Podcasts about endowments

Send us a textThis week, we break down the tension between Jerome Powell and Donald Trump—and what it actually means for monetary policy. If you listened to Powell's latest remarks at the Economic Club of Chicago, you may not have thought much of it, but anyone knows how to decode the Fed's deliberately vague words noticed unmistakably hawkish tone. We explain how to read between the lines of Fed speak, what it really means when the Fed prioritizes price stability over growth. We also get into why Trumps remarks on Truth Social led some to be concerned he's considering firing the Fed Chair... we discuss what that would mean for the credibility of U.S. markets.We dive into the economics of elite universities and the real impact of pulling federal research funding. We explain how endowments actually work, where that money goes, and why cutting research dollars isn't just about punishing a school—it risks gutting innovation across biotech, national defense, and the U.S. economy more broadly. Finally, we unpack the return of the Big Tech breakup debate. With Meta and Google back in court over antitrust issues, we explain what a corporate spinoff actually is, how it works, and why breaking up a giant like Meta might help your portfolio. From conglomerate discounts to split-offs and subsidiary IPOs, we walk through the corporate finance mechanics that could drive the next big move in tech.Sign up for our Talent Accelerator HERE today! Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HEREOur Investment Banking and Private Equity Foundations course is LIVE: Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HEREOur content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...

In this wide-ranging conversation, Jeff Malec sits down with Dave Morehead, CIO of Baylor University's $2.2 billion endowment, to explore the unique challenges and strategies of institutional portfolio management. The discussion covers Baylor's innovative approach to portfolio construction, including their successful deployment of volatility strategies during the 2020 market crash, their current cautious stance on equity exposure, and their philosophy on private investments. Morehead explains why they're shifting away from cyclical assets in private markets and focusing on secular growth trends in healthcare, technology, and consumer sectors.Particularly timely is their analysis of recent market volatility, bond market dynamics, and the broader implications of trade policies on institutional investment strategies. The conversation provides a rare glimpse into how a major university endowment navigates market uncertainty while maintaining its core mission of supporting education and student scholarships.Whether you're an institutional investor, family office manager, or investment professional, this episode offers valuable perspectives on long-term portfolio management and the evolving landscape of institutional investing. Learn how one of the industry's thoughtful practitioners approaches risk and return in today's complex markets.You want to learn how institutional portfolios really work? You want to understand how endowments think about risk? You want to hear from someone who's traded it all and now manages billions? SEND IT!Chapters:00:00-00:55 = Intro00:56-09:33 = Hedge Fund Executive Transitions to Higher Education: Exploring Dave Morehead's Career Pivot09:34-26:18 = Baylor University's Strategic Endowment Investment Philosophy Revealed26:19-36:20 = Beyond the S&P 500: Discovering Unique Investment Opportunities in Helium and Niche Markets36:21-46:30 = Hedging Strategies and Volatility Management: Navigating Market Uncertainty with Strategic Risk Mitigation46:29-53:51 = Trust Issues and Geopolitical Challenges: Overcoming Uncertainty in Modern Investing53:52-01:00:32 = The Long-Term Perspective: Endowment Investing Beyond Quarterly Returns01:00:33-01:09:39 = An 80s Rock Music Nostalgia Trip: Revisiting the Iconic Sounds of the DecadeFollow along with Dave on LinkedIn and X and also be sure to check out Baylor's endowment for more information!Don't forget to subscribe to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and our host Jeff at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AttainCap2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ , and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

Harvard is taking on the Trump admin for $2B… so we looked at the Economics of Endowments.60% of Coachella ticket sales were payment plans… it's not buy-now-pay-later, it's pay-now-party-later.Netflix thinks it's recession-proof… So its new internal goal? Hit $1 trillion Dollars.Plus, what's the most forgetful day of the year?... Uber's Lost & Found data just told us$NFLX $SPOT $UBERWant more business storytelling from us? Check out the latest episode of our new weekly deepdive show: The untold origin story of Subscribe to The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinks to listen.“The Best Idea Yet”: The untold origin stories of the products you're obsessed with — From the McDonald's Happy Meal to Birkenstock's sandal to Nintendo's Susper Mario Brothers to Sriracha. New 45-minute episodes drop weekly.—-----------------------------------------------------Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It's The Best Idea Yet.GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts FOR MORE NICK & JACK: Newsletter: https://tboypod.com/newsletter Connect with Nick: https://www.linkedin.com/in/nicolas-martell/ Connect with Jack: https://www.linkedin.com/in/jack-crivici-kramer/ SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Anything else: https://tboypod.com/ Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It's The Best Idea Yet.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

