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In this episode we answer emails from Frank, Michael and Aaron. We discuss four good portfolio analyzer tools, the hidden meanings in the Risk Parity Radio logo, the deficiencies of the website and where to find good international funds to use for portfolio construction.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:Father McKenna Center Donation Page -- Remember to mention "The Financial Quarterback match" in new donations: Donate - Father McKenna CenterPortfolio Visualizer Monte Carlo Simulator: Monte Carlo Simulation (portfoliovisualizer.com)Portfolio Charts Portfolio Matrix Tool: Portfolio Matrix – Portfolio ChartsEarly Retirement Now Toolbox: An Updated Google Sheet DIY Withdrawal Rate Toolbox (SWR Series Part 28) - Early Retirement NowTestfolio Calculator: testfol.ioGeometric Golden Ratio Pentagon: Golden Ratio in Regular Pentagon (cut-the-knot.org)Misbehavior of Markets Book: The (Mis)Behavior of Markets by Benoît B. Mandelbrot | GoodreadsMore Than You Know Book: More Than You Know: Finding Financial Wisdom in Unconventional Places by Michael J. Mauboussin | GoodreadsMerriman Best In Class ETF List: Best-in-Class ETF Recommendations | Merriman Financial Education Foundation (paulmerriman.com)Video Re Best In Class ETFs: Bootcamp #9 Best in Class ETF Update 2024 (youtube.com)DFA Mutual Fund List: Funds | DimensionalTruncated AI-bot Summary:Can you imagine transforming your financial journey in the same way you might find camaraderie in your favorite dive bar? Welcome to Risk Parity Radio! Listener Frank reaches out with gratitude and a request for the best tools to backtest portfolios and determine safe withdrawal rates. We also tip our hats to Frank's generous donation to the Father McKenna Center, underscoring our ongoing charity drive in collaboration with the Financial Quarterback podcast.Ever wondered which platforms provide the most reliable data for crafting your financial future? We break down some of the top tools in the industry, like Portfolio Visualizer, Portfolio Charts, and the Early Retirement Now toolbox, along with the new player, Testfolio. Along the way, we debunk myths around CAPE ratios and share a heartfelt story about our Risk Parity Radio logo, born out of the creativity sparked during the 2020 lockdown.From a cheerful Scottish greeting to a deep dive into international investing, this episode promises both humor and expertise. We tackle Aaron's email about international ETFs, emphasizing the importance of non-overlapping funds for true diversification. Drawing from resources like the Merriman Foundation and Chris Pedersen's analyses, we guide you in selecting top-tier funds from DFA and Avantis. Support the Show.
Welcome to another thought-provoking episode of Father and Joe. In this installment, Joe Rocky sits down with Father Bond of 6 to discuss an unexpected journey from casino floors to sales mastery, all while exploring the intersections of faith and gambling. Joe's new book, "Casino Sales Master: Winning Strategies to Beat the Odds in Sales and Life," may raise some eyebrows at first glance, but its essence lies in the power of building meaningful relationships.This captivating conversation touches upon the moral aspects of gambling, as outlined in the Catechism (paragraph 2413), and how it only becomes unacceptable when it harms others or becomes an addiction. They delve deep into the concept of mutual self-gift and how it relates to sales, emphasizing that sales are about collaboration, not exploitation.Joe shares his transition from the casino environment to the world of sales, where he learned that true success comes from connecting with customers and meeting their needs. The book takes readers on a journey from the casino to sales, uncovering the secrets to building better relationships, whether in business or life in general. Joe explores how we can all apply these principles to enhance our daily interactions and, most importantly, our relationship with God.Don't miss out on this enlightening discussion that highlights the value of faith and the power of human connection in every aspect of life. If you're seeking a fresh perspective on sales, morality, and faith, this episode and Joe's book offer profound insights that can change the way you approach both your personal and professional relationships.
