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PITY PARTY OVER

By: Stephen Matini
  • Summary

  • PITY PARTY OVER is where you press pause on life’s challenges, learn from stories of resilience and triumph, and move forward to achieve your dreams. Subscribe to the podcast Pity Party Over www.pitypartyover.co
    Copyright 2022-2023 Stephen Matini. All rights reserved.
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Episodes
  • Wealthy Words: Break Down Financial Concepts into Simple Actionable Steps - Featuring Riccardo Grabbio
    Mar 20 2024
    Financial advisors, attorneys, doctors, and fiscal consultants are essential professionals who help us navigate an ocean of information to make sound decisions. How do you choose a good one when the language they speak is a nebulous lingo few people fully understand? Riccardo Grabbio is a seasoned financial consultant known for his pragmatic approach and extensive experience as Chief Financial Officer. In this episode, Riccardo helps clarify some common financial lingo so you can build trustworthy and clear communication with your financial advisor or find the perfect one you understand. Listen to how to keep financial strategies simple on Spotify, Apple Podcasts, Google Podcasts, Amazon Music, Podbean, or your favorite podcast platform. Subscribe to Pity Party Over Sign up for Live Session Managerial & Leadership Development Contact Stephen Connect with Stephen #RiccardoGrabbio ##WealthBuilding #Investing #Savings #FinancialEducation #MoneyManagement #FinancialWellness #PityPartyOver #Podcast #Alygn #StephenMatini TRANSCRIPT Stephen Matini: So I represent your typical moron who doesn't know anything about finance. And let's say that I'm seeking for a financial advisor, where should I start? Riccardo Grabbio: When we take a look at finance actually is not something very small, very narrow, something. There are thousands of aspects that we need to take a look at. So first question to me is asking yourself, what do I need? Because when you talk at about finance, it might be have your own personal budget, for instance, because your expenses are not under control. Can be or maybe can be having a finance advisor because my company must improve, must improve for whatever reason because the balance between revenues are and cost are not enough or simply because I'm not managing well enough, my working capital for instance, or maybe because my cash flow is not coming, even though I'm making revenues, I, I do not understand why this is the second one. Or maybe it can be for instance because I have a lot of cash, but I'm not capable of leverage that cash well enough to make my company grow better or how it should, or maybe simply because I have a personal heritage that I want to have a battery yield. Riccardo Grabbio: And at the moment I don't have this is let me say very typical situation that Italian families has. For instance, just to give an idea because you need to know that the GDP of Italy is not satisfactory, is not a country that is growing a lot for several reasons. We are not efficient enough. Our industries are weak, must improve, we have tax issues and all those stuff. But you need to know that Italian families are rather rich and what they have, they have a lot of cash because of generation and so on. And they have a lot of properties. And the big issues that I have seen, for instance in Italy is that what the Americans say is asset rich and income board, to me a financial advisor, this is the first rule of financial advisor, try to change this status because when you are asset rich and income board means that you are not efficient or better, you can't manage your asset. And in this specific situation, for instance, the financial advisor can create tremendous value to, to a family for instance, try to think very rich family that has a good family office and exactly the same very rich family without the family office handling the money for them, the result would be completely different. Stephen Matini: Based on everything you said so far, it seems to me that you, I think you mentioned like probably several things, they're important, but three are really important. One is that you don't need to have a big assets in order to start to be more financially savvy. That's one. Then you mentioned several times the importance of cashflow and the other one you emphasized the importance of time because from a financial investment standpoint, time is crucial more than the actual percentage you get paid in the moment. Riccardo Grabbio: Yes, exactly. I can tell you talking about the time, which is the most important of one. There are several studies that I have read over the years from JP Morgan, but also from some other sources like banger and so on. And what they say is that in a period of at least 20 years in a bunch of 100% investors in the stock market, there was not one that lose one penny over or the 20 years. It means that if you invest, if you buy and hold for 20 years, you're not going to lose money. If instead you try to, what, what we technically say, time the market. So you buy and sell, you buy and sell, then things get tricky. I can tell you one thing, I dunno if you have ever heard about Peter Lynch, I think in seven years in which he managed the found Magellan, he doubled the s and p 500 each and every year. Riccardo Grabbio: So try to think a, a result what we are still talking now about his performance and the funny thing is that 90% of the investors that invest in his fund, they lose money ...
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    38 mins
  • Servant Leadership: The Humble Leader - Featuring Suzanne Harman Munson
    Mar 7 2024
    Historian Suzanne Harman Munson discusses her book Jefferson's Godfather: The Man Behind the Man, revealing the significance of servant leadership exemplified by George Wythe, a lesser-known Founding Father. Throughout the conversation, Suzanne offers valuable insights essential for navigating contemporary challenges, emphasizing the importance of individual impact, critical thinking, kindness, and humility. Listen to this episode of Pity Party over and discover how servant leadership and humility can transform lives on Spotify, Apple Podcasts, Google Podcasts, Amazon Music, Podbean, or your favorite podcast platform. Subscribe to Pity Party Over Sign up for Live Session Managerial & Leadership Development Contact Stephen Matini Connect with Stephen Matini #SuzanneHarmanMunson #JeffersonsGodfather #GeorgeWythe #ServantLeadership #PityPartyOver #Podcast #Alygn #StephenMatini TRANSCRIPT Stephen Matini: You essentially got into writing and history after you retired? Did I get that right? Suzanne Munson: That's correct. Uh, I didn't have time to write books when I was working. And, um, I had a lot of responsibilities at home as well, raising children and so on. After my husband died and after I retired, I went on kind of a journey in a lot of different directions, and I've written books in different genres. Stephen Matini: Why do you think you chose writing and you chose history of all possible directions? Suzanne Munson: Well, my parents loved history, particularly my father. He would go to bed reading history. Well, he was interested in the Civil War, and he would read detailed accounts of the battles, which not my cup of tea by any means, but we always told stories of our ancestors who came to this country and why they came. So I've always been interested in history, but I, I majored in English, which was very helpful to me as the writer. Stephen Matini: Writer. And your family goes back generations? Suzanne Munson: Yes. They go back to the earliest days of the United States. Stephen Matini: As far as the Founding Fathers, one of your interests is the Founding Fathers. Did you investigate, did you study them all or specific ones, because you focus specifically on Jefferson, but did you have any interest in one of the other ones? Suzanne Munson: Well, yes, I have. I'm reading, um, pretty big book about, um, Benjamin Franklin now who really deserves more credit for helping us win the Revolutionary War. I really like following John Adams and Abigail Adams. But the two Founding Fathers that I focus on in my writing are Thomas Jefferson and his wonderful mentor George with, who is called the forgotten founding father, because hardly anybody knows anything about him today. And I uncovered him and some reading and I said, why don't we know more about this man who was very instrumental in the early success of this country? And his story needs to be told in the 21st century. And I wanted to tell it, but I couldn't because I was working. But as soon as I decided to, uh, to leave the office world, I said light bulb went off. And I said, well, I can finally do this book. But it took about five years to write that book because for some reason I couldn't focus at home. So I would go away to various retreats, writers retreats, spiritual retreats for 48 hours at a time or a week at a time, and really focus intensely on it. Stephen Matini: The process of writing. It's a spiritual experience, and you spend so much time within yourself. What have you learned about yourself when you started digging into this, this whole world or writing? Suzanne Munson: I sort of think of myself as a light giver. You know, the things that I'm learning, I like to share with other people, the integrity of this founding father. I think that we need greater integrity in our government. I've given more than three dozen lectures and online interviews about integrity and government that are need for, for that. Now. Also, after my husband died 10 years ago, I, uh, went on a spiritual journey to find out where he went and what he was doing, if that was knowable, and where we all go and what we do after we leave our physical form. So that was a separate journey. So I was really on two journeys. I was on a traditional journey, uh, with the traditional history, and then I was on a metaphysical journey trying to learn more about the afterlife. So two parallel journeys. And I've written books in both of those genres. Stephen Matini: Was it clear from the very beginning what you were looking for, or were you just aimed by curiosity and openness? Suzanne Munson: Well, with the first book that I wrote, which is called Jefferson's Godfather, uh, that was the biography of George with, it was very clear that I wanted to tell his story, that I felt his story was needed today in the 21st century. Now, my latest book, which is called of Loss and love, a Journey of the Heart that took 10 years to write the book has a happy ending. I did actually do the modern ...
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    32 mins
  • Leadership: Lateral Dialogues - Featuring Dr. Petros Oratis
    Feb 28 2024
    Dr. Petros Oratis, a leadership and organization development consultant, team facilitator, and executive coach, believes modern organizational success hinges on embracing lateral leadership and fostering collaboration across hierarchical boundaries. Lateral leadership refers to a leadership style that emphasizes collaboration, teamwork, and the ability to lead without relying on a formal position of authority. Dr. Oratis advocates for leaders to address these interdependencies by creating spaces for dialogue and understanding, particularly in environments where power dynamics and competition may exist. Listen to the episode on Spotify, Apple Podcasts, Google Podcasts, Amazon Music, Podbean, or your favorite podcast platform. Subscribe to Pity Party Over Sign up for Live Session Managerial & Leadership Development Contact Stephen Connect with Stephen #petrosoratis #lateraldialogues #lateralleadership #pitypartyover #alygn #stephenmatini #podcast #leadershipdevelopment #teamwork TRANSCRIPT Stephen Matini: I'm really happy to be here with you, we share the same passion and so I have a lot of questions for you, which are questions that I try to answer myself. I got into organizational development, you know, later on in my life. Previously I had a career in marketing, which I thought it was my thing. And then at some point out of pure coincidence I learned that I loved to work on organizational functions and to help people to perform better. How did it happen to you? Is this something that you have always known, but how did you get into this? Petros Oratis: Yeah, that's a very good question on reconnecting with origins and the course of life. I think because I studied in Greece and our system there is quite specific as to how you end up in university. But I think maybe also globally at that age you might not really know what to study. So I studied economics as an undergraduate, not necessarily by choice, but because I wanted to end up in organizations sort of in management. On one hand, when studying economics is very interesting because you learned from very early on in life about systems and about interdependencies and the complexity of the world, which I think it's very helpful as a mindset to be grown from early on. But it's also quite of a positive is science. So it has some sort of predictability in a way. Or you learn very quickly this idea of predictability and control and with knowledge and with models, if you apply them properly, you know you will get good results. But human behavior is extremely complex and even if you get it a little bit in courses around psychology, organizational psychology, still, there is this idea that if we study it and we can predict it, we would know what to do about it. And then of course you probably know from your practice and our profession, that's not how it works with large systems, with human behavior, even with us personally we might think in certain ways. So I started developing this curiosity of could I study human behavior more and differently from conventional studies? I wanted to seek something else and that's how I ended up studying differently organizations. So systemically, I mean the discipline is called system psychodynamics, but the idea is that you also take the more unconscious processes that operate within us and in working relations and then in bigger systems. Still the goal and the principle behind it is how can we understand human behavior so that we can actually address it differently but not, not from also I would say almost god-like thinking that if I were to control it fully, then that's how it would work. Stephen Matini: And eventually you learned that there's something that escapes analysis, you know, that you cannot quite frame. I think there's a huge element of craftsmanship in any job. Early on you started to become really interested in the whole notion of flat structures, bottom up, top down and then it even your own podcast, you know, it's the whole notion of lateral leadership is such a central component. How did you get there? Why? Why is this specific angle so important to you? Petros Oratis: I would say both the hard data, the intuition are, are what working jointly. So you can't, you can't split either or right? And I think that's what you exactly said. And the same thing I would apply to this idea of this very organic one could say type of leadership that you need to discover your role and you need to work through how you are going to lead with others. But at the same time that happens in a explicit structure. This tension, I think it's something that I discovered throughout practice that it is relevant for all of us and it becomes part of leadership. I think the interest on studying that more was when I started my doctorate I didn't know what I would research and I didn't know that would be the topic. I knew that I wanted to study something related to collaboration on that high level. And one of the early findings that was ...
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    33 mins

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