Podcasts about Renaissance Technologies

Jim Simons never took a single class on finance, wasn't interested in business, and didn't start trading full time until he was 40. The company he founded —  Renaissance Technologies — has made over $100 billion in profits.Starting out with the heretical belief that there was a hidden structure in financial markets, Jim decided to staff his “crazy hedge fund” with mathematicians, computer scientists, and physicists. He went to great lengths to collect more historic financial data than anyone else, spent a lot of time recruiting “killers” (people with single minded focus that wouldn't quit), invested heavily in computers (and the people who ran them), and designed the most collaborative work environment.Jim was a world-class mathematician, code breaker, exceptional manager of people with exceptional minds, a genius in system design, and deeply understood the power of incentives. He was also incapable of giving up, willing to endure a decade of struggle and pain, and hell-bent on doing something “historic” with his life.Jim Simons lived a life defined by persistence, unconventional thinking, and an unwavering pursuit of excellence. Studying his life and work is time well spent. This episode is what I learned from rereading The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman. ----Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----Join my free email newsletter to get my top 10 highlights from every book ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Le sujet :Gestion passive ou gestion active : laquelle choisir pour mieux investir ? Les ETF dominent les conversations sur l'investissement, mais qu'en est-il des stratégies actives basées sur des convictions fortes ? Découvrons les nuances et les opportunités de ces deux approches.L'invité du jour :Mathieu Chandelier est co-fondateur et gestionnaire de fonds chez Omnium Capital Management. Avec plus de 10 ans d'expérience en gestion d'actifs, il partage ses stratégies d'investissement, ses réussites, ses échecs, et ses convictions profondes.Au micro de Matthieu Stefani, il explore :Les différences fondamentales entre gestion passive et gestion active.Comment construire un portefeuille concentré basé sur des convictions solides.Pourquoi il privilégie les sociétés profitables et scalables.Les critères pour identifier des opportunités comme Robinhood ou Eckert & Ziegler.Les biais comportementaux à éviter pour maximiser vos performances.Les secteurs d'avenir, notamment le cloud computing et l'IA intégrée.Avantages :Bonne nouvelle ! Les auditeurs de La Martingale peuvent accéder à la classe A d'Omnium, offrant les frais les plus attractifs. Mentionnez le podcast lors de votre inscription sur le site Omnium Capital.Ils citent les références suivantes :Les ETF majeurs : MSCI World, S&P 500, CAC 40Des approches emblématiques : Berkshire Hathaway, Renaissance TechnologiesAinsi que d'anciens épisodes de La Martingale :#191 - Growth Capital : la voie royale du Private EquityDiversifier ses investissements grâce aux ETF : stratégies et critères essentielsMerci à notre partenaire Louve Invest:Louve Invest vous propose jusqu'à 3,5% cashback sur les frais de souscription, sur les SCPI éligibles: jusqu'à 350€ pour 10.000€ investis!Cliquez sur ce lien pour bénéficier des offres avec cashback boosté :)On vous souhaite une très bonne écoute ! C'est par ici si vous préférez Apple Podcasts, ou ici si vous préférez Spotify.Et pour recevoir toutes les actus et des recommandations exclusives, abonnez-vous à la newsletter, c'est par ici.La Martingale est un podcast du label Orso Media.

In our second episode of 2025, Ben, Mark, and Dan continue to work through the listener questions we received in our 2024 AMA. We begin with home country biases and how to continue to grow your money from an already diversified portfolio before comparing the benefits of stock trading strategies and EFT portfolio strategies. Then, we discuss the impact of volatile blockchains on the wider securities market, whether you need to adjust your investment strategy when new tariffs are imposed, the ins and outs of terminal wealth management, the benefits of focusing on a total market index, and the personal finance perspective of renting versus buying in Canada. To end, we explore the best practices for increasing risk exposure, take a closer look at FIRE (financial impendence, retire early), assess investing behavioural biases and misconceptions that still pose a threat to even literate investors, and learn about how the Rational Reminder podcast is changing the lives of our listeners. Key Points From This Episode:   (0:01:59) Whether owning a home affects your home country bias and financial asset portfolio. (0:02:43) The correlation between the economic risks of housing and the local stock market. (0:07:21) How to keep growing your money if you already have a diversified portfolio. (0:14:16) When to split your portfolio, and stock trading strategy versus EFT portfolio strategy. (0:22:20) The impact of Bitcoin and volatile blockchains on the wider securities market. (0:24:46) Adapting your investment strategy after the introduction or increase of trading tariffs.  (0:26:20) Maxing out tax-free savings accounts for non-incorporated high-income professionals. (0:33:22) Switching to a total market index to avoid index funds that overvalue the market. (0:37:48) Renting versus buying in Canada, from a personal finance perspective. (0:42:39) The best practices for increasing risk exposure.  (0:51:19) Unpacking FIRE – financial independence, retire early.  (0:56:05) Balancing allocations between traditional retirement savings vehicles and real estate. (1:00:56) Investing behavioural biases and misconceptions that harm even literate investors.  (1:09:24) Whether bonds actually exist, and everything we've changed our minds about in 2024. (1:19:21) Shaping worldviews, on-demand information, and other highlights from your reviews.    Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP  Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/  Peter Mladina on LinkedIn — https://www.linkedin.com/in/peter-mladina-177194125/  Benjamin Felix Quote on X — https://x.com/benjaminwfelix/status/1760356591000301739  Robb Engen — https://boomerandecho.com/robb-engen/  Renaissance Technologies — https://www.rentec.com/Home.action?index=true  Long Blockchain Corp — https://cryptohead.io/acquisitions/long-blockchain/  Nick Maggiulli on X — https://x.com/dollarsanddata  Canadian Couch Potato Podcast — https://canadiancouchpotato.com/podcast/  Bitcoin Uncensored — https://www.podchaser.com/podcasts/bitcoin-uncensored-463350   Episode 335 - What About Warren Buffett — https://rationalreminder.ca/podcast/335  Episode 332: Randolph Cohen & Michael Green — https://rationalreminder.ca/podcast/332   Papers From Today's Episode:    'Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice' — https://dx.doi.org/10.2139/ssrn.4590406 ‘Action Bias among Elite Soccer Goalkeepers: The Case of Penalty Kicks' — https://www.researchgate.net/publication/222676583_Action_Bias_among_Elite_Soccer_Goalkeepers_The_Case_of_Penalty_Kicks

Send us a textMiguel Armaza interviews Howard Morgan, Chair at B Capital, and also co-founder of Renaissance Technologies and First Round Capital.Howard and Miguel sat down live on stage at Barclays Rise in NYC for the Gilgamesh Ventures Summit, an annual meeting with over 150 Limited Partners, Founders, and Investors for a series of events and discussions about the future of tech and financial services.In this inspiring conversation, Howard discussed:How B Capital is using AI to improve their operationsLaunching Renaissance Technologies and their quantitative trading strategiesThe evolution of venture capital from local to global investingQualities of great founders and investors, Howard's work in philanthropy… and a lot more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary? Check out the Fintech Leaders newsletter and join ~70,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIp

En este episodio, exploramos la fascinante historia de Jim Simons, el enigmático matemático y fundador de Renaissance Technologies, conocido por revolucionar el mundo de las finanzas con su enfoque algorítmico y su legendario fondo Medallion. Hablamos sobre su carrera, sus logros y las mentes brillantes que lo acompañaron en su camino, desentrañando cómo su enfoque cuantitativo ha desafiado las normas y cambiado para siempre el concepto de inversión. Un episodio imperdible para aquellos interesados en el cruce entre matemáticas, tecnología y mercados financieros.

I examine the parameters that define a good return on investment (ROI) and provide methodologies to identify unrealistic investment claims that may indicate fraudulent schemes. By analyzing and comparing these claims to the historical performance metrics of leading hedge funds such as Renaissance Technologies, I establish a benchmark for assessing investment returns. I also present statistical data on average annual returns of indices like the S&P 500 to contextualize typical market performance. Emphasis is placed on recognizing warning signs, such as guarantees of excessively high daily returns, to aid in making informed investment decisions and avoiding potential scams.

In this episode, Gregory Zuckerman joins us to discuss his book, The Man Who Solved the Market, which chronicles the remarkable journey of Jim Simons. Simons, a mathematician turned investor, co-founded Renaissance Technologies and achieved an astonishing 66% annual return before fees with his Medallion Fund. Zuckerman sheds light on Simons' systematic trading approach, blending advanced algorithms with human intuition. He also addresses the role of AI in modern finance, emphasizing that while technology is crucial, human insight remains essential. Additionally, Zuckerman talks about his other works which aim to inspire young people through stories of overcoming adversity. Tune in to gain insights into the intersection of human and machine in finance and the power of inspirational storytelling.

En este episodio de "10 Minutos con Sami", exploramos tres noticias fascinantes que están revolucionando la medicina y las finanzas. Comenzamos con un avance prometedor en la lucha contra el VIH: científicos han creado un potente anticuerpo híbrido combinando nanoanticuerpos de llama con anticuerpos humanos, capaz de neutralizar más del 95% de las cepas de VIH-1 probadas. Luego, nos adentramos en el mundo de la odontología futurista, donde se ha realizado la primera intervención dental totalmente automatizada utilizando un sistema robótico guiado por inteligencia artificial. Finalmente, desentrañamos el misterio del Fondo Medallion, gestionado por Renaissance Technologies, que ha logrado un asombroso rendimiento anual promedio del 66% antes de comisiones durante más de tres décadas. Descubre cómo estos avances en biotecnología, robótica y finanzas cuantitativas están transformando nuestro mundo y qué podemos esperar en el futuro cercano. Fuentes: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8284970/ , https://studyfinds.org/llama-antibodies-cure-hiv/ , https://www.advancedsciencenews.com/antibodies-from-llamas-bring-scientists-closer-to-an-hiv-treatment/ , https://www.businesswire.com/news/home/20240730980575/en/Perceptive-Completes-World%E2%80%99s-First-Fully-Automated-Dental-Procedure-on-a-Human-Using-AI-Driven-Robotic-System , https://ofdollarsanddata.com/medallion-fund/ Redes: Puedes buscarme por redes sociales como Threads, Twitter e Instagram con @olivernabani, y puedes encontrarme habitualmente en Twitch: http://twitch.tv/olivernabani Puedes encontrar tanto este Podcast como otro contenido original en YouTube: https://youtube.com/olivernabani Además si quieres participar en la comunidad mashain, tenemos un server de Discord donde compartimos nuestras inquietudes: https://discord.gg/7M2SEfbF Un canal de Telegram donde os aviso de novedades y contenidos: https://t.me/sedicemashain Y un canal de Whatsapp: https://whatsapp.com/channel/0029VaCSKOzFCCoavMoLwX43 Y por supuesto lo más importante, recuerda: No se dice Machine, se dice Mashain

A jam-packed episode of Equity Mates as we catch up on the news, discuss anxiety around superannuation and having enough for retirement and discuss what we've learned about investing legend Jim Simons and Renaissance Technologies—------Have an investing question?Ask via our website and we'll answer it on the podcast.Join the conversation in the Facebook Discussion GroupOr get put in touch with a professional financial advisor by filling out this formWant more Equity Mates?Sign up to our email to keep up with business news Listen to our basics-of-investing podcast: Get Started Investing (Apple | Spotify)Watch Equity Mates on YouTubePick up our books: Get Started Investing and Don't Stress, Just InvestFollow us on social media: Instagram, TikTok, LinkedIn, Facebook, Twitter & even Threads—------In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. —------Equity Mates Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697. Hosted on Acast. See acast.com/privacy for more information.

Este episodio es un homenaje a Jim Simons (1938 - 2024), el legendario matemático, académico y filántropo estadounidense conocido por fundar Renaissance Technologies. Su Medallion Fund, estableció un récord con una rentabilidad anual del 66% (39.1% neto de comisiones) de 1988 a 2018, una hazaña a la que solo se acerca Soros y su Quantum Fund (1969-2000) con un 32% de rentabilidad anual neta.Para hablar sobre Simons cuento, de nuevo, con la participación del gran matemático y trader Ricardo Pérez-Marco. Su trayectoria está recogida en el episodio 32 y posteriormente ha tenido varias participaciones para hablar sobre Bitcoin y póker. En este episodio se conectan ideas matemáticas con estrategias de inversión, y se acaba hablando, cómo no, de Bitcoin.Apoya este podcast visitando a los patrocinadores:Interactive Brokers: Un broker con acceso a mercados de todo el mundo.Indexa Capital: Ahorra comisiones dándote de alta con mi código.EVO Cuenta Inteligente En mi canal de Youtube puedes ver esta charla grabada en vídeo.Indice de temas0:02:12 Inversores con mejores rentabilidades de la historia0:08:13 Descubrir señales de códigos cifrados: los inicios del Machine Learning0:14:02 Stony Brook University0:15:31 Superficies mínimas0:25:23 Fiesta en Long Island0:28:12 Contratar solo científicos, no economistas0:31:43 Principio de Steinitz de acumulación de pequeñas ventajas0:33:58 Edward Thorpe0:36:41 Criterio de Kelly0:39:23 Invertir sólo en lo que se tiene alguna ventaja0:55:11 En un trade siempre hay que tener un plan de salida1:02:40 Teoría de información de Shannon1:04:31 Cadenas de Markov ocultas1:15:03 Machine Learning1:18:11 Blackjack1:20:12 Madoff, rentabiliades demasiado poco volátiles1:21:41 Explicabilidad de las estrategia de inversión1:25:56 Emocionalidad invirtiendo1:32:13 Escuelas de matemáticas1:42:28 Fundación Simons1:44:51 Crisis de reconocimiento académico1:53:41 ¿Satoshi Nakamoto es el mejor inversor de la historia?1:55:10 George Soros1:57:54 Ciclos recurrentes en el precio de Bitcoin2:13:23 Black paper sobre Bitcoin de Taleb2:21:57 Medios de comunicación y Bitcoin2:24:21 Premio de matemáticas Ricardo Pérez-MarcoEnlace a los contenidos comentados SOLO disponible en mi post en mi blog en Rankia:https://www.rankia.com/blog/such/6433058-90-homenaje-jim-simons-fundador-renaissance-ricardo-perez-marco

All the secrets of the Medallion fund revealed! Well, our speculations about the secret sauce anyway. Today, in a special tribute to Jim Simons, we are privileged to welcome the multi award winning journalist & author Greg Zuckerman to our podcast. Greg's detailed chronicle of Jim Simons' life in his book, "The Man Who Solved the Market," offers invaluable insights into Jim's genius and the remarkable team he assembled. Simons' strategy of bringing together the best minds in mathematics, physics, engineering, and other disciplines created a powerhouse of talent that drove Renaissance Technologies to unparalleled success. With gross returns of over 68% from 1988 through to 2022, this quant firm rules them all. Head on over to www.thealgorithmicadvantage.com for a full write up on the Medallion fund.

Let's talk about the meme stock craze and how it impacted Jim Simons! Today we also highlight rising credit card and auto loan delinquencies, the depletion of post-pandemic savings, and financial strains from higher costs of essentials amid high interest rates. And did you know there was also brief resurgence of meme stocks like GameStop and AMC?  Join us as we discuss... Jim Simons' investment success using mathematical models. "The Man Who Solved the Market" book by Greg Zuckerman. The Renaissance Technologies and its significant returns. The impact of wealth and charitable giving. Examination of tax strategies and the concept of presidential libraries. Debate on credit card debt and utilization rates. Discussion on the rising cost of living and inflation. Mention of the recent surge and drop in meme stocks like GameStop. Commentary on the Federal Reserve's role in managing financial crises. For more information, visit the show notes at https://moneytreepodcast.com/the-meme-stock-craze-609 Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | ProCollege Planners Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast  

May 21, 2024 – Just this month on May 10, the legendary investor and founder of Renaissance Technologies, Jim Simons, passed away. Jim was a leading mathematician and code breaker who went on to become one of the most successful...

In this episode, we look at the legacy of Jim Simons who recently passed away. Known for both his mathematical genius and philanthropic endeavors, Simons left an indelible mark on the investment landscape with his revolutionary approaches at Renaissance Technologies. We unpack the astounding performance of the Medallion Fund, which achieved phenomenal returns over more than 3 decades. We also answer a listener's question which asks about the merits of investing in both Gold and Bitcoin. With central banks' actions under scrutiny, especially during crises like the COVID-19 pandemic, we discuss the evolution of money supplies, the enduring value propositions of gold and bitcoin, and the strategic diversification of assets to safeguard against potential financial instability.  Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Dan's Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor  Spotify - The Canadian Real Estate Investor  Web player - The Canadian Real Estate Investor Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

In this podcast, we discuss a recently published Hedgeweek article focusing on Renaissance Technologies, also known as Rentech, and their acquisition of GameStop and AMC shares. These shares surged in value, prompting questions around the validity of Rentech's actions and whether this was a calculated investment decision or potential insider trading. Get your free trading tech books here  books2 - QUANTLABS.NET We delve into the intricate mechanisms of the stock market, highlighting how Rentech's sophisticated quantitative modeling and data-driven investment strategies could have possibly predicted and benefited from this phenomenon. However, with a focus on potential insider trading, we question whether the Securities and Exchange Commission (SEC) should be investigating this situation.   Renaissance's Meme Stock Bet Insider Trading or Savvy Investing? - QUANTLABS.NET The podcast also considers the broader implications of Rentech potentially being involved in this 'Meme Stock' rally, discussing the potential damage to their reputation, potential regulatory changes, and the effect on the general stock market. The participation of other traders and potential collusion via social media are other facets explored in relation to this complicated issue. The potential consequences of the SEC finding evidence of wrongdoing within Rentech are also considered, with the discussion speculating on the possible outcome of hefty fines, criminal charges, and reputational damage. We emphasize the broader message such verdicts would send to other hedge funds and the critical importance of ethical investing. Despite the potential risks, the discussion acknowledges the possibility that if no wrongdoing is found, this venture could be considered a successful well-timed strategy, which could inadvertently solidify the reputation of Rentech. The podcast concludes with the potential impact this 'Meme Stock' saga might have on future regulations aimed at preventing market manipulation and protecting investors, acknowledging that increased participation of retail traders, prompted by social media, could influence stock market volatility and unconventional investment strategies. Sign up for our newsletter for more insights into market trends and get free trading books at quantlabs.net books.

Howard Morgan's inimitable career began with his early and prescient interest in computers. In fact, Howard has been on email for 51 years! He is currently the Chair and General Partner of B Capital. He is considered one of the pioneers of early-stage investing, having co-founded First Round Capital alongside Josh Kopelman, which was the first professional seed stage fund and the first institutional investor in Uber.Prior to First Round, Howard helped found Idealab with Bill Gross, and served as President of Renaissance Technologies, which he co-founded with Jim Simons. Renaissance Technologies is the best performing investment firm of all time, and its mysterious and famous Medallion Fund is considered to be the most successful fund ever.Howard shares insights into the importance of being at the right place at the right time, choosing great partners, and his approach to investments, mentorship, health, and philanthropy. Listen in on Michael Sonnenfeldt's conversation with the globally recognized venture capitalist, visionary, and TIGER 21 Member Howard Morgan.Watch clips:Behind Howard Morgan's SuccessHow to accomplish almost anythingBirth of RenTecTopics:(0:41) Introducing Howard Morgan(4:29) Howard Morgan's Journey: From Academia to RenTec(7:15) Renaissance Technologies: Pioneering Quantitative Investing(12:53) VC Successes: First Round Capital to Uber(14:10) “You can accomplish anything if you don't care who gets the credit.”(16:01) Philosophy of Success: Mentors, Investments(22:30) Aging, Dr. Comite(24:25) Heliogen(27:50) Ideally, Blastoff, and Timing Matters(31:18) How Howard Morgan Evaluates an Investment(32:11) First Round Capital, B Capital Approach(34:54) Health: Biological Age 11 Years Younger(37:45) Philanthropy: Generational Wealth, Impact, Legacy(42:13) Tip JarAbout:TIGER 21 is the premier peer membership organization for ultra successful entrepreneurs, investors, and executives.Links:tiger21.comMichael Sonnenfeldt - LinkedIn | @mwsonnenfeldt@HLMorganRelated: Renaissance Technologies - Acquired“Why The F We're Still Doing This”The Discoverers - BoorstinThe Anxious Generation - HaidtFollow & Connect:Podcast | YouTube | X | LinkedIn | Blog Hosted on Acast. See acast.com/privacy for more information.

Zaid Admani joins the NIA boys to discuss Roaring Kitty Back, Gamestop Madness, Jim Simons & Renaissance Technologies and Podcast GrowthTimestamps:(00:00:00) - Intro(00:04:26) - Roaring Kitty Back & Gamestop Madness(00:17:11) - Jim Simons & Renaissance Technologies(00:47:56) - Podcast GrowthWhat Is Not Investment Advice?Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.Watch + Subscribe on Youtube:https://youtu.be/Y0C7tBFxZ0gListen into our group chat on Telegram:https://t.me/notinvestmentadviceLet us know what you think on Twitter:@bzaidi@trungtphan@jackbutcher@niapodcastFollow NIA on social media:Instagram: https://www.instagram.com/notadvicepod/Facebook: https://www.facebook.com/profile.php?id=100089813414522TikTok: https://www.tiktok.com/@niapodcast Links Mentioned:The Rundown Podcast Zaid on TwitterZaid on InstagramRoaring Kitty Hosted on Acast. See acast.com/privacy for more information.

On this episode, I expound on the extraordinary life and legacy of Jim Simons, a mathematician, successful hedge fund manager, and a philanthropist who made an unwavering impact on Wall Street. Simons, the founder of Renaissance Technologies is widely considered one of the world's greatest investors. Get your free trading tech books here books2 - QUANTLABS.NET In the late '70s, Simons switched career paths and entered finance, founding the company we know today as Renaissance Technologies. This marked the beginning of his journey into quantitative finance, an industry to which he would become one of the most innovative pioneers. As I explain, Simons always sought out PhDs in Physics, math, and computer science rather than MBAs, opting for the deep technical knowledge these fields offered - a trend that marks Wall Street's hiring culture today. Simons was driven by the power of data analysis and was always on the lookout for hidden patterns in data that the human eye could not perceive, leading to Renaissance Technology's extraordinary success. We also delve into how Simons' legacy continues through his philanthropic efforts especially in the sphere of mathematical and scientific education. His foundation, the Simons Foundation, has donated billions of dollars to these causes, making a significant impact and demonstrating his deep belief in education. Simons' life stands as a testament to the power of applying a scientific lens to complex problems and his pioneering spirit in the world of finance. He will be long remembered as a visionary in his field. Join me in looking through the life of this extraordinary man and dive into the intricacies that led to his phenomenal success.

Après le décès plus tôt cette année de Charlie Munger, bras droit de Warren Buffett, la communauté financière perd un autre géant avec le décès à 86 ans de Jim Simons. Simons est le fondateur de Renaissance Technologies gestionnaire du fonds Medaillon qui bat tous les records du monde de profitabilité. Tellement qu'on peut supposer qu'il a inventé la machine à imprimer des dollars. Son fonds a rapporté 250 X plus que Warren Buffet et 1000X plus que le S&P500. Cette semaine nous avons un autre extrait d'une captation publique. Le journaliste et auteur Nicolas Bérubé était de passage à notre micro en avril dernier au Collège Montmorency. Nous avons échangé sur les Pessimistes et Optimistes en bourse. Isabelle Juneau nous raconte l'histoire fascinante de Bernardino Nogara, le financier du pape qui a réussit entre autres exploit à transformé un investissement de 92 millions en milliards de dollars. Un financier admirable en terme de résultats dont la morale fut très discutable. Enfin, notre question du beau-frère provient de Sabrina de Terrebonne: -Vous parlez souvent des biais cognitifs et de l'effet de meute - Pourtant, à plein de niveau il est question de la sagesse de la foule. Mon beau-frère avec qui j'échange sur la bourse dit que suivre les gros titres des journaux et les FNB à la mode, c'est le secret de la réussite. D'ailleurs ce serait un des meilleurs style de gestion, soit le Style Momentum. A-t-il raison? On vous le dira.

