Podcasts about Swensen

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/

Researcher and writer Thomas Michael Swensen (Tangirnaq Native Village) takes music fans to the fascinating intersection of punk music and Native America in his new book, “Where Next, Columbus?: A Native Punk Mixtape“. He explores some of the unlikely places where this intersection appears, from Alaska to the Southwest to the Black Hills of South Dakota. He thoroughly dissects Native punk music, zines, videos, and art installations, examining recurring themes of individualism versus collectivism, DIY culture, and sovereignty. We'll speak with Swensen about the new book and listen to some of his favorite Native punk songs he found during his research. A new album, “Live From '81–'85“, collects live recordings from the legendary 1980s New Wave band Romeo Void, from the height of their popularity and creative power. Fronted by singer Debora Iyall (Cowlitz), the group is known for edgy, pointed lyrics and standout saxophone solos. Songs like “A Girl in Trouble (Is a Temporary Thing)” and “Never Say Never”, which was named one the 200 Best Songs of the 1980s by Rolling Stone, have been featured in movie soundtracks and the Billboard Top 40. Iyall remains active in the arts and performs as part of a new creative project. We'll speak with her about music, art, and activism. Thomas Sewell recommended Native punk tracks: Ya Tseen “Back in that Time” Bastard Fairies “Guns and Dolls” Pisswalker “Crudo y Confundido” Weedrat “Don't Tell Me” Friends of Cesar Romero “Baby Razorblades” Dead Pioneers “My Spirit Animal Ate Your Spirit Animal” Lozen “Unnatural Disaster” Break 1 Music: 500 Años (song) Los Crudos (artist) Doble LP Discografía (album) Break 2 Music: Wolastoq Song by Saqatay (song) Mawi Sakolikapuwicik Singers (artist)

Researcher and writer Thomas Michael Swensen (Tangirnaq Native Village) takes music fans to the fascinating intersection of punk music and Native America in his new book, “Where Next, Columbus?: A Native Punk Mixtape“. He explores some of the unlikely places where this intersection appears, from Alaska to the Southwest to the Black Hills of South Dakota. He thoroughly dissects Native punk music, zines, videos, and art installations, examining recurring themes of individualism versus collectivism, DIY culture, and sovereignty. We'll speak with Swensen about the new book and listen to some of his favorite Native punk songs he found during his research. A new album, “Live From '81–'85“, collects live recordings from the legendary 1980s New Wave band Romeo Void, from the height of their popularity and creative power. Fronted by singer Debora Iyall (Cowlitz), the group is known for edgy, pointed lyrics and standout saxophone solos. Songs like “A Girl in Trouble (Is a Temporary Thing)” and “Never Say Never”, which was named one the 200 Best Songs of the 1980s by Rolling Stone, have been featured in movie soundtracks and the Billboard Top 40. Iyall remains active in the arts and performs as part of a new creative project. We'll speak with her about music, art, and activism. Thomas Sewell recommended Native punk tracks: Ya Tseen “Back in that Time” Bastard Fairies “Guns and Dolls” Pisswalker “Crudo y Confundido” Weedrat “Don't Tell Me” Friends of Cesar Romero “Baby Razorblades” Dead Pioneers “My Spirit Animal Ate Your Spirit Animal” Lozen “Unnatural Disaster” Break 1 Music: 500 Años (song) Los Crudos (artist) Doble LP Discografía (album) Break 2 Music: Wolastoq Song by Saqatay (song) Mawi Sakolikapuwicik Singers (artist)

Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Host: Ben Criddle (@criddlebenjamin) and Co-Host: (ronthe3manweav)Subscribe to the Cougar Sports with Ben Criddle podcast: Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

We would love to hear from you. Send us your thoughts or suggestions. ThiHannah Swensen's 14th mystery delivers fun characters and some courtroom drama, but Eric and Andrea agree the mystery itself is weaker than fans deserve. The killer is obvious from the moment they appear on screen, there are no real suspects, and Hannah's character feels like she's lost some of that strong, independent edge from earlier movies.What You'll Hear:• Eric gives this one a 2.5 out of 5 — slightly better than the last Hannah movie but still missing what made the early ones work• Why Hannah's personality shift with Vic feels inconsistent compared to her dynamic with Mike in earlier films• The one thing that worked: Chad finally gets some backstory and actual courtroom scenes instead of just busting down doors• Andrea's favorite character was the killer — and why that's actually a problem for the movie• Their Murder She Wrote and True Justice recommendations if you're craving a better mystery• A preview of next week's True Justice: Eye for an Eye review (and why you should rewatch the first one before the new episode drops)Chapters:0:00 – Cold Open: Chocolate Cheesecake Opinions1:15 – Overall Ratings: 2.5 Out of 53:42 – What Happened to Lake Eden's Small Town Charm?7:28 – Mystery Minute: No Suspects, No Red Herrings11:05 – Romance Roundup: Married-for-10-Years Chemistry14:20 – Character Corner: The Killer Was the Best Part16:45 – Hallmark Trivia: Top-Rated Hannah Movies18:30 – Hallmark and Chill Recommendations21:10 – Next Week: True Justice Eye for an EyeDid you notice Hannah's personality shift with Vic compared to Mike? Drop your take in the comments

It's Tuesday which means there's a new Hallmark movie to review! ABOUT BEST SERVED COLD: A HANNAH SWENSEN MYSTERY When a suspect in a forgery case is murdered and the prosecutor goes missing, Hannah and Chad must uncover how the two cases are connected and solve them in time for the trial. AIR DATE & NETWORK FOR BEST SERVED COLD: A HANNAH SWENSEN MYSTERY May 16, 2026 | Hallmark CAST & CREW OF BEST SERVED COLD: A HANNAH SWENSEN MYSTERY Director: Peter Benson Cast: Alison Sweeney as Hannah Victor Webster as Chad Barbara Niven as Delores BRAN'S MOVIE SYNOPSIS Delores is up to something! She places a smoke bomb under a car and then goes into this coin shop. The smoke bomb goes off which sends the worker out there. Hannah hears about a missing cop named Lucas. So she goes to bring his wife some baked goods. She asks Hannah for her help. She says her husband's fishing gear isn't even gone! To make matters weirder, a dead body is found. It's not Lucas though. It's the body of a con-man....the owner of the coin place. Suspicious. Hannah is on the case. She sees the wife of Lucas at the grocery store and she's laughing. She finds that suspicious. She goes down to Lucas' favorite fishing spot and ends up coming across one of his boots and his work laptop down by the water. Weird. One night, someone throws a brick through Hannah's window that says "stay out of my business!". Delores ends up being the star witness in the coin case because of her sleuthing and she's great. After court that night, Hannah gets a call from Lucas' wife. She thinks Lucas has been there recently. Stuff is messy in a cupboard and his office chair is weird. Hannah finds a number for someone named Rod under a little gift box which is also next to a box of cigars that happens to be the same cigar shop the coin guy was found dead at. She finds that the number is attached to the golf club. So she goes there and finds out that this Rod guy is staying at the golf club. She suspects that Rod might be Lucas. So she goes to confront him. Turns out it is him and he explains that these bad guys were after him. He owed them money. He was worried that if it came out that he was in a bunch of gambling debt, the coin fraud case would've been thrown out. He needed Chad to take over the case. Chad figures out that the wife of the con-man murdered him with almonds but he needs help proving that. So he calls Hannah and tells her to come in and look at pictures of the cheesecake the wife had made right before her husband's passing. She said the crust had almonds in it. Chad and Hannah go out to celebrate and it comes out that Chad's mom was a baker and she would've loved Hannah and they kiss big time. Watch the show on Youtube - www.deckthehallmark.com/youtubeInterested in advertising on the show? Email bran@deckthehallmark.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Imagine doing Modernist preservation – in a war zone.  Dmytro Soloviov documents Ukraine's modernist architecture.  Ben Wever cares for one of America's modernist treasures, the Miller House in Columbus, Indiana. Hallie Swenson uncovers the stories of San Diego Modernism, and architect Robert Stone brings new desert Modernism to life. 

Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Host: Ben Criddle (@criddlebenjamin) and Co-Host: (ronthe3manweav)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

Today Rachel is joined by Mitu talk about the 2 Hallmark mysteries of March- Hannah Swensen and Nelly Mysteries Romance lovers join the LUV TV VIP Screening table Email info@luvtv.tv or Comment ‘VIP' and your official invite will be on its way! LUVTV is also casting for their latest show Big Bridal Giveaway. Recently engaged or know a bride to be deserving of a rom-com worthy makeover? Email info@luvtv.tv or comment ‘BRIDAL' and your official invite will be on its way! We look at all of the A Cinderella Story movies https://youtu.be/Jpu1gJ14Tt4 For our first E! Rom-com recap https://youtu.be/KRf3zOSJqMU Find out more about The Pilot Podcast https://thepilotpodcast.simplecast.com/ Join us over on Patreon! http://www.patreon.com/hallmarkies Check out our merch: https://www.teepublic.com/stores/hallmarkies Send us your feedback at feedback@hallmarkiespodcast.com Or call +1 (801) 855-6407 Follow Rachel on twitter twitter.com/rachel_reviews Follow Rachel's blog at http://rachelsreviews.net Follow Rachel's Reviews on youtube https://www.youtube.com/c/rachelsreviews Learn more about your ad choices. Visit megaphone.fm/adchoices

Elizabeth Peratrovich is most well-known for her work to pass Alaska’s Anti-Discrimination Act of 1945. But her story also has more to it than that act. Research: Anchorage Museum. “Elizabeth Peratrovich.” https://www.anchoragemuseum.org/exhibits/extra-tough-women-of-the-north/women-of-the-north-profiles/elizabeth-peratrovich-major-force-behind-alaskas-anti-discrimination-bill/ Arnett, Jessica Leslie. “Unsettled Rights in Territorial Alaska.” Western Historical Quarterly, AUTUMN 2017, Vol. 48, No. 3 (AUTUMN 2017), pp. 233-254. Via JSTOR. https://www.jstor.org/stable/10.2307/26782857 Boochever, Ann with Roy Peratrovich Jr. “Fighter in Velvet Gloves.” University of Alaska Press. 2019. Boochever, Ann. “Fighter in Velvet Gloves: Alaska Civil Rights Hero Elizabeth Peratrovich.” Sealaska Heritage Institute. 11/19/2021. Via YouTube. https://www.youtube.com/watch?v=Gzvcc1UlrMw Central Council of Tlingit and Haida Indian Tribes of Alaska. “A Recollection of Civil Rights Leader Elizabeth Peratrovich.” August 1991. http://www.alaskool.org/projects/native_gov/recollections/peratrovich/default.htm Coen, Ross. “Elizabeth Peratrovich Day.” The Pacific Northwest Quarterly, Summer 2021, Vol. 112, No. 3 (Summer 2021), pp. 107-123. Via JSTOR. https://www.jstor.org/stable/10.2307/27165253 Cole, Terrence M. “Jim Crow in Alaska: The Passage of the Alaska Equal Rights Act of 1945.” Western Historical Quarterly , Nov., 1992, Vol. 23, No. 4 (Nov., 1992), pp. 429-449. Via JSTOR. https://www.jstor.org/stable/970301 Davis, Jennifer. “Elizabeth Peratrovich, Civil and Voting Rights Activist.” In Custodia Legis: Law Librarians of Congress. Library of Congress Blogs. 11/1/2021. https://blogs.loc.gov/law/2021/11/elizabeth-peratrovich-civil-and-voting-rights-activist/ Guise, Holly Miowak. “Listening to Generations of Activists: Truly Remembering Elizabeth Peratrovich.” Indian Country Today. 2/16/2021. https://ictnews.org/opinion/listening-to-generations-of-activists-truly-remembering-elizabeth-peratrovich/ Haycox, Stephen W. “William Paul, Sr., and the Alaska Voters' Literacy Act of 1925.” Alaska History, Vol. 2., No. 1, (Winter 1986/87). http://www.alaskool.org/native_ed/articles/literacy_act/LiteracyTxt.html Johnson, Erik. “The 19th Amendment, Elizabeth Peratrovich, and the Ongoing Fight for Equal Rights.” National Park Service. https://www.nps.gov/articles/000/dena-history-peratrovich.htm Juneau Empire. “Mrs. Roy Peratrovich Sr. Dies in Seattle Hospital following Lengthy Illness.” 12/2/1958. National Park Service. “Alberta Schenck: Teenage Activist.” https://www.nps.gov/people/alberta-schenck.htm Page, Marisa. “Honoring the Women Paving the Path to Equity.” First Nations. https://www.firstnations.org/news/honoring-the-women-paving-the-path-to-equity/ Schenck, Alberta. “To Whom It May Concern.” The Nome Nugget. 3/3/1944. https://www.nlm.nih.gov/nativevoices/assets/timeline/000/000/342/342_w_full.jpg Silverman, Jeffry Lloyd and Phil Lucas, directors. “For the Rights of All: Ending Jim Crow in Alaska.” Lincoln, NE. Vision Maker Media. 2008. “Super Race Theory Hit In Hearing.” The Daily Alaska Empire. 2/6/1945. https://www.loc.gov/resource/sn83045499/1945-02-06/ed-1/?sp=8&st=pdf Swensen, Thomas Michael. “The Relationship between Indigenous Rights, Citizenship, and Land in Territorial Alaska: How the Past Opened the Door to the Future.” GROWING OUR OWN: INDIGENOUS RESEARCH, SCHOLARS, AND EDUCATION Proceedings from the Alaska Native Studies Conference (2015). Twyman, Abby. “Alaskans and the Nation Celebrate Elizabeth Peratrovich.” Discover Prince of Wales Island. https://discoverpowisland.com/alaskans-and-the-nation-celebrate-elizabeth-peratrovich/ Vaughan, Carson. “Overlooked No More: Elizabeth Peratrovich, Rights Advocate for Alaska Natives.” New York Times. March 20, 2019. https://www.nytimes.com/2019/03/20/obituaries/elizabeth-peratrovich-overlooked.html Weingroff, Richard F. “Who Is Elizabeth Peratrovich? The Story Behind the Country's First Anti-Discrimination Law.” U.S. Department of Transportation Federal Highway Administration. https://highways.dot.gov/highway-history/general-highway-history/who-elizabeth-peratrovich-story-behind-countrys-first-anti Christen, Morgan. “Alaska Native Women’s Long Road to Suffrage.” Western Legal History, Vol. 30, No. 1-2. https://www.njchs.org/wp-content/uploads/wlh_30-1_crp_color1.pdf “Alaska Native Brotherhood and Alaska Native Sisterhood.” EBSCO. https://www.ebsco.com/research-starters/history/alaska-native-brotherhood-and-alaska-native-sisterhood Drucker, Philip. “The native brotherhoods : modern intertribal organizations on the Northwest coast.” Washington, D. C. : U. S. Government Printing office. 1958. https://archive.org/details/nativebrotherhoo0168druc/ Haycox, Stephen W. “William Paul, Sr., and the Alaska Voters' Literacy Act of 1925 .” Alaska History, Vol. 2., No. 1, (Winter 1986/87). http://www.alaskool.org/native_ed/articles/literacy_act/literacytxt.html Peratrovich, Elizabeth and Roy Peratrovich. Letter to Governor Ernest Gruening. 12/30/1941. https://vilda.alaska.edu/digital/collection/cdmg41/id/1176/rec/4?fbclid=IwY2xjawQSoR9leHRuA2FlbQIxMABicmlkETFSUTluVjJHRVlpVTlvcFhYc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHq36iDmGp2t6h-sfgereAekSEHRQii-E6uBse3GvIQAw-72DcoQffc-LWxRO_aem_MECxGHPbZdPWw-7iUjGeow See omnystudio.com/listener for privacy information.

