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Happy Friday Edition of the Program!! Beau has receipts!! High Bank continues to be the best!! CFB continues to head towards an NFL model. We'll catch you up on the PGA Championship and Scottie Scheffler isn't happy. Charles Woodson is set to become a minority owner of the Browns. It got us thinking about the coolest Ohioans of all time. Caleb Williams was thinking of going to the UFL instead of playing for the Bears. Beau has had enough of the Bill Belichick story. Kirby Smart is looking for a certain type of player. Tim May, Doug Lesmeries, What's Up, Thing or Not a Thing, What We Learned This Week and 3 Things
Happy Friday Edition of the Program!! Nothing is Worth anything anymore. It was a big night in the NBA and Stanley Cup Playoffs last night. Ryan Day defended the way they built the roster last season. Cavs-Pacers gets underway Sunday. With the Kentucky Derby this weekend we discuss one off sporting events. The new path for QB's. Sports are winning. ESPN's Paul Finebaum, Doug Lesmeries, What's Up, Thing or Not a Thing, What We Learned This Week and 3 Things
Happy Good Friday Edition of the Program!! Beau had a morning this morning. The Jackets ended the season on a high note. Aaron Rodgers had some interesting comments on the Pat McAfee Show. Andrew Berry had a pre draft availability yesterday. The latest Portal News. Kyle McCord was on Gruden's QB Camp. Aaron Portzline, Tim May, Doug Lesmeries, What's Up, Thing or Not a Thing, What We Learned This Week and 3 Things
Happy Friday Edition of the Program!! All Friends Edition with Rieser, Baker and Cole. The Sweet 16 was on fire last night!! Offense was a plenty. John Mobley Jr isn't going anywhere!! MLB is back but their TV streams weren't ready for it....Chipotle made quite the stir in Cleveland yesterday. Colorado and Syracuse are one step closer to a Spring Game with each other. Hear from James Laurinatis, Keenan Bailey and their position rooms. The latest on who might be on Ohio State's portal radar. Reds and Bengals talk with Mike Petraglia, Tim May, Shelley Time with Jody Shelley, What's Up, Thing or Not a Thing, What We Learned This Week and 3 Things
This week's episode brought to you by Indy Wrestling US, Slice on Broadway, Sidekick Media Services and listeners like you at www.Patreon.com/WrestlingMayhemShow This week on the Wrestling Mayhem Show, hosts Sorg and Rizz are joined by 880 Hardcore Champion Dior Castro for a jam-packed episode covering pro wrestling's hottest topics, from AEW's latest spectacle to underground hardcore action and beyond! Topics Covered: •
This week's episode brought to you by Indy Wrestling US, Slice on Broadway, Sidekick Media Services and listeners like you at www.Patreon.com/WrestlingMayhemShow This week on the Wrestling Mayhem Show, hosts Sorg and Rizz are joined by 880 Hardcore Champion Dior Castro for a jam-packed episode covering pro wrestling's hottest topics, from AEW's latest spectacle to underground hardcore action and beyond! Topics Covered: •
This week's episode brought to you by Indy Wrestling US, Slice on Broadway, Sidekick Media Services and listeners like you at www.Patreon.com/WrestlingMayhemShow This week on the Wrestling Mayhem Show, hosts Sorg and Rizz are joined by 880 Hardcore Champion Dior Castro for a jam-packed episode covering pro wrestling's hottest topics, from AEW's latest spectacle to underground hardcore action and beyond! Topics Covered: •
Happy Friday Edition of the Program!! Ryan Day and the Ohio State assistant coaches are speaking today. Trey Hendrickson wants out of Cincinnati. The CBJ have dropped two in a row. Big Hoops weekend for both Buckeye Basketball Teams. Aaron Portzline on the NHL Trade Deadline, Tim May, What's Up, Thing or Not a Thing, What We Learned This Week and 3 Things
Cybersecurity Response Plan w/ Frank Grimmelmann of ACTRA - AZ TRT S06 EP03 (264) 2-9-2025 What We Learned This Week ACTRA Arizona Cyber Threat Response Alliance Cyber threats affect everyone from Gov't to business to private and growing Companies need to be responsive with speed to be effective + share information of attacks ACTRA has members from both government and private sector ACTRA helped create a state cybersecurity response model that other states can use Guest: Frank Grimmelmann https://www.actraaz.org/actra/leadership President & CEO/Intelligence Liaison Officer Mr. Grimmelmann also serves as Co-Chair (together with Arizona's Chief Information Security Officer) for the Arizona Cybersecurity Team (‘ACT'), created through the Governor's Executive Order signed in March 2018. He also serves as a Founding Member of the National Leadership Group for the Information Sharing & Analysis Organization Standards Organization (‘ISAO SO') at the University of Texas San Antonio (UTSA), created under the President's Executive Order 13691 in February 2015. As ACTRA's leader, Mr. Grimmelmann was invited as the first private sector representative in the Arizona Counter Terrorism Information Center (ACTIC) and served as its first private sector Executive Board representative from 2014-2019. He presently acts as ACTRA's designated private sector liaison to ACTRA's Key Agency and other non-Member Stakeholders. Mr. Grimmelmann served four terms as AZ InfraGard's President from 2009-2012, serves today on numerous academic advisory boards, co-Chairs the Greater Phoenix Chamber's Cybersecurity Workforce Collaborative initiative, and is an engaged Member of the Arizona Technology Council's Cybersecurity Advisory Board. In 2019, Mr. Grimmelmann was honored by the FBI, and the Board of Directors of both ACTRA and Arizona InfraGard as the first recipient of Arizona InfraGard's ‘Visionary Award' for creating the ACTRA framework over his last 2 terms as Arizona InfraGard's President, and ACTRA's resulting collaboration between law enforcement/ intelligence agencies/USCYBERCOM, and its public, private and academic organizations over the past 7 years. He was simultaneously recognized by the FBI's then Deputy Director for his contribution over the years. He remains an active Member of InfraGard since 2003 and an active Lifetime Member of the FBI Citizens Academy since 2006. Since 2002 he has devoted his full-time attention to protecting our nation's critical infrastructure and national security interests, through eliminating unnecessary silos that hinder communication, allowing us to respond to today's increasing threat from our cyber adversaries, and in turn permitting ACTRA's Member Organizations to protect their critical infrastructure and our national security interests, while protecting their organization's assets . Educationally, he holds a dual MBA in International Business and Finance from the University of California at Berkeley and brings decades of experience as a senior executive in finance, healthcare and government, prior to focusing on Cybersecurity in response to 9/11. Notes: Seg 2 Cyber threats affect everybody, business, personal, and government. Cyber crime is a fact of life that we need to live with it, but stay ahead. Criminals are on the offense and only have to be correct 1% of the time. Everybody else is playing defense and has to be right 100% of the time. AI is an advanced tool that is turned out to be a two edge sword, can help and hurt. AI can only catch so much but can give a few of what is going on. This is a matter of national security, dealing with homeland security and many other departments of the government. You have threat intelligence to determine roles on how you're going to handle hackers and ransom ware. Hackers can be local or foreign. All companies need a cyber policy and some sort of rapid tactical response. Cyber attacks are an ever growing threat to people and businesses, and continue to surge in 2024. There was 107% surge in malware attacks. These are on corporate computers, computers at work or home computers or even Home devices like Ring. You get a text through devices, phishing attacks. Company business email can be compromised in an attack, people's passwords come out and it leads to millions of dollars in losses. Elderly people are very vulnerable, 353,000 attacks. You have supply chain threats by terrorist and nation state actors. There was a recent attack on United Healthcare for 100 million. People‘s information was exposed. This led to a $22 million ransom payment. Cyber attacks cause $2.9 billion in damages. Companies are paying ransom to faceless criminals. Very tough for the FBI to be tracking down on these criminals and try to fend off the extortion of stolen data. Payments for ransom could be made through Bitcoin, which is difficult to trace, though it leaves somewhat of a forensic trail. Constant need for regulation and oversight from the government. Famous incident last year was not even an attack, but the Crowdstrike software update. ACTRA had a quick response that day. One that helps clients and partners recover fast. In a similar instant, Delta was down for weeks with computer problems. When you think about what goes on with banks back to 2008 - what loans they have on balance sheet and then off balance sheet securitized - not regulated like normal loans. Issues with underwriting standards on loans. Not even sure what can be affected in a Cyber attack. Off balance sheet loans and debt is similar to crypto or Bitcoin where it is not being regulated. PPD-41 was a directive to show responsibilities of government agencies and dealing in cyber. You had homeland security as a defensive arm to protect the nation's assets. Enforcement is done in the US by the FBI. Overseas it's done by US Cyber Command. Seg 3 Frank background in the 1990s in private business, worked in healthcare. Then was the chief info officer and the only 2000s at clinical in Stanford. Healthcare is very vulnerable. Post 9/11 he worked with FBI outreach program called InfraGuard on how to share intelligence with cyber threats. Needs to be treated like terrorism or criminal acts, though they're taking stolen IP. Need to move to a more stable world. 2011 study was done by government organizations to review the process and make recommendations on how to deal with counterterrorism and cyber. 90% of the critical infrastructure in the US is in the private sector. They do need Fed level help, but have also have a local response. Cyber threat actors move quickly and act like a terrorist organization. General Stanley McChrystal had a great quote, ‘It takes a network to defeat a network.' Cybersecurity is everyone's problem. You need education and organization. This is a 5th generation problem and you have to be adaptive. ACTRA is a nonprofit dealing with cyber security. They've got pillars of empowerment, trust technology and intelligence. Need for the private companies to develop to train and recruit to handle this threat. They created a model which allows to bring the fight on offense - and all work together sharing information. Virtual response team, small and big with the private sector as a partner. ACTRA is a hub for info, and keeps its member information private. Some members are public like Arizona State. Actual model can be used for the rest of the nation. Government and private cannot do it alone. Not all states have this type of organization, but probably need it. Seg 4 ACTRA started in January 2013. Give U.S. states a model for cyber security. Collective defense and share information with public and private organizations. The goal is to breakdown silos between government and the corporate world. Not just a thing tank, has an active model. Review of ACTRA model is best in the country and a good hub for response and info. In 2015, they helped Wisconsin create their own state organization for cyber threats. Soon after, Maryland created one using ACTRA as a model. Needs to be an effort of collaboration, merge the construct of entrepreneur spirit to take action. So the government cyber threats are handled nationally at a Fort Meade, where the NSA is. Frank's background in business in finance and healthcare fields. Info is useless if not used for action. You need actionable intelligence that is current to take down a threat. You need more than continuing education and certificates for people, must go beyond this. Virtual response team like a local militia who can help protect assets. Going after cyber criminals can be a little bit like a whack a mole. Overtime, hopefully there will be a national strategy for info sharing. A type of decentralized and local organization that work with government. The private sector owns the vast amount of data so they have to determine who they're going to share it with and how. Defend vs Cyber fast while still working within the spirit of the law. Seg. 1 Clips from Related Shows: Cybersecurity, Disruption, Blockchain & Terrorism w Ari Redbord of TRM Labs - BRT S02 EP31 (78) 8-1-2021 What We Learned This Week Cybersecurity is extremely important industry for national security TRM Labs startup in cyber-security, monitors blockchain OFAC - Gov't administers economic and trade sanctions Ransomeware – specific breach, takeover of a computer system, holds data hostage Programatic Money Laundering – bad guys create new addresses, create ‘shell' companies Guest: Ari Redbord, Head of Legal and Government Affairs w/ TRM Labs https://www.linkedin.com/in/ari-redbord-4054381b4/ https://www.trmlabs.com/post/trm-labs-appoints-ari-redbord-as-head-of-legal-government-affairs Ari is formerly a US Attorney, and worked in the Treasury Department, now advises the Government on cybersecurity, and Blockchain. Cybersecurity is a fast growing and extremely important industry for national security, and corporate interests. There are Nation States acting as bad players in the cyber realm and targeting the US Government and US business. We discuss the advancements in technology on cyber crime, blockchain, crypto, and online fraud. How is the FBI dealing with Ransomware, and other cyber attacks on prime targets like the Colonial Pipeline, or other big corps. What Regulations are coming in banking, and Fintech, with KYC (Know Your Customer), plus the big banks like JP Morgan Chase and Goldman are on board. What the blockchain ledger can help solve in security, to monitor criminal activity in real time with the help of crypto exchanges like Coinbase. Lastly, what TRM Labs does for clients, how they advise, operate, and who they work with. Full Show: HERE Phishing, Malware & Cybersecurity - Try Not to Get Pwned - BRT S02 EP47 (94) 11-21-2021 What We Learned This Week: Have I been Pwned? Means have I been breached / hacked – did someone hack my email or website Phishing – most common type of email threat, like when you receive a strange email with a link – Do Not Open – DELETE (and alert other office staff of the email) Ramsonware – hack your website, or data – hold it hostage for an extortion ‘ransom' payment Dark Web – where stolen data, & info is being bought & sold VPN Connections – direct and secure Guests: Vince Matteo, Seven Layer Networks, Inc. https://sevenlayers.com/ Vince Matteo is a certified penetration tester, a security researcher, and a senior consultant at Seven Layers (.com) where he focuses on securing small businesses. Vince is the author of "Hacking 101 – A Beginner's Guide to Penetration Testing", he's a bug bounty hunter with 17 published critical vulnerabilities, and he's presented talks on offensive hacking at security conferences -- most recently GrrCON in Grand Rapids, MI and BSides in College Station, TX. Outside of work, Vince is an accomplished endurance athlete, an Ironman age group champion, and in his spare time, you can find him in the desert -- training for the next hundred-mile ultramarathon. Full Show: HERE Biotech Shows: https://brt-show.libsyn.com/category/Biotech-Life+Sciences-Science AZ Tech Council Shows: https://brt-show.libsyn.com/size/5/?search=az+tech+council *Includes Best of AZ Tech Council show from 2/12/2023 Tech Topic: https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science Best of Tech: https://brt-show.libsyn.com/size/5/?search=best+of+tech ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the AZ TRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Happy Friday Edition of the Program!! It was almost perfect...The 4 Nations Tournament was great!! And so was Zach Werenski!! Very bad night for Buckeye Hoops. Brian Hartline was on the Bobby Carpenter Show. Wemby is done for the season. MLB is done on ESPN. Ross Bjork is in favor of expanding the CFP, Aaron Portzline, Tim May, Doug Lesmeries, What's Up, Thing or Not a Thing, What We Learned This Week and 3 Things
Happy Friday!! There are parts of College Football that are a mess right now. Ohio State's Football Program is worth 2 Billion Dollars. Jackets lose but OSU Women get a big win over Maryland. Cody Simon was on Morning Juice this morning and Will Howard was on Pat McAfee. The North has taken over College Football but for how long...It's Championship Weekend in the NFL. What's Up, Thing or Not a Thing, What We Learned This Week, Tim May from Vegas, Bill Bender and 3 Things
Happy Friday Edition!! Timmy Hall, Tyvis and Baker in today. Tyvis is Un-American with his 4th of July plate. Emeka Egbuka is really good. College Football Dynamic Duos. Could CJ Stroud end up being the face of the NFL...Dak Prescott in a walking boot. J Ram is the man. You can have the record heat. Plus, What's Up, Thing or Not a Thing, What We Learned This Week and Three Things
All Friends Edition as Beau is on his way to Illinois...Bronny is officially a Laker. The NFL actually lost in court. EA Sports thinks OSU has the best defense in the country. The Big East has a new Media Rights deal. Tim May stops by to talk Buckeyes. Thing or Not A Thing. What We Learned This Week. The 1st Round of the NHL Draft is tonight and the CBJ could be active. A lot of former Buckeyes will be playing for other college teams this year. Three Things
From Rishi Sunak calling the election in the rain to Ed Davey falling off his paddleboard, what are the images that define a general election campaign? Matt speaks to the photographers who have had a ring-side seat.Plus: Benedict Pringle and Sam Jeffers discuss the best of the week's campaign adverts (and the ones that had to be deleted).What We Learned This Week (00:47)Mad Men (02:44) The Pictures That Define The Election (11:31) Hosted on Acast. See acast.com/privacy for more information.
