Podcasts about applied finance

Nik Bhatia is a prominent financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at USC Marshall School of Business, where he teaches Applied Finance in Fixed Income Securities. He is the author of the bestselling book Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies (2021) and his recent work, Bitcoin Age (2025). Bhatia is also the founder of TheBitcoinLayer.com, a premium markets research platform focusing on Bitcoin through a global macroeconomic lens. With a background in trading U.S. Treasuries and interest rate futures, he bridges traditional finance and Bitcoin, exploring its role as a store of value, a check on fiat systems, and a pluralistic monetary technology. You can follow me on⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠www.x.com/⁠Dale21M ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠or visit⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.whybitcoinshow.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for any feedback. I'm on a mission to help people understand "why Bitcoin". If you could like, comment and share this episode with friends, it's the single most valuable thing you could do to help spread the message.Need a hand with self-custody? Book a⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠session ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠with me to get your Bitcoin security house in order.

This interview is with George Bishay and Murray Ackman from the Regnan Credit Impact Trust team. In this discussion we demystify impact bonds, with some real life stories about the positive social and environmental impact that bonds can provide. George's investment management career spans over 30 years with Regnan's parent Pendal and its predecessor firms. He has also worked across numerous fixed income, credit and money market portfolios in fund management, credit analysis and dealing roles in that time. George holds Bachelor and Masters degrees in Business, and a Graduate Diploma in Applied Finance and Investment.Murray joined Pendal in 2020 to provide fundamental credit analysis and integrate ESG research across credit funds. Before joining the team, Murray worked as an independent consultant measuring ESG for family offices and Private Equity firms. Prior to this Murray was a Research Fellow at the Institute for Economics and Peace where he led research for the Institute on the Sustainable Development Goals, violent extremism and engagement with business. He has also worked as a management consultant and for a welfare organisation. Murray holds a Bachelor of Arts in Politics and International Relations, a First Class Honours degree and a Bachelor of Law from the University of New South Wales.We hope you enjoy this discussion with George Bishay and Murray Ackman of the Regnan Credit Impact Trust. You can check out Regnan and this fund at regnan-credit-impact-trust. See also:- the-social-bond-that-found-an-affordable-house-for-mum-to-be-kaitlyn - impact-investors-helped-stacey-and-luna-find-low-cost-housing- women-like-nasima-are-finding-a-career-path-with-help-from-regnan-investorsWe wish to acknowledge the traditional custodians of the land we recorded on, the Wardandi Noongar people. We pay our respects to them and their culture; and to elders past, present and emerging. For more information about James Baird, JustInvest Financial Planning and Ethical Investment Advisers see: justinvest and ethicalinvestment

Welcome to the latest episode of On the Couch, the podcast series where we chat with brokers, CEOs, and fund managers to give you valuable insights into the investing world.In this episode, Henry Jennings is joined by Guy Keller, Portfolio Manager for the Tribeca Nuclear Energy Opportunities Strategy, which invests in the equity and debt of companies involved in the nuclear energy industry, with a key focus on the uranium sector.As a senior member of the Tribeca Global Natural Resources investment team, Guy provides valuable insight and supply-and-demand modelling across key commodities such as iron ore, base metals, and precious metals. With over two decades of global commodity trading experience, including 15 years as Head of Asia Base Metals Trading at Macquarie Bank, he brings deep expertise in resource markets. Guy holds a Bachelor of Social Science (Economics) from UNSW and a Master of Applied Finance from Macquarie University, Sydney.Talking Points:What happened to the uranium rally?Despite strong demand for power from data centres, uranium prices have slumped to $64 - why?Every broker remains bullish, yet shorts have driven the sector lower. Is there any optimism among investors to match the analysts?The ASX uranium sector has been heavily sold off - what could change that?Where does value exist in the sector right now?Running a uranium-focused fund when the whole sector is struggling - how do you manage it?How does the fund invest? Does it have the ability to short uranium stocks?What needs to change in the uranium market to trigger a turnaround?How could life under Trump impact the sector? Would it?What would signal a turning point for the industry?What advice can be given to investors in resource stocks?Disclaimer: This is general advice only. Please consult your financial adviser before making any investment decisions.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Impact investing in emerging markets has been viewed as a high-risk proposition fraught with challenges. But my guest today sees these challenges as opportunities for innovation, identifying and investing in solutions that address critical social and environmental needs while building a resilient portfolio with competitive returns.Eliza Foo is a leader in sustainability and impact investing at Temasek, one of the world's most respected global investment firms, with a portfolio value of USD $288 billion. Temasek operates across public and private markets, investing from its own balance sheet, which allows for great flexibility in pursuing opportunities across asset classes, geographies, and sectors.Eliza's journey to becoming a leader in impact investing is inspiring and unique. From a young age, she excelled in academics, earning scholarships that took her to the Australian National University. She graduated as a valedictorian with a Bachelor of Commerce and later pursued a Master's in Applied Finance at the University of Melbourne.Eliza has built an extraordinary career in finance, starting with prestigious roles at Goldman Sachs and Merrill Lynch.  She later transitioned to impact investing - a field she has helped shape over the past decade.Eliza leads the Impact Investing team at Temasek, which plays a key role in achieving Temasek's mission of creating lasting value for this and future generations. Under her guidance, Temasek has spearheaded innovative investments in emerging markets, working to close gaps in financial inclusion, healthcare, agriculture, and climate.Her vision for impact investing combines financial rigor with measurable societal and environmental outcomes. You'll hear about her team's focus on linking impact metrics to financial KPIs to ensure growth and positive benefits are intrinsically connected.We also touch on Temasek's partnerships with organizations like LeapFrog Investments and ABC Impact, which enable them to amplify their reach and scalability in creating innovative solutions across the globe.Let's dive in!—About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, I interview a world-class investor who is an accomplished practitioner from all asset classes. In my interviews, I cover everything from their early personal journeys to insights into how they developed and executed their investment strategies and what challenges they face today. Each episode is a chance to go way below the surface with these impressive people and gain additional insights and useful lessons from professional investors.—Connect with SRI360°:Sign up for the free weekly email updateVisit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK—Key Takeaways:Intro (00:00)Eliza foo's background and early career path (02:55)Temasek's sustainability strategy (25:09)Impact investing at Temasek (38:41)Challenges and opportunities in emerging markets (53:51)Temasek's strategic partnerships (58:35)Temasek's exit strategy (01:11:38)Rapid fire questions (01:14:52)Contact info (01:18:54)—Additional Resources:- Temasek's Website- Eliza Foo's LinkedIn- Temasek's LinkedIn

This is a truly exciting episode in the seven year life of the humans of purpose podcast. I'm thrilled to kickstart our first "Snowie Season", with an introduction to the woman who made it all possible, Georgina Byron, CEO at the Snow Foundation. Georgina grabbed the reigns of her family office foundation in 2006 and has significantly grown the Foundation's reach and impact from its origins in Canberra. Through Georgina's leadership, the Foundation has deepened its commitment to the local Canberra region, broadened into other key regions close to the family (Sydney and South Coast) and backed dynamic start-up social entrepreneurs with bold national agendas.  Never complacent, Georgina has led further expansion into social justice issues and championed major social change projects rallying with many others; marriage equality, Raise the Rate campaign, the Voice Referendum and the elimination of rheumatic heart disease and crusted scabies in Aboriginal and Torres Strait Islander communities. Georgina is passionate about creating social change to improve the lives of Australians, especially women, girls, and First Nations Australians.  She is Co-Chair of Deadly Hearts Ltd, Deputy Chair of Sydney Community Foundation, Chair of Sydney Women's Community Fund Advisory Council, Philanthropy Australia board member and previous Chair of their Family Foundation Network.  Before boldly shaping the future of the Snow family legacy and her roles in philanthropy, Georgina had 13 years in the corporate sector holding senior executive positions at David Jones and AMP. She is a graduate of the Australian Institute of Company Directors, holds a Bachelor of Business Degree, major in Marketing and a Graduate Diploma in Applied Finance & Investment. In 2021, was awarded a Member of the Order of Australia. Georgina lives in Sydney with her husband and four daughters. Snow Entrepreneurs You can read all about the 17 Snow Entrepreneurs here, and we urge you to visit their websites and learn more about the innovative work each of them is undertaking to tackle some of the pressing social challenges of our times, and impress the impact that can be made when we harness business as a force for good.  Growing Your Business and Impact Talk to us today about how we can grow your capacity to level up your business and impact with our fully trained and managed outsourced marketing solutions - delivered by our digital heroes armed with good strategy, the latest tech and big smiles.  Learn more at humansofpurpose.com Promotional Partnerships Like what we are serving up on Humans of Purpose? Our promotional campaigns have delivered great marketing and sales outcomes and ROI for our partners to date.  Whether you're seeking a 1-month, 2-month or season sponsorship, follow the flow below to become a partner before we run out of our remaining promotional slots for 2024.  Click Here to learn more about collaborating on a custom campaign package. Ready to partner? Just complete this short Partner Enquiry Form and we'll be in touch. Gold Membership Want a premium listening experience that directly supports us to keep making the podcast?  Join current members Michael, Pravati, Noel, Kathy, Andrew 1, Andrew 2, Chris, Nikki, Margaret, Ben, Misha, Sarah and Geoff and enjoy our range of member benefits:  Premium dedicated podcast feed Removal of all three ads per episode Early access to all episodes Full transcripts of all episodes Brokered intros to all podcast guests Ask me anything page access To take up this great offer, just head to our Gold Member page today. CREDITS Music intro and outro on this podcast was written and performed by Keyo Rhodes, with Harrison McGregor on drums and percussion. Sound engineering and mastering by Lachlan McGregor.  

Fintech Chatter is brought to you by Tier One People - the executive search firm dedicated to connecting high-growth fintech companies with exceptional leadership talent. About this EpisodeIn the latest episode of Fintech Chatter, host Dexter Cousins chats to Simon Schwarz, Co-Founder and CEO of FreightInsure, about his journey from fintech to insurtech.Simon shares how his career from investment banking, to fintech, to insurtech (working with SocietyOne, Zip and BizCover along the way) has shaped his current scaleup, FreightInsure.We take a deep dive into Simon's strategy to build FreighInsure and how the MGA (Managing General Agent) model has enabled the distribution of embedded insurance products.Simon reflects on the dual responsibilities as Co-Founder and CEO, and his life hacks for balance and well-being. About SimonSimon is the Co-Founder and Managing Director of FreightInsure, Australia's leading platform for embedded freight insurance. He started his career at Investec Bank in Australia, holding roles as Head of Investments, Head of Credit and Head of Board Risk and Capita. Simon has sat on boards as a Non-Executive Director and Chairman at several investee companies.  He has also acted on advisory boards at Zip Co and Middle, and is a Board member of Insurtech Australia and the Regulatory and Compliance Working Group.Simon is a graduate of the Australian Institute of Company Directors, holds an MBA (Exec), Masters of Applied Finance, and is the recipient of the University Medal for pure mathematics from the University of Sydney. He was an Honorary Fellow at Macquarie University's Applied Finance Centre and a member of the  Menzies School of Health Research Development Committee. About FreightInsureFreightInsure offers embedded goods-in-transit insurance directly from a transport company's booking platform. Shippers no longer need to buy annual marine insurance policies, but can simply purchase insurance on a needs basis, when booking their freight, within less than a minute.Key TakeawaysHow the MGA model allows for rapid growth without the need for capital reservesHow distribution innovation is big Insurtech opportunityHow AI applications are being developed to enhance underwriting processesFreight and logistics market isn't sexy but it presents vast opportunities for growthIdentifying profitable market opportunities is crucial for business successThe quality of founders is the key to a startup's successFocus on distribution to solve market problems effectivelyThe role of a founder differs significantly from that of a CEOInsurTech in Australia is gaining momentum and attracting capitalChapters00:00 Introduction05:54 The Birth of FreightInsure12:01 Innovation in Distribution17:57 Future Innovations and AI Applications25:15 Identifying Market Opportunities30:54 The Dual Role of Founder and CEO39:00 The InsurTech Landscape in AustraliaLinks & Resources:Visit FreightInsure websiteConnect with SimoSend us a textSubscribe Newsletter: https://www.linkedin.com/newsletters/fintech-leaders-7092732051488980992/Connect on Linkedin: https://bit.ly/3DsCJBp

Headlines: Certain Australian businesses to be forced to accept cash payments, Joe Biden lifts ban on Ukraine using US missiles to strike inside Russia, PM won't detail emissions plans until next year and Kamala Harris' Uber Eats bill revealed. Deep Dive: After a very mixed year, the world's best-known cryptocurrency, Bitcoin, is surging in value. What exactly is going on with crypto right now? Can the current surge continue? And how should you think about the risks and rewards of an asset that's made a lot of people very rich, but made a lot of others lose, and lose big? On this episode of The Briefing, we hear from two experts on cryptocurrency to help us understand the wild world of crypto and where it's at right now. Bension Siebert speaks with Bryce Leske from Equity Mates Media and Dr Cynthia Cai, senior lecturer at Macquarie University's Department of Applied Finance.  Follow The Briefing:TikTok: @listnrnewsroomInstagram: @listnrnewsroom @thebriefingpodcast YouTube: @LiSTNRnewsroomFacebook: @LiSTNR NewsroomSee omnystudio.com/listener for privacy information.

