The Prof G Pod with Scott Galloway Office Hours: Valuing Etsy’s Stock, Tips for Naming Your Business, and How to Ask for a Promotion or Raise at Work
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Nov 15, 2023 Explore the potential of Etsy's stock as Scott analyzes its future amid competition. He shares valuable tips on naming a business, emphasizing the need for uniqueness and relevance. The conversation shifts to career advice, guiding listeners on how to effectively ask for promotions or raises by understanding company dynamics and relationships. Dive into the world of stock evaluations and the importance of a diversified investment strategy aimed at long-term success.
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Investment Strategy
- Avoid anchoring investment decisions on past stock prices; focus on current value.
- Diversify investments through ETFs and index funds rather than picking individual stocks.
Etsy's Resilience and Valuation
- Etsy has carved a niche for itself, surviving competition from Amazon.
- Its stock is considered fully valued, despite a significant drop from its peak.
Crowdsourcing and Legal Check
- Crowdsource business names using platforms like Twitter or market research tools.
- Immediately check name availability with legal counsel to avoid future issues.