Podcasts about journey foundation

Today's show is quite different from our typical show. It's an edited replay of a conversation from six years ago with Michael Mervosh, the Executive Director of the Hero's Journey Foundation. Michael created HJF to provide experiential opportunities for human development and transformation based on Joseph Campbell's mythic hero's journey. A few weeks ago, I received a FaceTime call from Michael at the tail end of the annual HJF Men's Journey in the mountains of West Virginia. He called alongside someone I didn't know, who had listened to the podcast years ago and planted a seed that led to his participation this year. He recently retired after two decades as a partner at a very well-regarded, multi-billion-dollar equity manager. Seeing his ear-to-ear grin and expression of thanks from leading him on the journey had me wanting to share this again, in case you also find the call to the mountain at a future moment in your life. My conversation with Michael took place in the mountains of West Virginia towards the end of a hero's journey six years ago and discusses the program, how Michael came to creating it, and life lessons across perfectionism, uncertainty, and fear. You can learn more by visiting herosjourneyfoundation.org. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

In our inaugural episode, host Sarah Samuels, CFA, CAIA, sits down with Ted Seides, CFA, founder of Capital Allocators, an ecosystem that includes podcasts, gatherings, and advisory. The two talk about Ted's career journey, advice for investment professionals managing their careers, his bet with Warren Buffett, and his overall investment philosophy.   Show notes Ted Seides, CFA is the founder of Capital Allocators, an ecosystem that includes podcasts, gatherings, and advisory. Ted launched the Capital Allocators podcast in 2017. The show reached 17MM downloads as of September 2023 and has been recognized as the top institutional investing podcast.   Alongside the podcast, Ted created Capital Allocators Summits with friend and industry veteran Rahul Moodgal to bring together industry leaders to connect and learn. He developed Capital Allocators University to teach senior professionals non-investment disciplines that are essential to investment success. He also advises managers on business strategy and allocators on investment strategy.   In March 2021, Ted published his second book, Capital Allocators: How the world's elite money managers lead and invest that distills key lessons from the first 150 episodes of the podcast. In October 2022, he was honored as Citizen of the Year at With Intelligence's inaugural Allocator Prizes.   From 2002 to 2015, Ted was co-founder of Protégé Partners LLC and served as President and Co-Chief Investment Officer. Protégé was a leading multibillion-dollar alternative investment firm that invested in and seeded small hedge funds. In 2010, Larry Kochard and Cathleen Rittereiser profiled Ted in the book Top Hedge Fund Investors. In 2016, Ted authored his first book, So You Want to Start a Hedge Fund: Lessons for Managers and Allocators, to share lessons from his experience.   Ted began his career from 1992-1997 under the tutelage of David Swensen at the Yale University Investments Office. During his five years at Yale, Ted focused on external public equity managers and internal fixed income portfolio management. Following business school, he spent two years investing directly in public and private equity at three of Yale's managers, Brahman Capital, Stonebridge Partners, and J.H. Whitney & Company.   With aspirations to demonstrate the benefits of hedge funds on institutional portfolios to a broad audience, Ted made a non-profitable wager with Warren Buffett that pitted the 10-year performance of the S&P 500 against a selection of five hedge fund of funds from 2008-2017.   Ted writes a blog called What Ted's Thinking and previously wrote columns for Institutional Investor, CFA Institute's Enterprising Investor, the late Peter L. Bernstein's Economics and Portfolio Strategy.   He is a member of the Advisory Council for the Alliance for Decision Education and a participant in the Hero's Journey Foundation. Ted previously served as Trustee and member of the investment committee at the Wenner-Gren Foundation, Trustee and head of the Programming Committee for the Greenwich Roundtable, and an Advisory Board member of Citizen Schools-New York.   Ted graduated Cum Laude from Yale University and received an MBA from Harvard Business School.   Disclaimer This podcast is the property of the CFA Society Boston. It may not be copied, duplicated, or disseminated in whole or in part without the prior written consent of CFA Society Boston. ​The comments, suggestions, and advice provided in and during this podcast are of the applicable host and guests and not of their respective employers or CFA Society Boston, its members, employees, or volunteers. This proprietary podcast is provided for general informational purposes only and was prepared based on the current information available, including information from public and other sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the accuracy, correctness, appropriateness, completeness or reliability of the information, opinions, or conclusions expressed in the podcast and by the presenters. ​ Information in this podcast should not be considered as a recommendation or advice to own any specific asset class.  This podcast does not take into account your needs, personal investment objectives, or financial situation. Prior to acting on any information contained herein, you should consider the appropriateness for you and consult your financial professional.  All securities, financial products, and transactions involve risks, including unanticipated market, financial, currency, or political developments. Past performance should not be seen as a reliable indication of future performance and nothing herein should be construed as a guaranty of results. ​ This podcast is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction.   Pull Up a Chair is produced by Association Briefings.

Melanie Lewis, Executive Director of the Pink Journey Foundation, discusses their upcoming health fair in Corona. 

