Podcasts about pacific exchange

In this episode of The Band of Traders, Kyle reconnects with longtime friend of the show, Richard Friesen, for a deep dive into the psychology of trading and personal growth. Rich shares insights from his work with traders, emphasizing the power of self-awareness, emotional regulation, and identifying the internal voices that shape decision-making.Kyle opens up about his own process of mapping out these inner characters—from "John Rambo" to "Carl Sagan"—and how understanding their motivations has improved his trading discipline. The conversation explores the balance between process and results, the impact of past experiences on financial success, and how traders can develop a healthier relationship with risk, failure, and self-worth.Packed with practical mindset shifts and real-world applications, this episode is essential listening for anyone looking to elevate both their trading and personal development.Sponsors and FriendsOur podcast is sponsored by Sue Maki at Fairway Independent Mortgage (MLS# 206048). Licensed in 38 states, if you need anything mortgage-related, reach out to her at SMaki@fairwaymc.com or give her a call at (520) 977-7904. Tell her 2 Bulls sent you to get the best rates available!For anyone trading futures, check out Vantatrading.com. Founded by Mr. W Banks and Baba Yaga, they provide a ton of educational content with the focus of teaching aspiring traders how to build a repeatable, profitable process. You can find our exclusive affiliate link/discount code for Vanta ‘s subscription in our free discord server as well!If you are interested in signing up with TRADEPRO Academy, you can use our affiliate link here. We receive compensation for any purchases made when using this link, so it's a great way to support the show and learn at the same time! **Join our Discord for a link and code to save 10%**Visit Airsoftmaster.com to support one of our own!To contact us, you can email us directly at bandoftraderspodcast@gmail.com Be sure to follow us on Facebook, Twitter, or Discord to get updated when new content is posted! Check out our directory for other amazing interviews we've done in the past!If you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!Rich Friesen:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes. Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Follow Rich on TwitterMind Muscles for Traders websiteAlpha Presence Course LinkBook - A Private Conversation with MoneyAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Rich Friesen of Mind Muscles for Traders joins Kyle, Baba Yaga and Mr. Banks for a deep dive into trading psychology. Kyle kicks it off by suggesting a new application for Rich's new course, Alpha Presence and Mr. Banks gets him animated after asking about Rich's stance on daily targets. After answering out questions, Rich fields a few from the audience and we all learn how important the language we use really is…Follow this link to book a call with Rich!Sponsors and FriendsOur podcast is sponsored by Sue Maki at Fairway Independent Mortgage (MLS# 206048). Licensed in 36 states, if you need anything mortgage-related, reach out to her at SPullen@fairwaymc.com or give her a call at (520) 977-7904. Tell her 2 Bulls sent you to get the best rates available!For anyone trading futures, check out Vantatrading.com. Founded by Mr. W Banks and Baba Yaga, they provide a ton of educational content with the focus of teaching aspiring traders how to build a repeatable, profitable process. You can find our exclusive affiliate link/discount code for Vanta ‘s subscription in our free discord server as well!If you are interested in signing up with TRADEPRO Academy, you can use our affiliate link here. We receive compensation for any purchases made when using this link, so it's a great way to support the show and learn at the same time! **Join our Discord for a link and code to save 10%**To contact us, you can email us directly at suggestions@financialineptitude.com Be sure to follow us on Facebook, Twitter, or Discord to get updated when new content is posted! Check out our directory for other amazing interviews we've done in the past!If you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!About the Panelists:Rich Friesen:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Follow Rich on TwitterMind Muscles for Traders websiteAlpha Presence Course LinkBook - A Private Conversation with MoneyBaba Yaga:Solving problems, helping set goals and refining processes is the bulk of Baba's passion. He does that in many contexts, ranging from non-profits to real estate and everything in between. He focuses on market structure through the lens of TPO charting and executes based on volume, misplaced large orders and Delta. He loves the opening range breakout and typically trades the market from the "inside out."Follow Baba on TwitterMr. Banks:Working as a commercial banker and trading on the side helped Mr. Banks develop his trading style into what it is today. As a banker, his main thought is: “What's the worst that can happen and how can I mitigate that risk?” Taking that same thought process into trading has made him focus more on his trade setups. Trade with confidence, trade what the market gives and limit the unknown factors. Follow Banks on TwitterAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This episode is six years overdue. That's because Storied: SF got started in a booth upstairs at one of our favorite spots in all The City: Vesuvio Café. In Part 1, we sit down in that same booth where it all began in 2017 to chat with Vesuvio co-owner Janet Clyde. We begin with a talk about what a great place for bars San Francisco is. Janet brings up touristic spots we love, as I had joined my wife for Irish coffees at the Buena Vista just before our recording in North Beach. Then Janet begins to lay out the history of Vesuvio. The location was originally an Italian bookstore called Cavalli Books, which moved first to the current City Lights spot, and then over to Stockton Street. Then, probably in the 1930s or early '40s, a woman known as Mrs. Mannetti opened Vesuvio as a restaurant. In 1948, Henry Lenoir bought the place from her and turned it into a bar. Lenoir was a Swiss/French bon vivant. He ran it as Vesuvio through the end of the 40s and into the 50s. But by the early '60s, with the Korean War, the place changed as society changed, and Henri wasn't feeling this generational shift at all. He sold the place to Ron Fein, who brought on Leo Riegler to run the bar. Riegler had run Coffee Gallery on Grant, which served beer and wine only. He was an Austrian bon vivant, and he came to Vesuvio and overhauled the bar. Ron Fein hired Shawn O'Shaughnessy to give the place the look and feel we're all familiar with to this day. O'Shaughnessy was inspired by Japanese art, aliens, and other worlds. Janet talks about the “I'm itching to get away from Portland, Oregon” sign, which hangs over the entrance to Vesuvio and which O'Shaughnessy derived from a postcard. We then shift the conversation a little to talk about Vesuvio and the Beat Movement. The bookstore across the alley became City Lights in 1954 when Lawrence Ferlinghetti took over. And that brought writers into the bar. Before that, according to Janet, Vesuvio was a Bohemian hang, really a cross-section of San Francisco. People who worked at the nearby Pacific Exchange (later known as the Pacific Stock Exchange), insurance salespeople, advertisers ... Janet describes the place as “suits and ties having a really good time …” When she arrived, in the late 1970s, the area was home to punk clubs, strip joints, bars, restaurants. Janet had hitchhiked from LA with the intention of landing in Seattle. She was born in Missouri but raised near Cape Canaveral, Florida. She left her family there and moved to LA but never really dug it much. A trip north in 1978 changed her life forever. Check back Thursday for Part 2 with Janet Clyde. For more on the history of Vesuvio, read this article on Found SF. This podcast was recorded at Vesuvio Café in North Beach in October 2023. Photography by Jeff Hunt

Richard Friesen has 30 years of experience in the financial world and trading and he has also trained as a therapist, coaching traders and financial professionals. He is the author of the book “A Private Conversation with Money” discussing how our beliefs shape our financial situation. He is passionate about helping professionals and business leaders to increase their personal effectiveness with joy and grace.   In this episode, we dive deep into the world of financial beliefs and how they shape our financial situation. With the help of my guest, Richard Friesen, we explore his fascinating story of overcoming internal limitations and how this led him to help others uncover their hidden beliefs that may be holding them back financially.   We discuss the concept of the "money thermostat" and how it can limit our financial success, as well as the importance of understanding that not everyone following the same system will achieve the same results. Join us for this insightful conversation as we examine our relationship with money and the idea of money as certificates of appreciation ⠀

In the final episode of our limited series with Rich Friesen of Mind Muscles Academy, 2 Bulls Discord members Joel, Perdue and Bear Goes Long join in on the fun! This time everyone is taking Rich's Trader Assessment in real time and discussing the results afterwards. It's been a long journey, and while we're not to the finish line yet, it's still impressive to see how far we've come since the start of the series. We've got video this time so you can follow along from home if you want to take the assessment yourself!Have an idea for our next miniseries? Send us an email at 2bulls@financialineptitude.com or post it in our Discord.About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteHomework LinkA Private Conversation with Money - Book LinkSocials:Follow Rich on TwitterHomework:Take the Trader's Assessment found on the Mind Muscles homepageIf you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Links:2 Bulls DiscordChina Shop MerchMiniseries PageKnowledge CenterResourcesAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Discover the power of respecting people's beliefs and understanding money with a unique romantic and philosophical dialogue in A Private Conversation with Money.Richard Friesen is a former broker for Merrill Lynch, trader at the Chicago Mercantile Exchange, and owner of a trading firm on the Pacific Exchange. He has a background in psychology and is the author of A Private Conversation with Money, exploring the psychological drivers of the intense political divide.

Discover the power of respecting people's beliefs and understanding money with a unique romantic and philosophical dialogue in A Private Conversation with Money.Richard Friesen is a former broker for Merrill Lynch, trader at the Chicago Mercantile Exchange, and owner of a trading firm on the Pacific Exchange. He has a background in psychology and is the author of A Private Conversation with Money, exploring the psychological drivers of the intense political divide.

Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience-based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support, and real-time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT, and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistics Programing Master's certification, and neuroscience focus, brings a unique framework to business, investing, and career success.Rich is building a Money-Positive community with his book “A Private Conversation with Money” and his online course. This book observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.https://conversations.money/wealth/rich@mindmuscles.comhttps://conversations.money/⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

In the Sixth and Penultimate (yes, that is the correct use of the word!) episode of our limited series with Rich Friesen of Mind Muscles Academy, Money is the focal point of the conversation, and our relationship with it. Diving deeper into the topics covered in Rich's recent book, Rich helps Kyle better understand his view of money and the ways that view directly impacts his trading. This month's homework assignment is an exercise to practice visualizing the future we wish to have, so be sure to visit Conversations.Money/2Bulls to take advantage of the guided visualizations bundle to assist with the assignment!If you have a question to submit for next month's episode, email it to 2bulls@financialineptitude.com or post it in our Discord.About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteA Private Conversation with Money - Book LinkSocials:Follow Rich on TwitterHomework:Practice stepping into the broader future of the trader you wish to become (the house, cars, money, etc.) and notice any voices, guilt, shame or parts of you that resist the change.Negotiate with those parts in order to better understand what about those changes is scary to your subconscious.Keep practicing until you can step into that mindset without any stress or resistance from yourself.If you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Links:2 Bulls DiscordChina Shop MerchMiniseries PageKnowledge CenterResourcesAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In the Fifth installment of our limited series with Rich Friesen of Mind Muscles Academy, an unlikely but common struggle in the fear of success is the main topic of discussion. Listen along as Kyle discovers what he is afraid of losing and Rich shares a side that we hadn't seen before. This month's homework assignment is just a phrase to repeat, but there's a lot packed into those words... And be sure to visit Conversations.Money/2Bulls to take advantage of the guided visualizations bundle Rich has offered to complement this month's episode!If you have a question to submit for next month's episode, email it to 2bulls@financialineptitude.com or post it in our Discord.About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteA Private Conversation with Money - Book LinkSocials:Follow Rich on TwitterHomework:Repeat Kyle's phrase below (or develop your own) and notice the physiological effects and thoughts when saying that phrase "As I expand my success, I invite everyone to come with me. If you choose not to join me, I will leave you behind"If you like our show, please let us know by rating and subscribing on your platform of choice! If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Links:2 Bulls DiscordChina Shop MerchAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In the Fourth episode of our limited series with Rich Friesen of Mind Muscles Academy, Rich brings an assessment with him for Kyle to complete on air. The goal of the assessment is to create an awareness of the major mind traps that are common to many independent traders. Kyle is able to visually see the gap between his rational understanding of trading success and his own trading reactions, biases, filters and of course, trading traps. We welcome everyone to follow along with the homework assignments as we all work to improve together!If you have a question to submit for next month's episode, email it to 2bulls@financialineptitude.com or post it in our Discord.About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteA Private Conversation with Money - Book LinkSocials:Follow Rich on TwitterHomework:Complete the downloadable Trading Traps Assessment (Lesson included in link) Build awareness of our own biases, filters and tendencies Invite ourselves to step into each new behaviors that better match the traders we desire to becomeAcknowledge and accept any resistance with curiosityIf you like our show, please let us know by rating and subscribing on your platform of choice! If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Links:2 Bulls DiscordChina Shop MerchAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

BRT Financial Review: Best of Investing 2022 Part 2 BRT S04 EP01 (163) 1-1-2023   Things We Learned This Week Why Does the Stock Market Go Up?– Everything You Should Have Been Taught About Investing In School, But Weren't Democratizing expertise around trading derivatives thru new tools & software. Reengineering the derivatives market, so we do not need to rely anymore on failed experts w/ outdated methods & tech. AZREIAis a Real Estate Association to learn, network, find support & contractors What is Your Investor Identity?Fix & Flip, Landlord, Lender ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. Types of Risk - Interest Rate, Inflation, Play it Safe Market Risk - Buffet Rule # 1 - Never Lose $, how Mkt losses affect your portfolio & timeline     Clip from 8/14/2022 – w/ Brian Feroldi                Replay Seg. 3 - on stock markets and exchanges FULL SHOW: HERE   Guest: Brian Feroldi Book: Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't, Paperback – April 5, 2022   by Brian Feroldi      Motley Fool Articles: https://www.fool.com/author/14471/ http://mindset.brianferoldi.com/ YouTube - https://www.youtube.com/channel/UCs60_Z83HU76uygzHRQl0kA Twitter: https://twitter.com/BrianFeroldi Website: https://www.brianferoldi.com/   Brian Feroldi is a financial educator, YouTuber, & author. He has been intensely interested in money, personal finance, and investing ever since he graduated from college. Brian started investing in 2004. In the beginning, he had no idea what he was doing and got his teeth kicked in. His returns improved dramatically over time as his experience and knowledge about the stock market grew. Brian's career mission statement is “to spread financial wellness.” He loves to help other people do better with their money, especially their investments. He has written more than 3,000 articles on stocks, investing, and personal finance for the Motley Fool. In 2022, Brian's book Why Does The Stock Market Go Up? was published. The mission of the book is “to demystify the stock market.” It was written to explain how the stock market works in plain English. Brian lives in New England with his wife and three kids.     Clip from 7/17/2022 – w/ Peter Harrigan Replay Seg. 3 – on derivatives and oprions FULL SHOW: HERE   Guest: Peter Harrigan – Co-Founder Outcome Trading https://www.linkedin.com/in/peterharrigan/ https://outcometrading.org/   Outcome Trading – old world: derivatives In today's world, risk transfer is achieved through derivatives, using highly specialized language, and opaque structures which pre-date modern information technology. Centralized financial institutions focus on high volume markets that ignore the long tail.   new world: outcome trading™ Hedgers simply draw a curve describing the monetary compensation they require if the price of an asset were to decline (or increase). Investors graphically describe the financial outcome they desire from price appreciation (or depreciation).   Democratizing expertise around derivatives through new tools and software. How failure by experts impacts us all Protecting oneself or one's business in high-volatility markets Reengineering the derivatives market, starting from a blank sheet of paper   Bio: Peter Harrigan   Peter is the Co-Founder of the game changing trading software, Outcome Trading.   Peter also has founded Grey Swan Digital which developed the technology behind PlastiCurv. PlastiCurv was developed to transform financial risks into opportunities - opportunities for return, diversification and social benefit. Peter's mission was to create an intuitive and visual platform that anyone can understand, re-engineering the $600T derivatives market and making its benefits available to anyone in the world.   Peter's long and successful career as a trader started when he developed a tradable arbitrage employed at the CME and CBOT. Peter later made markets in foreign exchange at Bank of America, currency options on the floor of the CME, and equity options on the floor of the Pacific Exchange. He also co-founded Sentient Technologies, a company developing commercial applications of a highly distributed evolutionary learning technology. After a successful exit from Sentient, Peter turned his attention to the crypto industry in 2014, attending the first ethereum meetups, & going on to participate in the Ethereum presale.       Clip from 8/21/2022 – w/ Mike DelPrete  of AZREIA       Replay Seg. 1 - on types of real estate investors FULL SHOW: HERE   Guest: Michael DelPrete, Executive Director, AZREIA https://azreia.org/ The mission of AZREIA is to provide its members the education, market information, support, and networking opportunities that will further the member's ability to successfully invest in Real Estate   Mike Del Prete has been a member of AZRERA for 12 years and has been running it for 1 year it's been teaching for 5 years need to have a team like contractors lenders realtors     Clip from 12/11/2022 – w/ John Kobierowski  of ABI Multifamily     Seg. 2 - on makeup of real estate deals FULL SHOW: HERE   Guest: John Kobierowski President and CEO ABI Multifamily  https://www.linkedin.com/in/johnkobierowski   https://abimultifamily.com/ ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. The experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.   https://neighborhood.ventures/ Neighborhood Ventures is a real estate crowdfunding company that offers ALL the opportunity to be shareholders in our retail & apartment projects.       Clip from 11/6/2022 – w/ Denver Nowicz of Wealth for Life     Seg. 3 & Seg. 4  – on Risk FULL SHOW: HERE   Co-Host: Denver Nowicz, President - Wealth For Life https://wealthforlife.net/brt/ https://twitter.com/denvernowicz  Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing'.   Risk Playing it safe and taking no chances is still risky inflation risk if you are just holding cash and putting your money in the mattress, inflation eats away at the value of the cash and your purchasing power Think of your business as an asset class whether it is a digital business or a traditional physical business, the old brick and mortar More Info on WFL and Tax Free Matching: HERE     Clip from 9/23/2022 – w/ Denver Nowicz of Wealth for Life     Seg. 1 – on Bonds and the 60/40 Split FULL SHOW: HERE https://brt-show.libsyn.com/does-the-6040-split-still-work-in-investing-bonds-portion-needs-help-brt-s03-ep47-146-9-23-2022-wealth-for-life   What is the 60/40 Split in Investing? Equities 60% for Growth/ Bonds 40% for Income Bonds Returns have been going down for 2 decades, hurting Retirements Sequence of Returns Risk – When you retire matters, if the Market is down, your income can take a big hit Annuities - Bonds Replacement for Income, w/ Inflation increases & Income for Life   Clip from 10/28/2022 – w/ Denver Nowicz of Wealth for Life     Seg. 1 – on Accumulation vs Distribution FULL SHOW: HERE   Accumulation - easier for Wall St to sell, just buy stocks in your 401K, Market goes up over time Distribution - income planning, market risk (Sequence of Returns Risk), and life all make this phase more complicated for advisors to talk about Avoid the ‘One Thing Retirement Plan' – if this one thing goes right (market goes up), I will be fine NEW 60/40 Split - Bonds out, Option Strategies in, adjust your portfolio with assets that produce income, and have no market risk Income Planning – setup long before retirement, to have income bucket grow with principal protection and option to lock in gains   For More Wealth for Life Clips & Shows: https://brt-show.libsyn.com/category/Wealth+For+Life+         ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT   Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement More 'Best of Investing': Here   Real Estate Topic: https://brt-show.libsyn.com/category/Real+Estate-Construction-Land-Farming       Thanks for Listening. Please Subscribe to the BRT Podcast.      Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving.  Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more…  BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/   Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.      

Podcast Guest Richard Friesen: "During the years dedicated to building Mind Muscles™, Rich was an independent consultant to the financial industry specializing in intellectual property development and management. He also founded and built ePIT Systems, a software company which produced internet exchange software solutions for the regulated and over-the-counter market places. At ePIT he designed and received ten significant patents on electronic trading interfaces. ePIT's systems and patent technology were purchased by Hitachi and then by a major Chicago trading firm. Prior to ePIT Systems, Mr. Friesen founded, built and sold Trade Management LLC, one of the most consistently profitable options and equity trading firms on the floor of the PSE. He created a way to visualize option values that enabled his floor traders to instantly execute trading opportunities. As a member of the Pacific Exchange, he also served as Exchange Director. He has traded grains on the floor of the Chicago Board of Trade and equity futures on the Chicago Mercantile Exchange. Rich holds a B.A. in Philosophy, a Masters Degree in Clinical Psychology and is a graduate of the Gestalt Institute in San Francisco along with Master's certification in Neuro Linguistic Programming (NLP). His background in psychology has been instrumental in his development of his Mind Muscles™ training programs that supports the financial and business community. Mr. Friesen is a popular speaker on topics of the psychology of money management, politics and personal transformation. His new book entitled “A Private Conversation with Money” can be ordered from Amazon." HOST'S DETAILS: ___________________________________________ ►Debra Chantry-Taylor is a Professional EOS Implementer | Entrepreneurial Leadership & Business Coach | Business Owner ►See how she can help you: https://businessaction.co.nz/ ____________________________________________ GUESTS DETAILS: ____________________________________________ ►Website: https://mindmusclesfortraders.com/ ►Book: https://www.amazon.com/Private-Conversation-Money-Experience-Financial/dp/098381998X ►Email: rich@mindmusclesfortraders.com _________________________________________ --- Send in a voice message: https://anchor.fm/betterbusiness-betterlife/message

