service / likes
Vanguard
“Ben and David love their index funds. You know, we love Vanguard here. If you had bought the S&P 500 with that same $1,000, instead of $17 million today, you would have $170,000.”
Public evidence record
Ben Gilbert
Host · Acquired
- Claims
- 500
- Episodes
- 23
- Shows
- 1
- Named items
- 46
Books, apps, and tools
The evidenced stack.
other / recommends
Defunctland
“There's a great one on the Florida Project, so I highly recommend Defunctland.”
other / recommends
Animagraffs
“I highly recommend the channel, Animagraffs.”
hardware / likes
Disneyland
“The sightlines, man. The, the—I, I like going to Disneyland just to walk around.”
other / recommends
Tifosi
“I highly recommend Tifosi. They're also pretty cheap. I bought three pairs. They're goofy in different colors and they're fun.”
book / uses
Last Man Standing
“One great book I read for research was Last Man Standing to prep for the Jamie Dimon interview.”
other / uses
Invest Like the Best
“I listened to an episode of Invest Like the Best about a year ago, which was a really, really long interview with Graham Duncan.”
app / uses
Gemini
“I find switching costs to be relatively low. I use Gemini for some stuff, then it’s really easy to switch away.”
other / uses
Glass
“I watched the Google IO keynote with Glass and I watched a bunch of Glass content.”
paper / uses
Worldly Partners research
“In fact, in particular, for each of these episodes now, I read the Worldly Partners research on the company we’re covering from front of the show, Arvind.”
app / uses
Netflix
“Think about how I watch Netflix. I will watch Netflix tonight after we record on my Apple TV upstairs.”
other / recommends
Visa
“I highly recommend the Visa one as discussed earlier in the Network of Networks idea, if you haven't heard that”
Claim ledger
What Ben said.
25 transcript-backed records
01 / prediction
Coco and Encanto are probably the best shots at it, maybe Elemental. But it's interesting because those, those did not have big box offices.
“Coco and Encanto are probably the best shots at it, maybe Elemental. But it's interesting because those, those did not have big box offices.”
- Speaker
- Ben Gilbert
- Publisher
- Acquired
02 / prediction
They took those kind of rebuilding years, 5, 6 years in the middle, had a pandemic in the middle of it that shut down all their parks. But I think in 2026, it's looking like they'll set a brand new net income record ever based on the way it's trending.
“They took those kind of rebuilding years, 5, 6 years in the middle, had a pandemic in the middle of it that shut down all their parks. But I think in 2026, it's looking like they'll set a brand new net income record ever based on the way it's trending.”
- Speaker
- Ben Gilbert
- Publisher
- Acquired
03 / prediction
I will say this 20% is a little misleadingly low because thanks to direct indexing and people constructing their own portfolios that look like indexes but aren't actually in index funds, the passive ownership in companies could be more like 30 to 40%.
“I will say this 20% is a little misleadingly low because thanks to direct indexing and people constructing their own portfolios that look like indexes but aren't actually in index funds, the passive ownership in companies could be more like 30 to 40%.”
- Speaker
- Ben Gilbert
- Episode
- Vanguard
- Publisher
- Acquired
04 / prediction
The answer I suspect Vanguard leadership would give you is you do actually need to grow to stay competitive because you need to keep investing in the platform and the current cash flows off our small management fees are not enough to make all the investments that we wanna make.
“The answer I suspect Vanguard leadership would give you is you do actually need to grow to stay competitive because you need to keep investing in the platform and the current cash flows off our small management fees are not enough to make all the investments that we wanna make.”
- Speaker
- Ben Gilbert
- Episode
- Vanguard
- Publisher
- Acquired
05 / prediction
You can see why they had the fear, which is if you provide this existence proof that you can run this business at cost and you don't need to pay huge sums of money to the people managing this, then our customers will demand the same from us, which is sort of right because you can buy an S&P 500 index fund from basically anyone today at basically no cost.
“You can see why they had the fear, which is if you provide this existence proof that you can run this business at cost and you don't need to pay huge sums of money to the people managing this, then our customers will demand the same from us, which is sort of right because you can buy an S&P 500 index fund from basically anyone today at basically no cost.”
- Speaker
- Ben Gilbert
- Episode
- Vanguard
- Publisher
- Acquired
06 / prediction
I would bet they have the lowest hours of use per car of any manufacturer in the world who produces at least, I don't know, draw a hard cutoff, 5,000 cars a year.
