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Bitcoin Italia Podcast
S07E34 - La guerra dei chip

Bitcoin Italia Podcast

Play Episode Listen Later Sep 25, 2025 76:04


Parlare di sicurezza informatica e di custodia diretta di bitcoin con un hardware wallet significa anche parlare di chip. Vediamo come i mutati equilibri geopolitici internazionali stanno cambiando le scelte hardware dei migliori produttori di dispositivi.Inoltre: è strage di conti in banca nel mondo, la proposta di Brink sul dibattito OP_RETURN, i ministri delle finanze europee concordano una road map per l'euro digitale, e un report della Deutche Bank certifica che bitcoin è come l'oro e entrerà presto nelle riserve delle banche centrali.It's showtime!

The Hole Truth
Arika Spins its Wheels at F1 Prospect - Justin Barton (ASX: ARI)

The Hole Truth

Play Episode Listen Later Aug 11, 2025 17:20


Arika Resource (ASX: ARI) has just put out some cracking results from its Yundamindra project in WA's easter goldfields. The company plans to keep the drill rig turning for many months as it tests any number of compelling targets across the project. Managing Director Justin Barton is a Chartered Accountant with over 20 years experience in accounting, international finance, M&A and the mining industry. He worked for over 13 years in the Big 4 Accounting firms in Australia and Europe and advised many of the worlds largest mining, oil & gas companies and financial institutions, including Rio Tinto, Chevron, Macquarie, Merrill Lynch, Morgan Stanley and Deutche Bank. Justin also worked for 4 years at Paladin Energy Limited as Group Tax and Finance Manager and advised on their plant construction and mining operations in Africa and their expansion into Canada. More recently, he has worked as the CFO and been a Board Member of a number of junior exploration companies. Mr Barton is currently a Board member of Eneabba Gas Limited and Interposed Holdings Limited.   -------   Produced by Resource Media   -------   The Hole Truth: Mining Investment Podcast is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.  ------- RESOURCES LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC&si=iOcGscff7kMSw8c7 Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ Instagram: https://www.instagram.com/theholetruthpodcast/  Company Website: https://www.arika.com.au ------- INSIGHTS FROM THE EPISODE Cracking Early Results at F1 Prospect in Yundamindra Arika Resources has reported 4m @ 40g/t Au from the first holes drilled at the F1 Prospect, part of the company's 10,000m campaign at the Yundamindra Gold Project near Laverton, WA. 'Yellow Brick Road' Corridor Hosts Multiple High-Grade Targets The F1 Prospect sits within the‘Yellow Brick Road', a 16km structural corridor with more than 10km of historical gold workings on multiple parallel structures—indicating scale and prospectivity across the project. Follow-Up at Landed at Last and Pennyweight Point Prior intercepts include 14m @ 3g/t Au at Landed at Last and 35m @ 2.5g/t Au at Pennyweight Point, with current drilling expanding on these zones to locate the project's centre of gravity. Over 50 High-Priority Targets Identified Arika has mapped 50+ high-priority targets across Yundamindra using drone magnetics, soil sampling, and fieldwork—many of which remain completely untested by modern exploration. Bonaparte and Syncline Prospects Next in Line After F1, drilling moved to Bonaparte, followed by the nose of the Yundamindra Syncline, where historical dryblowing and anomalous rock chips hint at further gold-bearing structures beneath shallow cover.

