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Historically, many PE-backed firms don't take marketing & branding seriously. They think building a brand is irrelevant and takes too long, especially for the aggressive timelines often found in private equity. What if we told you building a brand and then marketing that brand can actually work as a shortcut to the results you want AND increase your valuation? We wanted you to learn from an expert with a ton of experience here, so we welcomed on Marc Rust. He's the Managing Director of Consequently Creative (CQC), who helps private equity increase portfolio company valuations & navigate change with brand momentum. For more about ForthRight Business by ForthRight People or for 1:1 consultation, check us out at ForthRight-Business.com And as always, if you need Strategic Counsel, don't hesitate to reach out to us at: ForthRight-People.com FACEBOOK https://www.facebook.com/forthrightpeople.marketingagency INSTAGRAM https://www.instagram.com/forthrightpeople/ LINKEDIN https://www.linkedin.com/company/forthright-people/ RESOURCES https://www.forthright-people.com/resources VIRTUAL CONSULTANCY https://www.forthright-people.com/shop
Análise pós-jogo das partidas entre Bahia x Galícia, Ceará x Iguatu e Santa Cruz x Vitória-PE. Vem com a turma! Bahia aciona o seu elenco principal e tem mais um passeio no parque. Kauê Furquim marca pela primeira vez no profissional para público de mais de 20 mil na Fonte Nova. Ceará sai na frente […]
Our Head of Research Product in Europe Paul Walsh and Chief European Equity Strategist Marina Zavolock break down the main themes for European stocks this year. Read more insights from Morgan Stanley.----- Transcript -----Paul Walsh: Welcome to Thoughts on the Market. I'm Paul Walsh, Morgan Stanley's Head of Research Product here in Europe.Marina Zavolock: And I'm Marina Zavolock, Chief European Equity Strategist.Paul Walsh: Today, we are here to talk about the big debates for European equities moving into 2026.It's Friday, January the 16th at 8am in London.Marina, it's great to have you on Thoughts on the Market. I think we've got a fascinating year ahead of us, and there are plenty of big debates to be exploring here in Europe. But let's kick it off with the, sort of, obvious comparison to the U.S.How are you thinking about European equities versus the U.S. right now? When we cast our eyes back to last year, we had this surprising outperformance. Could that repeat?Marina Zavolock: Yeah, the biggest debate of all Paul, that's what you start with. So, actually it's not just last year. If you look since U.S. elections, I think it would surprise most people to know that if you compare in constant currency terms; so if you look in dollar terms or if you look in Euro terms, European equities have outperformed U.S. equities since US elections. I don't think that's something that a lot of people really think about as a fact.And something very interesting has happened at the start of this year. And let me set the scene before I tell you what that is.In the last 10 years, European equities have been in this constantly widening discount range versus the U.S. on valuation. So next one's P/E there's been, you know, we have tactical rallies from time to time; but in the last 10 years, they've always been tactical. But we're in this downward structural range where their discount just keeps going wider and wider and wider. And what's happened on December 31st is that for the first time in 10 years, European equities have broken the top of that discount range now consistently since December 31st. I've lost count of how many trading days that is. So about two weeks, we've broken the top of that discount range. And when you look at long-term history, that's happened a number of times before. And every time that happens, you start to go into an upward range.So, the discount is narrowing and narrowing; not in a straight line, in a range. But the discount narrows over time. The last couple of times that's happened, in the last 20 years, over time you narrow all the way to single digit discount rather than what we have right now in like-for-like terms of 23 percent.Paul Walsh: Yeah, so there's a significant discount. Now, obviously it's great that we are seeing increased inflows into European equities. So far this year, the performance at an index level has been pretty robust. We've just talked about the relative positioning of Europe versus the U.S.; and the perhaps not widely understood local currency outperformance of Europe versus the U.S. last year. But do you think this is a phenomenon that's sustainable? Or are we looking at, sort of, purely a Q1 phenomenon?Marina Zavolock: Yeah, it's a really good question and you make a good point on flows, which I forgot to mention. Which is that, last year in [Q1] we saw this really big diversification flow theme where investors were looking to reduce exposure in the U.S., add exposure to Europe – for a number of reasons that I won't go into.And we're seeing deja vu with that now, mostly on the – not really reducing that much in U.S., but more so, diversifying into Europe. And the feedback I get when speaking to investors is that the U.S. is so big, so concentrated and there's this trend of broadening in the U.S. that's happening; and that broadening is impacting Europe as well.Because if you're thinking about, ‘Okay, what do I invest in outside of seven stocks in the U.S.?' You're also thinking about, ‘Okay, but Europe has discounts and maybe I should look at those European companies as well.' That's exactly what's happening. So, diversification flows are sharply going up, in the last month or two in European equities coming into this year.And it's a very good question of whether this is just a [Q1] phenomenon. [Be]cause that's exactly what it was last year. I still struggle to see European equities outperforming the U.S. over the course of the full year because we're going to come into earnings now.We have much lower earnings growth at a headline level than the U.S. I have 4 percent earnings growth forecast. That's driven by some specific sectors. It's, you know, you have pockets of very high growth. But still at a headline level, we have 4 percent earnings growth on our base case. Consensus is too high in our view. And our U.S. equity strategists, they have 17 percent earnings growth, so we can't compete.Paul Walsh That's a very stark difference.Marina Zavolock: Yeah, we cannot compete with that. But what I will say is that historically when you've had these breakouts, you don't get out performance really. But what you get is a much narrower gap in performance. And I also think if you pick the right pockets within Europe, then you could; you can get out performance.Paul Walsh: So, something you and I talked about a lot in 2025, is the bull case for Europe. There are a number of themes and secular dynamics that could play out, frankly, to the benefits of Europe, and there are a number of them. I wondered if you could highlight the ones that you think are most important in terms of the bull case for Europe.Marina Zavolock: I think the most important one is AI adoption. We and our team, we have been able to quantify this. So, when we take our global AI mapping and we look at leading AI adopters in Europe, which is about a quarter of the index, they are showing very strong earnings and returns outperformance. Not just versus the European index, but versus their respective sectors. And versus their respective sectors, that gap of earnings outperformance is growing and becoming more meaningful every time that we update our own chart.To the point that I think at this rate, by the second half of this year, it's going to grow to a point that it's more difficult for investors to ignore. That group of stocks, first of all, they trade again at a big discount to U.S. equivalent – 27 percent discount. Also, if you see adoption broadening overall, and we start to go into the phase of the AI cycle where adopters are, you know, are being sought after and are seen as in the front line of beneficiaries of AI. It's important to remember Europe; the European index because we don't have a lot of enablers in our index. It is very skewed to AI adopters. And then we also have a lot of low hanging fruit given productivity demographic challenges that AI can help to address. So that's the biggest one.Paul Walsh: Understood.Marina Zavolock: And the one I've spent most time on. But let me quickly mention a few others. M&A, we're seeing it rising in Europe, almost as sharply as we're seeing in the U.S. Again, I think there's low hanging fruit there. We're seeing easing competition commission rules, which has been an ongoing thing, but you know, that comes after decade of not seeing that. We're seeing corporate re-leveraging off of lows. Both of these things are still very far from cycle peaks. And we're seeing structural drivers, which for example, savings and investment union, which is multifaceted. I won't get into it. But that could really present a bull case.Paul Walsh: Yeah. And that could include pensions reform across Europe, particularly in Germany, deeper capital…Marina Zavolock: We're starting to see it.Paul Walsh: And in Europe as well, yeah. And so just going back to the base case, what are you advocating to clients in terms of what do we buy here in Europe, given the backdrop that you've framed?Marina Zavolock: Within Europe, I get asked a lot whether investors should be investing in cyclicals or value. Last year value really worked, or quality – maybe they will return. I think it's not really about any of those things. I think, similar to prior years, what we're going to see is stock level dispersion continuing to rise. That's what we keep seeing every month, every quarter, every year – for the last couple of years, we're seeing dispersion rising.Again, we're still far from where we normally get to, when we get to cycle peaks. So, Europe is really about stock picking. And the best way that we have at Morgan Stanley to capture this alpha under the surface of the European index. And the growth that we have under the surface of the index, is our analyst top picks – which are showing fairly consistent outperformance, not just versus the European index, but also versus the S&P. And since inception of top picks in 2021, European top picks have outperformed the S&P free float market cap weighted by over 90 percentage points. And they've outperformed, the S&P – this is pre-trade – by 17 percentage points in the last year. And whatever period we slice, we're seeing out performance.As far as sectors, key sectors, Banks is at the very top of our model. It's the first sector that non-dedicated investors ask me about. I think the investment case there is very compelling. Defense, we really like structurally with the rearmament theme in Europe, but it's also helpful that we're in this seasonal phase where defense tends to really outperform between; and have outsized returns between January and April. And then we like the powering AI thematic, and we are getting a lot of incoming on the powering AI thematic in Europe. We upgraded utilities recently.Paul, maybe if I ask you a question, one sector that I've missed out on, in our data-driven sector model, is the semis. But you've worked a lot with our semi's team who are quite constructive. Can you tell us about the investment case there?Paul Walsh: Yeah, they're quite constructive, but I would say there's nuance within the context of the sector. I think what they really like is the semi cap space, which they think is really well underpinned by a robust, global outlook for wafer fab equipment spend, which we see growing double digits globally in both 2026 and 2027.And I think within that, in particular, the outlook for memory. You have something of a memory supercycle going on at the moment. And the outlook for memory is especially encouraging. And it's a market where we see it as being increasingly capacity constrained with an unusually long order book visibility today, driven really by AI inference. So strong thematic overlay there as well.And maybe I would highlight one other key area of growth longer term for the space, which is set to come from the proliferation of humanoid robots. That's a key theme for us in 2025. And of course, we'll continue to be so, in the years to come. And we are modeling a global Humanoids Semicon TAM of over $300 billion by 2045, with key pillars of opportunity for the semi names to be able to capitalize on. So, I think those are two areas where, in particular, the team have seen some great opportunities.Now bringing it back to the other side of the equation, Marina, which sectors would you be avoiding, within the context of your model?Marina Zavolock: There's a collection of sectors and they, for the most part, are the culprits for the low growth that we have in Europe. So simply avoiding these could be very helpful from a growth perspective, to add to that multiple expansion. These are at the bottom of our data driven, sector models. So, these are Autos, Chemicals, Luxury Transport, Food and Beverage.Most of these are old economy cyclicals. Many of these sectors have high China/old economy exposure – as well where we're not seeing really a demand pickup. And then lastly, a number of these sectors are facing ever rising China competition.Paul Walsh: And I think, when we weigh up the skew of your views according to your model, I think it brings it back to the original big debate around cyclicals versus defensives. And your conclusion that actually it's much more complicated than that.Marina, thanks for taking the time to talk.Marina Zavolock: Great to speak with you Paul.Paul Walsh: 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.
F2 is the AI platform for private markets investors, automating due diligence and portfolio monitoring workflows with agentic AI. After building ARK into a digital banking platform that scaled from tens of millions to tens of billions in loan volume, Donald Muir developed AI technology to automate debt placement on ARK's marketplace. When upmarket institutional lenders requested access to the AI for their entire deal flow—not just ARK's marketplace deals—Donald recognized the technology's standalone value. In this episode of BUILDERS, Donald shares how he's commercializing enterprise-grade AI for an industry where he personally spent years in the private equity bullpen, and how F2 is addressing the reliability and trust barriers that prevent AI adoption in high-stakes financial decision-making. Topics Discussed How F2 emerged from ARK's internal need to automate debt marketplace screening memos The technical approach to eliminating hallucination in Excel-based financial analysis Replicating private equity's "super day" interview format to prove AI capability with live deal data Sales team composition: hiring ex-finance professionals instead of traditional sales reps AI's role in evolving private equity analysts from menial tasks to system operators Product roadmap from due diligence to portfolio monitoring to deal syndication platform Maintaining operational independence while preserving strategic alignment with ARK GTM Lessons For B2B Founders Solve your own hardest problem first, then productize: Donald built F2's core technology to scale ARK's debt marketplace, focusing on the most difficult engineering challenge—reliable financial analysis of unstructured Excel data—because the marketplace required it. This resulted in technology that foundation models still haven't replicated over a year later. The aha moment came when institutional lenders wanted the AI for all their deal flow, not just marketplace transactions. Organic internal development created category-leading capabilities and validated product-market fit before commercialization. B2B founders should identify which internal operational challenges, if solved, could become standalone products serving the broader market. Design sales processes that mirror how your ICP evaluates talent: Donald replicated private equity's "super day" format where analyst candidates receive a data room, laptop without internet access, and three hours to produce an LBO model and investment thesis. F2 runs identical timed tests—customers send live deal data rooms under NDA, F2 generates investment committee memos using their templates, and presents same-day results. This proves the AI can perform at the standard funds use to evaluate human analysts they hire 18 months before start dates. B2B founders selling into industries with rigorous talent evaluation processes should reverse-engineer those frameworks into product demonstrations that speak to buyer expectations. Prioritize credibility over sales experience in technical markets: Donald's entire sales team consists of ex-finance professionals who lived in the seat—no traditional salespeople. These reps can screen-share investment memos created that morning and discuss them authentically with MDs and principals using industry-specific language. After 4.5 years running go-to-market at ARK, Donald teaches sales methodology to domain experts rather than teaching domain expertise to salespeople. For deals averaging half a billion dollars flowing through the platform, buyer credibility outweighs sales polish. B2B founders in specialized verticals should evaluate whether domain fluency or sales pedigree matters more for their specific buyer personas and deal complexity. Engineer for auditability before optimizing for speed: F2 focused on eliminating hallucination and achieving mathematical accuracy—solving what Donald calls the "reliability and trust" gap—before addressing workflow efficiency. The company name references the F2 keystroke used to audit Excel calculations at 3 AM in the PE bullpen. This positioning directly addresses the barrier preventing AI adoption for investment decisions: LLMs hallucinate, can't do math, and lack auditability. Only after proving the AI produces auditable, trustworthy output did F2 layer on speed benefits. B2B founders building for high-stakes decision environments should identify the fundamental trust barrier and make it the core technical focus before feature expansion. Leverage institutional knowledge as competitive differentiation: Beyond automating existing workflows, F2 enables firms to pipe in decades of institutional knowledge via API—instantly benchmarking new deals against thousands of historical transactions by vertical, revenue size, leverage levels, and management quality. This transforms screening memos from isolated analyses into context-rich evaluations informed by complete firm history. The AI doesn't just work faster; it has comprehensive context that individual analysts manually searching SharePoint folders could never access. B2B founders should identify where accumulated institutional data creates compounding value beyond point-in-time automation. // Sponsors: Front Lines — We help B2B tech companies launch, manage, and grow podcasts that drive demand, awareness, and thought leadership. www.FrontLines.io The Global Talent Co. — We help tech startups find, vet, hire, pay, and retain amazing marketing talent that costs 50-70% less than the US & Europe. www.GlobalTalent.co // Don't Miss: New Podcast Series — How I Hire Senior GTM leaders share the tactical hiring frameworks they use to build winning revenue teams. Hosted by Andy Mowat, who scaled 4 unicorns from $10M to $100M+ ARR and launched Whispered to help executives find their next role. Subscribe here: https://open.spotify.com/show/53yCHlPfLSMFimtv0riPyM
¡¡NUEVO PODCAST!!-Tomás Méndez... Hijo del compositor Tomás Méndez…“Día del Compositor ” -Dr. Agustín Zerón… ¿Por qué nos enfermamos? -Cartelera Cinematográfica… José Antonio Valdés Peña. -Karla Bustillos y Mau McMahon… Libro: “Universo Karmas” (El inicio de una gran aventura)
On today's episode of Have Kids They Said, Rich and Nicole get into whether you're a friendship maintainer, a Heated Rivalry mention, and ask what you think actors think about during smooch scenes. Things turn real as they talk men and feelings, Nicole's Oura stats haunting her, and her very strong feelings about PE teachers and body image. Rich realizes he might have a control issue, they ask what kind of sports parents are you, a gym shower question, share a funny post-COVID school story, and Benny asks what romance is.Hit play now, because this one goes from funny to real and back again fast. Have Kids, They Said... is a SiriusXM Network Podcast made by Nicole Ryan and Rich Davis.If you'd like to send us a message or ask a question email us at HKTSpod@gmail.comFollow on social media:Instagram @havekidstheysaidpodNicole @mashupnicoleRich @richdavisand @siriusxm Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Gazeteci ve yazar Tuğçe Tatari, “Gençler Nereye: Bir Kuşağın Peşinde” kitabını Özge Elvan'a anlatıyor. Bu videoda gençlerin neden yurtdışına gitmek istediği, Türkiye'de genç olmanın ne anlama geldiği ve siyasete neden güvenmedikleri tartışılıyor. Ayrıca ekonomik krizin gençleri nasıl etkilediği, “ev genci” gerçeği, fırsat eşitsizliği ve gençlerin umut mu yoksa umutsuzluk mu yaşadığı ele alınıyor. Learn more about your ad choices. Visit megaphone.fm/adchoices
Our Head of India Research and Chief India Equity Strategist Ridham Desai addresses a big debate: whether India stocks are poised for a recovery after underperforming other emerging markets in 2025.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Ridham Desai, Morgan Stanley's Head of India Research and Chief India Equity Strategist. Today: one of the big debates in Asia this year. Can Indian equities recover their strength after a historic slump? It's Wednesday, January 14th, at 2pm in Mumbai.India ended 2025 with its weakest relative performance versus Emerging Markets since 1994. That's right – three decades. The reason? A mid-cycle growth slowdown, rich valuations, and the fact that India doesn't offer an explicit AI-related trade. Add in delays on the U.S. trade deal plus India's low beta in a global bull market, and you've got a recipe for underperformance. But we think the tide is turning. Valuations have corrected meaningfully and likely bottomed out in October. More importantly, India's growth cycle looks poised for a positive surprise. Policymakers have gone all-in on reflation, deploying a mix of aggressive measures to revive momentum. The Reserve Bank of India has cut rates, reduced the cash reserve ratio, infused liquidity and gone in for bank deregulation which are adding fuel to the fire. The government has front-loaded capital expenditure and announced a massive ₹1.5 trillion GST rate cut to encourage people to spend more on goods and services. All these moves – along with improving ties between India and China, Beijing's new anti-involution push, and the possibility of a major India-U.S. trade deal – are laying solid groundwork for recovery. Put simply, India's once-tough, post-pandemic economic stance is easing up. And that could open the door to a major shift in how investors see the market going forward. India's macro backdrop is also evolving. The reduced reliance on oil in GDP, the growing share of exports, especially in services, the ongoing fiscal consolidation – all indicate a smaller saving imbalance. This means structurally lower interest rates ahead. And flexible inflation targeting, and volatility in both inflation and interest rates should continue to decline. High growth with low volatility and falling rates should translate into higher P/E multiples. And don't forget the household balance sheet shift toward equities. Systematic flows into domestic mutual funds are evidence of this trend. Investor concerns are understandable, but let's keep them in context. More companies raising capital often signals growth ahead, not just high valuations. Domestic investment remains strong, thanks to a steady shift toward equities. India's premium valuations reflect solid long-term growth prospects and expectations for lower real interest rates. On the policy front, efforts to boost growth are robust, and we see real growth potentially surprising to the upside. While India isn't a leader in AI yet, the upcoming AI summit in February could help address concerns about India's role in tech innovation. What key catalysts should investors watch? Look for positive earnings revisions, further dovishness from the RBI, reforms from the government including privatization, and the long-awaited U.S. trade deal. But also keep an eye on key risks – slower global growth and shifting geopolitical dynamics. So, after fifteen months of relative pain, could India be on the cusp of a structural re-rating? If growth surprises to the upside – and we think it will – the story of 2026 may just be India's comeback. Stay tuned.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.
Fish Like Mike — is a former PE teacher and varsity hockey coach from Buffalo, New York who built a massive audience by doing what he genuinely loves: getting outside, learning the woods, and telling the story like a buddy would. He started fishing in high school with a cheap kayak and a GoPro duct-taped to a hockey stick… and years later, he made the big call to step away from a “safe” career to go all-in on content, travel, and the freedom to fish on a Tuesday when nobody's around. In this conversation, we get into the real stuff: the grind of teaching + coaching + building content on weekends, the moment he knew it was time to rip the band-aid off, why Instagram views don't pay like people think, and why those “little creeks” in New York might be one of the most underrated fisheries in the country. Some of the moments I found most meaningful in this conversation were: How he built his entire audience with almost no “fancy” gear — just consistency, curiosity, and telling the truth on camera. The mindset shift from “posting videos” to “building a business” — and why reputation matters more than follower count. The possum video lesson: when your face is on camera and you teach like a friend, people stick around. Great Lakes tributaries that can give you a 5-pound smallmouth and a 30-inch “steelhead” in the same day. Leaving teaching wasn't about money — it was about freedom, time, and not waiting until retirement to live the life.
