Podcasts about Goldman Sachs

Download Gary's 13 Keys to Creating a Multi-Million Dollar Business from https://www.DitchDiggerCEO.com/Dave Bolotsky (@UncommonGoods) is the founder and CEO of Uncommon Goods, a pioneering online marketplace known for its handcrafted, ethically made products and its people-first business model. A former Goldman Sachs retail analyst who traded spreadsheets for storytelling, Dave built Uncommon Goods from his New York apartment into one of the most values-driven eCommerce companies in America.In this conversation with Gary Rabine, Dave shares the lessons he learned from icons like Sam Walton and Bernie Marcus, how he survived the dot-com crash, and why he believes business can — and must — be both profitable and purposeful.In this episode, Gary and Dave discuss:Building a business from the ground up with grit, values, and zero outside fundingHow to lead through crisis — and why firing people taught him his most powerful leadership lessonThe culture of ownership: why Dave meets every new hire and gives employees a stake in successCompeting with Amazon through creativity, relationships, and exclusivityThe enduring impact of purpose-driven leadership and “shared prosperity”LinkedIn: https://www.linkedin.com/in/dave-bolotsky/  Website: https://www.uncommongoods.com/  Facebook: https://www.facebook.com/uncommongoods/  X: https://x.com/uncommongoods Connect with Gary Rabine and DDCEO on: Website: https://www.DitchDiggerCEO.com/ Instagram: https://www.instagram.com/DitchDiggerCEOTikTok: https://www.tiktok.com/@ditchdiggerceopodcast Facebook: https://www.facebook.com/DitchDiggerCEOTwitter: https://twitter.com/DitchDiggerCEO YouTube: https://www.youtube.com/@ditchdiggerceo

The government shutdown officially hits 1 week: Carl Quintanilla and Sara Eisen kicked off the hour with a look at the alternatives to government data investors should know - along with the latest from DC - before breaking down the overall economic picture with former Fed President & Goldman Sachs Vice Chair Robert Kaplan. Plus: billionaire tech investor Orlando Bravo joined the team with his take on the massive money flowing into public and private markets around AI... which he argues is not a bubble.  Around the edges: details on the new deal between online betting platform 'Polymarket' and the owner of the New York Stock Exchange... a debate on whether AI shopping tools are actually *bad* for retail's bottom line.. And the key takeaways from results out of Constellation Brands Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Here's the thing. Most of us still picture a hotel lobby with a counter, a queue, and someone typing furiously while we wait after a long flight. In this episode, I sit with Richard Valtr, founder of Mews, to ask whether that scene is quietly fading. Backed by Tiger Global, Goldman Sachs, and Battery Ventures, Mews recently raised 75 million dollars to scale an AI-powered platform that already processes more than 10 billion dollars in payments each year. Richard argues the real bottleneck in hospitality isn't software. It's mindset. If hotels rethought workflows around guests rather than systems, the front desk would feel less like a checkpoint and more like a welcome. Richard shares the origin story of building for hoteliers as well as guests, and why the property management system should function like a central nervous system. He explains how automation handles the repetitive pieces of check-in so staff can actually look people in the eye and start a conversation. That's the promise of AI here. Not gimmicks, but orchestration across bookings, payments, inventory, and service so the boring parts disappear into the background and the human parts come forward. We also talk about underused tech. Richard uses a memorable comparison for many hotel platforms that have Ferrari-level capability but get driven like Volvos. The data is there. The intent to serve is there. What's missing is the leadership confidence to rewire the stack, measure outcomes, and keep pushing. When that happens, hotels stop thinking only in terms of rooms and start monetizing the full journey. Daybeds, coworking passes, last-mile upgrades, spa time after back-to-back meetings. AI can surface the right offer at the right moment without turning the experience into a sales pitch. By the end, Richard paints a picture of hospitality where screens fade, transactions happen on the guest's time, and every interaction feels more personal precisely because the admin has been taken out of the way. If you want a grounded view of how AI will change hotels without stripping away the reason we love staying in them, this conversation is a helpful place to start.

Another day of record highs on the S&P and Nasdaq: Carl Quintanilla, Leslie Picker, and Michael Santoli broke down what investors need to know as the government shutdown continues into Day 3 - with the latest from Washington and more on the market impact (besides a lack of jobs data today) with J.P. Morgan Asset Management's Chief Global Strategist David Kelly along with Goldman Sach's Chief Economist Jan Hatzius.  Plus: get the tech playbook with one T. Rowe Price portfolio manager who's betting on Apple, Alphabet, and Nvidia here after a great week for chip names - and hear from the Jefferies analyst making a rare downgrade of Apple to sell. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bitcoin is surging toward ATH's as ETF inflows accelerate, fueling optimism for fresh all-time highs. But the rally comes as uncertainty looms over ETF approvals, with the government shutdown threatening SEC deadlines. Meanwhile, Citi has raised its price targets for Bitcoin and Ethereum, adding to bullish momentum, and Kraken is seeking fresh funding at a $20B valuation just months after its last raise. On the regulatory front, SEC Commissioner Paul Atkins is calling for closer collaboration with the CFTC, while the shutdown also complicates crypto oversight. Outside of crypto, Goldman Sachs sees more upside for gold on private demand, and Stripe has launched Open Issuance via Bridge to expand digital finance tools. In this livestream, we'll break down Bitcoin's run, the regulatory battles ahead, and the fintech moves shaping the future of markets.

Andrew and Tom discuss yesterday's CFA meeting and the week ahead. Song: My Own Prison - CreedFor information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure

“The global financial order is tilting—and it's not going to stop,” says Dr. Nomi Prins, former Goldman Sachs managing director and bestselling author of Collusion.With the Shanghai Gold Exchange launching offshore vaults in Hong Kong, Singapore, Zurich, and Dubai, Prins calls it a “time zone tilt, a geographical tilt, a power tilt” that shifts gold—and power—away from the West.“This is about redistricting the globe around the hard currency of gold,” she explains. “Central banks are diversifying away from the dollar, and gold is now the second most held reserve asset worldwide, ahead of the euro. China has been carefully sequencing this strategy for over a decade.”As gold surges toward $4,500 and silver gains momentum, Prins sees the East tightening its grip: “More nations are moving their gold away from London and into Shanghai or Singapore. That takes supply off the market, lifts prices higher, and creates an entirely new power base.”✅ FREE RESOURCESDownload The Private Wealth Playbook — a data-backed guide to strategically acquiring gold and silver for maximum protection, privacy, and performance. Plus, get Daniela Cambone's Top 10 Lessons to safeguard your wealth (FREE)

The S&P 500 has enjoyed a remarkably steady rise, but under the surface, the action has been much choppier at the single-stock level. What does this dynamic mean for investors, and where are the best opportunities now? Brian Garrett, head of equity execution on the Cross Asset Sales desk in Global Banking & Markets, discusses with Chris Hussey on the Goldman Sachs trading floor. This episode was recorded on October 1, 2025. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. © 2025 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

With Ford's BlueCruise logging 58 million miles in 2024 and GM's Super Cruise generating hundreds of millions in revenue, more and more drivers are embracing Advanced Driver Assistance Systems (ADAS) to arrive at their destination more relaxed and alert.   In this Unplugged episode of SAE Tomorrow Today, host Grayson Brulte dives into reports from various automakers, Goldman Sachs, and Consumer Reports to show just how widespread ADAS adoption has become. He also explores the surprising benefits of “relaxed driving” and how hands-free driving systems could become as commonplace as cruise control.   Have your own thoughts on this topic? We'd love to hear from you. Share your comments, questions and ideas for future topics and guests to podcast@sae.org. Don't forget to take a moment to follow SAE Tomorrow Today—a podcast where we discuss emerging technology and trends in mobility with the leaders, innovators and strategists making it all happen—and give us a review on your preferred podcasting platform.   Follow SAE International: Facebook: https://www.facebook.com/SAEInternational/ X: https://x.com/SAEIntl LinkedIn: https://www.linkedin.com/company/sae-international/ Instagram https://www.instagram.com/saeintl/   Follow host Grayson Brulte: LinkedIn: https://www.linkedin.com/in/graysonbrulte X: https://x.com/gbrulte Instagram: https://www.instagram.com/gbrulte/

In this episode of the Market Maker podcast, we dive into the largest leveraged buyout in history - Electronic Arts going private in a $55 billion all-cash deal led by Saudi Arabia's PIF, Silver Lake, and Jared Kushner's Affinity Partners. What does this blockbuster transaction say about the future of gaming, geopolitics, and private capital?We also unpack Jefferies' record-breaking Q3 performance as dealmaking makes a comeback. Is this a lead indicator for bulge bracket banks like Goldman Sachs and J.P. Morgan?Finally, we look at why London has dropped out of the top 20 global IPO markets for the first time in decades. With capital increasingly flowing to the US, what can the UK do to reclaim its financial edge?From LBO mechanics and corporate strategy misfires to the intersection of AI, finance, and global power plays, this is an episode packed with insight for anyone tracking markets, banking, and business strategy.(00:00) Intro & Themes in Focus(02:25) US Gov Shutdown & Market Impact(09:26) Coca-Cola's Costa Coffee Misstep(14:02) Biggest Leverage Buyout Ever(19:33) Saudi's Gaming Investment Strategy(27:16) EA Deal Breakdown(31:44) Strategic Themes in EA Deal(34:49) Jeffries' Record & Insights(39:14) London's IPO Market Decline(44:24) Fixing London's Financial Scene****Take part in a free Markets Finance Accelerator Simulation Find out more about AmplifyME and our work in attraction, training and assessments for leading financial and academic institutions all over the world.

Think your retirement plan is bulletproof? Think again. In this eye-opening episode of The Stacking Benjamins Show, Joe Saul-Sehy, OG, and Neighbor Doug are joined by certified financial planner Jeremy Keil, CFP® to walk you through the steps to building a retirement plan that won't crack under pressure. From mapping out your spending before you ever leave the workforce to crafting a tax strategy that keeps more money in your pocket, this conversation is your blueprint for making your golden years actually golden. But just when you think you've got retirement handled, we throw a curveball: private equity. With giants like Goldman Sachs and T. Rowe Price trying to slip these complex investments into your 401(k), it's time to ask whether “more opportunity” is really a good thing — or a trap for the unprepared. Joe and OG break down the risks, the realities, and what you need to know before you sign on the dotted line. As always, we serve it all with a side of basement banter — from Doug's trivia about the first issue of Playboy to a TikTok football moment you didn't know you needed — plus real-life stories that prove retirement planning is as much about mindset as it is about math. What You'll Learn In Today's Show: The five key steps to building a retirement plan that works for you, not just a generic spreadsheet. Why starting with your spending habits (not investments) can make or break your retirement success. How to prepare for the emotional side of retirement — including those pesky “what now?” questions. The surprising risks of private equity creeping into your 401(k) — and how to decide if it's worth it. Smart tax strategies to make your retirement money last longer. How long-term care, market volatility, and unexpected expenses should factor into your plan. Questions to Ponder During the Episode (and discuss with other Stackers!) What's one spending habit you need to understand now to avoid retirement surprises later? How would you react if your employer added private equity options to your 401(k)? Are you planning your retirement based on your lifestyle — or someone else's idea of “enough”? FULL SHOW NOTES: https://stackingbenjamins.com/five-steps-to-a-better-retirement-plan-with-jeremy-keil-1743 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

We are back on the road this week for an insightful visit with Ray Zage, CEO of Tiga Investments, and Shon Hiatt, Director of the Zage Business of Energy Initiative and Associate Professor of Business Administration at the University of Southern California. Ray is a seasoned global investor who has led Tiga since 2017. He began his career at Goldman Sachs and has held roles in Singapore, New York, and Los Angeles. He serves on multiple boards and also advises early-stage technology ventures. Shon joined the USC Marshall School of Business from Harvard in 2014 and is also a Distinguished Fellow at the Hamm Institute for American Energy. His research focuses on entrepreneurship, global strategy, innovation and sustainability. This week, USC is hosting its annual Energy Business Summit (details here). We were delighted to spend time with Ray and Shon to hear their perspectives on today's evolving academic and energy landscape. In our conversation, we discuss the Zage Business of Energy Initiative and its mission to build a pipeline of future energy leaders equipped to develop practical investment approaches and spark innovation and entrepreneurship across industries. Shon reflects on his research in Europe, noting parallels with California's energy challenges, and Ray shares his motivation to support broader, more objective research in energy beyond just “cleanliness,” shaped in part by his experiences across Asia and his perspective on long-term, balanced energy policy. We explore the history of energy at USC, California's refining and energy policy challenges, lessons from Asia, China, and Singapore's long-term planning, the growing energy needs of data centers in Asia versus the U.S., and the strategic positioning of countries like Singapore. We touch on the USC Energy Business Summit and its lineup of topics from energy storage and renewables, nuclear energy, and AI and energy demand, as well as the growing interest among students in pursuing energy careers. We address global electricity demand trends, energy affordability in emerging economies, the impacts of geopolitical instability on energy security, China's energy strategy, the global competition for raw materials, nuclear power developments, Silicon Valley's growing embrace of nuclear and natural gas, the need for durable laws to support long-term energy investment, and more. We greatly enjoyed the discussion and appreciate Shon and Ray for joining. Mike Bradley kicked us off by noting that markets were largely focused this week on the impending U.S. government shutdown. Over the past 50 years, there have been 21 shutdowns with an average length of 7-8 days. The longest shutdown was 35 days (Dec. 2018 to Jan. 2019), which occurred during President Trump's first term. On the bond market front, the 10-year bond yield (4.15%) was down marginally this week on the impending shutdown. Bond markets are mostly focused on employment reports this week (JOLTS Job Openings, Initial Jobless Claims and Nonfarm Payrolls) which would be delayed in a shutdown. On the broader equity market front, the S&P 500 seems to be in “no man's land” at least until investors see the outcome and duration of this impending shutdown. On the crude oil market front, WTI price was down ~$3/bbl (~$63/bbl) this week for a couple potential reasons. Oil traders are growing concerned that OPEC+ could announce an oil production increase for November of 500kbpd (and 1.5mmbpd over the next three months) at their October 5th Meeting, which would increase the 2026 global oil surplus even further. In addition, President Trump's Gaza Peace Plan may also be weighing a little bit on oil price because it eliminates any “perceived” war premium in oil prices. He ended by discussing the impending Fermi America IPO (FRMI). Fermi, co-founded by former Energy Secretary Rick Perry, is a planned 11 GW energy and data center c

WEALTH HISTORY EP.65 จะพาไปเจาะลึกเรื่องราวความมั่งคั่งและมรดกทางประวัติศาสตร์ในโลกการเงินของ Goldman Sachs หนึ่งในสถาบันการเงินที่เก่าแก่ที่สุดแห่งหนึ่งโลก บนเส้นทางกว่า 150 ปี และการร่วมมือครั้งประวัติศาสตร์ของ Goldman Sachs Asset Management กับกลุ่มธุรกิจการเงินเกียรตินาคินภัทร หรือ KKP ในประเทศไทย เพื่อยกระดับศักยภาพด้านธุรกิจบริหารความมั่งคั่งโดยเฉพาะ ติดตามเรื่องราวนี้ได้กับโฮสต์ประจำรายการ วิทย์ สิทธิเวคิน

Goldman Sachs' Neema Raphael, the firm's chief data officer and head of data engineering, discusses the role of data in enabling or possibly stalling AI's progress with George Lee, co-head of the Goldman Sachs Global Institute, and Allison Nathan, senior strategist in Goldman Sachs Research. This episode was recorded on September 25, 2025. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html. © 2025 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wolfspeed (WOLF) surged to the upside after avoiding Chapter 11 bankruptcy. Diane King Hall talks about the stock's volatile history and how A.I. hopes added to the company's stunning rally. Goldman Sachs tuned down its bullishness on Spotify (SPOT) through a downgrade from buy to neutral. Diane notes a similar analyst move seen in Oklo Inc. (OKLO) from BofA.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

