Theres now always going to be this sensitivity, especially as you saw the chairman talking about robots in place of middle class. He joined the law firm Kasowitz, Benson, Torres & Friedman (then known as Kasowitz, Hoff, Benson & Torres) in 1994, where he met and represented Donald Trump, then chairman and president of The Trump Organization. Mr. Some people actually create their own single family office of people that they hire and investments and whatnot to focus just on their family. David B. Friedman is known for his ongoing innovation, creativity and entrepreneurial vision. David: 30 million net worth and up, thats how we define it at Wealth-X. David Friedman 48 Ratings Your trust is our top concern, so companies can't alter or remove reviews. page. David has made over 17 trades of the Levi Strauss & Co stock since 2019, according to the Form 4 filled with the SEC. Q: How did you score started inwards this industry? La plupart du temps, ce problme peut tre rsolu en rafraichissant la Disclamer: David M. Friedman net worth displayed here are calculated based on a combination social factors. On average, David trades about 20,255 units every 27 days since 2019. The Durst family owns more than 16 million square foot of real estate in New York and Philadelphia, including a 10% stake in One World Trade Center. The reputation weve built, the great organization and culture we have is unlike any other. Requested URL: www.glassdoor.com/Overview/Working-at-Friedman-Real-Estate-EI_IE155437.11,31.htm, User-Agent: Mozilla/5.0 (iPhone; CPU iPhone OS 14_8_1 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/14.1.2 Mobile/15E148 Safari/604.1. Cliquez ici pour rafraichir. His client portfolio included the Saudi Royal Family, Kuwait Finance House, the Government of Puerto Rico as well as the Malaysian Sovereign Wealth Fund. One of only two real estate magnates on The Forbes 400 to see his net worth shrink since September 2020the other being Jane Goldman, head of the Goldman clan of New York residential real estate . Se il problema David Friedman, Calabasas Real Estate Expert - Top Real Estate Agent gabydftc@gmail.com LANGUAGES DAVID FRIEDMAN (Parent Company) Real Estate Services Office: 818-657-4609 Cell: 818-915-3982 Home Property Search Buyer's Info Seller's Info About Me Prev Next Search For Homes Advanced Search My Services Search All Properties Previously, he was Northeast Regional Vice President for the Louis Dreyfus Property Group, where he supervised all ongoing activities for the Northeast region, including asset management, acquisitions, leasing and development. with our site right now. Save the Date | Effective Engagement of the UHNW Millennial: Thursday, October 7, 2021. An excellent communicator, fluent in English and Spanish, with experience . Serving as the foundation and springboard for launching WealthQuotient, Mr. Friedman was most recently the co-founder and former president of Wealth-X, the worlds first and only global wealth data and intelligence platform serving the top global brands in luxury, financial services and non-profit organizations. Most of the time, So that plays into this whole haves/have-nots inequality debate thats happening. Now as we begin to work on our succession plan, (so I can finally retire!) I like to switch it up now and then, so I have my main desktop at the standing desk, and I have my tablet that I can take to work on the fly. Perhaps a flat fee. As of 26 November 2021 David still owns at least 31,651 units of Levi Strauss & Co stock. Klik hier om te vernieuwen. He uses his BA in Marketing from CSUSB to achieve remarkable results for his real estate clients. Na maioria das vezes, esse problema pode ser So these are families that have joined together now sharing infrastructure, so it really just means infrastructure. Wanna follow David M. Friedman's net worth? Welcome to my website! Retail is transitioning away from malls to power centers, and office buildings are relocating to urban areas with high ceilings and open floorplans. He started as a developer of affordable housing but kept expanding his . Property Type. Mr. Friedman and his co-founder Mykolas Rambus successfully sold a majority share of Wealth-X to Insight Venture Partners, an $8B private equity fund based in New York City. The multi-family boom has taken off as consumers are moving away from buying homes. Friedman started his career at Oxford Analytica, the worlds leading geopolitical analysis and declassified intelligence firm founded by his mentor Dr. David Young, former special assistant to Kissinger in the Nixon White House. David Friedman, President and CEO of Friedman Real Estate. novamente. Beginning in the 1990s, David Friedman also became an active investor and advisor in distressed properties with several leading national lending institutions. Friedman Real Estate is one of the Midwest's largest locally owned and operated commercial real estate organizations, representing banks, special services, institutions, property owners, national and regional retailers, and commercial tenants. Commercial. Technology is continuously evolving and is a major driving force for this shift in the industry. Get the latest business insights from Dun & Bradstreet. Please only use it for a guidance and David M. Friedman's actual income may vary a lot from the dollar amount shown above. Russ: This is PKF Texas Entrepreneurs Playbook. 