Podcasts about The Motley Fool

Every few years, a investing theme comes about that momentarily captures the zeitgeist, but then fades into the background just as quickly. Anyone that has invested in nuclear stocks recently is the most recent in a long line of investing trends that get caught up in frantic enthusiasm that far surpasses the industry's progress. Jon, Matt, and Tyler share war stories of the hype cycles they got caught up in and how investors can avoid that fate. Plus, Lennar's earnings in a rate hike cycle and the mailbag. Have a question? Email us; podcasts@fool.com Tyler Crowe, Matt Frankel, and Jon Quast discuss: - Homebuilders in a rate hike cycle. - Are there housing stocks that aren't playing the waiting game? - Hype cycles vs. durable trends - What part of the cycle fits you best? - Mailbag: Pullback stock ideas. Companies discussed: LEN, FIGR, UPST, INVH, AMH, OKLO, PTON, FIVE, XYZ, MELI, AXON, BN Host: Tyler Crowe Guests: Jon Quast, Matt Frankel Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

We're likely to have two trillion dollar IPOs in the next year with Anthropic and OpenAI eyeing the market. And they'll join Meta, Google, SpaceX, and more in the AI race. But does anyone really have a durable advantage? We discuss that and where we see opportunities in AI. Travis Hoium, Lou Whiteman, and Matt Frankel discuss: - AI Moats - Fragile Competitive Advantage - Valuing AI Stocks - Metrics to Watch - Stock Opportunities Companies discussed: Meta Platforms (META), Alphabet (GOOG, GOOGL), SpaceX (SPCX), Modine Manufacturing (MOD), NVIDIA (NVDA), Microsoft (MSFT). Host: Travis Hoium Guests: Lou Whiteman, Matt Frankel Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The US government and governments all over the world have played some active role in the day to day decision making at businesses for years. What we haven't seen, though, is the US government take active equity stakes in businesses and so directly shape the capital allocation decisions. That has changed under the current administration and has profound impacts on how these business work. Matt, Lou, and Tyler break down the consequences of governments shaping business decisions as an equity investor. Plus, earnings from a Hidden Gems favorite and a listener question Have a question? Email us; podcasts@fool.com Tyler Crowe, Lou Whiteman, and Matt Frankel discuss: - Forgent Power solutions earnings and outlook - The administration's active role in business deals - Mailbag: How to deal with volatility Companies discussed: FPS, ELMT, MP, INTC, BA, EADSY Host: Tyler Crowe Guests: Lou Whiteman, Matt Frankel Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us Fan MailIn this Season 7 episode of ETF Battles, Ron DeLegge ‪@etfguide‬ referees an audience requested battle between GPIQ, QQQI, and TDAQ, pitting three covered call ETFs against each other in this triple header battle. Program judges Tony Dong, an independent ETF analyst, and David Dierking, CFA and ETF Contributor at the Motley Fool analyze this audience requested triple header.Each ETF is judged against the other in key categories like cost, exposure strategy, performance, yield and a mystery category. Find out who wins the battle!ETF Battles is sponsored by DirexionDirexion Defined Income Boost ETFsSingle-stock income strategies built for high potential distributions, paid twice a month.

The dominant story of the past week has been the wave of leaders in the AI space warning about the pace of frontier models and their fear of them getting “out of control”. While that may be true, there may be other reasons why they're all sounding the alarm at this precise moment. Travis, Rachel and Tyler take a look at some of the less said reasons why this appers to have hit a fever pitch and whether that changes how investors should view the upcoming Anthropic and OpenAI IPOs. Plus, an investing trend palette cleanser and how to view dividends. Have a question? Email us; podcasts@fool.com Tyler Crowe, Rachel Warren, and Travis Hoium discuss: - OpenAI, Anothropic, and more sound the AI alarm - A safety problem or a business fundamentals problem - Consumer discretionary stocks: Value or value trap? - AI accelerating drug discovery - Mailbag: How important are dividends? Companies discussed: GOOGL, AMZN, NVDA, AVGO, AMZN, MEDP, IQV, KRYS, MRNA, KNSA, DIS Host: Tyler Crowe Guests: Travis Hoium, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Investors pour over income statements and cash flow trends — but the person deciding what happens to those numbers next matters more, and it's the thing almost nobody knows how to evaluate. Motley Fool's Rachel Warren sits down with Reza Satchu, HBS senior lecturer and six-time company founder, to unpack why judgment — not intellect or data — is the scarcest asset in the age of AI, whether it can actually be taught, and the real story behind walking away from a billion-dollar buyout offer on his student housing company, only to sell it a year later for $1.7 billion.  Host: Rachel Warren  Guest: Reza Satchu  Producers: Dennis Golin, Lauren Budabin  Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

In celebration of National 401(k) Day (which was this past Thursday), Robert Brokamp covers three employer-sponsored plan features that often fly under the radar – partially because they can be complex, and partially because many plans don't offer them.In this episode, Robert discusses:-Advocating with your employer for more features and better investment choices-How a self-directed brokerage within can help both the stock and non-stock side of your portfolio-How to implement the mega backdoor Roth-How the rule of 55 (or 50) can allow some people to make withdrawals a few to several years before age 59 1/2 and avoid the 10% early distribution penalty.Have a question for our upcoming financial planning mailbag episode? Email it to podcasts@fool.com. Host: Robert Brokamp, CFP®, EAEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Meta unveiled the Muse app this week and it may be a turn in how consumers use AI. It's a personal assistant that can read your email, update your calendar, and do tasks in the background. But will consumers care? Plus, Apple unveiled the new Duo phone and consumers feel the pressure from higher prices. Travis Hoium, Lou Whiteman, and Jason Hall discuss:- Meta Muse- Consumer AI Adoption- Apple Duo- Time Machine- Inflation Data- Stocks On Our Radar Companies discussed: Meta Platforms (META), Apple (AAPL), Alphabet (GOOG, GOOGL), TJX Companies (TJX), Howmet Aerospace (HWM), Tesla (TSLA), Disney (DIS), Uber (UBER), Costco (COST). Host: Travis HoiumGuests: Lou Whiteman, Jason HallEngineer: Bart Shannon Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Meta has fallen behind the other frontier labs recently, but that may have changed on Wednesday when the company introduced the Muse app. Muse will do everything from answer emails to update your calendar and even shop for you all with the context of your personal data. We answer if this is a game-changer or another incremental change. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: - Meta Muse- Meta's Data Problem- Consumer AI- Adoption Timelines- AlphaGenome- AI in Health Companies discussed: Meta Platforms (META), Alphabet (GOOG, GOOGL), Shopify (SHOP). Host: Travis HoiumGuests: Lou Whiteman, Rachel WarrenEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

