Podcasts about valuations

In this episode, we discuss how financial due diligence is different from your regular compliance bookkeeping and how to clean up your books to secure the highest possible purchase price. You'll discover how simple accounting mistakes can destroy trust with buyers, lead to sudden price reductions, and even kill a deal. View the complete show notes for this episode. Want To Learn More?  The Role of Accountants When Selling Your Business M&A Due Diligence Preparation Quality of Earnings in M&A – The Ultimate Guide Additional Resources Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

Today's guests are Morningstar's Brian Moriarty and Jack Shannon. Brian is a principal, fixed-income strategies, for Morningstar. Before assuming his current role in 2015, Brian was a client solutions consultant for Morningstar Office, a practice and portfolio management system for independent financial advisors. Before joining Morningstar in 2013, he was a research assistant for DePaul University's religious studies department. Brian holds a bachelor's degree in political science from Michigan State University and a bachelor's degree in Islamic world studies from DePaul University. Jack Shannon is a principal, equity strategies, for Morningstar. He focuses on actively managed equity strategies and is the lead analyst for MFS and Artisan Partners, among other firms. Before joining Morningstar in 2020, Jack worked in commercial banking and was a consultant providing subject-matter expertise on complex financial litigation. Jack holds a bachelor's degree in economics and history from James Madison University. He also holds a master's of business administration in investments and corporate finance from the University of Notre Dame's Mendoza College of Business. Episode Highlights 00:02:06 What are Private Markets, and What Investment Opportunities Do They Provide? 00:03:13 Do Semiliquid Funds Provide Easier Access to Private Markets? 00:05:57 Applying Morningstar Processes to Evaluate Private Markets 00:09:50 Managing Liquidity in Private Market Investments 00:18:48 Valuation and Transparency: Putting Private Assets Under the Microscope 00:24:07 Payment in Kind as a Valuation Concern 00:28:02 Public vs. Private Markets: Understanding Risk, Language, and Infrastructure Differences 00:39:28 Building Methodology to Explain Private Asset Fees and Incentive Structures 00:44:22 What Morningstar Medalist Ratings Signal for Semiliquid Funds More From Morningstar Morningstar's Guide to Public/Private Investing Private Equity Funds Step Into the Spotlight Private Credit Pricing: Are Prosecutors Opening Up Pandora's Box? If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The SpaceX IPO has officially launched, but the biggest question isn't what happened on day one...It's what happens next.In this video, we break down why SpaceX stock could become even more volatile in the coming weeks as options trading begins, stock sale restrictions eventually expire, and investors continue debating whether the company's massive valuation is justified.Your Trading Coach - Akil

Cybersecurity is no longer just an IT issue - it's a leadership issue, a risk management issue, and increasingly, a business value issue. In this episode of Behind The Numbers With Dave Bookbinder, cybersecurity expert, author, and security analyst Robert Siciliano explains why the greatest threat to most organizations isn't technology -it's human behavior. Drawing on decades of experience investigating cybercrime and helping organizations protect themselves, Robert shares how criminals exploit what he calls the "human blind spot" through fear, urgency, trust, and manipulation. From the early days of AOL scams to today's AI-powered voice cloning, deepfakes, and sophisticated phishing attacks, he reveals how cybercriminals continue to evolve their tactics while targeting the same human vulnerabilities. Dave and Robert discuss why cybersecurity awareness training often fails, how organizations can build a Strategic Human Firewall, and why security must become personal before it becomes organizational. They also explore practical strategies business owners and leaders can implement immediately, including stronger authentication practices, better employee education, and creating a culture of situational awareness. Whether you're a business owner, executive, advisor, or anyone concerned about protecting digital assets and organizational trust, this conversation offers valuable insights into managing risk in an increasingly complex cyber landscape. Key Topics Discussed: Why human behavior remains the biggest cybersecurity vulnerability The psychology behind phishing, scams, and social engineering How AI, deepfakes, and voice cloning are changing cybercrime The Strategic Human Firewall approach to security awareness Building a culture of cybersecurity and situational awareness Practical steps to reduce organizational risk today Why cybersecurity is now a boardroom and leadership responsibility About Our Guest: Recognized as the media's go-to cybersecurity expert and creator of The Strategic Human Firewall™, Robert Siciliano is a private investigator, Certified Speaking Professional (CSP), and the CEO of Protect Now, LLC. As one of the nation's most trusted voices on cybercrime and identity theft, he has built an unparalleled media track record, appearing on over 500 television shows, contributing to over 1,000 radio programs, and being featured as an expert source in over 3,000 articles. A fierce advocate for personal and professional security, Robert is the architect of the CSI Protection certification and a bestselling author who strips away technical jargon to deliver "straight talk" solutions. His expertise is regularly sought by every major network—including CNN, Fox News, MSNBC, and The Today Show—where he empowers millions of viewers to protect their data, privacy, and wealth from modern threats. The Strategic Human Firewall™ moves beyond technical cybersecurity training to behavioral governance, acknowledging that software alone cannot stop AI-driven "perfect lies". It addresses the "Human Blindspot," a vulnerability where humans are hardwired to trust digital senses (eyes and ears) that AI now easily exploits. Grounded in the reality that "All Security is Personal," this approach defines security not as abstract compliance, but as fundamental safety—akin to physical security measures designed to prevent violence. Because nothing is more personal than an identity, when individuals learn to defend their personal lives against "Digital Frankensteins" or deepfake family emergencies, engaging in security in a professional environment becomes instinctive rather than forced. By translating these personal instincts into corporate habits, protecting company data is more achievable. Connect with Robert here: https://www.linkedin.com/in/robertsiciliano/ About the Host: Dave Bookbinder is known as a trusted provider for independent business valuations, corporate asset appraisals, and exit planning advisory and he is the person that business owners and their advisors reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.  Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.  He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.” Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.

SpaceX just made history, raising $75 billion in the largest IPO the stock market has ever seen, now trading on NASDAQ at a $1.8 trillion valuation. 7investing's Simon Erickson break downs what you actually need to know as an investor. The SpaceX empire spans X (formerly Twitter, 600M users), xAI (the Grok-powering AI infrastructure running out of the 2-gigawatt Colossus data center), and 10,000 Starlink satellites serving 10 million subscribers across 164 countries. The scale is genuinely unprecedented.But the numbers tell a more complicated story. SpaceX did $20 billion in revenue last year, pricing it at 90x trailing sales, and generated just $1 billion in Q1 operating cash flow against $10 billion in quarterly capital expenditures. The company is burning cash aggressively, and the entire long-term thesis rests on Elon Musk executing on missions no company has ever attempted: orbital data centers, Starship, and eventually a Mars colony. This isn't a software company where you flip a switch and double revenue. These are physical, capital-intensive bets measured in decades.Simon and Heather are both passing on the IPO. The key man risk alone, Elon simultaneously running SpaceX, Tesla (NASDAQ:TSLA), X, and xAI, is the largest concentration of founder dependency in stock market history. Tesla (NASDAQ:TSLA) fans know this playbook: extraordinary vision, breakthrough results, but timelines that consistently slip years past what Elon says publicly. Full self-driving still isn't there. Orbital data centers won't be either, at least not on the schedule the prospectus implies.Near term, Starlink is the real business the only one generating meaningful cash flow and it's what will sustain SpaceX while Elon bets big on everything else. Expect another capital raise in 2026 and again in 2027. The real question for investors isn't whether SpaceX can change the world. It probably will. The question is whether a $1.8 trillion valuation gives you any margin of safety while it gets there. Right now, Simon and Heather say no.Join the conversation on the 7investing discord: https://discord.com/invite/PT9ZQqdXXSWant access to all our investing content? Join at 7investing.com/subscribe Stocks & Companies Mentioned:SpaceX (NASDAQ: SPCX)Tesla (NASDAQ:TSLA)Rocket Lab (NASDAQ:RKLB)xAI — private (subsidiary within SpaceX conglomerate)X (formerly Twitter) — private (subsidiary within SpaceX conglomerate)OpenAI — private#SpaceX #SpaceXIPO #ElonMusk #Starlink #IPOInvesting #SpaceStocks #TechIPO #GrowthStocks #StockMarket #StocksToWatch #TechStocks #SpaceInvesting #InvestingIn2026 #7investing #Simonerickson

