transcript · 3,190 words

Most Shared Moment: How To Get Rich *SLOWLY*: Scott Galloway

Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

The email I get most is from young men looking for guidance and mothers looking for guidance for their for their sons. The second most Frequent email is the following. Is it too late to invest in NVIDIA? And the honest answer is I don't know. I can imagine a scenario where it gets cut by eighty percent. I can imagine a scenario where it triples. So this is what you do.

You invest in S P Y. Because about twenty percent on the dollar will go into the Magnificent Seven because they're about twenty percent of the market cap of the S P S P Y is again a basket of different stocks. It's it's a index fund that mimics the S P. So there are five hundred companies in the S P NVIDIA is probably three or five percent of the total value of the S P, so five cents on your dollar goes into NVIDIA. Right. About twenty percent. Is that right, twenty four, twenty five percent is the magnificent seven, the tech companies we talk about.

Twenty five cents on your dollar will go to them. So assume those companies double. Great, you participate, but assume the other four hundred and ninety three companies finally get their time in the sun and those companies go down a half, you're still fine. You're still fine. Again, you don't need to find the needle in the haystack and stop believing in a very American way that you can figure it out. I know the brightest people

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