Podcasts about valuations

Kenorland Minerals CEO Zach Flood comments: “The maiden mineral resource estimate (2.55 Moz Gold @ 5.47 g/t) of the Regnault gold deposit firmly underpins the value of Kenorland and our 4% NSR royalty. Achieved in under five years from grassroots discovery, at a low discovery cost of roughly $20 per ounce, Regnault has emerged as a high-grade, multi-million-ounce gold deposit that remains wide open for expansion. Discoveries of this magnitude are rare and given the relatively modest amount of drilling completed to date, substantial upside potential remains. We're immensely proud to have reached this milestone in close collaboration with our partners at Sumitomo and look forward to their continued leadership of the Project moving forward. The Frotet Royalty now stands as one of the highest-quality royalty assets in the junior sector and will continue to be a clear driver of long-term value for Kenorland shareholders.” Kenorland looks to identify gaps in exploration maturity within prospective districts based on large scale compilation and integration of geological, geochemical and geophysical data. Kenorland's management team and advisors have extensive experience in project and target generation from continent-wide area selection to deposit scale exploration across the globe. Combining the team's extensive exploration experience with an integrated approach places Kenorland in an optimal position to generate shareholder wealth through JV partnerships, generated royalties, equity positions and new discoveries. https://www.kenorlandminerals.com/ TSXV: KLD | OTCQX: KLDCF | FSE: 3WQ0 0:00 Intro 00:47 Maiden Regnault Mineral Resource Estimate 01:06 Exploration and Joint Ventures with Sumitomo 03:49 Valuation and Market Response 05:31 Future Prospects and Developments 09:25 South Uchi Project 11:10 Financial Position and Partner Funding 15:53 Closing Remarks Press release discussed: https://www.kenorlandminerals.com/news/2025/kenorland-minerals-reports-maiden-inferred-resource-of-145-mt-at-547-gt-au-for-255-million-ounces-at-the-frotet-project-quebec-where-it-holds-a-4-nsr-royalty Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Sponsor Kenorland Minerals paid Mining Stock Education a United States dollar ten thousand per month coverage fee. Kenorland's forward-looking statement found in the company's presentation applies to the content of this interview. MSE offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE's owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode, we break down how vibe-coding startup Lovable secured a massive $330M funding round at a $6.6B valuation and what that says about investor appetite for developer-first AI tools. In this episode, we explore what “vibe-coding” actually means, why Lovable is scaling so fast, and how this raise could shape the future of software creation.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustleSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episode: Simply Trade #413 Hosts: Andy Shiles & Lalo Solorzano Guest(s): Alex Martin, Transfer Pricing Specialist, KBKG Published: December 18, 2025 Length: ~37 minutes Presented by: Global Training Center Episode Summary Tariffs have changed everything — and many companies are still missing the second-order effects. In this episode, Andy and Lalo sit down with Alex Martin of KBKG to unpack one of the most misunderstood (and increasingly risky) intersections in global trade: transfer pricing and customs valuation. As tariffs rise from single digits to 25%, 50%, and beyond, decisions once made solely by tax or finance teams now carry massive customs consequences. Alex explains how multinational companies are getting “whipsawed” between Customs and the IRS — one pushing values up for duty, the other pushing values down for income tax. This conversation makes one thing crystal clear: customs, tax, finance, and compliance can no longer operate in silos. Whether you're an importer, trade compliance professional, CFO, or tax leader, this episode highlights why cross-functional coordination is now essential — not optional. Key Takeaways Transfer pricing impacts both customs duties and income tax — often in conflicting ways Rising tariffs have turned valuation into a material financial risk, not an academic exercise Customs looks at transactions line-by-line, while tax authorities focus on annual results CFOs and tax directors must now actively engage with trade compliance teams Poor coordination can increase audit risk, cash-flow pressure, and margin erosion Programs like FTZs, bonded warehouses, drawback, and cost bifurcation can help mitigate exposure Asking for transfer pricing documentation is a powerful first step for trade teams Who Needs to Be at the Table? This episode stresses the importance of assembling a multi-disciplinary team, including: Trade Compliance Tax & Transfer Pricing Finance / CFO leadership Accounting (AP / AR) Pricing & Sourcing International affiliates and parent companies If tariffs have changed your margins, they've already changed your tax picture — whether you've addressed it or not.  

Professional sports franchises are some of the most recognizable brands on earth, yet many operate with negative annual cash flows. This deep dive moves past the scoreboard to explore the "Billion-Dollar Paradox": how trophies worth billions can lose money on paper while their valuations double every decade.The Pillars of Team RevenueModern sports finance has moved far beyond ticket sales and hot dogs. Today, revenue is driven by long-term, stable engines:Media & Broadcast Rights: The "stability engine" of sports. Leagues like the NFL have secured over $100 billion in media deals with giants like Amazon and ESPN. These deals provide a guaranteed income floor that supports high valuations regardless of on-field performance.Stadium Economics & Premium Seating: The real differentiator is controlling the "premium experience." Teams like the Dallas Cowboys generate over $600 million annually through high-margin luxury suites, club access, and naming rights deals (e.g., the $700M crypto.com Arena deal).The Real Estate Play: Sophisticated owners now build "entertainment districts" around stadiums. The Atlanta Braves' development, The Battery, actually generates more operating profit than the baseball team itself due to steady rental income and higher margins.The Financial Drains: Why Teams "Lose" MoneyDespite massive revenue, the high cost of competitiveness creates a brutal balance sheet:The Cost of Winning: Player salaries typically account for 50% to 60% of total revenue. This is a gargantuan fixed cost compared to other industries.The Luxury Tax: Leagues use this penalty to discourage runaway spending. Teams like the Golden State Warriors have paid hundreds of millions in penalties just to keep a championship-caliber roster together, viewed as an investment in long-term brand equity.Infrastructure Debt: Modern stadiums cost between $1B and $5B. These are financed with massive debt packages tied to future media revenue, making interest payments a significant recurring cost.Valuation vs. ProfitabilityIn sports, traditional metrics like EBITDA are often useless because they are volatile or negative. Instead, finance teams use:Revenue Multiples: Valuing a team based on total annual revenue divided by the sale price. Because revenue (from media) is predictable and growing, this provides a more stable anchor for billionaires and private equity firms.Asset Appreciation: Owners view teams like fine art or exclusive real estate. The scarcity of franchises (fixed supply) combined with rising global demand drives valuations up even when the income statement is in the red.Case Studies: Strategy on the SpreadsheetFC Barcelona: A cautionary tale of brand strength failing to protect a team from a "debt trap" caused by rigid player contracts and heavy infrastructure loans.Phoenix Suns: A textbook turnaround showing how modernizing ticketing analytics and stadium monetization can skyrocket a team's valuation before a single game is won.Oakland Athletics (Las Vegas Relocation): A pure infrastructure strategy—abandoning a money-losing venue for a new stadium they control in a high-tourism market.