In this episode, Timothy Henry and Raj Sisodia welcome Stewart Kohl, Co-CEO of The Riverside Company, a global private equity firm known for its long-term, values-centered approach to investing.To see the full video podcast, check out the Conscious Capitalists YouTube channel hereDrawing on decades of experience, Stewart shares his powerful perspective on integrating values with valuation in the world of private equity, and what it takes to invest wisely during times of radical uncertainty. Stewart reflects on the discipline required to stay true to purpose while navigating shifting markets and evolving stakeholder expectations.The conversation also explores the practical realities of responsible investing, including the growing importance of employee ownership and stewardship. Stewart offers candid insights into what it means to lead consciously, build resilient businesses, and champion sustainable growth across diverse industries. Join us for a thought-provoking discussion that highlights the future of capitalism—and reveals why values-driven leadership remains one of the most powerful levers for long-term impact. If you enjoy this podcast, would you consider following the show on Apple Podcasts and Spotify. It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew "MoJo" Jones as Executive Producer, Nicholas Peters as Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajChapters00:00 Introduction and Responsibilities of an Investor03:19 Values and Valuation in Private Equity06:46 The Importance of Company Culture08:34 Navigating Radical Uncertainty10:31 The Role of Industry Expertise20:39 Responsible Investing and Stewardship30:04 The Importance of Conscious Growth30:25 Strategies for Healthy Business Growth30:45 Organic and Inorganic Growth Tactics31:53 The Risks and Rewards of M&A33:59 Employee Ownership and Its Impact36:26 Creating an Ownership Culture38:58 Empathy in Leadership46:28 The Role of Co-CEOs in Business51:47 Rapid Fire Round56:13 Final Thoughts on Conscious Capitalism

In today's episode, Bryan Reynolds sits down with Bill Waltenbaugh, Chief Appraiser at Nationwide Appraisal Network (NAN), about something that's been a hot topic for a while now in the appraisal space: short-term rentals. How do you appraise them? What do the lenders expect? What do the AMCs expect? Does anyone expect the same thing?Bill shares his wealth of knowledge on this topic, walks us through NAN's resources for appraisers, and talks about what the future of appraising STRs will look like. Don't miss this insightful conversation. 

Two big things you need to know:First, forward P/Es have generally been de-frothed, but haven't looked deeply compelling for the major US indices.Second, the valuation case for the broadening trade still has some room (Small Caps, certain cyclical sectors, non-US developed market equities), but requires close monitoring.

What happens when a property's agreed purchase price and the bank's valuation are tens of thousands of dollars apart? More importantly, who is right? In this episode, Certified Practising Valuer and Registered Tax Agent Belinda Botzolis joins us to unpack one of the most misunderstood areas of property investing: valuation.Drawing on more than 20 years of experience and over 15,000 property valuations, Belinda explains how bank valuations actually work, why they often differ from market expectations, and why valuers are increasingly under pressure to deliver reports faster and cheaper. We explore the rise of desktop valuations, the legal responsibilities valuers carry, and why many buyers misunderstand what a valuation is truly designed to measure.We also examine the risks facing off-the-plan buyers, how developers can create misleading perceptions of value, and why some investors discover at settlement that their property is worth significantly less than they paid. Belinda shares practical insights into challenging valuations, avoiding common property mistakes, and understanding where valuation and tax decisions intersect.Along the way, we discuss land tax assessments, capital gains tax considerations, proposed tax changes, and one surprisingly common mistake that can destroy a property's value: paying for bedrooms that don't legally exist. If you've ever wondered how property value is determined—or whether you're paying too much—this episode is essential listening.Episode Highlights01:36 - What Property Valuations Really Measure09:56 - Why Valuers Seem Conservative16:33 - Who Does the Valuer Actually Work For?20:17 - The Off-The-Plan Valuation Trap29:43 - Developer Pricing Tricks and Valuation Gaps32:40 - The Coming CGT Valuation Rush41:23 - Land Tax, Fake Bedrooms and Other Valuation MistakesAbout the GuestBelinda Botzolis is a Certified Practising Valuer and Registered Tax Agent with more than 20 years of experience across residential, commercial, development, and specialised property assets. Throughout her career, she has personally valued more than 15,000 properties representing over $12 billion in property value.Known for her ability to simplify complex valuation and tax concepts, Belinda has built a reputation as one of Australia's leading voices on property valuation. She is also Australia's most followed property valuer across social media platforms, where she is helping bring greater transparency, education, and public understanding to an industry that often operates behind the scenes.Through her media appearances, content, keynote presentations, and community engagement, Belinda is reshaping how valuation knowledge is shared and helping everyday Australians make more informed property decisions.Connect with BelindaWebsiteLinkedInTikTokInstagramResourcesVisit our website: https://www.theelephantintheroom.com.auIf you have any questions or would like to be featured on our show, contact us at:The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking for a Mortgage Broker? alcove.com.auWork with Chris: chrisbates@alcove.com.auEnjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word, and join us for more insightful discussions in real estate. Your journey starts now!Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719Subscribe on Spotify: https://open.spotify.com/show/3r0nnJrLUu3t1GpO7X3j6EIf you enjoyed today's podcast, don't forget to subscribe, rate, and share the show! There's more to come, so we hope to have you along with us on this journey!See you on the inside,Veronica & Chris

Sharemarkets have had a shake up over the weekend with the listing of SpaceX - but there's another warning about how high prices are going. Commentators have pointed out there's another measure by which stock prices are reaching very elevated levels. Money correspondent Susan Edmunds spoke to Ingrid Hipkiss.

La réforme annoncée de l'Agence pour l'enseignement français à l'étranger (AEFE) suscite beaucoup de remous dans les lycées français du monde. Une mission d'évaluation sur la situation budgétaire et les perspectives de cette agence a été confiée au député des Français de l'étranger Karim Ben Cheikh. Créée en 1990, l'AEFE dépend du ministère des Affaires étrangères et coordonne le réseau des 612 établissements d'enseignement français implantés dans 138 pays. Des précisions de Karim Ben Cheikh.   À lire aussiMaroc: des parents face à la hausse des frais dans les écoles de l'Agence pour l'enseignement français à l'étranger

