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Join Keith, Terry, and Matthew live for a properties event on September 30th. Sign up here: GetRichEducation.com/MidSouth Keith Weinhold asks why so many people end up competing in the "Grind Olympics" of the traditional day job, and explains why separating income from time is key to building real wealth.  He then counts down the top five ways to give a rental property a raise by increasing its net operating income, and points to the lever investors most often overlook.  Keith also looks at what has happened to home prices during every major stock market crash since 1980, and shows why negotiating better financing terms can beat simply getting a lower purchase price.  He offers practical strategies for building cash flow, creating value and investing with more confidence in any market. Episode Page: GetRichEducation.com/625 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. Does your day job have you competing in the Grind Olympics? It's something that you never signed up for, and the top five ways to increase your rental property's income. Then, when stocks crash, what happens to real estate? You'll see historically today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Homebuyers, the largest turnkey company in Memphis with more than 6000 homes under management, for a free live webinar the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth again. that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:34   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:50   Welcome to GRE from Wheeling, West Virginia, to Whiting, Indiana, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to Get Rich Education. Before I get into basically giving your rental property a raise with the top five ways to increase its income, first let's get the context of pulling back and understanding your compelling why for all of this. You may or may not like investment property itself-it's more likely rather that you love what it does for you. That's how it is for me. What do most people do? It's like they're training for the Grind Olympics. Are you doing this too? But you don't remember signing up? I mean, that's kind of what the day job is, society's vortex gradually pulls you into it. The investment property is what gradually tilts you out of it, or it gives you that option. For so many, the day job, it's sort of like this competition that really no one officially announces it yet. Millions enter it. Who can work the longest hours? Who can answer the most emails? Who can miss the most family dinners? Who can delay their life the longest? And at the end of it all, something we call retirement. If you're a winner, not a loser. The winner, you receive a gold-colored watch, lukewarm sheet cake, and a little party at age 65, and that's assuming that the finish line hasn't been moved to 70.   Keith Weinhold  3:40   This is especially bad and prevalent in the United States, where you start out with just two weeks vacation. That's about the worst grind in the developed world. I really myself started questioning this lifestyle when I was a teenager, and this is because my older friends, sort of those that were getting into their late teens, they were relatable to me, and they started going down this path and telling me about it. And suddenly, they couldn't play baseball or tennis with me during the day because they started working during their summers. Now that's not so bad in itself, but stay with me. I also looked at the adults around me and noticed that most traded the majority of their waking hours for work that they didn't even like. Now, my dad was a good worker. He worked 7 a.m. to 3 p.m. faithfully Monday to Friday, and despite being a good worker, he certainly didn't love his job. As a teen, then I found it confounding that so many people were working Monday through Friday, primarily why, primarily to reach the weekend. Wednesday was celebrated as. Day, this sort of strange admission that the work week was something to climb over and survive. You're surrendering 50 weeks to earn two weeks of vacation. You're repeating that very bargain for 40 years and hoping you still have enough money, energy, and health to enjoy retirement. And what puzzled me most was where this was happening. We are not some impoverished nation with paltry resources and limited opportunity. This is the United States, the most powerful and perhaps the most prosperous nation in the world.   Keith Weinhold  5:40   This is the part that I still can't work out in my head. Almost everybody falls into a narrow, rigid groove and grinds. Eventually, the groove becomes a rut. Then the rut gets a job title and a dental plan. Many even form their identity around this. Fear is the number one motivator that gets employees to show up at work. So then, do most people lead fear-based lives? It's almost insane. Sheesh! We have skyscrapers, interstate highways, world-class universities, abundant natural resources, advantageous geography, rule of law. We've got vast capital markets. We've got technology that sent people to the moon before I was born. Endless possibilities, but yet the standard life plan is to spend our most vivacious years doing something that we didn't even want to do. What a paradox! How could a nation create so much wealth while so many people have such little control over their own time? Even then, as a teenager, I remember thinking, "Gosh, there has got to be a better way than this system somehow. I didn't yet know the way, so I started going to college at age 18.   Keith Weinhold  7:16   But this path put me on that same trajectory of get good grades, land a job, max up my 401k, which would reduce my salary, and work for four decades, and then cross my fingers and just somehow hope that promotions, inflation, taxes, a stock market that I couldn't control, and life itself would cooperate. I mean, that plan could kind of work, but your time is still doing most of the work. Your employer rents your time usually one hour at a time, and if you stop supplying the hours, then soon enough your income stops too. Capital compound. labor doesn't. The better path is to gradually separate your income from your time. That's what I began doing when, while I was working full time, I bought my first income-producing rental property a few years later, a few years after college, in fact, doing that on the side, divergent, black sheep. I was stepping out of the groove. Now I own an asset that created leverage and income, whether I'm working, sleeping, camping, climbing a mountain, or spending time with my family. So the goal then it's not to avoid hard work entirely. I mean, meaningful work that can even provide some purpose and achievement and pride. But what provides wealth? What are you going to do for that? Wealth is what happens when you're not working. Wealth is what happens when you're sleeping. Labor produces income. Assets create wealth. Grinding should be a season, even your contribution to society, but not your primarily financial strategy. So the bottom line is that we don't want to win the grind Olympics, income-producing assets help us build a life that we don't have to postpone. The entire conventional life plan, the whole thing, just never felt right to me. Intuitively and rationally, deep down, you know, think to yourself: Doesn't at least some part of you feel that way too? Thank God that I found real estate. I don't love it. I love what it does for me. You've got to love what it does for you.   Keith Weinhold  9:54   One attribute that your income property gives you is control. So. With that in mind, I put together the top five ways to increase your rental property income countdown style from number five to number one. Since you do own an asset that you can control, so we're talking about giving your rental property a raise here, and you know your property does not even need to appreciate in order for you to make it more valuable, your property doesn't need to sit around waiting for the market to appreciate like it's waiting for a promotion from corporate or something, which always takes too long. You can manufacture more income yourself. So net operating income or NOI, it only has two moving parts. It is property income minus operating expenses. Push income up or pull expenses down, and you've effectively given yourself a raise. Better yet, on an income-valued property like a five-plus unit apartment building, every additional dollar of NOI can create far more than $1 of property value. So here are the top five ways to increase your property's income.   Keith Weinhold  11:10   The fifth best way is to add ancillary income, because monthly rent it's not the only asset inside your property. Now, depending on what property type you have and what the local laws are, you can charge for pets, parking, storage, laundry, furnishings. You can charge for internet packages, utility reimbursement, reserved garages, upgraded amenities, or you can even charge in some cases for application, administrative, or lease break fees. The best ancillary income it provides something that the resident genuinely values. We're here to serve and give value to others. Importantly, it should feel like an option for your tenant with these things, not some toll booth placed between the tenant and their front door. We know how annoying it is to have a tip screen swung around and placed in your face. Even an additional 25 or $50 per unit each month that can become meaningful across several properties. The fourth best way is to cut your controllable operating expenses, and you know what most investors do, and it is easy to fall into this, and I certainly have too at times. You know, most investors they carefully negotiate the property's purchase price at the beginning, and then they spend years casually accepting every recurring bill, audit your expenses rather than just accepting last year's cost plus inflation.   Keith Weinhold  12:49   So closely look at your property management fees, landscaping and snow removal, pest control, cleaning, trash service, water consumption, and any leaks that you might have. Common area electricity, repair labor and material markups, service contracts, and preventive maintenance. Gosh, I really lost a lot of money in pest control one time when the pest would just move from one apartment unit to the other, and we just couldn't get it trapped or stopped. Loyalty is admirable in marriage. It is less compelling when your landscaping company raises its price 14% every year. So solicit competing bids, consolidate your vendors where you can, install efficient fixtures where the payback period makes sense and where the break-even math works. But now, don't confuse expense reduction with maintenance neglect.   Keith Weinhold  13:53   That is one danger. So you know, if you delay a $300 repair until it becomes a $3,000 emergency, well, that really doesn't increase your NOI. It merely makes this month's numbers lie. Now, as I tell you about this list, you might think sometimes, "Oh, I've heard of that one before. Okay, but yeah, are you actually doing it? The third best way to increase your property's income is to challenge taxes and shop insurance because property taxes and insurance they are really among your property's largest operating expenses. So therefore, if you get good at this, you can both increase your net income and you will have gained a new skill that you can apply later and elsewhere. Yet you know a lot of owners they treat property tax and insurance sort of like the weather. They complain about them and then they just assume that nothing can be done. Possible moves that you can make are appealing in excessive property tax assessment, correct inaccurate property records. You can compare insurance carriers as often as annually. Adjust your deductibles when it's appropriate. Be sure you remove redundant coverage. Make sure that there's no overlap there. You can add safety or resilience improvements that qualify for insurance discounts, and then at the same time, sometimes that improves your property's value. You can check the property's classification and claims history for any errors there. So you know every legitimate dollar saved that flows directly into your NOI, your net operating income. Remember, mortgage payments though they do not factor into NOI. Neither do major capital expenditures. Refinancing can improve your cash flow, but that does not increase the property's NOI, and that's what we're talking about today. But when it comes to property tax appeals, you remember a while back on the show, perhaps a year ago, I went into detail on just how you can do that.   Keith Weinhold  16:00   Now we're up to number two. The second best way to increase your NOI is to raise rents intelligently, and really this is the most obvious strategy. But it isn't as simple as typing a larger number into your renewal letter and then just sort of hoping that your tenant doesn't notice. Bring rents closer to market without automatically chasing the absolute maximum. That can include gradual increases at renewal, premiums for upgraded units. How about a premium for the unit with the best view? If you have one of those, higher rent for furnished units, appropriate charges for garages or shorter lease terms. I mean, shorter lease terms, like a six month instead of a 12 month, that can get you a bump up in the rent. Be sure to eliminate any unnecessary concessions, like the first month's rent is free. Do you really have to continue to do that? And use better listing photos and copy to support higher rents. It's easy to have AI write some good snappy copy for you today. So the objective here is economic occupancy, not merely the highest advertised rent, because raising the rent $100, if that's going to create an extra month of vacancy that is stepping over dollars to pick up dimes. Know the market, understand the tenant, and make increases that improve NOI rather than merely improving the asking price for the REM. And the top way, the number one way to increase NOI is reduce vacancy and turnover. Yes, you might have heard that before, but it is still the most overlooked NOI lever, even though it's number one. An occupied unit at a sensible rent that often produces more income than an overpriced empty one.   Keith Weinhold  17:58   The way to improve your occupancy is by you starting renewal conversations 60 to 90 days before that lease comes due. Respond quickly to maintenance requests. I mean, few things frustrate a tenant more than a ceiling that is leaked for a month. Pre-market an upcoming vacancy that you have. Start that process early. Complete your turns faster, screen residents carefully, and unless you're in an especially hot market, consider offering renewal incentives when turnover would cost you substantially more than doing that. So there are a bunch of ideas for reducing vacancy and turnover. Another one, more of a modern-day one, is for you to buy and operate new build property because tenants tend to stay in new builds longer. They love that feeling that no one has ever lived there before. Suppose a unit rents for $1,800 a month. All right. Well, then one vacant month costs you $1,800 before cleaning, repairs, utilities, advertising, and leasing expenses. So the true cost of that turnover could easily be three or $4,000. And when you consider that, then giving a good resident a $250 one time renewal incentive that doesn't look generous that looks profitable for you. Keeping a responsible tenant, you know that might be the biggest quote unquote rent increase available. Just simply keeping a responsible tenant because occupied properties produce income, and empty properties produce invoices.   Keith Weinhold  19:48   Now that I've told you about the five ways to increase your property's income, let me give you some more motivation for this. It's about how $250 can become 50. $1,000. Suppose you select just a few of these five improvements, and say that that increases your NOI by just $250 per month. Okay, that's nice. That's cash in your pocket, and if you happen to apply it to a five-plus unit apartment building, since it's also valued on NOI. You take 250 bucks times 12. That is $3,000 a year at a 6% capitalization rate. Take 3000 divided by point 06. That is $50,000. You just created 50k of additional property value from only $250 of monthly NOI creation. Yeah, you are up 50k now, and here's the thing: you did not do anything that substantial. It's not like you added another story to a property, or you discovered oil underneath your parking lot, or you convinced a celebrity to move in. Okay, these are practical things that you can do in control. You simply operated the property better, and this forced appreciation relationship that applies most directly, though, to commercial and larger multifamily properties because those are the types that are valued based upon their income. A single-family rental or a duplex or a fourplex that is generally appraised primarily through comparable sales. So its higher NOI might not immediately produce the same increase in appraised value, but in either case, higher NOI it still means more cash flow for you, a stronger financial cushion, and a better performing investment. The bottom line here is that you can wait for the market to increase your property's value, or you can operate the property better and create value yourself, raise income, control expenses, and keep good residents. That is how you improve NOI without increasing your blood pressure.   Keith Weinhold  22:10   Coming up on the next few shows, we're going to speak with the original co-author of the book Rich Dad Poor Dad. Yes, we had Robert Kiyosaki on here earlier this year, but we're going to talk with the co-author alongside Robert Kiyosaki. A lot of people don't know who that is. That is going to be interesting on another upcoming episode. The man that wrote the book on the 8020 rule called the Pareto principle, he will be here. That's where 80% of the results come from. 20% of the effort. So here on GRE, there's a lot of education, strategy, and mindset coming up straight ahead today. When stocks crash, what happens to real estate? That's next. I'm Keith Weinhold. You're listening to Get Rich Education. Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals. A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself.   Keith Weinhold  23:27   What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts-they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family to 66866. What if you got your mortgage loans the same place I get mine. You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge while it's on your mind. Start at ridgelendinggroup.com. That's ridgelendinggroup.com.   Kirsten Tate  24:31   This is author Kristen Tate. Listen to Get Rich Education with Keith Weinhold, and don't quit your daydream.   Keith Weinhold  24:49   Welcome back to Get Rich Education. I'm your host Keith Weinhold, and this is episode 625. AI songs are becoming more popular. Fortunately. AI podcast hosts-they really aren't that much of a thing yet, or else I might not be here. Thank goodness that listeners still want to hear from a real person. When stocks crash, what happens to home prices? Since 1980, there have been 10 or more major stock downturns. Guess how many of those cause national home prices to crash? Exactly zero. Now there was one pretty enormous housing decline, but that one started in housing. And what happens next? It reveals something that every real estate investor should understand a lot like real estate right now. Stocks are hovering near their all-time highs. Okay, both major assets, real estate and stocks, bumping up against all-time highs. There is a predictable rhythm about what happens to real estate when stocks crash. Now, when we look at stocks' seven big downturns that occurred just this century, as measured by the S&P 500, you know, first a lot of people think that stocks are overvalued here in the late 2020s. That is based on measures like the historic P/E ratio, the Shiller cape ratio, and the Buffett indicator. I mean, some investors are just disillusioned by how stocks' movement makes so little sense anymore. For example, when the latest labor number showed that 162,000 jobs were added in a month. That tripled expectations. I mean, people should have been like, "Hey, go USA! This is great. People are employed. All that. Nope. The stock market fell specifically in response to that. Why? Because strong employment increases the chances of higher interest rates, and sure enough, the Fed did then raise rates.   Keith Weinhold  27:09   Oh, geez, what? So a labor market collapse is then bad for America, and that's good for stocks. Yes, that is how it works. That is just stupid. So, with that context in mind, let's see what actually happened to national home prices this century during all the major stock market downturns that were not caused by housing, and then we'll get back to housings. Okay, during the dot-com bust in 9/11, that whole period about 25 years ago, stocks again. This is all per the S and p5 100 crashed 49% Home prices were up 23% during that time. We'll get back to the global financial crisis shortly. During the 2011 debt ceiling crisis, do you even remember that stocks went down 19 percent. Home prices went down just slightly, 1 percent. During the 2018 Fed tightening and trade war sell-off, stocks were down 20 percent, a classic bear market. Home prices were up 1 percent. Then came COVID. In barely a month, stocks plunged a jaw-dropping 34% This was in 2020. It was like a flash crash. What happened to home prices then? They were up 1% just a little. So, are you beginning to see a pattern, or perhaps a lack of one here during 2022's inflation peak and Fed tightening bear market stocks fell 25 percent. Home prices they were up 4% during that time period, and then during the 2025 tariff sell-off, you might remember Trump called that Liberation Day. Stocks were down 19 percent. Home prices. were essentially unchanged.   Keith Weinhold  29:06   All right, so there they were: six major stock market downturns this century, not one housing crash. All right, now let's turn the telescope around because 2008 was different since the crash was real estate induced, and it is the only time in the life of you or I or anyone alive today, even a 90-year-old, where national home prices took a significant fall. In fact, they were down 27 percent, and it took them a few years to fall that much. All right. Well, what did stocks do during this period? They fell even more, down 57% more than twice as much, 57% I mean, just imagine having a million-dollar stock portfolio and seeing its value cave in, down to 430k from a million. Okay, that's what really happened march 6, 2009, when the S and P hit its global financial crisis low, and that happened over a 17 month stock collapse. Okay, so what's really the summary? It is that in the six times that stocks led a price crash this century. Real estate held up, or it rose, and the one time real estate led the crash, stocks fell more than twice as much.   Keith Weinhold  30:31   It was 27 %versus 57%. All right. Well, that is what's happened this century. But you know this cause and effect relationship or lack thereof, that didn't just begin happening in 2000. When we stretch the history back to 1980, which is Jimmy Carter, almost Ronald Reagan era days, stocks had four more big downturns. We had the Volcker Bear Market, the famous 1987 Black Monday stock market crash, the Gulf War sell-off, and the LTCM crisis. During those four stock crashes, home prices also either stayed resilient or they rose. All right. Well, all of this is because homes and stocks, you know, they just aren't connected by some push and pull relationship. Stocks reprice in seconds. Fear spreads. Algorithms sell, and billions of dollars can disappear before lunch. Instead, housing moves more like a cargo ship that you're trying to turn around in the Mississippi River, it can take a long time. Housing transactions take months. Prices depend on local supply and local incomes, and mortgage availability, and whether homeowners are actually forced to sell. Housing provides something that every human actually needs and cannot be easily disrupted by AI. I mean, AI still cannot download a three-bedroom house onto a vacant lot. And of course, during any stock crash, what else happens with real estate? Your rent just keeps coming in as well. So the bottom line here is we're learning from history rather than having a hunch again. Home prices don't react to stock market crashes. Stock crashes and housing downturns are different events.   Keith Weinhold  32:32   A falling stock market it can eventually weaken consumer confidence. In in a severe recession, some of that can trickle in and affect housing, but history shows that a stock crash alone has not caused national home prices to fall. When stocks scream, real estate just kind of shrugs. Now, as we get back to talking about today, with real estate being cash flow challenged, you usually need a deal in order to make the numbers work. And as we know, for more than two years now, it has been wise to buy new build property and have that home builder buy down your mortgage rate rather than getting a property price discount. And do you realize that it actually works out better for you in almost every case for you to get your rate bought down than it is to get a discount. Yeah, it is often substantially better. Let's just think about an example. Say you're putting a 20% down payment on a 300k property at a seven and a half percent mortgage rate. Okay, let's compare your seller discounting the purchase price by 20k versus them instead using 20k to buy down your mortgage rate. All right, in the first scenario, let's call it then a purchase price reduction. The seller reduces it from 300k down to 280k. Your monthly payment would be 1566 $1,566. All right. Well, then your monthly savings from the price discount would be $112. You would also need 4k less for the down payment. Okay, 112 bucks a month is helpful to you.   Keith Weinhold  34:18   That might buy you dinner for two at the Olive Garden or something, at a wildly overpriced airport convenience store. By the way, this is a bottle of water and one almond, 112 bucks. Okay, but now let's compare it with the second option. If instead of a price discount, you pay the full 300k and use the 20k as a seller credit, a credit from the seller, and you use that to permanently buy the mortgage rate from seven and a half down to five and a half percent. In this case, even though it's a larger amount financed, your monthly payment is no longer 1566. It's just 1363, so your monthly savings is no longer 112 bucks. That Olive Garden dinner for two, it is 315 bucks. So therefore, using the seller credit instead of reducing the purchase price that ups your monthly cash flow by about 203 bucks. All right, and this was just an illustration. It's not a universal lender rate sheet carved into a stone tablet. But the larger lesson remains. Okay, terms are often more important than price. Negotiate the financing. That is the lesson. And of course, you can try to use this most anywhere with any seller, but it's been especially popular with American home builders for two plus years now.   Keith Weinhold  35:47   The bottom line is that the best deal isn't always the property with the lowest price; it is the one with the best financing, and it's one of the strategies that Mid South Homebuyers is going to offer on Wednesday night's webinar just two days away, and there's no negotiation needed. They are offering this, and it's where I'm going to be appearing live, and you're invited to join us from the comfort of your home or a coffee shop or wherever you are. So we're talking about properties in Memphis, Little Rock, and North Texas. New build properties for as little as about 200k, and some fully renovated resale properties for as little as 150k, and even less than that. Now, low price isn't reason enough to own an income property, but it's the fact that you get a strong rent in a stable market to support that, and they're offering what they call their triple five terms. They'll buy your mortgage rate down into the fives and provide property management for just a 5% fee for five years. And I just learned that for attendees of Wednesday night's event, they will even announce a promo code there, and you will get triple five terms for life on both financed and cash deals.   Keith Weinhold  37:12   And you know, I've got to say that when I began in real estate investing, I wish that any of this would have existed. Like when I began, I wish there even would have been new build property available. They just didn't even have that for income property when I started out. And the fact that it's managed for you from day one, I didn't know about that when I started out. I thought I had to invest only in my home market and then manage it myself. And here you get investor advantaged geographic markets, and then if that's not enough, you get that rate buy down into the fives and property management costs. It's basically cut in half to help improve your property's cash flow, and you can almost think of this as lifetime cash flow. You get to control a sustainable business model that's resistant to AI disruption, and yeah, it's sustainable. I mean, people will pay you to live there. That has happened for centuries. It's sort of the opposite of a cryptocurrency that will not exist in two years. It happens Wednesday night. You'll get to see me live along with the renowned providers from Mid South Homebuyers and their properties and their generous incentives and all the new AI investment that's acting as a tailwind coming into Memphis. Registration is free at getricheducation.com/midsouth. It's 8p.m. Eastern on Wednesday night. I'll see you there, getricheduceducation.com/midsouth. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  38:57   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.    Keith Weinhold  39:25   The preceding program was brought to you by your home for wealth building. Getricheduceducation.com  

This week on The Leadership in Insurance, Alex Bond sits down with Ashwin Agarwal, Founder & CEO of Advocate Technologies, to talk about bringing pricing transparency to commercial insurance.Some of what they cover:

In this episode, Stig Brodersen speaks with David Fagan about Total Wealth Performance and why someone with average investment returns can still build a meaningful net worth. They discuss why saving is the first step in wealth creation, why financial independence is a matter of intention rather than luck, and how idle cash quietly becomes one of the most expensive decisions investors ever make. IN THIS EPISODE YOU'LL LEARN: (00:00:00) Intro (00:04:20) Why David has been a saver ever since he blew his entire net worth on a Hot Wheels racetrack at age eight (00:12:34) Why money decisions that look odd are often rational given someone's lived experiences (00:13:56) Why financial independence is not luck but small habits that compound (00:17:47) What Total Wealth Performance is, and why the return on your broker statement is not your real return (00:22:29) How Stig thinks about financial independence (00:29:34) The ABCs of front-end performance: availability, behavior, and configuration (00:37:55) Why idle cash is one of the most expensive decisions an investor can make (00:45:00) Why net worth beats portfolio returns as a scorecard during the accumulation phase (00:54:13) How and why tax is a real expense Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out Stig and David's free educational resource, Compounding Simplicity. Watch David Fagan's free educational videos.  Read Charles Schwab's study, Does Market Timing Work? Listen to our interview with David Fagan about Why Simplicity Beats Complexity. Listen to our interview with David Fagan about Simple Investing. Listen to our interview with David Fagan about investing like a business owner. Listen to our interview with David Fagan about Buffett's favorite business book. Connect with David on LinkedIn or through mbf Chartered Professional Accountants. Stig's blog post on his portfolio and track record since 2014. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses through ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Investor's Podcast Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our sponsors: Monarch Plus500 Netsuite Plaud References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

WHAT HAPPENS WHEN YOU MIX JIMMY BUFFETT, A ROAD TRIP, AND A BAND CALLED JAMMY BUFFET? You'll have to tune in Friday at 5:00 PM Eastern to find out! This week on Buffett on the Radio with Jersey Jon Persons, we're going BEHIND THE SCENES with two guys who know a thing or two about keeping the Buffett spirit alive: Bob Barrick & Brendan Mayer of JAMMY BUFFET!I caught up with Bob and Brendan after their show at the Southern Café and Music Hall in Charlottesville, Virginia, and we talked about: The story behind Jammy Buffet Their love of Jimmy Buffett Life on the road Bringing Buffett's songs to stages across the country And what it means to keep that island spirit aliveAnd, of course...WE'RE BRINGING THE MUSIC! So kick off those shoes.Grab something cold. Drop anchor. And turn up the volume! FRIDAY • 5:00 PM EASTERN RadioA1A.comStreaming 24/7 with the finest independent singer-songwriters in the Trop Rock universe.No passport.No sunscreen.No vacation days.Just press PLAY. Can't catch us live? The replay will be waiting on Apple Podcasts, Spotify, or your favorite podcast app. Buffett on the Radio Music for the Road to Paradise With Jersey Jon PersonsSee you Friday, Parrotheads!And remember... The flip-flops are optional. The good vibes are mandatory. Support this show http://supporter.acast.com/a1a-media-network. Hosted on Acast. See acast.com/privacy for more information.

Should you have a will, a trust, or both? On this episode of PIVOT with Darryl Lyons, Darryl explores the differences between wills and trusts through the complicated estate of music legend Jimmy Buffett. Buffett's estate, valued at hundreds of millions of dollars, has become the subject of a legal dispute involving trustees, beneficiaries, and questions about how his assets should be managed and distributed. While the circumstances are unique, the underlying lesson applies to families of all wealth levels: estate planning is about more than deciding where your money goes. It is also about making your intentions clear and having important conversations before you're gone. Darryl breaks down key estate planning terms, including trusts, marital trusts, beneficiaries, trustees, and the role of corporate trustees. He also explains why families with blended families, significant assets, property in multiple states, or concerns about incapacity may want to consider a trust. You'll learn: ●      The difference between a will and a trust ●      Why some families choose to establish a trust ●      How trustees and beneficiaries fit into an estate plan ●      What a marital trust is designed to accomplish ●      How complicated estates can create conflict among family members ●      Why choosing the right trustee matters ●      How communication can help prevent family disputes after your passing ●      Why estate planning should include conversations with the people affected by your decisions Estate planning is not just about what happens to your money after you're gone. It's about making your intentions understood while you're still here. Benefiting from the show? We'd appreciate it if you left a review on your favorite podcast platform Resources: https://www.wsj.com/style/lost-in-margaritaville-drama-jimmy-buffett-275-million-dollar-trust-65710c8d?msockid=39164ae8011c6ba429c95df600676aea

“Un padre dovrebbe lasciare ai figli abbastanza denaro perché possano fare qualsiasi cosa, ma non abbastanza da permettere loro di non fare niente”. Con questa riflessione di Warren Buffett sul delicato equilibrio tra ricchezza e responsabilità, il nuovo episodio di RadioBorsa affronta il tema dell'eredità, della successione e del capitale. La decisione del novantaseienne Buffett di fare un passo indietro, lasciando la presidenza di Berkshire Hathaway al figlio Howard con un ruolo puramente di garanzia, offre uno spunto prezioso per capire l'importanza della governance e il rischio che il capitale, se non gestito con competenza, si trasformi da strumento di libertà a gabbia dorata.  Ma la puntata esplora anche un'altra dimensione del controllo: quella narrativa. Ispirandosi alle teorie del premio Nobel Robert Shiller, l'episodio analizza come le storie contagiose muovano i mercati più dei fondamentali, partendo dalla recente "frenata" sulle Big Tech. Per alcune ore, Wall Street è stata scossa dal timore che colossi come OpenAI o Google potessero rallentare lo sviluppo dell'Intelligenza Artificiale per evitare scenari distopici da "superintelligenza assassina", salvo poi tornare a macinare profitti al suono del pragmatismo e dei grandi investimenti in server e data center.Infine, l'episodio getta luce sul mercato obbligazionario e sul petrolio. Il calo del prezzo del greggio sotto i 100 dollari, nonostante le tensioni in Medio Oriente e in Ucraina, ha dato ossigeno ai bond, dopo che molti risparmiatori hanno scoperto a loro spese come l'aumento dei tassi possa far crollare il valore dei titoli di Stato in portafoglio. Ascolta la puntata per imparare a distinguere tra narrazione e realtà e scoprire come blindare i tuoi risparmi dalle fluttuazioni emotive. Questo episodio include contenuti generati dall'IA.

Meta uus AI-agent lennutas tehnoloogiaaktsiad uutesse kõrgustesse, samal ajal näitavad Taiwan ja Lõuna-Korea väga erinevalt, kuidas tehisaru vedav kasv jõuab ülejäänud majandusse ning inimeste rahakotti. Räägime ka USA intressitõusust, Warren Buffetti ajastu lõpust ja Eesti Panga värskest prognoosist, mille järgi vajab Eesti majandus uueks kasvuks rohkem investeeringuid.Saate tegid LHV makroanalüütik Triinu Tapver ja Nelli Janson. Kirjuta meile aadressil turutegijad@lhv.ee.Finantsteenuseid pakub AS LHV Pank. Tutvu finantsteenuste tingimustega aadressil www.lhv.ee ja küsi nõu meie asjatundjalt. Podcastis esitatud seisukohad on informatiivsed ja ei ole mõeldud soovitusena müüa või osta mainitud väärtpabereid. AS LHV Pank ei vastuta teabe põhjal tehtud otsuste eest. Investeerimine on seotud võimaluste ja riskidega, väärtpaberite turuväärtus võib nii kasvada kui ka kahaneda. Välisturgudel võivad tootlust mõjutada valuutakursside kõikumised. Võimalike kajastatud väärtpaberite ja finantsindeksite eelmiste või tulevaste perioodide tootlus ei tähenda lubadust ega viidet järgmiste perioodide tootluse kohta. Investeerimisotsuste tegemisel kasuta ametlikku informatsiooni väärtpaberi kohta, tutvudes iseseisvalt riskide ja tingimustega.Esitatud teave on informatiivse eesmärgiga ning ei ole vaadeldav investeerimisanalüüsina ega mõeldud soovitusena müüa või osta mainitud väärtpabereid. LHV ei vastuta teabe põhjal tehtud otsuste eest. Investeerimine on seotud võimaluste ja riskidega, väärtpaberite turuväärtus võib nii kasvada kui ka kahaneda. Välisturgudel võivad tootlust mõjutada valuutakursside kõikumised. Eelpool kajastatud väärtpaberite ja finantsindeksite eelmiste või tulevaste perioodide tootlus ei tähenda lubadust ega viidet järgmiste perioodide tootluse kohta.

Join ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for another episode of What Are Your Thoughts and see what they have to say about: Meta's massive rally following the launch of Muse and what it could mean for the AI trade and chip stocks. They also break down weak market breadth near all-time highs, debate Netflix's brutal drawdown and the bull and bear cases for the stock, look at why buy-and-hold is so difficult for individual stocks, make the case for locking in 5% Treasury yields, Warren Buffett's legacy, ARKK, Snowflake, and much more. This episode is sponsored by DBMF, the world's largest managed futures ETF. Discover why DBMF's liquid, uncorrelated, managed futures strategy could be what your Alts allocation is missing at www.dbmf.com/WAYT Please take our 2026 audience survey ⁠HERE⁠. Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠ DBMF Disclosure: The iMGP DBi Managed Futures Strategy ETF's investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, it may be obtained by visiting ⁠www.imgp.com⁠. The Fund is distributed by ALPS Distributors, Inc. DBMF is the world's largest managed futures ETF as of July 31, 2026 with $4.16 billion AUM. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is now a good time to buy property? It's the question Gavin gets more than any other, so in this episode he answers it properly. Using the market clock, he shows where sentiment actually sits (almost everyone says 11pm) and why "peak of the market" means nothing until you ask "peak of what?" Residential, office, industrial, data centres, hotels and medical are all moving differently. From there he breaks down the three forces that decide where prices go next: the bond market and rising interest rates, the AI bubble and whether it bursts like the dotcom crash, and the 18-year property cycle that points to 2026 as the top. He explains why Ireland is more exposed than most, with around 300,000 people employed by US tech firms concentrated around Dublin. He also covers what it means on the ground: the landlord exodus of roughly 11,000 rentals in six months, 209 applicants for a single house in Ranelagh, and why the smartest move in any market is to stay active rather than sit on your hands. The takeaway: the market is cyclical, there is no bad market, only a bad strategy. *** Chapters 00:00 The market clock: where are we? 00:48 Why sentiment says 11pm 01:40 Peak of what? The segments that matter 02:33 Housing affordability and bidding wars 03:28 A client's cash flow deal: €40k cost, €150k income 05:02 What's really driving the market 06:00 The bond market and interest rates 06:51 The gambler vs the analyst 08:44 Government debt and the crisis on the horizon 09:37 Global rates at multi-decade highs 10:15 The AI bubble: hype vs risk 12:17 Why Ireland is exposed 13:22 The 18-year property cycle 15:40 Why 2026 could be the top 18:27 The dotcom lesson 19:26 Should you buy now? 21:46 The landlord exodus 22:46 209 applicants for one house 24:32 Buffett: fear, greed and opportunity 25:54 Final advice: stay in the game Elite Property Accelerator is open for its next intake. Learn more: https://epa-learn-more.scoreapp.com/  Join my next Workshop: https://elitepropertyaccelerator.com/workshop  *** Behind the Facade is hosted by Gavin J Gallagher, a Dublin-based property investor and developer with 30 years in the Irish and international market, and first-hand experience of three property crashes. *** Support the podcast: https://buymeacoffee.com/gavinjgallagher 

Is now a good time to buy property? It's the question Gavin gets more than any other, so in this episode he answers it properly. Using the market clock, he shows where sentiment actually sits (almost everyone says 11pm) and why "peak of the market" means nothing until you ask "peak of what?" Residential, office, industrial, data centres, hotels and medical are all moving differently. From there he breaks down the three forces that decide where prices go next: the bond market and rising interest rates, the AI bubble and whether it bursts like the dotcom crash, and the 18-year property cycle that points to 2026 as the top. He explains why Ireland is more exposed than most, with around 300,000 people employed by US tech firms concentrated around Dublin. He also covers what it means on the ground: the landlord exodus of roughly 11,000 rentals in six months, 209 applicants for a single house in Ranelagh, and why the smartest move in any market is to stay active rather than sit on your hands. The takeaway: the market is cyclical, there is no bad market, only a bad strategy. *** Chapters 00:00 The market clock: where are we? 00:48 Why sentiment says 11pm 01:40 Peak of what? The segments that matter 02:33 Housing affordability and bidding wars 03:28 A client's cash flow deal: €40k cost, €150k income 05:02 What's really driving the market 06:00 The bond market and interest rates 06:51 The gambler vs the analyst 08:44 Government debt and the crisis on the horizon 09:37 Global rates at multi-decade highs 10:15 The AI bubble: hype vs risk 12:17 Why Ireland is exposed 13:22 The 18-year property cycle 15:40 Why 2026 could be the top 18:27 The dotcom lesson 19:26 Should you buy now? 21:46 The landlord exodus 22:46 209 applicants for one house 24:32 Buffett: fear, greed and opportunity 25:54 Final advice: stay in the game Elite Property Accelerator is open for its next intake. Learn more: https://epa-learn-more.scoreapp.com/  Join my next Workshop: https://elitepropertyaccelerator.com/workshop  *** Behind the Facade is hosted by Gavin J Gallagher, a Dublin-based property investor and developer with 30 years in the Irish and international market, and first-hand experience of three property crashes. *** Support the podcast: https://buymeacoffee.com/gavinjgallagher 

This week on Two Parents & A Podcast, happy Monday!! First, the big news: WE ARE OFFICIALLY A DEAR MEDIA PRODUCTION!! (yay) If you're new here from the Dear Media world: hi!! We're Alex and Harrison, married, two kids (Tate and Rocky), and the “third-wheel” (lovingly) is Jules our producer!!! Welcome, we're so happy you're here. And if you're not new here, the short story is - nothing is changing!!!  Then we get into the episode with a confession: we are officially the parents who throw the over-the-top birthday parties. The exact parents we judged before we had kids. We get into why we've fully made peace with it (the joy is REA), plus the undisputed best time slot for a toddler birthday party: 5 to 7 PM. Everyone's out of nap territory, people are always looking for something to do during this dead zone, and dinner is handled. We will be taking no further questions at this time hahaha And the rest: Harrison is teetotaling 13 out of 14 days “per week” (his math, not ours lol), the Tweet of the Week we're carrying into fall ("the curse of no discipline is every year looks the same"), and the TikTok discourse we had to weigh in on: is going to your friend's birthday party optional?! Plus a Rocky update: he's officially in the nanny share and he LOVES it. Then book club: Princess Diana's brother wrote a memoir about her (Swan Song, out tomorrow!!), and Harrison's corner: Warren Buffett officially stepped down from Berkshire Hathaway (we think it might be because he's 96 but idk you tell us lol). The math will break your brain: $1,000 invested with him in 1965 is worth almost $60 MILLION today. We get into what made him one of one, whether anyone can do it again, and Alex's hot take that Paris Hilton is the Warren Buffett of influencing (out of respect for Mr. Buffett, Harrison disagrees LOL). We close with the dog corner: two studies say dogs are genuinely good for your brain (dog owners, your pet might be syncing to YOUR stress levels??), our updated family dog rules (short version: no diapers in the house), and the internet's current debate: can you bring an iced coffee to a job interview?! Hope everyone has a great week :-) LOVE YOU!  Timestamps: 00:00:00 Welcome back to Two Parents & A Podcast! 00:00:10 We are officially a DEAR MEDIA production!! (+ VERY short intros for the new listeners) 00:04:43 We're now the parents who throw the over-the-top birthday parties…  00:15:32 The undisputed best time for a 2 year old's birthday party 00:17:12 Harrison is teetotaling 13/14 days per week lol 00:19:57 Tweet of the Week: "the curse of no discipline is every year looks the same" 00:25:56 Is going to your friend's birthday party optional?! 00:34:35 Rocky officially joined the nanny share!! 00:36:41 BOOK CLUB: Princess Diana's brother wrote a memoir (out TOMORROW) 00:38:28 Warren Buffett retires at [AGE REDACTED] 00:50:37 Dogs are officially good for your brain (two studies + our update thoughts on getting a family dog) 01:00:12 Iced coffee at a job interview: yay or nay?! 01:09:34 LOVE YOU GUYS! #twoparentsandapod -------------------------------------------------------------- Sources: *Warren Buffett steps down as chairman: NPR — https://www.npr.org/2026/09/18/nx-s1-5973852/warren-buffett-steps-down *Berkshire vs. S&P returns: credited on graphic  *Swan Song: Diana, My Sister: https://www.penguinrandomhouse.com/books/836436/swan-song-by-charles-spencer/ *Pets & cognitive decline study: https://x.com/NTFabiano/status/2101664911738683802?s=20  *Dogs mirror their owners' stress: https://x.com/anishmoonka/status/2101906772017455410?s=20  -------------------------------------------------------------- Thank you to our sponsors this week: *Merit Beauty: Right now, Merit Beauty is offering our listeners their Signature Makeup Bag with your first order at https://www.meritbeauty.com *Little Spoon: Give them meals + snacks that are actually right for where kids are developmentally—balanced, intentional and made to support real growth. Go to https://www.littlespoon.com/TWOPARENTS and enter code TWOPARENTS for 30% off your first order. *Honest: Shop Honest on Amazon, Walmart and Target. -------------------------------------------------------------- Listen to the pod on YouTube/Spotify/Apple: https://www.youtube.com/@twoparentsandapod https://open.spotify.com/show/7BxuZnHmNzOX9MdnzyU4bD?si=5e715ebaf9014fac https://podcasts.apple.com/us/podcast/two-parents-a-podcast/id1737442386 -------------------------------------------------------------- Follow Two Parents & A Podcast: Instagram | https://www.instagram.com/twoparentsandapod TikTok | https://www.tiktok.com/@twoparentsandapod Follow Alex Fugman: Instagram | https://www.instagram.com/alexfugman TikTok | https://www.tiktok.com/@justalexfugman Follow Harrison Fugman: Instagram | https://www.instagram.com/harrisonfugman TikTok | https://www.tiktok.com/@harrisonfugman Learn more about your ad choices. Visit megaphone.fm/adchoices

Warren Buffett spent sixty years proving that patience pays, which is awkward news for everyone selling a six-week millionaire course.In this episode of Mark and Pete, we celebrate Warren Buffett's investment philosophy, his business ethos and the unfashionable possibility that building something worthwhile might take a while. Quite a while, actually. You may need to sit down.As Buffett steps back from leading Berkshire Hathaway, we look at what made the “Oracle of Omaha” so extraordinary. There are the investment returns, obviously. Those rather startling numbers. But behind them sits an approach to business that sounds almost disappointingly sensible: understand what you own, pay a reasonable price, choose people you trust and give good decisions time to work.Then, apparently, resist the temptation to fiddle with everything.We explore Buffett's relationship with Benjamin Graham, the influential value investor and author of The Intelligent Investor. Graham taught him to look beyond the share price and examine the underlying business, with a margin of safety for when things go wrong. Because they do. Even when somebody has produced a very reassuring spreadsheet.Charlie Munger helped Buffett develop that approach further, recognising the advantages of buying excellent businesses at sensible prices. Something can be cheap for an excellent reason, as anyone who has bought a suspiciously affordable second-hand car will understand.There is plenty here about long-term investing, compound growth and Berkshire Hathaway's success. The Coca-Cola investment gives us a particularly striking example of what can happen when a business keeps earning and an investor keeps waiting. Though waiting, we should say, involves rather more judgement than simply forgetting your password.We also discuss Buffett's famously simple working habits and limited enthusiasm for email. He was never entirely without technology, but he does offer an interesting challenge to the idea that being constantly connected means being useful. Some of us have answered seventeen messages before breakfast and achieved absolutely nothing. Efficiently.For Mark and Pete, long-term thinking has long been something of a motto. Buffett gives us a chance to ask what that means beyond investing: in work, relationships, family life and the things we hope to leave behind.Our Christian perspective comes through Proverbs 13:11: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” Patience, honesty, stewardship and generosity matter. They remain worth practising even if your portfolio is mostly a pension statement you are avoiding opening.Join us for a warm, occasionally wandering conversation about Warren Buffett, Benjamin Graham, value investing and the business principles behind an extraordinary career.Getting rich slowly may lack excitement. There are worse difficulties to have.

Het is Softbank nog stééds niet genoeg: de investeerder wil nóg meer geld in OpenAI investeren. Ze zitten inmiddels al op 65 miljard dollar, zo'n 13 procent van het hele bedrijf. Met allerlei constructies harken ze het geld bij elkaar. Daar komt nu een bijzondere constructie bij. Softbank geeft 11 miljard aan junk bonds uit, obligaties met een hele lage kredietwaardigheid. Het moge duidelijk zijn: de beurgang van OpenAI móet slagen voor Softbank. Of die investering dat enorme risico waard kan zijn, zoeken we voor je uit. Hoor je ook nog over Novo Nordisk: het aandeel dat maar blijft verliezen. Met een set nieuwe plannen moest het bedrijf het vertrouwen van beleggers terugwinnen. Maar het tegenovergestelde gebeurde. Nog voor de ceo was uitgepraat, ging het aandeel al de verkoop in. Wat Novo Nordisk dan wél moet doen, bespreken we deze aflevering. Hoor je ook nog over: Stakingen bij Volkswagen, én een winstwaarschuwing Een koekjesfabriek waar jij op moet letten Heineken, dat doet een opvallende overname Een sluitstuk voor de overname van Warner Bros door Paramount Te gast: Arend-Jan Kamp van Stockwatch BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

2,6% Zinsen p.a. auf ein unbegrenztes Guthaben mit bis zu fünfmal der gesetzlichen Einlagensicherung*. Auch für Kinder. Das gibt's bei Scalable Capital. Mehr Infos hier. Buffett gibt letzten Posten ab, Howard übernimmt. VW fliegt aus dem EuroStoxx 50, senkt Marge auf 1%. Nscale und Westinghouse planen Mega-IPOs. OpenAI plant 278 Mrd. $ negativen Cashflow bis 2030. Es fließt mehr Öl. Schott Pharma (WKN: A3ENQ5) hat sich seit März fast verdoppelt. Der Streit mit dem Großkunden ist gelöst, GLP-1 ersetzt mRNA als Wachstumstreiber. KGV von 20 bei 10% Gewinnwachstum ab 2027. On (WKN: A3C20K) holt Mbappé mit 10-Jahresvertrag und steigt in den Fußballmarkt ein. On muss raus aus der Läufer-Nische. Für Nike ist der Verlust vielleicht noch wichtiger. Diesen Podcast vom 21.09.2026, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung. *Veränderlicher Zins auf unbegrenztes Guthaben. Konditionen sowie Guthabenverteilung auf scalable.capital/tagesgeld. Learn more about your ad choices. Visit megaphone.fm/adchoices

Buffett cede la presidencia de Berkshire y el mercado sigue buscando certezas donde abundan las historias. Esta semana ponemos el foco en quién paga el crecimiento, cuánto cuesta financiarlo y qué queda cuando se enfría el entusiasmo. De la infraestructura física de la inteligencia artificial a los tipos de interés, las opciones, los mercados de predicción y las acciones tokenizadas. También hablamos de Empery Digital, Novo, Costco y esos ajustes contables que incorporan ahorros antes de conseguirlos. Acertar una tendencia no resuelve cuánto pagar por ella. Y una buena historia todavía tiene que convertirse en caja. Actualidad Semanal +D · Semana 38 de 2026 · 20 de septiembre. Continúa la conversación en https://foro.masdividendos.com/ : ¿qué te ayuda a distinguir una ventaja competitiva de una historia bien contada? Contenido de entretenimiento y divulgación; no constituye una recomendación de inversión. Capítulos 00:00 Bienvenida y presentación 01:17 Buffett: un oráculo menos, muchos profetas más 03:25 La IA pide freno; los proveedores siguen facturando 06:34 Amazon, Generac y Boot Barn: la infraestructura de la IA 09:36 Tipos de interés: cuando el dinero deja de ser mobiliario 13:04 Opciones y apuestas: del interés compuesto a la dopamina 15:06 Información privilegiada, imitadores y acciones tokenizadas 19:23 Empery Digital: una empresa para cada temporada 21:25 Novo y Costco: acertar la tendencia y equivocarse de empresa 24:33 Private equity y beneficios que todavía no existen 26:55 Conclusión: el tiempo sigue ganando

The end of an era at Berkshire Hathaway: Warren Buffett steps down as chairman after more than six decades, with his son Howard taking the chair. But could one of Buffett’s favourite trades — Japan’s five great trading houses — offer investors a way to continue following his playbook? Michelle Martin breaks down why the yen fell even after the Bank of Japan raised rates to a 31-year high, and reveals which major Asian economy now has even lower interest rates than Japan. Then it’s Up or Down: Kylian Mbappé leaves Nike for On, a Wendy’s franchisee files for bankruptcy protection, Disney appoints its first CTO, Google’s Gemini raises fresh AI security concerns, and Nestlé faces mounting risks in Russia. Plus, why Goldman Sachs sees close to 30% upside for ST Engineering — and how Resident Evil just scared up a franchise-record opening at the box office.See omnystudio.com/listener for privacy information.

