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Prof G Markets

The Trouble With Tariffs + Why Palantir Could Dominate AI — ft. Aswath Damodaran

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6722 Ratings

🗓️ 6 February 2025

⏱️ 64 minutes

🧾️ Download transcript

Summary

Scott and Ed open the show by discussing the potential tariffs on Mexico and Canada, Palantir’s earnings, and Vanguard’s largest fee cut ever. Then Aswath Damodaran, professor of finance at NYU’s Stern School of Business, returns to the show to analyze how DeepSeek’s rise reshapes the AI landscape. He shares why he hasn’t valued Palantir yet but still sees it as a potential AI leader and a prototype for the premium AI market. Aswath also weighs in on whether Tesla and Nvidia are overvalued, offers his views on tariffs, and explains why he thinks Intel has been overly punished. Subscribe to the Prof G Markets newsletter  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

Click on a timestamp to play from that location

0:00.0

The autopilot order. Now, informal, the strong urge felt at the ordering kiosk or drive-through

0:05.6

that takes over the entire body and mind and results in a person ordering a Big Mac without even

0:10.6

having to think. Related phrases, looks like I've ordered a Big Mac again. The Autopilot Order

0:15.7

at McDonald's. Serves from 11am, subject to availability. Today's number 3,600.

0:22.0

That's the population of tigers in India,

0:24.0

more than double the level from a decade ago.

0:26.5

True story.

0:27.6

My dad used to abandon me at zoos,

0:29.9

and then when I'd go to the Lost and Found,

0:31.8

and I'd say, Dad, what did you abandon me?

0:33.5

He said, well, I was hoping your real parents would claim you.

0:46.5

No, me didn't know. he said, well, I was hoping your real parents would claim you. Welcome to Prop G Markets.

0:48.4

I don't have the cameras on of the producers.

0:50.4

If the producers laugh, I feel like I have cloud cover.

0:52.8

Uh-oh, Claire's not laughing.

0:54.0

It's a wry smile. Does that count? Okay, here we go. Welcome to Prop G's Markets. Today's episode is presented by Funrise, probably for the last time after they hear that joke. I doubt it. You doubt it? And we're speaking with Aswath, the Modron, Professor of Finance at NYU Stern School of Business. For those who don't know, Aswath is the Jesus Christ of higher education. He's won Best Professor Award seven of the last eight years. Who won the eighth time? Not me. Not may. Anyways, how are you, Ed? Time for banter. I'm doing very well. I'd love to hear how you are. You're in a hotel in Orlando, I believe. I believe you're at Disney World. Is that right?

1:33.3

I'm at the Dolphin Hotel in Disney World, where the rooms are $1,400 a night, but the food and the service are bad. So that makes you feel especially good. I would describe affectionately

1:47.9

as Disney World as the seventh circle of hell. This is not where you want to be. Especially not with

1:54.6

your children, right? You don't have, your kids aren't with you. You're alone in Disney World,

1:58.9

which is actually a very creepy concept. I'm alone at Disney World. I just spoke to one of the millions of healthcare companies that is, I don't know, caring for our health.

2:09.6

And someone came up to me and introduced me as a CEO of this company. I said, what's the company?

2:14.6

Like, that's the conference we're hosting, where the ones are paying for you to be here. I'm like, oh, and I love the, I love Praxis Health.

...

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