The Prof G Pod with Scott Galloway Prof G Markets: Margin Calls, Private Jets, Meta Teams Up With Microsoft, and Unpacking the Fed
Oct 17, 2022
Scott is joined by Jason Stavvers, Editor-in-chief at Prof G Media, who breaks down the complex role of the Federal Reserve. They discuss how margin calls impacted John Foley's exit from Peloton and Meta's relentless push into the metaverse. Scott shares his personal experiences in the booming private jet market, revealing the ups and downs of ownership. Lastly, they tackle the mystery of the Fed, providing insights into its influence on the economy and upcoming indicators, all while keeping the conversation informative and engaging.
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Margin Calls and CEO Departures
- Margin calls occur when borrowed money against stocks exceeds their value.
- This can force selling, a bad position, especially for CEOs like Peloton's John Foley.
Meta's Metaverse Gamble
- Meta's metaverse investment might be a huge tech failure, causing nausea and financial losses.
- Its current trajectory could lead to the company's downfall.
Private Jet Boom
- Private aviation is booming due to increased wealth and COVID fears, expanding beyond the super-rich.
- More people now consider it, creating a crowded market.