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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
Whose portfolio has been gold and whose has been meh? Find out on this week's PlayingFTSE Show!Merry Christmas Everyone! We're actually recording this about a week early, but we're excited to be sharing the big day with all of you.It's the most wonderful time of the year. We're reporting on how our portfolios have done and giving you the satisfaction of pointing out how much better than us you are.Steve D has had a pretty good year. If you squint, he's ahead of the S&P 500, but you do have to have had a few by the time this show goes out to let him get away with it.The big news is that he's selling out of Alphabet just as Berkshire Hathaway is moving in. But he's also building a cash pile that looks a lot like Warren Buffett's, so what's he up to?Steve W has not had a good year. To say anything else, you'd have to be blind drunk on the Christmas spirits and even then, that probably wouldn't be enough to do it.Bunzl, Diageo, Celebrus, and 3i have been ruining things this year. But is he going to do anything differently next year, or will it just be more of the same and hoping for the best?The Eurobox has done quite well, mostly because we don't really know what we're doing with these stocks. But does that mean we can't change a winning team?By contrast, the Britbox has been an interesting mixture of outstanding performers and complete rubbish. The net overall result is… rubbish, so what are we going to do about it?Only on this Christmas PlayingFTSE Podcast!► Get a free fractional share!This show is sponsored by Trading 212! To get free fractional shares worth up to 100 EUR / GBP, you can open an account with Trading 212 through this link https://www.trading212.com/Jdsfj/FTSE. Terms apply.When investing, your capital is at risk and you may get back less than invested.Past performance doesn't guarantee future results.► Get 15% OFF Fiscal.ai:Huge thanks to our sponsor, Fiscal.ai, the best investing toolkit we've discovered! Get 15% off your subscription with code below and unlock powerful tools to analyze stocks, discover hidden gems, and build income streams. Check them out at Fiscal.ai!https://fiscal.ai/?via=steve► Follow Us On Substack:Sign up for our Substack and get light-hearted, info-packed discussions on everything from market trends and investing psychology to deep dives into different asset classes. We'll analyze what makes the best investors tick and share insights that challenge your thinking while keeping things engaging.Don't miss out! Sign up today and start your journey with us.https://playingftse.substack.com/► Support the show:Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse(All proceeds reinvested into the show and not to coffee!)► Timestamps:0:00 INTRO & OUR WEEKS7:31 REVIEWING STEVE D'S PORTFOLIO30:19 REVIEWING STEVE W'S PORTFOLIO49:10 EUROBOX & BRITBOX UPDATE► Show Notes:What's been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that's accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy► Wanna get in contact?Got a question for us? Drop it in the comments below or reach out to us on Instagram: https://www.instagram.com/playing_ftse/► Enquiries: Please email - playingftsepodcast@gmail(dot)com► Disclaimer: This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.
#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
Muy buenos días, se acerca el cierre de año y por qué no mirar en qué invirtieron dos de los personajes más vigilados por ustedes los inversionistas. Más uno que otro, pero que sirve para darnos una idea de dónde pusieron su fortuna en 2025 estos multimillonarios: Warren Buffet y Bill Gates.
Li Lu zählt zu den eher unbekannten, aber herausragenden Value-Investoren unserer Zeit.Charlie Munger bezeichnete ihn einst als „einen der besten seiner Generation“. Ein Lob, das er nur selten vergab. Doch wer ist Li Lu wirklich?Vom Studierendenführer der Tiananmen-Proteste wurde er zum Gründer von Himalaya Capital Management, einem Investmenthaus, das nach den Prinzipien von Benjamin Graham und Warren Buffett agiert. Sein Fokus: langfristige, konzentrierte und qualitätsorientierte Investments in den USA und China. In diesem Podcast erfährst Du:1. wie Li Lu investiert und worauf er bei Unternehmen achtet2. welche Werte aktuell in seinem Depot die größte Rolle spielen3. warum Charlie Munger ihn so hoch einschätzte4. und was Privatanleger aus seinem Ansatz lernen können Wer Star-Investoren wie Buffett, Dorsey oder Munger kennt, sollte auch Li Lu kennen.Einen Investor, der still im Hintergrund wirkt, aber konsequent nach den Prinzipien des Value Investing handelt. Inhaltsverzeichnis00:00 Intro00:45 Wer ist Li Lu?02:02 Beziehungen zu Charly Manga02:32 Seine Bücher03:01 Investment-Prinzipien05:29 Depot Einblick06:37 Performance vs. S&P 50007:18 Börsen-Kompass Einblick
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
"The falling leaves drift by the window …" as Nat King Cole so brilliantly put it. It is fall after all, and this week we appear to be at maximum color. Such a short time ago the leaves were just coming out, now they are falling. What else could fall? An obvious question! On today's show, we'll discuss a very good article from the recent late summer edition of the CPWA journal called "A Bear Market Survival Kit." Just when you thought it was safe to go outside … here enters the bear, possibly. Given the reality of how high the stock market is, now is a good time to review how to "win the war before the battle is fought." On the other side, Heidi Cartwright will discuss the "Five forces that could stimulate the U.S. economy" and how U.S. economic growth has continuously surprised to the upside. And Nathan will highlight the year-end retirement account planning highlights you'll want to pay attention to and possibly employ for your own best retirement planning by year end of 2025. Can you believe it? Here we are with about nine weeks left in the year. Lastly, Beth will close us out with some great tips to retire by from Warren Buffett along with some interesting factoids to round things out. Let's get crackin! Tune in and take control!
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
The Third Episode of the Series! (Scroll down the earlier ones below).Matt Zeigler and I had the privilege of hosting Robert Hagstrom (The Warren Buffett Way) and Chris Mayer (100 Baggers) for a special 100-Year Thinkers Edition of the Excess Returns Podcast.Two legendary investors and authors. One hour packed with timeless wisdom on long-term thinking and wealth creation. This is the conversation we've been wanting to have—and we think you'll find it as valuable as we did.Available now on Excess Returns Podcast and Talking Billions.
Top 5 Mistakes Wealthy Investors Must Avoid in 2026Start 2026 with the end in mind. If you earn $200k plus or you have a seven figure portfolio, a few avoidable mistakes can cost six or seven figures over a lifetime. In this episode Andrew Nida from Asset Management Group, Inc. breaks down the five mistakes wealthy investors must avoid in 2026 and how to align investments, taxes, and cash flow with the outcomes you actually want.Even high-income earners and retirees often make significant financial errors. This video addresses common mistakes that can cost hundreds of thousands of dollars, emphasizing the importance of effective financial planning. We discuss how coordinating cash flow, taxes, and risk is crucial for sound financial management, especially as tax planning strategies evolve.
