Scott Galloway · 56:51
Them there. If they get scholarships, great. If not, we're gonna figure out a lower cost way. We're gonna send them to junior college for two years, or we're gonna send them to the public school instead of Grace Church, and we are gonna be disciplined and put that money away. And in case things don't work out, they're gonna have millions of dollars to ease the pain.
Kara Swisher · 57:08
I'm gonna interject. Clara Jo Cath is about to go to public school in September. That was exactly... I did all the math. I did all the stuff. I'm putting away money for her. The money I might have spent, not as much of it. It was a ridiculous price. Ridiculous. And I was like, where's my value? I can... If the school is walking distance from our house, I'm going to spend a lot of time at the school, like, commit myself to helping if it needs... It's actually... They're quite good. The DC elementary schools are quite good. And I and I also feel like having a public commitment to that is important because why not make it better? It... To me, the... And... But away from all the public commitment of I... I'm not just cosplaying, oh, let's go to public school. I think it's an economic choice. Like, this is a ridiculous amount of money I spent on my boys for... I didn't... My ex wife really wanted them to go to private school, and she had the means because she worked at Google. And I was dragged along, and I didn't make as much money as she did. And it was it was not great. I was like... I looked at it, I was like, that was a waste of my fucking money. I think you're a 100% right on that, and that's exactly what I'm doing with my second two kids. So
Scott Galloway · 58:14
And there's also... There's something to... I wanted to go to private school. I went to Emerson Junior High School in LA, and it was the year they'd started doing busing and integration. And it should be a hallmark film about, oh, it was great. It wasn't. It was a violent place. We hated each other. That's the bad news. The good news is by the time we got to high school, we were all getting along. And my friends, all my friends went to this Tony private school called Wynward. And I think they were better off in the short run, but in the long run, I think I got a lot of empathy. I developed a lot of skills. And I think there's something to be said to having to make your way in a public school and trying to stand out in a larger class. And and it's... I'm not suggesting it's for everyone. And if you have the resources, then sure, it's a great move. But what what you also gotta fess up to as an adult is what are you really spending this money for and why? And when I really do when I really do an audit of my own self, the reason I wanted my kids to go to Grace Church was so I could tell other parents that my kids were going to Grace. Mhmm. And that's just a wrong way to select a school.
Kara Swisher · 59:19
That's correct.
Scott Galloway · 59:20
I think a lot of this is signaling for the parents. And if you do the math, guess what? Just in case public school is the wrong decision, you're gonna have millions of dollars if you're disciplined about putting that money somewhere else.
Kara Swisher · 59:33
I literally... I was at a parent's thing, and a lot of the kid... All the kid... Every single kid... She's she's in a private preschool because she couldn't... She didn't get into the pre k. There's... It's a lottery to get into the pre k for, but she's finally gotten in, and the public one. And of all these parents are saying to private school, and they're like, we're the only family doing public school. And I was at an event, and they were like, oh, that's interesting. I said, yeah. She's gonna have millions and millions of dollars later that I'm gonna put aside for her, and your kids won't. And they're not that... Yeah. I was... They're like, oh. Oh. And I said, yeah. That's how it's gonna go.
Scott Galloway · 1:00:09
I mean, we talk about kids not being able to do the math. Parents aren't doing the math.
Kara Swisher · 1:00:13
They aren't. I just was like, I'm gonna just hand her the money. She can go to medical school. She can do whatever she wants, buy a house. I'm just gonna... It's a it's a forced savings plan as much as I can put away for her and, you know, in different ways that are taxed, you know.
Scott Galloway · 1:00:27
My dad tried to do, like, a low rent version of that. He took me to Annapolis. He wanted me to join the Navy because he didn't wanna pay for my college, and he said if I went to Annapolis versus UCLA, he'd buy me a Trans Am. Literally, that was the exact word. I'll buy a brand new Trans Am with a t top. Oh, wow. And I put my hairbrush in on, you know, the dash. Anyways... And and then I walked down Hilgard, I think it's called. Was it Hilgard or Strathmore? During sorority rush? And I'm like, oh my god. I am so going to UCLA.
Kara Swisher · 1:00:55
I know. I can't
Scott Galloway · 1:00:56
see you the army. Out of a Cinemax film.
Kara Swisher · 1:00:59
An officer and a non gentleman. An officer and a non... Anyway
Scott Galloway · 1:01:03
Oh, Jesus. Yeah. And Go Bruins.
Kara Swisher · 1:01:06
Oh my god. You can
Scott Galloway · 1:01:07
go Bruins. It's time for me to lose my virginity at 19.
Kara Swisher · 1:01:11
Oh god. Oh god. You and the navy, that would have been a disaster. Anyway Oh,
Scott Galloway · 1:01:16
I would have been kicked out.
