Podcasts about next decade

Sacramento business, entrepreneurship, downtown development, AI, real estate and the future of local media are all changing fast. Bryan Flaherty, Publisher & Market President of the Sacramento Business Journal, joins Mark for a wide-ranging conversation about the biggest stories shaping the Sacramento region and where the local economy goes from here.Bryan shares his path from advertising and media into leadership at the Business Journal, why Sacramento's business community continues to grow, and what he sees happening in downtown Sacramento, the startup ecosystem and some of the region's fastest-growing companies.They also dig into the changing media landscape and the role of trusted local journalism in an era of social media, political division and artificial intelligence. Bryan explains why the Business Journal has stayed focused on factual local business reporting, how AI could change the way readers access decades of Business Journal reporting, and why boots-on-the-ground journalism still matters.The conversation also covers:• Why Sacramento has an opportunity to become an even stronger business and entrepreneurial center• The future of downtown Sacramento and the urban core• Startups, jobs, real estate and the stories readers care about most• Why face-to-face relationships and networking still matter• How AI is changing journalism and media• The Sacramento Business Journal's events, awards and Fastest Growing Companies• Bryan's vision for the Business Journal and the Sacramento regionBryan believes Sacramento is already in a strong position—but still has enormous unrealized potential. His goal is to help tell that story honestly while keeping a finger on the pulse of the people and businesses driving the region forward.______________________________________________________________If this episode inspires you to be part of the movement, and you believe, like me, that entrepreneurs are the answer to our future, message me so we can join forces to support building truly great companies in our region. -Subscribe to my channel here: https://www.youtube.com/channel/UCom_​... -  Mark Haney is a serial entrepreneur that has experience growing companies worth hundreds of millions of dollars. He is currently the CEO and founder of HaneyBiz -  Instagram: http://instagram.com/themarkhaney​ Facebook: www.facebook.com/themarkhaney LinkedIn: https://www.linkedin.com/in/markehaney​ Website: http://haneybiz.com​ Audio Boom: https://audioboom.com/channels/5005273​  Twitter: http://twitter.com/themarkhaney-This video includes personal knowledge, experiences, and opinions about Angel Investing by seasoned angel investors.  This content is for informational purposes only and should not be construed as legal, tax, investment, or financial advice.  Nothing in this video constitutes a solicitation, recommendation, or endorsement.#thebackyardadvantage #themarkhaneyshow #entrepreneur #PowerOfWith #SacramentoEntrepreneur #Sacramento#SacramentoSmallBusiness #SmallBusiness #GrowthFactory #Investor#podcast

Airports and ports, pipelines and power lines. Infrastructure is all around us — and demand for it could be entering one of its biggest booms in generations. In this episode, Mike Taylor and Kent Williams of Pie Funds unpack what’s driving that demand, from the rapid buildout of AI and data centres to growing pressure on power grids and the electrification of everyday life. How does Pie decide which infrastructure assets to invest in? Can power supply keep up with rising demand? Will the enormous sums being spent on AI deliver a return? And why is only a fraction of the world’s infrastructure available to everyday investors? For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.

REITs have underperformed for 25 years, but could the next decade be different? Jussi Askola joins us to look at where REITs stand today, how they are valued, and where investors may find the best opportunities. We discuss how to value REITs using NAV and FFO, why management quality matters, and which sectors look most attractive, including data centers, cell towers, multifamily, retail, and office. We also compare public and private real estate and explore what could drive REIT returns over the next 10 years. To go beyond the podcast: Take the guesswork out of investing, taxes, and retirement. Book a free consultation with Domain Money Today: www.biggerpocketsmoney.com/cfp  Get 50% Off Your First Year of Monarch by using code ‘Pockets': https://www.monarch.com/pockets Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney Connect with Jussi Askola Website: https://www.leonbergcapital.com/ Buy His New Book ‘The Reit Advantage': https://www.amazon.com/dp/9916435359?lv=shuf&channelId=500&plpRedirect=mhFallback Substack: https://www.high-yield-landlord.com/ We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Where are the biggest opportunities in franchising headed over the next decade?After spending several days hearing directly from more than 120 franchise brands across North America, one thing was clear: franchising is evolving, and some of the strongest growth is happening in areas driven by long-term shifts in how people live, spend, work, and invest.In this episode of the Hire Yourself Podcast, we break down the biggest trends shaping the future of franchising and what they could mean for professionals considering business ownership.In this episode, we cover:

Fresh off the Vizient Executive Strategy Summit, host Tori Richie sits down with Bill Woodson, Sr Principal, and Brianna Motley, VP, Intelligence Strategy and Delivery, to debrief the conversations that defined this year's event. From a pervasive sense of uncertainty and existential threat to a shared bias toward action, the trio unpacks how health systems are rethinking financial foundations, ambulatory strategy, access, partnerships, and the evolving role of AI. They explore what it means for strategy leaders to bridge from planning to execution as the next two years shape the next decade of healthcare. Tune in for tangible takeaways and a forward-looking look at the capabilities health systems will need to thrive.   Note to our listeners: Sg2 Perspectives was recently renamed Edge Perspectives. Same great hosts, same great content, expanding to cover data-driven market intelligence, quality and operations insights from health care provider leaders. There is no action needed for you to keep this podcast in your subscriptions and feeds. But you will see a new logo and a new name. We are always excited to get ideas and feedback from our listeners. Contact the hosts with your comments or episode ideas or visit The Leading Edge by Vizient on LinkedIn.

Hervé Van Caloen, President of Mercator Investment Management, joins Michael Gayed on Lead-Lag Live to discuss where the next decade of alpha lives outside the US — with a focus on Latin America (Venezuela post-Maduro, Argentina's Milei reforms), Japan's semiconductor comeback via Rapidus, European defense investment, and the case for global diversification when US market concentration hits a 93-year high. Topics covered: (00:00) Host intro and Hervé's international investing background (05:05) US tech concentration and the case for diversification (10:00) Europe's shift toward bureaucracy and regulation (15:10) Sweden's capitalism pivot and European contrasts (20:21) Japan's lost decades and the macro turnaround (25:20) Japan's semiconductor strategy and the Rapidus initiative (30:18) Global rotation beyond the US and investor caution (35:05) Emerging markets pain, BRICS, and Latin America opportunity (40:04) Currency risk, hedging, and export-focused plays About Mercator Investment Management: Mercator is an international asset manager focused on non-US equity opportunities across developed and emerging markets. Hervé Van Caloen brings decades of experience investing across Latin America, Asia, and Europe, with particular expertise in identifying structural reforms and macro pivots that create multi-year equity re-ratings. Where to find Hervé and Mercator: Website: mercatorinvestments.com Contact: Hervé Van Caloen — herve.vancaloen@mercatorinvestments.com The Lead-Lag Report: leadlagreport.com Sponsored by Mercator Investment Management — this episode is presented as part of Mercator's Lead-Lag Live sponsored webinar series covering international investment opportunities. This content is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Views expressed by Hervé Van Caloen are his own and do not necessarily reflect the views of Lead-Lag Publishing, LLC. Investors should conduct their own due diligence before making any investment decision. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Over the last couple of years, media coverage of China has focused on the trade war launched by the Trump administration. While Trump and his tariffs have been grabbing the headlines, there have been some major developments in China's domestic political economy. So far this year, the Chinese authorities have announced plans to reform the hukou system that controls the movement of workers around the country. They've also published their latest five-year plan setting out development goals for the rest of the decade. Eli Friedman joins Long Reads to talk about what's been happening in China. Eli is a professor of global labor at Cornell University and the coauthor of China in Global Capitalism. Long Reads is a Jacobin podcast looking in-depth at political topics and thinkers, both contemporary and historical, with the magazine's writers. Hosted by features editor Daniel Finn. Produced by Conor Gillies with music by Knxwledge.

