You Think You're Diversified, AI Disagrees — ft. Torsten Slok

**Scott Galloway** (0:00)
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**SPEAKER_2** (0:44)
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**Scott Galloway** (1:40)
Today's number 40 That's the percentage of Americans who didn't read a single book last year. True story, Ed, I just read a book on the Dunning-Kruger effect. Ask me anything. Listen to me. Markets are bigger than us.

**SPEAKER_7** (1:55)
What you have here is a structural change in the world distribution.

**Torsten Slok** (1:58)
Cash is trash.

**SPEAKER_7** (1:59)
Stocks look pretty attractive.

**Scott Galloway** (2:01)
Something's going to break.

**SPEAKER_9** (2:02)
Forget about it.

**Ed Elson** (2:03)
I don't think you're a non-expert on book writing at this point. How many books have you written now?

**Scott Galloway** (2:08)
I want to say I've written more books than I've read in the last five years, that would reveal me for the pseudo-intellectual douchebag I actually am.
Supposedly, my publisher told me 1 percent of the populace buys 90 percent of the books. Which I believe. Do you read a lot, Ed?

**Ed Elson** (2:26)
I try to.

**Scott Galloway** (2:27)
As Yoda said, there's do or do not, there is no try.

**Ed Elson** (2:31)
All right. I guess in the past two months, I have not been reading enough, but before that I was reading very frequently. I'm going to have to get on to the writing the books game.

**Scott Galloway** (2:41)
A little Miss Sunshine here once as an agent at CAA. He's pretty soon is going to have a book agent.
I don't like it when people aren't dependent upon me for their livelihood. Ed, what are you doing in Palm Springs?

**Ed Elson** (2:55)
Got a speaking gig, just got here yesterday, first time in Palm Springs. I'm shocked by how nice it is here. I had no idea. I showed up to the airport and there's literally a gigantic mountain range right in front of me. Perfect weather, extremely pleasant, really nice airport by the way. Then the drive was just incredible. It's like this beautiful mountainous desert with also palm trees, dotted all over the place. I'm just shocked by how great Palm Springs is. I had no idea.

**Scott Galloway** (3:27)
Ed, gay people like Palm Springs and you didn't know that it's wonderful? I mean, come on, dude.

**Ed Elson** (3:34)
Well, now I know.

**Scott Galloway** (3:35)
It's wonderful. It's got amazing sunsets. It's got a nice vibe. It's got a lot of Noitra architecture. In case you don't know, that's a famous mid-century modern architect. Wow. Yeah, it's wonderful.

**Ed Elson** (3:49)
How are you and where are you? I also want to hear about Minneapolis.

**Scott Galloway** (3:53)
Well, I bet you do, you jealous bitch.
I'm back in New York. I was in, since I last saw you, I was in Vegas, which is great. I went for the opening of the Zero Bond Club there at the Wynn Hotel. Has anyone ever said anything more douchey than that? Then I got up at O Dark Hundred yesterday, flew to Minneapolis for a much different environment. A lot of white people resisting and unsubscribing. That event was great. Sold out the Pendeja Theater according to the folks who run the theater faster than any event. That was great. We interviewed Governor Walz. Wow. People feel very unified in Minneapolis. It was really, people feel very strong community feel there right now. That was nice.