In the third installment of our limited series with Rich Friesen of Mind Muscles Academy, the topic of discussion is on persistent trading mistakes... Join us as Rich shows us how to identify those mistakes, determine their positive intent and ultimately, positively change those behaviors to benefit our trading. Rich also gives Kyle and the listeners a very powerful gift with the wave of his patented magical wand. We welcome everyone to follow along with the homework assignments as we all work to improve together!About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteSocials:Follow Rich on TwitterHomework:Make all persistent trading mistakes their own strategy and track their results Generalize the positive intent of those behaviors that do not serve our trading The goal is to generate awareness of those behaviors, not judgementIf you like our show, please let us know by rating and subscribing on your platform of choice! If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Links:2 Bulls DiscordChina Shop MerchAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In the second installment of our limited series with Rich Friesen of Mind Muscles Academy, we're looking at how to gain confidence in our trading strategies. Join us as Rich explains the confidence circle and blows our minds at the idea that we have been searching for confidence in the wrong place... Rich expounds on the concept of market moods and challenges the listeners to spend the next month defining/identifying them and figuring out which strategies work best for those different moods. We welcome everyone to follow along with the homework assignments and look forward to the opportunity to learn from one of the best!If you have a question to submit for next month's episode, email it to 2bulls@financialineptitude.com or post it in our Discord.About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteSocials:Follow Rich on TwitterHomework:Define the different market moodsStudy charts to find examples of each type of market mood, and determine how often each occursWhat mood is the Market Hell for each strategy? What mood is the Market Heaven?What are the attributes of your Market Heaven?If you like our show, please let us know by rating and subscribing on your platform of choice! If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Links:2 Bulls DiscordChina Shop MerchAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In the first installment of our newest limited series with Rich Friesen of Mind Muscles Academy, we're taking aim at improving our trading psychology. Join us as we discuss why psychology is so important to successful traders and how we can begin to measure and understand its effects on our results. Rich also explains how to take inventory and track our mentality by using S.E.T. (Sensations, Emotions and Thoughts) scores and explains the difference between lousy and lucrative trades. We welcome everyone to follow along with the homework assignments and look forward to the opportunity to learn from one of the best!If you have a question to submit for next month's episode, email it to 2bulls@financialineptitude.com or post it in our Discord.About Rich:Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. Rich recently published “A Private Conversation with Money,” which observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Mind Muscles WebsiteCocky Clanger (Blog)Socials:Follow Rich on TwitterHomework:Track S.E.T. scores as frequently as possible throughout trading sessions (until it becomes habit)Create (or Update) a Daily Affirmation that does not include deterministic outcomesDevelop the criteria that needs to be met in order to step into the Executor roleIf you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!Paypal donation link2 Bulls Links:2 Bulls DiscordChina Shop MerchAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Old Trading Methods are Out-Dated, Now there's Outcome Trading w/ Peter Harrigan - BRT S03 EP33 (132) 7-17-2022   Things We Learned This Week Democratizing expertise around trading derivatives thru new tools & software. Reengineering the derivatives market, so we do not need to rely anymore on failed experts w/ outdated methods & tech. New World: Outcome Trading™- Hedgers simply graphically draw a curve describing the monetary compensation they require in a trade if the price of an asset were to decline (or increase). Trading Tech is an upgrade to traditional Commodities markets that are restricted, that will be available to everyone worldwide to use Crypto Trading of BTC & Ethereum to start. Quick setup of trades, use Crypto wallet to secure. No margin Calls – fully collateralized trades, using Stablecoins with asset backing Much of the world does not have access to derivatives markets (no hedging on investments), Hedging platform for businesses in places without good financial markets.       Guest: Peter Harrigan – Co-Founder Outcome Trading https://www.linkedin.com/in/peterharrigan/ https://outcometrading.org/   Outcome Trading – old world: derivatives In today's world, risk transfer is achieved through derivatives, using highly specialized language, and opaque structures which pre-date modern information technology. Centralized financial institutions focus on high volume markets that ignore the long tail.   new world: outcome trading™ Hedgers simply draw a curve describing the monetary compensation they require if the price of an asset were to decline (or increase). Investors graphically describe the financial outcome they desire from price appreciation (or depreciation).   Democratizing expertise around derivatives through new tools and software. How failure by experts impacts us all Protecting oneself or one's business in high-volatility markets Reengineering the derivatives market, starting from a blank sheet of paper   Bio: Peter Harrigan   Peter is the Co-Founder of the game changing trading software, Outcome Trading.   Peter also has founded Grey Swan Digital which developed the technology behind PlastiCurv. PlastiCurv was developed to transform financial risks into opportunities - opportunities for return, diversification and social benefit. Peter's mission was to create an intuitive and visual platform that anyone can understand, re-engineering the $600T derivatives market and making its benefits available to anyone in the world.   Peter's long and successful career as a trader started when he developed a tradable arbitrage employed at the CME and CBOT. Peter later made markets in foreign exchange at Bank of America, currency options on the floor of the CME, and equity options on the floor of the Pacific Exchange. He also co-founded Sentient Technologies, a company developing commercial applications of a highly distributed evolutionary learning technology. After a successful exit from Sentient, Peter turned his attention to the crypto industry in 2014, attending the first ethereum meetups, & going on to participate in the Ethereum presale.     Notes: Arbitrage strategy in 1980's Call broker and put in order Market squeezed our strategy B of A, work in pit CME High Frequency Trading – Outcome trading – drag and drop method – draw curves to get outcome Costs / profit and losses Crypto and wallets needed No margin call – fully collateralized. Stablecoins with asset backing Trade setup is quick Crypto BTC and Ethereum In long run – add to new indexes Less liquid markets Probably no options on smaller crypto ETFs of BTC and ETH based on futures, hot costs – not a pure ETF Nick Carter – Stablecoins Tether held, Luna decreased folded Analogy of subprime loans with Luna Stablecoin collapse / Terra People have to keep learning lessons. DAI Stablecoin Hedging USDC on chain – Movement of money in developing world – i.e., Africa U.S. has financial markets and banks, not the case worldwide. Spoiled. Derivatives markets started in mid-west with commodities for futures. Pre-sell your products Mid-west didn't have NY financial markets. Real estate largest asset class, but not good derivatives market. Non-linear and customizable derivative Developing countries still using dollars – use derivatives to hedge BTC with a wallet. Platform for people with less financial infrastructure – Adoption – jumps curves, like cell phones. Hedging platform for businesses in places without good financial markets. Who is other side of the trade – to finalize trade – both sides put in AMM (Automated Market Maker) Counter party risk No margin calls Manage risk Leverage built Wrecked – 20 or 50:1 lev. Depends on instruments used Stocks – 2:1 Real estate – 20:1 Crypto? Series of call or put spreads to cap loss Inflection points in curve 4#'s – Collateral for trade Premium If goes up If goes down Power of visual Model it and believe will not happen Every market has a limit     Replay Clip from: Options vs Stocks & Trading vs Investing w Tom Sosnoff of tastytrade   Things We Learned This Week Implied Volatility & Time Decay – options begins with volatility, on a clock so Mechanics (forget mind set) on how to setup a trade is key tastytrade is a media network based on Math (Probability & Statistics - Look at the Math), trading & focus on markets  Limited Profitability & Unlimited Risk when you Sell Puts w/ 80% chance of success - Be a Seller of Options – let Market beat you, slight edge Trade Small, Trade Often - Law of Large Numbers w/ 45 DTE Strike Price of 1 SD – Exit or Roll at 21 DTE Options Trading Teaches Life Lessons – Important to: take risks, learn to take risks, make quick decisions, be decisive about those decisions.   Guests: Tom Sosnoff, founder & CEO of tastytrade https://www.tastytrade.com/ https://twitter.com/tastytrade   FULL SHOW: HERE     Tech Topic: https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science   Crypto / Blockchain Topic: https://brt-show.libsyn.com/category/Crypto-Bitcoin-Blockchain   ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT   Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement   More 'Best of Investing': Here     Thanks for Listening. Please Subscribe to the BRT Podcast.      Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving.  Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more…  BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/   Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.  

Chicago-native David Eglit wasted no time out of school finding a job on one of Chicago's trading venues. Quickly rising through the ranks at Timber Hill, David was sent to San Francisco to help establish a presence on the floor of the Pacific Exchange. In this interview David discusses his career as an equity, options and futures trader for Timber Hill and how he came to head up the frenetic Block Execution services at Interactive Brokers. IBKR Options and Bond Desk Resources: https://www.interactivebrokers.com/en/trading/pdfhighlights/PDF-OptionsDesk.php optiondesk@interactivebrokers.com bonddesk@interactivebrokers.com   Disclosure: OPTIONS TRADING Options involve risk and are not suitable for all investors. For more information read the Characteristics and Risks of Standardized Options, also known as the options disclosure document (ODD). To receive a copy of the ODD call 312-542-6901 or copy and paste this link into your browser: http://www.optionsclearing.com/about/publications/character-risks.jsp

Richard Friesen works with people who want to increase their personal effectiveness with joy and grace. His neuroscience-based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support, and real-time decision processes. SPONSORS SneakerCreatures: https://www.sneakercreatures.com/ USE PROMO CODE: NICKLUGO for 10% discount on all sneakers Richard has been a futures broker for Merrill Lynch, a floor trader on the Chicago Board of Trade, The Chicago Mercantile Exchange, and the options floor of the Pacific Exchange where he built and sold a successful options trading firm. He also served on the Exchange's board of directors. He founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification, and neuroscience focus, brings a unique framework to business, investing, and career success. On The Nick Lugo Show, he talks about his new book, A Conversation with Money, where he tries to understand a proper relationship with money. He explains how to avoid being controlled by it, to avoid being its slave, and to avoid feeling guilt about having money. He digs into my brain, to understand my relationship with money too (It was pretty weird). This will be great for young business students, trying to figure out how to build a career. https://conversations.money/ (https://conversations.money/) https://mindmuscles.com/ (https://mindmuscles.com/) https://www.linkedin.com/in/friesen (https://www.linkedin.com/in/friesen) SPONSORS SneakerCreatures: https://www.sneakercreatures.com/ USE PROMO CODE: NICKLUGO for 10% discount on all sneakers PODCAST INFO: Podcast website: https://nick-lugo.com/ Apple Podcasts: https://podcasts.apple.com/us/podcast/lugos-journey/id1527159307?uo=4 Spotify: https://open.spotify.com/show/1OrMPWEyIGIdQpBkNEZqe0 RSS: https://anchor.fm/s/3ffb95d4/podcast/rss YouTube Full Episodes: www.youtube.com/NickLugoShow YouTube Clips: www.youtube.com/channel/UC_IEc5zSq7grb4lgGGEcqUw SUPPORT and CONNECT: – Twitter: https://twitter.com/NickLugooo – Instagram: https://www.instagram.com/nick.lugo/ – LinkedIn: https://www.linkedin.com/in/nick-lugo-2a7124208/ – Facebook: https://www.facebook.com/nicholas.lugo.311 – Email: nicholasanthonylugo@gmail.com

