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UPTHINKING FINANCE

Author: Emerson Fersch

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A Podcast that offers a unique and discerning view of economics and financial planning

Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.

The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
49 Episodes
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If there was ever an industry where history repeats itself, finance is at the top of the list. Russell Napier has worked in investing for over 30 years. He’s written exceptional books, including “The Anatomy of the Bear” and “The Asian Financial Crisis.” He’s the Founder and Course Director for the Practical History of Financial Markets, an online course at the Edinburgh Business School. In 2014, he founded the charitable venture, “The Library of Mistakes,” a business and financial history library based in Scotland with branches in India and Switzerland. They recently threw their “Mistake of the Year Awards.” Listen to our conversation to learn from the mistakes that were made so that history doesn’t have to repeat itself. You will want to hear this episode if you are interested in...Learn more about the Library of Mistakes [1:57] 4The Mistake of the Year Awards nominations [8:42]How quickly money can be lost [11:05] European governments backing pensions [13:09] The rapid decline of Farfetch [15:49] 3rd Place: Credit Suisse [19:33] 2nd Place: FTX [25:46] 1st place: The Silicon Valley Bank [32:33] The lessons learned from great mistakes [42:45] Russell Napier is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Emerson Fersch is a registered representative with and securities and advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA/SIPCThe financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe Mistake of the Year AwardThe Library of MistakesThe Library of Mistakes PodcastsThe Psychopath Test: A Journey Through the Madness IndustryConnect With Russell NapierConnect on LinkedInThe Solid Ground NewsletterConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
I often feel like I’m living two lives. There’s the world I live in that I can see around me. Then there’s the world I can’t see but can feel in my heart. The gap between them seems to be getting wider and wider. Something is amiss. Is there a day of reckoning coming? Is change going to happen? John Waters is a man who isn’t afraid to speak the truth. He’s able to put words to how many of us are feeling. In this captivating episode of UPThinking Finance™, John Waters returns to talk about the current state of the world, whether or not we’re in a spiritual war, and how to take steps in the right direction.You will want to hear this episode if you are interested in...The current state of Ireland (and the world) [2:07] What can we anchor ourselves to? [12:12] Is change going to happen? [17:51] Are we in a spiritual war? [23:18] The God we found in Alcoholics Anonymous [29:47]Taking steps in the right direction [41:08] Live your life to the fullest today [44:07]Resources & People MentionedThe Sibling Society by Robert BlyNot God: A History of Alcoholics AnonymousJohn Waters & Dr Thomas Binder on The Abi Roberts ShowEpisode #38: As Goes Ireland, So Goes the WorldConnect With John WatersJohn’s SubstackJohn’s WebsiteConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Peter Cavelti is a financial advisor who shares a similar worldview as we do. He was one of the first investment managers to recognize some of the defining trends of our time, such as the ascent of emerging economies and the dramatic reversal of globalization. In this episode of UPThinking Finance™, we have a conversation about his career, his opinion on the US debt, and how he navigates financial planning with the future in mind. You will want to hear this episode if you are interested in...Learn more about Peter Cavelti [3:23]Peter’s thoughts on the Covid conversation [7:34] The biggest challenge Peter’s had to overcome [13:36] Is the US debt spiraling out of control? [19:32] How Peter structures their investment portfolio [28:25]Navigating the narrative within the industry [36:42]Peter Cavelti is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Connect With Peter CaveltiSubscribe to Peter’s newsletter at Cavelti & Associates, Ltd.Connect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking Finance
