Podcast appearances and mentions of Warren Buffett

In 1852, a mid-level postal surveyor named Anthony Trollope gave Britain its iconic red pillar mailbox. He also wrote 47 novels, most of them before breakfast, 250 words every 15 minutes with a pocket watch on his desk. When he told the truth about his method in his autobiography, critics wrote him off for decades. People wanted genius to descend like weather. Trollope knew it was assembled, a small daily task at a time.My guest today wrote his newest book exactly the same way: 100 words every morning before his family woke up, no misses, even on a cruise ship. Ryan Hawk is the host of The Learning Leader Show, one of the most listened-to business podcasts in the world with more than 650 conversations behind it. His new book, The Price of Becoming, starts with a question borrowed from Warren Buffett and Charlie Munger: if compounding can turn boring, consistent deposits into extraordinary wealth, what happens when you apply the same math to your life?In this conversation, we talk about:The nightly question Ryan borrowed from Charlie Munger: did I go to bed a little wiser than I woke up?Ryan's learning flywheel: fuel the intake engine, run experiments, pause and reflect, then teachWhy teaching is the most overlooked accelerant of learning, and why Ryan requires every leader he works with to regularly lead a trainingWriting what's true versus writing what's merely accurateHow Ryan wrote over 100,000 words starting with just 100 words a day, and why most of them were garbage (and why that's the point)Paul Rabil's 100 shots a day, no misses, and what it built beyond lacrosseWhy "any excuse softens the character," and why endurance beats brillianceThe free throw lesson my dad taught me: 121 in a row, and losing sight of the goal behind the goalWhy leading yourself is the part of leadership that never endsThis week's challengeDefine your hundred. One small daily act tied directly to who you're trying to become, small enough that you can do it on your worst day. A hundred words, twenty minutes of study, a sketch, a cold call, one page. Write it down, then do it every day for the next 30 days. No misses. And before you go to sleep each night, ask yourself Ryan's question: did I go to bed a little wiser than I woke up?ResourcesThe Price of Becoming by Ryan Hawk, available now wherever books are soldThe Learning Leader Show with Ryan HawkThe Accidental Creative by Todd HenryGet every interview in full, free, at DailyCreativePlus.comInfo on Todd's books and speaking at ToddHenry.comSince 2005, Daily Creative has served up weekly tips to help you be brave, focused, and brilliant every day. Mentioned in this episode:The Brave Habit is available nowMy new book will help you make bravery a habit in your life, your leadership, and your work. Discover how to develop the two qualities that lead to brave action: Optimistic Vision and Agency. Buy The Brave Habit wherever books are sold, or learn more at TheBraveHabit.com.To listen to the full interviews from today's episode, as well as receive bonus content and deep dive insights from the episode, visit DailyCreativePlus.com and join Daily Creative+.

Get the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today's episode into an actionable plan? Join the Optimal Living Weekly newsletter and I'll send you our 200-page digital workbook immediately. It's packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: ⁠https://oldpodcast.eo.page/join⁠ Discover all of the podcasts in our network, search for specific episodes and learn more at:⁠ OLDPodcast.com⁠. Episode 3636: Andrew explains how index funds offer a simple, low-cost way to invest by tracking major market indexes instead of trying to beat them. Learn why these diversified funds have outperformed most actively managed funds over the long term and why investors like Warren Buffett recommend them for retirement savings. Read along with the original article(s) here: https://www.dollarafterdollar.com/what-is-an-index-fund/ Quotes to ponder: "Index funds are great for anyone who wants to invest passively." "Passive fund management tends to lead to better performance in the long term." "Only 13% of around 8,000 mutual funds are able to achieve outperforming the market index!" Episode references: S&P 500 Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ John C. Bogle: https://www.britannica.com/biography/John-Bogle MSCI EAFE Index: https://www.msci.com/indexes/index/990300 Russell 2000 Index: https://www.ftserussell.com/products/indices/russell-us NASDAQ Composite Index: https://www.nasdaq.com/market-activity/index/comp Bloomberg U.S. Aggregate Bond Index: https://www.bloomberg.com/professional/product/indices/bloomberg-fixed-income-indices/ The Vanguard 500 Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vfiax Learn more about your ad choices. Visit megaphone.fm/adchoices

Berkshire Hathaway is expanding its homebuilding empire with another acquisition, this time adding McGuinn Homes to its growing portfolio. Kathy Fettke explains why Warren Buffett's company is doubling down on site-built and build-to-rent housing, what it signals about the future of the housing market, and why real estate investors should be paying attention.   Learn more at www.Realwealth.com/Syndications   Source: https://www.resiclubanalytics.com/p/warren-buffett-heir-buys-homebuilder-mcguin-berkshire-hathaway-clayton-homes

Episode 528 00:00 Introduction 00:31 Has Warren Buffett changed his view on Technology Stocks 06:18 Warren Buffett philanthropy 08:47 Berkshire Hathaway large cash position 13:14 China's Moonshot AI 16:41 Regional Bank update Watch the VIDEO Sign up for free ALERTs & Market Commentary at:  https://www.investablewealth.com/subscribe/ ——————————————————

College degrees that don't pay off. Rising foreclosures. Warren Buffett's warning about a culture obsessed with gambling instead of investing. Plus, Art answers two important listener questions: How much should you really spend on an engagement ring, and what's the biggest financial mistake a man can make in his 30s?Resources:8 Money MilestonesAsk a Money Question!

What separates businesses that last from those that get left behind? In this episode of The Winning Coach, Pat Rigsby breaks down one of the most important business concepts he ever learned from Warren Buffett: building a competitive moat. Too many business owners believe their marketing, technology, or social media is what makes them different. The truth? If your competitors can buy it, copy it, or outsource it, it's not a competitive advantage. Pat explains how the best gym owners, coaches, entrepreneurs, and leaders create businesses that are difficult to replicate by combining consistency, relationships, culture, and unique strengths into something competitors simply can't match. Whether you're growing a fitness business, leading a coaching practice, running a sports program, or building any service-based business, this episode will help you identify what truly separates you from the competition—and how to double down on it. In this episode, you'll learn: Why Warren Buffett values businesses with a moat What a real competitive advantage actually looks like Why marketing tactics and technology aren't enough How consistency becomes a long-term business asset Why relationships outperform transactional selling How combining your strengths creates a category of one Practical ways to build a business that's difficult to copy If you're looking to grow your gym, coaching business, or company with sustainable, long-term success instead of chasing the next trend, this episode is for you.

Murphy gets a surprise 5 years in the making when the current owner brings back his dad's 1966 red Corvette! Plus, why Warren Buffett"s advice in the AI age, and Jodi shares her weird-but-wonderful coleslaw recipe.See omnystudio.com/listener for privacy information.

Get the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today's episode into an actionable plan? Join the Optimal Living Weekly newsletter and I'll send you our 200-page digital workbook immediately. It's packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: ⁠https://oldpodcast.eo.page/join⁠ Discover all of the podcasts in our network, search for specific episodes and learn more at:⁠ OLDPodcast.com⁠. Episode 3636: Andrew explains how index funds offer a simple, low-cost way to invest by tracking major market indexes instead of trying to beat them. Learn why these diversified funds have outperformed most actively managed funds over the long term and why investors like Warren Buffett recommend them for retirement savings. Read along with the original article(s) here: https://www.dollarafterdollar.com/what-is-an-index-fund/ Quotes to ponder: "Index funds are great for anyone who wants to invest passively." "Passive fund management tends to lead to better performance in the long term." "Only 13% of around 8,000 mutual funds are able to achieve outperforming the market index!" Episode references: S&P 500 Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ John C. Bogle: https://www.britannica.com/biography/John-Bogle MSCI EAFE Index: https://www.msci.com/indexes/index/990300 Russell 2000 Index: https://www.ftserussell.com/products/indices/russell-us NASDAQ Composite Index: https://www.nasdaq.com/market-activity/index/comp Bloomberg U.S. Aggregate Bond Index: https://www.bloomberg.com/professional/product/indices/bloomberg-fixed-income-indices/ The Vanguard 500 Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vfiax Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the 200+ Page Optimal Living Daily Workbook (PDF) — Free. Want to turn today's episode into an actionable plan? Join the Optimal Living Weekly newsletter and I'll send you our 200-page digital workbook immediately. It's packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: ⁠https://oldpodcast.eo.page/join⁠ Discover all of the podcasts in our network, search for specific episodes and learn more at:⁠ OLDPodcast.com⁠. Episode 3636: Andrew explains how index funds offer a simple, low-cost way to invest by tracking major market indexes instead of trying to beat them. Learn why these diversified funds have outperformed most actively managed funds over the long term and why investors like Warren Buffett recommend them for retirement savings. Read along with the original article(s) here: https://www.dollarafterdollar.com/what-is-an-index-fund/ Quotes to ponder: "Index funds are great for anyone who wants to invest passively." "Passive fund management tends to lead to better performance in the long term." "Only 13% of around 8,000 mutual funds are able to achieve outperforming the market index!" Episode references: S&P 500 Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ John C. Bogle: https://www.britannica.com/biography/John-Bogle MSCI EAFE Index: https://www.msci.com/indexes/index/990300 Russell 2000 Index: https://www.ftserussell.com/products/indices/russell-us NASDAQ Composite Index: https://www.nasdaq.com/market-activity/index/comp Bloomberg U.S. Aggregate Bond Index: https://www.bloomberg.com/professional/product/indices/bloomberg-fixed-income-indices/ The Vanguard 500 Index Fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vfiax Learn more about your ad choices. Visit megaphone.fm/adchoices

Wall Street sort d'une semaine noire sur les semi-conducteurs, mais faut-il vraiment paniquer ? Dans ce Morning Mood du lundi 20 juillet, on remet les pendules à l'heure. Le SOXX qui perd plus de 10%, ce n'est pas la fin d'un cycle, c'est une respiration saine sur des valorisations tendues, et le genre de repli qu'on accumule par paliers plutôt que de le fuir.Au menu du jour: le pétrole qui repasse au-dessus de 90 dollars sur fond d'escalade au Moyen-Orient et de détroit d'Ormuz sous tension, IBM qui signe la pire perte hebdomadaire de son histoire avec cette bascule des budgets du logiciel vers l'infrastructure IA, et Warren Buffett qui ressort son avertissement de l'an 2000 tout en gardant un matelas de cash record. On décrypte aussi pourquoi 88% des sociétés qui publient battent les attentes sans que ça suffise à rassurer le marché.Et surtout, la grosse semaine se prépare: Tesla et Alphabet publient mercredi soir, la BCE tranche jeudi, et ces rendez-vous peuvent relancer toute la machine tech. On fait le point sur les niveaux à surveiller et sur la bonne posture pour traverser la volatilité sans se faire secouer.