Kara Swisher · 1:01:16
Although, wouldn't have made it. You wouldn't look good in the outfits. You don't look good in
Scott Galloway · 1:01:19
the outfits. Wouldn't made it.
Kara Swisher · 1:01:21
Yeah. You still would've looked good in the whites.
Scott Galloway · 1:01:23
I appreciate that.
Kara Swisher · 1:01:23
So, anyway, Vanessa, thank you. That's a really good... Yes. Tea early often and give them... Say... Go go to private public school. If you got a question of your own and you'd like answered, send it our way. Go to nymag.com/pivot to submit a question for the show, or call 85551 Alright, Scott. One more quick break. We'll be back for predictions.
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— Predictions segment begins —
Kara Swisher · 1:03:23
Okay, Scott. I'm gonna have you do a prediction, but I'm gonna make one prediction because I'm gonna take my moment. Louis Swisher turned 22 this week, and he is going to have a wonderful future. Happy birthday, Louis.
Scott Galloway · 1:03:34
Must eyes. Yeah. That's your prediction? Your kid's your kid's gonna have a wonderful future?
Kara Swisher · 1:03:38
He's just is. I can feel it.
Scott Galloway · 1:03:40
Is he going... Is he finishing up his junior year at NYU?
Kara Swisher · 1:03:42
Yes. He's coming back from Argentina.
Scott Galloway · 1:03:44
As we talk about what a rip off it is.
Kara Swisher · 1:03:46
Me... I know that. I get it. I agree Not
Scott Galloway · 1:03:48
for Alex. Teach there. And I teach there about him.
Kara Swisher · 1:03:50
Because he's gonna... That kid is gonna be a billionaire. Like, Alex Michigan? Money Wells. Money Wells.
Scott Galloway · 1:03:55
Michigan's are great. Michigan's an outstanding institution.
Kara Swisher · 1:03:58
Louie thought about not going to school a little bit, and, I think he's really... It's teaching him to think, and I think it'll help him in that regard. Like, it... It's it's... I find it's useful right now in a lot of ways for him. I don't think it's money not well spent, but Alex is, I definitely think it's well spent. He's taking calculus this summer and physics and all those important things. Anyway, prediction, please.
Scott Galloway · 1:04:19
He's a smart one. Well, my prediction is a story that I think is the most underreported story, and my prediction is it's gonna get a lot more attention. So from 2001 to 2021, US higher education institutions received $13,000,000,000 in funding from foreign sources. And we talked a little bit about this. Do you know where 40% of that foreign funding has come from? Qatar has given $4,700,000,000 to US organizations.
Kara Swisher · 1:04:49
Educational... Like colleges, stuff like that.
Scott Galloway · 1:04:52
Colleges. Cornell, University of... You know, the Aggies. And if you look, you know, it's also Qatar and the Muslim Brotherhood funding of higher education is gonna get a lot more scrutiny because there is a statistically significant correlation between these protests and the amount of funding these universities have got from Qatar. This is gonna be a much bigger story as we do forensics around what has happened at universities and as Americans, parents look at what's going on in universities and quite frankly just don't get it, just can't understand how these kids have come to these conclusions, you're gonna find that where the protests have been most heated and, quite frankly, most confusing and, quite frankly, most irrational, we're gonna find that for the last twenty years, this university has been cashing the checks of Qatar. And this is, in my opinion, around all of this, you know, the the... This this is the biggest story in America for the last few weeks has has been campus protests. The next the next shoe to drop here is where does this money come from? And there's... This is a lot more coordinated, a lot more funded. Americans, one of our soft... Real soft issue is that we're much easier to fool than convince we've been fooled. And I think there's gonna be I think there's gonna be a lot of scrutiny and backlash. Nothing's for free.
Kara Swisher · 1:06:14
Qatar. Is it Qatar? I think it's Qatar.
Scott Galloway · 1:06:17
I call it Qatar, but cut cutter. Qatar. Guitaris. Qatar. By the way, I went there, I loved it. I went for World Cup, and I... One of the wonderful things I love about living in London is I've been exposed to a lot of wonderful people in The Gulf. But when the whores at our US universities take $5,000,000,000, nothing's for free. Yeah. Nothing's for free.
Kara Swisher · 1:06:39
For years, many things have been secretly funded by the right too, by the way. You know, all these, like, the people who make the Elaine's and all these different people and and Leonard Leo, they're all funded to get judges on things. So there's always there's always a, you know, a group... Or Chris Rufa. They're all they're all coordinated campaigns. They did it with gay issues. They did it, like, creating false anger and things like that. So there... It's it's common for there to be these things. I think the troubling thing you're pointing out is that they're foreign... This is a explicitly foreign country, which has interests in getting what it it needs out of it is your point.
