Is it time to be fearful or greedy?

Let Me Speak To A Manager

#Business #Ian Mathews and Frank Cava #Frank Cava #Careers #MBA #Entrepreneur #Ian Mathewsp

26:46

For many travelers, Antarctica is a bucket-list destination, a once-in-a-lifetime opportunity to touch all seven continents. In 2023, a record-breaking 100,000 tourists made the trip. But the journey begs a fundamental question: What do we risk by traveling to a place that is supposed to be uninhabited by humans? And as the climate warms, should we really be going to Antarctica in the first place? SHOW NOTES: Kara Weller: The Impossible Dilemma of a Polar Guide Marilyn Raphael: A twenty-first century structural change in Antarctica’s sea ice system Karl Watson: First Time in Antarctica Jeb Brooks : 7 Days in Antarctica (Journey to the South Pole) Metallica - Freeze 'Em All: Live in Antarctica Learn about your ad choices: dovetail.prx.org/ad-choices…

acum 2 ani 42:20

MP3•Pagina episodului

"Be fearful when others are greedy, and greedy when others are fearful."

~Warren Buffet (and Frank Cava)

The market swung violently from pessimism to "full bull mode" in January. Rates came in, stocks were up, and bidding wars are flaring back up in real estate and trading cards. Is risk back on, or is this economy setting itself up for an even bigger collapse? We break it down from a fundamental perspective. Get your popcorn!

140 episoade

Is it time to be fearful or greedy?

Let Me Speak To A Manager

published acum 2 ani

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MP3•Pagina episodului

"Be fearful when others are greedy, and greedy when others are fearful."

~Warren Buffet (and Frank Cava)

140 episoade

#Business #Ian Mathews and Frank Cava #Frank Cava #Careers #MBA #Entrepreneur #Ian Mathewsp

Toate episoadele

1
Trump's Tariff Play: Genius Move or Reckless Mistake? 49:03

acum 6 zile49:03

49:03

Summary Ian and Frank analyze recent market reactions to tariff announcements, the historical context of tariffs in America, and the strategic use of tariffs in economic policy, particularly under the Trump administration. They discuss the strategic motivations behind Trump's policies, particularly in relation to China and economic adjustments. They explore the implications of tariffs, the challenges of national debt, and the potential pain associated with economic reforms. The discussion highlights the uncertainty in the market and the opportunities that arise during disruptive times, emphasizing the importance of understanding economic dynamics and preparing for future challenges. Chapters 00:00 The Story Behind Ben Stein's Role in Ferris Bueller's Day Off 04:15 Understanding Tariffs and Their Impact 08:38 Market Reactions to Recent Tariff Announcements 11:40 The Role of Tariffs in Economic Strategy 18:59 Historical Context of Tariffs in America 23:03 Trump's Strategy: A Game of Power 27:37 Economic Challenges and the Role of Debt 31:06 The Pain of Economic Adjustments 35:45 Navigating Tariffs and Market Disruptions 40:00 Opportunities Amidst Uncertainty…

1
What is a Mastermind and why should you join one? 34:51

acum 15 zile34:51

34:51

Summary In this conversation, Ian Mathews and Frank Cava discuss the concept of masterminds, focusing on Frank's journey in creating his own mastermind group. They explore the importance of high-level conversations, the criteria for membership, and the strategies for marketing and customer acquisition. Frank shares insights on building a community of like-minded individuals and the value of curated discussions in fostering growth and learning. The conversation also touches on the challenges and successes of launching the first meeting of the mastermind, emphasizing the importance of quality over quantity in membership. Takeaways Masterminds provide a platform for high-level conversations. Building a community is essential for personal and professional growth. Criteria for membership should focus on greatness and compatibility. Marketing strategies should leverage existing relationships and networks. Creating value in meetings is crucial for member retention. Hiring the right team can enhance the quality of the mastermind. Slow growth with the right people is preferable to rapid expansion. Curated discussions lead to deeper learning and insights. Professional presentation can elevate the perceived value of events. The name and concept of the mastermind should resonate with its purpose.…

1
Is this the end of working from home? Jamie Dimon's rant explained 44:24

acum 26 zile44:24

44:24

Summary In this episode of Let Me Speak to a Manager, Ian Mathews and Frank Cava discuss the importance of in-person work, the shift back to office culture, and the role of mentorship in the workplace. They explore the end of entitlement in work culture and the impact of AI on future job security. The conversation is filled with humor, rants, and insights into the evolving work landscape. Chapters: 00:00 The Return of the Podcast 03:25 Rants and Real Estate 06:25 The Importance of In-Person Work 12:25 Mentorship and Learning in the Office 19:23 Corporate Culture and Employee Expectations 22:43 Elon Musk's Remote Work Mandate 25:18 The Culture of Hard Work at Musk's Companies 27:42 Honesty in Company Culture 30:54 The End of Entitlement in the Workforce 33:20 The Shift Back to In-Office Work 35:08 The Reality of Remote Work 37:02 The Journey to Success 39:57 The Impenetrable CEO: Jamie Dimon 41:22 The Future of Work and AI…

1
Why do we get bored so easily at work? (and what to do about it) 46:56

acum 38 weeks46:56

46:56

Summary The conversation covers various topics, including deep-fried cheese sticks, preventing boredom, Granddad's birthday, the dog track, staying motivated, and the process of writing. The conversation explores the importance of setting goals and chasing after them to find fulfillment and avoid boredom. It emphasizes the need for a North Star goal and breaks it down into actionable steps. The hosts discuss the significance of motivation and how it can be sustained by constantly setting new challenges and finding new reasons to be excited. They also highlight the role of incentives and contests in driving innovation and engagement within a business. The conversation concludes with the idea that choosing something to chase is the key to happiness and personal growth. Chapters 00:00 The Adult Food on Children's Menus 02:38 Granddad's Dedication to the Dog Track 09:27 Finding New Rabbits to Chase 11:19 Staying Motivated: Setting New Goals 16:07 The Process of Writing: Falling in Love with the Grind 29:12 Motivation and Challenges 45:36 Choosing Something to Chase for Happiness and Personal Growth…

1
How to change your manager's mind 51:10

acum 40 weeks51:10

51:10

Summary In this conversation, Ian and Frank discuss the topic of changing your manager's mind. They share their personal experiences and insights on navigating the dynamics between managers and employees. They explore why managers often fall in love with their ideas and the challenges of convincing them otherwise. They also discuss the importance of trust, competence, and taking ownership in building a persuasive case. The conversation highlights the need to understand the manager's perspective and the impact of decisions on their roles and responsibilities. The conversation discusses five methods to change the mind of a manager. These methods include bringing new information to the table, explaining the unintended consequences, using facts and data, building a posse of supporters, and changing the environment. The hosts provide examples and insights on how to implement these methods effectively. They emphasize the importance of removing ego and being open-minded to new ideas. The conversation also highlights the significance of storytelling, seeking feedback, and maintaining conviction when persuading a manager. Chapters 00:00 Introduction and Personal Experiences 03:02 Managers Falling in Love with Their Own Ideas 06:09 Taking Ownership and Making a Big Impact 08:07 Managers Making Decisions for Frontline Employees 13:20 The Role of Trust and Fear in Persuasion 21:18 Proving Competence and Taking on More Responsibility 23:14 Good Managers Harnessing and Empowering Employees 23:32 Bringing New Information 26:51 Explaining Unintended Consequences 30:08 Using Facts and Data 37:08 Building a Posse 44:42 Changing the Environment…

1
How Did Burnout Become Normal? (And How To Push Back) 51:13

acum 48 weeks51:13

51:13

Are you burned out? You're not alone. Burnout feels inevitable in this age. But you don't have to roll over and give up. Frank and Ian outline several steps to help you get your mojo back.