Acquired Key Takeaways Check out these Podcast Notes from Charlie Munger's appearance on Acquired Read the full notes @ podcastnotes.orgRenaissance Technologies is the best performing investment firm of all time. And yet no one at RenTec would consider themselves an “investor”, at least in any traditional sense of the word. It'd rather be more accurate to call them scientists — scientists who've discovered a system of math, computers and artificial intelligence that has evolved into the greatest money making machine the world has ever seen. And boy does it work: RenTec's alchemic colossus has posted annual returns in the firm's flagship Medallion Fund of 68% gross and 40% net over the past 34 years, while never once losing money. (For those keeping track at home, $1,000 invested in Medallion in 1988 would have compounded to $46.5B today… if you'd been allowed to keep it in.) Tune in for an incredible story of the small group of rebel mathematicians who didn't just beat the market, but in the words of author Greg Zuckerman “solved it.”Sponsors:Many thanks to our fantastic Season 14 partners:J.P. Morgan PaymentsServiceNowVantaLinks:The Man Who Solved the MarketThe QuantsBloomberg's 2016 RenTec profileQuartr's visualization of RenTec's returnsAll episode sourcesCarve Outs:Modern Treasury's Transfer Conference RegistrationThe New LookCole Haan x Acquired!Class of Palm Beach (and the Mini Kelly inside the Birkin!!)More Acquired:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Check out the latest swag in the ACQ Merch Store!Note: references to Fortune in ServiceNow sponsor sections are from Fortune ©2023. Used under license.‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Si ya extrañabas Indie vs Unicornio, no tenes que esperar más! ya salió un nuevo episodio para que encares la semana al 100%. El mundo de los negocios no para así que te traemos todo lo que tenes que saber. A veces los inversores ya no saben de dónde levantar capital, así que Cristobal Perdomo nos cuenta qué fue lo que pasó en Andreessen and Horowitz, que comentamos en el episodio anterior. También conversamos sobre las nuevas pasiones de Lucas Lopatin, porque nunca es tarde para surfear la ola de la vida. Es un mes complicado si tenes una red social, en especial si se llama TikTok. La red social enfrenta un proceso judicial y al parecer tienen que hacer todo lo posible para no enfrentar el baneo. Qué está pasando? Lobby… nada nuevo. También Lucas y Cristobal conversan sobre cómo es la manera justa y más usada de establecer un sueldo para los founders y CEO de la empresa. Si quieres saber cuánto debería cobrar un founder, este es tu episodio! __ Notas del episodio: Renaissance Technologies: https://en.wikipedia.org/wiki/Renaissance_Technologies El mejor fondo del mundo: https://ofdollarsanddata.com/medallion-fund/ __ **Tenes alguna pregunta? Escribinos y seguinos en:** **Twitter: [@CristobaPerdomo](https://twitter.com/Cristobaperdomo) y [@llopatin](https://twitter.com/llopatin)** **Linkedin: [Lucas Lopatin](https://www.linkedin.com/in/llopatin/)  y [Cristobal Perdomo](https://www.linkedin.com/in/cristobalperdomo/)  y** **Visitá:** **[Indie Build](https://indie.build/)** **[Wollef](https://wollefvc.com/)** --- Send in a voice message: https://podcasters.spotify.com/pod/show/indie-vs-unicornio/message

Acquired Key Takeaways Check out these Podcast Notes from Charlie Munger's appearance on Acquired Read the full notes @ podcastnotes.orgRenaissance Technologies is the best performing investment firm of all time. And yet no one at RenTec would consider themselves an “investor”, at least in any traditional sense of the word. It'd rather be more accurate to call them scientists — scientists who've discovered a system of math, computers and artificial intelligence that has evolved into the greatest money making machine the world has ever seen. And boy does it work: RenTec's alchemic colossus has posted annual returns in the firm's flagship Medallion Fund of 68% gross and 40% net over the past 34 years, while never once losing money. (For those keeping track at home, $1,000 invested in Medallion in 1988 would have compounded to $46.5B today… if you'd been allowed to keep it in.) Tune in for an incredible story of the small group of rebel mathematicians who didn't just beat the market, but in the words of author Greg Zuckerman “solved it.”Sponsors:Many thanks to our fantastic Season 14 partners:J.P. Morgan PaymentsServiceNowVantaLinks:The Man Who Solved the MarketThe QuantsBloomberg's 2016 RenTec profileQuartr's visualization of RenTec's returnsAll episode sourcesCarve Outs:Modern Treasury's Transfer Conference RegistrationThe New LookCole Haan x Acquired!Class of Palm Beach (and the Mini Kelly inside the Birkin!!)More Acquired:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Check out the latest swag in the ACQ Merch Store!Note: references to Fortune in ServiceNow sponsor sections are from Fortune ©2023. Used under license.‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Renaissance Technologies is the best performing investment firm of all time. And yet no one at RenTec would consider themselves an “investor”, at least in any traditional sense of the word. It'd rather be more accurate to call them scientists — scientists who've discovered a system of math, computers and artificial intelligence that has evolved into the greatest money making machine the world has ever seen. And boy does it work: RenTec's alchemic colossus has posted annual returns in the firm's flagship Medallion Fund of 68% gross and 40% net over the past 34 years, while never once losing money. (For those keeping track at home, $1,000 invested in Medallion in 1988 would have compounded to $46.5B today… if you'd been allowed to keep it in.) Tune in for an incredible story of the small group of rebel mathematicians who didn't just beat the market, but in the words of author Greg Zuckerman “solved it.”Sponsors:Many thanks to our fantastic Season 14 partners:J.P. Morgan PaymentsServiceNowPilotLinks:The Man Who Solved the MarketThe QuantsBloomberg's 2016 RenTec profileAll episode sourcesCarve Outs:Modern Treasury's Transfer Conference RegistrationThe New LookCole Haan x Acquired!Class of Palm Beach (and the Mini Kelly inside the Birkin!!)More Acquired:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Check out the latest swag in the ACQ Merch Store!Note: references to Fortune in ServiceNow sponsor sections are from Fortune ©2023. Used under license.‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

A conversation with Gregory Zuckerman, an award-winning writer for The Wall Street Journal and author of "The Man Who Solved Wall Street". We dive deep into the world of quant investing, exploring the journey of renowned mathematician, investor, and Founder of Renaissance Technologies, Jim Simons, together with his extraordinary team.  Watch it on YouTube https://youtu.be/_5JkBUeLOLQ REFERENCES ▶️The book: https://www.waterstones.com/book/the-man-who-solved-the-market/gregory-zuckerman/9780241309735 ▶️Greg's website: https://www.gregoryzuckerman.com/ ▶️ Follow Greg on Twitter: https://twitter.com/gzuckerman? TO GO FURTHER

Today we're joined by Howard Morgan to dive into his illustrious career in venture. He discusses the firms he helped start, Renaissance Technologies, Idealab, First Round Capital, and now at B Capital. Morgan also highlights the importance of global investing and the challenges it presents. They also discuss frontier areas including genomics, bioinformatics, longevity, and space technology. Morgan reflects on lessons learned and mistakes made throughout his career and offers advice for emerging managers. If you're looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine --- Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don't have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv --- We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com. --- SPONSOR: NETSUITE NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform head to NetSuite http://netsuite.com/turpentine and download your own customized KPI checklist. --- Join our free newsletter to get Erik's top 3 insights from each episode: https://turpentinevc.substack.com/ --- RELATED SHOWS: If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner --- RECOMMENDED PODCAST: Live Players https://link.chtbl.com/liveplayers Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today's most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. Think: Elon, Sam Altman, Peter Thiel, George Soros and more. You'll come away with a deeper understanding of the development of technology, business, political power, culture and more. LIsten and subscribe everywhere you get your podcasts: https://link.chtbl.com/liveplayers. --- X / TWITTER: @HLMorgan (Howard) @BCapitalGroup (B Capital) @eriktorenberg (Erik) @TurpentineVC --- TIMESTAMPS: (00:00) Intro (00:50) How Howard started his venture capital and investing career (13:45) On building a global firm (17:16) Angles of building a venture firm that Howard is excited about (19:43) Sponsor - Turpentine (20:46) AI is in everything (22:57) What Howard would have done differently (27:02) On not going multistage route (30:35) Asset class: Is now a good time to invest or not? (34:05) Venture capital in the next 5-10 years (37:26) On not going accelerator route (40:43) Starting small then going multistage (43:38) Howard's approach if he were to start over an emerging fund - would he go for the same verticals or no? (45:14) It's really tough to raise money right now (46:12) Howard's thoughts on accelerators and incubators (47:32) Trade offs between venture as it relates to the macro (49:55) What inspires Howard to keep investing and working? (51:08) Will venture change much in the next 30-40 years? (52:52) On picking the right partners - what's Howard's superpower there? (54:10) Wrap

Limitless: Beyond the mind-blowing investment results from Eddie Morra (Bradley Cooper) when he's on NZT, could he manage a fund that we'd invest in? CONNECT

In this episode of "Investing in Integrity", Ross Overline has an enlightening conversation with Howard Morgan, a formidable figure in the tech world and current chairman of B Capital.  Howard walks us through his exciting journey from academia to tech innovations, recalling his impactful roles at First Round Capital and Renaissance Technologies. Venturing deep into the world of investments, Howard reveals some of his successful bets and those he passed on. Interestingly, he sees a connection between academia and venture capital - both are about nurturing fresh talent. He also sheds light on the values that drive him: persistence, passion, and humility. Life outside of business is also bustling for Howard. He stresses the importance of human connection when choosing business partners and shares insights into his disciplined personal routine, which astonishingly includes reading 160 books a year and prioritizing fitness.  As the conversation draws to a close, Ross and Howard delve into a transformative concept: redefining the finance sector's role in fostering global betterment. They discuss the potential for future finance professionals to effect real change, striking a harmonious balance between achieving financial success and making a meaningful, positive impact. Ready to dive deeper into this riveting discussion? Tune in now and enrich your perspective!

Meet David Magerman, a native of South Miami who went on to earn a B.S. from UPenn and a PhD in computer science from Stanford. David is an investor and a philanthropist. In terms of investing, he spent 22 years working at the quantitative hedge fund, Renaissance Technologies, which is one of the world's largest hedge funds with over $100B assets under management. After leaving Renaissance, David founded a venture capital firm called Differential Ventures. Since graduating Penn, David has made it a priority to give back to the institution. He has served on boards and has given over $5M to various initiatives. This strong commitment to the institution formally ended earlier this month when David published an open letter to UPenn's president, Liz Magill. In the letter, David makes it clear that unlike other outspoken donors, he is not calling for the current president to step-down, instead, he is simply stating he is breaking up with the university. In his interview on CNN with Jim Acosta, when asked why subsequent statements by the university didn't satisfy him, David responded, “I felt like the reaction they had at first was authentic, it represented who they were and I didn't think anything they said could change that. Their values aren't my values.” In this conversation, David and I do a deep dive into the following:His relationship to PennWhat went into his decision to write the letterWhy he believes Penn is mired in moral relativismWhy it is critical to know the values of the institutions you supportHis research into the $15-20B of undocumented gifts received by leading institutions like PennThe importance of Israel to the Jewish peopleFun round of quick fire questions where I foolishly ask a kosher person for his favorite place for a Philly cheesesteakI thank David for making the time to meet with all of us and for being a clear, intelligent and passionate voice during a time when America and the Jewish people need one.--Outro music: The Riders Of Rohan from J.R.R. Tolkien's Lord of the Rings (The Two Towers).

