Scott and Ed discuss Huawei’s new challenge to Nvidia, Apple shifting U.S. iPhone production from China to India, and Spotify’s Q1 earnings report. Then Mark Mahaney, senior managing director and head of internet research at Evercore, returns to the show to share his top internet stock picks. He explains why he believes Google is the cheapest of big tech, highlights the strategic value of Waymo, and offers his insights on Uber. He also breaks down what’s driving market enthusiasm around Netflix and Spotify. Subscribe to the Prof G Markets newsletter Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice 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
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Today's number, 50%. That's how much more often British people apologize than Americans do. So I'd like to apologize to all our listeners that I have not yet offended. It's coming. It's coming. Ed, true story. When I started at Morgan Stanley, I was consistently late. And I thought of an interesting apology in the all hands meeting said, I want to apologize for being late.
I was at home not being miserable. Yeah, it's not very good, is it? I got to come up with something better. All right, you talk. I'll find something better. What do you want me to talk about? I apologize for slapping you twice, but I needed to slap both faces. Get it? Two-faced? This is going nowhere, Ed. This is going nowhere. Keep throwing. See if anything sticks.
I promise to do a better job at hiding how much you annoy me, Ed. Finally some truth.
I'm like Don Rickles minus the talent right now. I do love that statistic. I think it's very true. We apologize way too much. You think? In fact, just before we recorded, yeah, I went to the bathroom and then I came back into the recording session. I was like, sorry. And everyone laughed at me. I shouldn't be apologizing for going to the bathroom.
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