Chief Asia Economist Chetan Ahya joins Head of India Research and Chief India Equity Strategist Ridham Desai to break down India's macro outlook, capital flows and sector opportunities.Read more insights from Morgan Stanley.----- Transcript -----Chetan Ahya: Welcome to Thoughts on the Market. I'm Chetan Ahya, Morgan Stanley's Chief Asia Economist.Ridham Desai: And I'm Ridham Desai, Morgan Stanley's Head of India Research and Chief India Equity Strategist.Chetan Ahya: Today, the biggest takeaways from our India Investment Forum in Mumbai. From the shifting outlook for India's markets and flows to the sectors driving the next phase of corporate earnings and CapEx.It's Friday, June 12th at 7PM in Hong Kong.Ridham Desai: And 4:30PM in Mumbai.Chetan Ahya: Ridham, the Morgan Stanley's India Investment Forum took place in Mumbai last week, and I was there with you. These events are a great opportunity to speak with investors who come across from the globe to attend. Now that we have had a few days to process the conversations, what stood out to you? What was the biggest shift in investor sentiment that you picked on?Ridham Desai: So, Chetan, I think it's been the case of a continuing story about India. Domestic investors look that they are bullish, and foreign investors continue to stay rather cautious on the Indian markets. We could see that in the overall attendance. In contrast, I think domestic investors were looking for the next stock that they wanted to buy. They were seeking opportunities, and there was a lot of interest in meeting companies.Before we get into markets, let me turn back to you from a macro side. India's growth story remains strong, but relative growth appears to be cooling. This is in contrast to markets like Japan, Taiwan, Korea, and the US. How should investors think about India's macro positioning in that context?Chetan Ahya: So, Ridham, when I look at the macro data in India, they're all indicating a meaningful upside in the growth trend. So I'll just cite two key cyclically sensitive macro data points. One is the banking system credit growth, and number two is the auto sales, particularly the passenger vehicle. So bank credit growth is growing as of the last biweekly data point that we got. It's growing at seventeen point seven percent year-on-year, and car sales are growing at twenty-seven percent in the month of May.But as you were mentioning earlier, the relative growth opportunity is a challenge for India and to just share the numbers on the earnings growth for the first quarter that we saw across the region. So we saw Korea's earnings growth at one hundred and seventy percent. We saw Taiwan's earnings growth at forty-eight percent year on year. Japan at thirty-three percent. The US has seen a growth of about twenty-seven percent year on year.So in that context, when India is reporting thirteen percent growth, it's becoming a challenge for investors to look for opportunities in India relative to other markets. Either they are more focused on the other markets than India. So let me come back to you, Ridham. Staying with the investment implications, India projects stable valuations and strong corporate earnings, but its relative growth advantage has narrowed. How should investors reconcile this contradiction?Ridham Desai: If I go back thirty-five years, as long as we have the MSCI index series, and as far as I have been in this industry, this is the lowest relative multiple that India has traded at. And indeed, growth last year was weak. But if you see QOQ, we have started to accelerate. The broad market earnings growth trajectory has shown a doubling in the quarter that ended March over the quarter that ended December.But it underscores the point you made about the relative growth complex. It's clearly not in India's favor. And a lot of the capital in the world is short-term oriented, and it cares for what growth is gonna come in the next quarter or two. And that's the state of the market right now.However, what I would say is that equities is a quintessential long-duration asset class. In the long run, what matters is terminal growth. I don't really think India's terminal growth has moved much. It remains far superior to a lot of other countries around the world. And therefore, I think this does present itself as a great opportunity for a long-term investor while the markets are digesting this relative growth disadvantage that India seems to have over the next, say, three or four quarters.Chetan Ahya: And Ridham, another theme from the forum was policy action to attract capital. Policymakers announced a number of measures right as our conference ended and they aimed to withdraw withholding tax on debt investors, also providing banks with an incentive to take up more dollar borrowing. How central are these measures to sustaining foreign inflows into Indian markets?Ridham Desai: I think the measures taken by policymakers are very important, probably amongst the most important policy actions this year. The removal of taxation on debt investors will make a difference. The provision for hedging to external commercial borrowings as well as to foreign currency deposits will make a difference.It should boost flows into India over the next twelve months. That said, these measures may not help the equity flows because the equity flows, I think, are going to depend on the relative growth situation. Now, there's only that much India can do to lift its growth. It may accelerate to the high teens. So growth elsewhere needs to decelerate for equity investors to return. Or India needs to see the start of a major IPO cycle because in primary issuances, foreigners do come to buy, and that may change the net picture on FBI flows in the equity markets.But as far as the debt markets are concerned, I think the measures taken last week are going to prove to be quite potent, and India should see the benefits accruing over the next few weeks and months.Chetan, from your perspective, how important is the policy backdrop right now in determining whether India can keep attracting long-term global capital despite more competitive returns elsewhere in the short run?Chetan Ahya: So Ridham, I think the key focus for the policymakers had been with these measures to boost short-term capital inflows to stabilize the currency. There has been a balance of payment deficit. So from that perspective, the short-term capital inflow augmentation effort as you mentioned, has been the correct move. But from the long-term perspective, we think that the government needs to boost competitiveness of the Indian manufacturing. Because in the context in which AI could affect India's services exports, there is a need to augment more export receipts from the manufacturing sector. At the same time, if they improve the competitiveness of the manufacturing sector, it will help India to attract more capital inflows from long-term investors for the purpose of FDI.And the good news is that the government is on it. They are taking a number of measures to boost that competitiveness in the manufacturing. But we think that there is more action needed and hopefully in the intention to improve the balance of payment dynamics and exports from manufacturing sector, we will see more actions from the government in the coming months.Ridham Desai: Chetan, you've also written extensively about the structural capital spending cycle in Asia and India. Can you walk us through the key details here, especially in the Indian context?Chetan Ahya: I think the key story that we are observing, it's sort of more or less global, but definitely very clearly seen in Asia, that there seems to be a super cycle for CapEx as well as industrial activity. This CapEx cycle is effectively driven by spending in four key sectors, and that is AI and AI-related digital infrastructure, energy, defense, and industrial onshoring-related CapEx.Now, as far as India is concerned, we are seeing investments in all the four segments that I just mentioned. In fact, it's seeing a significant amount of activity in the space of energy. And, similarly, we are seeing a lot of policy measures, I mentioned earlier, in terms of boosting manufacturing competitiveness.But at the heart of it is government's effort to onshore industrial supply chain. So India's CapEx has also inflected higher. Having said that, the difference between India and, let's say, North Asia, which is Korea, Taiwan, Japan and China, is that they are also a big player in the export market for capital goods when there is global CapEx cycle upswing happening. Nevertheless, India will see the benefit of this CapEx cycle in terms of its own growth push, as well as improvement in productivity.So Ridham, how would you think about the sectoral opportunity within the Indian markets?Ridham Desai: We see a lot of interest in some of these sectors which you mentioned. But actually, I would like to start off with financials. I see the banks in a very sweet spot. Balance sheets are in pristine condition. The interest rate cycle has troughed, which means margins for the banks have also bottomed and credit growth is finally accelerating. If this CapEx cycle unfolds like the way you are describing it, I think financials will stand to gain the most.And interestingly, the valuations are quite good, both on an absolute as well as on a relative basis. Also, of course, investors can go directly into those sectors which are doing this capital spend. Energy to start with, semiconductors, fertilizers, data centers and aerospace.The only thing to note here is that not everywhere are the valuations attractive enough because in some cases the market has recognized the coming growth cycle and has started to price that in. So we have to be careful about the valuations. But I think financials and industrials are clearly great opportunities in the context of this CapEx recovery that India is likely to see in the coming five years.Chetan Ahya: And additionally, the most requested companies at the summit, Ridham, were consumer sector companies. What do you think investors are looking for at this sector over others?Ridham Desai: So, Chetan, I think from a structural perspective, the Indian consumer is quite clearly the best place to be. In fact, I would say that it's the leverage that India enjoys over the rest of the world.The one point five billion people in this country are split across, say, a hundred and fifty cohorts of ten million each, and each of these cohorts have got different consumption opportunities. So depending on what product or service you're offering to your consumers, there's a market in India, and which in nominal terms is growing between ten and fifteen percent.As we know, last year India accounted for something around seventeen or eighteen percent of global GDP growth, which means depending again on what you are selling to your consumer, India could be between ten and hundred percent of your revenue growth. So India's consumer is something that hardly anybody can avoid.So in summary, Chetan, when I look at it from an investment opportunity, financials, industrials, and consumption, not necessarily in that particular order, are probably the best places for investors to look at. However, IT services, I think could be the dark horse. It's a sector right now which is disrupted or potentially disrupted by AI, and there's a lot of confusion there.But I think as the dust settles on this, it may emerge as one of the most interesting areas for investors to look at. So there's a lot of stuff in India happening right now. I think growth is accelerating. Valuations are looking quite interesting. In fact, the best that they've been in many, many years.Trading performance suggests that investors are not positioned at all. And if things start looking up, then India could be a very good market in the coming twelve months.Chetan Ahya: Ridham, thanks for taking the time to talk.Ridham Desai: Great speaking with you, ChetanChetan Ahya: And thanks for listening. If you enjoy our Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or a colleague today.

Elon Musk has built some of the most valuable companies on Earth, but how much of that success comes from innovation, and how much comes from a system that gives billionaires a different set of rules? As SpaceX's valuation soars and IPO speculation grows, we look at the regulations, government support, private market advantages, and exceptions that critics say helped fuel the Musk empire. Were the rules bent ? Here we go again with the back-and-forth on Trump's Iran War. Trump says a deal is imminent, but Iran says there's no final decision on that. It's contrary to what President Trump told reporters - that a settlement has been reached and a memorandum of understanding could be signed soon, likely in Europe. In keeping with that statement, Trump called off planned hard strikes on Iran. Meanwhile, there's word that Iran tried to strike commercial ships trying to get through the Strait of Hormuz and US officials shot down Iranian attack drones. The reports are conflicting from all angles. Is this part of Trump's strategy or does the Trump administration, once again, not really have a handle on what it's doing? We'll put the question to Michael Shure and Mo Kelly who join us for ‘This Week in Politics.' Then, it's all about weekend frivolity with a swing by the state of Florida to check in on the craziness and a look at movies with The Culture Blaster, Michael Snyder. Bring on the weekend! The Mark Thompson Show 6/12/26

In this episode, we break down the massive wave of M&A activity hitting the industry, featuring our returning guest, Chris Kolquist from Koliway LLC! With tons of headlines about large companies looking to acquire businesses, we dive into what it takes to survive the freight recession and come out on top. We also cover the impact of the recent SCOTUS ruling on carrier decisions, how to transition from a founder-led business to a scalable organizational structure, and the future for boutique brokerages utilizing AI and automation! If you want to know what makes a brokerage truly appealing to buyers and how to protect your life's work, you don't want to miss this conversation!   About Chris Kolquist Throughout his career, senior executive and strategic leader Chris Kolquist has been a catalyst in driving commercial growth, positive financial results, and maximum shareholder value in challenging and hyper-competitive markets. He has built a noteworthy reputation for understanding investments, delivering ROI objectives, managing massive change, and building highly effective cultures. In 2021, Chris launched Koliway LLC, an investment and advisory firm specializing in investments, M&A transactions, board service, and advisory executive logistics work. Chris began his career with Arthur Andersen, where he served as Senior Auditor from 1998 to 2001, conducting audits, M&A transaction support, and financial due diligence for buy-side and sell-side clients. He earned a Bachelor of Arts degree in Accounting from the University of St. Thomas in St. Paul, Minnesota in 1998 and obtained his CPA license in 2001 (now inactive).   Connect with Chris Website: https://koliway.com/  Email: ckolquist@koliway.com  

Fresh off a $10 billion valuation, the direct-from-manufacturer online retailer Quince is on a hot streak. It's been testing physical retail with pop-ups and expanding into new categories, from furniture to caviar. But while the company had no shortage of sales, what it was lacking was a coherent brand story. Dakota Kate Isaacs, formerly a senior director at The Ordinary, started at Quince in February as the company's first head of brand strategy and narrative. Her goal has been to help Quince build an emotional connection with its customers, for reasons beyond just the low prices that attract them in the first place. Isaacs spoke with senior fashion reporter Danny Parisi at the Glossy E-commerce Summit in Miami this month to discuss what strategies she's been adopting to build those relationships. "My goal is not to create a new story for the brand, but [instead] to articulate the story to everyone," she said. "The narrative around Quince often gets condensed just to price, but the price isn't the story. The price is the result of the system, and the system is the story." To that end, Isaacs has been pushing for more initiatives, including a recent furniture pop-up in Los Angeles. Isaacs said pop-ups allow new categories like fragrance and wellness to be introduced in a more comprehensive, aesthetically cohesive way, with accompanying imagery and branding. For example, another recent pop-up for its fine jewelry category was held in a coffee shop in Manhattan. "I'm working to tell the true story of the business," Isaacs said. "What makes this business unique is the technology and the system behind the business

Send us Fan MailWhile everyone's been fixated on the SpaceX IPO, Google quietly pulled off the largest equity offering in history—roughly $85 billion—and basically front-ran the entire market to do it. In this episode of The Skinny on Wall Street, Kristen and Jen break down why a cash-printing machine like Alphabet would raise money at all, and why they did it in the most fascinating way possible: a Berkshire Hathaway private placement at a discount, a common stock offering across Google's quirky three share classes, a $40 billion at-the-market program, and the structure that confuses almost everyone—the mandatory convertible.If you've ever nodded along to "convertible debt" but secretly wondered what the hell stock that converts into stock actually is, this one's for you. Kristen (the First Lady of Valuation herself) walks through exactly how a mandatory convert works—why the number of shares you receive is a moving target tied to the share price, how the conversion math plays out from zero to a 25% premium and beyond, and why Google layered on a capped call to claw back even more upside. Along the way, they get into book-runner drama, IPO fee structures, why Tesla loved these trades, and what it really signals when sophisticated issuers are dumping rich equity, rich volatility, and rich call skew onto a market full of bullish retail buyers.The bigger picture? This is the AI build-out narrative wearing a new outfit. With 100% CapEx deductibility on the table and a talent war driving nine-figure pay packages, the smart money is raising as much as it can, as fast as it can—and using the hype to do it on favorable terms. Tune in for a clear, no-jargon breakdown of one of the most interesting capital markets moves of the year. Want to go deeper? Check out our Investment Banking & Private Equity Fundamentals course taught by Kristen Kelley—20 years of Wall Street knowledge, yours for two years.Shop our Self Paced Courses:Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERESubscribe to our Substack: https://substack.com/@thewallstreetskinny

In this episode of Run the Numbers, CJ breaks down Bending Spoons' F-1 filing and the acquisition machine behind AOL, Evernote, Vimeo, Eventbrite, and more. He unpacks the company's playbook: buy under-optimized digital businesses, transform operations, raise prices, reinvest earnings, and repeat — while asking the core question: how much was built, and how much was bought?—SPONSORS:RightRev is an automated revenue recognition platform that lets your product team ship new pricing without asking finance for permission, and your sales team close deals without creating downstream chaos. Check out their free tool at calculator.rightrev.com It scores your rev rec process, shows what's exposing you to risk, and tells you exactly where to focus before it bites you in the rear end. Check it out at https://calculator.rightrev.comRillet is an AI-native ERP built for modern finance teams that want to replace NetSuite and close faster. With revenue recognition, close management, multi-entity support, and native Stripe and Salesforce integrations, Rillet helps scaling companies run their finance stack in one place. Hundreds of teams, including Windsurf and Mercor, use Rillet to make the zero-day close real. Book a demo at https://www.rillet.com/cjEY has been part of Silicon Valley since it was just a valley, helping the most successful names in tech go from startup to exit to megacap. With teams across strategy, tax, audit, and transactions, EY helps you get your financials right early, long before your investors start asking for it. You build the next big thing, and EY will help you build it right. Learn more at https://www.ey.com/techstartupsSpendHound cuts your SaaS and AI spend by up to 30% using real pricing benchmarks across 10,000 vendors, so you always know what fair pricing looks like before your next renewal. Rated #1 on G2 in SaaS spend management, it's free forever for teams up to 1,000 employees. Sign up by June 12th and get $500 just for getting started. Go to https://www.spendhound.com/cjBrex is an intelligent finance platform with AI-powered agents that capture expenses automatically, enforce policy before the spend happens, and close your books in minutes instead of weeks. 35,000+ companies like OpenAI, Coinbase, Anthropic, and DoorDash already run on Brex. It's time to get Brex AF. Learn more at https://www.brex.com/metricsAleph is a modern FP&A platform built for teams that want more than another planning tool. By connecting your ERP, CRM, and other systems into one trusted data layer with AI workflows, Aleph helps you move faster with real-time insights. Get a personalized demo at https://www.getaleph.com/run—LINKS: Mostly Talent: https://mostlymetrics.typeform.com/to/cLTxtAsNCJ: https://www.linkedin.com/in/cj-gustafson-13140948/Mostly metrics: https://www.mostlymetrics.com—TIMESTAMPS:0:00 What is Bending Spoons?1:03 The Internet's attic: the portfolio3:11 The metrics rundown5:44 Revenue: $1.3B, 95% growth6:04 82% of growth was bought, not built6:29 Gross margin: 66%6:50 Subscription mix and NRR7:33 Net income: basically zero8:00 Cash: $741M, debt: $4.4B8:35 Revenue per employee: $2.57M9:39 Sponsors — RightRev | Rillet | EY12:42 Organic growth is mostly price hikes13:50 A house of adjustments14:54 Add-backs bigger than the profit15:22 The reorganization line: cost of firing19:21 Sponsors — SpendHound | Brex | Aleph22:51 Does the playbook actually work?23:07 Evernote: the proof point23:45 Romini: the growth proof point24:10 AI in three directions at once25:45 The debt engine27:50 Red flag 1: material accounting weaknesses28:38 Red flag 2: pro forma numbers come with a confession29:00 Red flag 3: App Store dependency29:11 Red flag 4: no long-term contracts29:30 Red flag 5: foreign private issuer29:52 Red flag 6: they've never sold anything30:19 Cap table and board31:07 Valuation: 14–18x33:00 Bull vs. bear case33:55 Miscellaneous: the S1 is already stale35:25 Credits

One of the primary goals of estate planning is minimizing overall tax burden, and when dealing with large estates, the small details can make all the difference. Donna discusses one particular aspect of inheritance planning: the difference between using date of death vs alternate valuation date. Also on MoneyTalk, deciding whether to rollover your 401K, and planning for your first year of retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/8/2026; Original Air Dates: 1/8/2024 & 11/10/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.

Ray White speaks to Anton du Plooy, analyst at Ninety One, about SpaceX’s blockbuster IPO, its eye-watering $1.75 trillion valuation target, and the tension between its rapid growth in Starlink and launch services and the mounting losses driven by heavy AI investment and the integration of xAI as it positions itself for a future beyond Earth. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Liz Peek discusses SpaceX's $1.78 trillion IPO, questioning whether valuations for AI companies like OpenAI and Anthropic are sustainable. She notes that Starlink's profitability supports Elon Musk's moonshots. Despite inflation concerns, strong domestic private investment is currently driving U.S. economic prosperity while Europe struggles with over-regulation and high energy costs. (1)1954

Recorded LIVE at the HPX High Performance Expo, Charlotte NC, June 2026. Speaker Tony Whatley challenges owners to ask whether their company would grow if they disappeared for 90 days, arguing many entrepreneurs accidentally build high-paying jobs that buyers won't want. He explains that businesses with the same revenue can have very different valuations, from owner-dependent chaos (near-zero value) to profitable but messy operations (lower multiples) to a predictable "money machine" earning premium multiples. Valuation is built in the 2–3 years before a sale, yet only about 20% of listed businesses sell, often due to owner dependence and risk. Drawing on his ls1tech.com exit, he outlines six drivers of enterprise value: predictable revenue and diversified acquisition channels, documented processes and SOPs, reduced owner dependency via teams/KPIs/decision authority, KPI-driven management, building a brand beyond the founder, and cleaning up financials, contracts, and records to reduce buyer risk.   00:00 If You Vanish 90 Days 00:47 Three Business Valuations 03:20 Exit Timing and Odds 04:34 Founder Exit Story 05:39 Six Value Drivers 05:47 Predictable Revenue 10:18 Document Processes 14:19 Reduce Owner Dependency 18:22 Measure What Matters 21:45 Build a Sellable Brand 24:45 Clean Up for Buyers 29:37 Enterprise Value Scorecard

What is your trademark really worth?For many founders and small business owners, the honest answer is: “I have no idea, but I feel emotionally attached to the logo.” Fair. Building a brand takes effort, money, late-night decisions, and at least one moment where someone asks whether the font feels “too corporate but not corporate enough.”But trademark value is not based on feelings alone.In this episode, we break down trademark valuation in plain English. A trademark can be a name, logo, slogan, product name, service mark, or other brand identifier that helps customers recognize the source of goods or services. When that mark becomes recognizable, trusted, and tied to customer decisions, it can become a real business asset.That asset may matter during a sale, merger, acquisition, licensing deal, franchise expansion, investor conversation, enforcement dispute, divorce, bankruptcy, or internal strategy review. In other words, trademark valuation is not just for giant companies with skyscrapers and branding departments that use the word “synergy” without blinking.We explore the biggest factors that influence trademark value, including legal strength, distinctiveness, federal registration, ownership clarity, market recognition, customer trust, revenue connection, licensing potential, geographic scope, and risk.A distinctive trademark is usually easier to protect and often easier to value. Made-up, arbitrary, or suggestive names can be stronger assets than names that merely describe what the business sells. Descriptive names may be easy for customers to understand, but they can be harder to defend and may have less trademark strength.Registration also matters. A registered trademark does not automatically make your brand worth millions. Sorry, there is no “file once, become Coca-Cola” button. But registration can strengthen rights, support enforcement, improve transferability, and give buyers or investors more confidence.We also talk about ownership problems. If a contractor designed your logo, a former co-founder helped name the company, or a related business has been using the mark without clear agreements, the valuation may run into trouble. Buyers love clean assets. They do not love surprise ownership mysteries wearing a fake mustache.The episode also explains how market recognition affects value. If customers search for your brand, leave reviews, recommend you, renew services, follow your content, or choose you over competitors because they recognize the name, the trademark is doing economic work.Revenue connection is another major piece. A trademark becomes more valuable when you can show that it supports sales, premium pricing, customer loyalty, licensing income, referrals, or reduced acquisition costs. “People like us” is nice. “This brand drives measurable revenue” is much better.We cover common valuation methods too, including the income approach, market approach, cost approach, and relief-from-royalty method. That last one estimates what a company avoids paying because it owns the trademark instead of licensing it from someone else.You will also hear about business hazards that can reduce trademark value. These include inconsistent brand use, weak enforcement, genericness risk, infringement problems, unclear ownership, reputation damage, and overestimating value without evidence.This episode is especially useful if you are preparing to sell a business, license a brand, raise money, franchise, expand into new markets, clean up your intellectual property portfolio, or finally figure out whether your brand name is an asset or just a very confident label.That means choosing distinctive names, protecting important marks, documenting ownership, using your brand consistently, tracking brand-driven revenue, monitoring competitors, and treating your trademark as part of your business strategy.To chat about this one-on-one, grab a free consult at strategymeeting.com

In this episode, portfolio manager Steven Visscher covers how Mawer's balanced portfolios navigated 2025 and how they are positioned in 2026. With a war-driven energy shock on one side and an AI investment boom on the other, the market is pulling in two directions at once. Steven walks through what that means for asset mix, where the team is seeing signs of investor complacency, and why cracks in private credit could soon create a meaningful opportunity.   Key Takeaways: Two forces are competing for market direction in 2026: a war-driven energy shock from the conflict in Iran pushing inflation and rates higher, and a broadening AI investment boom driving strong earnings momentum across the global economy. AI capital investment has expanded well beyond the hyperscalers to include memory, storage, cooling, data centres, and electrical grid infrastructure, with more than 80% of S&P 500 Q1 reporters beating earnings expectations. Current positioning remains close to neutral at 60% equity, with a continued underweight to U.S. equities in favour of international and emerging markets. Valuations, interest rates, and investor psychology all support staying close to that neutral stance. Cracks in private credit are emerging through rising defaults and client redemption gating. The team is building global credit exposure gradually and is prepared to deploy capital more aggressively when a dislocation occurs. In an environment of competing forces and mixed signals, staying diversified, maintaining valuation discipline, and building portfolios that can withstand multiple scenarios remains the priority.   Host: Andrew Johnson, CFA Institutional Portfolio Manager Guest: Steven Visscher, CFA Investment Counsellor   This episode is available for download anywhere you get your podcasts. Founded in 1974, Mawer Investment Management Ltd. (pronounced "more") is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com. Follow us on social: LinkedIn - https://www.linkedin.com/company/mawer-investment-management/ Instagram - https://www.instagram.com/mawerinvestmentmanagement/

In this episode, host Hal Humphreys sits down with Jeff Bradford, Founder and CEO of Bradford Technologies, to discuss the evolution of appraisal software. For nearly 40 years, Jeff Bradford has been helping shape the technology appraisers use every day. Today, Hal and Jeff discuss his company's journey to GSE verification for UAD 3.6, why the company chose to build an entirely new platform instead of updating its legacy software, and what UAD 3.6 means for the future of appraisal reporting.Learn more about the Nighthawk application here: https://www.bradfordsoftware.com/nighthawk/Join us, Jeff Bradford, and the GSE's, and get your questions answered in Dallas: https://appraiserelearning.com/product/uad-3-6-bootcamp-dallas-tx-june-24th-26th/At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!You can find the video version of this podcast at http://www.youtube.com/@TheAppraisalBuzzcast or head to https://appraisalbuzz.com for our breaking news and written articles. 

The day of panic the stock market experienced last Friday is just a taste of what's to come, predicts financial advisor Jonathan Wellum.With so many asset prices stretched to historic extremes and so many macro risk factors currently circulating, heightened volatility is going to be the theme of the back half of 2026 says Jonathan."It's going to be a wild ride" from here, he warns.For all the specifics why, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#volatility #marketcorrection #commodities _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/wp-content/uploads/2023/12/Thoughtful-Money-Disclosure-Document-12.6.23.pdf?pid=227Thoughtful Money Agreement: https://thoughtfulmoney.com/wp-content/uploads/2024/11/Thoughtful-Money-Agreement-Agreement.docx?pid=227IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

If your business has multiple divisions or product lines, selling a piece of it — without selling everything — could unlock serious value. This episode breaks down exactly how carve-out transactions work, what makes them complex, and how to prepare before a buyer ever shows up. Walk away knowing what separates a smooth deal from an expensive mess. View the complete show notes for this episode. Want To Learn More?  M&A Reps & Warranties | A Complete Guide M&A Due Diligence Preparation Adjusting Financial Statements: A Complete Guide Additional Resources Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

FCC Grants Amazon Extension on Satellite Deployment Deadline, EU Rejects Apple's DMA Exemption Request, Delaying European Siri AI Rollout, and Instagram has Launched a Global Update Allowing Users to Manually Reorganize Their Profile Grids. MP3 Please SUBSCRIBE HERE for free or get DTNS shows ad-free. A special thanks to all our supporters–without you, none ofContinue reading "OpenAI has filed for a U.S IPO with a reported $1 trillion valuation – DTH"

Why do expensive corporate recognition programs, automated anniversary emails, and branded company swag so frequently fail to keep employees from walking out the door? In this episode, host Dave Bookbinder sits down with renowned psychologist, leadership expert, and bestselling author Dr. Paul White. Together, they pull back the curtain on the global phenomenon he co-authored with Dr. Gary Chapman: The 5 Languages of Appreciation in the Workplace (over 800,000 copies sold at the time of recording). Dave and Dr. White dive deep into the data-backed science of human motivation, drawing a sharp line between performance-based recognition and person-based appreciation. Whether you are managing a Fortune 500 team, navigating a complex family business, or leading a fully remote workforce, this episode provides the ultimate roadmap to drastically reducing turnover and boosting discretionary effort.

Companies like SpaceX, OpenAI, and Anthropic are expected to pursue public offerings at valuations that could rival or exceed the largest companies in history. The “Henssler Money Talks” hosts examine what trillion-dollar IPOs could mean for investors, why valuation still matters even when the business is extraordinary, and whether public investors will be participating in future growth—or paying for it upfront.Original Air Date: June 6, 2026Read the Article: https://www.henssler.com/the-difference-between-a-great-company-and-a-great-investment 

Okay, maybe it's partially for the reason you think: Obviously, we're all itching for a chance to speak face-to-face with the GSEs, software providers, and lenders to discuss the big UAD 3.6 shift that's happening this year. But there's more to it than that. Much more.Tune in as I sit down with the faces of Valuation Expo, Jim Morrison and Heidi Reuter, and they tell me what we can expect this August, why this year is so different from all the other ones, and they'll tell me a few of their favorite things about this annual conference. You can register for Valuation Expo here: https://www.valuationexpo.com/#register

BBC reporting put a potential SpaceX stock market move back in focus and raised questions about structure and timing. SpaceX has provided liquidity through secondary sales at high valuations without public disclosure. The launch business set a 2023 record with ninety six orbital missions and holds multi-year NASA awards for Commercial Crew and the Artemis Human Landing System. Starlink adds recurring revenue across consumer and enterprise segments, with margins tied to ARPU, equipment costs, and satellite replenishment. Listing options include a Starlink spin-off, a tracking stock, a traditional IPO, or a direct listing. Competitive pressure from Amazon's Project Kuiper and Eutelsat OneWeb and policy risks will affect valuation. A public debut would influence employee liquidity, mutual fund marks, supplier multiples, and late-stage private market pricing.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

With the World Cup imminent, it's no surprise to see a flurry of transfer news. Even Everton are getting in the mix. Matt and Paddy look at the links to Hayden Hackney and the current state of play. Everton want him, he wants Everton, but is there too big a chasm in terms of Middlesbrough's valuation of the player? We also analyse Vitalii Mykolenko's new deal. It's a three-year contract for the left-back - is that the right decision? We finish with thoughts on the Friedkin Group after 18 months at the helm. Do we want to hear more from them? And how ambitious are their plans for the club?

Are you a founder looking to scale your business without falling into the valuation trap? In this episode, Jim Ferry, partner at Volition Capital breaks down the shifting landscape of growth equity and why staying ahead of AI is no longer optional for modern leaders. Jim shares his unique journey from analyst to partner at a 2 billion dollar growth equity firm. He explains the difference between early stage venture and late stage buyouts, highlighting why capital efficiency is the key to sustainable success in today's unpredictable market. We dive deep into how AI is creating a divide between the haves and the have-nots in the startup world. Learn why hardware enabled software is back in favor as a moat against AI and how pure SaaS models must adapt their pricing and workflows to survive the disruption of frontier models like OpenAI and Anthropic. Jim also offers crucial advice on founder and investor alignment. Discover why the highest valuation isn't always the best deal and how to avoid the common pitfalls that can leave founders with significant dilution after a massive exit. Whether you are an entrepreneur or a risk manager, these insights will help you navigate the next evolution of technology and capital.  If you found these insights helpful, make sure to subscribe and hit the notification bell for more deep dives into risk management and growth equity strategy.

In this week's episode of WSJ's Take On the Week, co-hosts Miriam Gottfried and Telis Demos break down the unconventional lead-up to the SpaceX IPO. They examine the rocket maker's choice to propose a single price of $135 a share this past week, rather than a range, which set the valuation at around $1.77 trillion. The hosts also discuss the number of shares being offered to retail investors and the broader IPO boom—including Anthropic and OpenAI—that is poised to impact passive index investors. After the break, they are joined by NYU Stern School of Business professor Aswath Damodaran, widely known as the "Dean of Valuation" or the "Valuation Guru." Damodaran dissects SpaceX's estimated more than $28 trillion total addressable market, calling the around $26 trillion portion tied to AI more of a "wish than an expectation." He talks about the risks of investing in a founder-controlled company like SpaceX, where Elon Musk retains the majority of the voting rights due to its share structure. He also explains why momentum for the company's stock could matter more than valuation. This is WSJ's Take On the Week where co-hosts Telis Demos, Heard on the Street's banking and money columnist, and Miriam Gottfried, WSJ's investing and wealth management reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading A Guide to Buying SpaceX Shares via Your Brokerage Account  Why It Matters if OpenAI or Anthropic Wins the IPO Race Terms Revealed for SpaceX's Unconventional $75 Billion IPO Alphabet's $80 Billion AI Fundraising Push Shows the Value of Being a Public Company S&P 500 Won't Change Rules for SpaceX  FTSE Russell Latest to Make U.S. Index Inclusion Easier Ahead of SpaceX IPO  SpaceX IPO Could Start a Great Divergence in Index Returns  Morgan Stanley Sees SpaceX's Revenue Reaching $3.4 Trillion in 2040 For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard on The Street Column, and WSJ's Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter. Follow Miriam Gottfried here and Telis Demos here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Detroit fans wanted answers on Myles Garrett and why the Detroit Lions were not in the middle of it. The conversation laid out a tight timeline, guarded intentions, and a market that only cracked open very late. It was not an open auction. It was a narrow window. Why Detroit Stayed Quiet The show framed the local frustration clearly. People in Detroit felt miffed that the Lions were not involved or did not appear to be. The discussion pushed back. At the combine, the response to any Garrett inquiry was simple. Nothing had changed. The Browns were not moving him. That posture held until very recently. The message to other NFL teams was firm. There was no plan to trade Myles Garrett. Without a signal from Cleveland, there was no reason for Detroit to force a market that did not exist. The Browns' Playbook for Leverage Why the late shift? The Browns wanted options, not a fire sale. Trading a player like Jared Verst was used as the example of rarity. A rookie contract edge rusher with two years of All Pro play and a Defensive Rookie of the Year on the shelf does not get moved. Valuation on that archetype ranged wildly. First and a third. First and a second. Two firsts. Maybe four. That spread underscores how unusual this type of deal would be. The front office approach was explained as aggressive and win focused, not a tear down. They pushed big money back to keep doors open in case a trade surfaced. They also explored whether the NFL would allow five years of future picks instead of three. That ask served two purposes. Maximize what could come back in a Garrett deal. Preserve flexibility to go get a quarterback like Arch Manning as a hypothetical, even if one of the picks landed as far out as 2032. Who Actually Knocked The market finally stirred. The Los Angeles Rams were very aggressive. The Philadelphia Eagles were communicative. The Dallas Cowboys were mentioned. That is where the real dialogue lived late. It tracks with why the Lions did not make noise. The window opened fast and selective. The Browns' valuation was unconventional and steep. Put together, the NFL puzzle looked like this. No movement at the combine. No real plan to trade. Then a late-stage effort to expand trade mechanics and push money around. Only a few teams engaged with the nerve and the capital. Detroit kept its powder dry while the Browns tested the ceiling of leverage. #detroitlions #lions #detroitlionspodcast #mylesgarrett #clevelandbrowns #jimschwartz #drewpetzing #garretttrade #denzelward #petzingscheme Learn more about your ad choices. Visit megaphone.fm/adchoices

Every investor faces the same challenge: distinguishing excitement from opportunity, learning lessons from your mistakes, and separating short-term impulses from long-term strategy. In this episode, we tackle all three as we examine the next wave of mega-IPOs, share financial lessons learned firsthand, and discuss why sticking to a plan can be harder—and more important—than it sounds.Companies like SpaceX, OpenAI, and Anthropic are expected to pursue public offerings at valuations that could rival or exceed the largest companies in history. We'll examine what trillion-dollar IPOs could mean for investors, why valuation still matters even when the business is extraordinary, and whether public investors will be participating in future growth—or paying for it upfront.Next, we shift from market theory to personal experience. The team shares some of the financial lessons learned firsthand—from debt that lingered longer than expected to missed opportunities created by saving too little, too late. It's a candid conversation about the mistakes, miscalculations, and course corrections that helped shape a healthier approach to money.Finally, we discuss one of the most important and often overlooked aspects of the adviser-client relationship: staying aligned with the plan. We'll explore the procedures designed to help protect investment accounts, the roles advisers and custodians play in account oversight, and why even well-intentioned portfolio changes can sometimes work against long-term goals when made without coordination.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — June 6, 2026  |  Season 40, Episode 23Timestamps and Chapters6:22: The Most Expensive IPOs Ever37:52: Lessons Learned the Hard Way54:51: Trust the Plan—or Tinker With It?Follow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.See important disclosures at Henssler.com

OpenGolf tourney tomorrowChoking. Heimlich maneuverUS Bank Fees$12.50 per $50. That is 25% instantlySo $1000, is 20 * $12.50 = $250. + interest.Reinstate the SATMore than 1,100 University of California math and science professors are urging UC regents to reinstate college-entrance exams, saying that unprepared students are lowering academic standards and draining teaching resources.Today, more than 90% of schools don't mandate the exams, Feder said.60 minutesWelcome to real life Scott Pelley. New boss, new style. Work or walk. Recommendations: Bill Ackman Sara Frier Finance folks should know Codex (previously Excel)PanthalassaMarkets: Huge correction today.  Tech down 5%+ and S&P500 2.6%. The losses intensified after a robust jobs report raised new worries that the Federal Reserve may need to raise interest rates later this year to fight inflation.S&P 500 still up 27% and tech 40-60% YoY. Huge IPOs coming: SpaceXAnthropic OpenAICash. Think about your cash investments. Cash is nice Owning your home is nice. AI & DatacentersGoogle to raise $85 billion Anthropic IPOIn May, Anthropic raised $65 billion in new funding from investors including Greenoaks, Dragoneer, Altimeter Capital and Sequoia Capital, in a round that valued the company at $965 billion. At the same time, the company said its revenue run-rate had surpassed $47 billion, up from $9 billion at the end of 2025LLM usageGrok: no bueno.  Grok and Spreadsheets.  Oh my.Gemini. Good. Claude: BEST. BTW, OpenAI was suspiciously very negative on SpaceX. SpaceX Going public ~June12. Next Friday!? $75b raise at $1.75T valuation.  Float is ~4-5% of total shares $10-18b must be purchased by index funds. More coming out in next 6 months. Employee lockups. Cap table investors want liquidity.Great detail here from Alexandra  IPO EducationHire IB's.  Allocate to VIPs and whales. 5% to retail.Valuation Over-valued? Valuation is highly relative to time!!!?? $135 price. $300 price? Either way 10-20x in 10 years.  Not investment advice.AI OpportunitySpaceX is becoming an AI infrastructure play!!Another Rental of Compute from Google to SpaceX.  Anthropic and Google are now paying @SpaceX a combined $2.17 billon per month for compute capacity. That's a revenue run rate of $26 billion per year. BIG MONEY.Jamie Dimon Interview of Elon.   Elon and Dimon  Another link here from Why SpaceX public now. Play at 4:00min mark: Why fundraising. Embarking on significant growth phase. 100,000 satellites. BTW. Why are datacenters hard if already doing satellites. 100x more bandwidth and ½ latency for v3. He just said that Starlink will be highest bandwidth and lowest latency or ANYTHING!! AI Datacenters in space. Massive capital endeavor. Hard to build power in the US or on land. US usage is 500GW.  To double. Would need to 2x # of power plants. BUT if in space can go far beyond EarthManufacturing on the moon and building beyond 1000TW per year of AI Space ComputeDataCenters in SpaceEasier than their communication satellites. AI datacenter is EASYElections: Why does it take so long to count votes? Could take weeks? 

Liz Ann Sonders and Collin Martin discuss the recent wave of IPO hype and the surge in investor interest driven by high-profile listings and large valuation headlines. They explain why headline market caps can be misleading, emphasizing the importance of float-adjusted valuations and how much stock is actually available to public investors. Despite attention-grabbing figures, the impact of these IPOs on major indexes like the S&P 500® may be smaller than many assume. Liz Ann and Collin discuss how potential changes to index inclusion rules, including shorter eligibility timelines and flexibility around profitability requirements, could alter how quickly newly public companies enter major benchmarks. In addition, they highlight structural dynamics such as lockup expirations and the gradual increase in share float over time, which can influence trading behavior well after the initial offering. Behavioral factors also play a central role in the discussion. Liz Ann revisits the risks of speculative investing, noting how FOMO and a "casino-like" market environment can lead investors to chase IPO hype rather than consider long-term portfolio fit. They stress the importance of discipline and context when evaluating new investment opportunities. The conversation then shifts to the broader macro backdrop, including the Federal Reserve's policy outlook and recent movements in the bond market. Collin outlines the Fed's likely wait-and-see approach amid rising inflation, noting that while the balance of risks has shifted, a single rate move may not signal a broader trend. They also discuss the potential impact of Fed decisions on long-term yields and overall market stability. Finally, Liz Ann and Collin preview upcoming economic data releases, including inflation reports, labor market indicators, and sentiment surveys, and discuss what they'll be watching in the week ahead. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see ​schwab.com/indexdefinitions (0626-THZL)   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Daniel Mahncke and Shawn O'Malley take a deep dive into Wix.com — the Israeli website-building platform whose investment case now turns on two of the most debated questions in the stock today: whether the generative-AI wave that lets anyone spin up a site from a text prompt is the end of Wix or whether Wix is too sticky, and whether the Base 44 acquisition — Wix's bet on AI-powered app generation — is the next leg of the story or a distraction from the SMB infrastructure business the company already dominates. IN THIS EPISODE YOU'LL LEARN: (00:00:00) Intro (00:01:32) How Wix was founded (00:21:35) Why clients keep using Wix (00:28:05) How much of WIX is actually vulnerable to AI (00:37:07) Why Wix is more sticky than it seems (00:38:24) Whether vibecoding is likely to disrupt drag-and-drop website building (00:46:54) Why Base44 could change the entire investment case (01:06:24) How Wix could survive and turn into a multibagger (01:09:21) Valuation discussion of Wix (01:13:26) Whether Shawn and Daniel add Wix to the Intrinsic Value Portfolio BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Track ⁠⁠⁠⁠The Intrinsic Value Portfolio⁠⁠⁠⁠. Portfolio Review Submit Tool. Value Investor Club Article. Chit Chat Stocks w/ Manuel Cunha. Future Investing Interview w/ Manuel Cunha. Rene Sellman Substack Article. Manuel Cunha Substack Article. Previous Intrinsic Value breakdowns: Figma, Microsoft, Salesforce, Adobe. Follow Shawn on ⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠. Follow Daniel on ⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses through ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out ⁠⁠⁠⁠⁠⁠⁠⁠The Investor's Podcast Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠sponsors⁠: Plus500 Netsuite Shopify Vanta References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Brian Szytel recaps a market recovery day after a prior sell-off, with the Dow up 874 points, the S&P modestly higher, and the Nasdaq slightly lower due to a broad semiconductor decline led by a major custom AI chipmaker falling about 15% despite revenue growth of roughly 200% year over year, as guidance failed to meet lofty expectations. He puts the AI boom in context, citing about $1 trillion in annual hyperscaler and global AI capex—far exceeding the late-1990s fiber buildout pace—and notes additional spending needed in utilities to power data centers, emphasizing the U.S. lead in capital and scale. He warns that parabolic charts and IPOs priced at extreme revenue multiples require discipline, and argues this environment favors active management and diversified allocations beyond AI stocks. He also notes higher-than-expected initial jobless claims (225k vs. 215k) and a downward revision to U.S. productivity (0.3 from ~0.6). 00:00 Welcome and Market Recap 00:34 Semiconductor Selloff 01:55 AI Capex Boom 03:43 Valuations and Fundamentals 04:53 Active Management Case 06:04 Economic Calendar Check 06:27 Sign Off and Disclosures Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

AGENDA: 00:00:00 — Private Markets Are "F***ing Done" & The Shift to Heavy CapEx 00:00:46 — Anthropic Files to Go Public  00:04:59 — Will the Anthropic IPO Break the Startup Ecosystem? 00:06:22 — The "Billion-Dollar Position" Era: VCs Reset Their Expectations 00:18:11 — The Trillion-Dollar Cash Grab: Google, SpaceX, and OpenAI Rush the Queue 00:23:15 — Is the SaaS Apocalypse Over? Bouncing Off the Bottom 00:25:34 — The Death of Human Per-Seat Licenses as Multiples Shift 00:27:18 — Winners vs. Losers: How Agentic Focused Products Captured the Market 00:30:26 — Cognition Raises $1 Billion at a $26 Billion Valuation 00:33:04 — Token Budgeting Panic Hits Corporate America 00:35:46 — Multi-Model Workflows and the Future of Cost Containment 00:41:20 — Choosing Tokens Over Humans: The 2027 Engineering Reality Check 00:46:42 — Can Large Companies Survive Slashing One-Third of Their Engineering Talent? 00:57:40 — Big Law Flex: Kirkland & Ellis Pledges $500 Million to Build In-House AI 01:01:21 — Giving Away the Crown Jewels: Will Firms Trust Claude? 01:08:44 — Robinhood's AI Move: Automating Financial Planning vs. Beating the Market 01:16:15 — Apollo Warns PE Software Returns Are About to Be Disastrous 01:19:15 — $10 Billion Carry Pools: Will VC Winners Quit the Game? 01:24:10 — The 9-9-6 Work Ethic: Performative Theatre or Startup Reality? 01:30:10 — The Great Valley Contradiction: Working 24/7 to Automate White-Collar Work  

ChatGPT Hits 1 Billion Global Monthly Users in Record Time, Google Offers Publishers AI Overviews Opt-Out in Search Console, and Meta Oversight Board Demands Transparent Appeals and AI Penalty Oversight. MP3 Please SUBSCRIBE HERE for free or get DTNS shows ad-free. A special thanks to all our supporters–without you, none of this would be possible.Continue reading "SpaceX Sets IPO Price at $135, Targeting $1.75 Trillion Valuation – DTH"

The Information's San Francisco Bureau Chief Jason Dean talks with TITV Host Akash Pasricha about Meta's internal plans to charge up to $200 a month for its premium AI agent, Hatch. We also talk with Helion Energy Founder and CEO David Kirtley about the nuclear fusion company's new $465 million funding round at a $15.5 billion valuation, Netskope CEO Sanjay Beri about the cybersecurity market's growth deceleration and using Anthropic's Mythos model to spot code vulnerabilities, and Snowflake Chief Data and AI Officer Anahita Tafvizi about the enterprise launch of its newly rebranded CoWork and CoCo tools. Finally, we get into the systemic shift from open academic research to closed frontier AI laboratories with our Applied AI reporter Laura Bratton.Articles discussed on this episode: https://www.theinformation.com/newsletters/ai-agenda/billionaire-databricks-perplexity-co-founder-pitches-ai-researchers-work-big-techhttps://www.theinformation.com/articles/fusion-startup-helion-nearly-triples-valuation-15-5-billion-thrive-led-roundhttps://www.theinformation.com/articles/meta-looks-charge-200-month-planned-hatch-ai-agentSubscribe: YouTube: https://www.youtube.com/@theinformation The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agendaTITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Follow us:X: https://x.com/theinformationIG: https://www.instagram.com/theinformation/TikTok: https://www.tiktok.com/@titv.theinformationLinkedIn: https://www.linkedin.com/company/theinformation/Chapters:00:00 - Introduction01:13 - Meta's $200/Month AI Agent Hatch08:26 - Helion Energy Raises $465M for Fusion16:10 - Netskope CEO on AI Growth & Anthropic Mythos27:36 - Snowflake Launches CoWork and CoCo AI Tools34:26 - Databricks Co-Founder on Open AI Research

SpaceX eyes a valuation of almost $1.8tn at its listing next week. It has marketed more than half a billion shares at $135 which will make it the largest IPO of all time. The U.S. equity markets end a five-day winning streak with oil falling back. Renewed tensions in the Gulf come as negotiators attempt to broker a ceasefire agreement between Israel and Lebanon. Israeli PM Benjamin Netanyahu tells CNBC that Lebanon must be demilitarized to ensure a lasting peace. Disappointing revenue forecasts from U.S. chip designer Broadcom sees investors sell off aggressively. Its market valuation shed $300m to put it on course for one of the biggest single-day wipeouts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Andrew, Ben, and Tom discuss the SpaceX IPO targeting a $1.75 trillion valuation with a record $75 billion raise pricing next Thursday, historical data on how mega-IPOs perform and float dynamics, the anomalous JOLTS job openings jump in the West, today's ISM Services and Fed Beige Book releases, and the USTR's new Section 301 tariffs of 10-12.5% on major trading partners including Canada, the EU, Mexico, China, and the UK tied to forced labor.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

Manchester United want Lewis Hall - and while their valuation is well off, it served as a painful reminder to the battle Newcastle United face this season when it comes to keeping their biggest stars. --- As always a big thanks to our sponsors NORD VPN and Saily - two products that will enhance your travel abroad. NORD VPN providing the safety and security you need while browsing, and Saily giving you that affordable e-sim and network coverage. You can get discounts by hitting up the links in the description box. EXCLUSIVE NordVPN Deal ➼ ⁠https://nordvpn.com/toon⁠ Try it risk-free now with a 30-day money-back guarantee

In this episode of The Cannabis Conversation, we sit down with Finn Age Hänsel, Founder and Managing Director of Sanity Group, one of Europe's most influential cannabis companies.Finn shares the remarkable journey behind building Sanity Group into a leader in the European cannabis market, from raising some of the industry's largest investment rounds to navigating Germany's rapidly evolving medical cannabis landscape and ultimately securing a strategic investment from British American Tobacco (BAT) and a landmark acquisition by Organigram.We discuss:

What separates companies that thrive from those that slowly lose relevance? Often, it comes down to strategy - not just having a plan, but developing the insight and discipline to make better decisions over time. In this episode of Behind The Numbers With Dave Bookbinder, Dave speaks with strategy expert Rich Horwath, founder of the Strategic Thinking Institute, about what it really means to “be strategic” in today's business environment. Rich explains why strategy is not the same as goals, planning, or tactics, and shares his definition of strategy as “possessing insight that leads to advantage.” The conversation explores the biggest reasons strategy breaks down inside organizations, how leaders get trapped in tactical thinking, and the warning signs that indicate a company may be operating without true strategic direction. Rich also introduces his framework built around acumen, allocation, and action - and explains how leaders can apply it to improve decision-making and long-term performance. Dave and Rich discuss the connection between strategic clarity and enterprise value, the role of tradeoffs in leadership, lessons from companies like Blockbuster, and how AI may accelerate both opportunity and competitive risk. Rich also shares practical habits leaders can implement immediately, including insight journaling, accountability around learning, and creating a shared language of strategy across the organization. To learn more about Rich Horwath, visit Strategy Skills or connect with Rich Horwath on LinkedIn. Subscribe to Behind The Numbers With Dave Bookbinder on your favorite podcast platform so you never miss an episode. If you enjoyed this conversation, please share it with your network and leave a review—it helps more business owners and advisors discover the show! About Our Guest: Rich Horwath is the founder and CEO of the Strategic Thinking Institute where he serves leadership teams as a strategy workshop facilitator, strategic executive coach, and keynote speaker. His mission is to help executive teams think, plan, and act strategically to set direction, create advantage, and achieve their goals. Rich is a New York Times, Wall Street Journal and USA Today national bestselling author of eight books, and his work has been featured in publications including Fast Company, Forbes, and the Harvard Business Review. He has been described by Chief Executive Magazine as “the world's foremost expert on strategic thinking.” As a former chief strategy officer and professor of strategy at the graduate level, he is able to bring a practical, real-world approach based in strong foundational principles to help executives develop their strategic capabilities. Rich has appeared on ABC, NBC, CBS, and FOX TV to share his perspectives on current business strategy issues. In addition to his work facilitating strategy workshops for leadership teams and providing executive coaching services and strategic counsel, he is a highly sought-after keynote speaker for groups ranging from 10 to 10,000. Rich has helped more than a quarter million leaders around the world develop their strategic capabilities in pursuit of his vision to teach the world to be strategic. About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and their advisors reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.    Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.    He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.” Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.  

Is your chiropractic practice actually a sellable business, or have you accidentally built yourself a job? In this follow-up conversation on preparing your practice for sale, Dr. Lauryn sits down with Dr. Jay LaGuardia to unpack the numbers, systems, and blind spots that determine whether a clinic becomes a valuable asset or quietly closes its doors.Together, they break down EBITDA, practice valuation, multipliers, profitability, private equity, succession planning, and why gross revenue alone does not determine what your practice is worth. Dr. Jay also shares why chiropractors need to increase their financial IQ, how strong systems and predictable cash flow raise practice value, and why waiting until you're tired, injured, or ready to retire may cost you hundreds of thousands of dollars.Key Takeaways:Your practice valuation is based on profitability, predictable cash flow, systems, team, brand, and future earning potential—not just gross revenue. A high-revenue practice can be worth less than a smaller, more profitable clinic if the business fundamentals are weak.EBITDA and multipliers are essential concepts for chiropractic practice owners to understand before they ever think about selling. The stronger your systems, documentation, team, cash flow, and patient base, the stronger your multiplier can become.Chiropractors need to start preparing for succession three to five years before they plan to exit. Illness, disability, burnout, and unexpected life changes can destroy practice value quickly if there is no plan in place.Financial IQ and business IQ are no longer optional for clinic owners. Learning how to read a P&L, understand payroll metrics, and make decisions from abundance instead of scarcity can dramatically change the future of your practice.Guest Bio:Dr. Jay LaGuardia has been an entrepreneurial enthusiast for more than 45 years, beginning his first business journey at just 12 years old. Over the course of his career, he has opened 18 companies across multiple industries, including chiropractic offices, coaching companies, real estate development, fitness studios, podcasting, and more. He is also an Amazon bestselling author and the founder of Triple P Life, where he helps entrepreneurs build thriving, profitable businesses while also pursuing peak health, strong family lives, and long-term personal fulfillment.Contact Dr. Jay directly drjay@tripleplife.comFind resources and ways to work with Dr. Jay at Triple P LifeFollow Dr. Jay on InstagramResources:Follow Dr. Lauryn: Instagram | Facebook | LinkedInFollow She Slays on YouTubeMentioned in this episode:To learn more about CLA and the INSiGHT scanner go to the link below and enter code SHESLAYS when prompted.CLAHolistic Marketing HubWant to attract ideal patients to your clinic? No time to utilize your clinic's social media pages? Holistic Marketing Hub teaches you (or one of your team members) exactly how to use your clinic's Instagram account to find and attract those patients in your community. Use code "SheSlays" to get $300 off!Holistic Marketing HubGo from surviving to thriving with Genesis Chiropractic Software. Learn more and get your special discount using the link below!Genesis Chiropractic Software

Nico Laqua is the Co-Founder and CEO of Corgi Insurance, an AI-native insurance carrier built for startups. Corgi is the most intense workplace culture in America. The team works 7 days per week. The founder sleeps in the office. ⅔ of the first 30 team members have a Corgi tattoo. This week, Corgi raised $106M, valuing the company at a whopping $2.6BN.  AGENDA:  06:35 Why going to university was a massive waste of time  09:42 Why we work seven days a week  11:58 Why we do work trials and how that is a test of people's stamina  18:41 Why we created a cafe in the biggest annoyance with San Francisco  22:00 Why I am so bullish on London  23:49 Why I haven't sold a single secondary  24:19 Why people who found companies in New York prioritise dating over their company  30:46 Biggest lessons on cash comp and equity  31:13 Team members can be split into three separate groups  34:59 Biggest lesson from Brian Chesky on price  35:44 What is the right amount of time to be fundraising for?  36:47 Good companies get deals done and what makes the best venture investors?  40:34 Why AI makes sales and marketing more valuable  43:12 Why I don't like boards and I don't think they're effective  46:19 What I would like to see more of from venture funds  48:05 Who was Corgi's first believer?