Podcasts about Shareholder

Episode 4219 │ September 8, 2026 The Pentagon just bought 35% of a private oil company for essentially nothing. No Congress. No vote. No oversight. This isn't new. It has a name. WHAT THIS EPISODE COVERS Scott Kesterson traces a single headline — the Pentagon's Office of Strategic Capital taking a 35% equity stake in North American Blue Energy Partners, a Barbados-registered company holding century-long rights to a fifth of Venezuela's oil reserves, acquired through penny warrants requiring no congressional appropriation or vote — into a full architecture connecting the Genius Act's stablecoin framework, which forces global dollar demand by requiring every digital token be backed by U.S. Treasuries, to the physical enforcement of that system through disabled Iranian tankers in the Strait of Hormuz and displaced Chinese and Russian oil buyers in Venezuela. Scott identifies the underlying structure as mercantilism — the exact economic system Britain ran against the American colonies, defined by state-chartered corporations, controlled trade routes, and profit from position rather than production — and maps nearly every grievance in the Declaration of Independence onto its modern equivalent: swarms of new offices onto a Pentagon acquisitions arm, the military rendered superior to civil power onto a defense department holding commercial equity, and the Navigation Acts onto a 2028 deadline cutting off any stablecoin issuer without American licensing. The episode closes on Scott's argument that the correct response is not resistance but construction — recognizing the system, building local audit and accountability mechanisms into any community fight, and reclaiming the county-by-county model as the only structure with historical precedent for successfully breaking a mercantile system from the ground up. KEY QUESTIONS ADDRESSED  What did the Pentagon actually do when it took a 35% equity stake in North American Blue Energy Partners — and why does acquiring it through penny warrants, bypassing congressional appropriation entirely, represent a structural shift a former official of that same office says was never the office's intended authority? How does the Genius Act's stablecoin framework connect to disabled Iranian tankers and displaced Chinese oil buyers in Venezuela — and why does forcing every digital dollar token to be backed by U.S. Treasuries function as the same mandatory trade-routing the Navigation Acts once imposed on the American colonies? What is mercantilism, and why does Scott argue nearly every grievance listed in the Declaration of Independence — swarms of officers, military superior to civil power, altered charters — maps directly onto a modern system where corporations and government have become, in his words, a single unified agent with no vote and no recourse for the people? ABOUT BARDSFM BardsFM is a daily independent podcast covering faith, liberty, history, and information warfare. Hosted by Scott Kesterson — combat veteran, documentary filmmaker, and rancher. Over 4,100 episodes and 50 million lifetime downloads. New episodes every weekday. bards.fm This episode was researched and produced under the Spatial Terra Intelligence Methodology (STIM v5) — the analytical framework built by Scott Kesterson — with AI-assisted research synthesis at a 70/30 human/AI authorship ratio, fully disclosed. All analysis, conclusions, and editorial judgments are those of Scott Kesterson. BardsFM's archive includes hundreds of episodes on prayer, scripture, and walking the Way of Christ — available free in the full episode catalog. DOWNLOADS Citizen's Guide - Community Organizing Against Data Centers: click here Citizen's Guide - Auditing Automatic License Plate Readers: click here Citizen's Guide - Auditing Your State's Driver License Data: click here AFFILIATE LINKS Bards Nation Health Store: www.bardsnationhealth.com MYPillow promo code: BARDS >> Go to https://www.mypillow.com/bards and use the promo code BARDS or... Call 1-800-975-2939.  EMPShield protect your vehicles and home. Promo code BARDS: Click here Treadlite Broadforks...best garden tool EVER. Promo code BARDS26: TreadliteBroadforks.com EnviroKlenz Air Purification, promo code BARDS to save 10%: www.enviroklenz.com Morning Intro Music Provided by Brian Kahanek: www.briankahanek.com Founders Bible 20% discount code: BARDS >>> TheFoundersBible.com Windblown Media 20% Discount with promo code BARDS: windblownmedia.com White Oak Pastures Grassfed Meats, Get $20 off any order $150 or more. Promo Code BARDS: www.whiteoakpastures.com/BARDS Mission Darkness Faraday Bags and RF Shielding. Promo code BARDS: Click here DONATIONS: If you wish to support this podcast directly you can donate here... DONATE: Click here MAILING ADDRESS: Xpedition Cafe, LLC Attn. Scott Kesterson 591 E Central Ave, #740 Sutherlin, OR  97479

Peloton has won dismissal of the shareholder lawsuit filed against the company, and we break down what the ruling means going forward — plus Peloton's new Content Preferences feature, the End of Summer Sale, and the music-swap issue members keep noticing on older classes.Also this week:Notes To Self not saving — the bug members are reporting and what we know so farPeloton instructor Matt Wilpers teases a big upcoming announcementKim Clayton has a major life announcementBecs Gentry completes the CCC UltraSusie Chan celebrates 10 years presenting the National Running ShowSusie and Marcel Dinkins earn their RRCA Level 1 certificationMarcel Dinkins and Kirsten Ferguson celebrate 5 years at PelotonAlly Love is set to host NFL Play Action on Paramount+Ash Pryor is running the NYC MarathonWhoop debuts the new 5.0 Meridian BandAmazon and HYROX announce a new partnershipTCO Top 5 — our listener-recommended classes to check out this weekNico Sarani returns to the Peloton schedule in OctoberPeloton heads to the French RivieraPeloton shares internal Progressive Method program trackersMariana Fernández launches a new Breathwrk programNew Two-For-One classes: Oktoberfest and a London HikeThe next Club Peloton class is confirmedAndy Speer's TS60 for SeptemberJohanna Ricouz adds multiple new Pilates & Sculpt classesThis Week at Peloton news roundupPeloton birthdays: Mila Lazar (9/7), Jon Hosking (9/9), Hannah Corbin (9/10)The Clip Out is the longest-running independent Peloton podcast. New episodes every Friday. Hosted by Crystal O'Keefe and Tom O'Keefe theclipout.com Instagram: @clipoutcrystalSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Interview with Jonathan Fisher, CEO of Cauldron EnergyRecording date: 2nd September 2026Cauldron Energy (ASX:CXU) holds 55 million pounds of JORC-compliant uranium resource at its Yanrey Project in Western Australia, with an exploration target of up to 269 million additional pounds. The company's near-perfect drilling record and strategic positioning make it a compelling uranium story—provided Western Australia lifts its longstanding mining ban.The Yanrey Project spans three deposits: Bennett Well, Manyingee South, and Manyingee North are all situated in a region considered highly prospective for in-situ recovery (ISR) uranium mining. Cauldron's exploration has been remarkably successful wherein the first 24 drill holes at Manyingee North intersected mineralisation, defining a maiden 10-million-pound resource with a 100% hit rate. Subsequent drilling of 40 to 50 additional holes has maintained that near-perfect success rate.The company uses passive seismic surveying to identify buried palaeochannels, ancient river systems, that concentrated uranium as they flowed eastward from granitic sources. Three channels have been drilled to date, yielding the three known deposits, with 20-30 more channels still untested. A formal resource update is expected later in 2026 following the completion of the current drilling campaign.Western Australia's state-level uranium mining ban remains the single biggest obstacle to production. Despite this, Cauldron received two government exploration grants in April 2026, a signal CEO Jonathan Fisher interprets as contradictory but encouraging. Additional indicators of potential policy shift include a parliamentary inquiry where over 60% of submissions favoured uranium mining, and a recent by-election swing toward the pro-uranium One Nation party.While the ban persists, Cauldron is maximising its resource base to become either a ready-to-develop asset or an attractive takeover target once policy changes. The company has partnered with Uzbekistan's Navoi Mining and Metallurgical Company to de-risk ISR process design and hired an experienced environmental manager to navigate regulatory approvals. Groundwater testing by ANSTO found low salinity across all three deposits—a favourable factor for ISR recovery economics.Cauldron's investment case hinges entirely on Western Australia lifting its mining ban. While management cites multiple signals of policy change, none are confirmed. Technical risks remain, as demonstrated by peer Boss Energy's setbacks at its Honeymoon ISR operation, though Cauldron's Navoi partnership aims to mitigate such risks. Shareholder concentration is high, with a family office holding ~30% and ETFs ~15–16%, providing stability but limiting free float.View Cauldron Energy's company profile: https://www.cruxinvestor.com/companies/cauldron-energy-limitedSign up for Crux Investor: https://cruxinvestor.com/subscribe

Many valuation reports include all the required sections but still leave readers asking one question: How did you get to that conclusion?  Valuation experts Bethany Hearn and Dr. Victor Jarosiewicz discuss the "missing link" problem in valuation reporting and explain how practitioners can create reports that are clearer, better supported, and easier to defend.  This conversation offers practical guidance for producing reports that better communicate professional judgment, assumptions, risk, and valuation conclusions. Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses. Guests: Bethany Hearn, CPA/ABV/CFF, Partner, MH CPA Dr. Victor Jarosiewicz, ASA, CFA, CAIA, Georgia State University Host:  Nene Glenn Gianfala, CPA/ABV, Senior VP and Shareholder, Chaffe & Associates, Inc.  ---------------------------------------------------------------------------------------------------------------------------------------- Thanks for listening. We'd welcome your feedback at https://www.aicpa-cima.com/podcastsurvey or contact us directly at podcast@aicpa-cima.com. ------------------------------------------------------------------------------------------------------------------------------------------ If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links.  RESOURCES FOR FURTHER EXPLORATION 2026 Forensic and Valuation Services Conference - Beyond the technical sessions, conferences can offer something just as important—the opportunity to connect with peers, share experiences, and hear how others are approaching similar challenges in their work.  Early bird savings through Sept 20 plus additional savings for AICPA members and ABV/CFF/CVFI holders AICPA Business Valuation School - Learn valuation essentials and build a solid foundation to gain the confidence to apply valuation techniques and establish a solid foundation in valuation knowledge before performing high-stakes valuations. Valuation Standards AICPA Statement on Standards for Valuation Services (SSVS)/ VS Section 100 Toolkit AICPA - Understanding and Applying Statement on Standards for Forensic Services (SSFS No. 1) Uniform Standards of Professional Appraisal Practice (USPAP) International Valuation Standards (IVS) Join:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together. Early career guidance:  Welcome to a career in forensic and valuation services FVS Practice Aid Library: This library is open to all visitors. Access to and download of the full practice aids is an exclusive benefit of FVS Section membership.   Click here to join the AICPA FVS Section An active community of FVS peers. You will get 16 credits of complimentary CPE and access to exclusivetechnical content FVS Valuation Podcast archives: IVS Updates Explained: AI, Valuation Ranges & Quality Control From Analysis to Testimony: Key Skills for a Career in Forensic and Valuation Services ESOPs: Preserving Culture, Valuation and Empowering Employees 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  ---------------------------------------------------------------------------------------- This is a podcast from AICPA & CIMA (https://www.aicpa-cima.com). Enjoy more conversations from our global community of accounting and finance professionals by exploring our network of free shows at www.aicpa-cima.com/podcast.  

Many valuation reports include all the required sections but still leave readers asking one question: How did you get to that conclusion?  Valuation experts Bethany Hearn and Dr. Victor Jarosiewicz discuss the "missing link" problem in valuation reporting and explain how practitioners can create reports that are clearer, better supported, and easier to defend.  This conversation offers practical guidance for producing reports that better communicate professional judgment, assumptions, risk, and valuation conclusions. Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses. Guests: Bethany Hearn, CPA/ABV/CFF, Partner, MH CPA Dr. Victor Jarosiewicz, ASA, CFA, CAIA, Georgia State University Host:  Nene Glenn Gianfala, CPA/ABV, Senior VP and Shareholder, Chaffe & Associates, Inc.  ---------------------------------------------------------------------------------------------------------------------------------------- Thanks for listening. We'd welcome your feedback at https://www.aicpa-cima.com/podcastsurvey or contact us directly at podcast@aicpa-cima.com. ------------------------------------------------------------------------------------------------------------------------------------------ If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links.  RESOURCES FOR FURTHER EXPLORATION 2026 Forensic and Valuation Services Conference - Beyond the technical sessions, conferences can offer something just as important—the opportunity to connect with peers, share experiences, and hear how others are approaching similar challenges in their work.  Early bird savings through Sept 20 plus additional savings for AICPA members and ABV/CFF/CVFI holders AICPA Business Valuation School - Learn valuation essentials and build a solid foundation to gain the confidence to apply valuation techniques and establish a solid foundation in valuation knowledge before performing high-stakes valuations. Valuation Standards AICPA Statement on Standards for Valuation Services (SSVS)/ VS Section 100 Toolkit AICPA - Understanding and Applying Statement on Standards for Forensic Services (SSFS No. 1) Uniform Standards of Professional Appraisal Practice (USPAP) International Valuation Standards (IVS) Join:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together. Early career guidance:  Welcome to a career in forensic and valuation services FVS Practice Aid Library: This library is open to all visitors. Access to and download of the full practice aids is an exclusive benefit of FVS Section membership.   Click here to join the AICPA FVS Section An active community of FVS peers. You will get 16 credits of complimentary CPE and access to exclusivetechnical content FVS Valuation Podcast archives: IVS Updates Explained: AI, Valuation Ranges & Quality Control From Analysis to Testimony: Key Skills for a Career in Forensic and Valuation Services ESOPs: Preserving Culture, Valuation and Empowering Employees 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  ---------------------------------------------------------------------------------------- This is a podcast from AICPA & CIMA (https://www.aicpa-cima.com). Enjoy more conversations from our global community of accounting and finance professionals by exploring our network of free shows at www.aicpa-cima.com/podcast.  

William Thomas, assistant professor of business law at the University of Michigan Ross School of Business, joins the Business Scholarship Podcast to discuss his paper "Stop Trying to Maximize Shareholder Wealth (Like That)". Those interested in reading the full paper may contact the author for a copy. This episode is hosted by Andrew Jennings, associate professor of law at Emory University, and was edited by Tanya Eathakotti, a law student at Emory University.

Adam and Adir unpack the investor fight building around Canva, AirTree and the painful question of when early backers should finally get liquidity. They also dig into Xero’s shareholder revolt, Corporate Travel Management’s surprise rescue deal, Zoox’s lost upside, the return of hardware startups, and why Disney might be one of the rare businesses with almost every major competitive power. 00:00 - Defcon Merch and Tansu’s First Week07:14 - Zoox16:31 - Vanguard Smart Glasses23:05 - Leo Esaki's Five Don'ts27:47 - Disney's Hidden Powers35:53 - GTA VI43:13 - Eureka Pet Co.48:20 - Victoria's Crime Problem58:04 - Canva1:13:19 - Xero's Shareholder Revolt1:20:40 - CTM The first 20 listeners to use code "TCfirst20" at Tanssu.com will redeem the offer mentioned in this week's episode: https://www.tanssu.com/discount/TCfirst20. Add “The Set” to your cart in any colour. Then at checkout, the code will remove the cost of the tote. Join us on Substack for articles, news and more: https://www.thecontrarianspod.com/

Kate shares her life story on this episode and we learn about what led to the founding of the Planetary Accounting Network.   About the Planetary Accounting Network: https://www.planetaryaccounting.org/about-us  For more: Planetaryaccounting.org/join-us  and: Planetaryfacts.com Interview with Oonagh on chocolate mentioned: https://theseeds.nz/podcast/oonagh-browne-on-the-power-of-chocolate-and-cacao/  Nature as Shareholder paper mentioned https://www.parryfield.com/impact-investing-information-hub/  For more content visit www.theseeds.nz 

On this episode, I speak to Eric Ries, entrepreneur, multiple-time founder and bestselling author of The Lean Startup. Eric has spent years working with founders, leaders and organisations on how companies are built, scaled and governed, and later founded the Long-Term Stock Exchange to explore how businesses can pursue long-term profit and purpose. He's back with his new book, Incorruptible: Why Good Companies Go Bad and How Great Companies Stay Great, just about to celebrate its UK launch. In it, he examines why good companies lose their way, how incentives and governance drive that corruption, and how leaders can build organisations that stay true to their mission as they grow. Episode Highlights We cover a lot, including: Good companies can be corrupted by their own success - Growth, outside capital, new ownership and leadership transitions can introduce forces that pull a company away from the purpose and behaviours that made it valuable in the first place. It's always too early until it's too late - Leaders are often told that governance protections, mission locks or structural safeguards can wait. The problem is that by the time the threat becomes obvious, the organisation may no longer have the power to put them in place. Your mission statement might be a lie - If the company publicly claims to serve employees, customers or a wider purpose, but its actual governance ultimately prioritises shareholder returns above everything else, there is a fundamental contradiction between what it says and how it is built. Shareholder primacy is a choice, not a law of nature - The idea that companies exist primarily to maximise shareholder returns is relatively recent. "Mission primacy" offers an alternative: financial performance in service of a durable purpose, rather than as the purpose itself. Some corporate "failures" are successful for the people causing them - A takeover, restructuring or strategic decision can destroy customer value and weaken the company while still enriching the executives, advisers or investors involved. If behaviour looks irrational, follow the incentives. Trust is valuable enough to steal - Companies build trust with customers, employees and communities over years, but that accumulated goodwill can become something for new owners or decision-makers to extract. Leaders need structures that actively protect it. You cannot command an organisation to have better character - Companies behave more like living systems than machines. Qualities such as integrity, innovation, ownership and long-term thinking have to be cultivated through incentives, structures and repeated behaviour rather than announced by leadership. Transformation fails when leaders don't treat it seriously enough - If innovation, ethics or organisational change matters, it needs the same rigour, resources and accountability that companies already apply to finance or compliance. A speech and a workshop are not a transformation strategy. The mission has to survive the founder - Succession exposes whether a company truly has an institutional purpose or merely reflects the personality of the person who created it. Durable companies encode their principles into structures that can survive changes in leadership. Mission-first does not mean anti-profit - Companies built around long-term stewardship and human flourishing can create more durable economic value, not less. The alternative to extraction is not charity; it is designing the organisation to create more value than it captures. About Incorruptible Incorruptible: Why Good Companies Go Bad and How Great Companies Stay Great explores how companies can protect their mission as they grow, raise capital, change leadership and face pressure from investors, acquirers and other stakeholders. Learn more about the book and related work: Incorruptible - https://www.incorruptible.co/ How Is Incorruptible Going? - https://howisincorruptiblegoing.com/ Escape Velocity - https://www.escapevelocity.co/ Virgil - https://tryvirgil.com/ Connect with Eric Ries Eric Ries on LinkedIn - https://www.linkedin.com/in/eries/

Medicaid payment suspensions are one of the most powerful tools the government has in the health care enforcement space, and the current administration has taken a robust approach to their use. Sarah Hall, Partner, Epstein Becker & Green PC, speaks with Clifford Barnes, Managing Partner, Clifford E. Barnes Esq. & Associates LLC, and Tom Barnard, Shareholder, Baker Donelson Bearman Caldwell & Berkowitz PC, about the rise of Medicaid payment suspensions targeting behavioral health providers in Washington, DC.  They discuss the mechanics of a Medicaid payment suspension, the specific trends they have recently seen regarding DC Medicaid, and what Medicaid providers can do to prevent suspension.Watch this episode: https://www.youtube.com/watch?v=E-qoKEEiMeQEssential Legal Updates, Now in AudioAHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Comprehensive members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast.Stay At the Forefront of Health Legal EducationLearn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/. 

Sean Sullivan, Partner, Alston & Bird LLP, Alisa Chestler, Shareholder, Baker Donelson Bearman Caldwell & Berkowitz PC, and Betsy Hodge, Partner, Akerman LLP, discuss what health care providers should consider when contracting for AI-enabled tools or other advanced digital health tools like remote patient monitoring platforms and interoperability software. They discuss the current digital health and AI vendor landscape, the legal and regulatory framework, transactional challenges and strategies, and the future of these kinds of deals. Sean, Alisa, and Betsy spoke about this topic at AHLA's 2026 Health Care Transactions conference in Nashville, TN.Watch this episode: https://www.youtube.com/watch?v=LIwramBG3lwLearn more about AHLA's 2026 Health Care Transactions conference: https://www.americanhealthlaw.org/healthcaretransactionsLearn more about AHLA's 2026 Health Care Transactions eProgram: https://educate.americanhealthlaw.org/local/catalog/view/product.php?productid=1779 Essential Legal Updates, Now in AudioAHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Comprehensive members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast.Stay At the Forefront of Health Legal EducationLearn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/. 

This summer, the U.S. House of Representatives passed the Faster Labor Contracts Act, a bill that would transform how unions and employers negotiate their first agreements. It would impose quick deadlines for negotiations, after which it would send the parties to mediation and eventually binding arbitration, where a panel of arbitrators would hear evidence and write the agreement themselves. Supporters call the bill a needed corrective to slow, sometimes futile negotiations; opponents say it will destroy the country’s voluntary approach to collective bargaining. Yet despite the elevated rhetoric, the bill has attracted supporters from both sides of the political aisle.Why has the bill attracted such attention? And why do its supports and critics see it in such stark terms? Our panel of experts will break it down.Featuring:Thomas Beck, Member, Federal Service Impasses Panel, Federal Labor Relations AuthorityProf. Sharon Block, Professor of Practice and Executive Director, Center for Labor and a Just Economy, Harvard Law SchoolG. Roger King, Senior Labor and Employment Counsel, CHRO AssociationDaniel Kishi, Senior Policy Advisor, American Compass(Moderator) Alex MacDonald, Shareholder & Co-Chair of the Workplace Policy Institute, Littler Mendelson P.C.

On today's REX Daily Podcast, Dom talks with Richard Barge, Chair of the NZ Hemp Industries Association, about the NZHIA Seed Project, how it's giving everyday NZers the opportunity top grow industrial hemp and why he hopes it could usher in the beginning of a NZ hemp industry... And he talks with Toni Walker, Beef+Lamb NZ Mid Northern North Island Extension Manager, about its upcoming Shepherd to Shareholder focus groups, the raft of other events planned for the region in 2026 and Toni's time working for the Queensland Department of Primary Industries. Tune in daily for the latest and greatest REX rural content on your favourite streaming platform, visit rexonline.co.nz and follow us on Instagram, Facebook and LinkedIn for more.

Dom talks with Toni Walker, Beef+Lamb NZ Mid Northern North Island Extension Manager, about its upcoming Shepherd to Shareholder focus groups, the raft of other events planned for the region in 2026 and Toni's time working for the Queensland Department of Primary Industries. Tune in daily for the latest and greatest REX rural content on your favourite streaming platform, visit rexonline.co.nz and follow us on Instagram, Facebook and LinkedIn for more.

Brittany Clarke, Manager, Litigation Counsel at JetBlue Airways Corporation, and Skye Wellesley, Shareholder at Carr Allison, speak with Arthur Willner, Partner at Leader Berkon Colao & Silverstein LLP, and Emmet J. Schwartzman, Division Assistant Vice President – Aviation at Great American Insurance Group, about the lessons they learned handling catastrophic aviation litigation throughout the 1980s, 1990s, and early 2000s.To learn more about DRI and the Aviation Law Committee visit DRI.org.#DRILawyer#DRICommunity

In this Company Introduction, we are joined by Jaap Verbaas, CEO and Director of Miata Metals Corp. (TSXV: MMET | OTCQB: MMETF | FRA: 8NQ). Jaap provides a comprehensive introduction to the company's district-scale exploration assets in Suriname, led by the flagship Sela Creek Gold Project and the strategically located Nassau Project. Major drilling underway, new discoveries emerging, and strong backing from new strategic investors. Strategic Location & Belt-Scale Geology: An overview of Sela Creek's position along the highly underexplored Guiana Shield, mirroring the prolific gold endowments of West Africa's Birimian belt. 25,000m Drill Campaign: How ongoing drilling is expanding discoveries at the Jons Trend and Big Berg zones, pointing toward a significant continuous gold system. Testing High-Priority Exploration Targets: A look into new scout drilling and step-out targets across the property supported by the addition of a third rig. Strong Balance Sheet & Strategic Validation: Insights into the recent $25M+ financing, an 18-month lockup from cornerstone investor La Mancha, and upcoming near-term assay catalysts.   Any follow up questions for Yaap? Email Shad or I at Fleck@kereport.com & Shad@kereport.com.    Click here to visit the Miata Metals website - https://miatametals.com/    ---------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

700 CEOs have gone through McKinsey's Bower Forum, and the data points to one uncomfortable truth: the best leaders spend less time telling people what to do. Ramesh Srinivasan, McKinsey senior partner, dean of the Bower Forum, and co-author of The Journey of Leadership, joins Ashish Kothari to unpack how top CEOs practice vulnerability in leadership without losing authority and why one of them was told he should fire any leader who says "I have no clue" in a crisis.You'll discover the to-be list that reshapes how you show up in your biggest meetings, the 15-second reframe elite athletes use under pressure, and why feedback you ask for is 10 times more effective than feedback you're given. If you lead people through uncertainty and want psychological safety at work that actually produces results, this conversation is your playbook.What You Will Learn:How to write a daily "to-be list" that decides how you show up in your biggest meetings, not just what you accomplishWhy the best CEOs spend less time telling people what to do and what they do insteadHow to practice vulnerability with judgment: when "we don't know yet" builds trust, and when it should get a leader firedThe "five sources of meaning" that mobilize a whole workforce beyond shareholder valueHow to make feedback ~10x more effective by asking for it first and cascade that habit through your teamHow to metabolize stress with Ramesh's "fear in the backseat" model, so purpose drives and fear keeps only a voiceEpisode Chapters: 04:49 Why leadership begins from the inside out07:44 How leaders can reconnect with their values and purpose09:57 Shareholder value, stakeholders, and the business case for purpose13:16 Moving from constant doing to reflection and “to-be” leadership16:43 Creating the emotional conditions for difficult conversations18:55 What today's uncertainty demands from leaders19:28 Humility, vulnerability, truth-telling, and fearless learning23:29 Building a culture where people can learn from failure27:18 What vulnerability really means for leaders32:38 Making stress an ally rather than a source of burnout37:44 What gives Ramesh hope about the future of leadershipResources:Connect with the GuestLinkedIn: Ramesh SrinivasanRecommended Reading: The Journey of Leadership How CEOs Learn to Lead from the Inside OutConnect with the HostLinkedIn: Ashish KothariWebsite: Happiness SquadBook: Hardwired For HappinessYouTube: Happiness Squad ChannelTEDx: How to make flourishing your competitive edgeIf this conversation sparked something for you, please subscribe and leave a review, it takes 30 seconds and helps more people discover the show.