In this episode of the Personal Finance Podcast, we're going to talk about how to bucket your money with Jesse Kramer. In this episode we will talk about: The birds eye view of bucketing your money and what we need to do in order to get started? What we do with these buckets. Where should we place this money? Bucketing strategy with your money How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew's course teaching you how to invest! Watch The Master Money Youtube Channel! Ask Andrew a question on Instagram or TikTok. Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/ Monarch Money: Get an extended 30 day free trial at monarchmoney/pfp Policygenius: This is where I got my term life insurance. Policygenius is made so easy. To get your term policy go to policygenius.com and make sure your loved ones are safe. Books Mentioned in This Episode: A Random Walk Down Wall Street by Burton Malkiel More Than You Know: Finding Financial Wisdom in Unconventional Places by Michael J. Mauboussin Influence by Robert Cialdini Connect with Jesse Cramer: Website Article Twitter Instagram Linkedin The Best Interest Podcast Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode 397 with Greg Mazu, Chief Encouragement Officer of Singletrack Trails. Singletrack Trails was born in 2004 and has evolved into six different ventures. Over that time, Greg has shifted Singletrack from a boutique trail construction company to a multi-faceted outdoor recreation development firm. And Greg has shifted his focus with the company as an owner-operator to their Chief Encouragement Officer. Facebook Twitter Instagram The Outdoor Biz Podcast Love the show? Subscribe, rate, review, and share! Sign up for my Newsletter HERE. I'd love to hear your feedback about the show! You can contact me here: email: rick@theoutdoorbizpodcast.com Or leave me a message on Speakpipe! Brought to you by Thrive Market Show Notes Things we talked about: The Ventures of an Opportunistic Entrepreneur 00:02:32 Mountain Biking and the Evolution of Trails 00:07:05 The benefits of working through a nonprofit 00:09:50 Building Trails with Impact 00:12:27 Scaling Beyond Competitors 00:13:42 Finding Mentorship in Unconventional Places 00:15:35 The Importance of Networking in the Outdoor Recreation Industry 00:19:19 Staying Active and Focused 00:22:09 The Accessibility Challenge of Outdoor Recreation 00:25:09 Blinkist 00:24:15 Favorite Books Traction by Gino Wickman E myth by Michael Gerber Powerful by Patty McCord Favorite piece of outdoor gear under 100? Portable Bicycle Pump Follow Up with Greg LinkedIn: @gregmazu Linkedin: singletracktrails Facebook: @gregmazu Singletrack trails
Tara Workman is a Barbadian nature photographer known for her unique approach to finding beauty in unconventional places. Her work has earned her recognition from the industry's most respected names, and she has been named one of the 10 female photographers to watch in 2023. As a full-time family physician, Tara understands the importance of finding balance in life and pursuing one's interests outside of work. Batsoupyum was an early and significant collector of Tara's photography NFTs. Her Sloika series, which became her genesis NFT work launched in December 2021, Simple Elegance has sold out. She continues to explore new opportunities to push the boundaries of her artistic vision. Tara's journey into photography is an inspiration to anyone seeking to pursue their passions and explore their creativity. Visit Tara Workman's NFT series on Sloika: https://sloika.xyz/taraworkman.eth/simple-elegance The cover photo for this episode is in the collection of a prominent web3 collector and artist supporter MeLlamoMatt. Our new show, 1/1: Conversations with Artists, highlights great artists venturing into the web3 space. Sloika is a curated photography NFT marketplace, focusing on the community, code and design. Our mission is to empower creators to build meaningful connections with fans. With Sloika, you can collect and own genuine photo art from limited series by amazing photographers around the world. ------------------------------------------ Website: https://sloika.xyz Twitter: https://twitter.com/sloikaxyz Discord: https://discord.gg/FJpYyVPBY2 Instagram: https://instagram.com/sloika.xyz Newsletter: https://sloika.xyz/subscribe
Brought to you by Athletic Greens's AG1 all-in-one nutritional supplement, House of Macadamias delicious and nutritious nuts, and Shopify global commerce platform providing tools to start, grow, market, and manage a retail business. Michael Mauboussin (@mjmauboussin) is Head of Consilient Research on Counterpoint Global at Morgan Stanley Investment Management.Prior to joining Counterpoint Global, Michael was Director of Research at BlueMountain Capital, Head of Global Financial Strategies at Credit Suisse, and Chief Investment Strategist at Legg Mason Capital Management. Michael originally joined Credit Suisse in 1992 as a packaged food industry analyst and was named Chief U.S. Investment Strategist in 1999.Michael is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, and More Than