Tham gia GÓI MEMBERSHIP phá đảo Động Nhện ngay hôm nay: https://b.link/spiderum-membership Tham gia group Tiền ở đâu - Đầu ở đó để chia sẻ, học hỏi kiến thức hữu ích về kinh tế, tài chính: https://b.link/yt-tien-o-dau __ Trong thế giới đầy biến đổi của tài chính và đầu tư, có một tên tuổi được coi là huyền thoại của ngành tài chính định lượng - Jim Simons. Từ năm 1988, Medallion - quỹ phòng hộ hàng đầu của Renaissance Technologies - đã tạo ra mức lợi nhuận trung bình 66% mỗi năm, làm tăng các lợi nhuận giao dịch lên hơn 100 tỷ đô la. Không một ai trong giới đầu tư tiệm cận được mức đó cả, kể cả các tên tuổi nổi tiếng như Warren Buffett, George Soros, Peter Lynch, Steve Cohen và Ray Dalio… đều ở xa tít phía sau. Jim Simons là một nhà toán học và nhà đầu tư nổi tiếng. Được biết đến với cái tên "Quant King”, ông đã tích hợp việc sử dụng phân tích định lượng vào chiến lược đầu tư của mình. Simons là người sáng lập của Renaissance Technologies và quỹ Medallion của công ty này được coi như một Cỗ máy kiếm tiền vĩ địa nhất trong lịch sử tài chính. Cuộc đời và sự nghiệp của ông không chỉ là sự đột phá vượt qua những giới hạn, mà còn là cả niềm tin không ngừng vào sức mạnh của con số và thuật toán. Trong video ngày hôm nay, hãy cùng tác giả Trang Lê - một thành viên của quỹ đầu tư QM Capital - tìm hiểu về Jim Simmons nhé các bạn! __ Tủ sách của Spiderum hoành tráng của Spiderum: https://shope.ee/6KbpEZS9D2 Các đầu sách bạn có thể quan tâm: - Người trong muôn nghề - Định hướng nghề nghiệp toàn diện: https://shope.ee/AURO9YQc3A - Người trong muôn nghề: Ngành IT có gì?: https://shope.ee/9pBhMKT9Oy - Người trong muôn nghề: Ngành Kinh tế có gì? - Tập 1: https://shope.ee/9UYqxiUQ4w - Người trong muôn nghề: Ngành Kinh tế có gì? - Tập 2: https://shope.ee/9KFQlPV3Pv - Người trong muôn nghề: Ngành Sáng tạo - Nghệ thuật có gì?: https://shope.ee/9zV7YdSW47 - Người trong muôn nghề: Ngành Xã hội - Nhân văn có gì?: https://shope.ee/5pfYayiNWK - Mùi mẹ - Món quà dành tặng người phụ nữ yêu thương: https://shope.ee/6AIOzah6qU - DevUP - Phát triển toàn diện sự nghiệp lập trình viên: https://shope.ee/9esHA1Tmjx - Seneca: Những Bức Thư Đạo Đức – Chủ Nghĩa Khắc Kỷ Trong Đời Sống - Tập 1: https://shope.ee/6zrW08ngb2 - Seneca: Những Bức Thư Đạo Đức – Chủ Nghĩa Khắc Kỷ Trong Đời Sống - Tập 2: https://shope.ee/A9oXkwRsj8 - Mở khóa thương mại điện tử Việt Nam: https://shope.ee/5V2iCMjeCI - Doing good better - Làm việc thiện đúng cách: https://shope.ee/6KbpBtgTVV - Động lực nội tại - Làm sao để yêu công việc và đạt đến thành công: https://shope.ee/6UvFOCfqAW - Bước ra thế giới: Cẩm nang du học và săn học bổng: https://shope.ee/5fM8Ofj0rJ - Chuyện người chuyện ngỗng (Vũ Hoàng Long): https://shope.ee/4AXKcUjKAQ __ Hóng các cuộc hội thoại thú vị, nhiều kiến thức bổ ích trên kênh Talk Sâu: https://b.link/talksau Lắng nghe những câu chuyện về thế giới nghề nghiệp cùng podcast Người Trong Muôn Nghề: https://b.link/NTMN-Podcast ______________ Bài viết: Jim Simons - Ông vua ngành tài chính định lượng là ai và cỗ máy kiếm tiền vĩ đại nhất trong lịch sử tài chính mang tên Quỹ Medallion Được viết bởi: Trang Lê Link bài viết: https://spiderum.com/bai-dang/Jim-Sim... ______________ Giọng đọc: Pinkdot Editor: Pinkdot ______________ Bản quyền video: Spiderum Bản quyền nhạc: Youtube Audio Library, Epidemic Sound ______________ --- Send in a voice message: https://podcasters.spotify.com/pod/show/spiderum/message Support this podcast: https://podcasters.spotify.com/pod/show/spiderum/support

In this special episode of Goldman Sachs Exchanges: Great Investors, Peter Brown, CEO of Renaissance Technologies, talks about his career and building the hedge fund company. He also recounts how the firm navigated market crises such as the “quant quake” and the Global Financial Crisis, and describes how computer models and algorithms have long played a role in Renaissance's growth. 

The Sustainable Stocks The Rich Invest In! Includes the following articles: “10 Sustainable Investing Stocks Billionaires Are Loading Up On”; “The 2023 Humankind 100 Rankings”; “4 ESG Stocks With Net-Zero Emissions Target in the Spotlight”; “What is Renewable Energy? Benefits, Sources, and Top Companies”; “'America is going to lead again': Biden says wind and solar are already 'significantly cheaper' than coal and oil — 3 top US clean energy stocks to watch”; and “The Importance Of Sustainable And Impact Investing And 3 Companies That Shine!” Transcript & Links, Episode 111, July 28, 2023 Hello, Ron Robins here. So, welcome to my podcast episode 111 titled “The Sustainable Stocks The Rich Invest In!” It's presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources. And look at my newly totally revised website at investingforthesoul.com! Tell me what you think. Now, remember that you can find a full transcript, and links to content – including stock symbols and bonus material – on this episode's podcast page located at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, nor do I receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal to you any personal investments I have in the investments mentioned herein. Additionally, quotes about individual companies are brief. Please go to this podcast's webpage for links to the actual articles for more company and stock information. Also, some companies might be covered more than once and there are also 4 article links below that time didn't allow me to review them here. ------------------------------------------------------------- The Sustainable Stocks The Rich Invest In! I'm beginning with this fascinating article titled 10 Sustainable Investing Stocks Billionaires Are Loading Up On. It's by Ramish Cheema and found on finance.yahoo.com. Here's some of what Mr. Cheema has to say. Note: the number of billionaires quoted is at the end of Q1 2023. Quote. “To compile our list of billionaire sustainable stock picks we first used the Invesco MSCI Sustainable Future ETF (ERTH) and picked out the top forty companies. Then, the number of billionaires that had invested in them as of Q1 2023 was determined and the final list of top ten sustainable stocks according to billionaires is as follows. 10. Ormat Technologies, Inc. (NYSE:ORA) Number of Billionaire Investors: 9 Ormat Technologies is a utility company that focuses primarily on generating power through geothermal sites and solar cells… Out of [24 hedge funds], the firm's largest investor is Ian Simm's Impax Asset Management (IPX.L) with a stake worth $178 million. 9. NextEra Energy Partners, LP (NYSE:NEP) Billionaire Investors: 9 NextEra Energy Partners is an energy company that operates in the natural gas and renewable power industries. The firm announced in May 2023 that it plans to reach Real Zero emissions by 2025 and sell natural gas assets to finance future growth. 8. NIO Inc. (NYSE:NIO) Billionaire Investors: 9 NIO is an electric vehicle manufacturer headquartered in Shanghai, China. It makes and sells both SUVs and sedans and the firm is one of the dominant players in the growing Chinese electric vehicle market. However, a slowdown in the Chinese economy [reduced] vehicle deliveries [by] a sharp 17% annual drop… NIO's largest hedge fund investor [out of 18 hedge funds] is Jim Simons' Renaissance Technologies since it owns ten million shares that are worth $113 million. 7. KB Home (NYSE:KBH) Billionaire Investors: 10 KB Home is an American construction company headquartered in Los Angeles, California. As part of its sustainability push, particularly since construction uses high volumes of timber, the firm announced in July that it will partner up with a nonprofit to fund efforts seeking to preserve landscapes and forest habitats… Among [29 hedge funds], Ken Fisher's Fisher Asset Management is the biggest shareholder with an investment of $110 million. 6. Sunrun Inc. (NASDAQ:RUN) Billionaire Investors: 10 Sunrun is a solar power equipment provider which serves the needs of residential customers in the U.S. by providing products such as panels and energy systems… William B. Gray's Orbis Investment Management is the largest investor [out of 27 hedge funds], courtesy of a $265 million stake that comes via 13 million shares. 5. Meritage Homes Corporation (NYSE:MTH) Billionaire Investors: 10 Meritage Homes Corporation is a construction company that builds different kinds of single family homes in several American states. The firm's shares… are rated Buy on average… The largest [out of 27 hedge funds] is Ken Fisher's Fisher Asset Management with a stake worth $128 million. 4. Darling Ingredients Inc. (NYSE:DAR) Billionaire Investors: 11 Darling Ingredients is a food raw materials firm that focuses its efforts on ensuring that no portion of an animal is wasted during the slaughtering process… [Out of 29 hedge funds] Darling Ingredient's largest investor is Ian Simm's Impax Asset Management since it owns $240 million worth of shares. 3. Enphase Energy, Inc. (NASDAQ:ENPH) Billionaire Investors: 12 Enphase Energy sells solar power products such as microinverters, charging solutions… to residential users… [Out of 55 hedge funds], the biggest shareholder is Jim Simons' Renaissance Technologies through a $198 million investment. 2. First Solar, Inc. (NASDAQ:FSLR) Billionaire Investors: 13 First Solar is an international solar power company that sells products including solar modules to large scale users such as utilities, commercial, and industrial users. Its shares are rated Buy on average… [Out of 39 hedge funds] First Solar's largest investor [is] Jim Simons' Renaissance Technologies with a $312 million stake. 1. Tesla, Inc. (NASDAQ:TSLA) Billionaire Investors: 15 The firm has been facing mixed sentiment from Wall Street in July 2023 after a spectacular stock rally earlier this year. [Out of 82 hedge funds] D. E. Shaw's D E Shaw is the biggest shareholder through its $1.2 billion investment.” End quotes. ------------------------------------------------------------- The 2023 Humankind 100 Rankings The corporate ranking data in this next piece The 2023 Humankind 100 Rankings will be of great interest to most of you. Here's a brief description of what it's about. Quote. “Humankind 100 companies tend to contribute positively to humanity, for example by providing access to food, clean water, healthcare, or free digital services. Meanwhile, companies that hurt people, for example by contributing significantly to climate change or selling toxic products, tend to not make it on to the list.” End quotes. Do have a look at the ranking! The top five companies are Alphabet (GOOG), Microsoft Corp. (MSFT), Eli Lilly & Company (LLY.TI), Johnson & Johnson (JNJ), and Abbvie Inc. (ABBV). ------------------------------------------------------------- 4 ESG Stocks With Net-Zero Emissions Target in the Spotlight Next, we have this article titled 4 ESG Stocks With Net-Zero Emissions Target in the Spotlight. It's by Ritujay Ghosh and found on 247wallst.com. Here's some of what the writer says about their stock picks. “1. Salesforce, Inc. (CRM Quick Quote CRM - Free Report) has successfully attained net-zero residual emissions throughout its value chain. Salesforce has also accomplished its objective of operating solely on 100% renewable energy… Salesforce's expected earnings growth rate for the current year is 42%... Salesforce currently sports a Zacks Rank #1 (Strong Buy). 2. PepsiCo, Inc. (PEP Quick Quote PEP - Free Report) the global beverage giant, is committed to achieving net-zero greenhouse gas emissions by 2040. As part of its sustainability efforts, PepsiCo is actively promoting regenerative agricultural practices… Another key target for PepsiCo is to ensure that all its packaging materials become recyclable, compostable and biodegradable. PepsiCo's expected earnings growth rate for the current year is 9.9%... PepsiCo currently carries a Zacks Rank #2 (Buy). 3. Adobe Inc. (ADBE Quick Quote ADBE - Free Report) aims to attain a zero-carbon operational footprint, emphasizing the development of digital products that have a positive environmental impact. Adobe is actively working toward achieving a 100% renewable energy target by 2035… Adobe's expected earnings growth rate for the current year is 14.5%... Adobe currently sports a Zacks Rank #1. 4. Microsoft Corporation (MSFT Quick Quote MSFT - Free Report) is actively pursuing various initiatives to achieve a net-negative carbon footprint by 2030… Microsoft's expected earnings growth rate for the current year is 4.8%. Shares of Microsoft have gained 23.7% in the past three months. Microsoft currently has a Zacks Rank #3 (Hold).” End quotes. ------------------------------------------------------------- What is Renewable Energy? Benefits, Sources, and Top Companies Now to another new article on renewable energy picks. The article is titled What is Renewable Energy? Benefits, Sources, and Top Companies. It's by Jennifer L. located on carboncredits.com. Now to some quotes from the analyst. “1. General Electric Co. (GE) General Electric has been at the forefront of wind energy technology, consistently enhancing turbine designs and improving efficiency… GE has installed over 49,000 units that generate wind electricity across the globe… GE has also invested in other renewable energy technologies, such as solar power, hydroelectricity, and hybrid. 2. NextEra Energy, Inc. (NEE) Running with a whopping $147 billion market cap, NextEra Energy has been investing billions in developing renewable energy sources. As one of the largest renewable energy producers in the world, the company leads the charge in solar and wind energy production… 3. Iberdrola SA (IBDRY) With a market cap of over $72 billion, Spain-based multinational electric utility company Iberdrola SA has more than 170 years of history. The company is a global leader in the generation, distribution, and trading of clean energy. 4. Orsted A/S (ORSTED.CO) Renewable energy company Orsted A/S excels in developing, building, and operation of offshore wind farms. The Danish firm currently owns the prestigious title of being the world's biggest offshore wind power developer, with a total capacity of over 7.5 GW.” End quotes. ------------------------------------------------------------- 'America is going to lead again': Biden says wind and solar are already 'significantly cheaper' than coal and oil — 3 top US clean energy stocks to watch And more on renewable energy with this article 'America is going to lead again': Biden says wind and solar are already 'significantly cheaper' than coal and oil — 3 top US clean energy stocks to watch. It's by Vishesh Raisinghani on finance.yahoo.com. “1. First Solar (NASDAQ:FSLR) First Solar is one of the nation's largest utility-scale solar energy producers. The company's competitive edge stems from its proprietary, advanced thin-film module technology… Investors seeking a high-growth bet in this sector should add FirstSolar to their watchlist. 2. Brookfield Renewable (NYSE:BEP) If you're looking for a less risky and more established player in the renewable energy sector, Brookfield Renewable might be a wise bet. The Canada-based asset manager operates one of the largest green energy portfolios in the world… Brookfield is a dividend juggernaut. The stock offers a dividend yield around 4.6% at the moment. 3. SolarEdge Technologies (NASDAQ:SEDG) SolarEdge has rapidly become one of the most well-known and valuable solar energy firms on the market. The company offers an end-to-end system that generates, stores and manages solar energy from home. Nearly three million homes across the globe were equipped with SolarEdge systems by the end of 2022.” End quotes. ------------------------------------------------------------- The Importance Of Sustainable And Impact Investing And 3 Companies That Shine! And I finish up with this article titled The Importance Of Sustainable And Impact Investing And 3 Companies That Shine! It's by Finance Monthly and published on finance-monthly.com. Now some quotes on their recommendations. “1. ICL Group (NYSE: ICL) ICL Group is global specialty minerals company and one of the largest fertilizer manufacturers in the world. ICL focuses on creating sustainable solutions… includes developing innovative fertilizers to increase crop yields while decreasing environmental impact, recycling industrial by-products into useful resources, which aligns with several UN SDGs… 2. NextEra Energy (NYSE: NEE) NextEra Energy specializes in harnessing wind and solar energy across North America… Beyond renewable energy, they also engage in physical contracts, trading activities, and marketing. Their primary income source is distributing gas and electricity to Florida residents. 3. Republic Services (NYSE: RSG) Republic Services specializes in waste management and recycling. As the second-largest waste management company in the United States, its mission is to produce renewable energy through recycling.” End quotes. ------------------------------------------------------------- Other Honorable Mentions – not in any order. 1) Title: Vegan investments: Are you putting your money where your mouth is? On veganfoodandliving.com. By Phil Davis. 2) Title: Why Fastenal is a Top Socially Responsible Dividend Stock (FAST) on nasdaq.com. By BNK Invest. 3) Title: 12 Best Solar Energy and Battery Stocks To Buy Now on finance.yahoo.com. By Hamna Asim. 4) Title: Revolutionizing the Future: “Emerging Green Technology Stocks” to Watch Now! – CLNV, GEVO, ADN, HYSR found on digitaljournal.com. By The Street Reports. ------------------------------------------------------------- Ending Comment Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “The Sustainable Stocks The Rich Invest In!” Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times! Contact me if you have any questions. Thank you for listening. Talk to you next on August 11th. And, again, please look at my new totally revised website at investingforthesoul.com! Tell me what you think! Bye for now.   © 2023 Ron Robins, Investing for the Soul

