Podcast appearances and mentions of Warren Buffett

2026 came in like a lion with the U.S. invasion of Venezuela and a bull market charging into its fourth year testing investors' confidence. Liz Thomas of SoFi comes back aboard the Express to share her outlook for the new year and specific risk factors that could challenge our faith in the momentum underlying recent trends. Plus, it's a new era for Berkshire Hathaway shareholders without Warren Buffett as CEO. We list just some of the accomplishments that made Buffett the greatest investor of all time, and examine what he leaves behind. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week: 2025 ended on high for the US stock market but no one seems too pleased with its performance. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack the story of the US markets in 2025, why it was outperformed internationally, and the role AI has  played. Then, the hosts discuss how, amid the uncertainty and chaos of Trump's trade war, Mexico has found a way to come out on top. And finally, 2025 saw a boom for dealmaking with $2.4 trillion in global mergers and acquisitions. Meanwhile, old fashioned conglomerate Berkshire-Hathaway is changing hands with Warren Buffett stepping down at the age of 95. Will the new CEO keep with Buffett's conservative investment strategy? In the Slate Plus episode: Food52 & Saks Run Out of Cash Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: 2025 ended on high for the US stock market but no one seems too pleased with its performance. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack the story of the US markets in 2025, why it was outperformed internationally, and the role AI has  played. Then, the hosts discuss how, amid the uncertainty and chaos of Trump's trade war, Mexico has found a way to come out on top. And finally, 2025 saw a boom for dealmaking with $2.4 trillion in global mergers and acquisitions. Meanwhile, old fashioned conglomerate Berkshire-Hathaway is changing hands with Warren Buffett stepping down at the age of 95. Will the new CEO keep with Buffett's conservative investment strategy? In the Slate Plus episode: Food52 & Saks Run Out of Cash Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: 2025 ended on high for the US stock market but no one seems too pleased with its performance. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack the story of the US markets in 2025, why it was outperformed internationally, and the role AI has  played. Then, the hosts discuss how, amid the uncertainty and chaos of Trump's trade war, Mexico has found a way to come out on top. And finally, 2025 saw a boom for dealmaking with $2.4 trillion in global mergers and acquisitions. Meanwhile, old fashioned conglomerate Berkshire-Hathaway is changing hands with Warren Buffett stepping down at the age of 95. Will the new CEO keep with Buffett's conservative investment strategy? In the Slate Plus episode: Food52 & Saks Run Out of Cash Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: 2025 ended on high for the US stock market but no one seems too pleased with its performance. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack the story of the US markets in 2025, why it was outperformed internationally, and the role AI has  played. Then, the hosts discuss how, amid the uncertainty and chaos of Trump's trade war, Mexico has found a way to come out on top. And finally, 2025 saw a boom for dealmaking with $2.4 trillion in global mergers and acquisitions. Meanwhile, old fashioned conglomerate Berkshire-Hathaway is changing hands with Warren Buffett stepping down at the age of 95. Will the new CEO keep with Buffett's conservative investment strategy? In the Slate Plus episode: Food52 & Saks Run Out of Cash Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Greg Abel has officially taken the reins at Berkshire Hathaway, stepping into the role long held by the titan of value investing, Warren Buffett. We look at what Abel's leadership could mean for an empire that touches everything from energy to insurance. Plus, stocks had a strong year, with the S&P 500 and Nasdaq posting double-digit gains, but the job market tells a very different story. And do professional movie critics still matter in an age of Reddit threads and Letterboxd reviews?

Greg Abel has officially taken the reins at Berkshire Hathaway, stepping into the role long held by the titan of value investing, Warren Buffett. We look at what Abel's leadership could mean for an empire that touches everything from energy to insurance. Plus, stocks had a strong year, with the S&P 500 and Nasdaq posting double-digit gains, but the job market tells a very different story. And do professional movie critics still matter in an age of Reddit threads and Letterboxd reviews?

After 2025 ended on a high note for the major averages, Mike Santoli flags the market indicators he'll be watching in January 2026. The first day of the new year also brings a new mayor for New York City and a new boss for Berkshire Hathaway. After 60 years, Warren Buffett has officially stepped down as CEO, handing the reins to successor Greg Abel. The national wealth tax debate is playing out in California, where billionaires are threatening to leave the state over proposed legislation. Former U.S. Senators Heidi Heitkamp (D-ND) and Pat Toomey (R-PA) discuss the suggested policy and its implications. Plus, healthy resolution-makers have more nonalcoholic drink choices than ever. CEO and co-founder of Athletic Brewing Bill Shufelt discusses his brand's 12 styles of NA beers, mocktails, and increased market share.  Heidi Heitkamp & Pat Toomey - 24:32Bill Shufelt  - 41:04 In this episode:Becky Quick, @BeckyQuickRobert Frank, @robtfrankMichael Santoli, @michaelsantoliKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this New Year's solo episode of Business Coaching Secrets, Karl Bryan kicks off 2026 with a high-energy blueprint for business coaches determined to make this their best year yet. Karl offers sharp insights on building unstoppable momentum, creating impactful routines, mastering the power of execution over ideas, and developing unshakable resilience, along with a deep dive on AI, stock market bubbles, and actionable strategies to future-proof your coaching business. Key Topics Covered New Year, New Execution (Not New Year, New You) Karl dismantles the myth that a successful year just "happens," emphasizing the need for daily discipline and consistency. He shares why meaningful change is a product of relentless execution, not inspiration or wishful thinking. Maximizing Impact and Reach Expanding your influence means helping hundreds of people, not just your client list. Karl challenges coaches to launch podcasts, webinars, and value-packed emails, but stresses starting immediately, rather than waiting for the perfect plan. From Studying to Training Karl distinguishes between passively consuming knowledge (studying) and active skill-building (training), arguing that mastery comes from thousands of purposeful reps, not just time spent learning. Resilience, Mindset & Not Getting Offended He suggests that letting go of being easily offended is a powerful way to regain control, both in personal and business interactions, fostering stronger confidence and leadership. Goal Setting Versus Desire Management Karl breaks down why our goals and actual desires often conflict, providing concrete examples, then showing how new goals demand reshaped desires and crystal-clear "whys." Elite Leadership & Creating Space for Success The best leaders subtract drama, friction, and obstacles to create a fertile ground for others' success. Karl likens this to both sports coaching and business, advocating for an environment that evolves followers into leaders. The Dangers of Satisfaction: Staying Hungry Karl details the "crocodile after a meal" syndrome, how complacency kills momentum, and highlights stories of world-class athletes who maintain edge and discipline even after major wins. Planning & Execution: The Eisenhower and Munger Lessons He revisits classic advice: "The magic is not in the plan, but in the planning," borrowing from both Eisenhower and Charlie Munger's inversion principle to stress learning from failure as much as from chasing success. AI, Stock Markets, and Contrarian Thinking Answering questions about AI stock bubbles, Karl draws parallels with sports betting spreads and offers lessons from expert traders: when everyone thinks the same, the edge is lost. He advocates humility, diversification, dollar-cost averaging, and the importance of relevant financial literacy for coaches and their clients. Notable Quotes "New Year, New You is not a thing. Expecting next year to change without effort is like going to the marina and looking for an airplane to land." "I don't care about your ideas; I care about your execution. Your consistency and your discipline are mission-critical." "Stop getting offended. The good news? You'll stop being controlled." "Great leaders don't create followers, they create other leaders." "You can get lucky and make it. You can't get lucky and keep it." "The magic is not in the plan. The magic is in the planning." "I want to know where I'm going to die, so I'll never go there." (Charlie Munger) Actionable Takeaways • Start Now: Don't wait for the perfect moment or plan, your first email, podcast, or event is the hardest. Get it out, then iterate. • Measure Reps, Not Time: True mastery comes from consistent, purposeful practice (training), not just learning or clocking hours. • Get Out and Connect: Calendarize face-to-face time and community-building; loneliness erodes long-term success and well-being. • Shift from Busywork to Impact: Educate your list, serve generously in your free content, and only sell after delivering real value. • Build Resilience: Remind yourself that negative feedback or setbacks aren't personal, focus on execution and staying "hungry." • Set Monster Goals, Then Cut Ruthlessly: Aim high, then eliminate 80% of distractions and low-value activities to focus on what really moves the needle. • Use Inversion for Insight: When setting goals (or helping clients set them), ask: "How do I guarantee failure?" Then avoid those pitfalls. • Be Financially Literate for Clients: Understand core investing concepts (diversification, market math, dollar-cost averaging) so you can intelligently field client questions about wealth-building. Resources Mentioned Profit Acceleration Software (by Karl Bryan) AI Business Coaching Dojo at Focused.com The Six-Figure Coach Magazine Books/authors referenced: Charlie Munger, Warren Buffett, Dan Sullivan, Ben Hardy Networking/Community: Chambers of commerce, BNI, local live events If you enjoyed the episode, please subscribe, share with a fellow coach, and leave a review. See you next week on Business Coaching Secrets! Ready to elevate your coaching business? Don't wait! Dive into action now and make 2026 your best year yet. Visit Focused.com for more on Profit Acceleration Software™ and join our thriving coach community. Get a demo at: https://go.focused.com/profit-acceleration

Chuck Zodda and Mike Armstrong discuss everyday traders going from fringe players to the dominant market force. Will the next class of Senators do anything about the Social Security crunch? Buffett says Berkshire Hathaway has the best odds of any company for lasting 100 more years. Paul LaMonica (Barron's) joins the show to chat about the Dogs of the Dow.

