Podcasts about Permanence

Vous êtes victime de discrimination ou de racisme ? Saviez vous qu'Asiattitudes vous propose une permanence juridique ?Dans cet épisode d'Aventtitudes, Alice présente la permanence juridique d'Asiattitudes.Un dispositif pensé pour lutter concrètement contre le racisme et les discriminations,et faciliter l'accès aux droits pour les personnes asiodescendantes en France.Faire valoir ses droits reste difficile, surtout quand on a l'impression que les démarches sont inaccessibles, qu'on n'a pas les bons mots, ou qu'on est seul·e.Alice explique le fonctionnement de la permanence, et les raisons qui ont poussé l'association à mettre en place ce nouveau dispositif.

Chief Growth Officer, Maggie Seidel from Finseca gives the insider information on what Washington DC is doing right now in the world of finance and life insurance. What is Finseca doing to defend life insurance and agents from over regulation and tax threats. 00:00 Intro 00:52 Maggie Seidel & Finseca's Mission 03:44 Finseca's Structure and Approach 06:08 Addressing Threats 06:40 Analogy of Financial Professionals' Evolution 08:09 Pushback Against Financial Regulation and the Fiduciary Standard 09:58 Tax Code Changes and Finseca's Response 11:09 Permanence on 199A 14:02 Finseca's Approach When It Comes To Debt 19:05 Finseca's Opinion on Fiduciaries 20:49 Ernst & Young Study 26:37 What is Finseca Looking Forward To? 32:29 Finseca's Approach to the People on the Internet? 36:37 Final Thoughts Want to Join Finseca? Click Here: https://www.finseca.org/Join Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault ______________________________________________ Learn More About BetterWealth: https://betterwealth.com ==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

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/

In a world of misinformation and deep fakes, an entrepreneur who is selling based on trust is a beacon of light. Dan Sullivan and Gord Vickman let entrepreneurs in on a timeless system for becoming a source of truth. Show Notes: In every interaction, part of the human brain is quietly assessing whether someone can be trusted. At its core, marketing is about presenting something that feels credible and valuable enough for people to quickly say yes. The more self-awareness you have, the easier it becomes to understand others and relate to them. Trust matters because it creates predictability. When we trust, we can better anticipate outcomes and decisions. Our sense of knowledge is built from countless small facts that gradually come together into a larger understanding. With the rise of deepfakes, we can no longer rely on our senses the way we once did—seeing is no longer believing. A simple rule that always holds: create value before you ask for anything in return. Education doesn't stop at school. Life continuously adds new layers to who you are as a unique individual. The most important story you tell is the one about yourself. It's through how you act, react, and show up in different situations. Resources: Primal Intelligence by Angus Fletcher

durée : 00:08:59 - L'invité de 7h50 - par : Benjamin Duhamel - Bertrand Venteau, éleveur et président de la Coordination rurale, est notre invité alors que la mobilisation des agriculteurs contre la gestion de l'épidémie de dermatose et la signature du traité européen avec le Mercorsur est toujours importante. Vous aimez ce podcast ? Pour écouter tous les autres épisodes sans limite, rendez-vous sur Radio France.

We're here to celebrate the release of Dr. Matache's new book, The Permanence of Anti-Roma Racism (Un)uttered Sentences.Dr. Margareta (Magda) Matache is a Lecturer on Social and Behavioral Sciences at the Harvard T.H. Chan School of Public Health and the co-founder and Director of the Roma Program at the FXB Center for Health and Human Rights, Harvard University. She is also a member of the Lancet Commission on Racism, Structural Discrimination and Global Health.Dr. Matache's research focuses on the manifestations and impacts of racism and other systems of oppression in different geographical and political contexts. Her research examines structural and social determinants of health, and their nexus with the historical past and contemporary public policies, with a particular focus on anti-Roma racism.You can find more information here: https://fxb.harvard.edu/blog/directory/margareta-matache/Romani crushes are:Angela Kocze Sebi FejzulaCayetano Fernandez Dezso MateIoanida CostacheAlba Hernández Sánchez Carmen GheorgheMaria DumitruAldessa LincanPapuszaKatarina TaikonMateo MaximoffÁgnes DarócziNicolae GheorgheAndrzej MirgaNicoleta BituRoma Armee Lindy Larsen Giuviplen Theater Mihaela Dragan Zita Moldovan You can book 1:1 readings with Jez at jezminavonthiele.com, and book readings and holistic healing sessions with Paulina at romaniholistic.com.Thank you for listening to Romanistan podcast.You can find us on Instagram, TikTok, BlueSky, and Facebook @romanistanpodcast, and on Twitter @romanistanpod. To support us, Join our Patreon for extra content or donate to Ko-fi.com/romanistan, and please rate, review, and subscribe. It helps us so much. Follow Jez on Instagram @jezmina.vonthiele & Paulina @romaniholistic. You can get our book Secrets of Romani Fortune Telling, online or wherever books are sold. If you love it, please give us 5 stars on Amazon & Goodreads. Visit https://romanistanpodcast.com for events, educational resources, merch, and more. Email us at romanistanpodcast@gmail.com for inquiries. Romanistan is hosted by Jezmina Von Thiele and Paulina StevensConceived of by Paulina StevensEdited by Viktor Pachas, Bianca, Dia LunaMusic by Viktor PachasArtwork by Elijah VardoSupport the show

