Why Following Your Passion Might Be Holding You Back with Scott Galloway

Ever wonder what true wealth is? In today’s episode, I sit down with Scott Galloway, a fierce thinker, NYU professor, and one of the most influential voices on business, technology, and modern society. Scott pulls no punches as he redefines what it means to be truly wealthy—and why it goes beyond the numbers most people think about. Together, we confront the gap between appearances and actual financial security, touching on the lifestyle traps that can lead high-earners to economic stress, while those who live strategically build lasting wealth. Scott and I also dig into the concept of following your passion. For all the young people out there, Scott makes a compelling case for honing your talents in practical fields, building toward mastery rather than just "following dreams." We’re breaking down what it really takes to succeed in a world that loves glamorizing the "overnight success" without showing the grit behind it. We also tackle the future of artificial intelligence and what it means for today's workforce. Scott warns us that AI itself isn’t the enemy, but ignoring its potential impact on every job market could be. For anyone worried about the future, his advice is simple but profound—learn the tools of the new economy so you're always ahead of the curve. Finally, we take a hard look at some tough societal issues, from the challenges facing young men today to the influence of social media on youth mental health. Scott’s unapologetic take on the need for positive male role models, community involvement, and emotional resilience is a wake-up call to us all. Key Takeaways: True Wealth: Why wealth is about security, not salary, and how to focus on what really matters. Practical Passion: The balance between passion and talent, and how to build a career that sustains both. AI Advantage: How to future-proof your career by mastering the essentials of AI. Building Strong Men: The importance of male mentorship and community in shaping resilient young men. Social Media’s Toll: The hidden costs of social media on youth mental health and what to do about it. This episode isn’t just an interview; it’s an education in life strategy. Tune in, take notes, and be ready to rethink how you approach wealth, success, and influence in every part of your life. Get ready to dive into some of the most essential, unfiltered life advice you will ever get! Learn more about your ad choices. Visit megaphone.fm/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Ed Mylett?

  So hey guys, listen, we're all trying to get more productive. And the question is, how do you find a way to get an edge? I'm a big believer that if you're getting mentoring or you're in an environment that causes growth, a growth-based environment, that you're much more likely to grow and you're going to grow faster. And that's why I love Growth Day. Growth Day is an app that my friend Brendan Burchard has created that I'm a big fan of. Write this down, growthday.com/ed. So if you want to be more productive, by the way, he's asked me, I post videos in there every single Monday that gets your day off to the right start. He's got about $5,000, $10,000 worth of courses that are in there that come with the app. Also, some of the top influencers in the world are all posting content in there on a regular basis, like having the Avengers of personal development and business in one app. And I'm honored that he asked me to be a part of it as well and contribute on a weekly basis, and I do.

• 0:45Ed Mylett?

  So go over there and get signed up. You're going to get a free, tuition-free voucher to go to an event with Brendan and myself and a bunch of other influencers as well. So you get a free event out of it also. So go to growthday.com/ed. That's growthday.com/ed. I hear so many small business owners say the exact same thing. They just never have enough time in the day. Well, I measure time differently. I've compressed, condensed, heck, I've bent time. My first day is 6:00 a.m. to noon. My second day starts at noon and goes till 6:00 p.m. And my third day, 6:00 p.m. to midnight. I now get 21 days a week. Stack that up over a month, over a year, over five years, and my life's completely different than it would have been otherwise.

• 1:27Ed Mylett?

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• 2:05Ed Mylett?

  This episode is brought to you by Michelob Ultra. Good times mean competitions between you and your friends. Like seeing who can throw some pigskin the farthest or rush the field the fastest. Winner gets an ultra because it's not just a superior light beer. It's also giving fans superior access to their favorite sporting events. Superior is worth playing for. Visit michelobultra.com slash superior access to enter. Enjoy responsibly. Copyright 2026 Anheuser Busch InBev Michelob Ultra Beer, St. Louis, Missouri.

• 2:38Speaker 01

  This is the admire show.

• 2:42Ed Mylett?

  Hi, everybody. Welcome back to the show. So the gentleman that's on the show today, I've wanted to have him on for a long time. I've been a fan of his work. If you're old enough, you remember like the Dos Equis guy, like the most interesting man in the world. I kind of consider my guest today, that guy.

• 2:56Scott Galloway?

  Oh, God, go on.

• 2:58Ed Mylett?

  It's true.

• 2:59Scott Galloway?

  Sharks have a week about me, Ed.

• 3:02Ed Mylett?

  It's I'm telling you, the reason is, is you can ask him about almost any topic, whether it be money or current issues, the economy, social stuff, emotions, you name it. He's just so well spoken on so many different things. He's a contrarian thinker to some extent. He's also a very intense guy and he speaks his mind. I don't agree with him on every single thing he says, but I find myself nodding and cheering for a lot of the things that he talks about. Been very successful in business, had some exits, had some stuff that hasn't worked out as well, but he's become a very, very wealthy man, young in his life as well. Teaches at NYU. He's a professor of marketing there, but this guy is the real deal and his brand's exploded the last few years. So successful podcast as well. That's probably enough. Let's get into the conversation.

• 3:46Ed Mylett?

  So Professor G, Scott Galloway, welcome to the show.

• 3:49Scott Galloway?

  Thanks so much. And let me just say, Ed, I'm really enjoying this podcast so far. So far, it's just working for me and you're being, thanks for your generous comments.

• 3:57Ed Mylett?

  It's true, though. I mean it. And that's why, you know, I do a lot of intros. They're not always that long or that complimentary. So got a book out right now called The Algebra of Wealth. He's had a bunch of different books that have crushed, but I'm going to ask you about wealth first because I think you have a really interesting statement about what it is. What is wealth by definition for you? Like the definition of wealth is what?

• 4:20Scott Galloway?

  Having an absence of economic stress so you can focus on your relationships. Rich is the kind of the people see wealth is the things that people don't see. I love this quote from. It was called The Little Prince, this great little movie when I was a kid and it said, "The essential is invisible to the eye. Real wealth is invisible to the eye." And it means that you have enough economic security that you can focus on the other things that are really important in life. And you can achieve different, you can achieve wealth different ways. And that is, the definition of wealth, more specifically or mathematically for me, is passive income that's greater than your burn. So I have a close friend

• 5:01Scott Galloway?

  who's the head of M and A for a large bulge bracket investment bank, makes between three and 10 million dollars a year, all current income, lives in New Jersey, so he's taxed at 52% a year between his ex-wife, his alimony, his home in the Hamptons, his master of the universe lifestyle, trying to keep up with the Joneses. I'm pretty sure he spends most or not all of it. And I also know it's incredibly stressful for him because he wonders what happens if the music stops. And M and A has been down the last couple of years, so he hasn't made as much money as he was anticipating. And even though he still makes millions, he's built a lifestyle where he hasn't been able to aggregate the kind of wealth where if he were to retire, his passive income would not be greater than his burn. And I'll

• 5:43Scott Galloway?

  flip to my father, who's 94, who between his pension from the Royal Navy and social security, and he owns a few washing machines in trailer parks, he makes $52,000 a year in passive income, and he spends 48. My dad really enjoys not spending money. He is wealthy. He never, he never needs to work again. So having passive income that's greater than your burn, wealth is what you don't see. And the key, the means, is making money, but the ends is having an absence of economic stress, which can really damage your relationship with your spouse, with your kids. But having that taken out of your life so you can focus on your relationships. I think that's the definition of wealth.

