Podcasts about fdic

Get Sam's exact system/playbook for ChatGPT: https://clickhubspot.com/jdeb Episode 807: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the wildest stories in AI right now.  — Show Notes:  (0:00) Intro (5:08) Story 1: Anthropic did $6B in revenue last month (10:34) Story 2: Man uses AI to treat his dog's cancer (17:06) Story 3: New high school for entrepreneurs  (29:12) Story 4: Pokemon Go is an AI mapping company now (35:18) Story 5: Karpathy's job thing — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

For episode 695 of the BlockHash Podcast, host Brandon Zemp is joined by Alex Mirran, the Gradient Business Development team lead in North America onboarding key inference customers and developing strategic partnerships. Alex has spent over 8 years in distributed AI systems, fintech, and capital management executing go to market strategies and capital formation.

On this episode:Doniphan uses a strong 4th quarter to edge out Benton girls in the Class 4 Semifinal. Hear from the team after the game.Wanna thank the following for helping sponsor the trip:- Ky & Krystin Turner - Benton Booster Club- Annie & Noah Roseberry of Re/Max Professionals - Green Family Chiropractic Wanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, Rob & Stacia Studer, Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Get Sam's guide to run your life like a $100M biz: https://clickhubspot.com/kdmv Episode 806: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to David Heinemeier Hansson ( https://x.com/dhh ) about AI,  being wrong in public, and taking on Apple.  — Show Notes:  (0:00) How to stand out (7:48) not giving a damn (9:57) liquid vs crystalized intelligence (12:03) constraints breed creativity (18:18) being publicly wrong (24:27) taste vs data (33:25) Being in awe of Shopify  (41:05) how David uses AI (47:49) What won't work today (51:23) who David admires (1:00:13) Longevity decisions (1:07:09) Taking on the App Store and Google — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

For episode 694 of the BlockHash Podcast, host Brandon Zemp is joined by Trevor Harries-Jones, Board Director for Render Network, a decentralized GPU network powering some of the world's biggest visual and entertainment projects, including Las Vegas Sphere visuals, Super Bowl trailers, and Coachella stage shows. They are emerging as a counterweight to GPU consolidation and an alternative compute layer for AI and real-time rendering. 

The Benton Boys & Girls Basketball Teams are returning back to the Class 4 Final Four.You will hear from both teams as well a dive into some history and how both teams got here. Wanna thank the following for helping sponsor the trip:- Ky & Krystin Turner - Benton Booster Club- Annie & Noah Roseberry of Re/Max Professionals - Green Family Chiropractic Also want to thank our year long sponsors:Wanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, Rob & Stacia Studer, Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

For episode 693 of the BlockHash Podcast, host Brandon Zemp is joined by Dr. Hany Demian, a longevity and anti-aging specialist. Dr. Hany Demian is focused on the intersection of longevity medicine, systems-based care, and artificial intelligence.  

On this episode:North Platte & Penney boys finish their seasons with 3rd place trophies the best in their respective histories. Hear from both teams.Benton boys return to the Class 4 Final Four for the 2nd season.Atchison boys fall in the 4A 3rd place game.Want to thank the following business that helped make the trip possible.Double M Towing and RepairRock Creek SeedsHy-Klas Foods Hamilton & PoloWanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Send a textAndy Yakulis—West Point graduate, former Army pilot, and Special Operations officer turned defense tech entrepreneur—joins Joe to talk about leadership, transition, and the rapidly changing nature of modern warfare.Recruited to West Point just days before September 11th, Andy entered the Army knowing he would serve during a generation defined by war. After flying Kiowa Warrior helicopters and spending nearly a decade in Special Operations, he became increasingly frustrated with the gap between the technology soldiers used in combat and what existed in the civilian world.Together, they discuss Andy's decision to leave the Army at 18 years to start Vector, a company focused on unmanned systems, as well as the challenges of military transition, the realities of leadership in the private sector, and how paying attention to what captures your curiosity might reveal the work you're meant to pursue.Watch the full interview on YouTube!Joe and Andy also discuss:Why physical fitness and sleep still shape Andy's decision-making as a CEOThe value of civilian education for military leadersThe “Saturday morning coffee test” for discovering what you're passionate aboutWhy veterans shouldn't feel pressure to find the perfect post-military job immediatelyThe challenge of leading teams in the private sectorWhy the future of warfare may shift from one operator controlling one drone to one operator orchestrating manyWhether you're transitioning out of the military, exploring entrepreneurship, or curious how technology is changing warfare, this episode offers insights on leadership, innovation, and pursuing work you feel called to do.A Special Thanks to Our Sponsors!Veteran-founded Adyton. Step into the next generation of equipment management with Log-E by Adyton. Whether you are doing monthly inventories or preparing for deployment, Log-E is your pocket property book, giving real-time visibility into equipment status and mission readiness. Learn more about how Log-E can revolutionize your property tracking process here!Dunedain Systems is a veteran-founded defense technology company building Warmind, an AI platform that accelerates military planning, operations, and document generation. Warmind connects to your unit's data and learns how your warfighting function operates, delivering outputs tailored to your SOPs and operational context rather than generic AI responses. Whether your team is building OPORDs, running intel workflows, or generating CONOPs, Warmind handles the heavy lift so your staff can focus on decisions, not paperwork. Built by combat veterans who lived the problem firsthand, Warmind is already in use across SOCOM and the broader DoD. The beta is free for anyone with a .mil or .edu email at dunedainsystems.com.Meet ROGER Bank—a modern, digital bank built for military members, by military members. With early payday, no fees, high-yield accounts, and real support, it's banking that gets you. Funds are FDIC insured through Citizens Bank of Edmond, so you can bank with confidence and peace of mind. Logistics Systems Incorporated (LSI) is a Service-Disabled Veteran-Owned Small Business supporting DoD and federal civilian agencies with enterprise IT operations, global logistics support, cybersecurity, data, and mission support services. Founded by a veteran Army leader, LSI is known for operating inside

On this episode:North Platte boys 2nd half shooting woes result in a Class 3 semifinal loss to Miller Career Academy.Turnovers doom Penney boys in the Class 2 State semifinal falling to Hayti.Benton girls are back in the Final Four for the 5th time in 6 seasons.Atchison boys undefeated season come to an end with an upset loss to Baldwin.Want to thank the following business that helped make the trip possible.Double M Towing and RepairRock Creek SeedsHy-Klas Foods Hamilton & PoloWanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Get Sam & Shaan's pro-level biz resource vault (free): https://clickhubspot.com/kgcm Episode 805: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to the branding genius behind BlackBerry, Sonos, Vercel and Swiffer about how to create a billion-dollar brand name.  — Show Notes:  (0:00) Nothing will be used more than your name (2:01) Windsurf (3:50) Swiffer (10:06) Naming game: Fiber startup (17:14) quantity leads to quality (29:46) Problem solving propositions (32:40) Power letters (35:04) How Sam names a company (40:48) Rate this brand (1-10)  (47:50) Blackberry (48:24) When to change a name (50:47) Presidential slogans (51:43) Recommended reading (53:39) How David thinks about AI — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Patricia and Christian talk to economist and author Professor John T Harvey about his latest book, "US business cycles from 1954-2020", his evergreen "Contending Perspectives In Economics", and solutions to an inherently unstable system. Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Relevant to this episode: Join John T. Harvey, Patricia Pino, Phil Armstrong and many more at Scotland's Festival of Economics (Edinburgh and online) 19th - 21st March 2026: https://www.scoteconfest.org/#learnmore Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR All our episodes with John T Harvey: https://www.patreon.com/posts/44371783 "US Business Cycles 1954–2020" by John T Harvey: https://www.cambridge.org/us/universitypress/subjects/economics/macroeconomics-and-monetary-economics/us-business-cycles-19542020-sources-symptoms-solutions  "Contending Perspectives in Economics" by John T Harvey: https://www.e-elgar.com/shop/gbp/contending-perspectives-in-economics-9781789900484.html Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our patron-only episodes: https://www.patreon.com/posts/57542767   JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   NEW! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929  For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true  Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html MMT Events And Courses:  NEW! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/  More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/ Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_compiledby_the_gower_initiative_for_modern_money_studies MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Our co-heads of Securitized Products Research Jay Bacow and James Egan discuss the impact of upcoming regulatory changes on U.S. mortgage rates and home sales.Read more insights from Morgan Stanley.----- Transcript -----Jay Bacow: It is March and there's some madness going on. I'm Jay Bacow, here with Jim Egan, noted Wahoo Wa fan. James Egan: Hey, it looks like Virginia's going to be back in the tournament this year, hoping for a three seed, looking like a four seed. It's the first year that my son is really excited about it. So, hoping we can win a few games. Jay Bacow: Let's hope they don't lose the first game and make him cry like you did a few years ago. But … Welcome to Thoughts on the Market. I'm Jay Bacow, co-head of Securitized Products Research at Morgan Stanley. James Egan: And I'm Jim Egan, the other co-head of Securitized Products Research at Morgan Stanley. Jay Bacow: Today, with everything going on in the world, we thought it'd be prudent to discuss the U.S. mortgage and housing market. It's Thursday, March 12th at 10:30am in New York. James Egan: Jay, as you mentioned, there is a lot going on in markets right now, but hey, people need to live somewhere. And those somewheres remain pretty unaffordable. But this administration has been very focused on affordability, and we also have some updates on what is clearly the most exciting part of the housing and mortgage markets – regulation. What's going on there? Jay Bacow: Look, nothing gets me more excited than thinking about the regulatory outlook for the mortgage market. We've been focusing a lot on what's happening in D.C. with possible changes that could be helping out affordability, changes to the investor program, changes to the policy rate. But Michelle Bowman, who is the Vice Chair of Supervision, has been recently on the tape saying that we could get an update and a proposal for the Basel Endgame by the end of this month; and that proposal for the Basel Endgame is likely to make it easier for banks to hold loans on their balance sheet. It's going to give banks excess capital and the combination of these, along with some other changes that are going to be coming from the Fed, the FDIC and the OCC around: For instance, the GSIB surcharge that our banking analysts led by Manan Gosalia have spoken about – it's really going to help out the mortgage market in our view. James Egan: Alright, so freeing up capital, helping the mortgage market. When we think about the implications to affordability specifically, what do you think it means for mortgage rates? Jay Bacow: Right. So, it's important that [when] we think about the mortgage rate, we realize where it's coming from. The mortgage rate starts off with the level of Treasury rates, and then you add upon that a spread. And the spread is dependent among a number of different factors. But one of the biggest ones is just the demand. And one of the reasons why mortgage rates have been so high over the previous four years was (a) Treasury rates were high, but also the spread was wide. And we think one of the biggest reasons why the spread was wide is that the domestic banks, who are the largest asset type investor in mortgages – they own $3 trillion of mortgages – basically weren't buying them over the past four years. And one of the reasons they weren't buying was they didn't have the regulatory clarity. And so, if the banks come back, that will cause that spread to tighten, which will likely cause the mortgage rate to come down. That is presumably, Jim, good about affordability, right? James Egan: Yes. And I want to clarify, or at least emphasize, that affordability itself has been improving. Over the course of the past four to five months at this point, we've been close to, if not at the lowest mortgage rate we've seen in three years. And when we think about what that has practically done to the monthly principal and interest payment on homes purchased today. Like that monthly payment on the median priced home is down $150 over the past year. That's about a 7 percent decrease. When we lay in incomes – or when we layer in incomes to get into that actual affordability equation, we're at our most affordable place since the second quarter of 2022. So yes, big picture, this is still a challenge to affordability environment. But it's not as challenged as it's been over the past three years. Jay Bacow: All right, so affordability improving. It's still challenged though. What does that mean for home prices then? James Egan: So, when we think about the home price implication of mortgage rates coming down; of mortgage rates coming down in an environment where incomes are going up – we're thinking about demand for shelter, purchase volumes and supply of that shelter. And demand really has not reacted to the improved affordability environment. That's not unusual. Normally takes about 12 months for affordability improvement to pull through in terms of increased transaction volumes. But we do think that the lock-in effect that we've talked about in detail on this podcast in the past, that is going to play a role here. Mortgage rates end of February finally hit a five handle, really, for the first time in three years. They're back above that now with the volatility in the interest rate markets. But from 4 percent to 6 percent, mortgage rates is effectively an air pocket. We don't think you're going to get a lot of unlocking at these levels. So we think that transaction volumes will pick up. We're calling for 3 to 4 percent growth in purchase volumes this year. But they've been largely flat for two to three years at this point. And more importantly, any improvement in affordability that comes from a decrease in mortgage rates is going to lead to commensurately more supply alongside that growth in demand – which is going to keep home prices, specifically, very range bound here. The pace of growth is slowed to about 1.3 to 1.5 percent right now. We've been here for four or five months. We think we're pretty much going to stay here. We we're calling for 2 percent growth, so a little bit acceleration. But we think you're in a very range bound home price market. Jay Bacow: All right, so home prices range bound, affordability improved. But still has a little bit of room to go. Some possible tailwinds from the deregulatory path that will make homes being a little bit more affordable. Fair amount going on. Jim, always a pleasure speaking to you James Egan: And always great speaking to you too, Jay. And to all of our regular listeners, thank you for adding us to your playlist. Let us know what you think wherever you get this podcast. And share Thoughts on the Market with a friend or colleague today.Jay Bacow: Go smash that subscribe button!

Tony chats with Jeffrey Glusman, Founder & CEO and David Ratner, Chief Investment Officer at Blockchain Deposit Insurance Corporation (BDIC). BDIC  is building the FDIC equivalent for crypto! No other player is working on offering deposit insurance for the 99% of people who are interested in crypto but can't afford the possibility of losing their money. A fascinating conversation!

On this episode:Rock Port ends the season with a 3rd place finish. Hear from Coach Austin Alitz, sophomore Audrie Meyerkorth, senior Ella Meyerkorth & Sophomore Braylyn Wood.Want to thank the following business that helped make the trip possible.Double M Towing and RepairRock Creek SeedsHy-Klas Foods Hamilton & PoloWanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

On this episode: A 20-0 run dooms Rock Port as they drop the Class 1 Semifinal to Delta. Hear from Coach Austin Alitz, Sophomore Audrie Meyerkorth, Senior Ella Meyerkorth and Freshman Stevie Gaines.Atchison boys defeat McPherson to advance to the Kansas 4A Semifinals.Want to thank the following business that helped make the trip possible.Double M Towing and RepairRock Creek SeedsHy-Klas Foods Hamilton & PoloWanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Get Shaan's 4 money rules that took him from broke to $25M by 30: https://clickhubspot.com/sfmc Episode 804: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) team up with the TBPN boys John Coogan ( https://x.com/johncoogan ) and Jordi Hays ( https://x.com/jordihays ) to break down the companies that could make you a millionaire as an employee.  — Show Notes:  (0:00) How to make $1,000,000 (5:05) Zuru  (12:47) Varda Space Industries (19:33) Suno (28:19) TrueMed (37:32) HubSpot (45:13) SemiAnalysis (52:32) Harvey (1:00:01) SendCutSent (1:04:55) Column — Links: • ZURU - https://zurutoys.com/  • Varda -  ​​https://www.varda.com/  • Suno - https://suno.com/  • TrueMed - https://www.truemed.com/  • HubSpot - https://www.hubspot.com/  • SemiAnalysis - https://semianalysis.com/  • Harvey - https://www.harvey.ai/  • SendCutSend - https://sendcutsend.com/  • Column - https://column.com/  • TBPN - https://www.youtube.com/@TBPNLive  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

VLOG March 11 Live Nation, the hallway beat. Book: https://amazon.com/dp/B0GRN95HNTHalkbank, let off the hook? https://matthewrussellleeicp.substack.com/p/soft-on-sanction-beat-turkey-halkbankLLDM. Revolut hit by @FinanceWatchOrg at FDIC & OCC. @USUN does nothing as US Press banned from UN https://innercitypress.com/usun4waltzwrighticp030426.html

On this episode:Benton boys rout Smithville to advance to the quarterfinals for the 2nd straight season. Hear from Cardinals coach Jared Boone & Junior Jason Simmons.Wanna thank all of our great year long Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

On this episode:Benton girls beat Smithville to advance to the Class 4 Quarterfinals for the 5th time in 6 season. Hear from Cardinals coach Becca Bailey & Senior Eliana Arambula.Wanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

To understand what is currently happening in the Middle East, particularly as concerns U.S., you need to understand three things: The cudgel of Political Zionism Luring ‘Christian Zionists’ (oxymoron) to do the fighting (dying) As limited hangout, drawing attention away from Ben Gurion Canal Project Israel, so-called as central Command Node The Beast / ten horns (Commercial Babylon) will destroy the great whore (Religious Babylon) When elephants fight, it is the grass that suffers[1] “Nothing personal, it’s just business.” – Otto Berman Links Headlines Maddow connects the dots as Trump boosts Russia while Putin helps Iran target Americans | Raw Story “I’m F–cking DONE”: The Internet Is Losing Its Absolute Mind Over Karoline Leavitt’s Draft Comments | Buzzfeed Lindsey Graham asks Americans to 'send their sons and daughters to the Middle East' to fight Iran | The Mirror Trump’s new DHS pick can’t stop embarrassing himself — and he hasn’t even started | Opinion | Raw Story Pete Hegseth Outright Quotes Scripture in Iran War Briefing | The New Republic Trump targeted by four FBI code-named counterintel probes that ensnared hundreds of Americans | Just The News Canadian police investigate reports of gunfire at US consulate in Toronto | AP News Trump's ‘free flow of energy' vow fails to restart shipping in strait of Hormuz | The Guardian Ed Martin, outspoken Justice Department lawyer, is formally accused of ethical violations | CNN White House Forced to Walk Back Trump’s Brazen Threat | The Daily Beast Discussed United States of LARPing On the dangers of cosplay – by Alex Berenson The Cudgel of Political Zionism Benjamin Netanyahu – Wikipedia Netanyahu’s government has been orchestrating the genocide in Gaza, culminating in the South Africa v. Israel case before the International Court of Justice in December 2023. The International Criminal Court (ICC) issued an arrest warrant in November 2024 for Netanyahu for alleged war crimes and crimes against humanity as part of the ICC investigation in Palestine. Netanyahu was born in 1949 in Tel Aviv. His mother, Tzila Segal, was born in Petah Tikva in the Mutasarrifate of Jerusalem—her family had migrated from Minneapolis in 1911, having relocated there from Lithuania in the 1870s—and studied law at Gray’s Inn, London. His father, Warsaw-born Benzion Netanyahu (né Mileikowsky), was a historian specializing in the Jewish Golden Age of Spain. His paternal grandfather, Nathan Mileikowsky, was a rabbi and Zionist writer. When Netanyahu’s father immigrated to Mandatory Palestine, he adopted a Hebrew surname of “Netanyahu”, meaning “God has given.” While his family is predominantly Ashkenazi, he has said that a DNA test revealed some Sephardic ancestry. He claims descent from the Vilna Gaon. At MIT, Netanyahu studied a double-load while taking courses at Harvard University, completing his bachelor’s degree in architecture in two and a half years, despite taking a break to fight in the Yom Kippur War. Professor Leon B. Groisser at MIT recalled: “He did superbly. He was very bright. Organized. Strong. Powerful. He knew what he wanted to do and how to get it done.” At that time he changed his name to Benjamin “Ben” Nitai (Nitai, a reference to both Mount Nitai and to the eponymous Jewish sage Nittai of Arbela, was a pen name often used by his father for articles). Years later, in an interview with the media, Netanyahu clarified that he decided to do so to make it easier for Americans to pronounce his name. This fact has been used by his political rivals to accuse him indirectly of a lack of Israeli national identity and loyalty. Netanyahu worked as an economic consultant for the Boston Consulting Group… Revisionist Zionism – Wikipedia Lebensraum – Wikipedia Greater Israel – Wikipedia Pastor Adam Fannin, Law of Liberty Baptist Church: Who is the Synagogue of Satan? – YouTube Mentioned Genesis 9 (KJV) – God shall enlarge Japheth, and Genesis 10 (KJV) – And the sons of Gomer; Japheth – Wikipedia Linked END TIMES Prophecy – YouTube Romans 11 Israel was Cast Away, Not God’s People – YouTube Who is the Israel of God? – Pastor Tim DeVries – YouTube American civil religion – Wikipedia Ceremonial deism – Wikipedia The Apotheosis of Washington – Wikipedia Biblical Religion and Civil Religion in America by Robert N. Bellah Thom Hartmann, Jared Kushner has some explaining to do – Alternet.org Israel as Central Command Node You Can't Understand Israel Until You See This || Prof Jiang Xueqin #profjiangstyle – YouTube Ben Gurion Canal Project The Blogs: The Ben Gurion Canal: Vision Amidst Upheaval | Bepi Pezzulli | The Times of Israel What is Israel’s Ben Gurion canal plan and why Gaza matters Gaza's genocide, the Ben-Gurion canal, and the politics of reconstruction – erasure by design – Middle East Monitor Ben Gurion Canal will Reshape Regional Power Dynamics Israel's $55 Billion Canal to Rival Suez | A Project That Could Change Global Trade – YouTube How is the Proposed Ben Gurion Canal Tied to Israel’s Gaza Invasion? – CounterPunch.org At the September 2023 G20 meeting shortly before the Hamas attack, the India-Middle East Corridor was announced. It would create a transportation link from India to Europe across the Arabian Peninsula via Dubai in the UAE to the Israeli port of Haifa. In December 2023, even after Israel launched its invasion of Gaza, UAE and Israeli interests made a deal to create a land bridge between Dubai and Haifa. The Geopolitics of the India-Middle East-Europe Economic Corridor US, India, Saudi, EU unveil rail, ports deal on G20 sidelines | Reuters ‘Israel’,UAE to establish land bridge between ports: Israeli media | Al Mayadeen English The £77 Billion Canal To Rival Suez Canal And Connect The Red And Mediterranean Seas – 2oceansvibe News | South African and international news Mystery Babylon: Commercial Babylon Destroys Religious Babylon Revelation 17 (KJV) – And there came one of Revelation 18 (KJV) – And after these things I WWIII WW3 – Albert Pike and the Three World Wars The Third World War must be fomented by taking advantage of the differences caused by the ‘agentur’ of the ‘Illuminati’ between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion… We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time. Col Doug Macgregor: We’re in a Run Up to WW3 – YouTube Iran’s Missiles DEVASTATE Haifa Port & Tel Aviv, Trump Eyes Ground War | Elijah Magnier – YouTube John Mearsheimer: No Winning in Iran for the U.S. – YouTube Jeffrey Sachs Warns US Militarism Risks Wider War Over Iran – YouTube Industrial Complex Apex The Anglo-American Establishment Quigley exposes the secret society’s established in London in 1891, by Cecil Rhodes. Quigley explains how these men worked in union to begin their society to control the world. He explains how all the wars from that time were deliberately created to control the economies of all the nations. Audience Contributed Who Will Replace the American Empire? Simon Dixon vs Professor Jiang (Official Re-upload) – YouTube On This Day On This Day – What Happened on March 10 Today in History: March 10, the Tibetan uprising of 1959 | AP News What Happened on March 10 – On This Day What Happened on March 10 | HISTORY March 10 – Wikipedia Holidays Harriet Tubman Day in some parts of the United States Historical Events 2023 – Silicon Valley Bank (SVB) collapses due to a run on its deposits, in the second largest bank failure in US history. Its operations are taken over by the FDIC. 2008 – The New York Times revealed that Eliot Spitzer, Governor of New York, had patronized a prostitution ring. 2000 – Dot-Bomb: NASDAQ Composite stock market index peaks at 5,048.62 (or was it 5,132.52?): The dotcom boom, which started in 1997, accompanied the advent of countless new Internet-based companies. When the speculative bubble burst, many small investors were affected. 1982 – Syzygy: All nine planets recognized at this time — Mercury to Pluto — align on the same side of the Sun. 1979 – 1979 International Women’s Day protests in Tehran: Protestor involvement peaks with 15,000 Iranian women and girls performing a three‐hour-long sit‐in at the Courthouse of Tehran. 1977 – Astronomers discover the rings of Uranus. 1975 – Vietnam War: Ho Chi Minh Campaign: North Vietnamese troops attack Ban Mê Thuột in the South on their way to capturing Saigon in the final push for victory over South Vietnam. 1970 – Vietnam War: My Lai war crimes: The U.S. Army accuses Capt. Ernest Medina and four other soldiers of committing crimes at My Lai (also known as Songmy) 1969 – James Earl Ray pleaded guilty – on his 41st birthday! – in Memphis, Tennessee, to assassinating civil rights leader Martin Luther King Jr. (Ray later repudiated that plea, maintaining his innocence until his death.) 1959 – Tibetan uprising: thousands of Tibetans rebelled against occupying Chinese forces, surrounding the Dalai Lama's palace to protect him from potential harm. Fierce fighting between Tibetans and Chinese forces ensued in the following days, causing the Dalai Lama to flee Tibet for India, where he remains in exile today. 1945 – WWII: Deadliest air raid of World War II sets Tokyo on fire after nighttime B-29 bombings; more than 100,000 people die, mostly civilians 1933 – The Long Beach earthquake affects the Greater Los Angeles Area, leaving around 108 people dead. 1922 – Mohandas Gandhi is arrested in India, tried for sedition, and sentenced to six years in prison, only to be released after nearly two years for an appendicitis operation. 1876 – The first telephone call is made: Alexander Graham Bell transmitted the words “Mr. Watson, come here – I want to see you” to his assistant, Thomas A. Watson, who was in the next-door room. 1864 – President Lincoln signs Ulysses S. Grant's commission to command the U.S. Army: President Abraham Lincoln assigned Ulysses S. Grant, who had just received his commission as lieutenant-general, to the command of the Armies of the United States. 1848 – The Treaty of Guadalupe Hidalgo is ratified by the United States Senate, ending the Mexican–American War. 1496 – Christopher Columbus concluded his second visit to the Western Hemisphere as he left Hispaniola for Spain. Births 1994 – Benito Antonio Martínez Ocasio aka Bad Bunny, Puerto Rican rapper, songwriter, producer, actor, and wrestler 1992 – Emily Osment, American actress and singer-songwriter 1984 – Olivia Wilde, American actress and director 1983 – Carrie Underwood, American singer-songwriter 1971 – Jon Hamm, American actor and director 1958 – Sharon Stone, American actress, producer 1957 – Osama bin Laden, Saudi Arabian terrorist, founded al-Qaeda 1940 – Chuck Norris, American actor, martial artist 1928 – James Earl Ray, accused assassin of Martin Luther King Jr. (died 1998) Deaths 2018 – Hubert de Givenchy, French fashion designer, founded luxury fashion and perfume house of Givenchy in 1952 2012 – Jean Giraud, French author, illustrator 1988 – Andy Gibb, English/Australian singer 1948 – Zelda Fitzgerald, American author 1913 – Harriet Tubman, American nurse, activist, abolitionist, Underground Railroad “conductor” Footnotes The Oxford Dictionary of Proverbs. The Oxford Dictionary of Proverbs. 2008. Edited by John Simpson and Jennifer Speake, 5th ed., Oxford University Press, 2009, www.oxfordreference.com/display/10.1093/acref/9780199539536.001.0001/acref-9780199539536-e-650. Accessed 10 Mar. 2026. African proverb, meaning that the weak get hurt in conflicts between the powerful. 1936 New York Times 26 Mar. ︎

