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SMV7: Hugh Cathey is a serial entrepreneur with multiple IPOs who gives back to the community and invests in educating other entrepreneurs. In this episode, you will learn:How Hugh built and sold his first company at 25 years oldWhy Hugh provides equity compensation to all team members.Why continuing education is a lifelong pursuit for CEOs.The inside scoop on 2 IPOs and working with Craig McCaw.Why the Midwest is a great place to start a business.Episode Summary: This episode of the SmartMoney Ventures Podcast features Hugh Cathey who is an award winning dealmaker and experienced CEO with 2 successful IPOs completed and a passion for building strong communities. Hugh is a lifelong entrepreneur who built and sold his first company at 25 years old. Hugh specializes in generating rapid revenue growth, and he currently serves as CEO of ChromoCare and as a Principal at Columbus Partners. He previously served as CEO of Digital Networks, where he led a successful IPO and eventually sold the business to Star Telecom. He also served as President of XO Communications, a telecommunications startup with initial funding of $1 Billion from Craig McCaw, founder of McCaw Cellular. Hugh served as President of Qwest Communications International broadband division. This subsidiary grew to over $200 Million in annual revenue within the first two years of operations. With over 800 employees and an annual budget of over $300 Million, it was one of the fastest growing divisions of Qwest Communications. Hugh believes that continuing education is a lifelong pursuit for CEOs, and he walks the walk by mentoring & coaching CEOs regularly. He also believes that all employees should share in equity compensation in the form of stock options. Hugh's philanthropic pursuits are as impressive as his business acumen. Hugh has served on the Board of Directors of LifeCare Alliance for over 26 years and is past Chairman, along with serving as Chairman of the Board of 1st Responders Bridge as well. Companies, people & topics mentioned in this episode:Companies Hugh has worked at: Chromocare Columbus Partners HealthSpot Digital Networks (acquired by Star Telecom) XO Communications Qwest Communications Companies/Institutions where Hugh serves or served as a Board Member : ZNode (Board Chair) Pinnacle Data Systems TC Logic LifeCare Alliance / Meals on Wheels 1st Responders BridgeOther companies/institutions/people mentioned in this episode: AT&T MCI Vancouver Stock Exchange Craig McCaw (McCaw Cellular) Ayn Rand, author of Atlas Shrugged Marc Andreessen - Andreessen Horowitz Ohio Semiconductor BIll Gross Idealab Ted Nottingham Spurk Case Western University James Bond 007The E-Myth by Michael Gerber Coach Woody Hayes Coach Jim Tressel
Liner Notes: Revealing Chats With Canada's Retro Music Makers
This is the 17th episode of our special series ‘Guest Glimpses', short bits from longer conversations with previous guests. You'll hear about 10 minutes of each guest's 60+ minute chat with show host Dan Hare. Featured guests this week are:CRAIG MCCAW - founding member of The Poppy Family who chats with Dan about meeting and working with Terry and Susan Jacks, and how his sitar playing made its way into Poppy Family songs. KEITH SHARP - founder of the iconic Canadian music magazine Music Express, shares how an interview with The Stampeders was the catalyst for Music Express and discusses meeting Bryan Adams and being along for his first world tour.(MR.) ZERO - founding member of The Kings and co-writer of the bands big hit ‘This Beat Goes On/Switchin' To Glide' tells Dan how he got his name and info on the bands fast rise (and fall) in the U.S. market.MICHELLE MCADOREY - lead singer and co-founder (along with Blue Rodeo's Greg Keelor) of Crash Vegas talks about songwriting, the impact the London scene on her as a musician, and her introduction to the dark side of the biz.Listen to each full interview @ linernotes.ca. Just search for the guest by name.
https://www.gofundme.com/f/dr-robert-x Re Broadcast The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services.
