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Appearances Over Time

Podcast Appearances

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Enough with Sam Altman going to these Senate hearings and saying, I don't have any financial stake in OpenAI. I don't care about making money. Like, everyone cares about making fucking money here. And that's okay. It's not a bad thing. But we don't need to just pretend that it's like some sort of charity. It's not. It's a company.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Enough with Sam Altman going to these Senate hearings and saying, I don't have any financial stake in OpenAI. I don't care about making money. Like, everyone cares about making fucking money here. And that's okay. It's not a bad thing. But we don't need to just pretend that it's like some sort of charity. It's not. It's a company.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Enough with Sam Altman going to these Senate hearings and saying, I don't have any financial stake in OpenAI. I don't care about making money. Like, everyone cares about making fucking money here. And that's okay. It's not a bad thing. But we don't need to just pretend that it's like some sort of charity. It's not. It's a company.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

And to clarify, Elon Musk filed a lawsuit against OpenAI saying, you're not allowed to become a for-profit company, you were established as a non-profit. So to your point, yeah, maybe they're just doing this to make the concession and not have to fight the lawsuit. In which case, maybe the nomenclature engineering is actually a great idea.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

And to clarify, Elon Musk filed a lawsuit against OpenAI saying, you're not allowed to become a for-profit company, you were established as a non-profit. So to your point, yeah, maybe they're just doing this to make the concession and not have to fight the lawsuit. In which case, maybe the nomenclature engineering is actually a great idea.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

And to clarify, Elon Musk filed a lawsuit against OpenAI saying, you're not allowed to become a for-profit company, you were established as a non-profit. So to your point, yeah, maybe they're just doing this to make the concession and not have to fight the lawsuit. In which case, maybe the nomenclature engineering is actually a great idea.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Let's talk about Warren Buffett, who is retiring as the CEO of Berkshire Hathaway. Yeah. A pretty big moment in the business news world, Scott. I think you made this point when we were talking that CNBC is going to have like a seven-day wake for the guy. He's not dead, but he's retired. Technically speaking, it shouldn't be a big deal because the guy's 94 years old. He said he was going to retire.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Let's talk about Warren Buffett, who is retiring as the CEO of Berkshire Hathaway. Yeah. A pretty big moment in the business news world, Scott. I think you made this point when we were talking that CNBC is going to have like a seven-day wake for the guy. He's not dead, but he's retired. Technically speaking, it shouldn't be a big deal because the guy's 94 years old. He said he was going to retire.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Let's talk about Warren Buffett, who is retiring as the CEO of Berkshire Hathaway. Yeah. A pretty big moment in the business news world, Scott. I think you made this point when we were talking that CNBC is going to have like a seven-day wake for the guy. He's not dead, but he's retired. Technically speaking, it shouldn't be a big deal because the guy's 94 years old. He said he was going to retire.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Now he's retired. He's even still staying on as chairman of the company. But I think the reason that it's important is because the reaction has been so gigantic in the news and in social media.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Now he's retired. He's even still staying on as chairman of the company. But I think the reason that it's important is because the reaction has been so gigantic in the news and in social media.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Now he's retired. He's even still staying on as chairman of the company. But I think the reason that it's important is because the reaction has been so gigantic in the news and in social media.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Because I think that what that tells you is that there was something about this guy, this seemingly regular dude who lived in Omaha, Nebraska, whose favorite food is a quarter pounder with cheese from McDonald's. Something about him just captured people's imaginations. And I don't think it's just that he was rich.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Because I think that what that tells you is that there was something about this guy, this seemingly regular dude who lived in Omaha, Nebraska, whose favorite food is a quarter pounder with cheese from McDonald's. Something about him just captured people's imaginations. And I don't think it's just that he was rich.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

Because I think that what that tells you is that there was something about this guy, this seemingly regular dude who lived in Omaha, Nebraska, whose favorite food is a quarter pounder with cheese from McDonald's. Something about him just captured people's imaginations. And I don't think it's just that he was rich.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

You know, you got Larry Ellison, you got Steve Ballmer, you got Sergey Brin, all these guys who made as much or more money than him. None of them have had anywhere near the level of impact that he's had. And I guess I've just been thinking like, you know, what do people love about Warren Buffett? What has made him such an iconic figure in our industry? I think it's two things.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

You know, you got Larry Ellison, you got Steve Ballmer, you got Sergey Brin, all these guys who made as much or more money than him. None of them have had anywhere near the level of impact that he's had. And I guess I've just been thinking like, you know, what do people love about Warren Buffett? What has made him such an iconic figure in our industry? I think it's two things.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

You know, you got Larry Ellison, you got Steve Ballmer, you got Sergey Brin, all these guys who made as much or more money than him. None of them have had anywhere near the level of impact that he's had. And I guess I've just been thinking like, you know, what do people love about Warren Buffett? What has made him such an iconic figure in our industry? I think it's two things.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

that are quite rare today and that are especially rare in the business world and in the investing community. First thing is he was a uniquely humble person. This is a guy who's lived in the same house for 65 years. His favorite restaurant is a diner in Omaha.

Prof G Markets
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest

that are quite rare today and that are especially rare in the business world and in the investing community. First thing is he was a uniquely humble person. This is a guy who's lived in the same house for 65 years. His favorite restaurant is a diner in Omaha.