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Prof G Markets

ChatGPT’s First Victim + The Department of Government Efficiency (DOGE)

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6722 Ratings

🗓️ 18 November 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

Scott and Ed open the show by discussing Spotify and Disney’s earnings, a gambling company’s strong third quarter results, and Elliot Management’s activist investment in Honeywell. Then Scott breaks down how Chegg allowed ChatGPT to take its business to the woodshed and why he thinks the ed tech company’s bonds could make for a lucrative investment. He and Ed consider how fears of AI’s negative impact on certain sectors may have been overstated. Finally, they discuss the newly proposed Department of Government Efficiency and highlight one potential benefit it could bring to the nation.  Check out Prof G Markets in Spanish and Portuguese on Youtube.  Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

If you think talking about finances in general is hard, try talking to your parents about money.

0:07.0

What you don't want to do is like, do you have any money, what's going on?

0:11.0

You don't want to come at them in a more adversarial way.

0:15.0

Or, as I said, you don't want to come out like you're now the parent.

0:19.0

What to do about the ups and downs of your 401k?

0:22.5

If you or someone you care about plans to retire soon, that's on the next explain it to me.

0:28.4

New episodes every Sunday morning.

0:33.8

Today's number 80,000.

0:36.2

That's how many pounds of butter costco were called last month after

0:39.1

forgetting to add milk to the ingredient list true fuck so what happens you drink all this tequila

0:46.5

seriously today's number 80,000 that's how many pounds of butter Costco were called last month

0:51.9

after forgetting to add milk to the ingredient list.

0:55.7

Today's number 80,000. That's how many pounds of butter Costco recalled last month after forgetting

1:00.8

to add milk to the ingredient list. True story, Ed. One day my mom caught me masturbating in the bathtub.

1:08.3

I thought she'd be mad at, but instead, she'd just stop buying margarine.

1:23.1

I'm not even sure what that means. How are you, Ed? How are you?

1:29.4

I'm very well. We finally got there.

1:31.6

Took a while. It seems like you had a pretty big night last night, no?

1:34.9

Oh my gosh. I do some meme dropping, so do you have a posse of friends that you can just call, text at any moment.

1:41.7

Like, what are you doing? Let's grab a drink.

1:43.0

I'd like to think, sir, yeah.

1:44.3

Yeah, so I'd like to think so.

...

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