Market veteran Warren Buffett served his last day as CEO of Berkshire Hathaway (BRK/B) on Wednesday. Rick Ducat analyzes the company's stock performance in 2025 and turns to trends continuing into 2026. He also offers an example options trade for the stock. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Today I include a $TQQQ strategy for 2026 - why? BECAUSE WE LIKELY WILL SEE VOLATILITY. And does Cathie Wood beat Warren Buffett in investing? WHY and HOW? ⁠⁠https://dailystockpick.substack.com/⁠⁠THESE SALES END SOON: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TRENDSPIDER SALE - up to 60% OFF - Get 52 trainings for the next year at 60% off. Become a Trendspider master! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SEEKING ALPHA BUNDLE - Save over $100 and get Premium and Alpha Picks together ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ALPHA PICKS - Want to Beat the S&P? Save $50 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Seeking Alpha Premium - FREE 7 DAY TRIAL ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SEEKING ALPHA PRO - TRY IT FOR A MONTH FOR ONLY $89 ⁠⁠⁠⁠⁠⁠⁠⁠⁠EPISODE SUMMARY

This is a recap of the top 10 posts on Hacker News on December 31, 2025. This podcast was generated by wondercraft.ai (00:30): Stardew Valley developer made a $125k donation to the FOSS C# framework MonoGameOriginal post: https://news.ycombinator.com/item?id=46445068&utm_source=wondercraft_ai(01:50): Warren Buffett steps down as Berkshire Hathaway CEO after six decadesOriginal post: https://news.ycombinator.com/item?id=46448705&utm_source=wondercraft_ai(03:10): I canceled my book dealOriginal post: https://news.ycombinator.com/item?id=46446815&utm_source=wondercraft_ai(04:31): Show HN: Use Claude Code to Query 600 GB Indexes over Hacker News, ArXiv, etc.Original post: https://news.ycombinator.com/item?id=46442245&utm_source=wondercraft_ai(05:51): 2025: The Year in LLMsOriginal post: https://news.ycombinator.com/item?id=46449643&utm_source=wondercraft_ai(07:12): Tell HN: Happy New YearOriginal post: https://news.ycombinator.com/item?id=46443744&utm_source=wondercraft_ai(08:32): Akin's Laws of Spacecraft Design (2011) [pdf]Original post: https://news.ycombinator.com/item?id=46442903&utm_source=wondercraft_ai(09:52): Efficient method to capture carbon dioxide from the atmosphereOriginal post: https://news.ycombinator.com/item?id=46444076&utm_source=wondercraft_ai(11:13): The rise of industrial softwareOriginal post: https://news.ycombinator.com/item?id=46442597&utm_source=wondercraft_ai(12:33): Meta created 'playbook' to fend off pressure to crack down on scammersOriginal post: https://news.ycombinator.com/item?id=46446838&utm_source=wondercraft_aiThis is a third-party project, independent from HN and YC. Text and audio generated using AI, by wondercraft.ai. Create your own studio quality podcast with text as the only input in seconds at app.wondercraft.ai. Issues or feedback? We'd love to hear from you: team@wondercraft.ai

The guys close out 2025 with topical discussions on Warren Buffet, Roberto Clemente, and Napoleon's kinksSee omnystudio.com/listener for privacy information.

The guys close out 2025 with topical discussions on Warren Buffet, Roberto Clemente, and Napoleon's kinks

2026 celebrations begin in New Zealand, Australia, and the Pacific Islands! Stateside, it's the last day of headlines in 2025: Warner Brothers Discovery  may reject Paramount's latest bid for its spinoff assets, Warren Buffett is serving his last day as Berkshire Hathaway CEO, and Courtney Reagan and former Walmart U.S. CEO Bill Simon discuss the year's winners and losers in retail as the holiday season winds down. Plus, Khan Academy CEO and founder Sal Khan warns of a looming jobs apocalypse, driven by AI automation. Happy New Year! Sal Khan - 19:51Courtney Reagan - 31:15Bill Simon - 34:49 In this episode:Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkCourtney Reagan, @CourtReaganKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Sara Eisen wrapped with another year of double-digit gains for the stock market — and highlighted a number of names which more than doubled or tripled their returns in 2025. Lots to discuss on the AI front: What to expect from hyperscalers in the new year, news involving Nvidia and Taiwan Semiconductor — and why 2026 is a critical year for Apple. Former Federal Reserve vice chairman Alan Blinder joined the program to discuss what he's expecting from the Fed next year. Mike Santoli offered his perspective on this year's market trends. Also in focus: Warren Buffett's final day as Berkshire Hathaway CEO, Nike CEO Elliott Hill buys $1 million worth of company shares.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The team breaks down the often-overlooked skill of picking fewer, better investments. Instead of chasing endless opportunities, the team explains why clarity, discipline, and defined criteria matter more than volume. Using relatable analogies and timeless investing principles from Warren Buffett, they explore how focus, temperament, and long-term thinking help investors build portfolios they can actually manage with confidence. What You'll Learn in This Episode: - Why narrowing your stock choices leads to better decision-making and stronger conviction - How to create clear criteria for selecting high-quality investments - What Buffett means by temperament and specialization and why both matter - How economic moats protect businesses and support long-term growth - The role of diversification without overcomplicating your portfolio - Why market psychology and your personal environment influence investing success Want to Learn More? Visit cashflowbonus.com to access free investing resources, including the ebook and action items discussed in this episode.

As 2025 wraps, we break down the year's top market drivers. Biotech deals dominated the sector, will the M&A momentum continue in 2026? Plus, it's the end of an era for Berkshire Hathaway as Warren Buffett steps down. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tens of thousands of passengers on the Eurostar have been unable to make their journeys after a power outage - Sean Farrington hears how it's been impacting travellers and businesses.The legendary investor Warren Buffett is to step down as head of his company Berkshire Hathaway - another top investor tells us what legacy the 95-year-old leaves.And as it's New Year's Eve, we go to Edinburgh where one tour and pub crawl company will be painting the town red for Hogmanay.

We kick things off today celebrating the work and words of Warren Buffett who retires today as the CEO of Berkshire - Hathaway. This is the Business News Headlines for Wednesday the 31st and final day of 2025.  Happy New Year.  In other news, the purchase of the agricultural community and the bailout. We'll share the latest news about mortgage rates. We've also got some unemployment numbers to share with you.  Speaking of numbers we'll check what happened to the equities in The Wall Street Report and 2025 has been a lousy year for the oil industry…too much of the stuff and the price continues to fall.  Ready? Let's go! Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Market update for Wednesday December 31, 2025Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today's episode:Nvidia prepares to ramp H200 chip production as demand from China explodesWarner Bros. Discovery plans to reject Paramount's revised takeover offerNike stock jumps on insider buying as Rivian slides on CEO stock salesWarren Buffett officially steps down after one of the greatest investing runs ever

Daily Snippet vom 31.12.2025 Die Crash-Analyse: Es ist offiziell: Warren Buffett tritt heute als CEO zurück und hinterlässt einen historischen Cashberg von 381 Milliarden Dollar. Knapp ein Drittel des Firmenwertes liegt in bar bereit, rechnet das Orakel von Omaha mit einem massiven Crash in 2026 oder bereitet er nur das Feld für Greg Abel? Ich schaue mir heute an, wie wir dieses gigantische Marktsignal deuten müssen, um nicht auf dem falschen Fuß erwischt zu werden. Hier geht's zur Analyse: https://www.julianhosp.com/de/blog/daily-snippet-31-12-2025 —— Folge mir für ehrliche Finanz-Einblicke!  Montag bis Freitag: Dein persönliches Finanz-Audio. Kompakt, klar und mit den wichtigsten Marktinfos für deinen Vorsprung: 

Het was me het jaartje wel op de beurs. DeepSeek, handelsoorlog, herstel van de handelsoorlog... Beurzen beleefden een volatiel jaar, maar bleven toch overeind staan. Deze aflevering maken we de balans voor je op. En we kijken wat er komend jaar in het vat zit. Ook hoor je over het vertrek van een icoon. Warren Buffett staat na de jaarwisseling zijn stoeltje aan het hoofd van Berkshire Hathaway af. Moeten we hem gaan missen? We vertellen je hoe jij je als belegger ook steeds beter moet inlezen in geopolitiek. Want spanningen in Europa, het Midden-Oosten en zelfs tussen de VS en de rest van de wereld regeerden de beurs het afgelopen jaar. En we hebben nog wat laatste nieuws van het jaar. China laat nog even weten dat ze nog altijd ruzie hebben met Nederland als het om de chipindustrie gaat. En Tesla komt op de valreep nog met een slecht vooruitzicht, waar ze waarschijnlijk van hoopten dat het onder de radar door zou vliegen. Te gast: Nico Inberg van De AandeelhouderSee omnystudio.com/listener for privacy information.

Today on America in the MorningGovernment Freezes Minnesota Funding It started with a viral video, and has morphed into a multi-government agency investigation into suspected widespread fraud.  Correspondent Ben Thomas reports that authorities say they are cracking down on abuse at day care centers in Minnesota, and are now freezing federal child care funding statewide, a move that Governor Tim Walz says will defund programs that help people and children.   Body Found During Missing Texas Girl Search The search for a missing Texas teenager appears to have taken an ominous and tragic turn.  Steve Futterman reports that police have found an unidentified body and a handgun in a field just blocks away from the home of Camila Mendoza Olmos, the 19-year-old missing since last week, which comes as another teenage girl in the same area around San Antonio has gone missing.   Times Square Security More than one million people will be in Times Square tonight in the heart of Manhattan to watch the ball drop and usher in 2026.  Correspondent Julie Walker reports on wide-ranging security preparations ahead of the New Year's Eve celebration.   Reports CIA Targeted Venezuelan Port CNN is reporting that the Central Intelligence Agency was behind an explosion at a Venezuelan port earlier this month.    Diggs Faces Charges One of football's top star wide receivers is facing criminal charges including strangulation.  Correspondent Gethin Coolbaugh reports.   Oracle Of Omaha's Retirement He's 95 years old and he still goes into the office, and still keeps active.  Warren Buffett, also known as the Oracle of Omaha, with the simple investing mantra of “Rule 1 - Never lose money, and Rule 2, never forget rule number one,” is retiring as CEO of Berkshire Hathaway.  Ed Donahue reports.     Russia's New Claim Russia is claiming without evidence that Ukraine launched an attack on one of Russian President Vladimir Putin's residences.  John Stolnis has more from Washington with Russia-Ukraine US diplomacy hanging in the balance.   Alleged Pipe Bomber's Hearing We await a ruling from a magistrate in Washington, DC about whether Brian Cole, Junior should be granted bail as he awaits trial for plating two pipe bombs in the nation's capital on January 5th, 2021, the day before the Capitol riot.  The latest from correspondent Rich Johnson.   Cemetery's Monument Issue There's international backlash after a World War II U.S. military cemetery in the Netherlands close to the borders with Belgium and Germany removed two displays recognizing Black troops who helped liberate Europe from the Nazis.  Correspondent Charles de Ledesma reports on what led to the outrage where more than 8,000 American soldiers were laid to rest.   New Orleans Preparations It was one year ago that a Muslim man rammed his pickup truck through a crowd in the historic French Quarter of New Orleans during the end of New Year's Eve festivities, leaving 14 people dead and dozens injured.  This year, as the city also prepares to host College Football's Sugar Bowl and prepares for Mardi Gras, there will be added security in the Big Easy.  Correspondent Ben Thomas reports.  In The Hero's Own Words In Sydney, Australia, the hero who tackled a gunman during a mass shooting at a Chanukah celebration spoke exclusively to CBS News about that tragic day at Bondi Beach.  Bob Brown has the story – audio courtesy of CBS News.   Finally   It's been a whirlwind couple of weeks at the Trump-Kennedy Center, with the name at the center of the ire of performers.  Entertainment reporter Kevin Carr has details. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In mei van dit jaar kondigde Warren Buffett tijdens de jaarlijkse aandeelhoudersvergadering van investeringsfonds Berkshire Hathaway zijn aftreden aan. Na zestig jaar zet het inmiddels 95-jarige ‘orakel van Omaha' een stap terug. Geduld, waarde en begrip. Buffett stond bekend om zijn stabiele beleggingsstijl. Deze stijl maakte hem tot de meest succesvolle belegger ooit. Buffett wordt door veel mensen gezien als 'het morele kompas van de financiele wereld.' Wie was deze 'good billionaire' en waarom was hij zo succesvol?We bespreken het samen met beursredacteur Jochem Visser!

Most people think goal setting is about writing down what you want. It's not. It's about creating gravitational pull so strong that your entire life reorganizes around what you're building. After 15 years of setting and hitting impossible goals — from building multiple businesses to launching a top podcast to selling a million books — I've cracked the code on why most people fail and the few who win do it differently. In this episode, I break down my exact five-step process for setting goals you'll actually follow through on in 2026. You'll learn the regret minimization framework from Jeff Bezos, why Elon Musk uses first principles and backwards timelines, how Warren Buffett's 5/25 rule forces ruthless focus, and why Sam Walton obsessed over daily numeric targets instead of quarterly objectives. I reveal why exploitation keeps you efficient but exploration creates breakthroughs, how to use goal gravity to pull everything towards your target, and why your year needs a name before it can have a plan. But this isn't theory — it's my actual goal journal from the last 15 years. I show you my relationship goals, work targets, travel plans, and even the silly stuff like feeling more feminine and cutting out bread (spoiler: didn't nail that one). You'll see my "more of/less of" list, why I track daily streaks, and how I turned 2024 into my "full send" year and 2025 into my "year of flow." If you're tired of setting the same goals every January and abandoning them by February, or if you want to finally build a life most people only dream about, this episode will change how you think about goal setting forever. It takes 21 days to create a habit, but 90 days to create a totally different lifestyle. Start your timer. This is day one. Protect what you own. Next makes it fast, simple, and painless. Check it out: https://www.nextinsurance.com/codie ___________ 00:00:00 Introduction 00:01:12 Goal Gravity: Why Small Goals Kill Your Future 00:02:13 Exploitation vs Exploration: The Fork in the Road 00:03:44 The Regret Minimization Framework from Bezos 00:04:40 Name Your Year: The Power of Framing 00:06:26 First Principles and Backwards Timelines: The Elon Musk Method 00:09:21 The Four Goal Categories: Relationship, Work, Travel, and Fun 00:11:37 The Say No List and Warren Buffett's 5/25 Rule 00:13:17 More Of, Less Of: The Anti-Goal Method 00:14:59 Daily Scoreboard: Sam Walton's Obsessively Measurable Goals 00:16:54 The Five Patterns of World-Class Goal Setters ___________ MORE FROM BIGDEAL

Iranian shopkeepers are taking part in protests as the currency hits a record low against the US dollar, and annual inflation is running at over 40 percent. Denmark's national postal service is delivering its last letter today, bringing an end to four centuries of letter delivery by the state-owned firm PostNord. And, just before he retires, we say goodbye to Warren Buffett and look back at his career. Also how artificial intelligence is driving a shake up in the legal profession worldwide. Presenter: Leanna Byrne Producer: Ahmed Adan Editor: Justin Bones

From buying his first shares at just 11 years old to now retiring at 95, we look back at what has made Warren Buffett one of finance's most successful figures - and hear from someone who knows him about his legacy.China is the world's second-largest economy and official figures show strong growth. But a new report suggests the reality may be different. We speak to one of the people behind that report.Also, we look at the upcoming trial of a former military officer accused of blowing up one of Europe's largest gas pipelines.(Picture: Warren Buffet. Credit: EPA)

Is Buffett signaling the end of the bull market? Or is there a deeper level of market manipulation happening behind the scenes as the world's most famous "crypto-skeptic" sits on the sidelines with more dry powder than ever before?

