AZ Tech Roundtable 2.0

Taxes will be Your Biggest Expense in Retirement! Tax Protection - Buckets to Brackets

- BRT S03 EP30 (129) 7-8-2022 – Wealth for Life

 

Things We Learned This Week

• Capital Control - Tax Free $, No Losses, Principal Protection, Lock in Gains
• Top 10% Strategies – if you earn more than $140K, than top 10% earner, so most financial advice does not apply anymore
• “One Thing” Retirement Plan – 401K, & stocks (+ W2 income), has Market Risk, & no Defense
• Assets act as a hedge vs. inflation - money sitting in cash, loses value to inflation, purchase an asset that goes up in value more than inflation.

• Past – people had pensions, savings, & social security to rely on, today have to create your own retirement plan – use Tax Buckets and move money into a long term Tax Free position to defend vs rising taxes

• Tax Buckets, broken into 3 categories of Taxed (income), Tax deferred (401K), Tax Free (Roth)

 

 

Co-Host: Denver Nowicz, President - Wealth For Life

 

https://wealthforlife.net/brt/

https://twitter.com/denvernowicz 

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

 

Notes: 

 

Tax Protection – defense strategy, put money in long term tax free position

Index Strategies with IUL

 

Top 10% strategies – if you earn more than $140K, than top 10% earner and most financial advice does not apply anymore

Wealth gets more wealth – save and invest more money using leverage can grow massively thru compound interest

 

“One Thing” Retirement Plan – 401K, and stocks (+ W2 income), hope it goes up and no volatility (market risk). 90% of people are on this plan – Need to get away from this plan and diversify your retirement plan

Retirement Rule or 4% Withdrawal Rule – is outdated, and often will fund one’s lifestyle in retirement

 

More efficient use of money

Assets can act as an inflation hedge, as they increase in value when Inflation rises.

Income Streams – Good use of Harvesting type assets leads to multiple income streams

Net Worth – personal financial statement, fill out yearly and list asset values

Tax Mitigation – Top 5% hit by taxes

Tax code favors investment, business owners and people who take risks – have write offs. W2 employee gets punished.

Tax Buckets – taxable income,  tax deferred, tax free

IRS tax table to see tax bracket

$100 K at 24% = $24 K / yr X 25 years = $600 K savings

$137K, $250 K, $432 K

Top 10%, 5%, 1%

Tax rates low vs. US history

16th Amendment, 1913 – created Income Tax

70% pay little

Tax free exit –

Capital Efficiency –

Financial leverage –

Average retirement – 6x home cost

Forget retail mindset – 90% financial ed does not apply to top 10%

$100K 6 figure income with inflation – need $250 K

 

Cap. Control – no losses, principal prot.

Taxes – permanent loss of 25-50% every year

You are always Partners with the Gov’t / IRS

 

 

 

 

More Info on WFL and Tax Free Matching: HERE

 

Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life

 

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

 

Investing Topic: https://brt-show.libsyn.com/category/investing

More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

 

 

BRT Rebalance w/ Barry Ritholtz: Best of Investing 2022

- BRT S03 EP29 (128) 7-3-2022

 

Things We Learned This Week

• Masters of Business Podcast Qs - Who are your mentors? Philosophy? What books are you reading? Advice to graduates?  What do you wish you knew 30 years ago?
• Three Keys to Being an Investor: Process, Behavior, Humility
• Recession Signs to look For – States Expanding or Detracting, Sahm Rule on unemployment uptick, Yield Curve – is it inverted?

 

 

Guest: Barry Ritholtz

ABOUT BARRY RITHOLTZ & MASTERS IN BUSINESS

Bloomberg Opinion columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.

Barry Ritholtz has spent his career helping people spot their own investment errors and to learn how to better manage their own financial behaviors. He is the creator of The Big Picture, often ranked as the number one financial blog to follow by The Wall Street Journal, New York Times, and others.

Barry is the creator and host of Bloomberg's Masters in Business radio podcast, and a featured columnist at the Washington Post. He is the author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Wiley, 2009). In addition to serving as Chairman and Chief Investment Officer of Ritholtz Wealth Management, he is also on the advisory boards of Riskalyze, and Peer Street, two leading financial technology startups bringing transparency and analytics to the investment business.

Barry has named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. When not working, he can be found with his wife and their two dogs on the north shore of Long Island.

https://www.bloomberg.com/podcasts/series/master-in-business

https://ritholtzwealth.com/

 

NOTES:

Masters of Business podcast inspiration –

On a plane watching finance news, interview of reclusive Hedge Fund Manager.

Who are your mentors? Philosophy? What books are you reading?  Advice to graduates?  What do you wish you knew 30 years ago?

Three key things

Process – ability to distinguish between skill and luck. Like in sports at high levels in investment industry – differences are minimal.

ARK Cathy Wood in 2020.

Behavior – how to manage and stay calm, control limbic system, work through bad market.

Humility – acknowledge serendipity and luck in life, could have worked differently.

Gates not the first to be offered IBM deal. Other tech entrepreneurs visited Xerox Parq

Jobs master of design, even on back of machine where no one looks.

Inflation Hawks screaming for 15 years, finally right

Three signs of Recession – good indicators:

1. States – amount in expansion or contraction . Number of states growing or declining - % all 50 expanding. Philly Federal – State Coincident Indexes (get ink) hard to have recession when all states doing well.
2. Sahm Rule – unemployment uptick .75 basis points in three month period from prior lows, unemployment mid 2022 is good.

               FRED – St. Louis Fed monitors indicator (get ink)

1. Yield Curve – is it inverted? How long, how deep, careful for false positive data. Bonds interest rates long term higher than short term bonds, inverted when S/T rates higher than L/T.

               Six months is forever in economy, recession looks unlikely. 2023 – all bets off.

               Never know what disruption can occur, like Russia invading Ukraine.

 

 

Outlook for the Knicks to make the Playoffs?

Knicks will be good when they get new ownership who invests in the product. Need good quantitative analysis like how they acquired players in the heyday of the 1990s. Look at the turnaround of the NY Mets with Steve Cohen buying the team recently.

 

Best of Investing 2022

Seg. 2 of BRT S03 EP03 (102) 1-16-2022 – BRT - Retirement & Income Planning from SEP IRA, 401K, to Roth IRA + Tax Brackets to Buckets

• Retirement & Income Planning
• Qualified Plans: ie - 401K & Roth IRA
• SEP IRA for business owners, can defer 25% of income if setup correctly
• Tax Brackets - tiered system of 10%, then 12%, 22% up to 35% - with more income, pushed into higher bracket and you pay more
• Tax Buckets (3) - Taxed (W2 income), Tax Deferred (401K, IRA), Tax Free (Roth IRA, Life Insurance)

 

Denver Nowicz, President - Wealth For Life

http://wealthforlife.net/

https://twitter.com/denvernowicz 

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

 

FULL SHOW: HERE

More Info on WFL and Tax Free Matching: HERE

 

Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life

 

Link to Taxes Show on 10/31/2021 w/ Denver: Here

 

https://brt-show.libsyn.com/category/Wealth+For+Life+

 

Seg. 2 of BRT S03 EP07 (106) 2-13-2022 – The Science of Hitting (TSOH) & Investing w/ Alex Morris

FULL SHOW: HERE

https://brt-show.libsyn.com/brt-s03-ep07-106-2-13-2022-the-science-of-hitting-tsoh-investing-w-alex-morris

• The Science of Hitting (TSOH) comes from the Ted Williams baseball book on batting and strike zone observations: ie – he tracked his average in each zone of the batter box, and had a higher average when he swung at pitches in a certain zone

• TSOH Investment Philosophy is Value Investing, classic Graham / Buffet style – buy high quality co’s w/ good mgmt, L/T trends, and a Moat - Buffet quote: Investing is a game with no called strikes…can just wait for your pitch
• Long Term Investment Horizon – looking 5 to even 10 years out, for earnings and sales growth

• Key Value Drivers for a stock - Earnings Growth & quality of earnings, Price & Sale increases, ‘volume growth’
• P/E Type Metrics & GAAP Accounting is helpful but may not be useful with R&D, future sales, and volume growth. Example: Netflix – analyze cash expenditures vs. financials which have improved , what are the L/T – trends

 

Guest: Alex Morris, TSOH Investment Research

Blog - https://thescienceofhitting.com/p/my-investment-philosophy

LKIN - https://www.linkedin.com/in/alex-morris-cfa-47b87027/

Twitter - https://twitter.com/TSOH_Investing

Alex Morris, CFA publishes equities research through the TSOH Investment Research Service on Substack. He has written investment related articles on Gurufocus and worked in the finance industry (RIA's) for the past 10+ years. He is a CFA® charterholder and graduated with my MBA from the University of Florida in April 2015. Prior to starting his TSOH service, he spent ten years as an Equity Analysts at financial firms.

