Podcasts about rowe price

What separates exceptional leaders from everyone else?It's not talent.It's not intelligence.And it's not working harder.In this episode of Time to Reset, Penny Zenker sits down with Sébastien Page, Chief Investment Officer at T. Rowe Price and author of The Psychology of Leadership, to explore the mental habits that help leaders thrive under pressure.Together they unpack why the most successful leaders focus on mastery over ego, why resilience is built through setbacks—not avoiding them—and how a psychology-first approach creates stronger teams, better decisions, and long-term success.You'll also discover why leaders need more than measurable goals, how AI changes what leaders should prioritize, and why meaning—not metrics alone—is the key to engagement.In this episode:The difference between mastery goals and performance goalsWhy resilience starts with your mindset—not your circumstancesHow positive psychology differs from toxic positivityThe leadership psychology behind high-performing teamsWhy focusing on process leads to better resultsHow AI is changing effective leadershipThe hidden danger of goal-induced blindnessWhy meaning drives motivation more than metricsWhether you're leading a business, managing a team, or simply trying to become a better decision-maker, this conversation will help you build the mindset needed to succeed in today's rapidly changing world.If you enjoyed this episode, subscribe to Time to Reset for more conversations on leadership, focus, productivity, communication, and navigating change with clarity.Connect with Sébastien Page

As Chief Investment Officer at T. Rowe Price, Sébastien Page leads a global team managing hundreds of billions and has been recognized with multiple research awards for his practical approach to finance and leadership. His journey is inspiring, from arriving in North America as a young Canadian immigrant barely speaking English to becoming one of the youngest Senior Managing Directors at State Street, then rising through senior roles at PIMCO and now T. Rowe Price. Sébastien's new book, The Psychology of Leadership, bridges real-world executive experience with the science of performance psychology. He spent over four years collaborating with sports psychologists and translates actionable principles from resilience and high-performance research into leadership strategies. His SEE framework (Systematize, Encourage, Exit) and concepts like "goal-induced blindness" offer sports-anchored lessons for teams, coaches, and business leaders alike. Plus, he doesn't shy from the human side of leadership: drawing on both elite athletics and the power of introverts, he helps people find meaning, motivation, and long-term fulfillment. If you want to understand performing under pressure and how to lead people when it matters most, you will want to listen to this interview.  Connect: www.psychologyofleadership.net The #1 Bestseller CAPTAIN: THE ATHLETE'S GUIDE TO BEING AN EXCEPTIONAL TEAM LEADER is now available!  CLICK HERE TO ORDER We are constantly asked "where have all the leaders gone?" Now more than ever, it is up to schools, clubs and coaches to develop our leaders, and this new book is a perfect guide to train and develop them. It is filled with stories of champion team captains on the professional and college level, Hall of Fame coaches, and more, and is a masterclass on leadership. Your athletes will learn from leaders such as Carles Puyol Abby Wambach, Tim Duncan, Shane Battier, Richie McCaw, Carla Overbeck and Simone Biles. It will help your athletes understand the qualities needed to lead, the responsibilities they must accept, and the most common challenges they will face. The chapters are short and sweet and have discussion questions so that your leaders can work through them together and set your team up for great success. The book also comes with a  FREE downloadable 10-session curriculum so you can guide your team or the leaders in your school or club through the entire book.  FOR ORDERS OF 10 OR MORE, WE OFFER A $5 PER BOOK DISCOUNT. EMAIL John@ChangingTheGameProject.com to place your order. BOOK A SPEAKER: Interested in having John present to your school, club or coaching event, either in person or virtually? Looking for leadership training for your student athletes, a coach development workshop or parent education? We are still booking Fall 2026 events, please email us to set up an introductory call John@ChangingTheGameProject.com PUT IN YOUR BULK BOOK ORDERS FOR OUR BESTSELLING BOOKS, AND JOIN 2026 CHAMPIONSHIP TEAMS FROM SYRACUSE MENS LAX, UNC AND NAVY WOMENS LAX, AND MORE! These are just the most recent championship teams using THE CHAMPION TEAMMATE book with their athletes and support teams. Many of these coaches are also getting THE CHAMPION SPORTS PARENT so their team parents can be part of a successful culture. Schools and clubs are using EVERY MOMENT MATTERS for staff development and book clubs. Are you?  We have been fulfilling numerous bulk orders for some of the top high school and collegiate sports programs in the country, will your team be next? Click here to visit John's author page on Amazon Click here to visit Jerry's author page on Amazon Please email John@ChangingTheGameProject.com if you want discounted pricing on 10 or more books on any of our books. Thanks everyone. This week's podcast is brought to you by our friends at Sprocket Sports.  Sprocket Sports is a software platform for youth sports clubs.  Yeah, there are a lot of these systems out there, but Sprocket provides the full enchilada. They give you all the cool front-end stuff to make your club look good– like websites, communication tools and marketing tools – AND all the back-end transactions and services to run your business better so you can focus on what really matters – your players and your teams. Sprocket is built for those clubs looking to thrive, not just survive, in the competitive world of youth sports clubs.  So if you've been looking for a true business partner – not just another app – check them out today at https://sprocketsports.me/CTG. Become a Podcast Champion! This weeks podcast is also sponsored by our Patreon Podcast Champions. Help Support the Podcast and get FREE access to our Premium Membership, with well over $1000 of courses and materials. If you love the podcast, we would love for you to become a Podcast Champion, (https://www.patreon.com/wayofchampions) for as little as a cup of coffee per month (OK, its a Venti Mocha), to help us up the ante and provide even better interviews, better sound, and an overall enhanced experience. Plus, as a $10 per month Podcast Super-Champion, you will be granted a Premium Changing the Game Project Membership, where you will have access to every course, interview and blog post we have created organized by topic from coaches to parents to athletes. Thank you for all your support these past eight years, and a special big thank you to all of you who become part of our inner circle, our patrons, who will enable us to take our podcast to the next level. https://www.patreon.com/wayofchampions

Form Energy, which makes iron-based batteries to hold electricity for days, said it raised $750 million to expand production. That follows a $550 million raise by rival Antora Energy to accelerate production of its thermal batteries made from carbon blocks that also hold power for at least 100 hours. Unsurprisingly, data center power demand underpins the investment spike. Form, which began shipping its iron-air batteries this year built at its Weirton, West Virginia, plant, said the latest round, led by T. Rowe Price, boosts its total funding to $2 billion. The company didn't immediately provide a valuation figure with the latest funds, though Pitchbook estimates the deal values the Somerville, Massachusetts-based company at $4.3 billion. Sunnyvale, California-based Antora has raised $1 billion as of July 31 and is seeking a second plant beyond its current factory in Silicon Valley.  Both companies are focused on making batteries out of cheap, domestically available materials that can store power at much lower cost than shorter-term lithium-based battery chemistries, and that also have little to no risk of catching on fire. The technology is also ideal when paired with large-scale solar or wind farms, ensuring a steady supply of cheap, carbon-free energy. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Greatness Machine, Darius Mirshahzadeh sits down with Sébastien Page, Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price, award-winning investment researcher, and author of “The Psychology of Leadership,” for a wide-ranging conversation on what it truly takes to lead at the highest levels. Sébastien shares his remarkable origin story, crossing the Canadian border in a red Jetta with little more than a computer and a bag of clothes to chase his dream of working in financial markets.  From there, the conversation dives deep into the psychology behind elite performance, covering mastery vs. ego mindsets, goal-induced blindness, positive psychology, stress management, and the foundational role of relationships in both leadership and life. The episode is equal parts practical framework and personal reflection, offering leaders at every level a roadmap for managing themselves before they can effectively manage others. In this episode, Darius and Sébastien will discuss: (02:16) From Quebec to Managing Trillions: Sébastien's Journey (06:32) Mastery vs. Ego: A Better Way to Lead (13:36) Why Great Leaders Separate Luck from Skill (16:42) How to Turn Stress into Peak Performance (22:16) Why the Basics Beat Endless Optimization (28:29) The Hidden Danger of Goal-Induced Blindness (32:25) The Four Pillars of a Meaningful Career (35:00) Building a Cathedral: Creating Purpose at Work (42:32) Leading Teams Through the Age of AI (48:34) Redefining Success Beyond Money and Status (54:53) The Greatest Barrier to Success Is a Lack of Resilience Sébastien Page is the Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price, where he oversees more than $500 billion in assets under management. A recognized investment leader and award-winning researcher, he has authored multiple books on finance and leadership, including “The Psychology of Leadership”. Sébastien is a frequent contributor to CNBC and Bloomberg TV and has been featured in The New York Times, The Wall Street Journal, and Barron's. Connect with Sébastien: LinkedIn: https://www.linkedin.com/in/sebastien-page Instagram: https://www.instagram.com/sebastienpagebook/ Book: https://www.psychologyofleadership.net/  Connect with Darius: Website: https://therealdarius.com/ Linkedin: https://www.linkedin.com/in/dariusmirshahzadeh/ Instagram: https://www.instagram.com/imthedarius/ YouTube: https://www.youtube.com/@Thegreatnessmachine  Book: The Core Value Equation https://www.amazon.com/Core-Value-Equation-Framework-Limitless/dp/1544506708 Write a review for The Greatness Machine using this link: https://ratethispodcast.com/spreadinggreatness. 