In the world of wealth and asset management, and the private markets in general, there is a noticeable communication gap between generations. The next generation of owners–people between the ages of 18 and 25–are prolific consumers of digital content, from Reddit threads to Spotify podcasts. For many businesses, that means adopting new technologies, broadening offerings, and finding modern ways to effectively serve clients.In this in-person episode of The Modern CFO, host Andrew Seski visits with Anthony Pastore, Head of Broadcast Communications at UBS, to chat about what his firm is doing to bridge that generation gap in communicating and investing, the role that social media and video plays in staying relevant and ahead of the competition, and the importance of having a digital approach to maintaining the massive amount of wealth transferring to the next generation in the decade to come.Show Links Check out UBS Follow UBS on LinkedIn Listen to UBS Trending on YouTube or your preferred podcast app Connect with Anthony Pastore on LinkedIn Check out Nth Round Connect with Andrew Seski on LinkedIn TranscriptPlease note that the transcript is AI-generated and may contain errors. The content in the podcast is not intended as investment advice, and is meant for informational and entertainment purposes only.[00:00:00] Andrew Seski: I'm Andrew Seski and this is The Modern CFO Podcast. I'm thrilled today to be joined by Anthony Pastore, head of broadcasting at UBS. We're in New York. We're here together. It's a rare opportunity for me and I'm thrilled about the conversation that we're gonna have today. Anthony, thank you so much for being here. [00:00:25] Anthony Pastore: Andrew, I'm honored to be here with you and it's very rare for me to be on the other side of the table of, podcast and video interviews. Usually, I'm the one asking the questions so I actually said to my team today as I was preparing to sit with you, I was like, I'm a little nervous. I'm not used to being interviewed. I'm usually the interviewer so I wouldn't be surprised if at some point I start turning the microphone to you and saying, "Andrew, I have a few questions for you as well" so hopefully, you're prepped for that.[00:00:49] Andrew Seski: I'm happy to.[00:00:51] Anthony Pastore: Anyway, I'm really happy to be with you. This is great. [00:00:53] Andrew Seski: Excellent. Well, I think the beginning of our conversation should probably start around your early career and why we're talking today. There's a huge gap in the wealth management and asset management world between generations. We are all consuming media in a different way, which is why I'm glad to be using this medium. And I'd love to learn from you as the head of broadcasting at UBS to explain what some of the brightest minds in the world are doing to bridge that gap. So, we have a ton to cover and I hope that it's a useful lesson for a bunch of CFOs who also have to communicate across a bunch of different cohorts of people. Whether they're investors or they're your C-suite or they're part of your team, having strong communication flows in a really technical way or a technical area like finance is just invaluable when it comes to senior leadership so. [00:01:44] Anthony Pastore: Yeah, I agree with that, by the way. And it's interesting because, and once we get into it, I'll talk more about it, but I think one of the interesting things about a job like what you and I do is we have to always be thinking, you know, five steps ahead of everybody else but it's really hard to do considering the competition in the media space. But what I think is interesting is we're talking about it, like I'm sitting in a wealth management firm at UBS and that's unique to our industry specifically — to have content like podcasts and virtual events and videos and internally for our employees and externally for anybody who wants to get a glimpse of what's going on and the thought leadership from this the UBS side. But, yeah. I know I'm going off on tangents here but I know you and I are both thinking similarly like what how much competition there isn't. How do you keep on top of it and stay relevant, especially for somebody who's sitting in a CFO seat? [00:02:37] Andrew Seski: Right. And the CFO doesn't typically get called upon for many any of the — I always say on the podcast, if you want to hear the vision of the company, you go watch the Bloomberg interview with the CEO. If you want to hear how finance is actually, you know, a key role in how that innovation is created, you come back to the podcast and listen to The Modern CFO and you listen to people like Anthony who are able to share insights from, you know, unique people who have a lot of sway into how companies are financed. So, strategic finance can take forms and a lot of different ways. We were just laughing about how both of us found ourselves in this building but neither came from purely financial roles like at wealth management firms.[00:03:20] Anthony Pastore: That's right. Yeah. And I guess that's a sort of a good segue. So and as you were asking, my background is pretty colorful. I kind of came up and I say this to all the younger people who start now. I'm in my late forties. I consider myself a true Gen X-er listening to grunge music because I was depressed and sad wearing my flannels in the nineties. But coming out of college, I went to school for I was a bit of a Renaissance man, as I always say. I studied theater, I studied business administration, and I also studied speech and communications. And my father looked at me and said, "What are you gonna do with that?" I said, "I don't know but I'll figure it out." And back in those days, you know, I was starting to look for full-time work in, say, 1997. It was the tech boom was just starting. Companies were hiring and, as we know with Gen X, there were fewer of us on the planet so there were a lot more jobs than there were people to fill them. So, I got a job working early days at Smith Barney. RIP Smith Barney. What a great firm and I still obviously work with a lot of people from those days who are now here at UBS and other firms. But Smith Barney hired me to work on a stock plan services desk, and I was helping Bank of America employees exercise stock options that they were granted by being full-time employees. And I learned a lot about the business but somewhere along the way, I met a woman who said, "You'd be really good for our radio station." I said, "You have a radio station here?" And she said, "We do." And it was called at the time "Radio FCN," which stand stood for Radio Financial Consultant Network — before we started calling them financial advisors. I interviewed and the my guy who the gentleman who became my boss for the next decade said to me, "Do you have any experience with talking about finance on any kind of a medium like this?" and it was only internal content just to the employees. I said, "No." I said, "But I have a theater background and I can talk about anything." He said, "You're hired." So, it got me in the door and I said, "Dad, thanks for paying for my education." But boy, did I learn a lot. And then through the course of that, I left I went to Morgan Stanley through the joint venture after the financial crisis after they acquired the Smith Barney Division. And long story short, I got an opportunity to come to UBS to build out their podcast infrastructure, which we had going since I started here in 2012. And then fast forward to during the pandemic and I started building out a video platform, which I'm sure we'll get into in a minute. But so my background is really interesting but, you know, by osmosis, I've learned an intense amount of information by sitting across the table from some of the smartest men and women in the industry.[00:05:47] Andrew Seski: So, I want to dive into that. One of the commonalities that we definitely share from an expertise level and from a podcasting level is I joined finance companies early on, now technology, and my competencies have been very disparate. And becoming a generalist or an expertise, there are roles for you in firms with cultures that you align with. So, I think that's gonna be something really important to the next generation. And we're gonna jump into generational wealth in the next segment here in just a moment but. [00:06:20] Anthony Pastore: Huge topic. Huge topic. [00:06:21] Andrew Seski: Alignment of interest right now is really important, so it's nice to know that, you know, whether you're Gen X through Gen Z, there is some place for your expertise. And I think it's a really powerful notion, especially when the world seems more black and white. There is a ton of gray when it comes to leveraging your skill sets at a firm that you align with and you're gonna be happy working for.[00:06:43] Anthony Pastore: I think that's one of the more surprising things. It certainly surprised me but I think it surprised a lot of younger people coming into this industry 'cause a lot of them went to school for econ or for finance pure play. They realize when they come in all the wealth of different kinds of talent that it takes to run a company of this size. Anything in this kind of bulge bracket, you've got people who are marketing people. You've got people who come from agency side where they're running, you know, all kinds of ads for advisors for the firm. They're doing animations for videos, they're doing graphics, they're doing podcasts. They're doing all kinds of really interesting, very creative stuff. And I think that's something that became that has become very surprising for a lot of people who come into the firm or the industry at a college who think it's gonna be all, you know, CPI, PPI, and, you know, and unemployment data the first Friday of every month. So, I think that's been a sort of a nice surprise for them is like, wow, look at all the diversity that we have of talent at a firm this size.[00:07:42] Andrew Seski: Back to your career for a moment. So, you started, you know, a theater major, then your first job was Morgan Stanley.[00:07:50] Anthony Pastore: Smith Barney. [00:07:51] Andrew Seski: Smith Barney. [00:07:51] Anthony Pastore: Stock plant services.[00:07:53] Andrew Seski: Stock plant services.[00:07:54] Anthony Pastore: That's right. [00:07:54] Andrew Seski: And then take me through that iteration to UBS. [00:07:57] Anthony Pastore: Sure. Yeah. So, as I said, my first job doing stock plant services. I did that for about six months and then I moved over to do more of a job where I was talking directly to clients. Smith Barney had a checking account that they called the FMA, the financial management account. And what I did was take calls from clients. I gave them account balances. I told them what was going on in their accounts. I gave them stock quotes. Okay. For those listening in who are under the age of 40, you couldn't just get a stock like you sitting across from me. You couldn't just get a stock quote by going to a computer or a phone. You had to literally look at the newspaper at the end of the day so we would get them on the computer and give them to the clients over the phone so that was really fun. [00:08:35] Andrew Seski: In my defense, I get a physical Wall Street Journal still every day. [00:08:39] Anthony Pastore: Wow. You're old school. That's a rare thing. I don't even have that anymore. But then when as I said, one of the women that I was working with, I sort of skipped a job. I wound up working on a sales desk where we were creating SmithBarney.com, which was our first website. This is going back. This is like maybe around 2000, year 2000. And that's where I really got to know financial advisors in a great way because I was talking to them directly when the previous role, I was talking to their clients. Now, I was working directly with advisors and I got to learn a lot about what goes into the day-to-day of an advisor's business? It is not for the faint of heart. You know, you're talking to clients who may be happy or not happy on a, you know, from call to call, sometimes the same call. So, you're always having to be on your game as an FA so I always thanked them for what they do. I remember one of my jobs in when I was working there, my boss put a sign up and said "The advisors pay the bills" and that was a constant reminder to me being a home office person to say, I would not be sitting here if the advisors weren't out there working their tails off, you know, to generate clients and assets and things like that. So, but then from there, one of my closest friends saw an opening in the podcast studio at Smith Barney and said, "This is perfect for you." So, it was really a perfect evolution for me. But most of my years in the business have been on this side of the microphone, you know, on the media side. [00:10:04] Andrew Seski: So, what have you seen that has been successful that CFOs could leverage to talk to different — like you said that you got really involved with the financial advisors. That gave you a certain level of respect. And then, leadership said this is where the bills are paid and that influenced you. [00:10:21] Anthony Pastore: It did. [00:10:22] Andrew Seski: How have you seen that, you know, that same lesson iterated across different types of people that you talk to every single day? Because I've seen some amazing clips of UBS content that you interview experts in a ton of different arenas and I highly recommend that everyone check out.[00:10:39] Anthony Pastore: Thank you for that. [00:10:40] Andrew Seski: All the content that Anthony does 'cause it's really these interviews are fantastic. [00:10:43] Anthony Pastore: Thank you. I'm learning a lot even today.[00:10:45] Andrew Seski: But what are some of the lessons that you've learned across maybe even just the last decade of how to communicate with different types of people? Because I think that's a huge challenge for CFOs today.[00:10:54] Anthony Pastore: Yeah, it is. You know, and that's and that — you know what, Andrew? That's such a really good and I think it's a really important question. I think it's just a matter of — you know, I do a lot of prep for any show so our show is called UBS Trending. That's our public-facing show where we interview — they're 10 minute shows by design and we're gonna talk about why we think that's helpful for the younger generation in a little bit. But I think, you know, it's a good way to get somebody sitting at the table with me for a 10-minute show where we could talk about a topic, whether it's talking about inflation and we're talking about small-cap stocks, we're talking about our CIO thought leadership, whatever the case may be. But part of my prep is to not only look at something that they either they've written that I can glean some factoids out of — I do my own prep from, you know, various websites — but I also talk to them if I'd never met them before to understand maybe a little bit more about how they tick. What's their cadence? What are they thinking? I ask them really pointed questions and they're just personal questions. How was your day? Where do you live? What's going on in your life these days? You know, and they're not like heavy, deep conversations but it's like, oh, I live in Florida. The weather's great. And I get a sense of, okay, they're super friendly. We can have a great conversation. What makes you tick? Do you have kids, grandkids? Are you married? Are you not married? You know? And I don't delve into the personal without them opening the door to that, if that makes any sense. You try to be reallyccareful about that. But I think for CFOs it's a tricky game to kind of find out who a person is to learn the best ways to communicate with them. And sometimes, it takes more than one or two meetings. You just kind of have to really sit down with the person and understand their worldview, if that makes any sense. What makes them tick? What's important to them? You know? What is it about their job that they love or that they would change? And that really tells you so much about a person.[00:12:36] Andrew Seski: I think that might be the perfect segue into a personal definition of a modern CFO because it sounds like you're saying the difference between somebody on the financial team versus the chief financial officer is somebody who's got a really healthy mix of IQ and EQ.[00:12:50] Anthony Pastore: Exactly. Exactly. I think that's a, yeah, please expand more on that because I know we talked about this just a couple days ago on the phone and I was really intrigued by that idea of the two — they don't necessarily have to oppose each other. They can work together. [00:13:02] Andrew Seski: Yeah. A lot of my episodes have covered the fact that there's a hypervigilance on how teams collaborate really effectively. We've had guests who have been, you know, served, you know, they've served us in a military or naval capacity where their entire job was focused on team-based collaboration and that can be really powerful. And it's a nice kind of way or a framework to view the chief financial officer job in general because it feels like you are just managing different types of people but in reality, it's how different cogs of teams work together, which you have to be, you know, very understanding on the individual level. But because of that, then you have to also have the next level up, which is how those people are gonna interact with each other then, the acumen of the entire world of finance and then from there, you have to be able to direct to those types of people, which I'm not sure if you've noticed this there occasionally is an ego or two. [00:14:05] Anthony Pastore: Every once in a while you come across one and then when I say that facetiously. Of course, there has to be some level of it, right? I think there's —[00:14:12] Andrew Seski: But if you think of that skillset, that is —[00:14:14] Anthony Pastore: That's right. [00:14:14] Andrew Seski: It's pretty multifaceted. [00:14:16] Anthony Pastore: It is. You know, and one of the things I think that has helped me in — you know, for many years it was just myself and one other gentleman, Dan Cassidy, who runs our podcast studio and it was just the two of us for a really long time just doing podcasts and we were a small little team. But as the video started to become a reality, we had to expand the team because you have to bring on producers and directors and technical people who can run video side of the business. And all of a sudden, my team was going from two people to three to all of a sudden we had, you know, seven or eight of us and I was really nervous at first, thinking, "Oh my gosh! I've never run a team of this size. What do I do?" And I said, you know, "I'm just gonna do what I continue to do. I'm gonna just be a human being. I'm gonna check in with them, have a little humor." I think humor is so important, not yuck-yuck humor, and you don't wanna be obviously inappropriate in your humor. But having a little fun talking about a TV show that everybody's been watching, you know, if there's a Netflix show that's really popular. Hey, everybody watching Wednesday on Netflix or some great documentary or The Last of Us or something? They'll go, "Oh, yeah." And then everybody starts talking and it becomes this collaborative team feeling. And just those little moments, they don't have to be these long, drawn-out planned things, just those little moments. They humanize you as the leader or in this case as the CFO and they see you as a real person but they still have respect for you 'cause they see that you're trying to connect with them and then you show your leadership skills when it comes to getting the job done and they look to you to do that. But I do think being a human being means everything and never condescend to people ever, ever, ever. Even if they've done the worst thing in the world, you figure out how can we make this better? Because I've had bosses that just kind of come at you and it just strips you of your confidence and then you feel like you have to build it again and it takes a long time. Just be there for them. That's what our jobs are.[00:16:04] Andrew Seski: Let's focus on humor because I think we're talking to kind of almost workplace culture, which will segue into how we think about multi-generational family wealth. And then, what I am really interested to hear is about the one thing you feel is underestimated in the world today. But I know that we can kind of merge all of these topics together but.[00:16:27] Anthony Pastore: I think we can. [00:16:27] Andrew Seski: So, I mean, the idea that humor has a place in the workplace in general is not horribly unique but it sounds like humanizing your workforce is a 2023 requirement.[00:16:41] Anthony Pastore: I think so. You know, and look. I come from a generation where — and I was just literally talking about this with a friend of mine who's not in finance but in my age range. I said I remember coming up when you were just expected to do things. Nobody ever really held your hand and took you to a place. They just said, "Do it" and you sink or swim on your own. And I remember thinking, that's not really good for me. I want somebody to just kind of at least kind of be there for me if I need help. Not just like, oh, it's fail pass or fail but your choice, however you make that happen. I think there's a nice — and then obviously there's people who now complain that the younger generations all they have is handholding and everybody's like coddling them. I think finding that middle of the ground, the, you know, like middle-ground approach is the right way to do it in my personal experience because being thrown into the deep end of the pool, I learned a lot but I was also scared to death and I hated the idea of having to make mistakes. I was afraid to ask questions 'cause I thought they were gonna look down on me. I should know more. But I never wanted anybody to feel that I'm gonna just hold their hand and walk them through their day. Like you gotta also figure some things out on your own. But that's being a really, I think, effective leader is finding that blend and throwing humor in there is just one way again I think I'll just repeat this and I'll probably say this a lot, it's the humanizing factor, showing them that you're a real person, too. You're not just somebody who's, you know, running a team or running a company as the case may be. But, you know, it's a really, really tough place, especially for those of us who've come up in the older days when we were made to sink or swim completely on our own. I think there's probably a lot of people out there listening to this who might be nodding their heads and saying, yeah, I had similar experience to that myself. But when we were talking in our prep, you said, what's the one, what's the question again? What's the one thing that we should be doing more of? [00:18:30] Andrew Seski: Underestimated in the world today. [00:18:31] Anthony Pastore: Underestimated in the world. I think it's compassion. That's always my answer. I find myself being sort of empathetic towards people's journeys. And I use the word "worldview." I think understanding where people are coming from and it's not just at work. It's in life, too. You know, you meet new people all the time who are not necessarily sitting in the cubicle next to you. They are sitting in a bar next to you or in a restaurant or at a museum or, you know, you're meeting people through friends or whatever the case may be. You have to have compassion for people. You have no idea what their day was like or what their life was like and you can't assume anything. Nobody's like you or me, Andrew. We are two individual people who just happen to come together for this great podcast that you're doing and we have found I think a good rapport and energy between us. But it doesn't mean I know who you are or what your experiences are. Just be compassionate and just be open to learning who people are. I think there's not enough of that in the world and that's not politicizing anything. That's a whole other discussion that we're gonna leave out of this podcast. But I think in the world, if we had more compassion, I think you'd see more understanding and people seeing, feeling like they're being heard and just understood, you know? And then I think people could succeed more. [00:19:36] Andrew Seski: Well, I mean, that's why I wanted to do this podcast in general because from the CFO seat, compassion during market cycles that are very easy, you can see it in the private markets with the benefits of the types of things that coddle