Faster, Please! — The Podcast

As I often remind subscribers to Faster, Please!, predictions are hard, especially about the future. The economic boom of the 1990s came as a surprise to most economists. Equally surprising was that it ended so soon. Neither of these events caught Ed Yardeni off-guard. Some forecasters, Yardeni included, anticipated a new Roaring '20s for this century… only to be interrupted by the pandemic. But is it too late for this prediction to become a reality? According to Yardeni, not at all.Ed Yardeni is president of Yardeni Research, and he previously served as chief investment strategist at a number of investment companies, including Deutche Bank.  He has additionally held positions at the Federal Reserve Bank of New York, Federal Reserve Board of Governors, and US Treasury Department. For more economic insights and investment guidance, visit yardeni.com.In This Episode* The '90s Internet boom (1:25)* The Digital Revolution (5:01)* The new Roaring '20s (9:00)* A cautious Federal Reserve (14:24)* Speedbumps to progress (18:18)Below is a lightly edited transcript of our conversationThe '90s Internet boom (1:25)Pethokoukis: Statistically speaking, the PC Internet boom that you first started writing about back in the early '90s ended in 2004, 2005. How surprising was that to economists, investors, policy makers? I, to this day, have a report, a 2000 report, from Lehman Brothers that predicted, as far as the eye could see, we would have rapid growth, rapid productivity growth for at least another decade. Now, of course, Lehman didn't make it another decade. Was that a surprise to people that we didn't have an endless productivity boom coming out of the '90s?Yardeni: I think it definitely was a surprise. I mean, it was surprising both ways. Not too many people expected to see a productivity boom in the second half of the 1990s, which is what we had. I did, as an economist on Wall Street. More importantly, Alan Greenspan was a big promoter of the idea that the technology revolution would in fact lead to better productivity growth and that that might mean better economic growth and lower inflation. And it didn't look that way for a while; then suddenly the Bureau of Economic Analysis went back and revised the data for the late 1990s and, lo and behold, it turned out that there was a productivity boom. And then it all kind of fizzled out, and it raises the question, why did that happen? Why was it such a short lived productivity boom? And the answer is—well, let me give you a personal anecdote.I worked at Deutsche Bank in New York in the late 1990s, and I had to be very careful walking down the corridors of Deutsche Bank in midtown Manhattan not to trip over Dell boxes. Everybody was getting a Dell box, everybody was getting the Dell boxes loaded up with the Windows Office. And when you think back on what that was able to do in terms of productivity, if you had a lot of secretaries on Selectric typewriters, Word could obviously increase productivity. If you had a lot of bookkeepers doing spreadsheets, Excel could obviously increase productivity. But other than that, there wasn't really that much productivity to be had from the technology at the time. So again, where did that productivity boom come from? It couldn't have been just secretaries and bookkeepers. Now the answer is that the boxes themselves were measured as output, and so output per man hour increased dramatically. It doesn't take that many workers to produce Dell boxes and Windows Office and Windows software. So as a result of that, we had this big boom in the technology output that created its own productivity boom, but it didn't really have the widespread application to all sorts of business model the way today's evolution of the technology boom is, in fact, capable of doing.What you've just described, I think, is the explanation by, for instance, Robert Gordon, Northwestern University, that we saw a revolution, but it was a narrow revolution.It was the beginning! It was the beginning of a revolution. It was the Technology Revolution. It started in the 1990s and it's evolved, it's not over, it's ongoing. I think a big development in that revolution was the cloud. What the cloud allowed you to do was really increase productivity in technology itself, because you didn't need to have several hundred people in the IT department. Now, with the cloud, one person can upgrade the software on hundreds of computers, and now we're renting software so that it automatically upgrades, so that's been a big contribution to productivity.The Digital Revolution (5:01)So perhaps I spoke too soon. I talked about that boom—that '90s boom—ending. Perhaps I should have said it was more of a pause, because it seems what we're seeing now, as you've described it, is a new phase of the Digital Revolution—perhaps a broader phase—and, to be clear, if I understand what you've been speaking about and writing about, this isn't an AI story, this predates what we're seeing in the data now, it predates ChatGPT, when do you date this new phase beginning—and you mentioned one catalyst perhaps being the cloud, so—when did it begin and, again, what are the data markers that you've been looking at?I don't remember the exact date, but I think it was 2011 where my little investment advisory got ourselves on the Amazon cloud, and that's been a tremendous source of productivity for us, it saves us a lot of money. We used to have a couple of servers on a server farm in the old days, and every now and then it would go down and we'd have to reach somebody on the server farm and say, “Would you mind turning it on and off?” Remember the word “reboot?” I don't remember the word “reboot” being used in quite some time. Amazon's never gone down, as far as I can recall. I think they've always had their systems in Virginia, and they had a backup somewhere overseas, but it's always worked quite well for us.But now we're finding with some of the other software that's available now, we can actually cut back on our Amazon costs and use some of these other technologies. There's lots of technologies that are very user-friendly, very powerful, and they apply themselves to all sorts of different businesses, and, as you said, it's not just AI. I think the cloud—let's put it around 2011 or so—was a huge development because it did allow companies to do information processing in a much more efficient way, and the software gets automatically updated, and with what it used to take hundreds of people in an IT department to do, now you can do it with just one, which is what we, in fact, have, just one person doing it all for us. But I would say that's as good a point as any. But along the way here, what's really changed is the power of the software that's available, and how cheap it is, and how you can rent it now instead of having to own it.That's a fantastic example, and, of course, we want to see these sort of examples at some point reflected in the data. And going through some of your writings, one period that you were very focused on was, we may have seen a bottom, maybe at the end of 2015, before the pandemic, where we saw the slowest, I think 20-quarter average… annual average growth rate of productivity.0.5 annual rate.But by 2019, leading into the pandemic, it tripled. Is the story of that tripling, is it the cloud? And that certainly has to be one reason why you, among other people, thought that we might see a new Roaring '20s, right into the teeth of the pandemic, unfortunately.Well, it's not so unfortunate, I mean, clearly nobody saw the pandemic coming, but we weathered the storm very, very well, and I don't think we can come to any conclusion about productivity during the pandemic, it was all over the place. At first, when we were on lockdown, it actually soared because we were still producing a lot with fewer workers, and then it took a dive, but we're now back up to two percent. We had a really, really good year last year in productivity. The final three quarters of last year, we saw above-trend growth in productivity. And so we're already now back up to two percent, which, again, compared to 0.5, is certainly moving in the right direction, and I don't see any particular reason why that number couldn't go to three-and-a-half, four-and-a-half percent per year kind of growth—which sounds delusional unless you look back at the chart of productivity and see that that's actually what productivity booms do: They get up to something like three-and-a-half to four-and-a-half percent growth, not just on a one-quarter basis, but on a 20-quarter trailing basis at an annual rate.The new Roaring '20s (9:00)This forecast predates the word “generative AI,” predates ChatGPT, and, in fact, if I understand your view, it's even broader than information technology. So tell me a bit about your broader Roaring '20s thesis and the technological