The Richards Report

In this episode of The Richards Report host Ted Richards and Heaps Normal Co-Founder & CEO, Andy Miller discuss the rise of no/low alcoholic drinks. Discussion includes the following; •Global trends of non-alcoholic drinks around the world •The brands having most success with non alcoholic drinks •New ways non-alcoholic beer can be brewed •Starting a business and going through the Startmate process •The impact COVID has had on the business •Previous episodes referenced: Nick Crocker and Matt Allen Heaps Normal is available all over Australia. It can also be purchased direct through the Heaps Normal website. Use discount code: richardsreport to receive free postage. *As discussed in the episode I am an investor in Heaps Normal. But there are many other great non-alcoholic drink companies, all discussed in the episode, including Sobah, Up Flow, Lyres & Seedlip.

In this episode Ted speaks with Six Park co-founder and co-CEO Pat Garrett. They revisit some of the events that occurred in 2020 and discuss the following topics; •Quarter by quarter break down •Stock market movements versus economic conditions •2020 winners & losers •Successful pivots •Who got lucky •Rebalancing For show notes and to listen to previous episodes click here This episode is brought to you by Six Park, one of Australia's leading online investment managers www.sixpark.com.au

For this episode of the podcast I'm speaking with Andrew Pridham. For episode show notes click here Andrew and I first met when I joined the Sydney Swans back at the end of in 2005 when he was then a director of the club. He is also the Chairman of the Sydney Swans Football Club, and also the founder and CEO of investment bank Moelis Australia. People may be familiar with AFL but unsure of what investment banking entails, so we breakdown some investment banking terminology right from the start (e.g. what is M&A, IPO, etc). We discuss what it was like starting an investment bank in Australia, growing it year after year, and taking it public with an IPO so it's now traded on the stock market. We talk about how that journey has been for him on a personal level to where it is today. Andrew has experience working in investment management in different continents around the world, and different stages of the business cycle. This is interesting to note as (at the time of recording) in Australia is 27 years since our last recession. Listeners in their 20's and 30's don't know what a recession is like or may never have been invested in the market so interesting to learn how Andrew thinks about these events. We also touch on planning in both professional sport and investment management. Andrew mentions the importance of planning for the long term, but the reality that you need to go well over the short term too. There's many similarities between business and football as they're both competitive industries, but there's many also differences which we discuss. Other topics we touch on; •Disruption in wealth management •The importance of culture to growing a business •Giving back •Favourite books/podcasts This episode is brought to you by Six Park, providing online investment management to clients all over Australia www.sixpark.com.au

The field of Behavioural Economics is so important because, when it comes to investing and managing our money, our emotions have the ability to lead us astray - so much so we could become our own worst enemies. Of course, decisions like a portfolios' asset allocation are crucially important in investing, but ultimately decisions like these are wasted if investors make irrational decisions at the worst possible time. The reality is, biases affect our decisions and we need to be aware of them so they're not in control. I completed a course on behavioural economics earlier this year at Harvard Business School to learn more about the processes we all use to make financial decisions. During the program I was fortunate to learn from some of the best professors in the world on the topic of Behavioural Economics, and I found it so interesting that I thought, why not have a chat with them on the Richards Report? This episode is the third episode of a four part series that I've put together. This is the last episode that i'm speaking with John Beshears, an Associate Professor of Business Administration in the Negotiation, Organizations & Markets Unit. Before joining HBS, he was an assistant professor of finance at the Stanford Graduate School of Business. His recent work includes studying participation in retirement savings plans, household investment decisions, and health-care choices. Topics covered include; Recency bias Present bias New Year resolutions This podcast is brought to you by Six Park, Australia's leading online investment manager. Visit www.sixpark.com.au

The field of Behavioural Economics is so important because, when it comes to investing and managing our money, our emotions have the ability to lead us astray - so much so we could become our own worst enemies. Of course, decisions like a portfolios' asset allocation are crucially important in investing, but ultimately decisions like these are wasted if investors make irrational decisions at the worst possible time. The reality is, biases affect our decisions and we need to be aware of them so they're not in control. I completed a course on behavioural economics earlier this year at Harvard Business School to learn more about the processes we all use to make financial decisions. During the program I was fortunate to learn from some of the best professors in the world on the topic of Behavioural Economics, and I found it so interesting that I thought, why not have a chat with them on the Richards Report? This episode is the second episode of a four part series that I've put together. I'm speaking again with John Beshears, an Associate Professor of Business Administration in the Negotiation, Organizations & Markets Unit. Before joining HBS, he was an assistant professor of finance at the Stanford Graduate School of Business. His recent work includes studying participation in retirement savings plans, household investment decisions, and health-care choices. Topics covered include; Why do we overweight small probabilities happening (e.g.lotteries) Projection bias Confirmation bias This podcast is brought to you by Six Park, Australia's leading online investment manager. Visit www.sixpark.com.au

The field of Behavioural Economics is so important because, when it comes to investing and managing our money, our emotions have the ability to lead us astray - so much so we could become our own worst enemies. Of course, decisions like a portfolios' asset allocation are crucially important in investing, but ultimately decisions like these are wasted if investors make irrational decisions at the worst possible time. The reality is, biases affect our decisions and we need to be aware of them so they're not in control. I completed a course on behavioural economics earlier this year at Harvard Business School to learn more about the processes we all use to make financial decisions. During the program I was fortunate to learn from some of the best professors in the world on the topic of Behavioural Economics, and I found it so interesting that I thought, why not have a chat with them on the Richards Report? This episode is part one of a four part series that I've put together. I speak with John Beshears, an Associate Professor of Business Administration in the Negotiation, Organizations & Markets Unit. Before joining HBS, he was an assistant professor of finance at the Stanford Graduate School of Business. His recent work includes studying participation in retirement savings plans, household investment decisions, and health-care choices. Topics covered include; Why do we have biases? The foundations of system 1 and system 2 thinking Loss aversion Status quo bias Heuristics and availability bias This podcast is brought to you by Six Park, Australia's leading online investment manager. Visit www.sixpark.com.au