Question for the AMA: We've done an episode on Scott's finances, now I want one on Ed's as well as his financial aspirations.
@2596mr
Ай бұрын
I don’t think he has that high of s net worth as he is still starting
@kalebbelcher4490
Ай бұрын
@@2596mr I assume his net worth isn't as high, but it's likely closer to that of the average viewer compared to Scott's very high net worth.
@AR-pe2ug
Ай бұрын
all the more reason to tune in, for many listeners we could relate more to Ed than Scott. the main difference between Ed and us is that Ed has direct access to Scott's knowledge and mentoring, so I'm very sure he's moving faster than most of us. Which is even more reason for me to want to know more about what he's been up to for 5 yrs and what his plan is for the next 10 yrs.
@kalebbelcher4490
Ай бұрын
@@AR-pe2ug this is exactly what I was thinking. He's relatable in that he's young but is in a unique position to move up as well. @ProfG we're ready for the details!
@golfinguru11
Ай бұрын
He comes from generational wealth. 80k boarding school to Princeton pipeline. You won’t learn much.
@KW-hk2jd
Ай бұрын
Nike is suffering from the American tendency to not understand the importance of design and because shareholders seem to think customers won’t notice how cheaply made something is.
@golfinguru11
Ай бұрын
The second part has always been true, though. Nike never made “high quality” products. What HAS changed is their lack of elite marketing and a clueless suit ceo with no insider knowledge.
@KW-hk2jd
Ай бұрын
@@golfinguru11 They never made high quality, but many are not interested in one notch above sweat shop, even with "elite marketing". And I realize the CEO might suck, but I don't get how the rest of the team is so talented and that doesn't shine through? No one was compelling enough to say, we don't have a vision here beyond digital?
@chrismartin5870
Ай бұрын
Prof G kids are going to learn a lot by supporting England...life lessons galore!
@ACPeoples
Ай бұрын
Football in Europe feels different than in America, but the same lessons are everywhere, you are aware of the US team story?
@industryrule-4080
Ай бұрын
Nike is too reliant on the “retro” sneakers that sell for 2-3x on the secondhand market rather than selling them to the consumers themselves. Also, the average product at Nike in every line is just crappy quality at a premium price.
@vhgfhfghj
Ай бұрын
Predicting an England win is one thing, predicting no goals for Spain quite another
@andybaldman
Ай бұрын
Scott does a great job at trying to convince everyone he isn't actually miserable inside.
@dhpdaedalusStudio
Ай бұрын
ahahaha. So true.
@ACPeoples
Ай бұрын
@@dhpdaedalusStudiowe are all miserable inside
@josephabraham4058
Ай бұрын
He has clearly shared how miserable he is more times than I care to hear.
@ACPeoples
Ай бұрын
@@josephabraham4058 thanks for sharing your tolerance threshold 🥹
@user-mu7vv7gb9f
Ай бұрын
He needs a visit from the ghost of Christmas past.
@rscx2458
Ай бұрын
Should have edited that opening before releasing today 😂
@andybaldman
Ай бұрын
Never.
@grumpygus81
Ай бұрын
That WAS the edited opening 😅
@timblagdon103
Ай бұрын
At last, someone is talking sense about the UK economy! Well done Prof G
@CuriousCrow-mp4cx
Ай бұрын
Regarding the UK not having enough money, the UK's Debt-to-GDP ratio at the end of World War 2 was 270%, and they managed created the NHS the rest of the Modern Welfare state with that debt burden. Was it easy? No; food rationing lasted well into the 1950s, and the tax burden became even higher than it is now. But they built homes and kickstarted the UK Economy, despite having to shed the the Imperial Markets system, and lose primary global reserve currency status. And we only finished paying off our war debt during the tenure of Gordon Brown as Chancellor in the early 2000s. But, and this is a big but, the ethos now is very much different. Thatcher is wasn't only an economic experiment, but a social one too, and although certain people wouldn't mind paying more tax, the distrust in politicians, and what governments do, is still a raw wound. And it's unsurprising since the track record of the self-anointed Natural Party of Government, proved to be tainted with incompetence, corruption, and grift. The last Labour government queered their own pitch, and so Starmer's Labour Party is treating their success like a Ming Vase. It's early days yet, so we'll have to see. But expectations are already low, so... We'll see.
@stephenphillips6245
Ай бұрын
Canada stopped building houses in the 60s, in which, hundreds of thousands of houses were built. Neoliberals hit the austerity button and life has been so hard since. Canadians don't have homes to be able to work and raise families were they live.
@ACPeoples
Ай бұрын
What?
@alexjjgreen
Ай бұрын
Nike was/is the brand of sports excellence but the landscape of regular people playing sports (not athletes) changed under its feet. Nikes value prop is "We make this stuff for the best athletes and you can have it too". Hoka, On, et al said "We design this stuff specifically for you".
@salvadorpuente8716
Ай бұрын
A nike analyst on CNBC said the problem isn't that Nike is too "fat" but exactly the opposite. Nike has had a lot of layoffs and they let go of many people that were very important to the brand. The people that were let go knew the brand and culture and were committed to Nike.... so the company is now a shell of it's former self.
@Dante_Delvegas
Ай бұрын
Smartest thing CNN could do is hire Ed, or a clone of him. Smart, youthful and has the gift of the accent.
@Nicole-yy1kn
Ай бұрын
Also deranged about trump and often misleads the audience 😂
@Nicole-yy1kn
Ай бұрын
Also smart???😂
@bmwn-am86
Ай бұрын
“It’s coming home!” 😂😂😂
@todorkolev7565
Ай бұрын
Ooh, missed win, Ed! "sex was too graphic"... "you saw that coming"... missed win...
@Yourmission9
Ай бұрын
We’re seeing not only a rapid consolidation of power in American government, but also in AI companies. Scary times for sure
@yamuiemata
Ай бұрын
When I saw the Microsoft and Apple news headlines, I immediately thought of Ed and his graph 05:45 😂 Someone important watches your podcast guys
@DankoStojanovic
Ай бұрын
Prof G learned how to say Adidas!
@EKHiggs
Ай бұрын
Ed it was a pleasure meeting you at the QBC in Quogue last week. I couldnt agree more with you on your Nike point. Going to the Niketown store in NYC or Boston or elsewhere I knew I was walking out of there with something even if I didnt need a $150 pair shoes. I went to an outlet recently, and while I know this is not the same, I could not wait to get out of that store. It was so boring and unappealing I couldnt even begin to look at products. Sorry about England mate at least you dont have to root for USMT
@2GRANN
Ай бұрын
Given that you’re now targeting ads to Jensen Huang, how effective have these ads been, and has it been worth incorporating your KZitem podcasts?
@str1cklybizn3ss67
Ай бұрын
change begins small, Ed.
@njlillegard
Ай бұрын
The University of Oregon comment hits home. Hundreds of our grads (I teach at the UO B-School) want to work there, and probably more than 100 end up there yearly through contract positions and other roles. It's not only about the stock value for employees; as one of the biggest employers in the Portland area, it trickles down to all sorts of things: cars, real estate, and high-end anything. Nike will bounce back, but it will be a challenging ride in Beaverton for a while.
@augustoliver2779
Ай бұрын
I have a pair of Ons and it kind of sucks.
@stephenphillips6245
Ай бұрын
Went to a Nick outlet in 2013 and it was awesome and had tons to choose from...5 yrs later selection dropped in half and prices were up on shoes that were far less quality wise.
@tombesson7293
Ай бұрын
I bought a pair of Cortez running shoes at Nike's first store in Eugene, Oregon, in 1972. Also got to watch Steve Prefontaine running, no, springing like a gazelle, through the streets while washing dishes at my apartment's kitchen window. Nike shoe quality was much better back then.
@crunchycho
Ай бұрын
shavings of shit on a shit salad... had me thinking about Mr lahey, Mr almost-lahey XD
@gavinertl7363
Ай бұрын
Ed’s take on Nikes diminishing brand power is spot on. In the last call it 5-7 years, they have done nothing but rely on past successes. Todays Nike feels no different than Champs. Quality is poor and tons of SKU with zero thought put into them. As someone who WANTS to be a Nike consumer, they’ve legit made it incredibly difficult.
@Bholla11_
Ай бұрын
There’s a lot more to it than a brand issue. Poor leadership is more to blame and lack of direction. Internally they have a good amount of issues to address.
@golfinguru11
Ай бұрын
First, Champs doesn’t sell their own shoes. They mostly sell Nikes, ironically. Second, Nike still makes a ton of cool stuff, they just aren’t marketed properly. They never made anything innovative and were built off Weiden + Kennedy brilliance. I hope Scott speaks on that aspect because it’s at the forefront of their demise to me.
@Jgarcia2320
Ай бұрын
BIG 5 jinks!
@user-dm84
Ай бұрын
Legend has it that it's still coming home.
@draganarihanna
Ай бұрын
Question for AMA: How does your typical day look like? Do you have any book recommendations?
@dividendpapi1154
Ай бұрын
AMA: Why is prof Scotty using so much filter? Bro we love you for you!
@georgelien
Ай бұрын
I didn’t see that coming 😂 That was a really good joke !
@gordonsteen8415
Ай бұрын
Brand, but fashion is fickle. Nike is not Rolex.
@oliverbondwalker5109
Ай бұрын
Two questions for AMA. I joined the us navy (enlisted) as an 18 year old. I will be getting out soon (2 years) and now with the added support of free college and being a veteran with “leadership” experience and other hard hitting résumé bullet points; how would you two recommend starting your career at 25 with my resources (and lack thereof. I would think taking advantage of the free college and trying to go to the best school possible now that I’m not limited by my poor parents’ resources. I would also like to get your guys’ take on what you guys wish you studied in college. Ed it looks from your LinkedIn you have a degree in Classics which sounds like a terrible idea, but here you are killing it. Is networking, the university alumni network and self development in college more important than the degree anyway? Thanks
@user-kg1od9es5d
Ай бұрын
We don’t need more govt spending. Perhaps you should do an intro module on microeconomic…
@SirAdamMeek
Ай бұрын
You need to take a look at who Nike had on it's Affiliate Roster. When Tiger was having his problems, Nike was, financially, too. Kyrie Irving, Ja Morant, Tom Sachs, and the Olympic Track Uniforms for Women come to mind in that timeframe.
@mattinterweb
Ай бұрын
Longed the FTSE UK250 last week. Cheap as chips. Chart looks good too.
@with-inreason
Ай бұрын
Question for AMA: Hi Scott, could you give any advice to someone trying to transition careers? I'm a Support analyst at a bank but would like to transition to a Finance Analyst role...would like to hear your thoughts on navigating such a transition in terms of both skill set and managing emotional expectations Thanks! Love the podcast
@KK-pm7ud
Ай бұрын
The board of Njke hired a COO and put him in the CEO's chair. They have to hire a strong brand person from within and put them in the top spot with a good mentorship with a prior Nike CEO that was successful if possible.
@HelsinkiWalks
Ай бұрын
Question for the AMA: how ed elson feels that Scott always teases him
@ACPeoples
Ай бұрын
26:41 Nike has been relying too much on the past and they need to think more about the future. Look at all the top selling Nike's over the past years, they are all old reissues / new old drops
@autohelix
Ай бұрын
I used to really like Nike Dri-fit gym shorts, but the last pair I got the quality was just absolutely terrible. They are just a lot more options on the market today including ones that are definitely cheaper.
@rileyandersen7346
Ай бұрын
Nike feels like a discount store now.
@CarolWright-j9h
Ай бұрын
If you were on CNN, Scott, I would watch. Seriously.
@theBROKEbroker
Ай бұрын
He got fired from several shows Why? Because he’s Scott he says what he wants and they’re to soft they can’t handle his talent haha
@CarolWright-j9h
Ай бұрын
@@theBROKEbroker He has a perspective that's not represented on CNN and other adjacent media outlets. His analysis is more often than not based on data - shocker that some people actually care about data to support or debunk a claim/argument.
@ty_vorhies
Ай бұрын
Def funny opening 😂😂
@jtrealfunny
Ай бұрын
6:00 Great and revealing comments on the way the AI landscape is evolving.
@rosanneandjosietravels
Ай бұрын
Nike has amazing talent. I believe if management can empower them to think creatively again and reignite the passion that makes Nike extraordinary....you will see it take off. Stay tuned.
@BlockheadLabs
Ай бұрын
I was an ON ambassador for awhile. Tried all the products. I think they are the new Nike… heavy on brand, great for status, but average for athletes. Shoes are fine if you have narrow feet. All the apparel is trash.
@jackryan2135
Ай бұрын
Have to be completely insane to live in England if you have any amount of money. Weather makes it utterly unlivable.
@tutornick
Ай бұрын
actually, I know many Europeans, Asians and Americans who love the cool weather in the UK and hate the stifling heat they have to suffer in the summer...UK has a climate that is very liveable and comfortable. But i agree, we could do with more blue skies!
@johannforbes3252
Ай бұрын
So here an AMA question for Ed. How did you get your job? What was the interview process? Does Scott have a casting couch situation?
@djdag2000
Ай бұрын
I just come here for the jokes. Greetings from Germany.
@theodortomas
Ай бұрын
I should have shorted Nike 2 years ago when I was unable to order gym shoes to Cyprus. I bought On shoes instead.
@JayDee28
Ай бұрын
question for AMA: The US seems to be running away with all future technologies. Since the knowledge is widely available and assuming that talent is evenly distributed, what does the US do better than everybody else?
@guillaumenguyen7095
Ай бұрын
Congratulations on your podcast ! Very insightful as always. I fully agree with you on Nike brand assessment, beyond stores the quality of the products especially shoes is falling apart. I believe that is where brands like on and hoka have captured market share.
@2596mr
Ай бұрын
They can easily bounce back on that. Their R&D has enough learnings
@plusev7257
Ай бұрын
What is this Ahdidas?
@surgicalcapscom
Ай бұрын
UK's Shecky Greene & Ed
@airflight1989
Ай бұрын
I live in Asia. I would rather wait til I travel to Vietnam or China and buy a replica that is as good as the original. I converted to reps when a couple pair of Jordan 4’s that i took great care of just started falling apart. I feel like quality really went down around the mid 2000’s. Either up the quality or come out with cool affordable shoes.
@sidharthpattabhiram
Ай бұрын
I feel Ed felt bad about the tshirt :)
@sanesanyo
Ай бұрын
Predicting 2-0 for England is definitely one of the most ridiculous prediction I have seen for a while. Given how defensive Southgate was playing, I could believe 0-0 and winning on penalties. No way England was ever winning 2-0 against Spain.
@ReasonableHuman1
Ай бұрын
tnx
@BlazingShackles
Ай бұрын
Theres a bit of an energy lull in this podcast. You need a 3rd talking head, someone with humor, grit, and fearlessness. Call my agent.😋🤔😎
@neilmoran9988
Ай бұрын
Skeletor thinks he is a comedian!!! LOVE IT!
@TheRustyLM
Ай бұрын
Crap appearance/quality shoes, the new Nike products. The Vintage and the Chuck Taylor’s are still good.
@ThaidUp
Ай бұрын
Their recording date exposed LOL
@Mr.Eeeeeeeee
Ай бұрын
Great show! I’ve been looking at Nike and you are correct that it is probably near the bottom. CEO needs to be shown the door and they need to refresh the brand. UK is the model Trump supporters need to consider when advocating for closed borders. UK thought that they were carrying the EU and wanted to keep immigrants out. That lead to massive inflation and anemic economic growth compared to the rest of the first world. Tariffs and building walls in the US will have a similar effect.
@mattinterweb
Ай бұрын
Totally agree with Ed. Although I think Labour are doing the right things to steady the ship, they need to be more ambitious. But this is modern democratic politics - its hard to get things done so don't over promise....
@edwardnissan
Ай бұрын
What about the horrific illegal migration to UK?
@parthjaiswal1328
Ай бұрын
Its coming home😂😂
@RDMCWILL
Ай бұрын
There is some guy on TikTok posing as you and selling crypto
@elizabethcarolan1409
Ай бұрын
NIke....missing Yeezy.
@mariannerady1137
Ай бұрын
you know we watch you here on youtube, right 😅 podcast face... there's a reason you guys have 233k subs 😉
@MonkeyboyGoku
Ай бұрын
Master Apprentice Synergy Energy
@cobraspottedwolf8791
Ай бұрын
I think Spain won
@HelmutRockstroh
Ай бұрын
Whenever I‘m in a store comparing NIKE to the ADIDAS equivalent, ADIDAS wins every time. IMO quality at N. has never matched that of A. Remember the Basketballers pitching for N and the minute they were out of the spotlight they put on their ADIs. And now the elites are sporting ONs and that ADIDAS nondescript fit everywhere street sneaker(Sounds like the VW Beetle of yore), Basketball is fading… Your turn.
@jenniferstrbac6009
Ай бұрын
Nike tennis gear for the world's greatest tennis players says it all. Atrocious.
@seanowens1006
Ай бұрын
Don't worry, Nike can get those kids at the sweatshop to work OT and crank out more shoes to prop up sales. Profits up next quarter and the execs will rake in some bonuses!
@RomeoMan
Ай бұрын
😅 It’s never coming home 😂😂😂
@brendanreid8241
Ай бұрын
Olympics should give Nike a tone of exposure I expect a bounce prior the Olympics quarter.
@danwilliamson1991
Ай бұрын
For Adidas?
@brendanreid8241
Ай бұрын
@@danwilliamson1991 for both companies. It’s always has been a huge event for marketing sports apparel
@miravlix
Ай бұрын
We have entered the dusk of brands where they desperately do things to fix the thousand cut demise, not just Nike, it's everyone, because who the hell care about it in a modern Internet world, where a brand is some weird person making videos, not items. I can't be cool in my new Nikes in a virtual world, I actually need a cool personality instead. So why pay for those expensive brands when I can pretend to wear anything, while sitting in my off brand underwear.
@bvanderford
Ай бұрын
Nike brand seems cheap and worn. Overpriced and asleep at the wheel
@bibbidi_bobbidi_boob
Ай бұрын
Ya that shit pisses me off I want SHEIN AND RASPBERRY PIE on US Markets - Preferably the new TEXAN EXCHANGE ⚡️⚡️⚡️ everything is bigger in Texas - we don’t want them too big ya know lol
@Jfromes1
Ай бұрын
Nikes are overpriced, low quality and simply dated
@tombesson7293
Ай бұрын
Question for the AMA: What is the advantage of investing with index funds? Alternatively, are you going to believe me, or your own lying eyes?
@Bryanbkk
Ай бұрын
Huh?
@tombesson7293
Ай бұрын
@@Bryanbkk My apologies for the confusion. It was my poor attempt at humor. Investing in index funds works to the investor's advantage over an individual's stock picking most of the time. Someone who tells you that they can perform better than using a stock index fund is pulling your leg. Again, sorry for getting you to scratch your head.
@Bryanbkk
Ай бұрын
@@tombesson7293Got it, but I hope you’re not trying to take on the powerful opinion industrial complex. 🎉
@tombesson7293
Ай бұрын
@@Bryanbkk Hard to know. When you're up against the powerful Opinion Industrial National Complex (OINC! Like the sound a pig makes.), anything can happen.
@Redcrane05
Ай бұрын
Jake Tapper? Jake Tapper? Jeez.
@rhiannonskyeole
Ай бұрын
...damage done, case closed; right ED? OpenAI is doomed.🎉🎉🎉😂😂😂
@bibbidi_bobbidi_boob
Ай бұрын
Smfh lol Prof G has a special kind of disorder. The good kind haha thanks guys
@karlwenthold4662
Ай бұрын
Boomshakalaka
@str1cklybizn3ss67
Ай бұрын
spoiler alert: it didnt come home.
@vlrdmtr
Ай бұрын
If your predictions and speculations for the market are as good as your prediction of who’s winning the Euro I’ll start watching the first couple minutes of the podcast just for the dirty dumb jokes 😂
@OmitsBagels
Ай бұрын
Today's number: Second post
@townie30120
Ай бұрын
Nike forgot that people aren’t wearing Members Only jackets, Jordache jeans, & Izod shirts anymore.
@MercuryCold
Ай бұрын
Nike has made a shit product for decades.
@scipio4fricanus
Ай бұрын
I expect that once Scott starts paying full UK taxes he will change his tune and relocate away from the UK.
@nerdistry
Ай бұрын
How does he not pay full UK taxes if he lives there?
@ACPeoples
Ай бұрын
Only poor people pay FULL taxes.
@1daves
Ай бұрын
@@nerdistrybless
@scipio4fricanus
Ай бұрын
@@nerdistry Non dom regime which is about to be abolished. Once this happens only an idiot would remain the UK.
@scipio4fricanus
Ай бұрын
@@ACPeoples If you are tax resident in the UK there are not many loopholes and once the non dom regime goes most rich people who can leave will.
@BlazingShackles
Ай бұрын
I know all youz betchez hate my comments but Im so dead on accurate you cant ignore me.
@jessicadavis2244
Ай бұрын
TODAY’S NUMBER: 2-1 Spain England fans need to learn this: YOU’RE NOT GOOD AT FOOTBALL!
@kuchzaddy6506
Ай бұрын
Maybe I misunderstood but it sounded like Scott said Android is owned by Microsoft. It's not. Google owns and continues to develop Android.
@1daves
Ай бұрын
Ed thinks Elon is lazy and doesn’t know any of the technical details. Thats probably the worst take from him yet! Too much NYT for this one.
@marcialabrahantes3369
Ай бұрын
the Hispanics took it boys, sorry
@BodyByBenSLC
Ай бұрын
43:00 but it's not effective! We don't have e self driving taxis he promised in 2016. Starlink 40,000 low orbit satellite internet that cost $100 a month, how is that profitable?
@Roan-xj1mg
Ай бұрын
I guess since you don't like Musk, he can't make money. Because that's how businesses work...
@FighterFlash
Ай бұрын
Soccer! Hurry up and talk about Trump!
@mattinterweb
Ай бұрын
Football.
@johnpaulpm
Ай бұрын
Why?
@bigtelco4705
Ай бұрын
Nike doesn’t make wide sizes, missed the boat that Hoka and New Balance are driving. I’d love to wear Nikes- they don’t fit and don’t perform. I don’t care if an NBA player wears them.
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