Podcasts about rebalancing

Welcome to the Energy News Beat Standup, where host Stu Turley breaks down the 10 biggest energy stories reshaping global markets. In this episode, we dive into a world in flux: Russia's refining capacity is crumbling under Ukrainian drone strikes, Iraq is suspending exports and seeking independence from Iranian energy, and new pipeline projects are being fast-tracked to bypass the Strait of Hormuz. Meanwhile, back home, data centers are driving unprecedented energy demand, New York is doubling down on restrictive policies while Texas and Virginia race ahead, and grid vulnerabilities are becoming impossible to ignore. From geopolitical disruptions to emerging security threats—including rumors of Iranian drones in Cuba—this episode explores how energy markets are rebalancing, how new trading blocs are forming, and why now is the time to prepare for what's coming next.1. Global Oil Market RebalancingThe podcast opens with discussion of how the global oil market is undergoing significant rebalancing due to geopolitical disruptions, particularly Russia's degraded refining capacity from Ukrainian drone strikes. Russia's refining capacity has been slashed to 39 million barrels per day, forcing a shift in global trade dynamics.2. Russia's Refining Crisis & Ukraine's Drone CampaignA major focus is Ukraine's successful drone campaign against Russian refineries. Ukraine has struck over 24 of Russia's 34 major refineries, and all of Russia's major refineries are now within reach of Ukrainian drones. This has fundamentally changed how the war is being fought and has disrupted global energy supplies.3. Iraq's Energy Independence & Export ChallengesIraq has suspended crude loading at all export terminals (impacting 4 million barrels per day). The discussion covers Iraq's negotiations with major oil companies like Exxon and Chevron, and efforts to become energy independent from Iran by developing domestic natural gas instead of importing it.4. Strategic Pipeline Development & Hormuz BypassGoldman Sachs projects that new pipelines could divert 45% of Strait of Hormuz oil by 2027 and 60% by 2028. This reflects global efforts to circumvent potential disruptions at this critical chokepoint, which is bad news for Iran's economic recovery.5. Canada's Shale Gas RenaissanceLong-dormant shale gas reservoirs in Alberta are being revitalized through oil plays, particularly in the Basal Belly River Formation. This represents a significant opportunity for Canadian energy production.6. Data Center Energy Demands & New York's MoratoriumNew York has imposed its first moratorium on data centers (affecting only 5 facilities), which the host criticizes as "virtual signaling." The discussion contrasts New York's restrictive energy policies with other states like Texas, Virginia, and Georgia that are attracting data centers due to better energy availability and lower costs.7. Grid Resilience & Security ThreatsThe podcast warns about potential grid vulnerabilities, citing Exelon's CEO prediction that Americans could face blackouts as soon as 2027. There's also concern about 136 Iranian drones rumored to be in Cuba that could potentially target U.S. grid infrastructure in Florida.8. Energy Market Prices & Investment OutlookThe episode concludes with current market prices (WTI crude at $82.72, Brent at $88.77, natural gas at $2.91) and emphasizes the importance of energy awareness and personal preparedness for potential emergencies.Check the articles on https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

Heute ist Freitag – und das bedeutet: Babotag! Die Investmentbabos Michael und Endrit haben heute wieder ein spannendes Thema für euch. Angesichts der Entwicklungen an den Kryptomärkten, insbesondere in den vergangenen zwölf Monaten, haben sie sich einen besonderen Gast eingeladen. Gemeinsam mit Ronald Richter von Bitwise – einem der führenden Anbieter im Bereich Krypto-Assets – sprechen die Babos nicht nur über die Entwicklung der Kryptomärkte, sondern auch über Produkte, die Krypto-Assets abbilden. Im Fokus stehen dabei Basket-Lösungen in Zusammenarbeit mit MSCI sowie die entsprechenden ETPs. Außerdem geht es um Themen wie Kosten, Rebalancing, die Positionierung innerhalb der Indizes und die Frage, wie diese Produkte aktuell vom Markt angenommen werden. Wenn ihr mehr darüber erfahren möchtet, dann schaltet unbedingt ein! Diese Folge ist ein wichtiger Baustein, und wir freuen uns schon jetzt auf Teil 2, in dem wir noch tiefer auf einzelne Krypto-Assets & Coins sowie die allgemeine Marktlage eingehen werden. Viel Spaß, ein schönes Wochenende und bis nächste Woche bei „Babos sprechen Börse“. Liebe Grüße Michael Duarte & Endrit Cela - Hier geht es zur Investmentbabo-Webseite: https://www.investmentbabo.com - Folgt die Investmentbabos auf Instagram: https://www.instagram.com/investmentbabo DISCLAIMER: Der Inhalt dieses Podcasts dient ausschließlich der allgemeinen Information. Diese Informationen können und sollen eine individuelle Beratung durch hierfür qualifizierte Personen nicht ersetzen. Die Informationen in Bezug auf die von der Clartan Associés und AMF Capital AG verwalteten Sondervermögen stellen keine Anlageberatung und keine Kaufempfehlung dar.

Alex Shahidi, Managing Principal and Co-CIO at Evoke Advisors and co-portfolio manager of the RPAR Risk Parity ETF and UPAR Ultra Risk Parity ETF, returns to Lead-Lag Live for the next single-topic risk-parity conversation — this one focused on commodity producers as the inflation-hedging equity sleeve inside a modern balanced portfolio. Alex makes the structural case for owning commodity producer equities rather than commodity futures — the tax efficiency, the equity risk premium layered on top of the commodity exposure, and the 50+ year track record of outperforming global equities by roughly 2% a year. He walks through how RPAR and UPAR construct the sleeve using the broad Morningstar Global Upstream Natural Resources Net Return Index (roughly a third energy, a third industrial and precious metals, a third agriculture), why diversification within the sleeve matters more than picking a single subsector, and why the diversification benefit shows up most when it's needed most — 2022 (equities down 18%, producers up 15%), Q1 2026 (equities down 3%, producers up 20%), and the 1970s (13%+ annualized for a full decade of stagflation). He also gets candid about the behavioral difficulty of holding this sleeve as a standalone position — the 20-30% higher volatility versus global equities, the extended stretches where it deviates significantly from the broader market, and why rebalancing across the risk-parity buckets is what actually captures the long-run edge. The conversation closes with the practical case for RPAR versus a traditional 60/40: what inflation looks like when you zoom out over 100 years, why "low and stable" is the abnormal regime rather than the normal one, and where inflation-linked bonds fit alongside the commodity producer sleeve. Topics covered: (00:00) Opening — another Lead-Lag Live single-topic risk-parity conversation with Alex Shahidi (00:30) Alex introduces Evoke Advisors, RPAR and UPAR, and the risk-parity framework (02:18) Why commodity producer equities instead of commodity futures — tax efficiency and the equity risk premium (04:13) Devil's advocate: are gold miners and other producers actually equities in disguise? (05:09) How the broad producer index is constructed — energy, metals, agriculture, and why diversification within the sleeve matters (06:07) Contango, backwardation, and why the futures path complicates the futures-based approach (07:27) Historical case study — 2022 (equities -18%, producers +15%) and Q1 2026 (equities -3%, producers +20%) (08:50) The 1970s parallel — 13%+ annualized during a decade of stagflation (10:10) Why correlation is a byproduct — divergence shows up when you need it most (12:05) The 55-year track record — 2% annualized outperformance vs global equities, liquid and tax efficient (13:32) Currency exposure and dollar sensitivity in the producer sleeve (14:27) The behavioral challenge — 20-30% more volatile than equities and the discipline required to hold it (17:40) Rebalancing as programmatic mean reversion — why trimming winners matters over full cycles (19:37) Making the case for RPAR versus a traditional 60/40 — the inflation-hedge gap (20:36) Zooming out — 100 years of inflation history and why "low and stable" is the abnormal regime (21:31) Where inflation-linked bonds fit alongside the producer sleeve in a full risk-parity framework About Evoke Advisors: Evoke Advisors is a large, independent registered investment advisor headquartered in Los Angeles, co-founded by Alex Shahidi. The firm co-portfolio-manages the RPAR Risk Parity ETF and the UPAR Ultra Risk Parity ETF, both built on the principle that a balanced portfolio should diversify across economic environments — not just across asset classes. Where to find Alex and Evoke: Website: evokeadvisors.com RPAR + UPAR ETFs: rparetf.com The Lead-Lag Report: leadlagreport.com Sponsored by Evoke Advisors: The RPAR Risk Parity ETF (RPAR) and UPAR Ultra Risk Parity ETF (UPAR) offer diversified, all-weather exposure across global equities, Treasuries, TIPS, gold, and commodity producers — engineered to balance risk across four economic environments. Learn more at rparetf.com. Important disclosures: This podcast is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Investors should carefully consider the investment objectives, risks, charges, and expenses of any fund before investing. Past performance is not indicative of future results. RPAR and UPAR are subject to market risk, interest rate risk, commodity risk, and other risks disclosed in the fund prospectus. Investing in commodity-related equities involves the risks of the underlying commodities markets, including significant price volatility. Please read the prospectus carefully before investing. Support the show

TODAY ON THE ROBERT SCOTT BELL SHOW: Live from Red Pill Expo, RFK Jr. Vaccine Injury Table, Raelynn Torzone, BioEnergetix Rebalancing Therapy, Complementary and Alternative Health Care Practice Act, Heavy Metal Tampons, Cancer Surge in Coming Decades, Obesity Drug Failures, SIDS Cases, Hemp Regulation, and MORE! https://robertscottbell.com/live-from-red-pill-expo-rfk-jr-vaccine-injury-table-raelynn-torzone-tampon-metals-are-safe-cancer-surging-in-coming-decades-obesity-drugs-sids-hemp-regulation-and-more/ Purpose and Character The use of copyrighted material on the website is for non-commercial, educational purposes, and is intended to provide benefit to the public through information, critique, teaching, scholarship, or research. Nature of Copyrighted Material Weensure that the copyrighted material used is for supplementary and illustrative purposes and that it contributes significantly to the user's understanding of the content in a non-detrimental way to the commercial value of the original content. Amount and Substantiality Our website uses only the necessary amount of copyrighted material to achieve the intended purpose and does not substitute for the original market of the copyrighted works. Effect on Market Value The use of copyrighted material on our website does not in any way diminish or affect the market value of the original work. We believe that our use constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you believe that any content on the website violates your copyright, please contact us providing the necessary information, and we will take appropriate action to address your concern.

The Moneywise Radio Show and Podcast Wednesday, July 8th  BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.  

