Podcasts about chicago graduate school

Jon Hartley and Eugene Fama discuss Gene's career at the University of Chicago Booth School of Business since the 1960s and helping to start Dimensional Fund Advisers (DFA) in the 1980s, fat tails, the rise of modern portfolio theory, efficient markets versus behavioral finance, factor-based investing, the role of intermediaries, and whether asset prices are elastic versus inelastic with respect to demand. Recorded on March 14, 2025. ABOUT THE SPEAKERS: Eugene F. Fama, 2013 Nobel laureate in economic sciences, is widely recognized as the "father of modern finance." His research is well-known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted. Fama is a prolific author, having written two books and published more than 100 articles in academic journals. He is among the most cited researchers in economics. In addition to the Nobel Prize in Economic Sciences, Fama was the first elected fellow of the American Finance Association in 2001. He is also a fellow of the Econometric Society and the American Academy of Arts and Sciences. He was the first recipient of three major prizes in finance: the Deutsche Bank Prize in Financial Economics (2005), the Morgan Stanley American Finance Association Award for Excellence in Finance (2007), and the Onassis Prize in Finance (2009). Other awards include the 1982 Chaire Francqui (Belgian National Science Prize), the 2006 Nicholas Molodovsky Award from the CFA Institute recognizing his work in portfolio theory and asset pricing, and the 2007 Fred Arditti Innovation Award given by the Chicago Mercantile Exchange Center for Innovation. He was awarded doctor of law degrees by the University of Rochester and DePaul University, a doctor honoris causa by the Catholic University of Leuven, Belgium, and a doctor of science honoris causa by Tufts University. Fama earned a bachelor's degree from Tufts University in 1960, followed by an MBA and PhD from the University of Chicago Graduate School of Business (now the Booth School) in 1964. He joined the GSB faculty in 1963. Fama is a father of four and a grandfather of ten. He is an avid golfer, an opera buff, and a former windsurfer and tennis player. He is a member of Malden Catholic High School's athletic hall of fame. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/

Sarah Gormley joins Let's Talk Memoir for a conversation about unpacking the baggage of self-doubt and imposter syndrome and moving toward self-love, shaping our memoirs into answers to the questions we have about our life, prioritizing pieces and elements of our story that help show readers transformation, the messiness of mother-daughter relationships, including partners and family in our memoir narratives, cutting big chunks of our manuscripts out, themes as blueprints for our structure, trusting our body when we land somewhere right, realizing what our book is actually about, and her new memoir The Order of Things.   Also in this episode: -enjoying the magic of the written word  -writing as a reader -including scenes from therapy in our memoirs   Books mentioned in this episode:  While You Were Out by Meg Kissinger Group by Christie Tate A Heartbreaking Work of Staggering Genius by David Eggers The Tender Bar by J.R. Moehringer   Sarah Gormley is a writer and art gallery owner living in Columbus, Ohio. Her undergraduate degree from DePauw University reinforced an early love for literature and writing, while the heavy sprinkling of liberal-arts fairy dust taught her how to analyze and articulate a clear point of view. She rounded out this foundation with concentrations in marketing and operations from the University of Chicago Graduate School of Business. Her marketing career included work with several global brands, including IMAX, Martha Stewart, Girl Scouts of the USA, and Adobe. Gormley was honored as one of 2015's Forty Women to Watch over 40, and she has been featured in Forbes and the CMO Club. In June 2019, she was invited to deliver the class address at her DePauw University class reunion and regrets not having her hair blown out. Today, Gormley owns a contemporary art gallery, Sarah Gormley Gallery (SGG), in downtown Columbus, Ohio.    Connect with Sarah: Website: www.sarahgormley.com Instagram: https://www.instagram.com/scgormley/ Facebook: https://www.facebook.com/sarah.gormley.3726/ LinkedIn: https://www.linkedin.com/in/gormleysarah/ – Ronit's writing has appeared in The Atlantic, The Rumpus, The New York Times, Poets & Writers, The Iowa Review, Hippocampus, The Washington Post, Writer's Digest, American Literary Review, and elsewhere. Her memoir WHEN SHE COMES BACK about the loss of her mother to the guru Bhagwan Shree Rajneesh and their eventual reconciliation was named Finalist in the 2021 Housatonic Awards Awards, the 2021 Indie Excellence Awards, and was a 2021 Book Riot Best True Crime Book. Her short story collection HOME IS A MADE-UP PLACE won Hidden River Arts' 2020 Eludia Award and the 2023 Page Turner Awards for Short Stories.  She earned an MFA in Nonfiction Writing at Pacific University, is Creative Nonfiction Editor at The Citron Review, and teaches memoir through the University of Washington's Online Continuum Program and also independently. She launched Let's Talk Memoir in 2022, lives in Seattle with her family of people and dogs, and is at work on her next book. More about Ronit: https://ronitplank.com Subscribe to Ronit's Substack: https://substack.com/@ronitplank Follow Ronit: https://www.instagram.com/ronitplank/ https://www.facebook.com/RonitPlank https://bsky.app/profile/ronitplank.bsky.social   Background photo credit: Photo by Patrick Tomasso on Unsplash Headshot photo credit: Sarah Anne Photography Theme music: Isaac Joel, Dead Moll's Fingers

Send us a textAbout This EpisodeTune in to hear the inspiring journey of Sarah Gormley, an art gallery owner and author of The Order of Things: A Memoir about Chasing Joy. Through her story of building a corporate career to navigating personal loss to opening her own gallery, we explore how taking unexpected actions fueled by self-belief can lead to finding your own sense of joy. Journey with us as we reflect on the pressures of societal and personal expectations, and discover how stepping away from the need for external validation enabled Sarah to embrace her own happiness and creativity. She also explores the profound power of self-acceptance and the neverending journey of personal transformation. Sarah's courageous story and artistic journey inspire and exemplify how vulnerability and boldness can lead to meaningful impact. Don't miss this episode filled with stories of courage, healing, and finding one's true path. About Sarah GormleySarah Gormley is a writer and art gallery owner living in Columbus, Ohio. Her undergraduate degree from DePauw University reinforced an early love for literature and writing, while the heavy sprinkling of liberal-arts fairy dust taught her how to analyze and articulate a clear point of view. She rounded out this foundation with concentrations in marketing and operations from the University of Chicago Graduate School of Business. Her marketing career included work with several global brands, including IMAX, Martha Stewart, Girl Scouts of the USA, and Adobe. Gormley was honored as one of 2015's Forty Women to Watch over 40, and she has been featured in Forbes and the CMO Club. In June 2019, she was invited to deliver the class address at her DePauw University class reunion and regrets not having her hair blown out. Today, Gormley owns a contemporary art gallery, Sarah Gormley Gallery (SGG), in downtown Columbus, Ohio. The gallery operates based on the belief that original art can be a source of joy for everyone and actively eschews pretense of any kind. She opened the gallery in 2019, twenty-five years after Grandma Cameron gifted her with her first piece of art.  Additional ResourcesWeb: sarahgormley.comInstagram: @scgormleyLinkedIn: @SarahGormleySupport the show-------- Stay Connected www.leighburgess.com Watch the episodes on YouTube Follow Leigh on Instagram: @theleighaburgess Follow Leigh on LinkedIn: @LeighBurgess Sign up for Leigh's bold newsletter

On this episode of The Founder's Sandbox, Brenda McCabe speaks with Sue Tinnish- an executive coach working with CEO's and Presidents of middle-market companies. They discuss "unleashing creativity for business excellence" , ranging from Sue's experience while in hospitality to make events interactive and engaging, to using playfulness with very complex issues in analogies and stories to lead good alignment of the organization. Sue is a seasoned professional who has worked in a variety of settings. She has a diverse background in business with specific skills in leadership, formulating strategy, managing change, building teams, and delivering on strategic and tactical projects. She is currently an executive coach working with CEOs and Presidents of middle-market companies. She supports executives as they deal with their own leadership issues (delegation, time management, prioritization, decision making & mindset) as well as supporting their organization's growth addressing issues like talent optimization, sales, finance and risk. Sue earned her PhD from Benedictine University in Lisle, Illinois. She holds an M.B.A. with a concentration in finance and marketing from University of Chicago's Booth School and a B.S. in communication studies from Northwestern University.  And she likes to have fun! You can find out more about Sue Tinnish at: Linked IN https://www.linkedin.com/in/suetinnish/ or Contact her at: Sue.tinnish@vistagechair.com Resources: Why playfulness matters in Startup to Scale up. https://www.humorseriously.com/     Transcript 00:04 Welcome back to the Founder's Sandbox. I am Brenda McCabe, your host. This monthly podcast is now in its second season and it reaches entrepreneurs and business owners who learn about building resilient, scalable, and sustainable. 00:32 and sustainable businesses, all with great corporate governance. I wanna assist entrepreneurs and business owners in building these scalable, well-governed and resilient businesses. And I bring guests to the podcast that are themselves, founders, business owners, corporate board directors, investors and professional service providers, like Sue Tinnish, who's with us today. We all share a common... 01:01 interest in this using the power of the private enterprise, be that small, medium, and large, to create change for a better world. Through storytelling with each of my guests on topics that are gonna include their own experience with resilience, purpose-driven enterprises, and sustainable growth, my goal with the Founder Sandbox is to provide a fun sandbox environment where we can equip one startup founder at a time to build a better world through great corporate governance. 01:30 So today my guest again is Sue Tinnish. Thank you so much for joining me here, Sue. So happy to join you, Brenda, in this context. Excellent. Sue's joined in the podcast today in her capacity as a Vistage leader. For those who are actually seeing the video, I love your back screen, leading a life of a climb with Vistage. 01:57 She also has, as a member of Vistage, shares oftentimes in LinkedIn a newsletter called Making a Difference. I encourage everyone to follow Sue in LinkedIn because the messages that come across in this newsletter do resonate with business owners on making a difference. Today, we chose a topic, again, I'm all about resilience, sustainability, and purpose-driven 02:26 businesses. And when speaking with Sue on and off, we both share University of Chicago Graduate School of Business, Abu School is our background, right? That's we didn't meet there. But we did meet the alumni network is really quite active. And we discovered that we both use innovation and creativity with the work we do with our with our clients and 02:54 As I learned more of Sue's background, which I'll get to in a minute, I was just fascinated on specific tools, techniques, writing that she's used over the last 20 years at least. I'm gonna give you a brief introduction to Sue. She has a diverse background in business with specific skills in leadership, formulating strategy. 03:22 managing change, building teams and delivering a strategic and tactical projects. She is currently executive coach, working with CEOs and presidents of middle market companies. Prior to this activity, she's had experiences in academia, corporate banking, consulting and being an entrepreneur herself. So you check a lot of boxes, Sue. I thank you. I thank you again. 03:51 Also, the other aspect that we want to explore today is kind of you're a co-chair of the Chicago based Vistage Chief Executive Group and it's co-led by a male and a female. And I believe it's one of the unique or only chapters that is co-led and you're bringing in the diversity to the actual classroom itself. So I'd love to learn a little bit more later. All right. 04:19 So Sue and I have been in contact through our affiliation to the Chicago Women's Alliance. And I'm absolutely delighted that Sue's gonna tell us a little bit about some of the tools and techniques she explores as leader of Vistage. So can you share what has been a common denominator through your professional journey that has released or discovered, which you've discovered creativity? 04:49 Such an interesting question. So I guess I would say that as a leader, I've always had a real strong focus on people and teams. And so I really have encompassed playfulness, humor, and really creativity to help foster organizational growth. But it's really through people that that has happened. So that's been a very common denominator. And 05:18 I grew up in an era where what I was taught and learned about management was a little more like straight-laced and forward. And just my own personal growth, I really discovered, you know, through the process of learning and growing, I've discovered that that's not necessarily the way that you have to be. And I also think that, you know, interestingly, being a female, we bring different skill sets to the environment. 05:47 being more authentic has been meant that I've relied both on my own sense of humor, curiosity and playfulness to be effective. And you bring that into those monthly meetings with CEOs, I'm certain. Yes. You know, you, one of the articles that will later be in the show notes, is you brought in or explored kind of the entertainment. 06:16 element as a platform that unleashes creativity when you were working in the hospitality sector. Can you walk us through that specific kind of experience? It was, again, when you helped me prepare this, I was reading with awe. I was like, wow, I hadn't ever, you know, it goes back quite a while to 06:39 Yes. So when I worked in hospitality, I specifically worked in sort of the meetings and events and conference space. Okay. And my focus was really on how to create more innovative learning environments in that space. So it wasn't really focused on the logistics or the hotel arrangements or even the food and beverage. And really, earlier in my career, I spent a lot of time focusing on training and 07:09 And so I really thought a lot about how can you make these events, meetings, really more interactive and engaging in a way that's also going to create more knowledge, that's going to make what's happening in those meetings really stick. And so entertainment was one of those fields that I explored to talk about why entertainment can both be entertaining, but also. 07:38 or valuable in helping messaging stick. So like one example would be, think about like the topic of sexual harassment in Illinois, in many places most organizations. It's a requirement. It's a requirement, exactly. So no one's gonna raise their hand and say, oh yes, in a public environment, I've been sexually harassed or I'm a harasser. But when you use actors or entertainment or some kind of role playing, 08:08 a delicate subject out there in a way that people can maybe see themselves or see themselves in that situation and allow themselves to really go internally, aha, I understand now what has happened because of what I've seen on the stage. So I think entertainment can be used in a more strategic way beyond just being entertaining. 08:33 That is fascinating. And thank you for specifically providing an example. I'm just actually visually imagining a setup whereby a hairy topic is addressed in kind of an entertaining way with actors. Amazing. And I liked what you said about it allows maybe some of the learning that is happening within the meeting to stick. 09:01 because one is more relaxed, laughing, right? I actually had written a blog about two years ago on why playfulness matters in startup to scale up. And I discovered kind of five fundamental elements that I have seen or I've observed, I've introduced to my clients, there's no rules, right? 09:27 to generate more ideas, have a problem statement, allow people from all different levels of the organization compete in generating those ideas. But more importantly, when you were talking about the sexual harassment or using entertainment with professional actors, one founder I worked with actually brought in a surprise question at the end of the all hands on deck meeting. 09:56 And then there was a prize. So it really got people to pay attention to what the monthly message was about as the corporation grew. So I'm very happy to know that I'm doing something right and you're basing it on many years of experience in Vistage as well as the entertainment, the hospitality industry. So thank you. I'd like you to, I pride myself on lots of 10:26 really practical nuts and bolts in this podcast that listeners can take away and bring into their own companies. And so you provided some insight on Harry Gardner's similar work on people's concept of multiple intelligences. And there's seven ways people are intelligent. And then you bring that in actually to some of the tools and techniques you use in your session. So can you provide that background on? 10:54 Yeah, sure. What about intelligence? So, you know, Rhonda, you and I, we think we're fairly intelligent. We went to a fabulous business school. And yet, if we were in, you know, the outback of Australia trying to survive, we would not be as smart or as intelligent as an Aboriginal woman. And so there are different ways that we think. And obviously there's been a huge interest in EQ, you know, emotional intelligence, 11:24 IQ, but really, when you start to think about the skills that a surgeon might have, or an architect, they have kinesthetic skills that maybe other people don't. And so kinesthetic is another form of intelligence. Naturalism. There are people that have natural affinity to mathematics. And so you can think about your group, and some groups are more 11:53 homogenous, like an industry group, like an association. So you can think about what kind of natural intelligence that group might have, and then you can target some of the learning and the sessions in a way that's gonna harness the way that those people think. And it may not be humor or playfulness, but you're really leaning into their strengths. And I think that's so important in this topic of adult learning. That is fascinating. Again, I am... 12:24 the seven, you know, one was musical. Again, back to some of the writing I did, and I just saw it reinforced when listening to you is, you know, Mozart was a learner, but he would, he would have to write the music, but then he would never, but to keep it in his memory, and then he would never use it again. But it's really fascinating how I imagine in your Vistage meetings, you have a 12:54 cohort of, I don't know, 10 or 12. You create a safe space where CEOs are sharing current business challenges. Ultimately, they leave the monthly meetings though, and are gonna communicate decisions made to the companies that they lead, right? Yes. How do you share with them how to bring in humor if it's required, right? For the leaders communication, what have you seen to be more effective? 13:24 in some cases. Well, first of all, I'd say that, humor does not mean that you're a standup comedian. Really, when I think about humor, I think about it as more as like levity. And so my first tip always is not to be caustic or sarcastic, cause that's not gonna fly. But leaders can bring in this levity to their communication. I say in several ways. One would be just being able to laugh at yourself. Okay. 13:53 much more approachable, it helps build rapport and trust, and it makes you more authentic and human. So that's the first way, just being able to laugh at yourself. The second way is I think you can use a joke, a little levity to just capture people's attention. You know, we've all been in meetings, blah, blah, blah. Yes. Non-drona. So humor's an opportunity to catch people's attention and really get them to sit up. 14:21 Kind of like the example you were saying before about the leader that had something at the price. I also think maybe it's not exactly humor, but certainly playfulness. It allows you to take complex ideas and make them more simple. Not saying that you're trying to dumb down the conversation, but the kind of strategic issues that leaders are facing these days can be difficult to communicate. And so a little bit of humor or playfulness 14:51 really allows people to make things understandable. Like specifically, I would think about metaphors or analogies, those are great ways, or good stories can help communicate these more complex ideas to people so that people can remember them, and then you have good alignment in the organization. So those are just three tips. Right, and what about storytelling? You just... 15:19 touched it at the end of your comments there, but I've observed primarily because of the working from home and having distributed teams. And there are more and more CEOs that are stepping up and actually using storytelling to become, or appear more authentic. Are you observing that? And can you talk about storytelling and authenticity, please? 15:49 Yes, happy to do so. So storytelling can be personal. I think those are great stories to tell. And so in doing that, you bring your whole self, that whole authentic self to the table. Okay. I just made a post yesterday on LinkedIn where I was talking about my goal around losing weight. And I was like, walking around thinking I had been more successful than I had because I didn't really, I didn't really 16:19 I didn't write my goal down. I didn't write my stating weight down. And then all of a sudden I had the realization, I'm like, oh my gosh, I really actually went up by two pounds, not down by more. And so people commented on how refreshing it was. So those kinds of stories can, and then really to drive the point home, the post was really about goal setting and also how you can do a reset. 16:47 change your mindset to make sure that you do achieve your goals. Because we still have half of the year left. So I could do this. The importance of, of, you know, self belief. And so it was a story that poked a little bit of fun at myself, but really add a message. And so many people responded to that post just by talking about, oh, my gosh, it was refreshing, so honest, so authentic, they use those kinds of words. And so I think those 17:15 That's an example of how you can use a story to resonate with the population. Because again, almost like we were talking about entertainment, people grab onto stories. That's why we go to films. That's why we read books is because for that storyline, that plot. And so finding the hero and how you can get to employees that you could be the hero or you are my hero or you are part of the hero team. 17:44 in the story can, I think can be quite effective. Wow. What about the, the leading from creativity and the use of humor to actually promote creativity? Have you seen that? Do you use those techniques in your Vistage groups or elsewhere? 18:13 So, you know, one thing is humor, right? To enhance maybe leaders communication and the other is actually creativity to generate new business ideas or to think about a problem statement. What have you seen in your work? So. Yeah, I think there's great opportunity to be playful and to unleash creativity. And I know that this is something that you and I both believe strongly in. So I think there's, you know, there's a lot of things you can do. 18:42 Metaphors, I kind of alluded to this before. When you say one thing is like another, and so you can say, you know, I feel like our organization is like a twisted pretzel right now, and why is that true? Like, how is our organization like a twisted pretzel? And so that just encourages people to think more broadly about the concept. So I think metaphors are a good way. Even choosing a random word, 19:12 picking up a book, pointing at a word like, what does bananas have to do with the strategic issue that we're facing right now? And it just causes people to be like, oh, I gotta think about this differently. And it kind of breaks the ice. Yeah, exactly. Yes, and so it just gets people to say, I don't have to think about this in the same exact way. I'm also a big fan of field trips. And so one of my efforts when I was 19:40 uh, leading a training and development effort for an association was that we, um, took field trips around Chicago. Actually related in the hospitality industry. We went to various places unrelated to hospitality and we just said, what can you learn by just going on site to a chocolate place, Garrett's popcorn, a museum, what can you learn about the way that the. 20:09 those organizations greet people, the entering experience, the engaging experience, the exiting experience. What can you learn from that that would cause you to rethink how you do it in your own organization? So I think by taking field trips like when we were kids, I think that's another other way to foster creativity. I like mind mapping. I think that's a real 20:33 good way causing people to start to write things down visually or even using props or toys to try and encompass a concept. I think those can be very effective. I love, you know, I love the improv technique of yes and, which of course is useful in brainstorming, but also useful in saying we have a product design, and it's good. 21:01 And yes, and what can we add on or what else do we need to do? So I think those are some techniques that I think promote playfulness, but also cause us to open our minds to being more creative. These are very actionable. Have they been, is it necessary to, in your experience, have these in person? Can you do this virtually? And how do you get CEOs to allocate time on their busy schedule? 21:32 Well, it's, who doesn't, I mean, what CEO doesn't want innovation and creativity in their organism? So having said that, the question is, how do you really foster it? And you don't just say, okay, let's sit down and we're going to be creative, because that's not gonna work. We all have our own cognitive biases. We have our frameworks, our assumptions, our biases for how we think. 21:58 What you wanna do is break through some of those. And in order to do that, I think you really need to think intentionally about how to do it. And to me, some of the techniques I described are not wasting time at all, but rather an intentional way to allow people to be more creative. Excellent. And so. 22:24 Can you speak to it's actually not in the script, but what is a typical Vistage meeting and cohort look like in your world in Chicago? You co-lead with a male. You have two groups that you're leading now. So what is the typical format, duration, size of group? What are the things that you're finding? Are they Illinois based companies? Do you have any? 22:51 people participate virtually. This is your opportunity to share your craft as a leader of Vistage. Okay. Well, I guess I'll first talk about the group and then I can talk a little bit about what happens in the group. So the peer group is part of the Vistage experience. There's other things, research, virtual events, the one-on-one time with me as an executive coach. But in the group, typically 10 to 18, 15, 16 members 23:21 and everyone represents a different industry. They all own their own lanes. So no competitors, no vendors, customers in the room so that you can really have an open kimono and be vulnerable and being willing to say something out loud. So the kind of people I look for are clearly, you know, very successful already in their own right, but really humble enough to say, hey, what got me here may not be what... 23:50 I need the skills and the mindset and the way I need to lead in the future. We've been through a life-changing event in terms of the pandemic, and it's had a lot of repercussions. And so how do leaders function in a new environment? And so the way you may have done it in the past may not necessarily be the way that you need to do it in the future. So you wanna be, I want people who are already successful, they... 24:17 but they're still hungry. They're hungry for personal growth. They wanna grow their teams and they also wanna see revenue growth in their organizations. And then sort of putting on my University of Chicago hat. So that's sort of the psychographic. But I also think about my group as a portfolio. What I mean is I want certain voices in the room. So like right now I would love to have a person in the staffing or executive search. 24:47 industry because talent's such an issue. So I want to have that voice in the room. So my people, I look as almost like a portfolio. I also look to make sure that I have industry sectors that are either leading or lagging indicators in the economy because those leaders are going to see things first and they can bring that to the group and say, hey, here's what's already happening in 25:16 And so what's happening in my industry is gonna happen to you probably later. And so this portfolio approach, I think, enriches the group and allows everyone to really benefit from the diversity that is inherent in every Vistage group. Fantastic. What about, do you have mixed gender groups? I'm just wondering. Oh, absolutely. 25:46 Not it's people come and go in groups. It serves them well and then they need to move on. Right now I would definitely, I'm definitely looking to add some more female voices to the group. All right, well you heard it here on the founders. Exam clocks. Yes. Thank you. I'm you. 26:10 For this podcast, you provided a lot of articles that you've written over the years. That's a gift. You're a prolific and a polished writer. How do you find the time, Sue? And two, do you believe the ability to write is a skill that leaders must master? Such an interesting question. 26:40 leading does require strong communication skills. And obviously, I think there's many kinds of writing. Yeah, there's academic writing, which I've done published in journals, not necessarily very persuasive, not always persuasive writing. And then there's, you know, writing to to communicate. And so I think that 27:05 I guess I would say, you know, you can be a skilled writer, like a speechwriter, but that doesn't necessarily mean that you're going to be a skillful communicator. And I think leaders need a little bit of both. I mean, it's the kind of businesses and leaders that we work with are typically not hiring speechwriters. And so I do think it's an important skill to have if you're a small or medium sized business owner. 27:36 CEO of a huge, you know, fortune 500 company, of course, you can have speech writers write your thing, right, right stuff. And that's a that's a specific skill. So I would say, for our audience, what good or bad, you have to be skilled at writing, but also communicating those words to people. And writing in a way that is going to be persuasive and communicative. And perhaps playful. 28:04 right using humor, which is the topic of today's podcast. You know, when we I was preparing this, you know, I've been pursuing you for quite a while now. Thank you for joining. I did come across in other forums, a book that is accompanied by an assessment test called it's called humor series business. And to 28:31 professors at Stanford's Graduate School of Business have developed a course online to actually discover your type, right? And humorseriously.com. Have you had any experience with this? I thought it took off actually right in the pandemic. And just curious, because we are on the topic of humor and creativity. So, 28:58 what do I love? I love growing and learning and being a life-long learner. And so honestly, Brenda, I had never seen their work or heard about it. So I did watch their YouTube, which I found fascinating. I'm sure you'll include it in the show notes. And it's interesting, not, I think Stanford has done a really interesting job as a business and as a B-school or as a school, I guess I would say, as a university continuing to evolve. 29:24 So actually when I saw that they had this course in their business school, I wasn't surprised. And I actually have followed Stanford for a while because of their D school, their design school. Interesting. And so design thinking is not necessarily only related to the creative arts, but you know, you think about firms like, you know, who started with this concept like IDEO, but you know, this design thinking definitely has some 29:53 some good roots in creativity, innovation, breaking through borders, not thinking about constraints as true constraints and boundaries. And so to me, I wasn't surprised to see that these two were from Stanford. And it was a great listen. Thank you. I too, I was surprised to hear about it and two great schools, University of Chicago and Stanford with great alumni. So... 30:20 I do like to give my guest opportunity to share how you may be contacted. What's the easiest way and this will be in the show notes. Okay, well, I respond to my emails. I also respond to phone calls and voicemails. I love the younger generation that never listen to their voicemails. I actually do. So you can find me via phone at 847-404-7325. 30:47 Email always works and my email is su.tinish, my last at, and then here's the nice long after the at, VistageChair, like a piece of furniture, VistageChair.com. Then I am often on LinkedIn, and so people can DM me on LinkedIn and follow me. They can sign up and subscribe to my newsletter, make a difference. Yeah. Happy to respond any way that people want to. 31:15 Reach out to me, text, phone, email, or DM. Fantastic. So I'd like to bring us back to the founder sandbox and kind of the three cornerstones that I work with founders on and that's around resilience, purpose-driven enterprise and sustainable growth. And by bringing each of my guests back to, hey, what's the meaning of each of these terms? I'm absolutely fascinated that each one of my guests has a different. 31:42 you know, concept and it's so rich to listen. So what does resilience mean to you and your many years as practitioner with CEOs and small to medium sized companies? I'd say the first thing is really having a good balance between positivity and realizing that I have to grow and change and accept feedback. That maybe everything is not. 32:11 So I think especially for entrepreneurs and startups, I mean, you have such great belief in your concept. And so you do have to stick with it and stay positive, but there is that fine balance between accepting feedback and realism. And so I think resilience is balancing those two things appropriately. The second thing, the second characteristic I'd like to call out today is just really... 32:40 facing up to uncertainty. In other words, not being an ostrich and putting my head in the sand. Being resilient to me says, I'm willing to squarely look uncertainty in the face and I may not have all the data that I need. I may not be fully clear on what's the right direction, but resiliency is making that decision, taking responsibility, moving forward. 33:06 and accepting the consequences and then dealing with it all over again. Those are the two things that I think are most important to me personally about resiliency. Thank you. What about purpose-driven enterprise? Harkening back to my PhD where I did something on sustainability. Did you? Yes. So to me, purpose-driven enterprises really mean that you're gonna... 33:34 you will focus on value creation beyond simply profit. And the second quality is that there's really a strong integration in your ecosystem of all your stakeholders, not just shareholders, but that everyone is aligned and integrated and that your strategy is focused on an integrated purpose that serve all stakeholders, customers. 34:02 employees, your vendors, everyone in that ecosystem. And that's it. So you actually were a profit in your own land. Because your PhD, if you wrote on sustainability, I don't know how many years ago, it's just come back full circle, right? Yeah. It's got to be on every CEO's agenda. A triple bottom line. That's right. 34:27 And you heard it here, sustainable growth. So I kind of interchange sustainable with scalable. Again, we work with companies that are growing pretty rapidly. What is the meaning to you for sustainability? So first off, I think there's a difference between running an organization, leading an organization that's growing and leading an organization that's scalable. And so you desire both things, 34:56 you have to build in scale to make sure that you could manage your growth. So that's an element of sustainable growth. And as I alluded to earlier, I do think that this focus on the triple bottom line is really important. And even if you as a leader are not bought into it, think about the kinds of employees that you're hiring and the customers that you're serving as you get younger and younger. 35:24 this triple bottom line is so much more important to them. And so sustainable growth, in my opinion, can only be really fed by that focus on a triple bottom line. Wow. You heard it here. Thank you. Well, I have one last question. Did you have fun in the sandbox today, Sue? Oh, I did. It was fun to dig. It was fun to dig back into the past and think about the future. Yes. So delightful. So thank you so much for inviting me. 35:53 Thank you. The tools and techniques that you provided and just our conversation as well as what will be found in the show notes are invaluable. So thank you for offering these resources to my listeners. To my listeners, if you like this episode with Sue Tenesh, sign up for the monthly release of The Founder's Sandbox. It's available on all major podcast platforms. 36:20 where you're going to learn how to build with strong governance, a resilient, scalable, and purpose-driven company to make profits for good. Signing off. Thank you for being part of the Founders Sandbox.        

Eric Kapitulik was a Marine Infantry Officer and Special Ops Officer, 1st Force Reconnaissance Company.  In 1999, during routine training preparing to deploy to the Persian Gulf, Eric and his platoon were in a helicopter crash, resulting in the death of six of his Marine brothers. To raise money for college scholarships for the children of his lost teammates, he has completed 8 Ironman Triathlons and summited 5 of the seven highest peaks on each of the seven continents, including Mt. Everest. After eight years of active duty, he received an MBA from the University of Chicago Graduate School of Business. He founded The Program, which provides leadership development and team building for companies worldwide. Talent is essential, but great teammates and leaders working together enable a world-class culture and world-class performance. That's The Program.   LINKS   The Program https://theprogram.org/ The Mojo Sessions website www.themojosessions.com   The Mojo Sessions on Patreon www.patreon.com/TheMojoSessions Full transcripts of the show (plus time codes) are available on Patreon.   The Mojo Sessions on Facebook www.facebook.com/TheMojoSessions   Gary on LinkedIn www.linkedin.com/in/gary-bertwistle   Gary on Twitter www.twitter.com/GaryBertwistle   The Mojo Sessions on Instagram www.instagram.com/themojosessions   If you like what you hear, we'd be grateful for a review on Apple Podcasts or Spotify. Happy listening!   © 2023 Gary Bertwistle.  All Rights Reserved.  

The global economy is facing unprecedented challenges and uncertainties, which has disrupted supply chains, boosted inflation, and strained fiscal and monetary policies.How can investors navigate this complex and volatile environment, and what are the implications for the bond market? Today, we chat about this and more with a very special guest!In this episode, Carson's Chief Market Strategist Ryan Detrick & VP, Global Macro Strategist Sonu Varghese speak with Daniel Ivascyn, Group Chief Investment Officer at PIMCO. They explore the current state of the economy, rising yields, and the future path of inflation. Dan also shares details about the role of PIMCO's advisory board and the value of bonds as diversifiers for stocks. Additionally, he talks about his experiences in the industry, his mentors, and his early experiences.They discuss: The main drivers behind the increase in yieldsWhy the economy has remained strong despite the aggressive actions of the Federal ReserveThe factors influencing nominal bond yieldsThe experience of taking over a large companyThe value in fixed income markets for long-term investorsThe role of bonds as a diversifier for stocksConcerns about companies with lower credit ratings facing challenges in borrowing and rolling over debtHis early struggles in trading markets and the mentorship he receivedWhy US treasuries are still considered a safe asset and how they can benefit from flight to quality flows during times of crisisAnd more!Connect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseAbout our guest:Daniel Ivascyn is the Group Chief Investment Officer at PIMCO,and a managing director in the Newport Beach office [which office/company? Are we still talking PIMCO?]. He is lead portfolio manager for the firm's income, credit hedge fund, and mortgage opportunistic strategies, and is also a portfolio manager for total return strategies. He is a member of PIMCO's Executive Committee and a member of the Investment Committee. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013, and he was inducted into the Fixed Income Analysts Society Hall of Fame in 2019. Prior to joining PIMCO in 1998, he worked at Bear Stearns in the asset-backed securities group, as well as T. Rowe Price and Fidelity Investments. He has 33 years of investment experience and holds an MBA in analytic finance from the University of Chicago Graduate School of Business and a bachelor's degree in economics from Occidental College.

Today's podcast is titled, “Teaching Economics from a Historical Perspective.” Professor Hanna H. Gray, President Emerita, University of Chicago and Professor Robert W. Fogel, Director, Center for Population Economics, University of Chicago Graduate School of Business, and 1993 Nobel Prize winner in Economics, discuss teaching economics from a historical perspective. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.

Everyone has a unique purpose.   However, not everyone is aware of it. Helping individuals discover their true selves and realize their own unique purpose is the essence of great leadership.   In this episode of Fifth Dimensional Leadership, I interview Imran Qureshi. Imran serves as Managing Director and Head of North America with 30 years of experience. He is responsible for WTW's business in Canada and the United States across all business segments, growing revenue, representing WTW in the business community and securing the engagement of ~17,000 colleagues. In this interview, Imran talks about how to unlock the value of people through purpose-driven leadership.   Previously, Imran chaired WTW's North America Inclusion & Diversity (I&D) Council and served on WTW's Growth Board. Prior to that, he held leadership positions in WTW's Global Services and Solutions business, during which he worked with North American and European multinationals helping them go global through acquisitions, organic growth and governance. Before joining WTW, Imran was an international consultant in the United Kingdom.   Imran holds a BSc. Degree in mathematics with honors from the University of Manchester in the U.K. and has an actuarial background. He also holds a diploma in International Employee Benefits from the International Employee Benefits Association (IEBA) and has lectured on governance and globalization at Northwestern University's Kellogg School of Management and the University of Chicago Graduate School of Business. Imran is currently a board director at The Executives' Club of Chicago.    Things you will also learn in this episode:   How to overcome risk aversion and limiting beliefs. Finding purpose-driven work and experiencing the joy of the moment. Distinguishing between mentorship and sponsorship, and the need for both. How to bring “sunlight” and accountability to your organization How to use discomfort as a means to grow.   Quotes:   “We have to move away from the hero culture and transition the true meaning of leadership into unlocking the value of individuals.” - Imran Qureshi   “Often, you don't realize the advice you get and its pivotal impact until much later, so it's important to be self-reflective.” - Imran Qureshi   “The ability to advocate on behalf of others is the distinction between mentorship and sponsorship.” - Imran Qureshi   “Your reputation is tied to a function of promoting who you believe is ready to be developed, promoted, and moved along.” - Imran Qureshi   “When you communicate that you are doing things differently, you start to build trust.” - Imran Qureshi   “When you can build that culture of trust and psychological safety, you start to move the dial.” - Imran Qureshi   “Purpose transcends lofty individual perspectives, but the key is asking that fundamental question: ‘Why do you do what you do?'” - Imran Qureshi   “As soon as you become comfortable, you stop growing.” - Imran Qureshi   “We are a function of our experiences.” - Imran Qureshi

Josh Jalinski, The Financial Quarterback, is joined by David Ranson, President and Director of Research at HCWE Inc. Prior to becoming a general partner of H.C. Wainwright & Co. in 1977, Mr. Ranson taught economics at the University of Chicago Graduate School of Business. He has been an assistant to then-Treasury Secretary William E. Simon and a member of George P. Shultz's personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. In this segment, David and Josh discuss how the fed raising rates doesn't actually affect the economy. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by David Ranson, President and Director of Research at HCWE Inc. Prior to becoming a general partner of H.C. Wainwright & Co. in 1977, Mr. Ranson taught economics at the University of Chicago Graduate School of Business. He has been an assistant to then-Treasury Secretary William E. Simon and a member of George P. Shultz's personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. In this segment, Josh and David discuss how the price of gold in the futures market can predict economic performance. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by David Ranson, President and Director of Research at HCWE Inc. Prior to becoming a general partner of H.C. Wainwright & Co. in 1977, Mr. Ranson taught economics at the University of Chicago Graduate School of Business. He has been an assistant to then-Treasury Secretary William E. Simon and a member of George P. Shultz's personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. In this segment, David and Josh discuss the importance of asset allocation. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by David Ranson, President and Director of Research at HCWE Inc. Prior to becoming a general partner of H.C. Wainwright & Co. in 1977, Mr. Ranson taught economics at the University of Chicago Graduate School of Business. He has been an assistant to then-Treasury Secretary William E. Simon and a member of George P. Shultz's personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. In this segment, David and Josh talk about why inflation could be a permanent issue. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

How can leaders encourage curiosity in their teams? It's an important questions to consider because when your team is naturally more curious they dig deeper into problems and persist through challenges. Teams that are more curious deliver better results. It's the foundation of all learning and innovation, and if you want your team to be more creative and productive, then you need to start fostering a culture of curiosity. In my interview with Cathy Wolfe, President and Chief Executive Officer of the Global Growth Markets (GGM) at Wolters Kluwer, you'll discover three strategies to do that just that. She leads the team by creating a culture of curiosity and specifically growing their company in China, India, and Brazil… the three most populous countries in the world. Wolters Kluwer is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. They serve customers in over 180 countries, maintains operations in over 40 countries and employs 18,600 people worldwide. Cathy has held senor leadership positions in the U.S. and the U.K., with a track record of delivering strong results and innovation, working across multiple segments of the company's global portfolio including Health (learning, research & practice, clinical  software); Tax (practice management, audit solutions); Legal and Finance (practice management,  commercial credit information). She earned her MBA from the University of Chicago Graduate School of Business and a BA degree in English from Cornell University, Ithaca, New York. https://www.linkedin.com/in/cathy-wolfe-945680b/ (LinkedIn Profile) http://www.wolterskluwer.com/ (Wolters Kluwer Website) What You'll Discover in this Episode A three-step checklist for getting promoted. What you should do if you feel stuck or “pigeonholed” at work. The conversation every employee should have with their boss… and their boss' boss. What Cathy discovered in her international travels, and how it expanded her leadership skills. Why she'd like to instill more curiosity in every employee. A strategy to foster a culture of curiosity. A helpful key for building your network. A powerful strategy for communicating your idea to the C-Suite. How to accelerate your professional growth. How being open to an unexpected opportunity led to an incredible life experience. Resources: https://hbr.org/ (Harvard Business Review) https://chief.com/ (CHIEF) https://www.masterclass.com (Masterclass) ----- Connect with the Host, #1 bestselling author Ben Fanning https://www.benfanning.com/speaker/ (Speaking and Training inquires) Subscribe to my Youtube channel https://www.linkedin.com/in/benfanning/ (LinkedIn) https://www.instagram.com/benfanning1/ (Instagram) https://twitter.com/BenFanning1 (Twitter)

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then-Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, David talks about "credit spreads" and opportunities for investing in the future. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then-Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, Josh and David discuss infrastructure spending and how it's not an efficient way to boost the economy. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then-Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, Josh and David discuss whether inflation is permanent or if it's transitory and what the reasons are. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then-Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, Josh and David talk about the futures market and how the dollar and many other currencies around the world, are losing value. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, Josh and David discuss the idea of "crowding out," how this affects the GDP. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, Josh and David talk about how public confidence in the dollar is essential when considering inflation. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by R. DAVID RANSON, Director of research at HCWE & Co., an independent investment research firm now located in Cambria, California. Originally the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE. Prior to becoming a general partner of H.C. Wainwright, Mr. Ranson joined Director George P. Shultz's personal staff at the Office of Management and Budget, served as an assistant to then Treasury Secretary William E. Simon, and taught economics at the University of Chicago Graduate School of Business. He is a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. His work has appeared in the Wall Street Journal, The New York Times, Forbes, and other notable publications. Mr. Ranson holds M.A. and B.Sc. degrees from Queen's College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago In this segment, Josh and David talk about how gold futures are falling and they're moving in parallel with Bitcoin. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

In this episode, Eric speaks with Robert C. Davidson, Jr; successful entrepreneur, art collector and philanthropist. He and Eric discuss his experience as a young boy; growing up in the Jim Crow era of the 1950s in Memphis, Tennessee and how his parents were both entrepreneurs and great inspirations to him: His mother opened a restaurant for black patrons in 1944 after seeing that African American soldiers had nowhere to eat in public. His father opened the first and only black-owned bank, Tri State Bank. They discuss his education and entrepreneurial journey and how, after investing thirty years in business, he turned his attention to art and philanthropy. Mr. Davidson talks about his and his wife's mission in building their art collection; one which Eric deems as one of the greatest African American art collections in the country! Eric and Mr. Davidson delve into the collection; and take us on a journey where they discuss works by Palmer Hayden, Jacob Lawrence, Charles White, Betye Saar, Joshua Johnson, Elizabeth Catlett and Meta Warrick Fuller while offering valuable insight and expertise on purchasing art and building a collection. For more visit: www.ericsperspective.comGuest Bio: Robert C. Davidson, Jr. formed Surface Protection Industries, Inc. (SPI) in 1978. Under his leadership, SPI became one of the largest African American-owned manufacturing companies in California, ranking in the top 100 on the Black Enterprise list of America's top black-owned industrial/service companies.Davidson has a strong entrepreneurial résumé. In the early 1970s, he headed his own management consulting firm and, prior to that, served as chief executive officer of Avant Garde Enterprises, a Los Angeles-based entertainment holding company.In Boston, Davidson co-founded and served as vice president of the Urban National Corporation, a private venture capital company that was established to increase mainstream industry's investment in minority-controlled businesses. The organization raised $10 million in capital from many Fortune 500 companies.The entrepreneurial spirit of Davidson's career path is also reflected in his commitment to community involvement. He is the Chair of the Board of Directors for the Ray Charles Foundation and currently sits on the Board of Directors for the following organizations: Jacobs Engineering Group, Inc. (NYSE); Broadway Federal Bank (NASDAQ); Cedars-Sinai Hospital Los Angeles; University of Chicago Graduate School of Business Advisory Council; The Huntington; and the Smithsonian American Art Museum. He is also Chairman Emeritus at Morehouse College in Atlanta, Georgia. In 1998, Morehouse College honored Davidson, one of its most distinguished alumni, by naming the President's home and its executive center Davidson House. Davidson was the 1997 recipient of the Ronald H. Brown Award and the 1990 recipient of the Raoul Wallenberg Save the Children Award from the Shaare Zedek Medical Center Jerusalem. He was also named Black Businessman of the Year by the Los Angeles Chapter of the Black MBA Association and Outstanding Entrepreneur of the Year by the National Association of Investment Companies. Davidson earned his Bachelor of Arts degree from Morehouse College and his MBA from the University of Chicago. He is a recipient of an Honorary Doctorate of Laws degree from Morehouse College. In 2007, Davidson received the distinguished Benjamin E. Mays Award, which is named in honor of Morehouse College's famous former President. Davidson and his wife, Faye, are parents of three sons, one of whom is an ArtCenter alumnus. The Davidsons are art collectors and Faye is a member of the Pasadena Art Alliance. Davidson joined the ArtCenter Board of Trustees in 2004 and served as Chair of the Board for five-terms (2010-2020). He is the first African American to serve in this role at ArtCenter, and among the first African Americans to assum

Brigitte C. Madrian is the Dean and Marriott Distinguished Professor in the Brigham Young University Marriott School of Business where she has a joint appointment in the Department of Finance and the George W. Romney Institute of Public Service and Ethics. Before coming to BYU, she was on the faculty at the Harvard Kennedy School (2006-2018), the University of Pennsylvania Wharton School (2003-2006), the University of Chicago Graduate School of Business (1995-2003) and the Harvard University Economics Department (1993-1995). She is also a research associate at the National Bureau of Economic Research and served as co- director of the NBER Household Finance working group from 2010-2018. Dr. Madrian's current research focuses on behavioral economics and household finance, with a particular focus on household saving and investment behavior. Her work in this area has impacted the design of employer-sponsored savings plans in the U.S. and has influenced pension reform legislation both in the U.S. and abroad. She also uses the lens of behavioral economics to understand health behaviors and improve health outcomes. Dr. Madrian received her Ph.D. in economics from the Massachusetts Institute of Technology and studied economics as an undergraduate at Brigham Young University. She is a recipient of the Skandia Research Prize for outstanding research on “Long-Term Savings” with relevance for banking, insurance, and financial services (2019), the Retirement Income Industry Association Achievement in Applied Retirement Research Award (2015) and a three-time recipient of the TIAA Paul A. Samuelson Award for Scholarly Research on Lifelong Financial Security (2002, 2011 and 2017).

"Always be able to take care of yourself." - Alison WinterAlison Winter is the Co-Fonder and CEO of Gracious Exit LLC, a web-based resource for individuals and families to prepare for the end of life.  The workbooks and articles and resources provide the roadmap to navigate this last stage of one's like, and do it in a way that is positive, eliminates a burden for those left behind, and leaves a full picture of one's positive contributions.  In 2006, Alison retired from Northern Trust Corporation, completing a markedly successful thirty-five year career, where she held leadership roles with increasing scope since 1987. She served on the Management Committee for the last five years of her tenure with Northern Trust.  When she retired, Ms. Winter was the founding President and CEO of Personal Financial Services-Northeast based in New York, where she established the Northern Trust's presence in that highly attractive and competitive market.  Prior to that, she served as Co-President of Personal Financial Services for Northern Trust.   In all, she expanded the Northern Trust franchise as a leader in managing the wealth of the affluent in 20 new markets, on the West Coast, The Midwest and the Northeast.  Technology innovation, strategy, brand management and customer focus are hallmarks of her career. In 2001, together with Susan S. Stautberg, they co-founded WomenCorporateDirectors (WCD), the only chapter-based international organization for women serving on Corporate Boards with over 3500 members serving on over 6000 Boards globally.  She established the framework for scaling up, domestically and internationally, and there are now 80+ chapters on six continents.  The organization has now been transitioned to Women Corporate Directors Foundation for Education and Research.  Ms. Winter received her MBA from the University of Chicago Graduate School of Business, earned her Chartered Financial Analyst designation, and is a member of the CFA Institute. She holds a BA from San Francisco College for Women. Over her career, she served on dozens of charitable and civic organizations, including Los Angeles Metro YMCA, New York Metro YMCA, The Joffrey Ballet of both Los Angeles and Chicago, Steppenwolf Theatre, and    United Way Women's Leadership Initiative. In 1998, she became the first woman to be Chair of the Los Angeles Area Chamber of Commerce in its 110 year history.She lives in Pasadena with her husband, Joe.  Her daughter, Leigh, lives with her husband and three sons in Los Altos, CA, and her son, John, lives in Chicago, IL.SHOW NOTESAlison's journey in the financial worldHow Alison led the way and helped women in corporate AmericaThe one question Alison asked her father that was the start of the Gracious ExitBusiness owners plan for their business exit but overlook their life exitThe systematic process and journey Alison used to create the Gracious ExitWhy every family should have photo books to create a legacyHow a film about your family can help future generationsTips on how to educate the younger generation about wealth, philanthropy, and planningAlison's thoughts on when to speak to your parent's about their last wishesWhy withholding your wealth from your children can hurt them instead of protecting themHow the specific workbooks in the Gracious Exit save you time and give peace-of-mindAlison walks through how to start preparing the information for your Gracious ExitThe importance of making your estate plan easy to understand through visual mappingThe power of having financial, medical, passcodes, and your last wishes in one placeHow to ensure your jewelry, heirlooms, and antiques have significance for your kidsHow to have a difficult conversation about last wishes wi

This episode explores Habits with our guest, Dr. Colin Camerer. We discuss the intersection of neuroscience and economics, neural 'autopilot', and why this is the golden age of social science. Professor Colin F. Camerer is the Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology, where he teaches cognitive psychology and economics. Professor Camerer earned a Bachelors degree in quantitative studies from Johns Hopkins, a MBA in finance, and a Ph.D. in decision theory from the University of Chicago Graduate School of Business. Before coming to Caltech in 1994, Dr. Camerer worked at the Kellogg, Wharton, and University of Chicago business schools. He studies both behavioral and experimental economics.

David Ranson, President of HCWE joins the IRF Podcast today to discuss the concerns that he has for the US economy in the near future due to what he sees as a lack of effective policy in both the monetary and fiscal fields. ----more----Prior to his role at HCWE, David Ranson taught economics at the University of Chicago Graduate School of Business and sits as a Fellow of the Institute for Applied Economics.

Welcome is a well-known manager in the agriculture industry where he has specialized in building new growth businesses. He grew up selling fruit at his family's fruit stand and in high school started his own lawn mowing company that grew to over 100 clients a week. After attending business school at BYU and the University of Chicago for an MBA, Welcome went on to work in business development for Dole Food Company where he was on the team that launched packaged salads, baby peeled carrots and several new fresh produce items. He later became President and CEO of the Washington Apple Commission where he helped launch fresh-cut apples. He helped start the largest marketing agency of fresh apples and cherries and is still associated with that company and its transition to fifth-generation prosperity. He took a five-year hiatus to head a global division for Dow Chemical where his team tripled that business. He has been called one of the best business analysts in the produce industry and has been a keynote speaker at dozens of conferences. Welcome has traveled globally for decades, working in over 50 countries and nearly every state in the U.S. He has been a board member for several charities, industry organizations and businesses, including one charity that grants 400 college scholarships per year. He also served on the admissions committee for the University of Chicago Graduate School of Business for nine years. In this episode, Welcome describes his unique path in the agriculture industry and several individuals who took the time to smooth out his rough edges and polish him as a professional.

Our guest on this episode is Eric Kapitulik, he attended the United States Naval Academy. While there, he was a 4-year Varsity Letter winner and played on three NCAA Lacrosse Tournament teams. Graduating in 1995 he went on to serve as both a Marine Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division. Eric left active duty after eight years of service and graduated from the University of Chicago Graduate School of Business in 2005. He's also an ultra-endurance athlete and an avid high-altitude mountaineer. He has summited five of the Seven Summits; these are the highest peaks on the seven continents, including Everest. Eric is also the Founder and CEO of The Program, a team building and leadership development company that works with corporate teams and professional athletic organizations around the United States. More about Eric Kapitulik and his organization: http://TheProgram.org

Eric Kapitulik: The ProgramCreating and Sustaining High Performance Leaders and Teams: Eric KapitulikOur guest on this episode is Eric Kapitulik, he attended the United States Naval Academy. While there, he was a 4-year Varsity Letter winner and played on three NCAA Lacrosse Tournament teams. Graduating in 1995 he went on to serve as both a Marine Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division. Eric left active duty after eight years of service and graduated from the University of Chicago Graduate School of Business in 2005. He's also an ultra-endurance athlete and an avid high-altitude mountaineer. He has summited five of the Seven Summits; these are the highest peaks on the seven continents, including Everest. Eric is also the Founder and CEO of The Program, a team building and leadership development company that works with corporate teams and professional athletic organizations around the United States. More about Eric Kapitulik and his organization: http://TheProgram.orgBecause Unified meaning is the one single monolithic difference between mediocrity and greatness for all individuals and companies, today more than ever, it is time to upgrade your leadership. Find out how you can hire Dov Baron, "The Dragonist", as a speaker or strategist for yourself or your organization: DovBaron.com See acast.com/privacy for privacy and opt-out information.

Sara Paretsky is a modern American author of detective fiction. Paretsky was raised in Kansas, and graduated from the state university with a degree in political science. She did community service work on the south side of Chicago in 1966 and returned in 1968 to work there. She ultimately completed a Ph.D. in history at the University of Chicago, entitled The Breakdown of Moral Philosophy in New England Before the Civil War, and finally earned an MBA from the University of Chicago Graduate School of Business. She has lived in Chicago since 1968.The protagonist of all but two of Paretsky's novels is V.I. Warshawski, a female private investigator. Warshawski's eclectic personality defies easy categorization. She drinks Johnnie Walker Black Label, breaks into houses looking for clues, and can hold her own in a street fight, but also she pays attention to her clothes, sings opera along with the radio, and enjoys her sex life.Paretsky is credited with transforming the role and image of women in the crime novels.Chicago may be the city of broad shoulders, but its political law is “Pay to Play.” Money changes hands in the middle of the night, and by morning, buildings and parks are replaced by billion-dollar projects.DEAD LAND - Chicago PI V.I. Warshawski gets pulled into one of these clandestine deals through her impetuous goddaughter, Bernie Fouchard. Bernie tries to rescue Lydia Zamir, a famed singer-songwriter now living on the streets; Zamir’s life fell apart when her lover was murdered next to her in a mass shooting at an outdoor concert. Not only does Bernie plunge her and V.I. headlong into the path of some ruthless developers, they lead to the murder of the young man Bernie is dating. He’s a computer geek working for a community group called SLICK.V.I. is desperate to find a mysterious man named Coop, who roams the lakefront in the middle of the night with his dog. She’s sure he holds the key to the mounting body count within SLICK. Coop may even know why an international law firm is representing the mass murderer responsible for Lydia’s lover’s death. Instead, the detective finds a terrifying conspiracy stretching from Chicago’s parks to a cover-up of the dark chapters in America’s meddling in South American politics. Before she finds answers, this electrifying novel pushes V.I. close to the breaking point: People who pay to play take no prisoners.Liz Decker is the owner of Caprichos Books an independent book store in Bel Air, Maryland. These are trying times for small business owners. Liz shares how she is coping and finding ways to to keep the book store a vital part of downtown Bel Air.

Born and raised in Thompson, CT, Eric Kapitulik attended Pomfret Preparatory School, where he excelled as a three-sport varsity athlete. Upon graduation, Eric matriculated at the United States Naval Academy, where he was a four-year varsity letter player on the Division I Lacrosse team. After graduation in 1995, Eric went on to serve in the United States Marine Corps as both an Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division. As a Platoon Commander within his company, Eric led a team of 20 covert operations specialists on numerous Special Forces-related missions, including long-range reconnaissance patrols, hostage rescues, high-altitude jump exercises, ship takeovers and gas-oil platform takedowns. In 1999, during a routine training mission to prepare for an upcoming deployment to the Persian Gulf, Eric and his platoon were in a helicopter crash that resulted in the death of seven Marines. In response to this tragedy, Eric created the Force Reconnaissance Scholarship Fund to benefit the children of his fallen men. Eric left active duty after eight years of service and received his MBA from the University of Chicago Graduate School of Business in 2005. He founded The Program in 2008. Eric holds himself to high standards and always strives to do ONE MORE. He has participated in eight Ironman Triathlons, The Canadian Death Race Ultra Marathon, The Eco Challenge, and The American Birkebeiner Ski Marathon. He is also an avid mountaineer and has summited five of the Seven Summits (the highest peaks on each of the seven continents): Mt. Kilimanjaro, Mt. McKinley, Mt. Aconcagua, Mt. Elbrus, and, most recently, Mt. Everest. Episode Highlights: Eric shares key life lessons learned from his time at the United States Naval Academy and the United States Marine Corps. Travis and Eric have an important dialogue about failure and the opportunity to reframe failure in a positive light. 3 Key Points: Reframe the way you view failure. Build a habit of courage. Narrow your bandwidth and determine what you want to do. Tweetable Quotes: "You will never have 100% of the information." "Once you make a decision, work your backside off to make it the right decision." Resources Mentioned: http://www.theprogram.org/athletics/ (http://www.theprogram.org/athletics/) Visit Travis’ website at travischappell.com (https://create.acast.com/episodes/3b48e6da-a672-4e83-9897-ddefc4e88bc7/travischappell.com) Join the Build Your Network Facebook group travischappell.com/group (https://create.acast.com/episodes/3b48e6da-a672-4e83-9897-ddefc4e88bc7/travischappell.com/group) If you want to amplify your network... For information regarding your data privacy, visit acast.com/privacy (https://www.acast.com/privacy)

Brigitte C. Madrian is the Dean and Marriott Distinguished Professor in the Brigham Young University Marriott School of Business where she has a joint appointment in the Department of Finance and the George W. Romney Institute of Public Service and Ethics. Before coming to BYU, she was on the faculty at the Harvard Kennedy School (2006-2018), the University of Pennsylvania Wharton School (2003-2006), the University of Chicago Graduate School of Business (1995-2003) and the Harvard University Economics Department (1993-1995).

Brigitte C. Madrian is the Dean and Marriott Distinguished Professor in the Brigham Young University Marriott School of Business where she has a joint appointment in the Department of Finance and the George W. Romney Institute of Public Service and Ethics. Before coming to BYU, she was on the faculty at the Harvard Kennedy School (2006-2018), the University of Pennsylvania Wharton School (2003-2006), the University of Chicago Graduate School of Business (1995-2003) and the Harvard University Economics Department (1993-1995).

Our guest this week is John Rekenthaler. Rekenthaler is a director in Morningstar Research Services and a feature contributor to our platforms, including Morningstar.com. A lucid thinker and brilliant writer, his popular "Rekenthaler Report" column has become a must read among investors, financial advisors, fund industry participants, and beyond.Rekenthaler began his career at Morningstar in 1988 and has worn a number of hats, including leadership roles in our research and investment management divisions. Among other achievements, Rekenthaler has been a key player in developing some of Morningstar's best-known tools, including the Morningstar Rating for funds and the Morningstar Style Box. He holds a bachelor's degree in English from the University of Pennsylvania and a master's degree in business administration from the University of Chicago Graduate School of Business.BackgroundThe Rekenthaler ReportMorningstar Rating for funds methodologyMorningstar Style Box methodologyInvestor Behavior Morningstar's Mind the Gap study Rekenthaler Report: "Mutual Funds: Where Fun Came to Die"Rekenthaler Report: "3 Reasons Index Investors Deserve Perdition (or Not)"Rekenthaler Report: "Up-Front Investment Fees Are (Almost) No More"IncentivesRekenthaler Report: "Give Performance Fees a Chance"How John InvestsRekenthaler Report: "What's in My Portfolio?"Most and Least Popular ColumnsRekenthaler Report: "Enough with Revenue Sharing!"Rekenthaler Report: "About that Rigging Claim"Flash Boys: A Wall Street Revolt, by Michael Lewis, March 2014.Compelling Academic ResearchRekenthaler Report: "Predicting Mutual Fund Returns With the Ownership Lens""Judging Fund Managers by the Company They Keep," by Randolph Cohen, Joshua Coval, and Lubos Pastor; NBER Working Paper No. 9359, December 2002.The State of RetirementRekenthaler Report: "The Retirement Crisis That Isn't?"Teresa Ghilarducci"A Perplexing Tale About 401(k)s," by Scott Cooley; Morningstar.com, Nov. 26, 2015.Rekenthaler Report: "The British Show How to Improve 401(k)s"Best and Worst InnovationsRekenthaler Report: "Why ETFs Succeeded for Retail Investors"Rekenthaler Report: "Tactical-Allocation Funds: Even Worse Than Expected"Jack BogleRekenthaler Report: "Jack Bogle Strikes Back!"Rekenthaler Report: "Jack Bogle's (Somewhat) Accidental Legacy"Corporate Governance"Anticompetitive Effects of Common Ownership," by Jose Azar, Martin Schmalz, and Isabel Tecu; Journal of Finance, May 2018.Rekenthaler Report: "Are Index Funds Too Soft on CEOs?"Rekenthaler Report: "The Latest Salvo Against Indexing"Rekenthaler Report: "The Doctrine of Shareholder Value Has Indeed Helped Shareholders"Albert J. "Chainsaw Al" Dunlap  bioWhat John ReadsBerkshire Hathaway shareholder lettersJoe Mansueto bioReflections on InvestingRekenthaler Report: "My Investment Howler"

Eric Kapitulik was born and raised in Thompson, CT and attended Pomfret Preparatory School where he was a three-sport varsity athlete. Upon graduating, he attended the United States Naval Academy. While there, he was a 4-year varsity letter winner and played on three NCAA Division I Lacrosse Tournament teams. During his junior year, Eric received the Lt. JG Frank McKeone Award, given to the Navy player who most demonstrated spirit and sportsmanship and who served as the unsung hero. Eric was also named Navy’s Most Outstanding Defenseman and received North-South All-Star honors his senior year at the Academy. He graduated in 1995 and went on to serve as both an Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division. As a Force Reconnaissance Platoon Commander, Eric led 20 covert operations specialists in Special Forces related missions including long-range reconnaissance patrols, hostage rescue, high altitude jump exercises, ship takeovers, and gas-oil platform takedowns. He left active duty after eight years of service and graduated from the University of Chicago Graduate School of Business in 2005. Eric has been extensively involved with the Force Reconnaissance Scholarship Fund, which he established for the children of six Marines who died in a helicopter crash while serving under his command. Since 1999, he has been helping to raise funds and has done so through public speaking engagements covering Leadership and Attacking Adversity and through participation in Iron Man Triathlons and other ultra-endurance races around the world. In addition to finishing 8 Iron Man triathlons, Eric has competed in numerous marathons, the Canadian Death Race Ultra Marathon, the Eco Challenge, the American Birkebeiner Ski Marathon and was a competitor on The Outdoor Life Networks Global Extremes Challenge. Eric is also an avid high altitude mountaineer. He has summited five of the Seven Summits (the highest peaks on the seven continents); Mt. Kilimanjaro, Mt. McKinley, Mt. Aconcagua, Mt.Elbrus and most recently Mt. Everest. Eric sits on the board of directors for the Massachusetts Soldiers Legacy Fund and is the Founder and President of The Program LLC, a team-building and leadership development company for high school and collegiate student-athletes and corporate teams. — As a former D1 lacrosse player and Special Operations Officer with 1st Force Reconnaissance Company, Eric Kapitulik maintains a standard of excellence in every facet of his life. The lessons he took away from those experiences are invaluable, so Eric is paying it forward by teaching structure, discipline, and an unrivaled leadership methodology to athletes and executives who want to take their teams to the next level. Eric’s program has one mission: to develop better leaders and create more cohesive teams—that’s all they do. He facilitates personal development, leadership development, and team building through shared adversity, and helps individuals and teams grow by stepping outside of their comfort zones. Eric works with collegiate and professional athletic programs and corporations across North America to reinvent their standards of leadership. Then, they commit the lessons to memory through experiential training. Click here to listen to the episode, and make sure to visit www.absoluteadvantagepodcast.com for more content that inspires, encourages and helps you grow and make an impact QUICKLY both professionally and personally. Ways to contact Eric Kapitulik: Book: The Program: Lessons From Elite Military Units for Creating and Sustaining High-Performance Leaders and Teams Website: www.TheProgram.org The Program’s Facebook: https://www.facebook.com/WeDoOneMore/ Eric’s LinkedIn: https://www.linkedin.com/in/eric-kapitulik-6996a048/ The Program’s LinkedIn: https://www.linkedin.com/company/the-program-llc/ Eric’s Twitter: @erickapitulik6 The Program’s Twitter: @theprogramorg

Eric Kapitulik was born and raised in Thompson, CT and attended the United States Naval Academy. While there, he was a 4-year Varsity Letter winner. He graduated in 1995 served as a Marine Infantry Officer and Special Operations Officer. Eric left active duty after eight years of service and graduated from the University of Chicago Graduate School of Business. He is also an ultra-endurance athlete and an avid high-altitude mountaineer. Eric is now the Founder and CEO of The Program, a leadership development and team building company that works with corporate teams and leading collegiate and professional athletic organizations around the United States. “everyone is going to tell you that right now is a bad time to start your business, don't believe them. Number one in a recession or in a tough market it's a great time to start a business because in a recession or in a tough market you will very quickly find out what your core business is because you won't be able to sell anything else other than what you are the best in the world at because there is just not money out there being put towards it. Second on that same point though… And that it's not the right time to start a business that is like is there a right time to get married, is there a right time to start a family? If you are waiting for the right time chances are you will wait forever. Instead if you think you want to do it then go and do it, just go and do it and then be prepared to work really hard in making that decision the right decision. Number one. Number two he told me don't ever talk yourself into believing that you are worth less than what you are. Most people do… Things aren't cheap or expensive it's a question of value. Okay it cost a lot of money but I'm giving you that value that is signified by that price. Believe in it because what you are saying is you are believing in yourself. You are providing that value. Too many people talk their own personal value down. Don't, don't do it ”…[Listen for More] Click Here for Show Notes To Listen or to Get the Show Notes go to https://wp.me/p6Tf4b-7ft

Marketing and Communications SpecialistsOpportunity International, Breakthrough Urban MinistriesPam Gifford graduated with a Bachelor’s Degree in English and Literature from University of Illinois at Urbana-Champaign. In 1996, Gifford worked for three years at the University of Chicago Graduate School of Business, where she founded and edited Capital Ideas. In 1999, Gifford joined Hill and Knowlton Inc., and held the position of vice president for five years. She then worked for Hewlett-Packard for a year and a half as the Communications Director for Emerging Market Solutions. In 2006, Gifford found her way to International Justice Mission. She worked there for six years, holding the positions of Vice President of Communications, and Vice President of Corporate and Strategic Partners. Gifford is currently a Chicago Chapter founder and team member for 4word. She is also a board member of development for Glen Ellyn Infant Welfare Society. Last but not least, Pam Gifford is a strategic communications consultant at Opportunity International, Breakthrough Urban Ministries, and Pui Tak Christian School.

Born and raised in Thompson, CT, Eric Kapitulik attended Pomfret Preparatory School, where he excelled as a three-sport varsity athlete. Upon graduation, Eric matriculated at the United States Naval Academy, where he was a four-year varsity letter player on the Division I Lacrosse team.After graduation in 1995, Eric went on to serve in the United States Marine Corps as both an Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division.As a Platoon Commander within his company, Eric led a team of 20 covert operations specialists on numerous Special Forces-related missions, including long-range reconnaissance patrols, hostage rescues, high-altitude jump exercises, ship takeovers and gas-oil platform takedowns.In 1999, during a routine training mission to prepare for an upcoming deployment to the Persian Gulf, Eric and his platoon were in a helicopter crash that resulted in the death of seven Marines.In response to this tragedy, Eric created the Force Reconnaissance Scholarship Fund to benefit the children of his fallen men.Eric left active duty after eight years of service and received his MBA from the University of Chicago Graduate School of Business in 2005. He founded The Program in 2008.Eric holds himself to high standards and always strives to do ONE MORETM. He has participated in eight Ironman Triathlons, The Canadian Death Race Ultra Marathon, The Eco Challenge, and The American Birkebeiner Ski Marathon. He is also an avid mountaineer and has summited five of the Seven Summits (the highest peaks on each of the seven continents): Mt. Kilimanjaro, Mt. McKinley, Mt. Aconcagua, Mt. Elbrus, and, most recently, Mt. Everest.Learn More:http://www.theprogram.org/Influential Influencers with Mike Saundershttp://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/

Born and raised in Thompson, CT, Eric Kapitulik attended Pomfret Preparatory School, where he excelled as a three-sport varsity athlete. Upon graduation, Eric matriculated at the United States Naval Academy, where he was a four-year varsity letter player on the Division I Lacrosse team.After graduation in 1995, Eric went on to serve in the United States Marine Corps as both an Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division.As a Platoon Commander within his company, Eric led a team of 20 covert operations specialists on numerous Special Forces-related missions, including long-range reconnaissance patrols, hostage rescues, high-altitude jump exercises, ship takeovers and gas-oil platform takedowns.In 1999, during a routine training mission to prepare for an upcoming deployment to the Persian Gulf, Eric and his platoon were in a helicopter crash that resulted in the death of seven Marines.In response to this tragedy, Eric created the Force Reconnaissance Scholarship Fund to benefit the children of his fallen men.Eric left active duty after eight years of service and received his MBA from the University of Chicago Graduate School of Business in 2005. He founded The Program in 2008.Eric holds himself to high standards and always strives to do ONE MORETM. He has participated in eight Ironman Triathlons, The Canadian Death Race Ultra Marathon, The Eco Challenge, and The American Birkebeiner Ski Marathon. He is also an avid mountaineer and has summited five of the Seven Summits (the highest peaks on each of the seven continents): Mt. Kilimanjaro, Mt. McKinley, Mt. Aconcagua, Mt. Elbrus, and, most recently, Mt. Everest.Learn More:http://www.theprogram.org/Influential Influencers with Mike Saundershttp://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/

Born and raised in Thompson, CT, Eric Kapitulik attended Pomfret Preparatory School, where he excelled as a three-sport varsity athlete. Upon graduation, Eric matriculated at the United States Naval Academy, where he was a four-year varsity letter player on the Division I Lacrosse team.After graduation in 1995, Eric went on to serve in the United States Marine Corps as both an Infantry Officer and Special Operations Officer with 1st Force Reconnaissance Company, 1st Marine Division.As a Platoon Commander within his company, Eric led a team of 20 covert operations specialists on numerous Special Forces-related missions, including long-range reconnaissance patrols, hostage rescues, high-altitude jump exercises, ship takeovers and gas-oil platform takedowns.In 1999, during a routine training mission to prepare for an upcoming deployment to the Persian Gulf, Eric and his platoon were in a helicopter crash that resulted in the death of seven Marines.In response to this tragedy, Eric created the Force Reconnaissance Scholarship Fund to benefit the children of his fallen men.Eric left active duty after eight years of service and received his MBA from the University of Chicago Graduate School of Business in 2005. He founded The Program in 2008.Eric holds himself to high standards and always strives to do ONE MORETM. He has participated in eight Ironman Triathlons, The Canadian Death Race Ultra Marathon, The Eco Challenge, and The American Birkebeiner Ski Marathon. He is also an avid mountaineer and has summited five of the Seven Summits (the highest peaks on each of the seven continents): Mt. Kilimanjaro, Mt. McKinley, Mt. Aconcagua, Mt. Elbrus, and, most recently, Mt. Everest.Learn More:http://www.theprogram.org/Influential Influencers with Mike Saundershttp://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/

  Jon LaClare has a passion for the work he does for his clients. Through Harvest Growth, the company Jon founded in 2006, he has been able to utilize the brand management skills he acquired at Kraft Foods and OxiClean for up and coming products. Harvest Growth has over a decade of experience launching new products and rollouts for companies like OxiClean, Kaboom, Orange Glo, Nabisco, Planters Nuts, Sonic Scrubber and Bona. These products are now household names, and Harvest Growth uses the same marketing principles to help startups as well as high-growth companies optimize their potential in direct-response television, online marketing, social media and retail. Jon started his career as a CPA with Ernst & Young in Boston and then earned his MBA at the University of Chicago Graduate School of Business in order to transition into a product marketing career. He managed the $450 million Planters Cans & Jars business and the $40 million Kaboom brand, which gave him deep experience in growing existing brands. Additionally, Jon managed new product launches for OxiClean and Nabisco by employing direct-response television and online marketing tactics. Since founding Harvest Growth, he has had the pleasure of helping over 200 companies successfully launch their products on TV, online and into retail. Today, Harvest Growth is a leading product marketing consulting firm helping products and brands to profitably grow with TV infomercials, paid social media marketing, HSN and in retail. Whether your company is a startup with a brand new product or an established brand looking for help managing your growth, Jon LaClare and Harvest Growth can help you succeed.

Leading healthcare providers are always looking for new ways to help their patients and bend the cost curve. New technology companies are always looking for early adopters to try their products. You'd think it'd be easier to match them up, but if you've been on either side of that equation then you know how hard it actually is. On this episode Vice President of Innovation at UCHealth, Julie Reisetter takes us through how her team finds the right partnerships for her health system. We also hear from existing UCHealth partners Borna Safabakhsh, CEO of AgileMD and Cole Sandau, CCO of Health Scholars on the innovative work they're doing and what it's like to partner with a health system. This episode was recorded at the Health IT Expo. You can find more of our coverage of the conference here.   Julie Reisetter – VP of innovation at UC Health 0:00 Introduction to UCHealth 2:00 Origins of UCHealth and big problems they were trying to solve: Wayfinder into hospital, EMR user experience, VR for training 5:58 Running an innovative company 8:10 How UCHealth finds digital partners 10:30 Goals and milestones for partnerships with tech companies www.uchealth.org Borna Safabakhsh - CEO of AgileMD 14:00 Introduction to AgileMD. What is a Clinical Decision Support engine? 15:25 How does CDS integrate into your EMR system? 16:45 Roadmap to partnering with UC Health 18:55 Important differences between early customers for a Health Care IT company 20:21 Quality control for CDS and feedback loops to customize algorithms 22:22 What medium to large companies can gain from managing practice variation www.agileMD.com Cole Sandau, Chief Commercial Officer at Health Scholars 23:55 Introduction to Health Scholars. Clinical education and medical simulation: a true blended learning experience in virtual reality. 25:23 What kinds of simulations can doctors use to practice in? Fire in the OR! 28:10 The study published on this scenario had 250% improvement after VR training. 28:40 The ROI of simulating a “Never Event”. 32:28 The visceral experience of a VR. A richer education you'll never get from a textbook. 35:00 Why abstract concepts and non-repeatable events are best explained in VR. 37:40 How did you partner with UC Health? 39:35 Goals for partnerships and what the future holds. www.healthscholars.com   About our Guests Julie Reisetter – VP of Innovation at UCHealth In 2016, Julie was selected as the University of Colorado Health's first Vice President for Innovation where she oversees the activities of UCHealth's CARE (Care Advancement through Research and Entrepreneurship) Innovation Center. The CARE Innovation Center at UCHealth offers a comprehensive suite of resources and services designed to revolutionize healthcare with leading industry and startup partners. By combining the intellectual assets of the University of Colorado faculty and the clinical laboratory at UCHealth, the CARE Innovation Center is focused on developing, testing, implementing, and spinning out the next generation of digital technology and decision support science. The CARE Innovation Center team includes physician informaticists, engineers and data scientists working with clinicians who have unparalleled expertise in clinical care delivery, process improvement, implementation science, clinical informatics, and predictive analytics. A world-class team at the forefront of improving the way healthcare is being delivered. Prior to joining UCHealth, Julie served as Banner Health's first Chief Nursing Officer, Telehealth Services, within the Innovation division. In addition, she's had the opportunity to speak widely on a national level, including ACHE, HMA Executive Forum, NAHC, HealthLeaders Media and HIMSS and has served in a variety of advisory positions, including the AAMI Foundation National Coalition for Alarm Management and the National Coalition to Promote the Safe Use of Complex Healthcare Technology. https://twitter.com/JulieReisetter https://www.linkedin.com/in/julie-reisetter-19252a24/ Borna Safabakhsh - CEO of Agile MD Borna Safabakhsh is a software engineer and healthcare entrepreneur in Silicon Valley, and the cofounder and CEO of AgileMD, a digital health startup reinventing how physicians interact with clinical data and tools at the bedside. AgileMD's clinical tools are used at over 300 hospitals by 50,000 healthcare providers to deliver high-quality care. While getting his MBA from Chicago Booth, Safabakhsh was recognized as "Most Promising Entrepreneur" by the University of Chicago and "50 for the Future" by the Illinois Technology Foundation. [Source: https://research.chicagobooth.edu/home/magazine/winter-2016/conversations/in-good-health] https://www.linkedin.com/in/bornas/ https://www.agilemd.com/ Cole Sandau, Chief Commercial Officer at Health Scholars Cole Sandau recognized the need to advance immersive education and clinical training effectiveness. As Chief Commercial Officer, Cole is furthering Health Scholars' vision is to develop the industry's most effective and comprehensive enterprise platform to manage and orchestrate clinical education, disseminate best practices and enable cross-disciplinary collaboration – ensuring customers can deliver the very best patient care. As the founder of Optera, Cole is the managing director, providing direction and vision to the company. Cole has extensive experience in market strategy and customer insight, including 20 years of practical, hands-on experience in developing and executing core marketing and sales programs. Cole is a recognized industry leader in the design and execution of integrated marketing, value selling and go-to-market programs. He has pioneered the use of customer experience models as a business management framework and adapting experience models to multi-tier distribution models. Prior to founding the Optera Group in 2005, Cole played key market strategy and development roles within leading technology companies, including StorageTek, Sun Microsystems, Qwest Communications and SpectraLink. Cole has degrees from the School of Management at Purdue University and attended the executive program at the University of Chicago Graduate School of Business. https://www.linkedin.com/in/colesandau/ https://twitter.com/ColeSandau/ http://www.healthscholars.com/  http://opteragroup.com/   About Guest Companies UCHealth UCHealth is a nationally recognized, nonprofit network of 10 acute care hospitals and more than 150 clinics throughout Colorado, southern Wyoming and western Nebraska. With University of Colorado Hospital as its academic anchor, UCHealth is uniquely able to provide advanced treatments and innovative clinical trials, ensuring excellent care and outcomes for more than 1.4 million unique patients each year. UCHealth's mission is to improve the lives of people in Colorado and beyond, and in fiscal year 2017, UCHealth spent $647 million on financial assistance, subsidized care and other areas to directly benefit patients and the communities it serves. U.S. News & World Report has named University of Colorado Hospital to its Best Hospitals Honor Roll, a list of the top 20 facilities among almost 5,000 hospitals across the nation. The American Nurses Credentialing Center has awarded Poudre Valley Hospital, Medical Center of the Rockies and University of Colorado Hospital with multiple Magnet designations, representing the highest quality nursing. With a constant focus on quality and safety, including minimizing patient falls, hospital acquired infections, readmissions and other risks, UCHealth hospitals rank among the top 10 percent of facilities nationwide according to Vizient (previously called University HealthSystem Consortium). The UCHealth Medical Group directly employs about 700 providers, and our partners at the University of Colorado School of Medicine employ an additional 2,800 providers. Thousands more physicians and advanced practice providers are affiliated with UCHealth and have privileges to practice at our community hospitals. https://www.uchealth.org/ https://www.uchealth.org/about/innovation/ Agile MD At AgileMD, we are building the most advanced real-time predictive analytics and clinical algorithms platform for hospitals. Our cloud-based engine supports and empowers the medical decisions of thousands of physicians across hospitals and clinics around the country, so that every patient receives the highest quality and value of care based on the latest medical knowledge and data. AgileMD is headquartered in San Francisco, California. We are backed by Y-Combinator and Rock Health. AgileMD is funded with seed capital, awards earned by winning the Chicago Booth New Venture Challenge and the Chicago Biotech Consortium Competition, as well as strong revenue from our hospital customers. https://www.agilemd.com/ Health Scholars Health Scholars was created in 2017, spun out of OSF Healthcare and their mission to bring healthcare led innovations to market. Health Scholars is headquartered in Denver, Colorado and has clinical and support operations embedded in the world-class Jump Trading Simulation and Education Center on the OSF Campus in Peoria, Illinois. Health Scholars was founded by healthcare professionals who recognized the need to advance immersive education and clinical training effectiveness. Health Scholars' vision is to develop the industry's most effective and comprehensive enterprise platform to manage and orchestrate clinical education, disseminate best practices and enable cross-disciplinary collaboration – ensuring our customers can deliver the very best patient care. http://www.healthscholars.com/   Subscribe to Weekly Updates If you like what we're doing here, then please consider signing up for our weekly newsletter. You'll get one email from me each week detailing: New podcast episodes and blog posts. Content or ideas that I've found valuable in the past week. Insider info about the show like stats, upcoming episodes and future plans that I won't put anywhere else. Plain text and straight from the heart :) No SPAM or fancy graphics and you can unsubscribe with a single click anytime.   The #HCBiz Show! is produced by Glide Health IT, LLC in partnership with Netspective Media. Music by StudioEtar

Have you ever thought that you’re at a place in your life where it’s too late to start over? Sometimes I feel like we get to a certain age (an age that doesn’t actually really exist) and we think that we are stuck doing what we are doing forever. We think that if we aren’t successful doing something by age…. let’s day 28! Then we are STUCK. It’s never too late. I mean, Morgan Freeman was 52 when he got his first leading role in a movie… and now we see Morgan Freeman do everything! Vera Wang decided she wanted to be a designer… at age 40! Ray Kroc didn’t open his first McDonald’s until after he turned 50. This just goes to show it is NEVER too late to pursue something you believe in…  My guest this week is Steven Wallace, author of OBRONI AND THE CHOCOLATE FACTORY and founder of Omanhene Cocoa Bean Company, the first beyond fair trade, “single-origin” chocolate in Ghana. I LOVED chatting with Steven because, let’s be honest, I love chocolate, and also because this is an area that I honestly do not know a lot about and I was so eager and ready to learn from Steven’s experiences… You’re going to LOVE this one… About Steven: Steven Wallace, Founder/President of The Omanhene Cocoa Bean Company. Omanhene is the first company to sustain exports of premium chocolate manufactured entirely in Africa. Omanhene is credited with producing the world’s first single-origin chocolate bar in 1994 and with creating an entirely new chocolate category (dark milk chocolate). Omanhene’s entrepreneurial accomplishments and path-breaking business model have been recognized by President Jimmy Carter, former ambassador Shirley Temple Black and the United Nations Global Compact. He was selected as one of the inaugural TED Fellows in 2007. He is a featured subject in the book, “Food Heroes” by Georgia Pellegrini and features prominently in the book “Chocolate Nations” by Orla Ryan. He is the author of “Obroni and the Chocolate Factory: An Unlikely Story of Globalization and Ghana’s First Gourmet Chocolate Bar” (2017, Skyhorse Publishing). Wallace first came to the Brong-Ahafo region of Ghana as a high school foreign exchange student during the summer of 1978. (He lived with a traditional Ghanaian family, which consisted of a host father and his three wives and 21 children.) He founded Omanhene at the age of 29. Wallace often speaks on economic development, cross-cultural issues and the challenges of starting a gourmet food business in Africa. He delivered a TEDx talk in Accra and has served as a guest panelist at the US State Department sponsored African Growth and Opportunity Act Forum in Accra, Ghana. Wallace frequently speaks at public events and universities including Brown, Princeton, The University of Chicago Graduate School of Business, The University of Michigan Graduate School of Business and Northwestern University. Wallace is a founding partner in NuMedika, a patient-centric telemedicine platform specifically designed for the African continent. Previously, Wallace worked in broadcasting in the newsroom of WMAL-AM 63, a networkowned radio station in Washington, DC and then as an attorney with the boutique tax law firm of Silverstein & Mullens in Washington, DC. He later served as the vice-president of Midstates Sportswear. He served as vice-chair of the board of directors of AFS-USA, Inc. and on the board of trustees of AFS Intercultural Programs, Inc. the largest volunteer student exchange organization in the world. AFS has been instrumental in the US State Department’s YES program bringing young people from countries with Muslim populations to the US to spend a year with a US family and attend a US high school. Wallace holds a bachelor’s degree in History magna cum laude (Phi Beta Kappa) from Brown University and a juris doctor degree from the University of Chicago Law School. Mr. Wallace is a member of the Council on Foreign Relations. He lives in Whitefish Bay, WI. For more information, see www.omanhene.com. Connect with Steven: https://www.omanhene.com/ https://twitter.com/OmanheneChoc https://www.facebook.com/OmanheneIsMadeFromTheBestCocoaInTheWorldPeriod/ Buy Steven's Book Special thanks to CAUSEBOX for sponsoring this week's Business with Purpose podcast. Use coupon code MOLLY for $15 off! Join my Purchase with Purpose Facebook group and let's continue the conversation! https://www.facebook.com/groups/purchasewithpurpose/ Subscribe to the Business with Purpose podcast (and I'd love it if you left a review** on iTunes!) Subscribe on iTunes** Subscribe on Google Play Subscribe on Radio Public Subscribe via Podcast RSS Feed **Want to know how to leave a review of the Business with Purpose Podcast on iTunes from your iPhone or iPad? Launch Apple's Podcast app. Tap the Search tab. Enter "Business with Purpose" Tap the blue Search key at the bottom right. Tap the Blue album art for the podcast. Tap the Reviews tab. Tap Write a Review at the bottom. Enter your iTunes password to login. Tap the Stars to leave a rating. Enter title text and content to leave a review. Tap Send.  

Today’s program is really special, because my guest is Brigitte Madrian. Brigitte is the Aetna Professor of Public Policy and Corporate Management at the Harvard Kennedy School, and also co-director of the Household Finance working group at the National Bureau of Economic Research. She is a leading expert in behavioral economics and consumer decision-making regarding both health and finance, and in finance,especially savings and retirement. Importantly to me, she is also my faculty advisor for the book I’m writing. Regular listeners know I’m spending two years as a Senior Fellow at the Center for Business and Government in the Kennedy School.  As I started into my fellowship last year, I had the great fortune of linking with Brigitte as my faculty advisor for the book.  She is part of the movement in economics that’s rethinking the classical theory that assumes that everyone behaves rationally. That work goes to the very heart of the condundrum in consumer finance, where both policymakers and industry have to grapple with the fact that consumers don’t always make the choices that are best for them. Understanding the many reasons why that happens, and how to elicit better decisions, is one of the keys to improving consumer financial health. For this podcast, I met with Brigitte in her office on a lovely summer day. The Kennedy school is a complex of brick buildings clustered on the bank of the Charles River – it’s located about halfway between the Harvard Business School, on the other side of the river, and the old Harvard Yard, which is the traditional heart of the college (Harvard was founded in 1636). The Kennedy School has been undergoing construction ever since I got here – I get a fascinating display of cranes and I-beams and such from my little office space in the Belfer building – but Brigitte and I had a quiet talk during summer semester, with most of the students away. She came to Harvard about 10 years ago, and in our talk, she quoted someone once saying that professional schools tend to be run very much like the professions they represent. It’s certainly true of the Kennedy School, which is all about gathering together a multiplicity of voices to grapple with public policy challenges. And it’s especially true for my center, which is the Mossavar-Rahmani Center for Business and Government. All of our fellows are working on finding practical solutions at the nexus of public policy and the private sector. That’s what Brigitte has done in her research. She started out by looking at data on retirement plans (her first paper was about automatic enrollment), and she found the results so compelling that she didn’t even need to do statistical analysis to see that automatic enrollment led to dramatic increase in savings plan participation, especially among the groups least likely to participate -- employees who were younger, lower-paid employees, newly-hired, black and latino. The automatic enrollment caused an amazing 50-60% increase in plan participation. That paper got a lot of attention and led her to a 20 year research agenda trying to understand financial decisions. I think you’ll be very interested in her views about the track record for policies like financial literacy education and financial incentives to save. She pinpoints complexity as a critical problem, and she’s not a fan of disclosure as the solution. Our talk was especially timely because we met shortly after release of an important study she helped produce, by the Retirement Security and Personal Savings Commission of the Bipartisan Policy Center in Washington.   The report is titled Securing Our Financial Future, and makes recommendations for policymakers on how to increase income security for older individuals. She’ll describe some of the highlights. I’m excited about behavioral economics because when these insights are combined with new technology, it becomes possible to create vastly better financial products. You may remember my discussion with Ethan Bloch of Digit, which incorporates these same principles of letting people save automatically instead of through daily effort, and in trying to bring financial decision-making time to zero. Easy and sound financial management is suddenly becoming possible. Brigitte’s biography: Brigitte Madrian is the Aetna Professor of Public Policy and Corporate Management at the Harvard Kennedy School.  Before coming to Harvard in 2006, she was on the Faculty at the University of Pennsylvania Wharton School (2003-2006), the University of Chicago Graduate School of Business (1995-2003) and the Harvard University Economics Department (1993-1995).  She is also a research associate and co-director of the Household Finance working group at the National Bureau of Economic Research. Dr. Madrian’s current research focuses on behavioral economics and household finance, with a particular focus on household saving and investment behavior.  Her work in this area has impacted the design of employer-sponsored savings plans in the U.S. and has influenced pension reform legislation both in the U.S. and abroad. She is also engaged in research on health, using the lens of behavioral economics to understand health behaviors and improve health outcomes; in the past she has also examined the impact of health insurance on the job choice and retirement decisions of employees and the hiring decisions of firms. Dr. Madrian received her Ph.D. in economics from the Massachusetts Institute of Technology and studied economics as an undergraduate at Brigham Young University.  She is the recipient of the National Academy of Social Insurance Dissertation Prize (first place, 1994) and a two-time recipient of the TIAA-CREF Paul A. Samuelson Award for Scholarly Research on Lifelong Financial Security (2002 and 2011). Also…. Please sign up for our mailing list, which includes our newly-launched newsletter highlighting events of the month and my thoughts about them. I have some big news coming up – I’m co-founding a Reg-Tech venture, so don’t miss hearing about it! Subscribe Sign up with your email address to receive news and updates. Email Address Sign Up We respect your privacy. Thank you! Also, please send in your “buck a show” to support Barefoot Innovation. Have you ever noticed that we often have long lapses of time between when we record a podcast and when we post it? That’s because the show is free, but takes huge amounts of time to produce. And we produce it on a shoestring – I work with my little cadre of young part-timers. If we can develop more revenue, we want to get onto a more frequent and regular schedule. You won’t belive the amazing episodes I have already recorded, but haven’t yet been able to share. So if you love the show – and I hear constantly that people do, and we have thousands of people listening around the world – it would be great for you to send in a little bit of support. Support our Podcast Remember, follow me on twitter at @joannbarefoot, and please review us on iTunes. And come to my new Facebook fan page HERE Last but not least, come back next time for an exciting conversation with Colin Walsh, right around the time he is launching his new fintech venture….Varo. See you then!

In this latest Index Ventures podcast, Richard Thaler, professor of behavioural science and economics at the University of Chicago Graduate School of Business, speaks to Rohan Silva, co-founder of Second Home, and Index’s Ventures’ Martin Mignot about behavioural economics and its lessons for entrepreneurs. Economist Richard H. Thaler’s bestseller Nudge: Improving Decisions about Health, Wealth and Happiness, co-authored with Cass R. Sunstein, shook up the world of economics in much the same way as great entrepreneurs take on incumbent businesses, and influenced world leaders including Barack Obama and David Cameron. To illustrate how humans require ‘nudges’ to improve their behaviour, Thaler famously cites how he once removed a bowl of cashew nuts from his dinner party guests to stop them filling up before dinner. “People were (a) happy, and (b) they realized their reaction conflicted with traditional economic theory,” he recently explained to Time magazine.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Sanjay Dhar, marketing professor in the University of Chicago Graduate School of Business, investigates the strategic role of advertising investments in the formation of long-run industrial market structures. (c)2006 The University of Chicago.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Sanjay Dhar, of the University of Chicago Graduate School of Business, observes several striking geographic patterns in the performance of national brands. (c)2006 The University of Chicago

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Sanjay Dhar, marketing professor in the University of Chicago Graduate School of Business, investigates the strategic role of advertising investments in the formation of long-run industrial market structures. (c)2006 The University of Chicago.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. University of Chicago Graduate School of Business Professor Richard Thaler gives an overview of his new book: "Nudge: Improving Decisions About Health, Wealth, and Happiness." He explains what nudges are and gives a few examples of how they can be useful.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Robert Topel, professor of economics from The University of Chicago Graduate School of Business, assesses the benefits of medical research from an economic perspective. Topel calculates the social value of increased longevity, observing that even modest reductions in mortality may indicate enormous social returns.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Roughly 25 million people in sub-Saharan Africa are infected with HIV, and the number is growing. Since 9095 percent of HIV infections in Africa result from heterosexual sex,understanding changes in heterosexual behavior in response to rising HIV rates is crucial to developing effective prevention strategies. In the new study 'HIV and Sexual Behavior Change: Why Not Africa?' Emily Oster, Becker Fellow for the Gary S. Becker Center on Chicago Price Theory at the University of Chicago Graduate School of Business and Assistant Professor of Economics, analyzes the apparent lack of behavioral response among Africans. Most prior estimates of behavioral response have focused on very limited and specialized populations.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Roughly 25 million people in sub-Saharan Africa are infected with HIV, and the number is growing. Since 9095 percent of HIV infections in Africa result from heterosexual sex,understanding changes in heterosexual behavior in response to rising HIV rates is crucial to developing effective prevention strategies. In the new study 'HIV and Sexual Behavior Change: Why Not Africa?' Emily Oster, Becker Fellow for the Gary S. Becker Center on Chicago Price Theory at the University of Chicago Graduate School of Business and Assistant Professor of Economics, analyzes the apparent lack of behavioral response among Africans. Most prior estimates of behavioral response have focused on very limited and specialized populations.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Robert Topel, professor of economics from The University of Chicago Graduate School of Business, assesses the benefits of medical research from an economic perspective. Topel calculates the social value of increased longevity, observing that even modest reductions in mortality may indicate enormous social returns.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Sanjay Dhar, of the University of Chicago Graduate School of Business, observes several striking geographic patterns in the performance of national brands. (c)2006 The University of Chicago

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Roughly 25 million people in sub-Saharan Africa are infected with HIV, and the number is growing. Since 9095 percent of HIV infections in Africa result from heterosexual sex,understanding changes in heterosexual behavior in response to rising HIV rates is crucial to developing effective prevention strategies. In the new study 'HIV and Sexual Behavior Change: Why Not Africa?' Emily Oster, Becker Fellow for the Gary S. Becker Center on Chicago Price Theory at the University of Chicago Graduate School of Business and Assistant Professor of Economics, analyzes the apparent lack of behavioral response among Africans. Most prior estimates of behavioral response have focused on very limited and specialized populations.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. University of Chicago Graduate School of Business Professor Richard Thaler gives an overview of his new book: "Nudge: Improving Decisions About Health, Wealth, and Happiness." He explains what nudges are and gives a few examples of how they can be useful.

On this episode of CEO EXCHANGE, taped at the University of Chicago Graduate School of Business, meet two resourceful CEOs who are revolutionizing the way we think about food and energy around the globe.

Richard Thaler of the U. of Chicago Graduate School of Business defends the idea of libertarian paternalism--how government might use the insights of behavioral economics to help citizens make better choices. Host Russ Roberts accepts the premise that individuals make imperfect choices but challenges Thaler on the likelihood that government, in practice, will improve matters. Along the way they discuss the design of Sweden's social security system, organ donations and whether professors at Cornell University are more or less like you and me.

Richard Thaler of the U. of Chicago Graduate School of Business defends the idea of libertarian paternalism--how government might use the insights of behavioral economics to help citizens make better choices. Host Russ Roberts accepts the premise that individuals make imperfect choices but challenges Thaler on the likelihood that government, in practice, will improve matters. Along the way they discuss the design of Sweden's social security system, organ donations and whether professors at Cornell University are more or less like you and me.

Richard Thaler of the U. of Chicago Graduate School of Business defends the idea of libertarian paternalism--how government might use the insights of behavioral economics to help citizens make better choices. Host Russ Roberts accepts the premise that individuals make imperfect choices but challenges Thaler on the likelihood that government, in practice, will improve matters. Along the way they discuss the design of Sweden's social security system, organ donations and whether professors at Cornell University are more or less like you and me.

Response to Anthony Lake by Marvin Zonis, Professor Emeritus, University of Chicago Graduate School of Business. From the World Beyond the Headlines Series.

Response to Anthony Lake by Marvin Zonis, Professor Emeritus, University of Chicago Graduate School of Business. From the World Beyond the Headlines Series.