30 episodes

Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds!

Lagniappe Stokes Family Office

    • Business
    • 4.8 • 18 Ratings

Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds!

    Jamaul Ford: Combining Entrepreneurship With Service in New Orleans

    Jamaul Ford: Combining Entrepreneurship With Service in New Orleans

    In this episode, Jamaul Ford, a serial entrepreneur in New Orleans who runs High Level Speech and Hearing Center with his wife, Dr. Lana Joseph-Ford, talks with Greg and Doug about launching a product-based business alongside a service-based venture, the R&D behind Jamaul and Lana’s product Jrumz, why culture is invaluable within big and small operations, and the challenges and opportunities associated with launching a business in New Orleans.     

    Key Takeaways

    [00:23] - A brief introduction to Jamaul.

    [00:46] - How High Level Speech and Hearing Center came to fruition. 

    [04:28] - What the High Level Speech & Hearing Center looks like today.

    [06:35] - Why Jamaul and Lana developed Jrumz. 

    [10:27] - Why Jrumz has a better sound quality than AirPods. 

    [11:55] - What challenges Jamaul and Lana overcame starting their business versus launching a consumer products company.

    [16:02] - How to transition from direct-to-consumer to retail outlets and distribution. 

    [17:55] - The R&D process behind Jrumz. 

    [20:54] - What Jamaul is developing at Joseph Ford Enterprises. 

    [23:03] - How Jamaul, Doug, and Greg have experienced running a business in New Orleans and how they believe New Orleans can prosper. 


    Quotes
    [06:55] - “Most people don’t know this: as an entrepreneur, what we are, we are problem solvers, we typically identify what the problem is and try to come up with a solution.” ~ Jamaul Ford
    [15:21] - “Being product-based is really about building community. And when you’re trying to build community, it’s more or less like building people [who] are zealots of your product that are going to go out and tell other people. As much marketing, Facebook advertisement, these things you can do, still word of mouth is always going to be the thing that’s really going to push your product to the next level.” ~ Jamaul Ford
    [23:32] - “When it comes to building businesses in New Orleans, I really believe that you have to know the city, you have to know the needs of the city, know the people of the city, to know what to provide for the people of the city.” ~ Jamaul Ford
    [24:04] - “I do believe personally that it is important to master something in New Orleans and then transition it to the masses.” ~ Jamaul Ford

    Links 

    Jamaul Ford

    Dr. Lana Ford

    High Level Speech & Hearing Center 

    Jrumz Ear Wear

    Nicholls State University

    Xavier University 

    Waffle House 

    East Jefferson General Hospital

    Washington University in St. Louis

    AirPods 

    Target

    Best Buy

    Walmart 

    Facebook

    Walt Disney World

    Covington


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


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    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

    • 35 min
    Predicting Our Economic Future

    Predicting Our Economic Future

    This week, Doug and Greg discuss the confusing state of today’s economy, their predictions for economic growth and recovery years down the line, how the Feds can successfully avoid an economic recession, which parts of today’s inflation might stick around, and what you can control financially in a time of mass financial uncertainty.

    Key Takeaways

    [00:22] - What Greg’s thoughts are on Lisbon, Portugal vs. Madrid living.

    [03:55] - Are we in a recession or not? 

    [08:31] - What the economy may look like one year from today.

    [13:24] - How to translate recent earnings reports. 


    Quotes
    [04:45] - “The economy and the markets are two distinct things. The economy might be in a situation where it’s in a recession but the markets typically are forward-looking.” ~ Greg Stokes
    [15:20] - “If [the Feds] can somehow figure out a way to have a soft landing, which is what they’re trying to do by slowing down the economy, slowing down spending without causing a recession, I think that would be a pretty admirable result.” ~ Greg Stokes
    [19:51] - “If you’re not confused about what’s going on in the economy right now, then you really don’t know anything about economics is a way to think about it. Because this is a completely unprecedented period.” ~ Doug Stokes

    Links 

    Spending, Statistics, and Why Midterms Matter

    Mortgage News Daily

    J.P. Morgan’s Guide to the Markets

    Walmart Q22 Earnings

    Amazon Q22 Earnings

    Bill Ackman

    Jerome Powell 


    The Wall Street Journal 


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

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    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

    • 23 min
    Spending, Statistics, and Why Midterms Matter

    Spending, Statistics, and Why Midterms Matter

    This week, Doug and Greg discuss how consumers and big business are responding to sky-high inflation, which income bracket is struggling the hardest and which brands are selling out faster, the bright side to a recession in vibes, why midterms matter, and why despite it all, the market is up. 

    Key Takeaways

    [00:16] - What inflation means for consumer spending and where prices have (surprisingly) gone down. 

    [05:29] - Why despite the constant bad news, the market is looking up.

    [15:12] - A guessing game for Greg. 

    [19:54] - Why midterm years matter. 


    Quotes
    [10:00] - “Things are bad, but the market ebbs and flows and generally overcorrects on the downside and overcorrects on the upside, and people that stick with a game plan end up working out.” ~ Doug Stokes
    [10:16] - “One of our clients told me one time that things are never as good or as bad as they seem. And you’re right, things have seemed very bad lately.” ~ Greg Stokes
    [13:39] - “I’m optimistic on the future and I think that if you extend your time or horizon long enough and if you look at prior data after the declines that we’ve seen recently, usually it’s a setup for a positive outlook going forward.” ~ Doug Stokes

    Links 

    Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers

    The Upper Middle Class is Getting Squeezed

    Busch Light

    Keystone Light 

    Walmart 

    WCI Shanghai To Los Angeles Shipping Index 

    Understanding America’s History and Modern Markets

    AT&T Quarterly Earnings Report 

    BlackRock July 2022 Highlights

    Consumer Confidence Falls Again in June

    FiveThirtyEight

    New Orleans Saints


    New Orleans Pelicans 


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

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    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

    • 26 min
    Positivity and Problem Solving with Richard Chen

    Positivity and Problem Solving with Richard Chen

    This week, Richard Chen talks with Doug and Greg Stokes about overcoming obstacles and becoming a successful attorney, what the ultimate value-add is for both Rich and the advisors he serves, what prompted Rich to launch his own firm, and how Rich experiences life to the fullest without eyesight. 

    Key Takeaways

    [01:12] - A brief introduction to Rich. 

    [03:48] - Rich’s journey with sight.

    [04:44] - How Rich operates a law firm without sight. 

    [06:15] - How Rich remained competitive in school and his field despite physical disadvantages. 

    [07:50] - What life is like in the Azores. 

    [08:35] - Where Rich likes to travel and his day-to-day rec routine. 

    [10:32] - A typical day in the life of Rich Chen. 

    [11:58] - Why Rich launched his own firm. 

    [13:54] - How Rich perceives natural beauty without physical sight.

    [16:03] - What country transformed Rich’s perspective. 

    [17:36] - What values are most important to Rich. 


    Quotes
    [03:34] - “It’s a real privilege to be able to serve RIAs and to really help them grow their business.” ~ Richard Chen
    [07:11] - “To this day I can’t recall ever thinking, ‘I can’t do this.’” ~ Richard Chen
    [15:42] - “Life is too short to focus on what you can’t do and what you can’t experience. There are so many things out there to experience that it’s better just to look forward to what you can do and the possibilities out there.” ~ Richard Chen
    [20:11] - “Humility is so important because there’s always something we can learn from everybody. I always try to take that attitude.”~ Richard Chen

    Links 

    Richard Chen

    Richard L. Chen PLLC

    Text-to-speech output 

    Creating Financial and Humanitarian Change with Jonathan Shafer


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

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    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

    • 22 min
    Optics, Opportunity, and the Stock-Based Psyche

    Optics, Opportunity, and the Stock-Based Psyche

    This week, Doug Stokes and Greg Stokes discuss the state of corporate America, why stock-based investors should treat dividends like rent, the fluctuation of global currency, and why the Federal Reserve is stoking your recession-based fears. 

    Key Takeaways

    [00:31] - What to make of the dividends increase per share versus price increase per share. 

    [05:15] - What the current housing market means for a potential recession. 

    [08:42] - Why it feels like a recession is approaching.

    [11:39] - The implications, opportunities, and root causes of the decline in value of European currency. 


    Quotes
    [02:06] - “If you were a real estate investor, even though the value of your property was down you probably didn’t know it. If your rents were up 14% over the last twelve months – you wouldn’t really care what the actual value of the property was. The same thing should apply to stock-based investing. In the case of dividends appreciating by 14%, even though the value has fluctuated, and fluctuated negatively, over the last twelve months, your ‘rents’ or your dividends are up 14%. ” ~ Greg Stokes
    [04:45] - “In essence, if you buy in great companies that have pricing power and are able to pass through increased costs to their customers and then increase the dividends paid to you, that’s something to treat like a piece of property and collect your rents, your increased rents, year over year.” ~ Doug Stokes
    [11:29] - “Whether there’s a recession or not, it seems like the best place to be is in the U.S. markets currently. We’re actually seeing that in currency movements.” ~ Doug Stokes

    Links 

    Charlie Bilello

    Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic (Redfin)

    The Organic Food Hoax (Hoover Institution)

    Le Figaro

    Lagniappe: Understanding Argentinian Markets with Santiago Solanet

    Fidelity

    Charles Schwab


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

    • 26 min
    Understanding America’s History and Modern Markets

    Understanding America’s History and Modern Markets

    This week, Doug Stokes and Greg Stokes discuss the unique and successful American experiment, what’s going on with the U.S. housing market, when inflation will eventually end, and what they believe is an even bigger issue than inflation itself. 

    Key Takeaways

    [00:47] - What the American experiment (and America itself) means to Greg and Doug.

    [10:51] - The state of the U.S. housing market.

    [16:15] - What Doug believes inflation will look like one to two years from now. 

    [18:48] - When will this bear market end? 

    [21:07] - What’s priced into the market, what the market believes will happen, and what Greg thinks will actually happen coming out of this period. 


    Quotes
    [13:18] - “The last major recession was a housing-led recession and a housing crisis which led to a global financial crisis. And I think people are looking for the same signs of cracks in the system in housing and I don’t think that’s necessarily the case. I think this is probably a manufactured slowdown in housing.” ~ Doug Stokes
    [17:29] “I really don’t see high inflation for long periods of time. I’m not considering that as a high probability outcome although it could be the case. I think the more scary situation is that the federal reserve overshoots its raising rates to the point where it pushes the economy into a recession.” ~ Doug Stokes
    [18:55] ~ “The comforting thing to me is that it will eventually end. This market will eventually turn into a bull market and I think that there are some psychological aspects to it as well that I think are promising. But also from just a historical timing standpoint, the average bear market lasts about six months.” ~ Greg Stokes

    Links 
    Bill McBride 

    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

    • 26 min

Customer Reviews

4.8 out of 5
18 Ratings

18 Ratings

Willy Beamon ,

Very informative

These guys really know their stuff. Very helpful to have a comprehensive overview of the markets from guys who know what they’re talking about.

domepatrol06 ,

great show

love the take on forecasting. obviously brotherly chemistry makes for an easy listen

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