End of Year Listener Mail Bag
Learn more about your ad choices. Visit podcastchoices.com/adchoices
Listen and follow along
Transcript
Support for the show comes from Saks Fifth Avenue.
Sacks Fifth Avenue makes it easy to shop for your personal style.
Follow us here, and you can invest in some new arrivals that you'll want to wear again and again, like a relaxed product blazer and Gucci loafers, which can take you from work to the weekend.
Shopping from Saks feels totally customized, from the in-store stylist to a visit to Saks.com, where they can show you things that fit your style and taste.
They'll even let you know when arrivals from your favorite designers are in, or when that Brunello Cachinelli sweater you've been eyeing is back in stock.
So, if you're like me and you need shopping to be personalized and easy, head to Saks Fifth Avenue for the Best Fall Arrivals and Style inspiration.
If you're waiting for your AI to turn into ROI
and wondering how long you have to wait,
maybe you need to do more than wait.
Any business can use AI.
IBM helps you use AI to change how you do business.
Let's create small to business, IBM.
Hi, everyone.
This is Pivot from New York Magazine and the Vox Media Podcast Network.
I'm Kara Swisher.
And I'm Scott Galloway.
It's time for our end of year listener mailbag episode.
You've got, you've got.
I can't believe I'm going to be a mailman.
You do, you've got mail.
We've gotten lots of great questions this year, and today we're going to dig in and answer every everyone we can.
Are you ready for it?
Because you answered a lot of questions.
And we have not heard these questions.
No, we have not.
We are going to hear them and then we are going to react.
It's authentic.
It's clear.
And so we appreciate our listeners.
And we're glad they sent in great questions.
They have sent in great questions.
Anyway, let's kick it off with a question from Jason from Minneapolis.
It's about transportation.
Let's play the tape.
Hi, Scott and Kara.
My name's Jason from Minneapolis, Minnesota.
I'd like to get your thoughts on transportation, specifically urban mass transit.
Do you see the future of transit in existing modes like light rail and buses or do you envision disruption by companies like uber and lyft or even tesla and apple it'd be great to hear your thoughts on this topic thanks so much Wow, that's a really interesting question, Jason.
He sounded like Amy Klobuchar, didn't he?
Didn't Jason sound like Amy Klobuchar?
That was not my first thought, but he sounded like a female senator.
That did not run through my mind.
Why don't you start on that?
But I'm sure he's excited to hear that.
I'm sure that that's.
I love Amy Klobuchar.
It's a compliment.
I'm going to start now, actually.
So, yes, I think it's not going to be existing.
I think it's going to get disruption, especially now that Mayor Pete is also from the Midwest, has tons and tons of money to spend.
I do think there's going to be a lot of disruption, even though, you know, people joked about Elon Musk's boring company, the Move Traffic Underground.
But, you know, I think there's a lot more promise there than people realize.
I think.
I think that we will be moving more to mass transit over time as cars become more autonomous and self-driving.
I think people are, as I've written, ride-hailing apps
do increase traffic, but I think it's a thing that's happened and it's moved along.
So I think there's going to be disruption.
That's my feeling.
Scott?
Yeah, I think
I agree with you.
I'm fascinated by infrastructure investments and I'm also...
Fascinated by transportation and aviation.
My father,
before he left my mom for his next wife, used to take me to the Orange County-John Wayne Airport before there was even security.
And you could walk out on the runway and he used to put his hands over my ears and we would watch planes land and take off.
And
we would do a game where I would guess the plane.
I'd be like, oh, that's a DC-9.
That's a 737.
Hold me, Kara.
That's me.
Hold me.
Anyways, lovely Holly.
That seems like a Hallmark movie waiting to be made.
That's so nice.
Yeah.
Yeah.
Before he moved in with a flight.
Except for the leaving.
Before he moved in with a flight attendant from Continental Airlines.
All right, well, then you have a good relationship with transportation.
Yeah, yeah, yeah.
Anyway, so I think that I'm super excited about innovation and transportation.
You introduced me to someone I want to invest in.
I want to invest in Boom because I think reattaching.
Explain what Boom is.
Boom is supersonic, and that is the Concorde was a fantastic idea, but the technology wasn't there.
And now, because of technology and materials, fuselage engines, we might have economical, viable, efficient supersonic.
And the idea of getting from New York to
London in three and a half hours, I think that's a much bigger market than sending people up for seven minutes to the Carmen line for $400,000.
Anyways,
but specifically to more specifically to the question around urban transportation, something like 80% of all time spent commuting is on trips of eight miles or less.
And the thing, I'm going to Bangkok over the holidays.
I love Bangkok.
I think it's an incredible city.
I'm taking my boys.
And one of the really, I forget what it's called, but the train, they literally built a train line right down the middle of the city.
And it transformed the city.
And it created all sorts of economic growth and freed up all sorts of time.
But the great unlocks economically and also from a societal standpoint are when you can save people a lot of time so they can spend more time with their family, spend more time on self-care, spend more time making money.
And the opportunity, I think the most underhyped part of Elon's portfolio is the boring company.
Me too.
Because the idea of boring a tunnel between Midtown and LaGuardia.
Yeah.
I mean, LaGuardia is like six and a half miles from takes nine years to get there.
And it takes, and not only that, it's not even the amount of time it takes, it's the variance in the amount of time.
Because occasionally you get there in 18 minutes and you think, oh, this is easy.
And then the next day it takes an hour and a half and you spend the time.
