Capital Club

Jeff Henriksen is the Founder and CEO of Thorpe Abbotts Capital, a behavioral-focused hedge fund focused on exploiting systematic biases in public markets.Listen in!Key Highlights:[00:01 - 13:24]  Behavioral Finance and the Stock MarketHuman beings are influenced by biases and these can lead to mistakes in investment decisionsThe efficient market hypothesis and why individual investors cannot outperform the marketCrowd wisdom on making accurate predictions based on the collective knowledgeHow the measure of free cash flow and the discount rate of an evaluation are affected.[13:25 - 39:06] Beware of Systematic Investor BiasThe levels of happiness based on gains and losses relative to a reference pointRisk-seeking behavior has profound implications on markets and security pricesHow revenues and debt levels do not become indicative of distressBeware of value trap companies - looking promising but may be eroding rapidly[39:07 - 41:29]  The Importance of Disproving Your Own ViewsMarkets are a lot more efficient than a lot of active managers realizeStart out most investment thesis from a bearish perspective and disprove the bearish thesisTo not be overly optimistic that the market's just throwing out great opportunities all the time[41:30 - 42:57] Closing SegmentEmail Jeff via jeff@thorpeabbottscapital.com and check out his website https://thorpeabbottscapital.com/ for more information!Key Quotes:“If your job as an investor is to go out and try to beat the market, you know, our view has always been well, I want to find out what parts of the market have a lot of correlated errors, then I can exploit or have a higher probability of having higher correlated errors because those were the mistakes exist. And that's where we can find an opportunity.” - Jeff Henriksen“What I've learned is to be very critical of our own views. And to not take the market's judgment lightly.” - Jeff HenriksenConnect with Jeff:Website: https://thorpeabbottscapital.com/ Email: jeff@thorpeabbottscapital.com Resources MentionedThinking, Fast and Slow by Daniel KahnemanConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

With over 35 years of experience, Chris's philosophy boils down to being a humanist and an optimist. He doesn't believe in the dichotomy of high potential vs. low potential human beings but rather that, in the right circumstances with the right support, resources, and knowledge, everyone is capable of great things.Listen in!Key Highlights:[00:01 - 15:40]  A Deeper Look into Generational DynamicsHumans are not designed for the masses but for small groups of peopleRealizing the harm with generational stereotypes - they are more based on perception Generations are not destiny - their experiences and upbringing shape who they becomeGenerational narratives are not global or universal - they apply to a certain segment.[15:41 - 30:18]  How Boomers Parent Their Millennial Children DiffersThe parenting model differs in each generation, and this creates tension between parentsParenting models should be a conversation to have to achieve awareness and responsibilityThe exponential rate of change within society is impacting generational cohortsHow the socioeconomic chasm will have a more significant impact in the future.[30:19 - 50:32]  The Move from the Implicit to the Explicit ModelBeing aware of differences entails moving away from traditional red/blue social structuresBoomers need to adapt to the changing workplace environment and away from compliance-onlyFiguring out what skills can be applied in other arenas to stay engaged in the workforceMillennials will become more entrepreneurial and less reliant on corporations[50:33 - 54:28] Closing SegmentWant to learn more about generational narratives in the workplace? Check out Chris’ book: Why I Find You Irritating: Navigating Generational Friction at Work! Key Quotes:“One of the challenges that you're faced [is that] you are seeing how this world as it were and the opportunities are out there, but they are only for those who are most prepared.” - Chris De Santis“I have more faith in the future now than it did before… The younger people are empathetic, hardworking, and smart, they seem to care, and they also care about their wellness and their mental health.” - Chris De SantisConnect with Chris:Website: https://cpdesantis.com/ Book: Why I Find You Irritating: Navigating Generational Friction at WorkPodcast: Cublie ConfidentialConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Adam Rosen is an entrepreneur that loves to support business owners and share his rollercoaster startup journey to help those on a similar path. From tech founder of an acquired startup to coaching hundreds of entrepreneurs, to traveling the world building his lead generation business where he helps startups get more sales appointments hassle-free.Listen in!Key Highlights:[01:00 - 09:51]   Grow and Sell Your BusinessDo not get your identity wrapped up in your businessBuild your business to be sold from the startBusiness growth is achieved by proper delegation, so you could focus on the more important aspect [09:52 - 14:20] Build Trust by Being RealThe difference between marketing and sales is marketing is about generating demand while sales are getting through the finish lineYou don't need to conceal who you really are to market your business. People are more drawn to authenticity and can detect when you're not being realTurn your haters to fans by being consistent and genuineAvoid overpromising but underdelivering. That's when people lose trust in you.   [14:21 - 23:42]   Set Your Business Up for SuccessCold email works if you're doing it right. Adam gets the majority of their client through this methodAvoid spammy-looking emails, be direct to the pointLess is more in sales. Keep it simple and clear especially if you cater to Gen Zs who have a short attention span. Details could sometimes create confusionThree factors to be a successful engineer:  You have to have a grit  Be hyperfocus   Be a great salespersonSales is about building trust. People buy off emotions.[23:43 - 33:59]  The Digital Nomad LifeGen Zs have different characteristics from other generations, shaped by their experience and environment. This should be taken into consideration when adding them to the workforceThey value inclusivity, stability, and authenticityAdam identifies himself as a digital nomad with employees working from anywhere in the world.Traveling for work is not vacation. You have to learn how to take care of yourself, balance your time and manage your focus.[34:00 - 35:45]  Closing SegmentWant to know how Automated cold email outreach could get you more sales?  Connect with Adam Rosen with the links below!Key Quotes: “You need to build the systems to make your business a sellable asset, right from the jump.” - Adam Rosen“But I see so many entrepreneurs, myself, I was included in that too, that just did all these tasks instead of building a repeatable system that another hire could implement for you. Because again, until you do that, that means you are the asset to your company versus your business being the asset versus the system being the asset. So those are the two biggest mistakes I constantly see. And again, we made as well.” - Adam Rosen“Because when they do see to your point that you're consistent and that you're genuine, you will stick out from any crowd.”- Adam RosenConnect with Adam:Linkedin: https://www.linkedin.com/in/adamirosenWebsite:  http://www.eocworks.comConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Ryan is the CEO & Founder of Tailwater Dental, an adjunct professor at Vanderbilt University in Nashville, and he writes publicly online at ryanmccostlin.com. He lives in Nashville with his wife and 3 young children.Listen in!Key Highlights:[00:01 - 16:43]  Tips for Managing Your Time EffectivelyRyan talks about his experience writing for himself for over a decade and how he started sharing his writings during COVID-19.The most effective people spend their time, energy, and effort on what they can actually influence. Ryan encourages listeners to focus on things they can influence rather than things they cannot.Spend most of your time on things that are important but not urgent. Parkinson's law states that work expands to fill the time available for its completion.Adopting a low-information diet can help focus on the things that matter most. Being mindful of who we are spending our time with can be beneficial..[16:44 - 44:26]  Quality Time Matters More Than Quantity TimeRyan reflects on his career journey, noting that he has had to say no to opportunities in the past to pursue his true passions.The Story of the Chinese Farmer tells us that a perceived fortune or misfortune isn’t always fortune or misfortune. Not always being happy with what we have can be a blessing in disguise, as it can help us learn and grow.The most important thing is to spend with people you love, and that quantity over quality is key when it comes to time at home.Ryan encourages employees to be proactive in their careers and shoot for goals bigger than themselves.[44:27 - 46:28] Closing SegmentCheck out Ryan’s content here - https://www.ryanmccostlin.com/! Key Quotes:“If I'm thinking through something, it helps to hold myself accountable for communicating these thoughts in a way that's accessible to others.” - Ryan McCostlin“Intimacy can't be scheduled, and tenderness can't be planned. We can't make an appointment with our children to get them to share their real secret fears and dreams.” - Ryan McCostlin“Early in our career, if we can remember that maybe our goal isn't to have a certain number in the bank account. But our goal is to be able to wake up without an alarm clock, on our own terms; that's something that's better to shoot for.” - Ryan McCostlinConnect with Ryan:Website: https://www.ryanmccostlin.com/ Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Pascal is the Co-Founder of be radical, EY’s wavespace Advisory Board Chair, and a member of Pearson’s Digital Advisory Board. Previously he held leadership positions at Google.org, Mozilla, and eBay, built technology startups, and launched a Venture Capital firm. He is the posse leader at TheHeretic.org, and is a general upstart when it comes to creating meaningful change.Listen in!Key Highlights:[00:01 - 11:42]  Do Not Fear Where Technology is Headed The Law of Accelerating Returns is the rate of change itself is accelerating.It is hard to make predictions of the future. Anyone who says they can has their own agendaTechnology can be truly transformative when we understand the underlying premise of why things happen.[11:34 - 23:20]  Investment Decisions Amidst Changing TimesYour next move, whether in business or investment, is guided by your understanding of the fundamentalsStrong leadership requires discernment and flexibility to shift the business toward the market demandYou're either at the top or bottom. If you stay in the middle, you'll completely disappear[23:21 - 38:48]  Technological Progress and Future RisksThe digitalization of business is inevitable. Every business will have to With the market data being readily available, you need to differentiate yourself from your competitor by being better and better at what you doEducation is now shifting from the traditional approach to an inquiry-based where knowing how to navigate the system and ask the right questions are much more essentialThe best thing we can leave our children is the curiosityThere will always be jobs for people in the future even, when technology takes over. We simply need to redirect our resources to where there's an actual need.[38:49 - 41:15] Closing SegmentInterested in how you could rewire yourself or your employees for future readiness? Connect with Pascal on the links below!Key Quote:“The skill you want to teach kids is curation. And the one thing you don't want to beat out of them because, unfortunately, we do it and have a tendency to do it. It's curiosity... Kids ask, like, why, why, why, why. And then the unfortunate reality is we send them to school and beat it out of them, right? We say no, no, no, stop asking why here's the book, read it. And I think that's the worst thing we can do.” - Pascal FinetteConnect with Pascal:Twitter: https://twitter.com/pfinetteLinkedin: https://www.linkedin.com/in/pfinetteWebsite: https://finette.com/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

AJ is a co-founder of Capstone Companies, the US's largest privately owned multifamily brokerage. AJ currently sits on the board of Capstone and leads his development company, Catalyst Capital Partners, which has 14 multifamily projects in various stages.Listen in!Key Highlights:[00:01 - 10:55]  The Wild Ride of Real EstateAJ started his career in real estate in 2009 when the market was still recovering from the recession.To compete with larger investment sales firms, AJ’s company developed a culture of teamwork and diligence to help them get into the business.The multifamily investment sales world has changed over the last 15 years, with more tailwinds than headwinds with the inflation rates..[10:56 - 27:20]  Starting with the End in MindAJ talks about how he began with the end in mind, considering the ways to give back to the community and be independently wealthy.The industry is strong, and the employment industry is strong, making it difficult to attract and keep good employees.Real estate investing is becoming more accessible to everyday investors, with the potential for prices to skyrocket.To be successful in investment sales, you need to be passionate about real estate, have a unique set of skills, and be willing to work hard.[25:35 - 29:10] Closing SegmentAJ’s advice to those wanting to explore the investment sales space: be charismatic, personable, hungry to learn, and willing to show up. You can apply at https://www.capstone-companies.com/careers/. Key Quotes:“I started with the end in mind looking at where I want to be when I'm 50 years old, what I want my income to be like, my assets, my lifestyle…I really want to dedicate my life to giving back, and we're building some schools in South America and Central America, something that really drove me into real estate. Just the ability to become independently wealthy and then commit to myself to doing good.” - AJ Klenk“The hardest part these days with the [real estate] industry being so strong and the employment industry being so strong is it comes down to like what kind of person you are, right? And are you attracting others?... That's always forefront of our minds is trying to find folks with high integrity that we want to be next to every day.” - AJ KlenkConnect with AJ:Capstone’s Website: https://www.capstone-companies.com/ Catalyst’s Website: https://www.catalystcp.com/ Linkedin: https://www.linkedin.com/in/andrewklenk/ Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Mike is a Director at Altfest Personal Wealth Management, helping clients with all aspects of their