what I think entrepreneurs who have been through multiple market cycles would say, you know, that is just a result of a time of feast, you know? This is not reality. We go through market cycles and CFOs, you know, today, every headline that we see about major layoffs it's, you know, humanizing everyone. And having compassion and empathy in the world of finance is a hugely underappreciated conversation so that's why I wanna have it. [00:20:15] Anthony Pastore: Hundred percent agree, yeah. [00:20:17] Andrew Seski: And it the same operates in succession planning as you were describing that kind of compassionate yet humorous yet needing to be respected mindset, I was thinking of some of the patriarchal people who I know who run family businesses or are just heads of family or matriarchal and it's the same thing. It's a level of respect but also an acumen for understanding how to communicate, especially around things that are horribly complex like ownership around equities or, you know, alternatives, which actually I think is an interesting point for UBS, which I think the one of the things that I think UBS personally does really, really well is communicate on complex topics, especially to advisors. And I know that we have a lot of advised a lot of family offices who look to the street for a lot of advice, trying to get a good pulse. And this is another reason why these mediums are so important 'cauwe we can do deeper dives on all of this too, which is awesome. [00:21:15] Anthony Pastore: That's right. One of the things that I think is one of the many things I think I really I'm a personally I'm a big fan of the culture here at UBS. You know, back in the days at when I was at Smith Barney, the culture there was, I mean, it was the older days. It was pre — let's talk about it — it was pre-9/11. It was pre-financial crisis. It was kind of a different time. We were looking for different things. They called the advisors financial consultants, not advisors. It wasn't about wealth management as an advice business. It was about, you know, selling products to clients, not that that was a bad thing. That's just what we were doing at the time. Well, not me, but that's what our business was about. Then, we moved into this idea of holistic wealth management and that's what we continue to do today, which I think is a really important thing to do. We have, you know, our advisors here at UBS are given this framework called UBS Wealth Way and it gives them five questions to ask instead of saying to your client, "Hey, what mutual fund are you interested in?" They might be a doctor or a lawyer sitting there. I don't know. But we ask them questions like what's important to you? Who's in your family? What do you wanna leave behind? What do you wanna do with your money? You know, do you have any particular charities that interest you? Who are you gonna go grab an ice cream with when you're, you know, 75 years old? So, things that make them think. And then, our advisors go, "Okay, great. Now, I can put your portfolio together." But I think that's the changing business. And one of the things I like about the culture here is it comes from that side of thinking more about the client and his or her life or their family's lives from different angles. And it's not just about what, you know, what ETFs do you want in your portfolio. And I think that's what I feel really passionate about in the business and especially the UBS culture. It is very collaborative here. My colleagues are great. Everybody works together. It's that's how you get things done more effectively, too, and that's a powerful thing. [00:22:57] Andrew Seski: So, it sounds like there are evergreen values. But one of the topics I wanted to cover today, too, is the role of technology at the firm. We have all been playing with ChatGPT and all of the modern AI tools. It's been exciting but the world of wealth management, which is slightly different than asset management. Wealth management is more of the holistic picture of not just your assets but liability. The full picture of philanthropy as well.[00:23:24] Anthony Pastore: Absolutely. Yep. [00:23:25] Andrew Seski: This is slightly separate from being just a fiduciary. But the interesting aspect is that there's been one of the podcast guests I had was David Magerman, who was one of the early engineers at Renaissance Technologies. And, you know, the idea of using AI and machine learning in algorithmic trading has been around for a decent amount of time and algorithms get refined and refined. But and there are only a subset of people on the planet who can do it really, really well consistently. One of the things I'm interested in is just where you see the future of technology from every aspect of the firm because, you know, we're in a modern studio today. The video aspect of communicating effectively is massive in this space. Drives a lot of, you know, a lot of views and it's easier to engage with people today than ever before. But also, we need to probably think about how tech could integrate across every business sector. So, curious from your perspective what that looks like. What it looks like for the future of your role and maybe what it looks like across some of the different areas across all of these different floors in this building at UBS here. [00:24:35] Anthony Pastore: Yeah. You know, I think, Andrew, probably I'll say something that most people will agree with is that the pandemic really taught us a lot about the importance of technology. That was evident in sales of computers and devices that people needed to outfit in their homes but also the infrastructure that firms like ours and yours and everybody else's had or needed to upgrade to make sure that people could log on remotely and have a seamless experience. And I think we learned so much from that about how important technology really is in our day-to-day lives. And especially for, and again, speaking from a wealth management perspective, for advisors who were all of a sudden working in their home offices, which they'd probably never done before. Everything was in an office. Clients were in front of you as close as you and I are sitting right now. They knew that they had to figure out how to do a business from home and they had to have access to all their systems, their trading systems, all of the ways to get client information, portfolio account values, etc., households. And, you know, thankfully, it worked. And, you know, they had been already as a firm UBS was thinking about the technology component and how can we make it better just in the in-office experience. And thankfully, they had foresight to say we should have a remote experience as well so by the time the pandemic happened, they were ready, which was welcome because if all of a sudden the firm just had to shut down because you couldn't log on from home, that's a game changer, you know, and that could put anybody out of business. So, I think that alone, just like the idea of remote and virtual working and seamless ways to do that from the office to home, is a game changer. On my side, on the media side, the video side of my business only really came about in earnest because of the pandemic. We knew as a firm if we're gonna reach people during this time, we need to have video. We need to have a steady stream of videos being created and not just Zoom webcast. We're gonna elevate this on a level that no one is doing. And so, we're lucky that we had people who I was reporting to at the time who had the foresight to say, yes. What's the vision? Let's build a beautiful newsroom studio. No other firms are doing this. Let's blow it out of the water. And I remember during the pandemic and I was home when we were working with our particular vendor, while they were building our physical studio here in our offices in Midtown, they set up a virtual studio for me in my New York City apartment in my second bedroom, which, you know, anybody who lives in New York City knows a second bedroom is either a guest room, an office, a storage room, or all the above, or the gym. So, I had — and it was all the above for me. And they put in a green screen and cameras and lights and I was remotely working with a director who was sitting in Washington, DC and a producer who was in Chicago and a, you know, an engineer who was sitting in Las Vegas. And that for me was the start of us migrating into the new level of technology when it came to media. And now, shooting in a studio and doing shows like that, now we're looking to what's the social media aspect here? How much can we be doing there? TikTok is everywhere. Every single person in — certainly under the age of 25, between the ages of 18 and 25, are on TikTok or at least viewing it so how do we reach that audience? And it's continually looking to see where that technology should go. Now, of course, in financial services, we have a lot of regulations and there's a lot of people who say, yeah, you can't do that just yet, you know? So, would I love to be on TikTok doing three minute videos with our best, smartest thought leaders and our chief investment officer? Yes, of course. But we'll find ways around that. But I think technology never stops. It's always continually, you know, evolving and so, it's a matter of us keeping up or at least finding ways to, you know, to chase after it.[00:28:08] Andrew Seski: So, the CFOs who are listening have to then just decide that there are different mediums. Yes, they have to learn them. They have to be communicative in different mediums that they're gonna be pushed outside their comfort zone to do. [00:28:22] Anthony Pastore: For sure. [00:28:22] Andrew Seski: And it can be a huge part of a strategy because you need the right people to deploy the right strategies no matter what seat you're in.[00:28:30] Anthony Pastore: A hundred percent. And for a CFO who's also looking at the bottom line, if you're a, you know, in a company who wants to really ramp up media content, whether it's videos or podcasts or both, having an in-house team like we've developed here is a huge cost savings because third-party vendors to do production are very expensive. I mean, they do a lot of work. Let's not mince words. But it's an expensive venture. And just by having our video studio opened last year, we saved the firm, you know, millions of dollars just by not having to outsource, you know, the work to someone else. We were able to do it all in house with our in-house staff. So, that's, you know, from a financial perspective, it's a really smart thing to do and, I mean, you know, imagine if you had to outsource your podcast every single time by using somebody else's studio or someone else's equipment. It doesn't pay. You know you're doing it all in your own office that you built with your own equipment and you're able to produce at your own on your own schedule and not have to pay someone to produce it for you 'cause it's pretty costly.[00:29:31] Andrew Seski: Yeah, it can be a real cost savings to just have normal conversations that you're having in the office, record them, and be transparent about the way that you're building.[00:29:40] Anthony Pastore: That's right.[00:29:40] Andrew Seski: I think that's one of the trends of some of the more successful companies in the last few years. They have built their firms in public so that their audience, their customers, and the way that sales are generated are because of the loyalty to the brand because they've been a part of the journey the whole time because of the transparency that social media's given us. And a big piece of that can come from just having open and honest conversations about how things are actually built, not to very clearly rip off how I built this by accident but.[00:30:10] Anthony Pastore: It's all fair, right? Imitation is the sincerest form of flattery, they say. But I think, you know, you were talking about multi, you know, the next generation of wealth, and I think if you really want to attract that generation from all the research we know and from talking to people who are in that age bracket, this is the way to go. They want quick. They want pithy. They want video or podcasts but they want engaging, they want conversational. Nobody's reading 40-page research reports anymore. We all know that. I think that's a pretty much it's it still happens but everybody knows — alright, if I'm gonna write a 40-page equity preference list on industrials, I also better accompany that with a 10-minute video and a 20-minute podcast just so people can say, you know what? I don't really wanna read this. I just wanna listen to it. Let me hear what the analyst has to say. That's the thing that we've learned so much of in the last few years is the importance of having a multimedia approach, you know? Articles, blogs, reports, videos, podcasts, all coming from the same firm. That's what we do here at UBS and it's I think it's been a game changer because our clients and our advisors and, of course, their prospects, they can consume it however they want, no matter what age they are. That's I think the secret sauce is just knowing that you can create content that could be, you know, interesting to any age, any demographic, as long as you're telling the story in different ways.[00:31:33] Andrew Seski: Right. I mean, that's one of the reasons for being of Nth Round in general. We are this modern interface with, you know, private assets, which are difficult to value, difficult to communicate the value but, you know, get an easy portal to sign in with a click and you could use your iPhone to do so. It's I think what's gonna happen in probably the alternatives, whether it's, you know, any of the bulge brackets or not, this is all gonna come into meeting people where they currently are. But also, there's gonna be value from great grandpa having, you know, hosting a Jeffersonian dinner explaining why the family office was created and somebody wanting to know that one of the portfolio companies exited and they're gonna get a distribution in the K-1 and if they can get that in an email with one click and look at the total dollar number and be able to send it off to an accountant, they're gonna be way happier than, you know, whatever the family retreat is or anything like that. So, it's how do you introduce some of those tools and communication method across generations to go? Your great-grandfather had, you know, he sat with you over dinner. That's where this came from. Now, we've got a round table. Now, we've got our event. This is what it's gonna look like and how we're gonna iterate a future for the rest of these generations. [00:32:46] Anthony Pastore: I'm still laughing about a Jeffersonian dinner. That's a great great line. I'm gonna have to use that more often. You know, and I was gonna bring up. You were talking about, you know, we talk about multi-generational wealth. We have a group here at the firm that focuses on the a multi-generational wealth and they did some research before they launched the segment last year and it says something like 83% of investors are concerned about transferring their assets smoothly. So, I mean, it's a big issue for a lot of people. Having these Jeffersonian dinners but then having every generation at the table, they don't know how to do it wisely. And then, it's like another stat that came up with that six and 10 heirs and benefactors agree that the parents have to bring up the topic. It would help break down those barriers to talking about that inheritance. The kids don't want to go to the elders. They want them to go to them — the elders to go to the kids 'cause they're like, Hey grandpa, how much money do you have and when am I getting it? That's what it sounds like in grandpa's ears perhaps. So, it's a lot of like people are just aren't talking to each other about transfer of wealth. And then, you know, what happens? These kids go to smaller shops and they or they do everything online or they ask ChatGPT where they should be investing their money and it'll give 'em some crazy answer.[00:33:59] Andrew Seski: Right. And that's actually an interesting idea too just in the fact that I think one of the issues around CFOs trying to communicate effectively in general is the control of information and where it's coming from. And I feel as if the financial reporting is it almost mirrors this conversation right now where, you know, the father and son, all the stakeholders, all the siblings and cousins. It's like almost as if that there needs to be one very strong voice communicating about how, you know, a mandate is around the family selling assets or what that agreement looks like for whatever the cash generating business actually looks like. Could there ever be a place in time where somebody needs excess liquidity and is the agreement malleable enough to accommodate that? But if you don't know how to ask because it's not being communicated down, you lose control of everything. You may lose control of the actual asset that's generating the wealth in itself if you get pushed into some sort of exit scenario you're not, you know, prepared for.[00:35:02] Anthony Pastore: That's right. [00:35:02] Andrew Seski: So, it's a really interesting issue. I love the fact that you brought statistics here because, I mean, it's fascinating to know what's working and what's not. [00:35:09] Anthony Pastore: I've got tons. I mean, you know, our we also have our family office who does a ton of research and the and that's part of our private wealth management division run by John Mathews, who is a great leader and a good friend. But you know, he said there's $71 trillion wealth opportunity out there right now globally. It's incredible to think and from a family office perspective what's really out there and how much has changed because of COVID, digital disruptions, geopolitical developments — it all matters to family offices when they're thinking about what they want to do and how they want to invest and what they want to pass down to their heirs. It's a really important and hot topic right now to think about the evolution of a family office.[00:35:47] Andrew Seski: I'd love to learn a little bit more about UBS' family office services before we start to wrap up here, especially because I think the back when I first heard the term "family office," it meant something really different than it does today and I'm not sure that most people looking to think about multi-generational wealth or passing down businesses really understand a lot of those basic definitions. [00:36:12] Anthony Pastore: That's right. [00:36:12] Andrew Seski: But when I first started my journey, I thought that a family office was created by handpicking some incredible investment bankers and then they worked for just the family. Today, there is such an impossibly large spread of types of services where that's still the case for single family offices where they could still outsource the CIO role to one of the major shops or outsource just any of the different aspects of what running, you know, basically a small asset management firm for your personal wealth management, what that actually looks like.[00:36:50] Anthony Pastore: That's right.[00:36:51] Andrew Seski: So, I'd love to learn a little bit more about how UBS thinks in terms of where their services could be thoughtful to some of those multi-family offices or RRAs. [00:37:00] Anthony Pastore: Yeah, and like a full disclosure. I'm certainly not in the family office but I work with them quite often and what they're, you know, what they're talking about is that they are the best representative for a family — so if a family office comes to UBS and they work with one of our advisors, they also have the backing of our family office team within the private wealth team and they get, as you just said, they have a financial analyst who can work with them. They work with somebody who helps them with their philanthropy goals. They have experts at their disposal to really help them transform the way that they're investing the money that's part of the family office, not just keeping the money someplace and having outside people run it. It's all in-house so they get it's like a full service experience for a family office when they work with our advisors here 'cause then our advisors work directly with the family office team in the home office area. So, it's a it's really it's a one-stop shop. [00:37:52] Andrew Seski: Yeah. It used to be that you had to go out and just go try to create your own and whether you've done that, you know, UBS or another competitor to, you know, round out the services or if you wanna start your family office and wealth management services from day one.[00:38:06] Anthony Pastore: That's exactly right. And, you know, and just for a color, the top three markets for family offices $14.6 trillion in North America, Europe has $10.5 trillion, and then Asia has $11.8 trillion. So, there's a lot of assets out there and, you know, we are trying to explain to these family offices how we can help them holistically with managing their business, managing their family money, and, you know, and keeping it by passing it to the next generation, having those family meetings, and doing the family love letters and having everybody sit around the table with their advisor as sort of the mediator in the room, you know, so the kids don't have to ask the embarrassing questions of the grandparents and the parents.[00:38:52] Andrew Seski: I think one of the things that I'm fortunate enough to have a seat at the table is kind of a perspective into alternatives. All of Nth Round's clients are privately held companies. They're really, really interesting folks and just having a well-diversified strategy is obviously a huge portion of the wealth management services here and I think that the next generations can be highly focused on the private markets. They've seen what happens in the venture world. They're raising their own funds for the first time. They're highly proactive. Whether they're trying to be activists, shareholders, trying to trade Robinhood accounts, or try to figure out how to become micro LPs, I think that's gonna be a huge piece of this and to have that be respected and understood as a piece of a well-diversified portfolio I think is gonna be really powerful. [00:39:40] Anthony Pastore: I agree. And even private equity is something that more and more family offices are interested in these days. It's also one of the preferred methods of investing for this year from our chief investment office at UBS is looking at private markets as, you know, as an opportunity within any and even an individual's portfolio. But certainly for a family office, it's a great avenue to be looking into for sure. [00:40:03] Andrew Seski: Yeah, and family offices are unique too as investors just from a standpoint of while it's nice to think about becoming a micro LP, the success rate is just the amount of risk that you're taking on to make the investments is extremely high.[00:40:16] Anthony Pastore: Exactly. [00:40:17] Andrew Seski: So, having the experience of another firm with, you know, your formalized structure makes all of those little pieces fit into place a lot more. [00:40:26] Anthony Pastore: That's exactly right. By the way, my team would kill me if I didn't tell everybody where our videos are located so I hope you'll allow me to do that.[00:40:33] Andrew Seski: Please do.[00:40:34] Anthony Pastore: UBS.com/studios and also on the UBS YouTube channel. That's our UBS Trending episode. And for the podcasts, it's all over iTunes and Spotify and everywhere, probably where your podcast sits so we can work in conjunction with each other.[00:40:47] Andrew Seski: Is there any way that somebody can get in contact with you if they're interested in any other media?[00:40:52] Anthony Pastore: 100%. They can email me directly. It's my name — anthony.pastore@ubs.com. Please feel free to reach out or you can link in with me. I'm also on LinkedIn and, you know, other social media things but LinkedIn's probably the best bet. So, please direct message me there. Happy to talk to anybody who might wanna chat a little bit more.[00:41:12] Andrew Seski: This has been another episode of The Modern CFO Podcast. Thank you so much, Anthony. I hope we have the opportunity to speak again. [00:41:18] Anthony Pastore: I hope so too, Andrew. Thanks for being a fantastic host. I really appreciate it. This was a lot of fun. [00:41:22] Andrew Seski: Welcome to the other side of the table. [00:41:24] Anthony Pastore: I still don't like it so much but I'll do it for you. Thanks, Andrew.

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From Eating Tree Bark to Richest Man In South Korea. Born of This Land: My Life Story by Chung Ju-yung. Founders #117 The most inspiring autobiography I've read: Chung Ju-yung the Founder of Hyundai  Apr 04 2022    83 mins     What I learned from reading Born of This Land: My Life Story by Chung Ju-yung. Upgrade to start learning from history's greatest entrepreneurs. You will immediately gain access to 247 full length episodes.   About the Book “As a businessman and a hard working laborer born of this land, I feel an infinite sense of pride that I have contributed my share to this country's breakthrough.” – Chung Ju-yung Born of This Land: My Life Story is an English translation of the Chung Ju-yung's autobiography. Chung ju-yung is the founding chairman of the Hyundai Group. The story begins with the escape from his home to the beginning of Chung's first auto repair shop. Chung's personal account of the construction of Soyang River Dam and the Seoul-Busan Expressway, establishment of Hyundai Motors and Hyundai Heavy Industries, and Seosan Reclamation Project are included in the book. Through Chung's account, we will gain a deeply personal insight into the man who contributed to the Miracle on the Han River.   About the Author Chung Ju-yung(1915.11.25~2001.03.21) is the founder of Hyundai, which included the global consumer brand Hyundai Motor Company, one of the world's foremost shipbuilders Hyundai Heavy Industries, and a large number of other affiliates. Born on November 25, 1915 in Tongcheon County, Gangwon Province, in what is now North Korea, Chung ran several small businesses prior to Korea's liberation from Japanese colonialism in 1945. In 1946, he founded the Hyundai Motor Service Center, and the next year Hyundai Construction Company. These two businesses would blossom into the bedrock of one of Korea's industrial titans. Chung presided over the Hyundai group during South Korea's rise from being one of the world's poorest nations to now one of its richest. Aside from his many achievements in the world of business, he also helped secure the 1988 Olympics for Seoul and sought to improve relations with North Korea through public diplomacy.   Contents Preface for the English Edition • viii Editorial Note • xiv Prologue • 02 | Chapter 1 | My Hometown, My Parents • 05 My hometown, Tongcheon • 06 My childhood and leaving my hometown • 13 | Chapter 2 | The Birth of Hyundai • 19 From dock worker to rice shop owner • 20 An auto-repair shop, a fire, and Ado Service again • 25 Blessing in disguise at the Holdong Mine • 31 Postliberation in Donam-dong • 32 Hyundai Auto Service Center, Hyundai Construction, and the Korean War • 36 The ordeal of Goryeong Bridge • 49 Goryeong Bridge, a blessing in disguise • 54 Success is all about timing and decision-making • 59 Shin-yung, my brother • 65 | Chapter 3 | My Construction Business • 71 Construction, the key to modernization • 72 Going overseas • 75 Building the Soyang River Dam • 81 The Gyeongbu Expressway: Korea's main artery • 90 I am a builder • 101 | Chapter 4 | The Hyundai Motor Company and Hyundai Shipbuilding • 105 The Hyundai Motor Company gets its start • 106 Our first car • 112 Dreaming of a shipyard • 128 In search of credit • 132 Someone crazier than me • 141 Leaving a mark in shipbuilding • 144 To laugh or cry? • 148 The oil shock of 1973 • 152 | Chapter 5 | Drama in the Middle East and the Milestone Year, 1980 • 157 My near-death experience • 158 To the Middle East we go • 163 High drama in Jubail • 165 Hurdle, after hurdle, after hurdle • 171 Mock us if you will • 177 The “thinking bulldozer” • 183 Giving back to society through the Asan Foundation • 185 Korea's business leader • 190 A difficult late 1970s • 197 Hyundai Heavy Industries under siege • 200 A dark period • 206 | Chapter 6 | The 1988 Olympics and Korea's Fifth Republic • 209 President Park Chung-hee and Korea's bid for the 1988 Olympics • 210 Going all out in Baden-Baden • 214 Two years and two months: serving on the Korean Sport & Olympic Committee • 225 Reclaiming land for a small nation • 231 The bombing in Rangoon • 240 Growing pains • 244 | Chapter 7 | Mt. Geumgang and Siberia • 251 The evolution of the Mt. Geumgang project • 252 Meeting Gorbachev • 261 Claiming a stake in Siberia • 264 | Chapter 8 | Loving My Country, Loving the People • 271 Human capital above all else • 272 Hyundai is wealthy, not I • 274 Businesses contribute to their nation • 278 The bigger the better • 283 When will the private sector lead the economy? • 288 Fundamentals over frippery • 292 | Chapter 9 | My Philosophy, the Spirit of Hyundai • 295 The Hyundai spirit • 296 No more corruption, please • 298 Money and wealth are not the same • 301 Frugality and honesty lead to wealth • 303 Positive thinking is the road to happiness • 308 The conditions for happiness • 313 An ordinary wife • 316 For the nation • 321 Epilogue • 326 Appendix A: Photos of Chung Ju-yung with Family • 329 Appendix B: Chronology • 337 Notes • 353   WHAT OTHER PEOPLE ARE SAYING: “Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.” “I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.” “I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey. “I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.” “Founders is the only podcast I pay for and it's worth 100x the cost.” “I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.” “I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.” Listening to your podcast has changed my life and that is not a statement I make often. “After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.” “It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.” “Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.” “I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.” “This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.” “Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.” “David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.” “The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.” "Founders is the best self investment that I've made in years." Upgrade to start learning from history's greatest entrepreneurs. You will immediately gain access to 247 full length episodes. You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. Sign up to get access to every full episode.

