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Published Jan 15, 2024

Carta and the Secondary Market, Bitcoin ETFs, and Scott’s 2024 Investment Strategy | Prof G Markets

Scott Galloway evaluates the transformative impact of SEC-approved Bitcoin ETFs on the crypto market and Coinbase, delves into the ethical and growth potential issues in the secondary markets with Carta's controversies, and shares his 2024 investment strategy focusing on diversification and long-term planning.
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Episode Highlights

  • Wealth Tips

    Scott Galloway provides essential advice for young people on building wealth. He stresses the importance of finding a focus, working hard to excel, and living frugally to save money. Scott advises against trying to pick individual stocks, instead recommending ETFs and low-cost index funds for diversification 1. He highlights the power of time in wealth accumulation, noting that consistent saving and investing can lead to financial security 2.

    The good news is, I know how to get you rich. The bad news is, the answer is slowly.

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    2024 Plans

    Scott outlines his investment strategy for 2024, focusing on reducing his exposure to tech stocks and increasing investments in distressed credit. He explains that current tech stock valuations are reminiscent of past market bubbles, prompting his shift to safer investments 3. Scott shares his personal experience of holding onto Amazon and Apple stocks since 2008, which have significantly appreciated, but now feels it's time to diversify 4.

    I am deconcentrating out of tech and trying to get into distressed credit.

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