The Prof G Pod with Scott Galloway Prof G Markets: Bob Iger’s Bad Day, Trump Media’s Fraudulent Auditor, and Uber’s Venture Investments
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May 13, 2024 Tune in as Scott dissects the latest earnings woes at Disney and Warner Bros., reflecting on their impact on the streaming industry. The conversation heats up with the implications of an auditing firm linked to Trump Media facing fraud charges. Plus, Uber's financial troubles steal the spotlight, with a notable loss explored amidst their venture investments. With some lighthearted banter about world record baguettes, it’s the perfect mix of market analysis and unexpected humor!
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Tech Infrastructure Investment
- Tech companies' infrastructure investments rival government spending, indicating their dominance.
- Consider investing in companies supplying data center materials due to this massive investment.
Contrarian Investing
- Look for undervalued assets or companies with negative narratives, like FTX, for potential high returns.
- If the narrative is overly negative and you assess the situation differently, the upside can be substantial.
SBF's Legal Missteps
- Despite FTX creditors getting repaid, Sam Bankman-Fried's actions remain fraudulent and justify prison.
- His poor handling of his defense worsened his situation, highlighting the importance of legal counsel.