underpinnings of that.One of the developments we've seen here, which has been somewhat disconcerting, is the challenge to globalization. I'm a big believer in free trade, and the free trade creates more economic growth, but, on the other hand, we have to be realistic and realize that China hasn't been playing by the rules of the game. And so now, as a result, we're seeing a lot of production moving out of China to other countries, and we're seeing a lot of on-shoring in the United States, so we're building state-of-the-art manufacturing facilities that are full of robots and automation that I think are going to bring manufacturing productivity back quite significantly.Everybody seems to be of the opinion that the reason productivity is weak is because of services. It's actually manufacturing. What happened is, when China joined the World Trade Organization back at the end of 2001—December 11th, 2001, to be exact—manufacturers said hasta la vista to the United States, and we've had absolutely no increase in industrial production capacity since that time, since 2001. And so companies basically gave up on trying to do anything, either expand capacity or improve productivity of manufacturing here, when they could do it so much more cheaply over in China.I think what's really the most important thing that's changed here is, demographically, we've run out of workers. Certainly even in China, we don't have a growth in the working-age population. We don't have a growth in the working-age population here. And when it comes to skilled labor, that's even more the case, so there's tremendous incentive and pressure on companies to figure out, well, how do we deal with an environment where our business is pretty good, but we can't find the workers to meet all the demand? And the answer has to be productivity. Technology is part of the solution. Managing for productivity is another part of the solution. Giving workers more skills to be more productive is a very good use of money, and it makes workers sticky, it makes them want to stay with you because you're going to have to pay them more because they're more knowledgeable, and you want to pay them more because you want to keep them.I think a big part of the productivity story really has to do with the demographic story. China, of course, accelerated all that with the One Child Policy that, as a result, I kind of view China as the world's largest nursing home. They just don't have the workforce that they used to have. Japan doesn't have the workforce. Korea, Taiwan, all these countries… If you want to find cheap, young labor, it's still in Africa and in India, but there are all sorts of issues with how you do business in these countries. It's not that easy. It's not as simple as just saying, “Well, let's just go there.” And so I think we are seeing a tremendous push to increase productivity to deal with the worldwide labor shortage.We have three really good quarters of productivity growth and, as you mentioned, economists are always very cautious about those productivity numbers because of revisions, they're volatile. But if this is something real and sustainable, it should also reflect in other parts of the economy. We should see good capital investment numbers for here on out if this is a real thing.I think not only capital investment, but also real wages. Productivity is fairy dust. I mean it's a win-win-win situation. With better-than-expected productivity, you get better-than-expected, real GDP, you get lower-than-expected unit labor costs, which, by the way, unit labor costs, which reflect hourly wages offset by productivity, they're under two percent—or they're around two percent, I should say more accurately—and that's highly correlated with the CPI, so the underlying inflation rate has already come down to where the Fed wants it to be. This is not a forecast, this is where we are right now with unit labor costs. So there's a very strong correlation between productivity growth and the growth of inflation-adjusted compensation. So you can take average hourly earnings, you can take hourly compensation…There are a bunch of measures of wages, and divide them by the consumption deflator, and you'll see on a year-over-year basis that the correlation is extremely high. And, theoretically—it's the only thing I learned when I went to college in economics that ever made any sense to me, and that is—people in a competitive marketplace—it doesn't have to be perfectly competitive, but in a relatively competitive marketplace—people get paid their real wage. The productivity the workers have, they get paid in their real wages, and we've seen, for all the talk about how “standards of living have stagnated for decades,” if you look at average hourly earnings divided by the consumption deflator, it's been going up 1.4 percent since 1995. That's a doubling of the standard of living every 40 years. That's pretty good progress. And if productivity grows faster than that, you'll get even a better increase in real wages.If we don't have workers, if there's a shortage of workers—though, obviously, immigration puts a whole different spin on these things—but for what we know now in terms of the workers that are available that are allowed to work, they are getting paid higher real wages. I know that prices have gone up, but people sometimes forget that wages have also gone up quite a bit. But again, it's fairy dust: You get better real growth, you get lower inflation, you get real wages going up, and you get better profit margins. Everybody wins.A cautious Federal Reserve (14:24)In the '90s, we had a Fed chairman who was super cautious about assuming a productivity boom, but eventually saw the reality of it and acted accordingly. It seems to me that we have a very similar such situation where we have a Federal Reserve chairman who is certainly aware of these numbers, but seems to me, at this point, certainly reluctant to make decisions based on those numbers, but you would expect that to change.Yeah, well, I mean if you just look at the summary of economic projections that the Federal Open Market Committee… that comes out on a quarterly basis reflecting the consensus of Fed Chair Powell's committee that determines monetary policy, they're looking for real GDP growth of less than two percent per year for the next couple of years, and they're obviously not anticipating any improvement in productivity. So I think you're right, I think Fed Chair Powell is very much aware that productivity can change everything; and, in fact, he's talked about productivity, he knows the equation. He says, “Look, it's okay to have wages growing three percent if inflation's two percent.” Then he implied, therefore, that productivity is growing one percent. So he's basically in the one percent camp, recognizing that, if productivity is more than that, then four percent wage growth is perfectly fine and acceptable and non-inflationary. But at this point he's, in terms of his pronouncements, he's sticking to the kind of standard line of economists, which is, maybe we'll get one percent, and if we get one percent and the Fed gets inflation down, let's say to only two-and-a-half percent, then wages can grow three-and-a-half percent, and right now wages are growing at a little bit above. I think we're growing more like four percent, so the wage numbers aren't there yet, but they could be the right numbers if, in fact, productivity is making a comeback.If we hit productivity gains of the sort you've talked about—three percent, four percent by the end of the decade—that is a radically different-looking economy than what the Fed, or the CBO, or even a lot of Wall Street firms are talking about. So it's not just this statistic will be different; we're looking at really something very different. I would assume a much higher stock market; I'm not sure what interest rates look like, but what does that world look like in 2030?These are all good questions, they're the ones I'm grappling with. I mean, should interest rates be lower or should they be higher? It's the so-called real interest rates, so if the economy can live with a Fed funds rate of, let's say five and a half percent—five and a quarter, five and a half percent, which is what it is now—and the bond yield at four and a half percent and the economy is doing perfectly fine and inflation's coming down, and it's all because productivity is making comeback, then those rates are fine. They're doing their job, they're allocating capital in a reasonable fashion, and capital is going to get allocated to where capital should go. You mentioned before that, in order to increase productivity, we are going to need more capital investments.Here the Fed has raised interest rates dramatically, and most of the economists said, “Oh, that's going to lead to a big drop in capital,” because capital spending is dependent