While Apple has continued to be a great business, it's been a minute since the company issued a new product that made us go “wow”. With new CEO John Ternus coming from the hardware side of the business, it comes as little surprise that one of the first things it announced was a major change to the iPhone, the iPhone Duo. Matt, Jon, and Tyler break down how this launch could impact the bottom line and whether this is a sign of what Apple will look like under Ternus. Plus, Chewy & Casey's General Store earnings and what makes a good acquirer. Have a question? Email us; podcasts@fool.com Tyler Crowe, Jon Quast, and MAtt Frankel discuss:- Chewy's earnings- Casey's General Store earnings- Apple's new iPhone Duo- New CEO, new Focus?- Mailbag: is acquisition a good strategy? Companies discussed: CHWY, CASY, APPL, AJG Host: Tyler CroweGuests: Jon Quast, Matt FrankelEngineer: Dennis Golin Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The Storm Skiing Journal and Podcast is a reader-supported publication. The only way to interact with the podcast is to upgrade to The Storm's paid tier. Thank you for supporting independent ski journalism.Welcome to the Storm's short-form, news-focused podcast. Don't worry, I will still write newsletters too (I blasted out this post on Smuggs joining Indy Pass this morning). To browse a podcast transcript, click the “transcript” button above - click on any block of text and the audio will jump to that point in the conversation. Paid subscribers can leave a comment in the article below, or by joining The Storm's chat (also below). I'll respond to some comments in the next episode. The Zoom transcript (click “transcript” above for the Substack transcript, which will zoom to any point in the video when you click on the associated text block; timestamps below DO NOT MATCH THE VIDEO)00:01:40.000 --> 00:01:56.000Stuart Winchester: Welcome to Storm. It is September 9th, 2026 on a Wednesday. I've got a really great show for you today. We are going to visit with Loon President and General Manager, Brian Norton, who has been on the show before.00:01:56.000 --> 00:02:04.000Stuart Winchester: But we are going to have him on to talk about the Blackridge expansion that Loon announced last week.00:02:04.000 --> 00:02:10.000Stuart Winchester: There's actually a couple of expansion items in the news today, and I want to hit on those first before we get to Brian.00:02:10.000 --> 00:02:27.000Stuart Winchester: Altera today confirmed a couple of things we already knew in their 2026 to 27 capital plan. So unlike Vale who tends to release all their lifts and expansions and projects at once, Vale or Altera lets them leak out.00:02:27.000 --> 00:02:41.000Stuart Winchester: and then officially announces them sometime later. So, we had a pretty good idea these were coming. The first one will be up at Mont Tremblant, and Tremblant is…00:02:41.000 --> 00:02:44.000Stuart Winchester: If you've been there, it's…00:02:44.000 --> 00:02:55.000Stuart Winchester: an IntraWest legacy, so it has one of these really nice walkable villages of the sort that I'm always pushing for, and it has really great ski terrain. Busiest… it's…00:02:55.000 --> 00:03:11.000Stuart Winchester: Traditionally, Intrawest had the three busiest ski areas in Canada. They had, uh, Whistler was number one, obviously. Number two was Tremblant, and number three, surprisingly, was Blue Mountain, Ontario, which we covered on in the podcast.00:03:11.000 --> 00:03:14.000Stuart Winchester: Pretty recently, but I want to…00:03:14.000 --> 00:03:19.000Stuart Winchester: show you something here. So this is why it's cool to watch, because you can see…00:03:19.000 --> 00:03:31.000Stuart Winchester: some of these things on YouTube or Substack if you're watching the podcast. So this is Tremblant's timber expansion that they're gonna open for 27 to 28. They're gonna have a new.00:03:31.000 --> 00:03:46.000Stuart Winchester: quad, high-speed quad, coming up to the Timber Summit with 8 new trails over here. Uh, and that's gonna be… let's see, they gave an acreage on that, 62 acres. So sometimes it's hard when you see these things, especially if you don't know the mountain.00:03:46.000 --> 00:03:57.000Stuart Winchester: to really know where it fits in. So this one, here's from the top, you can see the new trails, the timber trails, coming down here off of the new.00:03:57.000 --> 00:04:09.000Stuart Winchester: high-speed quad that'll come out of the Versant-Soleil base. And then here is the existing, if you're watching, here's the existing lift that comes up to the current Tremblant Summit.00:04:09.000 --> 00:04:19.000Stuart Winchester: And you can see that right here. So the new expansion will go bloop right up here, and we'll have some new trails over there. And then Altera also announced.00:04:19.000 --> 00:04:32.000Stuart Winchester: or not really announced, but reconfirmed, that will be when the Club Med is open, so that all-inclusive experience will be there for Tremblant. So, nice expansion coming for Tremblant. Obviously.00:04:32.000 --> 00:04:42.000Stuart Winchester: Altera has had a big expansion ongoing at Deer Valley for years and years. So, Deer Valley, prior to 2023.00:04:42.000 --> 00:04:46.000Stuart Winchester: was really just Bald Mountain.00:04:46.000 --> 00:05:02.000Stuart Winchester: On over to Empire. Uh, and then here's the front side, and then this little baldy peak was here. But over the past three seasons, they've really blown the place out and added thousands and thousands of acres. Uh, Deer Valley, believe it or not, is now the…00:05:02.000 --> 00:05:18.000Stuart Winchester: Sixth largest ski area in America. And, and they're opening 200 more acres this year. Hale Peak will be another high speed quad. I don't have a vertical on Hale Peak, but they did confirm today that Hale Peak will be.00:05:18.000 --> 00:05:29.000Stuart Winchester: 200 acres, so Deer Valley will now total 4,500 acres. It looks, it sounds pretty big, but right next door to it is Park City, which.00:05:29.000 --> 00:05:45.000Stuart Winchester: Combined with the historic canyons is 7,300 acres. That's the largest ski area in the United States. So those are a couple of the expansions that we have coming up. We'll talk about another one in a little bit with Loon. And the reason I wanna talk about expansions with you.00:05:45.000 --> 00:05:47.000Stuart Winchester: Is… is I… I…00:05:48.000 --> 00:05:58.000Stuart Winchester: I write about this over and over again, but sometimes when I write an article, it fritters off into the wilderness, and I'm not able to…00:05:58.000 --> 00:06:12.000Stuart Winchester: it doesn't have the staying power necessarily where people might find it sometime later. So I want to revisit some of these points that I made in the past about expansions and how important they are. So I wrote this article a few years ago.00:06:12.000 --> 00:06:14.000Stuart Winchester: And…00:06:16.000 --> 00:06:18.000Stuart Winchester: I was looking at…00:06:18.000 --> 00:06:34.000Stuart Winchester: So everyone always gets hung up on this active ski ski areas number. And the NSA has tracked this for years and years. And here's the numbers you can see on the screen if you're watching in 1991 to 92 season.00:06:34.000 --> 00:06:46.000Stuart Winchester: The United States had 546 active ski areas. As of 2023 to 24, it had 486. The number for this season was right around 490.00:06:46.000 --> 00:06:49.000Stuart Winchester: So, oftentimes.00:06:49.000 --> 00:07:04.000Stuart Winchester: We will see articles usually written by folks who are not ski media, just general media, and they'll write about this number and they'll find this statistic and they'll point to the declining number of ski areas and say, skiing is dying. Climate change is killing skiing.00:07:05.000 --> 00:07:17.000Stuart Winchester: But there's actually a much more nuanced story behind that. So I pulled this number last year when I was reading an article from The Motley Fool, which is an investor site that I use. I love The Motley Fool.00:07:18.000 --> 00:07:24.000Stuart Winchester: But it was talking about MTN stock, which a lot of you know is the stock ticker for Vail Resorts.00:07:24.000 --> 00:07:33.000Stuart Winchester: And the Motley Fool article pointed out that in 1992, and this was their bear case, their case against buying MTN stock.00:07:33.000 --> 00:07:44.000Stuart Winchester: During… I'm gonna quote here, the Motley Fool. During the 1992 ski season, there were 546 ski areas operating in the United States, compared to 486 today. This article's from 2025.00:07:44.000 --> 00:07:57.000Stuart Winchester: Supply, says the fool, is flat to shrinking. On the demand side, 3 of the top 5 busiest ski seasons on record occurred each of the last 3 years. Demand is up. So, they were trying to make the point that.00:07:58.000 --> 00:08:07.000Stuart Winchester: Vail Resorts had a very valuable commodity, because the number of ski areas was shrinking. I said, wait a second, this doesn't really make sense, because…00:08:08.000 --> 00:08:11.000Stuart Winchester: How are you having so many fewer?00:08:11.000 --> 00:08:25.000Stuart Winchester: ski areas, and so many more skier visits? Well, the answer is pretty simple. We have a lot more ski terrain. In fact, I did an analysis in response to that Fool article.00:08:25.000 --> 00:08:27.000Stuart Winchester: And I found, just examining…00:08:27.000 --> 00:08:30.000Stuart Winchester: The 11 western ski states.00:08:30.000 --> 00:08:40.000Stuart Winchester: that, minus Alaska, that those 11 states had 54,598 more acres of terrain.00:08:40.000 --> 00:08:50.000Stuart Winchester: available at their ski areas, their lift service ski areas, than they had in 1994. So, yes, there are fewer ski areas.00:08:50.000 --> 00:09:00.000Stuart Winchester: now than there were in the early 90s. There were 546 in 92, 486 today, but there's a lot more terrain, and so what ended up happening was.00:09:00.000 --> 00:09:08.000Stuart Winchester: The ski areas that were successful expanded. It was as simple as that. And when I did this analysis.00:09:08.000 --> 00:09:10.000Stuart Winchester: I looked at…00:09:11.000 --> 00:09:24.000Stuart Winchester: I looked at 92 ski areas that I had the data for from 1992, and they happen to be some of the biggest ski areas in the West. And I compared their acreage in 1994 according to a guidebook I had from that date that I'd kept.00:09:24.000 --> 00:09:30.000Stuart Winchester: 107,671 acres was the total for these ski areas.00:09:30.000 --> 00:09:45.000Stuart Winchester: Fast forward to 2025, when I did this analysis, those same 92 ski areas had grown from 107,671 acres to 159,754 acres.00:09:45.000 --> 00:09:55.000Stuart Winchester: Then I added in a few ski areas that had opened since then, places like Tamarack in Idaho, Blacktail in Montana. There hasn't been a lot, but there's been a few.00:09:55.000 --> 00:10:11.000Stuart Winchester: And then I subtracted the lost ski areas. The biggest of them was Ski Rio in New Mexico. But for the most part, the ski areas that closed were small surface tow operations and they were in the region of a much larger area and most likely failed in large part.00:10:11.000 --> 00:10:29.000Stuart Winchester: Because they couldn't compete with that full service area, which could offer folks not only beginner terrain, but a progression up to more interesting terrain. So, there's a lot more ski terrain than there used to be, and to give you an idea of how much terrain 54,598 acres is.00:10:29.000 --> 00:10:36.000Stuart Winchester: Currently in Colorado, the whole state of Colorado, which has a quarter of the ski terrain in the entire United States.00:10:36.000 --> 00:10:42.000Stuart Winchester: there's 45,552 acres of terrain. So we've added the equivalent of another Colorado.00:10:42.000 --> 00:10:45.000Stuart Winchester: Now, there's a caveat to that.00:10:45.000 --> 00:10:48.000Stuart Winchester: The ski industry has been able to grow by expansion.00:10:48.000 --> 00:10:58.000Stuart Winchester: But it hasn't necessarily been able to grow where it needs to grow, and I made another point, a related point, in another recent article that I wrote.00:10:58.000 --> 00:11:11.000Stuart Winchester: for… about the U.S. Forest Service, and how most of the ski areas in the western United States are built on U.S. Forest Service land. They're leased from the U.S. Forest Service under 40-year terms.00:11:11.000 --> 00:11:18.000Stuart Winchester: However, following the National Environmental Policy Act of 1969, those permits.00:11:18.000 --> 00:11:33.000Stuart Winchester: got almost impossible to obtain new permits. The Forest Service had lots and lots of ski areas proposed, but they were all shut down. Everyone except for Beaver Creek and then Blacktail in 1998 were shut down with.00:11:33.000 --> 00:11:51.000Stuart Winchester: court challenges that came out of NEPA in 1969. So, while we have more terrain, skiable terrain, than we had in 1994, the reason it often feels as though the mountains are overcrowded and insufficiently distributed.00:11:51.000 --> 00:11:57.000Stuart Winchester: is because they are. Because we've only been able to expand the ski areas where they were.00:11:57.000 --> 00:12:10.000Stuart Winchester: rather than building new ski areas where people move to. Look at snowy regions like Washington and Oregon, some of the snowiest ski areas in the country. A lot of them still don't have snowmaking because they get so much snow there.00:12:10.000 --> 00:12:22.000Stuart Winchester: Washington in 1980 had 4.1 million people. Today it has 8.2 million people, double the population, but fewer ski areas and some larger.00:12:22.000 --> 00:12:37.000Stuart Winchester: Stevens Pass has certainly grown, Crystal has grown, Mission Ridge has grown. Oregon, same thing, went from 2.6 million people in 1980 to 4.3 million today, but has fewer ski areas now than it did in the 1980s. So…00:12:37.000 --> 00:12:48.000Stuart Winchester: For better or worse, we are stuck right now with growth through expansion. So, I want to get to an expansion. First, I want to tell you about one of my awesome partners.00:12:48.000 --> 00:13:00.000Stuart Winchester: I've been working with Bonfire Collective for a long time, and if you run a ski area or an outdoor brand, you should consider hooking up with them as well.00:13:00.000 --> 00:13:10.000Stuart Winchester: Bonfire Collective is a fractional marketing team that collaborates with ski areas and outdoor brands to give your marketing a fresh perspective and better storytelling.00:13:10.000 --> 00:13:16.000Stuart Winchester: Bonfire can help you rethink your approach in ways that can turbocharge your business.00:13:16.000 --> 00:13:31.000Stuart Winchester: Bonfire Collective, for example, took on the marketing at one New Hampshire sea area and doubled revenue in just three years. And when the storm was ready to invest in its first ever digital marketing campaign last year, I worked with Bonfire to make it happen.00:13:31.000 --> 00:13:36.000Stuart Winchester: I could not be happier with the results. I think you will love working with them too.00:13:36.000 --> 00:13:40.000Stuart Winchester: To get started, you will want to talk to Eric over at Bonfire Collective.00:13:40.000 --> 00:13:56.000Stuart Winchester: Eric was a co-founder of Bluebird Backcountry Colorado, the first human powered ski area. He knows the ski business, as many of you know from that episode of the Storm Skiing Podcast that he appeared on last year. Visit bonfirecollective.com or I will be happy.00:13:56.000 --> 00:14:03.000Stuart Winchester: to make that connection for you. Alright, with that, let's go to our guest for today.00:14:05.000 --> 00:14:08.000Stuart Winchester: And…00:14:09.000 --> 00:14:15.000Stuart Winchester: Here he is, Mr. Brian Norton. Brian, what an awesome background! Where are you at?00:14:15.000 --> 00:14:19.000brian norton: Uh, I'm in my office, but that's hanging outside my office, so…00:14:18.000 --> 00:14:24.000Stuart Winchester: Oh, okay, cool, I thought maybe you were in the, uh, the kink barn with the, uh…00:14:24.000 --> 00:14:27.000Stuart Winchester: With that, with the cool groomer behind you.00:14:28.000 --> 00:14:44.000Stuart Winchester: All right, well, let me give you a proper introduction here. Uh, my guest today is president and general manager of Loon Mountain, New Hampshire since 2022. Loon claims New Hampshire's tallest vertical drop at 2,190 feet.00:14:44.000 --> 00:14:58.000Stuart Winchester: served by 13 lifts. Last week, Loon announced the 272-acre Black Ridge expansion that, when added to the resort's existing 403-acre footprint.00:14:58.000 --> 00:15:08.000Stuart Winchester: will make Lune the largest ski area in New Hampshire, and the sixth largest ski area in the eastern United States at 675 acres.00:15:08.000 --> 00:15:23.000Stuart Winchester: He began his Loon career in 2001 as a Lyft attendant, and now he's running the place. He is Brian Norton. Brian, welcome back to the storm. Always good to see what's new at Loon, because there is always something new at Loon. How you doing today, Brian?00:15:23.000 --> 00:15:29.000brian norton: I'm doing awesome. It's sweatshirt weather right now, so we're getting closer.00:15:29.000 --> 00:15:33.000Stuart Winchester: Nice. Did you do a snowmaking test yet, or is that Sunday River's ter.00:15:32.000 --> 00:15:38.000brian norton: No, we have not done that yet. Sunday will probably beat us to that one.00:15:37.000 --> 00:15:54.000Stuart Winchester: All right, let's talk about Black Ridge. This is really an amazing project, and I've been pretty vocal and frank over the years about what I saw as Loon's biggest shortcoming, which was not enough real expert terrain, and by that I really meant glades, wild terrain.00:15:54.000 --> 00:15:58.000Stuart Winchester: Talk to us about Black Ridge, what it is, and how it's going to change Loon.00:15:59.000 --> 00:16:14.000brian norton: Yeah, I mean, it's a pivotal project for the ski resort. As you mentioned, it's almost doubling the size of the ski resort. For those not familiar with it, it's this kind of secret shoulder glade skiing. It's been there.00:16:14.000 --> 00:16:30.000brian norton: It was developed over time by some locals just kind of going out there, you know, maybe not necessarily following the rules, certainly not at our approval, but people have been skiing there. I mean, I think the first time I went skiing over there, I was in college, like 2001, and it was like you had to kind of find your way over there. You had to commit to it.00:16:27.000 --> 00:16:28.000Stuart Winchester: Okay.00:16:31.000 --> 00:16:42.000brian norton: beautiful, um, beautiful area. It's like a big catcher's mitt off the side of the ski resort that just holds snow really well, and there's a lot of, um, it's a mile and a quarter.00:16:42.000 --> 00:16:51.000brian norton: hike, uh, across a ridgeline. You can actually ski or skate most of it. There's a few sections where you have to, you know, unclick and walk and…00:16:51.000 --> 00:17:09.000brian norton: um, you just get this incredible glade scheme that brings you right back to the bottom of North Peak, so it's like this full circle, you're way the heck out there, there's a couple viewpoints where you can stand at this cliff and just look back at the ski resort and look into the town of Lincoln, you're like, whoa, I am way out there, but a completely different view than, you know, most people would.00:17:09.000 --> 00:17:23.000brian norton: would ever get to see from Loon. And so, yeah, we've been working on it for a couple years with the Forest Service, trying to, like, wrap that into our special use permit. And, um, yeah, super happy to have that announcement, kind of. Like I said, planning.00:17:23.000 --> 00:17:28.000brian norton: For a long time, but awesome to have that hit the newsstands the other day.00:17:27.000 --> 00:17:34.000Stuart Winchester: So help us understand Loon's Forest Service footprint. This is a conversation I'm accustomed to having with.00:17:34.000 --> 00:17:53.000Stuart Winchester: your partners who run western ski areas. There's very few, just 7 in New England, that touch Forest Service land. My understanding is that Loon is not entirely on Forest Service land. I believe it's Kissing Cousins Lift. You're riding up, and you see a sign, welcome to the White Mountains National Forest. So, where are those boundaries at?00:17:53.000 --> 00:17:55.000Stuart Winchester: at Loon.00:17:54.000 --> 00:18:05.000brian norton: Yeah, it's really just the bottom. I mean, like, pretty much if you can hit a golf ball there, you're on private land from a base area, hit it up, and then everything above there is forest service land, so…00:17:59.000 --> 00:18:00.000Stuart Winchester: Okay.00:18:01.000 --> 00:18:02.000Stuart Winchester: Yeah.00:18:04.000 --> 00:18:05.000Stuart Winchester: Okay.00:18:05.000 --> 00:18:09.000brian norton: Yeah, it's the top 95% of the skewers work.00:18:05.000 --> 00:18:07.000Stuart Winchester: So how?00:18:08.000 --> 00:18:16.000Stuart Winchester: Right, so Loon went through quite a process as I remember it back in the 90s to open up South Peak and there was…00:18:16.000 --> 00:18:22.000Stuart Winchester: a lot of resistance to that locally, and ultimately, you got it opened.00:18:23.000 --> 00:18:25.000Stuart Winchester: was…00:18:25.000 --> 00:18:30.000Stuart Winchester: if you look at Black Ridge, it's… there's no new lift, right? It's essentially…00:18:30.000 --> 00:18:35.000Stuart Winchester: Glade thinning. So, so I want to talk about the process for that in a minute, but.00:18:36.000 --> 00:18:45.000Stuart Winchester: What was the process like of working with the Forest Service? Did they seem much more amenable and does the local community seem much more amenable?00:18:45.000 --> 00:18:54.000Stuart Winchester: to this given the small actual environmental impact? And was that a consideration in deciding how to develop this terrain?00:18:54.000 --> 00:19:10.000brian norton: I mean, it was definitely a consideration for us as we think about, you know, growing the ski resort sustainably. I think the, you know, and our partnership with the Forest Service is a really great one. I hear, you know, different stories from around the industry or around the country.00:19:10.000 --> 00:19:26.000brian norton: I just can't speak highly enough of our team here and the relationship that we have with them. And, the fact that this was kind of already skiing, the fact that it was super low impact, we weren't ever going to put a lift or a lodge or some sort of, you know, driving snow cats over there. We're not even doing any of that.00:19:26.000 --> 00:19:31.000brian norton: really, so it was a small lift, I think, to bring this kind of.00:19:31.000 --> 00:19:43.000brian norton: thing that people were skiing into the permit boundary, which really, you know, there's some work to clean it up and to create slightly better access, mostly for our patrol team to react out there.00:19:43.000 --> 00:19:44.000Stuart Winchester: Mm-hmm.00:19:43.000 --> 00:19:46.000brian norton: But this is, um…00:19:46.000 --> 00:19:48.000brian norton: It's a small lift to bring our…00:19:48.000 --> 00:19:52.000brian norton: Services, so that we can go, you know, in the past.00:19:52.000 --> 00:19:56.000brian norton: Someone would get hurt, someone would get lost ‘cause they thought they knew where they were going.00:19:56.000 --> 00:19:57.000Stuart Winchester: Yep.00:19:56.000 --> 00:20:14.000brian norton: technically, we're supposed to call fish and game, and they're supposed to go rescue them. A lot of times, we helped with that. So, by bringing this into the permit boundary, we're allowed to help manage it. So, um, this is really a win-win for everyone. It's a win-win for the skiers, it's a win-win for the Forest Service, because now we can actually manage something that wasn'.00:20:01.000 --> 00:20:02.000Stuart Winchester: Okay.00:20:14.000 --> 00:20:16.000brian norton: That's a great opportunity for us.00:20:16.000 --> 00:20:28.000Stuart Winchester: Yeah, it's going to be tremendous terrain. You know, another big difference between working in the East and the West is sometimes if you want to open 500 acres of glades in the West, you just drop a rope.00:20:28.000 --> 00:20:39.000Stuart Winchester: Uh, in the east, there tends to be a lot of undergrowth. Now, I don't know if that's the case at Loon, because maybe you have some old growth there, where the canopy is, is, has, you know, shut out some of that little stuff.00:20:39.000 --> 00:20:45.000Stuart Winchester: 200 and what is it, 267 acres? That's a lot of acres to clear.00:20:45.000 --> 00:20:55.000Stuart Winchester: What does it look like in there, and what is the… what is the labor lift gonna be like to glade that out and make it so that you don't need 4 feet of snow to ski it?00:20:56.000 --> 00:21:08.000brian norton: Um, we'll talk about snow in a minute, but in terms of glading, you get across the ridgeline, and you get to this… it's not the high point, like, the actual peak of the mountain, but the high point of the ridgeline.00:21:08.000 --> 00:21:23.000brian norton: And you kind of drop in there, and then it just funnels out both directions. And from that point, it's all hardwoods. And it's just… it's really open. You can kind of ski wherever you want. Now, we're gonna manage it slightly better, so there's better waypoint finding, you know, kind of…00:21:23.000 --> 00:21:42.000brian norton: more organized corridors. There's a river, uh, a stream valley that is between what I would call, you know, Black Ridge proper and, like, the North Peak Glades and Walking Boss, um, that you don't want to end up in, so that's kind of the part of the land that, you know, we're going to try to manage away from, and.00:21:42.000 --> 00:21:43.000Stuart Winchester: Mmhm.00:21:42.000 --> 00:21:53.000brian norton: kind of cut that, you know, the extent of it, kind of clear those glades a little more, so that it's obvious, like, no, no, no, I want to go this way, or I want to go that way, so you all come back out to the… to.00:21:48.000 --> 00:21:50.000Stuart Winchester: Mmhm.00:21:53.000 --> 00:21:57.000brian norton: But it's not a heavy lift to cut a lot out there.00:21:53.000 --> 00:21:54.000Stuart Winchester: So I.00:21:57.000 --> 00:22:13.000Stuart Winchester: So as far as snow goes, you mentioned a, a little catcher's mitt and along North Peak, and there are some terrific glades in lower New England. Stratton, I think has really, really excellent glades. Magic Mountain has some excellent glades. They're in a little bit different.00:22:13.000 --> 00:22:33.000Stuart Winchester: snow pocket, obviously, than you are, but also farther south. So, so talk to us, you know, Loon averages 160 inches of snow per year, but I don't know where you measure that, and I know that snow stays on different parts of the mountain in different ways, right? Because you can ski in New Hampshire in June on natural snow at Mount Washington and Tucks.00:22:33.000 --> 00:22:34.000Stuart Winchester: But…00:22:34.000 --> 00:22:39.000Stuart Winchester: That's not the case in most places. So, so talk to us about.00:22:39.000 --> 00:22:48.000Stuart Winchester: the snow in that area, and how often you think you'll realistically be able to offer that glade skiing experience in Black Ridge.00:22:48.000 --> 00:23:06.000brian norton: Yeah, I mean, I think it's gonna be… it's definitely a different experience, so we're gonna have different, um, opening protocols when that part of the mountain will open versus your traditional glade skiing, so it's gonna be a little more raw, a little more rugged, we're gonna be a little more free with opening it. Um, we're working through those kind of details with our patrol team right now.00:23:07.000 --> 00:23:23.000brian norton: Um, in terms of holding snow, predominant northeast wind here, everything cuts across the ski resort as you're looking at it, right to left, and guess what's far left? This, right? So, um, I'll tell you a funny story. We were walking over there with the Forest Service this.00:23:23.000 --> 00:23:25.000brian norton: Spring, and we're walking along the ridgeline.00:23:25.000 --> 00:23:38.000brian norton: And we're contemplating, like, how we get snowmobile access out there for our patrol team to, you know, manage this terrain in a reasonable amount of time to, like, respond to an incident. And we get to these two big boulders.00:23:38.000 --> 00:23:47.000brian norton: like, oh man, how are we gonna get a snowmobile through here? Like, it's… we can't get a machine all the way out here to move these boulders, what are we gonna do? And then it, like.00:23:47.000 --> 00:24:06.000brian norton: I don't remember seeing these boulders in the winter. That means there's 4 feet of snow here on this ridgeline, so it's like… it just… it's not the same as the rest of the ski resort when you think about, like, how that pocket holds snow and takes all the wind-deposited snow from the whole area and just stacks up in there, so it was a bit… it was eye-opening for us to be like.00:23:51.000 --> 00:23:54.000Stuart Winchester: Wow.00:23:57.000 --> 00:23:59.000Stuart Winchester: Right.00:24:06.000 --> 00:24:11.000brian norton: Wait a minute, we don't see these in the winter, and they're 4-foot boulders, so.00:24:11.000 --> 00:24:28.000Stuart Winchester: Oh, man, you're really making me want to get back in there. You know, I did not mention in the intro that Loon is owned by Boyne Resorts, one of the 11 ski areas in the Boyne family. And Boyne has done just a tremendous amount of work over the past decade, putting in new lifts and doing expansions.00:24:28.000 --> 00:24:30.000Stuart Winchester: In fact, I think…00:24:30.000 --> 00:24:42.000Stuart Winchester: the last 5 expansions in New England were all Boyne Mountains. It was Brackett Basin, Burnt Mountain, it was, uh, Merrill Hill at Sunday River, it was the little one you did at Loon the other… the other, uh, couple years ago, and… and.00:24:42.000 --> 00:24:54.000Stuart Winchester: Black Ridge, you know, the one that this most echoes for Sugarloaf fans, and Sugarloaf is far, far, far, far north, but it's worth going to, is… is they opened that several hundred acre.00:24:54.000 --> 00:25:04.000Stuart Winchester: terrain expansion of Brackett Basin back in 2011. They expanded it with Burnt Ridge a few years later, and it's all natural bladed. How much…00:25:04.000 --> 00:25:06.000Stuart Winchester: Did you…00:25:06.000 --> 00:25:21.000Stuart Winchester: did Loon and the team at Loon use Bracket Basin as an inspiration, either… either to see as, like, a proof of concept this'll work, or… or just to imagine a… a different way of, uh… of expanding the resort without necessarily having to spend.00:25:21.000 --> 00:25:28.000Stuart Winchester: you know, $20 million on a new lift. Just talk about it, if there's any relationship there, or, you know, learning how to manage it, etc.00:25:29.000 --> 00:25:51.000brian norton: A lot for me personally, and for the team here. I mean, I'm not the the people that have been out there developing that glade skiing probably aren't necessarily thinking about bracket basin, but 100%. That was the equivalent. That was, you know, I've referred to it through this whole planning process as our version of bracket basin. We've been in communication with the team up there about how they manage it, what their entrance looks like all of those things. So.00:25:30.000 --> 00:25:31.000Stuart Winchester: Yeah.00:25:51.000 --> 00:25:54.000brian norton: Yeah, it's our version of that, 100%.00:25:54.000 --> 00:26:12.000Stuart Winchester: And just from a liability point of view, it's funny, because I grew up in Michigan, and I've been skiing the Boyne Mountains there since the 90s, and I remember you weren't allowed in the trees, and that was a big no-no. So now here you have, fast forward 30 years, and they're developing these enormous glade skiing pockets, and obviously Jay Peak was a leader.00:26:12.000 --> 00:26:17.000Stuart Winchester: our early leader in that, in New England. But what has Boyne learned, do you think.00:26:17.000 --> 00:26:25.000Stuart Winchester: by operating Brackett Basin for the last 15 years, about liability and skiers' abilities to self-manage in terrain like that.00:26:25.000 --> 00:26:36.000brian norton: Yeah, I mean, Sugarloaf, they're Sugarloafers, right? So they're a slightly different clientele than we have here, so I'm sure we'll learn different things. I think the big thing is, you know.00:26:28.000 --> 00:26:30.000Stuart Winchester: Yeah.00:26:36.000 --> 00:26:50.000brian norton: clear messaging, and… and with this project, it's… it's very different. I said it earlier, it's different than the rest of the Glades here, so, um, you gotta know what you're doing, and it's gonna be messaged that way, but it's gonna