My guest today is Nick O'Donohoe CMG – former CEO of British International Investment, co-founder of Big Society Capital, and one of the early figures to frame impact investing as a financial discipline.Nick spent nearly three decades in global banking – first at Goldman Sachs, then at JPMorgan, where he rose to become Global Head of Research.When the crisis hit in 2008, Nick left JPMorgan to explore whether finance could be used to serve people who had never been served by it at all.That search took him to Bellagio, where the Rockefeller Foundation had gathered a small group of investors, philanthropists, and bankers to explore a new idea – something that would eventually become known as impact investing.Nick brought a small research team – and the ability to put JPMorgan's name on something. He offered to write a report explaining what impact investing could be: who it was for, how it might work, and why it mattered.That report – Impact Investments: An Emerging Asset Class – was the first of its kind. It gave the idea a name, a structure, and a platform. For the first time, the field became legible – to banks, to investors, and to the wider world.A few years later, he left banking to co-found Big Society Capital (now known as Better Society Capital) with Sir Ronald Cohen. Their mission was to use dormant assets to back the UK's social sector.Big Society Capital backed early-stage social enterprises, co-founded intermediaries, and pushed for legal structures that could attract blended capital.In 2017, Nick became CEO of CDC Group – later British International Investment – the UK's development finance institution. His mandate: deploy billions in public capital into emerging markets, while balancing risk, return, and development goals.Under his leadership, BII invested in solar and wind, hospitals, digital connectivity, agribusiness, and venture capital. Most of that capital flowed into Africa, South Asia, and parts of the Caribbean.He also launched the Catalyst Portfolio – where expected returns were zero or even negative. He introduced an Impact Score to measure social and environmental outcomes with the same rigor as financial ones.During his time at BII, over 60% of the portfolio went into African countries. He believes capital needs to be structured differently to reach the people and places that need it most. That's where development finance has to step in – to fill the gaps the market won't touch on its own.Now Nick is about to start as a Senior Fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School, where he'll be focused on what comes next.If I had to sum up our conversation in one word, it would be risk – financial, political, and moral. But we talked about much more.Tune in to hear from Nick O'Donohoe firsthand.—Connect with SRI360°:Sign up for the free weekly email updateVisit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK—Additional Resources:- Nick O'Donohoe CMG LinkedIn- British International Investment website- Impact Investments: An Emerging Asset Class

Andrew, Ben, and Tom discuss the latest M&A activity, potential government shutdowns, and Goldman Sachs' upgrade of equities to overweight. Song: Rhiannon - Fleetwood MacFor information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure

Find me on Substack: https://bogumilbaranowski.substack.com/Matthew Peterson is the visionary founder and managing partner of Peterson Capital Management who leverages over 25 years of global financial experience, including a decade at Goldman Sachs, Morgan Stanley, and Merrill Lynch, to pioneer "structured value investing" - a sophisticated approach that combines classic value principles with options strategies to achieve superior returns while managing risk.EPISODE NOTES3:00 - Matthew shares his Minnesota upbringing and early financial curiosity, shuffling bank CDs for extra returns in the 1980s before understanding compounding5:30 - Wall Street experience at Goldman Sachs: "everybody was aligned, marching to the same beat" with 104-hour work weeks becoming "second family"8:15 - Introduction to structured value investing: using options as tools, not speculation, to buy stocks at better prices than traditional investors10:40 - Core strategy revealed: selling put contracts instead of market orders - "we say, I will commit to buying it for a hundred over the next year, but you have to pay us fifteen dollars"12:20 - Benefits explained: buying 20% cheaper creates massive IRR advantage over decades of compounding15:45 - Psychology advantage: options help value investors be more patient during early entry periods24:15 - Portfolio composition: seven core "infinite compounder" holdings including Berkshire Hathaway, designed to hold forever41:50 - 13F analysis strategy: monitoring 100+ value investors reduces 6,500 companies to just 400 prospects54:15 - Introduction to Alpha One AI platform providing comprehensive company analysis in 20 minutes1:02:25 - Structured dividend capture strategy for cash management1:11:15 - Success definition: "having the people that you want to love you, love you" - citing Warren Buffett's wisdomPodcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Melt Away Fat! Never Diet Again!! The promises of “magic pills” that will lead to safe, effortless weight loss are everywhere. But while these mythical weight loss products may never exist…the FDA is getting ready to approve something extremely close. The news has been nearly impossible to miss…with a tidal wave of interest in medications that are revolutionizing an innovative approach to weight loss is swiftly evolving. Unlike past diet and weight loss trends, GLP-1 drugs are generating levels of enthusiasm that have rarely been seen. And honestly, there are few examples from history that have generated such impact. What once started as a lesser-known treatment (aiming to control blood glucose levels) of type-2 diabetics has turned Ozempic, Wegovy, Mounjaro, and Zepbound into household names, and brought us to the cusp of a health revolution. Furthermore, the next few days, months, and beyond, are shaping up to be a pivotal time for the GLP-1 landscape…mostly due to the FDA expectantly approving the first orally administered medication for chronic weight management (i.e. oral Wegovy semaglutide) sometime during this fourth quarter of 2025. Though, if this discovery has fueled an unprecedented surge in interest and demand for these current injectable peptides, why then are companies working so hard to make oral tablet forms of weight loss drugs that target the GLP-1 receptor? From a business perspective, there are some obvious advantages…such as oral tablet formulations tend to be cheaper and easier to manufacture and distribute than sterile injector pens. In fact, manufacturing complexity, both in terms of making the peptide active ingredients and producing the final injectors…significantly contributed to both Eli Lilly and Novo Nordisk struggling to supply surging demand for their products following approvals for weight loss indications. And from a patient perspective, oral weight loss pills are attractive for several reasons…most notably enhancing convenience for those who simply prefer pills to injections and making treatment accessible to those who are “extremely needle-phobic.” However, while tablet forms are generally more familiar and accessible to most individuals, the relative success of any oral drugs will likely depend on a combination of price, performance, and side-effect profiles. And although oral Wegovy is expected to be approved first, competition will quickly heat up from a myriad of biopharma companies, including Eli Lilly, Viking Therapeutics, Biomed, and Roche. In fact, Eli Lilly is expected to submit its application soon to the FDA for its once daily oral weight loss drug (with potential regulatory approval in 2026). Regardless, the demand for effective weight loss treatments is huge…and there's ample space in the market for a variety of complementary therapies. According to recent Goldman Sachs projections, the U.S. weight loss medication market will essentially triple to over $60 billion by 2030…with oral versions accounting for a quarter of that total market size. While oral weight loss drugs represent (in my opinion) one of the most significant new product cycles across the entire biopharma sector, there's no guarantee they make an immediate disruptive market impact or outcompete existing injectables long-term. And these will be margin accretive for the pharmaceutical industry's newest cash cow…even if this first wave isn't perfect, there will be a next wave of improvements, and then another new wave of improvements after that (if appropriate).

As consumers become increasingly cost-conscious, Eric Clark believes certain brands are well-positioned to capture their attention. Clark favors companies that are digitally native, platform businesses with a strong presence of customer data, and those that are deploying AI effectively, such as Intuit (INTU), Netflix (NFLX), and Spotify (SPOT). He also likes retailers like Costco (COST), Walmart (WMT), and Amazon (AMZN), as well as asset managers like Goldman Sachs (GS) and American Express (AXP). Meanwhile, Clark has trimmed some technology exposure in stocks such as Nvidia (NVDA), in favor of "next wave" AI plays like AppLovin (APP).======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Ever wondered how strategic moves can reshape your career in real estate? Join us as we uncover the journey of Harrison Polsky, the principal of Katina Homes in Dallas, and learn how his transition from a commercial analyst to a prominent figure in the Dallas real estate scene became a game-changer. Harrison unfolds his path from being a residential broker to representing builders, navigating the challenges of the COVID-19 pandemic, and ultimately co-founding a successful venture. He reveals the dynamics behind Dallas's booming market, driven by the influx from places like New York and California, and the economic allure of no state income tax. Explore how major corporate relocations, like Goldman Sachs, are reshaping the city's landscape and discover the strategic insights that have set Harrison apart. But that's not all Harrison offers a rare glimpse into the luxury real estate market, sharing personal anecdotes that reveal the power of intuition, relentless hard work, and reinvestment. Discover his vision of creating a boutique hotel and wellness community, an ambitious project aligning with his passion for travel and wellness. Listen as he opens up about the profound satisfaction of providing for his family and maintaining life balance through personal routines. Harrison's reflections on shared family experiences over material possessions offer invaluable lessons for leaving a lasting legacy. Don't miss this chance to glean wisdom from Harrison's inspiring journey and learn how to elevate your own path in the real estate industry. Timestamps 00:00:00 - Introduction and Welcome to Business Legacy Podcast   00:00:45 - Harrison Polsky's Background and Early Career in Real Estate   00:02:30 - Transition from Commercial Analyst to Residential Broker   00:03:50 - Co-Founding Katina Homes During the COVID-19 Pandemic   00:05:15 - The Impact of Major Corporations Relocating to Dallas   00:06:30 - Dallas Real Estate Market Growth and Economic Opportunities   00:08:12 - Insights into the Luxury Real Estate Market   00:09:45 - The Role of Intuition and Reinvestment in Real Estate Success   00:11:00 - Personal Ambitions: Boutique Hotel and Wellness Community   00:12:30 - Balancing Career with Family and Self-Care Routines   00:14:00 - Teaching Children Through Travel and Global Experiences   00:15:30 - Reflections on Personal Fulfillment and Career Achievements   00:17:00 - Social Media and Ways to Connect with Harrison Polsky   00:18:00 - Closing Remarks and Appreciation for the Audience Episode Resources: Connect with Harrison here:  https://www.elliman.com/agent/harrison-polsky/1026844 Legacy Podcast: For more information about the Legacy Podcast and its co-hosts, visit businesslegacypodcast.com. Leave a Review: If you enjoyed the episode, leave a review and rating on your preferred podcast platform. For more information: Visit businesslegacypodcast.com to access the shownotes and additional resources on the episode.

 Nine proven strategies executives and professionals in Japan and worldwide can use to master public speaking and influence with confidence Why do business professionals need presentation guidelines? Most of us stumble into public speaking without training. We focus on doing our jobs, not plotting a public speaking career path. Yet as careers advance, presentations to colleagues, clients, or stakeholders become unavoidable. Executives at firms like Hitachi, SoftBank, or Mitsubishi know that persuasive communication directly affects career progress and credibility. Without guidelines, many professionals waste decades avoiding public speaking. The good news? It's never too late to learn. By following proven principles, anyone can become a confident communicator capable of inspiring audiences and strengthening personal brands. Mini-Summary: Public speaking is not optional in business careers. Guidelines accelerate confidence and credibility, ensuring leaders don't miss opportunities. Should you use notes during a presentation? Yes, brief notes are acceptable. Smart presenters use them as navigation aids, either on the podium or discreetly placed behind the audience. Audiences don't penalise speakers for glancing at notes—they care about clarity and delivery. The real mistake is trying to memorise everything, which creates unnecessary stress. Professionals at companies like Goldman Sachs or Deloitte often carry structured notes to ensure flow without losing authenticity. The key is to avoid reading word-for-word and instead speak naturally to main points. Mini-Summary: Notes provide direction and reduce stress. Reading word-for-word damages authenticity, but reference notes enhance confidence. Why is reading or memorising speeches ineffective? Reading entire speeches is disengaging. Audiences quickly tune out when delivery sounds like a monotone recitation. Memorising 30 minutes of text is equally flawed—it strains memory and removes spontaneity. Modern leaders need flexibility, not rigid scripts. Instead, professionals should memorise key ideas, not sentences. Political leaders and CEOs alike rely on talking points, not full manuscripts, to stay natural and adaptable. In Japan, executives trained in Dale Carnegie programs learn to communicate with presence, not performance. Mini-Summary: Reading or memorising word-for-word suffocates engagement. Focus on key points to remain natural, flexible, and credible. How can evidence strengthen your presentation? Audiences are sceptical of sweeping statements. Without proof, leaders risk credibility damage. Evidence—statistics, expert testimony, and case studies—adds authority. A claim like “our industry is growing” has little weight unless supported with 2025 market research or benchmarks from firms like PwC or Bain & Company. In Japan's cautious corporate culture, data-backed arguments are particularly vital. Numbers, trends, and customer case studies reinforce trust, especially during Q&A sessions where credibility is tested. Mini-Summary: Evidence turns opinion into authority. Leaders should support claims with facts, statistics, and expert sources to maintain credibility. Why is rehearsal so important? Practice transforms delivery. Presenting to trusted colleagues provides feedback and confidence. But avoid asking vague questions like “What do you think?” Instead, request specifics: “What was strong?” and “How can it improve?” This reframes feedback into constructive insight. At global firms, leaders often rehearse in front of teams or communication coaches before critical investor calls or town halls. Japanese executives, known for precision, benefit greatly from structured rehearsal before presenting to boards or government stakeholders. Mini-Summary: Rehearsal reduces anxiety and strengthens delivery. Ask targeted questions to turn feedback into actionable improvement. Do you always need visual aids? Not necessarily. Slides are valuable only if they add clarity. Overloaded decks weaken impact, but visuals with people, trends, or key figures make content memorable. A simple chart highlighting one data point can be more persuasive than 20 dense slides. Visuals also act as navigation, allowing presenters to recall main points naturally. At firms like Apple or Tesla, minimalist visuals emphasise storytelling over clutter—an approach business leaders worldwide can adopt. Mini-Summary: Visual aids should clarify, not confuse. Use them sparingly to highlight key ideas and support storytelling. How should professionals control nerves before speaking? Nervous energy—“butterflies”—is natural. The solution is physical and mental preparation. Deep, slow breathing lowers heart rate and calms the body. Some professionals walk briskly backstage to burn excess energy, while others use pep talks to raise intensity. Finding a personal ritual is key. Research in workplace psychology shows that controlled breathing and physical grounding improve focus. Japanese executives presenting at high-stakes shareholder meetings often use discreet breathing exercises before stepping on stage. Mini-Summary: Anxiety is natural. Breathing, movement, and mental preparation channel nerves into productive energy. Why should you never imitate other speakers? Authenticity wins. Copying others produces inauthentic delivery and limits growth. Instead, leaders should develop their own voice through practice and feedback. Life is too short to be a poor copy of someone else. Famous communicators like Steve Jobs or Sheryl Sandberg became iconic not by imitation but by honing unique, authentic styles. The same is true in Japan: executives respected for leadership presence stand out because they are genuine. Mini-Summary: Don't copy others. Develop a natural, authentic style that reflects your personality and strengths. Conclusion: How do guidelines transform your presentation career? Public speaking is not an optional skill—it defines leadership impact. By applying nine guidelines—using notes, avoiding reading, focusing on key points, backing claims with evidence, knowing more than you say, rehearsing, using visuals wisely, controlling nerves, and being authentic—professionals protect and elevate their personal brands. Key Takeaways: Notes guide, but don't read word-for-word. Memorise ideas, not sentences. Use evidence to back claims and build authority. Rehearse with feedback for confidence. Visuals should enhance, not clutter. Control nerves with breathing and energy rituals. Authenticity beats imitation every time. Leaders at all levels should take action now: seek training, rehearse deliberately, and present with authenticity. Don't waste years avoiding public speaking. The sooner you embrace it, the faster your leadership brand grows. About the Author Dr. Greg Story, Ph.D. in Japanese Decision-Making, is President of Dale Carnegie Tokyo Training and Adjunct Professor at Griffith University. He is a two-time winner of the Dale Carnegie “One Carnegie Award” (2018, 2021) and recipient of the Griffith University Business School Outstanding Alumnus Award (2012). As a Dale Carnegie Master Trainer, Greg is certified to deliver globally across all leadership, communication, sales, and presentation programs, including Leadership Training for Results. He has written several books, including three best-sellers — Japan Business Mastery, Japan Sales Mastery, and Japan Presentations Mastery — along with Japan Leadership Mastery and How to Stop Wasting Money on Training. His works have been translated into Japanese, including Za Eigyō (ザ営業), Purezen no Tatsujin (プレゼンの達人), Torēningu de Okane o Muda ni Suru no wa Yamemashō (トレーニングでお金を無駄にするのはやめましょう), and Gendaiban “Hito o Ugokasu” Rīdā (現代版「人を動かす」リーダー). Greg also publishes daily business insights on LinkedIn, Facebook, and Twitter, and hosts six weekly podcasts. On YouTube, he produces The Cutting Edge Japan Business Show, Japan Business Mastery, and Japan's Top Business Interviews, widely followed by executives seeking success strategies in Japan.