Raids replaced audits, and guns replaced spreadsheets. Blake and David connect the dots from Minnesota's sprawling public-assistance fraud to a decade of IRS budget cuts and ICE crackdowns. You'll learn why enforcement shifted from prevention to raids, what California's one-time billionaire tax really proposes, how new AICPA rules could hit PE-backed firms, and why a botched audit didn't cost PwC its client, plus one pro tip to level up your Excel game.SponsorsOnPay - http://accountingpodcast.promo/onpayTaxBandits - http://accountingpodcast.promo/taxbanditsUNC - http://accountingpodcast.promo/uncChapters(00:00) - TAP 470 (00:33) - Minnesota Fraud Scandal Overview (03:18) - Historical Context and IRS Budget Cuts (08:34) - IRS and ICE Collaboration Issues (10:39) - Impact of Budget Cuts on Fraud (20:56) - Current Events and Political Reactions (26:17) - California Billionaire Tax Act (27:58) - Billionaire Tax Proposal Discussion (29:01) - Challenges of Implementing Wealth Tax (29:58) - Practical Concerns and Comparisons (34:24) - VRBO's Legal Battle with Michigan (36:46) - Private Equity and CPA Firms (47:17) - UNC Master of Accounting Program (51:11) - Excel World Championships Insights (55:27) - Earmark App for CPE Credits Show NotesJudge hits pause on IRS sharing taxpayer information with ICE https://www.nbcnews.com/politics/immigration/judge-issues-order-blocking-irs-sharing-taxpayer-information-ice-rcna245262Federal Agents Pepper Spray Protesters During Tucson Taco Giro Raid https://www.themarshallproject.org/2025/12/05/tucson-ice-raid-protests-taco-giroPoll: Nearly Half of Americans Think Their Financial Security Is Worsening https://www.cpapracticeadvisor.com/2025/12/29/poll-nearly-half-of-americans-think-their-financial-security-is-worsening/175587/California Billionaire Tax Act (2026 Billionaire Tax Act - PDF) https://oag.ca.gov/system/files/initiatives/pdfs/25-0024A1%20(Billionaire%20Tax%20).pdfVrbo Parent Company Sues Michigan Over $18.8 Million Tax Bill https://www.cpapracticeadvisor.com/2026/01/02/vrbo-parent-company-sues-michigan-over-18-8-million-tax-bill/175675/AICPA Seeks Comment on Ethics Rules Update for Alternative Practice Structures https://www.aicpa-cima.com/news/article/aicpa-seeks-comment-on-ethics-rules-update-for-alternative-practiceWH Smith asks shareholders to support PwC despite audit error https://www.internationalaccountingbulleteen.com/news/wh-smith-support-pwc-audit-error/I won the Microsoft Excel World Championship. Here's what every office worker should know about Excel. https://www.yahoo.com/lifestyle/articles/won-microsoft-excel-world-championship-093001306.htmlNeed 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/OvercastWant 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
Hablamos en Bogotá con la periodista especializada en espectáculos Uschi Levy; en Washington D.C. con la corresponsal de Univision Noticias, María Molina, y en La Paz con el director de "Brújula Digital", Raúl Peñaranda
Discover how Courtney Wiley Martin, an inclusion specialist, and her colleague Casey, a PE teacher, used UDL to create a physical education course that continues to bring students with significant disabilities and general education peers together, transforming school culture and proving students lead the way to true inclusion.
O relator da PEC da Segurança Pública na Câmara dos Deputados, Mendonça Filho (União-PE), disse nesta quarta-feira, 14, que a Casa deve aprovar o texto no final de fevereiro ou na primeira quinzena de março.Meio-Dia em Brasília traz as principais notícias e análises da política nacional direto de Brasília. Com apresentação de José Inácio Pilar e Wilson Lima, o programa aborda os temas mais quentes do cenário político e econômico do Brasil. Com um olhar atento sobre política, notícias e economia, mantém o público bem informado. Transmissão ao vivo de segunda a sexta-feira às 12h. Apoie o jornalismo Vigilante: 10% de desconto para audiência do Meio-Dia em Brasília https://bit.ly/meiodiaoa Siga O Antagonista no X: https://x.com/o_antagonista Acompanhe O Antagonista no canal do WhatsApp. Boletins diários, conteúdos exclusivos em vídeo e muito mais. https://whatsapp.com/channel/0029Va2SurQHLHQbI5yJN344 Leia mais em www.oantagonista.com.br | www.crusoe.com.br
A tiny Wisconsin window company grew from $500K to $5M by attacking private-equity competitors with bold identity-based radio ads highlighting honesty, pricing, and local ownership. Rich then used the same strategy for Bay State Bath—female-led, local, and anti-Wall-Street messaging—paired with OTT/TV spots featuring "Baby Richie." Results: record sales and a major PE competitor collapsing. Local identity beats corporate sameness.
On this week's episode of the Peter Crouch Podcast, Pete, Sids, and Chris dive headfirst into the magic — and madness — of the FA Cup. Fresh off an unforgettable third round, the lads break down one of the greatest underdog stories you'll ever hear, as non-league Macclesfield stun Crystal Palace and remind everyone why this competition still matters.Crouchy opens up about why these moments genuinely move him, sharing his love for the underdog and why football stories like this never lose their power. We hear firsthand from FA Cup hero Sam Heathcote — a PE teacher by day — as he joins the pod straight from the car en route to his next game, still buzzing from the biggest moment of his life.Elsewhere, the conversation turns darker as the lads unpack the brutal realities of the January transfer window. Sids delivers a painfully honest story about a training-ground moment that changed everything, revealing just how quickly confidence, careers, and clubs can turn… From muddy six-yard boxes to that infamous line — “we won't stop you” — this episode has it all.FA Cup magic, transfer trauma, darts obsession, Spanish songs, and absolute chaos. This is football in all its glory.00:00 - Welcome back, energy and settling in03:42 - Crouchy's holiday glow and chaotic catch-up06:40 - Back in the studio and the pod's evolving setup09:27 - FA Cup third-round draw reactions10:16 - The Macclesfield vs Palace shock explained12:14 - Why non-league FA Cup stories hit harder14:57 - Calling FA Cup hero Sam Heathcote and teammates live18:00 - A PE teacher by day, giant-killer by night21:35 - Was there belief before the upset?24:00 - The aftermath: celebrations, chaos and reality26:30 - Coming down from the FA Cup emotional high29:23 - FA Cup fallout and Tottenham reaction32:10 - Sidwell's January transfer experiences36:54 - The training-ground moment that changed everything39:06 - “I've never felt so degraded” — career crossroads42:10 - The phrase players fear: “We won't stop you”46:30 - Why January transfers mess with your head47:20 - Paddy Power segment53:40 - Will the heat affect our World Cup?58:40 - Final reflections on FA Cup magic and January realityFollow our Clips page https://www.youtube.com/channel/UCLNBLB3xr3LyiyAkhZEtiAA For more Peter Crouch: Twitter - https://twitter.com/petercrouch Therapy Crouch - https://www.youtube.com/@thetherapycrouch For more Chris Stark Twitter - https://twitter.com/Chris_StarkInstagram - https://www.instagram.com/chrisstark/For more Steve Sidwell Twitter - https://twitter.com/sjsidwell Instagram - https://www.instagram.com/stevesidwell14 #PeterCrouch #ThatPeterCrouchPodcast Hosted on Acast. See acast.com/privacy for more information.
Buenos Días Peña se llena de ritmo y nostalgia para hablar del fenómeno de la canción del verano. Charlamos con David Summer, al que muchos señalan como el verdadero impulsor de este género popular que ha marcado generaciones. Fórmulas infalibles, letras pegadizas, animales, rimas imposibles, estaciones del año… y hasta una versión karaoke improvisada.
[00:00:00] George Buhnici: Invitatul nostru în această seară este profesorul nostru preferat, domnul Dumitru Borțun. [00:00:05] Bine ați revenit, domnul profesor! Mulțumesc! Avem o teme fierbință la ordinea zile și una [00:00:10] dintre cele mai importante. Voi începe cu breaking news-ul săptămânii acestea. [00:00:15] asasinarea în public a unei dintre cei mai importanti să le spunem [00:00:20] așa, exponenței republicanilor MAGA din Statele [00:00:25] Unite Un tânăr de 31 de ani, Charlie Kirk, împușcat de un [00:00:30] aparent radicalizat care credea el că Charlie Kirk [00:00:35] împrăștie ură.[00:00:36] Dumitru Bortun: Da, dar se pare că ăsta e mai fascist decât [00:00:40] Kirk. Sunt doi radicali care au un discurs alurii [00:00:45] și unul și altul. [00:00:47] George Buhnici: Ok. Sunt doar câteva zile de la [00:00:50] moartea lui Charlie Kirk. Noi suntem la un pic de distanță, destul de safe. Acolo spiritele sunt atât de fierbinți [00:00:55] încât... Guvernatorul statului iutaiei le-a recomandat oamenilor să plece de pe social media pentru că era furia [00:01:00] prea mare.Trăim într-o economie a furiei. Însă deci de la distanță din [00:01:05] experiența noastră, când vă uitați și la Charlie Kirk și la asasinul lui, [00:01:10] nu vedeți o victimă și un agresor? [00:01:13] Dumitru Bortun: Ba da. Și [00:01:15] regret că un om tânăr și doar un [00:01:20] influencer, nu un om care apasă pe butoane, care ia decizii politice [00:01:25] Este omorât. Lasă în urma lui [00:01:30] doi copii fără tată, lasă o soție tânără, [00:01:35] neconsolată deci lucrurile astea sunt oribile.Dar [00:01:40] vreau să vă spun că asistăm la [00:01:45] simptomul unei rupturi foarte puternice în societatea americană. [00:01:50] Pentru că un astfel de eveniment nu polarizează o societate în halul ăsta, [00:01:55] dacă societatea respectivă nu este deja polarizată, dacă nu e [00:02:00] ruptă în două părți, cel puțin. Deci ruptura [00:02:05] preexista. [00:02:06] George Buhnici: Ok, vedem deja această ruptură care este [00:02:10] amplificată de toate părțile implicate de an de zile în Statele Unite, nu e nouă.Am văzut o [00:02:15] mâncă dinaintea lui Obama, apoi s-a transferat primar Am Trump [00:02:20] și a lui Biden și acum am ajuns la punctul la care vedem tentative de asasinat tot mai [00:02:25] des. Am văzut și cea împotriva lui Donald Trump, am văzut atentate teroriste, au fost denumite [00:02:30] încindierile showroom-urilor Tesla, tot pe motive politice.În momentul [00:02:35] acesta vedem această ruptură care ajunge în faza pe gloanțe, ca să zicem așa. [00:02:40] Faza pe, cum zic cei din zona militară, faza kinetică. [00:02:44] Dumitru Bortun: [00:02:45] Da, da. Este întâi faza violenței simptomale Simbolice, [00:02:50] când ne vorbim urât și ne jurăm, urmează faza violenței [00:02:55] fizice. După aceea urmează faza [00:03:00] gloanțelor, cum bine ați spus, și, Doamne ferește [00:03:05] următoarea este faza războiului civil.Deci genul [00:03:10] ăsta de conflict este amplificat din păcate de noile [00:03:15] mijloace de comunicare în masă, așa zisele new [00:03:20] media, tot ce ține de internet, de rețele sociale, de bloguri, de [00:03:25] vloguri și așa mai departe. Podcast-uri. [00:03:28] George Buhnici: Charlie Kirk [00:03:30] este un om născut din acest val de social media. Este unul dintre oamenii care a [00:03:35] folosit excepțional de bine algoritmul, avea [00:03:40] propriului podcast și a creat un ONG și a creat această faimă de om care [00:03:45] poate să dezbată cu oricine, mai ales în public, să zicea în universități și transforma chestia asta.[00:03:50]Un pe care îl publica peste tot. A devenit extrem de influent și a atras [00:03:55] destul de mulți oameni care au ajuns să-l susțină pe Donald Trump [00:04:00][00:04:00] Dumitru Bortun: prin aceste [00:04:01] George Buhnici: activări ale lui. [00:04:02] Dumitru Bortun: Sunt de acord că era foarte talentat [00:04:05] și că avea un talent deosebit de a mobiliza, avea o [00:04:10] anumită carismă de la modul în care arăta, la modul în care [00:04:15] vorbea, punea problema.Dar vreau să vă spun că, așa [00:04:20] zisele... Dezbatere ale lui nu erau chiar [00:04:25] dezbateri Vedeți că există pe internet, spun pentru cei care ne [00:04:30] urmăresc, dumneavoastră știți, pentru că le-am primit chiar de la dumneavoastră, sunt [00:04:35] două filme cu un cadru didactic un lecturer de la [00:04:40] Universitatea Cambridge, care face analiză pe text, [00:04:45] face analiză de discurs.[00:04:47] George Buhnici: Și vorbim despre niște dezbateri [00:04:50] pe care Charlie Kirk le-a făcut în Europa, a fost la Cambridge, la [00:04:55] Oxford și s-au zis acolo încercând să convingă universitățile britanice [00:05:00] să se lepede de ochism. [00:05:03] Dumitru Bortun: Să se [00:05:05] lepede de tot ce înseamnă stânga. Ochismul este doar pretextul. Așa. Vor să [00:05:10] scoată universitățile de sub influența mișcărilor [00:05:15] de stânga.Cele care vorbesc despre o societate deschisă despre emanciparea [00:05:20] oamenilor despre libertatea de alegere, despre [00:05:25] progres și care [00:05:30] sunt teme nesuferite celor de dreapta din Statele Unite. [00:05:35] Și am început cu aceste mari universități legendare [00:05:40] universități din Europa. Eu vreau să vă spun că acest film, care este [00:05:45] un...Studiu este un film didactic foarte reușit. Eu mi-am și [00:05:50] scos pe hârtie după ce mi-ați trimis... [00:05:55] Filmul, mi-am scos grășelile, pentru că și eu [00:06:00] predau gândire critică. Fallacies, nu? Fallacies. Erori de gândire [00:06:05] din perspectiva teoriei critical thinking. Și sunt de [00:06:10] pildă moving the goalpost, adică a schimba regulile [00:06:15] sau chiar subiectul sau criteriile după care discuți [00:06:20] și analizezi o problemă în timpul discuției.Sau burden of [00:06:25] prof, datoria de a dovedi ceva, o presiune de a dori ceva [00:06:30] pe care o pui în celuilalt. Sau post hoc, ergo [00:06:35] procter hoc. Post hoc înseamnă în latină după aceea, procter hoc, [00:06:40] din cauza aceea. Acest sofism, că dacă ceva urmează după [00:06:45] altceva, înseamnă că este efectul acelui fenomen. Doar pentru că e [00:06:50] după el.Nu e neapărat o relație. cauzală. El practică această [00:06:55] eroare de argumentare. Formă personal incredibility, [00:07:00] incredality, adică neîncrederea personală. Eu nu cred în ce spui. Tu nu poți [00:07:05] să credi așa ceva. [00:07:05] George Buhnici: Într-o dezbatere științifică chestia asta e inacceptabilă [00:07:08] Dumitru Bortun: E inacceptabilă. Nu mă interesează [00:07:10] că tu nu poți să crezi.E problemă subiectivă. Poate te-a bătut taică tu când erai mic. Poate [00:07:15] ai avut un unchi care era șeptic. Nu știu care e istoria ta [00:07:20] personală. De ce nu crezi treaba asta? Deci... Pe urmă [00:07:25] red herring, cherry picking, sunt mai multe [00:07:28] George Buhnici: [00:07:30] tehnici [00:07:31] Dumitru Bortun: tacticile, numește ele giz galop, [00:07:35] argument from tradition, pentru că s-a mai întâmplat, [00:07:40] înseamnă că e adevărat.Pentru că, așa, [00:07:45] argumentele circulare, de genul avortul e greșit fiindcă este o [00:07:50] crimă iar crimă este greșită. Deci te învârți în același, fără să [00:07:55] demonstrezi de ce este o crimă. Ai sărit peste etapa asta. [00:08:00] Cel care te ascultă aude doar faptul că crimă e [00:08:05] greșită ceea ce e corect, și tragi concluzia că și avortul e greșit.[00:08:10] Fără să... Argumentezi implicația de la mijloc. [00:08:15] Corect Este o crimă. Deflection. Deflection [00:08:20] înseamnă abatere, abatere la subiect. Mă abat de la subiect pentru că simt că tu [00:08:25] îl argumentezi mai bine și că eu nu mai am argumente. Corect Și atunci [00:08:30] schimbă subiectul, mă abat de la... Și în sfârșit special [00:08:35] plating, când decretăm că ceva este o excepție fără să [00:08:40] argumentăm.Bine ce special plating Spui tu, e o excepție În general, lucrurile astea au cum zic eu, fără [00:08:45] să... Toate lucrurile astea au fost depistate de [00:08:50] acest profesor de la Cambridge. Și puse pe film și a arătat fragment [00:08:55] din discuție între Kirk și un student [00:09:00] de la Universitatea în Cambridge, unde arăta cum a făcut această [00:09:05] greșeală.Deci una dintre erorile de [00:09:10] argumentare este că tu nu dovedești adevărul a ceea ce [00:09:15] spui dar aștepți ca celălalt să contrazică, spune, [00:09:20] dovedește-mi că n-am treptate. Nu e datoria lui să dovească că n treptate, e datoria ta să [00:09:25] dovedești că ai treptate. Deci dialogul ăsta era mai mult, cum să vă spun, un show, [00:09:30] un spectacol, din care probabil câștiga și bani, dar era finanțat [00:09:34] George Buhnici: [00:09:35] de mulți miliardari Charlie Kirk și nu doar el, prin acel ONG Turning Point [00:09:40] USA.Pentru cei care vor un pic mai mult context, nu știu câtă răbdare aveți să urmăriți toată [00:09:45] scena asta americana, eu o fac destul de îndeaproape, Charlie Kirk, [00:09:50] într-adevăr folosea exact toate texturile tehnicele pe care le-a spus și ceva în plus, dar reușise să fie atrăgător pentru [00:09:55] social media, pentru că livra soundbites, livra TikTok-uri, livra chestii condensate [00:10:00] într-un minut, în care te convingea că creștinismul este bun, iar islamul este [00:10:05] greșit, că albii sunt mai buni că negrii sunt răi, că omosexualitatea este sau nu [00:10:10] acceptabilă, căsătoria într-un fel Și în momentul în care era pus în fața unei dezbateri cu [00:10:15] oameni cu pregătire, cu educație, argumentele lui de foarte multe ori cedau.Asta s-a [00:10:20] întâmplat inclusiv în anumite universități Însă de cele mai multe ori Reușea să facă chestia asta cu [00:10:25] studenți În scena publică De pe o poziție în asta Nu știu câți dintre voi ați urmărit să tea [00:10:30] într-un cort Cu oameni în fața lui Ca și cum ar propovădui ceva Știți că e [00:10:35] interesantă chestia asta Că toți avem într-un fel sau altul până la un punct Acest cult al lui Iisus Că vrem să ne [00:10:40] împărtășim adevărul nostru Iar cei care interacționea el De foarte multe ori erau puși pe piciorul din [00:10:45] spate Pentru că el era un comunicator Excepțional de bun Ce [00:10:48] Dumitru Bortun: povestiți dumneavoastră [00:10:50] se numește în teoria discursului Miza scenă Punere în scenă [00:10:55] Sau încadrare unui discurs El asta făcea făcea frameworking [00:10:59] George Buhnici: Cu [00:10:59] Dumitru Bortun: [00:11:00] cortul ăla [00:11:01] George Buhnici: Exact, și el din cortul ăla Sătea de vorbă interacțiunea cu oameni pe [00:11:05] care îi bombarda Cu toate argumentele Pe care le-a spus puțin mai devreme Pentru oameni cu [00:11:10] pregătire filozofică Semiotică, comunicare, toate lucrurile astea Erau transparente [00:11:15] vedeau Prin ele, mai ales că făcea de foarte mult Tot ce a spus dumneavoastră Într-o dezbatere foarte [00:11:20] articulată cu acel student De la Cambridge, tot muta ținta Pentru că una dintre [00:11:25] temele De dezbatere de acolo, foarte scurt Ca să vă dau un rezumat o să vă dau link-urile Pentru aceste [00:11:30] analize Să le dați [00:11:31] Dumitru Bortun: neapărat, că sunt instructive Pentru că și [00:11:35] ascultătorii Noșterii trebuie să învețe Să se ferească de [00:11:40] Oratorii păcălici Care păcălesc auditorii [00:11:43] George Buhnici: Corect [00:11:45] Vă dau un exemplu foarte simplu Unul dintre argumentele lui Charlie Kirk este că [00:11:50] Creștinismul a susținut întotdeauna monogamia și asta este căsătorie într-un bărbat și o [00:11:55] femeie.Și că asta este bună pentru că nici o civilizație avansată [00:12:00] nu a avut căsătorie între persoane de același sex. [00:12:05] Și este contrazis. Și atunci nu insistă, nu doar să fie acceptată, să fie în lege, să fie legiferată. Și [00:12:10] studentul vine și spune, a fost legiferată în Mesopotamia. În Mesopotamia putea să ai [00:12:15] căsătorie între un bărbat și un bărbat.[00:12:17] Dumitru Bortun: Legar. O mare civilizație. [00:12:18] George Buhnici: O mare civilizație. Și îl [00:12:20] spune, da, da și la ce i-a ajutat chestia asta? Din nou tot muta ținta. Și zice, păi, a rezistat niște mii ani. Măi, la [00:12:25] civilizație americană nu are încă mii de Dar aminte, mii de ani de civilizație. [00:12:30] Acum, nu trebuie să fim de acord sau nu cu ce au făcut cei din Mesopotamia.Mesopotamia nu mai e [00:12:35] astăzi. Problema este cum [00:12:37] Dumitru Bortun: argumentăm. Exact. [00:12:39] George Buhnici: Bun. [00:12:40] Am vorbit așadar despre care este semnificația acestui asasinat. Nu vom lămuri încă, dar mie [00:12:45] mi-este clar că ce va urma, vor fi mai puține astfel de dezbatări în public. Exista totuși [00:12:50] valoare în ceea ce văd eu că făcea Charlie Kirk, faptul că pornea o conversație și cu oameni care [00:12:55] Nu îl simpatizau, nu erau de acord cu el și care chiar puteau să îl [00:13:00] dezbată.Nu aveau forța lui de expunere, dar puteam să vedem, cei care am urmărit [00:13:05] suficient de mult, că dincolo de prove me wrong a lui Charlie Kirk, da, [00:13:10] erau momente când era wrong. Dar foarte mulți politicieni se feresc de dezbatări. Și asta este [00:13:15] meritul lui, faptul că au umplut un gol. Bun. [00:13:20] Și acum, întrebarea, că noi avem o listă de teme aici prin care trebuie să trecem, nu avem foarte mult [00:13:25] timp la dispoziție, de aia o să ne vedeți că poate că ne grăbim un pic, dar încercăm, nu știu cât puteți să stați, [00:13:30] e seara, e duminică vă mulțumim că ați venit.Întrebarea care vine acum [00:13:35] este, totuși când devine acest free speech, acest absolutism al [00:13:40] libertății [00:13:41] Dumitru Bortun: de expresie, [00:13:41] George Buhnici: că putem să spunem orice, [00:13:45] unde se oprește această unde punem o limită pentru această exprimare, pentru [00:13:50] orice, ca să nu ajungem în astfel de situații în care unul din tabăra cealaltă să spună trebuie să te [00:13:55] opresc cu orice preț, pentru că împrăștii ură, între ghilemele.