Podcast appearances and mentions of Jamie Dimon

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture IMF panicking, global debt is getting out of hand and there is no event people will know that debt destroyed the economic system. D's are trying to push the shutdown to cause an economic event to blame on Trump. Jamie Dimon predicts a market crash. Trump's new parallel economic system is about to take off,  Trump's says gas prices will go below $2 a gallon. The D's are trapped, the shutdown is not working the way they thought. The people are on the side of Trump and team. Schiff projects on how the insurrection might start. Are they planning a [FF]? Trump has now trapped the D's/[DS] with peace. Trump is shutting down their endless wars. He is weakening the [DS]. Leverage is the key.   Economy IMF issues global debt warning Global public debt will exceed the size of the world economy within five years, IMF chief Kristalina Georgieva warned on Wednesday, calling the trend a “sobering reality” for policymakers worldwide. Public debt refers to the total debt held by governments, businesses, and households. Georgieva said the surge in borrowing is driven by fiscal deficits, pandemic legacies, and rising interest costs in both advanced and emerging economies.  Source: rt.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Consumer Sentiment Cracking Amid Gov't Shutdown; 17% Of Americans Delay Major Purchases, Survey   Redfin conducted a survey last Friday - just several days into the shutdown - that found 17% of respondents are delaying major purchases, such as a home or vehicle, because of the political turmoil in Washington, D.C. Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of the federal government shutdown, according to a new Redfin survey. Another 7% are canceling plans for a major purchase altogether. The majority of Americans (65%) said the government shutdown has no impact on their purchasing plans.   Source: zerohedge.com JPMorgan's Jamie Dimon warns of potential stock market correction Jamie Dimon, chief executive of JPMorgan Chase & Co., has sounded the alarm for financial professionals and investors, warning that the stock market may be overdue for a correction. Dimon's remarks, made in an interview with the BBC during a visit to the UK, reflected his growing unease about the durability of the current bull market. The banker, whose views are closely watched by financial professionals, said there is a “30% chance of a correction,” citing a confluence of risks facing the economy and markets. “I'm far more worried than others,” Dimon said, underscoring his concerns about persistent inflation, rising interest rates, and geopolitical instability. Source:  investmentnews.com  IRS to Furlough Nearly Half Its Staff in Shutdown Week 2 The IRS will furlough nearly half of its workforce on Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted to its website. Most IRS operations are closed, the agency said in a separate letter to its workers. Source: newsmax.com https://twitter.com/KobeissiLetter/status/1976343261556908094 Political/Rights

In a BBC interview, the head of America's largest bank, J P Morgan, has warned that US stock markets do not currently reflect the level of risk of a serious fall. Jamie Dimon said he was "far more worried than others" about a major market correction. China has tightened its rules on the export of rare earths – the elements that are crucial to the manufacture of many high-tech products. And the price of silver hit its highest level in decades. The metal reached more than $50 an ounce. Presenter: Sarah Rogers Producer: Ahmed Adan Editor: Justin Bones

