Scott Galloway: The Algebra of Wealth | Rational Reminder 303

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  • čas přidán 23. 08. 2024

Komentáře • 87

  • @MooseOllini
    @MooseOllini Před 3 měsíci +37

    Best thing about that episode is how often we are reminded that Ben is just a kid.

    • @dmoon9037
      @dmoon9037 Před 3 měsíci +7

      “Are you Canadian?” was the best part for me

    • @Lee_Aeon
      @Lee_Aeon Před 3 měsíci +1

      How amazing it is, at his age, to be so knowledgeable. Bright future ahead, a true academic and scholar.

  • @halcyonity
    @halcyonity Před 3 měsíci +22

    I’m so happy that my desire to spend time with my family and be a part of my children’s growth is not greater than a desire to make money.

    • @crohmer
      @crohmer Před 3 měsíci

      not everyone has a family and kids

    • @jeffsim4191
      @jeffsim4191 Před 3 měsíci +9

      ​@@crohmerThat's true... But this guy's statement about losing his hair and marriage for wealth was worth it is a bad take. Most often, divorce sets ppl back significantly more financially than the extra time spent working could ever benefit you.

    • @xaviergray1
      @xaviergray1 Před 3 měsíci

      ​@@jeffsim4191yeah, that was the exact moment I turned the episode off.

  • @user-fj9kt1zh2n
    @user-fj9kt1zh2n Před 3 měsíci +56

    This is not a crossover I was ever expecting

  • @livelucky74
    @livelucky74 Před 3 měsíci +14

    Work ethic determines success, luck determines maximum net worth.

  • @Zadeska
    @Zadeska Před 3 měsíci +13

    Imagine having over 100 million and feeling the need to work. It's beyond me.

    • @freedomlife3623
      @freedomlife3623 Před 3 měsíci +3

      Greed, and someone’s worth is very much tied to their wealth.

    • @shellyperera2010
      @shellyperera2010 Před 3 měsíci

      I don't have £100m but I have enough to retire. I still choose to work because I enjoy it and at 53 I feel too young to retire. I have plenty of time for hobbies, traveling and socialising even while working. The only thing I might do in a few years time is go part time but I'll keep on working for many more years.

    • @Will140f
      @Will140f Před 2 měsíci

      @@shellyperera2010”enough to retire” and 100 million are in different quadrants of the galaxy.

  • @andrewfriedrichs9340
    @andrewfriedrichs9340 Před 3 měsíci +18

    Interesting episode. The advice is good, the examples are . . . . unique.

  • @sprintmiles
    @sprintmiles Před 3 měsíci +34

    Really enjoyed the episode, though I can't help but feel that Galloway didn't research who he was being interviewed by. It's as though he was under the impression that Ben and Cameron are just two average financial advisors that just so happen to have amassed an audience on social media. I doubt he was aware that Rational Reminder engage with people like Eugene Fama and can dive deeply in the topics of investing, capital markets, behavioral finance, etc. Had he been aware, I have no doubt the exchange could have been considerably richer.

    • @haroldspanier9185
      @haroldspanier9185 Před 3 měsíci +13

      Agreed. Galloway did no prior research. It was telling at the end he asked where Ben and Cameron are from.

    • @BradleySpahn
      @BradleySpahn Před 3 měsíci +4

      Galloway has been all over my CZcams feed for this book, so probably booked back to back. I’m a longtime listener to all these guys, so was funny to see them interact with each other when they have such different perspectives. Agreed that Galloway’s ignorance about the two of them was pretty funny.

    • @josemacenteno
      @josemacenteno Před 3 měsíci +2

      @Prof G should be interviewing RR and learning from them, not the other way around

  • @user-mx4uv5gn4y
    @user-mx4uv5gn4y Před 3 měsíci +40

    Ben, I hope your lip heals quickly. You had to be biting it pretty hard.

    • @RazorOil
      @RazorOil Před 3 měsíci +5

      This dude triggered Ben 😅

  • @petert834
    @petert834 Před 3 měsíci +9

    This is terrific. Rational Reminder is a podcast that has so much useful info and also ways of thinking about finance and life, and I always check out The Prof G Show because it is so entertaining and provides interesting perspectives about markets, social topics, and finances.

    • @jamesandersonwalsh
      @jamesandersonwalsh Před 3 měsíci

      Yes, you just nailed it. Both excellent shows. Rational Reminder is the protein and vegetables, The Prof G Show is the strawberry cheesecake. I like my investments to be more protein and vegetables. But I wish Scott well, and enjoy listening to what he has to say.

  • @patienceisalpha
    @patienceisalpha Před 3 měsíci +12

    Welcome to the bald gang podcast. Crossover I wasn't expecting. 😅

  • @MailmanCornetto
    @MailmanCornetto Před 3 měsíci +29

    He makes some good points, but man he can talk about himself

    • @Will140f
      @Will140f Před 3 měsíci +9

      “And then guess how much money I made next? That’s right! Yet more still!”

  • @thomas6502
    @thomas6502 Před 3 měsíci +10

    Good discussion. I can't say I always agree with prof. Galloway's sentiment, but he's a very entertaining listen and--at least to my ears, pretty on point during this talk. Thanks to all! Keep up the great work.
    And Ben, stay young sir--may we all avoid the algebra of ageing.

  • @Zadeska
    @Zadeska Před 3 měsíci +1

    I really appreciate they hosted Galloway on the podcast and shared a different perspective. Not that they are at odds, but Galloway does have different views on many topics, including people owning some individual stocks. Would be great if they also had people like Aswath Damodaran or Bill Perkins.
    Well done!

  • @Will140f
    @Will140f Před 3 měsíci +6

    Quite the uh, vibe shift between last week’s guest and this guy eh? That whole diabetes rant was off the freakin rails!

  • @spb81
    @spb81 Před 3 měsíci +3

    had to say I was smiling to myself when Scott was giving financial advice to Ben 😁 Interesting episode - I think Scott made some good points, and points that I dont quite agree with. It was a good listen.

  • @ZakiyaAbdullahi
    @ZakiyaAbdullahi Před 3 měsíci +7

    Great interview. Realist perspective, many straight forward tips and gems for people on their generational wealth journey. Passion is nice, but its right we have to be practical until we have the luxury/freedom to engage in our passions. There will be periods on life we don't have complete stable balance and that is human nature.

  • @rcooper3106
    @rcooper3106 Před 3 měsíci +2

    Enjoyed the podcast. Keep getting reminded by you two and your guests of how important fees and taxes are to investment returns. May I suggest deep dives on both in future pods?

  • @victormanuelmendezfonseca6033
    @victormanuelmendezfonseca6033 Před 3 měsíci +8

    OK for a reference what is Ben's age because a lot of the advice seems to use this as comparison point. 😂

  • @Davidzfu
    @Davidzfu Před 3 měsíci +6

    Did he just say he worked so hard his marriage and family life collapsed and it was all worth it, and then shortly after state that he savors the time with his kids and current family? Seems contradictory.

    • @peruvator6211
      @peruvator6211 Před 3 měsíci +5

      "it was all worth it" sounds like he is telling this to himself. Maybe if he hears it one more time he'll believe it? Interesting episode.

  • @freedomlife3623
    @freedomlife3623 Před 3 měsíci +8

    For someone claimed to be the child of big government and benefited from, he obviously don’t want to contribute to it. Seems he can’t move fast enough to Taxes land of you on your own.

  • @KarlDag
    @KarlDag Před 3 měsíci +17

    Podcast was entertaining, but i felt like the guest was all over the place at times, recommends index funds but talking about private investments, asymmetric opportunities, betting on companies if you have a really good feeling about them...
    And sounded kind of arrogant towards Ben and young people in general.
    Not someone I'm going to follow, but i appreciate the diversity on RR.

    • @haroldspanier9185
      @haroldspanier9185 Před 3 měsíci +6

      Yes it made me uncomfortable in the manner he was addressing Ben.

  • @nadersalameh7219
    @nadersalameh7219 Před 3 měsíci +1

    One of my favourite episodes

  • @davidsmind
    @davidsmind Před 3 měsíci +18

    Scott talks with a lot of confidence (probably a reason for his success) but he is totally wrong about schools "cancelling physical education". Primary reasons for poor PE in schools, based on surveys: a) A lack of teacher and administrator priority is given to physical education. b) A significant number of schools do not appear to be allocating the Ministry
    recommended 10% of instructional time to physical education. c) Facilities and equipment provide implementation challenges for some schools. d) Elementary generalist teacher expertise is a barrier to curriculum implementation.
    This has to do with underfunding schools and over emphasizing grades/GPA. Maybe SCOTT should stay in his lane of expertise.

  • @Annah382
    @Annah382 Před 3 měsíci +1

    Isnt the point of this podcast to get a wide range of views? I liked this one, lots of general advice for the average person.

  • @Bobventk
    @Bobventk Před 3 měsíci +28

    This guy is a fake smart guy

    • @boysent
      @boysent Před 3 měsíci

      He seems like a dumb guy's idea of a smart guy.

    • @davidlynch4971
      @davidlynch4971 Před 3 měsíci +10

      Yeah... This is the first time I'm watching this podcast... I was totally not expecting someone this oblivious and backwards... So narcissistic but friendly.... So close to the cusp of a real insight but drawing conclusions that are so far away from anything meaningful...

    • @Bobventk
      @Bobventk Před 3 měsíci +5

      @@godparticle4883 I’ve listened to him speak directly on a few podcasts and say blatantly false things repeatedly. What better way would you suggest i “do research” on him than literally listen to him speak with his own mouth?

    • @Bobventk
      @Bobventk Před 3 měsíci +4

      @@godparticle4883 great businessman. Well aware. Thats made even more obvious by the fact that he is selling so many books by saying false things and catering to midwits. But that is relevant to the issue… how, again?

    • @davidlynch4971
      @davidlynch4971 Před 3 měsíci +4

      @@godparticle4883 At some point, I imagine you're going to figure out that conflating the size of someone's bank account with their intelligence/ insightfulness is going to lead you to laughably bad answers more than 50% of the time... nobody's forcing you to make this type of unforced error...

  • @minato.namekaze.47
    @minato.namekaze.47 Před 3 měsíci +2

    Loved the podcast! Great insights from Prof. Galloway.

  • @wackytheshaggy
    @wackytheshaggy Před 3 měsíci +4

    This is some of the dumbest shit I’ve ever heard. “I broke my first marriage, but it was worth it?” That is not a edgy take that is just flat out dumb.
    He is so in love with himself. And desperately wants you to know how great he is.
    I had no idea who he was, and after this looked him up. He does marketing. What a joke.

  • @MN-wg8qd
    @MN-wg8qd Před 2 měsíci

    I love this and see things pretty much the same way he does. I'm not into grinding out 80 hour weeks ever though. That said, I think the FIRE community has gotten soft. You've gotta put in the work early on and it will probably suck, but there is no way around it.

  • @i-postm4943
    @i-postm4943 Před 2 měsíci

    Thanks for this wonderful show. Academic research is a great planning guide. This guy added a dose of reality to that. He showed that one can still be successful financially despite "life happening" and having parents who aren't able to give their children a great start. Love his transparency and caring about the younger gens.

  • @Bobventk
    @Bobventk Před 3 měsíci +24

    “5 random stocks in the sp500 have never lost money after 10 years.” What?
    “We aren’t used to living past 30.” Blatantly false. Child mortality used to drag down the averages

    • @zekeboz5533
      @zekeboz5533 Před 3 měsíci +5

      this guest is a quack. it's "normal" to work 6 / 7 days a week in order to set yourself up for a financial future. lol...

    • @SomeDudeQC
      @SomeDudeQC Před 2 měsíci +4

      He's not very smart eh? He's selling his survivors bias as a rule of thumb.

  • @niranmojo
    @niranmojo Před 3 měsíci

    Every time Scott Galloway mentioned Ben’s age. I couldn’t help but chuckle. 🤭
    The best part was Ben bringing it up and asking Scott to guess his age. I guessed 34 i was close it’s 36.

  • @cyclingphilosopher8798
    @cyclingphilosopher8798 Před 3 měsíci +3

    Interesting perspectives, but a little too condescending towards mr Felix in my opinion.

  • @zacharyanderson5878
    @zacharyanderson5878 Před 3 měsíci +1

    I watch a lot of your stuff and generally podcasts on youtube, this has definitely been the best interview Ive heard for a long time. From 🇯🇲

  • @user-dm84
    @user-dm84 Před 3 měsíci +1

    Wow! Great crossover!

  • @notKhalid
    @notKhalid Před 3 měsíci +2

    this pod reminds me so much of the book 'psychology of money' by morgan housel, great guy galloway.

    • @freedomlife3623
      @freedomlife3623 Před 3 měsíci +1

      Hahaha, many of what Galloway promotes are opposite of Housel. Morgan is insightful and humble, Galloway full of himself.

  • @michellehoque465
    @michellehoque465 Před 3 měsíci

    Such a great interview! Thank you for bringing on Prof G. I need to start listening to Prof G show podcast and put this book on my reading list.

  • @Lee_Aeon
    @Lee_Aeon Před 3 měsíci +13

    Galloway has no idea what wonderful teachers you both are, impacting more lives that he ever did. I found his attitude a little disgraceful, while yours was professional and full of modesty. I hope you don't invite him in your future podcasts, he is not worth it.

  • @virtualhaematology
    @virtualhaematology Před 3 měsíci

    Listened twice as each segment had something thought provoking to reflect on (especially fears around raising kids)

  • @Prawn_Champion
    @Prawn_Champion Před 2 měsíci

    I hope Ben Felix listened to his advice and put some money into diversified index funds 😅 also 32:48 the most shade thrown haha.

  • @MrLiguinii
    @MrLiguinii Před 3 měsíci +9

    A bit too american for my taste.

    • @EvilGenius007
      @EvilGenius007 Před 3 měsíci +1

      As an American I couldn't agree more.

  • @brock8232
    @brock8232 Před 3 měsíci

    Great talk!

  • @negoforex8534
    @negoforex8534 Před 3 měsíci +3

    How old is Ben?

  • @flammmenspeeryt9184
    @flammmenspeeryt9184 Před 2 měsíci +1

    That was the worst RR episode I have ever heard.

  • @Abridoda
    @Abridoda Před 13 dny

    This guy speaks on bsv conference. Rofl

  • @hugomartin6663
    @hugomartin6663 Před 3 měsíci +2

    🤮🤮🤮

  • @MatheusBauer
    @MatheusBauer Před 3 měsíci

    Am I dreaming?

  • @jonathankr
    @jonathankr Před 3 měsíci +2

    When i heard ben was 25, i was in awe. I thought he was a sudden genius! Now i think he is just gifted. Lol. Love ya Ben!

  • @nobobonobo
    @nobobonobo Před 3 měsíci +5

    Why this dude keep repeating antiwhite propaganda?

    • @nobobonobo
      @nobobonobo Před 3 měsíci +2

      Found the reason.
      From wikipedia: "His mother, a Jewish immigrant..."

    • @owlegrad
      @owlegrad Před 3 měsíci +6

      Whaaat? Must have missed that part…

    • @Austin-fc5gs
      @Austin-fc5gs Před 3 měsíci +17

      Youre calling yourself out with those comments. Yikes

    • @napalmG-wy1rx
      @napalmG-wy1rx Před 3 měsíci +1

      Based. Didn't listen to the podcast and im not going to because the comments make it sound cringe. But based calling out the juice like this.

    • @napalmG-wy1rx
      @napalmG-wy1rx Před 3 měsíci +1

      @@Austin-fc5gs They disproportionately are responsible for anti White movements and the proliferation of anti White attitudes.