Takeaways from the Second Debate + Does the US Need a Sovereign Wealth Fund?

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 16 September 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott and Ed open the show by discussing recent inflation data, Oracle’s earnings, Wall Street’s decision to curb working hours for young bankers, and Open AI’s newest model. Then Scott shares his reactions to the President debate and breaks down business learnings from Kamala Harris’ performance. Ed predicts which stocks he thinks will benefit most from the Presidential race. Finally, Scott and Ed discuss a proposed sovereign wealth fund and explain why it seems unnecessary for the U.S. to have one. 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.
0:34.0	Today's number 790. That's how many islands are in Scotland, 130 of which are inhabited.
0:40.5	Ed, in Scotland, if you buy a three-year-old whiskey, you can call it Scotch. Any younger than that?
0:47.0	It's just bad parenting, Ed. Ed, I'm in Scotland I'm in the
1:04.1	house behind you.
1:06.0	You got to tell everyone where exactly you are in Scotland and why you're
1:09.2	there and what the occasion is.
1:11.3	I'll go on reverse order. I'm turning 50 and the naked I look 49 and 7.8s.
1:17.5	I am here and 100 of my closest friends are showing up, by the way, you came in a 102.
1:23.3	So you just missed the list.
1:25.1	Just missed it. Just missed it. Just missed it.
1:27.1	You just missed the list. I missed it. Just missed it. You just missed the list.
1:28.8	I'm outside of Aberdeen at a place called the Five Farms.
1:34.3	And no joke, I am, I've got, we've taken over a hotel.
1:38.0	We've been planning this for two years.
1:40.6	And all my, basically my entire life is flying in over the course the next 24 hours.
	...

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