Today we reveal the next hot trend and cover all the hot topics. We discuss free speech, political violence, and how bad ideas are necessary to recognize good ones. Additionally, we talk discuss energy consumption, the increasing demand driven by AI and the need for clean energy solutions like nuclear power. We also discuss the growth in data centers and the importance of investing in energy and technology sectors to address these trends. Today we discuss...
- Recent events including a Trump rally and an assassination attempt.
- Emphasis on the rejection of violence regardless of political affiliation.
- Importance of staying and engaging in political discourse rather than leaving.
- Free speech and the importance of hearing both good and bad ideas.
- The Biden administration's bill to expedite nuclear power plant regulations.
- Highlighting the energy consumption of AI compared to Bitcoin and the potential issues it causes.
- Investment opportunities in nuclear energy and data centers.
- Historical trends in energy consumption and the rise of renewable energy.
- Mention of technological advancements and their impact on energy needs.
- Discussion on the rapid growth of AI and its implications for energy consumption.
- Emphasis on the need for strategic solutions to meet growing energy demands.
"People with high expectations have low resilience, and resilience matters in success... I don't know how to teach it to you except for, 'I hope suffering happens to you'... greatness comes from character & character... is formed out of people who suffered... I wish upon you ample doses of pain & suffering"
- Jensen Huang
"Cash is not trash... Cash is King" - Kirk Chisholm
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Today's Guest: Kirk Chisholm
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.
Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.
In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys.
Kirk's Online Presence:
Today's Panelists
- Kirk Chisholm | Innovative Wealth
- Douglas Heagren | Pro College Planners