On today’s episode, Clay is joined by Andrew Brenton. Andrew Brenton is the CEO and a co-founder of Turtle Creek. Since it’s inception in 1998, Turtle Creek has acheived an average annual return of 20% versus just 7% for the market. $10,000 invested into their fund at inception would have grown to over $885,000 as of September 30, 2023, and had that money been invested in the market, it would have been worth just under $52,000. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:21 - How Andrew’s experience in private markets prepared him to take on public markets. 07:23 - Turtle Creek’s distinguished approach to value investing. 14:25 - What makes for a great, unique business for Andrew to get interested in. 18:06 - Why Turtle Creek chose to focus on mid-caps. 21:07 - How Turtle Creek avoids losing money on almost every investment they make. 23:37 - Why overpaying is the biggest risk for Andrew. 27:31 - How Turtle Creek improves upon an approach of simply buying and holding great business

IN THIS EPISODE, YOU’LL LEARN: What is happening with Binance and the DOJ Will The CEO of Binance potentially do any jail time? What is happening with Genesis and DCG? Did DCG defraud both retail and institutional investors? Does this impact GBTC at all? Is the DOJ going to pursue any Crypto Influencers? Potential rate cuts and QE in the 1Q of 2024 Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Joe Carlasare's Twitter Joe Carlasare's Legal Practice American Hodl on Twitter American Hodl on Nostr NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to bet

In this episode, Stig Brodersen talks with investment expert Lyn Alden about currencies, debt, inflation, and how to invest in an uncertain world. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro Why the bull theses are always more thoughtful and plentiful, and how to account for that The relationships between debt, inflation, and wars. How to best take advantage of debt in your portfolio How capital controls work How a debt restructuring works in practice Can technology be so deflationary that the FED can print us to inflation?  The future role of the Euro on the global scene  Whether China is in a balance sheet recession  The pros and cons of Argentina dollarizing its economy Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Lyn Alden’s book, Broken Money – Read reviews her

Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read.Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s most admired Fortune 500 CEOs and a variety of public figures and celebrities, including Bill Gates, Tom Brady, Richard Branson, Stan Lee, Oprah Winfrey, Sergey Brin, Larry Page, and Elon Musk’s SpaceX Team. Jim puts high-level people in the position to use their brain power at optimum levels.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:32 - Why we should reconsider the practices we use to learn.09:45 - Why all behavior i

Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read. Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s most admired Fortune 500 CEOs and a variety of public figures and celebrities, including Bill Gates, Tom Brady, Richard Branson, Stan Lee, Oprah Winfrey, Sergey Brin, Larry Page, and Elon Musk’s SpaceX Team. Jim puts high-level people in the position to use their brain power at optimum levels. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:33 - Why we should reconsider the practices we use to learn. 06:46 - Why all behavior is belief-driven. 10:11 - The number one asset we have to achieve anythi

IN THIS EPISODE, YOU’LL LEARN:What is James currently seeing that's going to dominate the markets in 2024?What happened with the recent treasury auction tail that caused a 3 SD move in price action?What is fundamentally causing a poor auction like that to happen?How does James see Bitcoin's performance in 2024 with such a macro situation playing out?What is something James is excited about in 2024?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJames on Twitter.James' Newsletter.James' <a href="https://www.bitcoinopportunity.fund" rel="noopene

James Lavish joins Preston Pysh to help understand an interesting situation where we’re starting to see failed treasury auctions, enormous recessionary pressures building in the markets, along with a reverse repo facility that’s getting drained at a breakneck pace. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:08 - What is James currently seeing that's going to dominate the markets in 2024? 21:03 - What happened with the recent treasury auction tail that caused a 3 SD move in price action? 29:52 - What is fundamentally causing a poor auction like that to happen? 01:01:41 - What is something James is excited about in 2024? 01:03:55 - How does James see Bitcoin's performance in 2024 with such a macro situation playing out? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES James on Twitter. James' Newsletter. James' VC Firm. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful st

Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more. Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and primarily caters to high-net-worth individuals.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:12 - What a market crisis is. 05:42 - Why it’s important to study history as investors. 09:11 - What led to hyperinflation in Zimbabwe. 15:14 - The market crisis in Iceland that led to their stock market falling by 95%. 28:09 - The lost decade of Japan. 32:11 - Potential parallels between the bubble in Japan and markets in the US today. 47:53 - Brendan’s biggest takeaways from studying market crises. 53

Clay Finck is joined by Brendan Hughes to chat about his new book –&nbsp;Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more.Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and primarily caters to high-net-worth individuals.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:12 - What a market crisis is.05:42 - Why it’s important to study history as investors.09:11 - What led to hyperinflation in Zimbabwe.15:14 - The market crisis in Iceland that led to their stock market falling by 95%.28:09 - The lost decade of Japan.32:11 - Potential parallels between the bubble in

Preston Pysh and Jeff Booth have an in-depth discussion about AI, where it’s all going and how Bitcoin is going to play a major role with enough time.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:34 - Why is Jeff training an AI agent to personify himself?03:59 - How could such an agent potentially be used in the future?03:59 - What does this mean for overall productivity for people that have the means to train such an agent?06:57 - Is there concern people should have with providing the data for these agents?15:17 - What is the difference between the way Jeff is training his AI versus the way Preston is training his?18:37 - What other things might happen as a result of this AI growth?18:37 - What method will win in the long-haul for training AI agents?27:44 - How does Bitcoin enter into this equation?01:05:23 - Why are Jeff and Preston so interesting in the FinCEN proposal t

IN THIS EPISODE, YOU’LL LEARN: Why is Jeff training an AI agent to personify himself? How could such an agent potentially be used in the future? What does this mean for overall productivity for people that have the means to train such an agent? What other things might happen as a result of this AI growth? What is the difference between the way Jeff is training his AI versus the way Preston is training his? What method will win in the long-haul for training AI agents? Is there concern people should have with providing the data for these agents? How does Bitcoin enter into this equation? Why are Jeff and Preston so interesting in the FinCEN proposal that was recently released for comment? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jeff's VC Firm Ego Death Capital. Jeff Booth's Twitter. Jeff's book, The Price of Tomorrow. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse

On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit.  Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio. 06:56 - The state of credit markets today. 12:38 - How private credit fits into the bigger credit market picture. 13:16 - What has led to the massive growth of private credit since the great financial crisis. 17:22 - How a typical private credit deal is structured. 22:50 - Why companies utilize private credit in their capital structure. 26:05 - Current interest rates in a private credit deal. 26:26 - Default rates in private credit. 38:40 - How Percent is helping satisfy high demand in the private credit mar

On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit.&nbsp;Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio.06:56 - The state of credit markets today.12:38 - How private credit fits into the bigger credit market picture.13:16 - What has led to the massive growth of private credit since the great financial crisis.17:22 - How a typical private credit deal is structured.22:50 - Why companies utilize private credit in their capital structure.26:05 - Current interest rates in a private credit deal.26:26 - Default

Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation?12:10 - How are you helping people visualize that Bitcoin is a store of value?29:01 - What Bitcoin is actually backed by.39:35 - What Bitcoin's next bull market might look like.45:19 - Why match conviction with knowledge.01:05:02 - Parker's new book.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://twitter.com/parkeralewis" rel="noopener noreferrer" target="_blank

Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation? 12:10 - How are you helping people visualize that Bitcoin is a store of value? 29:01 - What Bitcoin is actually backed by. 39:35 - What Bitcoin's next bull market might look like. 45:19 - Why match conviction with knowledge. 01:05:02 - Parker's new book. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Parker Lewis' Twitter. All articles that Parker has written. Parker's New Book, Gra

In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:09 - What Anthony Kingsley learned from his great mentor, James Findlay.07:22 - Why their firm, Findlay Park, lives by the mantra “Keep it simple.”&nbsp;10:38 - How the firm structures its fees to be simple &amp; fair.&nbsp;19:02 - Why the key to long-term success is avoiding disaster.18:06 - How Anthony harnesses diversification to reduce stress.24:19 - How to incentivize a team of equity analysts.27:40 - How he avoids repeating common investment mistakes.39:53 - How he developed his 2

On today’s episode, Clay is joined by Kyle Grieve to share a stock deep dive on Dino Polska. Dino Polska is an incredible business that has increased its store base by over 5x since 2015 and increased its earnings per share by over 10x since that time.Kyle Grieve is the host of The Millennial Investing Podcast and also helps Clay run the TIP Mastermind Community – a community built by investors, for investors.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:44 - The primary characteristics Kyle looks for in his stock investments.06:00 - What Dino Polska’s business model is and how they’ve perfected their growth formula.10:45 - What sticks out about Dino’s management team.14:33 - Dino Polska’s competitive advantages.22:31 - What enables Dino Polska to continue to grow its store counts at above-average rates.27:36 - Why it’s important to understand both the qualitative and quantitative aspects of a

Preston Pysh chats with Bitcoin Magazine’s, Dylan LeClair all about the important Bitcoin news stories happening in the 4th Quarter of 2023.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:52 - How Dylan's AI adventure has progressed in 2023.06:19 - What is causing the big moves in Bitcoin right now?15:37 - What happens with the fixed income market from here?41:23 - His thoughts on the Bitcoin ETF.41:23 - What advice should Boomers take to understand Bitcoin?43:51 - Does Dylan think cash settled derivatives can influence the underlying price of Bitcoin?53:18 - Is there anything coming out of the SBF trial that is noteworthy or important?56:43 - Dylan's thoughts on BitVM.01:12:31 - What is something that is under-reported in the Bitcoin space?BOOKS AND RESOURCES<a href="https://twitter.com/DylanLeClair_" rel="noopener noreferrer" target=

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put LVMH on his watchlist and is waiting to buy the dip. Hari’s pick, Dollar General, is down 50%, and super investors like Chris Bloonstran, Seth Klarman, and Tom Gayner have invested, and insiders have been buying too.&nbsp;Tobias pitches Inmode, a stock facing a lot of bad news as a result, could be trading at a very attractive price.&nbsp;Ensure you stay around for the end of the episode, where we share information about how you can meet up with our hosts William Green, Clay Finck, and Kyle Grieve in Omaha for the Berkshire shareholder's meeting.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro11:33 - Why Tobias is bullish on InMode38:35 - Why Hari is bullish on Dollar General&nbsp;1:06:46 - Why Stig is bullish on LVMH&nbsp;&nbsp;1:43:54 - How can you pitch your stock to the TIP Mastermind Community&nbsp;</p

Clay Finck is joined by Shree Viswanathan to discuss his concentrated, patient, and global approach to investing. They touch on many of the key aspects to successful long-term investing as well as one of Shree’s portfolio holdings, Dino Polska, which reminds him of Walmart in their early days.Shree Viswanathan is the founder and portfolio manager of SVN Capital.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:17 - The story of his father earning 40x on an investment despite never garnering an interest in the subject.&nbsp;08:54 - Spiritual and life lessons that Shree has learned over the years.14:52 - The most important aspects to understand investing internationally.20:52 - What makes India an attractive hunting ground for long-term investors.33:10 - Why we should remain fully invested in uncertain times.38:57- How investors can minimize the impact of ego hurting their performance.41:30 -

IN THIS EPISODE, YOU’LL LEARN:The current bull market in Bitcoin - what's driving it?The DTCC website listing various Bitcoin ETFs.Will the Bitcoin ETF even bring new interest to Bitcoin?What is happening in the treasury market right now?What's the broader implications of the treasury market moves?Oil.PBOC liquidity injections and overall outside influences to liquidity.BOOKS AND RESOURCESJoe’s Legal Practice.Steven’s company Valkyrie.Jeff’s Investment Firm.NEW TO THE SHOW?</

In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett &amp; Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, &amp; flourishing as we age.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:09 - What Chris Davis has learned from Buffett &amp; Munger about aging well.18:27 - Why trust is a superpower in business &amp; life.30:04 - Why many successful investors fail to build good relationships.38:31 - How Buffett &amp; Munger consciously avoid their weaknesses.40:38 - What Buffett learned from Dale Carnegie.1:00:26 - Why Chris views Jeff Bezos as “the LeBron James of capitalism.”1:18:24 - What it’s like to hear Buffett talk at Berkshire’s board meetings.

Clay Finck is joined by Sahil Bloom. Sahil is the writer behind the spectacular newsletter, The Curiosity Chronicle, which has garnered 500,000 subscribers in just a few years. During this discussion, Sahil and Clay explore the philosophies and frameworks that Sahil has used to build a meaningful life that has impacted hundreds of thousands of people while also staying true to what is truly most important to him.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:57 - Sahil’s framework around finding the right work for you.08:31 - How we can utilize career leverage.10:10 - What it means to “swallow the frog” for your boss.12:20 - How authenticity plays into success.23:14 - Why Sahil keeps his focus on playing long-term games through his work, relationships, and health.25:30 - Whether he finds it difficult to remain consistent.26:57 - How big goals can destroy your happiness.32:13 - The mental

Preston Pysh is joined by Lightning Lab’s very own Ryan Gentry to talk about some of the new and exciting software technology that’s going to change the way people interact with the Bitcoin Lightning Network.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro05:54 - What is the Taproot Asset Protocol (TAP)?12:05 - How can the TAP be used with Bitcoin?15:41 - What impact will sending Dollars over the Bitcoin Network have for people needing fiat stable coins?15:41 - What does the competition look like for fees and settlement speeds on this network relative to other protocols?25:06 - What does it take to run this software on a Bitcoin full node?30:20 - What are Ryan's thoughts about altcoins potentially being used on Bitcoin?35:42 - What are Ryan's thoughts on securities being tokenized on the TAP?52:56 - How could stock certificates be managed on TAP?52:56 - What are some of his concerns a

Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor.&nbsp;Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.Gautam is author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:40 - The impetus for Gautam writing a second book.04:24 -Why journaling is an important p

Preston Pysh talks with Jesse Myers about the FTX court findings, a few of Jesse’s recent articles on the debt spiral, the ability for institutions to perform multi-institutional Bitcoin custody, and much more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:11 - Jesse's thoughts on the FTX trial.03:50 - The impact of FTX selling Bitcoin into the last bull market.03:50 - Does the halving event matter?15:54 - Have we passed the event horizon for US debt?15:54 - What outsiders are missing about Bitcoin and the debt burdens.30:09 - How is Janet Yellen suggesting the US' interest expense could only be 1% of GDP?33:33 - Jesse's thoughts on AI and Bitcoin.50:20 - How and why multi-sig institutional custody is evolving right now.BOOKS AND RESOURCES<a href="https://twitter.com/Croesus_BTC?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="no

In this episode, William Green chats with Peter Keefe, an outstanding investor who’s trounced the market over three decades. Here, Peter discusses his timeless investing principles, what he looks for in a great business, how he evaluates the quality of management, why he loves Microsoft &amp; Markel, why managing money is a high calling, &amp; what investors can learn from apex predators.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:55 - How Peter Keefe taught himself to invest intelligently.&nbsp;07:59 - Why he loathed selling stocks as a broker on commission.28:12 - How Peter built a dazzling record based on timeless principles.31:49 - Why he views selling great businesses too early as his costliest mistake.38:46 - Why he ignores economic predictions.42:50 - Why he owns a concentrated portfolio of 10-12 stocks.47:39 - How Microsoft &amp; Markel embody what he looks for in a business52:

Clay Finck is joined by Christian Billinger to discuss his quality investing philosophy.Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:39 - What quality investing is and why it works.04:20 - How Christian assesses the reinvestment rate for a business and a company’s runway.10:27 - Why soul in the game is more important than skin in the game.12:58 - Qualities to look for to find operating managers with soul in the game.19:16 - Why Christian prefers investing in family-owned public equities.21:59 - Why he highly prioritizes removing the risk of losing money.25:48 - What differentiates Christi

During Preston Pysh's discussion with Allen Farrington, Allen provides critical thought experiments and challenges to many of the ideas that plague Wall Street and business schools.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro04:56 - What does the UFC have to do with economics and money?08:28 - The Efficient Market Hypothesis.19:18 - Is risk volatility?19:18 - The Capital Asset Pricing Model.31:10 - This is NOT capitalism.34:49 - The flaws in using GDP.44:21 - Thoughts on Bitcoin and derivative markets.44:21 - The societal implications of Bitcoin and beyond it's economic value.BOOKS AND RESOURCESAllen Farrington's Twitter.Allen's Website

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on kindness, they discuss what has made them Richer, Wiser, or Happier in the past quarterIN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:27 - How not to let negative emotions run21:15 - How to stay humble in your search for your approach32:36 - How to set up a process for validating the truth&nbsp;58:35 - How to play games you are equipped to win1:07:13 - How to understand the emotions of the best investors1:16:42 - How a job selling flowers can change your life&nbsp;1:30:21 - How to think about intentions when you want to help your fellow manDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune in to Stig Brodersen and Will

Clay Finck is joined by Shane Parrish to discuss his new book, Clear Thinking – Turning Ordinary Moments into Extraordinary Results. Many people fall prey to making decisions based on our instincts and our gut feelings. Shane’s book gives you the tools to recognize those moments that reshape how you navigate the critical space between stimulus and response.Shane Parrish is the founder of the highly-esteemed blog Farnam Street and also the host of The Knowledge Project Podcast, where he focuses on mastering the best of what other people have already figured out. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and Forbes.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.03:09 - How Shane differentiates between high-quality and low-quality information.10:30 - What the enemies of clear thinking are.12:36 - Why we should prioritize the outcome over

On today’s conversation with Daniel Hinton and Steve Jeffress, they talk about the idea of financial oracles and how the price of Bitcoin in US dollar terms is passively showing up in the data of the Bitcoin blockchain.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:39 - What is an Oracle and what is it needed for?06:42 - What is a UTXO?08:29 - What price information was discovered in the Bitcoin blockchain?10:17 - How was it found?10:17 - What are some other interesting things that have been found in the "heat-maps" of the data?31:32 - How could this discovery be used in the future?32:54 - Can you see the Hodl-waves in the data?47:34 - What are some of the more important things to focus on in Bitcoin?BOOKS AND RESOURCESUTXO.live to view the heatmaps.</

On today’s episode, Clay Finck reviews Michael Batnick’s book, Big Mistakes: The Best Investors and Their Worst Investments.&nbsp;One of the best ways to become a better investor is to learn from our own mistakes. The second best (and less costly) way is to study the mistakes of others. If you want to learn from the mistakes of the world’s greatest investors, then this episode was made for you.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:24 - Lessons from Batnick’s book from studying the mistakes of the world’s greatest investors.02:18 - How Benjamin Graham lost substantial capital during the great depression.07:14 - How Jesse Livermore taught us to always limit the potential downside.12:49 - How Long-Term Capital Management went from billions in AUM to zero almost overnight.16:40 - Michael Steinhardt’s mistake of stepping outside of his circle of competence.26:24 - What the endowmen

Preston Pysh and Dr. Peter St. Onge cover some of the current macro events and themes while also talking about a few parallels to the previous global superpowers of the past, like the Roman Empire.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:44 - Peter's overview of what's causing the inflation that happened after 2020.20:39 - What's happening in China and does Peter buy into all the headlines that it's got economic problems?33:59 - Peter's thoughts on Bitcoin and how it's going to be relevant moving forward.39:08 - A broad overview of the cyclical nature of great empires and Rome in particular.39:08 - The currency issues in Rome and what caused them to occur.49:22 - What type of social issues were experienced during the great Roman debasement?01:02:21 - Peter's thoughts on Gold vs Bitcoin.BOOKS AND RESOURCESPeter's <a href="https://ww

On today’s episode, Clay Finck is joined by Daniel Pronk and Jake Ruth to share the fundamentals of stock investing. They dive into everything they wish they knew as a beginner, the books they would read, and the biggest mistakes they would have tried to avoid.Daniel Pronk and Jake Ruth are the founders of Stock Unlock, which is helping transform everyday people into successful investors. Daniel is also popular on YouTube, as he has over 200k subscribers on his channel. Daniel and Jake are the perfect guests for the show to help make stock investing much more approachable and easy to understand.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:24 - How Daniel and Jake first got into stock investing.05:39 - The key lessons they would teach their younger selves.08:57 - Why compounding is so critical to understand as investors.16:25 - Why the best investors aren’t those with the highest IQ but those wit

IN THIS EPISODE, YOU’LL LEARN:What is at the intersection of Ai and Bitcoin?How Ai is able to synthesize enormous amounts of information.Why Ai models are actually going to be a decentralizing force.What incentives will attract the most data?Why training models from scratch isn't the most optimal path.Guy's thoughts on Sam Altman's World Coin.Why identity and Ai are becoming a paired combo and how to avoid it.Why immediate settlement is a necessity for Ai.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESGuy Swann's Ai Podcast.<stron

In this episode, William Green speaks with Chris Bloomstran, President &amp; Chief Investment Officer of Semper Augustus. This conversation has been divided into two episodes. Here, in Part 2, Chris discusses what we can learn from studying Berkshire Hathaway &amp; Warren Buffett; weighs the risks of Berkshire’s huge Apple stake; discusses Berkshire’s valuation; &amp; explains why the stock should beat the S&amp;P 500. He also talks about avoiding charlatans and living with integrity.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:38 - Why Chris Bloomstran says it’s so valuable to study Berkshire Hathaway.05:04 - How Warren Buffett thinks about intelligent asset allocation.06:59 - How share buybacks are mishandled by many companies.&nbsp;11:30 - How he values Berkshire, &amp; why it should outperform the S&amp;P 500.20:40 - Why most investors shouldn’t pick stocks for themselves.29:16 - How Chris manage

In this episode, William Green chats with Chris Bloomstran, President &amp; Chief Investment Officer of Semper Augustus. This conversation is so rich that it’s been divided into two episodes. Here, in Part 1, Chris explains how to achieve long-term success by seeking a “dual margin of safety” that comes from owning high-quality businesses at attractive prices. He also warns about the perennial dangers of irrational exuberance, which he now sees in hot stocks like Tesla &amp; Nvidia.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:45 - What Chris Bloomstran learned from his brilliant mentor, Robert Smith.08:17 - How Chris &amp; Robert skillfully sidestepped the dotcom bubble &amp; crash.10:00 - What lessons Chris drew from an early investment that fell to zero.35:17 - Why Chris named his investment firm after a crazily overvalued tulip.44:53 - What Sir John Templeton saw as the best antidote to financial insanit

On today’s episode, Clay Finck is joined by Aswath Damodaran who is widely referred to as the dean of valuation.&nbsp;Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks.&nbsp;He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.01:42 - Whether recent technological advances should lead us to think about investing. differently than in years past.03:23 - The role intangible assets play into valuation.07:08 - How he determines which companies he wants to dive in and research.14:40 - How Aswath thinks about setting an appropriate discount rate in valuation.20:49 - His thoughts on whether investors should deem the US treasu

Bitcoin core developer and author Jimmy Song recently published a new book titled Fiat Ruins Everything. In this episode, Preston Pysh and Jimmy highlight some interesting perspectives on how the money is not only changing the way businesses conduct themselves, but also how it’s impacting family values, culture, and relationships.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:59 - Why Jimmy doesn't need NFTs.07:55 - How Alt-coins use Bitcoin to rent-seek.12:04 - How fiat undermines work.15:24 - How fiat ruins incentives for the individual.46:39 - How fiat ruins incentives for the organization.46:39 - How fiat has created the crazy VC environment.57:14 - What is the Frankfurt School Conundrum?01:01:52 - How fiat is impacting family values.01:01:52 - How fiat is changing culture.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platfor

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put Constellation Software on his watchlist and is waiting to buy the dip. Hari’s pick, Brookfield Corporation, is one of the world’s largest alternative investment management companies with over $725B of assets under management. Tobias pitches Winnebago, a value stock coming off the strong demand from COVID.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:33 - Why Hari is bullish on Brookfield Corporation (BN)07:56 - Why Hari is not bullish on Brookfield Asset Management (BAM)22:37 - Why Stig is bullish on Constellation Software (TSE: CSU)37:13 - Two different methods to value Constellation Software59:39 - Why Tobias is bullish on Winnebago Industries (WGO)1:11:52 - How can you pitch your stock to the TIP Mastermind Community&nbsp;1:47:02 - How to meet up with TIP in NYC in October</

Clay Finck is joined by Bob Muglia to discuss the AI boom, Bob’s experience working with Bill Gates, and how he helped lead Snowflake from $0 to $200 million in revenue during his tenure as CEO.Bob Muglia is a prominent technology executive known for his influential roles at Microsoft, including Senior Vice President of the Server &amp; Tools Division, and is also the former CEO of Snowflake, a leading cloud data warehousing company. Bob helped lead Snowflake to go from zero to a $200 million business. Today, he remains a key figure in the tech industry, contributing his expertise in various leadership and advisory positions.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:11 - How Bob first got immersed in the technology industry.05:58 - Bob’s lessons from working with Bill Gates and Steve Balmer.10:34 - When he realized that data was going to be one of a company’s most valuable assets.12:40 - Wha

IN THIS EPISODE, YOU’LL LEARN:Why money has been at the crux of global conflict since time immemorial.Why can't a government entity just fire-up 20,000 nodes and try to fork the code?Lyn's thoughts on Greshem's law and Bitcoin.What would a bitcoin would look like with no unit abstraction?How do Taxes change in a bitcoin world?Does Bitcoin need smart contracting to compete with other protocols?The privacy trade-off is something that many want, what is Lyn's point of view?Why couldn't Adam Back improve the Bitcoin code?What is the fundamental trade-off between PoW and PoS?Lyn's discussion of volatile vs non-volatile computer memory when trying to understand PoS and PoW.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLyn Alden’s boo

In this episode, Stig Brodersen and Preston Pysh talk with Lyn Alden about her new book, Broken Money. In this first part episode of two, you’ll quickly hear why Stig and Preston think Broken Money is one of the best books they read in 2023.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro03:50 - Why the current monetary system is broken08:02 - What commodity money is and why it’s relevant to understand today28:33 - Why the fractional banking reserve system is like a game of musical chairs47:36 - How important the strength of the US military is for backing the US dollar51:17 - How debasement of currencies can fund wars1:01:31 - The role fiat currencies have played in wars1:06:02 - How do wealthy countries push inflation and volatility to emerging countries?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

Clay Finck is joined by Jacob McDonough to discuss Berkshire's 1962 beginnings, Warren Buffett's turnaround, and its rise to a $800B valuation by 2023.Jacob McDonough is the author of the book Capital Allocation, which covers the financials of Berkshire Hathaway from 1955 through 1985, and he’s the host of the 10-K podcast, where he dives into the annual reports of various companies from decades ago, such as Geico and GM.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:02 - Why purchasing Berkshire Hathaway’s stock was one of Buffett’s worst investment decisions.05:51 - How cheap Berkshire’s stock was when Buffett purchased it.10:26 - The initial steps Buffett took to turn Berkshire’s business around.13:12 - Why Buffett’s emphasis on cutting costs was so critical to Berkshire’s early success in the mid-1960s.17:37 - The pivotal moment in 1967 that changed everything for Berkshire Hathaway.20:06

Preston Pysh brings Blockstream's Adam Back and James Macedonio to the show. They talk about Blockstream’s efforts to develop their very own ASIC miner and what it takes to take something like that to market and all the challenges that are associated with it.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:23 - Why is building an ASIC like building a high-performance race car?10:02 - How do you think through production and reliability when building an ASIC?10:02 - How can one test the reliability of an ASIC when its actual performance is always on?15:05 - Why is there so much inventory of ASICs on the market right now?24:29 - What is the Blockstream BASIC note?24:29 - What was the performance of the previous Blockstream Mining Note and how is it different than the BASIC?41:35 - Some people say layer 1 bitcoin might become too costly and layer 2 can't scale, what are your thoughts?46:

On today’s show, we bring back oil expert Josh Young to give an update on the oil market. This discussion touches on Buffett’s updated oil positions, why OPEC is encouraging others to invest more in oil production, the impact of the China reopening on global oil demand, and more.Josh is the Chief Investment Officer and Founder of Bison Interests, which focuses on investing strictly in oil and gas equities.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.01:53 - The highlights of the oil and gas market in 2023.04:08 - How Buffett has shifted his investments in oil.11:00 - Why OPEC is sounding the alarm bells on a shortage of oil.16:13 - The impact of the China reopening on oil demand.23:03 - Josh’s thoughts on the USA dumping their SPR reserve while China is building their reserves.29:14 - How a rollover in shale production may impact oil prices.33:13 - How heavily the supermajors are reinves

IN THIS EPISODE, YOU’LL LEARN:What is currently happening with SBF going back to jail?What is the status and impact of the SEC Vs GBTC lawsuit on a Bitcoin ETF?What is happening in global Fixed Income?Where are we at in the current credit cycle?Is energy getting ready to break-out?What happens with Bitcoin into the end of the year?BOOKS AND RESOURCESJoe Carlasare's Twitter.Joe's Legal Practice.Steven McClurg's Twitter.<a href="https://valkyrieinvest.com" rel="noopener noreferrer" target="_bl

In this episode, William Green speaks with Michael Berg, a great scholar &amp; author who draws on the ancient wisdom of Kabbalah to explore how we can build lives that are truly richer, wiser, &amp; happier. Here, Michael discusses how to extract more pleasure from whatever wealth you have; why sharing your money &amp; time builds a greater sense of abundance; how to support your kids without sapping their desire to succeed; why deferred gratification is a superpower in business &amp; life; how to handle challenges &amp; adversity; &amp; why the real key to happiness is appreciation.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro17:01 - Why Michael Berg sees no conflict between a spiritual life &amp; material success.20:17 - How our own actions open or close the “channels of abundance.”22:38 - Why Sir John Templeton called tithing “the single best investment.”32:44 - Why Charlie Munger reveres Maimonides, a 12th-centu

Clay Finck reviews the 28 psychology of human misjudgments in Peter Bevelin’s book, Seeking Wisdom. One of the best ways to behave more rationally is to understanding our own shortcomings biologically which we are oftentimes unaware of. This episode dives deep into these shortcomings, and how we can sidestep them to invest more wisely.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro4:11 - Many of the human misjudgments that Charlie Munger has spoken about extensively.4:34 - What bias by mere association is.8:41 - How rewards and punishments influence our behavior.14:51- How self-interest and incentives drive decision-making.24:40 - The bias of self-deception and denial.26:00 - The bias of being consistent with our prior actions.30:11 - The status quo bias.31:42 - How investors can exploit the tendency of humans to be incredibly impatient.36:58 - The anchoring bias.43:51

Preston Pysh and Rod Roudi talk about how Rod participated in a local Bitcoin meetup in his hometown and took things to the next level by creating an entire park that has attracted numerous developers and Bitcoin builders to the city.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:17 - How did Rod run the initial Nashville Bitcoin meet-up?09:23 - What is the mission at Bitcoin Park?09:23 - What should people consider for their own local meet-ups?14:19 - Is it important for people to engage with policymakers about Bitcoin?27:24 - What were some of the key takeaways Rod had from the recent Bitcoin Lightning Summit in Nashville?47:55 - What is Rod doing with Cathie Woods' Ark?BOOKS AND RESOURCESRod's Twitter.<a href="https://twitter.com/bitcoinpark_"

On today’s show, Stig Brodersen and Preston Pysh are co-hosting an episode for the first time since 2019. They talk about how they met each other and the early days of their company. They also discuss how their investment approach has evolved over the years.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:18 - How Preston and Stig met each other and how The Investor’s Podcast got started08:20 - How the early days were at TIP before it became a real company24:32 - If Preston invests in stocks and how his portfolio looks like39:45 - What Stig’s bitcoin portfolio allocation is54:51 - Whether Preston will attend the Berkshire Hathaway shareholder’s meeting again1:17:35 - What the future holds for TIPDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESStig and Preston

Back by popular demand, we bring back Chris Mayer to chat about his book,&nbsp;How Do You Know – A Guide to Clear Thinking About Wall Street, Investing, and Life. This book is one that really made us think as it is not your conventional investing book and questions much of traditional thinking in the world of finance. If you’re interested in becoming a better thinker as an investor, then this episode is a must-listen.Chris is the author of&nbsp;100 Baggers&nbsp;and&nbsp;How Do You Know?, and the co-founder and portfolio manager of Woodlock House Family Capital.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:13 - How being a learning machine has impacted Chris as an investor.07:30 - Chris’s goal as a long-term investor in public equities.09:59 - What general semantics is, and how it relates to investing.10:42 - Finance terms that investors use that muddy the waters of how people thi

Preston Pysh is joined by Perianne Boring to talk about the current policy and political situation surrounding the Bitcoin ecosystem. They talk about the current bills, the numerous presidential candidates proposing Bitcoin policies, and what that might actually look like in application if they’re elected.Perianne is the founder and CEO of the Chamber of Digital Commerce. She’s been working on Capitol Hill with policymakers educating them on Bitcoin for nearly a decade.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:24 - What is the Chamber for Digital Commerce?01:24 - What is the Market Structure Bill and why is it important?13:51 - How long will a bill like this potentially take to become a law?10:50 - Is there a broader initiative with the SEC and their suit against Coinbase?17:08 - RFK recently announced policy initiatives for Bitcoin, what are they and what is the viability?26:51 - What are

Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:10 - Why we should care about current market conditions as long-term investors.09:27 - David’s assessment of current market conditions and the Fed’s job in managing inflation.13:08 - How long it takes for interest rates to flow through to the broader economy.16:49 - The role international stocks can play in a portfolio.2

Preston Pysh and Alexander Leishman talk about whether the Lightning Network has the scaling capacity to take on global transactions without centralizing forces compromising the Bitcoin mission.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:19 - A Bitcoin ETF and what it means.04:15 - Is the competition from other domains causing the SEC to approve an ETF?05:23 - Is there concern with Bitcoins from ETFs being used to create yield inside the ETFs?09:55 - Explain the Lightning API at River.13:44 - Is Bitcoin scalable with just Lightning?13:44 - Is the Bitcoin layer 2 Ark Proposal a viable solution for Layer 2?27:19 - Is AI something that needs Bitcoin layer 2 to scale?35:46 - Why did you found River - what was the value proposition?41:47 - What was life like at River with all the "crypto crackdown" happening?43:42 - What are the incentives for people to own their own rig and

Clay Finck chats with Brian Feroldi about the valuation mindset spectrum, and how investors can determine which valuation approach investors should use when analyzing a company.Brian Feroldi is an expert content creator in the investing space and a writer and contributor to the Motley Fool.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:32 - What the valuation mindset spectrum is.04:50 - The long history of value investing.10:00 - How investors should think about the valuation spectrum in regards to their own investment approach.14:47 - Different valuation methods investors can use in their toolkit.32:23 - Brian’s view on stock-based compensation.42:45 - His biggest lessons from the investing the past couple of years.46:27 - Where on the valuation mindset spectrum Brian prefers to invest.46:53 - Why venture capital investors largely ignore Buffett’s #1 rule of investing.<

IN THIS EPISODE, YOU’LL LEARN:An overview of Game Theory.The critical difference between infinite and finite games.What Satoshi had to consider when designing Bitcoin from the start.What are some of Scott's favorite game theory aspects found in Bitcoin?How game designers account for skilled players playing a game with unskilled players.What Volatility does to a games design.How Scott designed a playable game around Bitcoin.The iteration process for designing games that are playable and balanced.BOOKS AND RESOURCESHodl-Up Game.Scott's Company: Free Market Kids.<a href="https://www.freemarketkids.com/pro

In this episode, William Green speaks with Arnold Van Den Berg, who spent the first years of his life in hiding during the Holocaust &amp; overcame enormous obstacles to become a renowned investor. Here, Arnold shares practical tools, techniques, &amp; principles that helped him gain control over his mind &amp; body so he could lift himself out of poverty &amp; depression. His mission: to guide &amp; empower others on their journey toward happiness, success, &amp; prosperity.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:09 - How this conversation fulfills Arnold Van Den Berg’s decades-old dream.09:43 - How he began his career by collecting garbage &amp; working in a gas station.&nbsp;12:35 - How a stranger’s kindness changed him forever.21:01 - Why Arnold grew up believing he was dumb &amp; was going nowhere.39:35 - What he learned from his mother’s incredible courage in Auschwitz.&nbsp;52:33 - How he

Clay Finck chats with best-selling author, Gautam Baid. We cover the passionate pursuit of lifelong learning, how he achieved his dream of being a professional portfolio manager, why he puts the majority of his focus on high quality businesses, why India’s time has arrived, and much more.Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro03:38 - Where Gautam’s passion for value investing and lifelong learning originated from.07:07 - The realization that Gau

Preston Pysh brings John Dennehy to the show. John is member of a nonprofit organization called My First Bitcoin. The organization created a robust curriculum around Bitcoin and how local citizens, students, business owners, or even government officials, can participate in this 10 week all in-person course.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:16 - How John got involved in creating the My First Bitcoin non-profit.06:09 - An overview of enrollment and impact.12:12 - The Power of Money.17:33 - From Barter to Bitcoin.27:53 - Discovering the Dark Side of Fiat.30:19 - The Future Can Be Decentralized.33:49 - Unveiling the future of money and immediate settlement.37:20 - Self-custody.37:42 - Advanced topics in Bitcoin.37:42 - Bitcoin mining and security.41:24 - Student reactions after completing the course.BOOKS AND RESOURCES<

Clay Finck chats with Dan Rasmussen about why Japanese equities offer some of the most attractive valuations in the market today, how stretched growth stock valuations are relative to value and much more.Dan is the Founder and Portfolio Manager of Verdad, which is a global asset management firm that strives to achieve the highest risk-adjusted returns possible through rigorous research and its practical application.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:45 - Contrarian views of the market Dan holds relative to the rest of the market.05:14 - Why the US is overvalued relative to international stocks.09:19 - Historically how undervalued value indices are.13:27 - Why Dan is bullish on Japan.13:44 - The value mandate that Japan put in place to try and juice stock market valuations.24:11 - Dan’s views on Japan’s policy of yield curve control.24:42 - What’s keeping investors away from J

Clay Finck talks with Charles Clinton on today's show, diving into commercial real estate and EquityMultiple. They discuss trends in prices amidst interest rate hikes, and how EquityMultiple ventures into niche asset classes like self-storage and car washes.Charles is the co-founder and CEO of EquityMultiple, which is a leading online investment platform that is leveraging technology to help modernize the real estate industryIN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:35 - The macro trends that stand out in commercial real estate over the past decade.07:49 - What segments are included in the world of commercial real estate.09:07 - What attracted EquityMutliple to get into investing in self-storage units and car washes.15:00 - How Charles is seeing commercial real estate prices trending in light of interest rate hikes.24:28 - Why Charles is avoiding office space at current valuation levels.33

IN THIS EPISODE, YOU’LL LEARN:IntroWhat happened when Jason posted a Bitcoin poster on his wall at workJason's deep dive into Bitcoin Mining and the environmental impactIs Bitcoin an extension of Occupy Wall Street?Bitcoin and Too Big to Fail BanksCan Bitcoin make War less prevalent?How does Bitcoin impact developing nations around the world?Why Wealth inequality is a systemic issue created by the type of money we useWhy Bi-partisanship is so important for Bitcoin growth in all nation states. BOOKS AND RESOURCESJason Maier's TwitterJason's Book, A Progressive's Case For Bitcoin</a

In this episode, William Green chats with famed author Pico Iyer about how to create a life that’s truly richer, wiser, &amp; happier. Pico has written 15 books &amp; delivered 4 TED Talks that have received nearly 12 million views. Here, he shares profound &amp; practical insights drawn from his vast range of personal experience: he’s spent decades as a travel writer; befriended everyone from the Dalai Lama to Leonard Cohen; lost everything he owned in a wildfire; &amp; built a remarkably peaceful &amp; productive life in a tiny apartment in Japan.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:41 - Why Pico Iyer relishes the calm simplicity of his tiny, uncluttered home in Japan.08:01 - Why he doesn’t use a cell phone &amp; does most of his work without a computer.13:45 - What advice he gives to youngsters on making a life &amp; not just making a living.&nbsp;&nbsp;22:37 - Why going slow has become the ultimate lux

Clay Finck chats with fan favorite Ian Cassel about a wide array of topics, including the role of mentors in his development as an investor, the three characteristics of a business that lead to “Lightning in a Bottle”, and unconventional methods he uses to understand a business better than nearly all other investors.Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management. He is the founder of MicroCapClub.com and co-founder of the IntelligentFanatics.com.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.06:40 - The role networks and mentors have played in Ian’s development as an investor.10:47 - How Ian recommends going about finding and developing a relationship with a mentor.13:50 - How the microcap landscape has changed over the past 20 years.18:09 - What countries Ian is finding his best microcap ideas.19:33 - The three characteristics of a business that lead to “Li

Preston Pysh brings Brandon Quittem to the show to talk about his deep interest in biology and nature, and how the Bitcoin network is evolving in harmonious ways with nature.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:34 - Who is Brandon and his background in Fungi?01:34 - Fungi 101 and how they work with plants in the forest.01:34 - Mycelium and it's complex network under the soil.16:18 - How Bitcoin mimics Biology.18:39 - Proof of Work and how Fungi decompose organic matter.23:08 - Network Intelligence in Biology and economics.23:08 - Antifragility in Bitcoin and Biology.23:08 - Immune systems and Bitcoin.57:43 - Social Scalability in Forests &amp; Nature Vs Bitcoin.BOOKS AND RESOURCESBrandon Quittem's Twitter.<a href="h

Clay Finck completes his review of Howard Marks’ book –&nbsp;Mastering the Market Cycle. This is a wonderful book for understanding market cycles and where we are at in the cycle at any given time. Most investors aren’t aware of the cyclicality of markets and are prone to fall victim to greed and fear at the exact wrong times. Superior investors are aware of markets cycles, and position themselves to profit from them.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:33 - How Howard Marks thinks about the real estate cycle.13:02 - The three stages of a bull market and bear market.14:45 - Why cycles will continue indefinitely into the future.15:30 - How Isaac Newton lost a fortune in the South Sea Bubble in 1720.21:47 - The telltale sign to look for to almost be certain that you’re in a market bubble.33:41 - Why ‘silver bullets’ never pan out well for investors.45:05 - Why Oaktree thinks ti

Preston Pysh and Luke Gromen talks about the current events unfolding around the Fed’s current rate, hike, pause, whether this is it or will they keep on tightening in future meetings. They talk about the energy market, its impact on treasury yields, the Bitcoin shift that’s currently taking place, and more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:26 - The FED recently paused with their efforts to raise interest rates - what's happening?04:08 - Everyone's talking about the TGA needing refilled, what's actually happening?15:14 - How does the US Government need to issue 2.1 Trillion in the second half of 2023 and what's the impact?30:03 - What is happening with the current number of cardboard boxes and why is it important?37:52 - What's happening in the energy market right now?59:14 - Luke's thoughts on Blackrock Bitcoin ETF.01:04:25 - What's happening in US - China Relations right now?

In this special episode, William Green shares several fundamental, life-changing lessons that he’s learned from his conversations with Charlie Munger, Mohnish Pabrai, Tom Gayner, &amp; John Spears. The focus here is on powerful insights that can guide &amp; enrich you both in business &amp; life.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:37 - Why Charlie Munger thinks being ethical is a huge competitive advantage 17:16 - Why Munger urges you to get “toxic people” out of your life, &amp; do it fast.24:52 - How Mohnish Pabrai forges strong relationships based on trust &amp; fairness and how Mohnish’s success is built on David Hawkins’ insights in “Power vs Force.”36:09 - What William Green learned from Hawkins’ books that changed his life.46:36 - Why Munger won’t indulge in destructive emotions like anger &amp; envy.57:32 - How Markel CEO Tom Gayner infuses his business dealings with timeless values.

Clay Finck and Polina Pompliano discuss her book "Hidden Genius," exploring mental frameworks of high performers to unlock their full potential.After five years of writing The Profile, Polina Marinova Pompliano has studied hundreds of successful people and examined how they reason their way through problems, unleash their creativity, navigate relationships, and perform under extreme pressure.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:11 - How Polina defines success.04:40 - What people-based learning is and why it’s so powerful.06:41 - Why creativity is like a muscle that can be trained and improved upon.14:47 - How we can master the skill of mental toughness.27:16 - What an alter ego is and how it can be used to elevate our lives to the next level.34:04 - Challenges Polina overcame to go from working at prestigious companies like CNN &amp; Fortune to working for herself.55:50 - How t

Preston Pysh brings back expert digital asset attorney Joe Carlasare, and resonant realist American Hodl. These two are the perfect mix to cover the Binance and Coinbase battle currently taking place against the SEC.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro00:50 - Joe's overview of everything happening from a legal sense in the US over the past 6 months.00:50 - What is a TRO and how has the SEC used it against Binance?17:35 - Will the Ripple lawsuit have any impact on the the Coinbase or Binance situation?30:36 - How is all of this going to impact operations at Coinbase?32:07 - Potential commingling of funds at Binance.01:10:22 - The potential of the SEC freezing funds at Binance.01:10:46 - How long are things going to take moving forward?BOOKS AND RESOURCES<str

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on books, they discuss what has made them Richer, Wiser, or Happier in the past quarter.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:27 - How to curate a book list12:53 - How can you find books the same way as your pick stocks23:32 - Which books have made us Wiser, Richer, and Happier30:14 - How the master appears when the student is ready44:13 - Whether AI changes how books are written1:25:46 - How to encourage your peers to read1:42:16 - Why you should give books away as your hobby&nbsp;1:45:03 - Which two books have William recently read that he would recommendDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESList

On today’s episode, Clay reviews Howard Marks’ book –&nbsp;Mastering the Market Cycle. This is a wonderful book for understanding market cycles and where we are at in the cycle at any given time. Most investors aren’t aware of the cyclicality of markets and are prone to fall victim to greed and fear at the exact wrong times. Superior investors are aware of markets cycles, and position themselves to profit from them.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.03:32 - Why it’s important to understand market cycles to be a superior investor.11:05 - What drives market cycles and why they exist.23:14 - How to think about the economic cycle, and the governments role in managing the economic cycles.30:53 - How to identify where we are at in a market cycle.32:08 - Why the market’s mood resembles that of a pendulum swinging back and forth.32:30 - Why cycles are inevitable, and will likely always be a

IN THIS EPISODE, YOU’LL LEARN:What exactly is Zebedee and what makes it unique in the Bitcoin and gaming space?Could you describe, in layman's terms, the technology behind Zebedee's API for streaming Bitcoin sats?What are some use cases for Zebedee's API that game developers might find attractive?How could Zebedee change the landscape of the online gaming industry?How has Zebedee been received by the gaming community so far?&nbsp;Are there any new projects or product offers that you find exciting?How does Nostr potentially fit into all of this?What advice would you give to aspiring engineers who want to venture into this space?Where do you see Zebedee in the next 5-10 years?BOOKS AND RESOURCESAndré Neves&nbsp;Twitter

On today’s classic episode,&nbsp;we study Billionaire Peter Thiel. Peter&nbsp;co-founded PayPal and he was the CEO until the sale to eBay in 2002 for $1.5 billion. After the sale of PayPal, Thiel started a big data analysis company called Palantir Technologies.&nbsp;He also became the founder of a venture capital firm called Founders Fund. With this firm, Thiel became Facebook’s first outside investor when he acquired a 10% stake for as little as $500,000 in August of 2004.&nbsp;Peter’s personal net worth today is about $5 billion and he remains active in numerous tech businesses.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:26 - Why and how Peter Thiel is always inverting his thinking and why you should do the same.15:48 - Why do visionaries think in terms of a tipping point for employees rather than a tipping point for revenue.38:52 - Why computers replacing people is an angst narrative that is not true.44:

On today’s episode, Clay chats with Scott Patterson about his new book - The Chaos Kings.&nbsp;The Chaos Kings tells the story of the hedge fund that achieved average annual returns of over 105% from 2008 through 2019, and how Bill Ackman had a $27 million dollar bet that turned into over $2.6 billion.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:35 - Who the Chaos Kings are.05:38 - The story of Nassim Taleb and Mark Spitznagel setting up a hedge fund that delivered average returns of 105% annually.06:12 - How these hedge funds profit tremendously during times of calamity.16:14 - What led Nassim Taleb to get interested in the markets.24:55 - Why we should be mindful of just how uncertain the world and our global economy is today.complexity theory - What complexity theory is.28:51 - How investors can protect themselves from a black swan event.45:02 - How Ta

Preston Pysh talks to Bitcoin layer two Lightning expert Jesse Shrader on the show about all the fascinating stuff they have going on with their Amboss website. Amboss is a website that analyzes all the Bitcoin full nodes and immediately settling channels that are open between the nodes on the network.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:43 - How did Jesse get into Layer 2 Lightning Bitcoin?03:07 - How Jesse's background in class action lawsuits against big banks impacted the way he views Bitcoin.05:10 - How Jesse and his founder initially designed Amboss.05:10 - What were they trying to optimize for when they built Amboss?05:10 - What was Lightning like in the early days when opening channels?11:59 - How has the business plan changed for Amboss?14:43 - Is inbound liquidity an issue for Lighting adoption?24:37 - Comparison between the legacy financial system and Lightning.<

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Teqnion as the newest addition to his portfolio. Hari’s pick, Palantir, has recently traded at a 52-week high after a preceding 80% drop, and Tobias pitches Virtu Financial, a value stock with strong cash flows in uncertain times.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:35 - The group’s takeaways from the Berkshire Hathaway shareholder’s meeting06:00 - Why Hari is bullish on Palantir (Ticker: PLTR)24:46 - Why Toby is bull on Virtual Financial (Ticker: VIRT) as a trade but not as a “buy-and-hold.”&nbsp;41:37 - Why Stig has invested in Teqnion (Ticker: TEQ) as one of the five stocks he owns58:21 - Which questions to ask management if you get the opportunity01:17:07 - What the TIP Mastermind Community is and our plans to meet up

On today’s episode, Clay reviews Thomas Phelps’s book - 100 to 1 in the Stock Market, and also highlights writings put out by Akre Capital Management.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:30 - Common characteristics of companies that increased their share price by 100x.11:11 - Why most investors aren’t able to hang onto their winners as Phelps suggests.14:05 - Why good stock selection is much more important than good stock market timing.31:36 - Mental models Phelps uses to figure out the odds when investing.42:47 - Why we should invest with companies that align with our own values.45:29 - When to look for potential 100 Baggers.47:39 - The four categories of companies that were 100 Baggers in Phelps’s study.52:53 - Who is best equipped to be individual stock pickers.56:57 - Chuck Akre’s three-legged stool approach.60:15 - Takeaways from two of Akre Capital’s brillia

Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:15 - What was Anil trying to accomplish with the book?06:59 - Of all the mental models and paradoxes mentioned in the book, what does Anil find the most profound?12:22 - What is Jevon's Paradox?23:39 - Network Effects.29:52 - Reflexivity and how it applies to Bitcoin.32:56 - Why are the laws of Thermodynamics important?38:25 - Gall's Law.43:44 - What is the intransigent minority and why is it important53:31 - What is something the Bitcoin community could do better?57:50 - Anil's favorite books.<

In this episode, William Green chats with hedge fund manager Christopher Begg, who is the CEO, Chief Investment Officer, &amp; co-founder of East Coast Asset Management. Chris is also a revered professor at Columbia Business School, where he teaches the Security Analysis class that was originally taught by Warren Buffett’s mentor, Ben Graham. Here, Chris shares powerful lessons on how to identify high-quality businesses &amp; build a life that’s defined by a commitment to quality.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:54- How Chris Begg came to teach an investing class originally taught by Ben Graham.10:29 - What Chris learned from his ten fireside chats with Berkshire Hathaway’s Todd Combs.13:17 - What Buffett &amp; Munger taught Chris about focusing on a few great businesses.17:58 - How he finds undervalued stocks by asking, “Where are the clouds today?”26:55 - Why he’s bullish on Meta &amp; Google,

On today’s episode, Clay reviews one of Warren Buffett’s favorite investment books called&nbsp;The Outsiders&nbsp;by William Thorndike Jr.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:56 - How we should evaluate the performance of a CEO during their tenure.03:01 - How Henry Singleton led Teledyne to deliver a 20.4% average annual return to shareholders during his 30 year tenure.09:18 - How most CEOs think like foxes, while Outsider CEOs think like hedgehogs.22:15 - What it means to be an exceptional capital allocator.26:17 - How Katherine Graham from The Washington Post delivered a 22.3% average return to shareholders from 1971 through 1993.&nbsp;32:40 - The unconventional decisions that led Warren Buffett to become known as the world’s greatest capital allocator.52:55 - How Buffett thinks about constructing a stock portfolio.57:24 - The most common themes in studying Outsider

In part two of Preston Pysh's discussion with Tuur Demeester, they go deep into Tuur's latest report on why right now in particular is a great time to be a Bitcoin bull. Tuur talks about numerous on-chain metrics, and circumstances happening in the macro backdrop that only contribute to the bullish narrative.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?08:19 - Why do so many people have the urge to update the code base?11:17 - Why are inscriptions potentially good for L2?14:25 - Apps that are seamlessly working between L1 and L2.15:36 - What will future fees look like on both layers in 10 years or more?28:34 - Some of Tuur's previous writing and what he's focusing on now.BOOKS AND RESOURCESTuur Demeester's&nbsp;<a href="https://www.hope.com/content/dam/hope-assets/collateral/the-bitc

On today’s episode, Clay chats with John Jennings about his new book - The Uncertainty Solution.&nbsp;John Jennings is President and Chief Strategist of St. Louis Trust &amp; Family Office, which has $12 billion dollars in assets under management.&nbsp;He is also a member of the firm’s Management Committee, on its Board of Directors, and also serves on the Investment, Risk Management, and Trust Committees. John works closely with client families, advising them in all areas of wealth management.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:38 - Why humans are hard-wired to avoid uncertainty.06:40 - Mental models we can use to invest more intelligently.10:08 - How humans tend to react when faced with uncertainty.16:56 - Why we are wired to quickly come to conclusions and tend to confuse correlation with causation.27:17 - How the improbable is much more probable than we might expect.32:1

On today’s episode, Clay Finck brings back Tavi Costa to chat about the beginning of a commodity supercycle. Tavi gives a masterclass in why we are just in the beginning phases of a bull market for gold, silver, and hard assets like commodities.&nbsp;Tavi is a partner and portfolio manager at Crescat Capital. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CNN, among others.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.03:31 - Why Tavi believes we’re just at the beginning phases of a bull market for gold, silver, and hard assets like commodities.09:47- When the next wave of inflation may strike.21:21 - What the 4 pillars of inflation are, and why they all point to structurally higher inflation going forward.21:44 - Why the S&amp;P 500’s earnings are likely to roll over and decline in the near term.37:40 - Why yield curve inversions are bullish for gol

IN THIS EPISODE, YOU’LL LEARN:What do inscriptions actually mean for L1 and L2 bitcoin networks?Why do so many people have the urge to update the code base?Why are inscriptions potentially good for L2?Apps that are seamlessly working between L1 and L2.What will future fees look like on both layers in 10 years or more?Some of Tuur's previous writing and what he's focusing on now.BOOKS AND RESOURCESTuur Demeester's Bitcoin Reformation Article.Tuur Demeester's Latest article: How To Position For the Bitcoin Boom.Tuur Demeester's article from 2015: <a href="https://adamantr

On today’s show, we have the honor of interviewing legendary real estate investor and entrepreneur, Sam Zell.Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He is the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam has made many bold moves and investments, earning him a reputation as a savvy and fearless investor.One of Sam's most notable achievements was his role in creating the modern-day real estate investment trust (REIT) industry. He did this by founding Equity Office Properties Trust in 1997, which became the largest office REIT in the United States. In 2007, he sold the company for a record-breaking $39 billion.Joining us today as a co-host is David Greene, an accomplished real estate investor, and host of the BiggerPockets podcast, one of the most popular and highly-rated podcasts in the real estate investing space.

In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&amp;A session, along with his own thoughts on their answers.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.05:30 - Buffett and Munger’s thoughts on the commercial real estate.09:37 - Why value investors must evolve to the increasingly competitive world of investing.17:36 - How Buffett allocates capital to balance profits versus building out a competitive moat.33:04 - Munger’s stance on position sizing.38:16 - Buffett’s updated thoughts on Taiwan Semiconductor which is a business Berkshire entered and fully exited over a matter of months.40:09 - Buffett’s thoughts on the US Dollar’s status as the world’s reserve currency.54:40 - Common mistakes to avoid to live a good life.01:01:21 - Buffett and Munge

IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro 01:17 - Why Alex wrote the book.04:50 - How the IMF and World Bank actually put many countries into repression.09:30 - Do the leaders of structurally adjusted nations know that it's a malicious force.24:39 - How do the leaders think about the loans that just keep expanding.26:48: What's happening with the Chinese currency in many global south communities.33:46: What's one of the most striking finds of writing the book.36:46: Interesting stories about Bitcoin during his research.BOOKS AND RESOURCESAlex Gladstein's New Book: Hidden Repression.Alex's Organization, The Human Rights Foundation.NEW TO THE SHOW?Check o

On today’s show, Stig Brodersen talks with legend investor Mohnish Pabrai. In the interview, Mohnish Pabrai generously shares his investment framework and touches on various stocks, including Alibaba, Constellation Software, Reysas Logistics, and Shinoken. Disclaimer: Stig Brodersen is invested in Pabrai Funds.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:35 - How to stay objective when you get advice from someone you admire and like04:56 - Why the Turkey stock market is attractive10:05 - Mohnish Pabrai’s four steps to read annual reports27:22 - What happened to Shinoken, one of Mohnish Pabrai’s previous holdings40:56 - Mohnish Pabrai’s thoughts on Constellation Software and Mark Leonard49:44 - Mohnish Pabrai’s thoughts on Alibaba&nbsp;54:48 - How to live a truthful lifeDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

On today’s episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries.Both companies have strong competitive advantages, strong fundamentals, high insider ownership, and managers who think and act like owners, which led Clay to researching them further during this episode.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:05 - Clay’s biggest takeaways from reading 100 Baggers by Chris Mayer.07:00 - Chuck Akre’s 3 legged stool approach to compounding wealth.09:00 - Clay’s assessment of Topicus as an individual stock.08:00 - Topicus’s history as a business.10:00 - Why Topicu

IN THIS EPISODE, YOU’LL LEARN:What is the Technium and how did Kevin come to understand the term?Why are ecosystems NOT in equilibrium?How does technology have its on evolution?What are Kevin's thoughts on AI helping biology and longevity research?Does Biology seek efficiency and is that what we are trying to accomplish with technology?Thoughts about Kevin's new book, "Excellent Advice for Living".Kevin's experience with the 10,000 year clock.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESKevin's New Book, Excellent Advice for Living.Kevin's book, <a href="https://amzn.to/3AQNtGQ" rel="noopener noreferrer" target

Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a CAGR of 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&amp;P500.&nbsp;There is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:21 - The intrinsic value of Berkshire Hathaway and what the P/B of Berkshire Hathaway tells us &amp; what it doesn’t tell us.&nbsp;16:34 - How to think about depreciation and maintenance CAPEX19:02 - Why the insurance business is worth approximately as much as the energy and railroad businesses combined35:17 - How to think about Berkshire Hathaway’s bigger equity positions1:13:49 - Where you can use Berkshire Hathaway to park cash?&nbsp;</p

On today’s episode, Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.03:02 - Why we should read more history and study fewer forecasts.12:05 - Why “Don’t Fight the Fed” is a misguided investment strategy.22:15 - Why the ability to change our mind as investors is more critical now than ever before.28:37 - What base rates

Preston Pysh and Dylan LeClair cover Dylan's use of AI, programming, and on-chain analytics, what's driving the recent surge we've seen in the Bitcoin price since the start of the year, and what he's personally paying attention to in the general macro overview.Dylan is one of the lead writers and researchers at Bitcoin Magazine Pro and has some of the most interesting and well-researched takes on what's currently happening with the market.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:11 - What has Dylan been doing with Python, AI, and on-chain analytics?14:38 - A review of charts that Dylan is finding most important.29:23 - Does the lack of exuberance in the past cycle compress the spring for the next cycle?41:09 - What comes next from the G7 government on the crypto enterprise?52:39 - Dylan's thoughts on commercial real estate.53:47 - Dylan's thoughts on Binance moving forward.

In this episode, William Green talks with Jason Karp, a prodigiously talented investor &amp; entrepreneur whom he also profiled in his book, “Richer, Wiser, Happier.” Jason founded Tourbillon Capital Partners, where he managed $4.5 billion. He then quit the hedge fund business &amp; created HumanCo, a holding company that invests in the health &amp; wellness sector. Here, he speaks with extraordinary candor about his relentless quest for financial &amp; professional success, &amp; how his obsession with overachievement almost destroyed him.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:27 - How Jason Karp switched from underachiever to “hyper-neurotic overachiever.”09:32 - How his obsession with productivity devastated his health.25:01 - How he transformed his health, healing diseases that seemed incurable.35:34 - What he learned about how to eat well for health &amp; longevity.53:13 - Why it’s helpful to “co

On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 4 of our review of this incredible book.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.05:51 - What the holy grail of long-term value investing is.07:55 - Why Gautam prefers to invest in high quality businesses.10:26 - Why a company’s longevity of growth is much more important than its rate of growth.15:44 - Why Gautam is bullish on India.37:26 - Ways in which we can capitalize on inefficiencies in the markets.45:38 - How Gautam thi

IN THIS EPISODE, YOU’LL LEARN:What backs Bitcoin?CBDCs and what happens next.FedNow and what happens after it's launch.The actual impact of picking winners and losers for decades on end.The Skull of Satoshi.What it's like building a Bitcoin media company as an entrepreneur.Growing the Bitcoin Conference.GBTC and the campaign for shareholders to redeem the Bitcoin in the trust.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESRedeem GBTC Website.David Bailey's Twitter.The <a href="https://b.tc/conference" rel="noopener noreferrer"

In this episode, William Green chats with Samantha McLemore, the founder of Patient Capital Management. After graduating magna cum laude from Washington &amp; Lee University, she was hired by investing legend Bill Miller &amp; spent 20 years working with him. They co-managed Miller Opportunity Trust, a top-performing mutual fund, for a decade until Bill recently retired &amp; anointed her as his successor. Here, Samantha shares what she’s learned over the last two decades about how to outperform by thinking differently &amp; developing a behavioral edge.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:09 - How Samantha McLemore &amp; Bill Miller met while she was an undergraduate.09:53 - How an insurance settlement from a dog bite sparked her interest in investing.16:55 - What it was like being with Bill as the market crashed after 9/11.24:32 - Why Samantha &amp; Bill love to invest during times of fear, pessimism, &a

Trey Lockerbie invites the renowned Howard Marks, known for establishing Oaktree Capital with $140B in AUM and earning a reputation as an investing legend for his consistent performance, unconventional investments, and insightful memos. In their discussion, Howard shares his views on various topics, including A.I., Bitcoin, and his prediction that the financial markets are undergoing a significant transformation, which he believes is the third such occurrence in his illustrious 50-year career.Howard is the author of several books on investing, including "The Most Important Thing" and "Mastering the Market Cycles," which have been widely praised for their insights into the investment process.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro.01:53 - His prediction that the financial markets are entering a Sea Change, the third such event he has seen in his over 50 year career.02:16 - Why this Sea Change differs from normal market

James Lavish comes with decades of experience as a fixed income investor, and overall Bitcoin educator. On today’s show, Preston talks to James about how the evolving macro environment doesn’t seem to be hampering the price of Bitcoin, despite the numerous liquidity and central banking actions plugging the global economy.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:16 - What are the most important things to be focusing on in the second quarter of 2023?02:56 - What James thinks about the disparity between the US and European credit markets right now.18:04 - James' thoughts on the BTFP.37:14 - How Bitcoin performs for the rest of this year.37:38 - Could Bitcoin have a sell-off like we saw in March of 2020 with what might be brewing right now?45:31 - Portfolio construction for Boomers.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 3 of our review of this incredible book.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:15 - How journaling can make us better investors.07:00 - Why incentives are at the root of all human behavior.09:22 - How management incentives impact our long-term returns as investors in businesses.18:15 - Why being directionally right is more important than being precise in assessing the intrinsic value of a business.25:37 - How maintenance capex im

On today’s episode, Clay sits down with Chris Mayer to discuss the lessons from his book - 100 Baggers.&nbsp;&nbsp;Chris is the author of 100 Baggers, and the portfolio manager of Woodlock House Family Capital. Chris’s book was published in 2018, and has quickly become a favorite within the investing community. The book very clearly explains the ingredients needed for a stock to compound and grow to 100 Bagger status, which we discuss during this episode.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:16 - The primary characteristics of companies that reached 100 Bagger status.07:08 - How Chris views valuation when purchasing high-quality companies.09:51 - How Chris assesses the durability of a moat.18:15 - Why stocks are one of the best long-term protections against calamity and chaos.44:27 - Why Chris prefers to own companies with management teams that own substantial portions of the company’s stock.<

Trey Lockerbie welcomes back billionaire and legendary investor Mr. Jeremy Grantham. Jeremy has a reputation for accurately predicting future events, including nearly every single bubble bursting over his career. During their conversation, Jeremy shares his thoughts on recent bank failures, Fed policy, and other world issues.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro.01:51 - Jeremy’s general thoughts on recent bank failures and Fed policy.12:22 - A look at history and how long bear markets typically last.36:00 - How Apple and Microsoft are eating the S&amp;P 500?46:52 - And other significant global concerns that are of interest to Jeremy.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESRelated episode:&nbsp;Listen to <a href="https://link.chtbl.com/WSB466" rel="noopener norefe

Preston Pysh and Pierre Rochard talk about the current draft bill in Texas that's trying to limit Bitcoin mining and what this means in the broader context of state's rights and their competition between local jurisdictions.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:10 - Why Pierre was in the Texas Congress testifying about the benefits of Bitcoin and it's mining infrastructure.04:40 - Explain why Bitcoin is a National Security issue if a country fails to adopt and understand it.07:55 - How much settlement is currently happening on Bitcoin and why is that important?08:48 - Why Demand Response System are important to ensure grid stability.23:50 - Who is the customer of Bitcoin mining?36:08 - State rights issues and bipartisanship with respect to Bitcoin.38:08 - What is the cost of running the existing fiat system compared to Bitcoin?42:51 - Why CBDCs are so dangerous to freedom in the

On today’s episode, Clay Finck sits down with Daniel Gallancy to chat about the evolution of capital markets and how equity crowdfunding allows individual investors to get access to new investment opportunities.&nbsp;Daniel is the CEO of Atakama. Atakama is a cybersecurity company that is pioneering multifactor encryption, enabling unrivaled data protection through distributed cryptographic key management. Organizations rely on Atakama to protect their most sensitive data, even when identity or rules-based access controls fail.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro00:04:30 - How the venture capital space grew from nothing to a $750 billion industry.00:08:43 - How the returns of venture capital compare to public equity markets.00:11:46 - The difference between primary and secondary markets.00:23:26 - How private capital markets have evolved over time with new regulations.00:30:20 - Which reg