Don't miss the boat on massive tax savings when you sell your company—most business owners wait too long and pay millions more than they should. Discover a powerful, decades-old strategy to legally defer nearly all your capital gains taxes and secure a lifelong income stream after your business exit. Learn when to act and exactly which experts to assemble for your winning exit planning team. View the complete show notes for this episode. Want To Learn More?  Allocation of Purchase Price & Taxes When Selling a Business Can you sell your business and pay $0 in federal income tax? Why You Need To Think About Taxes Early When Selling a Business 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.

In this episode, we break down Databricks' $4B funding round and how it pushed the company to a $134B valuation. We explore what this massive raise says about the surging demand for AI data platforms and Databricks' growing role in the AI boom.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle----See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of the Milk Road show, Santi Santos breaks down why much of crypto may be fundamentally mispriced, why Layer 1 valuations are under serious pressure heading into 2026, and why the next wave of upside likely won't come from where most investors are still looking.~~~~~

Plus: Invictus Growth Partners to acquire Informed.IQ, an AI-based fraud detection company. And PayPal applies to establish its own bank. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Behind The Numbers With Dave Bookbinder, I'm joined by Kristof Gleich, President and Chief Investment Officer at Harbor Capital Advisors, for a deep dive into the human capital factor and its impact on business value and investment performance. Kristof explains how Harbor's partnership with Irrational Capital led to the development of the HAPI ETFs and walks through the seven subfactors that make up the human capital score: organizational effectiveness, innovation, direct management, alignment, engagement, emotional connection, and extrinsic rewards. We get into the data behind the factor, including the use of large-scale employee sentiment surveys and proprietary analytics, the index construction process that identifies the top 150 companies, and the annual reconstitution methodology. Kristof also shares performance insights – from Morningstar recognition to how HAPI has compared with the S&P 500. We also talk about why this factor has the potential to generate real alpha and how investors, private equity firms, and valuation professionals are beginning to incorporate human capital metrics into underwriting and deal analysis. If you're interested in how people truly drive enterprise value, how human capital data can shape portfolios, and what this means for investors, advisors, and dealmakers, this episode offers practical, data-driven insights you can use. About Our Guest: Kristof Gleich is the president and CIO of Harbor Capital Advisors, Inc. Kristof oversees all Investment, Distribution & Marketing and Executive Office functions at Harbor. He provides insight while helping lead Harbor's strategic growth plan. Prior to joining Harbor, Kristof was a managing director and global head of manager selection at JP Morgan Chase & Co. He received a B.S. in Physics from University of Bristol. Kristof is a CFA® charterholder and is FINRA Series 7 and 63 licensed. About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs 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.

In episode #337 of SaaS Metrics School, Ben breaks down why software revenue categorization is a foundational requirement for strong finance, accounting, and SaaS metrics. He explains the core revenue types every SaaS, AI, or software company should separate on their P&L—and why commingling revenue creates downstream issues in MRR tracking, retention metrics, forecasting, and company valuation. Ben walks through the major recurring and non-recurring revenue categories, then shows how clean revenue segmentation enables accurate MRR schedules, retention analysis, cash flow forecasting, and smoother due diligence with investors and acquirers. What You'll Learn The core revenue categories every SaaS or AI company should clearly define The difference between subscription, usage, overage, services, managed services, and hardware revenue Why overages must be separated at both the SKU and general ledger level How revenue categorization feeds directly into MRR schedules and waterfalls Why recurring and variable revenue must be forecasted differently How clean revenue data improves retention metrics and go-to-market efficiency analysis Why investors and acquirers expect revenue clarity during fundraising and due diligence Why It Matters Accurate MRR and ARR tracking depends on clearly defined revenue streams Retention metrics (GRR and NRR) break when revenue types are mixed together Revenue forecasting and financial modeling require different assumptions by revenue type Cash flow forecasting becomes unreliable without segmented recurring revenue data Company valuation is directly impacted by the perceived quality of recurring revenue Investors and acquirers expect detailed revenue schedules during fundraising and due diligence Strong financial systems and accounting discipline reduce friction in audits and exits Resources Mentioned Ben's SaaS revenue hierarchy framework: https://www.thesaascfo.com/the-saas-revenue-hierarchy-why-defining-your-revenue-streams-matter/ SaaS Metrics course at The SaaS Academy: https://www.thesaasacademy.com/the-saas-metrics-foundation

A valuation is more than applying a dollar amount to a business; it's about thorough diligence and understanding the variables that tell the business' story. Take a deep dive into this chapter as Valuation Manager Bryan Gooden helps break down the intricacies and offers his experience on valuations across multiple industries.

The Information's Kevin McLaughlin breaks down Databricks' massive $4 billion funding round and the growing liability of corporate chatbots. We also talk with Crypto Reporter Yueqi Yang about Lead Bank tightening its grip on the stablecoin industry and Sapphire Ventures' Rajeev Dham about his enterprise AI predictions for 2026. Finally, we look at whether NVIDIA's Jensen Huang will fund AI-powered alien hunting with AI Reporter Rocket Drew and discuss the future of humanoid robots and their role in the AI boom with Centific SVP Prithivi Pradeep.Articles discussed on this episode: https://www.theinformation.com/articles/small-bank-critical-stablecoin-payments-tightens-risk-controlshttps://www.theinformation.com/articles/corporate-chatbots-gone-wildhttps://www.theinformation.com/articles/alien-hunters-want-jensen-huang-fund-ai-telescopehttps://www.theinformation.com/articles/servicenow-sell-highlights-jittery-marketTITV airs on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Subscribe to: - The Information on 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-agenda

Criterion breaks down year-end acquisition numbers, highlights stock-market bubble indicators, and lays out a practical commercial real estate strategy to survive a potential 2026–2027 correction. Time Stamps: 0:00 – Introduction 1:30 – Year-end update: $72M acquired + $21M equity raised 2:35 – Growth story: 2019 first deal to “20X” scale + investor base expansion 4:27 – Why talk about a potential 2026–2027 market correction 6:12 – Index run-up: S&P / Dow / NASDAQ context and “bubble” risk framing 8:47 – Valuation red flags: S&P PE ratios vs. 1929 / 2001 comps 9:47 – Buffett Indicator explained (market cap vs. GDP) 10:55 – “Magnificent 7” concentration + elevated PE multiples 12:40 – Awareness over prediction: risk management mindset 13:08 – Macro pressure: national debt + interest cost discussion 15:19 – If stocks crash: what happens to real estate values + inflation response 16:39 – CRE in a downturn: tenant risk, vacancy, and cash reserves 17:25 – Rates drop = refinance opportunity; CRE vs. stocks volatility 18:42 – Why higher-cap buys help: breathing room on cash flow 19:14 – Crash playbook: buy discounted assets, avoid forced sales, keep operating 19:47 – “Don't wait for perfect”: buy through every season Visit TheCriterionFund.com for more information commercialrealestate #commercialrealestateinvesting #cre #realestateinvesting #investing #passiveincome #wealthbuilding #financialfreedom #realestatepodcast #investoreducation #stripcenters #retailrealestate #neighborhoodcenters #caprate #cashoncash #dealmaking #capitalraising #privateequityrealestate #marketcycle #recessionproof #riskmanagement #economicoutlook #interestrates #refinance #valueadd #assetmanagement #tenantmix #vacancy #portfolio #multifamilyinvesting stockmarket #sp500 #nasdaq #dowjones #buffettindicator #priceratios #peratio #magnificentseven #marketcorrection #marketcrash #macro #inflation #deficit #nationaldebt #economy #investingtips #wealthstrategy #longterminvesting #buythedip

CFRA's Garrett Nelson makes the argument that valuations continue to remain too high for Tesla (TSLA) with the stock hinging on A.I. and autonomous driving. He makes the case for CFRA's sell rating and $325 price target for Tesla as Wedbush's Dan Ives maintains his buy and $600 target. Karl Brauer believes the company can deliver on Elon Musk's vision for the future. However, Musk taking the steering wheel is something Karl sees as critical to drive Tesla's bullish expectations. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

UNLOCK THE 13 SYSTEMS EVERY AGENCY OWNER NEEDS TO REACH 8 FIGURES:https://bit.ly/41Sm05NIn this episode, Jordan Ross sits down with Todd Taskey to unpack what really drives the value of a digital marketing agency when it's time to sell. They explore how AI, tech enablement, and recurring revenue models are reshaping business valuations and exit strategies. Todd breaks down the financial levers like EBITDA, buyer types, and strategic acquisitions that can dramatically affect an agency's sale price. Whether you're preparing for a near-term exit or planning long-term growth, this episode offers a roadmap to positioning your agency for maximum value in a rapidly evolving market.ChaptersIntroduction to Business ValuationMarket Trends and Valuation MultiplesThe Impact of AI on Agency ValuationStrategic Acquisitions and Market PositioningRevenue and Retention as Key MetricsNavigating the Future of Agency GrowthThe Role of Strategic BuyersConclusion and ResourcesTo learn more go to 8figureagency.coTo reach out to Todd go to www.towerpartners.comTo listen to Todd go to SecondBitePodcast.com

AI stocks now make up 30% of the S&P 500 is a bubble brewing? India's burnout crisis hits Parliament with the Right to Disconnect Bill. RBI slams the door on stablecoins and bets on the Digital Rupee. Netflix makes an $83 billion play for Warner Bros that could reshape India's streaming wars. Plus, Acko preps for a blockbuster IPO. Five stories shaping money, markets, and policy all in one episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Permettre aux citoyens d'avoir une contribution sociétale même en dehors de leur emploi, intégrer de nouveaux objectifs de développement durable et de nouveaux critères de comptabilité pour les entreprises : ce sont les idées que souhaite diffuser l'association Les Émergences créée en mai 2025. ----------------------------------------------------------------------- SMART IMPACT - Le magazine de l'économie durable et responsable SMART IMPACT, votre émission dédiée à la RSE et à la transition écologique des entreprises. Découvrez des actions inspirantes, des solutions innovantes et rencontrez les leaders du changement.

To figure out how much a company is worth, start with its customers. This episode explores customer-based corporate valuation and how individual buying behavior ultimately drives firm value. Join JMR Co-Editor Brett Gordon as he speaks with Dan McCarthy (University of Maryland) and Peter Fader (University of Pennsylvania) about their paper, “Customer-Based Corporate Valuation for Publicly Traded Noncontractual Firms,” and how they used publicly disclosed customer metrics to value companies like Wayfair—work that even caught the attention of Wall Street.

In this episode of Mining Stock Education, host Bill Powers interviews natural resource investing expert Rick Rule from Rule Investment Media. Rick discusses his 40-year investment journey, highlighting his approach to oil stock allocation. He explains his strategy of persistence, tenacity, and focusing on high-quality people. Rick reveals his preferences for US and Canadian oil stocks, providing specific stocks he holds in his portfolio. He also touches on his views on opportunity cost, the importance of valuation, and his personal rules for investing in junior miners. Additionally, Rick discusses his thoughts on the precious metals sector, government involvement in private industry, and future investment plans. The episode concludes with insights into the Rule Symposium and its value for investors. 00:00 Introduction 00:41 Rick Rule on Investment Strategies 03:23 The Hate Trade Strategy 04:57 Valuation and Selling Strategies 07:44 Opportunity Cost and Market Predictions 11:25 Common Mistakes in Speculation 17:38 The Role of Newsletter Writers 25:30 Government Funding and Market Impact 29:16 Rick's Exit Strategy with Sprott 29:36 Sprott's Unique Investment Opportunities 30:58 Rick's Stock Transactions and Regulatory Challenges 31:39 Sprott's Future and Market Growth 34:05 Rick's Permanent Portfolio Holdings 37:24 Rick's Oil Investments and Preferences 42:49 Merging Companies in the Precious Metals Sector 45:32 Fresnillo's Strategic Moves Beyond Mexico 49:49 Rick's Insights on Mexican Mining Operations 50:50 Rick's Symposium and Free Resources 54:48 Conclusion and Final Thoughts Rule Symposium July 6-10 in Boca Rotan, FL: https://events.ringcentral.com/events/2026-rule-symposium/registration If you would like Rick to review your mining stock portfolio reach out to him at: https://ruleinvestmentmedia.com/ Rule Investment Media YT channel: https://www.youtube.com/@RuleInvestmentMedia Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