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In this episode of Gangland Wire, I sit down with retired FBI agent Geoff Kelly, a specialist in art theft investigations who inherited one of the most notorious unsolved cases in American history—the 1990 robbery at the Isabella Stewart Gardner Museum. He recently wrote a book about this theft titled 13 Perfect Fugitives: The True Story of Mob, Murder, and the World’s Largest Art Heist. Kelly's law enforcement career began as a New York City transit police officer before transitioning to the FBI. Like many agents, he initially sought violent crime work. Instead, he was assigned to economic crimes before eventually transferring to a violent crime squad. It was there that he encountered the Gardner case—a cold case largely untouched by senior agents at the time. The robbery itself remains extraordinary: two men posing as police officers gained entry to the museum and stole 13 works of art, including masterpieces by Rembrandt. More than three decades later, none of the works have been recovered. Inside the Gardner Heist Geoff explains how art theft is often misunderstood. Popular culture portrays refined, sophisticated criminals orchestrating elaborate capers. The reality, he says, is usually more opportunistic and frequently violent. Art theft often intersects with organized crime, drug trafficking, and even homicide. Massachusetts has a documented history of art-related crimes, and several individuals connected to the Gardner investigation met violent ends. The criminal underworld surrounding stolen art is less about wealthy collectors hiding paintings in private vaults and more about leverage—using artwork as collateral in criminal negotiations. The FBI's Art Crime Evolution Following the 2003 looting of Iraq's National Museum during the Baghdad invasion, the FBI formalized its Art Crime Team. Kelly discusses how intelligence gathering, informants, and international cooperation became central tools in recovering stolen artifacts. He emphasizes that solving art crimes often depends less on forensic breakthroughs and more on human intelligence. Informants remain essential, especially in cases where organized crime overlaps with high-value theft. Kelly also discusses his upcoming book, 13 Perfect Fugitives, which explores the intersections of mobsters, murder, and the illicit art market. Organized Crime and the Reality of Stolen Art Drawing on my own experience working organized crime in Kansas City, I found clear parallels between traditional mob rackets and art theft networks. The same structures—intimidation, secrecy, and violence—apply. Once a painting disappears into criminal circulation, it becomes a liability as much as an asset. Kelly challenges the myth that thieves profit easily from masterpieces. High-profile works are difficult to sell. The black-market art world is volatile and dangerous. In many cases, the artwork becomes bargaining collateral rather than a cash windfall. A Case Still Waiting for Closure More than 30 years later, the Gardner Museum still displays empty frames where the paintings once hung. Kelly remains committed to the idea that public awareness may eventually generate new leads.  The Gardner heist stands as both a cultural tragedy and a criminal mystery—one that continues to intersect with organized crime, violence, and international intrigue. Hit me up on Venmo for a cup of coffee or a shot and a beer @ganglandwire Click here to “buy me a cup of coffee” Subscribe to the website for weekly notifications about updates and other Mob information. To go to the store or make a donation or rent Ballot Theft: Burglary, Murder, Coverup, click here To rent ‘Brothers against Brothers’ or ‘Gangland Wire,’ the documentaries click here.  To purchase one of my books, click here. Transcript [0:00] Hey, you guys, Gary Jenkins back here in studio Gangland Wire. Y’all know me. I’m a retired Kansas City Police Intelligence Unit detective and now podcaster and documentary filmmaker. I have in the studio today… Jeff Kelly, he’s a now-retired FBI agent. He was an expert in recovering stolen artifacts and art pieces. He was involved. He wasn’t involved in the original theft of the Boston art theft, the Isabella Stewart Gardner Museum, but he ended up inheriting that case. So welcome, Jeff. Hi. Thanks, Gary. Nice to be here. And guys, I need to mention this right off the bat. Jeff has a book, 13 Perfect Fugitives, The True Story of the Mob, Murder, and the World’s Largest Art Heist. Be out on Amazon. I’ll have links down below in the show notes if you want to get that book. I think it would be pretty interesting. I was telling Jeff, I just interviewed Joe Ford, the million-dollar detective, the guy that goes after classic cars, and I read that book. I love these kind of caper kind of books and caper crimes. Those are the ones I like the best is the caper crimes. And Jeff is an expert at working caper crimes. And that’s what these are, capers. So Jeff, how did you get into this? Now you came on the FBI. You were a policeman before, I believe. So tell the guys a little bit about yourself and your FBI career. Yeah, I started out with the Metropolitan Transportation Authority Police in New York City. It was a transit cop. I did that for three years. And then I got into the FBI in October of 95. [1:30] And my goal was always, I wanted to work violent crime. That’s what drew me to law enforcement in the first place, working bank robberies and kidnappings and fugitives. I had to do my five years on working economic crime, telemarketing fraud. It was interesting, but not all that exciting. And finally in 2000, I got my transfer to the violent crime squad. And I loved working it. And I did it for my entire career from then on, right up until my retirement in 2024. But back then, art theft was considered a major theft violation, [2:01] and it was worked by the Violent Crime Squad. And so in 2002… My supervisor dumped this old moribund cold case in my lap. It was the Isabella Stewart Gardner Museum heist. [2:15] Nobody wanted it on the squad, so they figured, let’s give it to the new guy. I was ecstatic to get it because I’d heard about it. I went to school in Boston. I went to Boston University and graduated the year before it happened, but I knew about it. [2:28] That’s how I started working this case, this particular case, and then the following year during the U.S., there was a, the U.S. And coalition forces invaded Baghdad in Iraq. And during a 36-hour period, more than 15,000 objects of very, very important cultural history were looted from the National Museum of Iraq. And it’s really one of the most important museums in the world in terms of our shared history. Kind of the cradle of civilization over there in the Tigers and Euphrates River. Yeah, and that was the time when the FBI kind of belatedly realized that there was no art crime team to investigate this. And of course, FBI agents have been working art theft like any other property crime since the beginning of the FBI’s existence, but there was no codified team. So they did a canvas for the team in 2004 and I applied for it because at this point I’d been working the Gardner case for a couple of years and really was fascinated by it and made the team. And so then over the next 20 years, we continued to expand the team both in size and in scope and in our intelligence base and knowledge base. And when I left the Bureau in 2024, it was and still is a tremendous team with a lot of very dedicated and professional agents and professional support. [3:51] Now, guys, if you don’t know about the Isabella Stewart Gardner case, there was a Netflix documentary on it a few years ago. It was an art museum in Boston. [4:01] Two guys showed up. They had Boston police uniforms on, and they got in. They basically, it was an armed robbery, and they took control of the museum. The guards were in there late at night and took these really valuable paintings out. I believe you told me earlier they were Remington paintings. We’ll get into that. And it was a violent crime. It was an armed robbery of paintings, and you told me about other armed robberies of paintings. I think you got into some other armed robberies of paintings. You always think of, as you mentioned before, the Thomas Crown Affair character that goes out and does these sophisticated art thefts. That’s not always true, is it? It’s never that way, but it doesn’t matter. Don’t let the facts get in the way of a good story. Everybody wants to believe that art thefts are pulled off by the Thomas Crown Affairs and these gentlemen thieves repel in through skylights and do all that fancy stuff, put it in their underground lair. That’s just not the way it works. But if you look to art theft. [4:55] Massachusetts really is a cradle of art theft in this country, and it’s very unique. The first armed robbery of a museum occurred in Boston in 1972. It was committed by a guy named Al Monday, who was a prolific art thief. And they stole four pieces from the Worcester Art Museum in central Massachusetts with a gun. They ended up shooting the guard. And one of the pieces that they stole was a Rembrandt called St. Bartholomew. [5:26] And in keeping with the milieu of true art thieves, the paintings were stored on a pig farm just over the state line in Rhode Island. And when this Connecticut safecracker by the name of Chucky Carlo, who was looking at some serious time in prison for some of the crimes that he committed, when he found out that Al Monday had these paintings, he just simply kidnapped Al Monday and stuck a gun in his ribs and said he would kill him if he didn’t give him the paintings. which is no honor among thieves. And Al turned over the paintings, Chucky returned them, and he got a very significant break on his pending jail sentence. Right here in 1972, Boston thieves see Rembrandt as a valuable get-out-of-jail-free card. [6:09] And then if we jump forward three years to 1975, there was a very skilled art thief, really a master thief by the name of Miles Conner. I interviewed Miles for my book. It was very gracious of him to sit down with me for it. And he had robbed or committed a burglary of the Woolworth estate up in Maine, the family, the five and dime family magnets. And he got caught for it because he tried to sell those paintings to an undercover FBI agent. And so he was looking at 12 years in prison for it. And he was out on bail. And he reached out to a family friend who was a state trooper. And he asked him, how can I get away with this one? How can I get out of this? Because he was in serious trouble. The trooper’s response was meant to be hyperbolic. The trooper said, Miles, it’s going to take you a Rembrandt to get out of this one. [6:57] And so Miles said, okay, I’ll go get a Rembrandt. And he got a crew together and they did a daylight smash and grab at the Museum of Fine Arts in Boston, just across the street from the Gardner. And they stole Rembrandt, the girl in a gold-trimmed cloak. [7:12] And he was able to return that painting. Instead of doing 12 years, he did 28 months. And he even managed to, he told me he even managed to get the $10,000 reward in the process. So you have this atmosphere in Massachusetts that Rembrandts are a valuable commodity, right? They can help you out in a jam. And so I think it’s no coincidence that in 1990, when the Gardner Museum heist came down, the Gardner Museum had this array of motion sensors all throughout the museum. It would alert to wherever you went, every gallery, hallway, whatever. [7:49] And we know from these motion sensors that after, as you said, the two guys went in disguised as cops and bluffed their way into the museum, they made a beeline for the Dutch room, which is the room of all things Rembrandt. They stole three Rembrandts. They stole a fourth piece called Landscape with an Obelisk, which was actually by Govard Flink, but it had been misattributed to Rembrandt until the mid 80s. And then they took a large Rembrandt oil-on-panel off the wall and it was recovered the next morning leaning against a piece of furniture. We believe they just overlooked it in the dark. So out of the 13 pieces taken, three were Rembrandt, a fourth was misattributed to Rembrandt, and there was going to be a 14th piece taken, which was also Rembrandt. It definitely falls into that theory that this was going to be a hold-on to these pieces for a while and see if you can use them for a break. [8:48] Interesting. Now, back in the 70s, for example, when somebody would work in an art robbery like that or an art theft, you got your tried and true ways of working a crime. You got to have sources, you got to have witnesses, and hopefully you can get a crime like this. You can get a source that says, hey, this guy, we had a guy in Kansas City that he was a fence for these kinds of guys. He had an antique auction and he took all this stuff and got it somewhere else. So at the time, just use your regular police methods. And what changed over the years as you’ve done this? Yeah, certainly we’ve become much more sophisticated with the techniques that we use. But at the end of the day, it’s always still going to be intelligence. But I found from working my entire career in violent crime, virtually my whole career in violent crime, the sources are crucial. Having a good informant can make and break a case. And working art theft investigations, you’re certainly going to have the same types of fences of informants, fences for stolen property and what they’re hearing about what organized crime guys are doing and what drug guys are doing. But it also opened up a whole new avenue of sources for me as working in art investigations, because now you’ve got pawn shops and gallery owners and auction houses, and they’re in a position to know when not only when stolen artwork is coming in, but also fakes and forgeries. We spoke about this, that. [10:16] Somebody comes in with one valuable piece that would be very difficult for somebody in his or her position to come across one piece like this, let alone a dozen of them. That really points to probably a fake. And so that’s really the key to solving these things is just having a good intelligence base who’s going to let us know about when something comes up that’s either stolen or it’s been forged. [10:43] Brings up a question. In my mind, did you ever work a gallery owner or a gallery [10:48] that then would filter in, knowingly filter in some fakes every once in a while? They couldn’t do it 100% of the time, but you could certainly make some extra money by filtering fakes out of it because many people would get it and they’d never know. Nobody would ever know. Listen, it is a really difficult thing when you’re working these types of crimes because unlike bank robber, you go into a bank and you stick them up with a gun and take them on. It’s not up to the government to be able to prove at trial that you knew that the bank was insured by the FDIC. You went in and you robbed it, you committed the offense. When you’re talking about interstate transportation of stolen property or possession of stolen property, there are what’s called specific intent crimes, meaning you have to prove the element of knowledge. You have to be able to prove that the person knew that that item was stolen. Not that it said it was stolen. and you had to show that they knew it. And that’s a really high hurdle to overcome. And typically what we do to try and prove that specific intent is we’re going to go through. [11:53] Recorded statements made to a source or to an undercover or emails or texts or something that we can show that this person knew that item was stolen. And so we would see that a lot in auction houses and galleries. There’s a lot of willful blindness where a lot of gallery owners and auction houses, they’re going to look the other way because it’s too lucrative to pass up. And in fact, in 2015, the art crime team, once we received information that ISIL or ISIS was using looted cultural property from Syria and Iraq as a form, a viable form of terrorism financing. And we put auction houses and gallery owners on notice in 2015, and we basically told them that if you’re selling objects of cultural patrimony or cultural heritage with a dubious provenance, like a wink and a nod, you may be unwittingly or wittingly funding terrorism. While we never charged anybody with it, hopefully it was an eye-opener that when you’re getting into this world, it’s not a victimless crime. There are very real victims involved. [13:07] And that’s one of the things that really is interesting about working our crime investigations. And I used to get ribbed by my friends who were not on the art crime team about [13:18] where like the wine and cheese squad were raised and everything. But our subjects are far from it. We’re dealing with organized crime, gangs, terrorists. This is no joke. These are serious individuals and the stakes are high. And in the Gardner case, three or four people that we believe were involved in the heist were murdered a year after the Gardner case crime occurred. Yeah, I was just going to go back to that a little bit, as we said before, a little bit like the Lufthansa case. All of a sudden, everybody that was involved in the theft. Started dropping like flies. So tell the guys about that. That is really interesting. [14:00] Yeah. So the two individuals that we believe went into the museum dressed as cops, just a week shy of the one-year anniversary, one of the guys was found dead in his apartment of an acute overdose of cocaine, intravenous. And his family admitted that he used Coke, but they said he was terrified of needles. He was scared of needles. So it really looked to be like a hotshot, an intentional overdose of cocaine. Two weeks later, the other guy who we believe went into the museum with him, his wife reported him missing. And a couple of weeks later, his bullet riddled body was recovered in the trunk of his car out by Logan Airport in East Boston. There was another member of that crew. These were all part of the same crew. This Carmelo Merlino, who was a Boston mobster, had an auto shop down in the Dorchester section of Boston. Another member of his crew, a guy named Bobby, six weeks after the heist, he brought in, he visited a jeweler in the downtown crossing jewelry district in Boston. He came in with this object and he unwrapped it. It was an eagle. [15:03] It was the finial from the Napoleonic flag that was stolen in the Gardner heist. And he asked the jeweler, how much is this thing worth? And the jeweler looked at it and he said, it’s worth nothing. Because he immediately recognized it as one of the people that had been stolen six weeks earlier from the Gardner heist. And then a few months later, Bobby was stabbed to death and nearly decapitated on the front porch of his house. And the responding police saw that his house had been broken into and ransacked like his killers had been looking for something. There was a fourth guy, Jimmy, who bragged to his girlfriend a few months after the heist that he had a couple of pieces from the Gardner Museum hidden in his attic. [15:47] And in February of 1990, 11 months after the heist, he was executed on his front porch in what the local police called a mob hit. So, yeah, these are the types of crimes that have a tendency to have a chilling effect on anybody who harbors any aspirations to come forward with information. Yeah, and we talked earlier a little bit about, like, the crime itself, and the statute of limitations is up on that, what you said, and the crime itself, but how we talked a little bit and explained to them about how this could be part of a RICO case. And you’ve got the murders and you’ve got the actual theft and whatever they did with the paintings, then maybe you could get over after a Bob boss as a Rico case. Tell the guys a little bit about doing that. Yeah. [16:32] I’ve heard it so many times in more than two decades that I worked the case and people would say, geez, why don’t people come forward? They’re just paintings. There are so many times they’re just paintings. They’re like, yeah, they are, but there’s two things about that. Number one, there’s some dead bodies on these paintings, three or four, and that there’s no statute of limitations for murder. And so if you implicate yourself in the theft or you implicate yourself in possessing or transporting these paintings at any time, the fear is that you’re then implicating yourself in a homicide. And the other aspect of this, which I think has a chilling effect, is the fact that transportation of stolen property is one of the predicate acts for RICO, racketeering influence corrupt organization case. And RICO is basically, Gary, is basically an entire organization is corrupt. Yeah. There’s no legitimate purpose. It’s what we think about the mob and the [17:27] FBI has taken down the mob in the past. So if you implicate yourself in stolen property and you’re part of organized crime, that’s one of the predicate acts for a RICO. And that’s basically life sentences. And so one of my goals in the years and years that I worked in this case was to try and convince people that you could come forward with information and the U S attorney’s offices, whether it’s up in Boston or new Haven or Philadelphia. [17:58] Would be willing to figure out a way to get the paintings back with immunity from prosecution for a RICO case. Look, that’s a high hurdle. That’s a high hurdle to convince somebody that if you come forward, you’re not going to get charged and you’re eligible for millions of dollars in reward. That’s a tough bill to swallow, but it’s the truth. I’m retired from the FBI now. I can tell you that it was, it’s a, it was, and still is a bona fide offer. And that’s one of the goals that I’ve always tried to impress on anyone is the opportunity to become a millionaire without going to jail. There you go, Jeff. Can you, now you’re not with the Bureau anymore. Can you go out, if you could go out and find them and bring them in, could you collect that reward? I would certainly hope so. [18:48] I can’t tell you how many of my friends thought that I had some of these paintings stashed in my basement. Waiting for retirement to go turn them in the next day. I think half the guys I worked with were expecting to see me pull into the parking lot of the FBI. [19:01] Big package, but no. But yeah, I suppose I could. By this point, I can tell you the amount of my very being that I put into this case over two days. Yeah. I just would love to see these paintings go back just because they need to be back at the museum. That’s where they belong. Now, these crimes, they seem, You said there’s a lot of murders attached to this. They seem a little boring. Did you have any exciting moments trying to pop anybody or do any surveillances? I know we did a big surveillance of a bunch of junkies that were going around stealing from small museums around the Midwest. And we follow them here in Kansas City. And they would have been pretty exciting had we had a confrontation with them. Did you have any exciting moments in this? It actually was a fascinating case. And for the first, there’s the really boring aspects of this job and tedious aspects. And I would say that in my, two decades working this case, I probably did, I don’t know, 50, 60, 70 consent searches, searching in attics and basements and crawling through crawl spaces and just getting sweaty and covered in cobwebs. But the break in the case for me came in 2009 when one of the guys who was part of Merlino’s crew who was deceased, his niece came forward to me and told me that the paintings. Some of them had been hidden up in this guy’s hide at his house up in Maine. I went up to Maine with Anthony Amore, who’s the director of security for the Gardner Museum. We worked on this case together for years. [20:29] And then we found that hide. And then we interviewed, right from there, we went and interviewed Guarenti. That’s the guy, Bobby Guarenti. We interviewed his widow and she broke down and admitted that he once showed her the paintings and she gave them to a guy down in Connecticut. And we identified that guy and we interviewed him. My name is Bobby Gentile. He’s a made member of the Philly Mob. He got straightened out with his crew back in the late 90s. [20:54] And he refused to cooperate. And then that’s where we really just started getting, using a lot of ingenuity to try and break it. And an agent down in the New Haven office, a guy by the name of Jamie Lawton, he joined our team and we started working this case. And he had a source who knew Gentile, Bobby Gentile, and the source started buying drugs from Gentile. Ah, there we go. We ended up arresting Gentile and we did a search warrant at his house. And it was crazy. Like we recovered, I want to say seven handguns, loaded handguns lying all over the place. He had a pump action shotgun hanging by the front door. He had high explosives. We had to evacuate the house and call him the bomb squad. But the interesting thing was he had the March 19th, 1990 edition of the Boston Herald with headlines about the Gardner heist and tucked inside that newspaper was a handwritten list of all the stolen items. With what looked like their black market values. This is in the house of a guy who swore up and down that he’d never heard of the Gardner Museum. And we were able to figure out who wrote the list. It was written by none other than Al Monday, who’s the guy that did the first armed robbery of a museum, of a Rembrandt. And we interviewed him and he told us that he wrote that list for Bobby Gentile and his buddy up in Maine, Bobby Garanti, because they had a buyer for the paintings and they wanted to know what they were worth. [22:24] So yeah, and then Gentile took 30 months. [22:28] He wouldn’t cooperate. And while he was incarcerated, we turned two of his closest friends to becoming sources. And so when he got out of prison in February or April of 2014, they started talking to him and talked about the gardener and they said they might know somebody who’d want to buy him. That’s how we then introduced an undercover agent. Gentile was introduced to Tony, this undercover FBI agent. Over six months, they had long talks about selling the paintings. Unfortunately, before Gentile would sell the paintings, he wanted to do a drug deal first, which we couldn’t allow to happen. We can’t let drugs walk on the street. So we had to take it down. And although we’d seized all these guns from Gentile back in 2012, he told the sources the FBI didn’t get all of his guns. Because of that disturbing comment, one of the sources asked Gentile if he could buy a gun for him. And Gentile sold him a loaded 38. So we arrested him again. And he still refused to cooperate. I don’t respect what he did for a living or a lot of the things that he did, but you do have to respect his adherence to his values. However, misguided they may have been, he took the code of omerta, the code of silence to heart, and he took it to his grave. He died, I think, in 2021 after going to prison a second time. [23:50] While we never got any paintings back, it was a tremendous ride, and I’m confident they will come back. It’s just going to be a question of when. Yeah, that kind of brings up the question that you hear people speculate. Did you ever run across this? Is there actually any rich old guys or an Arab sheik or somebody that buys stuff like this and then really keeps it and never shows it to anybody? Does that unicorn really exist? everybody wants that to be true i know virtually it’s not yeah there’s there’s never been a case of some wealthy what we call the doctor no theory some some reclusive billionaire with his underground lair filled with all the illicit stolen treasures of the world yeah that’s it’s never happened yeah i guess you never say never but but no look the majority statistically about three-quarters of everyone that collects art in this country does it for, and I assume it’s probably worldwide, does it for the investment potential. There’s a lot of money to be made in collecting art. It rarely, if ever, drops in value. So that’s why people collect art. If there’s somebody who has a particular piece that they want so badly that they’re going to commission its theft, it’s more the stuff of Hollywood. It could happen, but we’ve never seen that happen yet. Interesting. [25:14] We did have one case here where we had a medical doctor and he had it on the wall of his house. And it was, I believe it was a Western artist named Remington that these junkies stole out of Omaha. But it was such a minor piece that he could show it to anybody and they wouldn’t. They would say, oh, that’s cool. You got a Remington. [25:30] There’s plenty of those around. And he could afford a real deal Remington anyhow. So it wasn’t that big a deal. And that’s really what it comes down to is that art, high-end art does get stolen. It gets stolen quite often. The art market is about $60 billion, and the FBI, we estimated about $6 to $8 billion of that is illicit, whether it’s theft or fakes and forgeries. It’s a tremendous market, but it’s mostly second and third tier items. [26:02] Really valuable, well-known pieces. They do get stolen, but that’s the easy part. The easy part is stealing it. The hard part is monetizing it. That’s why you very rarely see recidivism among art thieves, high-end art thieves, because you do it once, and now you’re stuck with the thing. It’s easier to steal something else. You got to go out and boost fur coats and stuff to make a living. Exactly. Do a jewelry store robbery down there and make a living. And that’s exactly the point. That’s why you’re seeing a sea change in terms of art thefts, museum thefts. The Louvre was a great example of that. Dresden green vault robbery where 100 million euros in gems were stolen back in 2019 yeah. [26:45] Gems and jewelry, it can be broken down. It’s going to greatly diminish their value, but you can recut a gem. You can melt down the setting. You can monetize it for a greatly diminished value, but at least you can monetize it. You can’t cut up a Rembrandt into smaller pieces. [27:02] It’s only valuable as a whole complete piece. Yeah. I’m just thinking about that. We got a couple of guys, Jerry Scalise and Art Rachel in Chicago, flew to London, robbed a really valuable piece, the Lady Churchill’s diamond or something, I don’t remember, but really valuable piece and mailed it to somebody on their way to the airport and then got caught when they got back to Chicago and brought back to London and did 14 years in England and they never gave up that piece and nobody could, it never appeared anywhere, but it was just cut up and they didn’t make hardly any money off of it. Yeah. Look, there’s a, there’s much more profitable ways to. Yeah. To make an illicit living than stealing high-end artwork, but it does still get stolen. And that’s one of the cruel ironies when you’re talking about art theft is if somebody has a $20,000 piece of jewelry or a very expensive watch, they’re most likely going to lock it up in a safe in their bedroom or something. But you have a $10 million piece of artwork, you probably got it on the mantle. You’ve got it over the fireplace or in the front foyer of your house and probably doesn’t have a passive alarm system protecting it or security screws to keep it from being taken off the wall because people want to show it off. Yeah. It’s way too enticing. [28:24] Really? So, yes, you need to keep the word out there and keep this in people’s minds. And I’m sure the museum tries to do this in some ways in order, hopefully, that maybe somebody will say, oh. Yeah. [28:38] I think I saw that somewhere in this news program or on this podcast. [28:42] I’ll put some pictures on the podcast when I end up editing this. No, please do, Kerry. And that’s the thing. That’s the basis for the title of my book is it really is a fugitive investigation. And that’s how I work this case is fugitives and perfect fugitives because they’re not like their human counterparts. They’re not going to get tripped up on the silly things that we need to do as human beings, getting a driver’s license or whatnot. Yeah. [29:09] And so that’s how I worked the case. The FBI was really, I was always impressed with the FBI’s support that they gave me on this investigation. We did billboard campaigns and social media and a lot of things to get these images out there to the public, hoping it might resonate with somebody. And that’s really my goal for this book. I felt it should be written. I felt it’s an important case. Certainly, it’s something that I wanted to write about. It’s something that’s very important to me. [29:42] But it’s yet another attempt to apprehend these fugitives. And I’m hopeful that somebody, it might resonate with somebody. Somebody’s going to see something. And there’s so much disinformation and misinformation that’s out there in the media about this case. People are endlessly, all these armchair detectives, and I don’t say it in a deprecating way. Good for them. Work as hard as you can. But if you want to work this case from your armchair, great. but you should be going off accurate information because there’s a lot of bad information that’s out there on the internet. And if you want to help out, if you want to collect that $10 million reward, great, but you should be going off the most accurate factual information that’s available. Yeah. And you probably ought to go down to the deep seamy underbelly of Philadelphia or Boston or somewhere and get involved with a mob and then work your way up and make different cocaine deals and everything. And eventually you might be trusted enough that some might say, oh yeah, I’ve got those in this basement. I would suggest there’s better hobbies. [30:47] That could be hazardous to your health. I wouldn’t recommend it. Yes, it could. All right. Jeffrey Kelly, the book is 13 Perfect Tuesdays. Those are the paintings that were stolen that you’ll see on the podcast on the YouTube channel. The true story of the mob, murder, and the world’s largest art heist. Jeffrey, thanks so much for coming on to tell us about this. Thanks, Gary. Thanks for having me.

There is a storm coming with the challenges of navigating the TRUSTEE CRISIS. It is one of the biggest blind spots in the “GREAT WEALTH TRANSFER” and will be the source of mountains of litigation for the unwary, https://youtu.be/hwQev88A03M Summary In this conversation, Frazer Rice and Jennifer Zelvin McCloskey discuss the current crisis in trusteeship, highlighting the shortage of qualified trustees amidst a significant wealth transfer. They explore the importance of modern trust planning, the challenges faced by individual trustees, and the need for better education and training in the field. The discussion also covers the emotional and interpersonal aspects of trusteeship, the functions and responsibilities of trustees, and the necessity of managing risk effectively. They emphasize the importance of building a pipeline for future trustees and improving the perception of the profession, while also identifying opportunities within the trust industry. https://open.spotify.com/episode/4qpkrVdaUa2AfDxgl7j3yN?si=XVgG3jE_Qpqq2JTqi8XLXQ Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠) Takeaways The coming crisis in trusteeship is already here. There is a significant shortage of qualified trustees. Trusteeship requires strong interpersonal skills and emotional intelligence. Managing risk is a fundamental aspect of trusteeship. Trustees critically need education and training. The role of a trustee is evolving with increasing complexity. Beneficiaries need to understand their rights and the trustee’s role. Custodial responsibilities are essential for asset protection. There are many opportunities for growth in the trust industry. Trust law and investment management are distinct fields. This Episode is for . . . Anyone that has an estate plan with a trust in it and doesn't know what a trustee does Any advisor who works w/ multi-generational situations (that’s everybody in wealth management) Any RIA looking to sell Financial types worried about compliance world Fiduciary litigators Chapters of “THE TRUSTEE CRISIS: Navigating the Challenges” 00:00 The Coming Crisis in Trusteeship 02:06 Importance of Modern Trust Planning 04:11 Challenges with Individual Trustees 08:03 The Dwindling Pool of Qualified Trustees 10:06 Functions and Responsibilities of a Trustee 12:20 The Emotional and Interpersonal Aspects of Trusteeship 16:05 Managing Risk in Trusteeship 19:07 Building a Pipeline for Future Trustees 22:10 The Role of Education in Trusteeship 25:07 Improving the Perception of Trusteeship 28:19 The Need for Better Trust Education 30:39 Bifurcation of Trustee Functions 33:26 Distribution Functions and Beneficiary Relations 36:52 Custodial Responsibilities in Trusteeship 40:19 Consequences of Poor Asset Management 46:41 Curriculum for Trustee Education 52:13 Opportunities in the Trust Industry Transcript of “THE TRUSTEE CRISIS: Navigating the Challenges” Frazer Rice (00:01.068)Welcome aboard, Jennifer. Jennifer Zelvin McCloskey (00:02.723)Thanks Frazer, how are you today? Frazer Rice (00:04.782)I am doing great. We’re going to dive into a topic that is near and dear to both of our hearts. And that is what I’m describing as the coming crisis in trusteeship, but I think it’s already here. Which is the concept of qualified trustees being in short supply, right in the face of a gigantic wealth transfer. And first of all, before we get into that, just describe what you do on a day to day basis first. Jennifer Zelvin McCloskey (00:33.445)Sure, I actually wear a bunch of hats. Day to day, right now, I’m a full-time practicing trust and estate attorney. I’m also an individual trustee for a variety of trusts that need either somebody here physically located in Delaware for a short period of time or even a successor trustee. But I’ve also spent many, many years building programs in trust management and trust administration. Because there is this crisis of human capital that just does not exist. I built multiple programs. They’re housed out of the University of Delaware. So I act as a trust and estate attorney, do planning, administration, I teach in the area, I build programs in the area, and I serve as a trustee. PEAK TRUST MANAGEMENT CERTIFICATE Frazer Rice (01:23.182)A full plate to be sure. To me, I came out of Wilmington Trust and another trust company served an individual trustee too. I’ve seen all these different flavors of trusteeship. My general sort of bon mot around that is that the individual trustees. I’d say 95 % or higher don’t really have an appreciation of the risk and responsibility that they’re taking on. And then the corporates have their own issues, which we’ll get into in a little bit. If we pull back even further, modern trust planning in wealth management, why is this so important? Jennifer Zelvin McCloskey (02:06.275)That’s massively important. It’s not just for the mass affluent or the ultra high net worth. It’s for everybody. We have all of these assets that we have this hyperfocus on building and increasing our wealth. Making sure that we have the ability to sustain ourselves throughout our entire lives. But if we don’t do this type of planning, if we don’t have structures and implementation for when we die, then our assets that we’ve planned so diligently for will fall off of a cliff. We lose the ability to control ultimately what happens to those assets. Layered on top of that, of course, is the tax component for ultra high net worth folks who are trying to really focus and direct their assets to make and create generational wealth transfers. Without this type of functionality and wealth planning and estate planning long-term, people lose control of what they’ve spent so much time building. Frazer Rice (03:13.338)One of the things I tell people as far as trusts are concerned is that, you know, we’re putting these structures together. They’re durable enough to withstand taxation or creditors or other asset protection features, create some guidelines around distributing the assets to the next generation or other constituencies. But also have some flexibility to be able to deal with the things we can’t look into the crystal ball and figure out over time. And that those three things just putting a document together that tries to do all that is hard enough, but then to put it in the hands of somebody or something to administer and to exercise discretion around it. That’s where the real art and science kind of stitched together and create this issue. You know, as we think about that too, the idea, the history of these types of scenarios kind of goes back to, you know, you’d put a structure in place and then you’d go hire a bank and they’d take care of everything. How do you look at that and say, all right, we’ve gone well past banks to individuals and then to dedicated institutions. What is the problem there? Jennifer Zelvin McCloskey (04:22.956)Now the problem, there’s two problems. In my opinion, what I see is that, you know, your individual trustee by and large is Uncle Joe, right? He’s the guy that everybody goes to in the family. The responsible one. He’s the smart one. The wealthy one who, great, doesn’t know what the fiduciary duties are. He doesn’t know that he has a duty of impartiality. He doesn’t know that… Frazer Rice (04:32.419)Right. Jennifer Zelvin McCloskey (04:48.475)He can’t self deal unless the instrument says so. Doesn’t understand how the instrument works. He doesn’t understand the nuance and the legalese written into the instrument. But he’s flying by the seat of his pants and everybody looks to him as the respected one in the family. No one knows that they have the ability to challenge him. So with your individual run of the mill trustee named in the instrument, they just don’t have the expertise, they don’t have the technical knowledge. Don’t know what they don’t know. They can get into trouble in that way. The other problem that you have with professional individual trustees oftentimes is that they are not formally trained. They may be an attorney who is working in that area, who’s doing plans for people who may or may not know what the full scope of being a trustee is. They may not realize, I have to get a special insurance policy because my malpractice insurance policy doesn’t actually cover this type of fiduciary engagement. There’s a lot of landmines that individuals can run into when they’re doing this type of work. On the corporate side, the problems that we run into is that there’s just a complete and utter lack. Frazer Rice (05:50.061)Hmm. Jennifer Zelvin McCloskey (06:12.059)Of available educational programs to teach people the proper way to be able to understand trusteeship. It has always been, and it just has developed over time through, you know, oh, we’ll give it to the bank, the bank will do it. This apprenticeship model, and that just does not scale well because if you learn improperly at the edge of a desk from somebody that learned improperly at the edge of the desk. Then the person that you’re teaching now at the edge of the desk is learning what you learned improperly. So anecdotally, I did karate for a long, long time. And the man who taught me karate, I’m almost a secondary black belt to like, was serious in karate. And the man who taught me karate said, you practice, it makes permanent. Don’t practice wrong. Because when you’re practicing wrong, you’re making permanent wrong things. And that’s what the apprenticeship model has the risk of lending itself to. It’s not that every trustee that learns at the edge of the desk learns wrong, but the risk is too high because the fiduciary responsibilities and the duties are too high to run that risk. The other problem is that we have a dwindling pool of really qualified senior trust officers because of just the nature of the job. You’re a human being, you’re an individual, you age, you retire. And it’s not something that people go to school and say, when I grow up, I want to be a trustee. They fall into it sideways. And unless there are academic programs that are out there that people are aware of and that they can get some formal training, some formal education to enter into the field. Frazer Rice (07:49.742)Yeah Jennifer Zelvin McCloskey (08:03.82)Separate and distinct from, I’m in the field and now I want to get a CTFA. I want to earn my certification to really show that I have the chops in this area. We have this shrinking pool of expertise. We have a lack of knowledge, a lack of formal education, and an apprenticeship model that doesn’t scale. On top of, with the individual side and the corporate side, this massive wealth transfer and an explosion of trust complexity that’s all taking place at the same time. Frazer Rice (08:31.918)One of the issues at the corporate level too is that as you say that the impregnance model is not necessarily the best way to do it. They’re cutting back on training programs. The business model around being a trustee or even a specific trustee does not make the big money. And so the ability for those types of institutions to develop the people.who ultimately are now in a very sort of pro-employee environment where there’s such a demand for trustees that they can kind of switch around and get a 10 or 20 % bump each time they go because people are desperate to have them. There’s a real cavern there to try to create the permanence that you’re looking for in a structure that really rewards consistency over time, especially as it relates to discretion and process of decision-making. Jennifer Zelvin McCloskey (09:23.15)Yeah, that’s exactly right. And that leads to this revolving door in the industry, because people are just trying to make more money and they’re going and bouncing to different trust companies. And there isn’t that backfill. Just because it’s a trust company and there’s policies and procedures, trusteeship is about relationships that you make with your beneficiaries, the relationships that you develop with multiple generations in a family. And when you have somebody that’s acting and serving in that and they move, they leave, they’re no longer acting and serving in that capacity, a new personality comes into the mix and it can really be disruptive. So having that consistency and minimizing the attrition is so valuable. Frazer Rice (10:06.766)The other thing I try to bring up, especially to individual trustees, is that the thing that you’re signing up for is probably going to look a lot different in five or 10 or 15 years when people are aged on, they remarry, they have kids, etc. That the conditions are a lot different than what they were before. And it’s going to be difficult to take on a structure that has eight people when before there were two. Jennifer Zelvin McCloskey (10:37.517)Yes, and that’s that complexity, that increased sophistication and complexity of trust structures that are available now to people. With the increase in the exemption, these trust structures, they’re not necessarily changed. For example, qualified personal residence trust, if people really need that anymore, but there’s a ton of them sitting around there. Are trustees properly administering it? Did you actually transfer the real estate into the trust at the time? So there’s all kinds of sophisticated structures that the trustees may or may not have the right skills. But they’re saddled with having to do it. Frazer Rice (11:19.47)Let’s take a step back and just talk about the functions of a trustee for a second. I break them down basically into three. Which is the first one. You have to administer the trust, meaning you have to dot the I’s, cross the T’s, make sure things get executed, tax returns are filed, statements get sent out to the extent that that happens, and that the administration of a structure like that occurs. Then I talk about the concept that the investments have to be made monitored moved around decided and that they’re appropriate for all classes of beneficiary that are in there and then the distribution function which is The assets have to be distributed according to the law. First the trust then maybe the intent or the law if everything is silent and that those three things are very different components and that it’s tough to find somebody who’s great at all three housed within one brain. Jennifer Zelvin McCloskey (12:20.217)Yeah, I agree with that 100%. It is a three legged stool. It’s the investments, the administration and the distributions. And in that administration umbrella in and of itself, there’s a tremendous amount of work that sort of goes unsung. know, it’s not the sexy stuff where you’re investing and making a bunch of money for your income beneficiaries and managing to preserve the corpus for your principal or your remainder beneficiaries. And it’s certainly not the personal interaction that you’re doing with your beneficiary day to day. Making distributions, helping them, seeing the product of that help. It’s the making sure you file ax returns are properly. Understanding how to read that tax return. Even if you’re not preparing it, making a proper selection on the accountant that you’re using to prepare those tax returns if you’re not preparing it. Make sure to set up statements properly, make sure that in this world of silent trust documents that you’re not sending a statement to somebody who’s not supposed to have it. Communicating with beneficiaries on an even keel. Making sure that you’re not inadvertently violating your duty of impartiality because it’s more than just a substantive duty, there’s a procedural duty as well. That’s really, really challenging to find within one human being, let alone add on top of it somebody who’s financially savvy enough to understand investments and all of the different complex investment tools that are out there, as well as having the personality and the interpersonal skills to keep beneficiaries engaged and happy. Frazer Rice (13:56.426)Just on top of that, the EQ, the bedside manner, and the ability to simplify the complex, et cetera. At the same time, that dedicated note taker that is able to document everything that happens within a decision. Whether distribution or investment or otherwise, that it’s just two different people most times. I find that something falls apart as time goes on. Ultimately if things aren’t laid out correctly, that’s when conflict starts to simmer. Then you know if there is something that’s wrong. That’s allowed to compound that’s where you get into a huge problem later on. Jennifer Zelvin McCloskey (14:36.922)It’s all that feeling. People are behaving in ways that they may or may not be able to articulate their emotional proximity to. When you’re talking with beneficiaries. There’s something simmering under the surface that you inherited because you’re a trustee. You may not even be aware of it because the beneficiaries may not even be able to articulate it. You have to have a certain sense. A gut check of feelings of rntuitively being able to read what’s going on under the surface. To pull it out of people in a very balanced and even keel way. It’s not an easy job by any stretch of the imagination. On top of financial literacy and personal liability and executive functioning skills, being detail oriented, making sure your documentation is not overly explicit. isn’t, you know, scarce. You’re now wondering how and why did you make those decisions? People don’t think about the decisions that they make on a day to day basis. We don’t think in a way to articulate why I made this decision. Why I exercised this type of judgment. And that’s what we’re being asked to do as trustees is to document what is my decision making process? Why am I making the decision? What are my factors involved in making that decision in a way that’s defensible. If we ever need to defend it. Frazer Rice (16:05.292)Well, in favoring one class of people over another is usually where the rubber hits the road on this. People who are used to seeing the income from a trust and don’t want that touched come hell or high water. Then future beneficiaries who’d like to see the trust go from X to 2X to 5X. So that they have something larger to enjoy. You have a natural tension that you have to manage. It’s just not easy. If you don’t document the hows and whys of what you’re doing, you set yourself up for a problem. From one class or another looking at you saying, you you should have done it differently. To go back to that liability component. You’re the only one who sits in the chair of having made that decision. You’re the one with the bullseye on your back when it’s called to account. Jennifer Zelvin McCloskey (16:53.093)That’s right, that is exactly right. And now add on top of it, you’re just named because you’re Uncle Joe and everybody goes to Uncle Joe. You have no technical background and you just don’t know the landmines that are there. You don’t know what you don’t know. Wouldn’t it be wonderful if we were able to create a pipeline of really sophisticated entry level employees or folks that are, you know sophisticated in financial literacy that now want to take the job to become trustees, that we were able to