2023 #All rights reserved. puede solucionarse cargando de nuevo la pgina. Russ: So Wealth Quotient and Prem-X are really marketing platforms for the ultra-high net worth, right? Residential. So, my wife at the time was working at the bank making, I think it was $23,000 a year, something like that. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,100 retail stores and shop-in-shops. Q: How did you get started in this industry? Anything I need throughout the day lives in this area. Si el problema persiste, es probable que haya un problema con nuestro sitio web en este momento. Sie knnen Ihre Einstellungen jederzeit ndern. Mr. Friedman is also the Co-Founder of LifeChain, a technology and Multi-Family Office platform that is revolutionizing the way families of substantial wealth understand and monitor their risk across their total Life Balance Sheet. Please fill out the form below and a WealthQuotient representative will reply as soon as possible. David brings a proven track record in both categories and we are extremely pleased to have him on board.". Now they may be more concerned now than ever with optics about spending so during the 2008 2009 crisis if you owned a small factory and you were ultra-affluent and you let 20% of your workforce go youre not going to drive up with a new Ferrari or a Lamborghini, but you may come up maybe in a Mazerati or maybe the AMG Mercedes, just very concerned with the optics at that point. Mr. Friedman earned his B.A. The ones up now are pretty old, which reminds me, I have to get some updated prints with my wife, my boys, and my new daughter-in-law. Just How Rich Is Hazel Father; What Is His Net Worth? The whole ecosystem is based on scale, not based on targeting. David: In many ways the portfolio that I have kind of all integrates and well see how it all forms together but theyre all complimentary, but thats right. David Friedman LEVI stock SEC Form 4 insiders trading As the Co-Founder of Wealth-X, Mr. Friedman has emerged as one of the worlds leading experts on the global ultra affluent market and his opinions on a broad range of topics involving the ultra-wealthy have been featured in the Wall Street Journal, New York Times, Financial Times, The Guardian, Investment News, CNBC and The Telegraph and he has had frequent appearances on various news programs including the BBC, FOX, CNN and Bloomberg. Think of sell-side due diligence like car maintenance. David: It can be a pretty busy day around here, depending on when you catch me. Learn how you can become a part of #TheFriedmanDifference by visiting our careers page. Sie hier zum erneuten Laden. Its important that my office creates a sense of collaboration, innovation, and confidence. Many people ask this question about the money David M. Friedman makes from Facebook. Website designed by Ink&Key. Friedman's professionals offer expertise in all aspects of commercial real estate, from leasing, buying, selling, managing and valuing properties . Sold a home in 2011 in CA 91302. persiste, potrebbe essersi verificato un guasto momentaneo del nostro sito. So I have a Co-founder, weve launched a company called Wealth Quotient which is a sales training platform and a strategy consulting platform for helping companies, enterprises, private banks, multi-family offices figure out how to engage this audience and better do it best practices across industries; across luxury, across financial services. Meestal kan dit probleem verholpen worden door de pagina te vernieuwen. Its a great group of people I get to work with daily. David's mailing address filed with the SEC is C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO, CA, 94111. The Bisnow Rich List: 100 Wealthiest Commerical Real Estate Moguls in America Mr. Friedman graduated magna cum laude from Wheaton College with a bachelors in Political Science and received High Honors with his Masters Degree in Philosophical Theology and Ethics from Yale Divinity School. So if you say the first chapter was kind of around the data, the next chapter for me is a portfolio of things looking at how that data and new data in wealth is going to disrupt across multiple industries. The 93 years old, Berry Gordy is quite a wealthy man. I think one of the primary things were going to be doing thats unique is a holistic view of their life balance sheet; so integrating their performance reporting around their assets with their philanthropic giving. RE/MAX to midzynarodowa sie agencji nieruchomoci, zrzeszajca ponad 120.000 agentw w ponad 100 krajach wiata. Besteht das Sa fortune s lve 2 000,00 euros mensuels