[00:13:58] Dumitru Bortun: Să fie clar aici sunt [00:14:00] două extreme, domnul Bucnici Primul lucru pe care îl vreau să-l spun este [00:14:05] că nu e cazul să apelăm la așa zisul bun simț, că aud foarte des [00:14:10] lucrurile astea la comentatori superficiali pe postul de [00:14:15] televiziune pe rețele sociale. Bunul simț este un ghid foarte bun, [00:14:20] pentru că bunul simț e definit cultural.El difere de la o [00:14:25] cultură la altă cultură, de la o subcultură la altă subcultură deci e [00:14:30] circumscris unei culturi sau subculturi. Deci bunul simț nu este universal. [00:14:35] Deci nu rezolvă. La nivelul unei societăți imense, cum e societatea nord-americană, [00:14:40] n-ai cum să apelezi la bunul simț ca... La un criteriu [00:14:45] universal valabil pentru a te opri unde trebuie cu libertatea de expresie.Și [00:14:50] atunci vă spun două lucruri. Sunt două extreme aici. Pe de o parte, [00:14:55] libertatea de expresie dusă la paroxism poate să ducă la [00:15:00] [00:15:05] violență. [00:15:10] Deci odată este violența asta [00:15:15] verbală, violență [00:15:20] simbolică, violență psihologică prin priviri, până la [00:15:25] violența gloanțelor, cum spuneați, și până la, Doamne ferește un război [00:15:30] civil.Deci violența poate să ducă pentru că eu îmi exprim [00:15:35] gândurile mele fără să am nicio oprelișe, pentru că mă prevalez [00:15:40] amendamentului al Constituției Americanei, libertatea de expresie. [00:15:45] Ori, libertatea de expresie poate să ducă la faptul că îi jignesc pe seminii mei, că [00:15:50] le dau motive să-mi furie, le dau motive să se răzbune, [00:15:55] să-mi replice și așa mai departe.Pentru asta s-a inventat [00:16:00] ceea ce se numește corectitudine politică. Dar corectitudinea politică [00:16:05] ea limitează la extrema cealaltă pentru că mai e o problemă aici [00:16:10] De atâta corectivine politică ajungi să [00:16:15] sufoci să restrângi reptul la liberă exprimare. [00:16:17] George Buhnici: Exact. [00:16:18] Dumitru Bortun: Se [00:16:18] George Buhnici: ridică pendulul [00:16:20] în extrema cealaltă. În cealaltă [00:16:21] Dumitru Bortun: extremă.Deci nici corectivinea politică nu este [00:16:25] absolut, un criteriu absolut, pentru că asta [00:16:30] acumulează frustrări, acumulează... [00:16:33] George Buhnici: Haideți să dăm două exemple, [00:16:35] dacă vreți. Una dintre chestiile, pe care Charlie Karrick le spunea, este că [00:16:40] tinerii de culoare au mai multe probleme pentru că nu [00:16:45] trăiesc cu un tată în casă pe parcursul [00:16:50] copilăriei lor.E o chestie culturală în familiile de culoare din Statele Unite. [00:16:55] Undeva la trei din patru tați, bărbați, pleacă de acasă. [00:17:00] Și îl zicea că ăsta este un motiv pentru [00:17:05] violența lor, pentru lipsa lor... Delinvență. Delinvență. Copilăria [00:17:08] Dumitru Bortun: în stradă [00:17:09] George Buhnici: [00:17:10] Intră chestia asta la libertate de exprimare? [00:17:13] Dumitru Bortun: Intră, dar când [00:17:15] îți dai seama că jignești și pui pe jar o mare [00:17:20] categorie umană, poți să te abții și să spui așa, [00:17:25] există familii americane în care tații lipsesc, nu își îndeplinești [00:17:30] rolul și nu oferă un pattern cultural, un model cultural de [00:17:35] comportament băieților.De aici ies tinerii responsabili, [00:17:40] bărbați care nu pot întemeia o familie și care nu se vor putea purta cum trebuie cu [00:17:45] soțiile și cu copiilor. De ce? Fiindcă n-au un model anterior. Dar nu spui neapărat că-s [00:17:50] negri. Pentru că s-ar putea ca majoritatea să fie într-adevăr din [00:17:55] populația de culoare pentru că se explică [00:18:00] culturalicește.Din cultura lor există [00:18:05] treaba asta, că bărbatul poate să plece când vrea. Dar nu spui. [00:18:10] Pentru că asta se numește responsabilitate. Domnul Bun, și nu este vorba nici de a încălca... Chiar dacă [00:18:15] e [00:18:15] George Buhnici: adevărat statistic? [00:18:17] Dumitru Bortun: Dacă e adevărat statistic, [00:18:20] adevărul nu e niciodată un scop în sine. Un scop în sine e binele. Eu [00:18:25] pot să imaginez o politică adevărului spus în așa fel, într-un [00:18:30] anumit fel, într-un anumit...În un moment, unor anumiți oameni ca să facem bine nu ca să [00:18:35] facem rău. Pentru că ipocrizia aia să știți că am fost sincer. Nu mă ajută cu nimic. [00:18:40] Cu sinceritatea ta ai distrus o familie. Ai înăgrit [00:18:45] imaginea unui părinte fața copilului său. Ai distrus prestigiul unui profesor în [00:18:50] fața elevului. Poți să faci foarte mult rău fiind sincer.Ai spus adevărul [00:18:55] Sau ai spus ce credeai tu că trebuie spus. De acord. Trebuie să ne înfrânăm singuri. [00:19:00] Asta se numește responsabilitate. Adică să fii conștient de consecințele [00:19:05] faptelor tale. Și când zic fapte, zic și acte de comunicare. [00:19:09] George Buhnici: Asta este cea [00:19:10] importantă lecție pe care mi-ați dat-o și mie în vara lui 2022.Da. Că până la urmă cuvintele [00:19:15] contează. [00:19:15] Dumitru Bortun: Da. [00:19:16] George Buhnici: Pe de altă parte însă, comportamentul și afirmația lui Charlie [00:19:20] Kirk, din nou vin după ce pendulul s-a ridicat prea mult în partea cealaltă și am ajuns în situația în care [00:19:25] putem să permitem unor bărbați să se declare femei. Deși, [00:19:30] biologic, sunt masculi. Doar pentru că au decis [00:19:35] dintr-o dată că vor să se declare femei, că vor să umble pe unde sunt femeile și [00:19:40] nimeni nu se opune la această chestie Ca nu-i [00:19:42] Dumitru Bortun: jignească.[00:19:42] George Buhnici: Ca să nu-i jignească. Acea [00:19:45] corectitudine politică de care vorbiți noastră a dus-o la extrema cealaltă. Sunteți de acord că este și asta o extremă? [00:19:49] Dumitru Bortun: Da. [00:19:50] Și sunt de acord că în istorie sunt... Sunt mii de cazuri de idei [00:19:55] bune care au căput pe mâna unor ticăloși și care s-au transformat în [00:20:00] lucruri oribile. Idei bune.Care se degradează în mâna unor oameni [00:20:05] Care nu sunt la înălțimea ideii. A construi o societate [00:20:10] bazată pe reguli de comportament civilizat. Corectiunea asta politică ar trebui tradusă [00:20:15] corect în românește corectiune socială. Fiindcă la ei politic are mai multe sensuri [00:20:20] Aici e sensul de la polis. De la societate De la societate [00:20:25] Deci corecțiune socială să fim corecți unii cu alții, să nu ne umilim, să [00:20:30] nu facem bullying.Ce mi se pare [00:20:32] George Buhnici: mie grav este că de foarte multe ori oamenii care [00:20:35] ajung să facă rău altora, o fac în numele [00:20:40] altor oameni sau altor ființe mai nou care nu sunt de față. [00:20:45] Nu ați observat lucrul ăsta? Da, da da. E interesant. Ne punem noi ca [00:20:50] apărători ai... Ne erijăm în... Protectorii unei categorii defavorizate. [00:20:55] Da atacăm individul, îl luăm individual din mulțime, deci îl [00:21:00] discriminăm pentru că ar face rău unor [00:21:05] clase care nu sunt prezente.[00:21:06] Dumitru Bortun: Dar eu aș vrea să termin ideea pentru că n-am spus [00:21:10] decât jumătate din ea. Mă scuzează că m-am... Nu, nu m-ați întrebat. [00:21:15] Ați făcut completării necesare. Începusem să spun [00:21:20] cum nu trebuie să gândim să nu venim cu argumentul bunui simț pentru [00:21:25] că nu rezolvăm mare lucru. Bunul simț nu poate fi cuantificat și nu este universal [00:21:30] valabil.Difere de la o cultură la altă Însă, pide la cultura [00:21:35] afroamericanilor la cultura albilor protestanți. Și diferă [00:21:40] bunul simț de la cultura în raport cu cultura catolicilor. Deci [00:21:45] sunt culturi în care ceea ce e de bun simț pentru mine, [00:21:50] pentru ei nu e de bun simț. Deci nu bunul simț trebuie să [00:21:55] prevaleze trebuie să prevaleze ideea de bine comun, codificată în [00:22:00] limbaj politic, interesul public.Interesul public ce înseamnă? [00:22:05] Să încerci să iei drept criteriul de evaluare unde ne oprim [00:22:10] cu libertatea de expresie, acolo unde se pune problema [00:22:15] binelui tuturor, dacă nu al tuturor, pentru că e greu de realizat asta, [00:22:20] binele cât mai mult pentru un număr cât mai mare [00:22:25] de oameni. Este criteriul utilitarismului.[00:22:27] George Buhnici: Ok, sau dacă vreți o întorc eu invers, [00:22:30] lucrurile pe care ne-am vorbit de foarte multe ori aici să reducem suferința. [00:22:33] Dumitru Bortun: Să reducem suferința. [00:22:35] Ăsta e criteriul doctrinei utilitariste o doctrină etică, [00:22:40] reprezentatul cel mai important e John Stuart Mill. Are și o carte apărută în limba română [00:22:45] în librării, se găsește utilitarismul.John Stuart Mill asta spune că [00:22:50] ai un criteriu pentru cât mai mulți [00:22:55] oameni. Criteriul ăla pe care îl spune [00:23:00] în Sinedru, marele preot al [00:23:05] Israelului, că e bine să-l sacrifice pe Iisus decât să facă rău unui [00:23:10] popor întreg, era un sofist de fapt pentru că poporul nu murea dacă [00:23:15] ei nu-l crucificau. Însă el pune, argumentul ăsta este, pentru că [00:23:20] Iisus era un singur individ, iar poporul lui Izrael era format din [00:23:25] milioane.Și atunci dă prioritate celor care [00:23:30] sunt mai mulți. Genul ăsta de a gândi însă este salvator în [00:23:35] multe situații, pentru că alt criteriu nu avem. Nu avem criterii absolute pentru bine și rău. [00:23:40] Și atunci ne oprim cu libertatea de expresie acolo ne simțim că facem rău [00:23:45] mai mare. Și atunci haideți să comparăm.Dacă merg pe [00:23:50] discursul urii ăsta creează niște frustrări și [00:23:55] niște replici. Și feedback-ul ăla pozitiv care [00:24:00] amplifica, am mai vorbit despre el, și care poate să se ducă până la război civil. [00:24:03] George Buhnici: Când ziceți feedback [00:24:05] pozitiv este amplificarea urii. E [00:24:06] Dumitru Bortun: amplificare, nu e negativ, adică nu scade. [00:24:10] Iar ăsta, [00:24:15] libertatea de expresie, care poate să fie [00:24:20] deșântată duce la niște jigniri dar nu duce la violență.Și atunci, [00:24:25] care este mai aproape de binele comun? [00:24:30] Discursul urii sau corectul înapolitic? [00:24:35] Înțelegeți cum trebuie să gândim? Dar [00:24:40] corectitudinea [00:24:43] George Buhnici: politică a fost acuzată de foarte [00:24:45] multe ori de conservatori că este un slippery slope, că este alunecoasă, că ne [00:24:50] aduce către alte probleme Lucru pe care îl vedem și începem să venim ușor către Europa, [00:24:55] că se pare că noi nu am învățat din ce s-a întâmplat în Statele Unite și vedem asta acum în [00:25:00] Marea Britanie.Pas cu pas, britanicii simt că au [00:25:05] alunecat, că au ajuns într-un stat care [00:25:10] încearcă să-i controleze, care încearcă să-i forceze cu [00:25:15] migrație excesivă. Pentru [00:25:18] Dumitru Bortun: că ei nu au ajuns la [00:25:20] nivelul de autocontrol. Deci eu când am vorbit până acum, eu [00:25:25] vorbesc idealizând puțin adică idealizând ființa umană ca fiind o ființă [00:25:30] morală care are responsabilitatea faptelor sale și [00:25:35] consecințele științelor faptelor sale și atunci îți pui problema ce e mai rău [00:25:40] corecturile politică sau discursul lor și până la urmă îmi spui că e mai rău [00:25:45] discursul lor, că poate să ducă la război civil.Dar aveți [00:25:50] dreptate că nu toți oamenii sunt capabili de gândirea asta, pentru că gândirea asta de tip [00:25:55] moral este și o gândire mai abstractă. Ori nu toți oamenii își termină [00:26:00] ciclu de formare spirituală Nu-ți rămân needucați pe la jumătatea [00:26:05] drumului, sunt așa zis și neisprăviți. Oamenii ăștia nu pot să gândească moral, nu pot să [00:26:10] se gândească la...De-aia pleacă de acasă și își lasă copiii de [00:26:15] izbeliște, pentru că nu sunt suficient de responsabili, nu [00:26:20] s-au maturizat, nu au intrat în etapa etică a vârstei a vieții, sunt la [00:26:25] vârsta estetică, fac ce le place. Deci genul ăsta de [00:26:30] comportament l-a țăizat bine. Există [00:26:35] și societatea americană, și în societatea [00:26:40] britanică dar la britanici și știu unde batez la evenimente recente, este vorba de [00:26:45] revoltele care au avut loc de curând împotriva [00:26:50] imigranților.[00:26:50] George Buhnici: Despre ele vreau să vorbim acum. [00:26:52] Dumitru Bortun: Da. [00:26:52] George Buhnici: Așadar am văzut [00:26:55] protestele foarte recente cu peste 100 de 100 de oameni în stradă mult peste 100 de mii În [00:27:00] anumite locuri am văzut 100 de mii că se spunea. Important este că au ieșit mult mai mulți în stradă cei [00:27:05] care scandează împotriva imigrației, în timp ce pe [00:27:10] partea cealaltă am văzut puțini oameni la protestele care să protejeze [00:27:15] imigranții.Am văzut inclusiv pancarte de pe tabara cealaltă [00:27:20] destul de greu găsit, care spunea să-i mulțumim Lui Dumnezeu pentru imigranții. Thank God for [00:27:25] immigration, da, și alte lucruri, că mai bine să ne educăm decât să urăm imigranții și așa mai [00:27:30] departe Pe de altă parte ceilalți vin și spun că imigrația a fost scăpată de sub [00:27:35] control și că imigranții abuzează serviciile sociale, că nu vor să se [00:27:40] integreze, că schimbă țesătura socială a Marii Britanii.[00:27:44] Dumitru Bortun: [00:27:45] Domnul Bucnici, să încep tot cu un adevăr banal dar de multe ori [00:27:50] trebuie să plecăm de la lucruri banale ca să construim un argument. [00:27:55] Imensa majoritatea oamenilor nu sunt filozofii [00:28:00] și cetățenii britanici intră în aceeași categorie. Nu fac filozofie [00:28:05] istoriei și nu gândesc din perspectiva unei [00:28:10] istorie a civilizației.Dacă... [00:28:15] Vedeți am citit cu ani în urmă istoria civilizațiilor al lui Arnold [00:28:20] Toynbee. Pe urmă am citit... citit cartea lui Neagos Juvara, teza lui de [00:28:25] doctorat de istoria civilizațiilor. Știți cât e de șocant [00:28:30] când citești așa ceva? Seamănă cu o vizită la [00:28:35] cimitir. După o vizită la cimitir se devalorizează [00:28:40] totul.Nu mai știi dacă merită să te lupti pentru ce te-ai luptat până în ziua de azi. [00:28:45] Când vezi acolo că cimitirul e plin de oameni de neînlocuit. [00:28:49] George Buhnici: Care [00:28:49] Dumitru Bortun: au [00:28:50] fost cineva la viața lor. Și care până la urmă ajungem tot. [00:28:54] George Buhnici: Deocamdată [00:28:55] Ați văzut liderii din BRICS Care își fac planuri pentru încă [00:29:00] 70 de ani Fiecare Și [00:29:02] Dumitru Bortun: ce vreau să vă spun [00:29:05] Are loc o devalorizare A mizelor Pentru care noi trăim [00:29:10] La fel este când vezi istoria La scară mare [00:29:15] Când am citit Neagul Juvara de pildă Faptul că [00:29:20] Atunci când se schimbă o civilizație Cu alta Ajung în [00:29:25] frunte Oameni care nu au nimic de pierdut Care în civilizația trecută Nu [00:29:30] aveau nimic Și sunt primii Care luptă pentru [00:29:35] schimbare Și în mod firesc ajung în frunte Nu te mai miri Că au ajuns [00:29:40] în fruntea României Cei mai bogați oameni Niște oameni neanalfabeți Sau niște [00:29:45] oameni semidocți Deci [00:29:47] George Buhnici: vorbim despre oportuniști Care [00:29:50] neavând nimic de pierdut Și asumă Riscuri pe care oamenii De treabă [00:29:55] Oamenii civilizati, educați Și care au [00:29:57] Dumitru Bortun: un statut socioprofesional La care [00:30:00] țin s-au învățat în el S-au învățat cu avantajele lui Ăia nu milțează [00:30:05] pentru schimbare Și cu timpul schimbarea Îi ia pe sus și ei rămân în urmă [00:30:10] Rămân printre ultimii Și în frunte se trezesc Ăia care nu aveau nimic de [00:30:15] pierdut Când Neagul Juvara face analiză istorică Și arată că de fiecare dată [00:30:20] S-a întâmplat așa Când s-a trecut de la civilizația agrară la civilizația industrială, [00:30:25] acum se trece de la civilizația industrială la civilizația informațională și sunt la același [00:30:30] lucru.Și zic dom'le, gata, am înțeles. Dar [00:30:35] devii mai calm, devii mai zen, înțelegi cum stau [00:30:40] lucrurile, nu te mai înfurii, nu te mai indignezi, nu mai protestezi. Ori acești [00:30:45] oameni care ies în stradă n-au cum să-și dea seama că există o [00:30:50] tendință la nivel civilizațional de [00:30:55] migrarea oamenilor din spre est spre vest și din spre sud spre nord.[00:30:59] George Buhnici: [00:31:00] Și care va fi amplificată [00:31:01] Dumitru Bortun: Va fi amplificată în viitor. [00:31:03] George Buhnici: Și [00:31:03] Dumitru Bortun: ei nefiind [00:31:05] filozofia istoriei nu pot să zic, da, dom'le, așa stau lucrurile, ăsta e trendul. Ies [00:31:10] și-și apără locurile de muncă, își apără fetele ca să nu fie [00:31:15] violate de niște oameni, care vin din alte țări, sau [00:31:20] pur și simplu își apără identitatea domnului București.Pentru că mulți au [00:31:25] problema asta. Sunt de altă religie. Sunt de altă [00:31:30] factură. Ăștia nu putem ști la ce ne aștept de la ei. Și de multe ori e și [00:31:35] ignoranța. Pentru că ce s-a înzblat în București cu [00:31:40] băiatul ăla pognit în față pentru că e diferit și pentru că e [00:31:45] invadatorul nostru, asta vine din ignoranță. O dată tipul ăla de [00:31:50] 22 de ani care l-a pognit în față nu știe că noi nu avem resursă [00:31:55] umană, nu avem forță de muncă pentru aceste joburi și în al lui el nu știe că oamenii ăștia [00:32:00] sunt ori hinduși ori budiști, ori confucianiști [00:32:05] din țării din care vin, în care sunt oameni pașnici oameni care nu fură, [00:32:10] sunt mai cinstizi decât majoritatea românilor.Noi până nu facem [00:32:15] un chilipir, până nu păcărim pe cineva Pe [00:32:17] George Buhnici: da. Cum? Pe medie da. Pe [00:32:18] Dumitru Bortun: medie vorbesc. [00:32:20] Noi avem o rală a foloaselor necuvenite pe care se vede în toate domeniile. De la ăla [00:32:25] care i-aș pagă până la ăla care plăcează la doctorat în loc să [00:32:29] George Buhnici: [00:32:30] muncească el. Corect. Dar e exact ca în trafic, am mai dat exemplul ăsta de foarte [00:32:35] multe ori, unul singur trebuie să iasă din coloană și îl vedem toți.O să ne fugă atenția la [00:32:40] el. Un singur migrant care creează o problemă, la câteva mii, zeci de [00:32:45] mii, noi avem prea puțin într-adevăr Doar pentru câte nevoie este de resursă umană. Dacă stai de vorbă [00:32:50] cu orice antreprenor din țara, s-o să spună că duce lipsă acută de forță de muncă de [00:32:55] orice nivel de calificare.[00:32:56] Dumitru Bortun: Dar noi schimbarăm puțin subiectul. Asta era doar o [00:33:00] paranteză. Problema era că ăsta fiind străin, fiind diferit, fiind de altă religie s-ar [00:33:05] putea să cine știe ce ne facă. Fiindcă noi nu-l cunoaștem. [00:33:10] Documentează-te, interesează-te. [00:33:12] George Buhnici: Ajungem și acolo pentru că România este într-o situație foarte [00:33:15] interesantă.Această comunicare atât agresivă împotriva [00:33:20] imigranților într-o țară care de fapt are mari probleme de [00:33:25] emigrație, nu de imigrație. Este o țară de emigranți, nu în care se imigrează. Până și [00:33:30] ucrainenii. Era un comedian care a făcut o poantă foarte, foarte faină [00:33:35] care spunea că românii sunt atât de [00:33:40] primitori încât sunt mai mulți ucraineni refugiați în Bulgaria decât în România.Ăia [00:33:45] ca să ajungă în Bulgaria să treacă prin România, nu să oprescă, să duc la Bulgari. Bă, și Bulgaria e mai săracă Și [00:33:50] totuși sunt mai mulți ucraineni per total, ca număr refugiați decât în România. Te pun [00:33:55] un pic pe gânduri chestia asta. Ăia nu sunt nici de altă culoare, nici de altă religie. [00:34:00] Merg la următoare întrebare.[00:34:04] Dumitru Bortun: Dumneavoastră, nu [00:34:05] aveți o explicație? [00:34:06] George Buhnici: Ba da. [00:34:07] Dumitru Bortun: Nu suntem așa cum ne place să credem [00:34:10] că suntem. Că suntem toleranți și primitori. Știți cum suntem noi? Suntem ca [00:34:13] George Buhnici: mașinilele pe care scrie [00:34:15] sport. Dacă scrie sport pe mașină mașina aia nu-i sport. N-ar fi [00:34:20] nevoie [00:34:20] Dumitru Bortun: să scrie. [00:34:21] George Buhnici: Exact. [00:34:22] Dumitru Bortun: Deci noi ne punem aceste podoabe că [00:34:25] suntem toleranți.Dar din când în când în [00:34:30] istorie am dovedit că nu suntem. Dumneavoastră știți cât greu s-a [00:34:35] desfințat sclavia în România? [00:34:36] George Buhnici: Am fost ultimii din Europa care am oprit eobagia. [00:34:40][00:34:40] Dumitru Bortun: Da. [00:34:40] George Buhnici: Am [00:34:41] Dumitru Bortun: fost ultimii în Europa care am destinsat robia. Romii erau [00:34:45] robi. Asta sclavacism. Și era sub [00:34:50] presiunea Europei exact cum este acum.Ne spuneau [00:34:55] dacă vreți să vă primim în cadrele noastre și să deveniți europeni, trebuie să [00:35:00] terminați cu mizeria asta care este sclavacism. [00:35:05] Robii domnești, robii mânăstirești, robii boierești. Și toți erau [00:35:10] romi Deci asta nu înseamnă... Și eu [00:35:15] vă spun, am auzit acum câțiva ani, la aeroport eram la otopeni, o [00:35:20] discuție între niște din poliția de aeroport.Ce mă mai [00:35:25] revede că așteaptă și niște oameni acolo să uită și zice ăia sunt oameni, sunt țigani. Deci [00:35:30] această formă de [00:35:35] rasism și această formă de șovinism există încă, dar nu e [00:35:40] recunoscută palpită Știți? [00:35:45] În populația României și în instituții de multe ori Constituțiile statului au [00:35:50] astfel de atitudini.Deci nu. Pământ, gândiți-vă ce am făcut [00:35:55] în timpul celui de-al doilea război mondial vis-a-vis de evrei. Și [00:36:00] multe alte exemple. Nu mai zic ce au făcut [00:36:05] administratorii români în cadrii la ter în timpul ocupației românești de acolo Cu [00:36:10] turții, cu tătarii. Sau-au făcut [00:36:12] George Buhnici: jandarmii în Basarabia. [00:36:13] Dumitru Bortun: Da, jandarmii care [00:36:15] au lăsat o amintire foarte urâtă acolo.Deci toate lucrurile astea scot [00:36:20] la iveală anumite aspecte ale psihologiei românilor de care [00:36:25] nu ne place să vorbim, le băgăm sub covor, dar care îi zbognesc din când în [00:36:30] când. Iată de ce în România nu se simt foarte [00:36:35] bine niște oameni veniți din afară și preferă să se ducă în Bulgaria, de pildă, care [00:36:40] e mai sărac.