Scott Galloway

To be fair, Elon's locked himself up.

I doubt he's planning to sell.

He'll just borrow against his stock.

But what they've effectively done, which you're not supposed to do, is they've created different classes of shares, which you're not supposed to do.

So again, I find that this is...

This is really inspiring and important and going to be great for economic growth on certain levels.

I also believe that this entire sector is going to have not a collapse, but a pretty serious drawdown when people after two or three earnings calls are forced to justify anything resembling a future that involves the kind of earnings built into this thing.

Quite frankly, that's one of the great things about America because we over-invested in the Internet and the technology survived and a lot of those companies came back and that investment was good, but you didn't want to be one of the investors over-investing initially.

Yeah.

But I said, somebody called me and I said this on Pivot.

Someone called me and said, I have allocation, should I take it?

I said, take it and trade out on the first trade.

This was different because, so first off, trading out,

Trading, you get short-term capital gains at a higher rate.

There's a lot of evidence that shows that just generally with investing, you're better off just buying and trying to never sell.

Trading is a difficult game.

I thought, and I said this, I said, they are going to manufacture a 20% pop.

The bankers and everyone are figuring out a way to create a supply-demand imbalance that will exactly peg this at a 20% pop.

What's impressive and punctures that theory is that it's up another...

11% today.