Todd sits down with Lawrence Hamtil, principal at Fortune Financial Advisors in Kansas, for a wide-ranging conversation on what it means to manage other people's money responsibly in a market fixated on AI and mega-cap momentum. Lawrence shares why a sector-neutral, roughly equal-weighted approach has served his clients well across cycles, how he thinks about position sizing as a fiduciary, and why he'd rather apologize for underperforming in a bull market than blow up a client's irreplaceable capital.

The conversation also digs into the AI spending cycle and its parallels to the China commodity super-cycle of the 2000s, the bear and bull cases for software stocks after their massive multiple compression, and why the economics of AI monetization remain genuinely uncertain. Plus: what Midwestern roots actually mean for investment temperament, the fictional writers who shaped Lawrence's worldview, and why you won't be vibe coding the avionics on a Boeing 777 anytime soon.

Topics covered: minimum volatility investing, equal-weighted portfolios, fiduciary risk management, AI capex cycle, software valuations, sector-neutral portfolio construction, Midwest investing culture, and more.

Lawrence can be found on X at @lhamtil and at fortunefinancialadvisors.com. He also co-hosts the Preferred Shares podcast.

Todd sits down with John Rotonti, portfolio manager at Bastion, for a wide-ranging conversation on what separates great investors from good ones, why there's no single "right way" to invest, and how to get comfortable paying a premium multiple for exceptional businesses. John shares key takeaways from his J-Ro Show, where he interviewed some of the top names in professional investment management, and breaks down the four growth engines he looks for in a portfolio company. The conversation covers position sizing, the Mittelstand concept, corporate culture as an undervalued moat, and why Amphenol's seat at the table with NVIDIA may be one of the most compelling stories in the market today.

Topics covered: concentrated portfolios, justified P/E ratios, family-run businesses, acquisition machines, AI infrastructure, quality vs. valuation, and more.

For more information, including important disclaimers, please ⁠⁠⁠visit the Flyover Stocks blog⁠⁠⁠.

Flyover Stocks is an educational podcast hosted by Todd Wenning.

Todd is the founder of KNA Capital, an investment adviser registered in the state of Ohio.

The views expressed on this podcast — including those of any guests — are for informational purposes only and do not necessarily reflect the views of KNA Capital or its clients.Nothing discussed should be considered investment advice or a recommendation for any particular security.

All investments involve risk, including possible loss of principal.For more information, please see KNA Capital’s Form ADV at ⁠⁠⁠www.kna-capital.com⁠⁠⁠.

Acclaimed writer Morgan Housel, the author of the international best sellers, The Psychology of Money, Same as Ever, and The Art of Spending and partner at The Collaborative Fund joined Flyover Stocks publisher Todd Wenning to discuss major money matters in our 40s.

Included in this conversation:

• Morgan Housel's career journey and writing style
• The role of authentic storytelling in finance
• Impact of AI on human connection and storytelling
• Housing policy and its effect on affordability
• Parenting, education, and societal expectations in the 40s

For more information, including important disclaimers, please ⁠⁠visit the blog⁠⁠.

Flyover Stocks is an educational podcast hosted by Todd Wenning.

Todd is the founder of KNA Capital, an investment adviser registered in the state of Ohio.

The views expressed on this podcast — including those of any guests — are for informational purposes only and do not necessarily reflect the views of KNA Capital or its clients.Nothing discussed should be considered investment advice or a recommendation for any particular security.

All investments involve risk, including possible loss of principal.For more information, please see KNA Capital’s Form ADV at ⁠⁠www.kna-capital.com⁠⁠.

In 1992, the bears called Fastenal "optically expensive" at 39x earnings. They were wrong. Today, we look at how persistent ROIC (Return on Invested Capital) allows elite companies to defy market expectations and "beat the fade." Learn why buying quality at a premium is a lapse in timing, but buying junk at a discount is a lapse in judgment. Featuring the four-point quality checklist used by the pros.

For more information, including important disclaimers, please visit the blog.

Flyover Stocks is an educational podcast hosted by Todd Wenning.

Todd is the founder of KNA Capital, an investment adviser registered in the state of Ohio.

The views expressed on this podcast — including those of any guests — are for informational purposes only and do not necessarily reflect the views of KNA Capital or its clients.
Nothing discussed should be considered investment advice or a recommendation for any particular security.

All investments involve risk, including possible loss of principal.
For more information, please see KNA Capital’s Form ADV at www.kna-capital.com.

In this episode, Todd Wenning and Jeff Fischer discuss a variety of topics around the state of today's market, what AI could mean for the economy, and how to monitor companies caught up in the AI cycle in both good and bad ways.

For more information, including important disclaimers, please visit the Flyover Stocks blog.

Jeff can be found on X @optionwell and Todd can be found @toddwenning.

Flyover Stocks is an educational podcast hosted by Todd Wenning.

Todd is the founder of KNA Capital, an investment adviser registered in the state of Ohio.
The views expressed on this podcast — including those of any guests — are for informational purposes only and do not necessarily reflect the views of KNA Capital or its clients.
Nothing discussed should be considered investment advice or a recommendation for any particular security.
All investments involve risk, including possible loss of principal.
For more information, please see KNA Capital’s Form ADV at www.kna-capital.com.

In this episode, Todd Wenning discusses why the presence of an economic moat is insufficient for investment. He considers the question philosophically but also practically by taking a look at available data.

For more information, including important disclaimers, please visit the  blog.

In this episode, Todd Wenning discusses the behavioral challenges related to selling one stock to buy another and shares one of his favorite articles from the depths of the financial crisis to illustrate what real market panic looks like.

For more information, including important disclaimers, please visit the Flyover Stocks blog.

In this episode, Todd Wenning discusses some common challenges faced by those in their mid-life (35-50) and offers some suggestions for emerging from this busy time of life financially stronger and more confident as you approach retirement.

For more information, including important disclaimers, please visit the Flyover Stocks blog.

In this episode, Todd Wenning covers a variety of investing topics with his friend and mentor, Jeff Fischer. Among other topics, Todd and Jeff discuss their time together running the Motley Fool Pro newsletter through the Great Financial Crisis, how to use options as a part of a long-term investing strategy, the power of recurring revenue, the challenges of managing other people's money, and the bifurcation of the market.

For more information, including important disclaimers, please visit the Flyover Stocks blog.

Jeff can be found on X/Twitter @fooljefffischer and Todd can be found @toddwenning.

In this episode, Todd Wenning of Flyover Stocks and KNA Capital speaks with Lawrence Hamtil of Fortune Financial and Doug Ott of Andvari Associates about their recent white paper on the US population shift toward the Southeast, entitled "Going South: Implications of Business and Population Migration".

Speakers, their families, and/or their firms may own shares of companies mentioned. None of this is financial advice and is meant for informational purposes only.

Please see flyoverstocks.com for charts, tables, and other important disclosures. Disclaimers for KNA Capital Management, LLC can be found at www.kna-capital.com/disclaimer.