Is equity the most underused wealth-building tool? Owen Rask believes it is—and we're missing out by not tapping into it. In this episode, we sit down with Owen from the Rask Group to explore how equity, particularly in property, can be a game-changer for growing your wealth. From property investment to ETFs and self-managed super funds (SMSFs), Owen breaks down how leveraging equity can open up opportunities you may not have considered. We also get into financial literacy in Australia, and Owen has some sharp insights. While more people are paying attention to their finances, many are still making risky decisions due to a lack of understanding. Owen highlights the importance of asking the right questions and getting proper advice to avoid costly mistakes. Curious about SMSFs? Owen unpacks the risks and rewards of SMSF property investing and explains why it's crucial to diversify. He also shares why you need to be cautious about SMSF lending schemes and one-stop-shop setups that might not always have your best interests at heart. As we look ahead, Owen talks about how AI could reshape financial advice and offers practical tips on how to protect yourself from scams in an increasingly digital world. This episode is packed with actionable insights that can help you take control of your financial future. Don't miss it! Episode Highlights: 00:00 - Introduction 00:59 - Who is Owen Rask? 01:53 - Owen Rask's take on the financial literacy in Australia 05:28 - Should you consider purchasing property through a self-managed super fund? 12:50 - What people need to think about before setting up an SMSF 16:03 - Where to go for guidance on managing your super effectively? 27:12 - Fractional property investment and what Owen thinks about it 34:13 - Is the perceived safety of ETFs being undermined by riskier funds? 37:21 - Is AI going to make it easier to get holistic and cost-effective advice? 50:40 - How to protect yourself from scams in an increasingly digital & tech-reliant environment 55:48 - Owen Rask's property dumbo About Our Guest: Owen Rask is The Rask Group's Founder, and Chief Investment Officer of Rask Invest. He also co-founded and is a Partner at Inflection, the business accelerator. Owen holds Masters Degrees in Financial Planning and in Applied Finance, and a Bachelor's Degree of Technology. Owen co-hosts podcasts and live shows with over 200,000 unique monthly listeners. Rask has now enrolled 30,000 Aussies into free online finance courses, on a pathway to 100,000 before 2027. Connect with Owen Rask: Website https://www.rask.com.au/ Resources mentioned in this episode: The Wolf of Wall Street: Money Lessons & Financial Scams to Avoid https://bit.ly/3Bbdlkd Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.flintgroup.au Work with Chris: chrisbates@flintgroup.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

In Episode 191 of the Fintech Chatter Podcast, Dexter Cousins is joined by Tim Buskens CEO of Hope Housing a not-for-profit initiative assisting Essential Service Workers. Dexter and Tim chat about the very real issue of home ownership in Australia for essential workers, as they battle to afford housing closer to where they work.About Hope Housing Tim has witnessed first-hand the issues faced by our essential workers in their fight to afford home ownership. He was struck by the stress many of our essential workers face on a daily basis. Observing how they are often forced to move away from their community in order to buy a home, resulting in long journeys to get to work. Mainstream banks view essential workers as too high risk for the traditional mortgage route and Tim felt there could be a better way.From this Hope Housing materialised. An innovative way for people to finance their home purchase through alternative investment, not just the bank route. Now in its 4th year, they are working with great partners who are helping make this happen.They've assembled an experienced team of financial and technology experts, culminating in a group of people who continue to innovate the solution and deliver the mission to help Australia's unsung heroes buy a home.About Tim BuskensTim is Chief Executive Officer and a Founding Director of HOPE Housing. Tim brings over 25 years' experience in financial services across both private and public sectors to the role at Hope Housing. Most recently as COO of the Australian Superannuation Funds Association, Tim has also held executive positions in Link Group, Oasis Asset Management and ASIC. Tim has a Bachelor of Business from Victoria University and a Masters of Applied Finance from Macquarie University.Send us a Text Message.Subscribe Newsletter: https://www.linkedin.com/newsletters/fintech-leaders-7092732051488980992/Connect on Linkedin: https://bit.ly/3DsCJBp

Damien Webb is Deputy Chief Investment Officer and Head of International for Aware Super, one of Australia's top performing super funds managing A$170 billion on behalf of its 1.1 million members.Based in London since October 2023, Damien oversees the Fund's international expansion strategy which aims to originate a UK, European and Global deal flow for the global portfolio's projected A$250 billion FUM milestone. He leads a team of 14 who have an initial focus on international Property, Infrastructure and Private Equity assets.Damien has over 25 years' experience in funds management he joined Aware Super as Head of the Real Assets team in January 2014, having previously worked at Perpetual Investments and ING Investment Management.Damien has a Bachelor of Economics degree from Sydney University and is an Associate of the Securities Institute of Australia having completed his Graduate Diploma in Applied Finance and Investment. In 2006, Damien completed his Master's in Applied Finance with Macquarie University.

On this episode of Deans Counsel, moderators Jim Ellis and Dave Ikenberry speak with Antonio "Tony" Bernardo, Dean and John E. Anderson Chair in Management at UCLA's Anderson School of Management, a position he's held since July 2019.Tony began his academic career at UCLA Anderson and has been a member of the finance faculty since 1994. He has a long history as an active and engaged member of Anderson's faculty and its administration, having served as department chair and senior associate dean for academic affairs from 2006 to 2009, and finance area chair from 2013 to 2015 and again in 2019. He previously held the Joel Fried Chair in Applied Finance and Robert D. Beyer Term Chair in Management.His impressive CV perfectly positions Tony to speak with us about the skills and temperament that being a dean requires, and his conversation with Jim and Dave is a must-listen for anyone curious about or aspiring to a deanship, as well as current deans seeking additional perspectives on the position.During this engaging episode, Tony shares with Jim and Dave useful advice and "hacks" for current and future deans, including:• Philanthropy as a pleasant surprise • Building an effective reporting structure• Tricks for multi-tasking • Technology and future pedagogy • Curricular ideas for the MBALearn more about Tony BernardoComments/criticism/suggestions/feedback? We'd love to hear it. Drop us a note at feedback@deanscounsel.comThanks for listening.-Produced by Joel Davis at Analog Digital Arts--DEANS COUNSEL: A podcast for deans and academic leadership.James Ellis | Moderator | Dean of the Marshall School of Business at the University of Southern California (2007-2019)David Ikenberry | Moderator | Dean of the Leeds School of Business at the University of Colorado-Boulder (2011-2016)Ken Kring | Moderator | Co-Managing Director, Global Education Practice and Senior Client Partner at Korn FerryDeansCounsel.com

Dr. Jamie Lines was raised on a farm in Victoria, Australia. He earned his Veterinary Science degree from the University of Melbourne in 1994.His first job was in an dairy oriented practice for two years, followed by some locum work in Australia and the UK. He returned to Australia where he and his wife purchased a dairy farm while he continued to work for local veterinary practices.He then made a career shift and trained as a mortgage broker, earning a Graduate Diploma in Applied Finance and Investment. He founded a financial planning business on the Gold Coast, which dissolved during the financial crisis a few years later.He found his way back to veterinary medicine, doing locum work and also traveling in Southeast Asia with his family.He and his wife founded a veterinary clinic in Alice Springs, Australia while completing the CIVT course in TCVM and the Introductory Western Herbal course. His latest professional activity has been offering integrative therapies from two small animal clinics on Australia's East Coast.Please enjoy this conversation with Dr. Jamie Lines as we discuss his childhood, education, career path, and the building blocks that each phase of one's career can provide over time.

Tom Trbojevic is an Australian professional rugby league player known for his versatility and exceptional skills on the field. He has Serbian descent and played multiple sports growing up, including 3 years with the Sydney Swans AFL Academy.Along with brothers Jake and Ben, Tom plays for the Manly Warringah Sea Eagles. 2021 was a standout season where he won the Dally M Medal for Player of the Year and Brad Fittler Medal for best NSW player in the State of Origin series. He set a new season record for Manly scoring 28 tries in 18 games.Tom's career has been hampered by injuries however he maintains an optimistic approach with a focus on continually improving himself. He has a degree in Applied Finance and Economics and has recently released his first book called The Turbo Pup. In this episode Andrew and Tom discuss:6:20 Tom's aversion to watching his own highlights, Tom's journey to playing in the NRL and what playing AFL has taught Tom about playing Rugby League.12:10 Tom and his brothers' connection, what the Trebojevic boys think of Tom and training mental skills.22:20 How Tom downregulates, interacts with fans and pre-performance routines.25:50 Tom's struggles with injuries, 2021 season in stats and incredible State of Origin performance.30:00 Season ending injuries, writing a kids book and resilience during injuries.37:00 Advice to people struggling, engaging with fans and Tom's nightmare MRI story.43:30 Manly pride jersey saga, poker nights at Tom's house and heroes, hardships and highlights.48:15 Playing the opening round of season 2024 in Vegas, looking into the future and wearing coaching gear.52:30 Q&A session.1:10:30 Andrew and Ange's reflections. Follow Tom on Instagram: https://www.instagram.com/tomtrbojevic/Get a copy of The Turbo Pup: https://shorturl.at/guwIP Find out more about Andrew's Keynotes : https://www.andrewmay.com/keynotes/Follow Andrew May: https://www.instagram.com/andrewmay/Follow StriveStronger: https://www.instagram.com/strive.stronger/If you enjoy the podcast, we would really appreciate you leaving a short review on Apple Podcasts, Spotify or Google Play. It takes less than 60 seconds and really helps us build our audience and continue to provide high quality guests.

On today's episode of The Greatness Machine, Darius chats with Nik Bhatia, financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities.  Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures.  After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. You'll discover some of the primary misconceptions people have about Bitcoin. You'll learn how to think of Bitcoin as a digital version of gold. You'll also discover Bitcoin's current market capitalization. Join Darius and Nik for this fascinating and eye-opening discussion. Topics include: Some of the primary misconceptions people have about Bitcoin Seeing Bitcoin as a digital version of gold Bitcoin's current market capitalization And other topics… Connect with Nik: LinkedIn: https://www.linkedin.com/in/nik-bhatia-cfa-cmt-b549b858/ Twitter: https://twitter.com/timevalueofbtc  Connect with Darius: Website: https://therealdarius.com/ Linkedin: https://www.linkedin.com/in/dariusmirshahzadeh/ Instagram: https://www.instagram.com/whoompdarius/ YouTube: https://therealdarius.com/youtube Book: The Core Value Equation https://www.amazon.com/Core-Value-Equation-Framework-Limitless/dp/1544506708 Learn more about your ad choices. Visit megaphone.fm/adchoices

The Year was 2022: No asset class globally escaped the enormous price resetting created by the most aggressive tightening cycle seen in history. Fixed interest markets felt the most pain: US 10-year bonds fell 39.7% for the year. If we were lucky enough to be Marty McFly and set our dash clock back to 28 December 2021 (the market high), how would you manage a bond portfolio differently?During this podcast, Craig discusses topics such as how Anthony and Western Asset Management adopt such a hugely successful fixed interest strategy to remain ahead of the market. How do you position fixed interest during an economic cycle? How do you reshape a bond portfolio given the frequently changing central commentary? Most importantly can bonds still act as a core defensive asset class – for all investors?Craig sits down with Anthony Kirkham, the Head of Melbourne Operations and Investment Management for Western Asset Management. Anthony personally manages in excess of AUD$18 billion in fixed interest, spanning across more than 33 years of experience. Anthony is the Head of the Australian Investment team, Head of Australian Operations, and Portfolio Manager at Western Asset since 2007. Mr Kirkham holds a Bachelor of Commerce degree from the University of Melbourne, a Master of Applied Finance from Macquarie University and a Graduate Diploma from the Securities Institute of Australia. Anthony also holds the CFA designation.Founded in 1971, Western Asset Management is one of the world's leading fixed-income managers. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed-income sectors. Western Asset Management's parent company, Franklin Templeton, operates in 155 countries. Franklin Templeton offers boutique specialisation on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 32 countries and approximately 1,250 investment professionals, the California-based company has 75+ years of investment experience and approximately A$2.1 trillion in funds under management as of 31 March 2023. Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

ESG investment refers to the practice of considering environmental, social, and governance factors in the investment decision-making process to generate sustainable and responsible returns.  It was great to connect with Angela Ashton from Evergreen Consultants to discuss building portfolio with this lens but also some of the current challenges in the market. Angela founded Evergreen in 2016 and is ultimately responsible for all investment activities at Evergreen.  Angela has 30 years' experience in investment markets. She has held senior investment roles at QIC, was Head of Ratings at van Eyk Research and General Manager, Managed Funds Research at IWL Ltd (now CommSec). She has contributed to the industry through serving on a number of education committees with groups such as Kaplan and the Investment Management Consultants Association (IMCA). Angela holds a Bachelor of Science, Bachelor of Economics, a Graduate Diploma in Applied Finance, Master of Commerce (Finance) and has completed the Certified Investment Management Analyst course. She is a Fellow of FINSIA To calculate the ERIG Index score, using the Responsible Investment Association Australasia's (RIAA) Responsible Investment Spectrum as a foundation, Evergreen Consultants look at seven capabilities: impact investing, active ownership, negative screening, positive screening, ESG integration, norms-based screening, and sustainability-themed investments.  Connect with Angela here: Website: https://www.evergreenconsultants.com.au/main/index.html#esg LinkedIn: https://www.linkedin.com/in/angela_ashton   Resources from RIAA (Responsible Investment Association): https://responsibleinvestment.org/what-is-ri/ri-explained/ https://responsibleinvestment.org/fact-sheets-and-guides/   Thanks for listening!  We love your support, please subscribe, review, comment and share this episode to help empower and educate more folks around the money stuff!   Check out more about us here: www.moneymechanics.com.au www.scottmalcolm.com.au Check out our Financial Service Guide and Privacy Policy here.   Follow and like us on socials: Instagram: @moneymechanics Twitter: @moneymechanics   Money Mechanics Pty Ltd (ABN 64 136 066 272) is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd (ABN 47 097 797 049) AFSL and Australian Credit Licence No. 236523   General Advice Warning Information in this podcast has been prepared for general information purposes only and not as specific advice to any particular person.    Any advice contained is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs.  Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances.  Past performance of financial products is no assurance of future performance.  Product Disclosure Statements contain information necessary for you to make a decision whether or not to invest in financial products which may be mentioned in this podcast.See omnystudio.com/listener for privacy information.