How much do parties spend on "big data", and how much do they still rely on old-fashioned leaflets through the door?Matt finds out how they're planning to spend record amounts this election year, and why some past campaign expenses included 'pest control' and 'emergency chair removal'.Plus: Columnists India Knight and James Marriott discuss Reform UK's woes, teenagers using social media, and supermarket orchids.What We Learned This Week (00:58) Columnists (03:15)How Parties Spend (21:26) Hosted on Acast. See acast.com/privacy for more information.
Best of Business 2023 - Part 4 2023 AZ TRT S04 EP52 (215) 12-31-2023 What We Learned This Week: Alan Payne on the Rise & Fall of Blockbuster Arthur Smith on Reality TV & Sports Trevor Pan of Bidbird on shipping efficiency & container skins Dr. Chuck & Francis of Ally Bio on Cannabis Innovation Chris Owen of J Galt on Commercial Credit Host Matt on Business Assets Seg. 1 – Clips From: Built to Fail: The Inside Story of Blockbuster's Inevitable Bust w/ Alan Payne AZ TRT S04 EP34 (197) 8-27-2023 What We Learned This Week: · Blockbuster started in 1985, and scaled quickly after Wayne Huizenga purchased it in 1987, 10,000 stores at its height, dominant video rental co. · Alan Payne instituted the Video Rental model of HEB to the Blockbuster franchises he ran – segmented movies to rent new ones for more · Wayne Huizenga was a stellar Founder who built 3 fortune 500 companies – Waste Mgmt, Blockbuster, and Auto Nation · Viacom purchased Blockbuster in 1994 for $8.4 billion, and went on to lose 75% of the value over the next decade + · Competition was fierce from Hollywood Video, Redbox and then in 1997 by a new DVD rental by mail company called Netflix · Netflix scaled into the internet company it always wanted to be with streaming in 2009 Guest: Alan Payne Alan Payne spent thirty-one years in the movie rental business, the last twenty-five of those as a Blockbuster retail franchisee. He took over a small group of Blockbuster stores in 1993 and grew it into one of the largest and most successful chains in the company. He finally closed his last store in 2018, more than eight years after Blockbuster filed for bankruptcy. Book: Built to Fail: The Inside Story of Blockbuster's Inevitable Bust From the Back Cover Blockbuster was phenomenally successful in its early years and made thousands rich beyond their wildest dreams. But it was consistently outsmarted and outmanaged by smaller companies. And the challenges began earlier than you think--long before Netflix was even an idea in the minds of founders Reed Hastings and Marc Randolph. Blockbuster became one of the most iconic brands in the history of American business, but it cracked at the first sign of a challenge. From its founding, Blockbuster was a company built to fail. Link: HERE Full Show: HERE Seg. 2 – Clips From: TV Tales of The Unbreakable Jay Glazer to Creating Competition Shows from American Ninja Warrior to Hell's Kitchen w/ Arthur Smith AZ TRT S04 EP28 (191) 7-16-2023 What We Learned This Week: · Jay Glazer's Unbreakable mindset gets him thru ‘the gray' of his daily life, working on his mental health · Arthur Smith's describes Reach as striving for our full potential to create amazing things · Creation of TV Classics like American Ninja Warrior & Hell's Kitchen Arthur Smith, the chairman of A. Smith & Co. Productions, is a pioneering veteran of nonfiction television, known for creating and producing some of the longest running unscripted series in history, including Hell's Kitchen and American Ninja Warrior. Smith was honored as one of Variety's “Titans of Unscripted TV” in 2022, inducted into the Realscreen Awards Hall of Fame in 2021, awarded Broadcasting and Cable's “Producer of the Year” in 2020, Nominated for several Emmy Awards, and received dozens of awards, including NAACP Awards, Realscreen Awards, and Critics Choice Awards. Smith embarked on his career in television as a twenty-two-year-old wunderkind, talking his way into sports production at CBC in his native Canada. He quickly distinguished himself as a rising star at the network, where he produced three Olympic Games among countless other high-profile events. At the age of twenty-eight, Smith was named the youngest ever head of CBC Sports. His successful run at the network ended when American broadcasting icon Dick Clark lured him to Hollywood to develop and produce a wide variety of entertainment programming. Then as the head of programming and production at FOX Sports Net, Smith played an instrumental role in the launch and growth of this massive entity, before the biggest reach of his life—the creation of his eponymous production company that has thrived for more than twenty years. He lives in Los Angeles. Full Show: HERE Seg. 3 – Clips From: Cannabis Innovation by Ally Biotech w/ Dr. Chuck & Francis - AZ TRT S04 EP36 (199) 9-10-2023 What We Learned This Week Ally Biotech offers highly bioavailable products to leading manufacturers and dispensaries of cannabis products Cannabis is competitive and it's all about the product quality. Arizona-based Chill PillTM brand is an expansive line of easy-to-swallow THC soft gels for the cannabis industry. The goal of the company is to adopt the practices of big Pharma and make high grade products. FDA and DEA are actually working together. The DEA treats cannabis like any other Schedule One dangerous drug, like cocaine or heroin. Yet it does not have the same affects, nor addictive qualities. Many pain medication's have very serious side effects as well as the potential for problems with overdosing. Cannabis is a good alternative for pain mgmt. Guests: Dr. Chuck Johnson, CSO at Ally Biotech After earning his BA in Chemistry from Northwestern University and PhD in Analytical Chemistry from Virginia Tech, Dr Chuck refined his craft while working The Procter & Gamble Company, Koch Industries, and Danaher, and expanded his scope of knowledge while working and consulting for DuPont, BATF, FBI, Army Corps of Engineers, Chiyoda Engineering, Toyo Engineering, Japan Gas Company, Yamato, Fisher Scientific, VWR Scientific Products, among others. Chuck brings with him experience with FDA regulatory compliance, LEAN (TPS) principles in Product Development and Manufacturing, competitive market analysis, mergers and acquisitions and technical sales. More recently he has provided consultation services and served as the Chief Science and Operations Officer in the Hemp and Cannabis sectors, including industrial farming, extraction, refining, GMP production, nutraceuticals, and FDA compliance. Francis Baczek, V.P. of Business Development at Ally Biotech Francis Baczek serves as Vice President of Business Development at Ally Biotech, a provider of leading-edge bioactive delivery solutions for cannabinoids. Baczek brings significant product development experience in the medical cannabis sector. Since 2013, he has been formulating precision-dosed edibles as lead cannabis chef for Uncle Herb's Health Center, a licensed Arizona operator. Baczek is credite https://allybiotech.com/about-team/ Full Show: HERE Efficiency in the Supply Chain by a New Container Invention w/ Trevor Pan of BidBird AZ TRT S04 EP41 (204) 10-15-2023 Things We Learned This Week Malcolm McLean was the inventor of the shipping Container, and a key person in trade & globalization BidBird invented a container skin, a smooth panel for the side to reduce wind resistance & improve fuel efficiency Patent process and Patent Cooperation Treaty to register an invention in foreign countries Building a Prototype and doing a road test with a Truck plus a Container on a race track Guest: Tevor Pan, BidBird Principal Architect - February 2018 - Present Undergraduate Professional Degree - Landscape Architecture, Colorado State University, Fort Collins, Colorado 2003 Master Degree - Frank Lloyd Wright School of Architecture, Scottsdale, Arizona 2006 o Twitter o LinkedIn https://bidbird.co/about THE FIRST CONSTRUCTION MARKETPLACE, AT YOUR FINGERTIPS. Trevor Pan, BidBird Founder & registered Arizona architect. Spending 21 years as an architect immersed in construction, manufacturing, and design, I've built a unique understanding of the construction industry's constant movements and challenges. I know that construction professionals are exhausted by the RFP game—and the collusion that can come along with it. I've seen invasive service platforms that trap users into thinking they're a lead generating machine, but then unethically charge them thousands with no quality results. When I set off to launch BidBird, I wanted to eliminate the red tape and corruption for suppliers, manufacturers, contractors, and building owners. And when my barber approved the irresistible alliteration of the name, BidBird was born. BidBird is the new way for construction professionals to achieve a constant-but-necessary thing: capture competitive bids for their materials through an efficient process. At its core, our mission is simple. We connect construction industry professionals around the country through an honest platform that doesn't cost users unreasonable fees, or their dignity. With its simplicity comes big things. BidBird is an opportunity to beat out the “big guys” by just a penny, equalizing the hunt for businesses around the country. We strive to combine high-value jobs + the innovation to evolve with construction professionals' needs to transform businesses, one bid at a time. Full Show: HERE Seg. 4 – Clips From: Building Commercial Credit w/ Chris Owen of J. Galt AZ TRT S04 EP45 (208) 11-12-2023 Things We Learned This Week J. Galt Helps Small Businesses Optimize Cashflow & Manage Growth Helping Business Owners Access Loans & Credit, Endangering Their Personal Credit & Family Assets Small Business is the backbone of a community, when it thrives, so does the community 3 Types of Credit - Personal, Business & Commercial Credit - Business need to build their Commercial Credit Guest: Chris Owen LKIN: HERE Helping Business Owners Access Loans & Credit Endangering Their Personal Credit & Family Assets When small businesses prosper, then the community also thrives. The passion I have for helping fellow entrepreneurs succeed is something I've fostered my entire life. As an advocate and advisor for small businesses I have seen the challenges they face firsthand. When businesses fail, they leave an average of $80K for the business owner and their family. Knowing these daunting stats, it has become my life's mission to help protect these incredible small businesses that are the bedrock of our economy. Can you imagine what your small business would look like in 12 months if… ✅ You didn't get turned down for the loan, credit card, or line of credit you needed? ✅ Your access to loans and credit didn't impact your personal credit or put your family home at risk? ✅ You had the money you needed to expand and meet new opportunities? J. Galt: https://www.jgalt.io/cowen Full Show: HERE Rethinking What is an Asset AZ TRT S04 EP39 (202) 10-1-2023 What We Learned This Week: · Knowledge as an Asset · Industry You Work in as an Asset · Your Network as an Asset · Leverage as an Asset · Focus as an Asset · Traditional Investment Assets – Appreciating vs Harvesting Full Show: HERE Investing Topic: https://brt-show.libsyn.com/category/investing Tech Topic: HERE ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Best of Investing 2023 AZ TRT S04 EP47 (210) 11-26-2023 What We Learned This Week: Drew Niv on markets, Risk & Oil Denver Nowicz of Wealth for Life on Taxes Steve Zabilski of Piper Trust on Non Profits Greg Talcott of Caliber Funds on Real Estate Investing & Opportunity Zones Bryan McLaren of Zoned Properties on Specialized Cannabis Real Estate Bob DeLean of Arizona Tech Investors & valuations Rohan on Tech Stocks and careers Seg. 1 – Clips From: Assets, Interest Rates & Bubbles - Market Recap for 2022 w/ Drew Niv BRT S04 EP02 (164) 1-8-2023 What We Learned This Week Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free' money Interest Rates – Don't Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Oil Commodities – demand is up, supply is down, Gov't will keep the price of oil at $70 / barrel Bubbles / Crypto – does not have good utility, market has collapsed, Bitcoin & Ethereum will survive, has use, plus the Black Market Guest: Drew Niv, Trader Tools & former Forex Trader LKIN: https://www.linkedin.com/in/drew-niv-123812160/ Drew Niv had a 20 year career in trading and FX (currency) markets. He founded one of the largest Forex trading companies on Wall Street, took it public (IPO), managed hundreds of staff, and oversaw $ billions in daily trading. Currently he runs a bank software company called Trader Tools, that specializes in FX markets. - https://www.tradertools.com/ Drew Niv is a Strategic, Technology Savvy, and Detail-Oriented Board Member and Global Business Executive with a history of award-winning performance as a visionary leader. Founded company that disrupted the FX industry, resulted in retail FX becoming a major factor of the global FX market. Developed breakthrough technology that enabled customers to transact spot FX at 70–90% less cost than the largest exchanges and ECNs. He has forged strategic partnerships with 1,000 institutional customers, including major hedge funds, all large banks, and other brand name financial institutions, both domestically and globally. Drew possess a unique understanding of market microstructure - the inner plumbing of trade matching, how technology intersects with business, and how to grow a business from a small startup through an IPO. Well versed in managing through a crisis and positioning a mature business to meet the unique challenges of a shrinking industry. Experienced in software product development; able to design and build trading software that people want to use; and experienced in managing a diverse, international workforce remotely. Full Show: HERE Related Show: HERE Market Cycles, Risk, & Ben Graham's Intelligent Investor - Finance Lessons from BRT BRT S04 EP29 (192) 7-23-2023 What We Learned This Week: Mean Reversion & Market Cycles – Asset prices do not go up forever, but rather fluctuate Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free' money Interest Rates – Don't Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Wealthy own Assets, Business, Real Estate, Stocks are the best and most popular The Intelligent Investor Ben Graham's teaching, and seminal investing book - Ch. 8 on Mr. Market, & Ch. 20 on Margin of Safety Seg. 2 – Clips From: Wealth for Life – Own a Business, the Best Asset to Grow Wealth BRT S04 EP06 (168) 2-5-2023 Things We Learned This Week • Wealthy use Different Strategies – how they approach investing, business, opportunities, tax strategy • You're not going to get rich investing in stock, if you have a $50k / year salary, not saving & investing enough $ • Wealthy own Assets, Business, Real Estate, Stocks • Tax Strategy needed when you Earn $250K +, more income, more taxes • Loans – using leverage is the key to Tax Free Income – put more $ money into investments • Offense / Defense – segment Assets into categories, create income from Assets Co-Host: Denver Nowicz, President - Wealth For Life https://wealthforlife.net/brt/ https://twitter.com/denvernowicz Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing'. Full Show: HERE Running a Non-Profit Charity The Piper Trust w/ Steve Zabilski - BRT S04 EP27 (190) 7-9-2023 What We Learned This Week: Virginia G. Piper Trust - Virginia & husband Bob Galvin (founder Motorola) created in 2000 Charity Grants application process Investment to grow Trust Fund of $400m Phx Dream Ctr staff are largely made up of former victims giving back St Vincent helps the Homeless Population In Phx A for Arizona celebrates educators Guest: Stephen J. Zabilski, President & CEO https://pipertrust.org/about-us/officers-and-staff/ As President and CEO, Steve Zabilski leads Virginia G. Piper Charitable Trust's mission to enrich health, well-being, and opportunity for the people of Maricopa County. Steve joins Piper Trust as its fourth CEO after providing more than 17 years of dedicated service as a Trustee and member of the organization's Investment and Audit Committees. For the past 25 years, Steve served as CEO of the Society of St. Vincent de Paul—Phoenix Diocesan Council. His decades of private sector experience, coupled with his talent to lead with compassion and humility, continue to make an indelible mark on this community. Steve's ability to bring people together and catalyze the strengths of thousands of Vincentians, volunteers, employees, and donors significantly advanced the mission and services of St. Vincent de Paul. Full Show: HERE Seg. 3 – Clips From: Investing in Real Estate Opportunity Zones w/ Greg Talcott of Caliber Funds AZ TRT S04 EP42 (205) 10-22-2023 What We Learned This Week Caliber Co is an integrated real estate company from service to construction to investment funds The biggest idea in funds right now is Opportunity Zones - investing in below medium income areas Caliber deals can last 5+ years, with an IRR of 17% Caliber has great lenders to get good interest rates, they fund deals 50/50 - loan to equity Location - always looking for great properties w/ community to support biz + other real estate building Guest: Greg Talcott, Managing Director of Sales LKIN: https://www.linkedin.com/in/gregorytalcott/ Article on Greg: HERE Experienced sales executive with a demonstrated history of working in the venture capital and private equity industry. Skilled in Securities, Asset Management, Investment Strategies, Equities, Real Estate, and Financial Advisory. Strong media and communications professional, expertise in digital marketing to niche networks such as ultra high net worth individuals. BS focused in Law & Political Science from Arizona State University. https://caliberfunds.co/ https://www.caliberco.com/ Real Estate Investment Experts Caliber is a leading vertically integrated asset management firm whose primary goal is to enhance the wealth of investors seeking to make investments in middle-market assets. We strive to build wealth for our investor clients by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities. We market our services through direct sales to private investors, wholesaling to investment advisers, direct sales to family offices and institutions, and through in-house client services. Caliber's middle-market specialty allows the Company to compete with agility and speed in an evolving arena of alternative investments. Full Show: HERE Specialty Cannabis & Prop Tech Real Estate Services w/ Bryan McLaren of Zoned Properties - BRT S04 EP22 (185) 6-4-2023 What We Learned This Week Zoned Properties specializes in Cannabis related Real Estate There is High consumer demand for cannabis, it exists already, do not need to create it Cannabis dispensaries are in the retail asset class of real estate. Also called - Direct to Consumer real estate. Many of the past myths & propaganda about Cannabis on crime and other societal issues were wrong. Property values never went down. Cannabis is a $50-$70 billion projected sales industry, w/ a $200 billion Economic Impact Zoned Properties Tech Division and SaaS software may be the biggest part of the company in the future Guest: Bryan McLaren, Chairman & CEO of Zoned Properties https://zonedproperties.com/about-zoned-properties/ https://www.linkedin.com/in/bryanmclaren/ Bryan McLaren is Chairman and CEO of publicly traded Zoned Properties (ZDPY). As a certified and licensed realtor, Green Roof Professional, LEED Green Associate, and former City Sustainability Commissioner, Bryan has navigated state regulatory programs for cannabis commercial real estate in over ten markets for over 100 development projects. Zoned Properties®, Inc. (OTCQB: ZDPY), a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry, positioning the company for property acquisitions and revenue growth. They recently announced the market launch of its partnership with dispensary retail franchisor (The Open Dør). Zoned Properties invests in OpenDor with franchise model in cannabis using inspiration from McDonald's as an example & model. Full Show: HERE Seg. 4 – Clips From: Arizona Tech Investors w/ Bob DeLean AZ TRT S04 EP46 (209) 11-19-2023 What We Learned This Week ATI - Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona Applicants for Funding need to Answer many Q's What Problem does your Product Solve? Who is your Competition? How Big is the Market? Who are Your Advisors? What is the Business Plan? Sales Plan? Building a Company takes longer than you think, & costs more $ than you expect Guest: Bob DeLean, Executive Director of Arizona Tech Investors LKIN: HERE https://arizonatechinvestors.com/about-us/leadership/ Bob DeLean has been an investor with ATI for more than 11 years and currently serves as the organization's Chairman. He spent eight years as a Senior Equity Analyst with Morgan Keegan & Co., Inc., a wealth management and capital market firm. It's now part of Raymond James Financial Inc. Since moving back to Arizona in 2004, Bob has made 28 angel investments in early-stage and startup companies, the majority being based in Arizona. Bob is an outdoors enthusiast who enjoys road trips and spending time in nature. Full Show: HERE The Brains of the Tech Industry - Semiconductors w/ Rohan AZ TRT S04 EP40 (203) 10-8-2023 Things We Learned This Week Semiconductors (Microchips) are in so many of the common everyday devices people use: cell-phones, tablets, laptops, cars, TVs, fridge, etc Valuation of Pay in Tech Jobs - combo of salary, bonus, benefits, stock options & growth potential Carbon Neutral is the eco-goal of many tech co's & Gov't by 2050, will require R&D, new materials Tech Talk & the Future.... AI, Turing Test, Recommendation Model, Moore's Law, & more Full Show: HERE More Info on WFL and Tax Free Matching: HERE Wealth For Life Topic: HERE Link to Taxes Show on 10/31/2021 w/ Denver: Here Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here Link to Shows, Denver was a Guest: Here Investing Topic: https://brt-show.libsyn.com/category/investing Tech Topic: HERE ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Best of the Sports Business - AZ TRT S04 EP43 (206) 10-29-2023 What We Learned This Week · Football Done Right w/ Ex-NFL GM Mike Lombardi History of the Baseball World Series w/ NYT Writer Tyler Kepner Sports Performance – Train Your Mind w/ Alex Auerbach Sports Gambling is Legal w/ Adam Candee Seg 1 - Clips From: Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums - AZ TRT S04 EP38 (201) 9-24-2023 What We Learned This Week · You don't work in the NFL. You live in the NFL. – Al Davis, Raiders Owner White Oaks of Football – 5 Coaches who revolutionized how the game is played Paul Brown's Operating System – responsible for so many of the ways football teams are run, from headsets, to play calling & playbooks, to scouting systems West Coast Bill Walsh – created an offensive philosophy by passing early to get the lead, and running late to keep the lead Pete Rozelle (former NFL Commissioner) propelled football into the #1 sport thru Television, starting with Monday Night Football in 1970 Scouting for players is about elimination, never about finding. Need a Profile to know what you are looking for. Guest: Michael Lombardi is a former general manager and three-time Super Bowl-winning executive, having spent thirty-five years working for the New England Patriots, San Francisco 49ers, the Oakland Raiders, and the Cleveland Browns, and has the distinction of the being the only person to make it to the Super Bowl with legends Bill Walsh, Al Davis, and Bill Belichick in a single career. He is the best-selling author of Gridiron Genius and appears on the top-ten sports podcast GM Shuffle in addition to hosting the daily show The Lombardi Line on the VSIN podcast network. He has appeared as a draft analyst and on-air talent for CBS Sports, Showtime, and the NFL Network, among others. He has written extensively for numerous print and digital media platforms, including NFL.com and Sports Illustrated. ABOUT THE BOOK Title: FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL By Michael Lombardi “A master class in the history, philosophy, and art of football from a man who has seen it all.” —Bill Belichick, Head Coach of the New England Patriots From “Monday Night Football” to Super Bowl Sunday, the NFL is a dominating force in the lives of millions of fans who tune in and passionately cheer for their favorite teams. And when the games are over, the conversation is just getting started. Who's the greatest player of all time? Which coaches truly shaped the game we know and love today? What was the most unforgettable game? Why is professional football such an undeniable part of our culture? In FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL (Running Press, September 5, 2023) former NFL general manager and three-time Super Bowl winner Michael Lombardi sets the record straight on these questions and more, taking readers on the ultimate journey through the NFL's history to present his calls on the greatest players and coaches the sport has ever seen. Lombardi has done it all—from scout to executive to coach—and with FOOTBALL DONE RIGHT, he tackles all aspects of the sport, channeling his 35+ years of experience with the NFL into an all-encompassing celebration of the game. Through his incisive analysis, first-person experience, and hard stats, Lombardi makes a definitive case for the most influential coaches and best players, while also honoring the many change makers, trade negotiators, and sportscasters who played an essential role in popularizing the game that we recognize today. Both a full history of the sport and a comprehensive re-imagining of the Football Hall of Fame to honor every deserving athlete and coach, FOOTBALL DONE RIGHT will change the way you watch, discuss, and debate the gridiron. Full Show: HERE Seg 2 – Clips from: BRT Game Night - The Saban Process + the History of the World Series w/ NYT National Baseball writer Tyler Kepner - BRT S03 EP52 (151) 10-16-2022 What We Learned This Week Business of Baseball Drafting Players to Analytics, & How the game has evolved History of World Series – Game Changers - Did babe Ruth call his shot? The Process – Nick Saban's success formula to focus on the moment, and being more fundamental & sound for each play Sports Gambling – who are the big players in the industry from sports books to Casinos Chess Strategy – how to train the mind to make better decisions Guests: TYLER KEPNER is the author of the New York Times bestseller K: A History of Baseball in Ten Pitches. He has covered every World Series game of the last two decades for The New York Times. He started his career as a teenager, interviewing players for a homemade magazine in the early 1990s. He attended Vanderbilt University on the Grantland Rice/Fred Russell sportswriting scholarship, then covered the Angels for the Riverside (Calif.) Press-Enterprise and the Mariners for the Seattle Post-Intelligencer. He joined The New York Times in 2000, covering the Mets for two seasons, the Yankees for eight, and serving as the national baseball writer since 2010. From the New York Times bestselling author of K: A History of Baseball in Ten Pitches, a highly entertaining, revelatory history of the World Series, filled with gripping behind-the-scenes stories from 117 years of the Fall Classic. The World Series is the most enduring showcase in American team sports. It's the place where legends are made, where celebration and devastation can hinge on a fly ball off a foul pole or a grounder beneath a first baseman's glove. And there's no one better to bring this rich history to life than New York Times national baseball columnist Tyler Kepner, whose bestselling book about pitching, K, was lauded as “Michelangelo explaining the brush strokes on the Sistine Chapel” by Newsday. In seven scintillating chapters, Kepner delivers an indelible portrait of baseball's signature event. He digs deep for essential tales dating back to the beginning in 1903, adding insights from Hall of Famers like Reggie Jackson, Mike Schmidt, Jim Palmer, Dennis Eckersley and many others who have thrived – and failed – when it mattered most. Why do some players, like Madison Bumgarner, Derek Jeter and David Ortiz, crave the pressure? How do players handle a dream that comes up short? What's it like to manage in the World Series, and what are the secrets of building a champion? Kepner celebrates unexpected heroes like Bill Wambsganss, who pulled off an unassisted triple play in 1920, probes the mysteries behind magic moments (Did Babe Ruth call his shot in 1932? How could Eckersley walk Mike Davis to get to Kirk Gibson in 1988?) and busts some long-time myths (the 1919 Reds were much better than the Black Sox, anyway). The result is a vivid portrait of baseball at its finest and most intense, filled with humor, lore, analysis and fascinating stories. THE GRANDEST STAGE is the ultimate history of the World Series, the perfect gift for all the fans who feel their hearts pounding in the bottom of the ninth inning of Game Seven. Tyler / NYT: https://www.nytimes.com/by/tyler-kepner Twitter: @TylerKepner Book Link: HERE Full Show: HERE Seg 3 – Clips from: Sports Performance - Train Your Mind to Be Your Best in the Present w/ Alex Auerbach - BRT S04 EP11 (173) 3-12-2023 Things We Learned This Week Mindfullness - Be in the Present, use breathing techniques to anchor in Imposter Syndrome - Q of confidence Client Psychology (30%) vs Environment (70%) - take care of your health, get sleep Sunk Cost Fallacy - resources are gone, move on Guest: Alex Auerbach, Sports Psychologist for the Toronto Rapters (NBA) https://www.linkedin.com/in/alexauerbachphd/ https://alexauerbach.info/ Performance psychologist working with the world's best performers | Building science-backed systems for health and high performance for elite athletes, executives, and organizations Area of Expertise Include: · Wellness & Performing Under Pressure · Leadership & High Performance · Mindset Training & Systems optimization Alex is a counseling and performance psychologist currently working as an executive in professional sports. He's been fortunate to work with the best athletes in the world in the NBA, NFL, MLB, and the Olympics. Also with high performers in other domains – including elite military units, Fortune 500 Companies, and venture backed start-ups. In addition to his training as a psychologist, he also worked as a college football coach with 2 different NFL Teams. Alex collaborated as part of several venture-backed start-ups, working in a range of roles from consultant to C-Suite. Outside of work, Alex is the father of an incredible daughter, a dog, & a husband. 3 Mindsets that separate the best from the Rest: Post - HERE Full Show: HERE Seg 4 – Clips from: Sports Gambling is Legal in AZ & Beyond w/ Adam Candee - BRT S02 EP19 (66) 05-09-2021 What We Learned This Week AZ legalized sports gambling 4/2021 & develop rules to start in the fall of 2021, will have similar setup to Nevada & tax rate of 6.75% Low margin business – lots of data from NV, 55% win rate by sports book and then taxes NJ legal battle, Supreme Court in 2018 - ‘Pasba' struck down Federal ban, now a state matter, and states can legalize sports gambling (vs Federal law 1992 – only in Vegas) Sports book will be inside US arenas, just like in Europe Big Players – Caesars, MGM, Fan Duel, Draft Kings, Betfair, Sky Bet, Penn National Gaming & Barstool Sports Guest: Adam Candee w/ Legal Sports Report https://www.legalsportsreport.com/arizona/ https://www.linkedin.com/in/adamcandee/ AZ has just legalized sports gambling, and it is due to go live in the Fall of 2021 Adam Candee is a radio host and journalist who runs the top sports gambling info websites / podcast - Legal Sports Report (.com). He joins the show to talk all things sports gambling. We cover AZ and all of the other states (like NY) who just passed the initiative also, and potential tax revenues. We talk the big players (Draft Kings, Barstool Sports) and the casinos who have thrown their hat in – Caesars, MGM. Adam tells of the history of sports gambling in the US, the growth of offshore books in the 1990s, and what we can learn from Europe's sports betting market the last 20 years. Full Show: HERE Sports Themed Show: HERE ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums - AZ TRT S04 EP38 (201) 9-24-2023 What We Learned This Week · You don't work in the NFL. You live in the NFL. – Al Davis, Raiders Owner White Oaks of Football – 5 Coaches who revolutionized how the game is played Paul Brown's Operating System – responsible for so many of the ways football teams are run, from headsets, to play calling & playbooks, to scouting systems West Coast Bill Walsh – created an offensive philosophy by passing early to get the lead, and running late to keep the lead Pete Rozelle (former NFL Commissioner) propelled football into the #1 sport thru Television, starting with Monday Night Football in 1970 Scouting for players is about elimination, never about finding. Need a Profile to know what you are looking for. Guest: Michael Lombardi is a former general manager and three-time Super Bowl-winning executive, having spent thirty-five years working for the New England Patriots, San Francisco 49ers, the Oakland Raiders, and the Cleveland Browns, and has the distinction of the being the only person to make it to the Super Bowl with legends Bill Walsh, Al Davis, and Bill Belichick in a single career. He is the best-selling author of Gridiron Genius and appears on the top-ten sports podcast GM Shuffle in addition to hosting the daily show The Lombardi Line on the VSIN podcast network. He has appeared as a draft analyst and on-air talent for CBS Sports, Showtime, and the NFL Network, among others. He has written extensively for numerous print and digital media platforms, including NFL.com and Sports Illustrated. ABOUT THE BOOK Title: FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL By Michael Lombardi “A master class in the history, philosophy, and art of football from a man who has seen it all.” —Bill Belichick, Head Coach of the New England Patriots From “Monday Night Football” to Super Bowl Sunday, the NFL is a dominating force in the lives of millions of fans who tune in and passionately cheer for their favorite teams. And when the games are over, the conversation is just getting started. Who's the greatest player of all time? Which coaches truly shaped the game we know and love today? What was the most unforgettable game? Why is professional football such an undeniable part of our culture? In FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL (Running Press, September 5, 2023) former NFL general manager and three-time Super Bowl winner Michael Lombardi sets the record straight on these questions and more, taking readers on the ultimate journey through the NFL's history to present his calls on the greatest players and coaches the sport has ever seen. Lombardi has done it all—from scout to executive to coach—and with FOOTBALL DONE RIGHT, he tackles all aspects of the sport, channeling his 35+ years of experience with the NFL into an all-encompassing celebration of the game. Through his incisive analysis, first-person experience, and hard stats, Lombardi makes a definitive