• 6:26Ed Mylett?

  Perfect answer. By the way, totally true. 99% of my friends are the former description. They make seven figures and they are not wealthy. Because their burn is so high.

• 6:37Scott Galloway?

  Yeah.

• 6:38Ed Mylett?

  Never ending burn, the amount of money that they would need to accumulate. And based on how long life expectancies are going now to exceed their burn rate. It's really stressful for so many people that a lot of you follow on social media that a lot of you think are very wealthy peoples. Scott is 1,000% right. By the way, today, we're going to skip around like social issues. We're going to talk about young men. We're going to talk about emotions. We're going to talk about money because he is so skilled at these things. But that's the absolute definition of wealth. And in my own case, you know, Scott, I'll tell you, I've been fortunate. I've had a couple exits and I've made, you know, a significant amount of money in my life. And as I got into my 50s, I realized it's time to get serious about really being wealthy. Meaning by your definition, what is all this stuff going to cost me the next 30 or 40 years? If the music stops.

• 7:23Ed Mylett?

  And that if the music stops is what most people don't consider. So he's 100% right about that. I did something smart young, and I want to ask you about this. I did not follow my passions young.

• 7:36Ed Mylett?

  And you talk about this really eloquently. I chose a career that took advantage of some natural proclivities that I had. Some giftedness of mine. And when young people ask me all the time, should I follow my dreams? Should I follow my passion? I always say maybe. But I hedge on that because I don't think you can be successful in life unless you become great at something. And I think if you become great at something, you have to have some natural proclivity or talent, at least trending in that direction. You talk about that a lot. So what, if someone's young, listening to this, or even they're in their middle ages and they go, look, I want to switch careers. What advice would you give them?

• 8:13Scott Galloway?

  So we have two types of speakers at NYU where I teach. The first is really accomplished, impressive people. And the second is billionaires. We've just decided that once your wealth has three commas, you have insight into life. And they give, they always end their talks, or almost always with what I think is some of the worst advice you can give a young person. And it's the following, follow your passion. And the guy telling you to follow your passion made his money or his billions in iron ore smelting. Anyone who tells you to follow their, follow your passion is already rich. This is your job. Your job is to find something you're good at, which isn't easy. That you could potentially, after you invest 10,000 hours and endure the

• 8:54Scott Galloway?

  demonstrate the grit and perseverance and overcome obstacles that you become great. Aim to be in the top 10 or 1% of something and say, where could I do that? And this is the key part. In an industry that has a 90 plus percent employment rate, which by the way, is 90 plus percent of industries. And be careful not to mistake your hobbies for your passion. I'm 6'2", I have a pretty good arm, a decent, you know, decent vision, vision or plane of vision. I would have liked, I'd really like to be quarterback of the Jets. That's what I wanted when I was 16 or 17. I was blessed to go to UCLA where they had real athletes and quickly learned. I was never going to be in the 0.1%, which you need to be in professional sports.

• 9:38Scott Galloway?

  So if you want to be in acting, modeling, fashion, nightlife, restaurants, you want to be a DJ. I don't want to crush your dreams, but unless you get bright flashing green lights that you are in fact in the top 0.1%, which you'll get that validation immediately. If you're messy, people will tell you that. If you don't, think to yourself, okay, what could I be? Where could I be in the top 10%? We're making, being in the top 10% provides a great living. There are 180,000 actors in the SAG-AFTRA union, which by the way, is not an easy union to get into. It means you've done real work. It means you're talented. And last year, 83% of those union members didn't qualify for health insurance because they made less than $23,000.

• 10:23Scott Galloway?

  So the romance industries attract too much human capital driving down the returns.

• 10:31Scott Galloway?

  So, you know, and also people think, okay, I will, but I will never be, I'm giving up. I'll never be passionate about tax law. Well, guess what? If you have the discipline to get into good undergrad, if you have the ability to get into a great law school, if you understand the intersection of law and economics and know how to handle clients and are good with numbers and you can bring that sort of skill, the best tax lawyers fly private and have a larger selection set of mates than they deserve. And all of those things and the other accoutrements of being great in a high paying industry, camaraderie, relevance, prestige will make you passionate about whatever it is. Passion comes from mastery.

• 11:15Scott Galloway?

  It comes from economic security. It comes from prestige, especially in a capitalist society. So your job is to find your talent, not your passion. And trust me on this, as you get older, and Ed, you know this, what do we become passionate about? We become passionate about taking care of our parents when they get older. We become passionate about giving our kids some of the opportunities we didn't have. We become passionate about taking our friends to Aspen and, and not worrying about money. That will, I trust me on this, in a capitalist society, whatever affords you that economic security, you will become passionate about. Find your talent.

• 11:54Ed Mylett?

  I so agree. Everybody, that's what I tell my kids. I was golfing one time with Elway and we were reminiscing on like all the cool courses we had played in our life, you know?

• 12:05Scott Galloway?

  Yeah.

• 12:05Ed Mylett?

  Hey man, what's your favorite course? And I thought, is he gonna say Augusta or Pebble Beach? And he goes, come on, man, you know this, it's wherever you play the best. That's your favorite.

• 12:15Scott Galloway?

  That's great.

• 12:15Ed Mylett?

  It applies to what you just said. If you get great at something, you'll find yourself become pretty passionate about it. And even if it's not, if you're passionate about fly fishing, get really wealthy so that you can go fly fish whenever the heck you want. This is absolutely cogent advice, everybody. Here's the question I have for you. You said, choose a career where there's a lane that's open that's. You can solve problems or that there's, you know, going to be gameful employment. How do you know with AI? I've not heard you asked about this. I'm sure you've answered it just in my prep for this. See your answer about it. What's your overall view if you're giving someone advice about their career? Like I had a guy the other day go, this doesn't apply to me, man. I'm in the trades. I'm like, well, they're 3D printing houses now, so I don't know that it apply there as well.

• 12:57Ed Mylett?

  So I want to leave my job, find a new career. Okay, I got it. Check the box. It should be something I'm pretty good at, or I could get good at. What about AI in your mind? Well, how's it going to affect the world the next decade?

• 13:09Scott Galloway?

  So look, nobody knows, but I have some thoughts on this. And generally speaking, I don't see why AI wouldn't follow the same curve as every other technology. And that is when automation hit the auto industry, they were like, that's it. No more jobs in the automobile industry. It's just going to be a bunch of robots and occasionally a person upgrading the software. And in the short term, there's usually some job destruction when there's a real technical breakthrough. As there was, we lost some jobs on the shop floor in Detroit. But over the medium and long term, that type of innovation usually creates more jobs. Cause while there were fewer people on the factory floor, we didn't anticipate heated seats or car stereos or GPS, which ended up creating more jobs. And now there's more jobs in the auto industry globally than there was pre-automation.

• 13:54Scott Galloway?

