Podcasts about Shareholder

In this episode, Deepak and Shray unpack the ins and outs of international investing—why it matters, when it makes sense, and who it's really for. From rupee depreciation to political and geographical risks, they explore the key reasons to diversify your portfolio beyond India's borders. They also discuss a crucial question: At what level of capital does it become meaningful to place your money outside? The conversation weaves in perspectives from investing greats—Peter Lynch, who believed in the power of consumer insight, and Devina Mehra, whose latest book "Money Myths and Mantras" emphasizes global allocation as a must-have strategy. With fresh data on market returns (both in INR and local currency terms), the duo breaks down how different regions have performed—why Europe and China have struggled, and how the US tech boom, largely driven by the Nasdaq, has outshone the rest. But can the US continue to dominate, especially in light of Fed Chairman Powell's recent remarks on tariffs? They also touch upon an important side of global investing: taxation. From the complexities of capital gains to the lesser-known estate tax, and how investment vehicles like UCITS can help navigate these issues. Tune in for a comprehensive, no-fluff guide to international investing—what works, what to watch out for, and how to do it right. 0:00 - 2:10 Introduction 2:11 - 8:27 Why should you invest abroad? 8:28 - 10:53 Economic growth ≠ Shareholder returns 10:54 - 19:35 How to select international investments? 19:36 - 27:31 Regular international investments 27:32 - 32:17 Commodity Diversification 32:18 - 40:50 Managed International Investment Solutions 40:51 - 43:37 Good time to global? 43:38 - 47:17 Domestic vs. International Brokers 47:18 - 50:34 Tax on Foreign Equity 50:35 - 54:17 Tax Collected at Source 54:18 - 56:38 U.S. Estate Taxes 56:39 - 59:50 UCITS -- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

RSL Partial Shareholder David Blitzer joined Jake & Ben to talk about LHM acquiring RSL. 

Hour 2 of Jake & Ben on April 18, 2025 RSL Partial Shareholder David Blitzer joined Jake & Ben to talk about LHM acquiring RSL.  Jake & Ben spoke with John Kimball, President of RSL & the Utah Roayals about LHM aquring the teams.  Hear from Steve Starks, CEO of LHM Sports + Entertainment, who joined Jake & Ben to talk about the acquistion of RSL Football Holdings.  Jessica Burman, Commissioner of the National Women's Soccer League, chatted with Jake & Ben about the LHM Sports + Entertainment Group buying a majority share of the Utah Royals. 

Jake & Ben Full Show from April 18, 2025 Hour 1 Top 3 Stories of the Day: Big Announcement today from RSL, NBA Play-In continues tonight, Highlights from yesterday's show.  Today Miller Sports + Entertainment announced that they have acquired a controlling Interest in RSL & Utah Royals. Hour 2 RSL Partial Shareholder David Blitzer joined Jake & Ben to talk about LHM acquiring RSL.  Jake & Ben spoke with John Kimball, President of RSL & the Utah Roayals about LHM aquring the teams.  Hear from Steve Starks, CEO of LHM Sports + Entertainment, who joined Jake & Ben to talk about the acquistion of RSL Football Holdings.  Jessica Burman, Commissioner of the National Women's Soccer League, chatted with Jake & Ben about the LHM Sports + Entertainment Group buying a majority share of the Utah Royals. 

Proxy Season 2025: How Shareholders Are Making an Impact Amid Political Pushback At AIO Financial, we specialize in helping our clients align their investments with their values through socially responsible investing (SRI). We believe in the power of the individual investor—and there's no better example of that power than proxy season, when shareholders come together to hold corporations accountable. The 2025 Proxy Preview Report, developed by As You Sow, Proxy Impact, and Empower Venture Partners, underscores how shareholder advocacy remains one of the most powerful tools we have to influence corporate behavior—even in the face of increasing political and regulatory headwinds.

In this episode of the BizNews Briefing, Dr Frans Cronjé provides context on the ANC's popularity plunge that's taken it below the DA - and an update on how Washington is viewing SA (and ‘special envoy' Mcebisi Jonas); Apple's share price jumps after the iPhone maker is granted exemption from the 145% tariff on Chinese imports; plus more implications of the Trump Tariffs locally and globally as China launches a charm offensive in South East Asia.

Anson Frericks, a former president at Anheuser-Busch-formerly the home of America's most popular brewery-watched as the company unraveled at the hands of globe-trotting financiers and progressive middle management. In LAST CALL FOR BUD LIGHT: The Fall and Future of America's Favorite Beer (Threshold Editions hardcover; February 4, 2025), Frericks reveals that rather than pursue shareholder profits, Anheuser-Busch suddenly became focused on stakeholder capitalism and the vague mandates of environment, social, and governance (ESG). This ill-advised change culminated in the shocking evaporation of $30 billion in market cap after releasing an advertising campaign starring political activist Dylan Mulvaney. Now, Anheuser-Busch's evolution and its subsequent fallout is brought to light as never before with this ultimate insider's look. In LAST CALL FOR BUD LIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/arroe-collins-like-it-s-live--4113802/support.

Simon Cooke is a founding shareholder and board member of Catella APAM, with over 40 years of experience in UK commercial real estate. He co-founded APAM in 2009 and he chairs the Investment Committee and shapes strategy, asset management, and client relationships. Simon recently launched the firm's first listed equities fund, securing £102.2 million to target undervalued UK-listed property companies. His background includes senior roles at Deutsche Asset Management, Close Brothers' and CBRE giving him deep insight into both public and private markets. I sat down with Simon, to discuss a broad range of subjects which covered some of the following topics: ·   Early career steps, Rugby and what drew him into a career in real estate ·   The story behind the name "APAM" ·   The value of focusing on your strengths and staying in your lane ·   Starting APAM by capitalising on distressed and receivership opportunities during the GFC ·   Evolving the model to partner with international private equity, by providing asset-level expertise ·   How he and Will built, scaled, and reasons for part exiting to Catella ·   Structuring JV's with partners, and aligning incentives ·   Choosing the right opportunities over chasing sector trends ·   Balancing personal circumstances with professional ambitions ·   Why now is the right moment to launch a UK equity fund Oh and one last question - who are the People, what Property, and in which Place Simon would invest should he have £500m of capital at his disposal. Catch the full episode which is live on Youtube, Spotify and Apple NOW! The People Property Place Podcast

In this episode of Yet Another Value Podcast, host Andrew Walker returns for a solo discussion on Keros Therapeutics (KROS), a biotech firm navigating a dramatic fall from grace. Once buoyed by hopes for its leading drug Cybo (KER-012), KROS is now reeling from halted trials and a steep drop in share price. Andrew lays out the case for why this company, despite setbacks, may still hold considerable value. He explores KROS's licensing deal with Takeda, their significant cash reserves, and questions surrounding its future direction. Calling on shareholder alignment and corporate governance, Andrew challenges listeners to consider whether KROS is veering into zombie biotech territory—or poised for a smart pivot.Stat+ article on zombie biotechs and Sutro: https://www.statnews.com/2025/03/19/sutro-bio-biotech-luvelta/Chapters:[00:00:00] Sponsor and Intro[00:03:00] Recap of Sage Pharmaceuticals as a case study in shareholder value.[00:04:48] Introduction to KROS and its recent setbacks, including Cybo's trial halt.[00:05:05] Defining the “zombie biotech” phenomenon and why it matters.[00:08:21] Misaligned incentives between management and shareholders in troubled biotechs.[00:10:04] Why KROS's partnership with Takeda could be its most valuable asset.[00:13:14] Review of KROS's three main drugs: Cybo, 065, and 050 (licensed to Takeda).[00:14:55] Risk-adjusted value potential of KROS's royalties from Takeda deal.[00:17:01] Mixed data from 065 and skepticism from analysts.[00:18:09] Potential but doubtful value remaining in Cybo post-trial shutdown.[00:18:40] KROS's massive cash balance vs. market cap and implications for shareholder returns.[00:20:05] Breakdown of 2023 overhead and burn rate concerns.[00:21:53] Call for drastic cost cuts and corporate reevaluation.[00:23:36] Analysis of board alignment and concern over lack of urgency.[00:25:44] Why KROS no longer needs a science-heavy board.[00:28:44] Shareholder engagement as a tool to prevent value destruction.[00:31:33] Encouragement for listeners to contact the board and advocate for value-maximizing outcomes.Links:See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimer

AI is now being used in legal trials, specifically divorce trials! Anna and Raven speak with OWLawyers Senior Shareholder Michelle May O'Neil to find out how it is being used and how to protect yourself! You can find her at https://www.owlawyers.com/our-team/michelle-may-oneil/

New laws were enacted in 2024 that affect California trust and estate practitioners. Join our two speakers, attorneys Jadene M. W. Tamura and Mara M. Mahana, on this episode as they describe the highlights of the new laws and how they affect trusts and estates practice, estate and trust litigation, incapacity proceedings, and more.About Our Podcast Speakers:Jadene M. W. Tamura is a Shareholder and Co-Chair of the Trusts & Estates Department at Parker Milliken, practicing in the areas of trust and estate planning, administration, and litigation. Jadene is a certified specialist in estate planning, trust, and probate law by the State Bar of California Board of Legal Specialization, and is a member of the Executive Committee of the Trusts and Estates Section of the California Lawyers Association (TEXCOM). Jadene may be reached at jtamura@pmcos.com.Mara M. Mahana is a Senior Wealth Strategist and Executive Director at Wells Fargo Bank. Mara works with high- and ultra-high net worth clients to review, develop, and consult on estate and wealth transfer plans, taking into consideration clients' unique values, needs and circumstances. Prior to joining Wells Fargo Bank, Mara was a practicing attorney with 20 years of experience in trust and estate law.  Mara is a member of the Executive Committee of the Trusts and Estates Section of the California Lawyers Association (TEXCOM).Thank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Cat Hammons and Todd Gajdusek

Episode Summary  Host:  Melissa Chase, Senior Content Marketing Manager, Morningstar Sustainalytics  Lindsey Stewart, CFA, Director of Investment Stewardship Research, Morningstar Sustainalytics  Guests:  Hortense Bioy, CFA, Head of Sustainable Investing Research  Jackie Cook, Senior Director, Stewardship  Trends in Sustainable Investing and ESG-Focused Proxy Voting Activities  ESG In Conversation welcomes Lindsey Stewart as the new co-host for the podcast. He and Melissa chat about current developments in the sustainable investment space and the uncertainties investors and companies face. This month's episode includes three compelling interviews with some of Sustainalytics' experts, including Lindsey. Tune in to hear perspectives on sustainable investing trends and the continuously changing regulatory landscape. The discussions also cover recent research examining patterns in investors' proxy voting activities, how companies' share structures can influence vote outcomes and how that plays out for certain ballot items like say on pay.   Share Your Feedback   Please take a moment to share your thoughts on ESG in Conversation. You can email us at podcast@sustainalytics.com.  Key Moments   00:00:26  Introduction  00:03:32  Interview with Hortense Bioy on sustainable investing trends, regulatory changes and the impact on the investment funds landscape.  00:14:29  Interview with Jackie Cook covering recent research on the impact of dual class share structures on sustainability-focused shareholder resolutions.  00:28:42  Interview with Lindsey Stewart on the widening gap between European and US investors environmentally and socially focused shareholder resolutions.  00:36:24  Closing remarks    Links to Select Resources Six Sustainable Investing Trends to Watch in 2025 Report  Shareholder Democracy and the Challenge of Dual Class Share Structures  Say on Pay: CEO Compensation and the Long Tail of Shareholder Dissent  Voting on ESG: A Gap Becomes a Gulf  Ad: To learn more about the Morningstar Sustainable Investing Summit and to register visit https://www.morningstar.com/business/events/morningstar-sustainable-investing-summit 

