Mr. Galloway is a true teacher.

@ELDTAdventures-tp9jy

25 күн бұрын

who gave $100k to AOC . . .

You know James I've heard of Scott on your pod many times before. I think this is the first one where you have more of a KZread presence. And look at how many more comments this episode has versus an average one. Scott's message and speaking is clearly moving a lot of people men and women alike. Interesting

@TheJamesAltucherShow

Ай бұрын

Thank you!

Phenomenal interview. Should be taught in schools and spoken of every high school graduation. Thank you

@jutman17761

Ай бұрын

There is a reason it won’t be…

@TheJamesAltucherShow

Ай бұрын

Maybe one day...

James you’re a great business podcast host, IMO cause you’ve got a wide range of real world entrepreneurial experiences + you’re a writer + a chess player meaning you’re able to mix various intellectual bottles which make for a fine conversational cocktail! 👍

@TheJamesAltucherShow

Ай бұрын

Thank you! Glad you enjoyed the show!

Wow! This was such an insightful conversation. Thank YOU James/Scott! 🙌🏻

@TheJamesAltucherShow

Ай бұрын

Thank you so much!

I love that the algorithm fed me this. Great pod 🧡

@TheJamesAltucherShow

Ай бұрын

Thank you!

Excellent heart felt interview.

This is one of THE BEST pods I’ve heard EVER!

@TheJamesAltucherShow

Ай бұрын

Thank you so much!

This is extremely useful conversation. Thank you Scott Galloway and Mr. Altucher!

@TheJamesAltucherShow

Ай бұрын

Our pleasure!

An analysis of Canada would be welcomed.

21:00 my parents kicked me out. Let me sleep in my car for a season. I got a job and started making better choices.

No pretention just honest dialog.

Wish Id been able to listen to. This guy in my 20s. I've made similar mistakes.

Some jobs the top 10% make exactly the same as the bottom 90%. Union meat cutters make the same, unless you move to a different state. You’ll have to own your own business to make more than what the union rate is.

First!

Scott's insights on 'The Algebra of Wealth' emphasize the profound impact of building networks with high-quality individuals. It's a powerful reminder that our connections can significantly enhance our 'luck' surface area and open up new pathways to success.

@TheJamesAltucherShow

Ай бұрын

Thank you so much!

6 or 8 percent yearly interest on deposits or dividend funds, how much after tax?

What is the iron melting business? That sounds fun!

22:36 Scott’s advice is for people who are already mostly successful. He struggles to address the every man type person. He’ll admit he was lucky with his trajectory and doesn’t know how to repeat it or how it actually happened. Great discussion though.

@MartymcFly-zz2pg

21 күн бұрын

Hes in club med.

27:36 When you grow up with very little money, you tend to hyper-focus on economic security. Kids, who never struggled with the looming threat of poverty, will probably never develop the deep desire to over achieve or take risks for upward mobility.

He said he emailed the alumni of Tao? What is that?

I think Galloway is a unique teacher. His advice is interesting and different. But he ain't talking to guys like me. Despite coming from a single mother household (like me), he described his 20s in very...VERY waspish terms. He had a super smart mom and had tons of mentors and upwardly mobile people around him. My parents had nothing to teach. I was marginally employed, no mentors, and mostly homeless for 20 years until I got my shit together. Saving and investing money, although smart, would have been a complete fantasy for me. Upper-middle class kids, listen to this guy and take notes. For you knockaround guys like me, find someone dumber to motivate you.

3 subway stops into brooklyn is still high priced yo.. get with the times XD

Family from New York, all left as soon as they could. Absolutely would never consider living in NYC ever.. Agree that NY might have greater opportunities, but perhaps counterintuitively, thus goes to show those outside of that place that have less opportunities and are successful are probably better at translating opportunity into actual success. Not trying to compete to live in an area subsidized by the kids of Chinese billionaires

Tulsa was a bad example. Tulsa is on 🔥

Kids change everything. You think you know until you're holding a soul who is completely dependent upon you.

@TheJamesAltucherShow

15 күн бұрын

Yes, kids are wonderful too.

I am the key master

Nothing this man says amounts to much ore than "be born before my generation destroyed the world." Oh, and index funds.

Not everybody moves to NYC with the sole intention of getting rich. Had NYC only attracted those types of people over the past few decades, the city would never have built the name it now has. The arts are what made this city cool let’s not forget….not the finance bros who worked at Morgan Stanley. The problem is not the arts have pretty much left as they can no longer exists in this city so what we have is a lot of people who are already rich, and a lot of people trying to join the club. Nothing wrong with trying to get rich of course but the sole has been stripped from the city as a result.

@DelroyGill

Ай бұрын

But you have to be “richer” than 90% of places in the USA even to attempt to live here

@thru_and_thru

Ай бұрын

@@DelroyGill yep that is how it is today. The days of moving to NYC for artist (who are not supported by their parents) are pretty much over.

As a white guy I think these folks are a bit delusional. I do really well but the reality is not everything people do fro work is rewarding. If you want to make money by "financial gimmicks" then I agree NY is your place. On the other hand if you do real work like the trades, teaching, Info Tech, legal, medical at the worker level you will never be rewarded significanly nor will be wealthy most of the time. I did a long tech stint at Bloomberg. I always laugh about the "5 people you know..." theory, its always spoken by people that make their money running financial gimmicks, You know stock, hedge funds, real estate, tech start ups founders, etc.Love to what the top 10% of HVAC professionals, Teachers, Firefighters make in NYC.... Sure that will get you far. Lastly, they want everyone to believe that life is a zero sum game, its not...for most of the world.

You cannot achieve your personal financial success while your country achieves financial default

Good interview and thoughtful questions. However, I stopped about halfway through because I was so tired of looking at the top of your head. I suggest you imitate Scott and look straight into the camera.

@EricBoston1992

25 күн бұрын

I usually just listen while doing dishes/chores, driving, DoorDashing, working, etc. Because there’s not much visual value to discussions/interviews like this that I listen-to/watch: usually on topics like personal dev, economics, investing, crypto, history, politics, philosophy, etc. - I can either sit on my butt & stare at a guys face & shoulders, or just listen while I’m doing other productive things.

@devp895

21 күн бұрын

lol 😂

@Merritt_Life

20 күн бұрын

Don’t watch just listen then dummy

This guy attracts money honey to flies.

23:30 "in an industry that will pay well" - this is survivorship bias. You can't tell in advance which industries pay well. Any industry that everyone knows pays well will attract so many people that it either no longer pays well or it has a super high failure rate.

yea james three hundred a month?? twenty four years ago?

@TheJamesAltucherShow

Ай бұрын

Yes, it's hard to believe right?

@TAGraham

Ай бұрын

@@TheJamesAltucherShow wild, 2.5 decades and 800-1000%

Huge opportunities in trades jobs? Spoken like a filthy rich New Yorker. I live in a working class burb of Chicago. Most of the guys I know are in trades. Tough way to bread on the table. Yeah, maybe 1 in 10 has his own business and makes a decent living but nothing like what Scott made a killing at. Give me a break

@Matanumi

Ай бұрын

Yeah.... totally depends on the city and the trade. Union or not etc. As someone who works on the industry I see it all- broke TFWs doing labour (or women even) and the richest bosses flaunting their formen lunches. Its all over the place on who makes money and who doesn't

@kambasuvereroberson-vc7yf

Ай бұрын

Scott the man!🎉

@kambasuvereroberson-vc7yf

Ай бұрын

Scott the man!🎉

@kaligirl1980

Ай бұрын

In the SF Bay Area, HVAC professionals and electricians can make six figures after they get the commercial experience. I guess it really comes down to where folks in trades live and work.

@rafalrocks

Ай бұрын

@@kaligirl1980 sure ofc. This is realistic. Also, you’re not breaking the bank making that in SF

Stockholm

“For the majority of our time on this planet our species has not lived past 35” - see this is what annoys me about Scott sometimes. Great insights generally but he is the embodiment of a western hardcore capitalist when it comes to the breadth of his knowledge. Life before America and market capitalism was not all medieval plague ridden societies, Scott. Humans were able to live healthy, relatively peaceful lives all over the place, from hunter gatherer societies to agricultural ones, from Japan to Aboriginal Australia and Patagonia. It’s a pedantic niche point, but I do think it speaks to Scott’s penchant for sweeping statements

This guy lives in a Bubble LOL

just like topic he chooses mr. G goes out of focus....

Western arrogance to think London & Amsterdam only worth it cities in Europe - Vienna, Prague, Budapest, Warsaw - these cities are top notch

@MegaMOUNDS

26 күн бұрын

It's not arrogance, it's from experience. There's also nothing 'western' about it.

@danieldpa8484

26 күн бұрын

@@MegaMOUNDS “experience” staying in your own bubble is no experience at all, it’s arrogance

@MegaMOUNDS

26 күн бұрын

@@danieldpa8484 Warsaw can't hold a candle to London's finance industry or opportunity, champ.

@tertainment414

20 күн бұрын

I think you're being arrogant here. He's not talking about the cities which are "worth it". There are plenty of great cities that are worth living. What he is talking about is living in the hyper commercial cities of the world like New York City, London, Hong Kong, Tokyo etc.

This dude only cares about Kids in New York lol

I like Scott but he’s no economist. The stock market is not the economy, equality is rising, spending power is down. His wealth privilege is showing. Has no idea how the working and middle class live anymore

Where is the beef? Get to the point. Going all over the place.

These guys are broke and giving financial advice Wow seriously !!!

You can't truly possess real sustenance, wealth, and wisdom without living according to the Holy Torah - the Tree of Life reality.