My First Million cover image

My First Million

How Scott Galloway Turned $8M into $120M Through Investing

May 16, 2025
In this engaging talk, Scott Galloway, a marketing professor and entrepreneur, shares his savvy investment journey, including turning $2M into $15M amid the FTX bankruptcy. He also recounts his monumental wins with companies like NJOY and YellowPages. Galloway offers razor-sharp advice for young men in their 20s and 30s, emphasizing humility and perspective. He predicts a looming downturn in the U.S. market and highlights the potential in European markets. The episode is a mix of finance insights and personal wisdom, ripe with humor and authenticity.
01:08:37

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Investing in distressed assets during market downturns can yield significant returns with careful research and calculated risks.
  • The impact of market perception on investment outcomes highlights the importance of humility and vigilance after financial gains.

Deep dives

Investment in Distressed Assets

Distressed assets are highlighted as a superior investment class due to their potential for high returns when market conditions are unfavorable. The speaker shares a strategic investment during the FTX bankruptcy, where they identified that creditors could recover a significant amount from a certain asset. By purchasing claims against the bankrupt firm for a fraction of their worth, they capitalized on the situation, reinforcing the idea that distressed investing is often overlooked but can yield exceptional results. The experience emphasizes the importance of thorough research and taking calculated risks when navigating distressed markets.

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