LA Fires, Trump Trades, TikTok, and Legacy Media’s Fate - ft. Andrew Ross Sorkin | Prof G Markets

[@meteorologistgriffinhardy]

Weatherman/meteorologist here. In this particular instance, I’d argue the LA fires were mostly a meteorological event, and not necessarily a direct cause-and-effect from climate change. The Santa Ana winds that caused them are a well-understood phenomenon in this part of the world, and have been around for a very long time. The winds from it were extremely severe, gusting to 80-100 mph at times - But that’s not necessarily from the fact that Earth is now hotter. I’d argue the outcome would have been equally likely in either an industrialized or pre-industrialized world. It’s possible that the ongoing drought in Southern CA could have been exacerbated by climate change, and thus exacerbated the fire risk. But I’d hesitate to draw a direct cause-and-effect in this specific instance. LA is already a desert. And I think it’s sparked so much conversation mostly just because of how high-profile the neighborhoods are that were destroyed. That is NOT to say that climate change is not leading to bigger and more catastrophic fires around the world, because it absolutely is. There are fires that have happened over the last 5-10 years that are much more concerning from a climate change perspective - Specifically, in the boreal forests in Canada and Siberia, and the tropical rainforest in the Amazon. Those fires would have been extremely less likely if the Earth hadn’t heated up by ~1.2-1.3°C on-average, as it already has. So it’s relevant for some if not most wildfires, but not as relevant for the LA fires, I’d say.

[@IanJames56]

We do not deserve three Fundrise ads in one program! WTH

[@kevinavery7977]

Until you tell us that you’ve invested $1m w them.😂

[@Hugh_Seaton]

Love that you had Andrew on.

[@deborahcaplan3565]

Agree Andrew Ross Sorkin and Becky are great - in fact CNBC is pretty honest about when there are opinions or not

[@pml5842]

Love and respect, Andrew.

[@petert834]

Andrew Ross Sorkin = must watch guest. Always great to have smart, reasonable people. I never realized he was Canadian but that may help explain some of his more reserved, non-sensationalized approach.

[@VictorGarcia16]

I have been living in Riverside California for 20 years. We used to get high winds in November and March, now we have gotten winds from October to April. Something has changed.

[@derrickgraham9276]

When's the next Billions show coming out, Andrew?

[@Vibrozii_FDG]

48:30 - fantastic analysis by andrew. This is precisely why I’m a regular…

[@corndogblue7]

Damn if Andrew doesnt have a pod cast then you need to get him one or maybe you guys can team up.

[@MaxSonic23]

I wishi was watching this podcast before and today I order your book

[@evanlee5362]

Don’t forget tip your landlord people😂😂

[@r.randy.phillips]

Good show! I like Mr. Sorkin's take on the "Trump Trade." Lot's of irrational expectations, especially in crypto. And BTW, Bitcoin backed loans are back so here we go again. Serviced by completely unregulated automated smart contracts, no credit score required, no minimum payments, low LTV ratios, automated adjustable interest rates. What could go wrong? Love to see a show on this.

[@PnCBio]

Your message around saving lives first resonates very strongly with this Canadian. Thank you for saying it.

[@VictorGarcia16]

The next rain will be desastorous. There will be mud slides in areas where the hills were completely burned.

[@davenash1547]

Good on you, Ed. It is climate change. Scott, you sound kind of like the NRA after a school shooting: “now’s not the time.” Of course our first responders deserve praise; now is the perfect time to discuss actual causes. We can do both.

[@TommySaucierPlourde0]

Waht in incredible guest! Love the Ed take on the fire. Start talking about it. Climate change is here and we need to not just talk about it but INVEST in the solution.

[@VictorGarcia16]

I think LA and LA County should offer to buy that land back and not rebuild those houses that are too close the forrest.

[@tigeraspen]

I love the ARS long form. I am a casual retail investor and he always explains complex markets in a way I can understand. He gets interrupted too often on CNBC. Thank you for this episode.

[@adityabanerji6358]

Guys, when you are given options of how much to tip on a screen, there is usually a choice for a custom tip. So if you don’t want to provide a 20 or 30 percent tip, then just customize your tip (obviously you’re not obligated to provide a tip). Just throwing that out there in case people were unaware.

[@tigeraspen]

I don't like tipping before I get the product or service.

[@Hadenought65]

People resent tipping when the person hasn't done anything, I always trip 20% for a waiter or waitress, it's a New York thing.

[@alxbuilds]

Related to the tipping section: Trump wants to have no tax on tips, so that he and other business people will be paid a "gratuity" from their companies. Now that it's a gratuity, no taxes on it.

[@richard9827]

Andrew and Becky. Yes as the most trusted

[@bbbbbbbbbbbbbb392]

suburban sprawl + semi arid climate = wild fires

[@davestrilich5898]

Climate charge can’t be the answer to incompetence

[@jasonk125]

Yes, Big Oil wants you to blame the politicians. It's better for their bottom line.

[@jaredasplundh8631]

I wish the defense industry moved that fast...

[@drewyyy]

Question for Profs: I’m from Malta within the EU, how can us European plebs get into seed funding from a retail level? Findrise is USA only.

