Capital Decanted – Season 3 Teaser
Hosts: John Bowman & Aaron Filbeck
Release date: September 30, 2025

Episode Overview

In this Season 3 teaser, John Bowman and Aaron Filbeck preview the upcoming season of Capital Decanted, emphasizing their ongoing commitment to deep, narrative-driven exploration of capital allocation and asset management. Reflecting on their two-year journey, the hosts share plans for an evolved show structure that pushes beyond conventional interviews and superficial industry commentary. They also tease a provocative slate of topics for the new season, all rooted in feedback from their dedicated listeners and broader industry dialogue.

Key Discussion Points & Insights

Reflecting on Two Years & Show Evolution

• [00:07-03:20] John Bowman:
  • Origin & Growth: The podcast started as a "selfish ambition" to provide a platform for deep-diving into complex industry topics, striving to move away from "the sound bite mentality and culture of social media and the Internet."
  • Listener Appreciation: The hosts express gratitude for their growing, engaged listener base, crediting them for the podcast’s steady evolution.
  • Format Changes: Responding to listener feedback, Season 3 will experiment with a more integrated show flow, blending guest conversations and hosts’ deep dives into a seamless narrative instead of segmented episodes.
    • “So it feels like one long segment and experience and conversation rather than two or three segments.” — John Bowman [01:41]
  • Audience Engagement: They invite listener feedback on these changes to further refine the approach.

Shoutout to Season Sponsor

• [02:50-03:20] John Bowman:
  • Special acknowledgement of Franklin Templeton Alternatives for returning as the signature sponsor, citing their shared values and longstanding relationship.

Season 3 Themes & Topics

• [03:20-05:45] Aaron Filbeck:
  • Influence from Listeners: Many new topics reflect a “listening tour” over the past year, engaging with members and industry leaders for inspiration.
  • Big Themes on Deck:
    • Retirement: In-depth discussions planned, addressing evolving challenges and innovations.
    • Total Portfolio Approach: Revisited due to ongoing relevance and prior audience engagement.
    • New Markets: Shifting geographical focus to the Gulf region and Middle East—"the capital of capital."
    • Emerging Managers: Exploring unique challenges and strategies in this segment.
    • Sports Investing: How to construct viable investment models around sports.
    • Space Economy: A highlight of episode one; diving into investment opportunities in space travel and exploration.
      • “Most importantly...John and I are going to space. We are going to be talking about the space economy and what does it actually mean to invest in space travel and all the different facets of leaving the Earth.” — Aaron Filbeck [04:42]
      • Playful mention of discussing Star Wars and Star Trek in context, setting “a fun one but also very interesting” tone for the episode.
  • Listener Loyalty: The hosts reflect on their "cult following" of long-form content fans, shouting out those who stick through episodes approaching two hours.

Teasing the Premiere Episode

• [05:45-07:20] John Bowman:
  • The first episode promises to weave historical context with modern investment opportunities in the space economy, covering cost curves, revenue models, and entrepreneurial angles.
    • “It was an amazing discovery, no pun intended, of fascinating new cost curves and revenue models and entrepreneur opportunities.” — John Bowman [06:05]
  • The hosts continue to stress the podcast's value comes from its community of listeners and partners, expressing deep gratitude and eagerness for the season ahead.

Notable Quotes & Memorable Moments

• “We really want to go deep into a narrative arc...we're going to try to work on [an integrated flow], so it feels like one long segment."
  — John Bowman [01:28]

• “A lot of this is influenced by all of you...we've been on this listening tour over the past 12 months.”
  — Aaron Filbeck [03:26]

• “We talked about China in season two. We're going to move to the Gulf in season three and talk about portions of the Middle East, the capital of capital, if you will.”
  — Aaron Filbeck [04:09]

• “John and I are going to space...talking about the space economy and what does it actually mean to invest in space travel and all the different facets of leaving the Earth.”
  — Aaron Filbeck [04:42]

• “This doesn't, this is not worth it if we don't have listeners that are...partnered with us and are benefiting from a lot of this equipping narrative that we enjoy.”
  — John Bowman [06:54]

Important Timestamps

• 00:07 — Reflections on the podcast’s origins and listener appreciation (John)
• 01:20-01:55 — Announcement and rationale for format evolution (John)
• 02:50 — Sponsor acknowledgment (John)
• 03:20-04:40 — Listener engagement and specifying Season 3 topics (Aaron)
• 04:42 — Space economy episode teased (Aaron)
• 05:45-06:54 — Episode one preview and closing gratitude (John)

Tone & Style

The hosts maintain a collegial, slightly irreverent but deeply thoughtful tone, blending industry gravitas with self-aware humor (e.g., references to their “selfish ambition,” jokes about Star Wars vs. Star Trek, and playful ribbing of each other’s quirks). Their approach emphasizes inclusivity, humility, and a genuine desire to serve and challenge their listener community.

Summary

The Season 3 teaser of Capital Decanted sets the stage for another year of rigorous, narrative-driven exploration of asset management and capital allocation. Expect a refreshed format, a diverse set of timely topics (from retirement strategies to space investment), and a continued emphasis on listener-inspired content. Longtime fans and new listeners alike can look forward to engaging “masterclasses” that transcend superficial industry chatter, true to John and Aaron’s trademark style.