Podcast appearances and mentions of russell sage

How do immigration policies from economically advantaged countries affect people in less advantaged countries and the immigrants who come in with these policies? "Structured Luck" takes us on a transnational journey to explore the societal, personal, and political implications of the US Diversity Immigrant Visa Program, a US immigration policy that is an annual economic and cultural event in many economically disadvantaged countries. It illuminates the trauma, resilience, determination, and mobility of immigrants who come to the U.S. through the DV program and closes with a call for the U.S. and other economically advantaged countries to develop policies that will better integrate their immigrants into society. Speaker Onoso Imoagene, Associate Professor of Social Research and Public Policy, NYUAD; Author, "Structured Luck Downstream Effects of the U.S. Diversity Visa Program" (Russell Sage, 2024), NYUAD In conversation with Natasha Iskander, James Weldon Johnson Professor of Urban Planning and Public Service, NYU Wagner

Welcome to today's episode of CITE's Blue Ribbon Project series. I'm beyond thrilled to have Dr. Josephine Yeboah Van-Ess, a true powerhouse in education.On today's episode, we'll be getting into what it truly means to follow your purpose. Join us as Dr. Van-Ess shares her inspiring journey—from her beginnings as an English teacher to her impactful roles as Assistant Principal, Principal, Deputy Superintendent, and now Superintendent overseeing multiple districts.We're also excited to celebrate Dr. Van-Ess' new role in overseeing and building an HBCU College Prep High School in South Queens, NY, in partnership with Delaware State University and Dr. Asya Johnson, the founder and creator of this impeccable initiative. This is a monumental project with immense potential to empower and uplift students in the community. Dr. Van-Ess, we're so honored to have you here today! To kick things off, could you introduce yourself and share what ignited your passion for a career in education?To learn more about our administration SBL/SDL program with Russell Sage College please visit www.citesageadmin.com or email Diane@citeprograms.com and to learn more about our Doctorate program with Russell Sage please visit www.citesage.com or email Jennifer@citeprograms.com for more information.

So much going on at the Troy Library in August! Hear about the many and varied activities for adults -- and the importance of romance novels in keeping publishers in business -- from Chloe Whittaker, Adult Programming Director. Some of the programs discussed: the ongoing Adult Reading Challenge through August 14th and related prizes; poetry reading on 8/5 (sorry for posting this so late!); Romance Book Club on 8/7; Soap making on 8/19; adult coloring evening on 8/26. And a couple special events. Learn how to make a "tree of life" pendant in adult jewelry making session with Ann Moon (8/15 at the main branch, repeated 8/22 in Lansingburgh). And on 8/29 hear the story of Russell Sage, a robber baron of the Gilded Age who was once the richest many in the U.S., from Michael Barrett, former director of the Hudson Mohawk Industrial Gateway and Burden Ironworks Museum. For more details and to sign up, visit www.thetroylibrary.org. Produced by Brea Barthel for Hudson Mohawk Magazine.

