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The Prof G Pod with Scott Galloway

Bonus Episode: Plunging Markets, Crypto Winters, and Elon’s Twitter Deal — with David Yermack

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Business, Careers, Entrepreneurship

4.45.3K Ratings

🗓️ 18 May 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

David Yermack, a professor of Finance and Business Transformation at the Stern School of Business, joins Scott for a special reports episode on how to think about the current stock market and crypto volatility. We also learn more about whether Elon can actually back out of his deal to acquire Twitter. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to a special episode of the PropGPOT.

0:12.5

Today, Professor David Urmac from the Stern School of Business joins us to discuss the

0:16.4

state of the markets, crypto, and the Twitter deal that is for now on hold.

0:21.6

It's caused confusion amongst investors and rattled Twitter's stock price.

0:26.8

This is the worst environment that I've seen since the dot com crash, even worse than

0:31.6

the great recession of 2008-2009.

0:33.8

Okay, so I don't think there's any debate.

0:36.1

We are in the middle of a crypto winter.

0:41.3

So David is a colleague, I wouldn't call his friends.

0:45.8

We like each other.

0:46.8

We're very collegial.

0:48.8

And he's someone who is just a gift.

0:51.2

The finance department in NYU is arguably, in most academics, we'll agree.

0:56.0

One of the best finance departments in the world.

0:58.9

And at NYU, they kind of rule the roost because they get just such outstanding faculty.

1:04.0

And David has been one of the few people that's been able to kind of tame these lions and

1:08.3

bring the management skill required to manage all of these enormously talented and very

1:13.9

confident and very large ego professors.

1:16.3

Is that fair?

1:17.3

Anyways, it's not easy to be a department chair at a university, much less the department

1:21.7

chair of kind of an iconic group as the finance department.

1:27.4

Anyway, the thing I really appreciate about David is that he is an optimist and even maybe

...

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