Podcasts about Barron

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Latest podcast episodes about Barron

The Nice Guys on Business
Jack McCullough: The Rodman Paradox and the Power of Irreplaceable Specialists

The Nice Guys on Business

Play Episode Listen Later Jul 20, 2026 36:07


Jack McCullough is a business leader, best-selling author, and sought-after voice on leadership, talent, and high-performance organizations. He has held senior roles including CEO, CFO, business development executive, entrepreneur, and board member, giving him a rare perspective on what drives results inside real leadership teams. He is the founder and president of the CFO Leadership Council, a global professional network of more than 3,000 members. As host of the Secrets of Rockstar CFOs podcast, he has interviewed more than 100 top leaders, exploring the mindsets and behaviors behind elite executive performance. A senior contributor to Forbes, Jack is a widely followed voice on executive leadership and organizational performance. His insights have been featured in The Wall Street Journal, Fortune, Financial Times, and Barron's, and he has been featured on national television, including Fox News.Connect with Jack McCullough:Website: http://rodmanparadox.com/ LinkedIn: https://www.linkedin.com/in/jackmcculloughcfo/Forbes: https://www.forbes.com/sites/jackmccullough/ Podcast: https://cfoleadership.com/podcast/ Need expert tax planning? Visit GTG Tax to learn how to make your taxes work for your goals: https://gtgtax.com/Check out Jack's book, “The Rodman Paradox”, by clicking on this link: https://www.amazon.com/Rodman-Paradox-When-Valuable-Employee/dp/B0GGFC3164 TurnKey Podcast Productions Important Links:Guest to Gold Video Series: www.TurnkeyPodcast.com/gold The Ultimate Podcast Launch Formula- www.TurnkeyPodcast.com/UPLFplusFREE workshop on how to "Be A Great Guest."Free E-Book 5 Ways to Make Money Podcasting at www.Turnkeypodcast.com/gift Ready to earn 6-figures with your podcast? See if you've got what it takes at TurnkeyPodcast.com/quizSales Training for Podcasters: https://podcasts.apple.com/us/podcast/sales-training-for-podcasters/id1540644376Nice Guys on Business: http://www.niceguysonbusiness.com/subscribe/The Turnkey Podcast: https://podcasts.apple.com/us/podcast/turnkey-podcast/id1485077152 Discover how you can look 'poor' to the IRS and rich to a lender. Check out my sponsor, GTG Tax Planning, at gtgtax.com to book a short discovery call.

Barron's Live
The Bullish Trend Is Your Friend: Talking Stocks With Sam Stovall

Barron's Live

Play Episode Listen Later Jul 20, 2026 45:09


A decent first half of the year for the stock market implies more gains in the second half, says Sam Stovall, chief investment strategist at CFRA Research. Stovall discusses his economic and investment outlook, and the prospects for the S&P's 11 industry sectors, with Barron's Senior Managing Editor Lauren R. Rublin and Associate Editor Al Root.  Learn more about your ad choices. Visit megaphone.fm/adchoices

GREY Journal Daily News Podcast
What Does TSMC's $100 Billion Pledge Mean for U.S. Manufacturing?

GREY Journal Daily News Podcast

Play Episode Listen Later Jul 16, 2026 1:16


Barron's reported that TSMC signaled an extra $100 billion in U.S. investment while posting quarterly results that beat expectations, and its stock fell the same day. The new spending points to additional fabs, tooling, and workforce development for advanced nodes, building on TSMC's Arizona complex. In 2024, TSMC reached a preliminary agreement for up to $6.6 billion in CHIPS Act grants and up to $5 billion in loans, along with access to a 25 percent investment tax credit. Investors reacted to the heavy capital plan due to potential pressure on cash flow, depreciation, and utilization rates. Customers like Apple, Nvidia, and AMD could benefit from more U.S. capacity that diversifies supply chains. Equipment vendors and specialty contractors would see demand tied to lithography, etch, deposition, metrology, and factory infrastructure as projects advance.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

First Community Church
Come Home, Craig Courtney (b. 1948) - Heath Barron, tenor and Summer Choir

First Community Church

Play Episode Listen Later Jul 15, 2026 4:43


Come Home, Craig Courtney (b. 1948) - Heath Barron, tenor and Summer Choir by First Community Church

choir barron come home tenor courtney b first community church
Nature: Breaking
What Animal Names Reveal About Humanity

Nature: Breaking

Play Episode Listen Later Jul 14, 2026 41:58


Why do we call an elephant an elephant? Why did the narwhal become known as the "unicorn of the sea"? How did the praying mantis help to inspire kung fu in ancient China? And what can the names we give to animals tell us about ourselves as people? In this episode of Nature Breaking, host Seth Larson sits down with bestselling author, conservationist, and WWF board member T.A. Barron to discuss his new book, Naming Nature. Drawing on languages, folklore, mythology, and cultural traditions from around the world, the book explores the fascinating stories behind the names of plants, animals, and landscapes—and what those names reveal about humanity's relationship with the natural world. Tune in to hear how an oak tree near Oxford, England helped inspire T.A.'s passion for writing, how he developed the concept for Naming Nature, and how a run-in with a former NFL quarterback prompted him to reflect on what really matters in life. Links for More Info: T.A. Barron bio Naming Nature Chapters: 0:00 Preview 0:22 Intro 1:29 T.A. Barron on the power of storytelling 4:05 How an Oak Tree near Oxford inspired his writing career 8:27 How T.A.'s mother influenced his career 9:53 What inspired T.A. to write Naming Nature 15:03 How elephants got their name 22:06 How narwhals got their name 26:37 How hummingbirds got their name 29:11 How naming an animal can lead to its conservation 33:04 Meeting NFL quarterback Andrew Luck 36:40 Life advice from T.A. 41:22 Outro

Noon Business Hour on WBBM Newsradio
WBBM Noon Business Hour - Prediction Markets

Noon Business Hour on WBBM Newsradio

Play Episode Listen Later Jul 14, 2026 4:49


Prediction markets are gaining popularity, but experts warn they can mislead investors by amplifying speculation, bias, and unnecessary financial risk. Mark Hulbert, Investment Columnist for The Wall Street Journal, Barron's & MarketWatch in Washington, DC joins Rob Hart on the WBBM Noon Business Hour to discuss.

Barron's Live
Quality Stocks on Sale: An Update from the Barron's Roundtable's Christopher Rossbach

Barron's Live

Play Episode Listen Later Jul 13, 2026 44:55


As investors have piled into the AI trade, shares of many high-performing companies have been left on the sidelines, their shares in the bargain bin. That's where most members of the Barron's Roundtable tend to shop, including Christopher Rossbach, a managing partner and chief investment officer of J. Stern, a London-based independent asset manager, and our newest Roundtable member. Barron's Senior Managing Editor Lauren R. Rublin and Senior Writer Teresa Rivas speak with Chris about the economic and market outlook, consumer spending, infrastructure investing, and his favorite stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Alles auf Aktien
25-Bagger von Barron's und die echten Jahrhundert-Aktien

Alles auf Aktien

Play Episode Listen Later Jul 13, 2026 24:27 Transcription Available


In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über eine neue Tonlage bei VW, die Folgen der Gesundheitsreform und was sonst noch wichtig wird in dieser Woche. Außerdem geht es um EasyJet, Apollo Global, IAG, Air France-KLM, Brink's, NCR Atleos, T. Rowe Price, Aurora Innovation, FedEx, Volvo, Ascendis Pharma, MoonLake Immunotherapeutics, Dyne Therapeutics, Vaxcyte, Cytokinetics, CG Oncology, Denali Therapeutics, AbbVie, Apogee Therapeutics, Bending Spoons, Mattel, Scotts Miracle-Gro, Goldman Sachs, Bank of America, JPMorgan, Citigroup, Wells Fargo, Morgan Stanley, BlackRock, ASML, TSMC, Netflix, ABB, Abbott, GE Aerospace, Intuitive Surgical, UnitedHealth, Alcoa, United Airlines, BHP, Fraport, Fastenal, Altria, Nvidia, Coca-Cola, Apple, Microsoft, Alphabet, Amazon, Broadcom, Vulcan Materials, Kansas City Southern, IBM, General Dynamics, Hershey, Tootsie Roll, Axon, Tesla, SPDR MSCI ACWI IMI (WKN: A1JJTD), iShares Edge MSCI World Momentum Factor ETF (WKN: A12ATF). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Anzeige: Diese Folge enthält Werbung für Smartbroker+. Depot eröffnen, 30 € ETF als Bonus sichern und aus tausenden ETFs wählen. Smartbroker+ macht Investieren einfach. Alle Informationen gibt es unter: https://get.smartbrokerplus.de/triple-aaa-podcast2/ Anzeige: Eight Sleep: Der Pod 5 reguliert die Temperatur im Bett automatisch, trackt Schlaf- und Gesundheitswerte ohne Wearable und kann so zu besserem Schlaf beitragen. Mit dem Code ALLESAUFAKTIEN erhaltet ihr auf https://www.eightsleep.com/allesaufaktien bis zu 350 Euro Rabatt. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

At Barron's
Ethan Allen's CEO Based His Business Model on a Cricket Team

At Barron's

Play Episode Listen Later Jul 9, 2026 23:14


Farooq Kathwari, CEO of Ethan Allen Interiors, caught up with Barron's editor at large Andy Serwer. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

rose bros podcast
Adam Rozencwajg (Goehring & Rozencwajg) - $70 Oil: Setting Up the Next Bull Market

rose bros podcast

Play Episode Listen Later Jul 9, 2026 55:38


This episode we are joined by Mr. Adam Rozencwajg - co-founder & managing partner of Goehring & Rozencwajg - a natural resource investment firm with ~$2.5 billion under management. Adam Rozencwajg is a Co-Founder and Managing Partner at Goehring & Rozencwajg (G&R), a premier global natural resource investment firm based in New York. With 17 years of investment management experience in the natural resource sector, Mr. Rozencwajg is recognized as a leading authority on commodities, renowned for his contrarian, deep-value investment philosophy and original research spanning decades of long-term market cycles. His prescient investment themes and industry renowned and widely followed quarterly commentaries have cemented his status as one of the foremost experts in natural resources worldwide. Mr. Rozencwajg's expertise spans the entire commodity spectrum, including oil, natural gas, uranium, precious metals, base metals, and agriculture. His ability to uncover long-term commodity trends and identify undervalued opportunities poised for reversal has delivered exceptional results for investors. An innovator in applying technology to investment research, Mr. Rozencwajg has also successfully integrated proprietary neural network artificial intelligence models into G&R's research process. These enhanced models offer unparalleled predictive capabilities, providing deep insights into recoverable reserves for oil and natural gas deposits and further enhancing the firm's strategic edge. A sought-after speaker, Mr. Rozencwajg frequently presents at prestigious industry conferences globally and is regularly featured in leading financial publications, including The Wall Street Journal, Barron's, and The Financial Times. His thought leadership continues to shape the natural resource investment landscape, influencing both institutional investors and industry operators. Before co-founding G&R, Mr. Rozencwajg served as Vice President at Chilton Investment Company, where he partnered with Leigh Goehring to manage the Chilton Global Natural Resource Fund from 2007 to 2015. Under their leadership, the fund reached peak assets exceeding $5 billion, driven by their disciplined, research-intensive, and deep-value approach to investing. Earlier in his career, Mr. Rozencwajg gained valuable experience in financial markets as part of the Investment Banking division at Lehman Brothers from 2006 to 2007. Mr. Rozencwajg holds a Bachelor of Arts degree with a dual major in Economics and Philosophy from Columbia University and is a CFA Charterholder. Among other things we learned about $70 Oil: Setting Up the Next Bull MarketEnjoy.Newsletter: Subscribe HereThank you to our sponsors.Without their support this episode would not be possible:Connate Water SolutionsATB Capital MarketsBunch Projects-*This podcast is for informational and educational purposes only, and is not intended as investment advice. Please do your own research, and consult professionals directly before making any investment decisions.Support the show

TEAM Talk on ESPN Radio 101.7 The TEAM
7-8-26 Santa Fe New Mexican's James Barron joins the program

TEAM Talk on ESPN Radio 101.7 The TEAM

Play Episode Listen Later Jul 9, 2026 14:09


7-8-26 Santa Fe New Mexican's James Barron joins the program

barron new mexicans santa fe new mexican
Bleav in Broncos
Can Jahdae Barron Rise Above the Denver Broncos' Loaded CB Room? CB Position Preview

Bleav in Broncos

Play Episode Listen Later Jul 8, 2026 28:53


Bleav in Broncos podcast is a Denver Broncos podcast on the Bleav network brought to you by David Marshall of David Talks Broncos and Mike Carmellini of Mile High Monsters. Bleav in Broncos is your source for daily coverage and content of the Denver Broncos from the perspective of a life-long die-hard Broncos fans! Denver Broncos Podcast Denver Broncos 2026 Preview Denver Broncos News Today Denver Broncos Free Agency Rumors Denver Broncos Updates Broncos Preview Bo Nix Denver Broncos Broncos NFL Draft Offseason Denver Broncos Mock Broncos Breakdown Today Broncos Breakdown Free Agency Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thoughts on the Market
AI's Next Stress Test

Thoughts on the Market

Play Episode Listen Later Jul 7, 2026 12:11


The biggest AI stocks have had a remarkable run – but questions still remain. Our Head of Americas Specialty Sales, Thomas Wigg, speaks with Global Head of Thematic and Sustainability Research Stephen Byrd and Global Head of Public Policy Research Ariana Salvatore about the competition and durability of the investment cycle.Read more insights from Morgan Stanley.----- Transcript ----- Thomas Wigg: Welcome to Thoughts on the Market. I'm Tom Wigg, Morgan Stanley's Head of Americas Specialty Sales. Stephen Byrd: I'm Stephen Byrd, Morgan Stanley's Global Head of Thematic and Sustainability Research. Ariana Salvatore: And I'm Ariana Salvatore, Morgan Stanley's Head of Public Policy Research. Thomas Wigg: Today, the rally in AI CapEx beneficiaries has taken a breather in recent weeks on concerns of competition from open-source models, backlash to token-maxxing, and growing political opposition to data center builds. It's Tuesday, July 7th at 10am in New York. Let's start with you, Stephen. There's a lot of discussion recently around a backlash at token-maxxing. Essentially, enterprises trying to curtail their high spending on AI tokens from the frontier labs, and, in many cases, shifting to cheaper open-source China models. Can you first offer some perspective here on the value of tokens for enterprises? I know you have a popular token factory model that walks through the economics of agents. Stephen Byrd: Yeah, Tom, we do have this model that really walks through token economics, both from the adopter side as well as the hyperscaler side. So, let's do the adopter side. So, there's a study out that shows a whole range of enterprise use cases of AI, and the average single use case that they identify would save a company about $55 or provide that much benefit. And while we don't know exactly how many tokens it will require, we can make some educated guesses as to a typical token usage to achieve that $55 outcome. And we know that a typical American model, though this varies a lot, you can think of as the cost per million tokens being in the range of $5 per million. Some will be lower, some will be higher. So, for a few dollars of token cost, an enterprise can generate benefit of $55. So that doesn't make me overly concerned about token spend and concerns about token-maxxing. I know we're going to get into that, but the foundation here is really good in the sense that enterprise use cases are very much in the money. Thomas Wigg: How do you think market share ultimately shakes out on tokens? Do the cheaper models overtake the frontier AI labs? Do tokens bifurcate based on the complexity of workloads? How do you think this plays out? Stephen Byrd: What we continue to see is this relentless pace of innovation and cost reduction. So, the frontier keeps going out – meaning model capabilities continue to increase, and, with that, we see enterprise adoption growing quite a bit. Long way to say there is a role for both the frontier as well as these open-source models, and we'll continue to see both flourish. What I see is a lot of tokens will be spent on open-source models. A lot of the value will be in the higher end models because that's where enterprises are going to go. Let me give you an example. I was speaking with one of our programmers about a recent project, and he used a very high-end coding tool, an American coding tool. And for him, that incremental cost of the tokens was very much worth it. And here's a very practical example as to why it makes sense for many enterprises to use the higher end models. If a coding tool gets one of the thousands of lines of code wrong, the cost to remediate is very, very high. In other words, that incremental cost – in this example I'm thinking of, it's a few dollars incremental cost – is so worth it because if the quality is not there, the cost to any enterprise to go back and remediate is so high. And that's true in a lot of enterprise use cases, but not in every use case. And what we are seeing is these open-source models that are cheaper will be very good for a variety of more mundane use cases that are still very valuable. That said, what we've seen in data from places like OpenRouter is dollar-weighted, meaning valued by enterprise spend, the vast majority is still the proprietary models. But even within proprietary models, we could have more expensive and less expensive models. You do not need to go to the frontier. Where I come out on all this is that I'm very confident that the demand for compute is going to exceed the supply. What is difficult to exactly know is who are the winners, what is the exact mix. But the fundamentals of the demand for compute look extremely strong. Thomas Wigg: So, I think you just gave me the answer, but I do want to bring this all back to AI CapEx. Now, last year, when the market sold off on Deep Seek concerns, the concept of Jevons paradox ultimately prevailed, where the cheaper pricing led to even greater demand and CapEx went higher.Do you think the same plays out here? Stephen Byrd: It does look that way very much. And the Jevons paradox dynamic is what we still see today in the sense that as the models get better, what we can do with the models increase, the cost of tokens will keep dropping, the cost of compute will keep dropping.But let's talk about what might derail that, just to make sure we're thinking about all the risks. If somehow commoditized models could perform at the same level as proprietary models in all situations, then I would feel differently. But I don't see that. What I see is that these newer models really do have capabilities that are fairly breathtaking and that are worth that extra money. But if somehow, we hit a wall where these models aren't getting better and therefore the sort of the open models are going to catch up, then I'd feel differently about that. This is where Ariana will, will come in in terms of policy and, you know, this comes up a lot when we think about U.S. versus China. How do we think about, you know, access to different models? How do we think about the cost of different models? What about the risk of appropriation of capabilities by the Chinese firms, for example? That comes up a lot in policy circles. But the base case that I have is this just looks more like Jevons paradox, and there's going to be continued innovation, continued reduction in the cost of producing these services from these models. That looks like more of the same. Thomas Wigg: Let's shift to Ariana to talk about the political angle here. The cover of Barron's over the weekend was a guy wearing a no data centers T-shirt. And this does seem to be one of the few bipartisan issues of agreement heading into the midterms.The stat that the article gave was that 75 data center projects worth $130 billion were blocked or delayed in 1Q26, which is equal to the total number for 2025. This is according to Data Center Watch. Now, most of this is in blue states like New York, Michigan, Illinois, Minnesota considering a statewide moratorium, but you're also seeing Pennsylvania, Arizona, Ohio, parts of Texas restricting tax incentives here. So as this gets louder into the midterms, how do you think this plays out? Ariana Salvatore: So, this is definitely one of the big wedge issues, not just for the midterm elections, but for 2028. And to your point, it's expanding into something that's got bipartisan momentum behind it. Our view is that as long as the Trump administration is in power, something like a federal ban is unlikely to come to fruition. That's because we think the administration is still broadly supportive of the AI data center build-out. And I think even if you were to see a Democrat in office further down the road, that position is the same. And the reason is, it's just too difficult to imagine the U.S. giving up that strategic imperative relative to China. So, while it is true that voters are against AI, while it is true that you are seeing these sorts of local efforts pick up steam, it's also the case that China is accelerating its own AI build-out – not just domestically, but around the rest of the world too. It's also the case that they are kind of tweaking some export restrictions on inputs for some of these data centers, and those geopolitical realities, I think, are hard to ignore. So, at the end of the day, there is a broader strategic imperative here that both Democrats and Republicans kind of recognize and get behind. Now, what does that mean in the near term for the build-out? I think it's not that you're going to see a real pushback or moratorium so much as a conditional build-out.That means you're going to see data centers have to incorporate things like grid modernization in their contracts, agree to longer term investments, for example. Do something that benefits the communities or give it back in some way. And I think that's kind of the policy trajectory in addition to the administration continuing to lean on tech companies to basically, you know, square the circle here and find some way to make this more affordable for, you know, local constituents. Thomas Wigg: Stephen, let me get your take on this too, because I know you live in the D.C. area, and you have a lot of political conversations like you referenced earlier. How do you think this plays out? Is it a red state versus blue state dynamic? And if what Ariana says comes to fruition, where it's a conditional build-out in terms of either giving back to the community or ensuring certain prices or certain technologies behind the meter, in front of the meter, does that have implications for certain areas of the market? Stephen Byrd: Yeah. First, I think Ariana's points were all spot on. I just want to, kind of, build on that and, and dive into it a little more detail. A few things. The politics are, from my perspective, not being the expert that Ariana is, I find them a little strange – in the sense that at the federal level, we have one dynamic, and at the state and local level, we have a bit of a different dynamic. And what I mean by that is, at the federal level, I think it's becoming increasingly clear just how geopolitically important AI supremacy is. As these models get more capable, I think it's pretty clear that the Trump administration really sees just how potent these tools are from a geopolitical point of view. So that points in the direction of wanting to support AI and wanting to ensure that the United States has a leading and dominant position in terms of AI capabilities. Pause there, and then go to your point about, sort of, the local and state level. Building on what Ariana said, what I see are basically two approaches to data center development. In states where the utility is vertically integrated, meaning they control everything, like Louisiana, I do see a path where – in those kinds of states where the politics are a bit more favorable – you could develop a data center connected to the grid, where the data center developer is paying full freight and then some. Meaning that they are providing back to the community, they're providing sort of net benefits, and there should be plenty of capital to make that work and really support all constituents. That can work – in a state where the politics work – because utilities are really weather vanes from a political point of view. So, if their state supports data center development, they will more likely support a data center development. The other approach, though, in many states, whether it's deregulated or it's in a state where the politics are a little less favorable. Which, to your point on the cover of Barron's, it's a lot of states, what I'm increasingly seeing is that the developers are going to go off grid. And they just don't want to show any impact to the community that could be considered negative. So, no use of water, no use of power, and hopefully have a, you know, low or zero emissions profile to show no impact at all. Even then, you want to give back to the community. But the view there is, look, we want to sidestep all of these concerns that we might be causing impacts to the grid by just not being connected. So, I think we're going to see a whole lot of off-grid data center projects. That's mostly natural gas turbines and fuel cells, that general approach. Energy storage will be required in a big way. That's not easy to do. So, in the context of delays there, the Bitcoin players who do have grid access today are clearly seeing a lot of demand for their products. So, I would say politics is now a huge issue that's showing up. The other thing I'd flag is often local communities and states are rejecting projects and using permit requests as a way to do that. So, for example, if your data center needs an air permit because your turbines are going to emit some kind of an, you know, sulfur dioxide, et cetera, into the air, you can run into trouble there. If your data center requires water and you need a water permit, you can run into trouble. So, that's causing these developers to try to find approaches that really minimize or eliminate the need for those kinds of permits. Thomas Wigg: Stephen and Ariana, thank you for taking the time. And to our audience, thank you for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.*****Tom Wigg is a member of Morgan Stanley's Institutional Equity Division and is not a member of Morgan Stanley's Research Department. Unless otherwise indicated, his views are his own and may differ from the views of the Morgan Stanley Research Department and from the views of others within Morgan Stanley.

Faith Radio Podcast from The Meeting House
Bell, Barron + Hancock, Daniel - Crux Comix {DOMINION, Radio Free Amerika}

Faith Radio Podcast from The Meeting House

Play Episode Listen Later Jul 7, 2026 22:38


Guests: Barron Bell & Daniel HancockOrganization: Crux ComixGraphic Novels: "DOMINION: Fall of the House of Saul, Volumes 1 & 2" + "Radio Free Amerika: Welcome to the Third World"Website: cruxcomix.com

The David Knight Show
Mon Episode #2300: — Trump's Fortune Exploded While America Paid the Price

The David Knight Show

Play Episode Listen Later Jul 6, 2026 121:39 Transcription Available


────────────────────────────────────────[00:11:48]1976 vs 2026: America Was 81% White and 90% Christian — Presbyterians Outnumbered WiccansSocialism polled in single digits; no one thought to ask. Now at 39%. Little Italy has become Little Mogadishu; Talavero Presbyterians have become pagans.────────────────────────────────────────[00:14:35]The Drug War Has No Constitutional Authority — Never Passed as an Amendment Like ProhibitionSessions was furious about marijuana legalization but couldn't touch it; there is no law, only bureaucratic rules, which is why civil asset forfeiture presumes guilt without trial.────────────────────────────────────────[00:22:26]AI Will Let Three Million Bureaucrats Do What FDR Needed an Army to DoFDR had one million documents on opponents requiring armies to process. AI does it instantly. That's the data center's real purpose.────────────────────────────────────────[00:34:48]Trump Bought Axon Stock Two Weeks Before ICE Awarded It a $220M ContractDisclosure runs 937 pages; Trump netted $1.4B in crypto in one year; Barron holds $2.3B in locked tokens. Knight: nearly tripled his net worth as president.────────────────────────────────────────[00:42:47]Trump's Meme Coin Left Nearly a Million Investors With a Combined $3.8B LossDown 97.6%; Trump crypto projects wiped out $51.4B across five coins; same structure as SBF, just bigger and with the presidency behind it.────────────────────────────────────────[00:50:29]Antwerp Diamond Industry Gifted Trump a Jewel-Encrusted Ring — Then Got Zero Tariffs on $2B in US SalesPresented on a star-spangled stage in Brussels days before the tariff removal; Knight: you can't get a better investment than a crooked politician.────────────────────────────────────────[01:16:53]Income Tax Started at 1% on the Wealthiest 1% — Khanna's Wealth Tax Starts at 2% on $50MAlready doubled before passage; Khanna's own fortune is in the exact irrevocable trusts he claims to want taxed; his 333-page disclosure is non-searchable.────────────────────────────────────────[01:40:45]Scott Ritter Debanked After 26 Years — Bank Refuses Explanation, Zionist Lobby Brags About ItCitizens Bank closed all accounts including his wife and daughters'; UN rapporteur Albanese had all accounts frozen, health insurance canceled, hotel reservations blocked.────────────────────────────────────────[01:53:47]SV40 Cancer Sequence in COVID Vaccines Was Not Accidental — Could Have Been AvoidedThey didn't need that plasmid; if SV40 sequences sit above an oncogene and integrate, they cause cancer; gene therapies were kept off market for decades for exactly this reason.────────────────────────────────────────[01:58:14]Man With Prostate Cancer Took Ivermectin During COVID Lockout — Five Years Later Still Cancer-FreeBy rescheduled surgery date, doctors found no cancer; PSA dropped from 11 to 3-4; his brother replicated the result in 2022; Knight: CIA documents show they knew and covered it up. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

The REAL David Knight Show
Mon Episode #2300: — Trump's Fortune Exploded While America Paid the Price

The REAL David Knight Show

Play Episode Listen Later Jul 6, 2026 121:39 Transcription Available


────────────────────────────────────────[00:11:48]1976 vs 2026: America Was 81% White and 90% Christian — Presbyterians Outnumbered WiccansSocialism polled in single digits; no one thought to ask. Now at 39%. Little Italy has become Little Mogadishu; Talavero Presbyterians have become pagans.────────────────────────────────────────[00:14:35]The Drug War Has No Constitutional Authority — Never Passed as an Amendment Like ProhibitionSessions was furious about marijuana legalization but couldn't touch it; there is no law, only bureaucratic rules, which is why civil asset forfeiture presumes guilt without trial.────────────────────────────────────────[00:22:26]AI Will Let Three Million Bureaucrats Do What FDR Needed an Army to DoFDR had one million documents on opponents requiring armies to process. AI does it instantly. That's the data center's real purpose.────────────────────────────────────────[00:34:48]Trump Bought Axon Stock Two Weeks Before ICE Awarded It a $220M ContractDisclosure runs 937 pages; Trump netted $1.4B in crypto in one year; Barron holds $2.3B in locked tokens. Knight: nearly tripled his net worth as president.────────────────────────────────────────[00:42:47]Trump's Meme Coin Left Nearly a Million Investors With a Combined $3.8B LossDown 97.6%; Trump crypto projects wiped out $51.4B across five coins; same structure as SBF, just bigger and with the presidency behind it.────────────────────────────────────────[00:50:29]Antwerp Diamond Industry Gifted Trump a Jewel-Encrusted Ring — Then Got Zero Tariffs on $2B in US SalesPresented on a star-spangled stage in Brussels days before the tariff removal; Knight: you can't get a better investment than a crooked politician.────────────────────────────────────────[01:16:53]Income Tax Started at 1% on the Wealthiest 1% — Khanna's Wealth Tax Starts at 2% on $50MAlready doubled before passage; Khanna's own fortune is in the exact irrevocable trusts he claims to want taxed; his 333-page disclosure is non-searchable.────────────────────────────────────────[01:40:45]Scott Ritter Debanked After 26 Years — Bank Refuses Explanation, Zionist Lobby Brags About ItCitizens Bank closed all accounts including his wife and daughters'; UN rapporteur Albanese had all accounts frozen, health insurance canceled, hotel reservations blocked.────────────────────────────────────────[01:53:47]SV40 Cancer Sequence in COVID Vaccines Was Not Accidental — Could Have Been AvoidedThey didn't need that plasmid; if SV40 sequences sit above an oncogene and integrate, they cause cancer; gene therapies were kept off market for decades for exactly this reason.────────────────────────────────────────[01:58:14]Man With Prostate Cancer Took Ivermectin During COVID Lockout — Five Years Later Still Cancer-FreeBy rescheduled surgery date, doctors found no cancer; PSA dropped from 11 to 3-4; his brother replicated the result in 2022; Knight: CIA documents show they knew and covered it up. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

P3 ID
Melania Trump – mysteriet i Washington DC

P3 ID

Play Episode Listen Later Jul 6, 2026 60:22


Hon sticker ut bland sina föregångare men beskrivs ha en viss makt över sin make, USA:s president Donald Trump. Lyssna på alla avsnitt i Sveriges Radios app. I januari 2025 installeras Melania Trump för andra gången i Vita huset tillsammans med sin man Donald Trump och deras son Barron. Melania föddes 1970 i dåvarande Jugoslavien, numer Slovenien. Hon siktade tidigt på att bli modell och arbetade bland annat i Paris, Milano och New York, men utan större framgångar. I slutet av 90-talet börjar hon dejta affärsmannen Donald Trump. De blir ett par och gifter sig. Ett äktenskap det har stormat kring flera gånger, samtidigt som Melania Trump har beskrivits som en av de mest frånvarande första damer USA har haft. I avsnittet hörs modevetaren och Stil-programledaren Susanne Ljung, Sveriges Radios tidigare USA-korrespondent Cecilia Khavar och Washington Post-journalisten och författaren Mary Jordan som skrivit boken The Art of her deal: The untold story of Melania Trump. Även böckerna Melania av Melania Trump och Melania and me av Stephanie Winston Wolkoff har varit till hjälp i researcharbetet.Avsnittet gjordes av Sally Henriksson tillsammans med Pilar LeguisamoProgramledare och producent: Vendela LundbergTekniker: Fredrik NilssonProgrammet publicerades i juni 2026 och gjordes av produktionsbolaget DIST för Sveriges Radio.Ljudklippen kommer från Sveriges Radio, CNN, Fox news, BBC, NBC, Melania (dokumentär 2026), ABC och Sky News.