You Know: Finding Financial Wisdom in Unconventional Places. More Than You Know was named one of "The 100 Best Business Books of All Time" by 800-CEO-READ, one of the best business books by BusinessWeek (2006), and best economics book by Strategy+Business (2006). Michael is also co-author, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns. Michael has been an adjunct professor of finance at Columbia Business School since 1993 and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. He received the Dean's Award for Teaching Excellence in 2009 and 2016 and the Graham & Dodd, Murray, Greenwald Prize for Value Investing in 2021.Michael earned an A.B. from Georgetown University. He is chairman emeritus of the board of trustees of the Santa Fe Institute, a leading center for multidisciplinary research in complex systems theory.Please enjoy!This episode is brought to you by Shopify! Shopify is one of my favorite platforms and one of my favorite companies. Shopify is designed for anyone to sell anywhere, giving entrepreneurs the resources once reserved for big business. In no time flat, you can have a great-looking online store that brings your ideas to life, and you can have the tools to manage your day-to-day and drive sales. No coding or design experience required.Go to shopify.com/Tim to sign up for a one-dollar-per-month trial period. It's a great deal for a great service, so I encourage you to check it out. Take your business to the next level today by visiting shopify.com/Tim.*This episode is also brought to you by House of Macadamias delicious and nutritious nuts! I love macadamia nuts and have been enjoying them often since keto expert Dr. Dominic D'Agostino recommended them on the podcast in 2015. They taste great, and with more healthy, monounsaturated fat than both olive oil and avocados, 27% fewer carbs than almonds, and more than 50% fewer carbs than cashews, they're the perfect low-carb, keto-friendly, nutty snack. In fact, I just ate a handful of lightly white-chocolate-covered macadamias about an hour ago to keep me going through the afternoon until dinner. And I will say this: House of Macadamias produces the best-tasting macadamia nuts I've ever eaten… by far.Listeners of The Tim Ferriss Show can use code TIM20 to get 20% off all orders, plus, for a limited time, a free, premium, extra-virgin, cold-pressed macadamia oil with any order, valued at $20. Visit HouseOfMacadamias.com/Tim to discover some of the most delicious and nutritious nuts on the planet.*This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and 5 free travel packs) with your first subscription purchase! That's up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*[07:12] Latin roots.[09:14] No business education? No problem![12:15] The best food industry analyst.[15:36] Consilience.[19:58] Complex adaptive systems.[23:26] Diversity.[26:23] The wisdom of crowds.[32:42] The minimum effective dose of cognitive diversity.[36:02] Designing experiments.[43:49] Against the Gods and Complexity.[49:56] Value investing and the Santa Fe Institute.[53:57] A brief 21st-century asset class tour.[57:47] Base rates and horses.[1:06:16] Good vs. great investors.[1:13:22] Expanding options when making decisions.[1:18:56] Favorite failures.[1:20:35] Counteracting overreliance on experts.[1:24:34] Intuition.[1:34:15] Time management tenets.[1:40:59] Parental resources.[1:43:42] Perspectives gained by learning about complex adaptive systems.[1:46:12] Recommended reading.[1:47:32] Michael's billboard.[1:50:33] Parting thoughts.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode we answer emails from Justin and Arun. We discuss the last decade of history of the failed use of CAPE ratios as a crystal ball and the general problems with those approaches, and the inherent limitations and problems with using the personal finance recommendations of theoretical economists.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:CAPE Ratios Article: CAPE Fear: Why CAPE Naysayers Are Wrong | Research AffiliatesMichael Kitces CAPE Article (2016): Reducing Retirement Return Assumptions For High Valuation? (kitces.com)Kitces Critique of November 2021 Morningstar Forecasts Report: Can Morningstar's Withdrawal Rate Report Refute The 4% Rule? (kitces.com)Sector P/E Ratios Article: Sector Valuation: Shiller PE By Sectors - GuruFocus.comIndustry P/E Ratios Article: Price to Earnings (P/E) Ratios by Industry | Eqvista2022 Morningstar Report: 2022 Retirement Withdrawal Strategies Report | MorningstarAfford Anything Kotlikoff Interview: #329: Challenging Your Confirmation Bias, with Economist Larry Kotlikoff - Afford AnythingPlanet Money Economist Interview: Yale Economist James Choi Analyzes Popular Financial Advice : Planet Money : NPRComplex Adaptive Systems and the Math that Applies To Them: The Fractal Lens - Prospecting Mimetic FractalsMore Than You Know Book: More Than You Know: Finding Financial Wisdom in Unconventional Places by Michael J. Mauboussin | GoodreadsSupport the show
The Crochet Baes discuss unconventional places to crochet with input from our listeners!
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Michael Mauboussin is Head of Consilient Research at Counterpoint Global. Previously, he was Director of Research at BlueMountain Capital, Head of Global Financial Strategies at Credit Suisse, and Chief Investment Strategist at Legg Mason Capital Management. He is also the author of three incredible books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in The 100 Best Business Books of All Time by 800-CEO-Read. Michael has taught at Columbia Business School since 1993 and received the Dean's Award for Teaching Excellence in 2009 and 2016. In Today's Episode with Michael Mauboussin We Discuss: 1.) Entry into Venture and Finance: What does Michael actually do as "Head of Consilient Research"? What does Michael know now that he wishes he had known when he entered finance? How did Michael and Bill Gurley meet in business school? What does Michael believe makes Bill such a special investor today? 2.) Booms and Busts: How This Compares? How does the current macro downturn compare to prior crashes Michael has worked through? What is the same? What is different? How do political and health events impact the macro? Why was 1987 the end of the world at the time? How did the recovery take place? How does Michael analyze the duration of bull markets vs the duration of recovery time? What advice does Michael give to young people today questioning if they are good investors? 3.) The Investment Decision-Making Process: How does Michael advise on the structuring of your decision-making process? What makes a good process vs a bad process? What can be done to remove politics from the decision-making process? What can be done to ensure all people, regardless of hierarchy feel safe in the process and feel they can share their thoughts without repercussions? What are the single biggest mistakes Michael sees people make in their decision-making process? How do you know when is the right time to change your process? 4.) Everything is a DCF: What does Michael mean when he says that "everything is a DCF"? How does Michael advise and apply this thinking to early-stage venture investors? How does Michael think through highly diversified portfolios vs super concentrated portfolios in venture? Items Mentioned in Today's Episode: Michael's Favourite Book: Consilience: The Unity of Knowledge by E.O Wilson
Michael Mauboussin is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, and More Than You Know: Finding Financial Wisdom in Unconventional Places. Michael is currently Head of Consilient Research at Counterpoint Global. Michael has also held roles as Director of Research at BlueMountain Capital Management, he was a Managing Director and Head of Global Financial Strategies at Credit Suisse, and he was Chief Investment Strategist at Legg Mason Capital Management. Mr. Mauboussin has been an adjunct professor of finance at Columbia Business School since 1993 and currently is Chairman of the Board of Trustees for the Sante Fe Institute. Checkout the Show Notes from Michael's Episode & Reading List Transcript Watch my Persistent Patterns of Greatness Master Class You Unleashed Course 50% off You Unleashed is an online personal development course created by Sean DeLaney after spending years working with an interviewing high achievers.The online course that helps you ‘Unleash your potential'! You Unleashed teaches you the MINDSETS, ROUTINES and BEHAVIORS you need to unleash your potential and discover what you're capable of. You know you're capable of more and want to bring out that untapped potential inside of you. We teach you how. Enroll Today & Receive 50% off by using code “WGYT”- Click Here Subscribe to my Momentum Monday Newsletter Connect with us! Whatgotyouthere TikTok YouTube Twitter Instagram
It’s important to stand out to your donors, but how do you stand out if your organization sounds like all the rest? David and Margaret talk with Brock Warner author of From the Ground Up: Digital Fundraising for Nonprofits. Brock shares how he went about looking for fundraising inspiration in unconventional places and what he […] The post Ep. 107: Finding Fundraising Inspiration in Unconventional Places with Brock Warner appeared first on Fundraising Leadership .
Our guest this week is Michael Mauboussin. Michael is the head of consilient research at Counterpoint Global. Before joining Counterpoint Global in January 2020, Michael was director of research at BlueMountain Capital Management and prior to that held research leadership roles at Credit Suisse and Legg Mason Capital Management. Michael is the author of three books including The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing and is also coauthor with Alfred Rappaport of Expectations Investing: Reading Stock Prices for Better Returns. He has been an adjunct professor of finance at Columbia Business School since 1993 and is on the faculty of the Heilbrunn Center for Graham & Dodd Investing. Michael is also chairman emeritus of the board of trustees of the Santa Fe Institute. He received his bachelor's degree from Georgetown University.BackgroundBioThe Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, by Michael MauboussinExpectations Investing: Reading Stock Prices for Better Returns, by Michael Mauboussin and Alfred RappaportMore Than You Know: Finding Financial Wisdom in Unconventional Places, by Michael MauboussinConsilienceConsilience: The Unity of Knowledge, by Edward O. Wilson“Charlie Munger's System of Mental Models: How to Think Your Way to Success,” by Andrew McVagh, mymentalmodels.info.com, Aug. 7, 2018.“Increasing Returns and the New World of Business,” by W. Brian Arthur, harvardbusinessreview.com, July-August 1996.Santa Fe Institute“Why Foxes Make Better Decisions Than Hedgehogs,” by Kevin Sookocheff, sookocheff.com, July 15, 2021.Jonathan Baron, Professor, University of PennsylvaniaActive Fund Success“Turn and Face the Strange: Overcoming Barriers to Change in Sports and Investing,” by Michael Mauboussin and Dan Callahan, morganstanley.com, Sept. 8, 2021.“Dispersion and Alpha Conversion: How Dispersion Creates the Opportunity to Express Skill,” by Michael Mauboussin and Dan Callahan, morganstanley.com, April 14, 2020.Fundamental Law of Active Management“The ‘Paradox of Skill' Adds to Active Management Woes,” by Christine Idzelis, institutionalinvestor.com, Sept. 17, 2020.Triumph and Tragedy in Mudville: A Lifelong Passion for Baseball, by Stephen Jay Gould“Looking for Easy Games in Bonds,” by Michael Mauboussin, bluemountaincapital.com, April 16, 2019.“Do Individual Day Traders Make Money? Evidence From Taiwan,” by Brad Barber, Yi-Tsung Lee, Yu-Jane Liu, and Terrance Odean, Berkeley.edu, May 2004.Expectations InvestingCreating Shareholder Value: A Guide for Managers and Investors, by Alfred Rappaport“Market-Expected Return on Investment: Bridging Accounting and Valuation,” by Michael Mauboussin and Dan Callahan, morganstanely.com, April 14, 2021.Security Analysis course taught by Michael Mauboussin at Columbia Business School“The Math of Value and Growth: Growth, Return on Capital, and the Discount Rate,” by Michael Mauboussin and Dan Callahan, morganstanely.com, June 9, 2020.“Public to Private Equity in the United States: A Long-Term Look,” by Michael Mauboussin and Dan Callahan, morganstanley.com, Aug. 4, 2020.“How the Parting of Two Market Forces Helped Spur the Equity Rally,” by Michael Mauboussin, ft.com, Feb. 8, 2021.Business Quality and Capital Allocation“Thoughts on Cost of Capital and Buffet's $1 Test--Part 1,” by John Huber, sabercapitalmgt.com, Oct. 30, 2017.“Return on Invested Capital (ROIC)--Michael Mauboussin on Investment Concepts,” anthenarium.com.“Michael Mauboussin on Capital Allocation and Value Creation,” anthenarium.com, Nov. 29, 2019.“Chancellor: Tech Growth Comes at Irrational Price,” by Edward Chancellor, reuters.com, Sept. 9, 2021.“Categorizing for Clarity: Cash Flow Statement Adjustments to Improve Insight,” by Michael Mauboussin and Dan Callahan, morganstanley.com, Oct. 6, 2021.Other and Recommended ReadingAswath Damodaran, Professor of Finance, Stern School of BusinessThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, by Morgan HouselThe Warren Buffett Way, by Robert HagstromWarren Buffett: Inside the Ultimate Money Mind, by Robert HagstromRicher, Wiser, Happier: How the World's Greatest Inventors Win in Markets and Life, by William Green
You might not make the connection between playing poker and business building, but I sure do. In this episode of Think Big, Move Fast, I'm sharing with you the decision-making strategies I've learned from sitting at a poker table and how the risk-tolerance we're all looking for to be able to take big leaps and bounds in our businesses is right in front of us. Sometimes, it's in unconventional places. Learn more about creating online courses, building your business and sharing your knowledge with the world at https://heatherdeveaux.com
This episode is about inspiration & support that is very much needed for everyone especially individuals with intellectual disabilities & their loved ones. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/obsidian-queen/message Support this podcast: https://anchor.fm/obsidian-queen/support
In this episode, Guerline will make you realize that no matter how unconventional a place is, you can still build a travel business on it. Find out how you can apply the things Guerline did on her own business. GET THE FULL INTERVIEW WITH GUERLIE WHERE SHE SHARES HOW SHE TURNED HER PASSION FOR HOME INTO A SUCCESSFUL ONLINE TRAVEL AGENCY BUSINESS --------------- Hey Offbeat Family, I really your listening to this episode. I would love to hear more from you and what you think of the podcast. Contact me: hello@theoffbeatlife.com Show credits: Audio Engineer: Ben Smith - Vagabond Podcast Productions
Hello pals! This weeks episode is the last one before Veronica leaves for university (cue tears), so we wanted to sit down and just chit-chat about some of our favorite places. Ranging all the way from a tiny costume closet in Singapore, to a pet store in Victoria, BC, we take you to spots in over 8 countries! Join us for some reminiscing of our last chapters - before we embark on adventures to seek more places to add to our lists. Instagram: @inbetweening.thepodcast @hyperachel Logo by: @spacedout.adl
Yoga teachers are struggling & many yoga studios have closed all over the globe in just 4 months into this pandemic. While there’s no end in sight yoga teachers need to begin thinking outside the traditional yoga studio model to keep their careers afloat. Stop depending on yoga studios to create teaching jobs, it’s time to take charge of your career.In this episode, Arundhati highlights 5 unconventional places to teach yoga during the pandemic. These are all set up to virtually and keep social distancing in mind. These are practical, easy, and unorthodox ways of teaching yoga in this “new normal”.Once you listen to the gems hidden in this episode, you may come up with more ideas of your own. Arundhati not only gives you the suggestions but also highlights what to look for, what to keep in mind, paid or free promotions and so much more. Listen right away & enjoy the episode.Please rate, review & subscribe. Even a simple review like, “I love the Let’s Talk Yoga podcast.” would be highly appreciated.Show notes here...Let's connect on InstagramJoin our Facebook community More good stuff on the website...
Michael Mauboussin is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Think Twice: Harnessing the Power of Counterintuition, and More Than You Know: Finding Financial Wisdom in Unconventional Places. Michael is currently Head of Consilient Research at Counterpoint Global. Michael has also held roles as Director of Research at BlueMountain Capital Management, he was a Managing Director and Head of Global Financial Strategies at Credit Suisse, and he was Chief Investment Strategist at Legg Mason Capital Management. Mr. Mauboussin has been an adjunct professor of finance at Columbia Business School since 1993 and currently is Chairman of the Board of Trustees for the Sante Fe Institute. Michael's Episode Notes Checkout my Newsletter Connect with us! Whatgotyouthere MCTco Collagen Protein Bars www.mctco.com 20% off with code “WGYT” http://michaelmauboussin.com/ Michael’s Books The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing More Than You Know: Finding Financial Wisdom in Unconventional Places Think Twice: Harnessing the Power of Counterintuition Michael’s Investing Essay’s
Gabe Baker joins Brandon & Lily for episode 8 to discuss his time on Listen to Your Heart. Gabe played D1 football at Rice University, competed in American Ninja Warrior, is an active member in his church, manages an online blog, and is a community planner. What is he not good at?? He reveals this and more. He details his life before the show, how music became a core focus of his life, and the projects he is working on now. His single Butterflies is streaming now. Plus, can you expect Gabe on Bachelor in Paradise? Find out in this episode! Leave a review and follow @backtorealitypodcast on instagram and twitter @backto_reality Intro & Outro Music: Funkorama by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3788-funkorama License: http://creativecommons.org/licenses/by/4.0/
Michael J. Mauboussin is Director of Research at BlueMountain Capital Management. Prior to joining BlueMountain, he was Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Management. He is also the author of three books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in the The 100 Best Business Books of All Time by 800-CEO-Read. Michael has been an adjunct professor of finance at Columbia Business School since 1993, and received the Dean's Award for Teaching Excellence in 2009 and 2016. He is also chairman of the board of trustees of the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. Michael's website: http://michaelmauboussin.com/ MIchael's Twitter: https://twitter.com/mjmauboussin ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast. The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).
Today’s conversation is with one of the finest intellectual investors and academic at heart, Michael Mauboussin. Michael is the Director of Research at BlueMountain Capital Management in New York and was formerly the Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Management. While rising to the top in his corporate career, Michael authored three books, including my favorite, More Than You Know: Finding Financial Wisdom in Unconventional Places, which was named one of the best business books by Businessweek and which features prominently in today’s show. Michael has been an adjunct professor of finance at Columbia Business School since 1993 and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. He is also Chairman of the Board of Trustees of the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. On this episode, Michael and I talk about the early epiphany he had that set him on the path to Chief U.S. Investment Strategist, the importance of teaching value investing alongside psychology, the main contributors to investment bias, the importance of cognitive diversity, the top three techniques you can use to mitigate against bias in your investment processes, and so much more! Key Topics: The epiphany Michael had from reading Creating Shareholder Value early in his Wall Street career (3:32) Why we should teach value investing in a way that includes both finance and psychology (5:38) How Michael’s focus on strategy and valuation issues helped him move from food analyst to Chief U.S. Investment Strategist at Credit Suisse (7:02) Why analyzing the investment process has been an underlying theme throughout Michael’s career (7:30) The three aspects to consider when examining how biases get incorporated into market valuations (9:54) The effect of market structure on the incorporation of biases (11:45) The conditions which have to be in place for the wisdom of crowds to operate efficiently (12:13) Why market prices don’t directly reflect information (14:05) The impact of financial institutions on the workings of the economy at large (16:04) Why cognitive diversity leads to better decision-making for complex issues (17:33) Applying the Diversity Prediction Theorem (18:47) What the Asch experiment teaches us about biased decision-making (22:07) The surprising neurological findings behind the results of the Asch experiment (24:56) Value investing means being a contrarian and a calculator (26:52) The difference between experience and expertise (28:36) How technology has led to “the expert squeeze” (31:17) Our thoughts on the future of machine-learning versus human judgment for investment decision-making (34:15) The important difference between outcome and process (36:25) Why you should audit your processes as an investor, even when you’re doing well (38:10) Using a base rate to incorporate an outside view into your investment decisions (40:52) How a pre-mortem helps you to identify bias and weaknesses by triggering the interpreter in your brain (43:57) Applying red teaming to investment process analysis and decision-making (46:28) Translating the margin of safety into decision processes (47:30) The types of scenarios which are well-suited to routinizing (51:24) Michael’s thoughts on passive investing (53:12) And much more! Mentioned in this Episode: Michael Mauboussin’s Website Michael Mauboussin’s Books BlueMountain Capital Management Alfred Rappaport’s Book | Creating Shareholder Value: A Guide for Managers and Investors Journal Articles: Franklin Allen | Do Financial Institutions Matter? Solomon E. Asch | Opinions and Social Pressure Sanford J. Grossman and Joseph E. Stiglitz | On the Impossibility of Informationally Efficient Markets Scott Page, Leonid Hurwicz Collegiate Professor of Complex Systems, Political Science, and Economics, The University of Michigan Daniel Kahneman, Professor of Psychology and Public Affairs Emeritus at the Woodrow Wilson School, the Eugene Higgins Professor of Psychology Emeritus at Princeton University Michael Gazzaniga, Director of the SAGE Center for the Study of Mind at the University of California, Santa Barbara Benjamin Graham’s Book | The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Thanks for Listening! Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu. Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!
Christina Sass is co-founder and COO of Andela, a company that locates, trains, and staffs world-class engineers in Africa for hire by tech companies in the US and elsewhere. They've sparked a movement, cracked the code on finding great coders, and have attracted investors like Mark Zuckerberg. Visit andela.com to learn more, or follow Christina at twitter.com/sasschristina Subscribe to the NextView blog for future episodes and more resources for seed-stage startups: nextviewvc.com/blog Thanks for listening!
This week Erik reports back on his blackhat award booking, covers lessons learned about Singapore Star alliance awards, and nearly sends his luggage to Peru by accident. He'll also cover a rather unconventional answer to a listener question about travel from Buenos Aires to Brazil, and assorted points and miles news. Then, Erik sits down for an interview with Become Nomad founder Eli David who shares his process for staying productive on the road, some great resources for digital nomads, and a few of his favorite off the beaten path locations to live and work. www.abroaders.com/152
August 12 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Michael Mauboussin, who is a managing director and head of Global Financial Strategies at Credit Suisse. He is also the author of three books, including "More Than You Know: Finding Financial Wisdom in Unconventional Places." This commentary aired on Bloomberg Radio.u0010u0010(Barry Ritholtz is a Bloomberg View columnist. The opinions expressed are his own.)
Do you want to improve your decision-making a build a better mental toolkit? In this episode we explore the psychology behind making better decisions with Michael J. Mauboussin. Michael is the Head of Global Financial Strategies at Credit Suisse. He is the author of three books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in the The 100 Best Business Books of All Time. Michael also serves as an adjunct professor of finance at Columbia Business School. We discuss the following topics: -The interconnectedness of knowledge across many different disciplines -How to switch to the “outside view” to make better predictions and decisions -How to improve your results without being any smarter or better trained -A fascinating psychology study that demonstrates how we deceive ourselves -The biggest biases that cause investors to make bad decisions (and how to combat them) -Why the right tools aren’t enough to make you a successful investor -Concrete steps to start down the path of better decision-making -How to understand the difference between luck and skill in complex fields like business, investing, and entrepreneurship -How to become “numerate” and understand the physics and mathematics of misjudgment -What statistical base-rates are and how they can improve your decisions -How reversion to the mean really works and why you’ve been misunderstanding it Learn more about your ad choices. Visit megaphone.fm/adchoices
Michael J. Mauboussin is an investment strategist and has been in the financial services industry for more than twenty-five years. He has also taught at the Columbia Graduate School of Business since 1993, and is on the board of trustees at the Santa Fe Institute.He is the author of two previous books, Think Twice: Harnessing the Power of Counterintuition andMore Than You Know: Finding Financial Wisdom in Unconventional Places and is coauthor, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns.