The Rate Hikes Are Coming

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Prof G Markets 1h 16m 5 speakers 3 chapters transcribed 1 hour ago
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Unknown 0:01
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Ina Garten 0:38
I'm Ina Garten. I have a new podcast called Happy Hour with Ina. Each week I'm inviting a really interesting guest to join me for a drink and a fun conversation at my kitchen table in New York City. I'll be getting personal with actors, chefs, comedians, musicians, and writers I admire. So grab a snack, pull up a chair, and join us. You can watch by searching for Happy Hour with Ina on YouTube or listen wherever you get your podcasts. Don't we all need to have more fun?
Unknown 1:15
I'm Mitch Purse, and this week on Confessions of an Elite Athlete, I'm sitting down with Matt Fries, goalkeeper for the U.S. men's national team and New York City FC. We discuss how to prepare for one of the biggest moments of your life. You can hear it all by listening to Confessions of an Elite Athlete on YouTube or wherever you get your podcasts.
Ed Elson 1:40
Today is number 95. That's the percentage of finance students who identify as straight. The most of any college major. True story, Ed. My ex-wife decided we should have an open relationship and the rules were we could have sex with anybody and we would never see each other
Unknown 1:56
again.
Ed Elson 2:08
How are you, Ed? Doing very well. How are you? I'm doing well. It's a beautiful day here in London. I'm unfortunately heading out again on Sunday to the West Coast for my first Regents meeting, which I'm excited about. Yeah, maybe explain a little bit the situation there. Oh, Ed, I don't like to talk about that stuff. I wish you hadn't brought it up. I wish you hadn't brought it up. Now we're talking about all kinds of interesting stuff. But what are the regions? What is that? The regions are the board of directors that oversee the University of California. And what I didn't realize, and most people don't realize, is that it's a $54 billion enterprise and about $35 billion of it is the hospital system. Basically, the University of California could be fairly called...
Ed Elson 2:50
a hospital system or healthcare system that offers classes. I did not know that. I did not know that either. It's also the greatest economic elevator in history, which is why I'm excited to be on. Takes more people from the lowest quintile to the top quintile, I think, than, well, maybe Cal State. But it's, anyways, saved my ass. Saved my ass, Ed. Are
Scott Galloway 3:11
there any
Ed Elson 3:11
other
Scott Galloway 3:11
famous people on that board?
Ed Elson 3:13
Who's the company? Not famous, but much more credible. Well, the governor is on the board, the lieutenant governor, Eleni Tsikopoulos. It's kind of a full circle moment. My friend Eleni and I were friends in business school, and she's on the board as lieutenant governor.
Bruno Satin 3:27
Oh,
Ed Elson 3:28
wow. But it's a bunch of very impressive people who, quite frankly, are just more credentialed and substantive. Although I am pissed off, let's bring this back to me. All the media was, Governor Newsom appoints podcaster to Board of UC Regents. Would you describe me as a podcaster? That kind of upset me. What would you prefer to be known as, Professor? Well, I don't know. I've done a few other things other than podcasting. I know, you've
Scott Galloway 3:50
done a lot of things, but that is what you are right now.
Ed Elson 3:53
I would say I'm an academic and an entrepreneur, but anyways. Anyways, but you asked who else is on the board. It's a bunch of, it's people from the finance industry. It's everyone from the vice chairman of UTA, one of the largest talent agencies, to business people, to healthcare professionals, and a lot of the chancellors. I mean, they're technically the CEOs, the chancellors, so they're not on the board.

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