36 Burst results for "Jazz"
Jennifer Robbins Bell Describes Her Best and Worst Marathon Experiences
"Tell me the best race that you've done so far. What's been your favorite? What city, state, whatever? That's a tough question. I loved the St. George Marathon out in Utah. It's just so, the scenery is just so different from where I live in Massachusetts, the Red Canyon. It's just so, I love that area. Like, all the canyons. I think it's beautiful out there. I haven't done that one. But I have done Crater Lake in Oregon. And it was like that for me. It was just breathtaking. Yeah, that's my favorite. It's very cool to go somewhere that's just so different. Absolutely. What was your least favorite so far? Was there one that you're like, oh, I'll never run here again. I don't know if I should name it. You can just describe it. You don't have to put a city name on it. How about that? What was bad about it? So I was almost done with running my 50 states. And it was one of my last few states that I had to do. So I signed up, traveled, flew out there, stayed in a hotel. And we got up in the morning, started running. And then a storm rolled in. And I got to mile four, and they canceled the race. That's the worst. It was awful. Yeah, they don't understand that all the money, all the money, the flight, and the hotel, and probably a car rental, time off work. Oh, that's the worst. I was just like, it's not that bad. Just let me go. Yeah, it should be optional, honestly. I mean, let me sign a waiver quick during this downpour that if I get stuck by lightning, it's OK. It's my own fault. Yeah. Oh, man, that's the worst. But then there wasn't really very many options in that state. So I actually had to go back and run it anyways a couple of years. The next year, I had to go back and run it. Man, oh, I feel your pain. I haven't had one canceled while I was there. I was supposed to do Jekyll Island, Georgia last January. And they were worried about the hurricane things. So they let us know a few days ahead of time. And so we were able to cancel the flights and all that. So I got the vouchers and stuff. So at least I hadn't actually wasted my money and had to do that part again. But it was still disappointing because you're really all jazzed up to go in three days. And I mean, looking at the weather, I know they don't know for sure. Yeah. In that day, it barely rained. It was fine. We would have been fine. Yeah, I've had two cancellations. One was when I was at mile four. And the other one is I had just landed in Philly. And they canceled the race. And I was like, ugh, I'm not going to go all the way to the, I was out of my layover. So I just went up to the airline. I said, I'm getting back on it. I'm going back home. Oh, wow. So they were very, the airline was really, they understood. They were very nice. They just got me on another flight. And I just turned around, came right back home. Because they said, what I'm going to do, sit in a hotel? Yeah. So yeah, that happens to us. And we got to kind of take the good with the bad. It's almost more disappointing than an injury when they do that.
Fresh update on "jazz" discussed on Bloomberg Wall Street Week
"This point in your career you're not going to go back in an MBA but why do you think you've been so successful without an MBA? I just loved what I was doing already and so when I was at the spot it would be kind of the natural take a break at an MBA. A lot of my friends that were doing it were kind of in jobs where the jobs were okay but they didn't love love were what they doing and I also think a lot of places the culture is such that if you're smart as you're you you can sort of coast you're good enough at what you do you're doing okay you're getting reasonable feedback you can kind of coast and the best way to do the next more interesting thing is actually to leave in some way and our culture just not like that and people like and hate that but if you are at all reasonable you're what doing people are going to give you the next challenge and the next challenge and keep pushing you and so I found myself in a spot where I was constantly new getting challenges a lot of I think the best mentorship I had at Bridgewater's because people often saw in me the potential to do things I didn't even see myself yet and if you find yourself in a place where you love what you're doing you're getting challenged you don't necessarily need to take that break if you don't it could be a great opportunity to go find out what is going to be like that. Bridgewater is some people would say the largest hedge fund in the world, you would say it's a large asset manager as well, but whatever describe you it as it's a firm that was built many years ago almost 50 years ago I guess by Ray Dalio. Ray is now seated needed the operational control and the investment control to a new generation and you're part of that new generation is that right? That's right. There are three CIOs is that right? And how do you work? I mean who makes it his final decision out of the three? I mean Ray's been an incredible mentor for so many years and one of the things he really put in place they were three CIOs you know when Ray was here and there are three CIOs now he put in place a culture where people welcome and want other people to critique the ideas. He used to talk about playing jazz together with the idea that every person brings something else and together you get something that you know one person alone can't do and so if you think about the way we try really to think hard and understand cause -effect relationships that drive how economies and markets are going to behave and the kind of culture that you created was one where you put those ideas sort of out there on a pedestal for people to critique and try to understand so you want what we really aspire to is you know at least three ideally four or five really thoughtful knowledgeable people with dependent ideas and perspectives debating every idea what would you like the average person to know about Bridgewater day as opposed to the Ray Dalio era has it changed a lot it's going to be pretty much the same better than it was pretty what do you want to tell people i mean the most important thing to know is the fact that we've seen it in making a transition though many of the firms that have an iconic founder like ray just never succeed in becoming something that outlives that iconic founder you have the iconic founder and then when they're gone that's it and raise clear the stage where he's made a priority and I think that's been a huge achievement and so the leadership team we have today you know near who's our ceo bob and greg who are co -cios with me that's leadership team has been together for many years i've been here 17 years i've worked with these people for many many years we know each other well we operate very closely and the most important thing is we operate now as an institution that outlive us with you know an investment committee structure with structure that can bring in more talent and so the most important people to know is the success we've had in moving past such an iconic person to something that can outlast okay let's talk about the investment process you've got how many people at bridgewater it's um... thousand people or about about a thousand people so these people are looking at ideas all the time presumably and they're bubbling up up you to one of the other two co -CIOs and do you say I like this idea I don't like that idea I don't like this idea I don't like that one or do you say I have ideas and you ask people to go do the research to confirm your ideas are good what you really want is a mix where you really want is a mix where you you have a culture where people can bring up ideas and they have enough room in their jobs and time to have space to explore an idea because just saying like oh I have an idea usually not that compelling you actually need some time to flesh it out put together kind of a proof of concept and so on so you want a culture where you enable that where there's enough room for exploration for entrepreneurship and so on but at the end of the day the best ideas get chosen whether they're top from the or from the bottom and get a lot of resources behind them to really drive them to completion and so we have a thought process that I
A highlight from Central Planning Myths with Daniel Harmon, Tuttle Twins - September 12th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right. All right. Good morning to all of you Cafe Bitcoiners. Morning, Jacob. Terence throwing you an invite. Good morning. You know, a while back, there was a video that got made with Tip and Z and the lyrics to that song got put on there, and it really helped because like for a while, you know, like when you listen to music, you kind of make up the words in your head if you don't know the exact, you know, lyrics. But once I read the lyrics to that song, and it's pretty interesting, if you know how to what the words are in that song and you're trying to talk to someone about Bitcoin, you literally can just recite that song to them, kind of. And it like totally flows like it makes you understand like Bitcoin in such a great way. I think if you like the lyrics in that song are very powerful, I guess is what I'm getting at. I have to agree. Morning, Peter. Good morning. All right, let's get rolling. Welcome to Cafe Bitcoin. This is episode 432. Our mission for this show is to provide the signal in a sea of noise, teach a whole bunch of people on this planet why there is hope because of this bright orange future that we call Bitcoin. We're gonna be kind of riffing today, getting various different newsy stuff. Later, we have the co -founder of Angel Studios, also the co -founder of Harmon Brothers and the creator executive producer at Tuttle Twins, Daniel Harmon. It's going to be joining us. Really looking forward to that. For those you don't know, Angel Studios, Tuttle Twins is like a cartoon series, and they teach a lot of incredibly adult concepts. I suspect that the kids that watch these shows have a better grasp on economics than a lot of the adults that are wandering around out there. Just my opinion. Morning, Mickey. Good morning, Dombay. Good morning. Yeah, in sort of that economics vein, I still meet like fully grown adults that think the dollar is backed by gold. Yeah, yeah, all the time, right? And it hasn't been that way since like, what, 50 years now? Come on, Alex, 1971. We all know this. Oh, for, yeah, 52 years at this point. It's crazy. Morning, Dombay. What's up, man? What up, y 'all? Just getting off the work grind. How's everyone doing this morning? Doing good. You're just getting off duty. Yeah, I was on for three days straight, but, you know, it was forgiving three days. Right on, right on. Are you, I don't know if you know this or not, I was curious, are you working the Pacific Bitcoin Conference? No, sir. I took that whole week off and I will be just around. I will be like free at the conference, in the conference, out of the conference. I'm going to really soak this one in for sure. Nice. Glad to hear it. Good morning, Rizzo. How are you doing, man? Thanks for joining us. Yo, good to have you back, sir. Thanks, man. It's good to be back. Good to be back. We're getting settled in, getting unpacked, all that jazz. Love the love being on the East Coast. Love it. It's a complete life. Why you gotta trigger me? Why you gotta do that? What? Why you gotta trigger me? It's early here. I don't sleep anymore. Sorry, bro. It's interesting. Hang around your buddy's ankle, dude. He's getting surgery here in a couple of days. about He lost a quarter inch of it, of the bone right above the ankle. It's kind of just gone. I assume if he's your buddy, he's orange -filled. But if not, I mean, that's a lot of good time to read and catch up on Bitcoin. Oh, man, he's a tough cookie. He's really proud of his entry into bonds last summer. Yowzers. And I showed him the Nakamoto portfolio, and he was like looking at it. And he was like, wow, OK, yeah. But you know, I mean, you can take a horse to water, but you can't make it drink. I mean, when the horse is thirsty, it'll drink on its own. And everybody gets Bitcoin at the price they deserve. And I used to hate that saying, but it's just really true. And it's because everybody, you know, people will purchase Bitcoin at whatever price it is when they have a need or necessity for one or many of its properties. And I don't know, you know, what do you do? It's that funny effect where it's not like Bitcoin's a new thing, right? We're in year, what, 14 now? Almost, what would you guys say if you had to guess, what is the percentage of human beings that have at least heard of Bitcoin at this point? 50 percent? More? I don't know what the number is. Do you guys have a guess? It's got to be pretty high. I think the we are early folks, sir. I think we're getting out of the early stage personally.
A highlight from GARY GENSLER CALLS ALL CRYPTO SECURITIES AHEAD OF CONGRESS HEARING & SEC RIPPLE XRP APPEAL
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start with news around scumbag regulator Gary Gensler. Tomorrow, SEC Chair Gary Gensler will be testifying before the U .S. Senate Banking Committee. And there will be two hearings this month that he's going to be appearing at. And tomorrow is the first. At the end of the month, he'll be testifying before the House Financial Services Committee. I think that's the one that's going to have the most fireworks the last time. It certainly did. Gary got a lot of grilling from Patrick McHenry and a whole bunch of other folks. So I can't wait for that one. So we'll see if he gets any pushback tomorrow. But ahead of his testimony tomorrow, he released a letter. And of course, he's reiterating the same old bullshit about how all crypto tokens are securities. And here's one of his quotes. Given this industry's wide ranging noncompliance with the securities laws, it's not surprising that we've seen many problems in these markets. Now here's what Taylor Barr of the Digital Chamber of Commerce had to say regarding those statements from Gary. Without clear rules of the road and notable regulatory gaps, it's not noncompliance. It's navigating uncharted waters. Yeah, I think we've seen this time and time again. Gary continues these false narratives. We know the market does not have clarity. We're seeing the judges and the courts. The judges are also like, what is the SEC calling a security? You can't even say which ones are security and which ones are not right. They're just the SEC is just throwing anything at the wall right now. And Gary continues lying. This is why we have to keep fighting folks. And we have to tweet. We have to use social media to our advantage. We have to make content. We have to contact our representatives. Now, Mike Selig, who is a crypto and a fin regulation lawyer at Wilkie Farr. He tweeted out some items regarding Gensler's letter. Chair Gensler says the vast majority of crypto tokens meet the investment contract tests. Now, former chair Clayton said every ICO is I've seen is a security. This is similar rhetoric, but different meaning. Unlike Clayton, Gensler says tokens themselves are securities. Judge Torres disagreed. So we know the Ripple ruling was certainly important for case law, highlighting Gary's lies and his false narratives. And even goes back to the Howie case where I've interviewed Hester Peirce, SEC commissioner, where she said she's trying to tell the folks there not to focus on the asset, but rather how it's packaged. So in the case of Howie, it wasn't the oranges, right? It wasn't the trees and the orange groves and all of that. It was rather his investment scheme, because if it was the fruit and the trees, that means every orange tree today is a security. All the oranges in the supermarket and that you have at your house is a security, which is nonsense, obviously, right? Because these tokens, folks, they exist on decentralized blockchains and they are distributed globally. They're outside the United States as well. Right. And you can't get the same rights as stocks. If you hold a token, you don't have voting rights in the sense of having equity and shares of the company and things like that. So it's not a security, but rather how it's packaged. That's the key. That's the differentiator. But Gary Gensler continues his lies. So we got to fight. Let's see how this hearing goes tomorrow. And if he gets pushed any type of pushback, I'm hearing a lot of Democrats and as well as Republicans, of course, are not happy with Gary with how he's doing things with the crypto market. Obviously, him taking a big loss with Grayscale and Ripple is significant. And I hope Coinbase mops the floor with this clown Gensler. And then I hope he gets he gets forced to resign. Now, the SEC is, of course, trying to file an appeal with the Ripple ruling. And here, attorney Frederick Foley shared some thoughts about that. He said, XRP community, SEC made decent arguments and Ripple countered them. Well, certifying the appeal is a discretionary standard. Judge Torres can do whatever she wants if she determines the three statutory conditions are met and there is enough wiggle room for her to certify, he says. But as I predicted earlier, I still say the likely outcome is she does not certified mainly because of the prejudice to the humans involved. Brad Garlinghouse and Chris Larson, without the claims against them, I would have to say 100 percent chance she certifies. Lastly, this case has a political element. So if that is a factor for Judge Torres, I don't think it is, but it's not without reason to think the opposite. She can avoid that issue by certifying and putting the onus on the second circuit as the court can simply deny the request. So we'll see. I don't think the SEC has any chance here. You know, once again, they can go ahead and file the appeal. Nothing wrong with that. But will they actually get it through and get something done? I don't think so. I think Gary Gensler has lost the narrative. Optics look very bad for him. And I can't wait to see what the ruling will be with the Coinbase situation. And I think another loss will be really bad for Gary Gensler. Now, a quick word from our sponsor, and that is Uphold, which makes crypto investing easy. I've been using Uphold since 2018, so I can certainly vouch for this platform. They have 10 plus million users, 250 plus crypto currencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform, as well as 37 national currencies. You can swap between different currencies with precious metals and crypto currencies. It's pretty unique. So if you'd like to learn more about Uphold, please visit the link in the description. All right, folks. Now, with Ripple acquiring Fortress, which is the custodian, and this was a big move by Ripple, of course. Well, some details are coming out that Swan Bitcoin's custodian was Fortress and that Fortress was hacked, apparently. And some customer funds were lost and Ripple in their acquisition had to step in to cover the customer losses. This is wild. Now, you may say, who cares? Well, Swan Bitcoin is run by a bunch of Bitcoin maxis. Max Kaiser supports it. The other guy, Corey, I forgot his last name, but these guys are toxic. I mean, they're going around calling everything a shitcoin. They're attacking other coins. They're always, you know, just doing nonsense. It's like their M .O., right? That's the persona they've taken over. But a lot of people recognize it. They're just just toxic, man. Just disgusting people. And lo and behold, the irony, folks, that Ripple came and bailed them out. Right. And apparently this was confirmed because Mike Belshi, who was who is the CEO of BitGo, who I've had on the podcast many times, he confirmed some of this and that the folks at Fortress Trust have not been clear about the lost funds and things that have been happening. And it's spilling over to BitGo because BitGo's clients are calling and saying, hey, what's going on here? Right. What's with the breach and all that jazz? So it's a mess right now. So it's pretty incredible that these Bitcoin maxis got bailed out by Ripple.
A highlight from NEW CFTC CRYPTO REGULATION PROPOSAL! LBRY APPEALS SEC - PALAU XRPL FUD, POLYGON MATIC TOKENIZATION
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google or wherever you get your podcasts, be sure to hit the five star rating. It supports the podcast and it doesn't cost you anything. Well, folks, we've got big news coming out of the CFTC. CFTC Commissioner Caroline Pham is proposing that the agency roll out a pilot program to start regulating the crypto markets. Folks, this is great. This is what leadership looks like and how these regulators should be working with the crypto industry. But of course, we're dealing with scumbag regulator Gary Gensler, who has been using regulation by enforcement, has politicized the SEC and really thrown the market into a mess. Right. A lot of entrepreneurs and companies are leaving the United States because they don't have clarity. But we know Gary is corrupt. He's a puppet on strings. He's doing the bidding of his masters on Wall Street. Many of the tradfi incumbents who are getting disrupted are using Gary Gensler. They weaponize them to go after crypto startups to kill them. Right. Not that crypto is going to be killed or crypto is not here to stay, but rather move these startups so that his tradfi buddies can come in and take over. So I tweeted out, this is an awesome this is awesome and what real leadership looks like. And this is reasonable. It's a proposal that makes sense to work with the industry and figure out how things are working with different crypto companies and much more. So let me give you the details of what she's proposing. The U .S. watchdog for derivatives markets could create a limited pilot program for regulating crypto currencies, said Caroline Pham, one of the members of the CFTC. Here's a quote. I'm recommending a time limited CFTC pilot program to support the development of compliant digital asset markets and tokenization, said Caroline Pham, who told or who holds one of the Republican seats on the five person commission in remarks prepared for a Cato Institute event on Thursday. Now, there's some more details here. After holding a roundtable, gather ideas. She said the agency should set up a program for a specific period of time that incorporates many of the components drawn from the past pilot programs, including registration and eligibility requirements, financial resources and other conditions, risk management, products and contract terms and other requirements, including disclosures and reporting. Pham, who leads the CFTC Global Markets Advisory Committee and established its subcommittee on digital assets, has suggested a number of crypto initiatives since she passed her purse, her counterpart at the SEC to host joint crypto roundtables with the two regulators. But the CFTC is led by Chairman Ralston Benham, a Democratic appointee who hasn't embraced an industry friendly posture for the agency. So you kind of have some issues here with Ralston Benham, who's like Gary Gensler, Democrat appointed, and they are doing the bidding of the Biden administration, which has not been crypto friendly, but they can't stop this train. The genies out of the bottle, they may slow it down. Don't get me wrong, but they can't stop the strain. Crypto is greater or I should say bigger than just the United States. Other countries, markets and regions are embracing the technology or passing crypto regulations. We saw the EU and the UK do this. So things are moving ahead. We just need Congress to act here. But I love this proposal by Commissioner Pham. This is what once again, real leadership looks like. And these folks, the regulators should be working with the industry, working closely to figure out how can we get this right, right? Work with the good actors, weed out the bad actors. So we don't have an FTX and a Celsius situation again. But once again, you've got the corrupt rat scumbag that is Gary Gensler, who has the entire market in a mess. And we need Congress to act, folks. And we need to support folks like Commissioner Pham and Hester Person, many more to help get the message across that there is not clarity in the market and regulation by enforcement does not work. Now, before we continue, a quick word from our sponsor, and that is linked to, which makes private equity investment easy. Linked to is a great platform that I personally use. They allow you to get access to companies before they go public, before they do an IPO within their portfolio includes different verticals such as crypto, AI and FinTech. Now, I'm, of course, interested in the crypto companies. And there are many, many very big names here from the crypto industry, such as Circle, Ripple, Chainalysis, Dapper Labs, Polysign, Ledger and many more. So great platform to get access to equity and diversify your portfolio. It's really an opportunity that has not been open to retail investors in the past, folks, because you had to be part of a hedge fund or some investment firm to get access to equity before these companies go public. So really, really great opportunity. So be sure to check out link to link will be in the description. All right. Next big news we got here is that library. Yes, the library, which, you know, they lost their case. They have filed a notice of appeal. Very interesting and very smart because what has been taking place over the past two months with Ripple's victory and Grayscale's victory shows there is weakness and there's more case law. Now, when I say weakness, weakness on the SEC's narrative, their attempt to try to kill good actors and crypto startups. And obviously the law has not been on the SEC side. So library throwing the appeal in here, very, very smart. And not to mention what's going on in the Coinbase case. So we shall see how this goes. I don't know if they are going to win the appeal, but I think it's very smart of them to definitely check this out and see if they can get it. Because once again, there's case law given the ripple situation, secondary market sales and all that jazz. So really, really excited to see how this goes because I think library was unfairly picked on by the SEC. One of the good actors legitimately trying to build a great platform that I was personally using, I was getting library tokens from publishing my videos and watching videos on the platform. But in came the SEC to protect me from library. Pretty, pretty nuts. And here Ripple's David Schwartz, which he was at APEX Dev Summit, which has been happening this week, and he made some opening remarks which got the crowd going. And this is on the future outlook of the XRPL on day one of the APEX Dev Summit. He said, other than Bitcoin, XRP is now the only digital asset with regulatory clarity in the United States. Yeah, I'd applaud that one or for that one, too. And the crowd went kind of nuts. So highlighting here, you know, what's been happening and trying to get folks to know like, hey, you can come build on the XRP ledger. You don't have to worry. You know, this we have the clarity from the judge, of course. Now, there was some thought around the XRP ledger being used by Palau. There was probably Bitcoin Maxis are behind this because it was published by Bitcoin .com. So here, J. Hunter Anson, who's digital residency officer director, part of the Palau Ministry of Finance, he said, not accurate. Palau is absolutely looking forward to continuing our partnership with Ripple using the XRPL to refine our stablecoin solution design. The Palau stablecoin was always a temporary research and development pilot. Originally scheduled for 60 days, we've actually extended it another 30 days to test some additional use cases discovered along the way and allow more people to participate due to popular demand. We need time to compile data and complete our report to government leadership. The report will include recommendations for the next pilot and also requirements for a full production program.
A highlight from Sean Li Interview - Bringing The Next 1 Billion Users to Crypto & Web3 with Magic Wallet - Raising $52 Million from PayPal
"Yeah. That's a great one too. I can't travel to a concert, but I can tap into it via the metaverse and have a bit of the real world experience, the live feed, quality images and imagery. That would be great. I got some wrap up questions for you. And I guess what the first one is, if you could create your own metaverse, what would the theme be about? I'm assuming it might be gaming for you. Yeah. Just something fun and different. But I do like nature as well. I really like Big Sur. Maybe something similar to that landscape would be really nice. Sure. All right. So I got some rapid fire questions for you. Favorite food? I like sushi. Yeah. Japanese. Oh, Japanese. Yeah. Favorite musician or band? I like Blackpink. Favorite movie? Sorry. Favorite movie? I do like The Prestige. It's where the name Magic was inspired from. Oh, really? That's a good movie. It's one of my favorites. And obviously two great actors in that, but that was really good. Favorite book? I'm reading one recently. It's called The Fourth Turning. So it's about history repeating every 80 to 100 years. And there's four seasons to each cycle. It's really, really interesting. And it's predicting some really large trends that's coming up based on history. That's awesome. I got to check that one out. And when you're not working at Magic, what are you doing for fun as a hobby? Oh, yeah. A lot of jazz music. So I went on a software engineering path. I was playing the saxophone a lot in five bands and played a lot of jazz, a lot of improv music. But had to work five jobs to make a living. And my dad told me, if you do a software engineering, you can just work one job and play music. So I thought, oh, that sounds cool. I like computers. So that's what happened. But I still play and I love music. Yeah, me too. In the ideal world, I play guitar and I would be a guitar player in a band, but that doesn't pay the bills. So I play for fun. It's my relaxation. So I can certainly understand your perspective on that. Sean, pleasure chatting with you. I really love what Magic is doing and I would love to have you back on in the future as you guys launch new partnerships, new features, and much more. But thank you for joining me. Thank you. Thanks for hosting me. Bye.
A highlight from GENC: Dont Be An Expert, Be A Student with Sandeep Seth, CMO of Coach
"The new In Gen C. The C stands for crypto, but it also stands for creators, the connected consumer and collectibles, both digital and physical with on chain provenance. It stands for culture and characters, the ones we play in games and the companion ones that AI is building alongside us. It stands for community and digital citizenship and the new set of transparent and trustless tools being built to govern them. These are the people who were raised on a different philosophy on how they look at money, how they look at identity, how they look at privacy and how they look at the hybrid, digital and physical spaces being built all around us. And finally, how they reimagine their relationships with the communities and companies they interact with. We focus on how brands, large and small, are building for these audiences. Welcome to Gen C. Sam, I feel like everybody besides us is at career blockchain week. Are you also getting a little bit of FOMO? I am, but I'm also not because I've been traveling so much this summer and I have so much travel coming up that I'm like, if I get to stay home for four weeks, I'm so happy. So true. I am in Miami for the next week and a half and I'm so excited. This is that pre -Labor Day, get all of our house in order, work -wise and life -wise. So it's really nice to actually, you know, have a little bit of head's down time while everybody else is on vacation. Absolutely. Avery, I've noticed in your head's down time, you have not bought one share of Sam Yuen on Friend Tech. So what's going on? What do I got to do to get you in the Sam Yuen crypto community? I need to do that. I haven't even gotten Friend Tech set up, to be honest, because I think that I've seen this movie before on Friend Tech. And while I hope for all the success in the platform, what I don't love is the sort of like Ponzi -nomics ecosystem that I've seen happen many times before and I think can at times create the wrong incentives for people who don't have the right intentions. So that's one of the reasons I personally haven't gotten going, but I need to do that just to get my hands on the tech. I'm going to take that as an action item for myself by end of day today. So I will shortly invest in Sam Yuen on Friend Tech. Amazing. For anyone who is listening who has not yet gone into Friend Tech, it's a crypto platform on base. Coinbase is layer two, and it does allow you to, in essence, buy shares in personalities, your friends, and that share gets you into a private chat community with anyone else who holds those shares, which, you know, it's been one of the fastest growing crypto apps in a while. It's second only to Ethereum in number of transactions at the moment. They also did about $800 ,000 in fees just in the last 24 hours. So there is a lot happening in it. And one of the things we saw over the weekend was people like FaZe Banks, who's part of FaZe Clan, and some basketball NBA stars started coming on, which has sort of broken it out of just being crypto and crypto influencers. But yes, to your point, this idea of, you know, now I have to pay two Ethereum, five grand or whatever it may be to jump into someone's private chat community where I don't really know what I'm getting from them until you do, feels a little too crypto -pumpy to me. Yeah, Sam, you know my perspective on this sort of overt early financialization of things like relationships where I could just text you or telegram you or call you or do a podcast. And of course, there are oftentimes sort of other ways you financially support the people that you're friends with and you're sort of emotionally invested. That's one of the reasons why I've never been hot on this idea of like crypto dating apps and that type of thing. And like there's some things that don't need to be overly financialized, though, of course, when it comes to something like a celebrity or a community where you're like really gleaning valuable insights, I'm all for supporting the creator economy. So I need to get a little bit more hands on and get a more educated perspective because right now I'm sharing an outsider's view. But Base has certainly been the star of the summer, if you will, you know, Coinbase's Layer 2 solution. I was just walking in downtown Miami and saw they actually have outdoor ads for Onchain Summer. So got to get Jesse on here. It's awesome to see some activity happening on Base and I hope that it's sustainable. Yeah, absolutely. I've been trying to collect as much as I can in Onchain Summer really just to play with all the different brands. Atari is there, Coke is there, an amazing set of artists, DK Motion's piece, you know, 70 ,000 Mints, you know, for an open edition. Yeah, I got that one. Yeah, pretty awesome. Next story I wanted to get your thoughts on was we've talked a little bit before about AI and music, but I was reading a blog post yesterday that YouTube put out and it was about that they are actually working with Universal Music Group directly and the estates of like Frank Sinatra, the jazz drummer Max Victor, there's a global pop star Anita, Yo Gotti who's part of the hip hop world. All of them are coming in to say let's explore what AI and music can do together really as a precursor to setting up kind of set of guidelines of how musicians and AI creators can work together. And it's all kind of working with YouTube also through the lens of how do we ensure that there are creator royalties and rights that are happening within this. So I thought it was an interesting first step. You know, one, working with artists who don't have any say in their career anymore, the Frank Sinatra estate, but also working with current hot artists who are willing to say maybe there is a world where co -creation is at the DNA of part of what we do together. Do you have any more thoughts on that? I think there's no stopping the AI train and I think these musicians and the estates of these musicians are smart to lean into this and smart to be working with, you know, an established platform like YouTube to figure this out because it's going to happen anyway. It's going to happen with or without them. And, you know, to have their voice at the table, I think is critical and is ultimately going to be helpful both to educate the platform on what's possible, do things that are right by their fans and have their voices and their fans' voices heard. So I think it's amazing. I'm seeing all different types of experimentation in generative AI with music. There are, you know, a number of a platform I have been playing with a little bit. It's called like M -verse and you can, you know, say what you want and it gives you lyrics. It actually outputs like a rap. There's a bunch of cool stuff that's like happening with little experimental startups. I'm seeing a huge crossover with folks who are really into web free. I'm now really into the AI space as well. I saw NFT now now has AI now. There are so many of these, you know, I would call them like emerging tech leaders who had leaned into the space of NFTs and crypto. We're now seeing a lot of adjacencies with AI. But just like anything it comes, adoption is going to be driven by products that people actually want. And also very different to what we saw in the NFT world. I think monetization is actually a lot more challenging because this is not a place where there's an immediate commercialization. That's going to be something that comes up sooner rather than later and all of those artists are going to want to find ways they can get paid as a result of, you know, experimenting and exploring this technology because they do see one of the challenges that will be coming up shortly is like how do they make money from this? Agree on all of that. It feels a little bit to me like the frenzy is dying down a bit. Oh, it is. Actually chat GPT usage is down. The speculation is because it's summer, so kids are out of school. Well, not only is it down, but I've been hearing more in relation to text -based AI that people are finding results getting more and more suspect in the stuff that they're trying to create in the sense that GPT -4, which was supposed to be this really revolutionary step forward, actually isn't creating as dynamic output. It's kind of more generic output. There's also these theories on the fact that the more that AI is getting trained on output that's done by AI, that it continually dumbs itself down, which lends itself to the opportunity to say how much is it more of a research tool versus a creative output tool? And then even going one step further, how viable is that at research when you do it? You still have to double check. You don't want to be the lawyer who got disbarred because they were using chat GPT in order to litigate their cases. I guess I just wonder if, and I think this is a great thing, right, as the frenzy dies down, we start to see the actual use cases and the productivity side, which I know you're big on and I'm big on, start to emerge as how does this just make me a better creator, employee, thinker, writer, whatever that may be? Yeah, so we actually just said these five key takeaways of where the AI space is heading. And the first prediction is that AI excitement will wane. I think that that moment of like, oh, my god, chat GPT is magic, that is kind of like ended for a lot of people because they played around with it. And I think from a consumer perspective, there's the fun of playing with it for the first time. But then there's like actually I could just search on Google. So that initial excitement is waning both with consumers and also with some enterprises. The second sort of prediction is that AI will be everywhere. I think we're seeing AI sort of deeply integrated across so many of the day to day things that we use, whether it is Instacart or Gmail. AI is just built in already. So it's like, do I need a separate interface to utilize some of this technology? We also think that corporate strategies are starting to take shape. I know our next guest is probably going to speak about this a little bit, but so many of our partners at Viner are crafting the strategies right now of how we're going to leverage AI, both for marketing, but also this is a conversation very often not owned by the chief marketing officer, by the chief information officer, the chief technical officer. A lot of those conversations are happening of like, what's the corporate strategy around this? And we also believe that negative narratives are going to start gaining traction a little bit like what you just said, Sam. A lot of calling out the misuses of it, a lot of calling out the ethical biases. There will be a few like, oh, no, that just happened moments in the next year that I think will expose sort of the dark side of AI. And our last prediction is that AI is going to be everywhere at the Super Bowl this year. Marketers love a shiny new toy and AI is that many a brief is coming in around how do we use AI end to end to develop our Super Bowl campaigns. And I think it's the right brief, right? It's how do we leverage this technology to do something we're already going to do better, faster, cheaper, more effectively. So I think all of that is going to happen. But the initial hype is dying off in favor of, you know, really trying to understand this stuff. And what you just sort of pointed out was the fact that there are multiple different formats of generative AI and the models themselves. There's advantages to having a model that is trained on more information and there's advantages to having a model that is trained on less. Just hearing a pitch from an AI company we're considering working with on some marketing initiatives and their model is actually intentionally not trained on every single thing under the sun so it can be narrow and focused. So whether you're talking about Claude by Anthropic or barred by Google or any other of the different companies and models that they're building, each of these are a little bit different. And as you become more familiar with them, you see the pros and cons of each the same way you have pros and cons of any like media platform or other sort of tech platform that you use. And I don't think that that many people actually understand that yet. They think generative AI is generative AI and everything is chat GPT and you're like actually it's completely different if you're using meta's llama versus if you're using Einstein GPT because ultimately it's pulling from different information that gives a different output and bigger is not necessarily better.
A highlight from Having the financial mindset
"In today's conversation I speak to Kerry -Ann Powell about the importance of maintaining a consistent positive cash flow in small and medium sized businesses. Kerry -Ann is committed to spreading the gospel that running a small and medium sized business is vital and important to our economies, yet it doesn't have to feel like trying to manage a chaotic tornado. Business owners can run their business smoothly and feel confident that they will thrive. This is an important conversation about running a business that can weather financial storms and see new ways to improve your cash flow. I create clear thinking and decisive leaders who can amplify their influence. Contact me to find out how I can help you or your organisation. And today our guest is Kerry -Ann Powell. How are you doing Kerry -Ann? Good, it's such a joy to be here. Thanks for having me. You're welcome. Kerry, tell me what kind of music you like? You know, I am one of those weirdos that just like, if you look through my music, they're like, you can't tell. But I do love, I do find myself enjoying jazz in the morning. Wow, what type of jazz? Not sort of the more authentic jazz, sort of the ones that you sort of can listen to on YouTube that has a hint of what once was jazz. I hear you, I hear you. So apart from loving jazz, tell us more about you Kerry -Ann. Well, you know, I really enjoy these types of conversations, Judith, around business and, you know, sort of talking about what it means to really thrive in business and I a have middle child of three children. So, you know, I'm probably one of those middle children. Cool. Okay. So today we're going to talk about how to ensure a consistent, positive cash flow in the business during times of uncertainty, which feels to me as a very pertinent question to tackle today. Where would you like us to start? Well, you know, I think just the sense, Judith, around particularly for small and medium sized companies, this idea that it's okay for there to be inconsistency in one's cash flow. And I think just sort of being aware that significant amounts of ups and downs is actually not a good thing. Okay. So if you're, so if it's an irregular thing, you know, it goes down for a bit, not to worry, but if you're constantly going up and down, that's when you should start panicking. Exactly, Judith. Because, you know, depending upon what stage of the business that one is and particularly for small and medium sized companies, you know, cash is the thing, right? You are going to be having those ups and downs a lot more than say if you were more established company. So there are problems within a company at that stage that are problems, but they're normal problems. But when you start having perpetual and consistent negative cash flow, that is a problem because that is one of the number one, that is the number one reason for businesses failing lack of cash. Hmm. So what kind of strategies can people put in place then? Well, the first thing is, and this sounds so simple and very elementary, but the first thing is really making sure that you are getting your monthly statements, your cash, your cash reports, everything from your accountant and your bookkeeper on a monthly basis. And you small and medium sized companies are so busy that sometimes they sort of wait till quarters end and then do the analysis. But if you start looking at your statements ahead of time, every month, it allows for you to understand the ebb and flow of your company. It allows for you to get comfortable with seeing the patterns and it allows you to really have a good spotlight on what's happening. So that's where the first thing, and then I know that sounds so elementary, like, well, who's running a business, not looking at numbers, you would be shocked.
A highlight from Envision Your Success with the Transitions Innovation Awards
"Award -winning eye care professionals, I got it. Innovative and iconic brand, I got it. Tune in to today's podcast as we dive deep into some of the best eye care professionals in the world. Let's go. This is a Defocus Media production. What are your jobs? What's up everyone? It's your favorite optometrist, Dr. Daryl Glover. And I'm Dr. Jennifer Lyerly, resident optometry nerd. And welcome to Defocus Media, optometry's number one podcast, where we discuss the hottest topics, latest technology, eyewear, practice management, and more. So sit back, relax, and defocus. What's up, what's up everyone? It's your favorite optometrist, Dr. Daryl Glover. Today I'm super excited because I am with some friends and some colleagues that have really changed the game. Not only do they win awards, but they make an impact inside and outside the exam lane. Today we get to dive deep into my friends from the lovely company, Transition Opticals. And we're gonna talk about innovation awards. We're gonna talk about how they got there and talk about some of the impact. And you know, we got to include a little bit of style in there as well. But before we get started, let's talk to our guests. Let's learn a little bit more about them. And first up, we have the amazing Rose Harris. Rose, how are you doing today? Hi, Dr. Glover, I'm doing great. I'm glad to be here. I'm super excited to have you here. And for those that may be living under a rock that are not familiar with the amazing brand of Transitions Optical, if you don't mind maybe sharing your background and how you got into the organization as well, because I've known you for quite a bit of time. I remember meeting you for the first time when I was the first cohort for the Transitions Change Agents. And I just remember just having a great conversation with you, it was one of those impactful conversations that really drew me into this amazing brand known as Transitions Optical. So maybe if you don't mind sharing a bit about your background and what you do within the organization as well. Well, I never intended to get into the optical business. So it happened a little by accident, but I fell in love with it once I came in. I actually had worked for the Home Shopping Network in marketing there. And heard about this new startup company called Transitions who was looking for people to help with marketing. So basically have been there since the beginning and saw the company grow from nothing, very startup to the big brand that it is now. And through eight technology improvements along the way and launches of new products. So it's been a really, really fun ride. When I think about Transitions, I always think about other big iconic brands, but innovators just in the world. I put Transitions up there with your Apple's and your Microsoft's because they really are all about technology. And I know it's pretty cool to be on the marketing and branding side because you get the brand and market something that is just iconic and that changes lives day in and day out. So super excited to have you on the podcast today and can't wait to dive a little deeper about the awards. And I also wanna give you a special shout out because recently you received another award, right? Yes, the Vision Monday recognition of the influential women in eye care. So I was recognized in the innovator category. So that was quite an honor, very exciting. Awesome, awesome, amazing year. And I know you took on a new role this year as well. So you've truly been blessed this year with all types of great awards, but it's because of the impact that you make Rose, it's no doubt about it. Anyone that sits down and has a conversation with you, they know that your heart's in a good place and they know that you're gonna always push that brand forward but most importantly push eye care forward. So thank you so much. Next up, we got my colleague, my friend, Dr. Jen Chen. Dr. Jen, what's going on? Hi, I'm so excited to be here. Dr. Jen Chen, I'll give a little background on me. I am a second generation optometrist and I live in San Diego, California. I have been wearing transitions for as long as I can remember, probably from generation one. Like when I was a little kid getting cold four eyes, like I was the one wearing transition lenses ever since then. So I absolutely love the brand. I'm a huge advocate for it. And I love showcasing the portfolio to my patients as well as my friends and my followers. I love it, I love it. And that's the key, right? This is why you've been so successful and why you are a winner is because you practice what you preach, right? You're not just out here telling patients about a product or about a brand just to increase your margins or your bottom line. You're telling them about something that's gonna elevate their lifestyle, accommodate their lifestyle and take it to the next level. I've had the opportunity to know Jen for quite a bit of time. And when I think about folks that wear amazing eyewear and have the right lens technology to accompany that, you're definitely top of the list in my eyes. So thank you for always looking fly and fresh, but most importantly, preaching the gospel to all our patients out there, but also our colleagues as well. Thank you so much. Thank you. Yeah, all right, Camille, it's your turn, you're up. Tell us a little bit about yourself and your background and where you're from and what you represent and what you do, my friend. So I'm a district manager for New Look I Wear in Montreal. And so I'm an optician for more than 12 years now. And I've been working with New Look and during the seven years now, and I've been working with Transition as well during this time. So I've been working with Transition since 2016. And Transition for me is a lifestyle. So I have it in every pair of glasses I own. And because I'm a manager, I need to spread with my team the Transition love too. I love it. I love it. And I must say your eye wear is amazing. It is fantastic. I don't know if I can rock the heart look, but you know what? I don't mind being a trendsetter and being a little different. So maybe I might need to get some of those myself, right? But let's kind of jump into the mix. You know, when it comes to the awards, I love to learn a little bit more about it. And I think Rose, you might be able to really, you know, navigate this conversation. If you don't mind maybe sharing a little bit about the background and let's just kind of build from there if you don't mind, Rose. The Innovation Awards, they go way back. We started back around 1995, recognizing some of the people in the industry that we saw out there doing great things for their patients or just innovation in the industry itself. So we officially though in 2010 started the name of the awards to the Innovation Awards. And we just see so many of our customers or partners or eye care professionals doing amazing things out there. And we wanted to bring recognition and hold them up as examples to other eye care professionals, provides an inspiration and also to thank them for everything that they're doing to bring great patient care to the industry. I love it. So tell me this, let's break this down in a little more detail. Can anyone in the world actually apply to be a part of these awards? How does that work? Well, actually in the US and Canada, we have our version of the award. So anyone in Canada and US can apply for one of five different awards that we give. So there's the Transitions Healthy Sight Ambassador. And then we also recognize things for people who are doing exceptional things in training, for example, in education or and we recognize one practice from the US and from Canada every year for being the best eye care practice. So, but the other regions do do their own recognitions. And in fact, they all share the stage at our big annual event that we have Transitions Academy where all the winners are announced and the recognitions from around the world are given. I love it. And for those that have never attended a Transitions Academy please put it on your bucket list. Matter of fact, do it earlier in your career because the thing about Transitions Academy is yes, we recognize all our stars but the caliber of the speakers that help you more personally and also professionally it's just unmatched. And the networking opportunity that you have is unmatched. And most importantly, you get to learn about the new innovation and the technology that Transitions brings to the market. It is definitely hands down my favorite place to go every single year to rub elbows with some of the best people in the world but most importantly, to see Rose smile as well. You know, it's just a fantastic place to be. Rose, why have you on this call? I gotta take full advantage of this because you've been in the game for a while clearly, right? And by the way, my mom, she watches Home Shopping Network all the time and she's been ever older today, so. I haven't had anything to do with it in a long time but when it was a startup, it was pretty exciting, yes. Yeah, she loves that channel. She's always showing me something to say, do you need this? I'm like, well, I don't be happy to use for that. I'm sending you this stuff. But Rose, check it out. I would love to learn what was your most impactful moment at Transitions Academy? Because every year I go, I just, it's like it's a new impactful moment that surpasses the previous one. So with you being at so many, I would love to just know that most impactful moment that you experienced at Transitions Academy. Well, I mean, I think the caliber of the keynote speakers, there's so many that I can remember, but we had a bucket list speaker. Oh gosh, I'm on the spot now. I can't remember his name, but he really made you think, what are the things that you want to do before you die? What are you doing to get there? And I ended up getting his book and making a lot of decisions in my life. And I'm still following that and going places and doing things that I was dreaming of. So I think personally that made a big impact on me. But I have to say that the Innovation Awards is what I get the most excited about because people it's like Dr. Chen, Camilla that are up there and seeing their passion for what they do. It's so inspiring. And I mean, it just lifts us all up in our company. We walk away so inspired by what they've accomplished and knowing them personally too, feeling so proud. Absolutely, absolutely. And that's a great segue because we do have two award winners on the show this evening, Dr. Chen and Camilla. And I would love to learn a little bit more about your journey to being these rock stars that you are in ICARE, right? So maybe if you don't mind, and Dr. Chen, we can start off with you just telling us about the award that you won and maybe walk us through the process of what it looked like to get there. Yeah. So I won the Brand Ambassador Award, which is now technically the Healthy Side Ambassador Award. And the whole process behind it is just basically finding a goal of what you want to do. So for me, it was about showcasing that Transitions is a lifestyle brand, like we had already mentioned, and showcasing that it can be young, fun, and hip, especially for people my age and my demographics. So especially in my practice, I have age range of like 20 to 55 is like a majority of my patients. So that was something that was huge for me is showcasing this brand is in a different light to them because a lot of them are familiar with what the product is and what the technology is, but they've only seen it on their parents or grandparents. And that was a huge thing for me is like, OK, well, you can wear it when you're at the beach. You can wear it when you're hiking. You can even wear it to a wedding. You can wear it when you're at work, at the gym, whatever you're doing, this is going to help protect your eyes. So that was one of my big goals. And using my platform of social media was the best way for me to get the information and showcasing everything out to people, as well as to my patients. So I love it. And you do a fantastic job on social media as well. There's fantastic content. And of course, the eyewear is always fabulous. I look to see what you're wearing every single day and what type of content you're going to put out. So continue the great work on that end. And I think it's important to serve as an ambassador, right? We can push our profession forward, but it's up to us, right? We have to practice what we preach. If we wear a certain style frame for a reason, or if we wear it or use a certain style lens technology, we have to be able to tell the story. We have to understand the brand. And the one thing that I love about Transitions is that they help you tell the story. Again, Transitions Academy, they really break it down from top to bottom. And they really help you to be able to navigate that -patient doctor relationship, that optician -patient relationship. That way, you can always help patients elevate whatever they're doing day in and day out. Tell me about the journey to get there. Was it difficult to apply? Or what did that look like in general? It wasn't difficult to apply in the sense of anybody, for the most part, can do it. But it is a little bit of a lengthy process. So it's not just like you have to look at one period of time. It's an entire year. So you have to plan for it. So let's say if you're planning to go for next year, you have to start planning now so that you can execute your goals in 2024. So they want to look at, OK, what impact did you actually make? And what were the steps that you actually took to gain following or gain traction or educate people, gain more sales, whatever your goals may be. So it's a little bit about planning and understanding how you can impact the community with whatever goal you have in mind. I love that. And when I hear all of that, you win all around. Because the more education and more knowledge, the more impact you make, the more patients that are going to come into your practice. And at the end of the day, it will increase your margins. So you win all around when it comes to these awards. Now, come here. You got to talk to me about your award. Kind of do the same thing. Walk me through the process. What did you win? And what was the process like for you as well? OK, so I won the Healthy Side Ambassador for 2022. And at first, what inspired me to submit was that, in fact, I wanted to share with others. So I wanted to give motivation also to my colleague that if we put some efforts in a product that we really believe in, we can find recognition. So I wanted them to be motivated to promote the product and to believe in the product also. So that was my first idea when I submit. And it was really easy. In fact, as Dr. Chin says, that we need to plan all the year long. So if I have a tip to give to someone who wants to submit, I would say to not hesitate to mention all the small actions that you have done during all the year. So what matters is to plan the seed about the product as much as you can and to remind the others to do the same. In short, all actions count. So you need to count all actions. Even if they seem to be small, if you plant a seed during the year, it's a good action to help to promote the product and to talk about it as well. I love it. So the million dollar question is, I mean, you both are winners, right? My question for you is, when you got this award, what frames were you wearing and what transition lens technology were you wearing? I want to know everything from the color, whether it's extractive, whether it was style, mirror, whatever it was. Let's break it down because you two ladies have too much swag, too much style, not to have this conversation. So Kamea, let's start with you, if you don't mind sharing what you were wearing that day. I guess you know. You already know which glasses I was wearing that day. So this is exactly the pink heart -shaped frame that I wear that day. And in fact, the frame is photochromic, so it's going to change color with the sun, under the sun. And same as my lenses, I wear the extractive gray polarized lenses inside. So this way, I wanted to emphasize the shape of my frame. And the color, the gray color is going to complement my frame this way. I love it. You know, the extractive is my personal favorite when it comes to transitions. I just always say this. I probably said this a million times on the podcast. I like the extractive because I have mild tint on the lens. It just makes your frame pop. I mean, right now, I'm wearing Transitions Extractive Brown, right? And it really complements that tortoise. And the mid -tint with the extractive is phenomenal. It has so much style, so much flair, so much flavor. I always get tons of comments. I was actually out in Vegas this past weekend, and I'm always wearing these and some of my other glasses. And folks are like, man, you didn't bring any sunglasses with you? It's hot out here. It's a lot of sun. And I was like, just wait. I walk outside, and they see that they're tinted, and they're just, their mind is blown, right? But with that being said, there's a lot of work for us to do. If my closest colleagues, my best friend, didn't realize that Transitions technology is advanced in this next level, I'm not doing my job. But how many of our other colleagues out there are not doing the same? We all got to step it up and be ambassadors for eye care, but also the amazing lens technology that's out there. Now, I got one more question for you. When you won that award, if you could say maybe one word to describe that feeling, what would that one word be? Fashionable. I love it. And you are, my friend, definitely fashionable. No doubt about that. Thank you. All right, Dr. Chen, you got to talk to me. What were you wearing? And talk to me about the lens technology as well. Yeah, so I was wearing this white dress, suit dress. And so I had a pair of white Aetna Barcelona frames that I have styled with the signature Gen 8 in emerald. So they have the green color tint when they activate in the sun. And I just chose it because it was a white frame and because it matched my dress. So I loved it. But I styled it with the emerald to begin with because I wanted a little pop of color. And it was my first pair of emerald. So I absolutely loved it. But yeah. I love it. I love it. Again, a fashionista. Question for you. What's your one word that would describe that feeling that you got when you received that award? Energetic, probably. OK, fashionable and energetic. I love it. Buy both of those and put it in a pair of eyewear. And you're going to be killing the scene for sure. That's no doubt about that. Rose, I'm going to ask you the same question. I know you weren't on the stage getting the award. But you were at the show. You were at the Academy, right? You were at the award ceremony. What were you wearing that day? Do you recall? And what style transitions you were wearing? Oh, Rose, let's unmute you there. Yes, so yeah. So for the award ceremony, I do try to plan what I'm going to wear that would also work for the party after and be ready for that. So I think that I was wearing the same pair that I am now, which is a Ray -Ban frame in the clear. And then I also have emerald in these. I love it when I go outside. And with a clear frame, it really highlights the lenses too. Yeah, absolutely. You know, one frame that I love and one color that I love, it was Dr. Chen. I believe you have this pink frame with a pink mirror. I will never forget that style combination. Every time you wear that, it just pops, right? Please tell me you wore that and you went to go see the Barbie movie. Because I know everyone's been going crazy over that. They get ripped out and pink and all that other jazz. Have you done that yet? If not, please make it happen. I will. I haven't done it yet. But soon, soon. Got to take pictures for us for sure. But no, this has been great. Rose, for those that want to prepare and maybe submit their name and take this journey and make an impact, like these lovely stars that we have on the show today, you know, what's the process look like? How do they make that happen, if you don't mind sharing that a little bit? Sure. And I did want to mention that, you know, of course, having, you know, working with transitions and having innovative ways that you present it to your patients is one thing that we like to see, you know, how are you using some of the tools that we have, maybe, or coming up with your own ways. But we also look at some of our company values, like quality, education. What are you doing to service your patients in the community? You know, basically, your patient care, too. So there's lots, you know, it's not just all about the Transitions product, per se. So these are people that are all doing great things all around. So the process is pretty simple. You go to transitions .com slash awards, transitionspro .com slash awards, and you go there and there's, we have examples, we have some stories about previous winners, we have templates that you can download of the application. And just it walks you through the process. And then watch for the announcement that we're open for submissions at the end of the year. So we'll be taking in Q4, we'll be taking, the beginning of Q4, we'll be taking the submissions for the winners for this year, for 2023, which will then be awarded at our academy in February next year in 2024. I love it. I love it. Well, ladies, if you could give one last piece of advice when it comes to, you know, just creating an impact in the eye care industry, especially through that -patient, doctor that optician -patient interaction, what advice would you give to all our colleagues out there? Because clearly, you two have made an impact, you've made a difference, and you've really helped patients live their best lives. So Dr. Jen, if you don't mind maybe sharing, what advice do you have to make an impact with that patient that's sitting in front of all of our colleagues day in and day out? Yeah, this is something I always think about and I tell people about all the time, when you're in healthcare, especially in eye care, you're an educator. So all you're doing is making a connection with the patient and giving them advice and recommendations and also educating them on ways that they can improve their lifestyle, improve their visual comfort, improve their health, their vision in so many different ways. So just remember that you have such an impact on somebody and you are an educator. They're coming to you because you're a specialist in your field and you know everything that you need to know that you can provide for them. So definitely providing the right information and being a resource for them. I love it, I love it. Camilla, your next up, my friend. For me, I will say maybe play with colors. So don't hesitate to think outside the box by presenting other type of combination of color, of frame and transition color, and also to lead the conversation with frame style during the frame selection. So you open the conversation at this point, they will know it exists and then you will see with the needs of the clients what kind of transition it will meet. And I don't know if everyone listening and watching has just made a connection of what just took place. You heard Rose discuss one of the core values of this organization is education. These two award winners have basically stated that they're all about education in order to make that impact. Whether it's telling the patient what's going on and connecting the right lens solution or connecting them with the right color lens solution and the right type of transitions. But that's in the DNA and transitions. Friends, colleagues, we have great opportunity at our fingertips to make an impact and a change every single day. Partnering with the right companies out there to help elevate your personal brand, your professional brand, but most importantly to make sure that your patients have the right tools and resources to be successful. Friends, I greatly appreciate y 'all hanging out with me today. This has been fantastic. I want everyone to go to transitionspro .com backslash awards and I want you to sign up. I want you to elevate your personal brand so you can elevate the eye care industry as well. Thank you again, ladies. I look forward to seeing you at the next Transitions Academy and hell, y 'all got me ready to go out and submit my name. I feel like I'm about to run a president election or something like that. So I might have to jump into the mix since it's gonna open up soon. But go to the website so you can read about it, the actual opportunity to click submit and all that or open up later on this year. But again, thank you so much for tuning in. It's your favorite optometrist, Dr. Darrell Glover. Stay healthy, stay positive, stay blessed, and most importantly, make an impact with innovative solutions like transitions. Until next time, peace. All right, colleagues, and it's a wrap. Thank you dearly for hanging out with the Defocus Media team. We hope truly something resonated with you. And if it did, be sure to give us five stars and make sure you follow us on all social media platforms, Facebook, Instagram, Twitter, LinkedIn, you named it. And our handle is at Defocus Media on all platforms. And until next time, be sure to keep it 2020 and we look forward to seeing you on the next episode.
A highlight from The beauty and magic of creativity and its metaphysical connection
"In this episode I speak to Rich Kilpatrick about creativity, curiosity and the importance of thinking differently. Rich shares his belief that creative thinking is what humans do when they are thriving. We look at the importance of embracing different thinking models and perspectives in order to unlock breakthroughs and create change. We're exploring the concept of multiple frames or realities in leadership, emphasising the need to consider various aspects such as HR structure, symbolism and politics. This conversation explores the beauty and magic of creativity and its metaphysical and actual. I create clear thinking and decisive leaders who can amplify their influence. Contact me to find out how I can help you or your organisation. And today our guest is Rich Kirkpatrick. How are you doing, Rich? I'm doing good, thank you. I'm glad you're on the show. Tell me now, what is your favourite piece of clothing? My favourite piece of clothing is a basic T -shirt. I always have very, very boring colours but it has to be black, grey or some kind of muted tone and that's my favourite thing to wear. You know what, that makes a lot of sense. A lot of creative types actually do not put the complication on things like clothes. That true. is A good friend of mine who is a music professor convinced me he only wears grey, black and denim and he's quite a gifted percussion professor and I said that helps a lot. That makes a lot of sense. So tell me more about you. Well, I spent most of my life as a musician. I went right from my high school to a trade school for musicians. Actually, uniquely it was a trade school for vocalist musicians. So in order to work as a vocalist, there's lots of singers, if you had the skills of what a typical musician might have, you could run the band and actually do that as well. So that was really a great education. So I began my journey as a jazz musician and ended up as a church musician and spent many years doing that. Raised a family, I have two adult children. My wife, she's a wonderful organisational leader, head of a school. I'm in my 50s. I've had lots of experiences with nonprofits being on executive teams. So I've been on both sides of the desk, been that creative person who's crazy driving someone, a leader crazy. I've been that person who's been driven crazy trying to think I should be more empathetic. But yeah, so I've and I pivoted this season in life to figure out what could I do now that would take all of that experience and make it useful to the people I really care about. And those are the folks who they're not the normal ones, but they're the ones I think who make a difference. And that's the kind of person I speak to. You know, I love it when people say not normal ones or weird. I just think that makes it so much more interesting, isn't it? Because why? Why would you want to be what's considered normal? Because what's considered normal is like conformity, isn't it? And who would want that? I think sometimes conformity is what we were brought up to do that. And as young children, we we all think we could draw and dance and sing and and the parents will love our scribbles and put them on the refrigerator or put them on the window. And but somewhere along the line, we're taught that, no, you have to do it this way only. And we forget that we know how to draw. Yeah, and it's very easy to crush that knowledge from us, isn't it? Actually, I just saw the Barbie movie and it's interesting because it's this whole thing about what happens to women in the real world. And it's kind of and it's like they talk about brainwashing, how the women get brainwashed by men, but but they are kind of complicit in the brainwashing. It's very interesting, actually. It was not what I was expecting. I'll have to see it. It sounds very interesting. It's we're I guess what they call divergent thinkers. I love that term because I am one.
A highlight from BCB121_JOE CARLASARE: Macro Insights & Legal Hurdles
"Prognostications what about Bitcoin is going to do, you know, just and again, I don't want to get into a models debate, all this stuff. I understand that all models are wrong and models have utility and all this jazz. But when your average normie at the firehouse, which is what you guys talk to, right, when you tell them Bitcoin is going to be 10 million dollars in today's purchasing power in four years. Like, I mean, these types of things, like I think they're ridiculous. I mean, you lose credibility. And by the way, you ultimately set yourself up or at least set those people up to be disappointed. This is the Blue Collar Bitcoin Podcast, a show where Average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance and we talk shit. Hello, and thank you for stopping by Strap In for an epic rip with Joe Carlessare. Joe likes to ruffle feathers. He is a lawyer by trade and completely at home with an argument that makes you uncomfortable. Honestly, that's what we love about him. He is not married to an idea. He is completely at ease, allowing the data to guide him. In this rip, we covered Joe's macro insights at length. The consensus view is that the recession is inbound. Joe makes a great case that this mystical recession could be further off than most people think. We cover some of the ongoing litigation with Coinbase and why it may not be nearly as in the bag as most plebs believe it is. Overall, you may not agree with Joe's takes, but you would be a fool not to listen to him intently. Throughout this discussion, we are reminded of just how many scammers proliferate in the crypto space. The only way that you can be sure that your Bitcoin is safely held by you and you alone is by cold storing with a cold card Mark 4. CoinKite has gone to great lengths to simplify a very complex idea and allow anyone who is worried about custodial risk to take matters into their own hands and actually own their Bitcoin. We highly recommend you get elbows deep in self custody. And when you set up a Mark 4, you will sleep like a baby knowing that you actually own your Bitcoin. Dan, I think the two of us have been more confused by no one else than Joe. Carlos, sorry, you confused the shit out of me, dude. I love you to tears. You're one of our favorite guests. We look forward to you. And I'm not just buttering your muffin unnecessarily here. We look forward to talking to you as much as anyone. Although Dan has a proclivity to butter muffins more than most. I'm a muffin butter. Yeah, I'm a talented muffin butter. But part of the reason we like talking to you is because you do confuse us. You're a bit of a contrarian. I confuse myself, by the way, for the record. Well, then, you know what? We're we're on the same page then. The other thing that's confusing about you, Joe, is your motor, dude, what spectating you. You're you're on Twitter spaces every goddamn time I log in. You're a lawyer by day. You are up to speed. It feels like on everything with markets. You're writing a novel. I mean, Josh, it has to be cocaine. I don't know what else cocaine. It's either cocaine or Joe is just way more adept at chat GPT than the most of us. Because is it actually lawyering for you at this point, Joe? It's the biggest my biggest advantage and also what I call a disadvantage is I sleep very little. I actually made it a goal to try to get more sleep. It's like one of the one New Year's resolution I'm doing terribly on. I'm doing great on everything else. But the sleep is awful. And my wife hates it because I'm like grinding away at something till two or three in the morning and waking her up when I go to bed. But other than that, like I've got a lot of things under control. Isn't that when the best idea happened, though? When you wake up at two o 'clock in the morning, you're like, wait a second, I should write this down. And then I fail to do it. And I wake up the next morning and I'm like, what was that great idea? It's like the great ideas you have when you're stillness and silence those down. And they're like, oh, that was stupid, guys. Honestly, the stillness and silence of late night hours are incredible. They're just incredible. I mean, I feel like today we're so accustomed to the bells and the dings and the guy calling you and you never get away from anything. And, you know, something's breaking. The suit is breaking. You can't have really deep thoughts even with yourself. So like I treasure those late night hours, even though they're terrible for me because I rarely get recommended hours of sleep. I mean, literally, I do my best thinking every night between midnight and one. I think it's an important point, though. Everybody, you need to carve out time to think and ponder beyond just finance, life in general. For me, I think my deepest thoughts, three spaces during workouts, which is also an inconvenient time. I'm in the middle of a freaking five mile run and I have a great thought and I'm like, fuck, my phone's back at home or it's in my, you know, that's number one. Number two, on walks in nature. And then three, my go to is fire pit out back at night, which is the same thing because I'm up till 11 or midnight. I shouldn't be, but looking up at the stars, the stillness of the evening is one of those areas where I really get profile, get cosmic. Ooh, Dan, I was a hundred percent sure you were going for taking a dump on number three. But wow, that's where Twitter happens. Yeah, that's where Twitter happens. Yeah. Do you run a lot? Is running an area? Are you like me, Joe, where you're in the middle of a run and you, something clicks? No, because running is when I really dig into audiobooks. So I have to, I have to double, double time that. So I'm, I'm almost always either listening to an audio book or a podcast when I'm running, which what are your, what are your audio books of choice? Do you do, is it fiction? Do you listen to, what do you listen to generally? I mean, I, I try to, I really think fiction's important. Um, not only because I have so much analytical, uh, material that I digest, right? Like I have to have a release in something about like, you know, the Stephen King book that just came out, fairytale, those sorts of things. I have to do that. How many books is that guy on? Oh, it's incredible. He's on like 55 books. I think the guy's like the most prolific author of all time. If you count all of his novellas, I think he's over 200. And by the way, he has another one coming out next month that I've already pre -ordered. It's called Holly. How the, it's gotta be amphetamines too, Josh. There's no other explanation. Cocaine. No, it's incredible how much you can achieve if you're always doing something right. And like, I, I constantly get, I'm actually trained myself, like at this point where I get very upset and nervous, like when I'm not doing something productive. Um, my wife says I can't relax. Like, she's like, you're always talking to somebody, you're always writing something, you're always reading something you need to relax. And she's right. Right. So that's like why I gravitate to those early morning hours, you know, uh, midnight to 2 AM. But, but honestly, like, I feel if you do it enough and you're constantly busy and like in my line of work, guys, I have to account for every 10th of a minute. Right. I bill. Right. So to me, I got so good at like getting my billable hours done so that I have additional time to devote to my other resources. It all spiraled into all these other areas where I'm like, now I just always am reading something, writing something, doing something, talking. It's, I'm not saying it's good, it's good way to live, but, uh, it definitely makes you productive. Talk to us about this novel you're writing. Oh yeah. I can't go too far into that, uh, you know, cause I'm, I'm, I'm, I'm going to save it, but it's a, so it's, uh, it's loosely inspired by some elements of Bitcoin in cases that I've had legal cases. It's a legal thriller. I am not the protagonist. I'm not cool enough to be the protagonist, but there's more of a, there's more of a traditional, uh, you know, a legal protagonist that is, uh, mixed and matched into some real sticky situation. And at the core of it is Bitcoin. Um, so I think people are going to read it. And my goal is this, like, my goal is that people, uh, enjoy a good story. Like a solid story with good character development. I mean, obviously there's a great character arc for the people that put in there, but beyond that, what I want people to take away from it is I want them to sort of understand some things about Bitcoin. You don't get through the popular culture, right? All you hear about is price, price, price, right? You don't hear about how Bitcoin is stored. You don't hear about how it's sent. You don't hire about private public key management, all these really intricate, intricate things that we geek out about in Bitcoin spaces and on Twitter about like, I want them to actually play a role in a narrative. Have you written another book or no, is this your first book? Uh, this will be, I mean, I'm saying even just for fun, not published. Have you tried other ideas? Yeah, I have tried other ideas. I mean, like I was writing short stories and stuff going back to grade school, but nothing that I'm proud of or this one, I will, I will get published. Right. I mean, that's the kind of intensity I'm approaching it with. Awesome. I'm excited about it. And I'm excited because I don't think there's any real, I was talking with American huddle about this. There's like no real good. I mean, even if you throw in crypto, there's no real good crypto movies, stories, fiction out there, right? There's nothing like there's that really. Hopefully somebody makes an SPF movie. Oh, I'm sure there will be. I mean, there's certainly something on that. I have a buddy actually, who's a, who's a screenwriter. He just wrote and directed a film. It's going to be out. It's called Pools. His name is Sam Hayes. He has been, he's one of my best friends, roomed with him in college. He, him and I have been talking for a couple of years about the idea of him writing a Bitcoin screenplay. And he is, he texted me about a month ago and then I saw him on a trip and he's seriously considering embarking on that project. So shout out to Sam. Hopefully that gets off the ground and we'll update if that's the case. Cause yeah, there's a real void of content in a space that could really use it. You have an immediate captive audience if you do it right and you do it thoroughly. And Bitcoin's money, right? So like how many interesting thriller ideas could you have where money is the goal, right? Heist movies, all these different things. Like with Bitcoin, I mean, I think it's just, it's a, it's kind of weird that it hasn't been more. Yeah, yeah, it really is. The guy who lost the laptop with like a hundred thousand Bitcoins on it. I mean, that's gotta be, I don't think his story has ended yet. He's probably still digging through that, that dumps, that dump site himself, but when he does end up, you know, offing himself afterwards, they'll be a good movie about it. Josh, I'm almost afraid to box in a wild animal like Carl Asare with a question off the top. Should we just, let's just throw it to you, Joe, what, what, what's on your mind today? How do you want to start this conversation? And then we'll, we'll go from there. So I think you have to start the conversation with what's going on in the economy. So I mean, as much as I'm passionate about Bitcoin, right? I love Bitcoin, but I always have to step back and say, okay, here's where Bitcoin fits into the broader macro picture. Right. And that's important because my belief in Bitcoin is continually confirmed by the mess that's going on in the macro picture. I have very different views, as you know, about than many of the macro Bitcoin people, which is fine. We have great spirited debates, but like the notion now that we're sitting here in 2023 and you're sitting with rates, you know, bearing down on 6 % or within an earshot of 6 % in the Fed funds rate. And you just saw a massive jump in tax receipts today. I mean, then you saw some economic data for the last couple of weeks that is continuing to be strong and robust. I think it would completely confound people. Like if we were on this podcast last year when we were talking with Greg or whatever, and I were to tell you, nope, the economy will be cruising along. We'll still have secular lows and unemployment. We'll still have a real estate market that is frozen. But obviously, prices are crazy. You'll have stock market with the stock market will be within 5 % of the all time high. And by the way, you'll have Jerome Powell saying that he's not going to cut rates for two years. I mean, just it would be awesome to go back in time. Right. Because, like, I remember being in these spaces and really smart people like, you know, I remember vividly talking with Lynn Alden and she was asked a question. Do you think the Fed can raise rates? And her response was, no, not for any significant period of time. Well, they're over a year now. Right. And if they hold them there, as they say, for another two years, does that qualify as a significant period of time? And you have to wonder why. And we can, you know, as detectives, right, like when you're analyzing this data, you shouldn't get tied into these narratives or tropes about here's how this works or here's how this. And every time the Fed raises, things blow up. You have to really approach it like a detective. You can have a hypothesis. You could have a theory or prime suspect, but you got to finally dig under the hood and figure out what's going on. And I think that I'm continually trying to get closer and closer to what's really going on. That's what I want to talk with you guys about on this program. So do I have the ability here to like share charts? Is that like something that? Yeah, you can, but we we've had issues with that in the past. But I mean, I say send it and we'll try to sort it out. Do you see the share button down there? Yeah. OK, yeah. Go for it. Just for this one, if it doesn't work, it doesn't work. Right. OK, let's see. While pulling you're that up, I mean, I continue to go back to just the age old adage, more money is lost preparing for bear markets than actually in them. Oh, yeah, I mean. And there's a ton of truth to that over the last couple of years. It's like, but no, just wait. And the timeline keeps moving out. So, oh, it's going to be next quarter. No, it's going to be next quarter. No, it's going to be next quarter, assuredly. Well, it's still not coming. I've sat through major bear market drawdowns, right? I've sat through huge, terrible gut wrenching movements downward in Bitcoin. And at the same time, I focus a lot on the macro data. And people ask me all the time, well, why are you spending all this time on the macro data if you're not going to sell Bitcoin, if you're not going to try to trade the market, if you're not going to time it? And the reason is it's not because I'm trying to look for a trading edge, right? I do do some limited trading here on certain macro assets, but that's more of like for fun. You know, that's like 5 % of my portfolio. The vast majority of my stuff, both stocks and Bitcoin is long term hold positions. The reason I focus all on the macro information is because I want to know how close we are on the progression towards a movement, towards Bitcoin. It isn't because I'm trying to time and double my stack or things like that. It's because I want to figure out like, OK, is this really significant? You know, remember we were talking about the banking crisis back in March, right? I was looking at it objectively. And, you know, while it appeared scary at the time, right, I think like there was plenty of evidence to suggest it was a tempest in a teapot. It wasn't necessarily going to spill over and move to the Bellagio route of, you know, collapsing the entire banking system. There's just you didn't see those issues systemic throughout the entire banking system. But anyway. Hey, Joe, before this chart, I want to just ask you a simple question. Warren Buffett has said over and over again, he doesn't worry about macro. He worries about, you know, the specific companies, the moat that they're creating. And that's why he his basic thesis is that macro is just so difficult and so hard to wrap your arms around. It's so complex and nobody ever really gets it right. And the more I kind of watch the from my perspective, I tend to think as much as the sacrilege to agree with Buffett in Bitcoin, he seems to be right largely about macro. It's just so difficult to general. It's almost like weather predicting a year out. There's so many variables in that. How do you, what's your approach to that? When when Warren Buffett says he's not focused on macro, he's not buying companies and trading companies based on macro. OK, that's a big difference. And people get really confused. And this is one thing I rail against. Like when you got the people that are on these spaces talking about the end of the world and the collapse of Western civilization. Because people hear that and implicitly they think, I need to sell stocks. I need to sell my portfolio. I need to sell my house. I need to be in gold, in a bunker with a gun and whiskey. And that's my only chance. Like to me, don't forget cigarettes. Right. And cigarettes. So to me, like that kind of narrative, I think is is very it hurts a lot of people. It really does because it dissuades them from buying Bitcoin at much cheaper levels. It dissuaded them from buying last fall because people were talking about the end of the world. It people, encourages I think, to think in a short sighted manner when at the end of the day, even if things get bad from here, there's going to be something on the other end. And you should be positioned for that. And you shouldn't try to time it. But for well, it's also like it's also a fatalistic, nihilistic approach. More broadly, like you should not be rooting against the major societal organization strategies. We don't want global poverty. We don't want rampant suffering. I mean, this is said in Bitcoin all the time, but it should be reiterated. I mean, you don't want to wish for the implosion of global financial markets. And anyone that does, I don't think understands how big of a deal that would be and how painful and sad that would be for humanity. Correct. I mean, in the thing that kind of makes me sets me off, if there's one thing is that I have members of my family, I've talked about this before, like, you know, they were convinced by the gold bugs. And now they're living in, you know, a much more impoverished retirement because they put all their money in gold and were afraid of the stock market. They've been hearing about like how sound money is going to take over everything and fiat will collapse for 30, 40 years. So to me, like, you know, those kind of messages, we really have to temper as Bitcoiners. But the one thing I'll just say is that macro is really important. You shouldn't discount it for understanding the world we're living in. Things like demographic trends, things like where, you know, how populations are moving, the over indebtedness and pressure that's going to put in certain markets moving forward. But macro cannot be utilized for trading in the short run. And it's very simple reason why, because markets are dynamic systems. They're not linear. It's not as simple as Fed raises interest rates, markets crash. It's not that simple. If that were true, then every single person could just follow a very simple rubric and make a lot of money in markets. But as you can see in certain dynamics, when people think the boat's all going to go one way, it actually flips the other way because how people get position moves. It's a dynamic system. It's not one that's perfectly linear and responsive to variables on the macro front. One more thing, Joe, we'll get to your chart, I promise. What you just said, I could imagine somebody sitting here. Let's say this is the first podcast they're listening to that has to do with Bitcoin. Maybe they were interested in gold and they see these two things as very similar assets. So they hear you saying or denigrating gold as like that was a bad idea 10 years ago. But Bitcoin is somehow a better idea, even though these two assets are viewed very similarly. So how would you explain that to that person thinking like, why is Bitcoin the better idea at this point than gold was 10 years ago? And how can you be so sure of that? Very sure of it and very confident of it because Bitcoin is far more than the asset itself. Bitcoin is a network. It's a monetary network that will eventually supplant to the entire global financial system. And gold is not. Gold is a rock. Gold is an element on the periodic table. Gold is something that fails in the network that we need for 21st century commerce over the Internet. And for people to reduce and denigrate Bitcoin to digital gold, to me, Josh, that's offensive. Like I think like, OK, when I hear digital gold, that's what Bitcoin, I'm like, I want to sell my Bitcoin because there's people that do not understand what Bitcoin is. It is not a shiny yellow rock. That's not what it is. I it's think a very useful tool to help people, to introduce people to it, to help them understand what, at least at a very limited level, this is. I think that's a good introduction for people. And all I'm saying is I'm certainly not making that argument. I'm simply bringing that up to say if somebody is listening to this and they had that idea that gold was great and they maybe don't think so 12 years later and now they're hearing about Bitcoin, it sounds like a parallel idea in a lot of ways to a lot of people. That's the only reason I brought that up, because I think that can cause some confusion. I mean, I don't understand how a generation that grew up seeing the promise and innovation of the Internet would not just use the Internet. I mean, literally Andreas and Antonopoulos did the work for Bitcoiners, the Internet of money, like, what, is it seven years ago, six years ago? Got it behind me. That's like, that's literally what did it for me. So you're telling me, Josh, that talking to a regular person, talking to a regular person, you're going to say, hey, I know you don't own any of the shiny yellow rock, but you should buy it because it's now going to work in a digital era instead of saying this is the Internet for things of value. This is how we're going to communicate value among people. You don't think that that's more persuasive to the regular people, that this is how we will communicate and share our experience and share our time, show what is valuable in society. And by the way, I firmly believe it's not going to be solely about money. I think Bitcoin's network, Bitcoin's global network will serve other purposes that we haven't yet scratched the surface of. So to me, it's a minimalistic, overly simplistic parallel. I totally agree. But I'm just saying I think that to a lot of the uninitiated who don't understand network effects, who don't understand a whole lot of the terms you may be using there, there's a lot of people that still don't get that stuff. So I think that as an introduction. You've got to find a hook somewhere. You've got to find a hook somewhere and. What was the hook for the Internet? Go on chat rooms. I mean, nobody figured that out for 20 years. It took like it was like five years ago when people were really thinking that out. At least the general public. It's going to take 20 years for Bitcoin. It's going to take 30 years. I mean, it's even more complex. What he's saying is that calling Bitcoin digital gold is objectifying Bitcoin. There's so much more to it. It's like me saying your wife is hot and nothing else, Josh. And you're sitting there going, no, she's got so much to offer on the inside. She's such a great mother. And I go, no, she's just hot. That's what we do when we call Bitcoin digital gold. There's so much more depth there. I just like objectifying Bitcoin. What if I walked up to you and I said, oh, this is like the Internet's like a message board. That's what it is. It's a message board. I'm like, is that going to, what do I need that? And what's the point of that? I call people on the telephone. That's how I communicate with them. I give them a ring. I mean, I mean, it's such a reductionist way of talking about something that's profound. And I don't want to make it overly simplistic. I'm going to explain how this thing is going to change the world. And for you to understand how it's changing the world, you have to put in a little effort. I can't just say it's a yellow rock. And much the same. Okay. So back to your fair point about the Internet. What was the hook for the Internet? We really had nothing to latch onto. There was really no handle. The thing was just so useful and so effective. Is it the Today Show, the one where he's like, what's that at sign? What is an Internet? You know, explain to me. I think it was. Is it Katie Keurig and Kirk? I mean, that's kind of the same discussions we have about Bitcoin. And I'm sure you guys have had firehouse discussions about this. Like, explain to me what this is. Why don't we, well, you got to put in a little work. It's a little complicated, guys. I mean, I can tell you certain elements of it. But, you know, today I learned something new about Bitcoin I've never learned before, right? Like, and I mean, I've been involved in Bitcoin for years now. And that's just how it is. I mean, it's just the, you got to start from that premise. Okay, sorry, we got way off and I apologize. So, we started with the idea, so just to reset, we started, guys, with the idea of like, why isn't the economy responding? Why do you have these markets floating towards all time highs? And I don't know if you can see this, but I think this is a great illustration. So, what you can see here in the red line, and it's really stunning here. This is US non -financial corporate net interest costs, okay? Net interest costs. So, let's break down what that means. So, you're taking out financials, you're using corporate net interest costs, meaning the amount they have to pay to finance their debts, right? The amount they've taken out. So, let's just figure this out. What has happened in the past when the Fed, by the way, this black line, you see, this for the folks that are listening, I guess not, can't see the graphic. There's a black line on the bottom that says the Fed funds rate, and then there's the corporate net interest cost. And what you've seen during prior hiking cycles, I don't know if you can see my cursor here, but in, for example, you're looking at prior hiking cycles leading up to 2006, for example, is that when the Fed started to hike, you saw the corporate net interest cost, meaning the cost of holding that debt start to skyrocket. So, what does that do? What does that do? From a practical standpoint, guys, what this means is that corporations that took out money are responding very quickly, when they took out loans, responding really quickly to raises in interest rates. And you see this through several past cycles going back to, you know, the 90s, actually, you know, even into the 80s. And what you're seeing, why this time is actually different, is you see this rapid rise in the Fed funds rate here at the end, but you see net interest costs start to go down. So, why is that? The answer is because companies, which everybody is well, you know, they're constantly parroting, there's so much corporate debt, there's so much consumer debt, there's so much debt all over the place. Well, yes, that is true. However, many of those debts were taken out at very low interest rates. Companies were filled to the gills with cheap money in 2020, 2021, when the rates were near zero, and they were like, you know, an all -you -can -eat buffet, effectively. They took out as much as they can. And that's consumers too, right? You're talking about almost 70 % of all mortgages in existence right now are under 4%. So, the Fed can hike to 20%. But in the short run, when companies, until companies have to roll this paper and have to actually extend out the maturities, they're not affected. Their bottom lines aren't affected. Again, this is net interest costs. So, this directly eats into their bottom line. This is what's going to trigger unemployment to rise, all these issues that we talk about. But the problem that many macro analysts, and I don't pretend to be a macro analyst, but I'll just tell you from my perspective, I think many folks missed this, myself included, last year. How much cheap debt had been taken out at very low interest rates when the Fed was beginning this hiking cycle. And they equated it to prior hiking cycles, where even, you see even this little run -up right here, where you see very instantly corporates respond very quickly whenever there's a hike. So, this is the story right here. And by the way, this is not just a story in the corporate. I mean, I'll stop sharing this just so we can talk more. But this is not just about corporate. I'm going to pull up just the fiscal side here while you keep talking. This is not just corporates, right? This is also individuals. Unlike, you know, you guys remember the, I'm sure you've seen the big short, right? Everybody's seen the big short. Do you remember how many people took out adjustable rate mortgages, right? A lot of those consumers and investors and folks that were speculating in real estate, they learned their lesson. They actually put out a lot more, a lot fewer arms into the space right now. They got fixed low rates, 2%, right? And by the way, now that those rates are 2%, not only are they more profitable, but because inflation is the big boogeyman, they have a very easy justification to go to all their tenants on their speculative real estate properties and say, we're going to raise your rent. And then all those employees have a very easy basis to go to their employer and say, hey, I need more money because inflation is running at 8 % or 9%. And you don't have something systemically breaking among the American consumer. Now, where do you have pressure? You have pressure in the banking system, right? Because the banks who have to hold this paper, they're the ones who ultimately have to somehow deal with the fact that their paper that was worth 50 % more is now declined rapidly in value on a market to market basis because of the rapid hike in interest rates. However, what the Fed has said is like, look, we're going to keep a general policy with respect to interest rates. We're going to say we're going to pedal to the metal. No cuts for two years, what Powell just said. At the same time, the weakest players in the system who are holding money good treasuries, we are going to support them where necessary through surgical approaches like the BTFP. And by the way, just to conclude here, this is exactly what the Fed governors were saying last fall. If people were going to listen to it, there's a famous quote that I've posted about a billion times on Twitter where, you know, I think it's Christopher Waller says, look, there's this notion now that financial stability concerns will cause us to not want to hike further. And we disagree. We think there are specific targeted programs that can deal with any issues of financial stability and we can still keep pedal to the metal with respect to interest rates.
Marlins rally in ninth, stun Braves 5-4 to avoid sweep
"The Marlins put together a 5 run 9th to beat the braves 5 four. Garrett Cooper was in a 6 for 39 slump before supplying a two run double that capped the rally. Yuli gurriel ever sailed Garcia and jazz Chisholm had run scoring singles to chase closer AJ minter before Cooper delivered against Jesse Chavez. Before the rally, Kyle Wright combined with four relievers on a 5 hit shutout. The braves scored all of their runs in the 5th despite getting only two balls out of the infield. Atlanta managed just 5 hits overall. I'm Dave ferry.
CVS Issues New Employee Requirements With ‘Gender Transition’ Guide
"CBS. Says that they're releasing a gender transition guide. They say employees must come. We're coming for a yard trick. Oh my word. Part of they use jazz hands. They've got to. Anyway, CBS says that employees have to use print preferred pronouns. And they can also use the bathroom, reflecting their identity. The guidelines obtained exclusively by Fox business. Employees are told they may be entitled to a medical leave of absence. Under the family and medical leave act if they want to chop off their private parts. Transitioning employees are also asked to tell their immediate leaders about their transition so the company can provide support and to make your transition as smooth as possible. I wonder just wonder and I'm just throwing this out there because they've got so many cases of Bud Light that people just aren't going to buy anymore. And why is that? Because that is the beverage of choice. That is, that is the gender fluid, if you will. Of choice. Maybe they could give a case to your transitioning workers. The guide says you may also wish to have appropriate medical care to support your transition, including treatments such as hormone replacement therapy and or gender confirmation surgery. Does anybody stop to think men? This is a whole lot of work, right? I mean, if in fact, this is all natural, then why isn't it why isn't it happening naturally? Why do you have to intervene with medical with medicines and medical procedures?
Lakers hold off Jazz 128-117, earn play-in date with Wolves
"LeBron James made 8 three pointers and scored 36 points in the Lakers win over the jazz D'angelo Russell added 17 points and Anthony Davis had 16 the Lakers finish as the 7th seed in the Western Conference and a spot in the play in tournament where they will host the Timberwolves on Tuesday, while the jazz missed the playoffs for the first time in 7 years.
Agbaji scores 28, rallies Jazz past Nuggets 118-114
"Ochai abaji scores a career high 28 points to push the jazz past the nuggets one 18 one 14, sitting 7 members of their regular rotation, including their entire starting lineup, the jazz already eliminated from playoff contention, managed to build a 19 point first half lead squander it and then overcome a 9 point fourth quarter deficit closing the game on a 25 8 run head coach will hardy. I'm really proud of the guys and can't stress enough how hard it is to maintain the focus when everybody's telling you that these games don't matter. Nikola Jokić scored just 6 points and only 5 shots for a nuggets team that clenched the top seat in the west on Wednesday. I'm Denny Capp.
The latest in sports
"AP sports, I'm Bruce Morton. Iowa sent shockwaves through the women's college basketball world. It held off previously unbeaten defending champs, South Carolina, 77, 73. AP national player of the year Caitlin Clark led the way for the hawkeyes with a semifinal record 41 points and said this game wasn't just a win. It was a showcase for her sport. I'm sure so many people wish this was a series of 7 games. That would be really, really fun. And I think we continued the series. It might go one way or the other every single time. The game Crocs aliyah Boston said this wasn't the way they wanted to finish, but they still had a season to remember. Just winning. 36 games. I feel like that's unbelievable. Sunday, the hawks will meet LSU, which took over in the fourth quarter and a 79 72 win over Virginia tech. Alexis Morris was game high with 27 points for a Bayou Bengal team that made it to the championship game for the first time in program history. Maybe the standing champions at the end maybe I can just let go and just be like, ha. Next up, the men's final four on Saturday with Florida Atlantic facing San Diego state followed by Miami versus Yukon. Pro basketball, the Celtics continued their push for the top seat in the east by besting shorthanded Utah one 22 one 14. Jason Tatum came through with a game high 39 points. Each game presents a different challenge. And so whatever we went through today was probably not going to be as hard as what the players are going to be like. Other NBA winners included the Knicks, grizzlies and sons. Baseball Jorge solar and jazz Chisholm each Homer to give Miami a two one decision over the mets. Dave ferry has details. So Lara put Miami ahead in the second inning in Chisholm provided insurance in the 8th. Jesus luzardo combined with three relievers on a four hitter with lizardo yielding two hits over 5 and two thirds. The Astros came from behind to beat the White Sox 6 three, and the rockies won at San Diego four to one. First Martin AP sports
Tatum's 39 lifts Celtics over short-handed Jazz 122-114
"The Celtics gained ground in the Eastern Conference race with a one 22 one 14 downing of the jazz. Jason Tatum delivered 39 points and 11 assists as Boston pulled within a game and a half of the conference leading bucks. Tatum nailed 5 of the Celtic 17 three pointers. Anytime I had an ounce of opportunity it was either, you know, shoot a driver to kick it. Malcolm Brockton chipped in 19 points, and Derek white had its 17 in the win. The selz pulled away by outscoring Utah, 66 49 over the second and third quarters. Taylor Horton Tucker had 28 points and 8 assists for the jazz. I'm Dave ferry.
Schumaker gets 1st win, Marlins top Mets 2-1 behind Chisholm
"Homers by Jorge soler and jazz Chisholm carried the Marlins to a two one win over the mets. So Lara put Miami ahead in the second inning in Chisholm provided insurance in the 8th. Jesus luzardo combined with three relievers on a four hitter with luzardo yielding two hits over 5 and two thirds. Let's first baseman Pete Alonso homeward, but only after lozardo left the game. You got us to chase and then when he needed to get a quick contact out, he was able to do so. I mean, he had everything working as tough not to hit. Garrett Cooper had three hits for the Marlins who reached Metz starter and loser David Peterson for 8 hits over 5 innings. I'm Dave ferry.
The FBI Had More People in the Proud Boys Than the Proud Boys
"Jazz Shah I'm sure he didn't change his name The new House oversight committee investigating the political weaponization of the Justice Department They want to bring on some additional staff Start putting in some overtime Every new story that comes out about the FBI's actions in recent years makes the bureau look worse and worse The latest story posted by our colleagues at PJ media involves the ongoing seditious conspiracy quote unquote Charge is being brought against the leaders and members of the Proud Boys The trial of chapter leader Zach real It's rel was preparing to call a witness this week but ran into a problem Their witness quote unquote turned out to be a confidential informant for the FBI Who have been spying on the defense team I tell you this Stassi stuff is unbelievable I brought the trial to a screeching halt until these issues have been considered in resolved unquote That's putting it mildly to say the least Critics of harsh prosecutions in the January 6th debacle continue to be vindicated They write Those who have said the whole thing was a setup keep getting proved right by our own Department of Justice they say According to lawyers for Zachary reel a Proud Boys chapter leader charged with seditious conspiracy the government failed to disclose that one of the witnesses scheduled to testify was actually a confidential informant for the FBI
"jazz" Discussed on Smooth Jazz Weekend Radio Show
"Jas weekend show with tina. Played only the best Saxophone is oddly breed also known as read with the so they say he said oddly read dot com. He was joined by Randy scott featuring cindy bradley with a very sexy track called daydreams and of course coming out the gate and set to this hour was phil brooks when melody's in the rain continuing to of this hour coming up is gary houston would take off. He's on facebook at g. Has productions while you there. Go ahead. And like i said smooth jazz weekend and follow us on twitter at smoke jazz. We.
"jazz" Discussed on Smooth Jazz Weekend Radio Show
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"jazz" Discussed on Smooth Jazz Weekend Radio Show
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"jazz" Discussed on Smooth Jazz Weekend Radio Show
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"jazz" Discussed on Smooth Jazz Weekend Radio Show
"Brad zender. Music dot com. So let's get busy Paul uh-huh on Burn a a Contemporary jazz guitarist. Richard smith featuring richard elliot with so cheer. You can check him out. At richard smith guitar dot com. That's very interesting title track. Also joining him at the top of set. One of this hour was kevin jackson. Featuring nathan mitchell with my kinda going.
"jazz" Discussed on Smooth Jazz Weekend Radio Show
"Saxophonist chris gobber and you're listening to the smooth jazz. We only the best Saxophonist chris godber with west coast. Only check him out at chris. Godber dot com. We've made it to the end of another fabulous. Our thanks for hanging out with me. And i generally don't play all vocal tracks but this track was sent to me and i absolutely fell in love with it closing out the show today. This disdain sergeant with falling. It's been an honor and pleasure seniors weekend i e to try to get next to keep in this about the as two. I'm.
"jazz" Discussed on Smooth Jazz Weekend Radio Show
"Saxophone is alex debased to second with sweet talk. Also joining him was guitarist. Michael walker with your love is speaking of love. Thank you for lebanon's enough to make us the number one smooth jazz weekend show thanks for listening streaming sharing and downloading. You can listen anytime anywhere on demand. Coming out is spring neo. Smooth and relaxing is.
"jazz" Discussed on Smooth Jazz Weekend Radio Show
"We are going to finesse our way through this weekend with joel. Derosario simpson on silk. Judas and lebron is coming up and said to. that's on the way listening to jazz more. Only the pass is jazz weekend. The station with be best music best music best music. This stretch time to also practice goodsell. It's auto feel overwhelmed. Inches aflaid berries. Hope is connect your friends stay touch me shia community and know that you are not allowed. uh-huh It's weekend show. It'd be A Turn over Talk pro british keyboard producer and composer ali silk without to launch. Go ahead check him out. At ali dot com. And of course he was doing jazz pianist. Brian simpson would waiting and he put his entire foot into that trek. I absolutely love it. Check him up could be simpson. Music dot com and joel del. Rosario is j. Dr jazz dot com. When we come back we got billboard chart and saxophone. Judy silly jazz weekend hellos new jazz weekend listeners. We would like to send out eight sincere. Thanks to all who support and listen to the smooth jazz weekend. You have been a big part of our growth for that we say without you there would be no us. Keep listening to your family and friends to come role with the power of us again. Thank you from the family. The smooth jazz weekend best this weekend. A a uh-huh Sax man brandon with the late hour also joining with judah silly with fresh vaulted. These guys are on facebook at judy music. And at the broad. Dennis twenty four seven around the world of saying that nonstop..
"jazz" Discussed on Smooth Jazz Weekend Radio Show
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"jazz" Discussed on Smooth Jazz Weekend Radio Show
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