Don and Tom take on the latest crypto hype cycle, arguing that Bitcoin remains speculation—not a reliable store of wealth—and that putting crypto inside retirement accounts is especially dangerous. They discuss a new self-directed IRA crypto platform, the risks of private equity and alternative assets in retirement plans, and why “get rich quickly” pitches should set off alarm bells.Then they answer two listener questions. First, Mark from Ohio asks how to prepare a retirement portfolio for a likely market downturn and how withdrawals and rebalancing should work once retirement begins. Later, Doug from Utah asks whether market-linked CDs make sense compared with Treasuries and whether the “no downside” promise is worth the tradeoffs. Don and Tom explain why they dislike market-linked CDs, how bank brokers get paid to sell them, and why simpler fixed-income tools often make more sense.They wrap up with a warning about growing bank-related scam tactics and a publishing scam Don has been seeing aimed at authors.0:05 – Intro: one-star Bitcoin review and why crypto losses are hard to ignore1:16 – Bitcoin's drop, crypto volatility, and retirement-account crypto pitches2:42 – Self-directed IRAs, IRA Financial, and the “get rich quick” problem5:27 – Why crypto, private equity, and alternative assets can be dangerous in retirement plans6:58 – Why most people bought Bitcoin: speculation, not currency utility10:29 – Hot money shifts: crypto, gold, semiconductors, and chasing momentum12:20 – Don's bottom line on crypto as speculation vs. wealth storage13:16 – Listener question from Mark: preparing for a market downturn before retirement15:32 – Is an 80/20-ish portfolio too aggressive with retirement four years away?17:13 – Bonds vs. cash/CDs: what fixed income should do near retirement18:56 – Withdrawal strategy during a downturn and how rebalancing fits in20:46 – Listener question from Doug: market-linked CDs vs. Treasuries23:47 – Why Don and Tom dislike market-linked CDs26:42 – The danger of taking investment advice from a bank salesperson29:18 – Building Treasury and CD ladders through a brokerage instead31:23 – Banks training tellers to spot scam victims before money is lost34:04 – Don's author scam warning: fake book clubs and fake promotional offersQuestions? Comments? Click!

Episode recorded on 19 June 2026 at the PSE-CEPR Policy Forum in Paris.Twice before, the world's savings and debts have piled up in the wrong places, and twice the imbalance broke something. The first time it took the Plaza Accord to fix it. The second time it took a global financial crisis.Now we are in a third wave. Gita Gopinath (Harvard, former IMF Chief Economist and First Deputy Managing Director) and Philip Lane (European Central Bank, CEPR) join Tim Phillips to ask what is different this time.Household and bank balance sheets are stronger than before 2008. But the fragility has moved to governments carrying much higher debt, and to non-bank financial institutions whose exposures and links to banks are only partly visible. Foreign investors hold US$40.7 trillion of US equities, 44% of world GDP outside the US, much of it riding on the AI boom.Lane's overriding principle: central banks can calm bond markets under stress, but they must be just as clear about what they will not do if debt is unsustainable.The research behind this episode:Bai, Chong-En, Gita Gopinath, Hélène Rey, and Axel Weber. 2026. "G7 Economists Memo on Global Imbalances." Prepared for the French Presidency of the G7, 28 March.The panel also draws on the fourth CEPR/Bruegel Paris Report, Paris Report 4: The New Global Imbalances, edited by Hélène Rey, Beatrice Weder di Mauro and Jeromin Zettelmeyer (CEPR Press and Bruegel, 2026), free to download at cepr.org.Gopinath made the keynote presentation “The Third Wave: Addressing Global Imbalances” on 19 June at PSE.To cite this episode:Phillips, Tim, Gita Gopinath, and Philip Lane. 2026. "Addressing Global Imbalances." VoxTalks Economics (podcast). About the guestsGita Gopinath is the Gregory and Ania Coffey Professor of Economics at Harvard University, where her research spans international finance and macroeconomics, dollar dominance, exchange rates and sovereign debt. She was First Deputy Managing Director of the International Monetary Fund from 2022 to 2025, and the Fund's Chief Economist from 2019 to 2022. Philip Lane is Chief Economist and a member of the Executive Board of the European Central Bank, and a Fellow of CEPR's International Macroeconomics and Finance programme. He was Governor of the Central Bank of Ireland from 2015 to 2019, and remains an honorary professor of economics at Trinity College Dublin, where his research covered financial globalisation and European monetary integration.Research cited in this episodeThe three waves of global imbalances. Gopinath frames today's imbalances as the third episode since the 1970s in which national savings and investment have pulled badly out of line, a framing she titled "The Third Wave" in her Atlanta Fed presentation. The first, in the early 1980s, produced the 1985 Plaza Accord, when the US and its G5 partners agreed to talk the dollar down after years of a strong currency and a widening trade deficit. The second built through the 2000s and unwound in the 2008 global financial crisis. In both, the US was the deficit country; the surplus moved from Japan to China.Foreign holdings of US equities. Gross foreign holdings of US equities stood at US$40.7 trillion, 44% of world GDP excluding the US (Gopinath 2026, citing US Treasury data). Gopinath's slides show 54% of gross foreign inflows into US government debt since 2007 and estimate that 61% of the deterioration in the US net international investment position since the global financial crisis has been driven by valuation effects rather than trade deficits.Non-bank financial institutions (NBFIs). Hedge funds, private credit funds, insurers and other institutions outside the regulated banking system now intermediate a large and growing share of global finance. Gopinath's slides show leveraged intermediation migrating from households and banks before the 2008 crisis toward government and non-bank financial institutions today, echoing the concerns set out in the G7 memo and the CEPR Paris Report.The 2020 "dash for cash." In March 2020, US Treasury yields rose sharply even as investors would normally be expected to flee to safety, a sign that market functioning, not just prices, can break down under stress. Gopinath cites the episode as evidence that hedge funds, now bigger players in Treasury market-making, can amplify rather than absorb shocks.ECB crisis tools: PEPP, OMT and TPI. Lane describes three instruments built since 2012 to separate monetary policy from market functioning: the Outright Monetary Transactions programme (2012), designed to backstop governments already in an ESM assistance programme; the Pandemic Emergency Purchase Programme (2020), the ECB's flexible, country-varying response to Covid-19; and the Transmission Protection Instrument (2022), intended to calm unwarranted bond market panic without financing unsustainable debt.US federal debt and the fiscal deficit. Gopinath's slides put federal debt at 108% of GDP in 2025, up from 41% in 2007 and 39% in 2000 (source: Federal Reserve, FRED). In conversation she cites the US fiscal deficit at close to 7% of GDP, at a point in the cycle when the economy is strong. Note this is federal debt specifically; the G7 memo cites a broader measure, US general government debt, at around 120% of GDP, projected to reach around 140% by 2031. The two figures are not directly comparable and should not be conflated in the notes or on air.More VoxTalks Economics episodesThis episode sits alongside three earlier VoxTalks Economics conversations built around the CEPR/Bruegel Paris Report 4, The New Global Imbalances.Global Imbalances Redux, in which Maurice Obstfeld sets out the history of the three waves of imbalances and what today's policymakers can learn from how the first two were resolved.Rebalancing the Chinese Economy, in which Yiping Huang explains why decades of investment-led growth suppressed Chinese household consumption, and what it would take to reverse that.Stablecoins and Global Imbalances, in which Gilles Moec examines how dollar-backed stablecoins help fund the US deficit, and the regulatory gaps that leaves behind.Related reading on VoxEUWhy global imbalances matter again, and what to do about them, a VoxEU column drawn from Chapter 1 of Paris Report 4, setting out why imbalances have widened since 2018 and the risks of a disorderly unwind.Industrial policy, tariffs, and the return of global imbalances, which finds that tariffs are a weak tool for correcting current account imbalances and that industrial policy's effects run mainly through its impact on domestic saving and consumption.

In this episode of the Health Upgrade Podcast, I talk with Waldi Hoon, the founder of yōjō, about her journey into the world of vagus nerve health. She shares how her background in content creation, along with her family's experience with chronic pain, inspired her to help others improve their health using science-based solutions.We also discuss how modern life, from constant stress to information overload and unhealthy habits, affects our nervous system. Waldi explains why building resilience, creating simple daily routines, and finding the right self-care practices can make a big difference. We also explore how YoJo's technology and community help people make these healthy habits part of everyday life.If you're looking for practical ways to reduce stress, improve your wellbeing, and learn more about nervous system health, this episode is for you. If you find it helpful, share it with three friends who could benefit too.Dr. Navaz HabibEmail: podcast@healthupgraded.comFacebook: https://www.facebook.com/DrNavazHabib/Instagram: https://www.instagram.com/drnavazhabib/LinkedIn: https://ca.linkedin.com/in/drnavazhabibWaldi HoonLinkedIn: https://www.linkedin.com/in/waldihoon/Website: https://www.yojo.health/

Rebalancing im BX Musterportfolio: Drei neue Aktien kommen rein, drei Titel fliegen raus. Im Fokus stehen BNP, GE Aerospace und ABB, während Generali, Diamondback Energy und TotalEnergies weichen müssen. Entscheidend sind Dividenden, Margen, Return on Equity und die Frage, ob Ölwerte noch genug Tempo bringen.

Rebalancing toward brand from a performance-only mix lifts revenue ROI by a median of 90%. Yet 67% of senior marketers are still shifting budget the wrong direction. The gap between what marketers know and what they do turns out to be one of the costliest problems in the industry.In this episode, Elena, Angela, and Rob dig into the Multiplier Playbook, a new WARC report that surveyed over 200 senior marketers to identify the structural, cultural, and measurement barriers keeping brands stuck in a performance-only loop. They break down the doom loop, explain the missing 15% of brand value hiding in baseline sales, and discuss what it really takes to close the say-do gap. Topics covered:[01:18] What the Multiplier Playbook found about the say-do gap [02:01] Why 67% of marketers keep shifting budget toward performance [07:15] The doom loop and how performance-only thinking compounds over time [10:56] The missing 15% of brand value hiding in your baseline [14:12] Why 41% of marketers say creativity is seen as a risk [16:13] How brand investment strengthens your visibility in AI-driven search [17:55] Why 90% of ads get pulled before they ever wear inTo learn more, visit marketingarchitects.com/podcast or subscribe to our newsletter at marketingarchitects.com/newsletter.Resources:The Multiplier Playbook: https://www.warc.com/en/the-multiplier-playbook-2026Get more research-backed marketing strategies by subscribing to The Marketing Architects on Apple Podcasts, Spotify, or wherever you listen to podcasts.

Chris Markowski discusses the dangers of AI in wealth management, the decline of the middle class, and the importance of traditional investing principles. He warns about industry trends, regulatory issues, and offers practical advice for investors.

FirstMetroSec's Anjz Baccay talks about our updated view on the PSEi August 2026 Rebalancing, its impact to the market and how the rebalancing will affect some stocks. These and more, only here on Philippine Stock Market Weekly.

As we close out June, the Akashic Records bring a gentle yet deeply healing message:✨ Return to harmony.After months of transformation, release, and powerful energetic shifts, this week invites us to notice where life is naturally seeking greater balance. The Records describe this as a time of rebalancing—an easing of pressure, a softening of old patterns, and a quiet return to wellness.If you've been feeling stretched, overwhelmed, or as though life has been asking a great deal of you, this episode offers a reminder that healing isn't always about doing more. Sometimes it's about allowing what has already begun to settle, integrate, and take root.In this episode, we explore:

Markets are starting to feel the impact of quarter-end portfolio rebalancing, and some of the biggest winners of the year—including technology and artificial intelligence leaders—are beginning to see selling pressure. With stocks still elevated relative to bonds, many balanced portfolios remain overweight equities, creating the potential for additional short-term volatility. In today's Before the Bell, we examine the developing technical setup as markets break below a narrowing consolidation pattern, increasing the probability of a test of the 50-day moving average. We also discuss why the current sell signal remains in place, why relative strength has more room to weaken, and what investors should be watching next. We'll also cover the sharp rally in the U.S. Dollar, the impact of Iran-related developments on oil prices, why commodities are struggling against a stronger dollar, and whether oil is finding support near its long-term average. Finally, we look at the recent pickup in volatility, why the VIX may be waking up after months of complacency, and why this pullback could ultimately create a better opportunity heading into the seasonally stronger month of July. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://youtu.be/REkG7SgcVhw --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo --- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #PortfolioManagement #MarketVolatility #Investing #RiskManagement

This week's show covers social security and fear-related filing, international stocks, emails, and more!

  The Tom Dupree Show  |  Podcast Show Notes Buying a Stock Is Easy. Knowing When to Sell Is Everything. The Tom Dupree Show  |  Dupree Financial Group  |  dupreefinancial.com  |  859-233-0400 Episode Description Every investor knows how to buy a stock. But the moment that determines real wealth — or real loss — is the moment you decide to sell. In this episode of The Tom Dupree Show, Tom Dupree, Lead Advisor Mike Johnson, and in-house analyst James Dupree lay out the sell discipline that has guided Dupree Financial Group’s portfolios for decades, including what triggers a trim, what triggers a full exit, and why waiting for someone else to tell you to sell is one of the costliest mistakes in investing. The conversation covers the full range of situations investors face: growth stocks valued on revenue and margin guidance, dividend payers evaluated on current yield, bonds that raised red flags in a management meeting, and legacy holdings kept alive by emotional attachment rather than logic. The team also addresses taxes, risk profile management, dry powder strategy, and the very human pull of FOMO that causes investors to ride winners too long — and losers even longer. “Buying a stock is easy. Selling a stock — regardless of whether it’s up or down — is a lot harder to do.” Topics Covered ●  Why sell discipline is the foundation of a sound investment process — not an afterthought ●  Valuing growth stocks on revenue guidance and gross margin targets rather than earnings alone ●  How current yield signals when a dividend stock has priced in too much optimism ●  The role of FOMO and emotional attachment in holding positions too long ●  Real examples: Freddie Mac, WorldCom, Kraft Heinz, and a local company that went up 20x and back to zero ●  Trimming vs. full exits: how partial sales create dry powder for new opportunities ●  Tax-smart selling: harvesting losses, the 30-day wash sale rule, and gifting low-basis shares to charity ●  Risk profile management: why one position becoming overweight is itself a sell signal ●  Why Intel’s 26-year performance history is a cautionary tale about holding without a thesis ●  The danger of relying on a single analyst’s buy list — and getting no sell guidance when markets turn Key Takeaways ●  Have a sell target before you buy. When you purchase a stock, establish the price or valuation level at which you would be satisfied selling. If the stock blows past that target, revisit the thesis — don’t just let momentum make the decision for you. ●  Valuation drives both buying and selling. A great company at the wrong price is still the wrong investment. Conversely, a mediocre company can become a strong buy when it gets cheap enough. Regularly re-evaluate what you own against current valuations, not just original purchase logic. ●  Current yield is a sell signal for income stocks. When a dividend-paying stock rises sharply, its yield compresses. If a stock yielded 6.5% when purchased and now yields 3.4% solely because the price doubled, the market is pricing in a level of optimism worth locking in. Consider trimming. ●  Trimming creates options. Most sell decisions don’t have to be all-or-nothing. Taking partial profits — and parking proceeds in money market as dry powder — gives you the flexibility to redeploy into new opportunities when they appear without being fully out of a strong holding. ●  Watch your risk profile, not just your returns. If one position grows to become the largest holding in the portfolio due to price appreciation alone, that concentration is a risk even if the company is excellent. Rebalancing is not a sign of doubt — it’s disciplined portfolio management. ●  Don’t let outdated advice run your portfolio. Tom shared the story of a widow who refused to sell two stocks because her late husband said never to — leaving her with a 2.1% yield when a redeployment could have generated 7%. Circumstances change. Investment advice should too. ●  Emotions are the enemy of good sell decisions. FOMO causes investors to hold too long on the way up. Denial causes them to hold too long on the way down. An investment committee, a written thesis, and objective valuation metrics help counteract the emotional pull that derails individual investors. ●  Taxes are part of the sell equation. In taxable accounts, realized gains have a cost. Pairing gains with losses (tax-loss harvesting), utilizing the 30-day wash sale rule carefully, and gifting low-basis shares to charity are all legitimate tools to make selling more tax-efficient. About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a 47-year veteran of the investment business. Each episode covers the financial topics that matter most to retirees and those approaching retirement — in plain English, without the Wall Street spin. Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. The firm manages separately managed accounts focused on income-generating, dividend-paying portfolios — no products sold, no commissions, no conflicts of interest. Past episodes are available at dupreefinancial.com under the Radio tab. Schedule a Complimentary Portfolio Review If you’re not sure whether your current portfolio reflects a real sell discipline — or whether you’re holding things longer than you should be — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400  |  Visit: dupreefinancial.com Dupree Financial Group is a Registered Investment Advisor (RIA) registered with the Securities and Exchange Commission. Registration does not imply a certain level of skill or training. The information presented on this program is for educational purposes only and does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results. Please consult with a qualified financial advisor before making any investment decisions. The post When to Sell A Stock appeared first on Dupree Financial.

Chris Whalen is back for The Wrap after his fishing trip in Maine, where he caught a 21-inch smallmouth bass! He's very positive on Kevin Warsh's "less is more" approach at the Fed—no forward guidance, likely removing the dot plot, and refocusing on letting the numbers speak for themselves rather than trying to control expectations through communication. Whalen argues the bond market has already delivered a rate hike on its own, and if he were Warsh, he'd wait and see how the Iran peace deal holds before making more moves, given that war inflation is transitory and external to Fed policy. He reveals the definition of inflation will likely be narrowed to minimize rate hikes and avoid tanking the economy, and he's watching a massive rebalancing from equities to bonds at record allocation levels. Whalen sold most of his AI stocks and locked in serious gains, but he's holding SpaceX as a long-term play given Elon's monopolies on space launch and global internet. He warns the AI bubble is going south with Mike Saylor and Bitcoin spiraling, sees gold and silver as a great entry point after being beaten down, and is adding to positions. He explains silver's manufacturing and technology demand while copper faces supply constraints. On Iran, Whalen argues the MOU doesn't solve underlying inflation drivers—diesel, fertilizer, energy ripple through the economy—so double-digit inflation is locked in with no Fed rate cuts coming. He's concerned about private credit festering with two-and-twenty fees still common, distressed debt exchanges now over 70% of defaults since 2022, and he likes Annaly as a mortgage REIT with government-insured assets and mortgage servicing rights providing protection. Whalen notes precious metals could still rise despite rate hikes because central banks will keep accumulating gold as reserve assets. Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira858Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Twitter/X: https://twitter.com/rcwhalen    Use the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 Intro and welcome back Chris Whalen1:47 Warsh sets different tone - No forward guidance, likely no dot plots3:33 Less is more approach - Fed was communicating too much5:43 Bond market has already done the rate hike6:50 War inflation is transitory - External factor Fed can't control7:19 Definition of inflation will be adjusted/narrowed9:10 Bond market doing tightening, not Fed funds rate10:34 Rebalancing from equities to bonds at record levels11:50 Sold most AI stocks, took profits, holding SpaceX12:07 SpaceX monopoly on space/internet - Long term play13:57 AI trade, Bitcoin15:57 Gold/silver beaten up but good entry, adding positions17:02 Silver manufacturing and technology demand17:49 Copper supply/demand - Not enough copper globally19:32 Iran MOU doesn't solve underlying issues21:45 Double-digit inflation locked in - Diesel, fertilizer ripple22:34 Fed can't fix war-driven inflation23:52 No rate cuts coming - Business banking on cuts won't get them24:48 Private credit festering problem - Two and twenty fees26:16 Distressed debt exchanges over 70% of defaults29:27 Annaly - Mortgage REIT with government insured assets30:00 Precious metals could rise despite rate hikes - Central banks buying31:43 Precious metals dollar strength question32:07 Next week

At the World Federation of Hemophilia World Congress in Kuala Lumpur, thousands gathered to discuss the future of bleeding disorders care. Gene therapies. Rebalancing agents. Artificial intelligence. New possibilities seemed to be everywhere. But beneath the excitement, one question echoed throughout the meeting: who still gets left behind? In this episode of the Global Hemophilia Report, Patrick Lynch sits down with Believe Limited's Amy Board, WFH Humanitarian Aid Director Assad Haffar, and Sanofi's Bonnie Anderson to explore the promises of innovation, the realities of global inequity, and the humanitarian efforts working to close the gap. From breakthrough science to life-changing access programs, this conversation examines what "Treatment for All" really means in 2026. Guests: Amy Board – Director, Engagement and Programs, Believe Limited Assad Haffar – WFH Humanitarian Aid Director Bonnie Anderson –  Head of Humanitarian Aid, Rare Diseases at Sanofi   Senior Advisor: Donna DiMichele, MD   Hosted by: Patrick James Lynch   Featured Advertiser: Sanofi   Subscribe to the Global Hemophilia Report Show Notes:   Connect with the Global Hemophilia Report Global Hemophilia Report on LinkedIn Global Hemophilia Report on X/Twitter Global Hemophilia Report on Facebook   Connect with BloodStream Media: BloodStreamMedia.com BloodStream on Facebook  BloodStream on X/Twitter   

I recently sat down with Steve Chen on his Boldin Your Money podcast for a wide-ranging conversation about evidence-based investing — and why it matters more than ever in a world of speculation, hype, and constant financial noise. We covered my early days as a stockbroker in the 1960s, the psychology that trips investors up in downturns, how low-cost index funds transformed personal finance, factor investing and small-cap value, and why younger investors are being pulled toward gambling-like behavior through apps, crypto, and prediction markets. Whether you're just starting out or planning for retirement, I think you'll find it time well spent.KEY TOPICS DISCUSSED• The difference between investing and speculation• Why staying the course is emotionally difficult• Wall Street incentives and investor behavior• The origins of index fund investing• Factor investing and small-cap value explained• Why diversification matters long term• Rebalancing strategies and portfolio management• Financial literacy and generational investing habits• Why gambling behavior is becoming normalized• How AI tools like ChatGPT and Claude are changing education• The psychology behind successful long-term investorsTIMESTAMPS00:00 Introduction02:55 Paul Merriman's start in investing05:20 Wall Street incentives and conflicts of interest08:35 Why investing is harder than it looks12:25 Investing vs speculation15:40 Why people panic during market crashes17:30 The psychology of staying the course19:10 Generational wealth and financial literacy23:40 The case for index funds28:45 Factor investing explained32:30 The four-fund portfolio strategy36:00 Rebalancing and long-term returns38:00 ChatGPT, Claude, and financial education42:15 Market valuations and investor behavior45:30 Building wealth intentionally49:00 Gambling culture and modern investing51:45 Teaching financial literacy to younger generations54:00 Final thoughts on long-term investingRESOURCES MENTIONEDPaul Merriman Foundation: https://www.paulmerriman.com/Try the Boldin Planner for free: https://go.boldin.com/podcasttep110Watch Video here- https://youtu.be/y_i5wrr_tfM

Should retirees live off dividends and bond interest, or use a total return strategy? Don and Tom tackle one of the most persistent myths in retirement investing: that dividend-paying stocks create safer retirement income. They explain why dividends are not “free money,” how dividend-focused portfolios can create hidden risks, and why most academic research favors a diversified total return approach. The conversation explores dividend traps, covered-call income funds, sustainable withdrawal strategies, and the importance of diversification. They also respond to a listener defending Robinhood's platform, debate gamification in investing, and discuss Philadelphia's new automatic retirement savings program designed to help workers without employer-sponsored plans.0:05 Introduction: Dividend income vs. total return investing1:44 Why retirees are attracted to dividend-focused portfolios2:19 What a total return strategy actually means3:37 The appeal of predictable dividend income4:55 High-yield ETFs and the risks behind the payouts5:03 Why dividends are not free money6:10 Larry Swedroe's argument: dividends are not income6:27 Understanding the dividend trap7:05 Extreme dividend yield example: GMEX Robotics8:35 YieldMax and triple-digit yields9:44 Why academics favor total return strategies10:48 Rebalancing as an income source in retirement11:43 The hidden risks of income-focused products13:30 Bridge-playing and retirement banter14:21 How listeners can submit questions15:12 Listener question: Is Robinhood getting unfair criticism?16:13 Robinhood, gamification, and investor behavior18:18 Why “stodgy” may be good for money management19:53 Philadelphia's new retirement savings initiative20:45 Automatic enrollment and retirement success22:30 Why saving must be made easy23:28 Free portfolio reviews at Appella24:21 Discussion of The Line Uncrossed26:47 Family history and future book possibilitiesQuestions? Comments? Click!

