Episodit
-
This is a free preview of a paid episode. To hear more, visit paulpodolsky.substack.com
Man has always asked the question: what is it all about?
J. Krishnamurti, 1969
Stories are intrinsic to being human, a survival mechanism. Some forms of storyâpoetryâcan be created virtually for free and othersâmovie makingâcost millions of dollars. But just because we need something, doesnât mean itâs easy money.
Whatâs a good business? Monopolies (toll bridges), massive economies of scale (big tech), products people are addicted to (cigarettes), and services you are legally obligated to buy (insurance) all offer good cash flow even if some of them, like cigarettes, are terrible for you. Making movies is far cooler than any of these businesses but faces a structural challenge. Supply is unlimited and demand (our time) is fixed.
Thatâs why I wanted to talk to Mike DâAlto, the founder of First Gen Content, a film finance and production company that has made the films Bird, Catch the Fair One, Call Jane, and On Swift Horses. Mike co-founded the company with three others: Claude Amadeo, Randal Sandler, and Chris Triana. Mike and I both share a passion for stories and business. Many storytellers donât understand finance; many business people donât understand stories. Mike is the rare person with an understanding of each.
The basic issue is stories and businesses operate on different time frames. You can only measure good art over long time frames, like centuries. Does it have staying power? Yet, we measure business acumen in quarters or years. Any storyteller who is not independently wealthy must navigate these opposing realities.
Also, before turning to the investment update, I want to share that one of the previous podcast guests, George Manahan, testified before Congress, the link to his testimony is here, before the passage of the National Plan to End Parkinsonâs Act. Iâm hopeful this podcast gave him a platform to share his message.
Investment Update
-
This is a free preview of a paid episode. To hear more, visit paulpodolsky.substack.com
âIn spite of all the farmerâs work and worry, he canât reach down to where the seed is slowly transmuted into summer. The earth bestows.â
Rainer Maria Rilke, 1875-1926
The difference between the Soviet Union and the United States is the former repelled people and the latter attracted (and continues to attract) them. Thatâs true despite the USâs many flaws. The attraction is related to an idea that is abstract until you lose itâfreedom. Thatâs what led Rob Koyfmanâs parents to leave Ukraine many years ago and come to New Jersey.
An element of liberty is the ability to create a business from scratch. Yes, many of these businesses fail and being an entrepreneur is hard. Yet, the pride in ownership is fundamental, like cooking your own food versus eating in a cafeteria. Still Press Media is a creation out of thin air, ditto Kate Capital. Rob has been an entrepreneur longer than me and created something amazing, Koyfin.
For those not in finance, some context is helpful. In regular life, only two companies create the phones most of us use, Apple and Samsung. In finance, one company, Bloomberg, has a lock on the software many professionals use. A single subscription costs about $35,000 without all the bells and whistles. While many have tried to disrupt this business, little has worked. Mike Bloomberg is worth over $100 billion.
Robâs product, Koyfin, is making inroads into that cash flow kingdom. I was interested in his path and philosophy so I cold emailed him and he was kind enough to share his story.
A few highlights:
On the balance between ego and humility:
âYou donât have to be an egomaniac, you donât have to be an a*****e to also be ambitious and confident.â
On choosing what features to add and what to leave out of Koyfin:
âWe are so constrained on resources we need to be very focussed in what we deliver.â
A surprising insight:
âHaving someone who can communicate well is a superpower.â
I am leaving tomorrow morning for a multi-day wedding. Iâll try to find time to update you with my thoughts on markets, but the post wonât come out Friday. To my US readers, Happy Memorial Day.
-
Puuttuva jakso?
-
This is a free preview of a paid episode. To hear more, visit paulpodolsky.substack.com
We hear about sanctions all the time. Biden just put more on China.
Do they matter? If so, in what way?J provides a framework to help us all understand.
This is Jâs second appearance. In our conversation last year, here, you can hear Jâs background and how he created his shipping advisory service, Value Investorâs Edge.
He is the perfect guy to discuss sâŠ
-
Send us a Text Message.
David is former CIA and the author of Damascus Station and Moscow X.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Barton is trained as an accountant and equity investor. We all know how much tech is driving the stock market. He sheds light on how to make sense of what is going on.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Jim returns to the show to share his perspective on Ukraine, the border and the November election.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Jason is an accountant, fluent Chinese speaker and Wall Street veteran. I always learn from my talks with Jason and I think you will too.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Ivan is a renowned college sports journalist and the father of three, one of whom took his own life. It's a terrifying story and one we all need to hear.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Scott Nelson is the Georgia Athletic Association Professor of History at the University of Georgia and an expert in the history of commodities. In this podcast he shares the history of grain and the impact on Ukraine, global commerce and Russia.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Page is the Director of the Saltzman Institute of War and Peace Studies and
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
Harold Brown Professor of US National and Security Policy at Columbia University. She is an expert in how wars begin and end.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Remy is a comedian and YouTube star. His father emigrated from Iraq and his mother from Lebanon and some of his humor is Arab-centric.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Yasheng is the author of The Rise and Fall of the East, How Exams, Autocracy, Stability and Technology brought China Success, and Why They Might Lead to Its Decline. He is a professor at MIT's Sloan School of Management.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Yashca is a professor at Johns Hopkins and founder of the digital magazine Persuasion.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Bill is the author of several books. His most recent is a joint-effort with renowned doctor Peter Attia on how to increase your odds of not getting heart disease, dementia, diabetes or cancer or, in short, how to live well.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Spencer founded Probable Futures to help us all become climate change literate. Before that he was Director of Investment Research at Wellington Management. He holds a PhD from Harvard.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Leonid is a drone operator on Ukraine's front lines. This conversation is a bit "salty" so if that's jarring, don't listen.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Faye is the co-founder of Dipsea, which produces "short and sexy" audio stories designed by and targeted to women. She talks about finding her path, erotica and what makes a good story.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Francisco was born in Venezuela and later watched that country's Democracy implode. He is now a journalist, a contributing editor to Persuasion and an expert on both Latin America and populism.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Chris Murphy is a Democratic US Senator representing Connecticut.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe -
Send us a Text Message.
Dachi is a civil rights activist in Georgian (Tbilisi not the US state) and a key member of the organization Shame. I met him on my trip there and recorded our conversation in Shame's Tbilisi office.
Talking Trading - Expert trading tactics so you can excel in the sharemarket.
This is how traders and investors excel.Listen on: Apple Podcasts Spotify
Support the Show.
This is a public episode. If youâd like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com/subscribe - Näytä enemmän