The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 51 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Galloway: Billionaires are generally high-character people who build allies
“I personally have found that billionaires are generally very high character people because the key to being really successful is to create allies along the way such that you're put in a room of opportunities when you're not physically there.”
Galloway: GLP-1 drugs are more transformative than AI
“I think GLP-ONE is a more transformative technology than AI.”
Galloway says most profitable companies exploit immature prefrontal cortexes of young men
“The most profitable companies are going to be the ones tapping into an immature prefrontal cortex of an American male.”
Galloway: Unsubscribing from Big Tech is the fastest way to pressure Trump
“What I've noticed is the Trump administration only walks back things when the markets move, and the fastest way to make the markets move right now is to go after the companies that are 40% of the S&P by unsubscribing from Amazon, from Apple, from Microsoft pla…”
Galloway: GLP-1 weight-loss drugs are a bigger deal than GPT-4
“I think GLP-I is bigger than GPT-IV.”
Galloway: GLP-1 adoption could put entire hospital networks out of business
“Hospital networks, entire hospital networks could go out of business if they're really honest.”
Galloway: VCs launch smear campaigns against critics threatening their profits
“I would say don't never get in between a venture capitalist and their second million, because they will take to Twitter and call you a plagiarist or accuse you of having done terrible things at NYU, which you've never Ever been accused of, much less people hav…”
Galloway spends $1.5M to $2M annually on fractional private jets
“It's about, I spend about one and a half or two million dollars a year, but a friend of mine from high school I really like,
A Mormon kid getting married in a weird place.
I'm gone.
Why?
Because I have a f***ing private plane.”
Galloway says billionaires buying art and wine remain uncultured douchebags
“Art and wine. Art is I'm trying to buy culture. I've been a boring douchebag my whole life. So all of a sudden I'm going to start overspending on art and it makes me interesting. No, it doesn't. You're still the same douchebag.”
Galloway is selling his American stocks to diversify and avoid losing
“Yeah, I'm selling down my American stocks, mostly because I'm diversifying, because I don't want to lose.”
Galloway: American equities are too expensive while Europe is on sale
“I think America's too expensive right now. I think Europe's on sale.”
Galloway: $40B child tax credit was stripped while $120B Social Security COLA passed
“Forty billion dollar child tax credit that would benefit young families stripped out of the infrastructure bill, but the hundred and twenty billion dollar cost of living adjustment for Social Security flies right through.”
Galloway: Investment returns inversely correlate with an industry's sexiness
“Your return on your invested capital is inversely correlated to how sexy and cool an industry sounds.”
Galloway spends $400K monthly and needs $125M to feel economically secure
“I spend three to 400,000 dollars a month, so if you take that at five million times 25, I need one hundred and twenty-five million to be economically secure.”
Galloway: Getting rich slowly at monopolies like Google is vastly underrated
“Going to work for a big company is vastly underrated. They can abuse their monopoly position. They will have that mole removed. You will get rich slowly working at Google or at McKinsey. So if you're credentialed you know, we over romanticize entrepreneurship.…”
Galloway: US Healthcare Is the Most Disruptable Business in the World
“The most disruptable business in the world is US healthcare, three and a half to four trillion dollars.”
Galloway: We hit 'peak AI' for investors around September 2023
“I think AI, we've kind of hit peak AI. I love it. I use it a lot, but it's a little bit overhyped right now. We're definitely kind of, I would say, I think about a month ago we hit peak AI in terms of, from an investor standpoint, I would not want to be buying…”
Galloway: Investigators tied my Twitter trolls to criticized companies' shareholders
“I hired a firm to unmask some of the people who were attacking me, it was clearly like the same language, and like, they're using fake accounts, and it was almost always someone who had a large financial position, and the company that I said was overvalued.”
Galloway: The US brand has fallen far and fast globally
“The things I walked away from Davos with is that the last time I was there in 99, it was about e-commerce, and the U.S. Brand was capitalism consumption and Bill Clinton. Now it's about AI. Everyone was talking about AI, and it's about the American brand is ch…”
Galloway says tech executives wrongly idolized Steve Jobs's asshole behavior as genius
“I was raised in a generation in San Francisco where Steve Jobs is our mentor and there was this terrible gestalt that infected a bunch of young tech executives, including myself, that if you were talented and nice, you were talented. If you were talented and a…”
Galloway: America does not embrace failure, it merely tolerates it
“We don't embrace failure, that's bullshit, but we tolerate it.”
Galloway: Wealthy elites promote silence on money to hide tax advantages
“Not talking about money is basically a decorum that is promoted by the incumbents and the wealthy, such that you don't understand how much money wealthy people have to keep poor and middle class people under the illusion that, oh, you should be paying 45% taxe…”
Galloway: Wealthy individuals should sell concentrated single stocks and buy index funds
“Like you're, quite frankly, you should be selling down your Airbnb and your HubSpot stock and just letting, you don't need the needle in a haystack. You just need to buy the whole haystack because you've got enough capital.”
Galloway: People on Ozempic drink 60% less alcohol
“They're finding out people on Ozempic drink 60% less alcohol.”
Galloway: Wealthy people losing 10 pounds drive GLP-1 sales over the obese
“Who GOP-I should be who it should reach right now is poor and middle-income households that are obese. That's where the greatest societal benefit would be right now. Who I think is probably driving the sales are rich people who want to lose the last 10 or 20 p…”
Galloway: Money is for protecting people, not living an awesome life
“Money is a means of protecting people, not of having an awesome life”
Galloway: Any wealth above my net-worth target is spent or donated
“Whenever I meet with my financial advisors and I do this once a year, they tell me, this is your net worth. And if it's above that number, which it has been the last. 12 years cause it's been an amazing economy. I do one of two things with the incremental numb…”
Galloway says fractional private jet ownership beats full ownership or chartering
“Hands down, fractional is the way to go, because you essentially can arbitrage scale up or down based on the mission.”
Galloway notes Buffett index is 210% and S&P trades near peak valuations
“The Buffett index, stock market valuation versus GDP, he likes it at about 90%. It's at 210%. The S&P is trading at historic highs. 97% of the time, the S&P has traded at lower valuations relative to earnings.”
Galloway predicts a massive U.S. counter-cyclical movement against NIMBY housing laws
“I think you're going to see a huge counter-cyclical movement against NIMBY laws, and that the government will probably come out with subsidies.”
Galloway: Strong writing ability is the core driver of effective communication
“I think if there's one secret sauce to communicating is that if you can write well, you're going to be a decent communicator.”
Galloway: True economic security means eliminating the 'should' bucket
“The real power of economic security is, like, eliminate the should bucket.
There's things you want to do.
There's things you have to do.
Get rid of the should.”
Galloway's 'Resist and Unsubscribe' website receives 100,000 unique daily visitors
“I'm getting a 100,000 uniques a day to my site. I'm getting thousands of screenshots.”
Galloway notes Uber Lux prices have surged 7% to 10% annually
“Uber has raised the prices on UberX, I'm sorry, Uber Lux, seven to 10% a year, way above inflation. So the average price of Uber Lux when I was first taking it was 40 to 60 bucks. Now it's 80 to 120.”
Galloway committed to giving away 100% of his current income
“Five years ago, I decided I was going to give away every dollar I made in current income.”
Galloway: L2 sold for $158M with insiders owning roughly 70%
“No, it sold for a hundred and fifty eight million, but we'd only done one round of venture capital. So the. You know, the common shareholders, you know, I was the largest equity owner. So the top, you know, between me and the top six employees, we probably own…”
Galloway has made more money investing than from running businesses
“I've made more money investing, actually, than I've made for my small, for my businesses”
Galloway: Reinvesting all capital into new startups after early wins was a mistake
“And the mistake I made at your age when I had Some wins was I would double down and I would start another company and put all my money into one thing.”
Galloway: Generating active income forces people to understand market value
“Being subject to trying to make as much money as you spend, or ideally more at any age, keeps you in the market. You have to understand what the market values and doesn't value.”
Galloway: A reliable algorithm for happiness is being rich and anonymous
“I do think there is an algorithm for happiness, though, a pretty good one, and that is to be rich but anonymous, because at some point I'm going to become the villain.”
Galloway averages $112,000 per speaking gig across 30 accepted talks
“Speaking is the most lucrative business I've ever been, and I had 340 inbound requests for speaking. I accepted 30 of them. I averaged a 112,000 dollars for speaking engagement.”
Mastercard paid Galloway $150,000 for a one-hour speech in Barcelona
“MasterCard and they're spending me a hundred, you know, they're spending a 150,000 bucks to have me speak for an hour in Barcelona, which I did last week”
Galloway: Gavin Newsom has hands-down unmatched star power
“Governor Newsom has that star power. Hands down, star power.”
Galloway sold his marketing intelligence company L2 for eight times revenue
“We ended, ultimately ended up selling for eight times revenues.”
Galloway publishes 7 weekly podcasts, a newsletter, and books every 18 months
“I write a book every 18 months. I do seven podcasts a week. I put out a newsletter every week.”