#BERLIN: ALMOST MERZ. Judy Dempsey, Senior Scholar, Carnegie Endowment for International Peace in Berlin. 1879 PARIS UNDER PRUSSIAN BOMBARDMENT

#EU: VS POTUS. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. BRUSSELS

Gloucester Cathedral, St Peter's Abbey before the dissolution in 1540, was founded in 1541. The ‘Deed of Endowment', one of three documents created for the occasion features in this video complete with flattering portrait of King Henry VIII, a Garter Badge, badge of the Prince of Wales and the original green and white (the Tudor colours) silk cord which once held the great seal. The oldest items in the archive are pages from Aelfric's The Lives of Saints which had been reused as decorative pages in a later book binding. They are around 1000 years old and look as fresh as the day they were written!The most significant item to the Cathedral is its ‘Historia,' created by monks at the Abbey in the 1390s and recording as much of the Abbey's history as they were able to. Archivist Rebecca Phillips is fairly confident that they didn't have written records from which to source information and so this is the first time the oral history of the abbey had been written down. It would then have been copied and distributed to daughter houses of the Abbey to share their story and engender a sense of belonging. British History is a reader-supported publication. To support my work, please consider becoming a free or paid subscriber.We get to see these items up close in this video plus an exquisitely embroidered King James Bible, the first Chapter Book of the Cathedral containing the signature of William Laud, and an ironic reliquary. The reliquary is thought to contain a fragment of the stake on which Bishop Hooper, Bishop of Gloucester, was burned during Mary I's reign. It's a beautifully carved and decorated box, the irony being in that Hopper was opposed to the use of relics. I hope you enjoy this video. If you do please consider subscribing to my Youtube channel and, if you can afford it, becoming a paid subscriber here as it helps me continue creating informative and fun content like this.Wishing you a fabulous day!Philippa

In this episode Warren Ingram and Pieter de Villiers discuss the intricacies of retirement fund contributions, tax benefits, and investment strategies for individuals nearing retirement answering your questions. They speak to the importance of understanding contribution limits, maximizing tax benefits, and the need for liquidity in retirement. Question: "Hello Honest Money team, I have a question regarding which in your opinion is the better long term (15 years or more) approach: Contributing more than R350k per year to your provident fund or only contributing up to R350k and putting the rest in to a tax free savings account? From my own research there seems to be merit in both, but I'm still unclear on what the optimal solution could be. I would appreciate your opinion on this. Thank you and regards, Gert Kruger."TakeawaysYou can contribute up to 27.5% of your taxable income to retirement funds.Over-contributions to retirement funds can be rolled over for tax benefits.Tax-free savings accounts have strict contribution limits and penalties for over-contribution.Maximizing contributions to retirement funds is generally advisable for tax benefits.Liquidity is crucial in retirement for unexpected expenses and lifestyle choices.Flexibility in accessing funds is more valuable than strict tax efficiency.Diversification helps mitigate concentration risk in retirement planning.Endowments can be beneficial for high-income earners due to tax advantages.It's important to balance tax planning with overall investment strategy.Life events can impact financial decisions, so having accessible capital is essential.Learn more about Prescient Investment Management here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

#BERLIN: AFD (ALTERNATIVE FOR DEUTSCHLAND) OUTPOLLS THE CDU. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1936 OLYMPICS

 BERLIN: COALITION OF THE WILLING, JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1933 BERLIN

STATE SEN. LAURA SMITH (D-HELENA, MINORITY WHIP) TRT: 11:21 EARLY CHILDHOOD ENDOWMENT/CHLDCARE WORKERS PAY/ELLSWORTH CENSURE

This week, Melinda Brown's new book An Endowment of Love was dropped on Deseret Book shelves. In it, she offers a fresh and unique approach to the temple, helping us see the connection between our temple covenants and principles of eternal, loving relationships. So in this episode, Director of Content for Deseret Book Michelle Torsak sits down with Melinda to discuss how we can take a fresh look and see the temple with new lenses. They discuss how we can better understand covenantal relationships, and Mindy shares walks us through a few parts of her new book that will help us better see our covenants as manifestations of our love for God.   You can order Melinda's book now at deseretbook.com or at your local Deseret Book store.   Head to magnifythegood.com/events to register now for “Learning Together: Transform Your Temple Experience” happening on May 6 at 7pm in Studio Draper. We will also have a Zoom link for those who are not local.      