Are You Missing Out on Real Estate's Best-Kept Secrets? Imagine investing in properties where: Tenants fix their own roofs You can boost income with a few tech upgrades Most investors are too scared to even look This episode reveals two underground real estate niches that could change your wealth strategy forever: Mobile Home Parks and Parking Lots Special Guest: Kevin Bupp, an investor with over $1 BILLION in real estate transactions under his belt shares how everyday investors are building wealth in places others overlook. Grab your FREE real estate investment white papers and unlock hidden wealth strategies at InvestwithSunrise.com  Resources: Text FAMILY to 66866 Call 844-877-0888 Visit FreedomFamilyInvestments.com/GRE Show Notes: GetRichEducation.com/574 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com 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 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad 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:   Keith Weinhold  0:00    Welcome to GRE. I'm your host. Keith Weinhold, talking about first mobile home park investing and then investing in parking lot assets. What makes them profitable? What gets investors excited about mobile home parks and parking lots? What are the risks and what's the future of both of these real estate asset classes? All with a terrific guest today on get rich education.   Keith Weinhold  0:28   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom. Coach, directly. Again, 1-937-795-8989,   Corey Coates  1:40   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  1:56   Welcome to GRE from Burlington, Vermont to Burlington, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you are inside get rich education. We are all firmly in the fall season. Now, autumn, if you prefer. And as we often do, we're discussing residential real estate investing today, but it's two different and distinct niches within that, and I guess they both have to do with wheels, as it turns out, mobile home parks in the first part of the show and then parking assets later today. I think there's a compelling future use case for at least one of those two to speak to our international audience for a moment, but this will actually help clarify things for you. If you're a North American too, though it's called a mobile home, well, it doesn't really have that much to do with wheels. There might not be any wheels on it. And if a resident lives inside one of these for, say, a decade, well then it's probably going to remain attached to that same location on the ground all 10 years. That's why a mobile home is often referred to now as a manufactured home. What it is is it's a factory built residence, constructed on a permanent chassis and then transported to a site. I mean, that's what we're talking about here, and they are a less expensive alternative to traditional homes that have, say, a cast in place, concrete foundation. So therefore, understand, mobile homes are affordable housing, highly affordable housing, and that's really important in this housing affordability crisis. And I've talked quite a bit about that on the show, and the meager national supply of that all types of affordable housing, they are recession resilient. I mean, that's just one reason why we love affordable housing types here at GRE where we're often buying rental property just below an area's median price. You know, people think of mobile home parks MHPS, that they're all crime ridden and that there are slumlords. But that is not true in every case. There are actually nice ones. If you're an MHP investor, you often only own the land beneath the structure, and not the mobile home itself. The resident owns the mobile home itself. So therefore, if there's a leaky roof or a window needs replacement, or flooring needs replacement, that is on the resident to fix, not you. MHP dwellers, they often don't have to pay property tax, though, because, like I said, they don't own the land. The landlord, or the community, therefore, is the one that has to pay the property tax. So there's some thoughts on mobile home parks for you, parking asset, real estate that's still settling into its post pandemic pattern with Return to Office mandates that aren't really fully matured yet. We're still settling in and seeing how that is going to look. And then when it comes to parking lots, you got to wonder about its future. When you consider the proliferation of autonomous cars, will that make parking lots obsolete? I'll have our guest address that longtime GRE listeners, you might remember episode 13 of this show, yeah, almost 11 years ago, that episode was about how autonomous cars will affect your future and your real estate and the very need for parking lots and a lot of what I discussed there in early 2015 that is beginning to come true, but this autonomous car adoption that is way slower than a lot of people thought. I mean, most Americans, they still have not been inside an autonomous car at all. A lot of people are still saying that they don't trust that that should change soon. But as for now, I'm just guessing that fewer than one in 10 Americans have been inside an autonomous car, probably quite a bit less than that. Today's terrific guest has over $1 billion in real estate transactions under his belt. This should be interesting. He is a specific investor in both mobile home parks and parking assets.   Keith Weinhold  6:26   Today's guest is a seasoned real estate investor entrepreneur, and he's a prominent voice in the space, because he hosts the real estate investing for cash flow show. He's built a strong reputation as an expert in two niches that have less competition than some other investments, and we'll discuss those two today. They are mobile home parks and also parking asset investments too often overlooked yet pretty profitable niches, and he and I have a lot in common. I'm on the Forbes real estate Council. He is on the Forbes Technology Council. He and I are both native Pennsylvanians. It's been quite a few years. Hey, welcome back to GRE it's Kevin Bupp.    Kevin Bupp  7:06   Hey, Keith, thanks for having me back. And yeah, excited to be here, my friend, and excited to finally get caught up. When you referenced that, it was nearly eight years since we last spoke. I was taken back a little bit because A lot's happened in past eight years.    Keith Weinhold  7:21   I know that's wild with where things are at. People didn't even know the meaning of the word pandemic when you were last here on the show, Kevin, let's talk about really the case for mobile home parks. I know they can be a strong, cash flowing asset once people are really dialed into them. I think what's interesting is, since you were last here on the show, really, from the pandemic on, it's been a well documented national story where lay people just know about how the supply of housing just is not adequate in order to meet demand, and what that usually means, just talking about the single family space is, of course, they're building, but they're not building fast enough to keep up with population growth and housing demand. But what's so compelling about mobile home parks is, I mean, they're barely even building them anymore, like they are contracting in supply in a lot of areas. So tell us more about the compelling case for mobile home parks.    Kevin Bupp  8:16   Yeah, well, you had a big one. You know? It's an asset class that has a diminishing supply, right? We can get into the reasons behind that. But, you know, just from a high level perspective, one of the other factors as it relates to, you know, available homes, available housing for the growing population, is that while they are building stick boat homes, they're not fulfilling the needs of those that actually need affordable housing. So there's not a lot of the average working household can't necessarily afford the starter home any longer, and so mobile home parks are unique. I truly feel they're the best vehicle to help us fill this void of housing, affordable housing that is really needed throughout the entirety of the country. I mean, there's very few markets in this country that are still affordable. There's some places you can still go buy. You can probably go to Flint, Michigan, buy a home for 50 or $60,000 but generally speaking, I think the median home price today, I think it's crested over 400,000 I don't have the exact number, but I do believe over $400,000 and the average starter family, or even folks that are, you know, just working two jobs, making 40, $50,000 a year, they can't afford to purchase that type of home, a $400,000 home. And so again, these mobile homes you had mentioned, they're not building mobile home parks any longer. However, they're still building new mobile homes, and it's kind of interesting what's evolved over the past 10 years. The quality of the product is it's like a night and day difference of what it looked like 1015, years ago, of the homes themselves to what they look like today, and what you get for your money. You know, the average single wide that we might be putting into a community, brand new home, 13, 1400 square feet. Someone could come in and for roughly $80.70 $80 a foot, can buy a brand new home that's never been lived in before, that's unheard of, that's absolutely unheard of when you compare it to the average or the median home price across the US today. So it really is kind of the last frontier, and it's typically any market that we're in, if you take the same comparable quality of an apartment complex in the same, you know, area of town, the same school districts, we're typically about 20% less all in cost to actually own your own home, versus that of even renting the comparable size apartment. So it's a very compelling reason for folks that are looking for an affordable place, but not just affordable, but clean, safe and quiet. I mean, like we run very respectable communities, they're in the really good school districts. They're places that folks are proud to live and raise their families, then,    Keith Weinhold  10:22   yeah, that's true. This would really help meet that affordability challenge, another problem that's been so well documented. Talk to us more about what makes mobile home park investing different from investing in single family rentals or even a fourplex or a 20 unit apartment building.    Kevin Bupp  10:40   A lot of the fundamentals are similar, and I would say that it's probably more comparable to that of an apartment complex to a certain degree. Just think of it as a horizontal apartment complex, where units aren't stacked on top one another. They're just layout horizontally more wider than they are tall. But the bigger difference is in most instances, we don't actually own the homes, so the residents own the mobile homes, whereas we as community owners own the infrastructure, we own the land. We own the roads, when the sewer lines, the water lines, the common areas, if it has a clubhouse, if it has amenities, so we maintain and we own all that collective area where the folks basically come and they bring their home, they fix it to the ground, and then ultimately pay a slot rent to have their home there on that premise. And so for us, it's very attractive in that the resident that's in their home, if they have a Roofing Leak, they have a plumbing leak, they have their HVAC system go out. They're not calling us like they enter an apartment complex. It's on them, yeah. So they're homeowners. And a couple other really attractive elements of that that come as a result of having residents that live there, not just renters, is that they're very sticky. And so just like in a standard single family subdivision, where you've got folks that might have lived there for generations, you just reference that your parents literally live in the same house, and so they've lived there a very long time. It is quite common to find residents and even multi generations of the same family that live in our communities. And a couple come to mind. We just celebrated a woman's 50th year of living one of our communities in brendalin. And so you've got sticky resident base. There's not a lot of turnover. And then the last big piece of it that is really attractive us is a homeowner mentality is very different than a rental mentality as far as upkeep. And so you got folks that they plant flowers, they ensure that their units have curb appeal, right? They put flags out, they put decorations out during the holidays. It's a lot more warmth than that of what you might find in a traditional rental apartment complex.    Keith Weinhold  12:26   So what all does the tenant pay for? You mentioned that they pay for the lot rent. What other expenses do they have? How does that look for them?    Kevin Bupp  12:36   Typically, you know, utilities. So they'll have their own individual meter. They'll pay, you know, direct to the utility company, utility provider, water and sewer as well. They'll pay for their water and sewer usage. And that can come in many different forms. Sometimes, where our communities have public utilities, where it's built directly by the utility provider, sometimes it's more of a private system, where we're actually acting and participating as utility provider and building them back for their usage. Really the standard things that you might pay for if you live in a single family home. I think so the areas where it might differ. And honestly, this is really community by community for us, some of our communities, literally, the residents, they pay for the utility use, but outside of that, literally, we mow the grass, we shovel their driveway, we shovel their walkways, we handle all those type of elements, whereas some other communities, the residents we might require that they actually maintain their own grass so they their own grass, so they have to mow it, or hire a a third party vendor to come in and mow it. They might have to actually shovel their own driveway. And a lot of how we run a community really is depend on how it used to be run when we took it over. You know, if it's not broke, we don't fix it. And so a lot of times we don't like shaking things up too much. If they're used to a certain way, we just keep it status quo and continue rolling on of how the prior ownership used to manage it really similar elements of what a folks, an individual living in a single family home, might pay for so very similar.    Keith Weinhold  13:48   Okay, so they pay you the rent for the lot. This puts nearly all the maintenance and repair burden on them. So is there any sort of HOA like body here?    Kevin Bupp  13:58   Not in our community. You do find some communities, and most of these that have an HOA are typically a community that's gone through more of a co op type arrangement to where the actual individuals only like fractionalized share of the community, the residents that live there, and so then they have a the oversight from an HOA that's managing the daily operations, managing the financing, managing the budget, things like that. But in our communities, no, there is not an HOA, I'd say the one other thing that's typically included in lot rent is they don't have property taxes, right? So we own the land, and so the individuals that live in these units aren't paying individual property taxes. A lot of states require that they have a registration fee, just like you do in your vehicle, that they would have to pay on an annual basis. And then most of them have insurance as well. You know they're covering you're carrying homeowners insurance on the actual dwelling itself. Outside of that, it's, again, just pretty straightforward,    Keith Weinhold  14:47   yeah. So here we are in this low competition, low supply niche that we're talking about here we think about communities and nimbyism and building, not in my backyard. ISM oftentimes that's a sentiment that residents of a certain area have, residents say something like, ah, we don't want this new 200 unit apartment building or mobile home park here in our single family home neighborhood, like, that's nimbyism. But in mobile home parks, to me, it seemed like nimbyism is often at a different level. It's at the government or the municipal level, like your town or city, might not want one, because it doesn't generate as much property tax revenue as a new single family neighborhood would. Is that the reality? Kevin,   Kevin Bupp  15:31    that's absolutely the reality. And that's why you don't see new parks getting built. I think last year, ones that I know of, there are about a dozen that were built, many more than that. They're actually shut down, you know, for redevelopment purposes. And so that is absolutely huge part of it. In fact, you know, it's frustrating, because pretty much every municipality across the country the topic of affordable housing, it's on the radar, and it's probably one that is discussed quite often. And in all reality, again, these mobile home parks really would help resolve that challenge at most of these you know, municipalities are the shortage of homes, affordable homes, that they're facing across the country. And so, you know, another big piece of it, you mentioned the tax basis, absolutely, you know, the municipality would make, they'd have much better tax revenue from pretty much anything else that could be built there. And so that's a big barrier. But the nimbyism piece of it, I think a big part of that is it's unfortunate. I think it's getting better over time. There's bad operators in our space, just like they're bad operators in the apartment space, just like there's bad operators landlords that have single family homes that just let them deteriorate over time and don't repair things. Unfortunately, we kind of get lumped all the mobile home parks get lumped in that bad bucket. And so while there's, you know, I always joke and say there's mobile home parks that are on the wrong side of town, wrong side of the tracks, right? You don't want to go to and during the daytime. Well, guess what? There's subdivision, the single family home, neighborhoods that are the same thing, and there's apartments that are like that as well. You don't go anywhere near them. And you've got the middle of the road, right? You've got just the good, hard working, blue collar folks that want to send their kids to good public schools. We've got those communities apartments are that way too single family home subdivision, you got white collar stuff. You got some higher end stuff. Unfortunately, we kind of all get lumped in that bad bucket. That's where the assumption that's made by folks that don't understand mobile home communities have never driven through one. They just assume that it's all, you know, basically, drug, sex, rock and roll, the wrong element that we do not want in our neighborhood. We don't want anywhere near us. It's going to devalue our home prices. And for that reason, you just don't see them getting built. It's unfortunate, but it's the truth.    Keith Weinhold  17:20   Yeah, I'm just thinking about the mobile home park that I drive past most often. It's sort of walled off. There's maybe an eight or 10 foot high wall around it. I don't know if that's something that the municipality erected to sort of screen its appearance off, or something that the mobile home park built, which is my guess as to who built it, but not all mobile home parks look blighted   Kevin Bupp  17:43   absolutely, yeah. And I don't know the case that you just referenced there. I mean, it could be for sound deadening purposes, if it's off of a busy road. It could have been something put up as far as just to kind of shield off so folks that are driving past don't see the community. My guess would be that's probably not the the reason that was built. But in any event, these are, there's, you know, we've got a number of communities, Keith, that if you drove through, and I didn't, if I blindfolded you and you drove in, so you went past the entrance, you went past a sign that said manufactured home community, and I took you down a road, you wouldn't believe that you were actually in a mobile home park. Some of these homes, they're double wide homes, and they look like ranch homes, and so they're actually laid out perpendicular to this, or parallel to the street, and then they have two car site built garages that are attached to them via breezeway. So they look like your traditional ranch style home, but they're absolutely 100% mobile homes that could be moved if you wanted to move them, and for a fraction of the price of what a neighboring single family home might sell for. So there's all different qualities. They all come in different shapes and sizes. But to my point earlier, some of these communities, they're not even affordable. There's actually, there's down here in Florida, we've got what we call lifestyle communities. It's very common out in Arizona as well, where it's a lot of times a second home for snowbirds, you know, retirees that want to come down and want to live an active lifestyle. You know, they want to have two swimming pools. They want to have an activities director. They want to have, you know, shuffleboard and pickleball courts and tennis courts, and they want to live this lifestyle. And those units are anything but affordable. In fact, there's many. There's a community down the road for me that, you know, their lot rent is $1,200 a month, and so you factor that in with probably a house payment. And you know, you might be looking at 2000 to, you know, $2,300 a month, all in for the house and the lot rent. And so not necessarily in the affordable scheme of things, but they come in all shapes and sizes and again, unfortunately, we just get lumped into that bad bucket. It's unfortunate because I do think that we could really help start making a dent in this affordable housing crisis. I don't how it's going to happen any other way. I really don't, because we can't build affordable products at this point in time. It's not possible    Keith Weinhold  19:37   a posh an exclusive mobile home park there that you're referencing in Florida. As paradoxical as that sounds, tell us, Kevin, how that really works, because I know you help investors get in to mobile home parks. Does this mean an investor owns a full Park? Or I wouldn't imagine you're just doing it at the level where you just own one lot and then have One dweller pay you the lot rent. So tell us about how it works from the investor angle.    Kevin Bupp  20:05   We have fund structures that we typically roll out through sunrise capital investors and any one individual fund will own somewhere between nine to 13 somewhere, typically in that range, mobile home communities. These communities can range in size from maybe as small as 80 or 90 lots to the largest community we own at present time is 780 lots. And so it's quite large. I mean, the size of a small town. But essentially, investors come in and they own a based on their investment. They own a proportionate share of the various properties that are owned underneath that fund umbrella. And so one, an individual, might come with 100,000 and own a smaller proportion share than someone that comes in with a million dollars. But they are owners. They're absolute owners. They participate in the cash flow, they participate in the the upside, and they participate in the proceeds. When we have capital events, either cash out refinances or potential sale events.    Keith Weinhold  20:56   Tell us more about why it's so profitable. Why do mobile home park investors get excited,    Kevin Bupp  21:01   as with anything, Keith, you know, you got to buy it, right? And, you know, we look at a lot of deals, and a lot of deals don't pencil like, if we bought it for what they're asking, we would make money. We might lose money. And so the money's made on the buy, just like with any other type of real estate investment. But I think the one factor that really has allowed mobile home parks to be an attractive investment vehicle over the past, really, the last decade, it's grown the attention of lots of different private equity groups, institutional investors, that 15 years ago, they weren't in the space, and the biggest reason is a lot of these. It's a very fragmented niche, and so there was no consolidation that existed 10 years ago. There was really only two public traded companies outside that. It was mom and pops, mom and pops, that typically owned one, maybe sometimes two or three communities, but it was just a very fragmented niche. And what you find those fragmented niches that there's a lot of inefficiencies that exist in the operations. There's a lot of inefficiencies that exist with regards to utility management or managerial oversight within the community, or even keeping up with market rents. And so very often, we'll get into a community we just bought one at the end of last year, and right outside of Ann Arbor, you know, great sub market in Michigan. It's it literally has never traded hands. It was built back in the 80s by the gentleman we purchased it from. He was a subdivision developer, but he got into the manufactured housing space, so he built this, what looked like a subdivision, but it was mobile homes and and he basically owned it up until we acquired it last year, but gorgeous community, well maintained, needed some upgrades, different amenities that just were a little worn out and tired. But the biggest element within that community was that the market rents in the local area were roughly $800 a month. $800 a month for lot rent, and when we purchased it from him, the average lot rent throughout the community was $477 so there was a significant loss lease that exists. And we see this quite often with just over time they've owned it, free and clear, they go 567, years out, doing rent increases, and sooner or later, they find themselves in a situation where they are severely below the local market rents. And so there's typically a lot of loss, at least recapture, that we find going into these communities. Sometimes we'll also go in and we'll find there's a lot of waste with the water and sewer cost. It might not be billed back for usage to the residents, to where if you're not paying for something, sometimes you're abusing it. And a lot of times we can go in and put individual meters in and almost send entirely that savings down to the bottom line and find it as additional noi on our PNL. And so it's just inefficiency of operations, and again, quite common, given the mom and pop nature of this asset class. But it's very quickly becoming consolidated. Now it looks very different today than what it looked like as far as the ownership groups. When I go to an industry event 10 years ago, those other guys like us, and then a lot of mom and pops. Now it's, you know, the likes of reps from Blackstone and Carlisle group and and got lots of other institutional groups that are showing up there. So just it's very different world, and probably more akin to that of what the apartment sector looks like, as far as ownership groups and the consolidation that's happening.    Keith Weinhold  23:52   You're feeling more of that competition. Kevin and I are going to come back and talk about another, I suppose, real estate investment that has something to do with wheels, and that is investing in parking lots. I'm your host, Keith Weinhold   Keith Weinhold  24:07   if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point because even the word abbreviation is too long. My letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. Now it's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com   Keith Weinhold  25:19   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com.   Ted Sutton  25:51   Hey, it's corporate directs Ted Sutton. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  25:59   welcome back to get rich education. We're talking about two real estate investment niches with Kevin bump today, an expert in both mobile home park investing and in parking lot assets. And Kevin, I got to tell you, I am more skeptical about parking lot investing than I am about mobile home park investing, but you can probably help me with this. I think we know that. I mean, gosh, just historically, ever since Henry Ford did his thing. I mean, mass transit adoption is really slow in most US cities. But anymore, one needs to wonder, okay, can autonomous cars disrupt the parking model? A Robo taxi can just constantly stay on the road, dropping off and picking up passengers where, you know, some people foresee a day in the not too distant future that people won't even need to own cars. They'll sort of have a subscription to a car service, but now this is where your expertise is. So I'm sure you thought above and beyond that. So what are your thoughts there, just for the need for parking spaces?    Kevin Bupp  27:11   You make a valid point. I think the adoption of that, it's, I think it will be very different from market to market, say, the city, whereas, if you want to maybe look at one area. We have a parking garage today in downtown Phoenix, Arizona. Phoenix is very much a driving city. It's parsed out very far the public transit. It's not great there. And again, it's just it's a wider state, whereas, if you compare it to like a San Francisco, the adoption of Robo vehicles and robotaxis and things like that autonomous vehicles is much, much faster than that of a of a phoenix. But also San Francisco is much a much more consolidated marketplace as far as the urban core. And so for that reason, you know, we look at parking, it's got a there's a couple things also that feed into that. So I want to back up a little bit. One of the major changes that has been really playing out over the past 15 years within the parking sector is that building departments within now, I think it's over 100 cities across the country. Denver just announced last week that they're also adopting this policy. And that policy is that historically, if you were Keith, you're going to go on, hey, I want to build this in downtown. I want to go build this apartment complex, condo complex, mixed use property, whatever it might be. Historically, they would have required you, whether you wanted to or not. They would have made you put in a certain amount of parking per 1000 square feet, every municipality would have a formula. And what, what a lot of these cities realized a couple decades ago is that, based on their, you know, antiquated formulas, they had a surplus of parking available on a lot of these downtown areas. You know, it wasn't being used. And given the developer an opportunity and the choice to say, Hey, do I want to build 20 more parking spaces that aren't going to get used? Or I want to build want to build 10 more apartment units, they're going to choose the apartment units. And so the parking mem requirements have been taken away, have been eliminated in a lot of cities over the last decade plus. And so that's created a shrinking supply of parking because now when developers build something, they're building only as much as they need, sometimes not even as much as much as they really need, because then they can still rely upon other ancillary parking structures within the immediate marketplace. And so, so there's a shrinking supply of parking. And every city that we own in today there's a massive shrinking supply of parking. So that's big piece of it that we know that inevitably, if we get the location right, an area where literally, you wouldn't be able to afford, based on the cost of construction and the cost of lands, they wouldn't be able to afford even building new parking structure, if you so chose to. And now that there's also a shrinking supply, diminishing supply, of this parking that we can be comfortable in our demand for our product, and so to the point of like autonomous vehicles and things of that nature, I do think there will be a time. I don't know how long that time is. I do think that there will be a time where we'll see some sort of impact. I don't know what that is. And so how we underwrite deals is we feel very confident over the next 10 years. We have to have a absolute confidence level over the next 10 years that there's going to be continual demand based on the various factors within this marketplace, the demand drivers that are servicing that garage, like, who's parking there, why they're parking there. But second to that, when we. Buy something. We need to have the air rights. We know that there inevitably will be a higher and better use. So Location, location, location, it's got to make sense today as parking. We got the underwriting has to stand on its own as parking, and we have to have a comfort level that 10 years, there will be sufficient demand throughout the duration of the next decade, in the event things start changing down the road, we know that, literally, the lowest use that it could ever have is its present use, which is parking because it's just a concrete structure, sometimes just an asphalt parking lot, to where, once you go vertical, that's where you're going to be able to unlock a lot of additional potential. And so we don't underwrite the future. We look at that as icing on the cake. But we know, based on the the location, the proximity to, you know what else is happening in that marketplace, that location will be in demand, not just today, but many decades to come. So I'll stop there and see if you have any clarifying questions.   Keith Weinhold  30:51   I think about how for the parking lot investor, Jamie Dimon has been really good for you. He is so hard on the return to Office. Mandate?   Kevin Bupp  31:01   Yeah, I'd say one thing that's important to make note is, I don't know what the future holds for office I tend to make the argument that wherever picking office building in a marketplace, wherever they're at with occupancy today, I think it's probably as good as it's going to get. We don't have to go down that rabbit hole. But I just I feel like it's been long enough since covid. And don't get wrong, there's gonna be a few companies that are going to be pressed that are going to be pressing, you know, in a big way, to get people back, but I think 80% of them that we're going to go back are already there. And so any parking asset that we look at, if it's got more than 10 or 15% as far as relationship with an office building or multiple office buildings in immediate vicinity, then we typically pass on it. And on top of that, it's got to have a variety of demand drivers. So it just can't be supportive of one or two different demand drivers. We have have at least five. And so it can be a courthouse, municipal buildings, sports arenas. It's got to be a 24/7 city where there's something happening, 24 hours a day, seven days a week, hotel, valet, restaurants, retail, things like that. And office has to be a very minimal part of that makeup, or else we just move on, because I don't know how to fix it. How to fix that problem yet. I don't know what's going to you know what the future holds for your traditional office towers, especially the ones that are, you know, 50, 60% vacant at the present time? Yeah, that's interesting, because when you look at a parking lot and you're evaluating its potential and its current use, yeah, you're basically thinking about, what is that tenant mix. You don't want 100% of it to be for one office building. You would probably want a number of uses. That's correct. Yeah, absolutely. Again, like I said, Five is our minimum. I mean, the more the merrier. And I'd say another big piece of it, if we had to look at the different demand drivers and put a value or a hierarchy of what we feel, what are the highest priority demand drivers, transient is the best. I want to know that the folks that are coming there, there's enough attractions in immediate vicinity, and we need to know what those attractions are, and better understand those attractions. But there's a variety of attractions in the immediate vicinity to where it's going to continually attract transient parking. So it's not just it's not a reliance upon one thing. And so, for example, we just closed on a garage in historic Philadelphia, and so it's a block away from Liberty Bell, two blocks from Independence Hall, any of other museums. I mean, like it's it is we talk about location, location, location. It's there that part of Philadelphia has been in demand by tourism for hundreds of years, and I don't foresee that that changing anytime soon. And so 70% of the makeup of the traffic in that garage is made up of transient traffic, so folks that are visiting the various attractions and immediate vicinity. So even if one of those attractions went away, which most of them are historical, they're not going to go away. If one or two did, it still wouldn't have that significant of an impact on the parking demand.    Keith Weinhold  33:36   That's interesting. Okay, a transient customer, not one that's showing up and parking there every day to go to work. And yes, the Liberty Bell, Independence Hall, there's going to be a long term demand to see those sorts of things in person. So that's an interesting way to think about that. And Kevin, while we've been talking about parking, at least in my mind's eye, a lot of times, I've just been thinking about one paved at grade parking area, but we're talking about parking garages as well. Or what are some of the trade offs there between parking garages and an at grade parking lot?    Kevin Bupp  34:08   Yeah, I mean, at grade parking lot is, can't get any simpler than that. I mean, typically they're asphalt or sometimes just crushed gravel, but that's it. So as far as future capex requirements, there's not many, right? It's very, very minimal. Whereas a parking garage, especially if it's in a colder environment, where there's snow and you've got salt on the road, salt that's making its way up the concrete, seeping into the cracks, you've got structural rebar issues to worry about, things of that nature. So weather can take a major toll on parking structures if they're not maintained well. Whereas you know the worst that could happen the same weather, you know, the weather takes the same toll on these asphalt parking lots, but it really only equates to maybe a pothole that you have to fill in, and a parking structure could be deteriorated to the point of no return if it's been neglected long enough to where it might be unsafe, structurally where you know now you're you're getting condemned or shut down. So big considerations there, it's interesting. We Own, the one we own in Phoenix, the Phoenix, it's a desert. It's a desert climate. They get very little moisture. And that was that parking garage was built in the 60s, so very long time ago. It's the oldest thing we have in our portfolio, but it better condition has been preserved better than that of of a recent garage we purchased that was built in 1990 that's all the environment that's in. You know, there's really not much that can deteriorate concrete once in the desert.    Keith Weinhold  35:22   Was there any last thing on parking lot investing like something that gets an investor really interested in this asset class? What's really compelling and profitable about it?   Kevin Bupp  35:33    It's very technology driven business, and what we have found is a lot of these parking assets, of either they're owned by, you know, an individual investor, or if they happen to be owned by an institution, they've never been viewed as the primary investment vehicle. A lot of institutions that own parking garages, they happen to own them by default, because maybe they bought the two office towers years back, and it just happened to come with parking right? And so a lot of times, they've been somewhat neglected, like the PnL has been neglected. They haven't found ways to really extract all the value out of these parking facilities. And so very commonly, we'll go in and we'll find that the technology that's in place is 10 years old. And think about what a computer 10 years ago look like, right? Like it's you're not catching all the license plates. You're not able to log in and adjust pricing in a dynamic manner based on supply, demand factors. And so we can simply go in and just create a more efficient pricing model and find sometimes, you know, 10 15% of additional revenue just from doing those simple things, like literally a few $100,000 worth of upgrades and technology, we can add millions of dollars of value. There's other factors, you know, just simple things folks want to park in a not just clean and safe, but well lit. You know, they want to feel safe in lighting. And we'll find parking facilities that still have old halogen lights. Half of them are burnt out. If you start serving people, they're actually not parking there in the evenings. They're finding somewhere else to go because they don't feel safe. And so just going in and doing a revamp, you know, an upfit with LED lights, making it nice and bright, bright and clean and letting everyone feel safe, we'll find a instant increase in demand and Parkers in the later evening hours. So I mean just little simple operational tweaks that we can make that just have simply been overlooked for many, many years by the prior ownership groups.    Keith Weinhold  37:15   That's really interesting, that oftentimes the owner of a parking lot owns that parking lot as an afterthought, because they were in it to purchase the building that accompanies the parking lot. So it would make sense that when you focus on that parking lot, you could really add value and profitability to that lot. Well, Kevin, these have been interesting chats between mobile home park investing and parking lot assets. I think that the commonality here is that you the investor, are just owning a lot, and therefore the maintenance and hassles with these things are really low. This gives our audience an awful lot to think about. So Kevin, are there any last thoughts that you have about this space overall, and then please let us know how our audience can learn more.    Kevin Bupp  38:02   No additional thoughts. I don't believe I'd say that if you have an interest, if we've piqued your interest at all, we've written a number of white papers on both asset classes, both parking as well as mobile home parks. You can download all that for free on our website. Invest with sunrise.com We've got a number of other case studies on our website. We're pretty transparent. Well, what we buy, what we've owned, what we've exited out of. We'll go as far as providing appraisal reports and third parties and things like that on our website. So if you just want to get a sense of not just who we are, what we do, but just have a better understanding of the investment thesis behind parking and manufactured housing, there's tons of resources that you can download from the website.    Keith Weinhold  38:37   Well, that's a great way to learn more about Kevin, what he does, and then maybe even invest alongside him. Well, Kevin, it's been valuable and eye opening. It's been great to have you back on the show.    Kevin Bupp  38:46   Yeah, thanks for having me, Keith. Been a lot of fun, my friend. Good seeing you again.   Keith Weinhold  38:57   Yeah? Good stuff from Kevin there. The MHP space becoming more consolidated and corporatized too. You know, single family rentals are different from mobile home parks in that way. I mean, 90% of single family rentals are owned by small mom and pops, which means those people that own between just one and five properties, Kevin used the term loss to lease a few times. That phrase loss to lease being a real estate education show what that term means is really a lot like how it sounds. It is the potential income that a property owner misses out on because the actual rent collected is less than the current market rent. That's what loss to lease means. Though, I like the long term future of mobile home parks more than parking deals. You know, Kevin did, though, have some great answers for why he still likes parking. He focuses on a 10 year horizon. He. Looks for at least five use types for the parking. And then another great point is that in a lot of cases, the land that the parking occupies is its lowest use. So therefore, when they sell the parking area, they can get some nice exit income. That makes a lot of sense. And being two native Pennsylvanians like we are, I am familiar with that part of Philly that he's talking about. In fact, what's funny is that, in producing this show today, I guess cookies are doing their thing. This parking lot deal in Philly just appeared in my Instagram feed next week on the show, it'll be back to no guest. It's going to be all me, and you're going to hear some things that you wouldn't expect to hear Until then, I'm your host, Keith Weinhold, don't quit your Daydream.   Dolf Deroos  40:51   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.   Unknown Speaker  41:19   The preceding program was brought to you by your home for wealth, building get richeducation.com

In this episode of WORK, Erika is joined by Kelly Bensimon - former model, Real Housewife of New York, author, and now one of New York’s top luxury real estate brokers - to discuss how reinvention, resilience, and fearlessness have defined her career. Erika also reflects on Gen Z dipping into retirement savings, Jamie Dimon’s advice to step outside your lane, and David Ogilvy’s timeless lessons on owning your shortcomings.See omnystudio.com/listener for privacy information.

Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.to contact me:bobbycapucci@protonmail.com

There's been persistent speculation that Jamie Dimon, long-time CEO of JPMorgan Chase, might make a run for the U.S. presidency or at least take a high-tier government role. Some analysts and commentators have pointed to his reputation as a steady, pragmatic leader who speaks openly on economic and geopolitical issues as evidence that he could mount a compelling candidacy. For instance, a Yale SOM piece noted that his stature as a “systemic stabilizer,” combined with his willingness to critique U.S. policy, gives him appeal in periods of political turbulence.Despite this, Dimon has consistently downplayed or rejected the idea of running. He has said the notion of him winning is unlikely, and he has emphasized the demands of his family life, the lack of prior political experience, and his commitment to JPMorgan as reasons he wouldn't pursue it.In his deposition held on May 26, 2023, Jamie Dimon asserted under oath that he had never met, emailed, or communicated with Jeffrey Epstein, and claimed he was not involved in any internal decisions regarding Epstein's bank accounts.  He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.  Afterward, JPMorgan argued internally that his testimony was “crystal clear” and sought to block any further depositions of Dimon in the case, saying the existing record showed no involvement.to contact me:bobbycapucci@protonmail.com

There's been persistent speculation that Jamie Dimon, long-time CEO of JPMorgan Chase, might make a run for the U.S. presidency or at least take a high-tier government role. Some analysts and commentators have pointed to his reputation as a steady, pragmatic leader who speaks openly on economic and geopolitical issues as evidence that he could mount a compelling candidacy. For instance, a Yale SOM piece noted that his stature as a “systemic stabilizer,” combined with his willingness to critique U.S. policy, gives him appeal in periods of political turbulence.Despite this, Dimon has consistently downplayed or rejected the idea of running. He has said the notion of him winning is unlikely, and he has emphasized the demands of his family life, the lack of prior political experience, and his commitment to JPMorgan as reasons he wouldn't pursue it.In his deposition held on May 26, 2023, Jamie Dimon asserted under oath that he had never met, emailed, or communicated with Jeffrey Epstein, and claimed he was not involved in any internal decisions regarding Epstein's bank accounts.  He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.  Afterward, JPMorgan argued internally that his testimony was “crystal clear” and sought to block any further depositions of Dimon in the case, saying the existing record showed no involvement.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

There's been persistent speculation that Jamie Dimon, long-time CEO of JPMorgan Chase, might make a run for the U.S. presidency or at least take a high-tier government role. Some analysts and commentators have pointed to his reputation as a steady, pragmatic leader who speaks openly on economic and geopolitical issues as evidence that he could mount a compelling candidacy. For instance, a Yale SOM piece noted that his stature as a “systemic stabilizer,” combined with his willingness to critique U.S. policy, gives him appeal in periods of political turbulence.Despite this, Dimon has consistently downplayed or rejected the idea of running. He has said the notion of him winning is unlikely, and he has emphasized the demands of his family life, the lack of prior political experience, and his commitment to JPMorgan as reasons he wouldn't pursue it.In his deposition held on May 26, 2023, Jamie Dimon asserted under oath that he had never met, emailed, or communicated with Jeffrey Epstein, and claimed he was not involved in any internal decisions regarding Epstein's bank accounts.  He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.  Afterward, JPMorgan argued internally that his testimony was “crystal clear” and sought to block any further depositions of Dimon in the case, saying the existing record showed no involvement.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

I soldi facili sono sempre stati un potente afrodisiaco finanziario. L'establishment di Wall Street abbraccia ciò che prima aveva rifiutato: la criptovaluta. Jamie Dimon, capo di JPMorgan, che una volta ha descritto le criptovalute come "una frode”, ora dice che la sua banca potrebbe utilizzare le criptovalute dei clienti come garanzia per concedere prestiti. Un gigantesco cambiamento di rotta.Nel frattempo, Donald Trump, che aveva anche lui liquidato le criptovalute, ha intensificato i suoi attacchi alla Federal Reserve, l'istituzione incaricata di preservare l'integrità del dollaro (che gli appassionati di criptovalute vedono come il problema) a tutto vantaggio della "sua" stablecoin privata.Per comprendere l'economia, bisogna comprendere la natura umana.Puoi trovarci su tutte le piattaforme di podcast, inclusa la tua preferita.web:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠http://pianoInclinato.altervista.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Newsletter Alieno Gentile: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://alienogentile.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Retail sales are still surprisingly strong Although the labor market has been softening and consumers say they are worried about inflation, people are still spending money. August retail sales were up 5% compared to last year and if the annual decline of 0.7% in gasoline stations was excluded, sales would have increased 5.5% compared to last August. Strength was broad based in the report and outside of gasoline stations the only other major categories that saw declines were department stores where sales were down 1% and building material & garden equipment & supplies dealers, which fell 2.3%. Non-store retailers continued to be a dominant category as sales climbed 10.1% and food services and drinking places still saw impressive growth of 6.5%. It's because of reports like this that I worry the Fed may make a mistake if they cut rates too quickly. If they overstep, they run the risk of overheating the economy and putting added pressure on inflation.    Are quarterly reports necessary for public companies? President Trump floated the idea of switching company reports from quarterly to semiannual. It appears Trump believes this will help companies focus more on the long-term business performance rather than fixating on short-term quarterly numbers. There's also hope this will save time and money for public corporations. The SEC acknowledged they are actively looking into the plan as a spokesperson for the agency stated, "At President Trump's request, Chairman [Paul] Atkins and the SEC is prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies." Being a long-term investor, I can see the benefits of changing this requirement as one quarter should not dictate your decision on whether you should buy, sell, or hold a business. Ultimately, a change like this wouldn't have a real impact on my investment philosophy and if this enabled companies to focus more on the long term and helps with costs, I would be in favor of giving companies the option to make this switch. In terms of the long-term focus, both Jamie Dimon and Warren Buffett have spoken out against not necessarily the quarterly reports, but the quarterly guidance. In a 2018 op-ed piece for the Wall Street Journal, the pair said, “In our experience, quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy, growth and sustainability.” As for the regulatory burden, I'm sure there is hope this would help entice companies to come public. There has been a huge shift in companies staying private longer and I do believe the compliance piece deters some from coming public. I'm sure there are other reasons for staying private, including control and other liquidity avenues that weren't as prominent years ago. Nonetheless, it is concerning that the number of publicly listed companies in the U.S. has fallen from more than 7,000 in 1996 to around 4,000 today.    Is your financial advisor "quiet retiring"? You may not completely understand what “quiet retiring” means, but a few years ago, my son Chase and I were on the Dr. Phil Show because they were doing an episode on what they called “quit quitting”. Chase and I were on the pro side for business and working hard, while the other side essentially felt they should still get paid the same amount and not work hard. So, I have coined the phrase, “quiet retiring”. I have been seeing this happen in the financial service industry, especially considering the fact that the average US financial advisor is 56 years old. I have noticed more of them feel they deserve to play more golf or travel more than the average person since they seem to be in retirement mode. They are not telling their clients this and they have their admin staff handle most of the routine details so you, the client, really don't know that they are not working that much behind the scenes. Hence the term "quiet retiring". Something you definitely should find out is how much your financial advisor is working? Especially if they're in their mid to late 50s because you may not have the person with the most experience watching your investments. This is very important when it comes to preparing for and weathering through difficult times. If your financial advisor is talking about retiring in the near future, be sure to understand fully what the succession plan is and who you will be dealing with. It has now been known in the industry for a few years that the average age of financial advisors is getting older and less younger advisors are coming into the industry. Be sure you understand who your financial advisor really is, who is watching your portfolio and is your investment advisor one of those that is quiet retiring?   Understand the risk of low rated bonds Some investors rightly so have started selling some stocks and they are not excited about buying more stocks at this time. As we've been saying for quite a while now, we think this is a wise move to sell some stocks that are overpriced, but unfortunately, it seems investors got used to the high returns and they have turned to low rated high-yield bonds. According to JPMorgan Chase, issuance of junk rated bonds and loans hit a monthly record of $240 billion in July. In 2025, $930 billion has been raised through junk bonds and loans. Add that to the over $1 trillion in junk bonds from 2024 and you can see that the risk for investors is starting to increase. Most investors will not buy these individual junk bonds, but they have been plowing money into the high yield mutual funds and exchange traded funds, also known as ETFs. If you dig a little bit deeper, you find some companies are raising money foolishly like a company called TransDigm Group. The company issued nearly a $5 billion high yield bond in August to pay a dividend to their shareholders. We like companies that pay dividends, but it should be from cash flow not from borrowing money that has to be paid back. Business development companies are also back in the news, and these businesses make private loans to small and midsize companies. Over the 12-month period ending in June, private loan activity increased by 33%. I have similar concerns with business development companies and private credit, which I believe will have a crash sometime in the future and cost investors more money than they anticipated. The current default rate on higher yield bonds is 4.7%, which is not bad, but it is not good either. If interest rates on the long end were to increase, which I think is a good possibility the need for debt increases. This could slow the economy and cause some of these smaller companies that have these high-yield loans to default and file bankruptcy, which means investors would lose money. It is nice to get a 10 to 20% return on your portfolio, but sometimes when things are expensive, you have to be conservative and while that may cost you some of the upside, the downside can be a lot nastier than you realize!   Financial Planning: Dealing with underwater cars About a quarter of vehicles traded in today carry negative equity, with the average shortfall around $6,500. This happens because cars depreciate quickly, and the trade-in value offered by a dealership is the lowest number you'll see—less than what you might get in a private sale, and well below the dealer's eventual resale price.  Because of this depreciation, about 40% of financed vehicles on the road carry negative equity. While it's possible to roll negative equity into a new auto loan, that often creates a deeper hole: you're financing more than the car is worth, and the new vehicle immediately begins its own depreciation cycle. Lenders may approve the loan, but the higher loan-to-value ratio can lead to higher interest rates or tighter terms. GAP insurance can be used to cover the difference between a car's actual value and what's owed in the event of a total loss, but it doesn't prevent the financial strain of trading in too early, and it comes with an extra cost. With so many vehicles underwater, the safer move for most people is to keep driving the current car until the balance catches up with its value rather than trading in and compounding the problem or bring more cash to the deal, so you don't have to finance as much.   Companies Discussed: Zillow Group, Inc (Z), Workday, Inc. (WDAY), Lyft, Inc. (LYFT) & Synopsys, Inc. (SNPS)

Courtney Wild and Haley Robson, two women who say they were abused by Jeffrey Epstein, filed a defamation lawsuit against journalist Julie K. Brown in 2022. They argue Brown's book Perversion of Justice contained false claims that harmed their reputations. Wild says the book wrongly described her as having had intercourse with Epstein and being raped, allegations she denies. Robson, meanwhile, claims Brown portrayed her as complicit in Epstein's operations after she refused to be interviewed for the book.According to the lawsuit, Brown's reporting left both women branded in ways that distorted their roles in the Epstein saga, causing reputational damage and emotional distress. The plaintiffs allege that Brown pressured them and misrepresented facts for dramatic effect, leaving them to suffer fallout in their personal and professional lives. The case underscores the tensions between journalistic storytelling and survivor testimony in high-profile abuse investigations.Courtney Wild and Haley Robson, both survivors of Jeffrey Epstein's abuse, wrote powerful letters to top executives at JPMorgan—among them CEO Jamie Dimon—accusing the bank of enabling Epstein's conduct by keeping him as a client for many years, despite knowing or having reason to know that there were serious abuse allegations. They ask JPMorgan to acknowledge that it benefited from the relationship (through transactions, accounts, etc.), to admit wrongdoing or mistakes, and to take steps to make amends—both to them and to other survivors. Wild and Robson frame their demand not just in moral terms but in legal and institutional accountability: that the bank should own up, not hide behind fine print or internal policies.They also stress that JPMorgan's public statements and depositions (including Jamie Dimon's) have downplayed or denied knowledge of Epstein's abuse or minimized the bank's role. In their letters, they challenge that narrative: they maintain that JPMorgan had ample warning of red flags and thus cannot claim complete ignorance. They call for transparency—release of internal documents, full cooperation, and concrete reforms—to ensure what happened with Epstein doesn't happen again under the bank's watch.to contact me:bobbycapucci@protonmail.com

Courtney Wild and Haley Robson, two women who say they were abused by Jeffrey Epstein, filed a defamation lawsuit against journalist Julie K. Brown in 2022. They argue Brown's book Perversion of Justice contained false claims that harmed their reputations. Wild says the book wrongly described her as having had intercourse with Epstein and being raped, allegations she denies. Robson, meanwhile, claims Brown portrayed her as complicit in Epstein's operations after she refused to be interviewed for the book.According to the lawsuit, Brown's reporting left both women branded in ways that distorted their roles in the Epstein saga, causing reputational damage and emotional distress. The plaintiffs allege that Brown pressured them and misrepresented facts for dramatic effect, leaving them to suffer fallout in their personal and professional lives. The case underscores the tensions between journalistic storytelling and survivor testimony in high-profile abuse investigations.Courtney Wild and Haley Robson, both survivors of Jeffrey Epstein's abuse, wrote powerful letters to top executives at JPMorgan—among them CEO Jamie Dimon—accusing the bank of enabling Epstein's conduct by keeping him as a client for many years, despite knowing or having reason to know that there were serious abuse allegations. They ask JPMorgan to acknowledge that it benefited from the relationship (through transactions, accounts, etc.), to admit wrongdoing or mistakes, and to take steps to make amends—both to them and to other survivors. Wild and Robson frame their demand not just in moral terms but in legal and institutional accountability: that the bank should own up, not hide behind fine print or internal policies.They also stress that JPMorgan's public statements and depositions (including Jamie Dimon's) have downplayed or denied knowledge of Epstein's abuse or minimized the bank's role. In their letters, they challenge that narrative: they maintain that JPMorgan had ample warning of red flags and thus cannot claim complete ignorance. They call for transparency—release of internal documents, full cooperation, and concrete reforms—to ensure what happened with Epstein doesn't happen again under the bank's watch.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

