The Prof G Pod with Scott Galloway Office Hours: On Running, Expanding College Admissions, and How Banks Can Boost Their Brands
Oct 25, 2021
The discussion kicks off with insights on On Running's recent IPO, assessing if it's a wise long-term investment. Scott dives into how legacy banks can adapt in a digital age, stressing the need for innovation. The conversation shifts to higher education, highlighting how prestigious universities should expand admissions for greater diversity and societal progress. This raises questions about brand equity and its influence on student choices, advocating for more inclusive practices in college admissions.
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On Running Stock
- On Running has great products and branding, but its stock price seems too high currently.
- If you buy, hold it long-term, hoping it grows into its valuation.
Banking Brand Advice
- Legacy banks should focus on improving their digital presence and app design.
- They should also acquire smaller online banks and focus on content marketing, particularly on TikTok.
Morgan Stanley Experience
- Scott Galloway shares his experience working at Morgan Stanley early in his career.
- He describes it as a rigorous "boot camp" that instilled discipline and high standards.