July 2026 Sustainable Stock and ETF Picks. Includes articles on the top sustainable pharmaceutical companies, clean energy ETFs, and more! By Ron Robins, MBA Transcript & Links, Episode 169, July 31, 2026 Hello, Ron Robins here. Welcome to my podcast episode 169, published on July 31, 2026, titled "July 2026 Sustainable Stock and ETF Picks." Now, before I begin, I want to apologize if my voice at any time sounds a little rough! This podcast is presented by Investing for the Soul. Investingforthesoul.com is your go-to site for vital global, ethical, and sustainable investing mentoring, news, commentary, information, and resources. Remember that you can find a full transcript and links to content, including stock symbols and bonus material, on this episode's podcast page at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, and I don't receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal any investments I have in the investments mentioned herein. I have a terrific crop of 27 articles for you in this podcast! Note: Sometimes companies are covered more than once. Now with so many articles to potentially cover, I've chosen 4 to quote from. Titles and links to the other 23 can be found on the webpage for this podcast edition. ------------------------------------------------------------- 1) Top 10: Sustainable Pharmaceutical Companies from sustainabilitymag.com I'm beginning this podcast with an article that reviews an industry that is controversial for some ethical and sustainable investors. Nonetheless, the sponsor of this industry analysis needs to be considered. The title of the article is: Top 10: Sustainable Pharmaceutical Companies from sustainabilitymag.com. It's by David Weston. Here is some of his analysis. "Here we present the pharmaceutical companies leading in corporate responsibility, innovation and dedication to a healthier, increasingly sustainable future. 10. Boston Scientific (BSX) Founded: 1979 HQ: Marlborough, US Net Zero Target: 2050 In the short term, it aims to achieve a 46.2% absolute reduction in Scope 1 and 2 emissions by 2030 – compared to a 2019 baseline. By 2050, it wants to achieve a 90% absolute reduction. 9. UnitedHealth Group (UNH) Founded: 1974 HQ: Eden Prairie, US Net Zero Target: 2050 UnitedHealth Group is working to source 100% of its energy from renewable sources and reduce Scope 1 and 2 emissions by 60% by 2030. 8. Danaher (DHR) Founded:1969 HQ: Washington, DC, US Net Zero Target: 2050 Danaher's 2025 Scope 1 and 2 emissions were 30% lower than the 2021 baseline, with 70% of the electricity consumed in its operations drawn from renewable sources. 7. Elevance (ELV) Founded: 1944 HQ: Indianapolis, US Net Zero Target: 2030 Elevance Health… uses 100% renewable electricity, and encourages suppliers to adopt science-based targets… Its initiatives include energy and water efficiency, responsible waste management and low-carbon commuting. 6. Medtronic (MDT) Founded: 1949 HQ: Minneapolis, US Net Zero Target: 2045 Medtronic aims to have 75% of its suppliers backed by science-based targets by 2030… Medtronic also wants to reduce absolute Scope 1 and 2 GHG emissions 52% by FY30 from a 2020 base year. Top 5... 5. McKesson (MCK) Founded: 1833 HQ: Irving, US Net Zero Target: Reduce direct GHG emissions by 50% by 2032. It aims to reduce direct GHG emissions by 50% by 2032 from a 2020 base year. 4. Bayer (BAYN) Founded: 1863 HQ: Leverkusen, Germany Net Zero Target: Before 2050 By the end of 2029, it targets a 42% reduction in Scope 1 and 2 emissions from a 2019 baseline. Strategies include… transitioning to 100% renewable electricity. 3. CVS Health (CVS) Founded: 1963 HQ: Woonsocket, US Net Zero Target: 2050 In 2021, CVS Health emerged as a global leader by securing SBTi validation for its net zero targets… The company is targeting 50% renewable electricity by 2040. 2. Haleon (H6G.SG) Founded: 2022 HQ: Weybridge, UK Net Zero Target: 2040 Haleon uses 100% renewable electricity across its production facilities. 1. Thermo Fisher Scientific (TN8.F) Founded: 2006 HQ: Waltham, US Net Zero Target: 2050 Thermo Fisher Scientific… interim targets including a 50% reduction in greenhouse gas emissions from 2018 levels and 80% renewable energy use by 2030." End quotes. ------------------------------------------------------------- 2) Riding the Green Wave: Clean Energy ETFs Benefiting from etftrends.com Now the case for green energy is clearer than ever, and this article offers reasons for it and what investments to look at. It's titled Riding the Green Wave: Clean Energy ETFs Benefiting from etftrends.com. It's by Ryan Schloesser, and here are some quotes from his article. "Following a multi-year slump in clean energy ETF performance, geopolitical tensions sparking global energy security concerns and energy demand from AI data center projects have driven clean energy investment in 2026… (Starting with) Gains in (3) Global Clean Energy (ETFs) 1. iShares Global Clean Energy ETF (ICLN) tracks the performance of the S&P Global Clean Energy Index… (The) iShares Global Clean Energy ETF has climbed over 20%, and has received inflows of $507 million so far in 2026. 2. Fidelity Clean Energy ETF (FRNW) tracks the Fidelity Clean Energy Index, targeting global companies that derive at least 50% of their revenues from renewable energy. The fund has seen a return of 17.3% and inflows of $60 million this year.  3. Invesco Global Clean Energy ETF (PBD) follows the performance of the WilderHill New Energy Global Innovation Index… (The) Invesco Global Clean Energy ETF has climbed 19% and recorded inflows of $6.5 million in 2026.  Capturing the North American Energy Shift (are the following 4 funds) 1. Invesco WilderHill Clean Energy ETF (PBW) tracks the WilderHill Clean Energy Index… The fund has climbed 20.6% this year with outflows of -$305.2 million as surging Treasury yields and potential interest rate hikes pressure smaller-cap holdings.  2. First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) tracks the NASDAQ Clean Edge Green Energy Index targeting North American companies across the green value chain… The fund has grown 27.2% this year and received inflows of $110 million.  3. ALPS Clean Energy ETF (ACES) and 4. (the) ALPS Electrification Infrastructure ETF (ELFY) both provide North American exposure to the clean energy sector. (The) ALPS Clean Energy ETF tracks the CIBC Atlas Clean Energy Index… Focusing more on the electrification infrastructure component of the clean energy transition, (the) ALPS Electrification Infrastructure ETF tracks the Ladenburg Thalmann Electrification Infrastructure Index, providing exposure to the companies physically supplying electricity and grid infrastructure. This year, the funds have returned 5.4% and 22.7%, with inflows of $12.8 million and $58.6 million, respectively.  (And 2) Pure Play (Funds with) Exposure to Solar and Wind 1. Invesco Solar ETF (TAN) offers concentrated exposure to a portfolio of companies involved in the global solar value chain by tracking the MAC Global Solar Energy Index. 2. First Trust Global Wind Energy ETF (FAN) tracks the ISE Clean Edge Global Wind Energy Index. (The) Invesco Solar ETF has returned 14.7% with inflows of $536.1 million in 2026, while (the) First Trust Global Wind Energy ETF has risen 21.8% and recorded inflows of $62.8 million over the same period." End quotes. ------------------------------------------------------------- 3) 3 AI Infrastructure Stocks That Could Double by 2027 from finance.yahoo.com Many ethical and sustainable investors are heavily invested in the AI sphere. So as an homage to them, I have this recent article titled 3 AI Infrastructure Stocks That Could Double by 2027 from finance.yahoo.com. It's by Will Healy at fool.com. Here's a bit of what he says in his article. "1. Nvidia (NVDA) trades at a P/E ratio of 31, which is actually less than the S&P 500 average of 32. This has occurred as Nvidia's revenue grew by 85% yearly in the first quarter of fiscal 2027 (ended April 26). When also considering the 211% profit increase for the same period, the earnings multiple would arguably appear low even if Nvidia's stock price were to double. 2. CoreWeave (CRWV) As one of the leading neocloud companies, CoreWeave has drawn increased attention. Amid the potential for massive stock gains, huge losses and rapidly rising debt levels have soured some investors on this company… CoreWeave has Nvidia as an investor and a partner. That gives the company capital and access to Nvidia's latest technology, giving CoreWeave a competitive advantage. 3. Meta Platforms (META) Facebook parent Meta Platforms is in the process of transitioning into more of an AI-oriented enterprise. The company pledged to spend between $125 billion and $145 billion in capital expenditures (capex), most of which will probably go to building more AI infrastructure… Indeed, the 26% forecasted revenue increase for 2026 is a slowdown from Q1. Nonetheless, that would put downward pressure on an already low P/E ratio if the stock price stayed the same. Moreover, if Meta's AI inspired more confidence, its current valuation indicates the stock price could double without making Meta an expensive stock." End quotes. ------------------------------------------------------------- 4) Top Wind Energy Stocks to Add to Your Portfolio for Solid Long-Term Returns -- from Zacks.com Lastly, I have this article covering a sector that most of you are concerned with. It's titled Top Wind Energy Stocks to Add to Your Portfolio for Solid Long-Term Returns -- from Zacks.com. It's by Avisekh Bhattacharjee. Here are some quotes from his article. "(Note that this is) an updated edition of the May 28, 2026 article. 1. NextEra Energy (NEE - Free Report) is a public utility holding company engaged in the generation, transmission, distribution and sale of electric energy. The Zacks Rank #2 (Buy) company's competitive energy business, NextEra Energy Resources LLC ('NEER'), is a leading generator of wind energy globally. 2. Duke Energy (DUK - Free Report) is a premier utility service provider offering efficient power and energy services. The Zacks Rank #2 company is currently focused on expanding its scale of operations, implementing modern technologies at its facilities as well as enhancing its renewable generation portfolio by investing heavily in infrastructure and expansion projects. 3. American Electric Power (AEP - Free Report) is a public utility holding company, which, through directly and indirectly owned subsidiaries, generates and transmits electricity. Wind forms a part of the company's broader strategy to diversify its generation portfolio and lower carbon emissions… The Zacks Rank #2 company is expanding its regulated renewable asset base. 4. Vestas Wind Systems (VWDRY - Free Report) is a renowned designer, manufacturer, installer and service provider for wind turbines across the globe. To capitalize on rising demand for renewable power, the company emphasizes wind capacity expansion, technological advancement and sustainable energy development… In June 2026, the Zacks Rank #2 company secured five new orders to deliver wind turbines in Germany." End quotes. ------------------------------------------------------------- 23 more articles from around the world with Sustainable Investment Picks for July 2026. 1. Title: This Solar Power Stock Still Has a Bright Future from barrons.com. By Avi Salzman. 2. Title: Solar Beats Coal for the First Time: 3 Dividend Stocks to Buy Now from fool.com. By Reuben Gregg Brewer. 3. Title: 3 Consumer Staples Stocks Riding The Fairtrade Spending Trend from simplywall.st. Reviewed by Sasha Jovanovic. 4. Title: 1 Nvidia-Backed AI Infrastructure Stock to Buy Hand Over Fist Right Now from fool.com. By Dave Kovaleski. 5. Title: Top 10: Wind Power Companies from energydigital.com. By James Darley. 6. Title: This AI Infrastructure Company Has a $638 Billion Backlog and Is Trading Near an 18-Month Low from fool.com. By Matt Frankel, CFP®. 7. Title: 3 Green Investment Stocks Backed By Copper, Biofuels And Solar Demand from simplywall.st. Reviewed by Sasha Jovanovic. 8. Title: Forget Nvidia: This Infrastructure Upstart Is The Real Backdoor AI Winner from fool.com. By Leo Sun. 9. Title: 3 Stocks to Buy on the AI Infrastructure Sell-Off from fool.com. By Geoffrey Seiler. 10. Title: This ESG ETF Owns Google and Intel but Won't Touch Meta, and It's Up 22% in a Year from finance.yahoo.com. By Michael Williams at 24/7 Wall St. Continuing 12. Title: 3 Alternative Energy Stocks Investors Are Watching After The Oil Shock from simplywall.st/. By Sasha Jovanovic. 13. Title: ENVX Stock Soars at Yahoo: Is This the Next Big Environmental Investment?! From catalogo.cpal.edu.pe/. By CPAL. 14. Title: Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom from Zacks.com. By Nalak Das. 15. Title: 1 Growth Stock That's Pulled Back 39% and Looks Worth Buying Aggressively Right Now from theglobeandmail.com. By Sneha Nahata at fool.ca. 16. Title: 3 Green Energy Stocks to Buy in July from finance.yahoo.com. By Joel South. 17. Title: 2 AI Infrastructure Stocks That Could Outperform NVIDIA from zacks.com. By Tirthankar Chakraborty. 18. Title: ESG Investors: Why This Dividend ETF Is a Top Pick from ca.finance.yahoo.com. By Baystreet.ca. 19. Title: AI Infrastructure Will Mint More Millionaires Over the Next Decade: 3 Stocks to Buy Right Now from fool.com. By Leo Sun. 20. Title: AI Stocks Investment Strategy 2026: Top Picks & Market Analysis from intellectia.ai. By Jason Huang. 21. Title: 3 Climate Finance Stocks Linked To The World Bank Green Funding Push from simplywall.st. Reviewed by Sasha Jovanovic. 22. Title: BE vs. PLUG: Which Alternative Energy Stock Looks More Attractive? From zacks.com. By Tanuka De 23. Title: 4 High-Growth AI Infrastructure Stocks to Buy for Long-Term Gains from zacks.com. By Anirudha Bhagat. ------------------------------------------------------------- Ending Comment These are my top news stories with their stock and fund tips for this podcast, "July 2026 Sustainable Stock and ETF Picks." Please click the like and subscribe buttons wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And do click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these tumultuous times! Contact me if you have any questions. Thank you for listening. Again, I want to apologize for my voice sounding, at times, a little rough! My next podcast will be on August 28th. See you then. Bye for now. © 2025 Ron Robins, Investing for the Soul

This week on the Talking Wealth Podcast, Filip Tortevski and Pedro Banales explore the megatrends shaping the next decade of investing and what has changed. From shifting global dynamics to emerging opportunities, they reveal what investors should be watching now to stay one step ahead over the next 10 years.

This week on the Talking Wealth Podcast, Filip Tortevski and Pedro Banales explore the megatrends shaping the next decade of investing and what has changed. From shifting global dynamics to emerging opportunities, they reveal what investors should be watching now to stay one step ahead over the next 10 years.

In this episode, we cover CJ Hetherington's path from a self-taught teenager trading crypto in the UK's Lake District to Co-Founder and CEO of Limitless, one of the fastest-growing prediction market platforms built on Base. CJ walks through his early builds - a gamified NFT protocol, the Atlantis World metaverse — and how a chance conversation led him and his Ukrainian co-founder to raise crypto donations for humanitarian aid within hours of the full-scale invasion, eventually hosting a hackathon inside a bomb shelter with Vitalik Buterin. From there, he traces Limitless's founding in late 2023, why staying outside the Polymarket/Kalshi duopoly has been an advantage, the CFTC review process for US market entry, and why he sees institutional hedging — not sports betting — as the real endgame for prediction markets. We close on what Limitless saw in the data during the World Cup and CJ's read on where the broader crypto market is headed next.Sponsored by FirstRead — the AI-powered contract review tool built for lawyers who don't have time to read every clause twice. Use code BYNDTHECODE10 for 10% off at ⁠first-read.com/signup?ref=BEYOND2026⁠.

Matt and Bloomberg's Lucas Shaw put on their studio chief hats and conduct the first Future Blockbusters Draft. In Part 1, they draft five elements (director, actor, or IP) they believe will define the box office for the next 10 years (00:34). Matt finishes the show with a prediction about the Paramount–Warner Bros. merger (24:18). Host: Matt Belloni Guest: Lucas Shaw Producers: Craig Horlbeck, Jessie Lopez, and Stefano Sanchez Theme Song: Devon Renaldo This episode is brought to you by AMC+. Start your free trial today at join.amcplus.com This episode is brought to you by Accenture. https://Accenture.com/Spotify Tickets available at americancinematheque.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

The next decade of global dairy growth may look very different from the last one. For years, much of the world's additional milk came from pasture-based systems. New Zealand added acres. Production expanded across parts of South America, Australia and Europe. But those regions are not growing the way they once did. Today, the next unit of milk is increasingly coming from grain-fed systems. That shift could put the U.S. in the driver's seat for global dairy markets over the next 5 to 10 years. In this episode of The Milk Check, host Ted Jacoby III and the Jacoby team are joined by Scott Briggs of Bridgecape Commodities. We dive into: Why marginal milk growth is shifting from grass-fed to grain-fed systems What environmental policy and structural inefficiencies mean for European milk production Why China is shifting from building milk supply to creating higher-value dairy products Why the U.S. will need to become a more consistent exporter of butterfat Plus, beef income has helped support dairy farm margins and encouraged producers to breed more cows to beef. What happens if beef prices fall? The cows are ready. The plants are being built. What's next for U.S. dairy? Listen to The Milk Check episode 102: Who Wins the Next Decade of Milk Production? Also available on Amazon Music, Apple Podcasts, Spotify, and YouTube. Got questions? We'd love to hear them. Submit below, and we might answer it on the show. Ask The Milk Check Intro commercial [Text not included.] Ted Jacoby III: Coming up on the Milk Check. Ted Jacoby III: You’ve got the U.S. dairy industry now in a position where even the worst-case scenario continues to be a threat for Europe or the rest of the world from a milk supply standpoint. Ted Jacoby III: Welcome to the Milk Check from T.C. Jacoby & Co., your complete guide to dairy markets, from the milking parlor to the supermarket shelf. I’m Ted Jacoby. Let’s dive in. This week, we are excited to have Scott Briggs from Bridgecape Commodities joining us. Scott lives in Australia and really understands what’s going on with dairy markets on that side of the pond. Scott, thank you so much for joining us. We’re excited to have you. Why don’t we start by having you tell everybody a little bit about yourself? Scott Briggs: Thanks very much for the intro, Ted. I’m Scott Briggs, Bridgecape Commodities, based down in Melbourne, Australia and work with a number of Asian and Oceanic consumers to try and understand global dairy markets and try and help them risk manage. Thanks very much for the opportunity to be a part of the podcast. Ted Jacoby III: Scott, thanks for joining us. We’re really excited to have you. We’re gonna have a little bit of a debate: How do U.S. dairy production costs compare to those in New Zealand, Europe, and China today? Do we think the U.S. is building a lasting competitive advantage? And what does that mean for the global dairy market over the next five years? Scott, I’ll start with you. You’re based down under. Do you think the U.S. Is developing a competitive advantage, or do you think New Zealand will continue to be in the driver’s seat? Scott Briggs: It’s a very big topic Ted, but I think the short answer is that yeah, the U.S. is really in a great position to drive global dairy markets over the next 5 to 10 years. One of the major things that’s changed probably since about 2015, we’ve been in a transition period where the marginal milk growth is not coming from a grass-fed system anymore, it’s coming from a grain-fed system. Between 2000 when a lot of global dairy markets started to deregulate and we had falling trade controls and those sorts of things, quotas in the EU eventually coming off, between 2000 and 2015, the marginal milk growth was really coming from a grass-fed system, be it New Zealand growing the number of acres that it planted or the number of acres that it farmed. Places like Uruguay or southern Brazil or Argentina growing quite strongly and other parts of Europe and Australia as well. So that was the driver of the growth, and that’s why we saw that volatility in global dairy markets driving back towards a grass-fed cost of production. But since then, those places have stopped growing and really the next unit of growth or the next liter of growth comes from grains and ultimately that does mean that the U.S. is in a great position to respond to the milk production needs of the world. At the end of the day, you’ve got the greatest exportable surplus of grains and you’ve got a fantastic platform to grow from. That’s the 10,000-foot view of why the U.S. is in the box seat. Ted Jacoby III: You mentioned that even New Zealand is starting to go towards a grain-based system. Could you tell me a little bit more about that? Scott Briggs: I would say that’s pretty incipient, Ted, but there’s certainly steps that are being taken in New Zealand that seem to mirror what Australia’s been doing for probably the last five to 10 years. You have a marginal cost of production that is grain-fed and it’s being led by the U.S. At the moment, if we looked at the margins in the U.S. for a dairy farmer, they’re pretty good given your beef situation. But if you were to remove that beef situation or that beef revenue, you’re probably at a pretty low income over feed cost. But that’s still a highly profitable milk price for a grass-fed system. And a lot of the fixed costs are already being paid off, be it the farmer’s labor the equipment on the farm all of those overheads, they’re already being paid off by a pasture fed system. So, there’s a huge marginal return for that extra liter of milk that comes out of a pasture fed system. If you look at the steps that have occurred in Australia and that are probably starting to come to New Zealand, it is a lot more shared housing in wetter areas, feed pads, dry feed pads. It's certainly not moving to the barn fed system that the States has got. More multiple calvers, if you like, to flatten out that milk curve. A lot more maize silage production, which just stores that little bit better and gives you more dry matter per acre as well. It’s these kind of marginal steps which have occurred a lot in Australia or even in some of our more grass-fed areas, and that are starting to occur in New Zealand. And some of the incentives that are being given, market-wise, in New Zealand to produce that shoulder milk or that additional milk are starting to respond with additional investment on farm. Ted Jacoby III: So, is maybe another way to put it that core pasture-based part of New Zealand dairy farming continues to be very profitable, but any marginal increase in milk production that would come from New Zealand, the cost of that marginal increase is probably the same or more likely probably less than the same marginal increase in milk production in the U.S.? Scott Briggs: Look, I would say that the marginal cost of production out of the States is pretty good. If you think that you’ve already got all the infrastructure paid for and it’s really just an additional growth there. But I think it’s more so the profit margins that sit in a pasture-fed system in New Zealand allow for that investment to try and get that little bit of extra milk as well. So, I wouldn’t say either or are better placed. It’s just that we do have a lot of low-hanging fruit in Oceania, if you like, to start moving into that kind of system. Ted Jacoby III: That makes sense. That makes sense. Mike Brown (2): One thing I think about New Zealand and why the system is the way it has been historically has been your cost of concentrates or grains hasn’t always been as competitive. You lead world price in a lot of cases, and your location makes you very competitive. Your dairymen have more room to pay some of those higher costs for that marginal production. So my question is the strong world price has a fair amount to do, obviously , with everybody’s growth, but in your case when you look at that difference in marginal cost versus that pasture based cost, are you more sensitive to that marginal change in price than maybe some other markets just simply because your feed costs are higher? Scott Briggs: Let’s have a look at world milk prices at the moment. The U.S. at $17 a counterweight, if you like, $16.50, $17 a counterweight. That’s low on your range. On the New Zealand numbers, that’s coming out at a $9.50 dollars per kilo in New Zealand dollars, which is a historically pretty high milk price. So, they do have that ability to just bring in PKE exports. One of the major sources of additional feed or additional milk growth in New Zealand is this palm kernel expeller which comes off of the palm kernel crushing. It’s kinda like soybean meal, if you like that they bring in from Indonesia and other palm kernel or palm crushing countries. Fonterra had placed limits on that for a long period of time because it was affecting the fat composition of the milk. Once they removed those limits, PKE imports went up 20% or 30% almost in one or two years. The last two seasons, New Zealand milk growth has been about 4% or 5% this year, and probably 2% or 3% the year before, so 6 or 7%. Nearly a third to a half of that has come from the additional energy that’s coming in the PKE. So it’s having a huge marginal impact on their growth, and it’s coming at a pretty low cost ’cause it’s a low-cost feed source. So, I think, Mike, going back to your question, they have that ability to grow because there’s such a lot of low-hanging fruit between that grass-fed cost of production, which is already paying for their farm, and the milk price that they’re getting paid, which is actually a marginal cost of production out of the U.S. Mike Brown (2): What kind of world fat price might change their incentive on PKE? We’re seeing a little bit of that here because it’s very expensive here, and people look at their marginal return. It isn’t, of course, near what it was when fat was $2.50. Do you think, depending where that world market settles, will that change the incentive to use PKE? ‘Cause in our case, it’s fat production is the real gain that you get compared to other alternative rations we feed. Scott Briggs: I think it’s seen more as just a bulk source of feed and source of energy- to get the cow up early in the season, Mike, and peak it as high as possible, and then to keep going on the shoulder. It’s a milk solids game rather than a tweak the fat percentage game. At $9.50 they’ll be feeding it. Mike Brown (2): Yes. Scott Briggs: $9.50 a kilo of milk solids they’ll be feeding it. Mike Brown (2): Oh, yes. Yeah. I would be feeding it here, too. Yeah. At that price for sure. Yeah. Ted Jacoby III: My thoughts immediately go to Europe. The U.S. is well-positioned for growth. New Zealand is building off a very profitable base, which insulates them and puts them in a very good position of at least maintaining their position in the global market. Where does that put Europe? Scott Briggs: Europe is an interesting situation where realistically I think that they’re gonna struggle for the main drivers of additional milk production. They seem to be struggling to add any additional land at a reasonable cost, whether it be to the feed base or to the dairy base. That’s obviously being driven by environmental policy, which is very different in Europe than it is say in the U.S. or even Latin America. So I think that they’re gonna struggle at that policy level to be able to keep driving forward. The other thing that does sit within Europe is that we’re only 10 years removed from quota coming off, and so we’re still in that process of losing milk production where we should in the more marginal areas, or from the smaller farms, or from the more marginal land, and trying to drive it into places like Germany or the Netherlands. And so whenever you’ve got a core base of pretty uneconomic sticky milk, it takes a fairly heavy price response to drive change in those farms. So down at the lowish milk prices that we’ve got globally at the moment and I say, I’m happy to debate that point. I think we’re at pretty low milk prices on the range since the end of COVID, particularly with the low feed prices. Where we are at the bottom of the price range, you’re gonna still struggle to get some of these European guys out given the subsidies that they’ve got. But that also means you’re not driving efficiency back into the system. So it feels to me like Europe’s gonna really struggle to meet the global needs and be a quick mover like the States has been. Probably the call-out on that one to me would be Russia. They’ve got probably huge settings if they wanted Russia and the Stans to really grow into dairy production. But it’s not gonna be something that’s being done for the rest of the world. I think it’s gonna be getting done for their part of the world and for China. Ted Jacoby III: Speaking of Eastern Europe, do you think Poland still has a lot of room to grow as well? Scott Briggs: I wouldn’t know the specific micro settings of Poland. It does seem like they are growing pretty well. If you look at the investments that are going into some of the Stans, eventually Ukraine and some of the other parts of the former Eastern Bloc, if you like, it does seem like there’s a lot of investment in Belarus still. It does seem like there’s a lot of investment going in there to help feed parts of the world that longer-term probably aren’t gonna be getting fed by the U.S. Ted Jacoby III: That makes sense to me. With all these different factors, what about China? China’s in a pretty interesting spot from a milk production standpoint. They really increased their milk production three or four years ago, and then more or less stabilized it. Where is their cost of production and where does China go from here? Scott Briggs: Probably the first point to make is that we’ve all learned not to bet against China on dairy production in the last four or five years on milk production in particular. That’s been an incredible rise. And I think the second thing is that lesson to me is then, don’t bet against them and what they might be able to do with the quality of the product, and the investments that they’re making in manufacturing capacity now. There’s a huge push from China to value add, particularly on the protein side, and to then try and drive that down in sales into Southeast Asia and other parts of the world. They’ve obviously got a huge domestic market, but when it comes to starting to grow into things like processed cheese or fat exports or even micellar casein exports and MPC exports, that’s where I think that their next push is gonna be, is trying to move out anything that they don’t need domestically. So it’s not just gonna be bulk whole milk powder, which has been the story of the last two or three years. The structural issue that they’ve got is that their population versus their arable land is just huge. That’s a long-term limiter, if you like, for how much you can push into exports. Ultimately, as their productivity grows and their incomes grow, they’ll be consuming more dairy themselves. The steps that we’ve seen the last four or five years were really about shoring up domestic milk capability so that they weren’t a victim of world markets, and then now they’re trying to value add that milk. They’ve learned the lesson that you don’t grow milk but not grow factories, and they’ve learned the lesson that you don’t grow demand without growing milk. The policy now is, let’s do step changes as productivity rises to drive income rises. I think that they’re gonna be putting a push on certain functional products into Asia But I don’t think that they’re necessarily in a place to be the driver of global milk production because ultimately their cost of production, going back to where you started, Ted, is higher, and it’s structurally higher because of the fact that they just don’t have enough arable land for the population that they’ve got. Ted Jacoby III: But with China doing that and really trying to expand into value add and even trying to export, I gotta believe that’s causing Fonterra and the other New Zealand exporters to really shift their export strategy. What’s happening there? Scott Briggs: When you look at Fonterra, their stated strategy is to basically be a skim protein and fat company. They have recognized that the days of whole milk powder are limited. China went through a period where they went from 500,000 tons of imports pre-COVID to 800,000, and now they’re back down to 500,000 again. They’ve really gone through that boom and during that period, Fonterra’s basically said, “We need to move out of whole milk powder and move back into being a skim and fat company.” And when I say a skim and fat company, a skim protein and fat company. And so, we have seen them push 50 to 70,000 tons more skim into Southeast Asia. But what they’re now starting to do is to value add that skim, similar to what the U.S. is doing: putting on more ultrafiltration in front of dryers, ’cause that’s the highest marginal investment that you can do. Starting to do more MPCs, starting to do more value add on the fat side, as well. There’s been some huge investments in UHT cream which are gonna be going ahead or have already gone ahead and are being launched for this year, which draws fat away from butter and AMF. Overall, their stated strategy is to be a nutrition and food service company. Nutrition: protein-heavy products. Food service: fat-heavy products. And so they’re moving away from that whole milk powder. I think that the next stage for them is to try and drive those two sorts of products into Southeast Asia. Because China itself is already quite a big market for those sorts of products and is probably screaming out for, “How do we not use WPC and WPI?” ‘Cause that’s the highest priced protein in the world right now. So how do we move away from that? I think they’re also trying to help Southeast Asia grow protein as a category. Ted Jacoby III: But based on what you said of China’s strategy, it almost sounds like it means China and New Zealand are going head-to-head in that market in Southeast Asia. Scott Briggs: Yeah. Yeah. I think- And- And look, that’s a 5 to 10-year view. We’re already seeing traditional Fonterra markets or New Zealand markets, Open Country Dairy’s obviously nearly 20% of the market down there now, as well, and are making their own steps towards value-adding fat. So that’s always one to keep in mind. We’re certainly seeing a competition of powder flows and functional product flows from China, including fat, laminated fat, pastry butter, those sorts of things, coming into Southeast Asian markets that were traditionally New Zealand-dominated markets. Diego Carvallo: Going back to China’s milk production, a lot of rumors about a disease in the northwest of China hand, foot, and mouth. Very little information. We have several customers that have asked about it. Without going down the rabbit hole, is there any update in that regards? Scott Briggs: Super important if it were to be a big story. I think that the likelihood of it being a massive story is low at the moment from what I’ve seen at least. The key thing to watch for me in China is always the spot milk price. They’ve got a fantastic not that it’s particularly visible, but they do have a huge trade of liquid milk market between different zones and between companies in specific zones. It’s a little bit like your plus/minus to the Class III. So that spot milk price to me is always the one which tells you: are they having any problems? And it does seem to me like the containment strategy was quite effective early on. Lock down the zones, stop the movement of the cattle. So yeah, it doesn’t look like it, but, it’s a bit of a black box. Diego Carvallo: So, we don’t expect a long-term impact to their production as of right now? Scott Briggs: Not at this stage, but that could change tomorrow. Ted Jacoby III: Everybody, we will be right back after these messages. Diego Carvallo: I’m Diego Carballo with T.C. Jacoby & Co.. T.C. Jacoby & Co. specializes in international dairy markets. For new customers that haven’t done business with Jacoby, I would tell them that we can provide them with many of the powders, dairy products that they consume, not only with the physical product, but we can also help them mitigate their risk. We know dairy. We know the main players. We know the main providers for the whole value chain. We are one of the strongest players in the U.S. market because we have contact all the way from the farmer moving the liquid milk all the way to the end users that buy the end products. I am Diego Carballo with T.C. Jacoby & Co., and we bring dairy to the world. Ted Jacoby III: Josh, I’m gonna put you on the spot. Is the U.S. gonna continue to increase our exports? And if so, who do we increase those exports at the expense of? How is that gonna play out? Josh White: Yes. We’re going to absolutely continue to increase our exports. The most obvious area is where there’s gonna be a need, and that’s fat, at the moment. It’s pretty well-noted that we’ve invested heavily in cheese production, boy, if those new cheese process facilities are running at the moment, they’re happy to have a co-product in whey proteins. Things are looking pretty good at the moment. As a result of that, we’re assuming that anybody who can produce cheese or process cheese is trying to process just as much as they possibly can. As a result of that, it seems pretty eminent that the U.S. will continue to have available cheese for the global consumer. Now we’ll take a look at the protein side. One of the expected results of this protein movement in the U.S., and now again, I wanna clarify this movement because I think there’s a lot of chatter about GLP-1 being the main driver, and I would almost view that as just a catalyst and a reason why the U.S. market might be leading in protein consumption. ‘Cause if you look around the world, this is a health and wellness trend that is not exclusive to the United States, not exclusive to Europe. It’s happening everywhere. We receive inquiries from all over the world, including import regions, for protein. Given the limitation on whey protein availability, one would assume that we’re gonna see quite a migration to milk proteins, and Scott did a great job of alluding to that earlier. We’re finding different ways of concentrating protein and delivering it to the consumer. The result of that, fat’s going to come along with it. I’ve listened to Gus, Mike and the team talk fairly openly about the incredible improvements in components over the past several years from the U.S. dairymen. Scott alluded to component growth in other parts of the world as well. We’re going to have surplus fat, and there’s going to be extra fat beyond what the U.S. consumer can take in, and as a result of that, we’re going to be hungry to capture market share in the global market. Now, you ask, “At whose expense?” And that’s a loaded question in some ways because I think there’s two things going on. I also think fat consumption globally is increasing, maybe not at the rate protein is and maybe not as popular right now, but if you look, ever since the early 2000s when we made this paradigm shift in the U.S. to moving away from the old food pyramid model and moving into this clean label, healthy consumable products, fat no longer was the enemy, and it seems like ever since that happened, the world has also agreed, and we’ve continued to see more clean label dairy fat being consumed per capita globally. So, two things will happen. One is the U.S., we’re in position to grow our milk production more quickly than anywhere else in the world. We have the infrastructure, currently, we have the economics to do that, and we might outpace that fat consumption growth globally. Which means then, yes, we will have to capture some market share. And from who? It, it’s either going to be Europe or Oceania, and I think that’s a seasonal thing. I don’t know that I would point to either single market as being the loser in that, other than that the dairy support and economic situation and the outlook for dairy growth in Europe seems to have more headwinds than the rest of the world. One would assume that they’re a bit more vulnerable, right now, to the U.S. capturing market share. Ted Jacoby III: Joe, what about fat? Joe Maixner: Josh summed it up pretty clearly. We’re going to have to continue to be a net exporter of fat. We’re gonna continue to add fat into our system with all of these high protein demand and these components that just continue to creep higher and higher. We’re not going to consume everything that we can supply. We will have to be a net exporter of fat moving forward until either the supply structurally shifts or we find a different way to utilize it. I agree with Josh and Scott that it’s going to be seasonal dependent on whose expense it comes at because I think that our fat market, our butter market specifically, is going the direction that cheese has gone over the past 15 years, where it becomes almost a cyclical market. We’ll be really competitive, we’ll get a lot of exports on the books, we’ll clean up our inventories, and then our pricing will spike, we will not be competitive on exports for a while, which will develop this surplus of domestic inventory and force us to depress pricing again and go back into the export markets. Josh White: We have a U.S. bias obviously, as we’re looking at the world. The one limitation to U.S. capturing fat market share is the reputation of U.S. fat being quite a bit different. Our commodity butter is an 80% salted butter. Our packaging is different. The visual appearance of our product is different. The flavor profile of our product is a bit different. Up until now, the opportunity for us to capture market share has happened largely in the processing sector as an ingredient to make something else. As of late, we’re starting to realize a little bit more of a win in, say, food service applications in developing markets and other things. From your perspective, how close is the U.S. to penetrating into the food service or retail business in import regions for butterfat? Scott Briggs: Yeah. It’s a good question. I think there’s two parts to that answer. The first is that you break down trade barriers slowly, but it happens. It’s been happening since the start of trade, right?  You know, I do think that there’s the ability to continue educating the consumer to get them comfortable with the product, the appearance of the product. I think I said that to Joe once: U.S. butter, it’s not terrible. It’s a great tagline. But I’m not a marketing guy. It will continue to gain acceptance, I think, Josh. I think the second thing to recognize is that with Fonterra, so New Zealand, trying to put so much fat into food service applications, I think for the point of educating, as you say, what does that mean in Asia and China? It’s not necessarily just butter. UHT cream is just this massive category which keeps on growing in Asia. Asia’s not this singular thing. Like they’re all sub-markets. But as a generalization, bakery is huge through a lot of Southeast Asia China itself. If you travel there, it’s cakes, it’s pastries, it’s a hell of a lot of really nice product. It’s seen as a luxury good if you like and through the supermarkets and convenience stores and everything like that. That’s a huge sector which needs a more functional application. There’s a lot of growth in there. That’s actually leaving behind ingredient markets for U.S. fat, whether that be in Australia or whether that be into Southeast Asia or the Middle East. So that is actually to me, probably the lowest hanging fruit, and it’s what you’ve already seen. So it’s not like you need to necessarily change the spec immediately to go for these applications. It can be just as easily going for what’s been left behind by New Zealand. Just one point that I’d make about whose market share is the U.S. gonna take on certain products? The European milk growth in late last year really does mask the fact that we probably still need U.S. butterfat exports to balance the world market. If you were to take the 100,000 excess tons that Europe made in the second half of last year out of the market, say that was unsustainable milk growth for a period of time, once we eat through that stock, we’ve taken a lot of the U.S. growth, if you like. We’ve absorbed a lot of that growth in what you’ve made, and we needed it. So I do think that we’re going through a process of still eating through those European stocks overall, and that glut that we had, which was driven by two years of fantastically high milk prices. But once we get through that, the global consumer is buying $5,000 butter, and they’re buying $3,000 skim. And that is a price level that’s comfortable in a lot of the world. Mideast is obviously going through a few lumps right now, so we may have some problems on demand in the next six months. But once we get through that and, hopefully the conflict there is over and they return to some kind of growth, we do get to a position where we probably need U.S. fat in the world market. Mike, you made the comment about how well the U.S. farmer is now not feeding for fat, and it does seem like some of that fat component growth at least is slowing. Do you see responsiveness to fat prices significantly, and how can that change the U.S. fat balance of being a reliable or necessary exporter? Mike Brown (2): As far as producer decisions, I’ve had some conversations, particularly with cheese plants, who are seeing some changes and talking with their producers. And some are making some adjustment to ration changing sources, and what those sources are finding is what we’re seeing in the milk supply, protein remains relatively strong and still grows. Fat has slowed down a bit, and most of it is PKE. That seems to be the change. Talking with producers, I had a good conversation, actually, last fall with a very high producing Jersey herd who said that if fat gets below about $1.70, it doesn’t really make sense for him to feed PKE anymore because he isn’t getting enough return from it. I think there’s probably some doing that. Is it broad? I think when the U.S. cows are milking so well, they’re reluctant to make a lot of ration changes that might slow things down. But we’re seeing somewhat on the margin. Will it solve the problem? No, because it’s genetics. It’s the genomics, our selection for fat. There’s so much variability in fat genetics within cattle, particularly Holsteins, that they’ve been able to make huge progress, and of course that’s permanent. So I expect that fat will continue to stay high. So, will we see some moderate fluctuations from time to time? Sure. That market will, I think, have some effect, particularly since they’ve gotten so high. Will our trend change? No. We’ll continue to improve in fat and in protein with time just because genetic selection in the U.S., particularly with sexed semen and genomics, has just gotten so intense that I don’t see that changing. The rate of gain will slow because the base population is higher versus the sires that are being used, but that will continue. We may slow down. We’re not gonna turn around and go the other way. Ted Jacoby III: Awesome. Thanks, Mike. Jacob Menge: I was gonna stir the pot a bit and almost take the other side by saying I have a degree in economics, so I succumb to liking to pretend that free trade is how everything works in the world. And it doesn’t. And I think we’re pretty clearly going down this path of almost a bifurcated world of trade relationships. And I really think it would be a mistake to ignore that moving forward, especially with Russia potentially being able to supply China in the future. We’re almost taking for granted that everyone is gonna buy from the most efficient producer in the world, and we’re really going into this kind of tumultuous geopolitical landscape that it feels like we’re probably ignoring. I don’t think that changes the fact that the U.S. is still gonna have to export. We’re producing more than we’re gonna consume. We’re not gonna let the product rot. We’re probably not gonna shut down all these nice facilities we just built. But it does make me question what price we are going to be getting when we go to export the products. What happens to the basis on those export sales? There’s a big geopolitical issue when it comes to a lot of the analysis we’ve just been doing. Scott Briggs: How much of the cake is baked? How much growth are we guaranteed to see on U.S. milk supply in the next two to three years, and cheese supply, just as a function of these investments that have already been made? How much of the world trade has already bifurcated? China’s getting it from New Zealand. Okay, that could break. I could see that breaking. I could see the Middle East possibly breaking, like you’re already seeing Iran getting certain product from Belarus or you already seen China get part of it. So there could be massive breakages in there, you’re right. The challenge is if we were to stop trading between Russia, the ‘Stans, and China, if that became one zone and we all became the other zone, like the two biggest linkages are the Middle East and New Zealand, and you probably do flood the market if you were to stop that. Who would get hurt in that scenario? It’s probably Europe. It’s Gonna be a race to the bottom to try and kill some of the highest cost milk production. Yeah, how much of the cake is baked? Ted Jacoby III: I would say it is pretty baked. But I think of it more in terms of between the current trends we’re seeing and how sticky we suspect they are from a breeding-to-beef standpoint, specifically cattle supply, beef cattle supply, and being able to continue to supply the beef market with beef, I think we’re gonna continue to see some really good returns to dairy farmers breeding to beef, which means they are going to resist and be pretty resistant even when the milk price is low to reducing the number of cows in the U.S. That’s number one. That puts in a really hard floor. In addition to that, those dairy farmers, especially the really big ones, are making really good money when you add the beef income on top of the milk income, and they’re looking to continue to expand as a result. So, in terms of the capacity that’s already added, they’re gonna fill it up. In terms of the additional capacity, which, let’s just put it this way: Over the last two to three years, we’ve had a lot of new capacity. Over the next couple of years, we will continue to have additional capacity added, but at a lower rate than what we just saw, but it’s all gonna get filled up. I don’t think we’re gonna have a problem over the next three to five years filling the capacity that we build because I think that the income situation for the dairy farmer in the U.S., it’s just in a really good spot. Even if you take, what’s our worst-case scenario from a milk revenue standpoint? Whey protein prices collapse. We produce so much milk that butter prices stay low, nonfat prices stay low, cheese prices stay low. All that means is we’re just gonna be that much more competitive in the global market, and I think our overproduction is probably gonna hurt Europe more than it’s actually gonna hurt the U.S. Josh White: I’ll just maybe add to it that, the most obvious way that the U.S. has invested is to add a lot of cheese processing capacity over the past few years, massive investments. People are well aware of it. But the aggregate of all of the incremental expansions and all of that has been really significant as well. It feels almost imminent right now that we were already investing in dairy growth before the beef on farm income reached a level that it’s at today, and it just doesn’t feel like that’s going to change any time in the near future. And as a result of that, it only maintains or accelerates that desire to make more milk. We were having conversations 24 months ago about how would we have the heifers to grow the herd? How would we do this? We found a way to grow the herd. The component growth outperformed expectations, and it’s only been more consistently profitable because the revenue stream’s been spread across more things. So we’re gonna have milk, and if we’re gonna have milk, we’re going to figure out a way to process that milk. And so far, there must have been some really good foresight to do that and build all of this cheese processing capacity to absorb it up till now, and we’ve got a little runway left to continue to fill them up. But there’s conversations at every major place about how do we extend our put-through and extend our yield by shipping more condensed skim, by processing more UF milk products, by… I can go on and on. I don’t know if it’s exactly what you were asking, but are we done in investing in our ability to process more milk? I don’t believe so. The next move had to have already been thought about and has to be under construction. We’re years out from the one after that. I think there’s plenty that are thinking about the next move. Mike Brown (2): It’s kinda like the beef has created this amazing revenue stream for dairy producers in the U.S., and our use of sexed semen and beef selection has just improved that. Same with whey proteins and plant profitability. With these very high whey protein isolate and whey protein concentrate prices, even at a 70-cent whey market, your margins on your whey proteins are very high, which gives those plants a little more room to grow. But I think the other part is: we’ve always talked about growth in cheese, the milk proteins are growing, too, and as whey protein prices get higher, manufacturers and product developers are figuring out ways to use lower-priced dairy protein alternatives, and that market’s gonna grow as well. How much milk do we have left to dry into whey? How much milk are we gonna have left to dry into powder if those markets continue to grow? We don’t think they’re done yet. We think that growth is there. Will these prices stay where they are forever? Probably not, but the demand seems to be continuing to grow. Part of it isn’t will we grow our plants, it’s also what will we be making in those plants? Are we gonna be making more focus on other protein products than just cheese? Ted Jacoby III: I think one of the most ironic things about milk production in the U.S. right now is the fact that the biggest danger, the thing that would hurt the dairy farmer the most right now, is actually not milk cost. It’s beef price. What would happen if the beef price collapses to the point where breeding the beef is no longer profitable? We’re going to double the amount of dairy heifers we start producing. You know how that plays out? That plays out by, right now the number of lactations out of a cow has gone from two to three to four, which is decreasing the rate of increase of the components in the milk because you’re turning over a smaller percentage of your herd every year. All you’re gonna do is speed that up. So maybe our milk production plateaus or even drops a little bit, but the components in the milk increase will speed up as a result. You’ve got the U.S. dairy industry now in a position where even the worst-case scenario continues to be a threat for Europe or the rest of the world from a milk supply standpoint. Mike Brown (2): We look at the percentage of milk in the U.S. that is now produced by these extremely efficient, very well-managed, very well-leveraged herds, and so our susceptibility is less. It’s kinda like we’re going through a heat wave right now, Scott, and everybody says, “What’s that gonna do to milk?” A whole lot less than it used to because of the controlled environments of our modern barns. We’ve done a lot and kinda like I think in a lot of industries, we’ve had some good profitability, people have made investments for the long term. And when you make big investments for the long term, you don’t usually turn around. You’re committed to being in the business. I think the biggest thing for us, in my mind, is for years we’ve been looking at the whey and dry milk markets, exports are a huge part of those sales. Cheese is growing, and we’ve reached a point with cheese where those export sales are becoming more and more important, and so how do we sustain them over time? What do we need to do? I think a good example, Joe’s been working a lot with our opportunities in butter over the last few years and working with folks that we work with and what do I need to make to take best advantage of those export markets? We’ll continue to do that as well. We’re just thinking a lot more world demand than just, “I need to make a 40-pound block of cheddar and who will buy it?” We’re trying to think a little harder than that now. Scott Briggs: Mike, you touched on if we’d had the milk production growth that we’ve had in the last two years 10 years ago, we would’ve wiped out certain pieces of milk production around the world. The market would not have absorbed that level of additional product. Now, we certainly had a period in October, November, December last year, where things got uneconomic in certain part of the world, and we didn’t last. Because ultimately, the demand shone through and, having listened to the podcast, protein demand and that protein story is a huge part of that in the States. That, to me, is a trend that’s really only beginning around a lot of the other parts of the world. It can go underestimated from your side of the world. You guys are the vanguard in that. You’re the leaders in it. You’ve got the category. China’s got a great category in this area and is making some huge investments in it. But, we’ve just seen here in Australia and in Southeast Asia some massive investments from European companies into cottage cheese, into ready-to-drink categories with the principal idea of exporting them to Asia. And, that growth model into developing markets is always put a high price product in there that’s branded from a developed market, and then grow the category with the local champion. You get an imported product, it looks sexy and it looks great, and it’s like a luxury product, and then you grow the category by producing a lower price point product to try and then get the local population really going for it. And so that’s just started. The other thing that’s really hot in different parts of Asia is, funnily enough, processed cheese for food service. It’s a really quickly growing category. It’s a category that gets a lot of interest. We’ve spent a lot of time on the point of does the U.S. have a competitive advantage for supply, in this kind of changing world. I think one of the biggest pieces of competitive advantage that the States has is its ability to grow an export pathway. It’s a mindset; it’s a trade infrastructure, as well, with government relations and everything like that allows you to grow into world markets in a way that probably a lot of other places don’t have. If we’ve got a growing demand, and I made this point before, we might see a few lumps here, mainly because of the Middle East, right? The Middle East looks a little bit overbought, looks a little bit quiet. Southeast Asia’s having a few little hiccups with changes in Indonesia and some of their currency devaluation, like these sort of short-term issues. But longer term, it’s very comfortable for a Southeast Asian consumer buying $2,800 to $3,200 skim and $5,000 butter. These are price points that work now, which never worked before, that’s the growth price point now. I do think that we’re going to have a situation where the world market is gonna be the next engine for some of the growth in protein demand and fat demand as well. Tristan Suellentrop: Scott, being based in Australia, I’d be interested to hear your perspective on the potential super El Niño that was confirmed this week. How does that factor into your outlook for dairy production in Oceania over the next year or two? And how concerned should producers in Australia and New Zealand be if it develops as forecasted? Scott Briggs: So it’s a very detailed topic. The El Niño indicator that everybody looks at is the Southern Oscillation Index, which is screaming El Niño at the moment. The reality is that what impacts Australia and New Zealand is not just the El Niño. It can be a major impact, but we’ve also had years where it has had no impact, and probably even at a similar level of El Niño indicator. And the reason for that is the El Niño obviously talks about what’s happening out in between South America and Asia, so that pressure, but our weather system, particularly in our dairy regions, is just as impacted by how much moisture is exiting Antarctica and moving north, into the southern parts of Australia, which are our heavy dairy regions, and also into New Zealand. The other weather system that impacts our dairy production during spring and our moisture levels is how much tropical cyclone activity is actually exiting the Pacific Islands and moving down into the North Island of New Zealand, which really doesn’t have a lot to do with El Niño either. The key point is that, right now El Niño, yeah, it’s a real phenomenon, but it’s not the only thing that’s gonna impact Oceania. when you look back at the history, which we have, some years it’s a really important thing, and other years you can have a fantastic spring in what seems to be an El Niño year. The other point that I’d make is that we have fantastic moisture right now. We’re getting huge rainfalls through Australia particularly, but also in New Zealand, which are really recharging things over winter. Economics would also mean that we’ve all got a fair bit of silage buffered away from the last 12 months of good weather. So I don’t think, at this stage, we’re seeing anything that’s like a huge impact on Oceanic dairy, but it’s very early. The thing that we’re all gonna need to watch out for is how much does it rain, particularly in New Zealand in December. New Zealand in December, January, that’s really when we have to start looking at what might happen. Ted Jacoby III: Cool. All right. Scott, this was a fantastic discussion. Thank you so much for joining us. Really appreciate your insight and your expertise in what’s going on the other side of the pond. Thank you.  Thank you. Lockhart, thank you very much. Cheers, guys. Next time on The Milk Check. Will Loux: The U.S. exports as we go forward here over the next few years is at a crossroad. Do we swing back to balancing to milk fat, which would mean we’re probably short of protein? Or do we start balancing to protein, which means we’re gonna need to find homes for a heck of a lot more cheese and butter. Ted Jacoby III: Join us and our special guest, Will Loux from the U.S. Dairy Export Council as we discuss the future of U.S. dairy exports. Ending commercial: The best part of my job is working directly with cheesemakers and helping their businesses run better because they make wonderful, great products. Anything we can do to make them more successful not only helps them, but helps Jacoby. We look at how milk flows through their plant, what their real cost of products are, so when they’re making marketing decisions, making new investments, particularly on whey processing, they have a benchmark to use to determine what opportunities they have and what the returns would be. Whey has become so valuable with these high-protein markets. There’s added value that they can get by just condensing it, and maybe moving further down the supply chain in the longer term, making products themselves. My role is to help them cost that so they have a better understanding of what the opportunities can be. Longer term, we expect the whey protein market to remain very valuable. For one part of the supply chain to be successful, everyone has to be, and part of my role is trying to help people be as competitive as they can possibly be. My superpower is practical application of data and analysis. I believe firmly that Jacoby’s success is because we help our suppliers and our buyers be successful. I’m Mike Brown, and I love working for T.C. Jacoby & Co. because I get to help people make their businesses more successful.

Yonatan (Yoni) Schmidt is the Regional Vice President of Sales and Marketing at Keyrenter Property Management, which has offices in Tulsa, Oklahoma City, and Arkansas. After working as a financial analyst at a private equity firm, he founded Tulsa Property Lad to offer clients a better way to buy, sell, manage, and invest in real estate. Yoni provides comprehensive Oklahoma real estate services and listings, supported by first-class customer service. In this episode… Technology, rising costs, and changing regulations are reshaping property management. What practices will help operators stay competitive over the next decade? Yonatan (Yoni) Schmidt, a property management leader and real estate investor, believes the strongest operators will combine technology with disciplined, people-focused service. His approach emphasizes rigorous tenant screening, human oversight of AI-driven processes, preventive maintenance, and careful compliance management. Yoni also recommends prioritizing tenant retention over small rent increases and maintaining conservative reserves for rising repair costs. Together, these strategies help protect owners, improve resident experiences, and create more resilient property management businesses. In this episode of The Same Day Podcast, Chad Franzen of Rise25 chats with Yonatan (Yoni) Schmidt, Regional VP of Sales and Marketing at Keyrenter Property Management, about the trends shaping property management's next decade. Yoni explores AI adoption, stronger compliance practices, and preventive maintenance. He also touches on tenant screening, retention, and conservative budgeting.

Anytime I get to sit across from someone who works with energy and the spiritual world at this level, I go straight for the question I most want answered: how does alcohol affect spiritual insights? Dallisa is a psychic medium, intuition teacher, and founder of Spirit and Spark, and her answer to that question gave me chills.  Her explanation is straightforward: everything vibrates at a frequency, and in order to access higher dimensions, your spirit guides, your intuition, or source energy, your own frequency needs to be elevated. Alcohol lowers it. This aligns with what I've heard from shamans and from researchers studying the neuroscience of alcohol and brain connectivity: when the different regions of your brain stop communicating, you lose access to the biggest guide you have, your own inner knowing. We go from there into how Dallisa's abilities opened almost overnight in 2015, why she believes everyone has psychic capacity and what spirit has been downloading to her about the next decade of global change, including what disruptions are coming for education, healthcare, careers, AI, and what's coming for the coasts of North America. We also get into astrology, specifically the North Node, which Dallisa describes as the northern star your soul aimed at in this lifetime, the clue to what you actually came here to do. She pulled mine live in this episode and I was immediately taking notes.   IN THIS EPISODE:  Why alcohol lowers your frequency and blocks your ability to access intuition and spiritual connection How Dallisa's psychic abilities opened overnight in 2015 through a message from a friend's recently deceased aunt Why she believes everyone has psychic ability and what you can start doing today to develop yours What spirit has been channeling about disruption in the coming decade, education, healthcare, careers, and the early 2030s The North Node in your astrological chart and why it might be the most useful thing to look at if you're questioning your purpose right now What Dallisa pulled for my North Node live in this episode   Find Dallisa at spiritandspark.com, with a free gift waiting for you there. Join over 20,000 souls who tune into weekly newsletters on the competitive advantage you get alcohol-free. Get on the Euphoric newsletter. Apply to be our next Thought Leader to master premium selling and thought leader positioning to publish your book and deliver your keynote onstage.  Euphoric the Club is the premier space to lose the desire for alcohol as you surround yourself with successful women who don't drink (and the women who are becoming them). Euphoric the Club includes full access to all of my alcohol-free programs to make alcohol meaningless as your dreams take center stage.  If you know you're meant to help other people change their relationship with alcohol and create a profitable online brand, be sure to get on the waitlist for the Empowered AF Coach 5x Certification – and get 5x certified as a world class alcohol-free empowerment coach, subconscious change coach, success coach, NLP practitioner, and hypnosis practitioner and implement our 0 to $100k Coach Method™ as your build a profitable brand.  Profiling successful people who don't drink and where the alcohol-free lifestyle and entrepreneurship collide. Subscribe to the Euphoric AF YouTube channel. Read Euphoric: my HarperCollins bestseller on losing the desire for alcohol while getting high on your dream life. Be sure to get your copy of Euphoric: Ditch Alcohol and Gain a Happier, More Confident You today or grab your free chapter here.  Follow @euphoric.af on Instagram.  Please do rate, review, and subscribe so we can continue spreading our message far and wide!