Same thing with National Airport here.
It's right in town.
And you spend the last 30 minutes digesting your stomach because you're about to miss your goddamn plane.
Anyways, and not only that, there's a huge application for the boring company and subterranean transportation
to get us our espresso pods because I think you're going to start hearing more about the last, last mile
and the ability to get your stuff really.
Can you imagine New York if things were underground?
That would be so great if all the deliveries were, you know, they
have to see
people who really understand transportation are always kind of fascinated by the MTA and the New York subway.
It really is amazing.
And the fact that you can get around so efficiently and so quickly when it's working, and it does, I think for the most part, they do a great job.
I agree.
I think it gets slapped a lot, but it is astonishing.
I think they do a great job.
But the boring company
is the most underhyped.
Tesla is massively the most overhyped.
And somewhere in the middle, an amazing company that will probably create the most shareholder value is SpaceX.
But that's a different talk show.
But I think urban transportation, you talked about autonomous.
I love the idea of the boring company.
I think there'll be some sexier stuff that won't get as much traction, such as autonomous or electric
rotocopters or basically flying.
Oh, oh, vertical.
They're called vertical lift and takeoff.
Vertical lift.
Yeah, they're called velos.
Velos.
Yeah.
They're interesting.
I think what, you know, obviously Kitty Hawk is working on things.
I think you can't count out all the bikes in the city and electric bikes.
I think this is something, you know, other European cities use bikes a lot more, but it's more and more in the cities you've noticed.
The last part is, of course, people are staying home more and not commuting to downtown areas.
And so that will be an interesting shift in terms of how people get around.
People aren't doing as much business travel.
But I do think there's going to be a move to more
a different kind of mass transit.
It isn't endlessly exhausting.
So we feel disruption, correct?
And Apple, of course, Apple, we've talked about Apple putting out a car.
I can't imagine if they move into cars, they won't move into buses and everything else kind of stuff.
Yeah, I think, look, infrastructure is one of the best investments you make.
It is the definition of investment, and that is, you know, it's the immediate return, but the invisible infrastructure of our airways is something that's underappreciated.
Roads have worked out rather well.
Yeah.
Yeah.
And
subways and bridges and transportation and municipal transportation.
It's really strange.
It can also backfire.
I think one of the things that is the worst thing for the brand of San Francisco is the public transportation there.
It's just always been terrible.
It's not terrible.
You would think.
Sorry, I wrote it all the time.
It's not terrible.
Oh, me.
It's just not in enough places.
They're about to open a new.
I wrote it all over the place.
It must have been on the white person's route.
There's like a few routes from the marina down to the bus.
No, I took buses.
I took buses and muni all over the San Francisco area.
It's not the worst.
It's not.
It's just the worst.
I'm sorry.
The 83 on RTV in LA going out Western Boulevard.
They just built a new one going down the other direction,
going to the wharf and stuff like that for tourists and stuff like that.
I think it's not that bad.
It's not terrible, but it's not.
The buses are quite okay.
I use them all the time.
Anyway, quite okay.
I like them.
I never had.
It's a concentrated city with the greatest concentration of wealth in the world.
And they're co-centric.
Well, you know,
Larry and Sergei want, there's issues around the hills.
I don't know if you've heard San Francisco is very hilly.
Larry and Sergei,
I think you're being condescending.
I think you're mocking me.
I believe I am.
Larry and Sergei wanted to put in chairlifts, and Gavin Newsom,
they wanted to put in chairlifts.
Yeah, up the hills.
Anyway, let's get to the next question about green.
Yeah, chairlifts.
They wanted chairlifts, and then you get on them and ride them up the hills.
Don't you love the idea of a bunch of VCs falling off the chairlifts and then being run over by ministers?
I do.
I always liked it.
Gavin Newsom called me right after they did that, and he's like, I can't believe this when he was mayor of San Francisco.
Okay, a next question about green.
You didn't call me.
And I didn't call you.
Yeah, because we both lived in San Francisco.
Well, he was mayor.
That is the widest statement ever.
After the idea of a sharelift in San Francisco was discussed, the governor colony.
We'll smell you, white lady.
All right, listen to me.
Smell you.
It's my book.
Anyway, Scott, next question about green energy.
This one came via email from a listener named Oliver.
I will read it to you.
Do you have any advice or warnings about investing in green energy?
The last weeks, what with COP26?
There's been a lot of talk about the private sector investing trillions to combat climate change.
How can a small fish like me get involved?
Good question.
Scott, would you like to start?
Or I can start on this one.
I know.
You go first.
Well, you know, a lot of VCs were originally invested in green energy and then they sort of...
it fell apart because they weren't getting the returns because it was way too early to do this.
But you have a lot of really big investors, including Elon Musk, including Bill Gates,
many others moving into the green energy space.
And I think they don't use a term, it's climate change tech, I think is what it is more called.
I think it's a huge opportunity.
And I've said over and over again, I think the world's first trillionaire is going to be a climate change tech person.
There's mitigation.
There's all kinds of things.
There's so many different ideas.
I know a small startup that's using
algae to eat up.
carbon.
There's all kinds of really fascinating things going on.
And I consider them all in the bowl of tech kind of things, solutions.
And that includes going into space and living elsewhere, not on this planet,
thinking about our plan B, essentially.
So yes, I think there's all kinds of ways to invest.
There's tons and tons and tons of startups.
And you'll see, you know, it's sort of like the early days of the internet.