This week in the Shop, our good friend and fan favorite Richard Friesen stops by to update us on his upcoming book, Conversations with Money. Rich also managed to come at a time when the shop needed him, as he helps Dan work through the psychological issues holding him back in his development. About Richard FriesenRichard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes.Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. His current passion is completing his forthcoming book “Conversations with Money.” This book observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth, and is scheduled for release on 12/18/2021Guest Links:Free Online Trading AssessmentOnline Course: Compass Lockdown EditionPrivate CoachingMindMuscles for Traders WebsiteBook: Conversations with MoneyIf you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!2 Bulls Discord:https://discord.gg/Q8hft2zMTMAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

China Shop favorite Richard Friesen returns to talk to the guys about their progress. Dan and Kyle share their shop rules and Richard elaborates on the psychology behind our common mistakes. Our guest shares some of the methodology of his Mind Muscles system and how it can help our trading behaviors as well as sharing more details about his upcoming book. Richard also goes into detail on the importance of implied volatility when trading options. After regretting a quick peek into Dan's mind, we wrap things up, we quiz our guest on his hand signal knowledge!If you want to learn more about Richard's book, Conversations with Money, you can email him at Rich@mindmuscles.com with "Conversations with Money" in the subject.Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes. Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master's Degree in Clinical Psychology, Neurolinguistic Programing Master's certification and neuroscience focus, brings a unique framework to business, investing and career success. His current passion is completing his forthcoming book “Conversations with Money.” This book observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth.Guest Links:Free Online Trading AssessmentOnline Course: Compass Lockdown EditionPrivate CoachingMindMuscles for Traders WebsiteBook: Conversations with MoneyIf you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here! 2 Bulls Discord:https://discord.gg/Q8hft2zMTMAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This week Richard Friesen visits the China Shop to talk to the guys about the mindset of a successful trader and to share his experiences trading options. Richard also puts his Psychology degree to work to help one of the guys get to the root of one of his biggest trading flaws. Richard Bio: Richard Friesen works with professionals and business leaders who want to increase their personal effectiveness with joy and grace. His neuroscience based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support and real time decision processes. Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm where he served on the Exchange's board of directors. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master’s Degree in Clinical Psychology, Neurolinguistic Programing Master’s certification and neuroscience focus, brings a unique framework to business, investing and career success. His current passion is completing his forthcoming book “Conversations with Money.” This book observes the main character “Joe” who deals with all the conflicts, self-sabotage and belief systems around money and wealth. Links: Free Online Trading Assessment ( https://www.surveygizmo.com/s3/4525187/Your-Personal-Trading-Compass-2018-08-16 ) Online Course: Compass Lockdown Edition ( https://www.youtube.com/channel/UCKywiJmo2z66ylCOQSJ64hw ) Private Coaching ( https://mindmusclesfortraders.com/coaching/ ) MindMuscles for Traders Website ( https://mindmusclesfortraders.com ) Book: Conversations with Money ( https://conversations.money/ )

Ian Formigle is a real estate professional and serial entrepreneur with over 25 years of experience in real estate private equity, equity options trading, and start-ups. Ian is Chief Investment Officer at CrowdStreet, overseeing its marketplace, an online commercial real estate investment platform that has completed over 500 offerings totaling over $16 billion of commercial real estate. Ian is the author of “The Comprehensive Guide to Commercial Real Estate Investing” and he is a contributing author at Forbes.com. Prior to joining CrowdStreet, Ian was VP of Business Development for ScanlanKemperBard Companies, where he managed the firm’s alternative investment platform and served as a senior acquisitions officer. Previously, Ian cofounded and served as CEO of Clarus Property Ventures, a regional real estate private equity firm that focused on multifamily acquisitions. Ian began his career as an equity options market maker and member of the Pacific Exchange. Ian holds a BA in Economics and a BA in Political Science from the University of California at Berkeley as well as Series 7 and 63 licenses.   In this episode, we talked about: Ian’s real estate journey Commercial Real Estate’s various asset classes Crowdfunding in real estate Covid’s impact on real estate Co-working space And MUCH MORE! Resources and Links: Connect with Ian https://www.crowdstreet.com/

Richard Friesen is the creator and developer of the innovative and exclusive “Mind Muscles™” training process that turns the psychology of trading on its head. He works with financial professionals, independent traders, business leaders and entrepreneurs who want to expand their mental game to make more consistent profits. With in depth experience as a broker, floor trader, financial software developer and entrepreneur, he brings concrete real world experience to his clients. (See client and student comments here). During the years dedicated to building Mind Muscles™, Rich was an independent consultant to the financial industry specializing in intellectual property development and management. He also founded and built ePIT Systems, a software company which produced internet exchange software solutions for the regulated and over-the-counter market places. At ePIT he designed and received ten significant patents on electronic trading interfaces. ePIT’s systems and patent technology were purchased by Hitachi and then by a major Chicago trading firm. Prior to ePIT Systems, Mr. Friesen founded, built and sold Trade Management LLC, one of the most consistently profitable options and equity trading firms on the floor of the PSE. He created a way to visualize option values that enabled his floor traders to instantly execute trading opportunities. As a member of the Pacific Exchange, he also served as Exchange Director. He has traded grains on the floor of the Chicago Board of Trade and equity futures on the Chicago Mercantile Exchange. Rich holds a B.A. in Philosophy, a Masters Degree in Clinical Psychology and is a graduate of the Gestalt Institute in San Francisco along with Master’s certification in Neuro Linguistic Programming (NLP). His background in psychology has been instrumental in his development of his Mind Muscles™ training programs that supports the financial and business community. Mr. Friesen is a popular speaker on topics of the psychology of money management, politics and personal transformation and is writing a book entitled: “Conversations with Money”. You can call Rich at 415.488.6505

Subscribe to How To Trade ItMichael Filighera started trading on the Pacific Exchange in 1979. He has been a professional trader for 40+ years. His journey started when he was taking classes at the Chicago Conservatory of Music. During breaks in classes, he would walk to the Chicago Board of Trade and watch them trade. He was fascinated. After he graduated he moved back to San Francisco, where a friend invited him to the Options Market-Maker trading floor. Michael was attracted to the energy he felt from the traders. When his friend asked him to become his clerk, he quickly pointed out that he only had experience with music. But his friend emphasized that music is the same. Music breaks down into numbers and trading is about the numbers. Michael became a trader and never looked back. Listen to this episode of How To Trade It to hear his story, his trading strategy, and learn about his love for teaching. You’ll want to hear this episode if you are interested in...[0:26] Michael’s transition from music to trading[7:15] Why Michael loves working with beginners[10:39] What Michael trades and why[12:05] Michael’s recommendations for beginners[18:23] The importance of measurements[24:18] How to connect with MichaelResources & People MentionedNASDAQ 100CME GroupConnect with Michael FiligheraLogical SignalsConnect on LinkedInFollow on TwitterConnect With Casey StubbsWebsite: https://caseystubbs.comSubscribe! https://www.youtube.com/caseystubbsTwitter: https://www.twitter.com/caseystubbsFacebook: https://www.facebook.com/caseystubbsLinkedIn: https://linkedin.com/in/caseystubbsNewsletter: https://financeandmarkets.com/ Subscribe to How To Trade It Support the show (https://caseystubbs.com)

Casino floor or trading floor, Bob Bright has forever sought an edge for favorable odds… Counting cards in Las Vegas at blackjack tables, calculating three-way options at the Pacific Exchange, pairs trading correlated stocks, exploiting the tracking error of leveraged ETFs; Bob’s always pursued a mathematical advantage to win the game. Also considered by many as a pioneer of proprietary trading, Bob and a partner formed Bright Trading in 1992—at its peak, the firm was home to 490-traders across 42-offices in the U.S. Today, at 80-years of age and undoubtedly a market legend, Bob remains an active trader and a serious high stakes poker player.

With money comes great responsibility, and it is crucial to know about the major money mistakes to avoid. People often make the biggest mistakes when they handle money, and the focus of our next podcast show will seek to guide us away from these choices. About the Guest Richard Friesen, our guest for this episode, has gathered a significant amount of experience from working as a futures broker for Merrill Lynch, a floor trader in the Chicago Board of Trade, The Chicago Mercantile Exchange, and has served on the options floor of the Pacific Exchange where he is credited with the success of a start-up options trading firm. The title of the episode is “How To Foresee and Manage Extreme Events." Subtopics to be discussed include: What are some of the popular misconceptions that people have about making money or just about money in general? How to have a conversation with money? Overcoming persistent mistakes with money, our jobs, and our relationship. The three “Golden Keys” to personal development. Tune in to benefit greatly from this! De La Fit Podcast Ep. 73 Season 7 Follow us on Instagram Follow us on Facebook Follow us on twitter --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/delafitpodcast/message