Dr. Tess Lawrie is the Founder and Director of The Evidence-Based Medicine Consultancy (EBMC). She also sits on the steering committee for the World Council of Health, which sponsors The Better Way Conference. She is committed to improving the quality of healthcare through rigorous research. She envisions a healthier world in which science and learned wisdom are brought together to empower people to take responsibility for their own health. That’s why she helped found the World Council for Health and The Great FreeSet. Learn what pushed Dr. Lawrie to take a stand—and what you can do to join the Great FreeSet—in this episode of UPThinking Finance™.You will want to hear this episode if you are interested in...When Dr. Lawrie worked as an external consultant [3:18] The power of the World Health Organization (WHO) [10:33] Learn about the Great FreeSet and its mission [16:22] Why it's time to do some research [29:20]The goal of The Better Way Conference [34:13]Resources & People MentionedThe Great FreeSetThe Better Way ConferenceWorld Council for HealthThe Conscience of MedicineMy Letter to Dr Andrew Hill VideoDr. Lawre’s Speech at IICC ConferenceEarly Covid-19 Treatment GuidelinesConnect With Dr. Tess LawrieDr. Lawrie’s SubstackConnect on LinkedInWorld Council for Health (WCH) on TwitterConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Wealth planning is an exercise in risk management. Our role as advisors is to manage risks for our clients. We place our clients and their goals first. That means that we do things differently than most. In this episode of UPThinking finance™, Amy and I will share why “This time is different” and how we operate, keeping our client’s best interests in mind. You will want to hear this episode if you are interested in...Our backgrounds in the financial industry [2:41]This time it’s different [9:12]Risk definitions for today [13:01] How do we proceed? [16:07]We can’t rely on the past [23:25]What we’re grateful for [27:35] Amy LeNoble and Emerson Fersch are Registered Representatives with, and securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe Asian Financial Crisis 1995–98 by Russell NapierChina, Saudi Drive BRICS’ Push to Erase Dollar in Global EconomyTop 10 Dow Jones Drops2008 Recession: What It Was and What Caused ItUS Debt ClockUS Government DebtAdaptive Asset AllocationConnect with Emerson Fersch and Amy LeNobleCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Foresight is an act of thinking about and looking toward the future. Those who engage in foresight are working toward building the future, not just predicting what may happen. Today’s guest, John Smart, has a Master’s Degree in Future Studies and 22 years of experience as a Foresight Consultant. John’s mission is to help others achieve more adaptive futures for themselves, their teams, and their organizations. He shares more about the psychology of foresight and how it should influence the decision-making process in this episode of UPThinking Finance™. You will want to hear this episode if you are interested in...What is the practice of foresight? [3:13]Thinking, Fast and Slow (dual-process thinking) [8:10] The importance of dissecting knowns and unknowns [11:23] How “Accelerating Change” affects decision-making [16:45]Does God play a role in foresight? [23:07] How John has impacted us personally and professionally [34:30] Getting to the point where we flourish [38:03]John Smart is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedIntroduction to ForesightThinking, Fast and SlowRethinking Positive ThinkingThe Fearless OrganizationFuture ShockSuperforecastingMindsetThe Righteous MindThe Dragons of EdenCliftonStrengths assessmentConnect With John SmartConnect on LinkedIna...
For the last 400–500 years Western Powers controlled and dominated global trade and finance. Alex Krainer believes that the current empire is coming to an end. The world is shifting, both politically and economically. He also believes that these inevitable processes are leading us toward better things. It may seem that the world is falling apart but we might actually be working toward a better future. He shares his thoughts in this episode of UPThinking Finance™.You will want to hear this episode if you are interested in...Alex’s thoughts on the world right now [2:57]The two forces that can’t be defeated [16:29]We need to stop fighting change [30:52] How the movement in Europe impacts the US [37:17] Alex’s message of unity and hope [46:44] Connect With Alex KrainerConnect on LinkedInFollow on TwitterI-System Trend FollowingThe Naked HedgieConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Almost every financial services firm does the same thing for people. They’re operating following same-old same-old principles. Why is it a problem? Firms are seeking ways to differentiate themselves but are doing so in external ways. Some are trying to leverage technology. Others are focusing on credentials that set them apart. Measuring performance via benchmarks has been the most detrimental to today’s investors. Why do they matter? Your investments should be about your individual goals. We’ve been operating in a bubble in an artificially built-up market that is beginning to shift because interest rates are going up. I can’t continue to operate and advise clients the same way I was five years ago. We must adapt. Mike Philbrick—the Chief Executive Officer of ReSolve Global—shares why adaptive asset allocation is going to become increasingly important in this episode of UPThinking Finance™.You will want to hear this episode if you are interested in...The state of the financial services industry [0:41]How Mike landed in quantitative analysis [8:06] The Tetlock study on “Expert Political Judgment” [9:25] The problem with bench marketing [16:13]Strategic vs tactical vs dynamic asset allocation [21:06] The role of volatility and correlation in asset management [30:54]The importance of dynamic portfolio management [37:10] The point of return stacking and adaptive asset allocation [42:55]What retirees should be thinking about [45:32] Resources & People MentionedAdaptive Asset AllocationJust 10 Stocks Drive Half The Year's Monster $2.5 Trillion RallyThe Tetlock study on “Expert Political Judgment”Against the Gods by Peter L. BernsteinConnect With Mike PhilbrickReSolve Asset ManagementConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
In today’s interview, you’ll get to meet my business partner: Amy LeNoble. Amy always dreamed of becoming a professional dancer. She attended Loyola Marymount University to pursue her vision, graduating with a bachelor’s degree in dance (while minoring in business administration).But Amy also developed a passion for finance. Over the last nine years, Amy grew from receptionist to administrative assistant to becoming a Licensed Registered Representative with LPL Financial, the largest independent brokerage in the United States.Now, Amy is my partner at Capital Investment Advisers. She shares her journey and the value she strives to bring to our clients in this episode of Upthinking Finance™. You will want to hear this episode if you are interested in...Amy’s dream to become a professional dancer [3:55]Why Amy made a career shift from dance to finance [11:26] Would Amy do anything differently? [14:53]Diving into the world of finance [18:34]Amy’s experience climbing the ladder in finance [23:29]Amy’s strategy focuses on building relationships [28:43] The changes coming to the Upthinking Finance™ podcast [37:33]Amy LeNoble is a Registered Rep with securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Connect With Amy LenobleCapital Investment Advisers Connect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Christof Plothe, D.O. is a Dr. of Osteopathic Medicine who currently works as a naturopath in Germany. He’s authored and co-authored numerous books and studies.He currently serves as a steering committee member of the World Council for Health, which is a global coalition of health-oriented organizations and civil society groups designed to inform people about health and human rights. Christof seeks to bring humans back into cooperation with their environment to create a sustainable recovery of humans and the planet. Christof shares his thoughts on many topics in this episode, prioritizing our need to advocate for our rights. He covers why what’s happening in the world isn’t just a conspiracy theory, but reality. What can we do to embrace a better way of living? Listen to this episode of UpThinking Finance™ to learn more. You will want to hear this episode if you are interested in...Being raised under the “weight of fear” [2:56]Christof’s thoughts on the European Union [6:30] Why is the World Health Organization making policies? [11:31]Why what’s happening isn’t just a “conspiracy theory” [13:00] Is money enough for people to compromise integrity? [19:12] The concept of a 15-minute city [24:05] Is technology negatively impacting our bodies? [29:58]Resources & People MentionedThe effects of unregulated digitalization on health and democracyDr. Neal Barnard's Program for Reversing DiabetesAssociation of Vitamin D Status and Other Clinical Characteristics With COVID-19 Test ResultsCould diet and exercise reduce risk of COVID-19 syndemic?Connect With Christof Plothe, D.O.Christof’s websiteConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
In the early 1980s, John Waters—an Irish thinker, talker, and author—was a correspondent for Ireland’s “The Hot Press,” a Rock & Roll newspaper. He contributed reviews and interviews and wrote a regular radio review column. He shifted the paper from rock and folk music to a wider engagement with politics and culture. He’s written several books, including his most recent, “Give Us Back the Back Roads.” In this episode of Upthinking Finance™, John joins me to discuss what’s happening in Ireland and how it reflects on the greater world. From a loss of pride in one’s country to a shift in morality, we cover it all. You will want to hear this episode if you are interested in...Notable transitions happening in Ireland [1:38]The loss of pride in one’s country [7:27] Covid led to connections [10:51] A discussion of Philip Rieff’s three worlds [16:04] Why are people so easily bought? [22:33] Where is the world headed? [32:55] John Waters is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedGive Us Back the Back RoadsTrend Following with Alex KrainerThe Asian Financial Crisis with Russell NapierThe Wretched of the EarthBlack Skin, White MasksThe Collapse of AntiquityGood Life Project podcastConnect With John WatersJohnwaters.substack.comJohn’s WebsiteConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Have you ever thought about the impact that gambling has on the global economy? Jeremy Olson, with Online United States Casinos, points out that casino gaming and sports betting are multi-billion-dollar industries. And each nation has its own laws about gambling and takes its own approach based on cultural preferences. But what are the economics of gambling? Marty Goldman—the SVP of Global Casino Operations at Carnival Corporation—leads a team of 2,600 casino professionals internationally. In this episode of Upthinking Finance™, we have a conversation about the side of gambling most people don’t think about. You will want to hear this episode if you are interested in...The history of the gaming industry [2:51] What’s driving the expansion of gaming? [8:43] The demographics gaming companies market to [10:41] States where gambling isn’t legal [12:32] Why sports betting has become a hot topic [15:45] The positive impact of the gambling industry [18:32] Is the gaming industry inherently bad? [23:31] Security and compliance in gaming [26:33] Cultural differences in the gaming industry [29:31] What is the house advantage? [34:22] Why include gambling on a cruise ship? [38:10] Marty’s favorite gaming movie(s) [41:09]Marty Goldman is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe HOPE ScholarshipCalifornia SplitCasinoRounders21Connect With Marty GoldmanConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Alex Sanchez grew up in an area where drug use, gangs, poverty, and racism were a part of everyday life. He lost his dad at the young age of two. He just wanted to be accepted, but society rejected him. But the gang culture accepted him. He was constantly told he wasn’t going to amount to anything. He lived into what they said he would be. His aggression fueled by the gang culture and drug addiction led to violence and inflicting pain on others. Ultimately, he landed a 10-year prison sentence. Underground Ministries directly changed his life. Now, Alex works with Underground Ministries to help others reenter society. He shares his story of heartbreak and triumph in this moving episode of Upthinking Finance™. You will want to hear this episode if you are interested in...Learn more about Alex’s background [3:05] What changed the trajectory of Alex’s life [6:38]Navigating reentry into society [12:35] Alex’s experience hiking in the wilderness [17:56]Working with Underground Ministries [21:38] How your contributions support Underground Ministries [24:48] What “love” means to me [29:06]Open your mind before you judge others [30:12]Alex Sanchez is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedEpisode #3: Interrupting Mass Incarceration with Chris HokeUnderground Ministries Connect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Is the fiat currency system about to implode? Could Central Bank Digital Currencies (CBDCs) be the financial system of the not-too-distant future? What would be the long-term ramifications of CBDCs? Melissa Ciummei—an independent investor and researcher—joins me in this episode of Upthinking Finance™ to discuss the implications of CBDCs and the global move toward digitalization. You will want to hear this episode if you are interested in...Central Bank Digital Currencies (CBDCs) [1:56] The long-term ramifications of CBDC [6:00]Who is controlling the CBDC? [10:32] Are there obstacles to the central bank agenda? [13:14] Is this takeover actually going to happen? [18:48]When Melissa began to notice the beginning of the end [22:48] What can we do to prevent a global currency takeover? [29:35] How we can cultivate more awareness of what’s going on [31:56]Where is God in all of this? How can we remain hopeful? [35:53] Melissa Ciummei is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe BISThe IMFThe Better Way ConferenceRussell NapierWEF: Identity in a Digital WorldNote about the BIS: The content on that page is Established in 1930, the BIS is owned by 63 central banks, representing countries from around the world that together account for about 95% of world GDP. Its head office is in Basel, Switzerland and it has two representative offices: in Hong Kong SAR and in Mexico City, as well as Innovation Hub Centres around the world. They are not independent if they are owned by the global central bank system.Connect With Melissa CiummeiFollow on TwitterConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Have you ever wondered whether or not a vaccination that you get every year is necessary? Have you questioned the logic of sticking our children with needles within days, weeks, and months after birth? Have