Podcasts about Pe

In this special video episode, learn what proposed stock market rule changes could mean for your portfolio and how to grow your teen's money skills. Will corporate earnings reports soon shift from quarterly to twice a year? And what could new rules about day trading mean for everyday investors? Hosts Sean Pyles and Elizabeth Ayoola team up with senior news writer Anna Helhoski and investing lead writer Sam Taube to break down how potential SEC rule changes could reshape the stock market. They explore the pros and cons of less frequent earnings reports, what research shows about long-term investing behavior, and how easing day-trading limits might open doors for some investors — while raising risks for others. They also share practical ways to interpret earnings data, stay focused on long-term goals, and avoid emotional trading. Then, Sean and Elizabeth meet with listener Essa in-person to discuss how to teach kids money skills at home. They cover options for approaching allowances and savings goals (e.g., Greenlight), building credit safely via authorized-user setups or secured cards, and turning lessons into hands-on practice with simulations and budgeting tools. Essa shares what's been working in her household so far and gets suggestions on how to introduce new money concepts to her kids. The Nerdy Investor by NerdWallet is a monthly email briefing for investors who want to stay informed about what's happening in the world of money: https://nerdwalletinvesting.substack.com/about  Get matched with a financial advisor for free using NerdWallet Advisors Match: https://nerdwalletadvisors.com/match  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: SEC rule change 2025, Trump administration stock market changes, FINRA margin requirements, quarterly earnings cycle, semiannual financial reporting, stock market volatility trends, P/E ratio meaning, price to earnings ratio formula, long-term investor behavior, day trading regulation, PDT minimum balance, $25,000 day trading rule, margin trading risks, investor protection rules, stock market research studies, dot-com crash lessons, European Union earnings rules, financial disclosure requirements, investing newsletter signup, U.S. Securities and Exchange Commission updates, FINRA proposal 2025, retail investor access, beginner investing risks, youth financial literacy, teaching kids about credit, financial education apps for students, Bite of Reality app, Next Gen Personal Finance platform, EverFi money games, Financial Times Uber game, teen debit cards, compound interest examples, high-yield savings comparison, 401k matching concept, family money discussions, allowance systems for children, and parent-daughter investing ideas. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Google, Meta et OpenAI ont tous dégainé leurs modèles vidéo : Veo 3, Vibes et Sora 2. Trois applis et un même objectif : transformer nos feeds en un flux infini d'images générées par l'IA. On va revenir sur ces lancements, parce que derrière ces modèles, c'est une nouvelle ère qui s'annonce : celle des réseaux sociaux auto-générés. On va aussi décrypter la mécanique des cameos, ces clones numériques capables de reproduire ton visage et ta voix. On parlera des prouesses créatives, mais aussi des dérives possibles. Et puis, on va se projeter : à quoi ressemble un monde où l'actualité, les émotions et même nos souvenirs seraient générés par l'intelligence artificielle ?Bref, un épisode passionnant.Les amigos, nous sommes peut-être à l'aube d'une bascule historique : celle où la réalité n'a plus besoin d'être filmée, mais générée par l'intelligence artificielle.===============================

In this episode of Sexy Marriage Radio, Pam and I discuss a listener's email regarding premature ejaculation and the psychological factors that may contribute to it. We explore the dynamics of sexual desire, the importance of communication between partners, and strategies for retraining the nervous system to enhance intimacy. Our conversation emphasizes the need for collaboration and understanding in sexual relationships, offering practical advice for couples to navigate challenges together. Enjoy the show! On the Xtended Version … In the XTD content, we cover some specific techniques to try when PE is an issue and you want to maintain connection. Sponsors … Academy: Join the Academy and go deeper. https://smr.fm/academy The post In My Head #749 first appeared on Sexy Marriage Radio.

In this episode, I talk with Sarah Beckman, PE, SMIEEE, Chief Strategy Officer at Ulteig, about valuability in civil engineering and how it transforms project delivery, talent engagement, and community impact. We explore how valuability helps engineering professionals balance client satisfaction, employee well-being, and community outcomes while navigating today's rapid technological changes and evolving infrastructure […] The post Valuability in Civil Engineering for Long-Term Project Success – Ep 298 appeared first on Engineering Management Institute.

Hablamos en Lima con Omar Coronel, profesor de ciencia política de la Pontificia Universidad Católica del Perú; en La Paz con Raúl Peñaranda, director de "Brújula Digital", y en Ciudad de México con el abogado Javier Cruz Angulo

A client was prescribed oral birth control to help manage symptoms of perimenopause. The medication caused a deep vein thrombosis (DVT), which then caused a pulmonary embolism (PE). Altogether this forms a potentially deadly phenomenon called venous thromboembolism (VTE). She survived, and she's fine. But here's the thing: her PE was just two weeks ago, and she wants to receive deep massage to her neck, back, and shoulders. Yikes, right? Or maybe not? Listen in for some key decision points about this question. Resources:  A Doctor's Note is Not Good Enough… and what is better: online self-paced continuing education course, available here. Massage & Bodywork magazine, “Helping Clients with Complex Conditions”, Jan/Feb 2023, available here.   Host Bio:                    Ruth Werner is a former massage therapist, a writer, and an NCBTMB-approved continuing education provider. She wrote A Massage Therapist's Guide to Pathology, now in its seventh edition, which is used in massage schools worldwide. Werner is also a long-time Massage & Bodywork columnist, most notably of the Pathology Perspectives column. Werner is also ABMP's partner on Pocket Pathology, a web-based app and quick reference program that puts key information for nearly 200 common pathologies at your fingertips. Werner's books are available at www.booksofdiscovery.com. And more information about her is available at www.ruthwerner.com.      About our Sponsors:   Anatomy Trains is a global leader in online anatomy education and also provides in-classroom certification programs for structural integration in the US, Canada, Australia, Europe, Japan, and China, as well as fresh-tissue cadaver dissection labs and weekend courses. The work of Anatomy Trains originated with founder Tom Myers, who mapped the human body into 13 myofascial meridians in his original book, currently in its fourth edition and translated into 12 languages. The principles of Anatomy Trains are used by osteopaths, physical therapists, bodyworkers, massage therapists, personal trainers, yoga, Pilates, Gyrotonics, and other body-minded manual therapists and movement professionals. Anatomy Trains inspires these practitioners to work with holistic anatomy in treating system-wide patterns to provide improved client outcomes in terms of structure and function.                      Website: anatomytrains.com                        Email: info@anatomytrains.com             Facebook: facebook.com/AnatomyTrains                       Instagram: www.instagram.com/anatomytrainsofficial   YouTube: https://www.youtube.com/channel/UC2g6TOEFrX4b-CigknssKHA     

Private equity is circling the legal industry, and Lucian Pera is helping make sense of what that means for MSO law firms and beyond.  Joining Chris Batz and Howard Rosenberg, Lucian breaks down how management services organizations (MSOs) and alternative business structures (ABSs) are giving outside investors new ways to participate in the economics of law - without running afoul of ethics rules like ABA Rule 5.4. Lucian makes it clear that these models are tools, not shortcuts. For some firms, an MSO structure may unlock the capital needed for technology, acquisitions, or ambitious growth plans. For others, a traditional loan or internal funding might make more sense. The critical step, he argues, is matching structure to strategy, rather than chasing the latest buzz. As interest from PE firms and family offices surges, the profession faces a choice: see outside money as a threat, or recognize the opportunities it brings to modernize how law firms operate. Lucian leans toward the latter. Just as medicine and accounting were reshaped by investment, he believes law is in the midst of its own slow-motion revolution where the business side of the profession is finally catching up with reality. For lawyers and investors alike, understanding MSOs, ABSs, and the ethics that govern them is a glimpse into where the legal market is headed next.   Episode Breakdown: 00:00 Meet Lucian Pera 01:04 MSO Law Firms Explained 05:09 Rule 5.4 and Legal Compliance 09:19 Market Trends and Investor Interest 15:45 Which Law Firms Are Using MSOs 18:17 Private Capital: Threat or Opportunity? 25:19 ABS Structures in Law Firms 30:10 ABS vs. MSO: Key Differences 32:10 Future Outlook for Law Firms and PE   Connect with Lucian Pera: Connect with Lucian on LinkedIn Lucian's Website Bio    Connect with Howard Rosenberg: Connect with Howard on LinkedIn Howard's Company Web Profile   Connect with Chris Batz: Connect with Chris on LinkedIn  Follow Columbus Street on LinkedIn Columbus Street Website  Podcast production and show notes provided by HiveCast.fm

Something recoils in all of us at the sight of blood. Some may even faint when they see it. So when we open the Bible and find so many references to blood, it can be a bit disturbing. In the Old Testament animals are sacrificed and their blood sprinkled on people and things, and in the New Testament Jesus uses shocking analogies involving His own blood (Jn 6:53-56; Mt 26:27, 28) and his apostles went on to refer to His blood repeatedly in their writings (Ac 20:28; Ro 3:25; 5:9; Eph 1:7; 2;13; Heb 9:12; 1 Pe 1:2; Jn 1:7; 5:6; Rev 1:5). So, we need to ask, "Why all this talk about blood?" Is it necessary, or can we assume it was just an ancient way of expressing a spiritual truth that we today prefer to describe with different language? In this study we'II look at what the Bible says about blood in order to understand why it's so important. Then we'll look at how blood was applied in the Old Testament and later on in the New Testament. And, finally, we'll examine how believers today can apply the power of "the blood" to their own lives. To receive a free copy of Dr. Steve Schell's newest book Study Verse by Verse: Revelation, email us at info@lifelessonspublishing.com and ask for your copy at no charge!  Also check out our website at lifelessonspublishing.com for additional resources for pastors and leaders. We have recorded classes and other materials offered at no charge.  

El ex del Elche remató, a bocajarro, un balón facilitado, de tacón, por Aleñá en el corazón del área de Iñaki Peña.

Cette semaine dans Silicon Carne on parle du :

This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. Topics covered include: How to master Technical Analysis, How to get a meeting with any CEO, Thoughts on buying a small business and more.  Refer to chapter marks for a complete list of topics covered and to jump to a specific section. Download my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Learn more about my MBA Degree ProgramConnect with me: YouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures  TikTok: @chrisharoun300How to forecast a P/E ratio

What happens when reggae jam bands, sleep disorders, and mouthwash conspiracies collide?Mike and Tony unpack a wild week featuring Giant Walking Robots—a live show so funky it practically needed its own gravitational field. Tony reveals more about his upcoming album Huckleberry Surprise (dropping Nov 7 with a release party at Hangar 61 @ Peña Station

(0:00) Bestie intros! (1:53) EA acquired for $55B in biggest LBO ever, why PE is in trouble (17:42) IPO market, SPAC 2.0 (27:41) The AI rollup opportunity (36:01) Sacks joins the show! (38:27) OpenAI and Meta launch short-form video apps: "AI Slop" or the future of content? (45:04) Open source AI: DeepSeek's new model, pressure on US AI industry (1:05:11) State AI regulation frenzy: States' rights vs Federal control, overregulation Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://apnews.com/article/ea-electronic-arts-video-game-silver-lake-pif-d17dc7dd3412a990d2c0a6758aaa6900 https://www.ign.com/articles/xbox-game-pass-ultimate-price-rises-to-30-a-month-microsoft-adds-more-day-one-games-and-throws-in-fortnite-crew-and-ubisoft-classics-to-help-justify-the-cost https://x.com/Jason/status/1973461806585966655 https://www.npr.org/2025/09/05/nx-s1-5529404/anthropic-settlement-authors-copyright-ai https://x.com/scaling01/status/1972650237266465214 https://www.insidetechlaw.com/blog/2025/09/californias-transparency-in-frontier-artificial-intelligence-act https://www.datacenterdynamics.com/en/news/google-withdraws-rezoning-proposal-for-468-acre-data-center-project-in-franklin-township-indianapolis

Today's episode of Built to Sell Radio is part of our Inside the Mind of an Acquirer series. John Warrillow interviews Lee McCabe, a former Meta and Alibaba executive turned private equity investor—now an advisor helping PE firms modernize how they create value.  McCabe argues the old model of buying cheap, piling on debt, and hoping for multiple expansion is over. Interest rates are up, LPs are demanding more, and the firms that win will need to act more like operators than bankers. If you're planning to sell, and private equity is your natural buyer, you'll want to hear this. 

Welcome to Cocktober! We're spending this whole month on a plethora of penis things.As a sex researcher, I can tell you that when it comes to men's top sex problems, a common and unrelenting theme is around erections: getting them, keeping them, and being able to savor or "complete" them. This past spring and summer I interviewed ten men about their experiences with erectile dysfunction (ED), premature ejaculation (PE), and delayed ejaculation (DE). Some men had just one thing going on; some had a combination of these things.This episode is a distillation of the top five things I learned in doing those interviews. There were some unexpected themes, and some you might expect.If you've ever contended with this topic, I suspect you'll resonate with some of the stories and patterns enumerated here. And get ready for more c*ck content. This whole month is dedicated to the sacred member.---Work with usReady to go deeper than the podcast and take action? Jason and I can help you break old patterns and transform your sex & love life for good. To see if you're a fit for our flagship program, Pillars of Presence, book a call here. Start anytime. (https://evolutionary.men/apply/)---Mentioned on this episode:Book rec: Circumcision, The Hidden Trauma : How an American Cultural Practice Affects Infants and Ultimately Us All by Ronald GoldmanDocumentary rec: American Circumcision (Amazon Prime, YouTube, AppleTV+)

Is renewal rate just another way of saying retention? Not exactly. In episode #316, Ben Murray breaks down the difference between renewal rate and the classic retention metrics—gross revenue retention (GRR), net revenue retention (NRR), and customer/logo retention. Ben explains why the renewal rate is the leading indicator of retention, especially when running annual or multi-year contracts, and why investors, private equity buyers, and your board will want to see this number alongside your standard SaaS metrics. If you're a SaaS or AI operator looking to better understand your unit economics and improve your company's valuation, this episode will help you put renewal rate into context as part of your financial metrics toolkit.

¡¡NUEVO PODCAST!!Rafael Ayala… “Más allá de la no violencia. El compromiso con la paz.”   Reportaje Especial. Laura Cardoso… “Sexoservico en Ciudad de México”   Marielena Hoyo… “Jane Goodall; la mujer que cambió nuestra  comprensión  de los chimpancés”  Cartelera Cinematográfica. José Antonio Valdés Peña.    Albert Chávez… “Configuración de límite de transferencias bancarias”  Jorge Alcántara. Director General del Sistema Infantil Teletón… TELETÓN 2025   Esther Iturralde… Libro: Este Anhelo  no es Mío  (La belleza en decidir no ser mamá)

Aujourd'hui dans Silicon Carne on vous parle de :

New day for Rays; PGA of America responds to Ryder Cup criticism; a big week in NOLA and is the Big 10 getting closer to PE deal? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

@OptionsPlay's Tony Zhang says he's been "bullish for quite some time" on Meta Platforms (META) due to how it uses A.I. to boost advertising revenue. He adds that its 24x forward P/E makes it a "good entry point" for investors at current levels. Tony later makes parallels between Elevance Health (ELV) and UnitedHealth (UNH) when it comes to building its own comeback story. He leans bearish on Caesars Entertainment (CZR) as Tony sees the company "struggling on all fronts."

LightSpeed VT: https://www.lightspeedvt.com/ Dropping Bombs Podcast: https://www.droppingbombs.com/ What if you could turn your business into a $10M exit in just 24–36 months? In this raw, no-BS Dropping Bombs episode, I sit down with Lance Bachmann, the blue-collar dealmaker who's run the same play six times: partner with great operators, scale fast, then sell to real private equity—and do it again. He's already stacked six eight-figure exits (with more on deck) and his mission is clear: deliver life-changing checks, not empty promises.   Lance drops the traps most owners miss—“search funds” posing as PE, debt-loading deals, and why you should skip earn-outs unless the upfront is real—and the operating discipline that makes buyers line up: daily KPIs by 6:02 AM across every company, and the mindset shift that your roofing (or any trade) business is first a sales & marketing machine. He also shows how conferences and masterminds multiply valuation through relationships you can't buy. If you're chasing a $5M–$10M outcome instead of a lifetime “maybe,” this is your wake-up call.