Fire the Whole Investment Team: Meb Faber on 250 Years of American Compounding and Why CalPERS Can’t Beat a 60/40 allocation https://youtu.be/9lBYkG4J2sY A dollar invested in the U.S. stock market in 1800 is worth roughly $200 million today, and Meb Faber says the giant pension funds paid to beat that kind of compounding usually can’t. In this episode of Wealth Actually, Frazer Rice talks with Meb Faber, co-founder and CIO of Cambria Investment Management and host of The Meb Faber Show, about his new coffee-table book Investing in America: The Rise of a 250-Year Bull Market, the shareholder yield thesis behind Cambria’s ETF lineup, and his long-running public campaign arguing that CalPERS and other giant institutional pools routinely fail to beat a simple, low-cost buy-and-hold portfolio. https://open.spotify.com/episode/4WmnPm3GN8jwQtJuCVV9XG?si=nLLcz8y8RSuydORA5_ZHGQ Key Takeaways America is, in Faber’s words, the greatest compounding machine in history. He puts a dollar invested in U.S. stocks in 1800 at roughly $200 million today — a number he uses to reframe how clients should think about staying invested through wars, depressions, and pandemics. The book’s origin story starts with meme stocks. Faber says COVID pulled a new generation of retail investors into the market through gamified trading apps, and he wanted to hand them a historically grounded alternative to day-trading and zero-day options. Diversification is older than the country itself. Faber traces the concept back to 15th- and 16th-century joint-stock voyages — the Mayflower and the Virginia Company among them — where spreading capital across many risky expeditions let “merchant adventurers” survive when any single ship was lost. Shareholder yield, not dividend yield, is Cambria’s core factor. Since the S&P 500’s dividend yield now sits near an all-time low of 1.04%, Faber argues the real signal is cash dividends plus net buybacks — net of the dilution from stock-based compensation that quietly erodes shareholders’ ownership every year. Faber’s CalPERS critique boils down to one line: “the returns are not bad, they’re just not good.” He’s built an entire body of work, including Cambria’s ENDW endowment-style ETF, arguing that giant pools with virtually unlimited access to managers still can’t consistently beat a disciplined global 60/40. Complexity is often the enemy, not the edge. Faber contrasts investing with almost every other field of expertise: hiring the best doctor or coach nearly always helps, but hiring the most sophisticated (and expensive) money manager frequently doesn’t. Illiquidity has a way of showing up at the worst possible time. Faber points to endowments getting caught upside down in 2008–2009 and to more recent leveraged blowups as the same lesson repeating: over-lever a portfolio and you’re out of chips at the poker table. The real accountability gap is career incentives, not investment theory. Faber contrasts Yale, which gets a pass for strong long-term results, with Harvard’s endowment, which he says has underperformed for two decades without anyone losing their job over it — a dynamic he says maps directly onto UHNW family governance. Timestamps [00:00] Cold open — CalPERS CIOs vs. UK prime ministers [00:29] Show open and disclaimer [00:54] Welcome: Meb Faber, Cambria, and the new book [02:07] The $76 price tag and the 1776 joke [03:13] Genesis of Investing in America: COVID, meme stocks, and joint-stock voyages [06:33] The most surprising find: Ben Franklin’s “Mind Your Business” motto [09:09] Argentina vs. the U.S. — what actually drove American exceptionalism [12:47] Cambria today: the shareholder yield thesis [17:46] Why politicians target buybacks instead of stock-based comp [20:54] The CalPERS critique begins [21:34] The Ivy Portfolio, the ENDW endowment ETF, and year-one results [25:45] The Nevada pension comparison and the liquidity-complexity pushback [26:56] Institutional blowups, Harvard’s endowment dysfunction, and misaligned incentives [29:36] The “anti-Switzerland of asset management” bit [31:16] Close: where to find Meb, Cambria, and the book Pull Quotes “No, no, no, no, Frazer — it is $76, in honor of 1776.” — Meb Faber “A dollar would be worth roughly $200 million today… despite wars and depressions and pandemics and everything else terrible that’s happened in the history of the world, this relentless compounding is such a fun story.” — Meb Faber “There are dividend funds in the U.S. today… whose actual dividend yield is lower than their management fee. A negative net dividend yield — an astonishing statistic in 2026.” — Meb Faber “Who’s had more turnover in the past 10 years — CalPERS CIOs or UK prime ministers? Both totally dysfunctional. I think CalPERS has a slight edge, but it’s close.” — Meb Faber “I’m the anti-Switzerland of asset management.” — Meb Faber About the Guest Meb Faber is co-founder, CEO, and Chief Investment Officer of Cambria Investment Management, an independent, privately owned advisory firm built around quantitative asset management and alternative investment strategies (BusinessWire). He hosts The Meb Faber Show, one of the most widely followed investing podcasts, and is the author of eight books, including The Ivy Portfolio, Global Asset Allocation, Global Value, Shareholder Yield, and now Investing in America: The Rise of a 250-Year Bull Market — his first coffee-table book, released to coincide with the U.S. semiquincentennial (Curzio Research). Proceeds from the book go to charities that fund investment accounts for Americans born in the country. A ninth book, The Awesome Portfolio, is slated for release on September 8, 2026 (Meb Faber on X). Contact Meb Faber & Cambria Cambria Investment Management: cambriainvestments.com Cambria Funds: cambriafunds.com Meb’s blog, podcast & research: mebfaber.com The Meb Faber Show: themebfabershow.com Twitter/X: @MebFaber Book — Investing in America: available on Amazon, Barnes & Noble, and signed via Pages bookstore in Manhattan Beach, CA (Acquirer’s Multiple) Cambria Funds Mentioned Shareholder Yield suite (SYLD, FYLD, EYLD, plus small-cap and large-cap variants) — cash dividends plus net buybacks plus net debt reduction, divided by market cap (MarketWatch) GVAL — Global Value ETF screening the cheapest quartile of roughly 45 country markets by long-term valuation (Cambria — GVAL) TAIL / FAIL — U.S. and global ex-U.S. tail-risk ETFs pairing short-term Treasuries with a rolling ladder of out-of-the-money S&P 500 puts (Cambria — TAIL) Trinity Portfolio (TRTY) — roughly half buy-and-hold, half trend-following across a basket of other Cambria funds (Cambria — Trinity Portfolio) ENDW — Cambria’s endowment-style ETF, discussed on the show as roughly $150–180 million at launch and referenced later in conversation as having grown toward roughly $5 billion in assets with more than 100,000 investors (MebFaber.com) The CalPERS Critique — Further Reading 9 Institutions Can’t Beat a Basic Buy-and-Hold Allocation — MebFaber.com How California’s $450B Pension Fund Misses the Basics of Investing — YouTube Should a Robot Be Managing CalPERS’ Portfolio? — MebFaber.com, 2015 Index Funds vs. Ivy League — MarketWatch/Barron’s Streetwise CalPERS: America’s Misled and Misleading Pension Leader — Retired Public Employees Association CalPERS Section II Performance Tables (2026) — CalPERS.ca.gov Reducing the Noise of AI Investing – FrazerRice.com Frequently Asked Questions How much would a dollar invested in the U.S. stock market in 1800 be worth today?Meb Faber says roughly $200 million, using the figure to illustrate how relentless compounding has powered through wars, depressions, and pandemics over the country’s history. It’s an illustrative, back-of-envelope estimate rather than a precise index calculation, since standardized stock indexes didn’t exist in 1800. Why is Meb Faber’s new book priced at $76?It’s a nod to 1776 and the country’s founding, timed to the U.S. semiquincentennial. All proceeds go to charities that fund investment accounts for Americans born in the country. What is shareholder yield, and how is it different from dividend yield?Shareholder yield is cash dividends plus net stock buybacks (net of new share issuance, particularly from stock-based compensation), divided by market cap. Faber argues it captures real capital return to shareholders better than dividend yield alone, especially now that the S&P 500’s dividend yield sits near an all-time low of about 1.04% and share buybacks have outpaced dividends every year since the late 1990s. What is Meb Faber’s argument against CalPERS and other large pension funds?Faber’s recurring claim is “the returns are not bad, they’re just not good” — that giant institutional pools with access to virtually any manager on the planet still fail to consistently beat a simple, low-cost, diversified buy-and-hold portfolio, once fees and complexity are accounted for. Cambria launched an endowment-style ETF (ENDW) partly to make this a live, ongoing comparison rather than a hypothetical one. What is Cambria’s endowment-style ETF and how does it compare to institutions like CalPERS?ENDW replicates a Yale/Swensen-style endowment allocation — global stocks, global bonds, and real assets like gold, TIPS, and REITs — in a low-cost ETF with an all-in expense under 25 basis points. Faber uses it as a running, real-time benchmark against actual endowment and pension performance reported each fiscal year. Why does Meb Faber say complexity is often the enemy in investing?Unlike most fields, where more resources and the best available experts reliably produce better outcomes, Faber argues that in investing, more complexity and more access to exotic managers frequently doesn’t translate into better returns net of fees — and often just adds cost and illiquidity risk. What lesson does Meb Faber draw from institutional blowups and the 2008–2009 crisis?Endowments that mark their portfolios only once a year got caught badly offsides in 2008–2009, with illiquid positions falling even further than public markets. Faber sees the same pattern recur whenever a fund over-levers and gets forced out of the game — a basic failure of position sizing and situational awareness that keeps repeating at the highest levels of finance. Full Transcript [00:00] Cold Open (produced VO): I said, who’s had more turnover in the past 10 years — CalPERS CIOs or UK Prime Ministers? Both totally dysfunctional. And I think CalPERS has a slight edge, but it’s close. Meb Faber suggested that CalPERS should fire its entire investment team, and that complexity has become a major headwind to their ability to generate returns. Find out more on this episode of Wealth Actually. We’re also going to talk about Meb’s new book, which argues that America is one of the greatest compounding machines in the history of capitalism. [00:29] Show Open (produced VO): Welcome back to the Wealth Actually podcast — the show that features experts, entrepreneurs, and commentators who give you the right knowledge, planning, and guidance so you can preserve your assets and enjoy your wealth. Learn more and subscribe today at WealthActually.com. This podcast is for educational and entertainment purposes. It is not investment, legal, or tax advice. It does not represent the opinions of the employers of the host or guest. [00:54] Frazer Rice: Welcome back. Meb Faber is on the show. He founded Cambria Investment Management, which is a $4 billion ETF group. He also has The Meb Faber Show and does a lot of different writing. He’s famous for being on Twitter and taking on CalPERS. But most importantly, he has a new book out talking about America as a great compounding machine. It’s a lot of fun to have him on. Welcome aboard, Meb. [01:16] Meb Faber: My man, great to be here. Frazer Rice: Oh, thank you for being on. I thank you beforehand for including a piece of my writing in one of your old compendiums on best investment writing. I’ve never forgotten that, so thank you again. Meb Faber: Well, good job making the cut. Frazer Rice: Yeah, right, exactly. I passed the audition. Seen you a few times on The Idea Farm here and there over the years. Meb Faber: Yep. As I tell people with my girlfriend, I met expectations in my recent review, so we’re onto the next year. Look, key to life, Frazer — investors, we’re in a bull market, everyone expects 15% returns forever. Key to investing in life: just low expectations. That’s it. Set your expectations low, and you’ll be pleasantly surprised every day. Don’t lose principal over time — that’ll get you pretty far in life. [02:07] Frazer Rice: So anyway, you’ve got a new book out too, which I thought was pretty cool. I love the fact that you priced it at $17.76 and really focused on the— Meb Faber: No, no, no, no, Frazer — it is $76, in honor of 1776. Now to be clear, we don’t make any money on this book. We’re donating all the proceeds to the Invest America charities that fund accounts for Americans born in this country — a wonderful charity, big supporters of it. Frazer Rice: But yes, in honor of the country’s founding. This is why we have you all to make sure I get that stuff right. But the concept of America as the best compounding machine ever — I think that’s really interesting. First of all, what prompted you to get involved with putting this book together? You’ve written before — seems like you’ve been busy with other stuff, of course — but then you came back and decided this was a good topic to take on. What was the genesis of the book? [03:13] Meb Faber: Yeah, so this is my eighth book, and the first coffee-table book we’ve ever done. People were saying, “What the hell, $76? Are you guys crazy?” Look — this is a beautiful 200-page book. There’s probably 70 pictures, charts, tables. And the concept is in the subtitle: Investing in America: The Rise of a 250-Year Bull Market. And the origin story goes back to COVID. Nobody had anything to do — sports stopped, you couldn’t go to the beach. So people were sitting around, and Americans — look, they’re gamblers, they’re risk-takers, we know that. And I said, we can’t do anything about that. So this entire generation of young people turned their attention to the stock market, and we got meme stocks. Today that’s evolved into prediction markets and zero-day options and all sorts of other nonsense. We wanted to grab those young people and say, “No, you don’t understand — the real story is better than any of this. You don’t have to day-trade. You don’t have to bet against the casino and lose.” So we said, let’s do this history since the founding of our republic — what it would have looked like if you could invest from 1800. And the compounding math is so fantastical it seems wrong. A dollar invested in 1800 — and yes, I know there were no indexes back then, chill out, people — but just to be instructive, a dollar would be worth roughly $200 million today. The point is you get on this train despite wars and depressions and pandemics and everything else terrible that’s happened in the history of the world — despite all that, this relentless compounding is such a fun story. On top of that — the founding of our country, and a lot of people don’t know this: when you learn the history of America in elementary school, you learn about the immigration, particularly from Europe, people escaping religious persecution, seeking a better life through freedom — the Mayflower, all that. All true. But what they leave out is that most of these explorations and voyages were funded by companies. Back then they called them joint-stock companies; today we call them companies, LPs, C-corporations — corps, right, partnerships. Because the reality, going back to the 15th century, is that if you’re sending a ship to the New World to find gold, that ship could sink, or there were pirates — you’d lose all your money. So this brilliant invention we call diversification today has been around for hundreds and hundreds of years. These companies said, it’s risky to invest in one voyage, but you can own part of a company that invests in 10 or 20 or 30 of these, and maybe one of them will hit. That sounds like venture capital. They used to call these people “adventurers” or merchant adventurers. Hudson’s Bay, the Mayflower voyage, the Virginia Company — many of them failed, many didn’t make money, but some made spectacular profits. It’s a fun origin story that hasn’t really been told about these early entrepreneurs and risk-takers, who honestly still permeate our culture to this day. [06:33] Frazer Rice: In putting the book together, what was the most surprising chart you found that you ended up including? [06:41] Meb Faber: There’s a lot of fun historical statistics in the book. One of my favorite parts of writing it was buying — I don’t know, 50 or 100 financial history books I’d never heard of, books on financial crises globally from various markets. We just had an author on the podcast talking about the global financial crisis of 1873, and on and on — you learn so much. One I love telling people, especially young people — my son or his friends — is: look at a dollar bill or a quarter, and I ask, what’s the motto on there? Well, that used to not be the motto. Ben Franklin, back in the day, the motto on the Fugio cent used to say “Mind Your Business” — which I thought was amazing. And it’s not “mind your business, kid” in the nosy sense — it’s more like, mind your (own) business. It had a sundial on it, too: time is short, mind your business. I thought, let’s go back to that — such a great motto. A bunch of little fun stories, but to me one of the big takeaways of the book is: as a public stock investor, the news is always negative. You turn on CNBC, Bloomberg, pull up your phone, social media — negative, negative, negative, negative. It’s hard to sustain conviction. Look, we haven’t been through a big bear market in 17 years, but when you’re down 30%, 40%, 50%, and you’re reading “Lehman’s going under” and all these crazy headlines — the book lets you zoom out. Each chapter zooms into a decade and then zooms back out and says, okay, 1930s, Great Depression, you lost 80% in stocks — but guess what, here’s your return over the next 50 years. Even over a 20-year period, large-cap stocks become less volatile than bonds, which is an amazing takeaway. Being able to zoom out and say, “I’m a long-term investor, why am I even concerning myself with day-to-day negativity” — that shift in mindset is really important, because when you zoom out, you can barely even see 1987 on a long-term chart of the stock market. I think it’s a useful thing to send to clients, particularly at year-end if you’re a financial advisor. We’ve got big discounts if you buy 50 books online — send it to clients and say, hey, stop going crazy, this too shall pass. [09:09] Frazer Rice: One thing I always have in my mind — I don’t remember if this is