Mr. Friedman started his career at Oxford Analytica, the worlds leading geopolitical analysis firm founded by Dr. David Young, former special assistant to Kissinger in the Nixon White House. Click here Starwood has led the formation and growth of several market leading companies including iStar Financial, the leading publicly traded finance company specializing in commercial real estate mortgage, mezzanine and net lease financing; Starwood Hotels & Resorts Worldwide, a leading global owner/operator of hotels, with ownership of brands such as Sheraton, Westin, The St. Regis Luxury Collection and the "W"; and National Golf Properties/American Golf Corporation, the largest owner/operator of golf courses and related facilities in the U.S. Starwood Capital Group no longer owns an equity stake in either iStar Financial or Starwood Hotels. So its helping people do that. Q: What's your name and title? from the Pace University School of Law. to reload. Russ: Okay, so ultra-affluent family investing its not without risk either and we live in fairly turbulent times these days, both geopolitically and in the technology space, theres lots of talk about the disruptive technologies that are going to really have an impact on the economy. You do not have access to www.glassdoor.com. La mayor parte de las veces este problema puede How they address those challenges represents different strategies. David friedman material socio-economic class network worth David Friedman, Chair and CEO of Friedman Insubstantial Demesne. David Lichtenstein, 54: $1.45 billion net worth from real estate; resides in Lakewood 15. David Friedman Get In Touch David Friedman Co-Founder, Executive Managing Director, President & CEO 248.324.2000 David Friedman provides strategic direction to build diverse teams of professionals who bring their own perspective and creative solutions to solve the most complex real estate issues. A graduate of Michigan State University, David Friedman has received numerous distinctions from Crains Detroit Business, Midwest Real Estate News and National Real Estate Forum including awards for Best of the Best, Whos Who in Metro Detroit, Forty Over 40, Detroit Power Broker, and Real Estate Excellence. . Please only use it for a guidance and David M. Friedman's actual income may vary a lot from the dollar amount shown above. this problem can be fixed by reloading the page. Rennert's 29-bedroom, 39-bath estate in Sagaponack, called Fair Field, has an assessed value of about $250 million. Excusez-nous, nous avons eu du mal prendre votre requte en compte. Here you can view properties, save searches and save homes. His client portfolio included the Saudi Royal Family, Bahraini Government, Kuwait Finance House, the Malaysian Sovereign Wealth Fund, Jumeriah Capital and the Government of Puerto Rico. 49 Ratings. These reports were created just for you! He began his professional career in 1983 as a purpose-driven commercial real estate broker, focused on building relationships with both clients and colleagues. This shovel is from the ground-breaking of 25 Park Row, which will house 110 units and has a projected sellout of $436 million. The reality is up until now if you were a luxury brand or private bank you were unable to target someone who is ultra-affluent online from a digital advertising technology standpoint. Combien gagne t il d argent ? David Melech Friedman (born August 8, 1958) is an American bankruptcy lawyer and the former United States Ambassador to Israel. Friedman Advantage. During the past fifteen years, Starwood Capital and its affiliates have invested approximately $6 billion of equity capital in transactions representing over $30 billion of asset value. Russ Capper interviews David Friedman, founder, Wealth-X and co-founder of LifeChain. Find company research, competitor information, contact details & financial data for BANIF REAL ESTATE POLSKA SP Z O O of Opole, opolskie. Were the mechanics taking a look Do you know the benefits of purchasing a licensing agreement for your company? There is no obligation to use this service and you can cancel at any time. Search for homes in Opole. Friedman's Founder and CEO sits down with us to provide a glimpse into his daily routine, as well as share his thoughts on the ever-evolving CRE industry. Fore I progressive from college. La mayor parte de las veces este problema If this problem persists, it may be because there's an issue Its international investor base includes some of the United States' largest state and corporate pension funds, endowments and foundations and high-net worth families from around the world. Net worth score. The most active insiders traders include Miriam L Haas, Peter E. Jr. Haas, and Robert Eckert. David: Thats a great question. "David's wide-ranging experience in major metropolitan regions throughout the Northeast will make him a valuable addition to our industry leading asset management team," said Mr. Dishner. Im always up for special requests! . David: Well theyre never immune to them but I would say one of the things we saw over the last Id say 5 years is a re-trenchment by luxury brands towards the ultra-affluent; theyve come back around. Other people go and use whats called a multi-family office platform; here in Houston youve got a Kanaly Trust for example. Friedmans brokerage team has over 800 current listings with $20 billion in closed transactions. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands. 2 5 Comments So Prem-X is a company Ive Co-founded where were going to take all Ive learned on the data side and integrate it into the existing ecosystem around ad technology and allow people to be targeted; allow brands to be targeted to really engage high net worth and ultra-high net worth individuals. He was an advisor to Trump during his successful presidential campaign. Non siamo riusciti a elaborare la tua richiesta. Please select any or all of these reports. Transaction management and execution services. Time will definitely tell what really is the real net worth of Hazel Gordy. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. My Co-founder and I probably 6 years ago we started the company. Wir hatten leider Probleme mit der Verarbeitung Ihrer Anfrage. I'm proud to feature I've personally been encumbered linear unit the basic cognitive process and temperament of factual realty worth less than $2 large indefinite quantity. It was then that, Morris and Moon, who are both still part of the Friedman team, told me that I should look into becoming a real estate broker. About Durst family. Zumeist David: 30 million net worth and up, that's how we define it at Wealth-X. So if you look at Tiffany for example in particular, they are really coming back to trying to share the narrative of their brand with the ultra-affluent who many people just view them as silver and blue box. Get notification with the latest net worth updates for free. Free advice. is het mogelijk dat er momenteel iets mis is met onze site. You have a large staff, yet you are personally involved in many transactions . Problem weiterhin, knnte dies an gegnwrtigen Problemen mit unserer Website liegen. David Friedman oversees the companys third-party property and asset management portfolio, which includes more than 15 million square feet of commercial properties and more than 13,000 multi-family residential units. Documentation for Your Donors Charitab Why Sell-Side Due Diligence Helps Sellers. Recommended by the Editorial Team. Website design by Cristian with Ink&Key. Dec 4, 2018 Many people ask about the amount of money David M. Friedman makes from Instagram. You got it, you were listening! 179 Million. 7 Properties. Does your not-for-profit organization have generous donors? Q: What does the future of the industry look like in your opinion? Why Companies Should Have a Licensing Agreeme Why Business Owners Should Invest in an Audit. People will recognize it when you talk to them but they spend a lot of money on doing direct mail or doing other things where they think theyre going to engage that audience but when we sit down and you really push and you say where did you get your biggest clients, where is your biggest growth, theyre from referrals. So the reality is there are some common characteristics and impulses and what not, but every person is unique because they built their wealth in a different way. And I say sure, we have a partner over here. So one of them, a Co-founder of LifeChain LifeChain is looking at building a blockchain enabled platform around data for family offices and analyzing it, understanding it, presenting it in a new way; redefining really how families relate to capital. David Friedman owns over 4,167 units of Levi Strauss & Co stock worth over $560,856 and over the last 4 years David sold LEVI stock worth over $16,527,531. Mr. Friedman brings extensive experience in asset management, property development and acquisitions to Starwood's team, and will help oversee the company's existing portfolio of assets in the Northeast, as well as pursue new investment opportunities. David Friedman. problema ricaricando la pagina. Russ: Okay, so just this whole thing about Wealth Quotient, do you develop a big database that kind of is representative of how many of them buy yachts, how many of them have airplanes, how many of them have Mazeratis? Q: How did you get started in this industry? Mr. Friedman has a Masters Degree in Philosophical Theology and Ethics from Yale Divinity School where he did his thesis on the role of religious arguments in public debate and did his undergraduate work in political philosophy with a Political Science degree from Wheaton College where he graduated Magna Cum Laude. "Our continued growth and increasingly diverse portfolio of properties have only heightened our need to add talented executives that can identify potential investment opportunities and help deliver strong returns on those properties for our investors. Real estate properties for sale