We would love to hear from you. Send us your thoughts or suggestions. In this episode of the Hallmark Mysteries and More podcast, hosts Art and Andrea take a deep dive into the latest Hannah Swensen Mystery: Sugar and Spice. While the duo loves a good costume party and a "closed-room" murder mystery, this installment left them craving more substance and a lot less predictability.We break down everything from the extravagant costumes (shoutout to the mermaid look!) to the disappointing lack of screen time for Victor Webster. Is the series suffering from the loss of the original Murder She Baked energy, or is it just getting a little "stale"? We discuss the killer's identity, the "mandrae-y" plot, and whether the chemistry between Hannah and Chad is actually heating up.Plus, we touch on some literary news including Lacey Chabert's new series and our current favorite mystery reads. Stick around for our "Mystery Minute" and see if you agree with our 3/5 star rating!Chapters0:00 – A "Killer" Intro & Catching Up1:18 – Mystery Book Club: Lacey Chabert News & Current Reads4:30 – Sugar and Spice: Initial Reactions & Ratings6:14 – Comparing Hallmark to PBS & Masterpiece Mysteries8:08 – What Happened to the Murder She Baked Vibe?10:14 – Costume Party Highlights & The "Unsung Hero"11:55 – Character Critique: Is Delores Becoming a Caricature?13:14 – Mystery Minute: Was the Killer Too Predictable?15:04 – Romance Roundup: Hannah, Chad, and the Victor Problem17:35 – Character Corner: R.I.P. Brandy19:15 – Hallmark Trivia & Final Recommendations20:12 – Heartwarming Fan Mail & Next Week's PreviewFollow us on social media: Instagram and TikTok: @hallmarkmysteriesandmoreYoutubeOr visit our website. This podcast was created by fans for fans and is NOT affiliated with or sponsored by Hallmark or the Hallmark Channel.

This week on Do You Watch What I Watch?, we're heading back to Lake Eden to break down Hallmark's latest mystery, “Sugar & Vice: A Hannah Swensen Mystery.”Josh and Jennifer recap the masquerade-ball murder, talk through the suspects, and share their honest thoughts on the latest installment in the Hannah Swensen series. While the movie may not be the strongest entry in the franchise, the conversation definitely brings the fun.Grab a cookie and join us for a lively recap, a few laughs, and our final verdict!And, as always, may your days be merry and bright!

It's Tuesday which means there's a new Hallmark movie to review! ABOUT SUGAR & VICE: A HANNAH SWENSEN MYSTERY Hannah finds a body at the grand re-opening of the Lake Eden Inn. When a storm traps everyone inside, Hannah must find the culprit before the road clears and the killer escapes. AIR DATE & NETWORK FOR SUGAR & VICE: A HANNAH SWENSEN MYSTERY March 7. 2026 | Hallmark CAST & CREW OF SUGAR & VICE: A HANNAH SWENSEN MYSTERY Director: Peter Benson Cast: Alison Sweeney as Hannah Swensen Victor Webster as Chad Norton Barbara Niven as Delores Swensen Tess Atkins as Michelle Swensen BRAN'S MOVIE SYNOPSIS The cookie jar is going to be providing desserts for a masquerade party at the grand re-opening of the Lake Eden Inn. The new manager, Derryl, comes in to talk through ideas. He's very frazzled cuz there's just so much to do! She shows up at the inn and gives a cookie to the check-in attendee, Bobby. She meets with Brandi (who seems generally unhappy to be there) to talk through set up and tour the kitchen and stuff. She meets the owner, Mr. How & his wife, and goes on her way. It's party time. Hannah goes down to finish some cookies and Brandi is there. She talks about how she's been passed over for a promotion and wants to come up with some ideas that will help her get one. Next thing you know, Hannah and her sister are walking down a hallway and hear a thud. They go into the room, and sure enough, dead body. It's Brandi. UH OH! She goes to get Chad and they get to work on investigating! After a full night of poking around, they got nothing aside from some messed up time cards. Hannah figures out that Brandi and Mr. How were having an affair! So she goes to question him and he's like yeah we were which is why I never gave her a promotion cuz I didn't want my wife to find out. But I'd never kill her. So it's probably his wife right? No. She corners Hannah in an alley to tell her just that. Turns out, it's Derryl. He did it. To celebrate, Hannah and Chad kiss big ones. The end hopefully forever. Watch the show on Youtube - www.deckthehallmark.com/youtubeInterested in advertising on the show? Email bran@deckthehallmark.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Yield — The Chronicles of Financial MarketsCardinal Protocol · Avvisi Financial Intelligence---# How Harvard Turned $4.7 Billion into $50 Billion### The formula is public. The discipline is rare. And what $100M families get catastrophically wrong.*The Herclestein Endowment Framework · Part I — Institutional Capital · Long-Duration Strategy*---In 1985, Harvard's endowment held $4.7 billion.In 2025, it holds over $50 billion.That is not a story of luck. It is not a story of billionaire donations alone — though donations played a role. It is a story of structural mathematics applied with institutional discipline across four decades.Returns did the heavy lifting. Donations accelerated the machine.**And the formula is public.**Yet almost no one applies it.---## I. The Machine: The Math That Multiplies CapitalThe long-term endowment equation is deceptively simple:> **K(t+1) = Kt (1 + r − s) + D**>> r = gross return> s = spending rate> D = net donations> K = capital at time tFor a family office — or an athlete with $100M — we strip out donations and focus on the core engine. Harvard's historical gross return has averaged 10–11% annually. Apply a 4–5% spending rate and the net structural compounding sits between 5–6%. Over 40 years:**At 5% net → 1.05⁴⁰ ≈ 7× capital****At 6% net → 1.06⁴⁰ ≈ 10× capital**That is the machine. No leverage. No speculation. Just time and spread.---## II. The Architecture: The Swensen DoctrineThe intellectual capital behind this machine was built not at Harvard, but in New Haven.David Swensen at Yale did not just manage money — he codified a philosophy. Before Swensen, endowments looked like conservative portfolios: bonds, blue-chip stocks, and a prayer. Swensen understood that if your time horizon is infinite, you cannot anchor yourself to assets designed for retirees.> *"If your time horizon is perpetuity, you cannot afford to think like a pensioner."*The Yale Model rests on five pillars:**1. Equity Bias**Own the world's productive capacity. Over centuries, you win.**2. Illiquidity Premium**Private assets pay you for surrendering liquidity you don't need.**3. Zero Home Bias**Geography is irrelevant. Cash flows are what matter.**4. Manager Selection**Find top-quartile operators — not top-quartile stock pickers.**5. Rebalancing Discipline**Sell what is loved. Buy what is hated. Without emotion.Harvard, through the Harvard Management Company (HMC), built its own engine on similar principles. Different execution — internal versus external management — same philosophical root.---## III. The Discipline: Why Individuals FailThis structure survived the dot-com collapse, the 2008 financial crisis, and the pandemic shock. The model held each time. Capital recovered. The machine kept running.Why do individuals with $100M so often fail to replicate it? Not because of mathematics. Because of behavior.**Rule 1 — Never overspend in good years.**The athlete who buys the jet after a 20% return breaks the compound. The formula punishes it silently, across decades.**Rule 2 — Never panic in bad years.**The family office that fires managers at the bottom locks in losses and misses the recovery. Every time.**Rule 3 — Maintain allocation discipline.**Rebalancing forces you to buy when blood is in the streets. That is where the premium lives.Universities survive for centuries because they are not emotional. They are governed by investment committees, by charters, by fiduciary obligation — not by impulses.A family is just a university of one. But it requires the governance of an institution.---#harvard #endowment #solomonvonherclestein #finance #legacy

On today's show a musician from Walnut Creek makes it to the quarter finals on "America's Got Talent." Then, "Misfit Cabaret" celebrates 10 years of out-of-the-box fun on stage. And we look back at a documentary about women scientists trying to save little brown bats from extinction.

"In a Rugged Land" examines the history and content of the two photographers' forgotten collaboration "Three Mormon Towns." We revisit our conversation from 2019 with author James Swenson.

Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Co-Hosts: Ben Criddle (@criddlebenjamin)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

What is up, Lilac City? On this episode of Spokast!, Spokane-based comedian Adam Swensen joins me to talk about his upcoming comedy variety show, Religious Traumedy—a hilarious, heartfelt deep dive into the weird, wild world of growing up Christian and figuring out who you are after leaving the church behind.Adam shares his journey from Bible college to the comedy stage, how Spokane's queer comedy scene gave him space to find his voice, and what inspired him to turn years of religious baggage into something funny, vulnerable, and totally relatable.We also read a few questionable Norm Macdonald-style jokes together—because of course we did.Religious Traumedy is happening August 15th at The Chameleon, and the lineup is stacked. You'll see stand-up sets from Kaley Alness and Wyatt Colombo, drag performances by Perri Twinkle and Polly Amethyst, and a special performance by Camrynne Sullivan. Of course, the night will be hosted by Adam Swenson himself—plus a few surprise guests you won't want to miss.

Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Co-Hosts: Ben Criddle (@criddlebenjamin)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Co-Hosts: Ben Criddle (@criddlebenjamin)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

Today Rachel, and Dara are hear to talk about 3 Hallmark June movies- A Machu Picchu Proposal, Villa Amoe, and Pie to Die For Follow Dara https://www.instagram.com/dearhallmark/ Follow Dear Hallmark podcast https://www.youtube.com/channel/UCe7R8-e6d13cee5QMo_Oltw?sub_confirmation=1 Follow her youtube channel https://www.youtube.com/channel/UCe7R8-e6d13cee5QMo_Oltw?sub_confirmation=1 Our Christmas podcasts are at https://www.youtube.com/watch?v=X4f2KtBPzUE&list=PLXv4sBF3mPUDo41tHqhkjHCvedmZwLzHx For all of our interviews https://www.youtube.com/playlist?list=PLXv4sBF3mPUA_0JZ2r5fxhTRE_-RChCj Send us your feedback at feedback@hallmarkiespodcast.com or the twitter call +1 (801) 855-6407 Check out the merch store and get our #hashtag shirts! https://www.teepublic.com/stores/hallmarkies?utm_campaign=Hallmarkies&utm_medium=8581&utm_source=affiliate Please support the podcast on patreon at https://www.patreon.com/hallmarkies Follow us on ITunes https://itunes.apple.com/us/podcast/hallmarkies-podcast/id1296728288?mt=2 https://twitter.com/HallmarkiesPod on twitter @HallmarkiesPodcast on Instagram Check out our website HallmarkiesPodcast.com Follow Rachel's blog at http://rachelsreviews.net Follow Rachel on twitter twitter.com/rachel_reviews follow Rachel's Reviews on youtube https://www.youtube.com/c/rachelsreviews Follow Rachel on facebook www.facebook.com/smilingldsgirlreviews Learn more about your ad choices. Visit megaphone.fm/adchoices

Watch on Philo! - Philo.tv/DTHThe movie kicks off at the ending of a play. The crowd cheers. And the players bow, including Hannah's mom, Delores. The next day, Delores comes face to face with her rival, Victoria. Hannah goes to talk to her sister and tells her that she's going on her first date with Chad TONIGHT! While out to eat, they see this guy just being really rude and yelling. The next day, she goes to deliver the pies that Victoria ordered and finds her MURDERED! She notices that something is burning and she runs to turn off the stove. Obviously, Delores did it. And Hannah needs to clear her mom's name. She comes up with an thought - what if the killer didn't turn on the burner. What if Victoria knew she was in trouble and she turned it on so that the smoke detector goes off to scare the killer. So she goes to tell Chad and he's like I need you to know that your mom is a suspect. It's clear that they weren't on good terms and everyone knew it. Delores is working on her own investigation to clear her name which includes getting in disguise to sneak around back stage at the play house but is caught by Hannah when she shows up to tour it to potentially booking it. She goes to check back out Victoria's house and finds out that the yelling guy from the restaurant lives next door! Plus, there's this cousin of one of Hanna's employees that just came into town and she's real sus. And then there's also Victoria nephew who is like a sculptor or something.After another one of Hannah & Chad's nights out, they get back to her place and sees that her door is slightly open. So Chad goes in and begins to fight a guy! They don't know who this guy is. They also go to check out Victoria's dance teacher which is really just an opportunity for Chad and Hannah to tango together. Hannah remembers that one of nephews sculptures was suddenly missing after she left the house that day, so they go to arrest him. But he's like I didn't do it but I knew you would make a big deal about this so I hired that guy to scare you. But it's too little too late. But Hannah isn't quite sold on him being the killer cuz he didn't know about the pan on the stove. But what can you do. They got their man. Hannah goes to cater Lisa's family reunion at the play house. That's where the real killer comes out - it's the woman who runs they play house! She had a thing with the dance instructor and then got jealous when he took a liking to Victoria. She has a gun, Hannah grabs a prop knife, they have a standoff. Chad arrives with the police to arrest the killer. Hannah faints and is swept off her feet by Chad. Those two lovebirds are going to lovebird some more. 

Burnout among health care professionals isn't just a staffing issue; it's a crisis rooted in systems, culture, and misaligned values. In this episode, Dr. Steve Swensen explores the growing crisis of burnout and moral injury among health care workers, highlighting its roots in emotional exhaustion, misaligned values, and lack of agency, and how it harms clinicians, patients, and organizational performance. He shares solutions, including five key leadership behaviors: understanding, recognition, belonging, transparency, and mentorship, along with better job design, removal of workflow obstacles, and a culture of kindness, which he calls “love in action” and a measurable business advantage. Tune in and learn how transforming leadership and culture can heal both caregivers and the system itself! Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textThis week on Love on the Pod, Sherri and Jessica are rolling solo (well, duo!) while Dani is off snuggling her sweet new baby on maternity leave. And what better way to celebrate a little mystery and mayhem than diving into Reality Bites: A Hannah Swensen Mystery?Grab your cookies and settle in as we talk suspicious cupcakes, community gossip, and that very dramatic pie scene. Sherri's got thoughts on Mike's mysterious motives, Jessica's making a case for more Norman screen time (as always), and both are wondering why Hannah keeps finding dead bodies but never locks her door.

In this episode, Bill sits down with George Aliferis, founder of Orama, host of the Investology podcast, and a fellow CAIA Member, to explore the evolving dynamics of private markets, democratized investing, and the importance of long-term thinking. George shares his unconventional path—from financial markets to filming Michelin-star chefs, and back into fintech content creation. Together, they probe the marketing practices in alternative investing, the pitfalls of liquidity and wrappers, and the critical role of education and governance in a more accessible financial landscape. The episode also features reflections on Swensen-style investing, the challenges of retail access to alts, and whether fractional ownership of wine or art is more hobby than portfolio play. Check out Bill's interview with George on Investology: https://open.spotify.com/episode/75aukPhzZi7Su6aQiN7SWA?si=DLQdcQ-yQYKyy_-VnQazqg

Today Rachel and Marisa are here to recap 2 recent mysteries- Reality Bites: A Hannah Swensen Mystery', and Mystery Island: Winner Takes All' Check out THE SUMMER OF STARTING OVER by Savannah Carlisle (ad) https://amzn.to/42ogCry New merch store! https://hallmarkies.dashery.com/ Follow Marisa at https://twitter.com/serafinitv?lang=en Follow Marisa on instagram https://www.instagram.com/serafinitv/?hl=en Sign up for the patreon today! http://www.patreon.com/hallmarkies Check out our merch: https://www.teepublic.com/stores/hallmarkies Send us your feedback at feedback@hallmarkiespodcast.com Or call +1 (801) 855-6407 Follow Rachel on twitter twitter.com/rachel_reviews Follow Rachel's blog at http://rachelsreviews.net Follow Rachel's Reviews on youtube https://www.youtube.com/c/rachelsreviews Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textIn this episode, we take a deep dive into the world of Hallmark mysteries with actor Tess Atkins, best known for her role as Michelle in the Hannah Swensen series. Tess shares her journey into acting, from childhood inspirations to landing roles in hit shows like Supernatural, The Flash, and of course, Hallmark's beloved mystery franchise.She opens up about the challenges of stepping into an established series, how Michelle has evolved over multiple films, and what it's like working alongside industry icons like Alison Sweeney and Barbara Niven. Plus, we get a behind-the-scenes look at her audition process, her favorite roles, and what she dreams of playing next.Join us for a fun, candid conversation filled with laughs, insights, and a little mystery-solving magic. Whether you're a die-hard Hallmark fan or just love hearing about the life of an actor, this is an episode you won't want to miss!Follow us on social media: Instagram and TikTok: @hallmarkmysteriesandmoreYoutubeOr visit our website. This podcast was created by fans for fans and is NOT affiliated with or sponsored by Hallmark or the Hallmark Channel.

In this episode of Marketing People Love, I sat down with Brett Swensen, the powerhouse behind some of the most successful brands, including Purple and Kizik. Brett's seen brands go from near 0 to over $100 million in sales, and today, he's sharing his insights on what it really takes to grow a brand. From the perfect creative formula (grab attention, keep attention, educate & entertain) to the importance of building lasting connections with your audience, Brett breaks it all down. Tune in for an open and honest conversation on the current state of UGC, why formulas matter, and what it'll take to win in 2025 and beyond.

Watch on Philo! - Philo.tv/DTHThe movie kicks off with a bad guy stealing some diamonds and then breaking a window. They steal some more jewelry and break another window. They find another box of goodies and break yet another window. Finally, they leave.While that's happening, we see that Hannah is baking a pie! She finds out that Connie Mack wants to come and film in her bakery! CONNIE MACK! She's a legend. And it gets better—they want Hannah to help! Obviously, Norman is around because he's in love with her, and he doesn't even know who Connie Mack is, but he's still impressed. Chad comes by to pick up some muffins for the crew and to see Hannah's face.Chad is a busy bee working on this burglary case. He's convinced he has the right guy but needs more evidence that the same person is involved in 13 break-ins.It's time for filming—Connie shows up and she's a bit of a diva. Hannah immediately catches on to the fact that Connie doesn't really know how to cook. Hannah tries to correct her at one point, which Connie doesn't appreciate, and pours a pie on her head.The producer apologizes to her afterward and confirms that Connie doesn't know how to cook. He asks her to go along with it for one more day. The next day, Hannah finds the producer, Hunt, dead. We see on his computer he was reading an article about the burglar—Chassley—that Chad was investigating.Obviously, Hannah begins to investigate herself. She catches Connie on the street, and it seems like she has a jaw problem she didn't have before. And no one can get in touch with Hunt's wife. Suspicious.She finds out that Hunt moved the booking to their town after finding out about the court case of Chassley, and that's what he was looking at on his computer. Sure is odd.As she's updating Chad on what she's found, a car comes speeding toward them and he has to pull her out of the way. What gives?!They decide they're going to set a trap by announcing very loudly that Hannah's mom is going out of town and is leaving all her expensive jewelry behind!It works. They catch the bad guy. Turns out it's Connie's assistant, who is Chassley's dad. She was going to stage a break-in that looked exactly like Chassley's to keep him from being convicted of all 13 break-ins. She killed Hunt because Hunt knew about what she was planning. Luckily, Chad calls her, figures out that she's in trouble, and comes to save the day.

Send us a textWe have waited for a new mystery from Hallmark Mystery and finally got it with Reality Bites" A Hannah Swensen. Our opinions were split over our return to Lake Eden.Synopsis:Hannah's favorite reality show takes over The Cookie Jar. When the producer is found dead, Hannah and Norman team up to track down the killer. Chad invites Hannah to court.Whose side are you on? Did you like Reality Bites or did you think it was a miss?Follow us on social media: Instagram: @hallmarkmysteriesandmoreYoutubeOr visit our website. This podcast was created by fans for fans and is NOT affiliated with or sponsored by Hallmark or the Hallmark Channel.