  So I actually think AI will create more jobs over the medium and the long term. And what I tell people is, I mean, there's certain industries, if you're in customer service, that's probably not a great place to double down right now. If you're, I'm not sure I'd want to be a radiologist or an epidemiologist right now. But what I tell people is generally speaking, nobody really knows. But what I'm more confident saying is that AI is not going to take your job. Somebody who understands AI is going to take your job. So let's, let's lay off the woman who really understands AI, said no employer ever. Your job is to understand the intersection between AI and your business.

• 14:35Scott Galloway?

  Now AI could potentially come for our jobs, Ed. There's now AI where they can come up. I can say to AI, uh, here is, I can upload every script from every Prop G and Pivot or Raging Moderates episode and say, in this voice, look at current events with a focus on these three topics. Create a script, then I can go to another AI and have a reasonable fact summary of my voice, read it. You want to get really good at it and you want to figure out how it's going to impact your industry. And what I've, what I've so far is it's pretty anodyne. It can't replace. It's like all chip, no salsa is the way I would describe it. But if you get, what it does is it starts me thinking and along the journey through AI, I realize, wow, it's not very good, but I can get 90% of the way there in Korean.

• 15:20Scott Galloway?

  It's impossible for me to speak Korean using this AI tool I found. So, and that's going to make me, you know, and I'm getting eight or 10 or 12,000 downloads in Korean now, where it reads my podcast in my voice in Korean. So this is your job, trying to predict the future around which jobs will come and go around AI. I think that's really hard. What I can tell you is the ROI on spending 15, 20 minutes a day playing with AI. You want to, you want to understand AI, you want to prepare for an AI future, go on chat GPT, go on Claude and see the difference. Go on mid journey, start playing with images and get really good at it because I'm pretty sure it's going to impact every industry. I don't know which ones it's going to disrupt

• 16:02Scott Galloway?

  or not disrupt. If I had to guess, it would be healthcare because to me that's, that's the place that's had the greatest level of inflation relative to underlying innovation, which is kind of what I call a disruptability index. And I think AI will be the fist of stone coming for that giant chin called the US healthcare. But what I would say to anybody is the way you try to prep yourself or immunize yourself against the AI future is to become, quite frankly, really good at it and understand, all right, I am in customer service. I, I run guest relations for the Beverly Hills Hotel. I'm going to use AI. I'm going to feed in all the customer data I know so I can anticipate people's needs and then I'm going to start educating the people around me.

• 16:43Scott Galloway?

  And then the person at corporate at Dorchester, which owns this hotel is going to go, that woman who understands AI, let's put her in a position around strategy or what have you. But trying to figure out what industry you should go into based on technological innovation, that's a difficult one. If you'd gone into autonomous driving 10 years ago, which was the next big thing, those companies are struggling because tomorrow doesn't seem to be today as quickly as they'd hoped. You know, it's, it's tough to chase technology. Do you, can you get a job at an AI company? Then take it. But, but bottom line is, learn about it, understand it. That's how you, that's the kevlar for an AI future.

• 17:23Ed Mylett?

  So hey guys, I want to jump in here for a second and talk about change and growth. And you know, by the way, it's no secret how people get ahead in life or how they grow. And also taking a look at the future. If you want to change your future, you got to change the things you're doing. If you continue to do the same things, you're probably going to produce the same results. But if you get into a new environment where you're learning new things and you're around other people that are growth oriented, you're much more likely to do that yourself. And that's why I love Growth Day. Write this down for a second, growthday.com/ed. My friend Brendon Burchard has created the most incredible personal development and business app that I've ever seen in my life. Everything from goal setting software to personal accountability, journaling, courses, thousands of dollars worth of courses in there as well. I create content in there on Mondays

• 18:06Ed Mylett?

  where I contribute as do a whole bunch of other influencers, like the Avengers of influencers and business minds in there. It's the Netflix for high achievers or people that want to be high achievers. So go check it out. My friend Brendon has made it very affordable, very easy to get involved. Go to growthday.com/ed. That's growthday.com/ed. This episode is sponsored by Ro. A lot of people assume GLP-1's cost a fortune and that assumption keeps them from even looking into treatment. Ro helps people find a more affordable path to FDA-approved GLP-1 treatment. Ro wants to help people lose weight. That's why they have more affordable GLP-1 options, whether you're paying with insurance or cash. Ro's free insurance checker makes it easy to see if you're covered for GLP-1 injections. Just submit your insurance card and Ro handles the rest.

• 18:52Ed Mylett?

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• 19:33Ed Mylett?

  And that's where Wayfair came in. My wife wanted to get this new garden bed and Wayfair was the place that offered the perfect solution. Wayfair also helps you create a home that stands up to real life with quality products, great value and trusted reviews. Wayfair verified products are hand vetted by product specialists. They use a 10-point quality inspection system. Here's all I can tell you. The stuff has lasted over time. It looks great and I get compliments on it. Shop thousands of products across every style and budget, whether you're trying to refresh your space for fall or transform your space for Halloween. Use filters, custom photos and reviews to find the right fit for your home. More than 20 million verified five-star reviews, 20 million. So transform your space with the pieces that hold up to real life. Join Wayfair Rewards today and get 5% back on every purchase.

• 20:15Ed Mylett?

  Head to wayfair.com or shop the Wayfair app for all things home. That's W A Y F A I R dot com.

• 20:25Speaker 03

  Wayfair, every style, every home.

• 20:29Ed Mylett?

  I was, I was with my son yesterday. He's driving to the airport and they had one of those driverless Teslas next to me. And I said, it was Uber. My son kind of agreed with you. He goes, I don't know, Dad. I think that's further away than you might think. There's a few of these right now, but it's coming. It's just a matter of when it's coming. And then I got on the airplane. I was prepping for this because I was excited about it. And I started to actually think about something I want to talk to you about, which was my son. Mm hmm. My son's 22 years old. I have a daughter who's a junior in college. And I just left California. I moved to Florida and people asked me often, why'd you make that move? And I said, quite frankly, taxes was a major.

• 21:07Scott Galloway?

  Me too.

• 21:09Ed Mylett?

  The other thing is I'd like to be around my children someday and I can't find a scenario under which I think they could possibly buy a home before they're 35 or 40 years old anymore. If ever there, a decent home there's $800,000 to a million bucks. That means after taxes, my kids would have to have saved liquid cash of two, $300,000. When the heck is that going to happen? And I started to think about the world that my kids are in today. And I wonder about your thoughts about that. I, I worry that the dream. In many cases, it's much more difficult in the current tax climate. I do look at two

• 21:52Ed Mylett?

  things. I don't think you need to tax people more because the top 1% pay about 50% of all the income tax in our country. Bottom half pays almost nothing. So this billionaire is going to pay their fair shares to me like a completely political line. Having said that, one of the reasons the bottom half pays so little is they make so little. So growth has not kept up with inflation in terms of home prices, consumer goods, et cetera. So there's this challenge with wages, I feel like, in the United States, and I worry about wages particularly for young people. What's your view on all of that I just threw at you for a 22 to 25 year old, where you see the world going in such a direction where

• 22:34Ed Mylett?

  there is this disparity in wealth? And to me, it's a wage gap, not a tax gap?

• 22:39Scott Galloway?