At the same time, you're going to possibly lose a lot of money with some of them.
So it's a very risky area to pick and choose.
Well, yeah,
this is a complicated one because I think we bought into this narrative that some graduate from MIT is going to solve climate change and make us rich along the way.
And wouldn't that be nice?
Look,
I think we've
mostly in our generation, well, actually, not our generation, a lot of generations, have arbitrage
the climate in order to create trillions of dollars in shareholder value and also some prosperity.
Fossil fuels have played a huge part in society's progress.
But essentially, we've been arbitraging it and ignoring the externalities to make us rich.
And now we'd like to think that we can unbundle or fix the climate while getting rich.
And some of that is true, but I still, at the end of the day, think it's a bit of a false flag and
absolves us from making the hard choices and investments we're going to need to make as nations and as mature economies to come together, get rid of coal, and just recognize this is going to be expensive.
And so I don't like this narrative around we're going to get rich solving climate change.
And what you've seen is this.
I do think people are going to get rich solving climate change.
It doesn't mean that it's not a difficult thing.
There's going to be
technology.
Well, the ultimate sleight of hand here is that Tesla, Rivian, and Tiglucid combined are now worth almost the entire automobile market.
So
the smart analyst will go, well, this kind of assumes, these valuations kind of assume that these three companies are going to sell every car produced on Earth.
And they go, well, no, we don't want to talk about that because that's an irrational argument and doesn't justify our valuation.
So we changed the total adjustable market to climate change.
And I don't,
it's really at some point, I think the market does reattach to its fundamentals.
Now, having said that.
I think it's an exciting place.
I think your investment dollars can be a force of change.
I'm investing in some stuff around climate tech.
I think it's a.
What are you investing in?
So I'm talking to some guys about
where I'm going to invest, and this will be unpopular.
I'm going to invest in nuclear.
I think once we get our heads out of the clouds and
countries operate on it.
But go ahead.
And I'm stopped talking about the
Hallmark channel version of how we solve climate change.
I think nuclear relative to the risks and relative to the waste is a fantastic way to replace coal.
And I think it's going to be any part of a sober conversation around how we make the type of progress we need to make against carbon emissions will ultimately lead to a sober conversation around the role that nuclear plays.
Yep, I would agree with you.
So I'm interested in investing in nuclear technology.
Not solar.
You're not doing solar or wind or things like that.
No,
my sense is that that stuff still requires so many subsidies.
There's a new technology, and actually Bill Gates and Warren Buffett are investing in this company.
As I understand it, the equivalent of mini-mills and steel mills, they used to be very expensive and then they came up with mini-mills that were more efficient.
There's essentially that type of technology that could make mini reactors that aren't nearly the financial or capital costs and produce a lot of electricity.
Anyways, I'm very interested in nuclear.
I think it's a word we're going to hear more about.
I think also you have to think about lots of areas like food, clothing.
There's all sorts of questions about how to make clothing and produce it.
Construction materials,
there's all kinds of innovation and making of materials and how we make things.
There's all kinds of ways to participate in this area, and there's tons and tons of different companies.
Just to put on my investor hat, though,
if you're purely an economic animal,
I would argue.
I would argue that on a risk-adjusted basis, your best returns,
and I am not an investor in any of these companies, but I think your best returns would be a basket of Exxon, Chevron, and Hess.
I think that fossil fuel companies have been so punished.
And the bottom line is we overestimate the speed
away from fossil fuels, how dependent we are on them.
And these companies are generally well-run companies that spin off a shit ton of cash flow.
So
I don't invest in them.
I'm not going to invest in them.
But if you were purely looking for stock market returns, I actually think fossil fuels offer great returns right now.
Oh, dear, Scott.
Okay.
I know.
I know.
Sorry.
Well, you know,
they are cleaning up the environment.
You know how they talk about that.
It's so funny.
Beyond petroleum.
That was one of the great rebrandings yeah beyond beyond petroleum you're beyond petroleum anyway um here's a question beyond sexy
hello oh good hello i knew that was coming in i don't know how you managed to do that in the climate change area anyway here's a question about a certain someone at facebook aka meta roll tape hi scott and cara this is jason from london I was really curious what you thought of Andrew Bosworth being promoted at Facebook.
Having recently read An Ugly Truth,
the authors of which you had in your podcast,
it doesn't come across in the best light, or he doesn't at least.
So, really curious what you think of that shake-up at Facebook.
This is all you care about.
All right.
Well, you know,
Andrew Bosworth is a very important figure at Facebook, no matter how you slice it.
And he certainly has over the years said and done some controversial things, but he is completely in lockstep with Mark Zuckerberg.
They're very close personally.
He's one of his closest advisors.
I don't think of it as a shake-up in that it's inevitable that
he would be in this position.
I suspect he's one of the top choices for CEO
and he's willing to do whatever it takes.
He's reflective, certainly.
He can be obstreperous, but he's definitely the person that is going to be an important figure in Facebook, has been and will be going forward.
There's a few other names, of course, that have been batted about, but I think he's probably in the poll position, maybe Chris Cox.
There are some others.
Isn't Andrew Bosworth the guy that was the biggest draft bust of all time in the NFL?
Oh, wait, different Bosworth.
Different Bosworth.
Remember that guy who became an action film hero for like a hot minute?
Do you remember who I'm talking about?
No, I do not.
He's a sports figure, so no.
Well, that's it.
I'm not seeing the Kristen Stewart movie.
You need to see it.
That's it.
Here's the deal with this
Facebook.
I'm going to keep going with your awesome.
Hold on, hold on.
Just let me just say this.
Go finish your tangent.
Talking about any of their executive other than Cheryl Sandberg at Facebook is like talking about the generals for Kim Jong-un or whatever his name is.
They don't make any fucking difference.
He's an autocrat.
Everyone is there just to be his mouthpiece.
He looks at him and says, can you parrot me and my sociopathic ways all day long?
Okay, you're hired.
And the moment you stop, you're out.
So no one really matters here.
No one, just FY at Facebook.
I'm trying to think of a delicate way of saying this.
You don't matter.
If you're working on DM Diem or Carpe Diem or Libra or Portal or Meta or Oculus, just know on your way to work, you are totally fucking irrelevant.
Okay, next question.
Let me just say he is not.
He is a much bigger figure than that.
He was at Harvard.
I think he was one of his TAs at Harvard, I think.
I forget.
Anyway, he's a very important figure at...
at the company.
He just is.
He is.
He's going to be replacing Mike Schreper, who announced he'd be transitioning.
And he has been working on all the key things
at the company.
So his biggest thing was the memo that was circulated within Facebook and got out called The Ugly.
It argued that connecting people was important and said, sometimes you break some eggs, I think, essentially, if I recall.
It was provocative, which he is.
You could have negative consequences, and there's all kinds of things that could happen, but them's the breaks.
It was interesting.
It was an interesting, I think he was telling the truth, you know,
and he has since refuted it a little bit.
He told
BuzzFeed, I don't agree with the post today.
It was a post I think he did in 2016
where he said, I don't agree.
I didn't agree with it when I wrote it.
The purpose of the post, like many others I've written internally, was to bring the surface issues I felt deserve more discussion at the broader company.
So, okay.
All right.
He likes to be provocative.
So he's provocative.
Anyway, next question.
We have a fun one.
The question was sent in via Twitter from a listener named Kelly.
She wants to know, do you have a favorite guest or interview you have done?
Scott, what is your answer?
Hmm.
Well, it's just front of mind right now, but I think John McMoor is fantastic.
What are some of your thoughts?
I'll start with John.
Okay, John McWhorter, who wrote Woke Racism, we've had him on before.
I think he's a very strong thinker.
You know, I hadn't thought of this off the top of my head.
I think we try to mix them as much as we can.
And so I couldn't think of one that I thought was better than the others.
I think Casey's always good.
I, you know, I like your friend, the Canadian, when we've had him on, Sorkin.
Andrew Osorkin.
Canadian spy.
Canadian spy.
Canadian spy.
I think I liked
Pamela Paul about when she wrote the internet with the before the internet thing, like what has changed.
I thought that was a really interesting discussion.
Did we have Maureen Doubt on?
We had Maureen Doubt on.
yet.
No, did we?
No, we didn't.
Well, I still, she's my favorite guest.
Even if she's never been on the show, I love her.
We have to have her.
I love her.
It's very hard to convince her to do that.
I have to tell you.
She's actually my favorite guest was Maggie Haberman because you were so scared of her.
I'm not scared of her.
I was literally two minutes late, and you're like texting and calling and talking about her.
Well, she's a busy lady.
She covers things.
Maggie waits for no man.
Get to the mic.
Oh,
okay.
So one of the things that our producers are telling us, who means favorite interview ever, don't have to stick to Pivot.
I'd I'd have to say Steve Jobs.
Interesting.
Hard.
You had to be on your toes.
Did Gavin Newsom call you about to interview with Steve Jobs?
I really like almost every interview I do.
Which ones?
I used to love interviewing, and I haven't done an interview with him in a while.
Barry Diller.
Barry Diller.
He's always funny.
Go ahead, who?
My go-to.
Yeah.
My total go-to, and who I think is probably one of the brightest people or more thoughtful reason calling balls and strikes person
is my colleague Aswat de Motorin.
He's my favorite guest.
I've had him on.
Oh, God, why are we freaking out?
I've had him on the Prop GPod probably three times.
Yeah, that was a good one.
I just think he's a, I just could listen to him all day.
I think he's fantastic.
Yeah.
Yeah.
I really, I like, I like all my little interviews.
I like all my little interviews.
I like them all.
Whatever I just did.
I like the Hans Zimmer one I just did.
I thought it was very interesting.
And I didn't realize the range of his,
how much he had done before I did.
Oh, you know who was great?
Was Caleb Scharf, the astrophysicist from Colombia?
He was great.
He was really good.
Yeah.
All right.
Well, those are all good people.
We like everybody.
We like everybody.
And send suggestions of who we should be.
My favorite was Emily Rodokowski, even though I didn't listen to it.
I turned on, I muted it and just watched it.
Anyway, there was no video.
Is that a hate crime?
There was no video.
Again, is that a hate crime?
Oh, my God.
It was a really good interview.
You should listen to it.
Actually, you know what?
I'm going to say one more.
It's hard being this hot, Kara.
It's painful being this.
One more, I think.
It's fortunately hard.
Favorite recent interview, Monica Lewinsky.
I have to say.
That was a good thing.
I enjoyed your interview.
Great.
She's a great interview.
And the McConaughey one was a good one.
You interviewed Matthew McConaughey?
Yeah.
Yeah.
He said all sorts of crazy things.
How was that?
What was he like?
Everyone was like, he should not run for governor after it.
He was lovely as a person, but he didn't understand.
He didn't know a lot of the topics of issues in Texas.
So some big ones.
Wasn't you kind of Val Kilmer with a better plastic surgeon?
What do you mean by voting rights?
That's what he said essentially.
It was like, there's some
legislation happening in your state.
So you're running for governor?
People should vote.
No, he just said he's not going to.
He gave a little speech.
He's not going.
He shouldn't.
It was, I think this was sort of a bit a little, a bit of a knife in that effort because he wasn't very up to speed on it.
A few more edibles, that guy.
That guy's like one, you know.
Lovely.
That guy's a few edibles short of Val Kilmer.
Lovely.
In any case.
True detective.
Season one.
He was great.
Dallas Buyers Club.
Outstanding.
Yes, he is, but doesn't know anything about Texas governance.
It's time for a quick break.
Then we'll be back to answer more listener questions.
Adobe Acrobat Studio, so brand new.
Show me all the things PDFs can do.
Do your work with ease and speed.
PDF spaces is all you need.
Do hours of research in an instant.
With key insights from an AI assistant.
Pick a template with a click.
Now your Prezo looks super slick.
Close that deal.
Yeah, you won.
Do that, doing that, did that, done.
Now you can do that, do that with Acrobat.
Now you can do that, do that.
With the all-new Acrobat.
It's time to do your best work with the all-new Adobe Acrobat Studio.
Support for Pivot comes from LinkedIn.
From talking about sports, discussing the latest movies, everyone is looking for a real connection to the people around them.
But it's not just person to person, it's the same connection that's needed in business.
And it can be the hardest part about B2B marketing, finding the right people, making the right connections.
But instead of spending hours and hours scavenging social media feeds, you can just tap LinkedIn ads to reach the right professionals.
According to LinkedIn, they have grown to a network of over 1 billion professionals, making it stand apart from other ad buys.
You can target your buyers by job title, industry, company role, seniority skills, and company revenue, giving you all the professionals you need to reach in one place.
So you can stop wasting budget on the wrong audience and start targeting the right professionals only on LinkedIn ads.
LinkedIn will even give you $100 credit on your next campaign so you can try it for yourself.
Just go to linkedin.com/slash pivot pod.
That's linkedin.com/slash pivot pod.
Terms and conditions apply.
Only on LinkedIn ads.
okay Scott we're back our next question comes from Norway and it draws a parallel between big tech and gambling how interesting hi Karen Scott my name is Carly I am an American expat who lives in Norway
so I work in uh responsible gambling and the company I work for every few years has to get recertified as a responsible gambling company by the European Lottery Association.
And my question to you guys is, why do we not have
an ethical technology association or board that all of these large tech companies like Facebook, Twitter, YouTube have to be members of?
And they get certifications or they get a score every few years to show how ethical they truly are.
So we have a better understanding of their practices.
Thanks.
Love the show.
Hmm.
Carly, you know why?
Knock, knock, Americans suck.
That's why.
Europeans rock.
It would be sweet if I could finish it.
But right now, there's just Norway.
Okay.
There's Norway the United States would ever do this to any businesses.
That's why, Carly, as an American, even though you live in Norway, you do understand that the less we try to hinder our companies, the better, even if they're ruining our society.
So they would never, ever do anything.
I think it's, I would like, that would be a really interesting things.
But what does certification mean?
How is it enforceable, et cetera, et cetera, et cetera?
So I think that's the problem.
Correct, Scott?
I don't know.
What do you think?
I'm fascinated and think a lot about certification and rankings.
I built my most, arguably my most successful business.
Did Gavin Newsom call me that?
Was L2.
And the way I built L2,
that's absolutely a horrible thing to say.
The way we built L2 was we came up with a ranking.
We used to rank companies based on what we call their digital competence.
And it's really powerful.
Rankings can also be really negative.
And that is organizations can begin studying to the test.
And what we've seen in higher ed is the rankings have become so incredibly powerful because the only way you get 90 points of margin is to build a great brand.
And the rankings were initially constructed and a big component of the ranking was your exclusivity or how many people you rejected.
And that has resulted in a rejectionist complexion of higher ed that has been incredibly damaging.
So U.S.
News and World Report, their ranking of colleges, which they started 30 or 40 years ago, has actually been really damaging.
And you have to be really thoughtful about rankings because if they're successful, you end up with, there's a theory, and I forget
who put, postulated, but it's really powerful.
And that is
the moment an index or a ranking or a metric becomes widely followed, it begins perverting that industry.
And that's a really interesting statement, that the moment we have like ratings, all of a sudden CNN and Fox begin totally thinking about how to just capture attention
and what type of rating.
Or all of a sudden advertisers just look at 18 to 49.
So we end up with, or 18 to 25 year olds.
So rankings are really, really powerful.
Now, specific to this question around responsible gambling.
I think a lot about gambling, specifically as it relates to young men.
85% of people with a gambling addiction are men.
They're much more likely.
Something about the human brain or the dope.
I don't know what it is, but essentially men are much more prone to gambling addiction at a young age.
And also, it's an interesting stat, or what I found was an interesting stat.
My mom was actually a docent in Las Vegas, and she used to do tours of the art at the Wynn and at the Bellagio.
And she used to come home with all these fun facts about gambling.
And the one that stuck in my mind is that gambling actually, of every addiction, it has the highest suicide rate.
Because if you're addicted to meth or alcohol, people recognize that you've become an alcoholic.
And at some point, someone who cares about you hopefully intervenes.
You get fired from your job.
Your spouse says, you give up the bottle or
I'm leaving.
Or you have an intervention, whatever it is.
Gambling, you can get so far in over your head and no one has any idea.
You can literally lose your house, your kids' college fund, be fired, borrow money from everybody, and lose it all, and nobody even knows.
And these people feel as if they are in so deep, the only way out is to kill themselves.
And that always struck me
that
I found that shocking.
The idea of a metric trying to assess how responsible a gambling organization is, it feels very Northern European.
I don't know how you can, I would be interested to know how you actually
operationalize that.
It's never going to happen.
It's never going to happen.
There's no enforcement.
We should just strengthen our current enforcement agencies.
That's how we do it here.
We slap them hard
and make them liable for certain things.
That's what we need to do.
Because does anyone care?
Does a gambler gamble at responsible gambling?
Well, you're not allowed to cooperate, I think.
They're much more strict.
I think they're anyway.
We need to move along, but it's a good question.
We need Joe Pesci.
That's what we need.
That's responsible.
Here's a short one from a listener named Lee Roll Tape.
Kara, just a silly question on your memoir, which I can't wait to read.
Are you going to follow Chicago Manual of Style or AP for your editing?
Jesus Christ.
Could we have a wider question?
Hello, Georgetown Commandeers.
Anyway, I don't know.
I don't know.
Honestly, Lee, thank you for a nice question.
I'm glad you can't wait to read it, and I can't wait to write it.
And there's a whole section on Scott, I think.
I'm going to have that.
Well, by the way, how is your memoir?
Aren't you writing a book?
It's very soon, and I'm not done.
I'm not even going to, let's not discuss.
Let's not discuss.
I had a lot of things going on.
I feel for you.
I know what that's like in the eighth and ninth inning.
Well, I'm not.
I am.
You're supposed to be in the ninth inning, and you're really in the second.
Exactly.
Thank you.
Thank you for that.
Okay.
There's a question about kids these days.
This came via email from Bridget in Florida.
I'll read it.
I live in St.
Petersburg, Florida, and my daughter's high school, Northeast High, is currently struggling with kids doing these TikTok challenges.
They've completely vandalized the high school bathrooms, even removing stalls, doors, dividers, locks, sanitary containers, and even an actual toilet.
They are now stealing stuff from the classrooms like clocks and pencil sharpeners.
I feel like TikTok should remove or at least address these destructive challenges.
I know they're happening all over, not just in our high school.
I wanted to bring this to your attention in case you weren't aware.
I was not aware, Bridget.
What do you think, Scott?
Yeah, yeah.
TikTok has a lot of issues like this.
I went to St.
Pete for the first time.
I went to St.
Pete the first time I took my boys to see the Dolly Museum.
It's a wonderful city and an incredible museum.
I mean, they do such a good job.
I just feel so fond and impressed by St.
Pete.
I knew nothing about it.
Anyways, so, you know, go St.
Pete.
I think there's a really big missed opportunity by TikTok, and I think they're missing it.
And that is, I think there's an opportunity for someone to come in and be the, I don't know what you want to call it, Puritan, conservative,
reactionary, you know, go give your First Amendment speech somewhere else and really have a lot of guardrails and make it kind of, kind of safe viewing for kids.
And when you see videos of students assaulting teachers because of the assault teacher challenge,
you know, it's just like, okay, folks, you're missing TikTok.
Yeah, yeah, yeah.
And not only that, every, we talked about this last night on Twitter.
Every CEO of every media company,
especially in tech, has always erred on the side of First Amendment because it happens to be the way you can ignore damage to the Commonwealth and increase your revenues.
So they all of a sudden are all really have incredible fidelity to the First Amendment, which is just ridiculous.
There's a huge opportunity for a platform, and I thought TikTok was headed this way, to say, look,
go have your debate with a First Amendment lawyer on Twitter.
Anything that reeks of damage that
could result in violent behavior, extremist behavior, or generally is just really fucking ugly, we're just booting you off.
Someone needs to err on the other side.
I think they, you know what, here's the deal.
Y'all are editors.
Edit.
Just edit.
That's exactly right.
100%.
Whether your publishers unpublish things.
You don't have to do everything, but stuff like this is like, just, and then let someone else do that and let them deal with that.
If you you want to be like a brand a bigger brand everybody has these kind of standards and i know all the first amendment people scream but you know restaurants look a certain way and others don't and you if you want to have the big restaurant where everyone's happy and comfortable and safe build that restaurant but anyway anyway it's just it's it's kind of ridiculous that they let this stuff go on and of course people with kids are going to do stuff like this it's just i i i'm not i mean people should be better parents to have their kids do this stuff but it's almost irresistible um in a lot of ways um And they're also teenagers.
And so there you go.
All right.
Next question comes from Joseph on Twitter, who wants some advice from us.
Joseph asks: I've been out of work since the beginning of the pandemic.
I am a stay-at-home parent with two kids.
Will online certification from Google help me find a job?
Are companies going to seriously look at me as a potential hire with just a certificate versus someone with a degree?
Yes, we say, Joseph.
Scott, go on about this, because this is something you talk about a lot.
Well, look, we live in a society that's driven by certification, And the most powerful certification still in America is the traditional Bachelor of Arts.
And it's just a powerful,
it's a powerful construct.
The moment you get a college degree, you're more likely to get married, less likely to have heart disease.
You make on average twice the aggregate amount of income over your lifetime as a non-college grad.
However, however, that may not be an option for you.
If you're a stay-at-home dad with two kids, it just might not be realistic to figure out a way to get a traditional BA.
I give, well, we both give big tech a lot of grief.
I think Google certificates, and I assume I'd like to think this is Sundar Prachai, I think it's fantastic.
And some of the stats around Google certificates, about two-thirds, I think, of people who have received a Google certificate do not have a traditional college degree.
It's very cost-effective.
It's very time-effective.
And the outcomes are really strong.
And that is, I think the average salary of someone or a job that someone gets from a Google certificate, and I think they're doing a UI UX and product management, is about 85 grand.
So I think this is exactly where we need to head.
More vocational training, more unbundling, more micro-certification, and hats off to Google.
I think this is a fantastic program and effort.
And they're also talking about coordinating and cooperating and partnering with community colleges.
So so much of these questions come down to our situational.
What are your options?
What are your obligations?
But if you're a stay-at-home dad that doesn't have the opportunity to get what I call more formal certification, I think Google certificates is fantastic.
I'm a big fan.
Yeah, yes.
And I think they're coming.
You know, you'll see a lot more of this.
And I think it's a great, it is a great thing that Sundar's done here.
And so, yes, we think you can.
I think people are looking at new ways of hiring people.
There's low employment, low unemployment.
And so I think it's a great time to be able to get in there and show what you can do.
You don't have to have gone to Harvard or whatever.
Also, we, again, still need to focus on community colleges and other ways to do things like a plumber certificate, everything, like all ways to train people for
higher paying jobs than
just being servants or serfs, as Scott says.
Okay, Scott, one more quick break, then we'll be back and give our end of year resolutions.
Support for this show comes from Robinhood.
Wouldn't it be great to manage your portfolio on one platform?
With Robinhood, not only can you trade individual stocks and ETFs, you can also seamlessly buy and sell crypto at low costs.
Trade all in one place.
Get started now on Robinhood.
Trading crypto involves significant risk.
Crypto trading is offered through an account with Robinhood Crypto LLC.
Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.
Crypto held through Robinhood Crypto is not FDIC insured or SIPIC protected.
Investing involves risk, including loss of principal.
Securities trading is offered through an account with Robinhood Financial llc member sipic a registered broker dealer
avoiding your unfinished home projects because you're not sure where to start thumbtack knows homes so you don't have to don't know the difference between matte paint finish and satin or what that clunking sound from your dryer is with thumbtack you don't have to be a home pro you just have to hire one You can hire top-rated pros, see price estimates, and read reviews all on the app.
Download today.
Okay, Scott, we're back.
We're going to do some of our end of year resolutions now.
What is yours, Scott?
What is your resolution?
You know,
I think everybody needs a code.
My code is capitalism, stoicism, and atheism.
And atheism is the most powerful part of my code.
And that is, it makes me think about how I want to spend the rest of what I think is a very finite thing.
And that is the number of days we have here.
One of the things I'm trying to do professionally, I think as a younger entrepreneur and CEO, I don't think I was as kind as I could have been.
I was quick to fire.
I was very harsh.
And I thought of that as kind of like the what you were supposed to do as a CEO.
And I was successful or I, or certain outcomes were successful.
And as I get older, I'm trying to be
a kinder manager, if you will, and more patient and just a little bit more thoughtful and kind of go to my kind of slow thinking.
So
if I think I'm on the right track, my resolution is to be, my resolution is in a professional context to be kinder and also not take the bait and feel like I need to get back in everyone's face when I feel like I've been wrong.
There's kindness and grace.
Those are my resolution.
You're going to be less aggrieved is what you're saying.
Well, it's okay.
Yeah, aggrieved is, I don't like that term aggrieved because it makes it sound like you're a victim and you're, I don't know.
I think that's a horrible thing.
Or I don't like that.
It makes me feel weak.
But just in general, I think the people that
I want to,
emulate role models who demonstrate more grace and more kindness.
And I think that's, I think we should, well, that's what I'm going to try and do.
How about you, Kara?
Well, invest more in our relationship, obviously.
Go on.
No, not really.
No, I'm not worried about that at all.
No, I think I, two things.
Professionally, I've done a lot
in 2020 and 21, a lot.
I've done a lot of new things, which is interesting.
I've said yes to things I really like.
So it sounds crazy, but I I kind of want to do a TV show.
I want to do a TV show.
Really?
Yeah, I do.
Well, you're doing a TV show, didn't I tell you?
It's on CNN Plus.
Oh, okay, great.
I mean, I'm the one getting paid for it, and it's my name on it, but you've got to bail my ass out of that.
You're a guest every week.
Uh-uh-uh.
Not unless you pay me a big chunk of money.
I think I'm doing fine professionally.
I don't think I really have to change a lot, but I just am interested in.
What does Gavin Newsom think?
Go ahead.
You're so jealous.
I love when you're jelly of all my fantastic connections.
I'm jealous a lot.
You should be.
I have a fantastic.
You should be.
Once again, you should be.
How's your book coming?
You know what?
People don't know that Scott, he's incredibly generous.
He's incredibly generous guys.
He's always offering a hand.
You do.
You do.
You're doing me a favor this weekend.
I'm going to New York.
You offered me your place and et cetera, et cetera.
You're always saying something nice about that.
So I am going to invest in our relationship.
Well, you know, there's a chairlift there.
Okay.
Now, listen, the last thing is I'm going to personally, it's been a really, it's hard to have four children.
It is.
And I have to invest more time with a man to have a lot.
That's a lot.
I have to invite you.
It's hard to have.
I'm sorry.
It's hard to have four children at your age.
At any age.
At your head.
And we have to, when you have children, you forget your primary relationship.
So not this week because
it's exhausting, but
we have to do more stuff that,
you know, it's hard when you have a lot of children.
It's not, there's nothing wrong.
I just have to think about it.
I have to think about it because it's work and the kids.
And so there should also be time for relationships.
I know everybody talks about this issue.
But right now, not not today.
Not today.
Just, Kara, just trust me on this one.
I'm very good at reconnecting lesbians.
Just
spend a lot of time on the couch, take two or three hours and do a Kristen Stewart marathon.
We had such a good time.
We had such a good time.
No, we did.
We're going to watch, actually, we watched the Spencer movie, which she plays Diana.
And of course, somehow a lesbian.
lesbian scene gets into that movie which we love we're like of course it's kristen stewart a lesbian scene gets in but then we decided every year we're going to watch the christian Stewart Christmas lesbian movie, which we love.
It's a terrible, terrible movie, but we love it.
Uh, where she plays a lesbian going home with her closeted girlfriend.
Yeah, it's great.
It's a great movie.
No, and it is an admitted stereotype of lesbian women.
I assume that the two of you would watch like six hours of Riverdale and then cry and then hug for me.
No, I hate Riverdale.
Why do you always say Riverdale?
It's ridiculous.
I don't like Riverdale.
I think it's mean.
You know, I don't like it, but I like Kristen Stewart, whatever she does.
I think she's going to.
You're turning into the Rex Harrison of the the lesbian community.
Like, remember Rex Harrison?
The movie reviewer?
Was it Rex Harrison?
Oh, Rex, that's not Harrison.
Rex Harrison
was an actor.
Okay, Rex Harrison.
Rex Reed.
Rex Reed.
Oh, my God, Rex Reed.
If two men held hands in a movie, he's like, best picture of the year.
Oh, that's good.
You are such an evangelist for gay women, which is a good thing.
Not that there's anything wrong with it.
It's like some teenage girls.
I mean, with Texas College,
that's a really good show.
Almost everyone there is.
It's lesbian porn, isn't it?
What are we talking about?
It is not.
Anyway, everyone goes see the happiest season.
It's going to be Amanda and Kara's annual movie, along with Gladiator, which she's still not seen, which makes me question her commitment to making it.
I took you off course.
Your resolution is to invest and maintain
a healthy relationship with your spouse.
The happiest season with Kristen Stewart, with Amanda.
That's how it's going to go on.
All right, Scott, stop dragging my favorite actress, Kristen Stewart.
Those were some great questions.
Send us.
What was that movie, Adventureland?
She was in a great movie with about a moment.
What's your favorite Kristen Stewart movie?
movie all of them all of them okay there you go i even like uh the hunter the one snow white and the hunter one i can't believe i like that one it was terrible if you've got a question you're curious about go to nymag.com slash pivot and submit it for the show okay scott that is the show we'll be back next year this is another year of scott and kara how many years have we been together i think we've been together three years is that about right
pretty good relationship i have to say i really this is this is arguably uh one of my best professionals so so let me say as we end the year thank you very much kara i think you're a wonderful role model, and I very much enjoy our relationship.
And I appreciate your generosity and your professionalism.
Yes, thank you.
I appreciate it also.
I think it's been a very successful relationship.
Where's my chair?
I agree with you.
It's been a very good relationship.
I think we get along very well.
And one of the things I want to stress with people is Scott and I don't always agree on things.
We have disagreements, but one of the things the reason I think the successful sites were very funny
is
that we disagree with civility.
And I think that's critically important going forward.
I think John talked about that.
I think a lot of our, we try to get guests that talk about that.
And I think that it's really important in this twitchy, angry world we live in to really start to listen to each other.
And that's really been the problem is everybody takes their I am right stance and we often change each other's minds, which I think is really good.
Although mostly I'm right.
Mostly.
Oh, that is true.
Anyway.
And also, let me just say thank you to all our fans.
I get stopped a lot on the street and ask about Scott.
All our fans, we love you.
Stop us anytime you see us in in any place
and we love it and we love our fans and we love that they love us too and we we will do more uh we can't wait to do more with you all in the future that's funny because they stopped me as well and asked me about me
sorry couldn't resist couldn't resist scott read us out happy new year to everybody yes happy new year today's show was produced by laron naiman evan angle and taylor griffin thanks also to drew burrows and meal silverio bernie and jertott engineering this episode make sure you subscribe to the show on apple podcast or be an android user.
Check us out on Spotify or frankly, wherever you listen to podcasts.
Thanks for listening to Pivot from Box Media.
We'll be back next Tuesday for another breakdown of all things tech and business.
Join me in 2022 for a kinder, a kinder and more graceful world.
Happy New Year.
This month on Explain It to Me, we're talking about all things wellness.
We spend nearly $2 trillion on things that are supposed to make us well: collagen smoothies and cold plunges, Pilates classes, and fitness trackers.
But what does it actually mean to be well?
Why do we want that so badly?
And is all this money really making us healthier and happier?
That's this month on Explain It to Me, presented by Pureleaf.
Trip Planner by Expedia.
You were made to outdo your holiday,
your hammocking
and your pooling.
We were made to help organize the competition.
Expedia made to travel.