In this episode, William Green chats with Tom Gayner, one of the great long-term investors of our time. Tom is the CEO of the Markel Corporation, a global financial holding company, where he oversees about 20,000 employees. Here, he shares his time-tested advice on how to achieve enduring success in business &amp; investing while also building a happy &amp; fulfilling personal life.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:38 - How Tom Gayner made a fortune by setting up a retirement account at age 14.10:59 - What he learned from his grandmother about the glory of long-term compounding.16:29 - How to succeed through steady, persistent progress over long periods of time.30:00 - Why humor, fun, &amp; joyfulness are central aspects of Tom’s approach to work.35:15 - Why it’s so helpful to set down your thoughts, principles, &amp; values in writing.38:33 - Why we should bet on companies that do things

Trey chats with billionaire entrepreneur and investor, Mr. Andrew Wilkinson. They discuss various topics, including self-care and parenting, as well as exciting deals he collaborated on with Bill Ackman and Howard Marks.Andrew is the co-founder of Tiny, which has been called the Berkshire Hathaway of Tech companies. Andrew turned his first business, MetaLab, into a not-so-tiny conglomerate in a similar fashion to how Buffett turned an old textile mill into the juggernaut Berkshire is today.IN THIS EPISODE, YOU'LL LEARN:0:00 - Intro04:50 - The philosophies behind Tiny and how it operates.10:49 - How he partnered up with Bill Ackman and Howard Marks on some exciting deals.30:07 - Andrew’s insights from his conversations with Warren Buffett and Charlie Munger.35:56 - What it means to set “Anti-goals”.&nbsp;54:03 - The art and science of self care, de-stressing and delegation.59:00 - Andrew’s thou

Preston Pysh interviews Alfonso Peccatiello, better known as Macro Alf, to talk about how the banking system works, what might come next with the spreading global impairment, and what it might mean for Bitcoin and other asset classes.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:25 - Global perspectives and insights.05:28 - The impact of immediate withdrawals on banks' cash reserves.11:49 - Twitter debates: QE returns or not?11:49 - Dispelling Bitcoiners' mistrust in the banking system.28:43 - Piecing together the European inflation &amp; bond yield puzzle.34:52 - Predicting the 10YR-2YR inversion's future.34:52 - Shadow banking and insurance companies under the microscope.42:58 - Real estate and REITs in times of high debt and interest rates.42:58 - Examining inflation stickiness in today's economy.50:32 - Unexplored insights: What's being overlooked?55:33 -

On today’s episode, Clay sits down with Shawn O’Malley to provide an update on the banking crisis. For months, many have said that the Fed will continue hiking interest rates until “something breaks”. Shawn breaks down why it feels like the Fed broke something, and what it means for investors.Shawn is the chief editor and writer of our daily financial markets and investing newsletter. He aims to bring a value investor’s perspective to understanding current events.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro00:07:18 - What led to the recent bank failures of Silvergate, Silicon Valley Bank, and Signature.000:16:03 - How the Federal Reserve responded to prevent a collapse of the banking system.00:18:07 - How each crisis is setting a precedent and making impacts in the crises that proceed it.00:30:19 - Why Credit Suisse was forced to sell to UBS for pennies on the dollar.00:33:27 - What the recent drop in

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” They discuss what has made them Richer, Wiser, or Happier in the past quarter.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:31 - How to think about investing with an asset manager that yields a lower return and has good values, or an asset manager with a higher return and bad values.27:35 - The role of money vs. happiness for billionaires.48:55 - What Stig and William learned from Ray Dalio.54:51 - Why pain + reflection = progress.1:25:16 - What Stig and William learned from Charlie Munger.1:44:22 - Why William bought Alibaba and Seritage Growth Properties.&nbsp;1:53:09 - Which investing books made it to the top 5 for Stig and William for Q1 2023, and why.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

Trey brings back TIP fan favorite, Mr. Ian Formigle. Together they discuss the future of office and retail, the risks of capital calls in a downward market, and much more.Ian is the Chief Investment Officer of Crowdstreet and our go-to expert on all things real estate, especially commercial real estate.&nbsp;IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro08:32 - Ian’s outlook for 2023, especially as it pertains to the risks surrounding bank failures and other illiquidity issues.15:01 - How interest rates and cap rates affect one another.18:58 - Which asset class has the most upside opportunity at the moment and which strategies will be most optimal.&nbsp;35:05 - Ian’s predictions on the future of office and retail.&nbsp;01:18:35 - The risks of capital calls, especially in a downward market.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differenc

Preston Pysh sits down with global macro and security intelligence thinker, Matthew Pines to talk about China and its deeply manipulated market conditions, Japan being a major choke point for international interest rates, central bank digital currencies, and many more interesting ideas.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:19 - How Matthew Pines became familiar with Bitcoin.03:26 - Was the balance of payments between net producers and net consumers a reason why we have so many global issues?07:29 - How often do companies Matthew consults with, bring up Bitcoin?11:59 - What is the impact China is going to have from a geopolitical standpoint?22:43 - How does Japan's interest rates underpin the rates around the world?34:44 - How geopolitical decision are extremely complex and not made with just a monetary lens.36:32 - What caused the dollar to change course in November?49:10 - Why

On today’s episode, Clay Finck continues his review of Gautam Baid’s book, The Joys of Compounding.&nbsp;Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:11 - The virtues of philanthropy and good karma.06:24 - How we can simplify both our investments and our life.14:45 - The importance of achieving financial independence.21:42 - How Charlie Munger achieved financial independence.26:28 - Why the key to success is delayed gratification.29:20 - How we can properly assess a management team.56:03 - The importance of using an investment checklist

William chats with renowned hedge fund manager Guy Spier. Since launching the Aquamarine Fund in 1997, Guy has beaten the S&amp;P 500 by 200 percentage points &amp; the MSCI World index by 364 percentage points. He’s also the author of “The Education of a Value Investor.” In this conversation, Guy speaks candidly about the challenges he’s facing, including his fear that Russia’s war in Ukraine could escalate, creating a systemic risk for investors. He explains how he’s positioning his portfolio to survive &amp; prosper in these perilous times, &amp; he shares practical advice on how to maintain equanimity amid all this uncertainty.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:56 - How living in a calm &amp; predictable environment helps Guy Spier to invest better.12:04 - How he resisted the temptation to buy overvalued tech stocks during the recent bubble.26:11 - Why we must beware of the psychological effects of rapidly

Trey invites Kristof Gleich, together they discuss a wide range of topics, including factor frameworks, advancements in behavior analytics, the qualities that set exceptional money managers apart, and more!Kristof is the President and CIO of Harbor Capital and is responsible for Harbor’s $40B of AUM invested in boutique managers from across the World. Prior to Harbor, Kristof worked at Goldman Sachs and JP Morgan.IN THIS EPISODE, YOU'LL LEARN:0:00 - Intro01:53 - How Kristof would summarize Q1 of 2023.14:48 - How working with a wide array of managers helps inform his worldview.26:52 - What makes a great money manager.39:13 - Factor frameworks and innovation around behavior analytics.&nbsp;63:34 - Why Active ETFs are having a huge surge in popularity, after years of indices ruling the investing world.65:46 - The life lessons Kristof learned from spending over 2 hours with Bill Gross (aka the Bon

Preston Pysh sits down with Steven McClurg, who’s the CIO at Valkyrie, and just an all-around brilliant macro thinker, to talk about the multiple bank failures, what it meant for the broader economy, Bitcoin, and more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro03:03 - What are the three things the FED is currently considering?26:15 - Why Silvergate, Signature, and Silicon Valley Bank are different than many other banks?31:29 - What rules from the Global Financial Crisis are currently impacting regional banks?52:26 - Is there a concerted effort by Wall Street and the government to remove onramps to Bitcoin exchanges?54:36 - Steven's thoughts on Custodia's bank application with the FED being denied.57:00 - What's going to happen with the GBTC suit with the SEC with respect to the ETF application?01:05:29 - What impact has paper bitcoin had on the market to date and Steven's expectation into the

On today’s episode, Clay Finck reviews Gautam Baid’s book, The Joys of Compounding.&nbsp;Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro05:54 - Why we should commit to lifelong learning.14:49 - How mental models can help us make more rational and effective decisions.16:53 - How understanding first principles can help us better understand the world around us.18:06 - What the Feynman Technique is and how you can use it to learn anything well.30:49 - What Warren Buffett and Bill Gates consider their most critical factor to their success.31:51 - Why the

Stig brings back one of our most popular and thoughtful guests, investment expert Lyn Alden. Together, they discuss how the Fed went broke and what the implication is for us as investors.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:28 - What is on the balance sheet of the FED.07:32 - Why the Fed should be profitable.11:36 - Should central bankers be elected?&nbsp;21:09 - Why Lyn is bullish on India and Brazil.36:39 - Whether the commercial bank system will allow a central bank digital currency.&nbsp;41:20 - How to build a monetary system for Argentina.49:12 - How to build a portfolio optimizing for both sleeping well at night and independence.&nbsp;54:00 - How do we know that what we know about financial markets is true.58:40 - Why you’re too concentrated if you’re super excited about your portfolio.1:01:50 - How to spend money to optimize for happiness.</

Trey chats with Dr. Graeme Forster. Together they discuss the success of legendary investors such as Jim Simons &amp; Orbis' founder Allan Gray, Graeme's shift from mathematics to value investing, and much more!Graeme is the Director and Portfolio Manager of Orbis, which currently manages around $30B.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:30 - Graeme’s journey from mathematics to value investing, &amp; exploring legendary investors like Jim Simons.26:14 - How Orbis’ founder and billionaire Allan Gray’s investing flexibility led to his success.36:35 - How Graeme balances the macro with a bottoms up approach.52:11 - A thesis which Graeme calls the Great Misallocation.&nbsp;58:40 - How good &amp; cheap companies outperform especially during bear markets.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.<

Preston Pysh takes his top five favorite moments and lessons learned about Bitcoin since starting the Bitcoin Fundamentals Podcast in 2020.&nbsp;IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro00:56 - Preston's 1st pick: Michael Saylor describing the importance of inflation being a vector21:28 - Preston's 2nd pick: Pablo Fernandez talking about how CBDC will drive a wedge between producers and consumers31:34 - Preston's 3rd pick: Cory Klippsten describing in detail how the alt coin / Silicon Valley VC game is a professional scam39:16 - Preston's 4th pick: Alex Gladstein describing how the IMF and World Bank cause debt slavery for developing countries around the world.58:22 - Preston's 5th pick: Gigi, Michael Saylor, and Jeff Booth describe the difference between Proof of Work and Proof of Sake and the ESG lie.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platfo

On today’s episode, Clay Finck does a deep dive into Constellation Software (Ticker: $CSU).&nbsp;Constellation Software is a Canadian holding company that has acquired over 600 vertical market software businesses. The company was founded by Mark Leonard, and has delivered exceptional returns to shareholders since their IPO in 2006. The stock has had an average annual return of over 34% from 2006 through the end of 2022. If you are like Clay and enjoy learning about high-quality businesses, then you won’t want to miss this episode.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:01 - What makes Constellation such a high-quality business.08:32 - The similarities between Mark Leonard and Warren Buffett.09:57 - What Constellation’s business model is.19:32 - How Constellation garnered a reputation that founders are more than willing to sell to.21:39 - Clay’s takeaways from reading Mark Leonard’s shareholder l

Trey invites Richard Wilson. Together, they discuss his top 5 favorite books written by billionaires and tease out the lessons from each one.Richard is the Founder and CEO of The Family Office Club, which is the #1 family office association with over 4,000 registered family offices.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:02 - What a family office is and how it works.16:53 - The first thing you should focus on when setting one up.46:54 - Key lessons from Richard’s top 5 billionaire books.54:14 - Insights from billionaire keynotes from his events, including Jeff Hoffman, Grant Cardone and others.58:09 - The strategies that Richard finds most useful.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESVisit The Family Office Club <a href="https://familyoffices.com

Preston Pysh is joined by Bitcoin miner, investor and strategic thinker, Harry Sudock. They talk about the current status of the mining industry and how they're dealing with an all-time high hash rate combined with prices that are still significantly down. Harry shares his thoughts on the ever-changing policy and legal rules around Bitcoin and Bitcoin mining, and much more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:28 - Harry's thoughts on the massive amount of hash rate that has recently come onto the Bitcoin network.06:37 - Some considerations that many don't understand about the mining sector that make it so difficult to compete globally.14:41 - Harry's thoughts on policy and legal changes in the United States.22:09 - Why companies like Shell are now the primary sponsor of the Bitcoin Miami conference.25:11 - What is the biggest road block preventing them from actioning such a strategy?27:25 -

On today’s episode, Clay Finck reviews Joel Tillinghast’s book, Big Money Thinks Small, and does analysis on two companies built around acquisitions - Brown and Brown Insurance and Constellation Software.Joel is an incredible long-term investor as he has consistently outperformed the market and currently manages around $70 billion at Fidelity. Peter Lynch, who hired Joel at Fidelity, has described Joel as “one of the greatest, most successful stock pickers of all time.”IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:04 - Why some level of speculation is required in every investment.08:07 - What speculations are acceptable in Joel Tillinghast’s conservative investment approach.10:34 - What you need to understand about a company prior to investing.13:02 - Why Tillinghast avoids investing in gold.20:20 - Why investing in countries with the fastest GDP growth rate isn’t a wise investment strategy.29:

Stig speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Spotify as the newest addition to his portfolio. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Amgen, a value stock with strong downside protection in uncertain times.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro01:24 - Why Hari is bullish on Disney (Ticker: DIS)34:39 - Why Stig has invested in Spotify (Ticker: SPOT) as one of the five stocks he owns1:00:46 - Why Toby is bull on Amgen (Ticker: AMGN)1:31:18 - Whether Chatbot GPT will disrupt Google’s wide moat.&nbsp;Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMeet up with Stig, Toby, and Hari at the TIP events at the <a href="https://www.theinvestorspodcast.c

Trey talks to New York Times bestselling author William Cohan about GE's history, including founder Thomas Edison, Jack Welch's controversial career &amp; successes, Warren Buffett's investment on GE, and much more!William Cohan's latest book, titled "Power Failure: The Rise and Fall of an American Icon," chronicles the incredible history of General Electric, which was often the largest and most esteemed company in the world over its 130-year existence.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro07:31 - The origin story of GE, starting with founder Thomas Edison with backing from JP Morgan.11:19 - Why Charlie Coffin might be the best CEO of all time.23:54 - The dark side of Jack Welch and his career at GE, as well as the many successes.56:37 - How Jeff could have saved the company by listening to Bill Gross and Jim Grant.59:55 The debate on whether Jack handed his successor, Jeff Immelt, a “royal flush”

There has been a lot of news coverage on Sam Bankman-Fried and the FTX disaster and all the pieces that led to its final meltdown.&nbsp;Mark Goodwin is the writer of the newly released article covering all the ins and outs of this major financial news story. And we cover it all in this episode.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:33 - Mark's thoughts on the cover of the Magazine.05:35 - The timeline of FTX's founding.09:59 - SBF's network and how was it even possible.25:28 - Why and how SBF donated to 456 individual political campaigns.31:36 - Where did 80,394 Bitcoin go in the Luna Foundation?39:09 - Who was Nikolai Mushegian and why is he important?01:00:57 - The current digital dollar pilot program with the FED of New York and BNY Mellon.01:03:43 - Mark's thoughts on everything being about the dollar vs Bitcoin.Disclaimer: Slight discrepancies in the ti

On today’s episode, Clay Finck discusses the investment philosophies and framework of Terry Smith, who is the founder and CEO of Fundsmith and also known as the Warren Buffett of Great Britain.&nbsp;Smith started Fundsmith in 2010, and ever since has returned 478% to his investors versus his benchmark returning 256%. He did this using the simple framework of buying good companies, not overpaying, and holding them for the long-term.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:12 - Why Terry Smith only seeks to own high-quality companies.04:52 - How investors can go about determining the quality of a business.08:01 - How Terry Smith compares the valuation of his portfolio against that of the S&amp;P 500.15:15 - Why investors must be cognizant of stock-based compensation when valuing a company.29:28 - Why macroeconomic views and opinions are irrelevant for investors in quality businesses.46:39 Wh

William chats with Ray Dalio, one of the most successful investors of all time. Ray, whose net worth is estimated at $19.1 billion, founded the world’s largest hedge fund firm, Bridgewater Associates, which manages about $150 billion. He’s also the author of the #1 NYT bestseller “Principles: Life &amp; Work,” which has sold over 4 million copies. Here, Ray shares invaluable lessons on how to develop your own principles for success, overcome your biggest obstacles, construct a resilient portfolio, invest wisely in China, think rationally about Bitcoin, &amp; build a happy life that suits your personality. This is a true masterclass on investing &amp; life.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:42 - How Ray Dalio’s habit of writing down his principles changed his life.08:40 - Why it’s critical to understand yourself &amp; find paths that suit your nature.11:32 - What Ray discovered about his strengths, weaknesses, v

Trey speaks with accomplished real estate entrepreneur, Michael Sonnenfeldt, about his experiences and takeaways from his private club, Tiger 21, as well as his early life achievements and other topics. Michael is also the author of the book, "Think Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs."IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:46 - What Michael learned from achieving his dreams early in his thirties.19:59 - What he’s learned from subsequent wins and losses.36:16 - How it led him to found Tiger 21 and how he leverages surveys from the group to better understand the economy and preserving wealth.55:14 - Michael’s personal views on recession risks, education, meditation.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESVisit Tiger 21 <a href="

Preston Pysh talks with Luke Broyles about Bitcoin's impact from a monetary historical perspective. Luke has been creating a lot of great content around why Bitcoin is so important, how we're at the start of the information era, and why scarce digital monetary units are so vital at such a point in time.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro05:32 - An overview of monetary history.12:54 - Hyperinflation examples and boom bust empires.11:17 - Why we might be at the end of an era.47:32 - The global game theory.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLuke Broyles' Twitter Account.NEW TO THE SHOW?Check out our&n

On today’s episode, Clay breaks down four wide moat stocks to be considered for 2023. If you’ve been following along with the show for quite some time, you know that Warren Buffett loves companies with wide moats. These are the companies that are most equipped to handle the constant disruption occurring in the capitalistic marketplace.However, even some of the widest moat and highest quality companies can be a poor investment if you pay too high of a price, so I also brought that into consideration when selecting these four companies. If you enjoy learning about individual stocks and what makes a great company, you won’t want to miss this great episode.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:58 - What it means for a company to have a wide economic moat.03:53 - Why a wide moat is critical to assess and succeed as an investor.05:03 - Why technology companies offer some of the most attractive opportunities for v

Stig Brodersen has invited back investment expert Cullen Roche to discuss how to optimize your portfolio for financial independence and sleeping well at night.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:05 - What the difference is between CPI and PCE.08:31 - Whether central bankers should be elected?&nbsp;14:46 - What the velocity of money is, and how it impacts inflation?19:08 - What it means for inflation and the US dollar that the world is decoupling.28:19 - What a balance sheet recession is and why it is important to understand investors.34:15 - Whether the 60/40 portfolio is still working.41:02 - Which longer cycle we are missing in the financial markets.&nbsp;41:34 - Whether the next 40 years of stock market performance will look like the previous 40 years.46:28 - Whether central banks fight global warming?&nbsp;54:31 - Which portfolio to build for independence and

Trey chats with Joseph Shaposhnik. Joseph is the Portfolio Manager of TCW’s New America Premier Equities Fund. Joseph also serves as a Senior Equity Analyst in the equity research group with coverage responsibility for the industrials and basic materials sectors. Before joining TCW in 2011, he was an Equity Research Associate at Fidelity, focusing on the semiconductor and entertainment software sectors.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:52 - Unconventional wisdom and strategies that Joseph has learned from working under Joel Tillinghast, Will Danoff and under mentorship from Brian Jellison.28:40 - How he has shaped his strategy for his fund that has outperformed it’s benchmark by 3.5% since inception.37:16 - An overview of some of the funds top holdings, including Constellation Software, Factset and Broadcom.&nbsp;50:17 - Insights from Buffett’s investment in TSM and Precision Castparts.And a lot

Pierre Rochard comes back to the show to do a deep dive into ordinals and the impact of people being able to put NFTs onto the base layer of the Bitcoin protocol. Many people in the space are currently debating whether this is a good thing or a bad thing, and there's no one better than Pierre to provide a good objective look at what it means and whether it potentially presents an attack vector to the protocol in the long term.Pierre has an in-depth understanding of the code, how exchanges work, mining, and everything else in between.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:30 - What are ordinals?11:37 - A background on the current mining company that nearly filled an entire block with a .jpg file.29:07 - The idea of a soft fork limiting an op-push in the input / output portion of each block.34:50 - A history on what updates occurred that allowed this to start happening on layer 1 Bitcoin.50:20 -

On today’s episode, Clay reviews Warren Buffett’s shareholder letters and shares his takeaways, and distills some of the biggest lessons he learned. If you asked a lot of value investors, they would tell you that reading Buffett’s letters is equivalent to an MBA on value investing and business. Buffett has a lot to teach us as investors as he has grown the value of Berkshire shares by over 3,600,000% since he took control of the business in 1965.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro07:44 - What Berkshire’s “Big Four” businesses are.13:16 - What Buffett looks for when investing in a business and what he looks for in a management team.14:19 - Why Buffett loves share repurchases and why they give me further vindication that a stock is cheap.18:28 - Why it pays to treat your colleagues and shareholders like partners.24:49 - Why industries with constant change should be avoided by investors.28:36 - H

William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the Richer, Wiser, Happier podcast: Joel Greenblatt, Bill Miller, Howard Marks, &amp; François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty &amp; handle the emotional challenges of investing in turbulent times. William adds his own observations, drawing on his conversations with these great investors &amp; with legends like Sir John Templeton, Peter Lynch, &amp; Charlie Munger.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:34 - How a disastrous investment taught Joel Greenblatt that anything can happen.10:34 - What Fidelity legend Peter Lynch learned from a shocking setback early in his career.&nbsp;12:06 - How to protect ourselves from uncertainty, bad luck, &amp; our own analytical mistakes.12:49 - Why Howard Marks warns that you shouldn’t push the l

Trey brings back financial historian, Jamie Catherwood. Jamie is a Client Portfolio Specialist at O'Shaughnessy Asset Management and the author of the popular blog, Investor Amnesia.Trey and Jamie discuss the historical viewpoint on a post-bubble world, the impact of 1800s markets on our current market outlook, and more.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:45 - How markets from the 1800’s can inform how we view our market today.13:27 - How the frauds of today like FTX draw similarities to frauds of the past.31:00 - How the crypto market resembles the early days of the stock market.40:32 - Why market regulations developed in the US.54:10 - Where the term “bankruptcy” comes from.55: 30 - Other fascinating facts and stories from the past.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOO

Preston Pysh is joined by Bitcoin Lightning expert Justin Rezvani. Justin is a Forbes 30 under 30 and has some fascinating stories as a tech entrepreneur.Justin discusses how he sees the creator economy evolving with immediate settlement happening on the Lightning Network, and how people are going to be compensated for holding their own data and content instead of the big platform owners.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:15 - Justin's background as an entrepreneur.01:20 - Justin's advice for young entrepreneurs.06:46 - How Justin found Bitcoin.06:46 - Justin's new application, Zion, and how it fits into decentralized social media.09:52 - How Justin became familiar with the Lightning Network.11:50 - Justin's opinions about the Creator Economy at large.26:28 - Decentralized Web Nodes and Web 5.Disclaimer: Slight discrepancies in the timestamps may occur d

Clay reviews Guy Spier’s book, The Education of a Value Investor. Guy Spier is a renowned hedge fund manager who has beaten the S&amp;P 500 by almost 250 percentage points since launching the Aquamarine Fund in 1997. He has also been a guest on We Study Billionaires several times, including episode #14 released all the way back in 2014.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:27 - Guy’s story and background, and the critical mistakes he learned from the journey.06:39 - How studying Tony Robbins and Warren Buffett changed his life.19:48 - How writing handwritten letters helped Guy forge and develop extremely valuable and fulfilling relationships.23:20 - What led Guy to purchase a charity lunch with Warren Buffett.43:54 - What he learned from experiencing the great financial crisis as a fund manager.51:45 - Why Guy values fulfillment and a life well-lived over money.D

Trey chats with Eddy Elfenbein, a portfolio manager and editor of the blog Crossing Wall Street. They discussed his Buy List for 2022 and reviewed his list for 2023. Eddy's 'Buy List' has beaten the S&amp;P 500 by 102% over the last 17 years.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:08 - How the 2022 list performed during one of the worst stock market years on record.06:12 - Which five stocks Eddy swapped out for 2023 and why.20:58 - Which stock performance surprised Eddy the most.39:07 - An overview of the 2023 list and which stocks the TIP finance tool considers to be the most undervalued.47:39 - Eddy’s thoughts on the markets.&nbsp;Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESThe Buy List for <a href="https://www.crossingwallstreet.com/buylist" rel="noopener

Lyn Alden and Alyse Killeen talk about all the emerging businesses and ideas currently happening in the Bitcoin Lightning Network and where they see the space moving in the coming 12 to 24 months.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:12 - What are most important things that Lyn and Alyse are tracking going into 2023?03:59 - What is the current state of the Bitcoin Lightning Network?15:36 - How do they see stable coins versus CBDCs progressing in the coming year?15:36 - Thoughts on Taro and whether it's a distraction to Bitcoin.38:52 - Lyn's thoughts on inflation in places like Egypt and Argentina.43:55 - Lyn's thoughts on the dollar and Global M2.01:05:51 - What's one of the most exciting things happening in the VC space?01:05:51 - How do Lyn and Alyse think about intrinsic value in the VC space?01:19:30 - Lyn's thoughts on the changes to how CPI is calculated.

On today’s episode, Clay reviews Mohnish Pabrai’s book, The Dhandho Investor. Mohnish is one of our very favorite investors to study here at TIP as we’ve interviewed him for the podcast multiple times in the past. Since its inception in 2000, Mohnish’s flagship fund has achieved a return of 781% to his investors net of fees versus 378% for the S&amp;P 500.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:19 -The story of the Patels, who went from owning nothing in the US, to owning over 50% of the motel industry.11:33 - The 9 Dhandho investment principles.14:24 - How Dhandho investors are able to earn outsized returns with minimal risk.25:09 - How to identify bargains in the market.32:17 - The relationship between investing and gambling.39:17 - Clay’s analysis on Mohnish’s largest US equity holding today.49:46 - Mohnish’s investing checklist he uses prior to purchasing a company.

Trey invites Patrick Carroll, the founder and CEO of Carroll, which is a multi-billion dollar real estate investment firm. Patrick is a self-made entrepreneur with boundless ambition and has built his empire from scratch. Together they discuss today’s real estate markets and so much more!Patrick has risen from the school of hard knocks to become the success he is today.&nbsp;IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:47 - Today’s real estate markets and how they eerily resemble 2008.14:50 - How real estate investors and more importantly, lenders, are navigating the current landscape.22:34 - Why multi-family is looked at as the least risky real estate asset.&nbsp;36:39 - Why a large majority of Gen Z’ers are living with their parents and how the $68 trillion dollar wealth transfer from baby boomers will affect the real estate market.&nbsp;44:10 - What indicators Patrick relies on.&nbsp;<p

Preston Pysh interviews Lyle Pratt, an entrepreneur of multiple successful businesses, and a telecommunications and spam expert. They talk about the intersection of the Bitcoin Lightning Network and how it offers a solution to the worsening spam and bots that litter our social media and phone calls.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:18 - Lyle's background as an entrepreneur founding Better Voice.06:22 - The history of VOIP and how it relates to Bitcoin today.06:22 - The 402 payment required in the SIP protocol.10:24 - Lyle's story about finding Bitcoin at the intersection of telecommunications.12:09 - What was the top thing he took away from successfully building and selling his first company?14:15 - Lyle's newest company, Vida.14:22 - Lyle discusses the basics of spam and why it's so prevalent.24:53 - Spam can become worse with more decentralization.35:42 - What does

IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro05:11 - Aswath’s two primary methods for valuing a company.05:40 - The general truths about valuations that investors should understand.12:38 - The four most basic inputs to valuing a company.19:37 - How to go about setting an appropriate growth rate in our valuations.34:11 - Additional considerations in performing valuations such as a company’s intangible assets.47:09 - Clay’s intrinsic value assessment of Williams-Sonoma (Ticker WSM).Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune in to We Study Billionaires' recent episode about Warren Buffet's Money Mind, or watch the&nbsp;<a href="https://www.theinvestorspodcast.com/episodes/

IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:31 - How Inflation has been winning the tug of war with Deflation, but not for long.23:58 - The importance of the velocity of money.29:12 - How supply chains have evolved and who we’ve ended up where we are.&nbsp;55:18 - How China’s power has peaked.57:26 - The need for sound money.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJim Rickards' new book: Sold Out: How Broken Supply Chains, Surging Inflation, Political Instability Will Sink the Global Economy<

We interview and study famous financial billionaires including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market. We Study Billionaires is the largest stock investing podcast show in the world with 100,000,000+ downloads and is hosted by Stig Brodersen, Trey Lockerbie, and Clay Finck.This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space.To learn more about TIP, you can visit&nbsp;theinvestorspodcast.com&nbsp;or subscribe to our free daily

IN THIS EPISODE, YOU’LL LEARN:00:00 - intro 01:37 - What's the mastermind's thoughts on FTX and SBF?10:22 - What's happening with Gemini, DCG, Genesis, &amp; GBTC?14:37 - What's the group's thoughts on Binance?15:04 - Why is a risk assessment of counterparts risk so important?15:04 - Thoughts on liquidity and how to use it to understand volatility limits.22:30 - An overview of Fixed Income Markets and High Yield Debt.41:39 - Thoughts on inflation and what it might trend towards in 2023.58:16 - The 30-year versus the 3-month and what that means for FED policy moving forward.01:15:46 - Is China demand coming back online?01:25:33 - What potentially causes a final capitulation for this cycle (will there even be one)?01:31:05 - What to expect from the price of Bitcoin in 2023.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differe

IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:54 - What it means to have a “Money Mind”.10:08 - How Warren's father’s Libertarian viewpoints rubbed off on Warren’s business mind.24:29 - How Buffett continued to evolve as an investor as the investment landscape changed.29:24 - Tom Gayner’s description of the three stages of value investing that has played out over time.36:15 - How Bill Miller helped value investors realize that value is sometimes found in the most unexpected places.45:04 - How Buffett’s mindset differs from that of academics.45:23 - Why Buffett views stock market volatility as an opportunity rather than the risk in a company.50:21 - Why investors focused on the process rather than the outcome are better positioned to succeed in the long run.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.B

IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.14:22 - How he handles the pain &amp; discomfort of difficult periods in the stock market.31:52 - Why he thinks Tesla’s stock is overvalued &amp; what he thinks it’s really worth.35:20 - Why it’s critical for investors to be skeptics who never let down their guard.43:56 - What insights he drew from studying Benjamin Graham &amp; writing a book about him.51:44 - How Fred applies a consistent three-step process to every business he analyzes.54:34 - How to win as an investor by waiting for intrinsic value &amp; the stock price to “true up.”01:02:25 - Why he regards a legendary free soloist climber as the world’s greatest risk manager.01:11:43 - How flying planes has helped Fred to refine his understanding of the margin of safety.01:16:02 - Why he’s given thr

IN THIS EPISODE, YOU'LL LEARN:03:54 - How today’s inflation compares to 1970 with Jeremy Grantham.07:52 - Why Michael Mauboussin says you have to earn the right to use a valuation multiple.13:17 - How energy impacts inflation with Josh Young.31:55 - Why investors should consider microcaps with Ian Cassell.38:40 - The vindication of the dollar milkshake theory with Brent Johnson.47:15 - Market indicators from Dan Rasmussen, Joe Brown, and a lot more.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTrey Lockerbie's Twitter.Related Episode: <a href="https://www.theinvestorspodcast.com/episodes/top-of-the-cycle-w-jeremy-grantham/" rel="noopener noreferrer"

IN THIS EPISODE, YOU’LL LEARN:01:54 - So what is Nostr?03:50 - It seems like the protocol is optimized around simplicity, is that it?06:30 - What does this look like 5 years from now?10:38 - What other application might pop out of this?16:19 - What are all these clients interfacing with the protocol?26:11 - What concerns do you have about open speech on sexual, racial, or explicit things?28:06 - How do you remove centralized servers with something like this?33:45 - Can traditional social media companies benefit from using Nostr?38:24 - What would someone's incentive be to run their own relay?45:46 - How does this all tie into Bitcoin?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMore information&nbsp;<a href="https://www.btctim

IN THIS EPISODE, YOU'LL LEARN:05:27 - How everyday people can actually have an advantage investing in stocks over those on Wall Street.13:15 - Lynch’s stock investing philosophies and methods.26:41 - How he categorizes the stocks he invests in, in order to manage expectations.34:58 - What to look for when searching for a great company to invest in.37:48 - Why you should avoid companies that fall prey to what he calls diworsification.53:21 - The most common mistakes new investors make.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaires' episode covering Buffett's Purchase of TSM &amp; Meta "Doomsday" Analysis.Learn ab

IN THIS EPISODE, YOU'LL LEARN:01:19 - How to live a life with integrity.01:38 - How to live a life with honesty.18:06 - How to live a life that is true to your personality.23:39 - What it means to be “poor rich.”38:20 - Why what we envy from rich people is independence.01:03:38 - How to live a life of subtraction and not of complexity.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESWilliam Green’s book, Richer, Wiser, Happier – <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors-ebook/dp/B08BZXCPW5?crid=33NDOYV26K8DX&amp;dchild=1&amp;keywords=richer+wiser+happier&amp;qid=1617088019&amp;s=digital-text&amp;sprefix=richer+wiser+happier%2Cdigital-text%2C268&amp;sr=1-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=b1b5d46711482d399fba302b9abdf8ff

IN THIS EPISODE, YOU’LL LEARN:01:45 - Oakmark’s framework for navigating the current market.12:09 - Bill’s updated thoughts on Meta and Bank of America.22:18 - How the Warner Discovery merger has caused a lot of confusion in the market that may now have resulted in a severely undervalued stock.36:07 - How Lithia motors are quietly capitalizing on the used car market and its newer DTC platform.39:10 - How Lithia compares to competitors such as Carvana who’s stock has nearly crashed completely.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESOakmark Website.Oakmark <a href="https://oakmark.com/news-insights/commentary/" rel="noope

IN THIS EPISODE, YOU’LL LEARN:01:53 - What is Nostr and why is it so important to Bitcoin and free speech?05:31 - Japan adjusting their YCC peg to a higher yield and what that means.26:27 - What impact does Japan's move have on other economies?28:47 - How does James see 2023 playing out?29:38 - Will the potential disinflation in the US help lower prices in Europe?32:42 - What's causing the inflation in the EU and is it solvable?34:56 - Paper Bitcoin and the impacts moving forward after the FTX situation.39:56 - China and it's COVID policy as it relates to global demand and inflation.45:38 - Is the US getting ready to go through disinflation?54:48 - What are some things happening in the Bitcoin space that excites James the most?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.<s

IN THIS EPISODE, YOU’LL LEARN:03:36 - TSM’s business model and competitive advantages.07:13 - All about the critical role semiconductors play in our overall economy.17:15 - Potential risks of investing in TSM.18:11 - The geopolitical tensions that are brewing with the US restricting China’s access to the global semiconductor market.31:00 - What drives the stock’s return in the long run.31:42 - The highlights from the Graham and Dodd Annual Breakfast.37:01 - Why Intel and Meta’s stock might be undervalued.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaire’s episode covering&nbsp;How Jeff Bezos Built Amazon.Learn about t

IN THIS EPISODE, YOU’LL LEARN:04:04 - How John Spears became obsessed with investing when he was 12 years old.11:34 - How skipping school to meet an investing legend set him on a path to success.16:07 - How a catastrophic early investment humbled John &amp; taught him to be more prudent.24:12 - Why he focuses intensely on tracking insider buying of cheap stocks by top executives.27:28 - What he learned by studying Ben Graham &amp; teaching himself to buy cheap stocks.32:42 - How Warren Buffett bought his stake in Berkshire Hathaway through Tweedy, Browne.41:54 - What it was like sharing an office with another fabled investor, Walter Schloss.50:12 - Why John owns high-quality compounders like Heineken &amp; Nestle, which aren’t cheap.52:01 - What empirical research has taught him about the strategies that work best over time.1:01:29 - Why we should focus on achieving “satisfa

IN THIS EPISODE, YOU’LL LEARN:05:56 - Indicators that Joe watches to forecast market moves.13:19 - Why the Fed pivot might take much longer than many current estimates.14:56 - How the Fed could use $2T in reverse repos to provide liquidity before needing to lower interest rates.27:49 - CBDCs and how they compare to bitcoin, Ethereum and others.55:39 - The real estate market in the US.60:40 - Household financial health.&nbsp;And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESHeresy Financial&nbsp;Youtube.Financial Heresy&nbsp;<a href="https://podcasts.apple.com/us/podcast/financial-heresy/id1646333191" r

IN THIS EPISODE, YOU’LL LEARN:01:36 - What are some of the most important things happening in the Bitcoin space right now?08:18 - Thoughts on paper Bitcoin and the impacts moving forward.14:40 - Thoughts on GBTC discount to NAV.29:19 - Pierre's thoughts on the Taro protocol from Lightning Labs.31:02 - Why are so many people using other network for stable coins right now?40:23 - Why moving stable coins onto the Bitcoin Lightning Network might not be the best use of time.41:05 - Is ETH a regulatory capture at this point?53:56 - Tax Loss Harvesting.58:54 - FASB update to the treatment of Bitcoin on the balance sheet.01:03:17 - Transaction fees in the future.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMorgen Rochard's </s

IN THIS EPISODE, YOU'LL LEARN:00:02:34 - How Jeff Bezos came to discover the incredible opportunities on the Internet in the early 1990s.00:09:58 - How the regret minimization framework led Bezos to starting Amazon.00:17:08 - How Amazon lost hundreds of millions of dollars from poor investments during the tech bubble.00:33:28 - Amazon’s five core values.00:46:30 - Why many companies were reluctant, yet eventually forced to work with Amazon to remain competitive.00:47:45 - How Costco’s business model inspired Bezos to release Amazon Prime and keep his commitment to low prices.00:56:48 - How AWS was created and the importance of it in Amazon’s continued success.01:02:33 - Clay’s biggest takeaways from studying Jeff Bezos.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES</p

IN THIS EPISODE YOU’LL LEARN:01:08 - Why the interest rate is putting a price on time.14:50 - Why John Law is the most extraordinary person in the history of finance.19:00 - The history of the first experiment of easy money by a central bank.35:36 - Why “2% return” has caused the issues we currently see and have caused multiple other booms and busts throughout time.39:42 - What the natural level of interest rates are.43:46 - Why irresponsible monetary policy has an impact on creative destruction and, in turn, productivity and wage growth.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESEdward Chancellor’s book, The Price of Time – <a href="https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069?crid=2ID48QZ0QZBHI&amp;keywords=prince+of+time+edward+chance

IN THIS EPISODE, YOU’LL LEARN:01:34 - How to apply probabilistic thinking when approaching investing.14:26 - Will’s structure for the “perfect portfolio”.32:29 - Why Uranium hasn’t performed as most hoped for in 2022.40:11 - How the sustainable energy supply chain is struggling to achieve healthy margins.54:58 - Assessing different types of risk including political risk.1:00:04 - The stock pick that got Will accepted into the prestigious Value Investors Club (founded by Joel Greenblatt) and what stock he would pitch today.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMassif Capital Website.Will Thomson <a href=

IN THIS EPISODE, YOU’LL LEARN:01:07 - What has been happening at Unchained Capital since the FTX blow-up?07:13 - What are some of the most common concerns of Self-Custody?12:47 - Why is Title and Possession such an important thing to cover with inheritance planning?22:43 - The difference between non-probate assets versus probate assets.28:38 - What are the risks of not properly performing inheritance planning?30:15 - Checkbook IRA versus other methods.39:59 - Legal and policy update after the FTX situation.01:01:37 - Biggest mistakes people make in inheritance planning.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESUnchained Capital.Information

IN THIS EPISODE, YOU’LL LEARN:04:38 - How Airbnb originally started and its keys to becoming a $60 billion company.07:13 - Why getting into Y-Combinator was the critical turning point for Airbnb to get off the ground.11:40 - How their transition to selling specialty breakfast food helped keep them from going bankrupt.21:13 - Growth hacks Nate Blecharczyk used to help grow the company in the early days.29:12 - Airbnb’s biggest hurdles and challenges to becoming a big tech player.30:39 - Advantages Airbnb has over hotels in the hospitality industry.33:55 - How Chesky ensured Airbnb would become a stronger business through the pandemic despite losing 80% of their&nbsp;business practically overnight.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We

IN THIS EPISODE, YOU’LL LEARN:06:06 - What Tsoknyi Rinpoche learned from his extraordinary father, Tulku Urgyen Rinpoche.21:26 - Why it helps not to suppress, judge, or resist your emotions, but to be aware of them.24:09 - How to “handshake” painful emotional patterns that Rinpoche calls “beautiful monsters.”26:34 - What science shows about the power of acknowledging &amp; accepting our feelings.36:31 - What to do when these difficult emotions feel too intense &amp; traumatic to handle.45:03 - How to settle your mind &amp; reduce stress with a simple belly-breathing technique.48:41 - How to practice “calm abiding” by focusing with gentle awareness on your breath.50:37 - How to ease up with the help of Rinpoche’s subversive mantra: “Who cares? So what?”57:42 - How to meditate with open awareness, watching thoughts &amp; emotions arise &amp; pass.1:04:36 - How our minds catast

IN THIS EPISODE, YOU’LL LEARN:01:30 - An overview of investment banking and private equity.04:45 - Why you should consider allocating some of your portfolio to private equity.07:35 - How the democratization of private equity is changing.10:09 - How Darin got involved with Linqto and why it’s an important resource for investors.24:30 - The mechanics of investing in private equity.37:48 - The current environment for private equity and how billionaires like Howard Marks are navigating it.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLinqto&nbsp;Website.How Money Works&nbsp;<a href="https://www.youtube.com/c/howmoneyworks" rel="noopen

IN THIS EPISODE, YOU’LL LEARN:05:50 - So what is the intended mission of these organizations (IMF and World Bank)?25:16 - What is Structural Adjustment and why is the impact misunderstood?30:17 - The story of Shrimp in Bangladesh and how it helps listeners understand Structural Adjustment.40:25 - How and why countries that take on IMF loans are more likely to take on even more debt in the future.44:55 - How poor countries are in essence subsidizing the abundance of rich countries while destroying their ability to be self-sufficient.55:30 - Why the IMF and World Bank never found a dictator that they didn't like.01:22:27 - How countries that have taken the most loans are also the countries that have the highest concentration of Bitcoiners.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND R

IN THIS EPISODE YOU’LL LEARN:01:24 -&nbsp;What are the primary drivers of inflation in 2022.08:34 - How different asset classes perform during inflationary time periods.21:45 - Why gold and cash flowing real estate can give good inflation protection.25:36 - Why TIPS can help investors hedge against inflation.36:39 - Warren Buffett’s advice on hedging inflation.39:57 - Clay’s intrinsic value analysis of Adobe and Microsoft.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaires' episode covering Ray Dalio's thesis on the long-term debt cycle.Le

IN THIS EPISODE YOU’LL LEARN:02:36 - What is the Berkshire Hathaway Annual Shareholder’s meeting30:19 - How do you attend the Berkshire Hathaway Annual Shareholder’s meeting39:16 - What is the Intrinsic Value of Berkshire Hathaway, and how do you value the company59:54 - What is the Intrinsic Value of Apple, and how do you value the companyDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESSign up for the free events with The Investor’s Podcast Network.Read more about how to <a href="https://www.theinvestorspodcast.com/how-to-attend-the-berkshire-hathaway-annual-meeting/" rel="noopener nor

IN THIS EPISODE YOU’LL LEARN:02:42 - David’s take on the current bear market and how to keep calm.09:14 - Assessments of Netflix.19:02 - The new era of Amazon.31:26 - Assessments of Meta.36:31 - Assessments of Apple42:56 - Assessments of Hershey.58:59 - How David and his brother Tom navigated their own business through previous recessions that resulted in laying off over 80% of their employees at one point.1:04:42 - How David approaches learning and teaching his family about investments and life.1:12:38 -The new Motley Fool Ventures and Foundation endeavors.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESThe Motley Fool Website</

IN THIS EPISODE, YOU’LL LEARN:01:14 - Paper Bitcoin and what's causing the massive sell-off.08:52 - How Silicon Valley VC fed the "Crypto" scam.09:51 - How much more impairment is left in the market?14:00 - What is happening with Genesis and DCG?26:56 - What is happening with the GBTC discount?31:27 - What is happening with Silvergate Bank?38:56 - ETH and OFAC Compliance.52:56 - What is happening with Tether?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESDylan's article: The Conclusion of the Long-term Debt Cycle and the Rise of Bitcoin.Related Episode: <a href="ht

IN THIS EPISODE YOU’LL LEARN:00:04:24 - How Dalio defines credit and debt.00:08:55 - Why too much debt can be an issue for the global economy.00:12:13 - The difference between the short-term and the long-term debt cycle.00:13:02 - Why credit is the primary driver of our economy and leads to bubbles.00:14:45 - How deflationary and inflationary deleveragings eventually resolve themselves.00:17:11 - How we can identify a bubble.00:31:37 - Four tools policymakers can use to handle large debt issues.00:45:39 - Why hyperinflation occurs at the conclusion of some long-term debt cycles.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaires' episode covering the <a href="https://link.chtbl.com/WSB497" rel="noopener noref

IN THIS EPISODE, YOU’LL LEARN:03:07 - How Joel Tillinghast fell in love with investing as a boy of eight or nine.07:51 - What he learned from his first investment, which he’s (so far) held for 54 years.09:12 - Why it’s critical not to overpay, even when you’re investing in a superb business.&nbsp;11:04 - How his approach differs from the strategy of another Fidelity legend, Will Danoff.14:55 - What Joel admires about Cathie Wood.19:20 - What he learned from a disastrous macroeconomic bet using borrowed money.33:36 - Why it’s important to invest in “adaptive companies.”34:50 - How he was hired at Fidelity after cold calling Peter Lynch.39:56 - How young people can break into the investment business at a firm like Fidelity.44:59 - What qualities made Peter Lynch a wildly successful stock picker.53:38 - Why Joel avoids biotech stocks.54:25 - Why it’s critical

IN THIS EPISODE YOU’LL LEARN:01:43 - What Mohnish has learned from his friendship with Charlie Munger.10:24 - Why and how Mohnish Pabrai uses his checklist in stock investing.33:25 - How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMohnish Pabrai's&nbsp;Reading List.Learn more about Mohnish Pabrai’s&nbsp;Dakshana Foundation.Mohnish Pabrai’s&nbsp;<a href="http://www.chaiwithpabrai.com/" rel="noopener no

IN THIS EPISODE, YOU’LL LEARN:01:21 - Cory's one over the world view of everything happening after the FTX bankruptcy.07:49 - What are the issues with "Crypto" Venture Capitalists?07:49 - How the Crypto scam works.10:29 - Was SBF doing unethical things?14:44 - How could people identify such fraudulent activities in the future?32:11 - The Library Ruling - what are the implications?34:51 - Cory's Background and how he got into Bitcoin.41:10 - What the Bitcoin Pacific Conference was like.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLearn about Cory's company Swan.com.Learn more about <a href="https://www.tixr.com/groups/pacificbitcoin/even

IN THIS EPISODE YOU’LL LEARN:00:01:50 - The biggest investing lessons from Howard’s book, The Most Important Thing.00:03:07 - How to apply second-level thinking to our investing strategy.00:03:44 - How psychology plays such an important role in markets.00:07:37 - How Howard thinks about the efficiency of markets.00:20:32 - The role market cycles play in Howard’s investment strategy.00:23:23 - Howard’s six reasons for why investors make mistakes.00:31:27- Why you should only invest in bargains.00:35:10 - How to invest during a low-interest rate environment.&nbsp;00:39:04 - Why we should put an intense focus on investing defensively.00:44:59 - Why making macroeconomic forecasts is likely a fool's errand.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<

IN THIS EPISODE, YOU'LL LEARN:01:16 - The mastermind group’s view on the current market conditions.18:41 - Why Hari is bullish on Meta (Ticker: FB), and why Toby already owns the stock.29:00 - The risks of investing in Meta.45:02 - Why Stig has invested in Prosus (Ticker AMS: PRX) as one of the four stocks he owns.1:04:02 - Why Toby is bull on Colgate Palmolive (Ticker: CL).Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMastermind Discussion Q1 2022.&nbsp;Mastermind Discussion <a href="https://www.theinvestorspodcast.com/episodes/mastermind-q2-2022-w-tobias-carlisle-and-hari-hamachandra/" rel="noopener noreferre

IN THIS EPISODE, YOU'LL LEARN:02:09 - Why Banks are at serious risk of losing deposits.09:25 - Why the ECB is changing its tune on monetary policy.17:01 - The recent Fed meeting.39:46 - The underlying risk with pension funds using interest rate swaps.58:44 - Expectations for the current yield curve inversion.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESThe Macro Compass' Newsletter.Alf's Twitter.Trey Lockerbie's </strong

IN THIS EPISODE, YOU’LL LEARN:01:14 - What got Luke into writing profound articles around Bitcoin.02:48 - Luke's opinions on various long-term cycles.06:30 - The comparison to the 1930's and 40's.06:30 - Thoughts on wealth inequality.17:15 - Historical Inflation Tipping Points.23:52 - Currency wars and where we are in that dynamic.29:04 - The quandary of Government treasuries potentially running out of buyers for their bonds.29:04 - How the growth in stable coins actually demonstrates to world leaders why they need Bitcoin.29:04 - The Bitcoin Milkshake theory.33:32 - How stable coin operators become buyers for government bonds.35:28 - The Green Swan Event.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://t

IN THIS EPISODE, YOU’LL LEARN:05:54 - How Warren Buffett and Charlie Munger met.07:07 - Why it’s important to embrace lifelong learning.09:27) - Why Charlie Munger uses mental models to think and invest.00:15:53 - How Charlie Munger changed Buffett’s investing strategy.20:47 - Why we should continuously challenge and reexamine our worldview.29:22) - Why Munger concentrates his personal investment portfolio.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLearn about the best investor you’ve never heard of –&nbsp;Nick Sleep.Check out Clay’s Intrinsic Value Analysis of&nbsp;<a href="https://www.theinves

IN THIS EPISODE, YOU’LL LEARN:02:51 - How François Rochon began his market-beating investment journey three decades ago.08:12 - How the “margin of safety” concept guides him in business, markets, &amp; life.10:14 - How to succeed by investing in great companies at reasonable valuations.12:12 - Why it’s critical for investors to have a long time horizon.15:37 - How to become a better investor by cultivating humility &amp; preparing for disappointment.16:48 - What he learned from Warren Buffett about the importance of owner’s earnings.21:47 - Why François resists the temptation to overpay, even for great companies.25:12 - Why he highlights his investment mistakes in an annual list called the Podium of Errors.34:03 - How to survive &amp; thrive by taking a middle-of-the-road approach to diversification.&nbsp;38:30 - Why he believes that market predictions are a waste of time.</

IN THIS EPISODE, YOU'LL LEARN:17:01 - Bill’s early crucibles that helped him evolve into an empathetic leader.&nbsp;30:25 - How to find your own True North and how to determine whether a company's leader is following their own.27:26 - How Bill took Medtronic to $60B while cultivating an inclusive culture.34:25- Why Bill set a 10-year term limit for his time at Medtronic.37:12 - CEO’s that handled the pandemic the right way including Satya Nadella of Microsoft, Mary Barra of GM, Corie Barry of Best Buy and others.52:42 - Teaching Tracy Britt Cool at Harvard, who became Warren Buffett’s protege.54:21 - Where CEOs go wrong.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTrue North <a href="https://www.amazon.com/T

IN THIS EPISODE, YOU’LL LEARN:01:04 - A recap of the Lummis Gillibrand Bill.05:32 - What is the Digital Commodities Consumer Protection Act of 2022 (DCCPA)?05:32 - Who's trying to make the DCCPA happen?17:21 - What are the implications of the DCCPA if passed?28:17 - A walk through of the White House Climate and Energy Implication of Crypto-Assets in the United States.52:12 - What are the three rules the White House is operating off-of when it comes to digital assets?52:12 - Implications of CBDCs.01:04:45 - How are Bitcoin nodes handled in the DCCPA?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJason Brett's Twitter.The <a href="h

IN THIS EPISODE, YOU'LL LEARN:00:38:03 - Nick Sleep’s investment philosophy and how he was able to outperform the market from over his fund's tenure.00:06:02 - Why Sleep bet big on Amazon and Costco in the early years of his fund.00:14:54 - What fundamentally set Amazon and Costco apart from all other companies.00:15:33 - Sleep’s ideas related to portfolio management and portfolio diversification.00:23:14 - How Sleep uses Destination Analysis in selecting investment opportunities.00:25:43 - How Sleep capitalized on purchasing cheap stocks during the great financial crisis.&nbsp;00:36:45 - Some thoughts on one of Sleep’s recent purchases in ASOS.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESListen to Clay’s previous episode covering <a href="https://www.t

IN THIS EPISODE, YOU'LL LEARN:01:38 - Why top-line growth was more important than profits in the prior decade for US shale producers.05:37 - Why we have a boom and bust cycle in the oil market.15:31 - Lyn’s thoughts on Warren Buffett’s investments in Chevron and Occidental Petroleum.22:40 - What the OPEC+ cut mean for the oil market.22:55 - What can the west do to lower the price of oil.32:36 - Whether inflation can&nbsp;be fixed without fixing the energy markets.38:47 - What happens if the inflation target of 2% changes.&nbsp;42:49 - Why the FED counterintuitively is not pushing down the bond yields.58:09 - What Powell should do dependent on what he wants to achieve.58:42 - What it means that the US is exporting inflation.1:03:22 - Why the currencies of many emerging economies are appreciating and the Euro, Pound, and Yen are not.Disclai

IN THIS EPISODE, YOU'LL LEARN:08:06 - How today’s economy compared to the early eighties when Bernie was co-founding Home Depot.14:11 - Bernie’s early jobs as a waiter, comedian, and even hypnotist.37:15 - Bernie’s take on ESG, given that Home Depot, won the Most Socially Responsible Company award the year he retired40:02 - What it was like to travel around and sharing business tips with Sam Walton.54:11 - Lessons from philanthropic efforts in integrative medicine and the Georgia Aquarium.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESKick Up Some Dust <a href="https://www.amazon.com/Kick-Up-Some-Dust-Thinking/dp/0063259923?&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=6e20d202146f416afec8ac9e94590662&amp;language=en_US&amp;ref_=as_li_ss_t

IN THIS EPISODE, YOU’LL LEARN:01:13 - Austin Mitchell's Background and research in the energy sector.10:40 - What problems do energy companies currently deal with that Bitcoin can potentially solve?31:08 - What does the potential future with Bitcoin look like with energy companies?35:13 - How does the lightning network offer solutions in the energy sector?36:35 - Use cases and specific problems around the world where Bitcoin is currently offering a solution.48:02 - What is his company Synota currently working on to solve these problems?51:24 - How does Austin's company currently try to tackle the issues at hand?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAustin's Company: <strong

IN THIS EPISODE, YOU'LL LEARN:06:31: - The opportunities and risks of investing in Dollar General &amp; Apple.07:34 - Clay’s assessment of the intrinsic value of Dollar General &amp; Apple.08:55 - What Dollar General’s catalysts for future growth will be, and why their growth may just be getting started.17:55 - Why Dollar General should weather through a recession relatively well.31:01 - Why Warren Buffett loves Apple as an investment, and why it is his largest stock position.35:46 - A breakdown of Apple’s business segments.57:57 - Why it’s important to have a long-term mindset as a value investor.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESListen to Clay’s previous episode covering <a href="https://www.theinvestorspodcast.com/episodes/warren-buffetts-

IN THIS EPISODE, YOU’LL LEARN:02:41 - Where the economy is heading, now that credit growth has been reversed.07:29 - The steep decline in the treasury markets around the world and what’s driving it.14:09 - England's pension plan fiasco.29:23 - Why the FED’s net income has turned negative for the first time ever and how it can be reversed if politicians understand the mechanics Richard lays out.59:14 - The $280B Chips &amp; Science Act that was recently signed into law.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESRichard Duncan's Website.Macro Watch's <a href="https://richardduncaneconomics.com/product/macro-wa

IN THIS EPISODE, YOU’LL LEARN:01:22 - What is happening between the United States and China with chip manufacturing?04:55 - Is the FED being weaponized against Russia and China?23:11 - What should people expect in the energy sector moving forward?29:54 - Zoltan Pozsar's quote about commodity-backed money.31:36 - Who's actually buying UST right now?35:18 - What triggers the next big FED Pivot?47:24 - What happens in US Real Estate with 30 year loans currently at 7.22% fixed.48:25 - Luke's thoughts on the 3 month and 10 year treasury being at parity.01:03:34 - What's currently happening the Japanese treasury market?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLuke's <a href="https://www.amazon.com/Luke-Gromen/e/B07MXNYH2X%3Fref=dbs_a_mng

IN THIS EPISODE, YOU'LL LEARN:02:30 - What Warren Buffett’s 12 investment principles are.08:26 - Why Buffett has largely avoided technology companies over his career.14:07 - Why Buffett loves companies that repurchase shares.28:32 - Tips that Buffett shares to help us assess a management team.31:02 - How to calculate the intrinsic value of a company.37:50 - Why investing psychology is critical to understand.51:36 -How Coca-Cola fit perfectly into these 12 principles.&nbsp;Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESClay’s previous episode covering How Warren Buffett Became the Greatest Invest

IN THIS EPISODE, YOU’LL LEARN:01:22 - Why and how do we need to understand the macro environment when we invest07:18 - Why we should think of the economy as we think of the human body19:02 - Why the traditional buy-and-hold equity strategy is flawed26:20 - Why a house we live in is typically not a good investment35:16 - How has the stock market performed after inflation and taxes?&nbsp;40:38 - Why investors are not globally diversified when they&nbsp;invest in the S&amp;P50048:27 - Why bonds bear markets are different from bear markets in stocks55:58 - Why diversification is about hating some of your portfolio all of the time1:03:49 - How money creation will change with a digital currency by central banks1:11:53 - What is yield curve control, and how is it exercised?&nbsp;1:16:08 - What is the third mandate of the FED?Disclaimer: Slight d

IN THIS EPISODE, YOU’LL LEARN:03:40 - Why Josh believes we are at an Entropic Apex in the current markets.06:14 - His beliefs around peace through strength and why he backed billionaire Palmer Luckey’s new defense startup, Andruil.&nbsp;27:06 - Why Stan Druckenmiller invested in Lux early on, alongside Bill Conway, the billionaire co-founder of the Carlyle Group.41:38 - Josh’s belief that we should rebrand sustainable energy to Elemental Power and include nuclear.54:58 - Josh’s entrepreneurial endeavors, such as founding Kurion with $1.5M and selling it for over $100M Bitcoin.59:28 - Josh’s previous criticisms of Elon Musk and his Twitter deal as well as Ray Dalio, who had retired on the day of this recording.1:05:02 - His pursuit of digitizing scents.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform difference

IN THIS EPISODE, YOU’LL LEARN:01:20 - Jeff's first principles overview of energy, money, and resource optimization.12:42 - Why is the adoption of Bitcoin bottom up and not top down?15:41 - A system of growing misinformation and why.25:47 - Why are open protocols so difficult to understand?32:29 - What is the blockchain Trilemma?40:12 - Why is decentralization combined with security for the first time such a big deal?50:46 - Jeff's opinion on why energy must be inserted into money.01:11:28 - What are the important Bitcoin fundamentals to be focusing on right now?01:16:33 - If Jeff had to recommend something to the G20, what would it be?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://twitter.com/JeffBooth?ref_src=twsrc%5Ego

IN THIS EPISODE, YOU'LL LEARN:02:49 - How Buffett came around to purchasing Geico.07:45 - Why Buffett’s reputation helped him get a fantastic deal on Nebraska Furniture Mart.10:33 - Why the efficient market hypothesis is partially false.12:13 - How Salomon Brothers nearly destroyed Buffett’s reputation.26:35 - How Berkshire Hathaway faired through the 1999 tech bubble.43:23 - How Buffett foresaw the calamity to occur in 2007/2008 great financial crisis.51:20 - Why Berkshire’s purchase of Apple was perhaps the greatest trade of all time.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.NEW TO THE SHOW?Check out our&nbsp;We Study Billionaires Start

IN THIS EPISODE, YOU’LL LEARN:12:49 - How Annie Duke got sick, quit academia, &amp; became a professional poker player.18:24 - How poker taught her to “embrace uncertainty” &amp; recognize the limits of what we know.27:26 - How a legendary poker champion taught her to think more rationally about luck &amp; loss.37:45 - Why it’s important to think probabilistically—and how to strengthen this skill.41:49 - How Annie helped a venture capital firm to improve its decision-making process.44:54 - What skills &amp; insights can be transferred from the game of poker to the game of investing.51:36 - Why Annie never owned Bitcoin or NFTs.55:13 - How to develop “kill criteria” that will help you decide when to sell an investment.1:00:31 - Why we tend to make terrible investment decisions when we’re losing money.&nbsp;1:06:29 - How to think rationally about whether to quit your job<stron

IN THIS EPISODE, YOU’LL LEARN:06:22 - The recent bids on CDS through Credit Suisse, Deutsche Bank and others.15:09 - Why Cathie recently stepped down as portfolio manager for 2 of ARKs ETFs.23:30 - Cathie’s belief that we will experience a deflationary surprise, which could reverse the FED’s current plan of action.26:33 - Cathie’s thoughts on energy, unemployment numbers and other market indicators.34:58 - An updated view on Bitcoin, Microstrategy and Coinbase.46:37 - ARKS new venture fund.56:20- Tesla’s recent AI Day and it’s potential impact on jobs.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESARK Invest Website.ARK’s

IN THIS EPISODE, YOU’LL LEARN:01:48 - Why does Michael believe that if the money isn't scarce, every desirable good on the planet will become scarce?09:25 - What is irrational urgency and why does it exist with a fiat system?21:07 - Is it possible to not inject energy into money and keep it sound?30:41 - Why do so many people miscalculate how much energy Bitcoin will use in the future?38:19 - Why is it so hard for people to wrap their head around Bitcoin mining in general?44:53 - Is the environmental and energy issues currently playing out in the world connected to what Bitcoin is solving for?58:51 - Where should we start when we think about the energy and environmental impact that's currently plaguing the world?01:13:36 - Why is it important to keep the monetary constants unchanged?01:26:42 - What is Bitcoin really solving for, versus every other crypto asset?02:14:40 - Is

IN THIS EPISODE, YOU’LL LEARN:00:08:46 - Who the key figures were in Buffett’s development as an investor.00:09:58 - Benjamin Graham’s definition of an investment.00:10:21 - What it means to invest with a margin of safety.00:22:23 - What cigar butt companies are and how they made Warren a fortune.00:28:59 - How Charlie Munger helped shape Warren’s investment approach.00:44:29 - Why Buffett loved the insurance business.00:45:57 - How Warren Buffett’s investment partnership achieved a 31% annual return without a single losing year.&nbsp;00:49:40 - Why buying a candy company was a critical moment in Buffett’s investment career.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAlice Schroeder’s book –&nbsp;<a href="https://www.amazon.com/The-Snowball-Alice-Schroed

IN THIS EPISODE, YOU’LL LEARN:01:46 - How and why did Trey and William get hired?12:52 - What the business model of The Investor’s Podcast Network is.15:11 - What the Free Cash Flow is of The Investor’s Podcast Network.23:47 - How potential buyers have been approaching the Investor’s Podcast Network.30:23 - Why The Investor’s Podcast Network is not optimizing for profit but happiness on the team.30:24 - Whether any price would be so high that The Investor’s Podcast Network would be sold.47:10 - Who is Clay Finck, and why will he be hosting We Study Billionaires.51:48 - What does Clay Finck’s investment portfolio look like?&nbsp;59:52 - How to access the WhatsApp group for the Berkshire Hathaway Annual Shareholder’s 2023 event.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND R

IN THIS EPISODE, YOU’LL LEARN:01:48 - How Stig and Preston met and why they started The Investor’s Podcast together.&nbsp;10:05 - When did Stig and Preston know that the podcast would be successful.19:33 - What the pivotal moments were along the way.25:28 - What is the relationship between Stig and Preston today.37:50 - Why was the bitcoin show not set up in a separate podcast feed.40:40 - What is the mission and vision of The Investor’s Podcast Network.50:49 - Why is The Investor’s Podcast Network a team-based company and less focused on profits and customers.1:01:47 - How does The Investor’s Podcast Network identify the right hires.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESListen to the second part of this episode,&nbsp;<a href="https://www.thein

IN THIS EPISODE, YOU’LL LEARN:01:34 - Some reasons why microcaps are outperforming some of the larger cap segments.05:46 - How Ian compares the current market to 2008.14:22 - Risks and opportunities appearing as interest rates move higher.25:13 - Private Equities' recent interest in public markets.35:50 - Some strategies and stock ideas from the recent Summit.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMicrocap Club's Website.Microcap Clug's Twitter.Ian Cassel's <a href="https://twitter.com/iancasse

IN THIS EPISODE, YOU’LL LEARN:01:58 - Why are property rights an important starting point for understanding the differences between Proof of Work (PoW) and Proof of Stake (PoS)?07:41 - What is Abstract Power versus Physical Power and why are they important for understanding PoS Vs PoW?20:45 - Why do the rules around property rights keep breaking down throughout time?40:45 - Explain the importance of basic computer science and how computer programs work so we can understand the differences in PoS and PoW.49:50 - A general introduction to PoS and PoW.57:25 - Hal Finney and Adam Back’s contributions to developing the first blockchain.01:15:15 - If you were going to exploit a PoS or PoW system, how would that work?01:23:08 - Creative destruction and how it applies to protocols.01:31:59 - Jason’s thoughts on Jamie Dimon liking everything but PoW.01:38:15 - Vitalik Buterin’s comme

William chats with Matthew McLennan about how to achieve resilient wealth creation, which is a central focus of William's book “Richer, Wiser, Happier." This interview was recorded on August 30, 2022.IN THIS EPISODE, YOU'LL LEARN:02:36 - How Matthew McLennan grew up off the grid without electricity or hot running water.12:56 - What he learned as a money manager at Goldman Sachs during the dotcom bubble.15:57 - Why investors should try to emulate the patient, selective mindset of gardeners.27:01 - How the most resilient businesses remind Matt of great wines and enduring artworks.35:01 - Why investors need to respect the phenomenon of entropy as an ironclad law of life.44:18 - Why investors should be wary of hot growth stocks, which are liable to fade.46:27 - Why there’s surprising beauty in mundane businesses like bicycle brakes &amp; elevators.57:14 - How to ask the right “

