The Most Profitable Year in Banking History, Elon’s Tesla Stake, and Firing People

The Most Profitable Year in Banking History, Elon’s Tesla Stake, and Firing People | Prof G Markets

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@dmkellett 8 ай бұрын

The inappropriate comments are why I’m in love with this podcast ! Utterly hilarious , and then straight into super high quality financial content! Perfect - keep it up guys

@iolantherosa9333 8 ай бұрын

I have a lot of respect for Ed, especially his ability to push back on Prof G's takes, however I was amazed at his lack of awareness about "super complex products" built by "crazy smart engineers" that serve very specific niches. Dude, that is basically the entire tech industry! It's not all FAANGS, despite their weight in the DOW. Do you see how all these techies are getting laid off, but no one is talking about moving into their parents' basements? It's because most tech jobs are working for precisely those kinds of "boring" companies and they are always hiring. Do you know how many components go on a printed circuit board, each with a highly niche function? How much software goes into the infrastructure required to operate your traffic flows? How important it is to have a tool that enables you to measure jitter on a fiber optic fiber? That's literally how most tech people are making a living right at this very moment! I think this would be an excellent topic for a No Mercy No Malice, because building these kinds of tools for infrastructure is probably the most important thing college STEM grads should be aspiring to, not drinking free kambucha at Pinterest.

@mueslix8391 8 ай бұрын

What?

@janellesamuels3385 8 ай бұрын

In summary, tech bros run shit and get jobs.

@HughJass-jv2lt 8 ай бұрын

_CALM DOWN._

@JFromAcc 8 ай бұрын

Free kombucha does sound nice though. It's very refreshing. Pardon my Seinfeld.

@parkmannate4154 8 ай бұрын

In tech companies typically if you're under 6 months they won't pay severance. And in many states including California if you are fired for performance you can challenge their unemployment benefit and not have to pay that when employers need to pay into UI

@jannichi6431 8 ай бұрын

Good HR video lesson, thanks for tackling the taboo subject. Burning ANY bridge not healthy. Raising wages 2024!

@jimbojimbo6873 8 ай бұрын

Some bridges have to br burnt to get what you want

@scottg2946 8 ай бұрын

Ed, once again....killing it!!!

@matthewhopkins5701 8 ай бұрын

Please talk about the video game industry in some shape or form :) would love to hear yall’s take

@markusmcgee 8 ай бұрын

Last week joke.....priceless....Edit. What Scott is saying, stay until you can transition is awesome. I have seen this happen a few times (I'm in tech). But his thoughts are 100.1% correct. Edit again lol...she may have a EEOC complaint right?

@HughJass-jv2lt 8 ай бұрын

I wish i caught this episode at lunch time yesterday.... Spirit air was at $8. And Now this morning.... its up 15% 🔥🔥🔥 At least i was able to catch half the gains ☀️☀️

@lauraaugustine6142 8 ай бұрын

Don’t worry guys, I’m a woman and I love all the jokes. Keep being yourselves, it’s refreshing.

@juanlehoux106 8 ай бұрын

The difference between a bag or a Rolex is that those products are pure luxury. They don't do anything that you can't do with much cheaper product. An iPhone has much functionality and the user experience is so much nicer, that people basically get hooked on this product and won't ever switch.

@sciencefliestothemoon2305 8 ай бұрын

Have both, can live W/O the iphone

@IOFLOOD 8 ай бұрын

Flagship iPhone is only a little more expensive than flagship Samsung. It's all the accessories and upgrades that are overpriced (airpods, ram and storage, cables and chargers). So I don't feel like Apple is defying gravity here. Their excellent branding allows them to sell a slightly worse product than Samsung at a slightly higher price, and make killer margins when people buy the addons. Fundamentally that positioning does still allow for being a volume leader. Pure luxury products by definition are ones pirced so that most people cannot afford them. iPhone is not "luxury" by that definition -- it commands a premium margin, but not a luxury price.

@sciencefliestothemoon2305 8 ай бұрын

@@IOFLOOD I have a Lenovo. Does the same as the work iPhone. Costs a lot less too.

@IOFLOOD 8 ай бұрын

@@sciencefliestothemoon2305 Ya but its not like a bag where a $5,000 product is indistinguishable from a $500 one.

@ChristopherGrant-e5j 8 ай бұрын

Wrong, other android phones do the same functionality.

@chiefenumclaw7960 8 ай бұрын

Thanks, Scott!

@tutornick 8 ай бұрын

Your discussion on Apple phones was insightful... But it would have been useful to show the past trend as my understanding is that Samsung are being squeezed by the Chinese phone manufacturers, rather than losing market share to Apple consumers... Apple hold a monopoly on their platform. Samsung don't. I believe that is the underlying reason for the market share trend - not the messianic branding success alluded to in this podcast. I'd welcome your thoughts on this.

@Nolimit276 8 ай бұрын

Hey ed can you do a video on your research process?

@KeenPlus 8 ай бұрын

Love the pod. Also super curious what software you use to record / edit your videos?

@ReasonableHuman1 8 ай бұрын

Thanks

@smudlo1993 8 ай бұрын

Oh I just watch these for the bad jokes of prof G

@spudboy007 8 ай бұрын

I like the show but I will never get used to the perv-dad jokes at the beginning

@alamb0477 8 ай бұрын

And Elon Musk is supposed to be unhinged…

@njlillegard 8 ай бұрын

I took this dfTikTok firing straight to the Intro to Management class I teach. It will be interesting to see what a group of college students think of the situation. Thanks for giving me fodder to teach with.

@BrianMartensMusic 8 ай бұрын

It's not that luxury defies economics, luxury often becomes a Veblen good.

@IOFLOOD 8 ай бұрын

Saying fired for performance reasons, when it isn't, is to get out of paying severance or unemploymemt. Scum move.

@BlueSkyOcean 8 ай бұрын

Amen thank you

@doctormojo 8 ай бұрын

A perfect theme song for Scott's rant about Musk is Blackberry Winter, by James McMurtry (one of the better and more thoughtful lyricists out there).

@tuams 8 ай бұрын

I think that the Ansys software will make it easier for smaller companies to make planes, thus more competitions for the big boys. The tech could reduce the cost of testing planes which is a huge cost, if you want planes and they have to be 99% safe.

@johnbailey3351 8 ай бұрын

There was a small company, called Fairchild symbol FA, that voted in a dual class voting system. The controlling family traded giving away the dividend on their shares for more voting power. Of course soon after the family took control they eliminated the dividend. It took a shareholder vote. That occurred about 25 years ago.

@ned5162 8 ай бұрын

In normal times, I'd agree that controversy like Brittany's would hurt Cloudflare's reputation/hiring, but in this employer favored market, with large layoffs happening everywhere, there's an abundance of people willing to take her spot. Even if it's only for 5 months

@janellesamuels3385 8 ай бұрын

Agree, nothing will come of this except a flag in her background check if she ever apply for a Fortune 500. But she’ll likely get married to a guy like Scott and never have to worry anyways. Life of a white girl 🎉

@IOFLOOD 8 ай бұрын

The best people have options, and don't want to work for companies that conduct layoffs while fraudulently pretending they are not doing so.

@AEKerr 8 ай бұрын

Please don't change the start up; The shock & crudeness is needed to get everyone's attention, You will stick around if you're an adult😎🤓🍾

@CodyAndrews303 8 ай бұрын

I can't wait to see the movies and shows they make about Elon 10 years from now!

@Well_Earned_Siesta 8 ай бұрын

We've gotten so comfortable with corporate gaslighting and HR doublespeak that when Brittany called it out (in real-time), it was somehow "shocking".

@tecala1 8 ай бұрын

1st: Scott, just because I surprised you at Chipolte doesn't mean it bothered me. And, Ed, regarding your friend's girlfriend, if she doesn't really like it, she doesn't need to do it. It's a personal preference.

@oliverp8006 8 ай бұрын

Elon Musk currently owns about 13% of Tesla outright (~412M shares). Additionally, he currently holds about 304 million exercisable stock options from his 2018 compensation package for $23.34 per share. Exercising all of those stock options would result in Elon owning ~22% of Tesla (at $TSLA's current outstanding share count of ~3.19B). Net of taxes, it'd probably be closer to 18-20%. + he's not the man you can trick into a new compensation plan with 'crazy' targets to give him what he wants after he experienced the Sam Altman/OpenAI drama. He can easily fund and grow his AI and robotics segments outside of Tesla.....

@JongGoh 8 ай бұрын

Cloudflare is so bad and didn't manage this well. The HR should be fired instead!

@marycronopulosraz9776 8 ай бұрын

The employee was as bad as HR.

@birdofprey777 8 ай бұрын

She clearly hasnt been through a round of layoffs before

@gmart225 8 ай бұрын

Ed can get it ngl

@cobraspottedwolf8791 8 ай бұрын

Brittany Peach is a badass

@janellesamuels3385 8 ай бұрын

Disagree with Scott about Ackman . Someone needs to stand up against ESG bullying.

@tifftom 8 ай бұрын

Can you please get a if if this accent?

@axeldt183 8 ай бұрын

first, big fan scott!

@jannichi6431 8 ай бұрын

Ackman like Ellon didnt stay in bis lane. 🥵

@neilmoran9988 8 ай бұрын

Chipotle joke. Chicago graffiti "Chipotle ,food for white people"

@chipndahla 8 ай бұрын

Don't like the 'jokes' either. Highly tasteless. Makes me listen to fewer of the videos...

@boxingsense3459 8 ай бұрын

Looks like proff Galloway still has an unresolved beef with Elon Musk 🤣🤣🤣

@Ussnoss 8 ай бұрын

l only come here for Scotts jokes!

@marjorietench3925 8 ай бұрын

I wouldnt hire that woman after she posts the video…

@tifftom 8 ай бұрын

We just want to see Scott not this London intern

@kapdolkim1914 8 ай бұрын

So Elon wants to take 12% of my shares to continue to run Tesla. F' yah. I am sure my stocks will rise way more than 12% if he puts his heart into the company (there is an 'if' there).

@atreidesN 8 ай бұрын

You mean if he sells X and stops courting controversy

@tifftom 8 ай бұрын

We need American

@organic723 8 ай бұрын

Gonna stop listening, on the off chance he does any more "jokes"

@BodyByBenSLC 8 ай бұрын

When is everyone going realize Elon is a con-man. "He's 10x the value of company." A company that makes cars that get recalled! That's a bubble! Short Elon!

@sciencefliestothemoon2305 8 ай бұрын

Which cars don't get recalled? And most Tesla problems are fixed with OTA updates.

@boxingsense3459 8 ай бұрын

@@degenerate_mercenary9898 Tesla has the lowest amount of physical recalls of any serious carmakers. You wouldn't call your Iphone software update a recall, would you?

@BlueSkyOcean 8 ай бұрын

A person who has engineering degrees knows he is total con … most people who thinks he is God have not studied enough

@sciencefliestothemoon2305 8 ай бұрын

@@BlueSkyOcean funny how the engineers working for him say the opposite. As a person with a KZbin degree I call "trust me bro"

@KK-pm7ud 8 ай бұрын

That Karen employee is the epitome of this weak generation of workers. The company is letting you go. Move on.

@alexbrown1170 8 ай бұрын

Scott not only jumped the shark he looked for any orifice it had to jump in. Completely turned off by constant narrative of his specialness. FOFF

@houstongalloway6380 8 ай бұрын

ANSYS sucks.

@elguapo10191 8 ай бұрын

The intro jokes are just so terrible. Highly offensive and stupid. Hard to recommend this show to anyone even tho I like the show of these jokes. Totally pointless.