Valuetainment - November 13, 2026


Jensen Huang RESIGNS - Carlos Ghosn Reacts to NVIDIA Stock Plunge

Facebook Whistleblower Explains How Algorithms Can Fuel Civil Wars

Episode Stats


Length

10 minutes

Words per minute

166.42

Word count

1,757

Sentence count

70


Transcript

Transcript generated with Whisper (turbo).
00:00:00 Okay, when I sell my business, I want the best tax and investment advice.
00:00:04 I want to help my kids, and I want to give back to the community.
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00:00:30 Are you following the Jensen Wong and NVIDIA story of what's going on?
00:00:34 Oh, yeah, I am following it.
00:00:36 Okay, just right now, this second, Jensen Wong officially resigned.
00:00:41 Pre-market, the stock is down 12%.
00:00:43 You think that's the right move?
00:00:47 Look, I have known Jensen at the beginning of his career.
00:00:53 You know, when I was CEO of Nissan by the year 2002, 2003, NVIDIA was a startup and he came to Japan.
00:01:03 I met him many times in Japan because he was trying to sell his own product and he wanted us to try his ships.
00:01:09 So he's a very personable man.
00:01:12 I like him very much.
00:01:14 We maintain a very strong relationship for many years.
00:01:16 And I've seen with fascination the rise of NVIDIA.
00:01:21 and probably his numerous qualities are at the base of his rise.
00:01:26 Obviously, there is a team behind working.
00:01:29 When you have somebody as strong as Jensen as the CEO of a company,
00:01:34 obviously anything can represent a risk.
00:01:37 So I understand that the market is reacting like this because it's so crucial
00:01:42 and he's probably the most visible face of NVIDIA,
00:01:46 which is the most valorized company in the world.
00:01:50 but you know you know i think he has created something which will go beyond him so yes that
00:01:56 would be a short-term reaction uh kudo for whatever he's done uh no matter what are the
00:02:02 criticism that are behind him i think he's a he's a great man and he's a great person
00:02:07 yeah it's interesting because they're saying just wipe that 600 million 600 billion dollars
00:02:13 evaluation the cfo is taking over interim uh did you see elon musk saying if this guy resigns i
00:02:19 would hire him in a heartbeat i mean you know he said something of that nature uh do you think it's
00:02:26 the right move you think it's a right move for him to step down and walk away you know i uh ceos
00:02:34 at this level are you know i've been there certainly not at the level he has reached
00:02:38 you are under a lot of pressure you are under a lot of pressure the pressure of your shareholder
00:02:44 the pressure of your different stakeholders pressures of your employees pressure of your
00:02:48 family in his case so it's it's unbearable it's very very very very hard so at a certain point
00:02:54 in time enough is enough so I can understand he said look I don't want I don't want to you know
00:02:59 continue in this on this road I understand him frankly and I feel for him do you think guys
00:03:05 like him are very hard to replace just like guys like you the reason why I'm asking this and how
00:03:09 it correlates with you is it's easy to demonize guys like you now don't get me wrong the Chinese
00:03:14 spy thing is a little bit too much where you can't go and do that because that's uh that's
00:03:19 where it's controversial to get that but uh do you think it's hard to replace guys like you or
00:03:25 jensen these types of ceos mentality that the average person just doesn't maybe understand how
00:03:31 they drive collaborate behind closed doors develop coalitions behind closed doors how hard is it to
00:03:36 replace a jensen wong look i i think it's going to be very hard for a very simple reason uh because
00:03:42 on top of his own personality there is everything he has built for so many years that mean he has
00:03:48 been in a certain way uh made by what he has done it shaped him and he became somebody unique in his
00:03:57 own company it's going to be very difficult to find somebody who could emulate him because
00:04:04 you know you can find somebody as smart as him you can find somebody as good as a person as him
00:04:10 but never you will find somebody who has his history and what he has made that's what makes
00:04:15 people unique i don't think they are born like that i think they are made like that their own
00:04:19 history the challenges they faced the the failures that they had the successes they enjoyed all of
00:04:25 this makes them unique person frankly uh very valuable for the company for what they've done
00:04:32 in my case obviously i i became unique because of my history you know going through michelin and
00:04:39 and then going through Renault, and going to Brazil,
00:04:42 then the United States, then France, then Japan,
00:04:44 then all the challenges I faced in my life
00:04:47 made me unique for the job,
00:04:49 accepted by the Japanese and accepted by the French.
00:04:53 So I was difficult to replace
00:04:55 because I have a history that was unique,
00:04:58 that you can probably find somebody smarter than me
00:05:01 or have a maybe better personality than me,
00:05:03 but you never find somebody who has the same history
00:05:06 and the same background.
00:05:07 I think that's what would make Jensen very, very difficult to replace.
00:05:13 Now, will he be really well replaced?
00:05:17 Only the future will tell us this.
00:05:19 In my case, as you know, between 2018 and now,
00:05:25 there have been three CEOs already at the helm of Nissan,
00:05:28 and the company has been declining all the time.
00:05:30 So the answer is very simple.
00:05:33 No, they were not able to replace me,
00:05:34 because all of a sudden the companies stopped growing the profit disappeared the valorization
00:05:41 of the company went down 85 percent in seven years so all of this is showing that while obviously the
00:05:46 replacement has not been a success yeah i want to show two charts here for the audience to see
00:05:51 because what you just said is very important this is nissan stock stock under you when you got
00:05:56 involved from June 1999 to November 2018, it went from $100 all the way up to, I don't know,
00:06:04 $1,500, $1,519, January 2007. There was a bit of a dip after 2008, and you brought it back up.
00:06:10 So you took it from around $400 to $1,074, the day you stepped down as CEO, April of 2017. Now,
00:06:16 if we go back and look at what happens to Nissan after you step down, this is what happens after
00:06:21 you step down nissan went from wherever it was to now being down to 300 so if i was to ask you
00:06:27 an open-ended question and and somebody said you're you're not being held accountable to
00:06:32 this answer but if you were to short hold or buy nvidia what would you do
00:06:37 oh i will frankly i will uh today if i'm already in a shareholder i will i will hold i will certainly
00:06:47 not shorted i'll wait until to see frankly who's going to come and take the helm what kind of
00:06:53 organizations are going to have but the potential of the company is there their product is there
00:06:59 their power is still there if they are lucky enough to find the right person and the right
00:07:04 i would say executive committee because usually it's also a team which is behind you know i want
00:07:11 I want to remind you that when I was arrested in Japan in 2018, the share collapsed.
00:07:19 The share collapsed not only because I left, but with me, about 10 critical people left the company.
00:07:25 And these 10 people found themselves becoming CEO of many other companies.
00:07:29 Oh, wow.
00:07:29 One of them being today the CEO of Hyundai.
00:07:32 You know, the CEO of Hyundai today is a Spanish guy who was part of my team.
00:07:41 Can you share with the audience what Hyundai is?
00:07:43 What is Hyundai?
00:07:44 How big is Hyundai?
00:07:45 What does Hyundai do?
00:07:46 Hyundai today is the third largest car company in the world,
00:07:51 behind Toyota and Volkswagen.
00:07:54 They've been doing very well.
00:07:55 Hyundai?
00:07:56 Hyundai?
00:07:57 Yes.
00:07:57 Okay, got it.
00:07:58 No, no.
00:07:59 Hyundai.
00:07:59 Hyundai, the Korean company.
00:08:01 Forgive me.
00:08:01 Hyundai.
00:08:01 i will correct it moving forward i will say the right way moving forward yeah exactly and also
00:08:08 so it's extremely important but also i want to come back to what you said about the the collapse
00:08:14 of the share of nissan don't forget that uh you know the yen at the same time uh weakened a lot
00:08:20 but if you take the share in dollars between 18 and 2018 and 2000 and now it went from ten dollars
00:08:27 a share to 1.5 dollars today it's it's a huge decrease and destruction of value but you know
00:08:34 in uh unfortunately in some countries like japan or even we're going to talk about france after
00:08:40 nobody feels accountable for that i mean in a certain way you know people make mistakes they
00:08:46 make the wrong choices but nobody is accountable for that people accept this kind of huge destruction
00:08:52 of value without trying to say, well, who's responsible for that?
00:08:56 Okay, when I sell my business, I want the best tax and investment advice.
00:09:01 I want to help my kids, and I want to give back to the community.
00:09:04 Ooh, then it's the vacation of a lifetime.
00:09:08 I wonder if my head of office has a forever setting.
00:09:12 An IG private wealth advisor creates the clarity you need with plans that harmonize your business,
00:09:17 your family, and your dreams.
00:09:19 Get financial advice that puts you at the center.
00:09:22 Find your advisor at IGPrivateWealth.com.
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