on interest rates, and that hasn't happened at all, really, because the technology capital spending—which now, in current dollars, technology capital spending accounts for about 50 percent of capital spending in nominal terms. You can't do it in real terms because there's an indexing problem. But in nominal terms, half of capital spending is technology. And by the way, that's an understatement because that's information technology, hardware, it's software and R&D. It doesn't even include industrial machinery, which is mostly technology, hardware and software these days. And even the trucking industry, the truck is sort of the device, and then there's a software that runs the device logistics. There's so many areas of the economy that have become very high-tech that people still think of as a low-tech industry.Speedbumps to progress (18:18)If this doesn't happen. Well, I suppose one thing we could say may have happened is that we've really overestimated these technologies and they're not as transformative. But let me give you two other things that people might point to as being—and you've written a bit about these—that could be speed bumps or barriers. One: debt, possible debt crisis. And two: this energy revolution, climate change transition, which we really have a lot of government involvement and a lot of government making decisions about allocating resources. So what is the risk that those two things could be a slow things down, speed bump, or what have you?There's three issues that you're raising. One is sort of the private sector issue of whether a lot of this artificial intelligence and technology stuff is hype, and it's not going to have the impact on productivity. The other one, as you mentioned, is the two government issues, government's meddling in the climate change policies, and then the government having this irresponsible fiscal excesses.With regards to artificial intelligence, even though I should be a cheerleader on this, because I should say, “See, I told you so…” I have been telling people I told you so because I said, I'll tell you when the stock market started to discount the Roaring '20s was November 30th, 2022 when Open AI introduced ChatGPT, and that's when these AI stocks went crazy. A week later I signed up for the $20 a month version of ChatGPT, figuring, “This is great! I'm not going to have to work anymore. This is going to do all my writing for me. I'll just ask it the question and say, ‘What do you think we should be writing about this? Go ahead and write about it.'” Well, it took me more time to correct all the errors for what it produced than it would've taken me just to write the damn thing.So I kind of cooled off to chat GPT, and I come to the conclusion that, from what I see right now in terms of what is available to the public and what's tied to the internet, it's really autofill on speed and the steroids. You know when you type Word and sometimes it guesses what you're going to say next? That's what this thing does at the speed of light. But, you know, “haste makes waste,” as Benjamin Franklin used to say, and it makes a lot of mistakes. And, by the way, garbage in, garbage out. It could create even more garbage on the internet because I've seen situations where it starts quoting its own sources that would never have existed in the first place. So there's some really funky stuff when you have it in the public domain.But I think that when you have it sort of segmented off and it only has the data that you need for your specific industry, and it's not polluted by other the open source ability to take any data, I think it may very well work very well. But it's basically just a really fast, lightning-speed calculations. So I think it has lots of potential in that regard, but I think there is a certain amount of hype. But look, so much money is being spent in this area. I can't believe it's all going to go for naught. I mean, we saw a lot of money spent in the late 1990s on internet and dotcoms and all that. The internet's still here, but the dotcoms are gone.With regards to the government policies, I have this very simplistic view that it's amazing how well this country has done despite Washington. Washington just keeps meddling and meddling, it just keeps picking our pockets, keeps interfering, comes up with industrial policies that, to a large extent, don't work. And yet, the economy continues to do well because working stiffs like you and me and people listening in, that's what we do for a living: we work. We don't have time for politics. So the politicians have plenty of time to figure out how to pick our pockets. Well, we have to just figure out, “Okay, given their meddling, how do we make our businesses better, notwithstanding these challenges.” Maybe it's really more my hope that we somehow in the private sector figure out how to keep doing what we're doing so well, including increasing productivity, in the face of the challenges that the government poses with its policies.But then, if we are successful in the private sector at creating good productivity growth that gives you better real GDP growth, that real growth is one way to reduce the debt burden. It doesn't make it go away and it would be a lot better if we didn't have it, but some of these projections of how this debt is going to eat us all up may be too pessimistic about their assumptions for economic growth. But look… I guess I had a happy childhood, so I tend to be an optimist, but I can't say anything good at all about this deficit problem. And we did get a little glimpse in August, September, October, of what happens when the bond market starts to worry about something like supply. It worried about it for three months, and then lower inflation and less supply of long-term bonds helped to rally the bond market. But here we are back at four and a half percent, and if we do have some more fears about inflation coming back, then we could very well have a debt crisis more imminently. People like Ray Dalio has been saying that we're under verge of getting it. I think it's an issue, but I don't think it's an issue that's going to be calamitous at this time.The problems people talk about, you have the skepticism about free enterprise, or the skepticism about trade, and immigration. I would like to see what this country looks like in 2030 with the economic scenario you've just outlined: Strong real wage growth. Maybe it's too simplistic, but I think people being able to see in their everyday lives, big gains year after year, I think the national mood would be considerably different.Well, I think, even now, if you look at real consumption per household, it's $128,000, it's at an all-time record high. And yeah, I guess the rich might be gluttons and might eat more than the rest of us, and maybe they have bigger and more houses and cars, but there just aren't enough of them to really explain how it could possibly be that real consumption per household is at an all-time record high. And I know that's materialistic, but I can't think of a better way to measure the standard of living than looking at real consumption per household: All-time record high.Faster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Micro Reads▶ Business/ EconomicsMeta, in Its Biggest A.I. Push, Places Smart Assistants Across its Apps - NYTGoogle streamlines structure to speed up AI efforts - FTTesla's Layoffs Won't Solve Its Growing Pains - Wired▶ PolicyPut Growth Back on the Political Agenda - WSJRegulate AI? How US, EU and China Are Going About It - BbergThree ways the US could help universities compete with tech companies on AI innovation - MIT▶ AI/DigitalThe AI race is generating a dual reality - FTSearching for the Next Big AI Breakthrough at the TED Conference - BbergThese photos show AI used to reinterpret centuries-old graffiti - NSEnvironmental Damage Could Cost You a Fifth of Your Income Over the Next 25 Years - WiredAI now surpasses humans in almost all performance benchmarks - New Atlas▶ Biotech/HealthA new understanding of tinnitus and deafness could help reverse both - New ScientistBeyond Neuralink: Meet the other companies developing brain-computer interfaces - MIT▶ RoboticsHello, Electric Atlas: Boston Dynamics introduces a fully electric humanoid robot that “exceeds human performance” - IEEE Spectrum▶ Space/TransportationNASA may alter Artemis III to have Starship and Orion dock in low-Earth orbit - Ars▶ Up Wing/Down WingTechnological risks are not the end of the world - Science▶ Substacks/NewslettersFive things to be optimistic about in America today - NoahpinionWho Governs the Internet? - HyperdimensionalMeta is Surprisingly Relevant in Generative AI - AI SupremacyLarry Summers isn't worried about secular stagnation anymore - Slow BoringFaster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC
E120: Rohit Sood (Partner, Bertelsmann India Investments)