EU: TALK TALK RE UKRAINE: JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1860 BECHTESGADEN

BERLIN: MERZ DISAPPOINTING.  JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1850 BECHTESGADEN

PREVIEW: Colleague Judy Dempsey of the Carnegie Endowment comments on the kind of support that EU members offer Ukraine. More later. 1871 PRUSSIANS AT PARIS

On today's EXTRA episode Warren Smith explains why he thinks Christian ministries should not have endowments. He says the Internal Revenue Service recognizes 1.9 million organizations as tax-exempt. Of these, more than a million of them are “religious” organizations. For almost all of them, an endowment is a bad idea. To read Karen Houghton's piece on why she thinks ministries should have endowments, click here. The producer for today's program is Jeff McIntosh. Until next time, may God bless you.

Everybody should have an endowment, shouldn't they? Not so fast -- Andy and Stacey have some thoughts. Also this week, are restaurant marketing fundraisers a good way to make a little money? Thanks for joining us this week, and please, please, please send any and all nonprofit-related questions to questions@NonprofitEverything.com.

#BERLIN: HERR MERZ AND THE SPD. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN.1945 BERLIN

#EU: TRUMP IS THE MOTIVE. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1781 NORTH SEA

The recent crackdown on federal spending has universities sweating despite the fact that many of them boast huge billion-dollar endowments. So what gives? Why would less money from the federal government be a cause for concern? Where does all that money go? And could there be more to this budget picture than meets the eye? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen delve into the inner workings of university endowments and how these institutions are balancing their budgets in a way that's leaving themselves vulnerable to dire financial situations. Read John Cambell, Jeremy Stein, and Alex Wu's paper, “Economic Budgeting for Endowment-Dependent Universities” here. Find All Else Equal on the web:  https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.

Preview: Colleague Judy Dempsey of Carnegie Endowment in Berlin comments on how POTUS turn away from Atlanticism has moved Europe as the Russian threat has not. More later. 1911 BRUSSELS

Muthu Muthiah is the CIO at Children's Healthcare of Atlanta (CHOA), one of the largest pediatric care providers in the United States. At CHOA, Muthiah leads the investment office, which manages the system's long-term $6.4 billion investment portfolio. Previously Muthu has been in several allocator roles at different types of institutional pools of capital.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comCHOA's website - https://choa.org/Muthu Muthiah on LinkedIn - https://www.linkedin.com/in/muthumuthiah/

Ben and Jerry's CEO fired for posting in support of Mahmoud Khalil. In light of the rogue judiciary attempting to thwart Trump's agenda, we look back at the Democrats' previous statements encouraging Biden to ignore the Supreme Court. Would you support raising taxes on college's endowments? Visit the Howie Carr Radio Network website to access columns, podcasts, and other exclusive content.

#EU: RUSSIA NOT INVITED, JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1961 CHECKPOINT CHARLIE

#EU: GERMANY READY TO SPEND INFRASTRUCTURE AND DEFENCE, JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1900 SCHWEINFURT

Laura Macdonald visits the SnapCast to talk about endowments, their utility, and why your nonprofit might want to think about adding an endowment to your funding priorities, and how to prepare to do so. Among the things we discuss: Making the Case for Endowments •      Why are endowments beneficial from an institutional perspective? •      What resonates with donors about endowments? •      How can we help donors see the benefits of endowments versus annual cash donations? •      How do we make a solid case for endowments to skeptical donors?   Stewardship of Endowments •      How do we steward endowments effectively? •      What are common pitfalls in endowment management, and how can they be avoided? Be sure to check out the Endowment Handbook for more insights into this important topic. We welcome support of the Nonprofit SnapCast via Patreon. We welcome your questions and feedback via The Nonprofit SnapCast website. Learn more about Nonprofit Snapshot's consulting services.

