The Prof G Pod with Scott Galloway
Prof G Markets: Epic Defeats Google, Ohtani’s Dodgers Contract, and Argentina Devalues the Peso
Dec 18, 2023
Ed Elson, a savvy market analyst at Prof G Media, joins to dissect major legal and economic developments. Scott breaks down why Google flopped against Epic Games while Apple triumphed. They delve into Argentina's economic turmoil, particularly its currency devaluation, blending humor with serious insights. The spotlight shines on Shohei Ohtani’s jaw-dropping $700 million Dodgers contract, offering key negotiation tips for professionals. Together, they explore market trends and the nuances of wealth building in today’s landscape.
40:50
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Quick takeaways
- Devaluing the peso by 50% and cutting public spending is Argentina's shock therapy strategy to reset its economy and establish responsible fiscal policies.
- Shohei Otani's contract with the LA Dodgers emphasizes the importance of negotiating compensation packages, deferring income, and prioritizing long-term financial security and savings over immediate consumption for regular professionals.
Deep dives
Shohei Otani signs largest sports contract in history
Shohei Otani, a Japanese major league baseball star, signed a 10-year contract with the LA Dodgers for $700 million, the largest sports contract in history. However, he will only be paid $2 million per year, deferring $68 million per season. He will be paid $680 million over time between 2034 and 2043. This contract showcases the importance of saving and deferring income for future financial security.
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