1
How to Stop Procrastinating by Using the “Seinfeld Strategy” 45:10

acum 50 weeks45:10

45:10

Takeaways Consistency and daily practice are key to achieving success in any endeavor. The Seinfeld method, or creating a streak of positive habits, can help build momentum and lead to long-term results. Writing every day can help establish credibility and build a following. Distinguishing between fads and trends is important in setting sustainable goals and habits. Streaks can gamify habits and make them more enjoyable and motivating. Consistency and daily habits are crucial for success in personal and business endeavors. Lead generation and marketing should be daily habits in order to grow a business. Streaks can lead to significant long-term rewards and success. Streaks can also have negative consequences, such as burnout. Starting and maintaining streaks can have a compounding effect over time. Chapters 07:36 Introducing the Seinfeld Method 14:45 The Power of Consistency and Daily Practice 27:31 The Role of Daily Lead Generation and Marketing in Business 34:37 The Uninterrupted Streak of Breathing 43:56 Starting and Maintaining Streaks for Success…

1
How to raise $2.5M in private capital 46:50

acum 51 weeks46:50

46:50

In this conversation, Ian and Frank discuss their experiences raising capital for their businesses and investing in different markets. They explore factors influencing a small business owner's decision to seek capital, such as market conditions and personal financial goals. They also delve into the advantages of investing in Richmond, Virginia, including lower costs compared to other markets and the ability to leverage their knowledge and contacts. The conversation highlights two investment structures they have used: a portfolio of single-family homes and the renovation of commercial buildings. Overall, they emphasize the importance of understanding the market and building a solid team when seeking capital and investing in real estate. Frank and Ian discuss their previous real estate deals and their current investment opportunity. They highlight each deal's different structures and returns, emphasizing the importance of having multiple exit strategies and considering market conditions. They also discuss the benefits of private funding over traditional bank loans and the security of investing in real estate-backed bonds. 01:38 The Market in 2024: Hunting for Capital 06:05 Richmond's Market and Potential 08:38 Richmond's Metropolitan Statistical Area 10:31 Considering Other Markets: Fort Lauderdale, California, and DC 13:03 Entering the Richmond Market 14:00 Why Continue Investing in Richmond? 15:42 Challenges of Entering a New Market 20:04 Different Investment Structures: Single-Family Homes and Commercial Buildings 22:56 Structuring the Investments: Portfolio of Single-Family Homes 23:26 Structuring the Investments: Renovation of Commercial Buildings 23:52 Different Deal Structures 30:48 Investing in Identical Assets 35:25 Real Estate-Backed Bonds for Cash Flow 41:08 Private Funding vs. Traditional Bank Loans 44:28 Diversifying Investment Portfolios 45:16 Market Conditions and Team Strength…

1
Why is it so hard to start again after taking a break? 38:21

acum 1 year38:21

38:21

Frank and Ian discuss the challenges of restarting after taking a break in this conversation. They share personal experiences and insights on overcoming inertia and embracing discomfort when starting something new. They emphasize the importance of commitment, setting goals, finding leverage, and seeking support to hold oneself accountable. They also highlight the benefits of taking breaks to recharge and gain fresh perspectives. They encourage listeners to take control of their decisions and make intentional choices when restarting or pursuing new endeavors. Takeaways: Restarting after a break can be challenging, but it is possible with the right mindset and strategies. Embrace discomfort and lean into the change process to overcome inertia and create new habits. Set specific goals, find leverage, and seek support to hold yourself accountable. Taking breaks can provide opportunities for recharging, gaining fresh perspectives, and avoiding burnout. 00:00 Introduction and Catching Up 02:15 Taking a Break from Podcasting 05:30 The Challenges of Restarting 09:01 The Importance of Commitment and Change 11:08 Embracing Discomfort and Overcoming Inertia 20:32 Setting Goals and Finding Leverage 26:33 The Benefits of Taking Breaks 30:06 Accountability and Recharging 35:37 Seeking Support and Holding Yourself Accountable…

1
How to shortcut a turnaround like Coach Deion Sanders 41:50

acum 2 years41:50

41:50

Coach "Prime" is disrupting the landscape of college football recruiting. Assuming a roster that won only one game in 2022, Deion Sanders is wasting no time upgrading the roster but at what cost? In this episode, we talk about the pros and cons of building a team versus buying one (along with the short and long-term repercussions).…

1
Inside our epic boys trip to Omaha to see Warren Buffett at the 2023 Berkshire Hathaway annual meeting 1:34:02

acum 2 years1:34:02

1:34:02

Screw Vegas; real men take boys trips to Omaha! Thinking of going to see Warren and Charlie next year at the biggest investor event of the year? Frank and Ian give you an inside look at what you can expect from travel, accommodations, restaurants, tickets, finding a seat, and of course, where to find a decent casino.…

1
Should participation trophies be banned? 52:00

acum 2 years52:00

52:00

North Carolina has introduced a bill to eliminate participation trophies. We debate the merits of continuous versus intermittent feedback and how demonizing encouragement for beginners might not be the best answer. When is it appropriate to cheer participation, and when is it hurtful? We look at the parallels of youth sports with managing a corporate team.…

1
Are You Too “Busy” To Be Productive? 1:03:11

acum 2 years1:03:11

1:03:11

Too many people major in minor things. Anyone who responds with “busy” every time you ask them how they’re doing is likely not a productive asset to their company. Why are people busy? It’s typically an inability to prioritize, a refusal to delegate, and an unwillingness to tackle the hardest tasks. So they fill their day moving paper around and responding to emails while the wealthy focus on a few big things and ruthlessly cut everything out of their schedule. In this episode, we dive into the psychological barriers involved with “busy” people and talk about how you can switch your focus.…

1
Our advice to the marketing team at Bud Light 40:25

acum 2 years40:25

40:25

Bud Light became the subject of future business school case studies when it alienated a significant portion of its core customer base. By some estimates, the mistake could cost the king of beers up to $5,000,000,000. With one decision, Bud Light handed millions of cases of beer over to Miller Lite and Coors Lite. In this episode, we offer free advice on what Bud Light should do in response to this all-time bomb of a campaign, and we also look at the moves its competitors should focus on.…

1
How Do You Know When It Is Time To Fire Someone? 54:07

acum 2 years54:07

54:07

Most new managers try to "fix" every poor performer. This is part ego and part naivety that everyone can be "fixed." But these employees suck up your time as a manager and keep you from spending time with your best performers. And when these managers are finally forced to fire their first employee, they rarely look back and think it was too fast. So how do you know when it is time to cut someone loose? We dive into this topic using our personal experiences as managers and executives.…

Let Me Speak To A Manager

1
The Ostrich Effect: Do You Suffer From FOFO? 45:47

acum 2 years45:47

45:47

The Ostrich Effect explains the peculiar phenomenon where people stick their heads in the sand during lousy times, ignoring troubling information easily accessible to them. Put differently, FOFO (fear of finding out) can be more dangerous than FOMO (fear of missing out).

Let Me Speak To A Manager

1
The GROVER Method: How To Connect With Anyone In 5 Minutes 49:29

acum 2 years49:29

49:29

Whether you are new to an office, leading a new team, or working in sales, connecting with people is critical. And most people are doing it all wrong. In this episode, we bust out a cheat code to help you build a relationship with anyone in five minutes or less.

Let Me Speak To A Manager

1
Welcome to the next banking crisis (same as the old one?) 1:05:43

acum 2 years1:05:43

1:05:43

The dominos are falling, and it's starting to feel a lot like 2008 again. With SVB, Signature, and Credit Suisse making news for the wrong reasons, Frank and Ian look to lessons from the past and talk about how the latest banking crisis is informing their investment decisions. *Disclosure: Frank and Ian are knuckleheads, not financial advisors. These are opinions and should not be mistaken for advice. You also shouldn't take fantasy football or dieting advice from our hosts either.…

Let Me Speak To A Manager

1
Debating the greatest party anthems of all-time (March Madness edition) 1:34:28

acum 2 years1:34:28

1:34:28

We built a bracket of 64 all-time party anthems and decided on a winner. The Criteria: It could be any genre (rock, country, hip-hop, R&B, pop) It could be any kind of party (rager, backyard bbq, wedding, tailgate) **Please note that our list is light on pop music from the past 15 years and highly biased. ***This episode has nothing to do with business, investing, careers, sales/marketing, markets, real estate, or anything remotely intelligent. But it does answer our show's guiding star question, "Is it fun?"…

Let Me Speak To A Manager

1
How to overcome 16 of the most common sales objections (March Madness edition!) 1:20:36

acum 2 years1:20:36

1:20:36

We brought in Indiana's #1 realtor, Jeff Paxson, to help us with the best responses to the most common sales objections. In a March Madness-style bracket, we pit objections against each other, moving on to those that we consider the most difficult to handle. We debate the best responses to "Your fees are too high," "Can you call me back next month," "I had a bad experience with your company before," "Your online reviews are terrible," and more!…

Let Me Speak To A Manager

1
Is your career stagnating because you fear failure? 39:57

acum 2 years39:57

39:57

Behind every inspirational story at the Super Bowl was a long list of personal failures, setbacks, and losses. The top names in the biggest game rose to prominence by building off each failure. In this episode, we look at how failure can be used as a fuel rather than a black mark on your career. "I either win, or I learn. But I never lose." ~Jalen Hurts, quarterback of the Philadelphia Eagles (losers of Super Bowl LVII)…

Let Me Speak To A Manager

1
Could you handle the pressure of a $13 Million contract? 38:33

acum 2 years38:33

38:33

The future looked bright for one highly recruited high school football contract. And then he made history with the largest licensing deal offered to a recruit before signing with the University of Florida. As soon as he took the money, things fell apart. In this episode, we look at the pressure and expectations of landing life-changing money.…

Let Me Speak To A Manager

1
How Chick-fil-A scales good DNA 37:30

acum 2 years37:30

37:30

Chick-fil-A is among the most profitable restaurant chains in history. It routinely ranks #1 in customer service, and individual franchises boast profit margins unfathomable amongst their peers. Frank recently attended a conference with Chick-fil-A Chairman Dan Cathy. This episode summarizes Cathy's masterclass on building a high-performing culture, hiring and retaining great people, and scaling a world-class profit machine.…

Let Me Speak To A Manager

1
Is it time to be fearful or greedy? 42:20

acum 2 years42:20

42:20

"Be fearful when others are greedy, and greedy when others are fearful." ~Warren Buffet (and Frank Cava) The market swung violently from pessimism to "full bull mode" in January. Rates came in, stocks were up, and bidding wars are flaring back up in real estate and trading cards. Is risk back on, or is this economy setting itself up for an even bigger collapse? We break it down from a fundamental perspective. Get your popcorn!…

Let Me Speak To A Manager

1
When does it make sense to pass on a massive pay increase? 41:34

acum 2 years41:34

41:34

In this episode, we look at several high profile examples where individuals passed on life-changing money in the short term to build even more wealth in the future.

Let Me Speak To A Manager

1
Why Frank spent $18,000 on a Tony Robbins event 28:28

acum 2 years28:28

28:28

Frank is never afraid to pour profits back into investments in himself. In this episode, Frank walks us through his decision to cut a massive check to the success guru, Tony Robbins, and takes us into this week-long Business Mastery course for an inside glance at what it was like to attend.

Let Me Speak To A Manager

1
Should You Narrow Your Focus Or Spread Your Bets? 1:14:46

acum 2 years1:14:46

1:14:46

Prevailing wisdom extolls the virtues of diversification. Spread your effort and investments so that no venture can bring you down. But how much do you know about anything with so little time invested in each? Look at the richest individuals in history, and you'll find very few who did it by diversifying. Most took big bets on themselves, burned the boats, and pushed all their chips onto the table. We debate the merits of both strategies in this episode.…

Let Me Speak To A Manager

1
Do You Suffer From Negativity Bias? 1:06:03

acum 2 years1:06:03

1:06:03

Negativity bias is a cognitive bias that explains why negative events or feelings typically have a more significant impact on our psychological state than positive events or feelings, even when they are of equal proportion. In this episode, we look at how this bias can help or hurt our decision-making in our careers, investing, and leading people.…

Let Me Speak To A Manager

1
How To Follow Up After An Interview 24:23

acum 2 years24:23

24:23

So you nailed the job interview, congratulations. Now what? We've got you covered in this episode and our conclusion might surprise you.

Let Me Speak To A Manager

1
Are we at risk of another debt crisis? 37:45

acum 2 years37:45