E162: Live from Davos! Milei goes viral, Adam Neumann's headwinds, streaming's broken model & more
- Jan 19, 2024
- 1:38:29
- Full Episode
(0:00) Live from the WEF: "Oh Davos, Kumbaya" (4:25) Why Davos lost its luster, plus major moments: Milei's speech, Jamie Dimon on Trump (21:53) Boeing's regulatory capture leading to negative impact on consumer safety (35:16) Adam Neumann facing familiar challenges at his new startup, Flow (50:24) Evaluating "tech-enabled businesses" vs. traditional businesses that are utilizing technology (1:00:47) Streaming at a crossroads: is the business model broken? (1:20:51) Science Corner: New study on microplastics in water bottles (1:32:42) All-In Poker
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Referenced in the show: https://twitter.com/dschlopesisback/status/1747025441825640681 https://twitter.com/davidsacks/status/1747724966941139276 https://twitter.com/andrewrsorkin/status/1746723727574794537 https://twitter.com/Jason/status/1746951952578298264 https://twitter.com/aphysicist/status/1747868626948907325 https://www.weforum.org/agenda/2024/01/special-address-by-javier-milei-president-of-argentina https://www.opensecrets.org/federal-lobbying/clients/summary?id=D000000100 https://www.opensecrets.org/federal-lobbying/top-spenders https://www.youtube.com/watch?v=wXMO0bhPhCw https://www.dodig.mil/reports.html/article/2871623/audit-of-the-business-model-for-transdigm-group-inc-and-its-impact-on-departmen https://www.google.com/finance/quote/TDG:NYSE https://stacksonmain.com/gallery https://www.societylasolas.com/photogallery https://therealdeal.com/national/nashville/2024/01/12/adam-neumann-faces-shortfalls-on-flow-property-in-nashville https://nypost.com/2024/01/11/sports/inside-nbcs-100-million-peacock-nfl-playoff-game-gamble https://www.sportsvideo.org/2024/01/16/peacocks-nfl-playoff-exclusive-sets-live-streaming-records https://www.businessofapps.com/data/disney-plus-statistics https://www.businessofapps.com/data/netflix-statistics https://finance.yahoo.com/news/americans-are-canceling-more-streaming-plans-as-prices-balloon-153035743.html https://www.manscaped.com/products/crop-preserver-manscaping https://www.pnas.org/doi/10.1073/pnas.2300582121 https://www.xometry.com/resources/materials/polyethylene https://www.bpf.co.uk/plastipedia/how-is-plastic-made.aspx https://www.reuters.com/business/environment/france-bans-plastic-packaging-fruit-vegetables-2021-10-11 https://www.pbs.org/wgbh/frontline/documentary/plastic-wars
Brief Summary
The episode discusses the World Economic Forum in Davos, notable speeches, elite culture, and issues like regulatory capture and microplastics.
Key points
- Davos 2023: A Shift in Perception. The World Economic Forum has transformed from a prestigious event to one requiring apologies for attendance.
- Milei's Powerful Speech. Javier Milei's speech at Davos challenges collectivism and advocates for free markets, resonating widely.
- Boeing's Regulatory Capture. The discussion highlights how regulatory capture has compromised safety in the airline industry.
- Trans Group's Excess Profits. An audit reveals Trans Group's excessive profits due to lack of competition in the aerospace parts market.
- Adam Newman's Vision. Adam Newman had a compelling vision for apartment living, but execution faltered.
- Commercial Real Estate Challenges. The commercial real estate market is struggling, with many waiting for interest rates to drop.
Episode highlights
- Davos 2023: A Shift in PerceptionThe World Economic Forum has transformed from a prestigious event to one requiring apologies for attendance.“It's almost like embarrassing now that you are associating yourself with the elite cabal.”6:07Jan 19, 2024
- Milei's Powerful SpeechJavier Milei's speech at Davos challenges collectivism and advocates for free markets, resonating widely.“The West is in Jeopardy.”17:43Jan 19, 2024
- Boeing's Regulatory CaptureThe discussion highlights how regulatory capture has compromised safety in the airline industry.“The government has not been the supporter of the safety agenda that citizens think.”22:06Jan 19, 2024
- Trans Group's Excess ProfitsAn audit reveals Trans Group's excessive profits due to lack of competition in the aerospace parts market.“Trans earned excess profit of at least $21 million on spare parts.”29:38Jan 19, 2024
- Adam Newman's VisionAdam Newman had a compelling vision for apartment living, but execution faltered.“He had a great vision and achieved it, but financial aspects were overlooked.”41:15Jan 19, 2024
- Commercial Real Estate ChallengesThe commercial real estate market is struggling, with many waiting for interest rates to drop.“All the commercial real estate guys are hanging on by their fingernails.”45:42Jan 19, 2024
- The Rule of 40 for SaaSA simple metric for evaluating SaaS businesses: operating margin plus growth rate should equal 40.“You could have a SaaS business with a 20% operating margin and a 20% growth rate and that would hit the rule of 40.”59:42Jan 19, 2024
- Streaming Wars: The Churn ProblemAs streaming services cut offerings, churn rates skyrocket, leading to subscription burnout.“Subscription overload is real; I think I have seven of these!”1:02:51Jan 19, 2024