Your Nebraska Update headlines for today, Dec. 19, include: President Donald Trump signs executive order directing federal government to expedite rescheduling marijuana, Warren Buffett prepares to wrap up final year as CEO of Berkshire Hathaway, new audit finds Nebraskans use state's online system for Medicaid and economic assistance while phone applicants often face long wait times, University of Nebraska-Lincoln faculty in eliminated programs are given December 2026 deadline to find new roles, Lincoln Airport announces new nonstop flights beginning next summer.
Learn how to use Infinite Banking to build a real estate empire step-by-step. In this full breakdown, we walk through exactly how to start using your policy, how to analyze deals, how to know which opportunities are worth investing in, and when it's the right time to borrow. We also break down real case studies with actual numbers on the whiteboard and reveal the exact frameworks Chris Miles ( @moneyrippleswithchrismiles ) uses to grow his real estate portfolio using Infinite Banking.Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want Us To Review Your Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-reviewGet your tickets to the life insurance summit 2026 - https://thewholelifesummit.com/00:00 - Introduction00:25 - Real Estate Investing01:11 - Tax Write-Offs for Interest01:20 -Who Is Chris Miles?03:07 - New Book and Writing Experience06:05 - The Work Optional Blueprint06:56 - Get Lean07:18 - Get Liquid07:52 - Get Out08:08 - Vetting Investments and the Role of the Operator10:05 - Red Flags in Investments13:44 - Risk vs. Return Philosophy15:15 - Importance of Liquidity and Emergency Funds24:52 - Warren Buffet's Money30:43 - 6% Tax Free36:08 - Investment Flow: Lending Fund43:54 - When Infinite Banking Doesn't Make Sense49:03 - How do People Determine What They Say Yes and No?59:55 - Where Do You Put Their Money?01:03:09 - How You View Your Life Insurance and How You Invest?01:14:37 - Why do You Say Avalanche is the Way of Paying Debt?______________________________________________ Learn More About BetterWealth: https://betterwealth.com====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
Poucos gestores seguem tão de perto os passos de Warren Buffett como Cesar Paiva, da Real Investor. No Café com Investidor, ele explica o seu value investing à brasileira e sua estratégia de ser “seletivamente contrário”
Welcome back to All Things Considered CX. In this episode, host Bob Azman is joined by Chander Sharma, a seasoned global executive, leadership advisor, and author, to unpack the real challenges large organizations face in today's fast-moving business landscape.Drawing from decades of experience across industries and continents, Chander shares powerful insights on how leadership, culture, and organizational clarity shape business transformation and customer experience. The conversation centers on his book, Busyness to Business, and its practical 5P framework—Purpose, Process, People, Practice, and Perspective—a model designed to help leaders cut through noise, eliminate unproductive busyness, and refocus on what truly drives value.Along the way, Bob and Chander explore real-world examples, including the “Amazon effect,” Walmart's turnaround, and leadership lessons from icons like Satya Nadella and Warren Buffett. The discussion is packed with actionable takeaways for executives and customer experience professionals who want to lead with intention, align their teams, and adapt to constant change.You'll also learn about a free benchmarking resource that helps leaders assess how aligned and effective their organizations truly are. If you're looking to elevate your leadership approach and sharpen your customer focus, this is an episode you won't want to miss.
Welcome back to All Things Considered CX. In this episode, host Bob Azman is joined by Chander Sharma, a seasoned global executive, leadership advisor, and author, to unpack the real challenges large organizations face in today's fast-moving business landscape.Drawing from decades of experience across industries and continents, Chander shares powerful insights on how leadership, culture, and organizational clarity shape business transformation and customer experience. The conversation centers on his book, Busyness to Business, and its practical 5P framework—Purpose, Process, People, Practice, and Perspective—a model designed to help leaders cut through noise, eliminate unproductive busyness, and refocus on what truly drives value.Along the way, Bob and Chander explore real-world examples, including the “Amazon effect,” Walmart's turnaround, and leadership lessons from icons like Satya Nadella and Warren Buffett. The discussion is packed with actionable takeaways for executives and customer experience professionals who want to lead with intention, align their teams, and adapt to constant change.You'll also learn about a free benchmarking resource that helps leaders assess how aligned and effective their organizations truly are. If you're looking to elevate your leadership approach and sharpen your customer focus, this is an episode you won't want to miss.
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.
Bill English of Bible and Business and On Path Coaching responds to an article talking of retiring business leader Warren Buffett, calling him a "Zen master." Is this largely secular person really a religious leader? Why the use of this language? He also talks about ethical decision-making. American Bible Society's John Plake helps us dig more into the State of the Bible Report 2025, looking at the issue of trust in the Bible and in people and institutions. He also addresses how Bible engagement impacts generosity. The Reconnect with Carmen and all Faith Radio podcasts are made possible by your support. Give now: Click here
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En el Radar Empresarial de esta jornada ponemos el foco en la designación de Steve Cahillane como nuevo consejero delegado de Kraft Heinz. El directivo tomará el relevo de Carlos Abrams-Rivera, quien permanecerá vinculado a la compañía en calidad de asesor hasta el próximo 6 de marzo. Procedente de Kellanova, Cahillane llega a un grupo inmerso en un proceso complejo, con retos estratégicos y organizativos relevantes, que marcarán el corto y medio plazo del gigante alimentario. Su nombramiento llega en un momento de cambios profundos en el sector, marcado por la presión de los costes, la evolución del consumo y la necesidad de simplificar estructuras corporativas. Su principal misión será liderar la separación de Kraft Heinz en dos negocios independientes, una operación aprobada por el consejo el pasado mes de septiembre. La empresa pasará a estructurarse en una división centrada en salsas y condimentos, con productos emblemáticos como el ketchup Heinz, y otra enfocada en alimentos de consumo diario, entre los que destaca el queso de untar Philadelphia. Con esta división, la dirección busca otorgar mayor agilidad operativa a cada negocio y facilitar decisiones de inversión más claras, adaptadas a mercados y consumidores distintos. Esta reorganización representa un hito delicado en la historia reciente del grupo y también uno de los escasos tropiezos atribuidos a Warren Buffett. El inversor, conocido como el oráculo de Omaha, se asoció en 2013 con el fondo brasileño de capital privado 3G Capital para adquirir Heinz por unos 2.300 millones de dólares, con importantes expectativas de crecimiento global sostenido. Dos años después, aquella apuesta desembocó en la fusión con Kraft, dando lugar a un conglomerado valorado entonces en cerca de 40.000 millones de dólares. El objetivo era reforzar ambas marcas, aprovechando la red internacional de Heinz y ganando mayor poder de negociación en los lineales de los supermercados estadounidenses, una ambición que hoy se revisa con un enfoque más pragmático.
