Confronting Tech’s Titans: Meet the Professor Who’s Schooling Wall Street on Silicon Valley

Featuring Professor Scott Galloway

From accurately predicting the recent price action of Bitcoin to foreseeing Amazon’s purchase of Whole Foods, Scott Galloway, NYU Stern Professor and author of “The Four,” has proven to be one of Wall Street’s most clairvoyant commentators. In this interview with Datatrek’s Nicholas Colas, the two discuss which tech titan will topple Apple to become the world’s most valuable company, what the future holds for social media and the dangers of cryptocurrencies. Filmed April 24, 2018 in New York City.

Published on
4 May, 2018
Topic
Technology, Bitcoin, Trading
Duration
49 minutes
Asset class
Crypto-currencies
Rating
55

Comments

  • JC

    John C.

    5 8 2018 17:23

    0       0

    Real Vision: Not being familiar with the Professor, I would like to see this gentleman back on Real Vision in 12 to 18 months. Presentation style is very polished. However, as one of the commentators said below the professor’s main themes on almost everything he spoke about was how “this time it is different”. Time will revel the veracity of his thought processes.

  • DC

    Daniel C.

    1 8 2018 09:45

    0       0

    Great interview and I had to re-watch to remind myself of all the lessons. However, he is calling for breaking up big tech but also mentions how Twitter is ripe for an acquisition. If this does happen, who would it be other than these already bloated tech giants?

  • LT

    Lucas T.

    6 6 2018 02:48

    1       0

    This guy thinks with a hammer. I am not entirely sure how he laid the blame for society becoming more income unequal at the feet of four companies when you could much more easily lay it at the feet of the Fed, or corruption, or any number of things.

  • NA

    Nickle A.

    21 5 2018 15:41

    1       1

    Great interview. More of this guy.

  • BK

    Brian K.

    14 5 2018 16:42

    1       2

    Does he really think FB could be split up, and whatsapp its own company ? I don't think so

  • SS

    Sid S.

    13 5 2018 02:08

    3       0

    Amazing insights, we need more from prof. Galloway. Realvision continues to exceed expectations

  • BL

    Bruce L.

    11 5 2018 15:40

    5       0

    Brilliant discussion and by the way Colas makes a wonderufl interviewer

  • WA

    WAYNE A.

    11 5 2018 04:16

    0       0
  • DC

    D C.

    10 5 2018 21:37

    1       0

    If only he could speak a little faster...

  • JM

    James M.

    10 5 2018 16:29

    0       0

    Excellent video IMO from the interviewer and the professor.

  • JO

    John O.

    10 5 2018 16:19

    1       0

    Anyone still submitting themselves so entirely to Google (as he describes early on) is crazy. They know way more about you than Facebook, including all your physical movements. No Google Search, no gmail, no Google Plus, no Chrome.

  • TS

    Thomas S.

    10 5 2018 15:09

    1       0

    Interesting interview. But to assert that BTC rallied on the possibility of electing an alleged pedophile to the senate was a revealing conflation of correlation with causation. Maybe people really are so ignorant and unaware, but if that assertion were true BTC would have blown through six figures a long time ago.

  • AG

    Abhimanyu G.

    9 5 2018 16:22

    2       0

    Great interview, elevated by a very good interviewer.

  • DW

    Doug W.

    8 5 2018 14:59

    1       0

    Great interview. The professor Is well read and knows his stuff! He also showed humility in the interview which I found refreshing. If my daughters look for an MBA program we are going to look at NYU.
    One thing I disagree on his Facebook Senate hearings were really not that big of a deal. It was all a charade. He is quite right that they asked stupid basic questions. It was only appease their constituents.

  • RA

    Robert A.

    7 5 2018 22:17

    9       0

    Great “brainstorming” interview that can lead to discussion on one point after another. IMO, this interviewer very much led to the effectiveness of this presentation. He was VERY familiar with his interviewee (having read all of his work) and knew exactly the ground he wanted to cover in the time allotted that would be of most interest to us. Curation and interviewing technique at its very best. Please allow him to cover other topics that he would like to present to us—unless he defects to 60 Minutes.