Ian is a real estate professional and serial entrepreneur with over 20 years of experience in real estate private equity, equity options trading and start-ups. Ian is Vice President of Investments at CrowdStreet, overseeing its marketplace, an online commercial real estate investment platform that has completed over 325 offerings totaling some $12 billion of commercial real estate. Ian is the author of “The Comprehensive Guide to Commercial Real Estate Investing” and he is a contributing author at Forbes.com. Prior to joining CrowdStreet, Ian was VP of Business Development for ScanlanKemperBard Companies, where he managed the firm’s alternative investment platform and served as a senior acquisitions officer. Previously, Ian cofounded and served as CEO of Clarus Property Ventures, a regional real estate private equity firm that focused on multifamily acquisitions. Ian began his career as an equity options market maker and member of the Pacific Exchange. Ian holds a BA in Economics and a BA in Political Science from the University of California at Berkeley as well as Series 7 and 63 licenses. Give Iana follow on these platforms: Web: www.crowdstreet.com LinkedIn: https://www.linkedin.com/in/ianformigle/   —   If you’re interested in real estate investing, particularly passive real estate investing Dwaine Clarke has the resources you need to achieve financial freedom and wealth. If you are an accredited investor you can partner with Dwaine in a passive investment opportunity, receiving all the benefits of an active owner without being an active owner.   http://dwainelclarke.com/invest-with-dwaine   Thank you and I appreciate you watching this video. Please like, subscribe, and share with others that you may find this valuable. Your comments are useful and helps us generate better quality content based on your feedback.   —   Subscribe to my channel here: https://www.youtube.com/channel/UCb66-jA-WR4-LlJqp8Sn2wg?sub_confirmation=1   —   Dwaine L. Clarke is the Founder and Managing Partner of Jackson Clarke Capital Partners a real estate investment firm focused on the acquisition and re-positioning of Apartment properties in major metropolitan markets.   http://jacksonclarkegroup.com   In addition to Jackson Clarke Capital, Dwaine is also the Founder and President of GCT Net Lease an investment real estate services firm exclusively focusing on Single and Multi-Tenant Net Lease Properties. The firm provides a full range of brokerage and advisory services nationwide to High Net worth Investors, Developers, REITs and Institutional Investment Funds.   http://buynnnproperties.com   Dwaine is also the host of Wealth Through Real Estate Investing and Small Business, Big Ideas Podcasts. He is also the author of three best selling real estate investing books.   —   Follow Me Online Here:   Instagram: https://www.instagram.com/dwainelclarke/ Facebook: https://www.facebook.com/DwaineClarkeOfficial LinkedIn: https://www.linkedin.com/in/dwaineclarke/ Website: http://dwainelclarke.com Twitter: http://twitter.com/dwaineclarke Medium: http://medium.com/@dwaineclarke Sound Cloud: https://soundcloud.com/dwaineclarke Podcast: http://dwainelclarke.com/podcast   Subscribe to my VIP Newsletter for upcoming investment opportunities, exclusive content and giveaways here: http://dwainelclarke.com/VIP

Ian Formigle is a real estate professional and serial entrepreneur with over 19 years experience in real estate private equity, startups and equity and options trading. He has extensive experience in acquisitions, capital formation, directing teams, structuring deals, syndication, asset management, financial markets and investor relations.Prior to joining CrowdStreet, Ian was VP of Business Development for ScanlanKemperBard Companies, where he managed the firm’s alternative investment platform and served as an acquisitions officer on a team that completed $460 million of commercial real estate acquisitions during his tenure. Previously, Ian cofounded and served as CEO of Clarus Property Ventures, a real estate private equity firm that focused on multifamily acquisitions in southern and midwestern states. Ian began his career as an equity options market maker and member of the Pacific Exchange.Ian holds a BA in Economics and a BA in Political Science from the University of California at Berkeley and is a FINRA registered representative with Series 7 and 63 licenses.Connect with Ianwww.crowdstreet.comLinkedIn – Ian FormigleFor today’s show, including audio and links to all the resources mentioned, visit www.limitless-estates.com/podcasts. For today’s video feed, visit our YouTube channel. To get access to our free Passive Investors Guide and monthly newsletters sign up at www.limitless-estates.com Schedule a free call with Kyle or Lalita here To find out more about partnering or investing in a multifamily deal email info@limitless-estates.com. Local to Southern California? Attend our monthly meetup focused on Out of State Apartment investing. View our schedule at https://www.limitless-estates.com/events/meetups Join our Facebook Group - Passive Income through Multifamily Real Estate Have a question you would like answered on the show? Email us at info@limitless-estates.com.

In Episode 89, we welcome legendary market veteran, Blair Hull. We start per usual, with our guest’s background. In this case, long-time Meb Faber Show listeners may think they’ve heard it before. That’s because Blair’s background shares an interesting similarity with that of Ed Thorp – the card game, Blackjack. It turns out Blair made a considerable sum of money playing Blackjack after reading Ed’s writings on the game. Blair tells us you needed an advantage, and then you need to stay in the game. That’s why he played with a team. More hands played according to their system tilted the odds in his favor. This is a fun part of the podcast you’ll want to listen to for all the details, including Meb’s foray into card counting with a partner that botched the system after drinking too many Bloody Mary’s. Eventually, Blair took his winnings and used them to get a seat on the Pacific Exchange, where he became a market maker and began trading options. Blair tells us he was intrigued with market timing, resulting in a paper he wrote which concluded that you can time the market. Meb asks about the genesis of Blair’s market timing strategies. Blair points back to Blackjack – each different card provides an idea about the future. In a similar way, various indicators provide an idea about a market’s future. So, part of the challenge is which indicators do you consider and what weights do you put on them? Next, Meb digs deeper, asking for more specifics of Blair’s strategy, inquiring about the indicators. Blair mentions one indicator that piqued his interest – the Federal Reserve Bank Loan Officer Survey. They found the correlations with 6-month returns was about 30%, which is a fairly high correlation for an indicator. He then took this indicator and combined it with a few others and ran a regression with no forward-looking bias to see if they could exceed the returns of the S&P. What were the results? You’ll have to listen. The conversation bounces around a bit before Blair mentions how valuation is one of their key variables. He tells us his valuation method combines three different aspects: CAPE, cyclically adjusted dividend yield including buybacks, and book-to-price. The guys spend a while discussing the various inputs in Blair’s model before discussing sentiment (which Meb calls “squishy). Both guys like sentiment, with Blair even having invested in two different firms that are using Twitter feeds so he can get a better handle on sentiment. Next, Meb asks about AI, and how machines may affect investing going forward. Blair has a proprietary trading firm that operates on a high frequency basis, so he gives us his thoughts, noting that a key to maximizing wealth is to use an optimal-sized bet. Meb changes direction, asking what Blair is excited about today. It turns out Blair is focusing on the stigma of market timing. He believes it will be irresponsible not to be involved in market timing over the next 30 years. That’s because when we have correlations that really go to “1” when we have a disaster, getting an edge in the market is critical.   There are a couple quick questions – Blair’s favorite indicator, and Blair’s advice to young quants looking to get into quant finance today, but then we turn to Blair’s most memorable trade. This is a great one involving the crash in ’87, when Blair was a market maker. Don’t miss it.   There’s plenty more in this great episode featuring a true market legend, including why Blair tells us “Emotions will kill you in this game.” That and far more in Episode 89.

Blair Hull has been labeled by Forbes as, “One of the most successful traders of the last 40 years,” and he was also profiled in Jack Schwager’s, The New Market Wizards. Prior to trading, Blair was a serious Blackjack player for 5-years during the 70’s. From there he took his winnings to the the Pacific Exchange to trade mispriced options, and in 1985, he founded one of the world’s premier market-making firms, Hull Trading. At its peak, Hull Trading was active on 28 exchanges in nine countries. Then in 1999, the firm was acquired by Goldman Sachs for $531 million dollars. Today, Blair is the founder of Hull Investments—the parent company of an actively managed ETF, Hull Trading Asset Allocation, and proprietary firm, Ketchum Trading. Listening to this interview, you’re going to hear more about Blair’s career and his observations as a trader, why he believes great things happen in teams, and why everything revolves around having an edge. - - Sponsored by TechnicianApp.com – For professional-grade charts and technical analysis tools everywhere you go, use Technician—it’s FREE!

Talk from "Fairness Conference: An Interdisciplinary Reflection on the Meanings of Fairness." Co-sponsored by the Emory Office of the Provost, the Emory Cognition Project, the Center for Mind, Brain, and Culture, and the Emory Center for Ethics, October 18-19, 2012.

Talk from "Fairness Conference: An Interdisciplinary Reflection on the Meanings of Fairness." Co-sponsored by the Emory Office of the Provost, the Emory Cognition Project, the Center for Mind, Brain, and Culture, and the Emory Center for Ethics, October 18-19, 2012.

Allen Maxwell and Scott Paton talk the latest in Financial news. Keeping you up to date in the world of Options and Forex.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

Allen Maxwell and Scott Paton discuss the latest Stock news and how to trade when the stock market drops in value.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

More on how to profit from Options tradingOption trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

Allen walks you thru the Wall Street Genoius softwareOption trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

Allen shares the ins and outs of Options trading using his program, Wall Street Genius. 65 minutes long and packed with greta insights into trading,Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com

Discover how to tell a good trade from a poor one. Allen Maxwell talks with Scott paton about th eevents he looks for using real data on a randomly picked day.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com and www.wallstreetgenius.com

We discuss more day trading options strategies. What are your success criteria? And how can you achieve it using Options.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com

Today we discuss how to keep 'Road Rage' out of your trading day. Too often, emotions rule the trader's perceptions to their loss. PLus EMA indicators.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com

Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading. Option trading is becoming more and more popular among individual traders, professionals and institutional investors as it may be extremely rewarding provided that the decisions are well-elaborated and grounded on research. Like all investments, option trading carries a certain element of risk. Raise cash safely and immediately... Let help you to make money quickly. So, what is option trading system all about? Basically, options are contracts concluded between two parties, the buyer and the seller, giving the former rights for the purchase or sale of some underlying asset, with specification of price and validity period. They are also called derivatives for two reasons: the first one claims that option trading derived from stock and futures trading; and the other one explains that option price always depends on (derives from) the value of the underlying (be it stock, index or some commodity). Option buyer (holder) can exercise his/her prepaid option to dispose of some financial product within agreed time interval but is not obliged to do it. On the other hand, option seller (writer) is obligated to agree to either of the buyer's decisions. An obvious advantage of option trading is that money can be made without large investments of capital. You can look for a more detailed Option Trading Definition in the respective article by clicking on the link.Calls and PutsThe two types of options are calls and puts:A call gives the holder the right to buy an asset at a certain price within a specific period of time. Calls are similar to having a long position on a stock. Buyers of calls hope that the stock will increase substantially before the option expires.A put gives the holder the right to sell an asset at a certain price within a specific period of time. Puts are very similar to having a short position on a stock. Buyers of puts hope that the price of the stock will fall before the option expires.