Marieke de Roo, Mercer's Leader in Europe for Single Family Offices and Endowments & Foundations, is joined by Texas Hemmaplardh and Cori Trautvetter, both Partners and Co-Leads of Mercer's US Endowment and Foundation Investment Practice, to explore how endowments and foundations can potentially achieve portfolio resilience in an economic and market environment that's in a state of flux. The conversation covers the challenge of diversification amidst a strong U.S. market, managing liquidity in the face of inflation and market shifts, governance may be a silent enabler of success, and the importance of aligning investments with organizational values.This content is for institutional investors and for information purposes only. It does not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial situation. If you require advice based on your specific circumstances, you should contact a professional adviser. Opinions expressed are those of the speakers as of the date of the recording, are subject to change without notice and do not necessarily reflect Mercer's opinions. This does not constitute an offer or a solicitation of an offer to buy or sell securities, commodities and/or any other financial instruments or products or constitute a solicitation on behalf of any of the investment managers, their affiliates. For the avoidance of doubt, this is not formal investment advice to allow any party to transact. Additional advice will be required in advance of entering into any contract.There are substantial risks associated with investments classified as alternative investments. Investors should have the ability, investing sophistication and experience to bear the risks associated with such investments.Read our full important notices - click here

The financial world stands at a crossroads where unprecedented US stock market valuations meet revolutionary portfolio strategies and tax solutions. Meb Faber, founder of Cambria Investment Management, cuts through market noise to deliver essential insights for investors navigating today's challenging landscape.With US stocks experiencing one of their four major valuation peaks in history and the S&P 500 delivering a 10-bagger return since 2009, many investors find themselves trapped in concentrated positions they can't sell due to tax consequences. The warning signs are clear – market cap weighted indexes have become dangerously concentrated, with most investors significantly overweight in US equities compared to global alternatives.Faber introduces Cambria's groundbreaking endowment-style ETF (E&DW) that reimagines David Swensen's Yale approach for everyday investors. This strategy employs modest leverage (130-150%) across a truly global asset allocation that emphasizes foreign markets, value investments, and real assets – areas consistently underrepresented in typical portfolios. Historical evidence suggests this approach can potentially deliver Yale-like returns (13% annually) compared to the 8-10% from traditional allocations, though with comparable equity-like volatility.The presentation's most revolutionary concept comes through Faber's explanation of Section 351 ETF conversions – a tax strategy allowing investors to contribute appreciated stock positions to seed ETFs without triggering capital gains. This mechanism works like a 1031 exchange for stocks, enabling trapped investors to diversify concentrated positions while deferring taxes. The implications are transformative, potentially creating more impact than the entire crypto ETF phenomenon.Whether you're concerned about market valuations, seeking portfolio diversification strategies, or exploring tax-efficient investment approaches, this presentation delivers actionable insights from one of investment management's most innovative thinkers. The combination of endowment-style investing with tax-efficient conversion strategies represents a genuine paradigm shift in how investors can approach wealth management in 2025 and beyond.DISCLAIMER – PLEASE READ: This is a sponsored episode for which Lead-Lag Publishing, LLC has been paid a fee. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided in the episode or make any representation as to its quality. All statements and expressions provided in this episode are the sole opinion of Cambria Investment Management and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided in the discussion. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time withou Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

On today's show, I'm sitting down with Democratic New Hanover County Commissioner Stephanie Walker to talk about her perspective on the county's budget negotiations — which are going on right now. Walker, who was recently elected to her first term as a commissioner in November after serving for four years on the county's school board, campaigned as a strong education advocate. So we asked her about education funding, but also other issues — including the proposed removal of the county's DEI program, and how The Endowment could step in with certain funding priorities.

On today's show, I'm sitting down with Democratic New Hanover County Commissioner Rob Zapple to talk about his priorities and perspectives on the county's ongoing budget process. We asked Zapple about what he thinks about efforts to make the county more financially efficient — as well as calls to do away with the county's DEI office, and have the Endowment step in to help with funding in some areas.

On today's show, I'm sitting down with Republican New Hanover County Commissioner LeAnn Pierce about her thoughts and goals as the county's budget negotiations move forward. We asked Pierce, vice-chair of the Board of Commissioners, about her thoughts on where the tax rate should go — and ways to make the county more efficient, including calls to eliminate DEI and have The Endowment step in to support some previously county-funded programs.

#EU: GALVANIZED. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1890 SAXONY

  Britt Harris is a legendary figure in finance, having served as CIO for top-five investment funds across Endowments, Public Funds, Private Funds, and Hedge Funds—an achievement unmatched in the industry. Currently, he leads On Eagles Wings Advisors and has previously served as CIO for UTIMCO, the largest endowment for public education in the U.S. He also led Bridgewater Associates and Verizon. Despite his remarkable career, Britt's journey is defined by his commitment to significance over success, inspired by his faith and the mentorship of Bob Buford.  In this episode of The Wow Factor, Britt Harris shares his life story from his roots as a fourth-generation Aggie to becoming one of the most influential investors in the world. He discusses how Bob Buford's teachings helped him see that life's highest calling is significance, not just success. He also opens up about the importance of faith, family, and generosity, and how he and his wife, Julia, set a financial finish line that has guided their life of purpose and impact for over 43 years.  This conversation is filled with lessons on leadership, decision-making, and living a life of impact and purpose, making it a must-listen for anyone looking to balance career success with meaningful contributions to others.  “This is a generation that desperately wants to be taught. They want to be mentored. They're unmoored. They really want to be successful. They've got the technical parts down, but they don't have the relational parts.” — Britt Harris  “Success is not the top of the ladder. Significance is.” — Britt Harris   “Every great company has a defined culture that is extreme. It's not just something on the wall or something people hear about once a year. It permeates the company. When you walk in as an employee, you either love it or you don't.” — Britt Harris  This Week on The Wow Factor:  Success vs. Significance: How Bob Buford's mentorship taught Britt that life's highest calling is significance, not just success.  Financial Finish Line: Why Britt and Julia set a financial finish line at age 45 and how it shaped their life of generosity and purpose.  The Titans of Investing: How Britt's passion for teaching and mentorship led to the creation of a program that's shaped over a thousand future leaders at Texas A&M and the University of Texas.  Leadership and Influence: Lessons from managing some of the world's largest endowment funds and leading eight major companies.  Faith and Family: How Britt prioritizes his faith, family, and friendships, juggling the ‘glass and rubber balls' of life to maintain balance and purpose.  Decision-Making Framework: The five Fs—Faith, Family, Friends, Fitness, and Finance—that guide Brit's decisions in life and business.  Living Generously: Insights on why generosity is a discipline that needs to be developed early in life.  Work-Life Balance Myth: Why Britt believes true work-life balance doesn't exist but living a life of purpose and passion does.  Britt Harris's Words of Wisdom:  Life's true purpose lies in pursuing significance over success by living generously, staying grounded in faith, and impacting others through leadership and mentorship. His philosophy centers on balancing faith, family, and purpose to create a meaningful legacy.  Connect with Britt Harris:  Email Britt  The Titans of Investing  Connect with The Wow Factor:   WOW Factor Website   Brad Formsma on LinkedIn    Brad Formsma on Instagram    Brad Formsma on Facebook    X (formerly Twitter)     