  • Sv

    Sid v.

    7 5 2018 17:52

    1       0

    EXCELLENT!!!

  • DS

    Dan S.

    7 5 2018 08:52

    13       0

    This was a very interesting and enjoyable interview to echo some of the other comments. But it left me nagging thoughts. I had the words of the late great John Templeton banging around in my head as I ruminated on what I had heard.

    “The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.”

    It is very compelling to say we have reached a point where technology has changed the investing landscape and the old rules do not apply...seductive to some. The Teslarians for instance are waiting for the heroic visionary to turn his epic flame thrower onto those dry boring question asking short sellers and analysts.

    The Professors thesis was the FANG’s would need to be broken up because in old video game parlance they had clocked the game was interesting. In other words they have defeated the old economy and only regulation will stop them. In my humble view he seems to be looking at these companies with far too much awe and not enough suspicion that they could be castles made of sand.

    In the 1840's railway was the great new technology that was revolutionizing the world (core truth). But this lead to thousands of miles of unneeded railway tracks being laid (over optimism). Investors got caught up in the speculative frenzy to avoid FOMO (Mania)

    The roaring twenties saw amazing technological development in areas of commercial airplanes and radio that were changing peoples’s lives(core truth). Everyone knows the 1929 result of this speculative orgy.

    The 60's and early 70's saw the "Nifty Fifty" where a core group of market companies became the stock market darlings and marched relentless up for almost a decade. Some of these stocks went on to become innovative companies for many decades to come e.g. 3M (core truth) some disappeared altogether when the market crash destroyed the paradigm of invincibility

    Black Monday with financial innovation with portfolio insurance seemed to usher and era where loses were cast aside until they weren't.

    Japan in the late 80's was developing world class brands (which China will also do - good response from Nicholas) in electronics and autos (core truth). The narrative that Japan was going to become the world’s number 1 economy was widely believed as inevitable and speculative fever blew massive twin bubbles in the Nikkei and land.

    The Dot com bubble ushered the age of the internet and online which would revolutionize the world yet again and produce Amazon (core truth). But like the railways endless miles of surplus to requirements fibre optic cable was laid. Any company that tacked on "dotcom" to their business saw their stock price super charge (Crypto?). Hangover yet again

    And then in 2007/08 the bedrock of western society the family home was financialized and turned into cash generating machines. The narrative "House prices can't go down" was the mantra.

    The uneasy feeling I got from this interview was the view was that the war has already been won and these companies had captured the “old economy” and will spend the next few years strip mining and acquiring what is left. The only question seemed to be how the spoils would be shared out amongst them. Again I sense hubris and think of Sir John’s timeless rules….

  • RA

    Ricardo A.

    7 5 2018 07:56

    2       0

    Excellent interviewer (and interviewed obviously).

  • YB

    Yuriy B.

    7 5 2018 03:04

    1       0

    phenomenal interview - thank you Real Vision

  • GS

    Gordon S.

    7 5 2018 01:27

    0       0

    Great interview! To answer that question though:

    "But long-term, what Chinese brand-- name a global Chinese brand. Can you name one?"

    DJI. They are killing everything in drones and enter every cinema and video market out there. The growth of this company is incredible (unfortunately it's still private).

  • ZY

    ZHENG Y.

    7 5 2018 01:15

    0       0

    Great interview, RealVision always know to find people from different concept...broaden my view compare to my peer. Recently, reduction on membership fees make send a lot of invitation to my peer. haha

  • GS

    George S.

    6 5 2018 22:18

    3       0

    Stunning interview!

  • SH

    Scott H.

    6 5 2018 14:27

    1       0

    I would like to have heard the Prof’s thoughts on how broken up US big tech would compete with Chinese tech and the advantage the Chinese have already with big data. Tencent, Alibaba & Baidu already have 1.3 bio people to data mine everything from payments, chats, facial recognition, search terms with full government backing. With big AI advancements still to come breaking up big US tech now may give the Chinese the ‘big leap forward’.

  • PC

    Peter C.

    6 5 2018 07:08

    3       0

    Curious if you had opinion on Professor Galloway's belief that Amazon has a strategic advantage over if competitors because it doesn't need to make money for Wall Street?

    This interview was excellent & typical of Galloway.

  • MM

    Mark M.

    6 5 2018 01:59

    3       2

    That was a very captivating insight into the world of big tech, the big players
    I just watched that twice, love to have a beer with Professor and watch the red head get the shit kicked out of him

    Professors "Gangtsa" style Love it!

  • AS

    Alex S.

    6 5 2018 01:32

    5       0

    More like this please - right or wrong he’s incredibly engaging and insightful. Makes RV worth the $.

  • AD

    A D.

    6 5 2018 00:55

    2       0

    I was looking for the 0.5x button at first, but then got into it and enjoyed it, good stuff RV.

  • UB

    Umberto B.

    5 5 2018 22:18

    3       0

    I am 15 mins in the interview and I think it is an absolute must watch, even if one disagrees with everything being said.

  • MS

    Matt S.

    5 5 2018 22:12

    1       0

    Despite all that...... it was an interesting discussion.

  • MS

    Matt S.

    5 5 2018 21:40

    4       0

    Anyone who actually believes that Facebook was "weaponized" by the Russians is a buffoon.

  • CM

    C M.

    5 5 2018 21:29

    7       0

    Will also add, when the interview started, I thought it wasn't going to be worth my time...just a academic generalist talking blue sky about technology. However, the interview picked up speed with some excellent questions and push back from Nicholas Colas. Well worth the time to watch.

  • CM

    C M.

    5 5 2018 21:16

    3       0

    My issue with Facebook is that my daughters, in their 20s, don't use it anymore. I also find that I rarely go to FB. My wife is on it everyday. So that is a loss of 75% of market share in my household.

  • MS

    Matt S.

    5 5 2018 21:07

    1       1

    "we guarantee you our platform will not be weaponized by bad actors" - here we go... Russian election hacking BS again?

    Just an excuse for you know who to start censoring speech they don't like, that doesn't fit the narrative.

  • MS

    Matt S.

    5 5 2018 20:56

    3       5

    They should be sued for the content on their platform.

    NO!!! It's user generated content so it should be left the hell alone.

    Who gets to decide what's right or wrong anyway? Oh yeah, that's the right - the left; SPLC, ADL and all the other bad eggs.

  • CL

    Charles L.

    5 5 2018 19:26

    0       1

    Why does he wear glasses? He clearly does not need them. Self-promotion?

  • MT

    Michael T.

    5 5 2018 19:11

    4       0

    Loved this interview. I think it's a great idea to interview professors at the forefront of business strategy.

  • PG

    Philippe G.

    5 5 2018 17:29

    4       0

    Phenomenal!

  • RE

    Rachel E.

    5 5 2018 15:43

    0       0

    I’m truly amazed how people behavior don’t change, no matter in 1800, 1900, 2000 0r 2018.
    25 T credit from thin air plus 10:1 leverage, has to go somewhere.
    We will never learn........

    Dance to music ............

  • JD

    John D.

    5 5 2018 10:53

    5       0

    A Gem ...

  • KS

    Kashyap S.

    5 5 2018 10:09

    8       2

    At the height of the dot-com bubble:

    "We humbly submit that over the next two to three years, Cisco could be the first trillion dollar market cap company--and don't think they wouldn't love it," - Credit Suisse analyst (source: https://www.bizjournals.com/sanjose/stories/2000/03/20/story2.html)

    At the height of the 2018 everything bubble:

    "And when Amazon starts going from $1,300 to $1,500 per prime household... the market's going to go crazy and take this thing over a trillion dollars. So, yeah. Most valuable company in the world within 24 months is Amazon." - Scott Galloway

    Famous last words, Scott.

  • JC

    John C.

    5 5 2018 10:03

    18       0

    Forgot to add that the interviewer Nick Colas did a very good job here asking the right questions and moderating the discussion as well.

  • JC

    John C.