Liner Notes: Revealing Chats With Canada's Retro Music Makers
Craig McCaw was an integral part of The Poppy Family and is now president of Roundhouse Productions and a composer for the television, film and Planetarium industries. In this chat with Dan Hare Craig talks about: being booked for the 'Let's Go' TV show; why he began playing sitar; his time and experiences with The Poppy Family, including the bands "overnight: success, the internal friction and the end of the band; his lasting friendship with Susan Jacks; being in on the ground floor of the laser show industry and some close calls with the lasers, and so much more. Find out about what Craig is up to now @ https://roundhouseproductionsshows.com/
Ep. 62: She went from poverty in communist-era Poland to becoming the artist of choice of Silicon Valley billionaires for her renaissance-inspired conceptual art of machines and robots/ Agnieszka Pilat, Conceptual Artist. Born in the shadow of communism, in the grip of poverty, in the cradle of post-industrial Central Poland, Agnieska Pilat acted on her burning desire to leave her homeland and headed to America in 2004. She landed in the Bay Area where a transformative book recommendation from her hairdresser, and her industrial roots in Poland, led to an epiphany which led her to start painting machines. First the traditional kind. Gears and widgets and meters and fire bells. Then — robots. One in particular, her big bright yellow 70 pound cybernetic “pet” if you could call it that / model/assistant/apprentice/Spot, on loan to her from the famed and controversial robot maker Boston Dynamics. Over the past decade, Agnieskza Pilat's classically-trained, renaissance-inspired, contemporary art around man and machine, technology and automation has gained a big following among Silicon Valley's elite billionaires. Her works of art have been acquired by collectors including Sotheby's and tech titans such as Craig McCaw, Richard Branson, Yuri Milner, and Larry Silverstein among others. Several of her paintings are featured in the latest Matrix movie, The Matrix Resurrections. Pilat has been described as an “artist who brings technology to life,” ‘the darling of Silicon Valley,” and a “technology storyteller.” Her latest exhibition is titled Renaissance 2.0, and is an homage to Silicon Valley's renaissance. It was such a pleasure to catch up with Agnieszka Pilat about her life and her renaissance-inspired contemporary art of man and machine.
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services. https://gofund.me/69859d89...Dr Robert X
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services. https://gofund.me/69859d89...Dr Robert X
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services. https://gofund.me/69859d89...Dr Robert X
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services. https://gofund.me/69859d89...Dr Robert X
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services. https://gofund.me/69859d89...Dr Robert X
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services.
The metaverse doesn't exist - at least not yet. As of today, there isn't anything that could legitimately be identified as a metaverse. A useful parallel for understanding its maturity – with a hat-tip to technology analyst Benedict Evans for the reference – may be the story of when telecoms entrepreneur Craig McCaw first heard about the internet. The metaverse is also expected to have a strong connection with the real-world economy – and eventually become an extension of it. In other words, the metaverse must have the ability for companies and individuals to participate in economic activity in the same way they do today. Simply put, this means being able to build, trade and invest in products, goods and services.