Permanence, perseverance, and persistence in spite of all obstacles, discouragements and impossibilities: It is this, that in all things distinguishes the strong soul from the weak. — Thomas Carlyle Previous Trade Execution Summary Grid: Receive TODAY's Trade Execution Summary Grid, our Complete Analysis & Predictions of Stocks, Bonds, Gold & Bitcoin by becoming a Patreon Member at any of our three levels of support: https://bit.ly/CWPatreonSupport Sign up at Trading View access my platform and charts: https://www.tradingview.com/?aff_id=136493 How to Set Up Our Three Time Frame Chart on TradingView: https://youtu.be/wLwTnrtAOTA I have opened my page to sharing. Find me on TradingView at Thom Goolsby. Here at Charting Wealth, we focus on the reality of price movement by following trends. We teach you a simple and effective method to read stock, ETF and crypto charts, keep your emotions in check and learn when to buy and when to sell. Charting is your road map to the market and the riches it can offer. Forget the hype you see and hear in the financial news media. They are selling products in print ads and commercials. Focus on what is real, no matter how hard it can be to believe! Otherwise, you become a sucker or worse, a slave, to the delusion someone else wants you to believe. Use the lessons we teach every day to accurately chart any stock, commodity, ETF and cryptocurrencies. We give you daily, real life lessons with the five ETFs we track: S&P 500, NASDAQ 100, 20-Year Treasury Bonds, Gold and Bitcoin. We have all the tools you need to learn how to trade. For subscribers, we have a GREAT TRAINING to SUPERCHARGE your practice trading: "Seek Consistency & Reliability, Not Complexity & Quantity." https://youtu.be/JY6nzyIWyQM If you are not a subscriber, become one! Subscribe for FREE to our daily market reviews & training at http://www.ChartingWealth.com We urge you to "Follow the charts, NOT the noise!" and want to help you follow the market and improve your knowledge of stock and ETF movements. Support our work at PATREON and receive GREAT benefits (training, gifts, etc...): https://www.patreon.com/user?u=14138154 Receive our STOCK ALERTS via TEXT when WEEKLY VERTICAL CROSSOVERS occur. Very valuable information! Less than 8 texts a month. Text "chartingwealth" to 33222 on your cell phone. At ChartingWealth.com, http://chartingwealth.com every day the market is open, we chart the S&P 500, NASDAQ 100, Gold & Bonds. In just a few short minutes, we give you a valuable training update and quickly review the trends we see taking place in the market. At the end of every week, we give you an overview of what happened over the last five days and what's on the calendar for the next trading week. DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information -- nothing more.

Permanence, perseverance, and persistence in spite of all obstacles, discouragements and impossibilities: It is this, that in all things distinguishes the strong soul from the weak. — Thomas Carlyle Previous Trade Execution Summary Grid: Receive TODAY's Trade Execution Summary Grid, our Complete Analysis & Predictions of Stocks, Bonds, Gold & Bitcoin by becoming a Patreon Member at any of our three levels of support: https://bit.ly/CWPatreonSupport Sign up at Trading View access my platform and charts: https://www.tradingview.com/?aff_id=136493 How to Set Up Our Three Time Frame Chart on TradingView: https://youtu.be/wLwTnrtAOTA I have opened my page to sharing. Find me on TradingView at Thom Goolsby. Here at Charting Wealth, we focus on the reality of price movement by following trends. We teach you a simple and effective method to read stock, ETF and crypto charts, keep your emotions in check and learn when to buy and when to sell. Charting is your road map to the market and the riches it can offer. Forget the hype you see and hear in the financial news media. They are selling products in print ads and commercials. Focus on what is real, no matter how hard it can be to believe! Otherwise, you become a sucker or worse, a slave, to the delusion someone else wants you to believe. Use the lessons we teach every day to accurately chart any stock, commodity, ETF and cryptocurrencies. We give you daily, real life lessons with the five ETFs we track: S&P 500, NASDAQ 100, 20-Year Treasury Bonds, Gold and Bitcoin. We have all the tools you need to learn how to trade. For subscribers, we have a GREAT TRAINING to SUPERCHARGE your practice trading: "Seek Consistency & Reliability, Not Complexity & Quantity." https://youtu.be/JY6nzyIWyQM If you are not a subscriber, become one! Subscribe for FREE to our daily market reviews & training at http://www.ChartingWealth.com We urge you to "Follow the charts, NOT the noise!" and want to help you follow the market and improve your knowledge of stock and ETF movements. Support our work at PATREON and receive GREAT benefits (training, gifts, etc...): https://www.patreon.com/user?u=14138154 Receive our STOCK ALERTS via TEXT when WEEKLY VERTICAL CROSSOVERS occur. Very valuable information! Less than 8 texts a month. Text "chartingwealth" to 33222 on your cell phone. At ChartingWealth.com, http://chartingwealth.com every day the market is open, we chart the S&P 500, NASDAQ 100, Gold & Bonds. In just a few short minutes, we give you a valuable training update and quickly review the trends we see taking place in the market. At the end of every week, we give you an overview of what happened over the last five days and what's on the calendar for the next trading week. DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information -- nothing more.

In this sacred year-end episode of The CLS Experience, host Craig Siegel - WSJ bestselling author and global transformational speaker - gets deeply vulnerable, sharing a soul-level reflection on 2025 and revealing the spiritual blueprint for your most extraordinary year in 2026. Craig opens his heart about how spirituality, community, and unwavering commitment didn't just improve his life - they completely transformed it, creating miracles that logic couldn't explain. He unpacks profound principles like expanding your vessel to hold more blessings, embracing discomfort as the gateway to growth, and making permanent spiritual investments that the universe rewards. The episode illuminates the behind-the-scenes soul of CLS events and the beautiful evolution of this community, extending an intimate invitation to listeners ready to deepen their spiritual journey through the various levels of CLS and the powerful initiatives coming in 2026. This episode is designed to awaken, anchor, and activate you to make 2026 a year of monumental breakthroughs - not through hustle, but through alignment. Love you all and happy New Year.0:51 Reflecting on 2025: A Year of Miracles4:14 The Power of Spirituality and Tithing7:08 Leveling Up: The Evolution of CLS Programs8:54 Blueprint for 2026: Miracle Maker Principles11:54 The Importance of Permanence in Spiritual WorkTickets now available for our live event March 5th, CLS: Genesis HERE:Check out our brand new RISE Framework to unlock your purpose HERE.Check out our partner Belay using our custom link HERE to find the best help available to grow your business!To join our community click here.➤ To connect with Craig Siegel follow Craig on Instagram➤ Order a copy of my new book The Reinvention Formula today! ➤ Join our CLS texting community for free daily inspiration and business strategies to elevate your day, text (917) 634-3796➤ INSTAGRAM➤ FACEBOOK➤ TIKTOK➤ YOUTUBE➤ WEBSITE➤ LINKEDIN➤ X

