10 Burst results for "Peter Winch"

"peter winch" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:35 min | 2 months ago

"peter winch" Discussed on Bloomberg Radio New York

"Listeners. If a stock has doubled or even tripled, you have not missed it. And I don't want to give all my secrets. But if a stock has doubled or tripled, you have not missed it. You have to say you don't have the mental white out The Peter when Troy talks about for the past And say what is going to happen in the future? Because let's step back Bill Gates. Michael Dell. They didn't sell after the first double. They didn't sell after the first triple. So yes, I do think it's an excellent idea to say. I would like to own this stock for the next decade or two decades. Because I understand you know the niche that the company is fulfilling. I think they're in a big market. I think the management team is going to continue to innovate and continue to grow. Make rational. Decisions about Expanding. And developing new products, and they understand their customer. They wanted delight their customer, blah, blah, blah. So The reality is Barry that I was influenced by Warren Buffett. I was with Warren and 2012. He invited Fidelity to do an MBA day in Omaha. And you know, we're all I was given a chance to ask him a question. I said Warren, a managing $100 billion. What advice would you give me? And he said, when you have a good idea that big And if you look back and You know we were influenced. Joel and I were influenced by Peter Winch. You have like 1000 stocks and On Magellan and Joel still runs with a huge number of stocks and low priced stock funds. You know he's an exceptional intellect and can handle that. But the number of stocks and counter fund fell. I literally looked at. I think I might have had 500 or 600 stocks at the time, and I just said Let's look at the bottom 300 say upper out And I looked at the top 50. And Peter always talked about this. You know, the best stocks are probably stocks you already own. You need to bet bigger. So I was more concentrated, You know, But you mentioned earlier. What? You know what's really happening right now. Technology has been a massive tidal wave the Internet on software, great mark and reason, you know, said it bad software is eating the world. It's more efficient that makes less mistakes. It's enabling. You know people all over the world to connect with each other. And so some of those those kind of sort of the short answer is the software industry. Is growing rapidly. It's highly profitable and the many parts of the tech industry are not capital intensive. The great Apple. You know, Steve Jobs is a genius to convince hon Hai Foxconn to make the phones for him so he earns a high margin. And he doesn't have to spend a lot of money building factories. But, you know, you think about what you know Amazon has done generating a lot of free cash flow apples, generating a huge amount of free cash flow. Facebook is generating a huge amount of free cash flow. Microsoft Is generating a huge amount of free cash flow. Technology. The tech industry is knowledge base to tire margin. And for the moment, you know, it's still growing because of the global industry. Those air three of your biggest holdings. You just ran through their Facebook and Microsoft. So someone I mentioned to a friend. I was interviewing you. Yeah, and I said, if you're going to ask, and he's a tech Geek on runs a tech focus hedge fund. I said If you're gonna ask well down off a question about technology, what would it be? And he surprised me with why the S and P 500 as a benchmark, Aren't you really more of a NASDAQ? 100 guy. And I thought that was kind of an interesting observation response. Yeah, There's a lot of truth to that. I am much more of a growth investor. I am in my opinion, a Capital Appreciation fund with a growth bias. So I do have a go anywhere, a large grow anywhere component, and it's just the technology has been such a powerful title wave that I've probably stayed in technology. Longer and bigger than you know, I would have expected Benchmarks are important. And fidelity for legal reasons does not want to change the benchmark It's actually sort of time consuming in cumbersome to change Benchmark. It probably man s and P 500 is hard enough to be as is Yeah, you know, I mean, there are some of my Larger, more institutional investors. Who do look you know the Russell 1000 growth, you know, versus Contra. They're not as frantically. The performance has not been as good and I don't know. If my bench was the Russell 1000 growth If I would be even bigger in some of these names, thanks will for being so generous with your time that was Will Dan off? He runs Fidelity's Contra funds. If you enjoy this conversation will be sure and check out any of the previous 300 or so we've had over the past six years. You can find that at iTunes Spotify overcast stitcher wherever your finer Podcasts or sold..

Warren Buffett Peter Winch Facebook Steve Jobs Joel Bill Gates Microsoft Michael Dell Magellan Omaha Apple Barry hon Hai Foxconn Fidelity Amazon
"peter winch" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:01 min | 2 months ago

"peter winch" Discussed on Bloomberg Radio New York

"How long do you stay with them? And how can you tell when something is just a temporary wobble or um, or significant threat to the business model? We're always learning. We're always trying to improve and I've made so many mistakes over the years, but I'd say maybe in the last 15 years, I realize that Lowering my turnover. Would change my process to think longer term and therefore sort of raise the bar of The companies that I was buying to say, Hey, if you think about it, Barry, if I am going to own this stock for the next 10 years, it better be a really high quality company. And I better have a high degree of conviction that the company is going to be bigger and better in the next five years, So maybe I want to do another couple of months of research to make sure I really understand. Cos competitive advantages. I really know the management team and the entire you know culture of the company and why they're going to do so well and better understand their product roadmap in the innovation and the competitive set, so That helped me a lot. And so you know, I've tried to stay in companies and not be faked out and sort of Again. What is sort of market noise, you know, worried about some tweets or, you know I'm concerned about inflation, or you know the dollar moving this way or that way, which is sort of irrelevant in most cases to the strength and long term profitability of the company. I would say, and I'd urge your listeners and I urge you to think about this idea of when in doubt. Check the fundamentals One and down. Listen to the latest quarterly webcast. When in doubt, look as The latest presentation to investors. When in doubt, you know if you were, if you can call the company so that we can truly intriguing and I have to ask you most people go out there by 1000 shares of stock, they can jump all in or all out very easily. You're obviously swinging around a lot more weight. How do you enter any given stock? Is it a position that you put a tone on build over time? Do you have a specific strategy? I know some people like Tio. Add two what's working and subtract what's not. How do you own an Amazon or a Home Depot? Is it Is it a slow, gradual process or what's the method behind that? Yeah, I mentioned earlier. Barry. We all would love to have A huge amount of conviction. You know what I think about some of the great investors? I know. You know. The Bill Miller's Henry Yellen Bogans. You know, I think they have Mork conviction than I do where they get it earlier. I'm trying to improve and you know, often It can be a meeting where you just, you know, meet Someone who's running an important division or a smaller division and you're like, Wow, I was out. Uh, tape Ao and I met someone there who I thought was really exceptional and Again when you convince it with the management team and get beyond you know the CFO or the treasure or even the CEO and meet some of the people who were in the field. You truly know the product set when the competitive set you say, Wow. You know, this makes sense to me. So anyway, whatever it takes to get conviction, and you know, I've told the analysts if you don't understand something, tell the management you want to fly out to headquarters and, you know, spend more time. It's OK, you know? No one liked hope. Sometimes I'm spending a lot of time when I'm talking to management. They're like, Well, why don't you guys own more stock and I've gotta say, you know, I made a mistake, but You know, one of the great lessons over 30 years, Barry, and this is important for all your listeners. If a stock has doubled or even tripled, you have not missed it. And I don't like to give all my secrets, but If a stock has doubled or tripled, you have not missed it. You have to say, you know, have the mental white out The Peter when Troy talks about for the past and say what is going to happen in the future? Because let's step back Bill Gates. Michael Dell. They didn't sell after the first double. They didn't sell after the first triple. So yes, I do think it's an excellent idea to say. I would like to own this stock for the next decade or two decades. Because I understand you know the niche that the company is fulfilling. I think they're in a big market. I think the management team is going to continue to innovate and continue to grow. Make rational. Decisions about Expanding. And developing new products, and they understand their customer. They wanted delight their customer, blah, blah, blah. So The reality is Barry that I was influenced by Warren Buffett. I was with Warren and 2012. He invited Fidelity to do an MBA day in Omaha. And you know, we're all I was given a chance to ask him a question. I said Warren, a managing $100 billion. What advice would you give me? And he said, when you have a good idea that big And if you look back and You know we were influenced. Joel and I were influenced by Peter Winch You had like 1000 stocks and And Magellan and Joel still runs with a huge number of stocks and low priced stock funds. You know, he's he's an exceptional intellect and can handle that, but The number of stocks encounter fund fell. I literally looked at it. I think I might have had 500 or 600 stocks at the time, and I just said, Let's look at the bottom 300 say upper out And I looked at the top 50. And Peter always talked about this. You know, the best stocks are probably stocks you already own. You need to bet bigger. So I was more concentrated, You know, But you mentioned earlier. What? You know what's really happening right now. Technology has been a massive tidal wave the Internet on DH software, great mark and reason, you know, said it best software is eating the world. It's more efficient that makes less mistakes. It's enabling. You know people all over the world to connect with each other. And so some of those those confidence the sort of the short answer is the software industry. Is growing rapidly. It's highly profitable.

Barry Warren Buffett Peter Winch Amazon Bill Gates Joel Michael Dell Bill Miller Omaha CFO CEO Fidelity Henry Yellen Bogans
"peter winch" Discussed on Masters in Business

Masters in Business

07:39 min | 2 months ago

"peter winch" Discussed on Masters in Business

"A starbucks how long do you stay with them and how can you tell when something is just a temporary wobble or more significant threat to the business model? That's a great question. Barry and again we're always learning we're always trying to improve and I've made so many mistakes over the years but. I'd say, maybe in the last fifteen years I realized that. Lowering my turnover. Would change my process to think longer term. and sort of raise the bar of. The companies that I was buying to say, Hey, if you think about it, Berry I if I am going to own the stock for the next ten years. It better be a really high quality company. And I better have a high degree of conviction that the company is going to be bigger and better in the next five years. So maybe, I WANNA do another couple of months of research to make sure I really understand the company's competitive advantages. I really know the management team and the entire. Culture of the company and why they're going to do so well, and better understand their product roadmap and the innovation and the competitive set so. That's helped me a lot and so I've tried to stay in companies and not be faked out and sort of. Again what is sort of market noise? You know worried about some tweets or you know? Some concern about inflation or the dollar moving this way or that way which is sort of irrelevant in most cases to the strength in long-term profitability of a company. I would say and I urge your listeners and I urge you to think about this idea of when in doubt. Check the fundamentals when in doubt listen to. The latest quarterly webcast. Look at. The latest presentation to investors when in doubt. You know if you were if you can call the company. Because intriguing and I have to ask you most people go out they buy one thousand shares of stock. They can jump all in or all out very easily. You're obviously swinging around a lot more weight. How do you enter any given stock? Is it a position that you put a tone? And build over time. Do you have a specific strategy I know some people like to add to what's working and subtract to what's not how do you own an Amazon or a home depot? Is it? Is it a slow gradual process or what's the method behind that? Yeah. As I mentioned earlier, Barry we all would love to have a huge amount of conviction you know and I think about some of the great investors I know you know the bill, Miller's the Henry Allen Bogans. You know I think they have more conviction. Than I do or they get it earlier. I'm trying to improve and often. It can be a meeting where you just meet. Someone who's running an important division or a smaller division, and you're like, wow, I was out at tape how and I met someone there who I thought was really exceptional and again when you can visit with the management team and get beyond, you know the CFO or the treasurer or even the CEO and meet some of the people who are in the field who you truly know the product sat. In the competitive set you say, wow, you know this makes sense to me. So anyway, whatever it takes to get conviction and you know I've told the analyst. If you don't understand something tell the management you wanna fly out to headquarters in you know spend more time. It's okay you know no one. LIGHTBULB, sometimes, I'm spending a lot of time when I'm talking to management and they're like, well, why don't you guys own more stock and I've got you know I made a mistake but you know one of the great lessons over Thirty Years Berry, and this is important for all your listeners. If a stock has doubled or even tripled, you have not missed it. And I don't like give all my secrets but. If a stock has doubled or tripled, you have not missed it. You have to say you know have the mental white out the Peter Winch always talks about for the past and say what is going to happen in the future. because. Let's step back Bill Gates Michael Dell. They didn't sell after the first double they didn't sell after the first triple. So yes, I do think it's an excellent idea to say. I would like to own this stock for the next decade or two decades. Because I understand you know the niche that the company fulfilling I think they're in a big market I think the management teams gonNA continue to innovate and continue to grow make rational. Decisions. About. Expanding. And developing new products and they understand their customer, they wanted to light their customer blah. Blah Blah so. The reality is Berry that. I was influenced by Warren Buffett. I was with worn twenty twelve. He invited fidelity to do an MBA day in Omaha. And you know we were all I was given a chance to ask him a question I said weren't managing a hundred billion dollars. What advice would you give me and he said when you have a good idea that big and if you look back and You know we were influenced Joel and I were influenced by Peter Lynch who had like a thousand stocks in. In, Magellan Joel still runs with a huge number of stocks and low price stock funds. You know he's he's an exceptional intellect and can handle that but. The number of stocks encounter fund fell I literally looked at I think. I. Might have had five hundred or six hundred stocks at the time and I just said, let's look at the bottom three hundred say upper out. And I looked at the top fifty. And Peter Always talked about this. You know the best stocks are probably stocks you already owned you need to bet bigger. So I was more concentrated you know but you mentioned earlier what what's really happening right now Technology has been a massive tidal way. The Internet. And Software Great Mark Andries and you know said it best softwares eating the world it? It's it's more efficient. It makes less mistakes it's enabling. You know people all over the world to connect with each other. and. So. The software. offline. The short answer is the software. Industry. is growing rapidly. It's highly profitable. and. The in many parts of the tech industry are not. Capital. Intensive. The Great Apple Steve Jobs Genius to convince on High Foxconn to make the phones for him. So he earns a high margin. And he doesn't have to spend a lot of money building factories. But you think about what you know. Amazon has done generating a lot of free cash flow apples generating a huge amount of free cash flow facebook is generating a huge amount of free cash flow..

Berry Barry starbucks Amazon Peter Winch Foxconn Warren Buffett Omaha Bill Gates Magellan Peter Lynch Peter Always analyst facebook Mark Andries Joel CFO Michael Dell
"peter winch" Discussed on Biz Talk Radio

Biz Talk Radio

09:51 min | 1 year ago

"peter winch" Discussed on Biz Talk Radio

"Alright y and say Joe w. This is the Ray Lucia show. Thanks very much, myself round of applause. That's so amazing. Thank you so much. Thank you tuning in the one talk show in America that helps you make better money, moves the program, all about your money, your business, and your alive. John dean and the house or their big bad hair, you should give yourself a hand. Nobody else to do. I've been giving you a hand up hand up. Since nineteen Ninety-one, it's been a long time and a good one too. I think it's been fantastic. Thank you for all the help. Yes. Yes. We're only we're only like two and a half years away from thirty. Yeah, I know I know the fact that we're only thirty nine years old. Nine years during recess. Third grade. Hey, I think I know where this came from, and it may be a setup Carter, who is an advisory says, in training, emailed, me, just this last weekend, and he said something like I keep hearing about being debt free paying off the mortgage, and then investing in twelve percent mutual funds so that I can take an eight percent income and allow four percent for inflation, way, where where does this is this is Carter and advisor. Maybe it's Carter page. That's the only one that I know's first name first name is Carter looking for. Yeah. No kidding. Is this is an advisor to be an intriguing advisors here about this evidently? And I think I know where I don't want to get into the situation of, of where let's, let's help Carter and many others. Because let's face it, there's this huge mantra that's been going on for years about how you need to be depth three before you start investing. And that's a discussion. We've had a number of times on this program. The difference between good debt and bad debt as an example. I think we all know that. I mean it's pretty basic, you would think, so, although I listened to some of these get out of debt people, and they say, don't invest to your mortgage is paid off. Exactly. Well, that's exactly what this Carter is suggesting is this doesn't make sense, folks. Okay. So let's just do the simple man. And by the way, most of them, are dealing with behavior and not mathematics. Because if you're dealing with mathematics, it's pretty simple. Right. If you have a four percent loan, and you're in a thirty percent tax bracket, then it's costing you two point eight percent for the use of the money, right guppies two point eight percent. So you're bogey is two point eight. So I ask you, can you beat as a long term investor, because a mortgage is thirty years. Right. That's pretty long term. So can you beat over a thirty year time period, they compounded two point eight percent return net after taxes and the answer is you'd be an imbecile not to be able to do that. If you just close your eyes and put your money, sixty forty mix into any kind of blend of stocks and bonds. If you put it all in the stock market, he probably closer to eight you're saying over thirty years, and that's not taking withdrawal, that's not taking any withdrawal. So that was the second part of Carter's. And text here or Email I should say because he's saying invest twelve percent. I know where the twelve percent k came from don't buy it. It's a ridiculous assumption. And it's even more ridiculous. To assume twelve percent. Takeout. Eight leave four for inflation, while you're distributing the assets because every single mutual fund. That's a growth stock mutual fund, by the way, that's one hundred percent invested in the stock market. But every one of those ones that maybe did twelve percent over a twenty or thirty year period, probably haven't done it over the last twenty years because you had to blow up. So when when this fellow is talking about twelve percent. He's using a time period in which the markets were quite prolific. Like from the mid eighties to say the year two thousand that twenty five year period, a lot of mutual funds did twelve percent. Compounded? But starting in two thousand to today, I know of none novel last ten years. Yeah there's a ton of done fifteen percent, maybe twenty percent but leading into the ten year bull market longest in history. Yeah. Two major fifty percent bullets. So when you shake it up now twelve percent is way too aggressive. Now. It's funny because Peter Lynch and there's no one, I think in the industry, that's no more revered as a portfolio manager, money manager, money, man. Then Peter winch. He's, you know, the fidelity vice-chair guru, and he managed the fidelity Magellan fund for I don't know, a couple of decades at least two massive returns like twenty eight percent or twenty five percent. And he's the guy that made famous John by what you know. Yeah. Yeah. Seve's brilliant. I mean, the guy you would think that with all that prowess, he must have been doing something that others weren't doing. You know the by the by what you know thing sounds good on paper. But there's a whole lot of stuff. I don't know much about let's call it in technology. You're of course. And so if that were me, I would have never owned apple or Microsoft or any of those tech companies that zone so well Google. You would've owned guitar company. Absolutely something sports related perhaps, right? L the football. Yeah. There you go. Body ridell Ida had two two on the right now. I think once the why ones with an eye, but you got a couple of times word right L tattooed backwards at your art. When you got hit by a helmet with that. That's another indeed. So, so Carter, if this is a real Email, I suspect that it is. I'm not questioning got nowhere at all. I think I know where it all came from. And the fact is, yes, it's important to be, quote, bad debt free. So let's all agree that, if you have high interest rate, credit card debt cetera et cetera bad debt. It's good to pay that down. Now, there's a mantra out there that suggests that you should focus your attention on paying down the lowest payment debt for what was the. Well, they're, they're there couple of schools of thought interest rate to pay that down. I some people say that others say, take the one with the lowest balance balance as at first, so you get that out of the way and you see a sense of accomplishment. Right. So one is behavioral. Yeah. The other is mathematical, right behavior. If you're if you need the behavioral help, then do that, you know wheel whatever they call it where you pay off the low balance. I apply. You pay minimum payments on everything else. And then you apply the maximum. They get the low balance paid off. Now for a guy that owns an HP twelve see, like the one I got him my hand here. That's stupid. I mean, come on. You got an eighteen percent credit card with a you know, a twenty thousand dollar balanced, and you got a three percent, credit card or Bank loan for a car with a you know. Three three thousand dollar balance. No. If you want to focus your attention as much as possible on the twenty percent interest rate cost, I tend to agree with, that, although I do see the psychological, psychological benefit. I it's, it's different for everybody. If you owe twenty thousand dollars eighteen percent you better pay pay that off. I absolutely three thousand at eighteen percent and you owe two thousand three percent and you want to get one of them out of the way, maybe you could do this marginal. I mean, that was marginal case. But, but just understand we talk about behavioral finance all the time in this program, and there's nothing more powerful than learning what your behavior is. And then adopting or. Somehow, managing your finances accordingly. But you should also understand the mathematics behind it. It's not just about behavior and this eight percent safe withdrawal rate thing. I'll have more to say about withdrawal rates either later on this show or another shows. But, but the fact the fact of the matter is eight percent is fine, if you're only going to live ten year. Because if you suffer through, I mean, just think, again, simple, mathematics, you have a million dollar portfolio you lose fifty seven percent. You're sitting on four hundred thousand dollars. And now you're gonna take eight percent of the million dollars taking eighty thousand bucks out. So a flat return means you can live five years. Okay. No. That is not an advisable thing to do, even though somebody that you may respect said. So you're talking about taking eight percent of whatever the of the original bound, the originally that balance not, what's leftover not the RAM D method here. No, no, no. Not. The are him.

Carter John dean Ray Lucia America Joe w advisor Peter winch Peter Lynch Magellan Seve football Google vice-chair apple Ida portfolio manager HP
"peter winch" Discussed on KQED Radio

KQED Radio

04:37 min | 1 year ago

"peter winch" Discussed on KQED Radio

"Have hoped for the moment. At least Trump seems to prefer. A sticky stalemate who all out military conflict, Scott Horsely, NPR news, the White House. You're listening to all things considered from NPR news. A couple of federal agencies you might not have heard of track how the country's food system works. The Trump administration wants to move them out of Washington, and as Frank Morris of member station, Casey are reports that could have consequences for farmers taxpayers and consumers. The economic research service, collects in crunches numbers on everything from how much corn syrup Americans, eat to have tariffs affect farmers. The National Institute of food and agriculture funds research closely tracking climate change for instance, last summer secretary of agriculture Sonny Perdue announced that both agencies would be leaving Washington. He says he wants them closer to farmers and public universities doing agricultural research. My first thought was Kansas City would be the perfect place kids. Senator Jerry Moran supports the move greater. Kansas City is in the hunt along with North Carolina and Indiana, not every job in government needs to be in Washington DC. And in addition to benefits that can come from places. Across the country by having those federal jobs there. If done correctly, this is an opportunity to save some money that many in the research community say, it's not officiency driving the move, but hostility towards science. So I think that the agencies DC's going to see Dale terrific business as well as their relevance, Ricarda Salvador with the union of concerned. Scientists says the economic research service will lose relevance, if it's removed from policymakers and other federal researchers some say the agency's effectiveness has already taken a hit efforts by the secretary to movie but really I think, on your mind, the agency have just destroyed. Morale this former economic research service employees asked that we not use his name because he could lose his current job. He says working at the agency was great until about a year and a half ago when he says, researchers began to fear tackling politically sensitive topics. Then secretary Perdue push to take the agency. Out from under nonpartisan oversight and place it under his control. Finally, the surprise announcement to move it, along with the National Institute of food and agriculture out of Washington triggered a 'cascade of resignations. I think it's had its intended effect, people have left. Morale is low the agency will take a long time to recover from the damage that's been inflicted. The Trump administration wanted, staff reductions years ago, all three Trump budgets have proposed deep cuts to the agency's, Salvador argues. That's because objective research often clashes with political ideology economic research, service studies, for instance, concluded that tax cuts championed, by the administration would most benefit the richest farmers. And that nutrition programs that Trump wanted to cut or good for the economy. So the sugar truly dealing with inconvenient tanks by going to the source and eliminating them. But people still working at the agencies are fighting back, Peter winch. Works for the American federation of government employees union, that economic research, service, employees just joined what they're trying to do is at least slow down if not stop USDA's plan to relocate them outside of the Washington DC area, for his part, Senator Jerry Moran, argues that firm research agencies can be both relocated and well supported, and he's hope to fight off efforts to cut egg research in the past. He says, farmers ranchers and makers can't make the best decisions without reliable agriculture department data. But that's exactly the problem critics have with a proposal to move the to research agencies. They say the USDA hasn't produced any data to support for NPR news. I'm Frank Morris in Kansas City. You're listening to all.

Washington DC Senator Jerry Moran Ricarda Salvador Trump secretary Sonny Perdue Kansas City NPR Frank Morris National Institute of food USDA Scott Horsely DC White House American federation of governm Peter winch Casey
"peter winch" Discussed on KCRW

KCRW

04:33 min | 1 year ago

"peter winch" Discussed on KCRW

"Who all out military conflict, Scott Horsely, NPR news, the White House. You're listening to all things considered from NPR news. A couple of federal agencies you might not have heard of track how the country's food system works. The Trump administration wants to move them out of Washington, and as Frank Morris of member station. K C R reports that could have consequences for farmers taxpayers and consumers. The economic research service, collects in crunches numbers on everything from how much corn syrup Americans, eat to have tariffs affect farmers. The National Institute of food and agriculture funds research closely tracking climate change for instance, last summer secretary of agriculture Sonny Perdue announced that both agencies would be leaving Washington. He says he wants them closer to farmers and public universities doing agriculture research. I thought was Kansas City would be the perfect place. Kansas. Senator Jerry Moran supports the move greater Kansas City is in the hunt along with North Carolina, and Indiana, not every job in government needs to be in Washington. DC addition to benefits that can come from places. Across the country by having those federal jobs there. If done correctly, this is an opportunity to save some money that many in the research community say, it's not officiency driving the move, but hostility towards science. So I think that the agencies DC's going to see Dale terrific business as well as their relevance. A Salvador with the unions concerned. Scientists says the economic research service will lose relevance, if it's removed from policymakers and other federal researchers some say the agency's effectiveness has already taken a hit by the secretary to move eight but really, I think on your mind, the agency have just destroyed. Morale this former economic research service employees asked that we not use his name because he could lose its current job. He says working at the agency was great until about a year and a half ago when he says, researchers began to fear tackling politically sensitive topics. Then secretary Purdue push to take the agents. Out from under nonpartisan oversight and place it under his control. Finally, the surprise announcement to move it, along with the National Institute of food and agriculture out of Washington. Triggered a 'cascade of resignations intended effect. People have left morale is low the agency will take a long time to recover from the damage that's been inflicted the Trump administration wanted, staff reductions years ago, all three Trump budgets have proposed deep cuts to the agency's Ricardo Salvador argues. That's because objective research often clashes with political ideology economic research, service studies, for instance, concluded that tax cuts championed, by the administration would most benefit the richest farmers. And that nutrition programs that Trump wanted to cut or good for the economy. So the sugar truly dealing with ink convenient tanks by going to the source and eliminating them. But people still working at the agencies are fighting back. Peter winch works for the American federation of government employees union, that economic research, service, employees just joined what they're trying to do is at least slow down, if not stopped USDA plan to relocate them outside of the Washington DC area for his. Part Senator Jerry Moran argues that firm research agencies can be both relocated and well supported, and he's helped fight off efforts to cut egg research in the past. He says, farmers ranchers and policy makers can't make the best decisions without reliable agriculture department data. But that's exactly the problem critics have with a proposal to move the to research agencies this, the USDA hasn't produced any data to support for NPR news. I'm Frank Morrison Kansas City. You're listening to all things.

Washington Senator Jerry Moran secretary Dale Kansas City NPR Trump Sonny Perdue National Institute of food Kansas Scott Horsely Frank Morris DC Frank Morrison Peter winch USDA White House
"peter winch" Discussed on KQED Radio

KQED Radio

04:43 min | 1 year ago

"peter winch" Discussed on KQED Radio

"At least Trump seems to prefer a sticky stalemate who all out military conflict, Scott Horsely, NPR news, the White House. You're listening to all things considered from NPR news. A couple of federal agencies you might not have heard of track how the country's food system works. The Trump administration wants to move them out of Washington. And as Frank Morris of member station, K C are reports that could have consequences for farmers taxpayers and consumers the economic research service, collects in quenches numbers on everything from how much corn syrup Americans, eat to have tariffs affect farmers. The National Institute of food and agriculture funds research closely tracking climate change for instance, last summer secretary of agriculture Sonny Perdue announced that both agencies would be leaving Washington. He says he wants them closer to farmers and public universities doing agricultural research. My thought was Kansas City would be the perfect place kids. Senator Jerry Moran supports the move greater. Kansas City is in the hunt along with North Carolina and Indiana, not every job in government needs to be in Washington DC, in addition to benefits that can come from places across. The country by having those special jobs there, if done correctly, this is operatives to save the money that many in the research community say, it's not officiency driving the move but hostility toward science. So I think that the agencies DC's going to see Dale do their effectiveness as well as the relevance recorded Salvador with the union concern. Scientists says the economic research service will lose relevance. If it's removed from policymakers and other federal researchers some say the agency's effectiveness has already taken a hit efforts by the secretary to movie but really I think, on your mind, the agency have just destroyed. Morale this former economic research service employees, ask that we not use his name because he could lose its current job. He says working at the agency was great until about a year and a half ago when he says, researchers began to fear tackling politically sensitive topics then secretary produced push to take the agency. Out from under nonpartisan oversight and place it under his control. Finally, the surprise announcement to move it, along with the National Institute of food and agriculture out of Washington. Triggered cascade of resignations had attended people have left. Morale is low the agency will take a long time to recover from the damage that's been inflicted the Trump administration wanted, staff reductions years ago, all three Trump budgets have proposed deep cuts to the agency's, Salvador argues. That's because objective research often clashes with political ideology economic research, service studies, for instance, concluded that tax cuts championed, by the administration would most benefit the richest farmers. And that nutrition programs that Trump wanted to cut or good for the economy. So the sugar truly dealing with ancient alien checks by going to source and eliminating them. But people still working at the agencies are fighting back. Peter winch were. Works for the American federation of government employees union, that economic research, service, employees just joined what they're trying to do is at least slow down if not stop USDA's plan to relocate them outside of the Washington DC area, for his part, Senator Jerry Moran, argues that firm research agencies can be both relocated and well supported, and he's hoped to fight off efforts to cut Agri searching the past. He says, farmers ranchers and pulse, you makers can't make the best decisions without reliable agriculture department data. But that's exactly the problem critics have with a proposal to move to research agencies. They say the USDA hasn't produced any data to support for NPR news. I'm Frank Morrison Kansas City. You're listening to all things considered from NPR news. It's five forty eight here at and there is a big accident.

Trump Salvador Senator Jerry Moran secretary NPR Washington Kansas City Sonny Perdue National Institute of food USDA DC White House Frank Morrison Frank Morris Scott Horsely American federation of governm Peter winch
"peter winch" Discussed on KCRW

KCRW

04:22 min | 1 year ago

"peter winch" Discussed on KCRW

"Prefer a sticky stalemate all out military conflict, Scott Horsely, NPR news, the White House. You're listening to all things considered from NPR news. A couple of federal agencies you might not have heard of track how the country's food system works. The Trump administration wants to move them out of Washington, and as Frank Morris of member station. K C R reports that could have consequences for farmers taxpayers and consumers. The economic research service, collects in crunches numbers on everything from how much corn syrup Americans, eat to have tariffs affect farmers. The National Institute of food and agriculture funds research closely tracking climate change for instance, last summer secretary of agriculture Sonny Perdue announced that both agencies would be leaving Washington. He says he wants them closer to farmers and public universities doing agricultural, research spot was Kansas City would be the perfect place kids. Senator Jerry Moran supports the move greater. Kansas City is in the hunt along with North Carolina and Indiana, not every job in government needs to be in Washington DC, in addition to benefits that can come from places across. The country by having those special jobs there. If done correctly, this is an opportunity to save some money that many in the research community say, it's not officiency driving the move, but hostility towards science. So I think that the agency is going to see day to effective nece as well as their relevance Ricardo Salvador with the union concern. Scientists says the economic research service will lose relevance. If it's removed from policymakers and other federal researchers, some say the agency's effectiveness has already taken a hit by the secretary to movie. But really, I think on your mind, the agency have just destroyed. Morale this former economic research service employees, ask that we not use his name because he could lose his current job. He says working at the agency was great until about a year and a half ago when he says, researchers began to fear tackling politically sensitive topics then secretary Perdue pushed to take the agency. Out from under nonpartisan oversight and place it under his control. Finally, the surprise announcement to move it, along with the National Institute of food and agriculture out of Washington. Triggered cascade of resignations. People have left morale is low the agency will take a long time to recover from the damage that's been in the Trump administration wanted, staff reductions years ago, all three Trump budgets have proposed deep cuts to the agency's Ricardo Salvador argues. That's because objective research often clashes with political ideology economic research, service studies, for instance, concluded that tax cuts championed, by the administration would most benefit the richest farmers. And that nutrition programs that Trump wanted to cut are good for the economy. So truly dealing with ink convenient tanks by going to the source and eliminating, but people still working at the agencies are fighting back. Peter winch works for the American federation of government employees union, that economic research, service, employees just joined what they're trying to do is at least lowdown down, if not stopped USDA's plan to relocate them outside of the Washington DC. Sierra for his part, Senator Jerry Moran argues that farm research agencies can be both relocated and well supported, and he's helped fight off efforts to cut egg research in the past. He says, farmers ranchers and policymakers can't make the best decisions without reliable agriculture department data. But that's exactly the problem critics have with a proposal to move the two research agencies, this, the USDA hasn't produced any data to support for.

Ricardo Salvador Senator Jerry Moran Washington Sonny Perdue secretary Washington DC Kansas City National Institute of food NPR Trump USDA White House Scott Horsely American federation of governm Peter winch Frank Morris Sierra
"peter winch" Discussed on 90.3 KAZU

90.3 KAZU

04:23 min | 1 year ago

"peter winch" Discussed on 90.3 KAZU

"Moment. At least Trump seems to prefer. A sticky stalemate who all out military conflict. Horsely NPR news, the White House. You're listening to all things considered from NPR news. A couple of federal agencies you might not have heard of track how the country's food system works. The Trump administration wants to move them out of Washington, and as Frank Morris of member station. K C R reports that could have consequences for farmers taxpayers and consumers. The economic research service, collects and crunches numbers on everything from how much corn syrup Americans eat to have tariffs affect farmers. The National Institute of food and agriculture funds research closely tracking climate change for instance, last summer secretary of agriculture Sonny Perdue announced that both agencies would be leaving Washington. He says he wants them closer to farmers and public universities doing agriculture research, my first thought was Kansas City would be the perfect place kids. Senator Jerry Moran supports the move greater. Kansas City is in the hunt along with North Carolina and Indiana, not every job in government needs to be in Washington DC. And in addition to benefits that can come from places. Across the country by having those special jobs there. If done correctly, this is an opportunity to save some money that many in the research community say, it's not officiency driving the move, but hostility towards science. So I think that moving the agency's DC's going to see Dale terrific. Business as well as their relevance Ricardo. Salvador with the union of concerned. Scientists says the economic research service will lose relevance. If it's removed from policymakers and other federal researchers, some say the agency's effectiveness has already taken a hit by the secretary to move the eight and tape. But really, I think on your mind, the agency have just destroyed. Morale this former economic research service employees, ask that we not use his name because he could lose its current job. He says working at the agency was great until about a year and a half ago when he says, researchers began to fear tackling politically sensitive topics. Then secretary Perdue pushed to take the agency out from under nonpartisan oversight and place it under his control. Finally, the surprise announcement to move it, along with the National Institute of food and agriculture out of Washington triggered a 'cascade of resignations. You know, people have left morale is low the agency will take a long time to recover from the damage that's been inflicted. The Trump administration wanted, staff reductions years ago, all three Trump budgets have proposed deep cuts to the agency's Ricardo Salvador argues. That's because objective research often clashes with political ideology economic research, service studies, for instance, concluded that tax cuts championed, by the administration would most benefit the richest farmers. And that nutrition programs that Trump wanted to cut or good for the economy. So the secretary truly doing with inconvenient tanks by going to the source and eliminating, but people still working at the agencies are fighting back. Peter winch works for the American federation of government employees union, that economic research, service, employees just joined what they're trying to do is at least slowdown if not stop USDA's plan to relocate them outside of the Washington, d. Area for his part, Senator Jerry Moran, argues that firm research agencies can be both relocated and well supported, and he's helped fight off efforts to cut egg research into past. He says, farmers ranchers and makers can't make the best decisions without reliable agriculture department data. But that's exactly the problem critics have with a proposal to move the to research agencies this, the USDA hasn't produced any data to support for NPR news. I'm Frank.

Washington DC secretary Perdue Ricardo Salvador Senator Jerry Moran secretary Trump NPR National Institute of food Kansas City USDA American federation of governm White House DC Peter winch Frank Morris North Carolina Dale
"peter winch" Discussed on Newsradio 830 WCCO

Newsradio 830 WCCO

12:57 min | 2 years ago

"peter winch" Discussed on Newsradio 830 WCCO

"Is an addictive chemical live from the carrier heating. Talk. Oh. Ron Jeremy eleven o'clock hour. Talk about the one that got away. What one I know? We'll find out this week which one it was joining us now Pete new, Jerry and one of my favorites to talk about we talk about sports, but I want to start the economy because this guy understands economy better than most better than I do for sure Pete first of all merry Christmas and happy new year. Happy new year to year, America's maxi, always get to talk to you. Yeah. You love this season. Oh, yeah. I do. What I know man. Yeah. There's Lisa decorate quite a bit. Yeah. See job with the house, and I do the extra. So we were pretty good as a team. So we're we're sticking together. I don't change coordinators here. Yeah. I I gotta tell ya. This is an aside. But she's done great work on lyme's disease of which she is afflicted by and the more that I have researched it since since reading her and and a couple of other people that have been affected by it. The more you realize how prevalent it is. And how misdiagnosed is. And this is completely aside. What we're going to talk about. But certainly if you live in Minnesota or Wisconsin or this listing area it bears repeating and repeating you got to be so careful and so hard to calculate a kick like that. And what it can do to you. But you also have to be vigilant. Don't you? But but getting diagnose you may get misdiagnosed many times. Oh, yeah. That's probably the most dangerous part is. And you you outdoors than you are susceptible or probably most seasons because you and Robin. The guys are out there hunting and golf is also, but we can't get it anywhere in our backyard. And if you get the raw chicken that's carrying live, and you get you get bit. You have many many misdiagnosis happen all the time to people, and it's really a shame. But you know, that's one of the things that the the foundation is trying to do is create awareness created education, and doctors and all that. And it really is something that's that's pretty awful. And the longer it persists. You know, within your body, the more sort of? Great. So you really gotta get after this as quick as possible. So that's up the better. You are somebody who keeps track of what's going on. If they see a target rash. Or any of those kinds of things got a really address it really can't take you can't treat it light. What you've got to attack and get after right away. Absolately? We'll talk about that more different time. The economy has seen this roller coaster ride. And it was going down. All of a sudden yesterday, it came back up undervalued stocks and people started shopping, again, give me your take first of all short-term last week. What did you see? To be perfectly honest with you. There's there's been a lot of mysteries of the market. And I think what what a lot of what's going on this is to prevalent more and more within the market. And that is you know, as as we get deeper into the technology world that we all are in. You'd be surprised if I told you this. But I think it's I know that it's accurate that more than fifty percent of all trades are done by computers and algorithms as we call them. And so they are they are created to when you hear the expression all the time high frequency trading. And so when when you talk about that kind of thing, it's amazing, and what we are seeing right now are very very exaggerated moves at the market on a consistent basis. And a lot of that is due to the fact that a lot of it is computer based and it's nothing to do with fundamental. So when we see these you know, we had a half day. I get a huge to the downside six hundred plus points to the downside. That's not going in there because of anything it's or or. Or rational and same thing can be set for the book that we saw yesterday. We're up a thousand points, actually almost eleven hundred. So what we're seeing right now are very exaggerated moves based upon single words that the computers the algorithms are set to react to the market's. And that I personally don't think that's a good thing. I think it's creating an incredible amount of volatility. The velocity Moses, very, you know, it causes a lot of stress for people. And and it's something that I'd love to send really address sometime in the future of two thousand nineteen. You know, what who knows I know Mr. Trump's President Trump's got a lot of places that might be one of the areas that he looks at the market on a concert venues itself. Maybe that's an area that he'll focus on a little bit as well. Because he does your the market is a little bit of a barometer of how well he's doing. So in layman's terms, people are daytrippers said people people that are doing it at home. They're saying, okay. They basically said their computer for if it hits this price. This company or trigger words or trans or something like that. So they they could be at Christmas vacation. And and at the end of the day, they just look at their report. Yeah. But it's probably not guys like you. And I'm actually these are extremely expensive and sophisticated. This is this is not the guy. That's just got a software package. This is much deeper than that. Right. Right much deeper than that. But you know, I think it's great that we have created a marketplace where we do have, you know. I like I am today. I didn't go to New York this week. I stayed here Minneapolis, I can trade just as easily anywhere else in the world. And the things that could be set down there at work. But you can't have dinner with the CEO and look in his eyes and see what he's thinking. Right. That's right. That's right. And and and that's where you really get offensive, you know, Bronco last quarter than it was the best consumer market. He had ever seen caught flack for that. Quite frankly, which is crazy. But he basically would tell you the same thing again going into this Christmas quarter, you hear it from Amazon which set a record you'll hear from WalMart and all the rest of the retailer. So even though we were told, oh, boy, you know, Christmas isn't coming this year Santa there's no, you know, Christmas rally and all the rest of that. Well, that part was to return to the market, but in terms of the real market of what's going on in the Renault world, we had a really strong Christmas season sales, and you know, up five point one percent is pretty strong. And that's exactly what we got. Was that reflective brick and mortar and online. What was was there any trend one way or the other who was anything that stood out about it? Well, always can outpace the bricks in order at this point in time. Because as everybody moves. More and more towards online. We we all know target had to get there because WalMart had to get there to compete against Amazon and the target has to compete against Amazon. Walmart everybody else, you know. It's a it's a domino effect. And everybody's gotta make these investments. And and that's big. I mean, I will tell you this the online percent. So that gives you an offense. And I'm not just talking the Amazons of the world. I'm talking about just online itself. So that gives you a good sense of just how strong and how much this is becoming a part of what everybody does people point and click at home much more that they are going out to the bricks and mortar, although we were seeing some great travel. Great traffic as well. In the bricks and mortar in the targets and Lululemon of the world is a foot lockers, and you name it. It was a very very good Christmas season know, one of the great stories, and there's so many of them, but business stories is Costco, and and the literally had to call the police in the other day to run traffic. The the twenty second or twenty third never was in in Eden prairie because they're too much congestion in the parking lot. You know? Plus, they've got the gas station there. Now about this Pete you start by convincing people. You can only do it with a membership for fifty five dollars. Are you convinced that, and then you go in and you and you pay, you know, unless you unless you really buying in bulk you pay pretty similar prices to what you went somewhere else. But when you see something like that when you see how busy they are. What does that tell you about let late if you're if you're using science and a gut feel if Pete and Jerry and sees that what does that tell them? Yeah. And that's exactly what I do. All the time. I'm at Home Depot and Lowe's, Costco. I really do the Peter winch theory, which is you got to walk around. And he got a few what's really going on? And I do the same thing downtown Minneapolis when I'm looking at construction, and I see so much building. Now, in some cases. I think construction the interesting part is I think oftentimes we see overbuilding because people get so excited about it. But it's actually your Costco question. It's an interesting thing because they really are. I wouldn't say there. They they they really do those guys hope depot Lowes, those kinds of companies, you know, they really came produce. 'cause they can they can compete on the online side a lot of what you're getting those kind of places that folks that you're getting you really oftentimes go yourself, and you're going to walk into your Home Depot, where you're going to walk into a cost, and I'll tell you you brought up a really important point, which is the subscription model. And that's something more and more of the tech names are moving towards the Microsoft and adobe as you mentioned, it would Costco, the fact that you have a membership or we could call it a subscription that people pay that yearly amount and that's really important. But that's something that we we look at all the time to try to diagnose small how. Well, are they doing our people? Reopeing are sure. Yeah. That's a great day. Yeah. They'll tell you a lot about your forecast one. Right. Yeah. Because that gives you a great sense of okay. In two thousand eighteen with all these new memberships that are coming in their how strong work and you get. Offensive that. So, you know, it's funny when I look at a company like a cost. That's funny ironic. But when I look at a company like a cost. They have done everything. Right. So competed at the online space, they're still killing it their subscription model. You know with that with with people paying up front to be able to remember is to be able to go there and shop. I mean, they really are doing it. Right. This is the stock that was at the high this year trade the two hundred forty five dollars a share. Now it had a huge run yesterday. But right now, it's still trading under two hundred. So basically, it's fifty dollars off of his high levels of the year. So, you know, I think that show that there are opportunities out there. Whether it's target's that was eighty dollars stocks dropped down towards the low sixties, you look across and you you look for opportunities in markets when they really have been sold off as far as far as they have been. In some cases, maybe they should have been sold off in other cases. It's just a matter of computer programs that just sell all the S and P five hundred days all at once, and they just continue to pile. That's where I think you can sometimes find some little nuggets in there. Some opportunities, you know, looking forward into the future, you know, one of the interesting ones that you've studied a lot is Nike and Under Armour. And first of all, it's amazing to me is you know, as you have children, and you see how their first inclination is. They wanted to have Nike or Under Armour, and you go boy somehow, someway, they have penetrated through their marketing efforts starts or whatever it is. It's worth because they they believe that those are the only two that exists. But you're saying that that there's a there's a great distinction between the two. Oh, yeah. Absolutely. And Nike shoes absolutely own the shoe market. Now what I'm say that let's not forget eat us. But if we're talking under armor, Nike under come close to what Nike has an of course, they are very very strong with the apparel brands. But here's the most interesting thing, you just brought up something that I think people sometimes forget when we talk about China, and this is part of this whole trade world. Of course, you know, what we really focus on trade. A lot of the times intellectual properties that are being stolen. And that's that's I think a very important thing. Too many presidents for too many years have gone by just allow China to do what they do it. Sure. But I will tell you this in terms of their economy part of the strengths of what's happened. There is absence built up their middle class. And what's not forget one point three billion people? We have three hundred plus million. Here's what point three billion people there. So when we talk about the middle class, even if it's a fraction of the number of what the one. Point three billion is it's a big number. So those folks in China, absolutely, love labels. It's it's about that type of thing. Having a Starbucks Cup of coffee in your hand having really on your feet having. How brand oriented the Chinese real, shall we say their marketing is what you're saying. They're going. Hey, I got this great big market over there. You guys are almost a pilot project for me. Well, the North America's almost the coming after thought..

Nike Costco Pete new WalMart Home Depot Ron Jeremy Minneapolis China Jerry Amazon America Lisa Moses Starbucks Lululemon Minnesota North America Eden prairie