What Killed the Apple Car? Shein Eyes a London IPO, and The Granolas | Prof G Markets
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- เผยแพร่เมื่อ 3 ส.ค. 2024
- This week on Prof G Markets, Scott shares his thoughts on what might have been the final nail in the coffin for the decade-long effort to build an Apple car. He also discusses what it means for Shein to explore an IPO in the UK instead of the U.S., and explains why he’d still like to invest in the company. Finally, he and Ed take a look at a group of stocks in Europe garnering attention for a genius branding play.
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Timestamps:
00:00 - This week's number
00:29 - Today's episode
03:35 - Market Vitals/Headlines
25:10 - What Killed the Apple Car?
35:52 - Shein Eyes a London IPO
47:07 - The Granolas
55:32 - Week Ahead
55:49 - Prediction
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The Prof G Show with Scott Galloway and Eddy, has become my favourite TH-cam channels, I’m amazed by the quality of financial information and I’m always looking forward to new episodes. I’m from Germany, but currently residing in the United Kingdom. Keep up the great work, guys!
Today’s open was a good one.Set a new bar
I like that Ed gives the center right perspective.
There it is: "To be a CEO, you have to be a bit of a sociopath".
Truer words have never been spoken. To get to the top, you have to step on everyone between you and the top.
I’m with Ed… best open ever 😂 👍
This is high quality content. You two are getting better and better with each episode. Well done, guys.
Scott giving heads of HR heat attacks on a weekly basis is half the reason I’m here 😂 Great show guys.
How these episodes don’t get more views is exactly why people are financially illiterate. You get a university professor giving his take on financial matters and Ed elaborating very eloquently his points. Perfect master and student situation!
Great episode! Love Prof G and Ed ripping each other ^^
Divine Prof G,
Open the heavens from atop Aspen,
Let your Rivian light shine down,
Illuminate our markets,
And guide us with your gallow(ay) humor.
In Prof G's name.
Amen,
Thank you folks! You are awesome. Looking forward for your content every week
I started out listening to the show on the podcast, but then i started to watch it, and the first time i did, i was like oh wow, i thought Ed was a 47 year old dude. In the best way possible.
Prof G is way too funny! 🤣🤣🤣, always exciting to get that notification on new stuff
the real uncancellable Top G!
Ed’s such a good workplace pal!
16:30; “You really gotta thank (faceless serf), I barely touched it.
Awwww….🥰
That was excellent on Shein Ed, good work. Very refreshing to hear both sides represented.
Excellent points. Love the talk.
I am addicted to this show.
When entertainment and financial expertise have a baby, the world is a better place. Thank you for both.
Just one question:
SHEIN and OZEMPIC?
I wasn’t aware the world needed more 9€ dresses to be produced, just to be thrown out upon realization that a 9€ dress looks exactly like how it sounds.
Ozempic covers up deeper cultural and commercial issues and is a quick fix with unknown long term effects.
scott looks like deadpool with stubble
"I'm sorry for offending you" is never the apology one thinks it is
Welcome to CO Scott!
Great Episode Scott, Ed, and Crew!
SHEIN steals designs from smaller companies.
I’m surprised you didn’t mention this.
Good show, nice balance between information and entertainment that means I keep coming back. Would be interesting to hear what the feeling is about the recent surge in gold and silver prices, nothing compared to crypto, but are they connected, or just coincidence?
That Pierce Brosnan slander is uncalled for. He's a top 3 Bond. Connery, Brosnan, and Craig!
Quick question why is BYD which is all (mostly)Chinese supply chain ok but Shien which has a tiny Chinese linkage such a massive problem.
At Cap Gemini in 80s we would take over a pub in the middle of London two or three evenings a year. Only 2 rules, no use of company cars and you had to be in work the following day. As most of the consultants were spread out it was a great way to build a community, have fun, get blasted and create some stories for telling later.
Not sure where it would sit nowadays in corporate culture, but we certainly had a lot of laughs. And hangovers
Ed blew my mind with his analysist of Google misdiagnosing Gemini's problem of race mixup. He's right about their fear of offending people being exactly what caused them to deliver a lesser quality product and ultimately resulted in - more people being offended
I JUST left a job where I had my closest friend for more money. She was happy for me, and it actually improved our friendship lol.
Scott demonstrating his love of upscale brands and ignorance of automotive …
21:35 💯
Hear, hear for Modern Portfolio Theory 😊
Just 2 in 10 adult U.S. employees say they definitely have a “best friend” at work, according to a quarterly Gallup survey done in June 2022. The percentage under age 35 dropped by 3 points when compared to pre-pandemic 2019, to 21% from 24%, said Gallup workplace and well-being researcher Jim Harter. There was no such change for workers 35 and up, he said.
Klarna! LOL! Time to accelerate development on the AI CEO replacement BOT...
We lost about a million bucks in the 2008 Recession. Lookin' at our books today; you'd never know that such a storm ever happened. 😅😊
I actually thought last week's joke was way funnier (and not as dumb)
Why didn’t the Apple car work? It’s an odd shape for a car….
BYD “no one has ever heard of it” - Buffet invested in them many, many years ago!
BYD is only unknown to people who talk about the auto industry but didn’t research beyond Tesla. BYD has been around for a while producing EVs for taxis since 2016, electric buses much before.
Take the team and go take the tour of Garrison Brothers Bourbon out in Hye (off Rt 290) if yer really into bourbon while at SXSW.
and go hang out at a REAL Austin bar: the Continental Club...just down the street from the Soho House.
Someone correct me if I'm wrong but a lot of the stuff on Shein is a cheaper shittier version of someone else's products. ie it's stolen
Ed is a princeton grad.
What's your opinion on the Reddit IPO?
"When I was on the board of The New York Times"
Hey guys, have a great week
I live in China, and Scott is a lil bit off on Shein. When he makes the point about "how much of shein's revenue is in China? Zero". I often have to import shit back into here that is originally produced here because - China has strict laws about E-commerce international and domestic selling. You basically have to pick which kind of E-commerce seller you are...domestic or international. So you end up importing products from US or EU that were originally produced here. The issue is not that Shein sells to China (its an international seller) - its that it produces all of its shit in China. The controversy is not over its revenue from/in China, its over it's production/manufacturing here. Its important for people to realize the two have nothing to do with each other.
I come for the jokes but stay for the education.
Apple pulling out of EVs is much like a lot of other tech companies abandoning plans for non-core products.
E.g. Google ditching AR/VR glasses. Walmart ditching it's shopping/tech incubators.
Yo this is so funny. The fact that he's talking about the ballsack of one of his younger employees 😂
Protect these men at all costs
'Nixon tattoo on your ballsac' badass statement😂
😂Gross income, just Brilliant 🤯🙈😂
We need Ed, it balances Prof’s left leaning views with Ed’s slightly center right views. Otherwise this becomes just another woke podcast.
Scott.. What is better for the US Economy. GM reducing it's profit's by approx $1B a year (It's still making profits after investment etc....) to pay for higher wages and benefits to union workers or GM having a larger share buy back? You wont answer that question because you can't mentally accept that Profits are not good for the economy when interest rates have been LOW for 30+yrs.
Come on Scott the “what about “ defense is beneath you.
Love GRANOLAS!!! 😂
Speaking about voice’s tones earlier….I feel that @chriswillx has a very grave matured voice. I even made up a story when I first heard him, that he must be using some AI technology to cover up his voice. See how far I went.
I feel that he doesn’t have the voice of his face & age! (maybe for protecting his voice recognition password?)…😂😂 🇫🇷🇺🇸
BYD -Warren Buffet large private share.
Would have liked to see you bring some morality into the conversation when you were talking about CEOs have to be sociopaths
Please just done one episode rating Prof Gs jokes
Did you guys fire your sound guy? I can’t remember listening to a podcast with such poor sound quality in a long time.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kathleen Nolan
Will someone please make a compilation video of Scott’s dirtiest jokes?
people don't point out the political commisars on the boards of chinese companies enough
BYD is going after tesla. AAPL stepted away
Apple Car never made any sense. Autonomous system, yes, lots of sense. The outcome of the EV market was obvious as well as the China factor which has been in play for years. No mention of how EV market in the US has been heavily subsidized by taxpayers.
Tesla is way overvalued. They are probably not profitable without government rebates and other subsidies.
Scott’s words on EV dynamics are not going to age well.
BYD over produces their cars. There aren’t enough people to buy the cars. So they end up rotting in huge fields.
Jessica Tarlov is better than just about everyone. Take it on the chin Scott
It's not the size of the nose that matters. It's what's in it that counts.
Think Shein is China backed…behaving like Binance CZ did the same thing with Crypto bank…wouldn’t come to the US would not open books…listing in London sounds like not having to go through the checks…
Another clueless take. Pretty obvious Apple realized AVs aren’t feasible for years if not decades. AVs enable people to use Apple’s core products while using a car. When people are driving, they can’t use other Apple products. So automakers are in competition with Apple for people’s time and money. Apple would be well advised to support train and bus service so people have more time to use their products and more money to buy them.
Western investors are so naive about what China and Russia claim....So naive.
Something non-authoritariann is said and immediately charges of republicanism
'Who is we, white man?' rofl
I thought you'd be so much better looking🤣🤣
Cream of the crap? Kidding
It was entirely QA’d and issue discovered, too much of a culture of fear in Woke environment, none of the staff on generous 6-7 figure salaries wanting to be seen to rock the boat - doesn’t augur well for Alphabet maintaining its monopoly grasp on Search revenues
Why is Ed on here? Is he Scott's bf?
Stupid analysis on Shein, as all US government
Incum
No. Scott you don't sound good looking. People think that because you talk with the confidence of a better looking man.
I don't really see Ed's purpose on this show
Ed ain't ever going to Aspen. 🥲
Ed hmu 🫶🏽