Aired 2 months ago 1:27
San Francisco officials look to ban sale of e-cigarettes
CNBC's Fast Money
From the news
Aired 3 months ago 68:40
#143 - David Eifrig - Most People Run Losses Into The Ground
In episode 143 we welcome Dr. David Eifrig. David begins by going through his background and pathway to finance. He first discovered his interest in investing through the occasional Barron’s issue, and understood he didn’t want to follow in his father’s footsteps in medicine, moving on to Kellogg for business school before moving on to Wall Street. He describes that while working in finance, he decided to pursue science and medical school and ultimately helped build a business that was sold to Roche. While in residency, he began writing and that launched him into newsletter writing. Meb then asks David to describe his publications, Retirement Millionaire, Retirement Trader, Income Intelligence, and the newly launched Advanced Options. Meb asks David about how he thinks about value and price declines. David responds with some background on how he prefers to teach investing, and provides a simple framework for thinking about price and value. After a quick discussion of the closed-end fund space, the conversation shifts to what looks interesting right now. David discusses Altria, and their exposure to the vaping market and the marijuana industry as well as preferred shares. The pair then expands with a discussion about the current interest rate and inflationary environment after an interesting example from David. David also gets into the use of stop losses, having a plan, and the mindset of having an idea of when to sell. He mentions that he thinks about structuring portfolio positions such that losses on one single position won’t significantly impact the overall portfolio. The conversation then shifts gears into some lifestyle suggestions, David’s experience as a winemaker, and David’s best and worst trades. All this and more in episode 143.
The Meb Faber Show
Aired 2 months ago 7:03
Episode 1: The Cannabis Industry Crossing the Inflection Point
In this episode of the Strategy Lounge, we will be talking about the cannabis sector and the realities facing this new, yet increasingly competitive industry In a newly regulated industry whose players are still nascent – with little revenue and unproven operations – companies need a strong business strategy to survive long after the initial enthusiasm peters out. On October 17th, 2018, Canada legalized recreational cannabis use, bringing a black market worth an estimated $5.71 billion into the regulated confines of a tax-generating industry. This sector is undergoing what all fledgling enterprises experience in the first 12-36 months of existence: an intensely competitive phase that will culminate with a clear distinction between winners and losers. Industry players are seeking ways to stay on the winning side of this equation by: Building a brand within the restrictions of this tightly regulated market. Developing a strong customer experience. Overcoming the stigma associated with cannabis use. A shift is upon us Established majors, such as Constellation Brands, Molson Coors and Altria, have already moved into the market, raising the bar for the whole industry. It’s a sign of a shifting landscape towards a more mature stage – the capacity of Canada’s top 10 licensed producers alone is projected to double the country’s demand by 2020. Without partnerships to protect supply and demand, companies won’t be able to lure investors and please the market. Lack of export opportunities In the U.S., cannabis is still illegal while other global markets are already establishing domestic production to meet local demand. This is placing greater emphasis on revenue growth, supply agreements, partnerships and IP ownership with consolidation for strategic purposes as a likely end game. We’ve seen this before A financially speculative business climate and turbulence were rampant during the dot-com bubble. Roughly 50% of dot-com firms survived those early days, often because companies ran out of cash. More relevantly, we’re witnessing a similar scenario play out in those U.S. states where adult-use cannabis has been legalized. So, what’s next? Plotting a successful course of action in a vertically segregated retail environment will demand several key measures, including: Building a purposeful differentiation from the pack with a deep understanding of and focus on the customer. Establishing and communicating your value proposition. Strategically managing your value chain. Fostering partnerships and supply agreements. Avoiding commoditization by establishing the IP, competencies and core processes. Keeping an eye on global markets for opportunities to establish first-mover advantage. To read the perspective paper in full and find out how LEVEL5 can help during this transient time, click here.
Strategy Lounge by L5
Aired 4 months ago 41:40
On today’s show, hosts April Glaser and Will Oremus discuss news news that the french government has fined Google close to $57 million for violating the new European privacy laws that went into effect in 2018. This comes as news that the Federal Trade Commision here in the US is considering levying a record-breaking fine against Facebook for violations to their users privacy following the Cambridge Analytica mess. Corporate fines may well be a theme this year following the great clean up after the 2016 election went awry And then we’re going to talk about Juul, the multibillion dollar e-cigarette company that is dominating the new industry. It’s been quite the year for Juul. Their offices were raided by the FDA. They at least provisionally agreed to stop selling certain fruity flavors of tobacco clearly popular with kids. They accepted a $12.8 billion dollar investment from Altria, the tobacco company that owns Marlboro. And most recently, announced, the vaping brand launched a new $10 million national TV marketing campaign.To help make sense of the company that controls an estimated 70% of the e-cigarette market we’ll be joined by Nitasha Tiku, a senior writer for Wired.Don’t Close My Tabs:April: Bloomberg: Corporate America Is Getting Ready to Monetize Climate ChangeWill: The Huffington Post: Jack Dorsey Has No Clue What He WantsPodcast production by Max JacobsIf Then plugs: You can get updates about what’s coming up next by following us on Twitter @ifthenpod. You can follow Will @WillOremus and April @Aprilaser. If you have a question or comment, you can email us at firstname.lastname@example.org.If Then is presented by Slate and Future Tense, a collaboration among Arizona State University, New America, and Slate. Future Tense explores the ways emerging technologies affect society, policy, and culture. To read more, follow us on Twitter and sign up for our weekly newsletter.Listen to If Then via Apple Podcasts, Overcast, Spotify, Stitcher, or Google Play. This episode is brought to you by Slack, the collaboration hub for work. Learn more at Slack.com.
Slate's If Then