ChroniFi personal finance software is transforming the way professionals think about money—and today, we're diving deep with its founder, Ben Miller.Ben left a successful career at Goldman Sachs to launch ChroniFi, a platform designed to reframe personal finance in terms of time, not just dollars. In this episode of The Financial Freedom for Physicians Podcast, you'll discover how ChroniFi empowers high-income earners—especially physicians—to track their progress toward financial independence in a meaningful, actionable way.If you're searching for:Smart FIRE movement toolsSolutions for personal finance time trackingInsightful financial planning for doctorsBetter budgeting for high-income earnersAnd clarity on passive income tracking...Then this conversation is exactly what you've been looking for.

Story of the Week (DR):Disney brings back Jimmy Kimmel's show after backlash spurred massive boycott while some conservatives blasted FCCSinclair says it won't air Jimmy Kimmel on its stations after Disney announced his returnFCC Chair Brendan Carr defends ABC affiliate that's not showing 'Jimmy Kimmel Live!' despite his reinstatementNexstar joins Sinclair, says it will continue not to air Jimmy KimmelDisney investors demand internal records on Jimmy Kimmel's suspension, say the board may have breached dutiesDisney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand recordsDisney boss Bob Iger has gone from woke warrior to liberal lightning rod MAGA furious at Disney and ABC over Jimmy Kimmel's return: ‘They let the woke mob get to them' Disney decides it hasn't angered people enough, announces Disney+ price hikes'There's no way we can afford $100,000': Small firms scramble over H-1B visa feesTalent Drain: Skilled Immigrants Choose Canada Over U.S.Indian IT Firms Recalibrate U.S. Strategy After Visa ShockJPMorgan CEO Jamie Dimon expresses surprise and concernDimon said the hike “came out of the blue” and stressed that the U.S. still needs access to global talent. He has indicated the banking/finance sector may challenge or negotiate around the policyReed Hastings (Netflix) praises the policyHastings called the $100,000 fee a “great solution,” especially because he sees it as helping ensure that the H-1B program is used for “very high value jobs,” reducing reliance on a lottery system.Silicon Valley leaders cautiously support the feeNvidia CEO Jensen Huang and OpenAI CEO Sam Altman praised the measure in terms of potentially simplifying the visa system and merit-based immigrationAltman: "We need to get the smartest people in the country, and streamlining that process and also sort of aligning financial incentives seems good to me"Royal Bank of Canada's CEO Dave McKay said the US President's move to impose a $100,000 fee on H-1B visas is a win for Canada.The 20 financial firms that could be hardest hit from Trump's new H-1B fee — from Goldman Sachs to CitiTylenol maker Kenvue battles fresh storm as Donald Trump links it to autism MMTrump's unfounded claims heap new stress on household brand name TylenolTrump, RFK Jr. distort facts on autism, Tylenol and vaccines, scientists say: "Sick to my stomach"OB-GYN group calls Trump's remarks on acetaminophen 'irresponsible'Kenvue Stock Recoups Losses After Trump Links Tylenol to AutismResearch tying Tylenol to autism lost in court. Then it won Trump's earTrump's 'tough it out' advice to expectant moms is the latest example of men opining on women's painThe President and RFK Jr.'s dangerous war on science and mothersThe Shameful Spectacle of Trump and Kennedy Blaming Mothers for AutismAutism Science Foundation: 'Shocking' move takes us 'straight back to when moms were blamed for autism''Acet…Aceto…': Trump Struggles To Say Medicine's Name, Links Autism To PainkillerAnti-vaccine groups melt down over RFK Jr. linking autism to Tylenol"We didn't wait 20 years for Bobby to finally speak and then get served Tylenol as an answer," anti-vaccine group Georgia Coalition for Vaccine Choice wroteChildren's Health Defense (CHD) - the anti-vaccine group founded by Kennedy - retweeting a post on Monday: "THIS WAS NOT CAUSED BY TYLENOL."Oracle names two CEOs in rare leadership shift after Catz exitLord Emperor Larry Ellison (65% influence and 42% voting power): he still gets $8.3M in pay despite owning ~$378B in Oracle stock. Is this even possible? He got security-related costs and expenses of $2,999,264 for his primary residence. Board chairFormer CEO and now Executive Vice Chair Safra Catz. She's staying on the board.221,974: (i) Company matching contributions under our 401(k) Plan of $5,100, (ii) flexible credits used towards covering the premiums for cafeteria-style benefit plans in the amount of $14,860, (iii) security-related costs and expenses to augment the existing security system at Ms. Catz's primary residence, (iv) legal counsel fees and (v) aggregate incremental costs to Oracle of $200,086 for Ms. Catz's use of Oracle's private aircraft for non-business travel. This leaves $1,928 for legal fees and security: for a Larry:Safra We Love Him More Security Ratio of: ~3114:1Catz still got $6.5M despite owning $2.8B of company stockNew co-CEO and director Clayton Magouyrk: joined Oracle in 2014, is 39Mr. Magouyrk will receive a grant of stock options to purchase $250M in shares of Oracle common stock with 80% of the grant consisting of time-based stock options and 20% of the grant consisting of performance-based stock options (“PSOs”).New co-CEO and director Michael Sicilia: joined Oracle in 2009, is 54Mr. Sicilia will receive a grant of stock options to purchase $100M in shares of Oracle common stock with 80% of the grant consisting of time-based stock options and 20% of the grant consisting of PSOs.Goodliest of the Week (MM/DR):DR: MacKenzie Scott gives $70 million to UNCF to financially strengthen HBCUs DRUNCF, as the nation's largest private provider of scholarships to minority students works to raise $1 billion to strengthen all 37 of its historically Black colleges and universitiesMM: Trump claims ‘sabotage' at UN from escalator, teleprompter and micTurns Out Trump's Own Team Messed Up U.N. Escalator and TeleprompterAssholiest of the Week (MM):American oligarchsMurdoch's TikTok? Trump offers allies another lever of media controlLarry Ellison's Oracle set to spearhead U.S. oversight of TikTok algorithmElon Musk just sold Grok to U.S. government for 42 cents – and signals warmer ties with TrumpMark Zuckerberg showed Google how to make Republicans happyIN: Zuck, Musk, Ellison, MurdochOUT: Satya Nadella (too Indian), Tim Cook (too gay), Sundar Pichai (too Indian), Bezos (too bald), Jensen Huang (too Asian), women, blacksSee? TikTok deal won't include 'golden share' or equity for U.S., Trump administration says - he only takes a golden share or voting stake when the CEO is Japanese (Nippon Steel) or Chinese (Intel)Disney - now everyone hates you!Conservatives: MAGA furious at Disney and ABC over Jimmy Kimmel's return: ‘They let the woke mob get to them'Liberals: Disney boss Bob Iger has gone from woke warrior to liberal lightning rodAffiliates: Nexstar joins Sinclair, says it will continue not to air Jimmy KimmelIRONY ALERT: In statement, Nexstar cited “diversity” as a reason why Kimmel is still off the air: “On Wednesday, Nexstar said it continues to evaluate the show and is speaking with Disney ‘with a focus on ensuring the program reflects and respects the diverse interests of the communities we serve.'”Trump: Trump threatens to sue Disney-owned ABC over Jimmy Kimmel's return to TVInvestors: Disney investors demand internal records on Jimmy Kimmel's suspension, say the board may have breached dutiesEveryone: Disney decides it hasn't angered people enough, announces Disney+ price hikesStay in your place on the manufacturing line MMFirst they say college is for losers, now they say so is being alive - just eat your cheap fatty protein adjacent meal and go to workEx-Google CEO Eric Schmidt warns U.S. tech workers: competing with China's grueling 12-hour workdays means sacrificing work-life balancePalantir CEO says Gen Z can either have a social life at age 20 or be successful—but they can't do bothCharlie Kirk had a message for the over 2 million unemployed Gen Z NEET men: You don't need college to make your dreams happenBlackRock CEO Larry Fink said America could dodge a ‘retirement crisis' by encouraging people to work longerDon't try to be funny at work unless you want to risk your job and any chance of ever getting promoted, management professors sayMcDonald's is supersizing its value menu to win back average Americans — could it be a sign of trouble ahead?Girls, STOP APOLOGIZING for doing your jobsCracker Barrel CEO apologizes for logo, store changesWe conducted extensive research to inform our strategic plan. Well, what cannot be captured in data is how much our guests see themselves and their own story in the Cracker Barrel experience, which is what's led to such a strong response to these changes.Translation: we had no idea how racist you all areAt least she didn't apologize for everything that's ever happened in the last hundred years like Vanessa Hudson apologizing for the boys behavior at QantasLook how it worked for her: Qantas cutting CEO pay signals new era of cyber accountability - has a dude EVERY HAD PAY CUT FOR ANYTHINGHeadliniest of the WeekDR: Real American Beer collaborates with WWE for special Hulk Hogan collectible can: 'Hulkamania forever'Hulk:In leaked recordings Hogan was heard making homophobic remarks, using the N-word, making racist remarks, and openly admitting to being racistWWE terminated their relationship with him temporarily, removed him from their website/Hall of Fame, following public backlash. Eventually, some reinstatement occurred.Hogan's ex-wife made public emotional abuse allegations and accusations of an affair with their daughter's friendDuring the WWF / Vince McMahon-related trial over steroids in wrestling, Hogan testified under immunity and admitted past steroid use back to 1976He admitted to actively working against efforts to unionize professional wrestlersTwo divorcesMichelob Ultra overtakes Modelo Especial as best-selling beer in the U.S.American subsidiary Anheuser-Busch Companies, LLCWoke CEO Brendan Whitworth was a first lieutenant in the United States Marine Corps and then as an operations officer for the CIA's counterterrorism center. Woke!Their leadership page of 15 executives also has a woke DEI hire! Chief People Officer Lindsay KingBelgian parent Anheuser-Busch InBev (AB InBev)They are even worse than their American counterparts: of their 18 executive leaders, they have TWO DEI WOMEN: Chief Communications Officer Donna Lorensen and General Counsel Katherine Barrett. DEI gone crazy!Both Michelob ULTRA and Bud Light are made by Anheuser-Busch Companies, LLC, a subsidiary of Anheuser-Busch InBev.DR: Palantir CEO says Gen Z can either have a social life at age 20 or be successful—but they can't do both & Ex-Google CEO Eric Schmidt warns U.S. tech workers: competing with China's grueling 12-hour workdays means sacrificing work-life balance MM: Tesla 'The Biggest Meme Stock' Ever? Expert Says 'Too Much Emphasis On The Magic Wand Of Musk'Sharing thoughts on Musk's new compensation package, Yale School of Management Senior Associate Dean Jeff Sonnenfeld didn't hold back with the meme stock analogy.THE SAME WIZARD IGER SONNENFELDMM: ‘Black Swan' author Nassim Taleb says your city's new bike lane is the reason the economy sucksTrump's tariffs force resources into lower-margin activities, Taleb said, likening the policy to “asking a brain surgeon to do some gardening two days a week to avoid being ‘ripped off' by professional gardeners.”Who Won the Week?DR: I-boo-proff-in, oh no, it's not American!MM: Jimmy Kimmel's YouTube channel PredictionsDR: Jimmy Kimmel takes Tylenol on air causing all remaining ABC affiliates to replace him with family-appropriate TV: Law & Order: Special Victims Unit which covers sex-based crimes (i.e. violence against women, now with commercials!)MM: Victoria's Secret ditches woke rebrand and vows to return to 'unapologetically sexy' roots - after reading this headline, Webster's Dictionary finally changes its definition of “woke” from “politically liberal or progressive (as in matters of racial and social justice) especially in a way that is considered unreasonable or extreme” to “anything including fat chicks, uggos, black people, and gays.”

After a stunning rally for US stocks, can investors find better opportunities in other markets? Mark Wilson, Head of Equities Franchise Sales in Global Banking & Markets, discusses with Chris Hussey.  Recorded on September 24, 2025.   The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. © 2025 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when your company's processes are costing you more than they're helping you?In this episode of Grow Your Business & Grow Your Wealth, guest host Jack W. Reeder, CLU, ChFC sits down with Hugh Glazer, Managing Director of Winterview Group. Hugh shares why businesses—whether start-ups or long-established firms—must step back from daily operations and map their transaction flows. From uncovering inefficiencies to improving cash flow and creating better decision-making frameworks, Hugh explains how visual workflows can save money, strengthen performance, and reveal opportunities for growth.Drawing on his decades of experience, including his work with the Goldman Sachs 10,000 Small Businesses program, Hugh talks about the most common mistakes companies make, real-world turnaround stories, and why entrepreneurs need to invest in infrastructure, data analysis, and forward planning to thrive.

In today's episode, we sit down with Carl Vogel of 6thMan Ventures and Bhau Kotecha of Paxos Labs to explore:-Tether's $500B Valuation: Bullish or Bearish?-AI Agents & Stablecoin Payment Rails-Stablecoins as US Derivatives Collateral-The Path to $1 Trillion Stablecoin Supply-Private Credit & On-Chain Lending Boom-Plasma Mainnet & The Stablecoin Chain Wars-Why Regulatory Clarity Changes EverythingThe Rollup---Website: https://therollup.co/Spotify: https://open.spotify.com/show/1P6ZeYd...Podcast: https://therollup.co/category/podcastFollow us on X: https://www.x.com/therollupcoFollow Rob on X: https://www.x.com/robbie_rollupFollow Andy on X: https://www.x.com/ayyyeandyJoin our TG group: https://t.me/+8ARkR_YZixE5YjBhThe Rollup Disclosures: https://therollup.co/the-rollup-discl

