Kara Swisher · 35:47
It's just a grifter palace as far as I can tell. But where they're just writing them checks, I'm assuming. They'll just bring checks like it's a mafia wedding. But but it's... You know, I just... I don't know. I think process. This is the process we have, especially with the Democrats, and that's the way it's gonna go. And then we'll come... You know, we'll zero out on somebody. And, you know, it looks like it's moving into the regulars. Like, it's not like they didn't get there. And I think they're better for it. I think the win, Scott, I think that's a fail for you. You gotta explain your... The Tesla situation. I think people were coming at you because Tesla's at an all time high. Yep. So then Tesla's a win. I I don't know if it's a win. I wanna... It's a win for shareholders for sure.
Scott Galloway · 36:31
So your your win is an opportunity to embarrass me? Is that what
Kara Swisher · 36:33
Exactly. You're I want you to explain it. I was sitting there like, how's he gonna explain this? He's gonna avoid it or whatever, but you can't avoid it. So what do you think about this run up in Tesla stock? That's really what I wanna know, what you think
Scott Galloway · 36:43
about So just to be clear, I
Kara Swisher · 36:45
So the young people now hate you, let's have the Tesla people come after you.
Scott Galloway · 36:49
You know what, if you're gonna have enemies, have powerful enemies. So I said earlier in the year at South by Southwest, one of my big predictions is that this was the year Tesla was gonna come undone.
Kara Swisher · 37:00
Yes. Crash. Full crash into
Scott Galloway · 37:02
a wall. It was trading at $300 a share. The moment we said that the stock went to $2.20, not because of us, but just because... I thought, wow, I'm actually pretty good at this predictions thing. And now it's at an all time high. And there's just no getting around it. I was wrong. Tesla has, I thought all the incredible exodus of senior management was going to come back to haunt them. I still believe that greatness is achieved in the agency of others. And I'm kind of, I don't wanna say I'm doubling down. I'm almost a little bit tired of fighting people on Tesla and the heat I take. I own a Tesla, I think it's a great car. I think it's a great brand. My viewpoint though, is that at the end of the day, it's a company that Ben Steele and will begin at some point trading at a valuation that is the most valuable on any multiple or any reasonable metric auto company in the world, which puts it somewhere at like 80 to $120 a share. So like the company, congratulations to them, I was wrong. Still think that company is wildly overvalued.
Kara Swisher · 37:56
Why it go up? Why do you think it went up? That's what I want to understand. It may be a fake go up. I think that you're a 100% right about this valuation's crazy. But why did it go up? What was the intervening factor that it keeps doing this? I mean, I see a lot... Let me tell you. Being back here in California for a while, all you see is Teslas everywhere. Like, now I live in San Francisco, but I'm... I was all over the Bay Area and you see all levels of them everywhere being driven by people, which is interesting.
Scott Galloway · 38:23
Well, there's just no getting around it. The company is tremendously innovative. Takes enormous risks. I forget the new model that they launched last year, the more affordable model, but that seems to be getting traction. The pickup truck inspired this kind of this Tesla like Wondery that people have come to expect. They're not afraid to do things incredibly different, especially their China production is coming Yeah, China production came And now they're producing a thousand cars a day. So they've hit, they're starting to do something that they've never done before. And that is actually hit targets. They're famous for not hitting them. So look, the company is firing. I would say it's firing on all cylinders if it wasn't an electric car, but it's conducting on all lithium iodine or whatever the appropriate analogy is. The company's executing. Congratulations to them. I'm glad the the bulls won. I don't have a position in the stock, but Yeah.
Kara Swisher · 39:13
Yeah. It's interesting. Well, Elon seems a little bit more reinvigorated. I mean, at one point he was tweeting from the China factory, then he was somehow a SpaceX facility. I was like, what do you, cloned yourself? Like, what's Yeah. You know, it's interesting. He's quite you know, I think he's probably emboldened by winning the the case and sort of getting himself in line. And so, you know, he's got a lot of energy that guy, I'll tell you that.
Scott Galloway · 39:35
Well, it's huge vindication for him because you know, the stock's up above where he said he was going to take the company private when he committed blatant market manipulation and proved that the SEC would still lack SAC is and not there to protect investors but protect management. Anyway, but it is, there's just no getting around it. Tesla's on fire. I was, I couldn't have been more wrong on that one.
Kara Swisher · 39:55
All right, another thing I wanted to ask you about, missed you so much and I want your opinions on everything was this Bumble blocking Sharon Stone, which was kind of a great... It was peak 2019.
Scott Galloway · 40:04
But what did she do? What did she do? That's what
Kara Swisher · 40:07
I wanna know. Was on Bumble looking for a date, and they kicked her off because they said she wasn't Sharon Stone when indeed she was Sharon Stone. And then they of course responded and said, oh Sharon, come back. We're thrilled to have you, date away. And then there were very, some very, my friend Hillary Rosen was like, forget Bumble, I'd be happy to date you. So it was very funny.
