SOSCAST with Adam Sosnick SOSCAST | EP 10 | Money Talk: Facebook, Warren Buffet, SNL, Salt Bae
Feb 9, 2022
Get ready to dive into some intriguing financial insights! Discover Warren Buffett's four key habits for success. Explore which college majors offer the worst return on investment. Unpack the chaos around Facebook’s whistleblower fallout and its impacts. Marvel at Gabrielle Union's wild spending habits and the striking Maserati blunder in Papua New Guinea. Learn essential Reddit financial tips and evaluate cryptocurrencies like a pro. Plus, peek into SNL cast salaries and Salt Bae's outrageous menu prices!
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Facebook Outage: Who Actually Feels The Pain
- Adam recounts Facebook's outage and highlights that many employees (engineers, analysts) make six-figure salaries and face huge responsibility.
- He emphasizes that stock-market losses hit founders differently than paid employees who rely on salary.
Why Big Nights Out Destroy Financial Progress
- Adam and guests discuss Gabrielle Union spending huge sums at strip clubs and use it to contrast entertainment spending with investment opportunities.
- He urges listeners to have spending limits and consider better ROI for discretionary money.
Country Buys Maseratis To Impress—Regrets It
- Papua New Guinea bought $5.5M in Maseratis to impress world leaders and called it a "terrible mistake" when facing steep losses.
- Adam uses this to illustrate the pitfall of buying depreciating luxury to impress others instead of prioritizing fiscal responsibility.