Investors have a false sense of safety in the stock market A psychologist by the name of Gerald Wilde came up with the term homeostatic years ago and I believe this is totally relevant in today's market. It essentially means that when the environment comes to feel safer, people's behavior becomes riskier. A great example he used was that people will probably drive faster in a big SUV than in a little tin can of a car. Relating it to today's market, investors seem to feel safer because of the long bull market. As the market continues to rise in the longer term, investors' appetite for risk increases. They do not realize that their behavior is risky because they have a false sense that the market will not drop. While the risk of their investments is high, because of the confirmation day after day of the market going up, they don't feel that they are taking any risk. From my perspective, the risk just seems like it continues to climb as people chase quick returns. AS an example, out of 672 launches of new exchange-traded funds so far this year, according to FactSet, 28% are tied to a single stock and 25% are leveraged and at least three seek to double the daily gains or losses of cryptocurrencies! You may not want to believe it, but there is a lot of risk in markets today and this could all end very poorly for those gambling in the market. Ultimately, there are two different types of investors, one is the long-term investor who is investing to build long-term wealth, while the other investor is in it for entertainment and they enjoy the roller coaster ride with the thrill of gains and the pain of the losses. This is a lot like the addiction that gamblers get. The difference is that long-term investors have odds of nearly 100% when it comes to making money over the long-term. Unfortunately, for those who do a lot of trading and take the higher risk road, well the odds of making money over the long term is closer to zero. If you check the prices of your stocks, I would say much more than a few times a year, you're probably in it for the entertainment and will probably make poor emotional decisions when difficult times come, and they will!   IPOs look hot, don't touch them, you'll get burned! So far in 2025 there have been over 150 IPOs which if you're not familiar with the term, it stands for initial public offering. These IPOs have raised about $29 billion so far this year and it is a nice increase in the total number of IPOs when compared to recent years. At this time last year, just 99 IPOs had occurred and in 2023 it was even worse at 76. The exciting news reads “first day gains are averaging 26%, which is the best since 2020”, but it's important to understand that those eye popping first day gains are not based off the first public trade but rather are gains on shares that were issued prior to heading to the market. Unfortunately, you as an investor have little to no chance of getting those shares as you generally see these go to your institutional investors and high net worth clients of Fidelity, Charles Schwab and other big firms. So, if you can't get the shares before they begin trading is it worth riding the bandwagon? I'm going to explain why the answer is a solid no. First off look at an ETF called Renaissance IPO (IPO). Back in 2021 it hit a high around $75 a share and by 2023 it fell to about $25 a share. With the recent frenzy in IPOs, it has climbed back above 50, but that is still a disappointing return to say the least. Also, this means any investors who bought it in 2021 through 2022 are still underwater. There is generally a ton of volatility around these trades considering when companies do an initial public offering, they're only releasing 15 to 20% of their equity many times and they often come with an initial lockup period of around 180 days, which really reduces the number of shares that are trading. Also, make no mistake that the investment bank that is issuing those shares has an obligation to try to get the opening price as high as possible to get full value for their clients. If it's an oversubscribed IPO, the demand will be higher than the supply, and the price will rise. Unfortunately, that means the company left money on the table that they could've put in their pockets rather than letting investors benefit from those gains. I believe investing in IPOs is a high-risk game, not to be played with by the average investor. A good example is Newsmax, which was a hot IPO with an issuing price of $10 a share that very quickly went to $265, as of today it is trading around $13 a share. A lot of people have lost their shirts, and I doubt they will get them back. To me the safer play to benefit from the increased number of IPOs is the banks handling this process considering they should be seeing a nice increase in profits. This would include your large players like JPMorgan Chase and Goldman Sachs. As of now there are other highly anticipated IPOs that could occur over the next year with names like robo-advisor Wealthfront, crypto firm Grayscale Investments, financial-technology firm Stripe, and sports apparel and betting company Fanatics all potentially hitting the public market.    What's going on with the real estate market? This week we got both existing and new home sales for the month of August and there was a stark difference in the reports. The headline number for new home sales showed an increase of 15.4% compared to last year, while existing home sales were up just 1.8% over that timeframe. The first important consideration here is new home sales can be extremely volatile on a month-to-month basis, and they make up a smaller portion of overall sales. Pre-pandemic, new home sales were normally around 10% of total sales, but with the limited listings in recent years they have been closer to 30% of all sales. One other reason for the large difference is how the reports are calculated. New home sales look at people that were out shopping and signing deals in August, while existing home sales look at closings in the month, which means these were deals that were signed in June or July. Interest rates may have played a factor here as rates for the 30-year fixed mortgage were around 6.7-6.8% in June and July vs around 6.5-6.6% in August. This also doesn't include the fact that many homebuilders offer lower rates to entice buyers. The supply of new homes also looks much better for buyers considering there was a 7.4-month supply in August and that was down from a nine-month supply in July. This compares to a 4.6-month supply for existing homes in the month of August. Homebuilders have a much larger need to move homes quickly as many of them don't want them sitting on their balance sheet as that can create risks. This compares to the average home seller that may not have a need to sell their home and when looking at the crazy market from just a couple years ago, I believe many of them have unrealistic expectations for how much their homes are worth and how fast the property will sell. Homes are staying on the market longer at around 31 days on average, which compares to 26 days last year. These factors have led sellers to either pull their listing or even delay listing in the first place. One similarity between the two reports was the annual price appreciation with the median price on existing home sales climbing 2% to $422,600 and the price on new home sales climbing 1.9% to $413,500. These high prices and higher mortgage rates have continued to impact the first-time buyer as their share in the existing home sale market was near historical lows at 28%. With everything considered here I still believe the housing market will remain on a slow upward trajectory with limited supply continuing to battle against affordability concerns.   Financial Planning: Insurance Vs Investments When building a financial plan, it's important to recognize that investments and insurance serve very different purposes. Insurance is designed to protect against loss. Life insurance provides for your family if you pass away, health insurance shields you from crushing medical bills, and auto insurance protects you financially from accidents or damage. You pay a known cost, the premium, to avoid a potentially devastating unknown cost, which makes insurance a valuable safety net. Investments, on the other hand, are meant to grow wealth and produce income. Stocks, bonds, and real estate help your money work for you overtime. While they can experience short-term volatility and uncertainty, most high-quality investments are built on solid foundations and have historically rewarded patience; those who can tolerate the ups and downs are almost guaranteed to come out ahead in the long run. The confusion comes when insurance products, like permanent life policies or annuities, are marketed as investments. While they may promise guarantees or cash value, they usually come with high fees, low returns, limited flexibility, and lots of fine print, making them poor substitutes for true investments. That doesn't mean insurance is bad, it simply means it works best when used for protection, not growth. The healthiest financial plans keep the roles clear: use insurance to protect and use investments to build wealth. Mixing the two often results in an expensive compromise that doesn't perform well on either front.   Companies Discussed: Compass, Inc. (COMP), PACCAR Inc. (PCAR) & Amazon, Inc. (AMZN)

Onboarding is more than paperwork and introductions—it's the moment where new hires decide whether they feel like insiders or outsiders. For Gen Z, who are entering the workforce with heightened expectations of purpose, growth, and connection, a strong onboarding experience is not just helpful—it's essential. Research shows that effective onboarding boosts engagement, accelerates performance, and strengthens retention. But traditional programs often miss the mark for Gen Z, who value personalized learning, mentorship, and cultural integration over generic orientation.Episode OutcomeIn this episode, we explore how organizations can design onboarding experiences that go beyond compliance to build belonging, inspire confidence, and unlock Gen Z's potential from day one. Listeners will gain practical insights, innovative practices, and real-world examples of onboarding that truly works in today's multigenerational workplace.Guest Chrisa Zindros Boyce is an Executive Coach, Business Consultant, and Fractional C-Suite Executive who helps individuals and companies rethink how they lead, grow, and build culture. With over 20 years in senior leadership, including roles as VP of Marketing, COO, and CSO. She has a sharp lens on Gen Z—their values, motivations, and the way they are reshaping work. By helping companies design infrastructures and cultures that bridge generational divides, Chrisa creates workplaces where Gen Z, Millennials, and beyond can drive together. Her consulting practice spans industries from finance and law to fashion, media, education, and technology, with clients that include Walmart, Live-Nation, Google, Goldman Sachs, and MIT. Whether guiding companies through restructures, succession planning, or culture transformations, 45 Best Gen Z Podcasts You Must Follow in 2025Find Us OnlineChrisa Boyce :  Website, Website, LinkedInNikhil :  Website,  Linkedin, Youtube & Book 

“Anything that stretches you and makes you grow is never easy.” “In general, to gain trust, the three things that work are humility, curiosity, and authenticity.” “In Japan, you have to move from busy to productive, and from productive to impactful.” “As a leader, you must trust others to be your voice, your interpreter, and your proofreader.” “First and foremost, put your hand up—there's too much hesitation and self-censoring.” Dr. Laura Bonamici is the Global Head of Marketing at Fujitsu, based in Tokyo, Japan. Her career has spanned multiple industries and geographies, from consumer goods and luxury fashion to technology, each stage demanding adaptability and reinvention. Previously she was a Communications Specialist, Embedded PR; Commodity Operations Program Manager, Goldman Sachs; Investment Banking Division, Goldman Sachs; Corporate Marketing Assistant, Drake International-Learning Technologies.  She has a Ph.D. from Royal Holloway University of London; and B.A from Universita degli Studi di Firenze. She has built her reputation on her ability to lead transformation across cultures, guiding teams through periods of uncertainty and change. In Japan, she has been tasked directly by Fujitsu's CEO with spearheading marketing transformation, a mandate that challenges her to balance global speed with the local consensus-driven style of decision-making. Fluent in several languages and deeply committed to cultural immersion, Laura has become known for blending precision with creativity, humility with authority, and long-term commitment with immediate impact. She champions diversity, particularly encouraging women to take leadership roles and pursue international assignments, believing that exposure to different cultures is essential for confidence and perspective. Today, she continues to refine her leadership approach in Japan's uniquely complex business environment, guided by authenticity, curiosity, and respect for cultural nuance. Leadership, for Dr. Laura Bonamici, is a process of constant growth, challenge, and adaptation. As Global Head of Marketing at Fujitsu, she has learned that leadership in Japan is unlike anywhere else in the world: demanding patience, cultural sensitivity, and an unwavering commitment to authenticity. Upon her arrival in Tokyo, she was tasked by the CEO with driving transformation. Yet, she quickly discovered that while international markets often prize speed and disruption, Japan's consensus-driven decision-making process values nemawashi (informal groundwork), ringi-sho (formal approval circulation), and a deliberate pace. Rather than imposing a foreign model, Laura chose to respect the cultural norms while still pushing for meaningful change. This balancing act has required resilience and an appreciation that transformation cannot be rushed. Trust lies at the heart of her leadership. As a non-Japanese executive, she is acutely aware of perceptions that foreigners may not stay long. To counter this, she invests time in one-on-one interactions, symbolic gestures like delivering speeches in Japanese, and consistent demonstrations of long-term commitment. These actions, while small, become essential trust-building measures that gradually shift perceptions. Laura's leadership style is built on humility, curiosity, and authenticity. She believes in asking questions, even in a culture where questioning may be uncomfortable, framing them in ways that show genuine interest rather than criticism. She uses tools such as workshops, Post-it brainstorming, and agile methodologies to encourage open participation and psychological safety. For her, leadership is not about imposing a style but about weaving together the best aspects of Japanese precision, international innovation, and Fujitsu's own corporate culture. She also emphasises the need to move from being “busy” to truly “impactful.” By deliberately carving out time in her calendar for reflection and creativity, she models the behaviours she wants her team to adopt. This philosophy resonates strongly in Japan, where overwork is common but does not always translate to high impact. For women, she acknowledges both the barriers and the opportunities in Japan. She urges female leaders to “put their hand up” rather than self-censor, and advocates for international assignments to build resilience and global perspective. With Fujitsu's goal of 30% female leadership, she sees systemic change as gradual but achievable through consistent encouragement and role modelling. Ultimately, Laura likens leadership to salt: essential when used wisely, overwhelming when misapplied. Her approach, grounded in authenticity and cultural respect, is a reminder that leadership is both an art and a discipline, particularly in the nuanced environment of Japan. What makes leadership in Japan unique? Leadership in Japan is shaped by consensus-driven decision-making and cultural expectations of humility and harmony. Unlike markets that prioritise speed, Japan values nemawashi and ringi-sho, where alignment is painstakingly built. For Laura, leadership here requires balancing international urgency with local patience. Why do global executives struggle? Executives often arrive expecting to implement rapid change, only to find progress feels slow. They underestimate the importance of trust and long-term commitment. As Laura highlights, without demonstrating persistence and cultural respect, leaders may be dismissed as transient. Is Japan truly risk-averse? Rather than being risk-averse, Laura believes Japan exhibits high uncertainty avoidance. Transformation is not rejected but must be managed through careful consensus-building. She frames this as a shift from rushing decisions to ensuring impact, which aligns with decision intelligence principles. What leadership style actually works? Authenticity, humility, and curiosity are key. Asking questions, even when uncomfortable, models openness and encourages dialogue. Laura avoids imposing a singular “foreign” leadership style, instead blending the strengths of Japanese precision, international innovation, and Fujitsu's own values. How can technology help? Laura leverages agile methodologies, workshops, and digital collaboration tools to break down silos and create psychological safety. She believes technology, such as digital twins and agile design frameworks, enables experimentation without fear, helping bridge the gap between speed and consensus. Does language proficiency matter? Yes, both symbolically and practically. Delivering speeches in Japanese signals respect and commitment. It also reduces the reliance on interpreters, though Laura emphasises trusting interpreters and proofreaders as extensions of leadership. What's the ultimate leadership lesson? Leadership, like salt, must be applied with balance. Too much control overwhelms; too little leaves teams directionless. Laura's ultimate lesson is that leadership is about fostering trust, modelling authenticity, and creating the conditions for impact rather than imposing authority. [00:00] Dr. Laura Bonamici introduces her leadership philosophy, stressing that anything that stretches and challenges you is never easy. She frames leadership as a balance of authenticity and cultural adaptation. [05:20] Discusses her arrival in Japan and mandate from Fujitsu's CEO to drive transformation. She quickly identifies the challenge of aligning international speed with Japan's consensus culture, rooted in nemawashi and ringi-sho. [12:45] Highlights the importance of trust-building as a foreign leader. Shares strategies such as one-on-one meetings, learning Japanese, and consistent presence to counter perceptions of transience. [18:30] Outlines her leadership pillars of humility, curiosity, and authenticity. Explains how asking questions, though culturally uncomfortable, demonstrates genuine interest and encourages dialogue. [25:10] Describes practical tools like workshops, Post-it brainstorming, and agile practices to foster innovation and psychological safety within teams. [32:00] Emphasises the shift from being busy to impactful. She blocks time for reflection and creativity, modelling productive behaviours in contrast to Japan's culture of overwork. [39:15] Addresses the challenges and opportunities for women leaders in Japan. Urges women to put their hand up, avoid self-censoring, and take overseas assignments to build resilience. [45:00] Concludes with her metaphor of leadership as salt — essential in balance, destructive in excess — encapsulating her philosophy of authenticity, cultural sensitivity, and patience. Host Credentials Dr. Greg Story, Ph.D. in Japanese Decision-Making, is President of Dale Carnegie Tokyo Training and Adjunct Professor at Griffith University. He is a two-time winner of the Dale Carnegie “One Carnegie Award” (2018, 2021) and recipient of the Griffith University Business School Outstanding Alumnus Award (2012). As a Dale Carnegie Master Trainer, Greg is certified to deliver globally across all leadership, communication, sales, and presentation programs, including Leadership Training for Results. He has written several books, including three best-sellers — Japan Business Mastery, Japan Sales Mastery, and Japan Presentations Mastery — along with Japan Leadership Mastery and How to Stop Wasting Money on Training. His works have also been translated into Japanese, including Za Eigyō (ザ営業), Purezen no Tatsujin (プレゼンの達人), Torēningu de Okane o Muda ni Suru no wa Yamemashō (トレーニングでお金を無駄にするのはやめましょう), and Gendaiban “Hito o Ugokasu” Rīdā (現代版「人を動かす」リーダー). In addition to his books, Greg publishes daily blogs on LinkedIn, Facebook, and Twitter, offering practical insights on leadership, communication, and Japanese business culture. He is also the host of six weekly podcasts, including The Leadership Japan Series, The Sales Japan Series, The Presentations Japan Series, Japan Business Mastery, and Japan's Top Business Interviews. On YouTube, he produces three weekly shows — The Cutting Edge Japan Business Show, Japan Business Mastery, and Japan's Top Business Interviews — which have become leading resources for executives seeking strategies for success in Japan.

Are concerns about the quality and reliability of economic data — as well as its vulnerabilities to political influences — warranted? Former BLS Commissioner Erica Groshen, who served from 2013 to 2017, Laffer Associates' Arthur Laffer, Harvard Business School's Alberto Cavallo, and Goldman Sachs' Joseph Briggs discuss data quality, political influence, and the future of economic indicators with Allison Nathan on Goldman Sachs Exchanges. This episode explores the latest Top of Mind report. This episode was recorded on August 18, 19, 26, and September 11, 2025. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html. Goldman Sachs does not endorse any candidate or any political party. © 2025 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

What would make you leave a thriving Wall Street career to start something completely new? In this episode of FOMO Sapiens, Patrick McGinnis speaks with Nancy Twine, founder of Briogeo and one of the most influential voices in clean beauty. After seven years at Goldman Sachs, Nancy walked away to build a brand rooted in authenticity and passion. She shares the personal loss that sparked her entrepreneurial journey, how she carved out a unique niche with Briogeo, and what she learned about leadership and letting go of control. Today, after a successful exit, Nancy is focused on mentorship and philanthropy through the Makers Mindset accelerator and the DreamMakers Founders Grant. A must-listen on resilience, innovation, and leading with purpose. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bill and Michael unpack the “Last 8%” of conversations — the toughest parts we often avoid but that carry the most impact. They explore how leaders can build cultures of high connection and high courage, share personal stories from healthcare and startup leadership, and offer strategies for handling tough truths, hiring challenges, and team performance. Bill Benjamin, a global keynote speaker who blends practicality with science in his approach to leadership. With degrees in Mathematics and Computer Science, Bill uses brain-science to help people master emotional intelligence, perform under pressure, and build what he calls a high-performance “Last 8%” culture. Audiences appreciate his high energy and engaging style, whether he is speaking to surgeons, the U.S. Marines, NASA engineers, or executives at Amazon, Intel, and Goldman Sachs. Bill does not just share theory. He is open about the struggles he faced early in his career and how applying the strategies he now teaches made him a stronger leader, husband, and father. He is funny, relatable, and committed to understanding the real challenges organizations face, weaving those directly into his sessions. That is why top organizations from the Mayo Clinic to NASA trust him when performance and leadership matter most. HBR Article:  https://hbr.org/2025/09/the-secret-to-building-a-high-performing-team Website: https://ihhp.com/  

Here's what to expect on the podcast:The internal and external challenges Asian Americans often faceWhat the bamboo ceiling is—and how you can break through itHow therapy and coaching can uncover and shift deep-seated beliefs and self-sabotaging behaviorsThe seven patterns that most commonly show up in people's livesWhy belonging, community, and learning to accept help are essential for growthAnd so much more! About John:John Wang is the host of the Big Asian Energy Show, a motivational speaker, and a leadership coach, helping Asian professionals break through hidden barriers and unlock their potential.After discovering that many successful Asians were being overlooked for leadership roles not because of lack of capability, but because of cultural miscommunication and workplace stereotyping, he started doing research that uncovered why most advice like “just speak up more” often fails Asian American employees.John has been featured on WSJ, CNBC, TEDx, Audible, Amazon, and has clients from Fortune 50 companies like Google, Meta, and Goldman Sachs, blending cultural insight and science-backed strategies to build confidence and visibility. His content on assertiveness and imposter syndrome has reached over 250,000 followers and over 25 million views.John's mission is to inspire a new generation to lead with confidence. His book Big Asian Energy, launched May 2025 (Tiny Reparations/Penguin Randomhouse Publishing), offers even more tools to step into your full power. Connect with John Wang!Website: https://www.bigasianenergy.com/Instagram: https://www.instagram.com/johnwangofficial/TikTok: https://www.tiktok.com/@johnwangbaeLinkedIn: https://www.linkedin.com/in/john-wang-b79ba396/?originalSubdomain=caCheck out John's book, Big Asian Energy: An Unapologetic Guide for Breaking Barriers to Leadership and Success, on Amazon! https://www.amazon.ca/dp/B0DFG2YW9P?ref=cm_sw_r_ffobk_cp_ud_dp_TDEE1XBSGBJJEJKV8D5T&ref_=cm_sw_r_ffobk_cp_ud_dp_TDEE1XBSGBJJEJKV8D5T&social_share=cm_sw_r_ffobk_cp_ud_dp_TDEE1XBSGBJJEJKV8D5T&bestFormat=truePodcast (Spotify): https://open.spotify.com/show/5M7T0HbKqNpJNuFRt3DUEH----- If you're struggling, consider therapy with our sponsor, BetterHelp.Visit https://betterhelp.com/candicesnyder for a 10% discount on your first month of therapy.*This is a paid promotionIf you are in the United States and in crisis, or any other person may be in danger -Suicide & Crisis Lifeline Dial 988----- Connect with Candice Snyder!Website: https://www.podpage.com/passion-purpose-and-possibilities-1/Facebook: https://www.facebook.com/candicebsnyder?_rdrPassion, Purpose, and Possibilities Community Group: https://www.facebook.com/groups/passionpurposeandpossibilitiescommunity/Instagram: https://www.instagram.com/passionpurposepossibilities/LinkedIn: https://www.linkedin.com/in/candicesnyder/Shop For A Cause With Gifts That Give Back to Nonprofits: https://thekindnesscause.com/Fall In Love With Artists And Experience Joy And Calm: https://www.youtube.com/@movenartrelaxationClick this link to receive your FREE TRIAL to The Greenhouse Communityhttps://www.thegreenhousecommunity.com/checkout/the-greenhouse-membership?affiliate_code=11e889

This Day in Legal History: Sandra Day O'Connor Sworn in to SCOTUSOn September 25, 1981, Sandra Day O'Connor was sworn in as the first woman to serve on the United States Supreme Court, breaking a 191-year gender barrier in the nation's highest judicial body. Nominated by President Ronald Reagan, O'Connor's appointment fulfilled a campaign promise to appoint a woman to the Court and was confirmed by the Senate in a unanimous 99-0 vote. A former Arizona state senator and judge on the Arizona Court of Appeals, O'Connor brought to the bench a pragmatic approach rooted in her Western upbringing and legislative experience.Her arrival on the Court was not merely symbolic—it signaled a shift in the perception of women in positions of legal authority and reshaped the public's view of judicial legitimacy. Though she identified as a moderate conservative, O'Connor quickly became a pivotal swing vote in many closely contested cases. Her jurisprudence favored case-by-case balancing over rigid ideological lines, particularly in areas such as abortion rights, affirmative action, and religious liberty.In the landmark Planned Parenthood v. Casey (1992) decision, O'Connor co-authored the controlling opinion that reaffirmed the core holding of Roe v. Wade, while allowing for certain state regulations. She also cast decisive votes in cases involving Title IX, voting rights, and the Establishment Clause. Her influence was especially pronounced in a Court that, during much of her tenure, was deeply divided ideologically.O'Connor's presence helped pave the way for future female justices, including Ruth Bader Ginsburg, Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson. Her swearing-in marked not just the inclusion of a woman's voice on the bench, but a redefinition of judicial neutrality and consensus-building. O'Connor retired in 2006, but her legacy remains foundational to the evolution of the modern Supreme Court and its relationship to gender and law.Apple Inc. and US Bank have both exited enforcement actions by the Consumer Financial Protection Bureau (CFPB) years earlier than originally scheduled. The terminations, posted on the CFPB's website, end the agency's oversight of their compliance with prior settlements. Apple was previously penalized, along with Goldman Sachs, for misleading Apple Card customers and mishandling service issues, resulting in a combined $89 million in penalties and restitution. Though Apple had been subject to five years of compliance monitoring, that obligation was lifted after less than one year. Goldman Sachs remains under CFPB monitoring.US Bank faced enforcement in 2023 for freezing unemployment benefit accounts during the COVID-19 pandemic and was required to pay $20.7 million in penalties and customer redress. Its five-year monitoring period has also ended prematurely. These terminations follow a recent trend of the CFPB closing enforcement cases early, including those involving Navy Federal Credit Union and Toyota Motor Credit Corp., as the agency braces for budget-related staffing reductions. The CFPB, Apple, and US Bank have not commented publicly on the decisions.Apple, US Bank Latest to Exit CFPB Enforcement Actions EarlyThe U.S. Department of Justice is continuing its investigation into New York Attorney General Letitia James over alleged mortgage fraud, reportedly following pressure from President Donald Trump. The probe, led by senior DOJ official Ed Martin, is based in the Eastern District of Virginia and focuses on whether James misrepresented her residence status on mortgage applications. The case originated from a referral by Federal Housing Finance Agency Director Bill Pulte, though James denies any wrongdoing.The investigation had previously stalled after Erik Siebert, the former U.S. attorney overseeing the matter, concluded there wasn't sufficient evidence to press charges. Siebert resigned last week amid internal pressure, and was replaced by Lindsey Halligan, a Trump-aligned attorney recently sworn in as interim U.S. attorney. Trump intensified calls for action with a now-deleted Truth Social post demanding prosecution.Attorney General Pam Bondi, who appointed Martin as a special attorney, has publicly supported continuing the investigation. Her office emphasized that the case was ongoing and not being reopened, signaling a firm stance on pursuing alleged fraud against the government. Halligan, formerly Trump's lawyer in his classified documents case, has not commented on the James probe.Letitia James Mortgage Fraud Probe Is Moving Ahead at DOJ (1)Two Black men, Alan Swanson and Willie Bennett, have received a combined $150,000 settlement from the city of Boston after being wrongly accused in a 1989 murder case that intensified racial tensions. The case involved the killing of Carol Stuart, a pregnant white woman, whose husband falsely claimed they had been abducted by a Black man. Swanson and Bennett were arrested and publicly identified as suspects, though they were never formally charged. The husband later took his own life after his story unraveled, and his brother admitted to helping hide the murder weapon.Bennett will receive $100,000, and Swanson will receive $50,000. In 2023, Boston Mayor Michelle Wu formally apologized to both men following renewed public attention from the HBO series Murder in Boston, which revisited the case and its racially charged aftermath. The episode remains a painful example of how institutional bias and racial profiling distorted justice and harmed innocent people.The settlement also reflects broader efforts by U.S. cities to confront historic injustices in the wake of national reckoning following the 2020 police killing of George Floyd.Black men wrongly linked to 1989 Boston murder get $150,000 settlement | ReutersThe Arizona Supreme Court has rejected a proposal that would have allowed individuals without full law licenses to represent or prosecute criminal defendants after completing a shortened training path. The plan, developed by the Administrative Office of the Courts, aimed to address attorney shortages in rural areas and ease the burden on public defender and prosecutor offices by offering a faster, more affordable route to limited criminal practice. Participants would have undergone two semesters of criminal law classes, a nine-month supervised practice period, and passed a specialized exam.However, the proposal faced strong opposition from prosecutors and public defenders, who warned it could lower public confidence in indigent defense, depress pay rates, and lead to constitutional challenges. Critics also argued the plan might reinforce negative perceptions about the quality of representation for low-income defendants.Arizona already allows non-lawyers to perform limited legal work in areas like family and landlord-tenant law, but this proposal would have been the first to extend that model into criminal defense. The state will continue exploring alternative licensing routes, such as the Lawyer Apprentice Program, which offers a path to licensure for law graduates who fail the bar exam by placing them in supervised legal work for two years.Arizona nixes fast-track lawyer licensing plan for criminal cases | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.Welcome back to another episode of Venture Unlocked, the podcast that takes you behind the scenes of the business of venture capital.In this episode, I had the pleasure of speaking with Mercedes Bent about her fascinating journey from a tech-driven upbringing to becoming a leading venture capitalist. We discussed how her unique background informs her investment philosophy and the importance of originality and non-consensus thinking in today's VC landscape. Our conversation also covered the challenges and opportunities in consumer technology, the transformative impact of AI, and strategies for portfolio construction. One of my key takeaways was the critical role of intuition in identifying exceptional founders, as well as the value of building compounding networks and staying ahead of platform shifts. It was an insightful discussion that offered practical lessons for anyone interested in the future of venture capital. We hope you enjoy the conversation.Thanks for listening to another episode of Venture Unlocked. We hope you enjoyed our conversation with Mercedes. If you'd like to get Venture Unlocked content straight to your inbox, go to ventureunlocked.substack.com and sign up, or go to Apple Podcasts or Spotify and subscribe. Thanks again for listeningAbout Mercedes BentMercedes Bent is a Venture Partner at Lightspeed Venture Partners and Co-Founder of venture firm Premise. At Lightspeed, she focused on early-stage investments in consumer, fintech, multicultural markets, and Latin America. She began her career at the Federal Reserve and Goldman Sachs before moving into the education technology sector with General Assembly. At General Assembly, she helped expand one of the company's key product lines from $2M to $100M in revenue over four years. She joined Lightspeed in 2019 after developing a strong investment perspective in areas such as edtech, VR, and multicultural consumer products. At Lightspeed, she has invested in and worked with companies including Stori, Honeylove, Forage, Magic Eden, Outschool, and Flink. She has also been recognized in industry publications for her contributions to venture capital and efforts to broaden access to entrepreneurship.Lightspeed Venture Partners, founded in 2000, is a global venture capital firm managing over $25 billion in assets with offices across the U.S., Europe, Israel, India, and Southeast Asia. The firm invests from seed to growth stage across enterprise, consumer, fintech, healthcare, and emerging tech. Over the years, Lightspeed has backed more than 500 companies, including Snap, MuleSoft, Affirm, Carta, and Anthropic, and has been part of notable exits like AppDynamics and Nest. With a strong record of helping founders scale and succeed, Lightspeed is recognized as a leading partner for building category-defining companies.During the conversation, we discussed:* Mercedes's Background, Upbringing, and Early Career (1:45)* How Background Informed Firm Values/Culture (4:19)* The Gap in Consumer Technology Investing & Identifying Founders (8:40)* Non-Consensus Investing in Early Stage VC (10:01)* Startup Mentality and KPIs in Fund Management (15:06)* Sourcing vs. Winning Seed Deals – What Matters? (16:19)* Seed Manager vs. Large Fund Business Models (21:21)* Gifted TVPI vs. Earned TVPI, Portfolio Philosophy (26:22)* Consumer Sector's VC Downturn & New Tech Cycles (32:21)* The AI Consumer Technology Wave & Opportunity (35:33)* Identifying Product-Market Pull and Early Leading Indicators (37:08)* Shifts in Distribution Channels in AI (40:09)* Future-casting, Platform Shifts, and AI Companions (43:50)* Lessons from Years in VC & Trusting Intuition (44:27)* Final Thoughts and Takeaways (47:46)I'd love to know what you took away from this conversation with Mercedes. Follow me @SamirKaji and give me your insights and questions with the hashtag #venture unlocked. If you'd like to be considered as a guest or have someone you'd like to hear from (GP or LP), drop me a direct message on X. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com

Annanya Raghavan, Sports Trends Fanalyst on the Google Trends team, joins Cade Massey, Eric Bradlow, and Shane Jensen to share how search data is used to understand and highlight fan engagement, with a particular focus on the WNBA's growing popularity and the broader role of analytics in capturing cultural moments in sports. David Dase, Head of the Southeast Region and Global Co-Head of the Sports Franchise in Investment Banking at Goldman Sachs, joins the show to discuss how the firm is shaping the future of sports as an asset class, from financing teams and arenas to investing in sports-adjacent businesses, highlighting market growth, institutional capital trends, and the increasing importance of brand and fan engagement. Then Cade, Eric and Shane examine the upcoming introduction of automated strike zone challenges in baseball, the game theory behind late-game NFL decisions, and Andrew Percival's data-driven college football rankings, offering a wide-ranging conversation on how analytics and strategy are reshaping modern sports. Hosted on Acast. See acast.com/privacy for more information.

TheoTrade's Don Kaufman is back on Big 3 — and is bearish on all of today's stocks. He points to exuberant A.I. spend limiting upside potential in Broadcom (AVGO), technicals turning against Eli Lilly (LLY), and Goldman Sachs (GS) being "due" for selling action. Don offers his example options trades on the Big 3 while Rick Ducat turns to key levels to watch in the charts.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

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Timestamps• 8:15 – Intel's best day since 1987: +22% after Nvidia's $5B investment. Is this Intel's AI comeback or just Nvidia hedging?• 17:16 – H-1B Visa Whiplash: Trump slaps new fees, Big Tech & Wall Street scramble, workers rush back before midnight.• 35:00 – Apple shares rebound.• 42:30 – Nvidia stock rises on $100B OpenAI partnership news.• 50:00 – Will stock prices come down soon?• 57:00 – Disney stock fallout after the Jimmy Kimmel debacle.• 1:12:00 – Lyft surges 20% after Waymo robotaxi deal in Nashville. Uber vs Lyft.• 1:33:00 – SMH ETF hits all-time high.• 1:39:00 – Build-A-Bear stock update.• 1:41:00 – Steve Carless joins to discuss AI music artists.Intel just had its best day since 1987, surging 22% after Nvidia announced a $5 billion investment in the struggling chipmaker. Is this the start of Intel's AI comeback or just Nvidia hedging its bets? We break down what this move really means for the semiconductor industry and the AI revolution.Meanwhile, Trump's new H-1B visa fees have sent shockwaves through Big Tech and Wall Street. Microsoft, Amazon, Alphabet, and Goldman Sachs scrambled to issue urgent memos as Indian and Chinese workers rushed back to the U.S. before the midnight deadline. Plus, Apple shares rebound, Nvidia pops on a $100 billion OpenAI partnership, and Disney faces major fallout after the Jimmy Kimmel debacle.We also dive into the rideshare wars as Lyft jumps 20% on a Waymo robotaxi deal, Uber vs Lyft face-off, SMH ETF hitting all-time highs, and even Build-A-Bear stock making noise. To close, music industry veteran Steve Carless joins the conversation to explore the future of AI music artists and how tech continues to disrupt every corner of business and culture.#StockMarket #Intel #Nvidia #Apple #Disney #Lyft #Uber #AI #Investing #MarketMondays #SteveCarlessOur Sponsors:* Check out PNC Bank: https://www.pnc.com* Check out Square: https://square.com/go/eylSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of the Investing in Integrity podcast, Ross Overline, CEO and co-founder of Scholars of Finance, welcomes Bill George, Legendary Business leader and former CEO of Medtronic, Harvard Business School professor, and board member at Goldman Sachs, for a candid conversation on authentic leadership in finance. Drawing on decades of executive and boardroom experience, Bill highlights why integrity, emotional intelligence, and purpose-driven decision-making are vital in today's financial landscape. Together, they discuss strategies for combating greed, building sustainable long-term value, and staying true to one's moral compass even in high-stakes environments. The discussion also explores navigating ethical challenges in the age of AI and ensuring finance remains a force for good. Whether you're an aspiring finance professional or a seasoned investor, this episode offers valuable insights on leading with character and transforming business through values-based leadership.Meet Bill George:Bill George is an Executive Education Fellow at Harvard Business School and former chairman and CEO of Medtronic, where he led from 1991 to 2001. Earlier in his career, he held senior roles at Honeywell, Litton Industries, and the U.S. Department of Defense. A prolific author, Bill has written several influential books on authentic leadership, including True North. He has served on the boards of Goldman Sachs, ExxonMobil, Novartis, Target, and the Mayo Clinic. Recognised with honors such as the Bower Award for Business Leadership, Bill is widely respected for advancing values-driven leadership in business and society.

In this episode, I sit down with Mark Campanale, founder of Carbon Tracker and Planet Tracker, best known for introducing one of the most disruptive ideas in climate finance: the carbon bubble.Mark's journey began in his 20s, crossing the Sahara and working in a famine camp, where he first saw how capital, policy, and poverty were deeply linked. After years supporting fair-trade cooperatives in East Africa, he shifted to sustainable finance in London, co-launching the Jupiter Ecology Fund and founding the Social Stock Exchange – until a loss of mission led him to step away. Around that time, he noticed a dangerous blind spot: fossil fuel prospectuses running hundreds of pages mentioned climate change in only a handful of lines. That raised a critical question: how much of the global carbon problem was sitting on corporate balance sheets?No one had run the numbers. So he did.He joined forces with Nick Robins and James Leaton to launch a nonprofit and publish a report – renamed last-minute to Unburnable Carbon.The idea was simple – and terrifying.We have a finite carbon budget if we want to stay under 2°C of warming. But the reserves held by fossil fuel companies – already financed, already capitalized – far exceeded that budget. Mark compared it to a game of musical chairs – but the players were oil majors, national oil companies, and gas producers, all scrambling for the planet's last remaining carbon budget. There aren't enough seats for everyone to win.That meant much of the fossil fuel industry's projected value was based on resources the world couldn't afford to burn. If countries kept their climate promises, those reserves would stay in the ground. And markets weren't ready for that.The report didn't just land. It exploded.Rolling Stone headlined it “Global Warming's Terrifying New Math,” and the term carbon bubble went global. University campaigns launched, the Financial Times ran a feature, and even analysts at JP Morgan and Goldman Sachs called Mark in to brief them.He hadn't meant to start a movement, but once it took off, he knew it needed structure. So he built Carbon Tracker – an independent research group now analyzing over 75 companies, using a traffic-light system to show whether business plans align with the Paris Agreement. Their reports, downloaded tens of thousands of times each month by banks and regulators, speak market language to translate climate risk into financial terms.One of their biggest impacts is that the industry's reserves life has fallen from 50 years to just 23. It didn't happen by accident. It happened because investors stopped believing those reserves would ever be developed.The idea of “stranded assets” has expanded beyond fossil fuels through Planet Tracker, Mark's second initiative applying the same forensic lens to oceans, land use, and natural systems. By following overlooked data, he exposed a deeper conflict between financial markets and the planet's future.Mark is not the loudest voice in the room. But his work has made some of the most powerful institutions take a second look.This is his story.—Connect with SRI360°:Sign up for the free weekly email updateVisit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK—Additional Resources:Mark Campanale LinkedInMark Campanale Twitter/XCarbon Tracker InitiativePlanet Tracker

Should salespeople become influencers? I'm a firm believer in this, and my guest, Michael Manzur, Founder & CEO of Flood Me Social, is back to discuss the importance of thought leadership and influencer marketing. He shares how building genuine influence and community online is the modern path to driving real results.From Audience to Community· You can't just focus on your ideal audience as an influencer—you have to build a community. · Michael explains how sales professionals can use social media platforms like LinkedIn to create meaningful conversations, provide value, and position themselves as trusted thought leaders.· In today's world of AI, influencer salespeople must do more than simply attract an audience—they need to create engagement that fosters stronger connections, leading to more opportunities and qualified leads.Common Mistakes Companies Make with Influencer Campaigns· Michael points out how many organizations jump into influencer campaigns without first aligning their business objectives with their social media and influencer marketing efforts. This often leads to confusion about goals and results.· Companies frequently delegate influencer marketing to already overloaded social media managers, causing burnout and a lack of focus on what's truly driving results.· There's often a disconnect among stakeholders, where campaigns are judged solely on surface-level metrics like impressions or comments, instead of tracking whether those efforts actually lead to sales or real business outcomes.The Impact of AI on Influencer Marketing· AI is beginning to disrupt influencer marketing by allowing brands to experiment with AI-generated creators, sometimes achieving results at a fraction of the traditional cost.· Despite technological changes, Michael noted that “the best practices don't change”—AI influencers still need effective calls to action and strong community engagement to move the needle in sales.Steps for Sales Leaders and Executives· Start by understanding best practices in influencer marketing and ensure every campaign is tied back to clearly defined business objectives and sales targets.· Participate actively in the right communities, not just by broadcasting messages but by engaging—commenting on posts, sharing insights, and building thought leadership, particularly on platforms like LinkedIn.· When running influencer campaigns, carefully select the right creators, create detailed creative briefs, outline clear calls to action, and constantly monitor for results that matter—such as actual leads or conversions, not just likes or impressions."The best way you can access influencer marketing and sales is just by sharing your thoughts in the community that you participate in." - Michael Manzur.Resources· Take a few minutes to check out the Goldman Sachs creator economy article and see for yourself how this massive shift is reshaping marketing and sales. Let this be your motivation to explore influencer campaigns, engage your communities, and make sure you're not left behind.· Revisit episode 644 of the podcast with Micahel and learn more about what he had to say about getting social on social media. · Reach out to Michael on LinkedIn for insights and consulting in faith-based, wellness, or broader B2B influencer marketing

What does it really mean to use entrepreneurship as a force for good? In this episode, Kathy Fettke sits down with powerhouse businesswoman Trixy Castro, who built and sold companies — including one to Goldman Sachs — before launching her most personal mission yet: FreeRent.org. Trixy shares how her upbringing in Los Angeles, where her family relied on the kindness of others for housing, shaped her vision to help families facing rising rents and financial instability. You'll hear how Trixy built massive businesses through grit and determination, and why she is so passionate about givie back today. Through FreeRent.org, she's providing rental assistance and financial education to thousands of hardworking families on the brink of homelessness. LINKS CHECK OUT OUR NEW WEBSITE & BECOME A MEMBER (IT'S FREE)! https://realwealth.com/join-step-1 FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN FREE RealWealth® EDUCATION & TOOLS RealWealth Market Reports: https://realwealth.com/learn/best-places-to-buy-rental-property/ RealWealth Videos: https://realwealth.com/category/video/ RealWealth Assessment™: https://realwealth.com/assessment/ RealWealth® Webinars: https://realwealth.com/webinars/ READ BOOKS BY RealWealth® FOUNDERS The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals Scaling Smart by Rich & Kathy Fettke: https://tinyurl.com/scalingsmart DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com  

In “From Deal Flow to Data Flow: Investing in the Freight Market”, Joe Lynch and Ben Gordon, Founder and Managing Partner of Cambridge Capital, discuss the evolution of investment in the supply chain sector, highlighting the shift from traditional deals to a focus on leveraging data and technology for strategic growth. About Ben Gordon Benjamin Gordon is the Founder and Managing Partner of Cambridge Capital. He draws on a career building, advising, and investing in supply chain companies. Benjamin has led investments in outstanding firms including XPO, Grand Junction, Bringg, Liftit, and others. As CEO of BGSA Holdings, Benjamin has spent his career investing in and helping to build supply chain and technology companies. Benjamin led the firm's efforts, advising on over $1 billion worth of supply chain transactions. Benjamin has worked with firms such as UPS, DHL, Kuehne & Nagel, Agility Logistics, NFI Logistics, GENCO, Nations Express, Raytrans, Echo Global, Dixie, Wilpak, and others. Prior to BGSA Holdings, Ben founded 3PLex, the Internet solution enabling third-party logistics companies to automate their business. Benjamin raised $28 million from blue-chip investors including Morgan Stanley, Goldman Sachs, BancBoston Ventures, CNF, and Ionian. 3PLex was then purchased by Maersk. Prior to 3PLex, Benjamin advised transportation and logistics clients at Mercer Management Consulting. Prior to Mercer, Benjamin worked in his family's transportation business, AMI, where he helped the company expand its logistics operations. Benjamin received a Master's in Business Administration from Harvard Business School and a Bachelor of Arts degree from Yale College. About Cambridge Capital Cambridge Capital is a private equity firm investing in the applied supply chain. The firm provides private equity to finance the expansion, recapitalization or acquisition of growth companies in our sectors. Our philosophy is to invest in companies where our operating expertise and in-depth supply chain knowledge can help our portfolio companies achieve outstanding value. Cambridge Capital was founded in 2009 as the investment affiliate of BG Strategic Advisors (www.bgsa.com), the advisor of choice for a large, growing number of supply chain CEOs. Cambridge Capital leverages BGSA's unique approach to strategy-led investment banking for the supply chain. BGSA is known for its work helping companies achieve outsized returns via targeted acquisitions and premium sales processes, and has worked with category leaders such as UPS, DHL, Agility Logistics, New Breed, NFI, Genco, Nations Express, Raytrans, and others. Our relationship with BGSA gives us deep market expertise, access to outstanding deal flow and people flow, transactional capabilities, additional resources, and a powerful core competency in the supply chain sector. The Partners and Advisory Board members of Cambridge Capital have diverse backgrounds with complementary technical, operating, and financial expertise. The Cambridge Capital team has spent their careers building, growing, and advising outstanding companies in the supply chain sector. They include former leaders of UPS Logistics, Ryder Logistics, ATC Logistics, APL Logistics, Kuehne + Nagel, and other globally recognized firms. Cambridge Capital's professionals know what it takes to build great companies. Key Takeaways: From Deal Flow to Data Flow: Investing in the Freight Market In “From Deal Flow to Data Flow: Investing in the Freight Market”, Joe Lynch and Ben Gordon, Founder and Managing Partner of Cambridge Capital, discuss the evolution of investment in the supply chain sector, highlighting the shift from traditional deals to a focus on leveraging data and technology for strategic growth. A Career Built on Supply Chain Expertise: Ben Gordon's career is defined by his deep involvement in the supply chain sector. He has a history of building, advising, and investing in companies, starting with his family's transportation business and continuing through his work at Mercer Management Consulting, his own company 3PLex, and now with BGSA Holdings and Cambridge Capital. Strategic Private Equity in the Applied Supply Chain: Cambridge Capital is a private equity firm with a specialized focus on the "applied supply chain." This means they're not just providing capital, but are actively involved in helping their portfolio companies grow by leveraging their operational expertise and industry knowledge. Investing in Data and Technology: The podcast title, "From Deal Flow to Data Flow," highlights a key theme. This is exemplified by the acquisition of Greenscreens.ai by Triumph Financial. Greenscreens.ai specializes in using machine learning to provide freight market pricing intelligence. The deal shows a shift from traditional deal-making to a focus on acquiring companies with valuable data and technology. BGSA Holdings as a Strategic Partner: Cambridge Capital is the investment affiliate of BG Strategic Advisors (BGSA Holdings). This relationship provides Cambridge Capital with unique advantages, including deep market expertise, access to deal flow, and a powerful core competency in the supply chain sector. Data as a Competitive Advantage: The Greenscreens.ai acquisition is a perfect case study for this theme. Triumph Financial acquired Greenscreens.ai to transform data into actionable intelligence for the freight industry. The synergy between Greenscreens.ai's pricing models and Triumph's transaction data creates a "virtuous cycle," leading to more accurate pricing and further data generation. Combining Operational and Financial Expertise: The teams at both Cambridge Capital and BGSA are composed of professionals with diverse backgrounds, including former leaders from globally recognized firms like UPS Logistics and Ryder Logistics. This mix of operational and financial expertise allows them to not only identify promising companies but also to actively assist in their growth and value creation. Building Billion-Dollar Businesses: Ben Gordon and Cambridge Capital have a clear objective: to build billion-dollar businesses in the supply chain sector. Their investment strategy is focused on identifying and nurturing companies that have the potential for significant growth and value. Learn More About From Deal Flow to Data Flow: Investing in the Freight Market Ben Gordon | LinkedIn Cambridge Capital | LinkedIn Cambridge Capital BGSA BGSA Supply Chain Conference Triumph Completes Acquisition of Greenscreens.ai Ukraine Logistics Coalition Clarity in a Dangerous World with Ben Gordon Highlights from the BGSA Conference with Ben Gordon Urgent - The Ukraine Logistics Coalition with Ben Gordon Key Takeaways from the BGSA Conference with Ben Gordon The Ukraine Logistics Coalition with Ben Gordon 5 Trends Shaping Logistics with Ben Gordon The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

While the healthcare sector has lagged behind the broader markets, there are pockets of innovation. Asad Haider, head of the US Healthcare Business Unit in Goldman Sachs Research, and Amit Sinha, head of Life Sciences Investing in Goldman Sachs Asset Management, discuss their outlook for the industry. This episode was recorded on September 8 and 15, 2025. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html. Goldman Sachs does not endorse any candidate or any political party. © 2025 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the Federal Reserve convenes to discuss interest rates, revisit a timely podcast episode that dissects how central banks shape global development and whose interests they serve.Description: In the wake of the Feds meeting this week to decide whether to lower interest rates or not,  we rewind to our episode “Storming the Federal Reserve” on the way central banks steer world development and for whom. Laura is joined by former Goldman Sachs manager Naomi Prins, and public ownership researcher Thomas Hanna.  They believe that banking and development could look very different.  This episode was originally released January 2019. “If you're going to go the route of creating money to buy up all the subprime mortgages that were at risk at the crux of the crisis which effectively were more at risk because of how much they were manipulated by derivatives and other things throughout the financial system, you would have spent a fraction in a shorter period of time than what has been spent and continues to be spent on the subsidy to the financial system throughout the world.” Nomi Prins“Postal banking here in the United States has been popular amongst some senators to give the Post Office, which is a publicly owned enterprise, the ability to provide banking services which is common around the rest of the world.”  Thomas HannaGuests:•  Nomi Prins - Former Director, Goldman Sachs and Author, Collusion: How Central Bankers Ruled the World•  Thomas Hanna Research Director, The Democracy Collaborative and Author, Our Common Wealth: The Return of Public Ownership in the United StatesWatch the episode cut airing on PBS stations across the country at our YouTube channelThe Show is listener and viewer supported.  That's thanks to you!  Please donate and become a member.RESOURCES:Related Episodes:•. Revolution at the Federal Reserve - Watch the Episode•  Commonomics / New Economy Episodes - Playlist•  A Public Banking for Public Good  - Watch•  Money:  The Great Corrupter - David Harvey - Watch *Recommended books:• “Collusion: How Central Bankers Ruled the World” by Nomi Prins,  Get the Book• “Permanent Distortion:  How the Financial Markets Abandoned the Real Economy Forever by Nomi Prins, Get the Book• “Our Common Wealth: The Return of Public Ownership in the United States” by Thomas M. Hanna, Get the book(*Bookshop is an online bookstore with a mission to financially support local, independent bookstores. The LF Show is an affiliate of bookshop.org and will receive a small commission if you click through and make a purchase.)  Laura Flanders and Friends Crew: Laura Flanders-Executive Producer, Writer; Sabrina Artel-Supervising Producer; Jeremiah Cothren-Senior Producer; Veronica Delgado-Video Editor, Janet Hernandez-Communications Director; Jeannie Hopper-Audio Director, Podcast & Radio Producer, Audio Editor, Sound Design; Sarah Miller-Development Director, Nat Needham-Editor, Graphic Design emeritus; David Neuman-Senior Video Editor, and Rory O'Conner-Senior Consulting Producer. FOLLOW Laura Flanders and FriendsInstagram: https://www.instagram.com/lauraflandersandfriends/Blueky: https://bsky.app/profile/lfandfriends.bsky.socialFacebook: https://www.facebook.com/LauraFlandersAndFriends/Tiktok: https://www.tiktok.com/@lauraflandersandfriendsYouTube: https://www.youtube.com/channel/UCFLRxVeYcB1H7DbuYZQG-lgLinkedin: https://www.linkedin.com/company/lauraflandersandfriendsPatreon: https://www.patreon.com/lauraflandersandfriendsACCESSIBILITY - The broadcast edition of this episode is available with closed captioned by clicking here for our YouTube Channel

Title: Inside the Secret Network That Billionaires Use to Pay Zero In Taxes with Alex Sonkin Summary: In this episode of Raise the Bar Radio, Seth Bradley welcomes Alex, founder of the Due Diligence Project, to discuss the massive blind spot in tax strategy among CPAs and how his peer-reviewed CPA community solves that. Alex shares how traditional CPA firms, despite servicing ultra-high net worth clients, are often unaware of the vast number of advanced tax mitigation strategies available. His platform introduces vetted tax strategies reviewed by hundreds of independent CPA firms, much like an Amazon or Netflix model for financial services. Rather than relying on static, siloed in-house teams with mediocre solutions, Alex's vision is to empower CPAs and family offices through a Virtual Family Office model. This allows affluent individuals (not just billionaires) to access world-class, peer-reviewed tax and financial planning strategies while maintaining their trusted CPA relationship. The conversation emphasizes humility, proactive due diligence, and massive action as critical principles for success in tax planning and entrepreneurship alike. Links to Watch and Subscribe: https://youtu.be/v8RSrMRslHU Bullet Point Highlights: Most CPAs, even in top firms, are not deeply versed in advanced tax mitigation due to limited time and exposure. The Due Diligence Project functions as an independent, peer-reviewed network, allowing CPAs to tap into the collective knowledge of hundreds of top professionals. Traditional large CPA firms and Wall Street structures are siloed and don't provide open-source best-in-class strategies. The future CPA firm is a Virtual Family Office — proactive, advisory-driven, and built with world-class independent specialists instead of static in-house teams. The Virtual Family Office model brings elite wealth management strategies to affluent individuals (e.g., $10M-$50M net worth), not just billionaires. Humility, curiosity, and willingness to collaborate are essential for CPAs and advisors to truly serve clients at the highest level. Success requires massive action and consistent pursuit of better solutions — complacency kills innovation and wealth creation. Transcript: (Seth Bradley) (00:02.094) What's up, Builders? This is Raise the Bar Radio, where we talk about building wealth, raising capital, and all in all, raising the bar in your business and your life. This is the No BS podcast for capital raisers, investors, and entrepreneurs who are serious about scaling their business and living life on their own terms. I'm Seth Bradley, securities attorney, real estate investor, and entrepreneur, bringing you world-class strategies from the best in the game.   If you're ready to raise more capital, close bigger deals, build a better you, and create true financial freedom, you're in the right place. Let's go. Alex, what's going on, brother? Welcome to the show.   Seth, thank you so much for having me. It's a pleasure.   man. Fellow San Diegan. So, appreciate that and appreciate that you you love the weather like I do.   best weather in the world, All of San Diego County, even if it gets like 10 degrees hotter, it's as good or as better anything else on the planet.   (Seth Bradley) (01:05.698) Yep, yep. Sometimes you gotta go outside of San Diego for a little bit to appreciate it because you forget that every single day is fantastic.   We're not going to get into the June gloom and the May gray because people outside of San Diego, don't want to hear that. uh, know, we get to complain between each other. everyone outside of San Diego, were like, we don't want to know about any of your problems.   Right, Exactly, exactly. All right, man. Well, let's just jump right in, Tell everybody a little bit about your background, about your story, and take it back as far as you like.   Sure, graduated University of Michigan Business School undergrad and became an options trader in Chicago as a member of the Chicago Board of Trade, the Mercantile Exchange, Chicago Board of Options Exchange was a market maker down there for many years and came up with a couple ideas and moved to California. What we do now is we have the largest independent peer review community of CPA firms in the country. We support   hundreds of CPA firms who basically introduced their favorite resources, favorite tax attorneys, favorite strategies. And then as a community and independently, everyone independently vets out every strategy, every resource. And we rank and rate all of the strategies, all of the resources. Very similar to what you'd experience in Amazon or Netflix or the streaming services when you watch a movie or you buy a product on Amazon.   (Alex Sonkin) (02:35.534) you're going to go look for the 4.9 out of five stars and do a quick price comparison. So what we did is we've created essentially an independent peer-of-view ranking and rating system for sophisticated tax strategies and then cost mitigation strategies because the tax code is just way too big. No one knows how many pages there are in the tax code. It's constantly changing. we basically, we didn't even know we were doing this at the time because all we were doing was   putting together advanced tax planning institutes, filling them up with CPA firms, bringing speakers, specialists on to present their ideas. But the magic was happening in the hallway conversations between these tax attorneys and the CPAs in these Q &A sessions. And what we realized was that traditional CPA firms really have no clue how many pages are in the tax code, have no idea how many strategies there are that are available to them that have been fully vetted.   And they don't have the time and the resources to fully vet those strategies out. So we just realized we were onto something and we kept building and building and building. And we just had an event. Our last couple summits, diligence project summits had close to 700 CPA firms on one, close to 847 was our largest summit.   The more eyeballs, the more tax-focused CPAs are looking at the strategies and vetting out the strategies, the more refined the due diligence is and the more new resources they're able to introduce to our network. So we're able to go deeper, wider, and more refined in our due diligence when it comes to tax planning.   Yeah, that's awesome. So you you analyze and put a score on the actual strategy itself as well as the firm.   (Alex Sonkin) (04:25.76) Yeah, everything, right? Because you and I both know there's so many moving parts in our business. And when a CPA firm is dealing with their most, their highest net worth clients, billionaires, centi-millionaires, multi-millionaires, and they have, they're selling an appreciated asset, whether it's real estate or their company or shares in another company they've invested in, they want that sale to be tax efficient. Then they might want that money to be invested in other   parts of their portfolio. want that transition to be efficient. They want all the estate planning to be efficient asset to all these different moving parts. But the area where most CPAs and attorneys are the weakest is in the income tax mitigation part. There's a lot of decent estate planning out there, asset protection, other planning. It's really the income tax mitigation part where very few people are excellent at this.   Financial advisors, attorneys have very little experience with tax court, with audit. They should really not be involved in income tax planning. The CPA firms are the ones who are signing the tax returns. They have the experience with audit. They have the experience with tax court. But they're spread so thin just trying to produce tax returns and financial statements and meet all of the deadlines that they have to meet throughout the year. There's actually very little time for them to do proactive tax planning.   and to complete due diligence and even start the due diligence on a tax strategy. Where do we start? Who do we call? How do we find out if the client's going to go to jail? If there's issues with this? They really need to get their confidence level up at a very high level before they call their clients that you really need to look at the strategy and do this. So that's where we really live is we really there to support the tax focused CPA or the family office that's supporting that.   that ultra high net worth family that's led by a tax focused advisor, hopefully a CPA with at least 10,000, 50,000 hours of experience in auditing tax court, where they could look at the notes, look at, part of, join the due diligence project community, look at the notes, look at the strategies, meet the specialists, communicate with other CPAs in our network to really understand the risk reward of.   (Alex Sonkin) (06:48.088) the strategy when it as how it compares to other possible strategies or combination of strategies to bring to their client.   Yeah, yeah. I mean, I love the overall idea of kind of this Amazon marketplace for CPAs and tax firms and tax strategies. It's like, you know, I know when I'm looking for a new accountant or a new CPA with a different group, with a different real estate group or something, you know, I might have done some good business with one CPA and then some that I did not. And I don't have a consistent person to go to at this point. And it also depends on what we're talking about, right? This, the, the speciality of it. it's a   if we're talking W-2 tax mitigation or we're talking about real estate investment or we're talking about some sort of high cash flow entrepreneurial venture, it really depends. One CPA can't necessarily do all that. Maybe a large CPA firm that has all that stuff in house for sure. But when we're talking about your one CPA that you know that's been filing your tax return for the last 20 years, they're not very specialized in these sorts of things.   Here's what's interesting, Seth. You made some interesting points here. Here's what's interesting. Traditionally, people say, I need a CPA. My current CPA firm is not doing the job. That's kind of par for the course. They don't know what's wrong. They know something's wrong because they know that a lot of billionaires aren't paying any taxes. They're paying this 30, 40 % of their income in taxes. They feel something's wrong. So, I need a new CPA firm. So, what do they do? Hey, can you find me a great CPA firm that's local to me? Why is that important?   Why do you need someone that literally that is that's local to you right away? The business owner is already messing up. That is not the most important thing. Okay, then they'll want someone Okay, forget distance. I'm okay with just meeting them virtually. They need to be a specialist in real estate. That's fine Okay, you've got a real estate portfolio there, especially in real estate, but really That's that's a that's another that's a good question, but it's not the best question. It's not gonna get you to the promised land   (Alex Sonkin) (08:52.366) How fluent is that CPA firm in tax strategies? Are they plugged into a network like ours where they have hundreds and hundreds of independent CPA firms, former partners of KPMG, Deloitte, PWC, Ernst & Young, all proactively vetting strategies and introducing, unless you're part of a due diligence network like ours, you might be part of a very, very large CPA firm.   that also is part of other groups, other associations and none of them know, you know, three, four, five different strategies that would be perfect for mitigating taxes in a specific situation. So going to a large firm that has lots of in-house resources, are those resources the best? Do they have access to the best tax attorneys in the country? If those attorneys are in-house working for a CPA firm,   Or let's just say they're working for Jeff Bezos and Jeff Bezos' family office. Seth, do you think the best tax attorney in the country wants to be W-2 working for a CPA firm or working for a family   Right, right.   No, no. So right away, you've already discounted. You are not going to work with the best tax attorneys in the country. You're going to work with a static, the best attorney that's willing to be W-2, working for a CPA firm, working for a family office. If you look at the top 1000 tax attorneys in the country, you might now be working with number 945. Is that what you want to be like? No, no, no, we're fine. Our tax   (Alex Sonkin) (10:29.484) Our tax planning is done by my CPA and they've got this tax attorney that's the 945th best tax attorney in the country in their space. It's like saying, I'm building this orchestra and my trumpet player, instead of getting the very best trumpet player in the world, I have the 945th best trumpet player playing trumpet. You want to put that on your website? You want to market that? think your client's going to be like, this is going to be awesome. I'm going to have the 945th best.   You   (Alex Sonkin) (10:59.138) Resource in that space giving me planning ideas. Whereas I'm a business owner I've had to get to this point to have a tax problem here to overcome all these challenges and now you're gonna bring me a tax planning solution. That's like D minus That's what's going that's puts par for the course. This is what's going on. What we know is 18 % of Fortune 500 companies are zeroing out their tax returns Okay, just listen to this 18 %   of most profitable companies in the world have a team of attorneys and CPAs that zero out their tax return. That means 82 % have no idea what they're doing on a relative basis. those 82%, we're talking about 82 % of the most profitable 500 companies in the world. What we're saying is their tax planning from our vantage point, it's not that it's not good.   It's like average to below average, whereas their revenue and income is off the charts. That's like a big problem. It's like saying, you know what? We have a basketball team where our point guard, our forwards, and our two guard are really good, but our center is like garbage. You know, we've got like a high school level center, and then we have all-stars at all the other positions. That's not gonna work.   Yeah, yeah. mean, why is that? I mean, it's like, you know, they should have access to the best resources. They should be getting advised by the, you know, the top experts in the industry. But, you know, they're just not. Are they not putting the effort? Do they not have access? Do they not know, like, what's the...   Because the difference is when you look at Amazon and you look at Netflix and all the other streaming services that are providing an independent peer-review because back before Amazon and Netflix we had Blockbuster video and we had Barnes and Noble right and we did do diligence very differently going to all the different Blockbuster videos going into Blockbusters and Noble trying to find a book to buy right it's very different experience now we live in this very different world now with   (Alex Sonkin) (13:09.196) independent peer review and all these things. However, the financial services world was created by who? It was created by people like Bernie Madoff. It was created by Wall Street, right? So everything in the financial services world is really created by Wall Street, people like Bernie Madoff. And so Goldman Sachs doesn't want you to know what Morgan Stanley is doing. Morgan Stanley doesn't want you to know what JP Morgan's doing. And so really the financial services realm is   is kind of built in silos. No, come into the Goldman Sachs silo. Come into Ernst & Young. You don't need to worry about what our competitors are doing, what these other CPA firms are doing. We're Ernst & Young, we're Goldman Sachs, we're JP Morgan. You can have the products and services that we have in our back room. So essentially, when you look at JP Morgan, Ernst & Young, Pricewaterhouse, all these huge shops, they're just stores with back rooms. And it's like shopping at a store.   It's like going to Toys R Us. What do we have in Toys R Us? Well, what do we have in our back room? Whereas when you walk into Amazon, what do you have? When you walk into Netflix, you have the full scale universe, open source. So what we've done is we've basically taken the financial services industry and we've created this open source peer-reviewed model. And we started with sophisticated tax planning because that's where most people are really, really bad at it.   And then we've added cost mitigation and other resources. You know, we're not trying to compete with asset management and money managers and all those other, know, certainly we vet those people out. But, you know, there's millions of people that manage money and our financial advisors. And certainly we do our vetting and due diligence on those people. Where we really differentiate ourselves is the income tax planning resources and solutions. Because what we found is the top biggest   most profitable, most famous CPA firms and law firms, that's their blind spot. That's where they're really, really bad because they don't know how many are in the tax code. They don't have the time and the resources and they don't know who to call to actually start and complete a successful due diligence process for sophisticated tax structure.   (Seth Bradley) (15:29.708) Yeah, yeah. So when you say independent peer review, what exactly does that look like? mean, walk me kind of through that and how that works.   I'll show you like this is what you and any let's say if you're a real estate investor right and you're about to sell let's just say a 10 million dollar asset that has nine million dollars of gain in it you're gonna do the same thing that we've done if you're smart what are you gonna do you're gonna go out there and be like what are all the tax strategies that are possible to help me mitigate this huge tax liquidity event right then you're gonna get a bunch of ideas and then what are you gonna do   You're going to show those ideas to your most trusted financial people who are probably your CPA, your lawyer, your advisors, all these other people that you think are financial gurus and really most of them are not even qualified to comment on the tax structure except your tax-focused CPA who has at least 10,000 hours of experience in audit and tax courts. So really you should only bring this to your CPA. But now you brought it to your attorneys and your advisors.   So they're all going to comment on it because they're financial experts even though they have almost zero experience in auditing the tax court. So what do these people do with this idea? Some of them will like, oh, I don't know, just pay your tax. So you're going to get all sorts of answers. Now, you're the business owner. You have no idea how to quantify these answers. So you're really the tax expert trying to manage all this information and trying to be like, what do I do? And what are you going to do?   you're gonna basically go with what your CPA kind of tells you that they're comfortable with. Now your CPA doesn't know all the strategies, so they might know 10 % of the possible strategies. So you're gonna go with the most comfortable strategy that your CPA is comfortable with, that they've completed their due diligence on, which may be strategy number 443 out of the possible thousand strategies that are out there. And now you have the 443rd best idea.   (Alex Sonkin) (17:35.522) that you're implementing and your ROI on that is going to look just like that. Meanwhile, it's taking you all this effort to create $10 million of asset and it's going to take you just like this to completely give away the tax on that because your CPA is not plugged into an independent peer review environment where they can work with other CPAs who have experience with other resources, be able to ask your questions, get your questions answered, maybe ask another round of questions.   But really at that point, you really need to be dealing with the thought leaders in that space, not some local attorney or other CP that also has no clue what's going on. It has no idea how many pages there are.   Got it. So when somebody comes to, you know, they have that issue, right? And they're trying to find the right CPA that can help them with that specific situation and find that number one best tax strategy. You know, what do they do? Do they come to your website to try to find someone in the network? Because anybody in your network can tap into everybody else in your network and find that optimum strategy.   