Kara Swisher · 43:53
Come on. Anyway, that was a fun question. We wanna hear more. If you got a question you're curious about, go to nymag.com/pivot and submit it for the show. Alright, Scott. One more quick break, and now I want this prediction. I want more illumination on your prediction. It better be a good one. And by the way, since you've so well rested, if it's not good, you're gonna have to do another one.
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— Predictions segment begins —
Kara Swisher · 45:04
Okay, Scott, we're back. Next up, give us this week's prediction.
Scott Galloway · 45:09
My predictions are really rooted in optimism, and I I came up with them both this morning. And that is I I do think immunities are kicking in. Mhmm. I'm trying to find silver linings in this crisis because every every once in a while at night when I'm alone, a moment of reality hits me and I literally become very anxious and can only fix it with zakopa and edibles. So I'm trying to get into my gratitude practice. And one of the immunities that's kicking in and sometimes out of crisis, whether it's the fires in London that spawns incredible architecture or investing in Germany and Japan and turning them into great allies after the crisis that was of the of the twentieth century that was World War two. I do think there's some really wonderful things happening. And these are just two minor... Not two minor ones, but two things I've noticed just in the last twenty four hours. The first is that in response to this this ridiculous abhorrent send women back to the seventh century, let's turn Americans into vigilantes narcing on each other known as this ridiculous legislation in Texas. I think it's gonna bring a lot of warranted attention to family planning technology. And a company called Hey Jane that helps women with family planning using the anonymity and the technology and also the regulatory arbitrage and non geographic centered notion of technology. I think that's a really interesting idea. Actually reached I tried to find her on LinkedIn and said, I'd like to invest in this. There's another startup called A VIA. I think it's A A V I A. And I met the founder, and she's an incredibly impressive person that's trying to focus on women's health. Because of course, the first kind of famous tech health app is called HIMSS.
Kara Swisher · 46:43
Yeah, HIMSS and HIMSS, right.
Scott Galloway · 46:44
Like we have three. Yeah. And then they'd like, oops, let's call it and hers. Yeah. And which is kind of reflects or mimics medical research to begin with. Like, let's focus on heart disease for men, and then that gets over fun. Anyways, I think it's an exciting time to be in the women's health space. And I think that they could address some of these issues and I think they're gonna start getting a lot more attention. Two of these companies, Hey Jane and Avia, two small startups that I think are gonna get more attention. And then my second prediction is I'm just so excited about this. Forbes came out with their annual ranking of schools. And these rankings are so frighteningly important for education because young people young people love brands because they're insecure and stupid, and so they need help picking something. So they go, okay. Got into Michigan and Michigan State. They're not smart enough to go, where would I be happier? Where do my parents live? They defer to the brand because they're insecure as they should be and don't know what they want. And that's why brands and marketers love young people because they defer to brands. And the most powerful pulse in brands and universities around a $250,000 purchase is the brand, or specifically the rankings. These rankings are so Yeah.
Kara Swisher · 47:55
Powerful. Schools live and die by them, right? I mean...
Scott Galloway · 47:58
A 100%. And this is why they are so awful and so corrupt. One of the biggest signals or inputs around the methodology of rankings is admissions rates, specifically who they do not admit. So you go up in the rankings as you reduce your admissions. When you literally ignore your role as a public servant and take UCLA from 70% admissions rate that lets in the son of single immigrant mothers who aren't qualified, I. E. Yours truly, and take it down to 12% this year, they go up in the rankings. And Harvard continues to let in 1,400 people from 55,000 applicants when sit on the endowment, the GDP of, you know, of Costa Rica. And it's led to some very unhealthy outcomes where we in academia have lost the script and think that it's great to create despair and misery across middle class households with good kids who
Kara Swisher · 48:48
like don't get
Scott Galloway · 48:48
in still
Kara Swisher · 48:48
good stick with this one. Keep going.
Scott Galloway · 48:50
So Forbes, Forbes, the gangsters at Forbes, thank you Forbes, thank you visionary Forbes, says, you know what one of our inputs is going to be? The percentage of kids on Pell Grants, because access to the transformative opportunity that is higher ed should be an input into a ranking. And they found
Kara Swisher · 49:09
Mhmm.
Scott Galloway · 49:10
That two of the top 10 schools, number one Berkeley, I think number six UCLA, are UC schools, and nine of the top 25, including four UC schools, are public universities who said, you know what? Our job isn't to be fucking Hermes. It's to move society forward.
Kara Swisher · 49:26
Mhmm.
Scott Galloway · 49:26
This is huge for education that the most important signal around funding, endowments, applications, these rankings is now a reflection of the value add of the civic responsibility these schools reflect. So my prediction is that we're about to enter an incredible disruption in brand equity in universities where people realize that, you know what? If you're rejecting 96% of your applicants, that's not a good thing. That's not a good thing. Anyways, my predictions, more attention to some wonderful startups focusing on women's health and the greatest... The brand, if you will, the brand equity industrial complex around universities is about to be disrupted, and we're gonna see some of the great public universities that haven't lost their mission accelerate to the top. You're gonna have six or seven of the top 10 schools from a brand equity standpoint, not be these people posing as Hermes. It's gonna be great public universities that every year try and expand their admissions. Those are my those are my
Kara Swisher · 50:27
I have some comments, and I'd like your comments. Yes. One is... I'll start with the the last one. Men fall behind in college enrollment. Women's Oh my god. Did you see this? Give up on college. I just feel lost. This was an amazing piece in the Wall Street Journal. By the way, Louis Swisher's taken a year off. He doesn't quite know the value of college, and he doesn't wanna waste my money. It's interesting. He's gonna work. He's gonna work this year. He wants to numbers?
Scott Galloway · 50:49
40% men, 60% women, you think, well, that's not that bad. So do you know what that means when you show up to college? Yeah. There are 50% more women there. Yep. The... And the thing that really bothered me about that article is the anti intellectualism that men
Kara Swisher · 51:03
have to I just feel lost men give up on cods. Let me just tell you. I... I've heard this from my son. I've heard this from my son, and and he works he works really hard, by the way. He works sixty, seventy hours a week. He loves to work. And it's similar thoughts. Let me just say similar thoughts. What do you say to that?
Scott Galloway · 51:21
Well, one, they're they're they're questioning the value. Two, they're oftentimes, quite frankly, not as qualified. Boys mature later. Seven out 10 high school valedictorians are girls, so they're not as qualified usually. But also and this will be a little bit controversial I'm not sure young men necessarily want to go to an institution where a large theme is as a white male or as a male, you're the problem.
Kara Swisher · 51:46
I'm sure which is the issue. But go ahead. Go ahead.
Scott Galloway · 51:48
Yeah. But it's not it's not what I'd call... I mean, you want to talk about identity politics, ground zero for it, where we start with, all right, oppressors over here, oppressed over here, go to a university. So I think they're doing a value trade off. I don't think they see it as welcoming. And also to be blunt, some of this is a good thing. The fact that more women who are in most instances, quite frankly, more qualified are over indexing, maybe that's not a bad thing. But there is a crisis among young men who are overlooked because the general viewpoint is if you're a young male, the world, you know, the world is yours for the taking. And then we have priced ourselves, and it is. And we have priced ourselves universities out of a value equation here.
Kara Swisher · 52:34
I think he doesn't quite know the value of it. I don't think he's bothered by any political thing. I think that's something that, you know, the hot take hacks of Substack enjoy writing about. But I think he doesn't
Scott Galloway · 52:45
take hacks.
Kara Swisher · 52:46
I just Hot to take It's the same story over and over again. Like, poor white men. I... I'm sorry. They're not poor, and they're and they're still white, so I think they're doing fine. I think he's just under... Doesn't understand the value. I thought this... The kind of lost, I think, was, like, what is the point of this was? And and not so much... He works hard, so it's not like he doesn't wanna work. It's it's just an interesting trend. That's one. The second thing is By the I know
Scott Galloway · 53:08
Louie better than you know Louie. You know why Louie dropped out or took a year off? Why? You know why I took a year off?
Kara Swisher · 53:13
To be with his mama.
Scott Galloway · 53:14
Because of COVID. What? To go... Because of COVID.
Kara Swisher · 53:17
Could be.
Scott Galloway · 53:17
Send him.
Kara Swisher · 53:18
Not him.
Scott Galloway · 53:18
Send him to UCLA and football games and sorority rush and beer pong I don't know. When we're not
Kara Swisher · 53:24
He his mother. He likes... I didn't like college myself. I did not. I did not like college. I like working, and he likes working. It's really interesting. It's a switcher trait. Second thing, France to offer... He doesn't wanna go to football games and, you know, kick back a beer. He just doesn't... It's not him. Anyway, France to offer free contraceptive to women 25. Think about that. France is doing that. And meanwhile, Mexico decriminalized abortion, and here we are in our country. That's true.
Scott Galloway · 53:50
I love that they're our new role model for progressive liberals.
Kara Swisher · 53:53
I know. Right? But the the free contraception to women 25 was really interesting because they're seeing these rates tick up and etcetera, etcetera. And so just... You know, it's just such a difference here. But I do like this idea of these companies. Think that... Can you can you do one more thing? Can you illuminate on your space thing that you just said? You sort of said I was gonna make it a prediction, and then you dropped it. What were you... Was
Scott Galloway · 54:13
your question? Just... I... Look. I I think I think SpaceX is an incredible company that's well managed and has incredible prospects. And I think it's gonna soak up the space market. My sense is they're the only space company I follow that's hit every milestone. They have $3,500,000,000 in Pentagon contracts. Jeff Bezos is running around with his with his hair on fire saying it was unfair. It strikes me that they're just outperforming and out executing everybody else. Yep. And people get very excited. And then the... I think the other ones are just gonna are gonna all cede a ton of market capitalization to... I think SpaceX is really exciting and really well operated. And I think Tesla is just a... Again, great company. I love the product. It's dramatically overvalued. And then the $250,000,000,000 transfer event that's gonna take place in the next twelve months is when Tim Cook gets on stage and pulls a silk curtain off a car with an Apple logo on it. Mhmm. From that point over the next hundred and eighty days, a $250,000,000,000 of market cap is gonna transfer from Tesla to Apple.
Kara Swisher · 55:11
Keep trying to whack
Scott Galloway · 55:12
that Tesla. Well, wait wait till it happens. Wait till it... At some point, I'll be right. At some at some... There will be a recession. You know, economists have picked Yeah. Nine of the last nine of the last three recessions. Anyways... I'm sorry.
Kara Swisher · 55:25
Go ahead. Yeah. I know. October cliff. Whatever the heck. We'll talk
Scott Galloway · 55:28
In three years, SpaceX is worth more than Tesla.
Kara Swisher · 55:31
Alright. You'll keep trying on that. I think you're right on the space... SpaceX. I think Tesla's... Is your is your... The hill you continue to die on. You do die on it over and over.
Scott Galloway · 55:40
Let's kill him again.
Kara Swisher · 55:41
Let's kill him again.
Scott Galloway · 55:42
Is he dead? No. He's not dead enough. I'm Jon Snow. I'm coming back. The red queen's gonna bring me back to life.
Kara Swisher · 55:48
I hate to say it, but I'm glad you're back. I liked all my dates. I liked my dating. My Go on. My... I liked our open marriage, but I really am glad you're back.
Scott Galloway · 55:57
I'm up for that. I'm seriously up for that as long as I'm the one that gets to be open.
— Predictions segment ends —
Kara Swisher · 56:01
We have a lot to do this month. We have a lot of shows. We've got PivotCon coming up in COVID COVID Have
Scott Galloway · 56:08
we announced that? Are we public? Are we
Kara Swisher · 56:09
out on Whatever. We don't care. And Coke. Cove. You have a lot of jobs at code. We have a lot gonna... We have a great lineup. It's still going forward. I want you to change dog
Scott Galloway · 56:20
in LA. You're gonna love a dog.
Kara Swisher · 56:22
Worried, honestly.
Scott Galloway · 56:23
I go... I stay at the Beverly Hills Hotel. I wear a pink robe. I put on big Aristotle Onassis glasses, I just wear... I I eat a Cobb salad, and I look at strangers with a cigarette, and I go, Jackie, marry me. I make you very happy woman. People are like, is he talking to me? Does he talk to me?
Kara Swisher · 56:40
This will be such an exciting thing. Jackie.
Scott Galloway · 56:42
I make you very happy, woman.
Kara Swisher · 56:44
Preet will be there. I... We we have a lot of people coming. Preet is coming. You and he are good.
Scott Galloway · 56:49
Governor Barag, talk about... I am sick of being used as a way station. Yeah. He's here for, like, a hot minute. He is here for literally a hot minute.
Kara Swisher · 56:57
In any case, it will be really fun. Anyway, I'm glad you're back. That's the show. We'll be back on Tuesday for more. We've got a lot of interviews. We've got a lot of things happening. And as always, you can submit a question for the show at nymag.com/pivot. Scott, you know what? You're gonna read us out, so let's go.
Scott Galloway · 57:13
Today's show was produced by Lara Naaman, Evan Engel, and Taylor Griffin. Thanks also to Drew Breaux. Ernie Intertaught engineered this episode. Make sure you're subscribed to the show on Apple Podcast. Or if you're an Android user, check us out on Spotify or, frankly, wherever you listen to podcasts. Thank you for listening to Pivot from Vox Media. We'll be back next Friday for another breakdown of all things tech and business. I hate myself, and I have erectile dysfunction, but I'm your dog chasing down balls and bringing them back with slobber and insight. We will see you on Tuesday. Kara, I missed you. I'm glad you are doing well.
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Scott Galloway · 58:52
only.
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Kara Swisher · 58:53
for
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