Schedule a Free Financial Assessment with an experienced professional:https://bit.ly/YMYWassessCJoe Anderson, CFP® and Big Al Clopine, CPA spitball for three people planning for early retirement and wondering, can I really pull this off? How much risk can you take, and how much do you really need to? That's today on Your Money, Your Wealth® podcast 588. Dr. Kickass Seabass and his wife are both 41 and they got a late start on savings. Can they still hit FIRE - that is, financial independence, retire early - by 55? Get your salt shakers ready. Aang and Katara have military pensions and a big thrift savings plan. Should they invest it aggressively or play it safe over the next decade? Finally, Steph has a mandatory retirement at 56 but wants out even sooner, at age 50… if his wife Ayesha doesn't kill him first for quitting seven years before her.Free Financial Resources in This Episode: https://bit.ly/ymyw-588 (full show notes & episode transcript)Retirement Income Strategies Guide - free download: https://purefinancial.com/white-papers/retirement-income-strategies/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-retirement-income-strategies&utm_content=ymyw-pod-ep588-description-whitepaperFinancial Planning at Every Age: Retirement Planning for Millennials, Gen-X & Baby Boomers - YMYW TV: https://purefinancial.com/ymyw/episodes/financial-planning-at-every-age-retirement-planning-millennials-gen-x-baby-boomers/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep588-description-tv-s10e7Retirement Readiness Guide - free download: https://purefinancial.com/white-papers/retirement-readiness-guide/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-retirement-readiness-guide&utm_content=ymyw-pod-ep588-description-whitepaperFinancial Blueprint (free, self-guided):https://bit.ly/YMYWblueprintCREQUEST your Retirement Spitball Analysis:https://bit.ly/YMYWaskCDOWNLOAD more free guides:https://bit.ly/YMYWguidesCREAD financial blogs:https://bit.ly/YMYWblogCWATCH educational videos:https://bit.ly/YMYWvidsCSUBSCRIBE to the YMYW Newsletter:https://bit.ly/YMYWnewsletterCConnect With Us:Subscribe on YouTube and join the conversation in the comments:https://bit.ly/YMYW-YTSubscribe or follow YMYW in your favorite podcast app:https://lnk.to/ymywLeave your honest reviews and ratings in Apple Podcasts:https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254Chapters: 00:00 - Intro: This Week on the YMYW Podcast01:00 - High-Earning Doc With a Late Start: Can I Actually FIRE at 55? (Kickass Seabass, NJ)13:39 - Military Pension + TSP: How Aggressive Should We Stay for the Next Decade? (Aang & Katara, VA)25:10 - Mandatory Retirement at 56, But Can I Punch at 50? (Steph & Ayesha, SF Bay Area)46:54 - Outro: Next Week on the YMYW Podcast

In this episode, Manav Sevak, CEO, Novitas Holdings, Venkat Mocherla, Founder of Midstream, and Malinka Walaliyadde, CEO, AKASA, discuss how artificial intelligence is transforming healthcare operations, revenue cycle, patient navigation, and clinical decision-making.

In this episode, Manav Sevak, CEO, Novitas Holdings, Venkat Mocherla, Founder of Midstream, and Malinka Walaliyadde, CEO, AKASA, discuss how artificial intelligence is transforming healthcare operations, revenue cycle, patient navigation, and clinical decision-making. They explore why health systems should focus on high impact AI initiatives, rethink enterprise adoption, and prepare for a future where AI drives both operational efficiency and a better patient experience.

In this episode, Manav Sevak, CEO, Novitas Holdings, Venkat Mocherla, Founder of Midstream, and Malinka Walaliyadde, CEO, AKASA, discuss how artificial intelligence is transforming healthcare operations, revenue cycle, patient navigation, and clinical decision-making.

After announcing its best Mainstage Series yet, The Marathon Center for the Performing Arts is launching its Vision 2035 strategic plan to guide the next decade of growth (at 12:50) --- Ready for a road trip? Bring your appetite, because award-winning travel writer and Buckeye native Brandy Gleason tells where to find the most ''Unique Eats and Eateries of Ohio'' (at 23:56) --- The final countdown is on to America's Semiquincentennial... We have What You Need for a celebration worthy of a 250th birthday (at 40:23)

 In this episode of Onc Now, Stephen Chan, Clinical Professor in the Department of Clinical Oncology at The Chinese University of Hong Kong, explores the evolving landscape of hepatobiliary and pancreatic cancers. From advances in translational science and precision therapies to the challenges of neuroendocrine tumour care, Chan reflects on the progress made in oncology and the breakthroughs still needed. He also discusses his work with the Hand-in-Hand Cancer Foundation, highlighting the importance of education, compassion, and holistic support for patients and their families.  Timestamps:    00:00 – Introduction    01:18 - Current Hepatobiliary and Pancreatic Landscape   03:23 - Translational Science and Patient Outcomes   05:06 - Founding the Hand-in-Hand Cancer Foundation   06:53 - Advances in Precision Cancer Therapies   08:54 – Rising Incidence of Pancreatic Cancer Post COVID-19  10:45 - President of the International Liver Cancer Association  12:46 - Challenges in Neuroendocrine Tumour Care   14:32 - Future Breakthroughs in Cancer Care   16:02 - Three Wishes for Oncology's Future 

What does managing $600 billion teach you about risk that most investors never learn?Jeffrey Blazek, Co-CIO of Multi-Asset at Neuberger Berman, joins Prashant on VC10X to challenge the assumptions that have quietly shaped — and quietly undermined — institutional portfolios for a generation. From the macro shift that is more permanently broken than rates or geopolitics, to the asset class generating 10 to 15 percent returns with zero correlation to equities, to whether AI is the internet bubble all over again — this is one of the most substantive allocator conversations we have had on the show.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comIn this episode:— Why deglobalization is the one macro assumption that will not reverse— The difference between short-term volatility risk and the purchasing power risk that actually destroys portfolios— Why bonds have failed as a diversifier and what replaces them— Catastrophe bonds: the non-consensus case for an asset class most institutions will not touch— The $1B to $10B institutional sweet spot and why scale is not always an advantage— AI investment: real conviction, real concentration risk, and the winner-take-most bear case— What the private markets miscalibration of the last decade means for LP portfolios today— The off-script manager due diligence technique that separates process from performance— Career risk as the hidden driver of institutional conservatism— Where rates are headed and why the old fixed income playbook is goneJeffrey Blazek is Co-CIO of Multi-Asset at Neuberger Berman, a $600B global asset management firm with over 700 investment professionals across 30+ offices worldwide.Links:Neuberger - https://www.nb.com/Jeffrey on LinkedIn: https://www.linkedin.com/in/jeffrey-blazek-cfa-a0a57212Connect with Prashant: https://linkedin.com/in/choubeysahabSubscribe to VC10X newsletter - ⁠https://vc10x.beehiiv.com⁠Subscribe on YouTube - ⁠https://youtube.com/@VC10X ⁠Subscribe on Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠Subscribe on Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠VC10X website - ⁠https://vc10x.comTimestamps:(00:00) - Preview(01:39) - Introduction to Jeffrey Blazek(03:16) - Which Macro Assumptions Are Permanently Broken Today?(05:03) - Key Drivers of Long-Term Returns Most Investors Underestimate(06:24) - Coaching Clients to Embrace Appropriate Equity Exposure(07:55) - What Real Diversification Looks Like in Practice(09:51) - How Portfolio Construction Changes as Institutions Scale(11:55) - Should Investors Change Their Approach to Equity Markets Now?(13:31) - Evaluating a New Asset Class for Permanent Allocation(15:16) - AI: A Genuine Secular Shift or a Narrative-Driven Boom?(17:26) - The Bear Case for AI: Commoditization and Concentration Risk(19:30) - Uncovering a Non-Consensus Asset Class: Catastrophe Bonds(21:09) - Common Mistakes LPs Make in Private Market Allocations(22:58) - The Key to Effective Investment Manager Selection(24:25) - Analyzing Past Portfolio Mistakes: Errors of Analysis vs. Behavior(26:24) - The Gap Between Institutional Goals and Portfolio Realities(27:38) - What Drives Over-Conservatism in Institutional Investing?(29:15) - How Investment Needs Differ Across Institutions (Hospitals vs. Endowments)(31:38) - Advising Family Capital: Avoiding Common Mistakes(33:43) - Career Lessons Learned from Navigating Market Crises(36:01) - The Most Misunderstood Risk of the 2020s(37:22) - Is the AI Boom a Repeat of the Dot-Com Bubble?(38:15) - The Three Most Important Bets for the Next Decade(40:00) - Outlook on the Future Interest Rate Environment(41:19) - Where to Find Jeffrey Blazek and Neuberger Berman

What if the most valuable skill of the next decade isn't content creation, AI, or automation? What if it's community building? In this episode of Social Media Decoded, Michelle Thames explores why community builders are uniquely positioned to thrive in a world increasingly shaped by artificial intelligence, automation, and digital connection. While technology continues to evolve, one thing remains true: people still crave belonging, trust, relationships, and meaningful human connection. Michelle shares what she's learning through building Coffee & Connections, community walks, curated dinner experiences, The Collective, and her upcoming Connected & Paid event. She explains why the future belongs to those who know how to bring people together and why relationship capital may become one of the most valuable assets you can build. If you're a creator, entrepreneur, leader, or business owner looking to build something that lasts, this episode is for you. In this episode, you'll learn: • Why AI and automation are increasing the value of human connection • The growing loneliness epidemic and what it means for business • The difference between building an audience and building a community • Why relationship capital matters more than ever • Lessons from Coffee & Connections, The Walk, and The Dinner Series • How community creates opportunities that content alone cannot • Why community leaders are becoming the most influential people in business Key Quote: “Community leaders are the new influencers.” Connect with Michelle: Instagram: @MichelleLThames DM the word COMMUNITY to continue the conversation. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What does it mean to enter the final third of life with intention? In this reflective episode, Gem shares about a personal season of reset as she approaches sixty. Through the lens of Christian spiritual formation, she explores four guiding words for her next decade: freedom, meaningful work, rest, and fruitfulness. Together we consider how to navigate midlife transitions, how to embrace aging with hope rather than fear, and how to cooperate with the inward renewal described in 2 Corinthians 4. This episode offers practical action steps for those seeking spiritual growth, clarity, and a more unhurried life in their next season. _________________________________________ Connect with Gem on Instagram and learn more on the Unhurried Living website and her new book, Hold That Thought: Sorting Through the Voices in Our Heads Learn about PACE: Certificate in Leadership and Soul Care Discover more Christian podcasts at lifeaudio.com and inquire about advertising opportunities at lifeaudio.com/contact-us.

The Long View: Building a Health Organization Ready for the Next Decade of AI What does it take to build a health organization that will still be running on a strong digital and AI foundation in five years, ten years, or twenty? In this closing conversation, John Henderson, Vice President and Chief Information and Digital Officer at Rady Children's Health, takes the long view. Drawing on his work leading the digital integration of CHOC into Rady Children's Health, launching private generative AI platforms to support clinical and administrative work, and building an AI-ready data infrastructure that reaches beyond the EHR, John shares what it actually takes to align your organization around a multi-year digital vision. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen/

For most of my career, technology felt predictable. A new software platform arrived. A new programming language appeared. A new cloud service changed how we deploy applications. Every wave of technology helped people work faster. But AI feels different. Over the last two years, I have watched professionals across industries experience something I have never seen before. People are not simply using a new tool. They are having conversations with technology. A marketer can generate campaigns. A consultant can build frameworks. A developer can create applications in hours instead of weeks. And every week, the systems become smarter. Personally, I have experienced this while building AI frameworks, experimenting with coding agents, and working with organizations trying to adopt Generative AI. Many times I have found myself staring at a screen thinking: "How did it do that?" Not because the output was perfect. But because the pace of improvement was faster than expected. This raises an important question. If AI is becoming more capable every month, how do we ensure we build systems that remain useful, trustworthy, and safe? That is exactly what we explore in today's Open Tech Talks conversation with Dr. Craig Kaplan. Episode # 190 Today's Guest: Dr. Craig A. Kaplan, Inventor of the designs and Technologies that enable safe SuperIntelligence. He is a pioneer in artificial intelligence and the inventor behind technologies designed for safe Superintelligence. For more than four decades, he has worked at the intersection of intelligent systems, ethics, and innovation, developing architectures that help AI evolve safely and remain aligned with human values. Website: SuperIntelligence YouTube: iStudios What Listeners Will Learn: How AI evolved from symbolic systems to Generative AI The difference between AI, AGI, and Superintelligence Why are many AI researchers concerned about AI safety Enterprise AI risks leaders should understand today Why AI agents are becoming the next major AI wave The rise of multi-agent and collective intelligence systems How organizations can design safer AI solutions Why AI is shifting from a tool to a digital coworker The future impact of AI on jobs and knowledge work Practical guidance for responsible AI adoption Resources: SuperIntelligence

As drought and rising temperatures continue to reshape the West, Dr. Jack Schmidt of Utah State University and Director of the Center for Colorado River Studies examines the growing strain on the river system and the challenges facing communities, agriculture, and ecosystems that depend on it.

Dave White is the founder of Wayfinder, a boutique advisory firm serving families and institutions across portfolio construction, manager selection, and governance. Before Wayfinder, he spent nearly twelve years at Cambridge Associates, conducting 400+ manager meetings annually across every major asset class.In this episode, Dave breaks down what he actually looks for after thousands of manager meetings, why the corners of the market matter more than what's in demand today, and what most families get dangerously wrong about risk, governance, and generational wealth transfer.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comWhat we cover:- Why the hit rate on truly great managers is 1-2% even after 400 meetings a year- The difference between time-weighted and dollar-weighted returns — and which one actually tells the truth- How to get a manager off script and why that's the only meeting that matters- What "stronger dollars, not faster dollars" means for GPs building a durable LP base- Why 70% of third-generation wealth disappears — and the governance fix most families skip- The crypto disconnect: institutions are building on it, but LP dollars have dried up- Why concentration, not diversification, is how the largest wealth in the world has always been created- What the first conversation with a newly liquid founder should actually be about- How AI is changing the pace and depth of manager due diligence right nowLinks:Wayfinder website - https://wayfinder.ioConnect with Dave White - https://www.linkedin.com/in/dave-s-white/Connect with Prashant: https://linkedin.com/in/choubeysahabSubscribe to VC10X newsletter - ⁠https://vc10x.beehiiv.com⁠Subscribe on YouTube - ⁠https://youtube.com/@VC10X ⁠Subscribe on Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠Subscribe on Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠VC10X website - ⁠https://vc10x.comTimestamps:(00:00) - The Disconnect in Digital Asset Adoption (00:22) - Differentiating Exceptional Managers from Great Storytellers (00:33) - Biggest Misconceptions VCs Have About LPs (00:45) - A Contrarian Belief: The Power of Concentration (01:03) - Introduction to Dave White and Wayfinder (02:34) - What's Broken in Traditional Wealth Management (04:54) - How to Find Underserved Corners of the Market (07:58) - Working with Families on Non-Investment Fronts (09:05) - Timeless Principles for Investing Across Asset Classes (10:51) - Signals of a Truly Exceptional Manager (13:36) - What Limited Partners *Actually* Care About (15:07) - Why Some Families Thrive Across Generations (and Others Don't) (18:15) - The Critical Role of Involving the Next Generation (20:40) - The First Portfolio Conversation for a Newly Wealthy Founder (23:12) - "New Wealth" vs. "Old Wealth": Different Approaches to Investing (25:05) - The Consequences of Underinvesting in Governance (30:04) - Differentiating Factors for Successful Generational Wealth Transfer (32:18) - The Evolving Role of Family Capital in the Next Decade (34:02) - Manager Evaluation in the Age of AI (37:24) - The Single Biggest Factor for Long-Term Investment Outcomes (38:57) - The Future of Family Offices: What Top Investors Will Do Differently (40:32) - A Contrarian Belief: The Case for Concentrated Portfolios (43:15) - Where to Find Dave White OnlineNew episodes live every Tuesday & Thursday.

Bioethics are a matter of practical, everyday concern for physicians, and other health care providers, especially as medical science continues to advance, opening up new therapeutic possibilities. In this episode of The Lancet Voice, the bioethicist and oncologist, Ezekiel Emanuel, talks about applying bioethics to some of today's most pressing health problems, globally.   Click here to read the full article: https://www.thelancet.com/journals/lancet/article/piis0140-6736(09)60137-9/fulltext

Larry Winget delivers a blunt and powerful lesson on personal growth, success, and responsibility. He explains why success is about more than just doing more—it's about becoming more. This episode will challenge you to improve your character, expand your knowledge, and take action on what you learn so you can create the life you truly want.Source: The Ya Gottas For Success circa 1991.Hosted by Sean CroxtonFollow me on InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jarrett Adams was 17 years old when he was sentenced to 28 years in prison for a crime he didn't commit. In this episode of Locked In with Ian Bick, Jarrett shares the full story of his wrongful conviction, his decade behind bars, and how the Wisconsin Innocence Project helped exonerate him and give him his life back. _____________________________________________ #WrongfulConviction #TrueCrime #innocenceproject _____________________________________________ Connect with Jarret Adams: https://www.instagram.com/jarrettadamslaw/ _____________________________________________ Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?hl=en https://ianbick.com/ _____________________________________________ Shop Locked In Merch: http://www.ianbick.com/shop _____________________________________________ Timestamps: 00:00 Wrongfully Convicted at 17 — Jarrett Adams' Full Story 00:14 Growing Up in Chicago — The Neighborhood That Shaped Everything 01:27 The Family Background and Values That Kept Him Going 04:42 The Early Ambitions and Dreams He Had Before Everything Changed 05:36 The Night That Destroyed the Next Decade of His Life 09:00 How the Crack Era Shifted His Neighborhood and Changed His Options 13:37 The College Plans That Almost Got Him Out Before It Was Too Late 17:18 The First Accusation and the Police Interrogation Nobody Prepared Him For 22:08 The Investigation Tactics Used Against Him and How They Isolated Him 24:38 The Moment He Realized Evidence Was Missing and Justice Was Broken 27:30 What His Family Went Through While He Fought From Inside 30:30 How Wisconsin's Party to a Crime Law Was Used Against Him 33:20 County Jail — The Injustice That Started Before Prison Even Began 37:20 The Broken Bail System That Kept Him Locked Up While Innocent 40:53 The Trial Conviction and the Sentence That Should Never Have Happened 43:47 What the Public Thought of Him and the Cost of Being Judged 44:13 Prison Life and What Mass Incarceration Really Looks Like From Inside 47:32 Adjusting to Prison While Fighting His Own Case From Behind Bars 52:00 The Appeal That Finally Overturned His Conviction and What Came Next 54:49 The Struggles of Reentry Nobody Prepares You For After Wrongful Conviction 01:01:16 How He Became an Attorney to Fix the System That Failed Him 01:04:04 Defending Others Who Are Where He Once Was — The Full Circle Moment 01:07:46 Reflections on Purpose and What Has Actually Changed in the System 01:08:58 What He Would Tell the 17 Year Old Who Was About to Lose Everything 01:09:24 His Final Message and the Mental Health Mission Driving Everything He Does _____________________________________________ To advertise on the show, contact sales@advertisecast.com or visit https://advertising.libsyn.com/LockedInWithIanBicka Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jarrett Adams was 17 years old when he was sentenced to 28 years in prison for a crime he didn't commit. In this episode of Locked In with Ian Bick, Jarrett shares the full story of his wrongful conviction, his decade behind bars, and how the Wisconsin Innocence Project helped exonerate him and give him his life back. _____________________________________________ #WrongfulConviction #TrueCrime #innocenceproject _____________________________________________ Connect with Jarret Adams: https://www.instagram.com/jarrettadamslaw/ _____________________________________________ Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?hl=en https://ianbick.com/ _____________________________________________ Shop Locked In Merch: http://www.ianbick.com/shop _____________________________________________ Timestamps: 00:00 Wrongfully Convicted at 17 — Jarrett Adams' Full Story 00:14 Growing Up in Chicago — The Neighborhood That Shaped Everything 01:27 The Family Background and Values That Kept Him Going 04:42 The Early Ambitions and Dreams He Had Before Everything Changed 05:36 The Night That Destroyed the Next Decade of His Life 09:00 How the Crack Era Shifted His Neighborhood and Changed His Options 13:37 The College Plans That Almost Got Him Out Before It Was Too Late 17:18 The First Accusation and the Police Interrogation Nobody Prepared Him For 22:08 The Investigation Tactics Used Against Him and How They Isolated Him 24:38 The Moment He Realized Evidence Was Missing and Justice Was Broken 27:30 What His Family Went Through While He Fought From Inside 30:30 How Wisconsin's Party to a Crime Law Was Used Against Him 33:20 County Jail — The Injustice That Started Before Prison Even Began 37:20 The Broken Bail System That Kept Him Locked Up While Innocent 40:53 The Trial Conviction and the Sentence That Should Never Have Happened 43:47 What the Public Thought of Him and the Cost of Being Judged 44:13 Prison Life and What Mass Incarceration Really Looks Like From Inside 47:32 Adjusting to Prison While Fighting His Own Case From Behind Bars 52:00 The Appeal That Finally Overturned His Conviction and What Came Next 54:49 The Struggles of Reentry Nobody Prepares You For After Wrongful Conviction 01:01:16 How He Became an Attorney to Fix the System That Failed Him 01:04:04 Defending Others Who Are Where He Once Was — The Full Circle Moment 01:07:46 Reflections on Purpose and What Has Actually Changed in the System 01:08:58 What He Would Tell the 17 Year Old Who Was About to Lose Everything 01:09:24 His Final Message and the Mental Health Mission Driving Everything He Does _____________________________________________ To advertise on the show, contact sales@advertisecast.com or visit https://advertising.libsyn.com/LockedInWithIanBicka Learn more about your ad choices. Visit podcastchoices.com/adchoices

Peggy shares why the next 10 years may define the future of infrastructure more than the last 10. She says the question is not whether the technology is coming, but rather the bigger question we need to be asking is if our infrastructure is ready for it. She also discusses: · What cities, manufacturers, construction companies, and policymakers must do right now to prepare for the next decade of smart infrastructure. · The guardrails we must consider, such as who is responsible when AI makes a decision. · How we build a future that is safe, resilient, and accountable. https://peggysmedleyshow.com

Anthony Perera is a South Florida-born serial entrepreneur who transformed a single HVAC truck into a $200M+ national home services empire, earned Ernst & Young's Entrepreneur of the Year® Florida award, successfully scaled and sold a majority stake in his tech company Inspected.com to a private equity fund managing over $600M, and now leads a family office overseeing a portfolio valued at more than $250 million. Here's some of the topics we covered: From off-road magazines to serial entrepreneurship Turning one HVAC truck into a $250M powerhouse Building a family office around buying businesses The hidden opportunity in retiring baby boomer companies Transforming outdated businesses into private equity targets How AI and social media are changing growth forever The playbook for buying businesses and scaling wealth   To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    For more about Rod and his real estate investing journey go to www.rodkhleif.com   Please Review and Subscribe  

Send us Fan MailWhat if the future of self storage was hiding in the narrow streets of Italy? Scott records from Tuscany, Italy and shares a fascinating realization about how limited space, dense urban living, and evolving consumer behavior are shaping the future of storage worldwide. Comparing the massive self storage footprint in the U.S. to Italy's dramatically under supplied market, Scott explores whether the demand for storage is universal human behavior or simply a matter of supply catching up. He breaks down the changing habits of younger generations, the rise of mobility and smaller living spaces, and why those trends are actually fueling storage demand instead of killing it. WHAT TO LISTEN FOR:55 Is Self-Storage Demand Universal Across the World?2:29 Does Italy Have a Storage Problem or a Storage Opportunity?3:22 Are Younger Generations Making Self-Storage Obsolete?5:10 What Specialty Storage Trends Are Changing the Industry?7:40 Where Is the Next Decade of Self-Storage Growth Headed?Leave a positive rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Kosala Hemachandra is the founder and CEO of MyEtherWallet (MEW), one of crypto's true OG products and a wallet that has been onboarding users to Ethereum since the network's mainnet launch. Eleven years, three million users, and a team of more than twenty later, MEW is positioning itself as a self-custodial home not just for crypto but for tokenized stocks, bonds, and the broader real-world asset economy now arriving on-chain. Why you should listen Kosala's origin story is a reminder of how far this industry has travelled. A computer engineering graduate who discovered Ethereum through Bitcoin, he built MEW because accessing the network at launch meant the command line and nothing else. The earliest MEW users were almost exclusively technical; today's users, by contrast, often have no idea which chain their assets are sitting on – and that is the point. Andy and Kosala dig into the decade-long tension at the heart of self-custody: balancing genuine user sovereignty with an onboarding experience that doesn't terrify newcomers. Mnemonic phrases have been "bread and butter" for ten years for a reason – any proprietary fix would lock users in and break the very portability that makes self-custody meaningful – but advances like account abstraction, social recovery, and smart contract wallets are finally pointing toward a more humane future. The conversation covers tokenized stocks and real-world assets, where Kosala sees the most profound shift of his career. TradFi went from hostile to crypto eight years ago to actively partnering with it today, and MEW is leaning into that convergence by offering tokenized equities alongside crypto assets in a single self-custodial wallet. Kosala uses his home country of Sri Lanka as an illustration: six months ago, a Sri Lankan investor wanting US stock exposure faced brokerage friction, 10–15% taxes, and layered commissions. Now they can simply hold tokenized Nvidia or Tesla in a MEW wallet. He also walks through the difference between USDC and yield-bearing stablecoins like Ondo's USDY (which is backed by government bonds), and why this category collapses the old workflow of "buy stablecoin → bridge to Aave or Compound → lend → harvest yield" into a single token you just hold. On regulation, Kosala is candid: US users are currently locked out of tokenized assets and there is no shortcut, but the trajectory of the last decade gives him real confidence the rules will catch up. The bigger bet is that MEW evolves into a global, full-service, self-custodial wealth platform – one login, one set of keys, exposure to crypto, fiat, RWAs, and traditional yield instruments without ever surrendering custody. The episode closes with details on MEW's live $100,000 Energy Campaign (points for swaps, transactions, and tweets convert into chances at $5–$10 of tokenized US equities) plus an hourly $5 swap reward for early users. The hot take round delivers Kosala's tidy framing of Bitcoin as gold and Ethereum as USD, a strong vote of confidence in AI-driven portfolio management as a future that's already here for the few, and a Christopher Nolan pick to close things out. Supporting links Stabull Finance MyEtherWallet MEW on Twitter Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.

Carl Morrison is the legal operations ambassador to Las Vegas, a CLOC board member, and one of the people who built the legal operations function on the Las Vegas Strip. David Cowen sits down with Carl to trace the evolution of legal ops from his first CLOC at the Bellagio a decade ago to today's McCormick Place, and to unpack the central question of this moment: are we using AI as a tool, or are we becoming enslaved to it? Key Topics Covered: The CLOC origin story: Building the first legal ops function in Las Vegas gaming and hospitality The CLOC 101 Academy: Why the entry-level program now serves over 150 attendees Slavery vs. freedom: Carl's framing of the choice every legal team faces with AI Personal agency as the answer: Why the automation question is fundamentally about who you want to be The Claude conversation: Why model preference shifts month to month and why the relationship matters more than the tool Fearlessness as career strategy: Why curiosity matters more than credentials

Listen to Daily Global #News from Grecian Echoes WNTN 1550 AM-Trump landed in Beijing last night — the first American president to visit China in a decade. US inflation hit 3.8 percent in April Red Sox lost to the Phillies 1 to 2 last night.

Listen to Daily Global #News from Grecian Echoes WNTN 1550 AM-Trump landed in Beijing last night — the first American president to visit China in a decade. US inflation hit 3.8 percent in April Red Sox lost to the Phillies 1 to 2 last night.

Today's guest is Dr. Keith Morneau, an experienced cybersecurity professional who currently serves as Dean of Computer and Information Science at ECPI University. Steve and Kieth discuss the future of the cyber workforce, cyber education, and if AI is taking our jobs. Steve also asks Keith to step into the shoes of a CEO…Key Takeaways: In today's cyber world, having an understanding of how systems interact is more important than ever. People with non-technical backgrounds are often quick learners when it comes to cyber, and bring in fresh perspectives.  In new hires, executives should look for people who understand how to work with AI.  Tune in to hear more about: How AI can help junior staff and those entering the cyber workforce (6:15) Dr. Morneau's ”prepare, practice, perform, assess” philosophy (13:23) One obsolete role chief executives should stop hiring for, and one emerging role they haven't even thought about yet (21:15)  Standout Quotes: “We're really still in the baby steps of AI, in the beginning stages of it. What I've noticed of a lot of folks, there's AI there, but they're not 100% understanding how it all works, how the AI actually has to be trained and all that. I think over time what we'll see is the increase in knowledge and skill set using AI for what they're doing in their jobs should help with the bottom line over time.” - Dr. Keith Morneau “The biggest issue in cybersecurity are the AI systems that are very vulnerable to attacks.” - Dr. Keith Morneau “The type of person you need to look at is the person who's able to use AI to do the job that you need them to be able to do better and faster, and be more efficient at it. What you have to be careful of is the people that are going to be obsolete are the ones that are basically fighting the AI and not using AI at all to help them, because that is pretty much they are going to be dinosaurs soon, if they're not already dinosaurs.” - Dr. Keith Morneau Read the transcript of this episodeSubscribe to the ISF Podcast wherever you listen to podcastsConnect with us on LinkedIn and TwitterFrom the Information Security Forum, the leading authority on cyber, information security, and risk management.

In this episode of the Uplevel Dairy Podcast, Peggy Coffeen is on-site at Brooks Farms with Zoey Brooks, nearly 10 years after Zoey returned to the family dairy, to discuss growing from 200 to about 700 cows and from four employees to a 15-person team. Zoey shares hard-won lessons about stepping into management, overcoming challenges, building a strong team culture and leading from within, while balancing roles as a young mother raising her children on the farm. She shares how her guiding motto - “Do it scared" - drives her to dig deep and dive in to make her dreams reality.She also highlights a business segment and creative outlet with Black & White Aged Cheddar, the premium aged cheese brand she and her sister Syndney launched during COVID by partnering with Union Star Creamery, made exclusively from Brooks Farms' milk. This Episode is brought to you by AdisseoThis episode is sponsored by Uplevel Dairy Podcast Founding Partner Adisseo, a global leader in nutritional solutions and premier provider of rumen-protected methionine for dairy producers who want to optimize milk production, capture more value from components, and maintain the health of their high-performing herds. Learn more at https://www.adisseo.com/en/01:38 Back Home at Brooks Farms03:30 Scaling Up Fast04:09 Failure Is Normal05:06 Milk Drop Mystery07:24 Hunting Stray Voltage09:36 Managing Through Chaos11:53 Building Team Culture13:47 From Cow Work to People15:21 Three Hats on Farm16:08 Dairy Mom Office Life17:36 Raising Kids on Farm18:56 Leading by Example19:27 Balancing Farm and Family19:52 Tech That Makes It Work22:04 Remote Sorting in Winter22:47 Launching a Farm Cheese Brand27:52 Black and White Story28:34 Cheddar Focus and First Taste30:05 Advice for New Brands32:37 Growing Distribution Beyond Wisconsin34:45 Next Decade on the Farm36:18 Do It Scared

The Big 12 doesn't have a true long-term powerhouse right now, but can that change sooner than later? In this video, I break down the 5 Big 12 sleeper programs best positioned to dominate the next decade, based on recruiting, coaching stability, NIL potential and overall trajectory.Which team do YOU think is built to take over the Big 12 long-term? Let me know in the comments.Subscribe for more Big 12 coverage!

The Last Trade: Jackson, Michael, and Brian break down the launch of Onramp Finance, Admiral Paparo's bitcoin testimony before Congress, Kevin Warsh's Fed nomination, bitcoin outperforming as the king of safe-haven assets, BlackRock and Coinbase's influence, & why meeting the market where it's at matters.---

In the past month, we've seen two major plans from two of the world's biggest polluters. In March, China approved its 15th five-year plan, which gave us a clearer sense of how the government makes progress on its climate goals. A few weeks after that, India published its climate plan for 2035. This week on Zero, Bloomberg Green’s Lili Pike and Akshat Rathi discuss those climate plans, and whether they’re ambitious enough for the current moment. Explore further: What’s Inside China’s New Major Environmental Law - Bloomberg China’s New Five-Year Plan Is Crucial for World’s Climate Fight A Decade of Global Climate Caution Is Sealed by India’s Wary Goals Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Why is copper being called the most important metal you're not investing in? Because the electrification of everything — EVs, AI data centers, global infrastructure — is creating unprecedented demand, while supply struggles to keep up. That's what Allen Cates, CEO of Kilo Reserve and former finance executive, helps investors understand. In this conversation, Allen shares why real assets like copper are being overlooked, what's driving the coming shortage, and how physical copper could play a role in a modern portfolio. Join host Khudania Ajay (KAJ) to discover what most investors are missing — and why the next decade of investing may belong to real assets. Explore copper and commodities at https://kajmasterclass.com.=========================================*Guest*Allen Cates is the CEO of Kilo Reserve, a platform that enables investors to own vaulted physical copper and, over time, other industrial metals and commodities. He began his career in financial services after earning a degree in Economics from Wake Forest University and an MBA from Manchester Business School. Allen spent nearly a decade at Bank of America and PNC Bank in strategy and lending roles before moving into entrepreneurship and investment. Over the past two decades, he has worked across consumer businesses, e-commerce, financial investment, and hard assets, developing a focus on commodities and real asset markets.Connect:https://kiloreserve.comhttps://www.linkedin.com/in/allen-cates-675371/=========================================*Host — Khudania Ajay (KAJ)*Independent journalist | 20+ years in media, leadership & storytelling | 2,500+ long-form conversations

Feeling strong for the next decade means training like your future body matters too. Manders, Jess Gordon, and Kelsey talk about what it actually means to build strength that lasts. Not just hitting PRs, chasing aesthetics, or throwing yourself at whatever trend looks intense enough, but training in a way that helps your body stay capable, resilient, and strong through different seasons of life. They get into the stuff that actually supports longevity: movement quality, mobility, stability, recovery, sleep, eating enough, and building muscle in a way that serves you long term. They also talk about how your definition of strong can shift over time, whether that's because of age, pregnancy, changing goals, or just realizing that constantly running yourself into the ground is not the flex the fitness industry has made it out to be. This one is a good reminder that strength is not just about what your body can do today. It's also about how well it keeps showing up for you years from now. Black Iron Nutrition Book a Free Discovery Call Free Macro Calculator Free Downloads Black Iron Blog

In this 5 Insightful Minutes episode, Jeremy Levine, Senior Director at Alvarez and Marsal's Consumer and Retail Group, joins Omni Talk to break down the tactics traditional regional grocers need to master fresh operations (and win) over the next decade. From the protein consumption gap to the hourly rhythm of a deli department, Jeremy shares what makes fresh so hard to get right and exactly what good actually looks like. If you run a grocery business, manage a fresh department, or advise retailers, this episode is a must-listen.

Every real estate cycle rewards a different kind of agent. The next decade will reward something very specific:

AI innovation no longer flows in one direction. Jeff Walters, who leads the AI topic in Asia Pacific, explains why companies across China, India, and Southeast Asia are moving at speed—and in some cases pulling ahead. For CEOs, the real differentiator isn't geography. It's leadership ambition, organizational change, and the willingness to rethink knowledge work from the ground up.Learn more: Jeff Walters, Managing Director & Senior Partner, https://www.bcg.com/about/people/experts/jeff-waltersAI at Work: Is Asia Pacific Leading the Way? https://www.bcg.com/publications/2025/ai-at-work-is-asia-pacific-leading-the-wayThe Widening AI Value Gap, https://www.bcg.com/publications/2025/are-you-generating-value-from-ai-the-widening-gapLatest Thinking on AI, https://www.bcg.com/capabilities/artificial-intelligence/insightsChapters:00:00 Introduction00:59 AI Evolution Across Asia03:15 Factors Driving AI Adoption in Asia04:20 How Do AI Attitudes Differ Globally?06:00 CEOs' Priorities to Unlock Value from AI08:45 Asia's AI Role vs. Silicon Valley10:03 Information Asymmetry in AI: East vs. West10:58 What to Learn from Asia's AI Ecosystems11:49 Which Asian Sectors Are Deploying AI Fastest?13:36 What Are Dark Factories–and Why Do They Matter?14:04 Who Will Lead AI Transformation over the Next Decade?15:35 Why Is AI Adoption Slower in Some Asia Pacific Markets?16:26 Asia Pacific Innovation by Region17:30 Which Sectors Lead AI Transformation?19:52 What Steps Should Leaders Take to Accelerate AI Impact?21:47 The "Now What"22:35 Outro (edited)Subscribe to BCG's YouTube channel: https://goo.gl/hsFsVT Visit us at https://www.bcg.comThis podcast uses the following third-party services for analysis: Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp

In this episode of The Holy Grail of Investing, Christopher Zook and Mark Wade sit down with Wil VanLoh, Founder of Quantum Capital Group, for a timely conversation on the future of global energy markets. Wil shares his perspective on where the energy industry is headed, why the U.S. shale revolution may be nearing a peak, and how shifting supply dynamics could reshape the next decade. They also explore the growing impact of AI-driven power demand, the challenges of grid reliability, and why energy remains one of the most important—and often misunderstood—areas Subscribe for more episodes of The Holy Grail of Investing with Tony Robbins!