Podcasts about Frazer

Ken and Frazer preview the Ravens offense vs the Patriots.Our Sponsors:* Check out Aura.com: https://aura.com/removeAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens defense vs the Patriots.Our Sponsors:* Check out Aura.com: https://aura.com/removeAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Frazer, Joe, and Andy talk about the Flyers announcer blunder and Joe quizzes the guys on each franchises All Time Power Play Goal leaders.

Quite a few reigns come and go as we head towards 916 BCE. Perhaps the most noteworthy of them all is that of Tiberinus- who drowns in the Albula river during a battle and becomes a god...Sources for this episode:Appian (1972), Appian's Roman History in Four Volumes (Volume I). London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Dio (1961), Dio's Roman History (Volume I). Translated by E. Cary. London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Diodorus of Sicily (1993), The Library of History Books IV.59- VIII. Translated by C. H. Oldfather. London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Dionysus of Halicarnassus (1960), The Roman Antiquities of Dionysus of Halicarnassus. Translated by E. Cary. Cambridge, Massachusetts and London: Harvard University Press and William Heinemann Ltd.Livy (1971), The Early History of Rome. Translated by A. de Sélincourt. Harmondsworth: Penguin Books Ltd.Ovid (1959), Ovid's Fasti. Translated by J. G. Frazer. London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Ovid (1968), The Metamorphoses of Ovid. Translated by M. M. Innes. Harmondsworth: Penguin Books Ltd.Sextus Aurelius Victor (2004), Origo Gentis Romanae: The Origin of the Roman Race. Translated by K. Haniszewski, L. Karas, K. Koch, E. Parobek, C. Pratt and B. Serwicki. Canisius College Translated Texts 3. Canisius College, Buffalo, New York.Author unknown (date unknown), Nuremberg Chronicle: being the Liber Chronicarum of Dr. Hartmann translated in English. Morse Library, Beloit College.

Frazer, Joe, and Andy talk about the Penguins sale, trades before freeze, and Joe quizzes the guys on All-time Games Played leaders for every franchise.

From about 1030 BCE, all of our sources about Alba Longa and its kings crumble into disagreement. Get ready for tales of heirs saving puppies in housefires, three kings at once, and whether the recording room of Autocrat is still haunted.Sources for this episode:Appian (1972), Appian's Roman History in Four Volumes (Vol. I). London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Dio (1961), Dio's Roman History (Volume I). Translated by E. Cary. London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Diodorus of Sicily (1993), The Library of History Books IV.59- VIII. Translated by C. H. Oldfather. London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Dionysus of Halicarnassus (1960), The Roman Antiquities of Dionysus of Halicarnassus (Volume I). Translated by E. Cary. Cambridge, Massachusetts and London: Harvard University Press and William Heinemann Ltd.Livy (1971), The Early History of Rome. Translated by A. de Sélincourt. Harmondsworth: Penguin Books Ltd.Ovid (1959), Ovid's Fasti. Translated by J. G. Frazer. London and Cambridge, Massachusetts: William Heinemann Ltd. and Harvard University Press.Ovid (1968), The Metamorphoses of Ovid. Translated by M. M. Innes. Harmondsworth: Penguin Books Ltd.Author unknown (date unknown), Nuremberg Chronicle: being the Liber Chronicarum of Dr. Hartmann translated in English. Morse Library, Beloit College.

Ken and Frazer preview the Ravens defense vs the Patriots.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens offense vs the Patriots.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

