Jim Chanos: We’re In The Golden Age Of Fraud

**Scott Galloway** (0:01)
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**Jim Clyburn** (1:26)
Think you have what it takes?

**Scott Galloway** (1:28)
Today's number 25 That was the percentage decrease in Canadian travel to the US in 2025 Ed, what did the beaver say to the maple tree?

**Ed Elson** (1:38)
What's up?

**Scott Galloway** (1:39)
It's been nice gnawing you. How are you, Ed?

**Ed Elson** (1:52)
I'm doing very well.

**Scott Galloway** (1:53)
Yeah. Say more.

**Ed Elson** (1:54)
The weather's nice. I've been going out to Long Island, getting tan, had a wedding this weekend, which was nice.

**Scott Galloway** (2:01)
Oh, you're at that age. Yeah.

**Ed Elson** (2:02)
The weddings, they're happening, they're coming. Every other weekend, at first, it's fun, and then it gets a little wet. You're like, wow, it's a lot of trekking out. But it was a beautiful wedding, had a really good time. So I'm very happy for my friends.

**Scott Galloway** (2:20)
In two or three years, you'll experience the do-overs where people realize like, we only got married because we were 27 and it didn't work, so there'll be a few of those. In 10 years, that's when the really ugly divorce is set in because they have kids.
Then in about 20 years, you'll go to the second weddings. When you decide to tie the knot, I just can't wait. I wish I would be a fly on the wall when you have a very rational conversation around you suggesting that you take the money for the wedding for a down payment for a house. You're the kind of guy that would suggest that. And I just wish I could see-

**Ed Elson** (2:51)
Actually, I think it's the opposite. I think I want the awesome wedding and the splurge on the party. And I don't think she cares that much about it. But I think having a sick wedding is- I think you gotta have a sick wedding. I'm a little-
probably don't have my head screwed on quite straight on that one.

**Scott Galloway** (3:08)
What I would suggest is just throw a huge party and don't tell anyone it's a wedding because when people hear the term wedding they mark everything up by 50 percent.

**Ed Elson** (3:16)
That's a really interesting point. Yeah. Maybe just don't get the wedding plan. I get an events planner pretend that you're celebrating your birthday and then you kind of Trojan horse a wedding. It's an interesting strategy.

**Scott Galloway** (3:29)
Or if you do what I did, just go down to city hall with a woman who looks like she's about to start dilating and get married in front of a judge. That was the romance I brought. We had to call four different people to get a witness that morning.
That's how I express my love and my undying commitment.

**Ed Elson** (3:48)
I love it. I love it.
So you're not a fan of a big wedding, or where do you stand on the issue?

**Scott Galloway** (3:54)
First off, what you have to acknowledge is in all of these decisions, you're an influencer, not a decision-maker.
I'm a big believer in dividing and conquering in a partnership, and in my partnership, I'm in charge of money and movies and everything else. She decides because she has much better instincts and judgment than I do across everything. So she pretends to listen to me and she nods. I say, well, we should stick in the US for high school. Kids are just like, oh no, we're moving to Europe. I'm like, okay, just tell me where to be when. Just tell me where to be when. Send me the address, but yeah, get used to that. Decide, pick one or two things you're really good at and just acknowledge every other decision is going to be made by your partner.