Scott and Ed open the show by discussing Disney’s latest round of layoffs, why a private equity firm is taking Walgreens private, and Ontario’s decision to cancel its Starlink contract. They then analyze BlackRock’s decision to buy the ports on either side of the Panama Canal, breaking down why it could be a highly profitable move. They also discuss what Apple’s newest product launches reveal about the state of the company. Scott explains why he’s begun offloading his Apple stock, while Ed makes a prediction about where shares are headed in the next six months. Subscribe to the Prof G Markets newsletter Join us for a live recording at SXSW Order "The Algebra of Wealth," out now Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
Buying a house has long been considered the best way to build wealth and move into true adulting. Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.
Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning wherever you get your podcasts.
Today's number, $145 million. The co-founder of fintech startup Aspiration was arrested last week for allegedly conspiring to defraud his investors of $145 million. By the way, we call bullshit on this company. Four years ago. Speaking of climate change, Ed, what do climate change deniers and pedophiles have in common? What's that? They're both fucking the next generation. Ah, that's good.
Great joke. Yeah, the pedophile stuff never gets old. What's going on with you? What are you up to?
I'm doing very well. I'm in New York. I'm excited for South by Southwest. We're going to be heading over this weekend. Of course, this episode will be out by the time we're there, but I think it's going to be great. You know what I'm really excited for, though, is the flight back. Why is that? Flying with you. Oh, I'm sorry. I meant to tell you that there's just not enough... Not enough seats.
There's only seven seats on the plane. How many seats are on the plane?
I don't know. I haven't counted. I can't go here. There's no way I don't come across as the world's biggest douchebag talking about the number of seats.
You're right. I'm setting you up for failure. How about let's set you up for success here and just talk about this aspiration situation. Because you wrote about this... four years ago.
This is, by the way, one of my first jobs at Prof G Media, was you were talking about this company, Aspiration, and it was my job to go in and do the research because you had this feeling that this company, which was selling credit cards, but also positioned itself as helping with climate change, you said, this is definitely a bullshit company. You had the team look into it.
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