Podcasts about Concentrated

In this episode of Fundamentals of Investing, Brian Dress and Noland Langford tackle one of the most common (and most overlooked) financial challenges facing corporate executives: what to do when your company stock becomes a dominant part of your net worth. They cover the full picture of equity exposure (RSUs, stock options, ESPP, deferred comp, and 401(k)), walk through the real math of concentration risk, and offer a practical framework for when and how to start diversifying, including how to think about the tax implications without letting them drive the decision. Topics covered: - Why high concentration is so common among executives (and why it often goes unexamined) - How to stress-test your position before the market does it for you - Long-term capital gains vs. ordinary income: what the rates actually mean for your decision - Dollar-cost averaging out: the simplest path to reducing concentration over time - The lifetime financial model: a framework for making the decision analytically, not emotionally Resources mentioned: [Watch the episode on YouTube here →] https://youtu.be/nT2NpdtIa1Q [Download the free Executive's Guide to Equity Compensation →] https://leftbrainwm.com/theexecutiveguide [Book a free 30-minute review with Brian →] https://tinyurl.com/Book30MinutesWithLeftBrain Full Disclosure No Client or potential client should assume that any information presented or made available on or through this video should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can only be rendered after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. Additional information about Left Brain is available in its current disclosure documents, Form ADV, Form ADV Part 2A Brochure, and Client Relationship Summary (Form CRS), which are available online via the SEC's Investment Adviser Public Disclosure (IAPD) database at www.adviserinfo.sec.gov/firm/summary/170348.  

This week, we get into 2009's Splice, a film about fucking your genetically-modified flipper baby. Adrien Brody is at his most emo, and his bitch wife ruins science because she has mommy issues. What a mess! A sexxxxxy mess! Let's go! Sneaky scientist's unsanctioned ‘speriment spawns sentient, slippery, and seductive succubus! Genetic lumps of gene-producing goo! Course-change characters! First-person birth canals! Fleshy wieners and slimy ding-dongs! The only two goo-producing wieners in town! Inseminated uterus bots! Jack doritos! Rogue elements in the junk jeans! Clive's gooey two-shoes! Shiny scorpion stabbers! Going back to the Dren den! Concentrated secretions! Paying pregnant people to pop out penis persons! Giving the flying fish woman his slippery digit, and much, much more on this week's episode of The Worst Movie Ever Made! www.theworstmovieevermade.com

In the season 6 finale of Financial Perspectives, Tanya Suba-Tang sits down with King Lip, CFA, CMT - Chief Strategist at BakerAvenue Wealth Management - to explore the complexities of concentrated stock positions and the growing challenges they present for investors, executives, and advisors alike.King explains how concentrated positions often develop through long-term success—particularly in technology and founder-led companies—and why the decision to diversify is rarely just financial. The conversation examines the tension between tax efficiency, liquidity needs, emotional attachment, and risk management, along with the behavioral biases that can keep investors overexposed for too long.Looking ahead, they discuss how the rise of AI-related wealth creation, private secondary markets, and continued concentration in mega-cap technology companies could reshape portfolio strategy in the years ahead. From tax planning strategies to broader market implications, the episode explores how advisors are helping clients navigate increasingly concentrated sources of wealth in a rapidly evolving investment landscape.

In this episode of Tank Talks, host Matt Cohen sits down with Jason Shuman, General Partner at Primary Ventures, New York's largest dedicated seed fund. With a journey that spans from raising money for a nonprofit at eight years old to driving Uber at night while sourcing deals like Latch, Jason's experience offers valuable insights for founders, especially those navigating the challenges of building companies in the AI era.Jason shares his entrepreneurial beginnings, the painful lessons from shutting down his DTC footwear brand Category5, and how that shaped his investing philosophy at Primary. He also discusses why software-only moats are dead, how Primary's 60-person impact team delivers customers (not just capital), and the firm's unique incubation model that backs founders only after the wedge is validated. From vertical AI to hardware-activated agent networks, Jason dives into the key principles he follows in his investing and why he still believes backing great founders beats incubating anything.Whether you're interested in AI, venture capital, or building deep-tech companies, Jason's story provides inspiration and practical wisdom.From Sick Kid to Serial Founder: Jason's Origin Story (01:53)* Growing up outside Boston with a family of entrepreneurs and a mother who was a therapist* Being diagnosed with primary immune deficiency as a child and becoming a spokesperson for the Jeffrey Modell Foundation at age eight* Why a life lived with urgency became the defining trait of his careerBuilding and Winding Down Category5 (05:33)* Launching a direct-to-consumer boat shoe brand while still in college - before Shopify was good and when Facebook ads were cheap* The hard realization that a brand without a visual cue has a ceiling, and why he saw the Allbirds story coming* Hitting his quarter-life crisis at 23, burning out, and what he learned from the processBreaking Into Venture: Sourcing Deals While Driving Uber (11:38)* How Jason made money driving Uber nights while sourcing deals during the day in 2014* Building a bridge between Boston founders and New York VCs - one warm intro at a time* The story of Latch: why a B2B mortise lock for apartment buildings, with near-perfect logo retention and CapEx billing, was the first deal he ever sourcedWorking with Mark Gerson and the Family Office Years (16:17)* Meeting Mark Gerson at a dinner, not knowing who he was, and getting a cold call months later* The lessons in trust, urgency, and delegation he learned running the family office* Backing AI sales enablement, AI accounting, and robotics in 2015 - and why being too early is almost always better than being too lateJoining Primary: The Case for Concentrated Seed (21:14)* Why Jason chose a principal role at a six-person, $190M AUM Primary over a partner title elsewhere* What he saw in founders Ben and Brad that others were missing - the depth of diligence, the buttoned-up fundraising, the point of view* How Primary has scaled from $190M to $1.6B AUM while staying obsessively focused on seedPrimary's Differentiated Model: Impact, Incubation, and the 60-Person Team (25:56)* The three things companies need most - customers, people, and capital - and how the Impact team is built around them* How a VC firm's email address can deliver a 25X higher outbound conversion rate than a startup's own SDRs* The “glass ball” monthly review process: triaging the highest-priority risks across the portfolio before anything breaksWhy Platform Is Broken - and What Primary Does Instead (31:36)* Why most VC platform teams are set up to fail: too few people, too many companies, treated as second-class* Primary's Impact team is run by former C-suite executives from multi-hundred-million-dollar ARR companies* The shift to AI-native operating inside the platform team - and what that means for portfolio companiesVertical AI, Hardware Agents, and Why Software Moats Are Dead (42:09)* Why Jason is spending more time on physical-world businesses than pure software right now* The wedge vs. system of record debate: why jaw-dropping UX and fast customer acquisition beat “10X better” enterprise replacements every time* Hardware-activated agent networks: how cheap cameras, sensors, and downstream automation are eating vertical workflows - and why Flock Safety is the modelWhat Jason Looks for in Founders Today (50:07)* The qualities that define the founders Jason is most excited to back: urgency, learning velocity, customer obsession, and the ability to sell product and equity* Why he would always rather back a great founder than incubate a company himself* Where incubation and inbound sourcing sit in his priorities heading into the new fundAbout Jason ShumanJason Shuman is a General Partner at Primary Ventures, New York's largest dedicated seed fund with over $1.6 billion in AUM. A former founder himself, Jason built Category5, a direct-to-consumer footwear brand, before transitioning to venture capital. At Primary, he leads investments in vertical AI, hardware-enabled systems, and incubation, and has been part of building one of the most differentiated seed platforms in the industry. His portfolio includes companies like Latch, Dandy, and several active incubations. He is known for his operator-first investment approach, his conviction in hardware-activated agent networks, and his belief that software-only moats are no longer enough.Connect with Jason Shuman on LinkedIn: linkedin.com/in/jasonshumanVisit Primary Ventures website: https://www.primary.vc/Connect with Matt Cohen on LinkedIn: https://ca.linkedin.com/in/matt-cohen1Visit the Ripple Ventures website: https://www.rippleventures.com/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com

