Quote · The Prof G Pod with Scott Galloway
The Week: How Leverage Broke the AI Trade
Where this was said
Intro: The Week's Three Stories
At 2:00 · chapter starts 1:04
George Hahn introduces himself and the episode's three-part structure with characteristic economy: a hedge fund just blew up, South Korea's stock market plunged 44%, and the AI trade has found its floor; a generation locked out of financial security is taking bigger risks to get ahead; and Sam Harris has something clarifying to say about where we actually direct our attention. The brevity of this opening belies the richness of what follows — all three threads are connected by a single idea about leverage and the cost of deferring the present for a better future.
Jim Chanos argues that fraud always follows the financial cycle with a lag — and the longer the boom, the bigger the eventual reckoning. He's already named this era the Golden Age of Fraud, and says nobody prosecutes fraud at all-time highs because enforcement is political.
