The Prof G Pod with Scott Galloway Prof G Markets: Perplexity’s Fourth Funding Round + Lessons From Boeing in Long-Term Thinking
13 snips
Oct 28, 2024 The discussion kicks off with a look at the slide in existing home sales and Tesla's earnings report. McDonald’s E.coli outbreak adds a twist to food safety talks. Despite Boeing's recent struggles, one host argues it could still be a smart buy. The podcast also reflects on the importance of pension plans in workers' negotiations. Finally, they dive into Perplexity's latest funding round and weigh its prospects against a competitive AI landscape.
AI Snips
Chapters
Transcript
Episode notes
Housing Market Woes
- The housing market downturn continues, surprising experts who predicted a bottoming out a year ago.
- This issue goes beyond interest rates; it's a supply problem needing government intervention, like subsidies for builders and relaxed permitting.
Housing Market Advice for Young People
- Scott Galloway advises young people to understand the housing market dynamics, even if not buying immediately.
- He recounts buying his first San Francisco home at 2.8 times his salary, compared to 10 times for today's MBA graduates.
Tesla's Revenue Mix
- Tesla's recent success isn't solely from revenue growth but from a shift to higher-margin products like batteries and services.
- This improved revenue mix led to a 200 basis point gross margin increase and a 17% net income rise.