Stay in the game. Conviction can help traders manage concentrated positions, but requires one key characteristic to survive high-stakes plays. Charles Harris, portfolio manager at O'Neil Global Advisors discusses how to protect yourself, manage drawdowns and live to fight for another trading day. Learn more about your ad choices. Visit megaphone.fm/adchoices

#12 Signification Of Revelation (Pure Concentrated Light)

Catch up on the key moments and presentations from FOCUS. Recorded on May 5, 2026. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fifth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2025 Environics' Advisor Digital Experience Study. -- Investir à contre-courant et trouver des occasions dans un marché concentré  Découvrez les moments forts et les présentations de FOCUS. Date : 5 mai 2026 Chez Fidelity, notre mission consiste à aider le public investisseur canadien à se bâtir un meilleur avenir et à rester à l'avant-garde. Nous offrons aux particuliers et aux institutions une gamme de portefeuilles de placement innovants et fiables pour les aider à atteindre leurs objectifs financiers et personnels. Les fonds communs de placement et les FNB de Fidelity sont offerts par l'intermédiaire des conseillers et conseillères en placements et de comptes de courtage en ligne. Pour de plus amples renseignements, visitez fidelity.ca/commentinvestir. Les baladodiffusions DialoguesFidelity se sont classées au premier rang pour une cinquième année consécutive lors du sondage 2025 d'Environics sur l'expérience numérique des conseillers et conseillères en placements au Canada.

Holding a significant portion of your wealth in one or a handful of individual stocks can be both exhilarating and nerve-wracking. While the rewards of watching a single company's meteoric rise can be life-changing, the risks of a lack of diversification are just as great. The problem is that liquidating these positions often means getting hit with daunting tax bills. We walk through practical solutions and the new tools now available to investors seeking diversification without immediate tax consequences.  The Real Risk of Concentration It's tempting to simply hang onto a winning stock, postponing taxes until you're in a lower bracket or retired. But over 90% of stocks underperform the market long term. Individual company fortunes can change abruptly—think Enron, Lehman Brothers, or stock collapses from $50 to $0.50. Banking your whole plan on one company's continued success is a risk that can jeopardize even the soundest of financial plans. Taking calculated steps to shift your assets, even if taxes are due eventually, is often essential for long-term stability. Modern Options for Tackling Concentrated Stock Technology and innovation in the investment industry are opening doors once reserved for the ultra-wealthy. Here are four tax-deferral solutions we discuss: 1. Exchange Funds Exchange funds allow investors to pool their highly appreciated stocks with others, resulting in a diversified basket—often 20–30 stocks. You maintain your original cost basis, and after a 7-year lock-up period, you can access a more diversified portfolio. There are usually high entry minimums ($250,000–$500,000) and the investor must be an accredited. It requires a long holding period and comes with added complexity, costs, and delayed K-1 tax forms. At the end, you still owe taxes if you sell, but you've reduced single-stock risk. 2. Section 351 Funds If you hold several different stocks or even ETFs that no longer fit your strategy, Section 351 exchanges allow you to transfer them into a new, broadly diversified fund with tax deferral. This is similar in spirit to a 1031 real estate exchange but designed for securities. This option gives you flexibility, but it only works with publicly traded investments in taxable (not retirement) accounts 3. Separately Managed Accounts (SMAs) SMAs have become popular for allowing greater customization. In an SMA, instead of owning an index fund, you hold the constituent stocks directly—allowing for tax loss harvesting and the exclusion of specific stocks. This offers personalized values-based investing but creates more complex tax reporting and can create complications for you and your CPA. 4. Tax Aware Long/Short Strategies Recently popular but highly complex, these leverage SMAs and add a long/short overlay, aiming to maximize loss harvesting regardless of overall market conditions. This uses leverage and shorting, increasing risk and management costs. It gives greater potential for tax loss harvesting, but introduces tracking error and liquidity constraints. This is best for specific, high-need scenarios.    Keep Your Broader Plan in Mind Always return to your broader financial plan. Look at that accumulated stock position in the context of your overall financial plan and everything else that's happening in your goals and life. These tactics are tools, not silver bullets. Sometimes, the simplest (if less glamorous) move—selling, paying taxes, and reinvesting—might be your best decision. Concentrated stock positions can be both an opportunity and a source of anxiety. Before chasing the latest "shiny object," evaluate your situation with the help of an advisor. Find the approach that aligns with your risk, liquidity needs, and long-term goals. Sometimes, boring really is better—for both your taxes and your sleep. Outline of This Episode 00:00 Discussing tax deferral options 03:42 Risks of relying on stocks 09:14 Evaluating stock donation options 12:49 Explaining Section 351 funds 14:29 Using ETFs for tax deferral 18:24 Considering life changes for tax planning 21:57 Evaluating investment advice sources   Resources & People Mentioned The Retirement Podcast Network   Connect With Chad and Mike https://www.financialsymmetry.com/podcast-archive/  Connect on Twitter @csmithraleigh @TeamFSINC Follow Financial Symmetry on Facebook   Subscribe To This Podcast   Apple Podcasts Stitcher Google Play  

Navigating the world of finance can be overwhelming, especially when biased advice and outdated strategies cloud the path to financial success. That's why Price Financial Group Wealth Management created Investing Simplified — a podcast dedicated to demystifying the complexities of finance and investing. Join our experienced hosts and guest experts as they break down financial concepts into practical, actionable insights. Whether you're a seasoned investor or just getting started, Investing Simplified is your go-to resource for honest advice and proven strategies to help you build a confident financial future. Meet the Hosts: Matt Mai - CIO & Wealth Manager Matt Sudol - COO & Wealth Manager Bo Caldwell - CCO & Wealth Manager Tune in and take charge of your financial journey with clarity and confidence! Schedule A Complimentary Consultation

Send us Fan MailTrump's Iran war is not just a foreign-policy crisis. It is a constitutional warning.The Constitution gives Congress the power to declare war and names the president commander-in-chief. Those are not the same thing. A commander directs a war. A republic decides whether to enter one.But once again, the president acted first, Congress reacted late, and the American people are left with the danger, the precedent, and the bill.In today's opening argument, Tony Michaels breaks down how concentrated power works in real time: the White House creates the crisis, Congress debates after the fact, dissent gets framed as weakness, and working people pay the price at the pump, the grocery store, and through the rising costs of war.This is bigger than Trump. This is bigger than Iran. This is about whether America still has a republic that decides before war, or an empire that debates after the bombs fall.Read more at The Coffman Chronicle and get the full show for paid subscribers.Rumble: https://rumble.com/v79uo7a-trumps-iran-war-exposes-the-real-constitutional-crisis-tmp-1049.htmlThe Coffman Chronicle: https://www.thecoffmanchronicle.com/Pocket Constitution: https://thecoffmanchronicle.kit.com/pocket-constitutionYou're listening to today's Opening Argument from The Tony Michaels Podcast. The full show is free on Rumble, with clips, receipts, and the full breakdown. For the ad-free version and deeper breakdowns, subscribe to The Coffman Chronicle at TheCoffmanChronicle.com. Support the show

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Kevin Green kicks off Morning Trade Live with his eyes on the Mag 7 group. Pointing to a more "concentrated market" today versus Wednesday, KG says to watch the megacap group as well as a sticky VIX. Later, he assesses the latest jobs market data before turning attention to performance trends in the metals market, specifically silver. KG says silver should be on the radar as it nears $84. He indicates it could be the first test in a potential rally towards $100 as part of a global growth performance narrative helping lift the industrial metal.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Have you got a burning career question that you're dying to get answered?Whether you want to know how to communicate your priorities and ACTUALLY honour your values at work, stay career driven while balancing the juggle of a young family -- or identify the skills to futureproof your career, today's episode is for you. 11,600 km. 13 hours. 3 flights and 3 time zones. That's the cross-country work trip I recently completed across the top end of Australia -- and back. All within one week. THIS is the reality of living in the most isolated city in the world.I jokingly called it my ‘quasi-royal' tour. Because that's what the local media nicknamed Harry and Megan's express 4 day tour of Australia the same week!Concentrated work periods like this can be all consuming. There's the focused preparation in the lead-up, followed by client delivery. Then I always allow some down-time on the other side and space to reflect on what worked -- and what I'll do differently in future.And what emerges during these pauses are new insights: The patterns I'm noticing, common career challenges leaders are facing -- AND the key questions people are asking right now.I've wanted to do an ask me anything (AMA) episode for a while and this felt like the perfect time. In this episode, I'm answering the questions which came up most often in my recent key-notes and workshops.You'll learn:The ONE shift you must make to communicate your priorities in a way that's strategic (not aspirational) and live your values through your work, so you create a fulfilling, sustainable career4 steps to support high-performing team members when progression opportunities are limited, so you retain your best people and futureproof your teamHow to keep making progress towards your long-term goals when you're ambitious -- but in a busy personal seasonMy honest answer about how often you need to be upskilling in your current career, so you stay relevant instead of getting left behind3 practical ways to identify the skills you need to develop for the future -- when you've got no idea WHERE to start!So hit play NOW -- and let's dive in!Thanks for listening. If you enjoyed this episode, please subscribe and leave a 5 star rating and review. It helps more people find the podcast and benefit too!LINKS:→ Listen to Episode #26: Is Work-Life Balance A Myth? How To Be Ambitious Without Burnout next→ If you're ready to find clarity, build confidence and create a personalised strategy to reduce risk with your next career move, I invite you to explore Ignite Your Career. Apply for your free 30 minute consult to get started.→ At a crossroads in your career? Take the FREE Career Success Code Assessment.→ Learn more about my services for individuals and organisations at staceyback.com or connect with me on LinkedIn or Instagram. 

Everyone says “just buy the index”... but what if that strategy is riskier than it looks? In this episode, Josh breaks down how a handful of mega-cap stocks are driving the market and why that could leave investors more exposed than they realize. Learn what true diversification looks like today, and how to avoid hidden risks in your portfolio! Can't get enough of The Financial Quarterback? Click ‘Subscribe' so you never miss a play. If you're enjoying the show, leave a 5-star rating and drop a review—it helps keep the game going!

Bruce Anderson, CEO of 247 Solar, details his company's concentrated solar technology that delivers round-the-clock clean electricity without combustion or emissions. The system uses heliostats to heat air to 1,800°F, stores that thermal energy in ceramic pellets, and converts it to electricity via a modified turbine. Paired with solar PV during daylight hours, the solution addresses intermittency at a commercial scale, with the first deployment underway in India.   Topics Covered 247 Solar www.247solar.com 24 Hours Solar Energy 1,800°F / 1000°C Air Solar Thermal Air Pressure Compressed Air ESS = Energy Storage System Natural Gas Fossil Fuel Molten Sault   Reach out to Bruce Anderson here: LinkedIn: www.linkedin.com/in/bruceanderson Website: www.247solar.com   Learn more at www.solarSEAN.com and be sure to get NABCEP certified by taking Sean's classes at www.heatspring.com/sean solarsean.com/esipexam

Join The People's Server on discord here: https://discord.gg/wwG6KJF64p This episode features a deep dive into Marvel Champions, focusing on Nick Fury, hero strategies, scenario preferences, and the art of flavor text. The hosts discuss their favorite heroes, deck-building tips, and community insights, offering valuable tips for players of all levels. In this episode, we explore Nick Fury's card art, mechanics, and thematic design, along with deck strategies and gameplay insights. Perfect for Marvel Champions fans looking to deepen their understanding of Nick Fury's kit and optimal playstyles. LACK OF SUBLETY'S deck: https://marvelcdb.com/decklist/view/61759/going-with-the-flow-winning-hand-ep-96-1.0 Boomguy's deck: https://marvelcdb.com/decklist/view/56937/old-saint-nick-1.0 Chapters 00:00 Introduction to the Winning Hand Podcast 02:59 Getting to Know Lack of Subtlety 06:07 Favorite Heroes and Scenarios 09:09 Exploring Leadership in Marvel Champions 11:59 Player Count Preferences 14:48 Listener Email: Flavor Text in Marvel Champions 20:51 Recent Gameplay Experiences 26:45 Powerful Card Mechanics 30:18 Deck Building Strategies 33:30 Character Preferences and Gameplay Experiences 33:36 Con of Heroes Preparation 39:04 Card of the Day: Concentrated Fire 52:22 Navigating Nick Fury's Stealth Mechanics 54:38 Understanding Attack and Scheme Interactions 57:33 The Fun Factor of Concentrated Fire 59:37 Final Ratings and Overall Impressions of Nick Fury 01:04:44 Deck Strategies and Recommendations 01:24:07 Outro

Supporting Mental Health with Detoxification, Nutrition and Chiropractic Care How chiropractic care, nutrition support, strategic supplementation and testing can mitigate the affects of toxins on brain, spine, and nervous system health HOST: Dr. Sarah Clarke, DC, IFMCP GUEST: Dr. Sarah Kotlerman, BS, DC, NTP Drs. Sarah Clarke, DC, IFMCP and Sarah Kotlerman, BS, DC, NTP discuss how toxic burden can affect every aspect of health, especially the brain and nervous system. They discuss the most prevalent mental health conditions and clinical strategies to find balance naturally. Dr. Kotlerman shares case studies and clinical experiences that highlight how whole food nutrition, strategic supplementation, testing and chiropractic care can help patients detox to aide in recovery from conditions such as depression, anxiety, ADHD, migraines, and seizures, as well as fertility issues, childhood diseases, and other chronic illnesses. Through her work at Averio Health Institute, Dr. Kotlerman has specialized in the non-surgical regeneration of spinal ligament instability, advanced toxicity removal through chiropractic care and overall improvement of spinal alignment and motion.  Dr. Kotlerman has published fifteen international case studies on the regenerative outcomes and results of concentrated chiropractic care using Averio Health Institute methods, as well as authored multiple books, co-starred in a documentary: Health For Our Future, spoken on multiple radio shows, podcasts, national TV interviews and regularly teaches and speaks at various conferences annually.    SHOW NOTES 2:24 Concentrated chiropractic care paired with nutrition support, testing and education 7:45 Inspiration for bringing back the concept of the chiropractic hospital 10:24 Detoxification and chiropractic care paired with strategic supplementation 15:11 The affect of toxins on fertility and childhood diseases – the risk of BPAs, polyester and other plastics 19:29 The affects of toxins on the nervous system 25:18 Toxic burden and the connection to ADHD, Depression and other mental health conditions – using chiropractic care, detoxification and supplementation to address mental health 32:35 Causes of damaged cervical spine - connected to stress and toxins as well as physical injury 33:56 Alignment Issues: reduced circumference of arteries in neck create higher risk for Dementia and Alzheimer's (loss of normal blood flow to the brain) 37:01 The Three T's – Trauma, Thoughts and Toxins 37:33 The connection between toxicity and seizures and migraines 40:56 Nutrition and whole food supplementation to aid in detoxification 44:25 Root causes and protocols for anxiety   Dr. Kotlerman is a speaker at Cultivate Boston April 30-May 2. Register for an in-person or virtual experience.  

Rajan Bansi speaks with Cory Martin, CEO and Portfolio Manager at Barrow Hanley Global Investors, to unpack why value looks compelling through a global lens. They explore how concentrated markets and wider valuation gaps have changed the conversation, why non-US markets often offer active managers more room to deliver returns and what sets Barrow Hanley's traditional value approach apart.  This episode was recorded on April 16, 2026. 

First report on Bordeaux 2025 from Jane Anson and Sarah Kemp. In their first En Primeur podcast they describe the vintage, which despite on paper looking like 2022, is in fact quite different in character. 2025 has the lowest yields since 1991, and neither Sarah or Jane can remember a vintage quite like it. Concentrated fruit and low ph are two of its characteristics. They believe you can't make generalisations about appellations; this really is château by château. Listen in to hear their first thoughts on Bordeaux 2025.Find out more at wine-conversation.com

In this episode, Scott Becker shares a quick overview of Berkshire Hathaway's investment strategy highlights its heavy concentration in top holdings like Apple, American Express, Coca-Cola, Bank of America, and Chevron.

How do you manage a concentrated stock position without getting crushed by taxes? In this episode of Money Matters, Scott is joined by Allworth advisor Mark Shone, who steps in while Pat is away to break down smart, tax-efficient strategies for handling highly appreciated stock positions. They use a real-life case of a recent retiree with nearly $2 million in Apple stock to explore how to reduce risk, diversify, and balance income and legacy goals. Plus, they touch on private credit and real estate trends shaping today's investment landscape. What You'll Learn: -How to reduce risk in a concentrated stock position- -Strategies to diversify without triggering large capital gains -Tax-efficient ways to manage highly appreciated stock -How to balance income needs with long-term legacy goals   Join Money Matters:  Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

In this episode, Scott Becker shares a quick overview of Berkshire Hathaway's investment strategy highlights its heavy concentration in top holdings like Apple, American Express, Coca-Cola, Bank of America, and Chevron.

A study suggests that a rise in colorectal cancer deaths may be tied to one's education.

Concentrated positions tend to build when something goes very right, but over time, they can quietly introduce significant exposure. In this week's “Henssler Money Talks,” the hosts discuss why investors hesitate to unwind them, the risks beneath the surface, and center on a smarter, tax-aware way to unwind concentrated positions using direct indexing.Original Air Date: April 11, 2026 Read the Article: https://www.henssler.com/built-on-one-stock-direct-indexing-offers-a-way-forward 

Artificial intelligence is quickly becoming the headline explanation for layoffs—but the story underneath is more nuanced. We'll unpack the rise of “AI washing,” where companies point to future efficiency gains to justify workforce cuts that are often more about correcting pandemic-era overhiring and tightening costs. Along the way, we'll explore why only a small portion of layoffs are truly driven by current AI replacement—and why invoking AI can send a powerful signal to investors, even when the fundamentals haven't changed.Then, we turn to a different kind of risk—one that often comes from success. Concentrated positions tend to build when something goes very right, but over time, they can quietly introduce significant exposure. We'll break down why investors hesitate to unwind them, the real risks hiding beneath the surface, and practical ways to diversify without making all-or-nothing decisions.Because whether it's headlines around AI or a portfolio shaped by big winners, the key is understanding what's really driving the story—and making decisions that help preserve what you've built.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — April 11, 2026  |  Season 40, Episode 15Timestamps and Chapters7:17: AI Washing Wall Street 25:16: Your Biggest Winner… Your Biggest RiskFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.See important disclosures at Henssler.com

Most investors see stock buybacks as a simple bullish signal. Companies are confident. Prices go up. Everyone wins. That belief is incomplete. In this episode, we unpack what buybacks actually represent beneath the surface—and why they may matter far more than most investors realize. Yes, buybacks can support share prices. But more importantly, they reduce the number of ownership opportunities available in the market. Fewer shares. Concentrated ownership. Less access. This isn't just about individual stocks. It's about a structural shift. As companies generate more cash and rely less on external capital, they are actively reclaiming ownership from the public. At the same time, technological efficiency—especially AI—is reducing the need for labor while increasing the value of ownership. The result? A widening gap between those who own productive assets and those who rely on earned income. This episode explores why many investors are optimizing for the wrong thing, how buybacks signal a deeper transition in the economy, and what it means to "participate" in business at the lowest—and most powerful—level. Because the real question isn't whether buybacks are bullish. It's whether you're on the side selling ownership—or accumulating it. Want to Learn More? – Explore free education and tools at cashflowbonus.com to strengthen your investing foundation – Keep building your financial education at yourinvestingclass.com.

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Host Polly Swingle is joined by team members of the Concentrated Stroke Rehab Program (CSR) to talk about the evolution and effectiveness of the program over the last few years.Elise Thompson, MSOT, OTRL, is an occupational therapist that graduated from Grand Valley State University with a Master's of Occupational Therapy. Soon after graduating, Elise started with TRP and has been here for a year and a half. She has taken part in both the PMP and CSR program in the Livonia clinic. She is passionate about helping individuals with neurological conditions return to what they love doing most.Dr. Kayla Diebold, PT, DPT, CSRS is a Lead Physical Therapist and the Site Coordinator of Clinical Education at The Recovery Project.  She has specialized in the treatment of neurological diseases and disorders since 2017 with special interest in Parkinson's Disease, Stroke, and Vestibular disorders.  She is a Certified Stroke Rehab Specialist and heads the medical programming group for stroke at The Recovery Project. Kayla also has certifications in PWR! and Rock Steady Boxing for the management of Parkinson's Disease. She is a guest lecturer in the Physical Therapist Assistant program at Macomb Community College and frequently presents on topics involving physical therapy management of neurological diseases and disorders across the continuum of care.Learn more about The Recovery Project!View our website at www.therecoveryproject.netCall us 855-877-1944 to become a patientFollow us on InstagramLike us on FacebookThanks for listening! 

Find me on Substack!Arie van Gemeren is a CFA, Goldman Sachs veteran, and CEO of Lombard Equities Group who translates 2,000 years of wealth-building history into actionable modern real estate and investment strategy.Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/3:00 – Ari's family origin story: grandmother fled Nazi Berlin to South America, father grew up fatherless in Bolivia, came to the U.S. at 18 speaking no English, put himself through medical school. History was alive in the household.5:15 – The contrarian leap from Wall Street to real estate. Started at Fisher Investments, moved to Goldman Sachs, but it was his Persian father-in-law who kept asking: "Why would I do that when I could buy a good property?"7:30 – The live-in flip that changed everything. Bought a Bay Area bungalow for $515K, invested $60K in renovations, saw equity jump to $850–900K. "I was hooked."9:18 – At Goldman, wealthiest clients — especially Middle Eastern tech entrepreneurs — were pouring profits into real estate, not stocks. Pattern recognition clicked.11:59 – Real estate vs. stocks: "They're both tremendous wealth-building asset classes." Ari argues for a portfolio approach — stocks as majority for passive investors, real estate as complement. Introduces the scarcity insight: the stock market is the only market where inventory shrinks over time via buybacks.19:51 – Timeless principles and behavioral finance. Nothing new under the sun — 8,000 years of recorded history isn't enough for human nature to evolve. Patience, discipline, avoiding excessive leverage are the throughlines of lasting fortunes.21:43 – Hitler's invasion of the Soviet Union as an investing parable: certainty vs. conviction. "If you are so convinced of your thesis that you cannot hear contrary advice… guys confuse having a strong thesis with it being the absolute truth."33:27 – Concentrated wealth creation. 67% of the world's billionaires are self-made first-generation who built companies — a form of concentration investing.40:17 – Generational wealth traps. The "first generation builds, second maintains, third loses" proverb exists in Italian, Japanese, Mandarin, Russian, Spanish. Contrasts Vanderbilt collapse with Walton and Grosvenor family structures.47:12 – The Hanseatic League: 500+ years of patient, boring warehouse ownership that generated extraordinary wealth and even conquered Copenhagen.57:33 – Success redefined: "What we're really looking for is freedom and independence."Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

The Turkish government is warning the United States and Israel against involving Iran's Kurdish minority in the war against the Iranian regime. Home to millions of Kurds, Turkey fears any such move could destabilise its ongoing peace process with Kurdish militants calling for an autonomous state. Concentrated in north-western Iran along the borders with Turkey and Iraq, Kurds are estimated to make up 8 to 17 percent of Iran's population.  As the war in the Middle East continues, several international news agencies reported talks between US officials and armed Iranian Kurdish groups. Seeking to assuage Turkish concerns, President Donald Trump last weekend ruled out such a move. Turkish Foreign Minister Hakan Fidan welcomed Washington's assurances, but warned the threat remained. "Israel's intentions on this matter are no secret," he told reporters. "Israel has for years used Kurdish groups in the region as a proxy." Home to a large Kurdish minority, Turkey has fought a bitter war for decades against the Kurdistan Workers' Party (PKK), which is designated by Washington and the European Union as a terrorist organisation. Last year the PKK ended its armed struggle and committed to disbanding in a peace agreement with Turkey, but its affiliates in Syria and Iran are not part of this process – a distinction that keeps Ankara wary. "The Syrian branch of the PKK gave Turkey a hard time. Just as an autonomous zone within Syria was unacceptable, a PKK affiliate running the Iranian Kurdistan would be unacceptable – that's basically the state's position," explains Turkish international relations expert Soli Ozel. "They don't want a Kurdish independent state or an autonomous state anywhere in the region, because they think that it would contaminate [other Kurdish populations]." Turkey looks for regional help in its battle against Kurdish rebels in Iraq 'Dangerous gambit' For a decade, Turkey's military fought the Kurdish-led Syrian Democratic Forces (SDF), which Ankara accuses of ties to the PKK. Earlier this year, the new Damascus regime, backed by Ankara, retook most of the SDF's territory.  "Israel has a very long history with the PKK. They definitely have relations with SDF," claims Serhan Afacan, head of the Centre for Iranian Studies, a think tank based in Turkey. "So Israel can always go and try to support these Kurdish groups in Iran." Israeli Prime Minister Benjamin Netanyahu, in an address to Iran last Sunday, called on Iranians to rise up against the regime. "It is becoming clear that regime change is not an attainable goal just through bombing," says Asli Aydintasbas, a political commentator and Turkey specialist at the Washington-based Brookings Institution. "So I think Israelis are exploring other options, including ethnic competition domestically, working with ethnic groups, including Kurds." However, Aydintasbas warns that any attempt by Iranian Kurds to carve out an autonomous region would not only be met by strong resistance from Ankara, but also from Tehran. "The Iranian regime, though it's been unable to resist US operations and military strikes, still retains a significant amount of military power, at least enough to suppress its own people," she says. "This is a very dangerous gambit for all involved, including the Kurds." 'War with no winners': Middle East crisis enters a dangerous new phase Tensions with Israel Israel's support for Kurdish groups tied to the PKK has exacerbated Israeli-Turkish tensions, already running high amid Israel's war in Gaza and competition for regional influence. Analyst Ozel believes any Israeli support for Iranian Kurdish groups would fit with its long-term strategy for Iran and the wider region. "The Israelis would rather have a chaotic Iran than an Iran that has actually managed better, because no matter who runs Iran, I don't think they can play Israel's music," he argues. "But the real threat, as far as Israel is concerned, is to have a rival that has the weight to play the strategic game... which I think is one of the reasons why plenty of Israelis in positions of authority constantly attack Turkey these days, saying Turkey is the new Iran." Israel claims its attacks on Iran aim only to protect its security. However, Israeli support for Iranian Kurds would bring it into conflict with Ankara, a close Washington ally. For Trump, balancing Israeli and Turkish interests could be a major challenge in his campaign in Iran.

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Soldier of Fortune: Warren Buffett, Sun Tzu and the Ancient Art of Risk-Taking⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Kindle⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)We are live every Tuesday at 1.30pm E / 10.30am P.See our latest episodes at https://acquirersmultiple.com/podcastAbout Jake Jake's Twitter: https://twitter.com/farnamjake1Jake's book: The Rebel Allocator https://amzn.to/2sgip3lABOUT THE PODCASTHi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.SEE LATEST EPISODEShttps://acquirersmultiple.com/podcast/SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/FOLLOW TOBIASWebsite: https://acquirersmultiple.com/Firm: https://acquirersfunds.com/ Twitter: ttps://twitter.com/GreenbackdLinkedIn: https://www.linkedin.com/in/tobycarlisleFacebook: https://www.facebook.com/tobiascarlisleInstagram: https://www.instagram.com/tobias_carlisleABOUT TOBIAS CARLISLETobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

A strong market can create a new problem. A single stock or ETF grows to represent a large portion of your net worth. Now you face a difficult tradeoff: diversify and trigger a large tax bill, or hold the position and accept concentrated risk. In this episode, Tyler Emrick, CFP®, CFA®, walks through practical strategies for managing concentrated stock positions in a tax-efficient way. You will learn: How a Section 351 exchange into an ETF can provide diversification while deferring capital gains How tax-aware long-short strategies can help create ongoing tax offsets while gradually reducing a concentrated position When Net Unrealized Appreciation may apply to company stock inside a 401k How donor-advised funds and charitable planning can reduce capital gains on appreciated shares Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth   Our website:  https://www.truewealthdesign.com/  Phone: 855.TWD.PLAN Contact our team: https://www.truewealthdesign.com/contact-a-financial-advisor/  Check out our other no-cost financial resources here: https://www.truewealthdesign.com/financial-resources/  Watch the show now on YouTube: https://www.youtube.com/channel/UCjENBHOti-IEJFqeydZm_Fg?sub_confirmation=1

Ari Sass believes there's plenty of opportunities to find even in times of elevated volatility. One of those opportunities lies in the AI trade, as Ari explains the transition he sees from infrastructure buildout to implantation. He later talks about how he's applying his thoughts through his firm's Concentrated Value ETF (SASS). ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Baruch Toledano breaks down SimilarWeb's Generative AI Brand Visibility Report. “We measure real user prompts and responses,” and by understanding trending topics and which brands show up in LLM answers, they find that visibility is “highly concentrated.” Less well-known brands that are mentioned structure their content “correctly” for the AI to read, and are highly knowledgeable about specific niches. Baruch explains how metrics are moving from ranking to mentions.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this episode, I'm joined again by Brent Sullivan to break down a strategy most investors have never heard of, but that can be incredibly powerful for the right situation: 351 exchangesIf you've built significant wealth in a single stock, you've probably faced the same dilemma many high-net-worth investors deal with:Sell and diversify, but trigger a massive tax bill… or hold the position and take on concentration riskWe walk through how 351 exchanges work, why they've started gaining momentum in the ETF world, and when they might make sense as a tax-deferral strategy for concentrated stock positions.-------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

The S&P 500's top 10 companies now represent over 40% of the index — the highest market concentration in modern history. What does that mean for investors?In this episode of Gimme Some Truth, we break down market concentration risk, the CAPE ratio (Shiller P/E), and how today's valuations compare to the dot-com bubble. With U.S. large-cap stocks trading at historically elevated levels, we explore whether international diversification, emerging markets, and value-oriented strategies may offer better risk-adjusted opportunities.If you're concerned about overexposure to the Magnificent Seven, high valuations, or portfolio risk heading into 2026, this discussion will help you think strategically about global asset allocation and long-term investing.

Chuck Collins is the Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits Inequality.org. His newest book is “Burned By Billionaires: How Concentrated Wealth and Power Ae Ruining Our Lives and Planet” Inequality is a major problem . Humans daily lives are being disrupted by people with immense power in the areas of health, wellbeing, environment, housing costs, and democracy    The Second Gilded Age and Robber Barons perpetuate the myth of the Trickle-Down Theory.  The middle Class is shrinking, and Project 2025 wants to gut labor unions, eliminate child labor laws, and decimate workplace safety.   Big money robs Americans of their vote and voice. The UN can play a critical role in convening its members to develop standards to limit corruption, money laundering, and offshore banking, along with the G-20 countries moving forward more rapidly with their Global Wealth Tax.

In this week's Live from the Vault, Andrew Maguire examines how last Friday's price drop in gold and silver showed the market had reached a turning point, with physical holders staying firm while derivative trading caused most of the decline.The London wholesaler explains how Chinese regulators and strong buying at the Shanghai Gold Exchange are stabilising markets, prompting momentum shorts to cover and laying the groundwork for a structurally supported rally in both metals.Send your questions to Andy here: https://www.speakpipe.com/LFTVTimestamps: 00:00 Start01:46 Derivative silver sell-off exhaustion and Friday reversal05:54 Concentrated silver short exposed; regulatory investigations begin10:10 Short concentration, Comex stress and delivery risk14:50 Silver monetisation strategy and the golden yuan corridor21:42 Technical inflection: 50-day defence and backwardation spike24:38 Central bank gold accumulation and tokenised bullion growth31:55 Bullion bank positioning, OCC exposure and price projections37:13 Lunar New Year positioning and short-term outlookSign up for Kinesis on desktop:https://kinesis.money/kinesis-precious-metals/?utm_source=youtube&utm_medium=video&utm_campaign=lftv_259Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoneyThe opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Matthew Bartolini from State Street Investment Management to discuss: stock market concentration, the S&P 493 vs. the Mag 7, dividends vs. share buybacks and more.   Find complete show notes on our blogs... Ben Carlson's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠animalspirits@thecompoundnews.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation.   Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://idontshop.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.   State Street Disclosure:  Important Risk Information Investing involves risk including the risk of loss of principal.   ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. The views expressed in this material are the views of Matt Bartolini through the period ended January 21, 2026 and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Before investing, consider the funds' investment objectives, risks, charges, and expenses. To obtain a prospectus, which contains this and other information, call 1.866.787.2257 or visit www.ssga.com. Read it carefully. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent). 8728208.1.1.AM.RTL SPD004423 Expiration: 1/31/27 Learn more about your ad choices. Visit megaphone.fm/adchoices

 What if everything you've been taught about money is backwards? What if instead of you chasing money, figuring out money, strategizing about money, trying to crack the code of money from the outside. You simply asked money itself? What if money could speak? What if it had preferences? What if it knew exactly why it flows toward some people and away from others, and was willing to share that information directly with anyone who actually listened? This might sound strange at first. Money as conscious. Money as aware. Money as something that can communicate. Because every ancient culture understood that everything carries consciousness. Everything. The rivers, the stones, the wind, the fire—and yes, the mediums of exchange that humans created to represent value and energy. Money isn't just paper and metal and numbers on a screen. Money is crystallized human attention. Concentrated life force. Stored intention that billions of people have poured their energy into for thousands of years. Anything that receives that much human consciousness... becomes conscious itself. And today, we're going to open a channel. We're going to let money speak. We're going to receive a download directly from the source.  

Most workouts fail not because people are lazy, but because effort is misused. Amy Hudson and Dr. James Fisher continue the series on the principles of exercise design. In this episode, they cover concentrated cardio and why short, high-effort intervals create bigger physiological changes than long, steady workouts. Tune in to hear how brief bursts of intensity improve cardiovascular fitness, raise metabolic rate, enhance insulin sensitivity, increase muscle blood flow, and make everyday tasks feel easier, all while taking far less time than traditional cardio. Amy and Dr. Fisher discuss concentrated cardio and why it matters. You will learn exactly what concentrated cardio is, what it looks like in real training, and why it pairs so well with strength work. Dr. Fisher reveals the defining feature that separates concentrated cardio from other workouts. These are brief intervals above seventy five percent of maximal power or very close to all-out effort. The recovery periods are just as important because they allow you to hit that high level again. Why steady state cardio feels different from concentrated cardio. One approach keeps the same effort the whole time, while the other alternates between hard sprints and slowing down.  Dr. Fisher covers why the benefits of concentrated cardio go far beyond just getting tired. Your VO2 max improves, your resting metabolic rate increases, and insulin sensitivity gets better. This means better oxygen use, more calories burned at rest, and real support for metabolic health. Amy shares why working with a personal trainer can change how you approach concentrated cardio. A good personal trainer helps you find the right intensity without guessing or overdoing it. That guidance builds confidence, keeps you safe, and makes every hard effort count. Learn how everyday life starts to feel easier when you train this way. Tasks like running up a short flight of stairs stop feeling overwhelming. You raise the ceiling of what your body believes is hard work by briefly pushing into discomfort on purpose. Dr. Fisher reveals how concentrated cardio disrupts homeostasis. A single thirty-second sprint can cut intramuscular ATP levels by about half. That level of energy depletion simply does not happen with other forms of exercise. Dr. Fisher reveals a surprising effect on blood flow after concentrated cardio. Blood flow to muscles can be up to one hundred times higher than at rest or after traditional exercise. This sets the stage for faster recovery and bigger physiological change. Learn why more blood flow to muscle tissue is important. It helps clear metabolic byproducts while delivering antioxidants and nutrients that drive adaptation. Over time, this improves capillarization and makes oxygen transfer into muscles more efficient. Dr. Fisher covers the difference between aerobic and anaerobic effort. When you stay aerobic, your body does only what it needs to get through the task. That bare minimum response limits how much progress you can make. With anaerobic exercises, short bursts of very high effort create stress your body must adapt to. You cannot hold that intensity for long, which is exactly why it works. Dr. Fisher reveals how muscle fiber recruitment changes with different workouts. Long steady runs mostly use type one fibers. Short, intense intervals recruit type two fibers, which are the ones you want to preserve as you age. Amy and Dr. Fisher cover the practical rule that simplifies training decisions. You can work long, or you can work hard, but not both. Twenty seconds of true effort creates more adaptation than a full minute of easier work. Dr. Fisher talks about common fears about working at high intensity. Research shows this approach can be safe and effective even for people with conditions like diabetes, heart failure, and coronary artery disease. With proper guidance and personal training, intensity is not something to fear. Learn why tracking heart rate can be a useful feedback tool when training. It helps you understand effort and recovery rather than guessing. Used correctly, it builds confidence instead of anxiety. Dr. Fisher reveals a simple sign that your fitness is improving. If your heart rate drops quickly after exercise, that is a strong indicator of better conditioning. Recovery speed often matters more than peak numbers.     Mentioned in This Episode: The Exercise Coach - Get 2 Free Sessions! Submit your questions at StrengthChangesEverything.com     This podcast and blog are provided to you for entertainment and informational purposes only. By accessing either, you agree that neither constitute medical advice nor should they be substituted for professional medical advice or care. Use of this podcast or blog to treat any medical condition is strictly prohibited. Consult your physician for any medical condition you may be having. In no event will any podcast or blog hosts, guests, or contributors, Exercise Coach USA, LLC, Gymbot LLC, any subsidiaries or affiliates of same, or any of their respective directors, officers, employees, or agents, be responsible for any injury, loss, or damage to you or others due to any podcast or blog content.

Scott Wilson is the CIO at Washington University of St. Louis, where he oversees a $10 billion endowment. Scott joined Wash U three years ago from Grinnell College, where he learned a completely different style of endowment investing than is practiced by others.Our conversation covers Scott's upbringing, early Wall Street career in equity research and derivatives across New York, London and Tokyo, and his leap to Grinnell. We then turn to his applying the Grinnell model at Wash U, transitioning an endowment model portfolio to a concentrated book. We touch on hedge funds and frontier markets and turn to the process of underwriting individual ideas and managers in the context of a concentrated endowment portfolio.Learn MoreFollow Capital Allocators at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@tseides⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠mailing list⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Access transcript with ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Membership⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

Ross is the CEO and Head of Research at Southeastern Asset Management, a firm with a 50‑year record of long‑term, concentrated value investing. In this episode, he breaks down how true multi‑year investing works in practice—from business‑people‑price discipline to the advantages of engagement, selectivity, and thinking far beyond the market's short time horizon.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual's or entity's specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers' views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the challenges and strategies associated with over-concentrated stock positions, particularly in the context of tech companies and other large firms. They explore the risks of having a significant portion of one's wealth tied to a single stock, the emotional connections that can complicate decision-making, and the importance of coordinated financial planning. The conversation covers various strategies for unwinding concentrated positions, including selling shares, tax implications, and alternative methods such as options and exchange funds. The hosts emphasize the need for a systematic approach to managing concentrated wealth and the importance of seeking professional guidance. Check out our website:  beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now Check out our Instagram: https://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/ Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/ For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo #over-concentratedstock #financialplanning #riskmanagement #investmentstrategies #taximplications #stockoptions #wealthmanagement #diversification #financialadvisor #concentratedwealth   Takeaways Many clients have concentrated stock positions due to RSUs or stock options. Concentrated risk can become significant over time, especially in tech. Emotional ties to a company can complicate financial decisions. It's crucial to consider future changes in company leadership. Planning to unwind concentrated risk can take months or years. Tax implications can complicate the selling of concentrated stock. Diversification is key to managing concentrated positions. Coordinating with financial and tax professionals is essential. There are strategies to manage concentrated stock without selling. Proactive planning can prevent financial stress in retirement. Chapters 00:00 Introduction to Over-Concentrated Stock Positions 02:51 Understanding the Risks of Concentrated Wealth 05:53 Planning Considerations for Unwinding Concentrated Risk 08:55 Strategies for Managing Concentrated Stock Positions 12:06 Alternative Approaches to Selling Stock 15:06 Conclusion and Call to Action

2. Future Fleets: Decentralizing Firepower to Counter Chinese Growth. Tom Modly warns that China's shipbuilding capacity vastly outpaces the US, requiring a shift toward distributed forces rather than expensive, concentrated platforms. He advocates for a reinvigorated, independent Department of the Navy to foster the creativity needed to address asymmetric threats like Houthi attacks on high-value assets. 1918 SEVASTOPOL

1.) Thank you to longtime listener Reid for letting us know about technical issues with the show. Hopefully this fixes them. 2.) Yes, I know there is no theme music.

The market is largely being driven by a handful of Artificial Intelligence-focused companies. Is it time to diversify?   Should You Buy at All-Time Highs? Global Diversification Is Still Working University of Missouri Risk Tolerance Assessment Financial Visualization of Markets (finviz.com) Learned by Being Burned (short pod series about K-12 403(b) issues) 403bwise.org Meridian Wealth Management Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®). 

The 2,500-year celebration of the Persian Empire,[1] officially known as the 2,500-year celebration of the Empire of Iran (Persian: جشن‌های ۲۵۰۰ ساله شاهنشاهی ایران, romanized: Jašn-hây-e 2500 sale' šâhanšâhi Irân), was hosted by the Pahlavi dynasty in the Imperial State of Iran in October 1971. Concentrated at Persepolis, it consisted of an elaborate set of grand festivities that sought to honour the legacy of the Achaemenid Empire, which was founded by Cyrus the Great in 550 BC.[2][3] The event was aimed at highlighting ancient Iranian history and also showcasing the country's contemporary advances under Mohammad Reza Pahlavi, who had been reigning as the Shah of Iran since 1941.[4][5] The site brought sixty members of royalty and heads of state from abroad.[6]