Fri, 5 February 2016
John G. Taft is CEO of RBC Wealth Management in the U.S. Mr. Taft is responsible for RBC's wealth management growth strategy in the U.S. which consists of helping clients achieve their financial objectives through a full- service wealth management offering (investment management, retirement planning, cash management, credit and lending, insurance trust, estate planning and other solutions); and enhancing the productivity of financial advisors and relationship managers in RBC's Private Client Group, Correspondent Services, Advisor Services and U.S.-based international businesses.
Mr. Taft has worked in financial services since 1981. He has served as Chairman-Elect and Chairman of the Securities Industry and Financial Markets Association (SIFMA), the leading securities industry trade group representing securities firms, banks and asset managers in the United States. He is an industry thought leader who frequently speaks at government and industry events and who is widely quoted in the media. He is also executive sponsor of the firm's PRIDE group, representing the interests of LGBT employees and clients.
He is the author of “A Force for Good: How Enlightened Finance Can Restore Faith in Capitalism,” for which Mr. Taft gathered more than 20 industry leaders to share their fresh perspectives on creating solutions for positive social outcomes and a sustainable financial future. He is also the author of "Stewardship: Lessons Learned from the Lost Culture of Wall Street," which explores the importance of stewardship as a core principle.
Jason talks with John about the state of the financial services industry today, what it COULD be, and how we can get it there again.
[4:10] Why Wall Street falls into the cycle of corruption at least once every generation
[5:22] If anyone actually goes to work on Wall Street to help people
[6:39] John gives a surprise example of a country whose financial sector is doing what we want ours to do, but with a lot fewer financial institutions
[7:33] Why financial services institutions actually exist (hint: it's not to make money for the share holders)
[8:56] Why the original reasoning for Wall Street is so important, and where you can look today to prove that it's still true
[10:22] The important fact about capitalism that gets lost in the income inequality discussion
[12:37] Real markets vs the expectations market and the importance of keeping them separate
[15:36] Trying to find a solution to the reoccurring financial services industry problems, whether that be more regulation, less regulation, or something out of left field
[18:11] The "Future of Finance" initiative being done by the Charter Financial Analysts to try and bring morality back into the financial services industry
[19:03] Why the term "financial innovation" doesn't have to make you cringe and shield your wallet
[20:48] RBC Wealth Management's views on their belief that we're in a long term secular bull market for equities
Robert Shiller's book - Finance and the Good Society
Direct download: AMA_139_John_Taft.mp3
-- posted at: 5:09pm EST
Fri, 29 January 2016
Cheryl Bachelder is the author of the new book "Dare to serve: How to Drive Superior Results by Serving Others". Cheryl has served as CEO of Popeyes Louisiana Kitchen, Inc. since 2007. Ms. Bachelder has led a remarkable turnaround of the company’s financial results with a compelling strategic roadmap for growth and an inspiring purpose and set of principles. The results – industry leading performance for the franchise owners and the shareholders. Ms. Bachelder has more than 35 years of experience in brand building, operations and public-company management at companies like Yum Brands, Domino’s Pizza, RJR Nabisco, The Gillette Company and The Procter & Gamble Company.
At the time of Ms. Bachelder’s 2007 appointment to CEO, Popeyes’ guest visits had been declining for years, restaurant sales and profit trends were negative. The company stock price had dropped from $34 in 2002 to $13. The brand was stagnant, and relations between the company and its franchise owners were strained. Ms. Bachelder and her team created a workplace where people were treated with respect and dignity yet challenged to perform at the highest level. Silos and self were set aside in favor of collaboration and team play. And the results were measured with rigor and discipline.
By 2014, average restaurant sales were up 25 percent, and profits were up 40 percent. Popeyes’ market share had grown from 14 percent to 21 percent, and the stock price was over $40. In 2012, Ms. Bachelder was recognized as Leader of the Year by the Women’s Foodservice Forum and received the highest industry award, the Silver Plate, for the quick service restaurant sector, presented by the International Food Manufacturer’s Association. She was also recognized as a 2012 Nation’s Restaurant News’ Golden Chain Award recipient.
[4:23] Why the mom and pop restaurants seem to be fading away and being replaced by franchises
[6:52] How restaurants are starting to implement analytics and technology to get ahead in the marketplace
[10:19] How Popeye's is starting to forecast demand of their customers
[12:20] What a $15 minimum wage would mean to companies like Popeye's
[17:18] How having Louisiana roots has led to Popeye's differentiate from the competitors
Direct download: AMA_138_Cheryl_Bachelder.mp3
-- posted at: 11:22pm EST
Fri, 22 January 2016
Chris Martenson, PhD (Duke), MBA (Cornell) is an economic researcher and futurist specializing in energy and resource depletion, and co-founder of PeakProsperity.com (along with Adam Taggart). He is also author of the book "Prosper!: How To Prepare for the Future and Create a World Worth Inheriting" As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar: The Crash Course which has also been published in book form (Wiley, March 2011). It's a popular and extremely well-regarded distillation of the interconnected forces in the Economy, Energy and the Environment (the "Three Es" as Chris calls them) that are shaping the future, one that will be defined by increasing challenges to growth as we have known it.
[4:22] How Brazil's debt and dropping commodity prices are destroying the nation
[8:10] Japan's population peak and what will become of their nation once all the youth leave
[12:21] What would actually happen to our economy if we actually normalized interest rates
[19:26] How exposed banks might be because of their use of derivatives
[24:57] Unsustainable trends that are going to have to stop, but when will the ball drop?
[30:52] Why Chris has been out of the market for a few years and when he'll consider getting back in
[34:00] The coming robotic revolution and how it will reshape our society
[37:12] What's going to happen by 2030 that should really make us consider what we're investing in as a country
[40:35] Why emotional capital is going to be so important moving forward
Direct download: AMA_137_Chris_Martenson.mp3
-- posted at: 11:57pm EST
Sat, 16 January 2016
Eric is from Detroit, Michigan. He was politically interested from an early age, and in the late 1960s, he began to follow political developments through magazines and the Wall Street Journal. In 1976, he attended a speech in Detroit by economist Milton Friedman. It happened to be the day that Friedman was awarded the Nobel Prize in Economics.
From late 1973 to early 1976, Eric worked running drill presses at Detroit Broach and Machine where he was a member of the United Steelworkers of America, Local 7489. Eric’s direct political activities began in 1976 with a contribution to the Libertarian Party presidential campaign of Roger MacBride. Eric read about the sweeping regulations of campaign activities based on the 1974 Federal Election Campaign Act amendments, which were sold as a response to Watergate. Their actual intent, and the result, was to handicap challengers and therefore entrench incumbents. Many aspects of the law were ruled unconstitutional in the 1976 Buckley v. Valeo decision, but unfortunately the Supreme Court decided to rewrite the law rather than reject it.
Eric is currently a part of The Wisconsin Club for Growth and Citizens for Self Governance.
[4:07] How governmental resources are being used to shut down political speech
[9:13] The impact of Citizens United and the truth behind it
[14:06] How we can stop the entrenched politicians and impose term limits
[20:31] The monologue vs dialogue media
Direct download: AMA_136_Eric_OKeefe.mp3
-- posted at: 1:16am EST
Sun, 13 December 2015
Real estate was not Marshall’s first business avenue. At the age of 14 he started a successful vending business, growing to over 400 machines in 4 years. In college, Marshall ran a lawn-mowing business, servicing over 200 foreclosed home through a government contract with the Veteran’s Administration.
In September of 2014 Marshall Saunders sold his half ownership of RE/MAX Results to his business partner to pursue his interest in community funded real estate. Marshall was a Broker/Owner in RE/MAX Results since October 2008, in which time the company doubled its number of agents and offices and grew to become the largest RE/MAX franchise in the world. Before being Broker/Owner, Marshall was a Sales Executive with RE/MAX Results for 10 years, specializing in investment property, corporate relocation, and transitioning first-time homeowners from renters to buyers.
[4:29] How crowdfunding is changing the rules of investing
[8:04] How the Jobs Act changed over 100 years of law and changed everything
[13:13] If crowdfundings growth and use in real esate will push prices higher
[19:02] Why banks might just end up loving clients who use crowdfunding
[21:56] How crowdfunding investments with real estate would look
[24:53] Why banks seem to let homes go into foreclosure rather than helping borrowers
Direct download: AMA_135_Marshall_Saunders.mp3
-- posted at: 12:20am EST
Sat, 5 December 2015
John Addison has been engaging and inspiring audiences with his relatable leadership message for more than two decades. As former Co-CEO of Primerica, John has worked side by side with many of the titans of American business: Art, Williams, Sandy Weill, Jamie Dimon, Bob Lipp, Pete Dawkins, and Joe Plumeri – to name a few. John has a magnetic stage presence and is highly sought after as a public speaker.
[5:31] The biggest competition Primerica faces as they target the middle class workers
[9:23] How complicated your financial future actually needs to be
[14:20] Buying homes and avoiding "ghost houses"
[18:26] How John was able to take Primerica public in the time of no IPOs
[24:58] John's views on the economy today and how the middle class' views of the system are impacting it
[30:51] How reactions to bad events grow the government and how we should maybe look at it instead
[34:58] The challenge to America that no politicians are talking about right now
Direct download: AMA_134_John_Addison.mp3
-- posted at: 10:03pm EST
Fri, 27 November 2015
Tren Griffin is a Senior Director at Microsoft, doing strategy, competitive analysis and business development, with a focus on software platforms and business models. He creates and helps execute "go to market" plans, working closely with the engineering and marketing teams. Before that, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw with investments in software, communications and other technology industries including Nextel, Nextel Partners and many start-up firms. During some of this time served as an officer of portfolio companies XO Communications (VP Strategy) and Teledesic (VP Business Development).
Tren recently released his new book, Charlie Munger: The Complete Investor. The book presents the essential steps of Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham’s value-investing system, Munger’s approach is straightforward enough that even novices can apply it to their portfolios. Not simply about stock picking, it's about cultivating mental models for your whole life, but especially for your investments.
[3:57] What you're looking for as a value investor
[8:42] How FOMO is hurting investors and how value investing avoids it
[13:35] If the corruption on Wall Street is impacting the Munger's and Buffett's of the world
[19:09] If the level of intelligence and activity on Wall Street makes it impossible for the average investor to have an edge
[24:03] Why the Warren Buffett's of the world don't care what the market is doing right now and in the near future
Direct download: AMA_133_Tren_Griffin.mp3
-- posted at: 8:54pm EST
Fri, 20 November 2015
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy.
He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
Wood remains a leading expert on the elitist Trilateral Commission, their policies and achievements in creating their self-proclaimed “New International Economic Order” which is the essence of Sustainable Development on a global scale.
[5:36] Where Orwell and Huxley fit into technocracy
[10:41] Why sustainability, while it sounds good, is a dangerous road
[15:53] What's solving our problems (hint: it's not government, charities or communism) and externalities
[19:33] What current threats we're facing
[24:41] The quest for immortality
Direct download: AMA_132_Patrick_Wood.mp3
-- posted at: 4:00am EST
Sat, 14 November 2015
Christopher C. Horner is the author of "Red Hot Lies, How Global Warming Alarmists Use Threats, Fraud & Deception to Keep You Misinformed". He also serves as a senior fellow at the Competitive Enterprise Institute. An attorney in Washington, DC Horner has represented CEI as well as scientists and Members of the U.S. House and Senate on matters of environmental policy in the federal courts and the Supreme Court.
He has been a contributor in the Washington Times, National Review Online and Washington Examiner opinion pages, a guest columnist for United Press International, Energy Tribune and Spain's Actualidad Economica, and regularly contributed to the Brussels legislative news magazine EU Reporter. He has also written in Investor's Business Daily's opinion and the Wall Street Journal's letters pages.
[5:22] England's soaring energy prices and how many seniors are dying each winter due to the inability to heat
[10:01] The belief of environmentalists that people are the scourge of the Earth and what they're missing
[15:37] The media's role in the climate change debate
Direct download: AMA_131_Chris_Horner.mp3
-- posted at: 12:47am EST
Fri, 6 November 2015
Jason Hartman talks with Mark Ford, an American author, entrepreneur, publisher, real estate investor, filmmaker, art collector, and consultant to the direct marketing and publishing industries.
Ford is the author of essays and books on entrepreneurship, wealth-building, economics, and copywriting. He has also written a book of poetry and a book on word use titled Words that Work.
Ford's business writing is published under the pen name Michael Masterson. His books, Automatic Wealth and Ready, Fire, Aim, were recognized on the Wall Street Journal and New York Times Best Sellers lists.
Ford is active in real estate development both in the United States and abroad.
[3:07] The history of the financial newsletter
[10:04] Breaking down "Ready, Fire, Aim"
[13:33] His movie making ventures
[17:42] Finding your optimal selling proposition
[23:05] Real estate investing
[28:53] How we let some industries teach us terribly
Direct download: AMA_130_Mark_Ford.mp3
-- posted at: 6:14pm EST