  Well, first off, you're doing what I call, you're a great host because you're setting me up for success because you know this is something I think a lot about. So let's start, let's start with the problem. The whole reason we do all of this, the whole shooting match, is we want to have a household and we want to raise good kids that are loving, secure, good citizens. That's the whole shooting match. We want to set our kids up for success. We right now in America, despite our prosperity, unprecedented prosperity, China's not threatening us. No one's lining up for Chinese or Russian vaccines. We have the strongest economic growth, the lowest inflation. AI has created, there's been more wealth created in a seven mile radius of San Francisco International Airport in the

• 23:22Scott Galloway?

  last two years than the entire auto industry is worth right now. America is killing it on most dimensions. Now, at the same time, we're raising a generation of the most anxious, most oppressed, most addicted, most obese, young people in history, in the history of the US. For the first time in the US, a 30 year old man or woman isn't as wealthy as his or her parents. That has never happened before. That is a breakdown in the social compact. The average 70 year old is 72% wealthier than they were 40 years ago. The average person under the age of 40 is 24% less wealthy. Forty years ago, sixty percent of thirty to thirty-four-year-olds had at least one child. Now it's twenty-seven percent. People are opting out of America.

• 24:07Scott Galloway?

  They've lost confidence. And the strongest reflection of having confidence or a lack thereof is having or not having children. Now, why has this happened? The incumbents in people my age will claim that it's network effects or globalization. They'll blame it on something else. That's bull. This has been a concerted decision by people my age to transfer wealth and opportunity and prosperity from young people to my generation. What is the best means of forced savings and a kind of a path to economic security and saving money and forming a household? It's buying your first home. When I was, when I got out of business school, the average salary was a hundred grand.

• 24:50Scott Galloway?

  The average house in San Francisco costs two-hundred-and-eighty grand, two-hundred, two-point-eight times. Now, the average salary out of the hospital of business is two-hundred grand, which is amazing. The average home in San Francisco costs two-point-one million. So, it's gone from two-point-eight times to ten times. Education is up seven-fold. So, how do you get ahead? If you're smart, a good study, a good student, you go to higher education. How do you start to save money and think about mating and propagating? You buy a house. Those two things have been sequestered to the children, to the children of rich people or the freakishly remarkable. When I applied to UCLA, just down the street from where I am now, it had a seventy-six percent admissions rate. Now, it's nine percent. And the virus that infects our economy is the following.

• 25:35Scott Galloway?

  We have adopted an LVMH rejectionist strategy. And that is, if I'm an incumbent and I already own a house, I already own stocks, I already have a college degree, the best strategy for me to increase my wealth is to artificially constrain the supply of all of those things. So, if I'm an alumni and I hear that UCLA's admissions rate has dropped to nine percent, I like that. I applaud. Isn't it great? And you hear people brag, "I would never get into the university I went to now." Well, guess what? That means your daughter's not getting in. Once you own a home, you become very concerned with local traffic. One of the worst things to happen to America is new housing permits have basically been put in the ad, hands of existing homeowners.

• 26:20Scott Galloway?

  That like the fact that we don't want new home permits, we need another one and a half to three million home permits a year. So you have seen housing prices do the following. Pre pandemic, average price of a house was 290. Post pandemic, it's 420. And with the unprecedented acceleration in interest rates, the average mortgage has gone from 1,100 to 2,300 dollars, meaning that whereas it used to be two thirds of Americans could afford a house, now it's one third. And especially, all of these factors really hit hard young men. We all knew that guy in high school who was just never going to go to college. The education system is incredibly biased against young men. Who do we want in school? Who do we, what behaviors do we incentivize?

• 27:04Scott Galloway?

  Sit still, be organized, be a pleaser, raise your hand. You just described a girl. But we used to have onramps into the middle class for that guy who was never going to go to college. But we did away with woodshop, we did away with metal shop, we did away with auto shop. And a lot of the industries that supported that middle and upper middle class lifestyle have been outsourced. And in addition, even worse, parents shame their kids if they decide not to go to college. Have you been at those cocktail parties where hush, hush, oh, so and so dropped out of Rutgers, they came home. Well, guess what? Two thirds of American children don't end up with a traditional college degree. And that's okay. There's actually been a surge

• 27:46Scott Galloway?

  in demand amongst the trade jobs. So what do we have? We have a group of young people who can't afford a home, can't afford the upward lubricant of mobility in our society unless they're the freakishly remarkable or the child of a rich kid. You're 77 times more likely to get into an elite university if you come from a top 1% income earning household, because my generation has weaponized housing, weaponized the stock market. COVID, $7 trillion into the economy, 85% of it wasn't needed. It was saved. Why? Because you never miss an opportunity to make my generation cheaper. So what happened to that $5 trillion that wasn't needed for

• 28:27Scott Galloway?

  food, wasn't needed for rent? It went into the market, housing, stocks. So what happened? Stocks went on a tear. Housing prices went insane, which is awesome for you and me, Ed, because we already own stocks and houses. But what about the kid who's trying to get into the market? The reason why I am at the Beverly Hills Hotel right now, and I have economic security. Is in 2008, we bailed out the banks, but we didn't bail out the economy. And Apple fell to eight bucks a share. Netflix fell to 12 bucks a share. Amazon to nine bucks a share. I was coming into my prime income earning years. So I put all of my money in those three stocks and they're up between 30 and 60x. Where does a young person find value?

• 29:10Scott Galloway?

  When you bail out the baby boomer owner of a restaurant. All you're doing is robbing opportunity from the 26 year old recent graduate of a culinary academy. That wants her chance at disruption, wants to swoop in and buy a cheap home when we have churned. There are exogenous events. We need turnover. The key to capitalism is you let [BLEEP] get real. And you let assets fall. But we, what we've decided is a million people dying from a virus would be tragic. But what would be a disaster is if we let my generation get less wealthy. So here's an idea. While I'm in the club doing rails of cocaine and partying with champagne.

• 29:52Scott Galloway?

  The only way the young person participates is they get to lend me their credit cards. So I can run up all this debt on their backs. So I can stay rich. We have literally lost the script. My generation has been stealing from a younger generation and people want to claim they're entitled. [BLEEP] They're entitled to be enraged. We are not making the same types of forward leaning investments. Old people keep voting themselves more money. 40% of all government spending is now on people over the age of 65. It's going to go over 50% in the next 20 years, meaning we can't make forward leaning investments in education. And R and D and technology and infrastructure, that things that show an actual return on investment. And create jobs for young people. This needs to stop. We need a forward leaning.

• 30:37Scott Galloway?

  There used to be 12 people supporting every senior. Now there's three people. We don't have the money. We are robbing more and more prosperity and opportunity from young people. And I'll return to where I started. What's the point? If we have depressed kids? What is the actual point of any of this? If our young, if our kids aren't doing as well as us, and you know what it feels like. You and I are blessed. A disproportionate amount of opportunity was sequestered to white heterosexual males through the 50s, 60s, 70s and 80s. We took advantage of it. And now, young kids don't have nearly, nearly the amount of opportunity we had. I'll wrap up my, my word salad here just about tax policy. You're absolutely right.

• 31:20Scott Galloway?

