The Texas Stock Exchange + Is Short Selling a Dying Strategy?

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 10 June 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott shares his thoughts on why the new Texas Stock Exchange could be an appealing choice for certain companies. He also explains how it's a symptom of a larger issue: the politicization of everything. Then Scott and Ed break down the role that short sellers have historically played in the market and why the unprecedented bull run of the past 15 years has diminished the strategy’s returns. 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	Amazon offers employees up to £8,000 for education and training, like Juliet.
0:07.0	She's now a trained technician.
0:10.0	And to her, the sound of machinery in need of repair, reminds her of how far she's come.
0:18.0	In two years, she's landed her dream job, providing her with valuable skills. That's up to
0:24.9	£8,000 for education and training at Amazon. Eligibility conditions apply. Today is number 19. That's the
0:31.9	percentage of employers who claim to have had a recent college graduate bring a, get this,
0:36.0	parent to a job interview. Ed, true story.
0:38.6	I figured out that my parents favored my twin brother when they asked me to blow up balloons for
0:43.3	his surprise birthday party. Hold me, Ed, little twin-neglected dog humor. That's right. We're trying to clean it up. Still PG-13.
1:05.2	Still PG-13. Welcome to Prop G-Markets. Today, we're discussing the Texas Stock Exchange and the dying breed of the shortseller.
1:14.2	Here with the news is PropG media analyst Ed Ellison. Ed, what is the good word?
1:19.8	I'm just pretty shocked by that stat. 19%. Makes no fucking sense.
1:23.5	Makes no way. Do you think that's right? I don't know.
1:26.1	Surely, surely, there is something wrong with the survey there unless I'm just completely out of touch. It's unbelievable. Yeah, no. I asked my parents if I was an accident and I said, no, it's really more of a tragedy.
1:38.7	That could have been our opening joke too. Yeah, there you go. You were in Scotland yesterday. How was that? And this morning. It was great.
1:44.9	Went up there for the night to a place called the Fife Arms in Aberdeen. By the way, one of my
1:49.8	favorite things to do is when I look at your schedule, I will look at the hotels you're staying at
1:55.2	and Google them and look at all of the photos. So I've already seen the Fife Arms website. I know what all the amenities are.
2:03.4	It looked quite nice. Yeah. What do you think? What should we have done? We pretty much just drank
2:07.7	whiskey and had a long dinner. We didn't even take a walk. We didn't go outside. Also, I don't know if I
2:12.2	told you this, but actually, speaking of parents, my parents treat me like a god, and that is they don't believe in me, Ed. They don't believe in me. Back to the Five Arms. Do you have like a Jokes website pulled up in front of you right now?
2:24.6	Where are these coming from? 100%. So what place am I going to that you're most excited about? I love
	...

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