Podcasts about investment analyst

Nosipho Radebe is in conversation with Jan Meintjies, Investment Analyst at Denker CapitalSee omnystudio.com/listener for privacy information.

Siya Mbatha, investment analyst Investment Analyst at Old Mutual Investment Group goes through companies news, local and international markets with host Stephen Grootes. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

Welcome back to the Alt Goes Mainstream podcast.Today's episode dives into one of the most topical trends in the evolution of wealth management platforms and their adoption of private markets.We are joined by Tom Cohn and Amita Schultes of Cerity Partners, where they discuss the recent combination of their two respective businesses, Cerity Partners, the $100B+ national wealth management firm, and Agility, a leading OCIO business.Tom and Amita discuss their merger, why there was a need to create customization for wealth investors in private markets, and how bringing on a leading OCIO business takes Cerity Partners' capabilities to a new level as a solutions provider in private markets.Tom is the Chief Solutions Officer and a Partner in Cerity Partners' New York office. He's a member of the firm's Leadership Team. He has over ten years of experience in various investment management roles, previously serving as an Investment Analyst at Spero-Smith Investment Advisors, where he was responsible for due diligence and analysis of third-party managers and assisted in global market and asset allocation research.Amita is a Partner in Cerity Partners' New York office, managing Cerity Partners' OCIO client portfolios. She's a member of the OCIO Investment Committee. Amita brings over 20 years of experience as an investment consultant to bear to the firm. Before joining Cerity Partners, Amita was a Partner and Client Portfolio Manager at Agility, where she served as a voting member of Agility's Investment Committee. Prior to Agility, she was a Partner, Managing Director, and Senior Consultant at Colonial Consulting, serving as an investment consultant for endowments, foundations, and pension plans. She also served as a Senior Consultant at Ibbotson Associates.Tom, Amita, and I had a fascinating discussion. We covered:The why and the how behind Cerity Partners' merger with Agility.How wealth management platforms can balance customization and scalability.Why scale matters in wealth management.How alternative asset managers can differentiate when engaging with the wealth channel.Thanks Tom and Amita for coming on the show to share your views and wisdom on wealth management and private markets.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Introduction to our Sponsor, Ultimus Fund Solutions02:05 Guest Introduction: Tom Cohn and Amita Schultes07:32 Merger Benefits and Synergies08:19 Client Services and Customization09:32 OCIO and Wealth Management Integration10:45 Why Partner Now?11:40 Cultural Alignment and Expertise12:38 Amita's Perspective on the Partnership13:16 Wealth Management as Institutional LPs14:23 Cerity Partners' Institutional Approach14:54 Private Markets Evolution16:25 Operational Excellence in Private Markets17:35 Research and Manager Selection20:56 Investment Objectives and Customization22:27 Institutional and Wealth Client Synergies28:16 Access and Long-term Relationships30:06 Customization and Scalability32:20 Educational Component in Client Investments32:36 Framework for Custom Portfolios33:10 Resource Allocation for Customization33:47 Importance of OCIO Business34:16 Next Innovation in Investment Solutions34:38 Turnkey Solutions for Operational Complexities35:39 Model Solutions and Manager Selection36:34 Combining OCIO and Wealth Management Practices37:32 Evolving Structures in Private Markets37:54 Workflows and Technology in Private Markets38:39 Client Experience and Operational Expertise39:37 Defining Private Markets41:13 Importance of Clear Definitions41:54 Role and Goals of Private Market Investments44:15 Partnerships and Mergers at Cerity Partners47:05 Evaluating Investment Managers49:06 Trust in General Partner Relationships51:16 Identifying Manager's Edge53:24 Training and Methodology in Manager Selection55:51 Challenges for Managers with Wealth Channel Capital56:47 Operational Challenges for Smaller Managers58:06 Future Trends in Alternative Investments01:01:00 Conclusion and Final Thoughts Editing and post-production work for this episode was provided by The Podcast Consultant.

Siya Mbatha, investment analyst Investment Analyst at Old Mutual Investment Group goes through companies news, local and international markets with host Stephen Grootes. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

Nosipho Radebe is in conversation with Kokkie Kooiman, Investment Analyst at Denker Capital Guest Co-Host: Dr Setumo Mohapi, Group CEO at Tafari Capital See omnystudio.com/listener for privacy information.

Nhlanhla Sehume speaks to Simon Brown, Founder & Investment Analyst at Just One LapSee omnystudio.com/listener for privacy information.

Send us a textOn this episode of ‘Network Outdoors The Podcast' Brandon Malson speaks with Tucson, Arizona Chapter Member, Investment Analyst and Outdoorsman, Chris Burwell!Chris shares his story of how he got into deer hunting while growing up in the midwest Illinois and Missouri, how different his experience has been now hunting in the southern desert regions, challenges he's faced getting into pursuing game birds and different wild game, some great stories, and much more!Thank you so much for listening and for your support!If you or someone you know finds value in connecting with other outdoors men & women, please drop us a line and we will get you plugged in.Be sure to follow us on social @networkoutdoors and subscribe to our YouTube Channel: https://www.youtube.com/channel/UCzpCfJXk0eoo0oKiEFPmWIATo stay up-to-date on events, trips and networking opportunities sign up for our email list at our website www.NetworkOutdoors.com.Until next time - signing off!

Nosipho Radebe is in conversation with Kokkie Kooyman, Investment Analyst at Denker CapitalSee omnystudio.com/listener for privacy information.

Nosipho Radebe is in conversation with Simon Brown, Investment Analyst at Just One LapSee omnystudio.com/listener for privacy information.

Send us a textManish speaks to the advantages to Direct Indexing accounts and Tax Loss harvesting and future Fed move in Q4 and Q1 of 2025.

 US equities have continued their winning streak following Donald Trump's victory in the US election. Concerns remain around the long-term impact of this election outcome, particularly for emerging markets. Local equities started the month of December strong, lifted by Naspers' positive results earlier in the week. However, GDP data disappointed on Tuesday, which led to a reversal of equity gains. South Africa's growth prospects remain vulnerable to various factors, but we remain cautiously optimistic about the improving outlook. Thanks for listening! Follow us on Linkedin.

PREVIEW: CHINA: Investment analyst Anne Stevenson-Yang evaluates Beijing's new stimulus plan to rescue debt-laden municipalities, finding it inadequate and worse. More tonight. 1957 Zhou

Keith discusses the current state of the US economy, noting that while it is considered strong by conventional measures, there are four major threats on the horizon that the country is not doing enough to address. He's joined by our guest, macroeconomic expert, Richard Duncan to discuss these topics. Richard proposes a solution that could strengthen the US's competitive position against China. Shifting from Capitalism to Creditism. Also, hear about the risks facing the real estate and stock markets in the near-term, such as the historically high wealth-to-income ratio and the ongoing quantitative tightening by the Federal Reserve. Learn more about Richard's work through his video newsletter, Macro Watch. Use discount code GRE for 50% off at: RichardDuncanEconomics.com Show Notes: GetRichEducation.com/527 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, per conventional measures, today's us. Economy is strong, but there are four vicious threats on the horizon, and we're not doing enough about them. Our macroeconomist guests will discuss that with us today. How alarming is it, and what's the solution to our crises, this week on get rich education,   Speaker 1  0:27   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, who delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from Fort Wayne, Indiana to Fort Lee New Jersey and across 188 nations worldwide. I'm Keith Weinhold, and you are back inside get rich education. We've been here for you, every single week since 2014 coming off of an election last week, this spurs more macroeconomic thought, monetary and fiscal policy, and more than that. And you know, one thing that I'm always looking for are signs of inflation versus deflation, because we live in a long term inflationary world. Well, you wouldn't keep a million bucks under a mattress because it would only be worth 300k in a few decades. But in deflation, you would flip your strategy and actually be a saver. You might keep millions out of the mattress, because deflation would actually increase the purchasing power of every single one of your dollars. Now, I've got a pretty unpopular take for you here at some point, probably now you've got to give the Fed credit for a soft landing. And what does a soft landing mean? Exactly. It means bringing down inflation without putting the economy into a recession. Well, inflation is down to about 2% now, unemployment is still low, near 4% and GDP growth for last quarter came in at 2.8% okay, yes, I sure understand that those benefits are distributed unevenly, but at this point, how much more of a soft landing Do you really want? And by the way, this sure doesn't mean that I love the Federal Reserve. I mean, they get no credit from me for not jumping on inflation sooner, when it peaked two and a half years ago, or even before that point, well, those high consumer prices as a result of that are still with us, and that's a problem, and they got that part wrong. We're about to talk with our global macroeconomic expert, really. He is one of the foremost authorities in the entire world today. We're going to talk about four major catastrophes the US economic future faces. One of those four is our ballooning national debt and deficit. And to review that for you, first, the debt is our overall accumulation of debt over the years now at 36 trillion. And when it comes to these awful, dreadful debt and deficit issues, I will ask our guests the question, when is it game over? Where is that tipping point? What would need to happen and the deficit? Okay, that refers to the annual shortfall, the annual thing, that shortfall that our bloated government keeps coming up with at the end of every year, all right, so therefore revenue minus spending equals deficit. Another way to say that is income minus expenses equals a deficit when the expenses are greater than the income. Well, that figure is near $2 trillion we're spending 2 trillion more than we raise in revenue each year. And here's an example. I'll use real world numbers rounded off to the nearest trillion. So if the government's annual revenue is only 5 trillion and you have to subtract out spending, which is 7 trillion, that could. Gives us an annual deficit of 2 trillion, pretty simple stuff, and that more or less gets added onto our overall debt of 36 trillion. Another major problem is this growing competition from China. Yes, I know that people like to discuss their demographic problems, but still, their population is more than four times the US population, and you learn about what other advantages they have over us and what we direly need to do to catch up. In our guests opinion, these issues incur some rather detailed explanations. So I'm really going to let our guest expert takeover for a while today, this weekend, I will be in San Antonio, Texas. San Antonio is an uptrending real estate market because they are really a beneficiary in distribution with their proximity to Mexico in the near shoring movement that's taking place. And then I will be in Austin, Texas, for a few days, Austin is one of the few major US metros that have seen rents substantially decline recently. I'll bring you next week's show from Austin, where I might talk more about that. Then, from the 20th to the 24th of this month, I'll be in New Orleans at the famed New Orleans investment conference, where they're pulling out all the stops at the 50th anniversary of the event, and that is the longest running investment event in America and perhaps the world. I hope to meet some of you there in New Orleans, just like I do each time I'm at the event. Let's talk about the bigger picture economy that your real estate and investments float within next.   This week's guest is the author of four books analyzing the crises that brought the global economy to the brink of collapse in recent decades. One of the books forecast the 2008 global financial crisis with great accuracy. We're going to discuss future crises here today, before we're done, he has worked as an equities and Investment Analyst, and then he went on to hold some rather esteemed roles at the World Bank in DC and as a consultant to the IMF in Asia. He joins us from Thailand today. He now publishes a video newsletter called macro watch, and long time listeners know that today's guest was also this show's very first guest that was back on GRE podcast episode seven, only 10 years ago now, in November 2014, and he's really become quite the friend of the show, and we've looked out for each other ever since. It's terrific to have back global macro economist Richard Duncan   Richard Duncan  7:46   Keith, hey, thank you for having me back. It's great to speak with you again.   Keith Weinhold  7:50   Oh, it's so good to have you here an entire decade of our lives. And as times change, economies are surely dynamic, and you're so good at spotlighting crises and explaining them in a way to people that they can understand. So Richard, why don't you talk to us now about risks facing the nation? Yes, I'm talking about the United States.   Richard Duncan  8:15   A lot of podcasts focus on all the problems the United States is facing, and it is certainly true that the United States is facing very serious risk. So I'd like to start off this conversation telling you what I think the greatest risk facing our country are. There are four main things I'd like to hit on. The first is something you mentioned to me before in our exchange of emails, is that the US government does have a very high level of government debt relative to GDP, and the budget deficits are large. So that's problem number one. Problem number two, in my opinion, looking at this from where I live in Asia, is that the United States is at risk of being conquered by China in the not too distant future. Risk Number Two. Risk Number three, we have very serious domestic political divisions within the United States. Risk Number four is that our post capitalist economic system, which I call creditism, must have credit growth to survive. If credit contracts, then our economy will spiral into a Great Depression that will be probably worse than the one of the 1930s so those are the big four problems that we have, and it doesn't do anyone any good just to talk about our country's problems if you don't offer a solution to them. So in my opinion, all of these problems can be overcome by accelerating economic growth in the United States, while all of these problems would be made very much worse by anything that causes us economic growth to slow down. The way to make the US economy grow much faster is to have the US Government finance a very, very large investment in the industries and technologies of the future over the next 10 years, starting immediately. The alternative austerity would cause the economy to spiral down into deflation. We'd like your listeners to think of austerity when they hear the word austerity. I'd like them to think of the word death. It's austerity is equal to death. Yeah, the US doesn't have to be a declining power. The first American Century doesn't have to be the last. It can be the first of many. The solution for driving the US economy to grow much more rapidly and solving all four of the problems that I mentioned above is a US sovereign wealth fund. Thank heavens. Both parties now support the establishment of a US sovereign wealth fund. On September 5, former President Trump came out in support of establishing a US sovereign wealth fund, and on the following day, the Biden administration said, then working on this for months and had a plan that they were developing. So this is fantastic news for the United States. It offers great hope for solving all of our greatest problems. And I'd like to spend, you know, a few minutes explaining to your listeners what a US sovereign wealth fund is, yes, urgently necessary, and why both parties have now come to understand why this is important to establish.   Keith Weinhold  11:27   Yeah, please tell us why you think the US sovereign wealth fund is so urgently needed, and what it is because for even longer than the 10 years since you were first here, for about 15 years now, you have championed and promoted this US sovereign wealth fund. You discussed it on CNBC Squawk Box and all over the place. Last year, you presented about it in a speech in DC to 15 members of the House, Ways and Means Committee. So tell us about the US sovereign wealth fund and why you think it's urgently needed.   Richard Duncan  11:56    Let's begin with, what is a sovereign wealth fund? Well, effectively, a sovereign wealth fund is where a country invest in individual companies or even in startups. There are sovereign wealth funds all around the world. Norway has the largest, Singapore has two very effective ones called gdic and Temasek, which had been enormously profitable and successful, and it made the people in Singapore much richer. So a sovereign wealth fund in the United States would be an investment bond financed by the United States government with the US. This investment fund would take stakes in existing companies and also in startup companies, hopefully on a very large scale. Now, some people have asked, Why is this framework necessary? Why do we need a sovereign wealth fund to do that when the government is already making investments in the military, for instance, and funding some R and D research? Well, the difference between what the government is doing now and a sovereign wealth fund is with a sovereign wealth fund, the government would actually keep equity stakes in these companies that they invest in, meaning that when these companies they invest in become enormously profitable, the profits would be owned by every American. The Americans would have the equity stakes in all of the investments that this sovereign wealth fund makes. And it would be a situation where the government provides the financing, but the private sector manages the companies. The government just finances these companies in new industries and new technologies, and the government has the ability to invest on a very much larger scale than the private sector does. For example, The United States has a lot of great companies in the private sector that have accomplished really, truly great things in recent years and long past as well. But these private sector companies cannot invest on the same scale that the Chinese government can. The Chinese government is investing on a much larger scale than any of the American companies could ever dream to invest on. And that's explains why China is overtaking us now technologically, and if they continue to invest at a rapid rate that they're doing currently, then before long, there are going to be far ahead of us technologically and therefore economically, and more worryingly, militarily, the US government has the ability to invest truly on a multi trillion dollar scale over the next decade in new industries and technologies, things like artificial intelligence, quantum computing, nanotech, biotech, genetic engineering and developing energy sources like fusion, and it has the ability to do this on such a large scale that it would be certain to succeed. And once these companies start creating cancer vaccines or fusion, for instance, they would be enormously profitable, and they could be listed on. NASDAQ at multi trillion dollar valuations, and the American public would own equity stakes in these companies, and would then would directly reap the rewards of these profits that these companies would generate. That is what a sovereign wealth fund is, why it's desperately needed, is, well, first of all, we should do it, because we can easily afford to do it. And the results, the breakthroughs, the technological breakthroughs and medical miracles that these sorts of companies would produce, would we really have the shot of curing all the diseases and radically extending life expectancy, developing sources of limitless energy that would bring down the cost of energy radically. Just across the board, it would induce a technological revolution that would turbo charge us economic growth, create UNDRIP wealth, and at the same time, shore up US national security in the face of this growing threat from China. So for all of those reasons, it is urgently necessary. In my opinion.   Keith Weinhold  16:04   both Norway and Singapore have had similar models to this. US sovereign wealth fund, and we certainly think of those two nations as prosperous places, tell me more about why it's a success so the government finances it does that incentivize companies to therefore take more risk?   Richard Duncan  16:25   It allows them to invest more. It allows them to invest on a much larger scale than that. Could if they have to rely on their own funding sources. Rather than investing millions of dollars, they could invest billions of dollars or 10s of billions of dollars. For instance, at the moment, the National Cancer Institute in the United States, this annual budget is $6 billion a year. $6 billion a year is not curing cancer. If we look back a few years ago, the Fed was creating $120 billion a month through quantitative easing per month. So with just 5% of one month of QE, you could double the National Cancer Institute's budget. Now that's not what this sovereign wealth fund would do. That just illustrates the scale. How much greater the scale would be that the government could invest on relative to what is currently being invested at the moment by the government and by the private sector combined.   Keith Weinhold  17:28   Do any critics ever ask about Wait? Is this too much government intervention into the free market? Is this a move away from capitalism? What do you say to those sort of critics?   Richard Duncan  17:38    I say to them that capitalism died in World War One. It certainly didn't survive the 20th century. Now the government. In the 19th century, we had capitalism. The government had very little involvement in the economy then and gold was money. But now gold is no longer money. The Fed creates some money. Government spending is something like nearly $7 trillion out of a GDP. That is around just not quite $30 trillion yet. So the government has been directing the economy going back at least since World War Two. This hasn't been capitalism for a very long time. Under capitalism, the private sector made investments, and some businessmen would make profits from their investments, and they would save that profit as capital and reinvest that capital. That's how capitalism grew. That's why they called it capitalism. It was based on capital accumulation and investment. But that's not how our economic system has worked for decades. Our system now is not driven by investment and saving by the private sector. It's driven by credit creation and consumption and more credit creation and more consumption and our economies has now been transformed from capitalism. It has evolved into creditism, with the government playing the directing role. So total credit in the United States, just last quarter blew through $100 trillion for the first time. By what I mean by total credit is the same thing as total debt. Total credit is equal to total debt. So this is all the debt of all sectors of the economy, the government sector, the household sector, the corporate sector, the financial sector, Fannie Mae and Freddie Mac all the sectors of the economy, it just went through $100 trillion and Breda ism has created very rapid growth, especially all around the world, not only in the United States, because it has allowed the US economy to grow so rapidly and to import so much from other countries that this is why The Asian miracle occurred. I've lived through the Asian miracle because the US has been running massively large trade deficits since the early 1980s and all these countries in Asia have been running massively large trade surpluses, and all this spending that the Americans have been doing has been fueled by this rapidly. Radically expansion of credit. Total credit first went through $1 trillion in 1964 now it's $100,000,000,000,000. 60 years later. Now our system is not capitalism. The government is very involved. Anytime there's any problem with the economy, the government steps in. In 2008 the government prevented a new Great Depression when the private sector the households defaulted on their debts and caused all the banks to fail, and Freddie Mac did fail and had to be taken over by the government. So at that time, we narrowly avoided a Great Depression, because the government increased its budget deficits by more than a trillion dollars a year for four years in a row, and the Fed expanded. The Fed created three and a half trillion dollars between the end of 2007 and 2014, expanding its balance sheet by about five times. So that's not capitalism. We don't have capitalism. So people who are worried about us abandoning capitalism. They're behind the times that happened a long time ago. That shouldn't be a concern. They should be aware now that we are competing against players who don't play by the capitalist rules of little government intervention in the markets we're now competing against China, and China is one giant sovereign wealth fund intent on dominating the world by investing very aggressively in new industries and technologies. In the year 2000 the United States invested, I think, 10 times as much in research and development as China did. But now China is actually investing more in research and development and the US is and that explains why China is ahead in so many areas of technology. They had 5g years before we did. They are the leaders in electric vehicles and batteries. We have to put up 100% tariffs to keep out electric vehicles from China because they're so much better than our electric vehicles. They dominate solar panels. And are worse, they have hypersonic missiles and we don't, and I'm sure they have other military advantages that we don't, because they invest much more aggressively in new industries and technologies than our government does. And if we don't rectify this quickly, then we are soon going to be overtaken by China militarily, and our national security is at risk, much more than most Americans understand. But this realization has slowly grown on policymakers in Washington, and now both parties are worried about this, and this is why we have this growing fear of China, and why we have proposals to limit technology transfers to China, and this is why we've done things like the chips and science act, where the government has agreed to finance a $280 billion investment in new industries and technologies a couple of years ago, with 50 billion of that going into setting up manufacturing facilities within the in the US to create semiconductors, rather than relying solely on Taiwan to obtain all of our semiconductors, because China could take Taiwan at any moment, and then then he would end up with all the semiconductor chips that go into powering artificial intelligence. And whoever develops Artificial General Intelligence first is going to rule the world, and therefore it had better be the United States rather than China, because we don't want to live in a world dominated by China, believe me.    Keith Weinhold  23:26   Well, a lot of macro voices agree with you. About two months ago, we had the president of the Mises Institute here, and the way he characterized things are in the United States. 100 years ago, we had islands of socialism in a sea of capitalism, and today we merely have islands of capitalism in a sea of socialism. Do you see the US sovereign wealth fund being able to solve all four of the United States big problems that you outlined, debt and deficit conquering by China, political division and creditism. Can it solve all four of those?   Richard Duncan  24:04   Yes, it can. So as you know, Keith, a couple of years ago, I published my fourth book. It was called the money revolution. Yeah? How to find the book? Sure, yeah. How to finance the next American century. It was a subtitle. Now I argue that it would be very easy for the US to invest on a multi trillion dollar scale, new industries and new technologies over the next decade, and if we do that through a sovereign wealth fund, then would generate so much growth and be so profitable that instead of causing the government debt to increase, it would actually make the economy so much larger and generate so many more tax revenues, and the government would make so many profits from these companies that it has equity stakes in that it would reduce the government debt in absolute terms, and radically reduce the government debt relative to GDP, which would grow far faster than it has been growing in recent decades. This problem, number one, solved the high level of government debt. A high level of debt to GDP just make the GDP grow a lot faster, and the ratio of debt to GDP will go down. Problem number two is the US is at risk of being conquered by China. We can out invest China. We can invest more than China can afford to invest. We still have the best universities and the best entrepreneurs and scientists. So if we invest on a large enough scale, we will win, and China will not conquer us. Third, if the economy is growing at 7% a year instead of 1% a year, that is going to alleviate a lot of the domestic tensions that exist currently, much of the reason there's the origins of this domestic political divide that we're now suffering from in the US is because such a large part of the population has been left behind when all the factories moved overseas, countries like China and Vietnam, we de industrialized, and the people who Used to have good factory jobs, good, unionized, high paying factory jobs. All those people were left out in the cold, and they're not happy about it. And so if our economy were growing much more rapidly, these people would have much better jobs and much higher salaries, and they would be much happier than they are at the moment. And the final one was our post capitalist system of creditism requires credit growth to survive. So if the government is financing these investments on a multi trillion dollar scale, it's going to make credit expand, and that's going to keep the economy expanding. So yes, it would solve all four of those problems.   Keith Weinhold  26:35   One of those four problems is the debt and the deficit. I want to dive into that more with Richard as it becomes more and more problematic in the United States, and just how far we can kick this can down the road. You're listening to get rich education. We're talking with macro economist Richard Duncan. More, we come back. I'm your host. Keith Weinhold.    Oh, geez. The national average bank account pays less than 1% on your savings. So your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out, instead of earning less than 1% in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I know, because I'm an investor in this myself, earn 10% like me and GRE listeners are. Text family to 66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866    Hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group, NMLS, 420056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridgelendinggroup.com that's Ridgelendinggroup.com   Jim Rickards  28:40   this is Author Jim Rickards. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  28:55   Welcome back to get rich education. We are going big this week, talking about the global economy, although mostly centered on the United States, with macroeconomist Richard Duncan. You can learn more about him at RichardDuncaneconomics.com and Richard I want to talk about the debt in the deficit. The debt is the United States overall debt as it accumulates year after year, and the deficit is just the annual thing, and it's so interesting and concerning. When I look at this, when you look at the line items in the United States government's annual spending, we now see that interest payments are taking the second largest chunk, only to Social Security. Social Security's number one interest is the second biggest expense, even more than defense spending and on Medicare. So I just wonder, as I see the interest payments going up and up and up and projected to be our greatest expense every year. You know, one thing I think about Richard is when our interest payments alone exceed our. Revenue somewhere down the road, is that when it's game over, or is that when we're on the way to game over? So can you talk to us about really, where the concern crops up with the deficit, like I talked about, and with the debt that's now at about $36 trillion   Richard Duncan  30:17   deficit and debt is a real problem. It was the first problem that I mentioned when we kicked off the conversation. There are two components of that. One is the fact that government debt has been increasing very rapidly. At the end of 2007 total government debt was around $9 trillion by 2014 it had doubled to $18 trillion because the government had to respond to the collapse of the private sector in 2008 and prevent us from having a great depression at that time, and then after 2014 it has doubled again, from 18 trillion to $36 trillion now, much of that was due to the need for the government to keep us from having another Great Depression during COVID When government stimulus amounted to about $5 trillion and the Fed created a similar amount over just a two year period. So now we have a much higher level of government debt. But the second component of that is that interest rates are very much higher than they used to be. The federal funds rate went up from 0% a few years back to a high of five and a quarter, actually a range between five and a quarter and five and a half. And recently, the Fed cut the federal funds rate by 50 basis points. But you can still say it is 4.9% let's call it 4.9% so interest rates are far higher than they used to be, but they don't have to remain high. The reason interest rates went up is because the Fed increased the federal funds rate. And the reason the Fed increased the federal funds rate is because we had high rates of inflation. Inflation peaked at 9% or so in 2022 but most recently, the CPI has come back down to 2.4% and the Fed's favorite measure of inflation, that PCE Price Index, has come down to 2.2% and that means that the federal funds rate, which is 4.9% is more than twice as high as the inflation rate is. That shows us that we have very tight monetary policy, and the Fed should be able to reduce interest rates very rapidly going forward. They've told us in their dot plot projections that they expect that interest rates will end this year the federal funds rate at 4.4% and then in next year, at 3.4% and 2026 at 2.9% so that reduction in interest rates will bring down the cost of the total interest expense that you mentioned as being so high currently, the risk, however, is that we get a rebound in inflation. We're inflation to surge again, then interest rates won't come down. In fact, they could go higher. So all of my career, more or less, has been spent in Asia. And the main theme that is run through the global economy, the development of the global economy over the last three and a half decades has been globalization, globalization in the form of us running very large trade deficits with other countries. Literally, the US current account deficit since the early 1980s has been $15 trillion meaning countries with the trade surpluses have had a $15 trillion trade surplus, and that's why they've all been transformed economically as a result of their trade surplus with the US, but what the US got out of this was the ability to buy things made with very low cost labor, and that was extremely disinflationary, that drove down the inflation rate in the US, and that allowed interest rates in the US to come down to very low levels that we've seen during most of this century, Up until the time COVID started. The real danger is now, if we do impose very high trade tariffs on China and our other trading partners, then that will cause a very serious spike in inflation. And it won't just be one off, because, of course, when the tariffs are put in place, that will immediately cause everything to be that much more expensive. The US companies importing goods from abroad would have to pay that tariff, then those US companies would pass those higher expenses on to the consumers, so we'd get an immediate spike in inflation. But that would also mean that the companies abroad it wouldn't be so profitable for them to have their manufacturing facilities abroad, they would try to bring those back home. And given that the unemployment rate in the US is so low already, only 4.1% there's not enough labor to allow these manufacturing facilities to come back to the US and start producing goods in the US. So that would cause an upward spiral. In wages and the wage push inflation spiral of the type that we had in the late 1960s and early 1970s so that is a In other words, tariffs would put an end to globalization, and that would cause a such a severe spike in inflation and interest rates, it would essentially be the death nail for creditism, which requires credit growth to survive. The end of globalization would mean this end of this 30 year global economic boom that the world has enjoyed, and therefore it is a very severe threat, and it would push up the interest expense of the US government, which you let off with, instead of lower interest rates, bringing down the interest expense the government has to pay every year, we would have instead higher interest rates, which would make the amount that the government has to pay on its interest even higher than it is at the moment, and make the budget deficit even larger than it is at the moment, and Make the government debt grow even faster than it's growing at the moment. So let's hope that doesn't happen. Instead, the better approach is to invest, to have the government finance large scale investments in new industries and technologies make the economy grow much more rapidly and we can grow our way out of this debt problem that we're currently in,   Keith Weinhold  36:21   yes more inflation, whether that comes from higher tarrifs or any other sources, will lead to higher interest rates to counteract that higher inflation, which will Yes, pump up the deficit in the debt that much more. And you know, one thing that I like about Richard is, you know, a lot of people complain about things, or say, what are we going to do? Or Things look bad, and Richard is saying some of that, but he offers a way forward with the US sovereign wealth fund, like he talked about before, investing our way out of it. So Richard, if we don't invest in this debt and deficit situation gets worse. It could be a hard question to answer, but I'd like your best guess at how far can we kick the can down the road? When is it game over? How big do our interest payments on the debt and deficit have to get?    Richard Duncan  37:10   the game is never over. No matter how bad things become, humanity will survive and carry on. So even in the Great Depression, people made it through, even through World War Two that resulted, largely as a result of the Great Depression. A lot of people died. 60 million people died, but the game didn't end. So regardless of how bad the economic system system were to become, humanity will survive and there will be a solution. Now, a lot of people put forward that, the idea that they point out that we have this high level of government debt, and their solution is to reduce government spending. The government spends something like $6.8 trillion last year. That was the amount the government spent. The budget deficit last year was 1.8 trillion so in order to eliminate the budget deficit, the government would have to spend $1.8 trillion less. In other words, it would have to cut its spending by 27% but the government cut its spending by 27% they're going to happen. The economy would immediately spiral into a depression. So even that reduction in spending wouldn't balance the budget, because the government revenues would collapse, and they would have even fewer tax revenues, so the deficit would still be there, the economy would collapse, and the unemployment rate would be 20 plus percent, and would just fall further behind China and be at greater risk from a national security perspective, and much more miserable As a society overall. That's why it's always say people should consider think of the words austerity and death at the same time, because austerity would bring about the collapse of our economic system and the Great Depression unless your civilization would survive it.  trying to answer your question more directly, how high could this go? Well, governments don't default on their debt when push comes to shove. If the government's having a hard time paying interest on its debt, the Fed will just print more money. And in a case where between 2008 and 2014 when the Fed created three and a half trillion dollars, they printed a lot of money at that short space of time, and they got away with it without having high rates of inflation. The highest rate of inflation we had during that period was 3.8% in 2011 and by the early months of 2015 we had deflation again for a few months. Prices actually fell negative CPI for a few months in 2015 so if we have a global economy, as we do at the moment, full of we have nearly 8 billion people, I would guess 2 billion of them at least live on less than $5 a day. So the US could get away with having a lot of paper money printing without having higher, very high rates of inflation and the government could finance itself that way for quite a long time. Of course, if we have a closed domestic economy brought about by extremely high tariff barriers, then we would end up with hyperinflation in the United States. But even with hyperinflation, it would be very painful for people who have all their cash in the bank or under their mattress, but people with assets, those asset prices would appreciate more or less in line with the inflation, and it would erode the government debt relative to the size of the economy, because the GDP would grow in nominal terms very rapidly because of the hyperinflation, and the debt, which is not inflation adjusted, would be evaporated away by the inflation.   Keith Weinhold  40:43    right? that's why here at GRE we are all invested and aimed toward prudent use of leverage with assets like real estate and we sure have been the beneficiaries of that wave of inflation that followed COVID there. Richard, well, we're talking about the debt and the deficit somewhat, which, interestingly, has actually doubled since the first time you were here on the show. When you were here, 10 years ago, it was at 18 trillion, and today it's at 36 trillion. We talked about, how far can you kick the can down the road back then? Well, here we are, 10 years later, and it's doubled. Talk to us. You know, you talked previously about the greatest risk to the United States economy. Tell us now, as we are investors here on this show, about the greatest risk to the real estate and stock market, I would just say within the next year. What are some of those risks to those particular markets?   Richard Duncan  41:38   We've already discussed the main risk that high tariffs would potentially cause a new spike of inflation and force the Fed to hike interest rates rather than cutting interest rates. But there are some other risk as well. One is the fact that we already have a very high level of wealth relative to income. Let me back up a second. You were talking about debt doubling since we first spoke 10 years ago. Here's another statistic for you. Just in the last four and a half years, the total wealth of the Americans, all of their assets minus all of their liabilities. In other words, household sector net worth. Since the end of 2019 it has increased by $47 trillion in four and a half years. That's about a 40% increase. Now, $47 trillion is enough to pay off the entire US government tip, which we've been worrying about with $11 trillion left over. So not everything is as bleak as it sounds on the surface. We've had a huge explosion of wealth in the last four and a half years that's been driven by property and also by stocks. The problem now is, is that the level of income the asset prices, are very inflated relative to their historic norms. And one of the ratios that I always keep an eye on is called the wealth to income ratio. It takes the household sector net worth. In other words, the wealth that we were just discussing, which, by the way, is now $164 trillion of wealth owned by the Americans. The wealth divided by income, disposable personal income, this wealth to income ratio is now an extraordinarily high level. The ratio is 785% whereas the average of that ratio going back to 1950 has been 550% the previous two peaks were in the year 2000 when it hit 620 during the NASDAQ bubble, and then that bubble popped, and the stock market crashed, and we had a recession, and it went back to 550 and then it surged to a new peak of 680 during the property bubble. And then that bubble popped, and we almost went into a depression, and that a lot of wealth was destroyed. We had a severe recession. The government had to bail us out from and that ratio went back to 550 again. Now it is just off the charts relative to its previous peaks, because people 680 now it's 785 so people used to suggest that higher asset prices were justified because interest rates were near 0% but even after the Fed hiked interest rates from near 0% to about 5% The asset prices have stayed inflated. That does suggest that asset prices are very inflated and therefore very vulnerable to any sort of shock that could occur, whether geopolitical or economic or domestic political problems. So that's a concern. Another concern is quantitative tightening is still occurring. Quantitative tightening is the opposite of quantitative easing. When, with quantitative easing, the Fed creates money and pumps it into the financial markets, and that tends to make asset prices go up, and it also tends to make interest rates on government debt stay low, because if it pushes up bond prices, it pushes down. Bond yields. Well, now the opposite is occurring. Over the last two years, the Fed has destroyed roughly $2 trillion it created $5 trillion from the end of 2019 till about 2022 during the COVID pandemic, and the policy response to that, the Fed created $5 trillion but now it's destroyed 2 trillion of that five that it created, and is still destroying dollars at the rate of about $60 billion a month, or $700 billion a year. And as it does, as it destroys dollars, it takes dollars out of the financial system, which all other things being the same, tends to make financial conditions tighter, putting upward pressure on bond yields and downward pressure on asset prices. So as this continues, this is a concern, because reduce the liquidity in the system by another $700 billion if it continues for another year, having said that there is still an enormous amount of excess liquidity in the system as a result of all of the money that the Fed has created, going back to 2008 I estimate that the excess liquidity is somewhere around three and a half trillion dollars. If you look at bank reserves and the reverse repos at the Fed is about three and a half trillion dollars of excess liquidity, and the Fed actually has to pay interest to the banks on their bank reserves to hold interest rates up. That's how the Fed controls the federal funds rate now. It pays the banks roughly right now, 4.8% interest on all of the banks bank reserves, and so the banks will not lend money to anyone at less than 4.8% interest, because the Fed will pay them 4.8% interest. Why would they lend to anyone else for less if it suddenly stopped paying interest on these bank reserves, these banks would look around and where would they invest their three and a half trillion dollars in? No one's going to pay them 4.8% or even 3.8% or 2.8% interest rates would plunge because of all the excess liquidity that exists. So this excess liquidity has been a thing that's been driving the economy since COVID started, and it's why we've managed to avoid recession, which everyone is expected to arrive any moment now for the last two and a half years. So there are concerns, but there are also, as always, other reasons for optimism.   Keith Weinhold  47:24   Well, that wealth to income ratio that Richard talked about, that's a calculation that you yourself can do. One's net worth is almost eight times their income now, which is at a historic high, which is one concerning point that Richard brought up. Well, Richard, I want you to tell us about your terrific video newsletter, macro watch unless you have any other last thoughts first.   Richard Duncan  47:51   well, just one last word on the US sovereign wealth fund. Thank you very much for giving me a chance to discuss that and to explain why both Democrats and Republicans are now in favor of establishing a US sovereign wealth fund, one of the few issues that has bipartisan support. And this must come as a surprise to many of your listeners and most Americans, in fact, why have both parties agreed on really setting up a US sovereign wealth fund? So I'm glad I've had a chance to explain it and why it's so urgently necessary. I'd just like to emphasize the extraordinary benefits that this delivers to the American people, both individually and at a national level, individually, in terms of medical breakthroughs and better health and much more rapid economic growth for the economy, so much more wealth and much more national security as well. So I hope the Americans will get on board with this idea and give it their full support, because it's exactly what our country needs to solve all the four issues, the major issues that I laid out at the beginning of this conversation. But with that said, if your listeners would like to learn more about my work, Macrowatch. Microwatch is a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to affect the stock market, property, currencies and commodities. They can find macro watch on my website, which is RichardDuncanEconomics.com that's RichardDuncanEconomics.com Macro Watch has been going on now for 11 years, they'll find more than 100 hours of videos in the microwatch archives. They can begin watching immediately, and they'll receive a new video every couple of weeks. And I'd like to offer your listeners a subscription discount. If they go to Richard Duncan economics.com and hit the subscribe button, they'll be prompted to put in a discount coupon code, if they put it in G, R, E, they can subscribe to macro watch at a 50% discount. That's great. That's GRE so I hope they'll check that out, and at the very least, they can sign up there for my free blog and follow my work that way.   Keith Weinhold  49:56   And I have benefited from consuming macro watch content myself over the years, allowing me to sort of stretch my thought process and go macro, which we don't always do as real estate investors. Oh, Richard, it's been valuable as always, and you really offered a solution, a way forward here, something that's really refreshing. It's been great as always, having you back on the show.   Richard Duncan  50:18   Yeah. Thank you very much. I look forward to the next time   Keith Weinhold  50:21   me too. when it comes to the term capitalism, if that's truly a system that we're no longer in, you know, it seems to get replaced with the word meritocracy, and that is a word that I like, meritocracy, where producers get rewards for being productive, but even that is under attack, and the government just always seems to be stepping in with a safety net. Seemingly everywhere you look, it won't let banks fail. We saw them jump in early last year with Silicon Valley Bank and other bank failures, the government won't let homeowners fail either. I mean, you don't have to think back very far with mortgage loan forbearance in the COVID era, on issues of the debt and deficit. Even Fed Chair Jerome Powell himself has called it unsustainable. That's the word that he used. Like Richard said today, we won't default. We'll just print more. So when it comes to the inflation versus deflation tug of war, the future keeps looking inflationary, but at what rate of inflation? That's what I don't know, and no one really knows. If you like Richard Duncan's content, and you sort of wished he and I's conversation would go on. Well, he is a regular guest here, so I expect him back. But if you're telling yourself, I want more of his content and I want to make it visual at the same time to help really bring this to life, well, visit RichardDuncanEconomics.com hit the subscribe button and get 50% off. That's five zero, 50% off with the discount code. GRE. Happy Veterans Day. Until next week, I'm your host, Keith Weinhold, don't quit your Daydream.   Speaker 2  52:17   Nothing on this show should be considered specific, personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively you   Keith Weinhold  52:46   The preceding program was brought to you by your home for wealth, building, getricheducation.com

