Shows
The Recovering Investment BankerUnderstanding the Federal Reserve Bank00:00 - Intro00:50 - Revisiting Chris's 2021 prediction about bonds and inflation02:34 - What is the Federal Reserve?04:21 - What has happened to the US economy since COVID?06:20 - The monetary base07:12 - Three ways the Government can throw money around09:02 - Interest rates and inflation10:35 - The Fed has grown massively12:03 - How the Fed buys and sells debt13:41 - Quantitative easing and tightening15:05 - What value does the Fed provide to the world?17:30 - Summary. Thanks for...
2023-02-2720 minThe Recovering Investment BankerExplaining Elon Musk's Takeover of Twitter00:32 - Elon Musk, like very few people in the world, has the personal capital to buy Twitter, a publicly-traded company, and take it private. He filed a Schedule 13D with the SEC and made moves.04:10 - Musk bought 9.2% of the company and the board had to recognize him as the largest shareholder, and they offered him a seat on the board. Musk declined because of the handcuffs they would have put on him.08:50 - At no point so far has the board made mention of free speech, censorship, and the other reasons Musk has publicly s...
2022-05-0723 min
The Recovering Investment BankerThe Authenticity Gap (feat. Kimberly Spencer)Chris and Eric talk to Kimberly Spencer, a professional life coach with an amazing talent for understanding human psychology. Her perspective hits home when talking about very high-performing people playing high-stakes games, and the consequences of being unaligned with your own values.
2022-01-2529 minThe Recovering Investment BankerThe Authenticity Gap (feat. Kimberly Spencer)00:23 - Our guest, Kimberly Spencer, is joining us from Australia01:48 - Kimberly's background07:13 - Chris gives an example of investment bankers taking advantage of companies and treasuries, and yet everyone (including the companies) were rewarded for it.14:08 - Kimberly elaborates on her concept of "different levels, same devils".17:34 - Money doesn't usually change you. Money is an amplifier of who you are.17:46 - What is Kimberly's advice for bridging the authenticity gap? First, know your values. Second, own your results.22:36 - The etymology of the word "decide". I...
2022-01-2529 minThe Recovering Investment BankerCorporatism vs. Capitalism00:45 - Today we're going to discuss corporatism vs. capitalism.05:04 - Small businesses operate in a free market. That's real capitalism. But large corporations often do not, because they can bend rules and policy in their favor.09:00 - 20% of the US economy no longer has a free market. It's healthcare.14:02 - It used to be the majority of doctors were sole proprietors. Now, over 90% of doctors are employees of major healthcare companies. 20:17 - The only people who pay full price for medicine are people who don't have insurance. Generally, the lowest-income people.
2021-12-2128 minThe Recovering Investment BankerThe Truth about Bonds00:54 - We're going to dissect a NYT article: "Buy stocks to prosper - buy bonds to sleep at night."04:16 - Instead of taking a loan from a bank, when you buy a bond, YOU are the lender to the government, or a corporation, or locality. A bond is a guarantee to get your money back plus an agreed-upon interest rate (usually a low interest rate).10:11 - The article begins by congratulating stock holders, and cites stocks that are primarily up because of government policies on energy and printing more money. These stocks rising are actually...
2021-11-3033 minThe Recovering Investment BankerThe Truth about BondsChris and Eric talk about a recent NY Times article, advising readers to invest in bonds as a way to help you sleep at night. But in an inflationary economy like ours today, Chris says the writer's advice is total garbage. What do YOU think?
2021-11-3033 minThe Recovering Investment BankerExplaining the Crisis in the book Crisis Deluxe01:00 - A major foreign bank, TransPac, was dealing in bonds with smaller Asian countries, and they did not have enough cash to honor the debts if they were going to be called.03:49 - The moment you mismatch your assets and liabilities, you are taking a risk. 05:23 - TransPac was buying bonds in smaller countries–in those smaller currencies–but they borrowed the money to buy those bonds in US Dollars. When the smaller countries' currencies were collapsing in value, TransPac still owed US dollars to its creditors.09:00 - This crisis was a simple timin...
2021-11-2227 minThe Recovering Investment BankerInflation and the capital markets01:12 - Inflation is the sickness of money. Money is worth less over time, because there's more of it in the marketplace.05:12 - World War 1 was funded by taxation, borrowing (war bonds), and the printing of new money.09:12 - Money is no longer stable in the economy, and has not been since the creation of fiat currency. Fiat meaning the currency is not backed by anything except an agreement on its value.15:28 - A strategy to combat inflation is to borrow at a low interest rate and pay it back in cheaper dollars over...
2021-10-1128 minThe Recovering Investment BankerHow investment funds are created (feat. Justin Simpson)02:40 - Welcome to the show, Justin Simpson04:34 - Retail investors may be exposed to an underwriting by buying shares through a broker. But most people get a piece of equities through funds... instead of putting money into shares, put money into a vehicle (fund), which owns a lot of various shares.07:01 - What other types of funds are out there? Most funds are in the equity sphere.11:31 - Buzz value...are investment fads here to stay? Example: r/WallStreetBets and GameStop ($GME).13:21 - GameStop was so extreme there was basically nothing...
2021-09-0956 minThe Recovering Investment BankerThe Underwriting Process: How investment bankers convert assets into capital00:56 - The underwriting process is one of the core functions of an investment bank.02:22 - Example of the Joe Rogan podcast, which sold to Spotify for about $100M07:14 - Capital markets are like an ocean of money. They are renewed, just like the water cycle. Underwriting process is like the rain that falls in the mountains, trickles down into rivers, and flows back into the ocean of the capital markets.07:49 - The underwriting process is about the only place where an investment bank actually takes risk. Usually they put the risk on anyone e...
2021-08-3125 minThe Recovering Investment BankerThe Underwriting Process: How investment bankers convert assets into capitalChris and Eric discuss how investment bankers create new capital products others can invest in, using a process called 'underwriting'. Basically, an investment bank cuts a check for your asset, then they try to immediately diversify their risk by spreading it around to other institutional investment banks and investors. If they're right, they can buy your asset for less than it's actually worth, and pocket the profit because you no longer own it. If they're wrong, they still owe you what was promised, and they're on the hook for the losses.
2021-08-3125 minThe Recovering Investment BankerThe difference between 'bankers' and 'investment bankers'00:25 - What does a traditional banker do?02:13 - What does an investment banker do? They put risk on other people and create a monetization path for non-monetary forms of capital.04:07 - The peruvian economist Hernando De Soto wrote The Other Path. Chris uses his examples of home titles as something to leverage for capital creation. Investment bankers can take non-financial forms of capital and convert them into financial capital.06:14 - When an investment banker does their job properly, they create financial capital where there was no capital before, and they create liquidity, which is...
2021-08-1710 minThe Recovering Investment BankerNon-Financial Forms of Capital01:55 - Get out of the world of money, and get into the world of capital. Pay it forward: money, experience, skills, etc.02:38 - He called Eric "Peter", and Eric chose not to be offended. And we also hear the cars in front of Chris's house.04:08 - Capital (and money) is intangible, and it was entirely based on relationships and reputation to be able to pay someone back. It's a promise.05:50 - A lot of people think of money as the only thing that's real. Tying someone's worth to their money is a shithead w...
2021-08-1024 minThe Recovering Investment BankerMoney vs. Capital00:21 - What is the difference between money and capital?01:22 - The time value of money02:45 - Money enables instant action. It gives us the illusion of power. It is liquid and portable.03:17 - Capital is what gives you power and freedom of more decisions. 09:32 - When living in the world of money, you're trapped on the treadmill of time. When you enter the world of capital, time becomes your friend. Time increases your options and power. In the world of money, time decreases your options and power.20:09 - Summary: M...
2021-07-2025 min
Platte River Bard PodcastThe Omaha Fringe Festival 2021 is almost here! We talk to Tamar Neumann, Executive Director.Join us as we talk with Tamar Neumann, Executive Director of the Omaha Fringe Festival! After having to skip last years' festival, the Omaha Fringe Festival will be held in person this year! Join us as we talk about the Festival, it's two locations, and how and when it will be held.
"36 Performances, 12 Companies, One Community, 6 Days, 2 Venues."
2021 Omaha Fringe Festival
Dates: August 5-7, 12-14th.
Preview Party at Big Canvas on July 31st.
Performances for the Omaha Fringe Festival scheduled are as follows:
Once Upon a ti...
2021-07-1418 minThe Recovering Investment BankerWhat is a market?01:30 - A market is nothing more than an environment in which buyers and sellers can come together to buy whatever they please for whatever price they agree upon.03:42 - Analogy of the farmer's market06:37 - We are complex individuals with individual wants, needs and abilities. But the market allows us to make a free decision with another unique individual.11:22 - An example where the market does not exist: The US Medical System. The healthcare system is terrifying to most Americans because we have no way of knowing what something will cost until after...
2021-07-1024 minThe Recovering Investment BankerTrailer: The Recovering Investment BankerCurious about the secluded world of international investment banking? This podcast is an unscripted, unfiltered perspective from a real insider, Chris Coffman. Chris is a recovering international investment banker, and now an author (Crisis Deluxe). Eric knows almost nothing about the global financial system, so he gets to pick Chris's brain. And sometimes the truth hurts.
2021-06-1102 minThe Recovering Investment BankerTrailer: The Recovering Investment BankerCurious about the secluded world of international investment banking? This podcast is an unscripted, unfiltered perspective from a real insider, Chris Coffman. Chris is a recovering international investment banker, and now an author (Crisis Deluxe). Eric knows almost nothing about the global financial system, so he gets to pick Chris's brain. And sometimes the truth hurts.
2021-06-1102 min
The Don Tony ShowTWIWH S2 E31 (07/30 – 08/05) This Week In Wrestling HistoryRUNNING TIME: 3 Hours 46 MinutesHosted by Don Tony SYNOPSIS: S2 E31 (07/30 - 08/05) Bruno Sammartino 'refuses' the NWA World Heavyweight Title after def champion Buddy Rogers who suffered an 'injury' during the match. A common finish back in the golden era of wrestling. Memorable bloodbath between Bruno Sammartino and Superstar Billy Graham (Special Referee: Gorilla Monsoon) takes place at Madison Square Garden. Roddy Piper and Tony Atlas make their WWWF TV debuts. Audio: Roddy Piper trolls fans in WWWF TV debut (1979). Audio: Roddy Piper 2nd WWWF TV match vs Jose Estrada (1979). Roddy Piper stabbed in the chest following NWA Mid Atlantic Title m...
2019-07-313h 44The Don Tony ShowTWIWH Episode 31 (07/31 – 08/06) #ThrowbackTuesdayRUNNING TIME: 3 Hours 18 MinutesHosted by Don Tony SYNOPSIS: Episode 31 (07/31 - 08/06) Superstar Billy Graham vs Bruno Sammartino get bloody with special referee Gorilla Monsoon. Audio: Rare audio clip of Roddy Piper's 1979 WWF TV debut. Tony Atlas makes WWWF debut. Mr Florida (Paul Jones) loses Mask vs Mask match against Super Destroyer. Looking back at this awesome card. Bob Backlund wrestles last WWF match (1984) until his return in 1992. Shane Douglas def Eddie Gilbert for UWF TV Title. Memories of WWF Wrestlefest '88. Audio: Hulk Hogan vs Andre The Giant Cage Match from Wrestlefest '88. World Class merges with Continental Wrestling to form...
2018-08-043h 18