Explore influential quotes and maxims from the investing and business world. This includes from: Warren Buffett, Mark Twain, Robert Kiyosaki, Albert Einstein, Dan Sullivan, Thomas Edison, Benjamin Franklin, Suze Orman, and yours truly, Keith Weinhold. “Why not go out on a limb? That's where the fruit is.” -Mark Twain “Given a 10% chance of a 100x payoff, you should take that bet every time.” -Jeff Bezos “The stock market is a device for transferring money from the impatient to the patient.” -Warren Buffett “Don't live below your means; expand your means.” -Rich Dad “The wise young man or wage earner of today invests his money in real estate.” -Andrew Carnegie “Savers are losers. Debtors are winners.” -Robert Kiyosaki Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:00) - Welcome to GRE. I'm your host, Keith Weinhold. Real estate and other investing involves people from the disappointing to the mesmerizing. People have contributed countless quotes, maxims and aphorisms on investing today. All recite and then we'll discuss dozens of influential ones and what you could learn from this timeless wisdom today on get Rich education.   Robert Syslo (00:00:29) - Since 2014, the powerful get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Reinhold writes for both Forbes and Rich Dad Advisors and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps build wealth on the go with the get Rich education podcast.   Robert Syslo (00:01:06) - Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates (00:01:14) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:30) - Welcome to diary from Ellis Island, New York, to Ellensburg, Washington, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get Rich education for the 508th consecutive week. Happy July. It's the first day of the quarter, and it's now the second half of the year. So late last year when you got takeaways from our goals episode here, I hope that you're still applying them today. We're doing something different on this show. For most episodes. I divulge a lot of my best guidance. Some even quote that material. But why don't I acknowledge others great quotes maxims in aphorisms along with some of my own? And then I'll tell you what you can learn from them. So yes, today it's about axioms, adages, mantras and quotes, maxims and aphorisms. Some of these you've heard, others you probably haven't.   Keith Weinhold (00:02:28) - The first one is the only place you get money is from other people. Yeah. Isn't that so solidly true? You've never received any money in your life from yourself, unless you try to counterfeit it and give it to yourself. It's always been from other people. When you realize that the only place that you do get money is from others, you realize the value of relationships and connectivity. The next one comes from the brilliant entrepreneurial coach Dan Sullivan. You are 100% disciplined to your set of habits. Gosh, this is a terrific reminder about the importance of how you have to often uncomfortably apply something new in order to up your skill set up your game. If you keep getting distracted, well, then that's a habit, and then you'll soon become disciplined to the habit of distraction. The next two go together, and they're about market investing. Nobody is more bearish than a sold out bull. And the other is bears make headlines. Bulls make money. Really the lesson there is that they're both reminders that it's better to stay invested rather than on the sidelines.   Keith Weinhold (00:03:53) - The next two are related to each other as well. Albert Einstein said, strive not to be a person of success, but rather to be a person of value. And then similarly, a more modern day spin on that. Tony Hsieh, the late CEO of Zappos. He said, Chase the vision, not the money and the money will end up following you. And the lesson here is, well, we'd all like more money, but if you focus on the money first, well then it doesn't want to follow you. You need to provide value and build the vision first, and then the money will follow and you know, to me, it's kind of like getting the girl if you act too interested in her and you get too aggressive, it's a turnoff. But if you quietly demonstrate that you're a person of value, or subtly suggest somehow in a way that their life could be improved by having a relationship with you or being around you, then they're more likely to follow. And yes, I'm fully aware that this is a heterosexual male analogy, and I use it because that is what I am.   Keith Weinhold (00:04:58) - So if you're something else, I'm sure you can follow along with that. The next quote is from Susie Kasam. Doubt kills more dreams than failure ever will. Gosh, isn't this so on point? It's about overcoming the fear in just trying. And then if you know that you've lived a life of trying, you're going to have fewer regrets. Thomas Edison yes, the light bulb guy in the co-founder of General Electric, he said the value of an idea lies in the using of it. Oh, yeah, that's a great reminder that knowledge isn't really power. It's knowledge plus action that creates power because an idea that remains idle doesn't do anyone any good. Hey, we're just getting started talking about investing in real estate quotes today here on episode 508 of get Rich education. And, you know, remarkably, these maxims and catchphrases, they're usually just 1 or 2 sentences, but yet they are so often packed with the wisdom such that these takeaways and lessons are like your three favorite ones today. They can change the trajectory of your entire life.   Keith Weinhold (00:06:20) - The next quote is one that I have said carefully bought real estate has the best risk adjusted return in. The world. And I don't need to explain that because we talk about that in some form or another on the show many weeks. Albert Schweitzer said success is not the key to happiness. Happiness is the key to success. If you love what you're doing, you will be successful. Yeah, I'd say that one is mostly true. Just mostly, though, there's no attribution here. On this next one, you might have heard the aphorism money is a terrible master, but an excellent servant. Yeah. Now, I've heard that one for a long time, and it took me a while to figure out what it really meant. And here's my take on that. If you make money, the master will. Then you'll, like, do almost anything. You'll trade your time for money. You'll sell your time for dollars instead. If you invest passively and it creates leveraged equity and income streams, oh, then money serves you.   Keith Weinhold (00:07:28) - It's no longer the master. That's what that means to me here in a real estate investor context. And, you know, it really underscores the importance of making money work for you. And is a follow up to last week's show. Whose money are we talking about here? Whose is it? It's focusing on getting other people's money to work for you, not just your own. Now, the next one is a quote that I've said on the show before, quite a while ago, though. And come on now, what would an episode about quotes, maxims and aphorisms be without some contribution from Mark Twain? Here Twain said, why not go out on a limb? That's where the fruit is. that's just so, so good in business and in so many facets of your life, constantly playing it safe is the riskiest thing that you can actually do. Because a risk averse investor places a ceiling on his or her potential in a risk averse person imposes an upper limit on their very legacy. In fact, episode 275 of the get Rich education podcast is named Go Out on Limb precisely because of this Twain quote.   Keith Weinhold (00:08:45) - So listen to that episode if you want to hear a whole lot more about that. It's actually one of Twain's lesser known quotes, but perhaps his best one. The next one comes from famous value investor Benjamin Graham. He said the individual investor should act consistently as an investor and not as a speculator. Okay, so what's the difference there? A speculator takes big risks in hopes of making large quick gains. Conversely, an investor focuses on risk appropriate strategies to pursue longer term goals, which is really consistent with being a prudent, disciplined real estate investor. Presidential advisor Bernard Baruch contributed this to the investing world. Don't try to buy at the bottom and sell at the top. It can't be done except by liars. yes. Tried to time the market. It might be tempting, but it rarely works because no one really knows when the market has reached its top or its bottom. All you can really hope to do is buy lower and sell higher. But you're never going to buy at the trough and sell at the peak.   Keith Weinhold (00:10:00) - And even buying lower and selling higher is harder to do than it sounds, even though everyone knows that's what they're supposed to do. Albert Einstein is back here, he said. Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn't pays it. And as you've learned here on the show on previous episodes, compound interest. It does work arithmetically, but not in real life would apply to the stock market. Of course. My quote contribution to the investing world on this is compound interest is weak. Compound leverage is powerful. I broke that down just last week on the show, so I won't explain that again. Now, really, a central mantra in GR principle is don't live below your means, grow your means. But I must tell you, I can't really take credit for coining that particular one because from the rich dad world, the quote is don't live below your means, expand your means. But I did hear that from them first, and though it can't be certain, I think it was Sharon letter that coined that one.   Keith Weinhold (00:11:13) - A lot of people don't know this, but she was the original co-author of the book. Rich dad, Poor Dad with Robert Kiyosaki. And Sharon has been here on the show before, and if I have her back, I will ask her if she is the one that coined that. Don't live below your means. Expand. Your means. But yeah, I mean, what this quote really means is, in this one finite life that you have here on Earth, why in the world would you not only choose to live below your means, but actually take time and effort learning how to do a better job of living below your means when it just makes you miserable after a while, when instead you could use those same efforts to grow your means and you can only cut down so far. And there's an unlimited ceiling on the upside. And now there is one caveat here. I understand that if you're just getting on your feet, well, then living below your means might be a necessity for you in the short term.   Keith Weinhold (00:12:08) - And what's an example of living below your means? It's eating junk food because it's cheap and filling, expanding your means. That might be doing something like learning how to do a cost segregation to accelerate your depreciation. Write off on your 20 unit apartment building. But you know, even if you're in hardship, I still like live within your means more than the scarcity minded guidance of live below your means. Next is a terrific one, and it really reinforces the last quote a rich man digs for gold. A poor man is concerned with the cost of a shovel. Oh yeah, that's so good. And I don't know who to attribute that to. It's about growing your means and taking on and actually embracing calculated risks. Not every risk, calculated risk. And you can also live that regret free life this way. In fact, episode 91 of this show is called A Rich Man Digs for gold. So you can get more inspiration for that from that episode. Okay, this one comes from the commodities world where there are notoriously volatile prices.   Keith Weinhold (00:13:18) - How do you make a million? You start with 2 million. now, this next one is one that I don't really agree with that much. You really heard this a lot the last few years. It applies when you have a mortgage on a property, and that is the house is the liability and the debt is the asset. I know people are trying to be crafty. People kind of use this pithy quote when they're discussing how those that locked in at those artificially low mortgage rates years ago considered the debt so good that it's an asset. It's like, yeah, I know what you're saying. And I love good real estate debt and leverage and all that, of course. But really, for you, truly, then if the House is a liability and the debt is an asset like you're saying, then give away the house to someone else. If it's such a liability, and keep the debt to pay off yourself if it's really such an asset. A little humorous here. Next, Forbes magazine said, how do you make a million marry a millionaire? Or better yet, divorce one then more? Real estate ish is Jack Miller's quote how do you become a millionaire? Well, you borrow $1 million and you pay it off.   Keith Weinhold (00:14:31) - And I think we can all relate to that here at GRE. Better yet, borrow $1 million and don't pay it off yourself. Have tenants and inflation pay it down for you. And you know, inflation is getting to be a problem for any of these, like century old classic quotes that have the word millionaire in them. Because having a net worth of a million that actually used to mean you were wealthy, and now it just means you're not poor, but you might even be below middle class. Now, you probably heard of some of these next ones, but let's talk about what they mean. Warren Buffett said the stock market is a device for transferring money from the impatient to the patient. And then Benjamin Franklin said an investment in knowledge pays the best interest. I mean, yeah, that's pretty on point stuff there when it comes to investing. Nothing will pay off more than educating yourself. So do some research before you jump in. And you've almost certainly heard this next one from Warren Buffett.   Speaker 4 (00:15:28) - You want to be greedy when others are fearful, and you want to be fearful when others are greedy.   Keith Weinhold (00:15:32) - That is, be prepared to invest in a down market and to get out in a soaring market. As per the philosophy of Warren Buffett, it's far too easy for investors to lose perspective when something big goes wrong. A lot of people panic and sell their investments. And looking at history. The markets recovered from the 2008 financial crisis. They recover from the dotcom crash. They even recover from the Great Depression, although it took a long time. So they're probably going to get through whatever comes next as well, if you really follow that through what Buffett said there. Well, then at a time like this now, I mean, you could be looking at shedding stocks as they continue to approach and break all time highs. Carlos Slim, hello said with a good perspective on history, we can have a better understanding of the past and present and thus a clear vision of the future. Sure. Okay, that quote like that probably didn't sound very snappy and it's really simple, but he's telling us that if you want to know the future, check on the past.   Keith Weinhold (00:16:39) - Not always, but often. It will tell you the future directory, or at least that trajectories range. And this is similar to how I often say take history over hunches, like when you're applying economics to real estate investing. Now this next guy has been a controversial figure, but George Soros said it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. Okay, I think that quote means that too many investors become almost obsessed with being right, even when the gains are small, winning big, and cutting your losses when you're wrong. They are more important than being right. Amazon founder Jeff Bezos said given a 10% chance of a 100 times payoff, you should take that bet every time. All right. Now, that's rather applicable to the high flying risk of, say, investing in startup companies. We'll see. Bezos himself, he took a lot of those bets, a 10% chance at a 100 X payoff. And that is exactly why he's one of the richest people in the world.   Keith Weinhold (00:17:49) - Now, if you haven't heard of John Bogle before, you should know who he is. He co-founded the Vanguard Group, and he's credited with popularizing the very concept of the index fund. I mean, Bogle transformed the entire investment management industry. John Bogle said, don't look for the needle in the haystack. Just buy the haystack. Okay? If it seems too hard to say, find the next Amazon. Well, John Bogle came up with the only sure way to get in on the action. By buying an index fund, investors can put a little bit of money into every stock, and that way they never miss out on the stock market's biggest winners. They're only going to have a small part. And what that means to a real estate investor is, say, rather than buying a single property in a really shabby neighborhood, that neighborhood will drag down your one property. So to apply boggles by the whole haystack quote. What you would do then is raise money to buy the entire block, or even the entire neighborhood and fix it up, therefore raising the values of all of the properties.   Keith Weinhold (00:18:55) - Back to Warren Buffett. He had this analogy about the high jump event from track and field. He said, I don't look to jump over seven foot bars. I look around for one foot bars that I can step over. Yeah. All right. I mean, investors often do make things too hard on themselves. The value stocks that Buffett prefers, they frequently outperform the market, making success easier. Supposedly sophisticated strategies like short selling. A lot of times they lose money in the long run. So profiting from those is more difficult. Now, you might have heard the quote, and it's from Philip Fisher. He said the stock market is filled with individuals who know the price of everything but the value of nothing. Yeah. I mean, that's really another testament to the fact that investing without an education and research that's ultimately going to lead to pretty regrettable investment decisions. Research is a lot more than just listening to the popular opinion out there, because people often just then invest on hype or momentum without understanding things like a company's fundamentals or what value they create for society, or being attentive to price to earnings ratios.   Keith Weinhold (00:20:08) - Even Robert Arnott said in investing, what is comfortable is rarely profitable. You know, that's pretty on point at times. You have to step out of your comfort zone to realize any big gains. Know the boundaries of your comfort zone. Practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping out, or do you have the guts to get out during the biggest rally of the century? You've got to have the stomach to be contrarian and see it through. Robert Allen said. How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. That's the end of what Robert G. Allen said. Yeah, though inflation could cut out the millionaires part. Yeah I mean point well taken. No one builds wealth through a savings account. Now a savings account might be the right place for your emergency fund. It has a role, but it's not a wealth builder.   Keith Weinhold (00:21:10) - I mean, since we left the gold standard back in 1971, so many dollars get printed most years that savers become losers. Which, hey, that does bring us to Robert Kiyosaki. He's been a guest on the show here with us for times now, one of our most frequent guests ever. Here he is. The risks at Port Arthur. And you probably know what I'm going to say. He is, he said. Savers or losers? Debtors or winners of something that your parents probably would never want to know that you subscribed to your grandparents, especially. Yes, he is one of the kings of iconoclastic finance quotes. And as you know, I've got some contributions to that realm myself. But what Kiyosaki is saying is if you save 100 K under a mattress and inflation is 5%, well, now after a year you've only got 95 K in purchasing power. So therefore get out of dollars and get them invested. Even better than if you can get debt tied to a cash flowing leveraged asset. In fact, episode 212 of this very show is named Savers are Losers.   Keith Weinhold (00:22:18) - Debtors are winners. So I go deep on that theme there. We've got more as we look at it and break down some of the great real estate investing quotes, maxims and aphorisms. They generally get more real estate ish as we go here, including ones that you haven't heard before and dropping, quote, bombs here that absolutely have to be enunciated and brought to light ahead. A group of Real Estate quotes episode. Hey, learn more about what we do here to get rich education comm get rich education.com. And do you have friends or family that are into investing or real estate? I love it when you hit the share button on your pod catching device or whatever platform you're listening on. Everything that we do here is free and the share button really helps the show. Be sure to follow or subscribe yourself if you haven't done that more. Straight ahead. I'm Keith Reinhold, you're listening to get Rich education. Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings.   Keith Weinhold (00:23:27) - If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk. Your cash generates up to an 8% return with compound interest year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just $25. You keep getting paid until you decide you want your money back there. Decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor, to earn 8%. Hundreds of others are text family 266866. Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866. Role under this specific expert with income property, you need. Ridge lending Group Nmls 42056. In gray history from beginners to veterans, they provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge personally.   Keith Weinhold (00:24:46) - They'll even customize a plan tailored to you for growing your portfolio. Start at Ridge Lending group.com Ridge lending group.com.   Speaker 5 (00:25:02) - This is Rich dad advisor Ken McElroy. Listen to get Rich education with Keith Reinhold and don't quit your daydream.   Keith Weinhold (00:25:20) - Welcome back to Get Your Education. I'm your host, Keith Weiner. We're having some fun today, looking at and breaking down some of the great investing quotes, maxims, and aphorisms. Andrew Carnegie said, the wise young man or wage earner of today invests his money in real estate. Another one for Mark Twain here by land. They're not making it any more. You probably heard one or both of those. And yeah, Twain's time predated that of those islands that are built in Dubai. But Twain's point is still well taken. There is an inherent scarcity in land. Louis Glickman drove the point home about real estate investing when he simply said, the best investment on Earth is Earth. A Hebrew proverb goes as far as saying he is not a fool man who does not own a piece of land.   Keith Weinhold (00:26:18) - Wow, that's pretty profound right there. And if you're a female listener, yes, many of these timeless quotes from yesteryear harken back to a period when all of the landowners were men. President Franklin D Roosevelt, he has a real estate quote that you probably heard, but let's see what I think about it. Let's talk about it. Here it is. Real estate cannot be lost or stolen, nor can it be carried away, purchased with common sense, paid for in full and managed with reasonable care. It is about the safest investment in the world. That's from FDR. That's pretty good. I just don't know about the paid in full part because you lost your leverage. FDR, Johnny Isakson, a US senator, said, in the real estate business, you learn more about people and you learn more about community issues. You learn more about life. You learn more about the impact of government, probably more than any other profession that I know of. And that's good, really on point stuff there.   Keith Weinhold (00:27:23) - If you're a direct real estate investor like we are here, you really learn those things. If you're in, say, a REIT, well, you're not going to be exposed to that type of knowledge in experiences. Hazrat Ali Khan is a spiritualist and he said, some people look for a beautiful place, others make a place beautiful. Yeah, that's some mystical motivation for the house flipper or the value add real estate syndicator right there, Political economist John Stuart Mill, he said something you've probably heard before. Landlords grow rich in their sleep without working, risking or economizing. Oh, yes, you can have a real estate quotes episode without that classic one. Although rather than landlords growing rich in their sleep, the phrase real estate investors is likely more accurate. Don't wait to buy real estate. Buy real estate and wait. You've surely heard that one. You might not know that it was actor Will Rogers with that particular attribution, entrepreneur Marshall Field said buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy, billionaire John Paulson said.   Keith Weinhold (00:28:45) - I think buying a home is the best investment any individual can make. That's what Paulson said. let's give Paulson the benefit of the doubt here. Although Robert Kiyosaki famously said that a house is not an asset because an asset puts money in your pocket and your home takes money out of your pocket, well, a home is something that you get to live in, build family memories in, and you do get some leverage if you keep debt on your own home. So maybe that's more of what's behind John Paulson's maxim there. Notable entrepreneur Jesse Jones. He said I have always liked real estate, farmland, pasture land, timberland and city property. I have had experience with all of them. I guess I just naturally like the good Earth, which is the foundation of all our wealth. Business mogul Tamir Sapir said if you're not going to put your money in real estate, where else? Yeah, I guess that's a good question. Anthony hit real estate professional. He said to be successful in real estate, you must always inconsistently put your client's best interests first.   Keith Weinhold (00:30:00) - When you do, your personal needs will be realized beyond your greatest expectations. Yeah, I think he's talking about being a team player there. And if you're a real estate agent, it's about putting your client's needs over yours. If it's a landlord, perhaps then you're thinking about putting your tenants first and meeting their needs so that they stay in your property longer. Here's a quote that I've got to say I don't understand. It's from real estate mogul and shark tank shark Barbara Corcoran. She says a funny thing happens in real estate. When it comes back, it comes back like gangbusters. I don't really know what that means, and I don't know what a gangbuster is yet. I see that quote all over the place. I can't explain why that would be popular. I don't get it at all now, novelist Anthony Trollope said it is a comfortable feeling to know that you stand on your own ground. Land is about the only thing that can't fly away. Entrepreneur Armstrong Williams is here with this gem. Now one thing I tell everyone is to learn about real estate.   Keith Weinhold (00:31:12) - Repeat after me. Real estate provides the highest returns, the greatest values in the least risk. Yeah, that's a real motivator of a quote. As long as one knows what they're doing and buys, right? All of that could very well be true from Armstrong Williams. It was none other than John de Rockefeller that said the major fortunes in America have been made in land. Yeah, it's just really plain and simple there. John Jacob Astor, he got specific and more strategic here. This is Astor. He said, buy on the fringe and wait by land near a growing city. Buy real estate when other people want to sell and hold what you buy. I mean, yeah, that's pretty much an all timer right there from Astor. Winston Churchill said land monopoly is not only monopoly, it is by far the greatest of monopolies. It is a perpetual monopoly, and it is the mother of all other forms of monopoly. Yeah, interesting from Churchill. And there's a good chance that you haven't heard that one before.   Keith Weinhold (00:32:26) - Perhaps. So say, for example, if one owns real estate on all four corners of a busy street intersection, then that quote applies. It's like you've got a monopoly on a popular intersection. Russell Sage said. This real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security. That's from Russell Sage. And, you know, you know, something here is we've got lots of real estate specific quotes in this segment is that it is rare to nonexistent to see any negative quotes about real estate, about anyone saying anything bad about it. It's all positive stuff. Waxing eloquent about real estate. And there are a lot of reasons to do that. But not every real estate moment is great. Maybe this is all because nothing quotable is said when you find out that one of your tenants is a drug dealer. Well. Finance expert Susie Orman says this owning a home is a keystone of wealth, both financial affluence and emotional security.   Keith Weinhold (00:33:46) - Yeah, a lot like an earlier quote. A home is the only investment that you get the benefit of living in. Peter Lynch said. No, what you own and why you own it. I mean, that is short, sweet and it's just a really good reminder to you. Do you now own any properties that you would not buy again? And if you wouldn't buy it again, then should you consider selling it now? Not FDR, but Theodore Roosevelt. He said every person who invests. In well selected real estate in a growing section of a prosperous community, adopts the surest and safest method of becoming independent for real estate is the basis of wealth. That's Theodore Roosevelt. Yeah. He reiterates that you want to own most of your property in growing places, something that really hasn't changed over all this time. Coke Odyssey contributes to this. The house he looked at today and wanted to think about until tomorrow, maybe the same house someone looked at yesterday and will buy today. Oh, gosh, that's true.   Keith Weinhold (00:34:58) - I think that everyone has the story of the one that got away. Margaret Mitchell said the land is the only thing worth working for. Worth fighting for, worth dying for. Because it's the only thing that lasts. Yeah. Wow. Some real passion there from Margaret. Sir John Templeton said the four most dangerous words in investing are. It's different this time. Yeah. I think what Templeton is advising is to follow market trends in history. Don't speculate that this particular time will be any different. Warren Buffett said wide diversification is only required when investors do not understand what they are doing. Yeah, that insight from Buffett. That's pretty applicable when you understand that you've got to get good in a niche and then get rich in that niche, meaning being narrow. Why diversification? That's likely better when you're just beginning and you don't know much, but then you want to get niche in your big earning years. And then perhaps when you're older, you get diversified once again because you're more interested in just protecting what you have.   Keith Weinhold (00:36:15) - Robert Kiyosaki said it's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. Now there's something with tax efficiencies and more in that Kiyosaki quote. My friend Dave Zook, billionaire dollar syndicator and frequent guest on this show, he said, you can be conventional or you can be wealthy. Pick one. Oh yeah, I love that from Dave. Because if you do what everyone else does, you'll only get what everyone else got. And I've contributed some material here over 508 episodes of this show. Although I won't claim the eminence of some of the other luminaries of the past few centuries discussed today. I've been known to say these. You do care about what others think. That's your reputation. I've been known to say the scarcity mentality is abundant and the abundance mentality is scarce. And some say that in real estate, I was the first one to point out back in 2015 that real estate pays five ways. Another that I have is a critique of delayed gratification.   Keith Weinhold (00:37:31) - Now, some delayed gratification is okay early on in your life, but I've said too much delayed gratification becomes denied gratification. Here on Earth, you live just one life. Hey. And the other day, an entrepreneurial friend. I don't know. He seemed to think that I have the right life balance. I'm not sure if that's true or not, but here's what I told him. And I think he said this because he often sees me out to exercising and things. I told him I give my best to exercise. Business only gets left over time. That's because exercise is hard and making money is easy. Yeah, there it is. That's my take on that. And that's it for today. I hope that you got some learning, some perspective, a few laughs and that some thought was spurred inside your mind in order to give you at least one big, rich novel takeaway here. And it's probably best for you to refer back to this episode of quotes, maxims, and aphorisms. At times when you're feeling shaky about your investment decision making, or just other times of uncertainty.   Keith Weinhold (00:38:49) - Until next week, I'm your host, Keith Reinhold, and there's something else that I've been known to say. Don't quit your day. Drink.   Speaker 6 (00:39:00) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get Rich education LLC exclusively.   Keith Weinhold (00:39:28) - The preceding program was brought to you by your home for wealth building. Get rich education.com.