Elections analyst Wayne Sussman tells Chris Steyn the local government poll is shaping up as a car crash for the ANC, which failed to submit any candidates in its Eastern Cape strongholds of Port St Johns and Ngquza Hill and lost proportional lists in Walter Sisulu and Sundays River Valley. Bank of America's Brad Ross says sponsors facing Swimming SA's missing R50 million should freeze, audit and pivot to athletes. Christo van der Rheede calls Rubio's visa restrictions a strategic blunder that hands the ANC a smokescreen. Plus Alec Hogg on sifting fake news, and a mixed Wall Street close.

Co se tento týden skutečně změnilo na trzích a co může rozhodnout o dalším pohybu akcií?V dnešním vysílání se podíváme na 2 grafy, které teď podle mě musí sledovat každý investor, a rozebereme nejdůležitější události posledních dní i výhled na další týden. Podíváme se na S&P 500, Nasdaq, malé firmy, dluhopisy, technologie i konkrétní akcie a hlavně si vše zasadíme do kontextu.⚠️ PŘEKLOPTE TEORII V REÁLNÉ VÝNOSY ⚠️ ► Vstupte do DK Investičního Klubu a přidejte se k více jak 1600+ investorům zde

Hi, it's Neil Cowmeadow here with episode 444 of The Tutor Podcast, the Monday morning shot of uncommon sense for anyone who wants start, grow and love their own tutoring, teaching and coaching business – the same way I love mine.  I'm here to share ideas that have helped me in my business journey as a teacher, entrepreneur, investor and mentor in  a no-nonsense, No BS kind of way... in the hope that it helps you have as much fun at work and in life as I do. And – of course - I'm listening: so if you have any ideas that you think might be worth exploring on the show – get in touch info@neilcowmeadow.com or on X where I am @TutorPodcast, and maybe you can help me to learn something new, something better?  And I don't have all the answers – nobody does - and if I rely on my own miniscule brain to solve all of my problems…. Well..... If you're good with that, let's crack on...  Everybody has a to-do list, don't we? If you're in business for yourself, that to-do list is usually enormous and getting longer. I guess you could say that if you're alive your to-do list is always getting longer because new things are tagged on the top faster than you can take stuff away from the list. Now here's the thing: not everything on that to-do list should be there. There's a story going around about Warren Buffett talking to his personal pilot. I guess you can afford a personal pilot when you're one of the most successful investors in history. Buffett asked the pilot what his top 25 priorities were and the pilot, a guy called Flint, wrote down 25 things. Great so he's got some clarity on a whole bunch of stuff. Buffett asked Flint to circle the top five priorities. Flint went ahead and circled, unaware of the trap he was falling into. With the five top items circled Buffett took a pen and crossed out the other 20. His reasoning is simple: the top five items are the ones that matter most to you. The other 20 are distractions, traps, and the thieves of time and attention. I looked at my goals list, my priorities list, and it's huge. When I finally did pluck up the courage to grab a pen and circle the top five things on the list, it was very uncomfortable to look at the remaining 80 or so and realize that they'd be nice to do but probably weren't worth my time and attention if it took me away from the top five. Does that make sense? Now write those top five things out on a couple of index cards, two sets. I suggest attaching one to the microwave door in the kitchen because you'll go there all the time and constantly remind yourself of what your top five projects are. The other reminder should probably go on your computer. Maybe even make it the wallpaper on your phone. These are the places where you go and will need to remind yourself of what to focus on. If this is hard for you – get a mentor – someone you trust and who won't pussyfoot around. If you don't have someone like that in your life, then consider hiring a mentor or business coach to help you. Remember that a good mentor should pay for themselves by making you more money saving you time solving at least some of your problems, and reducing your costs. Having a mentor is the gold standard – but you can do it solo. It's really useful to sit down with yourself and dig away at your thinking. Put on the hat of an experienced business coach and look at things as though from their point of view. You could even have AI do it for you if you construct a prompt correctly. I love mentoring and I love being mentored. Mentoring is one of the hardest things I do, and on e of the most rewarding. When someone “gets it” and see's their own potential – then goes out and takes action – that's just fabulous… I wish I'd hired a mentor much sooner – it would have saved a lot of time, money and frustration, because I used to spend way too long inside my own head, caught up in my very own nonsense and limiting beliefs. My mentor got me out of that loop. Incidentally, his metaphor was that it's life is like you're on a train at a station and the train on the next platform to you begins to move. You can't tell if it's your train moving or theirs. Your mentor acts as the unconnected man standing on the platform looking at both trains. From that point of view it's pretty bloody obvious which train's moving, isn't it? That's the power of having a mentor who is outside of your situation. A good mentor can look at it objectively and give you the real deal or at least a different lens to look through. Several of my mentees have said that this is the one thing that transforms everything, because they've been so caught up in their own heads, their own thinking, and the constraints of their own beliefs and paradigms that they can't see the wood for the trees. It makes me smile when one of the guys thanked me for calling them out on their own bullshit. So here's my suggestion: take a cup of tea, pen and paper, and start writing out your priorities. All of them. Every single one.  Now brace yourself. Go back and circle the top five. Not the top six, not the top four, just the top five. Ask yourself - if those five things happened, would the rest of the list be important anymore? If you look deep inside of yourself, the answer is probably no. Those forty-seven other things aren't important.  So now take your courage in both hands and cross off everything on the list that is not one of the top five.  You'll find this exquisitely uncomfortable but that's not my problem. As you eliminate the traps and distractions of the lower-priority items, you may feel, though, you're eliminating opportunities. You are. The opportunities you're eliminating are opportunities to do less important things.  The more important things you need to focus upon are the top five items that you circled in the brain dump of everything you think might be ever so slightly important in your life, within which are the treasures of what matters most. Try this for yourself and let's see how you get on… I'd love to hear from you. Drop me an email to info@neilcowmeadow.com and  if you have any comments, questions or problems,  get in touch  - again it's info@neilcowmeadow.com    or on X where I am @The Tutor Podcast Let's leave it there for today – I hope this show has got you thinking and has been some help to you and that you'll join me next time on The Tutor Podcast for more No-BS tips and ideas of how to Start, Grow and Love YOUR Tutoring Business – just like I love mine. Till then, remember that your time is precious, your life is largely what you make it, so always make it good. Be excellent to yourselves - stay healthy, stay useful, remember that you're always loved and you're never alone. Have a Fabulous Day!

Were major indexes able to rebound after a week of turbulence? And how will the U.S. regulators' green light of tokenized stocks impact trading? Plus, What does Warren Buffet's decision to step down mean for the future of Berkshire Hathaway? Host Shradha Dinesh discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Were major indexes able to rebound after a week of turbulence? And how will the U.S. regulators' green light of tokenized stocks impact trading? Plus, What does Warren Buffet's decision to step down mean for the future of Berkshire Hathaway? Host Shradha Dinesh discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

P.M. Edition for Sept. 18. In a letter to investors today, legendary investor Warren Buffett said he would step down as chairman of Berkshire Hathaway. WSJ deputy markets editor Justin Baer discusses why it's happening now, and the details of Buffett's long-held succession plan. Plus, Disney has hired the head of artificial-intelligence company Character.AI to be its first chief technology officer. We hear from Journal reporter Ben Fritz about how this fits into CEO Josh D'Amaro's strategy. And President Trump says he's banning CNN, MS Now and Politico from the White House over their coverage of his administration. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What does Warren Buffett stepping down as Chairman on Berkshire Hathaway mean for the company? Plus, some big moves in the Yen after the Bank of Japan hikes interest rates, looking to get ahead of any inflation. And Nike loses some more star power with Kylian Mbappe announcing he is signing with On as they look to expand into international football.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber explored what's next for the markets after Thursday's post-Fed rate hike rally — which marked the best day for the Nasdaq and S&P 500 since early August. The anchors also discussed Warren Buffett stepping down as chairman of Berkshire Hathaway. A big day for Apple: Its iPhone 18 lineup debuted in stores worldwide. Cramer spoke about what Apple CEO John Ternus told him at the company's flagship store in New York City. Also in focus: The Federal Reserve releases an independent review of the 2023 Silicon Valley Bank collapse; Record-high diesel prices' impact on the economy; Netflix downgraded; Wells Fargo bank analyst Mike Mayo's note on financial regulation and the midterms; Big banks in correction territory; All things AI. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episode #1452: It's Friday as we look at where dealer service scheduling still breaks down, how Ford wants dealers turning connected technology into service opportunities, and Warren Buffett passing the Berkshire Hathaway chairman's seat to his son How...

Market update for September 18, 2026Limited Time Promo: Sign up for a Public account, deposit $1,000 and get $100 in free stock (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today's episode, Zaid covers:Why stocks rallied after the Fed's first rate hike in three years Why the Bank of Japan's highest interest rate since 1995 could matter to U.S. investorsWarren Buffett stepping down as Berkshire Hathaway chairman after six decadesYeti rising on an analyst upgradeNetflix falling as Wells Fargo raises concerns about engagementApple sweeping the Emmy Awards despite almost nobody watching their shows

CALLING ALL PARROTHEADS! What's new, what's Jimmy-inspired, and what's making waves in the Trop Rock world? Find out this Friday at 5:00 PM Eastern on Buffett on the Radio with Jersey Jon Persons, only on Radio A1A!This week, we're cranking up the volume on BRAND-NEW songs inspired by Jimmy Buffett, the Margaritaville way of life, and that unmistakable island state of mind. Fresh songs. New artists. Plenty of Buffett vibes.So kick off your flip-flops, grab your favorite cold beverage, and leave those worries at the dock. We're taking you on another musical escape where the salt air is warm, the stories are good, and the music always points toward paradise. LISTEN LIVE Friday at 5:00 PM Eastern RadioA1A.comStreaming 24/7 with the finest independent singer-songwriters in the Trop Rock universe.No passport. No sunscreen. No vacation days required. Can't make it Friday?No problem! Catch the replay later on Apple Podcasts, Spotify, or your favorite podcast app—whenever you're ready to drop anchor and escape for a while. Sunshine. Stories. Songs.And a whole lot of music inspired by the sailor who taught us that the journey is just as important as the destination.Radio A1A — Music for the Road to Paradise.We'll see you Friday! And remember...The flip-flops are optional...But, the good vibes are mandatory. Support this show http://supporter.acast.com/a1a-media-network. Hosted on Acast. See acast.com/privacy for more information.

En el episodio de hoy Valentina Orduz y Juan Manuel de los Reyes analizaron la sexta subida de tasas del Banco de Japón, que llevó su tipo oficial al 1.25%, el nivel más alto desde 1995. Repasaron también las declaraciones de Jensen Huang, CEO de Nvidia, quien anticipó que la compañía venderá cerca del doble de chips el próximo año, y examinaron los límites reales de ese optimismo. Finalmente, comentaron el retiro de Warren Buffett de la presidencia de Berkshire Hathaway tras casi seis décadas al mando, un cambio que cierra una era y deja lecciones sobre resiliencia, interés compuesto y disciplina de inversión a largo plazo.

That would have went straight through my body. Buffett family drama. It's pretty big dude.See omnystudio.com/listener for privacy information.

Una mujer que vivía del paro y fue rechazada por doce editoriales. Un chico que vendía crack en Brooklyn. Un adolescente tan mal vendedor que los inversores le preguntaban qué opinaba su padre. Y un australiano que heredó un periódico moribundo. Hoy analizo qué hicieron distinto estas cuatro personas para construir fortunas descomunales, qué patrones se repiten en todas sus historias, y algo que casi nadie mira: el precio muy diferente que pagó cada uno. Porque hay dos formas de ganar, y solo una de ellas te deja algo cuando terminas.

Watch demo on https://www.youtube.com/watch?v=uP5nIz3rOvo In this episode of Exploring Mining, host Cali Van Zant sits down with Michael Diegelmann of Warren Wise to unpack Agentic Finance and synthetic investors built on Graham, Buffett, and Munger. They walk through multi-agent AI that turns corporate reports into 80-page buy-side analysis in under an hour, then put BHP and Rio Tinto through the same gates—business model, earnings quality, governance, and machine-readable reporting. The episode covers how miners can see how the buy side actually reads their story before it hits the market. Learn more at: https://warren-wise.com/en/X: https://x.com/WarrenWise2026LinkedIn: https://www.linkedin.com/showcase/warren-wise/https://warren-wise.com/en/podcast/warrens-watchlist/ About Investorideas.com - Big Investing Ideas Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This is not investment opinion. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp Follow us on X @investorideas @Exploringmining

Una mujer que vivía del paro y fue rechazada por doce editoriales. Un chico que vendía crack en Brooklyn. Un adolescente tan mal vendedor que los inversores le preguntaban qué opinaba su padre. Y un australiano que heredó un periódico moribundo. Hoy analizo qué hicieron distinto estas cuatro personas para construir fortunas descomunales, qué patrones se repiten en todas sus historias, y algo que casi nadie mira: el precio muy diferente que pagó cada uno. Porque hay dos formas de ganar, y solo una de ellas te deja algo cuando terminas.

Una mujer que vivía del paro y fue rechazada por doce editoriales. Un chico que vendía crack en Brooklyn. Un adolescente tan mal vendedor que los inversores le preguntaban qué opinaba su padre. Y un australiano que heredó un periódico moribundo. Hoy analizo qué hicieron distinto estas cuatro personas para construir fortunas descomunales, qué patrones se repiten en todas sus historias, y algo que casi nadie mira: el precio muy diferente que pagó cada uno. Porque hay dos formas de ganar, y solo una de ellas te deja algo cuando terminas.

Today, we head to the Annapolis Maritime Museum & Park with Dick Franyo, owner of the Boatyard Bar & Grill and the driving force behind the 21st annual Boatyard Beach Bash(and 1 through 20 as well). What started after Tropical Storm Isabel as a way to help the Maritime Museum recover has grown into one of Annapolis' signature parties, raising $1.7 million over the years to support the Museum and its educational programs. We talk with Franyo about how his love of Jimmy Buffett helped shape the event, his personal connection with Buffett and the Coral Reefer Band, and what makes the Beach Bash such a special night. This year's event is September 19 and features an incredible lineup of musicians with deep Buffett connections, six hours of music, Boatyard food, an open bar and a new raw and grilled oyster bar. And Franyo points out that the musicians don't disappear backstage—they hang around, giving guests a chance to meet them and hear some stories about life on the road with Jimmy Buffett. Tickets are limited, the event typically sells out, and every ticket helps support the Annapolis Maritime Museum & Park and its work educating thousands of students about the Chesapeake Bay. Get your Boatyard Beach Bash tickets here. Have a listen.

"But remember, you only lose money if you sell."   This episode breaks down growing concerns from Mark Zuckerberg, Michael Burry, and an internal White House report that AI stocks may be entering bubble territory, and why that matters directly to anyone with a 401k or IRA. He shows just how concentrated most retirement accounts already are in a handful of AI linked tech stocks.   Jaspreet Singh compares today's market to the 2000 dot-com bubble using measures like market concentration, tech sector share, the Buffett indicator, and index fund dominance, while pointing out key differences like real company profits and the risk of circular financing among AI companies. He closes by explaining how long-term investors should think about market downturns instead of panicking.   In this episode, you'll learn: How much of a typical S&P 500 or target date fund investment goes into Nvidia, Apple, Alphabet, Microsoft, and Amazon Four ways today's market resembles the 2000 dot-com bubble: concentration, tech sector weight, the Buffett indicator, and index fund dominance What circular financing among AI companies means and why it raises risk Two key differences between the dot-com era and today, including real revenue and profits versus story based valuations Why the US-China AI race and competition over the dollar are driving continued investment into AI Why you only lose money in a downturn if you sell, and how past market crashes created major buying opportunities The ABB (Always Be Buying) approach to investing through bubbles and downturns instead of panic selling Why a long-term investor with years ahead of them can treat an AI pullback differently than someone near retirement   Keywords: AI bubble, 401k, S&P 500 concentration, index funds, dot-com bubble, circular financing, target date funds, US China AI race, long-term investing, market crash   ✅ Register for my investing Workshop & get Market Briefs as a bonus: Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

"But remember, you only lose money if you sell."   This episode breaks down growing concerns from Mark Zuckerberg, Michael Burry, and an internal White House report that AI stocks may be entering bubble territory, and why that matters directly to anyone with a 401k or IRA. He shows just how concentrated most retirement accounts already are in a handful of AI linked tech stocks.   Jaspreet Singh compares today's market to the 2000 dot-com bubble using measures like market concentration, tech sector share, the Buffett indicator, and index fund dominance, while pointing out key differences like real company profits and the risk of circular financing among AI companies. He closes by explaining how long-term investors should think about market downturns instead of panicking.   In this episode, you'll learn: How much of a typical S&P 500 or target date fund investment goes into Nvidia, Apple, Alphabet, Microsoft, and Amazon Four ways today's market resembles the 2000 dot-com bubble: concentration, tech sector weight, the Buffett indicator, and index fund dominance What circular financing among AI companies means and why it raises risk Two key differences between the dot-com era and today, including real revenue and profits versus story based valuations Why the US-China AI race and competition over the dollar are driving continued investment into AI Why you only lose money in a downturn if you sell, and how past market crashes created major buying opportunities The ABB (Always Be Buying) approach to investing through bubbles and downturns instead of panic selling Why a long-term investor with years ahead of them can treat an AI pullback differently than someone near retirement   Keywords: AI bubble, 401k, S&P 500 concentration, index funds, dot-com bubble, circular financing, target date funds, US China AI race, long-term investing, market crash   Register for my investing Workshop & get Market Briefs as a bonus: Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

The LA Rams are Super Bowl favorites… because the GM learned from Warren Buffett.Deli menus are populated with gross AI-gen images… because of AI inbreeding.America is at war (economically) with Canada… and we can see it all in one private jet brand.Plus, young men aren't showering… they're “Pheromone-maxxing.”$SPY $NKE $BBDGrab your Tickets to the IPO Tour: Our In-Person OfferingSan Francisco 9/23: https://www.ticketmaster.com/event/1C0064AFB5F688BDBoston 10/14: https://tickets.citywinery.com/event/tboy-the-ipo-tour-in-person-offering-8cdhupSeattle 11/4 (21+): https://www.axs.com/events/1446394/the-best-one-yet-ticketsNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

“When people trade, even before fees and commissions, the average trade loses money.” — Alex Edmans Isaac Newton might be able to foresee the movement of the stars, but he couldn't foretell the madness of men. It was a lesson that cost the great physicist £4 million (in today's money) when he threw his fortune into the South Sea Bubble. This priceless parable in Newtonian psychology opens The Madness of Markets, the new book by Alex Edmans — London Business School finance prof, old friend of the show, and author of the bestselling May Contain Lies. Dr Edmans's prognosis is bracingly unflattering to guys like Isaac Newton and Mark Twain who splurge their fortunes on speculative ventures. Intelligence, he reminds us, is domain-specific, but many smart people simply aren't intelligent enough to realize this. So, in the age of Robinhood — when we can all trade anything from stocks, options, crypto to NFTs — the supposed wisdom of crowds is sometimes driven over the cliff by the irrational exuberance of dumb individuals. Speaking of driving off the cliff, ninety percent of us think we're above-average drivers, Edmans jokes, and this same delusion applies to markets. Unfortunately, such stupidity can be expensive for big brain types like Newton or Twain. “When people trade, even before fees and commissions, the average trade loses money,” he warns. So close your Robinhood account and stick your cash in the bank? No, not quite. Know your edge, Edmans reminds us. And when it comes to making sense of the current AI boom, Edmans offers some particularly wise words. The AI sector trades at 25 to 30 times earnings rather than Cisco's bubble-era 190, he notes, so it's unlikely anyone will lose their life's savings on Anthropic or OpenAI. That said, the good doctor Edmans advises, don't confuse your self-worth with your net worth. That's a rookie conceit that only somebody as smart as Isaac Newton would fall for. Five Takeaways •       Newton's £4 Million. The book leads with the smartest victim on record: Isaac Newton rode the South Sea Bubble, banked a tidy profit, dove back in at the very top, and lost £20,000 — £4 million today — lamenting that he could predict the movement of the stars but not the madness of men. (Andrew's companion case, via last month's Citizen Twain episode with Jeff Jarvis: Mark Twain, genius writer, ruinous investor.) The lesson is that smartness is domain-specific: beating the market requires knowing the company, the industry, and — crucially — what's already priced in. A great secretary of state evaluating Theranos is the Dunning-Kruger effect in a suit: expertise misapplied, one piece of the mosaic mistaken for the whole. Even Warren Buffett's edge, Edmans notes, is partly restraint — don't watch the market too closely, or you'll mistake noise for signal.•       Know Your Edge. Edmans's framework: play the market only if you can name your edge — knowledge (unique insight into a sector) or endurance (capital that can't be withdrawn by flighty clients). His endurance exemplar is Clare College, Cambridge, which borrowed £10 million in the depths of 2008 and put it all into equities via its “2048 Fund”: a decade later the portfolio had tripled while the loan had merely doubled. No edge? Then “be humble” and hold a low-cost, globally diversified index fund — because the alternative is expensive. In the age of Robinhood, the market for everything has been democratized; the zero-commission promise is a myth (retail options bid-ask spreads run 20 to 25 percent); and the brokerage data is brutal: the average retail trade loses money before fees. “I'm generally a libertarian,” Edmans concedes — but decisions that jeopardize your financial future deserve a warning label.•       Why the Ox Doesn't Apply. The week's second Surowiecki appearance (after the Brunton episode): Edmans explains why the wisdom of crowds — the county-fair ox whose weight the crowd guesses perfectly — fails in markets. Two reasons: nobody is emotionally attached to the weight of an ox, and the guesses are secret. Stocks invert both — in a bubble everyone bids high together, and trading is public: Reddit threads, boasting friends, influencers, and the survivorship bias of gamblers who only mention their wins. Hence Andrew's cocktail-party indicator, confirmed: when smart, successful people start telling you how much AI they're buying, the trade is crowded and richly priced. The contrarian lineage — Graham, Buffett, Greenblatt — exists precisely to take the other side of mimicry. Or, per Andrew's accepted inversion of the subtitle: why crazy investors make smart decisions — Ford's faster horses, Moneyball's walks, Jobs's refusal to ask customers what they want.•       Is AI a Bubble? Maybe Not. The hour's most contrarian calm. There are moments, Edmans says, when reasonable people could call a bubble in real time — Cisco in 2000 traded at a price-earnings ratio of 190, triple Microsoft's. AI today trades at roughly 25 to 30 times earnings; the bear case is that those earnings rest on capex (Meta's own investors say it's spending too much) that may not be sustainable. His verdict: fairly priced, or modestly overvalued — “something about which reasonable people have different views.” On using AI to invest, the rule is anti-confirmation: don't ask it why you're right or to advocate for your pitch; ask it why you're wrong, and let it gather mosaic pieces (Glassdoor culture scrapes) while humans still walk shop floors and read management's eyes. Andrew's gloss: it's unlikely anyone will lose their life's savings on Anthropic or OpenAI. The teaser: FT journalist Robin Wigglesworth — who blurbs this book “a maddeningly good read” and warns in the Times of the AI debt binge — visits this show soon.•       Cutting Our Flowers, Watering Our Weeds. Andrew's Claudeception question — what happens when Anthropic feeds The Madness of Markets into its AI and everyone turns contrarian? — got a data answer: when a trading strategy is published in the Journal of Finance, its returns fall by only about a third. Money stays on the table because psychology is stubborn: momentum (buy six-month winners) has worked since 1993, yet it fights the disposition effect — our temptation to bank winners and cling to losers, chasing casino losses, “cutting our flowers and watering our weeds.” Timing cuts both ways: six-month winners keep winning, three-year winners revert — the foundation of contrarianism — but calling the market's top or bottom is near-impossible, which is why Edmans bought heavily in late 2008 content to be “80 percent right.” And the closing wisdom, after Joe Kennedy's 1928 exit and Trump's well-timed memecoin: your self-worth should have nothing to do with your net worth — a rookie conceit, as Andrew's intro has it, that only somebody as smart as Isaac Newton would fall for. About the Guest Alex Edmans is Professor of Finance at London Business School and a leading expert on market psychology. His research has featured in the Financial Times, The Wall Street Journal, and on the BBC, and he has advised sovereign wealth funds, pension funds, and asset managers worldwide. He is the author of May Contain Lies, an Amazon number-one bestseller disc...

What happens when Julie goes to Key West for Jimmy Buffett weekend and Dan stays home in Connecticut?Apparently, a long-distance Casa De Confidence quickie.Julie joins Dan from the La Concha in Key West, where she's grabbing breakfast with friends Melissa and Dawn before heading out on a boat during the Just a Few Friends celebration honoring the life and legacy of Jimmy Buffett.What starts as a quick check-in turns into a conversation about something much bigger: what happens when someone's legacy continues creating good long after they're gone?Julie shares what she's experiencing in Key West as Jimmy Buffett fans gather to celebrate the music, lifestyle, stories, and generosity that made Buffett much more than a musician to so many people.The celebration isn't only bringing fans together. Julie talks about how the weekend supports charitable causes and brings visitors, energy, and economic activity to Key West during what is typically a quieter time of year.She also shares her visit to Books & Books, where she met authors whose work explores Key West and Jimmy Buffett's legacy, including one writer whose personal loss became part of his own healing journey through writing.And because this is Casa De Confidence, things don't stay serious for too long.There's also a Key West thunderstorm, a restaurant power outage that left Julie and her friends temporarily unable to pay their bill, Dan's questionable memory of Vince Vaughn movies, an accidental conversation about swingers, microphone troubleshooting, and a final warning from Dan:Julie, stay off the jet skis.If you've ever wondered why Jimmy Buffett's influence continues to resonate years beyond the music, this little Casa quickie offers a glimpse into the answer.Legacy isn't only what you accomplish while you're here.Sometimes it's what other people continue doing because you were here.In this episode: Why Julie is spending Labor Day weekend in Key West  The Just a Few Friends Jimmy Buffett celebration  How Buffett's legacy continues through community and charitable giving  Why the weekend matters to the local Key West economy  Julie's visit to Books & Books  Authors documenting Key West and Jimmy Buffett's story  How writing can become part of healing after loss  A memorable Key West power outage  Julie and Dan's long-distance marriage banter  Why Dan does NOT want Julie anywhere near a jet ski Pull up a chair, grab a drink, and make yourself at home.Our Casa is your Casa.And as always, go confidently in the direction of your dreams.I want to hear your thoughts about the show and this episode. Text us here...Support the showCasa De Confidence is a podcast for women navigating midlife reinvention, entrepreneurship, leadership, and personal growth. Hosted by Julie DeLucca-Collins, the show explores confidence, sustainable business success, visibility, authority building, and aligned growth for women entrepreneurs ready to lead boldly and live intentionally. Through real conversations and practical insights, listeners gain clarity, strengthen confidence, and develop strategies to expand their impact, voice, and opportunities.Liked this episode? Share it with your midlife woman, entrepreneur friends!Love this show? Let us know how we helped you increase your confidence by leaving a review.For more about me and what I do, check out my website.If you're looking for support to grow your business faster, be positioned as an authority in your industry, and impact the masses, schedule a call to explore if you'd be a good fit for one of my coaching programs.Follow Julie DeLucca-Collins on Instagram at @julie_deluccacollins

Rod Khleif is buying assisted living buildings at $40,000 a room. Replacement cost is $250,000.Rod Khleif lost $50 million in 2008 when a cross-collateralized package of 800 houses pulled his multifamily portfolio down with it. He rebuilt. His students now collectively own more than 305,000 units.In this conversation Rod walks through what he is buying right now, and the math is hard to believe until he shows it. He has two assisted living memory care facilities closed and five more under contract across San Antonio, Houston, and Dallas, at $40,000 per unit. Replacement cost on those same rooms runs $250,000 to $350,000. He calls it the best deal of his career, and he had to soften the occupancy assumptions on the proforma because the real numbers looked unbelievable.He also lays out why multifamily is in a tailspin, with roughly $1 trillion in debt coming due, sales down about 90 percent, and refinancing nearly impossible under current debt service coverage requirements. His read on it is straight Buffett: be greedy when others are fearful.In this episode:Why Rod walked away from senior housing in 2008 and came back to it nowThe silver tsunami math: 8,000 to 10,000 people a day turning 80, with only about 4% of needed beds getting builtHow he vets a senior housing operator, and the last-minute red flag that ended a dealWhy five units and up beats a fourplex, because value runs on net income instead of comparable salesA 296-unit property where a $25 parking spot created a $750,000 increase in valueAbout Rod Khleif: Rod has owned and managed more than 2,000 homes and multiple apartment complexes, built 30 businesses, and hosts one of the largest commercial real estate podcasts in the world. He spent 26 years around Tony Robbins, eight of them on his team, and his Warrior coaching program is built around the same recovery methodology he used after 2008.Links:

After leaving behind decades of legendary music, Rock & Roll Hall of Famer Jimmy Buffett passed away in 2023. Thankfully, in 2026, filmmaker John H. Cunningham has gathered the musicians, producers and experts who were there with Jimmy for the beginning of his incredible career. From his writing days in Nashville to finding a home in Key West, the OCCUPATIONAL HAZARD documentary walks you through Buffett's origin story, courtesy of our guest, John H. Cunningham. Let's talk about it...

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Warren Buffett has never invested in property in his life. That doesn't mean his rulebook can't tell you if it's worth investing right now... Rob & Rob borrow the value investor's toolkit, the same one that made Buffett one of the richest people alive, and run UK property through it from first principles. They build a fair value model using bond yields, price-to-income ratios and the cost of building from scratch, then compare it against what property is trading for today. The numbers say something most headlines aren't telling you. (00:48) News story of the week (03:25) How Warren Buffett's approach to picking shares translates almost perfectly to buying a house (06:53) How to calculate what UK property should really be yielding (10:30) Two completely different lenses for valuing property, and they both point in the same direction (16:19) The one advantage property investors have that Warren Buffett doesn't  (21:08) Why Rob & Rob don't want a property boom right now, even though it would boost their own numbers (22:54) Hub Extra Links mentioned: Commuter growth peaks in the north The Invite Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Find out more about Property Hub Invest

Dave welcomes everyone back for Episode 2 of Nothing to Hyde…by once again calling it Nowhere to Hide. Fortunately, Kim Bokamper is there to keep Dave somewhat on track as the guys tackle some much bigger questions surrounding the Miami Dolphins heading into the 2026 season.The Dolphins have one of the youngest rosters in football, could start as many as eight rookies, and are coming off what Bo calls one of the most “hideous” three-game stretches of preseason football he's ever seen. So what exactly should Dolphins fans expect this season?Dave and Bo discuss Malik Willis, the addition of former Syracuse quarterback Kyle McCord, Miami's young receiving corps, the massive role this rookie class could play and why this season may need to be judged by something other than wins and losses.Then Dave poses the question nobody wants to hear: Is Miami more likely to win four games…or none at all?But this is Nothing to Hyde, so naturally the conversation doesn't stay on football.Dave celebrates Warren Buffett's 96th birthday with an incredible story about calling Berkshire Hathaway and unexpectedly finding himself talking to Buffett for 30 minutes. That sends Bo down memory lane with stories involving Buffett, Don Shula, Edwin Pope—and his daughter having absolutely no idea she was standing near one of the richest men in the world.And finally, the guys tackle perhaps the most important Dolphins debate of all:Who has the greatest mustache in Miami Dolphins history?Jacob Rodriguez? Larry Csonka? Manny Fernandez? Or is Bo shamelessly voting for himself?Plus, Bo reveals why his daughters once cried when he shaved his mustache—and the questionable facial-hair decision he made immediately before his wedding.To follow Dave Hyde's Substack, visit https://davehyde.substack.com/

My guest today is Professor Paul Johnson, a veteran value investor, long-time Columbia and Fordham professor, and co-author of The Enduring Value of Roger Murray, Pitch the Perfect Investment, and The Gorilla Game. He's taught in the same value investing tradition that runs from Benjamin Graham through Roger Murray, and he brings both a practitioner's and a historian's eye to our conversation today.02:10 – Origin story: a teenage bet on a gold penny stock turned $250 into $2,500 and hooked Paul on markets with "no physical labor."08:46 – Debut theory: the '73–'74 crash plus the rise of relative performance permanently reshaped investing after Graham.10:54 – Buffett's 1991 letter: value and growth investing are "basically the same thing" — the label "value investing" is redundant.24:54 – Correction for the record: David Dodd, not Murray, taught Security Analysis until 1961.27:04 – Murray's core contribution: rigor and discipline — illustrated by the Leon Cooperman "400-number table" story.33:26 – The magnet metaphor: intrinsic value pulls price toward it over time, though price can overshoot or undershoot.42:28 – Paul pushes back on his own construct: ignoring the future still means betting value stays stable.47:39 – Bruce Greenwald's addition: sustainable competitive advantage, and the 1997 "Competitive Advantage Period" paper with Mauboussin.51:53 – Why growth concentrates in mega-caps: scale, internet infrastructure, and the "optionality" to acquire threats early.58:45 – Framing device: "What if AI is just a normal disruptive technology?" — like electricity or the internal combustion engine.01:16:14 – "I say the key to investment" — a superior value estimate plus the ability to hold through volatility.01:17:33 – A Buffett-adjacent friend rode $10K to $1B because he "didn't want to disappoint Warren."Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed.

In this episode, Ben Felix and Dan Bortolotti take on 10 of the biggest myths in personal finance and investing. From the idea that young people should save every possible dollar to benefit from compounding, to assumptions about economic growth, dividends, index funds, valuation ratios, stock picking, bonds, gold, and homeownership, they examine the subtle details that can make  conventional wisdom misleading.   Ben and Dan explore why personal finance is often about balance rather than absolute rules, why spending decisions can be just as important as saving decisions, and how investors can confuse familiar stories with useful financial principles. Along the way, they discuss consumption smoothing, marginal utility, total returns, diversification, valuation, risk, inflation, and the trade-offs between renting and owning.   They also announce a new podcast initiative: future episodes featuring PWL clients discussing their experiences and the impact that financial planning has had on their lives.   Key Points From This Episode: (0:00:00) Highlights. (0:00:35) Ben and Dan return to the podcast and discuss recording from PWL's Montreal office. (0:01:09) A new podcast initiative: PWL clients will join future episodes to discuss their experiences with financial planning. (0:01:43) A new podcast initiative: PWL clients will join future episodes to discuss their experiences with financial planning. (0:02:18) How greater clarity about their finances can affect clients' important life decisions. (0:05:30) Introducing the main topic: 10 of the biggest myths in personal finance. (0:06:24) Myth #1: You should save as much as possible when you're young to maximize the benefits of compounding. (0:08:54) Why the marginal utility of consumption may be highest when income and living standards are comparatively low. (0:11:26) How health, skills, and experiences can also compound over time. (0:12:31) Why aggressive saving habits can sometimes lead to an inability to spend accumulated wealth. (0:13:37) Helping retirees identify what they actually enjoy spending money on. (0:15:35) Why spending and saving decisions can become emotionally charged and feel irreversible. (0:17:30) Saving as deferred consumption—and why the answer for most people is some balance between spending now and saving for later. (0:18:50) The life-cycle model and the idea of smoothing consumption across a lifetime. (0:20:23) Building a saving habit while also learning to spend thoughtfully. (0:21:09) Myth #2: Economic growth is good for stock returns. (0:21:30) Why economic headlines can influence investor psychology and investment decisions. (0:25:12) Why strong economic growth does not necessarily translate into strong stock returns. (0:25:12) Myth #3: Dividends explain a large percentage of historical stock market returns. (0:27:52) Why the source of a company's return does not make one component inherently more valuable than another. (0:30:57) Myth #4: Index funds only give investors average returns. (0:30:57) Why an index fund can outperform most active investors. (0:33:14) The difference between average performance and the performance of the average investor. (0:36:31) Myth #5: Future market returns are always low when the Shiller CAPE ratio is above 40. (0:36:31) What the Shiller cyclically adjusted price-to-earnings ratio measures. (0:41:25) Why valuation can contain information about expected returns without providing certainty about what markets will do next. (0:43:24) Myth #6: Warren Buffett proves that investors can beat the stock market by picking stocks. (0:43:24) Buffett's extraordinary career, the importance of his early performance, and the difficulty of using exceptional outcomes as a general strategy. (0:46:17) Myth #7: Bonds and cash are safe investments. (0:46:17) Why reducing stock exposure does not eliminate investment risk. (0:50:03) The distinction between short-term volatility and other risks, including inflation and purchasing-power risk. (0:53:59) Myth #8: Gold is an inflation hedge. (0:53:59) Why gold's long-term preservation of purchasing power does not necessarily make it a reliable hedge over intermediate periods. (0:56:28) Myth #9: Gold is the one true currency. (0:56:28) The long-running debate over what money is and who should control it. (1:00:42) Myth #10: Renting a home is throwing money away. (1:00:42) Why paying rent provides housing while allowing renters to retain capital for other purposes. (1:08:04) Why simple rules of thumb can sometimes be useful even when they are not financially optimal in every situation. (1:09:52) Wrapping up the 10 myths in personal finance.   Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/   Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

Oil Reserves taking a hit. Finally getting to the recent high profile earnings. Market Top Calls (again). ALL TIME HIGHS – Then some consolidation (then highs again). Situational Awareness Update. SpaceX Bounces… 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 S. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Oil Reserves taking a hit - Getting to the recent high profile earnings - Market Top Calls (again) Markets - ALL TIME HIGHS - Then some consolidation - Lets round out earnings - Situational Awareness Update - SpaceX Bounces... Etsy - Layoffs With Better Numbers - Etsy is cutting about 220 jobs, or 12% of its workforce. - Management said the cuts were not primarily about cost savings or AI. ----- CEO Kruti Patel Goyal stated the restructuring aims to simplify the organization, remove management layers, and speed up decision-making to better compete against massive rivals like Amazon, Temu, and TikTok Shop - Q2 revenue was about $668 million and core marketplace sales improved. - Etsy also authorized another $2 billion share buyback. - Comes after selling Depop to eBay for about $1.4 billion. Polysilicon - Tariffs Plus Price Floors - U.S. policy adds a 15% tariff and minimum import prices on polysilicon and solar products. - Goal is to protect domestic production from low-cost foreign competition. - U.S. share of global polysilicon capacity fell from about 50% in 2005 to under 2% in 2024. - First Solar and T1 Energy jumped on the announcement. ---- The same playbook - rinse and repeat Chipotle - Salmonella Returns - Minnesota officials linked a salmonella outbreak to jalapenos served at Chipotle. - Chipotle removed the affected pepper supply and switched growers. - Shares fell roughly 8%-10% as investors remembered the company's earlier food-safety problems. - This is on top of the lettuce situation with Sweetgreen- look at  STOCK CHART FOR SG Michael Burry - Calling a Major Top - Michael Burry says the market may be near a "major top." - Warned of the possibility of a 1987-style market drop. - He is short names including Nvidia, Palantir, Tesla and semiconductor stocks. - Main concern is stretched valuations and crowded trades unwinding quickly. - This may be the 100th top he has called since the GFC ---- NVIDIA TURNS GPUs INTO AN ASSET CLASS - Nvidia signed preliminary agreements with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize more than $500 billion for AI infrastructure. - The Wall Street firms would create dedicated pools of capital to finance Nvidia-based data centers and compute infrastructure at what Nvidia calls attractive rates for customers. - Jensen Huang: “This is really the first time that technology chips have become an investable asset class.” Nvidia says the compute assets now generate revenue and can increasingly be financed like infrastructure. - Nvidia could backstop as much as 25% of individual investments on a case-by-case basis - potentially up to about $125 billion if applied across the full program. STRATEGIC PETROLEUM RESERVE BREAKS 300 MILLION - The Strategic Petroleum Reserve fell by 6.1 million barrels to 298.7 million barrels for the week ended Aug. 7 - below 300 million for the first time since January 1983. - The SPR started 2026 around 415 million barrels, meaning more than 100 million barrels have already come out this year as releases were used to offset disruptions from the Iran conflict. - The reserve's authorized storage capacity is roughly 714 million barrels, leaving current inventories at about 42% of capacity. - Oil on the rise last week Earnings and such Toyota - Big Buyback, Better Outlook - Toyota raised its annual operating-profit forecast 13%, helped by the weaker yen. - Announced a share buyback worth up to $6.3 billion. - Quarterly operating profit still fell 9%, hurt by China weakness and higher Middle East-related costs. McDonald's - Value Problem - U.S. same-store sales rose just 0.8%, below expectations and well below last year's 2.5% growth. - Management blamed weak execution of value promotions and fewer digital deals. (and probably because everyone is taking weight loss drugs - see above) - Lower-income customer traffic remains a major pressure point. - McDonald's is bringing back more digital offers and loyalty promotions to drive traffic. Eli Lilly - Weight-Loss Machine - Lilly crushed Q2 expectations as Mounjaro and Zepbound drove most of the growth. - Mounjaro sales hit $9.94 billion; Zepbound brought in $4.93 billion. - Raised 2026 revenue guidance to $85-$87 billion. - Verzenio, its major breast-cancer drug, remains one of Lilly's biggest non-obesity products. - Lilly continues widening its lead over Novo Nordisk in the obesity-drug market. Disney - Parks Keep Printing Money - Quarterly adjusted EPS rose 28% to $2.06, beating the $1.86 estimate. - Parks and experiences revenue increased 10% to nearly $10 billion. - Global park attendance grew 4%. - Disney is selling its 50% stake in A+E Networks to Hearst for an estimated $1.2 billion. Oil - OPEC Adds Barrels, Maybe - OPEC+ agreed to raise September production targets by another 188,000 barrels per day. - The increase completes the rollback of a 1.65 million-barrel-per-day supply cut dating back to 2023. (In other words - planned so not a surprise) - Actual supply remains constrained because several producers are already pumping below quota. - Any normalization around the Strait of Hormuz could suddenly make OPEC+'s additional barrels much more important. Berkshire Hathaway - Greg Abel Starts Spending - Q2 operating earnings rose 16% to about $13 billion. - Berkshire bought $23.5 billion of stocks and sold just $3.7 billion - its first quarter as a net stock buyer in 14 quarters. - Bought back $4.5 billion of Berkshire shares, versus only $235 million in Q1. - Cash dropped from roughly $380 billion to $365 billion as Abel starts putting the massive cash pile to work. - Important shift: Buffett is still chairman, but this is one of the clearest signs yet of how Greg Abel may allocate capital differently as CEO. Situational Awareness - Nearly Blows Up, Investors Want Back In - The fund lost 67% in July after leveraged AI bets collapsed and forced a major stock sale to Citadel. - Despite the blowup, Situational Awareness was still up about 80% for 2026 because of huge earlier gains. - Bloomberg says Silicon Valley investors are already asking to put more money into the fund. - Situational Awareness is currently telling prospective investors it is not accepting new capital. - The fund has also continued making large private investments even after the near-collapse. --- Most recent was a $400B ---- There is some talk that Citadel made out like a bandit on the rescue Mercedes AMG - The Car Literally Brands You - Two Mercedes AMG owners filed a class-action lawsuit claiming the metal AMG logo embedded in the seat becomes dangerously hot in the sun. - One driver says he suffered first- and second-degree burns, with a dermatologist describing the injury as "AMG inscribed." - The lawsuit wants Mercedes to cover damages and remove the metal logos from affected vehicles. - Hard to beat this one: pay AMG money and get the logo branded into your back. Europe's Drought - History Starts Popping Out - Extreme drought and low river levels are exposing things that have been underwater or hidden for decades or centuries. - In Serbia, sunken German World War II warships have reappeared in the Danube. - In Britain, dry ground revealed outlines of medieval buildings; mammoth remains and ancient structures have also surfaced elsewhere. - Serious drought story, but visually one of the strangest side effects of the summer. Golden Toilet - $6 Million Flush - The 18-carat gold toilet was ripped out of Blenheim Palace in a five-minute raid and has never been recovered - but there is a conviction. - Prosecutors used phone data, forensic evidence and planning activity to link the gang to the theft. - One defendant had cased the palace beforehand and photographed entry points; another man had already pleaded guilty and admitted helping move the stolen gold. - Prosecutors believe the 98-kilo toilet was quickly cut up or melted down and sold as gold. - So the conviction was based on evidence of the robbery and disposal - not on recovering the actual toilet. Final Follow Up SpaceX - Space Junk Smashes Into the Moon - A dead SpaceX Falcon 9 rocket stage crashed into the moon at about 5,400 mph after drifting through space since January 2025. - The roughly 4-ton, school-bus-size object kicked up a lunar dust plume that astronomers detected from Chile. - The impact was accidental - solar activity and gravity gradually pushed the abandoned rocket stage onto a collision course. - NASA and SpaceX are now discussing ways to prevent future lunar crashes as more hardware heads toward the moon. - NEED Space garbage Trucks - something we have discussed on show for years (see next) Space Garbage Trucks - This Is Becoming a Business - Astroscale is building spacecraft designed to inspect, capture and remove dead satellites and other orbital debris. - Its ADRAS-J mission demonstrated close approach and inspection of a large piece of existing space junk - a key step before actually grabbing and removing debris. - ClearSpace is developing similar debris-removal spacecraft, including missions designed to rendezvous with and capture abandoned rocket hardware. - The business model is basically orbital towing: governments and satellite operators pay to remove dangerous junk or service aging spacecraft. - With tens of thousands of tracked objects already in orbit, "space sanitation" could become a real infrastructure business.   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