Many investors are wondering whether the market is getting ahead of itself, especially when it comes to artificial intelligence and technology stocks. But perhaps the better question is not, “Are we in a bubble?” The better question may be, “How should we respond if we are?” That was the focus of today's conversation with Mark Biller, Executive Editor and Senior Portfolio Manager at Sound Mind Investing. With AI continuing to drive market enthusiasm, many investors are feeling both excitement and concern. The challenge is learning how to respond with wisdom rather than fear. Why Investors Are Concerned About AI and Tech The AI story has been driving markets for several years. One clear example is the tech-heavy Nasdaq, which has risen sharply since the end of the 2022 bear market. More recently, many companies have reported rapid profit growth and have credited AI as a key factor. That has encouraged investors because it shows AI is not merely hype. Companies across many industries are beginning to see real benefits from AI tools, including improved efficiency and increased profitability. At the same time, the demand for AI computing power has caused certain sectors—especially semiconductor stocks—to soar. When any part of the market begins rising almost straight up, investors naturally become nervous. It brings to mind previous market manias that ended in painful declines. Is This Really a Bubble? Calling a bubble in real time is extremely difficult. Even when someone identifies one correctly, acting on that information too early can be costly. Mark pointed to the late 1990s internet bubble as an example. Many investors suspected that Internet stocks were overheated long before the bubble actually burst. Federal Reserve Chairman Alan Greenspan famously warned about “irrational exuberance,” but that warning came more than three years before the market peak. Investors who sold immediately missed significant gains before the downturn finally arrived. That illustrates an important point: even if a bubble is forming, that does not tell investors exactly what to do or when to do it. Markets are forward-looking. Investors are pricing companies not only on current earnings but also on what they believe those companies may earn in the future. If expectations rise dramatically, stock prices often rise with them. So it is possible that some parts of the market, such as semiconductor stocks, may be showing bubble-like characteristics while the broader market does not look as overheated. But the practical question remains: how should investors respond? Avoid Fear-Based Market Timing Most investors would love to avoid downturns without missing the upside. But in practice, that kind of market timing is extremely difficult. Investors often make one of two mistakes. Some sell too early and miss major gains. Others wait too long and sell only after stocks have already fallen, and fear has taken over. That is why a disciplined plan matters. Instead of trying to predict the exact top of the market, wise investors focus on staying invested while managing risk thoughtfully. Historically, some of the market's strongest gains occur late in bull markets. That does not mean investors should ignore risk, but it does mean that fear-based decisions can be costly. Diversification Still Matters One of the most practical ways to manage risk is through diversification. A well-balanced portfolio helps reduce the risk of becoming overly exposed to a single hot sector. Mark offered a helpful way to think about it: if everything you own is rising at the same time, or if nothing you own is rising, you may not be truly diversified. But if some holdings are doing very well while others seem to be lagging, that may actually be a sign that your portfolio is properly balanced. Diversification can feel frustrating when one part of the market is racing ahead. But its purpose is not to maximize every short-term gain. Its purpose is to help investors remain steady through a variety of market environments. Rebalancing Is a Disciplined Way to Manage Risk Another practical tool is rebalancing. When one part of a portfolio has grown significantly, rebalancing allows investors to shift some gains out of fast-rising assets and back into areas that have not run up as much. This helps manage risk without requiring investors to predict the future. Rebalancing also has an emotional benefit. It gives investors a clear process to follow. Instead of asking, “Should I sell everything?” they can simply make measured adjustments in line with their plan. That kind of discipline can help investors avoid impulsive decisions driven by fear or excitement. Keep Reasonable Expectations Investors also need realistic expectations. Markets do not move up in a straight line forever. If you stay invested in strong-performing sectors, there is a good chance you will eventually give back some gains when leadership changes or when a bear market arrives. That is part of investing. The goal is not to avoid every decline. The goal is to participate in the market's long-term growth while managing risk wisely along the way. Even defensive investing comes with trade-offs. Playing defense too aggressively—or too early—can lead to false alarms and missed returns. Staying invested longer may bring more growth, but it also means enduring discomfort when markets pull back. There is no perfect way to avoid every downside while capturing every gain. Know Your Temperament Successful investing is not only about knowledge. It is also about behavior. Investors who tend to do well over time are often those who can remain patient, diversified, disciplined, and emotionally steady in both strong and difficult markets. That is especially important when headlines are filled with bubble talk. Fear can push investors to sell too soon. Excitement can push them to chase what has already risen. Neither is a wise foundation for financial decision-making. A Wise Response to Market Uncertainty When markets look overheated, investors do not have to ignore the risks. But they also do not have to be ruled by them. A wise response begins with a disciplined, diversified, long-term plan. Rebalance periodically. Keep expectations realistic. Understand your own temperament. And avoid making major decisions based on fear, excitement, or the latest market chatter. Markets can stay hot longer than many people expect, and guessing the exact turning point usually creates more problems than it solves. But a thoughtful strategy can help investors respond with wisdom rather than react emotionally. For more on this topic, you can read Mark Biller's article, “How to Handle a Bubble,” at SoundMindInvesting.org. Sound Mind Investing has been helping Christians make biblically informed investing decisions for more than 30 years, offering practical guidance for investors who want to approach the markets with wisdom, discipline, and a long-term perspective. On Today's Program, Rob Answers Listener Questions: I have some very old debts that have been removed from my credit report. I want to handle them ethically and with integrity. Should I try to negotiate reduced settlements with creditors, or should I aim to repay the full amount I originally owed? I have a whole life insurance policy I no longer need because I already have adequate coverage. With a child heading to college in about a year and a half, is there a tax-wise way to use the policy's cash value for college savings? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Sound Mind Investing (SMI) | SMI Private Client How to Handle a Bubble by Mark Biller (Article on SoundMindInvesting.org) Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Don takes listeners on a journey through nearly four decades of investment advice, explaining how his thinking evolved from recommending active mutual funds in the 1980s to embracing index funds, factor investing, and eventually ETFs. Along the way, he and Tom discuss Vanguard's rise, Don's early relationship with Paul Merriman, the emergence of Dimensional Fund Advisors and Avantis, and why their recommendations have changed over time. They also address listener skepticism about fund recommendations, compare Avantis and Vanguard products, answer a tax-efficient portfolio rebalancing question from a retired couple, and debunk a marketing pitch for “layered income portfolios.”0:08 Don shares the story of his early days giving investment advice from Leadville, Colorado2:56 The active management era and why great fund managers were once considered essential3:52 Vanguard's early growth and the gradual acceptance of index investing5:38 Don discusses Vanguard sponsoring his radio show and maintaining disclosure transparency6:55 Paul Merriman introduces factor investing and Fama-French research9:10 Early Dimensional Fund Advisors portfolios and advisor-only access10:56 The rise of ETFs, Dimensional's hesitation, and Avantis' origins11:23 The 2010 ETF flash crash and why Tom and Don were initially cautious13:29 Why factor investing remains compelling despite uncertain future returns14:20 Addressing listener skepticism about Avantis recommendations16:07 Comparing AVUV and Vanguard VBR small-cap value funds17:44 Comparing AVGE and Vanguard VT global equity funds19:15 Clarifying compensation, conflicts of interest, and transparency21:27 Listener Anton asks about tax-efficient portfolio rebalancing in retirement26:03 Why holding bonds inside IRAs can improve tax efficiency27:23 Discussion of Roth conversion strategies and tax considerations30:20 Listener asks about “Layered Income Portfolios”31:05 Why income portfolio marketing pitches are often more sales than substanceQuestions? Comments? Click!

This week is going to feel like a full sensory experience. Venus in Leo makes three major aspects in four days, moving through electric creative energy on Monday, dreamy romantic energy on Tuesday, and an intensity that asks you to get clear and intentional by Wednesday. Then Chiron enters Taurus on Thursday and the whole frequency drops into deeper and slower introspection and reevaluation of our worth esp in work and relationships. The week builds and then it asks you to go inward. Stay present for all of it.   --- 20% off Fathers Day say: Use promo code KINGOFCUPS at checkout for 20% off now through June 20: https://www.cardsyb.com/virtual-readings Solstice Reset Reading:  https://www.cardsyb.com/booking-calendar/solstice-reset-reading-free-gift?referral=service_list_widget     A 45-min intuitive + numerology reading with tarot + shadow/block analysis + free ritual   Many clients who took advantage of the Wheel of the Year reading in Jan have shared the accuracy of what as predicted. We're now at the June Solstice- the half way point and "half-time" show of the wheel of the year. Mercury is about to go retrograde at the end of June (29th) and now is the most important time to clarify our path ahead to be able to actualize our potential and highest timeline in love and financial abundance This 1:1 session is designed to help you step into the year with clarity, direction, and grounded confidence. Through tarot and personalized numerology, we'll explore the key themes, opportunities, and lessons influencing your next 6 months, along with illumination of any shadow/blocks that to be cleared at the solstice season where we have access to the most amount of light. You'll also receive a complimentary summer solstice ritual. Perfect if you have been feeling the change and upgrades that are available as we enter the second half of the year and you want to illuminate how to best work with them  

It's the halfway point of 2026. Do you know if your retirement plan is on track? In this episode of Safer Retirement Radio, Brian Decker and Arrin Wray of Decker Retirement Planning walk through their mid-year review process: what to check, what to question, and where the common blind spots are. What this episode covers: • The mid-year checklist: portfolio allocation, spending versus budget, and whether your 401(k), IRA, Roth, and HSA contributions are still on pace • Why set-percentage withdrawal rules like the 4% approach can fall short in a flat market cycle, and how Decker structures income across emergency cash, principal-protected accounts, and a separate risk bucket • Brian's case against traditional quarterly rebalancing, and how relative strength, sector rotation, and momentum strategies shape what Decker clients own right now • What history shows about market valuations above 30 times trailing earnings, and the two ways portfolios have historically generated returns in flat market cycles • The disconnect between record stock prices and a squeezed economy: layoffs, flat unemployment, and why half the country feels it differently than the other half • The mindset shift from saving to spending, including how retirees can think about emergency cash and permission to actually use the money they spent decades building If you're within a few years of retirement, or already there, this episode lays out the questions worth asking before the second half of the year. Schedule a no-cost conversation: 833-707-3030 Free resources, including Brian's book The Decker Approach and a sample income plan, are available at DeckerRetirementPlanning.com under Safer Retirement Education. Serving families in Salt Lake City, Seattle/Bellevue, and the Bay Area, and virtually nationwide. Investment advisory and insurance services offered through Decker Retirement Planning, Inc., a registered investment advisor. Investing involves risk, including the potential loss of principal. Any references to protection or safety generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims-paying ability of the issuing carrier. This show is for informational purposes only and is not tax or legal advice. This radio show is a paid placement.

