I once heard this great story from a comedian who said his career started falling apart when he realized that he was spending so much time managing and producing his act,

that he had less time doing what made his act great to begin with, which was analyzing everyday life and making jokes about it.

I see this so often in business. The more successful you become, the more your time is pulled away from the thing that made you successful to begin with. One of those things that can suck up valuable time is expense management,

and that is why I and 25,000 other businesses use Ramp. Ramp is a corporate card that includes

the best expense tracking and reporting software that I have ever seen, automatically capturing

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your card is swiped. It saves you time. For listeners of the show, Ramp is offering metal cards

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terms and conditions play.

Let me start with just a few thoughts on the ongoing tariff deal that we're going through.

I'll know what to call it.

Tariff debacle, tariff situation, whatever it might be.

One of the greatest assets that any person or company or country can have is trust among other people.

Do people trust doing business with you?

But what's hard about that concept is that it's very difficult to measure trust, particularly when you have it.

When you lose it, you realize how valuable it was.

But when you have trust, it really doesn't show up on anyone's balance sheet. You can measure the value of your stocks and your bonds and your real estate. Where is

trust on your net worth statement? And again, that's true for a person, a company, or a country.

And I looked it up this morning. How much do foreign investors have invested in the United States?

How much have other people around the world who don't live in America invested in the United States?

Take a second to guess what you think that number might be because it was higher than I thought.

The number is, as of June 30th, 2024, about $32 trillion.

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