TDC #080 - The Contrarian Canon (Part 1): 5 Overlooked Frameworks for 2026What if the most powerful business ideas aren't the newest ones, but the ones you missed?Episode SummaryIn this episode of The Digital Contrarian, host Ryan Levesque shares five overlooked frameworks from the "Contrarian Canon"—powerful concepts buried in past newsletter issues.You'll learn how to optimize around permanence instead of change, why struggle creates satisfaction, and discover advanced pricing psychology that increases both clarity and conversion.Question of the Day

Face à l'épidémie de grippe, qui continue de s'intensifier en France, des médecins des Bouches-du-Rhône ont été réquisitionnés à partir de ce jeudi 25 décembre.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

George and Stuart were approved for Early Permanence and picked up a newborn baby less than two weeks later. They talk about their straightforward assessment, contact with the birth family, and why a super-kingsize bed should be on your must-buy list!  

Travail, voiture, voyages, conso, shopping, placements... tout ce que vous devez savoir pour mieux gérer votre argent ! Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Could you use more peace in your life? For Advent, we're looking at the Abrahamic Covenant of Promise. Last week we introduced this covenant and looked at the Hope of the Promise. This week on the Advent calendar is about Peace, and we're dwelling specifically on the promise of land. Through this conversation, we see a sort of formula emerge: meditation on God's provision plus meditation on what is eternal brings peace. We can remember this with three Ps: Provision, Permanence, and Peace. Thank you for joining us - father-daughter duo Marcus Warner and Stephanie Warner - on the trail to a deeper walk with God!  

#Israel Trip 2025(2) 24:12 Maintaining a sense of urgency without getting frustrated or jealous 28:16 Choosing a derech and tafkid 30:32 Lishma 32:13 Achrayis to the community 36:11 Having a rebbe after you leave yeshiva 38:31 Connecting with people from different communities 41:10 Learning machshava while in yeshiva 45:54 Seeing friendship between Rebbeim 47:44 Discussing Torah with non-Jews 53:30 Memories of Rabbeim

We are a family-run international ministry with television, print and online programs designed to guide you through the Bible in one year. From social issues and apologetics to theology, history and science, our mission is to educate, edify and encourage the believer to actively engage with God's Word in all ways.

What does life look like when restoration is complete? In this episode, Brett explores the final step of restoration, where hope is no longer fragile but fully formed. This conversation marks the moment where hope becomes home, and faith finds its full reward. Follow along with the book here: https://a.co/d/5EawCWe Connect with Brett Johnson on social media: Facebook Instagram Twitter LinkedIn Visit brettjohnson.biz for articles, devotionals, and more.

Jeff Feinstein joins host Brandon Sedloff on The Distribution for a deep dive into the evolution and future of opportunity zone investing. The conversation traces Jeff's path from a decades-long career in technology to building Pinnacle Partners, a firm dedicated exclusively to opportunity zone development. Jeff explains how tax policy shaped his investing journey, why OZ legislation has become a powerful tool for individual investors, and how Pinnacle structures institutional-quality multifamily and build-to-rent projects across thousands of eligible zones. Throughout the discussion, he highlights the mechanics, benefits, risks, and real-world execution behind ground-up OZ development. They discuss: • Jeff's transition from tech operator to real estate fund manager and OZ pioneer • How opportunity zones were created, how they work, and what changed under OZ 2.0 • Why Pinnacle focuses on institutional underwriting, JV partnerships, and multi-asset funds • The role of RIAs, family offices, and private wealth in OZ distribution • What makes a strong or weak development partner in OZ projects • Key risks, real estate fundamentals, and why policy permanence matters • Markets and asset types Pinnacle favors, including workforce housing, BTR, and rural zones Links: Pinnacle Partners - https://pinnacleoz.com/ Jeff on Linkedin - https://www.linkedin.com/in/jefffeinstein/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:02:48) - Jeff's career and background (00:08:30) - The role of tax policy in investing (00:11:09) - The launch of Pinnacle Partners (00:13:51) - The evolution of opportunity zones (00:17:07) - How opportunity zones are created (00:20:20) - Pinnacle Partners' strategy and success (00:23:37) - Pinnacle Partners' approach to development (00:25:19) - Capital strategy and fund structure (00:26:46) - Who benefits from opportunity zones? (00:30:25) - Strategies for nurturing investor relationships (00:31:34) - The importance of tax efficiency (00:37:29) - Challenges and opportunities in real estate (00:40:20) - Selecting and evaluating development partners (00:44:26) - Future market trends and investment strategies (00:48:59) - Conclusion and contact information

durée : 00:22:44 - L'invité de 8h20 : le grand entretien - par : Benjamin Duhamel, Florence Paracuellos - Annie Genevard, ministre de l'Agriculture, de l'Agro-alimentaire et de la Souveraineté alimentaire. Elle assume de ne pas vouloir "être la ministre qui oppose les modes de production", en défendant y compris l'agriculture productiviste. - invités : Annie Genevard - Annie Genevard : Femme politique française Vous aimez ce podcast ? Pour écouter tous les autres épisodes sans limite, rendez-vous sur Radio France.

durée : 00:22:44 - L'invité de 8h20 : le grand entretien - par : Benjamin Duhamel, Florence Paracuellos - Annie Genevard, ministre de l'Agriculture, de l'Agro-alimentaire et de la Souveraineté alimentaire. Elle assume de ne pas vouloir "être la ministre qui oppose les modes de production", en défendant y compris l'agriculture productiviste. - invités : Annie Genevard - Annie Genevard : Femme politique française Vous aimez ce podcast ? Pour écouter tous les autres épisodes sans limite, rendez-vous sur Radio France.

