Why Big Tech Is Losing to Boring Stocks
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What is the main topic discussed in this episode?
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That's the average amount American pet owners spent on their pets in a year. True story, my pet parrot died. Last thing he said, shit, I think my parrot's about to die. You have to think about it. That's what I like about that joke.
It's not a head scratcher, it's just a bad one.
It's not that deep, it's just bad.
Talk about the Pokemon card.
You didn't read this? Excuse me? This show's going really well so far. I just got to say, it's clicking. It is clicking. $16.5 million. That's how much Logan Paul sold a Pikachu Pokemon card for on Sunday, which is incredible. But... The more interesting thing was the buyer is Anthony Scaramucci's son.
I did see that. I thought it was pretty ridiculous, but I love Scaramucci. So, you know, I held my tongue on that one, but I'm not sure that was the best use of funds.
I immediately texted him because we're friends and I said, can you adopt me? Yeah.
Where does his son get 17 million bucks? That's a great question. I mean, I knew Anthony was doing well. I didn't know he was doing that well. Unless maybe his son is doing really well. How did Anthony respond to that? I haven't heard back from him.
My guess is he's got a lot of texts about that Pokemon card thing.
Didn't appreciate the comment. What's going on, Ed? I'm doing very well. I'm doing very well. I heard you headed to London. Is that right? I am headed to London on a secret mission with an advertiser. I'm not sure I'm supposed to be talking about it, but I am heading to London.
Does it involve Prince Andrew?
I don't think so. I think he just got locked up.
Yeah, arrested. Can you believe that?
I can. It's pretty crazy that it's surprising. But yeah, it's a long time coming, right? But yeah, I'll be in London. I'm going to the Chelsea game. I'll see Cole Palmer. What about you?
And Ed is going for, at the request of an advertiser, so I'm finally... It's good to see you finally pulling your weight. Yeah, that's right. Well, as well as this banter is going, I say we head to the headlines. I asked you a question. What did you ask me? How's it going? That's your witty banter. It's fine. I'm in Zermatt. I don't enjoy skiing, but it's a beautiful town and I get to hang out with my family. And I've mostly been doing podcasting every day. Did you see AOC was asked a question in Europe about my resistant unsubscribe movement? What did she say? She said, it wasn't exactly like a full-throated endorsement. She said, you know, all of these things are great. And even if they don't work, I'm like, oh, well, thanks to that vote of confidence, AOC.
True politician. She's kind of crushing it right now. Her popularity, especially among young people, is absolutely exploding. She's powerful. She's a powerful young woman. Intelligent, quick on her feet. So you haven't gone skiing once? Or did I hear that wrong? No, no, no. Once. So what's the fun in being in Zermatt then? It sounds like it's just the same routine, but with a different view.
Yeah, that's pretty much accurate.
Yeah.
But here's the thing, Ed, I'm not in charge. You'll see. Just wait. Just wait. You're in a relationship now where you have like 50-50 decision making. Just wait. You just got to smile and get through it.
Get through it. Get through the family ski trip in Zmart. Well, should we get into our docket here? We've got a lot to discuss. Yeah, let's do it. Today, we're discussing why boring stocks are winning in 2026.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–9:58
2
What updates are there on the wealth tax debate?
9:58–10:29
3
How do proposed wealth taxes address income inequality?
10:29–15:52
4
How are billionaires reacting to wealth tax proposals?
15:52–20:17
5
Why are boring stocks outperforming big tech in 2026?
20:17–24:06
6
How is AI becoming a major political issue?
24:06–24:08
7
What are the real costs associated with AI technologies?
24:08–24:24
8
What future challenges might AI pose to the economy?
24:24–1:10:36
Speakers
4 identifiedMore from Prof G Markets
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AI Insiders Keep Saying We’re In Danger — Where’s The Evidence?
Why OpenAI And Anthropic Are Pumping The Brakes