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Talking Billions

Talking Billions

By Bogumil Baranowski

Intimate conversations about money, wealth, and living a rich and fulfilling life.

We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, keep it, but our conversations lead us to an even bigger question — what it means to live a rich life beyond money. My guests share their practices, principles, and evergreen wisdom.

I’m Bogumil Baranowski, author, TEDx speaker, investor, and founding partner of Sicart Associates. A boutique investment firm founded in NYC.

NOT INVESTMENT ADVICE.
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Jacob Lund Fisker | Frugal, Responsible, and Environmentally Friendly Living | Author of Early Retirement Extreme Book & Blog | S1 E8 | 8

Talking Billions

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Mitko Karshovski | The Future of Work is Remote | S1 E12 | 12
Mitko Karshovski | The Future of Work is Remote | S1 E12 | 12
Mitko Karshovski | The Future of Work is Remote | S1 E12 | 12 My guest today is Mitko Karshovski, he is the host of a very successful podcast, That Remote Life, where he interviews experts in remote work, and remote life, while sharing strategies and techniques for those interested in pursuing a location independent career. He was born in Bulgaria, grew up in Ohio, he has traveled the world, and lived in many countries, and he currently spends his time between the US, Bulgaria, Thailand, and Mexico among other places. We talk about: 1) The experience of growing up in Eastern Europe, and the United States. 2) Mitko’s podcast – That Remote Life 3) Becoming a digital nomad 4) The success and the future of remote-first companies 5) Asynchronous and location independent work That Remote Life ---- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
39:08
February 06, 2023
Guy Spier | The Education of a Value Investor & More | S1 E11 | 11
Guy Spier | The Education of a Value Investor & More | S1 E11 | 11
Guy Spier | The Education of a Value Investor & More | S1 E11 | 11  My guest today is Guy Spier. Guy Spier is a Zurich-based author and investor.  He completed his MBA at the Harvard Business School, and holds a First Class degree in PPE (Politics, Philosophy and Economics) from Oxford University where he studied at Brasenose College with the British Prime minister David Cameron.  After completing his MBA, Spier started the Aquamarine Fund which is an investment vehicle inspired by the original 1950's Buffett partnerships. In 2008 Spier made news by bidding $650,000 with his friend, Mohnish Pabrai, to have a charity lunch with Warren Buffett.  His book, “The Education of a Value Investor” has sold more than 50,000 copies. Mr. Spier served as the chair and founder of the Weizmann Science and Business Club, and as a member of the Harvard Business School Alumni Board. He currently serves on the advisory boards of Value Conferences, and of Zurich Minds. He is the founder of VALUEx Zurich, and has co-founded TEDxZürich and TEDxZüriberg. From 2007 to 2009, Mr. Spier served on the Advisory Board of the Dakshana Foundation.  In 2017 Spier joined the newly formed board of the Swiss Friends of Oxford University and is on the board of the UN Watch. He is a member of Entrepreneurs' Organization and of the Young Presidents Organization. Guy lives in Zurich with his wife, and their three children.   Today, you’ll hear about:  1) Guy’s family history, and how it shaped him, and his investment philosophy.  2) The risk of losing it all.  3) Skiing and investing, it’s not the fastest skier that wins, and the one who doesn’t get injured.  4) The challenges & opportunities of managing your own family money, and other people’s money.  5) Investing is like planting vineyards: “not all vintages will be fantastic, but we will have wine to drink”  6) Creating the right physical, geographic and social environment to flourish as an investor.  7) The right and the wrong, and ethics in the investment business.  8) Success is not a number.  9) As a bonus, we talk about flying small planes, and what it taught both of us about investing.   My favorite quote shared by Guy -- “It doesn’t matter how slowly you go, as long you do not stop” – Confucius.   Other notes: Yale Professor mentioned in the episode: Nicholas Christakis, The book is called Connected, TED Talk  Learn more about Talking Billions Learn more about Bogumil Baranowski  Learn more about Sicart Associates, LLC.  Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth.   NEVER INVESTMENT ADVICE.  IMPORTANT:  As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks.   The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
01:14:51
January 30, 2023
Sophocles Sophocleous | Investing Lessons from a Career Across Asset Classes & Markets | S 1 E 10 | 10
Sophocles Sophocleous | Investing Lessons from a Career Across Asset Classes & Markets | S 1 E 10 | 10
Sophocles Sophocleous | Investing Lessons from a Career Across Asset Classes & Markets | S 1 E 10 | 10 My guest today is Sophocles Sophocleous He was born in Canada and raised in Cyprus, he is a Fulbright scholar and CFA Charterholder with multi-year experience in developed and emerging markets in both equities and debt. Currently, he works as an investment advisor to an activist Swiss investor Veraison Capital. During his career, he has managed individual and institutional equity client portfolios and worked for a London-based emerging market high-yield debt fund. On an annual basis, he organizes a by-invitation Cyprus Value Investor Conference that he co-founded in 2016. Also, on a part-time basis, he teaches a CFA Level 1 course and a master's course that he designed. We talked about: 1) His experience investing across stocks and bonds and developed and emerging markets. 2) Founding and running an international investor conference. 3) Looking for a dream investment. 4) Selling policy for stocks and bonds, similarities and differences. 5) Living through a banking crisis. 6) Cyprus Value Investor Conference ---- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
37:07
January 23, 2023
Andrew Stotz & Alex Wetterling | My Worst Investment Ever & More | S1 E9 | 9
Andrew Stotz & Alex Wetterling | My Worst Investment Ever & More | S1 E9 | 9
Andrew Stotz & Alex Wetterling | My Worst Investment Ever & More | S1 E9 | 9 My guests today are: Andrew Stotz, and Alex Wetterling Dr. Andrew Stotz, CFA CEO, A. Stotz Investment Research Andrew Stotz is on a mission to reduce risk in the lives of millions, which he does through his My Worst Investment Ever podcast. He is co-founder and CEO of A. Stotz Investment Research, A. Stotz Academy, and co-founder of CoffeeWORKS. During his career in finance, Andrew served two terms as President of CFA Society Thailand and was twice voted #1 financial analyst in Thailand. He has been teaching since 1992 and created six online courses, including the Valuation Master Class, a highly rated practical valuation online course. He has written five books and holds a Ph.D. In finance. He lives with his 83-year-old mother and has been in Thailand for nearly 30 years. Alexander Wetterling, CIPM Founding Partner, A. Stotz Investment Research Alexander Wetterling is an investment professional taking a particular interest in investor behavior and decision-making. He is a Founding Partner of A. Stotz Investment Research and A. Stotz Academy, and co-founder of the Valuation Master Class. In 2011, Alex met Andrew as a professor during his exchange semester in Bangkok, Thailand. In 2013, he started working with Andrew and their other business partner Sornsak and two years later became a Founding Partner of the firm. Alex holds a Master of Science in Financial Economics from the School of Business, Economics and Law at the University of Gothenburg, Sweden. We talk about 1) Andrew’s podcast – My Worst Investment Ever 2) Alex’s experience growing up in Sweden 3) How to become a better investor 4) The challenges and opportunities of ESG investing (Environmental, social, and corporate governance) 5) What can North American and European investors learn from Asia ---- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
42:21
January 16, 2023
Jacob Lund Fisker | Frugal, Responsible, and Environmentally Friendly Living | Author of Early Retirement Extreme Book & Blog | S1 E8 | 8
Jacob Lund Fisker | Frugal, Responsible, and Environmentally Friendly Living | Author of Early Retirement Extreme Book & Blog | S1 E8 | 8
Jacob Lund Fisker | Frugal, Responsible, and Environmentally Friendly Living | Author of Early Retirement Extreme Book & Blog  | S1 E8 | 8 My guest today is Jacob Lund Fisker. His book Early Retirement Extreme: A philosophical and practical guide to financial independence has been a big hit and remains a very popular read among those curious about frugal and responsible living while caring about the planet. It’s so much more than that, though. His blog, with the same name and the link in the notes, is also a great resource.  Jacob is a Danish-born astrophysicist living in the US and enjoying an early retirement. He is very thoughtful and deliberate about how he lives his life. He took the time to sit down and discuss his research and findings with me. My prepared questions and our recording ended as planned, but we kept talking for another hour.  Today, you’ll hear about:  1) Using a physicist’s mind and tools to figure out the money  2) How working from home can effectively double your income  3) Retirement is not an age or a number  4) Peculiar challenges of retiring young  5) Two definitions of freedom  6) Frugal, Responsible, and Environmentally Friendly Living  7) Finally, how responsible living can lead us to early retirement  Early Retirement Extreme, the blog. Early Retirement Extreme, the book.  Also mentioned in the episode:  The Importance of Slack  Breaking the 2000-Year-Old Principle: The World Beyond the Half-Hour Commute  Deep Dive: The Biggest Disruption – The Remote Work Revolution  The Biggest Disruption – The Remote Work Revolution: Two More Cents.  ---- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
31:09
January 09, 2023
 Leisa Peterson | Mindful Millionaire | Changing Our Money Story | S1 E7 | 7
Leisa Peterson | Mindful Millionaire | Changing Our Money Story | S1 E7 | 7
Leisa Peterson | Mindful Millionaire | Changing Our Money Story | S1 E7 | 7 My guest today is Leisa Peterson. She is a business growth strategist, money specialist, and author of The Mindful Millionaire. She helps inspired business owners become game-changers in their field and achieve million-dollar breakthroughs in their business and investments. Noted in Forbes as one of 10 Women Driving Growth in Wealth Management and Investing, Leisa has appeared on Gaia Media Network and in The Wall Street Journal, FastCompany, The Week, Huffington Post and has been featured on many podcasts and radio shows. We talk about: 1)      How by the age of seven we shape our money beliefs. 2)      Another definition of prosperity. 3)      How to talk about money with ourselves, our kids, and or our spouses? 4)      The role of grandparents in shaping our money habits. 5)      Overcoming the fear of dying poor. More about Leisa. The Mindful Millionaire To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions | Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
34:55
January 02, 2023
Christopher Tsai | Three Generations in the Investment Profession | S1 E6 | 6
Christopher Tsai | Three Generations in the Investment Profession | S1 E6 | 6
Christopher Tsai | Three Generations in the Investment Profession | S1 E6 | 6  Christopher is a good friend, fellow investor. Today, he shares the story of his late grandmother, the only woman to trade on the floor of the Shanghai Stock Exchange before it abruptly closed in 1941 when the Japanese troops invaded; his late father, Gerald Tsai, the founder of the famous Manhattan Fund, and his own successful investing career.  Christopher Tsai is President and Chief Investment Officer of Tsai Capital, an investment management firm; He has more than two decades of experience. Mr. Tsai pursues a value-oriented investment approach and seeks high-quality, growth companies that offer significant upside potential and a margin of safety at the time of purchase. Mr. Tsai has been profiled in numerous financial publications.  When he is not looking at businesses, he loves running in nature, quiet time with his books and family, submersing himself in the arts and a perfectly steeped pot of tea.  We talk about:  1) Cultivating a passion for investing as the third-generation investment professional in his family.  2) Benefits of long-term investing, multiplying the capital many times over vs. chasing a small short-term upside.  3) The emotional makeup needed to succeed in investing in stocks.  4) The challenges of passing knowledge from generation to generation.  5) Learning from the mistakes of others.  To Learn More about my guest, please head over to Tsai Capital.  -----  To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
35:51
December 19, 2022
Chase Warrington | Living a Rich Life | Host of About Abroad Podcast | Head of Remote at Doist | S1 E5 | 5
Chase Warrington | Living a Rich Life | Host of About Abroad Podcast | Head of Remote at Doist | S1 E5 | 5
Chase Warrington | World Traveler Living a Rich Life | Host of About Abroad Podcast | Head of Remote at Doist | Remote Work Expert | S1 E5 | 5  My guest today is Chase Warrington, a good friend, and a fellow world traveler with a shared passion for remote work, productivity, and living a rich life. He was on 35 planes by the time he was 35 months old, but his real adventure didn’t start until later. Chase is an American expat currently living in Europe with his wife and their dog, a 50-pound Siberian Husky.  He’s the Head of Remote at Doist, a leading remote-first company with teammates spread across 35+ countries, and has been named a LinkedIn Top Voice for Remote Work, a Global Top 50 Remote Enabler by Remote.com, and a top 10 digital nomad by Dominica. He is also a regular contributor to several of the world’s top remote-work outlets. He is the host of a hugely popular podcast – About Abroad. After calling half a dozen countries home, Chase is passionate about the future of work and its impact on global mobility, as well as making location independence the new standard and helping others build a life without borders.  We will talk about: 1) Living a rich life as a location independent professional. 2) Doist – a remote-first company, a bootstrapped start-up with no exit strategy, with a global team working asynchronously providing tools for others to work and live better. 3) Todoist – to-do list on steroids, an app serving 30 million users in 19 languages. 4) Fresh look at what it means to be productive beyond the cubicle, meetings, presence indicator, and read receipts. 5) Taking the leap and traveling the world while working remotely.  About Abroad Podcast Todoist Doist -----  To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
36:16
December 12, 2022
Jake Taylor | Pursuit of Freedom | Author of the Rebel Allocator, Co-Host of Value After-Hours Podcast | S1 E4 | 4
Jake Taylor | Pursuit of Freedom | Author of the Rebel Allocator, Co-Host of Value After-Hours Podcast | S1 E4 | 4
Jake Taylor | Pursuit of Freedom | Author of the Rebel Allocator, Co-Host of Value After-Hours Podcast, Farnam Street CEO, Founder of Journalytic  | S1 E4 | 4  My guest today is a dear friend and fellow author and investor, Jake Taylor. He trusted me once with his life during a sailing trip on some rough seas. Today Jake shares the memory of his great-grandmother, who instilled in him, his interest in saving, meeting Warren Buffett, who fired up his passion for investing, and life experience that ultimately led him to pursuit of freedom. Jake Taylor is the CEO of Farnam Street Investments. He’s also the host of various web series and podcasts: Five Good Questions, The Hikecast, and Value: After Hours. Jake is the author of a very successful book, The Rebel Allocator. He has an MBA in Finance and Accounting from UC Davis. While in school, Jake had a chance lunch with Warren Buffett, which solidified his path toward being a professional value investor. We will talk about: 1) The importance of saving. 2) A life-changing meeting with the legendary investor Warren Buffett. 3) Jake’s best-selling book – The Rebel Allocator. 4) His thoughts on the success and abundance of a free market economy. 5) Jake’s new venture – Journalytic and the importance of journaling while investing.  Jake on Twitter Journalytic The Rebel Allocator  -----  To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
45:29
December 05, 2022
Brad Barrett | Financial Independence | The Host of ChooseFI, The Award-Winning Podcast | S1 E3 | 3
Brad Barrett | Financial Independence | The Host of ChooseFI, The Award-Winning Podcast | S1 E3 | 3
Brad Barrett | Financial Independence | The Host of ChooseFI, The Award-Winning Podcast  | Importance of Saving | Control over Your Time  My guest today is Brad Barrett, an instant friend with a shared curiosity about financial freedom. He shares clear and simple advice on how to regain control over your time and circumstance through financial independence, the real superpower. Brad Barrett – is a CPA by training passionate about saving, and financial freedom. He is a co-host of a hugely successful award-winning podcast with 60 million downloads – ChooseFI – Your Blueprint to Financial Independence, co-author of a book, ChooseFI. He shared his ideas, and findings in a Documentary, Playing with Fire, which was named the Top Ten Best Finance Movies of the Decade.” We will talk about: 1) What is Financial Independence, how to reach it? 2) Why Financial Independence is a superpower that can transform your life, relationships, financial stability, and ultimately your happiness? 3) Fear and scarcity around money, how to stop worrying about running out of money? 4) Our time which is the most precious and non-renewable resource. 5) The ultimate goal of financial independence – flexibility and control over our time and circumstances. ChooseFI ChooseFI Podcast ----- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
54:20
November 28, 2022
James E. Hughes, Jr. | Family Advisor for 5 Decades | Avoiding the Shirtsleeves to Shirtsleeves Proverb | S1 E2 | 2
James E. Hughes, Jr. | Family Advisor for 5 Decades | Avoiding the Shirtsleeves to Shirtsleeves Proverb | S1 E2 | 2
James E. Hughes, Jr. | Family Advisor for 5 Decades | Book: Family Wealth | Family Governance | The 5 Capitals | Shirtsleeves to Shirtsleeves | A 100 Year Thinking | A Story of a Toy Purchase My guest today is Mr. James E. Hughes, Jay, is my dear friend, and mentor. We talk every month, but this is our first ever recorded talk. He shares his treasured conversations with his late father, a lifetime of experience, and boundless wisdom of family wealth. Mr. Hughes, a resident of Aspen, Colorado, is an author, advisor to families, founder of a law partnership in New York City that represented private clients throughout the world, now retired from active practice of law.  His wonderful book Family Wealth: Keeping It in the Family talks about family governance and wealth preservation with focus on the avoidance of the “shirtsleeves to shirtsleeves” proverb and on the dynamic growth of families’ human, intellectual, social, spiritual, and financial capitals toward their families’ flourishing. "As it takes 150 years for a copper beech tree {read a great family} to mature, plant today because there is no time to waste." — James E. Hughes, Jr. We will talk about: 1) The challenges of the shirtsleeves to shirtsleeves in three generations proverb, and the courage it takes to overcome it. 2) The five capitals, looking beyond the financial capital of a family. 3) A hundred year thinking in a family, looking back and looking forward around a family table. 4) How to talk with kids about money, a story of a toy purchase. 5) How to help families and individuals prosper and flourish. James E. Hughes Foundation James E. Hughes Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations ----- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
41:59
November 28, 2022
Francois Sicart | 50 Years on Wall Street | Wealth Preservation: Handling Sudden Wealth | S1 E1 | 1
Francois Sicart | 50 Years on Wall Street | Wealth Preservation: Handling Sudden Wealth | S1 E1 | 1
Francois Sicart | 50 Years on Wall Street | Book: Luck is Not Enough | Wealth Preservation: Handling Sudden Wealth | Learning from Three Continents | Contrarian Investing  My guest today is Mr. Francois Sicart, my partner, and mentor. We have spent countless hours talking about money, wealth, and investing, but this is our first recorded conversation ever. He shares stories of his late mentor, his early days on Wall Street half a century ago, and thoughts on successfully handling the sudden arrival of wealth. Mr. Sicart graduated from HEC Paris and immigrated to the United States in 1969, where he joined Tucker Anthony as an assistant before rising to the general partner. He founded Tocqueville Asset Management, growing it into a prestigious money management firm before leaving to start a thriving boutique company, Sicart Associates, with three other partners. He has fifty years of experience managing individual clients' accounts and their family affairs and has sat on a number of bank and investment fund boards. He divides his time between New York, Paris, and Mexico. We’ll talk about: 1) The challenges of sudden wealth, whether inherited or created. 2) From the 70s to 2020s, 50 years on Wall Street, what has changed, and what remains the same. 3) Cultural sensibilities around money, family wealth, and elders across three continents, North America, Europe and Asia. 4) Being a trusted advisor offering calm, and peace in times of panic, and more. 5) Mr. Sicart’s wonderful book, Luck is not enough, the life and legacy of a successful wealth manager. Sicart Associates Book: Luck is Not Enough ----- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
33:14
November 28, 2022
Season One Teaser | From Reaching Financial Independence to Handling Sudden Wealth, Location Independent Life, Responsible Living, Stock Picking to Surviving a Banking Crisis and More.
Season One Teaser | From Reaching Financial Independence to Handling Sudden Wealth, Location Independent Life, Responsible Living, Stock Picking to Surviving a Banking Crisis and More.
Welcome to Talking Billions. We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, keep it, but our conversations lead us to an even bigger question — what it means to live a rich life beyond money. My guests share their practices, principles, and evergreen wisdom. I’m your host Bogumil Baranowski, author, TEDx speaker, investor, and founding partner of Sicart Associates. A boutique investment firm founded in New York City. Join me on this quest to unearth the wisdom of the ages. It’s Season 1, and my guest are: Francois Sicart, my business partner with 50 years of experience on Wall Street, we’ll discuss how successfully handle the arrival of sudden wealth and among other topics With James (Jay) Hughes, my dear friend, advisor to wealthy families around the world, we’ll talk about giving families the courage to flourish and prosper With Brad Barrett from the award-winning, hugely successful podcast Choose Fi, we’ll dive into financial independence, the ultimate superpower that can transform your life. With Jake Taylor, a fellow investor, best-selling author, and host of a few successful podcasts, we’ll hear about his story from great grandmother’s lessons in frugality to meeting Warren Buffett and pursuing freedom With Chase Warrington, the head of remote at Doist, a very unique start-up, we’ll take the leap towards location independent life, traveling, and working remotely, while better managing our most precious asset - time. He is the host of a very popular podcast - About Abroad. With Christopher Tsai, we’ll go on a journey through three generations in the investment profession in his family. With Jacob Lund Fisker, famous author of Early Retirement Extreme, we’ll talk about frugal and responsible living With Mitko Krashovski, the host of the very successful podcast That Remote Life, we talk about the future of work. With Phil Ordway, the co-host of a very popular podcast This Week in Intelligent Investing, we talk about investment success and stock picking. With Andrew Stotz and Alex Wetterling, two talented stock researchers, and Andrew, the host of My Worst Investment Ever podcast, we’ll talk about what it takes to become a better investor With Sophocles Sophocleous, the host of the Cyprus Value Investor Conference, a stock and fixed-income investor, we’ll discuss emerging market investing, and living through a banking crisis. And last, but not least, I’ll host a small group of wealth creators and wealth inheritors who decided to share their lessons and experience with me. Their identities will remain known only to me, but their wisdom with their blessing and permission will be shared with all of you. We’ll end with a season finale, where we’ll look back at all the episodes and everything we learned from our guests, and possibly a sneak peek at season TWO. Share with friends, subscribe, follow, and don’t miss an episode, join me and my guests every week. I’m your host Bogumil Baranowski.
03:35
November 26, 2022
Talking Billions Official Trailer
Talking Billions Official Trailer
Talking Billions Official Trailer Welcome to Talking Billions.  We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, and keep it. Our conversations lead us to an even bigger question — what it means to live a rich life beyond money  – being rich and feeling rich versus looking rich, how we spend our time, how we work, how we organize our lives, and so much more.  Talking Billions is a podcast where I sit down and have heart-to-heart conversations with friends of friends in the US, coast to coast, and around the globe.My guests are of all ages, 20s to 80s, and so is my audience. They vary from best-selling authors, award-winning podcasters, and stars of acclaimed documentaries to those who only now had the first chance to share their ideas, experience, and wisdom with me and you. We forget that we recorded, and I edit all myself to make guests feel safe and heard.  I'm a founding partner of a boutique investment firm founded in New York City. I have two decades of experience. I was born in Poland, educated around Europe, I made New York my home for most of my adult life. Today, I divide my time among a few locations. I'm a published author; my book Money Life Family garnered the most attention.  Two decades ago, I was interviewed on national radio as a university student. Soon after, I interviewed a minister of finance amid a budgetary crisis. I’m a TEDx Speaker who gave talks on investing coast to coast and around Europe. I trained my ear evaluating countless Toastmasters speeches.  Here I come to you as a podcast host as curious as you are to learn more.  I will introduce each season, you'll know what's coming, and you can listen to all episodes or choose and pick.  Join me on this quest to unearth the wisdom of the ages. I’m your host, Bogumil Baranowski. ----- To get regular updates and bonus content, please sign-up for the Talking Billions Newsletter. Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov.
02:07
November 24, 2022