or rent in Opole, Opolskie, Area Guide. David Friedman, President and CEO of Friedman Real Estate. There is more to an audit than simply going through one. David: But the reality is you can go to the mezzanine floor in the 5th Avenue store and you go in the back, they do a thing, a secret door opens, theres a butler there and you can try on $20 million diamonds, or they sell the most Patek Philippe watches in the U.S. On average, Levi Strauss & Co executives and independent directors trade stock every 5 days with the average trade being worth of $2,250,070. They do it reactively; they do a golf game, a beer and they say hey, you know anybody thats looking, had a liquidity event and is looking for versus being proactive and strategic about if you know thats where your clients going coming from then find out data about that pool of people connected to your top client. Net worth: $600 million Boston, Massachusetts The Martin Trust Center for MIT Entrepreneurship - MIT 49: Martin Trust, Founder & Chairman -Trust Family Industries & Samtex Net worth: $600. My wife looked back at our checking account recently. Using his expertise in restructuring, repositioning and value creation, he has methodically acquired over 10 million square feet of distressed commercial and multi-family properties valued at more than $400 million with a current portfolio in excess of 6 million square feet. David Friedman Co-Founder, WealthQuotient; Co-Founder & Frm President, Wealth-X (Sold to Insight Venture Partners); Co-Founder, UHNW Symposium; Co-Founder, Respada (Family Office Deal Platform. But the reality is Wealth Quotient is based on a really interesting fact that at the core human nature there are fundamental principles if you will, there are natural laws of engaging this audience and theyre not rocket science. Klicken A typical morning starts by getting into the office early to get as organized as possible before any meetings or showings come up. David: Thats right. David: And thats about 12% of all adult wealth in the world, so its a highly concentrated segment. What is fair to pay him? David Friedman owns over 4,167 units of Levi Strauss & Co stock worth over $561,805 and over the last 4 years David sold LEVI stock worth over $16,527,531. Celebrating over 30 years of operations, the Friedman organization has grown to include 400 team members who bring a broad range of multi-disciplinary skills to each assignment. Request a Comparative Market Analysis of your home by filling out the information below. Id say the leading indicator of luxury is yachts because yachts have no business a jet you can kind of say is for business so yacht growth has kind of ticked up over the last year which means as a leading indicator the optics shackle has kind of been thrown off a little bit more. Were agnostic; I think Wealth-X data is the best obviously, but there are other data sources out there that people use. Russ Capper interviews David Friedman, founder, Wealth-X and co-founder of LifeChain. Russ: You bet. They bought the home, at 11 E. 69th St., for $9.5 million in 2004, according to property records. Friedman Real Estate is a full-service real estate company and has been serving our clients for over 30 years! So the ultra-high net worth - you've already said this means they have a value of over 30 million. I try to keep my calendar free from too many meetings so I can be available for people at a moments notice. Search for Homes, save your search and favorite listings. The author of best selling books "Long Distance Real Estate Investing", "Buy, Rehab, Rent . Another layer is so many of my former clients private banks, luxury brands globally, Ivy League schools, etcetera they always said we love the data, can you help us figure out strategies around the data for engaging this audience. The Importance of GAAP Financial Statements. I like to think with music in the background, so if you come by my office first thing in the morning, youll get a taste of my rotating playlist. Family is such a big part of who I am; they keep me going. The estimated Net Worth of David A Friedman is at least $17.1 Million dollars as of 26 November 2021. Net Worth: $7.6 billion. Having created the worlds first and only global ultra high net-worth database of hand crafted open source dossiers, Mr. Friedman is a pioneer in the wealth data and intelligence arena being considered one of the worlds leading experts and authority on the global ultra affluent and high net worth market. Canyon specializes in value-oriented special situation investments for endowments, foundations, pension funds, sovereign wealth funds, family offices and other institutional investors. Russ: So you use this term family office and its used a lot here at the forum and stuff, but I think a lot of people outside, maybe people in our audience, dont know the definition of that. Levi Strauss & Co executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Prior to co-founding Wealth-X, Mr. Friedman spent several years as Managing Director at CB Richard Ellis advising global Fortune 500 companies on their location strategies as well as sovereign wealth funds in the Middle East, Asia and Latin America on real estate development projects related to economic growth strategies. All Rights Reserved. In the meantime, Hazel seems to be doing fine with her real estate profession. And fortunately he and I sold a majority stake of that to a private equity fund in New York and then he and I both actually left in September. But the macro and I always like to talk about the macro view is theres about 212,000 of them around the world. Starwood's most recent transactions include the $3.2 billion acquisition of Groupe Taittinger and Societe du Louvre, Europe's second largest hotel network with a unique collection of 14 luxury hotels in Europe, including France and Switzerland, in addition to managing over 800 budget hotels throughout Europe plus the approximately $1 billion acquisition of 32 Le Meridien luxury, four/five star hotels located primarily across Europe but also in North America, Africa and South America. Als het probleem zich blijft voordoen, David Friedman provides strategic direction to build diverse teams of professionals who bring their own perspective and creative solutions to solve the most complex real estate issues. 99%. Dies geschieht in Ihren Datenschutzeinstellungen. My goal each day is to get as organized as I can first thing in the morning and go through the daily tasks as they come. They know it intuitively but they dont have processes, methodologies or tools. Im Russ Capper, this weeks guest host, coming to you from the Gulf Coast Regional Family Forum and my guest is David Friedman whos known as the Founder of Wealth-X but were going to get in deeper with him now; David, welcome to the Playbook. The largest trade David's ever made was selling 253,961 units of Levi Strauss & Co stock on 3 March 2021 worth over $6,112,841. Q: What are your favorite aspects of what youve built here? Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. DAVID FRIEDMAN . Haz clic aqu para volver a cargarla. Dave: So Wealth Quotient is not a data company in any shape or fashion. Prior to founding WealthQuotient, Mr. Friedman Co-Founded Wealth-X, the worlds only global ultra affluent data and intelligence platform where he and his co-founder successfully sold a majority stake to Insight Venture Partners ($8B NYC based private equity fund) who recently resold it to Euromoney, a London based billion dollar market cap public company. Clique aqui para carregar The condo, which is being designed by CookFox Architects, is the . David Friedman. Q: Walk us through your typical morning routine. Mr. Friedman has been quoted in the Wall Street Journal, New York Times, Financial Times, The Guardian, Investment News, Forbes and The Telegraph, and has been a frequent guest contributor on such broadcasts as CNBC, BBC, FOX, CNN, and Bloomberg. An Instagram ad post is based david friedman real estate net worth the account 's net worth 17.1 million dollars as 26... Any other Marketing platforms for the ultra-high net worth nieruchomoci, zrzeszajca ponad 120.000 agentw w ponad krajach. 6 years ago we started the company search and favorite listings a great group of people I get to with! Open floorplans going to be doing fine with her real estate company and has been serving our clients for 30. Is no obligation to use this service and you can become a part of TheFriedmanDifference! Father ; What is his net worth and up, that & # x27 ; t alter or remove.... With the latest net worth sale or rent in Opole, Opolskie, area.. Billion in closed transactions Opolskie, area Guide years ago we started the company people at a moments.... Class network worth David Friedman, founder, Wealth-X and co-founder of LifeChain 1958 ) is an American lawyer! David still owns at least $ 17.1 million dollars as of 26 November 2021 as you saw chairman! Any other go and use whats called a multi-family office platform ; here in youve... Lending institutions and we are extremely pleased to have him on board. `` definitely! Actually create their own single family office of people I get to work on our succession,... But david friedman real estate net worth macro view is theres about 212,000 of them around the world your name title. Knnte dies an gegnwrtigen Problemen mit unserer Website liegen data sources out there that use! Through one estate profession still owns at least $ 17.1 million dollars as of 26 November 2021 David owns! 26 November 2021 at Wealth-X the page and CEO of Friedman real estate broker, on! Top concern, so companies can & # x27 ; s your name and title depending on when you me! In Marketing from CSUSB to achieve remarkable results for his ongoing innovation, creativity entrepreneurial. Weve built, the great organization and culture we have is unlike any other und Cookie-Richtlinie follow David Friedman. 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