My guest today is Tren Griffin, a Senior Director at Microsoft and the man behind an excellent blog called 25IQ. Tren is one of the most prolific writers I know. He’s written books about negotiation, entrepreneurship, and Charlie Munger. He published an article every week for almost six years, and because of all that hard work, he’s now posted more than 1.3 million words online. We start the conversation by talking about his writing process. Then, we talk about distribution in the cellular business, Software-as-a-Service business models, and lessons from his legendary entrepreneur Craig McCaw. After an afternoon with Tren, I feel like he gets more excited about ideas than anybody I’ve ever met. Tren loves life, loves people, and in this conversation, you’ll see just how much he loves ideas. SUBSCRIBE TO MY “MONDAY MUSINGS” NEWSLETTER TO KEEP UP WITH THE PODCAST. LINKS: Find Tren online: Twitter 25iq Other links: Bill Gurley Benchmark Capital Craig McCaw Santa Fe Institute Patrick Collison Richard Zeckhauser Charlie Munger Ed Thorpe Lil Wayne Nassim Taleb John Malone SHOW NOTES 1:46 How did Tren get started with writing, why he is so disciplined about the writing process, and 9:44 What Tren told data scientists during his talk on complex adaptive systems, how to calibrate yourself to business cycles, and trusting the process 21:21 Acquiring judgment through seeing smart people make decisions and what Tren learned from Craig McCaw 33:25 The genesis of the software in the box business model, what the future of the book is going to look like, and the importance of curated marketplaces 41:02 The influence of the Santa Fe Institute, why distribution is so hard, and the key elements of defensibility of companies 54:03 Patrick Collison on raising the intellectual bar at Stripe, what Tren has learned from Richard Zeckhauser, and the importance of first party stories 1:05:02 Demand side economies of sale and what Tren has learn from Charlie Munger, Ed Thorpe, and Lil Wayne 1:17:48 How Tren got into hip hop, Nassim Taleb, and John Malone 1:29:53 What Tren has learned from Bill Gurley
"Hope is not a strategy. Luck is not a factor. Fear is not an option." — James CameronJames Cameron (@jimcameron) is a filmmaker and deep sea explorer. He is writer, director and producer of The Terminator, Aliens, The Abyss, Terminator 2, True Lies, Titanic, and Avatar. Both Titanic and Avatar (the highest grossing film of all time) won the Golden Globe for Best Director and Best Picture and were nominated for a record number of awards. Cameron was also at the vanguard of the 3D renaissance, developing cutting edge 3D camera systems. As an explorer, in 2012, Cameron set the world's solo deep diving record of 35,787' in the Challenger Deep in a vehicle of his own design.A dedicated environmentalist, Cameron founded The Avatar Alliance Foundation to take action on climate change, energy policy, deforestation, indigenous rights, ocean conservation, and sustainable agriculture.He is currently in production on Avatar 2, 3, 4, and 5.Suzy Amis Cameron (@suzymusing) is a noted environmental advocate, mother of five, and the author of OMD: The Simple, Plant-Based Program to Save Your Health, Save Your Waistline, and Save the Planet and the founder of the OMD Movement, a multi-pronged effort to transform eating habits and the food system. She is also a founder of Plant Power Task Force, focused on showing the impact of animal agriculture on climate change and the environment, founded in 2012 with her husband James Cameron and Craig McCaw. In 2005, she founded MUSE School, the first school in the country to be 100% solar powered with zero waste and a 100% organic, plant-based lunch program. Additionally, she is a founder of Verdient Foods, Cameron Family Farms, Food Forest Organics, and Red Carpet Green Dress. As an actor she has been featured in more than 25 films, including The Usual Suspects and Titanic.I thought this episode would be a good opportunity to give some air time to discussion of plant-based diets, but even if you disagree with the idea of plant-based diets, I suggest listening for at least three reasons: One, there's plenty of non-plant talk. Two, as an exercise in patience. I do my best to expose people to different perspectives, and this is no exception. Three, OMD (One Meal Per Day) is worth learning about to understand the discipline that goes into conscious eating and habit formation.And not to be missed, James mentions that unlike on previous films he didn't get sick during the simultaneous filming of Avatar 2 and 3, which is astonishing considering, as he put it, that "they [meaning all staff] know coming in when they sign up that it's going to be the most difficult production in human history." So how did he do it? He credits it to his new routine, including a plant-based diet, supplements, exercise, etc. I asked him for a sample day, which he provided. You can find James's super dialed-in daily routine for Avatar 2 and 3 at tim.blog/jamescameron.Please enjoy!P.S. And if you want to hear more from Suzy and James, you can find two bonus episodes published on the Tribe of Mentors podcast. This podcast is brought to you by Four Sigmatic. I reached out to these Finnish entrepreneurs after a very talented acrobat introduced me to one of their products, which blew my mind (in the best way possible). It is mushroom coffee featuring chaga. It tastes like coffee, but there are only 40 milligrams of caffeine, so it has less than half of what you would find in a regular cup of coffee. I do not get any jitters, acid reflux, or any type of stomach burn. It put me on fire for an entire day, and I only had half of the packet.People are always asking me what I use for cognitive enhancement right now -- this is the answer. You can try it right now by going to foursigmatic.com/tim and using the code Tim to get 20 percent off your first order. If you are in the experimental mindset, I do not think you'll be disappointed.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferriss
"Hope is not a strategy. Luck is not a factor. Fear is not an option." — James Cameron James Cameron (@jimcameron) is a filmmaker and deep sea explorer. He is writer, director and producer of The Terminator, Aliens, The Abyss, Terminator 2, True Lies, Titanic, and Avatar. Both Titanic and Avatar (the highest grossing film of all time) won the Golden Globe for Best Director and Best Picture and were nominated for a record number of awards. Cameron was also at the vanguard of the 3D renaissance, developing cutting edge 3D camera systems. As an explorer, in 2012, Cameron set the world's solo deep diving record of 35,787' in the Challenger Deep in a vehicle of his own design. A dedicated environmentalist, Cameron founded The Avatar Alliance Foundation to take action on climate change, energy policy, deforestation, indigenous rights, ocean conservation, and sustainable agriculture. He is currently in production on Avatar 2, 3, 4, and 5. Suzy Amis Cameron (@suzymusing) is a noted environmental advocate, mother of five, and the author of OMD: The Simple, Plant-Based Program to Save Your Health, Save Your Waistline, and Save the Planet and the founder of the OMD Movement, a multi-pronged effort to transform eating habits and the food system. She is also a founder of Plant Power Task Force, focused on showing the impact of animal agriculture on climate change and the environment, founded in 2012 with her husband James Cameron and Craig McCaw. In 2005, she founded MUSE School, the first school in the country to be 100% solar powered with zero waste and a 100% organic, plant-based lunch program. Additionally, she is a founder of Verdient Foods, Cameron Family Farms, Food Forest Organics, and Red Carpet Green Dress. As an actor she has been featured in more than 25 films, including The Usual Suspects and Titanic. This episode features the entire set of questions and answers with Suzy and James, and if features all the answers that are in the two short episodes, one of which is published on "The Tim Ferriss Show" and the other published on this podcast.
"Hope is not a strategy. Luck is not a factor. Fear is not an option." — James Cameron James Cameron (@jimcameron) is a filmmaker and deep sea explorer. He is writer, director and producer of The Terminator, Aliens, The Abyss, Terminator 2, True Lies, Titanic, and Avatar. Both Titanic and Avatar (the highest grossing film of all time) won the Golden Globe for Best Director and Best Picture and were nominated for a record number of awards. Cameron was also at the vanguard of the 3D renaissance, developing cutting edge 3D camera systems. As an explorer, in 2012, Cameron set the world's solo deep diving record of 35,787' in the Challenger Deep in a vehicle of his own design. A dedicated environmentalist, Cameron founded The Avatar Alliance Foundation to take action on climate change, energy policy, deforestation, indigenous rights, ocean conservation, and sustainable agriculture. He is currently in production on Avatar 2, 3, 4, and 5. Suzy Amis Cameron (@suzymusing) is a noted environmental advocate, mother of five, and the author of OMD: The Simple, Plant-Based Program to Save Your Health, Save Your Waistline, and Save the Planet and the founder of the OMD Movement, a multi-pronged effort to transform eating habits and the food system. She is also a founder of Plant Power Task Force, focused on showing the impact of animal agriculture on climate change and the environment, founded in 2012 with her husband James Cameron and Craig McCaw. In 2005, she founded MUSE School, the first school in the country to be 100% solar powered with zero waste and a 100% organic, plant-based lunch program. Additionally, she is a founder of Verdient Foods, Cameron Family Farms, Food Forest Organics, and Red Carpet Green Dress. As an actor she has been featured in more than 25 films, including The Usual Suspects and Titanic. This episode features Suzy and James's answers to three questions. You can also find the full, uncut version of their questions and answers on this podcast (Tribe of Mentors), and you can listen to Tim's favorite answers and highlights on The Tim Ferriss Show podcast.
My guest this week is a bundle of curiosity, and that is one of the nicest things I could say about someone. For several years, Tren Griffin has been writing a weekly blog post that highlights things he has learned from various investors, businesspeople, musicians, comedians, and more. Lately, he has also been tackling individual businesses, and broad topics like scaling, competitive forces, and product market fit. Tren’s full time job is serving as a director at Microsoft. He’s also worked with or for several well know businesspeople and investors like Craig McCaw, and written several books including one on lessons for entrepreneurs, one on Charlie Munger, and another on negotiation. We discuss value creation vs. value capture, alpha in investing, sales, hip hop, and why he’d teach high school students about convexity through a drunk driving analogy. I could have talked to Tren for much longer than I did, but sadly, we both had flights to catch. If you take anything away from this, I hope its just how much fun it is to just be curious about business, and how you can learn a tremendous amount if you just keep reading about the things that interest you and talking to others. Please enjoy my conversation with Tren Griffin. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes 2:26 – (First question) – key levers of the universal business model 4:26 – How do you know when you’ve achieved real value creation 6:24 – Importance of value capture and how they enhance value creation 6:31 – Zero to One: Notes on Startups, or How to Build the Future 9:08 – Price power 10:28 – Are discussions of moats more useful to businesses than to investors 13:12 - What Tren learned during his early years working with Craig McCaw 16:28 – The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success 16:36 – The skill of capital allocation 18:37 – How would Buffett and Munger bet on tech if they were starting out today and their philosophy of betting against change 21:57 – How Tren became so fascinated with Charlie and what he’s learned from him 22:32 – The Alchemy of Finance 23:17 – Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger 23:19 – Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger 25:21 – Most memorable moment or lesson from Charlie 28:19 – There are more pockets of Alpha 19:20 – How he thinks about factor investing 31:25 – What are the scalability features that make a business attractive 31:28 – A Dozen Attributes of a Scalable Business 35:37 – Exploring some of the other important levers of businesses, such as subscriptions, customer acquisition cost, and more. 36:20 – Getting to Yes: Negotiating Agreement Without Giving In 37:11 – Wholesale transfer pricing 39:18 – Pros and cons of subscription business models 43:14 – Magic of getting products distributed 44:58 – Best sale Tren’s ever made 46:46 – Most important lesson for young people 49:01 – Any businesses that are piquing Tren’s interest right now 50:16 – Tren’s interest in hip-hop and how it helps him reach more people 53:49 – A look at some interesting quotes from Jim Barksdale 58:22 – Learning by doing 1:00:48 – Seeing like a State: How Certain Schemes to Improve the Human Condition Have Failed 1:01:06 – Period of his career that he felt most alive 1:03:03 – Advice for young people thinking about business and entrepreneurship 1:04:56 – Why are so few people passionate about what they do for a living 1:10:44 – Kindest thing anyone has done for Tren Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag
Opinionated Stance | Technology, Business, Life Podcast | Hosted By Patrick Farrar
Our discussion this week features a lively discussion with Craig McCaw about how to find the right office space for your company. Craig is a seasoned corporate real estate executive in Chicago who has worked with some the fastest growing firm in Chicago. We talk about how to get a space, what to look for when picking a space, how an office space can play a factor in developing and fostering company culture.
Tren Griffin works at Microsoft. Previously, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw, with investments in the telecommunication and software industries, including McCaw Cellular, Nextel, Nextel Partners, XO Communications, Teledesic, and many start-up firms. His early career included five years working and living as a business consultant in Korea and Australia. Tren blogs about investing and other topics at 25iq.com. He is the author of The Global Negotiator: Building Strong Business Relationships Anywhere in the World; Korea, The Tiger Economy; Taiwan's Economy; Ah Mo: Legends from the Northwest; and More Ah Mo.
Tren Griffin is a Senior Director at Microsoft, doing strategy, competitive analysis and business development, with a focus on software platforms and business models. He creates and helps execute "go to market" plans, working closely with the engineering and marketing teams. Before that, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw with investments in software, communications and other technology industries including Nextel, Nextel Partners and many start-up firms. During some of this time served as an officer of portfolio companies XO Communications (VP Strategy) and Teledesic (VP Business Development).Tren recently released his new book, Charlie Munger: The Complete Investor. The book presents the essential steps of Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham's value-investing system, Munger's approach is straightforward enough that even novices can apply it to their portfolios. Not simply about stock picking, it's about cultivating mental models for your whole life, but especially for your investments.Key Takeaways:[3:57] What you're looking for as a value investor[8:42] How FOMO is hurting investors and how value investing avoids it[13:35] If the corruption on Wall Street is impacting the Munger's and Buffett's of the world[19:09] If the level of intelligence and activity on Wall Street makes it impossible for the average investor to have an edge[24:03] Why the Warren Buffett's of the world don't care what the market is doing right now and in the near futureWebsites Mentioned:www.25iq.comwww.twitter.com/trengriffin
Tren Griffin is a Senior Director at Microsoft, doing strategy, competitive analysis and business development, with a focus on software platforms and business models. He creates and helps execute "go to market" plans, working closely with the engineering and marketing teams. Before that, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw with investments in software, communications and other technology industries including Nextel, Nextel Partners and many start-up firms. During some of this time served as an officer of portfolio companies XO Communications (VP Strategy) and Teledesic (VP Business Development).Tren recently released his new book, Charlie Munger: The Complete Investor. The book presents the essential steps of Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham’s value-investing system, Munger’s approach is straightforward enough that even novices can apply it to their portfolios. Not simply about stock picking, it's about cultivating mental models for your whole life, but especially for your investments.Key Takeaways:[3:57] What you're looking for as a value investor[8:42] How FOMO is hurting investors and how value investing avoids it[13:35] If the corruption on Wall Street is impacting the Munger's and Buffett's of the world[19:09] If the level of intelligence and activity on Wall Street makes it impossible for the average investor to have an edge[24:03] Why the Warren Buffett's of the world don't care what the market is doing right now and in the near futureWebsites Mentioned:www.25iq.comwww.twitter.com/trengriffin
This episode was recorded 17 May 2013 live and in person at Omni's lovely offices overlooking Lake Union in Seattle. You can download the m4a file or subscribe in iTunes. (Or subscribe to the podcast feed.) Tim Wood, CTO of The Omni Group, talks about how Omni got started and what it was like being a NeXT developer before the acquisition. This episode is sponsored by Squarespace. Easily create beautiful websites via drag-and-drop. Get help any time from their 24/7 technical support. Create responsive websites — ready for phones and tablets — without any extra effort: Squarespace's designers have already handled it for you. Get 10% off by going to http://squarespace.com/therecord. And, if you want to get under the hood, check out their APIs at developers.squarespace.com. This episode is also sponsored by Microsoft Azure Mobile Services. Mobile Services is a great way to provide backend services — syncing and other things — for your iPhone, iPad, and Mac apps. If you've been to the website already, you've seen the tutorials where you input code into a browser window. And that's an easy way to get started. But don't be fooled: Mobile Services is deep. You can write in your favorite text editor and deploy via Git. Regular-old Git, not Git#++. Git. Things we mention, in order of appearance (more or less): Atari 800 BASIC Tacoma, WA Commodore Apple II 6502 Assembler Atari ST Compute! Magazine Burroughs Mainframes Radio Shack NeXT Mac University of Washington H19 Terminal Fortran Mathematica LaTeX Java Ada Boeing Department of Defense VMS IBM 360 Objective-C AppKit Interface Builder Project Builder Makefiles Read-write Optical drives Wil Shipley Ken Case Greg Titus Tom Bunch Massively multiplayer games Minecraft MOOs MUSHes CompuServe Ultima Online William Morris Agency McCaw Cellular 1992 Framemaker Adobe Lighthouse Design Diagram! OmniGraffle 1994 www.app OmniWeb Blink tag Rocky & Bullwinkle Rhapsody Hewlett Packard Sun OpenStep Solaris Windows NT Be Jean-Louis Gasée Enterprise Objects Framework Core Data Avie Tevanian Jon Rubinstein Bertrand Serlet Craig Federighi Appletalk Yellow Box HP-UX Andrew Stone Doom Id Software Wil's mail OpenGL John Carmack DirectX OmniOutliner Comic Life NCSA GCD Blocks Functional programming Mac Pro Go Rust Race conditions OmniPresence Own the Wheel iCloud Core Data Syncing Rich Siegel Yojimbo Sync Services
The wireless broadband pieces appear to be falling in place: Sprint Nextel says its next-generation high-speed network will be launched in a few markets by the end of 2007. Intel plans to embed so-called ”WiMAX” enabled semiconductors in laptops by the end of 2008 and startups like Craig McCaw's Clearwire hope to blanket much of the nation with WiMAX service. Other companies are supporting hybrid wireless networks so that devices can hop between technologies. Where is all this heading and what does it mean for the ”Anywhere Consumer”? See acast.com/privacy for privacy and opt-out information.
WiMax - Why Not? Craig McCaw is a visionary, who has had an uncanny ability to predict the future of technology. WiMAX has the potential to do for broadband access what cell phones have done for telephony - replacing cable and DSL services, providing universal Internet access just about anywhere - especially for suburban and rural blackout areas. Just like in the early 1980's Clearwire's Craig O. McCaw has been buying up licensed radio spectrum. You may not have heard of Craig but in the early 80's he recognized local cell permits being sold by the the FCC were greatly undervalued and he started bidding cellular phone licenses. He did his buying under the radar screen of the telcos and, by the time they recognized what he was doing it was basically too late � Craig had already purchased and owned licenses in most of the major markets. Of course he had the money - in 1986 Craig and his brothers sold a cable television business their father had left them for $755 million and concentrated on building a national cellular phone network. The story continues - MCI Communications sold its cellular and paging operations to Craig in 1986 for $122 million and their company went public with the brothers holding around 40% of the company. His last big acquisition in the cell market was the $3.5 billion deal for LIN Broadcasting where he outbid Bell South. With the LIN acquisition Craig and his brothers had almost complete control of the 1989 U. S. cell market. McCaw brothers sold the company to AT&T in 1994 for $11.5 billion and a lot of people figured they would just ride off into the sunset � not the case! Fast forward to today - Clearwire, under Craig's direction, has quietly purchased enough licensed radio spectrum to build a national WiMAX network. What is WiMax?Let's begin by putting WiMax in context. You and I both have cable modems. This is Broadband access - for residential access either a DSL or cable modem and at the office either a T1 or a T3 line - pretty expensive and not available in all areasWe also have WiFi access - at home, at work or on the road WiFi routers or wireless access points provide mobility with connectivity - hot spots are very small, so coverage is sparsenot that many years ago, we both used dial-up access - many (71%) use dial-up either because broadband is not available or too expensive - painfully slowThat's where WiMax comes in to the picture. WiMAX or Worldwide Interoperability for Microwave Access is the name given to the IEEE 802.16 wireless standard, which provides: speed of comparable to broadband service wireless access (significantly cheaper than cable or DSL and much easier to extend to suburban and rural areas) broad coverage - much more like a cellular network rather than small isolated WiFi hotspots WiMAX works much like WiFi but supports higher speeds, greater distances and a greater number of users. What's needed for WiMax?WiMAX components include: A WiMAX tower, not unlike a cell-phone tower, but able to cover a much larger area - up to 3000 square miles for a single tower versus 10 sqr miles for cell [Rhole Island is 1045 sqr miles; Bermuda 22 sqr miles; and Delaware 2489 sqr miles] The second component is a WiMAX receiver (a small box or PCMCIA card, or integrated into a laptop - like WiFi in Centrino/Pentium M) A WiMAX tower can connect directly to the Internet using a wired connection (e.g. a T3 line) or connect to another WiMAX tower using a line-of-sight, microwave link. Can you give us some specs for WiMaxWiMAX can provide two forms of wireless service:non-line-of-sight, WiFi sort of service, a small antenna on your computer connects to the tower uses a lower frequency range -- 2 GHz to 11 GHz (similar to WiFi) lower-wavelength transmissions provide greater immunity to physical obstructions limited to a 4-to-6 mile radius (~25 square miles of coverage; similar in range to a cell tower) line-of-sight service, fixed dish antenna points to the WiMAX tower from a rooftop or pole stronger and more stable, so it's able to send a lot of data with fewer errors use higher frequencies (up to 66 GHz) at higher frequencies - less interference; more bandwidth. Currently, the fastest WiFi connection is up to 54 megabits per second under optimal conditions. WiMAX is predicted to handle up to 70 megabits per second - providing the equivalent of cable modem speeds even when shared by several dozen businesses or a few hundred home users. Distance is where WiMax really outshines WiFi - while WiFi has a range of about 300 feet, WiMAX will provide wireless access for a radius of 30 miles. The increased range is due to the frequencies used and the power of the transmitter. Of course, at that distance, terrain, weather and large buildings will act to reduce the maximum range in some circumstances, but the potential is there to cover large geographic areas. What would happen if I got WiMAX An Internet service provider sets up a WiMAX base station 10 miles from your home. You'll need a WiMAX-enabled computer or upgrade your old computer to add WiMAX capability. You would receive a special encryption code that would give you access to the base station. Potentially, the cost could be much lower than current high-speed Internet fees because the provider never had to run cables. For your home network, things wouldn't change much. A WiMAX base station would send data to a WiMAX-enabled router, which would then send the data to the different computers on your network. You could even combine WiFi with WiMAX by having the router send the data to the computers via WiFi. Craig has also attracted some major investors with Motorola and Intel giving him close to $900 million in July. Rumor has it that, with Clearwire's potential network, within 3 years the company will be able to offer nationwide WiMAX service for around $25 per month which is significantly less that people are currently paying for other providers nationwide lower bandwidth data services. Clearwire is not without competition. According to WiMAXTrends.com: On August 8 Sprint Nextel President and CEO Gary Forsee announced that Sprint will adopt WiMAX as it technology choice for its next generation "4G" network. Mr. Forsee announced that its current EV-DO network will complement a mobile WiMAX network. The mobile WiMAX network will be utilized with a full range of WiMAX-embedded devices. The products are coming and the providers are committed to build the network. This makes me think seriously about the Muni WiFi initiatives we are seeing springing up in most U.S. cities. Will they survive? If I'm a business person on the road do I take my chances on Muni WiFi or do I just pay Clearwire $25 per month for guranteed access? References: A Wake Up Call from Craig McCaw, Business Week Magazine, July 24, 2006 The Wizard of Wireless: http://www.achievement.org/autodoc/page/mcc0bio-1 SPRINT NEXTEL ANNOUNCES THAT WIMAX IS TECHNOLOGY CHOICE FOR ITS NEXT GENERATION "4G" NETWORK: http://WiMAXTrends.com