The Prof G Pod with Scott Galloway Less is More
Jul 30, 2020
Tim Wu, a law professor and influential tech policy thinker, dives into critical discussions around antitrust and corporate power. He highlights the recent House Judiciary Antitrust Subcommittee hearing, shedding light on the implications of monopolistic practices by tech giants. Scott Galloway joins him in exploring how narratives crafted by CEOs can overshadow analytics, particularly in the case of Elon Musk. The chat also touches on Twitter's potential subscription model and the evolving landscape of education with micro-certifications.
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Narrative Over Numbers
- Stock prices depend on numbers (performance) and narrative (vision).
- Currently, narrative outweighs analytics, favoring disruptor stories over financial reality.
Misleading NASDAQ
- The NASDAQ is a misleading metric, creating a false sense of economic health.
- A few stocks drive the recovery, masking underlying economic problems.
Vaccine Over-Reliance
- Over-reliance on a vaccine creates a false sense of security.
- We need a "war footing" with non-pharmaceutical interventions like strict distancing.