Imagine sitting beside one of the wealthiest minds on the planet and hearing guidance that reframes how you operate forever. Darren Hardy brings forward a story containing a surprising insight from Warren Buffett that may reshape the way you build your personal advantage. Become a RIVETING speaker in every part of your life. Founding Strike⚡️Team Enrollment is EXTREMELY LIMITED, so go now! Details at https://rivetingspeaker.com/ Get more personal mentoring from Darren each day. Go to DarrenDaily at http://darrendaily.com/join to learn more.
Meg and Jessica school each other on Page Six greatness including snippets about the Sutton Place Christmas tree wars, Saul Steinberg's epic 50th birthday bash, Leona Helmsley's bizarre exercise habits, and the most macabre field trip New York had to offer.Please check out our website, follow us on Instagram, on Facebook, and...WRITE US A REVIEW HEREWe'd LOVE to hear from you! Let us know if you have any ideas for stories HEREThank you for listening!Love,Meg and Jessica
Industrial properties were at 80% occupancy and selling at 5 cap rates pre-pandemic. Now, they're over 90% occupied and selling at 8.5% cap rates. With interest rates most likely coming down, this represents a great opportunity to invest in industrial. Warren Buffet says never bet against America, now is a great time to invest in industrial properties. Judd Dunning, President of DWG Capital Partners, is raising a fund to acquire single tenant Sale Lease Backs from profitable companies with strong balance sheets and excellent credit. Conservative asset level underwriting, plus the diversification of a fund make this a safe investment with long-term leases and predictable returns.
Erichsen Geld & Gold, der Podcast für die erfolgreiche Geldanlage
Wer sich ernsthaft mit dem langfristigen Investieren beschäftigt und seine Entscheidungen auf fundiertes Wissen stützen möchte, kommt an den Lehren von Benjamin Graham und Warren Buffett, den klassischen Vertretern des Value Investing, eigentlich nicht vorbei. Doch in vorweihnachtlicher Stimmung möchte ich heute sagen: Genau so funktioniert es nicht mehr – es gibt vermutlich nur noch einen einzigen Weg, um wirklich unentdeckte Rendite-Perlen zu finden. ► Hohe Renditen mit diesen Value-ETFs? Jetzt Report sichern: www.lars-erichsen.de ► Hole dir jetzt deinen Zugang zur brandneuen BuyTheDip App! Jetzt anmelden & downloaden: http://buy-the-dip.de ► An diese E-Mail-Adresse kannst du mir deine Themen-Wünsche senden: podcast@lars-erichsen.de ► Meinen BuyTheDip-Podcast mit Sebastian Hell und Timo Baudzus findet ihr hier: https://buythedip.podigee.io ► Schau Dir hier die neue Aktion der Rendite-Spezialisten an: https://www.rendite-spezialisten.de/aktion Viel Freude beim Anhören. Über eine Bewertung und einen Kommentar freue ich mich sehr. Jede Bewertung ist wichtig. Denn sie hilft dabei, den Podcast bekannter zu machen. Damit noch mehr Menschen verstehen, wie sie ihr Geld mit Rendite anlegen können. ► Mein YouTube-Kanal: http://youtube.com/ErichsenGeld ► Folge meinem LinkedIn-Account: https://www.linkedin.com/in/erichsenlars/ ► Folge mir bei Facebook: https://www.facebook.com/ErichsenGeld/ ► Folge meinem Instagram-Account: https://www.instagram.com/erichsenlars Die verwendete Musik wurde unter www.soundtaxi.net lizenziert. Ein wichtiger abschließender Hinweis: Aus rechtlichen Gründen darf ich keine individuelle Einzelberatung geben. Meine geäußerte Meinung stellt keinerlei Aufforderung zum Handeln dar. Sie ist keine Aufforderung zum Kauf oder Verkauf von Wertpapieren. Zum Zeitpunkt der Erstellung dieses Beitrags, lagen bei dem Autor, Lars Erichsen, keine Interessenskonflikte vor. Geplante Änderungen: Keine. Weitere Informationen entnehmen Sie bitte unserem Transparenzhinweis zum Umgang mit Interessenskonflikten: https://www.lars-erichsen.de/transparenz-und-rechtshinweis
In this episode, Brandon and James recap the market as we head toward the end of the year and discuss overall investor sentiment going into 2026. They break down what the S&P 500 has done over the past year, explain the idea behind the Santa Claus rally, and talk about what to realistically expect from the market and the economy next year.The conversation also covers tariffs and why their impact often shows up months after the initial shock, how the threat of tariffs can be used as a negotiating tool, and what recent market behavior may be telling us.They dive into the ongoing debate around the AI bubble, Michael Burry closing his firm and betting against companies like Nvidia and Palantir, and what Warren Buffett's large cash position at Berkshire Hathaway is actually meant for.Finally, they emphasize why boring investment plans and dollar cost averaging tend to work over time, discuss how AI is likely to integrate into nearly every business, and wrap up with three stocks James is watching for 2026: CrowdStrike, Lumen, and Nebius.
It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.
Who makes a self-destructing phone? Find out on this week's PlayingFTSE Show!There's nothing good to report from the Ashes, so the Steves are sticking to the stock market this week. Unfortunately, there's nothing good to report there, either…Todd Combs isn't going to be Warren Buffett's long-term replacement. He's leaving for a job at J.P. Morgan, but should Berkshire Hathaway shareholders be worried?Steve W takes a look at what Todd has done, hasn't done, and might or might not have done to figure this one out. And Steve D has an idea of who might be a good replacement…Stride is a new stock for the show, but in a familiar industry. It's involved in online learning and – like another name in the sector – it's down 54% this year.Steve D thinks there's a lot of potential, though. Looking past an operational mishap this year, the firm's courses come with real accreditations, which might be hard to emulate…Adobe shares are up following the company's latest earnings report – but only just. And despite 10% revenue growth, the stock is still well down over the last 12 months.Strong uptake of AI products is keeping growth strong for the time being. But is this sustainable – and does it make the stock a buy at a price-to-earnings (P/E) ratio of 21?Steve D has been having another look at Synopsys. It's been a while since we talked about this one, but software for semiconductors has been running very strong recently. The stock is expensive, but not outrageously so and it's in a duopoly where both firms manage 80% gross margins. Add in an acquisition and its starts getting interesting…Only on this week's PlayingFTSE Podcast!► Get a free fractional share!This show is sponsored by Trading 212! To get free fractional shares worth up to 100 EUR / GBP, you can open an account with Trading 212 through this link https://www.trading212.com/Jdsfj/FTSE. Terms apply.When investing, your capital is at risk and you may get back less than invested.Past performance doesn't guarantee future results.► Get 15% OFF Fiscal.ai:Huge thanks to our sponsor, Fiscal.ai, the best investing toolkit we've discovered! Get 15% off your subscription with code below and unlock powerful tools to analyze stocks, discover hidden gems, and build income streams. Check them out at Fiscal.ai!https://fiscal.ai/?via=steve► Follow Us On Substack:Sign up for our Substack and get light-hearted, info-packed discussions on everything from market trends and investing psychology to deep dives into different asset classes. We'll analyze what makes the best investors tick and share insights that challenge your thinking while keeping things engaging.Don't miss out! Sign up today and start your journey with us.https://playingftse.substack.com/► Support the show:Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse(All proceeds reinvested into the show and not to coffee!)► Timestamps:0:00 INTRO & OUR WEEKS7:03 TODD'S TODDLING OFF21:37 STRIDE42:33 ADOBE56:24 SYNOPSYS► Show Notes:What's been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that's accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy► Wanna get in contact?Got a question for us? Drop it in the comments below or reach out to us on Instagram: https://www.instagram.com/playing_ftse/► Enquiries: Please email - playingftsepodcast@gmail(dot)com► Disclaimer: This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.