I. The Priority of Love, vv1-3. II. The Practices of Love, vv4-7. III. The Permanence of Love, v8a.

Oh thank Kevin! We're bringing in the bacon to see if the 1984 movie, Footloose, holds up. Get into it baby.   

Theme: Covenant Renewal and the Danger of Compromise Pastor Matthew continued the Joshua series, focusing on Joshua chapters 9 and 10—the story of the Gibeonite deception and Israel's response. The message explored how deception, presumption, and failure to seek God's direction lead to spiritual compromise, but also how God's mercy and power still prevail through covenant faithfulness. The Gibeonite Deception (Joshua 9) After the miraculous victories at Jericho and Ai, news spread throughout Canaan about Israel's power under God's command. While other kings prepared for war, the Gibeonites chose deception: they disguised themselves as distant travelers, wearing old clothes and carrying moldy bread to make Israel believe they came from far away. “The devil doesn't always come at you head-on. Sometimes he comes dressed as something harmless, familiar, or even friendly.” Israel's leaders failed to consult the Lord before making a covenant with them. “They examined the evidence but didn't pray. That's where the failure happened.” Lesson: “Not everything that looks right is right. When you stop seeking God's counsel, you open yourself up to deception.” The Power and Permanence of Covenant Once the truth was revealed—that the Gibeonites were local inhabitants—Israel wanted to destroy them, but Joshua refused, because they had sworn an oath before the Lord. “You don't break covenant just because it's inconvenient. When you give your word before God, He expects you to honor it.” Joshua made the Gibeonites servants in the house of God, cutting wood and drawing water for the altar. “Even in discipline, God gives a place of grace. The Gibeonites ended up serving in the temple—better to be a servant in God's house than a warrior outside of it.” Application: Keep your word, integrity matters. God honors covenant even when we fail to discern perfectly. His mercy can redeem our mistakes and bring them into His purpose. Spiritual Warning — The Cost of Presumption Pastor reminded that Israel's misstep came not from rebellion but assumption: “They assumed they knew what to do because it looked obvious. But assumption is the enemy of revelation.” He linked this to modern believers: People presume God's approval because of success or blessing. Churches presume direction because of tradition. “We don't pray about things anymore because we think we already know the answer. That's dangerous ground.” Joshua 10 — When the Enemy Attacks Your Covenant Five Amorite kings formed an alliance to destroy Gibeon for aligning with Israel. The Gibeonites cried out to Joshua for help—and Joshua honored the covenant, marching all night from Gilgal to defend them. “When you make covenant before God, He'll expect you to keep it even when it costs you sleep, comfort, or convenience.” God honored Joshua's obedience with supernatural victory: The enemy was thrown into confusion. Large hailstones fell from heaven, killing more than the sword. The sun stood still over Gibeon as Joshua prayed for extended daylight. “When you honor covenant, God honors you. Heaven will move time itself to fulfill His word through a faithful servant.” The Sun Stands Still — God's Power in Partnership Pastor emphasized that God didn't act until Joshua spoke in faith: “The miracle didn't happen until Joshua opened his mouth. Faith is voice-activated.” This battle revealed divine partnership—God works through people who trust His covenant and speak His promises. “God didn't tell Joshua to pray for the sun to stand still—he just believed big enough to ask. That's faith that moves creation.” Application: Don't wait for the perfect conditions to believe in miracles. When you walk in covenant obedience, heaven backs your faith. God Finishes What He Starts Joshua captured the five kings and had them brought before Israel. He instructed his commanders to place their feet on the necks of the defeated kings. “That's a picture of what Christ does through us. He lets us stand in His victory.” Pastor tied this to Romans 16:20: “The God of peace will soon crush Satan under your feet.” Spiritual Principle: “God gives you victory not just to end a battle—but to establish dominion. When you stand in covenant authority, the enemy is beneath your feet.” Closing Reflections Never stop seeking God's direction, even after victories. Keep covenant—your word matters to heaven. Faith speaks boldly—God moves through the believing voice. Victory comes through obedience, not shortcuts. Don't mistake mercy for approval—learn from Gibeon's deception but walk in Joshua's faith. Bro. Matthew concluded with a call to vigilance and worship: “We're living in days of deception. Don't trust what looks right—trust what God says. Stay prayed up, stay in the Word, and you'll see the sun stand still in your life too.”

Alicia Chavero ⁠viene de las Ciencias empresariales y se dedica al diseño estratégico. En esta entrevista nos cuenta sobre este paso, y sobre ⁠Design for Permanence⁠, diseño para la permanencia, una comunidad para la práctica de pensamiento crítico. Ella nos explica qué es el diseño crítico y por qué necesitamos más herramientas para destilar la información que recopilamos durante la investigación. Hablamos de falacias y sesgos cognitivos, facilitación, argumentos y tomas de decisión. Esta entrevista es parte de las listas: Comunidades y colectivos de diseñadores, España y diseño y Diseño UX. Alicia nos recomienda: El puente donde habitan las mariposas de Nazareth Castellanos:La civilización empática de Jeremy Rifkin

Vayeira - The Permanence of Kedusha

Emily and Jude  have completed their assessment process and have just seven days until panel.  They're hoping to be approved as early permanence carers for a baby under a year old.  Emily talks about how they decided on adoption and what they learnt as volunteers at New Family Social's Summer Camp (including mud pie recipes!). Emily talked about how she listened to other episodes of this podcast to help her decide whether she could cope with the uncertainty of early permanence.    

Au menu de la troisième heure des GG du mercredi 22 octobre 2025 : "Deux policiers en permanence avec Sarkozy en prison" avec Barbara Lefebvre, professeur d'histoire-géographie, Fatima Aït Bounoua, professeur de français, et Bruno Poncet, cheminot.

You could hear episodes early and get access to all of our giveaways on our HeroHero!It's with great pleasure that I announce this week's episode with Sophia Stel, the artist/producer/singer/songwriter behind not one, but two of the year's best EPs: Object Permanence and How to Win at Solitaire. Tune in as Sol and Michael chat with Sophia about her soon-to-be international tour, finding and working with "anime baddie" opener ilykimchi, living life without a phone, thrifting in New York City, how she thinks through her music from inception to release, remixes, Young Thug, sliming out your day ones the second you blow up, being comfortable, the Great White North, learning to tailor your clothes, and so much more!Thanks again to Sophia and her wonderful manager Elizabeth for making this episode possible - the international leg of the tour begins on November 7th in Paris! Get tickets if you can :)Lots of love!SolSol Thompson and Michael Smith explore the world and subcultures of fashion, interviewing creators, personalities, and industry insiders to highlight the new vanguard of the fashion world. Subscribe for weekly uploads of the podcast, and don't forgot to follow us on our social channels for additional content, and join our discord to access what we've dubbed “the happiest place in fashion”.Message us with Business Inquiries at pairofkingspod@gmail.comSubscribe to get early access to podcasts and videos, and participate in exclusive giveaways for $4 a month Links: Instagram TikTok Twitter/X Sol's Substack (One Size Fits All) Sol's Instagram Michael's Instagram Michael's TikTok

Information management delivers data. Knowledge management unleashes organizational intelligence - transforming how multi-stakeholder ecosystems coordinate, decide, and optimize performance across dynamic and complex networks. D. Jasen Graham, Director of Enterprise Risk and Knowledge Management for VA's $400M+ Financial Management Business Transformation program, achieved 50% improvement in risk mitigation efficiency and 40% reduction in decision cycle time. Paradigm Shifts:

In Episode 325 You Will Discover: The role of working memory in an ADHD brain. What we mean by ADHD object permanence and how it shows up in our day to day. 3 Actionable ways to support our working memory with ease. Take the Free Quiz: What's Your Overwhelm Type? In under a minute, discover how overwhelm shows up for your ADHD brain — and what to do about it.

Tron: Ares. There are some movie whose release in the theater is not what captures the hearts of people but it is the aftermarket where the movie becomes a cult classic and the Tron film was one such film.  In this this episode of The 602 Club host Matthew Rushing is joined by Scott McClellan on the gird to talk about Tron: Ares. We discuss the franchise, not following up, the real world, searching for permanence, Jared Leto, Greta Lee, the villains, bringing back Jeff Bridges, the soundtrack, the effects, the future and our ratings. Chapters The Tron Franchise (00:02:07) No Follow Up (00:06:42) To the Real World (00:12:30) Searching for Permanence (00:18:07) Jared Leto (00:28:34) Greta Lee (00:36:06) The Villains (00:39:59) Bringing Back Jeff Bridges (00:45:11) The Soundtrack (00:51:16) The Effects (00:54:26) The Future (00:58:13) Ratings (01:10:34) Host Matthew Rushing Guest Scott McClellan  Production Matthew Rushing (Editor and Producer) C Bryan Jones (Executive Producer) Matthew Rushing (Executive Producer)  Social Twitter: @The602Club Instagram: @the602clubtfm

Tron: Ares. There are some movie whose release in the theater is not what captures the hearts of people but it is the aftermarket where the movie becomes a cult classic and the Tron film was one such film. In this this episode of The 602 Club host Matthew Rushing is joined by Scott McClellan on the gird to talk about Tron: Ares. We discuss the franchise, not following up, the real world, searching for permanence, Jared Leto, Greta Lee, the villains, bringing back Jeff Bridges, the soundtrack, the effects, the future and our ratings. Chapters The Tron Franchise (00:02:07) No Follow Up (00:06:42) To the Real World (00:12:30) Searching for Permanence (00:18:07) Jared Leto (00:28:34) Greta Lee (00:36:06) The Villains (00:39:59) Bringing Back Jeff Bridges (00:45:11) The Soundtrack (00:51:16) The Effects (00:54:26) The Future (00:58:13) Ratings (01:10:34) Host Matthew Rushing Guest Scott McClellan Production Matthew Rushing (Editor and Producer) C Bryan Jones (Executive Producer) Matthew Rushing (Executive Producer) Social Twitter: @The602Club Instagram: @the602clubtfm

Long-Term Stewardship, the Lindy Effect, and Why Alignment Matters More Than ValuationFind me on Substack: https://bogumilbaranowski.substack.com/Michael Gielkens is a partner and co-founder of Tresor Capital, a Netherlands-based independent investment boutique specializing in actively managing wealth through family holding companies and serial acquirers, with deep expertise in capital allocation and owner-operator alignment.EPISODE NOTES3:00 - Discussion of Omaha Berkshire meeting as unique phenomenon bringing global investors together; Michael's Dutch-American background and financial upbringing with CFO father teaching value of money6:00 - Netherlands as birthplace of shareholder concept and securities trading; connection between Dutch Republic's innovation and modern capital markets; family ownership enabling multi-generational wealth preservation12:00 - Core investment philosophy: skin in the game as non-negotiable prerequisite; alignment of interests at every level including portfolio managers investing alongside clients15:00 - Family holding companies explained: listed family offices with long-term orientation, no quarterly guidance pressure, avoiding short-term thinking that plagues typical public companies21:00 - Serial acquirers as superior capital allocators; decentralized decision-making allowing continuous reinvestment at high returns; Swedish companies as breeding ground for this model28:00 - Return on incremental invested capital as key metric; Munger principle that long-term returns match business returns on capital; importance of reinvestment runway34:00 - Quality over value traps: companies at small discounts with proven track records versus deep discounts hiding mismanagement; French holding company cautionary tale of nepotism and value destruction42:00 - Learning from mistakes: avoiding cheap stocks requiring constant attention; importance of doing your own homework rather than blindly cloning positions46:00 - Market volatility response: having valuations ready, buying quality companies at 45-50% discounts during external shocks when they normally trade at 20% discount51:00 - Success defined by relationships and fulfillment, not financial metrics; open collaboration and transparency building compounding relationships; Munger's funeral testPodcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Kingsway Community Church

This episode is a replay from The Existential Stoic library. Enjoy! Are problems always a part of life? Are there certain problems that persist no matter what you do? In this episode, Danny and Randy ask whether problems are permanent. Subscribe to ESP's YouTube Channel! Thanks for listening!  Do you have a question you want answered in a future episode? If so, send your question to: existentialstoic@protonmail.com

How Thin Is the Line Between Patriotism and Nationalism?   Curtis Chang and David French take a hard look at the rise of Christian nationalism and its growing influence on American faith and politics. They unpack how this ideology blurs the line between patriotism and nationalism, reshaping evangelical identity and challenging both biblical and constitutional values. Drawing from history and theology—from January 6th to modern evangelical movements—they reveal how love of country can be redeemed from the distortions of fear and power. Listeners are invited to reflect on what true patriotism looks like for followers of Jesus in a divided America.   (02:30) - Understanding Christian Nationalism in America (11:03) - Defining Christian Nationalism in America (17:37) - The Emotional Identity of Lived Out Christian Nationalism (26:17) - Challenging American Identity and History (33:43) - America's Story and a Universal “us”? (36:30) - The Competing Stories of 1619 and 1776 (44:18) - C.S. Lewis on Patriotism and Nationalism (48:56) - American Identity, Patriotism, and Protecting Others (55:45) - Security About the Truth of America   Join The After Party   Send Campfire Stories to: info@redeemingbabel.org   Donate to Redeeming Babel   Mentioned In This Episode: Andrew Whitehead & Samuel Perry's Taking America Back For God Thomas Kidd's Christian Nationalism vs. Christian Patriotism (article) How Many Americans Are Christian Nationalists? (article & date) David French: What Is Christian Nationalism, Exactly? (2/25/24) The Role of The New Apostolic Reformation A Critique of the Seven Mountain Mandate Derek Bell's Interest Convergence and the Permanence of Racism: A Reflection on Resistance Matt Yglesias's Great Awakening C.S. Lewis on Love of Country and Love of God C.S. Lewis on Love of Country and Love of God C.S. Lewis on Patriotism   More From David French: David French's New York Times pieces HERE Follow David French on Threads   Follow Us: Good Faith in Instagram Good Faith on X (formerly Twitter) Good Faith on Facebook   Sign up: Redeeming Babel Newsletter   The Good Faith Podcast is a production of Redeeming Babel, a 501(c)(3) nonpartisan organization that does not engage in any political campaign activity to support or oppose any candidate for public office. Any views and opinions expressed by any guests on this program are solely those of the individuals and do not necessarily reflect the views or positions of Redeeming Babel.

What if you aced spiritual gifts but missed love—the one thing that matters most? Dive into 1 Corinthians 13 with Pastor Chris Gregg in this #UnfilteredChurch sermon from FCC Sermons. Discover why eloquence, faith, and sacrifice mean nothing without Christ's enduring love. Perfect for anyone seeking deeper church community and biblical maturity.In "Love Unfiltered," Chris unpacks Paul's rebuke to the vibrant yet divided Corinthian church (1 Cor 12-14). Explore the priority of love (vv.1-3), its patient and kind portrait (vv.4-7), and why it outlasts prophecies, tongues, and knowledge forever (vv.8-13). Learn how love isn't a gift—it's the soil for all gifts—to avoid being a "noisy gong" in ministry.Key insights:Without love: You're nothing, gain nothing—like an empty gift box.Christlike traits: Patient, not irritable, rejoices in truth.Eternal legacy: Faith and hope fade, but love abides as the greatest.Reflection: Do you serve to be noticed or from love? Pick one trait from vv.4-7 this week—kindness, forgiveness—and watch it transform conflicts and community. As Mother Teresa showed, one act of love changes lives.Timestamps:0:00 - Opening Hook: What If You Did Everything Right... But Missed This?3:45 - Corinth's Vibrant Yet Broken Church (1 Cor 12-14 Context)8:20 - The Priority of Love: Tongues, Prophecy, Faith Without It (1 Cor 13:1-3)13:10 - Without Love: Just Noise and Empty Gain17:50 - The Portrait of Love: Patient, Kind, Unfailing Traits (1 Cor 13:4-7)23:30 - Christlike Love in Action – Not Hallmark, But Real27:15 - The Permanence of Love: Why It Outlasts All Gifts (1 Cor 13:8-13)31:40 - Reflections: Serve from Love, Build an Enduring Legacy35:20 - Challenge: Pick One Trait to Practice This Week + Mother Teresa's MarkSubscribe to FCC Sermons for more #UnfilteredChurch series on 1 Corinthians—raw talks on pride, division, and zeal. Like & comment: What's one way you'll practice love this week? Visit fcc.church for notes/resources. #1Corinthians13 #BibleStudy #ChristianSermon #LoveInTheBible #SpiritualGrowth

 Today's sermon explored the foundational truths of marriage through the lens of Ephesians 5:31 and the Genesis creation account. Using the metaphor of marriage as a garden, we examined how agape love—selfless, sacrificial love—is only possible through the Holy Spirit, not by human effort. The “soil” of marriage, as described in Genesis, is not perfect but good, and it is in this soil that God calls us to subdue sin and grow in sanctification. The sermon highlighted how the fall introduced shame, blame, and conflict into marriage, transforming it from a place of vulnerability and safety into a battleground for sanctification. Ultimately, marriage is not about achieving happiness or perfection, but about God using our spouse to shape us into the likeness of Christ, with prayer and humility as essential tools for this journey.

