5 Stocks Are Carrying The Market — Here's How To Protect Yourself
Prof G Markets
October 5, 2026
Scott Galloway and Ed Elson break down the biggest takeaways from Anthropic’s financials and explain why the company’s customer concentration is raising concerns. Then, they examine the state of the IPO market and make the case for why now could be the time to buy bonds.
Speakers Scott Galloway, Ed Elson, Ryan Reynolds
TopicsInvestingBusinessEntrepreneurship
SPEAKER_1 (0:00)
Exchanges on the M&A and IPO Landscape. Exchanges on the Dynamics Affecting Global Trade. For the sharpest analysis on finance, business and the economy, count on exchanges, the Goldman Sachs Podcast. Listen now.
SPEAKER_2 (0:15)
Company spend can be complicated. Managing it shouldn't be.
Amex corporate connects cards, expenses and payments only in one place. That's less time managing work and more time doing work that matters. Built to simplify, designed to scale. This is Amex corporate. Get started at go.amex.mxcorporate.
Terms apply.
SPEAKER_3 (0:43)
This monday.com ad was created by a team of people and AI agents. The agents wrote the copy and managed the timelines, while our human creative director made sure it all made sense. Easy. Create your own AI agent today on monday.com.
Scott Galloway (0:58)
Today's number, $30,000. That's how much the world's most elite sheepdog sell for at auction on a farm in England. True story, Ed, my sister was accused of bestiality. We'll all be a monkey's uncle. You like that one.
Ed trying to look sexy, the flannel shirt. He thinks he's Grizzly Adams at a Pearl Jam concert.
Ed Elson (1:34)
What are you wearing today?
Scott Galloway (1:35)
The same thing I wear every day. I'm rag and bone jeans, Panerai watch, and Brunello Cuccinelli. Hello ladies.
Ed Elson (1:41)
There we go.
Scott Galloway (1:42)
Hello ladies.
Ed Elson (1:43)
That's pretty sexy too. Yeah. $30,000.
Scott Galloway (1:52)
Yeah, yeah. No, I make a room sexier by leaving it.
Ed Elson (1:59)
So $30,000 for a sheepdog. What do we think? Worth it?
Scott Galloway (2:04)
I asked the Scotsman what his body count was, and he started counting, and then he fell asleep. That is my favorite family guy thing, where the guy is shearing the sheep, and the sheep's like, oh, yes, you bitch.
SPEAKER_3 (2:17)
Shear that, shear that shit.
Ed Elson (2:19)
Shear it. It is very good.
Scott Galloway (2:25)
You spoke to one of my early role models, Paul Kudrowski, yesterday. By the way, I listen to podcasts, which I don't like to do. But he's really good. It was a really good one. Well done.
Ed Elson (2:36)
Paul's really good. Paul's very, very, very smart guy with a lot of opinions on AI, which we will be getting into now.
Scott Galloway (2:43)
But first off, we haven't talked enough about me.
Ed Elson (2:45)
Okay.
Scott Galloway (2:47)
About 25 years ago, I'm not joking, my first TV appearances were on Bloomberg. Someone named Laura, gosh, such a cool woman who did content programming, reached out to nowhere and said, you're a marketing professor, you want to come talk about marketing. And I used to go to Bloomberg Television every week. And I'd be on with Tom Kean. That's how I met Stephanie Ruhl. That's how I met Sarah Eisen. And I used to do every week this thing called Business and Tech with Deirdre Byrne, who I love. She went to Fox.
It's like college. Stephanie Ruhl went to MS now.
And then, oh, and Eric Schatzker, he's still there. He's the only one that stayed.
But it all started for me at Bloomberg Television.
Ed Elson (3:27)
And how does this relate to our man, Paul?
Scott Galloway (3:31)
Paul was also a frequent guest, and I used to be both happy and bummed when I'd have to go on. They'd bring us as the two panelists in for like, he and I were the panelists and the founder of Reddit for when public. Facebook went public. It was supposed to go public at the opening of trading. It didn't go public to once. We had to sit there for three and a half hours trying to talk about tech. It was really painful and come up with new insight into the Facebook IPO because there was some technical problems. And Paul, it was like a love-hate thing. I love Paul. He's a nice man. I think he's super fucking smart. I was always so intimidated by him because I'd be like, the audience is going to figure out I don't know what I'm talking about when I hear Paul talk.
He's very smart. He's very knowledgeable.
Ed Elson (4:16)
He's very smart. He brings the heat. He's aggressive. He's opinionated. He's everything you want in an investor, but also in a guest on a show.
Scott Galloway (4:26)
Yeah, he's really good.
Ed Elson (4:27)
But when we had him on a while ago, we've had him on a couple of times now. He said he doesn't like going on Blueberg or CNBC anymore because he doesn't like feeling like he's in a Piers Morgan debate show anymore.
Scott Galloway (4:37)
It could be worse. You could go on Piers Morgan and have to put up with some maggot douchebag who calls you un-American and desperate. That's nice. That's why I've worked this hard, Ed.
60 more minutes of transcript below
Thousands of transcripts fetched by people building searchable podcast archives
Fetch the whole transcript
The demo key returns a sample episode in full, no card needed:
curl -H "x-api-key: pt_demo" \
https://spoken.md/transcripts/1000651996090Markdown with the speakers named, for your notes, your knowledge base, or anything that makes HTTP calls.
From $0.10 per transcript. No subscription. Credits never expire. Prices exclude VAT, added at checkout for EU customers. Not what you expected? Email us within 14 days with 20 or fewer credits used and we refund the pack in full.
Using your own key:
curl -H "x-api-key: YOUR_KEY" \
https://spoken.md/transcripts/1000793207837