Rich and Paul come back to the office after the holidays just full of predictions for tech, politics, and the economy.
rich, how were your holidays?
Rich Ziade:They were pretty good.
Rich Ziade:They were pretty good.
Rich Ziade:Um, relaxing.
Rich Ziade:Lots of family over Christmas dinner.
Rich Ziade:It was quite lovely.
Rich Ziade:Um, but really hunkered down and kind of chilled out.
Rich Ziade:Kids were sick.
Rich Ziade:Everybody was sick.
Rich Ziade:I think I gave it to everyone, but
Paul Ford:We came over for Christmas dinner.
Paul Ford:It was, it was fantastic.
Rich Ziade:It was very nice to have you.
Rich Ziade:It was a very filled house.
Rich Ziade:It was like 20 something
Paul Ford:It's fun to be the Irish, mostly Irish family in the giant Lebanese
Rich Ziade:It's just very loud all around you.
Paul Ford:you.
Paul Ford:the food's really
Rich Ziade:The food's wonderful.
Rich Ziade:Yeah.
Paul Ford:everybody, everybody is just kinda, I, I don't know.
Paul Ford:We're, you're all used to us and we're used to you.
Paul Ford:It's really nice.
Paul Ford:So, okay, here we are.
Paul Ford:It's 2023.
Paul Ford:Year.
Paul Ford:Happy New Year.
Paul Ford:Ziti Ford Advisors.
Paul Ford:Our podcast is, is still very new.
Paul Ford:We're getting to.
Paul Ford:Yep.
Paul Ford:And, uh, let's make some predictions.
Paul Ford:Let's help people get their years started off right, it.
Rich Ziade:I'll take tech.
Paul Ford:All right.
Paul Ford:Where, where is it gonna go?
Rich Ziade:Uh, I think in the, we've been seeing this heading in this
Rich Ziade:direction for a while, but I think we are going to see quality over
Rich Ziade:quantity really take hold this year.
Paul Ford:Gimme an example.
Rich Ziade:The world is filled with very short, brief
Rich Ziade:snippets,
Rich Ziade:like little Cheeto bites of.
Rich Ziade:That's what is fueled and funded the web for so long.
Rich Ziade:And I think, uh, I think, uh, that is starting to exhaust everyone.
Rich Ziade:So that's one narrative.
Rich Ziade:you can see it, right?
Rich Ziade:You can feel it.
Paul Ford:this is my take on Twitter.
Paul Ford:It's not that Elam Musk will wreck Twitter.
Paul Ford:I mean, , he actually has more than I thought Um, it's that the fever kind of
Paul Ford:broke and, and then when you go and you look at something else and you're like,
Paul Ford:Ugh, God, I just gotta get off this site.
Paul Ford:Then you come back and you're like, it's like when you, it's like when
Paul Ford:you eat like a, like a bad bodega.
Paul Ford:fried
Paul Ford:pie after like two, you know, it's been like five years.
Rich Ziade:is in that?
Paul Ford:Fried.
Paul Ford:Just fried?
Paul Ford:No, like a fried apple pie.
Paul Ford:You know they have like the sugar glazing
Rich Ziade:thing is pretty
Paul Ford:it.
Paul Ford:It is, but, but it's also, you taste it and you're like, this is not apple.
Paul Ford:Like, I remember this as being kind of a, you know, it has no flavor.
Paul Ford:It's just, it's just a.
Rich Ziade:of fat and sugar and butter.
Rich Ziade:It's
Paul Ford:caloric blast, right?
Paul Ford:It doesn't have flavor or variety or, and, and so, and it's been five years and when
Paul Ford:you go away from Twitter for like five minutes, you come back, you're like, God,
Paul Ford:it just, everybody just seems so unhappy.
Rich Ziade:and, and I think the, the consumption, uh, patterns are changing.
Rich Ziade:I think people are, um, gravitating back towards, uh, deeper,
Rich Ziade:more carefully crafted stuff.
Rich Ziade:And you're seeing that like, like why would, um, a CK.
Rich Ziade:Succeed.
Rich Ziade:It's not because the
Paul Ford:in a certain cohort, I, I, TikTok is bigger than everything we've
Rich Ziade:ever, TikTok is bigger than everything we ever imagined.
Rich Ziade:But even for TikTok, I would say eventually, here's the thing, I think
Rich Ziade:that's happened with tech, and I'm gonna go on a tangent for a brief second
Paul Ford:Nobody can, it's a prediction.
Paul Ford:You can say whatever you want.
Rich Ziade:Here's the thing with tech, um, the way tech has been,
Rich Ziade:Optimized over the last 10 years.
Rich Ziade:It's very generational.
Rich Ziade:It like it's lame to the next generation.
Rich Ziade:Always.
Rich Ziade:Like even Instagram, which found Facebook lame is now
Rich Ziade:looking lame to, it looks like.
Rich Ziade:Brunch in New York City.
Rich Ziade:That's all it
Paul Ford:help when they do the promoted like belly fat ads in
Paul Ford:the middle of the stream, right?
Paul Ford:Like, it's just
Rich Ziade:It's terrible.
Rich Ziade:And so I think all of these things, all the, all of these things
Rich Ziade:have expiration dates, frankly.
Rich Ziade:Uh, but, but I do think that there is a return there is going to continue
Rich Ziade:to be value in, um, something that.
Rich Ziade:Isn't trying to get you, isn't trying to manipulate you, is actually
Rich Ziade:trying to inform and entertain you that has some craft put into it.
Rich Ziade:Um, to me the, the real sort of survivor over of the internet and has barreled
Rich Ziade:through and will come back out on top again if it's not already on top, is hbo.
Rich Ziade:But the power of their content and their, their, their willingness to kind of
Rich Ziade:stick to quality, um, has allowed them.
Rich Ziade:With frankly, I, I don't know the budgets, but I have to imagine they
Rich Ziade:spend a lot less than Netflix or some of the other big players has allowed
Rich Ziade:them to just barrel through and still get you to pay 10 bucks a month.
Rich Ziade:And the reason for that isn't because of 18 second videos.
Rich Ziade:It is because some of their series take a year and a half
Rich Ziade:before the next season shows up.
Rich Ziade:They just are absolutely committed to the creative, uh, side of things.
Rich Ziade:Like I think people are overwhelmed.
Rich Ziade:They're looking.
Rich Ziade:For, I think curation is gonna, is gonna make a big comeback
Rich Ziade:because people need help.
Rich Ziade:It doesn't help me when Spotify pums me with 30,000 songs
Rich Ziade:telling me, check out this stuff.
Rich Ziade:It doesn't help
Paul Ford:Let me throw this back to
Rich Ziade:Less is more.
Rich Ziade:That's my prediction in tech for 2023.
Paul Ford:Let me throw this back to you.
Paul Ford:Culture is not a database.
Paul Ford:It looks like a database to a database.
Rich Ziade:bless his heart or her heart.
Paul Ford:Yes.
Paul Ford:The, so when people interact with culture, they don't just want to get search engine
Paul Ford:And so they go to forums and they talk on the forums and they go other places.
Paul Ford:And then what happens is giant technology companies were like, no,
Paul Ford:we now you need to do that over here because, we'll, we'll make it easier and
Rich Ziade:That's right.
Paul Ford:And, but they weren't able to deliver the value, they weren't
Paul Ford:able to deliver the community and the.
Rich Ziade:That's because they sought.
Paul Ford:That's Right.
Rich Ziade:And, and they needed scale because it was ad driven and nothing
Rich Ziade:against ad driven, but you needed scale.
Paul Ford:Right.
Paul Ford:But you can't have those communities.
Paul Ford:And so as people grow in, in their lives, they get into things.
Rich Ziade:Yes.
Paul Ford:And so suddenly they need those communities.
Paul Ford:You're into headphones.
Paul Ford:I'm in modular synthesizers, two nerdy, middle-aged dad kind of things to be into.
Paul Ford:Right?
Paul Ford:And we're not gonna, I'm not gonna find what I need on Google or Facebook.
Paul Ford:Some of it's on Facebook.
Paul Ford:Some of it's, sure, this groups, but it's one of many places
Paul Ford:that's not the community.
Rich Ziade:You're seeking out less noise and you're seeking out
Rich Ziade:more, um, signal and better signal.
Rich Ziade:And, and I think pe more and more people are realizing they need it.
Rich Ziade:People are exhausted.
Rich Ziade:I even young people, I think are finding it.
Rich Ziade:It's, it's fun to kind of do that and just scroll mindlessly for a bit,
Rich Ziade:but I think you're still seeking.
Rich Ziade:It's gonna become cool to show off the book you just read again.
Paul Ford:All right.
Paul Ford:That's a hell of a accomplishment if, uh, we get there in 2023, but, all right.
Rich Ziade:I, I don't know if it's a 2023 thing.
Rich Ziade:I, this is my prediction for the next four years.
Rich Ziade:We don't have to do this podcast next year.
Rich Ziade:Okay,
Paul Ford:That's nice.
Paul Ford:I'm gonna put that on the
Paul Ford:calendar.
Rich Ziade:tell me what, you give me a prediction
Paul Ford:I'll take politics.
Rich Ziade:Oh boy.
Paul Ford:It's a pretty simple one.
Paul Ford:I think we're entering a new phase of gridlock in America.
Rich Ziade:Oh, . That's not much of a prediction, but, okay.
Rich Ziade:Yeah,
Paul Ford:no, I mean, you know, the Republicans have the house, but
Paul Ford:they don't have a huge majority.
Paul Ford:The the speaker is now fighting with it.
Paul Ford:They're kind of fighting amongst themselves.
Paul Ford:The Democrats have new leadership, and Biden is this sort of like
Paul Ford:calm, stable, administrator.
Paul Ford:And so for whatever people might think of him.
Paul Ford:And so, uh, the drama is way down and people are gonna try to cook
Paul Ford:up new drama, but there is no engine like Trump and I just don't
Paul Ford:think that Trump can get back in.
Paul Ford:He did his digital playing cards and he like, is kind of
Paul Ford:announced his, his new campaign.
Paul Ford:Maybe he can, he went it first, but he's looking kind of old, tired.
Paul Ford:So I
Rich Ziade:do you think people are tired?
Paul Ford:Yes.
Rich Ziade:Okay.
Rich Ziade:So you think part of this isn't just politicians.
Rich Ziade:Chilling out.
Rich Ziade:It's just the game.
Rich Ziade:And I think this goes back to my point around tech is you can only
Rich Ziade:play that trick so many times.
Rich Ziade:And I think people are tired.
Paul Ford:Humans don't care, right?
Paul Ford:They wanna just, they wanna buy a TV at a store and, and
Paul Ford:it should be a really good tv.
Paul Ford:And then they wanna watch the shows.
Paul Ford:Most humans.
Paul Ford:I used to have the fantasy as a web guy that everybody wanted to create
Paul Ford:content and do things and so on.
Paul Ford:There's very, like everybody, you know, the, the tech industry in particular
Paul Ford:like has a fantasy that everybody wants to be a programmer and they all want to
Paul Ford:create content and most people don't.
Rich Ziade:Do you think
Paul Ford:most people, you said something to me once you're like,
Paul Ford:most people just want a piece of fish.
Rich Ziade:a good piece of fish ball is a wonderful
Paul Ford:98% of the world just would like a good piece of
Rich Ziade:fish, . That's fair.
Rich Ziade:Let, so let me ask you this.
Rich Ziade:I mean, your prediction are, are you saying this is a positive turn?
Paul Ford:I could go for some cob.
Rich Ziade:I think many people could.
Paul Ford:Yeah.
Paul Ford:I think collectively as a species, we, we just really would like,
Paul Ford:like I I, well, one thing the last five, six years has shown me as a
Paul Ford:manager, as a business owner, as a
Rich Ziade:father,
Paul Ford:as a father, as a person who's connected to politics and relatively
Paul Ford:progressive, you can't change another human being's It just doesn't work.
Paul Ford:They, they believe what they believe.
Paul Ford:Sometimes you can bunch things a little this way and that way you
Paul Ford:really can't change their mind.
Paul Ford:Yeah.
Paul Ford:And so this idea of the last seven, eight years, it's just like we,
Paul Ford:we've been trying to like achieve some kind of societal change through
Paul Ford:Twitter and activism and it's like everybody's a little fried.
Rich Ziade:Yeah.
Rich Ziade:I agree with that.
Rich Ziade:And, and I'm okay with this prediction for this year.
Rich Ziade:I think everybody could use it.
Rich Ziade:I think, um, I think people have come to see the tricks better.
Rich Ziade:I believe that,
Paul Ford:well, it's dc there's, there's always an immune system where
Paul Ford:you start to like go like, well, they're manipulating me, and then
Paul Ford:they find new ways to manipulate you.
Paul Ford:It is what it is.
Rich Ziade:I forget how the calendar works.
Rich Ziade:Last question for you.
Rich Ziade:So this year I think people announced their candidacy right?
Rich Ziade:To like for,
Rich Ziade:to run
Paul Ford:Yeah.
Paul Ford:Trope was early.
Rich Ziade:the, are the primaries.
Rich Ziade:This year, I, I don't know what the calendar
Paul Ford:No, you start.
Paul Ford:I don't remember.
Paul Ford:I don't think so.
Paul Ford:I think I like,
Rich Ziade:But people do get out there, they start
Paul Ford:to, oh yeah.
Paul Ford:They do those debates with 700 Republicans.
Rich Ziade:Do
Rich Ziade:you think it'll be less divisive?
Paul Ford:No.
Paul Ford:I think it's like anything you, you, you think it'll calm down.
Paul Ford:As you get closer and closer to the big events, it gets more and more bananas.
Rich Ziade:Do you think it'll be less bananas than the last couple of cycles
Paul Ford:because we had this unusual presence.
Paul Ford:Right.
Paul Ford:Imagine like, I mean, it's literally, you know, Marjorie Taylor
Paul Ford:Green's brain on a TV celebrity.
Paul Ford:Like it was unprecedented.
Rich Ziade:Yeah.
Rich Ziade:Do you, so you think it'll be less mud slinging at the debates and things like
Paul Ford:that?
Paul Ford:Uh, it'll always be grizzly and horrible.
Paul Ford:You just won't have this like, radiating set of, of situations that just make
Paul Ford:everybody miserable all the time.
Paul Ford:It'll just be awful.
Paul Ford:You'll, you'll look at your team baseline.
Paul Ford:Yeah.
Paul Ford:You'll look at your team and you'll go like, oh, I can't believe
Paul Ford:that's who I have to vote for.
Paul Ford:And then you'll look at the other team and you'll go, they'll kill everyone I love.
Paul Ford:Yeah, right.
Paul Ford:And so, and you'll make your decision and like, we'll, I will, I'm sure
Paul Ford:by the end of the year find lots of things to be horrified about.
Paul Ford:But, but at least for right now, it just feels like, you know, just
Paul Ford:business as usual for a minute.
Paul Ford:So I just like less drama.
Paul Ford:It's a prediction, not a goal.
Rich Ziade:a little connected to mine, my prediction in tech, which
Rich Ziade:is just everyone calming down and seeking out better experiences rather
Rich Ziade:than more divisive, ugly experiences.
Paul Ford:All right.
Paul Ford:I got one more for you.
Paul Ford:Let's keep this a short podcast.
Paul Ford:Getting back into the, into the new year.
Paul Ford:Ooh, one more.
Paul Ford:The economy.
Paul Ford:What do you think's gonna happen with Muddy?
Rich Ziade:Um,
Rich Ziade:I, this is, this is above my pay.
Rich Ziade:Frankly, um, I, I do.
Rich Ziade:We're
Paul Ford:employ.
Rich Ziade:We're self-employed.
Rich Ziade:Um, I, I'll say this, I, I think, I think the world is gonna hold onto its
Rich Ziade:money a lot more as to, I don't know, the cr I, I hate it when people say,
Rich Ziade:I think we're gonna get a recession.
Rich Ziade:I don't even know, I don't know what the criteria is.
Rich Ziade:I don't know if there is a standards body that decides that we are in one.
Rich Ziade:I
Paul Ford:It's also the last year has been like recession.
Paul Ford:No.
Paul Ford:Yeah.
Paul Ford:Like there's like a, like a, a magic eight ball.
Paul Ford:It's
Rich Ziade:It's just a good.
Rich Ziade:I, I do think, look, the market's lost.
Rich Ziade:They shed, you know, X percent in, in tech, I think it's
Rich Ziade:over 50% of their value.
Rich Ziade:Some companies are down 80, 90%.
Rich Ziade:What does that mean?
Rich Ziade:That means like the buffet, the lunch buffet is just not gonna
Rich Ziade:be as exciting as it usually is.
Rich Ziade:What does that mean?
Rich Ziade:That means the caterer doesn't get as much revenue.
Rich Ziade:What does that mean?
Rich Ziade:That means the farmers don't get to sell as much goods or whatever.
Rich Ziade:So I do think people are gonna hold on to their money.
Rich Ziade:Uh, this year Does that?
Rich Ziade:I'm not, I'm no economist and so I, I'm not gonna speculate as to
Rich Ziade:how that turns into a recession.
Rich Ziade:I think that's what that means.
Rich Ziade:Um, is that something that you end up in the doldrums for a few months?
Rich Ziade:My sense is, I hope there are some things that happen in the world that
Rich Ziade:Take a turn for the better they get, gets, gets, gives everyone a chance to
Rich Ziade:exhale and maybe loosen up and have a little more confidence in the future.
Rich Ziade:I think right now we're sort of, we're still getting waking up from the, the
Rich Ziade:pandemic, the u The war in Ukraine is ongoing, so the idea of betting
Rich Ziade:on like making five year bets right now just doesn't feel really good
Paul Ford:if we, if we look at the actual chaos of the world, right?
Paul Ford:Like it's a less disastrous winter from an energy policy point
Paul Ford:of view because climate change
Rich Ziade:Yeah.
Paul Ford:got like, it's, it's nice out in New York City right now.
Paul Ford:Right?
Paul Ford:And same in Europe.
Paul Ford:So, so the whole, some of the Ukraine like aftershocks are a little less profound.
Rich Ziade:I'll go ahead and make a prediction though, cuz
Rich Ziade:that sounded like a cop out.
Rich Ziade:I, I do think people are gonna hold onto their money more, but I think people,
Rich Ziade:I think people this upcoming year will start to open up again and I don't think
Rich Ziade:we're in for like a three year slog is my
Paul Ford:It doesn't look that way.
Paul Ford:Right?
Paul Ford:Like what something would have, there'd have to be something
Paul Ford:a little more precipitating.
Paul Ford:And I think also there were the days where something like the tech
Paul Ford:crash could really affect the rest of the economy in a specific way.
Paul Ford:But lots of value to value having God bless Tesla voters.
Paul Ford:Uh, but uh, it just doesn't, like there's still a big old economy humming.
Rich Ziade:And we're, we are in the United States, so we are talking about
Rich Ziade:just this juggernaut of an economy, right.
Rich Ziade:Like there's
Paul Ford:we just roll around in good fortune
Rich Ziade:Yeah.
Rich Ziade:Can I, can I throw a wish in?
Paul Ford:I love wishes.
Rich Ziade:love to see, uh, I'm Lebanese Lebanon has had one heck of
Rich Ziade:a rough run for the last four years.
Rich Ziade:Its economy is utterly cratered.
Rich Ziade:It's politically paralyzed.
Rich Ziade:It's in a bad spot on the earth, just generally.
Rich Ziade:It's just a tricky place.
Rich Ziade:I hope we get some good news of some sort out of there.
Rich Ziade:I don't know what it could be.
Rich Ziade:I can't hear.
Rich Ziade:Anyone tell me anymore about how resilient the Lebanese are?
Rich Ziade:Everyone, Lebanese people are tired of hearing that.
Rich Ziade:Uh, hopefully we get some tangible good news in 2023.
Paul Ford:that's it is unfortunately completely true cuz
Paul Ford:we work a lots of Lebanese people
Rich Ziade:people.
Rich Ziade:Yeah.
Paul Ford:resilient.
Paul Ford:Resilient Lebanese
Rich Ziade:Well, the irony, well, it's not even irony.
Rich Ziade:The reality is they are, they're extremely resilient.
Rich Ziade:But still some good news would be nice.
Paul Ford:I'll tell you what though.
Paul Ford:When you know a lot of Lebanese people and you kind of get in there,
Paul Ford:it, it's, it's a little, it's a plate of scrambled eggs in there.
Paul Ford:It's a mess, man.
Paul Ford:Like, no, nobody goes through those experiences without
Paul Ford:facing some consequence,
Rich Ziade:but I me tell you, they are delicious scrambled
Paul Ford:eggs.
Paul Ford:Oh, they're really good.
Paul Ford:They're, it's got that little sausage.
Rich Ziade:Uh, we wish everyone a, everyone is gonna have their own 2023.
Rich Ziade:Paul, we just gave macro predictions about the world.
Rich Ziade:Uh, very kind.
Rich Ziade:We're expecting the world to take a kinder turn.
Rich Ziade:Paul, you and I are being really optimistic about , about humanity.
Paul Ford:don't know why, like I think we just had a nice holiday,
Paul Ford:so now we're like, oh, you know me, we're, everything's very like a little
Paul Ford:recession, but nothing too bad, right?
Rich Ziade:maybe we do this again in a
Paul Ford:Oh, can you imagine at six months from now when we check in,
Paul Ford:it's someone out there and listening.
Paul Ford:You don't have to send us an email.
Paul Ford:Just keep an eye.
Paul Ford:In six months from now, you can get in touch and be like, you guys are idiot.
Rich Ziade:Yes.
Rich Ziade:But keep in touch.
Rich Ziade:Let us know what you think.
Rich Ziade:Tell us your predictions, and if you've got any questions,
Rich Ziade:reach out@hellozford.com.
Rich Ziade:And if you're so inclined, please give us those five stars and share the spread
Rich Ziade:the word about the Zian Ford Advisors
Paul Ford:advisors.
Paul Ford:All right.
Paul Ford:Let's go.
Rich Ziade:Good luck this year, Paul.
Paul Ford:Good luck, Richard.
Paul Ford:Bye-bye.