People often ask what I'm actually building with AI all day. In this episode, I break down the 6 active projects I'm coding right now to automate my work and save money:The QuickBooks Killer: Replacing a $30/month subscription with a custom Python & Plaid script for automated tax reporting.Content Agent: Automatically converting podcast audio into a written Substack newsletter.Voice-First Trading Journal: A system to log trading results and tax liabilities verbally into a secure database.Global Earnings Tracker: Monitoring earnings revisions across US and global markets.The Buffett Scan: An automated scanner finding stocks that meet Warren Buffett's investing criteria.Yutori Scouts: Using a new navigator API to dig up better market intel than Google News.
It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.
It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.
Episode Summary In episode 325 of Business Coaching Secrets, Karl Bryan and Rode Dog dive deep into the realities facing business owners, coaches, parents, and young entrepreneurs today. The hosts tackle trending topics—like the proposed $1,000 investment for newborns, excessive phone use, and the evolving American Dream—while weaving in actionable mindset and business strategies sure to benefit ambitious coaches and their clients. The conversation is raw, insightful, and packed with real-world examples on how to thrive in uncertainty, guide kids toward success, and manage the inevitable anxiety that comes with ambition. Trump's $1,000 S&P Investment Proposal for Newborns Rode Dog asks about Donald Trump's idea of gifting $1,000 to babies born after July 4th to be invested in the S&P 500. Karl Bryan discusses the pros, potential loopholes, and the importance of teaching kids about investing early. Excessive Phone Use and Its Impact Deep dive into why entrepreneurs and their clients are sucked into their phones, driven by cortisol (stress hormone) rather than dopamine. Karl Bryan offers tactics and fresh insights for business owners to control digital addiction—both for themselves and their kids. Guiding Young Entrepreneurs & Kids Amid a Shifting American Dream The hosts address the growing difficulty for young people to buy homes, launch businesses, and build wealth. Karl Bryan shares candid guidance on how to coach young clients and kids to thrive despite economic headwinds, focusing on building temperament rather than seeking an easy life. Anxiety as the Price of Ambition Rode Dog pushes Karl Bryan to expand on last week's comment about "anxiety being the price of ambition." The discussion explores practical ways to manage pressure and use it as fuel, rather than letting it become a hurdle. Compounding Success in Business and Life Why slow, steady progress trumps quick wins or constant movement. Karl Bryan lays out specific strategies for compounding business results via relentless fundamentals and clear client accountability. Notable Quotes "The end of the day, teaching children to invest and the mechanism to do so is amazing on the surface in my opinion." — Karl Bryan "Comparison is the thief of joy. And that phone you're holding right now is a comparison machine." — Karl Bryan "You're not looking to optimize for happiness. You're looking to optimize for peace." — Karl Bryan "If you've got a high tolerance for uncomfortable situations, I think you're leading yourself towards a big life... Not drive for an easy life, drive to allow nothing to faze you." — Karl Bryan "Anxiety is the price of ambition. Write that one down if you're ambitious. So be gentle with yourself. Be gentle." — Karl Bryan Actionable Takeaways Coach Phone Use with Clients Encourage clients to track their screen time, ease off gradually instead of quitting cold turkey, and use fundamental well-being tactics (exercise, sleep, sunlight, hydration) to curb addiction. Teach Ownership & Asset-Building Guide young people and business owners to continually invest in real estate, stocks, and businesses; dollar cost average and automate investments to build true wealth. Embrace Struggle and Uncomfortable Situations Frame discomfort as a catalyst for growth—for clients and your own kids. Temperament beats brilliance. Focus on Fundamentals Over Excitement Dig into the boring, profit-rich niches (plumbers, landscapers, logistics, car wash businesses), and master essential business fundamentals: upsell, down-sell, cross-sell, proper onboarding, and cost control. Structure Accountability and Connection Track real-life social interaction, structure onboarding with clear values, and hold clients to high accountability for long-term results. Turn Pressure into Privilege Remind clients and yourself that pressure is a privilege—use it to fuel achievement, not to trigger burnout. Resources Mentioned Profit Acceleration Software™ (developed by Karl Bryan) Focused.com for more on building and scaling a coaching business The Six-Figure Coach Magazine – free subscription: https://thesixfigurecoach.com/get-it Networking groups like BNI, chambers of commerce Book/Reference: Principles from Warren Buffett, Tony Robbins, Ray Dalio on asset ownership and risk AI Tools for meeting notes (such as Fathom AI—discussed in other episodes) For a hands-on demo and to see how compounding growth multiplies profits: https://go.focused.com/profit-acceleration If you enjoyed this episode, subscribe, share with fellow coaches, and leave us a review. Your support helps us reach and empower more business coaches every week!
It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JP Morgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.