In this episode of The Neurodivergent Experience, Jordan James and Simon Scott dive deep into the often-overlooked concept of object permanence and how it shapes the everyday lives of autistic and ADHD adults.From misplaced wallets to forgotten birthdays, Jordan and Simon unpack the challenges of “out of sight, out of mind” thinking, and how it impacts relationships, routines, and self-esteem. With humor and honesty, they share personal stories—from paramedic rescues and lost headphones to missed social events—that highlight both the struggles and resilience of neurodivergent living.Together, they explore:What object permanence really means and how it links to autism, ADHD, and executive dysfunctionWhy neurodivergent people often forget tasks, dates, or even loved ones when they're out of viewHow these challenges can damage friendships, work, and self-confidence—and why it's not lazinessPractical tools that help: reminders, shared calendars, “don't put it down, put it back” hacks, and supportive partnersWhy patience, self-advocacy, and understanding from others make all the differenceWhether you constantly lose your keys, forget social plans, or feel guilty about being “that friend who never shows up,” this episode offers relatable stories, validation, and strategies to help you feel less alone.❤️ Support the ShowIf this episode resonated with you:✅ Follow or Subscribe to The Neurodivergent Experience⭐ Leave a quick review on Apple Podcasts or Spotify

Enjoyed our podcast? Shoot us a text and let us know—because great conversations never end at the last word!James Lee, co-creator of Zero Unbound Art, shares his journey of blending art, music, advocacy, and technology on Tezos blockchain. Through his surreal hand-drawn animations and passion for fully on-chain formats, he's creating artwork that will outlive us all while championing accessibility and permanence in digital creation.• Converting ADHD into a creative superpower by hyperfixating on learning new skills• Building Zero Unbound Art platform to make fully on-chain NFTs accessible to everyone without coding knowledge• Creating the largest fully on-chain animation on Tezos at 261 kilobytes through hand-drawn pixel art• Living with Tourette's syndrome and discovering that creative activities help manage symptoms• Experiencing synesthesia where sounds create visual patterns that influence his artwork• Developing a 118-element periodic table animation project that combines science and art• Supporting fellow artists by collecting, amplifying, and mentoring throughout the Tezos ecosystem• Finding new creative inspiration through fatherhood and teaching his children artistic skills• Leveraging his experience as a former college professor to make blockchain technology approachableJoin us in exploring how blockchain can preserve our creative legacy forever while removing gatekeepers and giving everyone a chance to participate.

Even the “I ♥ My Marriage” t-shirt doesn't mean much when actions contradict the message. That's the challenge 1 Corinthians 13:8–13 addresses: love isn't just powerful—it's permanent.

Hey there, hero!Permanence. Import. Outcomes. Results.We make lots of decisions, and we talk a lot about the size of those small, medium and large decisions - but another way of looking at them is…permanence.The long lasting results of all those decisions, if any. The effectiveness of a decision that makes for real change.But instead of size, what about potency? What about import? What about the long-term permanence of your decisions?I found a really awesome way of looking at the effect of a decision that has a different vector than simply its size - and it speaks to how hard some decisions are to retreat from if they just don't work out.Hat, haircut and tattoo.Do you ever consider the finality, the permanence of your decisions? Have you ever thought about what your decisions can really mean to your overall life choices? Let me know in the comments below.REQUEST: Please join this video's conversation and see the full episode on VOHeroes, where the comments are moderated and civil, at https://voheroes.com/hat-haircut-or-tattoo/---#Acting #Voice #VoiceOver #Performance #Productivity #Tips #Art #Commerce #Science #Mindset #Success #Process #Options #BestPractices #MarketingWant to be a better VO talent, actor or author? Here's how I can help you......become a VO talent (or a more successful one): https://voheroes.com/start ...become an audiobook narrator on ACX (if you're an actor or VO talent): https://acxmasterclass.com/ ...narrate your own book (if you're an author): https://narrateyourownbook.com/ ...have the most effective pop filter (especially for VO talent): https://mikesock.com/ ...be off-book faster for on-camera auditions and work (memorize your lines): https://rehearsal.pro/...master beautiful audiobook and podcast audio in one drag and drop move on your Mac: https://audiocupcake.com/ The VOHeroes Podcast is heroically built with: BuddyBoss | LearnDash | DreamHost | SamCart | TextExpander | BuzzSprout ...