When a private equity firm buys your business, what happens if they don't want to sell it before their fund ends? This episode dives into continuation vehicles, a tool firms can use to extend their ownership of your company. We'll explore how firms might use this vehicle and how it could affect your post-sale life and earnout. View the complete show notes for this episode. Want To Learn More? M&A Guide | The 4 Types of Buyers of Businesses What Returns Do Private Equity Firms Really Generate? Deal Killers and Deal Makers: A Private Equity Perspective Additional Resources: Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

In this SPACES Recheck, we're revisiting a standout episode from the archive that you may have missed...What will future stadiums look like? Licensed engineer...architect...AND LEED BD+C certified professional, Erleen Hatfield, PE, AIA, Managing Partner of the Hatfield Group, joins us to discuss structural engineering, stadiums, and her work on the Atlanta Falcons Mercedes-Benz Stadium. Francisco Gonzalez Pulido, from FGP Atelier, shares his experience designing the Diablos Stadium in Mexico City. If you enjoy our content, you can check out similar content from our fellow creators at Gābl Media. Spaces Podcast Spaces Podcast website LYNES // Gābl Media All rights reserved

This week on Swimming with Allocators, Joshua Berkowitz of Berkocorp joins Earnest and Alexa to share his journey transitioning his family office from real estate to venture capital, offering candid insights on building relationships with top VC and PE managers, the importance of patience and long-term thinking, and the realities of portfolio construction. The discussion covers how to underwrite exceptional managers, the value of GP and LP recommendations, and the evolving landscape of venture, especially the rise of young founders and AI-driven startups. Listeners will also hear from Shane Goudey from Sidley on trends in fund formation and the current state of the venture market. Key takeaways include the need for genuine interest and commitment in venture investing, the benefits of a diversified yet opportunistic portfolio, practical advice for family offices considering this asset class, and so much more. Highlights from this week's conversation include:Joshua's Background and Transition From Real Estate to Venture Capital (0:12)Diversifying from Real Estate to Venture (1:43)Commitment and Learning Curve in Venture Capital (3:45)GP References vs. LP Recommendations (5:36)Reflections on First Investments & Portfolio Design (7:24)Deployment Strategy and Allocation Modeling (10:53)Fund Formation Market Trends and Sponsor's Perspective (16:21)Underwriting Individual GPs & What Makes a Good Manager (18:11)Suitability and Motivation for Family Offices in Venture (20:57)Return Expectations and Investment Strategy (24:55)Challenges with Fund Lives & Reclassifying Mature Assets (27:21)Trends: Resurgence of Young Founders & AI (29:45)Closing Thoughts and Next Steps for Berkocorp (33:11)Berkocorp is a Canadian family investment office managing a Vancouver-based real estate portfolio and actively backing top venture capital and private equity managers across North America. Led by Managing Principal Joshua Berkowitz, Berkocorp takes an independent, long-term approach to capital partnerships, with a portfolio spanning micro VCs to billion-dollar growth funds. Learn more at www.linkedin.com/company/berkocorp.Sidley Austin LLP is a premier global law firm with a dedicated Venture Funds practice, advising top venture capital firms, institutional investors, and private equity sponsors on fund formation, investment structuring, and regulatory compliance. With deep expertise across private markets, Sidley provides strategic legal counsel to help funds scale effectively. Learn more at sidley.com.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you're in your 30s or more and think it's “too late” to become PE, I'd like you to meet Jimmy Draughty. He passed the most brutal PE exam on the first try…and he did it at 58 years old!

Madeline Temple is a global brand and communications strategist who has spent many years flinging herself into the unknown. It seems to be a theme in her life. That, and good hair. Fingers crossed both continue.She is a firm believer in taking calculated risks, both personally and professionally. Sometimes they don't work out as planned, but the stories have always been worth it.Madeline's calculated risks have provided real-world, international experience you can't find in a style guide or the latest marketing best-seller. She's experienced in branding, strategy, design, corporate storytelling, advertising, cultural trends, PR, content, social media, and research — both on the agency and client side in the US and UK; in B2B and B2C companies; and at Fortune 500 corporations, PE firms, and startups. She's been quoted in the Chicago Tribune and Wired magazine and has appeared on BBC Radio 4's flagship program Today in London.Currently, Madeline is VP, global brand, communications & content at Safeguard Global, the company that started the global EOR category and industry. Prior to this, she was Hillrom's VP, corporate marketing. There, she wrote the brand story that turned a $3 billion medical device maker into a medtech company acquired by Baxter in 2021.

On this episode of the Chuck ToddCast, Chuck unpacks the latest government shutdown and the political brinkmanship that created it. He explores how shutdowns—once unthinkable—have become a partisan weapon, wasting money while allowing leaders like Donald Trump to punish opponents and play to their base. With Democrats at risk of shouldering equal or greater blame, Chuck asks whether the public is even paying attention, and what role figures like Russ Vought could play in reshaping government permanently. Beyond the shutdown, the conversation turns to the bigger picture: why voters never saw Trump as an aberration, why 2020 wasn't a full repudiation of 2016, and what Democrats must do to win back Trump voters in 2028. From Harris's struggle to differentiate herself from Biden to Clinton's careful dance with Reagan's legacy, Chuck argues that Democrats may need to admit Trump identified real problems—even as his solutions and behavior, especially with military leaders, remain deeply troubling.Then, Chuck is joined by NewsNation host Leland Vittert, who opens up about his personal journey growing up on the autism spectrum, the struggles his family faced, and the lessons that shaped his outlook on life and journalism. From being misunderstood in school and learning to navigate social cues, to the pivotal role his mother played in holding the family together, Vittert reflects on why he chose to go public with his story and how his experiences inform his new book—a parenting guide told from the child's perspective. He also explores how autism has served as both a challenge and, at times, a superpower in his career and personal life.The conversation widens to America's media landscape, where Vittert argues for a “radical center” approach and a journalism that calls balls and strikes on both sides rather than chasing flashy headlines. He stresses the importance of reviving local news, curating coverage around what matters most, and confronting the biases not only in how stories are told, but in which stories get told at all. This candid discussion is part memoir, part media critique, and a call for greater honesty—both in parenting and in public life.Finally, Chuck presents his ToddCast Top 5 senate races most likely to flip parties, answers listeners' questions in the “Ask Chuck” segment, and recaps a frustrating night at the Cowboys/Packers game. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win!Timeline:(Timestamps may vary based on advertisements)00:00 Introduction - Government begins shutting down01:15 Congress created shutdown conditions for political leverage02:00 Could shutdown trigger the end of the senate filibuster rule?02:45 Democrats have always messaged that shutdowns are bad04:30 Democrats could shoulder equal or more blame for shutdown06:30 Shutdowns are a massive waste of money07:30 Trump seems excited for shutdown to punish opponents09:15 Terrible trend of politicians only governing for their base 11:15 Independents are pretty sour on Trump's presidency13:00 Russ Vought at OMB could use shutdown to reorient gov't permanently14:30 Big danger for Democrats is whether the public is paying attention15:30 Chuck Schumer is “Mitch McConnell” level unpopular18:45 If Dems want to win in 28 they'll have to win over some Trump voters20:15 Democrats thought Trump was an aberration, voters didn't21:15 2020 wasn't a repudiation of why Trump was elected in 201624:00 Voters don't want status quo, which is why they elected Trump twice26:15 Harris needed to prove she was different from Biden and didn't27:45 For Clinton to win, he couldn't repudiate everything Reagan did30:00 Trump's behavior in front of military leaders was outrageous31:30 The military leaders handled the situation exactly as they should32:30 Hegseth lectured leaders of far higher rank than he earned in military33:45 Democrats will have to admit that Trump correctly identified problems34:45 Voters picked “political division” as the 2nd biggest problem after economy39:45 Leland Vittert joins the Chuck ToddCast 41:30 The public doesn't grasp autism and child development issues 42:45 Autism wasn't well understood in the 80s 43:30 Parents struggle to raise neurodivergent children 44:45 Adapting to the world you live in, not expecting world to adapt to you 46:30 Leland's father didn't want him to be defined by his disability 47:15 PE teacher put Leland in with the girls "to protect him" 48:00 The struggle with learning to pick up social queues 53:00 Everyone in DC always wanted to be student body president 53:45 Why go public with your story of being on the spectrum? 56:15 There's a "parental reckoning" happening in America 57:15 There are lots of broken young men susceptible to radicalization 58:45 Nobody has definitive answers about causes of autism 1:01:00 Scientists need to be humble enough to say "I don't know" 1:02:15 80% of parents with disabled children get divorced 1:04:15 Leland's mother held the family together, hero of the story 1:06:15 Telling this story publicly is like going to therapy on live TV 1:07:45 How did you share the story of your autism with your wife? 1:10:45 You don't "get over" autism 1:12:15 Where has autism showcased itself as a superpower in your life? 1:14:15 Book is a parenting book written from the child's perspective 1:16:00 There's no one answer to America's media problem 1:17:30 What works and doesn't work in the news media?? 1:18:45 There is a "radical center" that's sick of extremes on both sides 1:19:30 Journalists should call balls and strikes and call out both sides 1:21:30 Cable news tends to obsess over stories that are flashy over substantive 1:22:45 Journalists should curate stories that are most important 1:24:30 Bias isn't just how you cover the news, it's what you cover 1:26:15 Local news was a character reference for the national network journalists 1:28:00 How to revive local news/journalism? 1:30:45 Leland really put himself out there with this book1:31:15 Chuck's thoughts on interview with Leland Vittert 1:31:45 ToddCast Top 5 Senate races most likely to flip parties 1:32:15 #1 North Carolina 1:34:00 #2 Georgia 1:36:00 #3 Michigan 1:37:45 #4 Maine 1:39:45 #5 New Hampshire 1:45:15 Honorable mentions 1:45:45 Ask Chuck 1:46:00 Why is the lie that shutdown is over money for illegal immigrants pervasive? 1:49:00 Democrats feeling disheartened after talking to Trump supporters? 1:53:00 Would the country be better off if Trump was reelected in 2020? 1:57:15 Will Des Moines superintendent arrest derail Iowa senate campaign? 1:59:00 Chuck's experience at Cowboys/Packers game in Dallas 2:04:15 It was a great weekend of college football Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this episode of the Chuck ToddCast, NewsNation host Leland Vittert opens up about his personal journey growing up on the autism spectrum, the struggles his family faced, and the lessons that shaped his outlook on life and journalism. From being misunderstood in school and learning to navigate social cues, to the pivotal role his mother played in holding the family together, Vittert reflects on why he chose to go public with his story and how his experiences inform his new book—a parenting guide told from the child's perspective. He also explores how autism has served as both a challenge and, at times, a superpower in his career and personal life.The conversation widens to America's media landscape, where Vittert argues for a “radical center” approach and a journalism that calls balls and strikes on both sides rather than chasing flashy headlines. He stresses the importance of reviving local news, curating coverage around what matters most, and confronting the biases not only in how stories are told, but in which stories get told at all. This candid discussion is part memoir, part media critique, and a call for greater honesty—both in parenting and in public life.Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win!Timeline:(Timestamps may vary based on advertisements)00:00 Leland Vittert joins the Chuck ToddCast01:45 The public doesn't grasp autism and child development issues03:00 Autism wasn't well understood in the 80s03:45 Parents struggle to raise neurodivergent children05:00 Adapting to the world you live in, not expecting world to adapt to you06:45 Leland's father didn't want him to be defined by his disability07:30 PE teacher put Leland in with the girls “to protect him”08:15 The struggle with learning to pick up social queues13:15 Everyone in DC always wanted to be student body president14:00 Why go public with your story of being on the spectrum?16:30 There's a “parental reckoning” happening in America17:30 There are lots of broken young men susceptible to radicalization19:00 Nobody has definitive answers about causes of autism21:15 Scientists need to be humble enough to say “I don't know”22:30 80% of parents with disabled children get divorced24:30 Leland's mother held the family together, hero of the story26:30 Telling this story publicly is like going to therapy on live TV28:00 How did you share the story of your autism with your wife?31:00 You don't “get over” autism32:30 Where has autism showcased itself as a superpower in your life?34:30 Book is a parenting book written from the child's perspective36:15 There's no one answer to America's media problem37:45 What works and doesn't work in the news media??39:00 There is a “radical center” that's sick of extremes on both sides39:45 Journalists should call balls and strikes and call out both sides41:45 Cable news tends to obsess over stories that are flashy over substantive43:00 Journalists should curate stories that are most important44:45 Bias isn't just how you cover the news, it's what you cover46:30 Local news was a character reference for the national network journalists48:15 How to revive local news/journalism?51:00 Leland really put himself out there with this book Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Passando a Limpo: Nesta quarta-feira (01), Igor Maciel e a bancada do programa conversam com o Diretor de Educação Profissional do Senac PE, Eliezio Silva. Na pauta, o início do Congresso que reúne especialistas do Brasil e do mundo para discutir o futuro da educação. O Presidente da Fecomércio-PE, Bernardo Peixoto, conversa sobre a reforma administrativa. A Jornalista especializada em saúde. Titular da coluna Saúde e Bem-Estar do Jornal do Commercio, Cinthya Leite, repercute a investigação de duas mortes por intoxicação de Metanol em Pernambuco. O programa também conta a participação do correspondente em Portugal, Antônio Martins.

Peça traz personagens icônicos de Anton Tchekhov no texto do dramaturgo irlandês Brian Friel, e está em cartaz em São Paulo

Pełna wersja rozmowy z Anną Morawiec-Bartosik - autorką książki "Wynagrodzenie odczarowane" i inicjatorki badania "Ile mogę zarabiać".

U novoj epizodi Digitalk podcasta, gost nam je Predrag Maletić, AI Products Tribe Lead u Raiffeisen banci, veteran veštačke inteligencije sa više od decenije iskustva u finansijskom sektoru. Razgovarali smo o tome kako izgleda AI transformacija u jednom od najvažnijih institucija, kako pristupati AI projektima u složenom poslovnom okruženju, i kako se izvodi change management dok se pivotira između AI entuzijasta i skeptika. Peđa deli konkretne primere primene AI tehnologije u cilju smanjenja troškova, automatizacije procesa i povećanja prihoda, kao i viziju budućih banki i korisnika u eri veštačke inteligencije. Pravi vodič kroz praktične izazove i mogućnosti koje donosi AI u finansijskopm sektoru. Predrag Maletić, AI Products Tribe Lead @ Raiffeisen banka - https://www.linkedin.com/in/predragmaletic/ O čemu smo pričali: - Uvod i predstavljanje - Razvoj AI tehnologije u banci - Pristup AI projektima - Upravljanje promenama: AI entuzijasti - Banka i klijent budućnosti Pratite Digitalk podkast za više tema iz digitalnog marketinga, advertajzinga i karijere u kreativnoj industriji: LN: https://www.linkedin.com/company/digitalkrs FB: https://www.facebook.com/Digitalk.rs IG: https://www.instagram.com/digitalk.rs/ Posetite naš sajt i prijavite se na našu mailing listu - https://www.digitalk.rs Prijavite se na naš YouTube kanal: https://bit.ly/3uWtLES Veliku zahvalnost dugujemo kompanijama koje su prepoznale kvalitet onoga što radimo i odlučile da nas podrže i daju nam vetar u leđa: Partneri podkasta: - Raiffeisen banka - https://www.raiffeisenbank.rs/ Digitalne usluge Raiffeisen banke koje preporučujemo za mala i srednja preduzeća: https://bit.ly/4881a6j - Kompanija NIS - https://www.nis.rs/ - Ananas - https://ananas.rs/ - kompanija Idea - https://online.idea.rs/ Prijatelj podkasta: - BiVits ACTIVA vitamini i minerali - https://bivits.com/kategorija/bivits-paketi/ Puno obaveza, stres, prekovremeni rad... zvuči poznato? E, za to imamo pravo rešenje. To su BiVits ACTIVA vitamini i minerali. Sa njima ćete lako uzeti zdravlje u svoje ruke i više od toga. Preporučujemo vam NO STRESS paket – kombinacija tri suplementa koja pomažu da se bolje naspavate, smanjite napetost i podignete energiju. Na BiVits sajtu možete pronaći kombinaciju koja je baš za vas, a uz poseban kod *DIGITALK* ostvarujete i 25% popusta! Uzmite zdravlje u svoje ruke – uz BiVits ACTIVA vitamine i minerale! - Izdavačka kuća Finesa - https://www.finesa.edu.rs/ U ovoj epizodi podelićemo dve knjige "Agilnost na prvom mestu" izdavačke kuće Finesa onima koji budu najbrži i najkreativniji sa komentarima, a možete nam slobodno pisati i na info@digitalk.rs i direktno nam uputiti komentar, sugestiju ili primedbu. Takođe, svi oni koji na Finesinom websajtu poruče knjige i unesu promo kod digitalk dobiće 10% popusta na već snižene cene izdanja na sajtu: https://www.finesa.edu.rs/

In this episode, host Alex Rawlings is joined by Joe Basrawy, Managing Director at Partners Capital, a global multi-asset investment firm serving some of the world's most sophisticated investors — including private equity founders, endowments, and family offices.Joe offers a rare and in-depth look at the Limited Partner (LP) perspective — covering common pitfalls private equity firms make, what LPs are really looking for, and how to stand out in a crowded market. He also shares a masterclass on co-investments, including how LPs assess alignment, avoid adverse selection, and punch above their weight in deal flow.This episode is packed with actionable insights for fund managers, deal professionals, operating partners, and anyone looking to better understand what makes a top-performing PE firm in the eyes of institutional investors.⏱️ Timestamps:00:00 – Welcome and guest intro: Joe Basrawy, Managing Director, Partners Capital 01:00 – Joe's background: From investment banking to multi-asset investing 01:25 – What drew Joe to Partners Capital and what's kept him there 02:21 – Biggest mistakes PE firms and portfolio companies make 03:15 – Raising too much capital: Overstretching and going off-spec 04:13 – Deal-level diversification: What LPs want to see 05:39 – Co-investing 101: Why it's attractive and the risks of adverse selection 06:37 – How LPs like Partners Capital avoid adverse selection in co-investments 07:33 – Being a reliable and speedy co-investment partner 08:31 – Why LPs say “no” to co-investments — alignment, conviction, and deal partners 09:57 – Referencing employees and internal conviction in deals 10:56 – What makes the best private equity firms? Joe's four pillars 11:25 – #1: Strategy differentiation – A case study in healthcare PE 13:22 – #2: Value creation edge – Organic growth vs market tailwinds 15:18 – #3: Ownership dynamics – How GP stake sales affect firm culture 17:15 – #4: People – Why leadership and succession planning matter 19:05 – Referencing portfolio executives: The most revealing feedback 20:28 – What LPs learn from talking to portfolio CEOs 21:56 – What LPs look for in fund managers – Discipline, detail, and passion 23:52 – Joe's reading recommendations – Fiction and finance 25:47 – How to connect with Joe 26:17 – Outro from Alex

In this episode of the ETA Insider Podcast, Jason Jackson shares his journey from first discovering ETA at the 2014 Booth-Kellogg Conference to navigating the highs and lows of running a search fund-backed business. He discusses the challenges of acquiring a dental support business in a competitive, PE-driven market—and the unexpected discovery of fraud just weeks into ownership. Jason reflects on how focusing on cash, communication, and culture helped him and his partner lead through crisis. He also discusses the founding of the Black Search Network, his work at Futaleufu Partners, and why systematic mentorship and CEO health are crucial for long-term success.

Pete Najarian with Market Rebellion isn't surprised to see a pullback in Carnival (CCL) after the cruise line's earnings despite posting a beat and strong guidance. He points out the company's massive year-over-year rally that waved the yellow flag for a cooldown. That said, Pete points to the company's low P/E ratio showing value for long-term investors. Tom White offers example options trades for Carnival (CCL) and Royal Caribbean (RCL).======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Send us a textWhat's up PE Nation!MJ vs. Lebron- It's not even close!!! We explore the concept of becoming a "generational teacher" - an educator whose impact extends beyond a single academic year to influence generations of students through meaningful connections and holistic teaching approaches.• Go big with your ideas - don't be afraid to rock the boat for a greater cause• Help make great human beings, not just athletes - focus on developing character alongside skills• Build relationships that matter - learn names, have fun with students, and show genuine interest• Leave a legacy of impact - teach from the heart and care about your students as your ownHappy teaching,DaveBe a Generational Teacher-article-Check out supersizedphysed.com for more resources, including free PDFs, articles, and courses to help with your PE program. Please leave a review to help grow this podcast and keep pushing our profession forward.-Team Building Games Ebook (with preview): https://www.teacherspayteachers.com/Product/Team-Building-Games-and-Activities-for-PE-Class-14063095-Free resources include Substack and Medium articles with PE tips, games, and strategies-High Fives and Empowering Lives  book available as an ebook or paperback-Paperback or download: HERE-Amazon Ebook: HERESupport the showBecome a supporter of the show: https://www.buzzsprout.com/385837/support

If your outbound is optimised for meetings, not conversations, you're burning cash and trust.We sit down with Joey Gilkey (CEO, Titan X) and Adem Manderovic (Closed Circuit Selling, CRO School) to rebuild B2B outbound so it actually drives revenue. We unpack why the SDR-AE factory failed, how to get 25% connect rates, and how to use first-party signals to guide timing, ads, and follow up.Joey shows why he pays SDRs to create completed conversations and rigorous disposition buckets. Adem explains cataloguing and channel validation so marketing stops guessing and starts planning around real timing. We dig into audience activation using opt-in texts and VSLs, and why “buyer intent” data isn't the shortcut you think it is.Tune in and learn:+ A practical B2B outbound strategy built on conversations and 6 disposition buckets+ Why the SDR-AE model and Predictable Revenue broke outbound (and what replaces it)+ Why pipeline coverage and meeting quotas mislead teams, and what to measure insteadThis is a must-watch if you're a B2B revenue leader. Stop chasing low-value meetings and start engineering high-value conversations that inform ads, timing, and deals.-----------------------------------------------------

What does it take to build a business that isn't just profitable today, but valuable, resilient, and meaningful over the long term?In this episode, I sit down with Scott Snider, President of the Exit Planning Institute (EPI). Scott and his team work with advisors across the country to help business owners align their business, personal, and financial goals—not just to prepare for a future exit, but to live better as an owner right now.We cover:Why exit planning is less about a transaction and more about designing a good life.The generational differences in how Baby Boomers, Gen X, and Millennials think about success, meaning, and legacy.Why 75% of owners regret selling their business—and how to avoid being one of them.The “four Cs” of decentralizing a business beyond the founder: human, customer, structural, and cultural capital.How to find and lean into your company's true competitive advantage.The range of exit paths—from PE firms and ETA (entrepreneurship through acquisition) to employee buyouts and family transitions.Scott also shares his own leadership journey scaling EPI, and the lessons he's drawn from reshaping culture, vision, and values inside his own company.If you're a founder, executive, or advisor navigating questions of value, succession, and legacy—this one is worth your time.Resources Mentioned:Exit Planning Institute: earncepa.comOwner Readiness research: ownerreadiness.com

Nicolas Sarkozy se enfrenta a una inminente encarcelación, con una fecha límite en febrero del próximo año, aunque ha apelado una sentencia de cinco años. En Valencia, se pone la primera piedra para la rehabilitación integral del barrio de Campanar tras un devastador incendio. En Guadalajara, el incendio de Peñalba de la Sierra se mantiene activo con nivel 2 de emergencia. La borrasca Gabriel trae lluvias generalizadas a España, intensas en algunas zonas, y se espera una estabilización gradual con el "Veranillo de San Miguel". En deportes, La Liga continúa con el Barcelona buscando el liderato y otros partidos destacados. En "El Cafetín de los Artistas", Carlos Goñi canta sobre la polémica de Brigitte Macron, criticando la "cobardía" de las redes sociales. En "Nido de Ratas", Zapatero y Rajoy compiten en un "Pasapalabra", con Rajoy acertando todas las respuestas a pesar de su "ritmo lento". Finalmente, se repite la famosa llamada de COPE a Annette Bening en 2004, donde la despiertan ...

Franchising works when franchisees are at the center. In this Franchise Friday, I sit down with Homefront Brands' Chief Legal Officer to talk FDDs, legal guardrails, and the real reasons some owners scale while others stall. We cover the traits of top performers (intuition, smarts, grit), the biggest misconception (“it's easy”), why private equity is moving to the franchisee side, and how culture and values beat shortcuts. If you're on the fence, ask yourself one question: Do you trust who you're going into business with? Learn more at HomefrontBrands.com. Grab my book Discernment: The Business Athlete's Regimen for a Great Life Through Better Decisions to make your next move with confidence. FREE COPY of Jeff's Book DISCERNMENTFind out more About Jeff Dudan www.jeffdudan.com

Franchising works when franchisees are at the center. In this Franchise Friday, I sit down with Homefront Brands' Chief Legal Officer to talk FDDs, legal guardrails, and the real reasons some owners scale while others stall. We cover the traits of top performers (intuition, smarts, grit), the biggest misconception (“it's easy”), why private equity is moving to the franchisee side, and how culture and values beat shortcuts. If you're on the fence, ask yourself one question: Do you trust who you're going into business with? Learn more at HomefrontBrands.com. Grab my book Discernment: The Business Athlete's Regimen for a Great Life Through Better Decisions to make your next move with confidence. FREE COPY of Jeff's Book DISCERNMENTFind out more About Jeff Dudan www.jeffdudan.com

This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. Topics covered include: Special Guest Brian Harte plus: How to get a job in finance, How to set up my investment portfolio, Best business and finance books to read and more.  Refer to chapter marks for a complete list of topics covered and to jump to a specific section. Download my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Learn more about my MBA Degree ProgramConnect with me: YouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures  TikTok: @chrisharoun300How to forecast a P/E ratio

Game Changers wrap up; Ryder Cup's big weekend; Patriots get PE capital; and NYCFC's new home.00:12 Game Changers Recap02:08 Ryder Cup 03:46 Sixth Street acquires 3% of New England Patriots05:35 Politicians sign leader raising concerns with antitrust issues with ESPN and the NFL06:20 MLB media rights06:47 NYFC building first soccer stadium in New York City Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this replay, I'm on the other side of the mic, as I'm interviewed by Joe Magyer, the founder of Seaplane Ventures. This is a wide-ranging conversation where we talk about the Fed rate cut, cover different asset classes including VC, PE, Fixed Income, and Public Equities, and my journey in building Canopy Capital. This episode first appeared on the Investing in Startups podcast hosted by Joe, which I highly recommend you check out. Please enjoy this conversation with Joe Magyer. For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE. ----- Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @makingmkts | @ericgoldenx Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Making Markets (00:00:19) Overview of Canopy Capital (00:00:44) The Evolution of Asset Management (00:01:54) The Importance of Tax Individualized Investing (00:02:44) Starting the Podcast Journey (00:03:16) Crypto: From Skepticism to Interest (00:04:18) Exploring Various Asset Classes (00:06:08) Challenges and Rewards of Podcasting (00:11:12) Competitiveness in Different Asset Classes (00:16:38) Insights on Venture Capital (00:22:59) Building a Venture-Backed Company (00:24:18) The Founder's Dilemma: Risk and Innovation (00:25:17) A Career at Fidelity: Reflections and Decisions (00:27:17) The Transition: From Intrapreneur to Entrepreneur (00:30:21) Market Insights: The Fed and Economic Cycles (00:36:27) Investment Strategies: Observing and Predicting (00:39:40) Web3 and Crypto: Future Prospects Learn more about your ad choices. Visit megaphone.fm/adchoices

Kim Beckinsale and Alina McMaster, both in their mid-50s, race with Mountain Designs Wild Women, along with their teammates Cass Kimlin and Del Lloyd, who are both over 40. The team made history last year by becoming the first all-female team to win the 450 km Legend Expedition Race along Australia's Great Ocean Road, finishing in 73:09:27 and outracing men half their age. They unpack how women-only team chemistry—less ego, more communication, and strategic towing/help—can be a superpower over multi-day, map-and-compass courses on little sleep. They also share how their training has evolved with age (fewer “flog yourself” sessions, sharper intensity, bigger recovery) and how menopause shows up (heat management, sleep shifts, mood) without slowing performance. Kim and Alina are currently at Expedition Canada 2025, getting ready to tackle a 750+ km trek–bike–paddle course starting September 25. Follow along: www.expeditionracecanada.caKim Beckinsale is a Health & PE teacher at Sunshine Beach SHS with 36+ years in education and prior leadership roles at Coorparoo and Cleveland District SHS. Queensland School Sport Life Member (2013) and Triathlon 30-year service awardee (2022). A triathlete since the early '90s and adventure racer since 2004, she holds coaching quals across triathlon, athletics, paddling, MTB, orienteering, plus Remote First Aid & CPR. Co-owner of Tri Adventure (f. 2009), which coaches athletes and runs The Wild Women Adventure Race (2012, Australia's first all-female AR) and The Amazons Australia (2025, first ARWS all-women's event).Alina McMaster is Australian Partner at Eventplus and Owner/CEO of AROC Sport, organizing outdoor endurance events. Co-founded Ultra-Trail Australia in 2008 (then The North Face 100), which grew into the world's second-largest trail event before its sale to Ironman in 2018. A former Australian cross-country ski champion and World Cup/Universiade representative, she dominated domestic multisport (Winter Classic, JLW Challenge, Sri Chinmoy Triple Tri, Jindabyne). In the late '90s–early 2000s, she and husband Tom Landon-Smith raced on one of the top adventure racing teams globally.ResourcesHistoric Win for the Mountain Designs Wild Women Team at Legend Race in Australia, Wild & Co.AR World Series, Expedition CanadaWild Women in action video clips. Sign up for our FREE Feisty 40+ newsletter: https://feistymedia.ac-page.com/feisty-40-sign-up-pageLearn More and Register for our Feisty 40+ Strong Retreat: https://www.womensperformance.com/strongretreat Learn More and Register for our 2026 Tucson Bike Camp: https://www.girlsgonegravel.com/camp Follow Us on Instagram:Feisty Menopause: @feistymenopause Hit Play Not Pause Facebook Group: https://www.facebook.com/groups/807943973376099 Support our Partners:Phosis: Use the code FEISTY15 for 15% off at https://www.phosis.com/ Midi Health: You Deserve to Feel Great. Book your virtual visit today at https://www.joinmidi.com/Previnex: Get 15% off your first order with code HITPLAY at https://www.previnex.com/ Nutrisense: Go to nutrisense.io/hitplay and use code: HITPLAY to get 30% offWahoo KICKR RUN: Use the code FEISTY to get a free Headwind Smart Fan (value $300) with the purchase of a Wahoo KICKR RUN at https://shorturl.at/maTzL This podcast

In this conversation, Stephan Livera and Jesse Myers discuss the current state and future of Bitcoin treasury companies, focusing on Smarter Web Company's strategies and performance. They explore the implications of PIPE deals, the importance of a solid track record in delivering Bitcoin yield, and the regulatory environment's impact on investment strategies. The discussion highlights successful examples like Metaplanet and the potential for Bitcoin treasury companies to accumulate a significant portion of Bitcoin in the coming years. They also address the challenges investors face, including understanding mNAV and justifying premiums in Bitcoin investments. Jesse also introduces the P-Bid ratio as a new metric for evaluating these companies, emphasizing the need for a strong retail investor base and the significance of operational businesses in sustaining value. The discussion concludes with reflections on the future of Bitcoin treasury companies and their role in the broader financial landscape.Takeaways:

Are accounting firms quietly having their best year ever? Blake and David break down why revenues and partner comp are rising—despite AI anxiety—and what it means for pricing and staffing. They unpack Gusto Money's Melio-powered bill pay, Relay's $1B milestone, Drake's new workflow, and AI tools that actually help (note-takers, agents, research). Plus: Trump's biannual reporting idea, peer review for PE-backed firms, BOI reversal, and the messy ‘no tax on tips' proposal.SponsorsOnPay - http://accountingpodcast.promo/onpay TeamUp - http://accountingpodcast.promo/teamupBluebook - http://accountingpodcast.promo/bluebookChapters(00:00) - Introduction and Revenue Insights (00:43) - Welcome to the Accounting Podcast (01:00) - Gusto Showcase Event Highlights (04:18) - The Importance of Long-Term Relationships in FinTech (08:58) - Advisory Amplified Tour Announcement (11:06) - AI in Accounting: Honest Reflections from a Tech Founder (16:48) - AI Meeting Assistants for Accounting Firms (21:03) - Comparing AI Tools: Blue Jay vs. ChatGPT (29:43) - Accounting Firms' Revenue and Compensation Growth (31:12) - Rising Costs and Accounting Firm Strategies (32:25) - NASBA's New Mobile App for CPA Exam Candidates (33:50) - Drake Software's Workflow Automation Launch (37:13) - AI in the Workplace: Surveys and Trends (41:16) - Fiverr's Shift to AI and Layoffs (44:09) - Trump's Proposal on Financial Reporting (50:01) - Private Equity and Peer Review Oversight (52:28) - Tax-Free Tips and Proposed Regulations (54:13) - AICPA and NASBA's Earn and Learn Program Shutdown (55:20) - Conclusion and Listener Engagement  Show NotesCPA Firms Report Steady Growth in Revenue and Profit, AICPA Research Finds https://www.aicpa-cima.com/news/article/cpa-firms-report-steady-growth-in-revenue-and-profit-aicpa-research-findsVinyl Raises $2M to Build the Future of AI Meeting Assistants for Accountantshttps://www.usevinyl.com/insights/blog/vinyl-seed-funding-announcementDrake Software Unveils Powerful New Tax Workflow Automation Toolshttps://www.prnewswire.com/news-releases/drake-software-unveils-powerful-new-tax-workflow-automation-tools-302558230.htmlNASBA Releases CPA Mobile App for Future CPAs https://www.accountingtoday.com/news/nasba-releases-cpa-mobile-appAICPA Seeks Comment on Peer Review Proposal for Firms with Private Equity Backinghttps://www.cpapracticeadvisor.com/2025/09/16/aicpa-seeks-comment-on-peer-review-proposal-for-firms-with-private-equity-backing/169014/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Our Head of India Research Ridham Desai and leaders from Morgan Stanley Investment Management Arjun Saigal and Jitania Kandhari discuss how India's promising macroeconomic trajectory and robust capital markets are attracting more interest from global investors. Read more insights from Morgan Stanley.----- Transcript ----- Ridham Desai: Welcome to Thoughts on the Market. I'm Ridham Desai, Morgan Stanley's Head of India Equity Research and Chief India Equity Strategist. Today, the once in a generation investment opportunities Morgan Stanley sees in India. Joining me in the studio, Arjun Saigal, Co-Head of Morgan Stanley Investment Management at India Private Equity, and Jitania Khandari, Morgan Stanley Investment Management, Head of Macros and Thematic Research for EM Public Equity. It's Tuesday, September 23rd at 4pm in Mumbai. Jitania Kandhari: And 6:30am in New York. Ridham Desai: Right now, India is already the world's fourth largest economy, and we believe it's on track to becoming the third largest by the end of this decade. If you've been following our coverage, you know, Morgan Stanley has been optimistic about India's future for quite some time. It's really a perfect storm – in a good way. India has got a growing young workforce, steady inflation, and is benefiting from some big shifts in the global landscape. When you put all of that together, you get a country that's set up for long-term growth. Of course, India is also facing pressure from escalating tariffs with the U.S., which makes this conversation even more timely. Jitania, Arjun, what are the biggest public and private investment opportunities in India that you'd highlight. Jitania Kandhari: I'd say in public equities there are five broad thematic opportunities in India. Financialization of savings and structurally lower credit costs; consumption with an aspirational consumer and a growing middle-class; localization and supply chain benefits as a China +1 destination; digitization with the India stack that is helping to revolutionize digital services across industries; and CapEx revivals in real estate and industrials, especially defense and electrification. Arjun Saigal: I will just break down the private markets into three segments. The first being the venture capital segment. Here, it's generally been a bit of hit or miss; some great success stories, but there've also been a lot of challenges with scale and liquidity. Coming to the large cap segment, this is the hundred million dollars plus ticket size, which attracts the large U.S. buyout funds and sovereign wealth funds. Here target companies tend to be market leaders with scale, deep management strength, and can be pretty easily IPO-ed. And we have seen a host of successful PE-backed IPOs in the space. However, it has become extremely crowded given the number of new entrants into the space and the fact that regional Asia funds are allocating more of their dollars towards India as they shift away from China. The third space, which is the mid-market segment, the $50- to $100 million ticket size is where we believe lies the best risk reward. Here you're able to find mid-size assets that are profitable and have achieved market leadership in a region or product. These companies have obvious growth drivers, so it's pretty clear that your capital's able to help accelerate a company's growth path. In addition, the sourcing for these deals tends to be less process driven, creating the ability to have extended engagement periods, and not having to compete only on price. In general, it's not overly competitive, especially when it comes to control transactions. Overall, valuations are more reasonable versus the public markets and the large cap segment. There are multiple exit routes available through IPO or sale to large cap funds. We're obviously a bit biased given our mid-market strategy, but this is where we feel you find the best risk reward. Ridham Desai: Jitania, how do these India specific opportunities compare to other Emerging Markets and the developed world? Jitania Kandhari: I will answer this question from two perspectives. The macro and the markets. From a macro perspective, India, as you said, has better demographics, low GDP per capita with catchup potential, low external vulnerability, and relatively better fiscal dynamics than many other parts of the world.It is a domestic driven story with a domestic liquidity cycle to support that growth story. India has less export dependency compared to many other parts of the emerging and developed world, and is a net oil importer, which has been under pressure actually positively impacting commodity importers. Reforms beginning in 2017 from demonetization, GST, RERA and other measures to formalize the economy is another big difference. From a market standpoint, it is a sectorally diversified market. The top three sectors constitute 50 percent in India versus around 90 percent in Taiwan, 66 percent in Brazil, and 57 percent overall in EM. Aided by a long tail of sectors, India screens as a less concentrated market when compared to many emerging and developed markets. Ridham Desai: And how do tariffs play into all this? Jitania Kandhari: About 50 percent of exports to the U.S. are under the 50 percent tariff rate. Net-net, this could impact 30 to 80 basis points of GDP growth.Most impacted are labor intensive sectors like apparel, leather, gems and jewelry. And through tax cuts like GST and monetary policy, government is going to be able to counter the first order impacts. But having said that, India and U.S. are natural partners, and hence this could drag on and have second order impacts. So can't see how this really eases in the short term because neither party is too impacted by the first order impacts. U.S. can easily replace Indian imports, and India can take that 30 basis point to 50 basis points GDP impact. So, this is very unlike other trade deals where one party would have been severely impacted and thus parts were created for reversals. Ridham Desai: What other global themes are resonating strongly for India? And conversely, are there themes that are not relevant for investing in India? Jitania Kandhari: I think broadly three themes globally are resonating in India. One is demographics with the growing cohort of millennials and Gen Z, leading to their aspirations and consumption patterns. India is a large, young urbanizing population with a large share in these demographic cohorts. Supply chain diversification, friend-shoring, especially in areas like electronics, technology, defense, India is an integral part of that ecosystem. And industrials globally are seeing a revival, especially in areas like electrification with the increased usage of renewables. And India is also part of that story given its own energy demands. What are the themes not relevant for investing in India is the aging population, which is one of the key themes in markets like North Asia and Eastern Europe, where a lot of the aging population drivers are leading to investment and consumption patterns. And with the AI tech revolution, India has not really been part of the AI picks and shovels theme like other markets in North Asia, like Korea, Taiwan, and even the Chinese hardware and internet names. Globally, in selected markets, utilities are doing well, especially those that are linked to the AI data center energy demand; whereas in India, this sector is overregulated and under-indexed to growth. Ridham Desai: Arjun, how does India's macro backdrop impact the private equity market in particular? Arjun Saigal: So, today India has scale, growth, attractive return on capital and robust capital markets. And frankly, all of these are required for a conducive investment environment. I also note that from a risk lens, given India being a large, stable democracy with a reform-oriented government, this provides extra comfort of the country being an attractive place to invest. You know, we have about $3 billion of domestic money coming into the stock market each month through systematic investment plans. This tends to be very stable money, versus previously where we relied on foreign flows, which were a lot more volatile in nature. This, in turn, makes for some very attractive PE exits into the public markets. Ridham Desai: Are there some significant intersections between the public and private equity markets? Arjun Saigal: You know, it tends to be quite limited, but we do see two areas. The first being pre-IPO rounds, which have been taking place recently in India, where we do see listed public funds coming into these pre-IPO rounds in order to ensure a certain minimum allocation in a company. And secondly, we do see that in certain cases, PE investors have been selectively making pipe investments in sectors like financial services, which have multiple decade tailwinds and require regular capital for growth. Unlike developed markets, we've not seen too many take private deals being executed in India due to the complex regulatory framework. This is perhaps an area which can open up more in the future if the process is simplified. Ridham Desai: Finally, as a wrap up, what do you both think are the key developments and catalysts in India that investors should watch closely? Arjun Saigal: We believe there are a couple of factors, one being repeat depreciation. Historically this has been at 2.5 to 3 percent, and unfortunately, it's been quite expensive to hedge the repeat. So, the way to address this is to sort of price it in. The second is full valuations. India has never been a cheap market, but in certain pockets, valuations of listed players are becoming quite concerning and those valuations in turn immediately push up prices in the large ticket private market space. And lastly, I would just mention tariffs, which is an evolving situation. Jitania Kandhari: I would add a couple more things. Macro equilibrium in India should be sustained – as India has been in one of the best positions from a macroeconomic standpoint. Private sector CapEx is key to drive the next leg of growth higher. Opportunities for the youth to get productively employed is critical in development of an economy. And India has always been in a geopolitical sweet spot in the last few years, and with the tariff situation that needs some resolution and close monitoring. All of this is important for nominal growth, which ultimately drives nominal earnings growth in India that are needed to justify the high valuations. Ridham Desai: Arjun, Jitania, thank you both for your insights. Arjun Saigal: Great speaking with you Ridham. Jitania Kandhari: Thank you for having us on the show. Ridham Desai: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

PREVIEW: GUEST: Alejandro Peña Esclusa SUMMARY: John Batchelor speaks with Alejandro Peña Esclusa, Venezuelan writer in Europe, about the Trumpadministration's intention to charge Nicolás Maduro, the illegitimate president of Venezuela, as head of the Cartel of the Suns drug cartel. Peña Esclusa explains that Maduro will never surrender. Apprehending him requires military force (a gun pointing at his head), as no civilian institution can achieve the arrest. Maduro is conducting military exercises and seeking negotiations with the US President. 1876 CARACAS WELCOMES SIMON BOLIVAR

Our CIO Mike Wilson joins U.S. Equity strategist Andrew Pauker to answer frequently asked questions about their latest economic outlook, including how U.S. equities are transitioning to a new bull market. Read more insights from Morgan Stanley.----- Transcript ----- Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson. Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today we're going to try something a little different. I have my colleague, Andrew Pauker from the U.S. Equity Strategy Team here to discuss some of the client questions and feedback to our views. It's Monday, September 22nd at 11:30am in New York. So, let's get after it. Andrew, we constantly deal with client questions on our views. More recently, the questions have been focused on our view that we've transitioned from a rolling recession to a rolling recovery in a new bull market. Secondarily, it's about the tension between the equity market's need for speed and how fast the Fed will actually cut rates. Finally, why is accelerating inflation potentially good for equities? Where do you want to start? Andrew Pauker: Mike, in my conversations with clients, the main debate seems to be around whether the labor cycle and earnings recession are behind us or in front of us. Walk us through our take here and why we think the rolling recession ended with Liberation Day and that we're now transitioning to an early cycle backdrop. Mike Wilson: So, just to kind of level set, you know, we've had this view that – and starting in 2022 with the payback and the COVID demand. And from the pull forward – that began, what we call, a rolling recession. It started with the technology sector and consumer goods, where the demand was most extreme during the lockdowns. And then of course we've had recessions in housing, manufacturing, and other areas in commodities. Transportation. It's been very anemic growth, if any growth at all, as the economy has been sort of languishing. And what's been strong has been AI CapEx, consumer services, and government. And what we noticed in the first quarter, and we actually called for this almost a year ago. We said now what we need is a government recession as part of the finishing move. And in fact, Doge was the catalyst for that. We highlighted that back in January, but we didn't know exactly how many jobs were lost from Doge's efforts in the first quarter. But we got that data recently. And we saw an extreme spike, and it actually sort of finished the rolling recession. Even AI CapEx had a deceleration starting in the summer of 2024. Something else that we've been highlighting and now we're seeing pockets of weakness even in consumer services. So, we feel like the rolling recession has rolled through effectively the entire economy. In addition to the labor data that now is confirming – that we've had a pretty extreme reduction in jobs, and of course the revisions are furthering that. But what we saw in the private sector is also confirming our suspicions that the rolling recession's over. The number one being earnings revision breath, something we've written about extensively. And we've rarely seen this kind of a V-shaped recovery coming out of Liberation Day, which of course was the final blow to the earnings revisions lower because that made companies very negative and that fed through to earnings revisions. The other things that have happened, of course, is that Doge, you know, did not continue laying people off. And also, we saw the weaker dollar and the AI CapEx cycle bottom in April. And those have also affected kind of a more positive backdrop for earnings growth. And like I said before, this is a very rare occurrence to see this kind of a V-shape recovery and earnings revision breaths. The private economy, in fact, is finally coming out of its earnings recession, which has been in now for three years. Andrew Pauker: And I would just add a couple of other variables as well in terms of evidence that we're seeing the rolling recovery take hold, and that Liberation Day was kind of the punctuation or the culmination of the rolling recession, and we're now transitioning to an early cycle backdrop. So, number one, positive operating leverage is causing our earnings models to inflect sharply higher here. Median stock EPS growth, which had been negative for a lot of the 2022 to 2024 period is now actually turning positive. It's currently positive 6 percent now. The rolling correlation between equity returns and inflation break evens is also now significantly positive. That's classic early cycle. That's something we saw, you know, post COVID, post GFC And then lastly, just in terms of the market internals and kind of what, you know, under the surface, the equity market is telling us. So, the cyclical defensive ratio was down about 50 percent into the April lows. That's now up 50 percent from Liberation Day and is kind of breaking the downtrend that began in April of 2024. So, in addition to the earnings revisions V-shaped recovery that you mentioned, Mike. Those are a couple of other variables as well that are confirming that we're moving towards an early cycle backdrop and that the ruling recovery is commencing. Okay. So, we had the FOMC meeting. As expected the Fed delivered a 25 basis point cut. Mike, what's your read on the meeting as it relates to equities and the reaction function? Mike Wilson: Yeah, I mean this is really what we expected along with the consensus. We didn't have a different view that the Fed would give us 50. They gave us 25, and some people have characterized this as sort of a hawkish cut and very different than what we saw a year ago when the Fed kicked off that part of the rate cutting cycle with 50 basis points because they probably were worried a bit more about the labor market than they were about inflation. But you know, ultimately we think the labor data is going to get worse or the payroll data will prove to be worse because of the delay between the Doge layoffs and when those folks can file for unemployment insurance, which should be in October. And it's that delayed data that will then get the Fed cutting in earnest, which is what's necessary for the full rotation to kind of the lower quality parts of the market. So, while you're right that we've seen cyclicals perform, they haven't performed in the same way that we've seen prior cycles, like in 2020 or [20]08-[20]09, because the Fed hasn't cut. They're very far behind the curve. If you buy into our thesis that, you know, we had a rolling recession, we had an employment cycle, and they should be much more generous here. So that tension between the Fed's delay to get ahead of the curve and the market's need for speed to get there sooner and more deliberately – is where we think that, you know, we have to wait for that to occur to get the full rotation to the lower quality, kind of really cyclical parts of the market. Andrew Pauker: Okay, so let's talk about the back end of the yield curve a little bit and why that's important for stocks. In my dialogue with investors, there's a lot of focus here, just given what happened last fall when the Fed cut at the front end and the back end of the yield curve move higher. How should market participants think about this dynamic? Mike Wilson: Yeah, I mean, I think this is an unknown known, if you will, because we saw this last fall. Where the Fed cut 100 basis points and the back end of the 10-year and 30-year Treasury market sold off. That's the first time we've ever seen that in history, where the Fed cuts that aggressively and the backend moves out. And this is a function of just all the fiscal imbalances and the debt issues that we face. And this is not a new issue. So, I think it remains to be seen if the bond market is going to be comfortable with the Fed not ignoring the 2 percent target – but you know, letting it run hot. As we've said, we think ultimately, they will have to let it run hot and they will, because that's what we need to have a chance at getting out of the debt problem. And so that sort of risk is still out in the future. I have less concern about that more recently because of the way the backend of the bond market has traded. But it's something that we need to keep in the back of our mind. If yields were to go back to 4.50, which is our key level, then that would be a problem as long as we're below, you know, sort of 4.50 and we're well below that now we're close to 4, I don't think this is a problem at all. Andrew Pauker: Yeah. One of the points that our colleague in rate strategy Matt Hornbach has highlighted is that the difference between now and the fourth quarter of last year when we saw that dynamic play out was that, you know, the bond market was very focused on the uncertainty around the fiscal situation. You know, we were going into an election, there was a fair amount of uncertainty around what Trump would do from a fiscal standpoint.And now, that is a known known, you know. We have the One Big Beautiful Bill signed into law. We know what the deficit impact is, so there is more clarity for the bond market on that front. So that is one key difference now versus last fall and why we may not see the same kind of reaction in the rates market. Mike, you brought up, kind of, run it hot, which was the title of our note from a couple of weeks ago. I just wanted to get your take on why some inflation coming back is actually a positive for equities and why actually the deceleration that we've seen in inflation over the last couple years is one reason why earnings for small cap indices, for instance, have deteriorated so much. And so, for in this environment where the Fed is perhaps a bit more tolerant of inflation in 2026, why that's actually a positive for equities. Mike Wilson: This is just an underappreciated sort of factoid that we actually identified back in 2020 and [20]21 as well. That when inflation is accelerating, that's a sign that pricing power is pretty good. And we actually see broader earnings. In fact, the best year for earnings, not just small caps, but the – call it the equal weighted S&P 500 was 2021. And that was the year where obviously inflation was really getting out of control. That was just pure profit for a lot of these businesses. And so – earnings will be better. Our call over the next 12 months is not about multiples or the Fed so much, but that we think earnings are going to end up being better than people expect because (a) we've been through this three-year earnings recession. There's a ton of pent-up demand. Okay? And now inflation is reaccelerating as demand comes back. And that is actually going to fall to the bottom line. So not only is that good for stocks, okay, but it's actually, it's also why the equity risk premium can be lower. Because if you want to hedge that risk of inflation moving higher, well then you should be willing to accept a lower equity risk premium relative to what is actually a pretty good base rate for 10-year yields, close to 2 percent on a real basis. So, you know, that's why the equity risk premium can stay low and why stocks can accrue at a, you know, pretty high PE multiple as these earnings come through better than expected. And one of the reasons is that inflation actually is accelerating in some of these areas where it's been deflationary. Andrew Pauker: Lastly, Mike, you know, you brought this up briefly. I want to address rotations under the surface of the market. We took off our large cap buys a few weeks ago, and as you mentioned, kind of signaled our intention – to get more constructive on small caps later this year in the fourth quarter. Can you specifically kind of walk through the signpost that we're waiting for before pressing the long, small cap trade here? Mike Wilson: Yeah, I mean, we've probably… This is probably one of the areas we've done a really good job of just, you know, staying away from the fray. Meaning that, you know, we've been underweight small caps for really four years, and they've underperformed that entire time. I think the thing that we've been really patient about is just waiting for the Fed to lower rates to a level that's more conducive for these businesses that (a) need to obviously recap themselves, but then the cost of capital is just too high. So that's number one. But , at the end of the day, I mean, that should translate into better earnings revisions and that also has lagged. So, it's a combination of the two. The Fed getting ahead of the curve, which I would define as fed funds at least equal to two-year Treasury yields, but hopefully below two-year Treasury yields. Right now, we're about 60-65 basis points still above two-year yields . And then the second one is this ‘earnings your vision breadth on a relative basis. Small over large. It is trying to turn up now. It's been in a straight downtrend really for the last, you know, four years. And so those two together will affect a more robust relative outperformance. And just to be clear, small caps have done really well since Liberation Day, okay. So, in absolute terms, it's been great. It's just the relative trade has not really worked yet. That's where we're going to leave this conversation. Thanks for speaking with me, Andrew, to explain some of the thinking behind our calls. To our listeners, thanks for tuning in. I hope you found it informative and useful, and let us know what you think by leaving us a review. If you think Thoughts on the Market is worthwhile, tell a friend or colleague to try it out.