This Day in Legal History: Lend-Lease ActOn March 11, 1941, President Franklin D. Roosevelt signed the Lend-Lease Act into law, fundamentally reshaping U.S. foreign policy during World War II. The legislation empowered the President to provide military aid to countries deemed essential to American national security, even if they could not immediately pay for the supplies. This marked a decisive shift from the nation's prior isolationist stance, allowing Roosevelt to support the Allies without directly engaging in combat. Under the act, the United States sent over $50 billion in war materials to nations such as the United Kingdom, the Soviet Union, and China. The aid included weapons, vehicles, food, and other critical supplies, strengthening the Allied war effort against Axis forces. British Prime Minister Winston Churchill described the act as crucial to his country's survival, calling it "the most unsordid act in the history of any nation." The law also laid the groundwork for closer U.S.-Allied relations, ensuring American economic and military influence in global affairs. While many supported the act as a necessary step to combat fascism, isolationists in Congress criticized it as a step toward war. Their fears proved correct when Japan's attack on Pearl Harbor in December 1941 led to full U.S. involvement in the conflict. Lend-Lease remained in effect until September 1945, helping to shape the postwar world order. The program reinforced the role of the United States as the "Arsenal of Democracy," a term Roosevelt had coined to describe its industrial and military production for the Allied cause. The principles behind Lend-Lease also influenced future U.S. foreign aid programs, including the Marshall Plan. By prioritizing strategic alliances and military support, the act cemented America's role as a dominant force in international relations.U.S. Circuit Judge James Ho resigned from the Federal Judges Association (FJA) over its recent statement addressing rising threats, criticism, and violence against the judiciary. Ho, a Trump-appointed judge and potential Supreme Court nominee, objected to what he saw as a selective concern for judicial independence. The FJA, which represents over 1,100 federal judges, warned against "irresponsible rhetoric" and security risks but did not name specific cases or threats. The statement came amid increasing attacks on judges from figures like Elon Musk and Trump allies, particularly targeting those blocking conservative policies. FJA President Judge Michelle Childs cited growing threats, including intimidation and impeachment efforts, as challenges to judicial independence. Ho criticized the group for not issuing similar warnings when conservative justices, like Brett Kavanaugh, faced threats, arguing that defending only certain judges politicizes the judiciary. He announced his resignation at a Federalist Society event, framing his departure as a stand against perceived bias. The FJA did not respond to requests for comment.Fun fact about Judge Ho, he was sworn in to the 5th Circuit by Justice Clarence Thomas at a library owned by Harlan Crow. Longtime readers of Minimum Competence will remember I featured Crow in a column back in 2023:We've learned much about Crow over the past few weeks—as a friend and benefactor of Justice Clarence Thomas, a collector of Hitlerania and garden gnome versions of history's greatest monsters, and a holder of a “cashport” (I'm coining that term here) to St. Kitts and Nevis, another country that is well known as a tax haven. Some call them golden visas, but that's a euphemism intended to give the entire process the air of legitimacy. James Bond carries a golden visa, Harlan Crow buys a cashport.Trump-appointed judge quits judicial group over warning about threats | ReutersGolden Visas Let People Like Harlan Crow Keep Too Much Hidden (2)The U.S. Supreme Court has agreed to hear a challenge to Colorado's ban on "conversion therapy" for minors, brought by Christian therapist Kaley Chiles. Chiles argues the 2019 law violates her First Amendment rights by restricting her ability to counsel clients in line with her religious beliefs. Colorado officials maintain that the law regulates professional conduct, not speech. Lower courts upheld the ban, citing evidence that conversion therapy is harmful and ineffective. The Supreme Court's decision to take the case follows its recent pattern of ruling in favor of religious interests over LGBT protections. The Court previously declined to hear a similar case from Washington state, though conservative justices dissented. The case will be argued in the Court's next term, starting in October. The ruling could have nationwide implications, as over two dozen states have similar bans. The Court is also considering other cases on LGBT and religious rights this term, with decisions expected by June.US Supreme Court to hear challenge to Colorado gay 'conversion therapy' ban | ReutersWealthy U.S. colleges are ramping up efforts to fight potential tax increases on their large endowments amid growing Republican scrutiny. The Trump administration's recent decision to cut federal funding to Columbia University over alleged antisemitism is just one example of political pressure elite schools are facing. Universities like Harvard, Princeton, and MIT are intensifying lobbying efforts, with leaders traveling to Washington to protect their multibillion-dollar funds. Critics argue that these institutions, which already benefit from tax advantages, should not be allowed to accumulate vast wealth tax-free while tuition remains high. Some proposals in Congress seek to raise the current 1.4% endowment tax or expand it to include schools with smaller per-student endowments. Universities warn that higher taxes could reduce financial aid and deter donors, affecting students who rely on scholarships. The fight comes as Congress prepares for a major tax policy debate in 2025, with Republican lawmakers pushing for broader tax reform. Some smaller institutions, like Wabash College, fear they could be unfairly targeted despite having far fewer resources than elite schools. Meanwhile, top universities continue to brace for further financial and political attacks, with some implementing hiring freezes in response to federal funding threats.Wealthiest Colleges Fight to Protect Their Riches From Taxation This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Keywords:Bitcoin, Bitcoin Park, home mining, community, Intel chips, grants, events, hash rate, media coverage, mining strategiesSummaryThe conversation covers various aspects of the Bitcoin community, including the importance of physical spaces like Bitcoin Park, influential figures in the Bitcoin space, the home mining revolution, and the need for community support. The discussion also touches on manufacturing challenges, grant projects, upcoming events, and the future of Bitcoin mining. The hosts emphasize the significance of collaboration and innovation within the community, while also addressing current events and news related to Bitcoin.TakeawaysThe value of community spaces like Bitcoin Park is immense.Influential figures can significantly impact the Bitcoin narrative.Home mining is becoming a crucial part of the Bitcoin ecosystem.Manufacturing challenges exist, especially with new technologies like Intel chips.Grant projects are essential for fostering developer engagement.Upcoming events can help strengthen community ties and awareness.Innovative mining projects showcase the creativity within the community.Funding and financial sustainability are critical for long-term success.Media coverage can help elevate Bitcoin's presence in mainstream discussions.The future of Bitcoin mining will rely on collaboration and innovation.Chapters00:00 Introduction and Dog Talk03:07 Bitcoin Park and Community Engagement06:03 Influential Figures in Bitcoin09:08 The Importance of Third Spaces12:00 Manufacturing and Intel Chips15:00 Project Updates and Future Plans18:08 Community Involvement and Events23:52 Bitcoin Takeover at South by Southwest25:18 Mainstream Media and Bitcoin Coverage26:37 Bitcoin's Relationship with South by Southwest28:15 Live Streaming and Community Engagement30:46 Innovative Fundraising Ideas32:44 Upcoming Events and Collaborations34:33 Long-term Support for Bitcoin Projects36:31 Funding Strategies for the 256 Foundation38:46 Endowment and Sustainable Funding Models40:56 Building Tools for the Bitcoin Industry42:52 State of the Bitcoin Network52:58 Home Miner Highlights56:31 Innovative Mining Setups01:00:10 News and Updates in Bitcoin Mining01:04:53 Controversies in Power Supply and Bitcoin Mining01:11:27 Closing Thoughts and Future Plans

Britt Harris is a legendary figure in finance, having served as CIO for top-five investment funds across Endowments, Public Funds, Private Funds, and Hedge Funds—an achievement unmatched in the industry. Currently, he leads On Eagles Wings Advisors and has previously served as CIO for UTIMCO, the largest endowment for public education in the U.S. He also led Bridgewater Associates and Verizon. Despite his remarkable career, Britt's journey is defined by his commitment to significance over success, inspired by his faith and the mentorship of Bob Buford. In this episode of The Wow Factor, Britt Harris shares his life story from his roots as a fourth-generation Aggie to becoming one of the most influential investors in the world. He discusses how Bob Buford's teachings helped him see that life's highest calling is significance, not just success. He also opens up about the importance of faith, family, and generosity, and how he and his wife, Julia, set a financial finish line that has guided their life of purpose and impact for over 43 years. This conversation is filled with lessons on leadership, decision-making, and living a life of impact and purpose, making it a must-listen for anyone looking to balance career success with meaningful contributions to others. “This is a generation that desperately wants to be taught. They want to be mentored. They're unmoored. They really want to be successful. They've got the technical parts down, but they don't have the relational parts.” — Britt Harris “Success is not the top of the ladder. Significance is.” — Britt Harris “Every great company has a defined culture that is extreme. It's not just something on the wall or something people hear about once a year. It permeates the company. When you walk in as an employee, you either love it or you don't.” — Britt Harris This Week on The Wow Factor: Success vs. Significance: How Bob Buford's mentorship taught Britt that life's highest calling is significance, not just success. Financial Finish Line: Why Britt and Julia set a financial finish line at age 45 and how it shaped their life of generosity and purpose. The Titans of Investing: How Britt's passion for teaching and mentorship led to the creation of a program that's shaped over a thousand future leaders at Texas A&M and the University of Texas. Leadership and Influence: Lessons from managing some of the world's largest endowment funds and leading eight major companies. Faith and Family: How Britt prioritizes his faith, family, and friendships, juggling the ‘glass and rubber balls' of life to maintain balance and purpose. Decision-Making Framework: The five Fs—Faith, Family, Friends, Fitness, and Finance—that guide Brit's decisions in life and business. Living Generously: Insights on why generosity is a discipline that needs to be developed early in life. Work-Life Balance Myth: Why Britt believes true work-life balance doesn't exist but living a life of purpose and passion does. Britt Harris's Words of Wisdom: Life's true purpose lies in pursuing significance over success by living generously, staying grounded in faith, and impacting others through leadership and mentorship. His philosophy centers on balancing faith, family, and purpose to create a meaningful legacy. Connect with Britt Harris: Email Britt The Titans of Investing Connect with The Wow Factor:  WOW Factor Website  Brad Formsma on LinkedIn   Brad Formsma on Instagram   Brad Formsma on Facebook   X (formerly Twitter)    

Dive into the intriguing world of endowment investing as we explore the performance strategies of Yale University, one of the top-performing institutions. With unique insights from experts, we dissect why Yale's model has consistently outperformed traditional portfolio allocations and what lessons everyday investors can apply to their financial strategies.In this episode, we take you through an analysis of Yale's innovative investment strategies, including their remarkable asset allocation, which noticeably differs from common practices. You'll learn about the advantages of tax-exempt investing, and how these long-term strategies can serve as guiding principles for individual investors looking to optimize their own portfolios.We also introduce the concept of the Endowment ETF, a new vehicle that aims to democratize access to sophisticated investment strategies previously reserved for elite investors. By providing an opportunity for diversification and efficiency, this ETF could reshape the current landscape, allowing more people to benefit from strategies that have stood the test of time.Join us as we navigate critical market trends and discuss investor psychology throughout various political landscapes. This episode not only informs but also inspires listeners to reconsider their approaches to investing. Subscribe now to ensure you never miss a chance to enhance your financial literacy!DISCLAIMER – PLEASE READ: This is a sponsored episode for which Lead-Lag Publishing, LLC has been paid a fee. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided in the episode or make any representation as to its quality. All statements and expressions provided in this episode are the sole opinion of Cambria and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided in the discussion. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

2/2 #BERLIN:THE WEAK CENTER AND THE SURGING RIGHT. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1350 SCHWEINFURT

1/2; #BERLIN:THE WEAK CENTER AND THE SURGING RIGHT. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1772 POTSDAM

In 2019, two pastors from my church approached me with a request: would I be willing to create a foundation or endowment to raise money for the Christian school our church operates? Without hesitation, I said yes. Both of my children had attended the school, and it had a profound impact on our family. While I had experience serving on nonprofit boards, I had never started a nonprofit from scratch. This was entirely new territory. I spent the first year immersed in research—consulting legal experts, meeting with our church's board of elders, and speaking with leaders from other schools that had established foundations. Then, in October 2020, I was introduced to Ross Hjelseth. Ross had served as the head of schools at Life Christian Academy in Tacoma, WA, where he helped establish their foundation. His coaching and consulting played a crucial role in helping us navigate the process and make meaningful progress. Having gone through this experience—and after receiving multiple inquiries from others looking to do something similar—I realized it would be valuable to record a podcast on the topic. My goal is to provide a roadmap for anyone considering starting a foundation, helping them move forward more efficiently. In today's episode, I'm joined by Ross to discuss the process, key steps, and timeline involved. While Qualified Charitable Distributions (QCDs) and Donor-Advised Funds (DAFs) are sufficient for most people's charitable giving, for those interested in establishing a foundation, this conversation is for you. I hope you find it helpful. To find links and resources mentioned in today's podcast, visit SoundRetirementPlanning.com and click on episode #448. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement. Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.      

#BERLIN: CDU HOLDING OFF THE AFD? JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1871 POTSDAM

#EU: NOT INVITED. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. BRUSSELS 1811

  Support the work of Aaron Good by subscribing to American Exception on Patreon! Aaron is joined by Ben Thomason. Ben recently earned his doctorate in American Cultural Studies from Bowling Green State University. His dissertation title is Making Democracy Safe for Empire: A History and Political Economy of the National Endowment for Democracy, United States Agency for International Development, and Twenty-First Century Media Imperialism. In the show, we discuss the subject of his dissertation: the US empire's so-called “democracy promotion” enterprises. Special thanks to: Dana Chavarria, production Casey Moore, graphics Michelle Boley, animated intro Mock Orange, music

#EU THREATENS AI..  JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. 1897

#GERMANY: CDU DANCES WITH AFD. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. POTSDAMI 1871 .

#BERLIN: POTUS OPINION.. Judy Dempsey, Senior Scholar, Carnegie Endowment for International Peace in Berlin. Trump and Germany. 1772 POTSDAM MARKET

#BERLIN: CDU entertain a coalition with AFD. Judy Dempsey, Senior Scholar, Carnegie Endowment for International Peace in Berlin. 1890 SAXONY

#BERLIN: Macron and Scholz in Paris is old Europe. Judy Dempsey, Senior Scholar, Carnegie Endowment for International Peace in Berlin.LI 1871 Communards

#BERLIN. Many in the CDU supports Ukraine. Judy Dempsey, Senior Scholar, Carnegie Endowment for International Peace in Berlin. 1890 Saxony