AP correspondent Ed Donahue reports a business legend is stepping aside.

I denne bonusepisoden får du høre et av foredragene holdt av Buffett-disiplene Roger Berntsen og Adrian Strand under AksjeNorge sine events. Denne samtalen ble holdt i Oslo 24. november 2024. Nedenfor kan du lese sitatene som blir trukket fram."You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas."Charlie Munger (02:25)"Risk comes from not knowing what you're doing."Warren Buffett (05:09)"Spend each day trying to be a little wiser than you were when you woke up."Charlie Munger (07:42)"Don't confuse the cost of living with the standard of living."Warren Buffett (10:13)"Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don't have the first, the other two will kill you."Warren Buffett (11:48)"Tell me who your heroes are and I'll tell you who you'll turn out to be."Warren Buffett (14:40)"All I want to know is where I'm going to die so I'll never go there."Charlie Munger (15:30)"Nine women can't have a baby in one month."Charlie Munger (16:41)"Knowledge doesn't add — it compounds."Charlie Munger (17:34)"Each creature runs the race life gives it. The short must hurry; the long can endure. Wisdom is knowing which one you are."Roger Berntsen (18:21)Denne podcasten skal anses som markedsføringsmateriell, og innholdet må ikke oppfattes som en investeringsanbefaling. Podcasten er kun ment til informasjonsformål. Nordnet tar ikke ansvar for eventuelle tap som måtte oppstå ved bruk av informasjonen i denne podcasten. Les mer på Nordnet.no Hosted on Acast. See acast.com/privacy for more information.

With his characteristic skill, and with a powerful metaphor, Warren Buffett makes the point that even talented people won’t succeed if they’re working in very unfavorable conditions. Resources & links related to this episode: Get in touch: podcast@gretchenrubin.com Visit Gretchen's website to learn more about Gretchen's best-selling books, products from The Happiness Project Collection, and the Happier app. Find the transcript for this episode on the episode details page in the Apple Podcasts app. See omnystudio.com/listener for privacy information.

It's been another interesting year in the world of personal finance and macroeconomics. As we look ahead to 2026… well, who really knows what's coming? I'll be sharing my own take—and making a few predictions—in an upcoming episode. What's hard to ignore is just how unusual this moment in history is. We're coming off COVID. We went through a rapid rise in interest rates, and now a pullback. Tariffs are back in the conversation. There are a lot of moving parts, and as usual, the consensus hasn't exactly nailed it. Almost every expert was convinced tariffs would push inflation higher. I expected at least a temporary bump—some transient inflation while markets adjusted. Then the CPI report came out at 2.7%. That's a lot closer to the Fed's 2% target, and nearly half a percentage point lower than expectations. Clearly, something else is going on. At the same time, GDP came in at around 4.3% growth. That's real strength. Inflation is coming down, growth is strong, and while the labor market is still a little murky, there's no question there's underlying momentum in the system. Investors haven't quite felt it yet. It's been a sticky environment. But my sense is that we're getting closer to a shift—more liquidity, more money in the system, and markets that may start moving meaningfully again. Of course, we'll see how it all plays out. For this episode, my producer Phil pulled together some of the highlights from the show in 2025—a look back at the conversations and ideas that stood out in a year when the data kept surprising just about everyone. I hope you enjoy it. And again, happy holidays. Merry Christmas, and Happy New Year. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Welcome everybody. This is Buck Joffrey with D Wealth Formula Podcast, coming to you from Montecito, California and, uh, want to wish you, first of all, a happy holidays. Merry Christmas, happy new Year, all that. And, uh, yeah, it’s been, uh, it’s been another, uh, another interesting year in the world of personal finance and macroeconomics is what, what we talk about on the show. And as we look forward to 2026, gosh, who knows what’s gonna happen, right? Uh, well I’ll give you my take in, uh, show coming up where I’m gonna make some predictions. However, you know, it’s just, it, it, it’s just such an unusual time in, in history. Um, as we kind of look at. Coming off of COVID and having those high interest rates and then coming, uh, coming down and then having Trump elected and now the tariffs and well, gosh, who knows? Right? I mean, just for example, you know, almost every expert was pretty much guaranteeing that inflation would go up because of the tariffs. I mean, even if it was transient, which frankly I thought it was gonna be transient, meaning that there was gonna be a bump in inflation. For a period of time until there was a readjustment after tariffs. Well, TPI comes up most recent CPI is actually 2.7. You know, that’s much closer to the fed target of 2%. And, um, 2.7 was, you know, I think, uh, almost a half, half percentage point less than the expected, uh, CPI, uh, report. So that, that’s obviously something else is going on there. And then. GDP numbers came out and we had a four handle. It was like 4.3, I believe, GDP. So we’ve got incredible growth. We’ve got decreasing inflation. The labor market is still, I know, a little unclear, but it seems like there’s a lot of strength in this market. Of course, it’s really sticky investors. We haven’t quite felt that strength yet, but I do think you need to start anticipating. That markets are gonna come back pretty heavy, uh, with increased liquidity, uh, and a lot of money in the system. But we shall see, uh, this show. What we’re gonna do here is, uh, my, uh, producer Phil put this together, but it’s basically some of the highlights of, uh, the show in, in 2025. So hopefully you enjoy it. Uh, and again, happy holidays. Merry Christmas, new Year. And we’ll be back right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying. You compound interest on that money even though you’ve borrowed it at result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique, it’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its back. Turbocharge your investments. Visit wealth formula banking.com. Again, that’s wealth formula banking.com. How do you approach the process of identifying stocks that are maybe best suited for consis consistent cash flow? Or do you just pick the stocks that you like and, and create the cash flow? Or are, you know, fundamental metrics that maybe you prioritize? Yeah, the, the, the first thing to determine. I think real estate investors understand this is if I were to invest in real estate, I’m gonna determine whether I’m gonna be a flipper, or I’m gonna try and buy low forced depreciation, sell high. Or if I’m gonna be a cashflow investor where I might invest in syndication, or I am, I’m gonna have tenants in property management. And the same is true with stocks. Most people start off by thinking about price rather than cash flow. They think about buy low, sell high, like a house slipper, and that’s, that’s less tenable in stocks because in real estate, if I buy low and sell high, I can do things to force appreciation. I can renovate, I can get new management, I can put in new appliances. I, there’s things I can do to force appreciation. But once a person buys a stock, there’s absolutely nothing you can do to make the stock price go up. But if you take a a, if you think of it like a real estate investor. You think about it like owning a business where the priority, as you mentioned these metrics, the priority is, Hey, what kind of cashflow will this produce be in terms of dividends and in my case, option premiums. And so some of the key metrics is, you know, if I, I’m basically buying a financial statement, same as real estate. You know, I, I, I, it is just a little different numbers in real estate. I wanna know what the net operating income is. In stocks, I might wanna know what the EBITDA is ’cause they’re essentially looking at the same types of things in real estate. I wanna know what the cap rate is in stocks. I wanna know what the PE ratio is, which is just the same number inverted. They just put the price on the top instead of the bottom. To me, I don’t see a difference between real estate and stocks, uh, in that they’re both a business or they charge someone for a good or a service. And there’s either cashflow there at the end of it or not. If people take a cash flow approach, they can begin to build on their passive income. And that contributes to that blueprint we mentioned earlier to get ’em outta the route race. So if you take a Warren Buffet approach, the most important number in that business is operational cash flow or earnings. Meaning does what they do, their operation. You know, you walk in there, a nice operation you got going here, you know, trucks are moving and you know, products are being built and shipped and, and nice operation. If they’re earning money, that means that’s the life flood of the business. That means it’s got a good moat. That means it’s pretty protected and that allows them to do two things for me. Number one is a dividend, which is exactly the same thing as a distribution in real estate. Uh, there is no difference, uh, in a syndication. I have a whole bunch of investors I’ve joined with where you have a share of this project and when the earnings come out, they distribute the, the distributions among the share shareholders. Same is true with stocks. They take the earnings, uh, we call it a payout ratio, and they take a, a, a significant amount of that money and they pay it in a dividend, same as a distribution. But what I do that’s a little bit unique buck is, uh, is I also have the options market on my side. Where I can use options to control risk, uh, to get guarantees where I can buy and sell, but even more importantly, I can offer, uh, and get paid for making promises to people. This is very much a Warren Buffet deal where it, it brings a significant increase to my monthly cash flow beyond the dividend, up to three, two and three times. Uh, the amount of money, two to 300% more cash flow. By being involved in the options market and that’s, that’s a nice secret sauce. The yield max Tesla option income, ETF, which is TSLY. And basically what it does is. Is it just does a series of longs and shorts and, and then generates what looks like to be kind of a, a ridiculous amount of, uh, dividend, uh, per, per month. So what are we missing here? What, what’s, well, you’re, you’re basically hiring those guys to mow your grass. It’s just like any other mutual fund or any other. They’re doing something you could absolutely do by yourself and not pay them a fee. There’s two cultures. There’s the advice culture and there’s the education culture and the advice culture. People say, look, I don’t wanna learn anything. Just gimme the advice. Well, you’ll pay for that in fees. And the problem with doing that is if you really listen to Warren Buffett, which 1% is enormous. Because in the wealth blueprint that we do for people, we use compounding. We use the compounding calculator to see what we’re gonna need. You drop that 1%, you give up 1% of your compounding powers as an investor over your life, it, it wouldn’t seem like 1%, but Buffet knows the truth. It’s enormous. So yeah, absolutely there are ETFs and there are funds that will do exactly what I do or what I teach people to do, but we have some advantages in doing it yourself because risk is about control. I trust myself more than I trust those guys any day of the week. And like I say, I’m doing this by month, so yeah. But it’s legit. How do you even make predictions? And second of all, I mean presumably you still have some forecasts over the next, uh, 12 to 24 months, and maybe you could tell us a little bit about that. Our methodology lends itself to times of uncertainty like this, and that’s the benefit of really relying on the leading indicators that we have. Now. We do have to take a little bit of a different approach. We have to look at data in a lot higher frequency today. You know, a lot of the data you get from government sources or quarterly data, monthly data, but we’re having to track weekly trends with the ever-changing environment that we find ourselves in. So we’re not surprised by the time any monthly or quarterly data comes out. The level of uncertainty that we’re dealing with is certainly unprecedented. I share an index each day, um, and we are three times more uncertain today than we were at the height of the pandemic. You know, put that in perspective, right? Yeah. So we do have to adjust, um. The, the way that we’re looking at data with higher frequencies, we also have to rerun a lot of these correlation analysis. Every single time we get a new data point to see are these lead times becoming more condensed? Do we have to make adjustments in our models as a result to maybe data reacting quicker than it might have in the past? So those are some of the ways that we’re, we’re continuing to evolve in these interesting times we live in. This relates to our forecast. Our team expected some weakness in the first part of this year, and, and we knew that coming in with the, with the tariffs that were proposed during President Trump’s campaign, we did have a weak first quarter GDP number forecast. Our team was 0.1% off of nailing that first quarter GDP number, so they were right on the money there. Uh, we were very impressed with that, but we do expect a sluggish first half of the year. We call it the recovery phase of the cycle. What we mean by that is our growth rates are still building momentum, but are still negative year over year. You know, ITR. Really known for its emphasis on leading indicators. So which of the leading indicators you guys rely on the most when and, and I guess which are flashing red or green right now? I’ll give you one of each. Uh, yeah. The one we’re in right now, we look at the purchasing managers, index isms, purchasing managers index. Now we look at at on a one 12 basis. What I mean by that is we compare the most recent month, the same month one year ago. The reason we look at it on that basis is it gives us 12 month lead time into the future when you correlate it to the economy. That index was recently rising until we got the most recent month of data, and then it dropped back down. So that is giving us the mixed signal of, hey, we need to be a little bit more concerned about the prospect for growth moving forward. Now the opposite is true when we look at an indicator called capacity utilization. What Capacity utilization measures, it’s about an eight month lead time to the economy. So still a nice view into the future, but what it measures is output over capacity, and that actually continues to improve meaning. And again, really all that means on a simple level is we’re utilizing more of our existing capacity, so we’re getting busier. If we look at the consumer side of inflation that the Fed’s more concerned about in terms of setting policy, we have inflation essentially flat this year from where we are today. Now, if you look at the CPI, it’s at 2.8%. Our projection for the end of the year is 2.8%. We don’t see inflation coming down much at all. As a result of that, that’s why you’re seeing Chairman Powell back off being able to cut rates and is holding these rates steady because he sees these higher inflation risks as well. And so from our perspective, it’s very unlikely you see any meaningful interest rate decline this year. Yeah. Now again, the second quarter, GDP number can have an impact on that. We do see a very weak second quarter chairman Powell alluded just a couple of days ago to some slack in the labor market. Maybe you can get a quarter point if we have a really weak second quarter, quarter point cut, but it just seems very unlikely given how persistent inflation has been. And so we tell all of our clients, prepare for interest rates to be relatively flat this year, and prepare for interest rates to rise through the balance of the second half of the decade. It’s not just tariffs, it’s employment costs, it’s electricity costs, it’s material costs. There’s a lot more driving higher inflation than just tariffs. What macroeconomic trends are you watching right now with regards to how they’re shaping the markets today? I think there’s really three things right over the long run. They’re gonna debase the currency, that’s gonna be a persistent tailwind for all liquid, uh, assets, including stocks. Bitcoin gold and bonds. And then I think that you also are going to have a, uh, very interesting dynamic around all these tariffs, uh, and kind of the administration’s economic policies. And then the third thing is that there is a whole technology, uh, trend to, uh, pay attention to. Uh, obviously innovation is very deflationary. Uh, we’ve got, you know, things from humanoid robots to rockets to gene editing, to uh, to crypto and everything in between. And so I think those three things really tell the story of where, uh, markets potentially go in the future. When I grew up, um. S and P 500 was the benchmark. There’s a risk-free rate in bonds. I believe that my generation and younger sees Bitcoin as the benchmark. And so, uh, it’s very simple. If you can’t beat it, you gotta buy it. And I think that there’s institutions around the country who are realizing they can’t beat the benchmark and therefore they will end up buying it. And really, to me, that is, uh, maybe the most interesting. Part of the entire conversation is that Bitcoin obviously has risen significantly on a percentage basis in appreciation. Bitcoin has kind of infiltrated every corner of finance, but most importantly is it has transitioned from a high risk, you know, kind of asymmetric type asset to now it’s becoming the hurdle rate uhhuh. And if you’re the hurdle rate, you suck up a lot of capital. Yeah. Because there’s not a lot of people who can beat you. And I think that that is a very powerful position for Bitcoin to be in. And that’s how you infiltrate into, uh, the institutional portfolios. Bitcoin will stop going up. When they stop printing money. I don’t think they’re gonna stop printing money, so I don’t think Bitcoin’s gonna stop going up. That’s kind of one huge component of this. The second thing is that Bitcoin is very unique in that the higher the price goes, the less risky it is deemed by the largest pools of capital. Mm-hmm. And so usually, you know, if NVIDIA’s at a $4 trillion market cap, people like, oh, it might be overvalued there. A lot of debate. Right. Bitcoin if it was at a $4 trillion market cap would be way less risky than it when’s at 2 trillion. And so there is a lot of structural advantages, both from the legacy world but also from the Bitcoin market that I think will continue to lead to these large institutional capital pools. Uh, allocating some percentage. And the beauty is right now we have very small adoption in that world. Uh, it’s only gonna get bigger. It’s only gonna get more normalized. And I think that one of the parts people really underestimate when it comes to Bitcoin is how important time passing is. You know, if you think back, uh, there is not anyone under the age of 16 that has lived their life without Bitcoin existing. If you’re keeping large chunks of money in savings account, paying less than 1% or any percent less than inflation, you’re bleeding wealth every single day. It feels safe. It looks safe, right? ’cause the numbers may not be moving nominally but it, but it’s not safe. It’s a bucket with a hole in the bottom and you don’t even notice until it’s almost empty. That’s why the wealthy don’t hoard cash. They own assets. They own assets that inflate with inflation. If you can’t beat ’em, join them. They buy things that grow in value as dollars shrink because they understand the system. They don’t fight it, they ride it. So you’ve said many times that the current monetary system is broken and headed for reckoning. So from your perspective, what are the core flaws in the system right now and how do we get here? Well, probably the largest and most obvious underlying flaw in the monetary system is the fact that the federal government just can’t balance its budget. And so they have to take on debt to cover the deficit that they run and that deficit. Well, you know, over the course of the last 20 years, it’s gone up and down. More recently, it’s gone mostly up and, uh. We just came through a period where, you know, it was reemphasized to everybody. Just what a problem this is. Because as you’ll recall, when Trump was first elected, they were talking about those, the Department of Government Efficiency and cutting expenses and you know, maybe 2 trillion or 1 trillion. Of course, then Elon got frustrated and left and the numbers have come down and you know, Trump and the Freedom Caucus was saying they were gonna try and balance the budget or at least cut expenses. And of course, what we know is that they just passed this big beautiful bill. Which really increases the deficits and they bump the debt, uh, ceiling up by another $5 trillion. So sadly, what do many of us have seen and been saying, which is to say they just can’t stop, kind of continue. Seems to be continuing. And, um, you know, the reason why that, just to close the full circle, the reason why that matters is they, they do this debt, they issue debt to cover these deficits, and then the debt requires interest payments and, you know, there’s not enough money to make the interest payments. And so. They more or less have to print the money, you know, and inflate the money supply to keep the system going. And that’s why it’s so important to hard assets. You know, we need to grow the economy at, you know, 4, 5, 6, 7% a year, which, which we’ve never really done on real terms. Well, I think that is kind of what they’re projecting it might be, but it, it’s gonna be harder than hell to achieve. I mean, it just, where you can’t just snap your fingers and create that growth. Now, don’t get me wrong, if you start to, if you ramp up inflation. If you have 10% inflation, well then the GDP number’s gonna get bigger, fast. And so really the model they’ve used, they call it the R Star model, is that they’ve got to have faster growth. Growth rate has to be higher than interest rates, or else you’re in a debt spiral. And so what’s been happening is, by the way, that’s why Trump wants to take interest rates down so much. You know, he is called for a 300 basis point cut. Imagine right now with inflation running at three plus percent, if they cut rates to one point a half percent or one point a quarter percent, I mean, it would be good for the economy. People would refi their houses. You know, there were all kinds of, you know, growth, right? Huge. But in turn it would be inflationary, very inflationary. That’s the trap. They’re really kind of caught in. It’s a seventies kind of stagflation sort of environment. You know, if they don’t keep rates low, they’re not gonna have any growth. If they want to get growth, they’ve gotta keep rates low. That’s gonna lead to monetary creation, which is gonna lead to inflation. Look how it all resolves is very complicated and none of us know. Yeah, sure. But what I do know with very high certainty, with a lot of confidence is this is going to be an inflationary decade. It’s already been an inflationary decade, and because of the way the math is today is very highly likely to continue to be an inflationary decade until we fix this monetary system. Well, we have less than 3% adoption. Three goes to six fairly easily. You know, human beings underestimate how long change really requires, and then we really underestimate how much change actually occurs. Think the internet like we are moving into a digital planet, right? Robots are not going to use credit cards, man. They’re not gonna use, they don’t need visa. We don’t need middlemen. The cool thing about Bitcoin, unlike the Rolls Royce, is you don’t have to buy the whole Rolls Royce. You can buy a fraction of it. You know, you don’t, maybe you guys partner with each other to do apartment buildings. Well, you’re already doing fractured deals on apartment buildings, so Sure. It’s not really that different. 2%, 3% goes to six. I mean, it does go to six. You have the largest ETF in the history of ETFs, okay? This supersedes the goal. ETF by orders of magnitude. I study markets very, very well, price. Really gets people’s attention. I think price is, uh, 90% of Bitcoin. Like I am truly a supply and demand guy. Oh wow. 21 million. And you guys have lost four. You lost 4 million coins. Oh, how’d you lose the 4 million? You lost the 4 million. I know how you lost it. You mispriced it. Bitcoin has been mispriced every day. Its entire history. Dude. 19 million coins have been issued. The addressable market is 8 billion people. You don’t need ’em all. Yep. You just need a small function of those 8 billion to go, Ooh. 21 million units and and four have been lost. It’s already mispriced. Okay. They’re pricing Bitcoin at one 15 Today, assuming there’s 21 million units, we know there’s not. There’s 17, so the supply shrunk. The market caps at 2 trillion. Hello. The standard deduction for a household is now, uh, what in a low 32,000 range. And it turns out that 60% of the households in the United States cannot take advantage of itemized deductions. That is when they take their mortgage interest, property taxes, charitable deductions, they don’t get that number. And so there’s not as much benefit to home ownership as there used to be in the United States. With our big institutional players, nobody wants their appraised values to be quickly marked down to market, because if your competitors don’t do the same thing and they’re part of the index and benchmark that you compete against, you’re going to underperform. And so we’ve traditionally had a lot. Appraised values for real estate among the institutional players, especially. You don’t get this out of the private market, but you get this from the nare players, the institutional type players, and, um, and everybody’s, uh, uh, fearful of underperforming that index. I would prefer as a private investor just to go ahead, bite the bullet and mark it down. Now take the pain if in fact you’ve seen it go down. Some markets have seen property values go down 30, 35% even in multifamily, but they’ve bottomed out in the transaction market and, and absolutely the, uh, the appraisers are gonna have to bring it down and the owners are gonna have to ease up that pressure and say, yes, I want a realistic appraisal. But, um, but there is that fear of underperforming the index and that’s. What’s holding up the American appraisal firms in 2008, 9, 10, 11, we saw a lot of deep distress. The the smart money was ready for it. Now, there’s a lot of people with dry powder, as we say. Ready to p on the market hoping for some distress from those who cannot refinance now, whose, whose CMBS loan or other money is, is rolling. A couple points there. One is, I think you’re going to see more loan modifications this cycle than last time because they realize it’s temporary and they realize that not all properties are in trouble. And these tend to be the higher leverage properties. The smart private wealth investors tended to use conservative leverage over the last several years knowing we’d hit a cycle and, and they probably are 65% or less. Leverage some of the, um, greener newer investment managers might have gone up to 80% and might have even used variable rate debt when they shouldn’t have. They’re the ones getting nailed. They’re losing all their equity and that property is distressed. So there’s not that much of it out there. But there’s a little bit, and I would certainly pounce on it if you can find it. There are often a lot of sort of hidden costs associated with buying versus renting. Can you talk about trying to weed through some of that? Sure some of the highest costs that we don’t think about when we own, although we do take cut down on risk. And also I think that’s come back to consumption. I, I is the fact that there’s the opportunity cost. So think about having 50%, a hundred percent of your home paid for. This, it’s the opportunity cost. You’ve actually taken capital out of play at higher returns to put it into something that perhaps, yes, you see it as a form of an investment, but it’s also partly consumption. And I think that’s why many people end up paying for their homes when they can, because there’s an old saying, and that is, you can’t go broke if you don’t owe money on it. Right? So if you, it’s hard for the lender to come get your home and you don’t really care, right? You wanna be able to. Have no debt on your home. It doesn’t make the typical financial sense if we argue at it from leverage and returns and maximization of returns. I think most people this high end level are looking at, you know, I, I, I, I have high net worth. I’m looking at both consumption and the investment side of the component. But very often the consumption wins and the investment is I can be safe and I can own this house. Outright in many states too. Your homeowner, the home that you live in, you are actually, if you’ve homesteaded the home, you’re actually protected against lawsuits and other things that are out there. Divorce cases will protect your position in, in terms of a homestead, so you can protect a significant portion of wealth by having a paid for home. What are some of those markets that are really overpriced versus. I guess underpriced right now. So when we look at the top 10 most overpriced markets in America right now, we look at their prices, where they are and compare them to where they should be statistically modeling them. We’re seeing the most overpriced markets are Detroit at 33.5% and then falling, falling, descending. Order of Cleveland, Ohio. New Haven, Connecticut, Akron, Ohio, Worcester, Massachusetts, Las Vegas, Nevada, Hartford, Connecticut. Rochester, New York, Knoxville, Tennessee, Toledo, Ohio. You’ll notice. And these are overpriced. These are overpriced. These, the overpriced mark. That’s so, that’s sort of counterintuitive, isn’t it? Ab absolutely. But yes. Wow. Okay. And then h how about the, uh, underpriced markets? I’m curious on that too. Sure. So when we then go to the opposite end of the spectrum, and usually now with underpriced comes risk and there’s risk in both of these markets, what you wanna do, both overpriced and underpriced, what you wanna be long term in a housing market. Uh, ’cause you want to be really close to that trend and not have these dramatic swings. It’s just like stock price. We don’t like volatility. Housing, it’s, it’s dangerous for performance. The most underpriced markets. We only have four markets in America right now that are trading at a discount relative to their long-term pricing trend. In other words, statistically, where they historically prices say prices should be today only four cities are underperforming. That that’s Austin, Texas at 3.1% below where they should be, or a discount of 3.1%. San Francisco at a discount of 6.5%. Wow. New Orleans, Louisiana at a discount of 8.7 and Honolulu, Hawaii at a discount of 10.3. Notice I’m not saying these markets are inexpensive. They’re just below where they’ve historically been. These are the best buys right now because they’re below their long-term trend. One of our other indices, we call it our price to rent ratio. It’s really a PE ratio for rents versus home ownership. And then so we can look at that. So if you’re in our a hundred markets, we know the average price, right? So it’s gonna be priced, divided by the annual average rent. So it’s gonna be how many dollars in price do you pay for every $1 and annual rent? And that gives us the relative difference between owning and renting. The higher that ratio. The, the more you should on in general be leaning towards renting, the lower that ratio, the more you should be leaning towards owning. And we used to do an old buy versus rent index for 23 cities. We now do it for 100 cities. And this price to rent ratio produces almost the same exact answer. So when we look at the average price to rent ratio in an area and we just compare, are they above or currently are you above the price to rent ratio? Uh, for Los Angeles, California. Are you below it? If you’re above that average for say the last 10 years, you’re gonna be rent friendly. If you’re below it, you’re gonna be bio friendly. I can do this very quickly. Pick a California market you’d like to know about. Why don’t we try Dallas, Texas. Okay. Dallas, Texas. That one’s in the top 100 in terms of population. So Dallas, Texas, uh, their price to rent ratio is at about a, just below a 6% premium. In other words, that trade off between renting and owning is about 6% above where it should be, so it slightly favors renting. I’ll jump to the next index. If we look at actual prices in Dallas, there’s a slight premium. So it’s, it’s, it’s telling me, Hey, that my price to rent ratio’s high, slightly favoring ownership, but it’s probably because prices are a little high and they might change. Uh, Dallas has had a bit of a. Premium right now. So I will now go look at Dallas rents. My gut feeling is they’re gonna be below average and they are. They’re at about a 4.5% discount. So that’s just market dynamics in motion right there. And we can do that for a hundred cities pretty quickly. Mm-hmm. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties, now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Good news. If you need to catch up on retirement, check out a program. M put off by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it and uh, once again. Thanks again for listening. Uh, I truly appreciate your support. I hope, uh, I hope it’s been entertaining for you and that you’ll learn something along the way and, um, you know, always appreciate your feedback. Shoot me an email, bucket wealth formula.com. Let me know if there’s things that you want me to do. Let me know if there’s things you wanna hear more about. Uh, but hopefully it’s gonna be a good year and we’re gonna keep plugging away talking about the, you know, try to get educated myself and pass along information to you on Wealth Formula Podcast. That’s it for me this week on Wealth Formula Podcast. This is Buck Joffrey. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit well formula roadmap.com.

After sixty years building Berkshire Hathaway into a trillion-dollar company, Warren Buffett used his final letter to reflect on life rather than markets. In this episode, Brandon unpacks four core lessons Buffett passed on: the power of consistency, designing your life intentionally, believing your best work may still be ahead, and redefining greatness beyond wealth or recognition.You'll learn why compounding applies to values as much as capital, how small daily choices shape legacy, and why lifelong learning beats early success. This episode serves as a reflective capstone for the season... a reminder that building something meaningful isn't about speed or scale, but about direction.

How This Year's Biggest Events and Behavioral Insights Can Transform Your Financial Future 2025 has been a year packed with transformative moments—political shifts, market turbulence, technological leaps, and viral media headlines. In this episode of Dollars & Sense, Joel Garris guides you through the essential financial lessons we can draw from the past twelve months, exploring how these events influence your money decisions. Can the rise of artificial intelligence and robo-advisors truly replace the wisdom and empathy of a seasoned financial advisor? Joel weighs the promise of AI's efficiency and data prowess against its limitations—highlighting why human guidance remains vital when markets swing, life gets complicated, and emotions run high. The episode features Warren Buffett's timeless warnings about investor behavior, with practical tips for sidestepping biases like loss aversion, herd mentality, and overconsumption. Joel offers real-world strategies to help you avoid costly mistakes and follow a disciplined path, no matter what headline dominates the news cycle. From tariffs and market shocks to breakthroughs in energy and viral pop culture moments, every headline of 2025 brought a new lesson for your financial playbook. If you're ready to understand what these stories mean for your investments—and how to make smarter decisions in the year ahead—this episode delivers valuable insights with Joel's trademark warmth and wit. Curious how these lessons apply to your financial journey? Click to listen and turn 2025's headlines into your smartest year yet! 

Chris Bloomstran examines the future of Berkshire Hathaway as legendary investor Warren Buffett prepares to retire. The discussion highlights the remarkable legacy of Buffett's sixty-year tenure, characterized by capital allocation expertise and high ethical standards, while expressing strong confidence in successor Greg Abel.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Steve Jordan discusses his extensive history covering Warren Buffett, highlighting how the legendary investor's Midwestern roots and family influences shaped his distinctive business philosophy.  Learn more about your ad choices. Visit megaphone.fm/adchoices

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Lauren is joined by Marc Bridge, C.E.O. of At Present and heir to the Ben Bridge jewelry empire, which is owned by Warren Buffet's Berkshire Hathaway. We discuss the way the business of fine jewelry has changed, and the opportunities that lie ahead. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Happy Holidays! We're taking a short break from new episodes this week so you can focus on finishing that Christmas dinner. We'll be back next Thursday with something new. In the meantime, why not tuck into this conversation with Guy Spier from January 2024, which remains one of my favorites. Enjoy! _________________ Guy Spier runs the Aquamarine Fund, an "investment partnership closely modeled on the original Buffet Partnerships." He is also a podcast host, YouTube creator, author of The Education of a Value Investor and the host of the annual investment gathering VALUEx. He describes his life's project as "a quest for wealth, wisdom and enlightenment." Guy joins the show to discuss the differences between Switzerland and the US, how to unlock the British class system, what he learned from Warren Buffett, and MUCH more! Important Links: Guy's Website Guy's Twitter Guy's YouTube Channel 3Blue1Brown (YouTube Channel) Numberphile (YouTube Channel) Show Notes: The Differences Between New York, Switzerland & Paris Exploring the Dark Underbelly of New York Nightlife Psychedelics, Guns & Regulation The Advantages of Swiss Democracy Don't Short the United States The Branding Skill of the Royal Family Unlocking the Rules of the Class System Life Paths & Premeditation Luck, Opportunity & Non-Canonical Science Jim's Music Taste Mathematical Shenanigans Guy as Emperor of the World MORE! Books Mentioned: How to Change Your Mind: What the New Science of Psychedelics Teaches Us about Consciousness, Dying, Addiction, Depression, and Transcendence; by Michael Pollan The Hypomanic Edge: The Link Between (a Little) Craziness and (a Lot Of) Success in America; by John Gartner Write It Down, Make It Happen: Knowing What You Want and Getting It; by Henriette Anne Klauser Invest Like The Best; by Jim O'Shaughnessy Outside, the Sky is Blue: The story of a family told with searing honesty, humour and love; by Christina Patterson

Lloyd Blankfein never chased a master plan. He focused on whatever was right in front of him, and those small decisions carried him from a Brooklyn housing project to leading Goldman Sachs through the worst financial crisis since the Great Depression.In this episode of Big Shot, Harley and David sit down with Lloyd to explore how that path unfolded. He talks about growing up in public housing and sharing a room with his grandmother, then suddenly finding himself at Harvard at 16, arriving in a suit because he had no idea what college culture looked like. He reflects on the dislocation of moving between the projects and the Ivy League and how he learned to navigate both worlds without ever feeling fully at home in either.Lloyd traces his shift from law to commodities, what he absorbed inside J. Aron, and how a crisis inside Goldman in the 1980s reshaped the firm and opened unexpected doors. He also shares what it was like to lead Goldman Sachs through 2008, why Warren Buffett's support mattered at a defining moment, and what it took to keep the firm intact while the global financial system was breaking apart.It is a conversation about chance, focus, resilience, and the surprising places a life can go when you simply take the next step.—In This Episode We Cover:(00:00) Intro(05:15) Lloyd's early days(07:05) How Lloyd graduated early (08:53) How Lloyd ended up at Harvard at 16 (10:56) A glimpse at just how humble his beginnings truly were(13:42) What it was like arriving at Harvard with no roadmap(19:37) Why top public-university talent can match (and sometimes surpass) the Ivies(20:27) What it was like moving between worlds (25:05) Why it took a long time to adjust to the burden of great wealth (27:11) What led Lloyd to law school(28:48) Lloyd's approach of thinking one step ahead(30:35) Why Lloyd quit practicing law (35:16) Lloyd's pivot to finance and initial rejection from Goldman Sachs(41:00) The J. Aron role that pulled Lloyd into Goldman (49:30) Inside the meritocracy of Goldman Sachs (53:08) How Lloyd ended up making partner at Goldman Sachs unexpectedly(1:02:30) Building trust across cultures (1:06:52) What changed after making partner (1:10:10) What sparked Lloyd's retirement and renewed focus on learning(1:14:42) How the 1994 crisis set the stage for Lloyd to become CEO(1:22:00) Steering the firm through the 2008 financial crisis(1:28:22) The deal with Warren Buffett (1:37:58) Risk-taking vs. risk management (1:39:04) How anxiety fuels Lloyd's risk management style (1:42:00) Lloyd's biggest accomplishment at Goldman Sachs (1:46:21) A case for self-acceptance —Where To Find Lloyd Blankfein: • X: https://x.com/lloydblankfeinWhere To Find Big Shot: • Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.bigshot.show/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@bigshotpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  • TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@bigshotshow⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/bigshotshow/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  • Harley Finkelstein: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/harleyf⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • David Segal: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/tea_maverick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• Production and Marketing: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://penname.co⁠

#673: Welcome to Greatest Hits Week – five days, five episodes from our vault, spelling out F-I-I-R-E. Today's second letter I stands for Investing. This episode originally aired in April 2022, but the framework remains one of the most practical guides we've shared for building wealth at any age. Nick Maggiulli joins us to reveal why most young investors obsess over the wrong metrics — and shares his Save-Invest Continuum that shows exactly when your savings beat your investment returns, and when that changes.  _____ When Nick Maggiulli was in his twenties, he spent countless hours obsessing over his investment portfolio – tweaking his asset allocation, running net worth projections, and building complex spreadsheets.  Meanwhile, he was blowing $100 every weekend partying in San Francisco. It took him years to realize the absurdity. His annual investment returns on his tiny $1,000 portfolio might earn him $100 – the same amount he'd spend in a single night out. Maggiulli joins us to explain why young investors focus on the wrong things and shares his framework for knowing when to prioritize saving versus investing.  He introduces the Save-Invest Continuum, which compares your expected annual savings against your expected investment returns.  When you're starting out, your ability to save dwarfs any investment gains. A $6,000 annual savings capacity beats a $100 investment return every time. We discuss the math behind saving 50 percent of future raises, not for guilt or deprivation, but to maintain lifestyle balance while building wealth.  This rule applies only to real raises above inflation. If you get a 3 percent raise during 3 percent inflation, you haven't actually gotten ahead. The conversation turns to unconventional income-producing assets. Beyond stocks and bonds, Maggiulli explores farmland investing, which offers returns uncorrelated with traditional markets.  He shares the story of someone who bought the royalty rights to Jay-Z and Alicia Keys' "Empire State of Mind" for $190,000. The song earned $32,733 in royalties the previous year — an 11 percent return if that income stays constant. We examine why 85 to 90 percent of your portfolio should generate income through dividends, rent, interest, or business profits.  Maggiulli keeps his speculative investments — cryptocurrency, art, and individual stocks — under 10 percent of his net worth. He admits his two individual stock picks are down 60 to 70 percent, proving his own point about avoiding stock picking. The episode reveals that time remains your most important asset. Warren Buffett would likely trade his entire fortune — and go into debt — to be 35 again.  This perspective shapes every financial decision, from choosing income strategies to deciding between assets that merely appreciate versus those that pay you while you sleep. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Nick's mistake of obsessing over investments while partying away returns (05:31) The Save-Invest Continuum explained (08:11) When savings matter more than investment returns (12:31) Focusing on both saving and investing in midlife (13:11) Crossover point: when investment returns exceed spending (14:11) The 2X Rule for guilt-free spending (15:31) Save 50 percent of future raises (20:41) Five ways to increase income (26:31) Selling time versus selling skills (28:11) Teaching and creating products for income (30:11) Climbing the corporate ladder (31:11) Converting human capital to financial capital (32:31) Income-producing versus speculative assets (36:11) Individual stocks and cryptocurrency allocation (43:51) Farmland investing basics (45:31) Royalty investing example (49:31) Art and non-income producing assets (51:11) Inflation and debt strategies Learn more about your ad choices. Visit podcastchoices.com/adchoices

As Warren Buffett aged, he became a different sort of figure. He transformed from short-term investor into long-term builder. He used Berkshire Hathaway to start buying companies and build an empire. Today on the show, how did Buffett's fame become an investment tool and hHow did he handle the biggest crisis of his career? Related episodes: Planet Money Summer School 2: Index Funds & The BetBrilliant vs. Boring For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

With an unprecedented decades-long run of success, Warren Buffett is retiring on December 31, 2025. Buffett's turning point began with the acquisition of a failing textile mill called Berkshire Hathaway. What began as a “terrible mistake” became the foundation for his empire. Today on the show, how did Buffett become this legendary figure? Related episodes: Planet Money Summer School 2: Index Funds & The BetBrilliant vs. Boring For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

In this episode, I talk about the idea of the avoidance list and why success is more about what you don't do than what you do. This comes from a story in the book The Third Door and a strategy often linked to Warren Buffett, even though he didn't actually create it. The idea is simple: pick your top five goals and avoid the other twenty, not because they're bad, but because they distract you. Focus is limited, and trying to do everything weakens your results. I will explain why a “not-to-do” list might be more powerful than any to-do list. Show Notes: [03:53]#1 Most people fail through too much addition, not through subtraction.  [10:25]#2 True power is in restraint, not commitment.  [15:19]#3 Discipline creates presence.  [18:04] Recap Episodes Mentioned: 1193: Focus: The Force Multiplier Next Steps: ⚡️ Power Presence Protocol  Command The Room Without Words → http://PowerPresenceProtocol.com 

Welcome back to Impact Theory with Tom Bilyeu! In this episode, Tom Bilyeu and Drew dive deep into the chaotic waters of today's economy, exploring everything from the looming realities of inflation and skyrocketing debt to the complexities of market bubbles—and what it all means for the everyday person. Joined by Mason on the community soundboard and Eric handling the tech, the team brings sharp insights and practical advice, peppered with audience questions, super chats, and some unforgettable pop culture moments. The conversation kicks off with a candid take on market timing and the psychological traps that even the most seasoned investors fall into. Tom Bilyeu explores the “hype cycle” and why understanding the distinction between a one-time price increase and true inflation is crucial to keeping your financial sanity. Together with Drew, they break down current events—from shocking headlines and political controversies to the future of AI and energy innovation—stressing the importance of diversified assets and emotional discipline in your investment strategy. Get ready for a fast-paced, perspective-shifting journey that not only unpacks today's market turbulence but arms you with the mental frameworks to navigate an uncertain future. Whether you're chasing financial freedom, curious about the psychology of wealth, or just want to make sense of the noise, this episode delivers clarity with candor, wit, and a whole lot of Impact Theory. Business Wars: Follow Business Wars on the Wondery App or wherever you get your podcasts. Quince: Go to https://quince.com/IMPACTPOD for free shipping on your order and 365-day returns. Linkedin: Post your job free at https://linkedin.com/impacttheory HomeServe: Help protect your home systems – and your wallet – with HomeServe against covered repairs. Plans start at just $4.99 a month at https://homeserve.com Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Sintra AI: 72% off with code IMPACT at https://sintra.ai/impact True Classic: Upgrade your wardrobe at https://trueclassic.com/impact CashApp: Download Cash App Today - https://capl.onelink.me/vFut/v6nymgjl #CashAppPod Connectteam: 14 day free trial at https://connecteam.cc/46GxoTF What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever wondered how Warren Buffett came up with his investment strategy? Today, Nicole pulls back the curtain. In this episode, Nicole breaks down how the investing pros create their investing theses, how they stress-test their own ideas, and three famous real-world examples that paid off. Then, Nicole will explain how you can create your own strategy— and how to easily execute on it... today. Paid endorsement. Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Not investment advice. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Past performance does not guarantee future results, and investment values may rise or fall. See terms of match program at https://public.com/disclosures/matchprogram. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.