Talking Billions with Bogumil Baranowski
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EVERY MONDAY A NEW EPISODE.
I READ ALL MY EMAILS - contact form on my website - www.bogumilbaranowski.com. TELL ME YOUR STORY.
I’m Bogumil Baranowski, an author, a TEDx speaker, an investor, and an investment advisor to families and individuals.
Intimate conversations about money, wealth, and living a rich and fulfilling life.
We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, keep it, but our conversations lead us to an even bigger question — what it means to live a rich life beyond money. NOT INVESTMENT ADVICE.
I READ ALL MY EMAILS - contact form on my website - www.bogumilbaranowski.com. TELL ME YOUR STORY.
I’m Bogumil Baranowski, an author, a TEDx speaker, an investor, and an investment advisor to families and individuals.
Intimate conversations about money, wealth, and living a rich and fulfilling life.
We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, keep it, but our conversations lead us to an even bigger question — what it means to live a rich life beyond money. NOT INVESTMENT ADVICE.
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Guest: Alex Morris - Founder of TSOH Investment Research and author of "Buffett and Munger Unscripted"Episode Focus: Buffett and Munger's investment philosophy, value investing principles, and business ownership mindsetKey Topics:Alex's journey into investing and discovery of Buffett/Munger's teachingsValue investing fundamentals - "getting a lot for the expectable future cash flows"The importance of quality management and proper incentivesHow interest rates and inflation impact investmentsTime horizons, volatility vs. risk, and Mr. Market psychologyThe right way to run an insurance business (National Indemnity case study)Finding purpose and meaning in investing beyond financial returnsNotable Quotes:"Warren says, 'Charlie and I think there is no other kind of investment than a value investment. We don't know how anybody would invest in a non-value investment.'""Interest rates basically are the value of assets, what gravity is to matter.""The room full of lawyers will not save you if you're dealing with the wrong people.""I look at someone like Satya Nadella at Microsoft... I have a sense for who he is. I'm very comfortable that... he has a broader vision and interest in the business.""If you come here just for the money, you might not stick around long enough to see the results of what this pursuit can do for you."Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Understanding the interplay between allocation, evolution, and cognitive investmentAudio version my this week's article, find it on Substack. https://bogumilbaranowski.substack.com/ -- subscribe there for all content, not to miss anything.Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to say hello, use the same email. Curious to hear from you! Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
If you have 5 minutes this week, listen to this recap of my conversation with Sean DeLaney with a BONUS look behind the scenes and my thoughts about what I learned. FULL ARTICLE about the episode: https://bogumilbaranowski.substack.com/p/when-life-begins-to-whisper-insightsAlso, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to say hello, use the same email. Curious to hear from you! Lastly, if you like this 5-minute recap format, let me know, I might do it now and then with longer episodes!Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Transforming Financial Conversations from Sources of Tension to Opportunities for ConnectionGuest IntroductionEmily Bouchard is a specialist in family dynamics around wealth, with over 20 years of experience working with families navigating complex financial relationships. She's the founder of Blended Families Flourishing and Bouchard Bespoke Consulting, focusing on stepfamily dynamics, multigenerational family meetings, rising generation leadership, family governance, and family business succession.Key Topics DiscussedPersonal JourneyEmily shares how her mother's sudden death at age 44 (when Emily was 14) profoundly shaped her pathHer volunteering experience with teenage cancer patients at age 18 taught her about resilienceHer personal experience becoming a stepdaughter, step-granddaughter, and later a stepmother influenced her career focusWhy Money Conversations Are DifficultDifferent people develop different archetypal patterns related to money based on their upbringing and experiencesUnderstanding the underlying motivations, values, concerns, and beliefs makes money conversations more productivePeople avoid money conversations because they've rarely experienced them going wellCouple Finances and PrenupsFinancial infidelity (making significant financial decisions without including your spouse) is a leading cause of divorceImportant early conversations for couples include sharing earliest money memories and identifying core values around moneyPrenups should be viewed as strengthening a marriage by developing the muscle of having healthy money conversationsA prenup is an opportunity to decide what happens at the end of a marriage rather than leaving it to lawmakers who don't know youBlended Family FinancesThe concept of "fair versus equal" is crucial when discussing inheritance in blended familiesOne of the biggest mistakes in estate planning is not checking and updating beneficiariesCommunication about estate plans with family members can prevent misunderstandings and litigationTeaching Children About MoneyStart money conversations as early as age five, focusing on philanthropy and understanding valueUse share/save/spend models to help children develop healthy money habitsBe open about family wealth status to prepare children for when they might encounter this information from peersMulti-generational WealthWealth holders should articulate the stories and values that led to wealth creationBeneficiaries need education about their roles and responsibilitiesMoney amplifies existing family dynamics rather than creating entirely new problemsPodcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Audio version my this week's article, find it on Substack. https://bogumilbaranowski.substack.com/ -- subscribe there for all content, not to miss anything.Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to say hello, use the same email. Curious to hear from you! Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
If you have 5 minutes this week, listen to this recap of my conversation with Vitaliy with a BONUS look behind the scenes and my thoughts about what I learned. Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to say hello, use the same email. Curious to hear from you! Lastly, if you like this 5-minute recap format, let me know, I might do it now and then with longer episodes!Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
In this thought-provoking conversation, executive coach and author Sean Delaney returns to discuss his latest book, "When Life Begins to Whisper: A Journey Beyond the Answers." Building on our conversation from last year, Sean delves deeper into the subtle internal signals that guide our authentic paths and how we can develop a healthier relationship with pain, uncertainty, and freedom.### Key Highlights:- **The Meaning Behind the Title**: Sean explains how "whispers" represent those subtle internal nudges we often ignore until life forces us to confront them, and why the most profound questions in life don't have definitive answers.- **Reframing Our Relationship with Pain**: "Pain doesn't come to break you, it comes to open you." Sean discusses how our greatest insights often emerge from our most painful experiences when we learn to use them rather than avoid them.- **Beyond the Search for Certainty**: Why certainty is "too small for a soul like yours" and how embracing uncertainty opens the door to greater possibilities.- **Recognizing and Rewriting Your Stories**: Sean shares practical approaches to identifying the invisible scripts that govern our lives and finding the courage to reshape them.- **Finding Freedom Through Letting Go**: Freedom isn't something we chase but something we allow by releasing internal barriers and constraints.- **The Connection to Investing**: Throughout the conversation, we explore parallels between personal growth and investment philosophy - from viewing empty portfolios as canvases of opportunity to developing the capacity to make clear decisions by stilling our "internal waters."- **Living Your Truth**: The importance of aligning with your authentic self rather than following someone else's script, as Sean explains: "The real prison is living a life that doesn't belong to you."Sean shares insights from his work with high achievers across various fields, including CEOs, professional athletes, and finance professionals, revealing common patterns and transformative practices that lead to more meaningful, purposeful lives.This episode offers both philosophical depth and practical guidance for anyone seeking to live more authentically and navigate life's challenges with greater wisdom and resilience.### About Sean DelaneySean Delaney is an executive coach and author who helps high achievers uncover deeper purpose and navigate the challenges of leadership, resilience, and self-mastery. With nearly 15 years of experience guiding CEOs, executives, and professional athletes, he blends profound insights with practical strategies to inspire meaningful, lasting change. His latest book is "When Life Begins to Whisper: A Journey Beyond the Answers."Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Here is another recording of my article. Enjoy! They've been such a hit that I decided to read to you again.If you want to drop me a line, share your thoughts, or connect over Zoom, here is my email bogumil AT talkingbillions.co (not com). I read and answer all my emails; just give me a day or two! Thank you! BogumilFind the text of the article on my Substack: https://bogumilbaranowski.substack.com/p/the-psychology-of-portfolio-fluctuationsI mention Byron Tully in the episode, and I recommend his appearances on Talking Billions. He talks about Old Money Habits.Disclosure:Blue Infinitas Capital, LLC is a registered investment adviser. The information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
This is a very timely post (only 3 minutes). If you haven't read it yet, enjoy it here. And I hope my calming voice will help you as you are navigating the markets in the last few weeks.If you want to drop me a line, share your thoughts, or connect over Zoom, here is my email bogumil AT talkingbillions.co (not com). I read and answer all my emails; just give me a day or two! Thank you! BogumilFind the text of the article on my Substack: https://bogumilbaranowski.substack.com/p/storm-in-a-glass-or-broken-glassDisclosure:Blue Infinitas Capital, LLC is a registered investment adviser. The information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
[Limited 1 on 1 Zoom calls with the host: email me at bogumil@talkingbillions.co, no com]Episode OverviewIn this illuminating conversation, Vitaliy Katsenelson shares his remarkable journey from Soviet Russia to becoming a respected value investor in the United States. Through personal anecdotes and philosophical reflections, Vitaliy explores the delicate interplay between life's most precious currencies: time, money, and purpose.Key ThemesFrom Scarcity to AbundanceVitaliy's formative years in Soviet Russia shaped his unique perspective on scarcity and abundanceThe stark contrast between socialist principles and capitalist realities informed his investment philosophyCultural transitions between European and American work ethics revealed deeper truths about value creationFinding Alignment: The Soul in the GameThe concept of 'Soul in the Game' emerges as a north star for meaningful livingAuthentic writing requires vulnerability and self-confidence—a mirror to authentic investingPersonal alignment between values and vocation creates fulfillment beyond financial metricsThe courage to pursue alignment often means embracing discomfort and uncertaintyThe Philosophy of Time and MoneyTime stands as our most irreplaceable asset—money should ultimately purchase time, not thingsWealth without purpose becomes an empty pursuitMaterial detachment liberates decision-making in both life and investingStoicism provides a framework for focusing on what we can control amid market volatilityThe Human Element in BusinessPeople remain the crucial factor in business success—relationships over transactionsHiring decisions should evaluate character alongside competenceManagement analysis deserves equal attention to financial analysisSubtle cues often reveal more about company culture than formal presentationsNavigating Complexity and ChangeInvesting requires continuous learning and intellectual curiosityDisruption demands adaptability in investment strategiesValue investing must evolve to consider future growth opportunitiesThe nonlinear nature of investing mirrors the nonlinear journey of life itselfRedefining SuccessSuccess transcends financial metrics to encompass relationships and independenceParenthood brings both profound joy and inevitable pain—similar to market cyclesQuality of work matters more than quantity—depth over breadthCreative pursuits like music enhance problem-solving and pattern recognitionReflections for ListenersHow might you find greater alignment between your values and your work?Where are you trading time for money when you could be doing the opposite?What attachments might be limiting your freedom and decision-making?How can you incorporate more reflection and creative thinking into your professional life?Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Happy Weekend! Since so many of you asked, here is the audio version of my this week's article with some bonus content, and announcement, take a listen -- you'll hear details in the episode, but here is my email bogumil AT talkingbillions.co (not com), if you are interested in a 1 on 1 Zoom call with me or joining an intimate virtual meet & greet let know or if you just feel compelled to write to me, please do! I read and answer all my email, just give me a day or two! Thank you! BogumilFind the text of the article on my Substack: https://bogumilbaranowski.substack.com/p/my-annual-valuex-journey-the-magical
[Excited to connect with you! If you'd like to schedule a personal 1-on-1 Zoom conversation with me, the host, simply email bogumil@talkingbillions.co (that's .co, not .com). Looking forward to our conversation!]Anne-Laure Le Cunff is an award-winning neuroscientist and entrepreneur. She is the founder of Ness Labs, where her weekly newsletter is read by more than 100,000 curious minds. Her research at King’s College London focuses on the psychology and neuroscience of lifelong learning, curiosity, and adaptability. Her book, Tiny Experiments, is a transformative guide for living a more experimental life, turning uncertainty into curiosity, and carving a path of self-discovery. Previously, she worked at Google as an executive on digital health projects. Her work has been featured in Rolling Stone, Forbes, Financial Times, and WIRED.Please paste any links that you'd like me to include: https://tinyexperiments.org/ https://nesslabs.com/ https://x.com/@neuranne https://instagram.com/neuranneSummaryIn this captivating episode, Anne-Laure Le Cunff takes listeners on her remarkable journey from Google executive to neuroscience PhD candidate, revealing how this unconventional path shaped her philosophy of "mindful productivity" and "systematic curiosity." Drawing from her book "Tiny Experiments," Anne-Laure challenges traditional notions of linear career progression and offers a refreshing alternative: an experimental approach to personal and professional growth.The conversation with Bogumil Baranowski explores profound themes that resonate with anyone feeling trapped by conventional definitions of success. Anne-Laure introduces transformative concepts including the distinction between Kronos (chronological) and Kairos (opportune moment) time, encouraging listeners to reconsider their relationship with productivity. She advocates for "intentional imperfection" as a pathway to growth and introduces "growth loops" as a practical framework for continuous learning.Particularly compelling is Anne-Laure's discussion of "dancing with chaos" – embracing uncertainty not as something to fear, but as a catalyst for creativity and unexpected opportunities. She thoughtfully reframes the concept of legacy, suggesting that "generativity" – making meaningful contributions in the present – matters more than posthumous recognition.The episode culminates in a powerful redefinition of success: not as the achievement of predetermined milestones, but as the freedom to experiment, explore diverse paths, and remain curious throughout life. Anne-Laure provides practical strategies for breaking free from limiting cognitive scripts and implementing tiny experiments that can lead to profound personal transformation.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
[SPECIAL ANNOUNCEMENT: If you are interested in meeting me, the host of Talking Billions, please fill out the form here, both in-person and virtual meetings are available until my calendar fills up: FORM available HERE]My guest today is Oliver Burkeman, he is the New York Times and UK Sunday Times bestselling author Four Thousand Weeks, and of the newly released Meditations for Mortals: Four Weeks to Embrace Your Limitations and Make Time for What Counts. He writes about productivity, mortality, the power of limits and building a meaningful life in an age of distraction. After a decade in Brooklyn, he now lives in the North York Moors in England.www.oliverburkeman.com SummaryIn this conversation, Oliver Burkeman discusses the themes of productivity, mortality, and the limitations of time. He reflects on his childhood influences, the clash between infinite ambitions and finite time, and the concept of productivity debt.Burkeman emphasizes the importance of accepting our limitations, navigating information overload, and trusting ourselves to handle future challenges. He advocates for a balance between present enjoyment and future planning, encouraging listeners to embrace the reality of their finite lives while still pursuing meaningful goals. In this conversation,Bogumil Baranowski and Oliver Burkeman explore profound themes surrounding wealth, productivity, mortality, and the nature of success. They discuss the concept of 'dying with zero', the importance of completing tasks, and the value of embracing unpredictability in life. Burkeman emphasizes the significance of recognizing our finite existence and how it shapes our priorities and actions.The dialogue also touches on the idea of working fewer hours effectively and the relationship between time and wealth, ultimately leading to a deeper understanding of what it means to live a meaningful life.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
[SPECIAL ANNOUNCEMENT: If you are interested in meeting me, the host of Talking Billions, please fill out the form here, both in-person and virtual meetings are available until my calendar fills up: FORM available HERE]Jonny Miller is the founder of Nervous System Mastery, a course that has helped 1000+ high-performing humans from all walks of life, cultivate calm, reduce nervousness, enhance resilience, and elevate their sense of aliveness. He is the host of a terrific podcast, Curious Humans with Jonny Miller.SummaryIn this conversation, Johnny Miller, shares insights on emotional literacy, the importance of understanding the nervous system, and how our experiences shape our emotional responses. He discusses the concept of emotional debt, the role of interoception in self-awareness, and the shift from control-based to unfolding-based personal development.Jonny emphasizes the significance of emotions in decision-making and the need for practices that cultivate calmness and resilience. In this conversation, we explore various themes related to emotional regulation, energy management, and personal growth.My guest discusses the importance of creating conditions for calm, navigating emotions, and the significance of interoceptive awareness. The conversation delves into the concept of life experiments, the pathless path of finding community, and the transformative experiences of sensory deprivation and surfing. Ultimately, they reflect on the deeper meanings of success and parenthood.Show notes links: Jonny's course, Nervous System Mastery is a 5-week bootcamp teaching science-backed protocols to cultivate greater calm and agency over your internal state. Enrolment closes Feb 28. Save $250 with code BILLIONS. Apply here. Have you experienced anxiety, burnout or lack of focus? Take Jonny's zero-cost Nervous System Quotient (NSQ) self-assessment to find out how regulated you are. Get your scorePodcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
[SPECIAL ANNOUNCEMENT: If you are interested in meeting me, the host of Talking Billions, please fill out the form here, both in-person and virtual meetings are available until my calendar fills up: FORM available HERE]Lou Marchetti is a curious mind in search of deeper understanding. I see him as a high-performing professional and an athlete. His life literally came to a complete stop, and he is here with us today to tell a story like no other.SummaryIn this conversation, Lou Marchetti shares his profound journey from a high-achieving finance professional to a survivor of cardiac arrest. He reflects on his childhood, the pressures of achievement, and the pivotal moment that changed his life.Lou discusses his relationship with money, the drive for acceptance, and the lessons learned from his near-death experience. He emphasizes the importance of self-discovery and the need to stop and reflect on one's life choices. In this conversation, Lou shares his transformative journey through a sabbatical that allowed him to embrace rest, reflection, and meaningful connections.He explains the importance of curiosity, the lessons learned from his experiences, and how he is redefining success in his life. The dialogue emphasizes the need for personal growth, the value of living in the moment, and the significance of community and connection in our lives.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Brendan Hughes, he is an investor, an analyst, and an author.
Brendan has more than a decade of industry experience in investments and public finance. For the last several years, Brendan has worked for Lafayette Investments, where he manages a portion of the $800 million in assets under management, primarily for high-net-worth individuals.
Brendan is the author of two books: Markets in Chaos: A History of Market Crises Around the World and The Wandering Investor.
Brendan is a Chartered Financial Analyst (CFA) charterholder. He has served on various boards and committees including the James Madison University College of Business Board of Advisors (former Associate Board Member), Cystic Fibrosis Foundation’s Maryland Chapter (Board Member), CanEducate (Board Member for a charitable organization that helps schools in developing countries such as Haiti), ZERV Inc. (former Board Member for a Canadian technology start-up that was acquired) and the Member Engagement Committee for CFA Society Washington D.C. (former Committee Member). Brendan is a two-time winner of the Tomorrow’s Leader Award for his contributions to the Cystic Fibrosis Foundation.
Summary
In this conversation, Brendan Hughes discusses the complexities of government debt, the impact of demographics, and the historical context of economic crises. He draws parallels between current economic conditions and past events, particularly the 1970s and the situations in Japan and China. The discussion also covers the success of the U.S. economy and the implications of passive investing on market dynamics.
In this conversation, Bogumil Baranowski and Brendan Hughes delve into the complexities of investing, focusing on the dynamics of passive investing, the nature of risk, and the importance of cash flow in evaluating corporate earnings. They discuss the evolving landscape of consumer staples and technology companies, strategies for effective saving, and the impact of political and economic factors on investment decisions. The conversation also highlights the significance of travel as a means of learning and understanding different cultures and markets.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is a stock analyst, investor, and author.
Brett Gardner is an analyst at Discerene Group LP, a private investment partnership that invests globally and pursues a fundamental, contrarian, long-term value investing philosophy. Prior to joining Discerene, Brett worked at multiple investment firms.
A St. John’s University graduate and CFA Charterholder, Brett currently resides in New York City.
We discuss his new book Buffett’s Early Investments: A new investigation into the decades when Warren Buffett earned his best returns. The book discusses the ten investments that legendary investor Warren Buffett made in the 1950s and 1960s—earning him his first millions—and uncovers unique insights in the process.
Summary
We discuss Brett's upbringing, his relationship with money, and the influence of figures like Charlie Munger and Ben Graham on Buffett's investment philosophy.
The conversation delves into the factors that contributed to Buffett's outperformance, the importance of capital allocation, and the lessons learned from early mistakes in investing. Brett shares insights from his interactions with Buffett and Munger, highlighting the significance of personal experiences in shaping investment strategies.
In this episode, Brett delves into the investment strategies of Warren Buffett, exploring his emotional decision-making, the economic context of his investments, and the lessons learned from various case studies, including American Express and British Columbia Power.
We discuss the importance of understanding market conditions, the nature of investment categories, and the challenges faced in retail investments, ultimately highlighting Buffett's resilience and ambition in the world of investing.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Paul Podolsky is an author, podcaster, journalist, and investor who spent time in Russia in the 1990s, and then worked on Wall Street for over two decades, much of it at Bridgewater Associates, the world’s largest hedge fund, with Ray Dalio as his boss. His father worked on the Manhattan Project, with Robert Oppenheimer as his boss. Today, we talk about his newest book, an absolute delight to read — The Uncomfortable Truth About Money: How to live with uncertainty and learn to think for yourself
Summary
In this conversation, Paul Podolsky shares his journey from a challenging childhood marked by loss to a successful career in finance. He discusses his experiences in Russia during the 1990s, the lessons learned about money and security, and the importance of understanding economics.
Paul reflects on his time at Bridgewater Associates under Ray Dalio, emphasizing the unpredictability of wealth and the necessity of financial literacy. The discussion also touches on the significance of curiosity and continual learning in both investing and life. In this conversation, Paul and Bogumil explore the intricate nature of investing, the importance of embracing uniqueness, and the psychological implications of wealth.
They discuss insights from notable investors like George Soros, the challenges of navigating change and disruption in the market, and the necessity of maintaining calm amidst volatility. The dialogue culminates in a reflection on the true meaning of success and the responsibilities that come with wealth.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Dr Jordan Grumet, author, doctor, podcaster. In his work, he explores a variety of topics, from financial independence to happiness, meaning, purpose, and more.
We talk about his newly released book: The Purpose Code: How to Unlock Meaning, Maximize Happiness, and Leave a Lasting Legacy.
Jordan Grumet, born in Evanston, Illinois in 1973, found the spark to become a doctor after a deeply personal event reshaped his life's trajectory. The unexpected loss of his father, an oncologist, ignited a passion within him to practice medicine and instilled a unique vantage point that later melded seamlessly with his financial expertise. This convergence of roles has spurred him to explore profound notions like wealth, abundance, and financial independence with a thoughtful and critical lens.
With a profound understanding of both medicine and finance, Jordan unveiled his thoughts through blogging, specifically focusing on financial independence and wellness. This passion culminated in the launch of the Earn & Invest podcast in 2018. His dedication bore fruit in 2019 when he was honored with the Plutus Award for Best New Personal Finance Podcast, followed by consecutive nominations for Best Personal Finance Podcast of the year in 2020 and 2021.
In August 2022, Jordan's literary pursuit took shape as his book, Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life was published by Ulysses Press. His second book, The Purpose Code, will be published January 2025 by Harriman House Press. Jordan's journey intertwines medical insight and financial wisdom, resonating deeply with those seeking a balanced, meaningful life.
jordangrumet.com
Summary
He explores the concept of purpose anxiety, differentiating between 'Big P' and 'Little P' purpose, and emphasizes the need to focus on meaningful activities rather than just financial goals.
The discussion also touches on the balance between time and money, the anxieties that arise once financial worries are alleviated, and the life review process used with dying patients to reflect on their lives and find closure.
He emphasizes the balance between meaning and purpose as essential components of happiness, and the significance of pursuing activities that bring joy, regardless of monetary gain.
Grumet introduces the concepts of purpose anchors and climbs, illustrating how to build a life filled with purpose. He highlights the importance of generational growth over wealth and explores the two types of regrets—action and inaction—while providing insights on how to navigate these regrets towards a fulfilling life. Ultimately, he defines success as having control over one's calendar, filled with activities that bring joy and purpose.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
NO ADVICE OF ANY KIND.
My guest today is Dr. Gautam Gulati, known to most as Dr. G.
He is a visionary health artist who designs luxury spaces that embody health and longevity.
As the founder of The Well Home, he envisions and transforms homes into wellness sanctuaries that promote health and prevent disease.
With over 25 years of experience, Dr. G has significantly impacted global brands by challenging the status quo and inspiring innovation.
Dubbed "the Rick Rubin of audio storytelling," he captivates audiences with his award-winning audio docuseries called SUPERHUMANS.
When off duty, Dr. G could easily be mistaken for Bollywood royalty. He captivates audiences worldwide as a renowned keynote speaker and cherishes outdoor life with his family in Great Falls, VA.
Please join me in welcoming Dr. G for an in-depth conversation that explores his unconventional journey as an award-winning doctor and designer, and why he now calls himself an 'asset manager'.
Summary
In this conversation, Dr. Gautam Gulati, a visionary health artist and founder of The Well Home, discusses his journey from a family of medical professionals to his current role as an asset manager of health. He emphasizes the importance of holistic health, the power of storytelling in healing, and the significance of purpose in achieving longevity.
Dr. Gulati shares insights on how our biographies shape our biology and the need for a more integrated approach to health that includes mental, emotional, and financial well-being. He also reflects on the transformative power of public speaking and the connections formed through shared stories.
In this conversation, Dr. Gautam Gulati and Bogumil Baranowski explore the significance of in-person interactions, the role of innovation in driving change, and the obstacles that hinder progress. They discuss the importance of designing living spaces that promote health and wellness, particularly in the context of aging and chronic conditions. The conversation culminates in a discussion about defining success holistically, emphasizing the freedom to live life on one's own terms.
Company:
https://www.thewellho.me/
Speaking (health): https://www.thewellho.me/speaking Speaking (innovation):
https://www.drgautamgulati.com/
Audio Docuseries: www.superhumans.health LinkedIn: https://www.linkedin.com/in/gautamgulati/ Instagram: https://www.instagram.com/drgautamgulati/
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Adam Bruderly, he is a coach for executives, families, and entrepreneurs who want more than just success—they want to flourish. His approach is grounded in four key pillars of wellness: physical, mental, financial, and spiritual. Adam's life changed forever at 9:03 AM on 9/11, a pivotal moment that redefined his purpose and set him on a mission to help others live with intention and fulfillment.
https://www.linkedin.com/in/adam-bruderly-bcc®-a31a2755/
https://www.journey-wealth.com/
Summary
In this conversation, Adam Bruderly shares his transformative journey following the events of 9/11, which redefined his purpose and led him to help others flourish in their lives. He discusses his upbringing, the impact of his childhood, and how the traumatic experience of 9/11 prompted him to reassess his life choices.
Adam emphasizes the importance of wellness across physical, mental, financial, and spiritual dimensions, and explores the concepts of wealth and the relationship between time and money. He advocates for a holistic approach to living a fulfilling life, focusing on experiences and personal growth.
In this conversation, Adam Bruderly and Bogumil Baranowski explore the intricate relationship between time, money, and personal fulfillment. They discuss the importance of prioritizing experiences over material wealth, the role of community in personal growth, and the concept of intentional change.
The dialogue emphasizes the need to reflect on life’s regrets and the significance of defining success in broader terms than just financial metrics. Ultimately, the conversation serves as a reminder to live intentionally and leave a positive impact on the world around us.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
1[SPECIAL ANNOUNCEMENT: If you are interested in meeting me, the host of Talking Billions, please fill out the form here, both in-person and virtual meetings are available until my calendar fills up: FORM available HERE]NONE OF THE STOCKS MENTIONED ARE RECOMMENDATIONS, NO INVESTMENT ADVICE; DO YOUR OWN RESEARCH.My guest today is Christopher P. Bloomstran, CFA. He is the President and Chief Investment Officer of Semper Augustus Investments Group LLC. Chris has three decades of professional investment experience with a disciplined, value-driven approach to fundamental equity and industry research. Semper Augustus manages concentrated equity portfolios of well-run, well-capitalized businesses with share prices trading below conservative appraisals of intrinsic value.SummaryIn this conversation, Christopher Bloomstran shares insights from his extensive investment career, discussing his childhood influences, his relationship with money, and the impact of mentors. He reflects on his early investment experiences, the significance of learning from Warren Buffett and Charlie Munger, and the philosophy behind his investment firm. Bloomstran also shares thoughts about market trends and emphasizes the importance of value investing and ethical management in business.He emphasizes the importance of understanding the price of investments, the need for patience in navigating market inefficiencies, and the challenges of holding cash reserves while seeking investment opportunities. He shares insights on how market dynamics affect investment decisions and the critical role of price in determining investment success.In this conversation, Chris discusses the importance of cash allocation during financial crises, the significant role of Apple in Berkshire Hathaway's portfolio, and shares the inspiring story of an unknown investor who successfully navigated market downturns. He emphasizes the importance of trust and relationships in defining success, both personally and professionally.https://www.semperaugustus.com/Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
It's a BONUS episode for you, my dear listeners, enjoy! I'm looking forward to hearing from you -- my email is on the Talking Billions website. Take a moment this holiday season and share this show with your loved ones, who would also like it. THANK YOU!!
The Infinite Game of Family Wealth Investing
Guest host: John Candeto is the Founder and Managing Partner of the Phronesis Fund. Co-Founder of JoinWDA (Workforce Data Alliance).
Summary
In this conversation, Bogumil Baranowski and John Candeto explore the intricacies of family wealth investing, drawing lessons from the book 'Brewster's Millions'. They discuss the unique nature of investing family fortunes, the importance of stewardship, and the long-term perspective required to preserve wealth across generations.
The conversation emphasizes the respect that capital requires and the strategies families can employ to ensure their wealth lasts for future generations. In this conversation, Bogumil Baranowski and John Candeto delve into the complexities of financial capital, wealth creation, and the importance of family and advisors in preserving wealth across generations.
They explore the life cycle of businesses, the significance of long-term investment strategies, and the spiritual journey of investing. The discussion also touches on the launch of Blue Infinitas Capital and the need to rethink purpose and time in wealth management, emphasizing the importance of small, meaningful contributions to life and legacy.
Michael W. Sonnenfeldt is the Founder & Chairman of TIGER 21, the premier peer membership organization for high-net-worth wealth creators and preservers, and author of Think Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs. He is a serial entrepreneur, philanthropist, and political thought leader. Through his private investment company, MUUS & Company, he has holdings in alternative energy technologies. In 1980, he led the Harborside Financial Center transformation in New Jersey, the largest U.S. commercial renovation at the time.
Summary
In this conversation, Michael Sonnenfeld, founder of Tiger 21, shares insights on the journey from entrepreneurship to investment, emphasizing the importance of delayed gratification, risk management, and the unique challenges faced by high net worth individuals.
He discusses the inception of Tiger 21, a peer membership organization for wealth creators, and the common concerns of its members as they navigate wealth preservation and investment strategies. In this conversation, Bogumil Baranowski discusses the intricacies of wealth management, the importance of compounding, and the challenges families face in navigating wealth dynamics.
He emphasizes the significance of preparing heirs for the responsibilities of wealth, the impact of generational wealth, and the economic forces of inflation and interest rates. Baranowski also reflects on the broader definition of success, highlighting the importance of philanthropy and the legacy one leaves behind.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Simon Kold is the founder of Kold Investments, a Copenhagen-based investment firm. He was previously at Novo Holdings, one of the world’s largest investment organizations. His investment experience spans both public and private markets. Simon is one of the few fund managers who also has a degree in theology and had a stint in stand-up comedy.
His book, On the Hunt for Great Companies: An Investor's Guide to Evaluating Business Quality and Durability, was published by Wiley in late October.
Summary
In this conversation, Simon Kold, founder of Kold Investments, shares his unique journey from stand-up comedy and theology to becoming a successful fund manager. He discusses the importance of understanding one's relationship with money, the pursuit of durable companies, and the significance of passion in business.
Kold emphasizes the need for long-term incentives in management compensation and the critical role of capital allocation in quality businesses. He also delves into the concept of competitive advantage, highlighting the difference between intensity and durability. In this conversation, Simon Kold and Bogumil Baranowski explore various themes in investing, including the importance of recognizing competitive disadvantages, the balance between infinite investment horizons and finite assets, and the significance of staying power and adaptability in businesses.
They discuss the concept of fair value extraction, the characteristics of an ideal future business, and the various risks that investors face. The conversation concludes with reflections on success and the personal journey of writing a book that combines humor with investment philosophy.
You can find resources related to the book on Simon’s personal author website simonkold.com
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
It’s Dan’s second time on the show — I highly recommend finding the earlier episode.
My guest today is Dr. Daniel Crosby. He is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. He is the best-selling author of four books. His latest book will be the focus of our conversations today — it’s called The Soul of Wealth: 50 Reflections on Money and Meaning.
https://www.standarddeviationspod.com/episodes
In this conversation, Dr. Daniel Crosby, a psychologist and behavioral finance expert, discusses his latest book, 'The Soul of Wealth,' which explores the deeper meanings of money and wealth. He emphasizes that true wealth transcends mere financial accumulation and is intertwined with personal values, relationships, and purpose.
The discussion covers various themes, including the regrets associated with work, the detrimental effects of comparison on happiness, the significance of meaning in financial decisions, and the importance of delayed gratification as a life strategy. Crosby argues that understanding our relationship with money can lead to a more fulfilling and content life.
In this conversation, Daniel Crosby discusses the complexities of human behavior regarding money, the influence of upbringing on financial decisions, and the importance of professional guidance in managing wealth. He emphasizes the value of delayed gratification, the evolutionary context of decision-making, and the significance of time over money.
Crosby also shares personal anecdotes and insights on how historical lessons can inform modern financial practices, ultimately advocating for a mindset of radical optimism in investing and the pursuit of freedom through wealth.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Professor Aswath Damodaran, who teaches corporate finance and valuation at the Stern School of Business at NYU. He says that he is a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about his experiences. He believes that businesses, education, publishing and financial services are all big, inefficiently run and deserve to be disrupted. He believes he may not have the power to change the status quo in any of the three, but he can stir the pot.
Summary
In this conversation, Professor Aswath Damodaran discusses his journey in corporate finance and valuation, reflecting on the lessons learned from financial crises and the importance of understanding the corporate life cycle.
He emphasizes the unique characteristics of the U.S. startup ecosystem, the significance of management styles at different stages of a company's life, and the evolving nature of ownership in businesses.
The discussion highlights the need for investors to adapt their strategies based on the life cycle of companies and the importance of recognizing uncertainty as a feature of investing.
In this conversation, Professor Damodaran discusses various themes related to investing, including the shifting investor base, the role of founders, lessons from family businesses, the balance between survival and thriving, and the complexities of investment quality versus management quality. He emphasizes the importance of comfort investments, the need to embrace uncertainty, and the broader definition of success that goes beyond mere wealth accumulation.
https://aswathdamodaran.blogspot.com/
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
It's Chris' third time on the show -- check out the earlier episodes, both are among the top ten all-time downloads.
My guest today is Chris Mayer, he is a professional investor, best-selling author, expert on general semantics and more.
He is a portfolio manager and co-founder of Woodlock House Family Capital, and the author of 100 bagger, How do you know, Dear Fellow Time Binder, World Right Side Up, and Invest Like a Dealmaker.
It’s his third time on the show — consider listening to the previous two episodes before or along with this. It’s always such a joy to speak with Chris, and this episode is no different. Enjoy!
Summary
In this conversation, Chris Mayer discusses the nuances of investing, emphasizing the importance of clear communication with investors, the long-term perspective of family wealth, and the evolution of investment research. He highlights the significance of patience in compounding, the role of catalysts in stock performance, and the need to embrace uncertainty.
Chris also contrasts dynamic and static value investing, explores the impact of passive investing on market dynamics, and reflects on how general semantics has influenced his investment thinking. In this conversation, Chris and Bogumil explore the themes of lifelong learning, the importance of humility in understanding knowledge, and the principles of investing that should be passed down to future generations.
They discuss the mindset of an immortal investor, the impact of news on market perceptions, and the significance of quality over startup risks in investment strategies. The conversation also delves into cultivating patience in an impatient world, the nature of success and failure, and the subjective understanding of quality in business.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Brent Beshore, he is the founder and CEO of Permanent Equity, a private equity firm that uses 30-year funds to invest in and partner with companies that care what happens next.
He is the author of a wonderful book: The Messy Marketplace, Selling Your Business in a World of Imperfect Buyers.
Summary
In this conversation, Brent Beshore, founder and CEO of Permanent Equity, discusses his unique approach to private equity, emphasizing long-term ownership and the importance of understanding the businesses he acquires.
He shares insights from his upbringing, his journey into investing, and the reasons why business owners choose to sell.
Brent highlights the significance of customer loyalty and the characteristics of ideal businesses, while also addressing the challenges of running a small business.
In this conversation, Brent Beshore discusses the complexities of buying and selling businesses, emphasizing the human elements involved in transactions. He explores the chaos often present in small businesses, the reasons owners choose to sell, and the importance of treating people with care and respect.
Beshore also highlights the significance of long-term perspectives in business, the challenges faced post-sale, and how success is redefined through a focus on flourishing and healing rather than mere financial outcomes.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Barrett Brooks, he helps founders of mission-driven companies grow into CEOs capable of making an impact at scale. He is an executive coach, host of a popular podcast, Good Work, and author of a weekly newsletter on leading well.
Summary
Barrett Brooks believes business can be a powerful force for good under the right leadership. He’s dedicated his career to helping people reach their potential and then apply that potential to solving hard but important societal problems.
Barrett has found a servant’s heart, altruistic mindset, and a high standard of excellence to be key leadership qualities for building a better world.
In this conversation, Barrett Brooks shares insights from his journey as an executive coach and leader, emphasizing the importance of childhood influences on leadership styles, the mission-driven approach to work, and the evolving landscape of remote work.
He discusses his experience as COO of ConvertKit, the significance of falling in love with problems, and the common lessons learned from exceptional founders he has interviewed.
In this conversation, Bogumil Baranowski and Barrett Brooks explore the importance of unique perspectives, meaningful connections, and the role of expertise in achieving success. They discuss the significance of subtle elements in interactions, the value of creating inclusive environments at conferences, and the transformative power of personal introductions.
Barrett shares insights on Internal Family Systems as a tool for understanding oneself and emphasizes the necessity of building expertise before starting a business. Ultimately, they define success as fostering environments that enable personal transformation and connection.
Barrettbrooks.com
Barrettbrooks.com/coaching
GoodWorkShow.com
Twitter.com/barrettabrooks
LinkedIn.com/in/barrettabrooks
Instagram.com/coachbarrettbrooks
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Jared Dillian he is a writer, trader, musician, entrepreneur, and educator, he is an author of many excellent books, among them No Worries: How to live a stress-free financial life, Street Freak: Money and Madness of Lehman, All the Evil in this World, and most recently, Night Moves and Other Stories.
https://www.jareddillian.com/
Summary
In this engaging conversation, Jared Dillian shares his multifaceted journey as a writer, trader, and educator. He reflects on his childhood, the evolution of his financial perspectives, and the psychological aspects of spending money.
Dillian emphasizes the importance of enjoying money, the transition from accumulating to spending, and the joy of philanthropy. He also discusses his experiences at Lehman Brothers and the invaluable lesson of time management in both life and finance.
Finally, he introduces his passion for short stories and the significance of emotional impact in literature. In this engaging conversation, Jared Dillian discusses the emotional depth of storytelling, particularly in his latest collection of short stories.
He reflects on the challenges of writing, the themes of self-sabotage and sudden wealth, and the complexities of managing newfound riches.
Dillian shares personal anecdotes about his upbringing and the lack of role models in his community, emphasizing the importance of seeking out opportunities.
The discussion also touches on the definition of success, the impact of writing, and Dillian's upcoming projects.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Tom Morgan. He has spent the last twenty years in business and finance. He describes himself as a Curiosity Sherpa to Billionaires. He has been seeking out the most interesting ideas and thinkers for curious people, mostly recently through his venture called the Leading Edge.
Tom Morgan and I delve into his journey from a thriving finance career to founding The Leading Edge, a community dedicated to personal transformation. We discuss the impact of his viral talk on the brain's left and right hemispheres, the challenges of balancing success with happiness, and the emotional nuances of wealth management. Tom highlights the value of community, emotional intelligence, and a shift in perspective for achieving genuine fulfillment.
Together, we explore themes like wisdom, subtlety, intuition, and the future of capitalism. The conversation touches on the importance of subtlety in cultivating wisdom, the role of intuition in investment decisions, and the significance of dreams in self-discovery.
We also examine reframing reality, fostering originality in an oversaturated information world, and the potential for community building within a shifting capitalist framework. Ultimately, the discussion underscores wisdom's role in life satisfaction and advocates for a more integrated approach to navigating modern complexities.
Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Nick Van Rensburg, he is a macro strategist with a particular interest in tail risks. He joined financial markets in 1996 at a bank trading equities and later equity derivatives. He spent 10 years at South Africa's first hedge fund where he started covering commodities, which exposed me to macro.
In this conversation, I speak with Nick Van Rensburg, a macro strategist, about the implications and risks of passive investing. We explore the historical context of passive investing, its rapid growth, and the potential dangers it poses to market stability. Nick emphasizes the role of behavioral finance and the human element in investing, underscoring how passive strategies can contribute to market bubbles and crashes.
We also discuss the need for active management and the potential consequences of a market dominated by passive strategies, including the fragility it introduces. Our conversation touches on alternative investment strategies, such as equal-weighted indexes, and we conclude with reflections on the nature of success in investing and the importance of being mindful of the risks associated with passive investing.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today Paul Millerd — he is the author of the hugely successful book The Pathless Path: Imagining a New Story For Work and Life, and now his brand new book Good Work: Reclaiming Your Inner Ambition — to me he is the ultimate guide to a life better lived.
In this conversation, Paul Millerd discusses his journey from a conventional career path to embracing a more fulfilling and unconventional approach to work and life. He shares insights from his books, 'The Pathless Path' and 'Good Work', emphasizing the importance of redefining success, the value of time, and the significance of pursuing work that aligns with one's true self. Millerd encourages listeners to embrace uncertainty, support others in their pursuits, and find meaning beyond traditional measures of success.
https://pmillerd.com/
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
BONUS EPISODE!
Full Credit for this episode goes to Justin Castelli, a fellow curious mind, podcaster, and an all around passionate, kind, human being.
Justin Castelli: I had the opportunity to return the favor and Bogumil Baranowski on LifeDesign+ after appearing on his podcast, Talking Billions.
It was fun to turn the tables on Bogumil, who is a phenomenal podcast host and learn more about his story, how he is living his authentic life helping families create and manage generational wealth, and more.
Find the original episode here: https://www.justincastelli.io/lifedesignpluspod/189 — learn more about Justin, and the work he does —
https://www.justincastelli.io/
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Howard Lichstrahl, a dear friend, fellow investor, and investment advisor with many decades of experience and a solo operator of a successful, long-lasting investment practice. Howard and I have shared many calls and meals over the years, and this is our first-ever recorded conversation.
We start with a chance encounter with the legendary Irving Kahn, Benjamin Graham’s teaching assistant, who changed the course of Howard’s life. We continue with a lifetime of investment stories and experience. Howard has lots to share about the long-term success investing in stocks.
Takeaways:
Investing requires time and patience for compounding to work.
Human nature often leads to emotional decision-making in investing.
Understanding market dynamics is crucial for successful investing.
Long-term thinking is essential for achieving financial success.
The investment philosophy should align with client expectations.
Market crashes reveal the importance of maintaining perspective.
The evolution of technology has changed investment practices significantly.
Successful investing is about understanding the underlying businesses.
Defining success goes beyond financial metrics to include personal fulfillment.
Building relationships with clients is key to sustainable investing.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is a family business advisor helping enterprising families navigate the intricacies of being family in a family organization. His experience in supporting families comes from both his own experience as the 3rd generation owner and board member of a global family business as well as his experience as an entrepreneur, coach, management consultant, and seminarian.
https://family.inc/
Takeways:
Growing up in a family business shapes one's identity.
Community perceptions can impact family dynamics.
Family businesses often have a longer investment horizon.
Professionalizing operations is crucial for sustainability.
High-performing families can pivot in challenging industries.
Employee relationships are prioritized in family businesses.
Navigating wealth requires understanding and communication.
Family first: prioritize relationships over business.
Liquidity options can help family members exit gracefully.
Understanding past challenges informs future decisions.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Julia Carreon, a Business Transformation and Integration Executive. In her own words, in an industry rife with friction and failed projects, she leads teams that are in the 1% of executing reimagined client/advisor experiences. Today, we are talking about the Future of Wealth Management, digital transformation and more.
https://www.linkedin.com/pulse/make-mistake-gen-zs-social-skills-fierce-julia-c-carreon/
https://www.linkedin.com/posts/julia-c-carreon-8318674_courage-opinions-leadership-activity-7201617334648676353-_1dd?utm_source=share&utm_medium=member_ios
Takeaways
Julia's childhood experiences shaped her views on money and power.
Technology should enhance human interaction, not replace it.
Gen Z will demand seamless digital experiences in wealth management.
Understanding generational differences is crucial for effective communication. Listening to clients can reveal valuable insights for service improvement.
Change management is essential for adopting new technologies.
Respecting clients' time enhances the quality of interactions.
Success is defined by the impact you have on others.
Involving the next generation in wealth management is vital for future success.
Leadership is about serving others and fostering their growth.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Ted Seides is a famous podcaster, renowned industry expert, and a best selling author who is all about compounding knowledge and relationships. We are talking about his new book **Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals**
https://www.capitalallocators.com/
Takeaways
Ted Seides emphasizes the importance of aligning incentives in private equity.
Private equity managers own a significant portion of the economy, around 10,000 businesses.
The media often portrays private equity negatively, focusing on failures rather than successes.
Private equity allows for more control and decision-making compared to public markets. The evolution of private equity has led to increased competition and higher prices.
Employee ownership can drive business success and improve performance.
The investment horizon in private equity is typically three to five years, but some firms seek to hold longer.
Different owners bring unique expertise to businesses at various stages of growth. Permanent capital structures could change the landscape of private equity investing.
Success is defined personally, focusing on fulfillment and enjoyment in work.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Derek Sivers is a musician, circus performer, entrepreneur and speaker. He is a slow thinker, explorer, and loves a different point of view. He is a California native living in New Zealand.
https://sive.rs/
Today, we discuss his new book that may shed a different light on the beliefs we hold.
Takeaways
Almost nothing people say is true
Your thoughts aren’t true
Ideas can be useful, not true
Which perspective empowers you?
Reframe: find better perspectives
Traits of useful beliefs and perspectives
Adopt what works for you now
You are what you pretend to be
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Podcast Program – Disclosure Statement
It's a delightful conversation with one and only Jim O'Shaughnessy
My guest today is Jim O’Shaughnessy a Wall Street veteran, founder, investor, venture capitalist, best selling author, successful podcaster, who is pursuing his curiosity in yet another direction through O’Shaughnessy Ventures.
Takeaways
Jim's childhood shaped his views on money and success.
The importance of humility in investing is crucial.
Success is not a destination but a continuous journey.
AI can enhance human creativity and productivity.
Failure should be viewed as a learning opportunity.
Building relationships with 'treadmill friends' is vital.
The market often reflects human emotions and behaviors.
Podcasting allows for the exploration of infinite topics.
The COVID pandemic accelerated changes in work culture.
Tinkering and creativity are essential in today's world.
https://www.osv.llc/
https://www.infiniteloopspodcast.com/
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Philippe Gijsels. He is the Chief Strategist at BNP Paribas Fortis and a co-author of the book ( with Koen De Leus) World Economy in 5 Trends: Investing in Times of Superinflation, Hyperinnovation, and Climate Transition.
Takeaways
Childhood experiences can shape one's relationship with money and career path.
The world is changing profoundly, and it's important to adapt to new trends and challenges.
Owning real assets is crucial in an inflationary world.
The three windows of knowledge, trends, and interaction provide a comprehensive view of the world.
Innovation is a key driver of productivity and can shape the future.
Despite the expectation that productivity gains would lead to shorter work hours, people are still working the same hours as their grandparents.
Being open to changing one's mind and adapting to new information is crucial in investing and in life.
The interviews with famous dead economists provide insights into their thoughts and perspectives on long-term and economic issues.
The alligator principle in trend following emphasizes the importance of cutting losses quickly to avoid further damage.
The world is interconnected, and our actions have consequences for the planet and future generations.
The transition to renewable energy is necessary to address climate change, but it requires innovation and investment in battery technology.
Interest rates play a significant role in the economy and financial markets, and their movements can impact various asset classes.
Understanding the impact of inflation and interest rates is crucial for stock market performance.
The US has a unique position in a globalized world, with the dollar as the world's reserve currency.
Changing demographics present both challenges and opportunities.
Human connection and storytelling remain essential in an increasingly technological world.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Dave Specht is the Director of the Drucker School Global Family Business Institute. His professional mission is to, Preserve Families and Perpetuate Businesses. He is the author of, “The Family Business Whisperer” and thought leader on topics surrounding generational continuity of businesses and family wealth. Prior to his current role, he trained 2,500 top advisors/bankers at a Private Bank on family dynamics and generational wealth issues.
Dave is the creator of the Certificate in Advising Family Enterprises and the co-creator of The Generational Wealth Masterclass with Jay Hughes. Prior to his work at the bank, he founded Advising Generations, a consulting firm and established the Family Business Management program at the University of Nebraska. Dave lives in Washington state with his wife and 6 children.
Takeaways
The upbringing of individuals significantly shapes their relationship with money and business ownership.
Ownership mentality can be cultivated and is essential for future generations.
Family businesses often have a longer-term view compared to publicly traded companies.
Transparency and communication are crucial for the success of family businesses.
Spouses play a vital role in the dynamics of family businesses and should be included in decision-making.
Wealth should be redefined to encompass well-being and qualitative capitals, not just financial capital.
Gratitude, goals, and grit are essential values to instill in children raised in wealthy families.
Successful family businesses often have a clear purpose beyond just making money.
The transition of family businesses can be emotional and requires careful planning.
Empathy is crucial for advisors working with families in transition.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
A wonderful discussion with a very thoughtful host and a good friend.
This interview was conducted by Senior Investment Advisor Edward Vesely at The Motley Fool Australia, a company whose approach to investing prioritizes buying and holding quality stocks for long periods of time, focusing on business fundamentals rather than on stocks’ short-term price changes. This interview is reproduced here with The Motley Fool’s permission, and full credit goes to them.
Bogumil Baranowski discusses long-term investing and the generation of wealth beyond one's own lifetime. He emphasizes the importance of viewing stocks as small pieces of businesses and the unique opportunity the stock market provides for individuals to become shareholders in great businesses. Baranowski believes in the power of an infinite investment horizon and the ability to build wealth that spans generations. He suggests involving trusted advisors and professionals to help manage intergenerational wealth and bridge the gap between generations.
Baranowski encourages individuals to take an interest in managing their own finances and to see investing as a second career. Investing in high-quality companies in various industries is a fascinating opportunity. Education and learning about investments are crucial for making informed decisions. Building a close relationship with clients and understanding the businesses they own is important.
Success in investing is an ongoing experience of being useful, adding value, and having fun. It's essential to remember that investing means owning businesses. Volatility and market downturns should be expected, and reacting emotionally can lead to poor decisions. Having a long-term perspective and staying invested is key. The ultimate goal is to reach a point where work becomes optional and financial independence is achieved.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Justin Castelli is a life planner, advisor, and creator. He is the founder of RLS Wealth, a registered investment adviser based in Fishers, Indiana, a co-founder of Advisors Growing as a Community (The AGC), the host of the LifeDesign+ podcast, and author of the Daily Notes. But, most importantly, he is a husband and a father to three boys.
Justin has been in the profession since graduating from college in 2004 and has had a unique journey giving him experience and exposure to different versions of a financial advisor before launching RLS Wealth in 2015 to have more control over his life and business. Since moving to the independent RIA space with RLS Wealth, Justin was named a top advisor to watch by Financial Advisor Magazine in 2019 and has been the recipient of Investopedia’s 100 Most Influential Advisors in 2019-2023, Investment News 40 under 40 in 2020, and a ThinkAdvisor Luminary in 2021.
Passion is the driver behind all of Justin’s endeavors and experiments in life and he is inspired to help more people find their passions and purpose in life to live their authentic lives.
Takeaways:
The Value of Financial Planning
The Pursuit of an Authentic Life
Pivoting and Learning from Wrong Paths
Embracing Lightness and Regret-Free Living
The Connection Between Living an Authentic Life and Managing Finances
Aligning Passions and Financial Rewards
The Impact of Thoreau's Walden on the Pursuit of an Authentic Life
The Significance of The Alchemist in Justin's Journey as a Creator
Creating Authentically
Building Long-Term Relationships
Lessons from Every Event
Defining Success: Being True to Myself
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Andy Busser, the CEO of Pitcairn, a 100-year-old family office. Andy is responsible for guiding the firm’s client-centric culture and overseeing all of Pitcairn’s operations. His vision for the company is to continually evolve the Pitcairn client experience by enhancing the firm’s integrated approach to sophisticated family office services for multi-generational families.Andy has a passion for solving complex problems. He also has a gift for establishing meaningful, lasting professional relationships. These traits were instrumental over the past decade as he spearheaded efforts to make Pitcairn’s client experience a standard of excellence for family office service.
Mr. Busser, shares his journey and the history of the company. He pursued leadership roles in college and throughout his career, always seeking out more responsibility. Pitcairn, founded in 1923, started as a family office for the Pitcairn family and later opened up to other wealthy families. The firm focuses on multi-generational families with significant wealth and complexity.
They take a long-term view and emphasize discipline and staying the course in investing. The conversation explores the importance of discipline, patience, and staying diversified in investing. It emphasizes the need for a trusted advisor and the value of relationships in making good financial decisions.
The conversation also touches on the challenges and opportunities of family wealth, including the transition from owning a single asset to a portfolio of businesses. It highlights the significance of communication, and values in preserving generational wealth.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Jeff Gilbert takes over Talking Billions today and asks me questions. He is a master storyteller, forensic accountant, investor, and a good friend. Scroll down, search, and find my earlier conversation with him on the show.
Jeff Gilbert, CPA is an Executive Director of Investigations where he specializes in forensic auditing. Drawing upon personal experience and using real-life case studies, he teaches at the Asper School of Business and with the Chartered Professional Accountants program. Jeff also mentors entrepreneurs and provides strategic advice to assist them in achieving their goals. He manages his own investment portfolio with a mix of public companies and private investments. A strong believer in lifelong learning, he is an avid reader and has numerous interests, including value investing and understanding various philosophies, strategies, and mental models.
In this engaging fireside chat, Bogumil Baranowski and Jeff Gilbert explore a range of topics centered around mentorship, long-term thinking, and the importance of ethics in business. They discuss the significance of building customer loyalty, the role of trust and intuition in investing, and the impact of innovation on profit pools. The conversation delves into the emotional connection to wealth and the craftsmanship model in investing, emphasizing the human element and the importance of caring in professional relationships. They also reflect on the lessons learned from historical figures like Benjamin Franklin and the philosophical lens through which investing can be viewed.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Adam Mead — he is a professional investor, founder of Mead Capital Management, and the author of a wonderful book, **The Complete Financial History of Berkshire Hathaway: A Chronological Analysis of Warren Buffett and Charlie Munger's Conglomerate Masterpiece.** He was on Talking Billions over a year ago, and he returns to talk about Berkshire, Buffett, Munger, investing, running an investment firm, and so much more.
Adam J. Mead is a life-long student of business and capital allocation.
He is the CEO and Chief Investment Officer of Mead Capital Management, LLC. Adam is also the founder of watchlistinvesting.com, a value investing newsletter.
Adam spent over a decade in banking in commercial credit, including observing first-hand the aftereffects of the Great Recession and the long credit expansion afterward.
Adam has been investing in public securities markets since 2004. He owned two small businesses (non-financial) during college, and grew up in a family of small business owners. In addition to managing assets for his clients at Mead Capital, he is involved with numerous local non-profit organizations.
Adam holds a Master of Business Administration from Southern New Hampshire University, from which he graduated Summa Cum Laude in 2013. Previously he graduated Summa Cum Laude from Southern New Hampshire University in 2008 with an undergraduate degree in Business Studies and a Minor in Economics.
Twitter: @BRK_Student
LinkedIn: https://www.linkedin.com/in/adam-j-mead-ab621822/
YouTube: https://www.youtube.com/channel/UCzKKNwxRUKekpN1id4QVyHg
Blog:
http://www.theoraclesclassroom.com
Newsletter:
http://watchlistinvesting.com
Takeaways
Attending Berkshire Hathaway's annual meetings creates a sense of community and reminds investors of the principles and values they follow.
Treating shareholders with respect and recognizing their importance is a key aspect of running a successful business.
Investing is driven by curiosity and a desire to understand how the world works.
Managing other people's money is a responsibility that requires empathy, understanding, and the ability to address clients' behavioral challenges.
Resilience is important in investing, and it can be developed through experience and a deep understanding of the businesses in which one invests.
Running an investment firm involves a range of responsibilities, from attracting and retaining clients to navigating regulatory requirements.
Starting an investment firm involves navigating regulatory requirements and making decisions about fee structures and operational processes.
Building relationships with clients and earning their trust is crucial in the client-advisor dynamic.
Staying small as a firm can offer advantages such as flexibility and the ability to focus on high-value activities.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
My guest today is Cristina Espinal. She was born in Venezuela, lived in the US and Asia, made the UK her home, and joined me from Madrid today.
After a successful first career, she decided to pivot, follow, and trust her curiosity.
She helps ambitious mid-career professionals gain the clarity and confidence to secure bigger, more aligned roles and turn their uniqueness into a side business. Her Play Big newsletter is a fascinating read—all links are in the notes below.
She has a great passion for the work she does and shares many inspiring stories. I learned a lot and enjoyed this discussion very much—I trust you will, too.
My dear friend Matt Zeigler had something to do with connecting us—thank you, Matt. You are one of Talking Billions' patron saints, but you know it already. If you are not following Matt, you should—look up his Cultish Creative blog, Just Press Record, and the Intentional Investor Podcast—both are phenomenal, and I’m not just saying that—I read, watch, and listen to all three.
Please help me welcome Cristina Espinal!
Takeaways:
Self-reflection and understanding our stories and beliefs are crucial for personal growth. There are multiple paths to making a difference, and it's important to define success on your own terms. Playing big means uncovering who you are and challenging the default path. Expanders, people who inspire, challenge, support, and are vulnerable, can help us grow and achieve our goals. Stress addiction is a societal issue that keeps individuals in a constant state of chronic stress. Defining success based on personal values and having an inner scorecard leads to fulfillment. Rejection can be seen as a redirection towards a more aligned path. Rejection can lead to new opportunities and a more aligned path. Confidence is a skill that can be developed through taking small steps outside of one's comfort zone. Trust is built through vulnerability and the willingness to make oneself important to someone else. Asking better questions involves being present, leading with curiosity and compassion, and considering the context. Infinite games are those that bring joy and fulfillment, and they should be prioritized in life.
https://playbig.beehiiv.com/
https://www.linkedin.com/in/cristinaespinal/
https://www.linkedin.com/posts/cristinaespinal_in-june-2020-my-career-hit-a-wall-i-was-activity-7171852818574745600-RqCG
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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