[00:36:40] George Buhnici: Vin de la festivalul vinului moldovenesc, [00:36:45] pe Kiselev. Acolo am fost în seara asta și [00:36:50] de fapt profesional mă uit la oameni. Am văzut un cuplu de [00:36:55] japonezi cred că era, și un singur tip de culoare. În [00:37:00] rest nu prea am văzut străini. Pe de altă parte ni se tot spune pe social media că [00:37:05] românii habar nu au ce să Frumoasă țară au și ce [00:37:10] frumoasă e coeziunea noastră socială în care nu suntem invadați și care să [00:37:15] ținem să protejăm chestia asta.Din nou, nu sunt sigur [00:37:20] dacă îmi doresc să văd mult mai mult străini, dar nu sunt sigur [00:37:25] dacă avem prea puțini. [00:37:27] Dumitru Bortun: Eu unul m-aș bucura. Eu sunt [00:37:30] unul dintre oamenii care valorizează pozitiv diferența. [00:37:35] Care cred că diferențele sunt o sursă de dezvoltare, [00:37:40] sunt un bagaj. Apropo de cei care scuiau, [00:37:45] ne-a dat Dumnezeu darul ăsta cu imigranții, [00:37:50] pentru că unii îi urăsc și vor să-i trimită înapoi iar alții spun că este un [00:37:55] dar de la Dumnezeu să ai imigranții, să ai în primul rând o forță de muncă pentru anumite [00:38:00] meserici, în al doilea rând să ai o diversitate culturală religioasă.Care e problema? [00:38:05] Care e problema că sunt diferiți de tine? Te sperii atât mult diferența? Te bag [00:38:10] așa în angoasă și în insecuritate și în incertitudine? Iată, [00:38:15] deci, eu cred că oamenii care îi urăsc pe străini sunt [00:38:20] permite să încalcă principiul corectitudinii politice, [00:38:25] am să fiu liber, ca la exprimare sunt minți înguste și suflete [00:38:30] mici.[00:38:30] George Buhnici: Ok. Pentru că noi toți am profitat de pe urma [00:38:35] prosperității și felul în care am fost primiți în multe alte țări. [00:38:40][00:38:40] Dumitru Bortun: Absolut. [00:38:41] George Buhnici: Și totuși, ce face aceste proteste cum am văzut în Marea [00:38:45] Britanie? Nu bag mâna în foc, că nu o vedem unul curând și pe la noi, deși încă o dată, noi nu avem o problemă urgentă, [00:38:50] dar ce face ca aceste proteste să strângă masea atât de [00:38:55] mari?Încă o dată, eu cred că ce-am văzut la Londra e doar începutul. De unde vine chestia asta? Pentru că e prima [00:39:00] dată când auzim că oamenii sunt mai preocupați de migrație decât de economie. [00:39:05] E o chestie de identitate? E o chestie de manipulare prin presă sau de social media? [00:39:10] Și, și, și. [00:39:11] Dumitru Bortun: În primul rând e o problemă de identitate și oamenii sunt [00:39:15] foarte sensibili la problema asta cu [00:39:20] identitatea Cine sunt?Cine suntem noi? Ne raportăm la alții [00:39:25] prin diferențe și vin ăștia peste noi care sunt diferiți și așa mai [00:39:30] departe. Pe urmă este lipsa de cunoaștere. Dumneavoastră [00:39:35] am mai vorbit cred, la dumneavoastră, am vorbit despre sindromul chinezesc. [00:39:40] Eu folosesc expresia asta, expresia [00:39:45] mea. De la distanță tot chinezii sunt la fel.[00:39:50]Seamănă între ei. Dar ia du-te și stai acolo câteva [00:39:55] luni sau câțiva ani că începi să-i deosebești. Îți dai seama ce vârste au. Ce [00:40:00] înseamnă un chinez tânăr un chinez la vârstă mijlocie, un chinez în vârstă bătrân. [00:40:05] Opa, stai că începi să-mi nuanțezi percepția. De ce? Îi [00:40:10] cunosc. Cu cât îi cunoști mai puțin cu atât îi vezi la fel.[00:40:15] Ăsta-i sindromul chinezesc. Păi asta este cu orice alt grup uman. De la [00:40:20] distanță par toți la fel. Îi bagi într-o categorie fiindcă e mai comod mental. [00:40:25] În momentul în care îi cunoști, viața te obligă să faci diferență Între ei, [00:40:30] ce spună Spună bună dimineața îi spun să rămână. Deci trebuie să știu cu [00:40:35] cine am de-a face, încep să vezi diferențele.Eu cred că [00:40:40] o mare parte dintre aceste [00:40:45] mișcări de masă se bazează pe ignoranță. În [00:40:50] altă parte, în altă măsură, se bazează pe grija [00:40:55] pentru identitate și în altă măsură pe manipulare. [00:41:00] Pe faptul că rețelele sociale amplifică. Și atunci ce se întâmplă, [00:41:05] domnul Bunic? Rețelele astea sociale amplifică, știți cum?[00:41:10] Și intensiv și ca amploare, [00:41:15] extensiv. Ca amploare e normal să înțelege toată lumea. Datorită [00:41:20] multiplicării fără limite a mesajelor, o masă [00:41:25] imensă de oameni... [00:41:25] George Buhnici: Poate să afle orice nenorocire Mesajul. Da [00:41:28] Dumitru Bortun: Și poate să [00:41:30] creadă că mai are puțin și ia foc Marea Britanie. Sau [00:41:33] George Buhnici: că usturoiul ăla chiar [00:41:35] este cât roata de la bicicletă.[00:41:36] Dumitru Bortun: Exact. Și cred, pentru că sunt mai mulți. [00:41:40] Și apare acel sofism, acel argument [00:41:45] fals, că dacă și alții zic înseamnă că așa e. Pe urmă... [00:41:50] Știu [00:41:50] George Buhnici: eu pe cineva care a văzut că pământul e plat. [00:41:51] Dumitru Bortun: Da, da, da. Cunosc și eu un caz la Bacău.[00:41:55]Ceva de genul ăsta. S-a [00:42:00] labuzat. S-a labuzat, labuzat labuzat Labuzat, da. Așa. Deci asta este [00:42:05] un aspect. Dar mai e un aspect. Cu cât discuțiile [00:42:10] sunt mai numeroase pe internet, cu atât oamenii [00:42:15] devin mai fanatici cu propriile opinii. Și știți de ce? Noi am mai [00:42:20] discutat la un podcastul meu astăzi. Aici vorbim de paradigme.Ori într-o paradigmă [00:42:25] argumentele sunt circulare. Ele pleacă de la premisele paradigmei [00:42:30] și confirmă întăresc premisele. Și cu cât un [00:42:35] om își dezvoltă mai mult demonstrația și argumentele, cu atât se [00:42:40] luminează mai mult câtă dreptate are. Ca Charlie Kirk. Exact. Exact [00:42:45] cazul ăsta. Și atunci apare... Această circularitate, cu [00:42:50] cât vorbesc mai mult, cu atât mă convinc mai mult.Deci dialogul nu ne unește. Dialogul ne [00:42:55] desparte și mai rău. Este ceea ce se numește, în teoria comunicării, [00:43:00] dialogul surzilor. Fiecare s-au de pe el, nu l-au de pe celălalt. Deci [00:43:05] rețele sociale au dus la o amplificare și ca amploare, [00:43:10] la o adâncime și adâncire a diferențelor și [00:43:15] a opozițiilor ca intensitate.[00:43:17] George Buhnici: Nu durează puțin chestia asta. Durează [00:43:20] E un proces complex. Dar dacă ne uităm un pic în spate aveam rețele sociale de suficient de multă vreme încât să-și făcut [00:43:25] efectul acești algoritmi Într-o competiție acerbă pentru audiență au amplificat lucrurile care [00:43:30] se viralizează, iar apoi au apărut actorii statali care folosesc [00:43:35] aceste narațiuni pentru politica lor externă.Și aici întrebarea este, cum [00:43:40] lucrează aceste narațiuni, cum ar fi narațiunea invaziei a re-emigrării în aceste emoții [00:43:45] colective? Și cine le orchestrează? Credeți că există păpușari sau este doar furia noastră [00:43:50] care ne ocupă pe noi înșine pe toți? Există păpușari [00:43:54] Dumitru Bortun: care [00:43:55] profită de pe urma acestor furii. [00:44:00] E foarte interesant.Are Salman Rushdie, cel care a scris [00:44:05] versetele satanice, are un roman, Furia, în care [00:44:10] face o analiză de mare subtilitate acolo, acțiunea petrecându-se în Statele Unite ale [00:44:15] Americii. Se izizează manifestările de furie în [00:44:20] diferite domenii și pe diferite niveluri sociale. Furia ca stat. [00:44:25] E spirit, ca spirit al epocii de spirit de taim [00:44:30] Putem spune că furia este emoția [00:44:32] George Buhnici: acestei generații?Da, [00:44:33] Dumitru Bortun: da. Asta [00:44:35] demonstrează Salman Rushdie. E tulburător să [00:44:40] ai zis seama că s-a născut o generație sub ochii noștri și din mâinile noastre [00:44:45] furioasă. Știți că prin anii 60 a păruse un [00:44:50] curent în dramaturgia britanică tinerii furioși. Care au scris [00:44:55] niște piese foarte cunoscute la vremea respectivă, Camera în formă [00:45:00] de el, Fiață sportivă, Privește înapoi cu mânie, [00:45:05] Singurătatea alergătorii de cursă lungă, toate astea au devenit filme de mare [00:45:10] artisticitate.Tinerii furioși era [00:45:15] prima repriză. Au urmat repriza a doua, s-au mai calmat, au [00:45:20] urmat Revoluția sexuală, au urmat mișcări despre înțelegi în 68, hippie [00:45:25] și așa mai departe. Hippie care erau pacifiști la bază. Da erau pacifiști, dar tot [00:45:30] pacifismul ăsta lor retragerea din societate era de fapt o reacție de contestare a [00:45:35] societății moștenite la părinților.Ăștia de astăzi nu mă să mai retrag pur [00:45:40] și simplu for să o distrugă, pentru că nu le place ce au primit ca moștenire. [00:45:44] George Buhnici: O parte [00:45:45] dintre ei, că avem și retrași o vedem în Asia, începem să vedem și [00:45:50] la noi, nu știu dacă ați auzit, n-am apucat eu să vă trimit înainte, vorbim mai nou, să [00:45:55] mă ierte cei mai tineri despre the Gen Z stare, adică [00:46:00] chestia asta, atitudinea asta, că orice îl întrebi, când vorbești cu unul mai [00:46:05] tânăr, care a luat un job, se uită așa la tine, fără reacție.The [00:46:10] stare, adică pur și simplu se uită, această mină pietrificată. Poker face. [00:46:15] Poker face. Acest poker face, generația poker face, am putea să-i spună dacă vreți. Deci [00:46:20] avem genul ăsta de retragere orică un fel de revolt orică ar pur și simplu ca plictiseală [00:46:25] ca demotivare sau pur și simplu descărcare completă de emoție după atât de [00:46:30] multă furie cât este amplificată și refuzul [00:46:32] Dumitru Bortun: de implicare emoțională [00:46:33] George Buhnici: da [00:46:35] deci furie și refuz de implicare aici suntem între astea două [00:46:40] ok, toate astea sunt amplificate de tot felul de [00:46:45] influențări care mulți dintre ei se pun în fața oamenilor dar de fapt sunt niște miliardari [00:46:50] de aici spun că luptă acolo pentru interesea oamenilor și Charlie Kirk era finanțat de miliardari nu era nici el [00:46:55] sărac foarte puternic susținut de Elon Musk transportat [00:47:00] sicriul lui de J.D Vance cu Air Force 2 și [00:47:05] asta este doar exemplul ăsta concret dar mai avem oameni foarte bucăți cum a fost pe exemplu că vă [00:47:10] povesteam la un moment dat vorbeam noi despre acel influencer care a venit cu un avion privat la București [00:47:15] să ia un interviu unei candidate la prezidențiale doar dorind să [00:47:20] salveze democrația românească tot felul de influențări în ăștia parașutați cu foarte mulți bani [00:47:25] de ce credeți că acești miliardari folosesc aceste [00:47:30] narațiuni în acest mod și acești algoritmi împotriva oamenilor [00:47:35] ce [00:47:35] Dumitru Bortun: se iunește pe ei Pe [00:47:40] evanghelicii albi din Middle America parcă de [00:47:45] mijlocul Americii Și pe mari miliardari care vin din aceste [00:47:50] industrie de vârf.[00:47:51] George Buhnici: Așa. [00:47:54] Dumitru Bortun: [00:47:55] Doctrina acceleraționistă. Se numește așa pentru că pleacă de la... [00:48:00] Se duce în multe direcții, dar pleacă de la un trunc comun. De la [00:48:05] constatarea că istoria s-a accelerat și că [00:48:10] ritmul de evoluție tehnologică e atât de mare [00:48:15] încât societatea nu mai face față nu mai ține ritm. Și atunci, [00:48:20] marii reprezentanții ai firmelor tehnologice [00:48:25] vor să limiteze democrația, pe care o simt [00:48:30] înceată, birocratizată o simt că nu ține pasul cu [00:48:35] inovarea tehnologică și domeniul cu care sunteți foarte [00:48:40] familiari, că lucrați în domeniul ăsta și promovați, progresul [00:48:45] tehnologic, bine faceți, dar ei spun așa că democrația este un [00:48:50] regim politic cronofag.Știți? [00:48:53] George Buhnici: Că ține pe loc. [00:48:55][00:48:55] Dumitru Bortun: Mănâncă timp Și până când [00:49:00] ajungi să iei o decizie, a trecut, a zburat [00:49:05] gaia cu mațul. Nu mai ai timp. [00:49:10] A zburat momentul în care trebuia luată decizia Și să [00:49:15] acumulează o serie întreagă de blocaje care până la urmă să intră în criză și ei vor să [00:49:20] deblocheze chestia asta. [00:49:21] George Buhnici: Pentru că se văd într-o competiție cu alții care fac același lucru.Da. [00:49:25] Și vor să... [00:49:26] Dumitru Bortun: Toți ăștia care sunt în jurul lui Trump și [00:49:30] care finanțează MAGA, mișcarea asta, [00:49:35] America Great Again, sunt ăștia, [00:49:40] acceleraționiști. Ei se întâlnesc foarte bine cu aceștii [00:49:45] evanghelici albi din Middle America pentru că și pleacă de la ideea că s-a accelerat [00:49:50] și că dacă vrem să accelerăm, dacă e bine că [00:49:55] s-accelerează, pentru că vine...Mai repede Iisus. A doua venire a lui Iisus să se apropie mai [00:50:00] repede. Și atunci ei au intrat în administrație în politică [00:50:05] în școli, vor să intre peste tot, au teoria celor 8 munți. Nu [00:50:10] știu dacă știți vorbesc cu cei care ne urmăresc, dumneavoastră știți că în [00:50:15] Vechiul Testament există un simbol al muntelui, muntele Sinai, în care [00:50:20] Dumnezeu vorbește cu Moise și îi dă cele 10 [00:50:25] porunci, cele două table cu cele 10 porunci, există [00:50:30] muntele Tabor, există muntele Templului, sunt mai multe munți sfinți [00:50:35] care au o simbolistică foarte puternică pentru [00:50:40] iudaism pentru creștinism.Deci pentru iudeocrăștini, [00:50:45] aceștia evanghelici spun că îi trebuie să cucerească opt munți. Un munte [00:50:50] este administrația, alt munte este învățământul educația în [00:50:55] general, alt munte este sănătatea și trebuie să aibă oameni peste tot. Și [00:51:00] ăștia toți trebuie să accelereze și să țină ritm cât mai mult și s-au [00:51:05] întâlnit în foarte multe obiective, printre care cel antidemocratic, cu oamenii [00:51:10] de afaceri cu mari businessmen.Iată de ce se întâmplă în America. Se [00:51:15] dă peste cap o întreagă tradiție și un întreg mecanism de [00:51:20] evoluție socială. Și totul de la tehnologie, [00:51:25] domnul Bucnici. Cum adică de la tehnologie? Păi întotdeauna a fost așa Karl Marx [00:51:30] a vorbit în alți termeni, dar el spunea așa, forțele de producție determină tipul de relație de [00:51:35] producție.Și a vorbit de legea concordanței, între forțele de producție și relații de producție Ce sunt forțele [00:51:40] de producție? E tehnologia. [00:51:41] George Buhnici: Eu sunt de acord că e tehnologia, dar ce adaugă [00:51:45] marxistile în iniște este că, faimoasa zicere, că nu există câștig fără [00:51:50] ca cineva să-și fost furat. Și în cazul ăsta oamenii munce Nu, [00:51:53] Dumitru Bortun: e pe [00:51:55] altă linie, e pe altă direcție.În ceea ce plăcește mecanismul evoluției sociale În mecanismele de [00:51:58] George Buhnici: producție există un [00:52:00] asupritor care ia roadele acestei productivități de la oamenii muncii și nu [00:52:05] distribuie Știu [00:52:05] Dumitru Bortun: dar nu asta contează acum. Contează ce spuneam că ei spun că modurile de producție sunt [00:52:10] schimbate. Din cauza evoluției tehnologice.[00:52:13] George Buhnici: Așa. [00:52:13] Dumitru Bortun: Că [00:52:15] atunci când mijloacele de producții erau atât rudimentare încât trebuia să ne [00:52:20] ajutăm noi între noi, era comuna primitivă, după care s-au mai [00:52:25] evoluat mijloacele de producții, dar atunci nu erau suficiente pentru [00:52:30] ca toată lumea să stea și să producă, fiindcă nu erau mașini. Și atunci jumătatea din [00:52:35] omenire a fost transformată în sclavi.Și jumătatea au devenit stăpâni de [00:52:40] sclavi. Și au folosit păștea păstă unelte. Unelte vorbitoare cum [00:52:45] definește sclavul Aristotel. Un altă vorbitoare. O dată cu o [00:52:50] revoluție industrială apar mașinile. Opa, în momentul ăsta omul devine [00:52:55] conducător al mașinii, dar mașina face efortul în locul lui. Să termină cu [00:53:00] sclavia, apare capitalismul.Deci toate lucrurile astea sunt trase de [00:53:05] dezvoltarea tehnologică. [00:53:06] George Buhnici: Păi da dar tehnologia despre care ne-ați vorbit și care duce la această [00:53:10] tensiune, este cea care a redus cel mai mult suferința pentru toată planeta. [00:53:14] Dumitru Bortun: Eu n-am spus [00:53:15] că e rea. Eu explic de ce se întâmplă. Se întâmplă această mare transformare [00:53:20] socială în America, ea fiind vârful de lance al civilizației occidentale, se întâmplă [00:53:25] întâi la ei.[00:53:25] George Buhnici: Se [00:53:25] Dumitru Bortun: va întâmpla și la noi. Este vorba de aceste schimbări [00:53:30] produse de progresul tehnologic. Într-adevăr accelerat. [00:53:33] George Buhnici: Trebuie să mai gândiți la asta, [00:53:35] pentru că m-ați pus un pic pe gânduri. [00:53:36] Dumitru Bortun: Da, mai meditați. [00:53:37] George Buhnici: Mai dați un pic de gândire. [00:53:39] Dumitru Bortun: Asta nu [00:53:40] înseamnă că nu trebuie să promovați progresul tehnologii. Promovați-i Dar promovați-i în acea [00:53:45] paradigma [00:53:47] George Buhnici: utilitarismului.Da. Eu la asta mă uit. Spre binele [00:53:50] cât mai mari, pentru cât mai [00:53:51] Dumitru Bortun: mulți. [00:53:52] George Buhnici: Mâi la ceasul de la mâna noastră, care vă poate anunța când [00:53:55] aveți probleme de puls. Da, [00:53:56] Dumitru Bortun: exact. [00:53:56] George Buhnici: E nevoie de [00:53:57] Dumitru Bortun: așa ceva. Da, e un câștig. [00:53:58] George Buhnici: Dar nu putem să-l lăsăm pe [00:54:00] băiatul care deține compania aia să-și pună președinte. [00:54:03] Dumitru Bortun: Să ne pună șeful. [00:54:05] Exact.Pentru că el are companie, e lăudabil, dar nu îl a ales nimeni. [00:54:10] Exact. [00:54:10] George Buhnici: Bun. Revenim către România. România trece la [00:54:15] sfârșitul anului trecut prin anularea alegerilor prezidențiale, apoi vin valurile de proteste și o campanie [00:54:20] rerulată sub umbra acestei ingerințe ruse, despre care vorbim inclusiv în [00:54:25] Moldova cum și în alte locuri.Avem rețele pro-Kremlin și conexiuni [00:54:30] moldovene, inclusiv rețeaua SHORE, despre care aflăm tot mai multe zile la acestea prin cei care urmăresc foarte, [00:54:35] foarte interesant câte informații se laiveau în ultima perioadă despre această rețea SHORE, care [00:54:40] operează și la noi, care au amplificat Narațiuni peste tot, Facebook, Telegram și așa mai departe, [00:54:45] inclusiv mesajele anti-UE, dar și anti-migrație, despre care vorbeam puțin mai devreme.[00:54:50]Acum, întrebarea este. Revin un pic și aș vrea să [00:54:55] închidem această discuție Înțelegem că există aceste forme de manipulare și mult [00:55:00] o să zică, iarăși începe să vorbească buhnici de troli ruși. Dar credeți că există o [00:55:05] legătură între discursul anti-imigrație în România, o țară de emigranți nu de [00:55:10] imigrație, care să fie folosite de aceste rețele de [00:55:15] propagandă rusești?[00:55:16] Dumitru Bortun: Da. Scopul final [00:55:20] al propagandei rusești este dezmembrarea Uniunii [00:55:25] Europene, care reprezintă un mare obstacol din punct de vedere [00:55:30] comercial, tehnologic, economic, politic. Și [00:55:35] pentru asta trebuie să întoarcă popoarele astea [00:55:40] needucate din fosta zonă comunistă, [00:55:45] care au ieșit de curând din regimuri totalitare sau dictatoriale, să [00:55:50] le întoarcă împotriva Uniunii Europene.Și n-ai cum să-i [00:55:55] întorci decât spunându-le ce răi Uniunea Europeană, ce răi sunt [00:56:00] birocrații de la Bruxelles, ce lucruri relevă. Trebuie să le [00:56:05] dezvolți și mândria de a fi români sau de a fi bulgari [00:56:10] să dezvolți identitatea lor naționalistă, suveranistă, să le [00:56:15] propui suveranitate în condițiile în care o lume întreagă să devine [00:56:20] interconectată.Ei propun suveranitatea să rămași răul de tot în urmă. [00:56:25] Ca evoluție istorică Ei nu pricep în ce epocă ne aflăm, dar lucrează [00:56:30] cu materialul clientului. [00:56:31] George Buhnici: Ei vor să aibă telefoane produse în străinătate, internet, să se [00:56:35] uită să vadă, să aibă lumea să aibă o fereastră către lume aici? [00:56:37] Dumitru Bortun: Da, dar asta e tehnologie.Nu este [00:56:40] o imagine despre procesul istoric. Ei habar n-au că a existat [00:56:45] o epocă feudală, că a existat o epocă modernă că noi suntem în postmodernitate. Nu [00:56:50] au poziționat. Și gândesc că a nevăd mediul. [00:56:53] George Buhnici: Au acest fallacy că [00:56:55] poți să păstrezi, să stăm cu toții în ie și în costum popular, dar înconjurați de toate [00:57:00] fructele globalizării.[00:57:01] Dumitru Bortun: Da. Exact cum era în Iran la Revoluția lui Khomeini. Mi-a [00:57:05] spus cineva care a fugit de acolo. Era la noi în țară era studentul meu la [00:57:10] arhitectură. Și mi-a spus că marea majoritate, 80% [00:57:15] erau analfabeți, dar aveau televizor color în bordeile lor [00:57:20] acolo și câte un calașnicov dat de ruși. Așa s-a făcut Revoluția [00:57:25] musulmană.Ca la [00:57:25] George Buhnici: noi. Toată lumea are câte un smartphone și opinie pe TikTok. Și ei [00:57:29] Dumitru Bortun: [00:57:30] analfabetiți funcționă. Și [00:57:31] George Buhnici: totuși, atinge niște anxietăți, așa cum am mai auzit [00:57:35] lucrul ăsta, propaganda folosește anxietăți reale. Lucrează cu materialul [00:57:40] clientului. Piața muncii de identitate Mi-ați vorbit, servicii [00:57:45] publice. [00:57:45] Dumitru Bortun: Păi orice schimbare, domnul Bucurniciu orice schimbare creează anxietate.Prima este să [00:57:50] ești pregătit Sufletește de schimbare? Ești pregătit ideologic? [00:57:55] Ai niște idei care justifică schimbarea? Ți-a spus vreodată cineva că singurul absolut [00:58:00] care există în lume e schimbarea? În lumea de azi, [00:58:05] în lumea de aici, singurul lucru absolut e schimbarea. Restul e relativ, [00:58:10] pentru că totul se schimbă.Numai în cer există cineva care nu se [00:58:15] schimbă. Dumnezeu. Și-o și spune în Maleachi, unul dintre [00:58:20] cei mai interesanții profeți mici spune, eu nu mă schimb. [00:58:25] Eu sunt Dumnezeu nu mă schimb. Deci el e reperul fundamental pentru [00:58:30] noi ca să știm când ne schimbăm, când nu. Avem un reper fix, Dumnezeu [00:58:35] cu legile lui, cu legea morală, cu legea sanitară, cu tot ce [00:58:40] știm, discursul despre fericiri de pe munte.[00:58:45] Deci toate lucrurile astea să [00:58:50] înțelegem cred foarte bine când ai o cultură a schimbării [00:58:55] Și tu îți dai seama că trebuie să faci parte din schimbare, să ții pasul cu schimbarea, că dacă [00:59:00] nu-ți place schimbarea sau nu înțelege problema ta, nu e problema schimbării și că nimeni nu e de [00:59:05] vină. Tu trebuie să ții pasul cu ea.Dacă ai niște copii pe [00:59:10] care nu-i mai înțelegi e problema ta, trebuia să ții pasul cu ei și să înveți și [00:59:15] tu de la copiii tăi, nu doar Ei de la tine Pentru că tu le predai Ce se învețe de [00:59:19] George Buhnici: la [00:59:19] Dumitru Bortun: tine? Păi [00:59:20] ce se învețe de la tine? Ce era sub Ceaușescu? Să le bați, îi bați [00:59:25] la cap că era mai bine înainte sub Ceaușescu?Era mai bine pentru tine că era mai tânăr. Pentru ei n-ar fi [00:59:30] mai bine. Deci toate înapoierile astea ale noastre, [00:59:35] încetinea, inerția de a ne schimba, frica de a ne schimba, comoditatea. [00:59:40] Sunt multe ori care ne țin în loc să nu ne schimbăm. Și începem să înjurăm [00:59:45] schimbarea. Suntem împotriva ei. Și respectiv împotriva progresului [00:59:50] tehnologic, împotriva integrării transnaționale și împotriva [00:59:55] Uniunii Europene.Și ăștia atât așteaptă. Să ne întoarcă împotriva Uniunii Europene. [00:59:59] George Buhnici: Mi s-a [01:00:00] părut maxim când am văzut-o pe Madame Șoșoacă în căruță. Nu și-a căzut [01:00:05] imaginea. Cântând într-o căruță. [01:00:06] Dumitru Bortun: Dar face pe autochronista. [01:00:10][01:00:10] George Buhnici: Așadar avem partii de care au învățat să folosească chestiile astea. [01:00:15] Și folosesc toate acestea anxietate Și le transformă în capital politic.Pe de altă parte [01:00:20] avem și o coaliție la putere Care repetă toate greșelile pe care le-au făcut și alte [01:00:25] coaliții de voință. Din mai multe țări europene. În care ne strângem împreună pentru [01:00:30] interesul public. Nu mai face nimeni o poziție reală. Și atunci singurii care capitalizează [01:00:35] cine sunt. Exact cum s-a întâmplat în Germania.Că și Frau Merkel era într-o alianță [01:00:40] mare de tot acolo la putere. Multă vreme n-a deranjat-o nimeni. A avut [01:00:45] niște mandate foarte lungi și foarte liniștite. Era [01:00:48] Dumitru Bortun: chiar o liniște [01:00:50] suspectă. Știți cum se spune în literatură? Liniștea dinaintea furtunii. Asta era. [01:00:55][01:00:55] George Buhnici: Și acolo unde nu există opoziție, nu există dezbatere, democrația nu este vie, [01:01:00] se ridică întotdeauna extremiștii.Și acum vedem același lucru la noi. Am avut USL [01:01:05] până recent. Eu o-i zic USL, acest PSD-PNL, care acum este [01:01:10] în continuare mângăiat pe creștetă de președintele nostru Nicușor [01:01:15] Dan. Și vedem cum crește de la o zi la alta. Săptămâna asta a ieșit un [01:01:20] sondaj că coaliția de la putere mai are procente puține în [01:01:25] față În condițiile actuale.[01:01:27] Dumitru Bortun: E vreo 4%. [01:01:30] Vreau să vă spun că m-am gândit la aspectul ăsta. Am [01:01:35] trei recomandări, trei soluții. În primul rând ar [01:01:40] trebui să descurajeze statul și chiar să interzică dacă e cazul, [01:01:45] discursul urii Și să o facă până nu va fi prea târziu. [01:01:50] Atenți, unde discursul urii. O să-mi zic, da, dar asta nu e restrângerea libertății de [01:01:55] expresie?Ba da. Dar trebuie făcut. Și am să vă povestesc o [01:02:00] poezie lăsată moștenire de Martin [01:02:05] Niemöller, un pastor luteran din Germania, Care [01:02:10] a trăit 92 de ani, a murit în 1984, a supraviețuit la mai multe [01:02:15] lagăre naziste. Și își se spune în nume alături. Foarte interesan
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In this episode, 10 Family Office Myths exposed (and debunked). https://youtu.be/j1cgcZZcRBM Welcome back and Happy New Year on the Wealth Actually podcast. I’m Frazer Rice. We have a fun show today where we talk about 10 myths in the family office space. Mark Tepsich, who runs the family office governance practice at UBS is here as we dish into the ideas and concepts that are misunderstood in the family office world. Summary This conversation delves into the complexities and myths surrounding family offices, exploring their structure, governance, and the unique challenges they face in wealth management. The discussion highlights the importance of understanding the specific needs of families and the role of family offices in managing complexity and preserving wealth across generations. It also addresses common misconceptions about family offices, including their necessity, governance, and their relationship with institutional investors. Takeaways Family offices are established to manage complexity in wealth.Not all family offices are the same; each has unique needs.Governance frameworks are essential for effective family office management.Many family offices outsource functions rather than internalizing them.The myth that 85-90% of family offices shouldn’t exist is false.Shirt sleeves to shirt sleeves is a debated concept in wealth preservation.Family offices need to adapt to the evolving needs of families.Investment functions in family offices are often secondary to administrative roles.Family offices are driven by complexity rather than just size.The future of family offices may involve more direct investment opportunities. Chapters: Family Office Confidential 00:00 Understanding Family Offices: Myths and Realities02:02 The Complexity of Family Office Structures04:37 Debunking Common Myths About Family Offices06:17 The Role of Outsourcing in Family Offices07:54 Generational Wealth: The Shirt Sleeves Myth10:51 Flexibility vs. Permanence in Family Offices12:48 Governance and Decision-Making in Family Offices15:49 Investment Functions in Family Offices18:05 Size vs. Complexity in Family Offices20:09 Family Offices vs. Institutional Capital21:19 The Aspirational Nature of Family Offices23:30 The Relationship Between Family Offices and Institutions25:36 Technology in Family Offices: Current Trends29:03 Family Offices and Private Equity: A Comparative Analysis Myths 85-95% of FO’s should not exist vs. “there is no such thing as a family office’ Family office internalize everything A Family Office Anchored by an operating business is the same that is one funded solely by liquidity event Shirtsleeves to Shirtsleeves is myth Family offices are designed to be permanent’ Family Offices don’t need high end (almost SOX) like governance Family Offices are driven by net worth (no, by complexity) Family Offices are built on a robust investment function (no, it”s complexity management- often rooted in bookkeeping and accounting) Family Offices are like institutional Capital (no, many more motivations than pure returns- including whimsy and the knee-jerk ability to override the IPS) Family Offices are the right result for a career (they could be, but it is extremely unlikely- a lot of things have to be “just right” and there is little to know patience for development Family Offices make great wealth clients (very much depends on the function and the product- they can be difficult consumers) Family office tech is best – in – breed (No and it probably never will be) Family offices shun Large institutions (Surprisingly, no- needed for deals, expertise, and most importnatly financing and introductions) Keywords family offices, wealth management, governance, investment strategies, family dynamics, myths, financial planning, family wealth, complexity management, family governance Transcript: Family Office Myths Busted Frazer Rice (00:04.462): Welcome board, Mark. Mark Tepsich: Hey, Frazer, good to see you again. Appreciate the opportunity. Frazer Rice: Likewise. So let’s get started first. We’re going to go into some of the myths around family offices. But you really participate in kind of an interesting subset of that in terms of helping families design and govern them. What exactly does that mean on a day-to-day basis for you? Mark Tepsich: Yeah, good question. So, you know, it means a couple of things, right? So if you think about a family office, you have families that are at the inception point, right? Where things are getting too complex for them. They need to set up some sort of infrastructure. And it’s really like, what is a family office? What can it do for me? What are the pros, cons, and trade-offs? Where do I start? What’s the infrastructure, the systems? Who do I hire? How do I structure a compensation? So you’ve got families maybe coming at it. From post liquidity event, maybe coming at it from, we need to lift up, lift out this embedded family office out of the business to, hey, we’re an existing family office. We’ve got, you know, we’re evolving, right? The family’s growing, their enterprise is changing, the world around us is changing. People are leaving the family office, the next gen’s getting incorporated into the family office in some way. We’ve got some questions that could be, how do we engage the next generation through the family office? Mark Tepsich (01:21.614): How do we make decisions, communicate around our shared assets and resources, which could be a portfolio, maybe even a business, or hey, how do we come together and hire? What is this profile of this person look like? Who should we hire and not hire? What’s the structure of their compensation, carry co-investment, leverage co-investment? What’s the tech stack look like across accounting, consulting, reporting? Now, how do we insource and outsource? So it’s sort of. I like to call it organizational capabilities. So, you know, sometimes it’s soup to nuts, like starting from zero, other times it’s, we’ve been around for a long time, but we have a couple of questions. So that’s kind of my day to day. And, you know, I’ve been living this really since 2008 pre-global financial crisis. Frazer Rice So we’re going to go into, I think, some of the craziness of the family office ecosystem where we have people who wear many hats, people who wear masks, some people who are jokers and other people who are really good technicians and provide a lot of great insight. One of the things you were talking about is that the different types of mandate can be different. And I think maybe one of the first myths we should tackle is the The bromide that if you’ve seen one family office, you’ve seen one family office, which is thrown around at every family office conference and everybody chuckles for a minute and then it sort of washes away and no one cares anymore. What do you think about that statement? Mark Tespich (03:19.006): So I don’t necessarily think it’s true. And here’s what I mean. Let’s make an analogy to this, right? A business needs certain core infrastructure to just operate, right? And using accounting back office, you know the inflows, the outflows, you know, if you’re make a decision, these are the steps you have to go through. And so a family office, right? It needs to incorporate that, but it needs to incorporate it with the family and the family enterprise that is existing for that family, right? So, yeah, each family office is different because each family is different, but that’s like saying you’ve seen one business, you’ve seen one business, right? The strategy could be, the culture could be different, but, you still need some core operating infrastructure. And again, there’s accounting infrastructure, and that’s the basics, right? So there’s a curl of truth, but largely I think that it is false. Well, and at the same time, yes, families are different, but in general, families are trying to get to the same place, which is, know, they want to steward the wealth. They want to make sure it benefits the family and the other constituencies. And they want to make sure that it’s preserved over time. And those functions, you know, it’s very infrequent. You’d find the functions not there. And so how you get from A to B may be different, as you said, but there are a lot of universal truths to setting one of these things up. Frazer Rice So one of the other myths that we’ve come across is the idea that 80 to 90 percent of family offices shouldn’t exist. is, people and families set these up for, let’s call it the wrong reasons. Maybe it’s fear of missing out, maybe it’s great cocktail party chatter, maybe it’s an overdiagnosis of their needs. What do you think about that? Mark Tepsich Again, false. know, family offices are largely a function. They largely exist because there’s a market scale here. And what I mean by that is when you look under the hood at a family office, you’ve got basics of an accounting firm. You’ve got basics of an investment slash wealth management firm. You’ve got the basics of a legal slash tax firm. And then you’ve got essentially everything in between. And when you look at professional service firms out there, They can’t provide all of those under one roof, whether compliance or regulatory reasons. But the other reason is because no business model out there can really scale the complexity that each one of these families has. So yeah, you could outforce a lot of this stuff, but at the end of the day, family offices often exist because of a market failure. so, false, 85 to 90 % of family offices should exist. Frazer Rice (05:41.164) One of the other things, I’ve been around enough of these getting set up, is that the family office, if we get into sort of a technical structure, such that you set up a structure so that you’re able to deduct the expenses related to administering the wealth around that, that’s a valid reason to do things in addition to the organizational component. So I agree with you that there’s, to say that they shouldn’t exist is sort of belying the notion that these functions should take place internally. And I think you spoke to that. And I guess that gets to another myth, which is that family offices should internalize all of these functions. You just talked about it a little bit, that that’s not a great business model either. Mark Tepsich No, mean, yeah, so, you know, 85 to 90 % of family members out there, you just use that statistic, outsource a fair amount of things, right? And what that means is let’s just use tax counsel, for instance, right? This is something that these issues exist in every family office, they exist for every individual, but at the end of the day, should you have, you know, a tax counsel in-house in a family office that’s only doing, you know, income tax advisor work? Probably not. For 95 % of family offices because the frequency just isn’t there, right? So, you if you look at general councils alone, right? So they should have a broader mandate than income tax. should have well-transferred estate planning. Every family has those issues, but do they have the frequency to warrant bringing that individual, that professional and the rate, the cost? Probably not. a lot, you know, most family offices outsource a fair amount of whether it’s investment management, manager selection and due diligence. So false. Most fair amount offices do outsource a fair amount. Frazer Rice (07:31.374) One the things, this is one of my favorite controversial topics in the family office ecosystem of vendors that are out there is this notion that shirt sleeves to shirt sleeves is a myth. that the, and for those who don’t know what that means is, know, the first generation has generated the wealth, the second one enjoys it. And then the third one for a variety of reasons is ill-equipped to carry the wealth forward. And then everyone kind of goes back. It transcends culture. It’s lily pad to lily pad. You know, there’s a British version and a Russian version and whatever version. But the advice ecosystem around this is such that there’s a lot of debate about the statistics that have, quote unquote, proven that. And I can listen to that and say, yes, those may be very narrow. But there is a myth out there that shirt sleeves to shirt sleeves is a myth. Maybe you have some comments on that. Mark Tepsich Man, this is a tough one. I will say this will probably be the toughest one. So I think once a family becomes wealthy, right? And you can kind of define that as, the wealth, meaning the financial wealth will last a few generations with really out, with really nobody working, right? Let’s just define it that way. It’ll last a couple of generations if you make some not dumb decisions, we’ll call it. I think such as the financial markets today, right, as long as you’re diversified, you will stay wealthy. Does that mean you are going to have the same amount per capita over time? Maybe not, right? So if you look at it today, is a nuclear family of four, and you look at it 50 years from now, and the family is 30 people, right? I don’t know what the growth rate would have to be on those assets. So I think the family will remain wealthy whether they remain, you know, on a per capita basis, right? That’s a different story. I think what this is missing, however, I think the numbers kind of overshadow what this is getting at. I think when you look at it, when you take a step back, that first generation wealth creator, right? Will the family continue to be builders and entrepreneurs down the road? Frazer Rice (09:50.26) That I think that’s the question. Will they continue to kind of reach their full potential? I think that is that should be the focus. I’m going to punt on this one. I think it’s TBD and it’s there’s no set answer. I think the idea that the returns, To get back to your point is that as you go from generation to generation, the complexity increases, I’d say geometrically. Whereas the assets in many ways are going to be designed to increase linearly. And so at some point it may be 14 generations down the line when you’ve got 300 people that you have to take care of, are those assets gonna be in place to be able to support the level of living that people expected in generation one, two, and three? I think that’s the equation we’re all trying to fight. And so I’d say while Shirt Sleeves to Shirt Sleeves isn’t necessarily a prophecy, it’s definitely something that has to be addressed. So I’m gonna say that the fact that Shirt Sleeves to Shirt Sleeves is a myth, I think that’s the myth. Mark Tepsich So that’s where I draw my line in the sand there. think there’s an equation you constantly have to fight. Okay, so here’s another one. Family offices are designed to be permanent. I happen to think that they start out trying to be permanent, but in actuality, they really have to be more flexible and flex with the needs of the family, even at the first or second generation. Yeah, I would agree. Often they’re established for a good reason, right? That reason is complexity. Whether that complexity continues to exist for the family is a different story, right? You might have a business being sold. The family might just say, “hey, we don’t need to do all these direct investments, these alternate investments. Let’s just keep it simple, keep it passive.” I don’t think they’re designed to be permanent. I think families don’t really think about that too much. They want to exist for probably the existing generation that’s leveraging it and they wanna transition it, to your point, be flexible over time. But I don’t think anyone like a business, right? If you think about a business, the business generally speaking, it’s meant to exist in a perpetuity. That’s why you have a business, right? It’s not a sole proprietorship, but a family office, I think it’s TBD, right? So, you know. I don’t think anyone’s setting up a family that will say this is going to exist a thousand years from now. And I think if they came out and said that, think that it would add question and motivations. Frazer Rice Maybe we may be welcoming the Martians, we may be speaking Mandarin. There’s a thousand things that could happen in between here and then, that’s for sure. Here’s a myth that I think you and I are both going to agree is one, which is that family offices, for the ones that we think are going to try to persist, don’t demand necessarily Sarbanes-Oxley or high-end governance. Mark Tepsich I think as family offices mature, meaning as the family evolves, they do need some sort of decision-making framework. Especially if they’re going to really come together and act like somewhat of an institution. What I mean by that is, under the hood of a family office or under the hood of a family, let’s say there’s 10 family members. Let’s say there’s 20 to 25 trusts within that. You know, you could come together and pull your assets, right? And pull your resources. That’s part of the reason for having a family office. And so you just have a larger pool of capital. When you’re doing that, you do need governance. Okay? But if you’re gonna have, it’s just like, hey, we’re gonna have our separate portfolios. We’re not gonna come together and have pooled investment vehicles. You might not need an investment company, okay? And there might be good reasons to have an investment committee. In fact, many the investment committees I see, they’re not like college endowments where, we got eight people or nine people on here. We need to agree at least have five people to agree to allocate to this manager or change the allocation or change the IPS, depending on where that authority resides. I often see many investment committees for families, hey, we’re just collaborative in nature. We’ll get together. We’re going to have a meeting and talk about different strategies. Different advisors, things we should be doing. But if they’ve always had to agree at the family business level, they might not wanna have that same construct in the family office slash investment portfolio. If they’ve always struggled, know, come into agreement at the family business, now they’re gonna like, hey, we’re gonna recreate this dynamic. don’t have a binding construct. In fact, we ran a report, it’s coming out hopefully in the next couple of weeks. on family enterprise governance and a component obviously is the investment committee. 70 % of the investment committees out there are advisory in nature, meaning they don’t make binding decisions. They take it back to the trustees or whoever the authority is and they say, hey, here’s what we think, right? So individual family investors, whoever that is, co-trustees, it’s a, okay. So I do think governance is important, but it depends on what you mean by that, right? Should there be an IPS in place? I 100 % think that each family investor should have an IPS in place. The biggest mistake I see there is, hey, we’ve got this shared pool of capital. We’ve got 50 trusts. We’ve got one single IPS, right? I think that is a big mistake. don’t think that’s good governance. So it really depends on what you mean, but I think, yes, there should be some decision-making framework that you’re following. Otherwise, what exactly are you? Adhering to it, right? Like, what is your framework? What is your decision making tree? Frazer Rice (15:53.902) On top of that, possible myth. Family offices are built on a robust investment function. I mean, yes, there are some that are like that, right? You know, there’s a big names out there, MSD, Pritzker, so on and so forth. Those are the exceptions rather than the rule. Most family offices, 85 to 90 % are formed to manage the complexity, right? So again, otherwise you’re gonna have all these outsourced providers and that just doesn’t make sense when you’re trying to make a decision, because you need all the different parts to come together. They’re often built as administrative functions first, rather than, we’re gonna go start the next, you know, a private equity firm. that’s false. Frazer Rice The, as I like to say, probably to the boredom of a lot of people who talk to me a lot is that a lot of these really are built on a bookkeeping or an accounting spine. You’ve got to manage the inflows and outflows of everything and keep track of what you have or else you can have a great investment function, but things are going to spill all over the place. Mark Tepsich (17:30.872) I’ll never say, yeah. mean, and that actually goes back to good governance, right? So I always say, it’s not provocative. I’ll say, listen, this is not a provocative answer, but you need to create that first. And most of the people that are considering this rate are business owners. So they’ll intuitively get that. In fact, that function might exist somewhere at the business, but it’s really not organized. And without that function, like, it’s hard to make a decision, right? If you’re going to allocate 20 % of your portfolio, to private equity drawdown vehicles. got cap calls, capital commitments, distributions, like that needs to be budgeted and forecasting, right? So a lot of these families will have, one nuclear family can have three to four homes, 10 bank accounts, 20 entities. It’s not like a single piggy bank that you could take cash out of and move it every which way, right? Those are owned by different vehicles, different trusts, different assets and things like that, so. Frazer Rice Here’s a myth that I espouse which is Family offices and whether you have one or not is driven solely by size whether you have five billion or two hundred million or something like that that if you aren’t a certain size you shouldn’t have one and if you’re Of a certain size you must have one. Mark Tepsich That’s a myth. It’s driven by complexity first. I’ve seen, I’ve spoken to people that are worth two to $3 billion. It’s concentrated in a few stocks, meaning like they were early stage employees, right? They’re still in it. They’re getting a healthy dividend at this point. Guy talked to couple years ago. He had two homes, two cars, probably 95 % of his network was tied up into two separate securities that were probably traded. And he’s like, I don’t think I need a family office. You want to know what one was, what it could do from. And I’m like, listen, if you don’t have the complexity, it probably doesn’t make sense. Okay, if you can make a decision within whatever framework you have, whatever complex you have. Now, the other, you know, there is a cost factor to it, right? It gets easier to start a family office, meaning hire a couple of people, if you’ve got the… asset base for it to make sense on a cost perspective. So most of the time it’s driven by complexity, but cost does become a factor, right? If you’re worth a hundred million dollars, you’re to go hire 10 people. That probably doesn’t make sense. Frazer Rice (19:28.342) Right. Well, on top of that too, if you, and there’s a sort of the difference between a family office driven by a liquidity event and meeting that’s, that’s all you have versus a family office that’s tethered or sorry, a family business that’s tethered to it, that is also generating cash flows to help pay for things that that’s a big part of the decision. Because if you’re hiring people, you know, a CIO minimum, absolute minimum is probably $500,000. They’re going to need people, you know, you’re looking at at least 3 million. just to get the thing up and running before you start figuring out what you actually have to do. And so the concept that the size is going to dictate completely, it underscores sort of that cost component that you described there. Frazer Rice This is an interesting one and I like this concept to talk about. Family offices are like institutional capital as investors. Mark Tepsich Again, myth, there are some, again, there are some that are like institutions. They have the size and the sophistication. Oftentimes you see them, they’re former PE or hedge fund founders, right? That just aren’t doing any more of it. They made their wealth in the financial ecosystem, in the markets. And so they’re very sophisticated. But by and large, I mean, they’re sort of quasi-institutional, right? So I’ve seen multi-billion dollar family offices that Again, they’re more of the administrative hub rather than, we’re gonna be splashing around and playing in the markets and using a lot of leverage and doing a lot of control equity investments. So by and large, it’s the myth. 85 to 90 % are institutional-like. They are there to fill a need and that need is complexity management. Frazer Rice Here’s one on a different angle, which is family offices are the goal for people in the wealth management industry to work for, meaning family offices are a great aspiration for people who work in the industry and that that’s universal. Mark Tepsich (21:34.35) Myth, I think it’s an option. I think it’s interesting. I think it is a growing opportunity for folks that work in, you know, maybe wealth management or investment management or the financial ecosystem. But you didn’t, again, family has been around for a long time, but they’ve really only became, you know, kind of popular post global financial crisis with the rise of PE because of ZERP. You know, I’ll talk to a lot of people that are like in the hedge fund ecosystem looking for a change, right? And I say like, listen, like these opportunities for you are out there, but it depends on the family. It depends on their compensation philosophy as on the culture that you’re going to have to live within. There’s a lot of key man risk. Is it an opportunity? Yes. But again, it is, it is family office by family office. Frazer Rice I tell people too, it’s for people who are used to having lots of clients or lots of institutional support that is going to be a shift. It’s different to have one client. It’s different to have a scenario where the business of a family office, the business model of that particular family office can change on a dime. And if you don’t share the last name of the family you’re working for, you could be in a tough spot. Mark Tepsich Yeah, “we’re gonna build out a sustainability impact portfolio. We’re gonna build out, we’re gonna have a direct investment initiative. We’re gonna allocate whatever, a few hundred million dollars to it.” That person, that professional gets there and then a year or two or three years goes by and the strategy changes because a family member too had to change a heart. And then it becomes, okay, why am I here? Where am I gonna go now? So again, they could be great opportunities. I had a great experience.but it really just depends on the family. Frazer Rice (23:26.894) Here’s one, and you’ve got UBS over your shoulder there, so this is dramatic foreshadowing in some ways, but I think it bears talking about. It’s that family offices shun the large institutions, and that they want it bespoke, they want something peculiar all the time. What do you think about that? Mark Tepsich No, I mean, it goes back to the earlier myth that, you know, basically we’re saying family office should, family office do outsource a lot, right? So again, most family offices are five to eight people, right? I call it family office island, meaning you’re there on the island and you’re like, what is going on outside of the island or off of the island? You know your island really well, right? You know the family, know all the facts inside and out, but they are, I mean, there’s a reason why all these institutions, including UBS, has built out the resources to cater to family offices, right? I’m the perfect example. They brought me on to help our clients build family offices, right? They would not do that if it was gonna cannibalize their business. So they could be great clients and other times it’s like, hey, we’re very insular and we’re gonna keep everything close to the vest. Again, it’s family office to family office. But by and large, they’re great wealth clients. Frazer Rice No, and they also, you know, they need institutions to partner with of size, whether it’s at custody or lending or any number of other functions that are out there. Sometimes, you know, the RIA space is such that, you know, they try to be all things to all people and the appeal of being in, you know, the billionaire space. It takes a lot of people and a lot of effort and frankly a different business model to deal with that and to just sort of wander in and say we’re great and we can do these things. I think that’s a short road for a lot of institutions. Frazer Rice (25:17.602) Again, like we are brutally honest too. And I’ll, and here’s what I mean by that. Well, like we’re rated a lot of things, but I’ll say like, listen, there’s things that we can’t do for you. We can’t be your accounting back office, right? Like we just don’t offer that. We don’t have it. We’ve got a couple firms that would do that. They’re pure plays on it. So they’ve got to be good at it. but you know, use the various institutions for what they’re good for. They’re, know, again, that’s why you’ve got a family office. You can kind of pick or choose and be agnostic as to what you’re using them for. Frazer Rice If we wind down here a couple of last ones: The tech that family offices rely on is going to be best in breed. Mark Tepsich I, listen, I have this power station all the time with family office meeting, like what, what, you know, what tech providers should we be looking at? Listen, family office have grown in, right over the past 10, 15 years that there’s not a question. they’re historically, right. had to use in a family office, had to take basically institutional tools, try to repurpose them for the family office and they just, they’re just kind of clunky, right? The family office is still a cottage industry. If you’re trying to sell the family offices, you’re selling the two firms with five to eight employees, right? So the tools are going to continue to get better. But in my opinion, they’re always going to lag the institutional tools and kind of sophistication. But that’s also because institutional tools are very kind of narrow and deep, whereas the family office tech tools, you’ve got the accelerated reporting, but it needs to link to the accounting. That’s an issue. And so the family of standard day is left with like a bunch of disparate fragmented systems that have a challenge talking to each other. With that said, AI, I’ve been talking to a lot of these sort of mom and pop shops, I’ll call them. They’re firms that are trying to incorporate AI to break down these walls. So it’s not fragmented disparate systems. I use the analogy of it’s like jailbreaking an iPhone. I don’t know where this is gonna be in a couple of years, but I think the tools are going to continue to improve. But again, you’re probably not going to take a family office tech tool and deploy it at institutional scale. So if that answers your question, I guess it’s a measure. Frazer Rice First of all, I think it’s going to take a long time before something, quote unquote, replaces Excel, which is still a powerful tool that is flexible and does what it says it’s going to do. And people use it sometimes at their own peril to be the underpinning of everything. the one thing I would add is that the mom and pop software components, I think, have a lot of great ideas. The total market to sell into that, though, does not necessarily make for a great software business. As you say, to get those tools that are specific and required at the family office level to be profitable, you got to figure out a way to sell that into something bigger. I’m not sure there is anything bigger. Mark Tepsich (28:49.358) Yeah, I mean, you’d be better selling it to, you know, small businesses, right? So, I mean, the tools are going to get better, but there’s been a lot of interest recently in the past couple years. I don’t think, I think most of them are not going to survive. I don’t want to say there’s only going to be a couple winners, but on the Consolidated Reported Front, I really think there’s only going be a couple winners because you need scale. And again, family office, if you’re looking to make a decision, you’re like, well, okay, well, 5,000 users use Adapar and 50 use this other platform. So which one are you gonna choose? You don’t wanna onboard to the one that has 50 and then three years down the road, they’re out of business, or there’s fold or something like that. So with scale comes a little bit of security that at least you know that a lot of other people are using. You could point to that. Frazer Rice Last question. Family offices will rival PE firms in terms of influence in the investing market? 85 to 90 % will not rival PE firms. That’s not what they’re set up for. That’s not the goal of most family offices. Again, it’s complexity management. Will some rival PE firms? Yeah. But again, you… Listen, I’ve seen some family office go out there and raise their party capital. When they do that, they’re not a family office anymore. They might have a component in there, but they’re private equity firms. What you’re getting at is private equity firms are raising a fund every couple of years. Can a family office do that? No, because once they do that, they will be a private equity firm. So PE by and large has an infinite capital source, as long as they are good at what they do, right? So with that said, you know, there’s a lot of entrepreneurs that are are post liquidity events have played in the direct investment space, they really wanna do it. They’re still young, right? They’re billers, operators created. They wanna do it from a different vantage point. They’re coming to a realization: “that w”We need to start a fund.” I really love that story because again, they’re founders and operators. They didn’t come from the financial ecosystem first to do this. So I think they’re putting a different spin on PE. I think it’s great for the PE industry as a whole, by the way. And I think, if you’re a founder or a business owner, you might have an easier time taking an equity investment from somebody like that, who’s known in that specific industry that they made their money in, who’s had to make payroll. And they probably have a different timeline than normal PE that’s looking to flip every three to five years. So I think as an investor, I think that would be an interesting investment opportunity, right? And so it’s like, okay, well, part of my PE allocation, you know, This might look interesting. I hesitate to make, you know, I’m not an investment person, so. Frazer Rice Great stuff. Mark, how do people find you and reach out? Mark Tepsich I’m on LinkedIn. I would attempt to just spell my name with my email address at ubs.com, but it’s very lengthy. You just hit me up on LinkedIn. But, Frasier, I appreciate the time. This was great. Frazer Rice I’ll have that in the show notes and as a final parting, we sort of listen to people say, the family space is getting loud. I’m not sure it is. I think the vendors are more loud than the family offices are. I don’t know what your experience is there. Mark Tepsich 100%, the family members themselves are still quiet. You don’t see them out there on LinkedIn. It is the ecosystem to your point around them that is getting loud, right? It’s LinkedIn. It’s like, you know, every time I’m on there, it’s like somebody’s got something to say about families, which is good. Again, if you think about every boom in history, they attract people, right? You could say the same thing about AI, right? But again, it’s become loud, but that’s the industry. It’s not the family offices themselves. Frazer Rice Great stuff. Thanks, Mark. Mark Tepsich Thank you, Frazer. Appreciate it. FAMILY OFFICE DEFINED MORE ON FAMILY OFFICE DESIGN WITH ED MARSHALL https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/
Agradece a este podcast tantas horas de entretenimiento y disfruta de episodios exclusivos como éste. ¡Apóyale en iVoox! ¿Cómo es posible que una pequeña roca de apenas dos kilómetros cuadrados haya sobrevivido a ocho siglos de guerras, revoluciones y cambios de mapa en Europa? En este episodio especial de Antena Historia, nos sumergimos en la apasionante crónica de la Casa Grimaldi. Desde el audaz golpe de mano de Francesco "Malizia", quien escaló los acantilados disfrazado de monje, hasta la sofisticación de la era de Rainiero III y Grace Kelly, analizamos la evolución de una estirpe que hizo de la supervivencia su mayor arte. 📜 Lo que descubrirás en este episodio: El Origen de la Leyenda: La toma de la Roca en 1297 y la lucha entre Güelfos y Gibelinos. Entre Gigantes: Cómo Mónaco maniobró entre el Imperio Español de Carlos V y la Francia de Luis XIV para mantener su soberanía. La Tormenta Revolucionaria: El periodo en que el Principado desapareció del mapa, sus príncipes terminaron en prisión y el Peñón fue rebautizado como "Fort d'Hercule". El Milagro de Montecarlo: La crisis total de 1848, la pérdida de Menton y Roquebrune, y la idea desesperada de Carlos III: si no hay agricultura, habrá vicio. La creación del casino y la llegada del ferrocarril. El Siglo XX: El papel de Mónaco en la Segunda Guerra Mundial y el "truco de Hollywood" que salvó la relevancia política del país. 🎙️ Un análisis profundo y riguroso No te pierdas esta reflexión final sobre Mónaco como el último vestigio de los estados-fortaleza medievales que supieron adaptarse al capitalismo moderno, convirtiéndose en el epicentro del lujo mundial sin perder su esencia de soberanía. ¿Te gusta nuestro contenido? No olvides suscribirte, darle a "Me gusta" y dejarnos un comentario. Tu apoyo es fundamental para que Antena Historia siga explorando los pliegues del pasado. Fuentes principales: Mónaco: Una Historia de los Grimaldi, de Thomas Fouilleron. Archivos del Palacio Principesco de Mónaco. ----------------------------------------------------------------------------------- 🎧 Antena Historia te regala 30 días PREMIUM Disfruta de todo el contenido sin interrupciones y con ventajas exclusivas en iVoox: 👉 https://www.ivoox.com/premium?affiliate-code=b4688a50868967db9ca413741a54cea5 📻 Producción y realización: Antonio Cruz 🎙️ Edición: Antena Historia 📡 Antena Historia forma parte del sello iVoox Originals 🌐 Visita nuestra web: https://antenahistoria.com 📺 YouTube: Podcast Antena Historia 📧 Correo: antenahistoria@gmail.com 📘 Facebook: Antena Historia Podcast 🐦 Twitter: @AntenaHistoria 💬 Telegram: https://t.me/foroantenahistoria 💰 Apoya el proyecto: Donaciones en PayPal 📢 ¿Quieres anunciarte en Antena Historia? Ofrecemos menciones, cuñas personalizadas y programas a medida. Más información en 👉 Antena Historia – AdVoices Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals
The JournalFeed podcast for the week of Jan 5-9, 2026.These are summaries from just 2 of the 5 articles we cover every week! For access to more, please visit JournalFeed.org for details about becoming a member.Wednesday's Spoon Feed:Older adults discharged from the ED with delirium had almost 3 times the risk of 30-day mortality compared to those discharged without delirium.Friday's Spoon Feed:This RCT of 100 patients with intermediate-high risk PE showed that mechanical thrombectomy plus anticoagulation was superior to anticoagulation alone in reducing RV/LV ratio and earlier normalization of vitals.
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: Best way to approach investors on LinkedIn, What jobs are AI-proof, Should I get multiple mentors at work 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
Book a call: https://remnantfinance.com/calendar ! Email us at info@remnantfinance.com !Visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance )Facebook: @remnantfinance (https://www.facebook.com/profile.php?id=61560694316588 )Twitter: @remnantfinance (https://x.com/remnantfinance )TikTok: @RemnantFinanceDon't forget to hit LIKE and SUBSCRIBEThis episode dives into the macroeconomic chaos of 2025. Hans breaks down the yen carry trade, quantitative easing, and why the 10-year Treasury isn't budging despite Fed rate cuts. Brian connects it back to what matters: how you position your family's finances when nobody knows what's coming next.The tension is real. On one hand, the debasement trade says go long equities—they're going to keep printing money and asset prices will rise. On the other hand, forward P/E ratios are at 23x, historically correlated with flat or negative real returns over the next decade. And then there's AI—a real time Black Swan breaking every economic model we thought we understood.Chapters:00:00 – Opening segment01:25 – 2025 macro overview: building resilience against all outcomes05:05 – Fed rate divergence: Japan raising while the US cuts06:55 – The yen carry trade explained10:30 – Quantitative easing: how the Fed creates money through primary dealers13:45 – The Cantillon effect and why Wall Street benefits first15:15 – Congress is the root cause, not the Fed17:05 – Why Austrian economists were partially wrong about 2008 QE19:30 – Will this round of QE hit faster?21:45 – The bond market is calling the Fed's bluff25:45 – The case for growth assets in an inflationary environment28:00 – Forward P/E at 23x: what the metric means34:05 – How forward P/E correlates with 10-year returns40:30 – Why you need both growth and guaranteed savings42:00 – The dual paths of wealth: protection and growth45:15 – The house fire story50:10 – AI as the wildcard disrupting all economic models53:05 – The slow-motion Black Swan we're living through56:45 – The 1994 email clip: we're there again with AI59:00 – Closing segmentKey Takeaways:Two Narratives, One Strategy: The inflation/debasement trade says buy growth assets. Elevated P/E ratios say expect flat returns. Both are valid—which is why you need exposure to both growth and guarantees.The Fed Isn't the Root Problem: Congress can't stop spending. The Fed enables it by monetizing debt through quantitative easing. Until spending stops, money printing won't stop.The Bond Market Doesn't Believe the Fed: Rate cuts should lower mortgage rates. They haven't. The 10-year Treasury is rising because bond buyers are pricing in continued inflation and fiscal recklessness.Forward P/E Matters: At 23x, historical data shows a strong correlation with flat inflation-adjusted returns over the next decade. That's not a prediction—it's a data point worth considering.AI Changes Everything (Maybe): What took 30 years of internet development now happens in 12 months with AI. It could accelerate productivity beyond anything we've measured—or it could be a bubble. Nobody knows. Plan accordingly.Book a call: https://remnantfinance.com/calendar ! The Fed just cut rates. Japan just raised theirs to a 30-year high. The bond market is calling the Fed's bluff. And Congress keeps maxing out credit cards while writing their own spending limit increases. What does this mean for your money—and how do you plan when the signals are screaming opposite things?The Dual Paths of Wealth: You're always walking two roads—protection and growth. Whole life insurance designed for IBC lets you do both simultaneously: guaranteed savings you can leverage into growth assets without abandoning either path.
Send us a textIn this exclusive billionaire fireside chat, Richard C. Wilson sits down with Grant Cardone to talk about cash, scale, real estate, and why he's now blending apartment cash flow with Bitcoin liquidity.From taking a $350M Boca Raton asset out of bankruptcy from Blackstone, to raising $1.8B+ in equity directly from investors instead of Wall Street, Grant walks through how he thinks about capital, risk, and building a portfolio designed to last decades.What you'll learn:
Civil Engineering Academy is turning 10 years old!
¡¡NUEVO PODCAST!!- Acuario Inbursa… “Cuatro crías de pingüinos Gentoo nacen en México” - Germán Pérez… Paseos Cuetzalan Haciendo Turismo Comunitario; Tlacotalpan Ciudad Patrimonio de la Humanidad. - Oscar García. Director de Gestocar… “Tramite de refrendo” Dra. Marilenca Bailey Jáuregui… Libro: “Psicoterapia y Espiritualidad: el camino de regreso” (Una Visión a partir de La Psicoterapia Humanista Corporal) -Cartelera Cinematográfica. José Antonio Valdés Peña.
Welcome to 2026. In this special New Year's episode of The Data Minute, Peter sits down with his colleague Ashley Neville from Carta's Insights Team to dissect the data that defined 2025 and forecast the trends shaping the year ahead.Ashley and Peter analyze the "haves and have nots" market where AI startups command a 40% valuation premium over their peers. They explain why solo founders now account for over a third of all new companies and how capital constraints are driving this shift.They also break down the changing landscape for startup employees, including why equity packages have dropped by 50% and why many departing workers are choosing not to exercise their options. Plus, they discuss the liquidity pressure facing VCs, the "Nvidia problem" for LPs, and what founders need to understand about the Safe market in 2026.Subscribe to Carta's weekly Data Minute newsletter: https://carta.com/subscribe/data-newsletter-sign-up/Explore interactive startup and VC data, with Carta's Data Desk: https://carta.com/data-desk/Chapters:01:14 – Ashley Neville joins the show 02:18 – Fundraising: A market of "Haves and Have Nots"03:47 – The 40% AI valuation premium06:00 – Why the bar for media coverage has skyrocketed07:34 – The surge of the Solo Founder (30% to 36%)10:00 – The concentration of startups in SF and SaaS11:17 – The new hiring reality: 10% leaner teams13:34 – Why employee equity packages are down 50%15:20 – Why employees are leaving options on the table18:43 – The "First Employee" equity bump21:10 – The need for better equity education24:02 – The liquidity crisis: IPOs vs. Staying Private28:05 – LP Psychology: Why invest in VC when you have Nvidia?29:39 – Companies staying private for 16-18 years32:10 – Fund Economics: VC vs. PE personal capital36:20 – The most common founder questions (Safes & Dilution)38:52 – OutroThis presentation contains general information only and eShares, Inc. dba Carta, Inc. (“Carta”) is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services, and is for informational purposes only. This presentation is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. © 2026 eShares, Inc., dba Carta, Inc. All rights reserved.
How will Medicare's telehealth back-and-forth – and new developments like the 10-year CMS ACCESS Model – reshape the investor playbook? Markus Bolsinger, co-head of Dechert's global private equity practice, joins Dechert partner Jennifer Hutchens and associate Brooke Meadowcroft to unpack shifts from pandemic-era expansion to the October 1, 2025 “telehealth cliff” and reinstatement through January 30, and what they mean for strategics and PE. They explore the convergence with DTC pharma and how digital-first infrastructure, data integration and safeguards can make telehealth the connective tissue between coverage and access to care.
In this episode of The Rainmaking Podcast, Scott Love sits down with Chad Dean, Managing Partner of Integrated Management Resources, to discuss how professionals can avoid common career pitfalls—and recover strategically when missteps occur. Drawing on nearly three decades of experience recruiting senior finance and accounting leaders, Chad emphasizes the importance of slowing down decision-making, understanding true motivations for change, and avoiding reactionary moves driven solely by compensation. He explains why culture, leadership trust, and long-term growth potential are far more reliable indicators of a successful career move than short-term financial gain, and why many professionals benefit from having a neutral sounding board before making major decisions. The conversation also explores how to navigate career setbacks, including short tenures, leadership mismatches, or ethical red flags, without derailing long-term credibility. Chad offers practical guidance on when it makes sense to exit a role quickly, how to frame career narratives with clarity and confidence, and why mentorship, networking, and disciplined self-care are essential for long-term career resilience. This episode provides thoughtful, grounded advice for professionals who want to manage their careers deliberately, minimize regret, and position themselves for sustained success—even in the face of uncertainty or change. Visit: https://therainmakingpodcast.com/ YouTube: https://youtu.be/R-EAamsckBQ ----------------------------------------
Prodcast: ПоиÑк работы в IT и переезд в СШÐ
Гость выпуска — Константин Вакуленко (Konstantin Vakulenko, PE), Professional Electrical Engineer в Continental Electrical Construction Co.Проектирует системы электроснабжения дата-центров, коммерческих и промышленных объектов.Инженер с 10+ годами опыта, который получил лицензию Professional Engineer за два года жизни и работы в США.Автор двух вирусных статей на VC.ru о трудоустройстве и лицензировании инженеров в Америке, вдохновивших сотни специалистов на переезд.В этом выпуске мы подробно разобрали карьерный путь инженера в США: переезд и легализацию, первый год без права на работу,временные способы заработка, поиск первой инженерной позиции, ошибки в резюме и на собеседованиях, адаптацию российского опытапод американские стандарты, работу с ATS-системами, переговоры о зарплате, гостинг со стороны работодателей и получение оферов.Отдельно обсудили экзамены и получение лицензии Professional Engineer, требования к образованию и опыту, а также влияние лицензиина карьерные перспективы и интерес рекрутеров.LinkedIn:https://www.linkedin.com/in/konstantin-vakulenko-pe-74915b185/Статьи Константина:Как я устроился работать инженером в США:https://vc.ru/hr/1015625-kak-ya-ustroilsya-rabotat-inzhenerom-v-sshaКак получить лицензию Professional Engineer в США и зарабатывать от $100k/год:https://vc.ru/hr/1829662-kak-poluchit-licenziyu-professional-engineer-v-ssha-i-zarabatyvat-ot-100k-godЖизнь и работа инженер-электрика в США: мой опытhttps://www.linkedin.com/feed/update/urn:li:ugcPost:7367019216496914433/Темы, упомянутые в видео:Как продакт-менеджеру получить оффер в Amazon в США? Михаил Кочневhttps://youtu.be/0Ykfu-n6aUsЗаписаться на карьерную консультацию (резюме, LinkedIn, карьерная стратегия, поиск работы в США)https://annanaumova.comКоучинг (синдром самозванца, прокрастинация, неуверенность в себе, страхи, лень)https://annanaumova.notion.site/3f6ea5ce89694c93afb1156df3c903abТелеграм https://t.me/prodcastUSAИнстаграм https://www.instagram.com/prodcast.usТикТок https://www.tiktok.com/@us.job⏰ Timecodes ⏰00:00 Начало10:24 Почему после переезда работал на доставке машин?17:19 С чего начал искать инженерную работу в США?20:41 Покажи свое первое резюме. Что в нем было не так?27:52 Как изменилось твое резюме?29:54 Про первое собеседование в русскоговорящей компании33:25 Какие главные отличия между российской и американской инженерией?40:47 150 откликов, 47 собеседований за 2 месяца. Как ты морально это пережил?45:22 Что такое "гостинг" от работодателей? Как ты с этим справлялся?48:20 На собеседовании сказали: "У вас 8 лет опыта, но вы просите зарплату выпускника"52:32 Что ты потом поменял в стратегии и резюме?54:46 Ты получил два оффера одновременно. Как выбирал между ними?59:42 Как ты презентовал российский опыт в США?1:01:51 Как получил второй оффер который принял? И почему уволился?1:07:49 Про PE лицензию (Professional Engineer). Сколько стоила по времени и деньгам1:18:13 Ты написал две статьи на VC.ru. Какая была реакция?1:20:57 Какие планы на будущее?1:25:20 Какие 3 главных совета ты дашь российским инженерам-электрикам, которые хотят работать в США?
La mulți ani, prieteni" Un an liniștit, cu bucurii și sens. Ne-am dorit de mult această întâlnire și ne bucurăm că a venit acum, la început de an: o conversație cu istoricul Stejărel Olaru despre cărți, arhivele Securității, blocajele scrisului și firele de poveste care duc spre Nadia Comăneci, Sergiu Celibidache și Maria Tănase. Episodul merge mai departe cu o prezență rară: Marina Minoiu, fostă balerină și coordonatoarea uneia dintre cele mai spectaculoase gale de balet, care va avea loc în februarie. Pe parcurs, recomandări de carte, amintiri, râsete și, inevitabil, povești despre mâncare. 00:01:36:05 -Începem anul cu râsete și multe dulciuri, cu și fără zahăr. Glumim pe seama „arestării" colegului Radu, povestim despre seara cu cartofi prăjiți promiși de Alex Bogdan, despre autostrăzi… dar nu dintre ale noastre. Nu lipsesc nici întâmplarea cu Radu, în rol de străjer al limbii române, și ecourile postării sale din social media. 00:37:01:20 - Stejărel Olaru. Arhive, cercetări, volume ale Securității 02:07:00:00 - Spuma Filelor vine cu Eliza Clark - Penitență, Tudor Giurgiu - Mănăstirile închinate din Țara Românească și Moldova, Almudena Grandes - Pacienții doctorului Garcia 02:27:41:23 - Marina Minoiu, Ballet Coordinator la Teatrul Național de Operetă și Musical ,,Ion Dacian'', organizator Gala Internațională de Balet „Balanchine's Legacy" 03:00:07:11 - Oale, ulcele și tigăi pline cu… cartofi prăjiți a la Alex Bogdan (povestea lor a început episodul trecut… pentru cine nu l-a văzut)
The St. Paul Center's daily scripture reflections from the Mass for the Wednesday after Epiphany by Dr. John Bergsma. Christmas Weekday/ Raymond of Peñafort, Priest First Reading: First John 4: 11-18 Responsorial Psalm: Psalms 72: 1-2, 10, 12-13 Alleluia: First Timothy 3: 16 Gospel: Mark 6: 45-52 Learn more about the Mass at www.stpaulcenter.com If you've been wanting to grow in your knowledge of sacred Scripture or learn how to share God's Word with others, check out Dr. John Bergsma's weekly show, The Word of the Lord, where Dr. Bergsma unpacks the Sunday mass readings and carefully guides the faithful to a deeper understanding of salvation history. Sign up for your 30-day free trial today at stpaulcenter.com/memberships
From a lumpy 2025 market to building pent-up demand, M&A attorneys Corey Kupfer and Brian Meegan share their frontline perspective on deal trends and what business owners need to know heading into 2026. In this episode of the DealQuest Podcast, host Corey Kupfer sits down with his partner Brian Meegan of Kupfer. to kick off the new year with a candid conversation about the deal market. Together, they've handled dozens of deals totaling hundreds of millions of dollars in purchase price and enterprise value across wealth management, tech, and trade industries nationwide. WHAT YOU'LL LEARN: In this episode, you'll discover why the 2025 M&A market has been "lumpy" with strong activity in certain sectors while others slowed, and how markets normalize uncertainty when clarity takes too long. Corey and Brian discuss tax legislation certainty versus tariff uncertainty pending Supreme Court review, why pent-up demand builds pressure that eventually releases, and how massive PE dry powder creates deployment urgency. You'll learn why equitizing Generation 2 leadership years before an exit improves options and valuation, how trade industries remain attractive due to AI resistance, and what regional differences mean for deal opportunities. DEAL MARKET REALITY: The end of 2024 was intense, and momentum carried into 2025. Yet conversations with colleagues revealed uneven activity nationwide. Wealth management stayed robust while other sectors slowed. Weaker earnings combined with elevated prices created buyer-seller disconnects. CERTAINTY AND UNCERTAINTY: Markets crave predictability. Recent tax legislation provided clarity around R&D credits and SALT deductions. Tariff policy remains uncertain with potential Supreme Court review, creating productivity costs as companies refigure supply chains. PENT-UP DEMAND: When natural deal flow gets suppressed, it builds pressure rather than disappearing. PE firms sit on enormous capital with fund timeline pressures. Money isn't the constraint. Finding opportunities and having clarity to proceed are the real bottlenecks. THE GEN 2 IMPERATIVE: Equitizing key executives years before a potential exit creates tax-efficient structures, makes companies more attractive to buyers, and gives acquirers confidence. Waiting until deal time limits options and hurts valuation. REGIONAL DIFFERENCES: Brian's Denver practice serves different markets than Corey's coastal work. Colorado features strong tech sectors and alternative energy with California migration. Heavy manufacturing concentrates in Arizona and Nevada. TRADE CONSOLIDATION: Professionalization of trades including plumbing, electrical, and HVAC continues after more than a decade. These industries resist AI disruption, making them attractive for stable revenue and consistent fundamentals. Perfect for business owners considering exits, entrepreneurs evaluating opportunities, and anyone wanting frontline perspective on current M&A conditions. FOR MORE ON THIS EPISODE: https://www.coreykupfer.com/blog/brianmeegan2026 FOR MORE ON BRIAN MEEGAN: https://www.kupferlaw.com/ https://www.linkedin.com/in/brian-meegan/ FOR MORE ON COREY KUPFER https://www.linkedin.com/in/coreykupfer/ https://www.coreykupfer.com/ Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. Get deal-ready with the DealQuest Podcast with Corey Kupfer, where like-minded entrepreneurs and business leaders converge, share insights and challenges, and success stories. Equip yourself with the tools, resources, and support necessary to navigate the complex yet rewarding world of dealmaking. Dive into the world of deal-driven growth today! Episode Highlights with Timestamps [00:00] - Introduction: Kicking off 2026 with partner Brian Meegan [02:00] - Why the M&A market has been "lumpy" across sectors [04:00] - Tax policy certainty after major legislation passed [08:00] - 2026 outlook and pent-up demand building pressure [13:00] - Appreciation for DealQuest listeners and clients [16:00] - The importance of equitizing Generation 2 leadership [18:00] - Tax efficiency and planning equity participation early [22:00] - Heavy manufacturing trends in Arizona and Nevada[28:00] - Optimism for 2026 and where opportunities exist Guest Bio:Brian Meegan is a partner at Kupfer., bringing extensive transactional experience from his Denver-based practice. Brian specializes in M&A transactions and complex deal structures across tech, natural resources, and professional services. His Colorado practice provides unique perspective on regional market dynamics outside traditional coastal centers. Host Bio:Corey Kupfer is an expert strategist, negotiator, and dealmaker with more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker deeply passionate about deal-driven growth. He is the creator and host of the DealQuest Podcast. Show Description: Do you want your business to grow faster? The DealQuest Podcast with Corey Kupfer reveals how successful entrepreneurs and business leaders use strategic deals to accelerate growth. From large mergers and acquisitions to capital raising, joint ventures, strategic alliances, real estate deals, and more, this show discusses the full spectrum of deal-driven growth strategies. Related Episodes: Episode 331 - M&A Market Outlook for 2025 with Corey Kupfer: Predictions and survey data about M&A activity expectations. Episode 339 - Why Your Gen 2 Matters in M&A with Corey Kupfer: Succession planning and how next-generation leadership affects deal value. Episode 350 - Building Wealth Through Rental Properties with Tom Dillon: The "sweaty startups" concept and trade industry consolidation. Episode 335 - Sovereign Wealth Funds and the Future of Investment Advisory Deals with Corey Kupfer: New capital sources entering wealth management M&A. Episode 330 - From Operator to Owner with Pete Mohr: Business freedom and reducing owner involvement while maintaining value. Episode 206 - Should Uncertainties in the Market Impact Your Deal-Making? with Corey Kupfer: How external factors should influence deal decisions. Social Media: Follow DealQuest Podcast: LinkedIn: https://www.linkedin.com/in/coreykupfer/ Website: https://www.coreykupfer.com/ Follow Brian Meegan: https://www.kupferlaw.com/ Keywords/Tags: M&A market outlook 2026, deal trends, private equity dry powder, pent-up demand, tariff uncertainty, trade consolidation, equitizing employees, succession planning, wealth management M&A, Gen 2 leadership, tax policy certainty, interest rates, regional deal markets, Colorado tech sector, entrepreneurship, business growth strategies, dealmaking, exit planning, capital deployment, fund timelines
Utah AD Mark Harlan talks PE, NIL & facilities, KKR acquires Arctos, Ohio State x Learfield extension coming and more.We would love to know what you think of the show and you can let us know on social media @D1ticker.If you are not subscribed to D1.ticker, you can and should subscribe at www.d1ticker.com/.
Have you ever heard of a saint by the name of Raymond of Peñafort? He was a Dominican priest who lived about 800 years ago and is referred to as the "Father of Canon Law". Hear more about him on today's reflection from Fr. Kubicki.
Send us a textThe spark wasn't love at first stride. Tayler Tuttle Peavey once hated running, chose softball, and struggled through PE miles—then found a coach who spoke the language of physiology and a path that led from Georgia to Colorado and, ultimately, to USATF national titles on the trails. We sit down to unpack how a hip labrum surgery, a health-first rebuild, and a sustainable coaching approach turned doubt into momentum and a breakout 2025.Tayler takes us inside the pivotal transfer from Georgia to CU Boulder, the up-and-down college years, and the moment she realized roads weren't the only way forward. She traces her first steps into trail racing—second at the Moab Trail Half after two years without a start—then the return to win Moab, a Twisted Fork statement, and a USATF 50K crown on runnable terrain that matched her strengths. We dig into Broken Arrow's shortened VK, the chaos of mass starts, and the strategic lessons she can't wait to apply when she lines up for the 23K.Training with David and Megan Roche, Taylor's blueprint centers on durability: weekly rest days, individualized intensity, and a mix of track, road, and trail sessions to keep speed sharp while building technical skill. She shares how she uses heart rate as a guide rather than a governor, why cross-training tools like Zwift, the elliptical, and stairs are staples, and how she keeps winter work efficient without unnecessary risk. Looking ahead, she's targeting the two-to-three-hour sweet spot—30K mountain races, Broken Arrow 23K, and a potential Golden Trail schedule—while staying selective with travel and open to the right sponsorship fit as she moves full time into the sport.We also talk bigger picture: how short trail can grow by inviting mass participation at accessible distances, why community and media coverage matter, and how the rising wave of D1 talent is raising the competitive bar. If you care about the future of mountain, trail, and sub-ultra racing—and the mindset it takes to thrive—this conversation delivers both inspiration and a practical playbook.Enjoyed the conversation? Subscribe, share with a friend, and leave a quick review so more listeners can discover the show.Follow Tayler on IG - @taylerwithlimeFollow James on IG - @jameslauriello Follow the Steep Stuff Podcast on IG - @steepstuff_pod
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured Sprinkles — the original viral cupcake shop — is gone. Stores closed. Vending machines shut down. And no, this wasn't a “market failure.”In this episode, we break down:• How private equity hollowed out Sprinkles and walked away• Why leveraged buyouts destroy otherwise healthy businesses• How debt gets dumped onto companies until they collapse• Why doctors, HVAC firms, schools, and advisors hate life after PE buyouts• How absurd valuations only work if there's a bigger sucker later• Why this isn't capitalism — it's financial cannibalism• How private equity is reshaping wealth management (and not for the better)And why mom-and-pop businesses are the comeback story no one sees coming!
The St. Paul Center's daily scripture reflections from the Mass for the Wednesday after Epiphany by Dr. John Bergsma. Christmas Weekday/ Raymond of Peñafort, Priest First Reading: First John 4: 11-18 Responsorial Psalm: Psalms 72: 1-2, 10, 12-13 Alleluia: First Timothy 3: 16 Gospel: Mark 6: 45-52 Learn more about the Mass at www.stpaulcenter.com If you've been wanting to grow in your knowledge of sacred Scripture or learn how to share God's Word with others, check out Dr. John Bergsma's weekly show, The Word of the Lord, where Dr. Bergsma unpacks the Sunday mass readings and carefully guides the faithful to a deeper understanding of salvation history. Sign up for your 30-day free trial today at stpaulcenter.com/memberships
SHOW 1-5-26 THE SHOW BEGINS IN DOUBTS ABOUT VENEZUELA, NIGERIA, SYRIA, RUSSIA, CHINA 1936 KENYA 1. NIGERIA AIRSTRIKE AND THE JIHADIST SHIFT Guest: Edmund Fitton-Brown Edmund Fitton-Brown analyzes a US airstrike against ISIS in Nigeria, discussing the growing jihadist threat in West Africa's "ungoverned spaces." He highlights a strategic shift where African juntas reject Western support for Russian mercenaries, who offer security without governance conditions, inadvertently boosting local support for Al-Qaeda coalitions like JNIM,,. 2. EASTERN MEDITERRANEAN ALLIANCE VS. TURKEY Guest: Edmund Fitton-Brown Fitton-Brown examines the cooperation between Greece, Cyprus, and Israel as a necessary pushback against Turkish President Erdogan's neo-Ottoman expansionism. He argues Erdogan's aggressive rhetoric regarding Jerusalem and maritime claims threatens regional stability, necessitating a unified defense from these democracies to counter Turkish overreach in the Mediterranean,. 3. CHINA'S OIL LOSS IN VENEZUELA Guest: Gordon Chang and Charles Burton The guests discuss how the US removal of Maduro disrupts China's oil supply, leaving Beijing with billions in unpaid debt. They note that Chinese military equipment failed to detect the US operation, embarrassing Beijing. Burton suggests Canada faces a difficult choice between aligning with US hemispheric security or appeasing China,,. 4. 2026: A HOLLOW SUPERPOWER Guest: Gordon Chang and Charles Burton Chang and Burton speculate that the US operation in Venezuela exposes China's inability to protect its allies, making Beijing appear "hollow." Chang argues this weakens China's threat against Taiwan, while Burton suggests that with China's economy failing and its allies collapsing, the regime faces internal instability and a loss of global prestige,. 5. SECTARIAN WARFARE IN SYRIA Guest: Akmed Sharawari Akmed Sharawari reports on escalating violence between Syria's Alawite minority and the central government led by former jihadist Al-Shara. He explains that regime remnants and Russian influence are fueling Alawite defiance, while Druze and Kurdish factions also resist integration, complicating US hopes for a stable, unified post-Assad state,,. 6. WESTERN AIRSTRIKES ON ISIS Guest: Akmed Sharawari Sharawari discusses recent British and French airstrikes against ISIS weapons caches in Syria. He notes that despite opposing the central government, ISIS remains a universal threat. The chaos following the Assad regime's fall has allowed ISIS cells to regroup in urban areas, necessitating Western intervention to destroy their stolen arsenals,. 7. HEZBOLLAH'S LATIN AMERICAN FINANCING Guest: David Daoud David Daoud details Hezbollah's deep entrenchment in Venezuela, used to challenge US hegemony. He explains how the group exploits Latin American networks, illicit trade, and legitimate business fronts within expatriate communities to generate essential funding, compensating for losses in Lebanon and serving Iran's broader strategy in the Western Hemisphere,. 8. LEBANESE ARMY COLLUSION Guest: David Daoud Daoud highlights the compromised nature of the Lebanese Armed Forces (LAF), citing a recent incident where an LAF soldier killed alongside Hezbollah members received a joint funeral. He argues this collusion makes the LAF an untrustworthy partner for Israel, as sectarian loyalties often supersede national duty, leading to dangerous intelligence leaks,. 9. THE FALL OF MADURO Guest: Alejandro Peña Esclusa and Ernesto Araújo Alejandro Peña Esclusa celebrates the swift US capture of Maduro as Venezuela's liberation. He argues Vice President Delcy Rodriguez must now dismantle the "Cartel of the Suns" to avoid Maduro's fate. Ernesto Araújo frames this as a decisive victory for freedom, forcing a choice between democracy and criminal syndicates,,. 10. US DEMANDS: TERRORISTS OUT Guest: Alejandro Peña Esclusa Peña Esclusa supports US demands for Iran, Hezbollah, and the ELN to be expelled from Venezuela, asserting the population shares these desires. He characterizes Maduro as a drug lord and a threat to Western security, criticizing European leftists who condemn the operation for failing to recognize the regime's criminal nature. 11. PANIC AMONG THE LATIN LEFT Guest: Alejandro Peña Esclusa and Ernesto Araújo Ernesto Araújo explains that leftist leaders like Lula and Petro fear the US action against Maduro because their power structures share similar corruption. Peña Esclusa adds that Colombian President Petro is terrified because his campaign was funded by Venezuelan drug money, making him vulnerable to the exposure of these secrets,. 12. THE RIGHTWARD SHIFT IN ELECTIONS Guest: Alejandro Peña Esclusa and Ernesto Araújo Araújo predicts the US action in Venezuela will energize the Latin American right, specifically boosting the Bolsonaro movement in Brazil. Peña Esclusa forecasts electoral defeats for the left in Costa Rica, Peru, and Colombia, arguing the region is turning away from narco-socialism toward US-aligned conservative leadership,. 13. RUSSIA'S MAXIMALIST DEMANDS Guest: John Hardie John Hardie outlines Russia's unyielding demands for peace, including territorial concessions and barring Ukraine from NATO. He notes that while Zelensky is nearing agreement with the West on security guarantees, the gap with Russia remains wide. Hardie urges the Trump administration to increase pressure to force Putin to compromise,. 14. THE IMPOSSIBLE DMZ Guest: John Hardie Hardie discusses the complexities of implementing a demilitarized zone (DMZ) in Ukraine, citing disagreements over sovereignty and administration. Regarding the Zaporizhzhia nuclear plant, he notes Russia is unlikely to return control to Ukraine. He concludes that peace deals requiring Ukraine to cede territory are "poison pills" likely to fail,. 15. HAMAS AND THE IMPOSSIBLE RECONSTRUCTION Guest: Peter Berkowitz Peter Berkowitz argues that Hamas, as a Muslim Brotherhood offshoot, remains committed to Israel's destruction, making peace impossible. He criticizes the "Project Sunrise" reconstruction plan, noting that US-led development is futile without first disarming and deradicalizing Gaza, a task only the IDF can currently achieve given Hamas's refusal to surrender,. 16. IRAN ON THE BRINK Guest: Jonathan Sia Jonathan Sia reports on unprecedented Iranian protests and rumors that Ayatollah Khamenei plans to flee to Moscow. He attributes the regime's panic to the recent fall of allies like Maduro. Sia notes a shift in protester sentiment toward pro-monarchy chants, suggesting a coordinated opposition now exists to replace the theocracy,.
US DEMANDS: TERRORISTS OUT Colleague Alejandro Peña Esclusa. Peña Esclusa supports US demands for Iran, Hezbollah, and the ELN to be expelled from Venezuela, asserting the population shares these desires. He characterizes Maduro as a drug lord and a threat to Western security, criticizing European leftists who condemn the operation for failing to recognize the regime's criminal nature. NUMBER 10 1886 BOGOTA
PANIC AMONG THE LATIN LEFT Colleagues Alejandro Peña Esclusa and Ernesto Araújo. Ernesto Araújoexplains that leftist leaders like Lula and Petro fear the US action against Maduro because their power structures share similar corruption. Peña Esclusa adds that Colombian President Petro is terrified because his campaign was funded by Venezuelan drug money, making him vulnerable to the exposure of these secrets. NUMBER 11 1910 BRAZIL NATIONAL LIBRARY
THE RIGHTWARD SHIFT IN ELECTIONS Colleagues Alejandro Peña Esclusa and Ernesto Araújo. Araújopredicts the US action in Venezuela will energize the Latin American right, specifically boosting the Bolsonaromovement in Brazil. Peña Esclusa forecasts electoral defeats for the left in Costa Rica, Peru, and Colombia, arguing the region is turning away from narco-socialism toward US-aligned conservative leadership. NUMBER 12 1956 BRAZIL
Full Text of Readings The Saint of the day is Saint Raymond of Peñafort Saint Raymond of Peñafort's Story Since Saint Raymond of Peñafort lived into his hundredth year, he had a chance to do many things. As a member of the Spanish nobility, he had the resources and the education to get a good start in life. By the time he was 20, he was teaching philosophy. In his early 30s he earned a doctorate in both canon and civil law. At 41 he became a Dominican. Pope Gregory IX called him to Rome to work for him and to be his confessor. One of the things the pope asked him to do was to gather together all the decrees of popes and councils that had been made in 80 years since a similar collection by Gratian. Raymond compiled five books called the Decretals. They were looked upon as one of the best organized collections of Church law until the 1917 codification of canon law. Earlier, Saint Raymond of Peñafort had written for confessors a book of cases. It was called Summa de Casibus Poenitentiae. More than simply a list of sins and penances, it discussed pertinent doctrines and laws of the Church that pertained to the problem or case brought to the confessor. At the age of 60, Raymond was appointed archbishop of Tarragona, the capital of Aragon. He didn't like the honor at all and ended up getting sick and resigning in two years. He didn't get to enjoy his peace long, however, because when he was 63 he was elected by his fellow Dominicans to be the head of the whole Order, the successor of Saint Dominic. Raymond worked hard, visited on foot all the Dominicans, reorganized their constitutions and managed to put through a provision that a master general be allowed to resign. When the new constitutions were accepted, Raymond, then 65, resigned. He still had 35 years to oppose heresy and work for the conversion of the Moors in Spain. He convinced Saint Thomas Aquinas to write his work Against the Gentiles. In his 100th year, the Lord let Raymond retire. Reflection Raymond was a lawyer, a canonist. Legalism can suck the life out of genuine religion if it becomes too great a preoccupation with the letter of the law to the neglect of the spirit and purpose of the law. The law can become an end in itself, so that the value the law was intended to promote is overlooked. But we must guard against going to the opposite extreme and seeing law as useless or something to be lightly regarded. Laws ideally state those things that are for the best interests of everyone and make sure the rights of all are safeguarded. From Raymond, we can learn a respect for law as a means of serving the common good.Saint of the Day, Copyright Franciscan Media
In this episode of The Passive House Podcast, co-host Mary James discuss Passive House practices with James Petersen, founder of Petersen Engineering. The episode focuses on domestic hot water systems and their electrification, particularly in the context of Passive House standards. Petersen explains the challenges with current technologies, options for heat recovery, and the impact of location-specific energy costs. The conversation covers specific techniques such as solar thermal, drain water heat recovery, and the importance of accurate data for system sizing. Despite the cost challenges, clients are moving towards electrification due to regulations and environmental motivations. https://www.petersenengineering.com/Join James on January 14th 2026: https://passivehouseaccelerator.com/events/101-domestic-hot-water-multifamily?date=2026-01-14James Petersen, PE, is Owner and Principal of Petersen Engineering, an 18-person MEP/FP firm, with over four decades of experience designing integrated building mechanical systems. He brings a holistic approach that combines MEP design, building science, and enclosure coordination, and has served as principal-in-charge on more than 70 large Passive House projects. James currently volunteers as President of Passive House Mass and serves on the HCA Portsmouth Hospital Board of Directors.Thank you for listening to the Passive House Podcast! To learn more about Passive House and to stay abreast of our latest programming, visit passivehouseaccelerator.com. And please join us at one of our Passive House Accelerator LIVE! zoom gatherings on Wednesdays.
Donara Jaghinyan – Transformation and Integration Leader Donara joins us to pull back the curtain on why integrations break—and what it actually takes to make them work. With deep experience across healthcare, SaaS, professional services, and financial services in both public and PE-backed environments, Donara has led diligence, post-close integration, TSA execution, and enterprise system implementations. This episode tackles the hard truths about carve-outs, TSA management, day-one readiness, and the cross-functional dependencies that most teams miss until it's too late. If you've ever wondered why integration timelines slip or costs balloon, this conversation delivers the answers. Things you will learn: Why TSAs aren't contracts, they're projects with hard deadlines, cost escalations, and integration dependencies that functional teams consistently underestimate The hidden complexity of carve-outs and how scope, vendor negotiations, and people gaps create surprises even with solid diligence How Integration Management Offices (IMOs) orchestrate cross-functional dependencies that functional leads can't see _____________
Pulmonary embolisms don't always announce themselves... sometimes they ambush. One minute your patient is walking with physical therapy, the next they're hypotensive, hypoxic, and coding. This re-released early episode dives deep into why PE patients can look deceptively stable… right up until they aren't.In this episode, I revisit one of my earliest case-based teachings on pulmonary embolism, updated with an added segment on vasopressin use in obstructive shock from PE. Through real bedside stories from my time as a rapid response and ER nurse, we break down the physiology behind PE-related collapse, why intubation isn't always the answer, and how to think through management when the right ventricle is failing in front of you. This is a sobering but essential refresher on one of the most dangerous diagnoses we encounter.Topics discussed in this episode:Why pulmonary embolism is a common cause of in-hospital cardiac arrest (even if it's not common overall)Classic and subtle PE presentations and why they're often missedA real-time rapid response case: stable to crashing in minutesRisk factors for PE and the anticoagulation double-edged swordObstructive shock explained: what's actually killing the patientRight ventricular failure, septal bowing, and the spiral of deathWhy intubation can worsen outcomes in massive PEVasopressors in PE: norepinephrine, epinephrine, and vasopressinThe unique benefits of vasopressin in obstructive shockThrombolysis vs. thrombectomy: when TPA helps — and when it's deadlyBedside echo findings that point to massive PEWhy PE patients can crash during transport (and what to always bring)Nursing vigilance, rapid escalation, and activating help earlyWhen perfect care still isn't enough and the heart of nursing in end-of-life momentsMentioned in this episode:CONNECT
My eyesight has apparently the humidity of my eyeballs has changed overnight. Meanwhile Daniel is making fun of the class I took in college to fulfill my PE requirement. We take a detour into Greek life and what if the key to being social is just being more social? We discuss bats versus mice and I learn my fish dreams are not uncommon in the aquarium community. Plus your calls and more. Plus we did a round of JMOE, HGFY and Podcast Pals Product Picks. Get yourself some new ARIYNBF merch here: https://alison-rosen-shop.fourthwall.com/ Subscribe to my Substack: http://alisonrosen.substack.com Podcast Palz Product Picks: https://www.amazon.com/shop/alisonrosen/list/2CS1QRYTRP6ER?ref_=cm_sw_r_cp_ud_aipsflist_aipsfalisonrosen_0K0AJFYP84PF1Z61QW2H Products I Use/Recommend/Love: http://amazon.com/shop/alisonrosen Check us out on Patreon: http://patreon.com/alisonrosen Buy Alison's Fifth Anniversary Edition Book (with new material): Tropical Attire Encouraged (and Other Phrases That Scare Me) https://amzn.to/2JuOqcd You probably need to buy the HGFY ringtone! https://www.alisonrosen.com/store/ Try Amazon Prime Free 30 Day Trial
Ben Lindbergh talks to two pitchers who topped out at Triple-A in 2025, which was a demotion for one and a promotion for the other. First, he brings back Rangers pitcher Declan Cronin, the only major leaguer alum of Ben’s high school, to discuss a setback of a season that included a mysterious hip injury, compromised mechanics, diminished stuff, a cutthroat release and, finally, Tommy John surgery. Along the way, they cover the urge to play through injuries, joining the Rangers after being unceremoniously jettisoned by the Marlins, what tearing a UCL feels like, the incentives that lead to elbow problems, Declan’s plan to bounce back from a challenging year, MLB-NWSL romances, and competing with other players for wedding dates. Then (1:05:45), Ben talks to White Sox pitcher/sportswriter Duncan Davitt about becoming a journalist on the side, being on both ends of interviews, being blacked out of baseball broadcasts, the plight and importance of local media, his deceptive delivery, being traded and making a 40-man for the first time, what he has to do to earn a call-up, whether pitchers wear protective cups, and much more. Audio intro: Ian Phillips, “Effectively Wild Theme” Audio outro: Jonathan Crymes, “Effectively Wild Theme 2” Link to “TK” journalism term Link to MLBTR on Soderstrom Link to Regis High School wiki Link to Declan’s first pod appearance Link to Declan’s second pod appearance Link to article about baseball weddings Link to Declan t-shirt Link to MLBTR on Declan’s TJ Link to list of TJ surgeries Link to cascade injury article Link to MLBTR on Declan’s deal Link to team RP WPA Link to team RP WAR Link to staff page at Tread Link to Tyler Zombro wiki Link to Paige Monaghan wiki Link to Paige’s wedding post Link to Dansby/Mallory article Link to Peña/Grosso engagement Link to Duncan strikeout reel Link to Register feature on Duncan Link to Sox Machine feature on Duncan Link to Duncan’s wedding post Link to Rays prospect ranking Link to traded prospects ranking Link to minor league IP leaders Link to Ben on deception Link to Indianola IA website Link to Indianola wiki Link to J.D. Scholten appearance Link to Indianola IA sports page Link to Duncan’s boys’ basketball article Link to Duncan’s girls’ basketball article Link to Duncan on the offseason Link to Duncan on the trade Link to Duncan on the 40-man Link to Duncan on Triple-A Link to Duncan on big league belief Link to Laurila’s notes column Link to Ben on the gap in 2025 Link to Ben on the gap in 2015 Link to Davenport on the gap Link to MLB.com on Abbott Elementary Link to Schwarber’s 4-HR game Link to MLB survey question Sponsor Us on Patreon Give a Gift Subscription Email Us: podcast@fangraphs.com Effectively Wild Subreddit Effectively Wild Wiki Apple Podcasts Feed Spotify Feed YouTube Playlist Facebook Group Bluesky Account Twitter Account Get Our Merch! var SERVER_DATA = Object.assign(SERVER_DATA || {}); Source