Scott Galloway · 1:07:14
Well, you... You're right. So a lot of these homophobic propositions in California ends up they were being funded by very extreme extreme swings of of of Mormon entities in Utah, and it's important to point that out. But there's gonna be... My prediction is there's gonna be a very robust conversation about this because 4.7 of the 40 comes from a nation of 2,300,000 people. Okay. What? You just think they're just fascinated with Wolverine football? Yes. I mean, wake the fuck up, people. What do you think is going on here?
Kara Swisher · 1:07:47
Yeah. I would agree. Okay. That's a really interesting and a very offbeat one. I like it. I like it. We'll see. We'll see what happens. I'm sure we'll get a lot of letters. I hate letters for that one. Anyway, we'll see if we will anyway, but it's a very good point. What do they want for the money? What do they want for the money? And what does anyone want when they do secret money donations and all
Scott Galloway · 1:08:04
that stuff? There's an agenda there.
Kara Swisher · 1:08:06
Something. Absolutely. Okay, Scott. That's the show from Londinium, as they used to say on the old Batman show. We'll be back on Tuesday with more pivot. I'm getting on a plane back to DC, and then going up... You know
— Predictions segment ends —
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Scott Galloway · 1:08:20
What are doing this weekend?
Kara Swisher · 1:08:20
Didn't tell you over breakfast. I'm going to see Liberty play. It's a big Lesbafest, but they're playing fever. So I'll see Caitlin Clark play, I believe, at the... In in New York. The women's basketball, WNBA.
Scott Galloway · 1:08:33
Yeah. So you're going to a play... I'm sorry. I'm going do something.
Kara Swisher · 1:08:36
I'm going to 19 to
Scott Galloway · 1:08:38
a play called liberty. You're going to see the w... Nobody knows what an n b u... And WNBA is.
Kara Swisher · 1:08:43
Nobody cares. Clark. It's Caitlin fucking Clark. Everybody knows who she is.
Scott Galloway · 1:08:46
Okay. She's a phenomena.
Kara Swisher · 1:08:48
So I'm gonna see her
Scott Galloway · 1:08:49
funny joined the cosmos. No one cared.
Kara Swisher · 1:08:51
Yeah. Anyways
Scott Galloway · 1:08:52
I mean, best of luck to her. But it's it's inspiring. Success. It's inspiring. I'm going to inspiring.
Kara Swisher · 1:08:58
Besides meeting Louis Swisher, who's coming back from Argentina after a year, I'm going... This is such an exciting weekend. I'm going to see Caitlin Clark and then my friend Tim Daley, is in a play. I'm going to see that. But I'm excited to see WNBA. Don't don't don't rain on my lesbian play.
Scott Galloway · 1:09:12
Let me just help you out. Let me just cosplay and announce her at halftime. Well, in an exciting game, the score is now 13 to 11, and Caitlin Clark is a star, and that's why she makes $9,000 a year, folks. And I wanna say sneaking
Kara Swisher · 1:09:24
like me.
Scott Galloway · 1:09:25
A big shout out to the dozens and dozens of people watching the WNBA. Packed.
Kara Swisher · 1:09:29
It is packed. Is it?
Scott Galloway · 1:09:31
Is it?
Kara Swisher · 1:09:31
Yes. The lesbians were liking you, and now they're not liking you, just so you know. I could
Scott Galloway · 1:09:36
feel like you're move chase me up a mountain and eat me. That's my plan. It's all my strategy.
Kara Swisher · 1:09:40
There's so many straight women in there. Anyway, I will see you soon. I will see you in a few weeks in time.
Scott Galloway · 1:09:46
You're very uncomfortable with this conversation. You're trying to thread a needle here by being kind to me.
Kara Swisher · 1:09:50
I am... Glad to here this morning. It's great to be in your town. It's very lovely. I
Scott Galloway · 1:09:55
have good time.
Kara Swisher · 1:09:56
And and I will see you in a couple weeks where I'm gonna be charging that €35 coffee to you at the Hotel Decap. I'm very excited.
Scott Galloway · 1:10:04
It's on me.
Kara Swisher · 1:10:06
It is absolutely on you. A 100%.
Scott Galloway · 1:10:08
Go pull up to Meta Beach in the zodiac.
Kara Swisher · 1:10:11
Zodiac. We're doing that. We're totally... Get ready, Mark Zuckerberg. We're coming to your party. Anyway Yeah. Scott, read us out.
Scott Galloway · 1:10:17
Today's show is produced by Lara Naiman, Zoe Marcus, and Taylor Griffin. Ernie Indertodt engineered this episode. Thanks also to Drew Broz and Mils Severio. And Shaq Kerwa is Vox Media's executive producer of audio. Make sure you subscribe to the show wherever you listen to podcasts. Thanks listening to Pivot from New York Magazine, Box Media. You can subscribe to the magazine at nymag.com/pod. We'll be back next week for another breakdown of all things tech and business care. Great to see you. Safe travels.
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