case for the most influential coaches and best players, while also honoring the many change makers, trade negotiators, and sportscasters who played an essential role in popularizing the game that we recognize today. Both a full history of the sport and a comprehensive re-imagining of the Football Hall of Fame to honor every deserving athlete and coach, FOOTBALL DONE RIGHT will change the way you watch, discuss, and debate the gridiron. “The stories in Football Done Right reveal who made the NFL into the greatest league on Earth. Michael Lombardi has had success at every level of the league and this love letter to the game is a must read.” —Pat McAfee, Host of The Pat McAfee Show on ESPN and Former NFL Player “For the past 40 years, Michael Lombardi has had a front row seat to football history, working for and advising legendary men such as Bill Walsh, Al Davis and Bill Belichick. Now he has packaged all the greatness he observed into this gift of a book.” —Adam Schefter, ESPN Senior NFL Insider Notes: Seg 2 ‘You don't work in the NFL. You live in the NFL.' – Al Davis, Raiders Owner ‘You can't connect the dots looking forwards…but backwards.' – Steve Jobs, Apple ‘There is winning, and there is misery.' – Coach Bill Parcells Canton, Ohio – the NFL is formed in 1920 with 11 teams Mike Lombardi worked in the NFL 20+ years. He worked with some of the NFL grades like Bill Walsh, Al Davis and Bill Belichick. He agrees with Al Davis that you definitely live in the NFL. It is dark when you go to work and it is dark when you get home. NFL started in 1920, but it wasn't until the late 1950s that it was on TV and started to become a very popular national game. From the 1920s to the 1950s college was more popular than the NFL. People knew their college teams and football was more of a regional sport. The Five White Oaks of the NFL These are 5 coaches that Mike has identified that helped to modernize the game. The white oak phrase comes from the movie The Shawshank Redemption. The tree is a symbol of redemption with the deepest branches, like a coaching tree in the NFL. Red Blaik and the Lonely End Coach Red Blaik coached at Dartmouth in the Ivy League and then Army. He is known for the lonely end, or spreading out the wide receivers and using the whole field to play. He coached in the 1940s in the 1950s. He had 2 very famous assistants at Army - Tom Landry coaching the Defense and Vince Lombardi coaching the offense. Landry went on to coach the Cowboys and Lombardi went on to coach the Green Bay Packers. Both won Super Bowls and are in the Hall of Fame. https://en.wikipedia.org/wiki/Earl_Blaik https://goldenrankings.com/footballshortstoryLonelyEnd.htm Clark Shaughnessy and the T Formation He coached in the 1940s through the 1960s and is known for modernizing the single wing formation and how players lineup in formations. He created the first real modern passing formations with an emphasis on the quarterback, not the running back being the most important player. https://en.wikipedia.org/wiki/Clark_Shaughnessy https://www.latimes.com/archives/la-xpm-1990-12-25-sp-7207-story.html Paul Brown's Operating System Paul Brown of the Cleveland Browns, and later the Cincinnati Bengals He created the operating system and really turned coaching into a profession with specialties. He taught a culture of leadership and instruction. His most famous assistant was Bill Walsh who will go on to the Hall of Fame as the coach of the 49ers and creator of the West Coast offense which was started under Brown with the Bengals So many of the modern things we see with football were created by Paul Brown - like the headset for the coaches to call in the play to the quarterback, how play-calling was done and the playbook. He also organized the system for scouting, how you pick players, 40 yard dash and how to profile players. https://en.wikipedia.org/wiki/Paul_Brown https://operations.nfl.com/gameday/technology/technology-and-the-game/ https://www.daytondailynews.com/sports/ohio-state-tcu-one-hall-fame-coach-left-mark-buckeyes-horned-frogs/oXTclNvnXMkadYBk4zSdWJ/ Seg 3 Coaches continued Sid Gilman and the Long Ball Sid Gilman was an assistant with Red Blaik Worked with Fanatical Francis Schmidt of Ohio State wanted to pass all the time, but not accepted in Ohio Developed numerical passing game, passing and play design https://en.wikipedia.org/wiki/Sid_Gillman https://www.footballxos.com/sid-gillman-need-know-man-throw-forward-pass/ West Coast Bill Walsh West coast offense was a philosophy based on ball control offense Pass the ball early to score, run the ball later to keep the lead Y motion passing game, QB footwork, and timing of routes Script plays to start game Horizontal passing game, the nickel and dime pass with high percentage throws to get the ball to the receiver in space, so then they can run after the catch https://en.wikipedia.org/wiki/Bill_Walsh_(American_football_coach) https://en.wikipedia.org/wiki/West_Coast_offense https://bleacherreport.com/articles/1087386-football-101-breaking-down-the-west-coast-offense TV & the Power of the Brand of the NFL TV in the 1970s, there were 3 channels. The NFL Commissioner, Pete wanted to get one national game airing weekly. He contacted all three networks and eventually struck a deal with ABC for Monday night football. Howard Cosell was the fire brand polarizing host. At the time bowling was the Monday night event, and football ended that. Miller Brewing was a regional brand who advertised on Monday Night Football and become a major national beer brand. Scouting Scouting is all about elimination, never about finding. You have to create a set of criteria for players, a profile of the player you want. Just like the FBI creates profiles for criminals. You look for those traits on your profile list. You know what you're looking for and have a system for finding that player. You eliminate the players who don't fit the profile to whittle it down and find the right player. It's not random or chaotic but an organized system of picking players. What are you looking for in a QB? Per Mike, the QB has to have instincts and can play the position. Also needs to be a leader and have a work ethic. The QB must be the hardest worker on the team. With those instincts the quarterback has to see what others don't see on the field. Good quarterbacks are born with these instincts. Seg 4 – Interview Replay from early 2023 Clip from - BRT Entertainment – Sports Business w/ Rick Horrow, Aliens & X Files w/ Nick Pope, + Hollywood w/ Corbin Bernsen - BRT S04 EP09 (171) 2-26-2023 ABOUT RICK HORROW Rick Horrow, one of the pioneers who has shaped the sports industry since 1972, has brought together over 100 industry leaders with insights on the history and future of the industry in his new book, The Sport Business Handbook: Insights from 100+ Leaders Who Shaped 50 Years of the Industry, published by Human Kinetics and now available at Amazon.com and other bookstores. As CEO of Horrow Sports Ventures, Horrow has been the architect of more than 100 deals worth more than $20 billion in sports, performing arts, and other urban infrastructure projects. Horrow pioneered the public/private partnership and infrastructure branding concepts that, to date, has enticed more than $4 billion in corporate funding to cities and development projects. Horrow's clients have included the NFL, NHL, Major/Minor League Baseball, U.S. Polo, PGA Tour, NASCAR, Great White Shark Enterprises (Greg Norman), Ladies PGA, Professional Golf Association, Major League Soccer, plus multiple pro sports teams in Baseball and Basketball He has been a key player in stadium, arena, and speedway deals in NYC, LA, Chicago, Miami, Orlando, Boston, Denver, Seattle, San Fran, Phili, Detroit, Cleveland, and many other cities. Horrow has also brought sports and entertainment ventures into Brazil, Argentina and Trinidad & Tobago, among others. ARTICLE FROM MORNINGCONSULT.COM ON PREDICTIONS, STORYLINES & EVERYTHING ELSE THE SPORTS INDUSTRY IS WATCHING IN 2023 https://morningconsult.com/2022/12/21/2023-lookahead-predictions-for-the-sports-industry/ ARTICLE FROM SPORTSPROMEDIA.COM ON MLB REJECTING SPORTS BALLY SPORTS' STREAMING PROPOSAL https://www.sportspromedia.com/news/mlb-diamond-bally-sports-rsns-streaming-tv-rights-bankrupt/?zephr_sso_ott=3tmk9Z Notes – Rick Horrow sports professor, book sports business handbook Major cities want to have sports franchises from the big four. They want to attract big sporting events like golf tournaments, business conventions, the Super Bowl, college bowl games, or an Amazon shipping site. This has a huge economic impact for a city, plus it gives it constant media and PR when events are located at that city. For example Phoenix is hosting the Super Bowl, and phoenix gets mentioned hundreds of times in a week on TV or thousands, and millions on the Internet and blogs. It is very difficult to buy the type of PR that you get from media coverage on the big events. This is why cities like Miami, Dallas, Los Angeles, San Fran, Vegas and Phoenix are always being talked about is destinations. There is a lot of coordination involved along with public investment to get these major events at a city. The governor is involved, county people, and the mayor who usually takes the lead. Cities have departments of economic development specifically for these tasks. It requires often a vote from the public, as well as public investment. What is going to be the ROI on having an event. What type of tax revenue do you get from travel, visitors, and hotels. On top of that there is community pride, so then people want to move to that city. Rick is the editor of the sports handbook, and had numerous sports figures write a chapter, and also Coach K wrote the forward. He worked with Jerry Colangelo, Paul Tagliabue former NFL commissioner, Ryan Anderson of ASU fame, and Derek called of the baseball Diamondbacks. Sports, sporting events and even events around sports have become a CTV. An example of this is the NFL draft or the NFL combine. Sports transcends TV, and becomes a worldwide global event. Radio city music Hall in New York used to host the NFL draft every year. They let that deal lapse and now the NFL draft is a traveling tour every year. NBA free agency, NFL free agency, has made these sports year-long events. People talk about the trades and the draft often in the off-season. In 2010 it was a major TV event on ESPN called the decision when the LeBron chose the Miami Heat in free agency. Full Show: HERE Seg. 1 – Pete Rozelle and the History of TV & the NFL https://en.wikipedia.org/wiki/Pete_Rozelle Alvin Ray "Pete" Rozelle (/roʊˈzɛl/; March 1, 1926 – December 6, 1996) was an American businessman and executive. Rozelle served as the commissioner of the National Football League (NFL) for nearly thirty years, from January 1960 until his retirement in November 1989. He became the youngest commissioner in NFL history at just the age of 33. He is credited with making the NFL into one of the most successful sports leagues in the world.[1][2] During his tenure, Rozelle saw the NFL grow from 12 teams to 28, oversaw the creation of large television-rights deals and the creation of Monday Night Football in 1970, oversaw the 1970 AFL–NFL merger and the creation of the Super Bowl, and helped the NFL move from a twelve-game schedule to a sixteen-game schedule. By the time of his retirement, many people considered him the most powerful commissioner in sports.[3] He was inducted into the Pro Football Hall of Fame in 1985. History of the NFL on TV https://en.wikipedia.org/wiki/History_of_the_National_Football_League_on_television Later in 1955, NBC became the televised home of the NFL Championship Game, paying $100,000 to the league. The 1958 NFL Championship Game played at Yankee Stadium between the Baltimore Colts and the New York Giants went into sudden death overtime. This game, since dubbed the "Greatest Game Ever Played," was watched widely throughout the country and is credited with increasing the popularity of professional football in the late 1950s and early 1960s. CBS began to televise selected NFL regular season games in 1956. By 1959, big-market teams such as the Bears and Giants had all their games televised, but small-market ones like the Packers and 49ers still did not. Upon becoming NFL commissioner, Pete Rozelle worked to ensure that every team got all its games on TV. Super Bowl 1 The first AFL-NFL World Championship Game was played on January 15, 1967 between the NFL champion Packers and the AFL champion Chiefs. As CBS held the rights to nationally televise NFL games and NBC had the rights to broadcast AFL matches, it was decided that both would cover that first game. The next three AFL-NFL World Championship Games, the initial Super Bowls, were then divided by the two networks: CBS broadcast Super Bowls II and IV while NBC covered III. Monday Night Football ABC also agreed to televise one regular season game per week on Monday night. ABC aired its first edition of Monday Night Football on September 21, 1970. MNF pushed the limits of football coverage with its halftime highlights segment, occasional banter from Howard Cosell and Don Meredith, and celebrity guests such as John Lennon, Arnold Schwarzenegger and Bill Clinton. During its 36-year run on ABC, Monday Night Football consistently ranked among the most popular prime time broadcasts each week during the season. https://en.wikipedia.org/wiki/Heidi_Game The Heidi Game or Heidi Bowl is the name given to a 1968 American Football League (AFL) game between the Oakland Raiders and the visiting New York Jets. The contest, held on November 17, 1968, was notable for its exciting finish, in which Oakland scored two touchdowns in the final minute to win the game 43–32. However, a decision by NBC, the game's television broadcaster, to break away from its coverage on the East Coast to broadcast the television film Heidi caused many viewers to miss the Raiders' comeback. https://www.hollywoodreporter.com/tv/tv-news/how-much-broadcast-networks-depend-sports-1235143456/ How Much Sports Matter (or Don't) to Network Viewership Fox and NBC got more than a quarter of their primetime audience this season from live sports, while ABC and CBS are less dependent. 5/2022 Fox is on pace to finish third in total viewers among the broadcast networks this season, with an average primetime audience of about 4.7 million viewers. The network can thank its various sports rights packages — the NFL and Major League Baseball chief among them — for that position. Stripping out sports from Fox's primetime ratings for the season would put the network at under 3 million nightly viewers — 2.96 million, to be precise. Fox is something of an outlier among its fellow broadcasters, Nielsen data from the last two seasons show. NBC also owes a sizable portion of their viewership to sports, while ABC likes to tout its viewership independent of it. CBS occupies something of a middle ground. Nonetheless, the outsized effect sports can have on network audiences speaks to why rights to such programming have skyrocketed in recent years. With live sports consistently the most reliable way to get people to watch linear TV (and the commercials that come with it), networks pay hefty premiums to secure those rights and the audiences that tend to follow. https://www.americangaming.org/resources/how-much-does-the-nfl-stand-to-gain-from-legal-sports-betting/ The NFL's annual revenue may increase by $2.3 billion a year due to widely available, legal, regulated sports betting, according to new AGA research. The study analyzes the revenue streams that legal sports betting could generate for the NFL: revenue as a result of spending from betting operators on advertising, data and sponsorship, and revenue generated as a result of increased consumption of the league's media and purchasing of products. https://www.sportsmanagementdegreehub.com/fantasy-football-industry/ Fantasy football is an $18.6 billion market.That's $6 billion more than the current estimated NFL revenue, and 4.5 times the current value of the NFL's top flight team, the Dallas Cowboys. In other words, fantasy football might be more valuable than the real thing. https://www.statista.com/statistics/193457/total-league-revenue-of-the-nfl-since-2005/ Total revenue of the NFL 2001-2022 In 2022, the 32 teams of the National Football League (NFL) generated a total revenue of approximately 18.6 billion U.S. dollars, which was an increase of over one billion U.S. dollars from the previous year.Sep 5, 2023 https://www.statista.com/statistics/615678/nfl-national-television-broadcast-deals/ Annual value of NFL national TV broadcast deals in the U.S. 2023 Published by Christina Gough Aug 31, 2023 As of August 2023, ESPN/ABC's deal for exclusive rights to broadcast Monday Night Football was worth an average of approximately 2.7 billion U.S. dollars annually. This deal, which could last until 2032, was the largest among NFL broadcasting packages in the United States. The second most lucrative deal was Fox's package for Sunday NFC, which had an annual worth of nearly 2.3 billion U.S. dollars. https://www.foxbusiness.com/sports/nfl-worth-revenue-team-values While it's difficult to place a valuation on the NFL as a whole, the league's 32 franchises were worth a combined sum of more than $91 billion as of last September, according to Forbes. The average NFL franchise has a valuation of $2.86 billion, up 11 percent compared to one year ago and higher than the average valuations in Major League Baseball, the National Basketball Association and the National Hockey League. The Dallas Cowboys are the most valuable NFL franchise, with an estimated valuation of $5.5 billion and $950 million in annual revenue. The Buffalo Bills are the least valuable NFL franchise, with an estimated valuation of $1.9 billion. More on Sports Gambling – Sports Gambling is Legal in AZ & Beyond w/ Adam Candee - BRT S02 EP19 (66) 05-09-2021 What We Learned This Week AZ legalized sports gambling 4/2021 & develop rules to start in the fall of 2021, will have similar setup to Nevada & tax rate of 6.75% Low margin business – lots of data from NV, 55% win rate by sports book and then taxes NJ legal battle, Supreme Court in 2018 - ‘Pasba' struck down Federal ban, now a state matter, and states can legalize sports gambling (vs Federal law 1992 – only in Vegas) Sports book will be inside US arenas, just like in Europe Big Players – Caesars, MGM, Fan Duel, Draft Kings, Betfair, Sky Bet, Penn National Gaming & Barstool Sports Full Show: HERE Sports Themed Show: HERE ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional
Built to Fail: The Inside Story of Blockbuster's Inevitable Bust w/ Alan Payne BRT S04 EP34 (197) 8-27-2023 What We Learned This Week: · Blockbuster started in 1985, and scaled quickly after Wayne Huizenga purchased it in 1987, 10,000 stores at its height, dominant video rental co. · Alan Payne instituted the Video Rental model of HEB to the Blockbuster franchises he ran – segmented movies to rent new ones for more · Wayne Huizenga was a stellar Founder who built 3 fortune 500 companies – Waste Mgmt, Blockbuster, and Auto Nation · Viacom purchased Blockbuster in 1994 for $8.4 billion, and went on to lose 75% of the value over the next decade + · Competition was fierce from Hollywood Video, Redbox and then in 1997 by a new DVD rental by mail company called Netflix · Netflix scaled into the internet company it always wanted to be with streaming in 2009 Guest: Alan Payne Alan Payne spent thirty-one years in the movie rental business, the last twenty-five of those as a Blockbuster retail franchisee. He took over a small group of Blockbuster stores in 1993 and grew it into one of the largest and most successful chains in the company. He finally closed his last store in 2018, more than eight years after Blockbuster filed for bankruptcy. Book: Built to Fail: The Inside Story of Blockbuster's Inevitable Bust From the Back Cover Blockbuster was phenomenally successful in its early years and made thousands rich beyond their wildest dreams. But it was consistently outsmarted and outmanaged by smaller companies. And the challenges began earlier than you think--long before Netflix was even an idea in the minds of founders Reed Hastings and Marc Randolph. Blockbuster became one of the most iconic brands in the history of American business, but it cracked at the first sign of a challenge. From its founding, Blockbuster was a company built to fail. Link: HERE Alan Payne Bio: Border Entertainment, LLC - 2000 to 2018 Founded a $34.2M franchise group with 41 independently owned Blockbuster stores. President & Chief Executive Officer Held complete P&L responsibility while managing executive team (CFO, VP of Product Management, VP and GM Alaska Division, VP and GM El Paso Division, VP and GM South Texas Division) with 750 employees. · Grew revenue to $34.2M with 41 stores located in Texas and Alaska. · Capitalized business with $14M debt and $3M in private equity investment. Investors received over 35% internal rate of return. Fully retired debt in 2012. · Grew sales 140% and profitability 190% during industry decline from 2000 to 2007. Expanded through same store sales increases, new store openings, relocations, and acquisitions. · Created proprietary management systems by gathering and analyzing data around financial and inventory performance. · Developed and implemented an aggressive real estate strategy, identifying heavily trafficked, high-volume locations. · Cultivated culture of loyalty, retaining employees during wind down. Alan Full Bio: HERE Blockbuster Video[5] was an American video rental store chain. It was founded by David Cook in 1985 as a stand-alone mom-and-pop home video rental shop, but later grew into a national store chain featuring video game rentals, DVD-by-mail, streaming, video on demand, and cinema theater.[6] The company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster consisted of 9,094 stores and employed approximately 84,300 people: 58,500 in the United States and 25,800 in other countries. Blockbuster – c/o Wikipedia: HERE Harry Wayne Huizenga Sr.[1] (/haɪˈzɛŋɡə/; December 29, 1937 – March 22, 2018) was an American businessman. He founded AutoNation and Waste Management Inc., and was the owner or co-owner of Blockbuster Video, the Miami Dolphins of the National Football League (NFL), the Florida Panthers of the National Hockey League (NHL), and the Florida Marlins (now Miami Marlins) of Major League Baseball (MLB). Wayne Huizenga – c/o Wikipedia: HERE Notes: Seg 1 Blockbuster was the premier video rental company in the 1990s. To put it in perspective how big they were, they brought in more revenue than theater ticket sales. To add to that, if a movie bombed in the theater, it could be saved by video rental. Also with the introduction of DVDs in the late 1990s, movie studios started doing direct to video movies that would be released in rental stores like Blockbuster. Pre-Internet was a different era for retail sales. In the 1990s you had huge retail companies like Blockbuster for rental movies, Tower records for CDs and music, and Borders for books. In the 2000s with the rise of the Internet, these businesses were all under attack. Netflix was growing with streaming, iTunes add streaming music, and Amazon was out selling borders with book sales. In the mid-1990s Blockbuster at its height was the dominant video rental store with 40% market share. Hollywood Video is their main competitor with 20% market share. Per Alan, half the weekly rental business was done on Friday and Saturday night from 7 to 10 PM. Blockbuster on weekends was the place to be, where the community was literally gathering for family night in movie rentals. There were new releases that came out every week and this section of the store was usually the most popular. With the introduction of the VCR circa 1985 the video rental business took off. There were tons of small mom and pop video rental stores. The business didn't really have to be run that well as the industry was exploding. Prior to this it was very difficult to see old movies. You had to have seen them in the past in the theater or wait for Network TV to air them. There was no control and very limited choices. With the onset of Blockbuster in 1985, the video industry became more organized and professional. Blockbuster also had 6000 movie titles to rent, and scaled fast, opening stores by the dozen+. Cost for Blockbuster to buy a movie was $70 per movie. They needed to rent the movie 20 times just to break even. Blockbuster stores count were 5500 stores in the US, 1000 were franchisees and then corporate owned 4500. Corporate stores were typically in the larger markets, while the franchises were in the mid and smaller markets. Seg 2 Alan bio, in the 1980s straight out of school he went to work for HEB grocery, the second largest grocery company in Texas and privately held. It was a $25 billion company run by CEO Charles Burt In 1986, with the rise of Blockbuster started with just 30 to 40 stores. In 1987 HEB grocery started in the video business using Blockbuster as a model. They would own single location stores that were about 5 to 7000 ft.² in size. H-E-B eventually opened 35 stores and was beating Blockbuster in sales had to head in the markets in Texas like San Antonio for example. A few years later HEB sold out to Hollywood Video and Hollywood Video went public. In 1993 Alan got into franchises of Blockbuster working with Prime Cable. The business was struggling as Prime was not a retail company. They had 8 stores in Alaska and 10 stores in El Paso, Texas. Alan instituted the H-E-B model and was able to turn the stores around. Blockbuster Business Model - Blockbuster legitimized the video business, and made it more professional than the original mom and pop stores that were not run well. Wayne Huizenga had bought Blockbuster early on when it just had 20 stores and he grew it fast. The formula was simple - all movies regardless of whether they were new or old or rented for three day at $3. The demand for new movies was huge. Blockbuster could've charged more renting new movies. Alan used the H-E-B grocery video model that was developed. Rent movies by the day and charge more for new releases. Older movie you could charge a $1 a day and people could keep the movie for 3 to 5 days. There was actually a lot of demand for older movies, and they were 15,000 movie titles of older movies in demand. Seg 3 Wayne Huizenga is a great CEO and businessman. He was the only man to build three fortune 500 companies, Waste Management, Blockbuster, and Auto Nation. Auto Nation was run by CEO Mark Jackson, and is the premier car dealership. Wayne admitted he was more interested in building the thing, not running things. He also went on to buy the Miami Dolphins in football in the 1990s, and start the Florida Marlins baseball franchise. Blockbuster stores were well run, attractive, and demand was high. Their franchise colors of blue black background and yellow Blockbuster writing on the sign were easily visible. They also picked very good real estate locations for their stores. In 1994, Wayne sold Blockbuster to Viacom for $8.4 billion. In just seven years, built valuation from 1987 to 1994 when built up the business for a return of hundreds of percent. He paid $15 million, and sold it for $8.4 billion. Viacom rolled the business into its total corporate structure and six years later they spun it off at a $1.5 billion valuation in six years, they lost 75% of the value of the business, it was poorly run. Viacom was a TV company with major networks like Nickelodeon run by Sumner Redstone. He wanted to get involved in the movie business and use the Blockbuster purchase eventually to get Paramont studios. Blockbuster when purchased was cash flowing $1 billion a year, it was making lots of money. Steve Berrard was named the CEO of Blockbuster after the Viacom purchase, and only lasted one year. Then Bill Fields was brought in as the second Viacom CEO of Blockbuster. Fields had a Walmart background, so he was hired for his experience in retail. He had no clue though how to run the video business. He also lasted less than one year, and the cash flow was starting to go negative. Seg 4 1997 the DVD was introduced and this would change the movie and rental business. DVDs were created to be sold direct to consumer. 1997 is also the year that Netflix started with their DVD rental business through the mail. In 1999, the video rental business peaked at $10 billion a year in revenues. Post 1999 thru 2006 sales were flat to small growth. 1997 Blockbuster got their 3rd CEO, John Antioco, who served as Blockbuster CEO from 1997 through 2007. He also had a retail background and marketing. He had been at Taco Bell briefly, and prior to that he spent 20 years at 7-Eleven. 7-Eleven is a huge retail store that's really about location and real estate. They sell gas soda beer and cigarettes. They are not known for being great in retail. One thing John did as the new blockbuster CEO which was good, he started to engage with the franchisees. In the late 1990s you were starting to see technology in the Internet slowly affect new businesses. When Netflix was created they always intended to be an Internet company, it just took them 10 years to get where they wanted to be. John running Blockbuster that stable to slow growth. He doubled top line revenue and doubled the amount of stores blockbuster had but the profit margins went down. Had its height in the early 2000s blockbuster at 5500 US stores and 3 to 4000 stores outside the US. Blockbuster at the typical business fix cost of rent labor and taxes, which were slowly increasing year after year. Gross margin is just the rental revenue minus the cost of the product. The cost of the DVD product have been cut in half by the early 2000s. DVDs were made cheaper as the movie business was trying to sell direct to consumer, and kill the rental business if possible. The rental business revenues started flattening out post 2005. Sell through business for DVDs from movie studios was increasing every year, and had tripled in just a few years in sales. In theory, Blockbusters gross margin should've gone up but instead was declining. They had the Proto typical business math problem of high costs and not enough sales. The Great Recession of 2008 was really the beginning of the end for Blockbuster. By 2010 blockbuster and filed bankruptcy. It was the end of an era of a very strong stable business at one point for video sales rental. Seg 5 – Bonus Netflix started in 1997, with a business model of DVD rental via the mail. Even though Netflix only had a small portion of market share, by 2004 blockbuster felt compelled to compete with Netflix on the video rental via sales but failed. Netflix originally did not have their subscription model. That model was added a few years in, circa 2007. In 2010, Netflix started adjusting their business model and experimenting heavily with streaming. The streaming business model for Netflix really didn't take off until post 2010. Netflix created their AI recommendation model. This taught their subscriber base how to enjoy titles. Netflix overall model was customer centric. If a customer liked comedy Netflix could recommend 10 more comedies to them. Another thing the customers loved was Netflix would release the full season of the TV series at one time. This created the streaming binge watch phenomenon. By contrast Blockbuster had tons of customer data but never did anything with that data. In theory Blockbuster could've been Netflix, and at one point almost bought Netflix. Netflix original niche was renting older movies with the recommendation model. Netflix also created the queue system. Netflix sent titles in a customer's queue of 20 movies and would control what movies the customer would get sent in the mail. In 1998, Blockbuster had to start a revenue sharing of profits with movie studios and this really hurt gross margin in the video rental business. Unit volume sales were not stable as time went on. Overall top line volume sounds was inconsistent. Blockbuster at one point tried the subscription model, but physically in stores. It failed for it did not work in an actual brick and mortar retail store. Blockbuster in the mid-2000s used gimmick solutions which never really addressed the fundamental problems that were happening. Reed Hastings of Netflix offered to sell the company to Blockbuster in 2000 for $50 million. Netflix wanted to join forces. Reed Hastings goal from day one, was to be an Internet company. Blockbuster was not able to work out the deal, so it never materialized. Reed Hastings of Netflix was a true founder and original. He had vision. Founders may not be the best operators all the time, but they must have vision. There are some founders though who not only have vision, but also can be an operator. Examples are Reed Hastings of Netflix, Steve Jobs of Apple, Mark Zuckerberg with Facebook. Wayne Huizenga was a founder, but not an operator. You go from the founder mentality to the operator mentality, but this never materialized in the history of Blockbuster. Overall, Blockbuster management never really understood the business they were in. They were in the customer business, but never really focused on the customer. This is how over the long term they were beat out by companies like Netflix, and even Amazon. Peter Drucker (famous business consultant) would ask the important question: ‘What business are you in?' – to understand who your customers are, what they need, and how to market and sell to your customer Postscript: Alan Payne closed his last blockbuster store in 2018, and then wrote the Built to Fail Blockbuster book. He does not know what his next endeavor is…. If you enjoyed this show, you may like: BRT Marketing: HERE BRT Business: HERE More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
How to Achieve Financial Security Control Taxes, Assets, & Income Wealth for Life - BRT S04 EP32 (195) 8-13-2023 What We Learned This Week · Financial Security is about control, but how do you gain control? · People face 3 Risks – Market, Tax, Capital · Stock Market is volatile, and cannot control if it goes down, lose $ and time waiting for a recovery · Taxes are one of the biggest expenses during your earning years, and will not go down if you are a high income earner · Control 3 Things: Taxes, Assets & Income · Invest in the right kinds of Assets that offer tax write offs and income streams – real estate, businesses · Taxes are guaranteed to drain wealth. If you can pay a 20% tax rate versus 40% you will have a lot more money working for you. Co-Host: Denver Nowicz, President - Wealth For Life http://wealthforlife.net/ https://twitter.com/denvernowicz Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing'. Notes: Seg 1 Financial security is about control, but how do you gain control? Market Risk - market goes up and down, when you lose money on a downturn, you have to wait for the market to rebound. You also lose time. Taxes what most people don't realize about a 401(k) is that 20 to 30% of the account is going to go to taxes. Taxes are your biggest expense in retirement. Any gains in the 401(k) is taxed at ordinary income rates. Top 10% income earners in the country saving a 401(k) is not going to be in a lower tax bracket. The top 10% of income earners in the US pays 70% of all federal taxes. Savings Balance - you cannot save as much if you're experiencing market losses plus a high tax rate. 90% of all financial advice is to save money and put it in a 401(k). This advice does not apply as much if you are a top 10% income earner. You need to have a game plan. It is difficult to predict where the market will go as no one can predict the future. The only thing you can do is prepare better. Control 3 Things: Taxes, Assets & Income If investments have a 20% loss every year how much would you focus on that? This is what is happening with taxes, your money is taking a 20% loss every year. If you want to truly grow wealth you must master the tax code. This is how you can go from the top 10% in income to the top 5% or up. Seg 2 Control 3 Things for financial security, taxes, assets & income The goal is to build multiple streams of income. Have assets write offs and other investment options. Taxes is the biggest expense in your earning years and likely in retirement. As you earn upwards of $500K a year or even 1 million, taxes will be your biggest impediment. The all in tax rate at $150K a year is 30%. If you start earning a $250K a year it is about 35%, and $500K and current year it is 40% +. Bottom line, if you're in the top 10% taxes are our expense. You want to own assets to cut taxes – examples: real estate, business, putting money in foundations Over a five year span, if you save $50,000 a year that's a total of $250K. If you double it goes to $500K. So if you lose $50K a year in taxes at is the equivalent over time of losing $500K or even $1,000,000+ compounded. Control assets, you can use leverage to scale wealth. Majority of high income earners in the US own a business. Businesses have many advantages, besides just the income that you can earn there's also tax write offs and other advantages. Build income streams through insurance strategies, annuity income, bond portfolios, dividend earning stocks, even CDs. Layer up income streams. Use tax bucket strategy plus income streams. Build a defensive set up, and over the long term you'll have more money to invest and be offensive taking advantage of opportunities. Stock market is very popular because it is liquid. Very easy to get in and out of stocks. But it also has risk and can be very volatile. Investments in businesses and real estate are illiquid, harder to get in and out but can have more long-term advantages and tax advantages. More Info on WFL and Tax Free Matching: HERE Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life Link to Taxes Show on 10/31/2021 w/ Denver: Here Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here Link to Shows, Denver was a Guest: Here Investing Topic: https://brt-show.libsyn.com/category/investing More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Market Cycles, Risk, & Ben Graham's Intelligent Investor - Finance Lessons from BRT BRT S04 EP29 (192) 7-23-2023 What We Learned This Week: · Mean Reversion & Market Cycles – Asset prices do not go up forever, but rather fluctuate Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free' money Interest Rates – Don't Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Wealthy own Assets, Business, Real Estate, Stocks are the best and most popular The Intelligent Investor Ben Graham's teaching, and seminal investing book - Ch. 8 on Mr. Market, & Ch. 20 on Margin of Safety Notes: Seg. 1 MB on Mean Reversion & Market Cycles Mean Reversion – Mean Reversion, or reversion (or regression) to the mean, is a theory used in finance that suggests that asset price volatility, and historical returns eventually will revert to the long-run mean or average level of the entire dataset. Prices do not go up forever, they tend to level out over the long term. This is why so many investors monitor the 52 week High / Low average of a stock, and how it is trailing. Many stocks will go up 5, or 10 – 20% in a year, and then go back down – whether because they are cyclical, a ‘hot buy', scandal with the Co., or market circumstances, etc. Market Cycles, also known as stock market cycles, is a wide term referring to trends or patterns that emerge during different markets or business environments. During a cycle, some securities or asset classes outperform others because their business models aligned with conditions for growth. Market cycles are the period between the two latest highs or lows of a common benchmark, such as the S&P 500, highlighting a fund's performance through both an up and a down market. Market Cycles, are common as economic phases rise, then fall. Think of this like a like a Pendulum, and pay attention to how they are moving currently. A great example is a Recession, where the market is down for 6 to 10 months, and stocks are all falling. As the economy comes out of the Recession, there are many opportunities for buys of the stocks of good companies that were down from the Recession, but now are rebounding. Mean Reversion – companies or stocks go down over time, because completion comes after the main players in a an industry and chip away Seg. 2 Replay Clip with Drew Niv on Risk Guest: Drew Niv, Trader Tools & former Forex Trader LKIN: https://www.linkedin.com/in/drew-niv-123812160/ Drew Niv had a 20 year career in trading and FX (currency) markets. He founded one of the largest Forex trading companies on Wall Street, took it public (IPO), managed hundreds of staff, and oversaw $ billions in daily trading. Currently he runs a bank software company called Trader Tools, that specializes in FX markets. - https://www.tradertools.com/ Drew Niv is a Strategic, Technology Savvy, and Detail-Oriented Board Member and Global Business Executive with a history of award-winning performance as a visionary leader. Founded company that disrupted the FX industry, resulted in retail FX becoming a major factor of the global FX market. Developed breakthrough technology that enabled customers to transact spot FX at 70–90% less cost than the largest exchanges and ECNs. He has forged strategic partnerships with 1,000 institutional customers, including major hedge funds, all large banks, and other brand name financial institutions, both domestically and globally. Market is very sensitive to interest rates. The Fed establishes interest rates. Interest Rates set the tone for the entire financial industry, from business lending, to stocks, bonds, banking, insurance, investments, mortgages, etc. Market Fundamentals are always valid, and post 0% rates, and current high inflation, become even more valid. Pension plans and insurance company's returns will be affected by interest rates. They are looking at minimum rates of 4 to 5%. Interest rates have been low, near 0% for a number of years. It is tough to get Treasury bills when only at 1%. Companies were forced to chase return and take on more risk by acquiring corporate bonds and stocks. Investor mentality was not challenged at times for the last few years. Hard to know what a good investment is at 0% interest rates. Money was cheap, so people were investing in numerous things, borrowing $, and taking chances. We saw the rise of the Pandemic stocks in 2020 with companies like Carvana, Peloton, and different crypto assets. These all turned out to be bubbles, and wound up flopping in 2022. The crypto market has seen 90% shrinkage. Some companies go bankrupt, while others are acquired at $.10 on the dollar. Investment philosophy 101 - you compare all investments that have risk to a risk-free investment. Treasury Bills are considered risk-free investments where with very little risk, you can get 3 to 5%. If you are going to buy a stock by comparison, and take on more risk, you have to be paid for taking on that risk. A stock could have 10 to 20% downside risk, vs a T Bill which has almost no downside risk, the government is a good bet. The two-year treasury bill is at 4% annually. Professional investors always look at the risk/reward ratio. Whenever you look at an investment, you have to consider the duration, the type of asset, and what you want to benchmark it against. Example: you invest in Apple, are they a credit risk? What is the ROI? The return on an investment should be better than treasury bills, accounting for the potential downside risk of 10% (or more). Inflation causes the economy to weaken. Housing prices decline like other assets. In 2023, inflation should go down. This assumes the Government doesn't spend too much money, in which case inflation stays the same. The Fed is raising rates to bring asset values down. In the current environment, 2023, savers will be rewarded. This is similar to from the 1980s to the 1990s where you could actually earn interest on saving money. With low interest rates from 2005 to 2020, savers were punished. 2023 will be the return of the saver. Cash will be king. Valuations are collapsing, see tech stocks, crypto, and maybe housing? Psychology of the Investor – The investor currently still remembers the highs of the last few years. As they sell off and get out of the market (expecting a recession), their viewpoint slowly changes. Typically recessions last 2 years, and this is considered short. But it takes years for investors to regain confidence and jump back into the market. Historically market timing is tricky. In the current environment you want to reduce exposure to assets. Go to the Federal Reserve website to look at the history of housing prices. The last decade has seen an unprecedented climb in the price of housing assets - https://www.stlouisfed.org/ Mean Reversion is setting in, this happens with assets. What goes up, must come down. A retracement in valuations of assets. When you look at housing and regional markets some values are even higher, ie: the Sun Belt like Florida or the southwest. Things that are illiquid assets, lower to the reset value, it's different than last time. Illiquid is the state of a security or other asset that cannot quickly and easily be sold or exchanged for cash without a substantial loss in value. Non-bank lenders will be hurt. Examples of this might be an insurance company, mortgage co., venture capital or private equity. Full Show: HERE Seg. 3 Replay Clip of Denver Nowicz talking Assets and why Own a Business Co-Host: Denver Nowicz, President - Wealth For Life https://wealthforlife.net/brt/ https://twitter.com/denvernowicz Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing'. Businesses are usually the largest asset class of the wealthy. Options are starting your own business, buying a turnkey type business, like a franchise, or buying an established business thru acquisition. Businesses might be physical like a traditional brick and mortar store or a digital businesses which are online businesses. When you're earning a high W-2 income you are punished by the tax code. If you want to make more money and grow your business you improve the systems and then invest in different types of assets. Digital businesses are very good because they have low overhead, low expenses. Examples would be an educational course, consulting or a mastermind group. Once you start earning over $500K to $1 mil+ , you need to be thinking very carefully about tax strategies. You want to figure out ways to redirect capital from the IRS to better assets that assist you. Examples could be charities, or real estate. Active tax strategies, find good accountants and asset protection attorneys who can create a proactive strategy. If you own a business that can make an extra $50,000 a year in income, that is the equivalent of owning a $1 million stock portfolio giving off 5% a year in dividends or owning a $1 million property giving 5% in rental income. To have a good tax protection do you want to get away from W-2 income, create businesses with write offs with LLCs and expenses, and also mix in real estate. Full Show: HERE More - Assets Show: HERE Wealth for Life Topic: HERE Seg. 4 MB on Ben Graham's teaching and seminal investing book, The Intelligent Investor (c 1949), & review of the 2 main chapters - Ch. 8 on Mr. Market, and Ch. 20 on Margin of Safety Ben Graham was an economist, professor, and investor. He is also known as the Father of Value Investing, and the author of Security Analysis, and The Intelligent Investor. He stressed fundamental analysis of securities (stocks), investor mindset, focused investing, and ‘buy and hold'. He was Warren Buffet's professor, one time boss, friend and mentor. More: Here Buffet – Rule #1 Never Lose Money, Rule #2 Remember Rule #1 Ch. 8 - The Investor and Market Fluctuations / aka – Mr. Market Parable Ch. 20 - Margin of Safety as the Central Concept of Investment Stocks are a piece of ownership of a company, not just some piece of paper. You have to be able to value the company to determine if the market is selling you the stock at a discount, or if it is over-valued. A good investment is based on the price you pay for it. A good stock can be over-priced, and a bad stock can be a good buy if the price is depressed enough. You make money when you buy (what you pay). Mr. Market is very emotional, and changes his mind daily. Sometimes he makes you an offer on a stock that is silly, and other times he offers a stock at a deep value, at a low price. This is when you should buy. It is all about psychology, discipline and patience. Margin of Safety is the idea to buy stocks with a defensive mindset. Buy it cheaper than the value, so if your valuation was off, you give yourself room for error. You have to do detailed fundamental analysis to determine if a stock is over or under valued. Then you hold until the stock, ride out the fluctuations until it rises to its true value. Full Show: HERE Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement More 'Best of Investing': Here ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
TV Tales of The Unbreakable Jay Glazer to Creating Competition Shows from American Ninja Warrior to Hell's Kitchen w/ Arthur Smith BRT S04 EP28 (191) 7-16-2023 What We Learned This Week: · Jay Glazer's Unbreakable mindset gets him thru ‘the gray' of his daily life, working on his mental health · Arthur Smith's describes Reach as striving for our full potential to create amazing things · Creation of TV Classics like American Ninja Warrior & Hell's Kitchen Guests: Jay Glazer is a TV personality and National Football League (NFL) insider for FOX Sports' award-winning NFL pregame studio show, FOX NFL Sunday. The entire cast, including Glazer, became the first sports show inducted into the Television Hall Of Fame in 2019. He was one of the first ever minute by minute breaking online news reporters in the NFL, first for CBSSportsline.com in 1999, followed by FoxSports.com. In 2007, Glazer created the first mixed martial arts training program for pro athletes in America and has trained over 1,000 pro athletes. In 2014, he co-founded the Unbreakable Performance Center, a private training facility frequented by Wiz Khalifa, Chris Pratt, and Demi Lovato, as well as numerous NFL, NHL and MMA athletes. Glazer starred as himself in all five seasons of HBO's Ballers. In 2015, Glazer and former U.S. Army Green Beret Nate Boyer founded the charitable organization MVP (Merging Vets and Players) to assist combat veterans and former professional athletes, who often faced a tough road adjusting to civilian life. https://www.unbreakableperformance.com/ Arthur Smith, the chairman of A. Smith & Co. Productions, is a pioneering veteran of nonfiction television, known for creating and producing some of the longest running unscripted series in history, including Hell's Kitchen and American Ninja Warrior. Smith was honored as one of Variety's “Titans of Unscripted TV” in 2022, inducted into the Realscreen Awards Hall of Fame in 2021, awarded Broadcasting and Cable's “Producer of the Year” in 2020, Nominated for several Emmy Awards, and received dozens of awards, including NAACP Awards, Realscreen Awards, and Critics Choice Awards. Smith embarked on his career in television as a twenty-two-year-old wunderkind, talking his way into sports production at CBC in his native Canada. He quickly distinguished himself as a rising star at the network, where he produced three Olympic Games among countless other high-profile events. At the age of twenty-eight, Smith was named the youngest ever head of CBC Sports. His successful run at the network ended when American broadcasting icon Dick Clark lured him to Hollywood to develop and produce a wide variety of entertainment programming. Then as the head of programming and production at FOX Sports Net, Smith played an instrumental role in the launch and growth of this massive entity, before the biggest reach of his life—the creation of his eponymous production company that has thrived for more than twenty years. He lives in Los Angeles. In REACH: Hard Lessons and Learned Truths from a Lifetime in Television (Blackstone Publishing, June 6, 2023), Smith shares adventures, triumphs, and hard-won lessons from his astonishing career, beginning with his unprecedented ascension from the ranks of sports production to become the youngest ever head of CBC Sports. Never one to rest on his laurels, Smith then moved from Canada to the United States to produce a wide variety of entertainment programming with his mentor, television icon Dick Clark. Years later, he spearheaded an entirely new approach to sports television at FOX Sports Net, helping to grow the fledgling business into a true industry powerhouse. In 2000, Smith made the biggest reach of his career with the launch of A. Smith & Co. Productions which has produced over 200 television shows on more than fifty networks. Across genres, formats, and platforms, Smith and his A. Smith & Co. team have earned