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Today we are breaking down Amadeus, the dominant infrastructure powering global travel bookings. If you've used a travel agent or corporate booking system, you've likely interacted with Amadeus's technology—though most of what they do happens behind the scenes in airline operations, hotel inventory management, and logistics coordination. Ben Needham, portfolio manager at Ninety One Asset Management, explains how Amadeus built its market-leading position, common investor misconceptions about the business, and the company's value proposition across the travel ecosystem. We also explore AI's potential impact on the industry and how Amadeus's balance sheet strength positions it relative to competitors. Please enjoy this breakdown of Amadeus.  For the full show notes, transcript, and links to the best content to learn more, check out the episode page⁠⁠⁠⁠⁠⁠ here.⁠⁠⁠⁠⁠⁠ —- This episode is brought to you by⁠⁠⁠ ⁠Portrait Analytics⁠⁠⁠⁠ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at⁠⁠⁠ ⁠portraitresearch.com⁠⁠⁠⁠ — Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit⁠⁠⁠⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠⁠⁠⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠). Show Notes (00:00:00) Introduction to Amadeus (00:02:49) Understanding Amadeus' Business Model (00:04:11) Amadeus' Market Position and Competitors (00:05:35) Historical Background of Amadeus (00:07:25) Revenue Streams and Profitability (00:10:50) Impact of AI and Technology on Amadeus (00:13:07) Revenue Models and Pricing Mechanics (00:22:35) Growth Opportunities and Market Dynamics (00:25:47) Execution and Future Prospects (00:30:01) Financial Health and Capital Allocation (00:31:57) Valuation and Market Perception (00:34:21) Risks and Challenges (00:37:13) Lessons From Amadeus

Goldman Sachs has led Harness's Series E round, with participation from IVP, Menlo Ventures, and Unusual Ventures. The new valuation is a 49% jump from its $3.7 billion valuation in a $230 million round in April 2022. With this funding, the startup has raised $570 million of equity to date. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This episode starts with Farcaster's pivot and Tarun's claim that “Web3 is dead,” at least the A16z-style ownership economy. With Web3 social struggling, the crew digs into why spam, airdrops, and weak network effects keep sinking these apps — and why prediction markets may be crypto's accidental social network. We then jump to the L1 valuation fight. Haseeb recaps his debate with Santiago over whether chains are wildly overpriced or simply early, sparking a broader discussion on PE ratios, L1 “premiums,” and how many chains the world can realistically sustain. Next up: Ken Chan's viral “I wasted 8 years in crypto.” The team unpacks burnout, sugar-water loops, and why nihilism tends to hit founders right as the market turns. And finally, Tarun walks through his ADL research and how October 10's cascading liquidations exposed major flaws in current systems. Markets evolving, narratives collapsing — let's get into it. Show highlights

Ed Yardeni returns to Excess Returns to break down the evolving market landscape, why he moved the Magnificent 7 to underweight, and how AI, productivity, interest rates, global markets, and sector leadership will shape the next stage of the Roaring 2020s. Ed explains why the economy has remained so resilient, what could finally trigger a true market broadening, and how investors should think about everything from tech competition to inflation, private credit risks, and Fed policy heading into 2026.Main topics covered• Why Ed reduced the Magnificent 7 and tech from overweight to market weight• How extreme sector concentration affects portfolio construction• The escalating competition inside AI and large-cap tech• The AI CapEx boom and how it changes earnings, margins, and valuation• Valuation considerations for tech leaders at this stage of the cycle• Whether the Mag 7 should be compared to past tech bubbles• How AI adoption may spread to the broader economy and boost productivity• Economic impact of AI on jobs, wages, and long-term inflation• Why the US economy avoided recession despite persistent warnings• Rolling recessions vs traditional recessions and how they shape markets• Private credit risks and whether they pose a systemic threat• Prospects for small caps, mid caps, financials, industrials, and healthcare• Why 2026 may finally bring true market broadening• The outlook for international investing and emerging markets• Ed's S&P 500 roadmap to 7,700 next year and 10,000 by 2029• Fed policy, rate cuts, inflation, bond vigilantes, and political pressure• Key risks investors should monitor heading into 2026Timestamps00:00 Mag 7 concentration and the case for rebalancing03:00 How Ed builds probability-based market scenarios04:30 Why the Roaring 2020s thesis still holds06:00 The no-show recession and economic resilience07:00 Why he moved the Mag 7 and tech to market weight09:30 How every company is becoming a technology company12:20 Knowing when a successful thesis has run its course13:30 The dominance of the US market and global diversification15:00 Why market weight, not overweight, for tech and the Mag 716:00 Tech competition, AI leapfrogging, and margin pressure18:30 The CapEx boom and valuation questions21:00 Comparing today's tech leaders to the 2000 era23:00 How AI could lift productivity across the entire economy25:00 Putting AI in historical context27:00 How new technologies solve constraints like energy and compute29:00 AI's long-term impact on productivity and growth30:00 Labor market disruption and job transition dynamics31:20 Will AI be deflationary over time?32:30 Technology, China, automation, and global deflation forces33:00 Ed's forecast for the S&P 500 through 202935:00 Why recession indicators failed this cycle37:00 How liquidity facilities prevent credit crunches39:00 Private credit risks and transparency challenges40:45 The potential for market broadening in 202642:20 Takeaways from the latest Fed meeting44:00 Should the Fed be cutting rates?45:00 Fed independence under political pressure47:00 Why bond vigilantes may return in 202648:00 International investing opportunities and ETFs49:30 Closing thoughts and key risks ahead

The Federal Reserve cut rates by a quarter point Wednesday, but the real story is the division behind the decision. For the first time since 2021, three Fed governors dissented--an uncommon break in policy unity that raises new questions about inflation progress, economic risk, and the path of monetary policy into 2026. Lance Roberts & Michael Lebowitz explain why the Fed cut now, what the dissent signals, and how a split vote may affect market volatility, yields, and expectations for future rate moves. We also look at how past dissent has aligned with turning points in policy cycles and what this could mean for portfolios as financial conditions continue to ease. Use the chapter markers below to jump to any topic. 0:00 - INTRO 0:19 - The Fed Giveth, Oracle Taketh Away 6:53 - Volatility on the Rise 11:25 - Adding Ultra for Mrs. Roberts 14:16 - Surprises from the Fed? 18:15 - Fed Statement Analysis (chart) 20:12 - Betting on Kevin Hassett 22:08 - QE or Not QE? 26:30 - Valuations are a Function of Sentiment 29:48 - When Will Markets Crash? 32:32 - The Break Between Value & Growth 35:32 - ETF Issueance & High Risk Offerings 38:52 - What Happens When Gold and Stocks Rise 41:12 - What is Your Goal for Your Portfolio? 42:52 - Coming Attractions Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=bT1azosP1yk&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- The latest installment of our new feature, Before the Bell, "Volatility After the Fed," is here: https://youtu.be/gnorFZc1qM8 ------- Articles Mentioned in Today's Show: "Bullish Case Or Bearish Backdrop" https://realinvestmentadvice.com/resources/blog/bullish-case-or-bearish-backdrop/ -------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Watch our previous show, "Live-chat Q&A Show" here: https://bit.ly/3KQlkIK -------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #FederalReserve #InterestRates #MarketVolatility #NASDAQ #FederalReserve #InterestRates #FOMC #MarketOutlook #InvestingStrategy

The Federal Reserve cut rates by a quarter point Wednesday, but the real story is the division behind the decision. For the first time since 2021, three Fed governors dissented--an uncommon break in policy unity that raises new questions about inflation progress, economic risk, and the path of monetary policy into 2026. Lance Roberts & Michael Lebowitz explain why the Fed cut now, what the dissent signals, and how a split vote may affect market volatility, yields, and expectations for future rate moves. We also look at how past dissent has aligned with turning points in policy cycles and what this could mean for portfolios as financial conditions continue to ease. Use the chapter markers below to jump to any topic. 0:00 - INTRO 0:19 - The Fed Giveth, Oracle Taketh Away 6:53 - Volatility on the Rise 11:25 - Adding Ultra for Mrs. Roberts 14:16 - Surprises from the Fed? 18:15 - Fed Statement Analysis (chart) 20:12 - Betting on Kevin Hassett 22:08 - QE or Not QE? 26:30 - Valuations are a Function of Sentiment 29:48 - When Will Markets Crash? 32:32 - The Break Between Value & Growth 35:32 - ETF Issueance & High Risk Offerings 38:52 - What Happens When Gold and Stocks Rise 41:12 - What is Your Goal for Your Portfolio? 42:52 - Coming Attractions Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=bT1azosP1yk&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- The latest installment of our new feature, Before the Bell, "Volatility After the Fed," is here: https://youtu.be/gnorFZc1qM8 ------- Articles Mentioned in Today's Show: "Bullish Case Or Bearish Backdrop" https://realinvestmentadvice.com/resources/blog/bullish-case-or-bearish-backdrop/ -------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Watch our previous show, "Live-chat Q&A Show" here: https://bit.ly/3KQlkIK -------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #FederalReserve #InterestRates #MarketVolatility #NASDAQ #FederalReserve #InterestRates #FOMC #MarketOutlook #InvestingStrategy

In this fascinating interview with Kris, also known as From Growth to Value, we talk in-depth about growth investing and his investing style, as well as several of his investments. You can read his thoughts on various stocks at Potential Multibaggers. ~*~ --> *CLICK THIS LINK TO GET OUR NEW NEWSLETTER --> Sign Up Here Our first post will be breaking down Duolingo stock. Make sure you are signed up to get it!  *~*~*~*~*  Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — New Finance Newsletter (1:24) — Kris's Investment Style (4:32) — Portfolio Construction  (13:46) — Case Study: Duolingo (31:18) — Investing Growth Assumptions (46:29)  — DCFs, Valuation, and Growth Investing  (1:01:13) — Tesla, Nvidia (1:15:22) — Conclusion -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *~*~*~*~*  Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

MY NEWSLETTER - https://nikolas-newsletter-241a64.beehiiv.com/subscribeJoin me, Nik (https://x.com/CoFoundersNik), as I interview Peter Lohmann (https://x.com/pslohmann). In this episode, we dive into the unsexy but incredibly lucrative world of property management with Peter Lohmann, the founder of RL Property Management in Columbus, Ohio.Peter reveals how he scaled his business from zero to nearly 700 units and $3 million in revenue after leaving his job as an engineer. Peter also shares his controversial advice on why you should start, not buy, a management company if you are new to business, and details the "operational nightmare" you must navigate to reach success.We even discuss the massive opportunity for exits, where Private Equity firms are paying 1.5x to 2x top-line revenue for established companies.Questions This Episode Answers:1. What are the target benchmarks for revenue per door and profit margins in a successful property management business?2. Why does Peter recommend building a company from scratch rather than acquiring an existing one?3. What specific marketing strategies—from Google Business Profiles to meetups—would Peter use to get 100 doors in just six months?4. At what unit count does a property management company typically become self-sustaining enough to hire full-time staff?5. How are Private Equity groups valuing these businesses, and what multiples can you expect if you sell?Enjoy the conversation!__________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or email me at nik@cofounders.com with your thoughts.__________________________MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribeSpotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT__________________________This week we covered:00:00 Highlights00:27 Introduction to Property Management00:54 Revenue and Profit Margins02:29 Understanding Clients and Tenants03:06 Key Responsibilities of Property Managers03:37 Profiles of Property Owners04:29 Why Hire a Property Management Company?05:41 Payment Structures and Fees06:34 Company History and Growth10:50 Remote and Local Operations16:16 Starting a Property Management Business19:02 Finding Your First Clients19:29 Early Challenges and Strategies20:47 Benchmarks in Property Management21:50 The Importance of Community23:27 Scaling Your Business30:57 Operational Complexities32:21 Opportunities in Property Management35:38 Conclusion and Final Thoughts