The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC

Play Episode Listen Later Jun 26, 2023 73:42


Rohit Sood is the Partner at Bertelsmann India Investments (BII), an investment firm that invests in companies in the digital, education, media, and services sectors. The firm also focuses on early-stage, as well as growth-stage investments. Rohit was the founding team member and has been part of Bertelsmann from Day 0 having seen the growth of the fund over the last decade as well played an instrumental part in shaping India's startup ecosystem. Prior to Bertelsmann, he spent some time at Deutche Bank and holds an MBA from IIM-Kohzikode with a Bachelors from IIT Delhi. . . . Episode Notes: Intro (1:50) Why did Rohit pick a career in venture (3:42) Trading vs venture capital (7:30) Indian growth story: 2010-present (10:37) Learnings from backing companies that haven't scaled as per expectations (16:10) How does Berterslman conduct its post mortem on startups (20:40) How does one build a great working relationship with their portfolio founders and guide them (28:06) How and what do investors mean when they talk about market? (32:42) Can the market be manipulated (35:42) Thoughts on investing in the ‘Valley of death' (41:15) Exits for VCs (50:10) Insights from investing in winners (54:50) What can we expect from India in the coming years (1:03:01) How has Rohit evolved as an investor over the years (1:07:30) . . . Social Links: BII on Twitter: https://twitter.com/biifund Rohit on Twitter: https://twitter.com/doostihor Podcast on Twitter: https://twitter.com/thedesi_vc Akash Bhat on Twitter: https://twitter.com/bhatvakash Podcast on Instagram: https://instagram.com/thedesivc Akash Bhat on Instagram: https://instagram.com/bhatvakash 

On The Brink with Castle Island
Weekly Roundup 06/23/23 (FTX and K5 clawbacks, Prime Trust chaos, ETF frenzy) (EP.433)

On The Brink with Castle Island

Play Episode Listen Later Jun 23, 2023 39:41


Matt and Nic are back for another week of news and deals. In this episode:  Bitcoin hits 30k Wyoming's stable token developments The story behind FTX's mammoth $500m outflow to K5 global Why was SBF spending hundreds of millions cozying up to talent agents? Do Kwon will spend 4 months in jail in Montenegro The Bitgo Prime Trust acquisition falls apart Deutche Bank applies for a crypto license in Germany EDX officially launches Blackrock files for their ETF and others follow Our theory for why Blackrock is filing now Is the SEC back-channeling to Blackrock? Was surveillance sharing really a blocker for other ETF applications? Does the notion of spot market surveillance even make sense for a global commodity? What's the deal with the Bitcoin bathhouse in Brooklyn? Sponsor notes:  Coin Metrics STATE OF THE NETWORK - The Signal & the Nonce, Re-imagined In this issue of State of the Network, we showcase a novel analysis that sheds light on Bitcoins energy consumption, efficiency and e-waste

Cinco continentes
Cinco continentes-Comienza la Cumbre Iberoamericana

Cinco continentes

Play Episode Listen Later Mar 24, 2023 43:10


Comienza en República Dominicana la Cumbre Iberoamericana de Jefes de Estado y de Gobierno con una agenda centrada en los retos medioambientales para la región, la digitalización y la arquitectura financiera. Hoy último día de la Cumbre Europea que se ha visto salpicada por el desplome en bolsa del Deutche Bank. Tercera reunión en Caracas de los presidentes de Colombia y Venezuela. Analizamos sobre el terreno la crisis económica en Túnez y conocemos el informe de la ONU que acusa a Ucrania y Rusia de cometer crímenes de guerra contra los prisioneros de guerra del enemigo. Escuchar audio

Hora 25
Hora 25 de los negocios | Gana la banca

Hora 25

Play Episode Listen Later Oct 26, 2022 21:46


La cascada de resultados empresariales evidencia que el sector bancario es uno de los grandes ganadores de la crisis. Deutche Bank obtiene su mayor beneficio desde 2006, Barclays gana 1.970 millones de libras en tres meses y el banco Santander consigue su mayor beneficio de la historia para los primeros 9 meses del año. Debatimos si es el momento de gravar a la banca con impuestos especiales con José Moisés Martín, de Economistas Frente a la Crisis; y Santiago Carbó, de FUNCAS. 

Hora 25 de los negocios
Hora 25 de los negocios | Gana la banca

Hora 25 de los negocios

Play Episode Listen Later Oct 26, 2022 21:46


La cascada de resultados empresariales evidencia que el sector bancario es uno de los grandes ganadores de la crisis. Deutche Bank obtiene su mayor beneficio desde 2006, Barclays gana 1.970 millones de libras en tres meses y el banco Santander consigue su mayor beneficio de la historia para los primeros 9 meses del año. Debatimos si es el momento de gravar a la banca con impuestos especiales con José Moisés Martín, de Economistas Frente a la Crisis; y Santiago Carbó, de FUNCAS. 