  The thing that gets in the way of a progressive tax structure is when they need to start this populist Bernie Sanders or Elizabeth Warren bullshit of the billionaires walk over people. Here's the bottom line. The top, the people who get most screwed in our tax code are what I affectionately refer to as the workhorses. Mom's a baller at a law firm making a million and a half bucks a year. Dad is a chiropractor with four people working for him. He makes 500 grand a year, 1.9 million in income. If they're living in an, in an urban center in a blue state where you usually need to be to have that kind of job, they're paying 52% in taxes. They're paying way too much, but something happens on the way to being a billionaire. Once you make the jump to light speed and become an owner instead of an earner, which

• 32:04Scott Galloway?

  happened to me about 10 years ago, I make all of my money buying and selling investments, starting and selling companies. My tax rate has plummeted to somewhere between 17 and 19% because of capital gains, because of 1202. So while the 1% pay too much in taxes, the 0.1% pay too little. The 25 wealthiest Americans in America pay between an average tax rate of 6 to 8%. Corporations are paying their lowest tax rate since 1939. So the workhorses lower their taxes. The super rich and corporations, I actually think we need to raise their taxes.

• 32:39Ed Mylett?

  Well, another conversation the other day, I would argue they paid income on that money already, but that's a whole other conversation.

• 32:44Scott Galloway?

  Does it double taxation?

• 32:46Ed Mylett?

  Yeah. Yeah, I think I feel pretty strongly about that. I've been a fan all my life for lower taxes, but there's now no evidence that that money is being returned into the economy to benefit working people every day like I thought it would. I thought if you taxed the rich guys less, quite frankly, they would dump that into increasing wages and they don't. Companies don't do that. And so I'm torn on it. And that's why I asked you the question. I'm really open to the answer. And this thing you said about boys and girls, I just think gender neutral, we build conformist in our education system. I feel very strongly about that. We build robots that conform and follow instructions and contrarians and weird people change the world. I want more contrarian weird people.

• 33:29Ed Mylett?

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• 34:14Ed Mylett?

  the Quince app for app exclusive offers or go to quince.com/ed for free shipping on your order and 365 day returns. Now available in Canada and the UK too. That's Q U I N C E dot com slash ed. So you know, I've been trying to take my health and my morning routine to the next level. And I used to do a whole bunch of different stuff, tons of different supplements. And then I found all in one in a drink with IM8. IM8 is the way to simplify your supplement routine finally, once and for all. 16 supplements replaced 90 ingredients across nine major organ systems in one drink.

• 34:50Ed Mylett?

  You can have all these supplements for $2.61 a day. I've changed my mornings. The whole IM8 routine has changed my mornings. I feel great and I bring energy to the entire day. Go to im8health.com/Ed10 right now, or click the link in the description and use code ED10 for a free welcome kit, five free travel sachets plus 10% off your order. That's code ED10 at im8health.com/Ed10. Code ED10 at im8health.com/Ed10. These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. There is something that I want to ask you about that is gender specific,

• 35:34Ed Mylett?

  that I've heard you talk about, and I've only heard you talk about it. And that is single parent homes as it affects young boys. I'm not a big gender guy, like boys versus girls. I really just think most people are humans. But there is a lot of evidence about boys that are raised without a strong male figure in their lives. And I was with, like I said, I was with my son this weekend. And of all the things I am grateful for is he's had multiple strong male figures in his life. He's had myself, he's had two great grandfathers. He's had good coaches, good mentors in his life. And I feel like what, in addition to being a white male, but what a great advantage it is. And there was another young man with us who his dad's been in and out of his life most of the time.

• 36:19Ed Mylett?

  And has not had a strong male figure in his life. Has an amazing mother who's worked two jobs and just has done everything she could for him. But in observing both of them in the same screen over the same period of time, I did see a confidence and a way about handling himself and a presence, frankly, to my son, who, I'm not saying because he's my son, who's had strong male figures. And the absence of that in the other. What do you, what do you think is the solution to that? And I'd like you to speak to that topic. So many single mothers listen to my show and have these boys they love so much. What can they do when this boy doesn't have that strong male figure?

• 37:01Scott Galloway?

  So it's a generous question. So first, let's talk, let's talk about the problem. Young men are four times as likely to kill themselves. If you go to a morgue and you have five people who have died by suicide, four of them are men. And if you had any other demographic group killing itself at four times the rate of the control group, three times is likely to be addicted, three times is likely to be homeless, 12 times is likely to be incarcerated, 40% less likely to go to college. I mean, we'd be moving in with programs, but because of the advantages that our generation received, there's a lack of empathy for them. And if you try to reverse engineer to, and I do think we're finally having a productive

• 37:46Scott Galloway?

  conversation, the numbers are just so overwhelming that people are finally starting to pay attention. And I track everything, I'm pretty into data, I track everything I do. And the number one email I've received over the last three months is some version of the following. I get about 140 emails from strangers a day, and number, and I categorize all of them. The number one email is it too late to buy Nvidia? It's hilarious. Everyone's obsessed with Nvidia. The number two email that I've gotten consistently for the last three years is a mom, usually a single mom, asking for advice about her son. And it goes something like this, I have three kids, two daughters, one son. My one daughter's in PR in Chicago, the other's in graduate school at Penn, and my son, who's

• 38:26Scott Galloway?

  25, is in the basement playing video games and vaping and seems just totally lost. There's a variety of factors that have come together here. One is just biological. Men's prefrontal cortex is 18 to 24 months behind the girls. They're literally more immature. Have, have your son and his 10th grade friends come over and the, the 15 and 16 year old boys are boys, and some of the girls look like the junior senator from Pennsylvania in terms of how they acquit themselves. They just, two 17 year olds applying to college, a boy and a girl, the girl's competing against a 15 and a half year old. They're just biologically maturing later, and there's something weird going on. I don't know if it's hormones or pesticides, but girls are beginning to menstruate earlier and boys, their testicles are descending actually later.

• 39:11Scott Galloway?

  It's actually headed in the wrong direction. So let's move to solutions. One. I think we need to redshirt, and by the way, I'm parroting my Yoda on this. Richard Reeves, who's the president of the American Institute on Boys and Men. We need to redshirt boys. We need to start them at six and girls at five. They're just less mature. Two, more vocational programming. Bring back wood metal shop. More freshman seats at universities. If you have an endowment greater than a billion dollars and you're not growing your freshman seats faster than population growth, you should lose your tax-free status because you're not a public servant. You're a [bleep] Chanel bag. I mean, you've decided that you're basically in the luxury business. I think we need a national service. I think men need to find their fraternity.

• 39:52Scott Galloway?

  The thing you also mentioned, which is that if you were to reverse engineer to where boys come off the tracks, it's exactly what you referenced. It's when they lose a male role model. We have the second most single-parent homes. Dan Quayle was right. Kids are better with two parents. Where he was wrong is it doesn't matter if it's two women or two men. But if it's a boy, he absolutely needs male role models. What's interesting is that in single-parent homes, girls have similar outcomes. Similar outcomes of college attendance, similar income, similar rates of depression, self-harm. It doesn't appear to really damage girls when they lose a dual-parent household. With boys, they come off the tracks.

• 40:36Scott Galloway?

  What it ends up, the studies show, is that while boys are physically stronger, they're mentally and emotionally much weaker. So what's the advice to moms who are 93% of single-parent households? And let me be clear, I was raised by a single immigrant mother who lived and died a secretary lie to my life. But my mom immediately got men in my life. The neighbor down the hall went out of her way to introduce me to him, got the sense he was an empathetic good guy. He used to take me horseback riding on weekends. I had a stock, I walked into a stock brokerage when I was 13. I wasn't very popular. I wasn't very good at school. I was into stocks. My mom's boyfriend gave me 200 bucks, said, "If you don't go buy stocks by Monday, I want the 200 bucks back." I went down. Cy Sero,

• 41:21Scott Galloway?

  when I was 13, used to take two dimes to the phone booth at Emerson Junior High School, call him, I own Columbia Pictures, and he would teach me about the markets. Close Encounters of the Third Kind is a hit. That's why the stock was up 50 cents a day. I'd go by Dean Winter Reynolds on Westwood and Wilshire and hang out with him for an hour. Literally, Ed, forty-five years later, he and I text each other. Oh, wow. Male role models. If you're a single mom, you have to get men involved in your son's life. And also, just for men, I've been thinking a lot about masculinity and what it means to be a man. You take care of yourself. You're fit. You're smart. You're kind. You take care of your immediate family.

• 42:04Scott Galloway?

  You take care, you start showing love and concern and empathy for your community and your neighbors. But the ultimate expression, in my view, of masculinity is when you take an active role and you become irrationally passionate about the well-being of a kid that isn't yours. Or put another way, if we want better men, we need to be better men. And unfortunately, because of the Catholic Church and because of Michael Jackson, if a man who has love and care to give wants to get involved in a young man's life, there's suspicion. Oh, no, there's something wrong with him. No, there's not. There's a ton of men out there that, for whatever reason, maybe they have their own kids, maybe they don't, who have empathy and concern to give. And here's the thing, you don't have to be a baller.

• 42:48Scott Galloway?

  You don't have to be a senator. You just have to be a man trying to live a virtuous life. You know what the most important thing to being a male role model is? Just being there, just spending time with the kid, giving him... There are just certain things a boy is not going to talk to his mom about. So, it's a variety of social programs, taxation, vocational programming, red-shirting boys, national service, more freshman seats. And we, as men, Ed, there are four-to-one applications for big sisters in the US as for big brothers. Men have to get involved in boys' lives. That's the bottom line. And we're finally having a productive conversation because whenever, I think it really bottomed out about two or three years ago, you started talking about the problems with boys.

• 43:34Scott Galloway?

  There was a gag reflex of, oh, that means you don't like women. Empathy is not a zero-sum game. Civil rights did not hurt white people. Heteronormative marriage did not hurt gay marriage. Recognizing the problems that young men are facing does not mean you're anti-women. And who wants more economically and emotionally viable men? Women. How many times have we heard from people, I know all these great young women, high-character, attractive, professionally on the ball, and they can't find a man? No, they can find a man. They just can't find a man that, they just can't find a man they want to date. We are creating millions of lonely, economically and emotionally unviable men.

• 44:15Scott Galloway?

  And it is something we really need to be focused on, and we need to stop this nonsense that somehow that empathy is in any way anti-women or massages. No, it's not. We need, women are making unbelievable progress. We should do nothing to get in the way of that. It's fantastic. But we need to acknowledge something is not right in Houston right now. We need programs and we need attention and we need more men to get involved in the lives of boys.

• 44:43Ed Mylett?

  So much you just said is true. My show, it's funny, when it started, first three or four years was about 80% male. And now it's about 70% female. And it's the number one message I get as well, is moms concerned about their sons, which is why I covered the topic today, because you guys all know, I'm not a big guy on this gender, that gender. I'm a big human person. Having said that, a couple of things he said, I want to tell you. I was watching, on the flight back last night, I was watching a biography on Mr. Rogers. And the same thing he said, just a guy who loved kids, as far as I know, right? And all the flack and criticism, just a man who lived a virtuous life, who loved kids. We have to not stigmatize these men that would like to get involved in the lives of young men and help them. And the other thing, everybody, you know, ask yourself, if you have a son,

• 45:29Ed Mylett?

  and he doesn't have a male figure, what male figure get in his life? And the other thing to look at that he said that I just want to unpack, the worst combo that I see is a little boy who does not have a male figure, who is also not physically fit.

• 45:42Scott Galloway?

  Hundred percent.

• 45:44Ed Mylett?

  Look at their body. That young man doesn't have a man in his life, ladies, that you've got a son, and you're allowing him to get unfit physically. That is a lethal combination for where that young boy's going in his life. At least get him physically to get inactive and working out and playing a sport and on a good nutrition program. It's a deadly combination for your young boy if he's got both those things against him. Okay, I want to ask about you. I don't have too much more time, and I love talking with you. So what do you do to recharge? I mean, you're so reflexively. You know, I don't want to feel like I'm stroking you on every question, but like you're reflexively very smart on every question and you bring in energy and an intensity to everything I've ever seen you do.

• 46:26Ed Mylett?

  Is there something you do for your own personal energy routine wise as a habit? Any ritual or routine that you do to recharge? It's it's more like me asking you a question the audience gets to listen to. Cause we're both involved in the same space and I'm always impressed with you just always seem to be on when you need to be on.

• 46:44Scott Galloway?

  You're being, okay, first off, you're being generous. I f*** up a lot. I make a lot of professional mistakes, be clear. I've had several companies fail. I've had failed relationships. I've been married and divorced. I've had a lot of self inflicted wounds that were unnecessary, but okay, so how do I try to recharge? What you said about fitness just resonated and I can tell you're obviously very physically fit. I've been working out four times a week for 40 years and I coach a lot of young men. And the first thing I do is I say unlock your phone. I'm not going to be judgmental. I'm like, I watch porn. That's okay. I'm not going to be, I'm on TikTok too much. I have the same addictions you do. And I find eight hours in their phone. And I said, okay, between Coinbase, Robinhood, Twitter, porn, we're going to take eight hours. Super easy to find and we're going to reallocate that finite human capital.

• 47:29Scott Galloway?

  I want to lean into your advantage. When you're young, you have capital, it's just time, it's not money. And the way you do it is if you reallocate that capital of time, human capital, you'll eventually hopefully get financial capital. Like the first thing we're going to do is we're going to start working out three to four times a week. I think any man under the age of 30 should be able to walk into pretty much any room and know that if it got real, he could kill and eat everybody or outrun them. And there is nothing wrong with that. You're going to look back on the incredible male form of that double twitch muscle, that bone structure and this unbelievably wonderful substance called testosterone that gets poured over it. And you're going to think, why the f*** wasn't I a monster? And if you were, and if you were in good shape, it's going to give you confidence.

• 48:13Scott Galloway?

  It's going to increase your selection set of mating. You're going to be much less to be depressed. There are studies showing that exercise is just as effective as SSRIs in many cases of of mild depression. You're gonna, you're, you know, the reason why women and employers are attracted to fit people. Is because not necessarily because like big biceps make you more attractive, but it says something about you. It says you have discipline. It says you can commit to something. It says you like yourself, which probably means you'd be a pretty good employee and a pretty good father. And instead, we've decided because there's a lot of money in diabetes, because there's a lot of money in obesity. Let's say that obese people are finding their truth.

• 48:54Scott Galloway?

  And I want to be clear, we should have empathy for people who struggle with weight. We should try and get rid of food deserts. We should have healthy eating funding or funding that makes sure that people at least have the opportunity to eat healthfully. But for God's sake, stop romanticizing obesity. Eighty-eight percent of the people who died in COVID had at least one one co- uh, comorbidity. And eighty-two percent of them had two, and the vast majority of them were related to obesity. So I love those old Kennedy videos where he said, we're going to build the strongest young generation. And it's also amazing for women. I think it's as important. But that's, is that true? I think it's actually more important for men,

• 49:37Scott Galloway?

  but I think fitness among young women is amazing. But the industrial fitness complex took women to a weird place. I used to do CrossFit. I now I can. It's too intense for me. But one of the things I loved about it was we celebrated strength for women. This, these firefighters, mostly gay, would come in, these female firefighters, and they had big [bleep] thighs and huge powerful asses. And we celebrated that strength. We're like, just strength is awesome. You don't need to be rail thin and go get your boobs done to conform to this equinox [bleep] version of what it's, what's aesthetically pleasing. We're going to celebrate just raw strength. And I absolutely love that. And I think that fitness in your youth is hugely important.

• 50:21Scott Galloway?

  That if you look at the Fortune 500 CEOs, the one thing that 480 of them do, it's not that they went to an Ivy League school, not even that they're white males. It's that they work out almost every day. This is where the first place we're going to reallocate your precious human capital. The second is, we're going to start making a little bit of money. I don't care if it's an Uber driver, stocking shelves at CVS. The best way to make a lot of money is to start by making a little and you get a taste for the flesh of money. You start thinking about it and you're out in the public. And then the third thing we're going to do is we're going to surround ourselves. Three or four times a week, church, temple, nonprofit, riding club, sports league, whatever it is, you are going to put yourself in the company of strangers such that you develop

• 51:06Scott Galloway?

  those skills and you increase the likelihood you're going to find mentors, friends, and mates. Fitness, making a little bit of money, and putting yourself in the company of strangers, working in the agency of something bigger than yourself. But for me, I agree with you. It starts with fitness. It is my antidepressant. When I'm on the road and I don't get to work out in two or three days, I can feel myself getting angry. I can hear myself role-playing, being hard on myself. I feel less confident. I think it is hugely important, and I think even more so for men, because we are meant to be protectors. And feeling strong. Who breaks up a fight at a bar? I'll tell you who, a big ridiculously buff guy who's confident,

• 51:49Scott Galloway?

  who's like, "I don't have a little dick. I'm big. I'm strong. I don't need to get in fights. I break up fights. I bring peace. I bring a sense of calm and security." You want to be that guy. And I think a lot of that starts with fitness.

• 52:08Speaker 04

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• 52:38Ed Mylett?

  You run hot. You're like me. You run pretty hot. You're intense. I am as well. I've done a lot of work on this over the year. Like, my default emotion is politely called intensity, and more truthfully called, probably, particularly when I was younger, anger. A little bit, a lot of that. And I know a lot of people like you and I that have had exits, or that are at the Beverly Hills Hotel, or that have had their success, which is where Scott's, I'm interviewing him from today. But what I mean by this is they've had success, but lack fulfillment.

• 53:19Ed Mylett?

  Don't live, I mean, if the quality of your life is truly the quality of your emotions, I think poverty makes it very difficult to live in positive emotions because you're, it's, there's a scarcity going on. There's a fear. There's a lack of being able to provide. We both would agree with that. But I don't see necessarily a dramatic correlation between my friends with a lot of abundance and emotional well-being. And I'm wondering if you see that as well, and if in your own life, beyond working out, beyond the things you've described, have you struggled with your emotional regulation? Is there things you do to take an inventory of your emotions? Do you just pay it? Do you pay attention to it? Do you recommend people pay attention to it? Have we become too sensitive to those things in our cultures? What are your thoughts about

• 54:03Ed Mylett?

  fulfillment? And especially just, you know, living in the emotions most would seek to desire to have?

• 54:09Scott Galloway?

  So, and I've been open about this. I struggle with anger and depression. I have blessings the size of Saturn and I have a mood the size of a small rock. I'm just, I had sort of this revelatory moment about eight, nine years ago. I call my sister every Sunday or every other Sunday. And I was complaining and complaining and she just stopped me and she said, Scott, you have less right to be pissed off and angry than anyone I know. She's like, look at your life. Look at your life. I was on the phone yesterday with a friend of mine and I was complaining about the room I got at the Beverly Hills Hotel. It's not as nice as the one they usually give me, but then they upgraded me and that was like the worst thing happening in my day. And he was talking about what ketamine therapy he should have delivered to his house

• 54:54Scott Galloway?

  or should you go to some amazing resort in, in Montecito. I'm like, these are our biggest problems. We're to get ketamine therapy and I didn't get the room I wanted at the Beverly Hills Hotel. And as humans, we're competitive and we're meant to focus on the threats and we're meant to focus on the things that aren't protective as a survival and an innovation, a competition to make the species better. The problem is it can become out of control. And if you're like me, you focus on the 1% that's not right with your life. I can feel myself going dark. I mean, going to a depressed, angry place. And I have a bit of a, you know, I would say, if at some point you recognize your mood does not fit to your blessings, some of that can be motivational. I try and turn my anger into being raw and authentic.

• 55:36Scott Galloway?

  I try to take advantage of some of those embers in terms of burning brighter, in terms of my content. But it starts to turn on me. When I get upset, I get angry at something, angry at myself. I don't forgive myself. I'm very hard on myself. And it's like acid running through my veins. And then it takes a toll. And I got dark and depressed for two or three days. Don't want to talk to anybody, become just totally withdrawn. And when I recognize that I'm going dark, I do a few things. And I call it SCAFA. The first is, the first is S, I sweat. I'm not feeling good, I sweat. It's like a reset button on a computer for me. I sweat. The C is clean. I try and cut out trans fats.

• 56:18Scott Galloway?

  I try to eat at homes, reduce the salt, the sugar, just eat well. The A is for abstinence. And what I mean by abstinence is I love alcohol. I love THC. I just take those things out of my life for a little while. Whatever's going on in my brain, I need to give the pleasure receptors a break. And I don't do alcohol or marijuana for a while. The F is family. I find that if I'm around my boys, they're so wonderful. And at the same time, so difficult. It takes me out of my head because I have to focus on their [BLEEP], which is really helpful for an angry, depressed person who becomes mildly narcissistic, focusing on what they don't like about their life

• 57:01Scott Galloway?

  and how they failed themselves and everybody else and goes to a weird place. My kids take me out of that. And the final A is for affection. Being around my dogs a lot, telling my kids, I'll tell my boys, I'm not feeling great. And what they'll do is, when we sit down on the couch, they'll throw their legs over mine. That's, you know, they're not willing to like hug and kiss me anymore because you know, they're at that age. You're like, Dad, no, I'm not going to hug and kiss you in case somebody sees us. But they'll do stuff like they'll hang out with me. They'll give me a hug. They'll throw my legs over mine. And that helps take me out. But I'm, I struggle with it. I don't, I still am. I still look at my life. I still look at how angry I am and how cynical I am about

• 57:41Scott Galloway?

  the world. And I'm like, and that gets me even more angry at myself. And then just a gratitude practice, talking about, on Saturday, I went to some friend's 60th birthday that I've known, I saw guys I've been friends with for 40 years, I met at UCLA in 1982. And all of us get together, a dozen of us get together, it feels like every year, and seeing their kids, seeing our blessings, seeing our prosperity, seeing how smart we were to be born in America, best decision I ever made. You just can't help, if you have any sense of perspective, feeling really good. And I try to think about that a lot, because it helps, it helps me. But this is something I struggle with

• 58:22Scott Galloway?

  every day. And the fear is, and I'll wrap up here, the fear is you get to the end of your life. I think about death a lot. It's actually quite liberating for me. I'm a raging atheist. And you think, okay, a life of incredible prosperity, blessings, people that love me, people I loved unconditionally. But I was never, I never allowed myself to be happy, never was in the moment. That's the biggest risk I have, is that I get to the end and think, Jesus Christ, look at all this. And I still really didn't absorb how blessed I was, or I was never really there for it, because I was in the past, because I struggled from depression, I was in the future, because, like you, I'm successful. And successful people are in the future a lot. They're thinking about what they need to do next, and they're not listening to

• 59:06Scott Galloway?

  their kids, they're not engaging with their spouse. I think about this a lot. Do I have the answer? No. Do I still struggle? Yes. But I'm cognizant of it. And I tried to develop a framework early for identifying when I'm angry and depressed, and what practice, physical, mental, emotional, what people I need to have around me to try and get out of it. Because it is, it is, Ed, I know you're going to agree with this, can you get over how fast life is going? I mean, it's flying by. And so when I'm at the end, I at least want to know that mostly I squeezed the shit out of this lemon called life. It's going by too fast. And half of that squeeze is just being really grateful and enjoying your blessings.

• 59:49Ed Mylett?

  When you were just talking, I went, that's why I like this guy so much. I'm so attracted to him. I, by the way, I'm a devout Christian and you're an atheist. And we both have reached the same conclusions about something. I worry my biggest, I think about death every day. And my biggest concern, I said this this weekend, I've said this many times from stage is that I'm going to get out of this life, having not really enjoyed myself very much. And I struggle with it as well. I'm still working on it. It's still, I think what I like about you is your vulnerability, your transparency, your authenticity. I also just love to surround myself with self-aware people, even if they're aware of their frailties and their weaknesses and their challenges. And I just think that's magnetic and attractive from you. I really, really enjoyed today. I got one

• 1:00:32Ed Mylett?

  more question for you. I really enjoyed today, like really, really.

• 1:00:36Scott Galloway?

  Thank you, Ed.

• 1:00:38Ed Mylett?

  Uh, this is kind of funny, but I want to know, do you still think Zuckerberg is Putin's bitch?

• 1:00:45Scott Galloway?

  Uh, I think that under the auspices of free speech, under the auspices of shareholder value, 24% of kids 13 to 17 say they're addicted to Instagram, or social psychologists say their use of Instagram qualifies as an addiction. Can you name anything that teens have a 24% addiction rate to? I mean, the thing we're going to regret the most, we're going to look back on the Arab big tech and say, did they, did they make our discourse more coarse? Did we weaponize, did they weaponize elections? Did they income inequality? Yes, yes, yes. But the thing we're really going to regret, Ed, is we're going to think, how did we let this happen to our kids?

• 1:01:31Scott Galloway?

  And so I think Mark Zuckerberg and Sheryl Sandberg have done more damage to American youth while making more money than arguably anyone in history. And during that time, during that addiction, over the last two or three years, when all those studies were coming up, Meta stock is up 90%. So unfortunately, there's a lot of money in addiction. The highest margin products in the world, whether it's alcohol or tobacco products, have a deeply addictive component to them. The difference with social is we've never allowed that type of addictive product to penetrate our youth just as their brain is getting hardwired. So what do you have with a 13 or a 14 year old boy or girl who are just going through puberty and their brain is literally getting set for the rest of their life?

• 1:02:13Scott Galloway?

  We're giving them a massive DOPA bag called a smartphone and we're teaching them to be addicts. We are setting up a generation of millions of young people who will not be able to function without a constant DOPA hit. And they're not just going to find it from social media, they're going to start finding it from other places. So what, in addition to the addiction, I think what we've let happen with social is they will cash anybody's check, including a troll farm in Albania that decides to sow polarization, sow discourse, misinformation, up until an election. And I think that these individuals have been weaponized by bad actors, whether it's the CCP. I think that TikTok should be banned unless it divests to US interests.

• 1:02:56Scott Galloway?

  I think Meta should get huge fines when it comes out that the GRU or the CCP are manipulating their platform to sow division and chaos. So is he Putin's bitch? I don't know. He is a vehicle for addiction for teens and he has purposely delayed and obfuscated obvious evidence that our children, our children are becoming addicted. There is no reason anyone under the age of 16 should have a smartphone or be on any social media. And they say, well, Scott, you're a parent, it's up to you. No, I'm not. I can't, anyone who says that it's about parenting doesn't have kids. Because there's something even worse. My colleague Adam Alter and Jonathan Hyde have done fantastic work on this.

• 1:03:41Scott Galloway?

  There's a cohort effect where if your kid is not on Snap or Instagram, he or she is even more depressed because everyone else is on it and they are isolated, they are ostracized. So here's the deal, we have to get the Kids Online Safety Act or COPA.

• 1:03:58Scott Galloway?

  It's crazy. We're letting this happen to our kids. We put a casino, an IMAX, a video game, a constant Dopa bag in their pocket. So Mark Zuckerberg has done more harm to children while making more money than any person in history.

• 1:04:17Ed Mylett?

  That's a compelling answer, brother. Compelling answer. Yet you and I use Instagram.

• 1:04:22Scott Galloway?

  Oh, I'm addicted. Do as I say, not as I do, Ed.

• 1:04:26Ed Mylett?

  And we're promoting this show today on Instagram, probably. But I am with you 100% as it relates to our children. My gosh, that 16 year old part for sure. I agree with that. Wow. What a great answer. Today was awesome.

• 1:04:38Scott Galloway?

  Thank you, Ed.

• 1:04:39Ed Mylett?

  And I enjoyed the conversation. I'd love to have you on. You got something else going on. Come on, please. And we'll do it in person. We'll do it in LA when we're in the studio next time. But thank you for today. So much, Scott.

• 1:04:48Scott Galloway?

  Thank you, Ed, and thanks for your good work and and congrats on all your success.

• 1:04:52Ed Mylett?

  Yeah, likewise, my friend. Hey, guys, the book that's got out now, The Algebra of Wealth. Go grab it. He's got a bunch of great books. The Algebra of, what's the other, The Algebra of, I love that book, The Algebra of.

• 1:05:05Scott Galloway?

  Happiness.

• 1:05:06Ed Mylett?

  Happiness. So good. So good, you guys. All right, everybody. God bless you. Share today's show. I know you will. Max out.

• 1:05:16Speaker 01

  This is the Ed and Myron Show.