What if the hardest years of your life turned out to be the ones that made you unstoppable? In this episode of The Game Changing Attorney Podcast, Michael and Jessica Mogill break down why your greatest advantage is not your wins but the wisdom you have gained along the way. Drawing on Warren Buffett's final shareholder letter, he explains how reflection, long-term thinking, and the ability to navigate uncertainty shape the leaders who endure. Whether this year felt like a breakthrough or a struggle, you will see why your future can still be greater than your past. Here's what you'll learn: Why your setbacks, mistakes, and “learning years” compound into your most valuable advantage How to think beyond the next month or quarter and make decisions that hold up years from now What it takes to stop punishing your past self, extract the lesson, and move forward with clarity If you're ready to enter the next year wiser, stronger, and more intentional, this episode shows you how. ---- 02:08 — The lesson from Warren Buffett's final shareholder letter and its relevance for long-term thinkers. 04:51 — Understanding the difference between a winning year and a learning year. 05:06 — How shifting from short-term decisions to five- and ten-year thinking changes your outcomes. 06:45 — The Navy SEAL “no finish line” analogy and why uncertainty shapes the strongest leaders. 08:10 — Why you must stop punishing your past self and evaluate decisions based on the information you had at the time. 10:13 — The real timeline of results and why growth depends on your starting point and expectations. 15:33 — How to know when your firm is truly ready to scale and why waiting to feel “ready” keeps you stuck. 20:23 — Making tough personnel decisions and why keeping the wrong people holds your entire team back. ---- Links & Resources: Warren Buffett Warren Buffett's Final Letter to Shareholders ---- Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O'Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: 412. Why Doing Hard Things Is the Ultimate Advantage with Joe De Sena 383. AMMA — Why Comfort Will Quietly Destroy Your Law Firm 370. Why Playing It Safe Is Killing Your Growth with Verne Harnish
No episódio especial 312 de Stock Pickers, Lucas Collazo recebe Ruy Alves, sócio e gestor da Kinea, para uma conversa que é praticamente uma ópera macroeconômica: com direito a Guerra de Tróia, Grande Gatsby, China imperial e até os palcos da Broadway e do West End.Conhecido por analogias afiadas e uma leitura do cenário macro “fora da caixinha”, Ruy faz um diagnóstico contundente: 2026 será marcado por uma grande Guerra de Tróia. Entre FED, inflação global, reprecificação de juros e disputas políticas (especialmente no Brasil), ele explica por que o investidor precisará combinar estratégia, disciplina e a mesma capacidade de reinvenção que tornou Warren Buffett uma lenda.Este episódio é especial e faz parte da programação do Onde Investir 2026, evento especial do InfoMoney que ensina, prepara e atualiza quem deseja começar o ano novo tomando melhores e mais lucrativas decisões de investimentos.Acesse e confira todas as oportunidades: https://lps.infomoney.com.br/onde-investir-2026-inscricao/?utm_source=infomoney&utm_medium=banner&utm_campaign=oi26&utm_term=billboard-premium&utm_content=subhome
“People are just uncertain” about the market's long-term trajectory, argues Patrick Mueller, and they feel things are too overweighted in the tech sector. However, he thinks we have more “road to go” in the rise of that sector before a pullback. Patrick notes that consumer debts are hitting all-time highs, forcing people with lower mortgages to refinance into higher rates just to deal with their financial situations. He thinks that lower rates will hopefully help with this. He follows Warren Buffet and likes JPMorgan Chase (JPM).======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
Warren Buffett, de 95-jarige beleggerslegende, stopt ermee. Economieredacteur Egbert Kalse laat zien hoe één man decennialang uitzonderlijke rendementen wist te behalen en daarmee de beleggingswereld steeds weer op zijn kop zette. Hoe kreeg Buffett dat voor elkaar?Gast: Egbert KalsePresentatie: Bram Endedijk Redactie: Ilse EshuisMontage: Gal Tsadok-HaiEindredactie: Tessa ColenCoördinatie: Belle BraakhekkeProductie: Rhea StroinkHeb je vragen, suggesties of ideeën over onze journalistiek? Mail dan naar onze redactie via podcast@nrc.nl.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.
We are Green-lighting! Announcing the participants for the CTP Cup 2025 (2) Lots of execs moving around all of a sudden A Chocolate Craze PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Interactive Brokers Warm-Up - Announcing the participants for the CTP Cup 2025 (2) - Lots of execs moving around all of a sudden - Chocolate Craze Markets - NVDA gets the greenlight - Waiting for the ECO - ALL eyes...... Wednesday at 2pm - Oil Dropping - Gas Prices Dropping slightly - Just saw $2.59 for regular unleaded down here - Double edged sword - oil prices dropping is sign of eco slowdown... Nothing to be excited about just yet.... Inflation - PCE comes in a little lighter than expected - However, let us be clear that inflation is not lower and prices grossly above where we were a couple of years ago - Inflation still running at around 3% overall - Fed set to greenlight the rate cut Oil and Gas - Oil has been dropping - reports that use will slow over the next year - Gas Prices Dropping slightly - Just saw $2.59 for regular unleaded down here - Double edged sword - oil prices dropping is sign of eco slowdown... Nothing to be excited about just yet.... Jobs - Reports show that U.S. employers have announced over 1.1 million job cuts in 2025 (as of early December), marking the highest level since the pandemic's start in 2020. - This has been driven by tech integration (AI), economic shifts, and soft consumer spending, with sectors like government, tech, retail, and warehousing leading. Greenlight - No security problems here - Seeking a compromise over controlling exports to China, the US Department of Commerce will soon allow the export of powerful Nvidia GPUs that are roughly 18 months behind its most advanced offerings, according to a person with knowledge of the plan. - The move, which would send Nvidia H200s to China, seeks to find a middle ground between those who oppose exports of any advanced AI chips and those who worry that restrictions will merely hand the market to Chinese competitors. - It also aims to satisfy the Chinese government, which has blocked imports of less powerful chips, such as Nvidia's H20. - This can be gamed ..... - OHHHH - and USA to get 25% of the sales ???? China Not With Program - China is buying soybeans again, but short of President Trump's target, according to CNBC - Really think this is a big game and will not resolve anytime soon - China still holds the cards ECO Data Starting to Flow Again - BLS to publish October PPI data with the November PPI news release on January 14, 2026 - Unemployment report released Dec 16th - This week is a little slow but next week (Dec 15-19) kick it up hard - - - Dec 19 Income and Spending , PCE report, Housing starts, Retail Sales, CPI (Nov), Leading Indicators, Philly Fed, UMich Sentiment Apple Turnover - Not the pastry - In just the past week, Apple's heads of artificial intelligence and interface design stepped down. - Then the company announced that its general counsel and head of governmental affairs were leaving as well. - All four executives have reported directly to Chief Executive Officer Tim Cook Berkshire Too - Todd Combs, one of Warren Buffett's investing lieutenants and the CEO of GEICO, is departing Berkshire Hathaway and