Scott Galloway
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Professor and commentator
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Claims by Scott Galloway (20 of 199)
The moderator argues that key fault lines in the loss of decency include: (1) absence of male involvement in young men's lives, as boys need men; (2) optimization for attention rather than service as an economic and cultural norm; and (3) Big Tech's algorithmic elevation of content that divides people and rewards coarseness and cruelty.
Newspaper advertising market continued to capture 15% of advertising dollars despite receiving only 6% of consumer time, until eventually advertising dollars realigned with actual time spent; this pattern is now playing out with TikTok and other digital platforms where ad spend lags behind time allocation
GLP-1 drugs (weight loss medications) will be 'Tech of the Year' for 2024 because the obesity/diabetes economy represents $1.7 trillion (~8% of US economy), and declining obesity rates will cascade into massive impacts across consumer companies (McDonald's, PepsiCo, Coca-Cola), kidney dialysis companies, medical equipment manufacturers, and mobility device producers.
Galloway personally is not buying these stocks but rather saving dry powder for private investment opportunities and considering selling his largest public holdings (Apple, Amazon, Airbnb) to transition from public tech into credit instruments offering unlevered 12-15% returns and lower risk.
Remote work arbitrage (relocating workers to lower-cost second/third-tier cities) is already exhausted; anyone who could benefit from the geographic price differential has already moved, and we will see a slight uptick in office occupancy rates in 2024 as companies formalize requirements for more regular in-person interaction.
San Francisco has priced itself out of the market and is unable to address the homeless problem, making it both bad and expensive, causing people to leave and collapsing the commercial real estate market while residential rental and housing markets begin to decline for the first time.
Disney stock is at a 10x PE low, has iconic inimitable assets, and a park business generating $10 billion in EBITDA annually; the park moat is singular because the IP leverage through rides combined with the barrier of building multi-hundred-acre parks over decades creates competitive separation Netflix and other streamers cannot match within 10-20 years.
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