Semantic layers and ontologies have moved from nice-to-have data modeling tools to the foundational engine required for enterprise AI. In this episode, Raman Tallamraju, Senior Director and Head of Enterprise Data Architecture and Engineering at Vanguard, breaks down how Vanguard is architecting its AI semantic layer to turn scattered institutional knowledge into reliable, agent-ready context. He shares why autonomous agents expose decades of hidden data debt, how to bridge domain-specific definitions like clients versus prospects, and how to balance building a unified semantic layer with a pragmatic, federated data operating model. Key Moments: Why Data Is Your Differentiator (02:36): Across four asset managers, Raman shares the one lesson that holds: data is the real differentiator in an AI-first world. Why Semantic Layers and Ontologies Are a Priority (14:12): Autonomous agents remove the human workaround, exposing years of technical debt in data modeling that tribal knowledge used to hide. Why Context Makes or Breaks Your AI Agents (19:18): Context is everything. Agents act confidently on wrong answers when terms like client, prospect, and lead go undefined. Launching an AI-Ready Data Program: Where to Start (24:54): Raman advises starting with a real business use case tied to points of economic leverage, rather than trying to boil the ocean. Why You Need a Federated Data Model (36:51): Raman explains why a single central platform isn't practical at a global firm, and the four levers he uses to earn real business ownership of data. Key Quotes: “If we're going to go in an AI-first world and everybody has access to the same frontier models… well, what is going to be differentiated about you? Data will be your differentiator, and the companies that bring the best data game are going to have enduring advantages over those that don't.” - Raman Tallamraju “You want your data to be well-defined. You want your data to be trusted. You want your data to be well-connected. You want your data to be contextualized. You want your data to be consumed in a multimodal way, and you want it to be ready for humans and machines at scale.” - Raman Tallamraju “If you're going to start with tech and you're going to go towards the shiny toys, those are good, but without the data foundations, they're going to sit in the garage. So I started calling it the Ferraris in the garage problem. Unless you get the data strategy running ahead, these Ferraris are going to run out of gas.” - Raman Tallamraju Mentions: The Innovator's Dilemma by Clay Christensen 57% of enterprises traced a wrong AI answer to missing business context — Credible bets portable, open-source semantic code beats proprietary metadata Guest Bio: Raman Tallamraju has twenty years leading enterprise technology and data strategy across four of the world's largest asset managers — Vanguard, T. Rowe Price, Capital Group, and Fidelity. Appointed Officer and Group Vice President at T. Rowe Price, where Raman built and led a 300-person global technology organization responsible for the firm's enterprise architecture and digital transformation. Wharton CTO Program, 2024. Raman has operated across the full investment value chain — research and trading platforms, client experience, distribution technology, and enterprise data infrastructure — with portfolio accountability exceeding $100M. Raman's career has been defined by taking on complex, high-stakes technology transformations and delivering measurable business outcomes: modernizing legacy estates, building scalable platforms, and creating the organizational structures that sustain them. Hear more from Cindi Howson here. Sponsored by ThoughtSpot.

Welcome back to the Alt Goes Mainstream podcast.We were live from AGM's RIA Field Trip at Franklin Templeton's New York office in Madison Square Park with Franklin Templeton's Head of Private Markets - Americas Wealth Management Dave Donahoo to discuss the nuances of serving the wealth channel.Dave brings the perspective of someone who has seen the wealth channel handle multiple market cycles and an understanding of both traditional and alternative asset management, while always keeping the outcome for the end investor in mind.Dave started his career in the depths of the 2008 financial crisis at T. Rowe Price, where he worked with individual investors. He rose up the ranks of T. Rowe Price and then joined Blackstone as a Principal in the firm's Private Wealth Solutions business before moving to Franklin Templeton as Head of Private Markets - Americas Wealth Management.Unpacking nuances in private markets, Dave discussed why he believes a “family of specialists” with a “narrow scope” is critical for a private markets investment platform and how a traditional asset manager can approach building brand in private markets. We had a fascinating discussion, covering:How Dave's background starting his career working with individual investors has informed how he approaches creating solutions for the wealth channel.Why LPs want to do more with fewer partners and what this means for GPs.Specialists vs. generalists.Why RIAs have “cold call fatigue.”What RIAs want from a product perspective and why differentiation, trust, and proactive client service are top of the list.How asset managers can approach brand-building.The product innovation roadmap and what the path to 401(k) and DC products might look like.Thanks, Dave, for sharing a fascinating window into the wealth channel and for your passion, expertise, and dedication to providing private markets solutions to the wealth channel.Show Notes00:04 Live from Franklin Templeton RIA Field Trip00:07 Meet Dave Donahoo02:31 Lehman Day One Story03:15 Thrown Into the Phone Queues03:37 Teacher Call and Investor Fear04:53 Start With the End Client05:26 From T Rowe to Blackstone05:53 Blackstone Wealth Playbook07:18 Why Franklin Was the Fit08:09 Traditional Manager Advantages09:09 Platform Synergies in Wealth10:16 Challenges of Going Private10:36 Brand Transformation Story11:44 Internal Alignment and Change12:16 What the Brand Should Signal12:50 Specialist Managers Philosophy13:44 Building Perpetuals the Right Way14:13 Defining the Right Structure15:44 Evergreen Structure Depends16:09 Secondaries Structure Choice18:10 Infrastructure Partnership Model20:02 Preserving Investment Cultures21:50 Data and AI Cross Collaboration24:17 Macro Insights Across Platforms25:47 Product Innovation Roadmap27:06 Private Markets in 401k Plans27:53 What Model Portfolios Mean29:06 What RIAs Want Most30:21 Client Service and HonestyA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Editing and post-production work for this episode was provided by The Podcast Consultant.

T. Rowe Price technology portfolio manager Dom Rizzo joins Jack Forehand and Kai Wu to break down the AI investment cycle, hyperscaler capital spending, semiconductor demand, and why the recent tech selloff may look more like 1998 than the end of the boom. They discuss AI return on investment, OpenAI and Anthropic, open versus closed models, financing the data center buildout, the future of software, labor productivity, and how to construct a global technology portfolio.Topics coveredWhy Dom sees similarities between the 2026 semiconductor correction and the 1998 selloffWhy hyperscaler AI CapEx could accelerate from already historic levelsWhat cloud revenue growth and operating margins say about AI return on invested capitalWhy end-user productivity is the key test for sustainable AI demandOpen-weight models versus frontier labs and where AI economic value may accrueWhy chips, memory, logic semiconductors, TSMC and ASML sit at critical points in the AI value chainHow equity, debt and operating cash flow could finance the next stage of the data center buildoutWhy semiconductors remain cyclical even in a structurally capital-intensive AI boomWhy AI agents could turn traditional enterprise software into data pipesAI productivity, labor displacement and the case for faster GDP growthHow Dom thinks about technology portfolio construction, risk factors and global stock selectionTimestamps00:00 AI, the tech correction and the 1998 comparison04:07 Why the AI capital spending cycle may only be halfway12:33 The real test for AI demand: end-user ROI17:00 Why frontier models may capture most of the economic value21:23 Where the biggest AI moats and profit pools could emerge28:12 Financing the AI buildout with equity and debt36:03 Are semiconductors in a supercycle or still cyclical?41:43 What AI agents mean for traditional software companies46:03 AI productivity versus labor displacement51:01 Building a portfolio for a technology revolution56:06 Global tech opportunities and Dom's stock-picking frameworkLearn more about the Excess Returns podcast network:https://excessreturns.coNo information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms or their clients.

Big Tech is spending at a scale we've never seen before to build the infrastructure behind AI, but investors are still trying to answer the trillion-dollar question: will the returns justify it? Alec is joined by T. Rowe Price portfolio specialist Sam Ruiz to unpack what earnings season has revealed, where the AI bottlenecks are shifting, and why the hardware supplying the boom may be an easier question to answer than picking the eventual AI winners.In this episode:00:00 Is the AI Boom Sustainable?03:52 Big Tech's Trillion-Dollar AI Bet06:58 AI Revenue Is Surging09:17 Who's Funding the AI Boom?12:19 The World Needs More Compute15:55 Why AI Stocks Swing Wildly20:01 Can AI Earnings Last?24:37 China's AI Threat29:36 AI's Battle for Your Ecosystem33:10 Did Apple Miss AI?37:40 Best Ways to Invest42:35 Protecting Against an AI BustETFs and stocks mentioned: Alphabet (GOOGL / GOOG), Microsoft (MSFT), Amazon (AMZN), Apple (AAPL), Meta (META), Oracle (ORCL), Nvidia (NVDA), AMD (AMD), Intel (INTC), SK Hynix (000660.KS), Samsung (005930.KS), Vertiv (VRT), Siemens (SIE / SIEGY), Caterpillar (CAT), Palantir (PLTR).———Want to get involved in the podcast? Record a voice note or send us a messageAnd come and join the conversation in the Equity Mates Facebook Discussion Group.———Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we've got you covered.Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)We're particularly excited to share our latest show: Basis PointsListen to the podcast (Apple | Spotify)Watch on YouTubeRead the monthly email———Looking for some of our favourite research tools?Download our free Basics of ETF handbookOr our free 4-step stock checklistFind company information on TIKRResearch reports from Good ResearchTrack your portfolio with Sharesight———This podcast is intended for education and entertainment purposes only. Any advice is general advice and has not taken into account your personal financial circumstances. Before acting on general advice, you should consider if it is relevant to your needs. If unsure, speak to a financial professional. The host of this podcast and their guests may have positions in the companies mentioned. Equity Mates Media is part of the Betashares Group but maintains editorial independence and operates under Australian Financial Services licence 540697. Hosted on Acast. See acast.com/privacy for more information.

Welcome back to the Alt Goes Mainstream podcast.We sat down with Kyle Kniffen, Managing Director, Global Head of Alternatives, Third Party Wealth at Goldman Sachs. We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.A little over two years ago, I wrote on AGM about how, at $456B in AUM in alternatives, Goldman Sachs was a “sleeping giant” in private markets. In reality, Goldman is anything but a sleeping giant in private markets, having started its private equity business in 1984 and earning the distinction of being a top-5 alternatives manager by AUM across both traditional and alternative asset managers.Today, Goldman has grown its alternatives business to over $625B in AUM.The firm has expanded its platform with the acquisition of Industry Ventures and a partnership with T. Rowe Price to deliver public and private markets solutions to the wealth channel, and, most recently, the creation of its Alternative Investment Platform to provide HNW clients with direct access to private companies.The evolution of Goldman's Alternatives business reflects a thoughtful, measured approach to understanding the needs of wealth channel investors and finding the utility and purpose of strategy, product, and product structure.That was much of the focus of the conversation Kyle and I had in Berlin. We discussed the objective and utility of private markets in a portfolio. We covered:The growth of evergreen funds.Why evergreens are the product structure of choice.Why are evergreens also appealing to institutional allocators, insurance companies, and UHNW investors?How GPs and LPs are approaching LP composition to evergreen vehicles.The next wave of product innovation.The build, buy, partner framework Why Goldman is so excited about the GeoWealth partnership and what the future of model portfolios look like.What is not known but should be known about the Goldman Alternatives franchise.BioKyle Kniffen is a managing director in the Client Solutions Group within Goldman Sachs Asset Management. He serves as global head of Alternatives for Third Party Wealth (TPW), overseeing client strategy for the firm's TPW clients globally, delivering the power of the Alternatives investing platform to a broad set of individual investors through our partnerships with financial intermediary clients and their advisors, including Private Banks, Broker-Dealers, RIAs and other distribution platforms. Kyle partners closely with leadership across our Alternatives franchise to develop products that meet our clients' evolving needs. He is also co-chair of the AWM Global Distribution Working Group.Prior to this role, Kyle was in Alternative Capital Markets (ACM), serving as head of ACM for Goldman Sachs Ayco and leading coverage for One Goldman Sachs financial sponsors globally. He joined Goldman Sachs in 2018 as a vice president in ACM and was named managing director in 2021.Prior to joining Goldman Sachs, Kyle led a variety of distribution and product management teams for Bank of America's Alternative Investment Group within their Global Wealth and Investment Management division.Kyle is a board member for the Institute of Portfolio Alternatives (IPA), and a member of The Economic Club of New York. Kyle earned a BA from Gettysburg College.Thanks, Kyle, for sharing your wisdom, expertise, and passion about private markets and serving the wealth channel.Show Notes00:00 AGM Live from SuperReturn Berlin00:22 Meet Kyle Kniffin01:10 Wealth Meets Private Markets01:37 Big Pools Little Allocation02:24 Alt Strategies Explosion03:04 Lessons from Hedge Funds03:34 Start with Client Goals03:53 Risk Liquidity Tradeoffs04:10 Portfolio Utility First04:25 Holistic Private Markets04:44 Fit and Terms Matter05:07 Setting Expectations05:32 Product Innovation Shift05:52 Evergreens and Flexibility06:10 Monthly Access and Tactics06:39 Evergreen Growth Rates06:45 Education and Dispersion07:15 Why Evergreens Exist07:41 Diversification Lower Minimums08:04 Operational Simplicity08:21 Evergreen Nuance Phase One08:47 Goldman in Third Party Wealth09:26 Institutions Buying Evergreens10:31 LP Mix and Liquidity Caps11:36 Institutionalizing Wealth Platforms13:29 Goldman Platform Advantage14:46 Feeding the Evergreen Engine15:13 GeoWealth and Model Portfolios15:45 T Rowe Price Collaboration16:12 Build vs Buy Partner Balance16:42 Industry Ventures Acquisition17:33 Goldman Alts Heritage18:35 Pioneering GP Stakes19:45 Secondaries Since 199820:12 Apex of Private Markets21:08 Will Secondaries Be Core21:48 Max Flexibility for Wealth22:42 Customization vs Scale23:16 Flagships Then Bespoke23:49 Lessons from Private Wealth25:10 Broader Menu of Privates25:34 Closing Thoughts 