We have Mike Monaghan on the show today and covering the “Birth of an ETF.” He’s going to talk about the Founders ETF and its new launch. We’re also going to talk a little bit about what it takes to get an ETF up and running. From a compliance perspective, remember, there’s no guarantee of future performance. https://youtu.be/o-m3PYHKXqk?si=qBaHkJpUt7xgdpjG Transcript of “The Birth of an ETF” 00:00 The Founders ETF Frazer Rice (00:00.986)Welcome back, Mike. Michael Monaghan (00:02.616)Frazer, it’s great to be back. Frazer Rice (00:04.4)You are at an interesting point in time right now. You’re about to start up Founders ETF and I think you’re about to get trading authorization to get going. Maybe tell us a little bit about the process to set up an ETF. Then we’ll dive into the strategy a little bit. Michael (00:21.25)Yeah, absolutely right. We should start trading on the SIBO Thursday, so two days from now. And we’ve launched our first fund, the Founders 100, that owns the 100 best founder-led companies. I’d be happy to go through some of the process that it takes to set up an ETF. Frazer Rice (00:40.014)Love it. ETFs are the main way to go now in terms of getting an inveestment cvhicle up and running. What has your experience been around? The Popularity of the ETF Structure Michael (00:52.014)Yeah, so ETFs have become the primary investment vehicle for a few reasons. Let’s outline those reasons. Then we can go through some of the steps that it takes to set up an ETF. So on the advantage side of an ETF, they’re typically a bit lower cost than traditional mutual fund products. Importantly, they’re tax advantaged. So there’s no gains or losses that occur during the normal ETF growth phase. Everything that happens within the ETF is done with what’s called an authorized participant. So you do exchanges. And so there’s no capital gains that are assigned to the investors. As long as they hold the ETF, a tax trigger only occurs when they actually sell the ETF. Finally, it’s a great way to get exposure to the market. So whether you want to own a broad market index, one of the legacy indexes, or a vehicle like ours. That gives you in one single trade, rather than having to guess who’s going to win. Is Nvidia going to win or Palantir who’s going to win? You can own a hundred of the best winners in the market in one single stock ticker. In our case, FFF. Frazer Rice (02:07.364)So let’s dive into that theme a little bit. As you said, it’s the top hundred founder led companies. First and foremost, public I assume, private, you’re not diving in those waters. Public vs Private Michael (02:20.59)Correct. So these are the hundred best publicly traded founder led stocks. And we generally fish from the 200 largest founder led publicly traded stocks. So a lot of these are names and founders that are very well recognized. Whether it’s Elon at Tesla or a Mark at Metta, Larry at Oracle, Rich Fairbanks at Capital One. These are all very well known founders. They’re great entrepreneurs who are leading highly scalable, very high performing publicly traded stocks. 02:53 Understanding Founder-Led Companies Frazer Rice (02:53.914)So let’s define founder a little bit. Obviously we have sort of the cult of personality around high-end CEOs. It sounds like you’re identifying companies that have been founded. The people who are running them not only founded them, but they scaled them. They have now gotten them to a level of maturity. That’s different from the typical public company that we find in the S &P 500. Definition of Founder Michael (03:19.104)Yeah. So first let’s define a founder. Then let’s talk about why we think the founder led companies outperform a traditional S&P company. We define the founder as being a chief executive leader. It could be chief executive officer, could be chief technology officer. Sometimes that say a scientific or medical company, would be the chief scientific or chief medical officer. And that person conceived and founded the company, took it from zero to one. It’s their imprint that has guided it over its 10 or 20 or 30 year period. That’s taken it from a small private company to a venture backed company to a large publicly traded company. And so the idea being the person that founded it continues to run it to this day. We talk about the fact that we own an Nvidia that Jensen still runs. But we don’t own Intel. We own Meta because Mark still runs it, but we don’t own Google. We own Dell computer because Michael Dell still runs it. But we don’t own Apple. We own Capital One because Rich Fairbank still runs it, but we don’t own American Express. Investment Process Frazer Rice (04:25.86)Got it. So lots of things to get into here. How does it a company get on your radar screen? And then ultimately, how does it get off of it? Michael (04:35.806)Great question. the getting on the screen is fairly mechanical. We look at the 200 largest by market capitalization founder led stocks. So we look at all U.S. listed. So it could be listed on the New York Stock Exchange or NASDAQ, but it has to be U.S. listed. We then look at the 200 largest. And from there, we select the 100 best using a quantitative factor model. So I’m have a Sanford Bernstein background and so do some of the folks here. And so for folks who are familiar with Bernstein’s research, we use a Bernstein factor model to pick the best, the hundred best names out of the 200 largest. That’s how they get on our radar. And to get off is quite simple if they retire. So if a CEO announces he’s retiring, per the prospectus, we have 90 days to sell the stock. once we, so for example, Mr. Buffett recently stepped down from Berkshire Hathaway. And so we sell Berkshire Hathaway on his announcement and no longer own the stock. Frazer Rice (05:38.0)things like corporate mergers or divestitures or maybe even a reclassification of stock where the founder stays on in some capacity but their decision making has been reduced. How do you analyze that? 05:54 The Investment Strategy Behind the ETF Michael (05:54.326)Yeah, so there is some human overlay judgment calls here and the founder has to be an executive officer leading the company. So they can’t just run a division. They can’t just be chairman of the board. They have to be the executive in charge of running the company. Frazer Rice (06:14.0)And if for, I guess one of the exits possibly would be if, and I don’t know if this is even possible, but if NVIDIA were to take over Meta and there isn’t room for Jensen and Mark in the same suite, how do you analyze something like that? Michael (06:34.253)So in the business combinations where you have two founder-led companies or a non-founder-led company swallowed up by a founder-led company, as long as an original founder remains, it remains in the portfolio. So we’ve had some stocks that had, say, three to four co-founders. And as long as one of those co-founder remains, it remains in the portfolio. Voting Shares Frazer Rice (06:58.352)So one of the things that’s a bee in my bonnet is the concept of having shares where, in a sense, they’re super majority or voting components and then shareholders that have less decision making authority to act as a check and balance around the company. Is that something you’re not really that worried about or is it something that may be a factor that’s important later on? Michael (07:24.525)So we actually think that’s one of the opportunities that this exists. Like one of the things that we haven’t talked about yet is why is all this alpha there? Why is this uncaptured alpha there for us to go get? And we think historically in the past, active money managers have sometimes shied away from these founder led companies because to your point, Frazier, oftentimes the founder has managed to have super voting control, 10 to one shares, 101 shares. So they completely control the company. And some of these larger active money management complexes have said, well, we as the shareholder, we need to be able to have a vote and we’re going to underown these stocks. We have the opposite view. We think these founders are special. So we think that by the time a Mark or a Elon has driven their company into the public markets, they’ve showed that they know how to set the vision, ruthlessly execute and generate value for the shareholders. Concerns? And so we’re not concerned by super voting structures. Oftentimes those are the stocks that we want to own because it’s the founder that’s in control and setting the direction of the business and generating high returns for the shareholders. We view it as you either believe in them and you own the stock or you don’t believe in them and sell the stock. We’re not interested in other people’s getting on the board and monkeying with the decisions of the founders. Frazer Rice (08:30.255)Is this it? What is it about the founders, especially for those that go from zero to one, then to scale, and then to shepherding a mature business? What makes them better and what drives the alpha that you’re trying to seek? In terms of putting together a portfolio of these types of companies? 