[@DonniePierce]

Funny story. Ed actually has beautiful hair but he can’t let it grow working for Scott. Too bad he has to laugh at Scott’s jokes. Money’s probably worth it

[@r.k.2823]

Alcohol sucks.

[@radman1136]

"something is going on"? Wow. Just lost a lot of respect for you. Global warming is THE preeminent issue we face. Have you not done the reading?

[@kevinavery7977]

When I was a kid in the 70s, 10% was standard and 15 was for excellence. It shifted to 15% baseline probably mid-late 80s? Not sure. Last 20 years it feels like 20% has become near-standard expectation.

[@pennyfrance8498]

We need to place the blame where it belongs, #siliconvalley.

[@john-s3w6c]

Was that a sneeky pun by Ed?!.......('Hot' tip on Palisades property.....). Having market knowledge does stop you getting burnt. And a good deal could always spark your interest.......

[@IrnBruNYC]

Serious question for Scott: does he believe that rich people, by virtue of their being wealthy, have more of a right to burn climate destroying fossil fuels than the rest of us? Has he ever tried to calculate how many tons of CO2 his air travel is responsible for in any given year?

[@randyleebear]

Scott if you are on a podcast and KZbin, you are on social media.

[@daraghcuddy244]

SaaS multiples are down quite a bit so vcs don't want to exit

[@chrisbecerra]

This guys are friends and it’s enjoyable to see them talk

[@LeeCameron]

agreed. only the joke about the british are coming is like for ten year olds

[@neilneil9089]

And what about the Pelosi index? And you think that played no role In the election?

[@gavinsobil347]

Ed is right to bring up climate change. Prevention is the best option in preventing casualties. Yes, the people there obviously need help. But we can't stop beating the climate change drum. Eventually, people will have to succumb to the inevitability (if we continue on this path), which is climate change. If it were truly about preventing casualties, combustion engines would be banned in urban areas. Poor air quality kills millions of people every year. How many others suffer from respiratory illnesses directly caused by air pollution? This isn't a political issue. It's fucking reality. Love the podcast, and Scott has been a really positive impact in my life. But I think he has this stance slightly wrong. Sincerely, A radical moderate

[@bleach13charlie]

Im a wolf blitzer kind of guy myself

[@patriciapetersen2015]

This is what Martha did prison time for -She lost over a B$ so now it’s okay we are free to do any trades 😅WTF

[@daveschmarder-US1950]

ARS is someone who I can believe. I listen to squawk Box and that old guy is the opposite but I figure he is just looking for a post in the next administration.

[@DohertyT2319]

19:50 nope

[@mrlosangeles3286]

The Palisades is one the best places to live on the entire planet.

[@neilneil9089]

Hey open salaries, but not open anything else right??

[@stud6414]

Why are we banning tiktoc?

[@Sakkerro-g3v]

Last show, SG looked and acted fresh and youthful… this time not so much! 😂

[@AlexHawker761]

Hey Ed, listen to Daddy on this one. The answer to every natural disaster is not "Climate Change". It goes deeper.

[@jasonk125]

Ok, if you want to go deeper, its "we are not ready for Climate Change". You're welcome.

[@yousunkoh8910]

"MONKEY MONEY" -- LOL

[@Bunnahabhain18]

38:40

[@jeremiahwasabullfrog1]

“Don Jr. is the new Hunter”….? Are you serious? The thinking on this show is so one dimensional.

[@vectoraerialimaging774]

A+ Effing Job at protecting lives? Tell that to the 25+ families (so Far) that have been destroyed and lost loved ones due to the incompetence of the California government. The government, both state and local knew the risks and chose to not prepare. In the case f the Mayor, she decided to not even be in the state.

[@nickalonso1227]

There’s been 225,000 wildfires in California over the last 30 years 95% of them were caused by unattended campfires, power lines, cigarettes, arson. Although recent dryer conditions may make these fires larger than before the cause is more than likely completely avoidable and are really a result of negligence not climate on its own

[@andrewstorm8240]

West wing?

[@marjorietench3925]

Tipping is out of control! They should go get a better paying job. Why not just beg on the streets. I didnt get tipped for doing my job.

[@lipibk987]

First here :) lets go!

[@BoBo-p1s]

Anderson Cooper? seriously? we only trust Rachel Maddow and Lawrence O‘Donnell

[@KK-pm7ud]

Prof G owes it to his home state of California to speak up honestly about the terrible management by the government there. The state gave to him when it was functioning well. But now that he's successfully living in another country, he carries the Democratic Party's water with their irrational policies. I call on Scott to do some actual research on what is happening in California and speak truthfully about it.

[@sharonhearne5014]

You will get your chance with the Trump govt. in power so perhaps they will help the U.S. rise from the terrible, terrible ashes.

[@niaz_ahmed]

First

[@jasonk125]

I so can't stand Andrew Ross Sorkin. He is such a boot licker to power. I remember watching a fawning interview he did of Jack Welch, and I was physically sick afterward. Check the dictionary for the word "sycophant", and you find his picture.

[@GuldehenFiliz]

Bitcoin is definitely here to stay, Presales has begun and we are in the next bull market to new all time highs.