    5 5 2018 10:01

    7       0

    Simply outstanding. I have not gotten that much value out of a video in awhile and that's saying a lot given the quality we see here on RV typically. Just an amazing insight into what's really going on with Big Tech, regulation and the future of technology.

    Really good stuff great work RV!

  • TD

    Tom D.

    5 5 2018 09:53

    4       0

    Galloway is a boss, he is consistently shown in our MBA class.

  • WP

    William P.

    5 5 2018 04:49

    6       0

    An exceptional interview.

  • LC

    Luiz C.

    5 5 2018 00:07

    13       0

    This is an RVTV top 5 one, and Ive seen 95% of videos since RVTV launch. Wouah, and this guy has charisma!!

  • HH

    HODL H.

    4 5 2018 23:48

    0       4

    Amazon bias? Great interview otherwise

  • MF

    Michael F.

    4 5 2018 21:46

    7       7

    Probably a valuable presentation but this guy's theology threw me off. I doubt I would confuse the creator of the universe with Google.

  • fc

    frank c.

    4 5 2018 20:31

    3       0

    fantastic

  • TJ

    Terry J.

    4 5 2018 18:53

    9       0

    Awesome and totally absorbing video! RVTV just keeps pushing the envelope with endlessly interesting insights and opinions. I hope you invite Professor Galloway back in the future as he is so different from the typical market commentator.

  • gd

    gerald d.

    4 5 2018 18:51

    1       0

    I definitely dont know much about tech, I dont touch that market. Speaking as a layman on the subject it was very insightful. very interesting

  • SH

    Steve H.

    4 5 2018 18:11

    3       0

    Excellent interview.

  • JL

    James L.

    4 5 2018 18:07

    12       0

    I wish I could thumbs up this interview like 700 times.

  • DK

    Damian K.

    4 5 2018 18:01

    17       0

    Super good! Liked the style of the interviewer as well, ie well-researched questions, staying mostly quiet so not to disrupt the flow of the interviewee and knowing when to push back a little. Thanks!

  • SD

    S D.

    4 5 2018 17:30

    7       0

    Galloway is gangsta! Very generous contribution from The Professor. Very competent interviewing. Thank you.

  • MC

    Minum C.

    4 5 2018 16:52

    3       0

    I really enjoyed this interview. The confidence with which Professor Galloway expresses his opinions is a very powerful sales tactic.

    Referring to large multinational firms, Mr. Galloway states "their job is to grow their earnings, grow their top line, and create economic value and security for the families of their shareholders and their employees and they are doing that in spades". I was taught to believe their "job" is to maximize stakeholder value which is rather different than maximizing shareholder and employee value. Mr. Galloway later states "breaking these guys up would create more civic responsibility, be better for the tax base, better for hiring, better for the planet" which I think more or less confirms their job is actually to create stakeholder. Or else risk getting broken up as a result of direct or indirect societal demand.

    He later states that a company such as Amazon is adding a Walmart market cap every 12 to 18 months by running the business at break even and suggests this sort of thing is a sustainable phenomenon. I found this comment interesting when one considers his earlier comment about having learned a painful lesson in 2008.

  • MS

    Martin S.

    4 5 2018 16:08

    6       0

    Great interview! I enjoyed it very much. One point though - during the discussion of bitcoin, Professor Galloway mentioned that bitcoin might shoot up as young people become disenchanted with the current financial institutions. I believe that it is not only young people who are becoming disenchanted. Many older people are, too. It seems to me like there is a large and possibly growing group of people across all age groups who desire and are hoping for fairer, more honest, decentralized financial services such as those that cryptocurrencies might provide.

  • KK

    Keeno K.

    4 5 2018 16:00

    7       0

    Brilliant interview, great work guys!

  • EL

    Eugene L.

    4 5 2018 15:19

    7       0

    Wow. Another video that's a total perspective shift.

  • PR

    Pedro R.

    4 5 2018 14:55

    5       0

    Very good interview.

  • js

    jacob s.

    4 5 2018 10:30

    25       1

    This interviewer is great.