Blue Macellari discusses T. Rowe Price's new actively managed crypto ETF, TKNZ, and why the firm sees opportunities beyond Bitcoin in today's market. She explains the fund's focus on SEC-compliant tokens, active management, and the outlook for institutional crypto adoption.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Sebastien Page, Head of Global Investments and CIO at T. Rowe Price, explains why he remains modestly overweight stocks. Frank Lee, Global Head of Tech Hardware and Semiconductor Research at HSBC, breaks down another wild week for semiconductors. Plus, why rising oil prices could become the biggest threat to the market: Warren Pies of 3Fourteen Research explains. Eric Johnston, Chief Equity and Macro Strategist at Cantor, argues the momentum unwind in semiconductors is ending and explains why strong fundamentals and improving earnings estimates support staying with the trade through earnings season. Craig Moffett of MoffettNathanson analyzes the outlook for telecom stocks as investors reassess defensive sectors. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jesse Pollak, de man achter Base, noemt zijn eigen socialestrategie een mislukking. De Base App had moeten uitgroeien tot een allesomvattende cryptoapp, een gedecentraliseerd sociaal netwerk waarin gebruikers zelf eigenaar zijn van hun profiel en connecties in plaats van een centrale partij als Facebook of X. In een lang bericht op X schreef Pollak vorige week dat hij het definitief mis had. Waar ontwikkelaars met producten als stablecoins en voorspellingsmarkten wel groei realiseerden, kwamen de sociale toepassingen niet van de grond. Pollak geeft de leiding over de app terug aan moederbedrijf Coinbase, waar Jordan Fish, in cryptokringen bekend als Cobie, het overneemt. Zelf richt hij zich voortaan volledig op Base, het tweedelaagsnetwerk op ethereum dat transacties sneller en goedkoper wil afwikkelen. Blijft de vraag of dit soort socialecryptoprojecten ooit een kans van slagen hadden. Van een mislukking naar een primeur. Vermogensbeheerder T. Rowe Price, met 1,9 biljoen dollar onder beheer, bracht deze week het eerste actief beheerde multitoken cryptofonds op de Amerikaanse beurs. Zo'n exchange traded fund, kortweg etf, is een beursgenoteerd mandje beleggingen dat je in een keer koopt. Waar de bestaande bitcoin en ethereum etf's een vaste index volgen, mogen de beheerders van dit fonds de samenstelling zelf aanpassen aan de markt. In het mandje zitten onder meer bitcoin, ethereum, BNB, solana, XRP en Hyperliquid. Je betaalt er voorlopig 0,75 procent beheervergoeding voor, een tarief dat vanaf mei 2027 oploopt naar 0,9 procent. De vraag is voor wie zo'n actief beheerd fonds geschikt is, en of die afdracht opweegt tegen een goedkopere indexvariant. Tot slot een waarschuwing uit Frankfurt. De Europese Centrale Bank vreest dat de opkomst van stablecoins, cryptomunten die een op een gekoppeld zijn aan een gewone munt als de dollar, spaargeld kan wegtrekken bij traditionele banken. Bestuurslid Piero Cipollone van de ECB hield Europese banken voor dat ze met mobiele betaalapps al kosten en klantdata verliezen, en dat daar met stablecoins ook nog eens hun deposito's bij kunnen komen. Voor banken is dat geen boekhoudkundig detail, want juist met die deposito's verstrekken ze leningen. Cipollone noemt de digitale euro de enige structurele oplossing, al levert die geen rente op je spaargeld op. Dat een bestuurder van de ECB waarschuwt voor stablecoins en tegelijk het eigen alternatief aanprijst, roept de vraag op hoe zwaar die waarschuwing weegt. In de Verenigde Staten moet de GENIUS Act, precies een jaar geleden ondertekend, een vergelijkbaar risico juist indammen. Co-host is Jacob Boersma. Over de podcast Cryptocurrency are here to stay. In deze wekelijkse podcast gidst Daniël Mol je door het belangrijkste cryptonieuws, langs hypes en trends, voor- en tegenstanders en winst en verlies. In het A-deel bespreken we het laatste nieuws en in het B-deel gaan we in gesprek met een gast. Van cypherpunkpioneers tot grootbanken die aan de haal gaan met stablecoins, van Bitcoin tot Ethereum tot CBDC's. Alles passeert de revue.Reageren? Stuur dan een mail naar cryptocast@bnr.nl Gasten Jacob Boersma is onafhankelijk payments expert. Links Bericht van Jesse Pollak op X over het stopzetten van de socialestrategie CoinDesk over het terugtreden van Pollak bij de Base App T. Rowe Price lanceert het eerste actief beheerde multitoken cryptofonds De officiële pagina van de Active Crypto ETF van T. Rowe Price Decrypt over de ECB die vreest dat stablecoins bankdeposito's wegtrekken Newsbit over de waarschuwing van de ECB rond stablecoins en spaargeld Host Daniël Mol is presentator en redacteur van de Cryptocast. Hij is sinds 2017 met Bitcoin bezig en kwam in 2021 bij het team van de Cryptocast. Redactie Daniël Mol Donner Bakker See omnystudio.com/listener for privacy information.

How do top leaders excel under pressure and what can AI teach us about leadership? Discover the unexpected link between high-stakes decision-making and the psychology that drives both great athletes and executives. Join host, Adam Contos as he welcomes Sébastien Page, the head of Global Multi-asset Division and Chief Investment Officer at T. Rowe Price, overseeing over $500 billion in assets. Sébastien, with decades of leadership experience and a deep dive into positive sports and personality psychology, shares insights from his award-winning research and book, 'The Psychology of Leadership.' You'll learn why leading yourself is the first step to leading others, how stress can be your ally, and the counterintuitive power of admitting 'I don't know', in this powerful episode of Start With a Win.Sébastien Page is Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price, where he oversees more than $500 billion in assets under management. With more than two decades of leadership experience, he is also a recognized researcher in psychology and investing.A two-time author and six-time award-winning researcher, Sébastien is a frequent guest on CNBC and Bloomberg TV and was named a LinkedIn Top Voice in Finance in 2022. His latest book, The Psychology of Leadership, was released in 2025.He lives in Maryland with his wife and children and enjoys exploring the intersection of leadership, psychology, and investing.00:00 Intro02:24 Lead yourself, what?05:05 HR is not what you think it is!09:20 What makes people thrive?13:20 Best people/leaders know this! 16:05 Part of leadership is this… 18:35 Leaders, TRY THIS.21:20 What are we missing to get the team to perform their best?26:17 Listen for 2 mins and then rewind, this is not in his book! 29:09 It may be this, but it still works…    https://www.psychologyofleadership.net/https://www.instagram.com/sebastienpagebook?igsh=MWk2cWV2c2JmNGhiNA%3D%3Dhttps://www.linkedin.com/in/sebastien-page/ ===========================Subscribe and Listen to the Start With a Win Podcast HERE:

For decades, Pete Colhoun brought Wall Street to Main Street as a panelist on Wall Street Week with Louis Rukeyser, helping millions of Americans understand investing and the economy. With an MBA from Harvard and experience in senior management at T. Rowe Price and as a general partner at Emerging Growth Partners, he's spent a career making financial markets accessible to everyday investors. In this session, Pete will share lessons from his years helping democratize investment information, what he's learned about long-term investing through decades of market cycles, and why financial education matters for building wealth. He'll discuss his philanthropic work and what inspired his passion for ensuring everyone has access to quality financial knowledge—not just the wealthy. Perfect for teachers looking to connect students with the real-world perspective of someone who's lived through market history and believes everyone deserves to understand how money works.

This is the third of four episodes we did in partnership with Finance Montreal, recording panelists at their Sustainable Finance Summit.In this episode, Matthew Lawton, Head of Impact Fixed Income at T. Rowe Price, discusses what makes a blue economy bond credible and impactful, from the alignment of the issuer to the credibility of the proceeds. He explores why emerging markets are leading the global north on blue finance, where the biggest growth is likely to come from - desalination, sustainable shipping and clean drinking water - and how anchoring smaller deals can crowd in capital and scale the market.You'll also hear from Rik Logtenberg, director of CanAdapt and a city councilmember of Nelson City, on what repeated climate disasters do to a community and why you can't simply build back the same. He also discusses the coordination problem at the heart of adaptation - the workforce, materials, funding and policy that all have to come together at once - and why municipalities carry the responsibility for resilience without the authority to deliver it.Enjoy!!Host: Mike Disabato, MSCI Sustainability & ClimateGuests: Matthew Lawton, T. Rowe Price; Rik Logtenberg, CanAdaptEpisode ReadingT. Rowe Price: The Blue EconomyClimate Risk Institute

In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über eine neue Tonlage bei VW, die Folgen der Gesundheitsreform und was sonst noch wichtig wird in dieser Woche. Außerdem geht es um EasyJet, Apollo Global, IAG, Air France-KLM, Brink's, NCR Atleos, T. Rowe Price, Aurora Innovation, FedEx, Volvo, Ascendis Pharma, MoonLake Immunotherapeutics, Dyne Therapeutics, Vaxcyte, Cytokinetics, CG Oncology, Denali Therapeutics, AbbVie, Apogee Therapeutics, Bending Spoons, Mattel, Scotts Miracle-Gro, Goldman Sachs, Bank of America, JPMorgan, Citigroup, Wells Fargo, Morgan Stanley, BlackRock, ASML, TSMC, Netflix, ABB, Abbott, GE Aerospace, Intuitive Surgical, UnitedHealth, Alcoa, United Airlines, BHP, Fraport, Fastenal, Altria, Nvidia, Coca-Cola, Apple, Microsoft, Alphabet, Amazon, Broadcom, Vulcan Materials, Kansas City Southern, IBM, General Dynamics, Hershey, Tootsie Roll, Axon, Tesla, SPDR MSCI ACWI IMI (WKN: A1JJTD), iShares Edge MSCI World Momentum Factor ETF (WKN: A12ATF). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Anzeige: Diese Folge enthält Werbung für Smartbroker+. Depot eröffnen, 30 € ETF als Bonus sichern und aus tausenden ETFs wählen. Smartbroker+ macht Investieren einfach. Alle Informationen gibt es unter: https://get.smartbrokerplus.de/triple-aaa-podcast2/ Anzeige: Eight Sleep: Der Pod 5 reguliert die Temperatur im Bett automatisch, trackt Schlaf- und Gesundheitswerte ohne Wearable und kann so zu besserem Schlaf beitragen. Mit dem Code ALLESAUFAKTIEN erhaltet ihr auf https://www.eightsleep.com/allesaufaktien bis zu 350 Euro Rabatt. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Leadership is one of those things people think is about working harder, pushing further, and doing more, but often the greatest breakthroughs come from understanding yourself first.In this episode of Uncomplicate It, I sit down with Sebastien Page, Chief Investment Officer at T. Rowe Price and author of The Psychology of Leadership, to explore how sports psychology can help leaders perform at a high level without sacrificing their health, relationships, or long-term success.Drawing from decades in investment management and lessons from elite athletes, Sebastien shares why leadership isn't just about hitting KPIs or chasing outcomes. It's about mastering the process, managing your mindset, and creating the conditions for sustained performance.His message is simple but powerful: the best leaders don't obsess over winning they focus on getting better.We talk about why so many high achievers burn out, how ego can quietly derail leadership, and why psychology is one of the most underrated tools for building stronger teams and better businesses.We also get into the realities of leadership today, from stress and decision-making to team dynamics, goal setting, and the habits that separate great leaders from everyone else.We cover:The difference between ego and masteryWhy high performers experience goal-induced blindnessHow sports psychology applies to business leadershipThe science behind stress and peak performanceWhy listening is a leader's greatest skillHow to build stronger teams with introverts and extrovertsThe concept of Return on Time Spent (ROTS)Practical ways to avoid burnout while staying ambitiousWhy process goals matter more than outcome goalsThe psychology behind sustainable leadershipTakeaways:Leadership starts with self-awarenessMastery creates longer-lasting success than egoGreat leaders listen more than they speakBurnout is often a sign of misaligned prioritiesProcess drives performanceTeams perform better when every voice is heardTime is your most valuable resourceSustainable success requires intentional habitsIf you've ever felt like success requires constantly pushing harder, this conversation will challenge how you think about leadership, performance, and what it really takes to thrive over the long term.Connect with Sebastien:

Welcome back to the Alt Goes Mainstream podcast.We were live from iCapital Connect's conference in Phoenix, where we sat down with some of the industry's leaders across asset management and wealth management.Eric Muller is Portfolio Manager & Partner, CEO - BDCs for Oak Hill Advisors (OHA). Oak Hill, which was acquired by T. Rowe Price in December 2021, has $112B AUM across performing and distressed credit-related investments in North America, Europe and other geographies.Eric shares responsibility for leading OHA's private credit business and has primary management responsibility for OHA's BDCs. Prior to joining OHA in 2018, Mr. Muller worked in Goldman Sachs' Merchant Banking Division, where he was a Partner in the Private Credit Group, responsible for leading its private senior lending business in North America and managing vehicles that invested across the spectrum of the credit market. With credit on the minds of many, Eric provided a nuanced perspective on the current state of the credit markets and where to uncover both opportunity and risk in the market.Eric and I had a fascinating conversation about the current state of private credit. We discussed:How his experience in private equity has informed how he approaches credit investing.What are the risk / reward trade-offs in private credit?Why credit investors need to be pessimists.How LPs should evaluate private credit firms and why the ability to do workouts matters.How do private equity sponsors pick their credit partners?Why private credit firms might have higher recovery rates than liquid credit markets.How OHA's combination with T. Rowe Price has helped the firm productize for the wealth channel.What are misconceptions about private credit risk and liquidity?Where are the opportunities in liquid credit versus illiquid credit?Thanks, Eric, for sharing your wisdom, expertise, and passion for private credit and private markets.Show Notes00:00 Relative Value Lens00:11 A Message from Ultimus Fund Solutions01:08 Live at iCapital Connect01:46 Early Career at Goldman01:59 Mezzanine Fund Era02:23 GFC Timing Advantage02:51 Running Private Credit03:03 Joining Oak Hill04:15 PE Lessons for Credit04:30 Different Investor Questions04:56 Credit Risk Reward Mindset05:45 Optimistic Pessimist06:16 Downside With Right Tail06:47 Workouts and Distressed Skills08:02 Private vs Liquid Recoveries08:19 Aligned Lenders in Private08:54 Sponsor Relationships Matter09:22 Choosing the Right Partners10:46 Volatility Reveals Behavior11:22 Is Capital Commodity12:39 OHA Distressed DNA13:31 Crossroads of Markets14:26 Challenges of Unconstrained15:22 Risk Spectrum for LPs16:19 T Rowe Deal Rationale17:18 Democratizing Alts Access19:10 One Ticker Multi Strategy20:28 Liquidity Wrappers Tradeoffs21:49 Quasi Liquid Reality Check22:35 Liquid vs Illiquid Risk23:27 Diligence Questions for LPs24:33 Origination Edge and Speed26:19 Public-Private Financing Choice26:55 Alts in Target Date Funds28:41 Private Credit Misconceptions30:30 Closing ThoughtsA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.DisclosuresThe views expressed are the interviewee's, are subject to change without notice, and may differ from those of other T. Rowe Price associates.  Information and opinions are derived from proprietary and nonproprietary sources deemed to be reliable; the accuracy of those sources is not guaranteed. This material does not constitute a distribution, offer, invitation, recommendation, or solicitation to sell or buy any securities.  It does not constitute investment advice and should not be relied upon as such.  Investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.Some or all alternative investments may not be suitable for certain investors. Alternative investments are typically speculative and involve a substantial degree of risk. Each fund and account may be leveraged and engage in other speculative practices that may increase the risk of investment loss. Investors must realize that they could lose all or a substantial amount of their investment. In addition, the fees and expenses charged may be higher than the fees and expenses of other investment alternatives, which will reduce profits. T. Rowe Price has $1.7T total assets under management and OHA has $112B assets under management as of March 31, 2026.In the United States, securities are offered through T. Rowe Price Investment Services, Inc., a broker dealer, registered with the U.S. Securities and Exchange Commission and a member of FINRA. Securities are offered through T. Rowe Price Investment Services, Inc., and advisory services are offered by Oak Hill Advisors, L.P. OHA is a T. Rowe Price company. T. Rowe Price Investment Services, Inc. and Oak Hill Advisors, L.P. are affiliated. 5629822

Fritz Folts, chief investment strategist at 3EDGE Asset Management, says he has pulled back slightly on equity exposure but gone deeper into a diversified approach because the market has been crazy, driven by investors' fear of missing out, sky-high expectations and more, to the point where the key is to participate and not be wrong because you are taking chances on what amounts to a wild guess. If Folts had to guess, he'd expect the stock market to have a bumpy ride in the second half of the year, finishing roughly flat from current levels. Michael Monaghan, founder and portfolio manager of the Founder ETFs makes his debut in the Market Call, talking about his firm's methodology, which focuses on companies where the original founder remains in the driver seat. Research shows that founder-led companies tend to outperform for several reasons, notably that the entrepreneurs behind them have a long-term vision and are not swayed by short-term market noise or pressured to produce a quarterly profit. Monaghan, who runs the Founders 100 ETF, discusses how founder-CEOs influence giants like Nvidia and Meta Platforms and how a portfolio of these stocks can expect more stable long-term performance.  In the ETF of the Week segment, Todd Rosenbluth, head of research at VettaFi, focuses on a value fund from T. Rowe Price that just hit its third anniversary, gaining roughly 30 percent over the last 12 months

VettaFi's Head of Research Todd Rosenbluth discussed the T. Rowe Price Value ETF (TVAL) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” 

One in every five American adults is a customer. The company generates more than $32 billion in annual revenue. And the $17 trillion in customer accounts and investment funds it manages exceeds the combined gross domestic products of Germany, Japan, and India. Yet despite Fidelity Investments' enormous influence, relatively little has been known about the singular family behind the Boston-based multinational financial services giant. In his new book, House of Fidelity, Justin Baer, deputy markets editor with The Wall Street Journal, reveals the dramatic three-generation saga of the fiercely private Johnson family and how they helped transform American investing. This week, Baer shares the behind-the-scenes story of Fidelity's success and the universal lessons Fidelity's rise offers in leadership, marketing, innovation, and succession planning. Monday Morning Radio is hosted by the father-son duo of Dean and Maxwell Rotbart. Photo: Justin Baer, The Wall Street Journal Posted: June 1, 2026 Monday Morning Run Time: 1 Hour 3 Minutes Episode: 14.48 RELATED EPISODES: T. Rowe Price's Sébastien Page Shares 18 Groundbreaking Leadership Principles If You Had a Chance to Visit With the Late Charlie Munger, What Would You Ask Him? Your Savings and Investments: A Conversation with 'America's Money Answers Man'  

Alex Thorn talks with Blue Macellari, Head of Digital Asset Strategy at T. Rowe Price, about the $1.83 trillion asset manager's efforts in crypto, including their forthcoming T. Rowe Price Active Crypto ETF planned to list on NYSE Arca under the ticker TKNZ. Alex and Blue discuss the maturation of crypto and the future of institutional adoption. Keep in touch: ▸ Follow us on Twitter: https://x.com/galaxyhq & https://x.com/glxyresearch ▸ Read our research at https://www.galaxy.com/research ▸ Subscribe to receive Galaxy Research's weekly newsletter: https://www.galaxy.com/subscribe-to-r... This video, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at https://www.galaxy.com/galaxy-digital... This episode was recorded on Wednesday, May 6, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

Carl Quintanilla, Leslie Picker, and Michael Santoli kicked off the hour with fresh consumer data and Fed commentary - before breaking down the broader market outlook with MetLife's Chief Market Strategist. Plus: the tech stocks worth taking a look at here - with T. Rowe Price's Dominic Rizzo, and a discussion of why SpaceX should be seen as more than just a rocket company (according to an early investor in the firm).    Elsewhere this hour: all eyes on Washington ahead of Kevin Warsh's swearing in ceremony as the next Fed chair... Former Minneapolis Fed President Narayana Kocherlakota joined the team with his take on the action - and what's next.    Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send us feedback or episode suggestions.Software teams are operating in an environment where the job description changes every two months. As agentic AI moves from novelty to real engineering capability, the assumptions that have held enterprise software together — long SaaS contracts, stable teams, predictable agile rhythms — are starting to bend. In this episode of Patterns, Chris Strahl talks with engineering leader Alex Wilson about what it actually takes to bring AI into a large, regulated organization, and how the math behind building, buying, and structuring teams is shifting underneath everyone at once.Drawing on his work leading the design system at T. Rowe Price and driving AI activation across the firm, Alex explains how agentic capabilities are reshaping build-vs-buy, the shape of teams, and how engineering leaders need to show up. The conversation moves from the cultural pressure to be "AI-native" to the practical questions of modular architecture, smaller delivery pods, and why the best leaders are now building alongside their teams.We'll explore:Why "build vs. buy" looks different when agents can build and maintain internal tools, and how that's pushing companies to shorten SaaS contracts and treat vendor software as a stop-gapHow teams are shifting from large pods running classic agile toward smaller groups of "big gear" and "small clockwork" builders with compressed spike-to-ship cyclesWhy modular, replaceable architecture is becoming a strategic requirement as SaaS feels less permanent and internal builds become more viableHow engineering leaders set the tone by adopting AI tools themselves — treating personal experimentation as a path back into the company's roadmapCheck out our upcoming events.If you want to get in touch with the show, ask some questions, or tell us what you think, send us a message over on LinkedIn.GuestAlex Wilson is an engineering leader focused on design systems and AI-enabled product development. He leads Beacon, T. Rowe Price's design system, driving broad adoption across the firm and generating more than $15 million in design and development cost avoidance.He works at the intersection of design, platform architecture, and AI, where he focuses on improving how digital products are built and evolve at enterprise scale. From this perspective, he explores how intelligent systems can enable more adaptive, context-aware experiences while maintaining consistency and design integrity. He also defines technical strategy around agentic workflows that enable teams to build in new ways.Beyond his work at T. Rowe Price, he is an active voice in both the engineering and design communities, speaking at industry conferences, mentoring leaders across disciplines, and contributing to conversations on AI-driven product development, design systems, and the future of software delivery.HostChris Strahl is the host of the Patterns podcast and a pioneer in modern digital product design and development. As the co-founder and CEO of Knapsack, he is a leading voice on how AI can fundamentally reshape the way teams design, build, and deliver digital products with a human-centered approach.SponsorSponsored by Knapsack, the design system platform that brings teams together. Learn more at knapsack.cloud.

In this episode of the Crypto Rundown, Tevo and Brendan break down a pivotal moment in crypto markets as technicals and fundamentals begin to align. They highlight growing real-world adoption from companies like Walmart, Block, and Steak ‘n Shake while institutions like Morgan Stanley and T. Rowe Price continue expanding into crypto. Despite bullish long-term signals, the market sits at a critical inflection point where Bitcoin could break out or face another leg down. They also discuss regulatory delays like the Clarity Act, fading retail interest, and why this quiet phase could be the setup for the next major move.Brendan's 6 Week Technical Analysis Course https://www.cryptorevolution.com/brendan-mbr?utm_content=Rundown&utm_medium=YouTube&utm_source=Internal&utm_term=20251112Our In Person Crypto Wealth Collective https://www.cryptowealthcollective.com/exclusive-invitation?utm_source=Internal&utm_medium=YouTube&utm_content=Rundown&utm_term=2026051Check out Quince: https://quince.com/CRYPTO101Check out Shopify: https://shopify.com/crypto101Check out Mars Men: https://mengotomars.comGet my #1 altcoin pick for this month.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Get immediate access to my entire crypto portfolio.. just $1.00 today! Go here to get access: https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Get your FREE copy of "Crypto Revolution: Your Guide To The Future of Money". In this book, I reveal how to make (and keep) a fortune during this crypto bull run! http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Chapters00:00 Intro03:00 Technical Analysis and Market Trends06:13 Long-term vs Short-term Market Perspectives09:02 Market Reactions and Institutional Involvement12:05 Regulatory Landscape and Future Prospects15:00 Emerging Trends and Community Engagement30:25 Steak and Shake's Bitcoin Initiative34:17 Walmart's Bitcoin Acceptance39:10 Institutional Interest in Bitcoin and Altcoins44:42 The Clarity Act and Regulatory Updates46:52 Crypto Market Sentiment and YouTube Trends50:39 Final Thoughts on Market DynamicsSubscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Mars Men and use my code Mengotomars.com for a great deal: https://mengotomars.com* Check out NPR: https://npr.org* Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com* Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Michael Davis, is Head of Global Retirement Strategy at T. Rowe Price and former Deputy Assistant Secretary at the U.S. Department of Labor (2009–2012),  and will be retiring in May of 2026. He has had a long career in finance interspersed with spells of public service, including in particular a role as Assistant Secretary in the US Department of Labor, from 2009 to 2012. He has a Masters in Public Policy from Harvard and remains committed to the study of global leadership as well as the promotion of opportunity.Our conversation starts with Michael's non-traditional path into finance, and his upbringing in the south. We learn what drew him to finance, and the strong underpinning of service that is a thread throughout.  Michael explains how translating between different worlds shaped his leadership philosophy of dignity, integrity, and learning from ethical leaders and presidential biographies, citing Truman's view that certainty never fully arrives. He outlines T. Rowe Price's differentiated retirement platform- $1.8T managed with about two-thirds retirement-related, active target-date leadership, record-keeping for 2.5M participants, and 1.1M individual investors- and the value of combining stakeholder signals. His core beliefs include integrity, transparency, simple communication, diversification, and a balanced view of active and passive. Looking ahead, he highlights the unresolved challenge of decumulation and delivering trusted advice at scale, arguing defaults beat financial literacy alone, and emphasizing that asset managers ultimately “sell trust.”This podcast is kindly sponsored by Benefit Street Partners and PIMCO. Founded in 2008, Benefit Street Partners – BSP – is Franklin Templeton's specialised private credit manager with $92 billion in assets under management.  The firm provides a wide range of private credit strategies across the US, Europe, Middle East and Asia Pacific, including direct lending, special situations, commercial real estate debt, infrastructure debt, asset backed finance, structured credit and liquid credit.  PIMCO (Pacific Investment Management Company LLC) is a premier global investment management firm founded in 1971, specializing in active fixed-income with over $2 trillion in assets under management. Headquartered in Newport Beach, California, it offers diversified investment solutions across public and private markets, serving institutional and individual investors worldwid

Markets climb back to pre-war levels as tech regains leadership and investors lean back into risk. Tony Wang of T. Rowe Price highlights the return of the tech trade as semis and software push higher. Brent Schutte, CIO at Northwestern Mutual Wealth Management, explains what's driving the broader rebound and whether it can continue. Our Steve Liesman dives into the latest on Kevin Warsh's finances and reacts to new comments from Treasury Secretary Scott Bessent on rates and policy. Alastair Pinder, Head of EM and Global Equity Strategy at HSBC, assesses whether global markets can catch up to the U.S. rally. Guy Adami of “Fast Money” weighs in on whether now is the time to bet on banks as the sector tries to find footing. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode of Excess Returns features Tony Wang of T. Rowe Price discussing how investors can identify “inevitabilities” in technology and position portfolios to benefit from long-term innovation trends. The conversation explores AI, semiconductors, and the evolving investment landscape, while also breaking down Tony's portfolio construction process and how he navigates cycles, valuation, and disruption risk.Tony explains why AI is fundamentally changing the cost of intelligence, how agentic systems could reshape software and labor markets, and why the current AI buildout may differ from past tech cycles. The discussion also dives into where we are in the AI cycle, how to think about the Mag 7, and what investors may be missing across the tech stack.T. Rowe Price Science and Technology Fundhttps://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/science-and-technology-fund.htmlTopics CoveredWhat it means to invest in “inevitabilities” and separating signal from noise in marketsWhy AI and compute demand represent a structural shift similar to past tech wavesThe rise of agentic AI and how it could transform software and productivityWhether AI is underappreciated or already priced into marketsThe “multiple moons” idea and why AI may not be a winner-take-all marketHow AI could reshape the labor market, productivity, and economic growthThe AI CapEx debate and why this cycle may differ from the dot-com buildoutWhere we are in the AI cycle: training vs inferencing and deployment phaseThe impact of AI on software companies and the innovator's dilemmaHow semiconductors, memory, and infrastructure remain key bottlenecksThe changing nature of the Mag 7 and capital intensity in AITony's portfolio construction framework across compounders, emerging tech, and valueHow he generates ideas using S-curve adoption and economic bottlenecksPosition sizing, risk management, and balancing growth with drawdown controlSell discipline: valuation, fundamentals, and market signalsTimestamps00:00 Introduction and Tony Wang overview01:05 Investing in inevitabilities and long-term thinking03:00 Differentiating inevitability from hype and consensus04:45 AI inevitability and the rise of agentic systems07:00 Cost of intelligence and productivity implications08:00 Real-world examples of AI adoption (customer service, agents)09:00 Is AI underappreciated by markets?11:15 AI as a “space race with multiple moons”13:30 AI as the dominant driver of markets today15:00 AI's impact on jobs, productivity, and the economy18:30 Creativity, judgment, and the future of work20:45 Physical AI and robotics opportunity set22:30 AI CapEx debate vs the dot-com era25:30 Semiconductors vs software in the AI stack28:15 AI disruption risk for software companies31:00 Cyclicality in semiconductors and how AI changes it33:30 The evolving role of the Mag 7 in AI36:30 Competition, startups, and AI democratization38:00 Where we are in the AI cycle today40:00 Idea generation and S-curve adoption framework42:30 Case study: memory and AI bottlenecks44:45 Example position: optical networking and infrastructure46:40 Portfolio construction and position sizing49:00 Sell discipline and managing valuation risk

Too many funds and stocks in a portfolio can create clutter and make rebalancing time-consuming. Allocation funds such as balanced funds can make it easier to stay diversified and invested during market volatility. That's because these funds automatically rebalance, moderating big gains and losses. And the funds can provide exposure to more than one security type and market. Russ Kinnel, senior principal of ratings for Morningstar and editor of Morningstar FundInvestor newsletter, discusses his list of the best balanced and allocation funds. Subscribe to Morningstar FundInvestor newsletter. On this episode: 00:00:00 Welcome 00:00:48 Balanced funds and market volatility 00:01:18 Who allocation funds are designed for 00:03:30 Foreign exposure in Vanguard Global Wellesley Income fund 00:04:40 Dividend income focus at Vanguard Global Wellington and American Funds Capital Income Builder funds 00:05:22 Inflation‑protection strategies in Pimco and T. Rowe Price funds 00:07:45 Key takeaways on balanced and allocation funds   Watch more from Morningstar: Why Bond Funds Benefit from Active Management  These Top Tech Stocks Can Stand Up to AI Risks 2 Cautionary Tales from Private Equity and Private Credit Markets   Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bob Diamond, CEO of Atlas Merchant Capital and former Barclays CEO, joins to assess market conditions, policy risk and where investors should be focusing now. The show also explores growing buzz around a potential SpaceX IPO and what a deal of that size could mean for markets and investor demand. Nike remains under pressure. Williams Trading analyst Sam Poser explains why he is sticking with a Buy rating even after lowering his price target and why the turnaround may take longer than expected. On the 50th anniversary of Apple's founding, we look at the next stage of the company's evolution. Sebastien Page, CIO of T. Rowe Price, outlines the broader investment landscape and how portfolios should be positioned. Christopher Verrone of Strategas walks through the technical setup and key levels investors should watch. Our Angelica Peebles reports on the FDA approval of Eli Lilly's daily GLP-1 pill and what it could mean for the weight loss drug market and healthcare stocks. The episode closes with a look ahead at the next catalysts for markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Everything around advisors is moving fast, and Patrik Delaney has spent twenty-five years watching the industry shift under their feet.  In this conversation, he and Rebecca dig into what is driving those changes, why traditional education is no longer enough, and how the most successful advisors are learning to inspire behavior rather than just explain it. Pat breaks down how demographic pressure, AI, and participant expectations are reshaping advisory work. More importantly, he explains why the qualities of great coaches, like curiosity, courage, and compassion, may matter more for advisors going forward than technical skill alone. Listeners can expect insights on: The rise of coaching-based communication in financial advice Why younger investors seek emotional connection as much as expertise How AI may change advisor responsibilities The Grow framework for encouraging real behavior change And more! Resources: The Next Wave of Advice Connect With Patrick Delaney: T. Rowe Price LinkedIn: Patrick Delaney Connect With Rebecca Hourihan:  rebecca@401k-marketing.com  (619) 230 – 5464 401(k) Marketing  LinkedIn: Rebecca Hourihan LinkedIn: 401(k) Marketing Facebook: 401(k) Marketing YouTube: 401(k) Marketing Schedule a meeting with 401(k) Marketing About Our Guest: Patrick Delaney is an insights director within U.S. Intermediaries – Advisor Engagement, the group focused on helping financial professionals understand and adapt to the changing face of wealth in the United States.  Patrick has been with T. Rowe Price since 2000, beginning in Retirement Plan Services. Prior to his current role, Patrick developed and delivered practice management content for financial professionals designed to help them learn, sell, and better serve their corporate retirement plan clients Patrick earned a B.A. in economics from Gettysburg College. He is a Series 7 and 63 registered representative and state-registered broker-dealer.

Consumer staples are in defensive mode and this week's news explains why. We dig into the M&A wave reshaping the food sector: the failed Unilever/Kraft Heinz merger talks, Unilever's potential sale of its food assets to McCormick, and Danone's acquisition of Huel. Is traditional food still a reliable source of growing dividends?Also in the news: the proposed Pernod Ricard/Brown-Forman merger of equals, the Italian antitrust probe into Edenred, and the landmark social media addiction lawsuit finding Meta and Google liable for the negligent design of Instagram and YouTube.Listener Q&A: profits on Shell and BP, buy opportunities in ADP, RELX and Auto Trader, T. Rowe Price outflows, and quick takes on WATSCO, Cairn Homes, Nedap NV, Petrobras, Vale, and Microsoft.

Crypto News: Bitcoin rallies above $74,000 and altcoins prices move upwards. Bitcoin outperforms gold and stocks in global turmoil as ETFs and Strategy accumulate. T. Rowe Price files amendment no. 2 for its Active Crypto ETF, which will track multiple assets including BTC, XRP, ETH and more. Brought to you by

Portfolio spring cleaning time. In Episode 287, we break down exactly how to identify and remove deadwood from your dividend portfolio, the companies quietly dragging you down while you're not looking.We also react to $100 oil, debate whether Shell should stop its buyback programme at the current yields, run through the latest dividend hikes (Hannover Re +39%, Swiss Life, General Dynamics, Realty Income & more), and answer listener questions on LVMH, Legal & General results, Oracle, T. Rowe Price, and non-US monthly dividend payers.

Is it fair that investors earn more than workers? In Episode 286, we tackle a listener comment that sparked a real debate about capitalism, wages, and the power of ownership. We also cover the latest dividend hikes from American Express (+16%), Munich RE (+20%), and the Cheesecake Factory (+11%), share thoughts on the new L&G Global Quality Dividend ETF, and answer questions on Petrobras, Frontline, T. Rowe Price, and more. Topics covered: Why dividend growth often outpaces salary increasesTexas Instruments & Nvidia humanoid robot collaborationL&G Global Quality Dividend ETF breakdownUsing AI tools in investment researchListener Q&A: Petrobras, Frontline, HIKMA, T. Rowe Price, BRAVIDIA & moreJoin us :[Facebook]  Https://www.facebook.com/groups/dividendtalk[Twitter] -   @DividendTalk_    , @European_DG[Discord] - https://discord.gg/nJyt9KWAB5[Newsletter] - https://dividendtalk.eu/download-your-free-samples/

Kelly Fredrickson is the head of Global Brand and Public Relations in Global Marketing of T. Rowe Price Group, Inc. Kelly has been with T. Rowe Price since January 2024, beginning in the Global Marketing Global Brand and Public Relations department. Prior to this, Kelly was president of Mullen Lowe Boston. She also was a senior vice president of marketing at Bank of America.

In fixed income, credibility is tested differently, and real world metrics like liquidity, scale, and benchmark scrutiny leave little room for storytelling. This episode examines how impact strategies can operate inside mainstream credit markets without weakening financial discipline or diluting measurable outcomes.My guest this week is, Matt Lawton, Matt is the Head of Impact Fixed Income at T. Rowe Price, where he leads global credit and emerging market blue bond strategies. With more than 15 years across credit research and portfolio management, Matt has helped build one of the industry's most structured approaches to impact investing in public markets.Matt explains how narrowing a broad benchmark to impact-aligned issuers creates focus without conceding returns, and why additionality must be identified ex ante, and not assumed.Tune in to learn more about:Why a 60/40 primary-secondary split protects credibility How the five dimensions of the impact framework for underwriting dual objectives What a four-pillar ESG bond test reveals about greenwashing Why impact must deliver market-rate returns by 2030This conversation is impact investing applied with credit discipline, measurement rigour, and institutional accountability.Featured guest:Matt Lawton, Head of Impact Fixed Income at T. Rowe PriceAdditional Resources:Matt Lawton LinkedIn: https://linkedin.com/in/mattmlawton/ T. Rowe Price Website: https://www.troweprice.com/ T. Rowe Price ESG: https://www.troweprice.com/en/uk/about-us/esg/esg-investing T. Rowe Price on https://linkedin.com/company/t--rowe-price/ Connect with SRI360°: Sign up for the free weekly email updateVisit the SRI360° PODCAST: Visit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK

Nvidia reported Q4 earnings. Investors checking if the AI trade remains intact. We have you covered with every angle. JPMorgan's Stephanie Aliaga, Sand Hill Global Advisors' Brenda Vingiello, DA Davidson's Gil Luria and T. Rowe Price's Tony Wang provide analysis. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SummaryIn this conversation, Nate Leslie and T.Rowe Price's Chief Investment Officer, Sebastian Page, explore the intersection of youth sports and corporate leadership, focusing on the psychology of performance, stress management, and the importance of valuing the joy of mastery over outcomes. If you like this episode, check out related conversations in other episodes!Sebastien is the author of The Psychology of Leadership. They discuss how stress can impact performance, the role of positive psychology in enhancing engagement, and the necessity for leaders to instil meaning in their teams' work. The dialogue emphasizes the importance of feedback, tracking progress, and the responsibility of leaders to create an environment where individuals can thrive and find purpose in their roles.Keywordsleadership, psychology, positive psychology, mastery, engagement, stress management, performance, youth sports, business, coachingTakeawaysThe connection between youth sports and corporate leadership is stronger than you might think.Optimal performance requires a certain level of stress, not zero stress.Mastery orientation leads to better performance than ego orientation.Positive psychology focuses on what makes people thrive over time.Engagement in work is crucial for performance and satisfaction.Feedback and tracking progress can significantly enhance engagement.Finding meaning in work is essential for motivation and fulfillment.Leaders have a responsibility to help their teams find meaning in their work.Goal-induced blindness can negatively impact performance.Positive sports psychology can aid leaders in managing their responsibilities.Mastery vs. Ego: The Key to PerformanceSound bites"Praise the process, the effort, not just the outcome.""We have a crisis of engagement in America.""Goal-induced blindness can hinder performance."Chapters00:00 The Connection Between Youth Sports and Leadership02:54 Understanding Stress and Performance05:44 Mastery vs. Ego in Sports and Business09:02 The Role of Positive Psychology11:45 Engagement and Meaning in Work14:44 The Importance of Feedback and Progress Tracking17:53 Finding Meaning in Work20:48 The Leader's Responsibility in Creating Meaning23:50 Final Thoughts on Leadership and Psychology

Are My Retirement Savings on Track? Episode 370 – It's an age-old question that seems like everybody asks: am I saving enough for retirement? It's never going to yield an easy answer. There are so many variables: age, future savings rates, rate of return, lifestyle, etc. Where do you even begin? Fortunately, there are benchmarks available at every age that can give you a sense of whether you're on track. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 370 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: are my retirement savings on track? It's an age-old question. Am I saving enough for retirement? There's never going to be an easy answer, especially if you're young. There are so many variables: age, future savings rates, rate of return, lifestyle, taxes, etc. Where do you even begin? There are plenty of opinions to be found. Global asset management giant T. Rowe Price has done some notable research on this topic. They've published a series of benchmarks at every age that can give you a sense of where you stand as of today. The benchmarks are based on current income. For example, if you're 30 years old, they suggest that your total savings should be one half of your annual income or more. They suggest 100 percent of your income if you're age 35, twice your income at age 40, three times at age 45, and five times at age 50. The multiplier goes to seven times at age 55, nine times at age 60, and eleven times at age 65.[1] Note that these figures include contributions, both by you and your employer, to a workplace retirement plan such as a 401(k). As you can probably tell, these are just ballpark estimates. To come up with these estimates, they assume that your household income goes up by five percent per year until age 45, and three percent thereafter. They assume an inflation rate of three percent. They also assume a seven percent return before taxes, and that everyone retires at age 65. Upon retirement, the assumed withdrawal rate is four percent. As with anything else, the individual situation you're in will vary over time, so it's safe to say that these benchmarks have their limitations. Also, they assume you're relying only on personal savings and Social Security for retirement income. If you have other sources, such as a pension, your personal benchmark might be lower. Also, remember that Social Security benefits—assuming they'll still be there for younger Americans—are progressive in nature. That is, for Americans with higher earnings, Social Security benefits will represent a smaller percentage of their retirement income. So, in most cases, people with higher earnings will have to rely more heavily on personal savings to meet their retirement needs. How can you meet these suggested goals? T. Rowe Price says that, as a general rule, most people should probably save at least 15 percent of their income if they wish to keep up with the benchmarks, more than that if you've already fallen behind.[2] So, what do you do if you're below the benchmark? With discipline, some people can start increasing their savings rate right away, and that would be the ideal solution. But it's very difficult for most people. You might be able to make your increased savings rate automatic, simply by having your employer increase the contribution rate that is withheld from your paycheck. In other words, pay yourself first! Either way, if your employer has a 401(k) with an employer match, make sure you at least take full advantage of it if you're not already doing so. If you're getting on in years and you don't have enough in savings, one alternative might be to slowly transition into retirement with part-time employment. It's not ideal. After all, you'll be fully retiring later than you would prefer, but it could make a significant difference, including the possibility of health insurance benefits which can be costly in retirement. One final question. Is it possible to save too much for retirement? We talked about this back in episode 296. The answer is yes. As important as it is to save as much money as you can as early as possible, you have to balance that against your current lifestyle. If you're younger, you could easily overextend yourself if you fully fund your 401(k). This could result in maxing out your credit cards to meet your monthly expenses.[3] That could end up costing you more than the savings are worth. It's also important to understand the role of taxes. Just remember that withdrawals from a traditional IRA or 401(k) are 100 percent taxable. Once you get into your seventies, you may be subject to Required Minimum Distributions or RMDs. This means that you have to withdraw money from your IRA or 401(k) and pay tax on it, whether you need the money for your expenses or not. Also, many experts believe that future tax brackets will eventually be higher than they are today. If that does in fact happen, it could minimize the advantages of a 401(k) or IRA, because you were in a lower bracket when you took the deduction than you were when you had to pay the tax. This would minimize whatever advantage you might have had. [1]T. Rowe Price Insights on Retirement. “Are My Retirement Savings on Track?” Troweprice.com. https://www.troweprice.com/content/dam/workplace/SVRI_Retirement%20Perspective%20Savings%20Benchmark.pdf (accessed January 23, 2026). [2] Id. [3] Schrager, Allison. “Yes, Clients Can Save Too Much For Retirement.” fa-mag.com. https://www.fa-mag.com/news/yes–you-can-save-too-much-for-retirement-78828.html?section=68 (accessed August 6, 2024). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

David Giroux, CIO of T. Rowe Price and manager of the Capital Appreciation strategy, joins Excess Returns for a wide ranging discussion on market valuation, AI investing, Mag 6 dynamics, utilities, healthcare, fixed income, and how to think independently in volatile markets. David shares his framework for exploiting structural market inefficiencies, why market drawdowns can create opportunity, how he evaluates the S&P 500 at the micro level, and what investors are getting wrong about AI, profit margins, and the current cycle.Main topics covered in this episode• Exploiting structural market inefficiencies in GARP stocks, high yield, and double B credit• Why market drawdowns often lower forward risk and increase expected returns• Strategic equity allocation during periods of fear and volatility• Rethinking S&P 500 valuation through 500 company bottom up analysis• The changing composition of the index and its impact on profit margins• Where the most overvalued and undervalued areas of the market may be today• AI investing framework including Nvidia, AMD, cloud providers, and software risk• How AI could reshape margins, labor productivity, and enterprise software• Differences between today and the dotcom bubble• Overweight positioning in utilities and healthcare and the thesis behind each• Fixed income positioning including the belly of the Treasury curve and fiscal risk• Commodities, gold, and fiscal sustainability• Lessons for portfolio managers on independent thinking and making high conviction betsTimestamps00:00 Market drawdowns and forward returns02:09 Exploiting structural market inefficiencies06:28 Strategic equity allocation during selloffs11:22 Is the market expensive and how to value the S&P 50015:00 Profit margins and index composition17:13 Where valuation excess exists outside the Mag 620:38 How to think about AI and enterprise adoption27:18 AI disruption risk across sectors39:20 AI versus the dotcom bubble42:30 Apple versus Meta and capital allocation46:53 Overweight utilities and healthcare52:57 Fixed income opportunities and risks57:32 Commodities, gold, and fiscal concerns01:00:15 Lessons for new portfolio managers

Som Priestley of T. Rowe Price spotlights the creation of their Innovation Leaders ETF (TNXT). He's looking for innovation beyond technology, including in healthcare and finance, and companies that are reinvesting in themselves. Holdings range from large to small caps and include international names. As Som points out, it's hard to time a trend like GLP-1s, but investors can look for companies setting themselves up for success. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Richard Bernstein of Richard Bernstein Advisors and Alan McKnight of Regions Wealth Management debates whether speculation has gone too far and why dividends, quality, and U.S.-focused positioning may be back in favor. The conversation then turns to Washington as policy developments and presidential missives whipsaw investors with Brian Gardner of Stifel. Technology investing in 2026 with Dom Rizzo of T. Rowe Price. Bear case on Nike with Needham analyst Tom Nikic. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

My guest today is Henry Ellenbogen, founder and Managing Partner of Durable Capital Partners. Henry built his reputation at T. Rowe Price, where he led the New Horizons Fund and turned it into one of the best-performing small-cap growth portfolios in the country. In 2019, he left to start Durable. His philosophy is grounded in a simple belief that great investing is about understanding people and change. Henry has spent his career studying the rare 1% of companies that drive nearly all long-term returns . Durable's edge comes from being able to tell the difference between a company that is failing and one that is transforming. Henry often talks about “Act II” teams – founders who take the lessons from their first company and apply them to a new frontier. Durable itself is his Act II. In our latest Colossus profile, Managing Editor Dom Cooke traces Henry's story and specifically how he became one of the most influential investors of the 21st century, having learned from founders like Jeff Bezos and John Malone in the early part of his career. I always hear the same thing from founders who've met Henry: “he understood my business faster than anyone”. The thing that sticks with me from our conversation and Dom's profile is just how much he loves investing. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ramp.com/invest to sign up for free and get a $250 welcome bonus. ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about the platform. ----- This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠AlphaSense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Invest Like the Best listeners can get a free trial now at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Alpha-Sense.com/Invest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). Show Notes: (00:00:00) Welcome to Invest Like The Best (00:04:00) Meet Henry Ellenbogen (00:05:29) Origin of Henry's Investment Philosophy (00:08:12) Identifying the 1% of Great Companies (00:12:53) Patterns of Successful Compounders (00:20:34) Act Two Entrepreneurs and Teams (00:25:43) Building Durable Capital: Henry's Act Two (00:30:11) Dollar Cost Averaging Up Strategy (00:35:02) Market Structure and Agency Problems (00:38:26) Impact of Quant Funds and Short-Term Capital (00:42:21) AI as Transformative Change (00:45:30) How Affirm Uses AI (00:48:23) Amazon's Cost Curve Advantage (00:51:48) Leadership Through Change (00:56:54) Robotics and Physical Kaizen (01:01:29) Favorite Types of Competitive Advantages (01:05:25) Investment Memo Structure (01:09:21) 2022 CEO Tour on Market Transition (01:19:18) Hiring and Developing Talent (01:24:09) Making Colleagues Better (01:27:56) Being Intellectually Honest in Investing (01:29:11) Lessons from Success (01:33:04) Case for Going Public (01:36:32) Netflix Transition Example (01:41:29) Two Types of Greatness (01:45:42) The Kindest Thing

Some episodes help you protect your money. Some help you protect everything your money makes possible. This episode does both. Joe Saul-Sehy and OG welcome fire safety expert Steve Kerber from UL's Fire Safety Research Institutes, who delivers simple, practical, "do this today" steps that dramatically increase your home's safety. From upgrading outdated smoke alarms to understanding lithium-ion battery risks to spotting hidden hazards most people walk past every single day, Steve gives everyday Stackers the tools to keep their homes and families safer. This isn't scare tactics. It's straightforward guidance from someone who's spent his career studying what actually prevents fires and saves lives. Then the show shifts gears for the headline segment. Joe and OG unpack T. Rowe Price's latest Global Retirement Survey to explore what savers around the world are most anxious about right now. How are people adapting to inflation? Are retirement expectations shifting across different countries? What can you learn from how others are handling the same fears you probably have? The data reveals patterns that might surprise you and insights you can actually use to build more confidence in your own retirement planning. Between these two segments, you'll get Doug's trivia throwdown, a TikTok detour through airport lounge mythology, and a few classic basement moments that remind you why this show mixes serious topics with serious fun. It's a wide-ranging episode packed with actionable takeaways and a good reminder that your financial plan works best when your home, your health, and your long-term outlook are all protected. What You'll Walk Away With: • The small home safety upgrades that make the biggest difference in fire prevention • Why smoke alarms fail more often than you think and how to pick the right replacement • Lithium-ion battery safety covering where to store them, what to avoid, and which myths to ignore • How real-world fire prevention thinking overlaps with smart financial planning habits • What savers around the world worry about most when it comes to retirement • How inflation, longevity concerns, and economic uncertainty are reshaping retirement expectations globally • Practical steps to feel more confident about your long-term retirement plan based on what the data reveals • Permission to take simple safety steps today that your future self will thank you for This Episode Is For You If: • You can't remember the last time you checked your smoke alarms (or know they're overdue for replacement) • You've got lithium-ion batteries around the house but aren't sure if you're storing them safely • You're curious what retirement worries look like around the world and how yours compare • You want retirement insights based on actual data instead of just one expert's opinion • You believe protecting what you have is just as important as growing what you're building Before You Hit Play, Ask Yourself: When's the last time you actually tested your smoke alarms or checked their expiration dates? And what's your biggest retirement worry right now? Drop both answers in the comments because Steve's fire safety tips and the global retirement data might address fears you didn't even realize were universal. FULL SHOW NOTES: https://stackingbenjamins.com/holiday-fire-safety-tips-steve-kerber-1774 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Some episodes help you protect your money. Some help you protect everything your money makes possible. This episode does both. Joe Saul-Sehy and OG welcome fire safety expert Steve Kerber from UL's Fire Safety Research Institutes, who delivers simple, practical, "do this today" steps that dramatically increase your home's safety. From upgrading outdated smoke alarms to understanding lithium-ion battery risks to spotting hidden hazards most people walk past every single day, Steve gives everyday Stackers the tools to keep their homes and families safer. This isn't scare tactics. It's straightforward guidance from someone who's spent his career studying what actually prevents fires and saves lives. Then the show shifts gears for the headline segment. Joe and OG unpack T. Rowe Price's latest Global Retirement Survey to explore what savers around the world are most anxious about right now. How are people adapting to inflation? Are retirement expectations shifting across different countries? What can you learn from how others are handling the same fears you probably have? The data reveals patterns that might surprise you and insights you can actually use to build more confidence in your own retirement planning. Between these two segments, you'll get Doug's trivia throwdown, a TikTok detour through airport lounge mythology, and a few classic basement moments that remind you why this show mixes serious topics with serious fun. It's a wide-ranging episode packed with actionable takeaways and a good reminder that your financial plan works best when your home, your health, and your long-term outlook are all protected. What You'll Walk Away With: • The small home safety upgrades that make the biggest difference in fire prevention • Why smoke alarms fail more often than you think and how to pick the right replacement • Lithium-ion battery safety covering where to store them, what to avoid, and which myths to ignore • How real-world fire prevention thinking overlaps with smart financial planning habits • What savers around the world worry about most when it comes to retirement • How inflation, longevity concerns, and economic uncertainty are reshaping retirement expectations globally • Practical steps to feel more confident about your long-term retirement plan based on what the data reveals • Permission to take simple safety steps today that your future self will thank you for This Episode Is For You If: • You can't remember the last time you checked your smoke alarms (or know they're overdue for replacement) • You've got lithium-ion batteries around the house but aren't sure if you're storing them safely • You're curious what retirement worries look like around the world and how yours compare • You want retirement insights based on actual data instead of just one expert's opinion • You believe protecting what you have is just as important as growing what you're building Before You Hit Play, Ask Yourself: When's the last time you actually tested your smoke alarms or checked their expiration dates? And what's your biggest retirement worry right now? Drop both answers in the comments because Steve's fire safety tips and the global retirement data might address fears you didn't even realize were universal. FULL SHOW NOTES: https://stackingbenjamins.com/holiday-fire-safety-tips-steve-kerber-1774 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sébastien Page is Chief Investment Officer at T. Rowe Price and author of “The Psychology of Leadership.” In this interview, Sébastien discusses what he has learned about sports psychology that applies to leading in the corporate environment and in the management of $500B in assets at T. Rowe Price. The conversation continues as Sébastien dives into the psychological principles that distinguish truly great leaders from good ones and how leaders can use positive psychology to better run their teams. Sébastien also talks about how relationship development and trust creation are crucial to thriving in an economy enhanced by artificial intelligence. Sébastien concludes the interview by providing tips on stress management, sharing how to avoid goal-induced blindness, and giving advice for people who want to lead their guide their team members a rapidly-changing future. Sébastien Page is Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price. He oversees a team of investment professionals actively managing over $500 billion in assets under management. Sébastien won research paper awards from The Journal of Portfolio Management in 2003, 2010, 2011, and 2022 and the Financial Analysts Journal in 2010 and 2014. In addition to The Psychology of Leadership, he is the author of Beyond Diversification: What Every Investor Needs to Know About Asset Allocation (McGraw Hill, 2020) and the coauthor of Factor Investing and Asset Allocation (CFA Institute Research Foundation, 2016).Sébastien is also a member of the editorial boards of the Journal of Portfolio Management and the Financial Analysts Journal, and the Board of Directors of the Institute for Quantitative Research in Finance (Q Group). He regularly appears in the media, including Bloomberg TV and CNBC, and was recently named amongst the 15 Top Voices in Finance by LinkedIn.

This episode digs into the unwelcome December surprise of capital-gains distributions, especially from actively managed mutual funds. Don and Tom break down Morningstar's latest list of high-distribution offenders, spotlighting the astonishing 83% capital-gains payout from the Royce Midcap Total Return Fund. They compare the tax drag, costs, turnover, and long-term underperformance of these funds against index funds and ETFs, and explain why tax-efficient investing matters far more than most people realize. Listener questions cover overly complex portfolios, Edward Jones stock positions, odd-lot tender offers, and whether large-cap blue-chip stocks remove the need for bonds. The episode closes with a reminder that detailed portfolio triage is best handled in one-on-one meetings. 0:04 Capital-gains season returns and why high fund returns can still hurt 0:29 Don & Tom on weather, wardrobe, and warming up in Florida 1:30 December capital-gains distributions and why they happen 2:07 Morningstar's warning: active funds with big capital-gains payouts 3:06 Vanguard, T. Rowe Price, and American Funds distribution levels 4:09 The biggest offender: Royce Midcap Total Return Fund 5:41 Why 35 funds will distribute more than 10% of assets 5:52 The stunning number: Royce's 83% capital-gains distribution 6:52 Why big outflows and poor performance drive big taxable events 7:21 Royce's turnover, tiny size, high costs, and weak long-term returns 8:47 Why it's critical to hold active funds only in tax-advantaged accounts 10:07 ETFs vs mutual funds: tax efficiency and turnover differences 11:42 Comparing Royce to Avantis AVGE on fees, turnover, and performance 12:16 How AVGE tracks its index vs Royce's massive underperformance 13:33 When selling an active fund before a distribution may or may not help 14:05 Listener question: overly detailed allocation request — why it needs a meeting 16:29 Why some questions require one-on-one analysis 18:20 Why Appella's free meetings exist (and what they're not) 20:35 Odd-lot tender offers explained 22:14 Listener: selling Edward Jones stock holdings and leaving EJ 23:42 Why small, young investors should clean up taxable accounts early 24:24 The long decline of commission-based brokerage 25:26 Bothell check-in: blue-chip stocks vs bonds 27:18 Historical returns: 98 years of total market vs small-cap value 28:49 Why bonds exist in a portfolio despite low recent returns 29:30 Closing thoughts on discipline, diversification, and realism Learn more about your ad choices. Visit megaphone.fm/adchoices

Questions? Comments?This episode digs into the unwelcome December surprise of capital-gains distributions, especially from actively managed mutual funds. Don and Tom break down Morningstar's latest list of high-distribution offenders, spotlighting the astonishing 83% capital-gains payout from the Royce Midcap Total Return Fund. They compare the tax drag, costs, turnover, and long-term underperformance of these funds against index funds and ETFs, and explain why tax-efficient investing matters far more than most people realize. Listener questions cover overly complex portfolios, Edward Jones stock positions, odd-lot tender offers, and whether large-cap blue-chip stocks remove the need for bonds. The episode closes with a reminder that detailed portfolio triage is best handled in one-on-one meetings.0:04 Capital-gains season returns and why high fund returns can still hurt0:29 Don & Tom on weather, wardrobe, and warming up in Florida1:30 December capital-gains distributions and why they happen2:07 Morningstar's warning: active funds with big capital-gains payouts3:06 Vanguard, T. Rowe Price, and American Funds distribution levels4:09 The biggest offender: Royce Midcap Total Return Fund5:41 Why 35 funds will distribute more than 10% of assets5:52 The stunning number: Royce's 83% capital-gains distribution6:52 Why big outflows and poor performance drive big taxable events7:21 Royce's turnover, tiny size, high costs, and weak long-term returns8:47 Why it's critical to hold active funds only in tax-advantaged accounts10:07 ETFs vs mutual funds: tax efficiency and turnover differences11:42 Comparing Royce to Avantis AVGE on fees, turnover, and performance12:16 How AVGE tracks its index vs Royce's massive underperformance13:33 When selling an active fund before a distribution may or may not help14:05 Listener question: overly detailed allocation request — why it needs a meeting16:29 Why some questions require one-on-one analysis18:20 Why Appella's free meetings exist (and what they're not)20:35 Odd-lot tender offers explained22:14 Listener: selling Edward Jones stock holdings and leaving EJ23:42 Why small, young investors should clean up taxable accounts early24:24 The long decline of commission-based brokerage25:26 Bothell check-in: blue-chip stocks vs bonds27:18 Historical returns: 98 years of total market vs small-cap value28:49 Why bonds exist in a portfolio despite low recent returns29:30 Closing thoughts on discipline, diversification, and realismLearn more about your ad choices. Visit megaphone.fm/adchoices

Sébastien Page is the Chief Investment Officer at T. Rowe Price, one of the world's largest investment management firms. Sebastien oversees a team of investment professionals who manage more than $500 billion in assets, and he rose from a non-English-speaking intern to the C-suite. Sébastien is also the author of the book, The Psychology of Leadership.   In this episode we discuss the following: For the sports psychologist and 40-time national handball champ Daniel Zimet, his best match ever was a loss. Roger Federer, one of the greatest tennis players of all time, lost nearly half the points in his career. Outcomes are noisy, and are only loose signals of decision quality. True peak performance, whether in sports, investing, or life, isn't always about winning. It's about a relentless focus on the process. At the highest levels, listening beats speaking, strategic patience often beats knee-jerk decisiveness, and the courage to quit can matter more than blind persistence. None of this matters if we're running on empty. The foundation of sustained excellence is sleep, diet, and exercise.