Audio File:  Download MP3Transcript: An Interview with Heidi Roizen Managing Director, Mobius Venture Capital Date: August 15, 2007 NCWIT Interview with Heidi Roizen BIO: Heidi Roizen has spent her entire life in the entrepreneurial ecosystem of Silicon Valley, first as an entrepreneur and ultimately as a venture capitalist helping other entrepreneurs build the great companies of tomorrow. She is currently a Managing Director of Mobius Venture Capital, a venture fund with over $2 billion under management. In that capacity, Heidi serves on the Boards of Directors of Reactrix, Ecast, Perpetual Entertainment and AuctionDrop. Heidi began her career in 1983 by co-founding T/Maker Company, a software publisher and developer for early personal computers including the IBM PC and the original Macintosh. As CEO, Heidi led the company for over a decade, raised two rounds of venture capital and ultimately consummated a successful acquisition of T/Maker by Deluxe Corporation. In 1996, she joined Apple Computer as VP of Worldwide Developer Relations. After one year at Apple, Heidi decided to return to her entrepreneurial roots, this time as a Mentor Capitalist and ultimately a Venture Capitalist. Heidi has also been actively involved in the trade associations critical to the Valley. She is a past president of the Software Publishers Association and served on its board from 1987 to 1994. She also represented the venture industry as a member of the Board of Directors of the National Venture Capital Association from 2003 to 2007. She also served on the board of Great Plains Software from 1997 until its acquisition by Microsoft in 2001, and is a past Public Governor of the Pacific Exchange. She is also a frequent guest lecturer at Stanford as well as a speaker at conferences for technologists, entrepreneurs, or women executives. Heidi holds a BA and an MBA from Stanford University. She is married to orthopedic surgeon David Mohler and has two daughters. Lee Kennedy: Hi. This is Lee Kennedy, board member of the National Center for Women and Information Technology, or NCWIT. And this is part of a series of interviews that we're having with fabulous entrepreneurs, women who have started IT companies in a variety of sectors, all of whom had insightful stories to tell us about being entrepreneurs. With me, I have Larry Nelson, from w3w3.com. Hi, Larry. How are you doing? Larry Nelson: Oh, great. It's wonderful to be here again. And one of the things that is so exciting for us at w3w3.com is that we are helping support, I think, the most fabulous program that we've experienced since we got in the radio business in '98, and the idea that we're helping inspire young women, girls, getting into IT, looking into that, as well as being an entrepreneur. But now, we're also getting phone calls from business leaders, people in schools, who say, "This is such a great program. We'd like to help promote it, too." Lee: Well, that's wonderful. Larry: One of the interesting things that we have here that's a little bit of a twist is that we're interviewing an entrepreneur who became a venture capitalist, and also, of course, then, therefore works and helps support entrepreneurs. And we're very pleased that we're interviewing Heidi Roizen, who is a managing director of Mobius Venture Capital. And we've got a little bit of a twist here. Lee and I are here in Colorado, and Lucy Sanders, the CEO and founder of NCWIT, is in California, at Heidi's home base. So, Lucy, let's get started. Lucy Sanders: All right. Hi, everyone. I'm sitting here with Heidi in her beautiful home in Atherton. I've been here a few times, and I just think it's so much fun to be here and interview you here in your office. Heidi Roizen: Well, thank you. I hope the dogs don't participate. Lucy: Or they might. They might have something profound to say. Heidi: They often do. Lucy: One of the things that makes it so exciting to interview you is that when I think, about Silicon Valley, I think, about you. And I think that you're synonymous with Silicon Valley. You've done a lot, as Larry mentioned. You've started companies. You're in venture capital. You were educated here at Stanford. You're a part of the community... Heidi: I was actually born at the Stanford Hospital, which I think, I'm probably the only one in Silicon Valley... Lucy: And why don't you spend a minute or two bringing us up to speed about what you've been doing lately? Heidi: Well, I am currently serving on four boards. They keep me very busy. They are all companies that are definitely not in their "two guys and a dog and a laptop" stage any longer, but they're all still companies that aren't through to the end of the road yet. So, lots of interesting challenges in terms of recruiting, customer acquisition, strategic business development, and all the normal things one goes through in startup land. So, I'm working on those companies, and then I'm working on a few entrepreneurial ventures on the side, helping out some friends. I always love having my fingers in the very, very early stages, and so I like having a few of those to work on as well. Lucy: Well, and I happen to know you're very generous with your time for nonprofits and for Stanford students. Heidi: Yeah. Lucy: The last time I was here, we had a great dinner, where you brought them back to your home. And I think, you're going to have some great advice for us, so why don't we just get right to the interview? Heidi: OK. Lee: Well, Heidi, I'll jump in and ask our first question, and that's: how did you first get into technology? Was it when you were a child or in college? And then, what technologies do you think are really cool today? Heidi: OK. Well, the first question is one that I think, if you're born and raised in Silicon Valley, at this time ‑ born in 1958, graduated from Stanford, undergrad in 1980 ‑ you couldn't help but apply for a job and end up at a tech company. So, even though I was not a technologist ‑ in fact, my undergraduate degree is in creative writing ‑ I ended up as the editor of the company newsletter for a little startup called Tandem Computers. Lee: Wow. Heidi: And that's really where I got my first inkling that there was something really exciting about the computer industry. What I realized, at that time, was I kind of looked around, and everybody getting ahead either had an engineering degree or an MBA. And it was a little late for me to go get an engineering degree, I thought, but I figured the MBA thing looked like a pretty good idea. So, I went back to Stanford and got that, and really fell in love with personal computing at the time. It's hard for people... I mean, I sound like such an old geezer when I say this. But, I was the class of 1983, and there were only three people ‑ I was one of them ‑ who owned their own personal computer at school. And now, can you imagine being a graduate student and not having a personal computer? You'd be hopeless. So, started my company right out of school and just never looked back. I had the good fortune to have a brilliant programmer as a brother, who really didn't like the business side, and I loved the business side. And the thing I like to tell people, often, who are non‑technologists, who wonder about being in the technology field, I tell them, "You know, need a mix of people." I don't have to know how to build a car to drive one. And in fact, I'd say, particularly in my early times working with my brother, who was the genius programmer, sometimes he'd build features that were so genius that only he could use them, and they weren't very practical. So, I think, sometimes it's good to be the petunia in the onion patch, as I used to call it in the development hall. Lucy: Tell us a little bit about the technology that you're thinking about as being the next wave of technical, cool gadgets. Heidi: I think, gadgets is always a slippery slope, because there are gadgets that I just love. I mean, we're investors in Sidekick and Sling, so we definitely have some gadgets companies out there. If any of you have seen a Reatrix system in the malls and in the theaters, and the Reactive television systems, or an Ecast jukebox ‑ we've got tons of portfolio companies I can tell you about that all have exciting gadgets and technologies. To me, where I'm focused right now is I've been thinking a lot about the demographic that is me ‑ the woman who still wants to look good and feel good, who has more free time, who has more money, who, however, still has family obligations, has a career. We're hitting 50, and when our parents hit 50, we thought they were pretty much close to death... Heidi: Now, we are shocked to find that we are 50. And I think, what's interesting is that the Silicon Valley ‑ and it's a little bit like Hollywood ‑ get so focused on youth and the youth culture and the spending money that youths have and advertising to youths. And while I've got nothing against young people, I think that the people my age and women my age have been an underserved demographic, when it comes to utilizing the web as a medium for exchange, as a community, as an outlet for all sorts of things and a place to go learn about things. And I'm seeing more and more activities around that, and I can't tell you how many times... this is probably hitting all of my same‑age brethren entrepreneurs, but we're all sort of getting up and saying, "I don't really want to start the next teen cell phone. I really want to start something that my friends and I could use." And so I'm seeing a lot of really interesting companies come about, a lot that combine community with some of the really innovative things that can be done online. Lucy: Give it some time. Heidi: Yeah. Lucy: Give it some time. Larry: Yeah, you bet. I'm not that old yet. But, anyhow... Lee: That's right, Larry. Larry: They're laughing... Heidi: Somebody once asked me to predict the future of venture investing, and I said, "Just about the time we finally invest in the ultimate weight‑loss pill and the instant‑tan pill, culture will change so that it's not cool to be thin and it's not cool to be tan, and we'll lose again." Larry: Oh, boy. My personal friend, Mark Twain, said, "Youth is wasted on the young." Heidi: That's right. Larry: Anyhow. I can't help but ask this, Heidi. Many people don't look at venture capitalists as entrepreneurs, but anybody who is a managing director, believe me, they are entrepreneur. But, of course, Heidi has the background and experience of being an entrepreneur. She's now continuing to support and work with entrepreneurs. What is it about you that makes this all happen? And what makes it tick, in terms of an entrepreneur? Heidi: Well, there are so many answers. And I've had the pleasure to listen to many of your wonderful speakers on this series before myself, and I think, a lot of things have been mentioned about tenacity and creativity and mission and a passion about what you're doing. There are so many things that I can think of. And of course, if you look me up on LinkedIn, I refer to myself as a "recovering entrepreneur," which is a little bit of an inside joke at Mobius. We're recovering entrepreneurs. Heidi: I think, what I had to learn, going from being an entrepreneur to being a venture capitalist, is it's like being the quarterback and then being the coach. When you're a venture capitalist, you do work behind the scene, you do help a lot. But, they're sort of not your losses, and they're not your victories. And if you're doing your job right, the entrepreneur is on the cover of "Time" magazine, not you. When you're an entrepreneur, the buck stops here. It's funny. I just went on a walk with a fellow entrepreneur of mine, and he was talking about a friend who used to be a vice president of a big company and is now the CEO of a small company, and one of the things he was saying to her is, "Now you understand how the buck really stops here." Heidi: And I think, for me, what really defines an entrepreneur is something that somebody said to me once. When I was running T/Maker, we had this product line called ClickArt, which is still around today, and it's basically electronic clip art. But, you have to remember, when we did that product in 1984, there were no scanners; there was no PostScript; there was no anything. We were literally sitting artists down, at 128K max. We didn't even have a stylus. They were drawing with the mouse in 72 DPI to create electronic clip art. I mean, that's as basic as it was. And when we shipped that product, I remember staying at a trade show, and I can't remember how many people came up to me and said, "Wow! You know, I thought of that, too." Right? And in the back of my mind, I thought, "Yeah, you thought of it. But, we did it." Heidi: And I think, for most of these things, it's that "one percent inspiration, 99 percent perspiration." There are so many ideas that just die on the vine because a person doesn't go out and try to actually do them. They think they're a cool idea, but other things get in the way and they don't really work hard at it. And not only do they not work hard at the creative process, but the process I'll loosely call is the destructive process. With entrepreneurs, one of the things I respect the most is, when you come up with an idea, that instead of working on it for the first five days about how you're going to accomplish it, you spend five days trying to prove that it's already been done or it's not doable ‑ not because you're being pessimistic, but before you engage in the creative process, sometimes you have to go and say, "What else is already out there?" And one of my pet peeves as a venture capitalist is when somebody comes and pitches me an idea, and I say, "Have you ever heard about blahblah.com?" And they go, "What's that?" And I get on and I show them, and it's the exact company they were talking about building, but it already exists. My feeling is, today, particularly with Google and other search engines and the Internet, you can find a lot of this stuff out there, and you need to go out and look. But, I do think, ultimately, a long and winding answer, but the short answer is it's like Nike, man. It's "just do it." If you just do it, that's the only way to be an entrepreneur. If you're not willing to just do it, you're never going to be an entrepreneur. Lee: That is such great advice, Heidi, because so many people, even when they just go out and do it, it's not that first idea that they even end up doing sometimes. It's just having the guts to get out there and start the business and get in that industry and figure out what it is. Heidi: That's right. And ask a lot of questions and meet a lot of people and kiss a lot of frogs. Larry: Yeah. Heidi: It's always easy, in retrospect, to say, "Why did I take that meeting with that person?" But you don't know because, just as likely, you could take a meeting with another person. And I just had something happen this weekend, where I was helping someone on a music project. And we were talking to someone who was totally unrelated, and they just said, "Oh, what are you up to?" Totally unrelated to the music industry. And we told him what we were doing, and he said, "Hey, I'm good friends with..." And I won't name the names because it's all proprietary, but let's just say one of the most Grammy‑winning artists in the world. And he said, "I'll give him a call tomorrow and see if he's interested in helping you with this." So, it's like one of those random, like that's not what we were even there to talk about. But, that's how the conversation ended up going, and it could take us in a really exciting direction. You just never know when that kind of serendipitous stuff is going to occur. Lucy: Your remark about 1984, when you were doing T/Maker and you had to have the ClickArt, I just have to go back to that for a moment and say, in 1984, we were trying to draw things in P‑Roth inside... Lucy: That's not revolutionary. Heidi: Yeah, yeah. I remember the first time I showed my husband QuickTime, whenever it came out ‑ 1989, whatever. And I'd bring home my file, because we were under nondisclosure with Apple. And I'd show him this postage‑sized, grainy thing, and he goes, "Wow. I am really underwhelmed." Heidi: For me, as a computer geek, it was so exciting to see television on a computer. And for him, he was like, "Uh, honey? Have you looked at our TV set? It's like a lot better than this." Lucy: Because I know you, I think that one of the things that makes you a great entrepreneur is, in fact, you see potential, and you're willing to take the risk to develop the potential. Heidi: Yeah. It does make one quite dangerous. It's that joke about the person who buys houses because they see the good in every house. And I tend to be a person who sees the upside in things. Which I think, again, in order to be an entrepreneur, you have to be an optimist. You have to believe things are going to work out your way. But, you have to be realistic. And that's where I, again, for lack of a better word, call it the destructive process ‑ testing your idea, going out and thinking about the boundary cases: "What's the worse that could happen here? What's the worse that could happen here? How am I going to prepare for it?" And also going out and really combing the markets to make sure that what you're doing is unique, or, if not unique, that you're going to be the best somehow. Lucy: Well, along the way ‑ you've been here in Silicon Valley. You were born here. Heidi: Yeah. Lucy: And you've got a great network. And we are really curious to also understand who helped you the most. Who would you look to as being your mentor? Heidi: I was very fortunate to be born into a family where entrepreneurship was not a bad thing. I think, it's one of the things that makes California such a great place and will play a continuing role in the world economy is because we are just a culture, for 150‑plus years, of people striking out and doing something on their own, and failure not meaning social failure. You can be a business failure and still hold your head up and go to your kids' school and not be embarrassed about it. Lucy: "I failed today." Heidi: "I failed today." It's part of the process. I think that, for me, my father was a great role model for me because he was an entrepreneur. He was always thinking. He would say things to me like, "Today is the best day of my life because I have every day before today that I can draw on what I learned to apply to today." So, he was just that kind of person. And he wasn't like Mr. Rogers. I mean, he was just a great role model about how one could look for the opportunity in everything. And he was a very poor immigrant. I think, he graduated from high school. I'm not really sure. His dad died when he was 12, and he had to make money for the family to make ends meet. I mean, he had one of those really hard upbringings that made him very grateful and thankful, and very creative and resourceful. And he treated me like one of the boys. He never said to me, "Oh, you're a girl. You shouldn't do this," or "You can't go to graduate school," or "You can't do anything." In fact, if I said I couldn't do something because of being a woman, he would scoff at me. And my brothers joke that I'm the most like him... Heidi: So, he actually made me in his image, not my brothers. But, I was very lucky about that. I was very lucky, also, just to be in the computer industry in the late '70s and early '80s, because I really did get to grow up with the people who are the leaders in the industry. And so somebody said to me, "Wow! How did you get to be friends with Bill Gates?" And it's like, "Well, started 25 years ago." [laughs] Heidi: He was easier to get to then. But, it's things like that, that I think, I just had the great fortune to have a front‑row seat and be a participant in an industry that I really believe has changed the world. So, it gave me a lot of opportunities to learn from other people and have mentors and role models. Lee: So, Heidi, when you think about all you've done in your career ‑ building your own companies, being an investor ‑ what has been the toughest thing you've had to do in your career? Heidi: You know, you face so many tough challenges when you are the CEO and "the buck stops here." Someone once said to me, "Gosh, you're so lucky. You're the CEO. You have so much freedom." And I laughed, and I said, "You don't understand that when you're the CEO, you have the least freedom, because you can't just quit." I raised that money. I hired every one of these people. I gave those venture capitalists my commitment that I was going to bring it home for them. I'm not just going to walk out the door. I remember walking into my company every day. We had about 100 employees. And I would count the cars in the parking lot, and I would think about the car payments and the mortgage payments... Heidi: Everything that was dependent on this company. And so I would say, still, to this day, that the hardest thing you have to do is lay people off. I mean, the hardest thing you have to do is downsize your firm. It's not as hard to fire someone. This is an interesting thing. I would much rather terminate somebody for cause than lay people off because we can't afford it. When you terminate someone for cause ‑ and "for cause" is a real legal term. I don't want to use the legal definition of that. But, what I really mean is, when somebody's not a good fit for the job they're in, I find that it's really in their best interest to tell them and get them to move on to something else. And while that is sometimes hard, I think, it's the right thing to do, and I think, it's the right thing to do for the person. And I've often found that you check in with them a couple years later, they're better off where they are, even though this can be very difficult. I do think, going through the dot‑com bust and having to lay people off, knowing that there wasn't going to be another job they could just waltz into, was a really, really hard thing to do. To me, those were the hardest things I ever had to do. In fact, my T/Maker employees still joke about this time where we had our first loss ever and we had to lay off some people, and it was Christmas. I was about four‑months pregnant. I said to my husband, "I've got to do it myself. I hired all these people. I'm going to do it myself. I'm going to give each one of them the news." So I'm in my office, and they're coming in, or I'm going to their offices. And I'm pregnant, and so the hormones coursing through my veins. So, I am sobbing through these terminations, and they are comforting me. Heidi: They feel sorry for me. But, I have to lay them off. Sobbing, sobbing, sobbing. And I say to my husband, "This is the worst business day of my life, where I'm terminating some people who've been with me five, six years, and I just feel terrible. And it's Christmas, and I had to tell them, 'No bonuses for you guys, and you're getting laid off.'" I said, "Please go to Blockbuster and rent a funny movie so that when I get home, I can take my mind off of it." So, I come home, and what had he rented, but Chevy Chase's "Christmas Vacation." Heidi: And I don't know if you guys have seen this, but of course, the whole story is about a guy who believes he's getting a Christmas bonus and builds a swimming pool or something, and then he doesn't get the bonus, and he ends up kidnapping his boss. Heidi: It was just one of those moments: I just didn't know whether to laugh. I'll never forget that moment. I still cry when I see that show. It was on TV last Christmas, and I'm like crying through it. My kids are looking at me. They're like, "Mom, it's a comedy." Not for me. Lucy: Not for me. In fact, my answer to this question is the same. I think that laying people off is clearly one of the hardest things that I've ever had to do. Heidi: Absolutely. Lucy: We've heard a lot of great advice so far in this interview from you about entrepreneurship, and the Nike "just do it," and who cares if you've thought about it? Just get it done. Heidi: Yeah. Lucy: And other types of advice around doing your homework and seeing the potential. If you were sitting right here with a young person and you were giving them advice about entrepreneurship, what else would you tell them? And one of the things that comes to mind is a conversation we had sometime about networking. Heidi: Yeah. Lucy: And I thought you had some of the best advice about networking that I've ever heard. Heidi: Well, I have a ton of advice about networking. I'm a little typecast as a networking speaker because Harvard did a case on me a number of years ago that really is about my philosophy of networking. And when they approached me to do the case, I said, "Why would anyone want a case on this? It's all just common sense." It's kind of like that book: "Everything I needed to know about networking, I learned in the second grade." But, it's just commonsense and practical and courtesy. And so, they did do this case, and I do speak on the case a lot. And my fundamental belief is that it's very rare that anything happens as a singular effort. Yeah, you can go climb ‑ well, even climbing Mount Everest, it's a team, right? And entrepreneurship is a team sport with very many lonely moments. So, you have to be the one. I'm working on this project with someone. I got up at four o'clock in the morning a couple of days ago because I thought of something, and I knew if I waited till morning, it wasn't going to be the same. So, I had to get up and come down here and sit at the computer for an hour and write up my thoughts while they were fresh. I think, there are a lot of times when you're just singularly approaching something, but I think, you have to know how to ask for help, and how to give help. Students say this to me all the time, they say, "Well, I don't have anything to give." You always have something to give, everyone has something to give. Good lord, you can come and talk to me and baby‑sit my children while you're talking me. I had one guy who traded me, I would talk to him about his business and he was a personal trainer, so he would train me while I was talking to him about his business. Heidi: And I think that one of the errors that people make in networking is they try to hard to gather business cards, and they don't think about "What is my connection with this other person, and what do I have to give them? What in return am I going to ask them for?" Again, I will bring it back to this other comment, a lot of times you don't know how the other person is going to help you, and you're not quite sure always how you're going to help them. Sometimes, it's quite surprising, but if you put yourself open to that, and you use some of the modern tools ‑ like I've become a real LinkedIn convert, because I love being able to get on LinkedIn and see who my friends know that I might want to talk to about industries completely foreign to me and vice versa. If somebody has a good friend from college who now wants to do something in the out of home advertising market and sees I'm on the board of Aventure and would like to talk to me. I don't mind doing that stuff because I sort of feel like there's this great, you know, we all help each other in this community and I'm a little bit of a believer in that kind of pay it forward. It's interesting right now because in Aventure I'm working closely on, I have to reach out and ask for a lot of favors, and I've been very aware that for a lot of my current roles in life I'm the one that asks for the favors than asked. Now that I'm doing the asking it's interesting, I'm uncomfortable. I'd much rather do a favor for someone else than ask somebody for a favor. It's my nature, and it's the nature of many people. But, I think that you have to get good at understanding "What am I asking for? Is it appropriate for me to ask it? Is the person capable of delivering it? Is it an appropriate amount of time for them to send and do something for me? And what could I possibly do for them?" I always try to make sure that people know I'm quite open to doing something for you in exchange, and by the way, no is a perfectly good answer, too. If I ask you a favor and the answer is no, just tell me no. I'm very comfortable with that. Lucy: That's great advice because so many people they really are either afraid to network, or don't know how to network, and that just makes it really clear. Heidi: Networking is also very awkward; somebody from Stanford called me up once and said, "Can I network with you?" What is that is that like my pen pal or something? Lucy: Just network. Heidi: Let's say you want to meet someone, and I guess, with the powers of Google and the Internet and all that, you might want to meet some important person. If you have no context, it's going to be a very fruitless conversation. But, every one of them, their kids go to school, they are on a charitable board, they may enjoy a certain kind of athletic activity. I'm not saying become a stalker, but generally, for example, if you want to get to know a person and they happen to be on the board of a charitable organization go find out what the annual fundraiser is on that charitable organization and volunteer to work at it. Chances are you're going to be able to meet that person over time if you get involved in something like that. And, by the way, you're doing something good too. That's again, one of the powers of Silicon Valley ‑ both good and bad ‑ you've got to be careful, you've got to find out if other moms and dads on the soccer sidelines have MBAs because everybody's kind of in this business. Heidi: It is interesting that you have so many different places where you meet and run into people, and so many people I do business with are friends of mine in other context. Lucy: So Heidi, you had talked earlier in the interview about different characteristics that you thought were really important to help entrepreneurs grow and build companies, but when you think about yourself, what are some of your personal characteristics that you have that have helped you to be successful as an entrepreneur? Heidi: Certainly tenacity. I mean, I'm very tenacious about... you put me on something I'm on a mission and I'm not going to let it go. I like to learn new things, so I like to push myself and try to learn something new. I think, when you're constantly learning it helps you get a better job, [laughs] and in so many areas. I'm definitely a people person, I love talking with people, I love meeting people. I'm very comfortable asking people for their opinions and I think, I'm a pretty good listener. So, I think that that also helps me be an entrepreneur, because you learn from other people, you gather opinions, you mold what you're doing. Frankly, it helps you in terms of going back to asking for favors, giving favors, recruiting people. People generally want to work with people they like and people they respect, which is another thing. My belief is that I'm going to be in this world for, I hope, a pretty long time. One thing I've learned being almost 50 and being in the Valley all this time is that you run into the same people over and over and over again. So, don't burn a bridge unless you've decided that's the best course of action. I like to sleep at night. I don't like to do bad deals, and I don't like to squeeze the last nickel out of somebody just because I have the upper hand. I like to live that way. While there's always different opinions about anything you do, I try to test everything. Does this match my ethics? Can I sleep at night? If my husband or my kids knew I did this, would they think less of me as a person? I like to live that way. I think, an entrepreneurship is not a zero sum game. Your gain doesn't have to come out of somebody else's loss. Larry: Boy, I'll say. You know, Heidi, one thing I've learned to do is that I'm going to call you "Coach" from now on. I just want to clarify one little thing. You said something earlier about kissing the frogs, or was it kissing your dogs? Heidi: Yeah, kissing frogs. Although frogs wish it was kissing dogs. Larry: Yeah. And you also just mentioned that you should ask for help. Do you want to introduce me to Bill Gates? Heidi: No. Larry: No. OK. Heidi: That's a good one you bring up, because it is one of those, how do you manage a relationship towards a person who's very important or famous? One thing I had to decide early on is, I just set certain rules. And I've gotten very comfortable saying "No" to people. So, people will say to me, "Can you introduce me to Bill Gates?" And the answer is, "No, I can't," because if I did that for everybody, they would.... And the hardest part is people thinking, "I have the best charity in the world. I have something that would be so interesting to the Foundation. Please help me get to the right person. Can you please send this to Bill and Melinda?" And I say no. One of the things that gives me comfort in saying no is that I say, "Look my own husband runs a charitable organization called Refugee Relief that does medical assistance in countries under conflict. He'd be a perfect candidate, and he hasn't even asked Bill and Melinda for money." One of the things I try to do is live by my own rules. The other thing I try to do is, for example, when I sold a company from my portfolio to Microsoft I didn't even talk to Bill about it. I'm not going to mention, "Hey, I'm selling one of my portfolio companies" to him. It's not relevant. I really try to respect that, particularly people who are in positions like Bill where everyone's approaching you all of the time, you need to be respectful of the pressures on that person's time. I think, that's one of the reasons why Bill and Melinda and I have a good and long‑standing relationship. They know that I respect that there needs to be boundaries there, because they don't have the luxury of living normal lives. Larry: Yeah, that's fact. By the way, of course, you know I was just saying that to.... Heidi: Oh, I know. Larry: However, last week we interviewed Brad Feld and he did say, "Hi to Heidi." Heidi: Oh, that's so sweet. I adore Brad. Larry: All right. Let me ask you this question. In your approach to your professional life, you do so many things. How do you bring about balance? Heidi: That's an excellent question. If you'd like I can bring my 12 and 14 year olds in here right now to continue the counterpoint to that. Larry: oh. Heidi: I do try to set limits. In my house, although we have wireless access, I'm not the person who walks around with my laptop and uses it everywhere. We certainly have a "no laptop in the bedroom" rule. I don't tend to watch TV and do email at the same time. I have a home office that I come in to do my work and then I try to leave it. I also try to have a commitment with my kids. If I say, "I'm going to stop working at seven," then I'm going to stop working at seven. I mix business and pleasure a lot. I have a lot of social engagements with people. I have a lot of people over for dinner. I try to engage my kids in some of that, because luckily at their ages they find some of that very interesting. In one of the projects I'm working on right now, I ask them for advice a lot. I've been able to pick their brains a lot about it. And they've been really great. I tell them, you know, if I'm having a bad day, you know I had a bad day about a legal contract I was working on. And because it didn't get done I missed a window of production for something. And I said to them, they said you know, "Why are you in such a bad mood?" And instead of saying something like, "Well, I had a bad day at work." I said, "Well, let me explain to you. This company needs a piece of paperwork before we can contract this production facility. We didn't get the piece of paperwork. Now because this production facility can only do things in, you know, they have another client the next three weeks that pushed me out a month. So, here's a one day delay on a contract that's going to cost me a three week delay on the production. And that's why I'm so mad about this today." And so that what is the thing? A teachable moment right? You know, I try to bring them in to the things that I'm doing. But, it is important sometimes to just close the door and say, "I'm sorry I'm not going to do this." I try very hard not to schedule meetings on the weekends. I try very hard not to schedule meetings at night. I try to really limit my travel because it is very disruptive to my family when I travel. And so, I try to make accommodations. Lucy: Well, and your daughters are wonderful. And having seen them at a couple of dinners. I mean the integration works really well. Heidi: They're pretty cute. Yeah. Lucy: They're pretty cute. It works really well because they get to see a lot of different people over here. Heidi: Yes they do. Lucy: That they wouldn't ordinarily see. They lead unusual lives. Heidi: We had a nice conversation about Norwegian and other things this morning. So, it was very good. Lucy: They were very funny. Heidi: And they do provide very funny moments. One time actually, Bill and Melinda were coming over for dinner. And Nicky was playing on her Xbox. And she knew Bill was coming over and said like "Can I have him sign my Xbox?" "Oh, I guess, you can ask him to sign your Xbox." Which she didn't ultimately do when he came over because she was too embarrassed. But, she said to me, "Microsoft, yeah, they make the Xbox. Do they make any other products?" And I just had to laugh. Heidi: You know, the eyes of a thirteen year old is like all they make is the Xbox. Lucy: Well you really have achieved a lot. And you have front row seats to a lot. And I have no doubt, fifty or not, that you are going to be on the front row for many, many years. Heidi: Not done yet. Lucy: Not done yet. So, tell us what's next for you. Heidi: Oh, I'm so excited about what I'm doing. But, I can't tell you. Sorry. Lucy: I'm going to jump across the desk and strangle her. Heidi: I know. I know. I am. You know I'm continuing to do my work with Mobee and then a company that we work on. And Brad and Jake my partners there. I mean, you know, we have a great relationship and I'm enjoying that. But, I am definitely an entrepreneur at heart. In fact I've been thinking, at some point on my link and profile. Right now, it says venture capitalist and recovering entrepreneur. And someday soon it's going to say "Relapsed entrepreneur and venture capitalist" because I just can't help myself. Heidi: So, I just started a little company. I actually funded it yesterday. I'm fortunate enough to have provided my own seed capital. I joke to my husband. I said, "It's very important tonight because we're having cocktails with my lead investor," which of course was me. [laughter] So, we laughed about that. So, I have a little start up that I'm working on, which I will hope to tell you all about really soon. But, it's not quite baked enough yet. So, you'll just have to wait. Lucy: I just hope it's about fifty year old women. Heidi: You will, you will buy one of these products. Well, I'm going to give you one. And Lucy. Larry Series: Entrepreneurial HeroesInterviewee: Heidi RoizenInterview Summary: Born and raised in Silicon Valley, Heidi spent the first part of her career founding and growing tech companies. Now she enjoys helping entrepreneurs build companies as a coach instead of a player. Release Date: August 15, 2007Interview Subject: Heidi RoizenInterviewer(s): Lucy Sanders, Larry Nelson, Lee KennedyDuration: 34:33