exactly true, but Argentina and the US were on roughly equal economic footing back around 1900. When you were putting this together, did you see anything in the US’s political climate or structure — the things that gave it tailwinds to go from 1900 through to now with this rocket-ship growth — versus a country like Argentina, similarly situated, that just muddled along economically? Was there anything in particular that you saw that codified American exceptionalism? [09:51] Meb Faber: Yeah, you’ve got to remember, the US was an emerging market too, for a long period. We didn’t always hold the crown as the largest economy or the largest stock market in the world. The US is two-thirds of world market cap today — astonishing. But if you and I were sipping tea back in 1800 or 1900 and betting on what country would dominate the next century, you’d have gotten a whole host of different answers. That’s part of the fun of this book — you realize, when things got started in Amsterdam in the 1600s, they held the crown, but not forever. It shifted to London, then eventually to New York. And in our own lifetimes, the US wasn’t always the largest stock market — Japan was, in the 1980s. It’s a useful construct: look how much things change. Not even just on a country level — sectors too. Go back 100 years and you’re like, wait, where are the tech stocks? It was railroads. Go back another 100 years and it’s, wait, where are the railroads? There weren’t any — it was banks and insurance. The constant is always change and creative destruction. The big takeaway is you have to be an owner. This ownership mentality is particularly pervasive in the US. Talk to people in Sweden, Europe, Asia, Latin America — they own far fewer stocks than Americans do. Ask what they invest in, and it’s cash in the bank, real estate, maybe. There’s something in the water here. Same thing with entrepreneurship — talk to Americans about failure, and there’s no shame in it here. It’s almost celebrated; we cheer for it. The only thing we like seeing more than someone fail is their eventual rise after failure — the phoenix. There’s a lot of big takeaways in that. It feels like the last 17 years, the US is just going to dominate forever. We wrote a paper called The Bear Market and Diversification a few years back about how special this period has been for US stocks, crushing everything else — but it’s not totally without precedent. In the last hundred years it’s happened three other times where 10-year rolling stock returns hit 15%: the 1920s (the Roaring Twenties), the Nifty Fifty period in the mid-20th century, and my favorite bull market, the late 1990s. And now again today — COVID, meme stocks, the AI boom, whatever you want to call it. Eventually the good times don’t last forever; you probably shouldn’t expect 15% returns to the moon. But pat yourself on the back and celebrate it — it’s been a very special run. [12:47] Frazer Rice: Day-job-wise, at Cambria you’ve got a whole host of different investment theses that you build vehicles around. One that’s gotten my attention, and that I really like the idea of, is the shareholder yield concept — especially the global shareholder yield concept, for the reasons you just described, coming off a very long cycle of US exceptionalism in the stock market. I like the idea of cash flow as an indicator of good investment performance, and diversifying both within and outside the US. With an asterisk here that this is not investment advice, everyone — take us through what you’re thinking on that front, and what else you’re up to at Cambria that’s interesting in the investment ecosystem right now. [13:35] Meb Faber: Sure. It’s kind of crazy, Frazer, but we hit our 20-year anniversary this year, which feels like just yesterday when I started the company. Some of the shareholder yield funds — we now have three with over a 10-year track record, and our oldest, SYLD, is a pesky teenager now. What do you expect out of teenagers? More volatility — hopefully up volatility, not down. We wrote a book on this topic 10, 15 years ago, and a new second edition is out — it’s free online as an ebook, listeners, you can get it from the blog. The subtitle of the book is Shareholder Yield: A Better Approach to Dividend Investing — a pretty bold claim, given there are hundreds of dividend-type funds out there: dividend income, dividend growth, equity income, on and on. Our thesis was that there’s something the entire marketplace hadn’t noticed or appreciated: the rise of share buybacks. Starting in the late ’90s, share buybacks have outpaced dividend distributions in the United States every year. In fact, the US dividend yield on the S&P 500 is at an all-time low of 1.04% — it may cross below 1% for the first time ever, which is astonishing. Our thesis was that a shareholder yield approach — simply cash dividends plus net stock buybacks — outperforms, historically, any dividend strategy you can construct. The “net” matters because it accounts for share issuance, particularly stock-based compensation to the C-suite, which is everywhere in the US — my home state of California’s tech companies love to “make it rain” with stock-based comp. The problem is the average US stock is a diluter: your ownership share goes down every year because they keep issuing more shares. We’ve since demonstrated this in real time across SYLD, FYLD, EYLD (the emerging-market version), and now small-cap and large-cap variants — they’ve done exceptionally well. These funds effectively target a Buffett-like, value-and-quality approach: the average stock coming into the portfolios has roughly a double-digit shareholder yield. Let that sink in — there are dividend funds in the US today, ETFs and mutual funds, that claim to be high-yield or dividend-income funds whose actual dividend yield is lower than their management fee. A negative net dividend yield — an astonishing statistic in 2026. In the US, that shareholder yield is mostly driven by buybacks. In foreign developed and emerging markets, it’s closer to 50-50 — those markets still have more of a culture of cash dividends, so you’ll see yields there closer to 5-6%. But that’s changing, and changing fast. We did a blog post recently calling the UK the “buyback capital of the world” — the UK, China, Japan, and a bunch of other countries have hockey-sticked higher on this. It’s spreading globally, this idea of corporate responsibility: “my stock’s at half of book value, maybe we should consider buybacks.” There’s so much mythology around stock buybacks — we could do a whole podcast on it — and we try to tackle it in the book. Hopefully it’s like a red pill: once you take it, it’s hard to look at investing the same way again, because it feels like you were missing a major piece of the puzzle. [17:46] Frazer Rice: How infuriating is it when the Warrens of the world take aim at buybacks? It feels like an economically illiterate, and certainly politically driven, approach to legislating. To put the clamps on a genuinely useful capital allocation tool — I just don’t understand it. You must look at that and want to shake people and say, you’re missing the point, and you’re not even really targeting the abuses that exist. [18:20] Meb Faber: Well, I try not to be too dismissive of our lovely politicians — the joke I always make is, don’t look down on them, they weren’t taught finance and investing in school either. We don’t teach money and investing in school, and that’s sort of my white whale — I think we should be teaching it as early as elementary school, just basic classes on money. The good news is, roughly a quarter to a third of high schools are now requiring at least one class on the topic. What they’re actually targeting, I think somewhat thoughtfully underneath it, is executive compensation and stock issuance — which is the crazy part, because buybacks are the flip side of that. If a company is consistently loading up its CEO with options and diluting shareholders, and using buybacks to mop that dilution up — that’s what they’re really targeting, but it’s not the buyback itself. It’s the stock-based comp. Buybacks are the exhaust; that happens down the road. The cool part about our methodology is we’re only targeting companies trading at something like 80 cents on the dollar. Buffett is my favorite example here — Berkshire has never paid a dividend, and you might think that’s crazy, but he understands this better than anyone. He’s been writing about buybacks since the 1980s. There’s a great quote from an old Berkshire annual report where he says there’s no better use of cash than buying back your own shares when they’re trading below intrinsic value. Berkshire has bought back a ton of stock over the past several years — smart — they say they’ll buy back at 1.2 times book or below and run a valuation screen. There’s a great, somewhat surprising, takeaway in the book: there’s a myth that CEOs are megalomaniacs who just buy back stock whenever they think it’s expensive or cheap, but if you model it out historically, companies doing big buybacks (say, to retire 5% of market cap) tend to trade at a valuation discount to the market, and companies doing share issuance tend to trade at a valuation premium. There’s a real valuation arbitrage going on — CEOs aren’t dummies. That’s part of what you’re capturing with a shareholder yield approach, as long as it’s consistently recycled. And remember, a buyback is optional — there has to be someone willing to sell into it, so there are always two sides. [20:54] Frazer Rice: Let’s talk about one of my favorite parts of your persona, honestly — your fun critique of CalPERS and what large institutions do (and don’t do well) in managing money, and the inefficiencies that creep in with these big pools of capital as implementation and asset allocation get very complicated and very expensive. Walk me through your thinking when you first noticed the CalPERS phenomenon, and a bit of the history there. [21:34] Meb Faber: My very first book was called The Ivy Portfolio, and we looked at how top endowments manage their assets — Yale, the late David Swensen. One of the strange things about our world in asset management — almost unique among industries — is the assumption that more resources, more money, more access automatically equals better results. That’s true in almost every other endeavor: get the best doctor, you’re probably better off than with your local doctor; best trainer, best nutritionist, best coach, on and on. Not necessarily true in investing. The longer I’ve been in this business, the more I see complexity as often an enemy. So we love to pick on CalPERS — we’ve written a dozen articles: should CalPERS be run by a robot, should they just fire everyone and buy ETFs? We’ve run the simulations, and in many cases these giant institutions — with $500 billion, hundreds of employees, access to literally any fund on the planet — should be able to beat everyone, but they can’t. A very basic buy-and-hold portfolio can mimic what a lot of these top institutions actually deliver. Eventually I got tired of just talking about it. I’ve applied for the CalPERS CIO job at least half a dozen times — they have an opening every other year, listeners, it’s the most dysfunctional organization. I joked on Twitter the other day: who’s had more turnover in the past 10 years, CalPERS CIOs or UK prime ministers? Both totally dysfunctional — I think CalPERS has a slight edge, but it’s close. I said I’d do the job for free — I’d fire almost everyone and get rid of all the illiquid, high-fee investments. But there’s this entire ecosystem of people incentivized to keep the engine running: private equity consultants and the rest of the “two-and-20” crowd. So eventually we said, let’s make this a real, live contest. We launched an endowment-style ETF, ENDW — roughly $150-180 million in it now — and said every June 30th, once we’re through a fiscal year, we’re going to compare results head-to-head. This ETF has no management fee to speak of, all-in under 25 basis points. Can you beat a low-cost ETF like that? Let’s find out. Sure enough, year one — CalPERS has already reported, and they didn’t do badly, but it was basically like a 60/40 portfolio; you’d have been just as well off doing 60/40 and moving on. Our endowment-style allocation actually replicates the average endowment quite well — a nice global mix of global stocks, global bonds, and global real assets (gold, TIPS, REITs, and so on — that real-assets sleeve is one a lot of people leave out). To get closer to a Swensen-level result, you need a couple more ingredients, in my view: you can approximate something like private equity with small-cap value, and approximate the broader endowment risk profile with a bit of leverage, plus tilts to value, global exposure, and trend-following. We’ll see how year one shakes out once all the endowments report — UNC might actually beat us because they had a huge stake in SpaceX, so congrats to Chapel Hill. But I think year one goes to me, sorry to say, CalPERS. I’m going to be a giant irritant on this for years to come. The cool thing is you now have a genuinely investable benchmark. Every endowment investment committee suddenly has to ask, with real fiduciary teeth: can we beat this low-cost ETF? And if we can’t, what are we even doing — why are we studying all these crazy illiquid partnerships instead of just buying a basket of ETFs and calling it a day? That’s going to be an awkward conversation in a lot of boardrooms. [25:45] Frazer Rice: Two comments on that. First — isn’t there someone in the state of Nevada doing something similar, basically running one of the state pension pools with a team of about three people? [25:51] Meb Faber: Yes — we had him on the podcast. I told him, look, you’re putting your money where your mouth is on this. I won’t do his story justice here, I’ll tell you about it off-air — but it’s a great example that this doesn’t have to be as hard as people make it out to be. Frazer Rice: The second thing is — anytime I’ve talked to people in the industry about this, they come back and say, “yes, we technically have an infinite investing horizon, but we have very rigid liquidity needs, so we need to be complex, because our liquidity needs can shift at any moment.” Meanwhile, on one hand I’m thinking, that complexity doesn’t actually help you with liquidity, as far as I can tell — and on the other, it feels like a bit of a convenient excuse. Do you have a response to that? [26:56] Meb Faber: Oh boy, I’ve got a bunch. The endowments famously got caught upside-down in 2008-2009. They only mark their portfolios once a year, June 30th — I wish we could all do that; maybe we should just tell clients, you’re only allowed to look once a year. They were probably down roughly half in ’08-’09, and the illiquid positions were probably down even more. A lot of them got badly offsides, and I don’t think many of them have fully learned the lesson — if you look at the amount of private allocations still sitting in a lot of these portfolios today, it’s a massive amount. I hope they’ve learned the lesson. We’ll see. But it’s a story as old as time — we just saw a version of it recently with a fund blowup, a basic, one-oh-one level failure of situational awareness and position sizing: you over-lever a portfolio, you get taken out of the game, you lose all your money, and then you’re out of chips at the poker table. You watch these mistakes happen at the upper echelons of finance and wonder how it’s still happening — and the core problem is that the career incentives of the people running the money don’t necessarily match the actual investment problem. Yale gets a pass. When Swensen’s successors hit a rough patch, how long do they get a pass? Because Harvard has been a total mess for the last 20 years — there are entire books written about the Harvard endowment, which used to be the Yale before Yale. The Harvard Crimson ran article after article saying, you’re overpaying people, what’s going on here — and the fund would underperform and nobody would actually lose their job over it. That’s the real problem, and I have some sympathy for how hard it is to fix. You deal with a version of this on the personal client side too, with multigenerational wealth — it’s almost an unsolvable structural problem for a Harvard, an endowment, or a CalPERS, because — take Harvard — you’ve got current students, alumni, future students, professors, the people who work at the endowment itself, all with completely different incentives and interests. It creates a genuinely absurd situation where, in no realistic scenario, should the resulting portfolio look like what they actually end up with. It’s an outright disaster, structurally. [29:36] Frazer Rice: It reminds me of a car designed by committee — you end up with this stitched-together Frankenstein’s monster of a product that was never going to work or sell, and it ends up sinking the company. Meb Faber: Yeah, yeah — a Rube Goldberg machine is not what you need. But there’s a reason our endowment ETF, out of the roughly 20 funds we’ve launched, has gotten the least attention — even though it’s now about $5 billion in assets with over a hundred thousand investors. It’s received the least publicity of any ETF we’ve ever done, because it doesn’t benefit anyone in that whole existing ecosystem — it’s actually a genuine threat to it. I was at an institutional conference up in Santa Barbara, at a wine happy hour, talking to three women who run three of the most famous pension and endowment pools of real money in the country. We’d just launched an endowment-style ETF, and they just stared back at me with these icy daggers. I said, oh, sorry — I’m not really a competitor to you, you should easily be able to beat me, I’m just the table stakes. But I think they realized that’s probably not true — they’re going to have a very hard time beating me, which doesn’t exactly make me anyone’s friend. I’m the anti-Switzerland of asset management. [31:16] Frazer Rice: Meb, how do people find the firm, find the book, find you? [31:24] Meb Faber: With a name like Meb, it’s easy. Cambria Funds is the day job, with the ETFs. Meb Faber is the old blog, podcast, and Twitter presence — you can find that just about anywhere. And if you find yourself in Los Angeles, Manhattan Beach, come say hi. We’d love to hear from you if you pick up a copy of the book, Investing in America — let us know what you think. Frazer Rice: Really cool stuff. Thanks, Meb, for being on. This was a blast — let’s do it again. Meb Faber: Let’s do it. [31:50] Close (produced VO): This podcast is for educational and entertainment purposes. It is neither investment, legal, nor tax advice. It does not represent the opinions of the employers of the host or guests. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

The National Labor Relations Board is responsible for developing national labor policy, but it has historically accomplished its mission through case-by-case decision making rather than through rulemaking. And while that approach has been criticized over the years, it remains the Board’s customary approach and official policy.But that may be changing. Vacancies at its highest levels have have left the Board unable to reverse its own decisions, and it has been bombarded by requests from businesses to do more rulemaking. A decision from the Sixth Circuit, Brown Forman v. NLRB, has called into question whether it even can develop policy through adjudication—or at least, not in the way it usually does. Will the Board give in to these pressures and write more rules? Should it? And if it does, what will that change mean for businesses and workers? Our expert panel will break it down.Featuring:Prof. Samuel Estreicher, Dwight D. Opperman Professor of Law Director, Center for Labor and Employment Law Co-Director, Institute of Judicial Administration, NYU School of LawBrian E. Hayes, Shareholder, Ogletree DeakinsMarvin Kaplan, Principal, JacksonLewis(Moderator) Alex MacDonald, Shareholder & Co-Chair of the Workplace Policy Institute, Littler Mendelson P.C.

Did you know that owning shares in certain travel companies can come with perks like cruise onboard credits, hotel discounts, elite status, and car rental savings? In this Travel Tip Tuesday, we're breaking down shareholder benefits from companies including cruise lines, Accor, IHG, and Sixt—and sharing how these travel perks can help you save money on your next trip. Important: This is information, not investment advice, so be sure to do your own research before buying any stock.Support the Travel Mug Podcast by buying us a coffee! You'll make our day & you'll get access to fun stuff like bloopers and extra content.We have Merch! Shop the Travel Mug Podcast Store Check out our fav items here: Our Favourite Travel ProductsGRAB OUR MASTER PACKING LIST HERE*****************************************We are travel enthusiasts who do not claim to be professionals! Instead, we are two Halifax, NS natives with travel blogs who somehow found one another on the internet, and now, we have a podcast!!Join us every week as we talk about our favourite destinations, travel tips, travel fails, and all things travel!We have a big passion for travelling and talking about travel, so we hope you will listen and join the conversation.You can find us here:Our WebsiteFacebookInstagramJenn's Travel Blog Jenn's YouTube channelDisclaimer: All episodes are based on our opinions and experiences. Always do your research and make travel plans based on your budget and comfort levels.Support the show

Many of our listeners are interested in what financial history can tell us about the returns of financial assets – and particularly of equities. We are therefore delighted as Sandy Nairn and Michael O'Connell join Russell Napier to discuss their new paper for the University of Strathclyde – ‘What Does Shareholder Wealth Creation Tell Investors?'.Michael is an Accountancy and Finance Researcher at the University of Strathclyde. Sandy is Executive Director of Global Opportunities Trust plc, and was previously Chairman of Templeton Global Equity Group and Chief Investment Officer of Scottish Widows Investment Partnership.You can download the full report here:www.libraryofmistakes.com/blog/what-does-shareholder-wealth-creation-tell-investors(This episode was recorded around an office table during the Edinburgh Festival, and excitable pedestrians in the street outside joined in the fun by providing occasional background noises.)

Originally uploaded June 25th, reloaded July 8th. Chris Holman welcomes Brandon M. H. Schumacher, Esq. - Shareholder, Trial Attorney, Foster Swift, Collins & Smith PC, Attorneys with 5 offices across Michigan. Brandon, let's start with a challenge many businesses face. When a customer or client isn't paying their invoices, what are the first steps a business owner should take before involving an attorney? At what point does a past-due account become a legal issue rather than simply a business relationship issue, and what options are available to companies trying to recover what they're owed? Many business owners have heard the term "construction lien," but may not fully understand it. What is a construction lien, and why is it such an important tool in the construction industry? For contractors, subcontractors, suppliers, and other businesses involved in construction projects, what are some common mistakes that can cause them to lose their lien rights or make collection more difficult? Whether a company is dealing with unpaid invoices or construction payment disputes, what practical advice would you give Michigan business owners to help protect themselves before problems arise? » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch 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 Alexander S. Rusek, Shareholder, Foster Swift Collins & Smith PC, Lansing, with 5 locations across Michigan. Alex, artificial intelligence is making it easier than ever to create convincing fake images, videos, and voices. What are "deep fakes," and why should every Michigan business owner be paying attention to this growing threat? We've heard about deep fakes targeting celebrities and public figures, but how are criminals using this technology to commit fraud against businesses, their employees, and even families? » 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/ August 12, 2026 Speaking Engagements Event Sponsor: Foster Swift Second Wednesday Series The Deepfake Threat: Protect Your Business, Employees and Family Artificial Intelligence (AI) continues to create new tools and opportunities for businesses, but it is also being used by scammers to fuel a rapidly growing new wave of cybercrime. From AI-generated voice clones to authorize fraudulent wire transfers, to deepfake impersonation videos targeting executives, businesses of all sizes face evolving risks that can have significant legal, financial, and reputational consequences. Join our August 2nd Wednesday as moderator Rob Hamor welcomes back criminal law attorney Alex Rusek for a practical discussion on how AI and deepfakes are being used against businesses, executives, and even families. When: August 12, from 12:00-12:30 pm Registration: https://bit.ly/2ndWeds2026 Topics during this session include: Understanding Deepfake Threats Learn about deepfakes, voice cloning, and AI impersonation technologies, along with emerging legal considerations. How Scammers are Using AI & Deepfakes to Target Businesses Fraudulent payment and wire transfer requests. Fake executive audio and video communications. Other reputational attacks via manipulated content. Legal Strategies for Business Protection Policies and procedures to verify financial transactions. Internal employee training considerations. Overview of Michigan's Protection from Intimate Deep Fakes Act and the federal TAKE IT DOWN Act, potential civil and criminal consequences for the misuse of AI-generated content, and available legal options. For Parents: Protect Your Children from Online Deception Children are also targets of deepfakes both online and on social media by predators and even classmates who are using AI. A brief look into: AI-generated social media profiles and identities meant to deceive. Sextortion and online extortion schemes via manipulated images. Steps that parents can take to educate and protect children. AI continues to create new tools and opportunities for businesses. But someone else is also benefiting: cybercriminals. From AI-generated voice clones to deepfake impersonation videos, businesses of all sizes face evolving risks that can have significant legal, financial, and reputational consequences. Join business attorney Rob Hamor and criminal law attorney Alex Rusek next Wednesday, August 2, for a practical discussion on how AI and deepfakes are being used against businesses, executives, and even families.

We've been doing this for 5 years!!! Thanks for liking us enough to let us continue doing this for half a decade! We avoided the tornados and got in a good amount of nonsense for this week's episode. An angry sounding "Gnome" and TWP Chris joined us to talk about all manner of things, such as:   The poster of Nick sitting on his ass was stolen - BRING IT BACK! Shareholder value is all that matters and Julia is still delusional about Tilray stock. "Gnome" mansplains hap-piness. We're still talking about how "the data" says people are drinking less, but we think people are just drinking more varied beverage types. Bret and Mike share their top 5 daily habits. Trying to come up with 37 different way to say "Cincy Brew Dads" Covering every inch until you have at least 6 or 10 of them. Discussing what takes longer - letting people have unlimited tastes or just pouring them a flight. We realized that Gnome is getting all of our invites. Marco got Julia ice cream!! Blake let his entire intro song play out for the first time ever. Barrel aged English IPAs, wild fermented pastry stouts, and other styles Ohio is still missing. Learning that alpacas spit just like llamas. Mystery beverages were set on the table. Making a "Kiss the Boo-boo" cocktail. Weed beverages in Ohio still don't make sense. Regardless of what the press release says, FigLeaf is closed, and a Spirit Halloween will be opening there in 2 weeks. Chris gave his best-ish Liam Neeson. ----- This episode covers the following shows : The Weekly Pint - Ep 326 - Tis The Season! Barstool Perspective - 8/7/2026 Cincy Brew Dads - Little Miami Brewing - A Brewery...and a Van...Down by the River - From the Tap Ep 28 Blake's Craft Beer Podcast - Ep 139 - Half Way through 2026 Panel ----- What we drank :  Malort 3 Floyds - Zombie Dust - IPA Columbus Brewing Co - Bodhi Jr - IPA Toppling Goliath - Oktoberfest  Allagash - White Masthead Brewing - IPA - IPA Beer Tree Brew Co - Canyon - West Coast IPA Prarie Ales - You Say Dubai, I Say Hello - Dubai Chocolate Pastry Stout ----- Episode recorded on 8/11/2026 at our amazing podcast host, Higher Gravity Summit Park! https://highergravitycrafthaus/ Disclaimer: The views and opinions expressed by Truth, Beer, and Podsequences are those of the participants alone and do not necessarily reflect the views or opinions of any entities they may represent nor the establishments they may be recording at. ------  Links to everything at http://truthbeerpod.com/ or https://truthbeerpod.podbean.com/ Find us on all the social medias @ TruthBeerPod Email us at TruthBeerPod@gmail.com Subscribe, like, review, and share! Find all of our episodes on your favorite Podcast platform or https://www.youtube.com/@TruthBeerPod ! Buy us a pint!  If you'd like to support the show, you can do by clicking the "One-Time Donation" link at http://truthbeerpod.com ! If you want exclusive content, check out our Patreon!  https://www.patreon.com/TruthBeerPod If you'd like to be a show sponsor or even just a segment sponsor, let us know via email or hit us up on social media! ----- We want you to continue to be around to listen to all of our episodes.  If you're struggling, please reach out to a friend, family member, co-worker, or mental health professional.  If you don't feel comfortable talking to someone you know, please use one of the below resources to talk to someone who wants you around just as much as we do.   Call or Text 988 to reach the Suicide and Crisis Lifeline Chat with someone at 988lifeline.org http://www.988lifeline.org ----- Our Intro, Outro, and most of the "within the episode" music was provided by Gnome Creative. Check out www.GnomeCreative.com for all your audio, video, and imagery needs! @gnome__creative on Instagram @TheGnarlyGnome on Twitter https://thegnarlygnome.com/support http://gnomecreative.com http://instagram.com/gnome__creative http://www.twitter.com/TheGnarlyGnome

Nutrafol's Rooted In series brought to you by The Tease nutrafol.com/stylists Hosted By Johnnell Theresa Nidoh  Beauty runs deep in her roots—literally. Johnnell grew up in her mother's salon, where the sound of dryers and hairspray sparked her passion for the professional hair industry. From sweeping floors to leading brand education and storytelling, she's built a 20+ year career across brands like Bumble and bumble, DevaCurl, and Salon Professional Distribution.  Long before it became mainstream, she saw the shift toward scalp health and whole-body wellness. Today, at the heart & helm of the Salon Channel at Nutrafol, Johnnell is passionate about shaping the future of holistic hair health and helping make inside-out beauty the new standard. Outside of work, she is fueled by travel, connection, yoga, meditation, and a love for new experiences that keep her grounded and inspired, because less stress = healthier hair. Interview with Dana Funk Dana Funk began her journey with Studio Gaven on September 17, 2007. While attending cosmetology school, she started part-time in the call center before transitioning to the front desk, where she trained under Derek Reynolds and quickly developed a passion for guest experience, leadership, and customer service. After earning her Shampoo Tech license in 2007 and Cosmetology license in 2008, Dana entered the associate program under Jayson Morgan, who became an incredible mentor for all things hair and guest experience. Dana then advanced through the Summit Salon career path, ultimately achieving Level 5 Summit Stylist status before transitioning into leadership. The beauty industry and doing hair have meant so much to Dana throughout her career. From 2008–2017, she had the privilege of working behind the chair with some of the most amazing guests, creating relationships and memories that she will always cherish. She is incredibly thankful to every guest who trusted her throughout those years and helped shape her journey. Throughout her career, Dana trained in front and back house operations, management, and team leadership. Working alongside Gaven Smith has been one of the most amazing and rewarding experiences of her career. In 2015, she became Director of Studio Gaven, and in 2017, she was honored to become a Shareholder and Part-Owner. Dana is passionate about leadership, team culture, guest experience, and helping others grow both personally and professionally. “This journey still feels like a dream. I count my blessings every single day, and I am forever grateful for this team, this career, and every person who has been part of the journey.” Links: https://www.instagram.com/studiogavenhaircolour/  Interview with Casey Gilley As a senior stylist, shareholder/co-owner at Studio Gaven Hair Colour, Casey has proudly spent the last 20 years building a loyal following and a deep bond with her guests in Franklin, Tennessee. A passionate educator with 15 years of mentoring experience, she also works directly with their management team to maintain their daily operations running smoothly by overseeing everything from inventory control and guest relations to employee management, professional development, and maintaining positive team culture.  Behind the chair, Casey works with a salon associate every day to ensure a luxurious and relaxing experience for all guests. She specialize in advanced hair transformations as a Redken Certified Colorist and a certified Invisible Bead Extensions specialist, allowing herself to craft completely customized, seamless luxury looks for her clientele. By pairing her elite artistry with top-tier product lines like Kérastase, Shu Uemura, Pureology, Redken, Color Wow, and Nutrafol, her ultimate goal is to inspire and empower her talented staff while ensuring that every guest experiences the highest standard of luxury and care during their visit. Links: https://www.instagram.com/caseylgilley/  More from TheTease.com   Instagram: https://www.instagram.com/readthetease/ (readthetease) Instagram: https://www.instagram.com/volumeupbythetease/ (volumeupbythetease) Instagram: https://www.instagram.com/kellyehlers/ / (KellyEhlers) Instagram: https://www.instagram.com/eljeffreycraig/ (eljeffreycraig) Web: https://www.thetease.com (TheTease.com) Email: VolumeUp@TheTease.com   Credits: Volume Up is a Tease Media production. This episode was produced by Monica Hickey and Madeline Hickey. James Arbaje is our editor and audio engineer. Thank you to our creative team for putting together the graphics for this episode.   Thank you to the team who helped create our theme song. Show them some love and check out their other work! •Josh Landowski https://www.instagram.com/josh_landowski/

EDITORIAL: SEC over-regulation at the expense of shareholder rights | Aug. 13, 2026Check out our Streaming Channel: https://streaming.manilatimes.net/Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribeVisit our website at https://www.manilatimes.netFollow us:Facebook - https://tmt.ph/facebookInstagram - https://tmt.ph/instagramTwitter - https://tmt.ph/twitterDailyMotion - https://tmt.ph/dailymotionSubscribe to our Digital Edition - https://tmt.ph/digitalCheck out our Podcasts:Spotify - https://tmt.ph/spotifyApple Podcasts - https://tmt.ph/applepodcastsAmazon Music - https://tmt.ph/amazonmusicDeezer: https://tmt.ph/deezerStitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein#TheManilaTimes#VoiceOfTheTimes Hosted on Acast. See acast.com/privacy for more information.

The Shareholder Blood Machine: How Dodge v. Ford Built the Wage-Slave Matrix! Today is not a normal episode. Today is a deep-dive autopsy of the system that turned free Americans into overworked, underpaid, hour-cut battery chickens while the boardroom toasts with your unpaid overtime. We are talking Dodge versus Ford, shareholder primacy, the deliberate overwork-and-starve cycle, and every conspiracy the media calls “fringe” right before the documents surface twenty years later. Buckle up. We are not holding back. We are not “both-sides-ing.” We are naming the machine.  Web Site: www.DontTreadonMerica.com https://linktr.ee/DontTreadonMerica Email the show: Donq@donttreadonmerica.com DTOM Store (Promo code DTOM for 10% off) Sponsors: www.makersmark.com Celsius Live Fit www.NordVPN.com  Promo Code: DTOM www.alppouch.com/DTOM www.dubby.gg Promo code: DTOM Social Media:   Don't Tread on Merica TV   DTOM on Facebook   DTOM on X    DTOM on TikTok    DontTreadonMericaTV   DTOM on Instagram    DTOM on YouTube  

A driver picks up a passenger who has shares in the company the driver works for. In that conversation, the driver learns his company doesn't care about drivers and can't wait until they get replaced by AI. A gut-punch conversation about corporate priorities and what happens when you accidentally get a look behind the curtain 

It is a bold vision for a new economic order: The "Global Justice Report", led by star-economist Thomas Piketty, models a global economy that could reconcile planetary boundaries and prosperity for all by 2100. How is it done? By taxing the ultra rich and transferring their shareholder power towards a World Sovereign Fund, a democratic body redirecting investment toward public and sustainable global goods. Thomas Piketty joins Dissens to talk about the report and how socialists can win the battle for the hearts and minds in times of an ultra-nationalist regression.

Stewart Glickman breaks down the latest earnings from Exxon Mobil (XOM) and Chevron (CVX), highlighting how both companies remain focused on dividends and buybacks despite differing quarterly results. He explains why Chevron's execution earned a stronger market response and discusses how lean balance sheets could help both energy giants maintain shareholder returns even if oil prices weaken.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Hon. Lindsey Graham (1955-2026) For more than two decades, Senator Lindsey Graham was a consequential voice on the United States Senate Committee on the Judiciary. He played a prominent role in some of the era’s most contentious judicial-confirmation battles, including the nominations of Brett Kavanaugh and Amy Coney Barrett, and, as chairman during the 116th Congress, helped guide President Trump’s judicial nominees through the committee.Join us for a discussion reflecting on Senator Graham’s legacy, including his impact on the federal judiciary and the Senate’s advice-and-consent role.Introduction by Sheldon Gilbert, President and CEO, The Federalist SocietyFeaturing:Hon. Andrew N. Ferguson, Commissioner, Federal Trade Commission, Former Chief Counsel, U.S. Senate Committee on the JudiciaryMichael Fragoso, Partner, Torridon Law PLLC; Former Chief Counsel, U.S. Senate Committee on the Judiciary Lee Holmes, Shareholder, D.C. Office Managing Shareholder; Former Staff Director and Chief Counsel, U.S. Senate Committee on the JudiciaryKatherine Nikas, Senior Director, Microsoft; Former Staff Director and Chief Counsel, U.S. Senate Committee on the Judiciary(Moderator) Hon. Julius N. Richardson, Judge, United States Court of Appeals, Fourth Circuit

Health insurance denials are out of control, and insurance companies are banking on you just accepting it and paying the bill. This week, Vivian sits down with Zach Veigulis, co-founder and Chief AI Officer at Claimable, to break down the villain origin story of health insurance and exactly how to fight back when your claim gets denied. In this episode, Vivian and Zach cover: 1. Why claims get denied in the first place, which types of claims get denied at disproportionately high rates, and why you should never just accept a denial and pay the bill. 2. The exact steps to take to appeal a denial (and how fast you need to move), the magic words to use in an appeal letter, how to tell a real coverage denial from a bogus billing error, and what "medically necessary" really means. 3. What to do if you can't afford the bill while your appeal is pending, and the nuclear options, think state insurance commissioners and patient advocates, if you're denied at every level. Check out Claimable at https://www.getclaimable.com/. Follow the podcast on Instagram and TikTok! Got a financial question you want answered in a future episode? Email us at podcast@yourrichbff.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cellnex owns and operates around 112,000 telecom towers across ten European markets, generating recurring, contracted revenue from mobile operators who have few practical alternatives once a site is built.   This episode of In The Know was recorded by GLIO (the Global Listed Infrastructure Organisation), with Cellnex CEO Marco Patuano and Roy Harrison, Investment Analyst in the Magellan Global Listed Infrastructure team. Together they unpack the tower business model and its economic moat, and why Marco believes the market may be mispricing Cellnex's risks. They also cover the drivers of organic growth, the company's shift from debt-fuelled M&A to balance sheet repair and shareholder returns and Marco's view on the investment case as free cash flow builds.   Magellan Investment Partners would like to thank GLIO and Cellnex for the opportunity to bring this conversation to our audience.

Dustin Perry, Founder and CEO of Kingfisher Metals Corp. (TSXV:KFR) (OTCQB:KGFMF) (FSE:970), joins me to outline the news out today announcing that it has entered into an agreement with Barrick Mining Corporation; whereby Barrick has agreed to purchase 15,470,934 units of Kingfisher in a non-brokered private placement at a price of C$1.35 per Unit for gross proceeds of C$20,885,761.   Each Unit consists of one common share of Kingfisher and 0.5 of a common share purchase warrant. Each Warrant will have a term of two years and each whole Warrant will entitle the holder thereof to purchase one Kingfisher Share for a price of C$1.70 per Kingfisher Share.  The Placement will result in Barrick owning approximately 9.9% of the issued and outstanding Kingfisher Shares on a non-diluted post-transaction basis and 14.1% of the outstanding Kingfisher Shares on a partially diluted post-transaction basis, assuming exercise of all Warrants.  The Company has agreed to use at least 80% of the proceeds from the Placement for exploration and development of the HWY 37 Project, located in the Golden Triangle, British Columbia; with the balance for general working capital and other purposes.  Closing of the Placement is expected to occur on or before July 27, 2026, subject to customary closing conditions, including receipt of all necessary approvals, including the approval of the TSX Venture Exchange.   Dustin highlights the benefit of having some of the top-tier Barrick geologists to share ideas with their solid exploration team moving forward; and reiterated their technical bench-strength and the systematic approach that their team was already taking.  The company already commenced a fully-funded 15,000 metre drill program earlier this month; and has 3 drill rigs currently turning in a three-pronged approach to various copper-gold porphyry and epithermal targets throughout the Hank-Mary district of the Hwy 37 Project.    Click here to follow the latest news from Kingfisher Metals   Click here to view the site visit video to the Hwy 37 Project     If you have questions for Dustin regarding Kingfisher Metals, then please email those to me at Shad@kereport.com.        For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

Healthcare companies are built to improve patients' lives. So why do so many prioritize shareholders over the people they're meant to serve?This week, Halle sits down with Eric Ries, author of Incorruptible, to unpack the rise of shareholder primacy, what it is, and why he believes it's at the root of many of society's biggest challenges. They discuss the surprising history of corporate governance, the lessons behind Novo Nordisk's century-long success, and what founders can do today to keep their companies aligned with their mission as they grow.We cover:Why shareholder primacy reshaped corporate America (and where we go from here)How Novo Nordisk's unusual ownership structure may have saved GLP-1 researchThe simple governance change that could preserve your company's mission for decadesHow boards, investors, and acquisitions can slowly pull companies away from their original purposeThe founder mistakes that make mission drift almost inevitableAbout our guest:Over the last two decades, Eric Ries's ideas about continuous innovation, long-term thinking, governance, and market reform have reshaped company building and management practices. He is the creator of the Lean Startup method, and the author of two New York Times bestsellers The Lean Startup and Incorruptible; The Leader's Guide; and The Startup Way. As a founder, he has put his own ideas into practice with The Long-Term Stock Exchange (LTSE); Answer.AI, an AI R&D lab; Virgil, a legal services startup; and IMVU. On The Eric Ries Show, he talks with world-class technologists, thought leaders, and executives building for the long-term. Check out his book, Incorruptible: Why Good Companies Go Bad…and How Great Companies Stay Great—

What does it truly mean to think and act like an owner? In this episode of the Shareholder Series, we sit down with Brianna, the Office Coordinator at our Kiel location and our latest Shareholder Award recipient!We dive into Brianna's journey - from growing up in Johnsonville and navigating early service roles to finding her groove at Drexel. Plus, we get a behind-the-scenes look at her creative side, exploring her passion for crochet and her business, B Adventurous, which is all about making people smile, creating, and connecting!