The legendary American Football coach, Vince Lombardi, said: “It's not whether you get knocked down, it's whether you get up."  Now that's true in American Football, and it's also true in life.  No matter how well you plan your day or your week, your plan will inevitably get attacked by outside influences.  A disorganised, reactive boss, a tired son or daughter who won't get out of bed in the morning, a traffic jam on the way to an important meeting, or your accountant telling you that you need to pay a big tax bill.  These are all sudden, impossible to plan for attacks on your carefully planned day.  Having a plan is one part of a productive day. Having an arsenal of tools to defend your plan is another. And it's that part that most people never prepare for.  In this week's episode, I will share with you a few ideas that will help you defend your plan and show you how to get back on track if you are prevented from following it through.  Let's go. Links: Email Me | Twitter | Facebook | Website | Linkedin   Learn more about the Quiet Productivity Method here Get Your Copy Of Your Time, Your Way: Time Well Managed, Life Well Lived Plan Your Week With Me: The Weekly Planning Matrix.   The Working With… Weekly Newsletter Carl Pullein Learning Centre Carl's YouTube Channel Carl Pullein Coaching Programmes Subscribe to my Substack  The Working With… Podcast Previous episodes page   Script |425 Hello, and welcome to episode 425 of the Your Time, Your Way Podcast. A podcast to answer all your questions about productivity, time management, self-development, and goal planning. My name is Carl Pullein, and I am your host of this show.  Whenever I ask a client how their week went, most answers are negative.  They usually go something like: “Well, it started well. I got everything I wanted done on Monday and Tuesday completed, but then I had to suddenly go out to see a customer on Wednesday morning, and that just threw me off track. I didn't get back to the office until 4ish, and then I had to report back to my boss. That went on until 6:00 pm. Argh! It was a disaster”  Well, was is a disaster?  Perhaps not. All it was was one day out of five that did not go as planned.  It's possible that a day like this will have put you behind on your plan for the week. It could also mean that getting everything you want done that week will no longer be possible. But that does not necessarily mean it's become a disaster.  The issue really is not preventing things from going wrong; that would be a challenge beyond almost everyone. Instead, the focus should be on recovering from an unexpected event or interruption to minimise the damage to your plan.  And in this week's episode, I will share a few ideas to help you quickly get back on track after one of these inevitable, unexpected events. But before I do that, I'd like to hand you over to the Mystery Podcast Voice for this week's question, but sadly, once again, she's sunning herself in a resort somewhere, so I'm afraid it's me reading out the question again.  This week's question comes from Will. Will asks, “ Hi Carl, I've finally become consistent with my weekly planning (thank you for the tip about doing it on a Saturday morning). My problem now is when I look at my plan at the end of the week, I've got practically none of it done. There's always some emergency that throws me off my plan. How do I get myself to stay on track?” Hi Will,  Thank you for your question.  Now, the first thing I would tell anyone is not to go for perfection. If you have ten things that you plan to get done over the next seven days but only manage to do seven, I would say that was a pretty good week.  You did seven important things that you wanted to do. That's a 70% success rate. I'd take that.  The reality is you are unlikely to ever hit 100%. I know I never have; in fact, I don't think I've ever met anyone who has.  There are just too many things that can happen that will throw you off track. Plus there's the human side of things too.  We often expect to be able to do far more than is possible, and then there's always a missing piece of information that you need to ask someone else for, and they are away all week at a conference and won't be able to send it to you until next week.  There could be a proposal you submit, anticipating approval, only to have it sent back to you for adjustments that will then require resubmitting.  None of these can be anticipated; building in some buffer time can help, but it's still not likely to give you a 100% success rate.  If you are hitting 100% consistently, that's likely to suggest that you are not pushing yourself hard enough to develop, but that's a whole different story.  One trick I often suggest to my coaching clients is to build in a “catch-up” afternoon, or, if you can, a “catch-up day”, later in the week where you avoid scheduling meetings or other commitments and keep it free for catching up on anything you may have fallen behind with. For example, I don't schedule anything on a Thursday afternoon. I often have meetings mid-morning (I think of it as a calls day), and one task: writing this script.  Other than that, there's nothing. This means that if I am behind on anything, I have a whole afternoon to catch up. (There's always something I will be behind on) This week, I am behind on a few videos I want to record. Should have got them done yesterday, but I ran out of time. So, this afternoon I will be recording.  Another tip is to look at your weekly plan not as a task-level plan, but as a set of objectives. In other words, plan for bigger things such as making progress on a project, getting four exercise sessions in, clearing a backlog or resolving an issue with a customer.  This is a reason why I developed the Weekly Planning Matrix. It's four squares representing four areas of your life:  Core work: the work you are employed to do. (Just as an aside here, if you're a part of my Learning Centre, last week's Learning Note has an excellent example of how Warren Buffett identified his core work) Projects and issues: these are the higher-level things you want to make progress on professionally. Personal: For things that need addressing in your personal life, such as scheduling a doctor's appointment, deciding how many exercise sessions you will do, etc.  And finally, the radar, which is for things you do not need to do anything about but should be aware of. For instance, if your in-laws are coming round for a few days later this month, or you're waiting for a package to be delivered.  Because you're limited for space in each square, you become mindful about trying to do too much. If your projects and issues square is full, and next to that you see all your core work tasks, you will instantly see if you are being over-optimistic about what you can get done that week.  I'll leave a link to a video I did on doing the Weekly Planning Matrix in the show notes for you. The next idea is related to your daily planning.  Because it is almost inevitable that an unexpected event will occur at some point during the week, your daily planning can be used to reassess your weekly plan.  Let me give you an example from my week this week. I planned to record some additional videos on Tuesday, but when I went to set things up, I discovered that the local government had decided Tuesday was a great day to dig up the road right outside my office. Jackhammers, reversing vehicle warning beeps, and road cleaners were all in full operation. It was an orchestra of wonderful modern city life noise That plan had to be scrapped. So, I looked at my calendar and saw that Thursday afternoon was clear (it always is, remember, for catch-up), so I moved the time block to Thursday afternoon.  Now, I did that calendar adjustment as soon as I realised I wasn't going to be able to record the videos, but I could easily have left it until later in the day, when I did my daily planning.  That's why your daily planning is so useful. It allows you some time each day to step back, reassess your plan for getting the important things done and make any alterations based on the new information you have.  And that brings me onto the timing of your daily planning.  Time and time again, when one of my clients switches over to planning their day the evening before, they tell me that it was life-changing.  It's life-changing because you will immediately discover your evenings are more relaxing. Once you've planned the day, your brain lets go of all the stuff you're feeling a little anxious about. It quietens down.  You also find you sleep better because you know what you will be doing the next day and that all your “bases” are covered, so to speak. No more “oh Crikey. I forgot to do X” just as you're drifting off to sleep.  And when you begin your day, you're already clear about what needs to be done. That gives you a tremendous amount of focus and prevents you from going looking for trouble by looking at your actionable email, sifting through Slack or Teams messages or going into Jira looking for open tickets.  Now, I know all that's well and good, but what happens if one of these legendary Unexpected Events happens when you're in the middle of doing your most important work for the day?  This is the proverbial Vince Lombardi's “getting knocked down” situation. And as Vince Lombardi says, it's all about getting back up again once you've been knocked down.  The only thing I've found that works here is that once you've dealt with the Unexpected Event, pause. Yes, that's right. Stop.  Just briefly. Look at your calendar and see when your next committed appointment is, and take a look at your prioritised task list and see what's left to do. Often you will find that now that you no longer have the time you thought you would have, some of the remaining tasks can be rescheduled to another day.  You may need to send a quick message to someone who is expecting something from you, but what you want to be doing is resetting your priorities based on the time you have left.  For those of you who wisely set aside time to deal with your actionable emails and messages, you could reduce the time you spend there. For instance, if you have an hour protected for admin and communications later in the day, cut it to 30 minutes.  Remember, with things like messages and emails, one is always greater than zero. Giving yourself thirty minutes today means you're not going to have to find an extra hour tomorrow. What was that old proverb, “a stitch in time saves nine”? Something like that.  I would add an extra tip here. Something I've found very helpful. That is to reassess your prioritised task list between each session of work.  Emails and messages, for example, can be devastating to even the best-laid plans. Given that most of us check our messages between sessions of work anyway, there's always the danger that you'll find an Unexpected Event” that requires thirty minutes or so of your time.  So, give yourself a few minutes away from your desk and mentally re-evaluate your plan for the day. Be comfortable switching things around. For example, if you have to attend an unplanned meeting after lunch, you may find that moving your communication and admin time forward will reduce any pressure you may feel after the meeting.  So there you go, Will. I hope that has helped. Thank you for your question and thank you to you too for listening.  It just remains for me now to wish you all a very, very productive week.   

Francisco Burgos, director de Relaciones Institucionales de Cobas Asset Management, visita Tu Dinero Nunca Duerme. En esta edición veraniega de Tu Dinero Nunca Duerme, el programa de educación financiera de esRadio, se presenta un capítulo especial de repaso sobre los fundamentos de la filosofía de inversión de tipo valor. El espacio cuenta con la participación de Francisco Burgos, director de Relaciones Institucionales de Cobas Asset Management, junto a los colaboradores habituales Manuel Llamas, Domingo Soriano y Vicente Varó. Durante la tertulia, se desglosan conceptos técnicos clave como el ROCE (retorno sobre el capital invertido), una métrica fundamental para medir la calidad de un negocio, y las ventajas competitivas, explicadas mediante el símil del foso de un castillo de Warren Buffett. Además, se debate ampliamente el valor de las empresas familiares, destacando la alineación de intereses que se produce cuando una familia o un accionista de referencia busca la creación de valor a largo plazo, en contraste con los incentivos cortoplacistas de directivos externos. Otro de los puntos destacados de la conversación es el papel de la inteligencia artificial (IA) en el sector financiero. Mientras que la tecnología agiliza el análisis cuantitativo y la recopilación de datos, los expertos coinciden en que el factor humano sigue siendo insustituible a la hora de realizar valoraciones cualitativas, visitar fábricas y calibrar la confianza que transmite un equipo gestor. En este sentido, se analiza cómo sectores tradicionales como el petróleo y el gas se benefician de forma indirecta de la irrupción de la IA debido a la creciente demanda de energía que esta requiere. Finalmente, se subraya la importancia del horizonte temporal de inversión, una de las mayores ventajas con las que cuenta el pequeño inversor frente a los grandes fondos institucionales, obligados a reportar resultados en plazos mucho más breves. El programa concluye con una reflexión sobre la necesidad de mantener la calma ante la volatilidad del mercado y confiar en que, en el largo plazo, el precio de una acción terminará reflejando la verdadera capacidad de generación de beneficios de la compañía.

Ai offers so much for modern business. The problem is, most people don't know what they need. In this episode we help you construct a partial Ai version of your dream mentor: Buffet, Hormozi, Jobs etc. Can't afford 7-8 figures mentor fees? No worries. Let Ai construct your Mentor knowledge base and get a virtual mentor for free. Dive in now while this is still up (hoping we don't get a C&D letter for this episode!)   #alexhormozi #hormozimentor https://dentco.us https://instagram.com/dentcopdr  