 

 

Seg. 2 of BRT S03 EP17 (116) 4-24-2022 – Money for the Rest of Us w/ David Stein

FULL SHOW: HERE

https://brt-show.libsyn.com/brt-s03-ep17-115-4-24-2022-money-for-the-rest-of-us-w-david-stein

• Investment vs. Speculation vs. Gambling: You must understand the difference and recognize which camp the product you’re considering is in
• The three drivers of asset class performance: These all relate to cash and earnings,  cash flow, cash flow growth and change in valuation, and how each impacts the future price of an asset class
• The Efficient Market Hypothesis vs Adaptive Market Hypothesis: which combines behavioral finance w/ EMH
• Wayfinding: An alternative to traditional rebalancing of asset allocation - use current market conditions to help evaluate where you should increase / decrease your exposure, depending on how the asset is doing currently
• Modern Portfolio Theory vs. The Asset Garden Approach when adjusting asset allocation, focused on diversification between return drivers - Like landscaping, there are rules of thumb, but there’s freedom to create and build the portfolio. And it’s much easier to make changes.

 

Guest: David Stein, Money for the Rest of Us

https://www.linkedin.com/in/jdstein/

https://moneyfortherestofus.com/

https://moneyfortherestofus.com/about/

Book: https://moneyfortherestofus.com/how-to-invest-book/

 

David Stein’s Bio:

David helps individuals become better and more confident investors through his writing, audio, and video. He hosts the personal finance podcast Money For the Rest of Us. The show reaches more than 40,000 listeners per episode and has over 10 million downloads. The podcast has received mention from The New York Times, Forbes, The Chicago Tribune, and the U.S. News and World Report.  David also provides investment insights and model portfolios to 1,000 members of the Money For the Rest of Us Plus community.  

David Stein author of Money for the Rest of Us 10 Questions to Master Successful Investing Prior to launching the podcast, David was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $33 billion investment advisory firm. 

 

 

Seg. 2 of 4/3/2022 – Options vs Stocks & Trading vs Investing w Tom Sosnoff of tastytrade

FULL SHOW: HERE

https://brt-show.libsyn.com/brt-s03-ep14-113-4-3-2022-options-vs-stocks-trading-vs-investing-w-tom-sosnoff-of-tastytrade

• Implied Volatility & Time Decay – options begins with volatility, on a clock so Mechanics (forget mind set) on how to setup a trade is key
• tastytrade is a media network based on Math (Probability & Statistics - Look at the Math), trading & focus on markets 
• Limited Profitability & Unlimited Risk when you Sell Puts w/ 80% chance of success - Be a Seller of Options – let Market beat you, slight edge
• Trade Small, Trade Often - Law of Large Numbers w/ 45 DTE Strike Price of 1 SD – Exit or Roll at 21 DTE
• Options Trading Teaches Life Lessons – Important to: take risks, learn to take risks, make quick decisions, be decisive about those decisions.

 

Guest: Tom Sosnoff of tastytrade

https://www.tastytrade.com/

https://twitter.com/tastytrade

 

Tom Sosnoff, founder and co-CEO of tastytrade

Tom Sosnoff is an online brokerage innovator and financial educator. Tom is a serial entrepreneur who co-founded thinkorswim in 1999, tastytrade in 2011, tastyworks in 2017, helped to launch the award- winning Luckbox Magazine in 2019, and in 2020 he created the first new futures exchange in 20 years, The Small Exchange. Leveraging over 20 years of experience as a CBOE market maker, Tom is driven by the passion to educate self-directed investors. A true visionary, after his years on the floor he saw the need to build and design superior software platforms and brokerage firms that specialized in complex financial strategies.

 

 

 

Seg.2 of BRT S03 EP22 (122) 5-29-2022 – The One Thing w/ Jay Papasan of Keller Williams Realty

 

FULL SHOW: HERE

https://brt-show.libsyn.com/brt-s03-ep22-122-5-29-2022-the-one-thing-w-jay-papasan-of-keller-williams-realty

 

• The One Thing – Power of Focus, Find your 1 thing - Live Purposefully & be Accountable
• Dominos - Priority in Latin = First, what is your first Domino? knock it down and all others lined up will fall
• Time Block - Focus Time the first few hours of each day, 'Battleground' - fight to block out this time
• Success has a Roadmap – it leaves clues, Modeling & Develop Habits in Life, Bus & Real Estate Investing
• Productivity Thieves - Learn to Say No, pick tasks carefully, Multitasking is a Waste of Time

 

Guest: Jay Papsan, VP of Keller Williams Realty

https://the1thing.com/

https://www.jaypapasan.com/

https://www.linkedin.com/in/jaypapasan/

https://twitter.com/jaypapasan

https://kw.com/

 

Jay Papasan is a bestselling author and serves as vice president and executive editor at Keller Williams Realty Inc, the world’s largest real estate company. He is also co-owner and co-founder of several successful businesses, including Keller INK, Keller Capital, and, alongside his wife Wendy, Papasan Properties Group in Austin, Texas.

When Jay first moved to Austin, he joined Keller Williams Realty Inc, and soon began working directly with the founder, Gary Keller. In 2003, he co-authored The Millionaire Real Estate Agent alongside Gary Keller and Dave Jenks. 

 

 

 

Clips from BRT S03 EP11 (110) 3-13-2022 – 401K – Turns Spenders into Savers w/ Jean Smart of Penelope & Ted Benna ‘Father of the 401K’

 

FULL SHOW: HERE

https://brt-show.libsyn.com/brt-s03-ep11-110-3-13-2022-401k-turns-spenders-into-savers-w-jean-smart-of-penelope-ted-benna-father-of-the-401k

 

•  401K turns Spenders into Savers

• 401K provides Tax Deferral now, lowers Taxable Income

• Penelope serves Microbiz, business of 5 – 50 employees who are underserved by major financial institutions
• Simplify choices, and streamline the 401K process, reduce fees so all size business can participate
• Ted Benna – Father of the 401K, 401K may not be appropriate to all people or business, choose 401K or IRA based on needs & size of business

 

 

Guests: Jean Smart, Founder of Penelope

https://www.penelope.co/

https://www.linkedin.com/company/penelopeco

Jean Smart is the Founder/CEO. She has overseen the building of a cloud based recordkeeping system from scratch and they have begun to take on clients. I have helped them shape what they are offering using what I have learned working with small businesses. Their goal is to help micro female and minority owned businesses pick the right plan - not just a plan.  

 

 

Guests: Ted Benna, Benna 401K

http://benna401k.com

 

 

Ted Benna, Father of the 401K, has worked in pension and retirement benefits industry for 60 years, and literally wrote the book on the 401K. He was a pioneer in the early 80s in designing the early 401K Plans, and then getting them approved by the IRS to be the model still used today.

 

Books: 

401K Forty Years Later (2018) – history of the 401K

401K & IRA for Dummies Updated Version (2021)

 

 

Ted Benna 1st appearance on BRT Podcast in 8/2021

Topic: Ted Benna, the Father of the 401k Covers It All, History, pensions, Fees & More

Full Show: HERE

 

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

More 'Best of Investing': Here

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Crossing the Chasm & Tech Adoption w/ Geoffrey Moore

- BRT S03 EP28 (127) 6-26-2022

 

Things We Learned This Week

• Crossing the Chasm book (1990) has become part of the lexicon for Tech Industry knowledge, mass influence on Tech CEOs last 25 years, constant references
• Chasm – early market vs. mainstream market
• 5 Stages of Adoption – Innovators, Early Adopters, Early Market Pragmatists, Late Majority, Laggards
• Win tech ‘primaries’, win some ‘beachheads’ & create whole niche market – get mainstream market to create momentum to the point everyone wants the product
• Legacy Co’s fail to make tech turn, because they lose money in short term shifting to new disruptive tech away from mature industry that brings in bulk of profits $

 

 

 

Guest: Geoffrey Moore

http://www.geoffreyamoore.com/

https://www.linkedin.com/in/geoffreyamoore/

https://twitter.com/geoffreyamoore

 

Bio:

Managing Director, Geoffrey Moore Consulting Venture Partner, Wildcat Venture Partners Chairman Emeritus, TCG Advisors, Chasm Institute and The Chasm Group Member of the Board of Directors of several pre-IPO Companies

Books – Crossing the Chasm, Zone to Win, Inside the Tornado, The Infinite Staircase, Escape Velocity & more… Geoffrey Moore is an author, speaker, and advisor who splits his consulting time between start-up companies in the Wildcat Venture Partners portfolios and established high-tech enterprises, most recently including Salesforce, Microsoft, Autodesk, F5Networks, Gainsight, Google, and Splunk.

