We started investing in oil and gas three years ago because our clients needed bigger deductions, and we kept watching deals deliver the write-off but never pay back the investment. This conversation covers what we changed. On this week's episode we welcome Cotton Graham, founder and president of G2 Petroleum and Newport Operating, and Joe Stroffolino of G2 Petroleum to walk through the Revo Oil & Gas Growth Fund 2026 LP, our fund of funds investing alongside the G2 TX-26 Energy Fund in North Texas. Deductions That Have to Pay Out: 1. $200,000 of stock vs. $200,000 in a well. 2. How $100,000 becomes a $91,000 deduction. Of every $100,000 invested, roughly $70,000 to $75,000 pays for the drilling itself: the crews, the fuel and the rig time. That’s deductible in year one. When G2 buys a well that’s already pumping, part of the price also covers the pump jacks, tanks and pipe already on site, and that equipment can be written off in year one too. Together, that’s how the fund targets about $91,000 in deductions on $100,000. 3. Old wells still hold oil nobody bothered to pump. Picture a well drilled decades ago. In its first 2,000 feet it passed through 7 to 10 layers of rock that hold oil, but the original operator pumped the best one and moved on. The big companies wanted 50 to 100 barrels a day from a well. With its own rigs and low costs, G2 can go back in, open the layers that were skipped and make 5 to 10 barrels a day pay. 4. Owning the rigs keeps the oil flowing. Three years ago, a wet Texas spring turned the fields to mud. The other Texas operators in our first fund, which relied on hired drilling crews, fell about nine months behind waiting for contractors to get to them. G2 owns its rigs and has a crew of about 25 in the field every day, so it went straight back to its own wells. Every day a good well sits idle is money lost. Get in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-32-revo-oil-gas-growth-fund-2026-lp-in-partnership-with-g2-tx-26-energy-fund&utm_content=show-notes#contact-1 Connect With Us • Website: https://www.revotaxpayer.com/ • Facebook: https://www.facebook.com/revotaxpayer/ • Instagram: https://www.instagram.com/revotaxpayer/ • LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy • YouTube: https://www.youtube.com/@HiddenMoneyPodcast Chapters [00:00] Why a deduction isn't a win unless it pays out [04:06] Meet Cotton Graham and Joe Stroffolino of G2 Petroleum [09:40] Buying production first, then stepping out 300 feet [11:35] Behind-the-pipe pay: the oil early operators left behind [17:19] Buying the equipment: bonus depreciation on top of IDCs [23:26] Why owning the rigs matters: the rainy spring [35:06] General partner liability and GP insurance [38:47] The tax math on a $200,000 investment [41:12] Royalties, operating costs and the 90/10 split [52:40] Q&A: material participation, AMT, recapture and exit Investment in the Revo Oil & Gas Growth Fund 2026 LP is limited to accredited investors and is offered only through the fund's offering documents. Deduction targets and distributions are not guaranteed. This content is for educational purposes and does not constitute tax or legal advice. Always consult a qualified tax professional for your situation.

In this episode of "In the Interim…", Scott Berry is joined by Jenny Devenport and Kaspar Rufibach of Merck Group, co-authors of the EFSPI Statistical Methodology Leaders paper "Statistical Methodology Groups in the Pharmaceutical Industry," and May Mo of Amgen, a co-author of the commentary on the paper from the Statistical Innovation Community, an ASA Biopharmaceutical working group. The guests describe methodology groups within a pharmaceutical company as a strategic investment, and innovation as the product of invention and commercialization, where publication, regulatory dialogue, and validated software ("statistical engineering") turn new methods into common practice. They discuss why new mechanisms of action and therapies such as CAR-T need more than a t-test or a log-rank test, and how estimands, causal inference, adaptive designs, and external data borrowing are reaching clinical trial statistics. The conversation addresses the concern that a dedicated group divides methodologists from project statisticians, how these groups demonstrate their value, why quantitative decision-making is a core competence of a pharmaceutical company, and why curiosity and collaboration matter as much as technical skill. Key Highlights Innovation as the product of invention and commercialization, and the role of methodology groups in scaling new methods. New mechanisms of action, from delayed immune activation to CAR-T, that a t-test or log-rank test cannot handle. Estimands, causal inference, adaptive designs, and external data borrowing entering clinical trial statistics. Avoiding a divide between methodologists and project statisticians, and why there is "no unicorn statistician." Showing value to leadership, from study involvement and due diligences to gains in probability of success. Quantitative decision-making: presenting design options with their risks, costs, and trade-offs. Curiosity, collaboration, and communication as the traits of an influential methodologist. For more, visit us at https://www.berryconsultants.com/

The regular season is over for most of Major League Baseball, and this off-season comes with a question nobody can answer yet: when does the next paycheck arrive?  With the collective bargaining agreement expiring December 1, Justin Dyer and Mena Hanna explain why uncertainty makes an off-season financial plan more important, not less. They walk through the six-month spending window AWM builds for clients in short-term Treasuries, why you should plan your financial off-season the way you plan your training, and why a compressed career turns every season into a "lion year" that magnifies good and bad decisions alike. Then they turn to Warren Buffett, whose discipline, modest lifestyle and patience show what decades of compounding can do, and why athletes who start in their 20s and 30s hold a real head start. Connect With Us Call or text us: 626-862-0355 Website: https://www.athletefamilyoffice.com/ YouTube: https://www.youtube.com/channel/UCc1NxpK21N1vKWEExC45YEA LinkedIn: https://www.linkedin.com/company/awmcapital/ Instagram: https://www.instagram.com/awmcapital/ X: https://twitter.com/awmcapital Facebook: https://www.facebook.com/awmcapital/ Chapters 00:00 Preview: Lockout uncertainty, a compressed career and living in lion years. 00:48 Intro: The end of the MLB season and why the off-season needs a financial plan. 01:54 The CBA And The Last Paycheck: Moving from contributions to distributions as the CBA expires. 03:43 Plan It Like You Train: First principles, and why the financial off-season mirrors the physical one. 05:03 The Six-Month Spending Window: Short-term Treasuries set aside for off-season spending. 07:04 Control What You Can Control: The costs of veering from the plan. 08:16 A Compressed Earning Window: Why a short career magnifies good and bad decisions, and why every season is a lion year. 10:19 The Buffett Lesson: Discipline, living within your means and letting money compound. 12:28 Your Time Advantage: Why athletes in their 20s and 30s are in a fortunate position. 15:01 Wrap-Up: Plans for the off-season and for left-tail events.

If you've had a gnawing feeling that your tax professional prepares your return but doesn't plan ahead to make you money, this episode is for you. This week, we unpack what happens when a comfortable CPA relationship stops being a strategic one: a founder two weeks from signing a $25 million roll-up whose firm never mentioned Section 1202, a $5 million earner researching the Augusta rule with an AI chatbot at night, and two clients with the same breakout year and very different tax bills. The conversations that never happened: 1. A founder was two weeks from rolling roughly $25 million of businesses into one new company. His CPA firm of 20 years first told him it would be a taxable sale. He found the Section 351 route himself with an AI chatbot, and nobody had raised Section 1202, the qualified small business stock rule that, if the structure qualifies, could keep potentially hundreds of millions of dollars of his future gain tax-free. 2. A financial advisor earning about $5 million a year, headed for a $2 million-plus tax bill, was asking an AI chatbot about the Augusta rule to shelter $15,000 to $30,000. Small strategies like that snowball over 10 to 15 years, but the first conversation should be about the big moves, and the client shouldn't be the one doing the research. 