Red to Black Podcast

In our current economic environment, we believe there are multiple asset bubbles which mean assets are too expensive to buy. When we cannot buy an asset at a low price, we focus on the preservation of our capital. Why? As a value investor, buying assets at undervalued prices provides upside. You have higher margins of safety and high returns on invested capital. So, where do you place your money? We look at 2 factors: safety and accessibility. How safe is the vehicle where you are storing your cash, and how readily accessible is it. The goal of a value investor is to purchase high-quality assets at a low price. That requires readily available capital. In this podcast, we provide our opinions on places to store your cash: a money market or a bank. """Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."" --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

Jim Rogers refers to getting wealthy as boring. What did he mean by this? He was making a clear differentiation between euphoric investing and rational investing. Euphoric investing leads to investing with little regard for the financials, whereas rational investing relies on fundamental analysis and patience. Reading the financials of businesses is time-consuming and monotonous; it's "boring." It's not sexy like a new stock tip, a sleek Tesla car, Amazon taking over the world, or Mark Whalberg as an Investor in F-45. Business analysis is a lonely endeavor of reading and thinking. Once you create a list of businesses with potential purchase prices to purchase, you wait. It's a boring game of analysis and waiting. Yet this game leads to wealth creation and business opportunities. Euphoria leads to booms, then busts, mental turmoil, and confusion. """Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."" --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

The leader is responsible for the entire business. If the business performs effectively or ineffectively the leader is responsible. The leader of an organization sets the tone for the organization. He or she is responsible for the ethos, integrity, and performance within the organization. Avoid any organizations where the leader blames others for poor performance. That will create a business where the performance is ineffective because everyone is blaming each other. Look for organizations where each individual takes responsibility for their jobs and actions. These organizations run smoothly, efficiently, and effectively. """Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."" --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

In this short episode, we discuss three businesses that have lasted 300+ Years: a chocolate business, a brewery, and an insurance business. All these businesses have two aspects in common: simple companies and large profit margins. Why have these businesses lasted hundreds of years? It is because they meet human needs. Insurance fulfills the human requirement for safety. The fear of your house burning down or your car crashing urges you to buy insurance. Beer is an essential need to relax or get away from life for a few sips. And chocolate is for a special occasion after a special meal. Well-made chocolate is exciting, enriching, and enjoyable. Also, these are all well-liked businesses. You don't argue with an insurance company, a brewery, or a chocolatier. These are all businesses that fulfill humans needs. """Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."" --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

Will You Be One of the Few that Creates & Maintains Wealth throughout Your Life? Are You Interested in Leading a Relaxed and Stress-Free Life? Financial Freedom is one of the critical components. This Youtube Channel is committed to improving your effectiveness as an investor by teaching you how to invest in highly profitable businesses. Highly profitable companies produce the most cash. Your cash and wealth will grow much faster in a high-margin business. """Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."" --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

What creates a loyal customer? It's the Business Model. There are three different business models: Low Operating Margin (10% Margins), Medium Operating Margin (20% Margins), and High Operating Margin (30% Margins). The lowest margin businesses, such as gas stations, have customers with low loyalty because they are commodity businesses. The customer solely focuses on price. The highest operating margin companies, such as watch companies, have high margins and high customer loyalty. When buying a business, the goal is to buy companies with loyal customers. Think of Apple Computers. No matter the economic climate, their users, including me, are always buying their products. They continue to raise their prices, and their customers keep buying their products. Companies such as Apple Computers are phenomenal businesses because their brand creates a solid competitive moat. There are no competitors to Apple. They sit in a blue ocean. """Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."" --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge, and evaluate this content. Any decisions you make in the future based on this content are not our responsibility since this content is our opinion. All content, material, audio, video, branded material, and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

What is the difference between a brand and a commodity in the business world? A brand sells on loyalty, trust and emotion. A commodity sells on price. An example of a brand is Red Bull and a Commodity is gas. You have no loyalty to gas stations unless you are a gas purist. All things being equal you will pick the gas station with the best prices. I couldn't tell you the price of a Red Bull soda and if they raised their prices I wouldn't care. There is a loyalty to Red Bull. Its has a great logo, it gives super human strength when you drink it and you become an extreme athlete for a bit. Red Bull is a phenomenal business which not only branded itself as an extreme sports brand yet also transformed the entire extreme sports industry. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

Each time you purchase something that dollar could have been saved for a future investment. This is the mindset of a great investor. Is your saving in competition with your investing. Saving is the key to investing. Whether you are starting or are a seasoned investor you can always save more. The key to saving is knowing that a typical product or service you buy will not pay you to own it. You consume it immediately or over time and reap some joy from it. If your goal is to chill in a hammock and not worry about the 9 to 5 hustle then saving and investing it in highly profitable businesses is the way to go. When you buy your first business with saved money and you receive that dividend each quarter it will inspire you to save more. As you save more and purchase more of these cash machine silos your confidence as an investor will grow. It starts with saving and only buying the things you require to live. Look at each dollar as a choice; make money on this dollar or use this dollar to buy something that makes no money. Its always a choice. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

Don't Become a Complacent Investor | Train Like Floyd Mayweather Complacency will kill all your endeavors, primarily investing. Whether you are an investor or a startup founder, investing in your own business, complacency is your enemy #1. Complacency affects revenue, sales, marketing, management, accounting, and all areas of a business. Complacency is the opposite of diligence and focus. When you are focused, you monitor the company. You will ask practical questions. Are the sales teams performing? Does the business have healthy cash flows? Are they using the cash flows wisely? Is management focused on building the relations, sales, and revenues within the industry? When you are complacent, you have no awareness. When you are diligent, you are aware of what's occurring in the business. It starts with saving and only buying the things you require to live. Look at each dollar as a choice; make money on this dollar or use this dollar to buy something that makes no money. It's always a choice. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

We have seen supply shortages in Italian Water, Japanese Saki, Swedish Axes, American Camper Tops, American Camping Supplies, Dairy, and other products. Is it signaling the economy is about to crash, or is it showing economic inefficiencies? As a business individual, it's essential to look at what the signals in the economy are telling you. When economies crash, prepared investors are ready to take advantage of opportunities. In this short Market Update, we discuss what these signals are telling us about the economy. It starts with saving and only buying the things you require to live. Look at each dollar as a choice; make money on this dollar or use this dollar to buy something that makes no money. It's always a choice "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

The Homeless Crisis in Los Angeles is growing. As you drive the streets, you can see campers, tents, make-shift houses, and explosions of trash littering medians, bridge underpasses, vacant lots, and any other spot people can find to live. Certain areas of the city, such as Culver City, Beverly Hills, Pacific Palisades, are Oases compared to the apocalyptic environment you see in Venice, Downtown, and other areas of the city. What does this mean for the economy of Los Angeles and the Country? How will it affect investors? Will it affect small businesses? We answer all these questions and more in this podcast. It's a lively one so enjoy. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

How Do You Grow Your Money Quickly? You invest in highly profitable businesses that pay you to own them. Also, you patiently wait until these businesses are trading at low prices. Investing is an evaluation and waiting game. Growing Your Money Fast doesn't mean you grow it "Right Now." Jim Rogers said, "Getting Rich is Super Boring." In this video, we break down the characteristics of a high operating margin business. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

What is Cash Flow from Financing? Cash Flow from Financing is the third section of the Cash Flow Statement. It tells you how a business is financing itself through the issuance of shares or debt. Watch out for companies that use financing to operate. Healthy companies run off of Cash from Operations. They make their money from the sale of goods or services. Many freshly IPO'd companies run their operations from Cash from Financing, which is a warning sign. The Cash Flow Statement is one of the most important statements a business has to describe how healthy it is. The Cash Flow Statement shows you the health of a business. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

"Wells Fargo Stopped its Loan Program that issues lines of credit. Is this signaling to the business world that rough times are ahead? We think so. Banks don't randomly stop their lines of credit unless they see that their borrowers may not repay their loans in the future. We are entering exciting times. Are you prepared for the storm? Have You reduced your debts? Do you have a list of businesses to buy when the storm comes? "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

Finding highly profitable businesses requires knowing the metrics used to evaluate these businesses. Below are 5 Core Metrics you can use to evaluate the profitability of any business: 1. Return on Invested Capital 2. Cash Flow Margin 3. Enterprise Value 4. Cash Flow from Investing 5. Cash Flow from Financing Bonus: 6. Turnover Ratio "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

Cash Flow from Investing tells you where the business is investing its cash. If you produce a ton of money from operations, your business will have plenty of money to invest. Listen to the podcast to learn more about the importance of Cash Flow from Investing and what investment opportunities businesses use to re-invest their cash "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

When you invest in an asset or build your own business is the money you are investing coming back to you. This is an essential question to ask if you are committed to wealth creation. A great metric to watch is Return on Invested Capital. It tells you if you invest $100 and receive $30 dollars at the end of the year that's a 30% Return on your invested capital. We invite you to listen to this episode to learn more. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

Return on Invested Capital tells you whether your money is working for you? Its an essential metric to know when investing in a private business. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

Learn the importance of the cash flow of a business and what it is telling you about a business. The cash flow is the life blood of a business. Without it a business goes dies or goes bankrupt. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

6 Topics Covered: 1.The Leader 2. Ethos, Values and Vision 3. Ownership & Integrity 4. Pivot Drill: The world’s most profitable grain elevator. 5. Managements Performance 6. What Do the Employees Say about the Management "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

6 Topics Covered: 1. Weathering the storm: Wind, water, and hail. 2. The ultimate economic test: time. 3. Oldest (30% operating margin) businesses in the world. 4. Movies, alcohol, and church. 5. The next 300 years. 6. When the bubble bursts, execute your short list. "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

We invite you to connect with us. https://linktr.ee/bridgerequity 3 Topics Covered: 1. Will Artificial Intelligence (AI) mimic the attributes of God: (omniscience, omnipresence, omnipotent)? 2. What will the future monetary system look like? 3. How do you maximize personal freedom in an unfree world? "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

6 Topics Covered: 1. Current Performance and why it matters... in the future. 2. The 3 Customer Types. 3. Why Do Different Businesses Have Different Operating Margins? 4. The 10% operating margin businesses 5. The 20% operating margin businesses 6. The 30% operating margin businesses "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

6 Topics Covered: 1. Current Performance and why it matters... in the future. 2. The 3 Customer Types. 3. Why Do Different Businesses Have Different Operating Margins? 4. The 10% operating margin businesses 5. The 20% operating margin businesses 6. The 30% operating margin businesses "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.

6 Topics Covered: 1. What is Investing? It’s Cash Flow! 2. What is Appreciation? 3. Focusing on Cash flow Leads you to Value Investing. 4. Focusing on Appreciation (without Cash Flow) leads to Day Trading and other Schemes. 5. Behavioral Economics - Buy value today and patiently wait for appreciation later. 6. Behavioral Economics - More Money Today (MMT) "Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience." --Red to Black Podcast Follow Us & Provide Feedback: ** We invite you to Subscribe to the Channel ## Don't Forget to Press the Bell Notification for Future Updates. @@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content. Contact the Co-Hosts: Werner Minshall: https://www.linkedin.com/in/werner-minshall Mario Parzino: https://www.linkedin.com/in/mario-parzino Stay in Touch: Website - https://www.redtoblackpodcast.com Instagram - https://www.instagram.com/redtoblackpodcast Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg Relevant Videos: Here is an interesting video from the Real Estate world on the topic from Ken McElroy: https://youtu.be/Xf5zQaIpdSo Disclaimer: We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion. All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC.