Podcast
Definitely Uncertain: The Private Wealth Podcast
Hosted by Goldrock Capital · EN
How can wealthy investors make better investments and wiser financial decisions? On this podcast we look at the big investment trends, how to allocate private wealth, tools for multi-generational planning, philanthropy and a range of other issues unique to high net worth families.
We interview leading investment managers, high net worth individuals and private wealth advisors.
Brought to you by Goldrock Capital, a multi-family office.
12episodes
Episodes
Newest firstAll episodes
Energy Shock, Oil Markets, & the New Commodity Cycle with Adam Rozencwajg - Episode 143
2w ago00:51:33Tap to summarizeIn this episode of Definitely Uncertain, Adam Rozencwajg from Goehring & Rozencwajg returns to the podcast to discuss why he believes the global energy market is far tighter than most investors realize, arguing that oil shortages, underinvestment in energy production, and geopolitical disruptions are setting up a long-term commodity bull market. He explains why his firm shifted heavily from gold into oil and natural gas, outlines concerns about U.S. shale depletion, the Strait of Hormuz disruptions, OPEC instability, and inflation risks, while also sharing his outlook on gold, energy stocks, and the broader macroeconomic environment.IN THIS EPISODE, WE DISCUSS:Commodity MarketsOil & Natural GasShift from GoldGeopolitical RisksMacroeconomic OutlookABOUT ADAM ROZENCWAJGAdam Rozencwajg is a Co-Founder and Managing Partner at Goehring & Rozencwajg (G&R), a premier global natural resource investment firm based in New York. With 17 years of investment management experience in the natural resource sector, Mr. Rozencwajg is recognized as a leading authority on commodities, renowned for his contrarian, deep-value investment philosophy and original research spanning decades of long-term market cycles. His prescient investment themes and industry renowned and widely followed quarterly commentaries have cemented his status as one of the foremost experts in natural resources worldwide.ABOUT DEFINITELY UNCERTAINSince 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy.ABOUT GOLDROCKGoldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman.Learn more: https://www.goldrockcap.com/Subscribe to stay updated on how to navigate the uncertainties of private wealth.
Transcribe →Private Credit with David Hirschmann, Co-Head of Permira Credit - Episode 142
4w ago00:42:43Tap to summarizeIn this episode of Definitely Uncertain, we discuss we discuss the evolving landscape of private credit and the potential impact of AI on market performance. David Hirschmann of Permira Credit explores the current shift toward a lender's market and how recent technological launches, like Anthropic's Claude 4.6, have created market anxiety regarding software-related loans. The conversation examines the pressure to deploy capital in the retail channel and the widening of spreads in the European mid-market. Additionally, the guests analyze how tensions in the Middle East and energy supply dependencies are affecting global M&A activity and GDP forecasts.IN THIS EPISODE, WE DISCUSS:• AI and Software Vulnerability• Private Credit Market Shifts• Retail Channel Capital Flows• Sector Expertise and Performance• Effects of Regional Conflicts and Energy Supply on Global M&AABOUT DAVID HIRSCHMANNDavid joined Permira Credit in June 2015 as Head of Private Credit. In December 2023, David was named Co-Head of the business, where he holds the position of overseeing the direct lending and strategic opportunities strategies. He serves as a member of the Investment Committee for the direct lending and strategic opportunity funds, as well as a member of the Permira Credit Executive Committee. David has 27 years of European credit experience. Prior to joining Permira Credit, he was Managing Director at Barings (formerly Babson Capital), where he was responsible for sourcing and transacting opportunities and was a member of the private debt investment committee. Before that, David worked at UBS in Leveraged Finance and Financial Sponsors coverage.ABOUT DEFINITELY UNCERTAINSince 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy.ABOUT GOLDROCKGoldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman.Learn more: https://www.goldrockcap.com/Subscribe to stay updated on how to navigate the uncertainties of private wealth.
Transcribe →What the New Global Environment Means for Global Investing Today with Eran Peleg - Episode 141
Apr 2300:31:38Tap to summarizeIn this episode of Definitely Uncertain, we discuss what the new global environment means for global investing today. Join us as we sit down with Eran Peleg, a global financial markets advisor and investment strategist, discussing the fundamental shift from a global economy focused on "fast and cheap" efficiency to a "new regime" driven by geopolitics, state-led industrial policy, and persistent inflation. The conversation explores how investors must adapt their portfolios – moving away from traditional 60/40 models – to account for structural changes in tech leadership, commodity cycles, and the necessity of broader geographic and currency diversification.IN THIS EPISODE, WE DISCUSS:• The "New Regime" of Global Macro.• Geopolitics as a Primary Driver.• Challenging Tech and Dollar Dominance.• Portfolio Structural Adjustments.• Strategic Advice for Israeli Investors.ABOUT ERAN PELEGEran Peleg is a global financial markets advisor and investment strategist. He teaches ‘geopolitics, global economy and financial markets’ at Tel-Aviv University and was formerly the Chief Investment Officer of Clarity Capital.ABOUT DEFINITELY UNCERTAINSince 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy.ABOUT GOLDROCKGoldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman.Learn more: https://www.goldrockcap.com/Subscribe to stay updated on how to navigate the uncertainties of private wealth.
Transcribe →Olim, Returning Residents, and the Tax Traps People Don't See Coming with Gidon Broide - Episode 140
Mar 2300:27:46Tap to summarizeIn this episode of Definitely Uncertain, we dive into the complexities of the Israeli tax system for those making Aliyah or returning to Israel. Join us as we sit down with Gidon Broide, Managing Partner at Broide & Co., to uncover the "tax traps" that many people don't see coming until it’s too late.Navigating a move to Israel involves significant uncertainty, and for many, the biggest challenge is not knowing what they don't know regarding their financial obligations. Gidon shares his expert insights on the most common mistakes made during this transition and how recent changes to tax reporting rules have fundamentally shifted the landscape of pre-Aliyah planning.IN THIS EPISODE, WE DISCUSS:• The most common tax issues encountered by Olim and returning residents.• How to avoid "hidden" tax traps that are often overlooked.• The impact of Israel's new tax reporting rules on your financial strategy.• Real-world examples of how costly planning mistakes can be.• Opportunities and benefits that can be captured through careful, early planning.ABOUT GIDON BROIDEGidon Broide is the Managing Partner at Broide & Co. with over 20 years of experience in audit, tax, and consulting. He is a qualified CPA in both Israel and the US and is considered a leading expert on the taxation of trusts in Israel. Gidon is also a member of STEP (Society of Trust and Estate Professionals).Learn more: https://www.broide.com/ABOUT DEFINITELY UNCERTAINSince 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy.ABOUT GOLDROCKGoldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman.Learn more: https://www.goldrockcap.com/Subscribe to stay updated on how to navigate the uncertainties of private wealth.
Transcribe →Financial Outlook for Israel Post-War with Professor Avi Weiss - Ep 139
Feb 1600:30:46Tap to summarizeIn this episode, Prof. Avi Weiss, President of the Taub Center, joins us to discuss Israel’s long-term economic outlook.We examine fiscal sustainability, productivity, cost-of-living trends, high-tech concentration, demographic changes, and healthcare system pressures and what they mean for growth in the years ahead.A practical, data-driven discussion on structure, resilience, and opportunity.
Transcribe →Risk and Decision-Making in Highly Uncertain Environments - 138
Feb 300:33:06Tap to summarizeWhat does smart decision-making look like when the rules aren’t clear?In this episode, Gideon Shaw breaks down how seasoned investors approach risk in highly uncertain environments from emerging sectors to volatile markets where information is incomplete and outcomes are hard to predict.We talk about decision frameworks, common mistakes professionals make under uncertainty, and the mindset required to stay disciplined when there’s no obvious “right” answer. A thoughtful conversation for investors, advisors, and anyone responsible for making high-stakes calls with imperfect information.
Transcribe →The Organizational Friction: Closing the AI Adoption Gap with KPMG's Jonathan Lavender | Ep 137
Jan 2000:29:01Tap to summarizeIn this episode, we speak with Jonathan Lavender, Deputy Senior Partner and Head of Advisory at KPMG Israel, about how organizations are approaching AI adoption and what leadership teams should consider as AI becomes more embedded in business operations.Drawing on over two decades of experience advising private companies, private equity and venture capital funds, and multinational organizations, Jonathan shares insights on how companies can better align strategy, culture, and operating models with emerging AI capabilities.Topics discussed include:How organizations are thinking about AI adoption across industriesCommon organizational considerations when implementing AI toolsWhat defines an AI-ready organization todayHow leadership roles and skill sets are evolvingThe impact of Israel’s innovation culture on AI development🎧 Available on Spotify, Apple Podcasts, and YouTube
Transcribe →Israel Equity — Beyond the Headlines - Episode 136
Jan 700:46:01Tap to summarizeIn this episode of the Definitely Uncertain Podcast by Goldrock, David Ram is joined by Eran Pasternak, Founder and Chairman of Pasternak Shoham Investment House, one of Israel’s leading public-market investment firms.Despite war, political volatility, and global uncertainty, Israeli equities have delivered strong performance over the past two years. Together, David and Eran unpack what’s really driving the Israeli stock market today—and whether this strength represents a new chapter or a long-overdue correction.The conversation explores:Israel’s macroeconomic position relative to OECD peersThe true drivers of recent equity market performanceSector concentration, liquidity, and the role of foreign capitalIsrael as a relative value opportunity versus global marketsThe relationship between public markets, the real economy, and the shekelHow political risk, elections, and fiscal pressures are (or aren’t) priced inThis episode offers a grounded, data-driven look at Israeli public markets—cutting through the noise to understand risk, resilience, and opportunity.
Transcribe →What is ahead for markets in 2026? - Ep 135
Dec 2400:29:11Tap to summarizeRight before the holidays and as we look toward the new year, we sat down with Daniel Krausz, Co-Founder and Partner at Blue Door Asset Management, to discuss what may be in store for markets in 2026.In this episode, Daniel shares his views on liquidity, central bank policy, corporate earnings, labor markets, market positioning, and the macro trends investors may be underestimating in 2026.
Transcribe →Madrid Real Estate: What Global Investors Need to Know Right Now - Ep 124
Dec 800:37:11Tap to summarizeJoin host David Ram, Partner at Goldrock, in this episode of the Definitely Uncertain podcast as he sits down with Carlos Zucchi, Partner & CEO at Argis, a Madrid-based real estate investment and management firm. Together, they dive into the fast-changing world of Spanish residential real estate — from regional risks and regulation to demographic trends, bank financing, and the growing demand for greener homes.If you're curious about how Spain’s housing supply gap, immigration flows, construction costs, or macro shifts are shaping opportunities for global investors, this episode is for you.Tune in for sharp insights, real-world examples, and a forward-looking take on where Madrid’s market may beheaded over the next five years.
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