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3 episodes with bob farrell
6 episodes with bob farrell
2 episodes with bob farrell
2 episodes with bob farrell
2 episodes with bob farrell
2 episodes with bob farrell
2 episodes with bob farrell
2 episodes with bob farrell
2 episodes with bob farrell
Today's guest is Chuck Clough, Chief Investment Officer of Clough Capital. Chuck is well known from his time as the Chief Global Investment Strategist at Merrill Lynch until 2000 and has spent over six decades in finance. In today's episode, Chuck shares insights from his illustrious career, reflecting on the challenges of the 1970s and the market crash of 1987. Chuck explains what it was like to be bearish during the dot-com bubble and watch Cisco go up 6x after he turned bearish, only to then decline by 95%. He compares the current stock market to the dot-com bubble, talks about the impact of AI on various sectors, and finishes with lessons from working alongside legends like Bob Farrell & Richard Bernstein. (0:00) Starts (0:34) Sponsor: Farmland LP (1:40) Introduction of Chuck Clough (5:14) 1970s inflation (11:57) Comparing the 1999 dot-com bubble to today (14:08) Predictions for AI companies (24:13) Clough Capital and views on China (28:09) Interest rates, inflation, and demographics (33:09) Savings, investment, and the productivity impact of AI (38:30) Investment opportunities in various industries (47:11) Contrarian views (50:50) Financial market surprises (56:37) Chuck's most memorable investment ----- For detailed show notes, click here ----- Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. Register here for their webinar on March 12. ----- Follow Meb on X, LinkedIn and YouTube To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). The Clough ETFs are distributed by Paralel Distributors, LLC. Paralel Distributors, LLC and Clough Capital Partners L.P. are not affiliated. Please read Clough Capital's disclosures and a prospectus at cloughetfs.com/disclosures before investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
The stock market has seen two consecutive years of 20% returns. Will it see similar returns this year? Highly unlikely, cautions portfolio manager Lance Roberts. Complacent bulls hoping for a repeat performance may well find themselves disappointed with 2025. We discuss the reasons why, the latest market technicals, the potential impact of domestic terrorist acts could have on the financial markets, and Bob Farrell's Top 10 Investment Rules on today's program. For everything that mattered to markets this week, watch this Market Recap. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
2024 is over so we're going to share a 2024 wrap up! We explore reflections on the holiday season and its implications for financial markets. We share some touching on lighthearted holiday moments. And we also talk some broader topics such as the role of resilience in success and more! Join us as we wrap up 2024. Today we discuss... Low trading volume during the holidays is an opportunity to find potential deals, though the speaker suggests this may not be worth pursuing for most. The annual "best year ever" planning process, focusing on setting clear, intentional goals and narrowing down focus to a single word or goal for the year. A lesson from Jensen Huang, CEO of Nvidia, stressing the importance of pain and suffering in building resilience and character. 2025 could be a rough year, urging reflection and resilience as part of the process of preparing for the challenges ahead. The steady rise in the average age of parents at birth, which correlates with broader economic trends, including rising dual-income households. The challenges of wage growth compared to the rising costs of living, and how it's harder to keep up financially. The divergence between real wages of good-producing workers and major sector productivity. Whether job market softness is causative or correlational, with significant revisions indicating weaker-than-expected job numbers. Housing costs are rising, but 52% of newly constructed apartments in Q2 of 2024 were rented within three months, which is down significantly from 2021. The cost of buying a home is now higher compared to renting in many cases, yet new apartments are not renting out quickly. A rise in homelessness by 18% in the past year, reflecting growing social strain. Market trends, including the disparity between intraday and overnight trading, highlight inefficiencies in market timing. A nod to Bob Farrell's "10 rules for the stock market," emphasizing the cyclical nature of markets and the dominance of sentiment over fundamentals. Emotions often drive investments, and people are drawn to trends like cryptocurrency, regardless of logical fundamentals. Cryptocurrency's rise defies fundamental analysis and is driven by factors beyond traditional market metrics. Successful investing requires understanding both fundamentals and technical analysis, with the latter helping to determine optimal entry points. A trading journal can help track investments, reasons for purchasing, and exit strategies to avoid emotional decision-making. Uncertainty in the market should be managed through thoughtful strategy reviews. For more information, visit the show notes at https://moneytreepodcast.com/2024-wrap-up-673 Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | ProCollege Planners Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast
This is a mash-up of previously broadcast show audio, from Tuesday (12/10) and Monday (12/16): Lance discusses why the NFIB Small Business Index matters (and what it is saying); the NFIB Confidence Index; expectatinos vs actual sales; they always fall short of expectations. Why tariffs are a benefit to small businesses. Outlook is very positive following Trump re-election (most small business owners are conservatively oriented.) Stocks vs Bonds: Earnings growth expectations are too high; what happens if we don't meet them? It was easy managing money this year... A review of Bob Farrell's Ten Investment Rules, with a focus on #9: When all experts agree... Lance reviews how the Economic Cycle works; if economy continues to grow at 3%, inflation will remain sticky. Likely no 30% returns in 2025; what are the causes for concern: When everyone agrees on a positive outlook. A YouTube viewer accuses us of using fake data: The DATA is what the markets pay attention to. Why YOU'RE to blame for Bed, Bath & Beyond's failures & other store closings. Why our childrens' expectations are too expensive. How funky mortgages increase house prices. Why the minimum wage is really zero. SEG-1: Why the NFIB Small Business Index Matters SEG-2: What If We Don't Meet 2025 Expectations? SEG-3: How the Economic Cycle Works SEG-4: Our Data is Fake?? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=tTJNZ1ndXpI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles mentioned in this report: "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "Oil Prices Continue to Struggle," is here: https://www.youtube.com/watch?v=tFaqEHbneAw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Looking Ahead to 2025: Realize Gains ro Change Exposure?" https://www.youtube.com/watch?v=N64pdQl_lJ4&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Microstrategies #SP100 #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing
Post-election consumer confidence is rocketing higher. Inflation Data is coming: CPI & PPI which will be digested in time for next week's Fed meeting. Inflation numbers are likely to tick up from YOY comparisons. Portfolio re-balancing commences. What does financial success look like? Lance and Jonathan review the answers by-generations. Stocks vs Bonds: Earnings growth expectations are too high; what happens if we don't meet them? It was easy managing money this year... A redview of Bob Farrell's Ten Investment Rules, with a focus on #9: When all experts agree... Tax-loss Harvesting & RMD's: Do it now. (Why you shoul;dn't wait until after Christmas.) Understanding the Wash-Sale Rule; speculate in taxable accounts, not IRA's and 401-k's. SEG-1: Post-election Confidence & Portfolio Re-balancing SEG-2: What Financial Success Looks Like - not SEG-3: What If We Don't Meet 2025 Expectations? SEG-4: Tax Loss Harvesting & RMD's - Do It Now Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=nASrF7t64kY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s ------- Articles mentioned in this report: "Portfolio Rebalancing And Valuations. Two Risks We Are Watching." https://realinvestmentadvice.com/resources/blog/portfolio-rebalancing-and-valuations-two-risks-we-are-watching/ "2025 – Do Economic Indicators Support Bullish Outlooks?" https://realinvestmentadvice.com/resources/blog/2025-do-economic-indicators-support-bullish-outlooks/ ------- The latest installment of our new feature, Before the Bell, "Will the Markets Re-balance?" is here: https://www.youtube.com/watch?v=9Z-IVRw7qXw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why Earnings Can't Outgrow the Economy" https://www.youtube.com/watch?v=vRF6slc1bew&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #PortfolioRebalancing #MarketValuations #RiskManagement #InvestmentTrends #StockMarket2024 #MarketRally #MarketCorrection #MarketExpectations #MarketVolatility #VolatilityIndex #WindowDressing #MarketTrend #PortfolioCleanUp #MarketExuberance #OverBoughtMarket #SP500 #MarketPullBack #MarketConsolidation #MutualFundDistributions #EarningsVsEconomy #MarketInsights #EconomicGrowth #CorporateProfits #InvestingWisely #MarketExpectations #PortfolioRealityCheck #InvestmentStrategy #FinancialPlanning #MarketTrends2024 #WealthManagement #MarketLeverage #SpeculationRisks #InvestmentTrends #FinancialWarnings #StockVolatility #StockMarketSpeculation #MarketVolatility #HighRiskInvesting #SpeculativeTrading #FinancialTrends2025 #TrumpAdministration #RegulatoryChanges #InvestingAdvice #Money #InvestingAdvice #Money #Investing