Courtney Wild and Haley Robson, two women who say they were abused by Jeffrey Epstein, filed a defamation lawsuit against journalist Julie K. Brown in 2022. They argue Brown's book Perversion of Justice contained false claims that harmed their reputations. Wild says the book wrongly described her as having had intercourse with Epstein and being raped, allegations she denies. Robson, meanwhile, claims Brown portrayed her as complicit in Epstein's operations after she refused to be interviewed for the book.According to the lawsuit, Brown's reporting left both women branded in ways that distorted their roles in the Epstein saga, causing reputational damage and emotional distress. The plaintiffs allege that Brown pressured them and misrepresented facts for dramatic effect, leaving them to suffer fallout in their personal and professional lives. The case underscores the tensions between journalistic storytelling and survivor testimony in high-profile abuse investigations.Courtney Wild and Haley Robson, both survivors of Jeffrey Epstein's abuse, wrote powerful letters to top executives at JPMorgan—among them CEO Jamie Dimon—accusing the bank of enabling Epstein's conduct by keeping him as a client for many years, despite knowing or having reason to know that there were serious abuse allegations. They ask JPMorgan to acknowledge that it benefited from the relationship (through transactions, accounts, etc.), to admit wrongdoing or mistakes, and to take steps to make amends—both to them and to other survivors. Wild and Robson frame their demand not just in moral terms but in legal and institutional accountability: that the bank should own up, not hide behind fine print or internal policies.They also stress that JPMorgan's public statements and depositions (including Jamie Dimon's) have downplayed or denied knowledge of Epstein's abuse or minimized the bank's role. In their letters, they challenge that narrative: they maintain that JPMorgan had ample warning of red flags and thus cannot claim complete ignorance. They call for transparency—release of internal documents, full cooperation, and concrete reforms—to ensure what happened with Epstein doesn't happen again under the bank's watch.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Story of the Week (DR):Lachlan Murdoch Secures Control of Fox and News Corp, Ending Succession FightLachlan Murdoch is confirmed as Rupert Murdoch's successor, gaining control over the family's media empire (which includes Fox Corporation and News Corp). Prudence MacLeod, Elisabeth Murdoch, and James Murdoch—three of Rupert's older children—will each receive about US$1.1 billion. They will sell their holdings in Fox and News Corp and give up beneficial/trust rights in those companies.Apart from full siblings Elisabeth and James Murdoch, Lachlan has three half-siblings, an elder half-sister Prudence, and two younger sisters by his father's third marriage, Grace and Chloe. A new family trust will be set up benefiting Lachlan and Rupert's younger daughters, Grace and Chloe. That trust will hold controlling voting shares in Fox and News Corp. The three older siblings will no longer be beneficiaries in the trust(s) connected to Fox and News Corp. They also give up any voting rights held via those trusts. Rupert Murdoch, despite handing over the control structure, retains a role as Chairman Emeritus. The new trust arrangement secures Lachlan's control over the companies through 2050. One of Rupert Murdoch's concerns was the possibility that the more moderate siblings (Prudence, Elisabeth, James) could shift the political or editorial leanings of Fox/News Corp after he's gone. The new structure is designed to prevent that.Senators Call for Hearings About JPMorgan's Ties to Jeffrey EpsteinDemocrats want CEO Jamie Dimon to testify about keeping Epstein as a client until 2013Epstein had dozens of accounts at JPMorgan's private bank and communicated often with bank executives, connecting them to his wealthy contacts, ties The Wall Street Journal first reported in 2023 to be deeper than understood. Epstein was a JPMorgan client before and after he was convicted of soliciting a minor for prostitution in 2008 and forced to register as a sex offender.Trump Epstein letter and drawing from ‘birthday book' releasedEric Trump removed from the ALT5 board of directors after discussion with the Nasdaq Stock Market LLCTrump's second son, Eric Trump, was removed from the ALT5 board of directors. According to the SEC filing, the change was made after discussion with the Nasdaq Stock Market LLC, therefore, the change was in order to comply with Nasdaq's listing rules.It is still unclear which of the Nasdaq rules caused Eric Trump to be removed. The closest reason would be the rule that requires a majority of board members at listed companies to be independent. However, if Trump didn't qualify as independent, other members would have also been removed, which was not the case.after discussion with The Nasdaq Stock Market LLC … and in order to comply with Nasdaq's listing rules.” He is now a board observer: While he was originally announced as a full board member, Eric Trump has been reassigned to observer status — meaning he can attend meetings but doesn't have voting power.Larry Ellison's $100 billion day reminds us why David Ellison could buy ParamountLarry Ellison, co-founder of Oracle, recently saw his net worth jump by around US$100 billion in a single day due to a spike in Oracle's stock.Larry's wealth was a key factor enabling his son, David Ellison, to acquire Paramount.David Ellison's position is less pressured because his father's vast wealth gives him a kind of “cushion” — meaning that even if some deals don't go well, he can withstand the backlash more than many media owners could.Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. DiscoveryThe majority of the planned bid for Warner will be made up of cashA Key to Larry Ellison's Wealth Creation: Years of Oracle Stock BuybacksOracle has used aggressive stock buybacks over the past 15 years as a major lever to boost shareholder value—and especially to amplify Larry Ellison's personal wealth. Oracle has aggressively repurchased its own shares over roughly the last 15 years — reducing its outstanding share count by nearly 45%. Because Larry Ellison held roughly the same number of shares, his ownership percentage rose from ~23% to around 41% without buying more stock.This buyback strategy significantly boosted the value of Ellison's stake — Barron's estimates that without the buybacks, his stake might have been worth only $215 billion instead of the current ~$387 billion.Ellison didn't need to purchase additional Oracle shares to increase the value of his investment—he benefited from the shrinking pool of shares and the company's rising valuation.Vanguard Tries To Get Investors Interested In Proxy Voting MMVanguard's trying to get millions of its fund investors involved in big corporate decisions—but so far, most people are still tuning out. That's left folks wondering who really holds sway at America's largest companies.Vanguard's campaign faces a classic case of 'rational apathy', where most index fund investors skip shareholder votes because it feels like a hassle with little impact on their own wallets.Even though Vanguard's Voting Choice program doubled participation to 82,000 people and tripled the dollar value voted to $9 billion, that's tiny compared to the company's 50 million investors and $11 trillion in assets.Studies from Duke, Florida, and Columbia universities show just how overwhelming the sheer number of ballot measures can be—making most people pick broad voting policies, like mainstream or anti-ESG, instead of poring over each decision.While reformers hope wider voting can democratize the system, the early results point the other way: individuals often skip votes or side with management, letting company leaders keep their grip. In fact, last year's Tesla shareholder votes would have failed if Vanguard's index funds had voted like individuals.Financial Services Committee Examines the Shareholder Proposal Process and Proxy Advisory FirmsOn the Impact of Sarbanes-Oxley and Dodd-Frank on Annual Proxy Statements: “Together, these two laws [Sarbanes-Oxley and Dodd-Frank] have driven up costs, increased the length and complexity of proxy statements, expanded the disclosure and oversight process, and fundamentally changed much of the shareholder access to the proxy system,” said Chairman Hill.French Hill: founder, Chair, and CEO of Delta Trust & Banking Corporation from 1999 until 2014. A ninth-generation Arkansan, Hill is a direct descendent of slave plantation owner Creed Taylor who was among the wealthiest 1% of Americans in 1860.On the Cost of Unnecessary and Irrelevant Shareholder Proposals: “Under this flawed system, companies are too often forced to waste valuable time and resources fighting proposals that are irrelevant to the company's bottom line, hurting investors and workers alike,” said Capital Markets Subcommittee Chair Ann Wagner (MO-02)."Allowing a small group of left-wing activists to hijack the proxy proposal process to push social, environmental, DEI, or political objectives totally unrelated to the core business of a company does not advance the cause of capitalism. It undermines capitalism. It corrupts capitalism because it results in the misallocation of resources of the company. It undermines the profitability of the company. It hurts the shareholders,” stated Financial Institutions Subcommittee Chair Rep. Andy Barr (KY-06).Barr believes that abortion should be illegal, including in cases of rape and incestBarr, who's now running for Mitch McConnell's Senate seat, made it clear that he and Musk are joined at the hip. A few days after the “town hall” Barr released a photo of himself standing beside a shiny new Tesla, with a big smile, a thumbs-up, and the caption “Elon Musk sure knows what he's doing!”On How Proxy Advisory Firms Can Deter Businesses from Joining Public Markets: “For many small and medium private companies considering an IPO, the decision often comes down to whether the benefits of accessing public markets outweigh the risk of compliance. But as we have seen in recent years, the shareholder proposal process can be dominated by a small group of activist investors advancing niche political agendas that have little to do with long term value creation. At the same time, proxy advisory firms wield outsized influence over voting outcomes, and [are] operating with limited transparency and potential conflicts of interest. So together, these dynamics can create an uncertainty and additional cost that make public markets less attractive,” declared House Small Business Committee Chairman Roger Williams (TX-25).Williams was listed as the 22nd wealthiest member of Congress in 2018. Williams inherited the family's automobile dealership from his father, who founded the business in 1939.During the COVID-19 pandemic, Williams's Chrysler Dodge Jeep dealership in Weatherford, Texas, received a loan of between $1 million and $2 million as part of the Paycheck Protection Program (PPP);[28][29] the loan was later forgivenGoodliest of the Week (MM/DR):DR: Boone Electric Co-op members can cast drive-thru votes for directorsDR: New Mexico will be the first state to make child care free DR MMThe program, which will start in November and is expected to save families $12,000 per child annually, is available to all residents regardless of income. Gov. Michelle Lujan GrishamMM: Vanguard Finds ESG Voting Policy by Far the Most Popular Choice for Younger InvestorsAssholiest of the Week (MM):Asshole Speed Round! You rate the level of asshole for each, and the top scorers are assholes of the week:Paul Atkins 6SEC chief threatens ban on European accounting rules over sustainabilityThe US is thinking about banning IFRS, used everywhere else, because they don't like the data other countries want to use for investingWe already have feet, miles, and pounds, why not just have our own way to measure things that literally no one else uses?Sam Altman 7‘I haven't had a good night of sleep since ChatGPT launched': Sam Altman admits the weight of AI keeps him up at nightOMG, SHUT UP.Journalists who don't understand dual class shares 5Oracle CEO, one of the world's richest self-made women, just got $412 million richer in 6 hoursCharlie Scharf 10Wells Fargo CEO says Trump is entitled to be vocal about the FedScharf, also on the MSFT board for the enigma of successJamie Dimon 8Jamie Dimon says economy is ‘weakening' but he can't make sense of all the different data: ‘Maybe, one day, AI will fix that problem'JPMorgan processed over $1B for Jeffrey Epstein despite internal concerns over sex offender status: reportReverse justifying Zuck's feckless suckups 10Meta CFO explains CEO Mark Zuckerberg's $600 billion White House pledgeSusan LiBros 10The gender pay gap is getting wider, reversing progressThe pay gap is now back to where it was in 2017, when the burgeoning #MeToo movement drew wide attention to sex discrimination.Everything Charlie Kirk 10There are two things happening simultaneously that are probable root causes in political assassinations today:Hopelessness - Elon Musk is proposing to pay himself 68% of ALL THE WEALTH of the BOTTOM 50% OF US HOUSEHOLDS. If this pay package passes, he will have as much worth as ONE QUARTER of EVERYONE UNDER 40 - 166 million people in the US. We're convinced because he bought a car company and built some rockets using US subsidies he's singular. Combine that with the fact that he's one of 4 billionaire white men who control social media, which tells us EVERY DAY our life sucks and the reason is “the other side” and capitalism support is at a long term low, and people feel there are NO OTHER OPTIONS but to assassinate someone.Men - more than 99% of political violence is committed by men. Out of nearly 10,000 global public companies, 93% are lead by men. 73% of all country level parliamentary seats are male. You know who doesn't shoot people, engage in constant chest thumping, gun toting nationalism? Women. Step aside boys - investors, your opportunity is now, you get to vote on directors. Do some due diligence.Headliniest of the WeekDR: Hot mic catches Zuckerberg admitting his $600 bn vow to Trump was a guess: “Sorry, I wasn't ready… I wasn't sure what number you wanted to go with.”MM: Uber sued by DOJ for alleged discrimination against disabled riders - isn't this, like, SUPER WOKE?Who Won the Week?DR: Every Ellison everMM: Larry Ellison's facial hair - he can finally afford a razorPredictionsDR: David Ellison buys Lachlan's two younger half-sisters (from Rupert's third marriage), Grace and Chloe, and then immediately trades them for 30% ownership in the Winklevoss twins cryptocurrency-exchange company Gemini Space Station MM: THIS time, we won't get thoughts and prayers - we'll get ideological purges!

Tape emerges of the murder of Ukrainian refugee Iryna Zarutka…showing that no one helped her for almost two minutes; in an audacious move, the Israeli Air Force strikes a meeting of top Hamas brass in Qatar; and Jamie Dimon warns that the economy is weakening. Click here to join the member-exclusive portion of my show: https://bit.ly/3WDjgHE Ep.2277 - - - Facts Don't Care About Your Feelings - - - DailyWire+: Order my new book, Lions and Scavengers: The True Story of America (and Her Critics) right now at https://bit.ly/4lVaMEA Watch The Isabel Brown Show now at https://dailywire.com Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw - - - Today's Sponsors: Grand Canyon University - Find your purpose at Grand Canyon University. Visit https://gcu.edu today. Balance of Nature - Go to https://balanceofnature.com and use promo code SHAPIRO for 35% off your first order as a preferred customer, PLUS get a free bottle of Fiber and Spice Cookunity - Go to https://www.cookunity.com/benfree for Free Premium Meals for Life. Thanks to CookUnity for supporting the show! Simplisafe - Visit https://SimpliSafe.com/SHAPIRO to claim 50% off a new system. - - - Socials: Follow on Twitter: https://bit.ly/3cXUn53  Follow on Instagram: https://bit.ly/3QtuibJ  Follow on Facebook: https://bit.ly/3TTirqd  Subscribe on YouTube: https://bit.ly/3RPyBiB - - - Privacy Policy: https://www.dailywire.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Chuck Zodda and Marc Fandetti discuss the PPI data unexpectedly dropping 0.1% instead of the predicted rise of 0.3%. The Fed easing too much is a massive gamble. Jamie Dimon says the US economy is weakening after record BLS revision. Judge blocks Trump from removing Fed Gov Lisa Cook. Todd Lutsky joins the show to explain how to limit estate tax exposure.

Bruce and Gaydos explain why the CEO of JP Morgan Chase, Jamie Dimon, is concerned that the economy is weakening.

Scott Wapner and the Investment Committee are lives in Huntington Beach, California at Future Proof, a gathering of financial advisors and Investment professionals.  We are joined by Dan Ives of Wedbush Securities to look ahead to the Apple Event at 1pm.  Plus, Blackrock's Rick Rieder joins us later to talk about everything from the market, the fed, rates and more. And later, CNBC's Leslie Picker brings us an interview from JPM's Jamie Dimon to talk about his new HQ in NYC. 

Les Csorba is a trusted advisor to some of the world's most influential leaders, including Fortune 500 CEOs, U.S. Presidents, governors, and global nonprofit heads. A longtime senior partners at Heidrick & Struggles, he has spent over three decades advising on leadership decision-making, CEO succession, and boardroom transformation. His new book, "Aware: The Power of Seeing Yourself Clearly" draws from over 75,000 assessments and interviews with the likes of Jamie Dimon, Darren Woods, Christ Wright, and more. Learn more about Les at www.lescsorba.com. This episode is brought to you by "Weekly Wealthy Wisdom", my free e-newsletter that you can receive every Monday by signing up at https://lp.constantcontactpages.com/su/8HtkZbP 

n June 2023, lawyers representing Jeffrey Epstein's victims sued JPMorgan asked U.S. District Judge Jed Rakoff to recall Jamie Dimon—and two other executives—for fresh depositions. They argued the bank strategically delayed production of key documents—such as a 22-page email timeline and internal Epstein-related review materials—delivered only after Dimon's May 26 deposition, thereby depriving plaintiffs the chance to question him on them. The late disclosure, including documents produced “5:45 p.m. on a Sunday,” was described by one attorney as “untimely” and “inexplicably slow”Judge Rakoff flatly denied the request for additional depositions of Dimon and other JPMorgan officials, ruling the existing record was sufficient and closing the door on calls for re-questioning. Thus, although plaintiffs sought to enhance accountability and clarity using newly surfaced evidence, the expected opportunity to revisit Dimon's testimony never materialized.to contact me:bobbycapucci@protonmail.comsource:Lawyer for Jeffrey Epstein accuser wants to question JPMorgan Chase CEO Jamie Dimon again | Fox BusinessBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Welcome back to Truth, Lies & Work, the award-winning podcast where behavioural science meets workplace culture — brought to you by the HubSpot Podcast Network. Hosted by Chartered Occupational Psychologist Leanne Elliott and business owner Al Elliott, we're here to simplify the science of work. This week, we're rolling out a brand-new format: Ranking the Wildest Workplace Stories of 2025. From four-day weeks to CEO meltdowns, overemployment scams to viral kiss cams, these are the headlines shaping work this year — and we're grading them like a school report card. Some get an A+. Some fail spectacularly. All of them tell us something about where work is headed.

In sworn deposition testimony in May 2023, JPMorgan CEO Jamie Dimon claimed he had no knowledge of Jeffrey Epstein or his activities until Epstein's 2019 arrest. He denied ever meeting or speaking with Epstein and said any suggestions otherwise were based on misunderstandings. Dimon characterized Epstein as a “disaster” and said he was horrified by the revelations of trafficking and abuse, emphasizing that decisions regarding Epstein's client relationship were handled by other executives at the bank. He maintained that he played no role in approving or maintaining Epstein as a client during or after his criminal conviction.While continuing to deny legal liability for JPMorgan, Dimon acknowledged the bank's association with Epstein was a mistake, admitting “we unfortunately continued to bank him” even after his 2008 guilty plea. He expressed regret for not acting sooner to sever ties and involve law enforcement more decisively. Dimon offered a personal apology to Epstein's victims—not for wrongdoing on his own part, but for the bank's failure to act more quickly—saying he would apologize directly to them for any harm that may have been compounded by JPMorgan's continued dealings with Epstein.to contact me:bobbycapucci@protonmail.comsource:JPMorgan CEO Jamie Dimon regrets Jeffrey Epstein relationship (cnbc.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

We've always said to understand the economy, you have to understand human nature, and nothing reveals that better than watching the biggest players do a Godfather-style U-turn for easy money. In this episode, we connect the dots between Marlon Brando's Don Corleone and Jamie Dimon's pivot from calling crypto “a fraud” to using it as loan collateral, all while the President of the United States holds stakes in coins of his own. We unpack how the $2 trillion crypto market has morphed from anti-Wall Street rebellion to one of the most powerful lobby groups in America, funnelling cash to Congress to rewrite the rules. Along the way, we lift the lid on stablecoins, explain why money is a public good (not a private printing press for the TikTok age), and ask what happens if the dollar's last line of defence, the Fed, gets taken out. Life imitating art imitating life… and the ending might not be pretty. Hosted on Acast. See acast.com/privacy for more information.

As usual, AI slop shownotes. They're all about 30 seconds off due to theme music. Enjoy! The Jacks start in Hong Kong's downpour before unpacking Tasmania's post‑election arithmetic and a machete “amnesty” with bins outside cop shops. They wade through protests, policing, and the far‑right's antics, then dig into the Gareth Ward case and the thorny politics of expulsion. There's a sharp turn into AI copyright fights, family life vs screens, and a listener letter on pilot mental health.Mid‑show is a deep dive on ME/CFS's genetic breakthrough, then a long, unsentimental look at Gaza, Hamas, ceasefires, and who could plausibly govern anything next. Stateside, Tulsi, Brennan, Mueller, and the Epstein files swirl together with youth‑vote and gerrymander chat. They close with sport: Wallabies' best fortnight in ages, a cracking England–India Test, Ashes nerves, AFL chaos at Melbourne, and a quick NRL/Swans CEO note—before ending on a Trader Joe's chicken funeral and a cheeky Ozempic joke.Chapters00:00:00 — Hong Kong's black rainTriple black rain signals; ~300mm in a day at Mid‑Levels.City empties as people stay home; flood photos doing the rounds.00:01:36 — Tasmania's numbers gamePremier commissioned without a majority; Greens won't move no‑confidence.Governor Barbara Baker's “test it on the floor” remark and what's in scope.Labor/Greens maths; low appetite for another poll, but conditions exist.00:05:49 — Bins for blades: the machete “amnesty”Drop‑off slots outside police stations; comparison to firearms amnesties.Media flurries vs actual incident data; last big cluster months ago.00:07:21 — Protests, policing, and the far‑rightSydney Bridge March crowd size; VIPs photographed with Khamenei backdrop.Nazis on Parliament steps in balaclavas; state‑by‑state policing contrasts.Flags, chants, and where police draw the line on intervention.00:14:18 — The Gareth Ward messConviction details; bail, incarceration, and expulsion difficulty.Kiama re‑election as an independent, salary while imprisoned.Appeals, precedent, and public disgust.00:20:20 — Farewells and AI fightsDavid Dale and Col Joy remembered.Productivity Commission's AI stance; artists vs scraping; Zuckerberg's book haul.Peter Garrett's industry savvy; JP Morgan's internal AI rollout.00:26:16 — Kids, screens, and breakfastThe great iPad panic; why we don't judge strangers' mornings.Family meals are good; mind your own business is better.00:28:23 — Mailbag: pilots and mental healthFAA caution vs counselling stigma; past “deliberate crash” cases.Policy that pushes people away from help is bad policy.00:31:10 — ME/CFS: genetics change the storyDecodeME links to immune and nervous system pathways.It's physiological, not psychosomatic; GET/CBT harm for PEM sufferers.RACGP guidance lag vs UK/US updates; a long‑overdue turn.00:37:10 — Gaza, Hamas, and the absence of good options2005 pull‑out, tunnels, aid skimming; ceasefire vs aid corridors.Who could govern Gaza; peacekeepers, UNRWA skepticism, and Hamas reality.Ehud Barak's Qatar funding allegations; elections, starvation, ethics.01:03:21 — US politics: Russiagate reruns and Epstein filesTulsi's evolution; Brennan on TV; Mueller was Trump‑era appointed.“Lock her up” vs AI Obama arrest video; the file‑release calculus.Youth‑vote shifts; Republicans' state‑house gerrymanders.01:21:42 — Media Watch vs SkyThe TikTok immigration clip Sky ran and then pulled.Why mainstream reporting beats cherry‑picked viral outrage.01:24:44 — Sport: a proper weekendWallabies find a game fans can love; Lions tour lifts the code.England–India: great chase, Siraj's spell, and pressure's toll.Ashes preview: Bazball mettle in Aus conditions; pace attack is the key.AFL: Simon Goodwin sacked, Melbourne chaos, Adelaide surging; NRL Panthers steady.Swans appoint Matthew Pavlich CEO.01:36:54 — Chicken funerals and closingA full black‑robed rite in a US supermarket.“Put Ozempic in the water” gag; letters and see‑you‑next‑week.Notable quotes00:00:25 — “We had three black rain signals… 300 mils in a day here at Mid‑Levels.”00:03:31 — “It's not for the governor to be deciding when numbers are tested.”00:06:01 — “Bins outside the police station so miscreants can slide the machete through the slot.”00:08:43 — “They stood on the steps of Parliament and zig‑hiled their way across that protest.”00:14:09 — “Personally, I think let people tell you who they are.”00:18:50 — “He's essentially been convicted of rape… he's going to get a holiday.”00:24:49 — “To boost productivity by 4%, it's decided you just let AI go.”00:33:59 — “It is neurological and immunological. It is not psychiatric.”00:47:42 — “There are no good choices at the moment.”01:25:26 — “The best fortnight for the Wallabies in a very, very long time.”Who and what gets mentionedPeople: Barbara Baker; Jacinta Allan; Bob Carr; Gareth Ward; Chris Minns; Meredith Burgmann; Bruce Learman; David Dale; Col Joy; Peter Garrett; Mark Zuckerberg; Jamie Dimon; Andy Devereaux‑Cook; Ghazi Hamad; Benjamin Netanyahu; Eyal Zamir; Ehud Barak; John Brennan; Tulsi Gabbard; Hillary Clinton; Bill Clinton; Pam Bondi; Prince Andrew; Michael Vaughan; Ricky Ponting; Dave Warner; Joffre Archer; Mark Wood; Simon Goodwin; Brad Green; Matthew Pavlich; Tom Harley; Abby Phillip; Scott Jennings; Van Jones.Places: Hong Kong; Tasmania; Melbourne; Sydney; North Shore; Central; Opera House; Kiama; Silverwater; Gaza; West Bank; Qatar; Egypt; Netherlands; Japan; Texas; California; Massachusetts; Illinois; New York; Maryland; Old Trafford; Perth; The Gabba; Adelaide; San Francisco.Organisations/teams: Greens; Labor; Liberal Party; National Socialist Alliance; IDF; Hezbollah; UNRWA; Palestinian Authority; Hamas; Mossad; BBC; Jerusalem Post; FAA; DecodeME; RACGP; Productivity Commission; Sky News; Media Watch; CIA; Wallabies; Penrith Panthers; Sydney Swans; AFL; NRL; JP Morgan.

Story of the Week (DR):Trump Demands Intel CEO's Resignation, Says He's ‘Highly CONFLICTED' AND Eric and Donald Trump Jr. to Own Millions of Shares in New U.S. Manufacturing SPAC MMESG Analyst Tom Cotton: Trump's attack, posted on Truth Social Thursday, came two days after GOP Sen. Tom Cotton flagged Tan's prior investments in Chinese companies and his previous leadership at Cadence Design Systems, which recently pleaded guilty to unlawfully selling its tech to a blacklisted military university in China.Intel CEO Lip-Bu Tan (~$70M golden hello in March; max potential $400M) directly addressed employees on Thursday after Donald Trump demanded his resignation over national security concerns, saying he has the full support of the board.Tan set up a venture firm called Walden International based in San Francisco that pumped more than $5 billion into over 600 companies. More than 100 of those investments were made in China, including deals with once-obscure startups such as Semiconductor Manufacturing International Corp.—today China's largest chipmaker—where he served on the board for a decade and a half.Today, the executive is still chairman of Walden International. And he's the founding managing partner at Walden Catalyst Ventures, which focuses on investments in the U.S., Europe and Israel. He also serves in that role at another venture fund, Celesta Global Capital.Tan stepped out of the venture world and joined the chip industry full-time when he became interim head of San Jose, California-based Cadence Design Systems Inc. in 2008. The executive, who had previously served on the board, went on to take the permanent CEO job the next year. He stayed in the role until 2021, when he transitioned to executive chairman, and is widely credited with restoring the company's fortunes. In late July of this year, the Department of Justice announced a plea deal that cost Cadence more than $100 million in fines. Employees at Cadence's China unit allegedly hid the name of a customer—the National University of Defense Technology—from internal compliance in order to keep supplying it. That organization had been put on the Department of Commerce's blacklist in 2015. The Chinese university was one of a group of supercomputer operators there that had conducted simulations of nuclear explosions, the DOJ said.Shares of American Eagle surge 20% after Trump calls Sydney Sweeney campaign 'hottest ad out there' AND Epstein victims are a growing political threat to TrumpThe Fall 2025 campaign, titled "Sydney Sweeney Has Great Jeans," centers on a deliberate pun between "jeans" and "genes.""Genes are passed down from parents to offspring, often determining traits like hair color... My jeans are blue."All the hallmarks of a dick-tatorship:American Eagle gender influence gap is -36%: Jay L. SchottensteinMr. Schottenstein has served as our Chief Executive Officer since December 2015. Prior thereto, he served as our Interim Chief Executive Officer from January 2014 to December 2015. He has served as Chairman of the Board since March 1992. He previously served the Company as Chief Executive Officer from March 1992 until December 2002 and as a Vice President and Director of the Company's predecessors since 1980Creepy nepobaby son: The grown son of an Ohio billionaire is a hooker-loving drug addict who threatened to destroy the renowned Manhattan psychiatrist his parents enlisted to help him, according to bombshell court papers. Dr. Paul Conti, a Stanford-educated psychiatrist from Oregon, alleges in a federal suit that the son also gambled away millions of dollars during trips to Las Vegas while running up credit bills and borrowing money from mobsters.SB360 Capital Partners: owned by Jay and his 3 sons (sorry wife): 13 listed executes: all white menlast time there was a vote on Jay (2023)CEO/Chair control: has been CEO 3 times; chair since 1992; $300k security; 2,011:1 ceo pay ratio; 7% of shares (passive BlackRock/Vanguard/Dimensional/Wellington: 41%; 71% board influenceAudit Committee Chair (which net 20 times last year) and Lead independent Director Noel Spiegel is 77 and over a decade of serviceNominating chair Janice Page is 76 and has served for over 2 decadesCompensation Committee chair has served for nearly 2 decadesUber's Sexual Assault Problem AND Uber beats on revenue, announces $20 billion stock buybackA recent New York Times investigation revealed that Uber has been dealing with a significant sexual assault problem. From 2017 to 2022, the company received over 400,000 reports of sexual assault or misconduct in the United States, which averages to about one incident every eight minutes.The investigation, based on thousands of internal documents, found that while Uber studied the issue and even developed potential safety features like in-car cameras and a feature to match female drivers with female passengers, the company chose not to implement these safeguards because they were concerned about their bottom line and potential lawsuits.Tesla Grants Musk $29 Billion in Stock to Keep ‘Elon's Energies Focused' AND Elon Musk Accused of Stiffing Small Businesses for Millions of Dollars, Causing Some to File for Bankruptcy AND Elon Musk Shares Shockingly Sexist Tweet About Woman Being Property. This one's disgraceful, even for Musk AND "This Will Open the Floodgates": Tesla In Trouble as Jury Orders It to Pay $329 Million After Autopilot Death AND Tesla withheld data, lied, and misdirected police and plaintiffs to avoid blame in Autopilot crash AND Elon Musk Appears to Now Be the Most Hated Person in America, According to New ResearchGoodliest of the Week (MM/DR):DR: Waste from Ben & Jerry's ice cream factories is now powering the Vermont gridNow that the ice cream waste can travel by pipe to become biogas, Ben & Jerry's can also make 600 fewer truck journeys a year, reducing the company's carbon emissions.DR: Gates Foundation is giving $2.5 billion to fund women's health research MM: Musk, Bezos, and Zuck are going full alpha male. America's girlbosses are fed up.When companies won't offer work-from-home policies or the flexibility that working parents need, it can embolden people to become more entrepreneurial and build under their own terms.This is the greatest backlash - if every woman in a “masculine default”, “founder mode” 13 year old man baby culture where “Jamie Dimon says” and John Stankey (see assholiest) says “maybe you don't fit” goes and founds there own firms, I'm giddy to see them wipe the floor with those smug billionaire assholes. Side note - I missed this quote from January FT article in the post-Zuck-on-Rogan “masculine energy” interview, but it would have been assholiest of the decade:“I feel liberated,” said a top banker. “We can say ‘retard' and ‘pussy' without the fear of getting cancelled . . . it's a new dawn.”MM: In that vein - A long-running anti-DEI lawsuit could help companies defend themselves from reverse-racism claims DR MMHello Alice as goodliest of the week - take down that fucknut Stephen Miller and his fake Nazi manboys.Assholiest of the Week (MM):Alex Karp and the men who go to elite universities and say elite universities are bullshit manbabiesPalantir CEO says working at his $430 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff'Karp went to Haverford, then Stanford for a JD where he met Peter Thiel (who also doesn't like elite education)This past spring, the company also notably established the Meritocracy Fellowship, a four-month, paid internship for high school graduates who may be having second thoughts about higher education. Program admission is solely based on “merit and academic excellence,” but applicants still need Ivy League-level test scores to qualify. This includes at least a 1460 on the SAT or a 33 on the ACT, which are both above their respective 98th percentiles.According to Karp, the internship was created in direct response to the “shortcomings of university admissions.”Here's the problem: there ARE shortcomings to elite colleges, mostly that they exude exclusivism and a commodity - but it's still a pretty rich for a guy who WENT to Stanford where he met his future funder and mentor to talk about how bullshit it wasJohn Stankey and the re-rise of the Jack Welch man-directive manbabies MMIt is incredibly encouraging that 73% of our employees took the time to respond to the survey, with 79% of those respondents feeling committed and engaged with their work at AT&T. While this is reassuring, especially considering the amount of change we've navigated as a company recently, it wasn't a surprise to me that we fell short of our engagement goal.TRANSLATION: I'm not surprised so many of you think we suck, I've been here 5 years as CEO and I'm not awesome at my job… but hold your breath while I tell you how it's your faultThis note may also help you identify areas where your professional expectations might be misaligned with the strategic direction of this company.TRANSLATION: It's your faultI understand that some of you may have started your tour with this company expecting an "employment deal" rooted in loyalty, tenure, and conformance with the associated compensation, work structure, and benefits. We have consciously shifted away from some of these elements and towards a more market-based culture — focused on rewarding capability, contribution, and commitment.TRANSLATION: Fuck your job, this is a meritocracy now. A manly meritocracy.I understand that many may find the demands of your daily lives challenging and difficult. Elder care, job stress, child rearing challenges, economic uncertainty, community unrest, technology anxiety — the list can get long…We run a dynamic, customer-facing business, tackling large-scale, challenging initiatives. If the requirements dictated by this dynamic do not align to your personal desires, you have every right to find a career opportunity that is suitable to your aspirations and needs. That said, if a self-directed, virtual, or hybrid work schedule is essential for you to manage your career aspirations and life challenges, you will have a difficult time aligning your priorities with those of the company and the culture we aim to establish.TRANSLATION: We know your life is hard, but shut the fuck up about it because I don't care.WHERE THE FUCK IS THIS BOARD?Here are the “go hard or go home” board membersBill Kennard, lead "independent" director connected in 13 loops to other directors, been there for 11 years, who got his undergrad in communications from Stanford and worked at the FCC and was an ambassador - proving once again that “communications” isn't a qualification for communicating?Marissa Mayer - maybe this business thing isn't for you? Mike Mcallister, ex Humana CEO, who was investigated for duping elderly into thinking Obamacare's passage would cut Medicare?Scott Ford, who lead the biggest landline company before pivoting to selling coffee, as your bright star into the future of tech?That's where the board is - unqualified for the moment, highly interconnected, with long careers of average performanceLuis von Ahn and the tech bro “sorry, not sorry” we were just “being edgy” no but seriously I know what's best for you secretly manbabiesDuolingo's CEO says he learned a hard lesson about 'edgy posts' and going viralFirst, says Duolingo, the app for learning languages, would be “AI-first”Then says they're not hiring anymore as long as it can be done by AIThen says schools will really just be childcare with AI teachers, and teachers will just “take care of the children” and you need schools for the “childcare”In his apology, he said sorry for being “edgy”Yes, it was the edginess, not the assholeryIf you want to quickly identify a manbaby, it's easy: first they “say” something they really think, then their apology basically is “sorry you didn't get it, I won't say it again”Headliniest of the WeekDR: Shareholders Judge Directors by Their Faces, Study FindsMM: Trump calls for Intel CEO to 'resign immediately'More ESG analysis:Boeing's ex-CFOBlackRock's ex founderThe former CEO at Jack Dorsey's SquareA partner at SequoiaA Princeton professorThe former CEO of HPThe chair who's a VC and has been there since 2009Who Won the Week?DR: Boston Mayor Michelle Wu for calling out the billionaire Kraft family regarding the new stadium proposed for the New England Revolution: “We haven't asked for anything out of the ordinary for any significant development, much less a mega-development like this one … To this day, the Kraft Group has provided the city no meaningful technical information … What we've heard has stayed at a conceptual level that is insufficient for any serious negotiation.Citing the proposed figure of $750,000 that the Kraft Group would pay to Boston as a mitigation fee, Wu said, “It is an unserious proposal … the figure is “just 1.1 percent of the $68 million mitigation package that was paid for the Everett casino project right nearby years ago.”Wu, who as the incumbent is also campaigning against Josh Kraft (son of Revolution owner Robert Kraft) in Boston's mayoral race, didn't miss a chance to land a political dig at her opponent: Referencing the proposed mitigation fee, she said that “$750,000 is just one-and-a-half month's of a billionaire son's allowance. It is nowhere near the scale of what we need to address the plans that have already been laid out by our residents, with our traffic engineers, with the coordination of the entire region.”MM: Jamie Smith at EY for writing the only other 2025 US proxy review that included a whole section on director votesPredictionsDR: Trump tries to fit into a pair of Sydney Sweeney's jeans (re: the OJ glove) to prove he did not know Epstein. The American Eagle stock surgesMM: Duolingo releases a new language choice, “Manbro”, in which it teaches how to apologize, how to be more intense, and why you should bow to your AI overlords