Send us a textVictor Webster has long been one of our favorite actors, and when he joined the Hannah Swensen Hallmark mystery franchise, we couldn't have been more excited. We sat down with Victor and talked about joining Hannah, Delores, and the rest of the gang as the newest cast member, DA Chad Norton. But we couldn't let Victor come on the podcast and not discuss Summer Villa, quite possibly the best Hallmark movie of all time. So sit back, pour a cup of tea, and enjoy getting to know Victor Webster. Reality Bites: A Hannah Swensen Mystery starring Alison Sweeney, Victor Webster, Gabriel Hogan, and Barbara Niven will premiere on Hallmark Mysteries on February 6th.Follow us on social media: Instagram: @hallmarkmysteriesandmoreYoutubeOr visit our website. This podcast was created by fans for fans and is NOT affiliated with or sponsored by Hallmark or the Hallmark Channel.

In this episode, Matt Cohen chats with Wendy Li, the co-founder and Chief Investment Officer of Ivy Invest, about her journey from managing institutional endowments to founding a fintech startup. Wendy shares insights from her experiences at the Metropolitan Museum of Art, the UJA Federation of New York, and the Mother Cabrini Health Foundation.She highlights her decision to leave a traditional allocator role to build Ivy Invest, a platform democratizing access to institutional-quality investments for retail investors. Wendy discusses the challenges of being a first-time founder, how emerging managers can build trust with institutional investors, and the long-term lessons from her career.About Wendy Li:Wendy Li is the Co-Founder and Chief Investment Officer of Ivy Invest, a platform that helps individual investors access investment portfolios similar to those used by big institutions. She has over 10 years of experience managing large investment funds and holds a Chartered Financial Analyst certification.Before starting Ivy Invest, Wendy was the Managing Director of Investments at the Mother Cabrini Health Foundation, where she set up the investment office and managed $4 billion. At the UJA-Federation of New York, she oversaw a $1 billion endowment and a $400 million pension plan. Her career began at the Metropolitan Museum of Art, where she worked as a Senior Investment Analyst.Wendy studied at Columbia University, where she earned her Bachelor's degree.Topics(01:13) Early Career Journey: Wendy shares her upbringing in Pennsylvania, moving to NYC, and her entry into finance at Columbia University.(02:30) First Role at the Met Museum: Insights from working with an established portfolio, sitting across high-profile investment committee members, and lessons on portfolio management.(04:51) The Transition to UJA: Managing a new investment office, building credibility with a seasoned investment committee, and reshaping a hedge fund-heavy portfolio.(06:57) Influence of David Swensen: Learning from Swensen's Yale Model and its focus on alternative investments, plus her direct exposure to the Yale network through colleagues.(09:48) Building Ivy Invest: Why Wendy left the endowment world to create Ivy Invest, the challenges of launching an SEC-registered fund, and solving access and complexity barriers for individual investors.(19:14) Fund Structure: Ivy Invest's single-fund strategy blending public and private investments, its interval fund structure, and quarterly repurchase options for investors.(24:11) Emerging Manager Advice: Key strategies for preparing to meet with institutional investors, understanding their specific needs, and how to build trust over time.(28:17) Long-Term Relationships: Why personal rapport, patience, and a deep understanding of both LPs and your own strategy are essential for emerging managers.(31:17) Lessons as a First-Time Founder: Transitioning to a fintech startup, learning to navigate the tech and regulatory landscape, and unexpected challenges like user access glitches.(36:38) Co-Founders and Team Dynamics: The complementary skills of her co-founders, balancing optimism with risk awareness, and maintaining trust and humor through challenges.(38:42) Brand Awareness and Challenges: Educating retail investors about their eligibility and building recognition for Ivy Invest's mission.(39:54) Surprises from Early Investors: The diversity of early adopters and how their demographics exceeded initial expectations.Fast Favorites* Favorite Podcast: How I Built This* Favorite Newsletter: Matt Levine's Money Stuff* Favorite Tech Gadget: iPhone* Favorite Trend: Established alternative investment managers opening access to retail investors* Favorite Book: A Tree Grows in Brooklyn by Betty Smith* Favorite Life Lesson: “Finish what you start.”Follow Matt Cohen and Tank Talks here!Podcast production support provided by Agentbee.ai This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com

Cary Swensen is an educator who has ideas for making affordable housing more accessible to Salinas citizens. She plans to use her educational background and transparency to come up with unique solutions to problems for a city with a limited budget. She sits down with us to tell us those plans and what she has been hearing from the people of District 3.

Hannah and Chad flirt with their own paths to solve the same murder while working to clear a colleague who is implicated in the crime. Meanwhile, Delores gets her big break. Watch on Philo! - Philo.tv/DTH

Send us a textHannah has now appeared in ten mysteries between Murder She Baked and Hannah Swensen Mysteries. In today's e[isode we review the latest installment, A Sprinkle of Deceit. Did it live up to the previous episodes? Does it still have the same small town charm we have come to love about Lake Eden? Are there fireworks between Hannah and Chad? We answer all these questions and much more. Hannah and Chad flirt with their own paths to solve the same murder while working to clear a colleague who is implicated in the crime. Meanwhile, Delores gets her big break. Starring Alison Sweeney, Victor Webster and Barbara Niven.Follow us on social media: Instagram: @hallmarkmysteriesandmoreYoutubeOr visit our website. This podcast was created by fans for fans and is NOT affiliated with or sponsored by Hallmark or the Hallmark Channel.

Get ready for a slice of mystery as Girls Gone Hallmark reviews A Sprinkle of Deceit: A Hannah Swensen Mystery! Megan and Wendy whip up a delightful discussion about the intriguing twists and turns, from the sweet surprises to the shocking revelations. They knead through the plot, sprinkle in some thoughts on the characters, and serve up plenty of insights about the twists and turns along the way. You won't want to miss this delicious episode, so grab a cupcake and listen to the review now. Email us your review at girlsgonehallmark@gmail.com or let's talk about it in the Girls Gone Hallmark Facebook Group! We Need Your 5-STAR Ratings and Reviews Spotify Podcast listeners: Spotify allows listeners to rate podcast episodes. Once you listen to a podcast for at least 30 seconds, you get the option to rate it between one and five stars. Return to the podcast's main page and tap the star icon. Then, tap submit. About A Sprinkle of Deceit: A Hannah Swensen Mystery - (Hallmark Mystery, 2024) Kevin Leslie directed. This is Kevin's very first directing credit! Kevin has 90 producing credits, which include a ton of Hallmark projects. He has previously worked with Ali Sweeney on Love and Jane, five Hannah Swensen mysteries, A Magical Christmas Village, Open by Christmas, and the Chronicle Mysteries. This movie was based on the novel Coconut Layer Cake Murder by Joanne Fluke. Nick Hopkins and Tim James wrote the script for A Sprinkle of Deceit. This is Nick's eighth writing credit and his first Hallmark project. Tim Johnson has three writing credits. He co-wrote Three Dates to Forever with Nick Hopkins. Alison Sweeney plays Hannah Swensen. Ali has 52 acting credits. We've mentioned this before, but it bears repeating: she has appeared as Sami Brady on Days of Our Lives in 3,612 episodes. She will appear in This Time Each Year, directed by Crystal Lowe, in just a few weeks. Victor "Wowie Zowie" Webster plays Chad. Victor made his Hannah Swensen debut in One Bad Apple. We are sorry to report that he is not appearing in a Countdown to Christmas movie this year, but his past appearances include Mystery on Mistletoe Lane, The Wedding Veil, and A Christmas Cookie Catastrophe. He will appear at Weekend 4 of the Hallmark Christmas Experience. Barbara Niven returns as the iconic Delores Swensen. Barbara has 113 acting credits and will appear in Leah's Perfect Gift on Hallmark this holiday season. Tess Atkins plays sister Michelle. Tess has 21 acting credits, and this is her fifth Hannah Swensen appearance. She is set to appear in an action/comedy starring Kevin James called Playdate, which will be released in theaters in 2025. Lisa Durupt plays sister Andrea. Lisa has 74 acting credits and recently rejoined the Hannah Swensen team in One Bad Apple after appearing in all of the Murder She Baked series. Daylin Williams plays Lonnie. Daylin has 21 acting credits and will appear in Holiday Crashers, out this Countdown to Christmas season. Juliana Wimbles plays Lisa. In addition to acting, Juliana has been writing for Hallmark quite a bit recently. Her scripts include A Costa Rican Wedding, A Whitewater Romance, and Love in the Maldives. Aadila Dasani plays, spoiler alert, our murderer Cass. Aadila has 65 acting credits, including 17 episodes of the Paramount Plus series Joe Pickett. Watch the Trailer for A Sprinkle of Deceit

Small acts of kindness can have a profound impact, often sparking a ripple effect that changes lives. When we embrace generosity, we create a cycle of giving and receiving that can lead to both personal fulfillment and prosperity. It's easy to overlook how a simple gesture—like giving away a $5 bill—can inspire others and spread goodwill. But what if such small acts could spark a global movement of kindness? Imagine being part of a community where acts of kindness are the norm, not the exception, and where every small gesture contributes to a wave of positive change. In this episode, I speak with Evan Swensen, a book publisher and author, about his new book *"How One Act of Kindness Changed the World."* Inspired by his own experiences with generosity, Evan shares how the $5 bill he gave away became the seed for a powerful message of kindness and reciprocity. "Generosity leads to prosperity. When we give freely, without expectation, we create a world where everyone thrives." - Evan Swensen Three Things You'll Learn In This Episode - The power of small acts of kindness Even the smallest gestures can have significant ripple effects. How can giving away a $5 bill inspire a movement and change the world? - The philosophy of generosity and prosperity Living generously doesn't just benefit others; it enriches your own life. What does it mean to live by the principle that generosity leads to prosperity, as outlined in Proverbs 11:25? - How to participate in the $5 Movement The $5 Movement encourages people to perform simple acts of kindness on September 9 and share their stories. How can joining this movement help you connect with others and spread positivity in your community? Guest Bio: Evan Swensen, book publisher and author, founded Author Masterminds and Readers and Writers Book Club. Throughout his publishing career, Evan and his wife, Lois, have brought the works of more than 1,000 authors to life, sharing diverse stories with readers worldwide. As the founder of the Readers and Writers Book Club, Evan fosters a vibrant community for literature enthusiasts, helping both established and emerging writers find their voices and audiences. Beyond publishing, Evan has contributed his editorial expertise to various national magazines and authored five books. His passion for storytelling is matched only by his commitment to promoting and supporting authors from all backgrounds, ensuring a rich tapestry of voices is heard. Known for his engaging personality and dedication, Evan also enjoys sharing tales of his adventures, whether in print or on air. An Alaska resident since 1957, Evan combines his love of the outdoors with his literary pursuits, often drawing inspiration from his surroundings. A seasoned pilot and avid outdoorsman, he uses these experiences to enrich the narratives he helps create and publish. With a career marked by both innovation and a deep respect for the craft of writing, Evan Swensen has left an indelible mark on the publishing world, continuously championing the power of storytelling. Episode 354 Title: If You Had $5 to Spend, Do This to Get Referrals Host: Michael J. Maher Guest: Evan Swensen SPECIAL FOR REFERRAL PODCAST LISTENERS: Attend our Referral Mastery Summit in September 27-29 in Atlanta, GA by going to www.RMS2024.com and using the coupon code "RMSpodcast" for 50% your ticket!

Send us a Text Message.It's been a while since we've been on dick patrol, but rest assured, we are in this one. Boody traps? Booby traps! Ranking Corey Feldman's work. Ranking Raphael as a ninja turtle. Beta Max? Rare and under-appreciated ice cream flavors. Putting bros in their place. Alice In Chains done acapella. Oh, and LOTS of actual Goonies stuff that didn't fit in the main episode. We offer variety, just like Swensen's! COME.Support the Show.

Karl Swensen and Joe Lynch discuss solving the $1.8 trillion distortion inventory problem. Karl is the CEO and Co-founder of Pull Logic, an AI-enabled tech company focused on reducing lost sales for retailers, brands, and manufacturers due failure points in the supply chain and selling processes. Summary: Solving the $1.8 Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. The company focuses on solving the problem of inventory distortion, which is having too much of the wrong inventory and not enough of the right inventory. Pull Logic uses the Product Availability Ratio (PAR) score to optimize inventory management and ensure customers have access to the products they want when they need them. By using data analytics and advanced algorithms, Pull Logic helps businesses identify the right products to stock, increase sales, reduce unproductive inventory, and improve sustainability. The podcast also touches on Karl Swensen's background in industrial and systems engineering and his experience working with major companies in supply chain consulting. #InventoryOptimization #AIPoweredSupplyChain #ReducingLostSales About Karl Swensen Karl Swensen is the CEO and Co-founder of Pull Logic, an AI-enabled tech company focused on reducing lost sales for retailers, brands, and manufacturers due failure points in the supply chain and selling processes. Karl is an executive and professional with a proven track record of growing businesses, implementing change, and leveraging digital technologies with a wide range of companies in North America, Asia, and Europe. His expertise is in supply chain, operations, and manufacturing and has worked at the intersection of strategy and technology to maximize results for companies and shareholders. His work in industry, consulting, and with technology companies have given him a unique perspective in understanding the complete picture and future vision and how to implement it, and he has also led large groups of people with revenue and P&L responsibilities.  In his free time, he likes to snow ski, compete with his spin cycle buddies, and travel with his family. About Pull Logic Pull Logic is based on research out of the Georgia Institute of Technology and the work of Dr. Benoit Montreuil who leads the Supply Chain and Logistics Institute there and solves the $1.8 trillion problem of “Inventory Distortion” as defined by the retail advisory firm, IHL Group.   Its narrowly focused AI solves this inventory distortion problem of “lost sales” and “unproductive inventory” and has yielded results of up to 30% revenue increase and up to a 50% decrease in unproductive inventory. While the Pull Logic solution is simple to understand and implement, it uses sophisticated algorithms and models based on the customer's data to predict customer demand and manage inventory more efficiently.    More importantly, it does not replace existing systems but complements and works alongside them to achieve these results and can be implemented in a matter of weeks. Key Takeaways: Solving the $1.8 Trillion Inventory Distortion Problem Learn how AI-enabled tech company Pull Logic reduces lost sales for retailers, brands, and manufacturers. Discover how Pull Logic uses AI to solve inventory distortion and improve supply chain efficiency. Understand the concept of creating a pull system rather than the traditional push system in inventory management. Explore how accurate demand forecasting and inventory optimization ensure the right products are available for customers. Gain insights into the massive problem of inventory distortion and its trillion-dollar impact on companies. Learn about the Product Availability Readiness (PAR) concept and how it measures inventory and informs deployment decisions. Discover how the Pull Logic's Product Availability Ratio (PAR) Score optimizes inventory levels for retailers, brands, manufacturers and their dealer networks. Timestamps (00:00:00) Solving the $1.8T Inventory Distortion Problem (00:00:58) Solving Inventory Distortion with AI (00:01:16) Pulling Inventory to the Consumer (00:02:25) Solving Inventory Distortion with Accurate Forecasting (00:06:30) From Georgia Tech to Supply Chain Innovator (00:08:38) Pologic: Simplifying Supply Chain Challenges (00:10:17) Solving Inventory Distortion with Pologic (00:11:15) The Frustration of Limited Shoe Selection (00:12:26) Optimizing Inventory with Product Availability Readiness (00:15:35) Optimizing Inventory with Predictive Metrics (00:19:31) Optimizing Inventory with the Parfix Solution (00:23:46) Optimizing Inventory with Smarter Data (00:28:37) Optimizing Inventory for Better Sales (00:31:34) Optimizing E-commerce Inventory Management (00:35:49) Improving Inventory Efficiency with Data Analytics (00:39:44) Solving the $1.8T Inventory Distortion Problem (00:41:51) Leveraging Data for Better Supply Chain Decisions (00:42:57) Optimizing Inventory Management with Artificial Intelligence (00:45:05) Engaging Logistics and Supply Chain Leaders Learn More About Solving the $1.8 Trillion Inventory Distortion Problem Karl Swensen | Linkedin Pull Logic | Linkedin Pull Logic Retail Inventory Distortion Study – The Good, The Bad, The Ugly – 2023 Episode Sponsor: Revenova Contact Us | Revenova The CRM-Powered TMS with Michael Horvath | The Logistics of Logistics The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

What do an aspiring private investigator, a handmade greeting card, and a steady string of apple-themed desserts have in common? Buckle up for a big mystery! In this episode, we're cracking the case of Hallmark Mystery's new TV movie, starring Alison Sweeney, Victor Webster, and a whole lot of suspects! Whodunit? Is it worth the watch? Will Jennifer like her first foray into the Hannah Swensen series?? ANSWERS ABOUND! LOL Connect with us online at www.DoYouWatchWhatIWatch.com to find out what we'll be recapping and reviewing next! And, as always, may your days be merry and bright!

Hannah Swensen has been asked to teach a baking class at the college in town, but a colleague soon ends up dead and Hannah begins to put together the puzzle of the mysterious circumstances surrounding the murder.Watch on Philo! - Philo.tv/DTH

Andrea and Eric review Alison Sweeney's writing debut in One Bad Apple: A Hannah Swensen Mystery. Hannah Swensen has been asked to teach a baking class at the college in town, but her equipment is tampered with, causing an explosion that the fire department ruled an accident. Soon, a colleague ends up dead, and Hannah begins to put together the puzzle of the mysterious circumstances surrounding the murder. Hannah leans on her friends and family to collect the breadcrumbs of foul play and put them together, and meets a different side of law and order when Lake Eden's prosecuting attorney, Chad Norton, enters her life.In addition to being Alison's first time crafting a story from the Joanne Fluke characters, it also marked the introduction of Victor Webster to the Hannah Swensen franchise. Was Alison successful in writing her first screenplay? Did Victor Webster soften the blow of Cameron Mathison leaving the series to join GAF?We answer these questions and a whole lot more. Follow us on social media: Instagram: @hallmarkmysteriesandmoreYoutubeOr visit our website. This podcast was created by fans for fans and is NOT affiliated with or sponsored by Hallmark or the Hallmark Channel.

We had the chance to catch up with Victor Webster, star of the viral sensation "Fighting Chance with Vic Webster"!Catch his new movie "One Bad Apple: A Hannah Swensen Mystery" airing tonight at 9pm EST on Hallmark MysteryWatch on Philo! - Philo.tv/DTH

EVEN MORE about this episode!Journey into life's final frontier with Denise Swenson, whose grace amidst metastatic ovarian cancer is both enlightening and touching. Her candid discussion of halting treatment and finding peace, influenced by Angelic Attendants: What Really Happens As We Transition From This Life Into The Next, offers a unique opportunity to grasp the emotional and spiritual complexities of preparing for the end. Through Denise's insights, our conversation challenges listeners to confront their own views on mortality and discover solace in the wisdom gained from embracing life's ultimate journey.The shift from battling an illness to embracing the end of life is a profound turning point rarely discussed with such openness. Denise and Julie navigate this delicate terrain, exploring the significance of end-of-life care options and the autonomy they afford. Through her story, the episode sheds light on the natural phenomena experienced by those in life's final moments—visions of loved ones, a sense of peace, and the comfort they bring amid uncertainty. Denise's reflections serve as a guiding light, leading us through the complexities of accepting the unpredictable nature of our existence.Our time with Denise Swenson concludes with contemplation of the soul's journey into the afterlife, depicted with angelic imagery and a profound sense of joy. Her vibrant account of this spiritual passage aims to alleviate fears of the unknown and provide solace to those confronting loss. As Denise shares her graceful acceptance and envisions a serene passage, we're reminded of the beauty found in life's culmination and the resilience gained from facing it with dignity and love.Guest Biography:About a year ago, Julie met Denise Swensen when she called into her show. Denise told Julie she was dying and had questions about the end-of-life experiences she was currently and would soon face. Since that time, Julie has been assisting Denise by validating and explaining the spiritual occurrences happening to her. Denise has found Julie's guidance to be very comforting, informative and helpful.Episode Chapters:(0:00:01) - End-of-Life Journey With Denise(0:13:59) - Embracing End of Life Choices(0:27:59) - Navigating End-of-Life Transitions and Fear(0:35:30) - Julie Guides Denise on a Walk to HeavenPlease join Julie next week with your question.Thursdays at 8pm ET, 7pm CT, 5pm PT.https://askjulieryanshow.comAnd, please leave a five-star review and subscribe so you can hear all the new episodes.Sponsors & RecommendationsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ben Criddle talks BYU sports every weekday from 3 to 7 pm.Today's Co-Hosts: Ben Criddle (@criddlebenjamin)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcastshttps://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

No one is more shocked than Hannah Swensen when her mother, Delores, finds the dead body of the homeowner-a frequent patron of The Cookie Jar-while looking for a home for her sister Michelle.Watch on Philo! - Philo.tv/DTHThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4438180/advertisement

Hannah goes to the Christmas tree lot to pick up a check for her cookies and finds the owner dead. Four murder suspects, three Swensen women, two helpful suitors, and a plum pudding recipe!Watch on Philo! - Philo.tv/DTHThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4438180/advertisement

A skeleton found in Lake Eden reveals the true identity of a beloved resident. Despite her fiancé's disapproval, Hannah investigates the murder and enlists her mother's help to uncover the truth and bring the killer to justice.Watch on Philo! - Philo.tv/DTHThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4438180/advertisement

Almost 30 years ago, when she was a local journalist at WWL in New Orleans, Hoda Kotb met another TV reporter by the name of Karen Swensen. The connection was instantaneous, and they've been best friends ever since. Together, they've navigated some of life's most challenging moments, like illness and loss, and they've also celebrated each other's joyful moments. As their lives have evolved, so too has their friendship. In this very special episode, Hoda and Karen reflect back on life, love, motherhood, and friendship. Life's about change — and, together, they're embracing it.