09:01 The Importance of Founders in Business Michael (09:02.891)Yeah, so the great ones tend to be a bit irreverent. They tend to be highly visionary. They tend to be charismatic communicators and relentless in their execution ability. They’ve got a great ability to pivot if a change needs to be made. And rthe moral authority to set a tone to generate very high rates of return. We see it sort of over and over and over in these founder led companies. And if you look at some of the studies that we’ve done. There’s a study that Bain Capital, Bain had done years ago in combination with Harvard Business Review, founder led companies tend to outperform non-founder led companies in say the S &P 500 by 3X. So it’s this personality type of high vision and high execution tends to drive outsize returns. And it’s a bit of a self-selecting process. What makes Founders Unique? If you think about it by the time any of these founders that we own or talk about have got to the public market. They first had to identify an opportunity to go after. They had to develop a great product by listening to their customers. And they’ve shown that they can scale all the way from a series A round, B, C, D, all the way investing and generating high rates of return in the private markets. Transitions of Founders to Executives They get to the public markets, continue to do that. And now you get a little bit of an effect of a echo of that, of now all of sudden you’re in the public markets. If you get enough scale, you have this highly effective business. Now you’re getting relatively cheap capital that you’re feeding into your business through the public markets. And now you continue to grow. Frazer Rice (10:42.096)Just to summarize at least what I’m hearing is that they’ve gotten to the point of becoming public. They’ve been able to say no to losing control in exchange for either putting some liquidity back in their pocket or otherwise moving on. And so they’ve almost ratified their vision and message and they keep going. And by the fact that they’re public, there’s enough liquidity for everyone else out there in terms of their investments. So it ends up being a win-win. Michael (11:11.157)I think so. That’s what we see. Frazer Rice (11:13.316)So one thing that I’ve been sort of reading about and thinking about is the concept that the number of public companies is becoming less, well, it’s decreasing, and that many people are able to stay private for longer. Do you worry that your universe is going to get too small to provide sort of a canvas for your ideas here? 12:02 Market Trends and Future Outlook Michael (11:37.549)Let’s talk about three phases of that. We don’t, we actually see the data showing that there’s more and more opportunities within founder led. So let’s look at history and then let’s move to the future. So historically, probably about the time you and I joined the securities business, they would actually take the, to your point, they would take the founder, they would kick out this charismatic founder. They would put in some mid-level proctor or GE middle level manager to be the you know, the suit in the room to take the company public. And that was sort of in the late nineties and people figured out that wasn’t such a good idea. So if you actually look at the chart, there’s more and more founders staying and leading their public, their, their publicly traded companies. That’s number one. Number two. Yes. We have seen some companies stay private, obviously Stripe, SpaceX, but we are now seeing, for example, SpaceX coming to the public markets. Eli is talking about coming next year. so we, we haven’t seen it so far impact the pool with which we can fish in. And as I mentioned, that’s what we saw historically. Public Markets and the Future In the future, think, Frazer, I think we’re going to start to see a conversion of public and private markets, meaning these private mega cap companies have liquidity. And I think that you’ll see more and more ability to trade those stocks almost in public liquidity. So I think these two markets are converging. So I think that Not only do we have plenty of founders in the traditional public markets, I think that the liquidity and the big privates is going to converge to a public market style shortly anyway. Frazer Rice (13:13.232)You’re in a curious time as far as launching an ETF around this concept. I know a lot of people are wary of Mag-7 and ultra valuations and issues related to that. How do you respond to that concept that a lot of the growth has taken place in seven, maybe seven out of the hundred that you’ve chosen? Debunking the Mag-7 (to the Mag-3) Michael (13:33.356)Yeah, so that’s a misconception. We see Mike Saylor get on TV and wave his arms around it, but it’s not really true. First of all, what’s interesting, if you tear apart the Mag-7, it’s actually the Mag-3. The outperformance in the Mag-7 has come from Meta, Tesla, and NVIDIA. So it’s not just the Mag-7, it’s a founder led. And now you say, well, that’s a small sample set. Let’s look at a bigger sample set. So if you look at the NASDAQ 100, for example, It’s actually the 20 founder led companies have driven most of the outperformance over the last 25 years. And what I’m about to tell you about the S &P 500 probably won’t surprise you. It’s the 37 founder led companies that have driven most of the outperforming the S &P 500. So the outperformance is coming from founders, not from any specific part of the market. And one of the things that we think is great about this ETF is to avoid concentration. 14:50 Risk Management I know you’re really familiar with the concept of active share and that’s how different you are than the S &P 500. We have an 85 % active share to the S &P 500. So if you own the founders 100 ETF, you have much different exposure to the market than say the S &P 500. And so we think it helps reduce some of that concentration. We’ve done some things to make sure that we are diversified. First of all, we do own 100 stocks. Diversification So really good diversification across that. And then number two, while we run a market weight portfolio, we cap. No stock can be bigger than 7 % of the portfolio, so we don’t get out of balance at any point. So we think that we mitigate some of those concentration risks and we allow people to invest in innovation without being over concentrated to any one name, say the MAG-7, for example. So we think that we’re giving our investors really good exposure to innovation through the founders, but not exposing them to pre-existing market concentrations. And then finally remind everyone It’s not the MAG-7, it’s not the NASDAQ-100, it’s not the S &P-500, it’s the founders within each of these are what are driving the outsized performance in those analytical groups. Frazer Rice (15:36.218)So from a diversification standpoint, obviously not everything in one name, the 7 % cap you described, do you have sector concentration guidelines as well? Michael (15:45.749)We don’t have sector concentration guidelines, but if you look at the nature of the portfolio, we were fairly well diversified. We’re slightly