Podcasts about direct investments

We all love winners. We love hearing about the big wins and the perfect track records. It feels good. It feels safe. It instills us with a sense of trust. But I've been in business long enough to know that virtually all individuals who are long-term winners have had profound moments of failure from which they learned invaluable lessons. Those are the people I really want to hear from. They have the kind of knowledge we all need as we navigate through life. It's called wisdom. Surgeons have a saying: “If you've never had a complication, you haven't done enough surgery.” In my surgeon days, I had a handful of complications. Let me tell you—they are no fun. You stay up at night replaying things in your mind, trying to figure out how you could have done things differently—how you could have had a better outcome. Even when unavoidable, those complications teach you something you'll never get from textbooks. It's been no different for me when it comes to business and investing. But I take comfort in knowing that even the greatest investors of all time had their moments of failure and rose from the ashes stronger and wiser. Warren Buffett. Ray Dalio. Every big winner has a story of failure. And while it may be cliché to say that we learn best from mistakes, I truly believe it. The good news is that those mistakes don't have to be our own. Learning from other people's mistakes can be just as effective. This week's episode of the Wealth Formula Podcast is with Russell Gray—a guy many of you already know from his podcasting and radio career. Russ lived through 2008 up close. He took a beating, and he talks openly about what went wrong. But that period also changed the way he sees the world—in a good way. It changed how he thinks about risk, leverage, and what actually matters when things stop going up. That mindset is a big reason he's been successful since then. It's a conversation worth your time. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  If you let the debt run, at some point you fall into a debt trap where the interest on the outstanding debt consumes all of the available discretionary income, and then you’re borrowing just to service the debt. Welcome everybody. This is Buck Joffrey with the Wealth Formula Podcast coming to you from Montecito, California. Before we begin today, I wanna remind you there’s website associated with this. Podcast called wealthformula.com. It’s where you will go if you would like to, uh, become more, uh, ingrained with the community, including getting on some of our lists such as the Accredit Investor Club. Of course, it is a new year and there are new deal flows coming through. Lots of opportunities that you won’t see anywhere else if you are a, an accredit investor, which means you. Make at least $200,000 per year for the last couple years with a reasonable expectation of doing so in the future. That’s 300,000 if you’re filing jointly or you have a million dollars of net worth outside of your personal residence. If you, uh, meet those criteria, you are an accredited investor. Congratulations. You don’t have to apply for anything, whatever, but you do need to go to wealthformula.com. Sign up for the Accredited Investor Club, get onboarded. And all you do at that point is look at deal flow, and if nothing else, you’ll learn something. So check it out. And who doesn’t want to be part of a club? Now let’s talk, uh, a little bit about today’s show. You know, um, we all love winners, right? We love hearing about big wins, the perfect track record. It feels good. It feels safe, gives us a sense of trust. But the thing is, I’ve been in business long enough to know that virtually all individuals who are, what you would call long-term winners, have had profound moments of failure from which they learned, um, invaluable lessons. So those are the people that I really like to hear from. You know, they have the kind of knowledge we all need that as we navigate through all of life, and it’s called wisdom. Um, surgeons, as you know, I’m an ex surgeon. Have a saying, if you’ve never had a complication, you haven’t done enough surgery. Uh, in my surgery days, I certainly, you know, had a handful of complications just like anyone else who did a lot of surgery. And, and lemme tell you, there, there are no fun, right? So you stay up at night replying things in your mind, trying to figure out how you could have done things differently, how you could have had a better outcome. And sometimes you realize that those mistakes were unavoidable, but. You still learn something from them. And in these cases, you always learn something that you’re not gonna get from the textbooks, just from reading something. And you know what, it’s been no different for me when it comes to business and, and investing, but I, I take comfort in the fact, uh, that even the greatest investors of all time had their moments of failure and arose from the ashes stronger and wiser. All you have to do is look up stories of Warren Buffet and Ray Dalio. And Ray Dalio basically lost everything at one point, uh, because he, you know, he had a macro prediction that went completely south. But listen, uh, the, the point I’m trying to make here is that every big winner, every big winner I know of as a story of failure. And while it may be cliche to say, you know what we learned best from our mistakes, I, I truly believe that. But the good news is that those mistakes don’t have to be our own, right? So you can learn from other people’s mistakes as well, and that can be just as effective. Uh, so this week’s episode of Well, formula Podcast is featuring a guy that you may know. His name is Russell Gray. Russ, uh, has been around a long time, uh, in the podcasting world. And radio. You know, he talks a lot. He’s talked many times to me at least about living through 2008. And you know what that was like, the beating he took and, you know, what went wrong? Uh, you know, it’s, it’s something that he talks about because, you know, he’s a successful guy and that period in time changed. You know, the way he sees the world, the way in which he behaves in that world. How he thinks about things like risk and leverage and you know, what actually matters when things stop going up. Uh, it’s a mindset thing and it’s important. Um, and we also obviously talk about other things as well, such as, uh, Russ’s current take on the economy. Uh, so anyway, it’s a, a good conversation and it’s one that you’re gonna wanna listen to, and we’ll have that for you right after these messages. 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Welcome back to Show Everyone. Today my guest on Wealth Formula podcast is Russell Gray. He’s a second generation financial strategist and, uh, you may know him from being a, the former co-host of the Real Estate Guy Radio Show, which is one of the longest running, uh, uh, radio shows of its time, uh, in the United States. He’s, he’s a founder of. Raising Capitalist project, which is an initiative focused on helping aspiring investors and entrepreneurs how to better understand how wealth is actually created and how uh, economic systems really work. Uh, he’s best known for his emphasis on real assets, cash flow, economic cycles, and preserving wealth and what he views as an increasingly fragile financial system. Welcome, Ross. How are you? Good buck, happy to be here. And, uh, proud of your success on your show. I remember way back at the beginning you were like, Hey, I wanna start a podcast. Yeah. Yep. You’ve done a great job. Yeah, it was an idea. I was like, here’s the idea. Start a podcast, build a community, all that kind of stuff. But it’s interesting. Uh, well, and let’s talk about what’s going on now. You’ve spent decades teaching people about, you know, real assets and cash flow. But lately your writings feel more focused on systems and and macro forces. So what’s changed? Has something finally become too big to ignore? Well, I think there’s two things you know personally, uh, most people who have heard of me or followed me know that 2008 wasn’t kind to me. I was in the mortgage business. I was very leveraged into real estate all over the place. Had my businesses for cash flow, had the real estate for equity growth. Believed that real estate was hyper resilient and gonna be the beneficiary of inflation. Didn’t understand the dependency on credit markets in both my business and my portfolio. And so that was a big mess, not doing, uh, a real SWOT analysis and understanding. And the third part of that, that was tough, is that I operated the business primarily on credit lines as well. So I had virtually no cash. And so when the credit markets seized up. Canceled my income, it canceled my credit lines and it evaporated my equity. And now all I had was negative cash flow on debt, on real estate. I couldn’t control. And so I looked at that and I said to myself, you know, I’m a pretty smart guy. I. Pride myself on paying attention. So obviously I’m not paying attention to the right thing. So I became obsessed with the macro, uh, picture and, and the financial system, which, you know, to me it’s, it’s the macro economy is what’s going on with, uh. Geopolitics and the energy and, you know, even policy, uh, that affects, uh, how well money can flow through the system. Both monetary policy from the Federal Reserve and fiscal policy from the government now today in the Trump administration trade policy. And so I began to pay attention to all those things, but from the standpoint of not how it was gonna affect the stock market, but how it was gonna affect the bond market and interest rates and the availability of credit, and how it was gonna affect Main Street. Directly and specifically now in terms of jobs and job creation are real wages. And so when I started really looking at all that, um, I, I, I realized that there were some things happening that were gonna be really good, and there were also some things that we needed to pay attention to. And these things move very slowly. So in 2010. I saw that coming outta the financial crisis, the Chinese were very upset with the United States about how much the Fed Balance sheet was expanding, and they were concerned about their very large investment in US dollar denominated. Bonds, and so they began creating bilateral trade agreements with Russia and many other countries to where they could begin this large process of de Dollarizing. Well, that was the first time I’d seen that movie, because it was the same thing that the Europeans did after they saw the Nixon default. Right? They began working on the Euro, which took ’em from 71, 72 when they started, maybe 74 when they started, but it took ’em till 99 to get it done. But you know, once they got it in place, over time, the Euro, the Euro has taken over 20% of global trade. You know, that’s market share from the US dollar. And so I saw this BrickX thing beginning to form. Uh, and then I saw the other thing on the macro that I thought was gonna be really good was in the jobs act, something you’ve benefited from as a syndicator, we. I wrote that report, new law breaks Wall Street Monopoly. And so, uh, even though I, I can’t tell you I was a big fan of Barack Obama, but he signed that legislation that happened on his watch. And I think it was fantastic because now it allowed Main Street syndicators, main Street Capital raisers to advertise for accredited investors and began to really, uh, level that playing field and open up Main Street, uh, to invest directly in Main Street. And so I met you in the syndication program that we put together with the real estate guys to coach real estate investors on how to become capital raisers to, to capitalize on that trend. So that’s, you know, kind of how I kind of became doing what I’m doing. And then when I decided, uh, just about 20 months ago to depart the real estate guys, I wanted to take some of the things that I originally set out to do when I first met Robert Helms way back in the day. And, you know, as relationships go, you know, he has his interest in the things that he wants to do, and I had my interest in things I came to do. And for a long time we were aligned well enough to continue to work together. But it got to a point where, for me, I, I wanted to go off in a different direction, and part of that was driven. By the, the death of my late wife. Uh, you had me on the show right after that happened to me, and I was going through this like, who am I? Why am I here? What am I supposed to do next? What do I really want to get done before I die? And so all of those things kind of informed my personal decisions to, to make a switch. And then of course, what’s going on in the macro. Um, what I saw with Trump 1.0, what I saw in the Biden administration and those policies, and then what I thought would happen in Trump 2.0. And I did a presentation on this at the best ever conference in March of 2025, right after he’d been inaugurated. And, and so, uh, that, that’s kind of has me where I feel like there’s some real opportunity coming. Uh, there’s also some things we need to be aware of on Main Street. Yeah. So you’re bullish on Main Street in general, but you’ve been pretty cautious about the broader financial system. So, uh, what are the things that you’re worried about? Well, I, I think if you understand the way the financial system works, uh, it has a shelf life and that. It’s because it’s, it’s a system that is, depends upon ever increasing debt. Um, people say, I wanna pay the debt off, but if they, if they really understood the system, at least the way I think I understand it, uh, and I’m not alone in this, so it’s not something I just figured out on my own. But, um, you know. I, I don’t want to sit here and pretend like I’m the world’s foremost expert, but the way I understand the way the system works is that it, it requires ever increasing debt, and if we were to pay the debt off, it would collapse the system. So I think you waste a lot of time and energy and from a policy perspective, trying to argue about doing that. And I think that’s why it’s never, ever, no matter what administration, what politician, what mix of congress, what. Pressure there is everywhere globally. The system, the central banking system, the way it works globally, is designed to create ever increasing debt. So the, the flip side of that then is to let the debt run. And if you let the debt run, at some point you fall into a debt trap where the interest on the outstanding debt consumes all of the available discretionary income. And then you’re borrowing just to service the debt. Yeah, that’s about $1 trillion right now, by the way. Which is. Which is, uh, about the, the, the defense, uh, budget. Well, and I think that the bigger thing is when you look at, at the interest on the debt and mandatory spending, there’s virtually no room left after that. So if you’ve got, you’ve got the mandatory spending and you’ve got, um, debt service, you, you have very little room. So it’s not. Feasible either for two reasons. One is there’s just not enough discretionary room to be able to cut expenses enough to, to ever manage the debt. Number two, as I previously mentioned, if we were ever to effectively try to pay down the debt in any appreciable way, it would crash the the system. So the, the way I look at it is it’s, it’s, it’s got to be replaced. There’s going to be a great reset. I think the World Economic Forum was trying to set that up for the world, and they had an agenda. I’m, I’m not particularly fond of. Um, there’s been talk about creating a central bank digital currency, which I think is what, you know, the Federal Reserve and the, what I all call the wizards, uh, or the powers of B would prefer. Uh, but I think if you care about privacy and, and, you know, individual sovereignty, uh, and, and just personal freedom, um, I have a lot of concerns about a central bank digital currency. Um, I think the popularity of Bitcoin, uh, if it was, you know, and who knows what the. True origins were, but let’s just take it at face value. I think a lot of the people, at least that were the early adopters before it had the big price run up, was just a way to escape, uh, the system before it failed. And so you’ve got that. And then you’ve got, again, as I mentioned, the bricks and this global effort to de dollarize, which was I think really kicked off. After the great financial crisis and the massive expansion of the Fed’s balance sheet. And then I think picked up a little steam when we froze Russian assets and people began to see that the US might use the dollar and the dollar system, uh, for political instead of being neutral. And I think that picked up some steam. And, and so there’s, there’s both a geopolitical drive to. Uh, come up with a new system. There is, I think we’re at the end of a shelf life that some type of a new system is gonna have to be, uh, created. Uh, and, and then you look at what Donald Trump is doing and what he’s espousing. You know, let’s get rid of income taxes. Let’s get back to pulling in, uh, revenue from tariffs the way the country was originally founded. Uh, he’s talked about eliminating the IRS and going with an ERS, an external revenue service. There’s people that think that he might beat. Wanting to try to get back on some form of sound money, you know, coming out of, Hey, let’s audit the Fed, let’s audit the gold. I mean, let’s audit the gold. And, um, so, you know, we, you, you never know what what’s really gonna happen, but, but I think what we have to pay attention to are the signs that the system is beginning to break down. And one of those signs that I pay a lot of attention to is monetary, metals, gold and silver. I make a distinction between precious metals, which would also include platinum and palladium, and of course they’re strategic metals, but I just focus on monetary metals, which would be gold and silver, and gold and silver. We’re telling you that people would prefer to be the, the, the safe ha haven asset is no longer us treasuries, but, um, but, but gold and central banks have been driving a lot of it. This isn’t the retail market driving it yet. It, it’s really central banks have been accumulating. And so those are the ultimate insiders when it comes to currency. And if the insiders in the currency markets are repositioning into gold, uh, I’d, I’d call that a clue. Yeah, absolutely. Um. Yeah. You recently commented on the public criticism, president Donald Trump made toward, uh, uh, Peter Schiff. What stood out to you about that exchange? Maybe give us some background people. Not everybody knows who Peter is and, and, uh. And all that. So, yeah. Well, I mean, as you know, I’ve known Peter for 12 or 13 years and, uh, I had read his father’s work way back in the day. He is a very famous in the tax protestor world as somebody who just believed that income taxes were unconstitutional. And he resisted that and ended up going to jail for, died in jail as a matter of fact. And so that was, uh, I think sad. Um. But, but to me it felt like a little bit of being a political prisoner, but be that as it may, that’s how I got to know Peter. And so Peter is a guy that comes from the Austrian School of Economics and he believes in sound money. He believes in gold. He does not like Bitcoin. I’ve sat on panels the last two years with Peter, uh, in between him and Larry Lepard. And you know, Larry is a, a former gold guy. He’s still not opposed to gold, but he’s a hardcore sound money guy. But he likes Bitcoin. Peter hates Bitcoin and they get into it, and I usually sit in between ’em and try to keep things calm. Well, you know, so Peter ended up going on Fox and Friends, uh, I think on whatever it was, Friday the eighth I think it was, or whatever, whatever day that was. And he, he criticized Donald Trump’s spending. And, um, budget deficits and said that it would lead to inflation, and that’s a hot button for Trump. And so Trump, yeah. Uh, responded to him, uh, I think like four 30 in the morning on Saturday morning and called Peter, uh, a. Jerk and a total loser. Well, actually I saw it before Peter did, and so I took a screenshot and I texted it to him. I said, Hey, have you seen this? You know, maybe I’ll press is good press. And I think to a degree, maybe it has been me from, I understand Peter ended up on Tucker Carlson’s show as a result of that. So, but I made a video right after that because I, you know, there was a time when. I’m friends with Peter Schiff and I’m friends with Robert Kiyosaki. As you know, I, we introduced you to both those guys and, and at one point they didn’t like each other very much. They got into it ’cause, you know, and, and so we introduced ’em to each other and found that they had more in common than they, they didn’t. And I, I think that that would be true. Not that I’m in a position to introduce Peter to, to Donald Trump, but I think the way Peter is looking at it is true. Um, but there’s context and I think the context is super important. Now I’ve been studying Donald Trump as a businessman way before he was a presidential candidate or a politician, you know, before he was a polarizing guy, a pariah for some people. He, he was just this real estate guy. He’s good at marketing, he’s a real estate guy, and as you know. We got to know his longtime attorney, George Ross. And so I’ve had a chance to have conversations about what it was like working with Donald Trump, the real estate guy, and when he became a politician, I asked George, is he a crazy man? Does he shoot from the hip? And you know, I got a lot of reassurances that he is a sober sound. Methodical, self-disciplined guy and, and I think he uses the eroticism to keep people off balance as a negotiating tactic. And he writes about that in the art of the deal. So the context that I think that people need to have, and I’m not here to defend Donald Trump, the man. I’m not here to defend Donald Trump, the politician, but I look at the policies and what I think he’s up to in the context of realizing that we have a system that is fundamentally flawed and has to be remodeled. So to use a real estate, uh, metaphor, it would be like we have a hotel building that is very tired. It’s at the end of its life, it’s got to be remodeled, and so you can’t. Completely shut it down because it’s an operating business, so it’s gotta operate during the remodel. And so you begin to, um, reposition things and. You, you, you’re not gonna run optimally, so you’re gonna run some deficits while you’re doing the remodel. You’re gonna go into debt because you got a lot of CapEx to do, and during that period of time, your debt and deficits are gonna be a problem. But real estate guys look at debt and deficits not as a permanent condition. I think Peter is saying, Hey, you’re just running up debt and deficits. Well, in the short term he is. Honestly, I don’t think Trump is concerned about that. I think he’s focused on getting this remodel done, and part of that remodel was showed up in the last jobs report, right? We lost jobs to a degree, but they were government jobs, and what we got was a lot of gains in private sector jobs. Scott descent, his treasury secretary, has come out and overtly said, we are an administration for Main Street, not for Wall Street. So if you’re going to de financialize this economy and turn it back into a productive economy. You’re going to have to have policies that are gonna stimulate Main Street, and that’s, that’s the, the, the new units that you’ve rehabbed in your hotel that you wanna move people into. At the same time, you gotta move them outta the old units, which is people making money, trading claims on wealth instead of producing real goods and services, which is the financial ice economy. So it’s not about banking, it’s not about stocks, it’s not about Wall Street. You know, you need the stock market to stay up. But really what you need to do is you need to create production. And, and, and I think that’s fundamental. I think he understands we’re never gonna pay the debt off by cutting. We’ve got to keep the system running until we can get to some form of sound money. We’re actually paying the debt off as realistic, and then we have to earn so much money that the debt relative to our earnings shrinks. So it’s not paying down the debt, it’s paying down the percentage of GDP by growing GDP. And the presentation I did at best ever in March of 2025 was me explaining why I thought. His policies, were going to allow him to increase velocity and increase wages by cutting taxes, interest regulation, transportation costs, and, and again, that was six weeks into administration. That was theory. I’m gonna do a follow up in March of this year to say, okay, looking back when I gave the speech a year ago, what’s transpired, but I can already tell you a lot of the stuff that I thought he would do. He’s done. And I think that’s muting some of the inflation that his spending and deficits to Peter’s point are causing. And that’s why when this last CPI report came out, it wasn’t as ugly as everybody thought it would be. And, and this is when you don’t look at, when you look at it in the mono, you just look at one thing and Peter’s very fixated on this quantity of money theory. Then the expectation is that you print a bunch of money, you run a bunch of deficits, you’re gonna get inflation. And it’s just a. Equals B or A leads to B. But there are other nuances and I think Trump is looking at more like a real estate developer, which makes sense. ’cause that’s his background. Yeah, yeah, absolutely. It’s, I mean, and then the other just point to, to make there is that there is probably, um, now inflation’s a tricky thing, right? Like on the one hand you don’t want this riding up, but on the other hand, it actually helps with that debt. You’re, you’re basically eroding the debt by letting inflation ride a little bit higher at the same time. And I think the Trump administration knows that it’s a tricky thing to balance, but the goal is to, you know, get GDP pumping at, you know, four or 5%, but it’s gotta be real production buck. And that’s the difference, right? The old way of dealing with the debt was inflation. And, and I think people think that he’s using the old formula, but I don’t think he is. Well, I think it’s, I think, I think it’s definitely geared towards increasing real GDP, but I think in the process there’s probably, they probably care less a little bit. Of inflation riding up a little bit in the meantime. ’cause you’re still gonna have, I think he thinks he can mute it. I think he can mute it with lower taxes, lower interest expense, lower energy costs. And the energy is the economy. And from day one, that was the first policy. He’s, he’s aggressively gone after lowering energy costs because that has a, a, a ripple through, it just affects every area of the economy. And then the regulations in, in the last cabinet meeting. It was reported, the way I understood it, that for every regulation his administration passes, they’ve eliminated 48. So it’s actually, he’s removing the friction. And I think the bigger thing is, and I, and I was on a panel at Limitless, uh, this last summer, and TaRL, Yarborough was moderating the panel, asked the panelists what we were looking at that maybe other people weren’t looking at that. Um. You know, is, is a signal about maybe the direction it was. We, I, I can’t remember. This was a prediction panel and what I said was trade policy because everybody in finance spends all their time looking at the flow of money and trying to get in front of the flow of money. And we’re so used to the money coming from the Fed or coming from the treasury. So they’re gonna come from monetary policy or fiscal policy. And that’s what Peter’s doing. He’s looking at the Fed and he is looking at the treasury. And so what I’m looking at is not just the tariff income, which is relatively minor, but I’m looking at the trade deals, and those are published at the White House and there’s a couple trillion dollars of money that’s FDI, foreign Direct Investments coming right into Main Street. And it’s gonna build infrastructure. It’s gonna build factories. It’s good. And they tell you where it’s gonna be because they, they came back with the opportunity zones, which I thought they would do. Makes sense. It’s the way he thinks. And then taking those opportunity zones, the governors can say where in their state they want that money to go. Well, people on Wall Street don’t think geography ’cause they operate in a commodity world that trades on global exchanges. But real estate people. Geography matters a lot. So if I’m a Main Street person, I live on Main Street and I’m looking for Main Street opportunities, I wanna look where that money is going to be flowing in geographically. And then there may be opportunities in real estate or small businesses in those economies, and you can see it coming, but nobody talks about it. So I created Main Street Capitalist as a show to begin to talk about it. I still do the investor mentoring club, which is, you know. A premium thing where we get together every month and we talk about these things. And the point is, is that if you understand, I think what he’s doing, then you can, you can begin to paddle into position. And I think, again, I am really bullish if he loses inflation. If he loses to inflation, he’s cooked. He knows it. I think that that even the suggestion that Peter made that he was losing to inflation is what flared him up. And so I wasn’t trying to necessarily defend. Peter and I wasn’t trying to defend Trump, I was just trying to reconcile that it is possible that both guys could be right at the same time from their perspective. And so I, you know, I, I had one guy take exception because he felt like I was defending Trump, but for the most part, I got positive feedback on the video. I, I, I, you saw it. So you tell me. Did it make sense? Yeah, yeah, yeah. Absolutely. So when you look at today’s environment, everything going on, where do you think investors are most vulnerable? Um, I, I think that if you are very dependent upon, um, healthy credit markets, we could have a disruption. And that’s what happened to me. If Trump loses the inflation battle even for a little while, little be reflected in interest rates. And the challenge is right now that he is asked the Fed to quote unquote lower rates, but the Fed actually doesn’t like. Set rates, what they do is they set a target and then they manipulate markets to achieve those rates. And if, if people believe the fed, there’s a little bit of front running. So what’ll happen is the Fed will come out and go, oh, we’re gonna lower rates, which means bond prices are gonna go up. So they’re like, that’s great, let’s go buy a bunch of bonds, which drives rates down. So the Fed just by talking. Begins to move the market and then they hope that later on the Fed will buy those bonds from them at a profit to push rates down. Does that make sense? So, so when the last two times the Fed has raised rates in their target, the 10 year has responded in the opposite direction. Which means that the market is like not buying in, and the Fed is gonna have to step in. And when the Fed steps in, they do it by printing money out out of thin air. Now, the concern about that is that when they print the money out of thin air. If they’re replacing bonds on their own balance sheet, that’s kind of a circle and it doesn’t leak out into the economy. If they’re buying new issuance from the the treasury, then that money is gonna work its way through the government to to to main street. Now, the Trump administration can prevent some of that by keeping the money in the Treasury, for example, uh, Trump 1.0 left. The Biden administration with, I think over a trillion dollars in, in the treasury checking account, and Janet Yellen put that into the economy right away during the lockdowns, which immediately created extreme inflation because you muted production at the same time you goose. Uh. Purchasing power, you know? So anybody with like three ounces of economic understanding could have told you that that inflation was gonna come, it was gonna come hard, it was gonna come fast, and it was gonna be stickier than than you thought. ’cause once you let that money out in the economy, it’s out. It’s out and the only way to mute it is either to suck it back, which is very, very difficult, or to outproduce it, and it’s very hard to produce anything when everything’s in lockdown. So I think that, you know, those days are behind us. I think the policies that we’re embracing now are more. Pro productivity. And I think that even if the Fed does have to step in, as long as that money doesn’t leak out into the economy, and part of it is the treasury being able to throttle some of that, and the money that does go into the economy doesn’t go into stimulus, but goes into CapEx and infrastructure, that’ll actually, uh, create. Production. Then I think that, you know, this, this game plan that I think they’re trying to execute has a chance. And so I, I’m, I’m watching for it. And of course, to answer your question, what do we have to worry about that it doesn’t work? Right? If it doesn’t work, then inflation will show up. Interest rates will rise, credit markets will crash, it will take real estate values with it. And the hedge is really gonna be, what I’ve always talked about is gold. I started talking back in 2018 when we were the zero bound with interest rates. Hey, there’s only one way interest rates can go and that’s up. And if they go up fast, then that’s gonna crash bonds. So it would be smart, and that’s gonna take real estate equity with it. So it’d be smart when you have real estate equity and low rates to pull some of that equity out and move it into gold. And I called that my precious equity strategy. If I have a video I did at the Vancouver Resource Investment Conference in January of 2022, explaining that when you could still really execute on that, and I’m not saying that you couldn’t do it today, but it’s harder, but the people who did it back then, I mean, you know, they’ve, they’ve seen their gold almost triple. And at the same time, they were able to lock in interest rates that are, you know, a half what they are today. So when you see those mega trends and you can begin, and that’s the stuff I didn’t know how to do in 2006, 2007. I didn’t understand any of this stuff. The, the, you know, losing everything in 2008 forced me to become a hardcore student and then try to apply that to Main Street strategy. And so I think gold and real estate and debt, they all work really well together depending on where you are in the cycle. Do you think that Main Street investors may actually have some advantages in periods like this? Yes, a ton because I think what’s gonna happen is if we have a, um, a, a, a restructure of the financial system into something more responsible, which I think is either gonna be forced upon us or it’s gonna be done by design, and I hope we do it by design. But when that happens, then the days of just buying low and selling high and riding the inflation wave that goes away. And so now it’s gonna be very, very important to understand how to invest for. Productivity. So I call it, you know, buy low sell high trading as an acronym, B-L-S-H-T you. You can sound it out for yourself phonetically. And then the other one is poo, which is productivity of others. And I think that if people focus on investing in the productivity of others, which is what Main street investors, especially real estate investors, focus on, I think cash flow, real profits on small businesses, not speculating on. Uh, exit price or a company that’s gonna take a company public, everybody trying to tap into this giant flood of money that gets pre created from thin air in the banking system and in Wall Street. If, if, if people on Main Street will just start investing. Kind of what Kenny McElroy was doing going through 2008, just focusing on sound assets and good markets with good fundamentals. That cash flow and, and are run by good managers, whether it’s a business, an apartment building, a mobile home park, a self storage, residential assisted living doesn’t really matter. Invest in real businesses that produce real profits where you’re not overpaying for that production of income and especially where there’s some upside. Not to flipping out of the stock, but to actually growing the market share and growing the income. That’s what investing really should be. Wall Street has perverted it into just placing bets and riding a wave and trying to figure out where the money is gonna flow from the Treasury or for from Fed stimulus. And I think Main Street is gonna pick up on the new game sooner. And the good news is if you get good at playing that game, even if the system stays the same, you’re probably gonna do better off anyway. When you talk about buying, buying or investing into productive businesses, I mean, what, what’s the difference in your mind between investing in a private business versus investing in a, you know, a publicly traded business that’s run off, you know, dividends? Yeah, so I, I, I think that it could be okay if the dividend yield makes sense, but anytime you have a publicly traded security, it’s a highly liquid market, which means it’s gonna be volatile and the stocks become chips in the casinos where professional traders are just gambling all day long. And some of that gambling can create an impact on the stock, and it doesn’t matter to you if you’ve only bought it for production of income. Um. And so, uh, you know, I, I don’t think it’s bad. I’ve, you know, Peter’s always been an advocate of, uh, dividend paying stocks, and I think if you’re gonna be in the stock market, that’s what you want to do. I think the opportunity in a private placement in a small business is the opportunity not to have to pay the high multiples because it’s not a perfect market. It’s, it’s the same reason there’s so much more opportunity in real estate. If real estate could trade on an electronic exchange where. You know, millions of buyers could find it, and you could have perfect price discovery. It’s very difficult to find a deal, right? It’s very difficult. But we, if you buy a private business, you know there’s gonna be considerations. You, you deal with a, a owner. Who cares about his customers, who cares about his team, maybe would be willing to carry back the way you would if you were buying a, a, a piece of property from somebody that cares about their neighbors or whatever. I mean, there’s, there’s, there’s a lot more humanity in it. There’s a lot more room for negotiation in it. And a lot of times there’s a lot more room to have control. So, you know, one of the adages with real estate that real estate investors like is, I’m gonna buy an asset, one that I understand, two that I can control. And so when you buy a stock, like a dividend paying stock, you, you might understand the business, you may not understand completely the. Uh, market dynamics that drive the stock price. But as long as the dividends are there, that can be okay, but you don’t have any control. When you actually go buy a small business, you have a, a degree of control. Now, if you’re a passive investor buying into a syndication, then you still have a little bit more, um. Relationship, you have a little bit more insight. You maybe have a voice. You may know the people that are making the decision and running the company personally. So it’s the same thing. You know, you Buck is a syndicator. When you go do a deal, your investors know you. They have a personal relationship with you. Go buy stuff in the stock market and mutual fund managers and investor. You don’t have a relationship with that fund manager and I think that’s worth something if you have a voice right. So we’ve, we’re talking a little bit about credit markets, um, volatility, you know, interest rates. Are they gonna go down like, you know, Donald Trump would like to see, and you know, we’ve got a new fed share coming, all that kind of thing. How should investors be thinking about leverage and risk right now? I, I think the adage with real estate, uh, I mean, sorry, with leverage is always the same, is, um, you know, manage cash flow. I, if, if you use leverage to speculate, that could be a real problem. And whether you did it. Do it for real estate like I did by having very thin or negative cash flow and making that up someplace else and believing that somehow, you know, rents or appreciation are gonna do it. Or buying a non-income producing asset with borrowed funds hoping it’s gonna go higher. I think that would be dangerous, but I think if you fundamentally use debt as a tool. Based on cash flows and you use conservative cash flows, you know, so the debt service coverage ratio, you know, if you have $10,000 a month going out in debt service, make sure you have at least, you know, $12,000 a month coming in on income or above. Then that’s how you begin to build resiliency into your portfolio. And the other thing is don’t borrow long to invest short, right? So your duration matters a lot. We were talking about this before we hit the record button, and I think what happens is people. Uh, make a mistake when they try to operate like a bank. ’cause banks lend short and invest long. And the only reason they get away with it is because they have the Federal Reserve Bank system backstopping them. But you don’t have that as an individual, so you better to do the opposite. Um, if you can match the durations, that’s perfect, right? ’cause then you know what your interest expense is for the, for the duration of the investment. And once you lock in the spread, then you just have the counterparty risk of the, whoever is responsible for creating that income stream that’s gonna service the debt you use to control the asset. And then it just comes down to underwriting and then recourse. And if you feel comfortable with the underwriting and you feel comfortable with the recourse, and you’ve got spread and you’ve locked in a, a duration. Um, that, that is compatible, then that can be a, a, a fairly safe way to use debt. And if interest rates work against you, then you’re okay. And if interest rates work for you, you might be able to refinance your debt and actually increase your spread, but you don’t need it to happen to be successful. Let’s talk a little bit more about what you’re doing right now. So in the past year, you’ve launched, um, several new initiatives. You had masterminds via platforms. Tell us a little bit about this and, and a little bit more what, what you’re trying to accomplish. Well, you know, after losing my wife, um, you, you go through this. Period of time of like figuring out, okay, life is short. What do I want to get done before I left die myself. And so, um, after thinking about that, I went back to really what I came to do when I first met Robert Helms and got involved in the real estate guys. And so I just kinda went back to home base and. Then the other thing is now I’ve got 17 grandchildren, and so I’m thinking a lot less like a father, more like a, a grandfather, a founding father. And, um, and so I’m thinking about what the world is gonna be like in 40, 50, 60 years, and what can I do to plant a seed that will make that world better for my grandchildren? And so I, I did a couple things. One is, um, after I left the real estate guys, we were going through a merger with Ken McElroy, George Gammon and Jason Hartman to create, um, a mastermind group, which we did. And I, I was CEO of that for the. The year during the merger. And that took up some time. And the second thing I decided to do, uh, ironically, it was after a conversation I had with Charlie Kirk. I had a conversation with Charlie Kirk. I said, Hey, I’ve got this idea to help, uh, K through 12 get involved in, in capitalism by starting businesses or working with businesses. Their parents start, and I explained to him the model. He goes, I love it. I want to help you. And so that encouraged me. And then I had a follow up meeting in January of 20. 24 with Mark Victor Hansen, and he really encouraged me. And so with the strength of those two endorsements, I go, you know, I’m gonna do this. And so, uh, I left the real estate guys in, um. March, late March of 2024, and in the summer of 2024, I, I launched the Raising Capitalists Foundation, and people can learn more about that by going to raising capitalists plural.org. And I, I literally launched it at Freedom Fest on July 13th, 2024 and five minutes before I took the stage, Donald Trump got shot. Always remember where I was and how distracting it was, but I did record that presentation and it’s on the website, and so it explains the model. But in, in short, it’s pairing, um, or it’s, it’s putting parents who are in what Kiyosaki, uh, rich Dad would call the E-Class employees. And, uh. Put them under a mentorship program with experienced entrepreneurs and investors to help them start a business, a side hustle. They need the money and they need a mentor. And so then they, um, it can create a situation where their children can come to work for them in the business. And today, information Society, you know, there’s a lot of things kids can do where they learn real life skills, um, working with their parents. So that’s what the Raising Capitalist Foundation is all about. Then I launched two shows. Uh, in 2025, uh, one is I literally just launched like a week ago, and that’s. That Donald Trump video was really the first one that I put out, the Donald Trump versus Peter Schiff video on YouTube. I haven’t even started the podcast side of it. Um, and in on September 27th, uh, on pray.com, I started, uh, another show that, that one’s called the Main Street Capitalist. So if you go to YouTube and look at the Main Street capitalist, you’ll, you can find me there. And then the other one I created was the Christian capitalist. And I kind of went back to, you know, my, my core roots of realizing when I started looking at. Where the country was at, John Adams said that, um. Our Constitution was designed for a moral and religious people and is really wholly inadequate for any other, and so I thought, you know what? I’m I, I’m going to do that because my experience as a, as a Christian businessman is that I find that sometimes the stuff I get in church is more consumer oriented, and it doesn’t, it’s more employee oriented. I, I don’t. And, and then the other part of that is I created a, a ministry called Fellowship, a Christian capitalist, which is really about helping people put purpose into their business and then, you know, express their faith. Love your neighbor. Through their business. And so I’ve got all these different initiatives going and then I created the Main Street Media Network because I wanting to reach youth. I hired a YouTube coach and I said, look, I want to create content to encourage youth. He goes, that’s great. You can’t do it. You’re too old, he said, so what you need to do is find young people you can mentor and teach them the things that you’ve learned and let them teach it in their own words and they’ll reach their generation better than you. So with Main Street Media Network, I’m I, I’ve got. Two guys that I’m apprenticing right now, but I’m gonna be adding a lot more. Um, one, one young man is 20 years old, the other one is 26 years old. And, uh, I just came back from the Turning Point USA event where we had a broadcast booth and they were conducting interviews and I did the New Orleans Investment Conference. And so these guys are sitting down with Peter Schiff, Robert Kiyosaki, Mike Maloney, Ken McElroy, you know, you, you know what that did for you, buck with your show. You know, you, you met all these people through us and then you. We’re able to build upon that and create a very credible show. So I’m doing that for these guys that are in their twenties with the idea that they will be able to reach a generation of people. Uh, I call it putting Boomer Wisdom in Gen Z mounts. I mean, they get to process it and it gets to be their own. And I’m helping them build financial podcasts that actually make the money and is the foundation of, in this case, they’re both capital raisers of their capital raising business. I got all these different things going, but I’m doing it through leaders, so I’m not trying to do all things myself. Yeah, yeah. Um, but I’m building out an ecosystem to accomplish all these goals and so far so good. It’s a lot. Sounds working like a young man, man, man. I’ll tell you that. I know, I know. Wow. I I thought you were gonna slow down after you. No, I’ve actually, I put my, I put, I put my foot on the gas. I, I’ve probably never worked, uh, harder. Um, but I, I think I’m working smart, you know, so I’m hiring coaches and I’m bringing in, um, leaders and going through all that EOS and organizing to scale stuff. Sounds good. Well, always a pleasure, Russ. Um, make sure not to be a stranger to have you on again, um, you know, in a few months and figure out where you’re going with all this stuff. All the new things that you’ve accomplished, but it’s, uh, it’s great to see you. Well, happy to be here, proud of you. Uh, keep up the good work and keep educating people. Thank you. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealthformulabanking.com. Welcome back to the show everyone. Hope you enjoyed it. As always, Russ, uh, is, uh, you know, he’s, he’s got a lot of wisdom. He is the guy you really wanna listen to. And I would encourage you to follow his work anyway. Uh, just pivoting back, you know, to where this economy is and all that. I think for me personally, it’s about allocating capital in a market that is a, uh, is certainly losing value in its dollars. And, um, and I think that we’re gonna continue to see that. Speaking of that, make sure if you haven’t, as I mentioned before, sign up for the Accredited Investor Club. Go to wealthformula.com, go to investor club, as we have plenty of those types of things that are hedging against inflation, um, saving taxes in terms of tax mitigation strategies, that kind of thing. Check it out. That’s it for me This week on Well Formula Podcast. This is Buck Joffrey signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

Discover how Anton Mattli of Peak Financing unpacks decades of wisdom from his global banking and real estate journey — from Zurich to New York to Dallas — revealing how he's advised family offices and high-net-worth investors in deploying billions into commercial and multifamily assets. Anton breaks down how the JOBS Act reshaped the syndication landscape, why institutional players weather downturns better than most, and how syndicators can still thrive by strengthening partnerships and structuring smarter deals. He also shares critical insights on today's lending environment, the future of bridge loans, and the pros and cons of fund-of-fund models. This is a must-listen for serious investors looking to master the art of capital structure, syndication, and sustainable growth in today's evolving real estate market.5 Key TakeawaysHow the JOBS Act Transformed Syndication – Anton explains how the JOBS Act opened the door for private placements, making syndication scalable and accessible to a broader investor base Why Institutional Players Are More Resilient – Large institutional investors leverage lower debt ratios and stronger capital reserves, allowing them to withstand market corrections more effectively than smaller syndicators The New Rules of Lending – Post-2022, lenders have become far more cautious, scrutinizing both sponsors and properties with greater rigor before extending loans or renewals Common Pitfalls Among Syndicators – Many operators fell into the “extend and pretend” trap, relying on bridge loans and preferred equity to delay issues rather than strengthen fundamentals Fund of Funds vs. Fund of Fund Managers – Anton details the risks of fund-of-fund models when due diligence is weak, cautioning investors to distinguish between true fund management and simple marketing plays About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

Highlights from this week's conversation include:​​Samir's Background and Journey (0:31)Founding Allocate (1:09)Emerging Managers Focus (4:26)Market Cycles and Investment Strategies (8:11)Current Market Trends (12:22)Illiquidity in Venture Capital (14:04)Misconceptions About Venture Capital (16:05)Direct Investments vs. Fund of Funds (19:51)Operational Needs of Wealth Advisors (22:13)Building Infrastructure for Investment (24:16)Insider Segment: Nico Toro of Silicon Valley Bank (27:00)Customization in Different Markets (28:55)Understanding Local Ecosystems (30:07)Opportunities in Fintech (32:26)Consolidation in Private Equity (36:49)Investment Strategies for Family Offices (40:43)Responsible Participation in Venture Capital (44:50)Ideal Investor Profile (47:05)Market Growth and Challenges (50:04)Current Investment Climate (52:00)Connecting with Samir and Final Thoughts (53:12)Allocate is a platform designed to modernize and democratize private market investing by providing accredited investors with curated access to top-tier private capital funds and direct investment opportunities. Allocate's mission is to empower a broader audience of investors to participate in private markets while emphasizing transparency, efficiency, and inclusivity. https://www.allocate.coSilicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

In this episode of the Dakota Fundraising News Podcast, Pat and Konch cover significant job changes, including Amol Deshpande joining Texas Municipal Retirement as Head of Direct Investments. We also discuss notable RIA/FA M&A moves, with UBS adding a Colorado-based team and Charles "Chuck" Hahn joining Cetera Advisor Networks. In institutional coverage, we provide updates on searches, investments, and consultant updates, including details from the New Mexico State Investment Council.

Highlights from this week's conversation include:Matt's Background and Experience in VC (0:10)Challenges in Venture Capital Allocations (2:20)Understanding the Allocator's Perspective (4:32)Technology's Impact on Allocators (7:02)Direct Investments vs. Outsourced CIOs (10:04)Using Third-Party Reports for Performance Measurement (14:14)Understanding Performance Metrics (16:12)Venture Capital Landscape (17:50)Insider Segment: The Importance of Diversifying Funding Sources (19:31)Extending Your Runway and Preserving Equity (22:06)Engaging with Camber Road (22:57)Insurance Allocators' Strategy (24:55)MetLife's Venture History (26:40)Innovation Office Impact (27:53)New Pools of Capital (31:29)Balanced Portfolio Insights (34:25)Investment Strategies for New Investors (34:52)The Challenge of Investor Sentiment (37:00)The Importance of Manager Selection (40:09)Contrarian Investment Strategies (41:36)Final Thoughts and Takeaways (44:14)Matt Curtolo is a seasoned investor with 20+ years covering all functional areas of the private markets from both an allocator and investor lens. Most recently, he built the investment capability from the ground up at a fintech start-up called Allocate, focused on offering high-quality venture capital and alternative investment opportunities to a broader investor base. Previously, he was a co-manager of MetLife's Alternative Investments Portfolio and Head of Private Equity at a large independent OCIO. Matt began his career at Hamilton Lane (NASDAQ: HLNE) during its early growth, before it became the world's pre-eminent private markets allocator. Camber Road is the most cost-effective, flexible and nimble leasing company for venture-backed businesses. We are experienced, but not stodgy. We're hungry, like the startup companies we serve. And we hold every lease on our balance sheet. We finance business-essential equipment for venture-backed companies. We do one thing, and we do it better than the rest. Learn more at www.camberroad.com. Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Navigating Cross-Border Investments and Family Offices with Danye WangIn this episode of the Asia Business Podcast, we are privileged to have Danye Wang as our special guest. Danye is the managing partner at UniGlobe Capital, an institutional advisory firm focused on international allocation and family offices, as well as cross-border investments. Your host, Art Dicker, delves into a comprehensive discussion with Danye about her professional journey and the burgeoning family office landscape in Asia.Introduction to Danye WangConnect with DanyeVisit UniGlobeDanye Wang has an illustrious career trajectory that began in China. She moved to the United States for her college education and graduated during the financial crisis of 2008. Against the odds, she secured a role at BlackRock, which has now grown to be one of the world's largest asset managers. At BlackRock, Danye held a client-facing role, dealing with central banks, sovereign wealth funds, and insurance companies.Through her career, Danye has gained profound insights into the evolving investment landscape and the myriad opportunities and challenges within it. She brings a wealth of knowledge and experience, particularly in the context of international investments and family offices.The Growth of Family Offices in AsiaAsia has witnessed substantial growth in the number of family offices over recent years. According to recent stats, about 9% of the world's 20,000 family offices are located in Asia. This number is set to surge as Asia's ultra-high-net-worth individuals (UHNWIs) grow by almost 40% from 2022 to 2027.Danye notes that family offices in Asia are relatively new, with around 40% of them being established post-2010. Several factors encourage the creation of family offices, including significant exit events, generational transitions, and the need for diversification. Family offices can handle an array of activities from investment and tax planning to philanthropy and family governance.Navigating Investment OpportunitiesThe conversation takes an insightful turn as Danye delves into why UHNWIs would set up family offices. The discussion encompasses several key aspects:Separation of Legal Entities: To ensure accountability and professionalism in their financial activities.Proactive Investment Behavior: Whether they set up single-family or multifamily offices, Danye emphasizes the proactive nature of these entities in sourcing investments.Diversification: One of the primary drivers behind setting up family offices is the diversification of investments to manage risk and explore new opportunities beyond traditional sectors like manufacturing and real estate.Art Dicker touches on a stereotype that Asian investors often want safety, liquidity, and high returns all at once. Danye confirms that while such expectations were prevalent in the past, the landscape is shifting toward more realistic and sophisticated investment strategies.Single vs. Multifamily OfficesThe debate between establishing single-family offices versus joining multifamily offices is a significant consideration. Danye explains that the choice often boils down to factors such as costs, expertise, and control. Single-family offices offer greater control and emotional attachment, but they come with higher operational costs. The general guideline suggests starting a single-family office only with assets above 50 million USD, ideally 100 million USD.Multifamily offices, on the other hand, offer economies of scale and access to diversified investment opportunities. They often attract professionals from private banking backgrounds, bringing a wealth of experience and networks.Investment Screening and Talent AcquisitionAn essential part of managing a family office is talent acquisition and the structuring of investment strategies. Danye emphasizes that screening quality investments requires understanding the team, strategy, and track record. For family offices, hiring talent from investment banks, private equity, and asset management firms is crucial for maintaining a robust investment strategy.The Singapore vs. Hong Kong DilemmaTowards the end of the discussion, Danye sheds light on the trend of family offices setting up in Singapore vs. Hong Kong. While Singapore has seen a huge influx of family offices due to its stable political climate and international connectivity, Hong Kong offers a robust financial sector with access to top global banks and asset managers. Despite recent scrutiny over asset flows into Singapore, it continues to be a preferred destination for many family offices.ConclusionThe comprehensive discussion with Danye Wang underscores the dynamic and evolving nature of family offices in Asia. From understanding the factors driving their establishment to navigating investment opportunities and talent acquisition, the episode offers a wealth of insights for anyone interested in the world of family offices.For more in-depth discussions and industry insights, make sure to subscribe to our podcast and stay updated with our latest episodes! Timestamps00:00 Introduction and Guest Welcome00:33 Danye Wang's Background and Career Journey04:53 Growth of Family Offices in Asia10:17 Setting Up and Managing Family Offices26:48 Direct Investments vs. Fund Allocations37:53 Choosing Between Single and Multi-Family Offices48:34 Hong Kong vs. Singapore for Family Offices53:37 Conclusion and Contact Information ProducerJacob ThomasFollow UsLinkedInApple Podcasts

In this episode, we welcome Giulia Van Waeyenberge to the pod. Giulia is an experienced investor and judge in the European VC Awards and a Managing Director at Sofina Group, an investment holding company with more than 9 billion in AUM.Sofina Group is a global investor investing mainly in the Venture and Growth stages. Its sectors include digital, healthcare and life sciences, consumer, education, and sustainable supply chain sectors. Sofina has a direct investment strategy, investing from a series B/C until IPO and beyond. They also invest in venture and growth capital funds on a global basis. They invest from their balance sheet and take a long-term view. Sofina is also a shareholder in Vinted (a second-hand marketplace), Mistral AI, Cleo (an AI chatbot providing financial advice to young adults), and ByteDance.On the fund side, they have long-standing relationships with US managers where they have invested for several decades in firms like Sequoia, Iconiq, and Lightspeed. In Europe, they invested in several European GPs, some more emerging than others. In the seed stage, they have a partnership with Point Nine, Moonfire, Atlantic Labs, Seedcamp, Visionaries Club, Stride, and Hoxton. On the seed/series A stage they have invested in Blossom Capital, Singular, and Alven. On the platform side, they have in funds like Northzone, Balderton, Atomico, Dawn, and Felix Capital.Go to eu.vc for our core learnings and the full video interview

Welcome back to Making Media. Our guest today is Emily Sundberg. Like many of our most creative guests, Emily has a wide-ranging background. For her day job, she writes her newsletter, Feed Me, which tracks valuable early trends in the consumer and brand space. If you want to know what's going to happen six months from now, read Emily's newsletter tomorrow.  She also writes for New York magazine and GQ, she's been featured in the New York Times, and she's published a documentary. We talk about how she's built up this incredibly valuable, long, diversified list of sources while not being a traditional journalist. And we hit on what's happening in culture and documentaries too. Please enjoy this conversation with Emily. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Making Media is a property of Colossus, LLC. For more episodes of Making Media, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @ReustleMatt | @domcooke | @MakingMediaPod | @JoinColossus  Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes  (00:00:00) Welcome to Making Media (00:02:46) First Question - The Art of Trendspotting (00:08:57) The Evolution of Emily's Newsletter ‘Feed Me' (00:14:00) Writing for A Magazine vs A Newsletter (00:17:19) The Art of Making Stories Stick (00:21:17) Understanding Her Audience (00:26:04) Daily Content Creation: Insights into the Writing Process (00:29:22) The Unique Voice of the Newsletter: Entertainment and Opinions (00:32:12) Diving Into Documentary Filmmaking (00:35:23) The Financial Realities and Creative Challenges of Documentary Making (00:38:27) Navigating the Documentary World and Future Projects (00:45:13) Diving Deep into Direct Investments and Business Models (00:45:55) The Solo Journey of Managing a Newsletter (00:56:31) Debrief Learn more about your ad choices. Visit megaphone.fm/adchoices

This series explores the current financial landscape, focusing on interest rates, real estate markets, and the Federal Reserve's plans. It provides insights into defensive strategies in real estate and discusses the importance of group financial decision-making. The series also dives into alternative investments such as ATM operations and real estate development, emphasizing the importance of due diligence, understanding risk management, and portfolio diversification. Engaging in-depth discussions cover topics such as the impact of changes on mortgage brokers, real estate agents, value-add businesses, tax implications, and forecasted risks and opportunities. Further explored are topics on retirement savings, the critical role of credible CPAs, and strategies for offsetting ordinary income like real estate professional status.00:05 Understanding Interest Rates and Real Estate Market01:00 Investment Strategies and Opportunities01:21 Survey Announcement and Future Plans02:04 Invitation to Las Vegas Event02:28 2023 Quarter Three Report Overview03:05 Impact of Interest Rates on Commercial Real Estate06:51 Understanding Market Price and Cap Rates12:13 Challenges and Opportunities in the Current Market16:13 Future Predictions and Investment Advice36:17 Update on Current Projects37:54 Closing Remarks and Future Plans43:56 Discussing Brookridge Project and Investment Strategy44:47 Understanding the Impact of Real Estate Market Fluctuations45:37 Chase Creek Apartments: A Profitable Investment46:26 The Challenges and Opportunities in Office Real Estate47:43 Market Analysis: Huntsville, Phoenix, and Houston48:13 Investor Queries: Whispering Oaks and Pep Fund49:15 Discussing Cambridge and Courtney Investments50:53 Investor Relations and Communication Strategy52:54 Predicting a Possible Recession in 202459:02 Understanding the Tax Implications of Investments01:06:28 Exploring the TaxPal Fund and ATM Investments01:18:10 Understanding the Lifespan and Investment Aspects of ATM Machines01:18:40 Explaining the Concept of Return of Capital in ATM Fund01:19:05 The Importance of Choosing the Right CPA for Your Investments01:19:19 Breaking Down the Investment Returns Over a Seven-Year Period01:20:48 Understanding the Tax Perspective of Your Investments01:21:03 The Role of Passive Income in Your Investment Strategy01:21:38 How to Offset Passive Income with Passive Losses01:23:02 The Benefits of Diversifying Your Investment Portfolio01:23:15 Exploring the Concept of Trading ATM Machines01:23:39 The Challenges and Opportunities in Real Estate Investments01:25:12 The Importance of Diversifying Your Investment Portfolio01:25:19 Understanding the Role of Direct Investments in Your Portfolio01:25:39 The Importance of Email Communication in Investment Discussions01:28:35 The Role of Active W2 Income in Your Investment Strategy01:29:46 Understanding the Concept of Real Estate Professional Status01:34:18 Exploring the Concept of Saltwater Disposable Wells01:39:58 Understanding the Risks and Rewards of Different Investment Strategies01:42:44 The Importance of Understanding Your Investment Buy Box01:47:34 Understanding the Risks and Rewards of General Partnership in Investments01:49:32 The Transition from High Friction to Low Friction Investments01:54:17 Understanding the Risks and Rewards of Venture Capital Hosted on Acast. See acast.com/privacy for more information.

Learn how to be a Cross-Boarder Thought Leader - What is the challenge of a management consultant, investment banker, thought leader, and professor? - What is the difference between China and other geographies? - How do you lead Chinese teams? - How can you build a personal brand as a thought leader? - How do you develop a personal "moat", an advantage to differentiate on the market? - How can you differentiate from local professionals? - How should you build your international career to be happy and successful? Jeff is a leading expert on the digital strategies of the best US, China, and Asia companies. He does: Consulting and advisory. Executive programs on digital transformation. Keynotes at conferences and company events. Called the “Michael Porter of digital”, Jeff is one of the most followed analysts in Asia (+3.1M followers on LinkedIn). He was also the #1 LinkedIn Top Voice for Finance globally (2017) and a Top Voice for China (2016, 2017, 2018). He is frequently cited as a global influencer by companies such as Huawei and Alibaba. He has been seen on Bloomberg, CGTN, CBS News, ABC, and other programs. He is the host of the Tech Strategy podcast and is a CEIBS / Sasin business professor and best-selling author. Jeff was previously the Head of Direct Investments for the Middle East North Africa and Asia Pacific for Prince Alwaleed, nicknamed by Time magazine the “Arabian Warren Buffett”. His latest books are Moats and Marathons, the One Hour China Book, and the One Hour China Consumer Book. Jeff received an MBA from Columbia Business School, an MD from the Stanford University School of Medicine, a BA in Physics from Pomona College and a Fulbright Scholarship in Biophysics from the Karolinska Institute for Biomedical Science in Stockholm, Sweden. www.jefftowson.com Follow the wisdom of the Flexpat-crowd: Check out the following episodes to get more input on working in consulting: 102 Bridge Language and Culture gaps 85 Service Entrepreneur 100 Get your first Management job 62 Business Development for Consulting Services 7 How to be a CFO 65 Management Consulting 39 Differentiate from Chinese 14 Start your career in Consulting 87 Personal Branding Contact Francis on Wechat: Flexpat2020

In the middle of this year, the Federal Council presented a new legislation to screen foreign direct investment seeks to prevent threats to public order and security posed by foreign investors acquiring Swiss companies. In 2023, we will find out what will happen next. Switzerland is one of the world's largest recipients of foreign investment. Being open to inward foreign investment is of central importance for Switzerland as a business centre. The country must therefore remain attractive for foreign investment even if screening is introduced. However, in the last years Switzerland policy to remain open for investments was heavily discussed, when foreign investors acquired or invested in mid-size or large Swiss companies. In the future, further possible threats are expected in particular from investors with ties to foreign governments. The acquisition of Swiss companies by foreign state-owned companies or by investors with ties to foreign governments should therefore be made subject to approval in all sectors. Furthermore, the new regulations will define in which critical areas all acquisitions by foreign investors - state or private - must be authorised. Small businesses are to be exempted from the screening process by setting a de minimis threshold. Marc Baumberger from MLL Legal talked about this new draft legislation, which will now after the consultation be finalised as a draft law and then submitted to the Swiss States and National Council. Therefore, we expect this to become one of the key discussions points in M&A the following year. Listen to our podcast and become part of the discussion!

Venture capital is the fuel that powers an economy's innovation ecosystem, disrupting the old way of doing business and generating growth. In this episode, Uzair talks to Mohamed Eissa about the IFC's perspective on venture capital and the role the IFC is looking to play in Pakistan. Eissa talked about why Pakistan is an attractive market, what investments the IFC is going to make in the near-term, and why failure should be celebrated. Mohamed leads IFC's Global Venture Capital and Direct Investments group. As a member of the investment committee, he leads a team of investment professionals in Latin America, Africa, the Middle East, Eastern and Central Europe, South Asia and Asia-Pacific region. IFC's portfolio investments include venture capital funds and direct investments in disruptive startups in over 30 countries. Prior to IFC, he led technology investments at Gulf Investment Corporation (GIC) – a joint fund with equal ownership by the six Gulf Cooperation Council countries' sovereign wealth funds. Mohamed also held operational roles in technology in the US as well as venture capital investments at Bell Labs' New Ventures Group. Mohamed holds both a Bachelor's and Master's degrees from Massachusetts Institute of Technology in Electrical Engineering & Computer Science, and an MBA from Harvard Business School. Reading recommendations: - The Greatest: My Own Story by Muhammad Ali and Richard Durham - Deep Simplicity: Bringing Order to Chaos and Complexity by John Gribbin - A Path Forward for Sharing the Nile Water: Sustainable, Smart, Equitable, Incremental by Elfatih Eltahir Chapters: 0:00 Introduction 1:00 Global VC Outlook 10:00 VC's role in Pakistan's economy 17:55 IFC's VC role in Pakistan 26:36 How to turbocharge the tech ecosystem 31:50 IFC's investment strategy in Pakistan 35:10 Innovating through failure 39:40 Inclusion in entrepreneurship 44:50 Reading recommendations

According to GlobalData's deals database, financing deals worth some US$492.3 million were announced in Asia Pacific in August this year. This was a drop of nearly 40% over the previous month and close to a 45% ((44.6% drop)) when compared on a yearly basis.  But yet some VC investors seem to be actively funding projects and startups in the meantime. So how do they view the industry, and what are they eyeing for in the longer term?  On Market View, Prime Time's finance presenter Chua Tian Tian spoke with Elvin Zhang, Director, Venture Funds and Direct Investments of Financial Services and Energy at Sinarmas for more. They also looked into opportunities within the energy sector amid the current investing climate. See omnystudio.com/listener for privacy information.

I interviewed Brad Niebuhr on his life as an entrepreneur, business owner, and real estate investor. He recently moved to Florida and pivoted to focus on Single Family Rentals and we discussed why. Highlights Deep connections: How Gary met Brad Niebuhr How Brad started in business and real estate The experience of being a sponsor and aggregator What the Mastermind is all about Why real estate is the best way to build wealth How to reach out to Brad about the Mastermind and for future investments Links and Resources from this Episode Connect with Gary Pinkerton https://www.paradigmlife.net/ gpinkerton@paradigmlife.net https://garypinkerton.com/ Connect with Brad Niebuhr https://investwithfullcircle.com/ brad@investwithfullcircle.com https://www.linkedin.com/in/brad-niebuhr-042b25170 

This podcast is a montage of four interviews with founders and executives, from the time period of March 2021 to June 2022, as originally published at www.anchor.fm/irish-tech-news. This podcast highlights short gems from Jamil Hasan (Crypto Hipster)'s interviews with Rui Zhang (gumi Cryptos), Aldemaro Fonseca (NTL Wealth), Pedro Torres (Roseon.Finance), Paulius Stankevicius (Stankevicius MGM). --- Support this podcast: https://anchor.fm/crypto-hipster-podcast/support

Find out more here: "How to Get Malta Residency: The Ultimate Guide" https://nomadcapitalist.com/global-citizen/malta-residency/ Secure Your Spot at the Best Offshore Conference - Nomad Capitalist Live 2022 - on September 21-24 in the most vibrant city in the world, Mexico City: https://nomadcapitalist.com/live/ Join Our Email List and be the First to Hear about Breaking News and Exciting Offers https://nomadcapitalist.com/email Read more here: "The Malta Citizenship by Naturalization for Exceptional Services by Direct Investments": https://nomadcapitalist.com/global-citizen/second-passport/malta-citizenship-by-naturalization-exceptional-services/ Today you will find out about a little-known European Residence by Investment program that you've never heard of but you can take advantage of it to Move to Europe and potentially Get a European Citizenship. Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best". Work with Andrew: https://nomadcapitalist.com/apply/ Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort. About Andrew: https://nomadcapitalist.com/about/ Our Website: http://www.nomadcapitalist.com Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist Buy Andrew's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Series two from Pastor Jeff Bartell In series two we will talk about the Investment you are making in Stewardship.   Ecclesiastes 8:5 Ecclesiastes 9:10

With an abundance of capital chasing a limited number of opportunities, one unique entry point for investors is in secondary direct investments. Secondary opportunities consist of buying shares in private, pre-IPO companies directly from employees and investors versus the traditional route of participating in the next round of fundraising.Andrea Walne is at the center of this world at Manhattan Venture Partners (MVP), where 80% of their investments are in late-stage companies by buying secondary investments. Andrea and her team are focused on tapping into the value that already exists. Formerly a founder of Forge Global, Andrea has worked with over 100 late-stage private companies and has facilitated over $10 billion worth of transactions. On this episode of The Modern CFO, Andrea shares insights on this growing market segment in VC, its evolving landscape, and the opportunity for liquidity it presents.Show Links Check out Manhattan Venture Partners Connect with Andrea Walne on LinkedIn or Twitter Check out Nth Round Connect with Andrew Seski on LinkedIn Key Takeaways3:20 - Build a secondary positionInstead of fighting to issue a term sheet and compete with late-stage investors, MVP uses its network of relationships to enter a business at the ground level.“We're on our fourth fund right now. With our strategy, it allows us, strategically, to pinpoint how we want to enter a business that we're interested in. When I say enter a business, we're not fighting to issue a term sheet and compete against other late-stage investors to lead a round of funding. What we are doing is generally considered “friendly” to many of our counterparts in the late-stage venture community, because we are figuring out a price point and identifying, by way of our network, (who all knows the partners of our firm really well by way of our experience); We find our way in with a certain price point and we're able to dollar cost average and choose that building of a position by way of the secondary. So, it's pretty awesome. It allows us to choose what valuations make the most sense for us.”6:33 - The changing environment of common stockCommon stock used to be considered a risky business. Today, it's easier to assess if a company—and therefore its common stock—is valuable early on.“I've never seen a world where a company can raise a round of funding and be a mid-stage or late-stage company. I do say mid-stage, because I think it's important. A company will raise a round. It's typically oversubscribed—most companies are raising oversubscribed rounds. There's a ton of capital flowing in and immediately after the round is raised, we're working with issuers and their shareholders who believe that their stock is immediately worth a premium to that round, immediately after the round is closed. Precedent will tell you that, historically, you could see that common stock, which is issued to the employees of a private company, versus the preferred stock, which is issued to the investors when they invest, the common stock is usually priced at a discount, because there's inherent risk associated with common stock. God forbid there's ever a bankruptcy in a private company, the common stock gets paid back last after all the preferred stock and any debt. So, there's inherent risk associated with common stock. If you go back three to five years, 20-25% discounts for common stock were normal relative to the latest round of preferred financing. For the environment to change so rapidly is absolutely fascinating for us.”10:03 - The danger of taxing unrealized gainsCongress has floated different options for taxing wealthy figures, like Jeff Bezos. The problem is the potential for harmful trickle-down effects that could negatively impact budding entrepreneurs and their early employees.“Something that seems like it comes up in Congress quite often is just taxing unrealized gains. That alone is constantly brought up and constantly talked about at both the gains-perspective and then deeper on a carried-interest perspective, which is obviously gains earned by way of the profits to venture capitalists and those that are investment managers. Overall, what I will tell you is that the resounding theme across all of these proposed changes and contemplations is that clearly Congress is looking at the folks like Jeff Bezos, Elon Musk, Mark Zuckerberg, and the upper echelon of the tech community as being the only population that really matters. The more that Congress can better target them and tax them for their wealth, which was in my mind earned wealth, quite well-earned wealth, is something that I feel is so shocking, because I don't think Congress realizes how that permeates down to those who are really the rank and file working at tech companies. Employees these days are given stock options at private companies. That doesn't mean that they own the shares outright. A stock option simply means they have the right to exercise, AKA pay a cost, to then own common stock shares in a private company. For there to be a concept of taxing unrealized gains when there hasn't been any form of a sale, where there's any gain to be had or money in the bank, it's just constantly shocking to me that that's even a consideration. It's something I worry about..”15:44 - Successful startups are impossible to ignoreMany startups today are coming out of the gate with incredible growth and high value.“As much as we all love working with institutional folks, school endowments, pension funds, fund of funds and the like, there's a bit more of a disconnect when you're working with an institution that has a bit more of a regimented strategy as it relates to their venture asset allocation. The passion comes from the family offices and so, when we speak to our LPs, we see that they're all seeing startups more and more and more in the news. What I think has really shifted in the last five or six years has been that you're now seeing startups with bigger market caps than any company listed on the Nasdaq or New York Stock Exchange. So, it's impossible to ignore these startups, because they're bigger by way of market cap and size and growth than most listed businesses. That shift means that startups are in the news every single day. There's a new $10 billion minted company every single day, which is shocking to hear. It used to be that seeing a billion-dollar valuation four years ago was fascinating.”21:41 - The impact of media exposureWith large private companies doing so well, they also get a huge amount of media coverage. That means that determining facts about their financial profile is easier than ever.“The biggest private companies these days are actually getting more exposure in the media than most public companies are, which is really fascinating. It's because they're just so big, they're so innovative, they're breaking rules, and they're making change. With all of that, they are getting more media exposure. With media exposure comes people who are covering them and digging into the company's analytics, digging into the company's financing history, revenues, and growth. There's a lot more of a spotlight on that and late-stage private companies these days than there ever was. Coupled with the concept of vast transparency, companies aren't as hidden as they were five years ago as it relates to their growth. It's also very competitive out there, right? Companies are all competing for talent. They need to be able to go out publicly and say: ‘we're the best in our space.' They're doing this because it's a signal to potential recruits to say: 'look at how big we are relative to our competition.' So along those lines, it doesn't take much these days to actually find sources that distill down a company's financial profile.”25:09 - Private startups benefit from closed doorsPrivate companies looking to issue stock have an advantage of insularity and control. For investors, that means it's important that the cap table is properly managed for accuracy.“On the platforms, just to kind of go back to that concept, we're talking about Carta, Forage, Nasdaq, there's a bunch of them, Zanbato.. At the end of the day all of them are trying to effectively reflect, and trade, and transact in an asset that has a lot of governance control by the issuer itself, and is not controlled by way of a transfer agent, market maker, or exchange. With that, the companies, the issuers themselves, these private startups are really benefiting from having kind of closed-door access to their equity and their ownership. Because you know what, they have the right to do that. They have the right to be very insular in terms of how they manage their investor base. Knowing that, the struggle that I think every company that is building software in the private market, kind of trading or cap tables or investment management space is kind of looking through is, well what is the source kind of information for all of this equity or the legal documents that govern the ownership of an asset? A piece of a unit. And when you're talking about a private company's cap table—and a cap table is a ledger that reflects ownership of investors and shareholders and otherwise—if that ledger isn't managed properly and kept updated, you really can't do much with that information.”29:56 - The catalyst for secondary investmentsWhen Andrea's friend Sohail Prasad found himself stuck at a company with “golden handcuffs” thanks to equity benefits, he and Andrea started brainstorming ways to cash out the value of his stock prior to IPO. The result was Forge Global.“He, kind of secretly, was begging he would get the layoff package, so that he could go build a new startup. And that never happened. He never ended up getting terminated as part of the layoffs. So with all that, Sohail and I brainstormed and said, 'Well, what if we could just sell your Zynga stock before they go public in some way shape or form, and get your cash and then we can go build something cool?' We really dug into it to find out just how difficult that idea really was, selling your private company startup stock before a traditional IPO. So we started really thinking about what it would take, and overall we said, we're going to have to come up with an instrument to trade or transact in these private securities, because it's so difficult to trade the underlying stock itself, that underlying startup employee stock.”33:56 - The overabundance of capital in the private marketsSecondary investing is becoming more common because funding rounds are oversubscribed. It's a strategy that makes sense for many founders, whose energy and finances are often stretched thin.“Over 50% of Series B rounds now include a secondary component and it's not necessarily limited to the founders. It expands to some of the early employees, or maybe even Angel or seed investors who had just had stuck with the business and needed a little bit of cash because they were the founder's mom or dad, or something similar. I do absolutely see the trickle-down, but I would say it's really predicated on the fact that in today's world, Series A and B rounds are getting oversubscribed. So, the activity that's happening in 90% of instances (and this is all based on the data I had been reviewing) is that it's really the secondaries that are happening. Because the rounds are oversubscribed, the company doesn't want to take on any further dilution. So, the founders look in their pockets and say, 'What else can we offer to the investors we do want to bring on as partners?' And they ended up offering a portion of their own stock. I don't blame them because these founders usually take huge pay cuts to build their startup for the first few years.”35:14 - Liquidity is no longer a necessary sweetenerFounders offering stock to investors used it as a carrot dangled in front of them to get them to invest. Today, it's more about getting an infusion of non-dilutive capital.“You go back three years, and if I saw liquidity in a Series A or B, a lot of it was more of a sweetener than anything else. And when I say that, it's that a company was raising money. They wanted to bring in some really strategic investors and as a way to get better terms for those investors, they would offer their own kind of founder stock or employee stock at a discount to the Series A or B or C as, like I said, a sweetener. Now, that has really shifted to not being a necessity in the best companies. Instead, it's a volume point that's brought up later, as a way to get more capital in that is non-dilutive in its function.”37:52 - A new world means new investment strategiesToday, Andrea is captivated by the changing ways that families are investing. Buying a piece of real estate is no longer the silver bullet it once was.“I am fascinated by the changing dynamic of family lifestyles, and how people want to be in multiple places at the same time, and quite frankly, how in today's market, owning real estate really isn't any more of the best investment strategy as part of a family's overall gross income and value. It really isn't. We're at the a ‘top of the market' kind of focus here. People are exploring other avenues for investing strategies because, as we are talking about, tying into today's theme, the democratization of investing is happening rapidly around us. People don't need to buy a house to say that that's going to be their highest grossing asset over time. So, what I get fascinated about in today's world are companies like Pacaso, which is a startup, and Feather Homes, which is a startup, that you get to rent furniture by the month that gets delivered to your nomadic lifestyle. Pacaso was started by the guys who were in the real estate firms at Redfin who said, 'Let's do fractional ownership of mega homes.' Why dump all of your net value into one home? Instead, let's pool it together, and you can own an eighth of an amazing luxury home, and then you could sell that eighth.”

Questions and answers that we often get on private placements and direct investments.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: Dutch development bank FMO has vowed to phase out fossil fuels in direct investments from its portfolio Glencore has announced that one of its affiliates and Novatek Gas & Power Asia have signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project Trade credit insurer Euler Hermes has announced that Natixis is one of its first participating partners in its Green2Green Single Risk credit insurance solution Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Welcome to part 2 of my conversation with Nathanael Noiraud, Founder & CEO of N-Strategy Consulting Services. Make sure to also enjoy part 1 of our talk which is also available on this platform. Nathanael and I are talking about why South East Asai / the APEC region is booming and how investors can participate via Foreign Direct Investments (FDI). We continue our talk with topics such as: Why are local partners the key to success? What are the top Asian-pacific markets to invest in? And: Is investing in china a good choice? Enjoy and use the timestamps for easy navigation: 00:00 - Local Partners are the Key 06:07 - Top Asian-Pacific Markets to Invest in 12:27 - Cultural Differences: Chances and Challenges 17:34 - China: A good Investment? 18:50 - 3 Key Insights More about N-Strategy

Welcome to part 1 of my conversation with Nathanael Noiraud, Founder & CEO of N-Strategy Consulting Services. Nathanael and I are talking about why South East Asai / the APEC region is booming and how investors can participate via Foreign Direct Investments (FDI). We kick off with reasons for growth, why investors are interested in investing in South East Asia as well as the possibilities how to actually get involved. The timestamps: What we talk about: 00:00 - The Asia-Pacific Region - A Booming Market 05:45 - Reasons for Investments 09:00 - Obstacles for Investments 16:35 - USA vs. China Trade War 18:30 - How to Invest in South East Asia Also, make sure to enjoy the 2nd part of our conversation which is available on this platform. More about N-Strategy

Sabi ng BSP, lumiit ang FDI sa Pilipinas nung 2020, pero kung ang trade and development body ng UN ang tatanungin, Pilipinas lang ang nagtala ng positive growth sa foreign investments last year. What gives? See omnystudio.com/listener for privacy information.

Sabi ng BSP, lumiit ang FDI sa Pilipinas nung 2020, pero kung ang trade and development body ng UN ang tatanungin, Pilipinas lang ang nagtala ng positive growth sa foreign investments last year. What gives? See omnystudio.com/listener for privacy information.

Olivia Enos and Heritage Senior Policy Analyst and Economist Riley Walters interview Dr. Derek Scissors on Chinese foreign direct investments. Dr. Scissors is a resident scholar at the American Enterprise Institute and author of the China Global Investment Tracker (CGIT). The CGIT and Dr. Scissors’ research can be found here.To read Riley Walters’ report on understanding China’s economic weaknesses and U.S.-China investments, please click here. See acast.com/privacy for privacy and opt-out information.

The EU framework for the screening of FDI is now fully applicable. Jenn Mellott discusses the political background and practical implications of the new framework with Frank Röhling and Amaryllis Müller. When structuring transactions and planning deal timetables, deal makers must now consider the impact of increased levels of cooperation between EU member states and the European Commission on investments in certain critical sectors.

Richard Wilson started a family office club 13 years ago and advises families, most of them over 100 million in assets, 6 million, some 20- 30 million on direct investment program development and how to start their single family office. More virtual family office. He hosts 25 live events a year. And has met over 2000 family offices in-person. That's where a lot of the insights come from, but even more so, it's listening to these families' stories and then implementing how they created their wealth in an effective way and implementing that within his own business model. Here he discusses the strategies that he has learned and developed over time.

Today, Leafy Podcast talks with Richard Wilson, who helps $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. Richard is also the host of The Family Office Podcast, a variety show that provides you with client case studies, examples, facts, trends, interviews with family offices and a global view of this emerging space of ultra-wealthy investing. Richard takes you inside the industry and shares what billionaire family office clients are investing in and what they care about most right now. This content comes from Richard’s meetings with over 1,000 family offices in 22 different countries, as well as operating the #1 family office association, The Family Office Club, and being CEO of Billionaire Family Office and The Single Family Office Syndicate. Richard tells us to position ourselves as experts through thought leadership. He says that the ultra-wealthy want find the ‘expert’ in a particular field that they are interested in. So the more knowledgeable you are in your niche, the more valuable you will be to the billionaire interested in what you do. Listen to the whole episode to hear how to get in touch with Richard and the Family Offices and what it takes to get started with him and get connected.  To find out more about Richard Wilson, visit https://familyoffices.com/richard-wilson and https://familyoffices.com/podcast

Richard C. Wilson, CEO, and president of the Family Office club identified the most common mistake that he has seen capital raisers make. They make the mistake of taking success with a direct investment model. Where there's no funds and turned it into fund model. The mistake is that they go to their current investors already like them, trust them and invest with them and say," Hey, would you be open to coming in my fund?" And they say, "Yes, sure", because I've already invested in four of their deals but people have not invested with before may not want to come into the fund is gonna be harder. They're trading one headache for another headache of their own pain of running around and finding the investors they need to close a deal in 6 to 8 weeks and independent sponsor model for the headache of promising a blind pool to investors within a fund model. And I would always rather to the headache is more hard work for me in the thing, which is going to really stop investors from considering a deal. I've seen people who have raised $300 million in direct investments, not be able to raise a $10 million fund.

In this episode of the Future 1 web show & podcast, we meet Joe Zhao studied at NYU and Telaviv University. He is an investor at Alpha Square Group, which is a Family Office based in NYC with an investment focus on Enterprise Software and fintech sectors. In this episode, we talk about how funds should collaborate with family offices, how growth equity is treated differently from the early stage, and the importance of building strong partnerships. The material contained on this web series & podcast is for informational purposes only and should not be construed as an offer or a recommendation to buy or sell any security nor is it to be construed as investment advice. Music credits: Clouds by MBB | https://soundcloud.com/mbbofficial , Music promoted by https://www.free-stock-music.com , Creative Commons Attribution-ShareAlike 3.0 Unported, https://creativecommons.org/licenses/by-sa/3.0/deed.en_US IMPORTANT NOTICE: This web series and podcast is intended for informational purposes only. The views expressed are not, and should not be construed as investment advice or recommendations. Recipients of this should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance (which are not considered in this web series and podcast) before investing. None of this information communication is an offer, nor the solicitation of an offer, to buy or sell any of the assets mentioned herein. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/joelpalathinkal/support

Edified Equity Episode 79: Commencement Guest: Generational Wealth Through Commercial Real Estate Welcome to Generational Wealth Through Commercial Real Estate podcast.  This weeks guest is Dino Pierce.  Dino Pierce is the CEO of Edified Equity, an Independent Sponsor Firm offering, Deal Specific, Direct Investments, serving the affordable housing demand in the Southeastern US.  He’s an Active Multifamily Investor and he comes from a family of entrepreneurs.  Active blogger on bigger pockets. He has an Award Winning Blog Featured on Bigger Pockets.   Hosts the Edified Equity Podcast and YouTube show   ********************************************************************    If you would like to see the video of version of this episode on Will's Channel, check it out on youtube here:  https://youtu.be/1JK4nDbs3LE Associated Links! Edified Equity Website: https://www.edifiedequity.com/ Edified Equity Anchor Site: https://anchor.fm/edifiedequity Edified Equity Podcast iTunes: https://apple.co/2EUPjvE Edified Equity Podcast PodBean: https://www.podbean.com/podcast-detail/4yxzq-98ef1/Edified-Equity-Podcast Edified Equity Facebook Group: https://www.facebook.com/groups/MultifamilyPassiveCashFlow// Edified Equity YouTube Channel: https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww Twitter: @EdifiedEquity LinkedIn: http://bit.ly/2EMd0WK Bigger Pockets Blog: http://bit.ly/EEBPBlog Instagram dino_pierce I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info. I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis! Thanks for Tuning in- Make it a great day - you certainly deserve it! This is Dino Pierce CEO of Edified Equity Signing off - Goodbye

Welcome to Generational Wealth Through Commercial Real Estate podcast. This weeks guest is Dino Pierce. Dino Pierce is the CEO of Edified Equity, an Independent Sponsor Firm offering, Deal Specific, Direct Investments, serving the affordable housing demand in the Southeastern US. He’s an Active Multifamily Investor and he comes from a family of entrepreneurs. Active blogger on bigger pockets. He has an Award Winning Blog Featured on Bigger Pockets. Hosts the Edified Equity Podcast and YouTube show ******************************************************************** If you would like to see the video of version of this episode, check it out on youtube here: https://www.youtube.com/channel/UCN-0XfDOUg55H7fCqUJQlmg?view_as=subscriber To learn more about what we are doing at Onyx Capital Investments, check out our site here: https://onyxcapitalinvestments.com/ Click here to schedule a 15 min call with me: https://calendly.com/willsmith1/15min?month=2019-12

Have you ever had trouble selling to someone that made WAY more money than you? Ever hesitated before revealing price. This episode will help you tremendously. Our guest this week is Richard C. Wilson, CEO of the Family Office Club.  Richard C. Wilson helps $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. Richard literally wrote the book on the family office industry, The Family Office Book: Investing Capital for the Ultra-Affluent Originally Aired April 10th, 2018 This Week Only... Join our $1 7-day trial to the 20/20 Sales Vision Community. Your community for clear, inspirational, and actionable sales ideas. On today's show... 5:06 - What is a family office? 9:05 - The best way to build trust with ANY client 14:00 - How Richard discovered an industry and made a choice to dominate it 18:38 - The secret to tripling your sales 20:05 - Installing the service mindset LISTEN TO THIS NEXT The Why and the Buy Podcast hosted by Jeff Bajorek and Christie Walters. They interview entrepreneurs and sales experts to find out the why behind their success. Listen on Apple Podcasts or wherever you get your podcasts.

Edified Equity Podcast Episode 64: Why Private Equity Investors Have an Increasing Appetite for Deal Specific Direct (Multifamily) Investments Full YouTube Video - https://youtu.be/QUnX5VT__9M Helpful? Please Subscribe, Rate & Review! Full iTunes Podcast (available soon) - http://bit.ly/iTunesEE Helpful? Please Subscribe, Like, & Comment! Join our Educational FB group for the latest updates - https://bit.ly/2LEa0wx Follow Us: *YouTube Channel - http://bit.ly/YouTubeEdifiedEq *iTunes Edified Equity Podcast - http://bit.ly/iTunesEE *Site – http://www.EdifiedEquity.com/ *Facebook – http://bit.ly/2rQ8uOB *Join our Educational FB group for the latest updates - https://bit.ly/2LEa0wx *LinkedIn – http://bit.ly/2EMd0WK *Twitter – http://bit.ly/TweetEE *BiggerPocket Blog: http://bit.ly/EEBPBlog *Instagram:dino_pierce Description/Notes: One of the sole purposes of Private Equity (PE) - whether it be from a Family Office, Ultra High-Net-Worth Individual, or savvy accredited/sophisticated investor is to increase their investment, build wealth, preserve capital, enjoy tax benefits, and ultimately pass generational wealth to succeeding generations. No matter what the investment, they have to be exceptional when it comes to risk management. One current trend among PE investors is in Deal Specific Direct, Multifamily, Investments (DSDI) that support the workforce (the backbone of our economy) by providing them safe affordable housing. The demand for such an asset in select markets has, currently, outpaced supply. Investors are leaning in on DSDI as there are several benefits for them. Partnering with a trusted team of operators, they know and have access to, in a DSDI is a great way to preserve capital, shelter/defer taxes, benefit from cash flow (while appreciation is forced and occurring over time), and create generational wealth. DSDIs allow PE investors deal specific opportunities while relieving them from managing the day to day operations (burdensome and time-consuming). That’s a few of many reasons why PE are continuing to look at, choice, DSDI in 2019. I sincerely hope you enjoy these “Edified Equity Investor Insights”.

Richard C. Wilson, founder of Centimillionaire Advisors, helps $100M+ net worth families create and manage their single family offices. He is also CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. Richard has talked at 225 conferences in 17 countries, and has #1 bestselling books on the topics of family offices and capital raising industries. Show Notes:          Visit us on Instagram, Facebook, LinkedIn, and Twitter; bobby@gomahi.com 34:24 – Quick Fire Questions WEEKLY HACK: Figure out your monthly, quarterly, and annual goal. Print off a visual for each one on a single piece of paper. Place printouts all around... on your desk, in your shower, in your car, etc.

On today's episode, Seth speaks to Richard C. Wilson, CEO of Family Office Club Association about how he helped $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. The Wilson Holding Company is also the exclusive wine importer and a wine brand representative for Hofkellerei des Fursten Von Liechtenstein, the 600 year old vineyard owned by the princely family of Liechtenstein. Richard is author of the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office and a recently released book called How to Start a Family Office: Blueprints for Setting Up Your Single Family Office. Richard has his undergraduate degree from Oregon State University, his M.B.A. from University of Portland, and has studied master's level psychology through Harvard's ALM program while previously residing in Boston. Richard currently resides 10 minutes from downtown Miami on the island of Key Biscayne, Florida with his wife and three daughters. Learn more about Richard C. Wilson here, https://familyoffices.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, Seth speaks to Richard C. Wilson, CEO of Family Office Club Association about how he helped $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. The Wilson Holding Company is also the exclusive wine importer and a wine brand representative for Hofkellerei des Fursten Von Liechtenstein, the 600 year old vineyard owned by the princely family of Liechtenstein. Richard is author of the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office and a recently released book called How to Start a Family Office: Blueprints for Setting Up Your Single Family Office. Richard has his undergraduate degree from Oregon State University, his M.B.A. from University of Portland, and has studied master’s level psychology through Harvard’s ALM program while previously residing in Boston. Richard currently resides 10 minutes from downtown Miami on the island of Key Biscayne, Florida with his wife and three daughters. Learn more about Richard C. Wilson here, https://familyoffices.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Family offices are firms that serve the ultra-high net worth investors such as centimillionaires and billionaires. While many people would be over the moon after receiving a $1mm check after hours of negotiations and meetings, those same individuals from family offices wouldn't even show up for such a low amount. In fact, a similar meeting for a family office would leave them in control of an additional $500mm in equity or more. How exactly does the family office business model work? Our guest for today is Richard Wilson who helps families with a net worth of $100mm or more create, manage, and maintain their family office. Richard currently manages 14 clients including mandates with 3 billionaire families. He is also the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. Richard is also the author of a bestselling book in the family office industry, The Single Family Office: Creating, Operating and Managing the Investments of a Single Family Office and a recently released book called How to Start a Family Office. Today we are going to discuss... What categorical shifts need to be made if you are planning on working with centimillionaires and billionaires The three main investing buckets most family offices need to consider filling Some of the strategies that family offices implement that accredited investments can also implement on their own What the future of the family office looks like in the US Learn more about our guest:  familyoffices.com   Subscribe in iTunes. Click here to access our investment opportunities.

Edified Equity Podcast Episode 43: Why Affordable Multifamily, Deal Specific, Direct Investments are Attractive Show Notes: Welcome to the Edified Equity Podcast! My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication. You can learn more about, and follow, us on the Web, iTunes, Stitcher, FB, YouTube, Linkedin, Instagram, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes. If you Find this information Helpful Please Subscribe, Like, Comment, Rate & Review! Associated Links! Edified Equity Website: http://www.edifiedequity.com/ Edified Equity Podcast iTunes: https://itunes.apple.com/us/podcast/dino-pierce/id1381283719?mt=2 Edified Equity Podcast Stitcher: http://www.stitcher.com/s?fid=185852&refid=stpr Edified Equity Facebook Group: https://www.facebook.com/groups/MultifamilyPassiveCashFlow// Edified Equity YouTube Channel: https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww Bigger Pockets Blog: https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors Edified Equity Podcast Episode 43: Why Affordable Multifamily, Deal Specific, Direct Investments are Attractive Affordable Multifamily Housing (AMH), Deal Specific, Direct Investments are Attractive • AMH demand is greater than supply & will be for a while (Millennials & Baby Boomers) • Construction cost, zoning, & regulations have constricted AMH growth • Homeownership is likely to remain suppressed for several years • In several markets Class B & C apartments are outperforming Class A & will this will continue • “Play the Bottleneck” - Learn the benefits of the asset class (Cash Flow, Tax Shelter & Deferment, & Profit Sharing), align with a trusted team, & select an opportunity https://seekingalpha.com/article/4237832-play-affordable-housing-bottleneck?page=1 I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info. I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis! Thanks for Tuning in- Make it a great day - you certainly deserve it! This is Dino Pierce CEO of Edified Equity Signing off - Goodbye #leadership #business #leadership #podcasting #relationships #multifamilyinvestments #impactinvesting #trust #costsegregation #apartments #syndication #equity #directinvestments #cashflow #appreciation #taxshelter #solo401kinvesting #selfdirectedira #passiveincome #alternativeinvestments #highnetworthindividuals #familyoffice #generationalwealth #trusts #privatemoney #privateequity #duediligence #realestate #realestateinvestor #realestatelife #realestateinvesting #legacy #legacyplanning #ROI #multifamily #multifamilyinvesting #investing #investor #investment #entrepreneur #entrepreneurlife #entrepreneurship #hardassets #apartments #apartmentinvesting #financialfreedom #gratitude #CIO #cheifinvestmentofficer #singlefamilyoffice #multifamilyoffice #wealthmanagement #RIA #billiondollarfamilyoffice #edifiedequity #bonusdepreciation

Have you ever had trouble selling to someone that made WAY more money than you? Ever hesitated before revealing price. This episode will help you tremendously. Our guest this week is Richard C. Wilson, CEO of the Family Office Club.  Richard C. Wilson helps $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. Richard literally wrote the book on the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office and a recently released book called How to Start a Family Office: Blueprints for Setting Up Your Single Family Office. This episode is brought to you by "Japan Sales Mastery" the newest book by renowned international business expert Dr. Greg Story. If you need help with your international sales in Japan, this is a MUST read. Dr. Story heads Dale Carnegie Japan and hosts his own podcast "Sales Japan Series." Subscribe to the Sell or Die Podcast! It only takes 7.5 seconds

My guest in this episode is Richard Wilson. Richard helps $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. The Wilson Holding Company is also the exclusive wine importer and a wine brand representative for Hofkellerei des Fursten Von Liechtenstein, the 600-year-old vineyard owned by the princely family of Liechtenstein. Richard is the author of the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office and a recently released book called How to Start a Family Office: Blueprints for Setting Up Your Single Family Office.

Chris Urso is the founder of URS Capital Partners, a real estate investment company that controls over $100 million dollars worth of apartments throughout the U.S.. This is one of the reasons why Chris is the perfect guest on today's show to be talking about how you can get into commercial real estate and multi-family homes.   Key Takeaways: Have interest in commercial real estate? This is the episode for you. What does Chris's business look like today? What attracted Chris to apartment buildings and multi-family properties? Chris believes multi-family is one of the most stable asset classes out there. What advice does Chris have for someone who wants to get into multi-family properties? What should you do if you're in a hot market? If you're already in the real estate game, then don't make the mistake of starting too small. How many units should a first time investor focus on? Where does Chris find good multi-family deals? What kind of things does Chris do to build great relationships with brokers? When first developing these relationships, Chris would write down his elevator speech before making calls to brokers/other key players. Chris shares his thoughts on multi-family market trends, and where they'll be going. in the next couple of years. Is passive income a myth? What kinds of returns does Chris typically get his investors? Chris offers some final pieces of advice for those newbies out there.   Mentioned in This Episode: FlipEmpire.com Flip Empire Private Facebook Group Get Access to Direct Investments at URSCapitalPartners.com Rich Dad Poor Dad, by Robert Kiyosaki Get in touch with Chris on Facebook   Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!   Did you get your FREE Online Course?. Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.   Subscribe To The Flip Empire Show, and Leave a Rating & Review!  

Welcome to Capital Markets Today and the DDC Financials’ series of European Investment Forum podcasts.  Capital Markets Today listeners can use code NSCM30 for a 30% discount to the European Investment Summit being held in Miami Florida USA on March 8 & 9th 2017 Cerberus has raised more than $3.2bn in three dedicated real estate funds in which more than 50% has been invested in European distress debt and real estate.  According to a recent article, Cerberus, who is raising capital for their 4th fund, expects continued significant investment in Europe.  It is estimated that $1.4 trillion of distressed debt is still on the books in Italy, Germany, Spain.  This number does not include some of the hardest hit Southern European countries or eastern Europe. Joining the podcast to discuss the European market and how Family Offices perceive the opportunity is Richard Wilson, CEO & Founder of Wilson Conferences and the Family Office Club.  Richard  helps $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets.  Richard is also the headline speaker at the European Distressed Investment Forum being held on March 8th and 9th in Miami Florida.

http://USImmigrationPodcast.com/10 Mona ShahIn this episode we talk to Immigration Attorney Mona Shah on the difference between Regional Center and Direct investments with regard to the actual EB-5 immigration petition   Mona is the managing partner of Mona Shah and Associates located on Broadway in New York City.  She has over 19 years of legal experience, with more than 15 years concentrated in U.S. immigration and litigation. Mona has hands-on experience setting up, working with and establishing EB-5 Regional Centers nationwide, as well as an impressive track record of many years handling complex immigration matters, including private non-regional center investor cases.   In this episode you will hear:   A compassion of the EB-5 Direct investments vs. Regional Centers from an Immigration standpoint How Regional Centers make use of 'indirect' jobs The indirect job risk of the 'last investor' How different EB-5 models may work better for various industries (i.e. Hotels vs. Restaurant franchises) How the paperwork may be reduced for 'self directed' EB-5 investments, but the importance of the business plan is increased.  (shameless plug for my firm's free  'Matter of Ho' business plan checklist.)     Mona also shares with us:   Business Advice: The KISS principle:  Keep it Simple Savvy Investor (I may have fudged that last part) His personal habits that attributes to his success: She contentiously reads books not just to expand her professional knowledge, but also to increase her cultural understanding and empathy Parting Thoughts: She thanks me for my show!  (ahhh... I'm flattered)   For a limited time, Mona is offering a free, 30 minute consultation for anyone seeking her firm's immigration services.  To take advantage of this offer, please contact her throughour website http://USImmigrationPodcast.com/10    

Wed, 30 May 2012 12:00:00 +0100 https://edoc.ub.uni-muenchen.de/14418/ https://edoc.ub.uni-muenchen.de/14418/1/Christian_Lorenczik.pdf Lorenczik, Christian ddc:330

Mon, 23 Jan 2006 12:00:00 +0100 https://edoc.ub.uni-muenchen.de/4900/ https://edoc.ub.uni-muenchen.de/4900/1/Hauser_Frank.pdf Hauser, Frank ddc:330, ddc:300, Volkswirtschaftliche Fakultät

Mon, 26 Jan 2004 12:00:00 +0100 https://edoc.ub.uni-muenchen.de/2105/ https://edoc.ub.uni-muenchen.de/2105/1/Protsenko_Alexander.pdf Protsenko, Alexander ddc:330, ddc:300, Volkswirtschaftliche Fakult