Scott Galloway: Why I'm selling my American stocks

**Scott Galloway** (0:00)
Old people are basically reaping our economy for the last 30 or 40 years, it needs to stop. Scott Galloway. Scott Galloway. Scott Galloway is a professor at NYU's Stern School of Business, the Howard Stern of the business world.

**Sam Parr** (0:10)
We have a little schtick for you today. We want to ask you the 10 spiciest burning questions today that we had.

**Scott Galloway** (0:16)
Long time to give up edibles, but far away. I am living large and I love it. I am so good at spending money. I spend money like a 50s gangster just diagnosed with ass cancer.

**Shaan Puri** (0:25)
Scott, you want to get into this sucker?

**Scott Galloway** (0:36)
How honest do you want me to be? Is this offend people, negative comments, make it sure that people really believe I'm not running for president based on my answers? Like, are we going to all stalls with no chip here? What are we doing?

**Shaan Puri** (0:47)
All right. So you did this post the other day, which was pretty hilarious. You said, I finally know what it feels like to be an attractive woman because I'm at Davos and everyone's looking down at my chest and deciding if they're going to talk to me or not. It was great. I loved your Davos stuff. You actually said something amazing. You were like, I don't even want to be here. I'd rather be at home with my kids. And I thought that was awesome. But what I want to know is when you're around all these incredibly successful people, people who are actually like in the Illuminati, who had the most gravity towards them? Who were you drawn to?

**Scott Galloway** (1:14)
Oh, hands down, Governor Newsom. Wow. I walked down, there's this in the Congress Hall. First off, I haven't been back to Davos in 27 years. I peaked early, like I came out of the gate strong and then divorced ,.com implosion, great financial recession. My career went sideways for 10 or 15 years, so it's taken me 27 years to get back to Davos. I'm walking around, I'm like, I'm not running for office, I'm not raising money, I'm not pitching anything. Why the f*** am I here? In my favorite moment, I walked down into the main area of the Congress Hall. Gavin Newsom was walking around like I'm the president and everyone believed him. He had an entourage. That guy has such star power. And this was the nicest moment for me because I'm desperate for other people's affirmation. He's walking with an entourage, he spots me in the corner of his eye and he comes over to me and he hugs me and he says, keep doing what you're doing. Governor Newsom has that star power. Hands down, star power. On the other side of the spectrum, I saw this old man with a pod belly walking around desperate to find someone to talk to and no one was f***ing interested and it was Lindsey Graham and that gave me a lot of joy.

**Shaan Puri** (2:18)
You're incredibly successful, you're incredibly influential, but when you're at Davos, you're around literally the people controlling the world, the most famous powerful people on earth. Was there anything that you learned?

**Scott Galloway** (2:28)
I don't think I was able to discern differences or draw anything, conclusions around these types of people. The things I walked away from Davos with is that the last time I was there in 99, it was about e-commerce and the US brand was capitalism consumption and Bill Clinton.
Now, it's about AI. Everyone was talking about AI and it's about the American brand is chaos, coercion, and I don't know, compliance. I find the US brand has fallen so far, so fast. I came away from Davos unsettled about how unsettled the world is right now, but I don't think I, I personally and people hate this. The billionaires I know, I know about a dozen are actually really good people. The Bernie Sanders, Elizabeth Warren like, you can't be a billionaire unless you're a bad person. Well, okay, Elizabeth Warren, you were 20 million. Does that mean you're only a 50th is bad, but you're 20 times worse than a millionaire? I don't buy the rich people are bad. I have generally found that distinctive the Epstein files, which I understand gives people the impression that once men get to this point, they feel like they're no subject to the rules. I think that's a really interesting discussion. I personally have found that billionaires are generally very high character people because the key to being really successful is to create allies along the way, such that you're put in a room of opportunities when you're not physically there.