IN THIS EPISODE, YOU'LL LEARN:00:03:06 - David’s current thoughts on market headlines surrounding the war in Ukraine and Russia’s chokehold on energy.00:24:52 - David’s thoughts on the current fundraising environment.00:32:27 - How David built Carlyle into a global PE institution.00:36:48 - David’s early career in politics and how it led him to PE.00:56:41 - How David approaches philanthropy.01:01:51 - The current state of higher education and ESG policies.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDavid Rubenstein's Book, <stro

IN THIS EPISODE, YOU’LL LEARN:01:21 - Sam's comments on the WEF's excitement for ETH's Proof of Stake Merge.12:09 - Sam's overview on CBDC.12:46 - Why Sam has concerns about what CBDC's will take away from everyday citizens.38:40 - How Sam thinks CBDC will be implemented around the world.47:22 - Sam explains the history of the ECB and the challenges it faces with the emerging energy crisis.01:05:54 - What is the most important thing happening right now in markets that you think many people are missing?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSam's Twitter Post on the WEF's activities around Proof of Stake.<a hre

IN THIS EPISODE, YOU’LL LEARN:01:10 - Why we have cycles.02:11 - What the credit cycle is.09:16 - How are cycles interrelated.11:53 - Where we are in the real estate cycle.17:55 - Where we are right now in the cycle.25:35 - How adjusting risk to your portfolio depends on the market cycle.31:02 - Why junk bonds might be a good investment depends on the credit cycle.36:10 - Which questions to ask an asset manager.39:32 - How to evaluate a track record.50:50 - Why assets managers like to talk about their mistakes.1:08:15 - How to think about risk and reward.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESListen to David Stein’s podcast,

IN THIS EPISODE, YOU’LL LEARN:09:05 - How Farmland is a great hedge against both inflation and recessions.15:41 - Why Bill Gates is the largest private owner of farmland with nearly 270,000 acres.22:08 - Which commodities are optimal.26:17 - How to assess a Farmland deal.31:48 - Why Artem prioritizes US farmland. 40:34 - Where farmland should sit in a portfolio.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESFarmTogether Website.Trey Lockerbie Twitter.&nbsp;&nbsp;NEW TO THE SHOW?</str

IN THIS EPISODE, YOU’LL LEARN:01:22 - The numbers around federal interest expense and rising interest rates.23:58 - Mike's thoughts on the broad money supply being the best way to measure inflation.28:36 - A comparison between now and 2007.34:51 - Explaining reverse repo in a simplified way.47:23 - How do countries use reserve to defend a currency and does the countries size matter?48:07 - Why currency spreads are making it hard to service dollar denominated debts.54:47 - Is this time different?58:25 - Is the 50% attack vector even worth worrying about?01:03:03 - Mike Stroup's background.01:04:18 - Mike and Preston share military pilot stories.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://twitter.com/MikeStroup10" rel

IN THIS EPISODE, YOU’LL LEARN:02:17 - What Tom Russo learned from a life-changing encounter with Warren Buffett in 1982.09:53 - Why “agency” cost is one of the greatest risks facing all investors.14:02 - Why Tom favors companies that willingly endure pain today for gain tomorrow.16:02 - How he rode Berkshire Hathaway from $900 to more than $430,000 per share.21:08 - Why Buffett’s team of successors should do fine when Berkshire is in their hands.27:17 - What Tom learned while working for investment legend Bill Ruane.38:16 - Why Tom immediately sold Wells Fargo &amp; Altria after realizing they’d lost their way.48:46 - Why Tom loves brands where consumers believe there’s “no adequate substitute.”53:39 - Why Tom is bullish about Heineken’s long-term future, even after owning it for 36 years.01:07:08 - How Tom succeeds by resisting short-term temptations &amp; deferring gratifi

IN THIS EPISODE, YOU’LL LEARN:01:53 - How and when to apply metrics like P/E, P/GM and P/S depending on a company's stage in its lifecycle12:17 - Brian’s most important attribute when valuing a company15:22 - The difference between real moats and fake moats27:51 - When to emphasize valuation and when not to37:12 - Brian’s assessments of Alphabet, FIGS &amp; AXONAnd a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESWhy Does the Stock Market Go Up? Book.Brian Feroldi Twitter.Brian Feroldi <a href=

IN THIS EPISODE, YOU’LL LEARN:01:29 - What is time stamping?11:24 - Is Bitcoin a decentralized clock?24:50 - Why is time keeping so important to Bitcoin?51:45 - What does Pierre think about the big SEC announcement about exchanges regulating coins?59:31 - Why is Bitcoin not performing like an inflation hedge against CPI?01:10:34 - Correlation to traditional markets.01:22:47 - When will all retirement accounts start offering Bitcoin?01:25:54 - Transaction fees.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESPierre's Twitter.Pierre's company Riot Blockc

IN THIS EPISODE, YOU’LL LEARN:01:25 - Why Stig is bullish on the small-cap company North Media A/S. (Ticker: K9041B139)35:46 - Why Stig just bought Prosus (Ticker in the US: | Ticker in Europe: PRX) as one of his four stocks in his portfolio.45:37 - Why Tobias is bullish on First American Financial. (Ticker: FAF)50:46 - What the patterns typically is for a bear market.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESNorth Media financial reports and investor relations material.The slide deck of <a href="https://s21.q4cdn.com/992793803/files/doc_presentations/2022/Investor-Discussions-Spring-2022.pdf" rel="noopener noreferrer"

IN THIS EPISODE, YOU’LL LEARN:07:31 - How Brian and team bootstrapped LegalZoom into the behemoth it is today.12:17 - How Brian convinced Robert Shapiro to partner with him.33:12 - ShoeDazzle with Kim Kardashian.35:38 - How they launched The Honest Company to $160M in revenue in year 2.43:33 - The secret sauce behind celebrity partnerships.50:00 - Why he’s building a new company around baseball cards.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLinkedIn Website.The Honest Company's Website.ShoeDazzle's <a href="https://www.shoedazzle

IN THIS EPISODE, YOU’LL LEARN:01:24 - What inspired Phil to write the book?04:33 - How much of Satoshi's writings were not included in the book?12:16 - What was Satoshi's greatest gift?12:16 - What was one of the most interesting things Phil uncovered from reading all his writings?25:03 - What are Phil's theories on who Satoshi was?28:03 - What does Phil think of Satoshi's strange grammar and sentence structure?33:26 - Any good orange pilling stories?38:37 - Gold Versus Bitcoin.44:03 - What are the arguments that never seem to end that Satoshi already addressed?51:24 - What do you think Satoshi's take on Bitcoin would be today?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESPhil Champagne's <a href="https://twitter.com/egg_descrambler"

IN THIS EPISODE, YOU’LL LEARN:06:42 - Why we have too much debt and not enough growth in the world.07:36 - Why technology is a massive deflationary.23:15 - Why we need monetary policies deflation on a global scale30:22 - Why we won’t have a new Bretton Woods40:57 - Why and how to invest in businesses that have the best networking effect1:05:59 - Ask The Investors: What does the low-interest rate mean to us as consumers?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJeff Booth’s book,&nbsp;The Price of Tomor

IN THIS EPISODE, YOU’LL LEARN:01:45 - Nancy’s predictions on the forward guidance from the most recent FED meeting in Jackson Hole, which was kicking off at the time of this recording.05:59 - What Nancy watches to determine if inflation has peaked.09:42 - Which indicators does Nancy pay the most attention to.11:08 - How to use the volatility markets to hedge against inflation.25:28 - The basics of bond convexity.27:36 - Opportunities for when inflation and interest rates move towards parity.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESQuadratic Capital Website.Nancy Davis <a href="https://twitter.com/nancy__davis" rel="noopener norefe

IN THIS EPISODE, YOU’LL LEARN:01:43 - What is a debt spiral and is the US currently experiencing one?11:24 - Why are there so many additional treasuries beyond what was expected in the 3rd quarter 2022?13:30 - What can the FED do from here?18:52 - What is the Supplementary Leverage Ratio (SLR) and why's it important?27:59 - Europe this winter - what's about to happen?33:09 - Zombie Companies.37:19 - What are institutional investors waiting for when it comes to Bitcoin?55:09 - What's happening in Japan it seems like the treasury market is calmer than before?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJames Lavish's Twitter.<li

IN THIS EPISODE, YOU’LL LEARN:01:20 - Why inflation will be moderate in the coming years.08:44 - Why deflation is more likely than hyperinflation.16:46 - Whether velocity of money is important for inflation.25:22 - Whether a negative budget balance leads to inflation.33:38 - How do you include inflation expectations in your retirement portfolio.47:42 - What the optimal inflation or deflationary target is.55:42 - What would a deflationary world look like?1:00:09 - Whether we are entering a period of a "Fed call".1:05:55 - What the 2Y treasury is telling us.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESStig's first part interview with Cullen Roche about <a href="https://www.theinvestorspodcast.com/episodes/inflation-masterclass-w-cullen-roche/"

IN THIS EPISODE, YOU’LL LEARN:01:10 - What is happening between the energy sector and the Bitcoin mining space?09:00 - Regulator capture with Ethereum.13:48 - Has Bitcoin reached a tipping point with energy and mining being interlinked?24:26 - Blackrock endorsing Bitcoin as ESG compliant.26:06 - Parker's concerns with ESG in general.37:49 - Taking custody of Bitcoin and why it's so important to its role in the future.40:31 - Unchained offering final settlement to a person's personal account.53:36 - Where are energy prices going in Europe from here?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESParker's Lewis' Twitter.<a href="https://twitte

IN THIS EPISODE, YOU’LL LEARN:18:35 - How the Great Inflation of 1965-81 shaped Jim Grant’s views on our current predicament.25:31 - How history shows us that human behavior around money has never really changed.&nbsp;30:50 - Why it’s futile to forecast interest rates, but wise to know what’s happened in the past.42:53 - How the Federal Reserve sparked rampant inflation, why it’s scary, &amp; how to deal with it.55:16 - How central bankers illustrate the perils of overconfidence &amp; the need for humility.1:03:20 - How the Fed could wreck the U.S. economy while attempting to tame inflation.&nbsp;1:07:01 - What investment opportunities Jim sees in this high-risk economic environment.1:10:43 - Why he’s bearish on bonds as a 40-year cycle of falling interest rates comes to an end.1:19:40 - Why Jim likes gold, not Bitcoin, as a protection against financial chaos &amp; monetary folly.</l

IN THIS EPISODE, YOU’LL LEARN:13:57 - The different levels of attention and focus and how to harness the one you need at any given time.27:57 - Frameworks that connect information into meaningful patterns to build deep knowledge and insight.33:23 - Why the best investors are masters of synthesizing these principles and leveraging information productivity.41:08 - How to ensure the information you consume is serving you best.1:04:27 - Which industries Ross believes will generate the billionaires of the future.1:11:50 - The current state of Artificial Intelligence.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRoss Dawson's Website.Thriving

IN THIS EPISODE, YOU’LL LEARN:00:43 - Eurodollar features.06:29 - Is the inversion in the yield curve going to keep persisting, does it matter?08:56 - What going on in China right now?08:56 - What's the impact on the real estate markets moving forward?10:35 - US Dollar chart.15:33 - Oil and gas charts.24:26 - Household Pulse Plots Figure&nbsp;.32:15 - What will things look like by the fourth quarter (around the horn)?43:35 - Is record low unemployment important for determining peak market conditions?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJay Gould&nbsp;and&nbsp;<a href="https://www.youtube.com/jaygoulds

IN THIS EPISODE, YOU’LL LEARN:01:06 - How things have matured in the markets since the previous quarter.05:08 - Unemployment chart.09:16 - What's truly driving the markets in the 3rd quarter?16:09 - Are we seeing buying exhaustion?57:10 - Margin debt.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJay Gould and his podcast.Jeff Ross and <a href="https://vailshire.com" rel="noopener noreferrer"

IN THIS EPISODE, YOU’LL LEARN:01:14 - What we can learn from Warren Buffett that can be implied in venture capital.04:09 - Why emerging markets and frontier markets generate superior returns.10:59 - What value add can a good investor bring to the table.36:05 - How to measure and validate the returns of venture capital companies.43:39 - What impact investing is.1:04:23 - How to identify the right team to lead a company.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSturgeon Capital’s website.Our interview with Kiyan Zandiyeh about <a href="https://www.theinvestorspodcast.com/episodes/frontier-investing-w-kiyan-zandiyeh/" rel="noopener noreferrer" target="_bl

IN THIS EPISODE, YOU’LL LEARN:03:15 - Why the price of oil has been experiencing 30% swings in Q2.07:23 - How the war between Russia and Ukraine has been affecting the oil and gas markets.26:50 - How interest rates continue to climb could affect the supply and demand of oil.31:06 - Recession risks for oil and why some smaller producers are experiencing very low valuation multiples.53:39 - Why Buffett’s Berkshire Hathaway has now invested $26B into Chevron and $13B into Occidental and shows no sign of slowing down.56:40 - How retail investors can think about investing like Buffett with a much smaller portfolio.1:08:10 - A forecast for airline stocks.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESBison Interests' <a href="https://biso

IN THIS EPISODE, YOU’LL LEARN:01:05 - What is the Time Value of Lightning?14:14 - Where Joe thinks rates go on the lightning network.19:57 - What are Joe's thoughts on leverage w/ companies like Luna, 3AC and others?42:11 - Is the bear market seeing signs of exhaustion?37:19 - What Rates lead the dance?57:01 - What actually drives the Bitcoin cycles?57:01 - What is his fair value confluence model?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJoe Consorti on Twitter.The Magma Market Place</a

IN THIS EPISODE, YOU’LL LEARN:09:28 - Rob's personal journey.14:31 - The basics of house hacking, rental arbitrage, AirBNBs, land hacking, and other strategies.28:26 - How to automate nearly all of the required AirBNB Host tasks.33:28 - What characteristics make up a great rental property.36:27 - The pros and cons of real estate versus other rentals like RVs and Turo cars.51:12 - How to get started even without a large down payment.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDavid Green's <a href="https://www.amazon.com/Buy-Rehab-Rent-Refinance-Repeat/dp/1947200089?keywords=BRRR&amp;qid=1659339529&amp;sr=8-3&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=da3b1784952eeee8d4de83e2d35ee5d4&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noo

IN THIS EPISODE, YOU’LL LEARN:01:34 - Alf's thoughts on the EU's Anti Fragmentation policy tool.08:07 - Is Europe next for Yield Curve Control?15:36 - What the CDS market is telling the world.24:28 - Is Italy going to be the next Cyprus?34:31 - Will the 10Y treasury make new lows on its yield?39:24 - Alf's thoughts on the Eurodollar impact on global decisions versus local US decisions.49:32 - Alf's thoughts on Chinese Real Estate crisis.01:07:03 - Alf's thoughts on Bitcoin.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAlf's Twitter.Alf's Fr

IN THIS EPISODE, YOU’LL LEARN:13:13 - Why business and life are all about adding value.25:08 - Why investors in 401(k) plans put up 100% of the capital, take on 100% of the risk, and only 33% of the return.51:26 - Why you should plant your seeds when you have nothing, to gain abundance in business and life.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESTony Robbins’ book,&nbsp;Unshakeable.</str

IN THIS EPISODE, YOU’LL LEARN:01:44 - Where Jeremy thinks we’ll go from here!06:10 - Why he believes rates will climb higher for longer.14:27 - How today’s market and economy may start to resemble the stagflation of the 1970s and 80s.29:03 - Why important resources are in short supply.42:29 - The best technologies fighting climate change.1:01:17 - The risk in Emerging and other markets outside of the US.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESGMO's Website.Jeremy’s Papers.Grantham

IN THIS EPISODE, YOU’LL LEARN:01:48 - Steven's quick lesson on the bond market.07:17 - How should people think about the securitization of lending?14:20 - How banks are dependent on credit duration on their balance sheet.24:53 - Steven's opinions on what to expect from the FED.35:42 - Steven's thoughts on oil moving forward.37:52 - At what point does the FED have to reverse course?41:45 - Steven's thoughts on the inverted bond yield curve.48:48 - Why are we seeing banks starting to buy homes?51:44 - What's the difference between trust, futures ETFs and Spot ETFs?56:07 - Is the SEC not approving an ETF to prevent dollars from leaving the system?01:08:35 - Steven's thoughts on the Euro Dollar system.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES</s

IN THIS EPISODE, YOU’LL LEARN:03:58 - How a famed Harvard psychologist inspired Daniel Goleman to study high performance.07:00 - How spiritual teachers like Ram Dass and Neem Karoli Baba led him to study meditation.12:35 - What neuroscientists have discovered about the impact of meditation on the brain.20:36 - How self-awareness helps us to manage our emotions and stay “balanced” amid chaos.23:05 - How to become more keenly aware of our fear and anxiety, so we can recover faster.29:21 - Why George Soros paid close attention to how he felt—emotionally and physically.31:47 - Why it’s risky to make big decisions when hungry, angry, lonely, tired, in pain, or stressed.34:50 - How the brain gets “hijacked” by sudden negative emotions—and what to do about it.37:48 - How Warren Buffett and Bill Miller succeed by reacting unemotionally to bad news.41:34 - How we can handle stressful

IN THIS EPISODE, YOU’LL LEARN:01:49 - Why Billionaire Bill Ackman says Adam’s new book is one of the best investing book he’s read in years.10:18 - Adam’s Business, Management, and Price (or BMP) checklist.14:33 - Why value investors should reconsider investing in high-growth tech companies.34:23 - Why Generally Accepted Accounting Principles (or GAAP) do an injustice for tech companies.38:38 - The concept of “Earnings Power” and how it changes the Net Present Value.49:36 - How to assess great management.56:37 - How tech companies use new ROC metrics like CAC and LTV.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESWhere the Money Is <a href="https://www.amazon.com/Where-Money-Value-Investing-Digital/dp/1982185147?hvadid=564685171189&

IN THIS EPISODE, YOU’LL LEARN:01:26 - How Obi became familiar with Bitcoin.13:39 - What Obi learned from running a major exchange for 8 years.21:02 - Things people should look for when selecting an exchange.27:44 - How Obi became a board member with Jay-Z and Jack Dorsey.37:15 - What is the Fedimint Protocol?51:41 - What is a federation and how does it work?55:28 - How inventions in the 80's are now finally being put into application 40 years later.01:06:15 - How Fedimint can be used on the base layer and L2.01:11:07 - What does a federation bring to custody - what is its importance?01:15:30 - How Obi envisions Fedimint protocol being used in the future.01:15:30 - What Obi is building on Fedimint.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES</st

IN THIS EPISODE, YOU’LL LEARN:01:06&nbsp;- What is the secret to the success of Silicon Valley?03:40&nbsp;- How to manage a company that is growing at 2.5% – per day!19:54&nbsp;- How to use your network to find new job opportunities.26:11&nbsp;- Why financing and distribution is just as important as the product you are selling.40:17&nbsp;- Ask The Investor’s Podcast: How do I value fast growing unlisted companies?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThe Investor’s Podcast’s episode about&nbsp;Reid Hoffman’s book, The Start-up of you.Kai-Fu Lee’s book,<a href="https://www.amazon.com/AI-Superpowers-China-Silicon-V

IN THIS EPISODE, YOU’LL LEARN:01:55 - Matt’s experience interacting with Bill Campell, the Trillion Dollar Coach in the eponymously named book.03:46 - What billionaires are often looking for when seeking out a coach.07:36 - Why Matt decided to go back to school before becoming a coach, even though he had a highly pedigreed resume.23:56 - A framework for determining when it makes sense to follow your passion and how Matt defines success.28:28 - What coaching is and what it is not.40:47 - Matt’s Game Plan System.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Inflection Point Book Website.Via Character <a href="https://via

IN THIS EPISODE, YOU’LL LEARN:01:21 - Why it's so hard for businesses to operate in this environment.08:01 - His thoughts on the CDS for banks right now.10:55 - How do things unfold in Europe?22:39 - Future manipulating the spot Bitcoin Price.32:27 - More QE.37:45 - Does Larry see the economy starting to get deflationary any time soon?42:39 - What does Russia want and what's their end game?49:43 - At what point does the bond market preemptively stop believing the FED can normalize?56:36 - Advice for people on a fixed income.01:04:27 - What are the top three charts Larry pays attention to?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLarry's Equity Fund: <a href="https://www.ema2.com/team" rel="noopener noreferrer" tar

IN THIS EPISODE, YOU'LL LEARN:00:02:04 - How Guy Spier deals with the many competing demands on his time and energy.00:03:07 - Why it’s vital to have clarity about your life mission and to structure your life around it.00:09:00 - Why it’s helpful to write your own obituary or funeral speech.00:09:59 - What strategies help Guy to focus better and handle the challenge of having ADHD.00:11:53 - How to construct an environment that enables you to think calmly and deeply.00:26:22 - How Guy structures his reading and why he routinely sends notes to his “future self.”&nbsp;00:30:43 - Why he owns a minuscule quantity of about 100 stocks.00:32:28 - Why he believes the real key to learning is to nurture relationships with the right people.&nbsp;00:37:04 - What guiding principles help him to decide how to manage his time.&nbsp;00:40:06 - Why he reads great novels and studies mathematic

IN THIS EPISODE, YOU'LL LEARN:00:03:02 - How Guy Spier’s ancestors lost their family fortune and became refugees in the 1930s.00:11:41 - How Guy was shaped by this story and embarked on a quest to restore their lost fortune.00:24:20 - Why investors need to recognize that nothing is stable and everything changes.00:28:12 - Why Guy settled in Switzerland and why he worries about the future of the U.S.00:35:34 - Why he doesn’t like Bitcoin or gold, preferring to own “productive assets.”00:45:11 - Why it’s critical to invest in a way that’s true to your own nature.00:51:00 - Why so many highly intelligent and talented fund managers end up failing.00:59:45 - How the crash of overvalued growth stocks proves again that “price really does matter.”01:03:17 - Why Nick Sleep’s concept of “destination analysis” is such a valuable filter for investors.&nbsp;01:14:08 - How to prosper by o

IN THIS EPISODE, YOU’LL LEARN:05:29 - Why Howard thinks the stock market is rigged.08:07 - How to treat investing and business like a game.20:20 - Why you should invest in companies you know and love, much like the style of Peter Lynch.23:54 - Howard’s 8 &amp; 80 rule.44:15 - Social Leverage45:03 - How to create a network of brilliant people.46:39 - How to cultivate joy in investing.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Social Leverage Website.Stocktwits Website.Panic with Friends <a href="https://podcasts.

IN THIS EPISODE, YOU’LL LEARN:01:18 - How Sven sees the current macro set-up.10:18 - Will the central banks keep tightening until something breaks?21:35 - What will the next round of stimulus look like from a size standpoint?25:31 - Why have the rates come up so quickly and is that the reason why nothing has broken yet?39:57 - Sven's thoughts on technical analysis.50:53 - Why did Sven change his mind about Bitcoin?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSven Henrich on Twitter.Sven's website Northman Trader.Find Pros &amp; Fair Pricing for A

IN THIS EPISODE, YOU’LL LEARN:01:11 - What is the cause and effects of falling empires and debasement of currencies.11:09 - Why the hardest money does not always win.17:08 - The problem with commodity money.&nbsp;24:21 - The relationship between fiat currencies and warfare.30:49 - What the Tiffin dilemma is, and how it’s relevant today.&nbsp;37:52 - Why Japan's macro situation is distinctly different than what will happen in the US and Europe in the years to come.&nbsp;46:07 - Why the Bank of Japan can’t forgive the debt to the government.59:24 - What history can teach us about the performance of stocks, bonds, gold, and oil in times of inflation.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Our interview with Lyn Alden about <a href=

IN THIS EPISODE, YOU’LL LEARN:02:00 - The 4 horsemen of the investing apocalypse, according to Jim.12:01 - How and why certain factors change over time.18:27 - The best approach to using discounted cash flow models.26:32 - Whether or not GDP and therefore Market Cap to GDP ratios are still relevant value indicators.59:30 - How Jim built OSAM and why he decided to ultimately sell.1:07:54 - What Jim learned from his highly successful and philanthropic grandfather.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:OSAM Website.Infinite Loops <s

IN THIS EPISODE, YOU’LL LEARN:01:20 - What in the world is happening with the Japanese Yield Curve Control?15:12 - James' thoughts on Risk Happening Fast (Luna, 3AC, Celsius).27:57 - Frequencies of settlement.32:07 - Are monetary policy-makers wagging the tail of politicians?34:07 - At what speed is this current cycle going to play out?35:29 - Has inflation peaked?42:49 - Recent statements by FED Chair Powell.49:47 - The battle between producer states and consumer states.01:09:52 - The housing market cooling off.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJames Lavish Twitter.<a href="https://lookingglasseducation.com" rel="noope

IN THIS EPISODE, YOU’LL LEARN:01:35 - Sam Walton’s 10 pieces of advice for building a successful business.05:35 - What Amazon learned from Walmart.28:29 - Why it is a big problem if your team is not complaining.38:43 - Ask the Investors: Are Warren and Charlie the competitive advantage of Berkshire Hathaway?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Sam Walton’s book,&nbsp;Made in America – Read revi

IN THIS EPISODE, YOU'LL LEARN:10:14 - How he pioneered the idea of behavioral finance by living it.&nbsp;12:32 - The highlights of Sir John Templeton’s career.35:00 - What led John to become Sir John.38:20 - How Lauren’s fund has evolved since it was first funded by Sir John.52:42 - Lauren’s thoughts on nature vs nurture, having grown up in a family of famous investors.1:01:00 - How to invest at the time of optimum pessimism and if we are there today.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Templeton &amp; Phillips Website.Templeton <a href="http://www.templetonandphillips.com/maximum-pessimism-report-newsletter-comm

IN THIS EPISODE, YOU'LL LEARN:02:03 - How Vitaliy is thinking through today’s market.21:06 - When active value investing is too active.31:50 - How to develop better habits.40:24 - What Vitaliy has learned from Stoicism.55:59 - How honing your art and craft is essential for investing and other areas of life.59:48 - What we can learn from classical composers as well as painters such as Van Gogh.01:08:34 - The equation for a meaningful life.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Soul in the Game <a href="https://www.amazon.com/Soul-Game-Art-Meaningful-Life-ebook/dp/B09MKNQT4X?crid=3BGTH9GIL4FV3&amp;keywords=soul+in+the+game&amp;qid=1655142153&amp;sprefix=soul+in+the+game%2Caps%2C145&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetw

IN THIS EPISODE, YOU’LL LEARN:01:20 - How Pablo found Bitcoin after two decades as a software developer.07:15 - Jack Dorsey's Web 5 announcement - what is it?08:32 - A deep dive into decentralized identity and data storage over the lightning network.28:36 - What his general thoughts are on the lightning network.36:57 - What are some of the biggest misunderstandings in development?41:22 - What are your thoughts on the decentralization of the lightning network?49:34 - Do you see a world where most people are running their own full node via something like a router?1:01:11 - How the world will be split between the producers and consumers.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://twitter.com/pablof7z" rel="noopener noreferrer" target="_

IN THIS EPISODE, YOU'LL LEARN:03:13&nbsp;&nbsp;- Why control is the key to motivating people.08:11&nbsp;- How do you form the best teams?22:02&nbsp;- Why GE is setting both SMART goals and strength goals.29:17&nbsp;-&nbsp;How to statistically make the best decisions.41:41&nbsp;-&nbsp;Ask the Investors: How diversified should I be when my portfolio is my net worth?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCharles Duhigg’s book, Smarter Faster Better – Read reviews of this book.Preston and Stig’s episode on&nbsp;<a href="https://www.

IN THIS EPISODE, YOU'LL LEARN:01:30 - What Kalshi is and why it’s a very unique company.02:36 - How events trading works.&nbsp;03:18 - What it took to get Kalshi approved by the Commodity Futures Trading Commission (or CFTC) - the first company of its kind to do so.42:57 - Why Billionaire Charles Schwab personally invested in the company.53:01 - Why Luana and her cofounder Tarik decided to create the company.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Kalshi's Website.Trey Lockerbie&nbsp;Twitter.Check out our&nbsp;

IN THIS EPISODE, YOU'LL LEARN:02:14 - What the Eurodollar is exactly.06:32 - What the Petrodollar is and why Jeffrey thinks it’s illusory.13:59 - How the global monetary system actually works, according to Jeffrey’s research.38:00 - Why the Russian Ruble is rising, despite being cut off from the swift system.42:19 - Why the dollar continues to rise.49:06 - What Zoltan Pozsar gets wrong in his latest report.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJeffrey Snider's Research.Jeffrey Snider's <a href="https://www.youtube.com/c/EmilKalinowski" rel="noopener noreferrer" target="_bla

IN THIS EPISODE, YOU’LL LEARN:02:23 - How Tyler worked on some of the digital asset laws in Wyoming.05:34 - How did some of those laws in Wyoming work their way into the federal bill?15:29 - What were some of the objectives of the Bill to keep it focused on the right areas?16:55 - Why Proof of Work and Proof of Stake is not discussed in the Bill.17:10 - Enabling Versus Disabling legislation.41:25 - How was the Luna melt-down discussed in Congress?46:34 - How the Responsible Consumer Protection section of the Bill works.51:08 - Responsible Payment Innovation and stablecoins.53:57 - Money Transmitter license and the impact.55:10 - Decentralized exchanges and how it's handled in the bill.56:10 - How taxes evolve.58:15 - The competitions happening between states and nations.*Disclaimer: Slight timestamp discrepancies may occur due t

IN THIS EPISODE, YOU’LL LEARN00:02:41 - How an introduction from Warren Buffett led to Mohnish’s friendship with Charlie Munger.00:04:46 - What it’s been like to hang out with Charlie over the last 14 years.&nbsp;00:15:45 - How Warren and Charlie have succeeded by being voracious “learning machines.”00:18:59 - How Warren and Charlie differ from each other as investors.00:22:12 - How Charlie figured out that Li Lu would be one of the greatest investors of our time.00:42:34 - Why it’s helpful to know that even the best investors are wrong a third or half of the time.00:43:18 - How a checklist and other “circuit breakers” can help you to reduce your error rate.01:00:53 - Why Mohnish and Charlie believe it’s a huge competitive advantage to be ethical.01:03:56 - How Mohnish decides whether or not to build a relationship with someone.&nbsp;01:12:55 - How he’s changed, becoming mor

IN THIS EPISODE, YOU'LL LEARN:14:38 - How to calculate your retirement needs.20:32 - How to determine how much cash you should reserve.39:46 - How to think through investment account types like 401ks, IRA’s, Roths, etc.51:17 - The ideal allocation of index funds.1:00:34 - When to consider alternative investments like real estate or small businesses.1:04:23 - Time and Energy trade-offs while determining your approach.1:08:59 - How to incorporate philanthropy.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMoney with Katie Podcast.Money with Katie <stro

IN THIS EPISODE, YOU'LL LEARN:01:45 - What levels indicate a crisis.12:00 - How to use the High Yield Spread as an indicator and why it works.16:34 - Why you should reconsider using a discounted cash flow model.29:46 - Verdad's four-quadrant approach.35:20 - How to mitigate confirmation bias while using a quantitative approach.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESVerdad Website.Dan Rasmussen Twitter.High Yield Spread <a href="https://fred.stlouisfed.org/series/BAMLH0A0HYM2" rel="noopen

IN THIS EPISODE, YOU’LL LEARN:02:43 - What it was like to start up Bitcoin Beach.06:16 - What Mike's distribution plan and onboarding were like for getting people to use Bitcoin?10:01 - Mike's opinion on the international Bitcoin summit for central bankers in El Salvador.15:11 - What was the most interesting takeaway from the summit?17:55 - What have the benefits been for the people of El Salvador thus far?31:46 - Mike had never met with a billionaire before in his life and then this year he has met with three - why?33:51 - What the central bankers thought of Bitcoin Beach.35:54 - What the central bankers think of Lightning Bitcoin transactions.57:27 - What about replicating Bitcoin Beach in other areas around the world?01:04:16 - How did the original donor communicate with Mike &amp; what was their guidance?*Disclaimer: Slight timestamp discrepa

IN THIS EPISODE, YOU’LL LEARN:0:40&nbsp;- Who is Phil Knight?7:16&nbsp;- What is the story behind Nike?13:38&nbsp;- What led to Nike’s success?31:24&nbsp;- What made Phil Knight a billionaire?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRead our free executive summary of the book, Shoe Dog.Phil Knight’s book:&nbsp;Shoe Dog – Read reviews of this book.Read

IN THIS EPISODE, YOU'LL LEARN:01:12 - Why Tobias Carlisle rang the bell on the NYSE.05:01 - Why the stock market still looks expensive.12:20 - Why the stock market is moving the way it does.17:27 - How to invest in a world with higher interest rates.27:21 - How deep value performs in bear markets.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESTobias Carlisle's podcast,&nbsp;The Acquires Podcast.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep<stro

IN THIS EPISODE, YOU'LL LEARN:01:30 - How Jim is thinking through today’s market and what previous era it most reminds him of.10:45 - A breakdown of his disciplined value investing approach.18:59 - Why you should care or even reconsider high dividend stocks.28:22 - Why value factor companies are expected to outperform in the near term.43:23 - What Jim has learned over his 50-year career and his favorite memory to date.and much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThe Case for Long Term Value Investing <a href="https://www.amazon.com/Case-Long-Term-Value-Investing-strategies-ebook/dp/B09MKKPM4P?keywords=the+case+for+long+term+value+investing&amp;qid=1653613281&amp;sprefix=the+case+for+long+ter%2Caps%2C129&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&a

IN THIS EPISODE, YOU’LL LEARN:01:05 - From a macro standpoint, what surprises them the most?04:51 - What is happening in the Credit Default Swap market?04:51 - Why are the CDS prices in Japan not so bad considering how much Yield Curve Control has been implemented?14:40 - Why is Fidelity so involved in Bitcoin and why is it so important?29:40 - Are the Credit cycles getting faster?39:19 - What's the next major central bank to implement Yield Curve Control?51:39 - What are fixed income investors thinking right now for long duration?52:59 - What kind of timeline is this "great reset" playing out?01:02:09 - What was the incentive for building the Looking Glass Education Platform?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://fide

IN THIS EPISODE, YOU’LL LEARN:05:42&nbsp;- Who is William Green and what is his book, “The Great Minds of Investing” about?08:39&nbsp;- What can all value investors learn from reading William Green’s book?47:24&nbsp;- Ask The Investors: Can you be successful by investing according to a formula?BOOKS AND RESOURCESWilliam Green’s book,&nbsp;The Great Minds of Investing.William Green's podcast: Richer, Wiser, Happier by The Investor's Podcast Network.Related Episode:<a href="https://www.theinvesto

IN THIS EPISODE, YOU'LL LEARN:03:53- Where the markets might be heading.12:36 - Elon’s latest update on his Twitter takeover.32:54 - Why alternative energy should be the main focus for climate innovation.&nbsp;39:05 - Field Trip’s business model.43:22 - General information about how psychedelics are being used for medical treatment.and much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAll-In Summit Website.Full interview with Elon Musk.Field Trip <a href="https://www.fieldtriphealth.com/" rel="noopener

IN THIS EPISODE, YOU'LL LEARN:06:48 - How Ed Thorpe influenced Bill Gross in the early days.04:49 - How Bill pioneered a market for trading bonds.09:23 - How Bill founded Pimco and the famous Total Market return fund.21:41 - How they successfully navigated the GFC and established an abnormal relationship with the government along the way.31:44 - The trade that began the decline of Bill’s time at Pimco.51:25 - Bill’s own autobiography was recently released.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThe Bond King <a href="https://www.amazon.com/Bond-King-Market-Built-Empire-ebook/dp/B08QGKKYX1?_encoding=UTF8&amp;pd_rd_w=vk7mq&amp;pf_rd_p=5fe95cd4-8512-42fa-bf21-63d83b898785&amp;pf_rd_r=EF7B0X170KS6TD70285V&amp;pd_rd_r=9a602962-9a34-4be1-a

IN THIS EPISODE, YOU’LL LEARN:01:47 - How Bitcoin first got into Shaun's life as an energy executive.07:48 - What was the reaction of most energy company executives that are learning about Bitcoin?12:16 - How fast is Bitcoin being adopted into the grid's infrastructure?14:08 - How does Bitcoin impact the bottom line for energy companies?14:08 - How does Bitcoin impact the energy grid's stability?22:21 - How policymakers understand the advantages of Bitcoin mining.37:26 - How energy prices may impact the value of Bitcoin moving forward.49:20 - What's the momentum for adding Bitcoin into the energy sector's asset mix?01:00:54 - As the price runs, does it become harder for the physical hardware infrastructure to capture the margins?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AN

IN THIS EPISODE, YOU’LL LEARN:00:06:41 - Why he views plunging prices and widespread pessimism as signals to buy stocks.00:08:19 - Why this period has been “extraordinarily painful” for Miller and many of his peers.00:08:54 - Why war,&nbsp;inflation, and rising interest rates mean we’re in a new investment environment.00:15:06 - Why he believes the battered stock market looks poised for a rebound.00:15:32 - How to handle the emotional pressure of brutal downturns in financial markets.00:17:31 - How he came to be the biggest individual shareholder of Amazon not named Bezos.00:26:28 - What stocks he’s looking at now that seem wildly cheap.00:25:13 - Why he’s bullish about Chinese tech and internet stocks like Baidu and Alibaba.&nbsp;00:49:39 - Why he regards Bitcoin as an insurance policy against financial catastrophe.00:55:59 - What he thinks Warren Buffett and Charlie Munger

IN THIS EPISODE, YOU'LL LEARN:01:51 - Why Toby is bull on Domino's Pizza (Ticker: DPZ)17:42 - Why Hari wants to invest in Meta (Ticker: FB)38:41 - Why Stig has decided to invest with Mohnish Pabrai*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMastermind Discussion Q1 2022.&nbsp;Mastermind Discussion Q4 2021.&nbsp;Mastermind Discussion Q3 2021.</strong

IN THIS EPISODE, YOU'LL LEARN:09:55 - Why it’ll be best to hold US assets over time.15:51 - Why is the Japanese Yen reaching 40-year lows?23:01 - How high energy costs exacerbate the issue.29:57 - Why the stagflation playing out today is the worst-case scenario.50:31 - The performance of silver and gold.1:00:14 - What is causing the dollar to strengthen to 20-year highs.And much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDollar Milkshake Explanation Video.Santiago Capital Website.</

IN THIS EPISODE, YOU’LL LEARN:01:42 - The FED's Soft Landing.09:10 - The Luna Stable Coin melt-down.23:20 - What's happening in the bond market?49:26 - Whether the stock market is due for a correction or not.53:56 - What's happening in China?01:00:50 - Regulation coming out of the Luna situation.01:16:09 - What it will take for the SEC to approve a Spot ETF.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJoe Carlasare's Twitter.Jay Gould's Twitter.Je

IN THIS EPISODE, YOU’LL LEARN:07:59&nbsp;- If new investors should build their portfolio around small cap stocks.13:55&nbsp;- Why there is more to it than just picking companies you understand.22:34 - How to identify a stock pick that has pricing power.27:26&nbsp;-&nbsp;A rather untraditional approach to identifying good stocks.36:05&nbsp;- Ask The Investors: Should a value investor invest in net-net stocks?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Peter Lynch’s&nbsp;book:&nbsp;<a href="https://www.amazon.com/gp/product/0743200403?ie=UTF8&amp;amp%3Btag=pypull-20&amp;amp%3Bcamp=1789&amp;amp%3Bcreative=9325&amp;amp%3BlinkCode=as2&amp;amp%3BcreativeASIN=0743200403&amp;amp%3BlinkId=8c259d6d419e2d03038eaa9f9055c650&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=073319845710034f35cebf5cb

IN THIS EPISODE, YOU'LL LEARN:01:35 - How to compete in competitive real estate markets and why conservative underwriting is necessary for longevity.08:08 - Ways to reduce your tax bill by investing in CRE.09:30 - Who CRE firms and funds go to for debt financing and what the debt structure can be for large real estate firms.12:02 - How real estate investors are taxed.25:03 - The difference between preferred equity and common equity.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESTIP’s Real Estate podcastMultifamily Investor Nation

IN THIS EPISODE, YOU'LL LEARN:01:49 - Overconfidence08:43 - Anchoring11:18 - Endowment Effect24:25 - Base-rate neglect and Recency bias33:01 - Social Proof48:30 - Scarcity&nbsp;And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSilver Ring Value Partners Website.Behavioral Value Investor Blog.Gary Mishuris Youtube.&nbsp;Trey Lockerbie <a href="https://twit

IN THIS EPISODE, YOU’LL LEARN:00:03:09 - What Gigi is most excited about for 2022.00:04:46 - What causes people to see Bitcoin from the bottom-up.00:13:28 - What are all the things that Bitcoin is doing simultaneously.00:17:15 How Bitcoin solves time stamping.00:23:38 - What is under appreciated in the Bitcoin space right now.00:21:26 - What incentives will drive the adoption of lightning.00:55:42 - Proof of Work (PoW) Versus Proof of Stake (PoS).00:37:32 - How to take something complex and make it digestible.00:43:08 - What question can you ask someone to understand the breadth of the understanding in Bitcoin.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESGigi's article: <a href="https://dergigi.com/2021/01/14/bitcoin-is-time/

IN THIS EPISODE, YOU’LL LEARN00:05:14 - How a teenage girl saved Arnold Van Den Berg’s life during the Holocaust.00:08:54 - How he learned to live a life guided by principles and the search for truth.00:24:51 - What his father taught him about the extraordinary power of the mind.00:42:37 - How Arnold transformed his body and mind to become a champion athlete.00:43:32 - Why “the single most important thing in life is what you believe.”00:44:39 - How Arnold taught himself to invest with no college degree or professional training.00:52:34 - What he learned from Ben Graham (and his own mother) about buying bargains.00:55:58 - Why the key to picking stocks is having the discipline to buy cheap.01:13:59 - How visualization helped him to become a successful money manager.01:18:28 - How to use hypnosis and affirmations to reprogram your subconscious mind.01:13:59 - What spe

IN THIS EPISODE, YOU'LL LEARN:03:20 - The biggest takeaways from the meeting.17:51 - Why and what Berkshire Hathaway invested $51B in during Q1 2022.34:15 - Berkshire Hathaway and their plans for share buyback.41:01 - Warren Buffett’s view of inflation.1:03:15 - Warren Buffett’s experiences of changing his opinion.1:16:33 - Warren Buffett's learning objectives on merger arbitrage bets.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESOur interview with Lawrence Cunningham about Berkshire Hathaway.Our previous episodes about the <a href="https://www.theinvestorspodcast.com/how-to-attend-the-berkshire-h

IN THIS EPISODE, YOU'LL LEARN:01:41 - Current risks posed by supply chain disruption and food shortages.05:27 - Updates on Evergrande, China, and Munger’s recent bipolar trade on Alibaba.14:39 - Why the most contrarian bet today is too short commodities.13:17 - The recent fall of Netflix and how other tech stocks might follow suit.27:12 - How David thinks through valuation and where the US stands today, compared to the global market.32:39 - Why Closed-End Funds are likely an overlooked and underappreciated asset trading on the NYSE.53:18 - What they are and why we should consider them, in addition to another asset called Business Development Companies.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMoney for the Rest of Us <a href="h

IN THIS EPISODE, YOU’LL LEARN:01:43 - Bill's overall thoughts on the current market conditions.09:31 - How Bill and his father first found Bitcoin.12:16 - Why Bill found Bitcoin to be an asymmetric investment.18:54 - Margin and investing.21:18 - Thoughts on Musk buying Twitter.23:35 - Bitcoin vs Crypto.28:49 - Concentrated investing and why it's important.31:12 - Mean / Variance Portfolio Theorem.40:54 - Finding big trends in markets.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESBill Miller IV Twitter.Miller Value Partners.<stron

IN THIS EPISODE, YOU’LL LEARN:02:38 - Why Security Analysis is one of Warren Buffett’s three favorite books.11:49 - Real case studies where Warren Buffett has directly applied skills acquired from Security Analysis.13:05 - The highlights for each of the 7 major parts in Security Analysis.30:08 - The difference in opinion between Benjamin Graham and Warren Buffett when it comes to dividends.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESPreston &amp; Stig’s book,&nbsp;Security Analysis (100 Page Summary) –&nbsp;<a href="https://www.amazon.com/gp

IN THIS EPISODE, YOU'LL LEARN:07:16 - How hedge funds and endowments have changed over the last 20 years.10:58 - The biggest misconceptions regarding endowment funds.20:30 - The impact of ESG policies and how the narrative around them may be changing or evolving.28:45 - Why Ted has abandoned his SPAC strategy.44:54 - How endowments think through allocating across different asset classes, especially alternatives.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Capital Allocators Podcast.Capital Allocators' <a href="https://www.amazon.com/Capital-Allocators-worlds-managers-invest/dp/0857198866?&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkI

IN THIS EPISODE, YOU'LL LEARN:09:47 - The story of how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake.15:04 - How he could have made hundreds of billions more had he simply invested in insurance.20:49 - His position in Conocophillips that resulted in a loss and how even through all of that, 1 single dollar invested with Buffett in 1965 would now be worth $3.65M23:00 - Why buying Dexter Shoes was, in Buffett's words, the worst purchase he ever made.30:42- How he missed out on Google, Amazon, and others41:29 - His overpayment for Precision Castparts.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:David’s <a href="http://blog.umd.edu/davidkass/" rel="noopener noreferrer" target="

IN THIS EPISODE, YOU’LL LEARN:02:31 - What attracted Morgen into finance.05:56 - How has being a CFA charter holder and being a Bitcoiner contrasted?17:52 - What are the issues most financial advisors have with Bitcoin?24:46 - Why do most financial advisors say "crypto" not Bitcoin?31:06 - How do elderly people that are dependent on a fixed income strategy navigate the current markets?38:32 - What's the best way for Bitcoin'ers to optimize their taxes?46:34 - What do you say to couples that have different risk aversions?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMorgen's Twitter.<a href="https://www.amazon.com/gp/product/B08LBQGWSP/ref=as_li_tl

IN THIS EPISODE, YOU’LL LEARN00:09:21 - Why it’s so valuable to build unscheduled “day-dreaming time” into your day.00:13:17 - Why it’s a competitive advantage to be a generalist in a world of specialists.00:18:29 - What 42 years as a professor have taught Aswath about how to communicate.00:31:14 - Why he’s intensely skeptical about the ESG movement.00:39:46 - Why he owns no cryptocurrencies and views Bitcoin as a currency “for the paranoid.”00:44:21 - Which investment principles guide him.00:46:20 - How to identify the investment philosophy that fits best for you.00:52:07 - Why he’s glad that he sold Amazon and Tesla, and how he hit the jackpot with Apple.00:54:49 - How he values businesses by focusing on three key drivers above all else.01:19:58 - Which investors he admires the most.01:23:20 - Why he believes that macroeconomic forecasting makes soothsayers look g

IN THIS EPISODE, YOU'LL LEARN:01:18 - What Warren Buffett’s letter to Mohnish Pabrai said. 04:53 - What is Mohnish Pabrai’s driver for being an asset manager?&nbsp;07:47 - What is Mohnish Pabrai’s role with Dakshana Foundation.&nbsp;13:47 - Is it an advantage to spend money on research tools.14:44 - Mohnish Pabrai’s natural biases.24:16 - What to look for in an asset manager.&nbsp;38:47 - How and why invest in a country with secular inflation and the investment case for Reysas Logistics.48:45 - Thoughts on Alibaba and why there is no concern with the VIE structure.50:33 - Thoughts on Tencent and why it might be a better business than Alibaba.&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Learn more about Mohnish Pabrai’s <a href="https:/

IN THIS EPISODE, YOU'LL LEARN:01:26 - The best investment Peter has ever made.04:01 - What the inverted yield curve is telling us.06:14 - The unfolding events in Ukraine and Russia and how they could affect the markets.&nbsp;21:09 - Peter's thoughts on housing, bitcoin, and annuities.44:52 - Some of the biggest mistakes investors make.48:18 - How to balance achieving our financial goals with living a fulfilling life.And a lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Creative Planning's Website.Peter Mallouk's <a href="https://twitter.com/PeterMallouk?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="noopener noreferrer" target="_

IN THIS EPISODE, YOU’LL LEARN:01:29 - Eric’s thoughts on the Bitcoin Miami conference.03:50 - Eric’s overview of the world economy.07:12 - Eric’s background in finance and how he found Bitcoin.24:51 - What are the common questions he hears from high net worth individuals about Bitcoin?28:14 - How he introduced Bitcoin to Michael Saylor.47:28 - What are his thoughts on the ESG FUD?01:01:43 - What are his thoughts on other alt-coins?01:04:20 - At what point does Eric see Bitcoin crossing the chasm for capital inflows of high net worth family offices?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESEric’s Fund.<a href="https://twitter.com/Eric_BIGfund" rel=

IN THIS EPISODE, YOU’LL LEARN:01:21 - Why The Intelligent Investor is Warren Buffett’s favorite book.07:51 - When and how you should conduct active and passive investing.13:26 - Why inflation is perhaps the most overlooked macro investing metric.20:13 - Why Warren Buffett thinks that Chapters 8 and 20 are the two most important chapters of The Intelligent Investor in investment literature.29:30 - How to calculate the intrinsic value of a stock and why Preston and Stig disagree with Warren Buffett.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Stig’s Chapter by Chapter video course for:&nbsp;The Intelligent Investor.Preston and Stig’s s

IN THIS EPISODE, YOU'LL LEARN:01:06 - What is the investment strategy of Oakcliff Strategy?05:50 - How did Bryan develop the conviction to invest in a company and the investment thesis behind Charter Communications.16:13 - How does Bryan Lawrence generate investment ideas.29:37 - How outperforming the market still requires you to underperform the market at times.&nbsp;32:42 - What is Bryan Lawrence's competitive advantage.44:22 - How do you identify the right investment manager.48:48 - How do you align the interest behind the investment manager and their clients.1:01:03 - Is there such a thing as an optimal fund size?&nbsp;1:05:23 - How to evaluate skill set and fund size.1:06:50 - How should investors factor in inflation.1:14:23 - Balancing the right level of cash and why it has been 16% on average for Bryan.&nbsp;*Disclaimer: Slight tim

IN THIS EPISODE, YOU'LL LEARN:01:25 - Why you actually might not want to max out your 401k.09:13 - Why you shouldn’t try to “buy the dip.”20:24 - Why you probably shouldn’t pick stocks.27:35 - Nick’s case for bonds in today’s economy.30:12 - How to buy during a crisis.35:40 - Three reasons you should consider selling a position.43:05 - Why even if you get rich you may never feel rich.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:OfDollarsAndData Blog.Just Keep Buying <a href="https://www.amazon.com/Just-Keep-Buying-Proven-wealth/dp/0857199250?_encoding=UTF8&amp;pd_rd_w=1SKGn&amp;pf_rd_p=bb56b41f-df49-41e1-be0a-6aa8b5f2

IN THIS EPISODE, YOU’LL LEARN:01:52 - Jason’s thoughts about Miami 2022.04:29 - What the newest executive order from the White House meant for Bitcoin.13:22 - Jason’s thoughts on CBDC.29:08 - How the executive order is researching systemic risk to the economy.33:20 - How the executive order is researching the illicit transactions.36:26 - What Senators Gillibrand and Lumis are about to present to Congress.39:59 - How long it will take to the get a bill through congress.01:04:17 - CFTC &amp; SEC involvement.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJason Brett's&nbsp;Twitter.<a href="https://www.federalregister.gov/document

IN THIS EPISODE, YOU’LL LEARN:00:02:27 - What Jason Zweig learned from his father, the wisest person he’s ever known.00:20:31 - Why investors shouldn’t trust what brokers and financial advisers are selling them.00:36:34 - How success is shaped by weird moments of random chance as well as skill.00:38:54 - What Warren Buffett said when Jason asked him, “Do you think you’re a genius?”00:59:41 - Why Benjamin Graham was obsessed with the overwhelming importance of survival.01:15:13 - Why investors need rules, policies, and procedures to drive their decision-making.01:25:59 - Why investing is, above all, a head game in which the secret of success is self-control.01:28:57 - What Jason learned while working with Nobel Prize-winning genius Daniel Kahneman.01:37:26 - Why investors should be optimistic, humble, and intensely wary of overconfidence.01:43:18 - How Jason thinks about the

IN THIS EPISODE, YOU'LL LEARN:01:28 - How is the S&amp;P500 currently values.05:43 - Whether investors still dollar cost average into the S&amp;P500.17:53 - How much of the S&amp;P500 return has come from the big five tech companies.23:29 - What can and more importantly, can’t you read from the 13F filings.32:51 - Was Berkshire Hathaway’s acquisition of Alleghany a good investment?&nbsp;44:11 - What stood out in Warren Buffett’s last letter.49:02 - How will inflation impact Berkshire Hathaway?&nbsp;1:08:06 - How will the interest rate hikes in 2022 impact Berkshire Hathaway.1:16:41 - What are Berkshire Hathaway’s normalized earnings?&nbsp;1:28:14 - What is the intrinsic value of Berkshire Hathaway?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:</

IN THIS EPISODE, YOU'LL LEARN:03:21 - How compounding works.07:01 - What is the S&amp;P500, Dow Jones, and NASDAQ, and how they came to be.26:44 - Why the stock market typically goes up over time.&nbsp;37:24 - Valuation metrics like the P/E ratio as well as things like earnings yield and dividend yield.55:50 - How the 401k originated from an accident.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Brian Feroldi's YouTube.Brian Feroldi's Twitter<str

IN THIS EPISODE, YOU’LL LEARN:01:31 - What market indicators are surprising Lawrence the most right now?09:17 - The energy market in a time of war.09:17 - What are his thoughts on the equity "melt-up" thesis?18:55 - If gold can't rally in this environment, when can it?34:01 - The battle between deflation and inflation.39:21 - What are some key knowledge points to watch out for?44:11 - What would Yield Curve Control look like?58:43 - Portfolio construction versus age.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLawrence Lepard's Twitter.Lawrence Lepard's&nbsp;<a href="https://www.ema2.com/team" rel="noop

IN THIS EPISODE, YOU’LL LEARN:04:02 - How Warren Buffett already read financial statements when he was a kid.12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.25:41 - Why Warren Buffett never replaces management in the companies he acquires.27:04 - How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way.41:01 - Ask the Investors: How do you generate ideas for new stock investments?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Check out our five-page executive summary of&nbsp;<a href="https://www.theinvestorspodcast.com/billionaire-book-

IN THIS EPISODE, YOU'LL LEARN:06:59 - The playbook Buffett was implementing back then and how that would look today.22:43 - The structure of Buffett’s early partnerships.37:30 - How to think about cloning someone's investment style versus developing your own.44:48 - Resources for finding new investment ideas.51:05 - The profile of an easy bet and how to find them.57:25 - What an Anti-circle of competence looks like.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Fit Finance Book</str

IN THIS EPISODE, YOU'LL LEARN:02:57 - John's relationship with money and experience with philanthropy.07:48 - John's experience as an early employee at Enron, becoming the head of their natural gas trading desk. His early career that led him to become the youngest billionaire in the US in 2007.15:48 - John's journey in founding his own hedge fund.&nbsp;51:17 - What led Michael to cofound GiveDirectly.&nbsp;52:44 - How GiveDirectly operates and why it’s important to start your own philanthropy efforts today.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:ArnoldVentures.org.<a href="https://acceleratecharitablegiving.org/" rel="noopener nor

IN THIS EPISODE, YOU’LL LEARN:12:30 - Recently the Senate is directing the State Department to investigate the economic impact Bitcoin is having on El Salvador - what is going on here?34:09 - What interview was the most memorable for Alex's new book?35:10 - Alex's thoughts on how financial privilege blinds people to Bitcoin's true impact.50:04 - Alex's comments on the cypherpunk movement and why it was so important to Bitcoin's foundation.01:02:00 - Bitcoin's privacy problem.01:11:40 - Why are so many people with power in the world reverting to tactics of control?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAlex Gladstein's new book: Check Your Financial Privilege.

IN THIS EPISODE, YOU'LL LEARN:How Joel Greenblatt crushed the market by making big, bold bets on cheap stocks.How a freak investment disaster taught him never to forget that bad things happen.Why he believes that the greatest investors tend to have “a screw loose.”How he handles the emotional pain and stress of investing.Why he never bought Bitcoin—and has no regrets about it.How he made a killing by studying Warren Buffett’s purchase of Coca-Cola stock.Why he admires Buffett even more after spending time with him in person.Why Greenblatt still believes in his “magic formula” for picking cheap and good stocks.Which exceptional businesses he owns for the long term in his personal stock portfolio.&nbsp;Why he feels “blessed” and “lucky”—and owes it to society to share his good fortune.What career advice and investment books he’s given to his five children.<p

IN THIS EPISODE, YOU'LL LEARN:02:58 - What peak performance looks like.13:58 - Why sleep is the lead domino for health and performance.50:58 - Why the brain likes routine.53:38 - How inflammation can be good and bad and what to do about it and How to use heat and cold treatments to boost performance.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Neuro Athletics' Website.Neuro Athletics' Blog.Louisa Nicola <a href="https://twitter.com/louisanicola_" rel="noopener noreferrer" target="_

IN THIS EPISODE, YOU'LL LEARN:01:38 - The advantages of being an outsider.06:10 - The realities of running a startup.09:28 -What makes up a star founder and the ingredients for success.13:32 - Why so many startups fail and how to look for the signs.37:56 - Startup deal terms and syndicates.45:31 - Common traits of Jason's many billionaire friends and colleagues.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Angel&nbsp;Book</strong

IN THIS EPISODE, YOU’LL LEARN:01:15 - Thoughts on the dollar remaining a global reserve currency.06:40 - How much the fixed income market and inflation is going to influence the broader market conditions.11:55 - Will negative interest rate spreads really matter that much?20:18 - The impact of Ukraine and Russia on supply chains.41:48 - Yield Curve Control and what it will take to get there.45:10 - How much could Bitcoin dip if we have a substantial macro sell-off?1:05:16 - Risk of not being in Bitcoin.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJoe Carlasare's Twitter.<a href="https://twitter.com/jaygould" rel="noopener noreferrer" target="_blank

IN THIS EPISODE, YOU'LL LEARN:06:25&nbsp;&nbsp;- Why you want the CEO to think more like a capital allocator than a traditional CEO.09:23&nbsp;&nbsp;- How the best capital allocators create arbitrage on their own stocks.24:39&nbsp;&nbsp;- Use to use debt intelligently when growing your company.36:27&nbsp;-&nbsp;How and why the most profitable companies do not compete on price.BOOKS AND RESOURCES:William Thorndike’s book,&nbsp;&nbsp;The Outsiders – Read reviews of this book.Additional resources on International P/E Ratios

IN THIS EPISODE, YOU'LL LEARN:04:34 - The benefits of building an audience when it comes to investing and the shift from "product first" to "personality first" and what that means.24:36 - How to build a personal moat to set you up for success.38:47 - What role luck has played in Alex’s career.1:02:16 - How successful people, billionaires especially, deal with anxiety and manage their mental health.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Morning Brew’s Website.Founders Journal’s Podcast.Impo

IN THIS EPISODE, YOU'LL LEARN:03:02 - Why do microcaps get a bad wrap?05:39 - How a few of the greatest investors got their start in microcaps.14:46 - How to identify microcaps that could grow up to be macro caps.23:14 - The psychology around cheaply priced stocks, including macro caps that do stock splits.32:04 - The pros and cons of a highly concentrated portfolio.47:18 - Ian’s strategy for finding profitable and sustainable microcap companies with great management.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Microcap Club's Website.Ian Cassel's <a href="https://twitter.com/iancassel" rel="noopener noreferrer" tar

IN THIS EPISODE, YOU’LL LEARN:01:06 - The importance of understanding what counterparty risk is.15:38 - Why self-custody is so important right now.31:20 - The main takeaways for a person in the market today.31:20 - Retirement planning and how to think about Bitcoin in your IRA.31:20 - Difference between self-directed IRAs and vehicles like GBTC.51:03 - What is happening with policy decisions.BOOKS AND RESOURCESCheck out Unchained Capital where Parker and Jeff work.Checkout Parker Lewis' Twitter.Checkout <a href="https://twitter.com/parkera

IN THIS EPISODE, YOU'LL LEARN:04:31 - How Marks was shaped by his first experience of a stock market bubble and crash.&nbsp;&nbsp;12:04 - How conversations with his son have led him to modify his investment principles.18:20 - Why he came to believe that buying cheap assets is the key to successful investing.&nbsp;26:01 - What is his view of the current investment environment?36:37 - Why Marks regards emotion as the “greatest enemy” of superior investing.48:40 - How to invest successfully in a period of high inflation.54:48 - Why Marks now believes that his “knee-jerk skepticism” about Bitcoin was wrong.58:43 - Why Marks is bullish on China at a time when most foreign investors are running scared.01:04:03 - Why moral values like integrity, candor, and fairness are essential to a good life.01:14:00 - How to succeed by playing to your own strengths and living life on your own t

IN THIS EPISODE, YOU’LL LEARN:01:39 - An update on Facebook, now Meta, since our last discussion in June 2021.11:53 - Oakmarks process to finding and vetting stock ideas.31:58 - How they think about diversification once they’re highly allocated in a certain sector.35:02 - An overview of some of Oakmarks top positions, including their heavy weighting in Alphabet.46:26 - Buffett’s recent position in Nubank and how it compares to Oakmarks positions in Ally and Fiserv.58:29 - A forecast of Oil and how EOG and Conoco will follow.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Oakmark Funds Website.Trey Lockerbie <a href="https://twitter.com/trey

IN THIS EPISODE, YOU’LL LEARN:01:17 - Why oil has been the most hated commodity as of late.07:09 - Debunking myths about oil.04:06 - Why supply levels could lag demand for the foreseeable future.17:30 - The key drivers of Oils spike in price.36:06 - Oil producers that Josh is invested in.59:13 - The Russia/Ukraine conflict and how it could potentially disrupt supply.1:06:42 - How Europe’s decline of Natural Gas will affect the price.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Josh Young Twitter.Bison Interests <a href="https://bisoninterests.com/" rel="noopener

IN THIS EPISODE, YOU’LL LEARN:00:59 - How Magdalena got involved in Bitcoin.02:38 - What it was like being a supreme court-appointed bankruptcy inspector for an exchange failure.10:29 - How events in Canada have impacted the way people view self-sovereignty.12:57 - Her experience with the 1st Bitcoin Fund on the TSX (3IQ Bitcoin fund).24:34 - The economic incentives that work best for policymakers in this space.27:06 - How Magdalena is thinking through the policy decisions from a mining standpoint.BOOKS AND RESOURCESMagdalena on Twitter.Magdalena's company Coinkite.New to the show? Check out our&nbsp;<a href="https://www.theinve

IN THIS EPISODE, YOU’LL LEARN05:02 - How an accident led Tony Robbins to discover the miracle of regenerative medicine.&nbsp;08:10 - How a wave of scientific breakthroughs can revitalize your body and even save your life.&nbsp;15:07 - Why it’s critical to detect health threats early with the help of new diagnostic tests.20:45 - What simple lifestyle changes can boost your energy levels and transform your health?31:31 -How to handle extreme stress, overcome adversity, and take control of your mind.41:39 - How to shift yourself into a high-energy state in which you perform at your peak.51:07 - Why do so many billionaires lead surprisingly unhappy lives?58:20 - How happiness and fulfillment depend on two things: growth and giving.&nbsp;60:27 - What high performers like Richard Branson, Tom Brady, and Ray Dalio have in common.*Disclaimer: Slight timestamp disc

IN THIS EPISODE, YOU’LL LEARN:01:33 - The recent events with Russia and how buying Russian assets might be the most contrarian trade in today’s markets.&nbsp;05:05 - The forecast for oil, which is a number that might surprise you.&nbsp;05:57 - The driving factors behind oil’s price movement.23:27 - His massive trade on Bitcoin and how he compares it to gold.24:32 - His biggest current position is in Uranium.31:17 - The pivot away from real estate for Mongolia Growth Group.37:56 - Potentially undervalued stocks in US real estate.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Kuppy's Blog.Praetorian

IN THIS EPISODE, YOU’LL LEARN:07:20 - Historical examples of market bubbles and the Tulipmania, did it actually happen?15:53 - Micro manias happening in the markets today and analogous examples from the past.31:17 - Lessons from the 1800s that could have prepared us for the recent bust in tech stocks.36:30 - The conditions that produce fraud in the marketplace.49:44 - How the world's first ETF was essentially created in the 10th century.58:23 - Benefits of speculation.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Yet Another Value Blog.Trey Lockerbie <a href="https://twitter.com/treylockerbie" rel="noopener noreferrer

IN THIS EPISODE, YOU’LL LEARN:02:07 - Luke's overview of the Macro Landscape since the Russian invasion of Ukraine.02:07 - Energy to the EU.02:07 - China's involvement.12:10 - Zelenskyy's unexpected response and defensive posturing.20:33 - Crops and fertilizer impacts.26:47 - Belarus' involvement in the war.26:47 - Turkey blocking the entry into the Black Sea.34:09 - Canada weaponizing their banks.34:52 - Weaponizing Swift.34:52 - The Ruble crashing.44:57 - Russia Minister working on a digital single world currency.46:01 - India's energy demands.48:46 - Gold's potential involvement.53:55 - Bitcoin's potential involvement.01:07:59 - Targeting high-net-worth Russian citizens.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND R

IN THIS EPISODE, YOU’LL LEARN:12:08 - Why you shouldn’t enter any relationship with the intention to change that person.15:34 - Why what you fear the most always materialize if you let it cloud your mind.39:31 - Why Oprah turned 40 before she learned how to say no, and why you should practice it now.43:29 - Why you should embrace the truth of your past and let it set you free.51:02 - Why you should show true gratitude without expecting anything back in return.And much more.&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Oprah Winfrey’s Book:&nbsp;<stro

IN THIS EPISODE, YOU’LL LEARN:01:03 - Why do commodities perform well in inflationary periods?08:55 - Why do different generations and nationalities look differently at gold?11:26 - How to best invest in commodities.15:21 - How can commodities markets be manipulated andHow much should your portfolio be exposed to commodities?19:57 - Why you should compare the price of gold to real interest rates.29:13 - Are there any classes that investors should not hold?&nbsp;33:30 - Why the M2 money supply growth should be your default yardstick when measuring real returns for asset classes.&nbsp;52:18 - Should you own gold or gold stocks?&nbsp;1:03:03 - What will the next monetary system look like?&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Lyn Al

IN THIS EPISODE, YOU’LL LEARN:01:27 - Predictions of the Discovery stock price post-merger.02:34 - Why value stocks will outperform this year with a special focus on sporting goods retailers and cyclical commodity companies.24:22 - The bullish case for cable companies.31:10 - The fall of peloton and how the price to value looks today.38:55 - The law of large numbers, how high flying tech might have its wings clipped.42:36 - How SPACs will fair since the recent bubble burst.And much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Yet Another Value Blog.Trey Lockerbie <a href="https://twitter.com/treylockerbie" rel=

IN THIS EPISODE, YOU’LL LEARN:01:34 - Why Entropy Dice are important for creating ultra-secure private keys.10:19 - When NVK came into the Bitcoin space and how he started his company.21:53 - The Block Clock incident with Jack Dorsey.26:21 - What is the Satscard?31:07 - How can the Bitcoin network be hardened.41:17 - How has Bitcoin impacted the current situation in Canada with the trucker protests?58:15 - Will Smart contracts get more traction on top of Bitcoin in the future?1:01:25 - What will UX look like with major cell phone companies entering the space?1:06:10 - Does he have security concerns of components being manufactured upstream of hardware wallet integration?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://twitter.com

IN THIS EPISODE, YOU’LL LEARN:03:27&nbsp;- The 5 distinctive stages of decline.09:35&nbsp;- Why a successful management should feel lucky rather than successful.26:39&nbsp;- Which 3 key ratios can predict if a company will fall.31:23&nbsp;&nbsp;- How and why a company can pull itself out of a decline.Ask the investors: Can Bitcoin benefit from the increasing pressure on the US Dollar?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJim Collins’ book,&nbsp;How the Mighty Fall – Read reviews of this book.Jim Collins’ book,&nbsp;<a href="https://ww

IN THIS EPISODE, YOU’LL LEARN:01:24 - How the economy has progressed since they last spoke.&nbsp;08:15 - The impacts of globalization and how it goes hand in hand with the US reserve currency.10:52 - Wage inflation and supply chain disruption.30:24 - How the Fed makes a profit.&nbsp;51:49 - How the Treasury should be the focus.56:19 - Richards's proposal to go big and go fast with a huge investment proposal that could catapult the US into a new era of dominance and how it wouldn’t cost a thing for US taxpayers.&nbsp;And so much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Richard Duncan Economics.The Money Revolution<a hr

IN THIS EPISODE, YOU’LL LEARN:01:14 - How the commercial real estate market has performed since we last spoke in mid-2021.03:44 - The top-performing markets of the last year.04:30 - What were the main drivers?07:01 - How labor and supply shortages have affected the market.20:12 - The impact of inflation.33:05 - The rise of niche asset classes.1:08:37- An update on the mass exoduses from places like California.And much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:CrowdStreet's website.The comprehensive guide to commercial real estate's <a href="https://www.amazon.com/Comprehensive-Guide-Commercial-Estate-Investing/dp

IN THIS EPISODE, YOU’LL LEARN:01:45 - Sam's background and why he became on expert on these NGOs (BIS, IMF, WB).02:27 - What the heck is the Bank of International Settlement (BIS)?06:43 - What was the history of the BIS?06:43 - Why does the BIS Still exist today?10:52 - How is the BIS Funded?24:26 - What the heck is the International Monetary Fund (IMF)?29:53 - How is the IMF Funded?31:29 - What the heck is the World Bank (WB)?31:29 - What was the history of the WB?31:29 - How is the WB funded?38:27 - Why does the IMF still exist today?48:11 - What was the history of the IMF?01:04:41 - Does the SDR stand a chance of becoming a world currency that's used?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="

IN THIS EPISODE, YOU'LL LEARN:19:06&nbsp;- How to make customer service your corporate vision and strategy.21:08&nbsp;- How to make your corporate culture your competitive advantage.27:39&nbsp;- Why your organization should write a culture book.42:17 - How a CEO can fire his board of directors.48:04&nbsp;- The 4 factors to sustainable happiness.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESTony Hsieh’s book:&nbsp;Delivering Happiness – Read reviews of this book,Read our free executive summary of the book,&nbsp;<a href="https:

IN THIS EPISODE, YOU’LL LEARN:01:12 - Why you want to be invested in a stock market that is opening up.16:32 - The bull and bear case of investing in Iran. One of the biggest frontier markets in the world.25:17 - Why the Iranian stock market has performed better than the S&amp;P500 and will continue to do so.&nbsp;46:22 - Why Iran might be the investment opportunity of a generation.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAmtelon Capital’s website.&nbsp;Maciej Wojtal’s Twitter profile.New to the show? Check out our&nbsp;<a href="https://www.theinv

IN THIS EPISODE, YOU’LL LEARN:01:52 - Michael's early career working under the tutelage of Bill Miller.06:08 - His introduction to the Santa Fe Institute and how it shaped his investing style.15:49 - The 3 steps of what Michael calls Expectations Investing.19:37 - The concept of reflexivity.25:26 - The problem with investing is based simply on multiples.30:35 - The rise of intangibles, what are they, and how to look through them.39:40 - The golden rule of share buybacks and why they are controversial to some.55:00 - How to calculate a company's competitive moat.58:09 - How Michael has updated the Security Analysis course at Columbia.1:04:33 - How to determine your own cost of capital.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOUR

IN THIS EPISODE, YOU’LL LEARN:01:01 - Who influenced Jurrien and what was sage advice he received when he was first learning?05:21 - What are some of the most important variables he looks at for cycle timing?13:58 - How much can the FED realistically raise rates in the current cycle.21:25 - How Jurrien thinks about earnings growth decline and P/E stagnation during a bull run.28:45 - What Jurrien's long-term secular outlook is for equities and bonds.30:55 - How does the FED respond to inflation in 2022?35:26 - Why has Fidelity been so early to Bitcoin compared to other Wall Street banks?35:26 - Why Fidelity views bitcoin differently than other digital assets.35:26 - What differences does Jurrien see with Bitcoin compared to other assets he's studied through the years?35:26 - Bitcoin Stock to flow (supply model) versus Bitcoin Demand Model (S-Curve).51:49 - The Volcan

IN THIS EPISODE, YOU’LL LEARN:01:38 - Who is Elon Musk and how will the billionaire change the world?12:31 - How does thinking like Elon Musk make you think like a billionaire?57:11 - Ask the Investors: Should I pick different stocks for my Roth IRA and 401(k)?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAshlee Vance’s book,&nbsp;Elon Musk –&nbsp;<a href="https://www.amazon.com/gp/product/0062301233/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0062301233&amp;linkCode=as2&amp;tag=pypull-20&amp;linkId=GP7PZEANLV6SPNJG#customerRe

IN THIS EPISODE, YOU'LL LEARN:1:25 - Ramifications of the most recent FOMC meeting (which was happening while recording).3:12 - Why Cullen thinks inflation has peaked and the risk of recession is low.25:07 - Why bonds are still appealing in a low interest/high inflation world.34:56 - The Greenspan Conundrum.34:52 - Series I bonds.57:42 - The benefits of diversifying, especially into low-cost index products.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Discipline Funds' website.Pragmatic Capital's website.</str

IN THIS EPISODE, YOU'LL LEARN:4:26 - Why Masterworks is choosing to stay private for the time being.1:25 - What the $110MM they raised will go towards.14:59 - Masterworks’ overall impact on the art market.&nbsp;21:33 - The most compelling research they’ve uncovered to date.30:00 - Which artist might have the first billion-dollar piece of art.35:19 - Scott’s evolving thoughts on NFTs and Web3.54:20 - Does decentralization disrupt Masterworks?And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Masterworks.io website.Trey Lockerbie

IN THIS EPISODE, YOU’LL LEARN:01:07 - Why Jeff transitioned away from being a doctor to being a hedge fund manager.10:25 - Jeff's thoughts on the healthcare sector.10:25 - Jeff's thoughts on the pharmaceutical sector.14:56 - How he can conduct "all-weather" investing with negative spreads in fixed income.25:35 - Why Jeff believes economic growth or tightening should be the first consideration for investors.29:51 - How Jeff identifies a shift in credit growth.29:51 - How Bitcoin might perform in a credit tightening event.33:45 - Regulatory guidance for Bitcoin and digital assets.56:35 - How Jeff thinks about correlation in a portfolio construction.59:35 - Why the GBTC discount and what it means.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<ul

IN THIS EPISODE, YOU'LL LEARN:01:18 - An in-depth analysis of the stock market crashes in 1907, 1929, 1987, 2008, and 201006:57 - The similarities between the FED’s monetary policy in 1929 and today16:02 - How the stock market could decline by 22.6% in a single day in 198726:46 - How the incentives for homeowners and investment bankers in 2008 destroyed the stock market33:25 - Why the next crash is going to look more like the flash crash in 2010 than any of the earlier crashesBOOKS AND RESOURCESScott Nation’s book, A History of The United States in Five Crashes – Read reviews of his book.Scott Nation’s <a href="https://www.amazon.

IN THIS EPISODE, YOU'LL LEARN:2:33 - Why Tobias Carlisle thinks that William Sonoma undervalued (Ticker: WSM)18:38 - Why Stig has changed his mind on gold46:16 - Why Hari Ramachandra believes that Coinbase is undervalued (Ticker: COIN)*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Stig’s interview with David Stein about Alibaba, Evergrande, and the collapse.Mastermind Discussion Q4 2021.Mastermind Discussion <a href="https://www.theinvestorspodcast.com/episodes/mastermind-q3-20

IN THIS EPISODE, YOU'LL LEARN:1:50 - Who are the members of the Paypal Mafia, their origin stories, and how PayPal came to be.36:35 - The many trials that Paypal endured.50:24 - The culture at Paypal and how it developed.57:59 - Jimmy's main takeaways having personally interviewed each billionaire and years of additional research.&nbsp;And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Jimmy Soni’s Book, The Founders.Jimmy Soni’s <a href="https://twitter.com/jimmyasoni" rel="noopener noreferrer" tar

&nbsp;IN THIS EPISODE, YOU’LL LEARN:01:23 - Mark's overview of monetary history leading up to the current events we see today in financial markets.08:11 - How the world is currently seeing peak centralization.12:23 - Mark's opinions on the Anti-communist manifesto.21:45 - Thoughts on Bitmex acquiring a 268-year-old German Bank.26:30 - Thoughts on the SEC and regulatory guidance.47:32 - Mark's thoughts on why PoW is so important.53:54 - Mark's thoughts on NFTs and smart contract protocols.1:01:30 - Thoughts on intel entering the ASICs business.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMark Moss's twitter.Mark's <a

IN THIS EPISODE, YOU'LL LEARN:10:18 - How to take positions in the market with a $5 upside and a $1 downside.13:14 - How to make money in spin-offs.26:45 - How to make money in risk arbitrage and merger securities.45:57&nbsp;- How call options work.BOOKS AND RESOURCESJoel Greenblatt’s book,&nbsp;You Can Be a Stock Market Genius – Read reviews of this book.Joel Greenblatt’s book,&nbsp;<a href="https://www.amazon.com/gp/product/B01K3OLOZW/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&amp;tag=pypull-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B01K3OLOZW&amp;linkId=d48c0b46df92d60f4c050d702fa4a183" rel="noopener noreferrer" targe

IN THIS EPISODE, YOU'LL LEARN:03:31 - What Joe learned from working at McKinsey and Goldman Sachs and also, what he did not learn.12:03 - The strategies that Titan offers.24:06 - What millennials, who are currently 4X poorer than Baby Boomers, can do to keep up their investing game.27:55 - Joe’s operational framework for Titan.33:44 - Tips from some of Joe’s biggest mentors.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Titan's website.Joe Percoco's Twitter.Trey Lockerbie's <a href="https://twitter.com/treylockerbie" rel="noopener norefe

IN THIS EPISODE, YOU'LL LEARN:10:39 - B2B SaaS&nbsp;tailwinds that have occurred from the pandemic.21:00 - The opportunity ahead for financial information migrating to the cloud.28:51 - Best metrics for tracking SaaS companies.33:11 - Logan’s take on SOFI stock performance, since he was previously a VP there and is also an investor.&nbsp;33:54 - Challenges ahead for the Fintech space, as there has been a lot of volatility as of late.46:11 - Logan’s strategic advice for Fintech founders as they plan ahead for 2022.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Fin VC's Website.Logan Allin's <a href="https://www.linkedin.com/in/loganallin/" rel

&nbsp;IN THIS EPISODE, YOU’LL LEARN:01:25 - Luke's overview of the Macro landscape.11:53 - Luke's thoughts on the dollar for the first half of 2022.18:08 - China's shift in monetary policy.18:08 - How Preston and Luke are estimating how high interest rates might go.26:55 - How currency exchange rates can offset interest rates (or make them twice as bad).31:51 - How China's water problem could turn into a major energy crisis.39:40 - How the reverse REPO system works.59:27 - What if the Saudis break the petrodollar system?1:08:42 - Luke's thoughts on Bill Miller's large Bitcoin position.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLuke Gromen's</

IN THIS EPISODE, YOU’LL LEARN:12:25&nbsp;- The different methods for stock investing valuations.13:43&nbsp;- The difference between investors and speculators.21:35&nbsp;- When you should hold short term and long term bonds.40:04 - How to counteract risk in your portfolio.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSeth Klarman’s book,&nbsp;Margin of Safety – Read reviews of this book.Preston and Stig’s podcast episode on&nbsp;<a href="https://www.theinvestorspodcast.com/the-intelligent-investor-benjamin-graham/" rel="noopener norefe

IN THIS EPISODE, YOU'LL LEARN:02:13 - How to use envy as a positive force in your life.09:43 - Which idea that Guy Spier had to let go of in his evolution as a value investor.15:03 - Why Guy Spier thinks that Charlie Munger is right and wrong about bitcoin being rat poison.15:49 - How to know which habits to clone and which not from heroes like Charlie Munger.25:29 - Why you can be a value investor and invest in bitcoin.&nbsp;40:05 - How to struggle well in life and investing?54:29 - How does the shorter tenure in the S&amp;P500 change how Guy Spier thinks about compounders.01:00:09 - Which investing knowledge Guy Spier would like to acquire if it didn’t require any time.01:07:19 - Why the best way to achieve success is to deserve it.01:15:03 - How and why you should be authentic and vulnerable.*Disclaimer: Slight timestamp discrepancies may occu

IN THIS EPISODE, YOU'LL LEARN:08:40 - How Eddy thinks through selling and rebalancing the portfolio.18:11 - What’s on the buy list for 2022 and what does it take to qualify to make it onto the list.41:14 - Eddy’s thoughts on the recent jobs numbers and markets today.48:51 - Individual companies that stood out to Trey in the list, and also Eddy’s top pick.And much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCrossing Wall Street's website.CWS's ETF.Eddy Elfenbein's <a href="https://twitter.com/EddyElfenbein?ref_src=twsrc%5Egoogle%7Ctw

&nbsp;&nbsp;&nbsp;IN THIS EPISODE, YOU’LL LEARN:01:09 - What was the ah ha moment for Stephan in Bitcoin?05:35 - What does Stephan think most people miss about the tech on Bitcoin?16:39 - Stephan’s thoughts on lightning Tech.30:48 - What kind of attack or vulnerability does Stephan think is most concerning for Bitcoin?40:43 - How does Stephan see regulation playing out in the near future?47:03 - DLCs and stable coins happening on Bitcoin.1:02:08 - Stephan’s thoughts on growth deflation.1:05:07 - Favorite Books.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESStephan Livera's Twitter.<a href="https://stephanlivera.com/" rel="noopener noreferr

IN THIS EPISODE, YOU'LL LEARN:01:10 - Who is Tony Robbins and what is his book “MONEY – Master the Game” all about?12:03 - Common financial myths.46:29 - The best advice from billionaires.58:49 - What do billionaires all have in common?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Our interview with Tony Robbins - We Study Billionaires Episode 210.Check out our five-page executive summary of the book, Money: Master the Game.Tony Robbins’ book,&nbsp;<a href="https://www.amazon.com/gp/product/147

IN THIS EPISODE, YOU'LL LEARN:01:29 - The ongoing developments from Omicron.08:58 - Which industries are most at risk.10:19 - Differences between the US and the Eurozone on many fronts.13:06 - The recent announcements from the US Fed.28:46 - Daniel’s forecast for inflation.33:01 - The future of ESG companies and the skepticism surrounding them.And much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDaniel Lacalle's Blog.Daniel Lacalle's Twitter.<li

IN THIS EPISODE, YOU'LL LEARN:03:40 - The origins of Koch Industries and how Charles rose to his billionaire status.05:37 - The operating system of Koch Industries, known as Market Based Management.15:08 - Charles Koch’s legacy and his mysterious operations behind closed doors.27:14 - The origins of the Federal Reserve and how it operates.31:21 - Actions taken by the FED since the GFC that have resulted in a very challenging predicament for the world's economy.31:46 - The untold story of Thomas Hoenig, a director at the FED, who was the sole opposing vote to the early FED initiatives following the GFC, which resulted in a severely damaged reputation that Christopher aims to redeem and much more.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Christopher Leonard's <a href

IN THIS EPISODE, YOU’LL LEARN:01:22 - Nic's general thoughts on the fundamental health of Bitcoin.25:29 - Politically how Nic sees the digital asset space progressing.25:29 - Global politics and what's happening with stable coins in Myan Mar.38:25 - Nic's thoughts on the Chivo Wallet in El Salvador.43:02 - What are Nic's thoughts on Ethereum?57:15 - How does Nic think about the centralization of mining in Bitcoin?1:00:40 - Jack Dorsey's recent comments on Web 3.0 and VCs having a conflict of interest.1:02:47 - The fixed income market and inflation.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAll of Nic Carter's Articles.<a href="https://nicc

IN THIS EPISODE, YOU'LL LEARN:14:14 - Why you can have anything but not everything in life.28:17 - Ray Dalio’s 5-step process to achieve your goals in life.33:28 - Why 15 uncorrelated bets is the holy grail of investing.49:46 - The personal advice Ray Dalio gave to Preston.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Ray Dalio’s book,&nbsp;Principles – Read reviews of this book.Ray Dalio’s book&nbsp;Principles for De

IN THIS EPISODE, YOU'LL LEARN:5:06 - Why Dalio believes the U.S. is in danger of a dramatic and turbulent decline.11:23 - How China is rapidly rising to become the world’s dominant power.30:30 - Why Dalio warns that cash and bonds are terrible bets in today’s environment.39:48 - Why Dalio views diversification as “the most important thing”.41:52 - Is Bitcoin a speculative craze or a smart hedge against inflation?1:04:57 - How to succeed by being “radically truthful”.1:16:21 - How a disastrous mistake turned into one of the best experiences of Dalio’s life.1:23:44 - How meditation has strengthened Dalio’s creativity, equanimity, and resilience.1:34:45 - What Dalio has learned from the devastating loss of his son.1:37:42 - Why Dalio’s faith in the power of evolution makes him hopeful for the future.*Disclaimer: Slight timestamp discrepancies may occ

IN THIS EPISODE, YOU’LL LEARN:01:15 - Chain-weighted inflation with Kyle Bass.04:48 - Hyperinflation in the US&nbsp;with Morgan Housel.08:44 - High Growth Companies with Brian Feroldi.12:10 - Howard Marks on Price &amp; Valuation.17:39 - Chamath Palihapitiya on Value.19:51 - Tom Gayner on Assessing Management Team.36:50 - Jeremy Grantham on Fed's limits.01:00:50 - Definitions of Risk.and much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESTrey Lockerbie's Twitter.New to the show? Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" tar

IN THIS EPISODE, YOU’LL LEARN:01:28 - How Mauricio and Adam first met.03:38 - Mauricio's experience with hyperinflation in Venezuela.08:09 - Why Build Ledn and what's its value to the market.11:50 - How Ledn assist borrowers with Real Estate down payments.14:49 - Why would a person pay such a high-interest rate?18:06 - How individuals can use reverse loans on Real Estate to buy Bitcoin.26:45 - How does the custody of the collateral work?28:22 - Why use USDC versus Tether.32:46 - What's the growth in the borrowing and lending space look like.36:12 - How does the appraisal of the real estate value work?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESFollow <a href="https://twitter.com/cryptonomista" rel="noopener noreferrer" target="_blan

IN THIS EPISODE, YOU’LL LEARN:01:55 - Terran’s fundamentals.11:36 - Key differences in the technology of the satellites in play.18:51 - The competitive landscape of the Earth Observation as a service industry.31:51 - Why Terran is choosing to go public through a SPAC merger.46:33 - A look into the team behind Terran and also the SPAC Sponsor team.53:20 - Marc's experience as a private investor and much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMarc Bell's WebsiteMarc Bell's TwitterTerran Orbi

IN THIS EPISODE, YOU’LL LEARN:08:16 - The basics of quant investing.15:54 - The commoditization of the approach has led to a “Quant Winter”.18:52 - How size and scale applies to the strategies.47:39 - How machine learning is playing a bigger role in the quant approach.1:02:03 - The economic framework Jonathan has devised after decades of research.And much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDelphia Website.Active Portfolio Investing <a href="https://www.amazon.com/Active-Portfolio-Management-Quantitative-Applications/dp/1557388245?crid=HD92HV36AMPJ&amp;keywords=active+portfolio+management&amp;qid=1638816780&amp;sprefix=active+portfolio+mana%2Caps%2C

IN THIS EPISODE, YOU’LL LEARN:00:51 - What gave Saifedean the idea for the new book.04:15 - What are the four key elements of how the Fiat system works?10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy.15:39 - Inflation is a vector - what does that mean?24:27 - How has fiat corrupted the existing incentives in food, academia and other areas?36:19 - What is the shadow banking system?37:59 - What's the purpose of the IMF?58:10 - How does fiat mess with economic calculation?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESBuy <a href="https://www.amazon.com/gp/product/B09KKVNQBK?&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=8acefc70316956f2b472ba3ee6a9898d&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopene

IN THIS EPISODE, YOU’LL LEARN:01:41 - What investing in Special Situations looks like.03:34 - Investing in bankruptcies, liens, and other esoteric situations.11:24 - How Thomas turned $7k into over $1MM by finding an important footnote on a penny stock company.31:09 - Learnings from Billionaire Sam Zell and others.&nbsp;43:25 - Thomas’ epic 40x return from investing in claims from Japanese crypto exchange, Mt. Gox.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThomas Braziel's Twitter.Am I Being Too Subtle by <a href="https://www.amazon.com/Am-Being-Too-Subtle-Straight/dp/1591848237?&amp;linkCod

IN THIS EPISODE, YOU’LL LEARN:2:39 - Insights into building your own board, team, and cap table.4:27 - The traditional path and alluring appeal of becoming an institutional investor, but also what it lacks.8:58 - Leadership techniques Ryan learned from Coach K, the famous basketball coach at Duke University, while he was on the basketball team.22:38 - The hidden misalignments of incentives in the crowdfunding space.26:33 - How investors can protect themselves while considering crowdfunding deals.58:40 - The future of fintech and web3.And a whole lot more.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRyan Caldbeck's Website.Ryan Caldbeck's

IN THIS EPISODE, YOU’LL LEARN:03:01 - Does Bitcoin have any intrinsic value?07:01 - Bitcoin uses too much energy consumption.19:47 - Governments can kill Bitcoin.30:50 - Bitcoin looks and feels like a bubble.34:14 - Bitcoin is too volatile.36:33 - Bitcoin is manipulated.37:38 - Regulation in the coming year.52:36 - What is the lightning network?57:41 - Alt Coins are everywhere, why does Bitcoin win.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDan Held's twitterDan Held's newsletterIf you're new to the show and don't know wh

IN THIS EPISODE, YOU’LL LEARN:03:16 - The history of money and how we’ve arrived at the monetary landscape we have today.32:32 - The playbook the FED might use in the event of a debt default.38:22 - The current labor shortage.49:21 - The velocity of money and how it’s misunderstood.51:41 - A deep dive on Central Bank Digital Currencies.&nbsp;01:08:28 - Farmland exposure.and much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESHeresy Financial's Youtube.Joe Brown Twitter.When Money Dies <a href="htt

IN THIS EPISODE, YOU’LL LEARN:17:45 - Learnings from Peter Thiel and Mark Cuban19:28 - Why you should consider wine in your portfolio22:50 - The basics of wine itself and what separates a “fine wine” from all the rest27:22 - The biggest risks to the wine industry38:58 - How to build a portfolio of wine, or simply invest in a wine index56:26 - How to impress your significant other next time you’re at dinner or the wine shopand more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESVinovest's website.Anthony Zhang's Twitter.The B

IN THIS EPISODE, YOU’LL LEARN:04:38 - Sahil's thoughts on curating content online.10:45 - Why Sahil has gotten interested in Macro and sound money.17:13 - What is the Cantillon Effect and why is it important?17:13 - Sahil's thoughts on how a person can use this macro concept for investing.30:10 - Portfolio construction in today's environment.30:10 - His thoughts on alt-coins.54:57 - Who Sahil follows.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSahil's Twitter Account.Sahil's Newsletter.Sahil's <a href="https://whereithappens.trwih.com"

IN THIS EPISODE, YOU’LL LEARN:01:10 - How to think about ESG when you invest.&nbsp;07:46 - Why ESG is lowering the cost of capital.20:23 - Which data from international markets do investors need to invest away from the US21:10 - How did the US go from owning more of the world to the world owning more of the US?&nbsp;28:29 - Which timeless principles do we have in investing?&nbsp;37:26 - How can you still be a value investor when the strategy is not working short term?&nbsp;45:24 - Is there any secular trends to look out for in the decade to come48:16 - How do you find a good benchmark for your portfolio?&nbsp;54:14 - Why John Husmann estimates the expected return for S&amp;P500 is negative*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESListen to

IN THIS EPISODE, YOU’LL LEARN:13:50 - Why a portfolio of SPACs could be a great place to park cash.22:03 - Private Investments in Public Equity, aka PIPEs. What they are and how they tie into SPACs.31:02 - SPAC sponsoring DMY Technologies and their latest target, Planet.44:24 - What planet does and why it might be the most interesting company going public in the near future.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.&nbsp;BOOKS AND RESOURCESTrey Lockerbie’s Twitter.Chris De Muth’s Twitter.Preston, Trey &amp; Stig’s tool for picking stock winners and

IN THIS EPISODE, YOU’LL LEARN:01:10 -&nbsp;How did the coordination with El Salvador to create this bond come about?01:10 - How is the bond backed?02:55 -&nbsp;What's the terms of the issuance?08:23 -&nbsp;What's the conservative return expected from the issuances?12:33 -&nbsp;Why would someone buy this bond over just owning Bitcoin?29:16 -&nbsp;How is citizenship incorporated into the bond?36:46 -&nbsp;Where can a person buy it?36:46 -&nbsp;How can they buy it?46:26 -&nbsp;Sovereign competition for regulatory considerations.52:08 -&nbsp;Bitcoin City in El Salvador.58:28 -&nbsp;What's the liquidity going to be like?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<a href="https://twitter.com/adam3us" rel="noopener noreferrer" ta

IN THIS EPISODE, YOU’LL LEARN:01:07 - What is Tobias Carlisle's view on the general stock market?03:20 - Why angel investing and venture capital is currently being indexed without due diligence.&nbsp;05:35 - Why Tobias Carlisle thinks that Lockheed Martin is undervalued (Ticker: LMT).24:32 - Whether Stig Brodersen has doubled down on Alibaba.25:39 - Why Stig Brodersen thinks that GoDaddy is undervalued (Ticker: GDDY).39:24 - Why GoDaddy is not a tech company.&nbsp;44:08 - Why Hari Ramachandra believes that Verizon is undervalued (Ticker: VZ).&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.&nbsp;BOOKS AND RESOURCESMastermind Discussion Q3 2021.<

IN THIS EPISODE, YOU’LL LEARN:09:27 - Investing and being a board member alongside Bill Gates on many companies.18:13 - The future of nuclear energy.24:30 - Manufacturing in space and iPhone-sized satellite technology.&nbsp;28:34 - 3D printing44:41 - The privatization of defense.50:15 - Quantum computing56:19 - Virtual reality and the metaverse, what is and isn’t overhyped.&nbsp;And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.&nbsp;BOOKS AND RESOURCESLux Capital Website.Josh Wolfe Twitter.Trey Lockerbie <a href="https://twitter.com/treylocker

IN THIS EPISODE, YOU’LL LEARN:01:07 - How they have learned so much at such a young age.13:10 - Long-term Versus Short-term investors and using their on-chain fingerprint to help manage longer-term positions.27:33 - How they think about volatility and how derivatives are impacting the Bitcoin Price Action.40:04 - Borrowing premiums and how it can provide clues into oversold or overbought conditions.40:04 - What metrics they would focus on for a market top indicator.01:05:33 - The most misunderstood aspects of on-chain data.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESWill Clemente's Twitter Account.<a href="https://twitter.com/DylanLeClair_" rel="noopener

IN THIS EPISODE, YOU’LL LEARN:00:53 - Which book that Charlie Munger had recently said is “one of the best ever written.”06:46 - Whether the best investors truly live by an inner scorecard.11:09 - Whether there is such a thing as the “right background” to become a successful investor.24:36 - Whether concentration indeed is how to become rich and diversification is how to stay rich.32:59 - What will happen to the culture in the value investing community when Buffett and Munger are no longer among us.&nbsp;43:14 - Who is Matthew McLennan, and why is he one of the most impressive investors in the world.&nbsp;57:15 - How does William Green invest?01:12:26 - How William Green’s relationship is with Guy Spier.01:26:18 - How can we live and invest accordingly to our values?&nbsp;01:34:54 - Whether we should learn from successful investors who do not have the right values?&nbsp;&nbs

IN THIS EPISODE, YOU’LL LEARN:01:39 - What the Dollar Milkshake Theory is.31:53 - How the Dollar Milkshake Theory has evolved through Covid.56:50 - The range to watch for the DXY (a.k.a US dollar index) but more importantly at what rate of change.61:49 - How supply shocks could impact the dollar in 2022.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESDollar Milkshake explained.Santiago Capital Website.Brent Johnson <a href="https://twitter.com/SantiagoAuFund?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="noopener

IN THIS EPISODE, YOU’LL LEARN:04:50 - Jeff's thoughts on the supply chain impacts.10:56 - How he sees central bankers adjusting policy moving forward.13:22 - What another liquidity crisis might look like.49:55 - Equity valuations.01:00:09 - The idea of smaller amounts of debt in the system in a post-bitcoinized world.01:08:07 - How will the typical workforce deal with such an event?01:08:07 - What kind of timeline until something like this could happen?01:11:28 - Does the world become more unified under a Bitcoin standard?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJeff Booth's Twitter.Jeff's Book, <a href="https://www.amazon.com/Price-Tomo

IN THIS EPISODE, YOU’LL LEARN:04:19 - The early days of Hayman Capital.&nbsp;23:07 - Why Kyle is protecting his capital by buying farmland.&nbsp;24:34 - Bitcoin, gold, and central bank digital currencies.&nbsp;41:23 - Chinese real estate, demographics, accounting concerns.49:47 - Oil and natural gas and why Kyle thinks we’ll soon be seeing unprecedented prices.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESHayman Capital Management's Website.Kyle&nbsp;Bass' Twitter.Trey Locke

IN THIS EPISODE, YOU’LL LEARN:01:47 - Tom’s billion-dollar entrepreneurial journey.19:12 - How to identify companies with high implied volatility and expected return and what that means.20:12 - How layering options on top of buy and hold strategies can help generate income whether markets are up, down, or sideways.31:54 - The optimal time to buy and sell an option.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:TastyTrade website.Tastyworks website.Trey Lockerbie <a href="https://twitter.com/treylockerbie" rel="noopener noreferrer" target="_blank"

IN THIS EPISODE, YOU’LL LEARN:01:35 - Guy and Greg's thoughts on the pop culture impact.10:33 - The White House committee guidance for stable coins.21:58 - Greg's thoughts on CPI Versus Interest rates.38:03 - How should people manage their personal mortgages?01:04:01 - What do interest rates look like in hyperbitcoinization?01:15:09 - The chances of a March 2020 type event happening again.01:26:20 - Risk tolerance between generations.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESGreg's Twitter.Guy's Twitter.<a href="https://bitcoinaudible.com/" rel="noopener noreferrer"

IN THIS EPISODE, YOU’LL LEARN:01:43 - Which ETF strategy is right for you?06:49 - Why there is no such thing as passive investing?12:17 - How does an ETF technically work, and why is it a tax-efficient investment instrument.22:18 - What is the difference between the gross and net expense ratio?26:16 - Should you pay attention to backtesting results when you choose which ETF to invest in?31:05 - How do you launch your own ETF?&nbsp;40:12 - Are retail ETF investors at a disadvantage compared to institutional investors?&nbsp;45:29 - How much does it cost to run an ETF?&nbsp;48:35 - How to think about fund of funds.53:27 - Why should you invest in long-term bonds in today’s environment?&nbsp;1:00:14 - Which implication has the interest rate on ETF investing?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differen

IN THIS EPISODE, YOU’LL LEARN:09:23 - Key lessons in approaching acquisitions.12:27 - What Brent has learned from breaking bread with the likes of Warren Buffett and Charlie Munger.45:11 - Managing styles and the importance of autonomy.47:33 - Learnings from the private market that translate to the public markets.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Permanent Equity's Website.Brent Beshore's Twitter.<

IN THIS EPISODE, YOU’LL LEARN:01:17 - CJ's experience in the MLB.10:48 -&nbsp;Why was CJ in Washington DC recently?17:18 -&nbsp;What do most staffers think of Bitcoin?18:50 -&nbsp;What do most politicians ask when it comes to Bitcoin?31:42 -&nbsp;How are core developers and upgrades incorporated into the Bitcoin protocol?31:42 -&nbsp;What risks are there for governance?48:51 -&nbsp;What is something that so many people miss when it comes to Bitcoin?01:05:52 -&nbsp;CoinJoins.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCJ's Twitter.Jimmy's <a href="https://www.amazon.com/Jimmy-Song/e/B07NP16JG7?&amp;linkCode=ll2&amp;tag=tipnetwork-20&amp;

IN THIS EPISODE, YOU’LL LEARN:02:09 - Kat’s rise from being a Hooters waitress at age 18 to being a VP of Hooters by age 26.22:21 - What it was like to be placed at the helm of Cinnabon during the great recession and how she pulled off a miraculous turnaround.&nbsp;26:40 - Operating principles that can be applied to any business.41:21 - The importance of community while building a brand and so much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Kat Cole's Twitter.Trey Lockerbie's Twitter.Preston, Trey &amp; Stig’s tool for picking stock winners and managing

IN THIS EPISODE, YOU’LL LEARN:01:01 - Willy's thoughts on the super-cycle theory.05:53 - Willy's thoughts on the ETFs and what it means for S2F.10:39 - Why Realized Market Cap is an important metric.13:57 - What is one of Willy's favorite charts right now?26:05&nbsp;- Short term traders versus long term hodlers and how they impact the price action.30:29&nbsp;- What caused the summer consolidation?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESWilly's Twitter Account.Willy's Newsletter.Invest in the $1.7 trillion art market with&nb

IN THIS EPISODE, YOU’LL LEARN:21:41 - When to use leverage and when not to.24:16 - The interesting correlation between gold and lumber and how to use it as a key indicator.28:31 - How a highly active tactical rotation approach can beat the market.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Lead Lag's Report Website.Michael Gayed's Twitter.Trey Lockerbie's&nbsp;Twitter.Preston, Trey &amp; Stig’s tool for picki

IN THIS EPISODE, YOU'LL LEARN:17:27 - How to invest through recessions.&nbsp;19:23 - Why Dev no longer invests in Biotech after he spent 18 years in Biotech Ventures.48:21 - The value of running a highly concentrated portfolio.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Valley Forge Capital Management's Website.CNBC Buffett resources' Website.Trey Lockerbie's Twitter.Prest

IN THIS EPISODE, YOU’LL LEARN:02:33 - What's happening in the broader macro economy from his perspective?16:56 - Will the Stock to Flow model eventually fail?30:49 - Regional trends - specifically with Proof of Work.38:16 - When will more countries start to adopt it?41:33 - Is the ETF important?50:29 - Lightning adoption, what's the impact?54:31 - Would Plan B ever reveal himself?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESPlan B's Website: PlanBTC.com.Join&nbsp;OurCrowd&nbsp;and get to invest in medical technology, breakthroughs in ag-tech and food production, solutions in the mul

IN THIS EPISODE, YOU'LL LEARN:05:16 - The biggest takeaways from his discussion with Stan.26:35 - Trung's background in real estate in Asia with thoughts on Evergrande.38:16 - What opportunities are most exciting.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Michael Pettis on Evergrande.Frederick Neckar on Druckenmiller's conviction.Jack Butcher's $200k NFTs for charity<st

IN THIS EPISODE, YOU'LL LEARN:01:12 - The 4 pillars of inflation.31:16 - Opportunities in Gold, Silver, and Palladium.51:54 - The risks of deglobalization especially from China.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Crescat Capital's Website.Tavi Costa's Twitter.Trey Lockerbie's Twitter.Preston, Trey, &amp; Stig’s tool for picking stock winners and managing our portfolios:&nbs

IN THIS EPISODE, YOU’LL LEARN:02:20 - What's happening at the state level with Bitcoin legislation?08:34 - Why Parker encourages people to delete Facebook.10:39 - Parker's thoughts on the current supply chain issues.29:55 - Parker's thoughts on the debt ceiling.55:53 - Whether a Bitcoin ETF will impact things much.01:03:19 - Does the typical person have the capacity to self-custody?01:12:06 - Tax planning for people with sizable Bitcoin gains.01:16:06 - Parker's thoughts on Bitcoin lending.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESParker Lewis's article: Bitcoin is the Great Definancialization.Pa

IN THIS EPISODE, YOU'LL LEARN:00:43 - How does Treasury-Inflation-Protected-Securities (TIPS) work, and is it good inflation protection?04:26 - Are TIPS a good investment for some investors but not for others?&nbsp;05:24 - How to protect yourself against inflation&nbsp;09:53 - How to rank asset classes based on attractiveness?13:16 - How to value a stock market?17:41 - Which other factors than valuation can you use to identify the most attractive equity markets.21:10 - How do you value the USD compared to other currencies?&nbsp;24:18 - Which equity markets are currently most attractive.28:29 - How to position in various equity markets.33:04 - How to consider our currency exposure in our investments.38:04 - Why the structural deficit in the US doesn't matter until it really matters?41:55 - What is China's game plan to make its currency more dominant?<li

IN THIS EPISODE, YOU'LL LEARN:00:06:59 - How to identify Rule Breaking companies.00:37:30 - Why optionality is a great indicator of a company's future success.00:42:50 - David’s 25 point system to identify risk.00:48:00 - What is Conscious Capitalism and why it should become a focus for your portfolio.And so much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:The Motley Fool's Website.Conscious Capitalism's Website.Trey Lockerbie's Twitter</stron

IN THIS EPISODE, YOU’LL LEARN:03:46 - How BTC Sessions first got introduced to Bitcoin.07:09 - Why a person should run a full node.07:09 - What does a full node enable?14:03 - Twitter's Bitcoin tipping integration.17:40 - What tools and applications exist on layer 2.32:49 - What's the best way to think about opening channels on layer 2?41:38 - What are the incentives for the regular person to use layer 2 Bitcoin?49:25 - What is the purpose of lightning pool?59:05 - What apps and hardware is BTC Sessions excited about?01:01:02 - What it means to be streaming sats.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESBTC Sessions' Twitter Account (le

On today’s show, Stig Brodersen has invited back David Stein. David is a former chief investment strategist for Fund Evaluation Group, a $70 billion investment advisory firm. In this episode, David will break down what is going on in China and whether we as investors should be concerned about a stock market collapse.IN THIS EPISODE, YOU’LL LEARN:(01:07) How are Chinese stocks valued historically?(05:37) How to think about stock market valuations in the US vs. China.(09:04) Why are some investors like Charlie Munger, bull on Chinese equities?.(13:36) Why are some investors bear on Chinese equities?(17:50) What is the true debt situation in China?(24:31) Can Evergrande lead to a stock market collapse?&nbsp;(28:03) What happens to investors’ ADRs if they get delisted in the US?&nbsp;(33:03 ) What is happening in the tech sector from an investing and regulatory perspective?&nbsp

On today’s episode, we talk about how to expose a bad company. Trey Lockerbie chats with the brilliant Edwin Dorsey, writer of the popular newsletter The Bear Cave, who takes us on a ride, exploring the dark side of the stock market. Edwin first gained massive attention after he successfully exposed Care.com for an unimaginable amount of negligence that ultimately led to the collapse of the stock.IN THIS EPISODE, YOU’LL LEARN:08:20 The free tools you need to identify suspicious companies.22:36 Edwin’s take on companies such as AgEagle and Root Insurance.And so much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Edwin Dorsey’s newsletter The Bear Cave.<

IN THIS EPISODE, YOU’LL LEARN:01:18 - Has the global economy ran out of steam?12:46 - What's the real story with inflation and what's causing it?24:31 - What is Luke's opinion on China's Evergrande?32:09 - The Debt Ceiling getting raised.52:36 - Bitcoin.55:44 - When does the debt go from depressive to manic?01:04:40 - Gary Gensler on Digital Assets.01:08:57 - Luke's favorite Macro investment thesis.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLuke's Books on Amazon.Luke's <a href="https://fftt-llc.com/index.php/about-luke-gromen"

For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquirers Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is the holy grail of investing.&nbsp;&nbsp;IN THIS EPISODE, YOU’LL LEARN:(00:01:16) What is the holy grail of investing?.(00:06:37) Can you be diversified if you are only invested in equities?.(00:08:56) Which strategies and asset classes should you follow to diversify your revenue streams.(00:14:04) How to think about inflation and holding cash in your portfolio.(00:18:39) Whether you should invest in a trend-following strategy.(00:32:33) Why managed future exposure show is significant in your portfolio.&nbsp;(00:39:22) Is the rise of passive investing good for the active investor?.(00:45:25) Is Robinhood good or bad for the investor?.(00:53:45) What is the best and wors

On today’s episode, Trey Lockerbie sits down with David Sherman. David is the founder, president, and portfolio manager of CrossingBridge Advisors, which currently has over $2.3B in AUM. Trey brought David on to do a masterclass on investing in high yield corporate debt. It’s such an interesting asset class that doesn’t get a lot of attention.&nbsp;IN THIS EPISODE, YOU’LL LEARN:(21:33) Short and low duration investing.&nbsp;(24:25) Responsible credit strategies.(37:02) How SPACs create an interesting asymmetric risk/reward profile.&nbsp;And a whole lot more.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Spac Informer's website.CrossingBridge's<s

IN THIS EPISODE, YOU’LL LEARN:08:12 - How Matt initially got into Bitcoin.17:21 - Why large social media companies threaten one's own sovereignty.18:51 - Matt's thoughts on Bitcoin's privacy versus other digital assets.33:53 - Matt's thoughts on the Bitcoin Lightning Networks privacy.42:15 - Matt's thoughts on lightning wallets and their overall utility.52:29 - His thoughts on mining and how the sector is progressing with potential supply chain impacts.01:00:07 - The biggest threats to Bitcoin's success.01:06:15 - Individuals who have influenced or shaped Matt.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMatt Odell's Twitter.Updating your wardrobe with&nbsp;<a h

In today’s episode, Trey Lockerbie chats with the CIO of Family Management Corporation, David Schawel. Family Management currently has close to $3B in AUM and David oversees the allocation across a wide forway of assets.IN THIS EPISODE, YOU'LL LEARN:(01:14) Starting out right as the GFC began&nbsp;(08:39) His stance on the banking sector in today’s environment&nbsp;(17:25) The most surprising metric of 2021 to date(38:56) And be sure to stick around towards the end where David offers a few stock selections that he’s bullish on.&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:David Schawel TwitterFam

Metaverse, Web3, Unbundling Reddit? If any of these phrases are foreign to you, you are really going to enjoy today's episode as Trey Lockerbie sits down with Greg Isenberg. Greg has had an impressive career in building and selling startups, such as Wall Street Survivor, 5by, and islands, the last of which was acquired by WeWork. Greg is also a growth advisor to TikTok as well as a venture partner at Indicator Ventures.&nbsp;This new era of community-based economics is growing at a rapid pace and it’s important for investors to take note and watch closely.IN THIS EPISODE, YOU'LL LEARN:(04:59) Tools for building financial literacy(14:56) How you can use community platforms like Reddit to create products and build businesses(21:25) What on earth is happening with Web1, Web2, and now Web3(33:16) What exactly is the Metaverse and how commerce look in the future&nbsp;*Disclaimer: Slight

IN THIS EPISODE, YOU’LL LEARN:01:52 - Mike's early days as an entrepreneur14:10 - How Mike got into Bitcoin23:07 - Mike's thoughts on digital asset data33:42 - How Mike values Mining companies50:52 - How does Wall Street view Bitcoin?55:30 - What is El Salvador big news or noise in the global macro picture?57:14 - What is the biggest mistake entrepreneurs make?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMike Alfred's TwitterProtect your online activity TODAY with the VPN rated #1 by CNET and Wired, and get an extra 3 months FREE on a one-year package with ExpressVPNFind peopl

In today’s episode, we have an extremely special guest who is a billionaire and investing legend, Howard Marks. Howard really needs no introduction, but if you have not read Howard's memos, you are missing a critical piece of your investing education. Howard has also written some of Trey's favorite books including The Most Important Thing and Mastering the Market Cycles, which they discuss in depth in this episode and much more.IN THIS EPISODE, YOU'LL LEARN(01:54) How much investors should really focus on macro (spoiler: very little)(11:53) How to balance risk without the temptation to time the market(22:32) Howard's thoughts on bitcoin, bonds, and interest rates(34:58) Evergreen wisdom around price and value(47:19) And be sure to stick around for the last question where Howard provides a portfolio he would leave to his grandchildren*Disclaimer: Slight timestamp discrepanci

On today’s episode, Trey Lockerbie sits down with bestselling author, Ben Mezrich to discuss his new book The Antisocial Network, which covers the sage of Gamestop, Robinhood, Reddit and Retail traders. It’s a tale of irony, humor, high stakes, billionaires, and Ben is the perfect guest to cover such an entertaining story.IN THIS EPISODE, YOU'LL LEARN(01:11) Ben’s framework for approaching a new book(18:43) The power of mindset(41:19) The ramifications of meme stocks for Wall Street and a whole lot more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Ben Mezrich’s new book <a href="https://www.amazon.com/Antisocial-Network-GameStop-Squeeze-Amateur/dp/B09CZF2Z1G/ref=sr_1_2?dchild=1&amp;keywords=the+antisocial+network&amp;qid=1629744796&amp;sr=8-2" rel="noopener noreferrer" target="

IN THIS EPISODE, YOU’LL LEARN:02:43 - What is causing the semiconductor issues?07:32 - The retreat of globalization15:50 - Why are we not seeing inflation in the other parts of the world?17:57 - What initially caught Lyn's interest with the supply chain issues?33:35 - The impacts on personal consumption spending39:56 - How does the infrastructure impact the markets moving forward?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESLyn Alden's article on Supply Chain ImpactsLyn Alden's premium newsletterKelly Evan's Chart about <a href="https://twitter.com/KellyCNBC/s

In today’s episode, Trey Lockerbie sits down with Arif Karim to talk about Netflix. Arif holds a degree in economics from MIT and is a&nbsp;Sr. Investment Analyst at Ensemble Capital. Netflix is another amazing example of a company with an incredible flywheel effect. A lot of people stated that Netflix would never be profitable, and yet, they became cashflow positive in 2020 and claim to be self-funding production from here.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(07:24) The moat around Netflix compared to HBO, Disney, Amazon, and others(09:57) The amazing strategy for customer acquisition behind the growth(53:00) Arif’s intrinsic value of Netflix and a whole lot more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Trey Lockerbie <a href="https://twitter.com/treylockerbie" rel="noopen

On today’s episode, Trey Lockerbie chats with Brian Feroldi. Brian has been covering the healthcare and technology industries for The Motley Fool since 2015 and has recently seen skyrocketing growth on Twitter with his very easy-to-digest investing and financial wellness content.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(01:15) How to approach financial wellness, before even thinking about investing(11:12) Brian’s fascinating investing checklist for buying(14:22) Brian’s 11 criteria for selling a stock&nbsp;And a whole lot more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Brian Feroldi WebsiteBrian Feroldi <a href="http://www.twitter.com/brianferoldi" rel="noopener n

IN THIS EPISODE, YOU’LL LEARN:Bill's experience reading the Bitcoin white paper weeks after it was releasedWhy Bill wanted to build a Bitcoin bank right from the startThe expectation for Bitcoin policy moving forwardThoughts on digital assets versus digital asset securitiesProof of Reserves for exchangesWould Bill consider loans that have no-rehypothecation as a product at Abra?BOOKS AND RESOURCESBill Barhydt's Twitter accountBill's Company, AbraJoin&nbsp;OurCrowd&nbsp;and get to invest in medical technology, breakthroughs in ag tech and food production, solutions in the mul

In today's episode, Stig Brodersen speaks to Tobias Carlisle about why Alibaba and US homebuilders are where you can find value in today’s market.&nbsp;&nbsp;IN THIS EPISODE, YOU'LL LEARN:(00:01:47) Why does Tobias Carlisle see value in PulteGroup and homebuilders&nbsp;(00:09:14) Understanding boom and bust cycle of PulteGroup(00:11:23) What is true inflation?&nbsp;(00:13:30) The impact of inflation has on how Stig invests&nbsp;(00:32:24) Why value ETFs are often focused on the US or international and not global(00:34:56) Why Stig is finding value in Alibaba&nbsp;(00:38:46) Which price did Charlie Munger, Mohnish Pabrai, and Guy Spier buy Alibaba at?(00:40:39) An overview of Alibaba's business model and business units(00:46:41) What is the impact of regulatory changes on Alibaba?&nbsp;(00:48:12) The rationale that the Chinese government had for the recent c

On today’s episode, Anthony Scaramucci discusses the future of the finance industry. Anthony is the founder of investment firm Skybridge Capital, which currently manages around $8 billion and was one the earliest in developing an institutional bitcoin fund. Some may know Anthony from his brief stint as White House Communications Director under Trump or his SALT conferences. He’s also the author of four books.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(11:41) The hedge fund industry and how it is evolving(20:00) How investors should position themselves, now that Anthony believes the traditional 60/40 stock/bond portfolio is dead(25:22) How the language in the latest infrastructure bill might impact bitcoin and how institutions are viewing the assetAnd much more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND R

IN THIS EPISODE, YOU’LL LEARN:01:29 - What is the Blockstream Modular Mining Unit (MMU)?11:29 - Why is Blockstream getting into the manufacturing of ASIC?21:41 - How has the Blockstream Mining Note (BMN) performed to date?17:23 - Blockstream Finance and getting into the mortgage space38:35 - Lightning adoption and wallet integration57:00 - Blockstream in El Salvador59:12 - The Gaming space and how it will continue to evolve01:08:43 - DeFi on Bitcoin via Stacks, Rootstock, or other methods*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESBlockstream's WebsiteJohn Pfeffer's article - <a href="https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets

On today’s episode, we have a very special guest and that is researcher and author, Jim Collins. Jim is most well known for his books, such as Good to Great, Built to Last, How the Mighty Fall, Great by Choice, Turning the Flywheel BE.20, which have sold over 10 million copies worldwide. Trey Lockerbie has been having a lot of conversations lately about the global macro environment, and while it can be an endlessly fascinating topic and a fun spectator sport, it’s important to never lose sight on the fact that as investors, we are investing in companies, and it’s important to study the different species of companies and what makes them great. There is no better expert on this topic than Jim.IN THIS EPISODE, YOU'LL LEARN:(00:09:14) The definition of greatness(00:35:28) What makes up a Level 5 leader(00:43:16) How much weight to put into innovation(00:51:32) What exactly is a flywheel effect?(01:16:29)

In today’s episode, we have a very special guest and that is billionaire Jeremy Grantham, the co-founder and long-term investment strategist at GMO, one of the world's most well-respected asset management firms.&nbsp;Jeremy is an investing legend and studied market historian, who successfully identified and sidestepped the major corrections such as the Japanese market in 1989, the tech bubble of 2000, and the global financial crisis of 2008, and even called the bottom in 2009.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(01:37) How Jeremy identifies market bubbles and how to prepare for a correction(34:04) How the FED talks a big game but doesn’t have a great track record of avoiding major market corrections(47:56) Green venture capital and the opportunities it presents and much much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

IN THIS EPISODE, YOU’LL LEARN:02:21 - Why the yuppie elite do not get Bitcoin11:21 - Unit Bias17:35 - The two types of models to understand the value of Bitcoin21:59 - Why the digital revolution has two parts29:18 - How does the Bitcoin value layer work with social media?33:26 - The speculative attack on fiat currency38:29 - Do financiers start pricing in future halving events?47:57 - Thoughts on Stock-to-Flow*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCroesus's Twitter AccountWhy the Yuppie Elite Dismiss Bitcoin ArticleAm I too

Investment expert Cullen Roche is back on the show to teach us a masterclass in inflation. You don’t want to miss out on this one!IN THIS EPISODE, YOU'LL LEARN:(01:06) What is inflation, and what is it not(06:26) How much of inflation is due to base effects(10:28) How can expected inflation drive inflation(14:56) If the current inflation is temporary(26:12) How is inflation reflected in the real estate prices(33:02) Why do we have regional differences in inflation(45:15) If investors can profit from the interest rate parity(52:38) If investors should take on debt in an inflationary environment(58:01) Whether value stocks are a good investment in times of inflation(01:06:34) Whether paper assets can be inflation-proofed?&nbsp;(01:13:00) How Cullen Roche has positioned himself*Disclaimer: Slight timestamp discrepancies may

In today’s episode, Trey Lockerbie sits down with Polina Pompliano. Polina is the founder and author of The Profile, which is a newsletter that profiles highly successful individuals in business, science, storytelling, sports, and more.&nbsp;Polina has a wealth of knowledge from her many experiences interviewing everyone from Melinda Gates to Jeff Jordan.IN THIS EPISODE, YOU'LL LEARN:(26:44) How exceptional people think(07:51) Five mental models that are the common denominators for success across nearly every discipline(41:18) How to run a Maker vs Manager schedule and a whole lot more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Polina Pompliano Twitter

IN THIS EPISODE, YOU’LL LEARN:01:52 - What is currently happening with the US infrastructure bill? How did digital assets become a part of it?03:49 - What is wrong with the current language in the bill with respect to digital assets?04:31 - How do elected officials view the digital asset portion of the bill?19:55 - What amendments are currently being proposed?25:02 - What is the likelihood that any of the amendments will be selected?37:02 - What other regulator bills are in the works for digital asset regulations?53:11 - Is it bullish or bearing for Bitcoin?57:07 - What does the Beyer Bill propose, and what impacts will it potentially have?01:01:52 - What impact do the treasury, SEC, and CFTC have on the regulatory framework for digital assets?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.<

In today’s episode, Trey Lockerbie speaks with TIP fan favorite, Ian Formigle. Ian is the Chief Investment Officer of Crowdstreet.IN THIS EPISODE, YOU'LL LEARN:(01:30) How CRE has performed since Covid(12:41) Demographic migration leading to growth in surprising places(47:15) The silver tsunami aka the baby boomer generation reaching the age of retirement and where opportunities may be present(56:13) How Crowdstreet weighs external challenges like climate change into their prospectus*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Ian Formigle TwitterTrey Lockerbie Tw

In today’s episode, Trey Lockerbie sits down with a TIP fan favorite, Luke Gromen.&nbsp;Trey takes the opportunity to dig into Luke’s worldview and take on the macro landscape we’ve been witnessing over the last few months.IN THIS EPISODE, YOU'LL LEARN:(02:03) What is incentivizing the Fed and policymakers to continue their QE efforts(39:55) Peak Cheap Oil and its effects on the burgeoning EV market and underlying commodities(50:07) How gold might be positioning itself as a new wealth reserve asset and much more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Luke Gromen TwitterTrey Lockerbie <a href="https://twitter.com/treylockerbie" rel="noopener noreferrer" target="

IN THIS EPISODE, YOU’LL LEARN:01:38 - How Jay Gould got his start as an entrepreneur17:15 - What Jay thinks is a replicable part of entrepreneurship19:25 - What tech ideas has Jay excited now30:00 - The legal battles Jay faced after starting one of the most popular websites in the world35:36 - Advanced negotiations against people like billionaire Mark Cuban.01:05:02 - Jay's Bitcoin story01:23:36 - Jay's thoughts on Elon Musk entering Bitcoin01:31:04 - Jay's concerns with the speed of Bitcoin's adoption01:37:26 - A discussion of the macroeconomy impacting Bitcoin's speed of adoption*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJay Gould's TwitterBring

Stig Brodersen speaks with Reeves Wiedeman and learns the unfiltered story of The Rise and Fall of WeWork and co-founder Adam Neumann.&nbsp;&nbsp;IN THIS EPISODE, YOU'LL LEARN:(04:12) How WeWork got started(19:53) How WeWork tried becoming a tech company with a 16-year-old Director of IT(27:29) How Softbank made a $4.4B investment in WeWork on a napkin(35:08) Whether or not CEO Adam Neumann was a true believer of a con artist&nbsp;(37:07) How WeWork went from a $96B valuation to single digits in a matter of weeks.&nbsp;&nbsp;(40:28) Why Adam Neumann was ousted from his own company&nbsp;&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Reeves Wiedeman’s book, Billion Dollar Loser – Read reviews of this book&nbsp;&nbsp;Take your business to the n

In today’s episode, Trey Lockerbie sits down with global macroeconomist and author, Richard Duncan. Richard gives a masterclass on global economics and how he believes credit growth is essential to economic growth.IN THIS EPISODE, YOU'LL LEARN:(01:16) Is capitalism a thing of the past?(36:56) How much can our government monetize our debt(50:13) Has inflation peaked along with credit?&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Trey Lockerbie TwitterPreston, Trey &amp; Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool

IN THIS EPISODE, YOU’LL LEARN:01:14 - Harry's Background in Finance and Bitcoin04:05 - Harry's thoughts on balance sheets becoming more important moving forward10:51 - How mining businesses in the US and abroad are purchasing hardware13:39 - Harry's thoughts on the great mining hardware migration out of China36:06 - Does hash rate drive price or does price drive hash rate?41:56 - Harry's thoughts on the ESG mining council42:29 - Geothermal mining50:53 - Harry's thoughts on regulator vulnerabilities and where the best locations to mine are51:29 - Thoughts on the Blockstream mining note58:26 - How to convince big stat grid operators to start mining Bitcoin01:03:04 - When a new high in hash rate might occur*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOUR

In today’s episode, Trey Lockerbie sits down with Michael Weisz, the founder and President of Yieldstreet, which is a platform that serves up offerings in alternative asset classes.IN THIS EPISODE, YOU'LL LEARN:(01:54) Why you should consider diversifying into alternative assets(22:20) How these investments have long been inaccessible for retail investors and how Yieldstreet has changed that(38:11) Deep dives into legal, aviation, commercial real estate, and much much more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Yieldstreet WebsiteYieldstreet <a href="https://apps.apple.com/us/developer/yieldstreet/id1437754462" rel="noopener noreferrer" target="_

In today’s episode, Trey Lockerbie sits down with Bing Gordon. Bing is a legend in the silicon valley world, having first been a co-founder of Electronic Arts (EA), then went on to be a director at Zynga, Audible, Zume, Duolingo, and others. For the last 18 years, he’s also sat on the board at Amazon. He’s now sitting on the other side of the table, as a partner at the prestigious VC firm, Kleiner Perkins Caufield &amp; Byers.IN THIS EPISODE, YOU'LL LEARN:(04:01) The gaming industry and how it’s evolved since his time at EA(19:21) What it’s been like to sit on the board of Amazon and how that opportunity materialized(49:52) What makes a great investment and how founders should be protected at all costs*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Trey Lockerbie <a href="https:/

IN THIS EPISODE, YOU’LL LEARN:03:58 - Dave and Greg's thoughts on the bond market resolving its potential mispricing12:27 - Thoughts on the current bull market in bonds despite high inflation15:34 - How Dave views markets moving forward in the next ten years42:01 - What are Dave's reservations about Bitcoin?43:55 - Dave's thoughts on large investors and entities entering Bitcoin57:56 - Thinking about Bitcoin as an expected value problem01:06:31 - Bitcoin's immediate clearance attributes and how it impacts financial rails01:07:30 - Dave's interest in Silver and Gold vs. Bitcoin01:12:19 - Bitcoin Soft forks vs. Hard forks1:30:16 - Marrying an investment*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESGreg <a href="https://twitter.com/FossG

In today’s episode, Trey Lockerbie sits down with Brad Stone, the Senior Executive Editor for Global Technology at Bloomberg. Brad is also a New York Times and Wall Street Journal bestselling author of titles such as The Everything Store, The Upstarts as well as his new book Amazon: Unbound.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(02:07) Why his first book on Amazon deserved a sequel&nbsp;(11:05) Amazon’s explosive growth in multiple industries, as well as failures like the Fire phone.(25:36) The leadership style of Bezos, good and bad*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Brad Stone books: <a href="https://www.amazon.com/Amazon-Unbound-Invention-Global-Empire/dp/B08V9DZZHG/ref=sr_1_1?dchild=1&amp;keywords=Amazon%3A+Unbound&amp;qid=1624652067&amp;s=audible&amp;sr=1-1" rel="n

In today’s episode, Trey Lockerbie welcomes back Ben Claremon and Eugene Robin from Cove Street Capital. They quickly touch on the performance of Lumen Technologies, a stock they pitched on our show back in December 2020, whose price subsequently has risen 50% in Q1. But for this episode, Claremon and Robin mainly discuss the Race to Space and their position in Viasat. If you only follow the headlines, you would think Elon Musk is on an unencumbered path to space domination, especially with his satellite business under SpaceX called Starlink.IN THIS EPISODE YOU'LL LEARN:(24:49) How Viasat might currently be wildly underappreciated by the market(06:15) How Starlink compares to Viasat in the future of satellite broadband(01:02:49) Their intrinsic value of Viasat and much much more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.<s

IN THIS EPISODE, YOU’LL LEARN:04:02 - Jack Mallers' recent El Salvador announcement and what it all means15:12 - Creating equity versus always being an employee27:08 - What is the user interface like in El Salvador for Strike users?32:53 - How is Jack going to bring near-zero exchange fees for buying Bitcoin to Strike?42:35 What impact do near-zero fees have on other exchanges that offer Altcoins?54:16 Which other countries contact Jack?01:01:30 - What does opening a Strike API mean for the company moving forward?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJack's&nbsp;Twitter accountDownload the <a href="https://strike.me/" rel="noopener noreferrer" target="_blank

In today’s episode, Trey Lockerbie sits down with Chief Investment Officer and New York Times bestselling author, Robert Hagstrom. Robert has written multiple books, especially on Warren Buffett including The Warren Buffett Way, The Warren Buffett Portfolio, Investing The Last Liberal Art, and his latest book Warren Buffett: Inside The Ultimate Money Mind.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(05:08) The evolution of Warren Buffett’s investing style(03:07) The meaning behind the phrase “Money Mind” that Buffett coined(15:53) What Robert learned from investing alongside Bill Miller and more*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Preston, Trey &amp; Stig’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" re

In today’s episode, Trey Lockerbie sits down with one of his favorite portfolio managers, Andrew Walker from Rangeley Capital. Trey took the opportunity to dig deeper on SPACs with Andrew, who is currently running a SPACs focused fund. This episode has been recorded in early June and a few weeks later, Pershing Square announced a 10% SPACquisition of Universal Music Group, which was not listed in the rumored roster of prospects, but makes the conversation even more interesting.IN THIS EPISODE, YOU'LL LEARN:(02:07) Billionaire Bill Ackman's comparison of the typical SPAC with the Pershing Square Tontine SPAC and why Andrew calls it a "unicorn" SPAC(22:43) Discovery Channel and Warner's recent merger(22:43) The collapse of Archegos*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRang

IN THIS EPISODE, YOU’LL LEARN:01:33 - Why Tuur's account became more private05:54 - What are the main changes in the Bitcoin space since 2017?06:14 - Tuur's thoughts on mining10:11 - The 28% difficulty adjustment and China38:41 - The Bitcoin reformation article01:00:09 - Ethereum vs. Bitcoin01:00:41 - PoS vs. PoW01:12:26 - Defi in general and on Bitcoin01:16:02 - Stable coins and tether01:17:44 - Thoughts on generating Alpha with Bitcoin*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESTuur's&nbsp;Twitter accountTuur's article, <a href="https://www.hope.com/content/dam/hope-assets/collateral/the-bitcoin-reformation.pdf" rel="noopener norefer

On today’s show, Stig Brodersen speaks with the CEO of AcreTrader Carter Malloy about Farmland investing. With rising inflation and Bill Gates being America’s top farmland owner with a $690 million investment, we want to understand the nuts and bolts of the $9 Trillion asset class.&nbsp;IN THIS EPISODE, YOU'LL LEARN:(01:45) Why Farmland investing is hedging your inflation exposure(14:52) What are the risks when investing in Farmland(34:35) Disruption in Farmland investing, including global warming(48:22) Farmland investing for international investors*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differencesBOOKS AND RESOURCES:Visit AcreTrader’s websiteOur interview with Masterworks about <a href="https://www.t

In today’s episode, Trey Lockerbie sits down with Ross Gerber, the CEO of Gerber Kawasaki -&nbsp;a financial advisory firm which currently manages over $1.9 billion. Ross helped pioneer the popularity of what we now know as Fintwit - essentially using Twitter and other social media platforms for financial content and discussion. He’s a regular on Bloomberg and CNBC as well as a contributor to Forbes.IN THIS EPISODE, YOU'LL LEARN:(01:37) The recent statements from FED chairman, Jerome Powell and what to expect in the markets(17:17) His massively successful trade on Tesla(34:00) How Nvidia sits in the middle of the Venn diagram between climate change and technology investment themes(37:14) Vice industries such as cannabis, gambling, and even psychedelics.&nbsp;(48:43) The retail trader movement and how GK has disrupted the traditional advisory industry(47:54) His background in music and how it

IN THIS EPISODE, YOU’LL LEARN:01:53 - Learn about Jason's first company that he sold for 300 million08:24 - Jason's thoughts about growing a business to a national level15:51 - Jason's thoughts on leadership32:28 - How Jason started his Bitcoin mining business40:40 - Jason's thoughts on Bitcoin mining and China41:50 - China's hash rate migration to other domains47:32 - Jason's thoughts on El Salvador01:05:09 - Jason's best advice to new Bitcoiners01:09:31 - How Jason got involved with Morgan Creek Capital*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJason's&nbsp;Twitter accountJason's <a href="https://www.amazon.com/gp/product/B08PKYQDGC/ref=dbs

For this week’s Mastermind discussion, Stig Brodersen has invited Tobias Carlisle from Acquirer's Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is how they can best help the TIP Community.IN THIS EPISODE, YOU'LL LEARN:(01:41) How to think about cycles in value investing(19:54) How to create your own free MBA(34:27) The tax advantages you get with ETF investing(43:52) Why Franklin Covey is vastly undervalued&nbsp;BOOKS AND RESOURCES:Millennial investing’s interview with Adam Mead&nbsp;Our interview with Morgan Housel about the <a href="https://www.theinvestorspodcast.com/episodes/psychology-