51 min
Catching Fish in Muddy Waters: Fairfax claims, Uninsured CA Flood Victims and New Minnesota Brokerage RiskCellar
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- Management
Join us as we kick off with a whimsical wine tasting, trying out a Chardonnay that hails from Yolo County, affectionately named "69 Miles." While we're candid about our preference for reds, we don't hold back on sharing our thoughts about this perfumatic white's tropical and vanilla notes. But wine enthusiasts, beware – we have a hunch that this one might come with a side of regret if you overindulge. Our tasting may have started on a light note, but we swiftly pivot to the more sobering topic of insurance headlines, discussing the repercussions of the controversial Muddy Waters Report on Fairfax, the financial aftermath of uninsured flood losses in California, and the unfortunate blaze at Lutzen ski resort. Stick around as we also share some insights on local brokerage developments right here in Minnesota.
Now we don't just sip and savor – we scrutinize and speculate. The conversation heats up with a thorough examination of the serious allegations levied against Fairfax Holdings by Muddy Waters. Listen in as we unravel the complex tapestry of accounting practices and investments that have stirred up the insurance world, while reminiscing about personal encounters with Fairfax's executives. The stark comparison between Fairfax and the colossal Berkshire Hathaway sets the backdrop for a rich discussion on the nuances of the insurance industry's reaction to these claims.
Wrap up this episode with us as we reflect on the broader industry trends and generational shifts. We ponder the potential oversaturation of brokerage firms in the Minnesota market, questioning the space for new entrants amidst industry giants. Moreover, we dive into the changing media landscape and its impact across generations, contrasting the social habits of Gen Z with millennials, and chuckling over our own trysts with LinkedIn content creation. So pour yourself a glass (red or white, we won't judge) and tune in for a blend of light-hearted banter and in-depth industry analysis that you won't want to miss.
Timestamps
0:00 Today's wine: Yolo county chardonnay
3:21 Today's topics
4:05 Muddy Waters report on Fairfax manipulation of asset's values
11:41 Floods and natural disasters in California where most people are uninsured
16:55 Burnt lodge in Lutsen, Minnesota
23:09 Talking about Superbowl
25:26 Shoutout to Riedell's roller skates
29:01 New brokage in town in Minnesota: is there room for a new firm in a saturated market?
33:55 Who performs better today: generalists or specialist sellers?
38:58 Talking about Fargo, Curb, and gen Z habits
43:24 Social media, depression, and age gating
Connect with RiskCellar:
Website: https://www.riskcellar.com/
Brandon Schuh:
Facebook: https://www.facebook.com/profile.php?id=61552710523314
LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/
Instagram: https://www.instagram.com/schuhpapa/
Nick Hartmann:
LinkedIn: https://www.linkedin.com/in/nickjhartmann/
Join us as we kick off with a whimsical wine tasting, trying out a Chardonnay that hails from Yolo County, affectionately named "69 Miles." While we're candid about our preference for reds, we don't hold back on sharing our thoughts about this perfumatic white's tropical and vanilla notes. But wine enthusiasts, beware – we have a hunch that this one might come with a side of regret if you overindulge. Our tasting may have started on a light note, but we swiftly pivot to the more sobering topic of insurance headlines, discussing the repercussions of the controversial Muddy Waters Report on Fairfax, the financial aftermath of uninsured flood losses in California, and the unfortunate blaze at Lutzen ski resort. Stick around as we also share some insights on local brokerage developments right here in Minnesota.
Now we don't just sip and savor – we scrutinize and speculate. The conversation heats up with a thorough examination of the serious allegations levied against Fairfax Holdings by Muddy Waters. Listen in as we unravel the complex tapestry of accounting practices and investments that have stirred up the insurance world, while reminiscing about personal encounters with Fairfax's executives. The stark comparison between Fairfax and the colossal Berkshire Hathaway sets the backdrop for a rich discussion on the nuances of the insurance industry's reaction to these claims.
Wrap up this episode with us as we reflect on the broader industry trends and generational shifts. We ponder the potential oversaturation of brokerage firms in the Minnesota market, questioning the space for new entrants amidst industry giants. Moreover, we dive into the changing media landscape and its impact across generations, contrasting the social habits of Gen Z with millennials, and chuckling over our own trysts with LinkedIn content creation. So pour yourself a glass (red or white, we won't judge) and tune in for a blend of light-hearted banter and in-depth industry analysis that you won't want to miss.
Timestamps
0:00 Today's wine: Yolo county chardonnay
3:21 Today's topics
4:05 Muddy Waters report on Fairfax manipulation of asset's values
11:41 Floods and natural disasters in California where most people are uninsured
16:55 Burnt lodge in Lutsen, Minnesota
23:09 Talking about Superbowl
25:26 Shoutout to Riedell's roller skates
29:01 New brokage in town in Minnesota: is there room for a new firm in a saturated market?
33:55 Who performs better today: generalists or specialist sellers?
38:58 Talking about Fargo, Curb, and gen Z habits
43:24 Social media, depression, and age gating
Connect with RiskCellar:
Website: https://www.riskcellar.com/
Brandon Schuh:
Facebook: https://www.facebook.com/profile.php?id=61552710523314
LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/
Instagram: https://www.instagram.com/schuhpapa/
Nick Hartmann:
LinkedIn: https://www.linkedin.com/in/nickjhartmann/
51 min