The market values stocks based on the company's current cash flow and the present value of its growth opportunity. It predicts future growth opportunities by setting expectations through signals from analysts and the company itself. By comparing these expectations to actual performance, the market adjusts its valuation accordingly.
Kara and Scott discuss Microsoft and Apple ditching OpenAI board seats, the proposed ban on congressional stock trading, and Tesla's EV market share dipping below 50% for the first time. Then, calls for Biden to drop out of the race are mounting, but will the president just wait out the clock? Plus, what the GOP's new platform reveals about a Trump second term, including the implications for Big Tech. Finally, a listener question on deciding where to go for college.
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