Icons and Ideas with Peter Mallouk

What does the future of investing look like as artificial intelligence, private markets and speculation reshape finance? Vanguard CEO Salim Ramji joins Creative Planning President and CEO Peter Mallouk on Icons and Ideas to discuss the principles that have made Vanguard one of the most influential investment firms in the world and how those principles are evolving for the next generation of investors. Salim also shares why Vanguard is acquiring Altruist and how the move could expand access to high-quality financial advice while empowering more independent advisors to serve more families. Salim shares how Vanguard is carrying forward Jack Bogle’s legacy of low-cost, diversified, long-term investing while expanding into areas including ETFs, fixed income, private markets and financial advice. He and Peter also explore the growing divide between investing and speculation, Vanguard’s approach to Bitcoin and prediction markets, and why AI could dramatically expand access to high-quality financial advice. Salim also reflects on leadership, Vanguard’s unique culture and the simple advice that changed the trajectory of his career. What You’ll Learn ✅ Why Vanguard continues to prioritize low-cost, diversified and long-term investing ✅ How Salim Ramji thinks about private markets, Bitcoin and the rise of speculative investing ✅ Why AI could transform financial advice and expand access for millions of Americans ✅ How Jack Bogle’s philosophy continues to influence Vanguard’s strategy and culture This episode is brought to you by Blackstone . With proven performance for over 40 years, Blackstone’s investment strategies across private equity, real estate, credit and infrastructure are designed to help investors build wealth by diversifying portfolios beyond stocks and bonds. Learn more at Blackstone.com . Timestamps 00:00 The leadership advice that changed Salim Ramji’s career 01:49 Vanguard announces its acquisition of Altruist 07:00 Jack Bogle’s legacy and the evolution of Vanguard 09:55 The investing principles Vanguard refuses to change 15:38 Becoming the first outsider to lead Vanguard 21:16 Meme stocks and the line between investing and gambling 23:21 Vanguard’s position on Bitcoin and speculative investing 27:47 Why Vanguard is moving into private markets 32:18 Vanguard’s influence on corporate America 36:01 How AI could transform financial advice 45:06 Jack Bogle, mentorship and the future of leadership Key Takeaways 🔹 Vanguard’s products may evolve, but its core principles of low costs, diversification and long-term investing remain central to the firm’s philosophy. 🔹 Salim warns that meme stocks, prediction markets and other forms of speculation risk blurring the important distinction between investing and gambling. 🔹 Private markets could play a role in certain investor portfolios, but Salim believes greater transparency and more client-friendly fees are essential. 🔹 AI has the potential to complement human financial advisors while expanding access to financial advice for Americans who currently can’t afford or access an advisor. About Salim Ramji Salim Ramji is Chief Executive Officer of Vanguard and a member of the firm’s board of directors, leading 20,000 crew dedicated to giving all investors the best chance for investment success. Founded in 1975, Vanguard provides investments, advice and retirement services to more than 50 million individual investors around the world through direct investing, workplace plans and financial intermediaries. Throughout his career, Salim has worked to make investing more accessible and empower investors to prepare for a secure retirement. Prior to joining Vanguard in July 2024, he spent 30 years in leadership roles spanning investments, capital markets and wealth management. Salim holds a bachelor’s degree in economics and politics from the University of Toronto and an M.A. in law from Cambridge University. He’s also a CFA® charterholder. Website: https://investor.vanguard.com/ LinkedIn: https://www.linkedin.com/in/salim-ramji/ Jack Bogle Sponsored By This episode is brought to you by Blackstone. With proven performance for over 40 years, Blackstone’s investment strategies across private equity, real estate, credit and infrastructure are designed to help investors build wealth by diversifying portfolios beyond stocks and bonds. This episode includes an advertisement by the sponsor. The advertisement does not constitute or imply an endorsement, recommendation or affiliation between the sponsor and Creative Planning. Connect With Peter Mallouk Website: Peter Mallouk - President and CEO - Creative Planning X (Twitter): @PeterMallouk LinkedIn Peter Mallouk on LinkedIn Instagram: @peter_mallouk Facebook: Official Peter Mallouk Follow Creative Planning X (Twitter): @CPIWealth LinkedIn: Creative Planning on LinkedIn Instagram: @creativeplanning_llc Facebook: Creative Planning Facebook Page Browse More Icons and Ideas Episodes YouTube Playlist: Watch the Full Icons and Ideas Playlist Official Website: Icons and Ideas Podcast Check Out Peter’s Other Podcasts Signal or Noise: Watch Signal or Noise on YouTube Down The Middle: Listen to Down The Middle on Spotify