Post-election consumer confidence is rocketing higher. Inflation Data is coming: CPI & PPI which will be digested in time for next week's Fed meeting. Inflation numbers are likely to tick up from YOY comparisons. Portfolio re-balancing commences. What does financial success look like? Lance and Jonathan review the answers by-generations. Stocks vs Bonds: Earnings growth expectations are too high; what happens if we don't meet them? It was easy managing money this year... A review of Bob Farrell's Ten Investment Rules, with a focus on #9: When all experts agree... Tax-loss Harvesting & RMD's: Do it now. (Why you shouldn't wait until after Christmas.) Understanding the Wash-Sale Rule; speculate in taxable accounts, not IRA's and 401-k's. SEG-1: Post-election Confidence & Portfolio Re-balancing SEG-2: What Financial Success Looks Like - not SEG-3: What If We Don't Meet 2025 Expectations? SEG-4: Tax Loss Harvesting & RMD's - Do It Now Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=nASrF7t64kY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s ------- Articles mentioned in this report: "Portfolio Rebalancing And Valuations. Two Risks We Are Watching." https://realinvestmentadvice.com/resources/blog/portfolio-rebalancing-and-valuations-two-risks-we-are-watching/ "2025 – Do Economic Indicators Support Bullish Outlooks?" https://realinvestmentadvice.com/resources/blog/2025-do-economic-indicators-support-bullish-outlooks/ ------- The latest installment of our new feature, Before the Bell, "Will the Markets Re-balance?" is here: https://www.youtube.com/watch?v=9Z-IVRw7qXw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why Earnings Can't Outgrow the Economy" https://www.youtube.com/watch?v=vRF6slc1bew&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #PortfolioRebalancing #MarketValuations #RiskManagement #InvestmentTrends #StockMarket2024 #MarketRally #MarketCorrection #MarketExpectations #MarketVolatility #VolatilityIndex #WindowDressing #MarketTrend #PortfolioCleanUp #MarketExuberance #OverBoughtMarket #SP500 #MarketPullBack #MarketConsolidation #MutualFundDistributions #EarningsVsEconomy #MarketInsights #EconomicGrowth #CorporateProfits #InvestingWisely #MarketExpectations #PortfolioRealityCheck #InvestmentStrategy #FinancialPlanning #MarketTrends2024 #WealthManagement #MarketLeverage #SpeculationRisks #InvestmentTrends #FinancialWarnings #StockVolatility #StockMarketSpeculation #MarketVolatility #HighRiskInvesting #SpeculativeTrading #FinancialTrends2025 #TrumpAdministration #RegulatoryChanges #InvestingAdvice #Money #InvestingAdvice #Money #Investing
Each month, John Pasalis (Realosophy Realty) presents his latest data and top stories on Toronto area real estate in conversation with Urmi Desai (Move Smartly Editor) and guests, including Realosophy agents and our Move Smartly mortgage expert, David Larock - and you, our viewers, who join the conversation live and make this is one of our liveliest segments! Set-up a meeting with John Pasalis and his agents at Realosophy to discuss your own real estate questions privately: https://www.movesmartly.com/meetjohn Sign up for our email list to be alerted to the next online market update to join our session live chat and ask your own Qs: https://www.movesmartly.com/monthly-public-webinar Today's show links: John's latest market report for April with latest data on MoveSmartly.com:https://www.movesmartly.com/monthly-report-2024-april Dave's latest blog post on mortgage rates on MoveSmartly.com: https://www.movesmartly.com/articles/why-the-bank-of-canada-probably-wont-talk-about-rate-cuts-this-week Canada announcement for 30Y mortgages for first-time buyers of new homes: https://www.bnnbloomberg.ca/canada-to-allow-30-year-amortization-for-first-time-buyers-mortgages-on-new-homes-1.2057988 Bob Farrell's 10 rules for investing: https://school.stockcharts.com/doku.php?id=overview%3Abob_farrell_10_rules Contact Us John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: askjohn@movesmartly.com | X-Twitter: @JohnPasalis David Larock, Mortgage Broker and Analyst and Realtor | Email: dave@morplan.ca | X-Twitter: @Dave_at_IMP Urmi Desai, Editor, Move Smartly | Email: editor@movesmartly.com | X-Twitter: @MoveSmartly About This Show The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada. You can also watch this and every podcast episode on our MoveSmartly YouTube channel here: https://www.youtube.com/movesmartly If you enjoy our show and find it useful, please subscribe and leave us a positive rating on whatever platform you are watching or listening to us from - thank you!
This episode of Fill the Gap features a live Fireside Chat with special guests Robert J. Farrell and Walter Deemer moderated by Frank Teixeira, CMT, CFA. Recorded at the CMT 2024 Midwinter Retreat in Tampa, FL on February 1, 2024.This live episode of Fill the Gap breaks from our normal format with a rare glimpse at a conversation between two Wall St. Legends. Their conversation delivers a broad perspective on the industry's use of technical analysis throughout the illustrious 50 year careers as colleagues, clients, and friends. One of Institutional Investors most highly decorated research analysts and first President of The Market Technicians Association (now CMT Association), Robert J. Farrell will share insights on how he implemented the toolkit of technical analysis to understand market behavior, fund flows, positioning, price action and the character and direction of public markets. Joined by Walter Deemer, who got his start into finance on Bob's famed Merrill Lynch research team before moving to the buyside at George Tsai's Manhattan Fund during the "go-go years" of the Nifty 50, and then leading technical research at Putnam in Boston alongside other technical giants Bill Doane at Fidelity Investments and Bill Diianni at Wellington Management. These colleagues explore what it takes to be an effective contrarian investor, how to communicate technical concepts to a broad audience, and how the discipline has evolved. Enjoy Episode #37 of Fill the Gap with special guest host Frank Teixeira, CMT, CFA!Fill the Gap, hosted by David Lundgren, CMT, CFA and Tyler Wood, CMT brings veteran market analysts and money managers onto a monthly podcast. For complete show notes of every episode, visit: https://cmtassociation.org/development/podcasts/ Give us a shout:@dlundgren3333 or https://www.linkedin.com/in/david-lundgren-cmt-cfa-63b73b/@_TBone_Pickens or https://www.linkedin.com/in/tyler-wood-cmt-b8b0902/@CMTAssociation orhttps://www.linkedin.com/company/cmtassociationCMT Association is the global credentialing authority committed to advancing the discipline of technical analysis in the financial services industry. We serve members in over 137 countries. Our mission is to elevate investors mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. CMT Association formed in the late 1960s with headquarters in lower Manhattan, NY and Mumbai, India.Learn more at: www.cmtassociation.org
In this brief episode we slice into the story of a unique steak restaurant that takes customer appreciation to the next level. Following the customer service mantra coined by Bob Farrell, "give them the pickle," this restaurant engraves the names of their repeat customers on a steak knife, offering a personalized touch that turns dining into a memorable experience. Join us as we explore how this innovative gesture not only celebrates customer loyalty but also sets a new standard in creating lasting connections and unforgettable moments.This episode is a follow-up to episode 101 "Give ‘Em The Pickle – A Tale Of Exceptional Customer Service." on Bob Farrell's legendary approach to customer service, tying in the importance of personal touches in the service industry.
Economist David Rosenberg, founder and president of Rosenberg Research, shares his macroeconomic view of the economy and explains why he's not throwing in the towel on his recession call. Rosenberg highlights the importance of understanding the business cycle and the impact of interest rates. While many economists have thrown in the towel on their recession calls, Rosenberg remains in the recession camp, pointing out that the economy is weaker than the narrative suggests. He also emphasizes looking at the full picture, noting the divergences in various economic indicators. Elsewhere, Rosenberg provides insights into the Federal Reserve's rate policy and its implications for bond and equity markets. Rosenberg is bullish on bonds and explains how you could make a 20% total return in the 30-year Treasury. SPECIAL OFFER: Viewers and listeners of The Julia La Roche Show can access a free 30-day trial of Rosenberg Research with no upfront commitment. The free trial grants access to Rosenberg Research's premium service, where you'll receive complimentary macro and market insights every day. Request a trial at this link: https://hub.rosenbergresearch.com/free-trial Timestamps 00:00 Introduction, welcome, macro picture 0:54 Economists throwing in the recession towel 2:55 State of the consumer 4:15 Fiscal stimulus 6:40 Bullish on bonds, sees equity-like returns 7:30 Recession call 10:30 Bifurcation and divergencies in the markets and economy 12:00 GDP and GDI 14:00 Growth in credit card usage, epic drawdown in personal savings 15:00 Employment 22:30 Fiscal policy likely to be a drag 24:30 Household balance sheets - auto loans and credit card delinquencies 26:30 GDP likely close to flat this year 28:30 Outlook for Federal Reserve rate policy, need to go to 2.5% 35:45 Yield curve, why you could make more than 20% total return in 30-year Treasury bond 38:20 Implications equity markets if Fed cuts rates 44:30 Stock market has become a bidding war 48:27 Equity risk premium 53:33 Bob Farrell's influence 57:44 Parting thoughts
In this episode, Peter reviews Bob Farrell's story of transforming a customer's disappointment into a legacy of exceptional service with a simple pickle.This story isn't just about pickles; it's about those little extras that make customers do the happy dance.Key Takeaways:The Essence of Farrell's Ice Cream Parlor: A place of joy and nostalgia, where the excitement was palpable, and the ice cream bowls were legendary.The Pickle Incident: A regular customer's request for an extra pickle led to a moment of truth for Bob Farrell. This seemingly small detail sparked a major shift in customer service philosophy.Bob's Response: Recognizing the importance of customer satisfaction, Bob made the pickle free, symbolizing the company's commitment to going the extra mile.The "Give Them the Pickle" Philosophy: This became a metaphor for exceeding customer expectations and personalizing the service experience.Applying the Lesson: Identifying your business's "pickle" – that unique element that delights customers – is crucial for creating memorable experiences.Bob Farrell and Sweetwater's examples teach us that exceptional customer service isn't just about solving problems; it's about creating positive, unforgettable experiences. By focusing on the details, businesses can build lasting relationships and turn customers into advocates. What small gesture can your business make today to "give them the pickle"?
Listen to Bob Farrell and give em the pickle. ...FYI you wouldn't mind drop a review on the podcast where you're listning to it at, or below. https://americasbestrestaurants.live/reviewus And don't forget to check out mattplapp.live/2024 to find out how you could get massive help marketing your restaurant and building a brand that lasts. If you're ever in the Cincinnati area or Vegas, let me know. This is my cell and I always love to mee and chat with restaurant owners, 859-743-2408
One of my favorite customer service books is from legendary author and speaker Bob Farrell. In his book, ‘Give ‘Em the Pickle', he discusses how to improve client satisfaction and retention through three words, “I'll be back.” However, as Jody and I explain in this episode, to earn this phrase, one should not rely on the protocol alone. Contrarily, if you want to go above and beyond in our affairs, dare to fuse selfless service with common sense. But Dan? How do we equip our employees to do this? The answer is simple: Have a framework to empower from. Give your team the confidence to make critical decisions and proactively communicate expectations. By doing this, you can ensure your organization will give clients a reason to tell positive stories about you. Resources: Order the Book: Give 'Em the Pickle Connect with Dan: www.dancockerell.com Instagram – https://www.instagram.com/dancockerell/ LinkedIn – https://www.linkedin.com/in/dancockerell/ Facebook – www.facebook.com/dancockerellspeaker
MPulse Mobile is a digital engagement platform for payers to engage members and improve outcomes, says CEO Bob Farrell.
Bond market saying Aussie economy heading towards recession. The resolution of the debt ceiling impasse may lead to a liquidity crunch. Bob Farrell's seventh rule of investing and the tech rally. Are markets wrong on China? And are coal stocks good value or value traps?To learn about Greg's premium service Fat Tail Investment Advisory go here.For more free research, check out Money Morning Australia.Check out our YouTube Channel https://www.youtube.com/@FatTailInvestmentResearch All content is © Fat Tail Investment Research Pty Ltd All Rights Reserved.We provide general financial product advice only. The advice published by Fat Tail Investment Research has been prepared without taking into account your objectives, financial situations or needs. Before acting on our recommendations, you should consider their appropriateness to your specific investment objectives, financial situation and needs. If you are uncertain as to what your objectives and needs are, you should contact a financial adviser or stockbroker who is licensed to provide you with personal financial product advice.Financial Services GuidePlease keep this guide for future reference. A copy is available from us on request or can be downloaded from our website at fattail.com.au/financial-services-guide/. If you do not understand anything in it, or require more information, please feel free to contact us here.
On this month's podcast, Frank Congilose and Bob Farrell discuss their perspective around the country's debt ceiling and what it means for the near future. 2023-156357
Dave and Alex welcome Bob Farrell, Director of Rutgers XC/Track and Field, to the show and we talk about his journey as a runner/thrower and coach and about his work building RARE culture in the program.
(1/24/23) There's too much bearishness in the markets, which reminds us of a lyric from Loverboy, "Everyone's watching to see what you will do..." Markets have traded sideways since June 2022. Earnings Season is underway in earnest; what companies say is more important than the numbers they report; The WEF: It's really all about keeping the Rich rich; offsetting effects of private jet travel by buying carbon credits, the scam of the century. What if we replace income tax and the IRS with a National Sales Tax? The reality of corporate taxes, and who really pays them. Why Bill Gates is investing in Farmland. The Contrarian Trade: Everyone is bearish; Twitter poll: 75% say markets will be as is in 2023...or lower. Bob Farrell's Ten Investment Rules, #9: When all the experts and forecasts agree, something else is going to happen. When Mattress Mac makes a bet. SEG-1: The "Loverboy" Market SEG-2: Carbon Credits and National Sales Tax SEG-3: Why Bill Gates Buys Farmland SEG-4: The Contrarian Trade Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=o1czNgdAhPM&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell | "Markets Bullish Despite Negative Signs" is here: https://www.youtube.com/watch?v=_gUnNXjBj1k&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "Why Small Businesses Are More Optimistic" https://www.youtube.com/watch?v=mGWC75wV3nY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles mentioned in this podcast: "Contrarian Trade. Everyone Remains Bearish" https://realinvestmentadvice.com/contrarian-trade-everyone-remains-bearish/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #CarbonCredits #NationalSalesTax #Davos #WorldEconomicForum #ESG #BillGates #BobFarrell #Markets #Money #Investing
(1/24/23) There's too much bearishness in the markets, which reminds us of a lyric from Loverboy, "Everyone's watching to see what you will do..." Markets have traded sideways since June 2022. Earnings Season is underway in earnest; what companies say is more important than the numbers they report; The WEF: It's really all about keeping the Rich rich; offsetting effects of private jet travel by buying carbon credits, the scam of the century. What if we replace income tax and the IRS with a National Sales Tax? The reality of corporate taxes, and who really pays them. Why Bill Gates is investing in Farmland. The Contrarian Trade: Everyone is bearish; Twitter poll: 75% say markets will be as is in 2023...or lower. Bob Farrell's Ten Investment Rules, #9: When all the experts and forecasts agree, something else is going to happen. When Mattress Mac makes a bet. SEG-1: The "Loverboy" Market SEG-2: Carbon Credits and National Sales Tax SEG-3: Why Bill Gates Buys Farmland SEG-4: The Contrarian Trade Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=o1czNgdAhPM&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell | "Markets Bullish Despite Negative Signs" is here: https://www.youtube.com/watch?v=_gUnNXjBj1k&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "Why Small Businesses Are More Optimistic" https://www.youtube.com/watch?v=mGWC75wV3nY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles mentioned in this podcast: "Contrarian Trade. Everyone Remains Bearish" https://realinvestmentadvice.com/contrarian-trade-everyone-remains-bearish/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #CarbonCredits #NationalSalesTax #Davos #WorldEconomicForum #ESG #BillGates #BobFarrell #Markets #Money #Investing
This week on The Firefighter Training Podcast We interview a photojournalist who worked in the providence RI area and beyond. We get a perspective that we do not normally have. Bob is a true professional and has responded to hundreds if not thousands of fires and some major incidents such as 9/11, Sandy Hook. The station Nightclub, the Boston Bombing, just to name a few. Bob also created a promotional video for the providence fire department during "the old days" when fires were plentiful and he was shooting actual video tape. https://youtu.be/9EeUqTE1E0A
On this episode Frank Congilose and Bob Farrell discuss the current state of the market as we enter the 4th quarter of 2022. Frank and Bob reflect on how the year has been so far and provide and outlook and insight on where we could be headed.
Computerized Left Ventricular Hypertrophy Detection Guest: Bob Farrell, Ph.D. Hosts: Anthony H. Kashou, M.D. (@anthonykashoumd) When the heart in the human body's source to pump blood has decreased, it is referred to as the left ventricle. Furthermore, the hypertrophy or the heart's wall eventually loses its firmness, which leads to a higher risk of hypertension or high blood pressure. Often, the heart tends to lose its ability to pump blood. In addition, some signs to stay aware of are feeling fatigued, dizziness, fainting, and frequent chest pain. Patients affected by Left Ventricular Hypertrophy are more at risk of becoming diagnosed if they experience decreased or increased heart rhythm signals or congestive heart failure. Therefore, when the doctor recommends testing, an Electrocardiogram is used to record signals to test the heart rhythm and abnormalities. In addition, an MRI or Echocardiogram is used to test Computerized Left Ventricular Hypertrophy as well. Joining us today to discuss Computerized Left Ventricular Hypertrophy Detection is Bob Farrell, M.D., professor of medicine at Queen's University in Kingston, Ontario, Canada. Furthermore, Dr. Farrell is currently a member of the board of directors of the International Society of Computerized Electrocardiology. Specific topics discussed: With other modalities available to clinicians (e.g., echo, cardiac MR), is ECG still relevant in the discussion of LVH? You have recently made some updates in the GE “12SL” program related to LVH. What drove the changes that you made? Customer feedback, opaqueness of the criteria, ACC/AHA recommendations to manufacturers So what were the changes you made? How did you pick which of the many criteria out there to use and how important was it to explicitly list the positive criteria in the interpretation? You mentioned earlier that ECG-LVH is an entity in its own right and is associated with poorer outcomes. Can you talk about ECG-LVH and risk prediction, and how the changes you've made in the GE 12SL program aid in the risk prediction? Connect with Mayo Clinic's Cardiovascular Continuing Medical Education online at https://cveducation.mayo.edu or on Twitter @MayoClinicCV and @MayoCVservices. Facebook: MayoCVservices LinkedIn: Mayo Clinic Cardiovascular Services NEW Cardiovascular Education App: The Mayo Clinic Cardiovascular CME App is an innovative educational platform that features cardiology-focused continuing medical education wherever and whenever you need it. Use this app to access other free content and browse upcoming courses. Download it for free in Apple or Google stores today! No CME credit offered for this episode. Podcast episode transcript found here.
There's no better time than the present to remind ourselves of some good investing fundamentals and themes that we see in the market. Right now, your emotions might be high due to the market being down, but we'll explain how to handle the rollercoaster ride. Today we're sharing 10 market tips from Bob Farrell, who spent decades as the head of research at Merrill Lynch, establishing himself as one of the leading market analysts on Wall Street. What we discuss in this episode: 2:43 – Who is Bob Farrell 5:05 – Return to mean 9:52 – Excess 11:40 – Never permanent 12:26 – Corrections 13:15 – Public buying 16:20 – Fear and greed 19:26 – Strong and weak 20:44 – Three stages 21:59 – Experts and forecasts 23:09 – Bull markets 23:38 – Recap Read more and get additional financial resources here: http://lifemoneyshow.com Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
This month Frank Congilose and Bob Farrell, Investment Manager at Tomoro Financial, have a conversation about current inflation and how it is affecting the markets.
Damien Fahy of moneytothemasses.com talks to Andy Leeks about money. On this week's podcast, Damien discusses the 10 commandments of investing made famous by Wall Street veteran Bob Farrell. Damien also explains fractional shares, how they work and where you can buy them. Finally, Damien shares the story of the magic box which makes anybody richer who hears it. Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show. What are fractional shares and where best to buy them
Bob Farrell is a former fish and wildlife enforcement officer with more than 30 years of maritime experience in multiple environments from Alaska to Hawai'i. After a successful career with the California Department of Fish & Wildlife – culminating in serving as Assistant Chief – Bob figured he'd return to his home state of Hawai'i to wind down his career as an active game warden in the field, but fate soon intervened, and he once again found himself in a leadership position. Today, he continues his mission to strengthen conservation law enforcement through consultation and training all over the world. Our Sponsors: Thin Green Line Podcast Don Noyes Chevrolet Sovereign Sportsman Solutions “A Cowboy in the Woods” Book Hunt of a Lifetime Maine's Operation Game Thief Wildlife Heritage Foundation of NH International Wildlife Crimestoppers Here's what we discuss: Involved in wildlife conservation post-retirement Enforcement is sometimes an afterthought Earliest memories are on the water “I wanted to be Jacques Cousteau when I grew up.” NOAA fisheries observer aboard a Korean trawler in Alaska Six years fishing the Bering Sea Operating boats for the California Department of Fish & Wildlife Joined CDFW as a dive instructor Accepted as a reserve warden Warden-centric TV programs helped recruitment Promotions are nice, but being an active warden is more fun Bob delayed promotion to join a major task force operation Moved to Hawai'i to get back into the field, but then… “At the end of the day, I was obligated.” Helping enact progressive change Building skills from the ground up Secured funding for the first DOCARE academy Developing a Field Training Officer program Established the state's first DLNR Officer of the Year award Sending officers to NACLEC “Now we're the tip of the spear.” Working nights wasn't typical Caught spotlighters the first night Protect cultural as well as natural resources Retirement allows freedom to advocate for policy and legislation The importance of listening to different perspectives We can effect change Bob's advice for potential game wardens Credits Hosts: Wayne Saunders and John Nores Producer: Jay Ammann Art & Design: Ashley Hannett Content Coordinator: Stacey DesRoches Subscribe: Apple Podcasts Spotify Amazon Google Waypoint Stitcher TuneIn Megaphone Find More Here: Website Warden's Watch / TGL Store Facebook Facebook Fan Page Instagram Twitter YouTube RSS Learn more about your ad choices. Visit megaphone.fm/adchoices
What's up! It's episode 76 of Payne Points of Wealth and we are wondering if every strategist and economist will be wrong. Probably! Today we're going to talk about what the sentiment is on Wall Street and what investors are thinking right now. Hint, hint...they're very negative on the economy and the stock market. We're going to give you our contrarian view of what we think is going to happen over the course of the next couple of months, especially with interest rates going up now that the FED is officially raising interest rates for the first time since 2018. The conflict in Ukraine continues to go on. We're going to unpack a lot for you today and talk about some old-school wisdom. Bob's going to go back to the 70s' at Merrill Lynch (when he had long hair and listened to Led Zeppelin) and tell you exactly what you need to think about philosophically when it comes to the markets. Let's hop to it. We got a great show today. You will want to hear this episode if you are interested in... Geopolitical conflict is not as damaging to the market as you'd think [1:23] We are in an economic boom [3:19] The psychological aspect of inflation [6:54] The Tipping Point [9:26] Markets return to the mean [10:31] The public buys the most at the top and the least at the bottom [13:31] Fear and greed are stronger than long-term resolve [16:19] Bull markets are much more fun than bear markets [18:10] Hidden Facts of Finance [19:58] Abundant Americas -vs- Negative Networks The one thing that we've been stating every week is that we're in an economic boom, no matter what those strategists and economic gurus tell you. At the end of the day, we have an abundance of jobs, and wages are going higher. People are NOT dialing back their spending. Even with oil prices skyrocketing it's not going to stop them from spending, especially now that the economy is full-blown reopened. No one cares about COVID anymore or at least not enough to stop them from living life. We've learned to live with it. These are all big, big drivers for economic growth. We should write an article every week, "If things are so good, why do I feel so awful?" Because after you look at the media or watch the news you're like, oh my gosh, things are so bad. But meanwhile, the US house's net worth is 150 trillion with a T. We're the wealthiest we've ever been in the history of the country. This week on the tipping point: Bob Farrell's rules of investing Here's a list of Bob Farrell's 10 rules that are still true today. Check out the episode to hear a breakdown of our favorite ones! Markets tend to return to the mean over time Excesses in one direction will lead to an opposite excess in the other direction There are no new eras — excesses are never permanent Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways The public buys the most at the top and the least at the bottom Fear and greed are stronger than long-term resolve Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names Bear markets have three stages — sharp down, reflexive rebound, and a drawn-out fundamental downtrend When all the experts and forecasts agree — something else is going to happen Bull markets are more fun than bear markets This week's hidden facts of finance John Templeton following Bob-isms he didn't even know about! Ukraine raised 63 million in crypto donations and people were scammed out of just as much. How's that for secure currency? The metal nickel spiked to 100,000 per metric ton on the London metal exchange The asset manager's $140 billion Pimco Income Fund held $1.14 billion worth of Russian government international bonds as of the end of 2021. Resources & People Mentioned See if you qualify for a complimentary financial review from the Paynes Connect With Ryan, Bob, and Chris http://PayneCM.com Follow on Twitter Follow on Facebook Follow on LinkedIn Subscribe on YouTube Follow on Instagram Subscribe to Payne Points of Wealth On Apple Podcasts, On Google Podcasts, On Spotify
Bob Farrell, Investment Manager at Tomoro Financial, returns this month to join Frank Congilose and discuss the volatility happening in the market.
10 Tháng 12 Là Ngày Gì? Hôm Nay Là Ngày Sinh Của Cầu Thủ Lê Công Vinh SỰ KIỆN 1932 – Thái Lan thông qua một bản hiến pháp và trở thành một nước quân chủ lập hiến. 2009 – Avatar, bộ phim khoa học viễn tưởng phá vỡ kỷ lục phòng chiếu Titanic đã giữ trong 12 năm, được công chiếu tại Luân Đôn. 1906 – Tổng thống Hoa Kỳ Theodore Roosevelt thắng giải Nobel Hòa bình, trở thành người Mỹ đầu tiên đoạt được một giải Nobel. 1799 – Pháp lựa chọn mét làm đơn vị đo chiều dài chính thức. Ngày lễ và kỷ niệm Ngày Nhân quyền ( Quốc tế ) Sinh 1985 – Lê Công Vinh, cầu thủ bóng đá người Việt Nam 1985 – Charlie Adam, cầu thủ bóng đá người Anh Quốc 1927 - Bob Farrell , doanh nhân người Mỹ, thành lập Farrell's Ice Cream Parlour (mất năm 2015) 1923 - Clorindo Testa , kiến trúc sư người Ý-Argentina, thiết kế Thư viện Quốc gia Cộng hòa Argentina và Khách sạn Marriott Plaza (mất năm 2013) Mất 2010 – Nguyễn Thị Thứ, Bà mẹ Việt Nam anh hùng (s. 1904) 1896 - Alfred Nobel , nhà hóa học và kỹ sư người Thụy Điển, đã phát minh ra Dynamite và thành lập giải Nobel (sinh năm 1833) 2020 - Barbara Windsor , nữ diễn viên người Anh (sinh năm 1937) Chương trình "Hôm nay ngày gì" hiện đã có mặt trên Youtube, Facebook và Spotify: Facebook: https://www.facebook.com/aweektv - Youtube: https://www.youtube.com/c/AWeekTV - Spotify: https://open.spotify.com/show/6rC4CgZNV6tJpX2RIcbK0J - Apple Podcast: https://podcasts.apple.com/.../h%C3%B4m-nay.../id1586073418 #aweektv #10thang12 #LêCôngVinh #CharlieAdam #BobFarrell #AlfredNobel Các video đều thuộc quyền sở hữu của Adwell jsc (adwell.vn) , mọi hành động sử dụng lại nội dung của chúng tôi đều không được phép. --- Send in a voice message: https://anchor.fm/aweek-tv/message
One of my favorite customer service books is from legendary author and speaker Bob Farrell. In his book, ‘Give ‘Em the Pickle', he discusses how to improve client satisfaction and retention through three words, “I'll be back." However, as Jody and I explain in this episode, to earn this phrase, one should not rely on the protocol alone. Contrarily, if you want to go above and beyond in our affairs, dare to fuse selfless service with common sense. But Dan? How do we equip our employees to do this? The answer is simple: Have a framework to empower from. Give your team the confidence to make critical decisions and proactively communicate expectations. By doing this, you can ensure your organization will give clients a reason to tell positive stories about you. Resources: Give ‘Em the Pickle: https://www.amazon.com/Giveem-Pickle-Bob-Farrell/dp/1880692333 Connect with Dan: www.dancockerell.com Instagram - https://www.instagram.com/dancockerell/ LinkedIn - https://www.linkedin.com/in/dancockerell/ Facebook - www.facebook.com/dancockerellspeaker
Gene Valicenti, Alison Bologna, and retired photographer Bob Farrell reflect on their coverage of the September 11th terrorist attacks.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Two of the nation's largest third-party logistics providers have announced that they will join forces. GlobalTranz and Worldwide Express, which rank No. 27 and No. 28 respectively on the Transport Topics Top 50 list of the largest logistics companies in North America, will combine in a transaction expected to close in the third quarter. Tom Madine, CEO of Worldwide Express, will lead the combined company as chief executive and Bob Farrell, CEO of GlobalTranz, will serve as a member of the board of directors.
Two of the nation's largest third-party logistics providers have announced that they will join forces. GlobalTranz and Worldwide Express, which rank No. 27 and No. 28 respectively on the Transport Topics Top 50 list of the largest logistics companies in North America, will combine in a transaction expected to close in the third quarter. Tom Madine, CEO of Worldwide Express, will lead the combined company as chief executive and Bob Farrell, CEO of GlobalTranz, will serve as a member of the board of directors.
Craig Fuller, CEO and Founder of FreightWaves, invites Bob Farrell, Chairman and CEO of GlobalTranz, to chat on this episode of Fuller Speed Ahead.Apple PodcastSpotifyMore FreightWaves Podcasts
Craig Fuller, CEO and Founder of FreightWaves, invites Bob Farrell, Chairman and CEO of GlobalTranz, to chat on this episode of Fuller Speed Ahead.Apple PodcastSpotifyMore FreightWaves Podcasts
Frank Congilose, C&A Financial Group, and Bob Farrell, Tomoro Financial, sit down to discuss the current state of the market.2021-120504
Join us as we chat with Bob Farrell from Exit Realty & the Music Director of ‘The Clue' as we talk about the local music scene, why the real estate market is all about the sellers for now, as well as Bob asking us trivia questions to see how good we are!
As exchanges handle nearly 17 billion shares a day, the VIX remains elevated and intermittently spikes, market breadth surges to include cyclical sectors and small-cap stocks, and the S&P maintains a choppy advance all within 5% of all-time highs, Walter Deemer shares his current and historical view over more than 50 years on Wall St. on the latest installment of Fill the Gap. Walter's endless wit was perhaps perfected in the crucible of Wall St. institutions such as Bob Farrell's market research group at Merrill Lynch, Jerry Tsai's Manhattan Fund through the “go-go” years, at Putnam Investments in Boston or during the nearly 40 years he spent advising institutional money managers as an independent technical analyst. As we investors attempt to navigate the markets during a period of excessive speculation in 2021, Walter Deemer's perspective is invaluable. Listen for the laughs and the lessons as Walter discusses what has changed about market breadth signals, what follows periods of excessive speculation, the emotional state required of investors, and his contributions as a founding member and past president of the CMT Association.
In this episode, Craig and Jennifer Moser look at two of Bob Farrell's 10 Rules of Investing. They are: #9 - When all the experts and forecasts agree, something is about to happen.#5 - The public buys the most and the top and the least at the bottom.They also take a look at 2021 and discuss understanding new legislation (like COVID-related stimulus), and reviewing old legislation (SECURE Act and RMD changes, IRA stretch, etc).
When Scott McKain and friends visited a winery in Hunter Valley, Australia, they were denied the chance to sample one of the wines on the vineyard's menu because they were told, “We aren’t tasting reds today.” As they left without purchasing any of the wines they were selling, Scott was reminded of the great customer service story from Bob Farrell of the old Farrell’s Ice Cream Parlours: “Give ‘em the pickle!” That powerful story is at the center of today’s episode of Project Distinct. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dooner and The Dude are LIVE from the North American Supply Chain Summit with Bob Farrell, Chairman and CEO, GlobalTranz; Shannon Curier, Director of Philanthropy and Development, St. Christopher Truckers Relief Fund; Frank Kenney, Director, Market Strategy, Cleo; Drew McElroy, Co-Founder & Chairman, TransfixWatchApple PodcastSpotifyMore FreightWaves Podcasts
Dooner and The Dude are LIVE from the North American Supply Chain Summit with Bob Farrell, Chairman and CEO, GlobalTranz; Shannon Curier, Director of Philanthropy and Development, St. Christopher Truckers Relief Fund; Frank Kenney, Director, Market Strategy, Cleo; Drew McElroy, Co-Founder & Chairman, TransfixWatchApple PodcastSpotifyMore FreightWaves Podcasts
There is nothing new under the sun. As Charlie Munger says, "I believe in the discipline of mastering the best that other people have figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.” I offer a video on a famous a Wall Street investor's (Bob Farrell) ten rules for investing success. You will note that most of them seem simple, and they are but when we introduce humans and emotion that is when the trouble begins.
Frank Congilose, C&A Financial Group, and Bob Farrell, Tomoro Financial, discuss the current state of the market and how the 2020 election has affected it. 2020-111827
When Scott McKain and friends visited a winery in Hunter Valley, Australia, they were denied the chance to sample one of the wines on the vineyard's menu because they were told, “We aren’t tasting reds today.” As they left without purchasing any of the wines they were selling, Scott was reminded of the great customer service story from Bob Farrell of the old Farrell’s Ice Cream Parlours: “Give ‘em the pickle!” That powerful story is at the center of today’s episode of Project Distinct.
Astute credit readers will recognize Bob Farrell as a songwriter whose songs have been performed by DeGarmo & Key, Sandi Patty, Amy Grant, Pat Terry, Wynonna, and Eric Clapton. He also penned Hero The Rock Opera with longtime collaborator Eddie DeGarmo. But dig back a bit further and you'll recognize Bob as half of the husband and wife duo Farrell and Farrell, who were mainstays in the Christian music scene in the 80s and 90s with songs like "Earthmaker", "People in a Box", and "Boundless Love".
Recorded: April 15, 2020 Mark Yusko is the founder, CEO and CIO of Morgan Creek Capital Management. Contact: http://morgancreekcap.com Twitter @MarkYusko INTERVIEW TRANSCRIPT (EDITED) Albert Lu: Welcome to The Power & Market Report. I'm Albert Lu. My guest this morning is Mark Yusko, the founder, CEO and chief investment officer of Morgan Creek Capital Management, which manages close to $2 billion in assets. Mark, thank you very much for joining The Power & Market Report. It's nice to meet you. Welcome. How are you? Mark Yusko: Thanks, Albert. It’s great to be with you this morning. Everybody's doing well here in North Carolina. I hope you guys are doing well in California as well. AL: We are, considering all. We're very lucky here. Lots to cover, not a lot of time, so let's get into it. [The] Dow rebounded nicely this morning; it's up 600 points. We're getting some good news on the health front — meaning that this thing is reaching peak. Are you willing to say that we put in the bottom and, if so, do you expect a retest of those levels any time? MY: You know, I'm actually not. I'm one of the few that's still in the camp that the worst is yet to come. You know Bob Farrell, the famous Maryland strategist, talked about bear markets. And his rule number 8 of his 10 investing rules was: Every bear market has a sharp down, a reflexive rebound, and then the fundamental downturn. And I think we're in the middle of this reflexive rebound and people are focused on kind of what's happening with every little piece of headline. And they're not really focusing on the big picture, which is, you know, we're going to have a pretty sharp downdraft in economic activity, already seeing that global trade is collapsing, profits are going to fall dramatically. And I just don't think you can increase P/E multiples in a world where interest rates are zero and global economic trade and growth are falling. But you know everyone else is doing that right now. AL: Mark, is it a mistake to focus too much on the exogenous shock that caused this, rather than the fact that we're in this now and we have to deal with maybe some excesses that built up over the years? MY: Yeah, look, I think that's the great insight of all insights, right? Which is, everyone is focused on this shock and they're saying, oh, it's going to be temporal and it's going to go away. And look, I believe it. I believe the virus is a novel coronavirus. I don't think it's a bio-weapon. I think it will fade. I think it will disappear over one flu cycle the same way that, you know, other novel coronaviruses, like SARS or MERS, have faded away. So, I do think it will be a short-term shock. But to your point, which is again the great insight, it's not about the shock. It's about these epic bubbles that were created by a decade of abusive monetary and fiscal policy globally. And now, the day of reckoning is coming and you can't displace the entire global economic system. You can't lock everybody down for months and then expect it to just magically restart perfectly and go back to where you were. And, look, we've been conditioned over the past 10 years to buy every dip. And if you did, that worked out, because the Fed had your back. I think this time what we're going to find is the economic calamity on the other side overwhelms the opportunity for the Fed — through monetary policy or even a little bit of fiscal policy from the governments — to stimulate demand, because you can't fix a solvency problem with liquidity. AL: Right. You know, I like the use of the word temporal. So this sort of is a temporal problem, in the sense that there's going to be a duration to it. And we're going to have to work our way through it. But to borrow a little bit from the “Star Trek” vernacular, Mark, they want a wormhole to, sort of, bypass this problem that we have. They did it in ’08. They did it, in my opinion, a few times since then, bypassing [it], sidestepping it, cheating in a way. They're obviously trying to do it again. How many times are they going to be able to do it? MY: Look, it's a really important question. And to your point, you know 2015, you know we started to have a normal cyclical recession on that seven-year cycle like we should have. And, you know, first quarter 2016. If you remember, the markets were collapsing down double digits in January, and then magically the first week of February, everything turned around. We had this cyclical rebound and that was because China pumped $4 trillion into the global economy and turned things around. And so that, like you say, is kind of cheating, in the sense that all you're really doing is pushing out the future day of reckoning by pulling forward economic growth in the form of incentivizing consumption today at the expense of tomorrow. And now, you look at car sales, for example. Car sales are collapsing globally. Why? Well, because we incent[iviz]ed people to pull those purchases forward by basically giving away free cars, right? No money down, no payments, no interest. Eventually you had to pay. But the real problem was that about 38% of car loans now have negative equity on the day they issue the loan. Think about that. You're trading in a clunker, you're financing more than 100% of value of the car and you're underwater on day one. So it's just a bad situation. Look, you can do that for some period of time and we've been doing it, as you mentioned, for years. And I think that day of reckoning is around the corner. I don't know if it's tomorrow because, look, the Fed, the Treasury, or the “Freasury” – like, you know, somebody said the other day, like Frankenstein — they've created this boomlet in expectations around the amount of capital that's going to seep into the economy. I think the problem is [that] most of that capital is going to go to retire debt, some of it's going to get saved, not as much of it's going to get spent, and old habits aren't going to return right away after people realize, huh, I got by with spending less, I got by with traveling less, I got by with eating out less. So that consumptive boom that we've been experiencing for the last couple decades, I think, is going to shift. And whether it's as big a shift as — remember the Depression-era babies? We had a whole generation [that thought] debt was evil, right? Saving was good and spending was bad. … When I bought my first house, my wife and I were young marrieds, [and] our next-door neighbor was an older couple. They still had the original pots and pans from when they got married 45 years ago. I think we'd only been married about four years and we were already on our third set of pots and pans, because, you know, they're disposable, right? So I think that shift generationally may occur here and the idea that we're going to get magically back to that consumption-fueled boom, I think, is a pipe dream. AL: Yeah, good observation on the auto front. Looks like prices for autos are declining. Stocks are reflecting those declines. I want to talk about the banks now. Back in the last big crisis the Fed and the government bailed these guys out and it looked like it was a gift. But I always thought that maybe they were just fattening them up for Thanksgiving. And I wonder if Thanksgiving is here, because you look at [the] playbook that they're running. They're cutting the dividends. Wells Fargo, you know, EPS of 1 cent versus, what, 33. The stocks are down. They seem to be preparing for something bad and I'm wondering. I've had guests on here that said, look, this is the standard garden-variety recessionary playbook. This is the smart thing to do — that's exactly what it looks like on the surface. But I'm wondering if they're preparing for something more than that. That they're going to be marched out and asked to do things and they sort of already have, right? To do things that they don't want to do, that don't make sense from a, you know, orthodox banking point of view. What do you think the bank's role is going to be in the continued bailout of pretty much everything now? MY: Yeah, like, again, lots to unpack there. And again, really, really important in good points. If you go back to, you know, the history of banking and fractional reserve banking, in particular. You know, it all kind of changed at two important points in U.S. history. One was 1913, with the creation of the Fed. Look, the Fed has one job: It's to enrich the bankers, right? The bankers own the Fed. The big banks and the big banking families around the world, they own the Fed. And that pays a dividend to them. And their job, if you look over history, is to bail out the banks when they're struggling and to enrich them over time. The second big change was 1971, when we went off the gold standard and we started this nominal inflation of things, of assets, that I talk about as the dictator playbook, right? If you're the dictator, you surround yourself with cronies and you get all the assets in the hands of the cronies. And then you devalue the currency. And that's exactly what happens around the world. If you look at primary dictatorships, that's what they do. A small number of people own all the assets. They devalue the currency. Those assets appreciate. The poor get really, really poor. The rich get really, really rich — in nominal terms, maybe not in absolute terms. And I think the same thing’s happening today. If you go back to 2008, as you said, what did they do, right? The banks back to 1994. We got rid of — shoot, I always forget the name of the bill — but we got rid of the famous bill that Clinton did away with. It separated. [The bill was] Glass-Steagall, sorry. It separated investment banking from traditional banking because original banking is guaranteed by the FDIC. And so, these banks got over levered — Lehman, Bear Stearns, Goldman Sachs, Morgan Stanley — and basically they were all done, right? They were all out of business. They were all bankrupt and it was because they had too much leverage for the process of fractional reserve banking. Fractional reserve banking works at maybe 10, 11, 12 times leveraged — not at 30, 40 times leveraged. So what’d we do? We bailed them out, we put together TARP and TALF and all the alphabet soup. And we bailed out the banks. But we actually didn't bail out the banks for any other reason than to keep that cabal in charge and [to] keep that dividend stream from the Fed going. Because what does the bank actually do? They borrow from the Fed. They buy Treasuries because the government is overspending and they have to issue Treasuries to fund that spending. And they arbitrage that and levered up 10, 11, 12 times. So last year, JPMorgan had zero losing trading days. Now, trading implies taking risks, so you can't have zero losing days. Well, they don't actually trade. They borrow from the Fed at really cheap prices, because, remember, you and I don't get to borrow at Fed Funds. Only the bank gets to borrow at Fed Funds. So keeping Fed Funds abnormally low for years was just re-liquifying the bank balance sheets. Ah, but here's the problem: ZIRP — zero interest rate policy — creates zombie banks and ultimately destroys the equity of the banks. Like look at Citi[group]. The stock in theory is like 42 bucks. Oh no, no, no, no, no, no, no. That's $4.20. They did a reverse ten-to-one split a few years ago to fake everybody out in thinking that the stock’s not down 90-some-odd percent. [This] goes back. During the crisis, they had to issue so much new stock at one point there were four shares of Citigroup for every man, woman and child on the surface of the planet. So they diluted the old shareholders. They, you know, enriched themselves, the management teams and the Fed — and the Ponzi keeps going. So we're in this Ponzi-financed period and it's going to be really tough to get out of it, because the way a Ponzi works is you have to take other people's new money to pay off the old shareholders. And if you think about banks, if we look at Japan, Japanese banks for 20 plus years have gone down, right? They’re down about 90-something percent. The same thing’s going to happen to the European banks, to the U.S. banks, because fractional reserve banking system doesn't work in a low-growth, no growth world, which is where we're headed because of bad demographics, too much debt and deflation. And those killer Ds — it's a long answer to your question, I apologize — but it's a really important question. The killer Ds — bad demographics, too many old people, too much debt, so you can't have highest rates because you couldn't service your debt and then deflation, which comes from technology and other things — all of that comes together to mean lower share prices for banks and an inability for them to jump start the growth of the global economy the way it has in the past. AL: Great answer, Mark. It looks like, as many predicted, that these institutions are just becoming utilities or instruments of the state. Not the businesses that they once were. And they’re suffering. Wells [Fargo] is down 41% this year, [JP]Morgan's down 30[%], Bank of America also down over 30%. I wonder if part of what the bleak outlook for them is a possibility of negative interest rates, because Powell went out of his way to say, we're not doing that. Because, in my opinion, he was just afraid the market was going to price that in immediately like it does every other thing we know he's going to do. What do you think about the possibility of negative interest rates? MY: It's a certainty, absolute certainty. And again we know how this movie ends. We've seen it before. You know, I'd cue the Vapors song from the 80s; you know, we're “Turning Japanese.” I really think so. And look, Japan is 11 years ahead of the United States demographically, nine years ahead of Europe demographically. And if you look at everything that happens in Japan, fast forward nine years it happens in Europe, fast forward 11 years it happens in the U.S. So, you know, debt got downgraded, market peaked in 1989 in Japan. Market peaked in 2000 in the U.S. Debt got downgraded in 1996 in Japan, 2007 in the U.S. So the same thing happens 11 years later. And so, negative interest rates came to Japan, right? Remember the Bank of Japan, in 2007, said they were going to end QE, or what they call QQE; they call it Quantitative and Qualitative Easing. They were going to end QQE. At the time, the Bank of Japan owned 26% of GDP in Japan. Today, they are over 100% on their balance sheet. So we said 11 years later, we're going to end QE. But we're not. So we're at 22, 23% of GDP. Okay, Europe two years ago is at 22%; now they're at 40[%] we're going to 40. Then we're going to 80. Then we're going to 100. And it's all about, ultimately, a big debt jubilee, because once you get to 100%, once the Bank of Japan owns 100% of the Japanese government bonds, they can just write them off. And people say, oh, that could never happen; it'll crash the currency. No, the currency’s been crashing all along while you print new yen. You buy the bonds from the insurance companies and the pension funds. You put them in the Bank of Japan and then, ultimately, you're going to write them off. Same thing’s going to happen in Europe. Same thing is going to happen in the U.S. But all that does is it leads to more deflation, more negative interest rates. And look where Japan is: they've had negative interest rates for, you know, coming up on a decade. Europe has got negative interest rates. And if you plot an inverse of the number of 65-year-olds relative to total population, it tracks interest rates almost perfectly and it's forecasting negative interest rates in the United States, starting about 18 months from now and lasting for almost a decade. AL: Mark, I'm seeing a level of desperation at the Fed that I've never seen before. And to your point, we have been following the Japanese trajectory. Is it safe to say that the Fed is going to be employing every tool that has a precedent, whether it's our own history from whatever, 1913, or what's being done by the Bank of Japan, or what's been done by the ECB? Is all of that on the table now? How confident can we say that? And would the correct speculative course of action in this case be to sell whatever the Fed is buying and to buy whatever we think or know the Fed is going to have to buy next? MY: Yeah, now again, [that’s] a great point. The Fed has no choice, right? The Fed has to buy it all and, ultimately, they're going to continue to buy bonds, and rates will go negative. And so, that means bonds, that everybody's been predicting the end of the bond bull market for ten years. They're going to continue to be in a bull market. And long Treasuries have outperformed stocks for 20 years; they're outperforming again this year. They’ll likely outperform for the next decade. And most people don't have more long bonds than stocks. They have a lot of stocks. And, you know, the funny thing is everyone's rejoicing in this, you know, reflexive rebound off the bottom. Stocks are still down double digits for the year. Long bonds are up double digits. So very interesting and kind of tale of the tape when you look at the scoreboard. So the Fed has to continue to buy assets. You know, they're going to go down the credit spectrum in the sense that they said they're going to buy ETFs and now ETFs that hold junk bonds, which, again, is illegal right? It's against the Federal Reserve Act. And how they're doing it — which, I think, is horrendous — is they set up a special purpose vehicle with the Treasury. So they're skirting the law, right? They're breaking the law. Now, they're doing it, they think, in the best means possible. But they're still breaking the law. I should say not the best means, but the best intentions. They have best intentions. But the road to hell is paved with good intentions, so I think we're at a really precarious point where the cure is worse than the disease right? Locking down the global economy and shutting down global GDP because of a virus — that, like many other viruses, is going to be seasonal and will disappear after some period of time — doesn't make any sense. Buying every asset that isn't tied down and locking it up in Treasury doesn't make any sense. Bailing out companies that should fail by buying their high-yield bonds, that the market is telling you are worth less than par, doesn't make sense, right? We need the cleansing of capitalism to work and we got to get away from cronyism and bailouts. And, you know, this idea that we should bail out every industry to save jobs is ludicrous. That's what we have restructuring laws for. The jobs can be saved. It just means the equity gets wiped out and new owners with new, fresh capital come in and re-liquify the companies. It's worked every other time. It will work now if we let it. AL: So just to clarify, Mark, should we be moving out of our long bonds now and into equities, which seems like [an] inevitable item on the menu? MY: No, absolutely not. I'm definitely of the camp that, you know, sell the freaking rip. You know, the buy-the-dip days are over. Oh, but the last two weeks. Great. If you bought this dip perfectly and you owned nothing before, good for you. I don't think that's the case for anybody and I think the average person is down a lot. And the little money they're putting on the margin isn't going to fix their portfolio. Whereas if they would have been long Treasuries, they would have done much better. So I think you want to own gold, gold miners, Treasuries, cash, hedge funds, Bitcoin. All the uncorrelated assets are going to dramatically outperform over the next few years. AL: How far down are you willing to ride the yield on the long bond before you start to get nervous even if [you believe] we go negative? MY: Yeah, look, we're going negative. All rates in the developed world will be negative. Full stop, right? They are in most of the developed world already but they will be everywhere and ultimately even China will have negative rates. And so some of the best buys in the world are long bonds in China that still yield about 3%, because when it goes from 3 to 0 you make a lot of money. AL: How much room do you leave for the fact that there's something that we're missing here, that there's some other trick that they're going to pull out of their sleeve and then that's going to send the equity market on another rip for, I don't know, five years? MY: Now look, I'm wrong all the time. People say [to me], you say things so forcefully. You know, what if you're wrong? I’m wrong all the time and it's changed my mind. So I am absolutely open to the idea that, as I missed 2009, I really didn't understand in 2009 how the Fed buying bonds would translate into higher stock prices. What I missed was that the banks would give more money to hedge funds to buy stocks. They give more money to individuals to buy stocks. They've actually put stocks on the balance sheet, which they weren't supposed to do. So I missed that. So, you know, the thing about mistakes, right, is that you're supposed to recognize, admit, learn, forget—RALF. And so I did learn from that experience. So I look at it this time and I said, okay, the Fed has pulled out not a bazooka but a tank and they're going to try everything to inflate equity prices. And I think that's fine. But at the end of the day, equity prices reflect earnings. And in 2009, we were able to reverse the slide in earnings and we had earnings recover pretty dramatically. I don't think earnings are going up anytime soon. In fact, I think they're going to go down quite dramatically. And [for] people who think that we're going to return to new normal, I think you're going to be disappointed. So until I see signs of economic growth and profit growth, I think that, you know, deflating the bubble one more time is likely to come in that fundamental drawdown in the bear market. AL: Mark, before I let you go, I want to get your thoughts on some fireworks going on on Twitter. The founder of Social Capital on CNBC made a comment: Chamath Palihapitiya is his name. [He] made a comment that these bailouts are wrong. We should be letting investors — and he pointed out, specified hedge funds, in particular, but just forget about whom — investors should be absorbing this blow. Not regular people and holders of the currency and whatnot. Leon Cooperman took offense to that. I'm sure you've seen it. What do you think about this little debate? MY: Look, I'm totally on Chamath’s side. I mean, it's absolutely ridiculous to socialize losses. If we don't allow risk capital to actually be risky, then we pervert capitalism. We pervert the capital asset pricing model, and everything that we believe about investing goes out the window. The way it's supposed to work is if you want no risk you leave your money in cash or bonds, right? If you want to take some risk, you can take credit risk. You can buy a risky bond, OK? The bond may not pay you back like a high-yield bond. You get paid a couple hundred basis points above risk-free for that. OK, if we take equity risk, we get paid 5% more, 7% above risk-free to take equity risk. That's why you get paid more, because it's a contingent claim. You should not get bailed out. And so, this idea that we need to save everyone is silly. There are cyclical threats to every business, and businesses that don't manage properly — like don't save for a rainy day, don't create a rainy day fund, they spend all their money on buybacks and financial engineering to enrich the management teams and pay dividends to Warren Buffett — those equities should be extinguished. And we should start over through restructuring. The bondholders become the new equity holders. The dip financiers become the new bondholders. And everybody moves forward. That's the way it's supposed to work and if you don't do that, if you socialize loss and you bail out every business just because they made a big campaign contribution to the administration, then you end up with socialism for the rich and capitalism for the poor. The income inequality and wealth inequality gap widens. And if you think about it, we just approved [$]6 trillion with a T — and remember, [$]1 trillion is a dollar a second for 31,710 years. We put 6 trillion dollars of stimulus out there. The average person is getting $1,200. Well, where did the other $58,000 go? That's [$]6 trillion divided by 330 million [people]. It's going to the fat cats and the people who contributed to campaign contributions or lobbying — as I like to say, formalized corruption or kleptocracy. So, if we don't allow the process to work, the whole idea of investing breaks down. And we're in for a very long, very sad tale of basically cash like returns, and inflation will chew that up and spit you out and you'll end up with less wealth and less income over time. AL: Very interesting. Glad to hear that point of view even though it is a rare point of view. We are out of time, Mark. But thank you very much. I want people to know that they can find you at morgancreekcap.com and also on Twitter, where I love to follow you, @MarkYusko. A recent tweet you had about the coronavirus is this move against large gatherings [is] more than just about COVID-19. I can't wait to get together with you some other time and talk at length about these topics. So, thank you very much for joining me, Mark. I really appreciate it. MY: Thanks for having me on. I look forward to getting together next time I come see my daughter out in California.
When Scott McKain and friends visited a winery in Hunter Valley, Australia, they were denied the chance to sample one of the wines on the vineyard's menu because they were told, “We aren’t tasting reds today.” As they left without purchasing any of the wines they were selling, Scott was reminded of the great customer service story from Bob Farrell of the old Farrell’s Ice Cream Parlours: “Give ‘em the pickle!” That powerful story is at the center of today’s episode of Project Distinct.
Supply Chain Now Radio, Episode 106” “Live from the eft Media Zone: Bob Farrell with GlobalTranz” Broadcast from eft’s 3PL & Supply Chain Summit Featuring: Bob Farrell serves as Executive Chairman for GlobalTranz. Bob has 30+ years of experience and a proven track record of building high-growth software and technology-driven companies. Prior to GlobalTranz, Bob served as president and CEO of Kewill, a global leader in multimodal transportation management software. Prior to Kewill, Bob served as president and CEO of EDGAR Online, a leading global provider of XBRL software, services and data that was acquired by RR Donnelley & Sons (NASDAQ: RRD) in August of 2012. His role at EDGAR Online was preceded by his time as Chairman and CEO of Metastorm, a leading provider of Business Process Management (BPM) enterprise software and solutions that was acquired by Open Text (NASDAQ: OTEX) in February of 2011. Farrell also served as President of Mercator Software, a provider of enterprise application integration solutions; COO at LeadingSide, a global provider of unstructured data solutions; and held executive management positions at Computer Horizons Corp., a provider of IT services and solutions. Additionally, Bob is currently a Senior Advisor at Providence Equity focusing on investments in technology-enabled service companies. He also currently serves on the board of Billtrust, the premier provider of payment cycle management solutions; and Kitchen Brains, a pioneer and global leader in the development and deployment of integrated, end-to-end, wireless M2M networking solutions and SaaS applications for the commercial kitchen/food service industry. Previously, he served on the Board of FolioDynamix, an award-winning SaaS provider of investment management programs and wealth management platform solutions to financial services organizations that was acquired by Actua (NASDAQ: ACTA) in November of 2014; and on the Board of I.D. Systems (NASDAQ: IDSY), a leading global provider of wireless solutions. Hosted by Scott Luton and Lance Roberts of Becker Logistics. See full details on this episode at www.supplychainnowradio.com/episode-106
SCNR broadcasts live from Jump Start 19, Hosted by SMC3. Learn more: www.SMC3.com Featured guest Bob Farrell serves as Executive Chairman at GlobalTranz. Bob has 30+ years of experience and a proven track record of building high-growth software and technology-driven companies. Prior to GlobalTranz, Bob served as president and CEO of Kewill, a global leader in multimodal transportation management software. Prior to Kewill, Bob served as president and CEO of EDGAR Online, a leading global provider of XBRL software, services and data that was acquired by RR Donnelley & Sons (NASDAQ: RRD) in August of 2012. His role at EDGAR Online was preceded by his time as Chairman and CEO of Metastorm, a leading provider of Business Process Management (BPM) enterprise software and solutions that was acquired by Open Text (NASDAQ: OTEX) in February of 2011. Farrell also served as President of Mercator Software, a provider of enterprise application integration solutions; COO at LeadingSide, a global provider of unstructured data solutions; and held executive management positions at Computer Horizons Corp., a provider of IT services and solutions. Additionally, Bob is currently a Senior Advisor at Providence Equity focusing on investments in technology-enabled service companies. He also currently serves on the board of Billtrust, the premier provider of payment cycle management solutions; and Kitchen Brains, a pioneer and global leader in the development and deployment of integrated, end-to-end, wireless M2M networking solutions and SaaS applications for the commercial kitchen/food service industry. Previously, he served on the Board of FolioDynamix, an award-winning SaaS provider of investment management programs and wealth management platform solutions to financial services organizations that was acquired by Actua (NASDAQ: ACTA) in November of 2014; and on the Board of I.D. Systems (NASDAQ: IDSY), a leading global provider of wireless solutions. Learn more about GlobalTranz at www.globaltranz.com Hosted by Chris Barnes, Ben Harris, and Scott Luton
Bob Farrell, longtime Merrill Lynch head of research, celebrated market technician and author of the widely cited 10 Rules for Investors, calls in to share his insights with Grant’s. 2:21 What’s changed, and what’s the same 6:40 “Excesses in one direction lead to excesses in another.” Does that apply to interest rates? 11:20 Capital allocation strategies in a lower-return environment 16:49 Buy and hold and cyclical fluctuations 20:13 Contrarian ideas right now Subscribe to the Grant's Current Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com
Bob Farrell, CEO of Globaltranz See acast.com/privacy for privacy and opt-out information.
Join Dr. Carlos as he explores the psychology of ice cream at Farrell's ice cream parlor with CEO Michael Fleming.Farrell's Ice Cream Parlour was started in Portland, Oregon, by Bob Farrell and Ken McCarthy in 1963. Farrell's became known for their offer of a free ice cream sundae to children on their birthday. The parlors have an 1890s theme, with employees wearing period dress and straw boater hats, and each location features a player piano.
All hail the omni-channel. But how can logistics providers possibly keep pace with an explosion in the number of delivery points within a city that must be served? Bob Farrell, president and chief executive officer of Kewill, has an innovative proposal. He'd like to see the construction of shared logistics centers, occupied by multiple service providers, feeding shipments into retail stores and private homes located deep within urban centers. It's one way to combat the gridlock that can only get worse as cities continue to grow, and consumers demand same-day delivery to the doorstep. Listen to Farrell's idea about how we can combat a problem that gets ''worse and worse, day by day.''
Some classic Jesus music, with special guest Bob Farrell (Farrell & Farrell), including: Rivers - Lazarus, If There Were Only Time For Love - Dogwood, Building Block - Noel Paul Stookey, All Day Song - John Fischer, Which Side Are You On? - Arlo Guthrie, Gonna Change My Way Of Thinking - Bob Dylan, ... Bob Farrell, pt 1 ..., Put Love In Your Life - Millennium, ... Bob Farrell, pt 2 ..., Earthmaker - Farrell & Farrell, ... Bob Farrell, pt 3 ..., I Couldn't Live Without You - Farrell & Farrell, All You Need - Farrell & Farrell
Some classic Jesus music, with special guest Bob Farrell (Farrell & Farrell), including: Rivers - Lazarus, If There Were Only Time For Love - Dogwood, Building Block - Noel Paul Stookey, All Day Song - John Fischer, Which Side Are You On? - Arlo Guthrie, Gonna Change My Way Of Thinking - Bob Dylan, ... Bob Farrell, pt 1 ..., Put Love In Your Life - Millennium, ... Bob Farrell, pt 2 ..., Earthmaker - Farrell & Farrell, ... Bob Farrell, pt 3 ..., I Couldn't Live Without You - Farrell & Farrell, All You Need - Farrell & Farrell
Some classic Jesus music, with special guest Bob Farrell (Farrell & Farrell), including: Rivers - Lazarus, If There Were Only Time For Love - Dogwood, Building Block - Noel Paul Stookey, All Day Song - John Fischer, Which Side Are You On? - Arlo Guthrie, Gonna Change My Way Of Thinking - Bob Dylan, ... Bob Farrell, pt 1 ..., Put Love In Your Life - Millennium, ... Bob Farrell, pt 2 ..., Earthmaker - Farrell & Farrell, ... Bob Farrell, pt 3 ..., I Couldn't Live Without You - Farrell & Farrell, All You Need - Farrell & Farrell
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