Deanne Gage on Financial Journalism, Death Binders, and Evolving Trends

In this episode of Barenaked Money, hosts Colin and Josh welcome Deanne Gage, a seasoned financial journalist from Globe Advisor at the Globe and Mail. Deanne discusses her accidental entry into financial journalism, her investment journey starting in her teenage years, and her unique perspective on the financial industry. The episode delves into her widely popular 'death binder' series, the evolving trends in financial planning, and the crucial role of family meetings in estate planning. Deanne also touches on her desire for a planning-based rather than sales-based advisory industry and the challenges of bringing more women into the profession. The conversation covers various financial topics including the impact of grief on estate planning, the balancing act of splurging on life experiences, and the importance of addressing loneliness in retirement.
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Navigating Media and Financial Reporting: Insights from April Fong

In this episode of Barenaked Money, hosts are joined by April Fong, Deputy Editor for Personal Finance at the Globe and Mail, to discuss the current media landscape and its impact on business and finance reporting. The conversation explores themes of media consumption, the challenge of navigating misinformation, and the importance of accurate journalism. April shares her perspectives on the changes in financial reporting over the past decade, the role of influencers, and the need for nuanced coverage. The episode also touches on the implications of semi-annual versus quarterly reporting and offers advice on consuming media critically to avoid misinformation.

00:00 The Outrageous Race for Followers
00:19 Introduction to Barenaked Money Podcast
00:40 Meet April Fong: Deputy Editor at The Globe and Mail
01:37 The Evolution of Media Reporting in Finance
02:48 Popular Topics in Financial Media
04:20 The Role of Media in Heightened Uncertainty
05:42 Navigating the Information Overload
07:55 The Influence of Social Media on Financial Advice
09:05 The Importance of Nuanced Journalism
10:48 The Challenge of Short Attention Spans
12:26 Sources of Financial News and Information
15:09 The Problem with Influencers and Financial Advice
20:19 Combating Misinformation in Media
23:13 Choosing Media Sources Wisely
23:36 The Rise of Online Scams
25:42 Behavioral Finance and Decision Making
28:47 Housing and Affordability Issues
30:34 Quarterly vs. Semi-Annual Reporting
37:20 TSX and Market Milestones
38:24 Dim Sum and Personal Recommendations
39:36 Final Thoughts and Disclosures

How Media Business Models Shape Content: A Conversation with Nicholas White

In this episode of Barenaked Money, hosts Colin and Josh are joined by Nicholas White, CEO of Fragment Media, to discuss the broken business model behind traditional media and the structural shift toward reader revenue. White discusses how the reliance on advertising has contributed to distraction, highlighting the importance of trustworthy journalism. The conversation delves into the need for media consumers to be willing to pay for quality news and the role of public benefit companies in maintaining journalistic integrity. Additionally, parallels are drawn between the media industry's challenges and those faced by the financial sector. The episode underscores the necessity of aligning business models with the core mission of serving the public good.
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Questionable Financial Products and the Importance of Understanding Investment Risks

In this episode of Barenaked Money, hosts Josh Sheluk and Colin White discuss a range of recently launched investment products that they consider problematic or gimmicky. The conversation covers ETFs like GRFT, which bets on political insider ties, high-yield covered call strategies, zero-day options, and other leveraged investment products. They emphasize skepticism towards products that promise high yields or leverage, highlighting the dangers and complexities these financial instruments pose to retail investors. The episode also critiques the resurgence of target date funds, particularly those aimed at funding education. The goal is to educate listeners on identifying and avoiding questionable financial products to make better, informed investment decisions.

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Understanding Misinformation: Causes, Effects, and Solutions

In this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management Inc. welcome social scientist and author Matthew Facciani. They explore the pervasiveness of misinformation across history, its acceleration in the social media age, and the cognitive and social biases that make people susceptible to falsehoods. Facciani, whose latest book 'Misguided' delves into topics like conspiracy theories and AI-generated fake news, discusses the need for critical thinking, diverse social identities, and potential strategies to preemptively counter misinformation. The conversation also touches on the impact of AI, mistrust in institutions, and practical tools for enhancing media literacy.
00:00 Introduction to Misinformation
00:18 Welcome to Barenaked Money
00:53 Meet Matthew Facciani: Social Scientist and Myth Buster
01:46 The Journey of Writing 'Misguided'
04:31 Understanding Susceptibility to Misinformation
06:53 The Human Need to Belong
12:03 The Business of Misinformation
17:06 Strategies to Combat Misinformation
22:10 Trust in Institutions and Generational Perspectives
25:58 Tools for Media Literacy
27:11 Professional Fact-Checking Techniques
27:50 Challenges of Fact-Checking and Pre-Bunking Games
28:48 Breaking the Algorithm
31:02 Strategies for Healthier Social Media
31:36 Transparency and Friction in Social Media
40:53 The Role of AI in Misinformation
43:51 The Importance of Personal Connection
45:38 Conclusion and Final Thoughts

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Cybersecurity Insights with Matt Toussain: Defending Against Evolving Threats

In this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management are joined by cybersecurity expert Matthew Toussain, the founder of Open Security. Matthew shares his extensive experience in cybersecurity, shedding light on the vulnerabilities individuals and businesses face, particularly with the rise of AI and other advanced technologies. He discusses the importance of basic security measures like multifactor authentication, the evolving nature of cyber threats, and the critical need for businesses to stay vigilant. The conversation also touches on the role of cryptocurrency in cybercrime, familial fraud, and the potential impact of quantum computing on cybersecurity. Matthew's insights emphasize the importance of understanding and mitigating risks, providing a balanced approach to defending against cyber threats.

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00:00 Introduction to Barenaked Money Podcast

00:37 Meet the Special Guest: Matthew Toussain

00:58 Matthew Toussain's Cybersecurity Journey

03:11 Hacking Demonstration: Breaking into a Bank Account

04:43 The Importance of Multifactor Authentication

06:19 Open Source Software and Cybersecurity

08:14 The Threat of Open Source Intelligence Gathering

10:00 Evolving Cyber Threats and Social Engineering

12:30 Defending Against Cyber Attacks

18:43 Familial Fraud and Its Implications

26:02 Artificial Intelligence in Cybersecurity

30:16 The Scalability of AI in Cybersecurity

30:53 Current Trends in AI-Based Attacks

31:22 The Human Element in Cybersecurity

33:25 Small Business Cybersecurity Solutions

37:24 Voice-Based Phishing Attacks

42:29 Cryptocurrency and Cybercrime

53:30 Quantum Computing and Cryptography

55:51 Conclusion and Final Thoughts

Open Security: https://opensecurity.com/
Watch Matt hack his own bank account: https://www.youtube.com/watch?v=_UuBXIzo_kM

The Intricacies of Management Buyouts and Succession Planning

In this episode of 'Barenaked Money,' host Colin White from Verecan Capital Management dive into the complex world of management and employee buyouts as a form of succession planning. Featuring guest Rakesh Jain, a CPA with over 40 years of corporate finance experience, the discussion covers the critical aspects of transitioning business ownership, the importance of early planning, and the need for owners to both measure and understand their business value. Key insights include the advantages and challenges of management buyouts, how to approach valuation and financing, the importance of a structured growth strategy, and the role of cultural fit and trust in the success of these transitions. The episode also touches on timely considerations like tax implications and the practicality of employee ownership trusts.

00:00 Introduction to Value in Business
00:29 Meet the Guest: Rakesh Jain
00:58 Employee and Management Ownership
02:39 Challenges in Succession Planning
04:36 Importance of Early Transition Planning
05:33 Valuation and Due Diligence
10:35 Management Buyouts: Trust and Financing
19:19 Practical Steps for Transition
34:08 Final Thoughts and Advice
37:10 Podcast Conclusion and Disclaimers

Barenaked Money Welcomes Prisma Music Festival: Maestro Arthur Arnold and Andy Rice from Prisma Music Festival Discuss Music, Professional Parallels, and Community Connection

In this special bonus episode of Barenaked Money, host Colin White of Verecan Capital Management Inc. is joined by Maestro Arthur Arnold, Musical Director and Andy Rice, Development & Marketing Director, from the Prisma Music Festival. They discuss the upcoming festival in Powell River, British Columbia, covering its history, significance, and community impact. Arthur explains the meticulous audition process and the festival's educational goals for pre-professional musicians. They also draw intriguing parallels between conducting music orchestras and financial portfolio management, highlighting the importance of balance, adaptability, and passion. The episode ends with an emphasis on the festival's public events and the enthusiastic involvement of the local community and sponsors. For more info on the festival, please visit: https://prismafestival.com/

00:00 Introduction to Barenaked Money
00:17 Special Guests: Prisma Music Festival
01:36 The Musical Journey of Prisma
03:36 Community Impact and Support
05:38 Colin's Guest Conducting Experience
11:54 Public Events and Participation
17:09 Application Process for Musicians
20:21 Parallels Between Music and Finance
30:08 Conclusion and Final Thoughts

Reflections on Market Bottoms: Lessons from the Pandemic

In this episode of Barenaked Money, hosts Josh Sheluk and guest Matt Kempton, discuss the significant five-year anniversary of the market bottom during the pandemic on March 23, 2020. They reflect on the challenges and uncertainties of that period, the importance of not timing the market, and the relevance of diversification. They draw parallels between past and present market conditions, highlighting the constant presence of uncertainty and the need for levelheaded investment decisions. The discussion emphasizes the value of avoiding emotional responses in investment strategies and maintaining a diversified portfolio to mitigate risks.

00:00 Introduction to Barenaked Money

00:21 Reflecting on the Pandemic Market Bottom

03:04 Lessons from Market Cycles

08:29 Applying Past Lessons to Today's Market

19:55 The Importance of Diversification

23:21 Looking Ahead: Market Predictions

31:27 Final Thoughts and Advice

32:21 Disclaimer and Closing Remarks

Understanding Behavioral Finance with Lisa Kramer: From Seasonal Affective Disorder to Overconfidence

In this episode of Barenaked Money, host Colin White from Verecan Capital Management interview Lisa Kramer, the inaugural Verecan Chair in Behavioural Finance at the University of Toronto. They discuss the importance of behavioural finance, which integrates psychology into economic and financial contexts to understand decision-making processes. Key topics include the impact of sunlight on financial risk preferences, the differences between behavioural economics and behavioural finance, and practical advice for mitigating the effects of seasonal mood changes on investment decisions. Lisa also shares her research on the broader implications of overconfidence in trading. The episode emphasizes the need for awareness and informed decision-making in personal finance.

00:00 Introduction to Barenaked Money
00:16 Special Guest: Lisa Kramer
00:50 Behavioural Finance and Its Importance
02:49 Behavioural Finance vs. Behavioural Economics
05:35 Seasonal Effects on Financial Decisions
10:42 Strategies to Mitigate Behavioural Biases
21:47 Financial Decision Making
32:42 Conclusion and Final Thoughts