Episode 76 - The Value of Bitcoin in a Layered Money System   Bitcoin took the financial landscape by storm. Its convenient access even to non-traders attracted a huge fraction of investors ranging in different age groups. But what is bitcoin? How does it interact with our current money system? What value does it provide?   In today's episode, tune it to Mo's interview with financial researcher, finance professor, and author of the #1 bestseller Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies, Nik Bhatia. Nik and Mo talk about a brief history of bitcoin, where we are today, and where we are going in a layered money system. They also discuss the hierarchical role and value that bitcoin's plays in our money system.   About Nik Bhatia: Nik Bhatia is a financial researcher and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business, where he teaches Applied Finance in Fixed Income Securities. He is author of the #1 bestseller Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He currently writes The Bitcoin Layer, a research publication on Substack. Previously, Nik worked on the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. He has a BA in Social Sciences from University of Southern California, a Master in Finance from IE Business School in Madrid, Spain, and is both a CFA and CMT charterholder. Nik lives in Los Angeles with his wife and daughter. Learn more at www.LayeredMoney.com.     Catch Nik on: thebitcoinlayer.com layeredmoney.com   Connect with Mo on: Website: https://www.high-risecapital.com/ YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured Instagram: https://www.instagram.com/highrisecapital/ Medium: https://mobina.medium.com/ For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index  

As the famous saying goes, "Knowledge is Wealth," and this statement holds when it comes to finance. Individuals who possess education and experience are more likely to make informed financial decisions that contribute to the growth of wealth and enable us to use our time efficiently. Considering the rapidly evolving economic landscape, how crucial is education to thrive in this dynamic environment? In this episode, I have a wonderful discussion with my business partners, Jim Fairhall-Dicke and Chad Brookes, The Directors of Zenith Global Wealth Management and Aureus Financial Advisors. Our discussion revolves around financial strategies, advice, education, and the current state of the financial market in the year 2023. Jim is a financial advisor with 20 years of experience in the industry. Throughout his career, Jim has gained extensive experience and expertise in creating and building wealth for his clients. Jim's commitment to his clients is unwavering, and he consistently goes above and beyond to provide superior service and financial advice. He holds a Master's Degree in Financial Planning and Services, which has equipped him with the best financial advice and strategies to help his clients achieve success. Chad's passion for sharing knowledge with others and helping them create wealth is what inspired him to pursue a career in financial planning. Over the years, he has worked with numerous companies, providing expert financial advice and helping them to grow their wealth. He also holds a Master's Degree in Applied Finance, Investments, and Security, and is committed to staying up-to-date with the latest trends and developments in the financial industry. Key Takeaways What financial advice is and the key to great client engagement  What strategy and investment mean in working with a client  The Role of Education in the financial advice process The advice process of retiree client  What it is like providing advice to business owners as clients The nuances and misunderstandings when making a financial strategy Key things to consider when working with financial advisors “You need to be wealthy or ready to get the most value from” Is this true? Chad and Jim's view of the financial markets in 2023 What does “The Bank Run” means  Connect with Jim Fairhall-Dickie Jim on Linkedin  Connect with Chad Brookes  Chad on Linkedin Chad on Instagram Important Links Aureus Financial  Zenith Global Wealth Management Grab his amazing FREE book: Open Everyday: Break Free of the Launch Cycle with a Simple System that makes New Sales Everyday   P.S Whenever you're ready, here are 3 ways I can help you create more cash flow, more wealth and more time: 1. Get the 60-minute crash course In our FREE Facebook Community, we have an on-ramp program that will help you map out your goals, review your foundations, get some quick runs on the board and get you excited again about your life and business. If you want to learn more, visit  https://www.facebook.com/groups/thewealthmentorcommunity/ 2. Join our Your Lifestyle Business Implementation Program and be a Case Study I'm putting together a new business owner case study group this month... stay tuned for details. If you'd like to work with me on your scale plans... contact me on Messenger and comment the word 'Case Study' at  https://www.messenger.com/t/jackson.millan 3. Book a Breakthrough Session And if you ever want to get some 1:1 help, we can jump on the phone for a quick call, and brainstorm how to get you to remove cash flow bottlenecks and turn your business profits into personal wealth. contact me on Messenger and comment the word 'Breakthrough' at  https://www.messenger.com/t/jackson.millan

In this episode, we speak with Jason Orthman from Brisbane-based fund manager Hyperion. We discussed everything from why we should be investing in growth mandates throughout the cycle, the outlook for inflation and the recent short-selling attack on listed company Block.Hyperion Asset Management was founded in 1996 with the aim to grow the wealth of high-net-worth individuals and enhance their family's futures. Hyperion now manages over $10 billion for industry and public funds as well as many private investors. The moneys are invested in Australian and/or global equities either through large individual mandates or our three publicly available managed funds. Jason joined Hyperion in 2008 as an Investment Analyst and was promoted to Portfolio Manager in 2009. Prior to this, Jason gained 6 years of industry experience as a Senior Research Analyst with a stockbroker, Wilsons. He has covered a wide range of sectors including mining services, retail, manufacturing, and waste. Jason has a Bachelor of Chemical Engineering (1st Class Honours) and a Bachelor of Business Management from the University of Queensland. He also completed a Graduate Diploma of Applied Finance and Investment from the Australian professional body (now called FINSIA). Jason is a CFA Charterholder and a significant shareholder of Hyperion.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Tom Trbojevic is a professional rugby league player and also a licenced finance broker with iFin Capital with a focus on the equipment rental industry.Tom recently completed a Bachelor of Applied Finance with the degree of Bachelor of Economics at Macquarie University and talks through the importance of planning a career after a professional sporting career.Learn more about iFin Capitalhttp://www.ifincapital.com.au/contact/tom@ifincapital.com.auThe Hire & Rental Industry Association (HRIA) promotes hire as the preferred choice for Australian business and consumers through supporting members, hire businesses, developing people and growing the industry. Celebrating our 50th anniversary in 2018, the HRIA continues to be a powerful voice for the hire industry in Australia, providing direction and support to enhance the success and safety of hire businesses in Australia.PODCAST INFO:Podcast website: https://www.therentaljournal.com/podcast-episodesApple Podcasts: https://podcasts.apple.com/au/podcast/the-rental-journal-podcast/id1529824111Spotify: https://open.spotify.com/show/1EhZH7P39tgHJpmAyaF1He?si=xDVjELiFTqSX_u8fwbV5Uw&nd=1Email: mark.simonsen@therentaljournal.comSOCIAL:LinkedIn: https://www.linkedin.com/company/the-rental-journalInstagram: https://www.instagram.com/therentaljournalpodcast

Nik Bhatia is a financial researcher and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business, where he teaches Applied Finance in Fixed Income Securities. He is the author of the best-seller Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He currently writes The Bitcoin Layer, a research publication on Substack. In this episode, he discusses the younger generation's interest in Bitcoin and digital assets. He also dives into monetary history and some of the most important takeaways. Nik takes a global macro approach to Bitcoin analysis as a former bond trader and rates analyst. He expects the U.S. dollar “will remain King Dollar for decades to come.” Moreover, he thinks Bitcoin won't break the dollar and will coexist with the dollar system. 0:00 Intro 3:00 Teaching at USC 7:00 Students embracing bitcoin 11:00 Monetary History 17:50 Views on the U.S. Dollar 23:29 Protecting yourself from a broken dollar system 31:00 Inflation and possible path for monetary policy

Nik Bhatia is a financial researcher and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business, where he teaches Applied Finance in Fixed Income Securities. He is author of the #1 bestseller Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He currently writes The Bitcoin Layer, a research publication on Substack. Previously, Nik worked on the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. He has a BA in Social Sciences from University of Southern California, a Master in Finance from IE Business School in Madrid, Spain, and is both a CFA and CMT charterholder. Nik lives in Los Angeles with his wife and daughter. Learn more at www.LayeredMoney.com. https://thebitcoinlayer.substack.com    REFERRAL CODES:  Coin Stories is powered by Okcoin. Okcoin is on a mission to make crypto investing and trading easily accessible to anyone around the world. We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto. Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. We are a collective of global citizens with a common passion to help decentralize finance and level the economic playing field for everyone around the world. Visit https://www.okcoin.com/natalie for $50 in Bitcoin when you sign up.  ***  BITCOIN 2023, which will be the BIGGEST BITCOIN EVENT IN HISTORY held May 18-20 in Miami Beach. If you missed Bitcoin 2022, make sure to head to  @Bitcoin Magazine  to find videos and highlights of all the biggest events and panels. You can get an early bird pass for Bitcoin 2023 at a steep discount if you head to: https://b.tc/conference/bitcoin2023.  Use code HODL for 10% off your pass.  ***  With iTrustCapital, you can actually invest in crypto without worrying about taxes, or fees. iTrustCapital allows their clients to invest in crypto through an individual retirement account, or an IRA. IRAs are tax sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is that it's totally free to open an account, and there are no hidden fees. You don't need to pay any monthly subscription or membership fees either. If you open and fund an account, you will get a $100 funding bonus added to your account. To learn more, click the link below and open a free account to learn more. https://itrust.capital/nataliebrunell  ***  Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with the Fold's Bitcoin cashback debit card and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats!  #bitcoin  #cryptocurrency #inflation

On today's episode of https://therealdarius.com/the-greatness-machine-series/ (The Greatness Machine,) Darius chats with Nik Bhatia, financial researcher, CFA charter holder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities.    Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures.    After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies.   You'll discover some of the primary misconceptions people have about Bitcoin.   You'll learn how to think of Bitcoin as a digital version of gold.   You'll also discover Bitcoin's current market capitalization.   Join Darius and Nik for this fascinating and eye-opening discussion.   Enjoy! What You'll Learn in this Show: Some of the primary misconceptions people have about Bitcoin. Seeing Bitcoin as a digital version of gold. Bitcoin's current market capitalization. And so much more...   Resources: https://www.layeredmoney.com (Layered Money book) https://therealdarius.com (The Real Darius) https://www.facebook.com/therealdariusm/ (Facebook) https://www.instagram.com/whoompdarius/ (Instagram) https://therealdarius.com/YT (YouTube) https://twitter.com/kingdarius (Twitter) https://www.linkedin.com/in/dariusmirshahzadeh/ (LinkedIn) This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Monday Breakfast - 14 Marchwith Evan - Stephen Duckett, Health Director from the Grattan Institute, talked about how we can address out of pocket costs in the Australian health system. The conversation looked at the Grattan Institute's latest report into the subject and what can be done to tackle the prohibitive costs of seeing medical specialists in Australia.  - Lurion de Mello, Senior Lecturer in Applied Finance from Macquarie University, gave an excellent update on the current state of the international energy market and what lies ahead for energy costs and the global economy..  - Kim Usher, Professor in Nursing from the University of New England, spoke about the relationship between domestic violence and natural disasters and the need for better planning and strategies to support the most vulnerable disaster survivors. Check out her great article on the subject here.  -Peter Martin, Economics Editor for The Conversation, provided great analysis on how the recent sanctions against Russia have influenced strategic decisions, upended the orthodoxy of global trade and are having a huge impact in Russia. More from Peter here.  MusicUnder the Milkway - Jimmy LittleQueen Jane Approximately - Emma SwiftPush the Blues Away - Josh Teskey and Ash GrunwaldFeels like Home - Randy NewmanLove is The Key - Cedric BurnsideRoyal in the Afternoon - The Whitlams

Negotiating is part of our every day – from business deals to romantic relationships, we all need to be able to create outcomes that work well. Hopefully meeting our needs and those of others who we may work, transact, live and socialise with.   My guest today Simon Russell is the founder and Director of Behavioural Finance Australia (BFA). At BFA he provides specialist behavioural finance training & consulting. His services are designed to improve financial decision-making, communication, and engagement. He mostly works with fund managers, major super funds, financial advisers and other financial services professionals. Simon is at the forefront of how behavioural finance research can be applied to improve financial decisions and outcomes. His own research has demonstrated the efficacy of a number of relatively simple psychological strategies – such as how changing the order that investment returns are presented can help investors make better long-term decisions, how ‘anchors' can impact perceptions about the value of financial advice, and how category labels and graph axes can influence investment choices and risk perceptions. Simon is the author of three books on behavioural finance: Behavioural Finance - A guide for financial advisers, Applying Behavioural Finance in Australia and Cyborg, and is currently writing his fourth: Behavioural Finance - A guide for listed equities teams. He is a regular speaker on behavioural finance and financial decision-making at industry and academic conferences. Simon holds a Bachelor of Arts (Psychology) & Bachelor of Commerce (Finance) both from the University of Adelaide, Graduate Diploma in Applied Finance & Investments from the Securities Institute of Australia, Master of Applied Finance from Macquarie University, Diploma of Financial Planning from MLC Advice Education and a Graduate Certificate in Management from the Australian Institute of Management.   Hear from Simon on:   Why is negotiation so important and how can we get better at it? What is the #1 mistake most organisations make when it comes to addressing deeply ingrained issues with the way their leaders negotiate and how do you go about remedying this? Most businesses want action that generates higher returns, to lower risks, and winning as well as retaining more clients. However, when they are doing well enough with the status quo how do you advise they improve to future-proof their entities? What is anchoring about – how does it work in action? Has Covid and more widespread remote operating for most businesses changed what works best when it comes to negotiating? Explain with a case study or example, please.   To connect with Simon: LinkedIn: (5) Simon Russell | LinkedIn W: Home - Behavioural Finance Australia

Nik Bhatia is the author of the book Layered Money Nik is incredibly knowledgable in the realms of economics, finance, and monetary history. Layered Money is an incredible resource for those who would like to learn about our current monetary system, and how Bitcoin changes the game. Nik also authors a research publication called The Bitcoin Layer.  This is a great resource for keeping up with Nik's latest thoughts. We Cover: Geopolitics/Russian Conflict Layered Money Debt Supercycles Changing World Order The Burrito Index The FED's juggling act Blue Collar Bitcoin is powered by Coinkite Use PROMO CODE "BCB" for 5% off ColdCard purchases at coinkite.com. Coinkite is the producer of the iconic ColdCard.  ColdCard is widely regarded as the MOST secure signing device in existence.  ColdCard can be used by beginners or advanced users. Don't risk your bitcoin with an inferior signing device.  We use ColdCard ourselves, and recommend it to friends and family.   If you wanna get frisky, check out the BlockClock Mini, this beauty sits on a bookshelf or hangs on the wall and displays any metric about Bitcoin you can think of.  BlockClock Mini is a lust worthy addition to any Bitcoiners home.   SUPPORT THE BCB PODCAST: ⇨TIPS: strike.me/bcb (tips also open on Twitter) ⇨PODCAST 2.0 STREAMING: You can stream us fractions of a cent via Bitcoin sats on the Lightning Network!  We are live on Podcast 2.0 apps & wallets. BREEZ Wallet is a great way to get started→HERE is an easy tutorial that demonstrates exactly how to do it. ⇨You or someone you know is interested in having your product featured on our show?  Shoot us an email: bluecollarbitcoinpodcast@gmail.com ABOUT NICK BHATIA: Nik Bhatia is a financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in Social Sciences from University of Southern California and a Master in Finance from IE Business School in Madrid, Spain. ITEMS MENTIONED IN THE SHOW: Layered Money Nick's Website The Bitcoin Layer Changing World Order TWITTER: Follow Blue Collar Bitcoin Podcast @blue_collarbtc, Follow Nik Bhatia @timevalueofbtc EMAIL: Send us questions, comments, or feedback at bluecollarbitcoinpodcast@gmail.com

I'd like to introduce you to a new podcast called ETFs for Beginners. My co-host is Ana Kresina. She's much better on Instagram than me and you can follow us there by going to @etfsforbeginners. ETFs deserve their own podcast. They can represent a different style of investing altogether, or they can be part of portfolio that includes both individual shares and ETFs. Either way there's a lot to talk about. I'm also enjoying working with Ana who is a devotee of long term boring compounding investing. She also doesn't break Instagram the way I would. https://play.acast.com/s/etfs-for-beginnersWe are excited to be publishing our first episode with an actual guest! Jessica Leung from Betashares. In this episode Jessica explains how one of the best ways to start out with ETFs is with a broad market cap weighted index. So you're essentially getting the market, the whole of the ASX 200. She also explained why she decided to create content on social media, to raise awareness of financial literacy. Who better to speak in this space than a person actually managing an ETF themselves. You can find her in Instagram and TikTok via @theleungwayHere's a link to a recent article from Jessica about the ESG revolution: https://www.betashares.com.au/insights/the-esg-revolution/Jessica is a member of the portfolio management team at BetaShares. Prior to joining BetaShares, Jessica worked within the Systematic Equities Portfolio Management team at Macquarie Investment Management. Jessica is a CFA Charterholder and has a Bachelor degree in Actuarial Studies and a Bachelor of Applied Finance from Macquarie University.ETFs for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not ETFs for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation. See acast.com/privacy for privacy and opt-out information.