investment and personal financial planning lives. In addition, he is the Director of the Altfest Dental Practice Group and sits on the firm’s Financial Planning and Healthcare Professionals Committees. Mike regularly advises clients on planning for retirement, structuring investment portfolios, various financial planning areas specific to healthcare professionals, as well as on Social Security, estate planning, and charitable giving. Mike joined Altfest Personal Wealth Management in 2002 and has served in both the financial planning and investment departments. He received his BA in Russian studies from Amherst College and his MBA from the Stern School of Business at New York University. He is a CFP® licensee who graduated from the Pace University Financial Planning program and a member of the National Association of Personal Financial Advisors (NAPFA) and the New York Tax Study Group.Listen in!Key Highlights:[00:01 - 12:53]  How to Stay Calm during Market VolatilityInflation is high, markets are volatile, and clients are concerned about their investments. Mike discusses how to communicate with clients and how to stay calm during these times.Over long periods, the market is usually up, but there have been down years too. Clients can use this information to help them feel more confident about their investments.People who take action solely based on volatility and not analysis have worse returns over long periods..[12:54 - 26:56]  The Rise of Fee-Only Financial AdvisorsThe number of financial advisors in the US is growing, and fee-only advisors are a growing percentage of this population.The growth in advisors is due to increasing education about advisor conflicts of interest and the benefits of working with a fee-only advisor.Changes in the tax code, social security, and other policies are to be observed to find opportunities for higher returns on the upside or protect against risk on the downside.Mike discusses how their firm is investing in technology and developing in-house investment strategies.[26:57 - 26:56]  Questions to Ask Your Financial AdvisorComprehensive wealth management is critical - ensure that this is what the financial advisor can offer. This way, you can get to your goals faster with less stress. Check out https://www.napfa.org/ for more information.Proactive clients who ask the right questions are more likely to succeed.Delegating tasks to experts can help reduce stress and prevent over-analysis.Sometimes, the best thing to do is nothing. It may be better to take a step back to reevaluate instead of taking action triggered by panic.[36:58 - 41:57] Closing SegmentGet in touch with Mike Prendergast to learn more about wealth management!Key Quotes:“It's very easy when things are going crazy at this moment to let your emotions get take over. It's very natural…  But a few things that we need to remember is that one, you know, we've been through this before… We've had periods of extreme volatility before… and so, we'll get through this.” - Mike Prendergast“If the goal is for the medium to the long term, it usually doesn't make sense to change the strategy based on short-term, temporary events.” - Mike Prendergast“The clients that tend to be successful definitely tend to be proactive. They tend to be asking the right questions. They tend to be doing some research.” - Mike PrendergastConnect with Mike:Website: www.altfest.com/about Linkedin: https://www.linkedin.com/in/william-michael-prendergast-aa013918/ Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Stefan von Imhof is the co-founder and CEO of Alts. co, the world's largest newsletter community dedicated to alternative investing.Listen in!Key Highlights:[00:01 - 19:59]  Thinking Beyond Outside the Box in InvestingStefan von Imhof discusses how he started a newsletter focused on micro SAS and websites in 2020 during a government-imposed lockdown.The 60-40 portfolio is a popular stock and bond portfolio advice, but there are many tertiary niche strategies that are not well addressed in the mainstream.It is challenging to keep writing every week or whatever your cadence is, but it's worth it if you can find a platform and community that "feels right.".[20:00 - 36:57]  The Power of Newsletters and Strong CommunitiesStefan discusses the company's growth and how they've grown by acquiring other newsletters and websites. One of their biggest growth hacks is micro newsletter acquisitions, which has worked well for them.They also mention that asset allocation is a big part of their investment strategy and that they are bullish on collectibles and culture.The current world situation is fascinating, and investors should be aware of alternative investments to protect themselves from potential crashes.[36:58 - 38:24] Closing SegmentCheck out Stefan’s newsletter through the links below!Key Quotes:“The key [to a successful newsletter] is to grow, but not just grow for the sake of vanity metrics grow real solid subscribers.” - Stefan von Imhof“With some alternative markets, for the most part…they're just completely separate from anything related to the markets, right? And this is why alternatives are such a great option… It offers that true diversity, and it offers the true way to truly buy assets that are uncorrelated. Not to mention the other big reason, which is that, traditionally, alternatives, the returns have been fantastic.” - Stefan von ImhofConnect with Stefan:Website: https://alts.co Twitter: https://twitter.com/stefanvonimhof Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Kim Daly has spent the last 20 years helping people achieve financial freedom by enabling them to find the perfect franchise opportunities. Her skill for matching a client’s background, interests, skills, finances, and life goals to the ideal opportunity has made her one of the top franchise consultants in the country. Today, we are here to gain insights into what can seem like a daunting process - deciding on the perfect franchise to enable you to gain financial freedom.Listen in!Key Highlights:[00:01 - 12:36]  Addressing the Frequently Asked Questions about FranchisingKim Daley believes that franchising is a great way to achieve financial freedom and build a legacy.While franchising can be a great option for businesses with low fixed costs and predictable, scalable revenue, it is important to find a franchise that is a good fit for the individual owner's skills and personalitySome industries are better suited than others for franchise ownership, with sales being one key factor that leads to success. Have a strong franchisor behind it..[12:37 - 43:12]  Secrets to a Successful FranchiseA good franchisor is competitive and coachable. Successful franchisors prioritize the people placed in the business and have a strong track record.Many people turn to franchises because they see the potential for high profits, but if the franchisor is not invested in the success of their franchisees, there is little chance for success.The franchising industry has become more sophisticated, allowing for vertical scalability.[43:13 - 45:16] Closing SegmentInterested in franchising? Kim is here to help! Connect with her through the links below.Key Quote:“An entrepreneur has to be in love with the business because they're creating it, right? They're bringing something new to market, and they have to have their hands in all aspects of it.” - Kim Daly“In good times and bad, the franchise industry grows. People always want opportunities.” - Kim Daly“Ultimately, as the owner of the business, the success of that business is in your hands. So what you believe to be true is ultimately what you will make true. So we have to be careful what we believe.” - Kim DalyConnect with Kim:Youtube: https://www.youtube.com/channel/UCUJB6d4Efu5-DUFXraRdAIA Website: https://thedalycoach.com/ Linkedin: https://www.linkedin.com/in/dalykim/ Facebook: https://www.facebook.com/createwealththrufranchising Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Jesse Krieger is the Chief Content Officer of PowerFan.io where he helps authors, artists, and creators leverage NFTs, social tokens, and digital asset strategies. Jesse is also the founder & publisher of Lifestyle Entrepreneurs Press, the "Publisher for the Passionate".Listen in!Key Highlights:[00:01 - 19:20]  NFTs are More than Simply Digital TokensJesse shares how he had been an entrepreneur in his entire life starting from the music industry to dropshipping, and much more.NFTs have their value in fixed form and people may not own a fraction of it. In addition, what’s inside of NFTs can be anything. This space allows for royalty income without the middlemen.NFTs are more than simply digital tokens in your wallet - it allows for value-adds and collaboration.Jesse discusses how NFTs are similar to internet adoption. Eventually, it will capture more economic value..[19:21 - 40:11]  Join the NFT Community and Be InformedPowerFan.io helps tokenize content creators’ existing business model. Join the community to get to know more about NFT.Those listening to the episode can claim free tokens upon registering to PowerFan.io!The global changes trigger investors to be risk-averse, resulting in a down market.[40:12 - 43:41] Closing SegmentConnect with Jesse and join the community to get started on your NFT journey!Key Quote:“If you're creating or buying NFTs, you're looking at - Am I joining a community? What's going on there? What's been happening recently? what's coming up next? What is the value-added of being in that can I make connections that will help me in other places?… There is a lot of cool features and value around what the NFT gives you access to more so than what it is just as a digital token in your wallet.” Connect with Raven:Website: https://powerfan.io/ Facebook: https://facebook.com/groups/nft-universe Instagram: https://www.instagram.com/powerfanio/ TikTok: https://www.tiktok.com/@powerfanio Discord: https://discord.gg/PapSBYdZbp Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.