How to Protect Your Money if the AI Bubble Pops
Scott Galloway answers listener questions on talking to sons about fraternity life, protecting wealth through diversification if the AI bubble pops, whether AI agents will kill software companies, and trusting government jobs data.
The gist
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Galloway urges fathers to talk with their sons daily, warning them to know their alcohol limits and to be sober the first time they're intimate.
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Galloway says he's been rich three times and lost it twice going all in on tech, so now caps any one stock at 3%.
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Since 40% of the S&P sits in 10 stocks, he suggests spreading money across real estate, bonds, stocks and regions, including low-cost index funds abroad.
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Galloway doubts a software collapse, saying his company won't leave Salesforce even if rivals were free, because staff are used to its interface.
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Citing Justin Wolfers, Galloway says jobs numbers are hard to fake, though BLS survey response rates fell from 66% in 2016 to 35%.
"I still think you need to own some stocks in Asia or own some low-cost index funds in Asia and in Europe. That's how you stay rich, and that is diversification is your Kevlar... So, low-cost index funds diversified across asset classes and across geographies."
▶ Play at 16:463 creators recommend it, including Caleb Hammer and The Prof G Pod – Scott Galloway.
See all on the Low-cost index funds page"But I can tell you my company uses Salesforce and I can't imagine — I don't care if the next thing is free. We're just used to the user interface. We're used to the UI."
▶ Play at 24:5810 creators recommend it, including Jason Lemkin, 20VC with Harry Stebbings, and Carles Reina.
See all on the Salesforce pageWhat they recommend · 2 picks
"I still think you need to own some stocks in Asia or own some low-cost index funds in Asia and in Europe. That's how you stay rich, and that is diversification is your Kevlar......"
"But I can tell you my company uses Salesforce and I can't imagine — I don't care if the next thing is free. We're just used to the user interface. We're used to the UI."
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