We are excited to be publishing our first episode with an actual guest! Jessica Leung from Betashares. In this episode Jessica explains how one of the best ways to start out with ETFs is with a broad market cap weighted index. So you're essentially getting the market, the whole of the ASX 200. She also explained why she decided to create content on social media, to raise awareness of financial literacy. Who better to speak in this space than a person actually managing an ETF themselves. You can find her in Instagram and TikTok via @theleungwayHere's a link to a recent article from Jessica about the ESG revolution: https://www.betashares.com.au/insights/the-esg-revolution/Jessica is a member of the portfolio management team at BetaShares. Prior to joining BetaShares, Jessica worked within the Systematic Equities Portfolio Management team at Macquarie Investment Management. Jessica is a CFA Charterholder and has a Bachelor degree in Actuarial Studies and a Bachelor of Applied Finance from Macquarie University.ETFs for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not ETFs for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation. See acast.com/privacy for privacy and opt-out information.

The prospect of normalizing monetary policy has been the main catalyst for a major equity rotation that has favored value stocks. Could this be the long-awaited reawakening of value investing? We had the pleasure of speaking to Rafael “Rafa” Resendes, co-founder of Applied Finance and prominent value investor. Our conversation covered: Economic ValueTM as a core metric The power of the Investment Factor The importance of capitalizing R&D and other balance sheet adjustments Sensitivity analyses – recognizing how impactful assumptions on growth and cost of capital can be for valuations Risks that cannot be diversified away must offer higher returns Why CAPM doesn't make sense, both empirically and logically A market implied approach to cost of capital Leverage and size matter (a lot), though the former even more than the latter Taking advantage of historic mis-pricings Multiples, profitability, risk and competition The relevance of a company's cash flow duration, and how it relates to interest rates Balancing risk vs duration Intrinsic value and asset pricing models Valuation as measured by implied future growth   Thank you for watching and listening. See you next week.   This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

Henry McDonald interviews Gilbert Lennox-King, a co-founder of Construction Carbon to investigate how you can measure and offset embodied carbon. Construction Carbon offers a simple way to assess, reduce & offset embodied carbon. Gilbert will get down to the basics by explaining exactly what is embodied carbon.I think there's quite a large demand and a growing demand for what we are doing that is from developers who want to be recognised for basically calculating, reducing making better procurement decisions around the embodied carbon, we see that only going going to increase as the provenance of Leti benchmarks become more widely known as people become more educated. About Gilbert Lennnox-King, Co-Founder of Construction Carbon Gilbert grew up in New Zealand and has spent most of his career delivering ongoing energy management programmes and solutions across Asia, Europe, and the UK.More recently Gilbert has been heading up business development for sustainability focused property technology companies. He was involved with over 4 million sq metres of energy reduction programmes for multinational clients including JP Morgan, HSBC and Intercontinental with his previous company, Energenz. He co-founded Energenz in 2010, growing it to become one of Asia's leading energy efficiency consultancies before it was acquired by NV5 Global in 2017.Gilbert completed a Bachelor of Commerce at the University of Auckland and a postgraduate certificate in Applied Finance from the Securities Institute of Australia.Gilbert currently works for a leading commercial property developer, HB Reavis.Gilbert was also one of our group of experts in Episode 21: New Year Special: What Top Experts Predict In 2022

In our final episode for 2021, Candice and Felicity are joined by Martin Crabb, the Chief Investment Officer from Shaw and Partners. Together they discuss the year that was 2021, and explore the investment opportunities on the horizon for 2022. They chat about the recovery trade as the world begins to re-open, and look through all the noise and identify some key investment ideas. Martin joined Shaw and Partners in April 2011. Prior to joining Shaw and Partners, Martin was an Executive Director at Macquarie Group where he worked for over 20 years in roles spanning Institutional Stockbroking, Wealth Management, Research and Portfolio Management. Martin holds a Bachelor of Arts in Economics and Mathematics from the University of Melbourne, with postgraduate studies in Applied Finance. Follow Talk Money To Me on Instagram, or send Candice and Felicity an email with all your thoughts here. Felicity Thomas and Candice Bourke are Senior Advisers at Shaw and Partners, and you can find out more here. *****In the spirit of reconciliation, Equity Mates Media and the hosts of Talk Money To Me acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Talk Money To Me is a product of Equity Mates Media. All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial service professionals. It is not intended as a substitute for professional finance, legal or tax advice. The hosts of Talk Money To Me are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.Before making any financial decisions you should read the Product Disclosure Statement and, if necessary, consult a licensed financial professional. Do not take financial advice from a podcast. For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you. In the spirit of reconciliation, Equity Mates Media and the hosts of Talk Money To Me acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. Talk Money To Me is part of the Acast Creator Network. See acast.com/privacy for privacy and opt-out information.

Tasnia Alam co-founded ARISE Foundation to reveal the impact of financial abuse and provide financial freedom for women traditionally considered 'unbankable'. Tasnia has a background in Applied Finance and Law and was most recently an Associate Director at NSW Treasury. She has a decade of public and private sector experience across various industries, including audit, legal, corporate finance and public policy development.In this episode, Tasnia talks about what motivated her to start Arise, what financial abuse looks like, and the impact Arise Foundation hopes to create. What Can We Do is produced by Samuham Media, and hosted by Prema Menon. This podcast is also available on major podcast platforms.

In this episode of the podcast, we welcome Jason and Julius! - two fabulous humans from different continents who both strive for ‘something more' in everything they do.From tragedy and setbacks to climbing back and turning things around, this episode brings us many reasons to be grateful for all that we have. They don't always agree with each other, and in that conversation we learned a great deal.Here's a summary of what we discussed:8:32 - the ultimate goal is not the destination12:33 - what most businesses struggle with20:09 - you've got to ask: are you happy?27:32 - the need to be adaptable32:50 - what would you do for free, if you could?Plus much more…Enjoy!Here's some information about our guests:Julius FleischmanCEO & Founder, FaseelusJulius Fleischman is the founder and owner of Faseelus and also Co-director of SA-Photographers. His earlier career mainly consisted of being part of business startups that failed to launch due to the lack of knowledge, understanding but mostly because of his mindset. Working in various positions over 13 years gave him an edge that he now wants to share with the world. His true passion emerged when he started building websites and creating various online systems for clients worldwide. He now has experience building various types of online businesses ranging from E-learning platforms, membership platforms, and experience websites. Contact:W: https://faseelus.comF: https://facebook.com/faseelusLI: https://www.linkedin.com/in/juliusfleischman/LI: https://www.linkedin.com/company/faseelus/Jason HoodCEO & Founder, BourkeHoodJason Hood is the Founder & CEO of BourkeHood, a global R&D funding consultancy with offices in the US, UK, Australia and New Zealand. During his time working overseas in the R&D sector, Jason quickly became one of the best salespeople in the team of over 100 Business Developers and 100 Sales Representatives and was recognised as One of the Top Salesmen in the company. Under his leadership, BourkeHood grew exponentially within its first year, helping more than 180 companies access R&D benefits totalling A$30M, much of it was during the Covid period. Jason also runs multiple FinTech companies and has a track record working in wealth and funds management, with previous expertise coming from Westpac and BT (Westpac Group) whilst finishing his Masters in Applied Finance.Contact:LI: https://www.linkedin.com/company/bourkehoodF: https://www.facebook.com/BourkeHood/W: https://bourkehood.com/The purpose of the 6 Star Business is to bring awareness, connection and ingenuity to businesses aiming to shine today and into the future through more than 5 star reviews.  We are here to lift businesses to create a better future. If you'd like to get in touch please contact us at contact@6star.business Your hosts, Aveline & Pete

Season 2, Episode 44 : Know the “Why” In Your Career : Jill Tang Serial Entrepreneur, Community Builder and Women in STEM advocate Description: Finding purpose in one's career is a struggle for many people. Jayzen's guest this week, Jill Tang, has built an incredible career and opened doors for women in tech across Asia by truly understanding her purpose and staying true to it everyday. Based in Shanghai, China, Jill is the co-founder of Ladies Who Tech and works tirelessly for the advancement of women in the tech industry, reaching over 50,000 members in Asia. She is a big believer in the idea that what you do is not who you are and understanding the “why” in your career is what will propel you forward. Guest Bio Jill Tang Serial Entrepreneur, Community Builder and Women in STEM advocate Jill Tang is the co-founder of Ladies Who Tech, a social enterprise focusing on changing the status quo and promoting gender diversity and inclusion in the STEM industry through offering women digital skilling education, career opportunities and community network. It connects more than 50,000+ members across all social media in greater China and now has presence in 12 cities including Singapore and Kuala Lumpur. Her work has been covered by Forbes China, the Guardian, BBC, TechNode, Paper, CGTN and CNN. Jill is the finalist for 2016 Australia China Young Alumni of the year and top 100 Gen T in China by Asia Tatler in 2019. In 2020, Jill was awarded the 'Social Impact Award' at AmCham Future Leaders of the Year Awards. She holds a Bachelor of Commerce from Latrobe University, Master of Applied Finance from Monash University and MBA from Melbourne Business School. Links To learn more about Lead With Your Brand and the Career Breakthrough Mentoring program, please visit: LeadWithyYourBrand.com To book Jayzen for a speaking engagement or workshop at your company, visit: JayzenPatria.com

While the world is dealing with record prices for fossil fuels, recent news about hydrogen strategies brings this potential fuel solution back into discussion.   Having written extensively on the subject, Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University's Business School, joins Michael to explain more about what hydrogen is and why it matters.   The Government is putting $3 billion in incentives behind hydrogen, expecting to revolutionise the power industry as Andrew ‘Twiggy' Forrest plans to build a Green Hydrogen Plant in Gladstone, Queensland. See omnystudio.com/listener for privacy information.

Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University's Business School, joins Luke Grant to explain why the world has found itself in the middle of a global energy crisis. Dr De Mello writes, ‘European and Asian gas prices are at an all-time high, the oil price is at a three-year high, and the price of coal is soaring on the back of energy shortages across China, India and Germany.' ‘The surge in demand is being driven mostly by recovering economies and anticipated extreme weather across Europe and north-east Asia. China is stockpiling domestic coal and gas reserves, and Russia is reluctant to supply gas to Western Europe.' ‘Closer to home, Australia's gas prices are soaring, but might soon plummet.' See omnystudio.com/listener for privacy information.

George Freney is an experienced entrepreneur who is passionate and curious about how rapidly accelerating technology, combined with changing human behaviour, creates challenges and opportunities for people, businesses and governments.  George is fascinated with the idea lifecycle and the best way to generate worthwhile ideas, quickly assess if they are worth testing and validating if they are worth launching.  George has been involved with many technology-centric businesses as an investor, advisor, founder, director and executive.  In 2007 he helped found conTgo a market-leading mobile travel technology platform that was sold in 2013.  In 2012, he co-founded booodl to solve a complex problem for physical retail businesses. George led the company from initial idea through 5 rounds of fundraising, securing strategic customers and partnerships, multiple strategies and product pivots and the decision to stop pursuing the mission.  George is now a founding partner of 11point2, a boutique advisory and technology lab focused on helping people, businesses and government validate worthwhile ideas and co-founder and executive director of Space Machines Company, an Australian Space Transport and Logistics provider and a member of the Flinders University Governing Council Audit & Risk Committee. George has previously held board positions with the South Australian Government Entrepreneurship Advisory Board and was a director of the RAA and member of the Investment Committee.  George holds an Honours Degree in Chemical Engineering from the University of Adelaide, completed a Post Graduate Diploma in Applied Finance and Investment and is a Graduate of the Australian Institute of Company Directors.  In this episode, George and Daniel touch on his journey to where he finds himself today from studying Chemical Engineering to unpacking his experiences through his Entrepreneurial exploits, to what does the start-up mindset look like and its importance in uncovering and validating ideas. Georges core philosophy is "those that are able, are obligated to do" and his belief that "uncovering ideas that are worthwhile is an art". We also spend we spent a lot of time talking about the start-up world and the decision that all entrepreneurs fear: The idea of closing down or not pursuing a business.  George shared with us the thought process he went through and how he came to make the tough decision of liquidating and what was to "fail the right way" and all the lessons he took away from this experience. Books mentioned in this podcast: Can't Hurt Me - Master Your Mind and Defy the Odds - By David Goggins Range - How Generalists Triumph in a Specialized World - By David Epstein Extreme Ownership - By: Jocko Willink, Leif Babin Doom - The Politics of Catastrophe  By Niall Ferguson Where to find George Freney. LinkedIn 11point2 Join the conversation on Synergy IQ LinkedIn, Facebook and Instagram (@synergyiq) and please support other leaders by liking, subscribing and sharing this podcast.  Access SynergyIQ Website to get to know more about us.  Say hello to our host Daniel on LinkedIn. 

Since it's inception in July 2009, Wavestone's Dynamic Australian Equity Fund has produced a respectable net of fee return of 11.5% to Aug 2021 compared to the ASX 300's 10.1%. In this episode, we discuss Cathrine's background, as well as her style of investing, and the metrics Wavestone use to value companies. With Cathrine a successful individual in the funds management industry, we were able to touch on some of the challenges facing females in the funds management industry today. Finally, Catherine provides her outlook on current markets, as we surpass record highs and continue to move forward. Catherine has over 20 years of investment management experience working for companies such as SBC Warburg, Prudential and Colonial First State. She holds a Bachelor of Economics (major in Japanese) and a Graduate Diploma in Applied Finance and Investment. Catherine's background was as a bank credit analyst followed by stock analysis roles both for a stock broker and then a fund manager. Catherine became a portfolio manager for CFS in 2002 managing the Sector Neutral Fund as well as the Trans Tasman Share Fund.

This is Part 2 of our discussion with Dr Steve Garth. Steve is the Principal of Principia Investment Consultants and is a member of our Stephan Independent Advisory Investment Committee. I invested Steve onto It's Never About Money because he brings a unique perspective to his role in consulting on investments and investment philosophy. He has a rare combination of technical, research, and communication skills that have taken him to the top levels of academia, finance, and business. He holds a PhD in Mathematics, a Master of Applied Finance, a Bachelor of Science (Honours in Physics) and an Arts degree in History and Politics. In this episode we talk about DIY investing, diversified portfolios, private equity and why investing should be boring. Find out more: Connect with Steve on LinkedIn: https://www.linkedin.com/in/dr-steve-garth-5619267/ Website: https://www.principiaic.com.au/

Nik Bhatia is a financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Securities where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensinve trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in Social Sciences from USC and a Masters in Finance from IE Business School in Madrid, Spain.  We discuss US Treasuries, the Gold Florin, the discipline of hard money, how banks use their balance sheets to create money, the US vs China, CBDCs, are financial panics avoidable in a fractional reserve system, Hal Finney and so much more.  Ledn provides financial products to help you unlock the power of digital assets. With a secure and easy-to-use platform, it's the simplest way to earn interest, borrow, and trade your BTC and USDC with some of the industry's best rates. First in class when it comes to accountability and transparency, Ledn offers Proof of Reserves attestations and a highly responsive client success team, giving you peace of mind while you make the most of your Bitcoin. Learn more, sign up, and start earning at https://start.ledn.io/bitcoinmatrix. Use this code to take a LEDN loan and we both get $25 USDC.  Follow Nik @timevalueofbtc Check out his website LayeredMoney.com Buy Layered Money here: www.amazon.com/dp/1736110527 Make sure to subscribe, listen, learn and share the Bitcoin Matrix podcast. Follow the Bitcoin Matrix on twitter @delabtcmatrix Follow me on Twitter @CedYoungelman    

What causes human risk in companies, particularly at senior levels? That's what my guest on this episode, Professor Elizabeth Sheedy, has been exploring in her research. And she's just published a new book called Risk Governance: Biases, Blindspots & Bonuses. Elizabeth has been on the show two times before (links below) talking about Bad Behaviour in Banking and Accountability regimes. This time, she's back to help us understand how the three 'b's in the title of her book, are key drivers of human risk in organisations.We also discuss a book she has co-authored called Auditing Risk Culture - A Practical Guide.As ever, Elizabeth, who is a risk governance expert based in the Department of Applied Finance of Macquarie Business School in Sydney, provides fascinating insights and some wonderful stories to support her analysis. To find out more about Elizabeth's area of research

Nik Bhatia is a financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in Social Sciences from University of Southern California and a Master in Finance from IE Business School in Madrid, Spain. Nik lives in Los Angeles, CA with his wife and young daughter. Learn more at www.LayeredMoney.com.

Nik Bhatia is a financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities.  Nik and I discuss his book Layered Money, as well as: - Nik's journey in finance - the bond market - counter-party risk - leverage - the fall of Long-Term Capital Management - The Triumvirate of Liquidity - How Bitcoin reshapes the financial world  - what Bitcoin means to Nik, and the world   and then some...   Check out my music video"ETF" HERE https://www.youtube.com/watch?v=ZTSHhwyrB9o Join the band at ETF615.com Citadel21 Volume 6 https://www.citadel21.com/etf-economic-earworms-of-the-sound-money-revolutionhttps://www.citadel21.com/   To learn more about Bitcoin fundamentals... Go to: bitcoinonepager.com   Hope you're saving savings by stackin' those sweet, sweet, sats at savingsavings.io (AKA) SwanBitcoin.com/phil Get 10% off the SHAmory game at checkout when you use the promo code Phil10 Rate, Subscribe, and Review the show, and share it with someone who's curious about Bitcoin and needs a place to start.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCASTThis week we catch up with one of the smartest fund managers around. Many will be familiar with Nick Griffin from Munro Partners - he is a frequent valued contributor to Livewire and other media.Nick has spent the last 20 years managing long/short funds and most recently he is the founder and CIO at Munro Partners which has two funds , the ASX listed Global Growth Fund and the unlisted Concentrated Global Growth Fund both of which have offered investors great performance over a long period.Nick is responsible for the investment management of Munro’s key investment funds and the formulation and implementation of the proprietary investment process. Nick holds a Bachelor of Commerce (Hons) degree from the University of Melbourne, a Graduate Diploma in Applied Finance and Investment.Munro Partners is a global investment manager with a core focus on growth equities. Established in 2016 by an award winning investment team with a 15 year proven track record of strong returns, the business has over $5 billion in AUM.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCASTThis week we catch up with one of the smartest fund managers around. Many will be familiar with Nick Griffin from Munro Partners - he is a frequent valued contributor to Livewire and other media.Nick has spent the last 20 years managing long/short funds and most recently he is the founder and CIO at Munro Partners which has two funds , the ASX listed Global Growth Fund and the unlisted Concentrated Global Growth Fund both of which have offered investors great performance over a long period.Nick is responsible for the investment management of Munro's key investment funds and the formulation and implementation of the proprietary investment process. Nick holds a Bachelor of Commerce (Hons) degree from the University of Melbourne, a Graduate Diploma in Applied Finance and Investment.Munro Partners is a global investment manager with a core focus on growth equities. Established in 2016 by an award winning investment team with a 15 year proven track record of strong returns, the business has over $5 billion in AUM.

Systematic value strategies have had one of the worst performing periods in their history in the past decade. This extended underperformance, coupled with changes in the market and economy that many argue are unfavorable for the strategy have led many to question whether it is permanently broken. As believers in the strategy, we have a natural tendency to discount these arguments and to invite on guests who support our opinion. So in this episode, we wanted to counteract that bias and look at the other side of the coin.  We are joined by Applied Finance founder Rafael Resendes, who has been a vocal critic of traditional approaches to value. We talk about why traditional value may not produce the kind of results many value investors are looking for going forward and examine the arguments against the strategy.  We discuss:  - the difference between value and cheapness - the importance of economic profit - the case against the investment factor - the five factor model he built to address deficiencies in popular academic models  We hope you enjoy the discussion.  MORE ABOUT APPLIED FINANCE Applied Finance Capital Management FOLLOW RAFAEL ON TWITTER https://twitter.com/rresendes ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau

Hello Podcast listeners, Today is a very special episode with Rafael Resendes, partner at Applied Finance. Rafael co-founded The Applied Finance Group with Dan Obrycki back in 1995. Rafael co-manages the 5-star Applied Finance Select Fund. He earned his Bachelor of Science from the University of California and his Master in Business from the University of Chicago. In today’s episode we discuss his approach to investing and why buying cheapness is not value investing. Enjoy and thanks for the listen!

In the first interview for the 'What's Next podcast, Karim Kanji speaks to Jane Ractliffe, Co-Founder and MD of Standard Media Index. Jane gives us her insight and predictions for What's Next and why Australia/New Zealand is an excellent place for marketers to test and experiment whilst the rest of the world is still in the grips of the COVID-19 pandemic. ABOUT JANE Jane runs the Australian and NZ operations of Standard Media Index, a global provider of real-time advertising expenditure data, a business she co-founded in 2009. A former media editor of The Australian, Jane's background is in media, a business journalist specialising in the sector for 15 years. Media remains Jane's passion, although these days she's focused on SMI's business development and innovating in the reporting of new and essential ad spend metrics. They've recently introduced the world's first Future Ad Demand data and are leading the way in reporting Digital Ad Formats (Online Video, Audio etc.) and Static and Digital Outdoor Ad format expenditure data. They're now working on the first pricing metric for Digital media. Jane has a BA (Journalism) and a Graduate Diploma in Applied Finance and Investment. Subscribe to our podcast in all the usual places https://www.thewhatsnextpodcast.com/listen (www.thewhatsnextpodcast.com/listen) --------------------------------------------------------- **JANE'S LINKS** Follow Jane on Twitter - https://twitter.com/JaneRactliffe (@JaneRactliffe) Follow Standard Media Index on Twitter https://twitter.com/SMI_Data (@SMI_Data) ------------------------------------------------------------------ **FOLLOW US** PODCAST WEBSITE - www.thewhatsnextpodcast.com INSTAGRAM - www.instagram.com/activeintworld TWITTER - https://twitter.com/ActiveIntlUK (twitter.com/ActiveIntlUK) KARIM - https://twitter.com/karimkanji (twitter.com/karimkanji)

Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University's Business School, joins Michael regarding the recent rise of petrol prices which on the surface can’t be justified.    Last week saw the average price of unleaded petrol rising by a record 14.4 cents a litre, with no bigger jump having occurred in 17 years of records.  -- See omnystudio.com/listener for privacy information.

Summary In this episode, I had the pleasure of sitting down with Rafael Resendes who is the portfolio manager & co-founder of Applied Finance Capital Management. It was pretty exciting to have the co-founder of Applied Finance on the Intelligent Investing Podcast due to the fact they have become a thought leader in valuation and portfolio construction in the value investing community. You could say they are the real deal.  Unlike the majority of firms today that focus on low multiples to define “value”, they define value as identifying companies trading below their intrinsic value. Their Valuation Driven™ approach forms the foundation of their investment decisions. Applied Finance is 100% employee-owned, with the average tenure of our 10 partners being over 18 years. History of Innovation Research has always been a critical part of Applied Finance's culture.  In 1995, they humbly began in a Chicago basement, with the idea to create a better approach to measuring corporate performance and value companies than existed at the time. Their roots were and remain dedicated to answering two questions critical to any investment decision: What is a firm's economic performance? What is a firm worth? They developed the Economic Margin® framework to measure a firm's economic, rather than as-reported accounting performance, leading the industry with primary research into: Capitalizing R&D Estimating size and leverage risk premium Modeling competitive advantage through Economic Profit Horizon™ Ultimately, creating a direct link from corporate performance to valuation. Shortly thereafter, they began assembling a technical team that today includes a unique mix of professionals with diverse functional, educational, and cultural backgrounds.  The result is a special workplace that values: accomplishment, stability, and ethics in the pursuit of excellence for our clients. Since 1995, they have calculated over 20 million out of sample, point-in-time, company valuations.  Each week they add approximately 20,000 additional intrinsic value estimates to continually expand their knowledge and improve their strategies. Their proprietary research analytics provide the foundation for our repeatable and sustainable investment process. Philosophy His firm aims to buy stocks trading below their intrinsic value which forms the foundation of their strategies. As obvious as that phrase seems, he believes there is much to appreciate in its meaning and implementation that is too often is either ignored and/or misunderstood in the value investment community. First, he focuses his efforts on understanding a firm's intrinsic value, not its cheapness. Cheapness investing, encompassing the Fama/French value factor among other low price to something metrics, has become extraordinarily popular over the past 30 years.  While there has been an abundance of academic research and marketing expenditures promoting such styles, the research and messaging behind this approach is fundamentally flawed. After controlling for whether a stock is over or undervalued as measured by Applied Finance's Intrinsic Value Factor, cheapness provides little to no achievable excess returns. The “low price to something” investment managers know such metrics do not represent intrinsic value, instead, they hope the stocks they buy are correlated to companies trading below their intrinsic value. Each week, Applied Finance calculates the intrinsic value of every stock in the investable universe of each strategy they support to determine the stocks providing the most attractive future expected returns at any point in time to identify candidates for inclusion into our strategies. Second, his company actively cultivates a vibrant valuation culture within their investment group through an ongoing commitment to: Develop and maintain a deep professional expertise Perform ongoing theoretical and applied valuation research Continually review our valuation efficacy. Lastly, while it is easy for an investment manager to claim they perform valuations as part of their research process, it is important to understand that performing a valuation is actually very easy, it is only simple algebra. In contrast, it is extraordinarily difficult to consistently perform valuations that identify companies trading above and below their intrinsic value, which can be purchased or sold short to generate alpha at the portfolio level. Unlike any other firm, Applied Finance over the past 25 years has developed and maintained original, proprietary research to properly model equity risk premiums and Economic Margin® sustainability, which they call Economic Profit Horizon™. This enables them to avoid the unrealistic assumptions common to most valuation approaches practiced today. In addition, they archive 20,000 valuations weekly, over 20 million since 1995, that allow them to understand how well they value the stocks they own in their portfolios and just as importantly those they do not so they continually learn and grow our knowledge base from our mistakes. This enables them to avoid the unrealistic assumptions common to most valuation approaches practiced today.   About Eric Schleien Over the past decade, Eric has trained thousands of individuals including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry. Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less. Eric currently resides in Philadelphia, PA. Help Out The Podcast If you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!       You can subscribe to the podcast on the following platforms: Apple Podcasts Stitcher TuneIn Spotify Podbean iHeart Radio YouTube   CONTACT ERIC SCHLEIEN Facebook  |  LinkedIn  | Twitter  | YouTube | GSCM | Instagram Email: IntelligentInvesting@gmail.com

On the Couch with Henry this week are Ellerston Capital Australian Micro Cap Fund Managers David Keelan and Alexandra Clarke. The Fund has returned 24.10% pa since inception on May 1st 2017 - Click Here for the latest performance report. The Fund is an actively managed portfolio of Australian listed smaller company securities. The fund is made up of a portfolio of between 30 – 60 Micro Cap stocks. The Fund invests across a number of sectors, and offers access to higher growth companies not widely known. The investment team employ a fundamental, bottom up approach to stock selection and combine that with a focus on risk management when constructing the portfolio aiming to outperform the S&P/ASX Small Ordinaries Accumulation Index over a rolling three year investment horizon.David Keelan has been with Ellerston since 2008 - David has 13 years experience as an Investment Analyst and prior to joining Ellerston, David worked for UISL/Old Mutual in the UK for a period of 4 years in a Senior Dealing role. David graduated from Liverpool John Moore’s University with a BSc. Hons. in Technology Management in 2004. Alexandra Clarke joined Ellerston Capital as a Senior Analyst in 2017 and has 11 years of financial market experience. Prior to joining Ellerston, Alexandra worked as a lead analyst at Morgans. Alexandra graduated from Queensland University of Technology with a Bachelor of Laws and a Bachelor of Business majoring in Banking & Finance in 2007. She also holds a Graduate Diploma in Applied Finance from Finsia. Marcus Today Stock Market Newsletter

On the Couch with Henry this week are Ellerston Capital Australian Micro Cap Fund Managers David Keelan and Alexandra Clarke. The Fund has returned 24.10% pa since inception on May 1st 2017 - Click Here for the latest performance report. The Fund is an actively managed portfolio of Australian listed smaller company securities. The fund is made up of a portfolio of between 30 – 60 Micro Cap stocks.  The Fund invests across a number of sectors, and offers access to higher growth companies not widely known. The investment team employ a fundamental, bottom up approach to stock selection and combine that with a focus on risk management when constructing the portfolio aiming to outperform the S&P/ASX Small Ordinaries Accumulation Index over a rolling three year investment horizon.David Keelan has been with Ellerston since 2008 - David has 13 years experience as an Investment Analyst and prior to joining Ellerston, David worked for UISL/Old Mutual in the UK for a period of 4 years in a Senior Dealing role. David graduated from Liverpool John Moore's University with a BSc. Hons. in Technology Management in 2004. Alexandra Clarke joined Ellerston Capital as a Senior Analyst in 2017 and has 11 years of financial market experience.  Prior to joining Ellerston, Alexandra worked as a lead analyst at Morgans. Alexandra graduated from Queensland University of Technology with a Bachelor of Laws and a Bachelor of Business majoring in Banking & Finance in 2007. She also holds a Graduate Diploma in Applied Finance from Finsia. Marcus Today Stock Market Newsletter

This episode features Elizabeth Sheedy, a risk management expert and Professor based in the Department of Applied Finance of Macquarie University. This episode is a chance to examine some of her research and what she introduces as her professor role to students. She looks at risk governance, culture and remuneration in financial institutions. Her current focus research interests are: risk culture, ethical culture/leadership, remuneration and experimental investigation of risk management behavior. Elizabeth uses a range of research methods to build understanding of behavior in financial services including surveys, experiments, interviews as well as the econometric methods traditionally used by finance scholars. Also joining in the discussion is Greg Browne, a business executive who has joined on previous podcasts with expertise in looking at the executive compensation and other topics of accountability.

Lee Carseldine has spent a large part of his life challenging himself and understanding what it takes to get out of your comfort zone. He has now distilled it down to asking himself three key questions when faced with a decision - What can I learn from it? Does it excite me/scare the sh*t out of me? Will it add value to somebody? Sounds simple right? Well imagine that you have achieved your life long dream and single minded focus of becoming a professional athlete. You are signed up to play cricket for a living. Then imagine it is all taken away from you. You have a back injury, and spinal surgery that results in your contract being torn up. At 27 years old, you are recovering from a near death experience and having to start again. Well that is what happened to Lee.  In this conversation with Al Fawcett, Lee shares his story of the mental resilience and effort needed to make a comeback, and the feeling he had when he could once again call himself a professional cricketer. During his rehab he also study for a double Masters Degree (in Applied Finance) and was working to keep things afloat.  Lee will also share the lessons learned from appearing on the tv series Australian Survivor... twice, and his experience of setting up his own business. Drone It is an aerial video, photography and pilot training company and started as a one man operation and now has grown to having a team across the country.  So, are you still imagining what you would have done, or how you would have handled it? Do you know what questions you would have asked yourself and whether they would have driven you forward or held you back. Would you have applied the thinking needed for getting out of your comfort zone? If you would like to know more about Lee you can follow him on - Instagram - leecarseldine Twitter - @leeca77 LinkedIn - Lee Carseldine Websites - DroneIt.com.au & leecarseldine.com.au  Follow Al & infinite pie via - Instagram - Al_Fawcett & infinitepiethinking Twitter - @al_fawcett & @infinitepie LinkedIn - Al Fawcett Reach out and let me know how I can help.Thanks for listening, now go and do stuff that matters and have a good one.  

In this week’s podcast, Henry is On the Couch with Martin Crabb, the CIO of one of Australia’s broking success stories Shaw and Partners. Martin talks about why we have such a disconnect between economic reality and the market rally. He also talks about the sectors and stocks that he believes will continue to do well as we return to normal. Martin is a very experienced strategist and is instrumental in developing the model portfolios at Shaw and Partners. Another great guest and as you will hear, he used to for a billion dollar soccer team with...Henry. Enjoy! Martin joined Shaw and Partners in April 2011. Prior to joining Shaw and Partners, Martin was an Executive Director at Macquarie Group where he worked for over 20 years in roles spanning Institutional Stockbroking, Wealth Management, Research and Portfolio Management. Martin holds a Bachelor of Arts in Economics and Mathematics from the University of Melbourne, with postgraduate studies in Applied Finance

In this week's podcast, Henry is On the Couch with Martin Crabb, the CIO of one of Australia's broking success stories Shaw and Partners. Martin talks about why we have such a disconnect between economic reality and the market rally. He also talks about the sectors and stocks that he believes will continue to do well as we return to normal. Martin is a very experienced strategist and is instrumental in developing the model portfolios at Shaw and Partners. Another great guest and as you will hear, he used to for a billion dollar soccer team with...Henry. Enjoy! Martin joined Shaw and Partners in April 2011. Prior to joining Shaw and Partners, Martin was an Executive Director at Macquarie Group where he worked for over 20 years in roles spanning Institutional Stockbroking, Wealth Management, Research and Portfolio Management. Martin holds a Bachelor of Arts in Economics and Mathematics from the University of Melbourne, with postgraduate studies in Applied Finance 

Why do people who work in banks engage in bad behaviour? That's the question my guest on this episode, Professor Elizabeth Sheedy of Macquarie University in Sydney, specialises in researching. She is a risk management expert based in the Department of Applied Finance and since 2012 her research focus has been on Risk Governance, Culture and Remuneration in Financial Institutions. So she's ideally placed to explore why there appears to be such an issue with behaviour in Financial Services. In our discussion, we talk about why bad behaviour occurs and what we can do to mitigate it. What are the factors that drive people to engage in it? Would it make a difference if the industry were more diverse?You'll find links to her research below.For more on Human Risk, including the Newsletter and Video Channel. visit www.human-risk.com.This major study of risk culture in Australian and Canadian banks, highlights the issue of ‘avoidance' culture in predicting poor behaviour: https://onlinelibrary.wiley.com/doi/abs/10.1111/corg.12200 How both remuneration and culture predict compliance behaviour: https://www.sciencedirect.com/science/article/pii/S0378426619301864What is the potential of compensation deferrals to temper bad behaviour? Will people gravitate towards the pay structures they prefer? Will the nature of the workforce change if deferrals are introduced? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3535347This research explores the "Lehman Sisters" hypothesis, which posited that had Lehman Brothers been run by women, that things might have turned out differently. The research suggests the opposite; it turns out senior females in banks are pretty similar to their male counterparts.: https://www.emerald.com/insight/content/doi/10.1108/MF-11-2017-0465/full/html?casa_token=Sw-pGQTHpz4AAAAA:fu38Nld8uqZWES3N5koN1byos6t44SKVRrURunfUD9DWgLIHZlZpBqVDSMfR7eGbS1_-dpG3jmim_gVGRYuyo7qI1r1MQw1b0YoHvloXIVh4eZVllUvp

Even as major oil-producers have agreed to cut output amid a massive glut, this hasn’t prevented the US oil price falling into negative territory for the first time ever.   Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University's Business School, joins Luke Grant to explain how this happened.   ‘The extreme event of an actual negative oil price was triggered by speculation as much as by dwindling demand.’   ‘The West Texas Intermediate (WTI) price shock on 20 April was driven mainly by the expiry of the May oil futures contract which could not find a buyer to take delivery of barrels. This indicated to the market that there was little interest from buyers to take physical delivery of oil.’   ‘The collapse in the price was exacerbated by an exchange traded fund with a 25 per cent stake in an expiring contract. The fund dumped its holding onto the market at whatever price it could get, driving the severe negative impact on the price.’

Rob McBride of Tolarno Station downstream of Menindee Lakes holds a Bachelor of Economics (Accounting), Graduate Diploma in Applied Finance and Investment. He is Director of the Australian Wool Growers Association and a member of the Wool Carbon Alliance and Australian Wool Innovation. His family have been prominent pastoralists in South Australia for over 150 years. Rob calls out corruption killing the Murray / Darling-Barka in this interview he gave to Geoff Reid in mid March 2020 on the occasion of the Wilcania Bridge blockade protesting the theft of that communities river. --- Send in a voice message: https://anchor.fm/environmental-as-anything/message

Michael is joined by Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University's Business School, who says fuel companies deserve greater scrutiny and are fixated on their profit margins.   Dr De Mello says "when crude oil prices go up the retailers jack up their prices overnight, but it always takes longer — up to a month — for prices to come back down when the crude oil price drops."   He said fuel retailers usually operated on profit margins of 15 to 20 per cent, but that the current margins were significantly higher.   He expected fuel prices to drop in the coming weeks as demand eased on the back of new Coronavirus social-distancing laws.   Dr De Mello said consumers frequently overlooked independent fuel retailers and this could be costing them.

Guests: Sam Sicilia, Hostplus; Martin Thompson, Frontier Advisors. The ASX200 has collapsed by more than 20% in just three weeks since COVID-19 went global. When markets fall so far and fast, it induces a state of panic for many investors. In this episode of The Rules of Investing, I sit down with two very special guests to get their take on the current situation, and to hear what we could lay ahead. The first is Sam Sicilia, Chief Investment Officer of Hostplus. With more than $50 billion of funds under management and one million members, Hostplus is one of Australia's largest superannuation funds. Under Sam's guidance, Hostplus has become the top performing super fund in Australia over 10 years, according to Superguide. Also joining us is Marty Thompson, Senior Consultant at Frontier Advisors. After studying science in his undergraduate degree, Marty undertook PhDs in Molecular Cell Biology and cancer research. He's also worked as a research scientist and teacher in virology at Murdoch University. Since starting his Masters of Applied Finance, Marty has worked as a Commercialisation Analyst at Melbourne University, and an Investment Analyst at Starfish Ventures, a leading venture capital firm focused on biotech startups. In the first part of the episode, we discuss the disease itself, including what we know and don't know, and how the spread of the disease could play out from here. We then turn to discussing the effects that the disease and associated disruptions could have on the real economy. Finally, we discuss the effects on financial markets and individual investors.

After graduating from one of Vietnam's top universities and studying finance in Australia, Ho Thai Binh chose to return to his hometown, Vung Tau, and work for the provincial government. But that wasn't enough to pay the bills nor "cool" enough for his girlfriend. That was the turning point. Could he make a living by making a difference in Vietnam? Binh shares how he has spent his 20s trying to solve social problems in Vietnam.TopicsBuilding a social impact career in Vietnam (3:50)Starting SSVN and SiGen (17:00)Running a social enterprise (40:20)Ho Thai BinhHo Thai Binh is Co-Founder and Director of Survival Skills SSVN, which provides first aid training in Vietnam, and SiGen, which develops mosquito free catch basins for urban sewers. Both enterprises won Top 10 Blue Venture Awards for social entrepreneurship in 2019. Binh graduated with a Bachelors of Commerce from RMIT Vietnam and got a Masters of Commerce in Applied Finance from the University of Queensland.Show NotesSurvival Skills Vietnam (SSVN)SiGenOverseas Alumni of Vung TauYSEALIBlue Venture Award

This week's episode is a treat to all of the excel geeks out there. We are delighted to share the conversation we had with Joseph Lau, the only 2-time Financial Modelling World Champion at the ModelOff competition. We cover many interesting topics, ranging from his experience competing at the ModelOff competition, common mistakes people make in financial modelling, and tips on how to excel (pun intended) at financial modelling. Besides being a World Champion in his spare time, Joseph is a Director of Project Finance at the Commonwealth Bank of Australia. He is also a Co-founder of Spreadsheet Advantage, which is an Excel add-in designed to help excel users and developers increase their productivity. Joseph has a bachelor's degree in Computer Science and Mathematics, a master's degree in Applied Finance and a PhD in Pure Math.   The topics discussed include: 03:00 – Joseph's background 04:50 – Requirements for excelling at financial modelling 05:30 –How Joseph got involved in the ModelOff competition 06:15 – How does the ModelOff competition work 10:30 – Joseph's preparation to compete 12:00 – Joseph's experience competing at the ModelOff finals 13:00 – How has become a financial modelling world champion changed Joseph's career 15:15 – Joseph's tips on how to excel at financial modelling 17:50 – Areas in finance that requires strong financial modelling knowledge 19:00 – How to correct modelling errors 20:00 – The future of financial modelling 21:30 – How Joseph goes about training people in financial modelling 22:45 – Common mistakes in modelling 25:00 – Why Joseph retired from competing 27:15 – Why was Joseph nicknamed Fine Wine As always, make sure you share the podcast with anyone you think might benefit from the information. And don't forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

Ed is a real "slashie". He's a former Australian cricketer/an ABC cricket commentator/investor/entrepreneur. Ed prepared for the transition from cricket to finance by completing a Bachelor of Commerce and a Masters in Applied Finance whilst he was still playing cricket. (So as you've probably picked up by now he's certainly very driven). We discuss a business he co-founded called Tripod Coffee that makes compostable Nespresso coffee pods. We also discuss his role at TDM Growth Partners, a fund that invests in private and public companies. This episode is powered by Six Park, Australia's leading online investment manager www.sixpark.com.au For show notes visit www.sixpark.com.au

Small Biz Matters – a half hour program each week where you can work ON your business rather than IN it.with Alexi Boyd from Boyd Office Management ServicesDate: 22 January 2018 Marketing is no longer a matter of popping down to the local paper and taking out an ad. Its complex, and can involve positioning yourself as the expert in person online and in print, maintaining your professional profiles on various online platforms, writing articles and running events. Even a humble financial expert finds that you need to reinvent yourself continually to be recognised by your peers and the broader business community. On Small Biz Matters today we welcome Sarah Harding. She’s a financial advisor who is going to share with us a different sort of expertise - standing out from the crowd. Among other methods she’s set up a great Meetup group in the city welcoming professionals from all sectors to simply, network. Sounds simple right? No, it's hard work to get a group recognised as the place to be” and she’s going to share with us the positioning power that process can bring. Welcome to the show Sarah. Topics we’ll be covering: Take us through your small business background and how this experience has positioned you well to chat to small business about understanding finances.Background – family business, involved in the “corporate side” including banking, managing money outside of the business to help build the lifestyle you want Many people say the relationship with your financial advisor needs to be a personal as well as a professional connection. So what should a small business owner be looking for when engaging to an advisor?Relationship with clients When I started I recognised the negative reputation of the industry being very transactional. Adding value beyond giving advice Now, one unique way you’re known in the business community in Sydney is through your Why Meetup Groups. Can you tell us about your group and how the Meetup platform has helped to grow your reputation?People look there for a networking group People originally said it doesn’t give the right advice Researched which platforms to use to engage different audiences. 12 months ago I build tools & templates so I could get someone else to run the groups if I decided to diversify again How to run a good meetup eventBuilding numbers & being consistent Keeping in contact Need to attend others/give and take Importance of charging something, covering the costs or you’ll become resentful. Good food So what is it like working in a male-dominated industrySupportive family who’s encouraged women and girls to put their careers seriously. Emotional intelligence to know WHY men behave like that. There’s a good reason to be exposed to it so you can learn to work with people. Develop the skillsets to know HOW to work with them vs working against them. Setting boundaries requires confidence however. Dangers – most people don’t take their finances seriously. They don’t put aside the funds to have options. Being savvy with your money. To find out more go to their website: https://www.wyadvice.com Sarah Harding BIO: Sarah has been in the finance industry since 2010 and has worked with in both large banks and also smaller boutique financial planning firms and has worked her way up from administrative roles into financial advising and helping clients meet their financial goals. Also within that time frame she has completed a Bachelor of Business Majoring in Financial Planning a Diploma of Financial Planning and also a Masters of Applied Finance. Sarah prides herself on developing excellent working relationships with all clients to provide comprehensive financial advice based on their individual needs and goals.

Gudrun Talks to Sema Coşkun who at the moment of the conversation in 2018 is a Post Doc researcher at the University Kaiserslautern in the group of financial mathematics. She constructs models for the behaviour of energy markets. In short the conversation covers the questions How are classical markets modelled? In which way are energy markets different and need new ideas? The seminal work of Black and Scholes (1973) established the modern financial theory. In a Black-Scholes setting, it is assumed that the stock price follows a Geometric Brownian Motion with a constant drift and constant volatility. The stochastic differential equation for the stock price process has an explicit solution. Therefore, it is possible to obtain the price of a European call option in a closed-form formula. Nevertheless, there exist drawbacks of the Black-Scholes assumptions. The most criticized aspect is the constant volatility assumption. It is considered an oversimplification. Several improved models have been introduced to overcome those drawbacks. One significant example of such new models is the Heston stochastic volatility model (Heston, 1993). In this model, volatility is indirectly modeled by a separate mean reverting stochastic process, namely. the Cox-Ingersoll-Ross (CIR) process. The CIR process captures the dynamics of the volatility process well. However, it is not easy to obtain option prices in the Heston model since the model has more complicated dynamics compared to the Black-Scholes model. In financial mathematics, one can use several methods to deal with these problems. In general, various stochastic processes are used to model the behavior of financial phenomena. One can then employ purely stochastic approaches by using the tools from stochastic calculus or probabilistic approaches by using the tools from probability theory. On the other hand, it is also possible to use Partial Differential Equations (the PDE approach). The correspondence between the stochastic problem and its related PDE representation is established by the help of Feynman-Kac theorem. Also in their original paper, Black and Scholes transferred the stochastic representation of the problem into its corresponding PDE, the heat equation. After solving the heat equation, they transformed the solution back into the relevant option price. As a third type of methods, one can employ numerical methods such as Monte Carlo methods. Monte Carlo methods are especially useful to compute the expected value of a random variable. Roughly speaking, instead of examining the probabilistic evolution of this random variable, we focus on the possible outcomes of it. One generates random numbers with the same distribution as the random variable and then we simulate possible outcomes by using those random numbers. Then we replace the expected value of the random variable by taking the arithmetic average of the possible outcomes obtained by the Monte Carlo simulation. The idea of Monte Carlo is simple. However, it takes its strength from two essential theorems, namely Kolmogorov’s strong law of large numbers which ensures convergence of the estimates and the central limit theorem, which refers to the error distribution of our estimates. Electricity markets exhibit certain properties which we do not observe in other markets. Those properties are mainly due to the unique characteristics of the production and consumption of electricity. Most importantly one cannot physically store electricity. This leads to several differences compared to other financial markets. For example, we observe spikes in electricity prices. Spikes refer to sudden upward or downward jumps which are followed by a fast reversion to the mean level. Therefore, electricity prices show extreme variability compared to other commodities or stocks. For example, in stock markets we observe a moderate volatility level ranging between 1% and 1.5%, commodities like crude oil or natural gas have relatively high volatilities ranging between 1.5% and 4% and finally the electricity energy has up to 50% volatility (Weron, 2000). Moreover, electricity prices show strong seasonality which is related to day to day and month to month variations in the electricity consumption. In other words, electricity consumption varies depending on the day of the week and month of the year. Another important property of the electricity prices is that they follow a mean reverting process. Thus, the Ornstein-Uhlenbeck (OU) process which has a Gaussian distribution is widely used to model electricity prices. In order to incorporate the spike behavior of the electricity prices, a jump or a Levy component is merged into the OU process. These models are known as generalized OU processes (Barndorff-Nielsen & Shephard, 2001; Benth, Kallsen & Meyer-Brandis, 2007). There exist several models to capture those properties of electricity prices. For example, structural models which are based on the equilibrium of supply and demand (Barlow, 2002), Markov jump diffusion models which combine the OU process with pure jump diffusions (Geman & Roncoroni, 2006), regime-switching models which aim to distinguish the base and spike regimes of the electricity prices and finally the multi-factor models which have a deterministic component for seasonality, a mean reverting process for the base signal and a jump or Levy process for spikes (Meyer-Brandis & Tankov, 2008). The German electricity market is one of the largest in Europe. The energy strategy of Germany follows the objective to phase out the nuclear power plants by 2021 and gradually introduce renewable energy ressources. For electricity production, the share of renewable ressources will increase up to 80% by 2050. The introduction of renewable ressources brings also some challenges for electricity trading. For example, the forecast errors regarding the electricity production might cause high risk for market participants. However, the developed market structure of Germany is designed to reduce this risk as much as possible. There are two main electricity spot price markets where the market participants can trade electricity. The first one is the day-ahead market in which the trading takes place around noon on the day before the delivery. In this market, the trades are based on auctions. The second one is the intraday market in which the trading starts at 3pm on the day before the delivery and continues up until 30 minutes before the delivery. Intraday market allows continuous trading of electricity which indeed helps the market participants to adjust their positions more precisely in the market by reducing the forecast errors. References S. Coskun and R. Korn: Pricing Barrier Options in the Heston Model Using the Heath-Platen estimator. Monte Carlo Methods and Applications. 24 (1) 29-42, 2018. S. Coskun: Application of the Heath–Platen Estimator in Pricing Barrier and Bond Options. PhD thesis, Department of Mathematics, University of Kaiserslautern, Germany, 2017. S. Desmettre and R. Korn: 10 Computationally challenging problems in Finance. FPGA Based Accelerators for Financial Applications, Springer, Heidelberg, 1–32, 2015. F. Black and M. Scholes: The pricing of options and corporate liabilities. The Journal of Political Economy, 81(3):637-654, 1973. S.L. Heston: A closed-form solution for options with stochastic volatility with applications to bond and currency options. The Review of Financial Studies, 6(2):327–343, 1993. R. Korn, E. Korn and G. Kroisandt: Monte Carlo Methods and Models in Finance and Insurance. Chapman & Hall/CRC Financ. Math. Ser., CRC Press, Boca Raton, 2010. P. Glasserman, Monte Carlo Methods in Financial Engineering. Stochastic Modelling and Applied Probability, Appl. Math. (New York) 53, Springer, New York, 2004. M.T. Barlow: A diffusion model for electricity prices. Mathematical Finance, 12(4):287-298, 2002. O.E. Barndorff-Nielsen and N. Shephard: Non-Gaussian Ornstein-Uhlenbeck-based models and some of their uses in financial economics. Journal of the Royal Statistical Society B, 63(2):167-241, 2001. H. Geman and A. Roncoroni: Understanding the fine structure of electricity prices. The Journal of Business, 79(3):1225-1261, 2006. T. Meyer-Brandis and P. Tankov: Multi-factor jump-diffusion models of electricity prices. International Journal of Theoretical and Applied Finance, 11(5):503-528, 2008. R. Weron: Energy price risk management. Physica A, 285(1-2):127–134, 2000. Podcasts G. Thäter, M. Hofmanová: Turbulence, conversation in the Modellansatz Podcast, episode 155, Department of Mathematics, Karlsruhe Institute of Technology (KIT), 2018. http://modellansatz.de/turbulence G. Thäter, M. J. Amtenbrink: Wasserstofftankstellen, Gespräch im Modellansatz Podcast, Folge 163, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2018. http://modellansatz.de/wasserstofftankstellen S. Ajuvo, S. Ritterbusch: Finanzen damalsTM, Gespräch im Modellansatz Podcast, Folge 97, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2016. http://modellansatz.de/finanzen-damalstm K. Cindric, G. Thäter: Kaufverhalten, Gespräch im Modellansatz Podcast, Folge 45, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2015. http://modellansatz.de/kaufverhalten V. Riess, G. Thäter: Gasspeicher, Gespräch im Modellansatz Podcast, Folge 23, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2015. http://modellansatz.de/gasspeicher F. Schueth, T. Pritlove: Energieforschung, Episode 12 im Forschergeist Podcast, Stifterverband/Metaebene, 2015. https://forschergeist.de/podcast/fg012-energieforschung/

Gudrun Talks to Sema Coşkun who at the moment of the conversation in 2018 is a Post Doc researcher at the University Kaiserslautern in the group of financial mathematics. She constructs models for the behaviour of energy markets. In short the conversation covers the questions How are classical markets modelled? In which way are energy markets different and need new ideas? The seminal work of Black and Scholes (1973) established the modern financial theory. In a Black-Scholes setting, it is assumed that the stock price follows a Geometric Brownian Motion with a constant drift and constant volatility. The stochastic differential equation for the stock price process has an explicit solution. Therefore, it is possible to obtain the price of a European call option in a closed-form formula. Nevertheless, there exist drawbacks of the Black-Scholes assumptions. The most criticized aspect is the constant volatility assumption. It is considered an oversimplification. Several improved models have been introduced to overcome those drawbacks. One significant example of such new models is the Heston stochastic volatility model (Heston, 1993). In this model, volatility is indirectly modeled by a separate mean reverting stochastic process, namely. the Cox-Ingersoll-Ross (CIR) process. The CIR process captures the dynamics of the volatility process well. However, it is not easy to obtain option prices in the Heston model since the model has more complicated dynamics compared to the Black-Scholes model. In financial mathematics, one can use several methods to deal with these problems. In general, various stochastic processes are used to model the behavior of financial phenomena. One can then employ purely stochastic approaches by using the tools from stochastic calculus or probabilistic approaches by using the tools from probability theory. On the other hand, it is also possible to use Partial Differential Equations (the PDE approach). The correspondence between the stochastic problem and its related PDE representation is established by the help of Feynman-Kac theorem. Also in their original paper, Black and Scholes transferred the stochastic representation of the problem into its corresponding PDE, the heat equation. After solving the heat equation, they transformed the solution back into the relevant option price. As a third type of methods, one can employ numerical methods such as Monte Carlo methods. Monte Carlo methods are especially useful to compute the expected value of a random variable. Roughly speaking, instead of examining the probabilistic evolution of this random variable, we focus on the possible outcomes of it. One generates random numbers with the same distribution as the random variable and then we simulate possible outcomes by using those random numbers. Then we replace the expected value of the random variable by taking the arithmetic average of the possible outcomes obtained by the Monte Carlo simulation. The idea of Monte Carlo is simple. However, it takes its strength from two essential theorems, namely Kolmogorov’s strong law of large numbers which ensures convergence of the estimates and the central limit theorem, which refers to the error distribution of our estimates. Electricity markets exhibit certain properties which we do not observe in other markets. Those properties are mainly due to the unique characteristics of the production and consumption of electricity. Most importantly one cannot physically store electricity. This leads to several differences compared to other financial markets. For example, we observe spikes in electricity prices. Spikes refer to sudden upward or downward jumps which are followed by a fast reversion to the mean level. Therefore, electricity prices show extreme variability compared to other commodities or stocks. For example, in stock markets we observe a moderate volatility level ranging between 1% and 1.5%, commodities like crude oil or natural gas have relatively high volatilities ranging between 1.5% and 4% and finally the electricity energy has up to 50% volatility (Weron, 2000). Moreover, electricity prices show strong seasonality which is related to day to day and month to month variations in the electricity consumption. In other words, electricity consumption varies depending on the day of the week and month of the year. Another important property of the electricity prices is that they follow a mean reverting process. Thus, the Ornstein-Uhlenbeck (OU) process which has a Gaussian distribution is widely used to model electricity prices. In order to incorporate the spike behavior of the electricity prices, a jump or a Levy component is merged into the OU process. These models are known as generalized OU processes (Barndorff-Nielsen & Shephard, 2001; Benth, Kallsen & Meyer-Brandis, 2007). There exist several models to capture those properties of electricity prices. For example, structural models which are based on the equilibrium of supply and demand (Barlow, 2002), Markov jump diffusion models which combine the OU process with pure jump diffusions (Geman & Roncoroni, 2006), regime-switching models which aim to distinguish the base and spike regimes of the electricity prices and finally the multi-factor models which have a deterministic component for seasonality, a mean reverting process for the base signal and a jump or Levy process for spikes (Meyer-Brandis & Tankov, 2008). The German electricity market is one of the largest in Europe. The energy strategy of Germany follows the objective to phase out the nuclear power plants by 2021 and gradually introduce renewable energy ressources. For electricity production, the share of renewable ressources will increase up to 80% by 2050. The introduction of renewable ressources brings also some challenges for electricity trading. For example, the forecast errors regarding the electricity production might cause high risk for market participants. However, the developed market structure of Germany is designed to reduce this risk as much as possible. There are two main electricity spot price markets where the market participants can trade electricity. The first one is the day-ahead market in which the trading takes place around noon on the day before the delivery. In this market, the trades are based on auctions. The second one is the intraday market in which the trading starts at 3pm on the day before the delivery and continues up until 30 minutes before the delivery. Intraday market allows continuous trading of electricity which indeed helps the market participants to adjust their positions more precisely in the market by reducing the forecast errors. References S. Coskun and R. Korn: Pricing Barrier Options in the Heston Model Using the Heath-Platen estimator. Monte Carlo Methods and Applications. 24 (1) 29-42, 2018. S. Coskun: Application of the Heath–Platen Estimator in Pricing Barrier and Bond Options. PhD thesis, Department of Mathematics, University of Kaiserslautern, Germany, 2017. S. Desmettre and R. Korn: 10 Computationally challenging problems in Finance. FPGA Based Accelerators for Financial Applications, Springer, Heidelberg, 1–32, 2015. F. Black and M. Scholes: The pricing of options and corporate liabilities. The Journal of Political Economy, 81(3):637-654, 1973. S.L. Heston: A closed-form solution for options with stochastic volatility with applications to bond and currency options. The Review of Financial Studies, 6(2):327–343, 1993. R. Korn, E. Korn and G. Kroisandt: Monte Carlo Methods and Models in Finance and Insurance. Chapman & Hall/CRC Financ. Math. Ser., CRC Press, Boca Raton, 2010. P. Glasserman, Monte Carlo Methods in Financial Engineering. Stochastic Modelling and Applied Probability, Appl. Math. (New York) 53, Springer, New York, 2004. M.T. Barlow: A diffusion model for electricity prices. Mathematical Finance, 12(4):287-298, 2002. O.E. Barndorff-Nielsen and N. Shephard: Non-Gaussian Ornstein-Uhlenbeck-based models and some of their uses in financial economics. Journal of the Royal Statistical Society B, 63(2):167-241, 2001. H. Geman and A. Roncoroni: Understanding the fine structure of electricity prices. The Journal of Business, 79(3):1225-1261, 2006. T. Meyer-Brandis and P. Tankov: Multi-factor jump-diffusion models of electricity prices. International Journal of Theoretical and Applied Finance, 11(5):503-528, 2008. R. Weron: Energy price risk management. Physica A, 285(1-2):127–134, 2000. Podcasts G. Thäter, M. Hofmanová: Turbulence, conversation in the Modellansatz Podcast, episode 155, Department of Mathematics, Karlsruhe Institute of Technology (KIT), 2018. http://modellansatz.de/turbulence G. Thäter, M. J. Amtenbrink: Wasserstofftankstellen, Gespräch im Modellansatz Podcast, Folge 163, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2018. http://modellansatz.de/wasserstofftankstellen S. Ajuvo, S. Ritterbusch: Finanzen damalsTM, Gespräch im Modellansatz Podcast, Folge 97, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2016. http://modellansatz.de/finanzen-damalstm K. Cindric, G. Thäter: Kaufverhalten, Gespräch im Modellansatz Podcast, Folge 45, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2015. http://modellansatz.de/kaufverhalten V. Riess, G. Thäter: Gasspeicher, Gespräch im Modellansatz Podcast, Folge 23, Fakultät für Mathematik, Karlsruher Institut für Technologie (KIT), 2015. http://modellansatz.de/gasspeicher F. Schueth, T. Pritlove: Energieforschung, Episode 12 im Forschergeist Podcast, Stifterverband/Metaebene, 2015. https://forschergeist.de/podcast/fg012-energieforschung/

Being a Financial Advisor is not all that different to being a cop, according to Shane Black of Pearl Financial that is. As an ex police officer, Shane uses behavioural psychology to help clients get in tune with what’s actually important to them, rather than what they think should be important to them. He’s a ‘Masters of Applied Finance’ graduate who switched from law enforcement to Financial Advice in 2012 and has been helping his client’s kick their biggest financial and lifestyle goals ever since. When he’s not working with clients or spending time with his young son William, you can find him cracking plenty of (dad) jokes in the XY Facebook Group (www.facebook.com/groups/XYAdviser). Here’s the nuggets of FP gold from this episode: 5:32 – Why Shane re-branded to his business four years ago 8:23 – What Shane’s work hours looked like before his son was born to now and how he’s adjusted his workflows 10:21 – Virtual outsourcing and the first task Shane gave to a virtual assistant 17:15 – Where Shane find clients and his referral strategy 23:02 – What is Shane working on in his business now? Hint: the key theme is content 29:45 – What Shane does really well as an advisor, and what he wants to be really good at next 39:15 – Shane’s mission, and why he enjoys working with professionals and business people Show Notes: Shane Black on LinkedIn - www.linkedin.com/in/financial-planner-sydney/ Pearl Financial - www.pearlfinancial.com.au XY Adviser Online Training Platform - https://www.xyadviser.com General Disclaimer - https://www.xyadviser.com/disclaimer/ This podcast is proudly supported by Netwealth (www.netwealth.com.au), an ASX listed company ranked #1 for overall platform functionality and user satisfaction by Investment Trends for the past three years. Netwealth understands that the Financial Advice landscape is changing and is providing market leading technology to help you explore new perspectives and realise new efficiencies. Through excellent customer service and expertise, Netwealth are working with XY Advisers to innovate and drive Financial Advice forward.

Tony Johnson was appointed EY’s Oceania Managing Partner and CEO in January 2015. He is responsible for setting the strategy for the firm across the Oceania region and is focused on building a culture that supports EY’s values and delivers exceptional service to their clients. Tony is a fellow of the Institute of Chartered Accountants Australia and the Financial Services Institute of Australasia (Finsia). He is a member of the Institute of Company Directors and holds a Bachelor of Economics, Graduate Diploma of Applied Finance and a MBA (Executive). Take some time to listen to Tony's interview about authentic leadership and what this means to him both professionally and personally.

Speaking on "Count Me In – Hope and Financial Inclusion in Australia". Adam has considerable experience in community development, social inclusion and financial services, working in Australia, Cambodia, England and New Zealand. He joined Good Shepherd Microfinance in 2012 from Reconciliation Australia, where his roles included Acting CEO, Director of Business Development and Director of Reconciliation Action Plans. Adam was Head of Community Development Finance with ANZ from 2005 to 2008, prior to which he worked with development agency Concern Worldwide in Cambodia, where he helped establish Cambodia's largest financially sustainable microfinance institution. Adam brings strong corporate, financial management and governance experience after senior roles with ANZ and Merrill Lynch, including CFO and Head of Finance. Adam is a Board Director of PNG Microfinance Limited and a Board Committee Member of the National Congress of Australia's First Peoples. He is a past director of Foresters Community Finance in Australia, past co-chair of the Indigenous Financial Services Network and past director of AMK Microfinance in Cambodia. Adam has a Masters in International Development, a Masters in Applied Finance and is an Australian CPA. In 2014, he completed Harvard Kennedy School of Government's Rethinking Financial Inclusion program and in 2013 completed Harvard Business School's Strategic Leadership for Inclusive Finance Program. In 2015 Adam was voted into Pro Bono News' Impact 25 which recognises the most influential people in the Australian social sector. As Chief Executive Officer Adam is responsible for identifying and developing Good Shepherd Microfinance's strategic direction in collaboration with the Board. Good Shepherd Microfinance is a world leader in financial inclusion products, services and advisory. The organisation offers fair and affordable financial programs to people on low incomes, and advisory services with a global reach. The Good Shepherd Microfinance team work collaboratively with the corporate, government and community sectors to create people-centred programs that enable clients to realise their own economic wellbeing, as they define it themselves. This approach leaves clients feeling valued and in control of their finances and lives.

“Sandboxes.” “Greenhouses.” “Pilot tests.” “Labs.” These are not words we normally associate with financial regulation. Yet suddenly, all over the world, regulatory agencies are giving these novel names to a new,  unconventional kind of initiative. The break from tradition is being driven by a realization:  they are going to need to find new ways to do their jobs well, in the face of fast-moving technology change and fintech innovation. My guest today oversees one of these fascinating programs -- Abu Dhabi’s Reglab. He is Wai-Lum Kwok, Executive Director for Capital Markets at the country’s Financial Services Regulatory Authority. The world’s most famous regulatory sandbox is run by the UK’s Financial Conduct Authority (which was inspired, in turn, by the CFPB’s Project Catalyst in the United States). We will have a podcast this fall with the FCA, which has just put out a new progress report. Speaking as a former regulator myself -- I was once Deputy Comptroller of the Currency -- I view the FCA’s effort as a remarkable case of regulatory leadership. (Here’s an article I wrote about it for Fintech Law Report.) When the FCA’s initiative was launched it quickly caught the attention of other regulators around the world. As of today, approximately twenty countries have some form of innovation hub or sandbox underway or on the drawing board, including notably Australia, Singapore, and Hong Kong. The Aspen Institute will soon issue a report with a global overview, which we’ll link to in this episode’s show notes when it’s published. These sandboxes have a wide variety of designs and specific objectives. As Wai-Lum explains in this episode, the Abu Dhabi initiative accepts a wide range of companies and gives them two years to demonstrate that their innovations will be beneficial and safe. The Abu Dhabi approach, like the UK’s and others, links to a wider national strategy to attract capital and companies wanting to do business in a regulatory climate that welcomes responsible innovation. Some of these countries are cultivating regional and even global leadership positions in fintech. Note that we recorded today’s episode late last year. In May of 2017, the Abu Dhabi Reglab announced its first cohort of companies. We had this conversation in the bustling exhibit hall at the Fintech Festival sponsored last fall by the Monetary Authority of Singapore (think about that for a moment -- a central bank ran a 14,000-person fintech meetup, and this year’s will be even bigger).  Our discussion was short, but the topic is one of the most important ones we’ve ever discussed on Barefoot Innovation. I’ve been thinking hard about how regulators are going to keep up with technology innovation in finance, and the answers are not going to be easy. Our regulatory frameworks are designed to be deliberate -- and therefore slow-moving. And to be conservative, and to focus on preventing risk, not fostering change. Some countries have mandates to foster competition, but most, including the United States, don’t. I’ve been researching this challenge in the book and paper I’ve been writing for the past two years as a Senior Fellow at the Harvard Kennedy School Center for Business and Government. Over that period I’ve talked with regulators, innovators, and incumbent companies throughout the United States and all over the world. I’ve come to an opinion that might be controversial, but here it is. I think regulators will not be able to do a good job of overseeing emerging technology change, unless they create mechanisms for doing empirical testing. I think sandboxes, in some form, are not just helpful, I think they’re necessary. Of course, it’s far too early to tell how well they will work and which models are best. The regulators running them emphasize that they are figuring this out as they go along. No one thinks sandboxes are panaceas. Nevertheless, the very process of undertaking these experiments is moving a community of regulators forward in deeply understanding fintech innovation -- both its promise and, importantly, its perils. Despite the sandbox movement sweeping the world, the term sandbox, itself, has fallen out of favor among many in the United States. For one thing, sandboxes sound, well, unserious. For another, there has been talk of using sandboxes to waive or suspend consumer protection rules while companies experiment on real, live human customers. In practice, such suspensions aren’t happening anywhere to my knowledge, but the issue is obviously politically sensitive. (Also, Innovate Finance in London is working on a “virtual sandbox” that could work by modeling innovations using pooled data, so that real consumers would not be affected). So, fine. Let’s not suspend consumer protections (even though a lot of these laws don’t actually protect people very well). And let’s call these initiatives greenhouses, or pilots, or, as Abu Dhabi does, laboratories. In our conversation, I told Wai-Lum that I too came up with the name “RegLab” for a project I’m working on, exploring the idea of creating a non-profit that could function as an interagency regulatory sandbox in the United States. The U.S. is unique in the world in our dizzingly complex, fractured regulatory structure (five federal financial supervisory agencies, plus dozens of other federal agencies, plus 50 states). We’re going to have to figure out two things -- how to coordinate a coherent fintech regulatory strategy and how to keep up with exponentially growing technology change. If we don’t, we’ll lose our global competitive edge. There is much more to say on all this -- again, I think it’s one of the most important issues facing the regulatory community -- and we’ll have more shows on it coming up. For now, please listen to my fascinating conversation with Wai-Lum Kwok about the Abu Dhabi RegLab. More about Wai-Lum Kwok Wai Lum joined the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in June 2015.  He heads up the Capital Markets division responsible for admission and supervision of financial market infrastructures and capital market intermediaries.  The division also regulates the offering of securities, collective investments schemes. Wai Lum also spearheads FSRA’s strategy and efforts to support the supervision of innovation in Financial Technology (FinTech) and development of the FinTech ecosystem in ADGM. Wai Lum has more than 10 years of supervisory experience.  Prior to ADGM, Wai Lum served as the Director of the Capital Markets Intermediaries Division of the Monetary Authority of Singapore.  Wai Lum graduated from Imperial College, London with an M.Eng in Electrical Engineering and holds an M.Sc in Applied Finance from the National University of Singapore.  He is a CFA charterholder. More links  The Abu Dhabi Reglab -- www.ADGM.com, or email fintech@ADGM.com  ADGM’s Reglab consultation paper  My podcast on sandboxes with BMO’s Nitish Pandey June 2017 Treasury Department  summary of proposed financial reforms including enhanced interagency coordination Bill proposed by Congressman Patrick McHenry (in last Congress) to require financial regulators to coordinate on fostering innovation More for our listeners Please remember to review Barefoot Innovation on ITunes, and sign up to get email notifications for new podcasts, the newsletter, and blog posts at jsbarefoot.com.   Also go to jsbarefoot.com to send in your “buck a show” to keep Barefoot Innovation going, and join my facebook fan page. I hope you’ll also follow me on twitter. Support our Podcast Meanwhile, watch for a summer of amazing shows, including CFTC Acting Chairman Christopher Giancarlo; John Ryan of the Conference of State Bank Supervisors; and breakfast in London with the one-and-only Brett King. And watch for our special show that I recorded at the ABA’s Regulatory Compliance Conference in Orlando, including a talk with Andy Sandler and one with Gene Ludwig and Allistair Renee of Watson Financial. Here’s my perhaps counter-intuitive takeaway from the ABA conference:  #ComplianceIsCool! Subscribe Sign up with your email address to receive news and updates. Email Address Sign Up We respect your privacy. Thank you!

This is the panel 3 of the inaugural conference "Institute Paper Series in Applied Finance" presented by the Zicklin School of Business of Baruch College and the Capco Institute. Terrence Martell, Saxe Distinguished Professor of Finance, Zicklin School of Business, and Director, Zicklin-Capco Institute Paper Series in Applied Finance, makes the opening remarks. Mark J. Flannery, Bank of America Eminent Scholar in Finance, Warrington College of Business Administration, University of Florida, makes the presentation on the future of financial services. The panel is moderated by Nick Jackson, Member, Board of Editors, Journal of Financial Transformation Partner, Capco. Panelists include: Joe Anastasio, Partner, Capco; Michael C. Bodson, Chief Operating Officer, Depository Trust and Clearing Corp.; Scott A. Hill, SVP and Chief Financial Officer, InterContinental Exchange, Inc.; Nicholas C. Silitch, Chief Credit Officer, Prudential; Randy Snook, Executive Vice President, SIFMA. The event takes place on February 9, 2012 at the Baruch College Vertical Campus, Room 14-220.

This is the panel 3 of the inaugural conference "Institute Paper Series in Applied Finance" presented by the Zicklin School of Business of Baruch College and the Capco Institute. Terrence Martell, Saxe Distinguished Professor of Finance, Zicklin School of Business, and Director, Zicklin-Capco Institute Paper Series in Applied Finance, makes the opening remarks. Mark J. Flannery, Bank of America Eminent Scholar in Finance, Warrington College of Business Administration, University of Florida, makes the presentation on the future of financial services. The panel is moderated by Nick Jackson, Member, Board of Editors, Journal of Financial Transformation Partner, Capco. Panelists include: Joe Anastasio, Partner, Capco; Michael C. Bodson, Chief Operating Officer, Depository Trust and Clearing Corp.; Scott A. Hill, SVP and Chief Financial Officer, InterContinental Exchange, Inc.; Nicholas C. Silitch, Chief Credit Officer, Prudential; Randy Snook, Executive Vice President, SIFMA. The event takes place on February 9, 2012 at the Baruch College Vertical Campus, Room 14-220.