Midterm years have historically been among the weakest for stocks, so should you pull your money out before November 3? Justin Dyer and Mena Hanna make the case for voting at the ballot box, not with your portfolio. Mena walks through the midterm "scouting report" and why 2026, a midterm year, has gone the other way so far, while Justin explains why 16 elections are too few to build a decision on. They rank the forces that actually move markets (interest rates, inflation, geopolitics, energy and AI), explain why midterms work more like a front-office reshuffle than a game-changer, and look back at a year when a new war, an energy shock and rising rates couldn't stop markets from climbing a wall of worry. Then Mena asks Justin the billion-dollar question: what is he doing with his own money as Election Day approaches? His answer: nothing different, because the plan was built for every path. Connect with Us Call or text us: 626-862-0355 Website: https://www.athletefamilyoffice.com/?utm_source=awm-capital&utm_medium=podcast&utm_campaign=ep-275-midterms-money&utm_content=show-notes 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: Why Justin invests his own money exactly the way AWM recommends, and why your vote shouldn't steer your portfolio. [00:25] Intro: Midterms and your money, and why we vote at the ballot box, not with the portfolio. [02:23] The Midterm Scouting Report: Why midterm years have historically lagged, and how 2026 has broken the pattern so far. [03:08] Sixteen At-Bats: Why a small sample can't carry an investment decision. [04:02] Robustness Over FOMO: How much confidence a decision deserves, from election years to chasing the next SpaceX. [06:13] The Year After: Post-midterm trends, and why they're probably noise for a 100-year family. [07:34] The Real Market Movers: Markets as a digestive system, why rates, inflation, geopolitics, energy and AI outrank the election, and midterms as a front-office reshuffle. [09:56] A Year In The Red: War, energy and rates, and markets still hit a home run. [11:00] A Wall Of Worry: Why corrections are healthy and why volatility is the source of expected return. [12:52] The Billion-Dollar Question: What Justin is doing with his own money before the midterms, and why the plan comes first.

I hear it a lot: "Paul, I'm not a robot." In this episode of Resilience Talk, I explain why methodical, disciplined processes don't make a business rigid or slow, I share a story from my software days when a simple process meant three-hour days while my teammates worked ten, and I walk through a quick way to start making your own processes visible. It's how a business stays resilient through plateaus, recessions, labor crunches and, eventually, succession. Connect with Paul Website: https://www.secondnature.solutions/ Subscribe to the newsletter: https://www.secondnature.solutions/join LinkedIn: https://www.linkedin.com/in/paul-spencer-7252118/ Chapters (00:00) It's all about the process (01:37) Methodical and disciplined, not robotic (04:04) Three-hour days on an airline project (11:27) What this looks like in your business (15:45) Discipline equals freedom (16:42) Make your processes visible (22:50) How processes build resilience

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.