There's really two ways of doing it. They either find a CPA in our network, which is one of the easiest things to do, or they have their trusted CPA plug into our network and complete their due diligence. That's probably the best way because they are this way. This gives them another warm and fuzzy. Hey, I've had this relationship with my CPA for 20, 30 years. I really like them. I understand the challenges that they're under just because they haven't plugged into the network doesn't mean they're a bad CPA or bad person.   It's like having a, you know, I just bought a gold plated cell phone. It's the greatest cell phone iPhones ever produced. But if I don't plug it into Verizon, if I plug it into Bob's telephone network that only works in four locations in America, I'm gonna have this $5,000 cell phone that's basically just a brick that I could just use as a paper holder. But if I have a normal cell phone, I plug it into Verizon and I can make a phone call from anywhere.   (Alex Sonkin) (19:43.298) That's a much better experience. it's not the quality of it. It's partially the quality of the CPA, but it's more so the quality of the network. and certainly these, the CPAs that really are attracted to us are the ones who have these huge hearts that want to do the very, very best for their clients. And they know that they need to pick up every rock and flip over because they know their clients don't want tax returns and financial statements.   They need those. They don't want any of that. What they really want is proactive tax planning ideas. And what the CPAs don't have time for is that. So they have to create time. And we show CPAs how to create that time. We eliminate all, 95 % of the time. It takes them to complete the due diligence because we just show them the notes. We get them 90, 95 % there. Then they take the notes. They take the resources.   They jump into the tax code and then they complete the last 5-10 % of the due diligence process on their own because they're going to have to actually do a little bit of work to get this done. But we've reduced their time and increased their confidence level in completing this project by a factor of 10x, which is a huge value to them because they don't have the time and they don't have the resource to get this work done, but they want to get it   (Seth Bradley) (21:07.616) the interruption, but we don't do ads. Instead, know that if you're raising capital for real estate, my law firm, RaiseLaw, is here to give you the expert legal guidance you need to raise capital compliantly and structure and close your deal. And if you're looking for a done-for-you fund-to-fund solution, Tribest is the industry's only all-in-one setup and fund administration solution. Visit Raise.Law and Tribest.com to learn more.   Right. Yeah. And I can imagine it takes a certain degree of humility, right, from those CPAs to say, I don't know everything. I'm not just going to make up something. I'm not going to make it up. But I'm not going to do kind of half-assed research for a few minutes and tell you I know everything about the subject. Right? Like, I can admit that I don't know everything. I'm not an expert in every single tax strategy.   You nailed it. mean look we do a whole program about the ten pillars of extraordinary due diligence Curiosity is one of them independence is independence versus group think and you nailed one of those pillars. It's it's it's it's humility and You know being curious being humble when you're the tax expert as you know CPA that's been around for 30 years you like I've seen everything right? That's kind of how you feel   But if you have that idea, I've already seen everything. I already know everything. How many people, by the way, how many pages are there in the tax code? I have no idea. Well, that is that's not congruent. What's congruent is I've been in the industry 30, 35 years. Do I know the tax code? I don't know the tax code. It's constantly changing. I'm humble, but I'm working hard. Yeah, there are sections of tax codes that I know, but it would be awesome to be part of independent peer community of hundreds and hundreds of other tax geeks like me.   where we're chewing, know, we're eating this elephant one bite at a time and working together as a community. That's hard working humility. And if you think about it, those are the kind of people that are winning in every, in your profession, in my profession. Think about a basketball player. It's like the best basketball players, they are working to improve their game every day, every month, every year. As soon as you think, oh, I'm the best. Nobody does that. Kobe, Michael.   (Alex Sonkin) (23:25.034) Everyone was constantly improving their game every offseason even though they were achieving they were the grace of the world So when you see a CPA going, I already know everything. I'm not humble run for the hills You're in big trouble   Right, right. So I mean, I can see where this is. This could actually just change everything, right? I mean, it can change. Like if you get enough CPAs on this network and it's kind of the authority, the accepted way that things are done, it could really just change, you know, set the bar, right? So like, you know, where do you see the CPA firm or the future going? What does it look   Yeah, you know, we started out as the virtual family office hub. We're still the virtual family office hub. What we do is the due diligence project. So we've had a vision, you know, more than 15 years ago where the CPA firm of future, the CPA firm of today is no longer just a CPA firm, right? They're not just an accounting firm looking backwards. What does a CPA firm mean now? They're a proactive looking firm. So they're really   providing advisory services. They're bringing ideas to the table. That is not what accountants traditionally do. So right away, the CPA firm of the future in our world is a virtual family office led not by a money manager or an attorney or a financial advisor. It's led by a tax advisor who really has a tremendous amount of experience with audits, with tax court, with income tax planning.   that's plugged into this community. really let's build Wall Street underneath an elite tax advisor and let's give them vetted best in class peer reviewed resources for estate planning, money management, all the different resources underneath them. And let's make sure all these resources are trained to be part of a team that's led by the captain, which is the head of their family office. But in this case, it's a virtual family office because in our opinion,   (Alex Sonkin) (25:30.732) Like we said, the best people in the world don't necessarily want to be W-2 static living next to the family office or living next to the CPA firm that they support. These resources could be anywhere and everywhere. And it's like Lego pieces. Let's build out a custom build, a virtual family office with your favorite advisors, with your favorite CPA, plug them into due diligence project, and then maybe replace some of the resources with best in class peer reviewed.   I'm going to keep my estate planning attorney. I'm going to keep my CPA, but then let's build out the rest of my virtual family office with resources, specialists, specialized attorneys that my two estate planning attorney and my CPA need to help me do what I need to do and get from point A to point B.   Yeah, yeah, I love that. Let's let's unwind that a little bit. What what exactly is a family office? We have a lot of listeners that are, you know, high net worth individuals, wealthy, probably a high paying job of some sort. And, we still don't know what a family office is. Like, what is a family office? We hear about it all the time. People talk about it. You know, what is it? Is it just, you know, the Trumps and the Bidens that have them or what?   Well, look, when we first started doing this, we had to educate everyone. What is a family office? And there's still people that don't know what a family office is, and that's okay. So traditionally, what a family office is, is when a family or a business owner sells their business, and now they have a big pile of money instead of running their business where they don't need CFOs and C-level executives and marketing people. Now they have a big pile of money. Maybe they're building a real estate portfolio, private equity, various investments.   They, instead of having to make 17 phone calls, hey, I'm gonna call my CPA, I'm gonna call my attorney, I'm gonna call my advisors, they make one phone call to the head of their family office and their family office is gonna house their entire financial team. So their CPAs, their attorneys, their advisors are all part of a family office and there's usually a CEO of that family office.   (Alex Sonkin) (27:36.814) So that structure traditionally can cost anywhere from $250,000 a year up to $2,000, $3,000, $4,000,000 a year if you're dealing with very high net worth billionaires. our idea was to rebuild that structure and make it a virtual family office instead of a single family office or a multi-family office with everyone working W2 in a static place, was let's create a virtual family office environment where we can have a world-class tax attorney support   multiple virtual family offices led by CPAs around the country. And based on what their clients want and need, they may not need a full $250,000 or a million dollar yearly cost. Maybe they can have a family office with $50,000 worth of yearly expenses and they just need, you know, two, three advisors, six meetings a year, get their hands around what you're doing.   And they don't need check writing. They don't need a lot of these other services that maybe a ultra high net worth family needs where they just want to make one phone call instead of 17 phone calls and say, take care of this for me. In the virtual family office model, it's the same one phone call, except now the team underneath that person that's getting the call are vetted best in class peer reviewed resources who might be all around the world who will all get together on a virtual meeting.   to support the client when the client has, hey, I have a liquidity event or I have a tax event or I want to update my plan. Hey, let's bring the team together and let's look at all the moving parts and let's rebuild your plan. But now we're going to take advice and ideas from the smartest people in the world. We're all working together as part of a team.   Got it. Yeah. the virtual family office, makes it seem like that it offers wealth management, the best wealth management, more, it makes it more accessible to more people, right? Like not just billionaires, but maybe lower than that, right? Like maybe we've got $10 million or something like that and we can still get the best of the best.   (Alex Sonkin) (29:42.068) Exactly. And so our idea was, you know, you have these people who are worth $50 million and they can't afford a family office, but they want to, you know, the $50 million, they want to live life too. They want to be able to go play tennis. They want to give time to their synagogue, their churches. They want to do something else besides actually running their own, you know, basically overseeing their $50 million portfolio, which is a full-time job. the problem is they're not qualified to be doing that work.   Yet can they identify investments that they like? Sure. Can they identify the best planning around those investments? They're not schooled in that. So they really should not be involved in their family office. should identify a tax-focused CPA, have them build out a virtual family office for them. And then now they have the benefit of making one phone call instead of 17, which saves them lot of time. And they can now trust the fact that they have best-in-class peer-reviewed resources to give them the very, very best ideas.   So now what happens? Their confidence level goes up. So their time and planning goes down, confidence level goes up, the quality of the solutions goes up, and they're all of a sudden out, they can create a lot more wealth by doing world-class planning because we're seeing a lot of wealth just go away to state and federal governments and unnecessary taxes simply because the team does not know and has not completed their due diligence on all the possibilities.   That's we want.   Yeah, that's incredible, Alex. You know, I want to have you back on the show to maybe get into some of the more of nitty gritty stuff, right? Like what are some of these tax strategies that we might not know about or we might not hear about every single day because we tend to hear about the same ones over and over. And you've probably seen some pretty exotic ones, some very specific ones that people have never even heard of. But, you know, we're running out of time today. But, man, I would love to have a whole episode just kind of based on that.   (Seth Bradley) (31:40.91) But before we jump into the freedom four, you have one last gold nugget for our listeners.   Yeah, you know, just work hard, write your goals down, read your goals and update your goals. You know, there's a magic formula of being able to just writing down your goals, looking at your goals and just updating your goals. Be grateful. I know you get a probably get a lot of people just with gratitude and hard work and all that stuff. writing down your goals is something that very few people do. And of the people that write their goals down, a very high percentage of those people actually achieve those goals. So   simple way of getting successful and I do it and I recommend that little idea to every one of my friends and family.   Yeah, absolutely. you know, I think people sometimes they get caught up in, you know, the the mental stuff, they don't want to jump into that. But goal setting is more of a tangible thing. And all those things you hear about, like whether that's a vision board or affirmations or visualizations or setting goals, like it's all kind of the same, right? It's just even if it's like,   I want to update my tax planning. I want to have a better tax planning team. know, write that down. And every day you look down at all your goals and make them balanced. You know, some of it is they'd give back to the community, have strong relationships with my family members or have no relationships with certain families. I don't know, you know, what the goals are. But balanced goals where you're constantly reviewing those goals and then you're updating those goals. And every day you do something to take a step.   (Alex Sonkin) (33:15.278) towards achieving those goals. Those are little things. It's not a huge deal, but when you do that over time, there's a compound effect to it that is incredible that people just can't appreciate. It's been said, we think we can do a lot more than we do in a year, but we don't realize how much we can do in a five or 10 year period. It's incredible.   much we can do in a five or ten year period if we're just consistent every day for that period of   Absolutely, you get some momentum going over time. All right, let's jump into the Freedom 4. What's the best thing you do to keep your mind and body healthy?   I do strength training six days a week and I actually prefer using a rubber band training. This X3 bar program that's out there. There's a bunch of different competitors now, but it's like a 20, 30 minute training.   Nice, nice. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   (Alex Sonkin) (34:18.968) Great question. You know, I think everyone experiences fears, fear of failure in different areas. And I think you have to attack your fear of failure. Whatever you're scared of, whatever's on your radar that's popping up as a fear, you have to literally identify it and attack it and just prove to yourself that you're really not scared of it.   Love that. What's one actual step our listeners can do right now to start creating more freedom?   They can take action. Action is the key. The real problem is people just sit around, they get in front of themselves. They're too much thinking, too much analysis. What I've seen is people who have achieved incredible, let's just say business success, those people weren't smart enough to know.   that how hard that business was actually going to be to build. They were actually not, if they were smarter, they would have never done the business because they were like, the odds of me actually achieving this business and creating it are so small. I'm just better off not doing it. They weren't that smart. So they just went ahead and jumped into it. And so what I found is just taking massive, massive action. Even if it's a failure, that massive action creates a pattern because it's going to   Success is going to require massive action. And when you have a pattern and know this is going to take massive action and it's okay if it doesn't work out, I'm going to go for it anyway. I'm just going to assume it does work out. So being positive, massive action. If it fails, boom, you learn something and you go do something else and you just keep taking massive action.   (Seth Bradley) (36:10.402) Perfect. Last but not least, how's passive income or entrepreneurship made your life better?   You know, I've been very blessed. 20 years ago, I came up with an idea based on a diet that cured cancer for my aunt, my mother-in-law. And I suggested to my wife and my mother-in-law that they start selling my mother-in-law's cookies that were based on a diet that cured cancer for my mother-in-law. And so now today, we have a company called Go Macro, MacroMars, that my wife and my mother-in-law built based on an entrepreneurial idea that   you know, that I had over 20 years ago. And as soon as we had a little bit of success in the beginning, I knew this was bigger and better than we had even thought of. And I just continually supported my wife and really just in every way I could to watch this opportunity grow. So to me, that's been my my passive, even though, you know, I'm married to this business owner, you know, supporting her and watching this idea grow and flourish into a really   Successful health food company called comacro where we sell these macro bars. They're super delicious   Yeah, that's awesome. Yeah, it's passive for you, maybe not quite as passive for her. I have the same issue with the gyms. You know, they make really good money and it's passive for me, but my wife is running those things, so no.   (Alex Sonkin) (37:31.174) Exactly, well you know she's had to be there to support you so yeah so for her it's passive and it's a great story for her and it's a great successful story for you as well. know how hard it is to build.   Yeah, awesome Alex. The list has been incredible, man. We're gonna let you find out more about you.   DoDiligenceProject.com or info at DoDiligenceProject.com. You can introduce your CPA to us or you can reach out to us if you hate your CPA and want us to recommend a great CPA for you that's already plugged into our...   Easy enough, man, easy enough. All right, brother, thanks for coming on the show.   Seth, it's been my pleasure. Thanks so much for having me.   (Seth Bradley) (38:09.986) Absolutely.   (Seth Bradley) (38:13.944) Thanks for tuning in to Raise the Bar Radio. If you enjoyed today's episode, make sure to subscribe, leave a review, and share it with someone who needs to hear it. Keep pushing, keep building, and keep raising the bar. Until next time, enjoy the journey.   Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en   Alex Sonkin's Links: https://www.linkedin.com/in/alexsonkin/ https://encoursa.com/presenters/alex-sonkin https://www.facebook.com/asonkin/

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The 'Golden Age' is not looking very golden, unless you happen to own actual gold. Government debts and deficits are increasing, Americans are paying 86% of the tariffs (according to Goldman Sachs), and The Fed is expected to crank up the printing presses by lowering interest rates, which will further increase the prices that American consumers pay for goods and services.