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The James Altucher Show

570 - Coronavirus Update: What Will The New Normal Be Like? with Professor Scott Galloway

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 6 April 2020

⏱️ 99 minutes

🧾️ Download transcript

Summary

We all want to know what the future looks like. "What's the new normal?" I asked Professor Scott Galloway, who's insights and research have been known to prove markets and trends for years. He said, "I would argue that this doesn't change any trends. It just accelerates them." So we talked about the changes happening NOW. And how they'll evolve over time. And if you like this episode, go check out his brand new podcast "The Prof G Show" now available wherever you get your podcasts. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.4

This is the James Altiger Show.

0:10.0

Today on the James Altiger Show.

0:15.4

No one in my view, no one is going to have on their tombstone during the great pandemic

0:20.3

of the novel coronavirus, he overreacted.

0:23.0

So far, no one can be accused of overreacting.

0:25.8

The only negative attribute I think in response will be thus far is that we underreacted.

0:31.8

The way I would best summarize our viewpoint as Americans right now, at least the viewpoints

0:35.3

I'm taking is that if the species gets wiped out, that's bad, but would be even worse as

0:39.5

if the NASDAQ goes down.

0:41.2

Could it be the case that there's so much quick destruction that we're left with people

0:46.0

just on the street expecting the next UBI bill, the next stimulus bill to get passed, and

0:51.6

we don't know what to do with these 40 million workers.

0:54.1

Is there a point of no return if we keep this economy shut down long enough?

0:58.7

I don't think so.

0:59.7

I might be naive, but my sense is the terrible thing about crises as they always happen,

1:04.3

but the wonderful thing is they always end.

1:07.2

I think we've faced much bigger tests.

1:11.2

Well, I don't think about us personally because the reality is we have lived a charmed life,

1:17.0

at least I have, but I think I'm an atheist, but I say I have gods and that is when I'm

1:21.8

ever feeling sorry for myself, which is one of the things I hate about myself.

1:27.9

My god is my maternal grandfather, who I never met, Norman Levine, who used to escort his

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