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law

Soaring levels of political, legal, economic, and social inequality have been documented by social scientists – but the public conversation and scholarship on inequality has not examined the role of state law and state courts in establishing policies that significantly affect inequality. Political scientists James L. Gibson and Michael J. Nelson analyze their original database of nearly 6,000 decisions made by over 900 judges on 50 state supreme courts over a quarter century to demonstrate how state high courts craft policy. The fifty state supreme courts shape American inequality in two ways: through substantive policy decisions that fail to advance equality and by rulings favoring more privileged litigants (typically known as "upperdogs").  The book focuses on court-made public policy on issues including educational equity and adequacy, LGBTQ+ rights, and worker's rights. The conventional wisdom assumes that courts protect underdogs from majorities but Gibson and Nelson demonstrate that judges most often favor dominant political elites and coalitions. As such, courts are unlikely to serve as an independent force against the rise of inequality in the United States. James Gibson is the Sidney W. Souers Professor of Government at Washington University in Saint Louis. His research interests are in Law and Politics, Comparative Politics, and American Politics. Michael Nelson is a Professor of Political Science at Penn State University. He studies judicial politics and U.S. state politics, especially public attitudes toward law and courts, judicial behavior, and the politics of court reform. Michael was a guest on the New Books Network for the The Elevator Effect, a book he co-wrote with Morgan Hazelton and Rachael K. Hinkle in 2023. In the podcast, we mention Dr. Gibson's brand new article regarding the Dobbs abortion case: “Losing legitimacy: The challenges of the Dobbs ruling to conventional legitimacy theory” from the American Journal of Political Science. Daniela Lavergne served as the editorial assistant for this podcast. Susan Liebell is a Professor of Political Science at Saint Joseph's University in Philadelphia. Learn more about your ad choices. Visit megaphone.fm/adchoices

What's the root cause of poverty in America? And how do we fix it? In this discussion, Matthew Desmond, renowned Princeton sociologist and author of "Poverty, by America," talks about why poverty persists in the U.S. with Marc-Andreas Muendler, economic professor at UC San Diego. Desmond argues we can end poverty through grassroots activism and a willingness to target systems that perpetuate it, like local zoning laws. Desmond was catapulted into the national spotlight as a leading authority on modern American poverty when his Pulitzer Prize-winning masterpiece, “Evicted: Poverty and Profit in the American City,” made its debut in 2016. His work has been supported by the Gates, Horowitz, Ford, JBP, MacArthur, and National Science, Russell Sage, and W.T. Grant Foundations, as well as the Chan Zuckerberg Initiative. Series: "Helen Edison Lecture Series" [Public Affairs] [Business] [Show ID: 39385]

What's the root cause of poverty in America? And how do we fix it? In this discussion, Matthew Desmond, renowned Princeton sociologist and author of "Poverty, by America," talks about why poverty persists in the U.S. with Marc-Andreas Muendler, economic professor at UC San Diego. Desmond argues we can end poverty through grassroots activism and a willingness to target systems that perpetuate it, like local zoning laws. Desmond was catapulted into the national spotlight as a leading authority on modern American poverty when his Pulitzer Prize-winning masterpiece, “Evicted: Poverty and Profit in the American City,” made its debut in 2016. His work has been supported by the Gates, Horowitz, Ford, JBP, MacArthur, and National Science, Russell Sage, and W.T. Grant Foundations, as well as the Chan Zuckerberg Initiative. Series: "Helen Edison Lecture Series" [Public Affairs] [Business] [Show ID: 39385]

Welcome back to RadicalxChange(s), and happy 2024!In our first episode of the year, Matt speaks with Margaret Levi, distinguished political scientist, author, and professor at Stanford University. They delve into Margaret and her team's groundbreaking work of reimagining property rights. The captivating discussion revolves around their approach's key principles: emphasizing well-being, holistic sustainability encompassing culture and biodiversity, and striving for equality.RadicalxChange has been working with Margaret Levi and her team at Stanford, together with Dark Matter Labs, on exploring and reimagining the institutions of ownership.This episode is part of a short series exploring the theme of What and How We Own: Building a Politics of Change.Tune in as they explore these transformative ideas shaping our societal structures.Links & References: References:Desiderata: things desired as essential.Distributive justiceElizabeth Anderson - Relational equalityDebra Satz - SustainabilityWhat is wrong with inequality?Elinor "Lin" Ostrom - Common ownershipOstrom's Law: Property rights in the commonsIndigenous models of stewardshipIndigenous Peoples: Defending an Environment for AllColorado River situationA Breakthrough Deal to Keep the Colorado River From Going Dry, for NowHow did Aboriginal peoples manage their water resourcesFurther Reading Recommendations from Margaret:A Moral Political Economy: Present, Past and Future (2021) by Federica Carugati and Margaret LeviDædalus (Winter 2023): Creating a New Moral Political Economy | American Academy of Arts and Sciences (Edited by Margaret Levi and Henry Farrell)The works of Elizabeth Anderson, including Private Government (2017) and What Is the Point of Equality? (excerpt from Ethics (1999))Justice by Means of Democracy (2023) by Danielle AllenKatharina PistorBios:Margaret Levi is Professor of Political Science and Senior Fellow at the Center for Democracy, Development and Rule of Law (CDDRL) at the Freeman Spogli Institute (FSI) at Stanford University. She is the former Sara Miller McCune Director of the Center for Advanced Study in the Behavioral Sciences (CASBS) Levi is currently a faculty fellow at CASBS and Senior Fellow at the Woods Institute for the Environment, co-director of the Stanford Ethics, Society and Technology Hub, and the Jere L. Bacharach Professor Emerita of International Studies at the University of Washington. She is the winner of the 2019 Johan Skytte Prize and the 2020 Falling Walls Breakthrough. She is a member of the National Academy of Sciences, the British Academy, the American Academy of Arts and Sciences, the American Philosophical Society, and the American Association of Political and Social Sciences. She served as president of the American Political Science Association from 2004 to 2005. In 2014, she received the William H. Riker Prize in Political Science, in 2017 gave the Elinor Ostrom Memorial Lecture, and in 2018 received an honorary doctorate from Universidad Carlos III de Madrid.She earned her BA from Bryn Mawr College in 1968 and her PhD from Harvard University in 1974, the year she joined the faculty of the University of Washington. She has been a Senior Fellow at the Watson Institute for International Studies, Brown University. She held the Chair in Politics, United States Studies Centre at the University of Sydney, 2009-13. At the University of Washington she was director of the CHAOS (Comparative Historical Analysis of Organizations and States) Center and formerly the Harry Bridges Chair and Director of the Harry Bridges Center for Labor Studies.Levi is the author or coauthor of numerous articles and seven books, including Of Rule and Revenu_e (University of California Press, 1988); _Consent, Dissent, and Patriotism (Cambridge University Press, 1997); Analytic Narratives (Princeton University Press, 1998); and Cooperation Without Trust? (Russell Sage, 2005). In the Interest of Others (Princeton, 2013), co-authored with John Ahlquist, explores how organizations provoke member willingness to act beyond material interest. In other work, she investigates the conditions under which people come to believe their governments are legitimate and the consequences of those beliefs for compliance, consent, and the rule of law. Her research continues to focus on how to improve the quality of government. She is also committed to understanding and improving supply chains so that the goods we consume are produced in a manner that sustains both the workers and the environment. In 2015 she published the co-authored Labor Standards in International Supply Chains (Edward Elgar).She was general editor of Cambridge Studies in Comparative Politics and is co-general editor of the Annual Review of Political Science. Levi serves on the boards of the: Carlos III-Juan March Institute in Madrid; Scholar and Research Group of the World Justice Project, the Berggruen Institute, and CORE Economics. Her fellowships include the Woodrow Wilson in 1968, German Marshall in 1988-9, and the Center for Advanced Study of the Behavioral Sciences in 1993-1994. She has lectured and been a visiting fellow at the Australian National University, the European University Institute, the Max Planck Institute in Cologne, the Juan March Institute, the Budapest Collegium, Cardiff University, Oxford University, Bergen University, and Peking University.Levi and her husband, Robert Kaplan, are avid collectors of Australian Aboriginal art and have gifted pieces to the Seattle Art Museum, Metropolitan Museum of Art, National Women's Museum of Art, and the Nevada Museum of Art.Margaret's Social Links:Margaret Levi | Website@margaretlevi | X (Twitter)Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is President of the RadicalxChange Foundation.Matt's Social Links:@m_t_prewitt | XAdditional Credits:This episode was recorded by Matt Prewitt. Connect with RadicalxChange Foundation:RadicalxChange Website@RadxChange | TwitterRxC | YouTubeRxC | InstagramRxC | LinkedInJoin the conversation on Discord.Credits:Produced by G. Angela Corpus.Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides.Executive Produced by G. Angela Corpus and Matt Prewitt.Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)

Original Air Date: 04/27/2022 Dimitri and Khalid finally resume the HOTGAF series and explore Volume 3 of Gustavus Myers' classic 1910 tome “History of the Great American Fortunes”, including: The orgiastic frauds of the railroad boom, the bribing of the entire Wisconsin Legislature, Russell Sage's invention of put and call options, stock-watering, using railroad bonds for bribery, corruption at Corcoran and Riggs Bank, striking parallels between Jay Gould buying Western Union Telegraph and Elon Musk buying Twitter, psyopping the greedy middle class into buying the railroad equivalent of Gamestop/NFTs/crypto, Garrett and Johns HOPKINS looting the state of Maryland, sus humble grocers, the staggering and deliberate shittiness of the American Railroad system, the ritualistic despoiling of actual inventors, The Pacific Quartet of Huntington, Stanford, Crocker, and Hopkins, the dawn of rationalized corporate management, the Pacific Quartet's power of promotion, Searle psyopping Hopkins' widow during a seance, and Stanford University's proud legacy of faking it till you take it. For access to full-length Patreon episodes, upcoming installments of DEMON FORCES, and the SJ Grotto of Truth Discord, subscribe to the Al-Wara' Frequency at patreon.com/subliminaljihad.

In this episode, we continue our exploration of trust theory with a conversation about how we should understand political trust and trustworthiness. We look at how we might understand trust in this specific context. Our guest scholar is Dr. Margaret Levi, Professor of Political Science, Stanford University Dr. Levi is also Senior Fellow, Center on Democracy, Development and the Rule of Law, Freeman Spogli Institute for International Studies, the former Sara Miller McCune Director and current Faculty Fellow of the Center for Advanced Study in the Behavioral Sciences (CASBS), Senior Fellow of the Woods Institute, and co-director of Ethics, Society and Technology at Stanford University. Additionally, she is Jere L. Bacharach Professor Emerita of International Studies in the Department of Political Science at the University of Washington. She held the Chair in Politics, United States Studies Centre at the University of Sydney, 2009-13. At the University of Washington she was director of the CHAOS (Comparative Historical Analysis of Organizations and States) Center and formerly the Harry Bridges Chair and Director of the Harry Bridges Center for Labor Studies. Levi is the author or coauthor of numerous articles and six books, including Of Rule and Revenue (University of California Press, 1988); Consent, Dissent, and Patriotism (Cambridge University Press, 1997); Analytic Narratives (Princeton University Press, 1998); Cooperation Without Trust? (Russell Sage, 2005), In the Interest of Others (Princeton, 2013), and A Moral Political Economy (Cambridge, 2021). She explores how organizations and governments provoke member willingness to act beyond material interest. Professor Levi has written extensively on trust, but these publications provide a useful introduction to her scholarship addressing the topic: Levi, M., & Stoker, L. (2000). Political trust and trustworthiness. Annual review of political science, 3(1), 475-507. Levi, M. (2022). Trustworthy Government: The Obligations of Government & the Responsibilities of the Governed. Daedalus, 151(4), 215–233.  The Social Science for Public Good Podcast is a project of the Virginia Tech Institute for Policy and Governance and VT Publishing intended to make social science theories accessible and available to individuals and organizations seeking to promote social change. Music: Purple-planet.com

Chapin's successful journalism career crumbled as stress chipped away at his mental health, and he committed a terrible crime. But there were still surprises left to his story.  Research:  “Of the Dynamite Explosion in Russell Sage's Office.” The Leaf-Chronicle (Clarkeville, Tennessee). Dec. 7, 1891. https://www.newspapers.com/image/legacy/353237459/?terms=%22russel%20sage%22&match=1 “A Dynamite Bomb.” The Alliance Herald. Dec. 11, 1891. https://www.newspapers.com/image/legacy/423611027/?terms=%22russel%20sage%22&match=1 “City Slave Girls.” Saturday Evening Kansas Commoner. Aug. 24, 1888. https://www.newspapers.com/image/legacy/382892220/?clipping_id=30641784&fcfToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJmcmVlLXZpZXctaWQiOjM4Mjg5MjIyMCwiaWF0IjoxNjYyNDY2MjA3LCJleHAiOjE2NjI1NTI2MDd9.eLdfDQGTjlV-7dafIRsWSWJokfMsSrhH2IM2_6e5T7M “New York World Editor Kills Wife.” Intelligencer Journal. Sept. 17, 1918. https://www.newspapers.com/image/legacy/557223275/?terms=%22Charles%20E.%20Chapin%22&match=1 Morris, James McGrath. “The Rose Man of Sing Sing: A True Tale of Life, Murder, and Redemption in the Age of Yellow Journalism.” Fordham University Press. 2003. Chapin, Charles. “Winnetka's Horror.” Chicago Tribune. Feb. 14, 1884. https://www.newspapers.com/image/legacy/349741239/?terms=Winnetka%27s%20Horror&match=1 “Editor Chapin Sane.” Enid Daily Eagle. Dec. 17, 1918. https://www.newspapers.com/image/legacy/608553349/?terms=%22Charles%20E.%20Chapin%22&match=1 “Mrs. Macaulley's Crime.” Chicago Tribune. Dec. 25, 1887. https://www.newspapers.com/image/legacy/349513839/?terms=%22william%20macaulley%22&match=1 Chapin, Charles E. “Charles Chapin's Story Written in Sing Sing Prison.” G.P. Putnam. 1920. Read online: https://books.google.com/books?id=UmZMAAAAMAAJ&source=gbs_navlinks_s “Russell Sage's Will.” The Ordway New Era. August 3, 1906. https://www.coloradohistoricnewspapers.org/?a=d&d=ONE19060803-01.2.45&e=-------en-20--1--img-txIN%7ctxCO%7ctxTA--------0------ Snow, Richard, “Charles Chapin.” American Heritage. December 1979. https://www.americanheritage.com/charles-chapin “Prisoner McKeague.” Chicago Tribune. February 26, 1884. https://www.newspapers.com/image/legacy/349741560/?terms=neal%20mckeague&match=1 Roberts, Sam. “Archives From Prisons in New York Are Digitized.” New York Times. July 6, 2014. https://www.nytimes.com/2014/07/07/nyregion/new-york-prison-archives-are-digitized-by-ancestry-com.html Wingfield, Valerie. “The General Slocum Disaster of June 15, 1904.” New York Public Library. June 13, 2011. https://www.nypl.org/blog/2011/06/13/great-slocum-disaster-june-15-1904 See omnystudio.com/listener for privacy information.

Chapin built a life people envied, and had a great deal of power. His entire biography is full of noteworthy achievements and awards. As a newsman, he covered many of the key moments of the late 19th and early 20th centuries.  Research: “Of the Dynamite Explosion in Russell Sage's Office.” The Leaf-Chronicle (Clarkeville, Tennessee). Dec. 7, 1891. https://www.newspapers.com/image/legacy/353237459/?terms=%22russel%20sage%22&match=1 “A Dynamite Bomb.” The Alliance Herald. Dec. 11, 1891. https://www.newspapers.com/image/legacy/423611027/?terms=%22russel%20sage%22&match=1 “City Slave Girls.” Saturday Evening Kansas Commoner. Aug. 24, 1888. https://www.newspapers.com/image/legacy/382892220/?clipping_id=30641784&fcfToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJmcmVlLXZpZXctaWQiOjM4Mjg5MjIyMCwiaWF0IjoxNjYyNDY2MjA3LCJleHAiOjE2NjI1NTI2MDd9.eLdfDQGTjlV-7dafIRsWSWJokfMsSrhH2IM2_6e5T7M “New York World Editor Kills Wife.” Intelligencer Journal. Sept. 17, 1918. https://www.newspapers.com/image/legacy/557223275/?terms=%22Charles%20E.%20Chapin%22&match=1 Morris, James McGrath. “The Rose Man of Sing Sing: A True Tale of Life, Murder, and Redemption in the Age of Yellow Journalism.” Fordham University Press. 2003. Chapin, Charles. “Winnetka's Horror.” Chicago Tribune. Feb. 14, 1884. https://www.newspapers.com/image/legacy/349741239/?terms=Winnetka%27s%20Horror&match=1 “Editor Chapin Sane.” Enid Daily Eagle. Dec. 17, 1918. https://www.newspapers.com/image/legacy/608553349/?terms=%22Charles%20E.%20Chapin%22&match=1 “Mrs. Macaulley's Crime.” Chicago Tribune. Dec. 25, 1887. https://www.newspapers.com/image/legacy/349513839/?terms=%22william%20macaulley%22&match=1 Chapin, Charles E. “Charles Chapin's Story Written in Sing Sing Prison.” G.P. Putnam. 1920. Read online: https://books.google.com/books?id=UmZMAAAAMAAJ&source=gbs_navlinks_s “Russell Sage's Will.” The Ordway New Era. August 3, 1906. https://www.coloradohistoricnewspapers.org/?a=d&d=ONE19060803-01.2.45&e=-------en-20--1--img-txIN%7ctxCO%7ctxTA--------0------ Snow, Richard, “Charles Chapin.” American Heritage. December 1979. https://www.americanheritage.com/charles-chapin “Prisoner McKeague.” Chicago Tribune. February 26, 1884. https://www.newspapers.com/image/legacy/349741560/?terms=neal%20mckeague&match=1 Roberts, Sam. “Archives From Prisons in New York Are Digitized.” New York Times. July 6, 2014. https://www.nytimes.com/2014/07/07/nyregion/new-york-prison-archives-are-digitized-by-ancestry-com.html Wingfield, Valerie. “The General Slocum Disaster of June 15, 1904.” New York Public Library. June 13, 2011. https://www.nypl.org/blog/2011/06/13/great-slocum-disaster-june-15-1904 See omnystudio.com/listener for privacy information.

Russell Sage was once one of the wealthiest men in the world. He was ruthless in business and was said to hate philanthropy, upper education, and women. When he passed away in 1906, his wife Olivia got even by giving away nearly every penny of his fortune to the causes that Sage despised. Historian Kathy Sheehan joins me to tell the true story of Russell Sage. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Dimitri and Khalid finally resume the HOTGAF series and explore Volume 3 of Gustavus Myers' classic 1910 tome “History of the Great American Fortunes”, including: The orgiastic frauds of the railroad boom, the bribing of the entire Wisconsin Legislature, Russell Sage's invention of put and call options, stock-watering, using railroad bonds for bribery, corruption at Corcoran and Riggs Bank, striking parallels between Jay Gould buying Western Union Telegraph and Elon Musk buying Twitter, psyopping the greedy middle class into buying the railroad equivalent of Gamestop/NFTs/crypto, Garrett and Johns HOPKINS looting the state of Maryland, sus humble grocers, the staggering and deliberate shittiness of the American Railroad system, the ritualistic despoiling of actual inventors, The Pacific Quartet of Huntington, Stanford, Crocker, and Hopkins, the dawn of rationalized corporate management, the Pacific Quartet's power of promotion, Searle psyopping Hopkins' widow during a seance, and Stanford University's proud legacy of faking it till you take it. For access to full-length premium episodes and the SJ Grotto of Truth Discord, subscribe to the Al-Wara' Frequency at patreon.com/subliminaljihad.

The Laramie Project at Russell Sage is a theatrical production, a breathtaking collage, around the 1998 assault of Matthew Shepard, a young, gay man that became a symbol for LGBT+ justice. Director Eileen Schuyler spoke with HMM's Andrea Cunliffe. Performances of THE LARAMIE PROJECT are April 1-3 at the James L. Meader Little Theater on Russell Sage College's campus at 65 1st Street in Troy. The show is recommended for ages 14 and up. https://theatre.sage.edu

On this week's episode we will be discussing the pillar of nutrition with our guest speaker and RDN, Michelle Guy! Michelle is a Registered Dietitian Nutritionist who graduated with a bachelor's degree in nutrition science and a Masters degree in applied nutrition from Russell Sage college. She Currently works at her alma mater Russell sage as the dietetic's internship coordinator while simultaneously teaching introductory level nutrition classes. Michelle has also started her own business named “ Imperfectly Nourished” that is centered around helping individuals reach their overall health and nutrition goals through healthful methods that are rooted in science. Imperfectly Nourished was built off of the idea that everyone is uniquely different and there is NO one size fits all approach when it comes to nutrition. Todays show takes a deep dive into all things nutrition related! Intermittent fasting, why certain fad diets like the Keto diet and carnivore diet aren't sustainable, what makes a diet/ eating habits sustainable, what a caloric deficit is and why it important to weight lose, when and what to eat before and after a workout as well as the overall benefits of eating a whole food diet.  This episode is jam packed with great information that is easily digestible and ready for you to implement  into your everyday life! Don't believe it? Then listen along and find out at the end!Also, as promised. We have included the link to more information on the 3rd party testing of supplements that we discussed during the episode https://aimeehealth.ai/independent-supplement-testing/Michelle's Social media  and 28 day challenge Instagram@imperfectly_nourishedhttps://www.instagram.com/imperfectly_nourished/FacbookImperfectly_nourished https://www.facebook.com/ImperfectlyNourished 

Scotty is back with another episode of Slasher Scotty and his guest is none other than Russell Sage Patrick, who played M.D. Geist in Heavy Duty Man. Russell discusses with Scotty his character's backstory, how he brings real emotions into his scenes from personal events in his life, advice to donating to an Indiegogo crowdfunding campaign, and much, much more. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/slasherscotty/support

Reuse, Repurpose, Restore features three brilliant creatives who all believe that well-made things are precious. Each takes a unique approach to designing sustainably, from "closing the loop" through a love of antiques to working with salvage. It's a fascinating episode with plenty of thought-provoking insights and ideas to inspire. Our conversation offers a truly high/low mix, spanning from cooking on wood and the joy of insects to new ways of thinking and concepts of living.Meet the guestsPassionate eco designer Sebastian Cox makes beautiful wooden furniture. He recently embarked on a renovation in Margate, with the aim to reuse as many of the materials as possible. Seb's enthusiasm for craftsmanship shines through in this episode, as he shares tales of his home and life with his wife Brogan and his young daughters.Russell Sage is best known for his work at The Goring hotel and Scotland's Fife Arms. He has been a passionate lover of antiques since he was a boy, and takes us on a wonderful journey through his career and style in this show. Maria Speake founded Retrouvius with her husband Adam Hills and together they could be considered as the pioneers when it comes to the use of salvage and reclamation in design. Maria generously opens up her home and her design notebook in this episode, sharing what works for her family and offering inspiration and ideas to take away for your own projects. About this podcast The Well-crafted Life is brought to you by Homes & Gardens, hosted by Sarah Spiteri and edited by Matt Gibbs. This episode was sponsored by Martin Moore. See acast.com/privacy for privacy and opt-out information.

Hello Capital Region! This is the Hudson Mohawk Magazine on WOOC-LP 105.3 FM Troy and WOOS-LP 98.9 FM Schenectady broadcasting from The Sanctuary for Independent Media in Troy. Today, on the Hudson Mohawk Magazine, We start off the show with two interviews by the Water Justice Leadership Fellows. First, they speak with Heather Bruegl, Native American Historian & Director of Cultural Affairs for the Stockbridge Munsee Community. Then, we’ll hear their conversation with Mistah Jayohcee, an artist, activist, performer, songwriter, producer, engineer, and promoter. After that, HMM’s Corinne Carey speaks with Renee K. Panetta, Troy's Recycling Coordinator, about the city’s 10-year Comprehensive Recycling Plan. Then, WOOC Producer Elizabeth Press speaks with Mark Emanatian, the director of the Capital District Area Labor Federation, about food insecurity and mass food distribution in the Capital Region. And to close out the show, Russell Sage students continue their reflections on the Roaring 20s from 2020. This episode will focus on views on race in 1920’s literature. But first, here are the headlines.

The economy can’t stay closed forever. And when it reopens it might not open all at once everywhere. Many experts now are beginning to believe that real estate will lead a resurgence that could impact the entire economy. What shape will it take? We are joined today by my good friends Tom Zeeb and Mark Dolfini. These are high volume investors from Washington DC and Indianapolis respectively and they will weigh in on this important topic.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.   Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438 Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.” Russell Sage, American Financier and Politician

We interview Karthick Ramakrishnan a professor of public policy and political science at the University of California, Riverside, and founding director of its Center for Social Innovation. He is also a Board Member of The California Endowment, Chair of the California Commission on APIA Affairs, and Director of the Inland Empire Census Complete Count Committee.  The US Census is currently underway during the COVID-19 crisis and many experts are worried that a true count will be made increasingly more difficult. Karthick makes it clear why the Census matters for each state and nonprofit, regardless of industry.    About Karthick Karthick Ramakrishnan is professor of public policy and political science at the University of California, Riverside, and founding director of its Center for Social Innovation. He has published many articles and 6 books, including most recently, Framing Immigrants (Russell Sage, 2016) and The New Immigration Federalism (Cambridge, 2015), and has written dozens of opeds and appeared in over 1,000 news stories. He was recently named to the Frederick Douglass 200 and is currently finishing a book entitled Citizenship Reconfigured (Cambridge, 2020). He holds a BA in international relations from Brown University and a PhD in politics from Princeton. Ramakrishnan is also a Board Member of The California Endowment, Chair of the California Commission on APIA Affairs, and Director of the Inland Empire Census Complete Count Committee. Ramakrishnan directs the National Asian American Survey and is founder of AAPIData.com, which publishes demographic data and policy research on Asian Americans and Pacific Islanders.   

The boys spend the show today reacting to the Wolves making the blockbuster trade bringing in D'Angelo Russell and ridding themselves of Andrew Wiggins. We open the show joined by Jim Petersen to discuss the big trade by the Wolves today (1:00). We close out the first hour with some quick reaction from callers (47:00). Hour Two kicksoff with Sage Rosenfels joining for his weekly Sage Football Wisdom (59:00). We close out the show with more reaction to the Wolves trade and some mock drafts (1:26:00).

Henry Elder joins us today to talk about how real estate, one of the oldest forms of investing – around since practically the dawn of human civilization – is getting a fresh coat of paint through the application of blockchain technology and cryptocurrency. Topics Covered in this Conversation with Henry Elder: – Real estate as the ultimate imperishable good – Real estate has built in scarcity – What does it mean to tokenize real estate – Why does real estate need blockchain technology and cryptocurrency – Pain points and friction in the system – Real estate is rooted in the past – How real estate differentiates between haves and have-nots – How tokenization creates liquidity in the market – Initial customers will be institutional investors – Tokenization of a real estate property in New York – Complexity of global market and tax implications for overseas investors – Crossing the educational hurdle – Dealing with the high international demand for us real estate – Maturation of investors regarding blockchain technology – Real estate tokens are securities in terms of regulatory framework – How he fell into the rabbit hole of real estate blockchain – A generational way to change the way people invest in real estate – Examples of real blockchain deals to date in real estate – The Two Token Waterfall – Still in the realm of the theoretical – Fractional ownership vs. fractional investing – Putting deeds on the blockchain – Real estate is an archaic industry – Level of efficiencies from blockchain technology – Closing thoughts Questions and Comments? podcast@gem.co Guest Contact Information Henry Elder LinkedIn | Twitter | Telegram Website: Digital Assets Advisors Resource Links: The Current State of Real Estate Tokenization History of Real Estate Understanding Illiquidity in Real Estate Investing The Tokenization of the St. Regis Resort The Tokenization of a $30 Million Manhattan Real Estate Property Harbor Launches Platform for Tokenizing Private Securities with $20 Million Tokenization of Real Estate This Manhattan Real Estate is Already Tokenizing Property on Blockchain Real Estate ICOs Are Moving In, But Investors Aren’t Floored Transcript: Chitra: Henry, welcome to the program.   Henry: Thank you so much for having me. It's great to be here.   Chitra: It's great to have you. So I would open, I don't know why this show is making me want to use quotes, so I'm going to use a couple of quotes here. The first one is by Russell Sage, the American financier and politician. And he says "real estate is an imperishable asset ever increasing in value. It's the most solid security that human ingenuity has devised, it's the basis of all security and about the only indestructible security". Why is real estate considered a security?   Henry: Well, if I can respond in a quote, Mark Twain said, "Why real estate? Because they're not making any more of it, right?” That's why it's so secure. It is the ultimate imperishable good. There's not going to be any more real estate made. The real estate that you own will be the only real estate that ever exists there for all-time, right? Unless you build up. But the potential to build up on a piece of land just gives that land more value.   So he uses security in that sense and it kinda sounds like he's talking about investable securities, but I really think that he's talking about the security of, what's the word that I'm looking for? Bitcoin has the exact same characteristic in that it's scarce, it's scarce.   Chitra: So there's built in scarcity.   Henry: Yes, there is, it's the original built in scarcity. They're not making any more of it.   Chitra: So what does it mean then to tokenize the security?   Henry: So basically it means that you're taking the ownership interest, you are putting that ownership interest in some sort of a company and you're selling ownership of the company. And instead of investors taking that ownership interest in the form of a paper share, like you typically do, you're taking it the form of a token running on the blockchain.   Chitra: So I want to go to my second quote here, which is from President Franklin Roosevelt, and he says "real estate cannot be lost or stolen, nor can it be carried away, purchased with common sense, paid for in full and managed with reasonable care. It is about the safest investment in the world." If that is the case, why do we need blockchain technology and cryptocurrency to secure this form of real estate? What are the pain points? What's the friction in the system now? And how does blockchain technology make it safer?   Henry: So let's get back to that idea of security that the first quote brought up. It's sort of like Troy and the Trojan horse. Real estate is such a secure investment and the people who have been investing in real estate are so secure in that scarcity that they allowed in this Trojan horse of complacency thinking that look, I don't really have to worry about what goes on in the world outside. As long as I own this real estate, I'm secure.   And the problem is that the rest of the world continue to advance. And we live in this highly digital, instantaneous world now. Whereas real estate is stuck with these paper processes that are mired in the inefficiencies and a high friction of the 1950s. I mean, you could go back five, six, seven decades and talk to somebody who works in real estate back then and they would recognize nearly all of the processes that we're transacting real estate with today. It hasn't changed.   And so if you are, it's basically you divide it now between the wealthy and not wealthy. And if you're wealthy, you can go out and just purchase real estate wholesale or you can become an investor in a syndicate. And to invest in a syndicate you usually need to have in the order of hundreds of thousands of dollars at a minimum. And if you're not wealthy, your options are either crowdfunding or REITs (real estate investment trusts). And crowdfunding is not liquid and REITS, which are actually the only one of those four that I just said, buying real estate outright, investing in a syndicate and crowdfunding and REITS, REITS are the only one that's actually liquid. But the problem is that REITS are a cumbersome and expensive way to access the market for the people who actually own the real estate.   And so the only types of deals that you see hitting the market are very large deals on the order of hundreds of millions of dollars or more.   Chitra: So how does tokenization solve this problem and what does it mean to tokenize this real estate in that context?   Henry: Sure. So going back to what we were talking about before, it's you're taking the ownership of a company that owns the real estate. And this is totally normal in the real estate process. Typically if you're buying real estate, you're buying it through some sort of company. You control, if you're buying the real estate yourself, you spin up a completely new company. You create a new company, it's called a single purpose entity. And that company purchases the real estate and that company's name is what's actually on the deed. And then you own 100% of the company.   When we're tokenizing it, what we're doing is we're taking that ownership of the company and we are a encoding it into blockchain tokens and then selling those to people. In that process, what you're basically doing is you're combining the best parts of a REIT and the best parts of crowdfunding and mashing them together and creating a more efficient, less expensive process for you to access investors that's still liquid.   Chitra: And is this true for retail investors or is this primarily for institutional investors?   Henry: So it's true for both. The the adoption of this, I think, will primarily be driven by institutional investors because the companies that are doing this, that are sort of paving the way here are taking a lot of risk, right? They're trying a new technology. They're blazing a path, as they say, the pioneers take the arrows. And the safest investor for them to target first is the institutional investor.   There's a saying in the crowdfunding world, that's basically the guy who puts in $100 into your crowdfunded deal is going to be the most expensive client that you've ever acquired. Because those people, there's such a high level of education and customer service basically that they require, because they're not familiar with the tenets of investing. Whereas when you go and you find an institutional investor, they know how real estate investing works and they'll probably leave you alone for the most part to go do your thing.   So a lot of these people that are sort of blazing the trail with tokenization, I think they're probably going to be pursuing those institutional or high net worth investors first. However, the pipeline that they're creating, the technological rails effectively that they're creating to be able to do that, can easily start onboarding more retail investors once those companies have reached the size where they can deal with those investors.   Chitra: You've said to me before that tokenization is going to both globalize and democratize the real estate investing process. How is that going to happen? Especially the globalization piece?   Henry: Sure. So the globalization piece is particularly exciting for me. Earlier at the beginning of last year, actually spring of 2018, I was part of a team that tokenized a commercial real estate property in New York. And we took a $5,000,000 piece of that property and we sold it to international investors. We did that basically to prove the concept that you could use the blockchain to more easily access these investors and to allow them to more easily access real estate here in the United States.   Chitra: And how did you do that? Just simply, what was the process?   Henry: So that process, this was a little bit complex. It's interesting because, so first of all we had to build, we had to create that special single purpose entity. But the problem is that when you have international investors, they're subject to all kinds of different tax laws when they're investing in domestic US real estate. And so you have to build somewhat of a complex offshore structure in order to shield them from the effects of those tax regulations.   And so we had to build that whole structure. And then we had to go out and find these investors. Since we were one of the first people to do this there was a high educational hurdle that we had to surmount in order to get them to come on board. It's sort of funny because what we eventually ended up doing is, first of all the thesis that there is this massive unattended demand offshore that is trying to access US real estate, but that is unable to for whatever reason was proven out because every investor that we talked to was like, I want to invest in that real estate. I want to be part of this deal.   But nearly everyone that we talked to got hung up on the blockchain part of it because in early 2018 everyone was still thinking about ICOs. Everyone was still thinking about exchanges getting hacked. And Bitcoin being used for money laundering and human trafficking and whatever. And they didn't understand that the underlying technology was completely different. I mean, people get scanned on the internet all the time. That doesn't mean that email is not a good form of communication. But that connection was not there yet.   And so a lot of our investors just ended up coming in a without really caring about the blockchain side of it. Even though it did make it easier, not a lot of them realize that they were just like look, you're selling US real estate. I want real estate, US real estate, let's do it.   Over the past several months we've started to see that conversation change and we've started to see a maturation in those investors understanding of the differentiation between blockchain and ICOs and whatever stuff they're afraid of that's going on with Bitcoin or whatever, all of which I think is unfounded anyways.   Chitra: So when you do the tokenization, does that consider it a form of security?   Henry: Absolutely.   Chitra: And that's different from the traditional ICO, the utility tokens and things like that. So what's the legality of the stuff? Is it going to fall under the same kind of regulatory hurdles that have confronted utility tokens and ICOs?   Henry: It will fall under them in a different way. The difference is that ICOs and utility tokens primarily we're trying to argue that they were not securities and the SEC disagreed with quite a few of them and said no, these actually are security.   Chitra: And therefore should be regulated by the SEC or else they're illegal.   Henry: Exactly. They should be regulated by the SEC. They should either be registered with the SEC or they should comply with the registration exemption, which is also a controlled by the SEC.   The difference is that security tokens, whether they're real estate or art or equities or debt or whatever they are, from the get go we said are securities and therefore they will comply with all of the necessary SEC regulations that regulate securities. And so there was no are we security, are we not a security, but it's just these are securities and we're going to do everything that security is needed to do.   Chitra: So in terms of legality, people can feel free to invest?   Henry: 100%. They're totally legal. It's exactly the same thing as when you go on, trying to think of familiar crowdfunding websites. I know all the real estate ones. There's Fun Rise and Realty Mogul and Peer Street. And then on the other side of the equation, there's Start Engine. Indiegogo I think also does regulated crowdfunding. Those are all completely legal and those all fall under registration exemptions for crowdfunding, for accessing retail investors without having to go through the incredible hurdles of doing a full IPO.   Chitra: So how did you get involved in all of this, because I know you were kind of going about your own way and all of a sudden you saw the light on all of this real estate and tokenization and then you kind of went down the rabbit hole and then you said oh, I'm giving everything else up and this is my life. Talk a little bit about how that happened.   Henry: Yeah. And I did that after the market started going down. At the beginning of 2018 I was like, you know what, now's the time for me to jump in full-time. And I haven't looked back. I've loved it. But, so 2017 I think three security token issuances, Blockchain Capital, maybe there were four, but Blockchain Capital, Protose, Science Blockchain and I can't remember if Spice VC was 2017 or early 2018.   But so those sort of said all right, this is possible. But nobody really caught on because ICOs were going crazy and people were just making insane amounts of money in this more unregulated market. It wasn't until early 2018 that I saw real estate security token offerings starting to come down the pipeline. And the first one I saw was Slice. And so hopped on the Slice team [crosstalk].   Chitra: And you were in real estate at the time?   Henry: I was in real estate. I was working at a private equity fund in Beverly Hills doing value add commercial real estate deals all over the country. Which means that we would work with a real estate owner who wanted to buy a 200 unit apartment building and fix up all of the apartments and then sell it three years later for more money. I mean, it's the same thing as if you have a house and you fix up the the kitchen, right? You put in a new kitchen for $20,000 and the house was worth $50,000 more, right? Exact same thing just on a larger scale.   Chitra: But then you got involved in the whole tokenization piece.   Henry: Right.   Chitra: So what was the light bulb moment?   Henry: So the light bulb moment was a little bit something that's somewhat a little bit personal to me. And then also just the incredible opportunities in the blockchain space. But my family's been in real estate in Los Angeles for four generations.   Chitra: Wow.   Henry: And so real estate is something that I was always going to go into. I was doing this job, I was loving it, I was really good at it, but as I got further and further down in the blockchain rabbit hole, I was like wow, this technology and the protocols that underlie it are basically providing us with a new opportunity for humans to change the way that they interact in a business sense. And that presents a generational opportunity for us to change the way that people do real estate. And there was no way that I was going to be able to be a part of that conversation unless I just jumped in feet first.   I loved what I was doing beforehand, but it's something that I would have just done for the next 40 years and nothing would have changed. Or if it changed, it would have changed without me. And if the conversation was going to change, if it could change, I wanted to be a part of that. I wanted to be a driving force behind that.   Chitra: Now you try, you successfully did this New York deal to show that this is possible, but it seems like a lot of this stuff is still very much esoteric in the realm of the theoretical. How many real deals that have gone down using blockchain technology and real estate and where do you kind of see, what's the trajectory for this?   Henry: Yeah. So with blockchain and real estate, I think that ours was the first, the Slice deal. But then there were a couple of follow ons. There was the St. Regis deal, the St. Regis resort in Colorado, they tokenized $18,000,000 and sold that to a syndicate of investors. And then this group out of New York called Propeller teamed up with Air Swap to create a platform called Fluidity. And they created this two token waterfall basically taking the real estate capital stack and slicing it up in this innovative way. Because typically real estate is debt and equity. And then there are different ways that you can sort of cut that up, right?   With debt, you can have mezzanine debt, you can have junior debt. With equity, you can have preferred equity, you have common equity, you have LP equity, you have GP equity. What each of them are isn't pertinent to this discussion. But what Propeller realized is that with tokenization, since you're changing the way that people do business and you're opening their mind up to different ways of doing things, you could take those different pieces of the capital stack and combine them in ways that hadn't been done before.   And they demonstrated this with their white paper called the Two Token Waterfall. And then they put it into practice on a condo project in New York for I think it was $30 million dollars, which I thought was super interesting. And then another group, Cold Harbor did a $20,000,000 tokenization of a student housing property in South Carolina. And so all of those were I think in the second half of 2018. And in total, I mean, that's like what, $100 million less of, of deals.   So like you said, we still are sort of in the realm of the theoretical. Here are people who have done this, but they've been typically just single asset tokenization and they've been fairly small on the grand scheme of things. And so a lot of the benefits that tokenization can offer have not been fully realized yet because we don't have a large enough market to realize those things.   Chitra: So I don't want to go too in the weeds, but I think maybe we should talk a little bit about the difference between fractional investing, which I guess this falls under and fractional ownership, right? There's two different things. So is it relevant and is it important for people to understand the difference and the context?   Henry: Yes. So that's an interesting conversation because like you said, what we're talking about right now is fractional investing. And when you hop on Crypto Twitter or a Medium Post, a lot of them talk about how they're excited about the advent of fractional ownership. But that is very different in the context of real estate.   Ownership means that your name is on the deed right? It means that you are the owner, you're not an investor, you're not somebody who just put in money to see that money grow and get it back. You are the person who's making the money grow. And the difference particularly in real estate in the US is that if you are the owner and you make a bunch of money on a real estate project, then you can sell that project, take all the money that you made and use it to buy another project and you don't have to pay taxes on that, but you can only do that... You do have to pay taxes eventually, but you can basically continue doing this process and defer your taxes forever.   Chitra: Indefinitely, yeah.   Henry: You could do it until you die and then your children will inherit all of that property at a stepped up basis and all of it is wiped out. They never have to worry about that deferred tax bill. And this is all... do your own research. I'm not an attorney and I don't want anybody to jump in the real estate space and come back to me later.   Chitra: We're not in the advice business.   Henry: But that can only happen if you are an owner of real estate. It doesn't happen if you're an investor. And in real estate, there's two ways of ownership. There is direct ownership and there is tenant and common ownership. In order for that to happen in the tokenized world, what you need to start doing is representing deeds on the blockchain. And once we start doing that, that opens up a fascinating new world of real estate investment and ownership.   And there are people who are working on that, on putting title on the blockchain, but it's a long process. If I think real estate is archaic, I mean title is the most archaic part of it. I mean it's literally like, so title insurance, which I'm sure you're familiar with, there are these title companies, right? And these title companies maintain a record of the ownership for a bunch of different properties. And they work in concert with the county recorder's office, which holds the original record, but the title companies have had their records as well.   And what you're basically doing is you're paying the title company insurance against the fact that their record is wrong. And it's because this is a paper-based, high friction, manually verified process. It's totally ripe for disruption. But you have this mix of public, private, which is very difficult to, you've just got a lot of bureaucracy that you have to like weed your way through in order to start moving title onto the blockchain. But once it happens, you do open up that form of fractional ownership.   Chitra: So I guess to sum up, no area of investment is probably better suited for innovation like real estate and could really use the benefits of blockchain technology. But given how archaic everything is, it could take a while.   Henry: It could take a while.   Chitra: You could be a gray beard by the time it actually [crosstalk].   Henry: I love that, that term gray beard. But I certainly hope that I'm not, although I already have quite a few gray hairs, I'm very proud of them.   Chitra: All brought on by this.   Henry: Yeah. And I'm also like almost entirely incapable of growing a beard. I've tried several times. It's not something you want to see. But I would like to think that once people start to see the efficiencies, and was actually just talking about this yesterday at a real estate conference. I don't think that blockchain is necessarily going to give us 10x or 100x process efficiencies in real estate. But I am absolutely 100% certain that it will give us 5%, 10%, 15% efficiencies. And when you extrapolate that across the hundreds of trillions of dollars of real estate across the globe, that's a massive amount of money. That is huge. Like unfathomably huge.   And so once people start to realize that and they see oh wow, I can do this 10% better, I think the change is gonna come pretty quickly. The title thing is different, but the transactional part of it, tokenizing securities in real estate, I think that once you hit that hurdle of terminal velocity, I mean it's just like, it's going to go crazy from there.   Chitra: Great. Do you have any closing thoughts or key takeaways for people?   Henry: Yeah. I mean, number one is I jumped into this space eight or nine months ago and it feels like it's been multiple lifetimes. But I have to say I could not be happier that I did that. You hear a lot, like you'll go on YouTube and you'll see influencers and whatever and they're like oh, quit your job, blah, blah, blah, you'll be fine. And it's really difficult to make that leap and be like oh wow, maybe I really should do this thing.   But if you create a plan, save some money and you have something that you know you're really good at and you think it's gonna change the world and you can make a difference, I would definitely say, maybe you don't have a mortgage and you don't have kids. I noticed that I do, I do have those benefits. Then go for it. Go for it. There's no better time than now. And if you want to change the world then you should probably start yesterday because either you do it or somebody else is going to do it and you're just going to get left behind. And it's better to just be a part of that.   And so yeah, I'm happier than I've ever been and super excited to be a part of what's going on in this space.   Chitra: That's great to hear. That's a great closing thought. Where can people learn more about you and the work that you're doing?   Henry: Oh sure. On LinkedIn, I'm LinkedIn/in/henry_elder. And then my company's website, which is www.digitalassetadvisors.io or daa.ninja if that one's too long.   Chitra: Awesome. Thanks so much. Great having you.   Henry: Thanks Chitra. Yeah, awesome to be here. Thanks.

On this episode Lans is joined by Ivy Rivera, the hot new personality from BK and DJ GetLive! who is murdering the NYC party scene as well as producing. Later in the pod, we introduce the 4-Point Play where we sit with Russell Sage alumni Robbie Fingers and discuss his Hooded Carmelo Anthony New York Knicks jersey which went viral days before the big trade to the OKC Thunder.

„The People of New York will never go into a hole in the ground to ride!“ – war sich Russell Sage, amerikanischer Unternehmer und Politiker, Anfang des 20. Jahrhunderts ganz sicher. Dennoch bahnten sich die ersten U-Bahn-Züge 1902 in Berlin und 1904 in New York unterirdisch ihren Weg. Die subterrane Infrastruktur ermöglichte nun – für die oberirdische sichtbare Stadt auf den ersten Blick nicht wahrnehmbar – die Zirkulation von Menschenmassen. Die Stadt wurde vernetzt. Doch der Stadtraum erfuhr auch eine Dopplung. Die Oberfläche verlassend, betreten wir heute einen inkludierten und zugleich abgegrenzten Raum: den Untergrund. Er gehorcht eigenen Gesetzmäßigkeiten, aus denen wiederum spezielle Praktiken und Empfindungen resultieren. Rechts stehen, links gehen, wartend den Blick auf den Boden, die Anzeigetafeln oder das Smartphone gerichtet. U-Bahn fahren liegt uns im Blut, der Umgang mit ihr ist zur Intuition geworden – wir haben die Evolutionsstufe des Passagiers erreicht. Warum die U-Bahn mehr als nur Transportmittel ist, wie diese Entwicklung ihren Anfang nahm und wie die Reise weitergeht, sind nur einige unserer Bau- bzw. Haltestellen in der 37. Ausgabe der Kulturwelle. In den Hinter- des Untergrund begleiten wird uns Dr. Stefan Höhne vom Center for Metropolitan Studies der TU Berlin. Mit ihm erkunden wir die U-Bahn zwischen utopischem Traum und zurichtender Maschine, zwischen Spiegel der oberirdischen Gesellschaft und unsichtbarem Motor der Stadt.

Bonus Episode!On April 24, leaders of several major local arts institutions offered their thoughts on how their organizations had been impacted by the economy and discussed their vision for the future of the arts in the Capital District.Co-sponsored by The Record and The Saratogian, the event took place at the The Meader Little Theatre on the Troy campus of Russell Sage.Panelists include:• Peter Lesser, executive director of The Egg in Albany;• Philip Morris, CEO of Proctors in Schenectady;• Dr. Susan Scrimshaw, president of The Sage Colleges in Albany and Troy, which includes The Theatre Institute at Sage under the umbrella of the college’s Department of Arts and Letters, and;• Marcia White, producer and executive director of the Saratoga Performing Arts Center in Saratoga Springs.Bob Goepfert, content coordinator for weekender, the weekly joint entertainment product published by the two newspapers, moderated the discussion.Music for this episode was provided by Kevin MacLeod.DOWNLOAD THE EPISODE

von Russell Sage (Australien) https://www.sageintmin.org/ 1Kor 11,17-34; eng/ger