Friday Wrap-Up: Online Dating and the Portfolio Manager Debrief

Hi, everyone, and welcome back to our Friday wrap up. I'm still Markus Skord. I'm Nikolaj Tain. And this week, we will talk about relationships in the modern world because you spoke to Spencer Raskoff, he's CEO of Match Group, the company behind Tinder and Hinge. Absolutely. Really fun. And it's interesting because it's the kind of stuff that everybody is concerned about. And we had a lot of input beforehand from people in the organization. And my, do people have opinions about the dating and the dating apps? Another thing which is kind of fun is that he previously ran his own podcast. He was the founder of Zillow, which is a big real estate portal and online system in The US. And it's kind of fun when you interview people who run their own podcasts because it's just a different type of dynamics. They are typically a bit more snappy, shorter answers, they dropped back and forth like that. And you'll see the similar type of thing when we interview Scott Galloway, which is coming up soon. We saw the same with Adam Grant and so on. So, it's just kind of fun, you know. Great. Before we start this off, I want to take you a bit back in time. Imagine you are in London, you actually are in London today as well, but it's in year 1695. And then you pick up the vehicle newspaper, and there you read this ad, and it says: A gentleman about 30 years of age that says he has a very good estate would willingly match himself to some good young gentlewoman that has a fortune of £3,000 or thereabout, and he will make settlement to content. Do you know what this is, Nikolay? I think that probably was the first, you know, personal ad. It is. It's the first ad to find a partner, that we know about at least. And then you zoom forward like more than three hundred years later. How many of us use the modern version of this? Well, probably more than, I mean, it's like more than half and increasing a lot. I think in my mind what is interesting is that we are now very reliant on it. I've seen the stats. More than forty percent, I think it's forty five percent of young men between age 18 and 25 have never approached a woman in person. So we now do it online. The other thing which I think is interesting is that actually marriages, which started with online dating, last longer. The divorce rate is lower, and so these algorithms for sure have value, you know? Yeah, they do. And talking about that, because this whole business model is built around an algorithm, and he explained the algorithm as a deck of cards. It's quite the opposite of these old contact ads that had very little context. Basically, the advice he is giving, and of course, you need to listen to the …