On Me raises $6 million for its digital gift card platform that lets users purchase cards categorized by interests rather than being restricted to specific retailers. Also, Port offers a proprietary alternative to Spotify's popular devtool catalog Backstage, but with a valuable addition: it can be used to manage AI agents, too. Learn more about your ad choices. Visit podcastchoices.com/adchoices

```html welcome to wall-e's tech briefing for wednesday, december 10th! catch today's noteworthy tech developments: spacex ipo plans: aiming for a mid-to-late 2026 ipo with a target valuation of $1.5 trillion, spacex seeks to raise $30 billion, potentially becoming the largest ipo, surpassing saudi aramco's 2019 debut. ford & renault ev collaboration: teaming up to challenge cheaper chinese evs, ford and renault are set to introduce two affordable ford-branded electric vehicles by 2028, leveraging renault's ampere platform in france. fal's ai funding boost: ai infrastructure startup fal secures $140 million in series d funding, tripling its valuation to $4.5 billion, with major clients like adobe and shopify propelling its growth in the ai sector. stay tuned for tomorrow's tech insights! ```

What truly drives enterprise value - and what quietly destroys it? In this episode of Behind The Numbers With Dave Bookbinder, Dave speaks with Anthony Franco, managing partner at First Strategy, serial entrepreneur, AI strategist, and co-author of AI First Principles and the WISER Method. Anthony breaks down the core factors that influence valuation long before an owner thinks about selling. They discuss the impact of profitable revenue, clean financials, customer concentration, operational discipline, and how reducing reliance on the founder increases both value and buyer confidence. Anthony also explains why toxic employees, the “genius jackass,” and organizational apathy can erode enterprise value in ways owners often overlook. The conversation moves into practical AI adoption for mid-market companies. Anthony outlines the AI First Principles framework and the WISER Method, including specific tools and realistic first steps leaders can take to improve productivity, decision-making, and operational speed without overwhelming their teams. His guidance is grounded: AI is a force multiplier, not a job killer. They wrap with insights from Anthony's Shark Tank experience, his How To Founder podcast, and the steps every business owner can take now to protect, strengthen, and increase enterprise value. 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: Anthony Franco—serial entrepreneur, AI strategist, and the co-author of AI First Principles and the WISER Method. Anthony successfully exited six of his own businesses, and spent over two decades guiding business leaders on how to grow smarter, automate strategically, and prepare for valuable exits. As the host of his own podcast, How to Founder, Anthony is passionate about sharing practical, no-nonsense strategies that entrepreneurs and business owners can immediately put into action. About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs 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.

Today we're tackling one of the biggest moments in any owner's career: a liquidity event. Our guest is Brian Odelli, a private wealth advisor who specializes in helping entrepreneurs prepare for—and thrive after—a sale. We'll break down the emotional side of deciding when to sell, how to know if you're financially ready, and how to assemble the right deal team. Then we'll get tactical: pre-sale planning to optimize taxes and protect your family, and post-sale strategy to turn proceeds into a durable plan—one that makes sure you're never poor, funds your lifestyle, and supports your legacy. If you're considering an exit in the next 1–3 years—or you simply want to be prepared—this episode is your playbook. Let's get into it.

AI startup valuations are skyrocketing—some doubling within months—but is it sustainable? This week, explore the funding frenzy, strategic back-to-back rounds, and what founders and investors should watch for in 2026 as the market matures and separates winners from hype. Spotlight on Startups City: Laguna Niguel Address: 110 Chandon Website: https://spotlightonstartups.com

In this KE Report update, we speak with Rick Van Nieuwenhuyse, President & CEO of Contango ORE (NYSE American: CTGO), and Shawn Khunkhun, President & CEO of Dolly Varden Silver (NYSE American: DVS, TSX-V: DV), to outline the strategic merger creating a new high-grade gold–silver producer. Why the merger works Contango brings strong cash flow (≈US$100M/yr) from the Mahn Choh DSO operation with Kinross, while Dolly Varden contributes a high-grade silver–gold portfolio in BC's Golden Triangle.  Development pipeline Lucky Shot remains next in line for production using the DSO model, followed by the high-grade Johnson Tract project. Dolly Varden's Wolf, Homestake, and broader Kitsault Valley assets gain funding and technical depth to accelerate exploration. DSO strategy advantages High grade, small footprint, no mill or tailings required, and access to existing underutilized processing facilities support a scalable, low-capex production approach. Valuation opportunity The combined entity is expected to begin around 0.5x NAV, with potential re-rating as size, liquidity, cash flow, and index inclusion improve. Also please share your thoughts on the merger in the comments or email Shad and I at Fleck@kereport.com and Shad@kereport.com.    --------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

This episode is your essential guide to surviving financial due diligence, the number one hurdle in selling your business. Learn how to prepare your company's books before you go to market, ensuring buyers see a clean, consistent EBITDA that justifies your asking price. Stop leaving millions on the table and discover the expert moves that speed up the process and guarantee a successful M&A exit. View the complete show notes for this episode. Want To Learn More?  Most Common Deal Killers When Selling Your Business Preparing Financial Statements When Selling a Business M&A Due Diligence Preparation 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.

welcome to wall-e's tech briefing for monday, december 8th! let's delve into today's top tech developments: spacex's ambitious secondary share sale: potential to elevate spacex's valuation to $800 billion, surpassing openai and positioning it as america's most valuable private company. driven by the private market's secondary sales trend, spacex continues to lead with its commercial rocket launches and starlink service, now serving over 8 million subscribers. waymo's software recall initiative: voluntary recall following safety concerns with how its robotaxis handle school bus scenarios, spurred by nhtsa investigations. software updates are proving vital in enhancing autonomous driving safety as the technology evolves. tesla under scrutiny: nhtsa digs deeper into tesla's full self-driving software over accusations of running red lights and illegal lane changes. with over 80 potential violations, tesla's forthcoming responses are crucial amid increasing regulatory oversight. aaru's noteworthy series a funding: ai startup raises funds with a $1 billion valuation by simulating user behavior for rapid customer research, attracting investors and partnerships with industry giants like accenture. meta's acquisition of limitless: addition of the ai hardware startup into its fold aligns with meta's aim to merge ai wearables into its ecosystem, focusing on enhancing everyday life through advanced ai hardware integration. stay tuned for more tech insights tomorrow!

Kyle Grieve breaks down Michael Mauboussin's key insights on combating noise, valuing intangible-rich businesses, using the rule of 40, leveraging checklists and algorithms, understanding base rates, and more. IN THIS EPISODE YOU'LL LEARN: 00:00:00 - Intro 00:03:00 - How to use the BIN acronym to help you deal with forecasting error 00:14:32 - Four myths in investing (many of which I've fallen for) 00:26:15 - Why you must take GAAP numbers on a case-by-case basis due to handicaps of the standard 00:25:07 - How the rise in passive investing is making active investing more challenging 00:33:19 - Why GAAP losers outperform GAAP winners 00:37:14 - Why you should understand the differences between pricing and valuing a business 00:48:39 - Why using assorted multiples will help identify true undervaluations 00:45:50 - How to utilize the rule of 40 in your investing regardless of whether you invest in tech or not 00:49:16 - What to know about the base rates of a public business's survival 00:58:00 - Why most investments will fail and how to deal with the ones that succeed Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Read The Consilient Observer here. Learn about the BIN framework here. Dive into the four myths here. Explore valuation multiples more here Understand total shareholder returns more here. Improve your views on business survival here. Follow Kyle on Twitter and LinkedIn. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. 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: ⁠Simple Mining⁠ ⁠Human Rights Foundation⁠ ⁠Unchained⁠ ⁠HardBlock⁠ ⁠Linkedin Talent Solutions⁠ ⁠Alexa+⁠ ⁠Vanta⁠ ⁠Amazon Ads⁠ ⁠reMarkable⁠ ⁠Shopify⁠ ⁠Onramp⁠ ⁠Public.com⁠ - See the full disclaimer ⁠here⁠. ⁠Abundant Mines⁠ ⁠Horizon Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

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In this episode of Excess Returns, Graeme Forster of Orbis joins us to discuss two major research papers: Six Courageous Questions for 2026 and Sunrise on Venus. We explore how long-running global trends may be reversing, what that means for U.S. dominance, the future of international and emerging markets, the risks and opportunities created by AI and massive CapEx spending, the dollar's shifting role, and how investors should think about valuation, humility, and navigating a world where the economic “water” is changing. This conversation is packed with global macro insight, long-term investing lessons, and practical frameworks for building more resilient portfolios. Topics Covered:• Why long-term market “water” becomes invisible to investors• Self-reinforcing global cycles and how China's WTO entry reshaped the world• Signs the 25-year U.S. outperformance cycle may be breaking• How tariffs, political shifts, and corporate reforms change the global landscape• Why international and emerging markets may now offer better expected returns• Why U.S. large caps are not the entire story of American exceptionalism• How to think about valuation, margins, and discounted cash flow models across markets• The AI boom, bubbles, capital cycles, and asymmetric outcomes• How AI CapEx constraints influence winners and losers• The shifting role of the U.S. dollar and why market shocks may behave differently• Maslow's hierarchy, needs vs. wants, and the return of state-driven capital investment• Deglobalization, reshoring, and the national-security lens for investing• How to evaluate China and Taiwan inside emerging markets• Why humility is an investor's greatest edgeTimestamps:00:00 Introduction01:02 Why Orbis wrote Six Courageous Questions for 202603:44 The David Foster Wallace “water” analogy and investing06:12 How a 25-year self-reinforcing cycle powered U.S. outperformance10:12 Signs the cycle may be breaking12:00 Corporate reform and opportunity in Asia13:55 Why active share, benchmarking, and incentives distort investor behavior17:31 Decomposing S&P 500 returns: margins, valuations, fundamentals20:20 Expected returns inside and outside the U.S.22:34 Why international stocks offer richer opportunity sets24:25 Currency implications and weakening dollar dynamics26:18 American exceptionalism beyond the top 10 mega caps28:49 Where Orbis is finding value today30:25 Biotech, healthcare, and post-COVID dislocation31:05 How Orbis thinks about valuation in an intangible-heavy world32:09 Is AI a bubble or the beginning of something bigger?34:30 Game theory of AI CapEx and right-tail outcomes36:00 CapEx cycles, history, and who benefits38:00 Indirect AI beneficiaries and the SK Square example40:35 Maslow's hierarchy and the shift from wants to needs42:32 Deglobalization, national security, and domestic reinvestment44:00 Capital returning to home markets and strategic industries46:00 Can anything reverse these structural trends?48:00 Balancing bottom-up investing with macro awareness49:45 The deeper risk in emerging markets: owning vs. avoiding51:00 Valuation still matters for long-term returns52:29 Corporate behavior, dividends, and re-rating cycles53:52 How Orbis views China vs. bottom-up opportunity55:34 Why great investors must be right 90–95% of the time in decision quality58:00 One lesson Graeme would teach the average investor

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Plus: The EU fines X $140 million over breaches of Digital Services Act. And shares of Moore Threads, a Chinese competitor to Nvidia, soars in its market debut. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we are breaking down one of the more impressive B2B media businesses I have come across, Doximity. It's been called “the LinkedIn for doctors.”  Jim Jones, partner and analyst at William Blair Asset Management, helped explain exactly how Doximity works as a business. Jim gets into the community engine that works for and around medical professionals. And yes, there is a social network, but it's the add-ons, such as the required continued education that doctors can complete on the platform, including script signing, and all of those little tools that make a doctor's or medical professional's life much easier. The revenue engine is advertising, and Jim delves into the nuances of how that spend works, explaining why this is the business model they've chosen. Please enjoy this Breakdown of Doximity.  For the full show notes, transcript, and links to the best content to learn more, check out the episode page⁠⁠⁠⁠⁠ here.⁠⁠⁠⁠⁠ —- This episode is brought to you by⁠⁠ ⁠Portrait Analytics⁠⁠⁠ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at⁠⁠ ⁠portraitresearch.com⁠⁠⁠ — Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit⁠⁠⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠⁠⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠). Show Notes (00:00:00) Welcome to Business Breakdowns (00:02:52) Overview of Doximity (00:03:46) Doximity's Business Model and Revenue Streams (00:07:25) History and Evolution of Doximity (00:08:33) Competition and Market Position (00:13:27) Advertising Trends and Digital Shift (00:20:20) Doximity's Financials and Profitability (00:22:39) AI Integration and Future Prospects (00:29:32) Valuation and Market Perception (00:32:40) Lessons From Doximity

This week, Santi and Rob discuss market volatility, MicroStrategy's financial health, and Ethereum's valuation. They also dive into current macro conditions, recent Tether FUD, and prediction markets. Enjoy! – Follow Jason: https://x.com/JasonYanowitz Follow Rob: https://x.com/HadickM Follow Santi: https://x.com/santiagoroel Follow Empire: https://twitter.com/theempirepod —- Zcash is encrypted Bitcoin. Your digital bill of rights securing your freedom for the 21st century. Buy, store and spend ZEC privately using Zashi Wallet download today: https://electriccoin.co/zashi/ -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users. Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- This Empire episode is brought to you by VanEck. Learn more about the VanEck Onchain Economy ETF (NODE): http://vaneck.com/EmpireNODE An investment in the Fund involves a substantial risk and is not suitable for all investors. It is possible to lose your entire principal investment. The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly. Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”). Investing involves substantial risk and high volatility, including possible loss of principal. Visit vaneck.com to read and consider the prospectus, containing the investment objective, risks, and fees of the fund, carefully before investing. © Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation. -- GEODNET is the world's largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries. Discover how GEODNET is changing the world: [https://geodnet.com] -- Uniswap's Trading API offers plug-and-play access to deep onchain and off-chain liquidity, delivering enterprise-grade crypto trading without the complexity - from one of the most trusted teams in DeFi. Click to get started with seamless, scalable access to Uniswap's powerful onchain trading infrastructure. https://hub.uniswap.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=ww_web_bw_awa_trading-api_20251117_podcast_clicks – [Timestamps] (00:00) Intro (04:40) The L1 Valuation Debate (16:28) Ads (Zcash, Katana) (17:44) The Market's Lack of Liquidity  (30:07) Ads (Zcash, Katana) (31:24)  Thoughts on Saylor & MicroStrategy (46:25) Ads (VanEck, Geodnet,Uniswap) (48:47) Recent Tether FUD (57:47 ) Thoughts on Prediction Markets (01:09:18) Kraken Acquires xStocks (01:12:04) Favorite Christmas Movies —-- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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AGENDA: 04:20 Thrive and OpenAI Partnership  07:14 Databricks Raising $5BN at $134BN Valuation: Cheap or Not? 17:39 Eventbrite Acquired by Bending Spoons for $500M 21:39 Pagerduty's $1BN Market Cap, Just 2x Revenue 26:59 The TAM Trap: Why SaaS Is Like Japan 37:42 Lessons from Companies Hitting $100M ARR 44:57 The Future of Labour Markets is F****** 52:10 The Importance of Compounding in Investments 56:45 The Relevance Game in Venture Capital 01:05:01 Supabase at $5BN or Lovable at $6BN: Which One?  

In this episode, we dive into Black Forest Labs' $300M raise and what this new $3.25B valuation means for its position in the rapidly evolving AI landscape. We also discuss how this influx of capital could accelerate its model development and competitive ambitions.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle--------------See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

When we interviewed Howard Marks in March of 2025, he observed, “It's the pioneers who get the arrows”. Many consider a 21st century investment pioneer to be Cathie Wood. She embraces disruptive innovation themes early, has faced intense criticism during large drawdowns, has reshaped ETF thinking and is characterised as bold, influential, and controversial.  Cathie explains why studying under Arthur Laffer inspired her to think about private sector disruptive innovation driving growth.  She explains how multiple S curves can operate simultaneously, and how Ark fuses the macro and thematic with bottom-up conviction, along with the volatility.  She continues by discussing idea generation and Ark's big themes including multiomic sequencing, energy storage and robotics. She discusses risk, benchmarks, setbacks, and where to go to find work in an AI disrupted world. The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube 

Discover if AI valuations have peaked. Are you on track for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters!  INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any recurring fees. Enter "SAVE50" to save 50%here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning.  SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.  #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)

Crypto Winter vs. AI Substance — Elizabeth Peek — Peek argues that Bitcoin and cryptocurrency price fluctuations lack underlying economic valuation fundamentals, unlike equities where corporate earnings directly drive share valuations, rendering current market volatility economically inexplicable. Peek contrasts cryptocurrency speculation with artificial intelligence, which she characterizes not as speculative bubble but as a profound systemic transformation affecting how civilization functions at foundational levels. Peek emphasizes that despite elevated valuations for AIcompanies including Nvidia, the underlying technological transformation justifies substantial market capitalization, distinguishing AI from unsustainable cryptocurrency enthusiasm lacking intrinsic value generation mechanisms. 1910 NYC FINANCIALS

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1889: Mike Smerklo highlights the often-overlooked reality that choosing a capital provider is less about the money and more about the long-term relationship. He urges entrepreneurs to dig deep into who they'll actually be working with, how helpful they'll be when things go sideways, and what value they truly bring beyond the check, because that "partner" could be around far longer than you expect. Read along with the original article(s) here: https://www.mikesmerklo.com/how-do-great-entrepreneurs-choose-a-capital-provider-maybe-not-the-way-you-think/ Quotes to ponder: "Valuation is a single point-in-time measure but WHO you choose to take money from and HOW they will help will make that company even better." "You need to assess if the 'partner' you are talking to has enough clout to get something done within the firm."