Scott Galloway Tells All - $100M Net Worth, $4 Trillion Business…
About This Episode
Scott Galloway joins the pod to discuss his $100M+ net worth, the neuroses of financial anxiety, and his career as a serial entrepreneur and media brand. He shares specific business advice for 25-year-olds based on their educational background and highlights why US healthcare and GLP-1 drugs represent massive economic opportunities.
Episode Description
Show Notes
- 0:00Intro
- 3:00Surviving rejection
- 5:00Scott Galloway’s net worth
- 9:00How Sam made $20M in 6 months
- 12:00Scott gives Sam financial advice
- 16:00Get Rich Slow Strategy: Seller-financed boomer businesses
- 19:00Get Rich Slow Strategy: Go work for a big company
- 20:00Trillion-dollar carcass: AI for Healthcare
- 22:00Prediction: GLP - 1 will be bigger than GPT-4
- 28:00Second order effects of Ozempic
- 31:00The economics of obesity
- 33:00The drug that changed Scott's life
- 35:00Inverse Galloway Index
- 40:00Is Putin cyber-bullying Scott Galloway?
- 44:00$5M/year to speak
Links
- No Mercy / No Malice
- Inverse Galloway Index
- Adrift
- The Prof G Pod
- Prof G Media
- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Key Takeaways
Identify and acquire 'boring' small businesses from retiring Baby Boomers using seller financing, as many have no succession plan despite healthy cash flows.
Diversify wealth by investing in the 'whole haystack' rather than chasing needles; selling down concentrated positions in favor of index funds and bonds provides true financial security.
Focus on 'offensive' healthcare disruption using AI to provide proactive lifestyle and grocery recommendations, targeting the $4 trillion US healthcare 'carcass' that currently rewards defensive medicine.
Business Ideas Mentioned
Succession Acquisition of Boomer Small Businesses
Acquisitions
AI-Powered Offensive Healthcare Platform
AI & Automation
GLP-1 Second-Order Effect Hedge Fund
Boring Business