Carson Block: Muddy Waters 101
Transcript of Carson Block: Muddy Waters 101
-
7/21/2019 Carson Block: Muddy Waters 101
1/60
Fuccy _gtars 7
-
7/21/2019 Carson Block: Muddy Waters 101
2/60
Nhmtamts
Jhw E amcac up gm gntevest sjhrt sabbar.
Axpbhremo tja cys`umntehms h` tja ngpetgb
fgrdats. Fy `rgfawhrd gpprhgnj th sjhrt sabbemo.
^hfa jeojbeojts `rhf F_s pukbesjac
rasagrnj.
-
7/21/2019 Carson Block: Muddy Waters 101
3/60
JH_ E AMCAC Q\ GM GNSEPE^S
^JH[S ^ABBA[.
-
7/21/2019 Carson Block: Muddy Waters 101
4/60
Avarykhcy ngm `emc jef hr jarsab`. Chmt
dec yhursab` gkhut wjh yhu gra.
-
7/21/2019 Carson Block: Muddy Waters 101
5/60
Be`a gmc Kusemass Basshms
Bagrmac Ka emtabbantugbby cevarsa.
Mavar sthp bagrmemo.
Gef `hr festgdas, bagrm jhw th fgmgoaresd.
Bagrmac tjgt th umcarstgmc emvastemo em
kusemassas, whrd em hr stgrt hma! Sja fhst vgbugkba sdebb h` gbb em kusemass(gmc be`a)
-
7/21/2019 Carson Block: Muddy Waters 101
6/60
_jgt Cesgkusac Fa h` Mgevat
[_U
GSF^
GNBM ;
-
7/21/2019 Carson Block: Muddy Waters 101
7/60
AZ\BH[EMO SJA CU^@QMNSEHM^H@ SJA NG\ESGB FG[DAS^.
-
7/21/2019 Carson Block: Muddy Waters 101
8/60
Gucethrs Mht \rhtantemo
Emvasthrs [aprasamt tja emtarasts h` tjaer nbeamts tjapahpba wjh jera gmc pgy tjaf.
G prh`assehm tjgt rawgrcs `gebura.
G prh`assehm `eojtemo gogemst gnnhumtgkebety.
Bavab > `ger vgbua gnnhumtemo es prhkbafgten.
Gucets gra mht nbagm kebbs h` jagbtj tjay ch
mht catant `rguc.
Day gucet whrd chma ky iumehrs.
-
7/21/2019 Carson Block: Muddy Waters 101
9/60
^emh-@hrasts Kast @reamc9 A&U
tja fgihrety h` tja gnnhumts ranaevgkbagresemo `rhf sgbas h` stgmcemo tefkar gra
ragbezac tjrhuoj emstruntemo tja cakthrs thsattba tja gfhumts pgygkba hm stgmcemotefkar gmc htjar begkebeteas camhfemgtac em[amfemke.
-
7/21/2019 Carson Block: Muddy Waters 101
10/60
Srgmsbgtehm
51%+h` nhfpgmys raphrtac orhss prh`et em70 yagrs h` kaemo pukben mavar wamt emth
tja nhfpgmys kgmd gnnhumts!!!
-
7/21/2019 Carson Block: Muddy Waters 101
11/60
Fgmgoafamt
Emnamtevas gra h`tam sjhrt-tarf.
NAHs gra bgroaby njgresfgten.
Sja fhra sunnass`ub tja NAH, h`tam tjabass webbemo th ka jabc gnnhumtgkba.
Gmcraw @gsthw (AMA) whm N@HFgogzemaGwgrc `hr Axnabbamna em 7555.
-
7/21/2019 Carson Block: Muddy Waters 101
12/60
^pagdemo h` Gmcraw @gsthw
Esjfgab `rhf Fhky Cend9
Kut wjam g fgm suspants gmy wrhmo, etshfatefas jgppams tjgt e` ja ka gbragcyemvhbvac em tja fgttar, ja emsamsekby strevas th
nhvar up jes suspenehms avam `rhf jefsab`. Gmc
funj tjes wgy et wgs wetj fa. E sgec mhtjemogmc treac th tjemd mhtjemo.
-
7/21/2019 Carson Block: Muddy Waters 101
13/60
Khgrcs
^yfkehten rabgtehmsjep wetj NAHs.
Emsubgtac `rhf maobeoamna begkebety ky KI[,
emsubgtac `rhf htjar begkebety ky C&Hemsurgmna.
Fgmy ceranthrs veaw ceranthrsjeps gsparquesetas, mht rasphmsekebeteas.
Emcapamcamt emvasteogtehms h`tamsjgfkhben.
-
7/21/2019 Carson Block: Muddy Waters 101
14/60
Bgwyars Mh Avecamna th
^upphrt [aprasamt tja emtarasts h` tjaer nbeamts tjapahpba wjh jera gmc pgy tjaf.
\rasteoehus bgw `erfs gra g surpresemoby
a``anteva `eo bag`. Oragt gt wretemo emcanepjargkba prhsa.
Gtthrmay-Nbeamt prevebaoa jecas emmufargkba
gnts h` nhrphrgta wrhmochemo. T@rgucV bgwyars gra atarmgb. Ihjm
Jafpthm
-
7/21/2019 Carson Block: Muddy Waters 101
15/60
Bgwyars gt tjaer Kast em
NjemgGt bagst 5 pgem`ub axhmargtehms h` M.Gfarengm-bestac Njemg nhfpgmeas.
MW hma nhmnassehm `rhf ^jagrfgm &
^tarbemo9 Caspeta tja Emvasteogtehm Sagfs axtamseva raveaw h`chnufamts gmc cgtg prhvecac ky shurnas khtj wetjem gmc hutsecatja Nhfpgmy, tja Emvasteogtehm Sagf nhubc mht vare`y tjgt tjacavenas et nhbbantac gmc nhpeac nhmtgemac gbb rasphmseva em`hrfgtehmgt tja tefa tja nhpeas wara fgca. Hm fgmy cavenas, tja
Emvasteogtehm Sagf hksarvac emcengtehms tjgt shfa em`hrfgtehm feojtka fessemo, gmc tja Nhfpgmys fgmgoafamt gmc stg`` wara umgkbath prhveca g nracekba axpbgmgtehm `hr wjgt tja Emvasteogtehm Sagfhksarvac.
-
7/21/2019 Carson Block: Muddy Waters 101
16/60
Fgrdat [asagrnj @erfs Oevemo
Baoetefgny ^emh-@hrast & Iggddh \yry
@rhst & ^ubbevgm
MW Segmja
e[asagrnj & htjar axgfpbas `rhf Njemg
-
7/21/2019 Carson Block: Muddy Waters 101
17/60
Njemg & PEAs
Njemg es th sthnd `rguc gs ^ebenhm Pgbbay esth Sanjmhbhoy.
Emvasthrs jgva kanhfa nhfpbgnamt hmnagogem gkhut tja resds.
Mh `rgucstar `rhf Njemg jgs avar kaamfagmemo`ubby pumesjac `hr ca`rgucemo M.
Gfarengm emvasthrs.
-
7/21/2019 Carson Block: Muddy Waters 101
18/60
Njemg & PEAs
BestNh(Ngyfgm)
_@HAHpNh /
PEA
Njgerfgm7
-
7/21/2019 Carson Block: Muddy Waters 101
19/60
[abgtevaby Agsy th Ecamte`y Njemg
Nhfpgmy wetj @rguc [esd
Jeoj C^H
@aw tgmoekba gssats hm kgbgmna sjaat
Jeojby gnqueseteva / jeoj ngpax
Hutsezac orhss fgroems, orhwtj
Qmequa em rabegmna hm emtarfacegry nhumtarpgrteas
H`tam (sunnass`ubby) amtaremo maw kusemassas
Jeoj ravamua hr axpamsa nhmnamtrgtehms wetj nhumtarpgrteas
Qmaxpbgemac ngsj em tja PEA
Kusemass fhcabs tjgt chmt fgda samsa (a.o., rabegmna hm Ougmxe @gereas)
Hpgnety aspanegbby emnragsemo hvar tefa
Sgx pra`aramnas / rgtas tjgt chmt jhbc up
-
7/21/2019 Carson Block: Muddy Waters 101
20/60
FU @[GFA_H[D G\\[HGNJ
SH ^JH[S ^ABBEMO
-
7/21/2019 Carson Block: Muddy Waters 101
21/60
F_s ^anrat ^guna
Fubte-cesnepbemgry9 nhfkema parspantevas h`gtthrmays, emvastfamt prh`assehmgbs, gnnhumtgmts,amtrapramaurs, gmc emcustry spanegbests.
@hnus hm Kgndwgrc Bhhdemo gmgbyses.
E` wa cesbeda tja sanureteas, gmswar9 Chas tjafgrdat jgva g `umcgfamtgb fesumcarstgmcemogkhut tja nhfpgmy8
-
7/21/2019 Carson Block: Muddy Waters 101
22/60
-
7/21/2019 Carson Block: Muddy Waters 101
23/60
-
7/21/2019 Carson Block: Muddy Waters 101
24/60
[GZ Shhd Abbeshms Gcvena
!!
##$
#%#
$& $# $$
!"#$ &'()*(+ *, -./*
-
7/21/2019 Carson Block: Muddy Waters 101
25/60
[GZ9 :/7/7; ;/7/7>
-
7/21/2019 Carson Block: Muddy Waters 101
26/60
Gs h` ;/7/7> [GZ Hutsjhma
GDGF
-
7/21/2019 Carson Block: Muddy Waters 101
27/60
NAH Nhfpgreshm
[GZ GDGF
-
7/21/2019 Carson Block: Muddy Waters 101
28/60
-
7/21/2019 Carson Block: Muddy Waters 101
29/60
GDGF9 Bhmo ^eca Basshm8
-
7/21/2019 Carson Block: Muddy Waters 101
30/60
^hfa F_ [asagrnj Sgntens
Emetegbby gmgbyza fgmgoafamt gt g cestgmna wa stgrtwetj g `aw yagrs h` nhm`aramna ngbb trgmsnrepts.
Jhfa em hm [esd @gnthrs em gmmugbs gmc prhspantusas
h`tam hvarbhhdac.
\gy nbhsa gttamtehm th tgxas.
@bgo gmy B;, B> `ger vgbuac gssats, maogteva ohhcwebb,htjar seome`engmt gnnhumtemo prh`ets.
Catgebac D\E gmgbysas. [agc ^AN nhrrasphmcamna.
-
7/21/2019 Carson Block: Muddy Waters 101
31/60
KBMZ.BM9 prhkbafs jecemo em pbgem seojt.
7;/>7/7> 5/>/73
-
7/21/2019 Carson Block: Muddy Waters 101
32/60
-
7/21/2019 Carson Block: Muddy Waters 101
33/60
-
7/21/2019 Carson Block: Muddy Waters 101
34/60
-
7/21/2019 Carson Block: Muddy Waters 101
35/60
Gbaxg [asagrnj
-
7/21/2019 Carson Block: Muddy Waters 101
36/60
Gbaxg [asagrnj
-
7/21/2019 Carson Block: Muddy Waters 101
37/60
Gbaxg [asagrnj
-
7/21/2019 Carson Block: Muddy Waters 101
38/60
Mhm-Gntevest (e.a. Srgcetehmgb)
^jhrt ^abbemo Baoamcgry emvasthrs axpareamna.
^jhrt hmby gpprhgnjas vgry `rhf emsurgmna thsmepar.
IN sgys sjhrt sabbemo gbpjg es mhw 71%,nhfpgrac th >
-
7/21/2019 Carson Block: Muddy Waters 101
39/60
Gntevest ^jhrt ^abbemo
Ca`emetehm.
Gm emtarmat goa pjamhfamhm.
Fgsseva `eraphwar stebb hm tja htjar seca. Nhfpbegmna gmc baogb gspants.
-
7/21/2019 Carson Block: Muddy Waters 101
40/60
Ngtgbysts th g ^unnass`ub
Cerantehmgb ^jhrt Agrmemos fess.
Cakt kanhfas castgkebezemo.
Efphrtgmt prhcunt `gebs. Faceg nhvargoa.
@rguc sjhrts.
-
7/21/2019 Carson Block: Muddy Waters 101
41/60
Atjengb Cefamsehms th ^jhrt
^abbemo Nhffhm nretenesfs.
^jhrt sabbemo es gkhut prhparty reojts.
Nhumtarkgbgmna kukkbas gmc `rguc.
-
7/21/2019 Carson Block: Muddy Waters 101
42/60
^hfa ^jhrt Srgps
\ura vgbugtehm sjhrts.
[ashurna prhfhtehms gmc `rgucs.
Kehtanjs. FBFs (chas mht manassgreby gppby th
JB@).
-
7/21/2019 Carson Block: Muddy Waters 101
43/60
-
7/21/2019 Carson Block: Muddy Waters 101
44/60
-
7/21/2019 Carson Block: Muddy Waters 101
45/60
-
7/21/2019 Carson Block: Muddy Waters 101
46/60
HM\ [ac @bgos
-
7/21/2019 Carson Block: Muddy Waters 101
47/60
HM\ [ac @bgos
\\&A supphsacby whrtj $13.3 febbehm.(_a kabeava \\&A hvarstgtafamt gt bagst7
-
7/21/2019 Carson Block: Muddy Waters 101
48/60
-
7/21/2019 Carson Block: Muddy Waters 101
49/60
-
7/21/2019 Carson Block: Muddy Waters 101
50/60
HM\ Gucethrs Fessac
Pesekba wjeta snrgp ragbby whrtj $1
-
7/21/2019 Carson Block: Muddy Waters 101
51/60
-
7/21/2019 Carson Block: Muddy Waters 101
52/60
^emh-@hrast (S[A) Iuma ;
-
7/21/2019 Carson Block: Muddy Waters 101
53/60
S[A [ac @bgos
\urphrtac struntura (usa h` GE) kbgtgmtby ebbaogb emNjemg.
Nbgefac 11% orhss fgroems `hr kuyemo tefkar`rhf trgcemo nhfpgmeas, gmc sabbemo th trgcemo
nhfpgmeas nbagr tjara wgs bettba vgbua gcc.
Hksnura gmc nhmvhbutac cesnbhsura gkhut tjafgihrety h` G[s kaemo sattbac ky jgvemo cakthrspgy S[As G\s.
Cec mht cesnbhsa ecamtety h` nhumtarpgrteas, gmc wa
nhubc mht ecamte`y ngmcecgtas h` tjgt seza.
Njurmemo phrt`hbeh gt gkhut 1
-
7/21/2019 Carson Block: Muddy Waters 101
54/60
S[A _jgt tja Gucethrs Fessac
Hvar 51% h` orhss prh`ets mavar jet nhfpgmykgmd gnnhumts.
Amhrfhus gfhumt h` ravamua gmc axpamsasmht supphrtac ky PGS / tgx chnufamtgtehm.
^eome`engmt ngpetgb jhba avecamt `rhf ^GEN`ebas.
Hmby baoetefgta suppbear raturmac nhm`erfgtehm
`hrf kbgmd. Mavar gttafptac th vare`y tetbas th gssats.
-
7/21/2019 Carson Block: Muddy Waters 101
55/60
Cuhyugm Obhkgb _gtar (CO_)
Gpreb ;
-
7/21/2019 Carson Block: Muddy Waters 101
56/60
CO_ [ac @bgos
Yarh _E\ hm twh nhmsanuteva Can. >7s.
(Nhrp @em rgesac tjes gs gm essua)
_E\ usugbby ;
-
7/21/2019 Carson Block: Muddy Waters 101
57/60
CO_ [ac @bgos
Swh ce``aramt \[N gucet raphrts hm twhvesets
-
7/21/2019 Carson Block: Muddy Waters 101
58/60
CO_ [ac @bgos
-
7/21/2019 Carson Block: Muddy Waters 101
59/60
-
7/21/2019 Carson Block: Muddy Waters 101
60/60
W&G