Ralph welcomes back his old running mate, Native American activist, Winona LaDuke, who has devoted her life to advocating for Indigenous control of their homelands, natural resources, and cultural practices to talk about her latest incarnation: hemp farmer. Then, we'll speak to Hal Weitzman, from the University of Chicago's Booth School of Business, about how Elon Musk's feud with Delaware may transform corporate America. Plus, we tick off Robert Reich's ten policy prescriptions the Democratic Party should fight for to beat the GOP in the upcoming midterms.Winona LaDuke is an activist, economist, and author, who has devoted her life to advocating for Indigenous control of their homelands, natural resources, and cultural practices. She is also a two-time vice-presidential candidate with Ralph Nader. Ms. LaDuke lives and works on the White Earth Ojibwe reservation in northern Minnesota, where she runs Winona's Hemp & Heritage Farm. She is also a member of the Indigenous Hemp & Cannabis Farmer's Cooperative.I'm looking first at seed sovereignty. We're growing [European hemp] varieties and then we're growing these feral hemp varieties. They're called feral varieties (which of course, that's something that I love) which means that when they eradicated hemp in the 1930s with the Marijuana Prohibition Act—well, they missed some spots. And those guys kept growing. And so 80 years of being illegal—isn't that great? Something that's illegal for 80 years is still with us, rocking out. And so I figure if you grew illegally for 80 years, you are really a tough hemp plant…And so we are growing out these hemp varieties and built a cooperative because we want to own the seeds and we want to own the technology (the value-added processing), and we want to use this hemp as a part of our future as tribes.Winona LaDukeMy grandsons are farming. I don't know who else can say their grandchildren are farming—let me know. My grandchildren are farming. They're running the horses. They're running the farms. You know, that's a retirement plan. My 401k will be worth nothing, but my grandchildren will feed me. This is my strategy.Winona LaDukeHal Weitzman is Executive Director for Intellectual Capital at the University of Chicago Booth School of Business, editor-in-chief of Chicago Booth Review, and host of The Chicago Booth Review podcast. A former Financial Times editor and foreign correspondent, he is the author of Latin Lessons: How South America Stopped Listening to the United States and Started Prospering and What's the Matter with Delaware?: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All.There is a race to the bottom. There's been a race to the bottom for many decades. That's not new. I think it's accelerated somewhat. Delaware has joined that race from having been something of a “premium product” in terms of incorporating companies—Delaware has become a bit more “cut-price” I would say, and in that sense has followed Texas and Nevada. So the conclusion that we have a race to the bottom and it may be worse than Delaware—actually I think Delaware's already there. So it's not that it's getting worse outside of Delaware, it's getting worse including Delaware.Hal WeitzmanThe trend I think we're seeing is the exclusion of small shareholders completely—regardless of the status of your shares, this is about how big you are. And if you're a small shareholder there is no corporate democracy for you… It was practice in the past for activist groups, campaigning groups, to buy one share of a company and then to go to the shareholder meeting so they could make the point that they wanted to make. Now that kind of shareholder democracy is being encroached on. And the extent now is to say: unless you have a large position (regardless of the size of the company and the cost of the shares), you will not be allowed to bring suits against the executives for the correct running of the company.Hal WeitzmanNews 7/17/26* Our top story this week is New York Governor Kathy Hochul's decision to impose a one-year “pause” on the construction of AI data centers across the state. ABC7 reports that this is the first such moratorium in the nation, despite similar attempts in several states, most notably Maine where Governor Janet Mills vetoed a bill to this effect. Hochul argues that the pause is necessary so lawmakers and regulators can formulate “Guardrails to reduce the risk to our energy grid, minimize land disruption, noise pollution, and protect our natural resources, especially our water supply.” Hochul's move comes amidst a broader push against AI data centers from the left. Semafor reports Senator Bernie Sanders proposed a nationwide ban in March and many progressives running for state and local office in the midterms have made this a cornerstone of their campaigns. According to this piece, “In February, polling from Marquette Law School found 70% of all Wisconsinites agreeing that ‘the costs of the data centers outweigh the benefits.' Among Democrats, the number was 85%.”* Another progressive Member of Congress quite literally stepped into another hot-button political issue this week. While visiting a Palestinian village in the occupied West Bank Wednesday, Al Jazeera reports armed settlers stopped the van of Representative Ro Khanna and were “later joined by Israeli soldiers who continued to block the road.” In a video, Khanna points out, settlers can be seen “brandishing M4s [rifles], kicking the tyres of our van, laughing at us, mocking at us, videotaping us.” This continued for over an hour and was only resolved when he reached out to the American Embassy, according to Khanna. Israel has responded to this fiasco by blaming Khanna, accusing the congressman of failing to coordinate his trip with the Israeli government; Khanna retorted that “The [Israeli military] is lying” and called for the arrest of the violent settlers. Conservative political commentator Tucker Carlson excoriated U.S. Ambassador to Israel Mike Huckabee, writing “An American member of congress is threatened by foreign terrorists carrying American rifles, backed by a foreign military paid for by American taxpayers, and the US ambassador to that country says not a word in defense of his own countryman…It's too much, too insulting and humiliating to America.”* Following his return from occupied Palestine, Khanna again teamed up with Republican Congressman Thomas Massie of Kentucky to sponsor an amendment to the National Defense Authorization Act (NDAA) which would have removed the “United States-Israel Defense Technology Cooperation Initiative” from the must-pass legislation. Responsible Statecraft describes the initiative as “an unprecedented integration of the U.S. and Israeli military industrial complexes,” by creating “an executive agent within the Department of Defense whose sole responsibility is furthering U.S. and Israeli military tech integration across nearly every facet of the defense process.” This article also notes that “Israeli Prime Minister Benjamin Netanyahu has described this shift in the U.S.-Israel relationship as ‘my plan.'” However, House leadership is not backing this commonsense, bipartisan amendment. In a letter, Minority Leader Hakeem Jeffries said he would vote against the amendment, calling it “overly broad” and claiming the amendment would “restrict our country's ability to confront Hamas, Hezbollah and other terrorist organizations in the region who are sworn enemies of both the United States and Israel,” per the Times of Israel. However, Jeffries pledged not to whip votes against the amendment and indeed the House Minority Whip, Congresswoman Katherine Clark, voted for the amendment as did Speaker Emerita Nancy Pelosi, despite the opposition of Jeffries and House Democratic Caucus Chair Pete Aguilar. The Congressional Progressive Caucus reportedly whipped votes in favor of the amendment.* In more Israel-related news, this week Marco Rubio – who serves as Secretary of State as well as the acting National Security Advisor – announced that the State Department will launch a “sweeping campaign to dismantle…the International Criminal Court.” CNN observes that “The administration's ire against the ICC goes back to President Donald Trump's first term, when it targeted the ICC for seeking to investigate alleged war crimes committed by US forces in Afghanistan,” and that since taking office for the second time, the Trump administration has “imposed a slew of sanctions against ICC officials for their attempts to investigate the US and Israel.” CNN also quotes a State Department official who said that top officials, including Secretary Rubio and US ambassadors, “are calling countries as part of a campaign to diplomatically isolate the International Criminal Court.” It is worth noting that “all American presidents since the ICC's ratification have maintained that the ICC does not have jurisdiction over Americans,” and that Congress even passed a law calling for an invasion and occupation of the Hague if any American serviceman was ever prosecuted by the ICC, implying that this crackdown on the court is not about American sovereignty at all but rather the prosecution of Israeli officials for their war crimes in Gaza.* In another stunning story starring Marco Rubio, the New York Times reports the Secretary of State is functionally “running Venezuela from afar.” The Times story characterizes Rubio's position as the “de facto viceroy of Venezuela,” effectively controlling the country's “finances, the distribution of its natural resources and its government.” This story makes clear that while Delcy Rodríguez, the former Vice President of Venezuela under Nicolás Maduro, nominally occupies the presidency, Rubio is the one really calling the shots, with Rubio setting the conditions on what Venezuela's export revenue “can be spent on, and by whom,” and having the authority to approve or deny key governmental appointments in the country, such as the minister of defense. In short, the United States has established a shocking explicitly neo-colonial regime in the country, fulfilling the gravest prognostications of anti-imperialist critics of American intervention in the Bolivarian Republic.* Closer to home, Bloomberg reports the federal government has officially launched a grand jury investigation into the United Auto Workers and the union's outspoken president, Shawn Fain. The investigation stems from accusations made by the union's Vice President, Rich Boyer, who alleged that Fain used his position to secure benefits for his fiancée and her sister – and when Boyer refused to approve the benefits, Fain retaliated by stripping Boyer of his duties as chief negotiator with Stellantis NV. Fain has called the allegations “false” and is accusing Boyer of seeking to influence the upcoming UAW leadership election. Fain also claims that Boyer is the one retaliating after Fain “refused the vice president's request to hire family members to positions in the union.” Fain has long maintained that the Justice Department, and specifically the DOJ-appointed monitor, Neil Barofsky, has a political grudge against him because “the UAW took an anti-war stance about what was happening in Gaza.” According to Bloomberg, “Both Fain and Boyer have slates running and each is accusing the other of attempting to abuse their positions to benefit family.”* This week, another victim of harassment by the federal government, student activist Mahmoud Khalil, filed a landmark civil rights suit alleging that the government conspired with a number of private groups – including the Heritage Foundation, Betar, and Canary Mission – to “suppress criticism of Israel through a coordinated campaign to dox, jail and ultimately deport student activists.” According to the lawsuit, said activists were “nearly automatically targeted by the Federal Defendants for arrest and removal.” Khalil's lawyers argue that this “public-private partnership” could violate the “Ku Klux Klan Act, a Reconstruction-era law that sought to restrict government coordination with vigilante groups.” The suit is led by the Center for Constitutional Rights. The AP reports “Soon after his arrest, both Canary Mission and Betar boasted of their role in flagging Khalil's noncitizen status to the government.” Since Khalil's arrest, Betar has agreed to “dissolve its nonprofit status,” following a lawsuit filed by New York Attorney General Letitia James accusing Betar's members of harassing Palestinians.* Turning to the state level, this week 12 state attorneys general, led by California's Rob Bonta, filed an antitrust lawsuit seeking to block the acquisition of Warner Bros. Discovery by Paramount Skydance, controlled by the Trump-aligned David Ellison. The proposed, $110 billion merger was approved by the Antitrust Division of the Justice Department last month, which reached the dubious conclusion that the merger is “not likely to result in harm to competition or American consumers.” In the filing, Bonta and the state AGs for Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington allege that the merger “would extinguish competition between Paramount and Warner Bros. and inflict substantial harm on movie theatres, basic cable distributors, and, ultimately, audiences nationwide.” This from Reason.* In the world of philanthropy, CNBC reports Warren Buffett, the billionaire chairman of Berkshire Hathaway, has “excluded the Gates Foundation from his sizable annual charitable donations.” As this report notes, the Gates Foundation has been among the top recipients of his annual Berkshire donations, totaling $47 billion worth of Berkshire stock since 2006. The reason for the exclusion of the Gates Foundation has been much speculated upon, in particular, whether it was due to the recent revelations about Gates' relationship with Jeffrey Epstein. Asked about this, Buffett said that he had “read a great deal…in terms of what happened, with Bill and Epstein,” calling their relationship “distasteful,” but also saying that he “found nothing in there that was beyond what [he] could picture [himself] doing.” Instead of the Gates Foundation, all of this year's donations will go to foundations linked to the Buffett family.* Finally, British multinational diamond conglomerate De Beers, famous for coining the “A Diamond is Forever” tagline in 1947, reported this week that they plan to halt work at their “flagship” Venetia mine in South Africa as demand for the stones wanes. The BBC highlights both slackening consumer demand as well as competition from lab-grown diamonds, particularly those produced in China. That said, the closing of the Venetia mine – the biggest in South Africa, accounting for over 40% of the country's diamond production – will send shockwaves through that country's already shaky economy. That mine alone employs more than 4,000 people, while the mining sector employs nearly half a million. De Beers said they plan to reopen the mine in two years; in the meantime, they are looking to expand copper mining to keep up with demand from AI data centers.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

When should you sell a stock that's been one of your biggest winners? According to veteran portfolio manager Jonathan Wellum of ROCKLINC Investment Partners, the default answer is almost never...unless the investment thesis has fundamentally changed. In this conversation with Maggie Lake, Wellum explains why long-term investors often hurt returns by selling too early, chasing market trends, or reacting emotionally to volatility. He outlines the three legitimate reasons to sell a stock, discusses why taxes shouldn't dictate investment decisions, explains how Warren Buffett approached trimming Apple, and shares why patience remains one of the greatest competitive advantages investors have. He also offers practical guidance on managing concentration risk, evaluating intrinsic value, and avoiding costly behavioral mistakes. If you're wondering whether it's time to take profits—or simply stay the course—this interview provides a disciplined framework for making better investment decisions.

In this episode, Scott Becker discusses the reported end of Warren Buffett’s long-standing philanthropic partnership with Bill Gates.

Warren Buffett left the Gates Foundation out of his annual charitable donations for the first time, directing roughly $6 billion in Berkshire Hathaway stock instead to four foundations connected to his family. The omission followed renewed disclosures about Bill Gates' meetings and correspondence with Jeffrey Epstein. Buffett also accelerated his broader estate plans, announcing that his remaining Berkshire shares, valued at nearly $146 billion, will be donated to those four foundations by December 31, 2034. The Gates Foundation has received most of Buffett's previous charitable giving, totaling more than $61 billion since 2006.Buffett and Gates were once exceptionally close, but Buffett said they had not spoken for months following the release of additional Epstein-related documents in late 2025. Gates has denied knowing about Epstein's crimes and has not been accused of wrongdoing, maintaining that he met Epstein because he believed the financier could help raise money for charitable projects. The Gates Foundation has hired an outside reviewer to examine its past engagement with Epstein and its procedures for vetting potential partners. Buffett declined to directly judge Gates' conduct, but said he wanted to avoid involvement in anything that might later become the subject of an investigation.to contact me:bobbycapucci@protonmail.comsource:Warren Buffett omits annual donation to Bill Gates' foundation after his Epstein ties were disclosed - ABC News

In this blockbuster edition of the Adult in the Room podcast, Victoria Taft deconstructs a series of massive political bombshells shattering the corporate media narrative. First, we preview Donald Trump's upcoming primetime address detailing four sets of newly declassified FBI, CIA, and ODNI documents that expose extensive Chinese database hacking and election infrastructure interference during the 2020 election. We also dig into the structural layout of voter registration rolls, including over 100,000 non-citizens, and review citizen journalist J.J. Smith's shocking undercover video catching cash-for-signature election fraud on the streets of San Francisco.

¿Cuándo fue la última vez que dijiste "no tengo tiempo"? Probablemente hoy. En este capítulo revisamos las ideas de dos pensadores separados por dos mil años que llegaron a la misma conclusión sobre por qué vivimos corriendo. Uno es Oliver Burkeman, periodista británico que pasó una década escribiendo sobre productividad para The Guardian y terminó concluyendo que todo el sistema está roto. El otro es Séneca, filósofo estoico que en el año 49 d.C. le escribió una carta a su suegro diciéndole exactamente lo mismo.Hablamos de:— Por qué mientras más eficiente te vuelves, menos tiempo tienes— Lo que pasa cuando una profesora de Harvard pone a sus alumnos a mirar una sola pintura durante tres horas— La lista de Warren Buffett que cambia la forma en que priorizas— Qué nos enseña el budismo y Thich Nhat Hanh sobre estar presente cuando todo te jala hacia "lo siguiente"Preguntas para reflexionar:¿Cuándo fue la última vez que tuviste un día sin prisa — no un día libre, un día sin la sensación de que deberías estar haciendo otra cosa?¿A qué le estás diciendo que sí esta semana que en el fondo sabes que no necesita tu tiempo?Si hicieras una lista de tus veinticinco prioridades, ¿cuáles serían tus cinco? ¿Y cuántas cosas de tu agenda pertenecen a las otras veinte?¿En qué momento de tu día estás realmente presente?¿Qué vas a soltar esta semana para hacer espacio a lo que realmente importa?Referencias: Burkeman, O. (2021). Four Thousand Weeks: Time Management for Mortals. Farrar, Straus and Giroux. · Séneca, L.A. (49 d.C.). De la brevedad de la vida. · Thich Nhat Hanh — enseñanzas sobre impermanencia y momento presente.Me encuentras en Instagram como @marisalazo.oficialKeywords: tiempo, productividad, prioridades, Oliver Burkeman, Séneca, estoicismo, Thich Nhat Hanh, meditación, impermanencia, presencia, Marisa Lazo, Compartiendo con Marisa Lazo

In this episode of The Missing Secret Podcast, John and Kelly discuss the concept of creating a nest egg so you can retire. In discussing this, Kelly notes that she was a saver from a young age. Literally putting aside 20% a year. She was taught this by her dad who made her read the classic book Richest Man in Babylon. It truly is a fabulous book that really explains the concept of saving and compounding interest. John points out that he wasn't that enlightened when he was younger. He didn't really save in his 30s and 40s because he thought he would hit it big at some point in his entrepreneurial career. Fortunately he did. But it wasn't a good strategy not to be embracing savings from a young age.John talks about how when he sold his company he got a large amount of money. And his idea was he just had to get about 5% return on the money in order to pay all his living expenses. But he discovered something he wish he had been alerted to at a younger age. Investment planners and money managers always tell people to diversify as opposed to investing their money in the S&P 500. With the idea of avoiding that 30% drop in the market that happens about every 10 years. But John found that not to be good strategy. Inevitably, that strategy of diversification would maybe cost John 10% a year of less returns than he would've gotten if he had invested in the S&P 500.So John is now at the point of embracing the idea of just putting his money in the S&P 500 and not doing anything else. This is actually the strategy of Warren Buffett. He says that by investing in the S&P 500, you're investing in the United States. Which is the most powerful and innovative country in the world. And in the long run, that works out. Then John goes on to talk about the concept of never loaning money to anyone. Make that your golden rule. Kelly says she never learns money with the expectation of getting it back. And the last tidbit John talks about is never doing private investments or limited partnerships. Only invest in the S&P 500 and publicly traded stocks.The last thing John and Kelly talk about is clarity. Most people have about 40% clarity in their life. Watch what happens when you get it up to 100% clarity and you feed that clarity to yourself each day. Game changing. Buy John's book, THE MISSING SECRET of the Legendary Book Think and Grow Rich : And a 12-minute-a-day technique to apply it here.About the Hosts:John MitchellJohn's story is pretty amazing. After spending 20 years as an entrepreneur, John was 50 years old but wasn't as successful as he thought he should be. To rectify that, he decided to find the “top book in the world” on SUCCESS and apply that book literally Word for Word to his life. That Book is Think & Grow Rich. The book says there's a SECRET for success, but the author only gives you half the secret. John figured out the full secret and a 12 minute a day technique to apply it.When John applied his 12 minute a day technique to his life, he saw his yearly income go to over $5 million a year, after 20 years of $200k - 300k per year. The 25 times increase happened because John LEVERAGED himself by applying science to his life.His daily technique works because it focuses you ONLY on what moves the needle, triples your discipline, and consistently generates new business ideas every week. This happens because of 3 key aspects of the leveraging process.John's technique was profiled on the cover of Time Magazine. He teaches it at the University of Texas' McCombs School of Business, which is one the TOP 5 business schools in the country. He is also the “mental coach” for the head athletic coaches at the University of Texas as well.Reach out to John at john@thinkitbeit.comLinkedIn: https://www.linkedin.com/in/john-mitchell-76483654/Kelly HatfieldKelly Hatfield is an entrepreneur at heart. She believes wholeheartedly in the power of the ripple effect and has built several successful companies aimed at helping others make a greater impact in their businesses and lives.She has been in the recruiting, HR, and leadership development space for over 25 years and loves serving others. Kelly, along with her amazing business partners and teams, has built four successful businesses aimed at matching exceptional talent with top organizations and developing their leadership. Her work coaching and consulting with companies to develop their leadership teams, design recruiting and retention strategies, AND her work as host of Absolute Advantage podcast (where she talks with successful entrepreneurs, executives, and thought leaders across a variety of industries), give her a unique perspective covering the hiring experience and leadership from all angles.As a Partner in her most recent venture, Think It Be It, Kelly has made the natural transition into the success and human achievement field, helping entrepreneurs break through to the next level in their businesses. Further expanding the impact she's making in this world. Truly living into the power of the ripple effect.Reach out to Kelly at kelly@thinkitbeit.comLinkedIn: https://www.linkedin.com/in/kelly-hatfield-2a2610a/Learn more about Think It Be It at https://thinkitbeit.com/LinkedIn: https://www.linkedin.com/company/think-it-be-it-llcFacebook: https://www.facebook.com/thinkitbeitcompanyThanks for listening!Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.Do you have some feedback or questions about this episode? Leave a comment in the section below!Subscribe to the podcastIf you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app.Leave us an Apple Podcasts reviewRatings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.

In this episode, Scott Becker discusses the reported end of Warren Buffett’s long-standing philanthropic partnership with Bill Gates.

Warren Buffett left the Gates Foundation out of his annual charitable donations for the first time, directing roughly $6 billion in Berkshire Hathaway stock instead to four foundations connected to his family. The omission followed renewed disclosures about Bill Gates' meetings and correspondence with Jeffrey Epstein. Buffett also accelerated his broader estate plans, announcing that his remaining Berkshire shares, valued at nearly $146 billion, will be donated to those four foundations by December 31, 2034. The Gates Foundation has received most of Buffett's previous charitable giving, totaling more than $61 billion since 2006.Buffett and Gates were once exceptionally close, but Buffett said they had not spoken for months following the release of additional Epstein-related documents in late 2025. Gates has denied knowing about Epstein's crimes and has not been accused of wrongdoing, maintaining that he met Epstein because he believed the financier could help raise money for charitable projects. The Gates Foundation has hired an outside reviewer to examine its past engagement with Epstein and its procedures for vetting potential partners. Buffett declined to directly judge Gates' conduct, but said he wanted to avoid involvement in anything that might later become the subject of an investigation.to contact me:bobbycapucci@protonmail.comsource:Warren Buffett omits annual donation to Bill Gates' foundation after his Epstein ties were disclosed - ABC NewsBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

In Belf's News Gallery, Greg Belfrage goes over the latest in trending news including U.S airstrikes in Iran, ICE and Trump, Pete Hegseth and testosterone screenings, Todd Blanch at his confirmation hearing, sulfuric acid attack in Jersey City, Warren Buffet breaks away from Bill Gates, and more...See omnystudio.com/listener for privacy information.

A sell-off in semiconductor stocks sent Wall Street lower overnight, with the Australian share market set to edge down at the open. Meanwhile, geopolitical tensions in the Middle East continue to influence commodity prices, with mixed results across metals and oil. Plus, at 95 years old, Warren Buffett shares his latest thoughts on rising inflation. James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Investing Guide: https://clickhubspot.com/epkr Episode 841: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to legendary investor Howard Marks about AI and making decisions in the face of fear and uncertainty.  — Show Notes: (0:00) AI Hurtles Ahead (8:26) second level thinking (10:21) investing through the end of the world (14:47) raising $11B at a time of crisis (17:54) investing with fear (20:22) the key to a successful partnership (25:01) being a good father (27:37) only 1 success: to live your life your way (34:17) Having lunch with Warren Buffett (37:18) What people don't know about Buffett (39:37) cigar butt investing (41:35) recommended reading — Links: • AI Hurtles Ahead - https://www.oaktreecapital.com/insights/memo/ai-hurtles-ahead  • A Short History of Financial Euphoria - https://www.amazon.com/History-Financial-Euphoria-Penguin-Business/dp/0140238565  • Fooled by Randomness - https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219  — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Shaan uses Mercury for banking across all of his companies. you can too: http://mercury.com/  Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

You've been staring at AI like it's a magic trick you'll never understand. You've watched everyone else claim they're 10x more productive while you're still Googling how to write a better prompt. Here's the truth: AI isn't going to replace you because it's smarter. It's going to replace you because someone else learned how to use it and you didn't. Geoff Woods is the author of The AI Driven Leader and has spent years teaching normal people how to use AI to solve real problems, not just write better emails. He's worked with venture backed companies, public corporations, and CEOs racing toward exits, and in this episode, he's breaking down the exact framework that turns AI from a glorified search engine into a strategic thought partner that makes you think better, work faster, and solve problems you didn't even know you had. In this episode, you'll learn: The CRIT framework: Context, Role, Interview, Task, and why this four step process is the difference between AI slop and superhuman output Why asking AI questions is the worst way to use it and how making AI interview you instead unlocks insights you'd never think to share The 80/20 rule of AI: why most people waste time automating tasks that don't matter and how to identify the 20% that drives 80% of your results Why cognitive decline is the greatest risk with AI that nobody's talking about and how to use it in a way that makes your brain stronger, not weaker The AI board: how to build custom personas of Steve Jobs, Warren Buffett, and your future self to advise you every single day Stop treating AI like a shortcut. Start treating it like a thought partner. The people who master this won't just work faster. They'll think differently. Thanks to SoFi for sponsoring this episode! Looking for funding to help grow your business? Get started at SoFi.com/Codie. #SoFiPartner #ad ___________ (00:00:00) Introduction: AI as a Thought Partner, Not Just an Assistant (00:01:14) The 300 Million Dollar Board Meeting: How AI Transformed a Hostile Relationship (00:06:30) The CRIT Framework: Context, Role, Interview, Task (00:11:20) The Saving Face Consortium: How AI Saved a Manufacturing Company from Bankruptcy (00:15:38) The Three Skills You Must Master to Harness AI Without Being Replaced (00:18:14) Speech to Text and Advanced AI Hacks: Playing AI Against Itself (00:22:29) The Sticky Note Trigger: How to Actually Change Your Behavior with AI (00:25:07) Agentic AI: The 18th Domino You Should Not Start With (00:29:05) The 80-20 Framework: Identifying What Actually Matters in Your Business (00:31:49) The Death of Entry-Level Work and What Skills Will Survive AI (00:34:34) Daycare Employees Versus Department Chairs: Own Your Job or Lose It (00:37:14) The AI Leadership Culture: Training People to Prioritize Without You (00:41:21) The Steve Jobs Manifesto: Using AI for World-Class Creative Output (00:43:28) Creating Your AI Writing Persona: The 20 to 50 Email Upload Method (00:47:13) Building Your AI Board: Steve Jobs, Warren Buffett, and Your Future Self (00:51:10) The Greatest Risk Nobody Talks About: Cognitive Decline and Mental Atrophy (01:00:49) Voice of Customer Agents and Real-Time Sales Coaching That Actually Works (01:03:37) The 30-Day CRIT Challenge: One Thing to Do Right Now to Transform Your Life ___________ MORE FROM BIGDEAL

Warren Buffett plans to give away all of his Berkshire shares within eight years, but he has ended his 20-year-long philanthropic relationship with the Gates Foundation. In a sit-down interview with Becky Quick, Buffett discusses the decision to omit the Gates Foundation from his annual charitable gift. Plus, Buffett explains Berkshire's expanded stake in Alphabet, and he weighs in on a market driven by speculative trading.    In this episode: Becky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Warren Buffett left the Gates Foundation out of his annual charitable donations for the first time, directing roughly $6 billion in Berkshire Hathaway stock instead to four foundations connected to his family. The omission followed renewed disclosures about Bill Gates' meetings and correspondence with Jeffrey Epstein. Buffett also accelerated his broader estate plans, announcing that his remaining Berkshire shares, valued at nearly $146 billion, will be donated to those four foundations by December 31, 2034. The Gates Foundation has received most of Buffett's previous charitable giving, totaling more than $61 billion since 2006.Buffett and Gates were once exceptionally close, but Buffett said they had not spoken for months following the release of additional Epstein-related documents in late 2025. Gates has denied knowing about Epstein's crimes and has not been accused of wrongdoing, maintaining that he met Epstein because he believed the financier could help raise money for charitable projects. The Gates Foundation has hired an outside reviewer to examine its past engagement with Epstein and its procedures for vetting potential partners. Buffett declined to directly judge Gates' conduct, but said he wanted to avoid involvement in anything that might later become the subject of an investigation.to contact me:bobbycapucci@protonmail.comsource:Warren Buffett omits annual donation to Bill Gates' foundation after his Epstein ties were disclosed - ABC NewsBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Jay Woods, chief market strategist at Freedom Capital Markets, says that the market has a "Janet Jackson - What Have You Done for Me Lately" attitude, which has made earnings cycles particularly volatile, and he thinks that will be amplified with the earnings on tap right now powering market moves, especially around market misses. While he believes earnings will be strong, he warns in the Market Call that "prices may not follow them," particularly as the market enters its slowest time of the year around a mid-term election cycle. Woods says that the stock market has seen a healthy rotation, but he expects a pullback before a year-end rally; in the meantime, he warns against chasing rallies. Adam Mead of Mead Capital Management and Watchlist Investing — author of "The Complete Financial History of Berkshire Hathaway" — talks about the evolution of legendary investors Warren Buffett and Charlie Munger, how the company they ran is changing with Buffett's retirement and the legacy they will; have in the decades ahead. The new edition of the book was inspired after Mead saw Buffett at Berkshire's annual meeting after the nonagenarian announced his retirement. Plus, Chuck answers a listener's question about hiring a financial adviser and whether working with the brand-name firm that has renewed its nationwide advertising blitz on television would be all that it's cracked up to be. (Spoiler alert: Not exactly.)

Warren Buffett says “never bet against America”. But plenty of people spent the last eighteen months doing exactly that — betting the dollar would be dethroned and the "Sell America" trade would finally pay off. They're still waiting. We ask whether the United States is still exceptional, or just expensive. And in the Dumb Question of the Week: Is the US the best performing stock market ever? --- Thank you to Raisin UK for sponsoring this episode. Receive a £100 welcome bonus when you register for a Raisin UK account using the code JULY100, open a fixed-rate bond with a term of 1 year or longer and deposit a minimum of £25,000 by 31 July 2026. https://raisin-uk.pxf.io/c/4012142/3930337/12683?sharedid=uk-cmp-bonus-pensioncraft-podcasts-0726 New customers only, terms apply. ---Get in touch

Muy buenos días, tenemos que hablar de la inflación en Estados Unidos porque vaya que sorprendió y llega en un momento en el nuevo líder de la Fed da más señales respecto a lo que el mercado pueda esperar sobre las tasas. ¿Quieren más combo reportes? Pues aunque no nos sorprenda, vamos con el de los bancos. Por qué IBM se desplomó en bolsa y de paso arrastró al sector del software. Otra startup de inteligencia artificial prepara su salida a bolsa. Hoy hay encuesta, hace mucho que no teníamos. Y Warren Buffet se va a deshacer de un  tesoro poco a poco. 

Στο 211ο podcast της στήλης Business & Marketing Tips της Athens Voice με τίτλο «Όποιος βιάζεται, σκοντάφτει», μιλάμε για μια από τις μεγαλύτερες παγίδες της σύγχρονης επιχειρηματικότητας: τη βιασύνη. Σε μια εποχή όπου κυριαρχεί το σύνθημα «think fast, move faster», εξετάζουμε γιατί οι σημαντικότερες επιχειρηματικές αποφάσεις χρειάζονται χρόνο, σκέψη και ψυχραιμία. Με αφορμή μια κλασική διαφήμιση του Jack Daniel's και παραδείγματα από επιχειρηματίες όπως ο Warren Buffett, ο Jeff Bezos και ο Charlie Munger, συζητάμε γιατί οι βιαστικές κινήσεις οδηγούν συχνά σε ακριβά λάθη, πώς η πίεση γεννά πανικό αντί για στρατηγική και γιατί οι δυνατές επιχειρήσεις, όπως και το καλό ουίσκι, χρειάζονται χρόνο για να ωριμάσουν.

In this episode, Scott Becker shares key business stories, including cooling inflation, IBM’s sharp decline, strong bank earnings, changes in Warren Buffett and Bill Gates’ relationship, and more.

The Wealth Nobody Sees: Why Frugal Always Beats Flashy   For years, Earl Yaokasin drove a 20-year-old Honda Civic to his kids' private school and parked it as far from the entrance as possible. He did not want anyone to see the car. The lot was full of Bentleys. He felt the embarrassment. Then he started talking to those families. Most had almost no savings. Some were on scholarship. The image of wealth and the reality of wealth were completely different balance sheets. Earl, who had been eating half a $5 Subway footlong for lunch since his first years in America, was the one with money. The wealth nobody sees is usually the wealth that is actually there. This episode traces what real wealth building looks like: the frugality that does not feel like deprivation because it is intentional, the investing discipline that compounds because it is patient, and the economic conditions quietly forming right now that most people are not prepared for.   In This Episode: Why spending two levels below your means is a compounding strategy, not a sacrifice, and how it starts from the first grade The real cost of confusing frugal with cheap, and which one actually costs more money over a decade What Earl discovered when he stopped hiding his Civic and finally talked to the Bentley families Why most financial advisors are quietly in debt, and the one question that screens them out immediately The K-shaped economy: who benefits from current conditions and who is being quietly squeezed Why the 2022 inflation spike may have been wave one of three, based on a century of historical patterns How Earl's daughters absorbed financial discipline through behavior observed at home, not through lectures   Key Insights: A Morningstar study cited by Earl shows fewer than half of fund managers globally have even one dollar of their own money in the funds they manage. Ask your advisor if they invest in what they recommend. The answer narrows the field quickly. GDP last year would have approached zero percent if AI spending were removed from the calculation. The headline number is a mirage for most of the economy. The US government spent 6.5% more than it earned as a percentage of GDP in 2024, at levels seen historically only during the financial crisis and COVID. That is either preventing a recession or inflating a larger one. Kids learn financial behavior through observation, not instruction. Earl's daughters skip luxury goods not because they were told to, but because they have never watched their parents buy them. Great companies can surprise you to the upside in ways you will not predict. Earl's most expensive investing mistake was selling good companies because the price had risen past what he thought was fair value.   About Earl Yaokasin: Earl Yaokasin, CFA, is the founder of WealthArch Investment Services in Pasadena, CA, where he helps high-net-worth individuals and couples build wealth through value investing and personalized financial planning. With more than two decades of hands-on experience and a prestigious CFA designation, Earl blends the timeless principles of Warren Buffett with modern behavioral finance to help clients achieve financial independence. He invests his personal portfolio in exactly the same assets as his clients—reinforcing full alignment and transparency.   Earl takes pride in offering advice free of commissions, sales quotas, or gimmicks. His firm is 100% fiduciary, and his focus is on long-term results, not short-term hype. Through education, clear planning, and thoughtful market navigation, Earl empowers his clients to avoid common financial traps, stay on course during turbulent times, and reach their goals with clarity and confidence.   Links: https://mywealtharch.com/richersoul/ Website: https://mywealtharch.com/   LinkedIn: https://www.linkedin.com/in/earl-jordan-yaokasin-cfa-7350ab4b/   Facebook: https://www.facebook.com/earljordan.yaokasin   YouTube: https://www.youtube.com/@WealthArchInvestmentServices   X: https://x.com/Earl_Jordan   Watch the full episode on YouTube: https://www.youtube.com/@richersoul Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom! Thanks for listening! Show Sponsor: http://profitcomesfirst.com/ Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro appointment 15 minutes If you like the show please leave a review on iTunes: http://bit.do/richersoul https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com Some music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

A prominent billionaire has omitted a once-close friend from this year's list of charitable donations. The AP's Marcela Sanchez has more.

In this episode, Scott Becker shares key business stories, including cooling inflation, IBM’s sharp decline, strong bank earnings, changes in Warren Buffett and Bill Gates’ relationship, and more.

JP Morgan Chase, Goldman Sachs, CitiGroup, Bank of America, Wells Fargo: het cijferseizoen begint met vuurwerk. De Amerikaanse grootbanken verpletteren de verwachtingen. JP Morgan noteert zelfs met 21 miljard dollar de hoogste winst ooit voor de bank. Maar toch is één bank niet zo vrolijk. Ondanks een prachtig kwartaal waarschuwt Bank of America voor té enthousiaste beleggers. Waar komt dat recordkwartaal vandaan? En wat moet je nou doen met die waarschuwing? Deze aflevering zoeken we het voor je uit. Verder hebben we het over dé overnamedeal van het afgelopen halfjaar. Die van Warner Brothers Discovery door Paramount Skydance. De deal dreigt alsnog in het water te vallen, nu 12 Amerikaanse staten er bezwaar tegen hebben. Ze starten een rechtszaak omdat ze bang zijn dat klanten, bioscopen én distributeurs benadeeld worden door de overname. Je hoort ook nog over het drama bij tech-ancienne IBM. Daar verdampt een kwart van de waarde na een tegenvallend cijferrapport. En je komt erachter wat het geheim is van de 16-jarige die beter belegt dan jij. Te gast: Mike Mulders van ING Investment Office BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

Recorded live at the Retail Collective Summit, this keynote features Crystal Maggelet outlining her journey from a childhood trailer in Willard, Utah, to managing a multi-billion dollar diversified retail empire. Crystal delivers a masterclass in corporate survival, detailing her sudden appointment as CEO of FJM just three weeks into a massive, free-fall bankruptcy in 2008. She breaks down the strict operational discipline and strategic restructurings required to fully repay the company's massive obligations and successfully exit the crisis. The discussion maps out her subsequent focus on expanding Maverick, transforming it from a traditional fuel station into an experiential quick-service restaurant (QSR) powerhouse. She details how organic cash flow fueled their aggressive multi-state growth, culminating in the massive acquisition and total rebranding of 400 Kum & Go locations. Managing a diverse corporate portfolio spanning energy refineries, banking, hotels, and med spas, Crystal delivers the ultimate blueprint on decentralized executive leadership, corporate board structuring, and building a legacy rooted in employee profit-sharing and social impact.  

Find me on Substack, search for my name.Robert P. Miles is an author, educator, and the world's foremost authority on Berkshire Hathaway's management culture. Robert has written three bestselling books on Warren Buffett, created the only graduate MBA course dedicated to Buffett's philosophies, and founded the Value Investor Conference in Omaha. His journey from an entrepreneur to a globally recognized Buffett scholar began with a single Berkshire annual meeting in 1996 — and Warren Buffett himself has been paying attention ever since.Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/Notes:3:00 – Bob Miles is introduced as the world's foremost Berkshire Hathaway culture scholar, author of three (now four) bestselling Buffett books and creator of the only graduate MBA course on Buffett's philosophies.5:30 – His path began with Napoleon Hill's Think and Grow Rich and a failed high school "movie day" venture. The lesson that stuck: "you got to understand what business you're in."7:23 – His first 1996 annual meeting: Buffett tells a small shareholder, "between you and I we own half the company," and calls Wall Street "the legal pickpocket of the average investor."14:24 – The Dairy Queen story: a self-published "101 Reasons to Own Berkshire Hathaway," a line around the block, and Buffett walking through the door — leading to a two-book deal with Wiley.31:18 – On concentration: Buffett put 65% of his $20,000 net worth into Geico at 19, tied to his "star player" basketball analogy for conviction investing.36:41 – The three unchanging lessons of The Intelligent Investor — stocks are businesses, your partner is a manic-depressive Mr. Market, and margin of safety — because "principles are principles because they don't change."42:59 – A contrarian aside: private equity "has done more harm than good," with the Berkshire system as its inversion.53:43 – On Berkshire's real edge: "I see the moat as cash," the roughly $400 billion war chest that lets Ajit Jain write insurance the day after disasters strike.1:08:58 – On character over credentials: concentrating on admirable traits "there's no cost," regardless of background.1:10:34 – Miles' definition of success: stay humble enough to be taught, and "go to bed a little bit smarter" every day.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed.

The prevailing sentiment within the furniture industry is one of cautious anticipation, as current economic conditions have engendered a peculiar atmosphere characterized by stagnation in consumer spending, particularly on discretionary items such as sofas and dining tables. This week's analysis highlights a notable acquisition by Berkshire Hathaway, which has agreed to purchase the homebuilder Taylor Morrison for a substantial $8.5 billion; an event that some industry analysts interpret as a harbinger of potential recovery in the housing sector. As we delve deeper into the intricacies of this landscape, we shall explore the underlying factors influencing consumer behavior, including the significant demographic shifts among millennials who are increasingly entering their prime home-buying years. Moreover, we will examine the ramifications of recent promotional strategies that, rather than creating new demand, appear to merely redistribute existing consumer interest. As we navigate through these complex dynamics, we shall also address the pressing need for retailers to recalibrate their approaches to inventory and financing in order to align with the evolving consumer psyche. The current state of the furniture industry is indicative of broader economic uncertainties that are influencing consumer behavior and market dynamics. As we delve into the intricacies of this sector, we observe that a peculiar malaise has settled over the market, exacerbated by a confluence of factors such as soaring inflation, geopolitical tensions, and a housing market that has recently experienced a significant downturn. The prevailing atmosphere is characterized by consumers retreating to the safety of their homes, leading to diminished foot traffic in retail outlets and a resultant stagnation in sales figures. Publicly traded companies have reported a lack of growth, with many experiencing declines compared to the previous year, highlighting the challenges faced by the industry in attracting substantial investments in large-ticket items. Furthermore, even events like Amazon's Prime Day, which traditionally stimulate consumer spending, revealed a concerning trend of reduced average order values. However, amidst this landscape of hesitance and contraction, we note that some astute investors are positioning themselves strategically for a future recovery. Notably, Berkshire Hathaway's recent acquisition of Taylor Morrison signals a potential shift in the housing market's trajectory, as it marks a significant move by Greg Abel, Warren Buffett's successor. This acquisition is interpreted as a bullish indicator by seasoned dealmakers, suggesting that the fundamentals of the housing market remain strong, albeit currently obscured by short-term challenges. The underlying demographic trends, such as the increasing homeownership rate among millennials and a projected wealth transfer of $124 trillion over the coming decades, provide a foundation for optimism regarding future furniture demand. However, the consensus remains that any substantial recovery in the sector will likely align with housing market dynamics over the next 6 to 18 months, necessitating a prudent recalibration of inventory and financing strategies by retailers to better meet the evolving needs of consumers.

The future of Meta with Chief Data Officer Alex Schultz. Alex Schultz, Chief Data Officer at Meta, joins Sam for a wide-ranging conversation covering why Meta believes agentic commerce could become the majority of its business, why stablecoins are a foregone conclusion, and why human taste and creative conviction matter more in an AI world than ever before. - Timecodes: 0:00 - Cold open: Warren Buffett's "man, machine, and dog" quote 0:29 - Show intro & Alex Schultz background (CMO → Chief Data Officer at Meta) 8:52 - Using data to find non-average insights: Asia trends, shoppertainment, conversational commerce 11:33 - Staying ahead of the puck: Stories, Messenger, missing TikTok's rise 13:32 - Creators, shoppertainment, and human vs. AI balance 18:00 - Bad AI work is bad work: Alex's Claude/Antarctic cruise data project 20:16 - Taste and conviction matter more than ever; Buffett quote revisited 23:07 - Fear-mongering vs. job creation (radiologists, software engineers) 24:39 - Agentic commerce, Meta's Libra history, and business agents on WhatsApp 27:21 - Stablecoins as the future of digital payments 35:42 - Agentic economy's impact on marketing and the funnel 38:56 - The metaverse, AR glasses, and Meta Ray-Bans/Oakleys 44:25 - Closing remarks - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠ realfi.co⁠. - Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Perfect 8 year track record of keeping clients assets safe. Don't sell your bitcoin. Get a bitcoin-backed loan. Check out your rate by using their loan calculator at⁠ ⁠⁠ledn.io⁠ - JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠ https://x.com/jpegtrading⁠ - "Spotlight" features host Sam Ewen.

¿Sientes que trabajas duro pero tu dinero rinde cada vez menos? En este episodio de Creadores Podcast, Marcelo conversa con Pablo Gil, analista financiero de escala global, ex-director de análisis en Banco Santander y ex-gestor de un fondo de inversión multimillonario. Pablo revela con total crudeza por qué el 90% de la población está cometiendo errores financieros garrafales en su día a día sin darse cuenta, confiando su capital a bancos tradicionales que se enriquecen a costa de su falta de educación financiera.Analizamos a fondo los movimientos de titanes de la industria como Warren Buffett, Ray Dalio y Michael Burry, quienes se están refugiando en niveles de liquidez históricos. ¿Qué saben ellos que nosotros no? Además, Pablo Gil desglosa el impacto inminente de la Inteligencia Artificial en el mercado laboral masivo, explicando por qué competir contra la IA será imposible y cómo configurar un portafolio de inversión diversificado (cripto, bolsa, metales y real estate tokenizado) para proteger tu patrimonio antes de que el chicle del endeudamiento crónico global termine por romperse.Finalmente, exploramos la verdadera definición de la riqueza: la flexibilidad. Descubre cómo pasar del sprint financiero a la maratón del interés compuesto, cómo identificar la deuda productiva de la destructiva (como el financiamiento innecesario de un coche o un teléfono inteligente) y el valioso consejo de vida que el padre de Pablo, a sus 95 años, le heredó para aprender a disfrutar plenamente del camino y no solo de la meta.- Recibe 5% de descuento en tu suscripción de los mejores suplementos utilizando el código CREADORES en https://belevels.com/- Recibe acceso gratuito a mi lista de los 100 libros que transformarán tu vida aquí: https://www.creadores.co/newsletter-

On this episode of People Solve Problems, host Jamie Flinchbaugh welcomes Renee Kaspar, Author and Workplace Strategist at Renee Kaspar Labs. A thirty-year veteran of human resources and the author of the forthcoming book HR Confidential, Renee has spent her career in the rooms where the most significant decisions about people get made. She joins Jamie to talk about what she calls The Great Transition, the period we are all living through, in which the foundations of work are shifting beneath our feet. Renee describes The Great Transition as a systems change rather than a single event. When one part of the system shifts because of AI, she explains, everything connected to it shifts too, which is why changing work also means rethinking education, hiring, pay, benefits, and how performance is measured. She likens the experience to raising a child, terrifying and constantly changing, with one crucial difference: a new parent has some kind of roadmap, and right now, no one does. To navigate a system in motion, she suggests finding an anchor and working outward from it, asking what has to move freely for that anchor to reach its next stage. Much of the conversation circles around agency, and Renee is candid about what its absence feels like. Lost agency, she says, shows up as anxiety, fear, burnout, and a loss of trust, the sense that control over one's own way of being has slipped away. She traces part of that to a vanished kind of stability, the era when a single employer could anchor an entire career. Drawing on a conversation she had just before the interview, Renee shares an idea that clearly moved her: agency is learned, not given. It comes from quieting the fear, looking inward to understand your own value, and knowing what you can carry with you from one place to the next. Renee and Jamie examine how this fear varies across generations, and she is careful to say that every group is anxious for its own reasons. She sees a younger generation entering an uncertain world without a playbook their parents can hand down, a middle generation exhausted and worried about whether the next rung on the ladder will still exist, and her own peers more willing to embrace change yet uneasy about ageism. Understanding those reasons, Jamie notes, is itself a step toward reclaiming agency. On how to practice agency, Renee points to self-advocacy, resilience, and curiosity, the kind of steady learning that builds confidence to face the next challenge. Jamie adds that writing things down, breaking problems into smaller pieces, and honestly weighing what might actually go wrong tends to shrink anxiety down to a workable size. Renee builds on that with a habit she picked up secondhand from Warren Buffett: for anything you face, name three positive things that could come from it. She is careful to distinguish this from forced optimism, and she offers a pointed warning that fear sells, that it is being aimed at us constantly, and that consuming it without care is one of the fastest ways to lose your footing. In the final stretch, Renee turns to her own profession and makes the case that human resources needs to reinvent how it shows up. Rather than remaining the function people fear, she argues, HR can become the steward and conscience of the organization. This part recognizes that people are burnt out and helps build something more stable and more human. For those who want to continue the conversation, watch for Renee's forthcoming book, HR Confidential. You can learn more about Renee Kaspar at https://reneekasparlabs.com/ and connect with her on LinkedIn at https://www.linkedin.com/in/reneekaspar/.

You'll never get through your to-do list. And honestly, that's the best news you'll hear all day. Oliver Burkeman's 4,000 Weeks argues that our obsession with time management is making us less happy and less effective. The book flips conventional wisdom — what if procrastination isn't a bug but a feature? What if doing fewer things is the real productivity hack? Sam breaks down seven counterintuitive lessons from existential psychology that challenge the hustler mentality. You'll learn where the efficiency mindset came from (spoiler: factories), why Warren Buffett tells people to ignore 80% of their goals, and how embracing imperfection beats any time-blocking system. The core insight? You have roughly 4,000 weeks on this planet. Spending all of them optimizing is the real waste of time. Use the 25-goal method: pick your top 5, actively ignore the rest Schedule unstructured time — procrastination fuels creative problem-solving Treat each week as finite — a visual countdown changes everything Hit play and discover why doing less might be the most productive decision you ever make. SPONSORS

Most people assume early retirement is out of reach unless you have millions saved. Cody Berman's story shatters that myth, sharing how created financial independence by age 28. Cody is the host of The Financial Independence Podcast, and the author of the best selling book “Retire By 30.” He's living proof that you don't need to be Warren Buffett to break free from the paycheck cycle; you just need a strategic plan and a bit of determination.In this episode, Cody reveals the minimalist lifestyle and smart investments that made early retirement possible without sacrificing the things he loves. He explains the two core paths to financial independence—nest egg versus cash flow—and shares detailed tactics to build sustainable passive income streams from real estate, digital products, and more. Whether you're aiming for freedom at 30 or 40, Cody's frameworks can help you drastically accelerate your timeline.You'll discover: how to drastically cut expenses in your big three—housing, transportation, food—and why living far below your means is a superpower. Cody dives into the four types of side hustles—trading time, scalable assets, sharing economy, and hybrids—and reveals why focusing on scalable assets like digital products and real estate can multiply your income without demanding your time. Plus, he debunks the AI myth for entrepreneurs, showing how tech enhances productivity rather than replaces opportunities.Website: CodyDBerman.comSocials: @codydbermanPodcast: The Financial Independence ShowBook: Retire By 30 - RetireBy30Book.com

Eric is back with guest Mike Garvey discussing the challenges of managing multiple businesses. Triplet reflects on his own professional journey, explaining how excessive diversification across construction, manufacturing, and coaching began to dilute his brand's impact. The conversation highlights the importance of focus, referencing advice from business leaders like Warren Buffett to eliminate distractions and prioritize a core mission. Both men explore how effective delegation and empowering a trusted team are essential for scaling without suffering from burnout.  Key Takeaways: Identify your top interests and eliminate the majority to focus your energy on the two most impactful goals rather than being mediocre at ten. Empower your team by delegating decision-making authority so that the business can continue to grow and function effectively without you being the bottleneck for every task. Prune back projects or business branches that are draining your resources and distracting you from your primary mission and core passions. Prioritize mastering and scaling a single mission before attempting to diversify into unrelated industries that can dilute your brand and expertise. Share your vision and offer performance-based incentives to motivate team members to take ownership of their roles and drive the business forward.

I asked Warren Buffett what he considered the keys to his success. He shared three keys that reflect humility, gratitude, and stewardship. “We don't simply inherit freedom. We become stewards of it.” – Lee Brower

Many so-called timeless beliefs about money pitched by financial advisors today (compound interest, real estate, index funds, retiring early) are not timeless pieces of wisdom, but a set of ideas invented within the last century, mostly by accident. In fact, the biggest financial dangers come from building a financial strategy around government rules that seem like they’ve existed forever but can change overnight. In 1913, when the income tax was created, interest on debt was explicitly excluded from taxation. For 70 years, savvy investors borrowed as much as possible and deducted the losses. Then Ronald Reagan changed it in 1986, in one legislative stroke. Hundreds of thousands of investors found themselves buried under debt they'd structured around a rule that no longer existed Today’s guest is Joseph Moore, author of How to Get Rich in American History: 300 Years of Financial Advice That Worked (and Didn't). We dig into the counterintuitive lessons hiding in plain sight across American history: why Abigail Adams was arguably a better investor than Warren Buffett; how Benjamin Franklin preached against debt while secretly building his printing empire on borrowed money; why one-third of American families once rented out rooms to boarders as their primary wealth-building strategy, until the government outlawed it; and how Dave Ramsey's entire financial philosophy was forged in a single day when the government changed a tax rule and wiped him out. Another lesson with modern parallels is that the FIRE movement — Financial Independence Retire Early — has deep roots in American history, but its most celebrated practitioners were almost always hiding a financial subsidy. Henry David Thoreau, patron saint of anti-consumerism, built his cabin on someone else's land and had his mother bring him food. He later returned to capitalism and ran a successful factory.See omnystudio.com/listener for privacy information.

Ash Patel & Amanda Cruise have a conversation with Jeffrey Rosenberg, a seasoned retail real estate investor and CEO of Big V Property Group, known for his contrarian approach, successful acquisitions during COVID, and his deep understanding of retail fundamentals. His strategic insights will challenge how you see the market and inspire you to find opportunity where others see risk. We break down Jeffrey's counterintuitive strategy of investing in undervalued retail assets during the pandemic, emphasizing Warren Buffett's maxims about going big when opportunity rains gold. You'll discover how he managed to buy shopping centers at 70-85% occupancy during a market downturn, leverage long-term tenant relationships, and master the art of property repositioning and lease renegotiation. Jeff shares insights into new development, the importance of location, and how to mitigate risks by understanding tenant behavior and micro-market shifts. Jeffrey Rosenberg Chairman & Chief Executive Officer, Big V Property Group Based in: Florida, New York Where to find them: https://www.linkedin.com/in/jeffrey-rosenberg1/ https://bigv.com/ Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit https://malabarhillcapital.com/ for more info. Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Keith explores when the U.S. median home price could realistically hit $1 million and what long-term drivers like inflation, construction costs, and housing scarcity mean for investors.  He reveals the hidden issue of America's aging housing stock, explaining how outdated and inadequate homes quietly distort inventory data and reshape opportunities for renovation and build-to-rent strategies.  Keith also draws lessons from former Fed Chair Alan Greenspan and unpacks why some of the "worst" high-crime cities can still offer strong rental fundamentals, helping listeners think more clearly about risk, market selection, and long-term wealth building through real estate. Episode Page: GetRichEducation.com/612 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host, Keith Weinhold. When will the median US home value hit the $1 million mark? I have the best answer for the exact year that it will happen, and it's probably sooner than you think. Also, there's a big hidden problem in America's housing market today, and no one is talking about it. It's not prices, mortgage rates, affordability, nor is it inventory. I'll tell you about it and more today on Get Rich Education.   Speaker 1  0:30   Since 2014 the powerful Get Rich Education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord, show host Keith Weinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top-selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps. Build wealth on the go with the Get Rich Education podcast. Sign up now for the Get Rich Education podcast, or visit getricheducation.com   Keith Weinhold  1:14   You know, Mid South Home Buyers, that top Memphis turnkey provider, I learned that a secret weapon behind their explosive growth is more than just you buying their properties. It's an executive coach for nine years now. Their CEO, Terry Kerr, and his COO, Pat Nix, have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners, his name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one on one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to danielthomashind.com h i n d, that's danielthomashind.com and sign up before Spotsville Flock Homes helps multifamily owners exit the operator grind, whether it's your sixplex or a 50 unit apartment through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management. Request your initial valuations. See if your property qualifies at flockhomes.com/gre that's F L O C K homes . com / G R E.   Speaker 2  3:00   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  3:16   You're listening to One America's longest running and most listened to shows on real estate investing, not flipping, not speculating, not whatever the latest hot thing is, but prudent long-term real estate investing. This is Get Rich Education. I'm your host, Keith Weinhold. You've got to believe that you were not put on this earth to live a mediocre life and waddle in the safety of mediocrity. Your investing should be a reflection of that. You've got to believe that you can obtain financial freedom when you're young enough to enjoy it. What would be the point of deferring financial freedom until you're old, like, what would that point even be? I mean, just imagine a rich elderly version of you. It cannot buy youth. Youth cannot be bought. Look, right now, if someone offered you $20 million to be age 85 tomorrow, the probability that you would take it is pretty much zero. So then build sustainable, durable wealth now today, and with a sense of urgency. That's what we're doing here. A $1 million national median home price. When do we get there? Well, back in 1990 the median national home price was about 120k and you know, funny as it sounds, you can read about how back in 1990 people thought that homes were highly priced, even overpriced, and that maybe they'd need to start. Going down, why was that? Well, just three years earlier, in 1987 they crossed over 100k for the first time. So psychologically, six figures for a home price, that was still a fairly new phenomenon. In 1990 mortgage rates were 10% then for a 30 year fixed rate loan, and by the way, 10% mortgage rates didn't feel too bad to homeowners and real estate investors in 1990 because as recently as 1984 they were 14 and a half percent. Roll it back a little earlier to 1981 and mortgage rates were over 18% then, and of course, mortgage rates are a friendlier six to 7% today, but remember we're talking about home prices here, and when it comes to the trajectory of home prices, rates are really just trivia, because as I've discussed here on the show for years, to many people surprised, mortgage rates have almost nothing to do with home prices, contrary to popular belief, but to those people in 1990 that were still somewhat freshly getting used to six figure prices that were now 120k at that time today's median home price of 429,000 to $300 would have sounded as absurd as paying $18 for airport trail mix and $24 for airport beef jerky, yet here we are.    Keith Weinhold  6:36   All of those prices are true. That's where we are today, all right. Well, from 1990 till today, home prices have nearly four exed. So, with that backdrop from recent history, what about a million dollars? When do we get to that point? Well, home prices only need to go up about 2.3x from here. Yogi Berra said it's tough to make predictions, especially about the future, and I want to credit Dr. Lawrence Yuen, any our chief economist, for doing this analysis and sort of getting this conversation started, because when we look at the national median home price hitting million dollars, this forecast assumes zero price growth for this year, although home prices are now up 1.8% year over year. Here we go at 3% price growth from today, we get to a million in 2056 at 4% it's 2049 at 5% price growth, it's 2045 and it's 6% home price growth, it's 2042 and that's just 15 and a half years away. One part that I really want to credit Dr. Yoon for is that if you take the actual price trend from the last 25 years with all of its ups and downs, which also gives you an average annual gain of four and a half percent, by the way, and you project this into the future, that path reaches $1 million in 2048 just over two decades away, so taking the past quarter century, then, and extrapolating it into the future means we hit a million dollars in just a little over 20 years. So, therefore, perhaps the most prudent and sensible projection gets us there in 2048 But look, it's easy to make the case that growth is going to be on the higher side of these estimates, I mean, just look at what's going on now.   Keith Weinhold  8:45   Already, inflation is over 4% and there are all kinds of forces that are poised to push that inflation rate higher. I've talked about those in recent episodes. Today, 42 out of 50 states show annual home price gains. Near-term sparks to more home price growth are energy and material price volatility from tariffs and wars, which are poised to push up the replacement cost of homes. And you know, when your property's replacement cost rises, all capital values tend to rise as well. There's also pent-up demand and still paltry supply in most US regions. I'll get to that, but regulatory costs alone are now $132,000 for a new single-family home. You heard that right? Yes, the cost of zoning and other regs is now 132k and that figure is sticky. That does not tend to come down, and then you've got these longer term bonfires, not just the short term sparks that I mentioned, but the longer term bonfires that could make million dollar median home. Dollars occur before 2048 This construction of data centers and all the resources that it takes, and chips, and copper, and electricity, that's all inflationary for our society. When we're building that infrastructure, our currency will keep getting diluted to deal with huge debts like defense and social security payment commitments and interest payments themselves, I mean that part is plain as day new household formation that's expected to push up demand until at least the late 2040s and after that demographically things could turn, but the base case remains 2048 here for the million dollar median home, so this million dollar mark, you know, it's not some sci-fi housing fantasy where your realtor shows up in a flying car, okay, values are already approaching a half million, and this figure of a million that is just 1000 1000, it's not some incomprehensibly gigantic number that's shooting for the moon and the stars, so really the bottom line here is that a million dollar median national home price is an almost inevitable destination and is being pushed up by appreciation, inflation, replacement costs, and scarcity.    Keith Weinhold  11:25   The real question is not whether this happens, but it's when it happens. That's why I gave you the year of 2048 as the base case. I want to talk more about housing scarcity shortly, but first, for some historic perspective, do you want to know how much my parents paid for their home in 1974 I thought I knew the figure, but I wanted to check with Dad, and he let me know, and it was what I thought. All right, first, I think I've shared with you before that my parents still live in the same Countersport, Pennsylvania home, the old smallish Victorian style home built in 1917 They've lived in that continuously since Richard Nixon was our president. And you know, when I go visit my parents, I get to sleep in the same bedroom that I have since I was an infant, just amazing. Also, do you know that that home where I grew up, and they still live in.. Do you know that home is location? Do you know where that location is? On what I'll call the urban to rural spectrum, it's interesting. The home is not in a city, it's not in the suburbs, it's not in the exurbs, it's not in the country, and it's not in a planned community either. What's left? Do you know where it might be? Maybe you're thinking too hard. It is in a small town, that's the answer. A small town with a gridded street pattern and Main Street, that's called Main Street, and old brick businesses. It is a standalone community with its own identity and a really slow pace of life. Its population was about 2600 at the turn of the century, and it's down to about 2100 residents today. And Cowder Sport, Pennsylvania, is a remote place, it's over two hours to the nearest international airport in Buffalo, New York, and there really aren't that many flight routes out of Buffalo either. So, for that detached single-family home that does have a big yard, my parents bought it in 1974 for $20,000 exactly 20k and they quickly got that home paid off back in the day, about 58 years ago.   Keith Weinhold  13:48   The only financing they had, it wasn't a mortgage in the traditional sense, rather my mom's parents gave them a small loan to put toward that 20k and it was an interest-free loan, and the seller kind of gave them my parents there this adjacent grassy lot, practically free. The person that sold it said they didn't feel like mowing it. That wouldn't happen today. Real estate is just more coveted and calculated, I think. It'll just go throw in a lot, and you can guess who had to mow that adjacent grassy lot more than a few times? Yours truly. And hey, I might even mow it again this year when I visit my parents, and my dad listens to this show, and he sure hopes so. It's not a bad looking home today. I definitely did not grow up dirt poor, but just modestly, there was only one bathroom for our family of four that we all shared, and yes, what this meant was patience, timing, and the ancient art of knocking on the bathroom door with urgency sometimes, and we all took baths only until I was age eighteen, there was just simply no shower until then. We all shared one car, a Subaru station wagon, definitely not deprived in a great childhood, just living modestly. Well, today's median home price is now 22 times the 20k that my parents paid for their home in 1974. Homes in countersport are a lot cheaper, so maybe it's just 12x there. But see, the point is that the home doesn't have more utility because it doesn't have any more than the same three bedrooms today. It's got about the same amount of usefulness they did add a second bathroom. What happened is that our currency has just debased enough to be worth about 1/12 as much as it was in 1974 That's why the price is up 12x Before I get to national housing scarcity factor, maybe you've always wondered where I get my abundance mindset from, since I grew up in a small simple remote place, I'm not sure it's just an internal confidence gain from somewhere. Sometimes I wonder if where I grew up actually contributed to growing my means rather than living below my means, because at some point subconsciously I might have thought before that, you know what, if I fail big in life, then I could always move back to old counter sport and own a decent home for just 200k in a town where I know people, maybe it worked that way, and I moved away from that home for good at age 23.   Keith Weinhold  16:44   By the way, that's when I left the nest. As you know, I like to say the most important thing here is that I won the parent lottery - decent, stable married parents. That means considerably more than inflation or economic factors ever could two grade A parents now getting back to housing's scarcity factor. Did you know about what's happening with the available inventory of homes now after four years of rising supply? The inventory trend has flipped. There are now fewer homes for sale nationally than there were a year ago, and this has really thrown off some forecasters that thought inventory would climb about 10% this year. Instead, we have fewer one to four unit properties on the market today than we did last year. This matters because it could signal the next phase of the housing market, it's important to identify these inflection points right here, if it truly is one, because shrinking inventory, that means fewer options for buyers, more competition, and eventually upward price pressure, if the trend holds, but that's not here yet, we haven't seen home prices really take off. A decade ago, there are about one and a half million available homes. The pandemic low in 2022 is where we hit a jaw-droppingly low, 350,000 available homes. I mean, really scraping the bottom, those were the days when there were 40 people in line to see one open house, that was nuts.   Keith Weinhold  18:28   Okay, from those scarce, scarce days that has rebounded to 1.1 million available homes the past year or two, and this year it stepped back a little to about 1 million available homes for sale in this nation, so bigger picture today we have 30 to 35% fewer homes available now than we had a decade ago, and remember we've also got to account for the fact that we've had population growth since that time as well, that's why demand continues to exceed supply, so really the housing shortage is a little worse whenever you factor in population growth. So this really speaks to the scarcity, and so does something else here. And there's a big hidden problem in America's housing market today, and nobody, like no one is talking about this, it's not prices, it's not mortgage rates, affordability, nor is it inventory, it's the fact that America's housing is aging with the median now 45 years old, that's older than America's homes have ever been, and 45 is also about the median age of a TikTok user's parents, I think. Now, an 80s built home isn't exactly ancient, but this really factors in here. Now, in Buffalo, Pittsburgh, and Cleveland, the typical home predates 1960 in Austin and Raleigh, it. Is post 2000 so it feels like the Northeast is replacing avocado green appliances, and the Southeast is just replacing Ring camera batteries, because, as you'd expect, fast growth areas have a young housing stock like Florida and Texas and Tennessee to a lesser extent, and at the beginning of the month, I sent our newsletter subscribers this terrific national map that shows the median age of homes by city, a rare map that's pretty fascinating, and in fact, the oldest homes in the nation are in Elmira, New York. They are about 70 years old, not far from where my parents live in Countersport, Pennsylvania, and this is such an under-discussed part of the housing shortage. See, a market it can technically have what seems like available inventory, but still not actually have habitable, financeable, insurable, affordable housing, and older housing stock that creates friction with repairs and appraisals and insurance and affordability.    Keith Weinhold  21:10   Harvard's Joint Center for Housing studies found that 3.6 million renter households, that's 8% live in inadequate housing with problems in multiple structural deficiencies like water leaks or serious problems with electrical HVAC or other systems, and this is a real threat to NOAA housing. Are you familiar with this term, NOAH? NOAA stands for Naturally Occurring Affordable housing, and it means properties that are affordable purely due to free market conditions, not public funding. What's interesting is that America isn't just not building enough. See, we're also retaining a lot of older homes longer than generations past did in the mid 20th century, what cities routinely did is that they demolished obsolete housing, and they rebuilt aggressively. Today, that just doesn't work in most places. Replacement happens slowly, because of higher construction costs. In this not in my backyard bickering, and zoning restrictions, and labor shortages and environmental rules. I mean, it just doesn't work that way anymore. Now, here at GRE, we introduce you to providers across the nation that do deep, extensive quality rehabs, but much of America, they just kind of keep patching their homes like it's a 1998 Honda Accord with 280,000 miles in three glowing dashboard warning lights, that's what they're doing, that's why the average age of the home keeps going up. All right, so what are some of the big takeaways for real estate investors with America's homes being older than ever? Number one, it's supply. America still needs more housing, even in cities with stable populations. A lot of them are going to see more units become obsolete than will get built. That's why when you see a headline like inventory is up, all right, that can be true, but it can also be misleading if it's a 1952 duplex with knob and tube wiring, and a furnace that's held together with hope and duct tape. All right, a surprising amount of America's housing stock is basically running on CPR and Lowe's rewards points. The second takeaway with this aging housing stock is that obviously more renovations are required again, that is, if you're not buying new or turnkey, so therefore states like New York, Pennsylvania, Ohio, Massachusetts, they all have busy Home Depots.   Keith Weinhold  23:56   When obsolete properties get renovated, okay, well, then rents have to increase to support those costs, and then you know what happens a lot of times. Cynics call that process right there gentrification. Aging homes are going to be a major policy topic over the next decade. There is this tension between keeping buildings affordable and keeping them standing, you can't preserve what's falling apart, but see, then fixing it prices some people out, and then the third investor takeaway with this aging housing is yet again the arrow points here one more time, build to rent housing, yeah, new build rental homes, they're often the way to go. Usually the trade off for you is that you pay more upfront, and then you have fewer maintenance and repair costs. It usually works out for you, and today this is really tilted to your advantage, because home builders are still doing. Generously buying down your mortgage rate to perhaps 5% it depends on the builder, but this is a rare setup for you in this cycle of the market. New property, low maintenance, and mortgage rates that feel like they came from a different decade, you're getting them now. Not only is our housing aging, hey, so are we. The median age of all Americans is 39 Back in 1980 it was just 30, so this is a massive demographic shift in a short period of time. I mean, you and I are both older than we ever have been, of course, and we're both about 20 minutes older than when you and I started talking today. That is why I endeavored to make this show well worth your time. The bottom line with the aging homes is that by most measures, US housing stock is older than it's ever been. New construction has not kept up with population growth, and this is going to shape housing affordability and construction trends and investment opportunities across America, perhaps for the rest of your investor life. I need to tell you about America's worst cities for crime shortly, because it includes a lot of cities popular with investors, including cities that we frequently talk about here. So, what is going on? This is something that I've wanted to tell you about for a long time. Hey, if you like learning from me, you are in luck. This week and next week, it will be monolog episodes, just you and I together. I'm Keith Weinhold. More for you straight ahead here on episode 612 of Get Rich Education.    Keith Weinhold  26:41   What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group, NMLS 42056 They provided GRE listeners with more loans than anyone, because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal, and even chat directly with President Chaley Ridge. While it's on your mind, start at ridgelendinggroup.com That's ridgelendinggroup.com    Keith Weinhold  27:12   Let me ask you something. If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866 that's Family 266866.   Speaker 3  28:14   This is Hal Elrod, author of The Miracle Morning, and listen to Get Rich Education with Keith Weinhold and don't quit your daydream.   Keith Weinhold  28:28   Welcome back to Get Rich Education. I'm your host, Keith Weinhold. America turns 250 years old this coming weekend. That's our semiquincentennial, which is a word that sort of sounds like it should come with a Latin tutor and a necktie. If you live in the US, like I do, happy birthday to us. Enjoy it, celebrate it, be grateful for it. We're living through a milestone that only comes around once every two and a half centuries. Remember that, despite our differences, we still get to live in one of the most remarkable nations ever built. Warren Buffett said, No one has ever been a success betting against America since 1776 and they're not going to be a success in the future doing it either. End quote. Before I discuss the worst investor cities for crime, Alan Greenspan died last week. Let's learn from history with this long-tenured Fed chair. He served for 19 years, from 1987 to 2006 And then I'll talk about what it means to you. And I actually met Greenspan in person, just briefly, at the New Orleans Investment Conference several years ago, he led the Federal Reserve under four presidents from both parties, and really he was regarded as somewhat of a celebrity economist. He shaped economic policy during this period of massive wealth creation, again 1987 to. 2006 almost two decades, Greenspan was held for his well-timed interest rate moves to fight inflation, all while promoting economic growth, but you know, a lot of prominent economists, they also blamed his big financial deregulation for causing the 2008 global financial crisis. Greenspan and Nomics were really about entering government during the Ford administration after he co-founded a successful economic forecasting firm, and then Greenspan really became known for basing his decisions on this sort of meticulous data analysis, not textbook economics, and he ultimately gained this guru status for really capable monetary policy, including during one of the longest economic booms in the country's history, between 1991 and 2001 all years in which he reigned, and he helped engineer a swift recovery from a massive financial crash during the late Reagan administration, and he did that by slashing interest rates, and then pouring tons of money into the economy, and you know, yeah, everyone is popular when they slash interest rates and print tons of money in the short term, because that makes everybody feel really prosperous, but I think you know what that leads to. Say it with me, inflation in the mid 90s. He presided over rate increases to stem that price growth without causing a recession, and that is a tough balancing act that's known as a soft landing. Jerome Powell basically did that too, despite his faults. But anyway, later Greenspan didn't pay attention to people that wanted him to keep jacking up rates, but he got it right to hold off from doing that.    Keith Weinhold  31:50   There was an economic upswing because Greenspan correctly predicted that we'd have all these productivity gains from personal computers that would help tame inflation. He got that part right, and Greenspan, he was like famous for using these hard to decipher pieces of jargon known as Fed speak. I mean, it was unforgettable in 1996 when he dropped the term irrational exuberant, so that really just means these unduly escalated asset values, and he also pioneered these interest rate change announcements as a way to help guide the markets, instead of surprising everybody. But, on the other hand, you know, anyone that shapes the economy is gonna get some criticism. A lot of people said that Greenspan would just always rescue the stock market, and investors sort of knew that he would come rescue it, and that made investors make these riskier and riskier bets. He was an acolyte of libertarian Ayn Rand, and so Greenspan lobbied for this sort of light touch financial regulation during the Clinton years, and that combined with his refusal to raise interest rates and rein in subprime mortgage lenders to stamp out the housing bubble in the 2000s that's really what caused people to say that he was partially responsible for the global financial crisis. His influence definitely remains today. Alan Greenspan lived from 1926 to 2026. Now we've all seen those lists, like America's worst cities or the highest crime metros in the US, floating around on social media, in articles like Newsweeks published for decades, and everywhere in between, right.   Keith Weinhold  33:42   It's like the 10 places where your wallet, your hubcaps, and your will to live disappear, something like that, in some form. When you consider real estate markets that you want to invest in, the quality of the area absolutely matters. A bad neighborhood. Oh, that's going to contribute to stagnant rents, flat or declining values, higher vacancy, and you'll probably attract a tenant who treats your property like it's a borrowed jet ski. All right, not where you want to be, but a faulty modus operandi is that a reader? They often see a list like this, and then they extrapolate an area's crime or their public safety issues and blankets them across an entire city. Now, one of these lists came across my desk recently, the 50 worst cities to live in in the United States, and the cities are ranked, and here's what struck me as wild, paradoxical. At least seven of the top eight cities have areas with strong investment fundamentals. Actually, so the eight worst, in order, are Detroit, Memphis, Jackson, Mississippi. St. Louis, Baltimore, Cleveland, Shreveport, Louisiana, and then eighth worst is Birmingham, Alabama. Most all of these have good investment pockets in them. Now, I've never visited Shreveport, so that's one that I can't speak to. All right. Well, what is going on here? Why am I calling them good investor cities if they all make this list, and by the way, I was born in the 34th worst on this list, Redding, Pennsylvania. One of my degrees is in geography, and I get out and see the world, and what's weird, and you'll see this over and over and over again in society throughout your life, and that is when people talk about their own city that they live in. Oh, they understand the nuance. Okay, you know your own city has posh areas and rough places and working class areas, and that city that you live in has improving neighborhoods, and it also has don't stop there for gas after midnight areas, but see, when there's another city that people aren't familiar with, or they haven't visited, well, then suddenly the entire area gets slapped with one label, like, oh, that's nice, or that place is a dump, or the world would be better if that entire city slid into the ocean. Well, that's lazy thinking. Almost every city has sections that they're proud of. And then, well, the garbage collector has to live somewhere. Take Memphis, for example.    Keith Weinhold  36:38   It has long been one of America's most real estate investor advantaged cities, and it is a favorable place for income property owners, because it's got landlord friendly laws, a deep base of blue collar distribution jobs, a high ratio of rent income to purchase price, and Memphis also has such an embedded renter culture that tenants appliances actually move around with them, but yet Memphis, like I said, is a dreadful number two on this worst cities list due to high crime. Okay, that's the problem with citywide statistics. Bad neighborhoods can skew stats for an entire city, in fact, since we just mentioned them here on the show last week, take a reputable Memphis-based income property provider like Mid South Homebuyers, they renovate and provide investors with property in neighborhoods like Fraser and White Haven, but wait a moment, you can easily read about crime and blight and disinvestment into these same exact two Memphis neighborhoods, Fraser and Whitehaven. That's real, and that is accurate. And simultaneously, Fraser is anchored economically by nearby world-class hospitals, a massive Amazon presence. You've got Nike's largest distribution center in the world. I mean, that's not exactly a tumbleweed economy. Drive down Fraser's Pamela Drive, and you're going to see an established leafy middle-class neighborhood, mostly built in the 60s, with these modest, well-kept properties, and you can see that if you pull up Pamela Drive, Memphis on Google Street View, and they're often three bed, one bath ranch homes, about 1000 square feet in size, with two tenths of an acre lots. I mean, everything I just described there is ideal for cash flowing rentals, driveways, lawns, normal life - it's not posh, but pride of ownership is apparent here. People mold their lawns, trash stays picked up, you see orderly cars, maybe a jogger or a baby stroller, or a neighbor watering flowers.   Keith Weinhold  38:58   You do not see dumped furniture, no cars on blocks, no front yards that look like a failed episode of storage wars. Community stalwarts live here, like our police officers, nurses, public school teachers. So, see, there's substantial variation in investability, even within Fraser in Whitehaven, it's almost a block by block phenomenon, even within one neighborhood. So, to mentally stigmatize every neighborhood in Greater Memphis as bad due to their high crime areas is a really gross aberration. So, when one isn't familiar with an area, there's often an inclination to broad brush stroke at all. I mean, gosh, I wonder if people in Kazakhstan think that you are an abject degenerate simply for sending your child to school because they read that America has lots of school shootings. See, it's. The same principle here, and just like any provider the GRE tells you about, Mid South Homebuyers wants you to visit their neighborhoods in person. In fact, they frequently arrange investor tours and even welcome your visit so much that you'll get a $500 credit on your first property for attending the tour, they will pay you to come see Memphis effectively, and the bigger picture, national crime rates of all kinds just keep plummeting, because everybody is on their phone. Frankly, a lot of places on worst cities lists, like Memphis, they can be dangerous to invest in without a free consultation from our GRE investment coaching or a resource like Mid South Home Buyers.    Keith Weinhold  40:51   So, the bottom line is that investors, they don't buy a city, you're going to buy one specific house on one specific street with one specific tenant profile in one specific property management system. Micro locations are what determine your ROI, and by the way, Mid South Home Buyers has good income properties, some of them for about 200k or under 200k and right now they're offering investors their triple five program. This means they buy down your mortgage rate to 5.5% or maybe a little lower, and have a property management fee of just 5% for the first five years on every new turnkey property purchase. That is currently one of the best deals in the nation for income property. You can learn more at Mid South homebuyers.com If that sounds interesting, hopefully you've learned about real estate today and have helped clear up some misconceptions. Million dollar median homes are not some far-fetched fantasy. 2048 is my best guess as to when we reach that point. Housing is more scarce than you think, especially when you consider that America's homes are older than they've ever been, and when we look at one city's crime or demographic statistics, that broad brush strokes quite a wide area. Hey, if you enjoyed today's episode, there's a way to get more out of it for you and others, that is by telling two friends about the show, I love it when you do that, and I'm grateful for it. Text them this episode right now. Until next week, I'm your host, Keith Weinhold. Don't quit your daydream.   Speaker 1  42:37   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.    Speaker 1  43:05   The preceding program was brought to you by Your Home for Wealth Building, getricheducation.com