joining JPMorgan Chase in a new role as part of a major shake-up involving both firms. - Combs is leaving Berkshire Hathaway and his role leading GEICO to run the bank's new investment group as part of its wider "security and resilience" initiative announced in October. AI Frames - Warby Parker and Google announced that the first lightweight, AI glasses developed through their partnership are expected to launch in 2026 - What will be different about these? All others have seemed to failed miserably. Mergers - Maybe - Netflix announced Friday it's reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets. - The transaction is comprised of cash and stock and is valued at $27.75 per WBD share - Others are offering $30 CASH per share - President Trump has put in his comments that he thinks it may be a tough one to clear - $2.8B breakup fee if Warner Brothers pulls out and $5.8B reverse break up fee if the deal is not approved. Oracle Earnings - Wednesday after the bell - This is the poster child for the vendor and circular financing - Stock was the darling for a minute a few months ago - Written: "The stock has fallen roughly 32-40% from its September 10 peak, erasing its "Nvidia moment" rally and turning Oracle into the primary vehicle for expressing skepticism about the AI build-out and OpenAI's economics." - Briefing analyst Forgot this... - What happened to the Tik Tok deal and the China bad discussion? --- History.... - Negotiations happened between ByteDance, Oracle, and Walmart back in 2020, and later discussions continued under “Project Texas” for U.S. data security. - The proposed structure (Oracle as tech partner, U.S. investors taking a stake) was announced but never finalized into a binding acquisition or spin-off. - Instead, TikTok remained under ByteDance ownership, while implementing U.S. data storage and security measures through Oracle. - The U.S. government extended deadlines multiple times, but no sale or transfer of ownership occurred. - China wins again! So much winning! Private Credit - Private markets investing startup Yieldstreet, now calling itself Willow Wealth, recently informed customers of new defaults on real estate projects in Houston and Nashville, Tennessee. The letters, obtained and verified by CNBC, account for about $41 million in new losses. - They come on the heels of $89 million in marine loan wipeouts disclosed in September and $78 million in losses previously reported by CNBC. - Willow Wealth also removed a decade of historical performance data from public view in recent weeks. - Total losses? $208 million Pistachios - Dubai Craze - Milk chocolate shell filled with: - Pistachio cream (often blended with tahini for a nutty, slightly savory note) - Kadayif (shredded phyllo pastry) for crunch - Created in 2021, went viral in 2023 via the SOCH - United States, Iran, and Turkey the biggest producers of pistachios - Argentina betting on it to continue - adding to their farmland to cover the demand - Dubai Chocolate Bar (the viral pistachio-knafeh chocolate) generated over $50–$60 million in global sales for the year. IndiGo - In November, new Flight Duty Time Limitation (FDTL) rules increased pilot rest periods. - IndiGo failed to adjust crew rosters, causing a severe pilot shortage during peak travel season. - 1000s of flights cancelled - IndiGo apologized and implemented measures like processing refunds, arranging transport/hotels for stranded passengers, and strengthening customer support. - As of this week - still having major problems - stock don 20% from its high on this news (not traded in USA) Grok Report - Using Grok as Copilot is getting a little weird....ChatGPT a little slow - Photo to video clip - pretty cool - Image generation - FAST! - Can have full on conversations and even companions.....(?) - More racy than other Ai (as is to be expected) Age 18+ options - Interesting nd impressive thus far. OMG - Brown Nosing - Stellantis said it will bring an all-electric small “car” called the Fiat Topolino to the U.S. - The Topolino is actually categorized as “an all-electric quadricycle” rather than a car, according to Stellantis and has a top speed of roughly 28 miles per hour. - Fiat's announcement comes less than a week after President Donald Trump praised small “Kei” cars from Japan and expressed interest in bringing tiny cars to the U.S. Love the Show? Then how about a Donation? The Winner for iShares Bitcoin Trust ETF (IBIT) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt! CTP CUP 2025 Participants: Jim Beaver Mike Kazmierczak Joe Metzger Ken Degel David Martin Dean Wormell Neil Larion Mary Lou Schwarzer Eric Harvey (2024 Winner) FED AND CRYPTO LIMERICKS See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
Andy, Noah, and Corey dive into the power of dividend investing — one of the most reliable paths to long-term wealth. They explain why Warren Buffett's success with Coca-Cola is a masterclass in patience and compounding returns, and outline what separates dividend kings, aristocrats, and champions. The team also discusses how to spot value traps, evaluate payout ratios, and find stocks that offer both growth and stability. Plus, they share practical ways to enhance returns using technical analysis and options. What You'll Learn in This Episode - The difference between dividend kings, aristocrats, and champions - Why payout ratios matter for sustainable income - How to avoid value traps and identify healthy yields - Tips for finding quality stocks "on sale" - How to boost dividend returns with technical analysis and options Action Items - Explore free resources at cashflowbonus.com - Review three stocks' 52-week highs and lows to gauge volatility
Die Krypto Show - Blockchain, Bitcoin und Kryptowährungen klar und einfach erklärt
Warren Buffett nennt Bitcoin wertlos und reine Spekulation. In diesem Video schauen wir uns an, was Wert wirklich bedeutet, warum Bitcoin keinen echten Nutzen hat und wieso genau das seinen größten Reiz ausmacht. Am Ende geht es um die Frage, wie man diesen Spekulationscharakter strategisch nutzen kann. Wertformel Buch: https://bit.ly/wertformel_JH —— Folge mir für ehrliche Finanz-Einblicke! Montag bis Freitag: Dein persönliches Finanz-Audio. Kompakt, klar und mit den wichtigsten Marktinfos für deinen Vorsprung:
Ogilvy Vice Chairman Rory Sutherland reveals the formula for persuasion, why people make decisions and how you can use psychology to your advantage. Rory is the world's leading advertising strategist. He spent almost four decades as Ogilvy studying why people behave the way they do and how to change that behavior. He explains why contrast drives choices and efficiency often destroys value, and how trust, friction, and design shape real-world behavior. +Rory was previously on the show, check out episode 19. ----- Approximate Chapters: (00:00) Introduction (01:31) AI and Decision Making (03:48) Are We Looking for Efficiency in the Wrong Place? (15:52) Ad Break (18:09) Ice Cold Beer Thought Experiment (19:56) Trust and Manipulation (27:15) Dyson Customer Experience and 'Brand Quake' (29:21) Customer Value Thinking (34:28) Why Is Dyson So Effective at Marketing? (36:28) Ad Break (38:51) Map/Territory Problem in Business (39:27) The Problem with Shareholders (42:29) The Problem with 'Tech Bro' Decision Making (45:14) Warren Buffett's Approach to Choosing Management (47:52) John Bragg's Approach to Buying Infrastructure (51:23) High Trust vs Low Trust Societies (58:45) What Can We Learn from the Mad Men Era of Marketing (1:03:59) The Danger of Bad Marketing (1:17:47) Navigating Cancel Culture with Common Sense (1:29:59) Signalling to Ourselves When We Purchase Something (1:39:06) Changing of Societal Norms (1:43:27) How to Write Good Copy (1:56:30) What Is Success for You? ----- Upgrade: Get a hand edited transcripts and ad free experiences along with my thoughts and reflections at the end of every conversation. Learn more @ fs.blog/membership------Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at fs.blog/newsletter------ Follow Shane Parrish:X: https://x.com/shaneparrish Insta: https://www.instagram.com/farnamstreet/ LinkedIn: https://www.linkedin.com/in/shane-parrish-050a2183/ ------ Thank you to the sponsors for this episode: Basecamp: Stop struggling, start making progress. Get somewhere with Basecamp. Sign up free at http://basecamp.com/knowledgeproject reMarkable: Get your paper tablet at https://www.reMarkable.com today .tech domains: Nothing says tech like being on .tech https://get.tech/ Shopify: https://shopify.com/knowledgeproject Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of The TechEd Podcast, host Matt Kirchner sits down with Irv Blumkin, Chairman of Nebraska Furniture Mart (NFM), and Ryan Blumkin, Executive Vice President, to unpack nearly 90 years of retail innovation, from Mrs. B's pawn-shop beginnings to multi-acre campuses in Omaha, Kansas City, Dallas, and soon Austin. They explore what it's like to partner with Warren Buffett and Berkshire Hathaway, build massive destination developments, and still obsess over every single SKU and customer interaction. From dynamic pricing and AI-enabled operations to a mind-blowing learning trip through China's retail and technology ecosystem, Irv and Ryan share how NFM is using data, automation, and emerging tech to deepen their moat, without ever losing sight of values, culture, and long-term thinking. They also talk careers in retail tech, why young “outside-the-box” thinkers matter, and the role of lifelong learning in leading through disruption. Listen to learn:Why Warren Buffett bought Nebraska Furniture Mart on a handshake, and what Irv has learned from decades of dinners and deal-making with himWhy strong values and culture matter more than ever in this tech-driven marketplaceHow NFM uses massive-store footprints, destination partners like Scheels, and even hotel/convention centers to turn shopping into an experienceHow dynamic pricing, digital shelf tags, and nightly web crawls of 70,000+ SKUs keep NFM competitive with Amazon, Costco, Wayfair, and othersWhat Irv and Ryan saw in China's tech companies and how those lessons are shaping NFM's future3 Big Takeaways from this Episode:1. Timeless values can scale into a $2 billion business. Mrs. B's simple principles (sell at a great price, tell the truth, and pay your bills) still anchor NFM's strategy, even as the company builds 1.8 million-square-foot campuses and expands into new markets like Austin. Irv connects those values directly to long-term growth, customer trust, and the family's partnership with Berkshire Hathaway. 2. Technology is now core infrastructure, not an add-on. NFM's nightly web crawling, digital price tags, and dynamic pricing systems automatically position them as the best value against online competitors, while complex distribution networks and emerging AI tools optimize inventory and logistics. Ryan frames this as building a “moat” with data, automation, and relentless operational excellence, not just more advertising. 3. Lifelong learning is mandatory for modern leadership. Irv has invested in executive education for decades, and both he and Ryan describe their China trip as “eye opening” in terms of speed, scrappiness, AI adoption, and asset-light business models. They're already translating those lessons into new e-commerce strategies, warehouse automation concepts, and AI-enabled process improvements back at NFM. Resources in this Episode:Learn more about Nebraska Furniture MartOther resources mentioned:Six Days in China: The Speed, Scale and Innovation Outpacing the U.S. - Podcast episode with Todd WanekMORE LINKS & RESOURCES ON THE EPISODE PAGE: https://techWe want to hear from you! Send us a text.Instagram - Facebook - YouTube - TikTok - Twitter - LinkedIn
Episode 570 of the Sports Media Podcast with Richard Deitsch features Troy Aikman, the lead analyst for ESPN's coverage of Monday Night Football. In this podcast, Aikman discusses where his enjoyment level for the job stands after three decades in the booth; how he accesses ESPN's culture versus Fox's; how he defines honesty in sports broadcasting — and particularly as it relates to officiating calls; why he won't be in the job at age 70; ESPN's upcoming Super Bowl on February 14, 2027; who he talks to for honest feedback on his work; his thoughts on Lane Kiffin and NIL; the Eagles-Chargers and the AFC's unpredictable year; why he'd love to meet Warren Buffett and more. You can subscribe to this podcast on Apple Podcasts, Spotify, and more. 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
Plus: Several Berkshire Hathaway executives are departing as Warren Buffett's retirement approaches. And the Trump administration plans to announce a $12 billion bailout for American farmers. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sitting National Economic Council Director Kevin Hassett is shortlisted to be the next chair of the Federal Reserve. Director Hassett weighs in on monetary policy–despite not being in the role quite yet. As the media world digests Netflix's winning bid for Warner Brothers Discovery's film and streaming assets. Former MTV president Michael Wolf explains Netflix's position in the industry and the battle for eyeballs. Plus, Elon Musk is firing back at the European Union after the bloc fined X $140m, and changes are afoot at Berkshire Hathaway just as Warren Buffett readies to hand the CEO reins to his successor Greg Abel. Kevin Hassett - 20:47Michael Wolf - 39:27 In this episode:Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie 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.
(0:00) Intro(1:21) About the podcast sponsor: The American College of Governance Counsel(2:08) Start of interview(2:36) Michelle's origin story(4:33) The Origins of Footnoted (started in 2003)(6:36) Understanding SEC Filings and Disclosures(7:20) The "Friday Night Dump"(9:34) The State of Public vs. Private Markets(12:40) The Rise of Private Markets and Challenges of Public Markets(18:43) Red Flags in SEC Filings(22:03) The Evolution of Executive Compensation and Elon Musk's Comp(28:53) Egregious Corporate Governance examples: Sketchers.(30:08) The problem of Related Party Transactions.(31:37) Independence and Compensation of Board Members (32:36) Quote of Charlie Munger and Warren Buffett on this topic(36:33) Are we in a AI bubble? Similarities with Enron/Worldcom era? (40:18) Reference to my article on AI washing(41:43) The Importance of SEC Changes (only 3 commissioners from a single party)(43:22) The Role of Markets in Everyday Life(47:45) Books that have greatly influenced her life:The Jungle by Upton Sinclair (1906)Germinal by Émile Zola (1885)Crying in H Mart by Michelle Zauner (2021)(48:20) Her mentors: Nell Minow, Diana Henriques, and Thornton O'Glove.(49:19) Quotes that she thinks of often or lives her life by: "Don't Postpone Joy"(50:52) An unusual habit or an absurd thing that she loves. Michelle Leder is the founder and editor-in-chief of footnoted.com, a source for uncovering important information hidden deep in SEC filings. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Edwin Chen is the founder and CEO of Surge AI, the company that teaches AI what's good vs. what's bad, powering frontier labs with elite data, environments, and evaluations. Surge surpassed $1 billion in revenue with under 100 employees last year, completely bootstrapped—the fastest company in history to reach this milestone. Before founding Surge, Edwin was a research scientist at Google, Facebook, and Twitter and studied mathematics, computer science, and linguistics at MIT.We discuss:1. How Surge reached over $1 billion in revenue with fewer than 100 people by obsessing over quality2. The story behind how Claude Code got so good at coding and writing3. The problems with AI benchmarks and why they're pushing AI in the wrong direction4. How RL environments are the next frontier in AI training5. Why Edwin believes we're still a decade away from AGI6. Why taste and human judgment shape which AI models become industry leaders7. His contrarian approach to company building that rejects Silicon Valley's “pivot and blitzscale” playbook8. How AI models will become increasingly differentiated based on the values of the companies building them—Brought to you by:Vanta—Automate compliance. Simplify security.WorkOS—Modern identity platform for B2B SaaS, free up to 1 million MAUsCoda—The all-in-one collaborative workspace—Transcript: https://www.lennysnewsletter.com/p/surge-ai-edwin-chen—My biggest takeaways (for paid newsletter subscribers): https://www.lennysnewsletter.com/i/180055059/my-biggest-takeaways-from-this-conversation—Where to find Edwin Chen:• X: https://x.com/echen• LinkedIn: https://www.linkedin.com/in/edwinzchen• Surge's blog: https://surgehq.ai/blog—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Introduction to Edwin Chen(04:48) AI's role in business efficiency(07:08) Building a contrarian company(08:55) An explanation of what Surge AI does(09:36) The importance of high-quality data(13:31) How Claude Code has stayed ahead(17:37) Edwin's skepticism toward benchmarks(21:54) AGI timelines and industry trends(28:33) The Silicon Valley machine(33:07) Reinforcement learning and future AI training(39:37) Understanding model trajectories(41:11) How models have advanced and will continue to advance(42:55) Adapting to industry needs(44:39) Surge's research approach(48:07) Predictions for the next few years in AI(50:43) What's underhyped and overhyped in AI(52:55) The story of founding Surge AI(01:02:18) Lightning round and final thoughts—Referenced:• Surge: https://surgehq.ai• Surge's product page: https://surgehq.ai/products• Claude Code: https://www.claude.com/product/claude-code• Gemini 3: https://aistudio.google.com/models/gemini-3• Sora: https://openai.com/sora• Terrence Rohan on LinkedIn: https://www.linkedin.com/in/terrencerohan• Richard Sutton—Father of RL thinks LLMs are a dead end: https://www.dwarkesh.com/p/richard-sutton• The Bitter Lesson: http://www.incompleteideas.net/IncIdeas/BitterLesson.html• Reinforcement learning: https://en.wikipedia.org/wiki/Reinforcement_learning• Grok: https://grok.com• Warren Buffett on X: https://x.com/WarrenBuffett• OpenAI's CPO on how AI changes must-have skills, moats, coding, startup playbooks, more | Kevin Weil (CPO at OpenAI, ex-Instagram, Twitter): https://www.lennysnewsletter.com/p/kevin-weil-open-ai• Anthropic's CPO on what comes next | Mike Krieger (co-founder of Instagram): https://www.lennysnewsletter.com/p/anthropics-cpo-heres-what-comes-next• Brian Armstrong on LinkedIn: https://www.linkedin.com/in/barmstrong• Interstellar on Prime Video: https://www.amazon.com/Interstellar-Matthew-McConaughey/dp/B00TU9UFTS• Arrival on Prime Video: https://www.amazon.com/Arrival-Amy-Adams/dp/B01M2C4NP8• Travelers on Netflix: https://www.netflix.com/title/80105699• Waymo: https://waymo.com• Soda versus pop: https://flowingdata.com/2012/07/09/soda-versus-pop-on-twitter—Recommended books:• Stories of Your Life and Others: https://www.amazon.com/Stories-Your-Life-Others-Chiang/dp/1101972122• The Myth of Sisyphus: https://www.amazon.com/Myth-Sisyphus-Vintage-International/dp/0525564454• Le Ton Beau de Marot: In Praise of the Music of Language: https://www.amazon.com/dp/0465086454• Gödel, Escher, Bach: An Eternal Golden Braid: https://www.amazon.com/G%C3%B6del-Escher-Bach-Eternal-Golden/dp/0465026567—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. To hear more, visit www.lennysnewsletter.com
Here's something nobody tells you: knowing how to make money is easy compared to knowing how to spend it well. Morgan Housel, bestselling author and one of the sharpest minds in personal finance, is back in the basement with Joe Saul-Sehy, OG, and Neighbor Doug to tackle the question most financial advice completely ignores: why do we spend the way we do, and how can we get better at it? This isn't about budgeting apps or cutting lattes. It's about understanding the psychology underneath every swipe of your card. Morgan shares stories from his early days working valet for the ultra-wealthy—the spending patterns he observed, the misery he witnessed, and the lessons that changed how he thinks about money forever. Turns out, having more money doesn't automatically make you better at spending it. In fact, it often makes you worse. The conversation digs into what actually creates happiness (spoiler: it's not more stuff), why contentment matters more than your net worth, and how true financial independence isn't about the size of your portfolio—it's about the freedom to make choices that align with your actual values. Morgan also breaks down what Warren Buffett's retirement announcement reveals about staying grounded while building wealth, and why comedians might understand money better than most economists. Plus: Doug takes a trivia detour to a surprisingly risqué national park (because of course), and the crew wraps with binge-worthy recommendations for your next couch night. If you're tired of chasing more and ready to figure out what enough actually looks like, this episode is required listening. What You'll Walk Away With: • Why spending money well is a psychological skill, not a math problem—and how to develop it • What Morgan learned about wealth and misery from parking cars for millionaires in their driveways • The hidden drivers behind your financial decisions (and how to spot them before they derail you) • Why contentment—not consumption—is the real key to long-term happiness • What true financial independence actually means (hint: it's not a number in your bank account) • How Warren Buffett's approach to retirement reveals timeless principles about money and legacy • Simple guiding principles to help you spend smarter and live calmer This Episode Is For You If: • You've hit financial goals but still don't feel satisfied • You're tired of spending money on things that don't actually make you happier • You want to understand why you make the money decisions you do (even the questionable ones) • You're curious what actually separates people who enjoy their money from people who just have it • You believe there's more to financial success than just accumulating more Before You Hit Play, Think About This: What's one purchase you made that brought way more joy than its price tag would suggest—and can you figure out why? That's the kind of spending Morgan's talking about. Drop your answer in the comments—the basement wants to hear what actually brought you happiness. FULL SHOW NOTES: https://www.stackingbenjamins.com/the-art-of-spending-money-with-morgan-housel-1769/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
The 2nd biggest day of the year for cannabis? Thanksgiving Eve… California Sober has led to “Green Wednesday”Wicked 2 had a huge opening… for the same reason Toy Story did 30 years ago: The PG Economy.Warren Buffett wrote his final Thanksgiving Letter… So we ripped open the envelope for you.Nick & Jack give thanks… and we got Zuck, Jensen, & Timmy Cook to too (but it got weird).Buy your TBOY Yeti Doll holiday gift here: https://tboypod.com/shop$GOOG $AAPL $BRK.A $DIS $WBDNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.