A Sermon by Rev. Douglas Ahamefula and Elder Brenard Rowe, Elders at Victory Church in Providence, RI. Opening Tribute and Introduction Reference to Biblical principle: "The seed we sow is the seed we reap." Honoring Bernard for 32 years of service to the church, emphasizing long-term commitment and various roles in ministry (especially choir/music). Mention of Bernard's wife, Fanny, who has passed away. Note of Bernard's journey to the church and his active, faithful involvement. Bernard's Acknowledgments Bernard expresses gratitude to Senior Pastor Richard and Pastor Lisa. Occasion: 36th church anniversary, international service. Bernard humbly accepts the opportunity to speak and share the good news of Jesus Christ. Theme: The Power and Nature of God's Love Encouragement to reflect on the strongest force in the universe: love, specifically the love of God. God's love described as eternal, unchanging, and foundational. Focus on unconditional (agape) love, not romantic or materialistic love. Illustrated Stories and Examples Story of a village fire: neighbors show overwhelming love and support to a woman who lost everything. Love stronger than the devastation caused by the fire. International service: church as a community of 26 nations, demonstrating God's love through unity and cultural celebration. Biblical Foundations of Love Biblical description of love (1 Corinthians 13:4-8, paraphrased): Love is patient, kind, not envious or boastful, not proud. Does not dishonor, is not self-seeking or easily angered. Keeps no record of wrongs, rejoices in truth, always protects, trusts, hopes, perseveres, never fails. Call to consistently demonstrate these biblical attributes of love. The Greatest Demonstration: Jesus Christ and the Cross Reference to John 3:16: God's gift of his only son as act of unconditional love. Example of Christ's sacrifice—pleading for forgiveness, promise to the thief: “You will be with me in paradise.” Analogy: judge takes punishment upon himself—parallels Jesus' sacrifice for humanity. Command to Love One Another Quote of John 13:34-35: “A new commandment I give you, love one another…” Must demonstrate love for others; cannot claim love for God while hating others. Forgiveness and Restoration Parable of the prodigal son: father's unconditional love and forgiveness; call to emulate this. Romans 5:8: God's love demonstrated while we were still sinners. Sacrificial Love in Practice Example: missionaries risking life for the gospel—sacrificial love. No one can outgive God; God's gifts surpass all. God's Love in Creation and Deliverance Genesis 1:31: God declares his creation “very good” as a sign of his love. God's deliverance in biblical history: freeing Israel from Egypt, crossing the Red Sea. Love like a shepherd rescuing a lost sheep. The Permanence of God's Love Romans 8:38-39: nothing can separate us from God's love. God's love is likened to a lighthouse—guiding through storms. Call to Action and Conclusion God's love is the greatest gift, endures forever, accessible to all. Challenge to receive and share this love unconditionally: “Love is like a candle, it doesn't lose light by lighting another.” Call for unity and acts of love among church community. Closing prayer of thanksgiving, blessing, and request to show sacrificial love.

Matthew 5:31-32 / Pastor Christian Simas

Thanks to the explosion of technology and social media, society is more connected than ever. Despite that, loneliness, depression, and suicide are all at epidemically high levels. In this program, guest teacher Ryan Ingram provides the answer as he wraps up his short study in Genesis chapter 2. Learn what the aches in our hearts reveal and why our desire for ‘with-ness' points to God's desire to be with us.Main PointsWhat do I do about the ache within me? What if my longing isn't a problem to fix but a sign pointing me home?We are all SPIRITUALLY HOMESICK.The heart aches for PERMANENCE. - Genesis 2:8 & John 14:2-3The heart aches for PRESENCE. - Genesis 2:7 & Matthew 28:20bThe heart aches for PLEASURE. - Genesis 2:9 & Psalm 16:11The heart aches for PEACE. - Genesis 2:15 & Matthew 11:28-30The home my heart aches for is not just a PLACE but a PERSON. - John 14:6Broadcast ResourceDownload Free MP3Message NotesSpeaker MentionsC.S. Lewis "Mere Christianity" & "The Weight of Glory and Other Addresses"Tim Keller "The Prodigal God"Ronald Rolheiser "Sacred Fire"Additional Resource Mentions"I Choose Joy" Book"I Choose Joy" Home Church StudyConnect888-333-6003WebsiteChip Ingram AppInstagramFacebookTwitterPartner With UsDonate Online888-333-6003About Ryan IngramRyan Ingram is the pastor of Awakening Church, founded in September 2012 with a passion to awaken this generation to new life in Jesus. He is a graduate of Moody Bible Institute in Chicago and has pursued additional study at Moody Theological Seminary. Ryan and his wife, Jenny, have three children and live in California.

C.S. Lewis once wrote, “If I find in myself desires, which nothing in this world can satisfy, the only logical explanation is I was made for another world.” Ryan Ingram explains why everyone has a longing and restlessness for something more. Join him in Genesis chapter 2 as he describes the perfect environment God created for Adam and Eve and why, since sin entered the world, our hearts ache to be reunited with our Creator.Main PointsWhat do I do about the ache within me? What if my longing isn't a problem to fix but a sign pointing me home?We are all SPIRITUALLY HOMESICK.The heart aches for PERMANENCE. - Genesis 2:8 & John 14:2-3The heart aches for PRESENCE. - Genesis 2:7 & Matthew 28:20bThe heart aches for PLEASURE. - Genesis 2:9 & Psalm 16:11The heart aches for PEACE. - Genesis 2:15 & Matthew 11:28-30The home my heart aches for is not just a PLACE but a PERSON. - John 14:6Broadcast ResourceDownload Free MP3Message NotesSpeker MentionsC.S. Lewis "Mere Christianity" & "The Weight of Glory and Other Addresses"Tim Keller "The Prodigal God"Ronald Rolheiser "Sacred Fire"Additional Resource Mentions"I Choose Joy" Book"I Choose Joy" Home Church StudyConnect888-333-6003WebsiteChip Ingram AppInstagramFacebookTwitterPartner With UsDonate Online888-333-6003About Ryan IngramRyan Ingram is the pastor of Awaking Church, founded in September 2012 with a passion to awaken this generation to new life in Jesus. He is a graduate of Moody Bible Institute in Chicago and has pursued additional study at Moody Theological Seminary. Ryan and his wife, Jenny, have three children and live in California.

[video available on spotify] you want to know what absolutely terrifies me? the permanence of the internet. i am tortured by it. but at the same time, i know it's just something i have to deal with as a public figure who documents their life online. maybe it affects me more than the average person, but i really think this is something most people in the 21st century - especially my generation - struggle with. let me tell you why the permanence of the internet keeps me up at night. Learn more about your ad choices. Visit podcastchoices.com/adchoices