William Bernstein Discusses Neurology and Investment
Play episode · 1 hr 37 min

Bloomberg Opinion columnist Barry Ritholtz interviews William J. Bernstein, a neurologist and co-founder of the investment management firm Efficient Frontier Advisors. Bernstein has written several titles on finance and economic history, including “The Birth of Plenty,” “A Splendid Exchange” and “Masters of the Word,” about, respectively, the economic growth inflection of the early 19th century, the history of world trade, and the effects of access to technology on human relations and politics. He was also the 2017 winner of the James R. Vertin Award from CFA Institute.

Invest Like the Best
Invest Like the Best
Patrick O'Shaughnessy
Ben Gilbert and David Rosenthal of Acquired - Lessons on Early Stage Investing and Getting Acquired - [Invest Like the Best, EP.196]
My guests today are Ben Gilbert and David Rosenthal. Ben and David are investors but also the duo behind the Acquired podcast, which is one of my favorite podcasts that dives deep into business history and famous acquisitions. I recommend you check it out. In this conversation, we review of some of the greatest corporate acquisitions of all time and also discuss investing lessons Ben and David have learned across their careers. I hope you enjoy my conversation with Ben and David. This episode is brought to you by Koyfin, one of the fastest growing fintech startups. I discovered Koyfin earlier this year when I asked twitter for the best Bloomberg alternative, and the overwhelming winner was an intriguing new product called Koyfin. Koyfin has tons of high-quality data, powerful functionality, and a nice clean interface. If you’re an individual investor, research analyst, portfolio manager, or financial advisor, you should definitely check them out. Sign up for free at koyfin.com This episode of Invest Like The Best is also sponsored by Assure. Assure is changing the way investors manage private transactions. This episode of Invest Like The Best is also sponsored by Assure. Assure is changing the way investors manage private transactions. With Assure, investors can eliminate nearly all the admin cost of private investment. On top of that, they handle all the backend, legal, taxes, accounting, and compliance. All of it, with a straightforward one-time fee. Learn more and try Assure for yourself at assure.co/Patrick. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes (2:29) – (First question) – What they look for in new founders based on more experienced managers they’ve worked with (5:07) – Difference between emerging vs legacy market (9:17) – Research steps to determine if a market can get big enough to invest in (12:08) – Working with other firms for doing an initial investment round (15:42) – Recent trends in the supply of capital and number of founders in the VC space (18:56) – Lessons they have learned studying corporate transactions (24:13) – How do startups transform once they are acquired to increase their multiples so much (28:10) – What they learned from deliberations that take place within the acquiring company (30:39) – Most interesting deal for them to unpack (32:44) – What are features of a business that is difficult for others to replicate (35:52) – Any company that are intimidated to go up against (37:37) – Who would they follow (38:52) – Blake Robbins Podcast Episode (39:09) – Missing pieces in their skill set (41:43) – Early green shoots (44:40) – Lessons from Alaska Airlines acquisition and the value of scarcity (47:07) – Kindest thing anyone has done for them Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag
52 min
All-In with Chamath, Jason, Sacks & Friedberg
All-In with Chamath, Jason, Sacks & Friedberg
Jason Calacanis
E10: Twitter & Facebook botch censorship (again), the publisher vs. distributor debate & more
Follow the crew: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Sacks' blog post on Section 230: https://medium.com/craft-ventures/rip-section-230-1112dfad3fac Referenced in the show: NY Post Hunter Biden Story https://nypost.com/2020/10/14/email-reveals-how-hunter-biden-introduced-ukrainian-biz-man-to-dad/ Twitter's explanation for censoring it https://twitter.com/TwitterSafety/status/1316525303930458115 Facebook's explanation for censoring it https://twitter.com/andymstone/status/1316395902479872000 Updated CDC survival rates https://twitter.com/adam_creighton/status/1308652790823051264?s=21 Show Notes: 0:00 The besties catch up on the news 1:29 NY Post Hunter Biden story & censorship by Twitter/Facebook 7:27 What is section 230 & how does it play into the publisher vs. distributor debate 13:23 Distinguishing between publishers & distributors 28:30 Why Twitter & Facebook's actions with the NY Post were a huge blunder & crossed a line, should the laws be rewritten? 37:21 Trump beats COVID, what that means for better treatment options, dueling town halls 46:14 Sacks explains his stance on Prop 13 & Zuckerberg's pro-Prop 15 lobbying 54:34 Thoughts on Amy Coney Barrett & Biden's large lead in the polls
1 hr 4 min
We Study Billionaires - The Investor’s Podcast Network
We Study Billionaires - The Investor’s Podcast Network
The Investor's Podcast Network
TIP319: Intrinsic Value Assessment of Charles Schwab w/ Arif Karim (Business Podcast)
In this episode, you'll learn: * What is the intrinsic value of Charles Schwab * The importance of networking effects in wealth management  * Why the two most important metrics in wealth management is AUM growth and NIM * How to value a financial service company  * What the expectation is for inflation, and the impact for Charles Schwab  * Ask the Investors: When do you understand an asset well enough to invest in it?  BOOKS AND RESOURCES MENTIONED IN THIS EPISODE * Arif Karim’s company, Ensemble Capital * Ensemble Capital’s educational blog * Ensemble Capital’s Twitter * Subscribe to "Real Vision: Finance, Business & Global Economy” on Apple Podcasts, Spotify or wherever you listen to podcasts. * Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged.  * Make hiring efficient and effective. Get a quality candidate within the first day with ZipRecruiter.  * BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today. * Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired. * Capital One. This is Banking Reimagined. What’s in your wallet? * Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing. * Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business. * Browse through all our episodes (complete with transcripts) here * Support our free podcast by supporting our sponsors
1 hr
Equity Monday 10/19
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and don’t forget to check out last Friday’s episode. * American equities are set to rise, which is good news for the startup-VC world as it means that the current up-cycle will continue. But the good public market is not landing evenly, as Europe sees its VC-backed IPO tally lag the rest of the world. * The biggest recent news stories in tech and venture were Alibaba's enormous Sun Art deal that echoes the Amazon-Whole Foods deal at first blush, and SpaceX's latest success. The quiet weekend could herald the return of a slower, holiday news cycle as we close in on November. On the funding front, we found three super cool startups: * AiFi raised $14.5 million in a round that Crunchbase News covered. Autonomous, checkout-free stores? Count us in. * Lawmatics raised a $2.5 million Seed round. The startup does vertical SaaS (CRM, marketing) for lawyers. That just sounds lucrative. * And then there was Chiper, which put together a $12 million round to help build out its ecommerce service in Latin America. Investors Monashees, Kaszek Ventures, and WIND Ventures put the money up. And to close we took a look at some Q3 2020 data from CBInsights and Crunchbase News. That's all we got. The show is back in just a few days. Hugs!
9 min
Hidden Forces
Hidden Forces
Demetri Kofinas
The Kill Chain: Defending America in the Future of High-Tech Warfare | Chris Brose
In Episode 159 of Hidden Forces, Demetri Kofinas speaks with Chris Brose, fmr. Staff Director of the Senate Armed Services Committee, a fmr. speechwriter to two Secretaries of State, and the current Head of Strategy at Anduril Industries, a defense product company working at the bleeding edge of innovation in defense strategy, procurement, and development. This is a conversation about the story that the American public tells itself about the strength and primacy of American military power and how that story has increasingly fallen out of step with the reality of how our military operates, the technologies it has at its disposal, and the threat that countries like Russia and China pose to America’s battle-networks, systems, and platforms. How do we navigate these challenges while still trying to maintain peace and security both at home and abroad? How is the nature of warfare changing, and how can America’s military evolve to meet the challenge posed by new systems of automated warfare, next-generation weaponry, and shorter development cycles? And as we work to meet these challenges, how do we guard against the weakening of our civil and political institutions in an effort to overcome them? These are just a few of the questions that Chris and Demetri tackle in the first part of today’s conversation. In the overtime, the two discuss some of the initiatives and projects that Chris is most excited about at Anduril, and how the company is revolutionizing the way we think about the relationship between commercial technologies and military technologies, battle networks and platforms, as well as the overall budgetary procurement and acquisition process. You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed Write us a review on Apple Podcasts Subscribe to our mailing list through the Hidden Forces Website Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at http://patreon.com/hiddenforces Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Episode Recorded on 10/13/2020
1 hr 2 min
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