Scott and Ed open the show by discussing the White House’s employee buyout, Starbucks’ fourth quarter earnings, and the beta launch of T-Mobile’s exclusive Starlink deal. Then they break down Meta, Microsoft, and Tesla’s earnings, and examine why big tech has yet to adjust its spending plans in response to the DeepSeek drawdown. Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Today's number 1.5. That's the percentage of global stocks the Norway Sovereign Wealth Fund owns, making it the world's largest single investor. Norway, where the dating scene is a sauna and a hike, and then you jump into a freezing river, and if you survive, you get a second date. Not really a joke, Ed, just sort of an observation.
Here we are. Just an observation.
Let's go Norwegian. Let's make some cabbage here. This episode is brought to you by Fundrise. We think we're Norway. We think we're rich and civilized. Meanwhile, we're arguing over transgender. Meanwhile, we're arguing over Chan. Anyways, never mind. Keep that in. I'm getting so fucking old. I literally think I'm having one of several million strokes that I've been experiencing.
You get to my age, Ed, a stroke is kind of like, I don't know, it's like an erection when you're your age. It just kind of happens when you're least expecting it. Every morning. Don't brag. Don't rub it in my face. Literally. Literally don't rub it in my face. It all comes back to the penis. How are you, Scott? I'm doing pretty well.
I found out I have to be in Orlando for a speaking gig, and at first I was bummed, and now I'm kind of sick of my kids, so I'm sort of excited. So I'm headed to Orlando on Monday, and then I go up to New York for four days. I'm excited about that. I'm going to do our... Our team strategy meeting where you're all going to present your plan.
And I'm going to say, you make too much money and you're not growing revenues fast enough. Just so you know, that's the feedback you're going to get. I'm excited. What about you? What are you up to?
Let's see. I got my sister visiting this weekend. That'll be pretty fun.
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