Money Tales
The Tradeoffs That Shape Your Financial Life, with Anne Lester

Money Tales

Play Episode Listen Later Jul 2, 2026 32:47 Transcription Available


How do you build better money habits, overcome money shame and make smarter financial decisions? In this episode of Money Tales, money mentor Anne Lester explains why financial success isn’t about having more willpower. It’s about understanding the psychology behind your financial decisions. Whether you’re navigating your first paycheck, paying off debt, trying to save more or planning for retirement, Anne shares practical insights to help Millennials, Gen Z and anyone looking to build lasting financial confidence. Fresh out of college, Anne thought she was doing everything right. She had landed her first job, was earning a paycheck and was building an independent life. Yet she was also carrying credit card debt, struggling to save while making financial choices that felt right in the moment. Those experiences eventually shaped a career spent helping people prepare for retirement and build healthier relationships with money. In this conversation, Anne talks about the lessons she learned from her own mistakes and why building a better financial life starts with understanding yourself. About Anne Lester: Money Mentor and Financial Wellness Advocate Anne Lester is the Money Mentor for Gen Z and Millennials. She is helping a generation of young adults, and those who serve and employ them, turn money shame into money power – so they can live their best life and do their best work now. Her research for the award-winning book, Your Best Financial Life: Save Smart Now for the Future You Want, revealed that only 17% of GenZ and Millennials are confident in their money plan and on track to retire. The difference? They had a money mentor growing up. Anne earned the 2020 Lillywhite Award for lifetime contributions to Americans' economic security. During three decades at J.P. Morgan Chase, she launched and ran the SmartRetirement Target Date funds and Income Builder fund, and was named Morningstar's Asset Allocator of the Year in 2014. She's a trusted keynote speaker, emcee, and media guest for audiences ranging from employees and professionals to Bloomberg TV, Barron's, CNBC, Forbes, The Wall Street Journal, and The New York Times. Looking for more practical guidance? Aspiriant’s advisors regularly write about the habits and decisions that build long-term financial confidence. If you’re just getting started, explore 4 Financial Tips for Young Adults for foundational advice on saving, credit and investing. You can also read The Road to Financial Wellness, which offers practical strategies for developing healthy financial habits and creating a sustainable approach to managing your money. Together, these resources reinforce one of Anne’s central messages: lasting financial success begins with small, intentional choices—not perfection. Follow Money Tales on Spotify, Apple Podcasts or YouTube Music for more real stories that inspire thoughtful, intentional decisions about money.

DH Unplugged
DHUnplugged #808: Bulls in a Bubble Shop

DH Unplugged

Play Episode Listen Later Jul 1, 2026 61:55


Happy 250th! The bulls are bubbling up! Yentervention – it is a thing. Labor market predictions. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - 250 Years! - We have the scorecard - Bulls are on the loose! - Kevin Hassett - what a putz - RAM JOB! Markets - Google's first day in the DJIA - a good one - SpaceX bonds already losing -Yen slips to 1986 levels - Yentervention? WHAT A PUTZ! - Trump Accounts launch July 4, with the NYSE and Nasdaq set to ring the opening bell from the Oval Office. - Program gives a $1,000 Treasury-funded investment account to U.S. children born from January 1, 2025 through December 31, 2028. - Kids under 18 can have accounts, but only newborns in that four-year window get the federal seed money. - Parents, family, employers, nonprofits, and governments can add money, with a general $5,000 annual contribution cap. - Money is invested in index funds and generally locked up until the child reaches adulthood. - Kevin Hassett pitched it as a way to teach kids about markets, ownership, saving, and compounding. His argument is that the more young people get exposed to investing early, and market ownership becomes less of an upper-income club. - However - > the government is handing out taxpayer-funded brokerage seed money while selling it as capitalism. - Also odd: the benefit may skew toward families who already know how to file forms, open accounts, and add more money. - So basically it is a forced financial-literacy experiment wrapped in a political brand name, with a socialist starter check to teach capitalism. First-Half Winners and Losers - S&P 500 finished the first half up roughly 7% to 8%, with the rally led by AI hardware, chips, memory, and data-center infrastructure. - Biggest winners were the shovel sellers: Sandisk up about 780%, Micron up about 296%, Western Digital up about 240%, Seagate up about 226%. - Overseas AI hardware ripped too: South Korea's Kospi up 123%, helped by Samsung up 169% and SK Hynix up 303%. - Semiconductor ETFs had a monster Q2: iShares Semiconductor ETF up 86.8%, VanEck Semiconductor ETF up 64.8%. - Japan's Nikkei rose about 38%; FTSE 100 gained about 5.8%. - Losers were the software/platform names that could not prove immediate AI payoff. - Microsoft was down about 24% despite being one of the biggest AI spenders. - Momentum stocks had one of their worst stretches in two decades as the Magnificent Seven slipped on capex worries. - Crypto and gold also lagged the AI-infrastructure trade. - Equity BULLS are running like it was San Fermin, Spain... MORE.... - Gold biggest quarterly loss since 2013 - Japan best quarter ever - Oil starts and ends - Kospi best quarter in 30 years - Stoxx 600 best Q in 5 years Something is going to break! - When Micro announced earnings, and we see that companies are panicking (News about existential threat to smaller tech players).. We said something is going to break - MU shares lifted to ATH on the news - big big beat - Micron's latest quarter showed a dramatic acceleration from the year-ago period, with revenue rising from $9,301 to $41,460 and EPS increasing from $1.91 to $25.11. - HUGE uptick in guidance - Apple increased pricing, Dell is increasing prices next week (17%), Microsoft raised price on XBox, HP across the board increase, Lenovo/Xiaomi increases, - NOW: Apple is lobbying the Trump administration for clearance to buy memory chips from China's ChangXin Memory Technologies Korea Goes All-In On AI Memory - Samsung and SK Hynix are backing a huge South Korea chip buildout tied to AI memory, HBM, advanced DRAM, packaging and data centers. - Samsung's plan includes hundreds of trillions of won for new fabs, including HBM facilities in Cheonan and Onyang. - SK Hynix is expanding Yongin and planning a major new chip base as it rides demand from Nvidia-linked HBM supply. - Government angle: Seoul wants domestic chip capacity treated like national infrastructure, not just corporate capex. - The state is trying to lock in supply-chain control before China, Taiwan, Japan and the U.S. pull more production into their own subsidy zones. - Market wrinkle: AI memory is hot now, but memory companies have a long history of overbuilding into strong pricing cycles. - Governments are no longer just subsidizing chips — they are helping plan semiconductor cities. RAM Job? - Samsung, SK hynix, and Micron were hit with a U.S. antitrust class-action lawsuit over alleged DRAM price fixing. - Allegation: the big three coordinated supply cuts while shifting capacity away from regular DDR3/DDR4 memory and into high-bandwidth memory for AI servers. - Plaintiffs say the three companies control roughly 90% of the DRAM market. - Conventional DRAM prices allegedly jumped about 700% over four years. - Complaint argues that in a normal commodity market, at least one supplier would usually increase production when prices spike. - Instead, the lawsuit says all three moved in the same direction at the same time. DRAM: We Have Seen This Movie Before - Yes, there was a similar DRAM price-fixing scandal in the 2000s. - DOJ investigation covered alleged DRAM price fixing from roughly 1998 through 2002. - Hynix pleaded guilty in 2005 and agreed to pay a $185 million criminal fine. - Samsung pleaded guilty in 2005 and agreed to pay a $300 million criminal fine. - Infineon pleaded guilty earlier, in 2004, and agreed to pay a $160 million fine. - Micron was involved in the investigation but received amnesty/cooperation treatment rather than the same criminal fine path. - Several executives were also charged or pleaded guilty. - State AGs and private plaintiffs later pursued civil cases tied to overpayment claims. - Difference now: the new case is not yet proven and appears focused on alleged coordinated supply restriction during the AI/HBM boom. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. Dow 52,000 and the Tech Bounce - Dow closed above 52,000 for the first time Monday, finishing at 52,182.74. - S&P 500 gained 1.18%; Nasdaq jumped 2.07%. - S&P and Nasdaq snapped five-session losing streaks. - Alphabet rose 4.8% on its first day as a Dow component. - Tesla gained 8.5%; SpaceX rose more than 7%. - The bounce came after last week's tech selloff, with investors rotating back into mega-cap and AI names. Comcast Breaks Itself Up - Comcast plans to split media and connectivity into two separate companies. - NBCUniversal and Sky would be spun off in a tax-free deal; Comcast keeps broadband, wireless, and cable. - Completion expected within a year. - Shareholders would own both Comcast and the new NBCUniversal. - Comcast shares rose on the news; Charter also jumped as investors speculated Comcast could eventually pursue a broadband-scale deal. AI Trade Gets a Warning Label - Bank for International Settlements flagged the AI boom as a financial-stability risk. - The main concerns: elevated valuations, investor complacency, complex funding structures, and debt financing across the AI supply chain. - BIS also warned that record public debt and leveraged hedge-fund activity in sovereign bonds could amplify shocks. - Quote from BIS General Manager Pablo Hernandez de Cos: "Policy actions must reinforce each other." - The interesting part: central bankers are not saying AI is fake; they are saying the financing stack may be fragile. Inflation Back Above 4% - BEA's PCE price index rose 4.1% year over year in May. - April was 3.8%; March was 3.5%; February was 2.9%. - This keeps pressure on the Fed because PCE is the Fed's preferred inflation gauge. - Core PCE may later be revised lower because of BEA methodology changes. - Goldman estimated May core PCE could be trimmed to 3.2% from 3.4%; JPMorgan expected 3.3%. - Funny-but-real detail: part of the potential revision comes from how BEA prices portfolio management, legal services, and computer software. Jobs Report Becomes Bad-News-Is-Bad-News - June payrolls are due Thursday because markets are closed Friday for Independence Day. - The setup is awkward: strong jobs could mean stronger economy, but also higher odds of Fed hikes. - Looking back - May payrolls were hot at 172,000 versus an 85,000 forecast, with unemployment steady at 4.3%. - Remember - after the June Fed meeting, policymakers were clearly focused on inflation, not rescue cuts. Oil, Iran, and the Market's New Weird Routine - Oil stayed volatile around renewed U.S.-Iran tensions and peace-talk headlines. - Brent rose 1.6% Monday to $73.15; WTI rose 2.2% to $70.75. - Markets rallied anyway, helped by signs talks would resume and shipping routes were stabilizing. - The odd market behavior: geopolitical escalation keeps getting followed by de-escalation headlines and risk-on rallies. - This is now part of the trading pattern: weekend war scare, Monday relief rally, repeat. --- New attacks by USA on Iran happened at approx 4:30PM on Friday (markets closed) and then a halt to the fighting on Sunday - before the futures opened. Odd : Wendy's Becomes a Meme Stock - Wendy's became the latest retail-trader short-squeeze target. - Stock surged 25% last Wednesday, then gained another 9% Thursday. - Barron's said the move followed a CFO shakeup and WallStreetBets attention. - New CFO Steve Cirulis came from Potbelly and is also taking the Chief Strategy Officer title. - Wendy's had fallen 47% over the past year before the rally. - Short interest was nearly 30% of the public float, making the stock easier to squeeze. - Trian, Nelson Peltz's firm, owned nearly 15 million shares valued around $93 million. SpaceX Bonds Slip After Big Debut - SpaceX sold $25 billion of investment-grade bonds, its first major public debt deal. - Demand was huge, with roughly $85 billion to $98 billion of orders. - The 10-year tranche priced about 1.4 percentage points over Treasurys. - Bonds weakened quickly after pricing. - The 10-year yield rose near 6%, with the spread moving above 1.6 percentage points. - Longer-dated 2046 and 2056 bonds took the most pressure. - The pushback: bond buyers want more yield for a company still funding rockets, Starlink, AI/data-center spending, and Mars ambitions. - Clean read: equity investors bought the story; bond investors immediately marked it down. Yentervention - Yen weakened again, pushing toward the 162-per-dollar zone and near its weakest level in about 40 years. - Japan keeps warning it is ready for "decisive action" or to respond "at any time." - Market does not seem scared for long. - Japan already spent heavily defending the yen, including a roughly $73 billion yen-buying operation after the currency broke past 160. - U.S. rates are still high, the Fed is not rushing to cut, and the Bank of Japan is still moving slowly. - That keeps the carry trade alive: borrow cheap yen, buy higher-yielding dollars. - Japan's foreign reserves fell 5.6% in May after intervention, showing the defense is expensive.   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Commercially Speaking
He Left for Marine Boot Camp a Boy... He Came Back Different | Ben Barron

Commercially Speaking

Play Episode Listen Later Jun 30, 2026 87:49


What is Marine Corps boot camp really like?In this special episode of Commercially Speaking, Bo Barron sits down with his son, Ben, just nine days after graduating from United States Marine Corps boot camp, to talk about what really happened during those 13 weeks.From arriving at the famous yellow footprints to the mental and physical challenges of training, Ben shares what surprised him most, the moments he wanted to quit, and how boot camp changed him.Bo also reflects on his own Marine Corps experience and what it was like watching his son leave for the same journey decades later.Along the way, they discuss:Why Ben chose the Marines instead of a traditional college pathThe biggest lessons from boot campHow Marine training builds confidence and resilienceWhat parents should know if their child is considering military serviceThe truth about Marine Corps cultureLife after boot camp and what's next in Marine Combat Training (MCT)Whether you're considering military service, raising teenagers, or simply interested in stories of discipline, leadership, and personal growth, this conversation offers an honest look inside one of the toughest training programs in the world.Thanks To Our Sponsors

First Community Church
The Lord Is My Shepherd, Craig Courtney (b. 1948) - Heath Barron, tenor, Scott King-Owen, piano

First Community Church

Play Episode Listen Later Jun 30, 2026 3:06


The Lord Is My Shepherd, Craig Courtney (b. 1948) - Heath Barron, tenor, Scott King-Owen, piano by First Community Church

piano barron lord is my shepherd tenor scott king courtney b first community church
First Community Church
Day by Day arr. Mark Hayes (b. 1953) - Heath Barron, tenor, Scott King-Owen, piano

First Community Church

Play Episode Listen Later Jun 30, 2026 3:27


Day by Day arr. Mark Hayes (b. 1953) - Heath Barron, tenor, Scott King-Owen, piano by First Community Church

Highlights from Newstalk Breakfast
Newly elected Lord Mayor of Dublin Daryl Barron joins Anton

Highlights from Newstalk Breakfast

Play Episode Listen Later Jun 30, 2026 4:00


Fianna Fáil Councillor Daryl Barron has been elected the 359th Lord Mayor of Dublin, launching his "Our Dublin" agenda focused on restoring civic trust through practical local action. Daryl joined Anton this morning to discuss his new position.

Barron's Live
Will the Roaring '20s Keep Roaring? An Update from Dr. Ed Yardeni

Barron's Live

Play Episode Listen Later Jun 29, 2026 49:21


Dr. Ed Yardeni, president of Yardeni Research, speaks with Barron's Editor in Chief Ben Levisohn and Senior Managing Editor Lauren R. Rublin about his economic and market outlook, the sectors he favors, and his early read on Kevin Warsh's leadership of the Fed.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Geeks Under Grace Podcast
Special Episode: Dr. Barron Bell

Geeks Under Grace Podcast

Play Episode Listen Later Jun 27, 2026 65:03


Dr. Barron Bell is a professor of Art and Design at Liberty University and George Fox University. He developed one of the only Master's level courses on comic book creation.

The Broadcast Retirement Network
Evaluating #Continuing #Care #Retirement #Communities: #Occupancy, #Cash Reserves, and #Debt

The Broadcast Retirement Network

Play Episode Listen Later Jun 27, 2026 12:13


#thismorning | Evaluating #Continuing #Care #Retirement #Communities: #Occupancy, #Cash Reserves, and #Debt | Debbie Carlson, Barron's | #Tunein: broadcastretirementnetwork.com #Aging, #Finance, #Lifestyle, #Privacy, #Retirement, #wellness

The Bulletin
Birthright Citizenship, Bipartisan Housing Bill, and Christian Summer Camp

The Bulletin

Play Episode Listen Later Jun 26, 2026 40:30


We're continuing our summer series with a recap of the week's top headlines and relevant conversation from The Bulletin archive. The Supreme Court is releasing a number of decisions prior to their summer break. One decision that is forthcoming is President Trump's executive order restricting birthright citizenship. We re-air a conversation between Russell Moore, Clarissa Moll, and executive director for the Catholic Legal Immigration Network to discuss birthright citizenship from a Catholic and Protestant perspective. Then, in a rare show of agreement, Congress passes a bill with broad bipartisan support to encourage housing construction and affordability. David Bahnsen and Mike Cosper speak about why housing is so expensive. Lastly, it's summer camp season! Megan Fowler, Russell Moore, and Clarissa Moll discuss the pros and the woes of summer camp. GO DEEPER WITH THE BULLETIN: Join the conversation at our Substack. Find us on YouTube. Rate and review the show in your podcast app of choice. ABOUT THE GUESTS: Anna Gallagher is the executive director of the Catholic Legal Immigration Network, where she leads nationwide efforts to provide expert legal training and advocacy support to migrants and refugees. David Bahnsen is the managing partner and chief investment officer of The Bahnsen Group, a wealth management firm based in Newport Beach, California. Bahnsen has been named as one of Forbes' Top 250 Advisors, Financial Times' Top 300 Advisors in America, and Barron's America's Top 1200 Advisors. The communication in this episode is provided for informational purposes only and expresses views of David Bahnsen, an investment adviser. This does not constitute investment advice. Megan Fowler is a religion reporter at Christianity Today. She is also an associate editor at byFaith magazine, and her writing has appeared in The Gospel Coalition and Common Good. ABOUT THE BULLETIN: The Bulletin is a twice-weekly news analysis podcast from Christianity Today, with editor-at-large Russell Moore. Each episode offers commentary on current events and headlining news with a roundtable of premier guests, and shares a Christian perspective on issues that are shaping our world The Bulletin listeners get 25% off CT. Go to https://orderct.com/THEBULLETIN to learn more. “The Bulletin” is a production of Christianity Today Host: Alexa Copeland Associate Producer: Alexa Copeland Editing and Mix: Kevin Morris Graphic Design: Rick Szuecs Music: Dan Phelps Executive Producer: Erik Petrik Senior Producer: Matt Stevens Learn more about your ad choices. Visit podcastchoices.com/adchoices

Elite Achievement
How Socium Scaled To Nearly $5B Through Planning with Scott Underwood

Elite Achievement

Play Episode Listen Later Jun 25, 2026 43:37


Today we talked with Socium Advisors founder and CEO Scott Underwood about the moment he decides to either become a real CEO or hire one, then commits to building the leadership skill set. He shares how a planning-first model and serious investment in people help drive growth from roughly $500M to nearly $5B AUM.Key topics discussed in this episode:• Building written comprehensive financial plans so products serve the plan• Creating an organization to deliver high-quality service at scale• Hitting the CEO inflection point and committing to leadership growth• Delegating with clarity so teams get real professional autonomy• Reducing micromanagement to build trust and performanceFollow Elite Achievement for more conversations on leadership and high-level execution. About ScottScott Underwood is the Founder and CEO of Socium Advisors, where he leads with a simple belief: the employee experience drives the client experience. Under his leadership, Socium has grown from an insurance-focused practice into a nationally recognized advisory firm serving individuals, families, and businesses through comprehensive financial planning.Scott began his career with a Northwestern Mutual internship in 1991 and was recognized as a Top 10 Intern for three consecutive years, including one year as the top intern in the company. As the industry evolved, Scott expanded his vision and built a firm centered on partnership, long-term relationships, and exceptional client service.Today, Scott is consistently recognized as one of the top advisors in the country, earning honors such as the Barron's Top 1200 Advisors award and the Forbes Financial Security Award. He also serves on the Forbes Finance Council. Throughout his career, Scott has remained committed to helping clients navigate complex financial decisions while building a culture where both team members and clients can thrive.Connect with ScottLinkedInInstagramWebsiteAbout Kristin BurkeKristin Burke works with financial advisors and leaders in financial services who are building and scaling firms. She helps them lead more effectively, develop their team, and execute consistently on the priorities that drive growth.Work with KristinIf you are building a firm and want a strategic partner to help you think through leadership, team development, and execution, you can learn more about working with Kristin here:WebsiteConnect on LinkedInLinkedIn

At Barron's
Why This Investing Pro Is Looking to Europe

At Barron's

Play Episode Listen Later Jun 25, 2026 23:27


"There's a bigger market, less competition," H. Cabot Lodge III, founder and senior managing director of Lodge Quai Capital Management, told Barron's editor at large Andy Serwer. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Alt Goes Mainstream
Oaktree's Danielle Poli - private credit: "boring is beautiful" - live from AGM's RIA Field Trip

Alt Goes Mainstream

Play Episode Listen Later Jun 25, 2026 32:27


Welcome back to the Alt Goes Mainstream podcast.We were live from AGM's RIA Field Trip at Brookfield's New York office at Brookfield Place with Oaktree Managing Director and Co-Portfolio Manager Danielle Poli to unpack why private credit is at a crossroads and why dispersion is growing. Danielle has a unique perch to form a developed view on the current state of private credit. She sits at the intersection of public and private credit, providing her with perspectives on where opportunities and risks lie across the liquidity spectrum. Danielle is a founding member of Oaktree's Global Credit strategy and its Investment Committee, which was established in 2017. She's been an important contributor to its growth into a scaled multi-asset credit platform. She previously led Oaktree's product specialist group, which she helped build into a global team supporting credit, private equity, and real estate. She joined Oaktree in 201 and has nearly two decades of experience in private markets. She has been named to Barron's list of the 100 Most Influential Women in U.S. Finance. Danielle and I had a fascinating conversation about the current state of private credit, where cracks might be emerging and where to find pockets of opportunity amid the dislocations. We covered:Why is boring beautiful in private credit?Where are we in the credit cycle?Why it's important to have a contrarian mindset.Where, why, and how dispersion is rising in credit.How to underwrite software investments post-AI. Why asset-backed finance can be a diversifier.Why now could be the time to prepare for opportunistic and rescue lending opportunities, as maturities are fast approaching.How to balance public and private credit investing. Thanks, Danielle, for sharing your wisdom, expertise, and passion about private credit. Show Notes00:00 Live Podcast Intro00:06 Meet Danielle Poli00:17 Contrarian Mindset 00:34 Our Sponsor, Ultimus Fund Solutions01:32 Where Private Credit Stands Today02:22 Bifurcation and ABF Rise02:59 Liquid vs Private Convergence03:36 Danielle's Career Background04:13 Why Liquidity Matters04:39 Dislocation Advantages05:10 Risk Return Tradeoffs05:18 Liquidity Premium Compression05:41 Covenants and Complexity06:01 Not All Private Credit is Equal06:34 Corporate vs Asset-Backed07:05 Why ABF Diversifies07:30 How Allocators Fund ABF07:49 Credit Taking Share from Equities08:49 Tough Direct Lending Vintages09:22 Rates Shock and Leverage09:43 AI Disrupts Software Credit10:41 Oaktree Software Underweight12:01 Underwriting Software Post AI12:57 Inside the Investment Committee13:57 Selling Rallies and Positioning31:30 Closing ThoughtsA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.

The United States Department of Nerds Podcast
Michael Barron & Jack Van Thomme - The Secret Lives of Demon Hunters | Indie Horror Comics

The United States Department of Nerds Podcast

Play Episode Listen Later Jun 24, 2026 100:09 Transcription Available


Writer Michael Barron and artist Jack Van Thomme join The Chairman on the USDN Podcast to discuss The Secret Lives of Demon Hunters, a supernatural horror comic about marriage, monsters, hidden darkness, and the people who spend their nights hunting demons.In this episode, we talk about slice-of-life horror, the origin of The Secret Lives of Demon Hunters, building a world of demons and possession, horror storytelling in comics, writing satisfying endings, Kickstarter preparation, reward tiers, indie comic promotion, and the reality of launching a creator-owned comic.Ashley and Jordie may look like an ordinary married couple, but behind closed doors and beneath the surface of everyday life, they are fighting something far darker. The Secret Lives of Demon Hunters blends relationship-driven storytelling with supernatural horror, giving readers a grounded emotional core inside a world of demons, shadows, and secrets.Topics include:• The Secret Lives of Demon Hunters• Slice-of-life horror• Horror comics and supernatural storytelling• Demons, possession, and hidden darkness• Writer and artist collaboration• Building a horror world in 24 pages• Writing twists and satisfying endings• Kickstarter comics and crowdfunding• Indie comic promotion• Creator-owned storytellingSupport The Secret Lives of Demon Hunters on Kickstarter:https://www.kickstarter.com/projects/secret-lives-hunters/the-secret-lives-of-demon-hunters-a-24-page-horror-comicFollow Michael Barron:https://www.michaelbarronauthor.comMichael Barron on Bluesky:https://bsky.app/profile/barronauthor.bsky.socialFollow Jack Van Thomme:https://www.instagram.com/real_jackvt/Follow USDN:https://linktr.ee/USDN_PodcastBusiness & Media Inquiries: thechairman@usdnpodcast.comThe USDN Podcast - Where Indie Comics Come To Life

Comics - Coffee - Metal
C/C/M Podcast Episode #177: Michael Barron

Comics - Coffee - Metal

Play Episode Listen Later Jun 24, 2026 66:13


Writer Michael Barron joins the podcast to chat about his rad new book, THE SECRET LIVES OF DEMON HUNTERS!Back the book on Kickstarter here: https://www.kickstarter.com/projects/secret-lives-hunters/the-secret-lives-of-demon-hunters-a-24-page-horror-comic00:00:00 - Start00:00:56 - COFFEE00:01:34 - Hot Sauce00:13:07 - COMICS00:23:24 - METAL00:44:48 - The Secret Lives of Demon Hunters

Building The Billion Dollar Business
The Five Conversations You Must Have to Build a Truly Collaborative Partnership

Building The Billion Dollar Business

Play Episode Listen Later Jun 23, 2026 14:22


Next generation partners don't leave because of one bad meeting. They leave when they realize they have responsibility without authority, ownership without influence, and a seat at the table without a real voice shaping the firm's future. In this episode, Ray Sclafani shares a real client situation where a next gen partner, with 17 years at the firm and central to continuity and succession, was asking for an exit because he had never truly been included in the decisions that shaped the firm he was expected to lead. Ray also introduces a five-category framework that advisory firm partners can use to structure crucial conversations at every meeting cadence: monthly, quarterly, and annually.WHAT YOU'LL LEARN IN THIS EPISODEWhy good intentions are not governance, and why the absence of a communication structure is one of the most common and costly mistakes in advisory firm partnerships.How the 2025 Thomson Reuters Law Firm Culture Report reveals a gap between what firms say they value and what they actually reward  and why that lesson applies directly to your advisory firm.How to structure monthly, quarterly, and annual partner meetings around these five categories so that alignment is built over time rather than assumed.The three things every partner meeting should produce in writing: what was decided, who owns the next steps, and what needs to be communicated to the team.Why over-reliance on a single next generation leader is not a continuity plan and what it takes to build a partnership capable of running the firm into the future without any single founder or rainmaker.THE FIVE PARTNER CONVERSATIONS EVERY FIRM NEEDS TO HAVEGrowth Strategy and Market PositionClient Experience and Advice DeliveryTalent and Leadership and CapacityFinancial Discipline and Capital AlignmentGovernance and Ownership and Partner Health.REFLECTION QUESTIONS FOR YOUR LEADERSHIP TEAMWho is central to your firm's future but still does not have a real voice in the conversations that shape it?Which of the five partner conversation categories needs the most honest discussion in your firm this quarter?What would change if your partner meetings shifted from updates to alignment, ownership, and future enterprise value?Are you mistaking loyalty for alignment, title for inclusion, or silence for agreement anywhere in your partnership right now?RESOURCES MENTIONED2025 Thomson Reuters Law Firm Culture ReportMatt Barthel, Barron's next generation advisor researchClientWise Executive Coaching and Team DevelopmentBuilding the Billion Dollar Business is hosted by Ray Sclafani, founder and CEO of ClientWise, the financial services industry's leading executive coaching and team development firm for elite advisors and wealth management teams.Find Ray and the ClientWise Team on the ClientWise website or LinkedIn | Twitter | Instagram | Facebook | YouTubeBuilding The Billion Dollar Business 

Capital Allocators
[REPLAY] Collette Chilton – Humility and Loyalty at Williams College (EP.174)

Capital Allocators

Play Episode Listen Later Jun 22, 2026 53:46


Collette Chilton is the CIO of Williams College where she has overseen its $3 billion since 2006. Collette is nothing short of a legend in the business. She has sat in a CIO seat since the early 1990s at the helm of public pension MassPrim and corporate pension Lucent before joining Williams. Institutional Investors bestowed its Lifetime Achievement Award on Collette in 2019, and Barron's named her one of the 100 Most Influential Women in Finance in 2020.   Our conversation covers Collette's career path and lessons learned before joining Williams. We then turn to her arrival at Williams in 2006 to a phone, a computer, and a legacy portfolio, Williams' governance structure leveraging alumni advisors, asset allocation, manager selection, manager monitoring, hedge funds, venture capital, and navigating around popular managers.   Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)   Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership  

WTFinance
"This is 1929 All Over Again" | Peter Grandich

WTFinance

Play Episode Listen Later Jun 22, 2026 41:45


The Mercantilist Restoration - https://anthonyfatseas.substack.com/p/the-mercantilist-restoration-how?r=1ni7opInterview recorded - 17th of June, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Peter Grandich. Peter Grandich is a Wall Street veteran known as the Wall Street Whiz Kid, and the founder of Peter Grandich and Company.During our conversation we spoke about his economic overview, risk of a similar scenario to the great depression, K shaped economy, AI, Precious metals, underappreciated assets and more. I hope you enjoy!0:00 - Introduction3:14 - Economic overview5:52 - Stock market concern9:49 - Crash catalyst?16:28 - Lame duck president?18:25 - K shaped economy & AI boom22:34 - Government inefficiencies25:54 - Precious metals long31:07 - Underappreciated assets?33:15 - Kevin Warsh hawkish37:29 - Global overview39:12 - One message to takeaway?Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training, and within three years was appointed Head of Investment Strategy for a leading New York Stock Exchange-member firm. He would go on to hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron's, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. He has spoken at investment conferences around the globe, edited numerous investment newsletters and was one of the more sought-after financial commentators.His autobiography, Confessions of a Wall Street Whiz Kid, was first published in the fall of 2011. The second edition was released in 2014, while the third edition, Confessions of a Former Wall Street Whiz Kid, was issued in October 2015. The fourth edition of the book was later released in April 2019, and the fifth edition was issued in May 2021.The fifth edition of the book is currently available on Amazon.com, but you can also read the book for free online. Read the book online.Grandich was the editor and publisher of The Grandich Letter from 1984 to 2014. He was also Senior Commentator for Moneytalks.net from 2013 to 2015.In 2013, Grandich founded the Athletes & Business Alliance (ABA), a private organization of professional athletes and business executives who exchange ideas and build relationships with an emphasis on capitalizing on the talents of all involved. A symbiotic organization, ABA is a network of accomplished individuals in an environment where one can develop personal associations with a structured and supportive system of giving and receiving business. The ABA boasts a select membership of diverse senior-level executives, high net worth business owners, and both active and retired pro athletes. By invitation only, high-level corporate and business decision-makers and prominent athletes intermingle. To achieve success, businesses must utilize effective marketing tools, secure new customers to generate repeat business and provide superior customer service that engenders loyalty. The ABA provides an environment to do this and more.Peter Grandich currently resides in New Jersey with his wife, Mary, and they have one daughter, Tara.Peter Grandich - Website - https://petergrandich.com/X - https://twitter.com/PeterGrandichYouTube - @Peter-Grandich Blog - https://petergrandich.com/blog-posts/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Barron's Streetwise
The Top CEOs of 2026. Plus, Corning's Wendell Weeks Talks A.I. and Glass.

Barron's Streetwise

Play Episode Listen Later Jun 19, 2026 32:23


Jack and Barron's all-star Andrew Bary discuss more standout leaders. Learn more about your ad choices. Visit megaphone.fm/adchoices

The World According to Boyar
Casino Attached to a Church: Michael Santoli on Speculation, the AI Boom, and Echoes of 2021 and 1999

The World According to Boyar

Play Episode Listen Later Jun 18, 2026 39:05 Transcription Available


CNBC's Senior Markets Commentator—and the show's first-ever repeat guest—on short selling, AI spending, market concentration, and why the bar is high for what's been working to keep working.Episode OverviewIn this episode of The World According to Boyar, Jonathan Boyar welcomes back CNBC Senior Markets Commentator Michael Santoli—the first repeat guest in the show's history, following his December 2020 appearance in the thick of COVID. Drawing on more than three decades covering Wall Street, Santoli breaks down his now-memorable on-air clash with Ryan Cohen over GameStop's bid for eBay, the return of meme-stock speculation, and the question hanging over everything: Is this market 2021, 1999, or something genuinely new?From AI capital spending and extreme market concentration to whether value and equal-weight stocks are finally due to lead, Santoli argues that today's extremes do not yet match the dot-com peak. But, as he puts it, being told by your doctor that “you're not literally the most unhealthy patient I've had in 30 years” does not mean “you're in great shape.” It's a clear-eyed, historically grounded read on the enduring mix of speculation and investment—what Santoli, invoking Buffett, calls “a casino attached to a church.”Key Topics Covered:Short sellers and the chilling effect: Why short selling is one of the most treacherous games in investing, the “alpha shorts” many hedge funds use, and why even legitimate short sellers have gone quiet.The Ryan Cohen/GameStop showdown: The backstory behind a tense, revealing on-air exchange over GameStop's bid for eBay—and what Santoli believes the Chewy-to-GameStop record reveals.2021, 1999, or both? The retail-trader empowerment of 2021, the narrow-leadership echoes of the dot-com peak, and Santoli's “unhealthy patient” analogy for today's market froth.AI spending and the hardware food chain: Why Santoli suspects the AI hardware complex may be overearning—and whether greater efficiency could eventually undermine today's hardware economics.Market concentration, reconsidered: Why a top-heavy S&P 500 may matter less than people fear—and how the bull case quietly shifted from “asset-light cash machines” to “asset-heavy, invest now, reap later.”Will value and equal weight finally lead? Why durable rotations do not happen “at a full gallop,” and what the October-to-February broadening did—and did not—prove.Why he doesn't pick stocks: How being restricted from owning individual securities became “liberating,” his “voluntary tax on the arrogant” take on sports betting, and his philosophy of staying involved while keeping expectations in check.The evolution of his CNBC role: From appearing on CNBC as a Barron's contributor to becoming a market “color commentator” and co-anchor of Closing Bell: Overtime—and where financial media is heading as the business shifts toward digital.The underreported story: The slow-moving demographic and global-population shifts—and the possibility that the Iran episode accelerates investment in renewables—that Santoli believes investors may be overlooking.About Michael Santoli:Michael Santoli is co-anchor of CNBC's Closing Bell: Overtime and the network's Senior Markets Commentator, with more than three decades of experience covering Wall Street. He began his career at Investment Dealers' Digest before moving to Dow Jones Newswires. He later spent 15 years as a columnist and feature writer at Barron's, where he wrote the Streetwise column, and was a Senior Columnist at Yahoo Finance before joining CNBC in 2015. A graduate of Wesleyan University, he lives in New York City.Unlocking Investment Opportunities Since 1975At the Boyar Value Group, we've dedicated nearly five decades to the pursuit of value on behalf of our clients. Founded in 1975, our firm has earned a reputation as a trusted source for uncovering undervalued opportunities in the stock market.To find out more about the Boyar Value Group, please visit www.boyarvaluegroup.com

At Barron's
A CEO Explains How AI Impacts the Physical World

At Barron's

Play Episode Listen Later Jun 18, 2026 22:03


Lucian Boldea, CEO of Timken, spoke about the artificial intelligence, the economy, acquisitions, and much more with Barron's editor at large Andy Serwer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Integrative Cancer Solutions with Dr. Karlfeldt
Beau Barron │ Diagnosed with a 0.06% Cancer at 37 - Mandibular Osteosarcoma, Chemo & Rebuilding His Jaw

Integrative Cancer Solutions with Dr. Karlfeldt

Play Episode Listen Later Jun 17, 2026 47:59


What does it look like to be diagnosed with one of the rarest cancers on earth - at 37, in your prime, with two young kids at home - and walk out the other side?In this episode of Integrative Cancer Solutions, Dr. K sits down with Beau Barron, entrepreneur, former medical device professional, and mandibular osteosarcoma survivor, to trace the full arc of his diagnosis: five months of misdiagnosis, a biopsy he had to fight for, six brutal rounds of chemotherapy, and a 10-hour jaw reconstruction surgery using his own fibula. Beau also opens up about the functional medicine support that kept him training through chemo, the faith that kept him grounded, and why he now believes the diagnosis was the best thing that ever happened to him.Key Takeaways:0:00 Introduction 4:02 From medical devices to cancer patient — Beau's background 5:20 Five months of misdiagnosis before anyone raised a red flag 12:26 Why mandibular osteosarcoma falls through the cracks 15:00 The bone biopsy he demanded that saved his life 17:57 Getting the diagnosis call mid-workday and going into action mode 29:00 Emory vs Mayo — navigating conflicting chemo recommendations 34:00 Working out through doxorubicin and ifosfamide 40:00 The 10-hour fibular flap reconstruction surgery 43:41 How cancer rewired his priorities as a father and husbandSchedule a Free 15-Min Cancer/Lyme Consultation at The Karlfeldt Center: 208-338-8902Resources:Stat Wellness — https://www.statwellness.com Emory University Hospital — https://www.emoryhealthcare.org UAB Medicine — https://www.uabmedicine.org Mayo Clinic Arizona — https://www.mayoclinic.org/patient-visitor-guide/arizona Medical Disclaimer: This content is for educational purposes only and is not intended to diagnose, treat, cure, or replace professional medical advice. Always consult your physician or qualified healthcare provider regarding any medical condition or treatment decisions.

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Barron's Live
The "Tampa Model" and Other Investment Insights

Barron's Live

Play Episode Listen Later Jun 15, 2026 44:10


The Tampa Firefighters & Police Officers Pension Fund has outperformed the S&P 500 for more than 50 years, thanks to the investment acumen of its sole manager, the investment firm Bowen Hanes. President, CEO, and Chief Investment Officer Harold “Jay” Bowen III speaks with Barron's Senior Managing Editor Lauren Rublin and Associate Editor Andrew Bary about his thematic investment strategy and his favorite stocks.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Filmmaker Mixer
Shooting Netflix's How to Get to Heaven from Belfast with DP Ashley Barron

Filmmaker Mixer

Play Episode Listen Later Jun 15, 2026 29:36


Ashley Barron joins Filmmaker Mixer to discuss the cinematography behind Netflix's How to Get to Heaven from Belfast. In this filmmaker-focused conversation, Ashley shares how the visual style of the series evolved, the challenges of shooting emotionally layered scenes, and the realities of crafting cinematic television on a fast-paced production schedule. This episode explores lighting choices, camera movement, collaboration with directors and designers, and how cinematography shapes tone and character. Independent filmmakers, film students, and cinematography fans will gain practical insight into visual storytelling for modern streaming productions.Filmmaker Mixer is a podcast dedicated to the craft of filmmaking, featuring conversations with directors, cinematographers, editors, composers, costume designers, and other creative professionals working in film and television.

i want what SHE has
S.1 E.6 Christie Jordan Barron "Practicing Living and Dying"

i want what SHE has

Play Episode Listen Later Jun 14, 2026 108:36


Today on the show we are joined by Christie Jordan Barron, an educator, mother, mover, maker, and somatic experiencing practitioner based in the Hudson Valley. Christie believes deeply in our essential need for connection to our own hearts, to nature, and to each other. She is dedicated to holding space for people to sense into and stay curious about the various parts and pieces that make us all tenderly human.  Our conversation weaves through Christie's work, lived experiences and the deep wisdom she's landed on along the way. We learn about her work in the practice of dying and how that supports us through deaths of all types and the grief that often accompanies loss. She shares insight into community's role with grief and how that helps us in moving away from the expert paradigm. Her work as an educator has expanded to include sexual education, supporting youth navigating their relationship to their changing bodies and their autonomy. We talk about her role as mother and the complexities of what that surfaced for her. Our parenting conversation leads us to explore the balance between structure and freedom (masculine and feminine), and we spend some time talking about the challenges of navigating conflict and how to hold one accountable for their actions. Let us know what out conversation brings up for you! Find Christie at interweave.one As mentioned, here's Theresa's previous conversation on The Hope Model. https://iwantwhatshehas.org/407-joann-stevelos-the-hope-model Like, Subscribe!  Watch us on Youtube https://www.youtube.com/@dancingwithwaterpodcast Find us on Instagram https://www.instagram.com/dancingwithwaterpodcast/  Support us at Patreon https://www.patreon.com/dancingwithwater Find archive conversation from I want what SHE has https://iwantwhatshehas.org/  Learn more about Theresa and her offerings at https://www.anahatakingston.com/ Learn more about Jennifer and her offerings at https://www.cosmicmotherlove.com/

Cathedral of Faith
Faith That Works Part 3 - Pastor Andy Barron

Cathedral of Faith

Play Episode Listen Later Jun 14, 2026 35:08


WSJ Tech News Briefing
What Tesla's IPO Can Teach Us About SpaceX

WSJ Tech News Briefing

Play Episode Listen Later Jun 12, 2026 20:06


Elon Musk's last IPO created a big stock market winner. Will SpaceX follow? WSJ reporter Becky Peterson, Barron's associate editor Al Root and WSJ columnist Tim Higgins break down what Tesla's debut can teach investors about SpaceX, and whether the rocket company can really live up to a $1.77 trillion valuation. Imani Moise hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Financial Exchange Show
SpaceX Starts Trading as the AI Price War Heats Up

The Financial Exchange Show

Play Episode Listen Later Jun 12, 2026 38:27 Transcription Available


SpaceX has officially started trading after the largest IPO in history, giving investors their first real look at how much demand there is for Elon Musk's newly public space and technology empire.Chuck Zodda and Mike Armstrong break down the first trades in SpaceX, why IPOs often bring major volatility, and how retail investors were able to access shares through select platforms and pre-IPO funds. They also discuss renewed uncertainty around a potential U.S.-Iran deal, the growing price war between OpenAI and Anthropic, why AI costs may be forcing companies to rethink how they use different models, and Paul LaMonica of Barron's joins the show to explain which ETFs already had SpaceX exposure before the IPO.

Apple News Today
Inflation hit a three-year high. What it means for you.

Apple News Today

Play Episode Listen Later Jun 11, 2026 16:10


Inflation has risen to its highest level in three years as the war in Iran disrupts oil supplies and tariffs drive up prices across the board. Barron’s senior economics writer Megan Leonhardt explains what consumers are feeling right now. President Trump signed the Secure America Act, directing roughly $70 billion to ICE and Border Patrol through fiscal year 2029. The Washington Post’s Jarrell Dillard explains why funding ICE for that long was an unusual step. The largest World Cup in history kicks off today across the U.S., Mexico, and Canada. Rebecca Lowe, cohost of the Apple News podcast After the Whistle, joins to talk about what to expect and why this tournament could push soccer fully into the American mainstream. Plus, why lawmakers are delaying the renewal of FISA, a Somali referee was denied entry into the U.S. to referee at the World Cup, and how Pope Leo and Bad Bunny came together in Madrid. Today’s episode was hosted by Gideon Resnick.

Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
Architecting 100x Growth: A “How-To” From Legends Dan Sullivan and John Bowen

Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change

Play Episode Listen Later Jun 11, 2026 58:36


With the Co-Authors of The Greater Game and Dan Sullivan of Strategic Coach and John Bowen of CEG Insights Louis Diamond speaks with Dan Sullivan of Strategic Coach® and John Bowen of CEG Insights about founder dependency, enterprise value, and the architecture behind scalable businesses. In Summary Many advisory firms grow successfully while remaining highly dependent on their founders. Dan Sullivan and John Bowen argue that the difference between a successful practice and a valuable enterprise comes down to architecture. Louis sits down with the co-authors of The Greater Game to discuss founder dependency, enterprise value, intellectual property, and why some businesses scale beyond their owners while others do not. The conversation offers advisors a framework for thinking differently about growth, succession, and long-term optionality. The Storyline Many advisors spend their careers helping clients build valuable businesses. Far fewer stop to ask whether their own firms are being built the same way. That tension sits at the center of Louis Diamond's conversation with Dan Sullivan, co-founder of Strategic Coach®, and John Bowen, founder of CEG Elevate Group and CEG Insights. Their new book, The Greater Game, challenges a common assumption about growth: that bigger businesses are simply the result of working harder, adding more clients, or improving existing systems. Instead, they argue that enterprise value is created through architecture—the deliberate design of a business that can scale, transfer, and thrive without its founder at the center. The discussion introduces a framework for understanding why some entrepreneurs remain trapped in optimization while others build enterprises that compound in value over time. Along the way, Dan and John explore founder dependency, intellectual property, succession planning, strategic partnerships, and the role advisors can play in helping entrepreneurial clients navigate each stage of growth. For advisors, the framework creates an important mirror. The same forces that limit enterprise value for entrepreneurial clients often exist inside advisory firms themselves. The result is a conversation that extends well beyond business growth and into questions of optionality, transferability, and what ultimately makes a firm valuable. Topics Covered Enterprise Value Creation Founder Dependency Risk Business Architecture vs. Optimization Intellectual Property & Scalability Strategic Partnerships & Leverage Succession Planning & Optionality Legacy, Impact & the “Greater Game” Mindset > Download a transcript of this episode… Listen and Learn Highlights for Advisors What is The Greater Game—and why does it matter to advisors? (17:57) Dan and John introduce the framework behind their new book and explain why advisors should think about it both for entrepreneurial clients and for their own businesses. Why do only a small percentage of entrepreneurs create exponential enterprise value? (22:24) The discussion explores the difference between “architects” and “optimizers” and why most business owners remain focused on improving what exists rather than designing what comes next. Why is founder dependency such a significant valuation risk? (35:00) John explains how businesses that depend on a single individual often struggle to scale, transfer, or command premium valuations. How does expertise become intellectual property—and why does that matter? (35:00) The transition from expertise to transferable systems may be the most important bridge in the entire framework, creating leverage that extends beyond the founder. What prevents many advisors from fully serving entrepreneurial clients? (18:00) The conversation examines why most advisors are well-equipped for traditional planning needs but less prepared for the governance, succession, and enterprise-value challenges entrepreneurs eventually face. What does the next game look like after you've already “won”? (50:00) Dan and John discuss why many successful entrepreneurs and advisors eventually shift their focus from accumulation to significance, impact, and legacy. What's the single most important move an entrepreneur can make? (52:30) Dan shares the concept of Unique Ability® and explains why simplifying around your highest-value strengths often creates the greatest multiplier effect. Key Takeaways Enterprise value is created through architecture, not effort. Many successful businesses continue to grow while remaining highly dependent on their founders. The firms that command premium valuations are often built differently from the start. Founder dependency acts as a hidden valuation discount. The more a business depends on one person, the more difficult it becomes to scale, transfer, or sell at a premium. Intellectual property is often the bridge between a practice and an enterprise. When expertise becomes codified, transferable, and repeatable, value begins to exist independently of the founder. Advisors and entrepreneurs often face the same challenge. The same founder-dependency issues advisors help clients solve frequently exist within their own firms. Strategic partnerships create leverage that expertise alone cannot. Many of the most successful entrepreneurs grow through collaboration, ecosystems, and coordinated expertise rather than attempting to solve every challenge themselves. Most advisors are trained to solve early-stage problems. Entrepreneurial clients eventually require guidance around succession, governance, scalability, and enterprise value—areas that extend beyond traditional planning. The next stage of growth is often not about growth at all. For many successful entrepreneurs, the question eventually shifts from accumulation to significance, impact, and the legacy they want their business to create. https://www.youtube.com/watch?v=JY5xOB8GTQY Quotable Moments “The exit multiple is downstream of the architecture.” “The difference between a three-times and a fifteen-times multiple is often whether the business depends on the founder.” “You have to simplify in order to multiply.” “We're not talking about a 10x game anymore. We're talking about a 100x game.”     FAQs Why do some advisory firms command higher valuation multiples than others? Dan Sullivan and John Bowen argue that valuation is often determined long before a transaction occurs. Firms that reduce founder dependency, codify intellectual property, and build transferable systems typically command higher multiples than those built around a single rainmaker. What is founder dependency and how does it impact enterprise value? Founder dependency occurs when clients, revenue, and decision-making remain concentrated around one individual. While those businesses can be highly successful, advisors find they are often more difficult to scale, transfer, or sell. What is the difference between an architect and an optimizer? An optimizer focuses on improving an existing business model. An architect builds systems, intellectual property, and structures designed to create leverage, scalability, and long-term enterprise value. What does Dan Sullivan mean when he says “100x is easier than 2x”? The concept challenges entrepreneurs to stop thinking incrementally. Rather than working harder within the current model, transformational growth often comes from redesigning the model itself through better leverage, collaboration, and systems. How can advisors better serve entrepreneurial clients? Many entrepreneurial clients eventually need guidance beyond investment management, including succession planning, governance, intellectual property strategy, and enterprise value creation. Understanding where a client sits in their business journey can help advisors provide more relevant advice and coordination. What is the expertise trap and why does it matter for advisory firms? The expertise trap occurs when critical knowledge, relationships, and processes remain inside the founder's head. Until that expertise becomes transferable and repeatable, enterprise value often remains limited regardless of growth. Dan Sullivan and John Bowen argue that valuation is often determined long before a transaction occurs. Firms that reduce founder dependency, codify intellectual property, and build transferable systems typically command higher multiples than those built around a single rainmaker. Founder dependency occurs when clients, revenue, and decision-making remain concentrated around one individual. While those businesses can be highly successful, advisors find they are often more difficult to scale, transfer, or sell. An optimizer focuses on improving an existing business model. An architect builds systems, intellectual property, and structures designed to create leverage, scalability, and long-term enterprise value. The concept challenges entrepreneurs to stop thinking incrementally. Rather than working harder within the current model, transformational growth often comes from redesigning the model itself through better leverage, collaboration, and systems. Many entrepreneurial clients eventually need guidance beyond investment management, including succession planning, governance, intellectual property strategy, and enterprise value creation. Understanding where a client sits in their business journey can help advisors provide more relevant advice and coordination. The expertise trap occurs when critical knowledge, relationships, and processes remain inside the founder's head. Until that expertise becomes transferable and repeatable, enterprise value often remains limited regardless of growth. Related Resources The Greater Game by Dan Sullivan and John Bowen Strategic Coach® CEG Elevate Group The Greater Game Dashboard Diamond Consultants Advisor Transition Report Dan Sullivan The world's foremost expert on entrepreneurship in action, Dan Sullivan has spent the past five decades empowering business owners to reach their full potential in both their professional and personal lives. His strong belief in and commitment to the power of the entrepreneur is evident in all areas of his company, Strategic Coach®, and its successful membership community. Dan is married to Babs Smith, his partner in business and in life. They jointly own and operate The Strategic Coach Inc., with offices in Toronto, Chicago, and the UK Dan and Babs reside in Toronto. John Bowen John J. Bowen Jr. is the founder and CEO of CEG Elevate Group, the holding company that includes CEG Worldwide and CEG Insights. Through these companies, he helps elite financial advisors serve fewer, wealthier clients exceptionally well while building more valuable and scalable businesses. Before founding CEG, John spent 26 years as a financial advisor and built a $2 billion wealth management business. That firsthand experience grounds CEG’s work today across advisor coaching, enterprise programs, empirical research through CEG Insights, and practical frameworks for advisors who want to move beyond practice growth to enduring enterprise value. John is the author of 21 books on wealth management, entrepreneurship, and success. His newest book, The Greater Game: Your 100x Blueprint for Exponential Growth, Freedom, and Legacy, co-authored with Dan Sullivan of Strategic Coach, will be published by Hay House Business in May 2026. Today, John and the CEG team work with leading advisors and enterprise firms — including some of the largest advisor organizations in the United States — to help advisors deepen relationships with affluent clients, build scalable practices, and design lives of greater significance. NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. View the transcript of this episode… Architecting 100x Growth: A “How-To” From Legends Dan Sullivan and John Bowen A conversation with Louis Diamond and Co-Authors of The Greater Game, Dan Sullivan of Strategic Coach and John Bowen of CEG Insights.      Louis Diamond: Welcome to the latest episode of our podcast series for financial advisors. Today’s episode is Architecting 100x Growth: A “How-To” From Legends Dan Sullivan and John Bowen, a conversation with the industry’s top coaches and co-authors of The Greater Game. I’m Louis Diamond, and this is the Diamond Podcast for Financial Advisors. Mindy Diamond: At Diamond Consultants, we help elite advisors identify the right environment for their businesses to thrive, whether that’s at a wirehouse, boutique, or independent firm. With nearly three decades of experience, we’ve guided thousands of advisors and represented more than a quarter of a trillion dollars in assets transitioned. And each year, one in four advisors managing a billion dollars or more who change firms are our clients. Our process is education-driven and based on building relationships, starting as your strategic partner well before you’re even thinking of a move. To schedule a confidential conversation, call us at 908-879-1002. Wondering why advisors change firms and where they’re headed? Are transition deals going up or down? Those very questions and more inspired us to create our annual Advisor Transition Report. It’s the award-winning data-driven resource designed for advisors that connects the dots between the motivations around movement and the firm’s appetite for top talent. Arm yourself with the knowledge you need to make smart decisions. Download your copy at diamond-consultants.com/transitionreport. Louis Diamond: Most entrepreneurs and many advisors spend years optimizing for growth without realizing they’re building a business that still depends entirely on them. Revenue and complexity grow; enterprise value, transferability, and freedom often lag far behind. Dan Sullivan and John Bowen argue that the issue isn’t effort or intelligence; it’s architecture. No doubt these are familiar names in the wealth management industry, but just to set the stage, Dan is the co-founder of Strategic Coach, and John is the founder of CEG Elevate Group and CEG Insights. Together, they spent decades coaching and studying high-performing entrepreneurs and advisory firms. Their latest book, one they joined forces on, The Greater Game, lays out a very different framework for thinking about growth, one built around scalability, transferrable value, and long-term leverage rather than incremental optimization. What makes this conversation especially relevant for advisors is that the framework cuts both ways. It applies to the entrepreneurial clients that advisors serve, as well as to the advisory firms themselves. And in many cases, the same founder dependency and expertise trap that limits a client’s enterprise value is quietly limiting the advisor’s business too. We talk about the difference between operators and architects, why 100 times growth can actually be easier than two times growth, where businesses tend to stall as they scale and how advisors can start thinking differently about their own firms, particularly when it comes to enterprise value, succession, and long-term optionality. It’s rare access to a conversation with two of our industry’s legends whose advice and counsel has not only helped to transform the business lives of many of our listeners, but also my own. So let’s get to it. Dan and John, thank you both for joining us today. Dan Sullivan: Thank you, Lou. It’s a real pleasure. John Bowen: I’ve had the privilege of joining you before, but never with my co-author, Dan Sullivan, and I’m excited to share what we’re doing because I think it can make a big impact in our advisor industry. Louis Diamond: No doubt about it. Yeah, this has been an interview I’ve been very excited to host. So let’s jump right in. Dan Sullivan, I think you are a man that needs little introduction. So many advisors in the industry are fans or clients of your firm, Strategic Coach, but for those who aren’t as familiar or need a refresh, can you just give some quick context into why you started Strategic Coach and what the company does today? Dan Sullivan: Yeah. Well, it goes back to 1974. I was a copywriter at BBDO, the Canadian branch of BBDO, big global advertising agency. It still is. But I’ve been sort of a lifetime coach. I remember once when my mother finally caught up with what I was doing in life and I was describing what I was doing, she says, “Well, you were doing that when you were a child. You were talking to adults and you were asking adults about their experiences.” And I said, “Yeah, I could do this when I was eight or nine years old, but it took me a long time to get a business model wrapped around it.” But I jumped out in 1974 and started coaching anybody, but it actually turned out that entrepreneurs were the best people to coach because they would write a check on the spot and they would make a decision on the spot and I needed cashflow and I did it. So I’ve been personally, as a Strategic Coach, which was named by someone else. You’re just out there trying to get cashflow to pay for the rent. So I started in ’74, and I was lucky and it really relates to your target audience, Lou. Right off the bat, I got what are called top-of-the-table life insurance agents. And that was really, really great because life insurance agents are purely a conceptual business. So someone can get a new idea at breakfast and they can have a new business by dinnertime just because they can change their mindset. And that moved on. And I did that for 15 years, just one-on-one, 1970s, 1980s. And then, I’d had enough experience that we turned it into a workshop program in 1989. We’ve been at it ever since. So I was at a talk. Joe Polish is a great friend of ours, Joe Polish with Genius Network. And he had a speaker there, and he says, “You’re one of the original gangsters, aren’t you? You’re one of the first people.” And I said, “I don’t know if I’m the original, but I think I’m the only surviving one.” So it’s 52 years that I’ve been doing what I’m doing. And I had the good fortune to meet John in around 2009. John, was that the year? 2009? John Bowen: Yeah, in the little economic downturn that everybody knows about here. Dan Sullivan: Yeah. And John had a great coaching program and we had a great coaching program. And over the years, we’ve talked a lot about what makes a entrepreneur exponential in their thinking. And finally, about two years ago, we decided, let’s write a book about this. And that’s the new book, which is called The Greater Game. That’s where this all started. It’s just been a great pleasure because we sync very well. Louis Diamond: Amazing. And Dan, I think a lot of people likely know you either from Strategic Coach. I know I’m personally a big fan of two of your books and I know of others, The Gap and The Gain and Who Not How. We’re going to talk about your new book, but I think it’d just be helpful. Can you talk about the key premise of some of your prior books, The Gap and The Gain and Who Not How? Dan Sullivan: As a result of my membership, I’m a member in other groups. And so Joe Polish of Genius Network fame, he’s been in my program for 28 years, and I’ve been in his program for 15 years. And there was a writer who was in one of the first Genius Network workshops, and he approached me. And I created a lot of books, but I create small books and they’re self-published. I do a book a quarter. I’m 82 in about three weeks. So when I was 70, I said, “I’m going to give myself a 25-year project. I’ll write 100 books in 100 quarters.” And this is quarter number 47, and I’m writing my 47th book. But they’re little books. They’re 60, 70 pages. They’re one-idea books. And Ben Hardy, who was, at that time, the number one writer on Medium, which is a blogging type medium, he approached me, and he said, “I know you don’t write big books and you don’t have publisher books. But,” he said, “if you ever did,” he said, “I’d like to collaborate.” And that was a great good fortune on my part. So we produced three books in five years. The first book was Who Not How. Who Not How basically says when you have a goal, the biggest problem with the goal, you’re excited about the goal, but you’re not excited about doing it. So you find “Whos” who help you and you build teamwork around it. And that was a big seller. And then, we had another concept which was called The Gap and The Gain that entrepreneurs, depending on how they measure their progress, can be perpetually unhappy or they can be perpetually motivated. And it all depends on how they measure their progress, how they measure their goal setting and their goal achievement. And then the third book, which has really turned out to be the big one, up until this book, this book will be bigger. It’s called 10x Is Easier Than 2x. So hence, Coach, everybody has a 10x game plan. Whatever number they want to choose, revenues, personal net worth, whatever, you have a framework of 10x, which is sometime in the future, but you use that future framework for deciding what you’re going to do today that will end up as a 10x result. I thought that was going to be our formula for the rest of my life until I met John. And then John is a great AI practitioner. And I began to realize that that 10x is now becoming 100x for really top-notch entrepreneurs, but the 10x is easier than 2x. And we just crossed the million mark with the three books, which is really good. And it’s great for lead… we’re having people show up and they’ve really bought into what Strategic Coach is. We have a good size company. We’re not a small company. We have 120 team members. We’re in five centers: Los Angeles, Vancouver, Chicago, Toronto and London, England. But it’s been really great because we’ve really grown with technological change and it’s basically, we teach people how to think about their thinking. And Lou, you were in for three years, both in-person and virtual. So you know what the starting structure of it is, but I’m in love with entrepreneurs. Entrepreneurs are crucial characters on the planet, but mostly they operate alone and what we’ve done is create a community for them. Louis Diamond: Fantastic. Thank you, Dan. And John, I think perfect segue to you, because I know you’ve spent your career serving and helping entrepreneurs as well, mostly within financial services or within wealth management. And you’ve been very kind to share some of your amazing research on advisors serving entrepreneurial clients in the past. But for anyone who’s missed those episodes, similar question for you, can you share what your companies do? CEG Elevate, CEG Insights, your new research, and then we’ll dive into your exciting new book. John Bowen: Thank you, Louis. And Dan and I are very excited about just entrepreneurs in general. Dan is, because he’s working with them directly. The best clients for financial advisors are entrepreneurs, largely, if you’re going to go high net worth, ultra-high net worth. So we have a company, CEG Elevate, which is our parent company. Two of the companies that are really interesting for this podcast is CEG Insights and this is our research arm. And we’ll study about 20,000 high net worth, ultra-high net worth clients this year in depth and 6,000 up to 7,000 we’ll do just of entrepreneurs. And this is in the partnership. Lou, I invited you up to… We were skiing two years ago in Park City and you couldn’t join us. But Dan and I made a deal to do a 25-year partnership studying entrepreneurship, one for Strategic Coach and his coaching clients, but really the opportunity for financial advisors. And it’s probably just as well because I came down, and I think, Dan, you were 80 at the time and I was 69. I’m 70 now. And I was skiing with a whole bunch of 40-year-olds, and they’re all going, “You guys are way too optimistic.” And Dan and I are just getting started on this. And the other company that’s applicable is CEG Worldwide, where we have the privilege of coaching and training some of the top financial advisors, those aspiring, and also working with the enterprises to really help move up market and do this great experience. Louis Diamond: Fantastic. Dan, question for you. What was the core problem you and John were trying to solve in your new book, The Greater Game? What is it that existing frameworks weren’t touching? And then John, I’ll have a follow-up question for you after that. Dan Sullivan: Yeah. Well, by the very nature of what we do, we’re not going for wannabes. We’re not going for entrepreneurs who hope to be really successful someday. We’re engaging with and we’re registering into both of our communities, people who, they’re already great. They’re already doing so many things right, but they’re kind of doing it unconsciously. They just have a unique ability for growth. They have a unique ability for networking and expansion, but the very, very core is they’ve done it on their own. And they’ve done it out of intuition and they’ve done it out of ambition and motivation. But their biggest problem is that they’re really lonely. I’m in my sixth decade now of coaching entrepreneurs, and people say, “Well, what’s the number one problem that entrepreneurs face?” And I said, “Loneliness.” They can’t explain themselves to the family they grew up with. They can’t explain themselves with their lifetime friends. They have thoughts about how they’re operating. And they take enormous pride in their ability to transform difficulties into breakthroughs, but they don’t have anybody to talk to. So what we’ve created is a community where when you walk in the room, everybody in that room immediately understands you. Everybody immediately applauds what you’ve done. Everybody is inspired by you. So my framework is I call, “What you’ve done on your own, you’re great. You’re a winner already, but who do you talk to?” You have to hide a lot of your success because they just won’t understand what it is that actually motivates you. And the beauty of the partnership with John is the vast majority of our clients are in 70 or 80 different industries, so they’re not peculiar. We start off with financial services, especially life insurance. But what I notice is that all the difficulty they get into life is they’re trying to communicate with people who don’t understand them. And what we’re saying is, “Stage one, you did it on your own, you’re great by any standard whatsoever. You check all the boxes for being a successful person, but you don’t really have any way to actually check out how other people are doing this.” And so we’ve created a community, and John has created a community where people, immediately, there’s understanding. And not only that, but there’s opportunity because they’re unique in their own ways. Every one of our entrepreneurs has created a very, very unique pattern of success that if they were with 10 other people, they could learn from this. If they were with 30 other people, they would learn even more. So that’s what we’ve done. So stage two is now joining a community where everybody gets you. Louis Diamond: Interesting. And that’s the premise of the book. We don’t want to have people not buy it, but what is the greater game? What’s the game that folks are playing and pursuing and how do you make it greater? Dan Sullivan: I tell you, what I’ve always been lacking, I’m sort of intuitive like most entrepreneurs are. We’ve done about 300 times growth since we started the program. But it’s intuitive. I don’t have any research to back this up. I’m low on fact finder. I find, generally speaking, the best facts are just the facts that I make up, but at a certain point, you’d like to have some actual research to back me up. So I’ve gone as far as I can go with our company without real research. Then John comes into the picture, and now we got some real research. And I will say this, this is generally true. It’s not just a problem with me that I don’t have research. I find that entrepreneurism is one of the least researched subjects on the planet. And John comes along and he’s done all the backfill for how entrepreneurs actually perform and I’ve got research to prove it. Louis Diamond: Perfect. Yeah, John, question for you. So what is The Greater Game? And then, how do you think it relates to what financial advisors have been missing? John Bowen: One of the things that we as financial advisors all want to work with people who have already won. And there’s no better group than entrepreneurs, successful entrepreneurs. If we look at people with 25 million or more of investible assets across all households in the US, 90% are entrepreneurs. And at the 5 to 25 million of investible assets, it’s three out of four. So at CEG Worldwide, we’ve always wanted to really understand advisors. And we said we’ll partner with Dan and his passion with entrepreneurs, we’ll go ahead and study them so that we can bring insights on how we can better serve them. And the very first thing we want to do is understand, yeah, there’s very different stages that we see of entrepreneurs and we talk about the whole concept of The Greater Game. And the idea here is we wanted to identify… And I’ll share some PowerPoint slides. I know a lot of us are listening and I just want to walk through this, but Louis will have it in show notes, his team will. We really saw four areas. The first one was level one, stage one was foundation for freedom. They had ambition, the vision, but they really needed security. And Dan calls this, and I love this term, “cash confidence.” But it’s really using a financial advisor to have security. And one of the things, the last time I was on with you, Louis, we talked about there’s 59.2% of entrepreneurs who want to switch advisors because they don’t believe they have that security. And that’s kind of the foundation. And this is why you’re never going to read a more friendly financial advisor book for entrepreneurs than this because in our coaching program, we’re developing workshops and so on to bring this message out. And then the second level is where now we saw… and there were four levels. Dan and I identified 5.4% of these entrepreneurs that were just killing it and they were going through all four levels. The second level was energy for expansion. They were very motivated, they were excited about getting up and really the intellectual property, and Dan’s been one of the big leaders in this, is so much of what we know… And as I go through this too, I want every one of the advisors to think about it’s not only your entrepreneurial clients, this is for you too, is having this intellectual property, getting it out of your head so that your business is not founder-dependent or personality-dependent. You’ve got this enterprise. And then, the third level where it really took off was collaboration and multiplication. And Dan talked about the power of community and this is so big. And for advisors, the community is often working with other professionals, the accountants, the attorneys, the investment bankers. Matter of fact, when we survey, we found that 40% of the people with 25 million or more that they invest with an advisor came through an investment banker. So creating that community, teamwork, having the right team and then autonomy. Can you step away from your practice? The entrepreneurs step away 30 days, 60 days, 90 days, making that independence, moving from the founder-dependent to the enterprise. And the last level was exponential. And this is all along the way, the AI opportunities to accelerate this and augment this is really real, but the agency where the blue ocean, creating new markets, then getting the commitment and courage. And at each of these levels, we saw different entrepreneurs just really taking off. And one of the things that’s so important, Louis, for what we’re talking about today is advisors all are ready to treat stage one, the foundation for freedom, but they don’t really understand the other stages, and that’s really what entrepreneurs want. So if you want to work in this market, it’s very important for you to understand what you can do to help. The difference is often for an entrepreneur, a three to five multiplier versus 15, the level one or stage one to stage four. And this is where it gets really exciting. Louis Diamond: This would be a question for John. You found, and he’s mentioned it, that only 5.4% of entrepreneurs operate as architects versus optimizers. Can you explain the difference between those two personas? John Bowen: Well, I’m going to set up the research and let Dan really bring it home. But Dan and I came up with this framework, The Greater Game and the 10 Multipliers, and we’ve got that and we’re putting it in order and we wanted to really confirm. And everything we do is empirical research. So we reached out to 1,000 very successful entrepreneurs, 1,016. And it became very clear that the 5.4% of them were actually executing on all these levels and they were just distancing everyone else. And what we came up with, and Dan mentioned it earlier, that his book, 10x Is Easier Than 2x, but we said, what we’re seeing… and we’ve got a whole bunch, I think it’s 26 stories in the book of entrepreneurs, we’re seeing so many people blow this out that 100x is easier than 2x, and it forces a whole different mindset where if you’re optimizing, you’re kind of looking incrementally. But when you step back as an architect, big picture, wow, huge opportunity, both for entrepreneurs and advisors that are entrepreneurs to make a real big difference. This is something you’ve really coached to and had the privilege of working with thousands of entrepreneurs helping them on that journey. Dan Sullivan: Yeah. One of the things that was confusing for me, Lou, when I first started coaching, because everybody who came in to coach, you remember when you came into your first Chicago workshop, that everybody in the room was motivated. I’m not a motivational speaker. I don’t have to motivate the entrepreneurs who are in Coach. They’re already motivated. The problem is the focus of their ambition and focus. And what we discovered was that there were two types that showed up. I didn’t really understand it, but they’re what I call status-oriented entrepreneurs. And what they are when they were a kid, they didn’t have anything. Their family wasn’t at the top of the pole. When they were born, they grew up in a certain community, but there were certain people who lived in the right part of town and they had really big houses and everything about their lifestyle was way above everybody else in the lifestyle. And they saw the lack of what they had, because of the way they were born, that they were going to match it. But the matching was based in not only what the big home looks like. They’ve got other homes, they’ve got vacation homes. They belong to clubs. There’s clubs for the winners, and the losers aren’t part of those clubs, golf courses and boating clubs and everything else. And what I noticed was their motivation was simply to get to that point where they had the same sort of status. And they’re interesting for a while, but once they’ve gotten to that level of status, they’re not interesting anymore. They go on cruise control at that point and they just want to stay within that framework. But the really interesting entrepreneurs, and we really highlight them in the book, it’s just about growth. So when they get to one level, they say, “That’s great. Okay, now I’ve got a new baseline and now I want to grow even further.” And we have one story, very, very interesting. When he came into my Chicago workshop, I met him and he said, “I’ve got a big engineering company.” This is Paul VanDuyne. He’s out of the Quad City area of Iowa. And he says, “My ambition for your program is for three years, I’m just going to plan my retirement.” And I said, “Well, we’ve got some thoughts about that.” So I said, “Just do your first workshop and we’ll talk about it 90 days from now.” And he came back and he had an entirely different game plan, and he’s grown basically 250 times in his last 13 years. He’s completely transformed the industry that he’s in and he had this growth. So what we’re looking for in The Greater Game, we’re looking for those entrepreneurs who are already successful, but they don’t see any stopping point. They’ll grow to one level and then they say, “Okay, that’s the new baseline. Now I grow to another level.” Meanwhile, three years ago, what happened is the world got a new capability called AI. AI, you’re not talking 10x. If you use it properly… a lot of people are in the very early stages here, but we can see the ones who are applying it for growth. John has set up an entire research structure just to measure the people, and what are the people who are just motivated by growth? They don’t see any stopping point. They don’t see any retirement age. They’re just growing. They’re in better health now than they were when they started their ambition. One of the great breakthroughs we’re having now is the impact of AI on physical fitness and health right now. And so you have 70-year-olds now who are way more ambitious at 70 than they were at 50. So we think a whole new world is being created in front of us, but there isn’t the research to measure what the real winners of this new game are actually doing. And The Greater Game is a lot of Strategic Coach thinking tools, but it’s also the phenomenal research that John is doing, and we’re measuring exactly what are these people who just constantly grow, what are they actually doing? John Bowen: Louis, if I can jump in, I want to go back to Paul just for a second because he was going to do something classical, and Dan is also my coach and I was going to do something similar. Paul told Dan that he was going to retire at 65, and his wife. And he were going to open up a little mom-and-pop coffee shop. And the reason so many of the entrepreneurs are caught in the 2x optimization is they’re grinding it out. They’re working harder to be more successful and the desire to do that isn’t very high. That’s why you retire. On the other hand, what we found, the ones working on 100x are building platforms and ecosystems. They’re architected. And as we were writing the book, CEG grew by 58%. I’m going to give a lot of credit to the book, because as Dan and I were working on the processes, I wanted to walk all the talks. This is where the world is changing. I want everybody to think as a financial advisor, you’re being served twice, one with The Greater Game, they don’t care about a few basis points on returns. That’s table stakes. So much of the level one is taking care of the investment side, mitigating taxes, taking care of the areas, protecting the assets, some charitable planning, maybe shoot in some succession planning. I can tell you only 6% of the entrepreneurs actually feel they’re getting that from you, but that’s only level one. If you can help them from each of the stages, stage one through four, and help them create that vision, they’re going to love you to death. Because many of them want to continue in this path and create tremendous value, bigger impact, not creating legacies in the sense of enduring legacies, but active legacies. Last year, my wife and I set up a private foundation. I called it The Greater Game Foundation. I just love this so much, the difference that you can make, and I want to do it while I’m living, not while I’m gone type of thing. I think that’s one Dan and I very much share. Louis Diamond: Awesome. You wrote the book 10x Is Easier Than 2x, but now you’re claiming 100x is easier than 2x. How can that be the case? Dan Sullivan: The interesting thing, one of my points of proof on the original idea, the 10x Mind Expander, I use a lot of what the entrepreneurs have already done to prove the future. In other words, I said… You’ll remember the exercise, Lou. And I said, “I want you to pick your best number.” Everybody’s got a best number. It’s revenue, it’s net worth, whatever. And I said, “I just want you to multiply by 10.” And immediately there’s this reaction. He says, “You know how hard it was to get to just where I am 10 times?” And I said, “Well, you’ve already done 10 times. You’ve probably done 10 times twice. So let’s go back to the beginning. When were you 1/10 of where you are right now?” And they can nail it. They can tell you the year, they can tell you the month when they were 1/10 of where they were. And I said, “Let’s write the actual structure that got you from 1/10 to where you are right now.” And there’s five stages, and usually it’s an event, it’s a new relationship and all of a sudden they get a big check. And we measure, as entrepreneurs, size of check is a good scorecard. When you’re first starting, you got a $10,000 check, that was the biggest check. But about five years later, you get a $100,000 check, and all of a sudden it seems strange at breakfast, but by dinner you’ve normalized the idea, “Well, I know what it’s like to get a much bigger check, a 10 times check.” And so I have them create five growth stages that took them from where they were 1/10 to where they are right now, and I said, “Now let’s go back and talk about doing 10 times more.” And what they recognize, 80% who’ve got them 10 times the first time is going to be the same. It’s relationship, it’s having a great team, it’s having a simple approach that always works and it’s about the kind end customer. It’s not about them. It’s about who is it that you’re being a hero to in the marketplace. Because the truth is people don’t want to have a lot of relationships as they grow. They’d like to have one relationship to grow. They’d like to have an advisor who’s growing with them. But then John introduced me to the whole world of AI and I said, “We’re not talking 10 times anymore. We’re talking 100 times.” I said, “If you apply this new form of thinking, because it is an entirely new form of thinking, to what you’re doing right now, you can see that 10 times is going to happen just by doing three or four things where you’re eliminating waste, you’re eliminating things that just don’t work anymore, changing relationships, changing teamwork, changing collaborations in the marketplace.” But meanwhile, this new world of thinking is making you healthier. It’s making you more fit. So where before you thought you wouldn’t have the energy at 70, you now have more energy at 70 than you had at 50. So you’re the only one who says when it’s going to stop. I’m 82 in three weeks. We’re having this… I’m 82 and I’m way more ambitious at 82 than I was at 52. And the world is, because the world outside in terms of technological capability and access is way, way bigger in my 82nd year than it was in my 52nd year, and I love the growth. I have to tell you that the greatest point where AI is going to have the impact is going to be making money. The big titans, the Metas, the Googles, the Nvidias, what do they have in common? It’s about the money and where AI is being applied most is how you do new things with money. So that’s where the 100 times now comes from. I’ve normalized it. I said, “We’re not talking a 10x game anymore. We’re talking 100x game.” But the number on the scoreboard isn’t the issue. The scoreboard is, are you actually having fun? Louis Diamond: Yeah, we call it living your best business life. That’s our major barometer in charge. John, I don’t know if you could pull up your slides again, but I want to talk about the bridge between stage two in your pyramid to stage three. So that’s from expertise into scalable property. Can you explain how this relates to a financial advisor or an independent business owner and why this concept is so important for the valuation of a business? John Bowen: The book, it’s written for entrepreneurs, but I wanted to create some bridges while we’re together with Louis on really what’s going on for financial advisors and how you can help them. So if they’re at our stage one, Dan and my stage one of The Greater Game, and they want to go to two, they’re kind of dreaming oftentimes, and we want to help them begin creating the architectural structure. And as an advisor, this is really going to encourage everybody to read chapter two, The Greater Security. It talks about really the VFO, Virtual Family Office structure that they want, and you got to help them get financially solid, building personal wealth outside of the business, tax, estate, insurance, business structure. That’s what we all do today. Then though, if they want to move from level two to three, what we find over and over again, advisors are not equipped to do this, because what we’re taking is that founder where everything’s in its head, we’re now helping them move from just having that expertise to having scalable property. This is that codifying the process of building IP that’s transferable. And this is where the real valuation changes. Now, I’m not asking financial advisors to be the IP experts, but what the entrepreneurs want is they want somebody to help them curate and then coordinate between each of these levels. We go from three to four that the founder is indispensable, oftentimes at three. Now we want the team there to be invincible. And it’s not just the individual team as Dan was talking about. It’s the community. The collaboration is where this really takes off. The noise of AI is making it harder to market, but by partnering, particularly as financial advisors, we can very quickly have groups. One of the reasons why I’m collaborating with Dan, I want to help our financial advisors to work with entrepreneurs. Dan wants that research. So this is the natural collaboration. But they’re interested here in governance, self-managing teams. One of the things that Strategic Coach is brilliant at, the pre-transaction they want. And what we find so often is the indispensable discount. So many businesses sell, if they sell at all, they’re selling for three to five times multiplier, not advisory, but traditional businesses. Well, if you can make it to four, all of a sudden you’re now talking to 10 to 15 times multipliers. And think of it as if I’m a buyer and I’ve been involved in 50-some transactions, what happens is if the business is the guy, the gal, they’re the business, then you’re buying a very expensive job type thing. So let’s just keep a simple one. They’re having a couple million dollars of EBITDA. And let’s say the high range of that, five times EBITDA is $10 million. Well, the difference at 15 times two million is 30. Now, a few basis points I don’t really care about. I really care about capturing that difference. And because there’s a machine working without, I can buy that machine and generate that cash flow and it’s also taking advantage of the vision. And then when we get to level four, this is where most advisors make the biggest mistake is, “I’ve won. I’m at level four. I’ve got tremendous wealth.” Okay, but I’m now looking at significance. And I do want to go, “It’s not enduring legacy I’m looking for. I’m looking for active legacy. I’m looking for family governance.” Do I want to continue to build it like Dan and I’m doing at 70? I’m building the business so I can continue doing it as long as I want to do it. At the same time, and I love the impact we have and I know you do too, Louis, for the impact you have. Why not build the platform that’s going to allow you to do that as long as you want to do that? And if you don’t want to do it, let’s create the most value to transfer. When you start having conversations like that with families, entrepreneur families, it just changes, and very few advisors can do that. And that’s what we’re finding. We have a coaching company, training company, we train those things. They’re winning, quite honestly, almost 100% of the time because entrepreneurs didn’t know that was available to them. Louis Diamond: Interesting. It seems like the difference between stage two in your pyramid, to leap to stage three or four, that seems like a pretty massive pivot point for valuation for building a scalable business, having a self-managing company, et cetera. Do you find or have you seen that advisors or entrepreneurs that are in stage two themselves, they kind of pattern-match when they’re working with their own clients and kind of manage their own clients into stage two, or is it not really connected? John Bowen: I think that once you get the bigger picture and see the greater game, you can help your clients. That is a very small percentage. Remember, it was only 5.4 of when we surveyed successful entrepreneurs were actually playing the greater game, all four levels, the 10 greater multipliers. So I think what we tend to do is we get stuck on what we can do. And all the training is for level one for financial advisors. We don’t know how to guide them through the other levels. And really, the big difference from two to three, Dan and I’ve talked about this a lot, and I think Dan’s one of the biggest champions of this, is collaboration, putting together strategic partnerships. It could be with your competitors. This is for entrepreneurs, competitors, it could be various vendor partnerships. But the ability to open up markets that way when you have now put together in level two your IP, value creation’s huge. For advisors, it’s putting together partnerships with centers of influence. When we survey top financial advisors, 70% of their best clients came through COI, Centers of Influence with accountants, attorneys, investment bankers, and so on. Well, let’s do it on purpose, be successful on purpose. Louis Diamond: Dan, question for you. In all your experience working with successful financial advisors, insurance producers, probably any entrepreneur, what do you feel are the most common things that folks do unintentionally to really hurt their enterprise value even long before, or if ever, they decide to sell their business? Dan Sullivan: Yeah, I think the biggest thing is they stay entirely within their industry. One of the first questions that we ask our entrepreneurs when they come into the program and where you see it most is in the professions: lawyers, accountants, engineers, architects. I’ll say, “Well, what is it that you are?” And they’ll say, “Well, I’m a lawyer. I’m a tax lawyer.” And I said, “Are you a tax lawyer or are you an entrepreneur who has a specialty in tax law?” Okay. It makes a big difference, because if you see yourself as a tax lawyer, then you’re saying that you’re a better paid factory worker. You’re a manual laborer. But if you’re an entrepreneur, it’s a fairly recent idea in human history. There’s always been entrepreneurs, but it wasn’t until about the beginning of the 1800s that you start seeing this really different class of people in the marketplace, who, it didn’t matter how they were born, they were taking advantage of some new multiplier technology. Steam power being a great example. Around 1800, steam power came on. And anybody who had a bright vision for themselves and had the wherewithal to figure out what needs could be satisfied with a new technology, all of a sudden they became rich. They became rich. And it was very disruptive, because up until then it was based on aristocracy and you were born into wealth or you were born into poverty. There was no crossover. So what we’re saying is anybody who comes into Strategic Coach, I said, “I’m not going to tell you anything about your particular industry.” I said, “You know all the best practice people in your industry and they have workshops and they have conferences and you go to them, but they don’t know how to be entrepreneurs. You know how to create a really well-paying job, but you haven’t created a company.” A company is a totally different realm and I would say the vast majority of entrepreneurs, 95% of entrepreneurs haven’t really created a company. They’ve just created a really well-paying job which requires their presence and their attendance. I said, “You don’t get any payout for your company. If you’re the company, you need to have a structure.” I’ll give you an example. We started the company in 1989, and we’re about 270 times what our first year revenues were, and that was a great year. I was very happy for the first year, but we’re about 270 times. Along the way, what I did is I created other coaches so it wasn’t just Dan, the coach. So we have 16 other coaches. And I’ll give you a little example. In 1994, that year our company did 144 workshop days, 36 per quarter. One coach: me. Last year we did 600 workshop days and I did 12. 588 were done by other coaches. And our coaches are great. They’re clients who have coaching instincts and they do it. So about four years ago, I met one of our clients who’s an M&A specialist, and I laid out all the facts just in conversation, “This is our revenues. We have no debt. It’s repeatable income, around 70% is repeatable for one year.” I put the whole structure together. And I said, “So right off the top, I don’t have any relatives on staff.” The first thing they look for, “Any relatives working for you?” And he gave me a number. It was a big number. It was probably four times revenue for that year. He said, “We got a lot of structures.” Then something happened in the marketplace, and this is a great breakthrough that the US Patent Office sometime in the last 10 years recognized that up until about 10 years ago, to get a patent, you had to have a technological component for what you were doing. Sometime in the last 10 years, the patent bureaus decided that the internet is the technological component. So they’ve introduced education and entertainment as patentable processes. So in the last three years, we’ve gotten 82 patents. 82 patents. And these are our thinking tools, Lifetime Extender, Free Focus and Buffer Days. You know the routine that you learn in the first three days, and we’ve got 82 of them. We’re averaging about 25. I get a new patent about every two weeks. So I saw this M&A specialist, and I said, “This has happened in the last three years.” And he said, “Immediately it doubles the valuation of your company.” So what John’s saying here, as you go through the four stages, more and more you get paid for your creativity, retail, you get paid for your retail. But if you structure it, you record it, you package it, it is even greater than what you got paid for your creativity. Louis Diamond: Super interesting personal anecdote, and I appreciate you sharing that because that definitely did drive the point home for me. I see the applicability to probably any industry, but especially to any financial advisor. Dan Sullivan: Oh, yeah. Louis Diamond: The best RIA firms, the best advisors, they pretty much all start off with a cult of personality founder who’s the rainmaker. And then the practices that really grow and scale and are valuable are more platforms. That’s what private equity wants to invest in. And those are the firms that get the higher multiples. Dan Sullivan: Yeah. So the big thing is there’s a really, really great IP lawyer. He’s in our program and he’s made the breakthrough, and he’s the first IP lawyer that doesn’t charge by the hour. He charges by the patent. If the IP lawyer charges by the hour, it’s a very slow patent. If he charges by the patent, it’s a very fast patent. But the big thing, he showed a slide that in just big corporations, 1980, you took big corp, Fortune 500, the S&P 500, more than 80% of their valuation was tangible. It was property, it was real estate, it was fleets, it was equipment. Last year, more than 80% were intangibles. It was your ideas, intellectual. If you look at Elon Musk, it’s all intellectual capital. If you look at Meta, you look at anything, it’s intellectual. It’s not tangibles. So we’ve entered into that new world and AI has introduced us to that new world. It’s new processes, new structures, new approaches and it’s really interesting. It’s hard for entrepreneurs to get their idea that your creativity is actually property. Louis Diamond: It sounds like the ultimate challenge for anyone listening is translate your process, your ideas, the stuff that you’re doing by instinct as you both had said, and turn it into something patentable or something repeatable that another advisor, another executive, another owner can pick up and deploy and scale. John Bowen: We share the process in chapter four. It’s the fourth greater multiplier. And we actually share Caldwell, the attorney that Dan’s talking about, his story and the value creation. He’s now the major player in that space. And this is where we as advisors, we’re given a twofer, Dan and Louis, is that you can help your clients, but you can do this yourself too. You’ve been involved in a number of large transactions. The difference, I had a $2 billion advisory practice I sold in ’98, and we sold for 16 times earnings. And a big part of it, we were in that blue ocean. We had agents that we created and strategic process that would run without me, and it did type thing. And it continued to grow and went for about 10 fold what I sold for a number of years later. This is something that’s very real. Louis Diamond: Absolutely. I got two more questions for you guys because I know you’re both busy. For an advisor who feels like they’ve won the growth game, they grow 10, 15, 20% per year, they’re charged up, they’re on the Barron’s list, the Forbes list, they’re hitting their AUM milestones, they built an amazing team, they have a family member in the business. They have everything that anyone could want. What does the next game look like for them? What’s the next frontier once you’ve achieved all those things that from the outside looking in, seems like you have it all? What’s the next game to play? John Bowen: Well, we’re going to both say The Greater Game, but the- Dan Sullivan: Well, tell them about the dashboard, John, because the book is just part of the deal here. It gives you the landscape. There’s a great tool that comes with the book. So tell them about the dashboard. John Bowen: Really what we wanted to do is to create kind of a community just around the book. Dan and I and team built a dashboard. We were very creative on naming, thegreatergamedashboard.com. You can go in and we’re now studying every month over 500 successful entrepreneurs. We have that data in here. You’ll be able to see how you compare at each of these stages, the four stages, the 10 multipliers. And you’re going to get specific recommendations. This is for entrepreneurs. But again, you should do it. If you’re a financial advisor, you have an equity ownership, you should definitely be doing it as well. And one of the things that we see over and over again, and Louis, you probably see this a lot in the conversations. They have advisors who have already won. They don’t know what the next game is. And it’s easy to check out at that point. It’s easy to frustrate the next generation of leaders and so on. If you take the time to really see what the opportunities are and architect to realize that vision, you can create, whether it’s selling the practice, creating tremendous value there or designing a role for yourself, maybe it’s executive chairman type for that business that you can guide it with the vision and what you’ve brought and strategy. But bring that team up. That’s going to create so much value, so much impact and you can design it for the life that you want. And that’s where I get very excited. Louis Diamond: I can hear the passion in your voice. Dan, let’s finish with you. Given all of your experience working with entrepreneurs, advisors, business owners, et cetera, what’s the one move that you’ve seen the most successful entrepreneurs in your orbit make that’s changed the trajectory of their firms and their life more than anything else? Dan Sullivan: I’ll answer it in a little roundabout way. Periodically, I have a thinking tool. I said, “If everything was taken away from you as an entrepreneur and they moved you 1,000 miles away, what’s the one thing that you would take with you? It has to be portable. So what is the most portable thing that you have that you would start over again with the greatest value that you had created previously? What would it be? And then you would rebuild what you’ve already created, but you would do it much faster. What would be the one thing?” It’s an interesting thought. But in our concept, it’s called unique ability, that there’s something about you, as an individual, that first of all gave you enough confidence to become an entrepreneur because it’s risky. It’s a risky proposition. It’s guessing and betting and it’s risky business and it’s unique ability. So the starting point for all growth in Strategic Coach is that there’s something about you that’s absolutely unique. You don’t have any competitors on this and it has two qualities. One is that you’re so good at it, you don’t take it seriously. You’ve done this since you were a child and it just comes to you naturally and you don’t see the significance of it. When you’re in Coach, you start seeing the significance of it. And the second thing is you just absolutely love doing it. It’s what you love doing most of all. It comes to you naturally. You don’t even have to think about it. And then you begin to realize that anything else you’re doing as the founder and the owner of your company, probably somebody else can do. So you’re doing 20 things, but really you should be doing three things. The other 17 things still need to be done but not by you. And that’s the breakthrough. You have to simplify in order to multiply. Louis Diamond: I absolutely love that. I know when I was in Coach, that was my biggest takeaway or realization was figuring out what my unique ability was because I think the two components,

The Disciplined Investor
TDI Podcast: Risk Happens Fast (#976)

The Disciplined Investor

Play Episode Listen Later Jun 7, 2026 53:39


Buy in May and Let's Stay! Market concentration getting more concentrated. Eco reports – looking fresh. Looking into the Ratchet Trade with our Guest- IBKR's Chief Market Strategist – Steve Sosnick.   NEW! DOWNLOAD THIS EPISODE’S AI GENERATED SHOW NOTES (Guest Segment) Steve is the Chief Strategist at Interactive Brokers.  He also serves as Head Trader of IBKR Securities Services, the firm's trading division (formerly known as Timber Hill), and is a Member of Interactive Brokers Group, the firm's holding company. Steve has held numerous roles in the organization since joining Timber Hill in 1995 as Equity Risk Manager and an options market maker.  He led the firm into Canada in 1998 and managed Timber Hill Canada throughout its existence.  Much of Steve's career was spent quietly developing and implementing algorithmic and electronic trading strategies for stocks and options before moving into a more visible role as Chief Options Strategist and later Chief Strategist. Steve has guest authored several columns in Barron's and made numerous live appearances on Bloomberg TV and Radio, CNBC. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE Stocks mentioned in this episode: (MSFT), (AMZN), (SPY), (IWM), (RSP)

The Bulwark Podcast
Stephanie Ruhle: The Trump Family's Massive Side Hustle

The Bulwark Podcast

Play Episode Listen Later Jun 5, 2026 60:27


The corruption in the Trump administration is so shameless and so abundant that neither the media nor regular people can keep up. While Ivanka's purchase of a private “fixer-upper” island is getting a lot of attention (aside from infuriated Albanians), the private equity deals her husband is making while supposedly negotiating Middle East peace are not. Trump himself has never had so much money—including from the top businesses paying to play—that the corrupt generational wealth he's creating will even be around for Barron's great-grandkids to enjoy. Dems need to start connecting the dots now. Plus, Bill Cassidy is putting his future lobbying career ahead of the American people, no one should ever count Pelosi out, and Tim says Platner is looking like a risky choice.Stephanie Ruhle joins Tim Miller for the weekend pod.show notes Joe on Trump's stock trades  Tim on Cassidy protecting Trump's $1.8 fund  Tim's playlist

BardsFM
Ep4130_BardsFM - The Wedding At Little Pipe Clay That No One Is Talking About

BardsFM

Play Episode Listen Later May 28, 2026 74:20


Don Trump Jr just married Bettina Anderson on May 21, with a ceremony at a private island called Little Pipe Clay in the Bahamas on May 23. Bettina's family was there, Don's siblings where there but absent was President Trump, Melania and Barron. The event was a blip on the news cycle.  In the circles of the elites nothing is coincidence. And once I started digging on this rabbit hole, I was left with more questions than answers.  #BardsFM #LittlePipeClay #EmpireBuilding Bards Nation Health Store: www.bardsnationhealth.com MYPillow promo code: BARDS >> Go to https://www.mypillow.com/bards and use the promo code BARDS or... Call 1-800-975-2939.  EMPShield protect your vehicles and home. Promo code BARDS: Click here Treadlite Broadforks...best garden tool EVER. Promo code BARDS26: TreadliteBroadforks.com EnviroKlenz Air Purification, promo code BARDS to save 10%: www.enviroklenz.com Morning Intro Music Provided by Brian Kahanek: www.briankahanek.com Founders Bible 20% discount code: BARDS >>> TheFoundersBible.com Windblown Media 20% Discount with promo code BARDS: windblownmedia.com White Oak Pastures Grassfed Meats, Get $20 off any order $150 or more. Promo Code BARDS: www.whiteoakpastures.com/BARDS Mission Darkness Faraday Bags and RF Shielding. Promo code BARDS: Click here If you wish to support this podcast directly you can donate here... DONATE: Click here Mailing Address: Xpedition Cafe, LLC Attn. Scott Kesterson 591 E Central Ave, #740 Sutherlin, OR  97479