Google’s Quantum Breakthrough & The World Cup Goes to Saudi Arabia

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 16 December 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott and Ed open the show by discussing why a federal judge blocked Kroger’s acquisition of Albertsons, Warner Bros. Discovery’s decision to restructure its business, and Eli Lilly's plans to test its GLP-1 drug as a treatment for addiction. Then Ed breaks down Google’s innovation in quantum computing, outlining its potential business use cases. Scott explains why the market is responding positively—even as the broader implications remain unclear. Finally, they discuss Saudi Arabia’s successful bid to host the 2034 World Cup and debate whether it’s a smart long-term investment for the country. 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?
0:22.6	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.
0:33.7	Today is number 400 billion dollars. That's Elon Musk's record high net worth as of last week.
0:40.4	Power corrupts and absolute power absolutely corrupts. This is terrible for society and will cause real damage to economies, justice, and democracy around the world.
1:04.1	Welcome to Prop G Markets.
1:09.2	Today, we're discussing Google's quantum breakthrough and Saudi Arabia's World Cup.
1:11.5	But first, here with the... oh, wait, banter.
1:15.6	You can introduce me and then we can do, and then we can do banter. You don't have to.
1:19.6	Like anyone doesn't know you? It literally, I'm so sick of it. Everyone comes up to me. He's like,
1:29.2	tell Ed, we said hello. If it's anyone young, they're like, I love that, Ed Ellson. Yeah, I know. Yeah, he's great. I love to hear that. He's great. What are you doing, Ed? Where are you? What's going on? I'm in New York, and I'm just sort of reeling from that $400 billion net worth stat. I don't know if you
1:37.2	realize this, but since Trump was elected, since November 5th, Elon's net worth has increased by 66% and he's added $4 billion to his net worth every day.
1:49.0	Yeah, and I was excited about getting ZipRecruiter as a sponsor last week.
1:54.9	Oh, God. And here I am selling like chewable erectile dysfunction drugs.
2:03.5	Yeah, exactly. Seriously. Oh, wait, they're going to spend $1,100 on first-time founders? Sure, I'll meet with them. Oh, God. Oh, God. It's a good life.
2:11.2	Oh, wait, I'm headed to Riyadh. Let's talk about that. Let's bring this back to me. I'm headed to Riyadh on, what am I going on Tuesday?
2:18.4	Have you ever been to Riyadh?
2:19.7	You haven't been to Riyadh, right?
	...

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