Prof G Markets Perplexity’s Fourth Funding Round + Lessons From Boeing in Long-Term Thinking
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Oct 28, 2024 The discussion kicks off with a look at declining home sales and Tesla's earnings. The hosts delve into a McDonald's health scare and Shein's slowing growth. Scott argues that despite recent challenges, Boeing could still be a strong investment. They also tackle the complexities of Boeing's labor strike and its pension plans. Finally, Perplexity's funding round is analyzed, revealing differing outlooks on its potential amid competitive tensions in the AI search engine landscape.
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Housing Crisis
- Existing home sales are at their lowest since 2010, impacting the American dream of homeownership.
- Scott Galloway suggests government subsidies and deregulation of housing permits to increase supply.
Homeownership Affordability Then and Now
- Scott Galloway bought his first home at 27 for 1.6 times his annual income.
- Now, Bay Area homes cost nearly 10 times an MBA graduate's salary, requiring federal intervention.
Renting vs. Buying
- Jessica Tarloff and her husband choose to rent in Manhattan despite affording to buy.
- They believe their money performs better in the market than in real estate.