What does it actually mean to be wealthy? Bestselling author Morgan Housel joins Peter Mallouk to explore why building wealth has less to do with intelligence and more to do with behavior, independence and understanding what money is really for. Morgan shares the thinking behind “The Psychology of Money,” why every U.S. publisher initially rejected the book, and the stories that shaped his approach to money and investing. He explains why financial success is often driven by behavior rather than knowledge, why getting rich and staying rich require different skills, and why some of the best financial decisions can’t be measured on a spreadsheet. Morgan addresses the difference between being rich and being wealthy, raising kids with healthy money habits, taking risks, dealing with success and defining "enough" in his refreshingly human perspective on building wealth and living a meaningful life. What You'll Learn in This Episode ✅ Why financial behavior can matter more than intelligence when building long-term wealth ✅ The difference between being rich and being truly wealthy and why Morgan defines wealth through independence ✅ Why the mathematically "best" financial decision isn't always the best decision for your life ✅ How risk, expectations, happiness and knowing when you have "enough" can shape financial success This episode is brought to you by Avantis Investors. Broad diversification and thoughtful implementation. Daily oversight and low fees. You don’t have to choose. Start saying “and.” Talk to your advisor about Avantis and visit avantisinvestors.com . Timestamps (00:00) “The Psychology of Money”, Wealth and What Actually Makes You Rich (01:33) Why Morgan Housel's writing resonates around the world (06:39) Why behavior matters more than intelligence with money (13:49) Why we've “solved” investing but not investor behaviors (18:38) The avalanche tragedy that changed Morgan's view of risk (26:01) Why wealthy people can still lose everything (30:47) The difference between being rich and wealthy (36:05) Why Morgan paid off a low-interest mortgage (40:26) How successful investors think about market volatility (47:51) Teaching kids healthy money habits Key Takeaways 🔹Financial success is behavioral. Intelligence and financial knowledge matter, but how you behave with money can ultimately matter even more. 🔹 Wealth is about independence. Morgan distinguishes being rich from being wealthy by the freedom your financial resources give you over your time and decisions. 🔹 Not every return belongs in a spreadsheet. Peace of mind, stability, flexibility and sleeping well at night can have tremendous value even when they aren't mathematically optimal. 🔹 Lead by example with money. When teaching children about finances, Morgan believes everyday behavior can have more influence than lectures about what they should or shouldn't do. About Morgan Housel Morgan Housel is the New York Times Bestselling author of The Psychology of Money , The Art of Spending Money , and Same As Ever. His books have sold over 12 million copies and have been translated into more than 60 languages. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. MarketWatch named him one of the 50 most influential people in markets. He's a partner at The Collaborative Fund and serves on the board of directors at Markel. Website: https://www.morganhousel.com/ X: https://x.com/morganhousel YouTube: https://www.youtube.com/@Morgan-Housel LinkedIn: linkedin.com/in/morgan-housel-5b473821 Sponsored By This episode is brought to you by Avantis Investors. With strategies designed around broad diversification, thoughtful implementation, daily oversight and low fees, Avantis helps investors say “and” instead of “or.” Talk to your advisor about Avantis and visit avantisinvestors.com . This episode includes an advertisement by the sponsor. The advertisement does not constitute or imply an endorsement, recommendation or affiliation between the sponsor and Creative Planning. Connect with Peter Mallouk Website: Peter Mallouk - President & CEO - Creative Planning X (Twitter): @PeterMallouk LinkedIn: Peter Mallouk on LinkedIn Instagram: @peter_mallouk Facebook: Official Peter Mallouk Follow Creative Planning X (Twitter): @CPIWealth LinkedIn: Creative Planning on LinkedIn Instagram: @creativeplanning_llc Facebook: Creative Planning Facebook Page Browse More Icons and Ideas Episodes YouTube Playlist: Watch the Full Icons and Ideas Playlist Official Website: Icons and Ideas Podcast Check Out Peter’s Other Podcasts Signal or Noise: Watch Signal or Noise on YouTube Down The Middle: Listen to Down The Middle on Spotify

What does great leadership look like in today's rapidly changing world? Harvey Schwartz believes it begins with opportunity, resilience, continuous learning and investing in people. On Icons and Ideas , Peter Mallouk sits down with Harvey Schwartz, CEO of Carlyle, to discuss leadership, private markets, investing, artificial intelligence and the mindset needed to succeed in uncertain times. Harvey shares his journey from a challenging childhood to leading one of the world's largest investment firms. He reflects on the mentors and opportunities that shaped his career, lessons from Goldman Sachs and why culture, trust and disciplined decision-making drive long-term success. Peter and Harvey also explore private equity, AI, global markets and the future of investing, offering practical insights for leaders, entrepreneurs, investors and anyone looking to build resilience and lead with purpose. The following episode contains discussions about mental health and suicide. Listener discretion is advised. Please visit nami.org for more information or to connect with a mental health professional. What You'll Learn ✅ The leadership lessons that helped Harvey Schwartz become CEO of Carlyle ✅ Why resilience, mentorship and continuous learning are essential for leadership ✅ How private markets, private equity and AI are reshaping the future of investing ✅ The leadership habits that help organizations succeed during uncertainty This episode is brought to you by State Street Select Sector SPDR ETFs. Invest where you see opportunity with the 11 Select Sector SPDR ETFs. StateStreet.com Timestamps (00:00) Leadership, Resilience and the Future of Private Markets (01:48) Growing up with parents battling mental illness (05:55) The mentors and opportunities that shaped Harvey's life (13:59) Mental health, resilience and overcoming adversity (18:38) Harvey's journey from Wall Street to CEO of Carlyle (28:17) The future of private markets and investing (33:42) Private credit, diversification and long-term investing (42:11) Geopolitics, national security and global markets (44:19) Inflation, interest rates and portfolio strategy (49:56) Leadership lessons and the future of private capital Key Takeaways 🔹 Leadership isn't about having all the answers. It's about building trust, making thoughtful decisions and learning through adversity. 🔹 Private markets continue to create opportunities for investors seeking diversification, innovation and long-term value. 🔹 Artificial intelligence will transform business, but human judgment, culture and leadership will remain competitive advantages. 🔹 The most successful leaders embrace lifelong learning, seek mentorship and invest in developing great teams. About the Guest Harvey Schwartz is the Chief Executive Officer and a member of the Board of Directors at Carlyle, one of the world's leading global investment firms. Before joining Carlyle in 2023, he spent more than 20 years at Goldman Sachs, where he served as President and Co-Chief Operating Officer, Chief Financial Officer and Global Co-Head of the Securities Division. Harvey is also an advocate for mental health research and leadership development through his work with One Mind. He earned his BA from Rutgers University and his MBA from Columbia University. Carlyle: carlyle.com LinkedIn: LinkedIn Harvey Schwartz Sponsored By: This episode is brought to you by State Street Select Sector SPDR ETFs. Invest where you see opportunity with the 11 Select Sector SPDR ETFs. StateStreet.com This episode includes an advertisement by the sponsor. The advertisement does not constitute or imply an endorsement, recommendation or affiliation between the sponsor and Creative Planning. Connect with Peter Mallouk Website: Peter Mallouk - President & CEO - Creative Planning X (Twitter): @PeterMallouk LinkedIn: Peter Mallouk on LinkedIn Instagram: @peter_mallouk Facebook: Official Peter Mallouk Follow Creative Planning X (Twitter): @CPIWealth LinkedIn: Creative Planning on LinkedIn Instagram: @creativeplanning_llc Facebook: Creative Planning Facebook Page Browse More Icons and Ideas Episodes YouTube Playlist: Watch the Full Icons and Ideas Playlist Official Website: Icons and Ideas Podcast Check Out Peter’s Other Podcasts Signal or Noise: Watch Signal or Noise on YouTube Down The Middle: Listen to Down The Middle on Spotify

What do world leaders, celebrities, activists and ordinary people reveal when they think no one is watching? Legendary photographer Platon joins Peter Mallouk for a remarkable conversation about trust, vulnerability, leadership and the human stories behind some of the most iconic portraits ever captured. Having photographed presidents, prime ministers, Nobel Peace Prize winners, business leaders, artists and activists around the world, Platon explains how authentic human connection allows him to reveal the real person behind power. From photographing Donald Trump, Vladimir Putin, Bill Clinton, Barack Obama and Jimmy Carter to documenting human rights defenders in conflict zones, Platon shares extraordinary stories that redefine leadership, courage, curiosity and empathy. More than a conversation about photography, this episode explores why curiosity matters, how vulnerability creates trust and what business leaders can learn about bringing people together in an increasingly divided world. Whether you're a leader, entrepreneur, creative professional, photographer, or simply fascinated by human behavior, this episode offers timeless lessons on communication, influence and authentic connection. What You'll Learn in This Episode: ✅ How Platon's Greek village childhood and dyslexia shaped his fearless approach to people ✅ What Clinton, Obama, Bush, Trump and Putin are really like behind closed doors ✅ The technique Platon uses to disarm even the most powerful people in the world ✅ Why business leaders, not politicians, are the real champions of our time This episode includes a paid advertisement purchased by a sponsor for placement on a Creative Planning podcast. The advertisement does not constitute or imply an endorsement, recommendation or affiliation between the sponsor and Creative Planning Timestamps (00:00) Platon on growing up between London and a Greek village (02:20) Dyslexia, running away from school and the corridor of no man's land (05:30) Art school, contour drawing and discovering photography (10:10) How a camera changes the dynamic in any room (14:40) JFK Jr., George Magazine and the deal that launched a career (19:48) Photographing President Clinton — and the moment that divided a nation (28:34) Politics as the new religion and the crisis of polarization (31:36) Why business leaders are the champions of our time (33:39) Dustin Hoffman, 200 white roses and people power (39:37) Photographing Putin — intimidation, the Beatles and a subliminal message (45:20) Egypt, the Arab Spring and building a studio in Tahrir Square (49:27) The Little Rock Nine and the photograph that hangs in the Smithsonian (52:47) Clinton, Obama, Bush, Carter and Trump — the presidents compared (1:02:20) The very first shoot: Anthony Hopkins, a panic attack and the lesson that changed everything Key Takeaways 💎 True human connection requires going first — with honesty, openness and courage — regardless of who’s in the room. 💎 Power is a social construct, and the ability to see through it is what allows Platon to capture truth on film. 💎 Vulnerability isn’t weakness — it’s the only currency that creates real trust between people. 💎 Business leaders, not politicians, are the force most capable of pulling a polarized society back together. About the Guest Platon is one of the world's most celebrated portrait photographers, known for his iconic images of presidents, world leaders, activists and cultural figures. Born in London and raised between England and a small Greek village, Platon studied at Central Saint Martins before being discovered by John F. Kennedy Jr. for George Magazine. His work has appeared on the covers of TIME, The New Yorker, Esquire and Rolling Stone. His portrait of Putin is classified as extremist material in Russia — and sits on Putin's desk. He’s a passionate advocate for human rights, authentic connection and the power of curiosity over judgment. Connect With Platon Instagram: @platonphoto Website: platonphoto.com RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook Browse through all our episodes here . Like the Icons and Ideas podcast? Check out Peter’s other podcasts! Signal or Noise Down the Middle

Former U.S. Secretary of State Condoleezza Rice joins Peter Mallouk to discuss leadership, global politics, China, Russia, NATO, 9/11, artificial intelligence and the future of world power. On this episode of Icons and Ideas, Condoleezza Rice, the 66th U.S. Secretary of State and current Tad and Dianne Taube Director of the Hoover Institution at Stanford University, shares how growing up during the Civil Rights Movement shaped her leadership philosophy and reflects on the high-pressure decisions made during 9/11, Iraq, Afghanistan and the evolving Russia-Ukraine conflict. The conversation also explores globalization, China’s rise, artificial intelligence, democracy and the future of international relations in a rapidly changing world. What You Will Learn in This Episode: ✅ How Secretary Condoleezza Rice’s childhood in segregated Birmingham shaped her leadership mindset ✅ The behind-the-scenes decisions made during the first hours of 9/11 ✅ Why China, Russia, NATO and global power dynamics are rapidly changing ✅ How globalization, AI, and populism are reshaping the future economy and workforce This episode is brought to you by BlackRock. What if your portfolio could do more than invest for returns — what if it could help you keep more of what you earn? BlackRock’s Aperio tax-managed solutions are designed to help do just that. Learn more . Timestamps 00:00 Secretary Condoleezza Rice on growing up in segregated Birmingham 02:20 Faith, family, education and overcoming adversity 03:38 Inside the first moments of the 9/11 attacks 07:48 Lessons learned from 9/11 and Homeland Security 09:20 Secretary Condoleezza Rice reflects on Iraq and weapons of mass destruction 12:18 Vladimir Putin, NATO and the Russia-Ukraine conflict 17:13 Trump, Putin and the Russia-Ukraine War: Condoleezza Rice on global conflict, NATO tensions and why Putin refuses to back down 19:14 National security, intelligence and understanding global threats 21:05 Leadership as a Black woman in government and diplomacy 26:50 Israel, Palestine and the challenges of peace negotiations 27:25 China, globalization and the future of world power 35:20 Globalization, populism and the changing world order 39:54 Artificial intelligence, jobs and the future workforce 40:10 President George W. Bush and leadership during crisis Key Takeaways 💎 Secretary Condoleezza Rice believes leadership starts with resilience, personal responsibility and refusing to see yourself as limited by circumstances. 💎 The aftermath of 9/11 fundamentally changed America’s national security infrastructure, intelligence coordination and global strategy. 💎 China’s rise, Russia’s aggression and the breakdown of globalization are reshaping international politics and economic systems. 💎 Rice believes the future of leadership will require balancing military strength, innovation, diplomacy and global cooperation. This episode includes a paid advertisement purchased by a sponsor for placement on a Creative Planning podcast. The advertisement does not constitute or imply an endorsement, recommendation or affiliation between the sponsor and Creative Planning. About the Guest Condoleezza Rice, the 66th U.S. Secretary of State and current Tad and Dianne Taube Director of the Hoover Institution at Stanford University, is a political scientist, diplomat, professor and author who previously served as both United States Secretary of State and National Security Advisor under President George W. Bush. With decades of experience in foreign policy, global security, democracy and international relations, she remains one of the most influential voices in global leadership and world affairs. Connect with Condoleezza Rice LinkedIn: Condoleezza Rice on LinkedIn Condoleezza Rice at Hoover Institution Instagram: @condoleezzarice Condoleezza Rice on Facebook Resources & Links Sponsored By: This episode is brought to you by BlackRock. What if your portfolio could do more than invest for returns — what if it could help you keep more of what you earn? BlackRock’s Aperio tax-managed solutions are designed to help do just that. Learn more . Connect with Peter Mallouk • X (Twitter): @PeterMallouk • LinkedIn: Peter Mallouk on LinkedIn • Instagram: @peter_mallouk • Facebook: Official Peter Mallouk Follow Creative Planning • X (Twitter): @CPIWealth • Creative Planning on LinkedIn • Instagram: @creativeplanning_llc • Creative Planning Facebook Page Browse More Icons and Ideas Episodes • Watch the Full Icons and Ideas Playlist • Official Website: Icons and Ideas Podcast Check Out Peter’s Other Podcasts • Watch Signal or Noise on YouTube • Listen to Down The Middle on Spotify

How are artificial intelligence, private markets and private credit changing the future of investing? They’re transforming how investors build wealth, diversify portfolios and access new opportunities beyond traditional public markets. Franklin Templeton CEO Jenny Johnson joins Peter Mallouk to explain how AI is reshaping financial services, why private equity and private credit are becoming essential portfolio tools, and what investors need to know about the future of wealth management. Jenny shares her journey from the Franklin Templeton mail room to leading one of the world's largest asset managers, overseeing $1.7 trillion in assets. She explains how AI, blockchain, tokenization and technological innovation are changing investing, why leadership and culture matter more than ever, and how investors can think differently about public and private markets. What You'll Learn in This Episode ✅ Why AI, blockchain and tokenization are transforming investing and financial services ✅ How private equity and private credit are reshaping modern investment portfolios ✅ The leadership lessons Jenny learned while leading a $1.7 trillion asset manager ✅ Why innovation, adaptability and strong culture are becoming competitive advantages in business Visit PeterMallouk.com for more conversations with world-class leaders, authors and experts on investing, leadership and living a meaningful life. Timestamps 00:00 AI, private markets and the future of investing 01:28 From the mail room to CEO 03:05 Leadership lessons and managing change 05:52 Why AI is moving faster than anyone expected 09:03 The rise of private markets 13:16 Should everyday investors own private equity? 16:58 Private credit, AI and market opportunities 23:45 AI, blockchain, tokenization and the future 25:46 Growing Franklin Templeton through acquisitions 31:10 Developing future leaders 35:30 Jenny’s vision for Franklin Templeton Key Takeaways 🔹 Artificial intelligence will transform investing, productivity and financial services, but organizations must adapt quickly to keep pace. 🔹 Private equity and private credit provide investors with access to opportunities that increasingly exist outside the public markets. 🔹 Great leadership is built on strong teams, continuous learning, adaptability and a willingness to embrace change. 🔹 Technology, innovation and client-first thinking will shape the next generation of successful businesses. About Jenny Johnson Jenny Johnson is the President and Chief Executive Officer of Franklin Templeton, a global investment management firm overseeing approximately $1.7 trillion in assets. After beginning her career in the company's mail room and working across nearly every area of the business, she now leads one of the world's largest asset managers. Johnson is widely recognized for her expertise in leadership, artificial intelligence, private markets, technology and innovation and has been named one of the World's Most Powerful Women by Forbes. Website: https://www.franklintempleton.com/profiles/jenny-johnson LinkedIn: https://www.linkedin.com/in/jennyjohnsonfranklintempleton/ RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook Browse through all our episodes here . Like the Icons and Ideas podcast? Check out Peter’s other podcasts! Signal or Noise Down the Middle

What’s really changing in investing — and what’s just hype? Peter Mallouk sits down with Charles Schwab CEO Rick Wurster to talk through the trends that matter most right now: the rise of convenience as a competitive advantage, what prediction markets actually tell us (and what they don’t), Schwab’s evolving view on digital assets, and whether AI will make financial advice faster and more personal or just harder to trust. They also dig into why the human side of planning still wins when the stakes are high and the decisions are emotional. It’s a candid look at how one of the industry’s biggest players is thinking about your money. (00:00) Schwab’s client-first approach and what it means for everyday investors (02:16) The big shifts Rick thinks will shape investors’ decisions (04:13) Prediction markets: useful signals vs. sports gambling (08:21) Digital assets: speculation, crypto and what clients are asking for (11:08) Wurster explains fee increases for its advisor referral program (15:55) Why Schwab disrupts itself and how “convenience” is changing the industry (18:03) Blockchain and stablecoins: what might actually be useful (21:34) AI and financial advice: what may get faster and more personal (and what won’t) (26:43) What Schwab is building next and why it matters for your money (27:54) Staying calm and rational as things change RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook Browse through all our episodes here . Like the Icons and Ideas podcast? Check out Peter’s other podcasts! Signal or Noise Down the Middle

Join Creative Planning President and CEO Peter Mallouk and Vista Equity Partners Founder, Chairman and CEO Robert Smith for a conversation on AI in enterprise software and what it means for investors. They explore how AI agents are reshaping SaaS business models, why mission-critical systems must be highly accurate and how enterprise AI is shifting value from seat-based pricing to measurable outcomes. They also discuss durable value creation, market volatility and how long-term investors can stay focused when headlines move faster than fundamentals. (00:00) Introduction (01:24) How early exposure to tech shaped Robert’s edge (02:44) Lessons from Wall Street that still apply today (03:50) Why enterprise software can be a durable investment (04:29) “No finish line” — the mindset behind continuous improvement (06:21) Davos takeaways that matter for markets (07:03) Using AI without giving away enterprise value (09:06) Enterprise software, explained in plain English (an insurance example) (10:51) When “mostly right” can cost you money (12:16) What investors are getting wrong about AI and subscription software (14:00) From seats to agents: what this shift means for growth and pricing (16:34) Why some software is so hard to replace (19:03) The skills that still pay off as AI reshapes services (22:40) A better way to trust your gut: test, learn, repeat (24:56) Building teams that keep up with constant change (27:00) Discipline and excellence — the advantage that compounds (28:53) Where innovation is happening now (and how to keep up) (31:43) The messy middle: what change looks like before it works (36:25) Why no sector stays safe forever — and what to do instead (39:16) The Morehouse moment — and a mindset you can use now RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook Browse through all our episodes here . Like the Icons and Ideas podcast? Check out Peter’s other podcasts! Signal or Noise Down the Middle

Join Peter Mallouk and Tony Robbins for powerful strategies on emotional mastery, wealth building, and future-proofing your career. Discover why your emotional state controls your story, how to recognize and create patterns that drive success, and what questions to ask yourself that will transform your quality of life — no matter what's happening in the world around you. (00:03) Tony Robbins: why his work resonates and how it can impact your life (02:06) What “holistic” wealth planning means (03:25) Tony’s origin story: instability, family stress and learning emotional control (04:28) Emotional fitness, the need for challenges and what modern comfort costs us (06:07) A lesson on ego and receiving help when you need it (08:04) A simple three-step framework: focus, meaning and action (09:34) How to scale giving, from small local acts to global giving (12:15) Getting unstuck: separating your past from your future (13:28) Stress, scarcity and how gratitude and giving impact our lives (16:53) The lie people tell themselves: “I’ve tried everything” and reframing adversity (20:18) Money is emotional: what people really want (freedom, security and choice) (23:15) Investing principles: asymmetric risk, diversification and private equity (31:48) How to think clearly about markets: mentors, mental models and macro risk (36:52) How to create change: manage emotions, change your story and develop a strategy (44:25) AI disruption and how to recognize patterns in life (54:45) Living in a “beautiful state” and asking ourselves the right questions (1:03:30) Stanford research results and the Time to Rise Summit invitation (Jan. 29-31) RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook Browse through all our episodes here . Like the Icons and Ideas podcast? Check out Peter’s other podcasts! Signal or Noise Down the Middle

In this episode, Peter Mallouk sits down with Shawn Achor to explore what truly makes a happier, more meaningful life. They discuss why pursuing happiness isn’t selfish, how “happiness anxiety” holds many people back and why social connection is the strongest predictor of long-term well-being. They also touch on how money and success fit into a happy life. Through research, stories and practical habits, Shawn and Peter share ways to build more joy, gratitude and meaning in everyday life. (00:04) Introduction (00:20) From Divinity school to happiness research (06:07) How happiness anxiety robs us and others of joy (09:16) How extremes of optimism and pessimism lead to decision paralysis (10:34) Why social support and connection are key to happiness (13:27) How small happiness habits can reduce loneliness (16:03) How to practice gratitude and build social connections (22:39) Why practicing gratitude improves happiness (31:01) How lack of social connections increase depression (37:47) What we get wrong about happiness (42:55) Why comparison is the thief of joy (52:44) How small habits change systems RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook Browse through all our episodes here : Like the Icons and Ideas podcast? Check out Peter’s other podcasts! Signal or Noise Down the Middle

Peter sits down with economist, author and Wharton School professor Jeremy Siegel for a candid conversation on the economic forces impacting Americans today. Siegel’s rigorous research and data-driven insights have long been influential in shaping investment strategies, explaining market behavior and understanding the impact of inflation on investment returns. When Siegel talks, investors pay attention. 00:00 Introduction 04:02 Why Jeremy argues stocks are the most stable asset class in the long term 07:40 What bonds can be good hedges against 09:16 The market, COVID-19 and the government’s response 15:00 Why more than one-third of Americans are priced out of the housing market 15:40 How deficit spending impacts the American economy 21:10 Siegel’s take on the biggest threats to the American economy 26:27 Trump’s tariffs and their impact on the economy 34:53 Cryptocurrency and how it could change the U.S. payment system 38:55 The shift toward private markets and equity 40:17 Siegel’s take on what makes Americans exceptional RESOURCES Follow Peter on his social media accounts: X | LinkedIn | Instagram | Facebook Follow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook

Retired four-star General David Petraeus, Partner, Chairman of the KKR Global Institute and Chairman of KKR Middle East, joins Peter Mallouk for a powerful conversation on today’s shifting global landscape. From the war in Ukraine to the rise of AI-driven warfare, Petraeus offers rare insight into where power is moving — and why it matters for investors. Together, they unpack how leadership, strategy and adaptability are redefining global stability and opportunity.

Apollo CEO Marc Rowan sits down with Peter Mallouk to discuss private credit's rise, market convergence and leading a global investment giant. Their conversation goes beyond finance, revealing the personal passions and perspectives that shape Marc’s approach to building one of the world’s largest private investment firms. At Creative Planning, we believe in looking at the full picture. That’s why these discussions — spanning the markets, leadership and life — matter.

Larry Fink sits down with Peter Mallouk at BlackRock’s Hudson Yards headquarters to recount his path from Southern California to Wall Street and how a $100M loss shaped BlackRock’s risk-first culture. He reflects on the mindset that separates owners from lenders, why optimism outperforms over time and how America’s “messiness” fuels innovation. The conversation weaves from deficits and private capital to crypto, AI and the enduring premium of human connection — all before turning to Fink’s legacy and vision for a firm built to last.