Daily Stock Picks
Don't sell this rally - should you buy Netflix before earnings? Market update 7-18-22

Daily Stock Picks

Play Episode Listen Later Jul 18, 2022 56:33


Tom Lee was on CNBC Friday and said "Don't sell the rally". I'm not sure it's going to be that strong here, but earnings seem to be good. Covid is back in the news so keep an eye on $MRNA - it's strong now - but look for pullbacks $C was a great call on Friday way up. Still trading at about half of book value - so it's still got room to run. $BAC earnings - buy under $40 - sell over $40 $XLV $UNH $WGA $CVS - I go over these - but healthcare is a strong sector $UCO - back up - oil is going to be strong here. Remember oil is tied to $DVN $OXY $CVX $XOM $FANG $BOIL has been CRAZY - $KOLD had a great run - now time for Nat Gas to rise in price. $COST - great retailer - buy under $500 - sell over - $M is a great retailer with earnings coming up $AAPL - great run of recent. It's strong heading in to earnings $NFLX - careful with this one but it might be worth buying before earnings tomorrow. $TQQQ has been a great trade - I've day traded it. My day trade for a strong market is $TQQQ - for weak markets continue to look at $SPXU $SQQQ $UVXY $TSLA - under $700 buy - over - sell - upgraded to a buy at $1k price target and Deutche Bank says buy before earnings on Wednesday $TWTR - I like the risk going in to the court case $ORCL - strong steady tech between $70 and $90 $CLF - close to $15 again - I like it heading in to earnings but costs could kill this $OXY - is Buffett going to take this private? $GOEV - hype play $GS - should have gotten it under $300 at book value $NVDA - always a good time to buy for long term $GOOG - split went through - 20-1 - look for short term pop --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/dailystockpick/support

CRYPTO 101
Ep. 368 - From An Investment Firm Perspective with Annabelle Huang from Amber Group

CRYPTO 101

Play Episode Listen Later Apr 7, 2021 26:53


In this episode of CRYPTO 101, brought to you by StopSIMSwaps.com, we spoke with Annabelle Huang from Amber Group about how an investment firm handles huge volumes of money for their clients, and how they think about making profits in the crypto industry. A professional investment firm has so many different goals and risks to manage compared to the retail trader. We learned some strategies implemented that help make consistent returns on large sums of money. It is important to understand how the whales swim so the rest of us are not swept up in the current, and perhaps can ride along with their momentum. Annabelle used to work for Deutche Bank before coming to the crypto industry. Her professional background is extremely impressive, but she has chosen to take her talents to crypto. She tells us why she feels this is the best place to be, and one of her favorite projects to keep an eye on... And it just so happens that it's a project that Bryce has actually been talking about in our coaching calls for over a year now. Sponsored link: https://stopsimswaps.com Guest Links: https://www.ambergroup.io/ https://twitter.com/_annabellehuang Show Links: https://CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2021 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

CRYPTO 101: with Matthew Aaron
Ep. 368 - From An Investment Firm Perspective with Annabelle Huang from Amber Group

CRYPTO 101: with Matthew Aaron

Play Episode Listen Later Apr 7, 2021 26:53


In this episode of CRYPTO 101, brought to you by StopSIMSwaps.com, we spoke with Annabelle Huang from Amber Group about how an investment firm handles huge volumes of money for their clients, and how they think about making profits in the crypto industry. A professional investment firm has so many different goals and risks to manage compared to the retail trader. We learned some strategies implemented that help make consistent returns on large sums of money. It is important to understand how the whales swim so the rest of us are not swept up in the current, and perhaps can ride along with their momentum. Annabelle used to work for Deutche Bank before coming to the crypto industry. Her professional background is extremely impressive, but she has chosen to take her talents to crypto. She tells us why she feels this is the best place to be, and one of her favorite projects to keep an eye on... And it just so happens that it’s a project that Bryce has actually been talking about in our coaching calls for over a year now. Sponsored link: https://stopsimswaps.com Guest Links: https://www.ambergroup.io/ https://twitter.com/_annabellehuang Show Links: https://CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2021 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

Steve Forbes: What's Ahead
Spotlight: Could You Be Taxed For Working From Home?

Steve Forbes: What's Ahead

Play Episode Listen Later Nov 17, 2020 3:05


The pandemic has given tens of millions of people a taste of working from home, but new taxes for stay-at-home workers may be coming! Steve Forbes on how politicians are quietly eyeing a new tax to hit at-home workers and on just how much it could cost you. Steve Forbes shares his What’s Ahead Spotlights each Tuesday and full podcast episodes each Friday.

Bitcoin Fixes This
Bitcoin Fixes This #3: Banking with Parker Lewis

Bitcoin Fixes This

Play Episode Listen Later Jul 30, 2020 70:06


Parker Lewis is the Head of Business Development at Unchained Capital. We talk about one of the greatest lies about money out there, how incentives are misaligned in the financial system and how Bitcoin changes the management of money. Parker also tells us his story of how he learned about the Fed and Bitcoin coming from a background of investment banking at Deutche Bank.

TAP Snaps
Ep. 106 - Senator Kelly Leoffler, Trump Sends in the Clowns, and Ghislaine Maxwell isn't dead yet.

TAP Snaps

Play Episode Listen Later Jul 23, 2020 59:22


This week the boys dive into some controversial statements made by Senator Kelly Leoffler in regard to BLM and its representation in the WNBA. Then we move into Trump sending and threatening to send more 'law enforcement' into cities still experiencing protests, and finally we discuss an emerging story about a mens right activist gunning down a judges son. A judge that just so happened to have recently been assigned a case against Deutche Bank and their involvement with Jeffrey Epstein. ___________________________________ Articles:

(EA) Eternal Affairs TRUTH Radio
Truthful Unbiased News: Hate Hoaxes in Oregon, Ghislaine Maxwell & More w/ Dan Hennen on EA TRUTH Radio

(EA) Eternal Affairs TRUTH Radio

Play Episode Listen Later Jul 14, 2020 29:39


Week In Review with Host Dan Hennen - Hate Hoaxes in Oregon and Texas A&M, Ghislaine Maxwell and More!This is Dan's show from July 12, 2020Dan provides commentary and analysis regarding news from this past week. Topics include President Trump, Bubba Wallace, Prince Andrew, Deutche Bank, Kanye West, Ilhan Omar, Roger Stone and the Phoenix Mayor that placed "orders" for refrigerated trucks to arrive at a hospital, but that story was not true.An Oregon politician admitted to sending himself "racist hate letters" in an attempt to race-bait. A similar activity took place at Texas A&M, where a student found racist notes found on his car...surveillance later showed he was the culprit.The State of California releases more criminals, and Trump says "no" to a request from the State of Minnesota to help "rebuild" the city.Benjamin Keogh, Mike Savage and General Flynn also are mentioned in this episode.* Please consider DONATING to support our Highly Censored, Independent Media Operation & End Times Ministry!!! * Visit our Online Store! * Obtain 1-FREE month of Virtual Shield VPN! and don't forget to stand for your Conservative Values with every call you make w/ PatriotMobile.com - tell them Curtis R Bizelli sent you! Support the show (https://donate.eamedia.online)

DREAM. THINK. DO.
5 Steps to Overcome Burnout

DREAM. THINK. DO.

Play Episode Listen Later Mar 31, 2020 40:45


We're talking to Rahaf Harfoush about how to identify the signs of burnout (because it can sneak up on you) and we dig into some powerful and unorthodox ways to beat it.  Rahaf is a Digital Anthropologist, Best Selling Author, and Executive Director of the Red Thread Institute for Digital Culture. Rahaf Harfoush 's latest book is called “Hustle and Float.” In it, she shows us that a lot of what we've been told about “work-life” balance is wrong… but more importantly… she shows us a better way to maximize our day… our creativity… and most importantly… our lives.  She came by this truth the hard way but getting blindsided by extreme burnout a few years ago. So we talk about how it almost killed her career and how she fought back and how she learned to “float” too. It's a beautiful, raw, and powerful conversation with some great insights, good stories, and practical strategies you can start using today!     Listen To The Podcast:     Rahaf Harfoush RESOURCES: Book: Hustle & Float - reclaim your creativity and thrive in a world obsessed with work. Twitter: www.Twitter.com/rahafharfoush    Website: www.Rahafharfoush.com Instagram: www.instagram.com/foushy    MORE INFO ABOUT THE EPISODE:   Wow… I don't know if there's been a better time to talk about ways to avoid burnout.   Seriously… right now… as we're getting bombarded with all sorts of headlines and updates on a global scale.  Many are working from home… for the first time. Because of all of this… some of those normal boundaries of a “normal” workday are out the window… and many are asked to do more with less.  So yes… the potential for burnout is a very real thing.  Maybe now more than ever. That's why I wanted to bring on an expert… both because she's studied the subject in depth… and because she's lived through a brutal first-hand experience which almost ended a career she loved… and it felt like it stripped away the very thing she'd always felt called to do. As the Executive Director of the Red Thread Institute of Digital Culture, Rahaf Harfoush leads a team of researchers in exploring the implications of the world's digital culture on our lives – from the way we date and parent, to the way we travel, work, and stay informed. She helps organizations like the Starwood Capital Group, Deutche Bank, Estée Lauder, L'Oreal, and ING Direct… to name a few.  And her writing has been featured in Wired, The Globe and Mail, Fast Company, and many more. Rahaf and her husband Jesse along with their puppy named Pixel live in France… but we got to meet for coffee in LA… when we were both there recently for speaking gigs.   I found her absolutely fascinating… and she's a true DREAM THINK DOer. so I wanted to bring her on the show!  And since she's all about helping us navigate the bombardment of information… AND avoid burnout in these wild times… I thought it was THE perfect time to have her on.   SHOW NOTES AND TIMES: 0:02 What to expect today! 1:35 Meet Rahaf 8:02 How Rahaf is passionate about the topic of burnout 12:07 How burnout affected Rahaf 16:45 How Rahaf overcame burn out 21:20 Tips for avoiding burnout 25:30 What does success look like to you? 27:20 Creating time to be still 32:04 You are more than what you do 36:18 How to connect with Rahaf 37:04 Wisdom of the week 38:20 Mitch's biggest takeaways   WE WANT TO HEAR FROM YOU! Let me know what stood out to you from this episode?  What's something you're going to try based on Rahaf's story and strategies?  I'd love to hear from YOU! Leave a comment below and let's keep this important conversation going.   Listen to Mitch Mattews Top Podcast here  

Heise Says
Deutsche Banks is only the first

Heise Says

Play Episode Listen Later Jul 9, 2019 11:20


With Deutsche Bank firing 18,000 people one must ask, is this only the beginning? How will it affect the Australian banking sector?

Crushing Debt Podcast
Episode 163 - Dumb Things Banks Do

Crushing Debt Podcast

Play Episode Listen Later Apr 25, 2019 25:01


I've been saving up stories of banks (and their attorneys) doing things that make no sense, or doing things that are plain dumb. For example: Wells Fargo arguing with me over getting paid $30 too much in a short sale. Opposing counsel requiring an affidavit to cancel a sale on a loan that was paid off in full. Deutche Bank cancelling a sale to do a loan modification on a house the client wanted to give up back to the bank. Ocwen's representative lying at mediation. What dumb things have you seen banks do? Please share your stories at Shawn@YesnerLaw.com or www.YesnerLaw.com.  Also remember to visit our sponsor, Elliott Wealth Management Services for your free 15-minute life insurance checkup at www.ElliottWealth.com.  

PodCasts – McAlvany Weekly Commentary
Is Deutche Bank the Next Lehman? – Hillary Hopes Not

PodCasts – McAlvany Weekly Commentary

Play Episode Listen Later Oct 5, 2016


McAlvany Weekly Commentary About this week's show: “Establishment” will try to defer and delay crises until after the election Deutche Bank could trigger 2008 again, or just be “settled” quietly An offer you can't refuse…Italian 50 year bonds (and a horse head in bed) The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “In essence we went […] The post Is Deutche Bank the Next Lehman? – Hillary Hopes Not appeared first on McAlvany Weekly Commentary.

Nyhetsmorgen
03.10.2016 Nyhetsmorgen

Nyhetsmorgen

Play Episode Listen Later Oct 3, 2016 87:00


* Fredsavtalen skulle gjøre slutt på en 52 år lang konflikt. Vi spør hvorfor folket i Colombia sa nei. ** Donald Trump har unngått i betale føderal inntektsskatt i 18 år, viser avsløringer i New York Times. ** Bombing av sykehus i krigsområder markeres med ett minutts stillhet over hele Norge i dag. ** Krisen i en av verdens største investeringbanker, Deutche Bank, gir betydelig uro i finansmarkedene, også i Norge.

PodCasts – McAlvany Weekly Commentary
Common Man is “Mad as Hell & Not Going to Take Anymore”!

PodCasts – McAlvany Weekly Commentary

Play Episode Listen Later Sep 7, 2016


McAlvany Weekly Commentary About this week's show: ObamaCare now unaffordable for the people it was designed to help France looking at Brexit and thinking “should we Frexit”? Deutche Bank analysts conclude “Gold should be $1700 right now” The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “When the mass is moving a certain direction, try to stand […] The post Common Man is “Mad as Hell & Not Going to Take Anymore”! appeared first on McAlvany Weekly Commentary.

Wall St For Main St
Willem Middelkoop: Global Economy Continues to De-Dollarize

Wall St For Main St

Play Episode Listen Later Feb 24, 2016 24:18


Jason Burack of Wall St for Main St interviewed returning guest, best selling author of the book, The Big Reset, http://www.thebigresetblog.com/ about the changing global economy and commodities fund manager, http://www.cdfund.com/ Willem Middelkoop. During this 20+ minute interview, Jason first asks Willem about whether another 2008 style banking crisis is happening as we see the share prices of bank stocks including Deutche Bank fall to levels not seen since 2008. Willem thinks a banking crisis is happening as there's over $1 trillion according to his estimates of bad oil and energy loan debts the banks can't write off or absorb that will mean banks are nationalized, bailed out or go bankrupt. Willem thinks this can be worse than the 2008 crash as this is a global problem of banks going bankrupt as many gave out enormous amounts of oil and energy loans.Jason asks a follow up question if Willem thinks there's good value for oil stocks that don't have a lot of debt because Willem manages money and invests heavily in resource stocks with his Commodities Discovery Fund. Willem thinks there's lots of opportunities to make good investments in oil if people know where to look but many oil companies won't survive oil prices this low. Next, Jason asks Willem about the US Dollar's status as the world's reserve currency (WRC) and the petrodollar with the RMB slated to go into the International Monetary Fund's (IMF) special drawing rights (SDR) basket towards the end of 2016 and what effects this will have on the global economy. Willem says many countries are already doing currency swaps and bilateral trade agreements outside the US Dollar and that the process of the global economy "de-dollarizing" will continue unabated. Willem doesn't know how long the process will take but that the process is not going to stop. Next, Jason asks Willem about the rally in gold and silver prices and whether the cyclical bear market in US Dollar terms for gold and silver is over? Willem says he believes the bear market is over although there will be corrections and volatility along the way as precious metals prices move higher. Willem thinks there's really good value in select gold and silver stocks. Finally, to wrap up the interview Jason asks Willem if in 10 years they will look back and be amazed at how the powers that be (TPTB) have been able to keep the game going and prop up asset prices and create more asset bubbles and credit bubbles without the US losing the WRC? Willem thinks the global economy is not ready just yet to completely abandon the US Dollar but there's no need to keep nearly as many US Dollar reserves globally. Willem also thinks there's a high probability of a US stock market crash in the near future and that large amounts of managed money on Wall St is slowly moving large amounts of capital into precious metal related investments building positions for the next leg of the bull market in precious metals to continue higher after this long bear market has finally ended.

Wall St For Main St
Welcome to Dystopia Episode 10: Crony Capitalists/Warmongers of the World, Unite!!

Wall St For Main St

Play Episode Listen Later Oct 19, 2015 108:10


Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for Episode #10 of the Welcome to Dystopia podcast! This is a long episode over 90 minutes. In this episode, Jason and Eric discuss:1) Glencore, base metals collapsing and emerging markets potentially collapsing2) China globalizing the Yuan even more with another new infrastructure system for the next global financial system https://www.rt.com/business/318103-china-payment-system-yuan/3) Deutche Bank http://thenewsdoctors.com/a-liquidity-crisis-hit-the-banking-system-in-september-dave-kranzler/4) The CME permanently banning 3 small HFT traders for manipulating gold and silver markets http://www.bloomberg.com/news/articles/2015-10-12/cme-group-permanently-bars-three-traders-for-exchange-violations5) The current bear market rally in stocks and how it probably won't last and how capital is being rotated into gold and silver stocksJason and Eric also discuss the Doctors Without Borders being bombed in Afghanistan after the US military built the building.