3. Two long-term clients who had been earning $1 million to $2 million a year both broke out in the same year, to well over $5 million of taxable income. One was too busy to meet. The other called in March, again in the summer, and again in October, when a railroad took the $2 million property he'd just bought, by eminent domain, for $6 million. Kevin estimates the tax at around $3.5 million with no planning. Because we'd been talking all year, we're tracking closer to a 3% effective rate. 4. By Mike's estimate, about 95% of the people who prepare tax returns are preparers, not strategists. If you're the one bringing ideas to your CPA every year, or no ideas are coming at all, that gnawing feeling is worth trusting. Get in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e31-i-dont-believe-my-cpa-anymore&utm_content=show-notes#contact-1 Connect With Us • Website: https://www.revotaxpayer.com/ • Facebook: https://www.facebook.com/revotaxpayer/ • Instagram: https://www.instagram.com/revotaxpayer/ • LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy • YouTube: https://www.youtube.com/@HiddenMoneyPodcast Chapters [00:00] "I Don't Believe My CPA Anymore" [01:00] Preparers vs. Strategists: It's Not the CPA's Fault [01:42] A $25 Million Roll-Up and a 20-Year CPA Relationship [04:31] "Did Your CPAs Ever Talk to You About 1202?" [06:29] The CPA's Reply: Does That Sound Like a Partnership? [10:00] A $5 Million Earner, an AI Chatbot and the Augusta Rule [13:03] Why Tax Planning Is a Two-Way Street [14:30] Two Clients, One Breakout Year and an Eminent Domain Surprise [19:21] What Proactive Planning Costs, and What It Saves [20:37] Preparer or Strategist? Trust Your Gut

Premium travelers make up a small share of international passengers, yet they generate roughly a quarter of global airline passenger revenue. So airlines keep raising the bar: lie-flat seats, direct aisle access, private doors, bigger lounges. Now basic business fares and lounge access through premium credit cards are bringing a slice of premium to far more travelers, and the question gets harder to dodge. When nearly everyone can buy premium, what still sets an airline apart? Rachel Satow and Jessica Steinberg dig into the commoditization of premium travel, from 30-minute lounge lines and fare rules that confuse even industry insiders to the premium paradox of cabins that push budget travelers upmarket. They make the case for investing in what travelers remember most: simple fares, frontline teams with the tools and autonomy to solve problems, better recovery when flights are canceled, small moments of care that cost almost nothing, and partners who extend the experience beyond the aircraft. Their advice for airline and loyalty leaders is to take the long view and invest in consistency across the entire journey. Connect with Switchfly Website: https://www.switchfly.com/ LinkedIn: https://www.linkedin.com/company/switchfly/ X: https://twitter.com/switchfly YouTube: https://www.youtube.com/@SwitchflyOfficial Chapters [00:00] When yesterday’s luxury becomes today’s table stakes [01:25] The small group behind a quarter of airline passenger revenue [02:10] Keeping up with the Joneses and the commoditization of premium [04:10] Base fares, basic business, and an expanding definition of premium [05:40] Premium seat growth and the cabin that flips [07:40] Why simplicity belongs in the premium experience [09:15] Crowded lounges and benefits that lose their shine [11:05] Premium features have a life cycle [13:55] Small gestures that create lasting brand memories [16:15] Canceled flights, disruption, and premium partnerships on the ground [17:40] Giving frontline teams the tools and autonomy to serve [19:40] Why seat upgrades are easier to fund than service [21:30] Challenging the boardroom to invest in people [23:45] Memorable moments that cost nothing [25:30] Putting passenger data to work, and premium demand in 2026 [26:50] The premium paradox: are airlines creating their own demand? [31:15] What happens when democratizing premium succeeds [33:40] Route, network, and arrival time as the next tiebreaker [34:30] Two paths: elevate the whole brand or build true exclusivity [36:40] Investing in consistency and looking off the plane [38:10] Closing thoughts Links mentioned J.D. Power 2026 North America Airline Satisfaction Study: https://www.jdpower.com/business/press-releases/2026-north-america-airline-satisfaction-study Avis First premium rental service: https://www.avis.com/en/avis-first JetBlue BlueHouse lounge at JFK: https://www.jetblue.com/bluehouse