overweight tech and financials versus say the S &P, but we own healthcare stocks, own consumer stocks, we own energy stocks. So we’re giving you a broad exposure to the market. Leverage Frazer Rice (16:05.924)Let’s talk about leverage for a second. I know a lot of people are trying to juice returns by piggybacking off of other people’s money on that front. Does that have a place in your ETF? Michael (16:17.004)So there’s no leverage in the ETF. We sort of believe in get rich the slow way. I like to tell people that it’s very hard to make money in the stock market over the short term, but it’s not particularly difficult over the very long term. think Mr. Munger and Mr. Buffett used to talk about this. the idea being, leverage can impact you in times that are not favorable. So we believe in just owning the stocks unlevered, let them compound over very long periods of time. And we think that by doing that, we and our shareholder, we think our shareholders can generate wealth over very long periods of time. Taxes Frazer Rice (16:54.98)So tax efficiency, the concept of holding period, does that play into your process at all? Michael (17:04.316)So remember within the ETF, as long as you’re managing your trading properly within the ETF, there’s no tax implications inside of it for your shareholders. Your shareholders only would be impacted at selling. So assuming they hold the stocks for over a year, any gains would be long-term capital gains treatment. Frazer Rice (17:27.024)And when you’re describing the investor profile that you’re looking to attract here, who is this for? Michael (17:35.916)Yeah, so the person that, you we really think it’s appropriate for you if you have a five year or more holding period and you want to have long-term capital appreciation. You know, if your goal is to be exposed to the best minds and public securities, that’s the founder led companies, and you want to compound your wealth over a very long period of time and have a high probability of outperforming the traditional broad market indexes, this ETF is designed for you. 17:59 Investor Profile and ETF Positioning Frazer Rice (18:04.705)And as you’re sort of outlining that profile and for those people who are trying to figure out where this fits in from an equity allocation perspective, you’re in charge in many ways of the spoke of a hub and spoke component of people are really sort of looking at indexes as the base of their equity portfolio. What are you looking for? What kind of benchmarks do you sort of measure yourself against? Michael (18:35.007)Yeah, so we think this is absolutely a core holding. So if you’re looking to build out you or your client’s portfolio, we think this should sit at the core. It is on the growth side, so it’s core growth. We think that it is a one-for-one replacement for, the NASDAQ 100. Or, for example, somebody holding the triple Qs. We think this is a better holding than the triple Qs. So we benchmark ourselves against them and against the S &P 500. Ee look at beating those two broad market indexes, generating better risk return for our investors. Frazer Rice (19:13.019)For those listeners that are out there and want to find out more, what’s the best way that they can either get a hold of you or maybe even better, do you have a ticker symbol ready that people can discover? FFF and Contact Information Michael (19:25.215)Yeah, absolutely. So the ticker is FFF. So that’s the FFF ETF that we’ll trade on. And investors can find that at their favorite brokerage firm, whether they’re Schwab customers, Interactive Brokers customers, Fidelity customers, trades under one ticker, just like a stock. Frazer Rice (19:44.365)And let’s take, we have a few minutes to go here, which is great. Your experience in terms of establishing the ETF, maybe a couple of some of the touch points when you went from vision to execution here, what was the process? Michael (20:00.106)Yeah, so ETF has a few basic processes that are regulated under the 1940 Securities Act. And so a lot of those rules are set up to protect the end investors. So for example, the securities live within a trust. So we set up our own trust. Some people use a mingled trust. We thought it was better for our end investors to have our own trust that we set up that has an independent trust board that oversees to make sure that we’re executing our strategies as we’ve outlined in the prospectus to make sure that we’re Doing the best we can for our investors. You’ve got to set that up There’s a few firms that do the plumbing for the for the ETFs would say US Bank is probably the largest player. So US Bank provides our our fund custody and fund administration and then there’s just a few other vendors in the space that sort of help with all the plumbing to make sure that the ETF runs smoothly. So it’s probably a six month process if you stay really focused to get all of that set up. 20:58 Navigating the ETF Launch Process Frazer Rice (21:03.313)You get that set up, how do you approach the Schwabs and the Fidelitys and the other platforms to make sure that people can access, buy, sell, whatever they want to do with your ETF? Michael (21:14.347)Yeah, that’s a great question. So the online brokerages typically put you on the platform as soon as you’re listed on a major US exchange. So you’ve got to get listed on NASDAQ, NYSE or CIBO. We chose CIBO. So again, on the traditional online brokers, you’re there day one. And then the big wire houses, JP Morgan, Goldman, Morgan Stanley, BAML, they typically have a few hurdles that you’ve got to get through, whether it’s daily trading liquidity assets under management. And over time, as you run the wickets through their process, you’re added to those platforms. Macro Issues? Frazer Rice (21:48.721)We live in a political age and a time when there’s just chaos everywhere, different types of rules in order to allocate capital. If you’re an investor trying to guess what’s happening politically, et cetera, that are difficult, you must be positive as far as the environment for founders to find success in this country and beyond. Is there anything that you’re looking for to make sure that those conditions hold? Michael (22:18.225)Yeah, we don’t really look at the macro or political backgrounds. think over very long periods of time, U.S. innovation outperforms. so we sort of we think that, again, one of the great things with investing in founders is they keep adapting as the background changes behind them. So we think over very long periods of time, the U.S. has great economic growth. And for those people that have worried about little blips along the way, we think the founders are the absolute best at mitigating those blips. Frazer Rice (22:48.334)I like to say you bet against America at your own peril and it sounds like from a founder perspective it’s still a great place for them to locate their businesses and grow them here. Michael (23:01.042)Absolutely. 23:50 Final Thoughts and Contact Information Frazer Rice (23:02.971)Just to reiterate, FFF is the ticker symbol for people to find it. any other contact points for people to find you if they’re interested in what you’re putting together. Michael (23:15.613)Yeah, so we have a great website at FounderETFs.com. can go check out there or anyone’s happy to email me, just michael at FounderETFs.com. Happy to chat with anyone who has interest about the portfolio, the strategy, or what we’re building. Frazer Rice (23:32.197)Well, great to have you back on, Mike. Thank you for putting up with my attempt at looking like Steve Jobs. It’s 25 degrees in New York here, and I am the stupid one who’s not in California or somewhere warm. appreciate you taking the time to be on and talking about your new product. Michael (23:48.011)Yeah, it was great to be on here. Really a huge fan of your podcast and just the level of guests that you’re able to interview and help educate your viewers. Frazer Rice (23:56.849)Mike, thanks for being on. Michael (23:59.061)Thanks a lot, Frazer. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Previously with Mike Monaghan ETF EDUCATION ARTICLES ON ETF.COM

What d'ya want for Christmas? More of Frazer's mum Laura? You got it! Ben becomes an athlete to discuss HYROX, while Fraz and Lozza wang on about SANTA BARBARA. UR WELCOME!Leave us some feedback;Insta: @urwelcomeamericaTwitter: @urwelcomeUSAEmail: UrWelcomeAmericaPodcast@gmail.com

Frazer, Joe, and Andy discuss the 2 huge trades Quinn Hughes to Wild, Jarry for Skinner, Penguins epic weekend from hell, Olympic rink update, and more.

We've reached 200 episodes! To celebrate, we're continuing our annual tradition by welcoming aeromodelling's most entertaining character, Frazer Briggs, back to the show to review his year. Frazer shares stories from his travels around the world competing in F3A events, along with highlights from his flying closer to home in New Zealand. If you've never listened to a Frazer Briggs episode, this is one you won't want to miss.

Ken and Frazer preview the Ravens defense vs the Bengals.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens offense vs the Bengals.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Frazer, Joe, and Andy discuss Buffalo's woes, Kucherov's greatness, the young talented Duckies, and more.

Ken and Frazer preview the Ravens defense vs the Steelers.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens offense vs the Steelers.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

‘The Gospel According to St. Bernard Shaw' is Crowley's exhaustive response to Bernard Shaw's preface to his play, Androcles and the Lion. Both pieces analyze the Jesus of the Gospels, with Crowley's diving into the parallels with the life of the Mystic as well as the Dying God mythos, with abundant quotations from J.G. Frazer's ‘The Golden Bough.'

Like Pato Banton, Frazer's mum Laura is BACK! In her honour, Frazer bangs on about CADBURY (again), and Ben takes us on a flight with DELTA AIRLINES. UR WELCOME!Leave us some feedback;Insta: @urwelcomeamericaTwitter: @urwelcomeUSAEmail: UrWelcomeAmericaPodcast@gmail.com

Frazer, Joe, and Andy discuss Colorado's dominance, overbearing refs, and loser points.

Pastor Danielle Frazer shares a powerful moment from the life of Mary, showcasing her humble and generous act of anointing Jesus' feet with a costly perfume, highlighting her devotion and love in contrast to Judas' criticism.

In this episode, Lukie and Dakota break down the week's action. We begin with a ProBox TV card with lightweight Charlie Sheehy shining on the prelims. We also talk about Karlos Balderas as well as Justin Pauldo's comeback knockout win over Nike Theran. Adelaida Ruiz became a world champion by defeating Alexas Kubicki. Erik Badillo could be headed toward a title shot with his junior flyweight win over Elwin Soto. Also, is Cristian Cruz the next “Venado” Lopez? We will talk about his draw against Muhammad Yaqubov.Also, Frazer Clarke suffered a shocking upset loss to Jamie TKV. Francesca Hennessy, a women's bantamweight, also got a win on the card. Ben Whittaker got a first-round knockout over Benjamin Gavazi. Whittaker is a 2020 Olympic silver medalist who has star potential. This was his first fight with Matchroom Boxing. Notable undercard action, Cameron Vuong and Gavin Gwynne fought to a draw. They will probably have a trilogy before it is all said and done. Middleweight Tom Cowling upset Aaron Bowen, and Jimuel Pacquiao's pro debut against Brendan Lally was scored as a draw. The big fight this week is Lamont Roach Jnr taking on Isaac Cruz. We talk about all the scenarios that we see. Also on the undercard a middleweight unification bout between Erislandy Lara vs. Janibek Alimkhanuly, a 130lbs title fight between O'Shaquie Foster and Stephen Fulton Jr. The pay-per-view card starts with Jesus Ramos Jr taking on Shane Mosley Jr. Undercard bouts of note, Frank Martin will face Rances Barthelemy, Luis Nunez will return to action, so will Isaac Lucero, Elijah Garcia, Jordan Roach and Robert Guerrero Jr. Also “our guy” Jai Opetaia will face Huseyin Cinkara. Opetaia being ducked? We discuss.In the U.K., Shabaz Masoud will face Peter McGrail in a solid bout. A sneaky great fight will pit IBF women's lightweight titleholder Beatriz Ferreira against Elif Turhan. Conah Walker will face Pat McCormack, and Sean McComb will face Hugo Micallef. 0:00 ProBox TV Justin Pauldo thoughts7:45 Karlos Balderas thoughts11:25 Charlie Sheehy14:35 Erik Badillo-Elwin Soto17:23 Remaining ProBox TV bout20:50 Ben Whittaker 30:20 Frazer Clarke's upset loss32:40 Lamont Roach Jr-Isaac Cruz 38:34 Erislandy Lara-Janibek 43:00 Jesus Ramos Jr-Shane Mosley Jr46:06 O'Shaquie Foster-Stephen Fulton Jr52:20 Shabaz Masoud-Peter McGrail54:50 undercard56:43 Jai Opetaia01:02:57 Takuma Inoue upsets Tenshin01:04:55 Jimuel Pacquiao

Boxing's back on prime-time BBC TV this Saturday, so Buncey's in Derby catching up with the fighters. He chats to Frazer Clarke about the pressure of a hometown fight and checks in with TKV, who's hoping to make a statement. Francesca Hennessy and her dad Mick drop in ahead of her opening the BBC Two show at eight. And promoter Ben Shalom tells us how you can feel the tension between the two heavies starting to bubble.

Frazer, Joe, and Andy discuss what teams are in the playoffs as of American Thanksgiving.

Emily Frazer is the CEO of Matchroom Multi Sport. She's led the charge in transforming sports like 9-ball pool into fast-growing, commercially compelling global properties, building new formats, elevating athlete storytelling, and bringing fresh audiences into what we could call a challenger landscape. The Multi-Sport story was told to perfection in the recent Matchroom Netflix series, shining a light on the lesser known side of the organisation at the centre of the boxing world and driving the boom we've seen in the darts. The question for Emily is simple: can the success in these other sports be replicated in the multi-sport model?Ahead of the Mosconi Cup next week at Ally Pally (pool's answer to the Ryder Cup), Emily delivers a compelling reveal on life behind the Matchroom curtain and what it's going to take to deliver an emerging sport on a global stage. Timestamps:00:00 Intro05:01 What is Multi Sport?16:31 How Early Opportunities Accelerate Learning20:53 How Did Matchroom Become the “Owner” of the Sport?26:35 What's the Master Plan to Make Nine-Ball a Global Sport?31:46 Is Narrative More Important Than Quality Now?34:14 The Upcoming Mosconi Cup36:33 Do Athlete Brands Matter More Than Teams Now?40:47 Is It Truly a Viable Job for Players?44:11 Where Matchroom's Core Revenue in Pool Comes From49:42 Should Matchroom Create a Unified Fan Loyalty Program?54:41 Pressure to Match Darts' Success59:59 Why Pool Is More Accessible Than Snooker01:03:09 Quick-Fire RoundOn today's show we discuss: From ‘Special Events' to a Global Multisport Division:How a once-overlooked corner of Matchroom evolved from “the joke department” into one of the company's fastest-growing verticals.The commercial blueprint Matchroom is applying, from multi-table events to digital-first broadcasting, social virality and new formats.The weight of carrying a whole sport on your shoulders, and why Emily believes that “80% crazy” is an essential part of the job.The belief that with the right innovation, risk, and relentlessness, Pool will become a global powerhouse.Athletes, Pressure & Player Pathways:The human realities of managing athletes in a developing sport. Expectation, frustration, and the emotional weight of leading a tour they rely on to feed their families.Why Pool is one of the rare sports where amateurs can face legends, and how that creates powerful fan moments that drive new fandom.How the rise of local ranking events has unlocked hidden talent in Vietnam, the Philippines, the U.S. and beyond.Commercial Strategy, Media & Monetisation:The economics of Pool today: ticketing, sponsorship, WNT TV, and the importance of viewership for long-term sustainability.Why Pool cannot rely on tradition or federation structures, and must innovate faster and more aggressively than snooker or darts ever did.The long-term vision: a profitable global tour, star-driven marketing, and a world where Pool sits alongside darts and snooker in Matchroom's “big three.”A huge thank you to our amazing partners on the show: DavidGo and check out the amazing products revolutionising the protein bar at https://davidprotein.comStrydeBringing sports investment opportunities to your door. Visit http://www.gostryde.com to become part of the movement!Mosconi Cup Ticketshttps://www.alexandrapalace.com/whats-on/mosconi-cup/

Wealthy families are discovering Tennessee's legal and tax ecosystem as a key component for their long term wealth strategy. I spoke with ANDREA CHOMAKOS from Pendleton Square Trust on Tennessee around these advantages that the Tennessee Wealth Ecosystem provides in the context of other states' legal systems and economies. We cover directed trusts and Tennessee situs, and even a tip like the Community Property Trust, which is interesting in both prenuptial tax planning and estate planning contexts. https://youtu.be/CiR8eoAG-iI "The Tennessee Wealth Ecosystem" Transcript Frazer Rice (00:00.814)Welcome aboard, Andrea. Andrea Chomakos (00:03.128)Thanks, Frazer, happy to be here. Frazer Rice (00:04.696)Well, glad to have you on. Always happy to talk to friends of mine at Pendleton, talk about Tennessee and trust administration generally. Our listeners are probably pretty well versed as far as the idea of trusts, but I don't think it hurts to go and talk a little bit about what the trustee function normally entails as we talk about what is interesting about Tennessee and other jurisdictional issues. Andrea Chomakos (00:29.358)Absolutely. So Frazer, it's great to be here and share some conversation with you and your audience. While I have been in the professional fiduciary role for several years, for several decades before that, I was a practicing attorney. So I would often have conversations with my clients and drafting their documents and asking them decisions about who to appoint as a trustee. One of the very first conversations we would have is what does it mean to be a trustee? As I have now come over to the other side, broadly stating that the trustee has the responsibility to administer the trust for the sole benefit of the named trust beneficiaries in accordance with the trust terms. That seems like a lot of really big words that don't make a lot of sense to the average person. I get it. When I was practicing, a lot of my clients, their reaction would be, okay, so you're just telling me that this person is the person who makes the decisions about distributions and that's great. I can go, you know, no big deal. And the reality is, yeah, the reality is it is a big deal. Because it's more than just making distribution decisions or making them in a vacuum. You have to look at the broader picture. Frazer Rice (01:41.228)It's more than that though. Andrea Chomakos (01:55.598)But it also entails managing the trust assets and investments. It means making those important distribution decisions and understanding the impacts those are going to have not just in the short term but the long term. Filing and paying tax returns for the trust. Communicating with trust beneficiaries, providing reports and accounts. And even all of that sometimes seems like not that big of a laundry list but Let me give like an example that I ran into. Everybody loves a good example. So when I say a trustee is responsible for investing and managing all of the assets of the trust, that also means the protection and preservation of those assets. And it's incredibly common to see a trust hold some real estate, oftentimes a residence that a trustee or a beneficiary lives in. Frazer Rice (02:24.58)That'd be great. Andrea Chomakos (02:51.094)And you may say, OK, well, no big deal. Like if something happens, we'll just get it fixed. Well, it's more than that, right? You need to really understand what that means and the risks you're taking and the potential liability you're taking if you don't manage those issues in a way maybe different than you would if it was just your own house. So I was at a prior institution and that institution was serving as co-trustee with a beneficiary who resided in some trust-owned property. And lo and behold, you know, got a call from that beneficiary saying, hey, there was a leak with one of the pipes in the house. So I just went out and got some duct tape and put that around the pipe to stave off the leak, but now it's gotten really bad. And you're just sort of like, well, wait a minute. Like that's. Frazer Rice (03:34.276)Hmm. Andrea Chomakos (03:47.573)As a trustee, that's not an appropriate response to fixing a leak, it's not a roll of duct tape. So it's things like that that trustees are responsible for. Frazer Rice (04:00.004)One of the things too that's happened in modern legislation is that those three functions you talked about, the investment, the distribution, and the administration have been in many states you're able to, we like to call it bifurcate them, so that you can put an expert maybe in the investment role, maybe a family member with a corporate trustee in the distribution role, and then a corporate trustee in the administration role who, you know, they're used to doing the paperwork and the tax filings and the eye dotting and T-crossing. And in your, I guess in your experiences, we've gone through that. How have trust companies evolved to take into account this new flexibility? Andrea Chomakos (04:42.254)Absolutely, think you hit the right word. I always say the same thing, Frazier. It's a bifurcation of those duties and responsibilities. And so there are more trust companies who are embracing what we call the Directed Trust Model, where the corporate trustee is handling the administrative functions. So the reporting, the trust beneficiary communications, filing the tax returns, all of those very important functions, but ones that oftentimes are overlooked, their importance is overlooked. And other people are given the role of either distribution advisor, and sometimes the corporate trustees in these roles will make distribution decisions. But certainly the investment function is one. And as you see arise in individuals, families, using private equity for investments, other alternative investments, you see them using RIAs, multifamily offices, to manage their investments that, and those entities don't have that trustee function. There are more corporate trustees who are filling that role. And I think that we're only going to see that market increase and that demand increase. Frazer Rice (06:11.196)I don't think I could agree more with that statement. I think the idea of people having all of those functions under one umbrella really ignores just the way wealth is being managed these days, whether it's sort of peculiar assets or even, you know, regular run of the mill stocks and bonds, people have their advisors and they don't want to necessarily give that up to take advantage of trust situs and professional trustee services. Andrea Chomakos (06:21.998)Listen. Frazer Rice (06:36.524)As I talk to people around this topic, the culture of a good trustee, and especially sort of a good corporate or a good administrative trustee, there are a lot of things that go into that. In your experience, what is it that makes a good sort of corporate or administrative trustee for particular family? Andrea Chomakos (07:01.422)There's I mean, that's a great question. And it should be top of mind for all clients. Right. I think there's a couple of things. One is the institutional professionalism that a corporate trustee, independent corporate trustee provides, as well as the skill, the background and then the lack of conflict of interest. So when you think about an administrative trustee that's not managing the investments, we have no dog in that fight as they say about what's going on with the investments, how they're being managed, how they're being allocated. We, Pendleton Square and others are here to serve the beneficiaries, to facilitate communication, to help beneficiary wealth education, to continue the continuum of family values and conversations, as well as be some be a person who can sit there alongside them and educate them about the trust, about the wealth, about the impact the distributions from the trust are having on their own estate, on their own lifestyle, and really honing in on the things that they're really good at. And I think predominantly it is that being free of conflict. We don't have any other interest in the trust. Frazer Rice (08:28.252)I think the concept of staying in your lane is important. I think in the old world where the big trust companies did everything and they would allocate resources to that because doing everything required good integration and so on, it made a lot of sense. But nowadays, as we talked about the bifurcation just now, the provision of the administrative trustee functions and the distribution committees, et cetera, that feels more like an accommodation. Andrea Chomakos (08:30.913)I'm sorry. Frazer Rice (08:56.696)than a sort of focus for them. And so these trust companies that have developed, the new ones that are less worried about the investment function, that that focus is now a strength in the sense that people hire experts in that field in order to get what they need from an estate planning perspective or a site of choice, et cetera, but then to really effectuate that culture we just talked about. Andrea Chomakos (09:26.956)Yeah, I mean, think there's a couple of nuances there that you touch on that always resonate with me. And so one is. Trust business, it's a business, we all have to admit that it's a business, but is it relational or is it transactional? And at its core it's really relational. You're working alongside a family for hopefully multiple generations and as an institution you can carry forward that historic bank of knowledge in the grantor's intent, the family values as you're administering the trust. But in many larger institutions, because of just structural considerations and constraints, sometimes you have a lot of turnover in personnel. You have some loss of historic knowledge and information. And you have a compression of what it takes. not just the skills,

Ken and Frazer preview the Ravens defense vs the Jets.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens defense vs the Jets.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Visit: RadioLawTalk.com for information & full episodes! Follow us on Facebook: bit.ly/RLTFacebook Follow us on Twitter: bit.ly/RLTTwitter Follow us on Instagram: bit.ly/RLTInstagram Subscribe to our YouTube channel: www.youtube.com/channel/UC3Owf1BEB-klmtD_92-uqzg Your Radio Law Talk hosts are exceptional attorneys and love what they do! They take breaks from their day jobs and make time for Radio Law Talk so that the rest of the country can enjoy the law like they do. Follow Radio Law Talk on Youtube, Facebook, Twitter & Instagram!

Joining Iain Dale on Cross Question are the former Conservative Cabinet ministers Lucy Frazer and former Labour Cabinet minister Jim Murphy, along with Re:Start think-tank director Charlotte Pickles and journalist and disability rights campaigner Liam O'Dell.

With the early signing period for the Class of 2026 wrapping up, Brentley Romine spins through his player and class rankings with junior-golf guru Ryan Frazer of Agora Golf. But the episode starts with Vanderbilt signee Luke Colton of Frisco, Texas, who is Brentley's top-ranked recruit in the Class of 2026. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ken and Frazer preview the Ravens defense vs the Vikings.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens defense vs the Browns.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Thank you for downloading the Trap One Podcast. On this episode Si, Frazer and Mark look at the Target novelisation of The Robot Revolution by Una McCormack. You can order a copy of the book here #ad

Ben takes us fancy food shopping at BRISTOL FARMS while Frazer cranks out some UK GARAGE MUSIC choons. UR WELCOME!Leave us some feedback;Insta: @urwelcomeamericaTwitter: @urwelcomeUSAEmail: UrWelcomeAmericaPodcast@gmail.com

Frazer, Joe, and Andy discuss the red hot Anaheim Ducks, McJesus's saving the Oilers, and everything NHL.

As AI shifts from training to inference, founders, investors and VCs face a new frontier: the physical infrastructure that enables massive compute.  In this episode, Frazer and Éanna discuss:  The hidden development lifecycle of a hyperscale build - from dirt to green lights - and what that means for build‑to‑suit strategies. Why power, latency and land have become the new scalers of value, and how to spot when infrastructure constraints turn into opportunity. How investors and founders can position themselves early in this "third wave" of data‑centre build‑out to win sub‑1% of the market before it becomes crowded. — Éanna Murphy is CEO and Founder of Montera Infrastructure, a Stonepeak-backed datacenter developer focused on single tenant hyperscale campuses in North America. With over 17 years in the digital infrastructure industry, Éanna has held senior roles at Google and Yondr, scaling global delivery and operations across five continents. He serves on the boards of Digital Edge and H&MV Engineering, as an advisor to XYZ Reality and Beacon AI Centers and an Operating Partner at Stonepeak.  Éanna brings a global perspective shaped by deep experience across Digital Infrastructure, tech and capital markets. Originally from Ireland, he now lives in California with his family and is a passionate sports fan, girls soccer coach and golfer.

Ken and Frazer preview the Ravens offense vs the Vikings.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens defense vs the Vikings.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This one's special.Frazer and I sat down with three incredible leaders — Laura Lipinski, Puskás Imola Flóra, and Karen Clark — to talk about what the top 1% actually do differently.No theory. No fluff. Just real stories, simple systems, and leadership habits you can duplicate.We talked about alignment, staying open to possibilities, and leading with purpose instead of pressure.If you're serious about creating momentum that lasts, this episode will hit home.

Dr Luke Johnson is here to share some esoteric knowledge from The Golden Bough. What is the Golden Bough you ask and the links it had to Carl Jung, esoteric knowledge and so much more, even NASA!Does this translate into anything relevant for today? Come join us to find out through this esoteric knowledge of the ages.Thank You to Dr Luke Johnson again and give him a follow below Guest Links https://youtube.com/@lajphd?si=U_NMnUdKhbvLem3cIG https://www.instagram.com/lajphd?igsh=MXI5N3ZkcGZ5MTU1Ng==Unfiltered RIse Podcast LinksWebsite: https://unfilteredrisepodcast.com/Patreon: https://patreon.com/UnfilteredRise?X: https://x.com/unfilteredrise/status/1772012349551153303?s=46IG: https://www.instagram.com/unfilteredrise_podcast?igsh=MWE4NnQ2Y2Zxa3pnNw%3D%3D&utm_source=qrYouTube: https://youtube.com/@unfilteredrisepodcast?si=IMlOVdcKU6oj4N8sTikTok: https://www.tiktok.com/@unfilteredrisepodcast?_t=8rjVXGsH2AY&_r=1Merch: https://heidi-luv-shop.fourthwall.com/Donations: buymeacoffee.com/unfilteredEPlease know my podcast and its information presented are for entertainment or informational purposes. I do not threaten or wish any harm to any nation,creed, color, religion etc …. God Bless

Frazer and Joe go old school (without Andy). They talk Penguins collapse in Toronto, the high flying Duckies, and rookie Matthew Schaefer's greatness.

Ken and Frazer preview the Ravens offense vs the Dolphins.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens defense vs the Dolphins.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Frazer, Joe, and Andy talk about how the old guys like Crosby, Malkin, Tavares, and Quick are playing great. And so is the next wave of superstars Celebrini, Smith, Bedard, and Cooley. Plus everything else NHL.

Pastor Danielle Frazer teaches that Sabbath is God's sacred gift woven into creation—a weekly rhythm to step away from the noise and be filled with His beauty and goodness. Rest isn't earned; it protects our hearts, minds, and souls and re-centers us on God.

If you've ever pushed yourself past your limits because you love what you do, this episode will feel like a deep exhale. In this episode, I sit down with Amy Frazer of Keller Design Co. to talk about the realities of overworking, burnout, and finding balance in your creative business. Amy shares her journey from corporate design roles at Old Navy and Nike to building a slower, more intentional life and business rooted in purpose not pressure.What you'll learn in this episode:✨ The hidden emotional roots of overworking and burnout✨ How to set boundaries without losing your passion✨ Why rest is not a reward but a rhythm✨ How slowing down can lead to more creative freedomThis conversation is a reminder that you can love what you do without losing yourself in it and that real success is found in balance, not burnout.

Frazer tricks Ben into liking MIDSOMER MURDERS while things get dead spooky as they discuss ELVIRA. UR WELCOME!Leave us some feedback;Insta: @urwelcomeamericaTwitter: @urwelcomeUSAEmail: UrWelcomeAmericaPodcast@gmail.com

Ken and Frazer preview the Ravens defense vs the Bears.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ken and Frazer preview the Ravens offense vs the Bears.Our Sponsors:* Check out Mood and use my code RAVENS for a great deal: https://mood.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy