Pivot

Elon's OpenAI Lawsuit, EU's Big Tech Regulation, and Guest Tom Scocca

26 snips
Mar 5, 2024
Tom Scocca, editor of the Substack Indignity and author known for his poignant essay on navigating the U.S. healthcare system, joins the conversation. They dive into Elon Musk’s lawsuit against OpenAI, pondering its implications for tech innovation. The hosts also discuss the EU's push for stricter regulations on Big Tech and whether similar measures could surface in the U.S. Scocca reflects on the frustrating complexities of medical mysteries and personal health experiences, linking them to broader societal issues.
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ANECDOTE

Netflix Stock Miss

  • Scott Galloway bought Netflix stock at $12/share, then sold it at $10.
  • It's now around $500, but he won't sue because it was his decision.
INSIGHT

Power Corrupts

  • Power corrupts, fueled by idolatry, hero worship, and the pursuit of money.
  • Diversification is crucial in investing because market predictions are unreliable.
ADVICE

Index Fund Advice

  • Invest in low-cost index funds.
  • They provide diversification and limit potential losses.
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