When we invest our hard-earned money, we naturally seek a financial return—but could there be other rewards as well?Faith-based investing offers more than just financial gains. Today, Finny Kuruvilla joins us to explore the deeper impact of aligning our investments with our values.Dr. Finny Kuruvilla serves as a Co-Chief Investment Officer, Senior Portfolio Manager, and founding member of Eventide Asset Management, an underwriter of Faith & Finance. He holds an M.D. from Harvard Medical School, a Ph.D. in Chemistry and Chemical Biology from Harvard University, a master's degree in Electrical Engineering and Computer Science from MIT, and a bachelor's degree from Caltech in Chemistry.Common Objections to Faith-Based InvestingIndeed, Christians might have different views on some of these, but here are three of the most common that Finny hears consistently:Objection 1: “I'm not responsible for the actions of the companies I invest in.”Many investors assume that purchasing stocks or mutual funds does not connect them to a company's actions. However, investing is ownership. When you purchase shares in a company—whether publicly traded or private—you become a partial owner.If you owned a small business and that business engaged in unethical practices, it would reflect on you. The same principle applies to publicly traded companies. As shareholders, we are tied to the actions and values of the companies we invest in.Objection 2: “What difference can I make? These companies are too big.”Some argue that individual investors cannot influence large corporations. However, history shows that even a small percentage of engaged investors can shape corporate values—just like voting in an election, where small margins can determine the outcome.Through shareholder engagement, faith-driven investors can influence corporate decision-making. Large companies respond to shareholder resolutions, and when values-aligned investors unite, they can steer businesses toward ethical practices.Objection 3: “Faith-based investing means I'll underperform financially.”A common concern is that limiting investment choices to faith-aligned companies will lead to lower returns. However, research suggests otherwise.Companies with strong ethical foundations—those that treat employees well, operate with integrity, and provide valuable goods and services—tend to outperform over the long term. Businesses that exploit customers or employees may see short-term gains but often struggle in the long run. Faith-based investing is not just morally sound—it's also financially strategic.The Three Benefits of Faith-Based Investing 1. Integrity: Investing with a Clear ConscienceThe foundation of faith-based investing is the principle of loving our neighbor. Jesus taught us to treat others as we want to be treated (Luke 6:31), and this applies to business and investing as well.Proverbs 1 warns against pursuing “ill-gotten gain,” or wealth that exploits others. Many mainstream funds include companies engaged in tobacco, gambling, and unethical labor practices.Investing with integrity means choosing companies that:Provide valuable goods and servicesTreat employees fairlyOperate with transparency and ethical leadershipBusiness should be about supplying goods and services—not exploiting people. Faith-based investing ensures that we support businesses that contribute to human flourishing.2. Impact: The Power of Faith-Driven InvestorsOne of the most compelling reasons for faith-based investing is the ability to make a real impact. History provides powerful examples of how Christian investors have shaped industries and social policies.A notable case is the role of Christian investors in ending apartheid in South Africa. In the 1970s, a group of faith-driven investors partnered with Reverend Leon Sullivan to pressure corporations like Ford and General Motors to implement anti-apartheid policies within their workplaces. These shareholder resolutions sparked a domino effect, leading other companies to follow suit.This example demonstrates that investors—when united and strategic—can drive significant cultural and ethical change. Today, faith-driven investors have opportunities to:Encourage companies to uphold biblical values in business operationsAvoid investing in industries that profit from addiction, exploitation, or human sufferingPromote corporate social responsibility by engaging in shareholder activism3. Performance: Ethical Investing Can Lead to Strong ReturnsMany assume that avoiding certain industries—such as gambling, pornography, or companies that oppose Christian values—means sacrificing returns. However, data suggests that companies with strong ethical principles actually perform better over time.Most investors define total return as:Share price return + dividend returnHowever, a biblical perspective expands total return to include:Financial return + integrity + impactInvesting in companies that operate with integrity and long-term vision leads to sustainable growth and reduced risk. Ethical companies that treat employees well, focus on quality products, and manage resources wisely often outperform businesses prioritizing short-term profits over long-term stability.How to Get Started with Faith-Based InvestingFor many believers, the idea of faith-aligned investing is a brand-new concept. They strive to honor God in spending, giving, and career choices, but they haven't considered how their investments align with their faith.Here's how to begin:Use screening tools—Many financial platforms provide tools to evaluate how investments align with Christian values. Work with faith-driven investment professionals—Christian financial advisors and fund managers can guide you toward biblically responsible portfolios. You can find a Certified Kingdom Advisor (CKA) when you go to FaithFi.com and click "Find a Professional." Explore faith-based funds—Several firms specialize in faith-aligned investments. Eventide is one of many great options available. To find a complete list of faith-based investment funds and companies, visit faithandinvesting.com/faithfi.  Pray for wisdom—Ask God to guide your financial decisions, ensuring that your investments honor Him and advance His kingdom.Faith-based investing is more than a financial strategy—it's a movement. As more believers align their financial decisions with their faith, they contribute to a marketplace that reflects God's heart for justice, integrity, and human flourishing.When investors choose integrity, prioritize impact, and trust that God honors ethical investing, they participate in kingdom work that extends beyond their own lifetime.If you're ready to take the next step, learn more at EventideFunds.com. Faith-based investing isn't just about returns—it's about stewardship that glorifies God and blesses others.On Today's Program, Rob Answers Listener Questions:My wife and I inherited a house from a family member, and it's out of state. We would like to keep it and use it for friends and family, but we don't want to rent it out. What are your thoughts on this situation?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazineEventide Asset ManagementWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Find out the latest trends in shareholder proposals—and whether they'll succeed.     Shareholder proposals are at an all-time high, but support for most of these proposals has greatly declined. What's on deck for this year's proxy season, and how should corporations prepare to engage with shareholders?     Join Steve Odland and guest Andrew Jones, principal researcher at The Conference Board ESG Center, to find out why proxy filings have risen, what's trending in proposals related to DEI and ESG, and why shareholders are starting to scrutinize companies' charitable donations.    (02:17) Trends in Shareholder Proposals (03:08) Impact of SEC Rule Changes (04:38) Focus on Environmental and Social Issues (10:18) Mechanics of Shareholder Proposals (12:15) Corporate Governance Trends (14:57) Environmental Proposals and Investor Sentiment (18:58) Social Proposals and DEI (23:50) Emerging Issues: AI and Corporate Governance   For more from The Conference Board:  2025 Proxy Season Preview  The 2025 Proxy Season: Striking a Balance  Shareholder Activism: Expectations for 2025 

Originally uploaded March 14, re-edited March 20th. Chris Holman welcomes back Amanda J. Dernovshek, Shareholder, Foster Swift Collins & Smith PC, Lansing, MI with 6 offices across the state. There were several things Chris Holman wanted to find out from Amanda in this conversation: What is the latest update regarding the Corporate Transparency Act? Smith case in Texas – Nationwide ban stayed on February 18 FinCEN Notice on February 19 instituting a March 21, 2025 deadline to comply. i. Notably, FinCEN said it would use the 30 day period to assess its options for further modification of the deadlines and will “prioritize reporting of those entities that pose the most significant national security risks” US Department of Treasury issued a statement March 2, 2025 i. No penalties or fines will be issued for noncompliance ii. Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Simultaneously, there are several cases percolating through the court system. i. A Michigan court just found that the CTA is unconstitutional based on fourth amendment grounds ii. Top Shop case in Fifth Circuit will have oral arguments next month What do all the changes mean? How can we remain up to date on the changes? FinCEN BOI website - https://www.fincen.gov/boi Foster Swift CTA Page - https://www.fosterswift.com/f-corporate-transparency-act.html » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/

Chris Holman welcomes back Clifford {Cliff} Hammond, Shareholder, Employment & Labor Lawyer, Foster Swift Collins & Smith, Southfield and Lansing - Foster Swift, with a half dozen locations across Michigan. Chris had several questions about the Michigan Earned Sick Time Act for this conversation: Welcome back Cliff as of mid-March 2025, where do we stand with Michigan's ESTA? What were the key points of the legislative compromise recently signed by the Governor? Who must comply at this point? What are the deadlines? Any other changes anticipated at this point? Are there any major blind spots in the law that employers need to be aware of? Does Foster Swift have a resource to help businesses navigate this issue? » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/

Based on AHLA's annual Health Law Connections article, this special series brings together thought leaders from across the health law field to discuss the top ten issues of 2025. In the ninth episode, Adam Laughton, Shareholder, Greenberg Traurig LLP, speaks with Jennifer Nelson Carney, Member, Epstein Becker & Green PC, about the latest developments related to gender affirming care. They discuss what gender affirming care is; state legislative and medical board activities; the Skrmetti case; Trump Administration executive actions, federal agency memos, and ensuing litigation; and how to counsel health care providers in this rapidly changing environment. From AHLA's Physician Organizations Practice Group.Watch the conversation here.AHLA's Health Law Daily Podcast Is Here! AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this new podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast.

Did you hear about the guy who owned last year's top-performing funds? Yeah, it's too bad he bought them this year, though.There's a lot of evidence to suggest that buying and holding index funds will pay off in the long run. Benji Bailey joins us today to make the case with some impressive numbers.Benji Bailey is Vice President of Investments and Senior Fixed Income Manager at Praxis Mutual Funds, an underwriter of Faith & Finance.The Importance of Indexes in InvestingTo understand index funds, we can view them like guideposts in a national park. Just as signs direct visitors to scenic views and help them stay on the right path, indexes serve as essential benchmarks for investors. These benchmarks, such as the S&P 500 for large-cap stocks or the Bloomberg Aggregate for bonds, allow investors to measure their progress toward financial goals.Without these guideposts, investors risk straying off course, possibly realizing too late that their portfolio has been heading in the wrong direction. Publicly available indexes provide a crucial check-in, ensuring investments align with long-term objectives.Many investors believe they can outperform the market by actively trading stocks. However, research suggests otherwise. A study published in The Journal of Finance found that individuals who frequently traded stocks underperformed compared to those who traded less.Over a six-year period:The market returned approximately 18% annually.Less active traders saw returns of around 16.4%.The most active traders only achieved 11.4%, underperforming by over 6%.This trend highlights the dangers of excessive trading. Warren Buffett summarized it well: “The stock market is designed to transfer money from the active to the patient.” The Bible echoes this wisdom in Proverbs 13:11: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.”Active vs. Passive Mutual FundsA key distinction in investing is the difference between active and passive mutual funds:Active funds: Managed by professionals who handpick a smaller set of stocks, hoping to outperform the market.Passive funds: Designed to mirror an index, holding a broad range of stocks for stable, long-term growth.According to Morningstar, over the past 15 years, only 9% of actively managed large-cap funds outperformed their passive counterparts—meaning 91% of active funds underperformed. This data suggests that passive investing can be a more reliable strategy for many investors.Aligning Investments with Faith ValuesMany faith-driven investors worry that traditional index funds may include companies whose values don't align with their beliefs. Praxis Mutual Funds addresses this concern by screening out companies involved in industries such as:AlcoholTobaccoGamblingAbortion-related businessesHowever, the more companies an investor removes from an index, the greater the potential for volatility in returns. For example, removing just one company from the S&P 500 would have little impact, but excluding half of the index's stocks would significantly increase volatility.Praxis Mutual Funds utilizes an optimized equity index strategy to balance faith-based values with financial performance. Instead of replicating an index, Praxis screens out objectionable companies and uses a software-driven approach to reallocate funds into a diversified mix that closely tracks the market's performance.This method allows faith-based investors to remain aligned with their values without sacrificing reasonable returns.The Role of Patience in InvestingMarket volatility can make investing an emotional challenge. Many investors instinctively buy when the market is high and sell when it's low—precisely the opposite of what leads to long-term success.Historical data shows that the S&P 500 has had an average annual return of around 10% over the past 97 years, but actual yearly returns rarely fall near that average. Investors who stay the course and focus on long-term gains are more likely to benefit from market growth.The Bible encourages this patient approach in Ecclesiastes 11:2: “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” Diversification and patience are essential principles for wise investing.Making a Positive Impact Through InvestingBeyond screening out specific companies, Praxis Mutual Funds takes an active role in making a positive impact through:Proxy voting: Ensuring shareholder influence aligns with faith values.Shareholder engagement: Advocating for ethical corporate practices.Community development investing: Allocating 1% of funds to microfinance and social impact projects.Faith-based investing is about more than avoiding harmful industries; it's also about using investment dollars to create meaningful, Christ-centered change in the world. Whether through index funds or faith-based investment strategies, the goal is to align financial decisions with biblical principles.As Proverbs 21:5 reminds us: “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.” A well-planned investment strategy, guided by faith and patience, can lead to lasting financial fruitfulness.For those interested in learning more about faith-based investing, Praxis Mutual Funds provides a wealth of information at PraxisInvests.com.On Today's Program, Rob Answers Listener Questions:As the executor of my deceased relative's estate, do I need to report my role to FinCEN, similar to reporting the controlling party of a company?I'm 85, and I draw Social Security. I used to do side jobs, and when I filed my taxes because of the side jobs, my CPA told me I don't need to file taxes anymore since I'm on Social Security. Now I'm hearing they're talking about cutting taxes on Social Security, so I'm confused. Do I still need to file taxes if Social Security is my only income?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazinePraxis Mutual FundsNeither Poverty nor Riches: A Biblical Theology of Possessions (Volume 7) (New Studies in Biblical Theology) by Dr. Craig BlombergWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Bill Hamblet talks with Martin J. Bollinger about his recent article on Shipbuilding in the February issue of Proceedings.

Today's guest is Aaron Froug, founder of Grifin, the company that helps you buy stock where you shop. In today's episode, Aaron explains how the app connects everyday spending with investing by automatically buying stock in a company you make a purchase from. Meb & Aaron also touch on financial literacy, the benefits of consumer loyalty, and the future for the company. New users earn a $25 bonus by using the code INVEST. (0:00) Starts (0:34) Sponsor: YCharts (1:42) Introduction of Aaron Froug (3:24) Griffin app overview (7:00) Simplifying the investment process (11:33) User demographics (17:14) Shareholder perks (20:28) Grifin's origin story (24:38) Customer feedback and marketing strategies (29:00) Brand partnerships ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's Daily Fix:A minority shareholder in Ubisoft is planning a protest against the company, claiming it's "horribly mismanaged." The shareholder alleges that Ubisoft has not been transparent and is "hiding information," including partnerships with the Savvy Group, and holding talks with Microsoft, EA, and others regarding possibly selling Ubisoft IP (maybe that's the only way we'll get a new Splinter Cell). In other news, EA's skate. is in closed alpha testing, but that isn't stopping them from selling microtransactions. EA claims this is to test the store feature to make sure it all works at launch. Mmm hmm. Any purchases made during this testing period will basically be converted back into in-game currency at launch. And speaking of EA, in positive news, Hazelight Studios' co-op Split Fiction not only is getting rave reviews, but sales as well. The game has sold 1 million copies in just 48 hours.

This lecture on corporate law explains the roles of directors, officers, and shareholders, and fiduciary duties. It also details the business judgment rule and shareholder rights.Directors owe a duty of care to make informed decisions, a duty of loyalty to avoid self-dealing, and a duty of good faith. The business judgment rule protects directors from liability for losses if they acted in good faith.Self-dealing occurs when a director benefits from a transaction with the corporation and must be disclosed and approved. Shareholders can enforce their rights through direct and derivative suits.Controlling shareholders may owe duties to minority shareholders. Minority shareholders have protections against oppressive actions by controlling shareholders.The lecture concludes by summarizing key points and offering exam tips.

To celebrate Women's History Month, we are excited to share a special episode for our FVS Valuation podcast which explores the diverse backgrounds of several business valuation leaders, their paths into a career in business valuation, and their journeys to becoming experts in the field.  The conversation highlights the many routes that can lead to success in business valuation, including  The significance of obtaining the Accredited in Business Valuation (ABV) credential and how it has impacted their careers Their strategies for achieving a healthy work-life balance while excelling in their professional roles The role of mentorship and support systems in their career development and success Please be sure to register for our upcoming Fireside Chat on Tuesday, 3/25, where we will have an extended conversation with our esteemed guests and gain further inspiration and insights from their experiences. Register now to secure your spot!  Guests:  Bethany Hearn, CPA/ABV, Partner, MH CPA PLLC Kathy Johnson, CPA/ABV/CFF/CGMA, Vice-President, J.S. Held LLC Tiffany Mellow, CPA/ABV, Practice Leader and Shareholder, Perkins & Co  Host:  Nene Glenn Gianfala, CPA/ABV, Senior VP and Shareholder, Chaffe & Associates, Inc.  Please share your thoughts about the episode - click here to leave us a review   Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you're using a podcast app that does not hyperlink to the resources, please visit  https://fvssection.libsyn.com/fvs to access the show notes with direct links.  Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic From the FVS Valuation Podcast archives  Women in FVS, A Multigenerational Perspective - Part 1 Women in FVS, A Multigenerational Perspective - Part 2 Increasing Engagement with FVS Emerging Professionals This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com      

This lecture on corporate law examines the governance of corporations, focusing on the fiduciary duties of directors and officers, such as care, loyalty, and good faith. It explains the business judgment rule, which protects informed and conflict-free decisions made by these individuals. The text also covers shareholder rights, including how they can enforce these rights through direct and derivative suits, particularly concerning breaches of fiduciary duty or conflicts of interest involving controlling shareholders. Finally, it addresses minority shareholder protections and how courts evaluate potential governance disputes, often considering factors like self-dealing and the fairness of transactions.

Gregory Tumolo, Shareholder at Littler discusses how performance management should be an ongoing conversatio, that employers need to communicate expectations clearly to employees, giving back to the community is essential for personal fulfillment and how a Fellowship can accomplish the most challenging tasks together.

Dear Shareholders and friends,We are pleased to provide you with the recorded audio and video of our Oasis Shareholder 2024 Year in Review meeting, held on February 27, 2025. This meeting served as a comprehensive discussion on the corporation's financial performance in 2024 and strategic direction for 2025.Meeting Highlights:Financial Impact of 2024: A review of the past year's financial contributions, investments, and overall performance.Strategic Planning for 2025: Discussion of the corporation's direction, upcoming initiatives, and goals for growth.New Investment – Splash and Dash: Overview of the newly launched dog grooming spa and its expected impact.Investor & Business Advisory Focus: Updates on how Oasis continues to support investors and business leaders.Book Release Plans: An upcoming publication aimed at providing insights regarding Passover.Leadership & Prayer: The role of faith and leadership in guiding our decisions and corporate activities.This recorded session is being made available to all shareholders for review, ensuring full transparency and alignment as we move forward. Thank you for your continued support and commitment to Oasis and ULECx Investment Corporation.Sincerely,Martin & Kayla Join the conversation at oasis205.slack.com for ongoing discussions and insights. Stay tuned for more strategies for growth, empowerment, and community impact in next week's episode of IGNITE! Disclaimer: All opinions expressed on this podcast including the team and guests are solely their opinions. Host and guest may maintain positions in the companies and securities discussed.This podcast is for informational purposes only and should not be relied upon as specific investment advice for any individual or organization.

Handel on the Law, Mariginal Legal Advice. 

Based on AHLA's annual Health Law Connections article, this special series brings together thought leaders from across the health law field to discuss the top ten issues of 2025. In the seventh episode, Christianna Finnern, Shareholder, Winthrop & Weinstine PA, speaks with Noreen Vergara, Partner, Husch Blackwell LLP, about the Mental Health Parity and Addiction Equity Act (MHPAEA) and its requirements. They discuss some of the changes in the final rule, whether the new administration or the Loper Bright Supreme Court case will affect compliance and enforcement of MHPAEA, and how MHPAEA impacts average health care consumers and those who don't work in the benefits and managed care space. From AHLA's Behavioral Health Practice Group.Watch the conversation here.AHLA's Health Law Daily Podcast Is Here! AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this new podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast.

In late January, President Donald Trump fired Gwynne Wilcox, a member of the National Labor Relations Board. The termination was controversial because Member Wilcox, like all Board members, was arguably protected from removal by the National Labor Relations Act. The Act says that a Board member may be removed only for “malfeasance” or “neglect of duty.” It also requires the member to be given “notice and a hearing.” In firing Member Wilcox, the President cited no malfeasance or neglect; nor did he give her a hearing. Instead, he argued that regardless of the Act’s language, he could remove her under his inherent authority as head of the executive branch.Member Wilcox responded by suing for reinstatement. A federal district court will hear arguments in the case on March 5. Join us that afternoon as Alex MacDonald, co-chair of Littler Mendelson’s Workplace Policy Institute, breaks down the case.Featuring:Alexander T. MacDonald, Shareholder & Co-Chair of the Workplace Policy Institute, Littler Mendelson P.C.

Based on AHLA's annual Health Law Connections article, this special series brings together thought leaders from across the health law field to discuss the top ten issues of 2025. In the sixth episode, Elizabeth Trende, Chief Legal Officer & General Counsel, United Network for Organ Sharing, speaks with Michelle Garvey Brennfleck, Shareholder, Buchanan Ingersoll & Rooney, about the current cyber threat environment for the health care industry and what health care entities can do to better protect themselves from cyberattacks. They discuss the proposed Health Infrastructure Security and Accountability Act, the importance of cyber risk assessments, and how the new administration may impact policies on protected health information. From AHLA's Academic Medical Centers and Teaching Hospitals Practice Group.Watch the conversation here.AHLA's Health Law Daily Podcast Is Here! AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this new podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast.

- Nissan to Shake Out Executive Suite - UK Auto Production Goes Down - Mercedes Cutting Back in China - VW Slashes Price of ID.4 in China - Chinese Auto Market is Not Growing - Tariffs Upset Kia's U.S. EV Plans - Kia's EV2 Concept for Affordable Small CUV - VW ID.4 Sales Skyrocket in the U.S. - GM Boosts Dividend 25%

- Nissan to Shake Out Executive Suite - UK Auto Production Goes Down - Mercedes Cutting Back in China - VW Slashes Price of ID.4 in China - Chinese Auto Market is Not Growing - Tariffs Upset Kia's U.S. EV Plans - Kia's EV2 Concept for Affordable Small CUV - VW ID.4 Sales Skyrocket in the U.S. - GM Boosts Dividend 25%

Blame Game: Buffett's genetic skill, United Health's shareholder pushback, JPM Dimon's flip floppery

Meb Faber talks to Kirk Spano about shareholder yield, ETFs, and what tends to happen at the end of secular booms (2:50). A slightly less strong USD; foreign and emerging markets (5:25). Fixed income markets, overbuying TLT, approaching bonds with tactical yield ETF (9:30). Bitcoin cheerleading (18:00). Show Notes:Meb Faber ResearchKirk Spano On Bitcoin, Options Selling And A Choppy 2025YouTube interviewRead our episode transcriptsFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

Welcome to Printing Money Episode 26!  For this episode, Danny is joined by Dayton Horvath, Director of Emerging Technology at AMT (and Printing Money alum!). Danny and Dayton had some quality time to plan this episode, having both just been at Additive Manufacturing Strategies a couple weeks ago.  And the planning was needed, because there have been a lot of noteworthy deals not just in the last month, but also some in Q4 which we hadn't had time to cover. Danny and Dayton start off by reviewing AMS 2025.  Speeches by Stratasys CEO Yoav Zeif, AM Research's Scott Dunham, and The Barnes Global Advisors' John Barnes are all referenced as the additive manufacturing (AM) “industry” struggles to establish its value and confronts its status as a standalone (or not?) technology. Next, drawing upon AMT data, Dayton takes us through the 2024 year that was in 3D printing M&A and investment (Hint… not a great year!).   Danny and Dayton also highlight some of the most notable 2024 deals. Then Danny and Dayton jump into Printing Money's bread and butter, analyzing recent deals across the 3D printing landscape.  Some themes include software companies buying simulation companies, a continuing focus on AM for military and defense, and AUKUS, more specifically Australia. Please enjoy Episode 26, and check out our prior episodes. This episode was recorded February 18, 2025. Timestamps: 00:14 – Welcome Dayton Horvath (AMT) to Episode 26 00:33 – Additive Manufacturing Strategies 2025 review 01:22 – Specialization vs generalization for AM solutions 02:26 – AM fits in the manufacturing ecosystem, not on an island 02:56 – John Barnes: “Stop calling it ‘postprocessing' --- it's just ‘processing' a04:30 – A continuing focus on defense for AM 05:20 – The focus on defense zoomed in even more the following week at MILAM 06:10 – 2024 3DP/AM investments, through the lens of AMT: A big drop! 08:32 – 2024 3DP/AM M&A, through the lens of AMT: A consistent number of deals, but how good were they? 10:33 – Notable M&A in 2024: ADDMAN and KAM 10:58 – Software buys simulation, Part 1: Synopsys (SNPS) and Ansys (ANSS) 11:25 – Status of the Nano Dimension (NNDM) acquisitions of Desktop Metal (DM) and Markforged (MKFG). Shareholder letter issued in January. 12:06 – Software buys simulation, Part 2: Siemens (SIEGY) to acquire Altair (ALTR) 14:30 – 3D Systems (DDD) sells Geomagics to Hexagon (HXGBY) 16:40 – Shapeways acquires Thangs 17:32 – BICO (CLLKF) continues to divest, sells Nanoscribe to LAB14 for EUR 26M 20:11 – KTI-G (KTG.ASX) set to acquire and rebrand to Metal Powder Works 25:25 – GoEngineer acquires CAD MicroSolutions 27:18 – American Axel Manufacturing (AXL) acquiring GKN Metallurgy and GKN Automotive 31:50 – Stratasys (SSYS) to receive $120M investment from Fortissimo Partners 34:58 – Backflip raises $30M for text to 3D print software 37:12 – Axial3D raises $18M for AI-driven medical 3DP software 41:00 – Amaero receives $23.5M loan from US Import-Export Bank, and AUD $22M Private Placement 44:22 – AML3D (AL3.ASX) receives AUD $30M financing 45:44 – Firehawk Aerospace raises $60M from Donald Trump, Jr. (sort of…) 49:10 – Aspect Biosystems raises $115B Series B for bioprinting 49:56 – Sintavia receives $10M debt financing from Stifel North America and ASTRO America 52:53 – Mighty Buildings seeks an exit 53:24 – Toyota invests $44M in Interstellar 53:35 – AscendArc raises $4M 53:47 – Eric Schmidt invests in Relativity Space 54:45 – Thanks again to Dayton Horvath 55:21 – Disclaimer Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any...

Tuesday February 18, 2025 JAMA Reports on Healthcare Shareholder Payouts

Energy company Genesis almost doubled its half year net profit to 70.3 million dollars after tax. Wholesale power prices rose dramatically last winter in response to the dry weather. Shareholders will be happy with that, but its customers might not. Genesis Chief Executive Malcom Johns talks to Ryan Bridge. LISTEN ABOVE. See omnystudio.com/listener for privacy information.

In today's episode of the Yet Another Value Podcast, Host, Andrew Walker, shares his thesis and presentation on Sage Therapeutics, Inc. (NASDAQ: SAGE), a biopharmaceutical company committed to pioneering solutions to deliver life-changing brain health medicines, so every person can thrive.For more information and to subscribe to the Yet Another Value Substack, please visit: https://www.yetanothervalueblog.com/Disclosure: long SAGEChapters:[0:00] Episode sponsor: Alphasense[3:21] Introduction - passive vs. active investing[7:32] Overview of $SAGE and why its interesting to Andrew: passive owners in the company, shareholder engagement[13:40] Biogen offer (rejected by Sage) - what happened[17:34] Expert call with OBGYN (thank you, Alphasense!)[21:38] Board needs to weigh opportunity cost of cash burn and options[25:49] Shareholder engagement and IRWD cautionary tale / SAGE board and management compensation[30:54] Biogen / Sage merger - why it makes sense and final thoughtsToday's sponsor: AlphasenseIf you're unfamiliar with AlphaSense, it's a market intelligence platform with the world's premier library of proprietary expert insight. For years now, I've used Tegus for their expert call transcript library, and with AlphaSense's acquisition, the depth and breadth of market research content available has expanded significantly.Why I chose AlphaSense? Unparalleled expert insights—access 150,000+ proprietary expert transcripts, growing by 6,000 per month, covering 24,000+ public and private companies. Comprehensive market intelligence—search 450M+ documents, including company filings, analyst research, expert interviews, and more, all connected for deeper analysis.AI-powered research at scale—complete qualitative research 5-10x faster with advanced generative AI, delivering instant, high-confidence insights. Start your free trial now at: https://www.alpha-sense.com/yavp/

In this episode, CII General Counsel Jeff Mahoney interviews John W. Barry, Assistant Professor of Finance at Rice University. Professor Barry is the co-author of a recent research paper entitled "Shareholder Voice and Executive Compensation."

Based on AHLA's annual Health Law Connections article, this special series brings together thought leaders from across the health law field to discuss the top ten issues of 2025. In the fourth episode, H. Kristie Xian, Associate, Jones Day, speaks with Katherine I. Funk, Shareholder, Baker Donelson Bearman Caldwell & Berkowitz PC, about how the new administration might approach health care antitrust enforcement. They discuss the new Merger Guidelines, the revised Hart-Scott-Rodino filing rules, the interim report on pharmacy benefit managers, and where enforcement may diverge from the prior administration. From AHLA's Antitrust Practice Group.Watch the conversation here.AHLA's Health Law Daily Podcast Is Here! AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this new podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast.

The Internal Revenue Service is a massive "Three Letter Agency." It's a bureau of the Department of the Treasury and (believe it or not) one of the world's most efficient tax administrators. In fiscal year 2020, the IRS collected almost $3.5 trillion in revenue and processed more than 240 million tax returns. It has over 90,000 employees. It is also about as popular as Communism and Dog Catchers with most people! This makes running this most public of organizations a challenge for garnering resources and maintaining safety, stability and confidence in the revenue collection that makes this country go. https://youtu.be/mXxwh0IR3Ig Charles “Chuck” Rettig is a Shareholder at Chamberlain Hrdlicka in the Firm's Tax Controversy & Litigation practice and served as Commissioner of the Internal Revenue Service (IRS) from 2018 through 2022. He shares his experience with us and some pointers in dealing with the Service. How the IRS operates and its priorities: The volume of work and responsibility of the Internal Revenue Service The structure of the agency Data Science is the Future What it does that people may not be aware of Other parts of the Treasury opine on tax policy, but the agency provides guidance on workability Chuck as the Commissioner appeared before Congressional Committees 37 times in 4 years. Personality matters both internally and externally The Commissioner has an 11 person security detail and receives 3 credible death threats / week. What to expect in the next years: Legislative Uncertainty Administrative Challenges The Service has almost 400 Million "clients" with huge disparities in sophistication Resources are always a struggle- getting bang for the buck Personnel departures from the Service Prediction: Increased aggressiveness at the state level What best practices in front of the IRS look like. Setting up your affairs with a ling term strategy in mind Interacting with an Examiner Speed and Humanity The 3 headed approach to family office planning High end advisory work with the T&E group The overall context in working with the structure and culture of the IRS - having a backdoor channel Litigation support for those situations that need it. Links With Kelley Miller: The IRS Audits You- What's Next?" Transcript of the Show https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Frazer Rice (00:01)The IRS and taxation in general is in all sorts of tumult with the new administration. How to deal with the IRS, how to file your taxes, how to plan for things going forward. It's something to think about. We have Chuck Redig on and he is a terrific resource for all of our listeners. He's a shareholder at Chamberlain Herdlica. It is in the firm's tax controversy and litigation department. Frazer Rice (00:26)Most importantly, he served as commissioner of the IRS from 2018 through 2022. So we have a little inside baseball here on how the commission works and things to think about in your own practice. So Chuck, welcome aboard. Chuck Rettig (00:32) Thank you for having me. It's a privilege to be out. Frazer Rice (00:42)Well, it's a treat for us to have you and a real great opportunity. First and foremost, look, the three letters IRS are scary to just about anybody who comes in contact with them on a personal basis. Maybe break down a little bit how the IRS operates and what its priorities are. Background Chuck Rettig (01:01)Yeah, you know, when I went on board, somebody high up in Treasury, and I'm basically a kid from Los Angeles and Irish headquarters in Washington, D.C., and somebody from Treasury said to me, you know, congratulations, it's a Senate-confirmed position, and you are one of the five most powerful people in the United States, but you are absolutely the most hated. And I remember shaking his hand going, okay, thank you, you know,

I am a proud member of EO Dallas. That stands for Entrepreneurs' Organization, and we love to bring sponsors on our show. A long-time sponsor is FBFK Law. Joining us now is Mackey Culbertson. He's one of the rising stars over there.

"When Engagement Works"

Rory Wallace, Chief Investment Officer at Outerbridge Capital, joins the podcast to discuss his thesis on Allot Ltd. (NASDAQ: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide. For more information about Rory Wallace and Outbridge Capital, please visit: https://www.outerbridgecapital.com/ Chapters: [0:00] Introduction + Episode sponsor: Fintool [2:06] What is Allot $ALLT and why is it so interesting to Rory [7:22] What is Rory seeing with $ALLT thesis that that the market is missing [12:11] Fundamental question RE: vendors and vendor stickiness with Verizon partnership [20:51] Why are customers signing up for Verizon security service vs. something else [27:34] What drove $ALLT run in stock price in last couple months [30:44] What is different this time with the $ALLT pitch vs. past write-ups on VIC [34:55] Management [39:10] Is there a chance that AT&T would use the same CCAS provider as Verizon (Allot) [43:36] Shareholder mindset of the company [46:07] $ALLT valuation [48:22] Competitive landscape Today's sponsor: Fintool Fintool is ChatGPT for SEC Filings and earnings calls. Are you still doing keyword searches and going to the individual filing and using control F? That's the old way of doing things before AI. With Fintool, you can ask any question and it's going to automatically generate the best answer. So they may pull from a portion of an earnings call, or a 10k, whatever it may be and then answer your question. The best part- every portion of the answer is cited with the source document. Now- if you've tried to do any of this in ChatGPT you may know that the answers are often wrong or hallucinations. The way Fintool is able to outperform ChatGPT is their focus on the SEC filings. If you're an analyst or a portfolio manager at a hedge fund, check them out at https://fintool.com?utm_source=substack&utm_campaign=yavb&utm_content=podcast280

In this episode, we sit down with Sean McGrory, who has been the Board President of the Wasson Way organization since 2018, after joining in 2017. Sean is also a founding member of the CROWN Collaborative, which stands for the Cincinnati Riding or Walking Network. CROWN is an ambitious project aiming to create Cincinnati's first-ever urban trail loop—a 34-mile, multi-use paved trail encircling the city's urban core. This trail will connect over 350,000 people across 54 neighborhoods to key destinations such as parks, schools, employment centers, retail, recreation, and entertainment. The loop will be formed by linking several trails in development, including Wasson Way, the Ohio River Trail East, the Lunken Trail, the Little Miami Scenic Trail, the Ohio River Trail West, and the Mill Creek Greenway Trail. In his professional life, Sean is a CPA and Shareholder at Clark Schaefer Hackett, where he leads the Real Estate and Construction practice. He is a graduate of Miami University, Xavier University, and Walnut Hills High School, and an alumnus of Leadership Cincinnati Class XXV. Join us as we dive into the vision behind CROWN, the impact it will have on the city, and Sean's role in driving this exciting initiative forward.

ESGDisclosureThe next wave of anti-ESG movement focuses on reduced disclosureDecrease in Director/NEO bio/photo disclosure in both proxy statements and corporate websitesAnti-DEI board compositionA sharp drop in new directors that are “diverse”An increase in overall board size; instead of outright replacing diverse directors, an increase of white male directors (who skew younger) are simply added to boardsMusk effectGreater re-domestication push: incorporate, headquarters, employees: SHPs reflect thisCEO pay reconfigured for higher payouts:Decrease in “longterm” CEO compensation performance periods to reflect shorter CEO tenure and general CEO greedNew players in proxy cage matches: toxic bros (maybe a bitcoin bro?)SEC moves to greatly restrict shareholders' right to submit proposalsWill lead to a significant decrease in E & S proposals: both in SHPs submitted and SHPs removedSHP support percentage will continue to decreaseBut I think we will see a new active conservative SHP machine to go along with the two CentersBlame game/oversight greenwashingIncrease in board-level committees (partly to due a thing and partly to pretend a thing was being done): AI, Cybersecurity, Succession PlanningSharp increase in “co-” arrangements: co-CEO; co-Chairs, etc. in order to shift blamePwC's figure that 49% of directors want someone on their board replaced (and 25% want two or more directors replaced) increases to 66% and 44%GeneralThe next “Bud Light” is… Kontoor Brands (Lee/Wrangler)Something deemed “woke” triggers the MAGA mob and when they discover in the proxy that the company “Increased board gender diversity in 2024” and was “undertaking a search for a potential additional gender diverse director” all hell breaks loose.Year of ZuckEven more so if TikTok failsThe obvious prediction is Musk buys a media company but maybe I think Zuck makes a pivotal acquisitionElon fades due to Tesla sucking and Trump battlesYear of Drones: a CEO is fired for either accidental or illegal misuse of dronesSignificant increase in the “banning” of social media and teen smartphone usePeopleBuffett diesTim Cook steps downAfter more than a decade of tenure, Doug McMillon begins leadership transition from Wal-Mart with eyes on 2028 PresidencyAI. Also Generative AI. And headwinds.Texas is the new FloridaTexas sees an influx of incorporation under the pretense of “regulation easing”, but every company that moves is basically just racistGoodbye shareholder rights, we hardly knew theeAbolish say on pay (not even advisory!)Every board moves to classified boardWhy not, investors don't challenge a single director anyway!Proxy voting policies are made illegal, as voting against the company in any way is considered discrimination against companiesAnti-ESG bills keep forgetting that G is in ESG… and they're banning it, which means no proxy voting at allWyoming includes language stating “assessing corporate board or employment” as “evidence of” having a social agenda, and therefore bannedCostco isn't aloneThe pushback against DEI pushback will come from the few, the strong, and the highly democratic boards with strong female power:1,023 mega, large, and mid cap US companies721 have diversity programs of some kind that are disclosed644 have disclosed targets or internal training around DEIOnly 94 companies have BOTH highly democratic boards (where power is dispersed evenly) AND top quartile female power on the board AND DEI programsThe most democratic is Costco - 32% female power (top quartile) and less than 3% deviation of power (4th most democratic in the entire US, tops for DEILayer in strong stock returns, and here are the companies who are likely to be targeted and push back:Procter & Gamble1yr/5yr up 8/31%Sell Braun, Gillette, Old Spice - man brands39% female power, 4% power deviationAltria1/5yr up 3/25%Cigarettes are still manly47% female power, 5% deviationMen FINALLY get some powerThe Meta Method: increase board size, add all men - went from one of the more gender diverse boards (fake, but still) to BELOW AVERAGE in one cycleThere are NINE board that by adding ONE more dude, they would become:Less than 50% femaleFrom positive to negative power gapRemain democratic (so dudes get a say) - here are the large caps:Cardinal HealthHPStryker CorpHonorable mention: Cracker Barrel, which is one Robbie Starbuck away from negating female powerThe US vs. Europe divide NARROWS… as the EU moves hard rightWatch 2025 elections: Norway parliament, German federal, Greece presidential, Czech parliament, Irish presidential (in which Conor McGregor is a viable candidate)The frameworks and regulations around environmental and ESG issues were so badly constructed, it's the perfect storm for pushback and rollback - watch the EU undo everything to catch up with the US in the race to the bottomThe rise of the director activistA new model in investor activism - director activism, not corporate activism - built on how people perform and whether they have the skills they should have on a particular boardFinding underperforming PEOPLE and replacing themFind underperforming companiesFind underperforming teams - globally…3,406 companies out of more than 10,000 with at least one director who has historically (and currently) performed in the BOTTOM THIRD of all directors on TSR726 of them, MORE THAN HALF THE BOARD is comprised of bottom dwelling directors196 of them MORE THAN HALF THE BOARD is comprised of bottom dwellers for BOTH TSR and carbonFind knowledge gapsIn the 196, Frontier Airlines has 8 directors with Econ backgrounds, but 4 with mechanical backgrounds, 2 with safety, and 2 with transportation backgroundsM&T Bank's largest expense is people… but there are ZERO directors with deep knowledge in HR or personnel management for highly paid employeesBegin a data driven vote campaign for cognitive diversityYou don't need an absurdly long powerpoint presentation with backing from Jeff Sonnenfeld to achieve this - your narrative is simple: we hire based on meritocracy, you guys stink.The absurd might not be so absurd?AIAI sues a company for discriminationIt was unfairly taught DEIAI is added to a board of directorsAnd labelled as “gender neutral” for the diversity matrixAI avatars to go to meetings for you, including your HR meetingsCowardsIn the wake of Brian Thomson's murder, Mark Zuckerberg figures out the new best use of the Metaverse: a place for boards and executives to meet without leaving their housesCompanies begin disclosing whether directors have guns, the horsepower of the engines of their cars, and whether they are “white” or a new race called “extra white”WokeThe first “woke parallel economy” investors begin popping up to combat the anti-woke parallel economy investorsWalled-off “woke zones” - like in stores that sold porn mags behind the counter, you can now request to enter the “woke zones” in stores where they keep pride merch and feminine products, but you need an ID to enter and children under 17 must be accompanied by an adult

In this special episode, I'm releasing the full audiobook of Shareholder Yield: A Better Approach to Dividend Investing. While you can purchase the audiobook on Amazon, podcast listeners can listen here for free!   Check out the description and times of each chapter below. About The Book For decades, both professional money managers and retail investors have revered dividend stocks. However, an objective examination of historical data reveals a surprising truth: these investors may have been shortchanging themselves. In this eye-opening exploration, Meb Faber unveils a more holistic market strategy beyond dividend investing - shareholder yield. Utilizing market studies, historical data, and insights from some of the world's most successful investors, Faber guides readers through the numerous benefits of this broader approach.  Discover why focusing on total shareholder value - encompassing dividends, buybacks, and debt management - offers a superior method. Join Faber as he presents compelling data, debunks misconceptions, and demonstrates how to implement these concepts in your portfolio. (1:07) Opening (1:55) Introduction (7:00) Chapter 1 (10:50) Chapter 2 (13:36) Chapter 3 (18:00) Chapter 4 (32:42) Chapter 5 (1:11:54) Chapter 6 (1:37:50) Chapter 7 (1:52:20) Chapter 8 (1:58:00) Chapter 9 (2:00:28) Chapter 10 (2:04:54) Chapter 11 (2:06:13) Chapter 12 ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com/)  Learn more about your ad choices. Visit megaphone.fm/adchoices

Convertible notes are all the rage in Bitcoin mining today. How did CleanSpark structure its note? We dig in!Welcome back to The Mining Pod! On today's show, were joined by CleanSpark CEO Zach Bradford and CFO Gary Vecchiarelli to discuss their convertible note offering. In this show, we go through the mechanics of the note (it's complicated, trust me), the purpose for using the funds, growing to 50 EH/s and why CleanSpark chose not to buy Bitcoin with the capital on hand. Lastly we talk about the institutional space for Bitcoin investments including metrics and topics to watch out for in 2025!Timestamps:00:00 Start02:10 Cleanspark update04:11 How the note works07:53 Why not buy Bitcoin?13:35 Why 0% interest16:16 Why the cap call?19:34 Choosing the right financial option25:38 Why convertible note bull market?30:16 Deal coordination31:17 Bond market new to miners?32:31 Shareholder value36:51 ATM38:05 Why not deploy capital immediately?40:12 Institutional investors41:34 Best metrics to watch43:02 What does 2025 look like?Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!