Überall Chaos, Polizeieinsätze. Tagelang Schlange stehen. Explodierende Zweitmarktpreise. Milliarden Social-Media-Views. Royal Pop war der spektakulärste Uhren-Launch seit Jahren. Doch jetzt zählt nur noch eine Frage: War das wirklich ein Erfolg, oder ist der ganze Hype verpufft? Tim Stracke, Founder und Shareholder von Chrono24, der größten Uhrenplattform der Welt, und Tom Junkersdorf analysieren in TOMorrow Watches, was der Launch wirklich verändert hat: für Audemars Piguet, für Swatch und für Käufer und Verkäufer. Wer sind die wahren Gewinner, wer die Verlierer! Dazu: Der spannende Uhren-Deal von Alexander Zverev. Wie der Wimbledon-Finalist die Marke Jacob & Co. ins Spiel bringt. Und: Mit Philippe Stern verliert die Uhrenwelt eine ihrer prägendsten Persönlichkeiten. Der Mann hinter dem Aufstieg von Patek Philippe hinterlässt ein Vermächtnis, das die Branche noch über Jahrzehnte prägen wird. Plus: Der langjährige AP-CEO François-Henri Bennahmias startet mit N3W5 seine eigene Uhrenmarke. Wird das für Audemars gefährlich? Alle Antworten – jetzt hier in TOMorrow Watches. Mich interessiert deine Meinung: Was denkst du heute über die Royal Pop? Schreib mir in die Kommentare und abonniere TOMorrow, um deiner Zeit immer voraus zu sein.

Can AI startups keep their promise to benefit humanity? Eric Ries explains why business success often leads to corporate "corruption" of the founder's mission.Eric Ries, creator of the Lean Startup Method, breaks down the inherent tensions between scaling a business and maintaining its core purpose. We examine why so many organizations lose sight of their initial mission as they grow, and what it takes for leadership to stay grounded.This discussion focuses specifically on how AI company ethics are being tested in the current market. Ries shares his perspective on advising Anthropic, offering a rare look at how a major firm attempts to protect its mission while navigating rapid growth. If you are interested in the intersection of philosophy and corporate strategy, this breakdown offers a practical look at the challenges modern founders face.Subscribe for weekly business strategy breakdowns, and let me know in the comments: what do you think is the biggest threat to a company's original mission?YOU'LL DISCOVER✅ Why corruption means making money without creating value, not breaking the law✅ The Sol Price story: how FedMart was liquidated, and Costco grew from the same idea✅ Why shareholder primacy is only about 40 years old, not a law of capitalism✅ The three-part formula for an incorruptible company: purpose, coherence, integrity✅ How alternative ownership structures (foundations like Novo Nordisk and Hershey, purpose trusts like Patagonia) make firms far more durable✅ Eric's idea of financial gravity and why your buying, working, and investing choices matter✅ The job interview question that can push a company to put its mission in its legal charter✅ Why Anthropic's public benefit corporation and long-term benefit trust protect its mission⏱️ TIMESTAMPS0:00 Why success corrupts good companies3:14 What corruption really means5:41 Shareholder primacy is a recent invention8:22 Sol Price, FedMart, and the founding of Costco13:08 Who decides which values matter18:22 Missionaries versus mercenaries19:44 How Google lost its way21:38 Governance structures that protect a mission28:01 Financial gravity and your power35:25 Red flags when vetting a company43:00 Why I am optimistic50:53 Advice for AI founders and AnthropicSubscribe to CXOTalk for weekly conversations with the business and technology leaders shaping the enterprise.Get the CXOTalk newsletter: https://newsletter.cxotalk.comShow notes, transcript, and summary: https://www.cxotalk.com/episode/can-you-build-an-incorruptible-ai-company-a-conversation-with-eric-riesEpisode 923 | Recorded June 26, 2026#CXOTalk #EricRies #Incorruptible #LeanStartup #CorporateGovernance #ShareholderPrimacy #MissionDriven #Leadership #Anthropic #BusinessEthics

If you own a salon company by yourself or even with a partner, it can be lonely at the top. Every major decision comes down to you, including how to exit the company when you're ready to retire or take a different path. Plus, you probably have valuable employees looking for ways to grow and considering striking out on their own. Shareholder programs can be a beautiful way to share risk and decision making, retain talent, and grow the next generation of salon owners. And while they're an established part of Summit systems, they're still relatively rare in the salon industry, and we get lots of questions about them.  Our own host Blake Reed Evans is a shareholder and service provider in a large group at Shear Art Salon in Tampa, Florida. Guest Lisa Lipani is the founder and CEO of Carl Michael Salon, with locations in Danvers and North Reading, Massachusetts, and a Summit Salon coach. Lisa opened the company in 2006, and now runs it as part of a shareholder group of six.  In this episode, Lisa and Blake answer questions including:  Are shareholders owners? Why start a shareholder program and how do you know when it's the right time? What characteristics in a staff member make for a good potential shareholder? How do you train and oboard new shareholders? How do shareholders make difficult decisions in a salon company? What mistakes have other salon owners made along the way? More questions? Get in touch with Lisa Lipani at llipani@summitsalon.com.    Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry. SUMM IT UP is produced and edited by Andrea Muraskin. The executive producer is Tim Fisk.

The goals you set at the beginning of the year didn't disappear. They just got buried beneath client demands, constant interruptions, unexpected challenges, and the daily realities of running a law firm. In this episode, Steve Riley offers a practical mid-year reset for attorneys who feel like they've lost momentum. Using memorable stories, simple frameworks, and actionable coaching, Steve explains why achieving your biggest goals isn't about working harder. It's about protecting your time, focusing your energy, and making room for what matters most. Whether you're ahead of schedule or wondering where the last six months went, this episode will help you clear the mental clutter, refocus your priorities, and build a plan that puts your goals back in sight. ___________ In this episode, you will hear: Why most attorneys have a goal-protecting problem, not a goal-setting problem The four hidden forces quietly pulling you away from your biggest goals How "100 busy Tuesdays" can derail an entire year without you noticing A simple framework for deciding whether to keep, adjust, or release your goals Practical strategies to protect your time, focus, and momentum for the rest of the year ___________ Subscribe & Review Never miss an episode. Subscribe on Apple Podcasts, Spotify, or YouTube. ⭐Like what you hear? A quick review helps more people find the show.⭐ If there's a topic you would like us to cover on an upcoming episode, please email us at steve.riley@atticusadvantage.com. ___________ Supporting Resources: Steve Riley, Attorney, Shareholder, & Practice Advisor https://atticusadvantage.com/team/steve-riley  Law Firm Coaching https://atticusadvantage.com/coaching My Great Life Focus https://mygreatlifefocus.com Worksheet: Mid-Year Rearview Mirror Check worksheet https://atticusadvantage.com/wp-content/uploads/2026/07/Mid-Year-Steering-Check-Fillable-FINAL.pdf 2026 Goal Setting for Lawyers Part 1: Why Your Plan Gets Hijacked https://atticusadvantage.com/podcast/2026-goal-setting-why-your-plan-gets-hijacked 2026 Goal Setting for Lawyers Part 2: Design Your Lane and Stay Focused https://atticusadvantage.com/podcast/2026-goal-setting-lawyers-part-2-design-your-lane-stay-focused Atticus Newsletter https://atticusadvantage.com/newsletter-signup ___________ Curious about growing your own practice without burning out? Contact Atticus to see whether our law firm coaching can help you strengthen attorney success, refine your law firm business strategy, and build a practice that actually supports your life. This podcast for lawyers is part of our broader legal podcast library, offering practical insights on how to grow a law firm through stronger law firm leadership, law firm pricing and management, smarter marketing, intentional hiring, efficient operations, healthy law firm culture, and sustainable profitability, all while addressing law firm burnout and the realities of modern practice. You can also sign up for our newsletter to get practical insights on how to grow a law firm: from law firm leadership and management to marketing, hiring, operations, culture, and profitability, so you can build a Great Practice and a Great Life.

[332] Jules Molina — Guest Experience Team Leader, Consultant, and Shareholder — and Ashley Prowell — Phorest North America Education Specialist — share a deep passion for operational systems developed over years of hands-on experience in the hair and beauty sector. In this episode, they stand united in a philosophy that treats this part of a business's operations as a high-value, dedicated profit center with its own distinct goals, KPIs, and clear career trajectories. If the conversation begins with the early-2020s deskless salon trend, it moves through time, addressing common myths that keep business owners stuck, touching on coaching, verbiage and accountability, and lands on present-day realities and shifts, exploring how AI is beginning to impact this area of business. This is a passionate, gracious, no-BS conversation meant to propel you forward with confidence, levity, clarity, and momentum for what's next in this part of your business operations. Connect with Jules Molina Learn more about The Summit Immersive & reserve your spot: https://summitsalon.com/the-summit-immersive Connect with Jules on Instagram @molina.jules or set up time with her: https://calendly.com/jmolinassbc Get your complimentary diagnostic here and connect with the Summit Salon Business Center on Instagram @summitsalon Connect with Ashley Prowell Connect with Ashley on Instagram @_lady_ashley_ Learn more about Ashley's Phorest-related education sessions & save your spot here All things Phorest Find out how Phorest helps top salons & aesthetic clinics steer their businesses toward happier clients, more productive teams, and greater growth. Say hello to life with Phorest! Learn more about the Phorest Summit & secure your tickets: https://www.phorestsummit.com/ Enjoyed the episode? Leave a rating and review on Apple Podcasts! Click here to subscribe to the PhorestFM email newsletter. This episode was edited and mixed by Audio Z: Montreal's cutting-edge post-production studio for creative minds looking to have their vision professionally produced and mixed. Great music makes great moments.

Some of the best referrals Steve Riley ever received came from the last place most attorneys think to look: opposing counsel. In this solo episode, Steve shares a simple but powerful strategy for turning professional adversaries into long-term referral sources. Through the story of a high-stakes real estate negotiation and an opposing attorney named Richard, Steve reveals how professionalism, emotional intelligence, and intentional relationship-building can create opportunities long after a case is closed. The core lesson: professionalism is profitable. The lawyers who know how to identify worthwhile adversaries, build trust during difficult matters, and stay connected afterward often unlock a referral pipeline that most attorneys never even see. ___________ In this episode, you will hear: Why opposing counsel may be one of the most overlooked referral sources in your practice The "Worthwhile Adversary Test" and how to identify relationships worth investing in What it means to be a "class act" while still being a strong advocate for your client How emotional intelligence helps resolve matters faster and strengthens professional relationships Why the end of a case is often the beginning of a future referral relationship ___________ Subscribe & Review Never miss an episode. Subscribe on Apple Podcasts, Spotify, or YouTube. ⭐Like what you hear? A quick review helps more people find the show.⭐ If there's a topic you would like us to cover on an upcoming episode, please email us at steve.riley@atticusadvantage.com. ___________ Supporting Resources: Steve Riley, Attorney, Shareholder, & Practice Advisor https://atticusadvantage.com/team/steve-riley/  Law Firm Coaching https://atticusadvantage.com/coaching Rivals into Referrals 1-Page Cheat Sheet  Email: steve.riley@atticusadvantage.com Atticus Newsletter https://atticusadvantage.com/newsletter-signup The Path to a Great Practice & Great Life Virtual Workshop https://atticusadvantage.com/workshops/the-path-to-a-great-practice-great-life/ ($500 off with code: GPGL500) ___________ Curious about growing your own practice without burning out? Contact Atticus to see whether our law firm coaching can help you strengthen attorney success, refine your law firm business strategy, and build a practice that actually supports your life. This podcast for lawyers is part of our broader legal podcast library, offering practical insights on how to grow a law firm through stronger law firm leadership, law firm pricing and management, smarter marketing, intentional hiring, efficient operations, healthy law firm culture, and sustainable profitability, all while addressing law firm burnout and the realities of modern practice. You can also sign up for our newsletter to get practical insights on how to grow a law firm: from law firm leadership and management to marketing, hiring, operations, culture, and profitability, so you can build a Great Practice and a Great Life.

Today's business schools were designed for a world that no longer exists. Capitalism raised the standard of living for billions of people over the past 150 years, but is now causing systemic challenges it is unable to address. Business School and the Noble Purpose of the Market: Correcting the Systemic Failures of Shareholder Capitalism (Stanford Business Books, 2025) explains the intellectual foundation MBA students, faculty, and administrators need to reform, how to restore capitalism to its noble purpose. It provides a practical program for amending curriculum and pedagogy, changing student and faculty rewards, and bringing a new spirit and sensibility to the business school. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In International Partners for Ethical Care v. Ferguson, the Supreme Court has been asked to review a Washington law that delays notification and reunification of a runaway child with his or her parents if that child claims to be receiving or requests gender-affirming treatment. The lower courts found that a group of parents (including one with a child who had run away before) lacked standing to challenge this law. The parents' petition to the Supreme Court will go before the Justices at an upcoming conference. Join us for a litigation update about this case and its broader implications for standing doctrine particularly in the context of parental rights and gender transition. Featuring: --R. Shawn Gunnarson, Shareholder, Kirton McConkie --Prof. Derek Muller, Professor of Law, Notre Dame Law School --(Moderator) Prof. Teresa Collett, Professor and Director, Prolife Center, University of St. Thomas School of Law

Elemental Royalty continues to execute on multiple fronts, announcing a renewed dividend, a normal course issuer bid, inclusion in several major stock indices, and continued growth following its acquisition of the Vizsla royalty portfolio. Fred Bell, COO of Elemental, joins Mining Stock Daily to discuss why the company believes its shares remain undervalued, how stronger cash flow is supporting both shareholder returns and future acquisitions, and the strategic importance of the Panuco royalty within its expanding portfolio. The conversation also covers the company's innovative gold-backed dividend option through Tether Gold (XAUt), recent additions to the management team, and why Elemental believes it is entering its next phase of growth as a leading precious metals royalty company.

Tokenisation represents an “operating system upgrade” for the investment industry, says Theo Golden, Baillie Gifford's new head of digital assets. In this episode, they explain what it involves and how it should deliver a better experience, both by reducing the number of middlemen between you and your investments and making your holdings more “useful”. Background:In this conversation, Theo Golden tells Short Briefings… host Leo Kelion about how tokenisation can reduce costs and complexity – and pave the way for providing clients with new services that better fit their needs. Tokenisation means taking an asset – such as a fund – and turning it into a line of code. This lives on a blockchain: a shared digital record that no single party owns or controls. The investment itself doesn't change, but what does are the ways that ownership is recorded and transferred. Instead of a chain of intermediaries, each keeping their own set of books, everyone can work from one shared record. As Golden puts it, it's “the same but better” – the same investments, on faster, lower-cost, more flexible rails built for the internet age. It also paves the way to new capabilities. Among those Golden discusses are making it much easier for clients to use the funds they invest in as collateral for loans, and the development of “agentic wealth management” – AI bots that autonomously plan and, potentially, update an individual client's portfolio based on their risk appetite and changing circumstances. Baillie Gifford's first steps with tokenisation involve fixed income, but in time the ambition is to “build across our investment universe,” Golden says. “So be ready for Baillie Gifford on chain.”  ResourcesBaillie Gifford digital assets hubDr Ian Hunt: Replicating Legacy is Squandering the Promise of Tokenisation: We Are Building a Faster HorseShort Briefings on Long Term Thinking podcast archive Timecodes:00:00  Introduction01:40   “A world with less friction”02:15   The lesson from losing it all04:50  From Bloomberg to bonds06:35  Defining tokenisation and the blockchain08:20  Same assets, better system09:35  One golden source of truth12:35   Making assets more useful16:10   Turning assets into “Lego bricks”19:20   Stablecoins, regulation and new decision-makers24:00  Managing crypto risks26:25  The ‘same but better' rule28:00  Starting with fixed income29:20  Meeting clients where they are30:27  Book pick Glossary of terms (in order of mention): Trading volumes: The amount of buying and selling taking place in a market over a period of time. Blockchain-based tokenisation: The use of blockchain technology to create digital tokens that represent ownership of assets. Self-sovereign: Controlled directly by the owner, rather than depending entirely on a bank, platform or intermediary. Custody: The safekeeping of assets. Self-custody means holding and controlling the asset directly yourself. Counterparties: The other parties involved in a financial transaction or agreement. Multi Asset: An investment approach that can invest across several asset classes, such as shares, bonds, currencies and infrastructure. Catastrophe bonds: Bonds that transfer insurance-related risks, such as natural-disaster losses, from insurers to investors. FX rates: Foreign exchange rates. Smart contract: Computer code that automatically carries out agreed rules when certain conditions are met. Token: A digital representation of an asset or ownership right on a blockchain. Walled garden: A closed system where users can only operate within the rules and limits of one provider or platform. Fixed income fund: A fund that invests mainly in bonds or other debt instruments that typically pay interest. Growth equity fund: A fund that invests in companies expected to grow faster than the wider market. Vehicle for transfer: The system or method used to move ownership or value from one party to another. Rails: The underlying infrastructure that allows transactions or transfers to take place. Reconciliation: The process of checking that different records match each other. Shareholder registry: The official list of people or organisations that own shares or fund units. Transfer agency register: A fund-administration record that tracks investor ownership and transactions. Wallet: A digital tool used to hold and manage blockchain-based assets. Finality: The point at which a transaction is considered complete and cannot easily be reversed. Unitisation: The process of dividing a fund into units so investors can buy and sell a share of the fund. Inert: Hard to move, transfer or use in other financial activities. UK gilt: A UK government bond. Margin call: A demand for more cash or collateral when the value of an investment or position has fallen. Interoperability: The ability of different systems, assets or pieces of software to work together. Composability: The ability to combine digital assets or software components, like building blocks, to create new services. COBOL: Common Business-Oriented Language – an older computer programming language still used in some legacy financial systems. AI agents: Software that can act semi-independently to carry out tasks on behalf of a user. On-chain books and records: Official ownership and transaction records kept on a blockchain. Stablecoin: A digital asset designed to track the value of a traditional currency, such as the US dollar or pound. Fiat currency: Government-issued money, such as pounds, dollars or yen, that is not backed by a physical commodity such as gold. USDC: A stablecoin issued by Circle that is designed to track the value of the US dollar. FCA: The Financial Conduct Authority, the UK regulator for financial services firms and markets. Burn a token: Permanently cancel or destroy a digital token so it can no longer be used. Remit a token: Re-issue a token to a new wallet. Neobank: A digital-first bank, usually operating mainly through apps or online services.

Most attorneys don't lack ambition. They're drowning in small, unresolved issues that quietly drain their energy, focus, and peace of mind. The overflowing inbox. The postponed difficult conversation. The underperforming team member. The health goals that never happen. Individually they seem minor, but together they create constant overwhelm. In this episode of Great Practice, Great Life, Steve Riley talks with Mark Powers, founder of Atticus, about a powerful yet simple solution: eliminating your "tolerations." Discover why overwhelm comes less from having too much to do and more from tolerating things below your standards, and learn practical ways to remove hidden drains so you can regain clarity, energy, and control. If you're a driven attorney who feels stuck or overwhelmed despite working hard, this episode shows you how removing what's draining you is often the fastest path to a great practice and a great life. ___________ In this episode, you will hear: A clear way to identify the hidden tolerations draining your practice and personal life Why naming a problem is often the most powerful first step Practical strategies to eliminate what's weighing you down The powerful connection between raising your standards and increasing your success When to eliminate, delegate, or consciously accept a toleration ___________ Subscribe & Review Never miss an episode. Subscribe on Apple Podcasts, Spotify, or YouTube. ⭐Like what you hear? A quick review helps more people find the show.⭐ If there's a topic you would like us to cover on an upcoming episode, please email us at steve.riley@atticusadvantage.com. ___________ Supporting Resources: Mark Powers, President, Shareholder, & Practice Advisor https://atticusadvantage.com/team/mark-powers Law Firm Coaching https://atticusadvantage.com/coaching My Great Life Focus https://mygreatlifefocus.com Atticus Newsletter https://atticusadvantage.com/newsletter-signup The Summit https://atticussummit.com Other episodes featuring Mark Powers:  Success Strategies & Succession Planning with Mark Powers https://atticusadvantage.com/podcast/success-strategies-succession-planning-with-mark-powers How You Can Make More Money by Taking Additional Time Off with Mark Powers https://atticusadvantage.com/podcast/how-you-can-make-more-money-by-taking-additional-time-off-with-mark-powers The Bonus Years: Health, Longevity, and Creating a Life You Love https://atticusadvantage.com/podcast/the-bonus-years-health-longevity-and-creating-a-life-you-love Effective Marketing for Lawyers: A Blueprint for Growth https://atticusadvantage.com/podcast/turning-referral-marketing-into-a-business-growth-machine-firm-with-mark-powers-and-shawn-mcnalis ___________ Curious about growing your own practice without burning out? Contact Atticus to see whether our law firm coaching can help you strengthen attorney success, refine your law firm business strategy, and build a practice that actually supports your life. This podcast for lawyers is part of our broader legal podcast library, offering practical insights on how to grow a law firm through stronger law firm leadership, law firm pricing and management, smarter marketing, intentional hiring, efficient operations, healthy law firm culture, and sustainable profitability, all while addressing law firm burnout and the realities of modern practice. You can also sign up for our newsletter to get practical insights on how to grow a law firm: from law firm leadership and management to marketing, hiring, operations, culture, and profitability, so you can build a Great Practice and a Great Life.

John Pollock and Brandon Thurston go through Judge Travis Laster's 41-page opinion with sanctions levied against Vince McMahon & Nick Khan in the WWE shareholders' lawsuit. Plus: Bushiroad sells its shares in New Japan Pro Wrestling, AEW Double or Nothing coverage, an update on Marcel Barthel's legal case & more. 00:00:00 Start00:01:06 Vince McMahon & Nick Khan sanctioned in shareholders' lawsuit 00:59:20 McMahon and top executives at TKO to testify in the trial01:02:59 Bushiroad sells shares in NJPW to TV Asahi & CyberAgent 01:15:02 AEW Double or Nothing 01:20:40 MyAEW adds 1FW, open to adding more promotions 01:24:20 Marcel Barthel set for pre-trial hearing in July 01:25:43 MLW secures streaming deal in Veeps 01:28:11 Dana White on the cover of TIME Magazine Music courtesy: “Panic Beat” by Ben TramerPOST WrestlingSubscribe: https://postwrestling.com/subscribePatreon: http://postwrestlingcafe.comForum: https://forum.postwrestling.comDiscord: https://discord.com/invite/Q795HhRTwitter/Facebook/Instagram/YouTube: @POSTwrestlingBluesky: https://bsky.app/profile/postwrestling.comWrestlenomicsSubscribe: https://wrestlenomics.com/podcast/Patreon: https://patreon.com/wrestlenomicsSubstack: https://wrestlenomics.substack.com/Twitter/Facebook/Instagram/YouTube: @WrestlenomicsBluesky: https://bsky.app/profile/wrestlenomics.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global powers are increasingly shaping markets and taking equity positions in strategic industries. But recently, Washington's role in the economy has expanded, with stakes in companies like Intel, different from its traditionally hands-off approach. Could strategic government investment be a source of strength and competitiveness—or should it remain a true last resort, preserving a system that allows markets to determine winners and losers? We debate: Government as Shareholder: Proactive Competitive Strategy or Last Resort?  This debate was created in partnership with the Council on Foreign Relations and was recorded on May 18, 2026, at 6 PM.  Arguing "Proactive Competitive Strategy":  Laura Taylor-Kale, Senior Fellow for Geoeconomics and Defense at the Council of Foreign Relations and Former Assistant Secretary of Defense for Industrial Base Policy  Richard Falkenrath, Senior Fellow for National Security at the Council on Foreign Relations; MJ Chung Distinguished Chair at the School of Advanced International Studies at Johns Hopkins University  Arguing "Last Resort":  Bob Pozen, Distinguished Senior Lecturer at MIT Sloan School of Management; Former President of Fidelity Investments  Yasheng Huang, Epoch Foundation Professor of Global Economics and Management at the MIT Sloan School of Management; Author of "The Rise and the Fall of the EAST”  Emmy award-winning journalist John Donvan moderates  Join the conversation on Substack - share your perspective on this episode and subscribe to our weekly newsletter for curated insights from our debaters, moderators, and staff.  Follow us on YouTube, Instagram, LinkedIn, X, Facebook, and TikTok to stay connected with our mission and ongoing debates.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

While in Omaha for Berkshire week, Meb hopped on another podcast as a guest. It was a fun one, so we're releasing it here as well. In today's episode, Meb Faber makes the case against home country bias, pointing to Korea's near-triple and Japan's decades-long round trip as reminders that cycles always turn. He explains why shareholder yield tells a truer story than dividends, why there are now more ETFs than stocks, and why tax alpha matters more than chasing returns. To close, Meb reflects on multi-decade compounding — and the mistakes that quietly take investors out of the game. (0:00) Starts (2:06) Meb's thoughts on Warren Buffett (5:11) Global diversification and home country bias (14:29) Shareholder yield (27:45) Positive investment behaviors (30:19) The ETF industry and the current investment landscape (35:18) Rapid fire questions ----- Sponsor: Want to learn more about 351 Exchanges? Visit the Alpha Architect 351 Education Center for use cases, tools, FAQs, upcoming launches, and more. Investments in securities entail risks, including possible loss of principal and are not suitable for all investors. ----- 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.  ----- 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