Moore’s life’s work has focused on the market dynamics surrounding disruptive innovations. His first book, Crossing the Chasm, focuses on the challenges start-up companies face transitioning from early adopting to mainstream customers. It has sold more than a million copies, and its third edition has been revised such that the majority of its examples and case studies reference companies come to prominence from the past decade. Moore’s most recent work is the, The Infinite Staircase, a bold new book, high-tech’s best-known strategist makes a seminal contribution to the search for meaning in a secular era. Two questions fundamental to human existence have always been the metaphysical “where do I fit in the grand scheme of things?” and the ethical “how should I behave?” Religion is no longer a source of answers for many people, and nothing has replaced it.

Irish by heritage, Moore has yet to meet a microphone he didn’t like and gives between 50 and 80 speeches a year. One theme that has received a lot of attention recently is the transition in enterprise IT investment focus from Systems of Record to Systems of Engagement. This is driving the deployment of a new cloud infrastructure to complement the legacy client-server stack, creating massive markets for a next generation of tech industry leaders.

Moore has a bachelors in American literature from Stanford University and a PhD in English literature from the University of Washington. After teaching English for four years at Olivet College, he came back to the Bay Area with his wife and family and began a career in high tech as a training specialist. Over time he transitioned first into sales and then into marketing, finally finding his niche in marketing consulting, working first at Regis McKenna Inc, then with the three firms he helped found: The Chasm Group, Chasm Institute, and TCG Advisors. Today he is chairman emeritus of all three.

 

Notes:

Crossing the Chasm book

Crossing the Chasm, Take Two: Growing to Scale in B2B2C Markets

Crossing the Chasm (1990) has become part of the lexicon for Tech Industry knowledge, mass influence on Tech CEOs last 25 years, constant references

5 Stages of Adoption – Innovators, Early Adopters, Early Market Pragmatists, Late Majority, Laggards

Disruptive Innovation – is created & early adopters put the tech on the market

Chasm – early market vs. mainstream market.

Win tech ‘primaries’, win some ‘beachheads’ and create whole niche market – get mainstream market to create momentum to the point everyone wants the product – FOMO (Fear Of Missing Out)

i.e. – EV niche, the mainstream streaming video

Tornado phase – run like hell to keep up with demand.

1999 – Salesforce – enterprise software in cloud, SAAS mass adoption by 2010

Mid market could not afford Oracle Cloud early on, with SAAS everyone can afford.

Legacy Co’s fail to make tech turn, because they lose money in short term shifting to new disruptive tech away from mature industry that brings in bulk of profits $

All companies are Tech companies now, and everyone needs to read Geoffrey Moore’s work.

Zone To Win book about Mature Industries invest in new tech – form new second operating model for new tech model within a mature company, meanwhile old model continues asa separate division selling current long term product  

Go out of business if do not make tech transition, disrupted so much by new tech, as old tech becomes obsolete (think VCRs)

Apple, under Steve Jobs, did great R&D. Had first Mover Advantage disruptive technologies. Rare to be disruptive company – most are disrupters.

 

Good enough, fast enough – get in the game, catch up and convince clients you’re part of future.

 

Talent costs money, startups attract talent. Very hard for legacy companies to attract talent because talent wants to work on new tech.

 

Nokia lost way with disruptive smart phone. Blackberry, Blockbuster disappeared quick because of disruptive tech. Blackberry had Keypad – was disruptive tech and blown out also by smart phone spin off of new R&D tech.

 

Kodak had digital film, invented it but could not move off of print film (legacy biz) and lost market share. Amazon has constantly disrupted itself and evolved.

Fuji could not move off print film, but saved by coloring techniques.

Infinite Staircase – book, passion project of Geoffrey  

Philosophical book – complexity and emergence stitch all the science stories of Big Bang Creation of the Universe to BRT podcast in 2022 and Moral Questions of life, Where do traditional values come from now? Let’s hope AI does not take over

 

 

 

 

Flashback to: Seg. 2 of 3/6/2022

MB on Disruption in Business & The Innovator's Dilemma book by Clayton Christensen

Clayton Christensen’s book, “The Innovator’s Dilemma”

Tech Disruption – technology changes and a small company startup can up-end big tech companies. Hence,  disruption - the power of disruption, why market leaders are often set up to fail as technologies and industries change and what incumbents can do to secure their market leadership for a long time.

Innovator’s Dilemma – how can big companies stay up with tech changes and pivot without hurting core business? All businesses (including tech companies) have trouble with disruption.

 

Example: Blockbuster – rented movies, DVDs, lost market share to Red Box (vending movie rental), then both disrupted by streaming movies.

Music industry went from records to cassettes to CDs to streaming (Napster).

MySpace taken out by Facebook in social networks.

Yahoo search taken out by Google (controls 75% of the search market)

Kodak afraid to get out of film business and passed on digital film, lost market share.

 

To solve the Innovator’s Dilemma, big companies acquire smaller tech companies; have in house R&D to be ready for next tech wave.

Steve Jobs of Apple was very influenced by  Innovator’s Dilemma  and took this idea seriously.

If you do not try to put your company out of business (w/ disruption / new tech), someone else will.

Jobs was not afraid to innovate, and cannibalize his own company and products to stay relevant.

Apple created iPhone, and now computer is in your pocket

Peter Thiel – “Zero to One” book - Great innovation is not A to B to C, it is vertical, jumps curves.

Current smart phones have more computing power than a computer 20 years ago.

Guy Kawasaaki (former Apple) Talk - “12 Lessons From Steve Jobs”

 

Full Show: HERE

 

 

 

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

 

Best of Tech:

https://brt-show.libsyn.com/size/5/?search=best+of+tech

 

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

 

Buying & Revitalizing Business in America w/ Jason Azevedo

- BRT S03 EP27 (126) 6-19-2022

 

Things We Learned This Week

• MRCA is a private equity firm buying business, running and upgrading them for 7 years, then selling to the employees, have investors in MRCA
• Jason back ground is in manufacturing, been running business 20+ years - Father worked in factory, manufacturing. Realize difficult challenges, in the People business – trade labor for product.
• Seller Profile - Sellers are baby boomers, age 70’s, Kids told not to take company - Not many buyers for this type of business, not a franchise, stand alone business, Companies are staple of the town
• ESOP out to employees for them to buy the business from MRCA – timeline of 5-7 yrs.
• Charity Work: Breast Cancer charities, “Goals for a Cure,” a nationwide, top ten ranked non-profit soccer tournament that attracts teams from countries across the globe

 

 

 

 

Guest: Jason Azevedo, Chief Strategy Officer at the Manufacturing Revitalization Corporation of America (MRCA)

https://www.linkedin.com/in/jason-azevedo/

https://mrca.net/

 

Jason created his first manufacturing company with just $600 when he was only 15 years old. At this young age he was able to establish business with some of the greatest companies in the world such as Starbucks, Nike, Disney, Marvel, Volkswagen, Audi, Lucas films, dodgers, NBA teams. By the time he was 20 he was already making millions in revenue. 

 

Jason is one of the most dynamic people you will meet.  He owns and operates the last standing MADE IN AMERICA factories (IN CALIFORNIA NO LESS!) and has hatched a plan to give back the factories and some of his wealth to the American workers.

 

In 2009, Jason co-founded Mosaic, taking on the role of CEO — his talents are far beyond running the company, with duties touching conceptual development, engineering, and deployment. Since 2009, Jason’s been at the helm of growing the company year-over-year, acquiring several entities, and creating several others to round out manufacturing efforts. His emphasis on Made In America is a driving force for how the various companies he’s co-founded operate. He also assists with business development and client strategy and is an integral part of how we operate.

 

Majoring in Entrepreneurial Business, with a minor in Marketing from San Jose State University, Jason has had his heart in business development since an early age, starting a very successful apparel company that grew from humble garage beginnings to annual gross billings of over a million dollars.

Personal interests range from riding dirt bikes, to beach volleyball, to whiskey tasting. International travel weaves its way in there, too!

 

MRCA.net – Private Equity Firm

Chief Strategy Officer at the Manufacturing Revitalization Corporation of America (MRCA), which seeks to breathe new life into American manufacturing, buy legacy co’s, then sell biz back to community

Charity Work: Breast Cancer charities, “Goals for a Cure,” a nationwide, top ten ranked non-profit soccer tournament that attracts teams from countries across the globe

 

 

Notes:

MRCA is a private equity firm buying business, running and upgrading them for 7 years, then selling to the employees, have investors in MRCA

Manufacturer by trade, past business were manufacturing business in USA

2007 -15 yr. old started biz with brother. Father worked in factory, manufacturing. Realize difficult challenges, in the People business – trade labor for product.

Build control panels to kid’s toys

Buy legacy companies – no succession plan

Manu  - do not need education, training on site. Promotion opportunities.

Keep companies in local community.

5-7 sell through ESOP to buy existing business, not turnaround.

Keep management and staff

Track record – buy and sell companies, Original business in CA, now in TX.

Understand the community and mentality of business and culture looking to purchase – ie - Hunting season in Arkansas, everyone takes 2 days off

MRCA located in Texas, contacts and staff in FL, CA

Buy business, put in portfolio - Conglomerate all businesses in MRCA portfolio

Seller Profile - Sellers are baby boomers, age 70’s, Kids told not to take company

Not many buyers for this type of business, not a franchise, stand alone business

Companies are staple of the town, local people are the employees, keep as much consistency as possible, do not change name of the business, keep most of the team  

Lead Sources - Craigslist, business brokers – check 200/week to find handful of options / deals

Prospecting business to purchase, 10 are reviewed and maybe buy 3

Valuation of business to buy: EBITDA line - $1 – 10 million, buy at 2x or 3-5 x’s EBITDA

ROI – 50-100% in  year, 2-3x ROI overall

MRCA team will improve certain aspects of business

ESOP out to employees for them to buy the business from MRCA – timeline of 5-7 yrs. Overall, 2-3 yrs to get leaders set in company, stay on board. Sometime have to hire a CEO.

Honest communication – in Mgmt, determine goals of the team

Labor and CAPEX are cost silos – money must be allocated for upkeep

Don’t trade resources for profit

Jason charity work: Youth soccer club – Goals for a Cure Charity in CA

Breast cancer, preventable, so he teamed up with a hospital – free checkups

Mammogram screening, classic Donation of time and resources

 

Travel Schedule – Jason is all over the country at times traveling or on phone calls of different time zones talking with acquired business or potential deals

 

 

BRT Clip from Seg. 2 of 2/6/2022

Topic: Adam Coffey - From Private Equity to The Exit Strategy Playbook

• Adam Coffey past experience in Private Equity (PE) puts him in a unique position to consult on buying, selling and running business from Purchase to Exit
• Buyer Types – Strategic and Financial -  Light On / Lights Off, what to do with the old business that was bought
• Prepping the Business for Sale – takes 3 years, organization setup, due diligence prep, financial info

Full Show: Here

 

 

 

BRT Clip from Seg. 3 of 2/27/2022:

 

Topic: M&A from the Deal Room to a Science w/ Kison Patel

Guest: Kison Patel, Founder and CEO of DealRoom

Websites: https://www.mascience.com/     

https://dealroom.net/

• Process of Valuation – old process of value may not apply, have to adapt

• Agile M&A – use software to keep real time updates in an M&A deal
• Deal Room – founder story, realized problems in industry, fix problems to Maximize sale value, then Prep business for sale

Full Show: Here

 

 

 

 

 

Business Topic:

https://brt-show.libsyn.com/category/Business-Consulting-Bus+Lessons-Management-General

https://brt-show.libsyn.com/category/Private+Equity-Valuation-MandA-Franchise-Business+Broker

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

 

Assets – Appreciating vs. Harvesting

- BRT S03 EP26 (125) 6-17-2022 – Wealth for Life

 

Things We Learned This Week

• Appreciating Asset – buy low, sell high, buy an asset and hope it goes up in value – ie Stocks,, Gold, Art, Real Estate, Crypto
• Harvesting Assets – Assets that give off income, or cash flow - ie  Real Estate rental property, owning a business, dividend stocks, REITs, etc.
• Stock market is not Efficient at capturing gains, have to sell at the right time to gain the value of the asset – harvesting Assets can also appreciate while giving off income
• Assets act as a hedge vs. inflation - money sitting in cash, loses value to inflation, purchase an asset that goes up in value more than inflation.

• Past – people had pensions, savings, & social security to rely on, today have to create your own retirement plan – use Tax Buckets and move money into a long term Tax Free position

 

 

Co-Host: Denver Nowicz, President - Wealth For Life

 

https://wealthforlife.net/brt/

https://twitter.com/denvernowicz 

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

 

Notes: 

Assets: Appreciating vs. Harvesting 

 

There are many different Assets you can invest in. Common asset classes are Stocks, Bonds, Gold & Real Estate. There are Alternative assets like Crypto, Art, Private Equity, etc.

The classic idea is you  buy an asset as an investment with the idea it will appreciate over time so it is worth more when you sell it.  Buy low, sell high. It also may act as a hedge vs inflation. Instead of having your money sit in cash, and lose money to inflation, you purchase an asset that goes up in value more than inflation. What is rarely discussed is the concept of Appreciating Assets vs. Harvesting Assets. What's the difference? Appreciating Assets are the assets mentioned above, where the plan is to buy low, wait for the appreciation, then sell high. You do not capture the gains until you sell. You gain value on paper, but if you wait too long to sell, you could miss the appreciation. Likewise if they lose value but you do not sell, then only a paper loss.  Stocks are a classic example. 'If I just sold last month, I would have made 25%, instead of 15%.' You have to time it right. Other examples are Gold, Art, most Crypto, certain types of Real Estate (Land for example with nothing build on it yet).  These assets are only valuable when they appreciate, and if you sell at the right time.  Harvesting Assets are assets that get interest, or give off profits, or cash flow. You are able to capture some of the gains from the asset.  Examples are:

• Rental Real Estate - get rental income, plus expense write offs, plus depreciation ***
• Bonds - collect interest during the term, and receive the full value if held the entire term ***
• Dividend Stocks - receive payments quarterly from the co. ***
• REITs - pays out 90% of income as dividends to investors ***
• Crypto that is Staked - receive interest payments while staking ***
• Covered Call Options - collecting premium on stocks you own, by renting them out ***
• Business - that is profitable, and gives off cash flow
• Index Life Insurance - receive credited interest during the term

*** Asset value can go up or down in the holding period In fact many of the above Harvesting examples can all be both Appreciating and Harvesting Assets: Rental Real Estate, Bonds, Dividend Stocks, REITs, Cash Flowing Business, Index life Insurance, etc.

Note: Options are not an asset, they are a contract that with a decaying value over its term, and can go down quickly; time decay lessens the option contract the longer you hold it, until it expires at the expiration date worthless. This is why Options are often referred to as trading (short term) vs investing (long term).  When investing in Assets, it is recommended you buy Harvesting Assets to get the best of all worlds. In case the value of the Asset goes down, at least you receive some cash while holding the Asset.  

Cash – classic asset that loses value over time, can’t buy the same amount today for a dollar that you could 10 or 15 years ago

Fed Policy – print money, devalues currency, creates inflation           

Inflation – eats away at value of cash, assets like stocks, gold, real estate can all act as a hedge vs inflation

Create assets – digital assets, build an online business 

Past – people had pensions, savings, & social security to rely on, today have to create your own retirement plan

 

Buy & Hold – appreciating asset, when to sell, avoid whipsaw of market (up & down movement)

Harvesting – cash flow, take profits off table and re-deploy money

Asset pricing and timing

 

Hard Assets - Real Estate

Cash Flowing (CF) Business with recurring revenue is an excellent harvesting asset that gives you multiple options to grow wealth long term

 

With good assets, can use leverage to grow wealth and acquire more assets.

Assets – appreciate, options, harvest / cash flow

Leverage – scale wealth using other people’s money, finance your retirement and go bigger and quicker

 

Tax Protection – defense strategy, put money in long term tax free position

Index Strategies with IUL

 

Top 10% strategies – if you earn more than $140K, than top 10% earner and most financial advice does not apply anymore

Wealth gets more wealth – save and invest more money using leverage can grow massively thru compound interest

 

“One Thing” Retirement Plan – 401K, and stocks (+ W2 income), hope it goes up and no volatility (market risk). 90% of people are on this plan – Need to get away from this plan and diversify your retirement plan

Retirement Rule or 4% Withdrawal Rule – is outdated, and often will fund one’s lifestyle in retirement

 

More efficient use of money

Assets can act as an inflation hedge, as they increase in value when Inflation rises.

Income Streams – Good use of Harvesting type assets leads to multiple income streams

Loan Collateral – borrow against assets, or use as collateral to get a loan or another asset

Credit Line – borrow from assets (ie – bank credit line, real estate credit line)

Refinance – cash out refinance of real estate leads to tax free money returned

Net Worth – personal financial statement, fill out yearly and list asset values

 

Markets are inefficient, and often irrational. Humans are emotional and tend to panic when they see scary headline on CNBC. People sell on fear of a recession, disregarding the fact that many of these big companies will not go out of business. 

Trading in the Markets have changed with all the super computers and algorithms involved in daily stock trading. Computers can create huge sell offs in the market, because of the programs and indicators they operate off of - artificial intelligence. 

Financial Advice should be more holistic. Too much advice is based on buying stocks, vs growing your overall net worth. To grow wealth, one must have cash flowing assets. You want to put yourself in a solid financial position owning different assets (like real estate, stocks, etc.) so you can handle economic downturns. 

The stock market value is all on paper until you sell, so it is inefficient on capturing gains. The wealthy may only have 20 - 30% of their money in the stocks. It is hard to be consistent and disciplined in your investing. You need ways to generate cash, and lock in gains. 

It is important to understand Market Cycles, and how they work, plus how long they will last. Howard Marks writes often on this topic, in his memos or the book he wrote on the topic (here is a summary). If you can recognize these cycles, it helps in investment planning. 

Tiger 21 Club - Follow this super investor group for ideas, and how they diversify their investments. Allocation usually has 25% in real estate, 25% in stocks, 25% in private equity, 10% in cash, and the rest is Bonds or other investments. 

https://tiger21.com/

 

 

More Info on WFL and Tax Free Matching: HERE

 

 

Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life

 

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

 

Investing Topic: https://brt-show.libsyn.com/category/investing

More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

BRT in Space talking Satellite Components by Spirit Electronics w/ Marti McCurdy

- BRT S03 EP25 (124) 6-12-2022

 

Things We Learned This Week

• Spirit Electronics is veteran and women owned tech company providing satellite components to Aerospace and Defense industries
• Satellites in Low Earth Orbit – need components built to resist extreme temperatures and still function as expected when built - Radiation Testing – stress test, thermal, pressure
• Working with top Defense Contractors, Raytheon, Boeing, Lockhead Martin,  helping create products used in Government contracts
• Space is on a Comeback – from SpaceX, to Blue Orbit, Space Florida & Kennedy Space Center, now let’s talk Space Junk, Satellite Crash, Launch Ops – launch at right time, right orbit, right space
• AZ is becoming a Tech Hub: Semiconductors, Aerospace, Defense, EV, Autonomous, AZ Tech Council to Tech Incubators

 

 

Guest: Marti McCurdy - CEO of Spirit Electronics

https://www.linkedin.com/in/marti-mccurdy-1083a936/

 

https://www.spiritelectronics.com/about-us/

 

Marti McCurdy, owner and CEO of Spirit Electronics, is a veteran not only of the semiconductor business but also of the United States Air Force. Marti’s focus as CEO is to serve the aerospace and defense industry for high reliability components. She exercises her engineering knowledge of space qualified flows and sophisticated testing to deliver flight class devices. Throughout her career as a business owner and most recent position as VP, Marti’s goal is to bring her high standard of customer service and cultivated relationships to serve the aerospace sector she is so familiar with. Marti holds a current patent and is a published author in ultrasonic applications.

Spirit Electronics is a certified veteran-owned, woman-owned value-added distributor of electronic components. Our product lines and value-added services offer power, memory, FPGAs, ASICs–everything you need to build out a high-reliability board that can perform in even the harshest environments. Spirit builds components for satellites, used in the aerospace and defense industries.

Spirit Electronics is redefining distribution by bringing supply chain services under one roof. We are creating new approaches to service and delivery for our customers. With our team’s focus on unique aerospace and defense (A&D) requirements, chain of custody, and on-time-delivery, our services deliver components fully qualified and ready for assembly right when you need them. The facility is in Phoenix, AZ, includes 2,000 sq ft of warehouse space to house your inventory. We recently added a fully equipped test and qualification lab and a partner facility dedicated to contract manufacturing.

 

Notes:

Spirit Electronics manufactures satellite components like Circuit boards

Supply chains with defense and aerospace for components

Invest idea – materials used in satellites

*Low Earth orbit of satellite, not technically space sometimes

Examples of co’s do biz with: F35 Lightning ll program plane by Lockhead Martin

Kyocera, EPC Space, Latham Industries

 

*Space EP (space enhanced plastics) – need to stress test to with stand high & low temps

 

Acronyms – common in military and tech industry, Marti a veteran in both

Marti – Air Force for 6 yrs, Spirit is Women and Veteran owned

Worked in Semiconductor industry previously, background in tech

Spirit Electronics company founded in 1979, bought By Marti in 2017

Major Prime – Defense Tier 1

Speed Dial –Raytheon, Boeing, Lockhead Martin all contacts of Sprit

Sub contractor for defense contractors working on Government contracts

Distributor with value add, ie - Latham Industries circuit card / board

 

Real World applications of satellites –

Data collection by satellites of Earth locations – ie Disney Park

Via satellite, get internet on phone while flying on a plane

5 year life span of satellites up in orbit

HUB zone – Spirit Electronics owns their building

Contract Cycle – negotiate, can take months, or years to work a deal

Tier 1 – original companies in

Defense –

Space Junk – lots stuff floating around in orbit

Satellite crash – yes they do

Getting into Orbit - Launch at right time, right orbit, right space

Space Florida – https://www.spaceflorida.gov/

Kennedy Center – in Florida, lots of history with space program

DARPA is partnering with six of the nation's leading research and development universities to connect with new communities of talent

Vandenburg Space Force - https://www.vandenberg.spaceforce.mil/

Radiation Testing – stress test, thermal, pressure of satellite components to handle all conditions, Radiate 5 levels, use Cyclotron to test

Cyclotron - a type of particle accelerator which repeatedly propels a beam of charged particles (protons) in a circular path. Medical radioisotopes are made from non-radioactive materials (stable isotopes) which are bombarded by these protons

Insurance analogy

Components – materials, AMD and Texas Instruments are suppliers

Commercial grade, Industrial grade, Automotive grade, Military grade

Space grade -  *highest grade

 

Rad-hard – Radiation-hardened electronics, also called rad-hard electronics, are electronic components (circuits, transistors, resistors, diodes, capacitors, etc.), single-board computer CPUs, and sensors that are designed and produced to be less susceptible to damage from exposure to radiation and extreme temperatures

FPGA – AMD, & Zylenx devices (highly flexible and adaptive processing platforms that enable rapid innovation across a variety of technologies)

EV Mkt – overlap with this industry

 

GPS – satellite GPS use star tracker like sea farers

 

Veteran Services – Spirit Electronics does charity work to help veteran community

Help families of kids that lost a parent, and give opportunities - https://spiritgives.org/

 

 

 

 

BRT Clip from Seg. 3 of 7/11/21

 

w/ Steve Zylstra of Arizona Technology Council on the State of AZ Tech   

https://www.aztechcouncil.org/

 

• AZ as a great technology hub in the U.S.
• AZ Tech Council as an advocate for the entire Tech industry, helps both economic & job growth in the state

Full Show: Here

 

 

BRT Clip from Seg. 2 of 5/1/2022

w/ Russ Yelton of AZ Bio on Tech Incubators

• Tech Incubator: startup incubator is a collaborative program for startup companies — usually physically located in one central workspace — designed to help startups in their infancy succeed by providing workspace, seed funding, mentoring and training.
• AZ State supporters of Tech: AZ Tech Council, The Flinn Foundation, NAU, ASU, UA, CEI Gateway Tech, AZ Bio, NACET – Moonshot, AZ Advances, & many funding VC & Angel groups – ATI, Desert Angels, Canyon Angels

 

Full Show: Here

 

 

 

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

 

Best of Tech:

https://brt-show.libsyn.com/size/5/?search=best+of+tech

 

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Beware Taxes! Defense is What You Need vs Offense in Your Investment Gameplan

- BRT S03 EP24 (123) 6-10-2022 – Wealth for Life

 

Things We Learned This Week

• Balance in a Financial Plan – Combo of Offense & Defense, Synergy of the Mix
• Offense – Stocks, and other growth Assets, Real Estate rental property, owning a business, etc.
• Defense – Tax Protection (moving $ to a Tax Free Position)
• “One Thing” Retirement Plan – 401K & stocks, hope it goes up and no volatility (market risk), 90% of people are on this plan
• Tax Buckets, broken into 3 categories of Taxed (income), Tax Deferred (401K), Tax Free (Roth)

 

 

Co-Host: Denver Nowicz, President - Wealth For Life

https://wealthforlife.net/brt/

https://twitter.com/denvernowicz

 

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

 

Notes:

 

Synergy of Offense / Defense – diversification of income streams, lessen market risk

 

Offense – stocks, crypto, real estate

Defense - IUL, Cash Flowing Business, Real estate, bonds, dividend stocks

Offense – tactical – hold 15-20 stocks – aka ‘best houses on the block’

Tactical Investment Strategy – goal of growth, shift with market sentiment, value to growth or growth to cyclical – active management.  15% beat market, 85% do not.

Secular trends – housing, building or energy

Index – safe but will not out perform market, just bought off shelf.

Index has Market risk and Zombie Co. problem.

Cash = bad, gets eaten up by inflation = Inflation risk

Stock market – good at growth, but inefficient on income, hard to capture the gains

 “One Thing” Retirement Plan – 401K and stocks, hope it goes up and no volatility (market risk). 90% of people are on this plan.

Build Assets – or create assets, like a digital brand

Never go back to Vegas with scared money. Lose $, then chasing losses

Combine offensive and defensive strategies

 

Defense – wins championships, stable. Finances are stable, allows you to take risks IUL, CF business. During bad market, wait for stocks to rebound and pull money from IUL or business.

Visual – what is needed income or expenses – cover basics, then invest other money. Defense = 40%

More wealth created, less money in market – money from business or real estate, move money to index strategies. Use financial leverage to increase wealth.

Average worker – salary and money in market (401 K). All money is offensive strategy and subject to disruption and market risk.

Defense – Tax Protection and Tax Buckets 3 taxed, tax free, tax deferred

Tax brackets – progressive tax system. Tax income in tiered system

Taxes highest expenses, eats away at wealth - IRS – puts target on wealthy people

Takes time to move people to tax free position.  

Government/IRS is your silent partner –they will get their cut

Taxes – permanent loss of 25-50% every year

401 K / Tax Deferred – pay taxes later and do not know rate

Tax brackets – max out tax position and use 401 K

 

Segment defense money out – Secure future income with 20% of capitol. Frees up capitol for offensive strategy

Capital Control – no losses, principal protection, Lock in Gains .

 

Wealthy has less money in 401 K retirement income or home equity. Instead own assets – business or real-estate that have tax shielding qualities or private foundation

Leverage OPM – wealthy use other people’s money to invest, eran ROI on bigger sum of money, then take $ via loans, does not count as income on taxes

 

Business owner – advantages with LLCs, Trusts, Insurance  and expense write offs

 

 

More Info on WFL and Tax Free Matching: HERE

 

 

Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life

 

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

 

Investing Topic: https://brt-show.libsyn.com/category/investing

More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

 

Monarch Tractor Brings AI & AgTech to Farming w/ Praveen Penmetsa

- BRT S03 EP23 (122) 6-5-2022

 

Things We Learned This Week

• Monarch Tractor is AgTech working towards a future with Clean Farming
• Farmer Jobs & Farmer Safety – tech assistance, more data, lower costs, less time on the tractor, more efficiency, & not around chemicals
• AgTech – Tractor uses AI, Autonomous Driving, GPS, Data, + EV Battery
• EV Battery - 10+ hours & 4.5 hours to charge, No DC fast charging – tractor design – 220 volt can charge, Battery swap capability – mobile swap cart in 10 mins in field
• Monarch Team includes: Former Tesla Gigafactory Head to build scale, Engineer to be CTO with AI & Autonomus Exp., Farmer w/ Vineyard Exp., CEO w/ 2 decades in Automotive & EV Industry

 

 

 

Guest: Praveen Penmetsa - CEO of Monarch Tractor

https://www.linkedin.com/in/praveenpenmetsa

 

https://www.monarchtractor.com/leadership.html

 

Praveen Penmetsa has nearly two decades of hands-on experience in translating creative visions into products for startups to Fortune 50 companies alike. He co-currently serves as founder and CEO of Motivo Engineering, a product-engineering firm with clients in the Mobility, Energy, AgTech, and Aerospace sectors. Praveen holds an MSME in Mechanical Engineering from the University of Cincinnati.

 

 

Monarch Tractor: Working Toward a Future With Clean Farming

Labor shortages, climate change, and food safety concerns create a multitude of challenges for farmers. Monarch Tractor provides a farmer-first approach to innovation, making each decision with our end user and their biggest challenges in mind. Our dedication to solutions for the farmer also means healthier solutions for the planet, for the consumer, and for the global food ecosystem.

 

 

Co-Founders:

Mark Schwager, Pres./Co-Founder -Former Gigafactory head & Tesla veteran 2010 – 2015 at Tesla, build volume at scale, to be reliable and robust

Carlo Mondavi, Chief Farming Officer / Co-Founder - Family farms in winery biz

Dr. Mark Omohundro, CTO / Co-Founder - farming, AI & autonomous

 

 

https://techcrunch.com/2021/11/17/autonomous-tractor-maker-monarch-raises-61-million/

 

Autonomous tractor maker Monarch raises $61 million Brian Heater@bheater / 7:00 AM MST•November 17, 2021

 

Way back in March, autonomous tractor maker Monarch announced a $20 million Series A. Now, a mere eight months later, the company is tripling the round, with a $61 million Series B. This latest raise is led by sustainable food fund Astanor Ventures, with participation from CNH Industrial, At One Ventures and Trimble Ventures.

 

Notes:

Praveen – 2 decades in the auto industry and worked in EV cars.

Circa 2015 – Farmers asked about AI & EV

Farming – labor struggles, sustainability data

Next generation tractor solves problems

Farming setup – big farms with big commodity crops

Specialty crops – fruits, veggies

Hundreds to thousands of acres

Need 3x labor for organic, Spray more with different pesticides

Agriculture – low margins, intensive work

Global problem for labor

Skilled labor needed for tractor drivers, pays well but hard to find workers

Seasonal – when can grow crops

Food ecosystem –

Technology – data and AI, automation in farming now

Compact tractor – specialty

Tractor powers an implement – mower, sprayer, harvester

1. Existing tractor capability
2. Driver optional features –AI and autonomous
3. EV and data components – tractor is a mobile generator. Fleet conversions – enterprise product.

Data and real time updates – visuals / cameras

3 years field testing – field trials with customers. Learn new info, capture data and adjust. , ETA of Q4 2022 roll out to public, have pre-orders

Fleet operators – 1 person manage fleet of 6-7 tractors

Battery – 10+ hours and 4.5 hours to charge

No DC fast charging – tractor design – 220 volt can charge

Battery swap capability – mobile swap cart in 10 minutes in field

$50K to $68 K cost with options

Get diesel and labor savings of $20 K/yr. , 20-30% savings diesel, 70% labor savings

ROI and CAPEX analyze = 2 yrs ROI on cost of tractor, Tractor lasts 4-8 yrs

Sensors in roof – upgrade roof with sensors or battery AI, geo tracking, GPS in future

Data to farmer in the field – Train fast to learn tech and alerts w/ App on phone or tablet

Monarch website can give all data to farmers

Base station on farm for wifi and radio beacon to connect to Tractors onsite

Safety – No diesel, less CO2, No rider – AI, no chemicals                                                                                                                                                          

Dangerous implements connected to tractor, Sensors for collision, roll-over. OSHA worker safety

 

Insurance – possible future savings, Safer to remove driver from operation

Controlled environment – no people walking around in field

Tractor stops when people are detected

Co-Founders of Monarch Tractor – different backgrounds

Staff of 200

Future tractor models will be bigger

Investors in Monarch - Tractor companies, C&H, Industrial

Trimble – data and farm management is an investor

Auto suppliers and manufacturers to scale to hundred of thousands of units

License agreement –

Astanor – European investor

Silicon Valley investors

Long Term

4 Quadrant farming – manage land better with Monarch Tractor to make most of seasonal harvest, Multi use / multi purpose tool for different crops

Data saved – crop apps, plus Field mapping

Demos – digital and on site demos of Tractor for farmers

Tech hires – farming employments and workers will involve with need for CTO type hire

 

 

 

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

 

Best of Tech:

https://brt-show.libsyn.com/size/5/?search=best+of+tech

 

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

The One Thing w/ Jay Papasan of Keller Williams Realty

- BRT S03 EP22 (122) 5-29-2022

 

Things We Learned This Week

• The One Thing – Power of Focus, Find your 1 thing - Live Purposefully & be Accountable
• Dominos - Priority in Latin = First, what is your first Domino? knock it down and all others lined up will fall
• Time Block - Focus Time the first few hours of each day, 'Battleground' - fight to block out this time
• Success has a Roadmap – it leaves clues, Modeling & Develop Habits in Life, Bus & Real Estate Investing
• Productivity Thieves - Learn to Say No, pick tasks carefully, Multitasking is a Waste of Time

 

 

Guest: Jay Papsan, VP of Keller Williams Realty

https://the1thing.com/

https://www.jaypapasan.com/

https://www.linkedin.com/in/jaypapasan/

https://twitter.com/jaypapasan

https://kw.com/

 

Jay Papasan is a bestselling author and serves as vice president and executive editor at Keller Williams Realty Inc, the world’s largest real estate company. He is also co-owner and co-founder of several successful businesses, including Keller INK, Keller Capital, and, alongside his wife Wendy, Papasan Properties Group in Austin, Texas.

When Jay first moved to Austin, he joined Keller Williams Realty Inc, and soon began working directly with the founder, Gary Keller. In 2003, he co-authored The Millionaire Real Estate Agent alongside Gary Keller and Dave Jenks. The resounding success of the book, which focused on the systems, models and tactics used by the nation’s top real estate sales agents, became a national bestseller in 2004 and went on to sell more than a million copies. In 2015, they follow up with a another national bestseller, The Millionaire Real Estate Investor. Having landed on a formula for providing insight and practical strategies for success, the authors produced a series of books that found their way on to numerous bestselling lists, including those found on The Wall Street Journal, USA Today, and The New York Times.

The books he’s co-authored have collectively sold over 3.5 million copies. His most recent work with Gary Keller on The ONE Thing has sold over a million copies worldwide and garnered more than 500 appearances on national bestseller lists, including #1 on The Wall Street Journal’s hardcover business list.

Jay resides in Austin, TX, with his wife, Wendy, their children, Gus and Veronica and their dog Taco.

The message of The One Thing has resonated around the world. Professionals everywhere are searching for meaning in their work, clarity around their priorities and everyday productivity without stress and complexity.

 

Notes:

Jay’s background as a writer

Keller Williams Real Estate

Working with Gary Keller

Business lessons from Gary Keller

One Thing book – focus and dominos – Focus Q ‘What’s the One Thing…’

Time Blocking – prioritize, you better be #1 item on Gary Keller meeting list

Success has a roadmap

Habits over willpower

6 Lies of Success – multitasking, balanced life

Dominos visual – one 3 inch domino can knock over a tall building

3 Commitments – mastery mindset

Productivity Thieves – need to say No

Millionaire Real Estate Investor book – thing big, take luck out of the equation

5 Models of millionaire real estate investors:

Net Worth, Financial, Network, Lead Generation, and Acquisition

Criteria, Terms, Network

Buy a Million…

Net Worth – myths of just having a job will get you financially secure

Jay as a real estate investor

Lessons from investing – spend less than you earn, save the rest

Compounding – save and invest $ early and watch it grow

 

Seg. 4 – Netherlands lined up 4.9 million Dominos, world record.

(35 m) – Real domino effect (1983)

Lorne Whitehead – domino (2 “) can knock over one that is 50% bigger (3 “)

18th domino knock over Leaning Tower of Pisa

23rd domino knock over Eiffel Tower

33rd domino  - Mt. Everest

57th domino – Earth to Moon size domino

Growth seems small, but actually grows fast

Hockey stick – exponential growth – elbow of curve gets explosive growth

KW 10 yrs at 50% per – like IPO of a company, ‘overnight success’

Line up your dominos, what’s 1st thing to do? What do we need to focus on to make it all easier?

Archimedes and Leverage – give me a lever and I can move Heaven and Earth.

(37 m) – For each action in the process, ask…does this help complete the One Thing? Does it help the main priority?

From Tim Ferris (Book – 4 Hour Work Week)

Delegate, Delete or Delay

Delegate to assistant, Delete to Trash, or Delay (rarely)

**Start day with a few hours of ‘focus time’

Your #1 priority in business  - it’s a battleground – fight for that time.

Meeting of one to focus on your work

Preserve that time – say no to distractions

Captain of British Rowing Time – story from 2000.

(39 m) – Q: Will it make the boat go faster? Answer: No = don’t do it. Becomes mental mantra

Key to marriage: Don’t go to the pub, come home.

Hard to operate hour to hour with singular focus, so keep #1 in mind and balance.

Write down and develop habits to build behavior behind it (#1) – i.e.: track net worth.

Priorities  - you must have, focus

Steve Jobs – Productivity Thieves – need to say ‘NO’ to things, stick to priority

(41 m) - *6 Lies of Success – example: multitasking. If multitasking, no focus, drains you.

 Myth of multitasking

Clifford Nass studied multitasking – 300 students at Stanford. Two groups doing 6 tests, non-multitasking  performed better. High multitaskers were suckers at irrelevancy

Switch tasking – see squirrel, survival trait, can do simple switch but constant reorientation lose 28% of your day – ¼

(44 m) – You perform worse than being stoned and can take 100% longer. Longer on 2nd task, less likely to get back to main task. Very shallow and wide, loose ends. No depth – One Thing is depth. Get The One Thing do, no multitasking. Each day is a victory. No multiple tabs open on screen, do this

(47 m) - * Addicted to getting #1 done

Day Before Vacation Miracle’ – you get a lot of stuff done that day, you’re focused, motivated. Capable of long period of time of highly focused work – can do it 30 minutes to 1 hour + per day. Do not want your laptop on the beach.

Anything not worth doing is not worth doing well.

(48 m) – 411 List – Big Rocks only on this list – the 20%. The other 80% (junk) on another list. Email; is a must daily – have to do it. But do it triage style, check 3x a day.

Batching – batch 80%lesser priority items with time limit. Email inbox is time machine, can rob time. Emails after 7:30 pm, reply after 8:30 am the next day.

(51 m) – Gary rec books – 80/20 Principle, the1thing.com, or Google Jay Papasan.

 

 

 “Anything not worth doing, is worth not doing well.” - Robert Fulghum quote

‘We are the average of the five people we spend the most time with.’

 – Jim Rohn

"Give me a place to stand (lever), and I will move the world." - Archimedes is said to have promised

  Keller Williams Co-Founder Gary Keller Shows his Most Influential Books

Link: HERE

Trammel Crow - Master Builder

Unlimited Power - Tony Robbins

Masters of Enterprise – HW Brands

Roaring 2000s - Harry Dent

80/20 Principle – Richard Koch

Sam Walton – Made in America

Behind the Arches – John F Love

Pizza Tiger - Tom Monaghan

 

Additional Resources:

Domino Chain Reaction (geometric growth in action) 10/2009

Link: HERE

  The Bigger They Are (1983)

Link: HERE

In 1983, University of British Columbia physicist Lorne Whitehead noted “a simple and dramatic demonstration of exponential growth, as in a nuclear chain reaction.” He determined that one domino can knock down another that’s about half again as large in all dimensions; since the gravitational potential energy of an upright domino is proportional to the fourth power of its size, this means that one tiny domino can set off a graduated chain reaction with impressively thunderous results.

Whitehead’s first domino was less than 10 mm high; he nudged it with a piece of cotton. The resulting chain reaction brought down a 13th domino that was 64 times as tall; an investment of 0.024 microjoules at one end had released 51 joules of energy at the other, an amplification factor of about 2 billion.

Of course, it’s possible to construct impressive chains of graduated dominoes even if they grow less dramatically than this one. Here’s a world record set in the Netherlands in 2009:

 

Wealth Building with the One Thing & the Millionaire Series | Jay Papasan | Talks at Google (11/2016)

 

Link: HERE

Jay Papasan is the vice president of publishing and executive editor at Keller Williams Realty, Inc. In 2003, with the release of The Millionaire Real Estate Agent, co-authored by Gary Keller and Dave Jenks, Papasan became a best-selling author when the book spent time on BusinessWeek's best-seller list. In 2005, they co-authored their second bestseller, The Millionaire Real Estate Investor. After working on Rick Villani and Clay Davis's best-selling FLIP: How to Buy, Fix and Sell Houses for Profit in 2007, he co-authored Your First Home with Gary Keller and Dave Jenks in 2009.

His latest book, The ONE Thing, co-authored with Gary Keller, came out April 1, 2013 and debuted at #6 on the Wall Street Journal bestseller list and reached #1 on May 3, 2013. Since then it has made more than 300 appearances on national bestseller lists and has been translated into 24 languages.

Jay's presentation will tap into in-depth research with over 120 millionaire real estate investors and draw a straight path based on what they all have in common. That’s The Millionaire Real Estate Investor. And we can organize using the principles of The ONE Thing—itself a 5 year research journey into the common approach found among top performers across both investing, industry, athletics and even the arts.

Jordan Thibodeau moderated this Talks at Google event.

 

The ONE Thing by Gary Keller & Jay Papasan – book summary The Book in Three Sentences

1. The ONE Thing is the best approach to getting what you want.
2. Success is a result of narrowing your concentration to one thing.
3. Success is built sequentially, one thing at a time.

The Five Big Ideas

1. Not everything matters equally.
2. Multitasking is a lie.
3. Discipline is a result of habit.
4. Willpower is a finite resource.
5. Big is bad.

Link: HERE

 

Archimedes and the Simple Machines That Moved the World

LINK: HERE

"Give me a place to stand," Archimedes is said to have promised, "and I will move the world." In this perhaps apocryphal quote, the Greek mathematician, scientist, and inventor was discussing the principle of the lever and fulcrum, but he could very well have been describing his whole career. In addition to his mathematical studies and his work on buoyancy, Archimedes contributed to knowledge concerning at least three of the five simple machines—winch, pulley, lever, wedge, and screw—known to antiquity. His studies greatly enhanced knowledge concerning the way things work, and his practical applications remain vital today; thus he is aptly named the "father of experimental science."

 

Myth of Multitasking – Clifford Nass Research

Link: HERE

In his book The One Thing, Gary Keller sites a 2009 study conducted by Clifford Nass, a professor at Stanford University, designed to determine what made for a great multitasker. The 262 test subjects were divided into two groups. One was made up of high multitaskers. The other was low multitaskers. The assumption was the multitaskers would outperform the other group.

Nass was wrong. It turned out the high multitaskers were outperformed on every measure. While they were all convinced they were great at doing two things at once, the research clearly showed they were lousy at it.

When you try to do two things at once, you either can’t do it or you won’t do either task as well. It is a recipe for losing efficiency and effectiveness. Why? Your brain is hardwired to focus on one thing at a time.

 

Tim Ferris – The 4 Hour Workweek book summary

Link: HERE

 

 

 

Real Estate Topic:

https://brt-show.libsyn.com/category/Real+Estate-Construction-Land-Farming

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

 

Fighting Crime & Providing Security using AI Robots by Knightscope w/ William Santana Li

- BRT S03 EP21 (120) 5-22-2022

 

What We Learned This Week

• Knightscope makes AI Security Robots that monitor business & provide a physical deterrence to lower crime
• Knightscope security robots bring peace of mind 24/7/365 & have already logged over 1 mil hours of service with paying clients across the U.S. in busy parking lots/structures, shopping malls, hospitals and corporate campuses
• More coverage, at a lower price. Augment your existing security program at a fraction of the average rate for one 24-hour security post
• Robot Roadshow – go see the AI Security Robots as Knightscope is doing a national tour
• Li has a tech & automotive background, held multiple business and technical positions at Ford Motor Co across 4 continents, including COO of Greenleaf, an automotive recycler

 

 

 

Guest: William Santana Li - CEO of Knightscope

https://www.knightscope.com/management/

https://www.linkedin.com/in/williamsantanali

 

Knightscope – started 2013, shipped first robot in 2015, went public (IPO) Jan. 2022, ticker symbol KSCP, Founded by William Santana Li, CEO (former Ford Exec), and Stacy Stephens, Exec VP (former law enforcement in Texas)

 

Knightscope – More coverage, at a lower price. Augment your existing security program at a fraction of the average rate for one 24-hour security post. The Autonomous Security Robots (ASRs) are Made in the USA – Designed and Built in Silicon Valley by Knightscope – and offer security patrols as well as a physical presence that deliver real-time, actionable intelligence anytime and anywhere, giving you and your security team the ability to detect and react faster.

 

Knightscope security robots bring peace of mind 24/7/365 and have already logged over 1,000,000 hours of service with paying clients across the U.S. in busy parking lots/structures, shopping malls, hospitals and corporate campuses. Let them bring that experience to your doorstep. Eye-level, mobile surveillance provides unprecedented deterrence capabilities, increased awareness with a conspicuous physical presence, and high-quality evidence to prosecute criminals. The results speak for themselves.

 

Models:  K1       K3      K5      K7          

  William Santana Li, Chairman and CEO

William (“Bill”) Santana Li has served as our Chairman and Chief Executive Officer (“CEO”) since April 2013. Mr. Li is an American entrepreneur with over 30 years of experience from working in the global automotive sector and founding and leading a number of startups. From 1990 to 1999, Mr. Li held multiple business and technical positions at Ford Motor Company across four continents.

 

His positions at Ford ranged from component, systems, and vehicle engineering with the Visteon, Mazda, and Lincoln brands; to business and product strategy on the United States youth market, India, and the emerging markets in Asia-Pacific and South America; as well as the financial turnaround of Ford of Europe. In addition, he was on the “Amazon” team, which established an all-new modular plant in Brazil. Subsequently, he served as Director of Mergers & Acquisitions.

 

After internally securing $250 million in financing, Mr. Li founded and served as COO of GreenLeaf LLC, a Ford Motor Company subsidiary that became the world’s second largest automotive recycler. Under his leadership, GreenLeaf grew to more than 600 employees, 20 locations worldwide, and annual sales of approximately $150 million. At the age of 28, Bill was the youngest senior executive at Ford Motor Company worldwide.

 

After successfully establishing GreenLeaf, Mr. Li was recruited by SoftBank Venture Capital to establish and serve as the President and CEO of the Model E Corporation, a newly established automobile manufacturer that focused on the “Subscribe and Drive” model in California. Mr. Li also founded Carbon Motors Corporation in 2003, and as its Chairman and CEO until February 2013, focused it on developing the world’s first purpose-built law enforcement patrol vehicle.

 

Mr. Li earned a BSEE from Carnegie Mellon University and an MBA from the University of Detroit Mercy.

 

 

Notes:

Motivated by Sandy Hook school shooting (2012)

First robot shipped 2015

Lower crime with robots, physical deterrence

IPO 1/2022 – mostly crowd funding vs. VC money

Four robot models – cost of $7 / hr.

Car has 14K part, robots have a lot less – 1000

Crawl, walk, run –

Attitude towards scale

Autonomous security robot (ASR)

 

From NY, still affected by 9/11, very concerned with security.

Assists guards at locations 24/7

Robot is the height of a person, moves at walking speed

Robots patrol 24/7, take breaks every 3 hrs for charging. Charging stations at doc station, but still monitoring.

 

Self driving, autonomous, EV, AI, can operate in the rain.

Lasers and sonar with 360® video Hi-def at high level.

Cost effective at $7 /hr.

Security industry – high level turnover

On boarding – voices, gender, specific set-up for each robot

 

Four robots – 3 in production, 1 in development

No Sci-Fi Killer Robots

K5 – most popular and used outside, 5 ft.

K3 – smaller version, 4 ft.

K1 – stationary, larger. Hospitals, malls, casinos, parking structure, HOA

Mission to secure country.

First rule of government is to protect people

Will lower security and damage costs

Knightscope is a tech/security company.

Department of Defense $800 billion and 2 million staff

Government needs help with security - issue and opportunity

Cost and capabilities – costs going down and capabilities going up. Sensor cost has dropped from $30K to $4K.

Do not sell robots, rent them.

Knightscope does monthly updates

Needs to be affordable – cost $3-9/hr

Luxury model at lower cost

Saas margins

L/T – more robots and security. Robots will be larger (autonomous vehicle) and smaller

Schools, factories, property

Has 1 million hours in the field

Kinghtscope.com – video samples and demo button, crime page

Casino example: facial recognition to identify people tossed in past, 3 identifiers.

May need a few robots for particular site and needs, then robots are tailored.

L/T could save money on insurance

V/R walk through of site through Knoghtscope robot – real time risk assessment

Per William – future possibilities:

Insurance lower, crime lower, property is worth more, public safety

Robot Roadshow – go see the robots as Knightscope is doing a national tour.

https://www.knightscope.com/roadshow/

 

 

 

BRT Flashback Clip - BRT S01 EP33 9-20-20 -

Topic: Business can be Complicated from A.I. to AML

 

Guest: John Cassara, former Federal Agent 

http://www.johncassara.com/index.html

 

Former Gov't Agent on AML (Anti-Money Laundering), illegal activity by criminals, common forms of AML, and tales from his past working for the US Government, undercover assignments, and giving testimony to Congress.

 

John's Newest Book:

Money Laundering and Illicit Financial Flows: Following the Money and Value Trails is the first book to take a hard look at our anti-money laundering (AML) track record. Written primarily from a law enforcement perspective, the book examines old and new money laundering methodologies. It exposes threats, enablers, and facilitators. Making the case for an AML paradigm shift, the book offers alternative steps forward. Combining facts, straight-forward explanations, case studies, as well as the author's personal experiences, views, and commentary, this book is valuable to the public and private sectors, policy makers, as well as students and concerned citizens.   Now available via Amazon in both print and electronic versions.

 

Bio:

John Cassara retired after a 26 year career in the federal government intelligence and law enforcement communities. He is  considered an expert in anti-money laundering and terrorist financing, with  particular expertise in the areas of money laundering in the Middle East and  the growing threat of alternative remittance systems and forms of trade-based  money laundering and value transfer. He invented the concept of international “Trade Transparency Units,” an innovative countermeasure to entrenched forms of  trade-based money laundering and terrorist financing. A large part of his career was spent overseas. He is one of the very few to have been both a clandestine operations officer in the U.S. intelligence community and a Special Agent for the Department of Treasury.

 

 

Notes:

Matt had mentioned Ozark.  A few years ago John was interviewed by the Ozark producers for a Netflix show promo.  Here is the link to the 3 minute promo video.  The questions are general in nature and set the stage for what money is and why it is important.

https://video.vice.com/en_us/video/vice-dirty-money-in-partnership-with-netflix/5b87150ebe40775c980219a2

 

 

Here is also a link to John Cassara testimony before the Senate Judiciary Committee about why money laundering efforts are failing.  The testimony might appeal to a business audience.  Anti-money laundering compliance costs for U.S. and Canadian financial institutions are over $30 billion a year - about 10 x the amount we recover annually from criminals. 

https://www.judiciary.senate.gov/imo/media/doc/Cassara%20Testimony.pdf

 

Additional Info on John Cassara website w/ articles, etc.: 

www.JohnCassara.com 

 

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