you hit the realization that big pharma might not be helping us but simply trying to make a profit? Leveraging her degrees in psychology and immunology, Deanna McCloud worked in the pharmaceutical industry for over 10 years in medical marketing and sales, specializing in oncology. Deanna realized that big pharma was hijacking healthcare. In this episode of Upthinking Finance™, she shares how everything big pharma does is driven by profit, including creating what we think are life-saving vaccines. You will want to hear this episode if you are interested in...When Deanna realized Big Pharma was hi-jacking healthcare [3:03] How does Big Pharma market vaccines to the masses? [7:52] How the Covid vaccine bypassed standard clinical testing [19:05] Covid vaccinations led to the loss of informed choice [33:31] The general reaction to the clinical data [43:08]How to find more objective data/research [45:35] Resources & People MentionedThe Canadian Covid Care AllianceWorld Council for HealthThe Better Way ConferenceConnect With Deanna McLeodKaleidoscope StrategicConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
What does the scripture about tithing really mean? Can we be in alignment with God if we embrace success and abundance? These are just a couple of the questions that Reverend Dale Allen Hoffman tackles in part II of “The Spiritual Side of Wealth.” (If you haven’t listened to part one, make sure to check it out). Dale Allen Hoffman is a world-renowned author, actor, musician, performance artist, and professional speaker. He’s also the author of “Echoes of an Ancient Dream: Aramaic Toning on the Path of Light.” You will want to hear this episode if you are interested in...Humility dictates your alignment with Christ [0:43]Success doesn’t have to consume you [7:43] Are you searching for the truth? [12:37] What tithing scripture really means [21:22] Rev. Dale Allen Hoffman is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.Connect With Dale Allen HoffmanRev Hoffman’s WebsiteWatch on YouTubeFollow on InstagramConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
How do you build the kingdom versus simply trying to build wealth? Today’s guest will help us navigate the dynamics of the spiritual side of wealth. Reverend Dale Allen Hoffman is a world-renowned author, actor, musician, performance artist, and professional speaker. He’s also the author of “Echoes of an Ancient Dream: Aramaic Toning on the Path of Light.” He shares his wisdom in this episode of Upthinking Finance™. You will want to hear this episode if you are interested in...You cannot serve both God and mammon [2:29]Heaven, omnipresence, and treasure [13:36] Is the love of money the root of all evil? [19:11] The concept that God is everything [26:50] Is it ethical to monetize spirituality? [35:19] Reverend Dale Allen Hoffman is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedEchoes of an Ancient Dream: Aramaic Toning on the Path of LightMeeting Yeshua Again for the First Time by Marcus BorgMan’s Search for Meaning by Viktor FranklConnect With Dale Allen HoffmanRev Hoffman’s WebsiteWatch on YouTubeFollow on InstagramConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
I’ve been lifting weights since my early 20s. I’ve done everything from playing basketball to mixed martial arts. Recently, I found CrossFit. Running a gym as a whole is a difficult business to manage. Jason Jamison and his wife Tessa are co-owners of the CrossFit Modern gym in Long Beach, CA. Jason played hockey when he was nine. He taught P90X classes for a while before experiencing a CrossFit workout. It was love at first sweat. He started teaching in a local park and opened his own gym in 2019.He’s competed in 11 CrossFit open events. He’s reached the quarterfinals four times, the regionals twice, and just recently he competed in the Worldwide Rogue 1,000-pound challenge and finished 61st in the world. In this episode of Upthinking Finance™, Jason shares some of the struggles and triumphs he’s faced as a gym owner and what he’s learned on his journey of self-discovery that’s made a positive impact in all areas of his life. You will want to hear this episode if you are interested in...What is CrossFit? How is it different from a normal workout? [3:33]Jason’s passion for movement drove the life of his business [7:57] Why Jason decided to open a CrossFit gym [10:36] The financial challenges faced running a gym [15:26]Navigating gym ownership during the Covid pandemic [18:35]Working through depression changed Jason’s outlook [25:00]Finding one’s identity outside of what they do or have done [34:16]CrossFit is built so that you can adapt and grow in every way [40:58]Jason Jamison is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Connect With Jason JamisonCrossFit ModernConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
Behavioral finance emerged in the late 80s to address why people make the investment decisions they make. According to DALBAR, the S&P 500 averaged 9.5% in 2021 and the average investor only averaged a return of 3.6%. The question becomes, what happened to that extra 5.9% of gains? The role of emotion in making decisions when to buy and sell is saignificant.Today’s guest is Paul Strehle, President and Senior Portfolio Manager at USA Mutual Advisors Inc. In this episode of Upthinking Finance™, Paul will share how to understand why people make decisions—and how to profit from them. You will want to hear this episode if you are interested in...How Paul got into qualitative analysis [2:54]How Paul’s portfolio strategy works [11:36] Accept small losses for the long-term wins [13:17] The psychology of herd mentality [16:09] Everyone trades on their own interests [25:39] How people react to managed futures [30:46] What drives Paul to choose the “hard road” [37:00] Paul Strehle is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedA Random Walk Down Wall Street: The Time-Tested Strategy for Successful InvestingThe Man Who Solved the MarketThe Wisdom of CrowdsMarket WizardsConnect With Paul StrehleUSA MutualsConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK
The Iditarod is a sled dog race that covers 1,000 miles of Alaska that happens every March (and just celebrated its 50th anniversary). Dallas Seavey is the youngest ever to run and win the race, accomplishing this at age 25. Now 36, he’s only the second Iditarod racer to win the race five times. In this episode of Upthining Finance™, Dallas brings us deep into the world of sled dog racing. He shares what managing the financial side looks like, how he leverages the tourism industry to fund his kennel, and his goals for the future. You will want to hear this episode if you are interested in...How an 18-year-old builds a sled dog team [2:13] What changed after Dallas won his first race [6:53] Managing the financial side of dog racing [10:31] The challenges that come alongside success [14:46] How sponsorship works in the mushing world [20:25] Dallas’s experience on “Race to Survive: Alaska” [24:08] Leveraging the tourism industry to fund mushing [26:22] Dallas’s goals in both racing and business [33:13] Finnmarksløpet: Europe’s dog-sled race [38:16] Learn more about AK Sled Dog Tours [43:21] How an 18-year-old builds a sled dog teamDallas has been mushing dogs his entire life. His grandfather started mushing dogs when his dad was only four. Dallas and his brothers grew up in the sport. He was always surrounded by 60–100 dogs. He was also the youngest person to ever race in and complete the Iditarod. Most people start running for a kennel as interns trying to move up the ranks. They work with dogs around two years old, with the lead being older. When Dallas raced for the first time, the goal wasn’t to win—the goal was to build better sled dogs so they could come back as better athletes. They’d be rookies on the pro team the following year. It was an educational experience and a lot of responsibility. He and his brothers learned how to manage an entire operation including managing staff, vehicles, equipment, and the dogs. If they broke down during the race, they couldn’t just call for help. They had to figure it out. They became self-sufficient quite young. Dallas started his own kennel when he was 21. Dallas always looks at where his team is relative to the competition. He looks at where other mushers have gotten hung up. He studies why some racers have raced 20+ times and never won. He looks for room to improve. He focuses attention on the weakest points of his teams to continue to improve. People tend to avoid where they need to improve. Managing the financial side of dog racingBut finances are also a large part of the sport. You have to be great business managers so they aren’t handicapped on the finance side. Financing affects the team in many ways, including the number of dogs they can maintain and train. If you have a larger group of dogs to choose from, you can develop better individual athletes.For every 10 dogs, you need another human to develop and train those dogs. There’s a tremendous amount of work that goes into the physical development and individual needs of each dog. The infrastructure has to grow to correlate with the number of dogs. And there are a million financial things to consider, from equipment, to feed, supplements, and more.Managing the financial aspects also includes sponsorships, tourism, public speaking, etc. If something has a positive return, you can’t turn it down. It can be a time strain. You have to love what you do to make this a career. Dallas is training and managing people to create more than a one-man organization. His focus is creating systems that make success repeatable.Leveraging the tourism industry to fund mushingTourism is Dallas’s primary source of funding for his operation. They offer...
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