Allow me to reintroduce myself. I am Jenn Cody and this is the #CreateYourDay Podcast. In this premier episode of this newly rebranded show, we discuss a little bit about me, and why I decided to rebrand the podcast. I'm going to fill you in on the reason #createyourday is a thing for me, and what it means about everything coming up I'm going to share with you. I discuss my friend Jenna, who passed in 2020 and was the originator of the "create your day" concept. Thanks so much for listening. To find out more about me, please go to www.jenncody.com For more information on Jenna's Journey Foundation, the non profit I run, please visit www.jennasjourneyfoundation.org

In 2002, The Women's Journey Conference was created and five years later the Women's Journey Foundation was formed with Patty Turrell as its founder and president. Creating a transformational shift in the way women and girls view themselves, the Women's Journey Foundation is a non-profit organization whose mission is to strengthen confidence and self-reliance in women and girls of all ages. This exclusive interview is found in 'The Hope Edition' of AwareNow Magazine: www.awarenowmagazine.com Featuring: Patty Turrell Interviewed by: Allié McGuire Music by: Sol Rising Produced by: Awareness Ties

Former heavyweight champion Lamon Brewster kindly joined me for an in depth interview on his journey into boxing, career, fighting and beating Wladimir Klitschko, on top of giving an insight into his foundation: The Brewster Foundation. ❤️ Patreon: https://www.patreon.com/QualityShotSupport us by becoming a Patreon, we have 3 tiers with different perks- become a legend in the QualityShot community. Tier prices are £1, £3 & £5 - do get involved to help us continue to grow and improve the content we provide! FOLLOW US on social media: Twitter: https://twitter.com/QualityShot1 Discord: https://discord.gg/2yrrrRVU Facebook: https://www.facebook.com/qualityshot.f Instagram: https://www.instagram.com/qualityshot.f/ YT: https://www.youtube.com/channel/UCHvJsy7PezicDNlLm8Wkmbw @QualityShot ✉️Email for any business or collab enquiries: qualityshot.f@gmail.com #boxing #lamonbrewster #wladimirlklitschko #brewster #klitschko #boxinginterview #heavyweight #heavyweightchampion #heavyweightboxing #QualityShot

The Social Contract and Our Bodies The pandemic has given us a glimpse into the ways our health is woven into the social contract. The high number of deaths from COVID are the result of the government's failure to collaborate with international organizations and with our own state lawmakers. We leaned on essential care workers, many of whom are people of color. And yet, they often lacked PPE, challenging what it really means to be “essential.” The Inequality of Health Racism is a preexisting health condition in the United States. COVID unveiled the institutional and infrastructural inequalities that have existed in our healthcare system for decades, which we see with the alarming rates of death among Black and Latino children. These inequalities and social stereotypes affect every corner of healthcare. For example, Black adults are 2 to 6 times more likely to suffer an amputation than a white adult, especially for common conditions like diabetes. Women's Health Increasingly, aspects of women's health, such as reproduction, pregnancy, abortion, birth, and motherhood have been criminalized in the United States. Criminalization especially affects Black and brown women so that medical care has become a weapon to turn health issues like a stillbirth into a criminal offense. However, in creating these sorts of precedents, all women—regardless of race—are then subject to suffering under this weaponization of healthcare, which we see happening across the country right now. FIND OUT MORE: Michele Goodwin is a Chancellor's Professor at the University of California Irvine and founding director of the Center for Biotechnology and Global Health Policy. She is the recipient of the 2020-21 Distinguished Senior Faculty Award for Research, the highest honor bestowed by the University of California. She is an elected member of the American Law Institute, as well as an elected Fellow of the American Bar Foundation and the Hastings Center (the organization central to the founding of bioethics). She is an American Law Institute Adviser for the Restatement Third of Torts: Remedies. Goodwin has won national awards for excellence in scholarship, outstanding teaching, and committed community service. Gov. Paul Patton of Kentucky commissioned her a Colonel, the state's highest title of honor for her outstanding contributions to K-12 education. She's the recipient of the Be The Change Award, the Sandra Day O'Connor Legacy Award by the Women's Journey Foundation, and was named Teacher of the Year by the Thurgood Marshall Bar Association in 2018. Goodwin received a commendation from the United States House of Representatives for Outstanding Teaching.  You can follow Michele Goodwin on Twitter at @michelebgoodwin

Monday morning live with Natasa Denman featuring the power couple of the Ultimate 48 Hour Author Family, Tani de Guzman Leeper & John Leeper. Tani and John Leeper are the authors of Dear Baby–Our Angel We Lost, Love and Honor Forever and founders of Jake's Journey Foundation, a non-profit organization providing financial and emotional assistance to the pregnancy loss community in their area. For several years, Tani and John have tirelessly facilitated a peer-peer support group that empowers parents impacted by pregnancy and infant loss to find their voice while navigating grief. Having suffered two miscarriages and a stillbirth, they know first-hand the monumental heartache and the ultimate gift of finding hope, peace, and their greatest purpose. They have learned that healing comes from taking positive steps over time, openly speaking about grief, and having a clear focus and vision for the future. An engaging and inspiring powerful duo, they draw from each other through successes and adversities. They offer a relatable message that is an inspiration to others. 3 KEY TAKEAWAYS: • Grieving the same thing, but grieving it differently (how men and women handle grief) • Importance of forming healing connections • Living out our new purpose: Leaving a Legacy Catch our regular morning lives every Monday 9am Melbourne time. Find us at http://www.writeabook.com.au Join our Facebook Community: Author Your Way to Riches: https://www.facebook.com/groups/autho... Subscribe to my YouTube Channel: http://bit.ly/NatasaDenmanYouTube

Mr Kolemann Lutz (Kole) is an entrepreneur, philanthropist, and explorer with five years of experience in space technology, settlement, and exploration. Kole has dedicated his career to developing life to reach our full potential by enabling a permanent presence on the Moon, Mars in orbit, and Venus. Kolemann is the Cofounder at Mars University, Founder at Frontier Space, a space research organization and podcast listened to in 43+ countries, and the Founder at Biofrequency Analytics, a biotech SaaS company building the first frequency-based data refinery and blueprint of the human body to remotely monitor thousands of human biomarkers. Mars University - https://www.marsu.space/ Biofrequency Analytics - https://bio-analytics.wixsite.com/frequencyanalytics Journey Foundation - https://journeyfoundation.net Frontier Space - www.anchor.fm/frontierspace Google Scholar - https://bit.ly/38hgRs7

