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Podcast Episode

The Week: How Leverage Broke the AI Trade

The Prof G Pod with Scott Galloway

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George Hahn connects the dots across the week’s biggest stories: how leverage brought down one of the hottest AI hedge funds, why South Korea’s market crash offers a warning for American investors, and what Sam Harris teaches us about attention, anxiety, and the pursuit of happiness. We’d love your feedback as we build this show! Let us know what you think: info@profgmedia.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI Summary

This episode ties together three major themes from the week: a leveraged bet that unraveled in the AI hedge fund world, warning signs from South Korea’s market turmoil, and the bigger lesson for investors chasing fast-moving trends. It also turns to Sam Harris for a sharper look at how attention, anxiety, and distraction shape our ability to feel happy. The result is a mix of market analysis and a broader reflection on how people think, react, and make decisions under pressure.

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“You can’t become happy, only learn to be happy.”▲ Hide transcript
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Sam Harris has spent much of his career challenging that idea. We're living in a much more highly weaponized environment where the smartphone in our pocket has canceled the very possibility of boredom. It used to be that you could get bored and you could become interested in that fact. You're sitting in a waiting room, the doctor's taking an hour to see you and there's no magazines worth reading, and you're just left with your thoughts. And you might, you might've noticed in that situation that your mind is not at rest. It's not at ease. You're just, you're actually not comfortable in your own skin. You're looking, you're, you're, you're casting about trying to find something worth paying attention to and you're uncomfortable. Very few of us have that experience anymore because we can always relieve boredom by watching something or reading something or listening to something. And, you know, in some ways that's a good thing. I mean, I'm not, you know, I'm not really just, I'm not advocating boredom in principle as a, as a good experience, but what it, what it used to allow many of us to discover is that there's something on the other side of boredom, right? And, and boredom really is an illusion. It's, I mean, boredom really is just lack of attention. I mean, when you go on a meditation retreat and do nothing but meditate, you're in silence and you're doing nothing but pay attention to your moment to moment experience. you're not reading, you're not writing, you're not watching anything. Obviously, you not having conversations with people You just are noticing sights and sounds and sensations moment by moment and then and the the arising of each subsequent thought um when you just become the witness of your experience in that way that is meditation and the moment you can actually do it the moment you actually build a little bit of concentration in that direction you discover that boredom is a total illusion there's it was just boredom is just an inability to pay attention. And at the end, Scott asked how he allocates his attention now versus in his twenties. The real recipe is, you know, paradoxically, it's not worrying about the future. It's not worrying about the past. It's not, uh, being, uh, ambitious in all the usual ways and the seeking happiness in all the usual ways. It's actually developing a capacity to be more and more present so that you, you kind of equalize your moments. Whereas like, even if you're just, you know, stuck in traffic, you can locate a depth of wellbeing that makes that not a problem. Right. I mean, you're, you're, you're, the lesson of life, as far as I can tell, is that you can't become happy. You can only be happy. I mean, that's really, it's like that, that is the, the structure of our psychology that goes unacknowledged for most of our lives. We live most of our lives thinking we can become happy. What we have to do is we have to get all the things and all the accolades and all the pieces in place such that we have a good enough story and good enough reasons to finally be happy. But for the most part, that's a mirage.
Captured: Aug 7, 2026⏱ 188sSource: file-groq-sc

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