be managed that way, too, and…00:26:50.000 --> 00:27:06.000brian norton: it's gonna pull people around the resort and move people around to places that, you know, it's a bit of a destination now. Camp 3 in North Peak was already a destination, and now you've got another, you know, 300 acres or so just past there that's serviced by the same portal, so…00:27:06.000 --> 00:27:15.000brian norton: yeah, I think our patrol team's gonna have a little bit of work cut out for them, but frankly, the guys and girls that work for our team that are gonna end up over there, like.00:27:15.000 --> 00:27:18.000brian norton: They… they're looking forward to that, so…00:27:18.000 --> 00:27:22.000Stuart Winchester: Alright, well, let's talk about access a little bit. I'll tell you…00:27:22.000 --> 00:27:39.000Stuart Winchester: That, or the listeners at least, people who haven't been there. So you access this expansion through the North Peak lift. It's a high speed quad built in 2004, 1500 vertical foot, 4,800 foot long. But the view off the top is an absolute showstopper. It's one of the best.00:27:39.000 --> 00:27:49.000Stuart Winchester: in New England. I just love it. Uh, my question for you, Brian, is Flight Path 2030, your… your Loon 2030 plan, essentially 10-year plan, published around 2020.00:27:49.000 --> 00:27:55.000Stuart Winchester: did consider an upgrade for the North Peak lift. Now, it's obviously not a very old lift.00:27:55.000 --> 00:28:10.000Stuart Winchester: But I would imagine that there may be some volume considerations as you look to expand the terrain available off this lift. So, A, am I right in seeing that you will be able to fully lap Black Ridge?00:28:10.000 --> 00:28:17.000Stuart Winchester: on the North Peak lift? And B, do you have thoughts on what might be next for North Peak lift?00:28:17.000 --> 00:28:26.000brian norton: Um, yes, you access it from the top of that lift. The entrance is 150 feet from the top of that lift, maybe, off of Whatcom House.00:28:24.000 --> 00:28:26.000Stuart Winchester: Yeah, thank you.00:28:26.000 --> 00:28:45.000brian norton: the primary exit is slightly lower in elevation than North Peak. You come out onto Brookway Extension there, so if you really wanted to lap it, you'd probably unclick and go down there. More often than not, I think what people will do is they'll ski down Brookway, go up Seven Brothers and a gondola, and get back over there if they want to do it again.00:28:30.000 --> 00:28:32.000Stuart Winchester: Okay.00:28:46.000 --> 00:29:06.000brian norton: So, yeah, I mean, access is pretty strong. In terms of replacing North Peak, yes, that lift is on our planning process. It's probably equivalent to South Peak on any given day, or Lincoln Express, I should say. On any given day, I flip-flop which one's more important. You know, we did the Timbertown expansion, and we thought, oh, these people are over here.00:29:02.000 --> 00:29:03.000Stuart Winchester: Okay.00:29:06.000 --> 00:29:22.000brian norton: maybe we should be focused on this lift, and now we're doing this thing over here, or maybe we should be focused on North Peak, and, um, I'll tell you that the RFID data that we, you know, 3, 4 years ago, we put RFID gates at North Peak, remote up mountain, you can't get to it without passing another gate, and everyone was kind of looking at us, like.00:29:17.000 --> 00:29:19.000Stuart Winchester: Mmhm.00:29:22.000 --> 00:29:29.000brian norton: What are you doing that for? Data collection, 100%. The things we've learned about how people use that terrain have…00:29:25.000 --> 00:29:26.000Stuart Winchester: Right.00:29:29.000 --> 00:29:40.000brian norton: driven our snowmaking philosophy, our investment philosophy. Uh, it's… it's last winter that Lyft opened on day one and closed on day 151, I think it was, so it was open every day of the season, so…00:29:40.000 --> 00:29:45.000brian norton: Maybe today, if you're asking me, that one gets done before Lincoln Express.00:29:44.000 --> 00:29:48.000Stuart Winchester: And are you thinking a six-pack? One of those nice D-lines?00:29:47.000 --> 00:29:51.000brian norton: Yeah, I'm sure that's what it would be at a minimum, yeah.00:29:49.000 --> 00:29:51.000Stuart Winchester: Okay.00:29:51.000 --> 00:29:56.000Stuart Winchester: Okay, do you like the bubbles, like the one you have at CANC and up at Sunday River?00:29:55.000 --> 00:30:17.000brian norton: The bubbles are awesome for all the reasons they're awesome, but there are some hidden challenges with them as well, particularly when they come into the terminal. They're aerodynamic when the chairs are on the line, but when they come into the terminal, if the wind's blowing the wrong way and the bubbles opening and the wind wants to shut it or vice versa.00:29:58.000 --> 00:29:59.000Stuart Winchester: Yeah.00:30:17.000 --> 00:30:26.000brian norton: Uh, there's a little give and take there. I… we'd probably end up with bubbles, I think, but, um, yeah, there are… it's not all… it's not all easy with them.00:30:22.000 --> 00:30:24.000Stuart Winchester: That's that.00:30:25.000 --> 00:30:34.000Stuart Winchester: It's Boyne style, right? I was surprised, actually, when I got out to Brighton, and the, uh… their new Sixer, their D-Line out there does not have bubbles. I was like, oh, this.00:30:27.000 --> 00:30:28.000brian norton: Yep.00:30:33.000 --> 00:30:42.000brian norton: Or footrests, or footrests, which is the only one that I think doesn't have footrests, and as a snowboarder, I appreciated that when I rode that.00:30:34.000 --> 00:30:36.000Stuart Winchester: Yeah.00:30:40.000 --> 00:30:52.000Stuart Winchester: Right, right, right. Yeah, well, the Utah guys don't want to bring the bar down anyway so So, you know, I always think of this expansions like this first, Brian, as a skier.00:30:52.000 --> 00:31:10.000Stuart Winchester: Unless as a customer or as someone, you know, doing a business, I'm really curious. Loon has already historically been the busiest skier in New Hampshire and the pub, the skier visits aren't public anymore. But I would imagine that's still the case. It is busy, busy, busy all the time. It is the idea here.00:31:10.000 --> 00:31:18.000Stuart Winchester: Is it to bring in more skiers, or is it to create more variety at a mountain that…00:31:18.000 --> 00:31:28.000Stuart Winchester: I really think has traditionally had the reputation as a good intermediates family mountain. To maybe start to nudge that a little bit more toward a…00:31:28.000 --> 00:31:40.000Stuart Winchester: uh, more of a Killington profile, where there's… where there's more than one kind of skier? Like, the whole family can have fun there. So is it… is it more skiers, or more terrain for the same amount of skiers to spread them out better?00:31:41.000 --> 00:31:46.000brian norton: Um, both, and I'll clarify more skiers, because, um.00:31:47.000 --> 00:31:58.000brian norton: as the ski resort develops, and as the town develops, we inch closer to destination ski resort instead of day ski resort. I think we're still a day ski resort, but we're working our way towards destination.00:31:54.000 --> 00:31:55.000Stuart Winchester: Mmhm.00:31:58.000 --> 00:32:18.000brian norton: Um, and as you become a destination, your skier visits spread equally over the 7-day week, right? We're heavily skewed to weekends right now. We're not talking about more skiers on the weekends. We're already managing tickets and limiting sales to keep guest experience where we want it. I think we can have more visits mid-week, or early season, late season.00:32:18.000 --> 00:32:33.000brian norton: this will certainly help with that, but on your peak Saturday in January, like, no, we don't… we're… we're not having more skiers here. We're… we're happy with where we're at. Um, in terms of terrain, yeah, I mean, you and I talked about it, I think, the last time we were together talking about glade skiing here.00:32:33.000 --> 00:32:40.000brian norton: We need more of it. Variety of terrain, um, is important, and this is a huge step in the right direction.00:32:39.000 --> 00:32:48.000Stuart Winchester: So I think in New England, when you talk about more skiers, more capacity, reflectively, we think parking, but you have this interesting project going on.00:32:48.000 --> 00:33:05.000Stuart Winchester: Where a pulse gondola is set to leave from near the new Timbertown quad that you put in 2023, go over the river, uh, and land, not exactly in the town of Lincoln, but to service some resorts there. Uh, I thought that project was gonna open.00:33:05.000 --> 00:33:15.000Stuart Winchester: This winter, it doesn't look like that's gonna happen. Tell us about that Pulse Gondola, Brian, what you hope to achieve with it, and kind of where you're at with approvals and permits.00:33:16.000 --> 00:33:33.000brian norton: Um, yeah, me too. I was hoping it was gonna open this winter, too. Um, yeah, we've said with that project all along that we're not really in a rush, and we want to do it right. More importantly, we want to get buy-in from all the current stakeholders, and that's where the project, um, lives. It's a really unique thing where.00:33:34.000 --> 00:33:48.000brian norton: you've got three different parties that are involved, two different completely owned land, uh, landowners, plus Loon being the easement and holders on some of that land, and, um, just working with the town currently and trying to.00:33:48.000 --> 00:34:08.000brian norton: none of us have been through this. I can't think of another example where you've got so many different entities trying to get one project approval. I actually have a planning board meeting tonight, and we're on the docket. So if you're if you're not doing anything at 6 o'clock tonight, feel free to join the zoom. Yeah. So we're we're still working on that. We've gotten essentially approval on one side. And now we're working on the loon side.00:33:56.000 --> 00:33:57.000Stuart Winchester: Okay.00:34:08.000 --> 00:34:23.000brian norton: our hope is that that project still comes through in the next year. It's unique in the sense that it doesn't need to happen, like, for day one of ski season. It can be built during the ski season, because it's not replacing something, it's a true add to the ski resort, so…00:34:21.000 --> 00:34:22.000Stuart Winchester: Right.00:34:23.000 --> 00:34:38.000brian norton: the Daubmeyer team that would do the lift is kind of excited that, you know, they have a project that they can work on out of cycle, keep their team busy year-round, have the electricians there when they'd otherwise, you know, not be doing anything, because the crew's still standing steel somewhere else, that kind of thing.00:34:38.000 --> 00:34:39.000Stuart Winchester: Yeah, okay.00:34:39.000 --> 00:34:44.000Stuart Winchester: Yeah, Boyne's had a lot of success doing those sorts of lifts at Big Sky, and it's amazing what.00:34:44.000 --> 00:34:59.000Stuart Winchester: Even if it's a low capacity, low use lift, like the one and only gondola or the lift that connects to the montage out there in Big Sky, it really gives the skiers a lot of freedom. And I think it really would make a big difference in being able to connect to the town. So let's talk about a lift.00:34:59.000 --> 00:35:01.000Stuart Winchester: That would not be easy.00:35:01.000 --> 00:35:18.000Stuart Winchester: Let's talk about that. Uh, the four passenger gondola you have, I believe it's the last four passenger Gandhi left in the east. It is a monster. This is a 1738 vertical foot lift, 6970.00:35:18.000 --> 00:35:30.000Stuart Winchester: foot long, uh, and recently Loon filed an application with the Forest Service to replace it, so tell us, Brian, what you want to do with the White Mountain Gondola.00:35:30.000 --> 00:35:32.000brian norton: Yeah, so, um…00:35:32.000 --> 00:35:44.000brian norton: a really cool old lift. You probably know better than me, but one of the oldest detachables in New England. It's one of the highest utilized lifts in Boyne's network.00:35:44.000 --> 00:36:00.000brian norton: around this 10-plus months out of the year, you know, between winter and summer. Uh, two years ago, I got a text message from our lift mechanic showing me the hour meeting that was 8675309. Um, it's nearing… it's nearing 100,000 hours now, so yeah, it's due for replacement.00:36:00.000 --> 00:36:10.000brian norton: Um, we filed some paperwork with the Forest Service to get in the queue. We're still working out the details of that project, that's why we haven't really addressed it publicly.00:36:10.000 --> 00:36:23.000brian norton: Try to figure out how it fits, where it goes. It will be a D-line Omega 10, you know, 10-person cabins. Boeing style, as you like to say, you know, we're gonna do it right. It's a pivotal lift for us.00:36:19.000 --> 00:36:20.000Stuart Winchester: Yeah, okay.00:36:23.000 --> 00:36:29.000brian norton: the main base area that opens first and closes last, and, um, yeah, we want to make sure we do it right. So, we will.00:36:29.000 --> 00:36:48.000Stuart Winchester: One detail I thought was really cool in the permit, Brian, was, and obviously I'm not holding you to this, the permit is, you know, the application is the application, but this notion of moving the load terminal, it gets set 100 feet or 80 feet up the hill, away from the Octagon Lodge, I imagine that opens all kinds of possibilities for you.00:36:48.000 --> 00:36:52.000Stuart Winchester: Talk about what you have in mind there and how that would change just the whole flow of Loon.00:36:52.000 --> 00:37:02.000brian norton: Yeah, the problem is that the current lift is inside of a building, and the new one, you know, without tearing the building down, is not going to go inside of the same building, so…00:36:56.000 --> 00:36:57.000Stuart Winchester: Yeah, thank you.00:37:01.000 --> 00:37:03.000Stuart Winchester: Right.00:37:02.000 --> 00:37:21.000brian norton: how do we handle that? And, you know, I'd say there's a couple options on the table. Some of them is, you know, partially modifying that building, putting the lift against it, and or the polar opposite of that is just pushing it into the hillside as far as you can, and, um, you know, using the building for something else, which we have some cool ideas for.00:37:21.000 --> 00:37:36.000brian norton: Um, this lift is gonna need parking. That's a big space constraint that we don't necessarily have. I mean, those cabins aren't small, and you're talking, you know, another Kank 8 size. Probably not that big, but close to Kank 8 size, you know, parking structure to park all the cabins in, and.00:37:36.000 --> 00:37:42.000brian norton: Is parking at the top? Is parking at the bottom? You know, how do we, uh… how does our… if we put it…00:37:42.000 --> 00:37:57.000brian norton: upslope, not in the building, how does our food and beverage team that uses that as their main, you know, mover up the mountain, get food and everything else up, how do they get their food to the Summit Cafe now in the winter? And so, there's a lot of challenges with that, and that's why we haven't, you know.00:37:57.000 --> 00:38:13.000brian norton: really detailed the project, because we're… I mean, just this morning, I was walking out there, driving stakes in the ground, like, trying to visualize, okay, if we did this, how would it work? How would that work? So, yeah, ongoing, um, super exciting project, and I can't wait till we have that nailed down, and we can really start.00:38:13.000 --> 00:38:15.000brian norton: Showing people what we're doing.00:38:14.000 --> 00:38:20.000Stuart Winchester: Yeah, that would be huge, and maybe quiet at the Peanut Gallery, because I know a big storyline.00:38:20.000 --> 00:38:31.000Stuart Winchester: when the cant gate went in was, why'd they do that before the gondola? And I know there's a lot of reasons for that, but… and I love the cant gate, but I'm sure you heard those same narratives. You know.00:38:32.000 --> 00:38:40.000Stuart Winchester: Out with the old, I guess. Quick note, Brian, the little sister, a 1966 Hall double.00:38:40.000 --> 00:38:57.000Stuart Winchester: has taken its last ride. I just made this connection prepping for this podcast. That's actually an original lift from Loon's opening, right? So tell us about Little Sister. It was a small lift, a hall lift, but you took it out this summer. Why was it time to retire Little Sister?00:38:57.000 --> 00:39:01.000Stuart Winchester: And what are you doing with the lift, the chairs, the pieces, the parts?00:39:01.000 --> 00:39:07.000brian norton: Yeah, so, um, Old Lyft, um, couple things. One…00:39:07.000 --> 00:39:10.000brian norton: When we installed Seven Brothers.00:39:10.000 --> 00:39:21.000brian norton: the skiers really stopped using that lift, because… sorry, when we upgraded Seven Brothers Triple to the Seven Brothers Quad, which was the old Kank Quad and got rebuilt.00:39:13.000 --> 00:39:14.000Stuart Winchester: Mmhm.00:39:20.000 --> 00:39:21.000Stuart Winchester: Mmhm.00:39:21.000 --> 00:39:37.000brian norton: the lap time off Seven Brothers was just as quick as Little Sister, but you got more vertical, and we had more uphill PPH. So, um, no one was really using it for skiing. We maintained it for tubing for a while, we got out of the tubing business.00:39:37.000 --> 00:39:56.000brian norton: Um, we'll maybe be back in the tubing business in the future, but not in that location. So, um, at the same time, it needed some maintenance work. Our friends at Cypress, one of the other Boyne properties, um, needed some spare parts to one of their lifts. We had them in the drive here at Little Sister, so…00:39:56.000 --> 00:40:13.000brian norton: Um, plus, in a base area that's crammed for space, when that thing eventually, you know, physically moves away, it'll be additional space, it'll open up skiing possibilities, it'll open up more space for our seasonal programs that are in that base area, or that part of the base area over there. Uh, in terms of what we're doing with the lift.00:40:13.000 --> 00:40:30.000brian norton: Um, towers are still standing right now, the terminals are still standing, we'll hopefully get that down next summer. The chairs were all auctioned off recently, we sold a few to employees, like myself, I bought one, I'll have that hanging on my porch at my house.00:40:26.000 --> 00:40:27.000Stuart Winchester: Nice.00:40:30.000 --> 00:40:44.000brian norton: Um, the rest of… I think we sold… there was 20, or there was 31 chairs… 30 or 31 chairs, and um, we sold some to employees. We're keeping 5 for spare parts, maybe future auction-type stuff. The rest of them…00:40:44.000 --> 00:40:50.000brian norton: were auctioned off to the public, and they're benefiting two incredible local charities, one, the Pemi Valley.00:40:51.000 --> 00:41:07.000brian norton: Uh, Upper Pemi Valley Historical Society, um, who's, you know, I saw some really cool historic stuff, check out their Instagram feed, there's some cool stuff about the Riverwalk Gondola, and then they just put a couple posts. Um, and then, uh, Lincoln Friends Iraq, which, you know, one of our purposes is making sure.00:40:57.000 --> 00:40:59.000Stuart Winchester: Yeah. Okay.00:41:07.000 --> 00:41:15.000brian norton: That we're connected to the community and doing everything we can for the youth of the community, and so that's what we're doing with the money, and we're proud to say that.00:41:15.000 --> 00:41:30.000Stuart Winchester: So don't go looking for Little Sister Lift this year. It is gone. That leaves you with one haul lift, a 1968 East Basin. I didn't see a map for that gondola proposal. Brian, is part of that proposal removing that East Basin haul lift?00:41:18.000 --> 00:41:20.000brian norton: And it's gone.00:41:31.000 --> 00:41:39.000brian norton: I started at East Basin and as long as I'm here, East Basin will, you know, I shouldn't say that. And maybe it'll go away, but it's not going away as part of.00:41:33.000 --> 00:41:34.000Stuart Winchester: Okay.00:41:34.000 --> 00:41:37.000Stuart Winchester: Okay, I love it.00:41:39.000 --> 00:41:55.000Stuart Winchester: Love that. All right, Brian, hey, I really appreciate you joining us today on the New Look Pod. You're my second guest ever, and I really want to make this timely, so the fact that we could talk about this new expansion at Loon is awesome, and I hope I can be up there on opening day.00:41:55.000 --> 00:41:57.000Stuart Winchester: And I hope that's next winter.00:41:57.000 --> 00:42:00.000brian norton: Yeah, and I hope to get out there on Black Ridge with you.00:42:00.000 --> 00:42:04.000Stuart Winchester: Yeah, yeah, definitely. Well, good luck at your planning board meeting tonight, Brian. Talk to you.00:42:04.000 --> 00:42:05.000brian norton: All right. Thanks, Stuart.00:42:04.000 --> 00:42:06.000Stuart Winchester: Thanks so much. Bye.00:42:05.000 --> 00:42:06.000brian norton: Bye.00:42:08.000 --> 00:42:10.000Stuart Winchester: All right, so…00:42:11.000 --> 00:42:17.000Stuart Winchester: That is Brian Norton, President and General Manager of Loon Mountain.00:42:17.000 --> 00:42:25.000Stuart Winchester: Before we move on to the closing segment, I want to tell you about my friends at Profile Search International.00:42:25.000 --> 00:42:31.000Stuart Winchester: A lot of you come to this podcast to hear from the best minds in skiing, guys like Brian Norton.00:42:31.000 --> 00:42:41.000Stuart Winchester: Managing mountains that are making big moves like Loon. But, what if you want to find one of these great leaders for your own mountain team? Brian is pretty happily employed.00:42:41.000 --> 00:42:46.000Stuart Winchester: I'd like to introduce you to the folks at Profile Search International.00:42:46.000 --> 00:42:59.000Stuart Winchester: Profile Search are ski industry talent acquisition experts, and they are the only executive search and recruitment firm in the world that is 100% focused on the ski industry.00:42:59.000 --> 00:43:05.000Stuart Winchester: ProfileSearch has used their intimate understanding of skiing and related industries.00:43:05.000 --> 00:43:14.000Stuart Winchester: and of available candidates worldwide to place hundreds of transformational leaders at the best and most progressive ski areas over the past 30 years.00:43:14.000 --> 00:43:21.000Stuart Winchester: With offices in the US and Canada, they find and negotiate with the right leaders for your team.00:43:21.000 --> 00:43:33.000Stuart Winchester: You can reach out to Profile Search directly at profilesearch.com, or contact them by email or phone, or send me a note, and I will connect you directly with this expert team.00:43:33.000 --> 00:43:40.000Stuart Winchester: Alright, I'm really looking forward to this next segment. As promised, I am going to use this segment.00:43:40.000 --> 00:43:52.000Stuart Winchester: to read reaction to the previous podcast. I'm not at a point where I can do the podcast live, maybe someday, but right now, we are…00:43:52.000 --> 00:44:08.000Stuart Winchester: Read and react the next day. So, uh, the way that you can interact with the podcast is to make a comment on the article that accompanies this podcast on stormskeeting.com. Only paid subscribers can do that.00:44:08.000 --> 00:44:23.000Stuart Winchester: You can upgrade to the paid tier of the storm, which is the very best way to support the product@stormskiing.com. That will get you 100% of the content below the paywall, and it will also allow you to interact with the podcast, but.00:44:23.000 --> 00:44:31.000Stuart Winchester: everyone can listen to the podcast. The podcast has always been for everyone, and my intent is to keep it that way. So…00:44:31.000 --> 00:44:40.000Stuart Winchester: Some reaction to yesterday, and a lot of this is just reacting to… So yesterday, as a reminder, Joe Hessian came on, talked about…00:44:40.000 --> 00:44:43.000Stuart Winchester: The Snow Pass, uh, talked about…00:44:43.000 --> 00:44:51.000Stuart Winchester: Indy Pass and Snow Pass, both claiming Snow King and the confusion around that.00:44:51.000 --> 00:45:00.000Stuart Winchester: Uh, and I talked a little bit about, just in general, uh, the Indy Pass and the fact that smugglers not to join. So…00:45:00.000 --> 00:45:14.000Stuart Winchester: Reading the comments from top to bottom. And again, these are all paid subscribers, so thank you very much, and a lot of these folks I have been in dialogue with for years, so they're not necessarily new to me, but perhaps new to the community.00:45:14.000 --> 00:45:17.000Stuart Winchester: Starting with Peter Schlachtes.00:45:17.000 --> 00:45:21.000Stuart Winchester: So, just under an hour, in the short format?00:45:21.000 --> 00:45:27.000Stuart Winchester: I liked it. I had heard the backstory on Hessian and didn't need to hear it again.00:45:27.000 --> 00:45:30.000Stuart Winchester: It focused on the compelling stuff.00:45:30.000 --> 00:45:44.000Stuart Winchester: But remember that your growing audience, I hope, consists over time of more and more people who won't have heard or remember that context and texture and won't necessarily seek it out on an old podcast that features your speaker.00:45:44.000 --> 00:45:59.000Stuart Winchester: By the way, though, you really must make a point of steering people to relevant past podcasts that provide the backstory on guests and mountains you cover in the new format. Mention it, flash it on the screen, put it in a subtext, and leave it there, because people won't know they're interested in learning more until…00:45:59.000 --> 00:46:00.000Stuart Winchester: They are.00:46:00.000 --> 00:46:08.000Stuart Winchester: Yes, Peter, I appreciate the short comment, and short has never been my…00:46:08.000 --> 00:46:25.000Stuart Winchester: Strength. So expect some experimentation. Uh, expect me to play around with this a little bit. Expect some episodes to be longer than others. I truly will try to get some bite size episodes out there, but I, I find that the podcasts that I listen to that are news focused are usually right around an hour and.00:46:25.000 --> 00:46:34.000Stuart Winchester: And I don't run out of steam with that, as long as what they're talking about is interesting to me. As far as your point about linking to past podcasts, look.00:46:35.000 --> 00:46:38.000Stuart Winchester: One of the reasons that…00:46:38.000 --> 00:46:42.000Stuart Winchester: I had to move to a different podcast format.00:46:42.000 --> 00:46:43.000Stuart Winchester: Was that…00:46:43.000 --> 00:47:03.000Stuart Winchester: the old podcast was becoming too laborious, and part of the reason was I was too concerned with building a big story around it, and making sure that everything I mentioned had some context that a reader could go back to. And what that… and it was great, and a lot of people appreciated that, and again, I'll still do some long-form product…00:47:03.000 --> 00:47:17.000Stuart Winchester: Podcasts and I'm still doing plenty of writing, but it actually gummed things up to the point where I was just not making as many podcasts as I should be. So my goal here with the new short format podcast, keep it light, keep it moving.00:47:18.000 --> 00:47:33.000Stuart Winchester: The trend is toward search, right? So with all the AI tools and everything available, it's pretty easy to find my old podcast. I do have a master list that I linked to from the homepage, uh, and, and.00:47:33.000 --> 00:47:38.000Stuart Winchester: As much as I agree with you, it would be nice, I think that most people…00:47:38.000 --> 00:47:50.000Stuart Winchester: will just Google Joe Hessian Storm Skiing Podcast, and it will pop right up. But, we'll see how it evolves. Next comment from Mimi Ma, another long-time paid subscriber. Shout out to Mimi.00:47:50.000 --> 00:47:57.000Stuart Winchester: Like the format, especially good that I can skim read if needed, and then jump to the sections of interest. Keep up the good work. I want to make that point.00:47:57.000 --> 00:48:09.000Stuart Winchester: there is a transcript for every single episode. You can click on the transcript, and when you're reading it, you click to any section, and it will go to that section of the podcast, if you're on Substack.00:48:09.000 --> 00:48:22.000Stuart Winchester: If you're on YouTube, you won't have that capability, so you can always check out the video version on Substack. Again, if you're listening via audio on Apple or Spotify or something, you also won't have that. So, go to stormskiing.com to get that capability.00:48:22.000 --> 00:48:36.000Stuart Winchester: Comment from Robert. Quote, I think Joe's comment about Eric self-describing himself as the, quote, anti-collaborator, and I'm curious to hear what his, Eric's, answer is.00:48:36.000 --> 00:48:39.000Stuart Winchester: To what is apparently a self-reference.00:48:39.000 --> 00:48:58.000Stuart Winchester: I don't see how you can't be anti collaborative and run a ski area, not to mention operating what is effectively a business to business service business and to Benny and the need to work with all their customers. What's the business justification for not wanting to collaborate outside the sphere he controls?00:48:58.000 --> 00:49:14.000Stuart Winchester: The ski Cooper thing was a bit different in many ways. Here we're talking about two third party systems meant to drive skier visits, and at least at the moment, given the portfolios, I think it is a relatively small percentage of skiers that are most likely choosing between the snow pass and Indy.00:49:14.000 --> 00:49:27.000Stuart Winchester: Most of them, I would assume, are likely NYC Metro-based. Good stuff on the new format. Looking forward to its evolution. Look, Joe was referencing a conversation that he had with Eric. It wasn't…00:49:27.000 --> 00:49:39.000Stuart Winchester: a publicly available conversation, so this is why I'm going to get Eric on the podcast tomorrow, to give his reaction to it. I… you know, Eric, from my point of view.00:49:39.000 --> 00:49:55.000Stuart Winchester: Look at the explosive growth of IndiePass under his tenure, right? He's, he purchased the pass, I believe in 2023, and, and I believe the number of partners, and I can double check this, uh, has more than tripled since Eric took it over, and he's really done a phenomenal job.00:49:56.000 --> 00:50:08.000Stuart Winchester: transforming Black Mountain and 10x-ing revenue at a ski area, which is simply unheard of in the ski business, and making it to Benny, which is a platform that people use.00:50:08.000 --> 00:50:19.000Stuart Winchester: As with any person doing a lot of things, Eric sometimes runs into controversies, but that's what this podcast.00:50:19.000 --> 00:50:34.000Stuart Winchester: Is here for is to give folks an opportunity to air their sides of the stories. Uh, I have a lot of respect for Joe and for Eric, and I think they're both doing really cool things in the ski industry. So, so we'll, we'll see. We'll see what Eric's.00:50:34.000 --> 00:50:51.000Stuart Winchester: answer is to that. From Scott Abraham, another long-time reader, I presume your hair is still standing out from being present at the Hail Mary. Quack, he's a Ducks fan. Alright, Scott, I'm gonna move right past that one. Eric Morris, great new format. You've written great stuff on walkable ski areas. How did you develop those thoughts?00:50:51.000 --> 00:51:00.000Stuart Winchester: Are you aware of strong towns? Are you aware of the Congress of New Urbanism? Eric, thank you. Yes, that is a running theme.00:51:00.000 --> 00:51:03.000Stuart Winchester: We threw out the storm.00:51:03.000 --> 00:51:19.000Stuart Winchester: I'll say this. There's a reason I live in New York City, and it's not because I think it's the greatest place in the world. It's because I value living in a walkable community. I value a pedestrian environment. I like that I don't need to get in my car.00:51:19.000 --> 00:51:26.000Stuart Winchester: Every time I need to go to the grocery store to get a box of pancakes. And New York City offers a really.00:51:26.000 --> 00:51:30.000Stuart Winchester: Great environment for that sort of lifestyle.00:51:30.000 --> 00:51:32.000Stuart Winchester: Uh, and when you travel around Europe.00:51:32.000 --> 00:51:45.000Stuart Winchester: those sorts of communities are everywhere, including in the ski towns. And our ski areas, being developed post-World War II, were mostly developed as most of America was at the time, which is around the automobile.00:51:45.000 --> 00:51:47.000Stuart Winchester: And…00:51:47.000 --> 00:51:49.000Stuart Winchester: I don't think that…00:51:49.000 --> 00:52:04.000Stuart Winchester: Car-centric mountain towns are necessarily the best way to evolve our towns into the future. So I think there's a rethinking in order. And yes, I am familiar with the schools of new urbanism and read frequently.00:52:04.000 --> 00:52:09.000Stuart Winchester: I'm not claiming these are ideas I'm coming up with mysel