// GUEST //YouTube:  @GreenCandle  &  @keysopen_doors  LinkedIn: https://www.linkedin.com/in/brandonkeys072394 X: https://x.com/Greencandleit and https://x.com/keysopen_doors // SPONSORS //iCoin: https://icointechnology.com/breedloveCowbolt: https://cowbolt.com/Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/Blockware Solutions: https://mining.blockwaresolutions.com/breedloveIn Wolf's Clothing: https://wolfnyc.com/Onramp: https://onrampbitcoin.com/?grsf=breedloveMindlab Pro: https://www.mindlabpro.com/breedloveCoinbits: https://coinbits.app/breedloveThe Farm at Okefenokee: https://okefarm.com/Orange Pill App: https://www.orangepillapp.com/ // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedloveLineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/Salt of the Earth Electrolytes: http://drinksote.com/breedloveJawzrsize (code RobertBreedlove for 20% off): https://jawzrsize.com // SUBSCRIBE TO THE CLIPS CHANNEL //https://www.youtube.com/@robertbreedloveclips2996/videos // TIMESTAMPS // 0:00 – WiM Episode Trailer 1:07 – Brandon's Background: Engineering to Bitcoin 11:55 – Bitcoin Self-Custody and Taking Responsibility 13:06 – More Millionaires Than Satoshi Millionaires 19:56 – iCoin Bitcoin Wallet 21:25 – Cowbolt: Settle in Bitcoin 22:40 – MAG7 and Accelerating Bitcoin Adoption 25:55 – Government-Level Bitcoin Accumulation 28:58 – Jamie Dimon and Chase Declare War on Bitcoin 35:33 – Could Coinbase Collapse? 42:19 – Heart and Soil Supplements 43:19 – Mine Bitcoin with Blockware Solutions 44:20 – Stop Selling Sh*tcoins, Brian Armstrong 48:55 – Could Governments Co-Opt Bitcoin? 50:11 – Why Saylor Rejects Proof of Reserves 55:19 – The Risk of Bitcoin Treasury Companies 1:00:06 – Strike and Borrowing Against Your Bitcoin 1:03:41 – Helping Lightning Startups with In Wolf's Clothing 1:04:33 – Onramp Bitcoin Custody 1:06:29 – Can Anyone Catch Saylor and MSTR? 1:16:39 – Will MSTR Become a Bitcoin Bank? 1:20:10 – Bitcoin Nation-State Adoption: Bullish or a Trap? 1:30:39 – Mind Lab Pro Supplements 1:31:50 – Buy Bitcoin with Coinbits 1:33:18 – El Salvador and Bukele vs the IMF 1:37:48 – Tether's Role in the U.S. Bond Market 1:40:57 – The Genius Act and Lummis Bill Explained 1:44:12 – Bitcoin Is Flying Off Exchanges 1:55:16 – The Farm at Okefenokee 1:56:26 – Orange Pill App 1:56:54 – Could the U.S. Government Be Buying Bitcoin? 2:02:03 – Are the 4-Year Bitcoin Cycles Over? 2:13:47 – Bitcoin, Gold, and Gambling 2:21:37 – Closing Thoughts and Where to Find Brandon Keys // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsERSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 // SOCIAL //Breedlove X: https://x.com/Breedlove22WiM? X: https://x.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22Substack: https://breedlove22.substack.com/All My Current Work: https://linktr.ee/robertbreedlove

Maurice Schweitzer, Wharton Professor of Operations, Information and Decisions, joins the show to explore the challenges organizations face when high-performing employees clash with leadership, drawing on real-world examples from sports and business including Steve Jobs, Jamie Dimon, and Sheryl Sandberg. Hosted on Acast. See acast.com/privacy for more information.

In th wake of new information coming into play, the lawyers for the survivor who is suing JP Morgan and Jes Staley has asked to have Jamie Dimon sit for another deposition after that information was revealed. According to the the lawyers for the survivor, they say that JP Morgan held back the information on purpose and they did it to try and gain a strategical advantage. Dimon and JP Morgan have yet to respond.to contact me:bobbycapucci@protonmail.comsource:Lawyer for Jeffrey Epstein accuser wants to question JPMorgan Chase CEO Jamie Dimon again | Fox Business

Welcome back to Snafu w/ Robin Zander.  In this episode, I'm joined by Brian Elliott, former Slack executive and co-founder of Future Forum. We discuss the common mistakes leaders make about AI and why trust and transparency are more crucial than ever. Brian shares lessons from building high-performing teams, what makes good leadership, and how to foster real collaboration. He also reflects on raising values-driven kids, the breakdown of institutional trust, and why purpose matters. We touch on the early research behind Future Forum and what he'd do differently today. Brian will also be joining us live at Responsive Conference 2025, and I'm excited to continue the conversation there. If you haven't gotten your tickets yet, get them here. What Do Most People Get Wrong About AI? (1:53) “Senior leaders sit on polar ends of the spectrum on this stuff. Very, very infrequently, sit in the middle, which is kind of where I find myself too often.”  Robin notes Brian will be co-leading an active session on AI at Responsive Conference with longtime collaborator Helen Kupp. He tees up the conversation by saying Brian holds “a lot of controversial opinions” on AI, not that it's insignificant, but that there's a lot of “idealization.” Brian says most senior leaders fall into one of two camps: Camp A: “Oh my God, this changes everything.” These are the fear-mongers shouting: “If you don't adopt now, your career is over.” Camp B: “This will blow over.” They treat AI as just another productivity fad, like others before it. Brian positions himself somewhere in the middle but is frustrated by both ends of the spectrum. He points out that the loudest voices (Mark Benioff, Andy Jassy, Zuckerberg, Sam Altman) are “arms merchants” – they're pushing AI tools because they've invested billions. These tools are massively expensive to build and run, and unless they displace labor, it's unclear how they generate ROI. believe in AI's potential and  aggressively push adoption inside their companies. So, naturally, these execs have to: But “nothing ever changes that fast,” and both the hype and the dismissal are off-base. Why Playing with AI Matters More Than Training (3:29) AI is materially different from past tech, but what's missing is attention to how adoption happens. “The organizational craft of driving adoption is not about handing out tools. It's all emotional.” Adoption depends on whether people respond with fear or aspiration, not whether they have the software. Frontline managers are key: it's their job to create the time and space for teams to experiment with AI. Brian credits Helen Kupp for being great at facilitating this kind of low-stakes experimentation. Suggests teams should “play with AI tools” in a way totally unrelated to their actual job. Example: take a look at your fridge, list the ingredients you have, and have AI suggest a recipe. “Well, that's a sucky recipe, but it could do that, right?” The point isn't utility,  it's comfort and conversation: What's OK to use AI for? Is it acceptable to draft your self-assessment for performance reviews with AI? Should you tell your boss or hide it? The Purpose of Doing the Thing (5:30) Robin brings up Ezra Klein's podcast in The New York Times, where Ezra asks: “What's the purpose of writing an essay in college?” AI can now do better research than a student, faster and maybe more accurately. But Robin argues that the act of writing is what matters, not just the output. Says: “I'm much better at writing that letter than ChatGPT can ever be, because only Robin Zander can write that letter.” Example: Robin and his partner are in contract on a house and wrote a letter to the seller – the usual “sob story” to win favor. All the writing he's done over the past two years prepared him to write that one letter better. “The utility of doing the thing is not the thing itself – it's what it trains.” Learning How to Learn (6:35) Robin's fascinated by “skills that train skills” – a lifelong theme in both work and athletics. He brings up Josh Waitzkin (from Searching for Bobby Fischer), who went from chess prodigy to big wave surfer to foil board rider. Josh trained his surfing skills by riding a OneWheel through NYC, practicing balance in a different context. Robin is drawn to that kind of transfer learning and “meta-learning” – especially since it's so hard to measure or study. He asks: What might AI be training in us that isn't the thing itself? We don't yet know the cognitive effects of using generative AI daily, but we should be asking. Cognitive Risk vs. Capability Boost (8:00) Brian brings up early research suggesting AI could make us “dumber.” Outsourcing thinking to AI reduces sharpness over time. But also: the “10,000 repetitions” idea still holds weight – doing the thing builds skill. There's a tension between “performance mode” (getting the thing done) and “growth mode” (learning). He relates it to writing: Says he's a decent writer, not a great one, but wants to keep getting better. Has a “quad project” with an editor who helps refine tone and clarity but doesn't do the writing. The setup: he provides 80% drafts, guidelines, tone notes, and past writing samples. The AI/editor cleans things up, but Brian still reviews: “I want that colloquialism back in.” “I want that specific example back in.” “That's clunky, I don't want to keep it.” Writing is iterative, and tools can help, but shouldn't replace his voice. On Em Dashes & Detecting Human Writing (9:30) Robin shares a trick: he used em dashes long before ChatGPT and does them with a space on either side. He says that ChatGPT's em dashes are double-length and don't have spaces. If you want to prove ChatGPT didn't write something, “just add the space.” Brian agrees and jokes that his editors often remove the spaces, but he puts them back in. Reiterates that professional human editors like the ones he works with at Charter and Sloan are still better than AI. Closing the Gap Takes More Than Practice (10:31) Robin references The Gap by Ira Glass, a 2014 video that explores the disconnect between a creator's vision and their current ability to execute on that vision. He highlights Glass's core advice: the only way to close that gap is through consistent repetition – what Glass calls “the reps.” Brian agrees, noting that putting in the reps is exactly what creators must do, even when their output doesn't yet meet their standards. Brian also brings up his recent conversation with Nick Petrie, whose work focuses not only on what causes burnout but also on what actually resolves it. He notes research showing that people stuck in repetitive performance mode – like doctors doing the same task for decades – eventually see a decline in performance. Brian recommends mixing in growth opportunities alongside mastery work. “exploit” mode (doing what you're already good at) and  “explore” mode (trying something new that pushes you) He says doing things that stretch your boundaries builds muscle that strengthens your core skills and breaks stagnation. He emphasizes the value of alternating between  He adds that this applies just as much to personal growth, especially when people begin to question their deeper purpose and ask hard questions like, “Is this all there is to my life or career? Brian observes that stepping back for self-reflection is often necessary, either by choice or because burnout forces a hard stop. He suggests that sustainable performance requires not just consistency but also intentional space for growth, purpose, and honest self-evaluation. Why Taste And Soft Skills Now Matter More Than Ever (12:30) On AI, Brian argues that most people get it wrong. “I do think it's augmentation.” The tools are evolving rapidly, and so are the ways we use them. They view it as a way to speed up work, especially for engineers, but that's missing the bigger picture. Brian stresses that EQ is becoming more important than IQ. Companies still need people with developer mindsets – hypothesis-driven, structured thinkers. But now, communication, empathy, and adaptability are no longer optional; they are critical. “Human communication skills just went from ‘they kind of suck at it but it's okay' to ‘that's not acceptable.'” As AI takes over more specialist tasks, the value of generalists is rising. People who can generate ideas, anticipate consequences, and rally others around a vision will be most valuable. “Tools can handle the specialized knowledge – but only humans can connect it to purpose.” Brian warns that traditional job descriptions and org charts are becoming obsolete. Instead of looking for ways to rush employees into doing more work, “rethink the roles. What can a small group do when aligned around a common purpose?” The future lies in small, aligned teams with shared goals. Vision Is Not a Strategy (15:56) Robin reflects on durable human traits through Steve Jobs' bio by Isaac Walterson. Jobs succeeded not just with tech, but with taste, persuasion, charisma, and vision. “He was less technologist, more storyteller.” They discuss Sam Altman, the subject of Empire of AI. Whether or not the book is fully accurate, Robin argues that Altman's defining trait is deal-making. Robin shares his experience using ChatGPT in real estate. It changed how he researched topics like redwood root systems on foundational structure and mosquito mitigation. Despite the tech, both agree that human connection is more important than ever. “We need humans now more than ever.” Brian references data from Kelly Monahan showing AI power users are highly productive but deeply burned out. 40% more productive than their peers. 88% are completely burnt out. Many don't believe their company's AI strategy, even while using the tools daily. There's a growing disconnect between executive AI hype and on-the-ground experience. But internal tests by top engineers showed only 10% improvement, mostly in simple tasks. “You've got to get into the tools yourself to be fluent on this.” One CTO believed AI would produce 30% efficiency gains. Brian urges leaders to personally engage with the tools before making sweeping decisions. He warns against blindly accepting optimistic vendor promises or trends. Leaders pushing AI without firsthand experience risk overburdening their teams. “You're bringing the Kool-Aid and then you're shoving it down your team's throat.” This results in burnout, not productivity. “You're cranking up the demands. You're cranking up the burnout, too.” “That's not going to lead to what you want either.” If You Want Control, Just Say That (20:47) Robin raises the topic of returning to the office, which has been a long-standing area of interest for him. “I interviewed Joel Gascoyne on stage in 2016… the largest fully distributed company in the world at the time.” He's tracked distributed work since Responsive 2016. Also mentions Shelby Wolpa (ex-Envision), who scaled thousands remotely. Robin notes the shift post-COVID: companies are mandating returns without adjusting for today's realities.” Example: “Intel just did a mandatory 4 days a week return to office… and now people live hours away.” He acknowledges the benefits of in-person collaboration, especially in creative or physical industries. “There is an undeniable utility.”, especially as they met in Robin's Cafe to talk about Responsive, despite a commute, because it was worth it. But he challenges blanket return-to-office mandates, especially when the rationale is unclear. According to Brian, any company uses RTO as a veiled soft layoff tactic. Cites Elon Musk and Vivek Ramaswamy openly stating RTO is meant to encourage attrition. He says policies without clarity are ineffective. “If you quit, I don't have to pay you severance.” Robin notes that the Responsive Manifesto isn't about providing answers but outlining tensions to balance. Before enforcing an RTO policy, leaders should ask: “What problem are we trying to solve – and do we have evidence of it?” Before You Mandate, Check the Data (24:50) Performance data should guide decisions, not executive assumptions. For instance, junior salespeople may benefit from in-person mentorship, but… That may only apply to certain teams, and doesn't justify full mandates. “I've seen situations where productivity has fallen – well-defined productivity.” The decision-making process should be decentralized and nuanced. Different teams have different needs — orgs must avoid one-size-fits-all policies, especially in large, distributed orgs. “Should your CEO be making that decision? Or should your head of sales?” Brian offers a two-part test for leaders to assess their RTO logic: Are you trying to attract and retain the best talent? Are your teams co-located or distributed? If the answer to #1 is yes: People will be less engaged, not more. High performers will quietly leave or disengage while staying. Forcing long commutes will hurt retention and morale. If the answer to #2 is “distributed”: Brian then tells a story about a JPMorgan IT manager who asks Jamie Dimon for flexibility. “It's freaking stupid… it actually made it harder to do their core work.” Instead, teams need to define shared norms and operating agreements. “Teams have to have norms to be effective.” RTO makes even less sense. His team spanned time zones and offices, forcing them into daily hurt collaboration. He argues most RTO mandates are driven by fear and a desire for control. More important than office days are questions like: What hours are we available for meetings? What tools do we use and why? How do we make decisions? Who owns which roles and responsibilities? The Bottom Line: The policy must match the structure. If teams are remote by design, dragging them into an office is counterproductive. How to Be a Leader in Chaotic Times (28:34) “We're living in a more chaotic time than any in my lifetime.” Robin asks how leaders should guide their organizations through uncertainty. He reflects on his early work years during the 2008 crash and the unpredictability he's seen since. Observes current instability like the UCSF and NIH funding and hiring freezes disrupting universities, rising political violence, and murders of public officials from the McKnight Foundation, and more may persist for years without relief. “I was bussing tables for two weeks, quit, became a personal trainer… my old client jumped out a window because he lost his fortune as a banker.” Brian says what's needed now is: Resilience – a mindset of positive realism: acknowledging the issues, while focusing on agency and possibility, and supporting one another. Trust – not just psychological safety, but deep belief in leadership clarity and honesty. His definition of resilience includes: “What options do we have?” “What can we do as a team?” “What's the opportunity in this?” What Builds Trust (and What Breaks It) (31:00) Brian recalls laying off more people than he hired during the dot-com bust – and what helped his team endure: “Here's what we need to do. If you're all in, we'll get through this together.” He believes trust is built when: Leaders communicate clearly and early. They acknowledge difficulty, without sugarcoating. They create clarity about what matters most right now. They involve their team in solutions. He critiques companies that delay communication until they're in PR cleanup mode: Like Target's CEO, who responded to backlash months too late – and with vague platitudes. “Of course, he got backlash,” Brian says. “He wasn't present.” According to him, “Trust isn't just psychological safety. It's also honesty.” Trust Makes Work Faster, Better, and More Fun (34:10) “When trust is there, the work is more fun, and the results are better.” Robin offers a Zander Media story: Longtime collaborator Jonathan Kofahl lives in Austin. Despite being remote, they prep for shoots with 3-minute calls instead of hour-long meetings. The relationship is fast, fluid, and joyful, and the end product reflects that. He explains the ripple effects of trust: Faster workflows Higher-quality output More fun and less burnout Better client experience Fewer miscommunications or dropped balls He also likens it to acrobatics: “If trust isn't there, you land on your head.” Seldom Wrong, Never in Doubt (35:45) “Seldom wrong, never in doubt – that bit me in the butt.” Brian reflects on a toxic early-career mantra: As a young consultant, he was taught to project confidence at all times. It was said that “if you show doubt, you lose credibility,” especially with older clients. Why that backfired: It made him arrogant. It discouraged honest questions or collaborative problem-solving. It modeled bad leadership for others. Brian critiques the startup world's hero culture: Tech glorifies mavericks and contrarians, people who bet against the grain and win. But we rarely see the 95% who bet big and failed, and the survivors become models, often with toxic effects. The real danger: Leaders try to imitate success without understanding the context. Contrarianism becomes a virtue in itself – even when it's wrong. Now, he models something else: “I can point to the mountain, but I don't know the exact path.” Leaders should admit they don't have all the answers. Inviting the team to figure it out together builds alignment and ownership. That's how you lead through uncertainty, by trusting your team to co-create. Slack, Remote Work, and the Birth of Future Forum (37:40) Brian recalls the early days of Future Forum: Slack was deeply office-centric pre-pandemic. He worked 5 days a week in SF, and even interns were expected to show up regularly. Slack's leadership, especially CTO Cal Henderson, was hesitant to go remote, not because they were anti-remote, but because they didn't know how. But when COVID hit, Slack, like everyone else, had to figure out remote work in real time. Brian had long-standing relationships with Slack's internal research team: He pitched Stewart Butterfield (Slack's CEO) on the idea of a think tank, where he was then joined by Helen Kupp and Sheela Subramanian, who became his co-founders in the venture. Thus, Future Forum was born. Christina Janzer, Lucas Puente, and others. Their research was excellent, but mostly internal-facing, used for product and marketing. Brian, self-described as a “data geek,” saw an opportunity: Remote Work Increased Belonging, But Not for Everyone (40:56) In mid-2020, Future Forum launched its first major study. Expected finding: employee belonging would drop due to isolation. Reality: it did, but not equally across all demographics. For Black office workers, a sense of belonging actually increased. Future Forum brought in Dr. Brian Lowery, a Black professor at Stanford, to help interpret the results. Lowery explained: “I'm a Black professor at Stanford. Whatever you think of it as a liberal school, if I have to walk on that campus five days a week and be on and not be Black five days a week, 9 to 5 – it's taxing. It's exhausting. If I can dial in and out of that situation, it's a release.” A Philosophy Disguised as a Playbook (42:00) Brian, Helen, and Sheela co-authored a book that distilled lessons from: Slack's research Hundreds of executive conversations Real-world trials during the remote work shift One editor even commented on how the book is “more like a philosophy book disguised as a playbook.” The key principles are: “Start with what matters to us as an organization. Then ask: What's safe to try?” Policies don't work. Principles do. Norms > mandates. Team-level agreements matter more than companywide rules. Focus on outcomes, not activity.  Train your managers. Clarity, trust, and support start there. Safe-to-try experiments. Iterate fast and test what works for your team. Co-create team norms. Define how decisions get made, what tools get used, and when people are available. What's great with the book is that no matter where you are, this same set of rules still applies.  When Leadership Means Letting Go (43:54) “My job was to model the kind of presence I wanted my team to show.” Robin recalls a defining moment at Robin's Café: Employees were chatting behind the counter while a banana peel sat on the floor, surrounded by dirty dishes. It was a lawsuit waiting to happen. His first impulse was to berate them, a habit from his small business upbringing. But in that moment, he reframed his role. “I'm here to inspire, model, and demonstrate the behavior I want to see.” He realized: Hovering behind the counter = surveillance, not leadership. True leadership = empowering your team to care, even when you're not around. You train your manager to create a culture, not compliance. Brian and Robin agree: Rules only go so far. Teams thrive when they believe in the ‘why' behind the work. Robin draws a link between strong workplace culture and… The global rise of authoritarianism The erosion of trust in institutions If trust makes Zander Media better, and helps VC-backed companies scale — “Why do our political systems seem to be rewarding the exact opposite?” Populism, Charisma & Bullshit (45:20) According to Robin, “We're in a world where trust is in very short supply.” Brian reflects on why authoritarianism is thriving globally: The media is fragmented. Everyone's in different pocket universes. People now get news from YouTube or TikTok, not trusted institutions. Truth is no longer shared, and without shared truth, trust collapses. “Walter Cronkite doesn't exist anymore.” He references Andor, where the character, Mon Mothma, says: People no longer trust journalism, government, universities, science, or even business. Edelman's Trust Barometer dipped for business leaders for the first time in 25 years. CEOs who once declared strong values are now going silent, which damages trust even more. “The death of truth is really the problem that's at work here.” Robin points out: Trump and Elon, both charismatic, populist figures, continue to gain power despite low trust. Why? Because their clarity and simplicity still outperform thoughtful leadership. He also calls Trump a “marketing genius.” Brian's frustration: Case in point: Trump-era officials who spread conspiracy theories now can't walk them back. Populists manufacture distrust, then struggle to govern once in power. He shares a recent example: Result: Their base turned on them. Right-wing pundits (Pam Bondi, Dan Bongino) fanned Jeffrey Epstein conspiracies. But in power, they had to admit: “There's no client list publicly.” Brian then suggests that trust should be rebuilt locally. He points to leaders like Zohran Mamdani (NY): “I may not agree with all his positions, but he can articulate a populist vision that isn't exploitative.” Where Are the Leaders? (51:19) Brian expresses frustration at the silence from people in power: “I'm disappointed, highly disappointed, in the number of leaders in positions of power and authority who could lend their voice to something as basic as: science is real.” He calls for a return to shared facts: “Let's just start with: vaccines do not cause autism. Let's start there.” He draws a line between public health and trust: We've had over a century of scientific evidence backing vaccines But misinformation is eroding communal health Brian clarifies: this isn't about wedge issues like guns or Roe v. Wade The problem is that scientists lack public authority, but CEOs don't CEOs of major institutions could shift the narrative, especially those with massive employee bases. And yet, most say nothing: “They know it's going to bite them… and still, no one's saying it.” He warns: ignoring this will hurt businesses, frontline workers, and society at large. 89 Seconds from Midnight (52:45) Robin brings up the Doomsday Clock: Historically, it was 2–4 minutes to midnight “We are 89 seconds to midnight.” (as of January 2025) This was issued by the Bulletin of Atomic Scientists, a symbol of how close humanity is to destroying itself. Despite that, he remains hopeful: “I might be the most energetic person in any room – and yet, I'm a prepper.” Robin shared that: And in a real emergency? You might not make it. He grew up in the wilderness, where ambulances don't arrive, and CPR is a ritual of death. He frequently visits Vieques, an island off Puerto Rico with no hospital, where a car crash likely means you won't survive. As there is a saying there that goes, ‘No Hay Hospital', meaning ‘there is no hospital'. If something serious happens, you're likely a few hours' drive or even a flight away from medical care. That shapes his worldview: “We've forgotten how precious life is in privileged countries.” Despite his joy and optimism, Robin is also: Deeply aware of fragility – of systems, bodies, institutions. Committed to preparation, not paranoia. Focused on teaching resilience, care, and responsibility. How to Raise Men with Heart and Backbone (55:00) Robin asks: “How do you counsel your boys to show up as protectors and earners, especially in a capitalist world, while also taking care of people, especially when we're facing the potential end of humanity in our lifetimes?” Brian responds: His sons are now 25 and 23, and he's incredibly proud of who they're becoming. Credits both parenting and luck but he also acknowledges many friends who've had harder parenting experiences. His sons are: Sharp and thoughtful In healthy relationships Focused on values over achievements Educational path: “They think deeply about what are now called ‘social justice' issues in a very real way.” Example: In 4th grade, their class did a homelessness simulation – replicating the fragmented, frustrating process of accessing services. Preschool at the Jewish Community Center Elementary at a Quaker school in San Francisco He jokes that they needed a Buddhist high school to complete the loop Not religious, but values-based, non-dogmatic education had a real impact That hands-on empathy helped them see systemic problems early on, especially in San Francisco, where it's worse. What Is Actually Enough? (56:54) “We were terrified our kids would take their comfort for granted.” Brian's kids: Lived modestly, but comfortably in San Francisco. Took vacations, had more than he and his wife did growing up. Worried their sons would chase status over substance. But what he taught them instead: Family matters. Friendships matter. Being dependable matters. Not just being good, but being someone others can count on. He also cautioned against: “We too often push kids toward something unattainable, and we act surprised when they burn out in the pursuit of that.” The “gold ring” mentality is like chasing elite schools, careers, and accolades. In sports and academics, he and his wife aimed for balance, not obsession. Brian on Parenting, Purpose, and Perspective (59:15) Brian sees promise in his kids' generation: But also more: Purpose-driven Skeptical of false promises Less obsessed with traditional success markers Yes, they're more stressed and overamped on social media. Gen Z has been labeled just like every generation before: “I'm Gen X. They literally made a movie about us called Slackers.” He believes the best thing we can do is: Model what matters Spend time reflecting: What really does matter? Help the next generation define enough for themselves, earlier than we did. The Real Measure of Success (1:00:07) Brian references Clay Christensen, famed author of The Innovator's Dilemma and How Will You Measure Your Life? Clay's insight: “Success isn't what you thought it was.” Early reunions are full of bravado – titles, accomplishments, money. Later reunions reveal divorce, estrangement, and regret. The longer you go, the more you see: Brian's takeaway: Even for Elon, it might be about Mars. But for most of us, it's not about how many projects we shipped. It's about: Family Friends Presence Meaning “If you can realize that earlier, you give yourself the chance to adjust – and find your way back.” Where to Find Brian (01:02:05) LinkedIn WorkForward.com Newsletter: The Work Forward on Substack “Some weeks it's lame, some weeks it's great. But there's a lot of community and feedback.” And of course, join us at Responsive Conference this September 17-18, 2025. Books Mentioned How Will You Measure Your Life? by Clayton Christensen The Innovator's Dilemma by Clayton Christensen Responsive Manifesto Empire of AI by Karen Hao Podcasts Mentioned The Gap by Ira Glass The Ezra Klein Show Movies Mentioned Andor Slackers Organizations Mentioned: Bulletin of Atomic Scientists McKnight Foundation National Institutes of Health (NIH) Responsive.org University of California, San Francisco

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Crypto News: SEC Chair Paul Atkins reveals project crypto. JPMorgan CEO Jamie Dimon says he is a "believer" in stablecoins and blockchain. Visa expands stablecoin offerings and integration of Stellar XLM and Avalanche AVAX.Show Sponsor -

Story of the Week (DR):​​Mark Zuckerberg just shared his vision for 'personal superintelligence."But perhaps even more important is that superintelligence has the potential to begin a new era of personal empowerment where people will have greater agency to improve the world in the directions they choose,"'Mark Zuckerberg is pouring billions of dollars into AI ‘superintelligence'—so why does his Instagram pitch feel so underwhelming?Mark Zuckerberg Looks Like He's Been Taken Hostage as He Explains Plan for Deploying AI SuperintelligenceAnthropic's CEO says massive salary changes could 'destroy' company culture"If Mark Zuckerberg throws a dart at a dartboard and hits your name, that doesn't mean you should be paid 10 times more than the guy next to you who's just as skilled."Amodei said such massive salary changes could "destroy" a company's culture by treating people "unfairly."Many of his employees have rejected the outside offers, and some "wouldn't even talk to Mark Zuckerberg."Wells Fargo board to appoint CEO Scharf as chairman and grant $30 million award MMSpecial CEO Equity Awardone-time equity award consisting of Restricted Share Rights with a grant date value of approximately $30 million and 1.046 million Stock Options (Exercise Price: $82.65)the Board approved and adopted the Company's By-Laws:The amendments remove the requirement that the Chairman of the Board be an independent director.The Board also amended the Company's Corporate Governance Guidelines to require a Lead Independent Director if the Chairman of the Board is not independentConsistent with this change, the independent directors of the Board intend to appoint Mr. Scharf as Chairman of the Board, and to appoint a Lead Independent Director of the Board.$30M last year, including $20M in equityWhat happens to existing chair Steven Black?Scharf was former CEO and CHair of The Bank of New York Mellon, when current Chair Black was appointed to the Mellon boardBlack on Pay CommitteeWith Committee Chair Ron Sargent, former CEO/Chair of Staples and current interim CEO of KrogerWall Street returns to work after Manhattan shooting that killed Blackstone executiveThe investigation is ongoing, but authorities found a note on the gunman suggesting Shane Tamura, who had a history of mental health issues, appeared to blame the National Football League (NFL) for a brain injury (CTE) he believed he had from playing football. His intended target was likely the NFL headquarters, which is also located in the building.The investment firm's offices were closed on Tuesday after it said senior Blackstone executive Wesley LePatner was among those killedReport: NFL will acquire up to 10 percent of ESPN as part of NFL Media dealJust to tweak Matt: ‘Woke is officially dead at Brown,' Trump says, after Ivy League school settles with federal govGoodliest of the Week (MM/DR):DR: Women Now Occupy Almost a Fifth of Top Venture Roles, Study FindsThe share of women in high-echelon postsThat share, which counts those in partner roles and above, has doubled since 2018 to 18.6%, according to nonprofit All RaiseMM: ‘Shame on them': Standard Chartered CEO decries banks that drop climate pledges DRBill Winters criticised banks that had jumped on the climate bandwagon when it was “fashionable”, but had since rolled back on their green ambitions or gone quiet on the subject.“Shame on them,” he said, without naming individual firms.Assholiest of the Week (MM): Brown UniversityTrump: Woke Is Dead at Brown University$50m extortion paid to Trump to restore funding“Brown will adopt the government's definition of “male” and “female,” for example, and must remove any consideration of race from the admissions process.”“Brown will no longer perform gender reassignment surgeries on minors or prescribe them puberty blockers or cross-sex hormones,” Leavitt added, calling it “chemical castration of children.”Barclays DRBarclays Reports £500 Million in Sustainable Finance RevenuesIn a report released YESTERDAY, the bank said it made $500m on sustainable finance44 page report detailing how amazing their work on climate is, how sustainable they are, and all the benefitsBarclays latest British lender to quit climate banking alliance"After consideration, we have decided to withdraw from the Net Zero Banking Alliance," the bank said in a statement on its website. "With the departure of most of the global banks, the organisation no longer has the membership to support our transition."MicrosoftMicrosoft CFO calls for 'intensity' in an internal memo, after blowout earningsThe chief financial officer, Amy Hood, sent an email to employees on Wednesday after the company reported a $27 billion quarterly profit, telling them the year ahead would require "intensity, clarity, and bold execution."The adult in the room just joined the middle schoolers in talking about “growth mindset” and “intensity” in a race to the bottom where we gut employees but executives keep their jobsThe enigma of adulthoodHood I'm sure is very worried about her job at MSFT… although she already has a job for life on the board of 3M, so why worry?Not for nothing, but Amy Coleman got the role of Chief People Officer in March, just in time to fire everyoneShe also cashed in more than $24m in options in the last 3 months, and despite being an NEO in the 10k, her contract was not disclosed in an 8K - curious how much she was paid to dispose of employees? Or is that the “enigma of disclosure”?Cowering employees37% of employees have wondered if emojis are professionalYour employees are worried about emojis being professionalYour research team is worried about buying the best governance data on earth because of a podcast with a segment called “Assholiest”Your rank and file, after years of wages that don't keep the pace of inflation, have to deal with a Walmart exec saying “nobody” will want to hire you if you're a “Debbie Downer”Meanwhile…Elon Musk Amplifies Bizarre Claim That 'Women Are Built To Be Traded' CEO Brags That He Gets "Extremely Excited" Firing People and Replacing Them With AILiterally, every week Jamie Dimon says something and Sam Altman is afraid of the apocalypse he's made… and your employees are so tenuous they're worried about improper emoji useHeadliniest of the WeekDR: Elon Musk Amplifies Bizarre Claim That 'Women Are Built To Be Traded' ANDElon Musk Pushes View That Women Are 'Anti-White' Because They're 'Weak'DR: U.S. Women in Coffee welcomes Mark Inman to its Board of DirectorsMM: Tesla Robotaxi Gets Stuck in Infinite Loop as Support Tries to Break It OutMM: Starbucks CEO: The company was 'mismanaged for a couple years'—here's his plan to 'bounce back'Who Won the Week?DR: King ChuckMM: Chainsaw Charlie! Cue memory reel:Charlie Scharf steps down as Visa CEO in 2016 because he said he couldn't spend enough time in San Francisco to do the job “effectively”Becomes CEO of Wells Fargo in 2019 and… commutes to San Francisco from NYCImmediately cuts staff, gets nicknamed “Chainsaw Charlie”... then complains he can't find enough black workers because they're not qualifiedJoins board of Microsoft where he can oversee record profits and simultaneous staff cuts, a personal joyJust got this news, he must be stoked: Wells Fargo board to appoint CEO Scharf as chairman and grant $30 million awardPredictionsDR: As part of of its 10% ownership of ESPN, the Disney board refuses to add an NFL player to its board but agrees to attend all board meetings wearing spandex and shoulder pads MM: Wells Fargo's investors are unhappy with Scharf's new chair appointment and retention grant, vote 73% approval of Scharf's pay but 99.6% in favor of everyone on the pay committee who set the pay and voted to make him chair

The narrative unravels as elite institutions—from Wall Street to the intelligence community—face exposure for manipulating truth and undermining democratic accountability. In the first transcript, the media's recession predictions, driven by figures like JPMorgan's Jamie Dimon and amplified by anti-Trump financial pundits, are proven wrong as the economy thrives under tariffs and smart trade moves. In the second, the scope widens: whistleblower revelations, FBI cover-ups, and international censorship programs—many tied to figures like John Brennan and Democrat operatives—highlight a coordinated effort to silence dissent globally. As Trump fights back with aggressive tariffs and bold appointments, the establishment panics. These episodes connect the dots between media misinformation, weaponized agencies, and a censorship dragnet preparing to ensnare Americans if the power shifts again. The war for truth has gone global—and it's heating up.

In this fiery commentary, the host unloads on the financial media's blind allegiance to Democrat-aligned figures like Jamie Dimon, highlighting how their repeated economic doomsday forecasts—particularly around Trump-era tariffs and recession fears—missed the mark again and again. Despite consistently being wrong, the same media-approved "experts" like Trey Gowdy and Andrew McCarthy are brought back for analysis, even after botching key narratives like the Russia collusion hoax. Meanwhile, voices who get it right are ignored. With sharp criticism of institutional hypocrisy and media groupthink, this segment challenges who really writes the rules about who we're “allowed” to believe.

This explosive segment weaves together the unraveling of a long-running deception: the Russia collusion hoax, the failed recession predictions from financial elites, and the emerging threat of international censorship tied to U.S. intel agencies. Financial media relied on Democrat donor Jamie Dimon for recession forecasts that flopped—while Trump's tariffs defied predictions and boosted the economy. But the real bombshell lies deeper: recovered FBI “burn bag” documents expose the fabrication of the Trump-Russia narrative by Hillary Clinton's campaign, documented in a memo uncovered via a Russian hack of Soros's Open Society Foundation. Meanwhile, former CIA Director John Brennan is helping foreign governments build censorship regimes, like the UK's Online Safety Act and Brazil's social media crackdown—programs modeled off U.S. intel operations. Trump's recent aggressive tariffs on Brazil signal a new phase of the battle. As the censorship-industrial complex expands globally, this segment warns: we are now in the hot phase of the war against the Deep State—and the Dragnet is already being built.

As the lawsuit filed by the USVI against JP Morgan and Jes Staley continues to unfold, we are learning a lot more about what the contents of those filings contain and what the government of the USVI is alleging. Jamie Dimon, giving an interview on CNBC discussed the problems facing the bank and apolgized for the banks relationship with Jeffrey Epstein but stressed that they are not responsible for his behavior.Meanwhile, back in reality....(commercial at 10:01)to contact me:bobbycapucci@protonmail.comsource:JPMorgan CEO Jamie Dimon regrets Jeffrey Epstein relationship (cnbc.com)

About the Guest:Les Csorba is a partner at Heidrick & Struggles, specializing in CEO and board succession, primarily in the energy sector. With roots in the first Bush administration's Presidential Personnel Office, Les has spent 30+ years advising leaders. His new book Aware: The Power of Seeing Yourself Clearly dives deep into the science and practice of self-awareness in leadership.Summary:On the How2Exit Podcast, Ron Skelton sits down with Les Csorba, a veteran executive coach, author, and partner at Heidrick & Struggles. With more than three decades in executive search and CEO coaching, Les shares a powerful perspective: leadership—not just capital, strategy, or technology—is the determining factor in building and sustaining successful businesses. His insights highlight why self-awareness, humility, and feedback cultures matter more than ever in today's high-stakes M&A environment.The conversation digs into the nuances of finding the right CEO, avoiding the trap of “people pleasing,” and why so many deals fail due to culture, not spreadsheets. Les also teases his new book Aware: The Power of Seeing Yourself Clearly, where he unpacks why most leaders think they're self-aware but aren't—and what it takes to close that gap.The Key Takeaways:Leadership Greater than Capital or Strategy: While capital, strategy, and technology are vital, Les stresses that leadership is the real driver of long-term business success.The Self-Awareness Factor: The best leaders balance strong confidence with humility and candid self-reflection—an incredibly rare skill set.People Pleasing Is a Blind Spot: Over half of leaders identify as people pleasers, which often results in poor decisions like leaving the wrong people in key roles.Feedback Culture is Essential Great organizations don't wait for annual reviews—they create ongoing, transparent feedback loops where leaders and teams hold each other accountable.Integration Is Where Deals Fail Many M&A transactions collapse not over numbers, but because two cultures can't align. Leadership due diligence is as critical as financial diligence.Few CEOs Last Long-Term Most CEOs average 5–6 years in the role; exceptions like Jamie Dimon succeed by reinventing themselves and empowering strong lieutenants.Blind Spots Are Universal Every leader has blind spots. The real question is whether they have the courage to name and engage them.The Digital Age Hurts Self-Awareness Constant distractions from technology and social media erode the reflective space leaders need to truly know themselves.--------------------------------------------------Contact Les onLinkedin:Website:--------------------------------------------------

Big tech results continue to filter in, as Apple and Amazon both report. The impact on the broader tech space, and what one top analyst sees in store for the companies. Plus JPMorgan CEO Jamie Dimon weighing in on markets, the Fed, regulation, and more. Where he sees stocks heading next, and his take on Fed independence, as the Trump-Powell drama continues following the central bank's latest rate decision.Fast Money Disclaimer

Jamie Dimon, CEO of JPMorgan Chase, expressed regret over the bank's prolonged relationship with Jeffrey Epstein, stating in depositions that while he believed the bank committed no crime, he would personally apologize if the firm had eased or accelerated the investigation into Epstein's misconduct. He emphasized that he was unaware of Epstein's trafficking operation until it “blew wide open” during Epstein's arrest in 2019, and asserted that he had no personal contact or communication with Epstein prior to that time. Dimon placed responsibility for client monitoring on JPMorgan's general counsel and other executives, and noted that if the firm had known the full extent of Epstein's crimes earlier, they would have terminated the relationship immediately.Despite Dimon's expressed regret and conditional apology, critics argue it reflects the bank's broader failure of oversight rather than a true acknowledgment of responsibility. Internal documents revealed that senior executives had received multiple warnings about Epstein's suspicious conduct dating back to at least 2006, including a 2011 email from the general counsel labeling Epstein as “not a person we should do business with”—yet the bank continued servicing him through 2013. Dimon's narrative of ignorance appeared rehearsed in depositions, eliciting skepticism given the clear record of internal red flags that were ignored. His apology, while polite, is viewed by many as too little, too late—a reputational gesture that does not absolve the institution from the moral and operational failures exposed by the litigation.to contact me:bobbycapucci@protonmail.comsource:https://www.wpbf.com/article/queen-for-a-day-how-ghislaine-maxwell-could-be-striking-a-deal-with-prosecutors/33253619#

Jamie Dimon, the cautious head of JPMorgan Chase, has consistently warned that private credit, the hottest trend on Wall Street, could trigger a financial blowup. So why is America's biggest bank pouring money into it? WSJ's Alexander Saeedy explains JPMorgan's strategy and why you should care. Annie Minoff hosts.  Further Listening: - JP Morgan CEO Jamie Dimon on What's Next for the Economy - Is the Economy… OK?  Sign up for WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The competition for junior talent between private equity and Wall Street banks reached a new peak this summer. That's thanks to a controversial recruiting practice that is causing both industries to find talent earlier and earlier.Now, powerful figures such as JP Morgan Chase CEO Jamie Dimon are publicly decrying the strategy. The FT's Wall Street editor Sujeet Indap and banking editor Ortenca Aliaj explain the origins of this friction and what it says about the future of Wall Street and private equity's top firms. Clip from the Psaros Center for Financial Markets and Policy - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Wall Street vs private equity: can anyone stop the grad recruitment creep?Is investment banking still a jewel in Wall Street's crown?Private equity abandons early recruiting after Jamie Dimon fightback- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Ortenca Aliaj on X (@OrtencaAl) and Bluesky (‪‬‪@ortenca.bsky.social‬), and Sujeet Indap on X (@sindap) and Bluesky (‪@sindap.bsky.social‬‪‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Are you overlooking the one thing that could make or break your next real estate investment? Most investors spend hours underwriting deals, but few dive deep into the debt structure, a critical part of the capital stack that can significantly impact returns and risk. In this episode, Jeannette Friedrich is joined by Sean Kelly Rand, Managing Partner at RD Advisors and former Lehman Brothers executive, to unpack the realities of bridge lending, where the market might be heading, and what passive investors need to know now. Whether you're investing in multifamily, underwriting your next acquisition, or simply trying to better understand capital structures, this conversation will leave you smarter. Key Takeaways: Why most real estate investors ignore debt structure at their own peril, and how to fix that. Sean's firsthand insights from Lehman Brothers and the GFC, and why some current trends feel uncomfortably familiar. The case for senior bridge debt in today's market: what makes it attractive and how borrowers are using it to gain an edge. Why recapitalisations and mezzanine debt are becoming key opportunities in the Boston market. A lender's perspective on the hidden risks in today's housing market, including mortgage duration risk and credit delinquencies. The major differences between institutional Wall Street deals and small balance lending, and why branding and B2C strategy now matter for lenders. A breakdown of judicial vs. non-judicial foreclosure markets, and why they shape where lenders choose to operate. Where private credit is misunderstood: Sean's response to Jamie Dimon's warnings, and why not all private credit is created equal. Advice for passive investors: how to identify when a bridge loan is helping the business plan or hurting it. This episode is essential listening for real estate investors looking to build smarter capital stacks and understand how financing decisions drive risk and return. Timestamps 00:00 Introduction and Guest Background 01:24 Early Career and Real Estate Insights 07:44 Market Analysis and Lending Strategies 24:12 Understanding Senior Debt and Bridge Loans 26:47 Transitioning from Wall Street to Everyday Lending 33:26 The Future of Private Lending and Market Insights Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose *

In this episode, we dive headfirst into one of Europe's most brutal and under-discussed chapters: the collapse of Yugoslavia. Live from Croatia, where the scars of that war still linger, and where, 30 years on, the economic, political, and human fallout continues to echo across the continent. We explore how hyperinflation, sparked by debt-fuelled mismanagement and ethnic tension, helped tear the country apart. At one point, Yugoslavia's army was the largest in Europe. Today, its people make up the single largest intra-EU migrant group. In Ireland alone, over 40,000 Croats were issued PPS numbers in the last five years. We walk you through the tangled roots of nationalism, the rotating presidency that doomed a federation, and how the ghost of Tito, who told Stalin to feck off in 1946, still haunts the region. We also talk Jamie Dimon, who popped up in Dublin last week declaring “Europe has lost,” and we break down what that means in GDP terms: 25 years ago, US and EU GDP per capita were neck-and-neck—now the US is 25% ahead. We trace that back to 1995 and ask: What if Yugoslavia was the first warning shot? Hosted on Acast. See acast.com/privacy for more information.

We sit down with Jamie Dimon for a live conversation at Radio City Music Hall, covering the incredible journey from his 1998 firing at Citgroup (where he was widely expected to become CEO) to building the most powerful bank in the world. Today JPMorgan Chase is a juggernaut — the most systemically important non-governmental financial institution in the world, with over twice the market capitalization of its nearest competitor. But it certainly wasn't always this way! Jamie takes us from his career restart at the struggling Chicago-based Bank One through how he transformed that platform into the foundation for the modern JPMorgan Chase. We dive into the “fortress balance sheet” strategy that has defined his tenure, and cover blow-by-blow Jamie's approach to the Great Financial Crisis, Bear Stearns, WaMu, First Republic and more. Tune in for an incredible conversation, live from New York City's most iconic venue!Sponsors:Many thanks to our fantastic Summer ‘25 Season partners:J.P. Morgan PaymentsVercelAnthropicStatsigEpisode image photo credit: Rockefeller CenterMore Acquired:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Check out the latest swag in the ACQ Merch Store!‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Jamie Dimon, CEO of JP Morgan, had some very harsh words and a pointed warning. He said the world was at high risk from tariffs. And while the activities of "his" bank largely agree with the high degree of risk, it's the complete opposite from what Dimon said publicly. This is not the first time this has happened, either. When the risks are greatest, JPM's CEO says one thing while JPM itself does the opposite. Eurodollar University's Money & Macro Analysis*****If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/*****JP Morgan letter to shareholders April 2024https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/ceo-letter-to-shareholders-2023.pdfJP Morgan second quarter 2024 press statementhttps://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/2nd-quarter/36a0b862-cc80-4e28-bf1b-5cfa07dc9637.pdfBloomberg JPMorgan's Dimon Warns Markets Are Complacent on Tariffshttps://www.bloomberg.com/news/articles/2025-07-10/dimon-says-an-eu-us-tariff-framework-needs-to-get-doneBloomberg Dimon Says Prepare for 4% Yields, Potential Volatility Risehttps://www.bloomberg.com/news/articles/2018-05-08/dimon-says-prepare-for-4-yields-sees-potential-volatility-riseCNBC Jamie Dimon cautions the 10-year Treasury yield could hit 5%: ‘It's a higher probability than most people think'https://www.cnbc.com/2018/08/06/jp-morgans-jamie-dimon-cautions-10-year-treasury-note-rate-to-hit-5-percent.htmlBloomberg Weakest U.S. Bond Auction in Decade Validates Dimon's Warninghttps://www.bloomberg.com/news/articles/2019-05-08/low-yield-bad-seasonals-and-trade-trip-up-u-s-10-year-auctionhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

P.M. Edition for July 14. Private credit may be Wall Street's hottest trend, but JPMorgan Chase CEO Jamie Dimon has said that it's a recipe for a financial crisis. So why is the bank investing $50 billion in private credit anyway? Alexander Saeedy, who covers banks and finance for the Journal, explains. Plus, businesses are looking for new ways—some legal, some not—to avoid President Trump's tariffs. WSJ reporter Corinne Ramey joins to discuss how they're doing it and why, for the first time, the Justice Department is cracking down on tariff cheaters. And President Trump puts pressure on Russia by threatening 100% tariffs and a deal with NATO to provide weapons to Ukraine. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Guy Adami and Dan Nathan discuss the potential implications of bank earnings, CPI and PPI data, tech earnings, and geopolitical factors such as tariffs and trade rhetoric. They also touch on the impact of recent Fed decisions, interest rates, and the historical context of current market valuations. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Asia is suddenly awash in deflation. Japan is now experiencing it. And while not necessarily new for China, the acceleration downward to producer prices hints at deterioration in demand, overseas as well as locally. It's become a big enough change the government in Beijing crucially appears to shifting its own economic focus, a potentially profound worldwide signal. Oh, and Jamie Dimon.Eurodollar University's conversations w/Steve Van Metrehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

God's Debris: The Complete Works, Amazon https://tinyurl.com/GodsDebrisCompleteWorksFind my "extra" content on Locals: https://ScottAdams.Locals.comContent:Politics, President Trump, Rosie O'Donnell's Citizenship, Jamie Dimon, Zohran Mamdani, AI Training Glasses, Sam Altman, OpenAI Open-Weight Model, Robot AI Evolution, Melania Trump, Texas Flood Empathy, June Tariff Revenue Surplus, Peter Navarro, Assumption Based CBO Estimates, Climate Change 17% Fear, Geothermal Energy Holes, Harvard Conservative Think Tank, Roger Stone, Steve Bannon, Elon Musk, Epstein Files, Pam Bondi, Dan Bongino, Epstein's Trust Fund, Hillary Clinton Censorship Support, Butler SS Suspensions, CA Cannabis Migrant ICE Raid, Mamdani Affordability Messaging, Rachael Maddow, Cryptocurrency, Bill Pulte, Jerome Powell, Ukraine War, NATO Sunk Cost, Iran Nuclear Enrichment, Scott Adams~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~If you would like to enjoy this same content plus bonus content from Scott Adams, including micro-lessons on lots of useful topics to build your talent stack, please see scottadams.locals.com for full access to that secret treasure.