Subscribe now and watch my free trend following VIDEO.

Ep. 593: Scott Galloway Interview with Michael Covel on Trend Following Radio

Scott Galloway
Scott Galloway

Subscribe to Trend Following Radio on iTunes

Scott Galloway is a professor at New York University Stern School of Business teaching brand strategy and digital marketing. He has started nine firms and his weekly YouTube series has generated millions of views. Scott is also author of “The Four: The Hidden DNA of Amazon, Apple, Facebook and Google.”

Amazon, Apple, Facebook and Google are arguably the most influential entities in the world. These companies have deconstructed who humans are as a species and reassembled who humans are, in the form of for-profit companies. They have scaled up so fast and become so successful by understanding humans most common questions and producing answers instantly. Scott breaks down the specific reasons each of these companies have individually thrived: Google = God, Facebook = Love, Amazon = Consumption, and Apple = Sex.

Mediocre and cheap products have been pushed in years past. However, people have new tools allowing them to practice due diligence and find what product is best for them personally. A better product is the best and only way to brand in today’s marketplace. With customer reviews built into Google and Amazon, they have changed the entire course of how people buy.

These four companies have done a lot of good, but have they become so big that they have become bad for society? In some ways, they are leveraging their power to unhealthy heights. Amazon, Apple, Facebook and Google yield more money and more power than some foreign governments. This has allowed them certain privileges such as tax avoidance and immunity to government oversight. What is another negative? Amazon has literally sucked the oxygen out of other top companies such as Nordstrom, Macy’s, and Sears. Facebook and Google have taken over the digital marketing world. If you are not working with Facebook or Google, then you are marketing with newspapers or magazine — rapidly declining markets. Amazon, Apple, Facebook and Google are not only in zero sum markets, they are creating zero competitors.

What are some great leadership qualities from these top companies? Jeff Bezos, for example, has always kept a long term outlook on consumption rather than short-term. He also has combined fast and free service. Tim Cook has tripled the value of Apple. Apple is the first company in history to have great quality and spend extremely low on production. Facebook has shown tremendous agility in their management. Michael and Scott finish the conversation talking government, and how these companies yield their power in the political arena.

In this episode of Trend Following Radio:

  • Amazon, Google, Apple, and Facebook
  • Eco system of Silicon Valley
  • Zero sum nature of Amazon
  • Jeff Bezos
  • Tim Cook
  • Mark Zuckerberg
  • Political views of Amazon, Google, Apple, and Facebook
  • Strong leadership qualities
  • Monopolies

Mentions & Resources:

Listen to this episode:

Ep. 584: Listening with Michael Covel on Trend Following Radio

Listening with Michael Covel on Trend Following Radio
Listening with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Statistical analysis, understanding, and critical thinking has been thrown by the wayside in today’s culture. Most of modern life and modern views have done away with looking at numbers, track records, and data.

In this episode of Trend Following Radio:

  • Cognitive dissidence
  • Zero sum game
  • Confirmation bias
  • Importance of track records
  • Checking out the data

Mentions & Resources:

Listen to this episode:

Abdallah Salem el-Badri Plays Dumb About The Zero Sum Nature of Markets and Speculation

OPEC chief Abdallah Salem el-Badri pumps the propaganda:

“The fundamentals should not lead to this dramatic reduction (in price). I believe that speculation has entered strongly in deciding these prices.”

Name a time when speculation did not play a role in markets? Asked why speculation was back, el-Badri said:

“I have no idea.” [Covel: “WTF!”]

Speculation never went away. The markets are zero sum. There will always be winners and losers. Some, like Abdallah Salem el-Badri, don’t like to lose and unnamed speculators thus get positioned as “bad”.

Bottom line, speculators just happen to be the wise winners this time.

Note: Read this:

speculation dickson watts

Learn to be a trend following trader.
Sign up free today.