reputation for original, emotional, buzz-worthy, and deeply personal storytelling. In these pages, Smith takes us behind the scenes of dozens of pivotal moments in sports and television history, ranging from the high intensity control room at the Olympics to the development of The Titan Games with Dwayne (“The Rock”) Johnson. We learn about a show that never was with Donald Trump, as well as a super-far-fetched idea that became the bizarro-classic genre-buster I Survived a Japanese Game Show. Through winning anecdotes involving a disparate cast of famous characters, including Marlon Brando, Gordon Ramsay, Magic Johnson, Little Richard, Wayne Gretzky, Simon Cowell, and Microsoft cofounder Paul Allen, Smith illustrates just how far you can go when you work hard, take risks, and reach for your dreams. https://www.asmithco.com/ https://www.linkedin.com/in/arthur-smith-91ba76b/ Seg 1 Interview w/ Jay Glazer about his new book, Unbreakable: In Unbreakable, Jay Glazer talks directly to you, his teammates, and shares his truth. All of his success from his screeching-and-swerving joy ride through professional football, the media, the fighting world, Hollywood, the military-warrior community, comes with a side of relentless depression and anxiety. Living in the gray, as Jay calls it, is just a constant for him. And, in order to work through the gray and succeed, Jay has to maintain an Unbreakable Mindset. With this book, you can: · Be of Service-help others and help yourself in the process · Build Your Team-give support, get support · Never Underestimate the Power of Laughter-never take yourself too seriously · Be Proud of Your Scars-our trauma makes us who we are Throughout Unbreakable, Jay will use his stories-featuring some of the biggest, baddest, and most fascinating characters in the public eye today-to show how he walks this walk, has learned that while the gray is very real, it doesn't have to define him. And it doesn't have to define you either. Jay takes readers on a behind-the-scenes journey, sharing never-before-heard stories about his own mental health that feature some of the most fascinating characters in the public eye today. The book offers honest, outspoken advice and insights gleaned from Jay's own fight against the dark forces of depression and anxiety, his decades-long journey to the top of sports-journalism and his traumatic survival of a near-death experience. From an unlikely friendship with Michael Strahan that opened the door to his big break inside the NFL sports reporting, to helping veterans fight for their lives in the gym and even playing himself on the hit HBO show Ballers, Jay has seen it all. His experiences acting as coach to musicians like Wiz Khalifa and Demi Lovato to award-winning athletes and some of the most powerful people in business have given him the ability to laugh at himself while keeping up the fight against his own mental health struggles. Seg 2 Interview w/ Arthur Smith about his new book, Reach: Arthur has been working in TV production for 30 years. He has produced sports and competition and game shows for major networks as well as worked at Fox Sports one. Famous shows he's created or American ninja warrior and Hells kitchen. He's also worked on the Olympics multiple times. Arthur's approaches simple you need to understand your audience. Do you wanna have in motion and whatever store you were telling to bring people in and make them feel some thing. Try to create storylines that appeal to everybody to gain a wide audience. American Ninja Warrior was a show of achievement, celebrating the contestants. It was a simple concept that makes you feel good. Arthur's worked on multiple Olympic Games. Worked on the 1988 Olympics which was very tough because the winter Olympics were in Calgary that year and the Summer Olympics were in sold. Olympics are very complex production with wide coverage. You have to find stories within the greater competition. The story of 1988 was the race of the Century with Ben Johnson versus Carl Lewis to determine who the fastest man in the world was. Ben Johnson won the gold and set a new speed record. Then later there was a scandal that Ben had cheated and he lost his medal. Arthur worked on a TV show with Jay Glazer called pros first Joe's. Where ex NFL players competed against average people. These competition and reality shows are the scripting of unscripted. Reality shows that are docudrama Or more scripted. What Arthur tries to do is more unscripted to get real stories. Takes an outline of their life type approach with you over shoot your footage and then find the stories. Seg 3 2004 who created Hells kitchen which is totally pioneer that type of competition food show. Prior to that there had not been a successful Netwerk food show, it did not exist. Hells kitchen brought celebrity chef Gordon Ramsay to major fame. Need a title and a star to build a new concept of a shell for fox. It was going to be a food show competition which chefs going through boot camps and then the competition. It was very authentic with 80 cameras in a studio built restaurant. In 2000 survivor was a big hit which created many copycat reality competition shows. This is the skeleton model for many shows. When they created Hells kitchen in 2004, the belief was that reality shows it becomes saturated and it would not work. They started on Monday night on a holiday weekend, the show took off and has been on for 22 seasons. Author Smith's book reach, it's symbolic because when you reach to find out what you're capable of. He has numerous stories of his adventures with celebrities through the years and creating TV shows. There's stories in the book about Gordon Ramsay, Dick Clark, the rock, numerous sports stars, and Rupert Murdoch of Fox fame. Arthur is giving the book proceeds to six different charities. It's called from here on out is to help young people create a career Seg 4 Arthur was working at the Fox sports Netwerk in the 1990s. Arthur was living in LA he had moved to sports from traditional TV. Then Fox Sports in the NFL deal was struck in the early 1990s. Rupert Murdoch knew how to build an asset in Netwerk. He needed the NFL to build Netwerk, he needed the asset. He overbid for the NFL got NFC football from CBS. Then he use the NFL to build the entire fox net work. Murdoch Murdoch had foresight. He understood that there's 500 channels and cable, and the TV is fragmented landscape. But with football you could still build ratings. Originally Fox only broadcast a few nights a week and was not on in multiple markets. But once they got the NFL they built out to a seven day a week Netwerk on all around the country. Live sports is still must see TV. Sunday night football is the highest rated weekly TV show. Rupert Murdoch Fox took big swings, big risks that can foul or yeah hit it bag. Rupert Murdoch also owns sky Netwerk in Australia. Just like the NFL he cut a deal with the Premier league soccer in England to air their sport. Arthur has a show template for competition shows that has worked multiple times. Show production process is very complex. Another show Arthur create it was a family game show called the floor is lava. Show is similar to the old nickelodeon kids competition shows. Arthur asked himself before creating a show how are you going to challenge people? What is the purpose of the show? American ninja first started it was on g4 TV. This was a gaming channel that doesn't even exist anymore. Eventually they moved up to NBC and started airing in prime time. It was a prime time obstacle course show. The athletes root for each other and usually there is no winner. It's all about men and women competing on the same course. Ninja warrior is based on Japanese show called the attempt. American ninja Warrior has grown beyond the show to merchandise, you see ninja birthday parties, ninja gyms. If you enjoyed this show, you may like: BRT Sports: HERE BRT Hollywood: HERE BRT Marketing: HERE BRT Business: HERE More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Show Open – Victor Wembanyama and Britney Spears incident. Another day, another boom for Ohio State. Damian Lillard latest. Big 12 voters don't respect the newcomers. Biggest storylines for second half of summer. Buckeyes is the summer league. LIV is trying hard to be interesting. What We Learned This Week. Marcus Freeman reflects on OSU comments a year later. Year two CFB coaches with most to prove.
Kenmore is Home Electricity Made Easy - Modernize the Smart Home from Appliances to the Electric Grid w/ CEO Sri Solur - BRT S04 EP19 (181) 5-7-2023 What We Learned This Week · Kenmore is home electricity made easy. Kenmore is on a mission to modernize the home. Live More & Live Better. Also need to make it Affordable. · Clean Tech goes w/ the smart home, smart appliances (that connect to the home) and the electrical power grid for better living Electrical Grid needs to be modernized – cannot handle the current & future power demands · Homes built Pre-1990 run on Electric Panels that are outdated – costs of $40K + to modernize to handle charging EVs at home · Design of the Future House would have a Battery in it that could recharge your appliances and electronics during down hours. · Solving problems in electricity and energy also have the same issues with working on better water and clean food. It is more than just an energy and electric issue. Guest: Sri Solur, CEO, Kenmore / Brands https://www.linkedin.com/in/solur https://www.kenmore.com/ Sri Solur, CEO, Brands Sri Solur is chief executive officer of brands for Kenmore at Transformco. An industry veteran with 25+ years of experience, Sri has a rich history of success leading high tech products and businesses. He previously served as CPO and GM at Berkshire Grey, a leader in industrial robotics, and was a member of the leadership team that took the company public. Sri also served as CPO at SharkNinja, and was instrumental in bringing the Shark IQ Robot vacuum and NinjaFoodi products to market, while also holding a leadership role to take the company public. Sri spent 20 years at Hewlett Packard, serving as founder and CPO of CloudPrint, the company's wearables and IOT business. In his career, Sri has created products for world-renowned brands including Hugo Boss, Movado, Ferrari, Juicy Couture, and more. Sri holds a bachelor's degree in Engineering from NIT and an MBA from Boston University. As Earth Day approaches (April 22), Kenmore is empowering greener homes and people. The trusted appliance maker recently unveiled a new “Home Electrification Made Easy” program that looks to simplify the electrification process and reduce overall costs in transitioning to electric appliances. Kenmore has set an ambitious goal with the program to electrify one million homes that will ultimately save homeowners one billion dollars over the next decade. Kenmore's innovation and energy programs are driving a new generation of electrification for today's home ecosystem. Some of the company's core innovations include: Expansion of electrification and smart products for every room in the home. Addition of electrification enablers, such as smart electrical panels and dynamic Level 2 EV chargers, that help eliminate roadblocks many homeowners have in wanting to electrify their entire home. Simplifying rebate and savings programs, such as Congress' Inflation Reduction Act, to help customers cut costs by taking advantage of available local and national funding and discounts. Building relationships with industry leaders in product, service and consumer education to supplement and amplify their mission to electrify American homes. This electric push comes as a new generation of homeowners seek to invest in smarter, greener home solutions and previous generations are coming up against new government standards making accessibility to like-for-like replacement equipment for their home obsolete. With Kenmore's electrification program delivering a quick onramp to affordable green energy homes, homeowners of all backgrounds and budgets have a more attainable path to smart, green home adoption. Notes: Kenmore CEO and Appliances Seg. 1 Major appliances and clean tech and sustainability energy security is a big issue on the macro end. The effect on the electric grid and power lines. There is lots of demand and potential blackouts. This is a fuel and demand issue. The government and utility companies are working on clean energy. Currently they use fossil fuels and working on using less. Design of the future house would have a battery in it that could recharge your appliances and electronics storing down ours. The electric layout of most homes, especially homes built pre-1990s has an 100 amp circuit. If you have modern tech like an EV charger in your house, an electrician cannot set it up because the EV charger will blow up your 100 amp circuit. It would cost you between $20 and 60 K to upgrade a house for a modern electric set up. Kenmore will install electric panel with load balance for EV vehicles and in-home appliances. Seg. 2 Electrical layout of a house as you install new appliances. There is a booster within the inflation reduction act. There are rebates for lower income people, where it pays you for getting new appliances. 10 K instant credit for new appliances. The comparison of older appliances versus new appliances. Many older appliances may run on fossil fuels like a gas range oven or gas water heater. Older HVAC unit has more wear and tear. On a hot days and really cold days appliances operate at peak and are putting demand on the electric red. Looking for new ways of sustainable clean energy and examples hydroelectric power. You would have a back up in high demand times, where are you fire up a generator running on fossil fuels. Do you want to protect the grid for maintenance but also things like cyber attacks. One way you could do this is make all homes standalone energy producers. Peak rates for electricity or 6 to 10 PM at night. At these times electricity use taxes the grid and also taxes your wallet. Do you want to run your dishwasher post 10 PM. Seg. 3 We are moving from a world of done by you to a world of done for you. The smart home of the future will help you. The electrical panel would work with the grid and decide when to charge electronics in your house. Kenmore has electric appliances that works with the electric red. These appliances save you money and also save the grid. On a bigger scale we need to modernize the electric road. Then in the future build better homes cars and appliances. Inflation reduction act has multiprong incentives for all of this. When we saw the bull run of tech starting in 2010 it had three things working together. Social mobile and the cloud all came together to create this tech rise. Do you need electricity plus clean energy plus clean water. A rising tide that can raise all. Do you want to solve problems, what are the pain killers? Seg. 4 CEO was an engineer by trade. Worked in Boston went to business school and after that he built some products. Worked at Altavista on firewalls and search. Cloud print on printing mobile with the HP e-print. Worked in wearables at Hugo boss and Ferrari. Worked at Comcast on Xfinity digital security and high-speed Internet. Worked with shark and ninja on home robots. Worked at Bershire Gray, consumer robots which went public with an IPO. Then at Brands / Kenmore (also Diehard batteries) - Building better and smarter appliances Span that I/O build a smart electrical panel. Do you want your appliances to give you repair and maintenance updates. Whole home electrification. A whole home dashboard controlling your smart home. An example would be your fridge would tell you when you need a new filter. Kenmore is a tech forward company. Solving problems in electricity and energy also have the same issues with working on better water and clean food. It is more than just an energy and electric issue. Live more and live better. Also need to make it affordable. Kenmore is home electricity made easy. rebates.kenmore.com they have the blue-collar work ethic with the idea of progress over perfection. Kenmore is a consumer centric team. Tech Topic: https://brt-show.libsyn.com/category/Tech More - BRT Best of Tech: Best of AZ Tech Council BRT of Tech 2022 BRT S02 EP52 (99) 12-26-2021 – Tech for the Holidays – BRT Thanks for Listening Please Subscribe to the Podcast Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Welcome back to another insightful episode of "What We Learned This Week"! This time, Jake and Drake discuss a topic that hits close to home for many creatives: the audacity of people who ask for creative work for free or in exchange for "exposure."Jake opens up about his personal pet peeve of being approached for unpaid work, while both he and Drake share their own experiences and thoughts on how this undermines the value of creativity and hard work. They also explore the damaging effects of the "exposure" trap on the creative community as a whole.Together, they talk about the importance of recognizing and respecting the worth of creative professionals.Don't miss this engaging and informative conversation with Jake and Drake, as they share their expertise and experiences in the creative field. Be sure to like, comment, and subscribe for more episodes of "What We Learned This Week"!Support the show Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Instagram ► https://www.instagram.com/wwltw_podcast/MERCH ► https://teespring.com/stores/wwltw-podcastSpotify ► https://open.spotify.com/show/4epTLOzxhwh5NYfGU4rxiuiTunes ► https://podcasts.apple.com/us/podcast/what-we-learned-this-week/id1459956595
Welcome back to another exciting episode of "What We Learned This Week"!
Welcome back to another episode of What We Learned This Week, this week we dive into the fascinating hobbies and hot topics that captured our attention! In this episode, Jake explores the intricate world of horology, Drake embarks on a literary journey through Stephen King's extensive bibliography, and we discuss the painfully cringeworthy exchange between congressmen and the CEO of TikTok.Leave a comment below to share your thoughts on Jake's horology journey, Drake's favorite Stephen King novels, or your own take on the TikTok saga. We love hearing from our viewers!Support the show Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Instagram ► https://www.instagram.com/wwltw_podcast/MERCH ► https://teespring.com/stores/wwltw-podcastSpotify ► https://open.spotify.com/show/4epTLOzxhwh5NYfGU4rxiuiTunes ► https://podcasts.apple.com/us/podcast/what-we-learned-this-week/id1459956595
Get ready for a wild ride as we turn back the clock in this nostalgia-packed episode of What We Learned This Week!
This week's episode of "What We Learned This Week" features Drake and Jake. In this episode, we take a deep dive into a new global trend that has sparked discussion in the United States about the possibility of a shorter work week. We also invite you to participate in a fun experiment by commenting #WSS on our social media platforms. Don't miss out on all of the exciting topics we cover in this week's episode of WWLTW!Support the show Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Instagram ► https://www.instagram.com/wwltw_podcast/MERCH ► https://teespring.com/stores/wwltw-podcastSpotify ► https://open.spotify.com/show/4epTLOzxhwh5NYfGU4rxiuiTunes ► https://podcasts.apple.com/us/podcast/what-we-learned-this-week/id1459956595
This week's episode of What We Learned This Week delves into the fascinating world of AI technology and its impact on our daily lives. Join us as we explore the latest developments in this rapidly advancing field and how they are changing the way we live and work.Don't worry it's not all technical jargon and data analysis - we also take a closer look at ethics. In fact, we pose a thought-provoking hypothetical scenario involving Willy Wonka (yes, that Willy Wonka) to stimulate discussion about a topic that DEFINITELY has nothing to do with any real scenarios happening in the world with real people. But that's not all - we're excited to introduce our newest segment, The Shame Chair! Join us as we take a lighthearted look at some of the week's biggest blunders and poke fun at ourselves (and each other) in the process.So tune in to What We Learned This Week for all this and more, as your favorite hosts take you on a journey through the latest trends and insights in the world of AI technology.Support the show Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Instagram ► https://www.instagram.com/wwltw_podcast/MERCH ► https://teespring.com/stores/wwltw-podcastSpotify ► https://open.spotify.com/show/4epTLOzxhwh5NYfGU4rxiuiTunes ► https://podcasts.apple.com/us/podcast/what-we-learned-this-week/id1459956595
We are back baby! After a long hiatus, the crew has come back together to bring you more of the show you know and love! That's right, What We Learned This Week is back in full force and we are ready to FSU. Thank you so much everyone for the warm welcome back and we can't wait to bring you along on our "Comeback" journey!Support the show Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Instagram ► https://www.instagram.com/wwltw_podcast/MERCH ► https://teespring.com/stores/wwltw-podcastSpotify ► https://open.spotify.com/show/4epTLOzxhwh5NYfGU4rxiuiTunes ► https://podcasts.apple.com/us/podcast/what-we-learned-this-week/id1459956595
Luck & Risk + How to Build a Crystal Ball - BRT – WFL S03 EP56 (155) 11-6-2022 What We Learned This Week 4 Kinds of Luck - Blind, Hard Work, Preparation, Reputation Crystal Ball - Read to get Data on Tech Trends Types of Risk - Interest Rate, Inflation, Play it Safe Market Risk - Buffet Rule # 1 - Never Lose $, how Mkt losses affect your portfolio & timeline Co-Host: Denver Nowicz, President - Wealth For Life https://wealthforlife.net/brt/ https://twitter.com/denvernowicz Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing'. Notes: 4 Kinds of Luck in Business In 1980, Bill Gates and Microsoft struck a software deal with IBM to create an operating system for their computers. This is considered the greatest business deal in history. Why? Not only did a then relatively unknown software company called Microsoft get its biggest customer ever, they also struck a non exclusive licensing deal to sell the same operating system to other companies. This deal put Microsoft on the map, while simultaneously flipping the future of these 2 major computer companies. Microsoft would one day supplant IBM in the industry. There are many details and conflicting stories to how this legendary deal went down. (For the Details: HERE) One thing is for sure, there was some luck involved. Bill Gates mother was on the United Way board, and knew the CEO of IBM, so a personal connection was established. When IBM first approached Gates, he connected them with Gary Kildall of DRI as he was the premiere software developer. But IBM and Kildall could not cut a deal, and IBM came back to Gates and Microsoft. On the other side, Microsoft had established themselves as a fast growing computer company by 1980, and had caught IBM's attention. It's BASIC software already had hundreds of thousands of users. Also the MS-DOS software turned out to be more compatible and cheaper then Kildall's software. When reviewing this deal, one can ask - Did they get lucky? Was it Skill that got the deal? Was it a combo of both? Maybe there different types of luck. Let's look at 4 Kinds... Blind Luck or Dumb Luck You just got lucky. You were in the right place, at the right time. This is nearly impossible to repeat, so cannot bank on this plan of action over the long term. Enjoy the benefits while you can, but limited lessons you can learn here. Luck thru Hard Work & Persistence You got lucky because of a compounding effect of consistent hard work over time. You are out there doing work, meeting contacts, providing value, etc. Then you post marketing content often, discussing your work and showing case studies. You also work with many different people, who you foster the relationship and they recommend you. This system can be replicated if one is willing to do the work. 'The harder I work, the luckier I get.' Luck thru Preparation, to Discover Opportunities You got lucky because you are the 'eternal student', always researching about your industry, or an adjacent one. Because of this you find the growing trends to take advantage of, or meet the contacts who open your eyes to a potential deal or new market. This system also can be replicated, assuming your have the intellectual curiosity to do deep dives on topics and meet the relevant people involved. Of course, you also have to do the work. 'Luck = Chance + Preparation'. Luck Because of Reputation You got lucky because you have been doing such good work for years that has provided you a stellar professional reputation as the go to guy. When someone thinks 'X', your name comes up. The question is asked, 'who is the best guy at X', and they contact you for help. This system is repeatable if you do the work to build your reputation ('it precedes you') thru years of good work and great results + promotion again. For more of this topic, go straight to the source: Dr. James H. Austin wrote a book (in 1978) breaking down the 4 kinds of Luck: Chase, Chance, and Creativity: The Lucky Art of Novelty. How to Build Your Own Crystal Ball Older people sit down and ask, ‘what is it?' But the Boy asks ‘what can I do with it.' Don't fall into an outdated mindset. Keep up with the trends. - Steve Jobs The best in business understand how to Anticipate the Future. They see the Train coming around the corner. Business and Technology trends are ever changing. To survive you must keep up with what has happened in the industry. More than anything this is a mindset of ongoing learning. Warren Buffett is an avid reader. He reads 4 – 5 hours per day looking for ideas. He's lucky if he finds a few good ideas in a year. This has been deemed his super power. If you want your own Crystal Ball to see the future, you need to be constantly researching and reading what is going on. From the internet to newsletters to conferences to books, there is no lack of options for where to find information. There are so many free blogs and newsletters to choose from on niche subjects of tech, VC, or crypto to name a few. If you need the deeper dive, find a paid subscription service doing research on an industry for business or investing. Get the Data. You need people who can provide you the intel about an industry. Insiders are the best source of intelligence. Build a Network of people ‘in the know' in an industry you want to know more about. If you need to know about a few industries, then make a few contacts, whom each represent an industry. You also need to form business partnerships so you keep learning and evolving. A change in an industry on the tech side, may also mean a financial change or legal change. A good team of Advisors (accountant, attorney, tax advisor, financial consultant, etc) can be invaluable as they deal with multiple clients and see things that may not currently be going on in your business. Disruption in tech and business is ever present. It is not uncommon for someone to change careers 2 to 3x in their lifetime. Being aware of the trends can help to make informed decisions of what is going on. Is the industry you are working in growing or dying? If the industry is on a downward trend, what industry can you jump to on the way up? Knowing what is going on industry wide and the tech trends can affect your career or business. Real World Example We will use the tech industry as an example on keeping up with trends, since it impacts so many other industries. Here are some Tips of where to get insights on the Tech Industry: Tech Trends to be aware of from a quick search on Google. Each of the below technologies overlaps in many industries today. Regardless if you work in tech, you have probably heard of many of them. Risk Playing it safe and taking no chances is still risky inflation risk if you are just holding cash and putting your money in the mattress, inflation eats away at the value of the cash and your purchasing power Think of your business as an asset class whether it is a digital business or a traditional physical business, the old brick and mortar Buy assets to fight inflation, as they appreciate over time Interest rate risk when the interest rate for loans rises, it cost you more to get money, called the cost of capital Dangerous to use credit cards as you have high debt with higher interest rates When interest rates go up it makes a mortgage more expensive and it's harder to buy a house Savers thrive in a high interest rate environments, and savers are punished in low interest rate times Higher interest rates hurts real estate, and business as it puts a strain on the industries. Again, cost of capital to get loans cost more because the interest rates is higher. On the flipside business or real estate is cheaper to buy in a depressed market, and the return on the asset over the long term is a good opportunity even if interest rates are higher. ROIC - return on invested capital - Ex: put $100K in investment and cash flow $50K a year over 5 years, means you put in invested $100K, & got $250K or a 2.5x ROIC Even in high interest rates, these investment numbers make sense The old adage don't jump over dollars to get pennies, monitor the big picture Insurance strategies have matching dollars like 3 to 1 tax-free matching, leverage can expand to your ROI Credit card co's, use debt to buy things, inflation and higher interest rates help Market Risk and Market Volatility Can be hard to handle emotionally, as market losses Mount. We're always told to not be emotional about investments but it's very hard. A lot of people just invest in the stock market they hope one thing happens buy low and Sell high as long as the stock appreciates everything will go OK we're banking on appreciation only From 2010 to 2020 this was a good strategy, as the market was great, up 329%, but from 2000 to 2010, the market had almost a 0% return 2000 to 2020 – up 304%, or 6.74% per year Can you trust traditional stock market returns? You need defensive assets to have balance In 2022, you lost 50% if you owned tech stocks, Facebook stock has lost 70% How long is it going to take to get it back? Wealthy do not want to go backwards, they have a percentage of their portfolio in stocks, with an overall portfolio of multiple assets Buffett Rule #1, never lose money, Rule #2, remember Rule #1 Your advisor should know asset classes Incorporate an insurance strategy with principal protection Focus on 2 to 3 items in your protfolio Best return is on your core business, returns will probably be better than what you get in the market Break up your assets into: businesses, stocks, real estate, insurance strategies Entrepreneurs think different, as entrepreneurship is not really about recessions Recession is not a common topic, as entrepreneurs are always looking for where the opportunities and trends are heading More Info on WFL and Tax Free Matching: HERE Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life Link to Taxes Show on 10/31/2021 w/ Denver: Here Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here Link to Shows, Denver was a Guest: Here Investing Topic: https://brt-show.libsyn.com/category/investing More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
In hour 4: Has The Celtics changed your mind, Big Game Not A Big Game, Big Movie Not A Big Movie & What We Learned This Week.
In hour 4: Max Strus is loose and playing that way, what happened to Dan Day at Duffy's last night plus Big Game or Not A Big Game & What We Learned This Week.
In hour 4: Jorge Sedano likes The Heat but not that fast, Joel Embiid will play tonight...right? Plus, Big Game or Not A Big Game and What We Learned This Week.
In hour 4: 15 Minutes of Heat, Weekend Warriors, Big Game or Not A Big Game & What We Learned This Week.
In hour 4: Antonio Daniels talks Heat and Pelicans, Panthers on Passover/Good Friday & What We Learned This Week.
In hour 4: Joe Frisaro gets you ready for Marlins Opening Day, Big Movie or Not A Big Movie, Big Game or Not A Big Game plus What We Learned This Week.
In hour 4: Andy Hart discusses The Tom Brady possible move to Miami, Big Movie or Not A Big Movie plus What We Learned This Week.
In hour 4: Joy Taylor talks about the waning Dolphins, Tua troubles and are you a die hard Panther fan plus Big Game or Not A Big Game also What We Learned This Week. See omnystudio.com/listener for privacy information.
In hour 4: Ruthie Polinsky talks Heat, Dolphins & STL plus What We Learned This Week and Big Game/Not A Big Game. See omnystudio.com/listener for privacy information.
Don't forget to subscribe. 500 Subs and we are getting the PERMS.Here are the nitty gritty details of this weeks hot button topics:This week I sat down and talked filmmaking with special guest Alex Meyers. We talk about our inspirations growing up, working together on his series "Pleasant High", and so much more! Alex's YT Channel: https://www.youtube.com/user/AlexMeyers1Listen to that and more on this weeks episode of What We Learned This Week.Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Support the show (https://www.patreon.com/wwltwpodcast)
Don't forget to subscribe. 500 Subs and we are getting the PERMS.Here are the nitty gritty details of this weeks hot button topics:Hey there, I know you have missed us and wondered where we have been, so let's talk about that. The show is headed in a new and exciting direction and we can't wait to keep bringing you the WWLTW episodes you know and love. So here it is: The Revival Tour! Listen to that and more on this weeks episode of What We Learned This Week.Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Support the show (https://www.patreon.com/wwltwpodcast)
Don't forget to subscribe. 500 Subs and we are getting the PERMS.Here are the nitty gritty details of this weeks hot button topics:Welcome back to the show. Walker stops by for a bit. Just enough for us to say: Hi Walker, Bye Walker. Listen to that and more on this weeks episode of What We Learned This Week.Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Support the show (https://www.patreon.com/wwltwpodcast)
Don't forget to subscribe. 500 Subs and we are getting the PERMS.Here are the nitty gritty details of this weeks hot button topics:Well we warned you it would be a rocky start with going virtual, but hey we still got the episode out to you guys, even if it's a day late. Without further ado, here is our first ever Zoom, Zoom, Zoom episode! Enjoy!Listen to that and more on this weeks episode of What We Learned This Week.Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Support the show (https://www.patreon.com/wwltwpodcast)
Don't forget to subscribe. 500 Subs and we are getting the PERMS.Here are the nitty gritty details of this weeks hot button topics:It's a final goodbye from us here at the WWLTW Podcast...well in person at least. Jake is moving to Sunny Florida so things will be looking a lot different from here on out! So enjoy, and prepare for more greatness to come!Listen to that and more on this weeks episode of What We Learned This Week.Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Support the show (https://www.patreon.com/wwltwpodcast)
Don't forget to subscribe. 500 Subs and we are getting the PERMS.Here are the nitty gritty details of this weeks hot button topics:Well folks it's a Jake only episode again this week so he decided to change things up again and try something new. Without further ado, we present to you: Jake ReactsListen to that and more on this weeks episode of What We Learned This Week.Don't forget to Press, Press, Pass that subscribe button and run a train on that Like Button.Support the show (https://www.patreon.com/wwltwpodcast)
What We Learned This Week, Feel Good Friday, And Thank-Uary
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