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NYU Professor Scott Galloway Puts Tesla and Lyft in the Same Category as WeWork

14 points by muzz 7y ago

buboard 7y ago
Tesla is a good way to fund research for spaceX thou
- mamon 7y ago
  Company that loses money every quarter cannot fund anything.
  - buboard 7y ago
    their battery and motor research are used in spaceX too. I 'm not saying they re making profits, but they have large market cap
solidasparagus 7y ago
While Galloway is always interesting, I felt like this was not one of his better posts - the thinking feels quite shallow. - Those graphs seem poor. He took a small sample size and drew the trend line that fit his narrative even though the data sure doesn't look to me like it can be fit with a linear trend line. - I don't think any analysis of Vision 1's success or failure can be judged solely on short-term returns given Son's described long-term vision. NVIDIA and Uber are shown as failed investments in this piece, but, while I'm certainly no expert in the area, it seems like both companies are quite well positioned for long-term success as dominant leaders in their industries. - The Vision Fund is sure fun to shit on, but I'm not 100% sure what they've done to deserve being described as criminals. - That is definitely not the right definition of addiction. - I'd be curious to hear more about his evaluation of Robinhood. I've used both Schwab and Robinhood for quite a while and in my mind Robinhood's advantage has been less about the fees and more about Robinhood being a tech-focused company that makes interacting with the stock market so much more convenient than Schwab does.
- pmart123 7y ago
  They already dumped Nvidia for a loss I believe: https://www.cnbc.com/2019/02/06/softbank-vision-fund-sells-nvidia-stake.html https://www.cnbc.com/2019/02/06/softbank-vision-fund-sells-n...
  - solidasparagus 7y ago
    Interesting, thanks for sharing. That seems like a very shortsighted time to cut and run from NVIDIA, but they probably spent more time thinking about it than I have.
jmpman 7y ago
Lyft, sure. Tesla? Maybe he hasn’t driven one? It’s just a better car than a BMW 3-Series. If the Tesla truck is better than an F-150....
- vmurthy 7y ago
  I think the Prof covers it here "...Yes, he is a genius, Tesla has changed the world for the better (I believe this). And … Tesla doesn’t have the scale to compete in a well-run, low-margin business — auto." I'd love to hear counter-arguments..
  - MarkMc 7y ago
    Low-margin yes, but is the motor vehicle industry really so well run? GM was the biggest auto company in the world for decades, then it basically went bankrupt. Toyota has been blindsided by both electric and self-driving technology. When will a Volkswagen car get 'sentry mode' which can identify the person who keys it? The incumbents have enormous corporate inertia which has allowed the smaller Tesla to develop a better car. And by the time the big guys catch up, Tesla will have the scale needed to compete
    - m0zg 7y ago
      >> self-driving technology Which _does not exist_ yet, and will not exist for at least another decade in a form that can be mass-deployed on public roads without causing mayhem.
    - SideburnsOfDoom 7y ago
      > but is the motor vehicle industry really so well run? Is Volkswagen well run? Judge for yourself: https://en.wikipedia.org/wiki/Volkswagen_emissions_scandal https://en.wikipedia.org/wiki/Volkswagen_emissions_scandal https://www.bbc.co.uk/news/business-47578888 https://www.bbc.co.uk/news/business-47578888 https://www.theguardian.com/business/2019/sep/30/volkswagen-emissions-scandal-mass-lawsuit-opens-in-germany https://www.theguardian.com/business/2019/sep/30/volkswagen-...
itcrowd 7y ago
Original URL (business insider simply copy / pasted): https://www.profgalloway.com/mdma https://www.profgalloway.com/mdma Tiny previous discussion: https://news.ycombinator.com/item?id=21163923 https://news.ycombinator.com/item?id=21163923

14 points by muzz 7y ago

buboard 7y ago

Tesla is a good way to fund research for spaceX thou

mamon 7y ago
Company that loses money every quarter cannot fund anything.
- buboard 7y ago
  their battery and motor research are used in spaceX too. I 'm not saying they re making profits, but they have large market cap

solidasparagus 7y ago

While Galloway is always interesting, I felt like this was not one of his better posts - the thinking feels quite shallow. - Those graphs seem poor. He took a small sample size and drew the trend line that fit his narrative even though the data sure doesn't look to me like it can be fit with a linear trend line. - I don't think any analysis of Vision 1's success or failure can be judged solely on short-term returns given Son's described long-term vision. NVIDIA and Uber are shown as failed investments in this piece, but, while I'm certainly no expert in the area, it seems like both companies are quite well positioned for long-term success as dominant leaders in their industries. - The Vision Fund is sure fun to shit on, but I'm not 100% sure what they've done to deserve being described as criminals. - That is definitely not the right definition of addiction. - I'd be curious to hear more about his evaluation of Robinhood. I've used both Schwab and Robinhood for quite a while and in my mind Robinhood's advantage has been less about the fees and more about Robinhood being a tech-focused company that makes interacting with the stock market so much more convenient than Schwab does.

pmart123 7y ago
They already dumped Nvidia for a loss I believe: https://www.cnbc.com/2019/02/06/softbank-vision-fund-sells-nvidia-stake.html https://www.cnbc.com/2019/02/06/softbank-vision-fund-sells-n...
- solidasparagus 7y ago
  Interesting, thanks for sharing. That seems like a very shortsighted time to cut and run from NVIDIA, but they probably spent more time thinking about it than I have.

jmpman 7y ago

Lyft, sure. Tesla? Maybe he hasn’t driven one? It’s just a better car than a BMW 3-Series. If the Tesla truck is better than an F-150....

vmurthy 7y ago
I think the Prof covers it here "...Yes, he is a genius, Tesla has changed the world for the better (I believe this). And … Tesla doesn’t have the scale to compete in a well-run, low-margin business — auto." I'd love to hear counter-arguments..
- MarkMc 7y ago
  Low-margin yes, but is the motor vehicle industry really so well run? GM was the biggest auto company in the world for decades, then it basically went bankrupt. Toyota has been blindsided by both electric and self-driving technology. When will a Volkswagen car get 'sentry mode' which can identify the person who keys it? The incumbents have enormous corporate inertia which has allowed the smaller Tesla to develop a better car. And by the time the big guys catch up, Tesla will have the scale needed to compete
  - m0zg 7y ago
    >> self-driving technology Which _does not exist_ yet, and will not exist for at least another decade in a form that can be mass-deployed on public roads without causing mayhem.
  - SideburnsOfDoom 7y ago
    > but is the motor vehicle industry really so well run? Is Volkswagen well run? Judge for yourself: https://en.wikipedia.org/wiki/Volkswagen_emissions_scandal https://en.wikipedia.org/wiki/Volkswagen_emissions_scandal https://www.bbc.co.uk/news/business-47578888 https://www.bbc.co.uk/news/business-47578888 https://www.theguardian.com/business/2019/sep/30/volkswagen-emissions-scandal-mass-lawsuit-opens-in-germany https://www.theguardian.com/business/2019/sep/30/volkswagen-...

itcrowd 7y ago

Original URL (business insider simply copy / pasted): https://www.profgalloway.com/mdma https://www.profgalloway.com/mdma Tiny previous discussion: https://news.ycombinator.com/item?id=21163923 https://news.ycombinator.com/item?id=21163923