In less than 2 years, Tatiana created a 6-figure business while being at home with an infant. For her third pregnancy, she wrote a best-selling book. She has had a major impact on women's health and impacted MORE with her social media. She knew she was here for so much more...and you are, too!In this episode you will learn: How to follow the little sparksWhy "having it all" wasn't what Tatiana neededWhat she did to align herself with her momentumWhere you can find Tatiana:IG handle: @tatianaamicoFacebook CommunityPurchase: Tatiana's book 

Episode 25 features comedian Julie Kidd.   Julie takes us through her career, her worst show ever, and producing comedy shows. We also discuss Julie's organization of choice, "Women's Journey Foundation". All episodes are available to watch on YouTube. Search Uncommon Comedy Podcast. Hosted by comedian Brian Apprille. Interact live with Brian at www.twitch.tv/comedybrian

Michael Mervosh, clinical psychologist and founder of the Hero’s Journey Foundation. Michael joined me to talk about how people are managing their way through the crisis. Our conversation covers the unexpected resonance of shelter-in-place, facing ordeals, valuing connection, and discovering creativity. We close with a simple tip to participate in something bigger than yourself, and a poetic word about kindness. If you’d like to learn more about Michael and his work, in which I’ve been an active participant, check out herosjourneyfoundation.org/introduction, and have a listen to our previous conversation that follows on the feed. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast

Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that provides experiential learning opportunities for human development and transformation based on Joseph Campbell’s mythic hero’s journey. He has a passion and indescribable skill in enlivening the developmental process and fostering vitality, meaning and well-being in individuals, groups, and organizations. When not running programs or training others, Michael practices psychotherapy at the Nuin Center in Pittsburgh, where he has professionally resided for 25 years. Our conversation took place in the mountains towards the end of this year’s journey and is quite different from those you may be accustomed to hearing on the show. We cover Michael’s path to creating the experience, the myth of the Hero, lessons in how the world actually works, the call to adventure, perfectionism, uncertainty, fear, and poetry. If you’re intrigued, I strongly encourage you to check out herosjourneyfoundation.org. Spaces are limited for the annual summer Men’s and Women’s Journeys, so sign up for next year’s trip at the website or reach out to me.  I intend to be back on the mountain next year and hope to see you there. Learn More Discuss the show and Read the transcript Join Ted's monthly Mailing List Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast Book Links Phillip Shepherd, New Self, New World: Recovering Our Senses in the Twenty-First Century Joseph Campbell, The Hero with a Thousand Faces Jack Kornfeld, After the Ecstasy, the Laundry: How the Heart Grows Wise on the Spiritual Path Joseph Jastrab, Sacred Manhood Sacred Earth: A Vision Quest into the Wilderness of a Man's Heart

Ted Seides, CFA, is the son of a teacher and a psychiatrist. Perhaps by genetic disposition, he is passionate about sharing his insights and investing in people. He is the chief investment officer of Perch Bay Group, a single-family office he joined in 2017 to manage a diversified portfolio of direct and fund investments across asset classes. Ted produces and hosts the Capital Allocators Podcast, which by the by the end of 2018 had reached one million downloads. From 2002 to 2015, Ted was a founder of Protégé Partners and served as president and co-chief investment officer. Protégé was a leading multibillion-dollar alternative investment firm that invested in and seeded small hedge funds. Ted built the firm’s investment process and managed the sourcing, research, and due diligence of its portfolios. In 2010, Larry Kochard and Cathleen Ritterheiser profiled Ted in Top Hedge Fund Investors: Stories, Strategies, and Advice. Sharing the lessons from his experience, Ted authored So You Want to Start a Hedge Fund: Lessons for Managers and Allocators in February 2016. He began his career in 1992 under the guidance of David Swensen at the Yale University Investments Office. During his five years at Yale, Ted focused on external public equity managers and internal fixed-income portfolio management. Following business school, he spent two years investing directly at private equity firms, Stonebridge Partners and J.H. Whitney & Company. With aspirations to demonstrate the salutary benefits of hedge funds on institutional portfolios to a broad audience, Ted made a non-profitable wager with Warren Buffett that pitted the 10-year performance of the S&P 500 against a selection of five hedge fund of funds from 2008-2017. Ted is a columnist for Institutional Investor, wrote a blog for the CFA Institute’s Enterprising Investor, and wrote guest publications for the late Peter L. Bernstein’s Economics and Portfolio Strategy newsletter. He is also a trustee and member of the investment committee at the Wenner-Gren Foundation, an active participant in the Hero’s Journey Foundation, and is a decade rider with Cycle for Survival. He previously served as a trustee and head of the programming committee for the Greenwich Roundtable and as a board member of Citizen Schools-New York. Ted holds a BA in economics and political science, Cum Laude, from Yale University and an MBA from Harvard Business School.   “It was one of those examples that the market can stay rational longer than you can stay solvent, and that really anything can happen. There was nothing about the fundamentals of these assets that would have told you that this could have happened.” Ted Seides   Support our sponsor   Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net.     Worst investment ever Ted chose one of his worst investments ever based on its outcome. In 2002, during his early years at Protégé Partners around the launch of that fund, one of the core investments they were making was in a multi-manager hedge fund portfolio. Within that portfolio, one of the core investments was in a relative-value arbitrage hedge fund called Parkcentral Global Hub. Principled fund group included Perot family It was a group that had spun out of or was included in the family office of the late Ross Perot. And the group had been managing its strategy for a long time very successfully in a kind of value-oriented, relative-value manner with a very long time horizon. There was a tremendous amount of co-investment (a minority investment made directly into an operating company alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction). Perot had put around US$500 million into the fund and there were highly skilled people running it. Seides said it was a rare case of an investment management organization run with great business principles. Fund launches in 2002 and grows to nearly 3bn in assets The fund launched to outside investors in July 2002, growing to US$2-3 billion in assets until they closed it to new investors. It continued to progress well under the goal of making 10%-12% a year with relatively low volatility. And they had done that historically. They found new structures and strategies, were very insightful and had good communcations enabling investors to know exactly what was going on. Few blips in Spring 2008 but nothing major But, heading into Spring 2008 the situation became shaky for them. A few things went wrong, but they were within the bounds of their understanding of risk and in the summer and into the fall, they would come by the office and said their largest position was a relative-value trade in the commercial mortgage-backed space. Out of the 2008 crisis, most people remember that subprime residential mortgages blew sky high. But in the commercial mortgage space, if considering the fundamentals, there were apparently few problems in the economy. Serious concerns aroused after fund loses 13% by September’s end But strange things were happening in the capital markets because of the turmoil, especially in September. The fund survived the Lehman bankruptcy in October, but going into November, they had a particular trade where they were going long in some senior debt – commercial mortgage-backed securities. The senior debt was priced as if something like 40% of the underlying commercial real estate would have to default with no recovery at all. And all because of the turmoil that was happening in the markets. It was so bad that the fund managers said it no longer made sense to continue to hedge with the junior debt because it had gone down so much that it was not really hedging anything, so they let all the clients know what was happening. By the end of the month, Parkcentral Global Hub had lost 13% of its value, in part because of commercial mortgage-backed securities, an affidavit from the Bermuda liquidators now says. October takes another 26% out, reducing net-asset value to under US$1.5bn In October, the fund lost an additional 26% of its value, reducing the fund’s net assets to just under $1.5 billion. November darker As November rolled in, the situation got worse. Losses continued early in the month and accelerated beginning in November 12, as the bottom fell out of the commercial mortgage-backed securities market. In just one day, November 18, the fund lost $300 million. In that deadly six days in November, his office in New York was saying that they kept putting money into the trade, backing the collateral, but it kept getting worse. For one day that those prices moved, Ted remembered, it was around 1,700 basis points over treasuries. That was the equivalent of something 60% of all of the commercial real estate that underpinned these assets had to go bankrupt with no recovery. Fund’s net asset value goes to less than zero On that great day of loss, all the money in the fund was gone, in fact, more than all the money in the fund. The fund net-asset value (NAV) went to zero. They could have described it as poor risk management, you could have described it as being involved in the drive by shooting. So what what happened, though, was that most of the principals in the organization had all of the their money invested alongside the client and lost all of it. Perot lost maybe $500 million, maybe it was more. But he did decide against putting billions back in the trade to get to the other end, which was the implicit reason why they would be able to withstand turmoil. Events were around the time Madoff was exposed This was all around the same time or a little bit before news about Bernie Madoff emerged. But at least today most of the investors have probably gotten most of their money back with all of this recovery from Irving Picard. But for Ted and his team, they only held a 2%-3% position in the portfolio, and therefore could withstand the hammering. But it was one of those examples that the market can stay rational longer than you can stay solvent. And that really anything can happen. There was nothing about the fundamentals of these assets that would have told you this could have happened, Ted says. “You could have described it as poor risk management, you could have described it as being involved in the drive by shooting … what happened, though, was most of the principals in that organizsation had all of the their money invested alongside the client and lost all of it. Ross (Perot and his family) lost … maybe … $500 million, maybe more.” Ted Seides Some lessons Anything can happen In something you underwrite, in this case an investment management organization that was a great organization that had done everything the right way except for one thing – which was they had leverage and they failed to manage risk in the worst possible moment to be able to withstand the “hundred-year flood” that hit Be very wary of any investment that is leveraged Such a situation can easily lead you to losing control of your wealth and future. Ted talked about how markets can stay rational longer than an investor can stay solvent. He said that not only is this true, but all investors are not immune to this happening. If using leverage in your strategy, you absolutely must understand how you’re going to survive a big storm   Andrew’s takeaways The key lesson is the issue about leverage Overconfidence can creep in and lead to dangerous decision But it’s very human and happens all the time. In the investment field, analysts, researchers and allocators are paid for strong opinions and to “putting their money where their mouth is” and convey belief in their opinion. That can lead to overconfidence, which can creep in despite being years of discipline and one day the self-belief overreaches and the money injected is excessive. It’s then that big losses occur. Diversification was key for Ted While the lack of it wiped out the fund he was investing in, it didn’t wipe out Ted because he had used the diversification technique of sizing his position. Two main risks an analyst should look out for when analyzing companies Leverage Forex If a company has no debt, and no foreign exchange exposure, a huge amount of potential risk is eliminated.     Actionable advice All investors should get a lot more creative on how much worse it could get than the worst-case possible outcome, because again: “Anything can happen.”   No. 1 goal for next the 12 months To figure out how the work he has done on his own podcast can best benefit an investment organization.     Parting words “Andrew, keep this up. It’s a lot of fun and it’s a terrific way of trying to tease out lessons.”   You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Learn with Andrew Valuation Master Class - Take this course to advance your career and become a better investor Connect with Ted Seides LinkedIn Twitter Website Podcast Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast   Further reading mentioned Larry Kochard and Cathleen Ritterheiser (2010) Top Hedge Fund Investors: Stories, Strategies, and Advice Ted Seides (2016) So You Want to Start a Hedge Fund: Lessons for Managers and Allocators Ted Seides (2006) Let’s Don’t Wait Til the Water Runs Dry, published in the Economics and Portfolio Strategy newsletter, Peter L. Bernstein (ed). FA, is the son of a teacher and a psychiatrist. Perhaps by genetic disposition, he is passionate about sharing his insights and investing in people. He is the chief investment officer of Perch Bay Group, a single-family office he joined in 2017 to manage a diversified portfolio of direct and fund investments across asset classes. Ted produces and hosts the Capital Allocators Podcast, which by the by the end of 2018 had reached one million downloads. From 2002 to 2015, Ted was a founder of Protégé Partners and served as president and co-chief investment officer. Protégé was a leading multibillion-dollar alternative investment firm that invested in and seeded small hedge funds. Ted built the firm’s investment process and managed the sourcing, research, and due diligence of its portfolios. In 2010, Larry Kochard and Cathleen Ritterheiser profiled Ted in Top Hedge Fund Investors: Stories, Strategies, and Advice. Sharing the lessons from his experience, Ted authored So You Want to Start a Hedge Fund: Lessons for Managers and Allocators in February 2016. He began his career in 1992 under the guidance of David Swensen at the Yale University Investments Office. During his five years at Yale, Ted focused on external public equity managers and internal fixed-income portfolio management. Following business school, he spent two years investing directly at private equity firms, Stonebridge Partners and J.H. Whitney & Company. With aspirations to demonstrate the salutary benefits of hedge funds on institutional portfolios to a broad audience, Ted made a non-profitable wager with Warren Buffett that pitted the 10-year performance of the S&P 500 against a selection of five hedge fund of funds from 2008-2017. Ted is a columnist for Institutional Investor, wrote a blog for the CFA Institute’s Enterprising Investor, and wrote guest publications for the late Peter L. Bernstein’s Economics and Portfolio Strategy newsletter. He is also a trustee and member of the investment committee at the Wenner-Gren Foundation, an active participant in the Hero’s Journey Foundation, and is a decade rider with Cycle for Survival. He previously served as a trustee and head of the programming committee for the Greenwich Roundtable and as a board member of Citizen Schools-New York. Ted holds a BA in economics and political science, Cum Laude, from Yale University and an MBA from Harvard Business School.   “It was one of those examples that the market can stay rational longer than you can stay solvent, and that really anything can happen. There was nothing about the fundamentals of these assets that would have told you that this could have happened.” Ted Seides   Support our sponsor   Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net.     Worst investment ever Ted chose one of his worst investments ever based on its outcome. In 2002, during his early years at Protégé Partners around the launch of that fund, one of the core investments they were making was in a multi-manager hedge fund portfolio. Within that portfolio, one of the core investments was in a relative-value arbitrage hedge fund called Parkcentral Global Hub. Principled fund group included Perot family It was a group that had spun out of or was included in the family office of the late Ross Perot. And the group had been managing its strategy for a long time very successfully in a kind of value-oriented, relative-value manner with a very long time horizon. There was a tremendous amount of co-investment (a minority investment made directly into an operating company alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction). Perot had put around US$500 million into the fund and there were highly skilled people running it. Seides said it was a rare case of an investment management organization run with great business principles. Fund launches in 2002 and grows to nearly 3bn in assets The fund launched to outside investors in July 2002, growing to US$2-3 billion in assets until they closed it to new investors. It continued to progress well under the goal of making 10%-12% a year with relatively low volatility. And they had done that historically. They found new structures and strategies, were very insightful and had good communcations enabling investors to know exactly what was going on. Few blips in Spring 2008 but nothing major But, heading into Spring 2008 the situation became shaky for them. A few things went wrong, but they were within the bounds of their understanding of risk and in the summer and into the fall, they would come by the office and said their largest position was a relative-value trade in the commercial mortgage-backed space. Out of the 2008 crisis, most people remember that subprime residential mortgages blew sky high. But in the commercial mortgage space, if considering the fundamentals, there were apparently few problems in the economy. Serious concerns aroused after fund loses 13% by September’s end But strange things were happening in the capital markets because of the turmoil, especially in September. The fund survived the Lehman bankruptcy in October, but going into November, they had a particular trade where they were going long in some senior debt – commercial mortgage-backed securities. The senior debt was priced as if something like 40% of the underlying commercial real estate would have to default with no recovery at all. And all because of the turmoil that was happening in the markets. It was so bad that the fund managers said it no longer made sense to continue to hedge with the junior debt because it had gone down so much that it was not really hedging anything, so they let all the clients know what was happening. By the end of the month, Parkcentral Global Hub had lost 13% of its value, in part because of commercial mortgage-backed securities, an affidavit from the Bermuda liquidators now says. October takes another 26% out, reducing net-asset value to under US$1.5bn In October, the fund lost an additional 26% of its value, reducing the fund’s net assets to just under $1.5 billion. November darker As November rolled in, the situation got worse. Losses continued early in the month and accelerated beginning in November 12, as the bottom fell out of the commercial mortgage-backed securities market. In just one day, November 18, the fund lost $300 million. In that deadly six days in November, his office in New York was saying that they kept putting money into the trade, backing the collateral, but it kept getting worse. For one day that those prices moved, Ted remembered, it was around 1,700 basis points over treasuries. That was the equivalent of something 60% of all of the commercial real estate that underpinned these assets had to go bankrupt with no recovery. Fund’s net asset value goes to less than zero On that great day of loss, all the money in the fund was gone, in fact, more than all the money in the fund. The fund net-asset value (NAV) went to zero. They could have described it as poor risk management, you could have described it as being involved in the drive by shooting. So what what happened, though, was that most of the principals in the organization had all of the their money invested alongside the client and lost all of it. Perot lost maybe $500 million, maybe it was more. But he did decide against putting billions back in the trade to get to the other end, which was the implicit reason why they would be able to withstand turmoil. Events were around the time Madoff was exposed This was all around the same time or a little bit before news about Bernie Madoff emerged. But at least today most of the investors have probably gotten most of their money back with all of this recovery from Irving Picard. But for Ted and his team, they only held a 2%-3% position in the portfolio, and therefore could withstand the hammering. But it was one of those examples that the market can stay rational longer than you can stay solvent. And that really anything can happen. There was nothing about the fundamentals of these assets that would have told you this could have happened, Ted says. “You could have described it as poor risk management, you could have described it as being involved in the drive by shooting … what happened, though, was most of the principals in that organizsation had all of the their money invested alongside the client and lost all of it. Ross (Perot and his family) lost … maybe … $500 million, maybe more.” Ted Seides Some lessons Anything can happen In something you underwrite, in this case an investment management organization that was a great organization that had done everything the right way except for one thing – which was they had leverage and they failed to manage risk in the worst possible moment to be able to withstand the “hundred-year flood” that hit Be very wary of any investment that is leveraged Such a situation can easily lead you to losing control of your wealth and future. Ted talked about how markets can stay rational longer than an investor can stay solvent. He said that not only is this true, but all investors are not immune to this happening. If using leverage in your strategy, you absolutely must understand how you’re going to survive a big storm   Andrew’s takeaways The key lesson is the issue about leverage Overconfidence can creep in and lead to dangerous decision But it’s very human and happens all the time. In the investment field, analysts, researchers and allocators are paid for strong opinions and to “putting their money where their mouth is” and convey belief in their opinion. That can lead to overconfidence, which can creep in despite being years of discipline and one day the self-belief overreaches and the money injected is excessive. It’s then that big losses occur. Diversification was key for Ted While the lack of it wiped out the fund he was investing in, it didn’t wipe out Ted because he had used the diversification technique of sizing his position. Two main risks an analyst should look out for when analyzing companies Leverage Forex If a company has no debt, and no foreign exchange exposure, a huge amount of potential risk is eliminated.     Actionable advice All investors should get a lot more creative on how much worse it could get than the worst-case possible outcome, because again: “Anything can happen.”   No. 1 goal for next the 12 months To figure out how the work he has done on his own podcast can best benefit an investment organization.     Parting words “Andrew, keep this up. It’s a lot of fun and it’s a terrific way of trying to tease out lessons.”   You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Learn with Andrew Valuation Master Class - Take this course to advance your career and become a better investor Connect with Ted Seides LinkedIn Twitter Website Podcast Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast   Further reading mentioned Larry Kochard and Cathleen Ritterheiser (2010) Top Hedge Fund Investors: Stories, Strategies, and Advice Ted Seides (2016) So You Want to Start a Hedge Fund: Lessons for Managers and Allocators Ted Seides (2006) Let’s Don’t Wait Til the Water Runs Dry, published in the Economics and Portfolio Strategy newsletter, Peter L. Bernstein (ed).  

In a time of massive change, a woman's role in society is more important than ever before. The Women's Journey Foundation helps to strengthen self-reliance in woman of all ages so they can realize their power and purpose. Patty Turrell joined us on the Critical Mass radio show and Podcast to share how the foundation celebrates the journey of every female trailblazer.  

Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that provides experiential learning opportunities for human development and transformation based on Joseph Campbell’s mythic hero’s journey. He has a passion and indescribable skill in enlivening the developmental process and fostering vitality, meaning and well-being in individuals, groups, and organizations. When not running programs or training others, Michael practices psychotherapy at the Nuin Center in Pittsburgh, where he has professionally resided for 25 years. Our conversation took place in the mountains towards the end of this year’s journey and is quite different from those you may be accustomed to hearing on the show. We cover Michael’s path to creating the experience, the myth of the Hero, lessons in how the world actually works, the call to adventure, perfectionism, uncertainty, fear, and poetry. If you’re intrigued, I strongly encourage you to check out herosjourneyfoundation.org. Spaces are limited for the annual summer Men’s and Women’s Journeys, so sign up for next year’s trip at the website or reach out to me.  I intend to be back on the mountain next year and hope to see you there. Learn More Discuss show and Read the Transcript Join Ted's mailing list at CapitalAllocatorsPodcast.com Join the Capital Allocators Forum Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast

In this conversation, Dina and Chris have a lovely walk through Chris' transformation from seeker to guide. Chris is the founder and facilitator of Woods Walks - guided forest journeys. From his Facebook page: Chris has been involved in ongoing nature-immersion experiences and study for the past 10 years, including 2 summer intensive rites of passage with the Hero’s Journey® Foundation in the mountains of West Virginia, Men’s Rite of Passage with Fr. Richard Rohr and Illuman in the Catskill Mountains, and 9 years of work and training in shamanic healing arts with a Peruvian shaman and guide from the Amazon River basin. Chris also serves on the board and is a steward and guide with Hearthfire, Inc. in Westchester Co., New York. Chris is a resident of South Orange and is grateful to be the father of two sons and a daughter, and a life-partner with their mother for 21 years. “My passion for sharing and experiencing connection to nature goes back to my childhood in Pennsylvania where my playground was the woods at my grandparents house.”  Ways to connect to Chris: https://www.facebook.com/pg/GetIntoTheForest/about/?ref=page_internal https://www.instagram.com/woodswalks96/ woodswalks96@gmail.com (Chris' email) Mentioned in the conversation: https://herosjourneyfoundation.org   As always thank you so much for listening and sharing! Please rate this show on iTunes to help with visibility and reach.  Follow me on IG at @nurture.your_nature Email me at nurtureyournaturepodcast@gmail.com

Episode #2 - In this episode, Michael examines what it takes to practice an authentically Embodied Presence, questioning habitual thinking, and learning to practice letting go of patterned habits.

Welcome to the first episode of the Hero's Journey® Podcast, January 2019. Michael Mervosh speaks about the dissolution of the horizon and the emerging ensemble hero. 

Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that provides experiential learning opportunities for human development and transformation based on Joseph Campbell’s mythic hero’s journey. He has a passion and indescribable skill in enlivening the developmental process and fostering vitality, meaning and well-being in individuals, groups, and organizations. When not running programs or training others, Michael practices psychotherapy at the Nuin Center in Pittsburgh, where he has professionally resided for 25 years. Our conversation took place in the mountains towards the end of this year’s journey and is quite different from those you may be accustomed to hearing on the show. We cover Michael’s path to creating the experience, the myth of the Hero, lessons in how the world actually works, the call to adventure, perfectionism, uncertainty, fear, and poetry. If you’re intrigued, I strongly encourage you to check out herosjourneyfoundation.org. Spaces are limited for the annual summer Men’s and Women’s Journeys, so sign up for next year’s trip at the website or reach out to me.  I intend to be back on the mountain next year and hope to see you there. Learn More Discuss the show and Read the transcript Join Ted's monthly Mailing List Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast Book Links Phillip Shepherd, New Self, New World: Recovering Our Senses in the Twenty-First Century Joseph Campbell, The Hero with a Thousand Faces Jack Kornfeld, After the Ecstasy, the Laundry: How the Heart Grows Wise on the Spiritual Path Joseph Jastrab, Sacred Manhood Sacred Earth: A Vision Quest into the Wilderness of a Man's Heart

In this show, we discuss some of the women who have made a profound difference and impact on the world! Our guest, Patty Turrell, founded the Women’s Journey Foundation [womensjourneyfoundation.org] which supports and encourages women of all ages and backgrounds. Also joining the panel along with hosts Eric and ‘Michelle are Dr. Jim Turrell and Leanne DiSanto.  

In episode 13, Aaron interviews Tammy Ramsay about their recent experience at the Evolve summit with Dr. Shefali Tsabary. Aaron met Tammy at the summit, where she interviewed speakers and attendees as part of the Evolve production team. They discuss parenting struggles, the conscious parenting movement, personal transformation, and takeaways from the Evolve summit. More on Tammy Ramsay: After working as an adoption caseworker for nearly a decade, Tammy left her job to be more present with her children. She has now found part time work that allows her to make her kids a priority while still being involved in passion projects. Tammy recently joined The Family Network (an adoption agency in Roseville, CA) as a board member, works as a member of Dr. Shefali’s EVOLVE production team and serves as a volunteer for the Women’s Journey Foundation in Orange County, CA. Show notes can be found at www.museandthecatalyst.com/ episode 13.

Jim Stilwell is a painter of visions.   The images originated from some intense experiences he has had on Vision Quests.  Hence the parental warning at the beginning of the audio.  I wanted parents and other adults with children in their care to come here and read this post before deciding whether to listen to Jim's interview in the presence of children. The issue is that Jim very generously shares the details of his Vision Quest during the audio, including some events that could be frightening or confusing for children.  Jim was out for four days fasting in the desert and describes feeling visited by a demon.  He also alludes to his enactment of being in a coffin (his sleeping bag), and there area other references to death in the interview.  Also, because Jim has collaborated with veterans to paint their visions, there are mentions of post-traumatic stress disorder in this interview. Ironically, out of an experience that included intensely frightening events came work that many find extremely uplifting and beautiful.  Some of the paintings do send strong messages about societal behavior and consequences (see below "Tipping Point" and "Welcome Home").   Others include Native American imagery and imagery involving the natural elements and spiritual world. Like many artists, Jim began his career as a commercial artist.  He became known for his architectural renderings and worked with developers and architects in Florida.   Along with examples of his paintings, below you will also find one of his architectural illustrations. Soul Gift Jim's intention during his Vision Quest was to discover his soul gift.  Surprisingly, the answer was not art, even though creative images flowed as a result of the Quest.  A true highlight of this interview is hearing Jim reveal what he learned about himself and the purpose of his art. To connect with Jim and see more of his work: SCROLL down the page visit his website http://www.jimstilwell.com visit his educational website for all his tips on drawing proper perspective follow his Facebook page Jim is available for hire to paint images others would like to see created as paintings, what he refers to as collaborations Jim also is available to create drawings of private residences (example below) Other Highlights of this interview include: Jim walking us through what his Vision Quest was like what Jim refers to as "collaborations" in which he works with someone else to understand and then paint the other person's vision.  Jim has worked on collaborations with members of the military and generously donates his work to veterans organization Jim's journey from architectural illustrator to creating the inspired types of paintings he does now Jim's love of sharing his knowledge of perspective drawing via classes his website and workshops. He has a whole separate website dedicated to sharing his methods.  He will be teaching an already-sold-out and wait-listed class at Olli (at UNC Asheville) called "Easy Steps to Creating Perspective in Art" beginning in January 2017.  Other opportunities to learn from Jim will be posted on his website as they arise. Links mentioned during this episode: Hero's Journey Foundation (the organization that conducted Jim's first Vision Quest) Animas Valley Institute (the organization that conducted the Vision Quest Jim describes in-depth) The Warrior Connection, a retreat center in Vermont which helps returning military veterans process their experiences and adjust to being back home.  Jim plans to donate 100% of the proceeds from the sale of his painting "Welcome Home" (the first one below) to the Warrior Connection and has also donated prints to them to sell. his class at Olli (Osher Lifelong Learning Center at UNC Asheville) Zapow Gallery, which carries Jim's work Other work by Jim Stilwell  (Some pieces are noted as available for sale.  Prints of all of the pieces in this article are availa...

Is the younger generation running digital circles around you? Thanks to our expert guests our listeners are familiar with many guidelines for parents, educators, and adults in general, who are confronting the challenges of the digital age. This episode goes one step farther, because Diana Graber of Cyberwise.org has provided mini courses designed to teach you what research has shown to be the six most important Digital Life Skills. Ms. Graber earned an M.A. in Media Psychology and Social Change, making her an ideal guest for The Social Network Show. She and Dr. J discuss the importance of getting research findings into the hands of the public. When researchers write primarily for other researchers, too often even the most useful information can become cloaked in jargon with which the general reader is unfamiliar. Diana has translated and organized valuable information in bite-sized chunks as certificate modules available at the very affordable price of $8.99. (cyberwisecert.com) In fact, your first course is completely free. Schools can subscribe to Cyber Civics™ [http://www.cyberwise.org/#!get-the-cyber-civics-program/c10pf ], years 1 and 2, to provide curriculum in digital literacy training to middle school educators. Asking children to show you how to use the social apps they are fans of is a great way not only to learn the ropes, but also to establish the custom of being where your kids are, before they reach the teen years when they are may not be so eager to communicate. Diana observes that the frontal lobe, source of judgment, may not completely develop until the age of 25! She notes other developmental milestones that will help you appreciate the opportunity, as well as the challenge, information technology presents. Diana emphasizes that behavior is far more important that the particular digital tool-du-jour. Although new tools appear almost daily, behavioral principles are evergreen, carrying over from one app to the next! Diana Graber has long been a producer and marketer of media — including film, video, television, print, and live sports events. Together with her husband, she co-owns Graber Productions, an Emmy-award winning (8 times!) film and video production company.  In addition to producing the content for CyberWise, No Grownup Left Behind!, Diana is recognized as an expert in “digital literacy.” As Adjunct Faculty of the Media Psychology M.A. program at the Massachusetts School of Professional Psychology (MSPP), she taught “Media Psychology for the 21st Century.” She also developed and teaches a middle-school media literacy program called Cyber Civics™. A regular contributor to The Huffington Post and many other publications, she is tapped often by the media (TV/radio) to comment on tech topics. She has a B.A. in Communications Studies from UCLA, an M.A. in Media Psychology & Social Change from Fielding Graduate University/UCLA and was a finalist for the NAMLE Research Emerging Scholar Award for her paper,  New Media Literacy Education. Her Cyber Civics program was recognized as an "Innovation in Education" finalist by Project Tomorrow and the O.C. Tech Alliance. She serves on the boards of the Journey Foundation and Wheels4Life and resides with her husband and two “digital native” daughters in Capistrano Beach, CA. You can connect with Diana on LinkedIn    

It’s an episode of anniversaries!! Not only is the IBD Round Table turning ONE YEAR old, but The Crohn’s Colitis Effect is celebrating it’s 2nd birthday! Join myself, Sara Ringer of Inflamed and Untamed, and Sarah Choueiry of The Crohn’s Journey Foundation as we take a look back over the last year worth of discussion topics plus […] The post Episode 11 – Our ONE YEAR Anniversary appeared first on The Crohn's Colitis Effect.

Dr. Louis Chicoine Discusses the Effect of Plasmapheresis in Removal of AAV Antibodies for Gene Therapy :: November 2013 Guest: Louis Chicoine, MD, principal investigator in the Center for Gene Therapy, The Research Institute at Nationwide Children’s Hospital; assistant professor of Pediatrics at The Ohio State University College of Medicine. Access an abstract of this month’s featured research article: Plasmapheresis eliminates the negative impact of AAV antibodies on micro-dystrophin gene expression following vascular delivery. Molecular Therapy. 2013 Oct 23. [Epub ahead of print] Major contributors to the work described include the Jesse’s Journey Foundation, the Nationwide Children’s Hospital Foundation, the Muscular Dystrophy Association, a National Institutes of Health grant (U54 NS055958), and a Senator Paul D. Wellstone Muscular Dystrophy Cooperative Research Center grant (U54 HD066409).

Dr. Louis Chicoine Discusses the Effect of Plasmapheresis in Removal of AAV Antibodies for Gene Therapy :: November 2013 Guest: Louis Chicoine, MD, principal investigator in the Center for Gene Therapy, The Research Institute at Nationwide Children’s Hospital; assistant professor of Pediatrics at The Ohio State University College of Medicine. Access an abstract of this month’s featured research article: Plasmapheresis eliminates the negative impact of AAV antibodies on micro-dystrophin gene expression following vascular delivery. Molecular Therapy. 2013 Oct 23. [Epub ahead of print] Major contributors to the work described include the Jesse’s Journey Foundation, the Nationwide Children’s Hospital Foundation, the Muscular Dystrophy Association, a National Institutes of Health grant (U54 NS055958), and a Senator Paul D. Wellstone Muscular Dystrophy Cooperative Research Center grant (U54 HD066409).