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Episode Topic: In this episode of Pay Pod, host Kevin Rosenquist sits down with Cole Riccardi, founder of Authentic, a company revolutionizing the insurance industry through captive insurance programs. Captive insurance allows businesses, especially small ones, to pool resources and create tailored insurance solutions that can return profits to the group if claims are low. Cole shares his journey from being inspired by a horse stable's insurance program to launching Authentic, which is now helping various businesses, from gyms to salons, build their own insurance programs. This episode offers valuable insights into a lesser-known aspect of the insurance industry and how it can benefit small businesses. Lessons You'll Learn Listeners will gain a comprehensive understanding of captive insurance, a concept that allows businesses to take control of their insurance needs, potentially saving money and creating more aligned incentives. Cole Riccardi explains how Authentic simplifies the complex process of setting up these programs, making it accessible to small businesses and affinity groups. The episode also touches on the challenges of entrepreneurship, including the importance of timing and passion when starting a business. Additionally, listeners will learn about the potential for captive insurance to expand into areas like health insurance, offering even more benefits to small businesses. About Our Guest Cole Riccardi is the founder of Authentic, a company that helps businesses build and manage captive insurance programs. Originally from Madison, New Jersey, Cole played lacrosse at Notre Dame before embarking on a career in finance. He worked at Aquiline Capital, where he gained deep insights into the insurance sector. Inspired by a family member's success with a horse stable's captive insurance program, Cole left his stable job to start Authentic in 2022. His passion for the idea and his expertise in insurance have driven Authentic's success, with the company now serving over ten platforms and continuing to grow. Topics Covered The conversation covers the basics of captive insurance, including how it works and why it's beneficial for small businesses. Cole Riccardi explains the process of setting up a captive insurance program, the challenges involved, and how Authentic has streamlined this process to make it accessible to a wider audience. The episode also explores the potential for expanding captive insurance into health insurance, offering even more value to small businesses. Cole shares his journey as an entrepreneur, discussing the risks and rewards of leaving a stable job to pursue a passion-driven idea  

In our latest Local Quarterly Briefing, Andile Hlanti, Investment Analyst, explores key insights from our Quarterly Roundup event, following the end of the second quarter. In this episode we hear from our Best of Breed™ portfolio managers who share their insights on China's market, fixed income forecasts, and the strategies they are exploring post the South African national elections earlier this year. To stay updated on the latest industry and market news from Nedgroup Investments, follow us on LinkedIn or visit nedgroupinvestments.com to learn more. Watch the full episode from our Q2 2024 Quarterly Roundup via the link below. Watch now | Nedgroup Investments Quarterly Roundup | Q2 2024 · LinkedIn · YouTube

In our latest Global Quarterly Briefing, Andile Hlanti, Investment Analyst, unpacks the steady macroeconomic climate of Q2 2024, explores the nuanced bond market, and deciphers the equity and real estate sectors with our global Best of Breed™ portfolio managers. To stay updated on the latest industry and market news from Nedgroup Investments, follow us on LinkedIn or visit nedgroupinvestments.com to learn more. Watch the full episode from our Q2 2024 Global Quarterly Roundup via the link below. Watch now | Nedgroup Investments Global Quarterly Roundup | Q2 2024 · LinkedIn · YouTube

We have friend-of-the pod Jamie Rhode, now a partner at ScreenDoor, back to discuss all things emerging managers and LP investing. Jamie shares her reasons for joining ScreenDoor, and the evolution of the venture landscape since leaving the family office world. The conversation covers the changing perspectives of LPs regarding emerging managers and the unique challenges they face compared to public markets.About Jamie Rhode:Jamie Rhode, CFA, is a Partner at ScreenDoor, an investment platform that supports new and developing managers in raising early-stage institutional venture funds.Prior to Screendoor, Jamie spent over eight years at Verdis Investment Management, a single-family office, where she progressed from Investment Analyst to Principal. Jamie's work at Verdis gave her a deep understanding of the nuances of private market investments and the importance of aligning with the right LPs. Jamie's career began at Bloomberg, where she worked for four years in equity research and credit analysis.Jamie holds a Bachelor of Science in Finance and Marketing from Drexel University and is a licensed Chartered Financial Analyst (CFA). In this episode, we discuss:(01:20) Jamie's transition from managing multi-asset class portfolios in a family office to focusing on early-stage venture and emerging managers(02:00) The unique return profiles offered by early-stage venture and emerging managers(03:09) The challenges and psychological impact of the long feedback loops in venture capital(03:50) Jamie's reasons for joining ScreenDoor and the opportunity to create standardization in the emerging manager space(06:18) The evolution of ScreenDoor and its purpose in the market today(07:59) Expanding ScreenDoor's mandate to invest in funds beyond the first institutional round(10:25) Key questions LPs should ask when considering emerging managers(13:00) Importance of having an investment and decision framework that guides through all market cycles(15:15) Setting a fund target and minimum viable fund size criteria(19:13) Discussing minimum check sizes and their strategic value(21:03) Sourcing capital from family offices and the challenges they face(25:17) ScreenDoor's approach to sourcing emerging venture funds(27:59) The role of spin-outs in the venture capital industry(29:37) Addressing the fragmentation in the seed stage investment landscape(32:29) The impact of reduced capital needs for early-stage startups(35:25) ScreenDoor's support for portfolio GPs in various economic conditions(40:00) The role of LPs in supporting emerging managers and ensuring alignment with their objectives(41:28) The importance of understanding LP motivations and ensuring fit for long-term relationships(44:03) Tailoring pitch decks for different types of LPs(47:00) Jamie's advice for emerging managers: staying humble, thoughtful, and transparentFast Favorites

Jeff Shafer, CEO of CommonGood Capital, speaks with Emmanual Nsanganwa, Investment Analyst at Fortis Green Renewables, on growing up in a small village in Rwanda with little access to power, on starting his own non-profit to provide scientific education to students, the pressure to be a good model of success for others from his village, […]

In this episode of the Market & economic wrap titled "Rand knocked off its pedestal as dollar rises on possible Trump presidency". Multi-manager Investment Analyst, Tumisho Grate discusses the impact of political events in the United Stated on the South Africa Rand and global markets. We delve into the economic implications of a potential second term for Donald Trump as president of the United States. To stay updated on the latest industry and market news from Nedgroup Investments, follow us on LinkedIn or visit our website to learn more. LinkedIn · Website · YouTube

This podcast interview focuses on the entrepreneurial journey that required a 180-degree pivot to find strong product market fit. My guest is Ryan Leitzeiser, Co-founder and CEO of Obie Insurance. Ryan has over 10 years of experience in an executive role in technology and commercial real estate (CRE) investment and development. Having worked at Hudson Capital Investments and as an Investment Analyst at Ram Real Estate, he has a strong background in CRE valuation, underwriting, asset management, and private equity.  In July 2018, he co-founded Obie, a Y Combinator-backed startup that's set out to make some waves in insurance technology. Their mission: To provide a simple, affordable, and transparent insurance experience for landlords and real estate investors. This inspired me, and hence, I invited Ryan to my podcast. We explore what's broken in the world of insurance, particularly when it relates to Real Estate. He shares his experiences and big lessons learned from having to pivot the business. He elaborates on what he did wrong, and the courage it took to correct course - the then turn that into a growth engine that is hard to stop. Last but not least he talks about some of the essential traits to develop to build a business that lasts. Here's one of his quotes Insurance is an admin nightmare for them [Lenders] during the closing process. We provide them with technology and tools as it relates to insurance for their consumers so that mistakes are not made. And ultimately, for a lender, this help that we provide them ultimately unlocks a ton of customers for us. In fact, we have lenders that will charge their customer base a fee, if they don't use us. During this interview, you will learn four things: What traits to look for in employees if you want to attract people who can solve customer problems and provide great experiences. What to do differently if you want your customers to make your solution mandatory for anyone they do business with.  His learnings on growing confidence and commitment from others. What he's learned to be critical behaviors to adhere to in a company if you want to build a business that lasts.  For more information about the guest from this week: Ryan Letzeiser Website: Obie Insurance Subscribe to the Daily SaaS Reflection Get my free, 1 min daily reflection on shaping a B2B SaaS business no one can ignore. Subscribe here Yes, it's actually daily. And yes, people actually stay subscribed (Just see what peer B2B SaaS CEOs say) My promise: It's short. To the point. Inspiring. And valuable. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, we explore Audinate, a key player in the audio-visual (AV) industry, from an investment perspective. We unpack the company's history, innovative products, and financial performance. Joining us in the second half is Ben Richards, Investment Analyst at Seneca Financial Solutions, who provides expert insights into Audinate's investment potential and challenges.In today's episode we cover:Audinate's mission and target customersCompany historyTheir flagship product - DanteFinancial overviewFuture prospects with innovation and expansionGrowth strategy_______Thanks to Superhero for proudly supporting this series. Superhero is Australia's best-value online share trading platform as awarded by Money Magazine three years running. They're feature-packed for a fraction of the cost, including $2 brokerage. Get Invested, trade for $2 with Superhero. $2 brokerage is for trades up to $20k and in the relevant currency. Ts&Cs do apply and you can read them or download the Superhero app at superhero.com.au. Superhero does not provide financial advice and you should consider whether the product is right for you.—------Have an investing question?Ask via our website and we'll answer it on the podcast.Join the conversation in the Facebook Discussion GroupOr get put in touch with a professional financial advisor by filling out this formWant more Equity Mates?Sign up to our email to keep up with business news Listen to our basics-of-investing podcast: Get Started Investing (Apple | Spotify)Watch Equity Mates on YouTube—------In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. —------Equity Mates Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we delve into the Q1 bond market overview, explore the global interest rate outlook for 2024, and hear from a seasoned global manager on achieving superior performance in multi-asset fixed income portfolios. Plus, discover why our global equity manager is optimistic about a leading insurance broker. Tune into this insightful podcast hosted by Investment Analyst, Andile Hlanti, for the latest updates on global markets. To stay updated on the latest industry and market news from Nedgroup Investments, follow us on LinkedIn or visit nedgroupinvestments.com to learn more. Watch the full episodes from our Global Quarterly Roundup via the link below. Watch now | Nedgroup Investments Global Quarterly Roundup | Q1 2024 · LinkedIn · YouTube

In this episode, we explore the global and local fixed income market, assess South African bonds versus equities, and gain valuable 2024 market outlooks. Discover why our multi-asset portfolio manager favors European equities over US equities. Plus, join the discussion on the promising prospects of the commodity sector for 2024. Get an update on local markets in this short podcast hosted by Investment Analyst, Andile Hlanti. To stay updated on the latest industry and market news from Nedgroup Investments, follow us on LinkedIn or visit nedgroupinvestments.com to learn more. Watch the full episodes from our Quarterly Roundup via the link below. Watch now | Nedgroup Investments Quarterly Roundup | Q1 2024 · LinkedIn · YouTube

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bailey Lipschultz, Bloomberg News Equities Reporter, talks GameStop and recent meme stock mania. Shelby McFaddin, Investment Analyst at Motley Fool Asset Management, discusses her outlook for the markets. Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, talks about Reddit forging a pact with OpenAI. Ryan Fox, Bloomberg Intelligence Analyst Covering Paper Packaging, discusses his recent report, on his mid year outlook for box shipments. Shaheen Contractor, Bloomberg Intelligence Senior ESG Strategist, talks about her outlook for ESG ETFs.Hosts: Paul Sweeney and Alix Steel See omnystudio.com/listener for privacy information.

Mastering the Art of Business Acquisition: Jeff Villwock's Journeyhttp://www.jeffvillwock.com/Unlocking Business Success Through Acquisition with JeffIn this episode of the Walk in Victory Podcast, host NaRon Tillman, along with guest Jeff, explores the powerful impact of entrepreneurship and business acquisition. Broadcasting from Queens, New York, they dive into Jeff's extensive career spanning investment banking, running a book distribution company, and his latest venture, Acquisitions Professor. Jeff shares his journey through three distinct career phases, amassing over $2.6 billion in transactions, and the challenges and triumphs of purchasing a business during COVID-19. This episode offers valuable insights into overcoming adversity, leveraging personal strengths in business acquisition, and the importance of effective leadership and team dynamics. Jeff also discusses his role in coaching individuals on acquiring businesses successfully, emphasizing the significance of tenacity and the willingness to learn over formal education. This conversation aims to inspire listeners to explore entrepreneurship and acquisition as viable paths to financial independence and success.Time Line00:00 Introduction to Walk in Victory Podcast00:33 Meet the Host: NaRon Tillman00:45 The Essence of Entrepreneurship and Success03:22 Guest Spotlight: Jeff's Journey from Investment Analyst to CEO06:51 Navigating Business Challenges and Achievements14:54 Leadership, Team Building, and Overcoming Adversity18:08 Jeff's Personal Philosophy on Success and Moving Forward22:02 Retirement and the Return to Business23:59 The Harsh Reality of Startups and an Alternative Path24:50 The Benefits of Buying Over Starting a Business25:36 No Money Down? The Art of Acquiring Businesses25:59 Personal Experiences and Expanding Horizons29:03 Introducing Acquisitions Professor: A New Venture33:06 The Importance of the Right Fit and Commitment41:28 The First 90 Days: A Strategy for New Owners45:41 Final Thoughts and EncouragementBecome a supporter of this podcast: https://www.spreaker.com/podcast/walk-in-victory--4078479/support.

Summary: Anthony and I talk all about his path to development, development process, and the new Forge Apartments from on site at Raleigh Iron Works.________________________________________________________Sponsor: This show is supported by the Top Five Newsletter. If you want a simple and to-the-point update on Raleigh commercial development you can subscribe to the Top Five. It's free if you want it to be!________________________________________________________Big Take Aways:- A greenway system, like a chain, is only as strong as its weakest link.- The challenges and opportunities of adaptive reuse development.- The importance of having grace with critique and the impact of constraints.________________________________________________________About Anthony:Anthony Smithson manages ongoing development and construction activities at Grubb Ventures, including many of our award-winning multifamily communities and mixed-use commercial projects.He began his career in commercial real estate as an Investment Analyst and Project Manager for Grubb Properties, where he managed the repositioning of several office portfolios and the development and construction of multifamily communities in North Carolina. Prior to transitioning into commercial real estate, Anthony worked as a structural engineer, designing office buildings, mixed-use developments, multifamily communities, and retail centers.In 2011, Anthony earned his MBA, with concentrations in investment finance and real estate, from Babson College in Wellesley, Massachusetts, and he holds a B.S. in Civil Engineering from the Rose-Hulman Institute of Technology.  Connect with Anthony: Website | LinkedIn | InstagramMentioned in the show:- Modpools- Forge at Raleigh Iron Works- Book: Ann Lamott - Bird By Bird- Book: Christopher Alexander - A Pattern Language- Book: Keith Ferrazzi - Never Eat Alone- Book: Yvon Chouinard - Let My People Go Surfing- Book: Roman Mars - The 99% Invisible City- Book: Robert Caro - The Power Broker________________________________________________________Sponsor: This show is supported by the Top Five Newsletter. If you want a simple and to-the-point update on Raleigh commercial development you can subscribe to the Top Five. It's free if you want it to be!Show Notes: Welcome to Dirt NC where we talk all about the places and spaces of North Carolina and the people who make them awesome, I am your host Jed Byrne.Throughout my career in engineering, construction, finance, and development, I have covered just about all sides of the land use ecosystem. This show creates an opportunity for me to share what I have learned with you as well as introduce you to some of my friends, both new and old who are doing transformative work.With each episode of Dirt NC my goal is to make sure you walk away learning something new about la

In this Sports Geek Throwback episode, Sean Callanan interviews Paul Rogers who was at AS Roma, and now Investment Analyst at Raptor Group. They discussed localising content for international fanbase. Show notes - https://sportsgeekhq.com/podcast/throwback/localising-content-for-international-fanbase-paul-rogers

Ken “Mr. Biz” Wentworth is a strategic business partner who works with small business owners to help them operate more profitably and more efficiently. His most recent book, “Pathway to Profits”, recently released & is available on Amazon. His first book, “How to Be a Cash Flow Pro” was an Amazon best-seller. During his corporate career, Ken developed a diverse skillset by working in many different roles – Accountant, Investment Analyst, Operations Manager, Planning & Analysis Director and CFO for several different businesses. Academically, he has earned a BA in Accounting and an Honors Master's Degree in Financial Management. Learn more at www.MrBizSolutions.com. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/LinkedIn: https://www.linkedin.com/in/jondwoskin/ Email: jon@jondwoskin.com Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!   Connect with Ken “Mr. Biz” Wentworth: Website: www.MrBizSolutions.com Twitter: @MrBizTweets LinkedIn: https://www.linkedin.com/in/ken-mr-biz%E2%80%8B-wentworth/ Facebook: https://www.facebook.com/MrBizSolutions/?ref=bookmarks *E – explicit language may be used in this podcast.

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Steve Man, Global Autos and Industrials Research Analyst, discusses Tesla deliveries. Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Apple's support levels. Shelby McFaddin, Investment Analyst at Motley Fool Asset Management, discusses her outlook for the markets. Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist, joins to look at this week's economic data in the U.S. Lukasz Tomicki, Founder and Managing Partner, at LRT Capital Management, discusses the latest on the markets.Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.

Natalie Helmbold, Investment Analyst, is in conversation with Lara Dalmeyer, co-portfolio manager of the Nedgroup Investments Flexible Income Fund, in this podcast titled “Not all Income Funds are created equal”. They speak about the significant differences in income funds and how to spot them, the importance of understanding the risks associated with income funds and what investors can do to compensate for them. Tune in to this insightful podcast to learn and hear more about how Abax Investments' portfolio management strategy for the Flexible Income Fund has enabled the fund to deliver consistent returns. The Nedgroup Investments Flagship Fund Range consists of five multi-asset funds that are suitable for investors across all risk profiles. To learn more about our Flagship Fund Range, visit: nedgroupinvestments.com

Oggi digressione nel mondo delle Start-up, del Venture Capital e del Private Equity con il fondatore e CEO di Vertis, che ci racconterà l'affasciante ecosistema dell'imprenditoria e di come colossi che oggi dominano Wall Street un tempo erano solo idee e garage che grazie alla visione di fondi di VC e PE sono diventate le straordinarie realtà che conosciamo oggi. Bonus track: un grande discorso di un grande start-upper, geniale e visionario. www.vertis.it Per informazioni sul Master in Investment Analyst: https://master.univertis.it/ Seguiteci anche su Instagram! https://instagram.com/thebull_finance?igshid=OGQ5ZDc2ODk2ZA =============================================== #ad #Scalablecapital

Natalie Helmbold, Investment Analyst, is in conversation with Lara Dalmeyer, co-portfolio manager of the Nedgroup Investments Flexible Income Fund, in this podcast titled “Not all Income Funds are created equal”. They speak about the significant differences in income funds and how to spot them, the importance of understanding the risks associated with income funds and what investors can do to compensate for them. Tune in to this insightful podcast to learn and hear more about how Abax Investments’ portfolio management strategy for the Flexible Income Fund has enabled the fund to deliver consistent returns. The Nedgroup Investments Flagship Fund Range consists of five multi-asset funds that are suitable for investors across all risk profiles. To learn more about our Flagship Fund Range, visit: nedgroupinvestments.com LinkedIn · YouTube

In this episode we discuss what led to the outperformance of global equity markets in 2023. A seasoned emerging markets portfolio manager talks us through how he was positioned last year. We ask a global equity manager about his views on the healthcare sector. We end this episode with a deep dive into major global property themes and how they are likely to play out. Tune in to this insightful podcast hosted by Investment Analyst, Andile Hlanti, for the latest updates on global markets. To stay updated on the latest industry and market news from Nedgroup Investments, follow us on LinkedIn or visit nedgroupinvestments.com

In this episode, Rusty Vanneman and Robyn Murray are joined by Ron Ahluwalia, Mili Rosen and Will Girton from Brinker Capital's award winning due diligence team. Ron Ahluwalia is a Vice President, Senior Portfolio Manager at Brinker Capital. In this role, he is responsible for the portfolio management, strategy planning, and communication of multi-asset class portfolios for high net worth clients and institutions. Ron has over 18 years of industry experience. Mili Rosen works on the Investment Due Diligence team as a Senior Investment Analyst covering a variety of managers on the firm's OPS/Brinker Capital platforms. Asset class coverage includes domestic and international equities, fixed income, real assets, alternatives, and private equity across various vehicles (i.e., SMAs, ETFs, Mutual Funds, LPs). Will Girton is an Investment Analyst on Brinker's award winning Due Diligence team.Key Takeaways[07:12] - How many managers, strategies and research reports does the entire Brinker due diligence team take on each year?[08:16] - Why is money manager due diligence so important to building out investment portfolios?[09:40] - How often do they uncover “a snake in the attic,” so to speak, while doing due diligence?[10:48] - How do the due diligence requirements differ when you are building out a “supermarket of strategies?”[12:52] - How do they go about finding new managers? Are there certain characteristics they screen for?[16:51] - How does Brinker Capital's due diligence approach differ from other firms?[23:27] - In the current environment, where is advisor demand and what are the strategies that people want?[25:42] - Favorite money managers they've encountered over the years and why did they like them so much?[31:15] - Advice for those wanting to enter the investment management profession?[33:31] - Three characteristics that Ron looks for when hiring a due diligence analyst.[35:55] - What investment ideas are looking particularly attractive to the team right now?Quotes[18:05] - "We really treat due diligence as an endogenous cycle. It never really stops, it's not a ‘set it and forget it' mentality, so [while] performance is very important…just focusing on performance is a very quick way to fail.'” ~ Mili Rosen[35:03] - "I think communication skills are something that are very important. The ability to relate to people, particularly when you are serving clients on the outside [is so important].  Just the ability to find common ground and have a true, meaningful conversation that isn't totally buttoned up…[and] having that ability to…have people lower their guard with you, I think that is a critical aspect as well.” ~ Ron AhluwaliaLinksRon Ahluwalia on LinkedInMili Rosen on LinkedInWill Girton on LinkedInBrinker CapitalConnect with UsMeet Rusty Vanneman, Orion's Chief Investment OfficerCheck Out All of Orion's PodcastsPower Your Growth with OrionDisclosure(s) ~ Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.

Callie Cox, Investment Analyst at eToro, discusses investing strategies and outlook for the markets and Fed in 2024.  Jill Blanchard, President of Enterprise Client Solutions at Advantage, joins to discuss retail outlook and consumer health.  Tim Craighead, Senior European Strategist with Bloomberg Intelligence, joins to discuss the annual Bloomberg publication of 50 companies to watch.  Philip Colmar, managing partner and global strategist at MRB Partners, joins to talk markets and investing. Hosted by Paul Sweeney and Lisa MateoSee omnystudio.com/listener for privacy information.

Our CEO & Chief Investment Officer, Peter Arender, and Fortress' Investment Analyst, Rashada Lopez, join us for the season finale of Do It Fuh Grantley to officially introduce our newest US dollar funds.This episode is especially for Barbadians whose hard-earned US dollars could be doing so much more than sitting in their bank account. Discover more about how people based in Barbados and earning US dollars can earn even more in both bond and equity investments through our World Growth Fund and our World Fixed Income Fund.Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions. Want to get in touch? DM @fortressfundmanagers on Instagram or Facebook Email us at info@fortressfund.com

Ashish Swarup is a Portfolio Manager and Investment Analyst at Aikya Investment Management. He's pitching a stock at the Hearts & Minds conference, and ahead of his appearance he joins us to discuss emerging markets, and two stock deep dives - Uni-President Enterprises Corporation and Kotak Mahindra Bank. There's a 20% discount available exclusively for the Equity Mates Community.*Which means the Hearts and Minds conference ticket price for Equity Mates Community: $400*Ticket Link: https://hubs.la/Q024hRFk0 Discount Code: EQUITYMATES2023If you want to go beyond the podcast and learn more, check out our accompanying email. Come say hi to us here.*****In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing Podcast acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Equity Mates Investing Podcast is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.Equity Mates is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

This week's guest: On this week's Just DAO It!, we welcome on guest, Navin. Navin is the Co-Founder of Samudai, a DAO project management platform that enables collaboration and bounty management for admins, project managers, and contributors. Prior to founding Samudai, Navin was a consultant at Capco Innovation & Design Labs, an Investment Analyst at Lunar Ventures, a Project Manager at ICG, and a consultant at RedSeer Consulting. In addition to his impressive resume, Navin is a crypto OG and has contributed to the space for the past three years.News of the week:Are DAOs Overhyped and Unworkable? Lessons From the Front LinesHundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury SplitFrom Fukuoka to the World? The Japanese DAO Trying to Shake Up Sports FandomCrypto Companies form Texas Blockchain Group to Advocate for Clear RegulationsAI Will Reinvent DAOs and Tokenized Models will be Valuable: Vance SpencerFind us on Twitter:@0xNavin@Samudaixyz@MIDAODS@JustDAOItPod@0xThriller@leohenkels

Devin: What do you see as your superpower?Dorian: I look at my superpower as a blended cocktail of perseverance, humility, and true empathy.“Funding Hope is one of the good things that came out of Covid,” says the company's founder, Dorian Dickinson. “Prior to Covid, I was doing rural development and economic development work, mostly in conflict zones and developing countries.”“When Covid hit, my business went from 100 to 0 in about 48 hours,” he says. He began thinking about how he could deploy his experience abroad here at home.“It always circled back to funding,” Dorian says. The key being, his experience showed, “funding that really hit the ground really reached the people most in need in communities that could then drive economic development activity in their community.”Success in a community doesn't stop there. “That then would expand regionally,” he says. “At the end of the day, it would create a safer, healthier, cleaner environment for all.”Today, Funding Hope is live, FINRA-registered and taking funding applications. He has a message for investors:These communities that we're working in, which are distressed, at-risk in rural zip codes across America, are ripe with potential, but they're starving for capital. This is an opportunity for us to connect everyday investors to these small business owners, entrepreneurs and innovators who are also contributing to sustainability. Our target [investors] are committed to helping achieve UN Sustainable development goals in these communities because, at the end of the day, we're going to end up with safer, healthier, cleaner communities.Dorian has developed impact in his career by deploying a triple cocktail of superpowers, perseverance, humility and empathy.AI Episode Summary* Dorian Dickinson is the co-founder and managing director of Funding Hope, a crowdfunding site targeting solutions to big problems at the community level.* Dickinson believes that crowdfunding can be a part of the solution to these problems by using investment dollars from ordinary people to address economic development challenges in distressed rural communities.* He started Funding Hope after his previous business in rural and economic development was severely impacted by the COVID-19 pandemic.* Funding Hope aims to get money into the hands of the people most in need and support small business owners, entrepreneurs, and innovators in rural areas.* The platform is vetting issuers looking to raise between $500,000 and $5 million and actively helps them target potential investors and drive funding for their projects.* Dickinson's career has taken him to conflict zones and developing countries, where he has worked on rural development projects.* One of his most memorable experiences was in Kabul, Afghanistan, where a 12-year-old boy expressed hope for a better future due to the work Dickinson was doing.* Dickinson believes his superpower is a blend of perseverance, humility, and empathy, which allow him to push through challenges, understand his limitations, and connect with the needs of others.* He advises others to step outside themselves, listen, and learn from different perspectives in order to improve their ability to help others.* To connect with Funding Hope and Dickinson, visit the Funding Hope website and sign up to receive their newsletter or become an investor. Dickinson can also be found on LinkedIn, Instagram, and Facebook.How to Develop the Triple Cocktail As a SuperpowerDorian explains how his superpowers, perseverance, humility and empathy work together:My background has given me the wherewithal to push through any difficulty or challenge and continue to pivot when necessary to see the light at the end of the tunnel, which I always hope is not a train coming at me. From there, humility gives me a clearer understanding of my strengths and weaknesses. I fully embrace my limitations and recognize that I'm not always the sharpest knife in the drawer. Then true empathy lets me move beyond just understanding someone's feelings to mentally connect with their needs and situation to gain a deeper insight into their state of mind and how they're acting the way that they are, and how we can improve their position to give them hope for the future.Dorian shared a story to illustrate the impact of his triple cocktail:A few years ago, before Covid, I was standing on a rooftop in Kabul, Afghanistan, with a government official from there. We had a small team with us. The work we were doing–some of it was urban work, some of it was rural work. But the man had his son with him; he was a 12-year-old boy who the father took out of school that day just so he could meet me. And the boy came up to me and said, “I just love the work you're doing here. I pray to God that you'll be successful, and you'll make the country a better place for us.”And that just stuck with me, where I put myself in his father's footsteps. I put myself being that young boy again, [feeling] what it would be like, what his life is like, and how we could make it better and what we can do to make it better.It's not bringing Western philosophy there. It's listening to them, listening to what their needs are, listening to how they would like to accomplish their goals, their ambitions, to restore that hope in what they can do moving forward in life. That stays with me every day.Dorian offers some thoughts about developing this triple cocktail of superpowers for yourself.I think everybody needs to take a step out of themselves. They need to try to put themselves in the other person's footsteps and understand where this person is coming from by listening to them. Listening is such a huge, huge attribute that people need to adopt and need to understand so that people can then share what they want, what they need so that then you can come back and you can look at how you can help guide them and help them achieve some level of success of where they want to be.Everybody has the opportunity to learn, and everybody else has that opportunity to educate someone. So, I think by taking the time to learn from somebody when you're having a conversation with somebody. Always try to leave with one or two ideas of what you've learned while you're having a conversation with them. This will make the world a whole lot better place.By following Dorian's example and advice, you can develop the triple cocktail of perseverance, humility and empathy as strengths that empower you, potentially allowing you to make them superpowers that let you do more good in the world.Guest-Provided ProfileDorian Dickinson (he/him):Co-Founder & Managing Director, FundingHopeAbout FundingHope: FundingHope, LLC is an investment crowdfunding platform registered with the US Securities and Exchange Commission (SEC) and as a member of the Financial Industry Regulatory Authority (FINRA). FundingHope connects everyday impact investors with entrepreneurs, small business owners, and innovators who are in need of capital to grow their business and who are focused on achieving UN Sustainable Development Goal (SDG) targets in distressed, at-risk, and rural communities across America. FundingHope aims to transform how impact investments reach those who are often left behind by big banks and Wall Street by providing an online marketplace so that everyone can invest in what matters most to them.Website:fundinghope.comTwitter Handle:Company Facebook Page: https://www.facebook.com/fundinghopecrowdfundingOther URL:Biographical Information: Dorian Dickinson founded FundingHope with the mission of connecting investors to entrepreneurs and SMEs in economically disadvantaged communities to help achieve UN SDG targets and to grow stronger in America and around the world. For over a decade, Dickinson has worked on economic development and sustainability projects in rural America, as well as in conflict zones and developing countries in the Middle East, South America, Africa, and Southeast Asia.Dorian Dickinson's career began with the Connecticut State Police before he established himself as a leader in the development of innovative business strategies for leading retailers and consumer goods companies in America and Europe.For the past 15 years, Mr. Dickinson has dedicated his career to creating and building economic development activity, sustainability programs, and improved health and sanitation initiatives in rural and economically challenged communities in the US, Mexico, South America, the Middle East, Africa, and Southeast Asia. Mr. Dickinson was part of the leadership team that developed the first commercial poultry farming operation in Afghanistan in over 40 years. During his career, Dickinson has developed rural development programs that aim to disrupt drug cartel routes in Mexico and Central America, and he has introduced renewable energy and improved sanitation to drought-stricken areas of Kenya and Palestine.Closer to home, the American Farm Bureau Federation recognized Mr. Dickinson as the architect of the first comprehensive agribusiness-focused economic development program for rural communities. Chicago Mayor Rahm Emanuel's administration contracted with Mr. Dickinson to create Make It Right, the city's first all-encompassing crime prevention, youth engagement and community development project.Mr. Dickinson is a commissioned Kentucky Colonel, the highest title of honor bestowed by the Governor of Kentucky, in recognition of his noteworthy accomplishments and outstanding service to community, state, nation and planet. He was twice named Illinois Agribusiness Leader of the Year, was a charter board member of the Council of the Great Lakes Region, and has been recognized by Canada's Governor General, the Right Honourable David Johnston, as a cross-border economic development leader.Throughout his career, Mr. Dickinson has built a proven record of success as a skilled strategist, out-of-the-box innovator and passionate entrepreneur collaborating with governments, companies, and internationally recognized organizations in primary, secondary, and tertiary industries. Twitter Handle: @doriandickinsonPersonal Facebook Profile: facebook.com/DorianDickinsonLinkedin: linkedin.com/in/doriandickinsonInstagram Handle: @doriandickinson Superpowers for Good is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Join us for the SuperCrowdHour with Lea Bouhelier-Gatreau of KingsCrowd as she explains how you can start investing for impact with just $100 on August 16th at 1:00 Eastern/10 Pacific. Register at half-price here.Léa is a Sr. Investment Analyst at KingsCrowd who writes the company's impact investing monthly article, providing investors with the best impact investing deals and market insights. She previously worked for Stanford's accelerator, StartX, and led the first award-winning study on the Malawian startup ecosystem. She holds a degree in Anthropology from France and studies at UC Davis, working toward an MBA. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit devinthorpe.substack.com/subscribe

This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. Topics covered include: How to approach venture capital investors with a small company, Should I always use, "Other People's Money" to raise capital, How to become an investment analyst and more. Refer to chapter marks for a complete list of topics covered and to jump to a specific section. Download my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Learn more about my MBA Degree ProgramConnect with me: YouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures  TikTok: @chrisharoun

Devin: Peter, what is your superpower?Peter: My superpower is caring and doing humanitarian efforts most of my life.Devin: John, what's your superpower?John: I grew up in a very large family, and the concept of getting along with people comes into play because, you know, you got to love brothers and sisters.When Peter Teahen started thinking about this round-the-world trip, his wife was supportive but didn't expect him to pull it off. After a year, when he announced his plan to actually go, she insisted he find a co-pilot. Luckily, marriage had connected the pair to a cousin who was also a pilot, John Ockenfels.John, with over three decades in Rotary, was excited to make the trip and, after a few weeks of contemplation–and discussion with his wife–agreed to the journey and brought the fight to end polio to the flight.That, it turns out, was just the beginning of their challenges.“This was the trip that couldn't be done, that shouldn't be done, that nobody in their right mind was going to do. But somehow, we managed to pull that off,” John says.Planned for 2020, the pair had their trip canceled by covid. Rescheduled for 2021, covid's relentlessness canceled the second effort. A third effort, in 2022, was blocked by Russia's invasion of Ukraine. The duo had planned to take an established northern route that included stops in Russia. US-Russia tension after the attack resulted in revoked invitations. Almost anyone else would have given up at this point. The primary alternative, a southern route, would require 15 and 17-hour-long hops over the Pacific, which their plane couldn't handle.Undeterred, the pilots just bought a plane that could make the trip!They left on May 5th and returned on July 31st. Over the years of preparation and during the flight, the duo raised millions for polio, counting the $2 for $1 match provided by the Gates Foundation.“We believe we had just raised our first million dollars before our departure. Since then, we're pretty sure that we've got at least another half a million that we've raised along the route. So that's going to be a pretty good check to the Rotary Foundation,” John says.Rotary leads the global effort, now funded primarily by the Gates Foundation, in collaboration with UNICEF, the World Health Organization and the US Centers for Disease Control.John explained the history from his perspective, “I joined Rotary in 1986. They had just gotten on board with this polio elimination program. At that point, three-fourths of the world was endemic with polio. We watched these charts go from red to green as polio around the world went away.”Today, polio is endemic only in Pakistan and Afghanistan. A 2022 visitor from Pakistan was contagious, and the first case of polio in the US in decades was recorded.Peter explains the growing vulnerability around the world, including in rich countries:In today's environment, where there's a decline in people vaccinating, especially post-covid, a lot of people have just dismissed vaccinations. The vaccination rate in the world is at the lowest it's been for years. That sets up trouble for children and families whose children will be exposed to the polio virus. Studies show that if we don't eliminate polio soon, in the next ten years, we'll see 200,000 new cases of polio. It's time to stop. It's time to get across the finish line.Completing the journey and raising so much money to end polio required the pilots to use their superpowers, Peter's caring and John's getting along with people.AI Episode Summary* Peter Teahen and John Ockenfels completed a round-the-world trip in their Cessna airplane to raise money and awareness for the fight to end polio.* Peter had the dream to fly his plane around the world and started planning in 2018.* He approached John, who initially hesitated but eventually joined the trip.* Their original route was canceled three times due to Covid and Russia's invasion of Ukraine, so they had to plan a new southern route.* The route included stops in Newfoundland, Iceland, Europe, Crete, Jordan, United Arab Emirates, Thailand, Sri Lanka, Kuala Lumpur, Surabaya, Darwin, Canes, Brisbane, Pango Pango, Hawaii, Maui, and Oakland.* The trip was challenging, and they faced risks and limited communication, but they successfully completed the journey.* Their goal was to raise money for the fight against polio, as there are still cases in Afghanistan and Pakistan.* They raised over a million dollars before their departure and believe they raised another half million along the route.* They emphasized the importance of polio eradication and the need for continued vaccinations and funding.* Their trip was a spiritual journey, and they were inspired by the support and dedication they witnessed in communities affected by polio.How to Develop Caring As a SuperpowerPeter shared his feelings about the trip, which included time volunteering directly to give oral polio vaccines to children:For me, this trip around the world became a spiritual journey. It was so true, especially when we were working in the ghettos in the poorest part of Karachi in Pakistan, holding babies in our arms and giving them the vaccine, talking to the parents, talking to the caregivers who are there. It moved me to tears.In Afghanistan, a lot of the resistance came from the fathers of the children who would prohibit the vaccinations. John and I witnessed in the ghettos of Karachi, where the fathers came out of their homes with their babies in their arms, and they presented their children for the polio [vaccine] drops. That brought tears to my eyes. I'm thinking that is the power of humanity when in one country, people would be killed for giving drops to their children and through education and creating an environment where they felt safe, the men presented their children for the drops.By following his example of caring, you strengthen your ability to care, potentially helping to create a superpower that enables you to do more good in the world.How to Develop Getting Along With People As a SuperpowerJohn grew up in a large family and learned a lot of lessons there. He shared a notable insight:Being in that large family, we didn't really have a lot of money. We had to make do. But we also found out that we got a lot of help from other people.I found out that returning that help, giving that help back and working in other entities, Rotary or Jaycees or whatever the organization is–many other organizations I've been working in–I enjoy that aspect of it. Even today, now that I'm retired, my wife and I still spend many, many hours every week and every year in particular, doing things for other organizations for which we get no funding or no pay. And we're okay with that.John has worked his entire career with his four brothers in the family business. He shared the advice he often gives to help people learn to get along. “There are differences for everybody and everything. Play to those differences. Work with those differences, and you can make a difference.”By following his example and advice, you can emulate John's ability to get along with others, serve in your community and make it a strength that can enable you to do even more good in the world.Superpowers for Good is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Guest-Provided ProfileAbout Flight To End Polio: Our pilots, Peter Teahen and John Ockenfels, are raising awareness for polio eradication by piloting a single-engine aircraft all the way around the globe in 90 days. Only 700 pilots in history have ever achieved this feat, and less than 270 are alive today! Both Peter and John are Rotarians and members of the Fellowship of Flying Rotarians. They departed from Cedar Rapids, Iowa, on May 5th, 2023, and returned on July 30th. They flew a 1977 Cessna T210M (single-engine) airplane. Along the way, they encouraged support of ending polio forever throughout the world.Website: FlightToEndPolio.comCompany Facebook Page: facebook.com/flighttoendpolio/John Ockenfels (he/him):Pilot, Flight To End PolioBiographical Information: John has been piloting small aircraft for over 43 years. He maintains antique training airplanes from World War II in his free time and is the proud owner of two WWII war birds.He is a member of the Iowa City, Iowa A.M. Rotary Club and also served as District Governor for Rotary District 6000. Like Peter, John is also a member of the International Fellowship of Flying Rotarians.John is now retired, having spent his career as CEO of City Carton Recycling, based in Iowa City, Iowa. John attended the University of Iowa and then served in the United States Air Force from 1972 to 1976. Two years of his service to our country was as a crew member on board an AC-130 aircraft in Thailand.Personal Facebook Profile: John OckenfelsPeter Teahen (he/him):Pilot, Flight to End PolioBiographical Information: Peter is an experienced pilot and has been piloting small aircraft for over 47 years. He is a member of the Cedar Rapids West Rotary Club and of the International Fellowship of Flying Rotarians.​Peter is a Funeral Director and President of Teahen Funeral Home in Cedar Rapids, IA. He is an author and a mental health professional. He was awarded the designation of Diplomate from the National Center for Crisis Management and the American Academy of Experts in Traumatic Stress. Peter serves on the faculty at the University of Iowa and is the founder of the Cedar Rapids Freedom Festival.Peter has served in leadership roles on sixty-seven major disasters throughout the United States, Puerto Rico, Guam, Sri Lanka, Haiti, and the Darfur Region of Sudan. He responded to the September 11th World Trade Center attack, Hurricane Katrina, Indonesian Tsunami in 2004, and the Haiti Earthquake in 2010. He is recognized for his work on aviation disasters and is internationally known for his work in critical incident stress management and the psycho-social impact of disasters.He has served as a volunteer for 19 years as national media spokesperson for the American Red Cross. He has been interviewed on Good Morning America, Oprah, Weather Channel, Fox News, the British Broadcasting Company and Aljazeera.Peter is the recipient of numerous national awards of distinction that includes the National Public Spirit Award. American Legion Auxiliary. Previous recipients include Ronald Reagan, Hillary Rodham Clinton, Ann Landers, and Dr. Robert Schuller.For a complete record of Peter's boundless volunteerism, professional accomplishments, and philanthropic efforts, please visit PeterTeahen.com.Join us for the SuperCrowdHour with Lea Bouhelier-Gatreau of KingsCrowd as she explains how you can start investing for impact with just $100 on August 16th at 1:00 Eastern/10 Pacific. Register at half-price here.Léa is a Sr. Investment Analyst at KingsCrowd who writes the company's impact investing monthly article, providing investors with the best impact investing deals and market insights. She previously worked for Stanford's accelerator, StartX, and led the first award-winning study on the Malawian startup ecosystem. She holds a degree in Anthropology from France and studies at UC Davis, working toward an MBA. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

Devin: What do you see as your superpower?Nika: There are a lot of areas where I feel like I am skilled that relate to my profession, but one that is not spoken of as often, which I do very much consider to be a superpower, is my ability to hold the middle, to appreciate the nuance, to be that bridge builder.In a historic ruling In June, the Supreme Court decided that college admissions could not be guided by affirmative action. The ruling has left corporate professionals engaged in diversity, equity and inclusion (DEI) anxious.Dr. Nika White, author of Inclusion Uncomplicated: A Transformative Guide to Simplify DEI, joined me to talk about the implications of the ruling.“Don't panic,” she says to those who work in corporate DEI and human resources. “Nika: this is a time for organizations to realign and reassess their why. Why did they, in the first place, have such a deepened commitment to DEI?”“This is time for leadership, in particular, to show that leadership,” Nika says. “Equity and inclusion is all about leadership and not finding this news as a crutch or an excuse or a reason to abandon the work.”She also explained the broad appeal of her new book, Inclusion Uncomplicated.”Nika: this is a book that helps everyone, regardless of your position, your title, where you are within your journey of deepening your understanding of DEI, to really think about, ‘What is my role now, and what type of influence do I have within the circles that I belong to; where I can take a more active part, a more intentional part of fostering equity and inclusion?”AI Episode Summary* Devin and Nika discuss the recent Supreme Court ruling on affirmative action and its impact on academia and corporate environments.* The ruling currently only applies to higher learning institutions but could potentially affect corporate environments in the future.* Nika advises organizations to remain committed to diversity, equity, and inclusion (DEI) values despite the ruling.* She recommends organizations realign their DEI strategies and have open conversations about the impact of the ruling.* Leadership should show support for DEI initiatives and not use the ruling as an excuse to abandon the work.* Nika is the author of "Inclusion Uncomplicated: A Transformative Guide to Simplify DEI," which helps individuals understand their role in fostering equity and inclusion.* She believes that resistance to DEI often stems from a lack of clarity and suggests demystifying the complexity of DEI to engage more people.* Nika emphasizes the importance of listening and asking thoughtful questions to facilitate conversations about DEI.* She advises individuals to hold the middle, appreciate nuance, and bridge divides to foster understanding and acceptance.* Nika's superpower is her ability to hold the middle, bridge gaps, and appreciate both sides to address divisions within society and organizations.* She suggests developing curiosity, active listening skills, tolerance for difference, and deliberate intention to improve listening abilities.How to Develop Holding the Middle Ground As a SuperpowerNika's career highlights her ability to hold the middle ground, allowing people of differing opinions to see each other more fully and respectfully. She shared an anecdote that illustrates this especially well.I remember this was years ago. I am based in Greenville, South Carolina. And Greenville County was the last county in the nation to recognize MLK, Dr. King [Day] as an official holiday. That news left a stain on Greenville. And there were a lot of protests, a lot of division. Finally, once the holiday was passed, they needed a lot of healing. So, I would say that the “both-and” was being a convener of different individuals within the community, different leaders and influencers, and just giving space for people to express their frustration, to express their dismay, but then also to turn that into, say, “How can we now let this work for our good?”When I think about the outcome that I'm really proud of, we went on–a group of us–served as founders of what became known as MLK Dream Weekend for ten years. We curated these special events and different types of initiatives in honor of Dr. King's legacy. One of those initiatives was a diversity banquet.The very first year after the holiday was passed, we convened hundreds of people for this banquet and this celebration. We were fortunate enough to be able to get the attention of Dr. Bernice King to come and be our keynote speaker.The reason that I reflect on that is when you think about MLK weekend–where the children, the voice, the legacy of Dr. King could be anywhere delivering any type of message–that Dr. Bernice King saw fit to come to Greenville and to share a message with us. And that message was “the last shall be first.”When I think about holding the middle, and the “both-and,” we could have waddled in that disappointment; we could have let that define us. We could have just not taken the initiative to really try to see the other side of it–the “both-and.” That is something that I'm proud to say that I was a part of is bringing that level of healing through these specially curated events in honor of Dr. King.After sharing that powerful example of holding the middle and its impact, she offered a few tips for developing that superpower.First, she encouraged viewers to foster their curiosity, attributing her ability to hold the middle, in part, to her curiosity. “Asking questions is a great way to learn and to form a perspective–not judgment.”Second, she encouraged the audience to practice accepting what people say. “Acceptance doesn't always mean agreement,” she says. It simply means acknowledging that others hold a different perspective or opinion.Finally, she encourages everyone to listen with intention. Focus on listening to “respond” rather than “react.”By following her example and advice, you can strengthen your ability to hold the middle, potentially making it a superpower that enables you to do more good in the world.Guest-Provided ProfileDr. Nika White (she/her):Dr. Nika White, founder, CEO of Nika White Consulting and author of Inclusion Uncomplicated.About Nika White Consulting: Nika White Consulting is a diversity, equity, and inclusion boutique consulting firm with recognized authority on strategic diversity, intentional inclusion, and organizational effectiveness.Website: www.Nikawhite.comCompany Facebook Page: facebook.com/nikacwhiteBiographical Information: Dr. Nika White, the author of Inclusion Uncomplicated: A Transformative Guide to Simplify DEI, is president and CEO of Nika White Consulting (www.nikawhite.com). Dr. White is an award-winning management and leadership consultant, keynote speaker, published author, and executive practitioner for DEI efforts in the areas of business, government, non-profit and education. Her work helping organizations break barriers and integrate DEI into their business frameworks led to her being recognized by Forbes as a Top 10 Diversity and Inclusion Trailblazer. The focus of Dr. White's consulting work is to create professional spaces where people can collaborate through a lens of compassion, empathy, and understanding. Twitter Handle: @NikaWhiteLinkedin: linkedin.com/in/nikawhite/Instagram Handle: instagram.com/nikacwhite/Join us for the SuperCrowdHour with Lea Bouhelier-Gatreau of KingsCrowd as she explains how you can start investing for impact with just $100 on August 16 at 1:00 Eastern/10 Pacific. Register at half-price here.Léa is a Sr. Investment Analyst at KingsCrowd who writes the company's impact investing monthly article, providing investors with the best impact investing deals and market insights. She previously worked for Stanford's accelerator, StartX, and led the first award-winning study on the Malawian startup ecosystem. She holds a degree in Anthropology from France and studies at UC Davis, working toward an MBA.Register for SuperCrowdHour Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

We're excited to announce that the Superpowers for Good show is now available for streaming on television via e360tv. Download the e360tv app on your Apple TV, Roku or Amazon Fire TV device to enjoy the show on your big-screen TV. The app is also available for mobile devices.Devin: Stephanie, what is your superpower?Stephanie: My superpower is my imagination.Devin: Hayley, what's your superpower?Hayley: I'm going to say the word connecting, the ability to connect. And it's not just with people. It's with animals, too.Twenty-somethings Stephanie and Hayley Painter founded and now lead as co-CEOs of Painterland Sisters Organic Skyr Yogurt, which is growing like one of the well-fed calves on their dairy farm.The pair founded the company to ensure the farm could remain economically viable for future generations. “We are the fourth generation on our family's organic dairy and crop farm,” Stephanie says. “We're a regenerative farm in northern Pennsylvania. We've always wanted to vertically integrate our family's farm and connect consumers to the direct source of their food, which is the American farmer.”The company is raising money on Wefunder to provide the fertilizer it needs to continue its rapid growth. “We decided to utilize a crowdfunding campaign instead of going directly to one investor because we are a mission-oriented company,” Stephanie says.“We want to sustain Mother Earth. We want to give people great transparent products,” she says, adding, “We are also young women in this CEO role.” Data shows that crowdfunding may be one of the best ways for women to attract business capital.The campaign could benefit Painterland Sisters' growing community. “It's a great opportunity for our community who supported us from the beginning to come in,” Haley says.One of the things that attracted my attention was the pair's commitment to regenerative agriculture. Folks like me, far removed from farm life, hear about cows' contributions to climate change. The sisters explain how the animals can contribute to carbon sequestration.Hayley says:Cows and land and soil it's a symbiotic relationship along with the community that supports it. And so as the cows release that carbon and that fertilizer, it goes back into the soil where they graze. They also act as natural aeration because when they walk on it, that really supports getting the ground ready to accept that carbon in that carbon goes back into the ground, back into the soil, and then it comes back fueling those plants for the cows to then eat again. So it's a completely symbiotic relationship.Stephanie adds, “We need grazing animals grazed sustainably and regenerative agriculture so that we can help turn around the climate crisis that we are facing today and sustain Mother Earth for generations to come.”To build Painterland Sisters–which they tell me did over $1 million in revenue in its first full year in operation–they used their superpowers, Stephanie's creativity and Hayley's ability to connect with people and animals.AI Episode Summary* Stephanie and Haley Painter are the founders and co-CEOs of Painterland Sisters Organic Skyr Yogurt.* They come from a fourth-generation regenerative farm in northern Pennsylvania.* Their goal is to vertically integrate their family's farm and connect consumers directly to the source of their food.* They launched an organic Icelandic-style skyr yogurt and have achieved significant sales growth, with a projection of $3.5 million in sales for 2023.* Their yogurt is sustainably sourced from their family farm and other local farms and contains high protein and billions of probiotics.* They are raising money through a crowdfunding campaign on Wefunder to allow their community to invest in their mission and become equity owners.* Stephanie's superpower is imagination and creativity, while Haley's superpower is connecting with people and animals.* Stephanie coaches others to develop imagination by visualizing solutions and maintaining a positive mindset.* Haley encourages others to develop their ability to connect by getting involved in communities, volunteering, and networking.* People can learn more about Painterland Sisters and their crowdfunding campaign by visiting their website, social media platforms or searching for their campaign on Wefunder.How to Develop Imagination As a SuperpowerStephanie developed her imagination early in life, leading young family members on adventures.I would just line up all my siblings and cousins, and we would go on all these adventures. We would be–I didn't realize it was called hiking until I went to college–walking up the hills. We just called it walking. We'd walk up the hills. We'd imagine ourselves in different worlds. Like, we grew up in the middle of nowhere. That's what people would call it, the absolute middle of nowhere. We had to create our own world and our own fun.Stephanie offers a few insights for developing imagination. “I just naturally tell people how to expand your mind. You can do it. There's always a different way to figure things out.”“I think imagination has to be coupled with positivity and a belief in yourself and a connection to your soul,” she adds.By following Stephanie's example and advice, you can strengthen your imagination and build it into a superpower that enables you to do more good in the world.How to Develop Connecting with People and Animals As a SuperpowerHayley sees the business as evidence of the benefits of her superpower, connecting with people and animals. “We started in 2018. We did not know how to start a national yogurt brand. I didn't even like yogurt. Now I love our yogurt. I had to make one that I liked, and then I had to make one that was really nutrient dense. That was the problem. How we got started is we talked to everyone.”Things are going pretty well as a result of those connections, she says. “We've now been asked to sit on the board of Team PA next to the governor of Pennsylvania, Josh Shapiro, and Secretary Russell Redding, the agriculture secretary here.”Hayley offers a few tips for strengthening your ability to connect. “Don't be afraid to try something new.”To help you see how she works, she shares an example of her approach. “When we were learning how to make products, I wanted to make cheese. So, I traveled across the country, meeting different cheesemakers.”By following Hayley's example and advice, you can improve your ability to connect with people–and perhaps animals–potentially turning connection into a superpower that enables you to do more good in the world.Guest-Provided ProfileHayley Painter (she/her) and Stephanie Painter (she/her): Co-CEO and CO-Founder, Painterland Sisters Organic Skyr YogurtAbout Painterland Sisters Organic Skyr Yogurt: Sisters Stephanie and Hayley Painter launched Painterland Sisters Organic Skyr Yogurt as part of their mission to preserve, showcase and utilize their family's Pennsylvania organic dairy farm, Painterland Farms, as well as others like theirs. Additionally, they strive to connect the consumer with the direct source of their food; The American Farmer. A fourth-generation family-owned and operated farm, Painterland Farms practices regenerative farming and uses rotational grazing to keep the farmland as nutrient-rich as possible.  Painterland Sisters Organic Skyr Yogurt is a certified Woman-Owned business, and the yummy skyr contains billions of probiotics (BB12), is high in protein and calcium, lactose-free and Kosher.Website: painterlandsisters.comLinkedin: linkedin.com/company/painterland-sisters/Company Facebook Page: facebook.com/painterlandsistersInstagram Handle: @painterlandsistersBiographical Information: Hayley Painter is one of the two sisters who founded Painterland Sisters. She graduated from Iowa State University with a Bachelor of Animal Science. After college, Hayley focused on value-added products through learning how to produce, sell and market cheese, yogurt and gelato. One of the most fun experiences, she says, is getting to work in farmers markets in NYC, where she sold the products she helped make and got to connect with all types of consumers! With that experience, Hayley went on to pursue her dream of vertically integrating her family's farm alongside her sister by creating Painterland Sisters and selling their Icelandic-style skyr yogurt! Personal Facebook Profile: facebook.com/hayley.painter.75Biographical Information: Stephanie graduated with a Bachelor of Science in Business Admin with a specialty in Marketing and a heavy load of entrepreneurship classes. She gained business insight, management experience, and sales experience at a top high-end auction house after university. She's traveled extensively around the country and the world to figure out how to connect the farm to the consumer and the consumer to the farm. She is a momma, a dog momma, a hiking/ outdoor lover and natural food enthusiast!Superpowers for Good is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Join us for the SuperCrowdHour with Lea Bouhelier-Gatreau of KingsCrowd as she explains how you can start investing for impact with just $100 on August 16 at 1:00 Eastern/10 Pacific. Register at half-price here.Léa is a Sr. Investment Analyst at KingsCrowd who writes the company's impact investing monthly article, providing investors with the best impact investing deals and market insights. She previously worked for Stanford's accelerator, StartX, and led the first award-winning study on the Malawian startup ecosystem. She holds a degree in Anthropology from France and studies at UC Davis, working toward an MBA. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

We're excited to announce that the Superpowers for Good show is now available for streaming on television via e360tv. Download the e360tv app on your Apple TV, Roku or Amazon Fire TV device to enjoy the show on your big-screen TV. The app is also available for mobile devices. That said, I'm embarrassed to report that the new workflow got me a bit discombobulated, and I neglected to upload the audio for the podcast here! So, I'm sending it again with the audio. Please forgive me.Devin: What do you see as your superpower?Lynn: I will share something that a friend of mine said when I was on a walk with her. I was telling her what I thought her superpower was, and she came back to me and said, “Well, I think your superpower, Lynn, is that you…” How did she phrase it? I can't remember how she phrased it, but she said basically, “You have the guts to try things that you have no business trying, that you set your mind on something, and you'll go out, and you'll just make it happen.” I guess the short answer to your question would be it is just sort of the guts to–what's the Yiddish word? The chutzpah. I'm not Jewish, but I love that word.Solar can be expensive and difficult to install on your rooftop, especially for households in low-income communities with older buildings. Renters are typically excluded from the option to add rooftop solar. The Community Action Fund, a nonprofit, steps into this gap in hopes of allowing everyone to save money on their energy bills and lighten their carbon footprint.Founder and CEO Lynn Heller says, “Living in Baltimore City, I regularly witnessed lots and lots of poverty. So, I was trying to figure out, all right, how do we create a very scalable model for low-income household access to clean energy? The world is transitioning to clean energy. Let's not leave out huge swaths of the population.”Under Lynn's leadership, the nonprofit has attracted a diverse funding strategy, including a tranche of crowdfunding raised via the FINRA-registered portal Raise Green. Everyone is eligible to invest–even I invested!The funding round was successful, exceeding the target cap of $370,000.To make this happen, Lynn uses her superpower: chutzpah.AI Episode Summary* Devin Thorpe is interviewing Lynn Heller, CEO of the Climate Access Fund.* The Climate Access Fund is a nonprofit green bank that focuses on providing low-income households with access to clean energy, particularly through community solar projects.* Community solar allows households to sign up for solar power from a project located elsewhere, such as a large tract of land or a rooftop, and receive a discount on their electricity bill.* The Henderson Hopkins School project in Baltimore is a community solar project that will provide a 25% discount on electricity bills for low-income households in the neighborhood.* The project is unique because it is entirely for low-income households, it has co-benefits such as job training programs and educational components, and the nonprofit owns a portion of the solar asset to share dividends with subscribers.* The Climate Access Fund has raised around $350,000 through a crowdfunding campaign on Raise Green.* The fund initially hoped to give low-income families the opportunity to invest directly in the project but faced challenges due to mistrust from previous bad experiences with third-party electricity providers.* Lynn Heller sees her superpower as having the guts to try things that others may not feel confident in attempting.* She is proud of where the Climate Access Fund has come and its ability to carve out a niche in the industry.* Lynn advises others to listen and learn from different perspectives, collaborate with well-meaning experts, and align themselves with a team to collectively foster innovation and confidence.How to Develop Chutzpah As a SuperpowerLynn sees the progress at The Climate Access Fund as evidence of the power of having the guts to try something you have no business doing. She explained:I'm proud of where the Climate Access Fund has gotten today. We have a long way to go, in that we are we have been a startup nonprofit in a startup industry, so it's kind of a double startup, which, I have to be honest, has been difficult at times. We've had to be very nimble as the community solar market has evolved over the last five to seven years in Maryland. We have been very involved with some of the legislative efforts and in advocacy and also, at the Public Service Commission level, the regulations. I'm very proud that last year I originated A law–a bill that passed that session in Annapolis in the state legislature that increased the benefits to low-income households through community solar. So, there are certain tasks that I'm proud of. But I would say overall, I'm proud of the fact that we have been able to carve out a niche for ourselves, again as a startup in a startup industry.Lynn sees two essential aspects to building chutzpah:First is the self-confidence to keep trying when you inevitably encounter challenges. Say, “All right. Well, that didn't work. But let's try this. That didn't work. So, let's try this.”The second is to be inclusive. Build a diverse team that includes people with different skills, perspectives and abilities to take risks. “The best thing folks can do is to listen to other people and learn from other people,” Lynn says. Building a team builds confidence.Following Lynn's example and advice can strengthen your confidence, potentially turning it into the sort of chutzpah that can become a superpower that enables you to do more good in the world.Guest-Provided ProfileLynn Heller (she/her):Founder, CEO, Climate Access FundAbout Climate Access Fund: The Climate Access Fund (CAF) is a statewide nonprofit green bank based in Baltimore, Maryland. CAF leverages public and philanthropic capital to drive private investment into the low-income residential energy market. CAF's goal is to substantially reduce the energy burden of low-income households through access to offsite, or “community,” solar.  CAF offers financial incentives to solar developers who provide attractive savings to low-income subscribers, and it develops projects in historically disinvested communities through community-based partnerships. By demonstrating that affordable solar power can be successfully financed and deployed, CAF is helping to bring an equitable clean energy market to scale in Maryland and beyond. Website: climateaccessfund.orgOther URL: vimeo.com/682058145Biographical Information: Lynn Heller is the Founder and CEO of the Climate Access Fund, a nonprofit green bank focused on expanding clean energy access in disinvested communities. Lynn has previously served as Vice President of the Abell Foundation, worked as a strategic planning and management consultant, and led start-ups in refugee resettlement, microenterprise lending, voter education, and election monitoring in the U.S. and overseas. Lynn is Board Chair of the MD League of Conservation Voters and past member of the MD Commission on Climate Change and the Baltimore Sustainability Commission. Lynn earned degrees from Princeton University and the Harvard Kennedy School and loves spending time with her husband, three kids and dogs.Linkedin: linkedin.com/in/lynn-heller-22932131/Join us for the SuperCrowdHour with Lea Bouhelier-Gatreau of KingsCrowd as she explains how you can start investing for impact with just $100 on August 16 at 1:00 Eastern/10 Pacific. Register at half-price here.Léa is a Sr. Investment Analyst at KingsCrowd who writes the company's impact investing monthly article, providing investors with the best impact investing deals and market insights. She previously worked for Stanford's accelerator, StartX, and led the first award-winning study on the Malawian startup ecosystem. She holds a degree in Anthropology from France and is currently enrolled in the UC Davis MBA program. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe