Euphoria Has Taken Over The Markets — ft. Barry Ritholtz

**Scott Galloway** (0:01)
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**SPEAKER_2** (0:42)
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**SPEAKER_3** (1:14)
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**SPEAKER_4** (1:41)
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**Scott Galloway** (1:42)
It feels good to GEICO. Today's number, 31,500. That's how many years it would take to count to one trillion.
Ed, true story, I had a sex worker over at my house the other night, and I thought, oh no, as I do, I got really fucked up, passed out, and I thought, oh God, he's probably left with my money and my watch, and now he's going to take my car. And so I ran down and my worst fears, all of those things were in the trunk.

**Ed Elson** (2:22)
What was the start? 31,500 days to count to a trillion?

**Scott Galloway** (2:26)
That's how many, no, how many years it would take to count to one trillion. Yeah, so better get started.

**Ed Elson** (2:31)
Yeah, I gotta get started. Trillionaire status soon. Do you think you'd want to be a trillionaire?

**Scott Galloway** (2:38)
Well, I never missed a chance to talk about myself and Virtue Signal, but I never imagined being a trillionaire, but when I sold L2 in 2017, I had very distinct plans and a path to a billion dollars. And I just like the sound of Scott Galloway billionaire. It just felt right as rain to me.

**Ed Elson** (2:57)
It does sound good.

**Scott Galloway** (2:58)
Yeah. Doesn't it sound good? And I lost a friend and I was at that age, let me see, that was nine years ago, so I was 42, 52 And I don't want to say I had an epiphany, but I realized, okay, I've got enough money unless I fuck up again, which I have done several times. I'm going to be able to do pretty much whatever I want, whenever I want.
And I have decided, and I'm kind of on this rant, but there is a purpose here, pick a number and then beyond that, and everyone has different needs or different appetites, but beyond that, once you get above that number, spend it or give it away. And I have not increased my net worth in nine years, despite an unbelievable one of the greatest bull markets in history, because I either spend it or I give it away. And I believe I am happier than your average bearer. Also, I believe a virus that infects the United States is hoarding. And I think hoarding capital beyond, and I don't want to say basic needs, you know my life, I live an exceptional life. But above a certain amount, to believe that you're going to be a better allocator, a capital, and to keep striving for billions and billions and hundreds of billions, I think it not only doesn't make you any happier, I think it's bullshit you get less happy. I don't think that's true either. But I think it is a weight on society. I think hoarding infects, and I think we're going to have a really interesting conversation over the next few years. And it's the following, the last two decades, we've been having a conversation, we've been totally obsessed with how do you create wealth. I think we're going to have a more interesting dialogue in the next few years around, what is your obligation around what you do with your wealth?