“I would bet they have the lowest hours of use per car of any manufacturer in the world who produces at least, I don't know, draw a hard cutoff, 5,000 cars a year.”
- Speaker
- Ben Gilbert
- Episode
- Ferrari
- Publisher
- Acquired
07 / prediction
Enzo really wanted to do this deal, and I think he determined at this point in history— I've not seen this written anywhere, but I'm reading into this, you know, even Ford thought it was worth somewhere between $10 and $18 million earlier in the decade.
“Enzo really wanted to do this deal, and I think he determined at this point in history— I've not seen this written anywhere, but I'm reading into this, you know, even Ford thought it was worth somewhere between $10 and $18 million earlier in the decade.”
- Speaker
- Ben Gilbert
- Episode
- Ferrari
- Publisher
- Acquired
08 / prediction
Because the supercar that we had talked about, the F40, the F50, the Enzo, the LaFerrari, and now the F80, these are not being made all the time.
“Because the supercar that we had talked about, the F40, the F50, the Enzo, the LaFerrari, and now the F80, these are not being made all the time.”
- Speaker
- Ben Gilbert
- Episode
- Ferrari
- Publisher
- Acquired
09 / prediction
I believe 35% of people who are buying the lifestyle merchandise they're creating are women.
“I believe 35% of people who are buying the lifestyle merchandise they're creating are women.”
- Speaker
- Ben Gilbert
- Episode
- Ferrari
- Publisher
- Acquired
10 / prediction
I will say, very interestingly, in 1932, Omega released a waterproof watch, which is, I don’t know, half a decade after Rolex.
“I will say, very interestingly, in 1932, Omega released a waterproof watch, which is, I don’t know, half a decade after Rolex.”
- Speaker
- Ben Gilbert
- Episode
- Rolex
- Publisher
- Acquired
11 / prediction
To be honest, this scale economies that they then share with customers, I don't know how anyone could ever catch them in this moat that they've built from that.
“To be honest, this scale economies that they then share with customers, I don't know how anyone could ever catch them in this moat that they've built from that.”
- Speaker
- Ben Gilbert
- Episode
- Costco
- Publisher
- Acquired
12 / prediction
Yes, but for fans of ground effects, they would make their way back for the 2022 to 2025 regulations, which that's what we saw in Vegas, David. It was crazy cool to watch because I think 70% of the downforce from those cars is created by the ground effects, not from the pushing down of the spoiler, but the sucking of the car onto the track.
“Yes, but for fans of ground effects, they would make their way back for the 2022 to 2025 regulations, which that's what we saw in Vegas, David. It was crazy cool to watch because I think 70% of the downforce from those cars is created by the ground effects, not from the pushing down of the spoiler, but the sucking of the car onto the track.”
- Speaker
- Ben Gilbert
- Episode
- Formula 1
- Publisher
- Acquired
13 / prediction
I think the takeaway is the league is extremely good at predicting what this revenue is going to look like. And because of the structure that we've talked about all episode with the way that the salary cap and the TV deals and her play and the length of the TV deals, it's just extremely knowable what the future of the league looks like.
“I think the takeaway is the league is extremely good at predicting what this revenue is going to look like. And because of the structure that we've talked about all episode with the way that the salary cap and the TV deals and her play and the length of the TV deals, it's just extremely knowable what the future of the league looks like.”
- Speaker
- Ben Gilbert
- Episode
- The NFL
- Publisher
- Acquired
14 / prediction
The right thing was as soon as possible, the NFL to get as much distribution as possible because the TV rights would become the most important revenue line, but also the thing that most fueled the flywheel.
“The right thing was as soon as possible, the NFL to get as much distribution as possible because the TV rights would become the most important revenue line, but also the thing that most fueled the flywheel.”
- Speaker
- Ben Gilbert
- Episode
- The NFL
- Publisher
- Acquired
15 / prediction
If we put this in the feed, if we don't live up to the expectations that our listeners have, we will burn them and they will leave us forever.
“If we put this in the feed, if we don't live up to the expectations that our listeners have, we will burn them and they will leave us forever.”
- Speaker
- Ben Gilbert
- Publisher
- Acquired
16 / prediction
Yes, it's a partnership, but it's not a great partnership because as soon as the CPG product becomes so wildly differentiated, they're going to start commanding—somehow squeezing more in the value chain.