Viele Anleger warten auf den perfekten Einstiegszeitpunkt. Auf die nächste Korrektur. Auf bessere Kurse. Oder eben auf September. Doch genau dieses Warten kostet oft Rendite. Verhaltensökonom Nikolas Kreuz erklärt, warum unser Gehirn an der Börse häufig zum größten Gegner wird. Warum Anleger Gewinneraktien zu früh verkaufen, Verluste zu lange aussitzen und sich von Schlagzeilen, Angst und Herdentrieb leiten lassen. Außerdem geht es um die richtige Balance zwischen ETFs und Einzelaktien, die Frage, wann Rebalancing sinnvoll ist – und warum der Hype um SpaceX ein Lehrbuchbeispiel für Börsenpsychologie sein könnte. Eine Folge über die Denkfehler, die Anleger Geld kosten – und darüber, wie man sie vermeiden kann. Kontakt: brichtaundbell@gmail.com

Nearly every major index is at a record high — and everyone's asking the same question: is this the beginning of something great, or the end of something that's gone too far?This week on Money On Tap, Ben Brayshaw and Dan Michelon take that question apart with 75 years of market history, a few statistics that genuinely surprised them, and a clear look at what a record high means for you — whether you're decades from retirement or already drawing income.What you'll learn:The Fidelity data showing investing at an all-time high beats investing on a random dayWhy a record high is usually a signal of a healthy economy, not a topA walk through 1982, 1987, 1995–1999, 2000, 2009, and 2020Why today's AI market looks more like 1995 than the 2000 dot-com bubbleWhy timing the market is a loser's game — and why taking profits isn't fearSequence-of-returns risk — why the first years of retirement decide everythingBuffered ETFs — staying in the market with downside guardrailsAnnuities with lifetime income and long-term-care ridersPlus Money In The News:American financial literacy hits a 10-year low — U.S. adults answered just 47% of the TIAA Institute's 2026 questions correctly (Yahoo Finance, Kerry Hannon)America's data-center build-out falls behind schedule — Google's $80B equity raise and what it signals about AI's real cost (WSJ, Katherine Blunt)Exxon chief warns oil could spike to $160–$170 a barrel as strategic reserves run thin (Fox Business, Robert McGreevy)Mentioned on air: Our short sequence-of-returns risk video — watch it at brayshawfinancial.com.Read the companion blog: brayshawfinancial.com/blogSchedule a free consultation: app.greminders.com/t/9f3ce72e/initialconsultaFull Money On Tap episode library: brayshawfinancial.com/money-on-tapContact UsPhone: 855-226-8551Email: info@yourmoneyontap.comOffice: 116 South River Road, Bedford, NH 03110Web: brayshawfinancial.comWhat is the retirement red zone, and why does it matter? The retirement red zone is the roughly ten-year window covering the five years before and the five years after your retirement date. It matters more than almost any other period because of sequence-of-returns risk: a major market downturn while you're beginning to withdraw income can permanently damage the plan, even if the market later recovers. Two people who invest identically but retire a few years apart can end up with opposite outcomes based solely on timing. Navigating the red zone means shifting from maximizing gains to mitigating losses — stress-testing the plan, building a cash runway, rebalancing, diversifying, and adding guardrails like buffered ETFs and guaranteed income.

In this episode, Monika examines two important developments that shaped the economic conversation over the past week: the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25%, and India's strong FY26 GDP growth of 7.7%, with the fourth quarter growing at 7.8%. She explains how the RBI's inflation-targeting framework and relatively low inflation of 3.1% have given policymakers valuable room to maintain rates despite the inflationary pressures created by the West Asia conflict and elevated crude oil prices. Revisiting the basics of the repo rate and its role in controlling inflation and credit costs, she argues that prudence always appears boring during good times but proves invaluable when crises emerge. The lesson, she says, applies equally to nations and to individuals managing their own money.She then turns to the growth story and why India's economic momentum remains intact despite rising global uncertainties. Looking at broad-based indicators including agriculture, steel, cement and commercial vehicle demand, Monika highlights that FY26 was a remarkably strong year and that India entered the current period of geopolitical turmoil from a position of strength. While the RBI's projection of 6.6% growth for FY27 reflects caution amid higher oil prices and global fragility, she argues that India's growth has merely been “shaved, not sunk.” Had the current conflict not erupted, the country was positioned to exceed 8% growth. She reminds listeners that the government and the RBI still possess several policy tools to support the economy, from attracting foreign capital to deploying monetary and fiscal measures. Her message remains consistent with previous episodes: prepare for a slowdown, but reject the merchants of doom. India may face turbulence, but it is far from crisis.In listener questions, Srinivas asks whether LIC annuity products deserve a place in retirement planning, prompting Monika to examine the broader case for and against annuities, discussing guaranteed lifelong income, simplicity and protection from market volatility, while also highlighting their low returns, inflation risk and tax disadvantages compared with alternatives like debt funds and systematic withdrawals; Bhavesh, an NRI with a carefully constructed 50:50 portfolio, seeks guidance on how to rebalance during market corrections and transition debt allocations as retirement approaches, leading to a detailed discussion on the hierarchy of redeeming maturing fixed deposits, arbitrage funds and debt funds while preserving long-duration gilt investments; and Rachana from Coorg shares her concerns about retiring early with a ₹1.25 crore corpus and no pension, opening up a conversation about longevity risk, healthcare costs, protecting capital, and the importance of continuing to earn for as long as possible in order to strengthen financial independence in later life.Chapters:(00:00 – 00:00) Why India's Growth Story Is Shaved but Not Sunk(00:00 – 00:00) RBI Holds Rates Steady as Inflation Stays Under Control(00:00 – 00:00) The Pros and Cons of Annuities for Retirement Income(00:00 – 00:00) Rebalancing a Portfolio: Which Debt Investments Should Go First?(00:00 – 00:00) Is ₹1.25 Crore Enough to Retire at 45 Without a Pension?https://www.pib.gov.in/PressReleasePage.aspx?PRID=2269286®=48&lang=2https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR3855508EB4A59FF46F9B57BBA200AA250B8.PDFIf you have financial questions that you'd like answers for, please email us at ⁠mailme@monikahalan.com⁠

Overview: After a brief hiatus, we're back just in time for the start of summer. Join us on this week's episode of Launch Financial as we discuss what's been driving markets lately, why volatility can make investors uneasy, and the importance of staying focused on your long-term plan. Given where the markets were just a few months back in March to the recent record highs, it might be prudent to take a look at your portfolio to identify if it has drifted from its targets. Tune in for our thoughts and insights on financial planning items to tackle to start June, and email info@shermanwealth.com with any questions.  Show Notes: 

2026 Industrial Outlook: Market Rebalancing, Big Box Demand & Nearshoring Live at the IAMC conference in Little Rock, hosts interview Stephanie Rodriguez, who leads Colliers' industrial platform, about her people-focused approach to client and team relationships and her extensive travel (over 300,000 American Airlines miles last year). She discusses Colliers' positioning and performance, noting an uptick after Q1 in industrial deal and revenue counts and a stronger start to 2026, plus continued talent recruitment. Rodriguez highlights regional market dynamics: low-vacancy, conservative development and steady rent growth in the central region; strong Southeast demand driven by population growth and onshoring/nearshoring; and West Coast stabilization tied to ports. Growth drivers include steady e-commerce, dominant 3PL leasing activity, reshored advanced manufacturing (chips, pharmaceuticals), and capital-intensive data centers. Institutional owners remain focused on build-to-suit, with selective return to speculative development in low-vacancy markets and renewed big-box demand, including increased Amazon activity. 0:00 Intro and Guest Introduction 2:15 Colliers Platform and Regional Trends 5:10 Growth Sectors: 3PLs and Manufacturing 7:00 Institutional Perspectives and Spec Development 8:20 Big Box Trends and Upcoming Conferences

Tom and Don dismantle the myth of “free money” from high-dividend stocks and ETFs, explaining why chasing yield often leads to poor diversification, lower total returns, and disappointing long-term performance. Using examples like Campbell's, Kraft Heinz, and Whirlpool, they show how dividend-paying companies can still destroy shareholder value while the broader market marches higher. The episode also features listener questions on military retirement planning with a pension-heavy income stream, asset allocation and Roth contributions near retirement, how to structure a UC retirement portfolio using low-cost index funds and small-cap value tilts, and the smartest way to generate retirement withdrawals from a balanced portfolio. Along the way, Don plugs his new Civil War novel The Line Uncrossed and the hosts revisit some old radio history.0:05 Dividend investing myths and “free money” thinking2:18 Why retirees are drawn to dividend stocks and ETFs4:03 Huge inflows into high-dividend ETFs despite lower expected returns5:19 Total return vs. income investing explained5:45 Campbell's Soup and Kraft Heinz as dividend trap examples7:06 Whirlpool cuts long-running dividend after financial strain8:10 Why total return matters more than yield9:10 Vanguard Dividend Growth vs. S&P 500 performance comparison10:44 The dangers of concentrated dividend strategies12:19 Why “magic income” strategies usually disappoint13:32 Military retirement caller asks about pensions, Roths, and mortgage payoff17:43 Using pensions as bond-like income in portfolio allocation18:41 Caller shifts from U.S.-only investing toward global diversification20:28 Don discusses The Line Uncrossed and companion Civil War stories22:30 UC employee asks about AVGE/DFAW vs. ultra-cheap UC index fund24:39 Suggested mix using low-cost index fund plus small-cap value tilts26:04 Listener thanks Don for decades of investing guidance27:58 Retirement withdrawal strategies from a 60/40 portfolio29:19 Rebalancing as the primary source of retirement cash flow30:14 Why retirement distribution planning matters32:35 Fiduciary advice vs. product sales pitches33:54 Friendly rivalry with Stacking BenjaminsQuestions? Comments? Click!

Tom and Don tackle the impossible task of spotting market bubbles in real time, leaning on insights from Jason Zweigand Eugene Fama to argue that if bubbles were truly predictable, they wouldn't exist. They discuss soaring semiconductor and AI-related stocks, speculative manias from tulips to SPACs to Bitcoin, and why diversification and disciplined rebalancing beat emotional market timing every time. Listener questions cover tax-loss harvesting and wash sales involving VT, VTI, and VXUS ETFs, family conversations about money, Roth conversion strategy for a wealthy near-retiree, and Dimensional's refusal to chase hot IPOs despite the S&P 500's changing rules. Along the way, there's plenty of classic TRM banter about giant brains, vacation boredom, and the dangers of trying to outsmart markets that are probably smarter than all of us combined.0:05 Bubble noises, market mania, and why everyone thinks they can spot bubbles1:11 Jason Zweig on semiconductor stocks soaring nearly 40% in a month2:23 Emerging markets, small value, and global stocks compared to AI-driven speculation3:39 Eugene Fama explains why bubbles are impossible to identify in real time4:26 Dot-coms, Bitcoin, SPACs, and the legendary tulip bulb bubble5:03 Why “doing nothing” often beats reacting emotionally to market fears5:51 Jason Zweig's sign of a bubble: when critics get attacked instead of debated7:15 Rebalancing, diversification, and why the S&P 500 alone isn't enough9:41 Listener question on tax-loss harvesting, wash sales, and replacing VT with VTI and VXUS14:05 Why families should talk openly about money instead of outsourcing financial education to TikTok17:44 Near-retiree with $7.3 million asks about Roth conversions and paying taxes from IRAs20:36 Dimensional responds to S&P rule changes allowing earlier IPO inclusion21:15 Why Dimensional avoids IPOs during their first year after going public22:39 Allbirds' collapse from a $2.2 billion IPO to a $39 million sale24:47 Why waiting before buying IPOs may reduce riskQuestions? Comments? Click!

What investment habits can quietly hurt your retirement plan? In this episode of Dollars & Sense, Chet and Rob break down 7 common investor behaviors that can create unnecessary risk for retirees—from holding too much cash and trying to time the market to ignoring taxes, chasing yield, skipping rebalancing, overreacting to headlines, and failing to adjust your strategy over time.  If you are retired or getting close to retirement, this conversation will help you think more clearly about how your portfolio, withdrawal strategy, and long-term plan should work together. The goal is not perfection—it is discipline, clarity, and making thoughtful decisions that support your lifestyle over the long run.  In this episode, we cover: • Why too much cash can create inflation risk • How market timing can hurt long-term returns • Why tax-efficient withdrawals matter in retirement • The hidden danger of chasing yield • Why rebalancing is essential • How reacting emotionally to news can backfire • Why your investment plan should evolve over time  If you enjoy practical retirement planning conversations like this, be sure to like, subscribe, and share this episode with someone preparing for retirement or already living in it. 

Listen for the latest from Bloomberg News See omnystudio.com/listener for privacy information.

In this episode we answer emails from Milo, Scott, and Joel.  We discuss bad advisor incentives and how to classify them by their business models, identify the only business model you want to patronize, and then move on to Treasury STRIPS and rebalancing realities, practical withdrawal mechanics with a test portfolio, and why Bitcoin's high correlation to tech stocks undermines its role as a diversifier. We also celebrate the final results of the Fairfax CASA matching campaign and share a thank-you message from their executive director.Links:Classifying Financial Advisors By Their Business Models:  Interacting with the Financial Services Industry with SC GutierrezKitces Article on Rebalancing:  Optimal Rebalancing – Time Horizons Vs Tolerance BandsBuilding a Sample Portfolio Video:  We Built a 5% SWR Retirement Portfolio Using Fidelity in 48 Minutes (Golden Ratio Portfolio) - YouTubeVideo on Managed Futures and SDMF:  Simplify SDMF in Focus - YouTubeBreathless Unedited AI-Bot Summary:A matching donor puts $20,000 on the table, the audience steps up, and suddenly Fairfax CASA is funded far beyond what anyone expected. We start with that story because it says something important about this community: you can be serious about investing and still lead with empathy. We share the final campaign results and a message from Fairfax CASA's executive director about what this support means for children navigating foster care and the court system.Then we shift back to what Risk Parity Radio does best: practical emails from DIY investors who want clearer rules and fewer regrets. We talk about the “67-fund portfolio” problem, why complexity is often a sales tactic, and how to screen out conflicted advice from banks, credit unions, insurance shops, and big marketing-heavy firms. We also dig into the AUM model versus flat fee and hourly planning, plus why smart retirement planning often comes down to tax planning and behavioral discipline more than picking the perfect fund.From there, we get hands-on with portfolio construction and process. We cover Treasury STRIPS funds like GOVZ, why you cannot reliably time the best rebalancing moment during a recession, and what to do instead with partial rebalancing or rebalancing bands. We also answer a nuts-and-bolts withdrawal question using a test portfolio approach, and we close with a straight take on Bitcoin correlation: if it moves with stocks, it is not diversification. Along the way, we explain what “alternative assets” really means and why gold and managed futures keep showing up in risk parity style asset allocation.Subscribe, share this with a friend who's tired of salesy advice, and leave a review so more investors can find the show.Support the show

What happens to the modern law firm when AI strips away the advantage of size and leaves judgment as the true measure of value?   Robb Patryk joined Chris Batz and Howard Rosenberg to talk about why AI may reset some of the biggest assumptions in the legal industry. If sophisticated legal work no longer depends on armies of lawyers, what actually gives a firm its edge? For Robb, the answer is clear. Sharp judgment, trusted client relationships, and a strategy that knows exactly which problems a firm is built to solve.   This conversation gets to the real pressure point behind all the AI hype. What happens to training when junior lawyers no longer learn through hours of document review? What happens to growth when bigger no longer means better? Robb makes the case for a more deliberate future where independent firms can stay competitive, stay focused, and stay human while using AI to move faster and think better.   There is also a bigger leadership question running through this episode. How do you protect a firm's identity when the market keeps pushing toward consolidation, private equity, and scale at all costs? Robb offers a grounded look at what it takes to lead with conviction in a moment when the legal world feels wide open. Episode Breakdown: 00:00 AI in Law Firms and the Future of Independent Firms 08:02 Law Firm Strategy, Growth, and Practice Mix 12:33 How AI Will Reshape Legal Talent and Firm Scale 16:09 Private Equity, Non-Lawyer Ownership, and Law Firm Culture 23:45 How Independent Law Firms Stay Competitive Connect with Robb Patryk: Robb's Law Firm Web Bio  Connect with Robb on LinkedIn     Connect with Howard Rosenberg: Connect with Howard on LinkedIn  Howard's Company web profile   Connect with Chris Batz: Connect with Chris on LinkedIn  Follow Columbus Street on LinkedIn Columbus Street Website  MergerWatch Website Podcast production and show notes provided by HiveCast.fm  

Rising prices are changing the way people think about retirement, and the ripple effects show up faster than expected. On this episode, Kevin Madden breaks down how inflation, market swings, and overlooked portfolio risks can quietly reshape retirement income. The conversation covers cash flow planning, balancing growth and stability, why rebalancing matters, and how issues like Medicare IRMAA and evolving retirement strategies fit into today’s landscape. It’s a practical discussion about adapting plans as the cost of living and market behavior continue to shift. Get Your Complimentary Retirement Roadmap Your roadmap will include: A retirement income strategy A test to see how long your money will last A tax-planning strategy See omnystudio.com/listener for privacy information.

Tom and Don take aim at the persistent myth that active management adds meaningful long-term value, using a new study highlighted by Larry Swedroe showing that 1,260 balanced mutual funds dramatically underperformed simple low-cost index portfolios from 1990–2021. The duo contrasts expensive actively managed balanced funds with inexpensive index strategies like the Vanguard Balanced Index approach, illustrating how fees alone can devastate long-term returns. Along the way, they discuss the emotional challenge of rebalancing, the hidden costs inside broker-sold funds, and why simplicity usually beats complexity in investing. Listener questions cover paying off a high-interest HELOC, whether gold or silver make sense as CD replacements, how advisor fees relate to the 4% withdrawal rule, and the behavioral value of good fiduciary advice. The episode wraps with a detour into collectible stock certificates, including Enron, Washington Mutual, and even Trump Media, proving once again that Talking Real Money can turn almost anything into a financial lesson and a comedy bit.0:05 Satirical opening mocking the “you need a professional” investing pitch0:27 The enduring myth that active management beats indexing1:40 Larry Swedroe study on 1,260 balanced mutual funds vs. index portfolios3:05 Balanced funds underperform across returns and risk-adjusted metrics4:32 Massive fee differences between active funds and index funds6:05 Rebalancing challenges and lousy 401(k) investment menus7:05 American Funds Balanced Fund fee breakdown shocks Don8:49 Vanguard Balanced Index Fund cost comparison9:36 Why advisor fees are different from high mutual fund expenses10:30 Simplicity and low costs win most of the time11:41 Enron stock certificate becomes a lesson on stock-picking risk14:47 Listener question about paying off a 7.1% HELOC19:29 Whether pensions should count as “bond-like” assets21:42 Gold and silver vs. CDs discussion25:40 Does the 4% rule include advisor fees?26:11 Vanguard Advisor Alpha and the behavioral value of advisors27:32 Fiduciary advice, tax management, and preventing investor mistakes28:50 Collectible stock certificates and bizarre eBay discoveries30:48 Closing banter and preview of future unpredictabilityQuestions? Comments? Click!

Liz Ann Sonders and Collin Martin examine the market backdrop shaped by the Middle East conflict, noting that while oil price volatility has influenced inflation expectations and Treasury yields, its broader economic impact has been limited so far due to lag effects and structural shifts in the U.S. economy. Meanwhile, investor attention has returned to earnings season and AI-driven growth, with a narrow group of mega-cap companies responsible for a disproportionate share of earnings upgrades—highlighting ongoing concentration risks in both markets and fundamentals. Then, Collin Martin is joined by Inga Rachwald, director and senior investment portfolio strategist supporting Schwab Asset Management. Inga addresses common challenges, including the perceived breakdown of diversification during periods of market concentration or rising rates, and explains why these are often misinterpretations driven by inappropriate benchmarks. The discussion introduces goal-based investing as a more practical framework, aligning portfolios with specific time horizons and objectives rather than short-term performance comparisons. Finally, Collin and Liz Ann look ahead to next week's upcoming macroeconomic indicators and key data releases.  To learn more about behavioral biases that can cloud your judgment, check out the latest episode of the Choiceology podcast, hosted by Katy Milkman. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Diversification, asset allocation and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Currency trading is speculative, very volatile and not suitable for all investors. Investing in cryptocurrencies involves risk, including the risk of total loss of principal invested. Cryptocurrencies such as bitcoin and ethereum are highly volatile, are not backed or guaranteed by the bank, any central bank or government; are not deposits; are not FDIC insured; are not SIPC protected; and lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Investing in alternative investments is speculative, not suitable for all clients, and generally intended for experienced and sophisticated investors who are willing and able to bear the high economic risks of the investment. Investors should obtain and carefully read the related prospectus or offering memorandum, which will contain the information needed to help evaluate the potential investment and provide important disclosures regarding risks, fees and expenses. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions Inverse correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. (0526-DH17) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Looking for a financial planner?  → PlanWithJesse.com In this Ask Me Anything episode, Jesse explores the delicate balance between overcomplicating and oversimplifying financial decisions in retirement, arguing that while many investors get lost in unnecessary complexity, others fall into equally dangerous "too simple" thinking. He tackles four listener questions that highlight this tension across key planning topics. First, he critiques advanced tax-loss harvesting strategies like long-short and direct indexing approaches, explaining that while they can generate short-term "tax alpha," they often rely on leverage, incur higher fees, and merely defer—rather than eliminate—taxes, raising the question of whether investors are letting the tax tail wag the investing dog. Next, he addresses withdrawal rates, pushing back on the overly simplistic idea that earning 8% supports a perpetual 5% withdrawal, and instead emphasizes sequence-of-returns risk and the importance of flexible spending, framing the 4% rule as a conservative starting point rather than a fixed law. He then dives into Social Security strategy, debunking fears of system collapse, outlining the real implications of trust fund depletion, and demonstrating how optimal claiming decisions—especially for couples—depend heavily on longevity, spousal dynamics, and the value of delaying benefits as a form of longevity insurance. Finally, Jesse examines portfolio rebalancing, clarifying that its purpose is risk control—not return enhancement—and, drawing on research, argues that a simple annual rebalancing approach (augmented by ongoing cash flow adjustments) is both efficient and sufficient. Across all four topics, the unifying theme is clear: good financial planning lives in the nuanced middle ground—simple enough to execute, but not so simple that it ignores the real complexities that drive long-term outcomes. Key Takeaways: • Financial planning often fails at both extremes: too complex or too simplistic. The optimal approach lies in a nuanced middle ground tailored to real-world conditions. • Investors should avoid letting tax considerations override sound investment decisions. • A portfolio gaining value consistently is not a problem—even if it limits tax-loss opportunities. • Sequence-of-returns risk makes early retirement years disproportionately important. • For couples, Social Security claiming decisions must consider spousal and survivor benefits. • Rebalancing is about maintaining risk levels, not boosting returns. Annual rebalancing, combined with adjusting contributions and withdrawals, is typically optimal and efficient. Key Timestamps:(02:52) – Tax-Loss Strategy Question (07:51) – Long/Short Explained (11:34) – Direct Indexing Drawbacks (15:35) – Withdrawal Rate Myth (22:30) – Will Social Security Survive? (30:31) – Spousal and Survivor Rules (39:08) – Portfolio Rebalancing Basics (45:24) – Simple Annual Rebalance Plan Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: https://bestinterest.blog/e121/ https://www.vanguardmexico.com/content/dam/intl/americas/documents/latam/en/2022/10/mx-sa-2558523-rational-rebalancing-an-analytical-approach.pdf More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Consider working with me at → PlanWithJesse.com The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

After 100 episodes, what has the China Desk revealed about the Chinese Communist Party, U.S. strategy, and the future of global competition? In this special milestone edition of The China Desk, the roles are reversed. Host Steve Yates becomes the guest, while Andrew Langer, host of the Lunch Hour Podcast, steps in to lead the conversation — reflecting on the biggest lessons, themes, and takeaways from the first 100 episodes. Since launching in 2023, China Desk has featured conversations with policymakers, analysts, and subject matter experts across the spectrum of U.S.-China relations. In this episode, Yates steps back to examine what those discussions reveal about where the relationship stands today — and where it is headed. A major theme is the idea of reciprocity — a principle that has shaped many China Desk conversations. Yates explains why the U.S. should rethink policies that grant China access and advantages not reciprocated in return, and how this concept is beginning to influence broader trade and geopolitical thinking. The discussion also covers: • What Steve Yates has learned from 100 episodes of China Desk • Why listening — not talking — is key to meaningful policy conversations • The origins and impact of the U.S. “engagement” strategy with China • Why the “China will become like us” assumption failed • How CCP power structures shape behavior at home and abroad • The concept of reciprocity in trade, policy, and diplomacy • How China's system differs fundamentally from Western governance • The evolving U.S.–China strategic and economic relationship • The role of China in global conflicts, including Iran and Ukraine • The complex relationship between China, Russia, and authoritarian regimes • Why authoritarian systems can endure despite internal weaknesses • How economic growth reinforced CCP control over the population The conversation also explores the human dimension of China policy — including how decades of political control, economic transformation, and social upheaval have shaped the Chinese population's relationship with the state. Looking forward, Yates outlines three core priorities for U.S. policy: • Rebalancing the economic relationship with China • Reinforcing deterrence and demonstrating American strength • Strengthening and realigning global alliances The episode closes on a more personal note, as Yates reflects on family, loss, and the importance of stepping away from policy work to reconnect with what matters most. After 100 episodes, one message is clear: understanding China requires not just analysis — but listening, perspective, and a willingness to challenge long-held assumptions. 00:00 — Intro + 100th episode special format 00:08 — Andrew Langer guest hosts the China Desk 00:35 — Celebrating 100 episodes and show impact 00:57 — Steve Yates introduction and background 02:28 — What Steve Yates has learned from 100 episodes 03:15 — Why listening matters more than talking 04:02 — Building trust with guests and audience 06:11 — Has anything changed his perspective? 07:08 — Bipartisan conversations and policy framing 07:58 — Where U.S.–China relations stand today 08:16 — The concept of reciprocity explained 10:04 — Why engagement with China failed 11:03 — The “fatal conceit” of Western assumptions 13:53 — China–Russia relationship and strategic alignment 15:32 — Lessons from the Cold War and Soviet Union 16:48 — CCP control over Chinese society 18:02 — Information control and political power 19:02 — Why authoritarian systems persist 19:56 — Historical trauma and CCP legitimacy 21:02 — Economic growth vs political control 22:10 — Three priorities for U.S. policy moving forward 22:32 — Rebalancing the economic relationship 23:57 — Reinforcing deterrence and American strength 24:39 — Rethinking alliances and global priorities 25:44 — Outside interests: family, outdoors, and faith 27:33 — Where to find the China Desk podcast 28:24 — Closing Watch Full-Length Interviews: https://www.youtube.com/@ChinaDeskFNW

In this episode of 'Retire with Style', Wade Pfau and Alex Murguia delve into the intricacies of tax planning as part of retirement strategy. They discuss the importance of asset location in retirement accounts, the pitfalls that retirees face regarding taxes, and strategies for effective tax planning. The conversation emphasizes the need for careful consideration of how different types of income can impact tax liabilities, including Social Security and Medicare premiums. The hosts also highlight the significance of rebalancing portfolios in a tax-efficient manner and the benefits of utilizing tax maps for better financial planning. Listen now to learn more!   Takeaways Asset allocation should come before asset location in retirement planning. Tax-efficient asset classes should be prioritized in taxable accounts. Rebalancing in tax-advantaged accounts avoids generating taxable income. Understanding the social security tax torpedo is crucial for retirees. Roth conversions can be strategically timed to minimize tax impact. Medicare premiums can significantly increase based on income levels. Effective tax planning can lead to substantial savings in retirement. Utilizing buffer assets can help manage tax liabilities effectively. Tax maps can guide retirees in making informed financial decisions. Regularly reviewing tax strategies is essential for optimal retirement planning. Chapters 00:00 Introduction to Retirement Planning and Tax Strategies 02:52 Understanding Asset Location in Retirement Accounts 17:34 Tax Pitfalls in Retirement Planning 30:02 Strategies for Effective Tax Planning Links

The hemophilia treatment landscape is evolving faster than ever. In this episode of Global Hemophilia Report, Patrick James Lynch and Dr. Donna DiMichele are joined by Drs. Hermans, Carpenter, and Hansen to break down the emerging class of rebalancing agents—therapies that don't replace clotting factor, but target new parts of the coagulation cascade. We explore what these treatments mean for patients, clinics, and shared decision-making around the world. Key takeaways include the urgent need for real-world data, better patient education, and the potential for new therapies to protect joint health in ways never seen before. Tune in to hear expert insights, practical considerations, and the future of hemophilia care. Guests: Dr. Cedric Hermans, MD, - Hemophilia Centre,  Saint-Luc University Hospital, Brussels  Dr. Shannon Carpenter, MD - Pediatric Hematology, Kansas City Hemophilia Center: CJ Hansen BSN, RN - Nurse Coordinator & Program Manager,  OSU Comprehensive Cancer Center, Patient Advocate   Senior Advisor: Donna DiMichele, MD   Hosted by: Patrick James Lynch   Featured Advertiser: Sanofi   Subscribe to the Global Hemophilia Report   Show Notes:   The Bigger Picture in Hemophilia B:  Hemophilia A and hemophilia B are different bleeding disorders with unique pathologies and clinical features.1 Due to the distinct behavior of factor IX, multiple PK parameters should be considered when assessing bleed prevention. Learn how a broader view of PK may influence evaluation of treatment and management for patients with hemophilia B.2,3 Learn more at thebiggerpictureinhemb.com  1. Castaman G, Matino D. Haematologica. 2019;104(9):1702-1709. 2. Dolan G, Benson G, Duffy A, et al. Blood Rev. 2018;32(1):52-60.  3. Mann DM, Stafford KA, Poon M-C, Matino D, Stafford DW. Haemophilia. 2021;27(3):332-339.   Connect with the Global Hemophilia Report Global Hemophilia Report on LinkedIn Global Hemophilia Report on X/Twitter Global Hemophilia Report on Facebook   Connect with BloodStream Media: BloodStreamMedia.com BloodStream on Facebook  BloodStream on X/Twitter   

Please attend our live webinar on portfolio construction and rebalancing scheduled for Thursday, April 30th, at 12PM Eastern, 9AM Pacific time. I will cover the five steps to constructing and rebalancing a portfolio. I will also answer your questions.You can sign up for this special webinar at https://moneyfortherestofus.com/webinar/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If a property keeps showing higher maintenance costs, is it still the best place to keep your capital?This week on the Not Your Average Investor Show, Gregg Cohen and Pablo Gonzalez welcome back Michael Santorios to explore how to think through operational intensity, property performance, and whether a move like a 1031 exchange into newer construction may make sense.You'll Learn:

In 2003, Premier Wen Jiabao warned that China's growth model was unbalanced between supply and demand, over-reliant on investment and exports. More than 20 years later, the imbalance is smaller — but China is vastly larger. What its economy produces and exports now moves global markets. The argument about China's external surplus is no longer just a spat between Beijing and Washington.Yiping Huang, Dean of the National School of Development at Peking University, has written a chapter in the fourth Paris Report, published jointly by CEPR and Bruegel, examining China's structural imbalances from the inside. His argument: the same policies that powered 45 years of growth also suppressed household income and consumption. Factor market distortions, especially artificially low interest rates, kept the cost of capital down and subsidised state-owned enterprises; decentralised GDP-target competition pushed local governments toward investment and industrial expansion rather than services and household support.The result was a powerful supply side with a persistently weak domestic demand side. When you produce more than you can sell at home and you are a small economy, you export the rest. When you are the world's second largest economy, the world notices. China's consumption share of GDP rose from around 50% in 2010 to 57% in 2024, still well below the mid-seventies average of comparable economies, and two fresh crises complicate the path. The property market has been contracting since mid-2021 and it is now a drag on local government finances, household wealth, and bank balance sheets. Local government subsidies have created overcapacity in new industries such as electric vehicles and batteries. Huang's conclusion is that rebalancing is necessary and achievable, but it requires the government stepping back from direct resource allocation, the private sector and market taking on larger roles in innovation, and a significant strengthening of social protection to give households both the income and the confidence to spend.The report discussed in this series of episodes:Rey, Hélène, Beatrice Weder di Mauro, and Jeromin Zettelmeyer (eds). 2026. The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. Free to download at cepr.org.The chapter discussed in this episode:Huang, Yiping. 2026. "Rebalancing of the Chinese economy: Challenges and policy options." In Rey, Weder di Mauro, and Zettelmeyer (eds), The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. To cite this episode:Phillips, Tim, and Yiping Huang. 2026. “Rebalancing the Chinese Economy”. VoxTalks Economics (podcast).Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About Paris Report 4The fourth Paris Report, The New Global Imbalances, is a joint publication of CEPR and Bruegel. It was edited by Hélène Rey (London Business School and CEPR), Beatrice Weder di Mauro (Geneva Graduate Institute and CEPR, and President of CEPR), and Jeromin Zettelmeyer (Bruegel and CEPR). The report examines how, in a high-debt and fragmented world, excess savings, rising surpluses, and rising deficits pose a risk to stability and undermine the global trading system. It is free to download at cepr.org.About the guestYiping Huang is Dean of the National School of Development at Peking University. [verify URL before publishing] He is one of China's leading macroeconomists, with research spanning China's economic transition, financial reform, and the political economy of development. He has advised Chinese policymakers and international institutions including the IMF and the Asian Development Bank on issues of growth, financial reform, and structural change.Research cited in this episodeAsymmetric liberalization is Yiping Huang's term for the approach China took when reforming its economy from the 1980s onward. Rather than the shock therapy adopted by former Soviet economies — privatising state-owned enterprises overnight and hoping markets would fill the gap — China used a dual-track approach. It opened the economy to private firms and foreign investors while maintaining state-owned enterprises in parallel, accepting some inefficiency in exchange for stability in output, employment, and growth. To subsidise the SOEs without direct fiscal transfers, the government kept factor markets, particularly financial markets, partially distorted: deposit and lending rates were held below market-clearing levels, reducing funding costs and effectively transferring income from savers and households to producers. The result was a very strong supply side and a structurally weak domestic demand side, which Huang identifies as the root cause of China's persistent external surpluses.Involution (Chinese: 内卷, nèijuǎn) is a term in wide use in China to describe a particular form of competitive overextension: effort that intensifies without producing proportional gains in quality, efficiency, or welfare. In the economic policy context Huang uses it, involution refers to the overcapacity problem in China's newer industries, including electric vehicles, batteries, and solar panels. Local governments, motivated by GDP targets and decentralised competition, have subsidised capacity expansion in these sectors without requiring corresponding advances in technology or product quality. The result is high-volume, low-margin competition that can suppress prices globally while leaving firms unable to earn sustainable returns domestically. Huang distinguishes this from the property market crisis, which has a different structure and cause.New quality productive forces is the term used in China's 15th Five-Year Plan (2026 to 2030) to describe the supply-side transformation the government is aiming for: a shift away from labour-intensive, low-value-added manufacturing toward high-technology, innovation-driven sectors. It reflects the recognition that the industries China dominated in its first decades of reform — low-cost assembly, commodity manufacturing — are no longer competitive given rising domestic wages and costs, and that the next stage of growth has to be driven by productivity and technology rather than factor accumulation.The 15th Five-Year Plan (2026 to 2030) is China's current medium-term planning document. Huang identifies two key anchors: the development of new quality productive forces on the supply side, and a shift toward domestic demand — particularly private consumption — on the demand side. The plan signals a different role for government, more focused on providing social infrastructure, basic research, and protection for households, and less focused on direct resource allocation and industrial project selection. Huang describes the two anchors as a circuit: if supply-side innovation and demand-side consumption can be connected efficiently, the Chinese economy can sustain growth for much longer without relying on external demand.The Japan comparison is used by Huang to set expectations for China's consumption rebalancing. Japan's private consumption share of GDP was at its lowest in 1970 and did not reach the average of comparable advanced economies — around the mid-seventies — until around 2010: a process of roughly forty years. China's consumption share is currently around fifty-seven percent, still well below that average. Huang acknowledges the parallel but expresses hope that China can close the gap faster than Japan did; the point of the comparison is that raising household consumption is a structural, decades-long process, not a policy lever that can be pulled in a single plan cycle. It requires sustained growth in household income and improvement in the social safety net to reduce precautionary saving.China's current account surplus peaked at 9.8% of GDP in 2007, immediately before the global financial crisis. Huang notes that significant adjustment has already taken place: the average surplus between 2018 and the mid-2020s was below two percent of GDP, and the investment share of GDP fell from a peak of forty-seven percent in 2011 to forty-one percent in 2024. The surplus rose to 3.7% of GDP in 2024 partly as a result of weak domestic demand following the property market correction. Huang's argument is that the external imbalance and the internal consumption shortfall are the same problem viewed from different angles; fixing one requires fixing the other.More VoxTalks Economics episodesThis is the third episode in our series on Paris Report 4. In the first episode, Maurice Obstfeld of the Peterson Institute for International Economics examines the history of global imbalances and what previous episodes can teach today's policymakers. In the second episode, Gilles Moëc, Chief Economist at AXA, explains why the US government is so keen to promote stablecoins and the risks they may pose to the financial system.For an interview with two of the report's editors, Beatrice Weder di Mauro and Jeromin Zettelmeyer, on the problem of global imbalances, listen to The Sound of Economics, Bruegel's podcast. Available at bruegel.org.

In this episode, Liz Ann Sonders and Collin Martin discuss recent market volatility, highlighting a sharp equity rally following news of a temporary ceasefire abroad. Liz Ann cautions that the dramatic, short‑term swings across asset classes reflect an increasingly “casino‑like” mentality in markets, where trading and speculation often blur with long‑term investing.  Turning to fixed income, Collin reviews heightened volatility in Treasury yields and shifting expectations for Federal Reserve policy. While markets have begun to price in the possibility of a rate cut later this year, Collin notes that Schwab's outlook remains largely unchanged: The Fed is likely to stay on hold for some time, and long‑term Treasury yields may remain in a relatively stable range. He underscores that for long‑term investors, modest daily moves in yields should not drive portfolio decisions, reinforcing the role bonds play as part of a broader investment strategy rather than a tactical trade. Then, Liz Ann is joined by Nela Richardson, chief economist at ADP, who offers a nuanced view of the U.S. labor market using high‑frequency payroll data. Richardson describes today's labor market as solid but lacking dynamism, with job growth highly concentrated in health care due to aging demographics. She also explores how artificial intelligence is reshaping work—not by eliminating entire jobs, but by transforming individual tasks—often augmenting higher‑skill roles while automating simpler ones.  Finally, Collin and Liz Ann discuss which key economic data to watch in the coming weeks. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal.  Diversification, asset allocation, and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options: https://www.schwab.com/Futures_RiskDisclosure prior to trading futures products. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications,0 and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.  International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate this risk. Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the fund. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  (0426-0YC8) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim talks with Jeff Giesea, entrepreneur, writer, and founder of the Boyd Institute, about his essay "Dionysian Futurism" and the broader question of what's missing from our visions of the future. They discuss Nietzsche's Apollo/Dionysus framework from The Birth of Tragedy, the critique that techno-optimist futures are lifeless and sterile, Jim's extension of that critique to Game B and adjacent social change spaces, the distinction between positive Dionysian energy and mere degeneracy, Jim's concept of decadence as wire-heading on dopamine traps and gambling apps, generational decline in conviviality, Gen Z statistics on less sex and fewer dates, the structural economic pressures of student debt and housing unaffordability, the shift in college freshman values away from meaningful philosophy of life toward financial success, the dinner party versus restaurant ratio and what's been lost, the vanished culture of Georgetown dinner salons and political hostesses like Pamela Harriman, the trade-off between women entering the workforce and the loss of socially maintained conviviality infrastructure, the call to bring back the host or hostess curating eight to twelve people around a topic, Jeff's "The Humanities Revolution Has Already Begun" essay and the Kairos Project's decentralized open-source great-books discussion groups, Hannah Arendt's The Human Condition and its relevance to AI and what it means to be human, the tent-revival quality of the new bottom-up humanities movement, Homer and the bards as evidence that great books were never meant only for scholars, Substack as Renaissance Florence, self-gatekeeping around the humanities and the call to read great books at any phase of life, Jim's return to the Iliad and Odyssey and current reading of Zen and the Art of Motorcycle Maintenance, audiobooks and the opportunity to produce better audio versions of copyright-free great works, Foucault as a poisoner of two generations of scholars, the woke turn in university humanities departments and Jacob Savage's essay "The Lost Generation," three drivers of the humanities revolution in pushback against woke academia, digital technology, and AI, AI as a tool for reading difficult books versus the risk of delegating critical thinking, Pirsig's concept of quality as a North Star for deciding when to use AI, taste as the Silicon Valley word for quality, Jeff's "goddamn Boomers" trilogy on the Boomer reckoning and the long Boomer farewell, the Boomer paradox of holding society together while holding it back, the gerontocracy problem of spending six dollars on old people for every one dollar on young people, entitlement spending flowing to the wealthiest demographic, Social Security couples at the top receiving over a hundred thousand dollars a year, California's real estate tax caps and their effect on schools, the political power of older voters and the absence of an AARP for young people, Gen X's failure to produce a presidential contender, Don Draper in Mad Men as a hinge figure between Greatest Generation and Boomer values, Boomer narcissism versus Gen X grandiosity, Jim's reframe of the core Boomer failing as hyper-individualism rather than narcissism, and much more. Episode Transcript "Dionysian Futurism," by Jeff Giesea The Boyd Institute Jeff Giesea (Twitter) "The Lost Generation," by Jacob Savage "The Boomer Reckoning No One's Ready For," by Jeff Giesea "Boomer Caregiving Will Wreck Our Politics," by Jeff Giesea "The Long Boomer Farewell," by Jeff Giesea "The Broligarchy Will Either Save the World or Destroy It," by Jeff Giesea Jeff Giesea is an entrepreneur, investor, and writer. A Stanford graduate, he has built several successful businesses and recently founded the Boyd Institute, a policy lab for America's future. You can read his essays on his Substack.

Microsoft says Windows 11 is getting less rubbish but we are skeptical, vehicles with alcohol interlocks won’t start because the manufacturer’s server is down, and whether you should virtualise a router or a NAS. Plugs Support us on patreon and get an ad-free RSS feed with some early episodes Five‑Year Storage Design with OpenZFS: Media Refresh, Rebalancing, and Hardware Independence News/discussion Our commitment to Windows quality Microsoft fixes broken Windows update days after vowing fewer broken updates Cyberattack on vehicle breathalyzer company leaves drivers stranded across the US Free consulting We were asked about whether you should virtualise a router or a NAS. See our contact page for ways to get in touch.

In this episode, we sit down with Doctor's Best Ambassador, Dr. Devin Stone — naturopathic doctor and founder of Tulsi Wellness — for a no-BS conversation answering the health questions you've been thinking about… but didn't know who to ask.

Today's guests are Wes Gray, Co-CIO of Alpha Architect, and Brent Sullivan, Editor of Tax Alpha Insider, which is the only publication focused on taxable portfolio strategy. In today's episode, Brent Sullivan and Wes Gray discuss how to handle concentrated stock positions. They explore the complexities around 351 ETF exchanges, what investors need to know when participating to adhere to tax laws. To close, they examine the rise of tax-managed long-short strategies and how AI may transform tax planning and portfolio management. (0:00) Starts (1:18) Brent Sullivan's background (3:36) Handling concentrated stock positions (7:32) 351 to ETF conversions (14:49) Regulatory scrutiny & IRS enforcement (27:39) Rebalancing, tax implications and practical advisor advice (34:09) Future ETF seeding predictions (39:01) Comparing ETF seeding and portfolio consolidation strategies (45:48) Long short strategies (52:23) Brent Sullivan's book and conference ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices