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Today we are thrilled to kick off the first COBT episode of 2025 with our good friend Rob West, Founder and Lead Analyst at Thunder Said Energy. Rob started Thunder Said in 2019 and provides unique, thought-provoking, and economic-driven insights into energy transition research and technologies. He is a long-time energy analyst and previously built and led the energy practice at Redburn and served at Sanford C. Bernstein and Partners Capital before launching Thunder Said. This episode marks Rob's fifth appearance on COBT; he most recently joined in January 2024 (episode linked here). We were delighted to connect with Rob to reflect on 2024 and explore what the future might hold for energy in 2025. Rob has now kicked us off in 2022, 2024 and 2025. This may be becoming a tradition! We covered a lot of territory in our conversation starting with Rob's musings on trying to define what energy transition actually means, how the world's current focus on avoiding catastrophe needs to be replaced with more aspirational visions of human progress, the role of policy, subsidies, and competitiveness, the need for energy abundance to support human development, and the risks of pursuing costly and ineffective strategies that fail to achieve their objectives. Rob shares his perspective on how energy affordability and economic competitiveness influence voter behavior and government policy shifts, how shifting geopolitical dynamics are shaping global energy strategies, the potential for AI to enable breakthroughs on everything from materials value chains to DAC, the geopolitical situation in Estonia, and the broader implications of Russian aggression. At one point Rob observes “the West is already at war, it just doesn't admit it because of the implications.” We discuss the importance of assigning real weight to geopolitical risks in energy forecasts and market strategies, Rob's “F-U” Recession Scenario where countries retreat from global trade and cooperation leading to disruptions in energy and other value chains, and Texas's continued role as a hub for energy innovation and growth. We ended by exploring the global bottleneck in moving energy from where it's created to where it's needed, growth opportunities in utilities and midstream, the increasing volatility in energy systems, the concept of the “third great energy transition” with semiconductor technologies, and much more. As mentioned, Rob's “Energy Transition: Classic Blunders” video from December 2024 is linked here. We can't thank Rob enough for sharing his time and thoughts with us today to kick off the year in style. Mike Bradley kicked us off by discussing the performance of bonds, commodities and equities since our last COBT on December 17th with Dr. Steven Koonin (episode linked here). He noted that the 10-year bond is currently yielding ~4.65% (up from ~4.4%) which is a Trump post-election high and a one-year high. The FED cut interest rates 25-basis points at their last FOMC Meeting, and bond trader consensus is now in the camp that there'll only be two additional interest rate cuts in 2025. On the broader equity market front, the S&P 500 has taken a bit of a breather (down ~1%) with the Energy (+2%) and Technology (+1%) sectors outperforming. On the crude oil market front, WTI oil price has rallied ~$4/bbl (to ~$74/bbl) and has pushed above its recent narrow trading range of $68-$71/bbl. Crude oil trader sentiment heading into 2025 continues to be mostly bearish, even though WTI time spreads having recently spiked, which could be signaling a tighter physical oil market. He further noted that Saudi seems to be getting more constructive on crude oil given that it raised its official selling price to Asia for the first time in three months. Global oil prices also seem
On today's episode, Clay is joined by Adam Seessel to discuss the developments of Big Tech over the past couple of years. Adam is an investor in Alphabet and Amazon, and in this discussion, he shares his updated thoughts on the two since he published his book, Where the Money Is, back in 2022. Adam began his investing career doing research for Sanford C. Bernstein, Baron Capital, and Davis Selected Advisors. After these stints, he started his own firm, Gravity Capital Management. Since beginning a track record in the mid-2000's he's beaten the S&P 500. He's been a contributor for financial writing in Barron's and Fortune. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:47 - Adam's key realizations as a value investor over the past 20+ years. 13:36 - How the concept of intrinsic value can help anchor us in reality even though it's just a mental model we use to evaluate businesses. 27:37 - Adam's updated views on Alphabet and Amazon since he published his book in 2022. 47:40 - Adam's approach to taking advantage of the AI wave without paying hefty valuations. 54:01 - Why Progressive Insurance is dominating the auto insurance space. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Adam's Book: Where the Money Is. Follow Adam on LinkedIn. Related Episode: Listen to TIP465: Value Investing in the Digital Age w/ Adam Seessel. Join our highly vetted community of value investors here. Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fundrise 7-Eleven The Bitcoin Way Onramp Public Vanta ReMarkable Connect Invest SimpleMining Miro Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
PUBLIUS SPECIAL GUEST: Kenneth Abramowitz, author of The Multifront War: Defending America From Political Islam, China, Russia, Pandemics, and Racial Strife. Ken is the founder of savethewest.com, a website dedicated to saving Western Civilization from itself. America is fighting a major international war, says the author. Yet, the country does not really know it. Moreover, the war is being waged on a multitude of distinct fronts—both internal and external. The United States is wholly unprepared to fight a unified battle. Threat analyst Kenneth Abramowitz carefully takes us through the first step—recognition. He then ushers readers into the bold realm of mounting a multifaceted defense that will save America as a Democracy with the capacity to continually improve and thrive. PLUG BOOK: The Multifront War: Defending America From Political Islam, China, Russia, Pandemics, and Racial Strife BIO: Kenneth Abramowitz, author of The Multifront War: Defending America From Political Islam, China, Russia, Pandemics, and Racial Strife, is a Managing General Partner and co-founder of NGN Capital, a $450 million worldwide healthcare venture capital fund. He joined NGN from The Carlyle Group in New York where he was Managing Director from 2001-2003, focused on U.S. buyout opportunities in the healthcare industry. Prior to Carlyle he was a healthcare analyst for Sanford C. Bernstein & Co. for 23 years, 1978-2001. He was awarded the Number 1 analyst in Medical Devices and/or Services for 15 years by the Institutional Investor magazine, which also placed him in the Wall Street Analyst Hall of Fame in 2009 with a rank of 15 out of 15,000 analysts. Kenneth has published several notable studies on healthcare service companies, major medical mergers and cardiovascular device innovation. He currently serves on the Board of Directors of Cardiovalve and Cerapedics. Ken has been a staunch supporter and contributor to various organizations that are fighting to preserve liberty and to protect Israel and America from Political Islam and the radical left. Mr. Abramowitz serves on the boards of the Israel Independence Fund, American Friends of Likud, and Israel Center for Social and Economic Policy (ICSEP). He is also active in 25 pro-Israel/America/Western civilization organizations. Ken is the founder of savethewest.com, a website dedicated to saving Western Civilization from itself. He is also Chairman of Citizens for National Security (CFNS), a Florida-based and
Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk by Philipp Carlsson-Szlezak, Paul Swartz https://amzn.to/3zruzcg An essential new guide to navigating macroeconomic risk. The shocks and crises of recent years - pandemic, recession, inflation, war - have forced executives and investors to recognize that the macroeconomy is now a risk to be actively managed. Yet unreliable forecasting, pervasive doomsaying, and whipsawing data severely hamper the task of decoding the landscape. Are disruptions transient and ephemeral—or permanent and structural? False alarms are costly traps, but so are true structural changes that go undetected. How can leaders avoid these macro traps to make better tactical and strategic decisions? In this perspective-shifting book, BCG Chief Economist Philipp Carlsson-Szlezak and Senior Economist Paul Swartz provide a fresh and accessible way to assess macroeconomic risk, and a corrective to prevailing thinking and practice. Casting doubt on conventional model-based thinking, they demonstrate a more powerful approach to building sound macroeconomic judgment. Using incisive analysis built upon frameworks, historical context, and structural narratives - what they call "economic eclecticism" - the book empowers readers with the durable skills to assess continuously evolving risks in the real economy, financial system, and the geopolitical arena. Moreover, the authors' richer and more nuanced approach reveals that the all too common narratives of economic collapse and decline are often false alarms, while the fundamental strengths of our current "era of tightness" become visible. With rational optimism rather than gloom, Shocks, Crises, and False Alarms speaks to the key financial and macroeconomic controversies that define our times - and provides a compass for navigating the macroeconomy. Rather than relying on blinking dashboards or flashy headlines, leaders can and should judge macroeconomic risks for themselves.About the author Philipp Carlsson-Szlezak is BCG's Global Chief Economist and a Managing Director & Partner in the firm's New York office. He is a regular contributor to Harvard Business Review, World Economic Forum Agenda, and other business publications. You can read Philipp's latest thinking in his Fortune column. Philipp was previously Chief Economist at Sanford C. Bernstein where he covered the economy and markets for institutional investors across the global asset management industry. Earlier in his career, he worked for the OECD and McKinsey & Company . Philipp studied at LSE and has a Ph.D from Oxford University.
Let our sponsor BetterHelp connect you to a therapist who can support you - all from the comfort of your own home. Visit https://betterhelp.com/bigthink and enjoy a special discount on your first month. Up next, 3 GAME THEORY TACTICS YOU NEED TO KNOW Three psychology and sociology experts, Robert Waldinger, Michael Slepian, and Richard Reeves come together in this compilation to discuss the psychology of loneliness and the way we can combat the “friendship recession.” It's 2024. It's harder than ever to foster deep connections with others. Everyone feels like they're missing out on friendships, and every day of isolation makes it even harder to escape the rut. From keeping secrets to workism, these experts are unpacking why we feel lonely and suggesting the ways we can combat it. They encourage us to reach out, be vulnerable, and prioritize our relationships, reminding us that we are not alone in our struggle and that meaningful connections are within reach. By following their advice, we can transform our social lives and experience the joy and fulfillment that come from true companionship. Understanding the root causes of our loneliness and actively working to build and maintain connections can help us break free from isolation and create a more connected, fulfilling life. ---------------------------------------------------------------------------------- Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ---------------------------------------------------------------------------------- About Robert Waldinger: Robert Waldinger, MD is a Clinical Professor of Psychiatry at Harvard Medical School, a practicing psychiatrist, psychoanalyst, and a Zen teacher and practitioner. For the last two decades, Waldinger has been the director of the Harvard Study of Adult Development. This study, conducted over more than 85 years, has analyzed the entire lives of 724 families to determine the activities, behaviors, and dynamics that enhance a person's life-long well-being. Waldinger has dedicated his career to examining these elements and discovering what brings true fulfillment to human existence. He is the author of several books, including his most recent, The Good Life: Lessons from the World's Longest Scientific Study of Happiness About Michael Slepian: Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia University. A recipient of the Rising Star Award from the Association for Psychological Science, he is the leading expert on the psychology of secrets and author of The Secret Life of Secrets. Slepian has authored more than fifty articles on secrecy, truth, and deception. His research has been covered by The New York Times, The Atlantic, The New Yorker, The Economist, The Wall Street Journal, the BBC, and more. About Richard Reeves: Richard V. Reeves is a senior fellow at the Brookings Institution, where he directs the Future of the Middle Class Initiative and co-directs the Center on Children and Families. His Brookings research focuses on the middle class, inequality and social mobility. Richard writes for a wide range of publications, including the New York Times, Guardian, National Affairs, The Atlantic, Democracy Journal, and Wall Street Journal. He is the author of Dream Hoarders (Brookings Institution Press, 2017), and John Stuart Mill – Victorian Firebrand (Atlantic Books, 2007), an intellectual biography of the British liberal philosopher and politician. A Brit-American, Richard was director of strategy to the UK's Deputy Prime Minister from 2010 to 2012. Richard is also a former European Business Speaker of the Year and has a BA from Oxford University and a PhD from Warwick University. Learn more about your ad choices. Visit megaphone.fm/adchoices
Investing continues to change -- we talk about Ben Graham's lessons from one particular investment, and where the money is in this new era for investors. Any stocks mentioned today, as always, are no recommendations; they are case studies or illustrations — please do your own research and/or talk to an advisor, please. My guest today is Adam Seessel. He is an author and professional investor with experience as an investigative reporter — which comes in handy in investing. He graduated summa cum laude from Dartmouth College and began his professional career as a newspaper reporter in North Carolina. In 1995, Seessel took his research skills to Wall Street. He worked for Sanford C. Bernstein, Baron Capital, and Davis Selected Advisers before starting his own firm, Gravity Capital Management, which manages money for high-net-worth individuals and institutions. In addition to running Gravity, Adam is a regular contributor for both Barron's and Fortune magazines. https://www.gravitypartners.com/ His book and this conversation made a big impact on me. I like the idea of getting a bargain deal when I shop for everything from shoes to stocks and beyond. Traditional value investing may be interpreted as static, the way Ben Graham bought cigar butt stocks, statistically cheap. Maybe we need a more dynamic view. Adam does an incredible job explaining the evolution of value investing and proposes a new perspective regarding the future. I know that Buffett changed and evolved as an investor; you'll see how Adam has, too; I have to admit that I'm the first to challenge my assumptions and see how I can continuously learn and adapt to the ever-changing world. Adam argues that money and investment opportunities might lie in the digital economy, and as long as investment principles remain the same, our methods might need to change. Adam is joining me from Manhattan, so don't be surprised if you hear some faint city sounds in the background, such as sirens and more. Please help me welcome Adam Seessel! Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. --- Send in a voice message: https://podcasters.spotify.com/pod/show/talking-billions/message
There are 38 kinds of secrets. The average person has 13 at any given moment. Michael Slepian explains how that can affect your health. We all have secrets. The average person has as many as 13 secrets at any given time. Usually, we hold secrets to protect something, such as our reputation or someone we care about. But this doesn't always protect what we hope to protect. Additionally, secrets can lead to loneliness and shame, which are particularly toxic to our health and wellbeing. ------------------------------------------------------------------------------------------- About Michael Slepian: Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He previously was a visiting scholar at Stanford University, and received his Ph.D. from Tufts University. He is an elected fellow of the Society of Experimental Social Psychology, has received the Rising Star Award from the Association for Psychological Science, and received the National Science Foundation Graduate Research Fellowship ------------------------------------------------------------------------------------------ About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business Learn more about your ad choices. Visit megaphone.fm/adchoices
33% of people cheat, and 77% of people want to know about their partner's infidelity. Would you tell your partner? Michael Slepian, an expert on secrecy, explains how. About one-third of people have committed infidelity at some point in their lives. If you're one of them, should you confess it to your romantic partner? One way to answer the question is to consider whether you would want to know if your partner had cheated on you: Surveys show that 77% of people would want to know, but that still leaves about a quarter of us who'd prefer ignorance. It's also worth questioning your own motives: Maybe you only want to get the secret off your chest to make yourself feel better. It's a difficult dilemma with no one-size-fits-all solution. But fortunately, as psychologist Michael Slepian explained to Big Think, recent research has been revealing insights on the nature of secrets, what happens when we harbor them, and how and when we should consider getting them off our chest. ---------------------------------------------------------------------------------- About Michael Slepian: Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He previously was a visiting scholar at Stanford University, and received his Ph.D. from Tufts University. He is an elected fellow of the Society of Experimental Social Psychology, has received the Rising Star Award from the Association for Psychological Science, and received the National Science Foundation Graduate Research Fellowship ---------------------------------------------------------------------------------- Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business Learn more about your ad choices. Visit megaphone.fm/adchoices
Columbia professor Michael Slepian collected thousands of secrets. They all had 3 things in common. How many secrets are you holding right now? If the answer is around 13, you're about average, according to research on the nature of secrets. Secrets aren't all bad. Some are rather trivial. But sometimes, keeping secrets can weigh us down and cause psychological distress. Michael Slepian, an associate professor at Columbia Business School, has spent years studying the nature of secrets, why we hold them, and which kinds of secrets people tend to deem the most serious. As Slepian explains in this Big Think video, his research has revealed that secrets can generally be sorted into three domains. Gaining a better understanding of your secrets can help you improve your well-being. ---------------------------------------------------------------------------------- About Michael Slepian: Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He previously was a visiting scholar at Stanford University, and received his Ph.D. from Tufts University. He is an elected fellow of the Society of Experimental Social Psychology, has received the Rising Star Award from the Association for Psychological Science, and received the National Science Foundation Graduate Research Fellowship ------------------------------------------------------------------------------- Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business -------------------------------------------------------------------------------- Discover Big Think | Smarter Faster™ Your top destination for expert-driven, educational content. Featuring thousands of episodes and insights from renowned figures like Bill Clinton to Bill Nye, Big Think accelerates your learning by delving into the pivotal concepts and essential skills shaping knowledge in the 21st century... Unlock Knowledge, Faster With Insights from the World's Leading Minds Remember to Follow the Podcast and Enable Notifications If you found this episode valuable, Share It Leave a 5-Star Review! Learn more about your ad choices. Visit megaphone.fm/adchoices
Pressure bursts pipes. Keeping a secret can do the same to your mind, explains Michael Slepian. Holding secrets can negatively impact your well-being. But how, exactly? For decades, psychological research suggested that people experience significant stress while hiding secrets from others during social interactions. But this explanation often doesn't feel right to people, notes Michael Slepian, an associate professor at Columbia Business School who has spent years studying the nature of secrets. Surveys suggest that it's actually pretty rare for people to find themselves in social situations where they have to actively conceal a secret they've never told anyone about. So, how are secrets harming us? In other words, the average experience of concealing a secret turns out to be an easy one. About Michael Slepian: Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He previously was a visiting scholar at Stanford University, and received his Ph.D. from Tufts University. He is an elected fellow of the Society of Experimental Social Psychology, has received the Rising Star Award from the Association for Psychological Science, and received the National Science Foundation Graduate Research Fellowship Learn more about your ad choices. Visit megaphone.fm/adchoices
Sallie Krawcheck is the CEO of Ellevest, a women's-focused investment platform she launched in 2016. The company has over $1.5 billion in assets under management with a goal to close the gender investing gap in the U.S. by “redefining investing for women.”Prior to launching Ellevest, Sallie had a successful career on Wall Street, serving as the CEO of Smith Barney, Merrill Lynch, and Sanford C. Bernstein. She also worked at Citi, first as the bank's CFO and then as its head of wealth management, a role she held until the 2008 financial crisis.She's been called the “most powerful woman on Wall Street” as well as the “Last Honest Analyst” by Forbes Magazine.*The Founder Hour is brought to you by Outer. Outer makes the world's most beautiful, comfortable, innovative, and high-quality outdoor furniture - ALL from sustainable materials - and is the ONLY outdoor furniture with a patented built-in cover to make protecting it effortless. From teak chairs to fire pit tables, everything Outer makes has the look and feel of what you'd expect at a 5-star resort, for less than you'd pay at a big box store for something that won't last.For a limited time, get 10% off and FREE shipping at www.liveouter.com/thefounderhour. Terms and conditions apply.
Have you ever wondered why we keep secrets, and what motivates us to spill them? Tune in for an inspiring discussion with Michael Slepian, PhD, as we discuss his new #book The Secret Life of Secrets: How Our Inner Worlds Shape Well-Being, Relationships, and Who We Are. #MomentsWithMarianne with host Marianne Pestana airs every Tuesday at 3PM PST / 6PM EST and every Friday at 10AM PST/ 1PM EST in the Southern California area on KMET1490AM & 98.1 FM, ABC Talk News Radio affiliate! Not in the area? Click here to listen! https://tunein.com/radio/KMET-1490-s33999/ Michael Slepian, PhD, is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia University. A recipient of the Rising Star Award from the Association for Psychological Science, he is the leading expert on the psychology of secrets. Slepian has authored more than fifty articles on secrecy, truth, and deception. His research has been covered by The New York Times, The Atlantic, The New Yorker, The Economist, The Wall Street Journal, the BBC, NPR, and more. https://michaelslepian.comFor more show information visit: www.MariannePestana.com
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, discusses oil price outlook ahead of OPEC+ meeting. He spoke with hosts Bryan Curtis and Paul Allen on "Bloomberg Daybreak Asia."See omnystudio.com/listener for privacy information.
Sallie Krawcheck holds the world record for being fired the most times on the Wall Street Journal. She is also one of the most powerful and influential people on Wall Street, currently serving as CEO of an investment platform that manages over $1.5 billion in assets. By viewing success and failure as two sides of the same coin, she has overcome what few of us are capable of.Sallie is a Wall Street legend, an author, and the co-founder and CEO of Ellevest, a digital investment platform built for women. Over the last 30 years, she has continuously broken barriers on Wall Street, navigating high-profile leadership positions at companies like Citigroup, Merrill Lynch, and Smith Barney (now Morgan Stanley).In this episode, Sallie talks about how she went from a rocky and emotionally-scarring start on Wall Street to the “Eureka!” moments that defined her career. She dissects what to do when facing constant rejection, the significance of outworking others, and how to rank learning, money, and passion when it comes to work. She also discusses the importance of proactively supporting and advising others, navigating office politics as a woman, and why success and failure are two sides of the same coin.Topics Include:- The most important relationship a professional woman can have- How one person led Sallie to realize her potential- Working for money vs. passion- Biases against women and minorities in the workplace- Sallie's world record- Why you shouldn't be the smartest person in the room- How job candidates can separate themselves from the competition- The #1 unwritten rule of success in business- And more… Sallie Krawcheck is known as one of the most influential women on Wall Street, but the title hasn't come without its challenges. From navigating constant workplace discrimination to being fired for maintaining her honesty, Sallie has jumped continuous hurdles, moving from investment banking to becoming one of the top business research analysts in the game.Her Wall Street career includes being named CFO of Citigroup and CEO of Merrill Lynch, the Citi Private Bank, Smith Barney, US Trust, and Sanford C. Bernstein. She is the co-founder and current CEO of Ellevest, whose mission is to put more money in the hands of women. Her recent book, Own It: The Power of Women at Work, talks about the power of resilience, risk-taking, and hard work to reach the top. Resources Mentioned:Own It: The Power of Women at Work, by Sallie Krawcheck: https://www.amazon.com/Own-Power-Women-at-Work/dp/1101906251/ Ellevest: https://www.ellevest.com/
For this week's session, we were thrilled to welcome back Rob West. Rob is the lead analyst at his own firm, Thunder Said Energy. Rob had a career in research at Redburn and Sanford C. Bernstein before leaving to start Thunder Said in 2019 and first joined us for COBT on January 4, 2022. He has immersed himself in the technology details of the energy transition and brings a unique "how are we going to accomplish all of this" perspective to all of his analysis. Even though there are immense challenges, and we have dug ourselves in a hole in many ways, hang in there as you will hear Rob's optimism in particular towards the end of the discussion. Rob joined us today from his home in Tallinn, Estonia. In our conversation, we pull from Rob some thoughts on the Russia-Ukraine war and delve into the sentiment in Eastern Europe and the Baltics about Russia's aggression. Rob recently wrote a research piece entitled "Energy Shortage: Fear in a Handful of Dust?" At the heart of the paper is that the road to a better world, including a successful transformation of our energy system, goes through having energy "surplus" and not through energy "shortage." Quite the contrary, he points out the dangers of energy shortage in a number of areas including higher food prices, the negative climate effects of more wood use, diminished economic prosperity, reduced security, and the instability of democracies during periods like the one we are in. Rob reminds us of the serious bottlenecks to be solved, the second law of thermodynamics (and the implications for energy loss), that we need energy to build new energy systems, and the importance of innovation. In total, Rob points to ten key reasons why the world needs energy surplus, and why such surplus not only helps us achieve our environmental goals, but also helps us avoid a world that would ultimately be more dangerous and also more painful, especially for those who have less. To kick us off, Mike Bradley took a look back at what oil and gas prices looked like in January of 2022 when Rob last joined us and shared current bond, commodity, and equity performance. He noted that the last few days of energy equity volatility was predominately related to the direction OPEC might pursue at its December meeting and wrapped up his discussion by laying out both the failure and success coming out of COP 27. Colin Fenton noted the European Union has put a number on its proposed price cap for natural gas: €275 per MWh, as measured by the TTF month-ahead price in the Netherlands. The proposed cap would begin on January 1, 2023, last for one year, and activate only in the event of emergency conditions locally, as determined by the spread between spot prices in Europe and a basket of spot LNG prices from around the world. EU Member States would need to approve the proposal before it could take effect. Veriten's head of nuclear research and strategy, Brett Rampal, also joined the team today. As we pause and reflect about Thanksgiving, we want to wish you all the best and reiterate how grateful we are for your friendship. Be on the lookout for a special message on Thanksgiving Day! Thank you again to Rob for joining and thanks to you all!
Sallie Krawcheck holds the world record for being fired the most times on the Wall Street Journal. She is also one of the most powerful and influential people on Wall Street, currently serving as CEO of an investment platform that manages over $1.5 billion in assets. By viewing success and failure as two sides of the same coin, she has overcome what few of us are capable of.Sallie is a Wall Street legend, an author, and the co-founder and CEO of Ellevest, a digital investment platform built for women. Over the last 30 years, she has continuously broken barriers on Wall Street, navigating high-profile leadership positions at companies like Citigroup, Merrill Lynch, and Smith Barney (now Morgan Stanley).In this episode, Sallie talks about how she went from a rocky and emotionally-scarring start on Wall Street to the “Eureka!” moments that defined her career. She dissects what to do when facing constant rejection, the significance of outworking others, and how to rank learning, money, and passion when it comes to work. She also discusses the importance of proactively supporting and advising others, navigating office politics as a woman, and why success and failure are two sides of the same coin.Topics Include:- The most important relationship a professional woman can have- How one person led Sallie to realize her potential- Working for money vs. passion- Biases against women and minorities in the workplace- Sallie's world record- Why you shouldn't be the smartest person in the room- How job candidates can separate themselves from the competition- The #1 unwritten rule of success in business- And more… Sallie Krawcheck is known as one of the most influential women on Wall Street, but the title hasn't come without its challenges. From navigating constant workplace discrimination to being fired for maintaining her honesty, Sallie has jumped continuous hurdles, moving from investment banking to becoming one of the top business research analysts in the game.Her Wall Street career includes being named CFO of Citigroup and CEO of Merrill Lynch, the Citi Private Bank, Smith Barney, US Trust, and Sanford C. Bernstein. She is the co-founder and current CEO of Ellevest, whose mission is to put more money in the hands of women. Her recent book, Own It: The Power of Women at Work, talks about the power of resilience, risk-taking, and hard work to reach the top. Resources Mentioned:Own It: The Power of Women at Work, by Sallie Krawcheck: https://www.amazon.com/Own-Power-Women-at-Work/dp/1101906251/ Ellevest: https://www.ellevest.com/
On this episode of Christopher Lochhead: Follow Your Different, we talk about something that every single one of us has, very few of us think or talk about, and it's something that can have a profound impact on our lives. So let's talk about Secrets with our guest, Michael Slepian. Michael Slepian is an Associate Professor of Leadership and Ethics at the legendary Columbia University. He's also a recipient of the Rising Star Award from the Association of psychological science. Michael is considered by many to be the leading expert on the Psychology of Secrets. He's got a brand-new best seller out called The Secret Life of Secrets, which we will get into this episode and much more. Michael Slepian on Secrets The conversation starts out on secrets, and how we all keep them. As to why we have secrets, Michael was asked if there were pros and cons in keeping secrets from people. “So the pros, you are protecting something, you might be protecting your reputation. And in your own mind, you might be protecting someone's feelings, you might be protecting a relationship with someone. Whatever you think is the outcome of people learning about this thing, you're preventing that.” – Michael Slepian But to keep a secret means you are essentially cutting yourself off from other people, so they couldn't share your burdens or provide emotional support if that is part of what you are keeping your secret from. “You're blocking yourself from the availability of getting help from others. You can't get their emotional support; you can't get their guidance and advice.” – Michael Slepian Why We Keep Secrets One reason that we keep secrets is that we often feel ashamed of those secret. In response, we bury it deep and isolate it from the public, so no one will know. But this process of isolation also keeps it from receiving any validation if the secret is something to be actually ashamed of, or something that one only thought would be unacceptable. “We'll feel isolated with those secrets, we'll feel inauthentic for keeping them and uncertain that we're doing the right thing. But all these negative feelings are tempered easily when we start talking to people and getting the help that we need.” – Michael Slepian Having Secrets is Natural Michael further explains that having secrets is normal, and that people tend to keep the same secrets. On his research that shows 38 common categories of secrets, an average person has 13 secrets that fall on that list, and 97% of people would have more than one secret that is in that list. “We all keep the same kinds of secrets. As isolating as a secret can feel, we all have similar ones. And so we're not alone in the secrets we have.” – Michael Slepian To hear more from Michael Slepian and the secret about Secrets, download and listen to this episode. Bio Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia University. A recipient of the Rising Star Award from the Association for Psychological Science, he is the leading expert on the psychology of secrets. Slepian has authored more than fifty articles on secrecy, truth, and deception. His research has been covered by The New York Times, The Atlantic, The New Yorker, The Economist, The Wall Street Journal, the BBC, NPR, and more. Links Connect with Michael Slepian! Website | Twitter | LinkedIn | Columbia bio Check out his new book: The Secret Life of Secrets We hope you enjoyed this episode of Follow Your Different™! Christopher loves hearing from his listeners. Feel free to email him, connect on Facebook, Twitter, Instagram and subscribe on iTunes!
Analistas de Sanford C. Bernstein advierten que el "bear market" tiene para largo; inflación en Argentina se acerca a la de Turquía; Stephan Kueffner (@skueffner), periodista de Bloomberg News en Ecuador, comenta la apuesta de Guillermo Lasso por una consulta ciudadana. Producido por Eduardo Thomson (@ethomson1)
For the first time, there are more iPhones in use in the US than Android-based smartphones. Apple has overtaken Android devices to account for more than half of smartphones used in the US. And Amazon is lagging rival Flipkart in India on several important metrics, according to investment firm Sanford C. Bernstein. Notes: For the first time, there are more iPhones in use in the US than Android-based smartphones. Apple has overtaken Android devices to account for more than half of smartphones used in the US, Financial Times reported on September 2, citing data on the installed user base of iPhones from market researcher Counterpoint. The increased market share gives Apple an edge over Google as it pushes into sectors including finance and healthcare, according to the Times. “Over the past four years the flow has consistently been Android to iOS,” Jeff Fieldhack, Counterpoint's research director, told Financial Times. “This is a big milestone that we could see replicated in other affluent countries across the globe,” Fieldhack added. Amazon is lagging rival Flipkart in India on several important metrics and struggling to make inroads in smaller Indian cities and towns, according to a report by investment firm Sanford C. Bernstein, TechCrunch reported on September 2. Amazon's 2021 gross merchandise value in the country, where it has invested over $6.5 billion, stood between $18 billion and $20 billion, compared with Flipkart's $23 billion, the analysts said in a report on August 30 that was obtained by TechCrunch. India's ecommerce market is expected to double in size to more than $130 billion by 2025. Amazon has more than 85 percent of its customers from Tier 2/3 cities/towns, shopping India's largest selection across electronics, grocery, fashion and beauty, everyday essentials, and more, the e-commerce giant told TechCrunch in a statement. A large number of small businesses and local stores rely on it to go online, Amazon said. Around 50 percent of Amazon's one million sellers come from Tier 2/3 cities/towns, and more than 100,000 exporters sell to its customers worldwide. And the company is committed to digitising 10 million MSMEs, generating 2 million jobs and enabling $20 billion in cumulative exports by 2025, Amazon said, according to TechCrunch. After calling off its Artemis I launch attempt on September 3 when engineers could not overcome a hydrogen leak, the US space agency NASA has decided to not try again, for now, it said in a blog post. This was the second time NASA scrubbed the launch. The leak was detected in an interface between the liquid hydrogen fuel feed line and the Space Launch System rocket, developed by Boeing. Mission managers met and decided they will forego additional launch attempts in early September. Artemis is Nasa's attempt to return humans to Moon and then establish a sustainable presence there to prepare for missions to Mars. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
With the passage of the Inflation Reduction Act by the US Senate, the US is now on the cusp of implementing very aggressive drug pricing controls within Medicare. Richard Evans is the general manager of SSR Health, which he founded in 2009 to address the complexity of US drug pricing. Before founding SSR, Richard was a senior analyst at Sanford C. Bernstein, and during his tenure, he was ranked first by both Institutional Investor and Bloomberg Markets and was also rated as one of the top 20 stock-pickers globally across all large-cap industries. Ironically, one of the most challenging questions to answer in US drug pricing is “How much does it cost?” Is it the cost of the drug out of pocket? Perhaps the cost to the insurer, to the PBM, to the hospital, or the total that finally ends up on the company balance sheet as revenue? To each of these value chain actors, the answer will be markedly different and Richard's knowledge of the interplay of their various competing interests is without peer. In this podcast, Richard explains the role of PBMs in market access and drug pricing, the perverse incentives that are baked into the US and EU systems, and how all of the actors are simply behaving logically within the odd construct of the current healthcare ecosystems. Often, these outcomes are not aligned to the best interests of patients at the point of sale. As well, we discuss the enormous revenue reductions that are likely to occur within the US biopharma ecosystem if the Inflation Reduction Act is signed into law in its current form, and the ominous implications this has for patients with unmet medical needs requiring cures. See omnystudio.com/listener for privacy information.
Nevertheless, She Persisted: Surviving Teen Depression and Anxiety
Today's guest is http://www.columbia.edu/~ms4992/ (Michael Slepian)—the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia University, a recipient of the Rising Star Award from the Association for Psychological Science, the leading expert on the psychology of secrets, and the author of https://www.amazon.com/dp/0593237218?tag=onamzsadiekil-20&linkCode=ssc&creativeASIN=0593237218&asc_item-id=amzn1.ideas.1LNYBGUF1RBE (The Secret Life of Secrets: How Our Inner Worlds Shape Well-Being, Relationships, and Who We Are). We discuss what qualifies something as a secret, the most common secrets people keep, the psychology of secret-keeping, personal/relationship/identity consequences of secrets, the pros and cons of confiding in someone else, why being authentic will almost always be a positive experience, tips to increase your vulnerability, and when you should keep a secret. MENTIONED + https://www.amazon.com/dp/0593237218?tag=onamzsadiekil-20&linkCode=ssc&creativeASIN=0593237218&asc_item-id=amzn1.ideas.1LNYBGUF1RBE (The Secret Life of Secrets: How Our Inner Worlds Shape Well-Being, Relationships, and Who We Are) + http://keepingsecrets.org/ (http://keepingsecrets.org/) SHOP GUEST RECOMMENDATIONS: https://amzn.to/3A69GOC (https://amzn.to/3A69GOC) EPISODE SPONSOR
Psychologists Off The Clock: A Psychology Podcast About The Science And Practice Of Living Well
Secrets are a double-edged sword. They can both inflict and remedy physical and psychological injury for us and our loved ones. But regardless of whether they offer benefit, keeping secrets is often burdensome for the keeper. Michael Slepian, author of The Secret Life of Secrets, has dedicated his career to the psychology of secrets and how keeping secrets affect variables that govern social and organizational life. In this episode of POTC, Michael and Yael discuss the personal and relational value in sharing as well as the impact of keeping secrets. Join us in this episode for surprising statistics and findings on secret-keeping, practical advice on assessing when and how to share your secrets, evidence-based strategies on building trust, and much much more, today! Listen and Learn: Yael and Debbie discuss the power of tightly held secrets Why secret-keeping is often overlooked in the realm of mental health Michael's expert definition of secrecy Important distinctions between deception and private information The impact of secret-keeping on our well-being Some surprising findings from Michael's research on secret-keeping The first steps in overcoming a tightly held or particularly burdensome secret The hazards and gifts associated with professional secret-keeping as a clinician Revealing statistics on secrets and secret-keeping An expert definition of ambitious secrets Practical advice on assessing when and how to share your secrets Guidelines for helping children understand the differences between the right to privacy and the dangers of keeping certain kinds of secrets Pros and cons of snooping Evidence-based strategies on building trust Michael's coping compass and how it can help you decide whether or not to disclose a secret Michael's personal experiences sharing and learning secrets The personal and relational value in sharing secrets Resources: Buy your copy of Michael's book, The Secret Life of Secrets: How Our Inner Worlds Shape Well-Being, Relationships, and Who We Are! Michael's study, Relieving the burdens of secrecy: Revealing secrets influences judgments of hill slant and distance Check out Danny Shapiro's book Inheritance: A Memoir of Genealogy, Paternity, and Love Grab your copy of all our favorite books at bookshop.org/shop/offtheclockpsych. Check out Debbie, Diana, Yael, and Jill's websites to access their offerings, sign up for their newsletters, buy their books, and more! About Michael Slepian: Michael Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He previously was a visiting scholar at Stanford University, and received his Ph.D. from Tufts University. He is an elected fellow of the Society of Experimental Social Psychology, has received the Rising Star Award from the Association for Psychological Science, and received the National Science Foundation Graduate Research Fellowship.Michael studies the psychology of secrets and how keeping secrets affect variables that govern social and organizational life. For more information see his research and publications. Related Episodes: Episode 83. Courageous Conversations to Prevent Childhood Sexual Abuse with Feather Berkower Episode 118. Moral Injury and Shame with Lauren Borges and Jacob Farnsworth Episode 184. Getting Past Affairs and Other Relationship Betrayals with Kristina Coop Gordon We'd love your help creating a better podcast listening experience by hearing more about you. Consider taking a few minutes to fill out our brief listener survey here. Learn more about your ad choices. Visit megaphone.fm/adchoices
Preserving Family Wealth Through A Family Office And Developing An Empowered Rising Generation – Private Equity Profit Podcast with Seth Greene & Cliff Locks Episode 047 Sean A. Miller Sean A. Miller is the Chief Investment Officer and Portfolio Manager for Miller Asset Solutions LLC with the primary responsibilities of both research and the implementation of investment ideas. Mr. Miller started Miller Asset Solutions LLC in April 2010. Prior to starting Miller Asset Solutions, LLC, Mr. Miller founded the Investment Management & Trust Division of Virginia National Bank in 2000 (now VNB Wealth Management) and until March 31, 2010 served as the firm's Portfolio Manager, Investment Research Analyst and Trust Officer. Mr. Miller began his investment management career with Sanford C. Bernstein as a Financial Advisor Associate in their West Palm Beach, FL office in 1996 and was asked to open their Washington D.C. office in 1998. From 1998 to 1999 he served as Investment Planning Analyst for the firm in Washington, D.C. Listen to this informative Private Equity Profits episode with Sean A. Miller about preserving family wealth. Here are some of the beneficial topics covered on this week's show: Waiting for investments to come to you Focusing on capital allocation as opposed to asset allocation Avoiding the urge to move during times of volatility Title insurance securities and other assets as recession resistant investments Standing on the shoulders of giants to make smart investments Opening a firm to use 15 years of experience to help clients Operating from a moral and ethical high ground Offering family office services to service the intimate needs of a family Connect with Sean: Website: www.millerasset.com Email: sean@millerasset.com Connect with Seth: Email seth@marketdominationllc.com Connect with Cliff: Website investmentcapitalgrowth.com Email cliff@investmentcapitalgrowth.com Learn more about your ad choices. Visit megaphone.fm/adchoices
We all have our secrets. We keep some secrets from bosses, colleagues and clients, like the fact that we hope to retire early, change careers, or start a business. We keep other secrets from friends and family, like our income, net worth, spending habits and investing mistakes. Research from around the world shows that we tend to keep the same types of secrets – around 38 common varieties, including secrets about finances, ambitions, beliefs, habits, unpopular opinions, mental health, trauma, addiction, and drug use. These 38 common types of secrets fall into three categories: (1) moral secrets, which we fear will either cast judgment on us or will cause harm to another; (2) relational secrets, which we fear will harm our relationships; and (3) goal and ambition secrets, related to career, business and finances. In today's episode, Columbia University professor Dr. Michael Slepian discusses the secret life of secrets. Dr. Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. Prior to that, he was a visiting scholar at Stanford University. His research focuses on the social costs of secrecy. What impact do secrets have on our lives and health? What are the hidden costs of keeping quiet? Are there certain things that are better left unsaid? What should we share, with whom, and when … especially when there are career, social and financial repercussions to revealing information? Dr. Slepian joins us today to share his insight. Enjoy! For more information, visit the show notes at https://affordanything.com/episode386 Learn more about your ad choices. Visit megaphone.fm/adchoices
Sallie Krawcheck is the CEO and Co-Founder of Ellevest, a digital-first investment platform working to help close the gender wealth gap by “redefining investing for women.”Sallie's professional mission is to help women reach their financial and professional goals… or as she says to get more money in the hands of women. She's definitely on her way as Ellevest recently announced they have $1Bn under management. Before launching Ellevest in 2016, Sallie was one of the highest-ranked women ever to have worked on Wall Street: She was the CEO of Merrill Lynch, Smith Barney, US Trust, Citi Private Bank, and Sanford C. Bernstein. She was also CFO for Citigroup. Prior to that, Sallie was a top-ranked research analyst covering the securities industry.Sallie is widely recognized as one of the most influential women in business. She has been recognized by Inc. as a "Top Female Founder", called "The Last Honest Analyst" by Fortune magazine, and was named the seventh most powerful woman in the world by Forbes. We'll chat with Sallie about her journey leaving her small hometown to high-powered positions in Wall Street, how she dealt with two public firings and the many career pivots that led her to start Ellevest. We'll also discuss why women need to talk more about money and start investing in order to close the gender wealth gap. In this episode, we'll talk to Sallie about:* Sallie's experience of school, difficulties she faced, and how this made her resilient. [6:22]* The impact that being bullied had on Sallie's will to succeed in life. [7:19]* How Sallie landed in investment banking after going to school for journalism. [8:13]* The shame and guilt Sallie felt around hating a career she thought she wanted. [10:37]* How Sallie carved out time to find out what she truly wanted to do with her life. [11:41]* Dealing with rejection and the power of a growth mindset to keep pushing. [15:22]* Sallie's take on why being a woman on Wall Street helped her in many ways. [16:47]* What happens when women are seen to be looking for power and attention. [18:14]* Sallie's two public firings and the lessons she learned from both of them. [20:25]* How Sallie, whose identity was attached to her career, dealt with being fired. [23:42]* Women have been socialized into believing men are better at money. [29:00]* The stress that comes with running your own business and the loneliness you face. [30:14]* Sallie's experience raising funds for Ellevest and why it differed from other startups. [36:21]* What Sallie wishes they had done differently in her company. [39:32]* The value of networking and why women need to do a better job of it. [40:38]* Some first steps women who have not invested can take to get started. [43:30]* If you feel nervous about investing, start small and watch what happens. [48:40]* Why Sallie does not like the idea that women have to strive for work-life balance. [49:35]* We need to normalize failures because striving to be perfect puts extra pressure on women. [55:11]* The reason that men are better at taking risks, according to Sallie. [56.39]This episode is brought to you by beeya: * Learn more about beeya's seed cycling bundle at https://beeyawellness.com/free to find out how to tackle hormonal imbalances. * Get $10 off your order by using promo code BEHINDHEREMPIREFollow Ellevest:* Company Instagram: https://www.instagram.com/ellevest/* Website: https://www.ellevest.com/ See acast.com/privacy for privacy and opt-out information.
Sue Stockdale talks to Janine Canham, Chief Operating Officer of Sanford C. Bernstein in Asia about how she leads her team by showing empathy and building a sense of team spirit. Janine also talks about her love of running, particularly ultra-distance races and draws the parallels between both environments.Janine Canham was born of a British mother and Lebanese father and was raised in Beirut until the Civil War. She has lived in Hong Kong for 30 years. She started her career as a lawyer with an international law firm. Janine sat on the Listing Committee of the Hong Kong Stock Exchange and led the establishment of Bernstein in Hong Kong, Singapore, and India. Janine has twin boys and is an avid runner, having taken part in numerous multi-stage ultra-races across the world. She has also dabbled in triathlon, completed an Ironman, and is a keen supporter of RUN, a charity in Hong Kongwhich helps support vulnerable refugees through the power of sport.Find out more about Janine Canham https://www.linkedin.com/in/janine-canham-21b58929/Janine Canham Quotes'My dad's Lebanese and we lived in Beirut till I was 12 and left because of civil war. Now I look at refugees and think, there but for the grace of God, we were obviously very lucky.''I think COVID especially has made people appreciate families more, and appreciate your colleagues' families more as well'.'I think you don't need to hide your vulnerabilities.''We're trying to be really understanding and help people and I hope people appreciate that.''I guess when it gets really, really tough and you're struggling, that's when the mental game kicks in. And when you have to play mind games with yourself to stop yourself from quitting.''I think with the job and the running event, you have to have the finish line in mind. I think I'm not quite sure yet how I'm going to get there, but I know somehow I'm going to find a way to get there.''I think the main thing with people working remotely is just to make sure we all stay connected with each other.'Read the transcription for this episode on www.accesstoinspiration.org and connect with us:Twitter www.twitter.com/accessinpirat1 Facebook www.facebook.com/accesstoinspiration Instagram www.instagram.com/accesstoinspiration LinkedIn www.linkedin.com/company/access-to-inspiration/ Download our Impact Report https://accesstoinspiration.org/wp-content/uploads/2022/Impact-Report-2021.pdf Sign up for our newsletter http://eepurl.com/hguX2b Sound Editor: Matias de Ezcurra (he/him)Producer: Sue Stockdale (she/her)
Do you think having a non-linear career path will make it harder for you to advance in your career? Not everyone has a traditional career path to get to the Corner Office. Believe it or not, there are plenty of executives out there who have found success with non-linear careers. And if you're looking for advice on how to get promoted without following a well-trod path then look no further than my interview on The CEO Sessions with SAP COO of Global Strategic Segments, Meaghan Riley. A non-linear career path is not a death sentence. In fact recruiting employees with a broad background is an opportunity for many organizations, teams, and leaders to increase creativity, innovation, and problem solving. Enter Meaghan Riley, who has 20 years' experience leading sales teams to help C-Level executives define and achieve their digital transformation objectives across a broad range of industries. She previously held several sales leadership roles at SAP in the North American region. Prior to joining SAP, Meaghan held roles in the strategic customer segments at Oracle, PeopleSoft, LivePerson, and Digex; receiving awards of excellence at each company. In addition to her roles in the technology sector, Meaghan served as Vice President at Sanford C. Bernstein & Co., LLC and co-founded a boutique investment bank in Latin America, providing M&A advisory services to privately held businesses, living in the region for several years. She holds a B.S. in Communications and Business Management from the University of Tennessee, Knoxville and lives in Nashville, TN with her husband and Yorkshire terrier. Meaghan's LinkedIn profile: https://www.linkedin.com/in/meaghanriley/ (https://www.linkedin.com/in/meaghanriley/) WHAT YOU WILL DISCOVER FROM THIS EPISODE: Why you should keep a statue of Wonder Woman on your desk. A time when a power pose paid off! Leadership lesson from working in a wallpaper store. Meaghan's HDTV 15-minute of fame. A great strategy to help your team understand the bigger picture. The importance of becoming an entrepreneurial executive. What to do when you run into a “Protector of the Status Quo”. The two traits she'd instill in every employee…. passion and drive! A colorful story of when someone quit. A dose of inspiration from her 102 year-old grandmother. Why you don't need a linear career path to get the C-Suite. Valuing the non-linear career path. Three success strategies for every employee. Where her love of travel came from and how it's helped her grow personally and professionally. One of Meaghan's most memorable travel experiences. An executive strategy to unwind. QUOTES: “Give your team the safe space to ask questions.” “Breadth of experience allows you to bring new ideas to the table.” RESOURCES: Amy Cuddy's TED Talk HBR Idea Cast Adam Grant Simon Sinek, Start with Why Ted Lasso Miles Davis Art Pepper African American Music Museum in Nashville Country Music Hall of Fame ------------------- https://www.benfanning.com/the-ceo-sessions/ (Apply to be on the show) ------------------- https://www.benfanning.com/the-ceo-sessions/ (Connect with Ben:) https://www.linkedin.com/in/benfanning/ (https://www.linkedin.com/in/benfanning/) https://www.instagram.com/benfanning1/ (https://www.instagram.com/benfanning1/) https://twitter.com/BenFanning1 (https://twitter.com/BenFanning1)
Analyst Arndt Ellinghorst zu VW und der Aktienentwicklung.Volkswagen steht heute im Mittelpunkt. Nach der gestrigen Aufsichtsratssitzung sind zwar viele Fragen beantwortet, aber für die Zukunft gibt es dennoch Fragezeichen. Dazu im Gespräch ist Arndt Ellinghorst, Managing Director und Senior Vice President beim Investmenthaus Sanford C. Bernstein in London.Außerdem ein Blick auf Daimler Truck, und das bereits als “Aktie des Tages”, obgleich der Börsengang erst heute ansteht. Auch dazu eine Einschätzung des renommierten Analysten.Ein weiteres Thema ist die beunruhigende Entwicklung bei den hochverschuldeten chinesischen Immobilienentwicklern Evergrande und Kaisa. Und von der Wall Street aus New York folgt ein Ausblick auf die heute anstehenden frischen Inflatationsdaten. Die Schätzungen haben bereits im Vorfeld US-Präsident Joe Biden dazu veranlasst, zu warnen. See acast.com/privacy for privacy and opt-out information.
As decentralization continues to shape the future of finance, an industry expert shares his perspective on making smart investments, blockchain security, and more. This is a bonus episode to our four-part series on blockchain, crypto, and tokenization where we discuss the concept of decentralized finance, including its significance in the global economy and potential impacts DeFi could have on real estate investment. To do this, we're joined by Rennick Palley, founder and chief investment officer of Stratos Technologies. Rennick explains how protocols built on Ethereum and other blockchains are creating an entirely new financial ecosystem, where investors can trade, lend, borrow, and execute contracts. He also offers advice to investors who are trying to determine which blockchains will have longevity, and he addresses some of the common concerns people have about these new technologies, including security issues, legal questions, and DeFi's long-term staying power. Along with his work at Stratos Technology — the company Rennick founded in 2016 which focuses on investing in innovative technology companies — Rennick is a founding team member, investor, and advisor to Goldfinch Finance, a DeFi project built on Ethereum. Before this, he was a research associate at Sanders Capital, a $40 billion global equity manager founded by Lewis Sanders. Rennick holds two bachelor's of science degrees from Southern Methodist University in applied mathematics and mechanical engineering, along with a master's in quantitative finance from the Massachusetts Institute of Technology. Key Insights: Ethereum's potential as the foundation for a new financial ecosystem The difference between layer one “infrastructure” and layer two “applications” in blockchain Advice for investing in blockchains with longevity The value of DeFi (decentralized finance) and what is being transacted on-chain How DeFi and tokenization intersect with real estate investment Guest Bio: Rennick founded Stratos Technologies in 2016. Before founding Stratos, Rennick held the position of Research Associate at Sanders Capital, a $40 billion global equity manager founded by Lewis Sanders, formerly Chairman & CEO of AllianceBernstein L.P. and Chairman and CEO of Sanford C. Bernstein & Co., Inc. Rennick was one of ten investment professionals at the firm and reported directly to Lew. Rennick credits the evolution of his investment philosophy and process to the influence of Lew and the team at Sanders, which embody a heritage of best in class research established at Bernstein Research. Rennick holds a Bachelors of Science in Applied Mathematics and a Bachelors of Science in Mechanical Engineering, both from Southern Methodist University, and a Masters in Quantitative Finance from the Massachusetts Institute of Technology. Rennick is a founding team member, investor, and advisor to The Goldfinch Protocol, a decentralized finance project backed by the best founders and investors in the fintech and defi ecosystem. Resources: Real Wealth Real Health Alpha Investing Stratos Technologies Goldfinch Finance podcast@alphai.com Subscribe to this podcast to build your healthy financial foundation through expertise, insights, strategies, tactics, wisdom, and inspiration from Alpha Investing's community of professionals, advisors,investors, and members: Apple - Spotify - Google - TuneIn - Stitcher - iHeartRadio Learn more about your ad choices. Visit megaphone.fm/adchoices
Daniel Goleman speaks to Modupe Akinola, Associate Professor of Management and Director of the Sanford C. Bernstein and Co. Center for Leadership and Ethics at Columbia Business School. Professor Akinola shares some of the research on workforce diversity and the biases that affect the recruitment and retention of women and people of color in organizations.FPP is brought to you by Key Step Media, a media publisher of Emotional Intelligence, Mindfulness & Leadership content. If you're drawn to learning more about emotional intelligence, you might be interested in the Building Blocks of Emotional Intelligence. This set of primers offers the what, why, and how for each of the 12 competencies in Daniel Goleman's EI model. To learn more visit our shop at keystepmedia.com/shop. Support the show (https://www.patreon.com/firstpersonplural)
Critic Robin Givhan, analyst Luca Solca, author Dana Thomas and Métier founder Melissa Morris discuss how luxury became a winners-take-all market and how growing consumer scrutiny is driving change. BoF is investigating how market disruption, new technology and increasing consumer scrutiny are driving transformative change in the $300 billion luxury goods market, in an exclusive new podcast series presented by Klarna. As the extraordinary events of 2020 — from the global pandemic, lockdowns and economic downturns to the accelerating climate crisis and social justice movements — impacted the luxury industry, scale-driven advantages widened the performance gap between the industry's super winners and the rest of the market. In 2020, BoF reported that 75 percent of companies did not generate enough economic profit to cover the cost of their capital. Yet, the leading mega brands and conglomerates reported record sales. However, a growing dissonance is emerging between luxury's traditional values of scarcity and exclusivity, and the emergence of a more inclusive, egalitarian and sustainable global consumer culture, making the luxury industry vulnerable to shifting consumer sentiment. Today, businesses must respond to growing consumer scrutiny around the sociological and ecological impact of how they operate and what they produce. To discover what this means for the future of the luxury goods industry, BoF assembled four global authorities to share their insights. Robin Givhan is senior critic-at-large at The Washington Post, writing on race, politics and the arts. She was the first fashion writer to receive the Pulitzer Prize for Criticism in 2006. Givhan's work has also appeared in New York Magazine and the New Yorker, among other publications. “So much of luxury is about being perceived as part of the ‘in' crowd, which underscores this idea that it's not for everyone. When that's the way that you run a business and the culture starts shifting around you — saying that everything should be open to everyone — then it runs contrary to your business practice.” Luca Solca is an investment research analyst and managing director of luxury goods at Sanford C. Bernstein. Formerly a partner of the Boston Consulting Group, Solca has more than 25 years' experience in luxury goods and is a regular BoF contributor. “The number of fronts that luxury goods brands need to manage has continued to explode. The digital revolution has brought so many new things that brands need to invest in. You have brands that make more than €10 billion of revenue per year and invest mid-to-high single digits in communication. That creates a huge amount of fire power. Bigger brands clearly have a scale advantage.” Melissa Morris is the founder and designer of Métier, an independent leather maison best known for its logo-free handbags, travel bags and accessories. Prior to launching Métier in 2017, Morris studied sculpture and business at Emory University before working for Armani, Helmut Lang and Belstaff. “The pace of the industry is getting faster and faster, it's impossible to keep up. And it's impossible to create products that are as perfect as they need to be in the luxury world. From my experience working in luxury brands, you're constantly chasing from a development and production perspective, but also from a design perspective. You can't have the time to properly think things through. That then erodes quality, which is vital.” Dana Thomas is the author of “Fashionopolis: The Price of Fast Fashion and the Future of Clothes” and the New York Times bestseller “Deluxe: How Luxury Lost Its Lustre.” Thomas is an award-winning journalist covering fashion and culture, she is a regular contributor to The New York Times' Style section and Vogue. “I don't think it's greenwashing. They actually believe what they say, but to do it is another thing. It's a long-term investment and these companies, because they're so wedded to their quarterly returns and their stock market prices, they're afraid to make those long-term investments. It takes a lot of courage and you have to take it on the chin initially in order to make it pay off in the long term.” Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges a redefined industry will bring and how luxury's transformation will impact your business. Sign up for BoF's Daily Digest newsletter. For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com. For all sponsorship enquiries, it's: advertising@businessoffashion.com.
Critic Robin Givhan, analyst Luca Solca, author Dana Thomas and Métier founder Melissa Morris discuss how luxury became a winners-take-all market and how growing consumer scrutiny is driving change. BoF is investigating how market disruption, new technology and increasing consumer scrutiny are driving transformative change in the $300 billion luxury goods market, in an exclusive new podcast series presented by Klarna. As the extraordinary events of 2020 — from the global pandemic, lockdowns and economic downturns to the accelerating climate crisis and social justice movements — impacted the luxury industry, scale-driven advantages widened the performance gap between the industry's super winners and the rest of the market. In 2020, BoF reported that 75 percent of companies did not generate enough economic profit to cover the cost of their capital. Yet, the leading mega brands and conglomerates reported record sales. However, a growing dissonance is emerging between luxury's traditional values of scarcity and exclusivity, and the emergence of a more inclusive, egalitarian and sustainable global consumer culture, making the luxury industry vulnerable to shifting consumer sentiment. Today, businesses must respond to growing consumer scrutiny around the sociological and ecological impact of how they operate and what they produce. To discover what this means for the future of the luxury goods industry, BoF assembled four global authorities to share their insights. Robin Givhan is senior critic-at-large at The Washington Post, writing on race, politics and the arts. She was the first fashion writer to receive the Pulitzer Prize for Criticism in 2006. Givhan's work has also appeared in New York Magazine and the New Yorker, among other publications. “So much of luxury is about being perceived as part of the ‘in' crowd, which underscores this idea that it's not for everyone. When that's the way that you run a business and the culture starts shifting around you — saying that everything should be open to everyone — then it runs contrary to your business practice.” Luca Solca is an investment research analyst and managing director of luxury goods at Sanford C. Bernstein. Formerly a partner of the Boston Consulting Group, Solca has more than 25 years' experience in luxury goods and is a regular BoF contributor. “The number of fronts that luxury goods brands need to manage has continued to explode. The digital revolution has brought so many new things that brands need to invest in. You have brands that make more than €10 billion of revenue per year and invest mid-to-high single digits in communication. That creates a huge amount of fire power. Bigger brands clearly have a scale advantage.” Melissa Morris is the founder and designer of Métier, an independent leather maison best known for its logo-free handbags, travel bags and accessories. Prior to launching Métier in 2017, Morris studied sculpture and business at Emory University before working for Armani, Helmut Lang and Belstaff. “The pace of the industry is getting faster and faster, it's impossible to keep up. And it's impossible to create products that are as perfect as they need to be in the luxury world. From my experience working in luxury brands, you're constantly chasing from a development and production perspective, but also from a design perspective. You can't have the time to properly think things through. That then erodes quality, which is vital.” Dana Thomas is the author of “Fashionopolis: The Price of Fast Fashion and the Future of Clothes” and the New York Times bestseller “Deluxe: How Luxury Lost Its Lustre.” Thomas is an award-winning journalist covering fashion and culture, she is a regular contributor to The New York Times' Style section and Vogue. “I don't think it's greenwashing. They actually believe what they say, but to do it is another thing. It's a long-term investment and these companies, because they're so wedded to their quarterly returns and their stock market prices, they're afraid to make those long-term investments. It takes a lot of courage and you have to take it on the chin initially in order to make it pay off in the long term.” Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges a redefined industry will bring and how luxury's transformation will impact your business. Sign up for BoF's Daily Digest newsletter. For comments, questions, or speaker ideas, please e-mail: podcast@businessoffashion.com. For all sponsorship enquiries, it's: advertising@businessoffashion.com.
This episode is all about secrets. Did you know that there are 38 categories of secrets—and statistically, according to Michael Slepian, you probably have about 13 of them right now? Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He studies the psychology of secrets — and how keeping secrets affects our social life and work life, particularly as it pertains to trust and motivation. In this conversation we dive into common misunderstandings about secrets, the hardest part about having secrets, the toll secrets take (both physically and psychologically), how other people can help us handle our secrets in a healthier way, and the impact of societal systems and structures on our secret keeping. (One thing to note: There are brief references to abuse and other traumatic events that some people keep secret.) If you don't already have the Ten Percent Happier app, download it for free wherever you get your apps: https://10percenthappier.app.link/download-app. Full Shownotes: https://www.tenpercent.com/podcast-episode/michael-slepian-367
This episode is all about secrets. Did you know that there are 38 categories of secrets—and statistically, according to Michael Slepian, you probably have about 13 of them right now? Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. He studies the psychology of secrets — and how keeping secrets affects our social life and work life, particularly as it pertains to trust and motivation. In this conversation we dive into common misunderstandings about secrets, the hardest part about having secrets, the toll secrets take (both physically and psychologically), how other people can help us handle our secrets in a healthier way, and the impact of societal systems and structures on our secret keeping. (One thing to note: There are brief references to abuse and other traumatic events that some people keep secret.) If you don't already have the Ten Percent Happier app, download it for free wherever you get your apps: https://10percenthappier.app.link/download-app. Full Shownotes: https://www.tenpercent.com/podcast-episode/michael-slepian-367
Allen Shim is responsible for Slack's financial management strategy, which includes overseeing global operations, finance, accounting, corporate strategy, treasury, tax, investor relations, business analytics, and IT.Prior to Slack, Allen was the VP of finance and treasury at YuMe, where he helped drive growth from its startup period through its IPO. Earlier in his career, he worked at Yahoo after working as an equity research analyst for Sanford C. Bernstein and Citigroup Asset Management.Allen received his BS in Economics from the Wharton School at the University of Pennsylvania and is a CFA charter holder.Join Thejo Kote for a chat with Allen who shares his experiences building his own finance career, provides insights for others building theirs, and the future of the CFO role.
Today on the Thriving Beyond Belief podcast, Tod Jacobs and Peter Lynn from Not a Partnership! About the Authors: Tod Jacobs Tod Jacobs is Director of the David Robinson Institute for Jewish Heritage in Jerusalem, which he co-founded in 2005. Prior to his current role teaching and counseling his students and alumni, he enjoyed a distinguished career on Wall Street as one of the leading authorities on the telecommunications industry globally. As a managing director at JP Morgan and before that a partner at Sanford C. Bernstein and Company, Tod acted as a frequent commentator on network television and in leading newspapers and magazines, and testified several times before the U.S. Congress as an expert on telecom and media issues. His credits in print and broadcast journalism, where he worked prior to Wall Street, include nominations for both the Pulitzer Prize for investigative journalism and the Emmy Award. Tod lives in Jerusalem with his family. Dr. Peter Lynn Peter Lynn has served as Dean of Students at the David Robinson Institute for Jewish Heritage since its inception. An MA in Applied Positive Psychology (MAPP) from the University of Pennsylvania and a PsyD in Human and Organizational Psychology, Peter lectures at Touro College in Jerusalem. He is also the Founder and Director of Greatness Within Seminars, where he helps empower individuals and organizations through the application of Positive Psychology. An accomplished athlete and Ironman finisher, Peter was captain of the U.S. World Duathlon Team. Peter lives in Jerusalem with his family.
Intel says that a new version of its Xeon server chip line will be available in 2022, rather than by the end of this year. Intel's multiyear delays in introducing new technology have ceded leadership to competitors. Given the delays in the 10-nanometer manufacturing process and the delays in bringing its replacement online, Sanford C. Bernstein analyst Stacy Rasgon believes the latest announcement will cause further erosions in Intel's competitive positioning. On Tuesday, Intel's stock fell 1.27 percent, while AMD's stock rose 2.80 percent.
OTG talks with Oswald Clint, Senior Research Analyst at the global brokerage firm Sanford C. Bernstein & Co..
Welcome to Season 2, Episode 6. On today's episode I chat with Dr Peter Lynn, co author (Tod Jacobs) of the book "Not A partnership - Why We Keep Getting Marriage Wrong and How We Can Get It Right" Beyond being a typical collaboration between two authors or scholars, this book represents the culmination of more than fifteen years of work that Tod and Peter have done together in the area of marriage. The students of the institute they lead have provided a living laboratory for how to prepare for marriage, face and ultimately overcome its classic and idiosyncratic challenges. The pair's primary objective with their students as they head towards marriage is to help them focus both on developing a mature and idealistic vision of marriage as the primary vehicle to create wholeness, meaning, purpose and happiness in their lives, and on working to perfect the character issues that lie at the core of a successful spouse — giving, empathy, focus, staying power and a strong desire to help build the other. Their work combines practical and mystical Jewish wisdom with modern theory and techniques, and with experience accrued through years of real world implementation and practice. Their unique but differing backgrounds and accomplishments broaden the impact of their work and partnership still further. Tod Jacobs Tod Jacobs is Director of the David Robinson Institute for Jewish Heritage in Jerusalem, which he co-founded in 2005. Prior to his current role teaching and counseling his students and alumni, he enjoyed a distinguished career on Wall Street as one of the leading authorities on the telecommunications industry globally. As a managing director at JP Morgan and before that a partner at Sanford C. Bernstein and Company, Tod acted as a frequent commentator on network television and in leading newspapers and magazines, and testified several times before the U.S. Congress as an expert on telecom and media issues. His credits in print and broadcast journalism, where he worked prior to Wall Street, include nominations for both the Pulitzer Prize for investigative journalism and the Emmy Award. Tod lives in Jerusalem with his family. Dr. Peter Lynn Peter Lynn has served as Dean of Students at the David Robinson Institute for Jewish Heritage since its inception. An MA in Applied Positive Psychology (MAPP) from the University of Pennsylvania and a PsyD in Human and Organizational Psychology, Peter lectures at Touro College in Jerusalem. He is also the Founder and Director of Greatness Within Seminars, where he helps empower individuals and organizations through the application of Positive Psychology. An accomplished athlete and Ironman finisher, Peter was captain of the U.S. World Duathlon Team. Peter lives in Jerusalem with his family. Grab a copy of the book HERE! Find out more at: www.notapartnership.com Follow along on social: Instagram YT Chat with Betty The Podcast: It's fun, raw, inspiring, and self growth focused - follow on social for all the behind the scenes- IG: @bettygulko Twitter: @bettygulko TikTok: @betty.gulko CH: @bettygulko Web: www.bettygulko.com FOLLOW/SUBSCRIBE/RATE/REVIEW/SHARE xx Betty, your GLOW UP bestie Contact: chatwithbettypodcast@gmail.com Betty now offers: 1:1 Mindset and Confidence Consulting Sessions, Book It Today! --- Support this podcast: https://anchor.fm/betty-gulko/support
Sallie Krawcheck, is the CEO and Co-Founder of Ellevest, a digital-first investment platform working to help close the gender wealth gap by “redefining investing for women.”Sallie’s professional mission is to help women reach their financial and professional goals… or as she says to get more money in the hands of women. She’s definitely on her way as Ellevest recently announced they have $1Bn under management. Before launching Ellevest in 2016, Sallie was one of the highest-ranked women ever to have worked on Wall Street: She was the CEO of Merrill Lynch, Smith Barney, US Trust, the Citi Private Bank, and Sanford C. Bernstein. She was also CFO for Citigroup. Prior to that, Sallie was a top-ranked research analyst covering the securities industry.Sallie is widely recognized as one of the most influential women in business. She has been recognized by Inc. as a "Top Female Founder", called "The Last Honest Analyst" by Fortune magazine, and was named the seventh most powerful woman in the world by Forbes. We’ll chat with Sallie about her journey leaving her small hometown to high-powered positions in Wall Street, how she dealt with two public firings and the many career pivots that led her to start Ellevest. We'll also discuss why women need to talk more about money and start investing in order to close the gender wealth gap. In this episode, we’ll talk to Sallie about:* What Sallie’s childhood, growing up in a small town in the South, was like. [2:31]* Sallie’s experience of school, difficulties she faced, and how this made her resilient. [3:50]* The impact that being bullied had on Sallie’s will to succeed in life. [4:47]* How Sallie landed in investment banking after going to school for journalism. [5:41]* The shame and guilt Sallie felt around hating a career she thought she wanted. [8:05]* How Sallie carved out time to find out what she truly wanted to do with her life. [9:09]* Why a research analyst position was a catalytic moment in Sallie’s career. [11:10]* Dealing with rejection and the power of a growth mindset to keep pushing. [12:50]* Sallie’s take on why being a woman on Wall Street helped her in many ways. [14:15]* What happens when women are seen to be looking for power and attention. [15:42]* Sallie’s two public firings and the lessons she learned from both of them. [17:53]* How Sallie, whose identity was attached to her career, dealt with being fired. [21:10]* The realization that Sallie came to before she founded Ellevest. [22:30]* Women have been socialized into believing men are better at money. [26:28]* The stress that comes with running your own business and the loneliness you face. [27:42]* How Sallie led her team, many of whom have never been in a recession, through the pandemic. [29:05]* Sallie’s experience raising funds for Ellevest and why it differed from other startups. [33:49]* What Sallie wishes they had done differently in her company. [37:00]* The value of networking and why women need to do a better job of it. [38:06]* Some first steps women who have not invested can take to get started. [40:58]* If you feel nervous about investing, start small and watch what happens. [46:08]* Why Sallie does not like the idea that women have to strive for work-life balance. [47:03]* We need to normalize failures because striving to be perfect puts extra pressure on women. [52:39]* The reason that men are better at taking risks, according to Sallie. [54:07]* What wealth means to Sallie at this point in her life. [55:36]Follow Sallie:* Personal Instagram: https://www.instagram.com/sallie.krawcheck* Company Instagram: https://www.instagram.com/ellevest/* Website: https://www.ellevest.com/Follow Yasmin:* Instagram: https://www.instagram.com/yasminknouri/* Stay updated & subscribe to our newsletter: https://www.behindherempire.com/ See acast.com/privacy for privacy and opt-out information.
John Towers worked in Institutional Sales at Sanford C. Bernstein & Co., LLC for 17 years before joining MoffettNathanson as partner. Earlier in his career, he worked in magazine publishing for Harris Publications. John is a CFA charterholder who earned his BA from Denison University and MBA from Fordham University. ***8 Voices S2 is a series where we help you create the life you want by sharing unique stories of industry leaders & professionals who are fulfilling their most daunting dreams. We are welcoming guest speakers from a wide variety of professional backgrounds to show how you can use college as an opportunity to elevate your personal goals and ultimately achieve success.*** Follow us on IG: https://www.instagram.com/campus.hq/ Website: https://www.campushq.org/
I am excited to be joined today by an utterly fascinating guest, Modupe Akinola! Modupe is an Associate Professor of Management at Columbia Business School where she also serves as the Director of Sanford C. Bernstein & Co. Center for Leadership & Ethics. Additionally, she is the host of the incredibly popular, TED Business Podcast, and has written for numerous academic journals. What I love about Modupe is that she asked herself early in her career, ‘What are the things I’ve always loved?” And took stock. She listened to her gut, got comfortable with the uncomfortable, took a courageous leap of faith, and followed her true passion in life. In our conversation together today, Modupe shares about the ways in which she is a leader, her philosophy in life, how she leads in the five dimensions of leadership (know yourself, expand your consciousness, speak your truth, activate your mastery, and inspire love), how she discovered her unique strengths, and what she wants the world to know as a black woman, scholar, and leader. Key Takeaways: [:49] About today’s episode with special guest, Modupe Akinola. [1:26] Welcoming Modupe to Fifth Dimensional Leadership! [1:37] Telling the story of how Modupe and I first met. [2:32] Modupe shares her side of our first meeting. [4:05] The magic of taking action when you feel a connection with someone. [4:33] Modupe begins telling the story of her incredible journey. [10:55] The importance of listening to your gut and following your passion. [12:16] Modupe shares the ways in which she is a leader. [14:29] What does inspiring love, and leading in love, look like and mean to Modupe? [16:28] Modupe shares about her recent year-long sabbatical and what she learned from it. [20:44] We all have a choice — but it takes a lot of courage. [22:13] Modupe’s philosophy in life. [25:27] One of the five dimensions of leadership is ‘expand consciousness.’ What does consciousness mean to Modupe? How does it intersect with her philosophy in life? [27:07] The importance of being grateful and expressing gratefulness.[29:55] How did Modupe discover her strengths? [33:40] As a black woman, scholar, and leader, what does Modupe want other people to understand about race and gender around the world? [38:27] The responsibility that we also need to take as black people in order to heal. [41:16] Modupe shares about a recent interview she led with Jennifer Eberhardt on understanding and disrupting racial biases. In this interview, they also discuss this concept of ‘friction.’ Modupe shares what this means and gives some examples. [43:13] Would implementing a competency-based assessment framework when hiring, constitute friction? [44:37] Modupe shares her vision for the future and what we can do as leaders to fortify ourselves and align ourselves to be able to show up. [48:59] Thanking Modupe for joining the podcast. Mentioned in this Episode: Modupe Akinola TED Business Podcast with Modupe Akinola Career Mapping: Charting Your Course in the New World of Work, by Ginny Clarke Ho'oponopono: The Hawaiian Forgiveness Ritual as the Key to Your Life's Fulfillment, by Ulrich E. Duprée The Book of Ho'oponopono: The Hawaiian Practice of Forgiveness and Healing, by Luc Bodin M.D., Nathalie Bodin Lamboy, and Jean Graciet TED Business Podcast Ep: “How to Understand and Disrupt Racial Bias | Jennifer L. Eberhardt” Biased: Uncovering the Hidden Prejudice That Shapes What We See, Think, and Do, by Jennifer L. Eberhardt Ph.D. About Fifth Dimensional Leadership & Ginny Clarke Fifth-Dimensional Leadership is a podcast about leadership — knowing yourself, speaking your truth, inspiring love, expanding your consciousness, and activating your mastery. As an executive recruiter and career expert currently leading executive recruiting at a Fortune 20 tech company, Ginny Clarke is a passionate and authentic thought leader with a unique and deliberate perspective on work and life. She synthesizes aspects of her life as an African-American single mother who has successfully navigated corporate America for over 30 years. She has inspired, uplifted, and changed the lives of thousands and is intentional about bringing conscious awareness to people of all ages and stages. Every other week, a new edition of Fifth-Dimensional Leadership will include fascinating guests, covering a variety of topics: power, personal branding, self-awareness, networking, fear, and career management Stay Connected! To find more episodes or learn more, visit: GinnyClarke.com Connect with her on social media: Facebook, Twitter, LinkedIn, and Youtube
Sallie Krawcheck is an inspiring female founder, one of the most influential women in business, and a Girlboss Rally speaker. Sallie has worked on Wall Street for most of her career and was regularly called "the most powerful woman on Wall Street.” She eventually became the CEO of Merrill Lynch, Smith Barney, US Trust, the Citi Private Bank, and Sanford C. Bernstein. She was also Chief Financial Officer for Citigroup. Over the course of her impressive career in the finance world, Sallie witnessed widespread sexism and disregard of women's investing needs. She’s now the CEO and Co-Founder of Ellevest, a digital investment platform built by women for women, and the chair of Ellevate Network, a global network for professional women. In this episode, learn how Sallie turned a career on Wall Street into a mission to get more money into the hands of women, why not enough women are investing and how we can narrow the gender investing gap by providing women with the right education and tools to become better investors. This episode was recorded live in front of an audience at the Girlboss Rally in 2019 with Neha Gandhi. Sign up for the Girlboss Daily to receive tips on work, life, and how to chase (and reach!) your dreams: https://bit.ly/30A14AL Stop stressing over email and use Mailman to shield you from unimportant emails. Minimize interruptions and make your days calmer and more productive. Try Mailman for free for three weeks at http://bit.ly/mailman_gb. If you like it, use the code GIRLBOSS to save 20% on your first year. Follow Sallie on Linkedin at Sallie Krawcheck and Twitter at @SallieKrawcheck. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Sallie Krawcheck is an inspiring female founder, one of the most influential women in business, and a Girlboss Rally speaker. Sallie has worked on Wall Street for most of her career and was regularly called "the most powerful woman on Wall Street.” She eventually became the CEO of Merrill Lynch, Smith Barney, US Trust, the Citi Private Bank, and Sanford C. Bernstein. She was also Chief Financial Officer for Citigroup. Over the course of her impressive career in the finance world, Sallie witnessed widespread sexism and disregard of women's investing needs. She's now the CEO and Co-Founder of Ellevest, a digital investment platform built by women for women, and the chair of Ellevate Network, a global network for professional women. In this episode, learn how Sallie turned a career on Wall Street into a mission to get more money into the hands of women, why not enough women are investing and how we can narrow the gender investing gap by providing women with the right education and tools to become better investors. This episode was recorded live in front of an audience at the Girlboss Rally in 2019 with Neha Gandhi. Sign up for the Girlboss Daily to receive tips on work, life, and how to chase (and reach!) your dreams: https://bit.ly/30A14AL Stop stressing over email and use Mailman to shield you from unimportant emails. Minimize interruptions and make your days calmer and more productive. Try Mailman for free for three weeks at http://bit.ly/mailman_gb. If you like it, use the code GIRLBOSS to save 20% on your first year. Follow Sallie on Linkedin at Sallie Krawcheck and Twitter at @SallieKrawcheck. Did you enjoy this episode of Girlboss Radio? Comment and let us know what you think on our Instagram, TikTok, Twitter, and Facebook.
Today on the Thriving Beyond Belief podcast, Tod Jacobs and Peter Lynn from Not a Partnership! About the Authors: Tod Jacobs Tod Jacobs is Director of the David Robinson Institute for Jewish Heritage in Jerusalem, which he co-founded in 2005. Prior to his current role teaching and counseling his students and alumni, he enjoyed a distinguished career on Wall Street as one of the leading authorities on the telecommunications industry globally. As a managing director at JP Morgan and before that a partner at Sanford C. Bernstein and Company, Tod acted as a frequent commentator on network television and in leading newspapers and magazines, and testified several times before the U.S. Congress as an expert on telecom and media issues. His credits in print and broadcast journalism, where he worked prior to Wall Street, include nominations for both the Pulitzer Prize for investigative journalism and the Emmy Award. Tod lives in Jerusalem with his family. Dr. Peter Lynn Peter Lynn has served as Dean of Students at the David Robinson Institute for Jewish Heritage since its inception. An MA in Applied Positive Psychology (MAPP) from the University of Pennsylvania and a PsyD in Human and Organizational Psychology, Peter lectures at Touro College in Jerusalem. He is also the Founder and Director of Greatness Within Seminars, where he helps empower individuals and organizations through the application of Positive Psychology. An accomplished athlete and Ironman finisher, Peter was captain of the U.S. World Duathlon Team. Peter lives in Jerusalem with his family. Related Links: WEBSITE: Tod Jacobs and Peter Lynn from Not a Partnership INSTAGRAM: @notapartnership AMAZON: Not A Partnership
BIOFor more than 13 years, Todd and Peter have worked together in the area of marriage. Their primary objective is to help students develop a mature in idealistic vision of marriage as the primary vehicle to create wholeness, meaning, purpose and happiness in their lives, and on working to perfect the character issues that lie at the core of a successful spouse – giving, empathy, focus, staying power and a strong desire to help build the other. Their work combines practical and mystical Jewish wisdom with modern theory and techniques, and with experience accrued through years of real-world implementation and practice. Tod Jacobs is Director of the David Robinson Institute for Jewish Heritage in Jerusalem, which he co-founded in 2005. Prior to his current role teaching and counseling his students and alumni, he enjoyed a distinguished career on Wall Street as a leading authority on the telecommunications industry. As a managing director at JP Morgan and before that a partner at Sanford C. Bernstein and Company, Tod acted as a frequent commentator to leading newspapers, magazines and TV networks, and testified several times before the U.S. Congress as an expert on telecom and media policy. His credits in journalism, where he worked prior to Wall Street, include nominations for both the Pulitzer Prize for investigative journalism and the Emmy Award. Tod lives in Jerusalem with his family.Peter Lynn has served as Dean of Students at the David Robinson Institute for Jewish Heritage since its inception. He holds a MA in Applied Positive Psychology (MAPP) from the University of Pennsylvania, and is Founder and Director of the Greatness Within Seminars, where he helps empower individuals and organizations through the application of Positive Psychology. An accomplished athlete and Ironman finisher, Peter was captain of the US World Duathlon Team. He lives in Jerusalem with his family.To learn more go towww.notapartnership.com**** GIVEAWAY********I'm GIVING AWAY 4 BOOKS!******Win your copy of their book by:--> FOLLOW @drshawnhorn & @notapartnership on Instagram--> Rate and writing a review of this episode on iTunes between the dates of Oct. 18-25, 2020. ****Winner will be announced on Dr. Shawn Horn's Instagram Stories on Oct 26th @drshawnhornWinners will be messaged through Instagram to attain mailing address for the book to be sent.Thank you for entering! Hope you WIN!!! :)
Today on the Thriving Beyond Belief podcast, Tod Jacobs and Peter Lynn from Not a Partnership! Beyond being a typical collaboration between two authors or scholars, this book represents the culmination of more than fifteen years of work that Tod and Peter have done together in the area of marriage. The students of the institute they lead have provided a living laboratory for how to prepare for marriage, face and ultimately overcome its classic and idiosyncratic challenges. The pair’s primary objective with their students as they head towards marriage is to help them focus both on developing a mature and idealistic vision of marriage as the primary vehicle to create wholeness, meaning, purpose and happiness in their lives, and on working to perfect the character issues that lie at the core of a successful spouse — giving, empathy, focus, staying power and a strong desire to help build the other. Their work combines practical and mystical Jewish wisdom with modern theory and techniques, and with experience accrued through years of real world implementation and practice. Their unique but differing backgrounds and accomplishments broaden the impact of their work and partnership still further. About the Authors: Tod Jacobs Tod Jacobs is Director of the David Robinson Institute for Jewish Heritage in Jerusalem, which he co-founded in 2005. Prior to his current role teaching and counseling his students and alumni, he enjoyed a distinguished career on Wall Street as one of the leading authorities on the telecommunications industry globally. As a managing director at JP Morgan and before that a partner at Sanford C. Bernstein and Company, Tod acted as a frequent commentator on network television and in leading newspapers and magazines, and testified several times before the U.S. Congress as an expert on telecom and media issues. His credits in print and broadcast journalism, where he worked prior to Wall Street, include nominations for both the Pulitzer Prize for investigative journalism and the Emmy Award. Tod lives in Jerusalem with his family. Dr. Peter Lynn Peter Lynn has served as Dean of Students at the David Robinson Institute for Jewish Heritage since its inception. An MA in Applied Positive Psychology (MAPP) from the University of Pennsylvania and a PsyD in Human and Organizational Psychology, Peter lectures at Touro College in Jerusalem. He is also the Founder and Director of Greatness Within Seminars, where he helps empower individuals and organizations through the application of Positive Psychology. An accomplished athlete and Ironman finisher, Peter was captain of the U.S. World Duathlon Team. Peter lives in Jerusalem with his family. Visit: Not A Partnership
How to Take Control of Your Career in Turbulent Times Is it time to switch careers? Or perhaps pursue early retirement and create a second career? Savvy career planning requires you to be thinking two steps ahead in the best of times. However, in times like these, your awareness needs to be sharpened. It's wise to tune in intently to what's happening, in and around you, that may affect what's next for you. Maggie Craddock's new book Lifeboat: Navigating Unexpected Career Change and Disruption, offers a strategy and valuable guidance on how to take control of your next career move in a dynamic and uncertain world. In this episode of the Retirement Wisdom podcast, we discuss: What inspired her to write her third book Lifeboat How a Big Ship mindset can take a toll on you How to spot Icebergs that may affect your career planning and direction Why you need to be aware of inner icebergs as well as external ones Her own Lifeboat experience that spurred a career change to more meaningful work How cultivating courage, inner wisdom and emotional agility can help you take control of your life & career Her advice on how to start building a Lifeboat mindset __________________________ Bio Maggie Craddock is an executive coach who has worked with clients at all levels on the professional spectrum – from people entering the workforce to Fortune 500 CEOs. She has been featured on CNBC, National Public Radio and quoted in national publications including the Wall Street Journal, the Los Angeles Times and the Chicago Tribune. Maggie is the author of "Lifeboat: Navigating Unexpected Career Change and Disruption", "Power Genes: Understanding Your Power Persona and How to Wield it at Work", and "The Authentic Career: Following the Path of Self-Discovery to Professional Fulfillment". She has also written several nationally syndicated articles on behavioral dynamics in the workplace, and her work has been discussed in publications ranging from Harvard Business Review to Oprah Magazine. She is a popular keynote speaker at leadership conferences for her corporate clients and industry networking associations. Before building her executive coaching business, Maggie worked for over a decade on both the buy and the sell sides of the financial services industry. As a Portfolio Manager at Scudder, Stevens & Clark, Maggie managed $3 billion in short-term global assets. She received two Lipper Awards for top mutual fund performance: Best Short-Term Multi-Market Income Fund, ranked #1 by Lipper in a universe of 77 funds, and Best World Income Fund over $1 billion in size, ranked #1 by Lipper in a universe of 7 funds. She also served as a National Director of Consultant Relations at Sanford C. Bernstein, representing the firm across all asset classes including emerging markets, domestic and international fixed income, and domestic and international equity to major consultants and pension fund clients nationwide. __________________________ Wise Quotes On the Lifeboat Mindset "This is about actually tapping into difficult feelings, acknowledging them. If you're anxious, if you're envious, if you're resentful, whatever it is, face it, acknowledge it. And then bring yourself back to the present moment so that you don't get pulled into a narrative from the past and capsized by the feelings. It's really about learning to process that emotional energy. And the reason it's so important to be in touch with what you're feeling, particularly when the feelings are big, is in situations where you have more questions than answers. You need to notice those red flags because you may need to course-correct. And then finally the Lifeboat process is about what I call this inner alignment of really aligning your thoughts, your feelings, and your intentions in the present moment, and not trying to take these grand actions that assume you have all the answers right now. And you're just going forward with that.
What Will Your Life in Retirement Be Like After a Highly Successful Career? Some people can't wait to enjoy the freedom to retire. But for many of us, it's just the beginning of the next chapter. What is it like to change lanes and perhaps never retire? Professor Meyer Feldberg is the author of No Finish Line: Lessons on Life and Career. He joins us for a conversation about the book, his reflections on different phases of his illustrious career - including his post-retirement career - and his advice on continuing to move on, contribute, and grow throughout life. ____________________________ Bio Meyer Feldberg served as dean and professor at Columbia Business School for over 15 years. He received a BA from the University of Witwatersrand in South Africa, an MBA for Columbia Business School, and a Ph.D. from the University of Cape Town. In 1972 he was appointed dean of the University of Cape Town’s Graduate School of Business. In 1979 he became director of executive education and associate dean at Northwestern University’s J.L. Kellogg Graduate School of Management. In 1981 he was appointed dean of Tulane University’s A.B. Freeman School of Business, and in 1986 returned to Columbia as professor of management and dean of the Business School. In 2003, he was named the Sanford C. Bernstein Professor of Leadership and Ethics and held the chair until 2007, when he became dean emeritus. In 2007, Mayor Michael Bloomberg appointed Professor Feldberg president of New York City Global Partners. Professor Feldberg is currently a senior advisor in the Investment Banking Division at Morgan Stanley. He and his family have lived in eight cities on three continents. _____________________________ About the Book Meyer Feldberg is a storyteller. The source of his stories is his rich and unique life, which took him from South Africa under apartheid to a C-Suite in present-day New York, from the hallowed halls of academia to the frenzy of global investment banking. As with all storytellers, there is a purpose embedded in each of his stories that is specific in its details but universal in its message. No Finish Line is Meyer Feldberg as his friends and colleagues know him. It is the professor dispensing sage advice. It is the mentor telling a tale about himself that is really about you. In his telling, Feldberg’s story―his successes and his failures―is a lesson plan for how to lead a worthy personal and professional life. This concise volume reminds the reader of the importance of courage and decency in our relationships. Feldberg shows how values such as self-awareness, personal responsibility, and generosity play out in ways that in retrospect become pivotal. He relates his regrets as well as his triumphs, candidly sharing how our failures to live up to our own expectations can continue to haunt us. Written by a leading fixture of New York’s educational, cultural, and business elite, No Finish Line is an engaging portrait of what matters most in living a good and successful life. - Columbia Business School Publishing Order No Finish Line: Lessons on Life and Career by Meyer Feldberg _____________________________ Wise Quotes On Mentoring “It gave me an understanding that there are two kinds of mentoring, mentoring that is destructive and makes life awkward and difficult for you and mentoring that helps you grow - where you admire the individual that's working with you and assisting you and directing you.” On Second Careers “I don't use the phrase second act or second shot. You’ve got to feel the energy of wanting to move on and move up, move on and move up. And then one day, I assume you say, I'm done. I'm not done. But to me, it's not a second act or a third act or a fourth act. It's just been moving on and moving up.” __________________________ Related Podcast Episodes The Skill Set for Life’s Transitions – Bruce Feiler How to Make a Wise Career Switch – Dawn Graham
Sol Kumin has spent his career in the financial services industry, and is a thoroughbred racehorse owner and philanthropist. A graduate of Johns Hopkins, he began his career in finance at Lazard Asset Management and then Sanford C. Bernstein. In 2005, he joined SAC Capital as managing director and was later chief operating officer. At the end of 2014, he founded hedge fund Folger Hill Asset Management with more than $1 billion from investors, serving as CEO until 2018 when the firm was merged with Schonfeld Strategic Investors. He added the role of chief strategy officer for Leucadia Asset Management LLC and is currently the firm’s co-president. Sol bought his first filly in 2014 and has rapidly become one of the most successful racehorse owners in the US, including Preakness winner Exaggerator, Triple Crown winner Justify, Travers winner Catholic Boy and champion fillies Lady Eli, Monomoy Girl, Midnight Bisou, Uni and British Idiom. In this in-depth interview, he talks about the lasting influence of his first job out of college, describes his experience running Folger Hill Asset Management and explains the business focus and practicality he has brought to owning a high-performing stable of prize-winning horses.
Richard Baum is the Managing Partner at Consumer Growth Partners (CGP), a private equity firm that specializes in helping companies with high growth potential to sell or monetize their business. Richard is a Harvard Law School graduate and he studied Economics at the University of Michigan where he graduated magna cum laude. Prior to Consumer Growth Partners (CGP), Richard spent over 15 years as one of Wall Street's leading equity research analysts covering the specialty retailing sector at Credit Suisse First Boston, Goldman Sachs, and Sanford C. Bernstein. In this episode… Are online marketplaces starting to replace brick and mortar stores? Retailers are moving into online marketplaces at lightning speed because of the extent of their reach but for Richard Baum, while they do offer convenience, products sold in physical stores still have an upper hand in key areas of the retail market such as product quality assurance and brand equity. Richard Baum is the Managing Partner at Consumer Growth Partners and for him, selling on Amazon is a great idea but it isn't the end-all and be-all for the companies who are looking to sell their products. He also says that while big brands should consider getting into partnership deals with Amazon to protect their brand credibility, small businesses should focus on establishing their brand in Amazon's volatile retail environment. Eric Stopper sits down with Richard on this week's episode of The Buy Box Experts podcast where Richard talks about his perspective on the banning of adult product ads, what a non-Amazonable product is, why luxury items opt-out of Amazon, and what the future holds for the retail market in the next five years. Stay tuned.
Our guest on the podcast today been called one of the most powerful women in finance. Sallie Krawcheck started her career as an equity analyst at Sanford C. Bernstein, where her reputation for impartial advice and criticism of conflicts of advice in the financial-services sector prompted Fortune magazine to call her the last honest analyst. She later moved to Citigroup, where she served as CEO of the firm's Smith Barney unit, Citi's chief financial officer, and CEO of Citi's, Wealth Management Business. In the latter role, she was an early advocate of a fiduciary standard for the brokerage industry. She went on to Bank of America where she served as president of the firm's wealth management unit. Sallie is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016. She is also owner and chair of Ellevate Network, a global network of women committed to promoting gender equality in the workplace. In the spirit of full disclosure, Morningstar Inc. invested in Ellevest in 2015 and 2019, and Morningstar Investment Management LLC, a subsidiary of Morningstar Inc. provides consulting services to Ellevest for their core portfolios. BackgroundSallie Krawcheck bio Ellevest Ellevate Network “In Search of the Last Honest Analyst,” by David Rynecki, Fortune, June 10, 2002. “BofA’s Krawcheck Backs a Fiduciary Standard,” InvestmentNews, April 20, 2010. “When Citi Lost Sallie,” by Geraldine Fabrikant, The New York Times, Nov. 15, 2008. “Sallie Krawcheck Wants to Take Women to the Top of Business,” by Abigail Jones, Newsweek, Dec. 23, 2014. Gender Pay Gap/Lifetime Earnings“The Narrowing, But Persistent, Gender Gap in Pay,” by Nikki Graf, Anna Brown, and Eileen Patten, Pew Research Center, March 20, 2019. “How a Common Interview Question Hurts Women,” by Claire Cain Miller, The New York Times, May 1, 2018. Salary History Bans: A Running List of States and Localities That Have Outlawed Pay History Questions, HRdive.com, 2020.“Unlocking the Full Potential of Women in the U.S. Economy,” McKinsey & Company, 2011. Education and Lifetime Earnings, Social Security Administration. Women and Caregiving, Facts and Figures, Family Caregiver Alliance. “The Trickle-Down Effect of Caregiving on Women,” by Kathleen Fitfield, AARP.org, Nov. 29, 2018. “Older Women Workers and Economic Security,” U.S. Department of Labor Issue Brief. “How to Stand Up for Paid Family Leave,” Ellevest.com, May 14, 2018. “How to Afford Parental Leave and Some Time Off,” by Sallie Krawcheck, Ellevest.com, Oct. 10, 2016. Diversity in the Workplace/Gender Lens InvestingGender lens investing definition “Gender and Diversity Funds: Intentional Or Not?,” by Madison Sargis, Morningstar.com, April 15, 2019."2 Options for Gender-Lens Investing," by Jon Hale, Morningstar.com, March 2, 2017. Pax Ellevate Global Women’s Leadership Fund “Why Diverse Teams Are Smarter,” by David Rock and Heidi Grant, Harvard Business Review, Nov. 4, 2016. “Diverse Teams Feel Less Comfortable—And That’s Why They Perform Better,” by David Rock, Heidi Grant, and Jacqui Gray, Harvard Business Review, Sept. 22, 2016. “New Research: Diversity + Inclusion = Better Decision-Making at Work,” by Erik Larson, Sept. 21, 2017. Women and Investing“Why Women Invest 40 Percent Less Than Men (and How We Can Change It),” by Jean Chatzky, Nbcnews.com, Sept. 25, 2018. “Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment,” by Brad Barber and Terrence Odean, The Quarterly Journal of Economics, February 2001. “What Does It Mean to Invest Intentionally?” by Sallie Krawcheck, Ellevest.com, Nov. 19, 2019. “Women Reach Their Peak Salaries 10 Years Sooner Than Men,” by Patricia Nilsson and Hannah Murphy, Financial Times, Sept. 19, 2018. Benefits Planner/Life Expectancy, Social Security Adminstration. “Do Women Take As Many Risks As Men?,” by Doug Sundheim, Harvard Business Review, Feb. 27, 2013. "Sallie Krawcheck: The Retirement Crisis Is a Gender Crisis, Too," Morningstar.com, July 11, 2015. “For Some Widows, Breaking Up with An Advisor Is Easy to Do,” by Ilana Polyak, Oct. 11, 2014. “Women Put Financial Security at Risk by Deferring Long-Term Financial Decisions to Spouses, UBS Research Reveals,” UBS.com. “What Women Want in a Financial Advisor,” by Kerry Hannon, Forbes.com, May 13, 2018. “Female Fund Manager Performance: What Does Gender Have to Do with It?” by Madison Sargis and Kathryn Wing, Morningstar.com, March 8, 2018. “Fund Managers By Gender: The Global Landscape,” Morningstar. Fiduciary definition “Let’s Demand Better from the Financial Services Industry,” by Sallie Krawcheck, Ellevest.com, Sept. 20, 2019. “How Wall Street Keeps #MeToo Claims Out of the Spotlight,” by Rob Copeland, Liz Hoffman, and Rachel Louise Ensign, The Wall Street Journal, Jan. 19. 2018. “Wall Street Has Been Unscathed by MeToo. Until Now,” by David Gelles, The New York Times, March 16, 2019. “My Best Career Advice ... Isn’t Career Advice,” by Sallie Krawcheck, Ellevest.com, Nov. 12, 2019.
Listen in to some revelations about secrets with Michael Slepian, the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics. Professor Slepian researches the effect of secret-keeping on our personal and professional lives. According to his findings, being the lone bearer of a secret not only heightens emotions such as inauthenticity and loneliness, but can also feel physically burdensome. Fortunately, Slepian’s research hints at a solution: talking to others about your secret.
Is secret-keeping hazardous to our mental health? Adam and Amanda discuss a research project by Columbia University, speak with guest Kat Black about an addictive and potentially life-threatening secret, and look deep into outer space for secrets that humankind may never see. Join us!Special thanks and credit to:- Linda Blair for her article in the Telegraph entitled: "Why keeping secrets is bad for your health"- Michael Slepian, Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School for his research on the psychology of secrets - our guest Kat Black and her work with Vivify
Richard 'Rich' Pzena is the founder and Chief Investment Officer of Pzena Investment Management, a value-style investment firm. Unlike what some investors believe, technological disruption is not destroying value-style investing, but is creating opportunities for them, Rich says. This because history tells us that ultimately it is the incumbent that benefits from innovation, not 'the next guy on the block'. Rich Pzena podcast overview: 2:11 My father was a value investor until, 25 years ago, he became convinced electric cars would take over the world 3:30 Trying to recreate Benjamin Graham’s work from ‘The Intelligent Investor’ 4:30 But we didn’t have unlimited resources, so we limited our research to stock starting with the letter ‘A’ or ‘B’ 5:00 There is never a reason to buy things full price 6:30 Is the fact that the value premium is easy to measure today has affected its effect? 8:00 The issue with value is not measurement; it is human nature. 11:00 Taking a detour in the oil industry 13:00 Crazy valuations in the oil industry in the 1980s. 16:30 As a sell-side oil analyst I learned the difference between having the data and guessing the data. 19:00 Switching to establishing a small cap portfolio 21:00 I saw what happened when you went from a boutique manager to a multi-billion dollar manager. 25:00 Did you ever made stuff up as a sell side analyst? 28:30 Highly engineered statistical (quant) models can’t possibly work 29:50 Value is not a factor; price to book is a factor. 32:30 Value is behavioural. 36:00 Comparing our process to a simple, low price-to-book model 37:00 Leaving Sanford C. Bernstein 42:00 Joel Greenblatt told me to exclude the bottom third worst return on equity businesses and I was shocked at the result. 45:00 Regression to the mean is just human behaviour: people don’t want to believe that management can fix the problems. 46:00 Value is created when you don’t know what is going to happen. 48:30 Value cycles happen because everyone adopts the same opinion on the market. 52:00 Disruptive technologies have always been around and most of the time it is the incumbents that benefit. It is not always the new guy on the block. 55:00 Tesla’s decision to make cars was a dumb idea. 57:00 The next opportunity is the market’s obsession with the next financial downturn. 1:00:00 Which lessons did you learn the hard way?
Jonathan Freedman is the managing member of Consilience Capital Management LLC. He began his career at Sanford C. Bernstein & Co. as a clerk in 1992 quickly moving up to research assistant to the Chief Investment Strategist, followed by a promotion to research associate. Subsequently, he was promoted to research analyst for the firm’s equity hedge fund product with responsibility for industrial cyclicals. In 1999 Jonathan joined Ulysses Partners as a research analyst. Then in 2000 and 2001, he started managing personal and family portfolios. In 2002, he founded Consilience Partners LP, a long/short value hedge fund with $1.5 million of capital raised. During his time managing Consilience, he had tremendous initial success with select small capitalization ideas. A seed was planted. In 2004, he began to manage a separate account focusing on US small cap value strategies for a multi-strategy hedge fund as an external manager. In 2009, he completely upgraded his idea generation, research, and trading capabilities to tackle global small-cap investing. In 2018 he relaunched his strategy using friends and family capital on a path to once again build a stand-alone investment firm. In this episode, Jonathan shares the importance of developing a strong sense of business ethics and philosophy. This was brought about by his worst investment ever story working for a hedge fund that collapsed in spectacular fashion, got its management arrested and offices raided. Although he operated independently and had absolutely no involvement in any of the wrongdoing this experience brought crushing disappointment to Jonathan’s life. “…when you're dealing with money to make sure you are in a complete alignment.” -Jonathan Freedman What do you want to hear from the My Worst Investment Ever Podcast? Tell us here! Resources: My Worst Investment Ever Book myworstinvestmentever.com Jonathan Freedman's Linkedin Article: If I'm Being Totally Honest Topics Covered: 00:45 – An account of Jonathan’s educational and career background as well as his personal life and what he does for good causes and charities. 03:09 – Jonathan relating his worst investment ever and the lessons and insights about that business failure. 09:17 – Talking in hindsight about the downfall of Jonathan's previous business. 11:58 – Explaining business ethics and investment philosophies. 14:38 – Jonathan talking about the value of honesty in business dealings and how his father was his biggest influence on that matter. 15:50 – Valuable lessons learned from a failed business and the long-term consequences of every decision you make especially in business. 18:58 – The thing about the sixth sense in business dealings. 19:48 – Jonathan sharing his thoughts on decision making and the power of chance. 23:10 – Nuggets of wisdom from Andrew on zero-based thinking. 22:10 – Jonathan's specific action: Self-reflect and align yourself in a better way. Main Takeaways: Lesson 1: “Every single decision has long-term implications. So if I think about one skill that we want to keep developing in our life, its decision making. It's always impossible to see unintended consequences that come from decisions, but let's just learn from this to say every decision has long-term consequences.”– Andrew Stotz Lesson 2: “The ultimate customer is the client. The ultimate beneficiary is the client. So wrongdoings done by some clown, overtrading someone's account, or not following the mandate that they've been given. Those types of things are going to damage the client and therefore we all have an obligation to speak up so that the client is not damaged.”– Andrew Stotz Lesson 3: “The hard-line about honesty that you're building in your son is actually building a sixth sense. So that when in the future you're not around and he's about to make a small little decision that crosses that line, his sixth sense about the ethics will hopefully shine a light on what behavior to do. ”– Andrew Stotz Lesson 4: “If you're in this situation where you have misgivings of any kind, whether they're very subtle or very stark, change course because you know ultimately dishonesty never leads to anything good.”– Jonathan Freedman Lesson 5: “…when you go into business with people you know, you want to make sure that the ideals match. I think there's a subtle difference between the two, right? Because if you say compromise your ideals, you're saying you are going to conduct business in a slightly different way. Of course, you're going to get a capital allocation and it makes you uncomfortable, but you're going to do it anyway.”– Jonathan Freedman You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Connect with Jonathan Freedman: Linkedin consiliencecapital.com Connect with Andrew Stotz: www.astotz.com Linkedin Facebook Instagram Twitter Youtube My Worst Investment Ever Podcast
In this podcast, Christian Rolon (MBA '19) interviews Garry Reeder, Vice President at the Center for Financial Services Innovation. This episode was recorded live at the Financial Inclusion Summit. Garry leads the Financial Solutions Lab at CFSI. In this podcast, Garry discusses CFSI's mission and investing activities, regulatory developments in fintech, and fintech and blockchain applications for the underbanked. Garry Reeder is the Vice President of Innovation and Policy at the Center for Financial Services Innovation. Garry also leads the Financial Solutions Lab at CFSI. The Financial Solutions Lab is a partnership between CFSI and J.P. Morgan Chase. The Financial Solutions Lab invests in entrepreneurs and startups that are working on improving the financial health of consumers around the world. Past startups that have gone through the program include: Dave, Digit, EarnUp, LendStreet, Nova, Scratch, and WiseBanyan. Prior to his current role at CFSI, Garry had an extensive background in the public and private sector. Within the private sector, Garry has a decade of asset management experience, spanning across Ziff Brothers Investments and Sanford C. Bernstein & Co. Garry later went on to co-found Fenway Summer Ventures, an early-stage venture capital firm investing in Fintech firms. Garry has also advised a number of financial service institutions around the regulatory landscape, first at BlackRock, where Garry led the Consumer Financial Services Advisory Practice, and then at Chain Bridge Partners, where Garry was a Managing Director. Garry also spent time in the public sector, specifically at the U.S. Treasury. At Treasury, Garry worked on the Auto Team, overseeing TARP's investments in the auto sector, and the General Motors IPO. Garry went on to serve as the Chief of Staff for the Consumer Financial Protection Bureau, helping to develop Project Catalyst. Garry has his BA from Yale, and his MBA from Columbia Business School. The Financial Inclusion Summit was organized by Rex Salisbury, the founder of Fintech Devs and PMs Meetup. The community has roughly 2,000 members, hosting monthly events highlighting many exciting Fintech firms in the Bay Area. Past Meetups have featured speakers from: a16z, Affirm, Branch, EarnIn, Plaid, SoFi, Wealthfront, and many others. Learn more at: https://www.fintechdevsandpms.com/.
Do women and men view delegation differently? In this seminar, Modupe Akinola shares her research showing that women imbue delegation with more agentic traits, have more negative associations with delegating, and feel greater guilt about delegating than men. These associations result in women delegating less than men and, when they do delegate, having lower-quality interactions with subordinates. Furthermore, she discusses an intervention that can attenuate women’s negative associations with delegation. Modupe Akinola, Sanford C. Bernstein Associate Professor of Leadership and Ethics, Columbia Business School
In this episode, we dig into China’s technology innovation efforts and explore how China has become the tech workshop of the world. To give context to China’s efforts to innovate in technology, Dr. Scott Kennedy, director of the CSIS Project on Chinese Business and Political Economy, sat down with China tech sector expert Alberto Moel – a senior research analyst at Sanford C. Bernstein, a premier investment research firm based in Hong Kong. Scott and Alberto discuss the emergence of Shenzhen as a tech capital, the rise and fall of companies in the Chinese smart phone market, key Chinese tech firms you probably haven’t heard of yet, the future of technology product development in robotics and automation, and what countries like the United States could do in response to China’s innovation drive. Hosted by Will Colson. Audio edited by Liz Mayes. Written and produced by Jeffrey Bean. https://www.csis-cips.org/To learn more, visit our China Innovation Policy Series site here:
Bob Doll, chief equity strategist at Nuveen Asset Management, says rates are in a long-term bottoming process. Gene Munster, an analyst at Piper Jaffray, says Google has a lot to be excited about and has kept revenue growth going. Sara Senatore, a senior analyst at Sanford C. Bernstein, says the Chipotle brand is still very good. Robert Peck, senior director of internet research at SunTrust Robinson Humphrey, says big tech companies are continuing to grow and it shows the power and scale of companies like Google and Amazon. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Bob Doll, chief equity strategist at Nuveen Asset Management, says rates are in a long-term bottoming process. Gene Munster, an analyst at Piper Jaffray, says Google has a lot to be excited about and has kept revenue growth going. Sara Senatore, a senior analyst at Sanford C. Bernstein, says the Chipotle brand is still very good. Robert Peck, senior director of internet research at SunTrust Robinson Humphrey, says big tech companies are continuing to grow and it shows the power and scale of companies like Google and Amazon.
On this episode of Slate Money, hosts Felix Salmon of Fusion, Slate’s Moneybox columnist Jordan Weissmann, and Senior Finance Correspondent at Business Insider, Linette Lopez (@lopezlinette). Topics discussed on today’s show include:Why the brokerage firm Sanford C. Bernstein & Co., LLC. says passive investing is worse than Marxism.What the makers of the anti-allergy shot EpiPen are saying vs. what they are doing about the high cost of the drug.Why people are sick and tired of hedge funds.Check out other Panoply podcasts at itunes.com/panoply. Email: slatemoney@slate.com Twitter: @felixsalmon, @mathbabedotorg, @JHWeissmann Production by Veralyn Williams. Slate Money is brought to you by Harry’s. For a smooth shave at a great price, go to Harrys.com and use promo code money to get 5 dollars off your first purchase. And by Placemakers, a new Slate podcast made possible by JPMorgan Chase. This podcast tells the stories of neighborhoods, businesses, and nonprofits that are working together to move their communities forward. Download and Subscribe to Placemakers wherever you get your podcasts. And by Trunk Club. Look your best in clothes hand-picked by your own personal stylist. Get started today at TrunkClub.com/money. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of Slate Money, hosts Felix Salmon of Fusion, Slate’s Moneybox columnist Jordan Weissmann, and Senior Finance Correspondent at Business Insider, Linette Lopez (@lopezlinette). Topics discussed on today’s show include:Why the brokerage firm Sanford C. Bernstein & Co., LLC. says passive investing is worse than Marxism.What the makers of the anti-allergy shot EpiPen are saying vs. what they are doing about the high cost of the drug.Why people are sick and tired of hedge funds.Check out other Panoply podcasts at itunes.com/panoply. Email: slatemoney@slate.com Twitter: @felixsalmon, @mathbabedotorg, @JHWeissmann Production by Veralyn Williams. Slate Money is brought to you by Harry’s. For a smooth shave at a great price, go to Harrys.com and use promo code money to get 5 dollars off your first purchase. And by Placemakers, a new Slate podcast made possible by JPMorgan Chase. This podcast tells the stories of neighborhoods, businesses, and nonprofits that are working together to move their communities forward. Download and Subscribe to Placemakers wherever you get your podcasts. And by Trunk Club. Look your best in clothes hand-picked by your own personal stylist. Get started today at TrunkClub.com/money. Learn more about your ad choices. Visit megaphone.fm/adchoices