The Prof G Pod with Scott Galloway Prof G Markets: How Scott Manages His Money
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Aug 21, 2023 In a candid discussion, Scott reveals his anxieties surrounding money and its impact on relationships. He emphasizes the importance of open financial conversations in marriage and shares personal finance lessons through transformative experiences. As he navigates his own spending evolution, he contemplates the balance between enjoying wealth and giving back to the community. With insights on investment strategies, the journey shines a light on whether wealth truly equates to happiness.
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Contrarian Investing and Diversification
- Don't chase hot investments, instead, consider distressed assets.
- Diversify investments and avoid over-concentration in single assets.
Yellow Pages Investment
- Scott Galloway invested in Dex Media, a yellow pages company, post-bankruptcy.
- The investment was successful due to consolidation and cost-cutting strategies.
Red Envelope Failure
- Scott Galloway lost heavily by being over-concentrated in Red Envelope, his own business.
- Several events, including a strike and credit line pull, led to the company's downfall.