give them this technical roadmap for what the job actually is and then have them get the ability to apprentice on all of those policies and procedures. What does this corporation do? How do we document things? When you’re trying to learn it all at one time, it’s like drinking from a fire hose. Let’s give people the ability to really have a chance at doing it successfully. Frazer Rice (17:53.048)So let’s dive into that pipeline issue for a second. We already diagnosed that the, let’s call it the trust companies or the banks are, they’re just not resourced enough. They can’t run people through an internal school to do it quote unquote correctly. The apprentice model really kicks in. Which means you’re at the sort of mercy of what people are good at, not good at, et cetera. People turn over quickly so that apprenticeship doesn’t even work anymore. The RIAs I think are the worst place to learn about this type of thing. They have a completely different modus operandi as far as keeping clients happy. The word fiduciary means something so different to them than it does to an actual trustee. I wouldn’t feel good about the training on that front to sort of create trustees And then so law schools. They’re they’re just trying to create people the trust in the states vertical as a general matter. Let alone trying to delineate into a trustee situation. You’re putting the pipeline together and you put these programs together. How do you stitch together the needs and what does that manifest itself into? Jennifer Zelvin McCloskey (19:07.642)So that’s a really, really good question. I think that the very first place that we start with answering that question is advising on a trust as an attorney. It’s different from the administration of a trust and the skills that you need for that. So when you create a program like this where you’re trying to teach about trust management. You have to start with the technical skill. The legal side of what is it that we’re even doing? What is a trust? What are the fiduciary duties? Where do they come from? Then we have to, after we teach or create a structure or foundation on what the legality is. Now we go into how does this translate into administration? So when I created the programs, I looked at what’s the law they need to know? What is the level of sophistication of the student? And what do I need to, from a foundational perspective, teach first? What are the building blocks? And then how do I translate that into administration? The one thing that I have found is trust law does not equal investment management. So if people are coming along… Frazer Rice (20:26.254)No question. I’m nodding audibly at that comment. I like that. Jennifer Zelvin McCloskey (20:31.226)Your fiduciary duties as a trustee are fundamentally different than those of an RIA, where some RIAs are not even fiduciaries by law. They’re not. So being able to delineate and explain where that line is, what makes you a fiduciary, what are those duties, after you know the legal basics. And taught to you at a level that you can understand. I don’t expect everybody to be a lawyer. And people have asked me time and time again, do I need to be a lawyer to know this? No, you don’t need to be a lawyer because you’re not advising on the law. You’re advising on the administration of a legal structure and how that administration affects the fiduciary duties that are inherent in the relationship. Then how those fiduciary duties are translated out to the beneficiary. That’s the way that I’ve always built these programs. Where do I start? Start with the law. Where do I go from there? Start with how the administration translates the law. And then how does that administration get heard by the beneficiary? Where does the RIA come into the mix? The RIA should not be dabbling in advising on trusts. They should know that they need to bring in somebody who has this particular skill. And if they’re not doing that, they’re doing the client a disservice by trying to give one-stop shop advice. Frazer Rice (22:06.85)Yep, no question about it. One of the things that…we delve into the world of trusts and their function, et cetera, is that you’re dealing with an ecosystem from client to outside advisor, whether RIA or even accountant, et cetera, that they’re looking for certainty and airtight. quality to these structures that you put them in place and then everything runs like a clock going forward. When in actuality, I think there is a bandwidth of risk around everything. And so it’s the poor trust officer or individual trustee who sometimes has to be the bearer of bad news to say, yeah, you know, I think this is going to work 98 % of the time, but there’s a 2 % problem here or we’ve got this to fix or something like that and everybody else sort of sighs with disappointment and gets mad at the administrative function when in actuality they’re really doing their job and trying to, you know, keep a lot of things that are spinning out of control kind of within view. How do you get a trust officer or that administrative function or even the full trustee function to be comfortable with that risk and everything that’s involved with that? Jennifer Zelvin McCloskey (23:20.504)You have to start with explaining that there is risk and we’re not our job is not as a trustee to eliminate risk. Our job is to manage and identify risk. It is inherent in the job. There is going to be risk. No matter what you do, you cannot divorce risk from trusteeship. It’s a matter of identifying perceived risk and actual risk. And if you can teach that, if you can teach These are the things that are going to trigger a likely outcome. They’re gonna trigger a likely risk. Then you can essentially, you can’t foresee everything. I mean, there are things that are just gonna happen. But in a trust instrument, you’ve got contingency plan upon contingency plan upon contingency plan. That’s what the flexibility of those structures are building. We need to, as trustees, be able to recognize What is the risk with contingency plan A? The risk with B? What is the risk with C? How can we minimize the risk? And how can we make sure that we’re managing perception of risk versus actual risk? Frazer Rice (24:29.31)as someone who’s been in trust companies, advised trust companies, advised trustees, and advised clients, the lack of appreciation for the management of that risk and that that as the intersection of the business model of trusteeship and risk management and use of discretion and making hard decisions and even kind of an insurance quality around these structures, how do you fix that, where people place a level of respect on the job that I think is completely lacking in the wealth management ecosystem? Jennifer Zelvin McCloskey (25:09.089)Absolutely. It’s a tough one to answer. How do you fix it? First and foremost, I think that it’s a top-down fix, especially at a corporate trust company, a bank, and even an independent trust company that’s not affiliated with a bank. The management has to… really understand the function of the trust company. For so long, it’s been just an extra service that we provide and and we’ll do this, the back office trust company. It’s really, really important that the management recognizes what the functionality of the trust company is and stops treating it as sort of a back office stepchild. From the corporate level, I think that’s the very first place we start. Frazer Rice (25:38.478)Mm-hmm. Jennifer Zelvin McCloskey (25:57.818)The second place we start is investing in our trust officers, investing in the team, giving them the education that they need, continuing to give them education, providing training programs, whether they be in-house, external, bring in trainers. None of this is set it and forget it. At the individual level, I think it’s really, really important to have functions like the Individual Trustee Alliance, groups like that, where you have an ability to talk to other professionals that are doing what you’re doing. That’s another way to impress upon people that we have to manage the risk and we can’t do it all alone. Nobody knows everything. You really have to, you have to talk to other people. You have to engage. have to, what is it called when we were practicing law and we’re a little bit outside of our comfort zone, we have to consult with other people who know more than we do. It’s our obligation as lawyers. It’s the same thing with a trust company, with a trustee, whether you’re an individual or you’re not. Widen that circle. Frazer Rice (27:08.474)I think this is my idea for the day that there’s got to be a bit of a public relations campaign sort of describing what’s going on here because I think especially when we go into the family members that sort of occupy these roles, they have no earthly idea what they’re doing. They’re usually doing it for free. Everything’s hunky dory up until a point and everyone hopes that everyone is not going to sue each other if something goes wrong. But the level of wealth that’s being transferred now is now so significant that everyone sort of talks about, AI is going to get rid of lawyers. Nope, not in fiduciary litigation. I think that’s a medium term growth industry, especially around insurance, around ILITs, around revocable trusts, around elder care. But this is my advertisement for people who are in law school looking for a productive way to go. I think that one is going to be, I think that one’s recession proof, at least for a while until I retire anyway. So my thought is that awareness over these things, and it’s probably going to take a very difficult case or a class action suit, something like that, where somebody really gets hurt in order for that awareness to come up. Jennifer Zelvin McCloskey (28:24.922)Yeah, I would agree. think that some of the solutions would include better trust education, you know, whether it be for RIAs, lawyers. Trust in the states is a throwaway class in law school. And there are so many law schools that are essentially rolling it back because bar exams aren’t testing it anymore in a variety of states. And ACTEC is definitely working with the law schools to try and increase trust in the states being taught and certainly being tested. So education for lawyers coming out of law school, education for RIAs that are advising on trusts, education for trust officers, for trust administrators, trust professionals in general, clear role delineation. What is the role of the RIA? The role of the trust officer? What is the role of the trustee if they’re an individual trustee? And then creating a culture of collaboration on what we’re doing as a team for the beneficiary, not substitution, but collaboration with the advisors and the trustees. Frazer Rice (29:32.59)Let’s go into the role delineation for a second. About 20 or 30 years ago, the concept of bifurcating or sort of cordoning off the different functions I described before the investment, the administration and the distribution has come into vogue. I think that came out of frustration with bank trust companies where you got one set of advice for every trust that they had as far as investments and distributions and administration and a lot of modern larger families wanted something a little bit more specific to their needs. And that’s really turned, it’s exploded as an industry for increasing sophistication and size of wealth. Along those different functions, where maybe the administration goes to a professional trust company or a trust officer in the state that you want, Then there’s some intersection maybe in the distribution committee. And then the investment side of it is a bit of a free for all, think, depending on what you’re, dealing with. How do you educate the, that continued the delineation, but the coordination within those types of structures. Jennifer Zelvin McCloskey (30:41.275)Yeah, I think it’s really important. And I’m a Delaware lawyer. I’m licensed in multiple states, but Delaware is my home. It’s where I learned how to be a lawyer. It’s where I grew up as a lawyer. So this directed trust model that you’re describing, where you’re bifurcating, truly bifurcating these particular functionalities of a trustee, it originated in Delaware. sort of, we didn’t, I mean, we invented it, right? We codified it. It was being done, but we codified it. The idea of making sure that everybody understands what their function is and knowing that there’s a limit of liability that’s built into the instrument and communicating what that means to the RIA that is named in the document. I can’t tell you how many times I have heard companies, heard trust companies say, we’re advisor friendly. And I’m like, not unless you’re directed, you’re not. Frazer Rice (31:37.528) “THE TRUSTEE CRISIS: Navigating the Challenges”Yeah. Jennifer Zelvin McCloskey (31:40.439)If you are directed, you are 100 % advisor friendly because there’s no chance that that trustee is going to try and take the investment management. They’re not a portfolio manager. Not a clerical administrator. They’re not a passive rule follower. We need to identify what does that trustee actually do when they are an administrative or directed trustee. Clarify that role so that people who are engaged in this bifurcation, this structure where we’ve got a distribution committee, maybe it’s individuals who are close to the family, close to the beneficiaries, where you don’t have somebody who’s objectively uninvolved with the family members making decisions as to whether or not there’s a distribution that should be made. But also advising those rolls those advisors that your administrative trustee is not just a pencil put a paper pusher. Not just checking boxes. They really do add value to the role that they provide and making sure that everybody understands what each other are doing, having regular meetings amongst the team instead of operating in a vacuum or operating in a silo. And taking the approach of it’s not my job, misunderstanding trustee powers and the advisor’s authority. So when that’s delineated, when that’s really understood, not just by the advisors, but also by the beneficiaries, there are so many beneficiaries out there, Frazer, that have absolutely no idea that they actually hold all the cards. They don’t know. Frazer Rice (33:25.87)Along that line, so in the administrative, we just walked through pretty nicely. The distribution function is one that, let’s talk a little bit for a second about what it means to ask a trustee for a distribution and maybe the difference between income and principal and why having a steady hand at the wheel within that function, whether it’s a corporate trust company of qualified individual or family input in that function, why real good thought needs to go into how that’s staffed. Jennifer Zelvin McCloskey (34:04.73)Yeah, absolutely. 100%. In a corporate trustee ship or a corporate trust company structure, there’s always going to be distribution committees, right? So if you are the trustee, you’re going to have to go through a committee that’s looking at what your reasoning is for making that distribution. They’re asking questions about what have been the prior distributions? Have they come from principal? Have they come from income? What is the spend rate on that trust? How is this going to affect long-term spend rate? Is this an aberration? Is this something that’s gonna become a habit? Really understanding what the distribution, the guidelines are in the trust. What is the distribution standard? Making that decision? What are our factors? And how many people are at the table? Who’s communicating that to the beneficiary? Does the beneficiary know that the trust officer alone does not have the ability to say yes or no? That when they’re in this ecosystem of a corporate trust company, they have their checks and balances to make sure that that risk is being managed. So when you’re looking at corporate trust companies, are a lot of layers behind understanding what the distribution standard is, whether it’s hems or if it’s purely discretionary. The other thing that you need to look at when it’s not a corporate trustee and it’s an individual trustee is, how is that individual trustee making that decision? Are they doing it in a vacuum? Alone? Are they favoring one beneficiary over another because they like them more, you need to have some communication to the beneficiaries so that they understand what they are, what their interest is, what they are entitled to, if anything, and why the trustee stands in that position as the gatekeeper. And I really think in my heart of hearts, we need to make a shift from a gatekeeper trustee Jennifer Zelvin McCloskey (36:16.708)to a beneficiary enhancement trustee, where the beneficiary is really taking on the understanding that the trustee is there to facilitate enhancing the beneficiary’s life. That even though the trust may have started at the outset as a tax strategy or something that the grantor decided they needed to do with the advice of counsel. At the end of the day, you wouldn’t have been named as the beneficiary if there wasn’t some sense of love or obligation even, that it’s for your benefit. It’s in the name. Beneficiary. Trustees need to understand that and beneficiaries need to be taught. Frazer Rice (36:54.958)Right. Frazer Rice (37:00.646)And it goes to the circle back to the notion of making sure that you write down the whys of the decision because ultimately if the concepts of favoritism or you didn’t communicate this or anything, the idea of having the beneficiary submit a budget but having them understand why they are submitting a budget and then if there is some discretion that’s happening around that decision that the data points that are informing that discretion, that’s gonna keep everybody safe a lot later on. Jennifer Zelvin McCloskey (37:32.666)Absolutely. I break it down into a couple of different factors. It’s fiduciary decision making. How is that fiduciary making the decisions they’re making? Why are they making those decisions? And who is being affected by the decisions? Document interpretation. Do you understand the document that you’re administering? If you don’t understand the document you’re administering, hopefully best case scenario, you know what you don’t know and you ask. But if you don’t understand the document and you don’t even have the wherewithal to say, hey, I need help to understand the document, it’s really problematic. The third part, balancing beneficiary interests. Really taking on board this idea of the principal income problem that all the assets in the trust are not the same. That some of it doesn’t at all in any way affect a certain class of beneficiaries. And at the same time, it’s inextricably intertwined in the way that it affects another class of beneficiaries. And then risk management and governance. How is this being governed? How are we managing perceived and actual risk as a trustee? Frazer Rice (38:40.13)The investment function, which I alluded to before, I see storm clouds on that horizon, not really at the RIA level, because I think there’s sort of a default mode that investment policy statements are in place. Diversification is a true commodity at this point. And I never really worry about an RIA sort of understanding how to invest to get to a certain expected return and deal with the risks and drawdown and all that stuff. The storm cloud I see is when individuals sit in that role and they are being tasked with, let’s call it quote unquote, overseeing concentration, meaning that trust is holding a building, farmland, a nuclear reactor, crypto, all of these different things that sometimes can be, A, they have their own different maintenance responsibilities that are not just looking at a fidelity statement, but that they also have their own volatility And, you know, in the case of a building, you got to make sure it’s managed correctly. are they going to get sued or the windows kept up, all of that stuff, and that there’s a whole different component there. And I’m waiting for the shoe to drop on some fact pattern there where somebody is sitting in the role of an investment advisor. It doesn’t say trustee in the document, so they don’t really think that they have trustee liability. But. they sit in that role and all of a sudden somebody finds 10 55 gallon drums of green fluid in the basement of a building and all of a sudden the trust has a big set of red brackets that say minus $100 million that you owe to the federal government and the EPA. How do you think about that? Jennifer Zelvin McCloskey (40:21.454)Hmm. Jennifer Zelvin McCloskey (40:25.242)That’s a heavy question. so the Delaware stock answer, obviously, direct it, right? It’s just to get the trust, cut off the liability. At the first, at the inception of your hypothetical is bad drafting, right? So if there’s no statement as to whether or not your investment advisor is acting as a fiduciary or not, Frazer Rice (40:35.042)Right. Jennifer Zelvin McCloskey (40:52.836)What does your statute say? Does your statute impose that they are as a default a fiduciary or not? So that’s the very first step. That’s bad drafting. We need to know. But if it’s silent, let’s say it’s just a lousy document, there’s, God knows. Anybody who’s seen trust documents knows that, you’ve seen them all, right? And everything in between. Some are good, some are bad. If this is a bad one. Frazer Rice (41:13.08)Seen good and you’ve seen bad. Jennifer Zelvin McCloskey (41:20.079)Then we need to document the statute. If we can correct it, modify the document, let’s modify it. But if all of that can’t happen, then I would say the best way to handle it, make sure you have adequate insurance. mean, over-insure that, over-insure it. Make sure that there’s regular checks on the actual… Assets that are in the trust, if you have a concentration and that concentration is real estate, get the advice of counsel, put that bad boy into an LLC, get yourself some distance from the actual asset itself being held in the trust, hold an interest, hold a financial interest, push it down to the corporate level. But if you can’t do all of that and you’ve got those 500 gallon drums of green fluid and now you’re… Frazer Rice (42:14.286)You Jennifer Zelvin McCloskey (42:15.371)You you’ve got a super fun site. What do you do? You don’t shy away from it. Have to address it head on. You got to take the accountability. You got to communicate and document, communicate and document some more. Talk to your beneficiaries. Make sure that they’re aware of where it went wrong, why it went wrong. Because I have found in my exposure in the industry over time and in reading case law, it’s when you’re trying to cover stuff up. Frazer Rice (42:43.913)Jennifer Zelvin McCloskey (42:44.027)You’re just making more problems. Bad news doesn’t age well. It doesn’t get better over time. You have to approach it head on and make sure that there’s communication and documentation. Meet with your beneficiaries. If there’s a trusteeship where you are appointed as a trustee individually and you’re not having at least quarterly meetings with your beneficiaries, If you’re not going out and seeing the asset, if you’re not going out and making sure that the asset is properly custodyed, you’re not, you’re violating your fiduciary duty. You are not doing what you’re supposed to do. Frazer Rice (43:21.804)You brought up an interesting word there, custody, which is the administrative function, whether held corporately or individually, one of the major things you have to do is to safeguard the assets. And that’s a big two syllable word that carries a lot of weight with it. That custodial function, how do you teach the trust officers or the individual trustees where that starts and stops? Jennifer Zelvin McCloskey (43:48.579)Yeah, mean, custody is super, it’s a really touchy, touchy subject, especially with the dynamic way that trusts have developed in the current climate from tangibles. You know, I’ve got artwork and my beneficiary wants to hang the artwork in their house. Well, do you have custody? Has it been assigned to the trustee and how do you maintain that asset? Make sure nothing’s happening to it. Do make an appointment, go over to the, visit your artwork? What if it’s prize horses, you know? What if it’s, you know, a stud that, you know, we’re gonna need to breed and it’s gonna be the next Triple Crown winner? How do you make sure that the barn is properly safeguarded? It’s a really touchy subject, especially with things like tangibles and things like assets held away when you technically custody the asset, but you don’t have control over the asset. I think in the education part for custodying, what I do in my programs and when I teach this is I make sure that we talk about different types of asset classes. And what the risks, again, what are the risks that you run with these asset classes? How can we manage the actual and the perceived risk of holding that asset? Even if you have custody and name only, but you don’t have physical custody, how do you maintain your control over that asset? Because it’s really the C’s, right? The custody and control. Just because you don’t have custody doesn’t mean you don’t have control. So we have to make sure that there’s an education that’s provided about the different asset classes, whether it’s tangibles, intangibles, assets held away, if it’s a concentration of stock, if it’s crypto, and most trust companies are not taking crypto. I think that there’s like a circuitous way that they’re getting in right now, but it all boils down to education, isolating what the issue is and educating people on it. Frazer Rice (45:59.586)I’ll give you a third C, it’s consequences, which is what happens when you don’t understand these functions. on the crypto side of things, Jennifer Zelvin McCloskey (46:01.786)Uhhh Frazer Rice (46:11.544)Holds the key to get to the crypto. What happens if that trust officer quits and walks away with the key and they’re like, well, multi-sigil figure this out. I’m like, okay, that’s not that. That doesn’t make me feel great at the moment. And now there have been some advances, which is good, but traps for the unwary to be sure. the good news too for crypto is for people who want exposure, the spot ETFs take away 90 % of the problems with that. But as we start to think about winding down here, because I have a feeling we could probably talk for four or five hours on this subject, when putting your programs together, what does a curriculum look like? And we don’t have to go through it bit by bit, but how does that work when someone comes to your program? How much time does it take? What’s the commitment? Jennifer Zelvin McCloskey (46:47.172)Yeah, I think so. Frazer Rice (46:54.851)Mm-hmm. Jennifer Zelvin McCloskey (47:06.33)So the program that I created that’s really available anywhere across the country is called the Peak Trust Management Certificate Program. Peak Trust Company, may be familiar with it. They have name rights because they gave the donation to the University of Delaware for me to build the program. So it’s housed at the Lerner College at the University of Delaware, but bears the name of Peak Trust Company. I look at five different things. The first thing is trust law and administration. So like I said previously when we were talking, you lay that foundation of what is the legal component of this? What is the baseline that people have to know? And then what is the administration? The second component is, and it’s inextricably intertwined as taxation. What is the income tax? What are the deductions? And now let’s take all of that income tax knowledge, individual income tax knowledge, and build on it with fiduciary income tax. What is DNI? What is FAI? How does it go out to the beneficiary? What’s the character of the distribution? How do we manage that? What are we deducting in the trust? So teaching taxation and not because trustees necessarily are tax preparers, but because the trustees obligation is to be able to understand and read that tax return, they need to know how to spot problems. So from my perspective, teaching fiduciary income tax is a critical component. It also helps. Yeah. Frazer Rice (48:38.828)No, no, I was gonna say no question about that. And there are elections to make, just because it doesn’t just go on autopilot, there are choices to be made so that if you’re the trustee, you may not have to prepare the tax return, but you may have to make a choice on the tax return and you’ve got to be informed because that can be an issue. Jennifer Zelvin McCloskey (48:58.651)65 day elections, perfect example, right? You just, you need to understand what your role is and how it overlaps with that of the CPA. The third part, of course, investments. Investments are inextricably intertwined, whether you’re doing it yourself as the trustee or you’re directed or even delegated, which is like the hairy scaries of every trusteeship known to man, because you’re not actually in control, but you’re responsible. So it’s the gray. When I build a program, because of the, you know, the directed trusteeship being so popular in today’s day and age, we have to talk about not just investments of, you know, marketable securities, not just the custody of tangibles, but also subscription documents, because so many alternatives are held in trust right now. unique assets, need to know how the trustee is actually carrying out their fiduciary duty when it comes to engaging in an investment that is an alternative investment. The fourth component is of course compliance. We cannot ever get away from compliance and I think we could do a whole nother podcast on compliance in trusteeship but. You know, it’s a regulated entity. And even if you’re an individual trustee and you’re not using what those compliance frameworks are, what the guidelines are by OCC, Reg 9, FDIC, if you’re not looking at that and using that as a guideline, don’t do the job. understanding KYC, BSA, AML, all of those compliance components that have tentacles. That’s the fourth part. And then for the fifth part of this program, because it’s specifically geared toward trustee education in trust companies, although it can be applicable, very applicable to individuals, is operations. I was very fortunate that I was able to partner with SCI on building the operations component. So we license their platform called Plato. It’s essentially their training platform. Jennifer Zelvin McCloskey (51:12.888)so that trustees can see how fees are set up, fees, that’s a whole other podcast, fees, statements, distributions, how are we doing this? How are we documenting everything? What are the logistics of the day-to-day operations? So that’s how I built the program and it’s available anywhere in the country. It’s 10 weeks, how long does it take? I would say from three to five hours a week of an investment that you’re making at a bare minimum. Obviously there’s a whole lot more of depth that you can go into. The resources are built in. But I would say 10 weeks, about 50 hours of time where you’re actually engaging with the material. And then I bring in guest lecturers on each different area of expertise for lack of a better description. And they get a certificate at the end, they get a digital badge, and now they really have something where they can add value day one in a trust company or as a trustee. Frazer Rice (52:17.902)With Delaware being, you one of the real gold standards as far as trust jurisdiction, I assume that everything that comes out of this program is pretty transportable to the other useful jurisdictions, let’s call it, within the country. know, the Tennessee’s, the South Dakota’s, the Nevada’s, the Alaska’s, Wyoming’s, New Hampshire’s, et cetera. Obviously, there are hairs to split with different foibles in their law, but everything that you’re describing sounds like works everywhere else. Jennifer Zelvin McCloskey (52:47.928)And I’ve always taken the approach, you’re 100 % correct, I’ve always taken the approach of UTC. I base everything off of UTC and if there’s something different or unique based upon the jurisdiction that you’re in, I always encourage people you have to look at your statute, you have to look at the jurisdiction that you’re actually practicing this in and administering in. I use Delaware, South Dakota, Alaska as examples quite often when we’re talking about the directed stuff, but By and large, it’s UTC. Frazer Rice (53:20.966)It just a weird subset. So special needs trusts and islets, which are two types of trusts, very specific. One holds life insurance. The other is designed to really take care of people who can’t take care of themselves. And they are types of trusts that a lot of trust companies don’t like to take on because the liability is harder or the profit margin is less. For those individuals who get the opportunity to participate in those and I put that in air quotes. How would you advise people to get ready for those types of situations? Jennifer Zelvin McCloskey (53:58.308)People who are in need of those types of trusts. Frazer Rice (54:02.122)Well, maybe both. The people who need those trusts, you know, they’re going to, they, you know, it’s almost like they get set up and then the staffing gets kind of figured out later, barely. And then, you know, the, for the people who end up taking on that role, they really have no idea of what they’re in for in a sense. Is there sort of like a mini, I’m not going to say a full course like you’re describing, but a crash course in, in what’s going on here and what can I do to keep myself safe? Jennifer Zelvin McCloskey (54:30.271)Unfortunately, no, I don’t know of one. and there isn’t much built in. there’s, we talk about a little bit in the program that I built, but, those are specialized and eyelets we talk about a little bit more there, you eyelets had their day and sort of they has done ish. but special needs trust. It’s a whole other ball game because It really incorporates state law and social security and Medicaid, all of those government benefits that I think you would need something more specialized than my program that I developed. And I don’t have a great answer for that, I’m sorry. Frazer Rice (55:12.482)No, there’s not a great answer for it because it’s tough. it’s a, all of which is to say for someone who’s involved with those things and feels confused by what’s going on, that’s one where it’s worth it to spend the money to lean on a dedicated Medicaid elder care, special needs type of lawyer on that front because there are traps for the unwary. Okay, now we’re starting to butt up against an hour here of. Jennifer Zelvin McCloskey (55:29.764)Yes . . . Frazer Rice (55:38.827)Four hours. No, I’m kidding listeners. We’re not going to talk for four hours, but How do people find your program and and then I’ll ask a bonus question at the end Jennifer Zelvin McCloskey (55:49.339)So the program is on the University of Delaware’s website. You just type in peak trust management certificate and it’ll pop up. My name will be there. I think my picture might be there. It’s all over my LinkedIn. So if you look me up, you’re going to see the peak trust management certificate program. You can always email me, jennifer at zeldenlaw.com. Happy to push people into it. start, I’m in the new cohort right now. We’re two weeks into a 10 week program. But we have a new cohort starting in May. I think it’s May 4th. So may the fourth be with you. Frazer Rice (56:24.622)Terrific. So the final question here is really more of a crystal ball question. In this trust industry, trustee industry, what are the real, I’m going to say opportunities out there, and we’ve sort of painted a picture of doom and gloom and its low profit margin and things like that. Where can someone who is thinking from a business perspective about this find something? Once they’re properly educated about it and being able to participate in it. Jennifer Zelvin McCloskey (56:57.582)There are so many opportunities. There is an absolute need for good trustees everywhere. Trust companies from coast to coast, individual trustee alliance. People really, really need trustees. There’s tremendous opportunity with Heritage Institute, not the Heritage Foundation, but the Heritage Institute. There’s opportunities with…various family offices and various trust companies for education, for beneficiary education. So many opportunities out there. Trust companies are just clamoring for people. So if people are interested in becoming a trustee, getting that education, you will not have a hard time finding a job. Like you said, it’s basically recession proof. This wealth is going to transfer. We need sophisticated, knowledgeable trustees. on the receiving end of that transfer so that it happens correctly. Frazer Rice (57:56.578)I’d go so far as to say financial advisors. I just gotta say, a CFP is useful, CFA is on your investment side, but something like this, you know so much more about how intergenerational wealth works than what’s happening in those particular situations that I think it helps people stand out when I see something like that on a resume. Jennifer Zelvin McCloskey (58:00.302) “THE TRUSTEE CRISIS: Navigating the Challenges”That’s all the podcast. I hear you. I hear you. Frazer Rice (58:24.386) “THE TRUSTEE CRISIS: Navigating the Challenges”All right, with that, Jennifer, it’s great to catch up and I will have all of your information on the show notes and I will either see you at the ITA conference in Dallas or what I’m down in Delaware next. More Around “THE TRUSTEE CRISIS: Navigating the Challenges” BUILDING A TRUST COMPANY TENNESSEE AS A JURISDICTION DIRECTED TRUSTEES DELAWARE WELL BEING TRUST THE TRUSTEE CRISIS: Navigating the Challenges https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Keywords for THE TRUSTEE CRISIS: Navigating the Challenges trusteeship, wealth transfer, trust management, fiduciary duties, trust education, estate planning, risk management, trust administration, individual trustees, trust companies, the trustee crisis, navigating the challenges, the great wealth transfer,

VLOG March 9- On way into SDNY for Alexander bros verdict watch https://matthewrussellleeicp.substack.com/p/hamptons-horror-20-in-alexander-brothersUS dropping out of US v. Live Nation, a 2d Inner City Press bid to unseal. Book: https://amazon.com/dp/B0GRN95HNTFDIC excludes public; @USUN does nothing on UN banning US Press: MUNGA?

On this episode:Benton boys are back to back district champions. Hear from Cardinals coach Jared Boone as well as seniors Lincoln Goodwin & Mach Mayom.North Platte boys pinch their ticket to their 1st final four.Penney is set to party like its 1981 as they return to the final four.Atchison boys advance to state while the Troy girls see their season end in Sub-State Championship games.Wanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

On this episode:Benton girls edge out Northside rival Lafayette in an incredible 2 OT game for the Class 4 District 16 Championship.Rock Port girls advance to their 2nd straight final four while South Harrison & Maur Hill girls see their season end.Wanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Wanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Free course: Build a profitable AI side hustle in 7 days https://clickhubspot.com/dki Episode 802: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to 19-year-old Zach Yadegari ( https://x.com/zach_yadegari ) about selling his $50M/yr app to MyFitnessPal.  — Show Notes:  (0:00) How much? (1:57) getting rejected from Stanford (5:45) 60-second origin story (7:27) "your biggest skill is your audacity" (12:50) the truth about selling a company (23:24) dos and don'ts (27:04) Zach's douchebag arc (29:44) first dumb purchase (33:08) decisions that made the app worth $100M (43:51) Idea 1: Semantic search on IG (45:10) Idea: apps  (48:00) filter for good ideas (54:27) Dinner w/ Steve Cohen (1:03:39) Where Zach is putting his money (1:05:58) What Zach sucks at — Links: • Cal AI - https://www.calai.app/  • MyFitnessPal - https://www.myfitnesspal.com/  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

On this episode:Benton Girls survives a stiff test from Maryville as they advance to the district championship game.Lafayette girls start fast to beat Savananh to set up a rematch with their Southside rivals.Atchison boys advance while Riverside Girls, Maur Hill boys & Doniphan West see their seasons send in Kansas Substates.Wanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

On this episode:Rock Port boys have their season end in a tremendous Class 1 Sectional with Faith Christian. Hear from Blue Jays coach Aaron Carpenter.Tuesday ScoresWanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Get Shaan's money rules guide: https://clickhubspot.com/sbk Episode 801: Shaan Puri ( https://x.com/ShaanVP ) talks to Sheel Mohnot ( https://x.com/pitdesi ) about the biggest life lessons from investing, who wins in the AI race, plus AI-proof business ideas.  — Show Notes:  (0:00) Life lessons from investing (3:04) Create Your Own Yacht (11:27) The AI race (19:51) the last mile problem  (28:45) The worst mistakes in business history (33:00) Masa Son's Vision Fund (37:42) Bryan Johnson, social media genius? (43:25) IDEA: Buying the Breaking Bad house (50:29) IDEA: Workout classes for seniors — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

On this episode:South Harrison girls withstand a 2nd half charge from Bishop LeBlond to advance to the Class 3 Sectionals. Hear from Bulldogs coach Kale Watson, Junior Ambrey Hunter & Senior Lexi Hunter. Rock Port & Gilman City are on a collision course in the Class 1 Quarterfinals after sectional wins.Troy girls rout Gossel to Advance to the next round of Kansas 1A Sub-State. Hear from Trojans coach Derek Jasper as well as seniors Harper Whetstine & Allyson Grable. Sound is Courtsey of Matt Pike of KFEQ.Maryville & Savannah girls move on in the Class 4 District 16 Tournament.Wanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

On this episode:Central senior Abby Donovan finishes her career one match short of earning a medal in Day 2 of the Class 2 girls state wrestling tournament.North Platte boys use a huge 3rd quarter after trailing by 19 to defeat rival Mid-Buchanan for the Class 3 District 15 title their 1st since 2011.Penney boys withstand a 4th quarter charge from Nodaway Valley to claim their 1st district championship since 2016.Saturday Scores.We want to thank the following sponsors for supporting our state wrestling coverage.John P. Anderson Agency LLC- Shelter Insurance Katy Burkhead of Corner Post InsurenceTeten Home Improvement of Rock Port Stronger Starts Now - Link FitnessHeather Cox Bennett Agency The Hamilton BankCarrie & Wade HarmsLathrop Chiropractic CenterWanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Send a textRandy Surles—retired Army Ranger and Green Beret turned editor, ghostwriter, and Story Grid-certified book coach—joins Joe to talk directly to veterans who feel called to tell their story but don't know where to start.After 25 years in Special Operations, Randy transitioned from the military to the writing world, studying under Shawn Coyne and helping dozens of veterans turn their experiences into memoirs, leadership books, and fiction. Along the way, he's seen what works—and what doesn't.Joe reflects on his own year-and-a-half journey working with Randy on his forthcoming book—including the uncomfortable but necessary process of clarifying the message, identifying the right reader, and moving beyond “I just want to write a book” to “Here's who this is for.”Randy explains why most military memoirs never gain traction, why writing “for everyone” is the fastest way to reach no one, and how to identify the single reader you're actually trying to serve. He also breaks down the realities of publishing—from traditional deals to hybrid models to self-publishing—and why marketing is often harder than writing.Watch the full interview on YouTube!Joe and Randy also discuss:How the Hero's Journey mirrors a military careerThe power of identifying your single audience member (SAM)Why most books sell fewer than 500 copiesWhat veterans misunderstand about traditional publishingThe truth about hybrid publishers and upfront costsWhy building an email list may matter more than social media followersHow writing 600–700 words a week can turn into a finished bookWhy accountability (even the annoying kind) makes the differenceWhether you're transitioning out, reflecting on your career, or feeling the quiet pull to capture your experiences before they fade, this episode offers a practical roadmap—and a reality check—for veterans who want to turn their story into something that serves others. Also, check out Randy's website: Militaryeditor.comA Special Thanks to Our Sponsors!Veteran-founded Adyton. Step into the next generation of equipment management with Log-E by Adyton. Whether you are doing monthly inventories or preparing for deployment, Log-E is your pocket property book, giving real-time visibility into equipment status and mission readiness. Learn more about how Log-E can revolutionize your property tracking process here!Meet ROGER Bank—a modern, digital bank built for military members, by military members. With early payday, no fees, high-yield accounts, and real support, it's banking that gets you. Funds are FDIC insured through Citizens Bank of Edmond, so you can bank with confidence and peace of mind. Logistics Systems Incorporated (LSI) is a Service-Disabled Veteran-Owned Small Business supporting DoD and federal civilian agencies with enterprise IT operations, global logistics support, cybersecurity, data, and mission support services. Founded by a veteran Army leader, LSI is known for operating inside complex, high-consequence environments where leadership, discipline, and execution matter. Their teams support large user communities and mission-critical systems across defense and civilian agencies.

On this episode:Central senior Abby Donovan advances to Day 2 of the Class 2 state wrestling tournament.Rock Port girls survive a stiff test from conference rival Mound City to claim their 2nd straight district title. Hear from Blue Jays head coach Austin Alitz as well as senior Ella Meyerkorth & sophomore Audrie Meyerkorth.Upsets, last second shots, droughts broken and career milestones highlight a wild night of district championship basketball as we run down all of your scores.We want to thank the following sponsors for supporting our state wrestling coverage.John P. Anderson Agency LLC- Shelter Insurance Katy Burkhead of Corner Post InsurenceTeten Home Improvement of Rock Port Stronger Starts Now - Link FitnessHeather Cox Bennett Agency The Hamilton BankCarrie & Wade HarmsLathrop Chiropractic CenterWanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

On this episode:Day 2 of State Wrestling saw multiple Northwest Missouri grapplers capture state titles while even more walked away with medals. Myself and the Maryville Forums Jon Dykstra talk the day on the mats.Hear from the following:Lathrop's Garrett Beane Rock Port's Ryder Herron Brookfield's Jayden Keller Gallatin's Miah Parker Thursday District Basketball We want to thank the following sponsors for supporting our state wrestling coverage.John P. Anderson Agency LLC- Shelter Insurance Katy Burkhead of Corner Post InsurenceTeten Home Improvement of Rock Port Stronger Starts Now - Link FitnessHeather Cox Bennett Agency The Hamilton BankCarrie & Wade HarmsLathrop Chiropractic CenterWanna thank all of our great Sponsors who make all of this possible.Tolly & Associates Little Caesars of St. Joseph John Anderson Insurance, Meierhofer Funeral Home & Crematory HiHo Bar & Grill Barnes Roofing Jayson & Mary Watkins Matt & Jenni Busby Michelle Cook Group Russell Book & Bookball 365 The St. Joseph MustangsB's Tees KT Logistics LLC Hixson-Klein Funeral Home James L. Griffith Law Firm of Maysville Toby Prussman of Premier Land & Auction Group, HK Quality Sheet Metal, Redman Farms of Maysville, Melissa WinnHenke Family Farms, Green Hills Insurance LLC., Cintas, Thrive Family Chiropractic, IV Nutrition of St. Joseph, Roth Kid Nation Serve Link Home Care out of Trenton, Barnett's Floor Renewal LLC., Balloons D'Lux, B3 Renovations, The Hamilton Bank member FDIC, Wompas Graphix & Embroidery of LibertyEllis Sheep Company of Maysville, Bank Northwest of Cameron, Akey's Catering & Event Rentals, Brown Bear of St. Joseph, Wolf Black Herefords, The KCI Basketball Podcast Jacob Erdman - Shelter Insurance of Rock Port, Rob & Stacia Studer, Green Family Chiropractic , Annie & Noah Roseberry of Re/Max Professionals, Moseley Farms, Jake Anderson of Shelter Insurance A slice & a swirl of Maysville Adkison Barber ShopMoyer Concrete of Maysville Cody Vaughn Wealth Advisor with ThriventGallatin Truck & Tractor Grandmas Gun Shop in Agency Nash Gas in Dearborn Accurate Appraisal in St. Joseph Ryan Meyerkorth SeedB.W. Timber of Bethany Mosaic Medical Center of Maryville Exclusive P.R. of Chicago Great Than Financial Hogue Lumber Company of Albany Stifel in ChillicotheUnited Cooperates, INC out of Osborn & Pattonsburg MP and Sons Contracting in Maysville JA White Construction in Maysville BTC Bank Seth & Marcie Davis of the Fitz Group Home and LandGRM Networks Perry Plumming & Septic LLC of Rock PortCitizens Bank and Trust of Rock Port C&M Business Machines Deal Travel and Cruises LLCKovacs FireworksBray Farms of Cameron The Drug Store in Cameron Pettijohn Auto Center in Bethany Terry Implement Co., INC. Of Gallatin Re/Max Partners of Cameron- Dan & Staci Early The Bunker Club of Savannah North Central Missouri College in Trenton & SavannahCooters Plumbing in Lathrop Steven Frieden Excavating Gregg Lawn & Landscape North Mercer Athletic Booster ClubStronger Starts Now Heather Bennett AgencyLathrop Chiropractic CenterWigfield Farms in Chillicothe

Get Sam's top 7 books for entrepreneurs (+ his reading strategy): https://clickhubspot.com/wkf Episode 800: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the backstory of Think and Grow Rich, lessons from prolific indie hackers, plus Sam's new career to becoming a dating expert.  — Show Notes:  (0:00) Think and Grow Rich  (12:57) The fraud of Jay Shetty (15:29) What makes a guru legit? (22:38) Peter Steinberger (25:24) Pieter Levels (34:34) Christina Cacioppo (40:21) Sam, a dating expert (43:40) 5-second rule (45:01) Shaan the matchmaker — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Patrick McKenzie (patio11) and Luke Farrell examine the structural "technical imagination" gap that prevents the US government from delivering high-fidelity digital services. They discuss why states routinely pay full price 29 times for the same buggy codebase, why failure is the default outcome, and why rooms full of government administrators cannot muster the expertise to say a two line code change should be trivial. They also discuss Luke's work on the "means testing industrial complex,” why the government redundantly pays a private vendor to do a SQL query for information the IRS already knows, and what vendors would say about their own discontents.–Full transcript available here: http://www.complexsystemspodcast.com/understanding-government-procurement-with-luke-farrell/–Presenting Sponsors: Mercury &  FramerIf you have more interesting hobbies than managing your money, Mercury Personal is built for you. It allows you to automate movement between accounts—allocating paychecks and tax prep the moment they hit—with a sensible permissions model for partners or accountants. It works the way tech people expect banking to work. Go to mercury.com/personal to experience banking built by the same folks Patrick trusts for his business. Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.Building and maintaining marketing websites shouldn't slow down your engineers. Framer gives design and marketing teams an all-in-one platform to ship landing pages, microsites, or full site redesigns instantly—without engineering bottlenecks. Get 30% off Framer Pro at framer.com/complexsystems.–Links:Luke Farrell's Substack: https://donmoynihan.substack.com/Luke Farrell, The Means-Testing Industrial Complex: https://donmoynihan.substack.com/p/the-means-testing-industrial-complex–Timestamps:(00:00) Intro(01:52) Transitioning from Google to the US Digital Service (USDS) (05:18) How rule buildup and administrative burdens create "Kafkaesque" mazes (08:21) Using diagrams and funnels to visualize benefit denials (11:49) Software logic errors that improperly kicked children off Medicaid (18:25) Why government payroll IT costs hundreds of millions of dollars (20:02) Sponsors: Mercury and Framer(22:02) How recursive legal requirements and DOD standards inflate IT scope (26:57) Market consolidation and the lack of competition in procurement (33:47) Aligning program administrator incentives with successful service delivery (36:03) Using in-house technologists to push back on vendor change orders (39:27) Shifting from "Big Bang" contracts to iterative, agile development (53:10) The moral incoherence of asset limits (01:11:36) Insourcing electronic income verification databases (01:16:56) Building public sector competence to manage modern technical risk (01:20:08) Wrap

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Teri Williams. Thanks! The transcript from this episode of Money Making Conversations Masterclass features a powerful and informative interview with Teri Williams, President, COO, and owner of OneUnited Bank, the largest Black-owned bank in the United States. Here's a breakdown of the key highlights and takeaways:

This episode is a bit different, and I am in the hot seat. Dan Harris (@danharris) interviewed me for his show, the 10% Happier with Dan Harris podcast, and I thought it was worth sharing here. Dan is a wonderful interviewer, and we got in the zone. He is also the bestselling author of 10% Happier and Meditation for Fidgety Skeptics: A 10% Happier How-To Book.This episode is brought to you by:Cresset family office services for CEOs, founders, and entrepreneurs: CressetCapital.com/TimAG1 all-in-one nutritional supplement: DrinkAG1.com/TimWealthfront high-yield cash account: Wealthfront.com/TimNew clients get 3.30% base APY from program banks + additional 0.75% boost for 3 months on your uninvested cash (max $150k balance). Terms and conditions apply. The Cash Account offered by Wealthfront Brokerage LLC (“WFB”) member FINRA/SIPC, not a bank. The base APY as of 1/30/26 is representative, can change, and requires no minimum. Tim Ferriss, a non-client, receives compensation from WFB for advertising and holds a non-controlling equity interest in the corporate parent of WFB, which creates a conflict of interest. Individual experiences and outcomes will differ. Instant withdrawals may be limited by your receiving firm and other factors. Investment advisory services provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Securities investments: not bank deposits, not bank-guaranteed or FDIC-insured, and may lose value.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Get Pat's guide to find a $1M business idea: https://clickhubspot.com/whv Episode 799: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to the Starter Story founder Pat Walls ( https://x.com/thepatwalls )  about selling his company + business ideas he's seen lately.  — Show Notes:  (0:00) Being pre-close (2:11) Starter Story (5:49) Pushscroll (10:12) Puffcount (12:31) 5-0 Scanner  (14:23) Cal.ai (16:10) B2B Video  (30:30) Busyness is for losers (33:57) EOS (39:56) I am my own biggest obstacle — Links: • Starter Story - https://www.youtube.com/@starterstory  • Starter Story database - https://www.starterstory.com/explore  • “I Am My Own Greatest Obstacle” - https://patwalls.com/2020-i-am-my-own-greatest-obstacle  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Teri Williams. Thanks! The transcript from this episode of Money Making Conversations Masterclass features a powerful and informative interview with Teri Williams, President, COO, and owner of OneUnited Bank, the largest Black-owned bank in the United States. Here's a breakdown of the key highlights and takeaways:

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Teri Williams. Thanks! The transcript from this episode of Money Making Conversations Masterclass features a powerful and informative interview with Teri Williams, President, COO, and owner of OneUnited Bank, the largest Black-owned bank in the United States. Here's a breakdown of the key highlights and takeaways:

Join two 25-year veterans representing the elder justice profession as they provide an overview of the troubling trends they have seen with the burgeoning problem of elder abuse. Their focus will be on financial exploitation—perpetrated by a broad spectrum of offenders, including strangers and people known to their older targets.  The presenters will also address key challenges and threats to the physical and financial safety of older people, including the proposed dismantling of the Consumer Financial Protection Bureau and its Office for Older Americans, along with other concerning issues at the federal, state and local level that are leaving thousands of older people at the mercy of financial predators. Topics will include financial grooming (a.k.a. “pig-butchering”), crypto scams, romance scams, and the growth of transnational crime rings that are targeting American seniors to the tune of billions in losses. About the Speakers Jenefer Duane is an elder justice advocate and consultant. Duane is a former senior program analyst in the Consumer Financial Protection Bureau's (CFPB) Office for Older Americans. With 40 years in aging services and consumer protection, she specializes in prevention, response, investigation, prosecution and resolution of cases of elder financial exploitation. At the CFPB, she led the development of the national Elder Financial Protection and Response Network program. She was the agency lead for the award-winning Money Smart for Older Adults program with the FDIC. She also led several CFPB-FinCin initiatives to strengthen the suspicious-activity reporting and investigation of elder financial exploitation.  Paul Greenwood is a former deputy district attorney and an AARP consultant. Greenwood headed up the Elder Abuse Prosecution Unit at the San Diego DA's Office for 22 years. In 1999 California Lawyer magazine named Paul as one of their top 20 lawyers of the year in recognition of his pioneering efforts to pursue justice on behalf of senior citizens. He has prosecuted more than 750 felony cases of physical, sexual, emotional and financial elder abuse. He has also prosecuted 10 murder cases, including one death penalty case. In March 2018 Greenwood retired from the San Diego DA's office to concentrate on sharing lessons learned from his elder abuse prosecutions with a wider audience. In October 2018 he was given a lifetime achievement award by his former office. Greenwood now spends much of his post retirement time speaking on behalf of AARP nationally, consulting on elder abuse cases, testifying as an expert witness and providing trainings to law enforcement and Adult Protective Services agencies across the country and internationally. He is also involved as the criminal justice board member of the National Adult Protective Services Association. A Grownups Member-led Forum program. Forums at the Club are organized and run by volunteer programmers who are members of The Commonwealth Club, and they cover a diverse range of topics. Learn more about our Forums. Organizer: Denise Michaud  Learn more about your ad choices. Visit megaphone.fm/adchoices

Cook Unity: To get 50% off your first order of CookUnity meals, go to http://www.cookunity.com/ich50 Cozy Earth: Luxury bedding & loungewear - use code ICH for up to 40% off at https://cozyearth.com Upwork: Post your job free at http://upwork.com and connect with top talent to grow your business. Relay: Open Your Relay Account Today: http://join.relayfi.com/partner/?referralcode=icedcoffee&utm_source=youtube&utm_medium=influencer. Relay is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. @bankwithrelay #RelayPartner Follow Chris Camillo at  @DumbMoneyLive  Bloom Energy Investment Thesis: https://www.linkedin.com/posts/jianshu-dong-1191b9129_rigaku-investment-thesis-feb-13-2026-ugcPost-7428842630257598464-WEBP?utm_source=social_share_send&utm_medium=ios_app&rcm=ACoAAAACjyMBF5ovsUu9FrrEWPclx6tGlzpnTgo&utm_campaign=copy_link Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Apply for The Index Membership: https://entertheindex.com/ Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: tmatsradio@gmail.com For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:01:16 - Stock prediction track record 00:04:06 - Why he's bullish on AI 00:07:49 - AI and wealth inequality 00:17:54 - Sponsor - CookUnity 00:19:45 - Best paid AI tools 00:28:25 - Learning AI tools 00:32:26 - Investing in agentic AI 00:39:24 - Sponsor - Cozy Earth 00:41:23 - AI's impact on his investing 00:45:53 - Why he takes big risks 00:59:44 - China as a threat 01:06:23 - Sponsor - Upwork 01:07:36 - Sponsor - Relay 01:09:03 - Main investments & Bloom Energy 01:13:16 - Mispriced assets 01:16:15 - What would change his strategy? 01:24:57 - Is college still worth it? 01:31:25 - AI in politics 01:37:04 - Most bullish AI stock 01:40:37 - Best founder today 01:42:45 - Prediction markets 01:49:57 - Company likely to fail 01:59:24 - Non-AI investments 02:00:31 - Rapid-fire questions *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Get our 140+ business idea database: https://clickhubspot.com/hkf Episode 798: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) tell the story of the all-inclusive resort king. — Show Notes:  (0:00) Billy of the week  (6:58) spend bigger to earn bigger (13:10) 12-star experiences (19:19) China's genius program (38:47) the Michelangelo effect (41:00) Dad Corner™ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Get our free database with 140+ business ideas: https://clickhubspot.com/kbs Episode 797: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) react to the wildest Elon Musk interview yet.  — Show Notes:  (0:00) We react to the elon podcast (6:11) Evidence of exceptional ability (10:33) Maniacal sense of urgency (11:36) limiting factor (23:31) Human emulators (39:33) Stolen focus (55:39) IDEA: Attention testing — Links: • Full interview - https://www.youtube.com/watch?v=BYXbuik3dgA  • Stolen Focus - https://www.amazon.com/Stolen-Focus-Attention-Think-Deeply/dp/0593138511  • Kumon - https://www.kumon.com/  • Lightwork - https://www.lightworkhome.com/aboutus  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Get Scott's no-BS guide reveals on building wealth and living well: https://clickhubspot.com/mfb Episode 796: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) ask Scott Galloway ( https://x.com/profgalloway ) 10 burning questions.  — Show Notes:  (0:00) What's the illuminati like? (5:27) You're post-economic. What can money not buy you? (10:41) What's the best thing to spend on? (14:13) Is the U.S. staying flat? (18:35) You're Dictator for a day. What are you doing in 24hrs? (24:28) Who profits from the male loneliness epidemic? (30:53) What's the easiest way to ruin your life? (46:55) What changes in your 50s? (50:20) Name the number for economic security. (54:54) What advice is too harsh to give? (1:01:28) Resist and unsubscribe — Links: • Resist and Unsubscribe - https://www.resistandunsubscribe.com/  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Get the cheat sheet: 5 AI tools to make your first million https://clickhubspot.com/ybo Episode 795: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) show each other the cool things they've built with AI.  — Show Notes:  (0:00) 1 - Do Anything (18:32) 2 - Business bio wikipedia (30:11) 3 - Muse Art (42:13) 4 - Fit finder (47:20) 5 - Sales Call Agent — Links: • Do Anything - https://www.doanything.com/  • Pulse - https://openai.com/index/introducing-chatgpt-pulse/  • Nebula - https://www.nebula.gg/  • Wisprflow - https://wisprflow.ai/  • NotebookLM - https://notebooklm.google/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /