Question for the AMA: We've done an episode on Scott's finances, now I want one on Ed's as well as his financial aspirations.

Nike is suffering from the American tendency to not understand the importance of design and because shareholders seem to think customers won’t notice how cheaply made something is.

Prof G kids are going to learn a lot by supporting England...life lessons galore!

Nike is too reliant on the “retro” sneakers that sell for 2-3x on the secondhand market rather than selling them to the consumers themselves. Also, the average product at Nike in every line is just crappy quality at a premium price.

Predicting an England win is one thing, predicting no goals for Spain quite another

Scott does a great job at trying to convince everyone he isn't actually miserable inside.

Should have edited that opening before releasing today 😂

At last, someone is talking sense about the UK economy! Well done Prof G

Regarding the UK not having enough money, the UK's Debt-to-GDP ratio at the end of World War 2 was 270%, and they managed created the NHS the rest of the Modern Welfare state with that debt burden. Was it easy? No; food rationing lasted well into the 1950s, and the tax burden became even higher than it is now. But they built homes and kickstarted the UK Economy, despite having to shed the the Imperial Markets system, and lose primary global reserve currency status. And we only finished paying off our war debt during the tenure of Gordon Brown as Chancellor in the early 2000s. But, and this is a big but, the ethos now is very much different. Thatcher is wasn't only an economic experiment, but a social one too, and although certain people wouldn't mind paying more tax, the distrust in politicians, and what governments do, is still a raw wound. And it's unsurprising since the track record of the self-anointed Natural Party of Government, proved to be tainted with incompetence, corruption, and grift. The last Labour government queered their own pitch, and so Starmer's Labour Party is treating their success like a Ming Vase. It's early days yet, so we'll have to see. But expectations are already low, so... We'll see.

A nike analyst on CNBC said the problem isn't that Nike is too "fat" but exactly the opposite. Nike has had a lot of layoffs and they let go of many people that were very important to the brand. The people that were let go knew the brand and culture and were committed to Nike.... so the company is now a shell of it's former self.

Nike was/is the brand of sports excellence but the landscape of regular people playing sports (not athletes) changed under its feet. Nikes value prop is "We make this stuff for the best athletes and you can have it too". Hoka, On, et al said "We design this stuff specifically for you".

“It’s coming home!” 😂😂😂

When I saw the Microsoft and Apple news headlines, I immediately thought of Ed and his graph 05:45 😂 Someone important watches your podcast guys

Smartest thing CNN could do is hire Ed, or a clone of him. Smart, youthful and has the gift of the accent.

We’re seeing not only a rapid consolidation of power in American government, but also in AI companies. Scary times for sure

Given that you’re now targeting ads to Jensen Huang, how effective have these ads been, and has it been worth incorporating your KZfaq podcasts?

Ed it was a pleasure meeting you at the QBC in Quogue last week. I couldnt agree more with you on your Nike point. Going to the Niketown store in NYC or Boston or elsewhere I knew I was walking out of there with something even if I didnt need a $150 pair shoes. I went to an outlet recently, and while I know this is not the same, I could not wait to get out of that store. It was so boring and unappealing I couldnt even begin to look at products. Sorry about England mate at least you dont have to root for USMT

Ooh, missed win, Ed! "sex was too graphic"... "you saw that coming"... missed win...

Prof G learned how to say Adidas!

The University of Oregon comment hits home. Hundreds of our grads (I teach at the UO B-School) want to work there, and probably more than 100 end up there yearly through contract positions and other roles. It's not only about the stock value for employees; as one of the biggest employers in the Portland area, it trickles down to all sorts of things: cars, real estate, and high-end anything. Nike will bounce back, but it will be a challenging ride in Beaverton for a while.

Ed’s take on Nikes diminishing brand power is spot on. In the last call it 5-7 years, they have done nothing but rely on past successes. Todays Nike feels no different than Champs. Quality is poor and tons of SKU with zero thought put into them. As someone who WANTS to be a Nike consumer, they’ve legit made it incredibly difficult.

I have a pair of Ons and it kind of sucks.

change begins small, Ed.

Brand, but fashion is fickle. Nike is not Rolex.

Question for AMA: How does your typical day look like? Do you have any book recommendations?

Legend has it that it's still coming home.

Went to a Nick outlet in 2013 and it was awesome and had tons to choose from...5 yrs later selection dropped in half and prices were up on shoes that were far less quality wise.

I didn’t see that coming 😂 That was a really good joke !

shavings of shit on a shit salad... had me thinking about Mr lahey, Mr almost-lahey XD

Nike feels like a discount store now.

AMA: Why is prof Scotty using so much filter? Bro we love you for you!

You need to take a look at who Nike had on it's Affiliate Roster. When Tiger was having his problems, Nike was, financially, too. Kyrie Irving, Ja Morant, Tom Sachs, and the Olympic Track Uniforms for Women come to mind in that timeframe.

26:41 Nike has been relying too much on the past and they need to think more about the future. Look at all the top selling Nike's over the past years, they are all old reissues / new old drops

Longed the FTSE UK250 last week. Cheap as chips. Chart looks good too.

Question for AMA: Hi Scott, could you give any advice to someone trying to transition careers? I'm a Support analyst at a bank but would like to transition to a Finance Analyst role...would like to hear your thoughts on navigating such a transition in terms of both skill set and managing emotional expectations Thanks! Love the podcast

BIG 5 jinks!

Question for the AMA: how ed elson feels that Scott always teases him

We don’t need more govt spending. Perhaps you should do an intro module on microeconomic…

The board of Njke hired a COO and put him in the CEO's chair. They have to hire a strong brand person from within and put them in the top spot with a good mentorship with a prior Nike CEO that was successful if possible.

Two questions for AMA. I joined the us navy (enlisted) as an 18 year old. I will be getting out soon (2 years) and now with the added support of free college and being a veteran with “leadership” experience and other hard hitting résumé bullet points; how would you two recommend starting your career at 25 with my resources (and lack thereof. I would think taking advantage of the free college and trying to go to the best school possible now that I’m not limited by my poor parents’ resources. I would also like to get your guys’ take on what you guys wish you studied in college. Ed it looks from your LinkedIn you have a degree in Classics which sounds like a terrible idea, but here you are killing it. Is networking, the university alumni network and self development in college more important than the degree anyway? Thanks

So here an AMA question for Ed. How did you get your job? What was the interview process? Does Scott have a casting couch situation?

I used to really like Nike Dri-fit gym shorts, but the last pair I got the quality was just absolutely terrible. They are just a lot more options on the market today including ones that are definitely cheaper.

Have to be completely insane to live in England if you have any amount of money. Weather makes it utterly unlivable.

Nike has amazing talent. I believe if management can empower them to think creatively again and reignite the passion that makes Nike extraordinary....you will see it take off. Stay tuned.

If you were on CNN, Scott, I would watch. Seriously.

6:00 Great and revealing comments on the way the AI landscape is evolving.

I should have shorted Nike 2 years ago when I was unable to order gym shoes to Cyprus. I bought On shoes instead.

Predicting 2-0 for England is definitely one of the most ridiculous prediction I have seen for a while. Given how defensive Southgate was playing, I could believe 0-0 and winning on penalties. No way England was ever winning 2-0 against Spain.

UK's Shecky Greene & Ed

question for AMA: The US seems to be running away with all future technologies. Since the knowledge is widely available and assuming that talent is evenly distributed, what does the US do better than everybody else?

Def funny opening 😂😂

Congratulations on your podcast ! Very insightful as always. I fully agree with you on Nike brand assessment, beyond stores the quality of the products especially shoes is falling apart. I believe that is where brands like on and hoka have captured market share.

I was an ON ambassador for awhile. Tried all the products. I think they are the new Nike… heavy on brand, great for status, but average for athletes. Shoes are fine if you have narrow feet. All the apparel is trash.

I feel Ed felt bad about the tshirt :)

I live in Asia. I would rather wait til I travel to Vietnam or China and buy a replica that is as good as the original. I converted to reps when a couple pair of Jordan 4’s that i took great care of just started falling apart. I feel like quality really went down around the mid 2000’s. Either up the quality or come out with cool affordable shoes.

Theres a bit of an energy lull in this podcast. You need a 3rd talking head, someone with humor, grit, and fearlessness. Call my agent.😋🤔😎

Totally agree with Ed. Although I think Labour are doing the right things to steady the ship, they need to be more ambitious. But this is modern democratic politics - its hard to get things done so don't over promise....

I just come here for the jokes. Greetings from Germany.

What is this Ahdidas?

Their recording date exposed LOL

Crap appearance/quality shoes, the new Nike products. The Vintage and the Chuck Taylor’s are still good.

tnx

What about the horrific illegal migration to UK?

Skeletor thinks he is a comedian!!! LOVE IT!

Nike tennis gear for the world's greatest tennis players says it all. Atrocious.

Olympics should give Nike a tone of exposure I expect a bounce prior the Olympics quarter.

There is some guy on TikTok posing as you and selling crypto

Don't worry, Nike can get those kids at the sweatshop to work OT and crank out more shoes to prop up sales. Profits up next quarter and the execs will rake in some bonuses!

Great show! I’ve been looking at Nike and you are correct that it is probably near the bottom. CEO needs to be shown the door and they need to refresh the brand. UK is the model Trump supporters need to consider when advocating for closed borders. UK thought that they were carrying the EU and wanted to keep immigrants out. That lead to massive inflation and anemic economic growth compared to the rest of the first world. Tariffs and building walls in the US will have a similar effect.

Whenever I‘m in a store comparing NIKE to the ADIDAS equivalent, ADIDAS wins every time. IMO quality at N. has never matched that of A. Remember the Basketballers pitching for N and the minute they were out of the spotlight they put on their ADIs. And now the elites are sporting ONs and that ADIDAS nondescript fit everywhere street sneaker(Sounds like the VW Beetle of yore), Basketball is fading… Your turn.

I think Spain won

Its coming home😂😂

Master Apprentice Synergy Energy

😅 It’s never coming home 😂😂😂

NIke....missing Yeezy.

you know we watch you here on youtube, right 😅 podcast face... there's a reason you guys have 233k subs 😉

Nike brand seems cheap and worn. Overpriced and asleep at the wheel

Ya that shit pisses me off I want SHEIN AND RASPBERRY PIE on US Markets - Preferably the new TEXAN EXCHANGE ⚡️⚡️⚡️ everything is bigger in Texas - we don’t want them too big ya know lol

Question for the AMA: What is the advantage of investing with index funds? Alternatively, are you going to believe me, or your own lying eyes?

We have entered the dusk of brands where they desperately do things to fix the thousand cut demise, not just Nike, it's everyone, because who the hell care about it in a modern Internet world, where a brand is some weird person making videos, not items. I can't be cool in my new Nikes in a virtual world, I actually need a cool personality instead. So why pay for those expensive brands when I can pretend to wear anything, while sitting in my off brand underwear.

Today's number: Second post

spoiler alert: it didnt come home.

Nike forgot that people aren’t wearing Members Only jackets, Jordache jeans, & Izod shirts anymore.

Jake Tapper? Jake Tapper? Jeez.

I expect that once Scott starts paying full UK taxes he will change his tune and relocate away from the UK.

Nikes are overpriced, low quality and simply dated

Boomshakalaka

...damage done, case closed; right ED? OpenAI is doomed.🎉🎉🎉😂😂😂

I know all youz betchez hate my comments but Im so dead on accurate you cant ignore me.

Smfh lol Prof G has a special kind of disorder. The good kind haha thanks guys

If your predictions and speculations for the market are as good as your prediction of who’s winning the Euro I’ll start watching the first couple minutes of the podcast just for the dirty dumb jokes 😂

Ed thinks Elon is lazy and doesn’t know any of the technical details. Thats probably the worst take from him yet! Too much NYT for this one.

Nike has made a shit product for decades.

TODAY’S NUMBER: 2-1 Spain England fans need to learn this: YOU’RE NOT GOOD AT FOOTBALL!

Maybe I misunderstood but it sounded like Scott said Android is owned by Microsoft. It's not. Google owns and continues to develop Android.

43:00 but it's not effective! We don't have e self driving taxis he promised in 2016. Starlink 40,000 low orbit satellite internet that cost $100 a month, how is that profitable?

the Hispanics took it boys, sorry

Soccer! Hurry up and talk about Trump!

Nike doesn’t make wide sizes, missed the boat that Hoka and New Balance are driving. I’d love to wear Nikes- they don’t fit and don’t perform. I don’t care if an NBA player wears them.