What I learned from rereading One from Many: VISA and the Rise of Chaordic Organization by Dee Hock. Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 268 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 268 full length episodes. 

What I learned from reading Explore/Create My Life in Pursuit of New Frontiers, Hidden Worlds, and the Creative Spark by Richard Garriott.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 265 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 265 full length episodes.

What I learned from reading Masters of Doom: How Two Guys Created an Empire and Transformed Pop Culture by David Kushner.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 264 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 264 full length episodes.

What I learned from reading The Father of Spin: Edward L. Bernays and the Birth of Public Relations by Larry Tye.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 264 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 264 full length episodes.

Ashvin Chhabra is the President and Chief Investment Officer of Euclidean Capital, the family office for Jim Simons of Renaissance Technologies. Ashvin joined Euclidean in 2015 after spending time as CIO of the Institute for Advanced Study and CIO of Merrill Lynch Wealth Management. He is the author of The Aspirational Investor and is recognized as one of the founders of goals-based wealth management. Our conversation covers into Ashvin's upbringing and his path from physics to investing. We discuss his “Beyond Markowitz” portfolio management framework, application of it to high net worth individuals, foundations, the Yale endowment, Warren Buffett, and a single family office. Along the way, Ashvin shares the story of interviewing with Jim Simons, his critique of endowment management, manager selection, and perspectives on interest rates and bitcoin. Ashvin is one of most creative and independent thinkers in the community and you'll soon hear why.   Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership 

What I learned from rereading The Fish That Ate the Whale: The Life and Times of America's Banana King by Rich Cohen.Listen to every full episode for $10 a month. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 263 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 263 full length episodes.

Howard Morgan of B Capital Group joins Nick to discuss Founding Renaissance Technologies & First Round Capital, The Origins of Idealab, Reasons Not to Grow your Fund, and How Sourcing from YC Has Changed. In this episode we cover: Starting the First Quantitative Hedge Fund Idealab's First Check The Story Behind the Founding of First Round Capital What's Ahead in The VC Funding Markets Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

What I learned from reading John D: The Founding Father of the Rockefellers by David Freeman Hawke.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 262 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 262 full length episodes.

What I learned from reading When Money Was In Fashion: Henry Goldman, Goldman Sachs, and the Founding of Wall Street by June Breton Fisher.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 261 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 261 full length episodes.

What I learned from reading The Instant Image: Edwin Land and the Polaroid Experience by Mark Olshaker. (This is episode #132)Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 260 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 260 full length episodes.

What I learned from reading Socrates: A Man for Our Times by Paul Johnson.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 260 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 260 full length episodes.

What I learned from reading Franklin & Washington: The Founding Partnership by Edward Larson.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 259 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 259 full length episodes.

What I learned from reading The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger by Greg Steinmetz.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 258 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 258 full length episodes.

What I learned from reading The Richest Woman in America: Hetty Green in the Gilded Age by Janet Wallach. (This is episode #103 on the Misfit Feed!)Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over. WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 257 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 257 full length episodes. 

What I learned from reading I, Steve: Steve Jobs In His Own Words by George Beahm.Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 257 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 257 full length episodes.

What I learned from reading Titan: The Life of John D. Rockefeller by Ron Chernow. Listen to every full episode for $10 a month or $99 a year. The key ideas you'll learn pays for the subscription cost thousands of times over.WHAT OTHER PEOPLE ARE SAYING:“Founders is the only podcast I pay for and it's worth 100x the cost.”“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey."I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”"I can't get enough of your podcast. You add a new layer to the books I've already read and make connections to ones I haven't, but now must read."“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."UPGRADE to listen to the rest of this episode and gain access to 256 full length episodes.You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. UPGRADE to listen to the rest of this episode and gain access to 256 full length episodes.