エピソード
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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. SummaryIn 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 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.
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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.
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エピソードを見逃しましたか？
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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.
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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.
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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.
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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.
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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.
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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 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.
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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.
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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 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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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