{"podcast":{"title":"Invest Like a Billionaire","slug":"invest-like-a-billionaire-4346750","podcast_index_feed_id":4346750,"rss_url":"https://anchor.fm/s/4e9bae1c/podcast/rss","website_url":"https://www.thebillionairepodcast.com","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/13088255/13088255-1743703996531-27aa70b70750e.jpg","author":"Aspen Funds","episode_count":243,"summary":"The insider’s guide to alternative investing. Each week, join Aspen Funds’ Bob and Ben Fraser to hear the latest insights from the world of alternative investing. We’ll give you an inside look at the portfolios of everyday millionaires who are making real returns and passive income through alternative investments in real estate, private equity, hedge funds, and more. And we’ll keep you up-to-date with market news, macroeconomics and investable megatrends so you can invest with confidence. Find out more at https://www.thebillionairepodcast.com/ or join us at https://aspenfunds.us/","last_synced_at":null,"page_url":"https://stenobird.com/podcast/invest-like-a-billionaire-4346750"},"episode":{"title":"PPMs That Scare the Sh*t Out of Me (Real Investing Horror Stories)","slug":"ppms-that-scare-the-sh-t-out-of-me-real-investing-horror-stories","published_at":"2026-03-17T12:00:00+00:00","page_url":"https://stenobird.com/podcast/invest-like-a-billionaire-4346750/ppms-that-scare-the-sh-t-out-of-me-real-investing-horror-stories","show_page_url":"https://stenobird.com/podcast/invest-like-a-billionaire-4346750","url":"https://podcasters.spotify.com/pod/show/invest-like-a-billionaire/episodes/PPMs-That-Scare-the-Sht-Out-of-Me-Real-Investing-Horror-Stories-e3gdr6o","audio_url":"https://anchor.fm/s/4e9bae1c/podcast/play/116894360/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-14%2F419977064-44100-2-b0f4092226026.mp3","summary":"What should investors actually look for in a Private Placement Memorandum (PPM)? In this episode, Ellis Hammond sits down with Ben Fraser and Bob Fraser to break down real examples of PPMs that raised major red flags — including unlimited sponsor expenses, huge placement fees, and deal structures that shift risk entirely onto investors. They walk through what a private placement memorandum is designed to do, why experienced investors focus more on the risks than the upside, and the specific sections you should read before investing in a private deal. If you invest in real estate syndications, private equity, private credit, or alternative investments , learning how to evaluate a PPM can help you avoid costly mistakes. Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠ to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/","meta_description":"What should investors actually look for in a Private Placement Memorandum (PPM)? In this episode, Ellis Hammond sits down with Ben Fraser and Bob Fraser t…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1894,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/invest-like-a-billionaire-4346750/episodes/ppms-that-scare-the-sh-t-out-of-me-real-investing-horror-stories/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/invest-like-a-billionaire-4346750/ppms-that-scare-the-sh-t-out-of-me-real-investing-horror-stories.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}