Scott Galloway · 40:28
When I heard about Sharon being on Bumble, I decided to update my profile because my dating profile just says one thing, it's a super into magic, and that wasn't working for me. So I changed it to, I decided I needed to be a little bit more aggressive, a little bit more brute, a little bit more, you know, dog. And I'm like, an alpha male will not take shit from waiters. We'll protect we'll protect your standing everywhere we go. We'll impregnate you, leave, then come back and eat the child. Alpha male.
Kara Swisher · 40:57
My god. Do you
Scott Galloway · 40:58
That wasn't working. Wasn't working. I'm on a bit right now. Don't interrupt me. So I went back to the thing to attract the lovelies, and I wrote Yeah. Super judgmental reexotic vacations, but pretty easygoing on everything else.
Kara Swisher · 41:11
Speaking of exotic, which you're on right now. Oh my god. Scott, please stay off of Bumble. No one's gonna pick you on Bumble. Women have the agency on Bumble and you will never get selected.
Scott Galloway · 41:22
Release the hound in 2020.
Kara Swisher · 41:24
No way. No way. Please stay off all online dating services. I'm gonna warn people. I'm gonna have the... I I I know all the owners of these business. I'm gonna have them put a warning label on anything that you do on dating
Scott Galloway · 41:36
One in five men... One in five marriages, and I think like three and four hookups are now online. I think online dating is a wonderful thing. I have a friend who's who looks like he might be separating. And I'm like, dude, I'm gonna... I got so excited when I heard about this, not because of the pain and frustration and tragedy that is separation.
Kara Swisher · 41:54
Not bad, not bad.
Scott Galloway · 41:55
I made him promise me three months ago that if he
Kara Swisher · 42:13
A win, what's your win? What's your win?
Scott Galloway · 42:15
Okay, so my win, I love this story. Win is Ava Gordon and Ava just passed away at the age of 105. And she was a secretary or her husband, Ed, was a stockbroker. They lived very frugally and nobody had any idea about their wealth. And although she had never attended college, she left $10,000,000 her $10,000,000 state to community and technical colleges in Western Washington State when she died this past June. Renton College put out a release saying, At Renton Technical College, Gordon's gift will be used to confer scholarships and grants upon students with financial and other barriers to attendance. The funds will help pay for tuition and other education related expenses as well as for financial emergencies, Renton said in a statement. Her and her husband used to teach classes. He taught on business because he was a stockbroker. She did warm up exercises for inmates at a correctional institute. And there's just so much, so many lessons to be taken from this. I have this cottage industry of coaching young men. And what I find is that they aspire to be have a big win and make just a shit ton of money and then consume. And there's just so much dignity in doing what the Gordons did and living below your means and then investing early. This shows the power of compound interest. One big part of the story was that she would take $30 or $40 of her salary or secretary salary every week and buy stocks and utilities. And then ultimately she bought stock in Nordstrom and then she bought stock in Microsoft that she loved the markets, but was always investing from a very early age. And then they ended up with $15,000,000 in wealth, which they all left to nonprofits, mostly in education. But just this sort of philanthropy, this sort of dignity of living below your means, investing in education, which I still believe is the upward lubricant of prosperity in our society. So my win is Ava Gordon, this woman who never never achieved anything more than a secretary.
Kara Swisher · 44:10
So she's doing exactly opposite of what you're doing right now, being in Montana with
Scott Galloway · 44:14
the building. Pretty much. Pretty much. Excuse me, I have to go out and get a $45 Poke Bowl.
Kara Swisher · 44:20
Yeah. No. You need to... I like that you're you're... I like that you're aspirational to to live a life that you're never gonna live. I really like that about you.
Scott Galloway · 44:29
Karen, do as I say, not as I do. Do as I say.
— Predictions segment begins —
Kara Swisher · 44:33
Alright. So let's finish up with predictions. Here's predictions. You've made a couple of insane ones today. Here's here's here's the thing about aspiration for the next decade? What is your asp... Mine is I had a one... I've had a wonderful time with my family. I'm very excited about my family this... In the next decade. Decade. Have That's wonderful children and I'm very pleased with the situation around them and my lovely, I call her my fiance. I'm very excited to get married and everything else. So I am excited about family over the next ten years. What about you?
Scott Galloway · 45:04
So my parents are Italian and German, which means I'm kind of... I know I'm fucked up, but too lazy to do anything about it. And that's a joke, Kara.
Kara Swisher · 45:15
I got it. I got it. I wasn't lying. So
Scott Galloway · 45:18
we're talking about personal aspirations like New
Kara Swisher · 45:20
Year's Whatever, whatever. What's your prediction for the next decade?
Scott Galloway · 45:24
I wanna be a quarter of the man I pretend to be in all media and shows. I'm sick. I'm just like I do constant fucking virtue signaling and I wake up and go like, gee, I wish I was the person I think I am. So I'm trying to connect. I wanna connect what I know to be the right ways to be a good person and be a right dad and a good partner. I wanna be like, it's it's one thing to identify what is the right behavior and to talk about it and to put blog posts about it. And it's another thing to be that person. So my goal is for those two moons to line up at some point.
Kara Swisher · 45:55
Nice. Okay, now about tech bound business. I had predicted at the end of my column this week that you finally read, which was a great moment in our relationship going forward for the next decade. That carrying around a device in our hand and staring at it will be a thing of the past by 2030. I don't think we will be having these phones. I don't think we'll be... I think there'll be another device that'll be in around the eyes, think probably. So that was my prediction. This is by the end of the day that we're not gonna, this is not gonna be our relationship, our primary technical relationship that we have. What will it be? So that is my prediction.
Scott Galloway · 46:27
What will it be? What will we, how will we be interfacing with our digital world then?
Kara Swisher · 46:31
Something eyes up in the ear, in the ear eyes up that we'll be talking to it. They're like a lot of, you know, think I take a lot of cues from movies and stuff like that. And think a lot of the stuff that are in movies, they don't have a lot of holding of things. They have a lot of things in their ears and eyes and things like that. So I think that's, we're gonna have some sort of device around our head and ear area or embedded in some way that is how we communicate. So that's what I think.
Scott Galloway · 46:56
Yeah, wearables, I'll be very curious. And you think it goes to some sort of thing like app... When Apple comes out with some sort of glass thing?
Kara Swisher · 47:05
Yes.
Scott Galloway · 47:05
That's where it moves. Yeah. That'll be interesting. Interesting.
Kara Swisher · 47:08
What about you? We're gonna finish up on that, Scott. What's your big prediction for tech and media over the next? What should we be watching out for as we move pivot into our new decade?
Scott Galloway · 47:18
Well, you know, other than on a broader basis, revolution is coming and then with the Southern Hemisphere realized the fastest way to double their wealth is take the money of seven families, which ultimately they will figure out a way to do. Other than the impending revolution Kara, in terms of tech, I think the thing that creates the most shareholder value, if you will, in that first trillion or you're talking about is what I'll, for lack of a better term, distributed healthcare. I think just as retail began taxing people by taking them to these empty parking lots and forcing them to go up escalators and then find a salesperson and then checkout and then navigate your way back to the car. I think that the concentration of healthcare in these facilities, are unfriendly, very non consumer welcoming, very inefficient, very time expensive, that we're gonna distribute healthcare through these devices. Most people think it's gonna be the Apple Watch, I think it's gonna be Alexa. And we're gonna find that the reason Amazon is becoming HIPAA compliant is they're about to start offering medical services and medical insurance at a lower price. I think it's gonna be tremendously innovative. I think it's gonna be create enormous shareholder value. Think Jeff Bezos is gonna be the first trillionaire on the back of Amazon's move into healthcare. Amazon will be the first $2,000,000,000,000 company once they start announcing basic health insurance and kind of basic medical services. So I think this is the decade where we go after the most disruptable industry in the world, which is healthcare. Think this is the year of health tech. Health tech is the way I
Kara Swisher · 48:44
would summarize it. Like it. I thought climate tech, but I think you're right. I think that's... I think you're a 100% right. I think you're a 100% right on Amazon. I think Amazon's gonna be bigger than ever unless the government gets in his way or Trump does. I think he's gonna roll right over Trump, I think. You know what I mean? In that fight, I'm like, sorry, Trump. Jeff Bezos is gonna take you down on that.
Scott Galloway · 49:04
That's Conan O'Gregor and Floyd Mayweather. Bet bet on the guy with the fast hands who's actually in that sport. Yep. Bezos. That's that's for the second time the guy with the red hair gets the shit kicked out of him.
Kara Swisher · 49:16
Yes, indeed. All right, Scott, this has been very exciting. I want you to get back to the slopes and whatever you rich people do on the holidays. I am going to work today. I'm gonna actually work today. Nobody's working, which is a really nice time to work. And I'm gonna be doing some podcasts and things like that, but I'm excited to be back in 2020 with you on Tuesday on a regular thing and a bunch of live events and everything else. And as I said, when... At the end of last year, which which is that I'm very looking forward to working with you over the next year. I'm in a very That's
Scott Galloway · 49:47
very nice. Thank you very... Thank you
Kara Swisher · 49:48
for saying that, Karen. I feel
Scott Galloway · 49:50
feel the I feel the same about you. Well done. Alright. Let's make this a great decade, Kara. This is our decade. This is And
Kara Swisher · 49:57
let's be let's be offensive along the way as much as we can.
Scott Galloway · 50:01
Offensive yet empathetic. Know. That's empathetic.
Kara Swisher · 50:04
Yeah. Yes. No. Let's let's be offensive too. I think people like our our offensiveness. Meanwhile, if you have questions about a story you're hearing in the news for us to answer next week, send us questions at pivot@voxmedia.com. Today's show was produced by Rebecca Sinanis. Eric Anderson is Pivot's executive producer. Thanks also to Rebecca Castro and Drew Burrows. Make sure you subscribe to the show on Apple Podcasts. If you're an Android user, check us out on Spotify or, frankly, wherever you listen to podcast. If you like this show, please recommend it to a friend. Thanks for listening to Pivot from Vox Media. We'll be back next week for another breakdown of all things tech and business.
— Predictions segment ends —