“Yes, it's a partnership, but it's not a great partnership because as soon as the CPG product becomes so wildly differentiated, they're going to start commanding—somehow squeezing more in the value chain.”
- Speaker
- Ben Gilbert
- Episode
- Trader Joe’s
- Publisher
- Acquired
17 / prediction
Jeff Dean does the math, and figures out if people use this for (I don’t know call it) three minutes a day and we roll it out to all billion Android phones, we’re going to need twice the number of data centers that we currently have across all of Google just to handle it.
“Jeff Dean does the math, and figures out if people use this for (I don’t know call it) three minutes a day and we roll it out to all billion Android phones, we’re going to need twice the number of data centers that we currently have across all of Google just to handle it.”
- Speaker
- Ben Gilbert
- Episode
- Google Part III: The AI Company
- Publisher
- Acquired
18 / prediction
I think the AI era we’re entering gets us to think about it.” This is the worst possible thing that could happen to Google, that now Microsoft can actually challenge Google on their own turf, intent on the Internet with a legitimately different, better, differentiated product vector.
“I think the AI era we’re entering gets us to think about it.” This is the worst possible thing that could happen to Google, that now Microsoft can actually challenge Google on their own turf, intent on the Internet with a legitimately different, better, differentiated product vector.”
- Speaker
- Ben Gilbert
- Episode
- Google Part III: The AI Company
- Publisher
- Acquired
19 / prediction
I believe, just to foreshadow our next chapter, that was in the form of programmatic advertising that was on the Doubleclick ad exchange that they were using to make money.
“I believe, just to foreshadow our next chapter, that was in the form of programmatic advertising that was on the Doubleclick ad exchange that they were using to make money.”
- Speaker
- Ben Gilbert
- Episode
- Google Part II: Alphabet
- Publisher
- Acquired
20 / prediction
Whereas YouTube can say, eh, whatever, but then they’re going to go out of business because they’re going to get sued out of business. It’s this really interesting catch-22 of this is the way to start and get all the users because this is the best user experience.
“Whereas YouTube can say, eh, whatever, but then they’re going to go out of business because they’re going to get sued out of business. It’s this really interesting catch-22 of this is the way to start and get all the users because this is the best user experience.”
- Speaker
- Ben Gilbert
- Episode
- Google Part II: Alphabet
- Publisher
- Acquired
21 / prediction
Not to spoil too much, but obviously this still plays out all the way to the much debated apple Safari deal today, and the tens of billions of dollars that Google still pays to Apple in traffic acquisition costs.
“Not to spoil too much, but obviously this still plays out all the way to the much debated apple Safari deal today, and the tens of billions of dollars that Google still pays to Apple in traffic acquisition costs.”
- Speaker
- Ben Gilbert
- Episode
- Google Part I: Origins of Search
- Publisher
- Acquired
22 / prediction
I think (a) they believe search is going to be bigger than anyone could have realized, but (b) they had the insight of the exponential curve of content on the Internet is growing faster than Google will ever be able to index it all or come up with clever strategies to sort it all.
“I think (a) they believe search is going to be bigger than anyone could have realized, but (b) they had the insight of the exponential curve of content on the Internet is growing faster than Google will ever be able to index it all or come up with clever strategies to sort it all.”
- Speaker
- Ben Gilbert
- Episode
- Google Part I: Origins of Search
- Publisher
- Acquired
23 / prediction
Because you could make the counter argument, shoot, Google is running away with the market.
“Because you could make the counter argument, shoot, Google is running away with the market.”
- Speaker
- Ben Gilbert
- Episode
- The Steve Ballmer Interview
- Publisher
- Acquired
24 / prediction
You have to keep peeling the onion because this (of course) supposes that Intel actually could have gotten their act together and made a chip for mobile phones that was performant.
“You have to keep peeling the onion because this (of course) supposes that Intel actually could have gotten their act together and made a chip for mobile phones that was performant.”
- Speaker
- Ben Gilbert
- Episode
- TSMC Founder Morris Chang
- Publisher
- Acquired
25 / prediction
Ideally, you spend no time in the low volume period. It seems like over time, all the returns in the industry, the winner is the one with all the volume, because they’ll just have the lowest prices.
“Ideally, you spend no time in the low volume period. It seems like over time, all the returns in the industry, the winner is the one with all the volume, because they’ll just have the lowest prices.”
- Speaker
- Ben Gilbert
- Episode
- TSMC Founder Morris Chang
- Publisher
- Acquired