Episode 31 is dedicated to former Pittsburgh Steelers safety Donnie Shell. Nick discusses the Hall of Famer’s NFL career and his unique path to joining the Steelers, aided by the great Bill Nunn, Sr. “The risk/reward math you see with safeties in football, it’s the same type of important skill when it comes to pension and fund managers…we want our money managers really astute at risk/reward wizardry…unfortunately that’s not happening today in too many instances, in particular with pensions,” says Nick. He demonstrates how political science and ideology are supplanting fund managers’ fiduciary responsibility. Nick next explains how this same dynamic is occurring outside the investment world, followed by a discussion on the manipulation of statistics. And be sure to listen to the full episode to catch Nick’s top three Christmas albums.