In this episode, Jason and Jeff welcome back The Motley Fool co-founder David Gardner to discuss his book, Rule Breaker Investing, and the origins of his market-beating philosophy. The trio unpacks why seemingly overvalued stocks often generate the biggest returns, how AI is impacting established platforms like Booking Holdings, and whether mega-caps like Nvidia and Netflix have graduated from "Rule Breakers" to "Rule Makers". Plus, Jason and Jeff expand their ongoing stock-picking contest by pitching new additions to their portfolios.  00:43 Final Stock Market Book 02:53 How Rule Breaker Began 05:32 Yahoo Lesson on Valuation 08:36 Rule Breakers vs Goliaths 09:59 Values and Stock Picking 15:16 Overvalued Can Be a Signal 21:24 Market Outlook and Optimism 27:51 Sponsor Break and Tools 29:39 AI Selloff and Long View 34:24 Bubbles and Staying Invested 39:18 Rule Breakers Framework 39:43 Nvidia Still Breaking Rules 44:34 AI To Robotics Next 44:43 Netflix Rule Maker Era 47:44 Giving Appreciated Stock 49:45 Booking Versus AI Threat 51:09 Platforms Network Effects 56:36 Smattering Six Results 01:01:56 Power Law And Snap Test 01:07:48 Conscious Capitalism Closing Companies mentioned: ABNB, AMZN, AX, BKNG, CPNG, NFLX, NVDA, PCOR, PTON, QXO, RKLB, SBUX, SHOP, TBBB, TJX, TMDX, TSLA, WRBY Find where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com ***************************************** To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted ***************************************** Join our Patreon Subscribe to our portfolio on Savvy Trader. Use code Unscripted2026 for 30% off a one-year subscription! Learn more about your ad choices. Visit megaphone.fm/adchoices

After decades of spinoffs and separations of various parts, GE Aerospace is now trending toward integration. Its $11.75 billion acquisition of Consolidation Precision Products is taking what business schools have been teaching for years (specialization, capital light) and flipping it on its head. Lou, Travis, and Tyler dissect the GE aerospace deal, how it impacts the aerospace & defense indsutry, and whether we're on the precipice of integration. Plus, cybersecurity threats and reverse stock splits. Have a question? Email us; podcasts@fool.com Tyler Crowe, Lou Whiteman, and Travis Hoium discuss: - GE Aerospace acquires Consolidated Precision Prodcuts - The winners and losers of the deal - Boston Scientific's cybersecurity hack fallout - Will cybersecurity make these industries less appealing to investors? - Mailbag: when is a reverse stock split good? Companies discussed: GE, HWM, BA, HONA, RTX, BSX, NVO, CRWD, IBM, BKNG Host: Tyler Crowe Guests: Travis Hoium, Lou Whiteman Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

A completely mailbag episode. In the first segment, Jon, Matt, and Rachel take a question regarding return on invested capital (ROIC), and how this metric plays into investment decisions. In the second segment, a listener asks about bottlenecks in the power generation space and how companies such as Emphase and Bloom could benefit. And in the final segment, the team answers a question about how trillion-dollar IPOs can send ripple effects through the market. Jon Quast, Matt Frankel, and Rachel Warren discuss: -Why return on invested capital (ROIC) is important -Things to look for when companies are investing profits -What needs to go right for Enphase Energy -Bloom Energy's potential moat -How trillion-dollars IPOs could create market ripples Companies discussed: Coca-Cola (KO), WM (WM), S&P Global (SPGI), Enphase Energy (ENPH), Bloom Energy (BE), Vertiv (VRT), Eaton (ETN), Schneider Electric (SBGSY), Space Exploration Technologies (SPCX), Rocket Lab (RKLB), Alphabet (GOOG)(GOOGL), Amazon (AMZN) Host: Jon Quast Guests: Matt Frankel, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

If there's one person who knows about both the financial and non-financial ingredients to a happy retirement, it's Wes Moss. Wes is a Certified Financial Planner, the chief investment strategist at Capital Investment Advisors, the host of the Retire Sooner podcast, and the author of five books, including “The Retire Sooner Method: The Five Secrets Behind America's Happiest (and Unhappiest) Retirees.”In Part 2 of their conversation, host Robert Brokamp spoke with Wes about:-The importance of “core pursuits” (aka, “hobbies on steroids”) and adventure-The “friendship recession” and how to build a community in retirement-The value of SWAN (sleep well at night) money-Turning your portfolio into a paycheck via multi-asset class income investing Host: Robert Brokamp, CFP®, EAGuest: Wes Moss, CFP®Engineer: Kristi Waterworth Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

If there's one person who knows about both the financial and non-financial ingredients to a happy retirement, it's Wes Moss. Wes is a Certified Financial Planner, the chief investment strategist at Capital Investment Advisors, the host of the Retire Sooner podcast, and the author of five books, including “The Retire Sooner Method: The Five Secrets Behind America's Happiest (and Unhappiest) Retirees.”In Part 1 of their conversation, host Robert Brokamp spoke with Wes about:-His decade-plus quest to find the most important characteristics of happy retirees-What his updated research says about the investable net worth and income of happy retirees-Why even wealthy retirees fear running out of money, and how to relieve that anxiety-The relationship between retirement happiness and carrying a mortgageTune in tomorrow for Part 2! Host: Robert Brokamp, CFP®, EAGuest: Wes Moss, CFP®Engineer: Kristi Waterworth Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Tesla held a robotaxi event this week but didn't invite media or investors. Even Elon Musk sat the event out. What does that say about the future of autonomous vehicles? Plus, we discuss GPT-6, Adobe's new CEO, and the health of consumer spending. Travis Hoium, Lou Whiteman, and Jon Quast discuss: - Tesla's “Event” - GPT-6 - Adobe's New CEO - 10-Year Predictions - Retail's Health - Radar Stocks Companies discussed: Reddit (RDDT), CECO (CECO), Tesla (TSLA), Alphabet (GOOG), NVIDIA (NVDA), Apple (AAPL), Shopify (SHOP), Walmart (WMT), Amazon (AMZN), Meta Platforms (META), Adobe (ADBE), Dick's Sporting Goods (DKS), On Holding (ONON), Lululemon (LULU). Host: Travis Hoium Guests: Lou Whiteman, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Description: Snowflake stock is surging towards all-time highs after reporting its latest quarterly earnings, and on today's show, Jon, Matt, and Lou break down what's going right for the company in contrast to past years. They also point out some concerns to monitor for Snowflake. The crew then turns the conversation on the data center slowdown before ending the episode with a listener question regarding an asymmetric upside stock that's down big since buying a position.Jon Quast, Matt Frankel, and Lou Whiteman discuss:-Snowflake's hot quarter-Some things to watch with Snowflake for now-Increasing opposition to the data center buildout-Whether the current slowdown continues and what it means for top data center stocks-Mailbag: My stock is down. Should I buy more?Companies discussed: Snowflake (SNOW), Marvell (MRVL), Celestica (CLS), Sterling Infrastructure (STRL)Host: Jon QuastGuests: Matt Frankel, Lou WhitemanEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Amazon and Meta Platforms are facing increased scrutiny from regulators and states and that's not only affecting their stock price, it could affect their business long-term. We discuss whether FTC probes and settlements are a big deal long-term. We end by laying out what John Ternus needs to do to get off on the right foot at Apple. Travis Hoium, Lou Whiteman, and Matt Frankel discuss: - Amazon vs FTC- Future of Amazon Retail- Meta's Settlement- Is Meta Becoming Bit Tobacco?- John Ternus' First Day- How Apple Can succeed Companies discussed: Amazon (AMZN), Apple (AAPL), Meta (META). Host: Travis HoiumGuests: Lou Whiteman, and Matt FrankelEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Hugging Face is pushing forward open-source large-language models, which potentially keep closed AI models from becoming too powerful. Now Hugging Face is pushing open-source robotic software with its latest consumer device, and Nvidia is reportedly looking to acquire Hugging Face at a $13 billion valuation. Jon, Matt, and Rachel discuss the future of robotics as well as tackle two listener questions regarding what can make and break an investment thesis. Jon Quast, Matt Frankel, and Rachel Warren discuss: -Nvidia's potential acquisition of Hugging Face-Hugging Face's new robot: Microduck-What is an investment thesis?-Things that break an investment thesis-Things that make an investment thesis Companies discussed: Nvidia (NVDA), Tesla (TSLA), Nextdoor (NXDR), Zscaler (ZS), Realty Income (O) Host: Jon QuastGuests: Matt Frankel, Rachel WarrenEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Wall Street treats demand like a line on a chart. Rob Snyder says that's exactly why investors keep getting burned. Motley Fool analyst Rachel Warren talks with Rob Snyder — Harvard Innovation Labs fellow, serial startup founder, and author of The Power of Pull — about why customers almost never buy things because they were convinced to, what that means for how you evaluate a publicly traded company's growth story, and how the AI boom is exposing which software businesses have genuine demand and which ones are papering it over with an ever-growing sales and marketing budget. He also shares the one financial metric he trusts above all others — and the surprisingly mundane AI use cases he's most excited about. Host: Rachel Warren Guest: Rob Snyder Producers: Kristi Waterworth, Lauren Budabin Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

n this next installment of our 2026 Financial Planning Challenge, host Robert Brokamp is joined by fellow Fool Stephanie Marini to discuss the most unpleasant area of financial planning: estate planning. But it's necessary, because while it's nearly impossible to predict the future when it comes to most aspects of personal finance, there's one thing we can guarantee: You and everyone you know will one day pass away – leaving assets and stuff behind to be divvied up. Topics covered:-While it's important to seek the counsel of an attorney in your state, you can do a lot of estate planning on your own by updating beneficiary, payable on death, and transfer on death designations on your accounts and insurance policies-What should be included in your will-When to consider a trust-Creating your “financial vault” – the document that will let your loved ones know what to do and where to find everything when you're no longer able to manage your finances (temporarily or eternally) Host: Robert Brokamp, CFP®, EAGuest: Stephanie Marini, CFP®, CRPC®Engineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Nvidia's Jensen Huang stunned investors with a bold prediction for AI capex spending, and Marvell's blowout earnings seem to back him up. Plus, CrowdStrike's "Mythos moment" is reshaping the cybersecurity landscape, separating the AI-security winners from the laggards. Jon, Jason, and Matt also talk about turnarounds in light of Dick's Sporting Goods suffering its worst single-day drop before finishing up with stocks on our radar. Jon Quast, Jason Hall, and Matt Frankel discuss: - Nvidia's prediction for AI capex spend - Marvell's accelerating growth - CrowdStrike's “Mythos moment” tailwind - Winners and losers in AI cybersecurity - Dick's worst day ever - As always, stocks on our radar Companies discussed: Nvidia (NVDA), Marvell (MRVL), CrowdStrike (CRWD), SentinelOne (S), Okta (OKTA), PayPal (PYPL), AppLovin (APP), Sterling Infrastructure (STRL), Dick's Sporting Goods (DKS), Atlanta Braves Holdings (BATRA), Forget Power Solutions (FPS) Host: Jon Quast Guests: Jason Hall, Matt Frankel Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

With a company as large and as meticulously covered as NVIDIA, you would think there wouldn't be anything that surprises us anymore. So much for that thesis. NVIDIA's most recent earnings and guidance blew past everyone's expectations and setup another stellar year for anything AI related. Jon, Matt, and Tyler dissect NVIDIA's most recent earnings as well as the “hidden” winners and losers from the most recent earnings results. Plus, Crowdstrike's earnings and a mailbag question about local vs. cloud AI. Have a question? Email us; podcasts@fool.com Tyler Crowe, Matt Frankel, and Jon Quast discuss: - NVIDIA's earnings and guidance update - The winners and losers from NVIDIA's earnings - Crowdstrike's earnings - Is Crowdstrike's stock a buy? - Mailbag: Is local AI a hyperscaler problem? Companies discussed: NVDA, HP, DELL, CRDO, ONTO, IESC, GRMN, RBRK, ZS, SPCX, Host: Tyler Crowe Guests: Jon Quast, Matt Frankel Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Meta Platforms has been the subject of several lawsuits. By some estimates, the potential fines for these lawsuits were as high as the market cap of the entire company. Today, the company settled several of these high-profile lawsuits for $18 billion and for several changes to its social media apps. Lou, Rachel, and Tyler dig into the details of the settlement and how it will impact Meta. Plus, Intuit's earnings and the listener mailbag. Have a question? Email us; podcasts@fool.com Tyler Crowe, Rachel Warren, and Lou Whiteman discuss: - Meta's $18 billion settlement - Was this a “best case scenario” for Meta? - Intuit's earnings: SasSpocalyse or corporate complacency? - Mailbag: Will Uber's European fines impact its future? Companies discussed: META, GOOGL, INTU, UBER Host: Tyler Crowe Guests: Matt Frankel, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

When Dick's Sporting Goods acquired Foot Locker last year, it was supposed to be a transformative deal that would serve a “broader range of consumers”. Fast forward to today, and the company is still struggling with the integration. Matt, Rachel, and Tyler take a look at the Dick's challenging quarter. Plus, unhearalded earnings reports and listener questions Have a question? Email us; podcasts@fool.com Tyler Crowe, Rachel Warren, and Matt Frankel discuss: - Dick's Sportinf Goods earnings and guidance cut. - Was it “geopolitical concerns” or just Foot Locker? - The woes of Walker & Dunlop - CVS HEalth's turnaround candidacy - Is UPS a value or a value trap? Companies discussed: DKS, NKE, ONON, ASO, UA, CROX, WD, CVS, UPS, AMZN Host: Tyler Crowe Guests: Matt Frankel, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

On Wednesday, the world's most valuable company will report financial results and they're expected to be spectacular. But Nvidia's management has to say could have huge economic ramifications. Jon, Matt, and Rachel also take questions from our mailbag, talking about the physical infrastructure of AI as well as why an investor would keep holding a stock after there's an acquisition announcement. Jon Quast, Matt Frankel, and Rachel Warren discuss: -What we're watching with Nvidia's report on Wednesday -How Nvidia's report could ripple through the stock market -Overbuilding with data centers or not? -What is Jevon's Paradox? -What to watch after acquisition announcements Companies discussed: Nvidia (NVDA), AMD (AMD), Warner Bros Discovery (WBD), Paramount Skydance (PSKY) Host: Jon Quast Guests: Matt Frankel, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The AI race isn't being won in the model lab — it's being won in the power grid. And right now, America is losing. Motley Fool analyst Rachel Warren talks with Hannan Happi, co-founder and CEO of Exowatt — backed by Sam Altman and Andreessen Horowitz — about why the AI build-out is hitting a wall that no amount of chips or software can fix. They get into why a one-year grid delay costs a hyperscaler $12 billion in missed revenue, why China has 10 times more capacity than the US to build AI infrastructure, and what investors need to actually be tracking as hundreds of billions of dollars flow into the AI build-out — including whether the data centers being built today will still be operating in ten years.  Host: Rachel Warren Guest: Hannan Happi Producers: Dennis Golin, Lauren Budabin  Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The market is fixated on interest rates and data centers this week. Rates continue to rise along with the U.S. debt, which may ultimately put pressure on companies across the market. Data centers have had their own drama with public pushback against the AI buildout at a high. We discuss this and more this week. Travis Hoium, Lou Whiteman, and Jim Gillies discuss: - Why Interest Rates Matter- The Bond Market Wins- Moderna's Big Week- Take My Money!- Data Center PR Problem- Stocks On Our Radar Companies discussed: NVIDIA (NVDA), Peloton (PTON), Moderna (MRNA), Union Pacific (UNP), Apple (AAPL). Host: Travis HoiumGuests: Lou Whiteman, Jim GilliesEngineer: Bart Shannon Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Target reported solid earnings this morning, which is a great sign for the consumer, but the big news today was from Moderna. The company's clinical trial results for a cancer vaccine were so encouraging it was fast tracked through the trial and, while there are questions, this could change how we look at cancer in the future. We discuss why the stock is up over 100%. Plus, we end the show with the latest from OpenAI and Anthropic. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: - Target Earnings- Is Target Stock a Buy?- Moderna's HUGE News- Scaling Qs- Is AI Growth Slowing?- Speed Running to an IPO Companies discussed: Target (TGT), Moderna (MRNA), Merck (MRK). Host: Travis HoiumGuests: Lou Whiteman, Rachel WarrenEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

The big box retailers are reporting earnings, and there are plenty of headwinds to discuss. But among the common themes this earnings season, these companies are leaning into AI (and AI assistants with cheesy names) to bring their businesses into the future. Tyler, Matt, and Jon also discuss drone deliveries before finishing the episode with a listener question about the next generation of real-estate brokerages. Have a question? Email us; podcasts@fool.com Tyler Crowe, Matt Frankel, and Jon Quast discuss:- The tariff refund for big box retailers- What retailers are doing with AI assistants and agentic AI- Uber's partnership with Zipline- Amazon's big “splash” with drone delivery- Why AGNT stock hasn't been a winning investment…yet Companies discussed: HD, LOW, TJX, WMT, TGT, UBER, AMZN, BRK.A, BRK.B, AGNT, REAX Host: Tyler CroweGuests: Matt Frankel, Jon QuastEngineer: Bart Shannon Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most of the time, stock investors don't pay attention to the bond markets. But when the words “not seen since 2007” start getting thrown around, investors start to look at lot harder at what's going on with bonds. Lou, Matt, and Tyler dissect the recent moves in bond markets and how it's showing up in stocks. Plus, Klarna's and Home Depot's earnings and how they are feeling the strains of the debt market. Have a question? Email us; podcasts@fool.com Tyler Crowe, Lou Whiteman, and Matt Frankel discuss: - The selloff in bonds and how it's affecting stocks- Why AI companies are getting caught up in the bond market moves.- Klarna's earnings- Home Depot's earnings Companies discussed: META, GOOG, MSFT, KLAR, HD Host: Tyler CroweGuests: Matt Frankel, Lou WhitemanEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

It's Tuesday, August 18th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Kevin Swanson and Timothy Reed Arizona pastor murdered by crucifixion Demonically inspired opposition to the Christian faith is on the rise here in the United States as well as overseas.  A Christian pastor in Arizona was subjected to a crucifixion-type murder last year. The perpetrator, Adam Sheafe, confessed he did it because the pastor would not compromise on his teaching on the Biblical doctrine of the Trinity and the deity of Jesus Christ.   The murderer, in this case, has been sentenced to life in prison. “For this reason, the Jews persecuted Jesus, and sought to kill Him, because He had done these things on the Sabbath..  . but also that He said that God was His Father, making Himself equal with God.” That's John 5:16 and 18.   Ukraine has achieved an 8-1 casualty ratio with Russia since January Ukraine is back on top in the Russia-Ukraine conflict.  The Center for Strategic and International Studies reports that Ukraine has achieved as much as an 8-1 casualty ratio since the beginning of the year — up from a 2-1 ratio since the beginning of the war.  The report also notes that the war is taking a toll on the Russian people. They suffer from a “sputtering economy, higher prices on groceries and other expenses, tax increases, significant internet restrictions, and an oppressive crackdown on freedom of speech.” Russia has suffered an estimated 450,000 fatalities in the conflict. That compares to the United States losing 102,000 men in military conflicts since World War II. Dramatic increase in military budgets in the Far East Sabers are rattling in the Pacific. Japan's military budget is up 5% year-over-year. South Korea's budget is up 7.5%. The Philippines' budget is up 9%.  And Taiwan's is up 16%.  China's build-up began 25 years ago and is now averaging 7% per year. China's budget is running at $283 billion compared to Japan, South Korea, and Taiwan which are spending $150 billion combined.  America's deficit up 11% Here in America, for the first 10 months of the fiscal year, the U.S. deficit registered an 11% increase year-over-year. That's 31% above the average deficit produced by the Biden budgets between 2021 and 2025. Proverbs 28:22 reads, “A man with an evil eye hastens after riches, and does not consider that poverty will come upon him.” Gen Z investors believe sports betting is good investment An online survey of 1,000 U.S. retail investors conducted in late March and early April, which was released this week, found that 52% of Gen Z investors were planning to shift money originally set aside for stocks or other investments into sports wagers over the past year.  Only about one-third of Gen Z participants reported no involvement in sports betting at all, compared with 63% across all age groups in the survey. Specifically, 26% of Gen Z respondents -- those born between 1997 and 2007 -- said they view sports betting as a deliberate, ongoing part of their wealth strategy. That figure drops sharply with age: 14% of Millennials, 6% of Gen X, and just 1% of Baby Boomers reported the same outlook. Overall, U.S. sports betting has increased from $2 billion of waging to $166 billion in waging since 2018 - just eight years ago, according to Research Ground.   Gen Z also loves cryptocurrency In addition, Motley Fool's recent survey found that Gen Zers are the most likely to invest in cryptocurrency at 49% compared to other demographics including 46% of Millennials, 26% of Gen Xers, and 11% of Baby Boomers.   Plus, 57% of cryptocurrency purchasers think it's an investment, and 26% use it for a monetary exchange. But crypto is losing favor with American investors. Gallup's recent poll found only 2% of Americans favor crypto for a long-term investment which is down from 8% four years ago.  Real estate, stocks, and gold are the favorite choices for investors now. The birth dearth in America The National Center for Education Statistics reports that public schools in America have lost almost two million students since 2019.  This is partially due to the birth dearth – or the decline in America's fertility rate. Since 2015, it amounts to a loss of about one million children. Births to women in America topped out in 2007 at 2.12 or 2,122 births per 1,000 women aged 15–44.  Today, the birth rate is hovering around 1.57 or 1,570 births per 1,000 women. By contrast, the average birth rate for homeschooling families is 3.5 children per family. The Centers for Disease Control reveals that total U.S. births fell off during the first quarter of 2026  — a 2.1% drop off from the previous year. There were 4.3 million births in America in 2007, but only 3.6 million births last year. And we're looking at another drop of about 700,000 students this year.  This data points to an 18% drop in American births in 18 years.  Based on these recent numbers for American births, by 2031, the public schools will lose another 2.44 million students due to birth decline alone in this country. That's not counting the number of students who drop out. Shocker: Canadian male cyclist beating women in the sport And finally, men, pretending to be women, are once again proving that they can beat women in women's sports.  A Canadian cyclist, by the name of “Mr. Ivy,” claimed to have transgendered into a woman; after which he won a women's cycling championship. More recently, “Mr. Ivy” has gone on to win the Inter-Provincial Team title at the Canadian Women's Mid-Amateur Championship golf tournament.  This is actually the third time that he has won the women's Canadian golf tournament. Not surprisingly, he has dominated in other recent golf competitions for woman as well. Close And that's The Worldview on this Tuesday, August 18th, in the year of our Lord 2026. Subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ. Extra print U.S. Senate still has not passed Safeguard American Voter Eligibility The United States Senate continues to drag its feet on the Safeguard American Voter Eligibility, or SAVE America, Act. The Senate has now adjourned for five weeks, and has no formal plans to try and pass the SAVE Act before fall.  President Donald Trump has repeatedly called on the Republican led Senate to secure American elections and to pass the SAVE Act, but to no avail. Republican Senator Mike Lee of Utah said, “We did our best, left no stone unturned. I wish the outcome had been different, both as to adjournment and as to these votes. This fight's not over. We're just getting started.” Contact your two U.S. Senators by phone or email and ask them to vote for the SAVE Act. 1,000 fake marriages to Chinese nationals in New York The Department of Justice charged 11 individuals in New York last week in a massive marriage fraud scheme. Per the Justice Department, more than 1,000 fake marriages were conducted, mostly between Chinese nationals seeking to obtain green card status in the United States. The operation had been running for more than 10 years.

I first came across The Motley Fool while working in the "bulge bracket" banks of the late 90s, where the goal was often to keep the public out. Sitting down with David Gardner, the man who helped break those walls down, was a masterclass in financial sovereignty. We discuss his six-trait framework for identifying world-beaters, the psychological grit required to ignore "overvalued" labels, and why the most powerful move an investor can make is simply to keep holding. Hosted on Acast. See acast.com/privacy for more information.

Berkshire Hathaway is a net buyer of stocks again for the first time in nearly 4 years, but new CEO Greg Abel still had some surprising stocks to sell during the quarter. Jon, Matt, and Rachel break down Berkshire's latest moves before answering a listener question regarding how to spot a winning stock early before finishing the episode by running some Berkshire stocks through some Hidden Gems mental frameworks. Jon Quast, Matt Frankel, and Rachel Warren discuss: -Berkshire buys stocks again-Greg Abel's changing approach-Hidden Gems Investing's favorite AI scoring categories-Why housing stocks could be Hidden Gems-Why the AI industry is still a great place to look for Hidden Gems Companies discussed: Berkshire Hathaway (BRK.A)(BRK.B), Alphabet (GOOG)(GOOGL), D.R. Horton (DHI), Kroger (KR), Delta (DAL), Rocket Lab (RKLB), Dream Finders Homes (DFH), Forgent Power Solutions (FPS) Host: Jon QuastGuests: Matt Frankel, Rachel WarrenEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠megaphone.fm/adchoices⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Hill is the host of Money Unplugged and a veteran of the podcasting world, having started at The Motley Fool in 2009 and gone on to host and executive produce more than 3,500 episodes. He has interviewed some of the biggest names in business and media, including Michael Lewis, Mark Cuban, and Malcolm Gladwell, and he also narrates Morgan Housel's bestselling books The Psychology of Money and The Art of Spending Money. In this conversation, Chris shares what more than a decade in podcasting has taught him about building an audience, controlling costs, preparing for great interviews, and using a podcast as one of the most powerful networking tools available. On this episode we talk about: How Chris helped launch one of the earliest major investing podcasts during the 2009 financial crisis Why keeping podcast production costs low is critical to building a profitable show The evolution of podcasting from an early, computer-based medium to YouTube and multi-platform distribution How a podcast can become a powerful networking and relationship-building tool Why thorough interview preparation can transform a conversation and help guests get off autopilot The connection between money and personal experiences, emotions, relationships, and psychology Top 3 Takeaways Keep your podcast costs proportional to your goals. Chris emphasizes setting a specific financial allocation for a side hustle or podcast and avoiding the temptation to continually invest more money when things aren't working. Use your podcast to build relationships, not just an audience. Inviting someone onto a podcast gives you a legitimate reason to connect with people you admire, expand your network, and create conversations that might never happen over a traditional coffee chat. Preparation creates better conversations. The goal isn't simply to book impressive guests—it's to make the conversation memorable. Researching a guest deeply allows you to ask questions they haven't heard before and move beyond their standard talking points. Notable Quotes "The less expensive your podcast is to produce, the more profitable it's gonna be." "Personal finance is more personal than finance." "They will be delighted if you're not asking the same four questions or telling the same three stories that they tell on all the other interviews." Connect with Chris Hill: Website: https://www.moneyunpluggedpodcast.com/ Other: Money Unplugged — available wherever you listen to podcasts, with new episodes every Friday A Word from Our Sponsors: - Go to Leesa.com for 25% OFF select mattresses (through August 23, 2026) PLUS get an extra $50 off with promo code TMM, exclusive for my listeners  Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when an AI agent does your shopping — and how do you make sure it doesn't order two grills instead of one? In Part 2 of his conversation with Motley Fool CEO Tom Gardner, Mastercard CEO Michael Miebach breaks down the company's Agent Pay protocol, explains why machine-to-machine payments could transform B2B commerce, and reveals why Mastercard just acquired the world's largest stablecoin platform. He also gets into what the AI revolution really means for employment, why proprietary transaction data is Mastercard's deepest competitive moat, and how he personally stays sharp running a $500 billion company.  Host: Tom Gardner  Guest: Michael Miebach  Producers: Bart Shannon, Lauren Budabin  Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Think you know how Social Security calculates your benefit? Chances are, you're missing at least one piece of the puzzle. Host Robert Brokamp takes a listener's real-world question and turns it into a clear, step-by-step guide to how your benefit is actually built. Key concepts discussed:-The “35 highest-earning years” rule—demystified: How Social Security treats your top earning years, wage inflation adjustments, and what “zero years” can do to your average.-AIME, bend points, and PIA: The three core building blocks of your benefit and why the formula is designed to replace a higher share of income for lower earners.-Claiming strategy matters more than you think: How taking benefits early vs. waiting (up to age 70) permanently changes your payout—and why family benefits (spousal/survivor) should be part of the decision.-How to estimate your benefit with better tools: Where the Social Security statement can mislead (especially if income will drop later), plus the best calculators and resources to model realistic future earnings and claiming ages.Host: Robert Brokamp, CFP®, EAEngineer: Bart Shannon and Kristi Waterworth Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Demand for AI is exploding and two companies – OpenAI and Anthropic – are driving the industry forward. Everything from hyperscalers to neoclouds to memory stocks are hanging on the demand for tokens they need. We discuss that demand, how debt got involved, and what could go wrong. Plus, what sports franchise would you buy?Travis Hoium, Lou Whiteman, and Jason Moser discuss:- AI IPO Setup- Insatiable Demand- Debt Gets Involved- Restaurant Recovery?- Buying a Franchise- Radar StocksCompanies discussed: Quantum Computing (QUBT), Firefly (FLY), Alphabet (GOOG), Amazon (AMZN), SpaceX (SPCX).Host: Travis HoiumGuests: Lou Whiteman, Jason MoserEngineer: Bart ShannonAdvertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Both Cisco Systems and Cerebras earnings reports showed two companies with bulging order books, but even that couldn't satiate the markets appetite. Jon, Matt, and Tyler break down their respective earnings reports and look at some of the major challenges these companies will face and the challenges they present to investors. Plus, a lightning round of earnings reports on our favorite under-the-radar stocks.Have a question? Email us; podcasts@fool.com Tyler Crowe, Matt Frankel, and Jon Quast discuss: Cisco earnings. Strong hardware, weak software Cerebras, making sense of its confusing earnings Can innovations like Cerebras threaten the AI incumbants? Hidden Gems earnings lightning round Companies discussed: CSCO, ANET, DELL, CRBS, NVDA, XMTR, MQ, TBBBHost: Tyler CroweGuests: Matt Frankel, Jon QuastEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Whenever RocketLab reports earnings these days, investors and analysts are far more interested in Neutron rocket updates than anything else. No wonder it was the most discussed topic on the conference call. Travis, Matt, and Tyler dissect Rocketlab's earnings and opportunities in the space economy. Plus, ON Holdings decides to prioritize margins, and eVTOL companies Archer Aviation & Joby Aviation try to one up each other. Have a question? Email us; podcasts@fool.com Tyler Crowe, Travis Hoium, and Matt Frankel discuss: - RocketLab's earnings and the Neutron schedule- Investing opportunities in the space economy- On Holdings earnings- The give and take of DTC sales for retailers- eVTOL acquisitions Companies discussed: RKLB, ONON, NKE, UA, ACHR, JOBY, BA Host: Tyler CroweGuests: Travis Hoium, Matt FrankelEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The AI buildout has one big beneficiary today and that's neoclouds Coreweave and Nebius. These companies buy and rent out GPUs for AI and they're seing incredible demand for the assets they're building. We discuss the short-term demand and where these stocks face risks long-term. Plus, we discuss Cava's results and what inflation is telling us.Travis Hoium, Tyler Crowe, and Rachel Warren discuss:- Coreweave's Results- Neocloud Financing- Cava's Traffic Growth- Why Restaurants Are Hard- Inflation Eases- Energy's Impact PricesCompanies discussed: Coreweave (CRWV), Nebius (NBIS), Cava (CAVA).Host: Travis HoiumGuests: Tyler Crowe, Rachel WarrenEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠megaphone.fm/adchoices⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Lost in the commotion of earnings season, Cloudflare co-founder and CEO Matthew Prince made an extraordinary claim about how internet traffic is changing at an exponential rate, motivating Jon to ask Matt and Tyler to dissect the news and look for investment opportunities. The trio also discusses the latest news in the mining industry as well as Intel's latest equity sale. Jon Quast, Matt Frankel, and Tyler Crowe discuss: -Agentic AI internet traffic surpassing human traffic-The investment opportunities if agentic traffic increases exponentially-The government's investment in mining education-Whether there are buying opportunities for mining stocks-Why Intel is raising cash Companies discussed: Cloudflare (NET), GE Vernova (GEV), Quanta Services (PWR), Intel (INTC), Alphabet (GOOG)(GOOGL), Oracle (ORCL) Host: Jon QuastGuests: Matt Frankel, Tyler CroweEngineer: Kristi Waterworth Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

That vacation, RV, or home renovation you're planning in retirement might cost a lot more than the price tag suggests. One extra withdrawal from your IRA can set off a chain reaction of higher taxes and even surprise Medicare surcharges — for years to come. Robert Brokamp breaks down the hidden math behind retirement spending, and what you can do now to keep more of your money.Key topics discussed:-The tax "snowball" effect: how one year of higher spending can force bigger withdrawals in following years just to cover the tax bill, compounding the cost over time-Uncle Sam loves seniors: tax benefits for the 65-and-older crowd result in a lot of tax-free income – but spending beyond certain levels can result in a quickly accelerating tax bill-Two hidden costs of spending more: how bigger withdrawals can trigger taxes on Social Security benefits and surprise IRMAA surcharges on Medicare premiums-How to soften the blow: why building up Roth assets and paying off debt before retirement can protect you from these tax trapsHost: Robert Brokamp, CFP®, EAEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

As earnings season winds to a close, the team discusses what we learned this quarter and why a new jobs report may actually be good for the market. Plus, we discuss The Trade Desk's bad week, Google's brain drain, and the stocks on our radar. Travis Hoium, Lou Whiteman, and Jon Quast discuss: - Jobs Report - Earnings Season Recap - The Trade Desk - Value or Trap? - Google's Brain Drain - Stocks on our Radar Companies discussed: Alphabet (GOOG), Apple (AAPL), The Trade Desk (TTD), Shift4 (FOUR), Micron (MU), Salesforce (CRM), Adobe (ADBE), GM (GM), Symbotic (SYM), ServiceNow (NOW), . Host: Travis Hoium Guests: Lou Whiteman, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The amount of stocks moving 10% or more in either direction this most recent quarter has been staggering. Even companies that post decent, even some might call good, results are dropping double digits or more. Today, Jon, Travis, and Tyler dissect earnings results from several Motley Fool favorites that are moving double digits today to try and make sense of these sharp stock moves. Have a question? Email us; podcasts@fool.com Want to take the next step in your investing journey? Explore Motley Fool's Epic for our portfolio-centered investing experience, premium research, tools, and guidance: fool.com/epic Tyler Crowe, Travis Hoium, and Jon Quast discuss: - MercadoLibre's rapid revenue growth and contracting margins - Has Unity Software finally turned the corner? - The changing strategy for Celsius Holdings - Applovin's revenue continues to decelerate Companies discussed: MELI, AMZN, U, APP, CELH Host: Tyler Crowe Guests: Travis Hoium, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Earnings season continues to give strong results, but that doesn't mean each stock is rising on the news. Today, we saw Shopify jump and Uber fall after earnings that both showed strong adoption for their products. In addition, we discuss Disney and its growing reliance on the parks business to drive results. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: - Uber's Results - Why Shares Fell - Disney's Parks Growth - Where Does ESPN Go? - Shopify's Blowout - Can Growth Sustain? Companies discussed: Uber (UBER), Disney (DIS), Shopify (SHOP). Host: Travis Hoium Guests: Lou Whiteman, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Shares of Palantir had an stellar day after reporting even more stellar earnings results. Many of the questions about getting commercial customers into its ecosystem appear to have been answered, and CEO Alex Karp made the case that Palantir's offerings posed fewer risks than the AI models coming out today. Travis, Lou, and Tyler break down its earnings, plus a blowout quarter for Caterpillar and what to make of Spotify's mixed earnings results Have a question? Email us; podcasts@fool.com Want to take the next step in your investing journey? Explore Motley Fool's Epic for our portfolio-centered investing experience, premium research, tools, and guidance: fool.com/epic Tyler Crowe, Travis Hoium, and Lou Whiteman discuss: - Palantir's earnings and guidance - The case for model-agnostic AI -Caterpillar's incredible quarter -Is Spotify a growth stock or a value stock Companies discussed: PLTR, CAT, DE, SPOT, NFLX Host: Tyler Crowe Guests: Travis Hoium, Lou Whiteman Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Mergers could be back in 2026 as companies try to get deals done while regulators allow them. But are buyouts always a good idea? We discuss a potential deal in pharma today, plus we go over the latest in interest rates and what we're watching this week. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: - AstraZeneca + BMS? - Why Merge Now? - Rising Interest Rates? - The Market's Reaction - SpaceX Earnings Ahead - Can Uber Impress? Companies discussed: AstraZeneca (AZN), Bristol-Meyers Squibb (BMY), Uber (UBER), SpaceX (SPCX). Host: Travis Hoium Guests: Lou Whiteman, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Bethany McLean, veteran investigative journalist and co-author of The Smartest Guys in the Room, saw the end of Enron coming, and is now watching the AI trade very carefully. She has questions the market isn't asking. Motley Fool analyst Rachel Warren continues her conversation with Bethany, turning the lens on the market right now. She discusses why the free cash flow of the Magnificent Seven is quietly turning negative, why the circular financing inside the AI ecosystem makes it nearly impossible to see what's really going on, and why the S&P 500 index fund you think is keeping you diversified is actually one of the most concentrated AI bets you can make.  Host: Rachel Warren  Guest: Bethany McLean  Producers: Bart Shannon, Lauren Budabin  Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions.  TMF assumes no responsibility for any losses or damages arising from this advertisement.  We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode.  Learn more about your ad choices. Visit megaphone.fm/adchoices