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We Study Billionaires - The Investor’s Podcast Network Cover
We Study Billionaires - The Investor’s Podcast Network Profile

We Study Billionaires - The Investor’s Podcast Network

English, Finance, 1 season, 902 episodes, 2 days, 4 hours, 37 minutes
About
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 95,000,000+ downloads.
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RWH046: A New Golden Age w/ Bob Robotti

In this episode, William Green chats with Bob Robotti, a great investor who’s crushed the S&P 500 over the last 40 years. Bob, the President & Chief Investment Officer of Robotti & Co, explains why he believes we’re in a “new golden age” for active, value-oriented investors (not index funds); why he expects persistently high inflation; why he’s betting heavily on the resurgence of Old Economy businesses; & how he’s positioned to profit from “the first truly global energy crisis.” IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 12:18 - How Bob Robotti lucked into the ideal job for an aspiring investor.  33:19 - How working for Mario Gabelli was like a one-on-one MBA. 40:22 - Why Bob thinks we’re in a new golden age for savvy stockpickers.  40:48 - Why he’s betting heavily on a “metamorphosis of the Old Economy.” 46:16 - How globalization is evolving as China loses its edge. 50:49 - Why energy-intensive US companies have a long-term advantage. 57:33 - Why owning the “Magnificent Seven” looks like a risky bet. 58:23 - What an era of persistently high inflation means for investors. 1:03:35 - How value investing has changed. 1:19:01 - How Bob is positioned for “the first truly global energy crisis.” 1:38:06 - How his life has been enriched by helping young people. 1:43:45 - What he learned from his wife and father about facing adversity. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bob Robotti’s investment firm, Robotti & Co. Bob Robotti’s writings. Check out MedShadow.org, a health-related site founded by Bob Robotti’s wife, Suzanne. William Green’s podcast with John Spears: Winning the Long Game | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/23/20242 hours, 2 minutes, 25 seconds
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TIP639: Buffett's Favorite Business Book w/ David Fagan

On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure.  Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 through 1997.  David Fagan serves as the managing partner at MBF Chartered Professional Accountants, a firm dedicated to supporting small and medium-sized owner-managed businesses across Canada. David was an early member of our TIP Mastermind Community, and he enjoys utilizing it to meet interesting people and learn more about stock investing. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:17 - Why the best businesses never quit taking risks. 18:37 - Why being inflexible is a recipe for failure. 20:53 - Why perception is everything and we shouldn’t assume infallibility. 24:24 - What makes trust the foundation of any successful business. 35:19 - How business leaders can balance outside expertise with their own intuition. 39:38 - How we can utilize optimism to win in business. 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, Kyle, and the other community members. Don Keough’s book: The Ten Commandments of Business Failure. Related Episode: Same as Ever w/ Morgan Housel | YouTube Video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/21/20241 hour, 6 minutes, 46 seconds
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BTC187: Home Heating and Bitcoin Mining w/ Alex Busarov (Bitcoin Podcast)

Join us as Alex Busarov, founder of Heatbit, discusses combining Bitcoin mining with home heating and air purification. Learn about the challenges, the innovative "heating-by-computing" principle, and the future of decentralized mining. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:21 - The journey of creating the world's first Bitcoin-mining heater. 02:00 - The challenges faced in developing Heatbit One and Heatbit Trio. 05:03 - How the "heating-by-computing" principle works. 08:58 -The environmental impact of traditional Bitcoin mining. 09:27 - How Heatbit addresses these environmental issues. 25:19 - The future of decentralized Bitcoin mining. 29:40 - The vision for placing a Bitcoin-mining device in every home. 34:06 - Insights into the intersection of Bitcoin mining, home heating, and air purification. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out Heatbit’s website. Heatbit's X (Twitter) account. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/19/202453 minutes, 51 seconds
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TIP638: Gold w/ Lyn Alden

In this episode, Stig Brodersen talks with investment expert Lyn Alden about why gold has recently hit an all-time high. They discuss the optimal market conditions for gold investments and gold in portfolio management.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:20 - Why the gold price is at an all-time high 02:41 - Who are the buyers of gold, and what is the role of central banks 15:27 - Why emerging economies have more gold on their balance sheet than developed economies 18:53 - Whether it makes sense for Argentina to print money to buy gold and then dollarize their economy 21:23 - Who would benefit from having a gold standard 28:06 - The allocation to gold in your portfolio and why does gold do well in market conditions when stocks and bonds do not 32:08 - What is paper gold, and how is it different than physical gold?  45:10 - What is the cost of gold, and what is the discount you will get from buying higher quantities 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, Kyle, and the other community members. Lyn Alden’s book, Broken Money – Read reviews here. Our interview with Lyn Alden about Currencies and Debt | YouTube Video. Our interview with Lyn Alden about her book, Broken Money | YouTube Video. Our interview with Lyn Alden about How the Fed Went Broke | YouTube Video. Our interview with Lyn Alden about Macro and the Energy Market | YouTube Video. Our interview with Lyn Alden about Money | YouTube Video. Our interview with Lyn Alden about Gold and Commodities | YouTube Video. Lyn Alden's free website. The website of the World Gold Council. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Range Rover Meyka iFlex Stretch Studios Vacasa Public Simon & Schuster USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/16/20241 hour, 2 minutes, 56 seconds
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TIP637: Jeff Bezos Letters w/ Clay Finck

On today’s episode, Clay reviews Jeff Bezos’ shareholder letters and shares his biggest takeaways. Jeff Bezos is an exceptional capital allocator who has delivered unprecedented returns to shareholders. Since Amazon’s IPO, the stock is up 152,400%. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:58 - How Jeff Bezos thought about building Amazon.com in the early days. 04:51 - Why Bezos believed that focusing on the customer is in the best interest of shareholders. 15:55 - Why Amazon’s business model was more capital efficient than physical retail stores. 23:26 - Why Bezos is more terrified of his customers than his competition. 25:17 - Why Bezos largely ignored Amazon’s volatile stock price movements. 36:55 - Why Bezos encouraged an ownership mindset. 57:12 - The three business units that created the majority of shareholder value for Amazon shareholders. 59:30 - Our favorite framework from Jeff Bezos. And so much more! 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, Kyle, and the other community members. Related Episode: TIP506: How Jeff Bezos Built Amazon | YouTube video. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Range Rover Meyka iFlex Stretch Studios Vacasa Public Simon & Schuster USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/14/20241 hour, 2 minutes, 18 seconds
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BTC186: Fiat Food & Bitcoin w/ Matthew Lysiak (Bitcoin Podcast)

In this episode of the Bitcoin Fundamentals Podcast, investigative journalist Matthew Lysiak discusses his latest book on fiat food policies, influential figures like Ancel Keys, corporate interests, and the impact of inflation on health. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:22 - The history and impact of fiat food policies. 10:11 - The role of influential figures like Ancel Keys and John Harvey Kellogg. 25:11 - Insights into nutrient density and its importance. 26:21 - How to accurately measure the CPI bucket considering nutrient dense food prices. 29:02 - How corporate interests have shaped national food policies since 1884. 40:30 - The monetary and nutrition shifts of the 1970s. 52:03 - The real cost of inflation on financial, physical, and mental health. 56:21 - How Bitcoin can change the current food and health landscape. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Matthew’s Book: Fiat Food. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Range Rover Meyka iFlex Stretch Studios Vacasa Public Simon & Schuster USPS American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/12/202457 minutes, 16 seconds
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TIP636: Billionaire Investing Legend Li Lu w/ Clay Finck

On today’s episode, Clay dives into the investment approach of billionaire value investor Li Lu. Li Lu is the Founder and Chairman of Himalaya Capital, a value investing firm where he has been managing its principal fund since 1997. Before his passing in 2023, Charlie Munger was an investor in the fund. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:27 - The back story of Li Lu’s early life. 06:46 - Li Lu’s investment philosophy. 08:28 - The four key investment principles he adheres to. 29:36 - Li Lu’s view on investing in China. 44:52 - An overview of Alphabet, one of Li Lu’s top holdings. 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, Kyle, and the other community members. Li Lu’s book: Moving the Mountain. Check out: FT Magazine Article. Check out: Li Lu’s 2006 talk at Columbia. Related Episode: RWH008: Playing to Win w/ Mohnish Pabrai | YouTube video. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life Range Rover AFR The Bitcoin Way Meyka CI Financial Industrious Fidelity Long Angle Briggs & Riley AFR Fundrise iFlex Stretch Studios Public NDTCO American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/9/202453 minutes, 16 seconds
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BTC185: AI Compute with Bitcoin Mining w/ Andrew Edstrom and Jesse Myers (Bitcoin Podcast)

In this episode of the Bitcoin Fundamentals Podcast, Andy Edstrom and Jesse Myers discuss the recent shift in political attitudes towards Bitcoin, highlighting how being “anti-Bitcoin” has become an election-losing stance. They explore the merging of AI training and Bitcoin mining facilities, examining the potential synergies and future implications for the Bitcoin ecosystem. Join us for an insightful discussion on these pivotal developments. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 12:12 - How major political parties are shifting their stance on Bitcoin. 12:12 - Insights into the current political climate and its effect on Bitcoin. 17:45 - The implications of being “anti-Bitcoin” as an election-losing proposition. 36:38 - The merging of AI training and Bitcoin mining facilities. 39:30 - Potential synergies between AI and Bitcoin mining. 39:30 - The future impact of AI integration on Bitcoin mining efficiency. 39:30 - The potential economic and technological benefits of combining AI and Bitcoin. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jesse Myer's Twitter. Andy Edstrom's Twitter. Onramp Twitter. Onramp's Website. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life Range Rover AFR The Bitcoin Way Meyka CI Financial Industrious Fidelity Long Angle Briggs & Riley AFR Fundrise iFlex Stretch Studios Public NDTCO American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/5/20241 hour, 20 minutes, 56 seconds
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TIP635: Deep Diving Into The Warren Buffett Way w/ Robert Hagstrom

Kyle Grieve chats with Robert Hagstrom about reflections from Warren Buffett’s early investing mistakes, why GEICO’s insurance float has been setup so perfectly for use by Warren Buffett, why low turnover portfolio’s outperform other options, why looking at stocks as abstractions is such a powerful mental model, how Warren Buffett has made thinking long-term into his own competitive advantage, a detailed history on modern portfolio theory, and why it’s so pervasive today, why investors should focus on certainties in their investing strategy, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:30 - Details on Warren's mistakes on Berkshire Hathaway (textile mill) and subsequent mistakes with the Dexter Shoe acquisition. 08:44 - Why low turnover portfolios tend to outperform. 16:20 - Why you can outperform the market over the long term while underperforming the market 50% of the time. 18:29 - The importance of thinking of stocks as abstractions. 27:55 - How Warren Buffett has evolved his investing methods while staying true to his deeply held principles. 43:07 - Benjamin Graham's two most influential concepts Warren still abides by today. 43:07 - The history of modern portfolio theory and why it's so pervasive today. 54:28 - The single most important characteristic that has produced so much of Warren Buffett's success. 59:36 - The characteristics required to outperform the market. 01:08:09 - Why we should spend our investing time thinking about business rather than macroeconomics. And so much more! 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, Kyle, and the other community members. Buy The Warren Buffett Way here. Read more of Robert Hagstrom’s articles here. Related Episode: TIP360: Inside The Money Mind Of Warren Buffett w/ Robert Hagstrom | YouTube video. Related Episode: MI307: Unpacking The Money Mind w/ Robert Hagstrom | YouTube video. Related Episode: MI222: How To Invest Like Warren Buffett w/ Robert Hagstrom | YouTube video. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life AFR The Bitcoin Way AT&T Sound Advisory Industrious Range Rover iFlex Stretch Studios Meyka Yahoo! Finance Vacasa Briggs & Riley Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
6/2/20241 hour, 14 minutes, 50 seconds
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TIP634: Value Investing Fundamentals w/ John Huber

On today’s episode, Clay is joined by John Huber to discuss value investing fundamentals and the current market conditions. John Huber is the Managing Partner of Saber Capital Management, LLC. Saber manages separate accounts as well as a partnership modeled after the original Buffett Partnership fee structure. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:44 - What John would include in his own personal MBA program 07:50 - What base hit investing is. 09:01 - The three sources of returns for a stock. 14:40 - Why Costco’s stock may be in a bubble. 20:39 - The three types of companies that John looks to invest in. 32:21 - John’s view on today’s current market and where he is finding opportunities. 42:57 - How John manages highly concentrated positions in his fund. 47:09 - Why investing has a long feedback loop in assessing decisions. 54:16 - John’s process for writing out his investment thesis. 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, Kyle, and the other community members. Check out Saber Capital Management. John Huber’s blog: Base Hit Investing. Check out Journalytic. Related Episode: MI165: Is FAANG the New Value w/ John Huber | YouTube Video. Follow John on Twitter.  Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life AFR The Bitcoin Way AT&T Sound Advisory Industrious Range Rover iFlex Stretch Studios Meyka Yahoo! Finance Vacasa Briggs & Riley Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/31/20241 hour, 2 minutes, 1 second
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BTC184: Q2 Macro w/ Luke Gromen (Bitcoin Podcast)

In this episode of the Bitcoin Fundamentals Podcast, Luke Gromen discusses the macroeconomic outlook for the upcoming year. We cover the Fed/Treasury cap on USD, UST yields, potential changes in housing inflation metrics, and the significant backlog in transmission interconnections. Additionally, Luke explores the implications of a $1.8 trillion housing stimulus, key commodities like copper and uranium, the Japan treasury market, and how these factors could impact Bitcoin. IN THIS EPISODE YOU’LL LEARN: The current Fed/Treasury cap on USD and UST yields. Potential changes in how housing inflation is measured. The implications of a $1.8 trillion housing stimulus. The backlog in transmission interconnections and its impact. Key trends in commodities like copper and uranium. Insights into the Japan treasury market. The effects of stablecoins on the dollar’s utility. How these macroeconomic factors could impact Bitcoin. BOOKS AND RESOURCES Luke Gromen’s FFTT Newsletter. Luke Gromen's Twitter. Luke Gromen’s Books on Amazon. Related episode: Listen to BTC172: Macro Outlook Q1 2024 w/ Luke Gromen, watch the video. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life AFR The Bitcoin Way AT&T Sound Advisory Industrious Range Rover iFlex Stretch Studios Meyka Yahoo! Finance Vacasa Briggs & Riley Public American Express USPS Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/29/202459 minutes, 31 seconds
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RWH045: Real Success w/ Christopher Tsai

In this episode, William Green chats with Christopher Tsai, President & Chief Investment Officer of Tsai Capital. Christopher, who’s beaten the S&P 500 over the last 24 years, explains why Tesla is his biggest position; why investors routinely underestimate the impact of disruptive technologies; why it was so challenging to be the son of America’s first celebrity fund manager; what 3 habits help him most; & what he learned from his famed mentors, Peter Kaufman & Charlie Munger. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:15 - How Christopher Tsai’s family survived war & oppression in China. 18:02 - How his father became America’s first celebrity fund manager. 21:38 - What lessons Christopher drew from his father’s successes & failures.  39:51 - Why Tesla is Christopher’s biggest investment. 46:32 - Why we tend to underestimate the impact of disruptive technologies. 57:31 - Why the costliest mistake is to sell great compounders too early. 1:07:08 - What tailwinds he’s riding with Microsoft, Visa, & Mastercard. 1:14:21 - How his views on diversification have changed. 1:16:36 - What 3 habits help him to be focused, peaceful, & productive. 1:43:01 - How he became a money manager at 16. 1:57:07 - What Peter Kaufman taught him about the 7 steps to success. 2:06:48 - Why Christopher won’t invest in China. 2:10:41 - What Charlie Munger taught him. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Christopher Tsai’s investment firm, Tsai Capital. Christopher Tsai’s white paper on Investing in an Age of Disruption. Christopher Tsai’s white paper on The Power & Challenges of Compounding. Marcel Proust’s In Search of Lost Time. Adam Seesel’s Where the Money Is. Maxwell King’s The Good Neighbor. William Green’s podcast episode with Peter Keefe | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Sun Life AT&T Industrious Meyka Range Rover Yahoo! Finance Fundrise iFlex Stretch Studios Briggs & Riley Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/26/20242 hours, 23 minutes, 50 seconds
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TIP633 : What I Learned from Chris Mayer w/ Clay Finck

On today’s episode, Clay shares the most important lessons he’s learned from Chris Mayer. Chris Mayer is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:02 - The potential dangers of cloning. 09:40 - What Clay learned from reading 100 Baggers by Chris Mayer. 26:39 - Common characteristics of 100 Baggers. 32:03 - Lessons from Chris’s lesser-known book — How Do You Know? 49:39 - Chris’s secret to success in long-term compounding. 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, Kyle, and the other community members. Chris’s books: 100 Baggers & How Do You Know. Thomas Phelp’s book: 100 to 1 in the Stock Market. William Thorndike’s book: The Outsiders. Related Episode: TIP543: 100 Baggers: Stocks that Increase 100:1 w/ Chris Mayer | YouTube Video. Related Episode: TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer | YouTube Video. Related Episode: TIP608: Long-Term Compounding w/ Chris Mayer | YouTube Video. Related Episode: MI310: A Serial Acquirer's Deep Dive w/ Chris Mayer | YouTube Video. Check out Mohnish’s Q&A with YPO. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Sun Life AT&T Industrious Meyka Range Rover Yahoo! Finance Fundrise iFlex Stretch Studios Briggs & Riley Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/24/202459 minutes, 3 seconds
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BTC183: Bitcoin Investing Opportunities in Africa w/ Abubakar Nur Khalil

Join us on this episode of Bitcoin Fundamentals as we talk with Abubakar Nur Khalil, a distinguished Bitcoin Core Contributor and founder of Recursive Capital. We explore Bitcoin's progress across Africa, discussing regulation, P2P dynamics, and significant developments in Nigeria. We also cover Abubakar's role at Btrust alongside Jack Dorsey and Jay Z, Recursive Capital's mission, and future Bitcoin advancements. IN THIS EPISODE YOU’LL LEARN: The current state of Bitcoin development in Africa. Insights into Bitcoin regulation and P2P dynamics in Nigeria. Abubakar Nur Khalil's journey as a self-taught programmer and Bitcoin Core Contributor. The role and achievements of Btrust in the Bitcoin ecosystem. The mission and strategy behind Recursive Capital. Key Bitcoin investments and developments in Africa. Challenges faced by Bitcoin initiatives in the region. What Abubakar is optimistic about for Bitcoin in 2024 and beyond. BOOKS AND RESOURCES Abubakar's Twitter. Recursive Capital's Twitter. Recursive Capital’s Contact Information for investment. B-Trust's Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Sun Life AT&T Industrious Meyka Range Rover Yahoo! Finance Fundrise iFlex Stretch Studios Briggs & Riley Public USPS American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/22/202454 minutes, 3 seconds
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TIP632: Mastermind Q2, 2024 w/ Tobias Carlisle and Hari Ramachandra

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 has put Burberry on this watchlist. Hari’s pick, ICICI Bank Limited, is a solid bet on the rise of India, and Tobias pitches Playtika, a value stock trading at an appealing valuation.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:57 - What are the current economic conditions?  13:37 - Are we entering a world with less disruption? 17:30 - What Stig’s bull case is for Burberry (Ticker: BURBY). 35:18 - The bear case for Burberry, including the current deterioration in the luxury sector. 42:35 - Why Toby has invested in Playtika (Ticker: PLTK). 52:23 - The bear case for Playtika, including the lack of moat and switching costs. 56:01 - Why Hari is bullish on ICICI Bank Limited (Ticker: ICICIBANK). 1:12:47 - The bear case of ICICI Bank Limited, including whether the valuation is stretched.  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, Kyle, and the other community members. Tune in to the Mastermind Discussion Q1 2024 – TIP610 | YouTube video. Listen to Mastermind Discussion Q4 2023 – TIP586 | YouTube video. Tune in to the Mastermind Discussion Q3 2023 – TIP576 | YouTube video. Listen to Mastermind Discussion Q2 2023 – TIP557 | YouTube video. Tune in to Mastermind Discussion Q1 2023 – TIP528 | YouTube video. Tune in to Mastermind Discussion Q4 2022 – TIP496 | YouTube video. Listen to Mastermind Discussion Q3 2022 – TIP475  | YouTube video. Tune in to Mastermind Discussion Q2 2022 – TIP450 | YouTube video.   Listen to Mastermind Discussion Q1 2022 – TIP418 | YouTube video. Stig Brodersen’s portfolio and return.  Understanding IFRS16 on operating leases. Tobias Carlisle's podcast, The Acquirers Podcast. Tobias Carlisle's ETF, ZIG. Tobias Carlisle's ETF, Deep. Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book. Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com. Tweet directly to Tobias Carlisle. Hari's Blog: BitsBusiness.com. Tweet directly to Hari. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Vacasa Industrious Meyka AT&T Range Rover Fundrise CI Financial Yahoo! Finance Briggs & Riley iFlex Stretch Studios Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/19/20241 hour, 20 minutes, 18 seconds
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TIP631: The Bullish Energy Cycle w/ Arvind Sanger

On today’s episode, Clay is joined by Arvind Sanger to discuss investment opportunities in the energy, metals, and mining space. Arvind Sanger is the founder and managing partner of Geosphere Capital Management, a global long-short equity hedge fund focused on natural resources and industrial companies worldwide.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:21 - How the energy space has developed over the past 30 years. 05:35 - Why energy is inherently cyclical. 11:21 - Arvind’s view on a sensible energy transition. 21:49 - China and India’s role in today’s energy markets. 25:51 - How Arvind views this energy cycle playing out. 28:19 - How AI will impact energy demand. 32:49 - The primary metals needed in the transition to sustainable energy. 42:20 - Why Arvind is still bullish on uranium. 55:55 - Potential breakthrough technologies to come in the future. 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, Kyle, and the other community members. Check out Geosphere Capital. Related Episode: TIP572: Finding Value in the Oil Market w/ Josh Young | YouTube Video. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Vacasa Industrious Meyka AT&T Range Rover Fundrise CI Financial Yahoo! Finance Briggs & Riley iFlex Stretch Studios Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/17/202454 minutes, 43 seconds
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BTC182: Bitcoin Mastermind 2Q 2024 (Bitcoin Podcast)

Join us for an insightful discussion with Joe Carlasare, American HODL, and Jeff Ross as we delve into the latest in the Bitcoin world. We start with why the ETH ETF isn’t happening anytime soon, Roger Ver's $50M tax dilemma, and analyze the current market setup heading into summer. We also explore the implications of Bitcoin's recent halving, Japan's FX intervention, and the White House's veto threat on SAB121. Don't miss this comprehensive update on key Bitcoin events and trends. IN THIS EPISODE YOU’LL LEARN: The latest updates on the ETH ETF news and its potential impact on the market. Insights into Roger Ver's $50M tax issue and its implications. An analysis of the current Bitcoin market setup as we head into summer. The effects of the recent Bitcoin halving and its influence on supply and demand. Details on Japan's FX intervention and the role of US treasuries in its foreign reserves. How US ETFs are interacting with Bitcoin, including significant figures. The White House's position on SAB121 and its potential consequences for the crypto space. Expert opinions from Joe Carlasare, American HODL, and Jeff Ross on these pressing topics. BOOKS AND RESOURCES Joe Carlasare's law practice. Jeff Ross's investment firm. American HODL's Twitter. Joe Carlasare's Twitter. Jeff Ross's Twitter. Related episode: Listen to BTC159: Binance, GBTC, FinCEN and More w/ Joe Carlasare & HODL, or watch the video. Related episode: Listen to BTC154: Bitcoin and Macro Mastermind Q4 2023, or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Vacasa Industrious Meyka AT&T Range Rover Fundrise CI Financial Yahoo! Finance Briggs & Riley iFlex Stretch Studios Public American Express USPS Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/15/20241 hour, 9 minutes, 40 seconds
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TIP630: The Wealthy Gardener w/ Kyle Grieve

On today’s episode, Kyle Grieve discusses the book The Wealthy Gardener. He covers a variety of wealth topics like how to optimize your time to generate wealth, why it’s so important to avoid wage slavery, why you should embrace challenges to live a more fulfilling life, why we must make sacrifices in life whether we pursue wealth or not, why patience is vital to the wealth building process, practical lessons on setting financial goals, why you must avoid the dangers of debt, and much, much more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:31 - Simple tips to help how you think about where you spend your time 10:44 - The importance of sacrifice in order to obtain an extraordinary life 12:00 - What wage slavery is, and why you should avoid it at all costs 13:10 - How you can generate wealth regardless of it you are a high or low income earner 18:55 - How we can reframe the art of saving as "purchasing freedom at a later date" 22:17 - The importance of passion when pursuing your career choices 27:28 - The price you must pay for financial success 31:17 - A breakdown of the three seasons of wealth 40:57 - The power of pushing past self-perceived limitations 52:08 - Why you should avoid the parasite of wealth: debt 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, Kyle, and the other community members. Buy The Wealthy Gardener: Lessons on Prosperity Between Father and Son here. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Range Rover CI Financial Meyka AT&T Simon & Schuster NDTCO iFlex Stretch Studios Fundrise Yahoo! Finance Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/12/202457 minutes, 59 seconds
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TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024 w/ Clay Finck and Kyle Grieve

On today’s episode, Clay and Kyle give a recap of the 2024 Berkshire Hathaway shareholder meeting and share their favorite clips from the Q&A session with Warren Buffett.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:14 - What Clay and Kyle did during the Berkshire weekend in Omaha. 12:57 - Clay and Kyle’s takeaways from the tribute to Charlie Munger at the Berkshire event. 21:43 - What Buffett would do with Munger if he had one more day with him. 38:29 - How Berkshire’s managers communicate with Warren, Greg, and Ajit. 51:52 - Who the primary capital allocator will be post-Buffett. 63:13 - How Buffett would invest if he were managing a smaller amount of capital. 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, Kyle, and the other community members. Books Mentioned: The Psychology of Money. Related Episode: TIP628: The Inner Scorecard w/ Mohnish Pabrai | YouTube Video. Related Episode: TIP552: Berkshire Hathaway Annual Shareholder's Meeting 2023 | YouTube Video. Follow Kyle on Twitter. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Range Rover CI Financial Meyka AT&T Simon & Schuster NDTCO iFlex Stretch Studios Fundrise Yahoo! Finance Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/10/20241 hour, 22 minutes, 47 seconds
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BTC181: The US's Economic Hitman w/ John Perkins

John Perkins delves into his past as an economic hitman, explaining the mechanisms and impacts of his actions on global economies. He critiques the fiat system and its role in geopolitical strategies and debt creation. Perkins also explores the potential of Bitcoin and decentralized technologies to challenge established economic controls. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:37 - The role and responsibilities of an economic hitman. 23:01 - How the fiat monetary system facilitates economic manipulation and control. 27:44 - Specific tactics used to influence foreign policies and economies. 37:03 - The significant long-term impacts of these economic interventions on target countries. 41:47 - A simple explanation of the petro-dollar system and its global implications. 51:51 - The potential of Bitcoin and other decentralized technologies to disrupt traditional economic systems. 53:48 - Perkins’ personal journey and motivations for leaving his role and advocating for systemic change. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES John Perkin's Website. John’s newest book, Confessions of an Economic Hitman, 3rd Edition. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Range Rover CI Financial Meyka AT&T Simon & Schuster NDTCO iFlex Stretch Studios Fundrise Yahoo! Finance Public USPS American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/8/202452 minutes, 39 seconds
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TIP628: The Inner Scorecard w/ Mohnish Pabrai

On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $12.51 vs. $4.72 for the S&P500. In the interview, Mohnish Pabrai discusses his approach to a congruent life.  Disclaimer: Stig Brodersen is invested in Pabrai Funds.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 10:14 - Which decisions Mohnish Pabrai made to improve his happiness. 15:06 - How to use the Buffett system to grade people. 26:02 - Why Mohnish likes to play bridge more than poker. 31:06 - Which principles Mohnish lives by. 38:58 - How Buffett and Mohnish (do not) take notes. 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, Kyle, and the other community members. Mohnish Pabrai’s website. Learn more about Mohnish Pabrai’s Dakshana Foundation. Our interviews with Mohnish Pabrai about Masterclass Investing | YouTube Video. Our interviews with Mohnish Pabrai about investing in stocks | YouTube Video. Our interviews with Mohnish Pabrai about value investing and philanthropy | YouTube Video. Our interviews with Mohnish Pabrai about value investing | YouTube Video. Our interviews with Mohnish Pabrai about value investing in 2021 | YouTube Video. Our interview with William Green about Mohnish Pabrai and much more | YouTube Video. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/5/20241 hour, 8 minutes, 30 seconds
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TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q2 2024. This quarter, they discuss Lululemon. Lululemon is well-known in the world of quality investors, and the share price has recently declined by over 30%. Tune into today’s episode to hear Clay and Kyle’s thoughts on Lululemon’s business and what the prospective returns might look like going forward. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 09:09 - The competitive advantages of Lululemon. 21:53 - How Lululemon’s margins compare to their competitors. 33:24 - What will drive Lululemon’s future growth. 37:46 - How large Lululemon’s total addressable market is. 44:13 - Our assessment of the management team and balance sheet. 60:24 - Our thoughts on the valuation. 67:29 - Lululemon’s most important key performance indicators.  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, Kyle, and the other community members. Books mentioned: The Story of Lululemon, 7 Powers Related Episode TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video. Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve | YouTube Video. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/3/20241 hour, 17 minutes, 45 seconds
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BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast)

Dive deep into Bitcoin's evolution with expert Max Hillebrand. We unravel Mises' action axiom, Hoppe's private property origins, and Rothbard's economic theories. Discover Wasabi Wallet's role in privacy, the potential of Ocean mining, and strategies for Bitcoiners to enhance anonymity. Max also shares his take on Bitcoin's path to ossification and how institutions can shield assets against regulatory overreach. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:54 - The principles of Ludwig von Mises' economic dualism and the axiom of action. 06:23 - Hermann Hoppe's theory on private property as a natural emergence. 10:11 - The significance of Murray Rothbard's "Man, Economy, and State, with Power and Markets." 12:59 - An inside look at Bisq and the passion driving decentralized finance platforms. 27:29 - The role of covenants in Bitcoin and their potential to enhance transaction privacy. 34:26 - Innovations in Bitcoin mining pools and the impact of Ocean Bitcoin mining. 38:59 - Strategies beyond CoinJoin for improving privacy for Bitcoin transactions. 01:00:46 - How institutions can use Bitcoin technology to protect their financial sovereignty and self-custody assets. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Max Hillebrand on X (Twitter). Max's website with links to his projects. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
5/1/20241 hour, 16 seconds
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RWH044: How To Beat The Market w/ Bryan Lawrence

In this episode, William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs an investment firm called Oakcliff Capital. Bryan almost never gives interviews, so this is a rare opportunity to hear him speak in depth about the advantages of a concentrated value strategy, how he finds new investments, what 6 questions he asks when analyzing any stock, what he’s learned from Buffett & Munger, & how to build a happy life. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:42 - What Bryan Lawrence learned from his hugely successful father. 16:30 - What Charlie Munger taught Bryan.  33:07 - How Shelby Cullom Davis turned $200,000 into $800 million. 39:14 - How Bryan has consciously built an investing edge. 43:25 - What he learned from meeting Warren Buffett. 47:15 - Why Bryan looks for three specific characteristics in any business. 59:18 - How to beat the market by making infrequent bets.  1:08:19 - Why he’s obsessed with identifying where he’s wrong. 1:10:17 - How he searches for new investment ideas. 1:14:32 - How he structures his day. 1:44:20 - How to think rationally about fossil fuels & climate change. 1:49:1 - How to build a happy life & great relationships. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bryan Lawrence’s investment firm, Oakcliff Capital. Check out Poor Charlie’s Almanack. Dean Ornish & Anne Ornish's book Undo It. Robert Cialdini's book Influence. Alain de Boton's book The Consolations of Philosophy. Douglas Stone, Bruce Patton, & Sheila Heen's book Difficult Conversations. John Rothchild's book The Davis Dynasty. Vaclav Smil's book How the World Really Works. David Mackay's book Sustainable Energy Without the Hot Air. Gillian Zoe Segal's book Getting There. William Green’s podcast interview with Chris Davis | YouTube Video William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/28/20242 hours, 9 minutes, 51 seconds
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TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon

On today’s episode, Clay is joined by François Rochon to discuss how he’s managed to vastly outperform the market over the past 30 years. Since he started the Rochon Global Portfolio in 1993, his annual returns net of fees have been 13.6%, versus 9.2% for the benchmark. François’s investment approach is firmly rooted in three principles — patience, humility, and rationality — which are discussed in depth during this conversation. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:17 - What led François to hiring Jean-Philippe Bouchard. 06:19 - The foundational investment principles of Giverny’s approach. 10:23 - How François realized so early in his career that you can’t predict the stock market. 19:53 - The tribal gene that sets 5% of investors apart from the rest. 29:29 - How we can be prepared for declines in the stock market. 35:37 - Why his biggest investment mistakes are mistakes of omission. 40:54 - How François views Berkshire Hathaway’s role in his portfolio. 45:27 - How François assesses the strength of a brand. 56:02 - His view on the valuation of today’s market. 68:15 - Why François is so passionate about investing. 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, Kyle, and the other community members. Giverny Capital’s Letters. Learn more about the Giverny Capital. Books Mentioned: How to be Rich, Money Masters of our Time, The Craft of Investing. Related Episode: RWH016: The Best of the Best w/ François Rochon | YouTube Video. Follow François on LinkedIn.  Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/26/20241 hour, 10 minutes, 55 seconds
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BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast)

Join us as Peter McCormack shares insights on blending Bitcoin with football business. We delve into his club's dual promotions, strategic investor impacts from the Winklevoss twins, and the broader influence on Bedford, including a new Universal Studios park. Learn how Bitcoin plays a role in these developments and discover actionable strategies for integrating innovative concepts into local enterprises. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:20 - The strategic role of Bitcoin in advancing the success of a local football club. 08:11 - The impact of high-profile investors like the Winklevoss twins on the club. 08:11 - Highlights from the "Cheat Code" Bitcoin conference and its integration with local business. 13:05 - How the club manages competitive growth and future challenges with spending caps. 17:53 - Insights into Peter McCormack's journey of owning and promoting his football team. 22:07 - The significant developments in Bedford, including plans for a Universal Studios theme park. 32:08 - Lessons on leveraging cryptocurrency in traditional businesses and community development. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Buy your Real Bedford sporting attire here. Peter’s podcast, What Bitcoin Did. Learn more about the Cheat Code Conference. Peter's Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/24/20241 hour, 7 minutes, 36 seconds
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TIP625: Berkshire Hathaway w/ Chris Bloomstran

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 compounded annual growth rate of 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:37 - The impact of holding cash on your portfolio returns.   24:07 - How to understand the five different components that make up stock market returns. 33:14 - How to estimate the expected return of being invested in the S&P500. 40:57 - What the intrinsic value of Berkshire Hathaway is. 45:51 - How Berkshire Hathaway has allocated capital since 2018. 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, Kyle, and the other community members. Stig’s 2023 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video. Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video. Stig’s masterclass with Chris Bloomstran on equity valuations | YouTube Video. Chris Bloomstran’s website. Read Chris Bloomstran’s letters to his clients.  Buffett resource on CNBC. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Meyka Fundrise Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/21/20241 hour, 16 minutes, 56 seconds
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TIP624: Studying Financial History w/ Clay Finck

On today’s episode, Clay discusses various financial crises from the past as discussed in the book This Time is Different by Carmen Reinhart and Kenneth Rogoff. As the saying goes, from a historical perspective, there is nothing new except what is forgotten. Today’s episode will help shed light on where our world might be heading in light of studying history. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:48 - The primary types of financial crises. 08:13 - When the debt levels of a country reach an unsustainable level. 27:00 - An overview of currency debasements and currency devaluations. 27:24 - How countries tend to handle unsustainable debt levels. 30:36 - An overview of the Great Financial Crisis. 47:32 - How the interests of governments and currency holders are at odds with each other. 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, Kyle, and the other community members. Books mentioned: This Time is Different, Broken Money, The Price of Tomorrow Episode Mentioned: TIP587: Stock Market Crises & Bubbles w/ Brendan Hughes | YouTube Video. Related Episode: TIP574: Broken Money w/ Lyn Alden | YouTube Video. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Meyka Fundrise Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/19/202453 minutes, 56 seconds
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BTC178: Auditing Elections with Bitcoin w/ Carlos Toriello (Bitcoin Podcast)

In our latest episode, we dive deep with Carlos Toriello into how Bitcoin’s OP_Return is pioneering election audits. We discuss transforming election skepticism into Bitcoin advocacy, highlighting Digital Witness's groundbreaking audit of Guatemala’s 2023 elections. Learn about Simple Proof, the OpenTimeStamps Protocol, and how these tools offer tamper-evident, verifiable documents, fostering trust and transparency. Join us in envisioning a future where digital integrity reshapes democracy. IN THIS EPISODE YOU’LL LEARN: The transformative potential of Bitcoin’s OP_Return for auditing elections and ensuring transparency. How Digital Witness became the first to verify all available election documents in Guatemala, promoting trust. The role of Simple Proof and Peter Todd’s OpenTimeStamps Protocol in creating tamper-evident election documents. Insights into the 2019 Guatemalan elections, showcasing real-world applications of blockchain for combating election fraud. The concept behind "Immutable Democracy" and its implications for future election integrity. Recommendations for election system administrators worldwide on leveraging blockchain technology for transparency. The educational aspect of Fiscal Digital, introducing students to blockchain through gamified verification of election results. A look forward to the 2027 elections and the potential for blockchain to revolutionize electoral processes further. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Link to Seb’s book: The Hidden Cost of Money. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Meyka Fundrise Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/17/202454 minutes, 47 seconds
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TIP623: The Art Of Decision Making w/ Annie Duke

Kyle Grieve chats with Annie Duke about her own story of quitting and how it helped sparked the idea for one of her books, the importance of base rates in helping us make better decisions, how to improve our investing processes when we have long feedback loops, the importance of using kill criteria to quit an investment or hypothesis, how to use a quitting coach to help you quit things we hold onto for too long, the importance of dissociating ourselves from our most cherished ideas, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:28 - Annie's own story of quitting and how it got here to where she is today. 15:50 - Why expected value is so crucial for investors to manage risk best. 20:15 - The importance of understanding base rates. 20:15 - How we can use base rates to help us best understand expected values of our investments. 24:55 - How we can reframe our analysis of a business to close feedback loops on long-term investments. 32:40 - How we can get transfer from one skill to another far away skill (e.g. chess to investing). 45:28 - How we can use kill criteria in our investing decision-making to improve our abilities to quit a losing investment. 45:28 - How to engineer your decision-making to give yourself an outside view. 51:11 - How we can disassociate ourselves from our investments to reduce the impacts of the endowment effects. 51:32 - How to set up a quitting coach by permitting them to disagree with you. And so much more! 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, Kyle, and the other community members. Buy Quit: The Power of Knowing When to Walk Away here. Buy Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts here. Check out Annie’s substack here. Learn more about Annie Duke here. Related Episode: RWH015: Betting Better In Markets & Life w/ Annie Duke | YouTube video. Related Episode: TIP231: The Mind Of A World Poker Champion w/ Annie Duke | YouTube video. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Monarch Money Meyka Simon & Schuster CI Financial Vacasa Long Angle Fundrise iFlex Stretch Studios American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/14/20241 hour, 10 minutes, 25 seconds
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TIP622: Finding Certainty in an Uncertain World w/ Joseph Shaposhnik

On today’s episode, Clay sits down with Joseph Shaposhnik to discuss his high quality investing approach. Since its inception in 2015, the TCW New America Premier Equities fund has compounded at 15.8% per year versus the benchmark of 12.0%. Joseph is the Portfolio Manager of TCW New America Premier Equities, Global Premier Sustainable Equities, and Global Space Technology Equities portfolios. According to Nasdaq eVestment, the TCW New America fund has outperformed 99% of its peers. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:25 - The two types of recurring revenue. 13:37 - Why certainty is an essential part of a quality investing framework. 25:02 - How Joseph thinks about portfolio allocation by industry. 28:02 - Value accretive versus value destructive capital allocation decisions. 36:09 - How understanding incentives can make us better investors. 36:53 - Why we should ignore Buffett’s advice of buying businesses so great that an idiot can run it. 46:33 - How Joseph developed his own investment approach after working under two investment legends at Fidelity. 51:56 - Why Joseph believes that quality investing is the best approach to match his investment objectives and temperament. 58:33 - Why growth in free cash flow per share is Joseph’s number one focus as an investor. 1:00:28 - An update on a few of Joseph’s portfolio holdings 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, Kyle, and the other community members. Learn more about the TCW New America Fund. Check out Buffett’s 1996 Shareholder Letter. Book Mentioned: What I Learned About Investing from Darwin by Pulak Prasad. Book Mentioned: Big Money Thinks Small by Joel Tillinghast. Episode Mentioned: RWH017: Fidelity Legend w/ Joel Tillinghast | YouTube Video. Follow Joseph on LinkedIn.  Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Monarch Money Meyka Simon & Schuster CI Financial Vacasa Long Angle Fundrise iFlex Stretch Studios American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/12/20241 hour, 11 minutes, 51 seconds
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BTC177: The Future of Bitcoin Borrowing and Lending w/ Max Kei (Bitcoin Podcast)

In this episode, Max Kei from Hodl Hodl and Debifi, explores the future of Bitcoin lending and borrowing. From industry insights to Debifi's innovative approach, discover the benefits of Bitcoin collateral, multisig security, and fiat loan expansion. Gain valuable perspectives on navigating risks and seizing opportunities in decentralized finance. IN THIS EPISODE YOU’LL LEARN: Insights into the evolution of Bitcoin borrowing and lending platforms. Understanding the importance of peer-to-peer fully collateralized lending in the cryptocurrency space. Exploration of the risks and benefits associated with borrowing and lending using Bitcoin as collateral. Overview of Debifi's approach to decentralized lending and its unique features. Explanation of the concept of "super collateral" and its significance in Bitcoin lending practices. Understanding how multisig solutions enhance security in Bitcoin lending and borrowing. Insights into the potential benefits for users when utilizing a decentralized lending model. Preview of the expansion of fiat loans on Debifi and its implications for users. BOOKS AND RESOURCES Max's Twitter Account. Link to Debifi. Link to Hodl Hodl. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Monarch Money Meyka Simon & Schuster CI Financial Vacasa Long Angle Fundrise iFlex Stretch Studios American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/10/202459 minutes, 21 seconds
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TIP621: Warren Buffett’s Wisdom: The Power Of Corporate Governance with Lawrence Cunningham

Kyle Grieve chats with Lawrence Cunningham about Lawrence’s fascination with Warren Buffett and Berkshire Hathaway, why corporate governance is so crucial for shareholders to understand, the power of transparency, accountability, and ethical decision-making, how Warren Buffett created his shareholder letters to create a competitive advantage, a list of some incredible businesses to research to understand best top-notch corporate governance, the makeup of a successful incentive program and a whole lot more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - How corporate governance protects shareholders. 06:53 - Why Warren Buffett has created a competitive advantage by writing his shareholder letters the way he does. 09:54 - A few businesses that have excellent corporate governance that investors should research. 13:35 - Lessons from Charlie Munger and Philip Fisher that helped Warren better understand quality. 29:39 - How Warren's alignment with shareholders is such a competitive advantage. 30:07 - Why Berkshire is such an attractive buyer compared to alternatives. 33:04 - A breakdown of some simple and complicated investments Warren has made using the 1-foot and 7-foot hurdle analogy. 40:41 - The ABCs of capital allocation and why all board members should understand them deeply. 46:27 - How Warren tracks intrinsic value for different business models and why you should utilize multiple tools. 56:32 - Why it's so hard for most companies to have shareholder-friendly incentive programs. And so much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy The Essays Of Warren Buffett: Lessons For Corporate America here. Buy Dear Shareholder: The best executive letters from Warren Buffett, Prem Watsa and other great CEOs here. Check out Lawrence’s other books here. Related Episode: MI305: Exploring The DNA of Quality Businesses w/ Lawrence Cunningham | YouTube Video. Related Episode: TIP330: Warren Buffett w/ Lawrence Cunningham | YouTube Video. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Meyka NDTCO Fundrise iFlex Stretch Studios Public NerdWallet American Express Shopify NetSuite HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/7/20241 hour, 5 minutes, 18 seconds
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TIP620: The Intelligent Investor by Benjamin Graham

On today’s episode, Clay shares his lessons from reading The Intelligent Investor by Benjamin Graham. Benjamin Graham was a renowned value investor, lecturer, financial securities researcher, and mentor to billionaire investor Warren Buffett. Graham is widely regarded as the father of value investing. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:11 - Who Benjamin Graham was. 06:16 - How the intelligent investor seeks to capitalize on market fluctuations. 16:17 - The Intelligent Investor’s biggest advantage in the markets. 30:47 - The concept of the Margin of Safety. 34:55 - Benjamin Graham’s investment principles. 37:54 - A case study of Mr. Market’s mood swings in the 1999-2000 tech bubble. And so much more!  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, Kyle, and the other community members. Episode Mentioned: RHW004: Intelligent Investing w/ Jason Zweig | YouTube Video. Episode Mentioned: TIP597: Darwin's Investing Lessons w/ Kyle Grieve | YouTube Video. Benjamin Graham’s book: The Intelligent Investor. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Meyka NDTCO Fundrise iFlex Stretch Studios Public NerdWallet American Express Shopify NetSuite HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/5/202459 minutes, 56 seconds
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BTC176: Bitcoin and Traditional Finance in 2024 w/ Jim Crider (Bitcoin Podcast)

Jim Crider explores Bitcoin's impact on culture, future financial strategies, and the essence of money, highlighting its role in investment vs. speculative cycles, and ETF strategies. He also addresses financial planning with Bitcoin for different life stages, emphasizing the importance of understanding money beyond its face value. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:29 - The key aspects of Bitcoin that most people overlook and why they're crucial for understanding its value. 12:38 - How to educate clients on the true essence of money, combining its technical definition with its value-based aspects. 17:04 - How Bitcoin is expected to influence cultural and societal norms in the next two decades. 32:41 - Financial planning opportunities with Bitcoin for young families and retirees, highlighting commonly overlooked advantages. 36:57 - Strategies for integrating Bitcoin into fixed income portfolios to prepare for future financial shifts. 58:04 - The distinction between speculative and investment cycles in the context of Bitcoin and broader financial markets. 01:06:03 - The differences and benefits of in-kind versus cash creation in ETFs, and the implications for investors. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jim Crider's Twitter. Jim Crider’s Financial Advisory firm: Intentional Living. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Meyka NDTCO Fundrise iFlex Stretch Studios Public NerdWallet American Express Shopify NetSuite Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
4/3/20241 hour, 9 minutes, 34 seconds
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TIP619: The Cable Cowboy: John Malone w/ Kyle Grieve

In today’s episode, Kyle Grieve discusses the book Cable Cowboy: John Malone and the Rise of the Modern Cable Business. He covers why and how John Malone was such a prodigious creator of value, how he aligned himself with shareholders, how he helped build his monopoly-like business, TCI, how he dealt with competitors and regulators, why he trained Wall Street to see value differently, why Malone despised paying taxes, how Malone engineered deals to enrich himself and shareholder simultaneously, and much more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 07:41 - Why John Malone chose to work for TCI at a significant discount 09:52 - How Malone kept costs down to maximize cash flow 16:24 - How John Malone used his knowledge of scale and leverage to build TCI 19:08 - How John created his accounting terms to best display TCI's abilities to create value 27:57 - How Malone used his scale advantages to secure better rates from programmers 36:34 - The monopoly-like power that TCI could yield that featured its bargaining power 38:17 - How Malone created life-changing wealth for himself from the Liberty Media spin-off 42:54 - Why John invented the 500-channel offering and how it protected the cable industry 45:51 - Malone's tactics to try and divert attention away from TCI's monopoly-like power 50:58 - How John Malone quickly improved TCI's financial statements through industry consolidation 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, Kyle, and the other community members. Get Cable Cowboy here Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Follow Kyle on Twitter and LinkedIn Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite CI Financial Fidelity Wise TurboTax Fundrise NDTCO Linkedin Marketing Solutions Vacasa Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
3/31/20241 hour, 1 minute, 55 seconds
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TIP618: Stig's Portfolio Performance since 2014 w/ Stig Brodersen & Clay Finck

On today’s episode, Clay and Stig discuss the performance of Stig’s portfolio over the past 10 years and what he has learned from managing his portfolio over that time. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - How Stig’s portfolio has performed over the past 10 years. 06:29 - Why Stig invested with Mohnish Pabrai. 28:32 - How private investments fit into Stig’s portfolio. 33:53 - Stig’s biggest investment mistakes. 40:17 - Why investing in Alibaba was a mistake. 46:21 - Stig’s biggest winners. 58:32 - How his approach has changed over the years. 1:08:46 - Whether TIP will ever launch a fund. 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, Kyle, and the other community members. Stig’s blog post on his portfolio and track record since 2014. Learn more about The Berkshire Summit. Track your portfolio with Sharesight. William’s book: Richer, Wiser, Happier. Episode Mentioned: TIP442: Investing in Stocks w/ Mohnish Pabrai | YouTube Video. Episode Mentioned: TIP606: Multi-Bagger First Principles w/ Ian Cassel | YouTube Video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite CI Financial Fidelity Wise TurboTax Fundrise NDTCO Linkedin Marketing Solutions Vacasa Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
3/29/20241 hour, 26 minutes, 37 seconds
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BTC175: MicroStrategy Deep Dive w/ Jeff Walton (Bitcoin Podcast)

Today's Bitcoin Fundamentals features Jeff Walton discussing MicroStrategy's finance strategies, including valuation and leveraging Bitcoin. We examine price actions, trading methods, and the impact of traditional finance on BTC futures, offering insights into the intersection of enterprise software and financial engineering. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:41 - The role of MicroStrategy in modern financial strategies. 07:41 - Game theory principles applied to market structure and investor behavior. 16:18 - How Jeff Walton evaluates MicroStrategy's valuation. 16:18 - Insights into leveraging Bitcoin as collateral in finance. 16:18 - The potential of enterprise software in financial engineering. 32:58 - The differences between trading strategies and investment philosophies. 50:45 - The dynamics behind the price action of MicroStrategy's stock. 56:02 - Understanding short squeezes and their impact on valuation. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jeff Walton's Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite CI Financial Fidelity Wise TurboTax Fundrise NDTCO Linkedin Marketing Solutions Vacasa Babbel Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
3/27/20241 hour, 1 second
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TIP617: Improve Your Investing Operating System w/ Vitaliy Katsenelson

Kyle Grieve chats with Vitaliy Katsenelson about why we should align ourselves with what we love doing, how stoicism has helped Vitaliy deal with the volatility of negative emotions in the market and life, Vitaliy’s four favorite stoic tools, how to engineer our environments to improve our decision making and decrease costly mistakes, how we can utilize specific modes of communication to foster the learning process, why we should concern ourselves more with the truth and less on being right, how the markets have developed in the last decade pertaining to sideways markets, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:04 - What soul in the game is and why it's so important to understand it if you want to truly excel at investing and other passions. 07:36 - Why meditation is such a powerful tool to help improve stress. 13:40 - How Vitaliy prioritizes areas of his life to ensure he's spending the right amount of time on high-priority areas. 19:13 - How stoicism has helped Vitaliy remove the volatility of negative emotion in the market and life. 20:13 - How investors can utilize the dichotomy of control to navigate volatile markets better. 20:13 - Simple negative visualizations to use on individual stocks and your portfolio to improve decision-making. 36:43 - Why toxic environments can influence us to live by other people's values. 40:30 - Why specific tasks should be delegated so you are focused only on creating value. 48:16 - Why our modes of communication can limit or expedite our abilities to improve and learn. 48:25 - The importance of discovering the truth for successful investing. And so much more! 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, Kyle, and the other community members. Buy Soul In The Game here. Buy The Little Book Of Sideways markets here. Read Vitaliy’s articles here. Check out Vitaliy’s fund, IMA, here. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity CI Financial TurboTax Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
3/24/20241 hour, 9 minutes, 24 seconds
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TIP616: The Godfather of Influence w/ Dr. Robert Cialdini

On today’s episode, Clay is joined by Dr. Robert Cialdini to discuss Charlie Munger’s favorite book – Influence: The Psychology of Persuasion. Dr. Cialdini is a New York Times Best Selling Author of Influence and Pre-Suasion. He is also CEO and President of Influence at Work where they focus on ethical training, corporate keynote program, and the Cialdini Method Certified Trainer program. He received his PhD from the University of North Carolina and post-doctoral from Columbia University. In acknowledgment of his outstanding research achievements and contributions in behavioral science, he is frequently regarded as the “Godfather of Influence.” IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:53 - The story of what led Charlie Munger to give a Berkshire A share to Dr. Cialdini. 03:57 - How Buffett and Munger use reciprocity to enrich the world and themselves. 10:36 - What Cialdini learned in his personal interactions with Munger. 18:55 - How the commitment & consistency bias can affect us as investors. 23:04 - How we can utilize the principles of Influence in an honest and ethical way. 26:28 - Why trust is at the foundation of all great business relationships. 40:23 - Why the principle of scarcity is so powerful even in a world full of abundance. 58:54 - How we can guard ourselves against the liking bias when assessing management. 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, Kyle, and the other community members. Check out Influence at Work & the Cialdini Institute. Dr. Cialdini’s books: Influence, Pre-Suasion, Yes!: 50 Scientifically Proven Ways to Be Persuasive Related Episode: MI091: Warren Buffett’s #3 & Charlie Mungers #1 Business Book Of All-time w/ Robert Cialdini | YouTube Video Related Episode: TIP022: Influence – Robert Cialdini’s Psychology Of Persuasion w/ Preston & Stig | YouTube Video Follow Robert on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity CI Financial TurboTax Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
3/22/202458 minutes, 59 seconds
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BTC174: Is Bitcoin Property, Currency, or Both? w/ Parker Lewis & Will Cole (Bitcoin Podcast)

Join us as Parker Lewis & Will Cole delve into Bitcoin's role as property or currency, discuss Bill Ackman's views and Saylor's latest buy. We explore Bitcoin payments, the impact of high rates, and the future of digital authentication. This episode is packed with insights on the evolving cryptocurrency landscape and its broader economic implications. Tune in for a deep dive into the forefront of digital assets. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 11:03 - Bill Ackman's prediction on Bitcoin's cycle and its implications on the economy. 26:26 - Michael Saylor's strategic acquisition of an additional 12,000 BTC for MicroStrategy. 27:12 - The debate on whether Bitcoin should be considered digital property or a currency. 38:50 - The potential of Bitcoin payments and the innovative approach of Zaprite. 38:50 - Integration of fiat payments in the Bitcoin ecosystem, including the use of stablecoins and traditional currencies. 51:28 - The feasibility and implications of receiving lightning payments through a Tor-enabled node. 51:28 - The challenge of authentication in the digital age, especially in the context of AI and the potential for misinformation. 01:02:32 - A discussion on global policy trends and competition in the digital asset space, highlighting the strategic importance of cryptocurrency. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Checkout Parker and Will’s company ZapRite. Parker’s recent book: Gradually, Then Suddenly. Related Episode: Listen to BTC156: Bitcoin is Not A Hedge w/ Parker Lewis, or watch the video. Related Episode: Listen to BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole, or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity CI Financial TurboTax Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices
3/20/20241 hour, 5 minutes, 19 seconds
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RWH043: Survive & Thrive w/ Guy Spier: Part 2

In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 2, Guy shares insights on how to succeed over the long run by avoiding dumb investment behavior, building the right relationships, and recognizing our weaknesses. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.” IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:36 - What dumb investment behavior Guy Spier strives to avoid 05:12 - What type of companies he shuns 07:05 - Why good relationships are a key to financial & personal success 07:25 - Why we should be especially wary of leverage 15:46 - Why it’s vital to find “friends along the path” who support us emotionally 29:34 - Why it’s helpful to shine a light on our own weaknesses 41:18 - How he handles painful, contentious conversations 51:24 - How to engage with people whose beliefs & experiences differ from ours 1:07:05 - What role money does—or doesn’t—play in a rich & meaningful life 1:11:11 - What Guy learned from Warren Buffett’s exercise of writing your own obituary 1:31:39 - How reading great literature can make you wiser & happier Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Related Episode: William Green’s 2023 interview with Guy Spier | YouTube Video. Related Episode: William Green’s 2022 interview with Guy Spier | YouTube Video. Related Episode: William Green’s interview with Daniel Goleman & Tsoknyi Rinpoche | YouTube Video. Related Episode: William Green’s interview with Chris Davis | YouTube Video. The Dishcast podcast with David Brooks on “Transcending Hate & Loneliness”. Daniel Siegel’s book “The Developing Mind”. Harville Hendrix’s book “Doing Imago Relationship Therapy in the Space-Between”. Marcel Proust’s book “In Search of Lost Time”. Guy Spier’s book, “The Education of a Value Investor" – read reviews of the book. Subscribe to Guy Spier’s free newsletter. Guy Spier’s podcast and website. Guy Spier interviews William Green about his book, “Richer, Wiser, Happier”.  William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter). Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity TurboTax NDTCO Linkedin Marketing Solutions Fundrise Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/17/20241 hour, 47 minutes, 27 seconds
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RWH042: Survive & Thrive w/ Guy Spier: Part 1

In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 1, Guy discusses the art of compounding wealth over decades, drawing on lessons he’s learned from Warren Buffett, downhill ski racers, & his own mistakes. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.” IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:07 - Why it’s so intense for Guy Spier & William Green to collaborate 10:19 - How telling the truth changed Guy’s life 17:53 - Why the Global Financial Crisis terrified him 24:52 - Why it’s hard to invest rationally in the real world of chaos & confusion 29:25 - How Guy deals with his emotions when making investment decisions 35:03 - Why his default position is to hold his stocks indefinitely & resist meddling 38:48 - Why he didn’t sell his stake in Alibaba 42:01 - Why he’s pleased with & disappointed by his investment returns 46:32 - Why his mission is long-term compounding without catastrophe 55:06 - What Guy learned from investing in a company that went bankrupt 57:57 - What the fastest skiers can teach us about success & survival 1:00:02 - How excessive risk destroyed a fund manager he once knew 1:04:13 - What we can learn from Warren Buffett about financial resilience Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Related Episode: William Green’s 2023 interview with Guy Spier | YouTube Video. Related Episode: William Green’s 2022 interview with Guy Spier | YouTube Video. Guy Spier’s book, “The Education of a Value Investor" – read reviews of the book. Subscribe to Guy Spier’s free newsletter. Guy Spier’s podcast and website. Guy Spier interviews William Green about his book, “Richer, Wiser, Happier”. Read Gandhi: An Autobiography – The Story of My Experiments with Truth. Luca Dellanna's book, "Ergodicity". David Hawkins' book, “Power vs Force”. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter). Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity TurboTax NDTCO Linkedin Marketing Solutions Fundrise Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/17/20241 hour, 12 minutes, 46 seconds
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TIP615: Current Market Conditions w/ Richard Duncan

On today’s episode, Clay is joined by Richard Duncan to discuss current market conditions, whether we’ll see a recession in 2024, the potential for interest rate cuts, and more. Richard Duncan is the author of The Money Revolution: How To Finance The Next American Century. Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis.   Since 2013, Richard has published Macro Watch, a video newsletter that analyzes the forces driving the economy and the financial markets in the 21st Century. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:47 - How our modern-day economy is structured with the US dropping the gold standard in 1971. 10:29 - Why our economy requires perpetual credit expansion. 17:46 - How the credit environment has developed since 2020. 26:11 - What a recession is and what the implications of a recession are. 29:47 - Why Richard foresees a recession in 2024. 31:55 - The primary drivers of credit growth. 43:26 - Why we’ll likely see interest rate cuts in 2024. 53:03 - The drawbacks of our modern-day economy. 60:00 - Indicators that investors need to monitor in today’s economy. 64:03 - Where the US is at in the AI race. 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, Kyle, and the other community members. Richard Duncan Website. Macro Watch Website. The Money Revolution Book. Related Episode: TIP488: Current Market Conditions w/ Richard Duncan | YouTube Video. Related Episode: TIP424: How to Finance the Next American Century w/ Richard Duncan | YouTube Video. Follow Richard on Twitter. Follow Clay on Twitter. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity TurboTax NDTCO Linkedin Marketing Solutions Fundrise Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/15/20241 hour, 9 minutes, 42 seconds
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BTC173: Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard (Bitcoin Podcast)

In this episode, Bitcoin OG Pierre Rochard unpacks the Energy Information Survey's halt, its implications, and the mining community's legal victory. We delve into Pierre's thoughts on Senator Warren's initiative, the collective response, and future steps. The discussion also covers Texas' support, the impact of the upcoming halving event, and Pierre's insights on the Bitcoin 'speculative attack'. IN THIS EPISODE YOU’LL LEARN: The background and implications of the DOE's halted energy survey on Bitcoin mining. Pierre Rochard's perspective on Senator Elizabeth Warren's initiative to track power consumption by miners. The collective response of the Bitcoin mining community to regulatory challenges. Details of the legal victory that temporarily stopped the DOE's data collection efforts. The role of Texas in supporting the cryptocurrency industry against regulatory pressures. How this legal battle might set a precedent for future regulatory attempts on Bitcoin mining. Insights into the upcoming Bitcoin halving event and its potential impact on the mining community. Pierre's concept of the "speculative attack" and its relevance to Bitcoin's future. BOOKS AND RESOURCES Pierre Rochard's Twitter. Riot Platforms' Twitter. Related Episode: Listen to BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard, or watch the video. Related Episode: Listen to BTC116: Bitcoin Ordinals and NFTs on Layer 1 Bitcoin w/ Pierre Rochard, or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity TurboTax NDTCO Linkedin Marketing Solutions Fundrise Vacasa NerdWallet Babbel Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices
3/13/20241 hour, 5 minutes, 28 seconds
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TIP614: Investing Guardrails: Avoiding Common Mistakes w/ Kyle Grieve and Clay Finck

Kyle Grieve and co-host Clay Finck dive deep into how human psychology impacts your investment decisions, why even the best investors fall victim to their own biases, strategies to mitigate common mistakes, how to deal with market timing, leverage, and speculation, why you should focus your time on improving patience, simplifying things, and understanding value, how you can recognize the biases of the market by understanding market cycles, why you should prioritize temperament over intellect, the importance of long-term results over quick gains, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:39 - Why greed makes us feel smart. 03:03 - How fear causes us to make poor decisions. 05:25 - The case study of Stanley Druckenmiller and how greed can affect even the smartest among us. 10:14 - How we can succeed in investing without having to predict macroeconomic trends. 11:38 - How we can track our emotions to make better decisions. 14:48 - The follies of trying to time the market. 14:48 - The downside of timing the market. 15:27 - Why we shouldn’t rely on luck to consistently generate returns. 17:21 - Why Warren Buffett would make any changes to his investing even if he knew what the FED was going to do in the next twelve months. 23:09 - Why leverage should be avoided in the stock market. And so much more! 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, Kyle, and the other community members. Related Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video. Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve | YouTube Video. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite TurboTax Wise Fidelity CI Financial Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/10/20241 hour, 34 minutes, 16 seconds
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TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve

On today’s episode, Clay Finck and Kyle Grieve share why they are so passionate about investing in stocks and why they utilize the stock market to help them achieve financial independence. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:41 - How real-life examples of compounding have influenced Clay & Kyle 11:33 - How the stock market has compounded in the US since the 1950s. 20:50 - Why Clay and Kyle set the financial goal of becoming financially independent. 28:42 - Why Kyle chose to utilize the stock market as his tool to achieving financial independence. 36:44 - How an investor knows when they are ready to start investing in individual companies. 41:24 - How to quickly disqualify an investment. 43:44 - The best metric to filter on business quality. 72:27 - The edge that individual investors can have in picking stocks. 81:03 - Our favorite investing books. 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, Kyle, and the other community members. Books mentioned: The Millionaire Next Door, 100 Baggers, The Psychology of Money, The Simple Path to Wealth, The Joys of Compounding, What I Learned About Investing From Darwin, Richer, Wiser, Happier, Invested, The Most Important Thing, The Warren Buffett Portfolio Check out Finchat. Episode Mentioned: TIP602: Same as Ever w/ Morgan Housel | YouTube Video. Related Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Follow Clay on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite TurboTax Wise Fidelity CI Financial Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/8/20241 hour, 28 minutes, 3 seconds
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BTC172: Macro Outlook Q1 2024 w/ Luke Gromen (Bitcoin Podcast)

In this episode, Luke Gromen navigates through Berkshire's $167.6B cash, his 2023 market optimism, US liquidity measures, and escalating real estate loan concerns. He discusses inflation's return, unemployment trends, interest rates, and Bitcoin's impact on energy. The dialogue also touches on the Fed's control illusion, CEO stock sales, Bitcoin's fiscal role, auction failures, QE's return, and treasury yield trends, providing a rich macroeconomic overview amidst evolving market dynamics. IN THIS EPISODE YOU’LL LEARN: How Berkshire Hathaway's substantial cash reserve positions it in the current economic landscape. The pivotal factors that flipped Luke Gromen from a bearish to a bullish market stance in early 2023. The specific liquidity levers the US is currently pulling to navigate through economic challenges. Insights into the escalating crisis in commercial real estate loans surpassing loss reserves at major banks. The implications of re-accelerating supercore inflation on the economy and monetary policy. Predictions on unemployment trends and their impact on the broader economic recovery. How interest rates are expected to evolve through the rest of the year and their effect on investments. The transformative potential of Bitcoin in changing the energy landscape and its broader economic implications. BOOKS AND RESOURCES Luke’s FFTT research. Luke’s Twitter account. Luke’s two books. Related Episode: Listen to BTC136: The FED Pause & Q2 Current Events w/ Luke Gromen, or watch the video. Related Episode: Listen to BTC101: 4th Quarter Macro Overview w/ Luke Gromen, or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite TurboTax Wise Fidelity CI Financial Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices
3/6/20241 hour, 11 minutes, 12 seconds
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TIP612: Investing In Fear: Profiting From Maximum Pessimism w/ Lauren Templeton

Kyle talks to Lauren Templeton about the many investing and life lessons she learned from investing legend Sir John Templeton, how she sets up her daily life to stay disciplined and avoid biases, how to utilize the scientific method for investing purposes, how we can use lessons from history to improve our decision making today, the importance of utilizing multiple evaluation tools to find great investments, sectors that are facing maximal pessimism today that might be the winners of tomorrow, and much, much more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:56 - Why we should combat “home bias”. 05:56 - Why high savings rates are so important for new opportunities. 05:56 - How savings rates have changed with the times. 05:56 - The hurdles you need to overcome for investing in Japan. 12:06 - The importance of looking at unpopular sectors. 12:24 - What Sir John Templeton thought about quality. 12:24 - Why maximum optimism is a risky place to deploy capital. 12:24 - How Sir John Templeton offset value traps using his strategy. 12:24 - Why you should use multiple evaluation tools in your analysis. 17:38 - How Lauren created her life to stay disciplined. 17:38 - The strengths of lowering how reactive you are. 17:38 - The importance of living a disciplined lifestyle to improve yourself. 21:18 - How to utilize the scientific method in investing. 27:01 - How Lauren has decreased the effects of FOMO. 27:01 - The importance of removing yourself from the crowd. 29:54 - How Lauren has used inversion to help her investing strategy. 34:22 - Why you should look at sectors with bad outlooks. 34:22 - How Lauren fights confirmation bias. 43:10 - How Lauren’s investing strategy has altered given the current macro backdrop. 47:07 - The importance of alignment between your daily life and investing philosophy. 47:07 - How Sir John Templeton tinkered with his portfolio while staying true to his core philosophy. 49:11 - Why you should understand maximum pessimism and how it creates opportunities. 49:11 - The historical returns in small caps after having the valuation gap we are seeing today. 49:11 - Why Lauren thinks China is showing maximum pessimism based on her observations at ValueX. 49:11 - Why Lauren sees an opportunity in small caps right now. And so much more! 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, Kyle, and the other community members. Buy Lauren’s book, The Templeton Way here. Listen to Lauren’s podcast, Investing The Templeton Way here. Subscribe to her newsletter, the Maximum Pessimism Report here. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Fidelity NetSuite Toyota TurboTax Wise NerdWallet Linkedin Marketing Solutions Babbel Shopify Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/3/202455 minutes, 57 seconds
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TIP611: The Bear Case for China w/ Kyle Bass

On today’s episode, Clay chats with Kyle Bass, the founder and principal of Hayman Capital Management. Hayman’s first major success came from effectively shorting the housing market in 2008, and Kyle was profiled in Michael Lewis’ book The Big Short.  After seeing Chinese stocks drop 20% over the past year, I invited Kyle back onto the show because he has been sounding the alarm bells for years on a market correction in Chinese markets.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:01 - Why China is potentially preparing to invade Taiwan. 06:59 - How China has been restricting data and information flow to foreigners. 09:16 - Major military, mainland, and legal actions the CCP has taken in the past few years. 19:55 - Why foreign direct investment to China has collapsed in recent years. 25:53 - Potential sanctions the US may implement if China invades Taiwan. 33:38 - What Kyle is seeing in the Chinese real estate market. 39:33 - Whether he sees the crisis in Chinese affecting other markets globally. 47:10 - Why he believes the Fed is out of touch with reality. 54:48 - How Kyle is positioned as an investor today. 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, Kyle, and the other community members. Hayman Capital Management’s website. Conservation Equity Management’s website. Related Episode: TIP396: China and the Macro Impact w/ Kyle Bass | YouTube Video. Follow Kyle on Twitter. Follow Clay on Twitter. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Fidelity NetSuite Toyota TurboTax Wise NerdWallet Linkedin Marketing Solutions Babbel Shopify Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/1/20241 hour, 27 seconds
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BTC171: Bitcoin Tech Update with Alex Leishman (Bitcoin Podcast)

Join us with Alex Leishman, River's CEO, for a dive into Bitcoin's ecosystem, discussing Argentina, Bitwise custody, Lightning Network's prospects, Ordinals, equity tokenization, BitVM, ETFs, custody improvements, AI, and institutional custody. We also touch on OTC markets' dynamics. A compact overview of the current and future Bitcoin landscape. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:09 - The evolving role of Bitcoin in Argentina's economy and how it's shaping local finance. 10:05 - The current state and future prospects of the Lightning Network in enhancing Bitcoin's scalability. 20:04 - An introduction to BitVM and roll-ups, and their potential to revolutionize transaction efficiency. 24:05 - The significance of Ordinals for decentralized identity and how they're changing the landscape. 27:50 - The process and benefits of tokenizing real equity to bridge traditional finance with blockchain technology. 34:02 - The challenges and opportunities presented by Bitcoin ETFs and potential regulatory impacts. 34:34 - The importance of improving custody solutions for Bitcoin to ensure greater security and accessibility. 42:15 - Insights into Bitwise custody solutions and their impact on security and asset management. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Buy Bitcoin at River. Alex Leishman's Twitter. River's Blog and Research. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Fidelity NetSuite Toyota TurboTax Wise NerdWallet Linkedin Marketing Solutions Babbel Shopify Fundrise Vacasa Learn more about your ad choices. Visit megaphone.fm/adchoices
2/28/202453 minutes, 2 seconds
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TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra

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 is still bullish on Spotify. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Mueller Industries, a value stock trading at an appealing valuation. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:25 - Why Hari is bullish on Disney (Ticker: DIS) 12:09 - The bear case of Disney, including increasing competition, valuation, and debt levels 35:33 - Why Stig has invested in Spotify (Ticker: SPOT) as one of the five stocks he owns 48:44 - The bear case for Spotify, including the dependency on Alphabet 58:18 - Why Toby has invested in Mueller Industries (Ticker: MLI) 1:06:46 - The bear case for Mueller Industries, including the end of the building phase and competitive Chinese pressures 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, Kyle, and the other community members. Listen to the Mastermind Discussion Q4 2023 – TIP586 | Youtube video. Tune in to the Mastermind Discussion Q3 2023 – TIP576 | Youtube video. Listen to the Mastermind Discussion Q2 2023 – TIP557 | Youtube video. Tune in to the Mastermind Discussion Q1 2023 – TIP528 | Youtube video. Listen to the Mastermind Discussion Q1 2022 – TIP418 | Youtube video. Tune in to the Mastermind Discussion Q2 2022 – TIP450 | Youtube video.   Listen to the Mastermind Discussion Q3 2022 – TIP475 | Youtube video. Tune in to the Mastermind Discussion Q4 2022 – TIP496 | Youtube video. Tobias Carlisle's podcast, The Acquirer's Podcast. Tobias Carlisle's ETF, ZIG. Tobias Carlisle's ETF, Deep. Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book. Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com. Tweet directly to Tobias Carlisle. Hari's Blog: BitsBusiness.com. Tweet directly to Hari Ramachandra. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite TurboTax Fidelity Linkedin Marketing Solutions Wise Fundrise NDTCO Vacasa NerdWallet BiOptimizers - Nootopia Babbel Efani Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/25/20241 hour, 26 minutes, 38 seconds
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TIP609: Fooled by Randomness by Nassim Taleb

On today’s episode, Clay reviews Nassim Taleb’s book – Fooled by Randomness. Nassim Taleb is a Lebanon-born American mathematician and statistician whose work concerns problems of randomness, probability, and uncertainty. He’s very well known for his popular books, including The Black Swan, Antifragile, Skin in the Game, and Fooled by Randomness. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:37 - The role of luck in investing. 04:51 - Biases that get investors into trouble, such as the survivorship bias and the endowment effect. 10:09 - Why we should develop a sense of skepticism and humility. 15:52 - Why it’s so important to understand alternative histories. 30:47 - Why humans are more prone to make investment decisions based on emotions rather than facts and probabilities. 37:31 - What the firehouse effect is. 39:33 - The story of a trader who got married to his positions which ended up being a value trap. 48:08 - What chaos theory is. 58:54 - How Taleb’s investment strategy capitalizes on asymmetric opportunities. 62:06 - Distinguishing a good process from a good outcome. 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, Kyle, and the other community members. Nassim Taleb’s books: Fooled by Randomness, Antifragile, The Black Swan, & Skin in the Game. Episode Mentioned: TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson | YouTube Video. Episode Mentioned: TIP597: Darwin's Investing Lessons w/ Kyle Grieve | YouTube Video. Episode Mentioned: TIP579: Big Mistakes by Michael Batnick | YouTube Video.  Follow Clay on Twitter. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite TurboTax Fidelity Linkedin Marketing Solutions Wise Fundrise NDTCO Vacasa NerdWallet BiOptimizers - Nootopia Babbel Efani Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/23/20241 hour, 1 minute, 1 second
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BTC170: Bitcoin's Hardware Future w Bob Burnett (Bitcoin Podcast)

Bob Burnett shifts from tech executive to Bitcoin mining leader, focusing on innovative, sustainable solutions. He explores Bitcoin's challenges, the significance of ASICs beyond finance, and strategies for navigating regulatory environments. Burnett's insights into future trends and advice for tech entrepreneurs underscore the importance of adaptive strategies and sustainability in the evolving Bitcoin landscape. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:11 - Bob Burnett's journey from tech executive to leading Bitcoin mining initiatives. 18:13 - The importance of sustainable practices in the Bitcoin mining industry. 27:44 - Strategies for navigating the complex regulatory environment of Bitcoin. 35:06 - How blockchain technology extends beyond finance into other sectors. 37:01 - The significance of adaptability for entrepreneurs in the tech and finance industries. 62:15 - Insights into the future trends and potential of Bitcoin. 69:08 - Lessons in leadership and innovation drawn from Burnett's extensive experience. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out: Bob’s Twitter. Visit: Barefoot mining website. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite TurboTax Fidelity Linkedin Marketing Solutions Wise Fundrise NDTCO Vacasa NerdWallet BiOptimizers - Nootopia Babbel Efani Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices
2/21/20241 hour, 16 minutes, 48 seconds
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RWH041: Ignore the Crowd w/ Super-investor Bruce Berkowitz

In this episode, William Green chats with famed investor Bruce Berkowitz, whose Fairholme Fund has beaten the S&P 500 by 529 percentage points over 23 years. Bruce, who was named Morningstar’s Domestic Stock-Fund Manager of the Decade in 2009, talks here about the ups & downs of his volatile career, how he changed his investment strategy after three costly losses, why he likes cash as a kind of “financial valium,” & why 80% of his fund is riding on one stock. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:44 - What Bruce Berkowitz learned about odds by working as a bookmaker. 06:26 - What his stint as a broker taught him about how not to invest. 34:18 - Why he makes huge bets on a tiny number of stocks. 41:53 - How he’s riding a multi-decade wave of migration to Florida. 48:57 - How he justifies betting 80% of his fund on one stock. 54:59 - How he’s playing long-term trends in the energy sector. 56:56 - Why he’s changed the way he invests. 59:08 - Why he’s acutely wary of bank stocks. 59:20 - What he learned from losing big on Sears, Fannie Mae, & Freddie Mac. 1:17:53 - Why he views cash as a valuable form of “financial valium.”  1:28:51 - How he assesses the investment threat of global warming. 1:33:50 - Why he operates as a lone wolf, not part of a team. 1:39:53 - What he’s tried to teach his three children. 1:45:31 - How he handles setbacks. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bruce Berkowitz’s investment firm, Fairholme Funds. Vaclav Smil’s book How the World Really Works. Vaclav Smil’s book Energy & Civilization. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter). Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/18/20241 hour, 55 minutes, 20 seconds
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TIP608: Long-Term Compounding w/ Chris Mayer

On today’s episode, Clay chats with Chris Mayer about long-term compounding and a few of his holdings, including Constellation Software. Chris is well-known for his book, 100 Baggers, and has inspired thousands of readers to become better investors. If you’re interested in investing in multi-baggers, then this episode is a must-listen. Chris is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:27 - A review of how Chris’s fund performed in 2023. 06:37 - Where Chris focuses much of his attention in managing a fund. 12:39 - How Chris discovered Constellation Software. 18:02 - How the competitive landscape for Constellation Software has developed over the years. 24:58 - The potential drawbacks of Constellation Software’s decentralized business model. 28:09 - Chris’s thoughts on Constellation Software’s ~60% increase in their share price over the past year. 28:53 - How Constellation 2.0 has developed in recent years. 33:04 - Why Constellation Software has started performing spinoffs. 39:42 - Whether Constellation will continue to do more spinoffs in the future or not. 37:05 - Why Chris decided to invest in the Constellation Software spinoffs in his fund (Topicus & Lumine). 39:32 - Why Topicus is targeting higher organic growth in their subsidiaries. 55:12 - Chris’s thoughts on the valuation of Constellation Software, Topicus, and Lumine. 61:56 - How Chris would consider allocating fresh capital today in his fund. 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, Kyle, and the other community members. Chris Mayer’s books: 100 Baggers & How Do You Know? Resources mentioned: InPractise, Acquirers.com, & REQ Capital. Chris’s fund & blog: Woodlock House Family Capital. Thomas Phelps’ book: 100 to 1 in the Stock Market. Episode mentioned: TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard Of | YouTube Video. Related Episode: TIP543: 100 Baggers w/ Chris Mayer | YouTube Video. Related Episode: TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer | YouTube Video. Related Episode: MI310: A Serial Acquirers Deep Dive w/ Chris Mayer | YouTube Video. Follow Chris on Twitter. Follow Clay on Twitter. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/16/20241 hour, 3 minutes, 4 seconds
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BTC169: Bitcoin Changing Africa's Energy and Finance Incentives w/ Alex Gladstein (Bitcoin Podcast)

Alex Gladstein discusses Bitcoin's impact on Africa, leveraging natural resources for mining to provide electricity and financial stability. Highlighting cases in Malawi and Kenya, he shows how Bitcoin offers a stable currency and supports renewable energy, transforming economic landscapes and promoting sustainable development. This narrative illustrates Bitcoin's potential as a catalyst for empowerment and progress across the continent. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 00:57 - The potential of Bitcoin to drive sustainable development in Africa. 00:57 - How Africa's natural resources can be utilized for Bitcoin mining. 11:07 - The role of Bitcoin mining in providing access to electricity and reducing energy costs. 16:25 - Examples of successful Bitcoin mining projects in Malawi and Kenya and their socio-economic benefits. 25:09 - Strategies for leveraging stranded energy resources for economic empowerment and environmental conservation. 26:17 - Ways in which Bitcoin acts as a stable, decentralized currency for regions facing inflation. 44:37 - The impact of micro-hydroelectric and geothermal energy projects on local communities. 45:57 - The importance of local entrepreneurship and community initiatives in the adoption of Bitcoin mining. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Alex’s article in Bitcoin Magazine: Stranded. Alex’s Twitter. The Human Rights Foundation. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
2/14/202455 minutes, 54 seconds
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TIP607: Small But Mighty: Uncovering Smallcap Value w/ Paul Andreola

Kyle talks to Paul Andreola about how he evaluates smallcap stocks, why flipping over as many rocks as possible is such a strong strategy, why to put all your focus on profitable growing businesses, why the PEG ratio is so important for finding great opportunities, the importance of understanding the capital raising process, why value will always succeed in the long term, the current state of microcaps and much, much more! Paul Andreola is a highly successful microcap investor who has been managing his own money for over 30 years. He is a board member for Atlas Engineered Products, Total Telcom, and Departure Bay Bay Capital. He’s a big proponent of microcap investing and runs an investing community called SmallCap Discoveries where he interviews CEOs of microcap businesses and shares his ideas and strategies. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:28 - The importance of flipping over as many rocks as possible. 05:00 - The power of owning businesses that institutions can’t invest in. 05:08 - Why focus your efforts on profitable businesses that are growing. 05:22 - How to use the price-to-earnings-growth ratio to help you identify undervalued growth stocks. 06:22 - How to add a margin of safety using the PEG ratio. 06:22 - How to use the PEG ratio to help you determine what needs to be sold. 08:43 - How increasing fund flows can attract low-quality businesses in search of capital. 09:46 - Why owning profitable companies can de-risk your investing. 09:46 - Why you should stay away from low-growth businesses even when they are cheap. 13:23 - Why you should stay away from businesses that are likely to heavily dilute shareholders. And so much more! 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, Kyle, and the other community members. Check out Paul’s services at Smallcap Discoveries. Read Paul’s articles here. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Babbel NetSuite Shopify Linkedin Marketing Solutions Fundrise Wise TurboTax NDTCO Fidelity Vacasa BiOptimizers - Nootopia American Express Business Gold Card Efani HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/11/202452 minutes, 24 seconds
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TIP606: Multi-Bagger First Principles w/ Ian Cassel

On today’s episode, Clay is joined by Ian Cassel to discuss multi-bagger first principles, what he’s learned from investor Tony Deden, and biases he has had to overcome to continue improving as an investor. 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.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:36 - Ian’s investment journaling and reflection process. 06:19 - What Ian has learned from managing a fund for over 5 years. 08:56 - A 2023 overview for Ian’s fund. 23:58 - What Ian learned from Anthony Deden. 27:43 - The multi-bagger first principles. 35:53 - A few case studies on multi-baggers. 53:26 - Why high insider ownership doesn’t correlate with stocks that outperform. 54:02 - How attribution bias influences investor behavior. 58:08 - Ian’s experience on the saying, “Risk is what you don’t see.” 61:03 - How Ian decides whether he should average down in a position or not. 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, Kyle, and the other community members. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Ian’s presentation on Multi-bagger First Principles. Ian’s community, MicrocapClub. Ian’s book, Intelligent Fanatics. Ryan Pape’s interview at the MicroCap Leadership Summit. Related Episode: TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel | YouTube Video. Follow Ian on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Babbel NetSuite Shopify Linkedin Marketing Solutions Fundrise Wise TurboTax NDTCO Fidelity Vacasa BiOptimizers - Nootopia American Express Business Gold Card Efani HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/9/20241 hour, 11 seconds
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BTC168: Bitcoin Discreet Log Contracts DLC on LN Markets w/ Romain Rouphael

Dive into Bitcoin's future with Romain Rouphael: Unpacking his journey from finance to pioneering in Bitcoin research, LN Markets, and DLC Markets. Discover how leveraging Bitcoin for payments and building on its secure infrastructure is changing trading with instant settlements, trustless derivatives, and over $2 billion traded. Learn about the innovation behind LN Markets' fast retail trading and DLC Markets' approach to revolutionizing trustless OTC derivatives. IN THIS EPISODE YOU’LL LEARN: The reasons behind Romain Rouphael's full-time commitment to Bitcoin and its potential for revolutionizing finance. Insights into the foundational stages of Bitcoin research and the establishment of a Bitcoin lab. Challenges and complexities faced in managing a Bitcoin fund and interacting with centralized exchanges. The advantages of Bitcoin over other cryptocurrencies as both an asset and a financial infrastructure. Introduction to LN Markets, a platform enabling instant settlement trading built on the Lightning Network. The significance of Discreet Log Contracts (DLCs) in enabling trustless OTC derivatives trading on Bitcoin. The innovative approach of DLC Markets to facilitate complex smart contracts for large-scale, trustless trading. Future developments in Bitcoin financial services, including enhancements to LN Markets and DLC Markets, and the introduction of new products like hashrate/blockspace trading. BOOKS AND RESOURCES Article: LN Markets Upgrades Bitcoin Trading w/ DLCs. Romain Rouphael's Twitter. LN Market's Website. DLC Market's Website. The LN Market’s White Paper on DLCs. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Babbel NetSuite Shopify Linkedin Marketing Solutions Fundrise Wise TurboTax NDTCO Fidelity Vacasa BiOptimizers - Nootopia American Express Business Gold Card Efani Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
2/7/20241 hour, 40 seconds
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TIP605: Untangling Global Outperformers w/ Dede Eyesan

On today’s episode, Kyle talks to Dede Eyesan about investing outside of your home country and what you need to research to improve your circle of competence, why China, India, and Japan have some interesting businesses and which sectors might produce the next outperformers, the strength of monopoly type businesses when searching for outperformers, the characteristics of outperformers that are least difficult to try to identify, interesting insights into iGaming and IT consulting industries, and much, much more! Dede Eyesan is the Chief Investment Officer of Jenga Investment Partners (IP). Jenga IP is a fund specializing in allocating capital to public and private companies on a global scale. They own businesses in countries such as Finland, Poland, China, Mexico, the U.S., Australia, Sweden, Kazakhstan, and France. He authored Global Outperformers: A decade study of the top performing global listed companies (1,000% in 10 years) IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:54 - The primary reasons for China’s lower shareholder returns. 06:12 - Potential value chains in India that Dede finds interesting. 10:20 - Insights into Indian markets, governance issues, and regulation. 14:03 - Why consumer electronics is interesting in India, but not a good business model in most other geographies. 18:04 - The importance of good economics and competitive advantage in finding outperformers. 19:51 - Why monopolies like Airports of Thailand and Texas Pacific Land Corporation made good investments. 26:14 - Insights into two South African companies that are still high quality in Karooooo and Naspers. 34:44 - Why iGaming has low barriers to entry but high barriers to success. 34:55 - Why uncertainty can punish a business’s valuation. 44:37 - Dede’s outlook on his latest acquisition, GoFore, and why he likes IT consulting. 56:59 - Evolution Ab’s competitive advantage and growth forecast. 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, Kyle, and the other community members. Jenga Investment Partners (IP) Global Outperformers. Learn more about Jenga Investment Partners here. Read Jenga IP’s detailed research here. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Wise NetSuite NDTCO Shopify TurboTax Babbel Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/4/202456 minutes, 26 seconds
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TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q1 2024. This quarter, they discuss Evolution AB. Evolution AB is well-known in the world of quality investors. The stock has compounded by over 60% per year over the past 5 years and seems to have a long runway for growth ahead. Clay and Kyle give an overview of why they own the stock and why they like the company's long-term prospects.  Disclaimer: At the time of recording, Clay and Kyle both own shares in Evolution AB. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 06:44 - Resources Kyle found most helpful in initially researching Evolution AB. 06:48 - What Evolution’s business model is and how they make money. 17:15 - How the quantitative metrics look for Evolution. 28:40 - The massive tailwinds at play in their industry. 33:21 - The difference between a regulated and unregulated market. 38:12 - What geographies Evolution has the largest presence in. 42:45 - What the competitive landscape looks like. 46:18 - How Evolution has been able to continue growing and withstand competition despite the high returns they’ve achieved for many years. 49:24 - An overview of Evolution’s management team and recent acquisitions. 64:23 - How Kyle thinks about the valuation. 70:05 - The most important KPIs to track for Evolution. 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, Kyle, and the other community members. Alta Fox Research. An expert analyst on Evolution: Ali Gündüz. Shree Viswanathan’s recent letter which discussed Evolution. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve. | YouTube Video. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Wise NetSuite NDTCO Shopify TurboTax Babbel Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/2/20241 hour, 18 minutes, 36 seconds
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BTC167: How Decentralized is Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)

Dive into the world of Bitcoin mining with expert Harry Sudock. This episode unpacks the complexities of on-chain fee management and the intricacies of over-the-counter transactions on the blockchain. Sudock provides unique insights into the operational strategies of miners, revealing the unseen mechanisms that support blockchain efficiency and stability. An enlightening discussion for anyone interested in the behind-the-scenes of Bitcoin. IN THIS EPISODE YOU’LL LEARN: The role of miners in managing high on-chain fees in the Bitcoin network. Strategies used by miners to handle fluctuations in transaction fees. How over-the-counter (OTC) transactions are integrated into the blockchain. Insights into the unseen economic aspects of blockchain transactions. The operational challenges faced by miners in the current Bitcoin ecosystem. The impact of on-chain fees on the overall efficiency of the blockchain. The relationship between miners and the broader financial aspects of Bitcoin. Expert views on the future trends and developments in Bitcoin mining. BOOKS AND RESOURCES Harry Sudock’s Twitter. Bitcoin Park's Twitter. Griid’s Website. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Wise NetSuite NDTCO Shopify TurboTax Babbel Fundrise Vacasa Learn more about your ad choices. Visit megaphone.fm/adchoices
1/31/20241 hour, 1 minute, 54 seconds
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TIP603: Richer, Wiser, Happier, Q1 2024 w/ Stig Brodersen & William Green

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 quarter. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:26 - What we can learn from the greatest investors about being authentic  16:40 - How to stay true to yourself 25:55 - How we change throughout the stages of our lives 43:44 - If principles are truly timeless 1:00:52 - What William learned recently about Charlie Munger’s kindness 1:11:54 - Why we want to take a simple idea and take it very seriously  1:23:59 - The challenges of the three phases in life 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, Kyle, and the other community members. William Green’s book Richer, Wiser, Happier – read reviews of this book. William Green’s book, The Great Minds of Investing – read reviews of this book. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q3 2023 | YouTube Video. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q2 2023 | YouTube Video. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2023 | YouTube Video. Stig Brodersen and William Green’s episode on Money and Happiness | YouTube Video. William Green’s interview with Daniel Goleman & Tsoknyi Rinpoche | YouTube Video. William Green’s interview with Michael Berg about Abundance | YouTube Video. William Green’s interview with Pico Iyer about being Beyond Rich | YouTube Video. William Green’s interview with Rick Rieder about managing 2.6 Trillion dollars | YouTube Video. William Green’s interview with Berkshire Hathaway Director Chris Davis | YouTube Video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Linkedin Marketing Solutions Wise Babbel Shopify Fundrise NDTCO TurboTax Fidelity Monetary Metals Vacasa BiOptimizers – Nootopia HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/28/20242 hours, 12 minutes, 29 seconds
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TIP602: Same as Ever w/ Morgan Housel

On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, Same as Ever, and uncover the key themes in financial history that have never changed. Morgan Housel is a partner at The Collaborative Fund. He’s the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:34 - The key themes that seem to never change throughout history. 04:37 - Why the world is much more fragile than we’re led to believe. 09:04 - Why the biggest risk is the one you don’t see coming.  24:49 - The true power of exceptional storytelling. 23:28 - The importance of thinking probabilistically. 27:00 - Why every stock valuation is a number from today multiplied by a story about tomorrow. 27:32 - Why successful stock picking is about so much more than the numbers. 29:22 - Why market extremes such as the meme stock craze are not unnatural, and they should actually be expected. 32:19 - Morgan’s investment approach. 38:21 - Why most investor’s biggest advantage is patience. 41:31 - Why most competitive advantages eventually die. 51:33 - How the world’s most successful people utilize inefficiency and slack to achieve more. 55:43 - Why Morgan writes for an audience of one. 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, Kyle, and the other community members. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Morgan’s book: Same as Ever and The Psychology of Money. Morgan’s Podcast. Related Episode: TIP351: The Psychology of Money w/ Morgan Housel | YouTube video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Linkedin Marketing Solutions Wise Babbel Shopify Fundrise NDTCO TurboTax Fidelity Monetary Metals Vacasa BiOptimizers – Nootopia HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
1/26/202454 minutes, 22 seconds
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BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)

Join us in this insightful episode where Caitlin Long of Custodia Bank and Wes Knobel delve into the innovative non-fractional reserve system, the challenges faced with the Federal Reserve, and the dynamic world of cryptocurrency banking. They discuss Custodia's unique approach, its role in the post-Silicon Valley bank crisis landscape, and the evolving challenges and opportunities in cryptocurrency custodianship. This conversation offers a deep dive into the intersection of traditional banking, regulatory environments, and the growing influence of digital assets. IN THIS EPISODE YOU’LL LEARN: How Custodia Bank is redefining traditional banking practices. The significance of Custodia's approach to customer deposits. Insights into the Federal Reserve's decision-making process. The implications of non-participation in fractional reserve banking. Caitlin Long's expertise in banking risks and legacy systems. Wes Knobel's perspective on financial innovation and regulation. The recent SEC approval of Bitcoin ETFs and its impact. The potential government intervention in cryptocurrency holdings. The importance of state laws in protecting digital assets. Predictions for the future of banking in the era of digital currencies. BOOKS AND RESOURCES Links to Custodia Bank. Caitlin Long’s X account. Link’s to the lawsuit with the Federal Reserve Bank, Document 1 & Document 2. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Linkedin Marketing Solutions Wise Babbel Shopify Fundrise NDTCO TurboTax Fidelity Monetary Metals Vacasa BiOptimizers - Nootopia Learn more about your ad choices. Visit megaphone.fm/adchoices
1/24/20241 hour, 10 minutes, 2 seconds
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RWH040: Go Global w/ Laura Geritz

In this episode, William Green chats with Laura Geritz, founder of Rondure Global Advisors, which scours the globe in search of high-quality companies trading at attractive prices in places like India, China, Japan, Thailand, Taiwan, Turkey, Brazil, & Mexico. Here, Laura makes the case for allocating more money to undervalued stocks outside the US. She also discusses her unusual lifestyle, which is built around relentless travel, voracious reading, & abundant time to think. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 08:15 - How Laura Geritz earned the nickname “Money Bags.” 09:41 - How she broke into the investment industry by living in Japan. 12:55 - How she was shaped by the frugal, unflashy culture of rural Kansas. 22:57 - What she learned from her mentor & partner, Robert Gardiner. 30:14 - Why so many talented women quit the investment business. 36:54 - Why she believes many investors are taking too much risk. 38:56 - Why foreign stocks may be overdue for a powerful rebound. 41:20 - How she weighs the risks & rewards of Chinese stocks. 52:26 - How she screens 70,000 stocks to identify great businesses. 1:03:36 - What foreign investors don’t understand about Japanese companies. 1:11:51 - How to become a continuous learning machine. 1:25:38 - How Laura handles adversity when her investing style is out of favor. 1:32:06 - Why she maintains a remarkably uncluttered calendar. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Laura Geritz’s investment firm, Rondure Global Advisors. Graham Greene’s book The Quiet American. Yasunari Kawabata’s book Snow Country. Michael Pollan’s book A Place of My Own. Rolf Potts’ book Vagabonding. Pico Iyer’s book The Half-Known Life. William Green’s podcast interview with Pico Iyer | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter). Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Linkedin Marketing Solutions NetSuite Fidelity Shopify Toyota TurboTax Babbel American Express Business Gold Card Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/21/20242 hours, 3 minutes, 50 seconds
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TIP601: Junk to Gold by Billionaire Willis Johnson

On today’s episode, Clay shares his biggest takeaways from reading billionaire Willis Johnson’s book – Junk to Gold. Willis Johnson founded Copart in 1982, and today he is worth over $2.6 billion through his equity ownership in the company.  Copart is one of the most impressive businesses we’ve studied. Over the past 30 years, the stock has compounded at over 21% per year, outperforming Microsoft, Adobe, and the majority of other stocks. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 08:15 - The key experiences in Willis Johnson’s early life that shaped him. 12:18 - How Willis thought about money and building a business. 14:44 - Willis’s experience fighting in the Vietnam War. 24:51 - What he learned from chasing his dreams and building a successful company.  42:08 - The story of Jay Adair dropping out of college to work with Copart. 45:24 - How Willis sold Wall Street on lending him money to grow and take his company public. 52:01 - What sets Copart apart from the majority of other companies that exist. 54:19 - How Copart strategically utilized technology to grow its business. 01:14:09 - Copart’s four major competitive advantages. 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, Kyle, and the other community members. Leandro’s blog: Best Anchor Stocks. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Episode Mentioned: TIP593: Elon Musk by Walter Isaacson | YouTube Video. Episode Mentioned: TIP549: 2 High-Quality Compounders | YouTube Video. Follow Clay on Twitter. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Linkedin Marketing Solutions NetSuite Fidelity Shopify Toyota TurboTax Babbel American Express Business Gold Card Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
1/19/20241 hour, 24 minutes, 24 seconds
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BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)

Dive into Bitcoin's 2024 technical landscape with NVK. We dissect the impact of covenants and CheckTemplateVerify (CTV) on smart contracting and scalability, analyze OP_RETURN's usage, and evaluate the Lightning Network's potential for scaling. We also ponder Layer 2's self-custody significance, tackle block spam concerns with node filters, and delve into transaction developments brought by SegWit and Taproot. Additionally, we discuss BRC20 implications and assess the Mempool's health score. IN THIS EPISODE YOU’LL LEARN: The technical intricacies and implications of implementing covenants in Bitcoin. How CheckTemplateVerify (CTV) could revolutionize smart contracting and enhance Bitcoin's scalability. The role and impact of OP_RETURN in Bitcoin transactions. Challenges and opportunities in scaling the Lightning Network. The importance of self-custody in Bitcoin's Layer 2 solutions. The advancements in transaction structures and efficiency brought by the Taproot update. Insights into the potential and challenges of BRC20 tokens or standards on the Bitcoin network. An understanding of the Mempool health score and what it indicates about the Bitcoin network's efficiency and congestion. BOOKS AND RESOURCES Link to NVK’s Cold Card Hardware wallet. Link to NVK’s AI website. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Linkedin Marketing Solutions NetSuite Fidelity Shopify Toyota TurboTax Babbel American Express Business Gold Card Fundrise Vacasa Learn more about your ad choices. Visit megaphone.fm/adchoices
1/17/202458 minutes, 46 seconds
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TIP600 - Business Durability and Strategy Masterclass with Hamilton Helmer

On today’s episode, Kyle talks to Hamilton Helmer about the power of being an educator and how it’s helped him improve at strategy and investing, the differences between power and operational excellence, how he formulated his 7 powers, a deep dive into all 7 powers, updated case studies of some of the powers, why barriers are so important when benefits are much easier to find. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:41 - How Hamilton uses his knowledge of strategic consulting to invest in companies with durable competitive advantages. 01:52 - How Joseph Schumpeter has helped shape Hamilton’s strategy on entrepreneurship. 14:00 - Traits of earlier stage businesses with potential for power. 20:25 - How to observe the power of a brand to ensure its advantage isn’t being eaten away. 24:02 - How businesses with switching costs power can keep customers happy while increasing prices. 24:12 - Hamilton’s personal story of the power of Apple’s brand and switching costs. 29:12 - The distinction between power and strategy. 30:46 - The power of cornered resources. 32:50 - Why algorithms are not a cornered resource. 38:01 - Changes in capital availability for private businesses. And so much more! 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, Kyle, and the other community members. Check out Hamilton’s book 7 Powers: The Foundations of Business Strategy (Affiliate link). Learn more about Strategy Capital. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Salesforce Glengoyne Whisky BiOptimizers - Nootopia Wise Percent Shopify Fidelity Fundrise Vacasa TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/14/202444 minutes, 40 seconds
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TIP599: Top Stocks for 2024 w/ Jonathan Boyar

On today’s episode, Clay is joined by Jonathan Boyar. They discuss his firm’s most recent release of The Forgotten Forty, which outlines their 40 best stock ideas for 2024. Jonathan Boyar is president of Boyar’s Intrinsic Value Research, an independent equity research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds, and family offices as subscribers. He is also a principal of Boyar Asset Management, which has been managing money utilizing a value-oriented strategy since 1983.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:45 - How a company makes the list of the Forgotten Forty. 09:52 - Potential catalysts Jonathan looks for in his investments. 14:30 - Why Uber remained on the Forgotten Forty list after being the list’s top performer in 2023. 21:58 - Jonathan’s thoughts on the underperformance of small-cap stocks since 2015. 28:04 - An overview of Interactive Brokers stock. 39:22 - Why Bill Ackman has taken a massive stake in Howard Hughes. 50:26 - Why Jonathan likes Madison Square Garden Sports Corporation. 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. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Boyar Research’s Forgotten Forty. Boyar Research’s Substack. Books mentioned: 100 Baggers by Chris Mayer. Related Episode: TIP518: The Buy List for 2023 w/ Eddy Elfenbein | YouTube video. Check out all the books mentioned and discussed in our podcast episodes here. Follow Jonathan on Twitter. Follow Clay on Twitter. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Salesforce Glengoyne Whisky BiOptimizers – Nootopia Wise Percent Shopify Fidelity Fundrise Vacasa TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/12/202451 minutes, 55 seconds
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BTC164: Bitcoin & Real Estate w/ Leon Wankum

In this insightful episode, real estate expert Leon Wankum delves into the evolving landscape of asset investments. We discuss how Bitcoin could redefine real estate's value, comparing traditional and digital asset strategies. Leon shares his thoughts on Bitcoin's influence on property prices, its role as a new monetary standard, and potential shifts in real estate financing. A must-listen for anyone interested in the intersection of Bitcoin and real estate. IN THIS EPISODE YOU’LL LEARN: The potential of Bitcoin as a new monetary unit of account. How Bitcoin compares with real estate as a store of value. The impact of Bitcoin on the monetary premium of real estate. The effect of Bitcoin's growth on global real estate markets. Reasons why real estate investors should consider Bitcoin. Specific Bitcoin investment strategies for real estate investors. Changes in real estate financing due to Bitcoin integration. The future of real estate development in a Bitcoin-centric economy. Balancing Bitcoin's volatility against real estate's stability. Regulatory and market adaptations required for a Bitcoin standard in real estate. BOOKS AND RESOURCES Leon Wankum’s Twitter. Leon Wankum’s Newsletter. Leon’s webpage where you can learn more about him. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Salesforce Glengoyne Whisky BiOptimizers - Nootopia Wise Percent Shopify Fidelity Fundrise Vacasa TurboTax Learn more about your ad choices. Visit megaphone.fm/adchoices
1/10/202455 minutes, 3 seconds
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RWH039: Optimal Performance w/ Daniel Goleman

In this episode, William Green brings back Daniel Goleman, author of “Emotional Intelligence,” an iconic book that’s sold over 5 million copies. Here, Dan talks about his new book, “Optimal: How to Sustain Personal & Organizational Excellence Every Day.” He explains how to master the skills of emotional intelligence to become more productive, more effective, calmer, & happier.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:55 - Why Daniel Goleman seeks sustainable excellence, not a “flow” state. 10:44 - How Peter Lynch illustrates the dangers of driving yourself too hard. 15:54 - Why companies need emotionally intelligent leaders. 17:23 - How to boost creative thinking by allowing yourself time to relax. 32:02 - Why EQ trumps IQ in the professional world. 34:21 - How to enhance the foundational skill of self-awareness. 37:08 - How to become a better listener. 48:39 - What the Dalai Lama told Dan about self-compassion. 49:27 - How emotional self-management enhances decision making. 50:42 - How to recover from stress & avoid burnout. 1:08:50 - How to build focused attention in a wildly distracting world. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Daniel Goleman’s website. Daniel Goleman’s Emotional Intelligence Courses. Optimal by Daniel Goleman & Carey Cherniss. Emotional Intelligence by Daniel Goleman. Altered Traits by Daniel Goleman & Richard Davidson. Emotional Alchemy by Tara Bennett-Goleman. William Green’s 2023 podcast interview with Daniel Goleman & Tsoknyi Rinpoche | YouTube Video. William Green’s 2022 podcast interview with Daniel Goleman | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter) Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Glengoyne Whisky NetSuite Shopify Toyota Babbel Salesforce Fundrise Fidelity Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/7/20241 hour, 49 minutes, 50 seconds
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TIP598: A Tribute to Charlie Munger

On today’s episode, Clay shares a tribute to Charlie Munger since we just crossed what would have been his 100th birthday on January 1st, 2024.  Charlie Munger was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Buffett described Munger as his closest partner and right-hand man. At the time of his death, Munger had an estimated net worth of $2.6 billion.  Charlie has had an enormous impact on the value-investing community, and this episode is dedicated to him to honor his contributions to the community and his worldly wisdom. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:11 - The importance of simplicity in investing and life. 03:17 - The three foundational principles to how Buffett and Munger invest. 08:27 - Why Charlie focused on minimizing standard stupidities to win in life. 14:37 - Munger’s lessons on living a meaningful and fulfilling life. 20:02 - How Munger used his setbacks in life as opportunities to learn and grow as an individual. 23:43 - Munger’s thoughts on the shortcomings of GAAP accounting. 26:23 - The tremendous importance of incentives. 33:26 - How Charlie helped Warren Buffett become a better investor. 42:48 - An overview of Charlie’s investment in Costco and his admiration for the business. 52:12 - The top investment lessons from studying Charlie Munger. 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, Kyle, and the other community members. Check out What I Learned About Investing From Darwin. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. William Green’s podcast interview with Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis. | Youtube Video.  Related Episode - TIP494: The Worldly Wisdom of Charlie Munger | YouTube Video.  Related Episode - TIP571: Charlie Munger & The Psychology of Human Misjudgment. | YouTube Video.  Related Episode - TIP492: The Best Investor You've Never Heard Of (Nick Sleep) | YouTube Video.  Related Episode - TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer. | YouTube Video.  Follow Clay on Twitter. Check out the books mentioned in the podcast here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Glengoyne Whisky NetSuite Shopify Toyota Babbel Salesforce Fundrise Fidelity Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/5/202451 minutes, 44 seconds
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We Study Billionaires by The Investor's Podcast Network (Trailer)

We Study Billionaires podcast, hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve, is the flagship podcast of The Investor’s Podcast Network, with more than 100 Million downloads. On the show, they interview and study famous financial billionaires including Warren Buffett, Charlie Munger, Howard Marks, and Bill Gates, and they teach you what they learn and how you can apply their investment strategies in the stock market. Leverage the lessons we learned from studying billionaires and apply them in your own investing journey. Listen to our weekly episodes below. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/3/20241 minute, 21 seconds
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BTC163: A Bitcoin HVAC & Hot Water System in the House w/ Michael Schmid (Bitcoin Podcast)

In this insightful episode, we dive into the dual role of Bitcoin mining rigs in both generating cryptocurrency and heating water at home. Our guest, a skilled Bitcoin engineer, shares the technical nuances and environmental considerations of his unique setup. The conversation also analyzes the strategic consequences of the Red Sea conflict, discussing its profound effects on international trade, maritime security, and the stability of the US dollar in global finance. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:27 - An analysis of the Red Sea's role in global trade and its geopolitical significance. 01:27 - How the conflict in the Red Sea region affects international maritime trade and shipping routes. 01:27 - Discussion on the influence of the Red Sea conflict on the stability and dominance of the US dollar. 01:27 - Insights into the broader implications of maritime security issues on global trade. 01:27 - Understanding the complex interplay between geopolitical events and their impact on global trade dynamics. 14:54 - How Bitcoin mining can be integrated with domestic heating systems, particularly for water heating. 14:54 - Understanding the environmental considerations and sustainability aspects of using Bitcoin mining rigs. 35:54 - Exploring the potential and challenges of using renewable energy sources for Bitcoin mining. 35:54 - Latest trends and technological advancements in the field of Bitcoin mining. 39:35 - Insights into the technical setup and operation of at-home Bitcoin mining rigs. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Michael Schmid’s Twitter. Michael’s Website: Nakamoto Heating Solutions. 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 better start, manage, and grow your business with the best business podcasts. Check out all the books mentioned and discussed in our podcasts here.  SPONSORS Support our free podcast by supporting our sponsors: River Glengoyne Whisky NetSuite Shopify Toyota Babbel Salesforce Fundrise Fidelity Vacasa Learn more about your ad choices. Visit megaphone.fm/adchoices
1/3/20241 hour, 4 minutes, 35 seconds
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TIP597: Darwin's Investing Lessons w/ Kyle Grieve

On today’s episode, Kyle shares the lessons he learned from reading What I Learned About Investing From Darwin by Pulak Prasad.  The book is authored by Pulak Prasad, an investor out of India who helps run Nalanda Capital. From 2007 to 2022, they compounded their capital at 19% per annum turning 1 rupee into 13.8 rupees during that time sample!! But more important than their track record is the unique ways they run their fund. The book illuminates 3 key principles that Nalanda uses for its investing framework:  1. Avoid big risks. 2. Buy high-quality at a fair price. 3. Don’t be lazy – be very lazy. To help readers understand why he invests this way he dives deep into many of Darwin’s principles to help you understand their potential power in investing. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 20:26 - What a cheetah can teach you about risk 24:33 - Why you should be more focused on risk than returns 25:40 - How things in nature and investing mostly stay the same 27:42 - Some interesting data on why great companies remain great, and poor companies remain mediocre 28:29 - What a Russian scientist can teach us about the power of focusing on one investing metric to help identify wonderful businesses 34:58 - The importance of robustness in nature, and why you should search for the same attribute in business 37:00 - How to identify businesses that can evolve in a fast-changing world and remain on top 43:01 - What guppies can teach us about honest and dishonest signaling 46:06 - Why we should prioritize the past over making bold predictions 48:11 - How to invest without ever doing a discounted cash flow ever again 51:05 - What bear teeth and finches can teach us about the importance of avoiding noise 55:20 - How to use the presence of noise as an opportunity to outperform 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, Kyle, and the other community members. Check out What I Learned About Investing From Darwin. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out the books mentioned in the podcast here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Glengoyne Whisky NetSuite Shopify Toyota Babbel Salesforce Fundrise Fidelity Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
1/2/20241 hour, 6 minutes, 33 seconds
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TIP596: Building Wealth Through High-Quality Stocks w/ Stig Brodersen and Clay Finck

On today’s show, Stig Brodersen talks with co-host Clay Finck. They outline how and why you should invest in high-quality businesses. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:43 - How to identify the best businesses 06:00 - Why you need to focus on barriers of entry when assessing a stock 06:44 - Why competition is for losers 18:28 - When management is important and not important in high-quality investing 23:07 - How you want the management to be compensated 24:41 - Why insider ownership is not only important but even more so how it was acquired.   57:13 - Why you should invest in stocks with two engines  1:03:01 - What is the Berkshire Summit, and how do you attend?  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. Our episode with Christian Billinger about quality investing | YouTube Video. Our episode on The Outsiders about the best CEOs | YouTube Video. Our episode about Dino Polska. A compounder with high insider ownership | YouTube Video. Chris Mayer’s book, 100-baggers - read reviews of this book. Lawrence Cunningham’s book, Quality Investing - read reviews of this book. Robert Pirsig’s book, Zen and the Art of Motorcycle Maintenance - read reviews of this book. Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Efani Salesforce Toyota Vanta Babbel Shopify Notion AI NetSuite Noble Gold Investments Ka'Chava HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
12/31/20231 hour, 22 minutes, 53 seconds
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TIP595: Stock Market History & The AI Bubble w/ Jamie Catherwood

On today’s episode, Clay is joined by financial history expert, Jamie Catherwood, to discuss market forecasting, interest rates, and the efficiency of markets from a historical perspective. Jamie Catherwood is a Client Portfolio Specialist at O'Shaughnessy Asset Management and also the author of the popular blog, Investor Amnesia. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:35 - Why we shouldn’t try to make market forecasts. 04:56 - Psychological biases that play into why investors are prone to forecast markets. 08:47 - How we can determine which market forecasts are worth putting weight on. 17:10 - Jamie’s thoughts on the AI craze of 2023. 25:52 - Jamie’s take on where interest rates may head from here. 30:23 - Broader consequences of zero percent interest rates and loose monetary policy. 33:59 - Historical examples of governments restructuring their debt. 40:47 - How investor access to information has impacted the efficiency of markets. 47:53 - Jamie’s favorite book from 2023. 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. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode: TIP505: The Price of Time w/ Edward Chancellor | Youtube Video. Jamie’s blog: Investor Amnesia. Jamie’s Sunday Reads Blog. Marc Andreeson’s article: Why Software Is Eating the World. Books mentioned: Seeking Wisdom by Peter Bevelin, Confusion de Confusiones by Josef De La Vega, The Price of Time by Edward Chancellor, and Taming the Street by Diana B. Henriques. Follow Jamie on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Efani Salesforce Toyota Vanta Babbel Shopify Notion AI NetSuite Noble Gold Investments Ka'Chava HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
12/29/202356 minutes, 27 seconds
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BTC162: The Free Speech Solution - Primal's Miljan Braticevic (Bitcoin Podcast)

In the podcast 'The Free Speech Solution' with Miljan Braticevic, we explore Nostr's role in free speech and its unique aspects. The discussion covers why Nostr is pivotal, its ecosystem, and Primal's user-focused approach, featuring an integrated wallet and open-source stack. Key topics include Zaps, reshaping content publishing, content moderation in open networks, Primal Wallet's innovations, and partnerships. Insights into Nostr's current technical challenges and entrepreneurial lessons, along with future prospects for both Nostr and Primal, are also highlighted. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:59 - The Fundamentals of Nostr: Understand what Nostr is and why it's essential for free speech and decentralization. 01:59 - Technical Hurdles in Nostr Development: Gain insight into the major technical challenges currently faced in the development of Nostr. 28:54 - Primal's User-Centric Approach: Learn about Primal's focus on optimizing user experience, onboarding, and performance. 35:01 - Integration of Wallet in Primal: Insights into the integrated wallet feature and its significance for users. 35:12 - Unique Features of Nostr: Discover what sets Nostr apart from other protocols and why it's considered a game-changer. 35:12 - The Role of Zaps in Nostr: Explore how Zaps are fundamental to Nostr and their potential to reshape content publishing and the web. 37:12 - Innovations in Primal Wallet: Learn about the unique features of the Primal Wallet, including its Bitcoin address system and partnership with Strike. 38:19 - Entrepreneurial Lessons and Future Visions: Hear about key learnings as an entrepreneur and the future roadmap for Nostr and Primal. 01:00:47 - Open Sourcing in Primal: Understand Primal's commitment to open sourcing their entire stack and its impact. 01:00:47 - Challenges of Content Moderation: Delve into the complexities of moderating content on a radically open network like Nostr. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Try out the Primal App on Nostr. Miljan’s Nostr Account. Preston’s Nostr Account. 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 better start, manage, and grow your business with the best business podcasts. Check out all the books mentioned and discussed in our podcasts here.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Salesforce Toyota Vanta Babbel Shopify Notion AI NetSuite Noble Gold Investments Ka'Chava Learn more about your ad choices. Visit megaphone.fm/adchoices
12/27/20231 hour, 9 minutes, 27 seconds
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RWH038: The $2.6 Trillion Man w/ Rick Rieder

In this rare, in-depth interview, William Green chats with super investor Rick Rieder, who oversees about $2.6 trillion at BlackRock, the world’s largest asset manager. Rick, who probably manages more money than any other investor on Earth, has an enormous range of responsibilities: he’s BlackRock’s chief investment officer of Global Fixed Income, head of the firm’s Global Allocation Investment Team, and chairman of the firm-wide BlackRock investment council. A true titan of the investing world, he recently won Morningstar’s 2023 award for Outstanding Portfolio Manager. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 05:57 - What Rick Rieder learned from a disastrous early investment. 24:43 - Why he focuses relentlessly on leverage, liquidity, & cashflow. 40:13 - How access to vast amounts of data gives him an edge. 43:27 - How he distinguishes meaningful news from meaningless noise. 49:13 - Why he gets grumpy in bull markets & relishes periods of dislocation. 55:49 - What great investors like Ray Dalio & David Tepper have in common. 57:46 - How Rick views the current economic outlook. 1:03:16 - How to take advantage of the “incredible blessing” of high bond yields. 1:13:31 - How he operates on 4 ½ hours of sleep. 1:16:00 - Why he loves to trade in the middle of the night. 1:19:34 - How he handles extreme levels of stress & responsibility.  1:24:40 - How he’s maintained a happy family life, despite a fanatical work ethic. 1:30:36 - Why his hero is Cal Ripken, the Iron Man of baseball. 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. Rick Rieder’s article on “The Fixed Income Opportunity for 2024”. Rick Rieder’s Strategic Income Opportunities Fund. Rick Rieder’s Total Return Fund. Follow Rick Rieder on X (AKA Twitter). William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. William Green’s podcast interview with Ray Dalio | YouTube video. Follow William Green on X (AKA Twitter). Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise NetSuite American Express Business Gold Card Toyota Ka'Chava Babbel Glengoyne Whisky Efani Noble Gold Investments Salesforce Vanta Alto Shopify Masterclass HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
12/24/20231 hour, 48 minutes, 58 seconds
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TIP594: Contrarian Investing & Sir John Templeton w/ Scott Phillips

On today’s episode, Clay is joined by Scott Phillips to discuss how to invest during times of max pessimism. Scott is married to and manages money with Lauren Templeton, who is Sir John Templeton’s great-niece. Sir John was one of the greatest international investors of the 20th century and the master of finding pockets of the market that were most distressed and offered the highest level of asymmetric returns. Scott Phillips is a Principal and Chief Investment Officer at Templeton and Phillips Capital Management, LLC. Mr. Phillips also serves as a Managing Member to the Templeton and Phillips Partners Fund, LLC. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 03:02 - What helped Sir John Templeton think independently and have the courage to stray from the crowd. 10:01 - Sir John’s lessons living through the Great Depression. 15:24 - How Scott works to teach his children the values around money that Templeton embodied. 22:20 - The investment lessons that Scott learned from studying the career of Templeton. 35:09 - The three ways to generate excess returns in the markets. 43:48 - How Scott’s fund capitalized on the market panic in March 2020. 49:25 - Areas of the market Scott deems to be significantly undervalued. 56:30 - Why US investors should consider diversifying away from the dollar. 56:48 - Scott’s current thoughts on investing in China. 01:10:27 - How Scott thinks about shorting the occasional bubble in the market. 01:18:21 - Scott’s thoughts on continuing to be optimistic about the future. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out Templeton & Phillips Capital Management. Scott’s books: Investing the Templeton Way, The Templeton Touch, & Buying at the Point of Maximum Pessimism. Sir John Templeton’s book: The Templeton Plan. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode:TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise NetSuite American Express Business Gold Card Toyota Ka’Chava Babbel Glengoyne Whisky Efani Noble Gold Investments Salesforce Vanta Alto Shopify Masterclass HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
12/22/20231 hour, 21 minutes, 24 seconds
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BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)

Preston Pysh sits down with Bitcoin Mechanic to discuss Ocean's disruptive mining pool model, emphasizing non-custodial payments and transparent block templates. They tackle the current mining centralization trend, the innovative PoW marketplace for 2024, and respond to the controversy around the alleged censorship of certain Bitcoin transactions. IN THIS EPISODE, YOU’LL LEARN: Ocean's unique non-custodial payment system for miners. The significance of transparent block templates in mining. Details of Ocean's upcoming proof of work (PoW) marketplace. The impact of miners constructing their own block templates. The arguments for and against transaction censorship in Bitcoin. The role of centralization in the current Bitcoin mining ecosystem. Ocean's response to the community's concerns about transaction selection. Insights into the potential future of Bitcoin mining and network security. BOOKS AND RESOURCES Checkout Ocean mining pool at ocean.xyz. Bitcoin Mechanic on Twitter. 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 better start, manage, and grow your business with the best business podcasts. Check out all the books mentioned and discussed in our podcasts here.  SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise NetSuite American Express Business Gold Card Toyota Ka'Chava Babbel Glengoyne Whisky Efani Noble Gold Investments Salesforce Vanta Alto Shopify Masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
12/20/20231 hour, 32 minutes, 37 seconds
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TIP593: Elon Musk by Walter Isaacson

On today’s episode, Clay shares the lessons he learned from reading Elon Musk by Walter Isaacson.  As our audience knows, Elon is, financially speaking, one of the world’s most successful individuals as Forbes has his net worth estimated at $248 billion, making him the richest individual on the planet. 25 years ago, Elon was making his mark in Silicon Valley in the early days of PayPal, and today he is launching dozens of rockets into orbit, taking the lead in the world’s transition to electric vehicles, actively working to stay on top of the world of AI, and has taken over one of the world’s largest social networks in Twitter, now known as X. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 03:48 - The highlights of Elon Musk’s childhood and upbringing in South Africa. 07:03 - The key themes Clay found in Elon’s life. 07:40 - Peter Theil’s key insight in working with Elon. 10:01 - How Elon and Kimbal made their way to the United States. 13:34 - The three fields Musk found in college that he decided he wanted to commit his life to. 15:25 - The early businesses that Elon and Kimbal Musk started in the 90s. 16:58 - What led Elon to join forces with Peter Thiel and create PayPal. 22:29 - The beginnings of SpaceX. 24:26 - The early key decisions within Tesla. 29:35 - Business tactics Elon Musk used that were similar to Steve Jobs. 29:57 - Elon’s master plan for Tesla. 32:44 - What made the great financial crisis one of the most troubling periods of Elon’s career. 53:14 - How Elon got interested in artificial intelligence. 58:58 - How Tesla made it through what Musk called “Production Hell.” 01:11:33 - The backstory of the Cybertruck, Starlink, & Optimus. 01:30:04 - The story of Elon’s takeover of Twitter.  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. Check out Elon Musk by Walter Isaacson. Book Mentioned: The Hitchhiker’s Guide to the Galaxy. Learn more about Tesla’s developments in artificial intelligence. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode: TIP417: The Incredible Story of the PayPal Mafia w/ Jimmy Soni or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Shopify Vanta Alto NetSuite AlphaSense Toyota American Express Business Gold Card Babbel Percent Salesforce Monetary Metals Efani Ka’Chava Wise Glengoyne Whisky HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices
12/17/20231 hour, 57 minutes, 18 seconds
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BTC160: The Hidden Cost of Money w/ Seb Bunney

In a deep dive with Seb Bunney, author of "The Hidden Cost of Money," we explore the intricate impact of monetary systems on society. From historical interventions shaping finance to money's influence on mental health and politics, Bunney challenges mainstream views on capitalism and regulation, revealing how money shapes our world. Tune in for a thought-provoking journey through economic realities. IN THIS EPISODE, YOU’LL LEARN: Discover how historical interventions have drastically shaped our current financial system. Learn about the hidden costs of monetary intervention, including its impact on purchasing power. Understand the 'Four Stages of Economic Ruin' and see real-world examples of each stage. Explore how our monetary system influences individual and collective behavior and the concept of monetary sovereignty. Gain insight into the connection between economic instability and mental health, and how a stable monetary system can improve mental health outcomes. Uncover the societal consequences of monetary choices, focusing on inequality and social cohesion. Learn about the extent of monetary system's influence on government policy and political behavior, and the ways to address money's corruption in politics. BOOKS AND RESOURCES Seb’s Website and book: The Hidden Cost of Money. Related episode: Listen to BTC080: Macro and Bitcoin Education w/ Greg Foss, James Lavish, Jason Sansone, & Seb Bunney, or watch the video. 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 better start, manage, and grow your business with the best business podcasts. Check out all the books mentioned and discussed in our podcasts here.  SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise American Express Business Gold Card Shopify Toyota Ka'Chava Glengoyne Whisky Babbel Alto Linkedin Marketing Solutions Noble Gold Investments Vanta Efani Monetary Metals Salesforce Notion AI
12/13/20231 hour, 11 minutes, 35 seconds
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RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

In this special tribute, William Green celebrates the life & legacy of investing legend Charlie Munger. He shares personal anecdotes about his own interactions with Charlie & showcases an array of rich insights about Charlie from four famed investors: Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis. They share some of Charlie’s most valuable lessons about investing, business, & life while also conveying what made him such an inspiring & idiosyncratic character. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro What it was like for William Green to interview Charlie Munger. What William learned from Charlie about trying to be less stupid. How Charlie’s friendship changed Mohnish Pabrai’s life. What was distinctive about Charlie’s reading habits. How his hard, brusque exterior concealed a soft, sensitive interior. Why it’s a huge competitive advantage to be trustworthy. How Warren Buffett & Charlie Munger surpassed General Electric.  Why it’s invaluable to have a partner who challenges your beliefs. What Charlie taught Chris Davis about how to learn from our mistakes. How to succeed by structuring your life to avoid your weaknesses.  How Charlie was different from Warren. 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. Poor Charlie’s Almanack by Charles T. Munger & Peter D. Kaufman  Listen to William Green’s podcast interview with Mohnish Pabrai or watch the video. Tune in to William Green’s podcast interview with Tom Gayner or watch the video. Listen to William Green’s podcast interview with Chris Davis or watch the video. Tune in to William Green’s podcast interview with Joel Greenblatt or watch the video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book Follow William Green on X (AKA Twitter) Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise American Express Business Gold Card Shopify Toyota Ka’Chava Glengoyne Whisky Babbel Alto Linkedin Marketing Solutions Noble Gold Investments Vanta Efani Monetary Metals Salesforce Notion AI HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
12/9/20232 hours, 6 minutes, 25 seconds
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TIP592: Outperforming the Market since 1998 w/ Andrew Brenton

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 businesses. 36:56 - An investment case study of Automation Tooling Systems. 44:25 - How Andrew determined that 25-30 companies in the portfolio is the right amount. 56:53 - What led Turtle Creek to set up a synthetic private equity fund. 01:02:02 - The story of Turtle Creek being the largest shareholder of Home Capital Group prior to Berkshire Hathaway taking a major stake. 01:07:20 - How continuous improvement has played a role in Turtle Creek’s success. 01:13:01 - What’s next for Turtle Creek in the next 25 years. 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. Check out Turtle Creek Asset Management. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode:TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise American Express Business Gold Card Shopify Toyota Ka’Chava Glengoyne Whisky Babbel Alto Linkedin Marketing Solutions Noble Gold Investments Vanta Efani Monetary Metals Salesforce Notion AI HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
12/8/20231 hour, 21 minutes, 20 seconds
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BTC159: Binance, GBTC, FinCEN and More w/ Joe Carlesare & Hodl (Bitcoin Podcast)

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 better start, manage, and grow your business with the best business podcasts. Check out all the books mentioned and discussed in our podcasts here. 
12/6/20231 hour, 28 minutes, 35 seconds
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TIP591: Currencies and Debt w/ Lyn Alden

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 here  Our interview with Lyn Alden about her book, Broken Money Our interview with Lyn Alden about How the Fed Went Broke Our interview with Lyn Alden about Macro and the Energy Market Our interview with Lyn Alden about Money Our interview with Lyn Alden about Gold and Commodities  Lyn Alden's free website 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Noble Gold Investments Wise American Express Business Gold Card Shopify Ka’Chava Babbel Alto Vanta Salesforce Percent NetSuite Toyota Glengoyne Whisky Monetary Metals HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
12/3/20231 hour, 14 minutes, 20 seconds
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TIP590: Lifelong Learning w/ Jim Kwik

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 is belief-driven.12:56 - The number one asset we have to achieve anything we desire.16:15 - The framework Jim uses to stay motivated.20:57 - Arnold Schwarzenegger’s advice to Jim on what it takes to be the best in your field.29:53 - How a strong sense of purpose can help anchor us in thinking long-term.32:48 - How we can reach the flow state.37:13 - Ways in which we can improve our focus and concentration.43:03 - Why great questions will lead us to the answers we need.50:58 - The mental benefits of a reading habit.55:32 - Why it’s oftentimes better to read a book rather than listen to an audiobook.59:09 - How you can increase reading retention.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Jim’s Book: Limitless.Jim’s Podcast: Kwik Brain.Find out your brain type here.Jay Papasan’s book: The One Thing.Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Episode: TIP494: The Worldly Wisdom of Charlie Munger or watch the video.Related Episode: TIP571: Charlie Munger and the Psychology of Human Misjudgment or watch the video.Related Episode:TIP464: The Billionaire Coach’s Playbook w/ Matt Spielman or watch the video.Check out all the books mentioned and discussed in our podcast episodes here.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 better start, manage, and grow your business with the best business podcasts.SPONSORSSupport our free podcast by supporting our sponsors:RiverAlphaSenseNoble Gold InvestmentsWiseAmerican Express Business Gold CardShopifyKa’ChavaBabbelAltoVantaSalesforcePercentNetSuiteToyotaGlengoyne WhiskyMonetary MetalsHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
12/1/20231 hour, 3 minutes, 21 seconds
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TIP590: Lifelong Learning w/ Jim Kwik

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 anything we desire. 13:16 - The framework Jim uses to stay motivated. 17:45 - Arnold Schwarzenegger’s advice to Jim on what it takes to be the best in your field. 26:46 - How a strong sense of purpose can help anchor us in thinking long-term. 29:49 - How we can reach the flow state. 34:24 - Ways in which we can improve our focus and concentration. 36:43 - Why great questions will lead us to the answers we need. 47:43 - The mental benefits of a reading habit. 52:32 - Why it’s oftentimes better to read a book rather than listen to an audiobook. 56:15 - How you can increase reading retention. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jim’s Book: Limitless. Jim’s Podcast: Kwik Brain. Find out your brain type here. Jay Papasan’s book: The One Thing. Check out our TIP Mastermind Community. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode:TIP464: The Billionaire Coach’s Playbook w/ Matt Spielman. or watch the video. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Noble Gold Investments Wise American Express Business Gold Card Shopify Ka'Chava Babbel Alto Vanta Salesforce Percent NetSuite Toyota Glengoyne Whisky Monetary Metals HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
11/30/20231 hour, 3 minutes, 10 seconds
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BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish (Bitcoin Podcast)

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' VC Firm.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSSupport our free podcast by supporting our sponsors:RiverAlphaSenseNoble Gold InvestmentsWiseAmerican Express Business Gold CardShopifyKa'ChavaBabbelAltoVantaSalesforcePercentNetSuiteToyotaGlengoyne WhiskyMonetary MetalsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/29/20231 hour, 3 minutes, 3 seconds
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BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish (Bitcoin Podcast)

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 stock investing discussions with Stig, Clay, and the other community members. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Noble Gold Investments Wise American Express Business Gold Card Shopify Ka'Chava Babbel Alto Vanta Salesforce Percent NetSuite Toyota Glengoyne Whisky Monetary Metals
11/29/20231 hour, 5 minutes, 48 seconds
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TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes

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. 53:44 - The US energy crisis in the 1970s. 58:06 - Companies that perform best during inflationary periods. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Brendan’s book: Markets in Chaos. Brendan’s firm: Lafayette Investments. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode: TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham or watch the video. Connect with Brendan on LinkedIn. Follow Clay on Twitter. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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 better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka’Chava Wise Toyota Shopify
11/26/20231 hour, 1 minute, 44 seconds
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TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes

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.53:44 - The US energy crisis in the 1970s.58:06 - Companies that perform best during inflationary periods.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESBrendan’s book: Markets in Chaos.Brendan’s firm: Lafayette Investments.Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Episode: TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham or watch the video.Connect with Brendan on LinkedIn.Follow Clay on Twitter.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSSupport our free podcast by supporting our sponsors:River.Efani.Babbel.AlphaSense.Vanta.American Express Business Gold Card.Alto.Salesforce.NetSuite.Ka’Chava.Wise.Toyota.Shopify.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/26/202358 minutes, 59 seconds
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BTC157: Personal AI Models and Bitcoin w/ Jeff Booth (Bitcoin Podcast)

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. 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 that was recently released for comment?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJeff's VC Firm Ego Death Capital.Jeff Booth's Twitter.Jeff's book, The Price of Tomorrow.Related episode: Listen to BTC100: Jeff Booth On Finding Bitcoin’s Signal In A Noisy World, or watch the video.Related episode: Listen to BTC052: A Hyper-Bitcoinized World w/ Jeff Booth, or watch the video.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSRiverEfaniBabbelAlphaSenseVantaAmerican Express Business Gold CardAltoSalesforceNetSuiteKa'ChavaWiseToyotaShopifySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/22/20231 hour, 9 minutes, 50 seconds
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BTC157: Personal AI Models and Bitcoin w/ Jeff Booth (Bitcoin Podcast)

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 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify
11/22/20231 hour, 12 minutes, 35 seconds
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TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu

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 market. 41:23 - How to get diversified in private credit. 52:02 - The most important things to understand prior to investing in private credit. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out our newly released TIP Mastermind Community. Learn more about Percent. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode: TIP559 Mastering the Market Cycle by Howard Marks or watch the video. Follow Clay on Twitter. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
11/19/202352 minutes, 15 seconds
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TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu

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 market.41:23 - How to get diversified in private credit.52:02 - The most important things to understand prior to investing in private credit.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Learn more about Percent.Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Episode: TIP559 Mastering the Market Cycle by Howard Marks or watch the video.Follow Clay on Twitter.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSGet $5 in Bitcoin when you invest $100 with River.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Earn more where your business spends the most with American Express Business Gold Card!Experience real language learning for real conversations with Babbel and get 55% off.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Feed your body the nutrients it craves with Ka’Chava. Get 10% off on your first order today!Get a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying Noble Gold Investments precious metals IRA .Be in control of every sales channel with Shopify. Sign up for a $1/mo, trial period today.Get a customized solution for all of your KPIs. Download NetSuite‘s FREE popular KPI Checklist.Make it easier to do your most meaningful work with Notion AI.Earn a yield on gold, paid in gold with Monetary Metals.Optimize your retirement strategy. Start investing in alts with Alto today.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/19/202349 minutes, 30 seconds
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BTC156: Bitcoin is Not A Hedge w/ Parker Lewis (Bitcoin Podcast)

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 - 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 RESOURCESParker Lewis' Twitter.All articles that Parker has written.Parker's New Book, Gradually Then Suddenly.Parker's new Company Zaprite.Parker's company Unchained Capital.Parker's presentation on Bitcoin is Not a Hedge.Related episode: Listen to BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole, or watch the video.Related episode: Listen to BTC069: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew, or watch the video.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSGet $5 in Bitcoin when you invest $100 with River.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Earn more where your business spends the most with American Express Business Gold Card!Experience real language learning for real conversations with Babbel and get 55% off.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Get a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying Noble Gold Investments precious metals IRA .Be in control of every sales channel with Shopify. Sign up for a $1/mo, trial period today.Get a customized solution for all of your KPIs. Download NetSuite's FREE popular KPI Checklist.Make it easier to do your most meaningful work with Notion AI.Earn a yield on gold, paid in gold with Monetary Metals.Optimize your retirement strategy. Start investing in alts with Alto today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/15/20231 hour, 13 minutes, 29 seconds
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BTC156: Bitcoin is Not A Hedge w/ Parker Lewis (Bitcoin Podcast)

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, Gradually Then Suddenly. Parker's new Company Zaprite. Parker's company Unchained Capital. Parker's presentation on Bitcoin is Not a Hedge. Related episode: Listen to BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole, or watch the video. Related episode: Listen to BTC069: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew, or watch the video. 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 better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify
11/15/20231 hour, 16 minutes, 14 seconds
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RWH036: The Power Of Simplicity w/ Anthony Kingsley

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.” 10:38 - How the firm structures its fees to be simple & fair. 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 28-point investing checklist.41:07 - Why he focuses intensely on analyzing corporate culture.45:46 - Why it’s perilous to dismiss or ignore ESG.53:54 - Why he never invests in biotech or pharma.54:53 - Why he’s more excited about mid-caps than mega-caps.1:01:10 - What makes the US a wonderful market for investors.1:10:08 - Why he’s optimistic about the UK’s economic future. 1:14:51 - How he balances work, family, & play.1:42:08 - What role luck has played in his success.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAnthony Kingsley’s investment firm, Findlay Park.Atul Gawande’s book The Checklist Manifesto.Matthew Walker’s book Why We Sleep.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.Follow William Green on X (AKA Twitter).NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSGet $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel and get 55% off your subscription.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Find the right benefits and retirement plan for your team today with Principal Financial.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Beat FOMO and move faster than the market with AlphaSense.Enjoy a $100 credit on your next B2B ad campaign with Linkedin!Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Earn more where your business spends the most with American Express Business Gold Card!Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Get a customized solution for all of your KPIs. Download NetSuite's popular KPI Checklist for free.Diversify your portfolio and optimize your retirement strategy. Start investing in alts with Alto today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/12/20231 hour, 39 minutes, 6 seconds
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TIP587: Dino Polska: A Polish Compounder w/ Kyle Grieve

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 moat and durable competitive advantage.31:28 - The key things to know about Dino operating in Poland.38:36 - How Kyle views the valuation of Dino Polska.41:27 - Potential new verticals that Dino Polska may expand into.49:37 - Potential risks investing in Dino Polska.54:23 - What live events TIP recently hosted in NYC.1:01:24 - How you can join Clay and Kyle in Omaha for our upcoming events during the Berkshire weekend.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected] Peak Capital Partner’s Research on Dino Polska.Related Episode: Listen to TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video.Invest in International Stocks with Interactive Brokers.Follow Kyle on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSGet $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel and get 55% off your subscription.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Find the right benefits and retirement plan for your team today with Principal Financial.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Beat FOMO and move faster than the market with AlphaSense.Enjoy a $100 credit on your next B2B ad campaign with Linkedin!Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Earn more where your business spends the most with American Express Business Gold Card!Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Get a customized solution for all of your KPIs. Download NetSuite's popular KPI Checklist for free.Diversify your portfolio and optimize your retirement strategy. Start investing in alts with Alto today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/10/202358 minutes, 50 seconds
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BTC155: Dylan LeClair Bitcoin Market Overview (Bitcoin Podcast)

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 RESOURCESDylan's Twitter.Bitcoin Magazine Pro that Dylan writes for.Related episode: Listen to BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair, or watch the video.Related episode: Listen to BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair, or watch the video.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSGet $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel and get 55% off your subscription.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Find the right benefits and retirement plan for your team today with Principal Financial.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Beat FOMO and move faster than the market with AlphaSense.Enjoy a $100 credit on your next B2B ad campaign with Linkedin!Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Earn more where your business spends the most with American Express Business Gold Card!Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Get a customized solution for all of your KPIs. Download NetSuite's popular KPI Checklist for free.Diversify your portfolio and optimize your retirement strategy. Start investing in alts with Alto today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/7/20231 hour, 19 minutes, 2 seconds
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TIP586: Mastermind Q4, 2023 w/ Tobias Carlisle and Hari Ramachandra

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. Tobias pitches Inmode, a stock facing a lot of bad news as a result, could be trading at a very attractive price. 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 1:06:46 - Why Stig is bullish on LVMH  1:43:54 - How can you pitch your stock to the TIP Mastermind Community 1:59:43 - How to meet up with the TIP team and listeners in Omaha in MayDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the waiting list for our TIP Mastermind Community.Contact Clay for more information about our exclusive weekend in Omaha at [email protected] help planning your trip to Omaha by listening to this episode or watch the video.Tune in to the Mastermind Discussion Q3 2023 - TIP576 or watch the video.Listen to Mastermind Discussion Q2 2023 - TIP557 or watch the video.Tune in to Mastermind Discussion Q1 2023 - TIP528 or watch the video.Listen to Mastermind Discussion Q1 2022 - TIP418 or watch the video.Tune in to Mastermind Discussion Q2 2022 - TIP450 or watch the video.  Listen to Mastermind Discussion Q3 2022 - TIP475 or watch the video.Tune in to Mastermind Discussion Q4 2022 - TIP496 or watch the video.Dollar Generals’s debt situation on page 35.  Listen to Chris Bloomstran’s interview with William Green about Dollar General or watch the video.Erwan Rambourg’s book, Future Luxe – read reviews of this book.Our FREE stock analysis resource, Intrinsic Value Index.Subscribe to our FREE Intrinsic Value Assessments.Tobias Carlisle's podcast, The Acquirer’s Podcast.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep.Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book.Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.Tweet directly to Tobias Carlisle.Hari's Blog: BitsBusiness.com.Tweet directly to Hari.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/5/20232 hours, 3 minutes, 56 seconds
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TIP585: Concentrated Value Investing w/ Shree Viswanathan

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. 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 - The benefits Shree has seen from a daily meditation practice.46:31 - What led him to run a concentrated portfolio of only 9 holdings.53:16 - Why Dino Polska out of Poland reminds Shree of Walmart in their early days.56:43 - How Shree thinks about inflation and currency risk investing internationally.01:11:10 - How Shree thinks about the valuation of Dino Polska.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Shree’s fund: SVN Capital.Compensation by Ralph Waldo Emerson.Wealth by Ralph Waldo Emerson.The Money Game by Adam Smith.A Search in Secret India by Andrew Brunton.The Sketchbook of Wisdom by Vishal Khandelwal.Related episode: Listen to WSB569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video.Related episode: Listen to WSB543: 100 Baggers: Stocks That Return 100-1 w/ Chris Mayer or watch the video.Follow Shree on Twitter.Follow Clay on Twitter.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
11/3/20231 hour, 24 minutes, 38 seconds
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BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)

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?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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/31/20231 hour, 13 minutes, 37 seconds
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RWH035: Learning from Warren Buffett & Charlie Munger w/ Chris Davis

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 & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:09 - What Chris Davis has learned from Buffett & Munger about aging well.18:27 - Why trust is a superpower in business & life.30:04 - Why many successful investors fail to build good relationships.38:31 - How Buffett & 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.1:21:37 - How Buffett thinks about risk & resilience.1:26:44 - How Munger inspired Chris to be radically open about his mistakes.1:38:59 - How to run an organization that breeds excellence. 1:52:10 - What Chris learned from Cardinal John Newman.2:00:25 - What Buffett teaches about friendship, generosity, & kindness.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Davis’s investment firm, Davis Advisors.Dale Carnegie’s book, How to Win Friends & Influence People.Dale Carnegie’s book, How to Stop Worrying & Start Living.Titan, Ron Chernow’s biography of John D. Rockefeller.Autobiography of Benjamin Franklin.Listen to William Green’s podcast interview with Ray Dalio or watch the video.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.Follow William Green on X (AKA Twitter).NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/29/20232 hours, 14 minutes, 3 seconds
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TIP584: Optimizing for the Long-Term w/ Sahil Bloom

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 framework Sahil uses to determine what projects to focus on.35:51 - How Sahil thinks about asset allocation as a business owner.42:14 - Jeff Bezos’s business approach of turning cost centers into profit centers and how Sahil applied this in practice.53:03 - How Sahil finds the right balance to prioritize the things that are most important in his life.59:41 - How Sahil ensures that he is continually consuming high-quality content.64:01 - What is to come in Sahil’s new book.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESSahil’s newsletter: The Curiosity Chronicle.Anne-Laure Le Cunff’s writings at Ness Labs.Related episode: Listen to TIP336: Mental Models used by Billionaires w/ Sahil Bloom or watch the video.Related episode: Listen to BTC055: The Cantillon Effect w/ Sahil Bloom or watch the video.Follow Sahil on Twitter and Instagram.Follow Clay on Twitter.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/27/202357 minutes, 53 seconds
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BTC153: Bitcoin's Taproot Asset Protocol w/ Ryan Gentry (Bitcoin Podcast)

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 and highlights with the TAP use?BOOKS AND RESOURCESThe Coinshares Article explain the Taproot Asset Protocol.The Congo Mining Article.The River Lighting Report.The River review of the Taproot Asset Protocol.Ryan Gentry's Twitter.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/25/20231 hour, 6 minutes, 25 seconds
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TIP583: Preparing for the Bear Market to Come w/ Gautam Baid

Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor. 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 practice for value investors.06:27 - Why judging market sentiment is important and how investors can go about doing so.13:21 - How Gautam came to the realization that quality of the business should be emphasized.16:19 - Why a behavioral edge is the most accessible edge to individual investors today.19:57 - Gautam’s biggest eureka moment in his journaling process.27:25 -Why we should let our portfolio winners run.29:31 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.33:43 - The telltale signs that a bear market is complete.39:50 - What companies you shouldn’t average down on in a bear market.47:00 - How quality businesses thrive during a bear market.48:19 -Why different stocks require differing levels of patience.50:23 - How we can use the wisdom of markets to our advantage.54:05 - How Gautam thinks about the Fed’s policies.59:21 - How investors can best prepare themselves for the next bear market.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Learn more about Gautam’s Fund – Stellar Wealth Partners.Gautam’s book: The Making of a Value Investor.Check out the related episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid, or watch the video here.Follow Clay on Twitter.Follow Gautam on Twitter.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/22/202359 minutes, 10 seconds
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BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers (Bitcoin Podcast)

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 RESOURCESJesse Myers' Twitter.Jesse's Newsletter.Jesse's Company: Onramp.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/18/202357 minutes, 18 seconds
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RWH034: The High Road To Riches w/ Peter Keefe

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 & Markel, why managing money is a high calling, & 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. 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 & Markel embody what he looks for in a business52:28 - How he made hundreds of times his money on American Tower.1:14:33 - How he evaluates the quality of management.1:25:52 - What investors should learn from apex predators.1:43:29 - Why humility is an indispensable virtue for investors.1:44:22 - Why a money manager’s principal motivation should be to serve others.1:46:30 - How Peter measures a successful life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESPeter Keefe’s investment firm, Avenir CorporationPeter Keefe’s letters to shareholdersHendrik Bessembinder’s study, Do Stocks Outperform Treasury Bills?Clayton Christensen’s book, How Will You Measure Your Life?William Green’s book, “Richer, Wiser, Happier” – read the reviews of this bookFollow William Green on X (AKA Twitter)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 better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/15/20231 hour, 48 minutes, 56 seconds
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TIP582: Quality & Defensive Investing w/ Christian Billinger

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 Christian’s current holdings from companies on his watchlist.31:44 - What Christian learned from working with institutional investors.41:36 - What stands out to Christian about Markel.46:37 - Why Tom Gayner is an investor and business manager worth studying.47:46 - How the investment outlook between Berkshire and Markel differ.49:42 - Why Christian’s fund is heavily invested in the spirits industry, and what has led to the recent underperformance in 2023.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Christian’s investment firm.Related Episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/13/202352 minutes, 34 seconds
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BTC151: This is NOT Capitalism w/ Allen Farrington (Bitcoin Podcast)

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.Allen's book, Bitcoin is Venice.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/11/202349 minutes, 46 seconds
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TIP581: Richer, Wiser, Happier Q3, 2023 w/ Stig Brodersen & William Green

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 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 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 William Green’s episode on being Richer, Wiser, and Happier, Q2 2023, or watch the video.Listen to Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2023, or watch the video.Listen to Stig Brodersen and William Green’s episode on Money and Happiness or watch the video.Tune in to William Green’s interview with Daniel Goleman & Tsoknyi Rinpoche or watch the video.Listen to William Green’s interview with Arnold Van den Berg about going from poverty to power or watch the video.William Green’s book Richer, Wiser, Happier – read reviews of this book.William Green’s book, The Great Minds of Investing – read reviews of this book.Tara Bennett Goleman's book, Emotional Alchemy – read reviews of this bookDavid Hawkins’ book, Power vs. Force – read reviews of this bookDavid Hawkins’ book, Letting Go – read reviews of this bookDavid Hawkins’ book, Transcending the Levels of Consciousness – read reviews of this book 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.Help us understand our audience better so we can create a more intentional user experience by answering this survey!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/8/20231 hour, 34 minutes, 45 seconds
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TIP580: Clear Thinking w/ Shane Parrish

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 our ego.15:32 - Preventative measures we can use to combat the enemies of clear thinking.23:16 - Why we can’t rely on willpower to achieve the outcomes we desire.23:54 - How successful people outposition others in order to outperform others.28:38 - How we can optimize our environment to achieve better outcomes.31:54 - Frameworks related to differentiating our outcomes from our underlying decision-making processes.36:13 - How Shane thinks about determining what really matters in life.40:48 - Why happiness needs to be thought of as derived internally rather than derived from something external.46:08 - What the important things in life are to Shane.48:25 - How Shane remains grounded in what’s most important.56:03 - Why Shane started a holding company that buys wonderful businesses.57:05 - What led Shane to invest alongside Howard Marks and Bill Ackman when joining Tiny’s board.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our TIP Mastermind Community.Shane’s book Clear Thinking.Shane’s website.Related Episode: WSB569: An Investor's Guide to Clear Thinking w/ Chris Mayer or watch the video here.Follow Clay on Twitter.Follow Shane on Twitter.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/6/202352 minutes, 19 seconds
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BTC150: Solving the Oracle Problem w/ Daniel Hinton & Steve Jeffress (Bitcoin Podcast)

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.Daniel Hinton's Twitter.Steve Jeffress's Twitter.A paper describing the UTXOracle: A Decentralized Approach to the Oracle Problem.Daniel's education Website: RunBitcoin.org.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 better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/4/202349 minutes, 21 seconds
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TIP579: Big Mistakes by Michael Batnick

On today’s episode, Clay Finck reviews Michael Batnick’s book, Big Mistakes: The Best Investors and Their Worst Investments. 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 endowment effect is.27:20 - Warren Buffett’s biggest blunder.29:57 - How Bill Ackman became publicly attached to a short position that went against him.37:32 - How Stan Druckenmiller got suckered into the 1999 tech bubble.49:21 - The dark side of concentrated investing.54:50 - How Keynes transitioned from being a macro investor to a bottoms up value investor.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our TIP Mastermind Community.Michael Batnick’s book, Big Mistakes.Check out our previous episode: WSB577: Valuation Masterclass w/ Aswath Damodaran or watch the video here.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
10/1/202356 minutes, 38 seconds
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BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)

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 Youtube Channel.Peter's website.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/27/20231 hour, 2 minutes, 9 seconds
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TIP578: Fundamentals of Stock Investing w/ Daniel Pronk & Jake Ruth

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 with the best temperament.26:24 - Why growth isn’t always good for a business.33:14 - Why most investors should stick to only investing in profitable companies.36:33 - The most common mistakes newer investors make.36:37 - Daniel’s three criteria for investing in a business.49:31 - Why we should be wary of companies with high dividend yields.56:23 - How the listeners should know when they are ready to start investing.63:58 - Why most companies are doomed to have their moat disrupted.65:27 - What led Daniel and Jake to start Stock Unlock.01:13:50 - Unique tools that Stock Unlock provides.01:14:28 - What books Daniel & Jake would give to their 18-year-old selves. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Get 30% off Stock Unlock for 12 months with code WSB here.Stock Unlock’s YouTube channel.Daniel Pronk’s YouTube.Tune into our previous episode: WSB577: Valuation Masterclass w/ Aswath Damodaran or watch the video.Follow Clay on Twitter.Follow Jake on Twitter.Follow Daniel on Twitter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/24/20231 hour, 11 minutes, 44 seconds
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BTC148: Bitcoin and Ai w/ Guy Swann (Bitcoin Podcast)

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.Guy's Website with access to all his content and media.Related Episode: Listen to BTC051: Bitcoin & Why The Bond Market Is a Big Deal w/ Greg Foss & Guy Swann, or watch the video.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/20/20231 hour, 33 minutes, 25 seconds
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RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

In this episode, William Green speaks with Chris Bloomstran, President & 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 & Warren Buffett; weighs the risks of Berkshire’s huge Apple stake; discusses Berkshire’s valuation; & explains why the stock should beat the S&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. 11:30 - How he values Berkshire, & why it should outperform the S&P 500.20:40 - Why most investors shouldn’t pick stocks for themselves.29:16 - How Chris manages his time.40:28 - How he’s risen above a painfully difficult childhood.43:42 - Why the key to investing success is a fierce work ethic.44:57 - What his football coaches taught him about integrity & kindness.54:10 - How Chris uses social media to criticize what he calls “charlatan promotion.”58:41 - What he thinks of Berkshire’s huge stake in Apple.1:08:15 - What a legendary golfer taught him about how to live.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Bloomstran’s firm Semper Augustus Investments GroupChris Bloomstran’s 2022 Letter to Clients: “Crazy Train”William Green’s book, “Richer, Wiser, Happier” – read the reviews of this bookListen to Stig Brodersen’s April 2023 interview with Chris Bloomstran, or watch the video.Follow Chris Bloomstran on X (AKA Twitter)Follow William Green on X (AKA Twitter)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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/17/20231 hour, 10 minutes, 44 seconds
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RWH032: The Vigilant Investor w/ Chris Bloomstran

In this episode, William Green chats with Chris Bloomstran, President & 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 & 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 & Robert skillfully sidestepped the dotcom bubble & 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 insanity. 55:38 - How to succeed in stocks by seeking a “dual margin of safety.”56:51 - How his definition of a quality business has evolved.1:07:01 - Why he’s skeptical about Cathie Wood’s ARK portfolio.1:09:02 - Why hot tech stocks like Nvidia are likely to disappoint for many years.1:11:32 - Why he’s wary of hype & “puffery” about Tesla’s glorious future.1:17:49 - Why he’s trimmed great but pricey holdings like Costco & Nike.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Bloomstran’s firm Semper Augustus Investments Group“Extraordinary Popular Delusions & The Madness of Crowds” by Charles Mackay“The Rise & Fall of American Growth” by Robert GordonWilliam Green’s book, “Richer, Wiser, Happier” – read the reviews of this bookListen to Stig Brodersen’s April 2023 interview with Chris Bloomstran, or watch the video.Follow Chris Bloomstran on X (AKA Twitter)Follow William Green on X (AKA Twitter)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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/17/20231 hour, 19 minutes, 57 seconds
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TIP577: Valuation Masterclass w/ Aswath Damodaran

On today’s episode, Clay Finck is joined by Aswath Damodaran who is widely referred to as the dean of valuation. 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. 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 treasury rate as the risk free rate available to investors.24:10 - The future expected return of the S&P 500 implied by the market as of August 2023.27:29 - How Aswath thinks about the risks of investing in China.30:02 - Aswath’s updated views on the valuation of Nvidia & Meta.33:21 - The potential dangers of a buy and hold approach.47:31 - How to think about using adjusted EBITDA in stock analysis.49:44 - How Aswath thinks of the macro.57:16 - Why Aswath recommends a strong understanding of statistics to invest well.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out our recent episode RWH005: Meet the Master w/ Aswath Damodaran, or watch the video.Check out Aswath’s Website. Check out Aswath’s YouTube Channel.Follow Clay on Twitter.Follow Aswath on Twitter.Tune into our previous episode covering The Future of AI w/ Bob Muglia or watch the video.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/15/202353 minutes, 14 seconds
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BTC147: Fiat Ruins Everything w/ Bitcoin Developer Jimmy Song (Bitcoin Podcast)

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 platform differences.BOOKS AND RESOURCESJimmy Song's new book, Fiat Ruins Everything.Jimmy's book, Programming Bitcoin: Learn How to Program Bitcoin from Scratch.Related Episode: Listen to BTC009: Bitcoin Engineering with Bitcoin Core Developer, Jimmy Song, or watch the video.Related Episode: Listen to BTC050: Bitcoin Policy, Fundamentals, & Impact w/ CJ Wilson & Jimmy Song, or watch the video.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/13/20231 hour, 2 minutes, 25 seconds
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TIP576: Mastermind Q3 2023 w/ Tobias Carlisle and Hari Ramachandra

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 1:47:02 - How to meet up with TIP in NYC in OctoberDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the waiting list for the TIP Mastermind Community. Listen to Mastermind Discussion Q2 2023 - TIP557 or watch the video.Listen to Mastermind Discussion Q1 2023 - TIP528 or watch the video.Listen to Mastermind Discussion Q1 2022 - TIP418 or watch the video.Listen to Mastermind Discussion Q2 2022 - TIP450 or watch the video.  Listen to Mastermind Discussion Q3 2022 - TIP475 or watch the video.Listen to Mastermind Discussion Q4 2022 - TIP496 or watch the video.Tune in to Stig Brodersen’s interview with Mohnish Pabrai about the Turkish stock market or watch the video.Tune in to Clay Finck’s interview with Chris Mayer about Constellation Software and 100-baggers or watch the video.Our FREE stock analysis resource, Intrinsic Value Index.Tobias Carlisle's podcast, The Acquires Podcast.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep.Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this bookTobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.Tweet directly to Tobias Carlisle. Hari's Blog: BitsBusiness.comTweet directly to Hari Ramachandra.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/10/20231 hour, 50 minutes, 32 seconds
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TIP575: The Future of AI w/ Bob Muglia

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 & 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 - What differentiates Snowflake from their competitors in the data warehouse space.25:25 - Bob’s view of the competitive landscape in the data warehouse industry.30:13 - Whether Bob was surprised that Berkshire Hathaway bought into the Snowflake IPO.31:31 - What The Arc of Data Innovation is.37:09 - When Bob foresees Artificial General Intelligence to become a reality.39:06 - What industries Bob sees AI impacting the most.46:16 - What the end game is for AI and where technology is heading.49:44 - Isaac Asimov’s role in the governance of technological innovation.54:09 - If regulators are taking appropriate actions to safeguard against the potential downsides of AI.55:39 - What Bob looks for when investing in technology companies.62:48 - Why technology in many cases won’t replace people and their jobs.67:44 - What the future of online search will look like.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out our recent episode : TIP571: Charlie Munger & The Psychology of Human Misjudgment, or watch the video here.Bob’s book/website The Datapreneurs.Follow Clay on Twitter.Follow Bob on Twitter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/8/20231 hour, 1 minute, 47 seconds
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BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)

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 book, Broken Money – Read reviews here.Listen to Part 1 of the discussion with Lyn Alden about Broken Money, or watch the video.Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video.Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video.Listen to our interview with Lyn Alden about Money, or watch the video.Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video.Listen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video.Lyn Alden's free website.Lyn Alden's premium newsletter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/6/20231 hour, 17 minutes, 36 seconds
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TIP574: Broken Money 1/2 w/ Lyn Alden

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. 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.BOOKS AND RESOURCESLyn Alden’s book, Broken Money – Read reviews here Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video.Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video.Listen to our interview with Lyn Alden about Money or watch the video.Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video.Lyn Alden's free websiteLyn Alden's premium newsletterListen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Send, spend, and receive money around the world easily with Wise.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/3/20231 hour, 15 minutes, 35 seconds
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TIP573: Berkshire's Beginnings w/ Jacob McDonough

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 - How National Indemnity’s valuation compared to the textile business.27:27 - How insurance float helped supercharge Berkshire’s growth.30:46 - The advantages Berkshire gained by getting into the insurance industry.34:39 - What got Buffett and Munger into purchasing shares in Blue Chip Stamps.39:40 - Buffett’s unconventional use of debt in expanding operations.41:49 - What fueled the 1970s expansion phase.54:05 - What led Geico’s stock to drop 96% in the 1970s.62:30 - How Warren Buffett and Charlie Munger met.65:11 - The financials and story of one of Berkshire’s best investments ever - See’s Candy.72:32 - How Jacob thinks about different return metrics when analyzing a company.75:26 - Jacob’s biggest takeaways from studying the history of Berkshire Hathaway.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out our recent episode : TIP569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video here.Jacob’s book Capital Allocation.Jacob’s podcast The 10-K Podcast.Follow Jacob on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Send, spend, and receive money around the world easily with Wise.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
9/1/20231 hour, 13 minutes, 37 seconds
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BTC145: Adam Back on Drivechains, Mining Hardware, & L1 scaling w/ James Macedonio (Bitcoin Podcast)

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. 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?46:19 - What is Adam's thoughts on drivechains?56:49 - Are there other blockchains that have experimented with OP CATs that were originally coded into Bitcoin but now are turned-off for safety reasons?01:06:51 - Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"?01:08:02 - Are engineers being reasonable with the speed at which they want to roll-out updates?BOOKS AND RESOURCESAdam Back's Twitter.Information about the Blockstream BASIC note.Information about the Blockstream ASIC they are building.Information about Drivechains on Bitcoin.Related episode: Listen to BTC054: A Sovereign Bitcoin Bond in El Salvador w/ Adam Back & Samson Mow, or watch the video.Related episode: Listen to BTC040: Bitcoin ASIC Manufacturing by Blockstream w/ Adam Back & Samson Mow, or watch the video.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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Send, spend, and receive money around the world easily with Wise.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/30/20231 hour, 7 minutes, 39 seconds
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TIP572: Finding Value in the Oil Market w/ Josh Young

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 reinvesting back into new production.38:09 - Josh’s view on alternative energy sources.43:47 - Josh’s approach to market timing in the oil market.52:59 - What the price of oil may indicate for current economic conditions.53:34 - How oil stocks have performed since 2022.65:42 - Josh’s view on how his bullish oil thesis may be wrong.69:02 - How higher interest rates are impacting the oil industry.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Bison Interest’s research.Check out our recent episode : TIP569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video here.Follow Josh on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Beat FOMO and move faster than the market with AlphaSense.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/27/20231 hour, 5 minutes, 58 seconds
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BTC144: Bitcoin and Macro Mastermind 3Q 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)

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.Steven's company Valkyrie.Jeff Ross's Twitter.Jeff's Investment Firm. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Beat FOMO and move faster than the market with AlphaSense.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/23/20231 hour, 25 minutes, 11 seconds
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RWH031: Abundance w/ Michael Berg

In this episode, William Green speaks with Michael Berg, a great scholar & author who draws on the ancient wisdom of Kabbalah to explore how we can build lives that are truly richer, wiser, & happier. Here, Michael discusses how to extract more pleasure from whatever wealth you have; why sharing your money & 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 & life; how to handle challenges & adversity; & 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 & 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-century sage & doctor.39:39 - How to extract more pleasure from whatever wealth we have. 48:37 - Why it’s helpful to recognize that we don’t truly own anything.55:29 - How appreciation helps Howard Marks to stay humble & be happy.59:00 - Why many rich people are surprisingly unhappy.1:15:51 - How to build joyful abundance by sharing your time & money.1:23:15 - How to help your kids without disempowering them.1:26:14 - Why delayed gratification is essential in business, investing, & life.1:35:45 - How Michael handles challenges & reframes adversity.1:41:38 - Why his father, Rav Berg, taught that “consciousness is everything.”Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESThe Zohar translated by Michael Berg in 23 volumesSecrets of the Zohar & Becoming Like God by Michael BergAnd You Shall Choose Life by Rav Yehuda AshlagThe Thought of Creation by Rav Yehuda AshlagNano: Technology of Mind Over Matter by Rav BergThe Kabbalah Centre websiteSpiritually Hungry podcast with Michael & Monica BergWilliam Green’s book, “Richer, Wiser, Happier” – read the reviews of this bookWilliam Green’s TwitterNEW 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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Look good and feel good with True Classic's range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/20/20231 hour, 43 minutes, 46 seconds
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TIP571: Charlie Munger & The Psychology of Human Misjudgment

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 - What reciprocity is, and it’s effects on human behavior.48:29 - The bias of social proof.51:01 - How authority bias effects our investment decisions.51:53 - How to combat our desire minimize uncertainty.55:07 - Why the simple solution is oftentimes the best solution. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our TIP Mastermind Community.Peter Bevelin’s book: Seeking WisdomTune into our previous episode with Gautam Baid or watch the video here.Tune into our previous episode covering Chris Mayer's book, How Do You Know? or watch the video here.Check out our recent episode covering Mark Leonard's Letters and Constellation Software or watch the video here.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Look good and feel good with True Classic's range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/18/202352 minutes, 23 seconds
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BTC143: Local Bitcoin Education & Meet-ups w/ Rod Roudi (Bitcoin Podcast)

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.Bitcoin Park's Twitter.Bitcoin Park website. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Look good and feel good with True Classic's range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/16/202344 minutes, 34 seconds
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TIP570: Back Together w/ Stig Brodersen and Preston Pysh

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. 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’s book, Warren Buffett Accounting Books – read reviews of this bookPreston and Stig’s book, The Intelligent Investor, 100-page summary – read reviews of this bookPreston and Stig’s book, Security Analysis 100-page summary – read reviews of this bookWarren Buffett’s 3 Favorite Books – read reviews of this bookMichael Saylor’s website, where you can track equity returns measured in Bitcoin. Tony Hsieh’s book, Delivering Happiness – read reviews of this book.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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Look good and feel good with True Classic‘s range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/13/20231 hour, 23 minutes, 28 seconds
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TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer

Back by popular demand, we bring back Chris Mayer to chat about his book, 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 100 Baggers and 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 think about stocks.13:10 - How either/or thinking doesn’t align with how the real world typically operates.14:31 - Why can we do without broad terms as investors such as: “GDP,” “the economy,” “value investors,” “growth investors,” etc.20:17 - Why we shouldn’t always take labels and names at face value.22:20 - What companies Chris owns are in what many would call “unattractive industries.”24:21 - Chris’s opinion on what drives long-term shareholder returns.27:24 - What Sosnoff’s Law is.30:17 - How meeting management teams play into Chris’s investment process.33:17 - Why Chris believes that “This Time is Always Different” and that reversion to the mean is a flawed concept.42:58 - How Chris thinks about judging what numbers actually mean rather than judging the numbers themselves.44:06 - Why we shouldn’t take accounting earnings at face value.47:50 - Why Chris encourages investors to develop a “delayed reaction.”50:29 - How Chris developed the ability to not take himself too seriously.55:08 - Chris’s book recommendations.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Chris Mayer’s book: How Do You Know?Chris Mayer’s book: 100 Baggers.Rick Rubin’s book, The Creative Act.Richard Rorty’s book, Philosophy as Poetry.Chris’s fund & blog: Woodlock House Family Capital.Thomas Phelps’ book: 100 to 1 in the Stock Market.Follow Chris on Twitter.Follow Clay on Twitter.Check out our recent episode covering TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein or watch the video here.Check out  TIP531: Mark Leonard: The Best Capital Allocator You’ve Never Heard of or watch the video here.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Look good and feel good with True Classic‘s range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/11/202350 minutes, 42 seconds
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BTC142: Bitcoin Policy Update Q3 2023 w/ Perianne Boring (Bitcoin Podcast)

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 the thoughts around Bitcoin from the other Presidential candidates?32:49 - Explain your role in helping to get the FASB to update the Fair Market Value update for Bitcoin.38:52 - Thoughts on Bitcoin mining and it's role in the United States Energy grid.BOOKS AND RESOURCESPerianne's Twitter.Perianne's organization: The Chamber for Digital Commerce.Perianne's research: The Crypto Conundrum. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Look good and feel good with True Classic's range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/9/202353 minutes, 50 seconds
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TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein

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.26:47 - If investors should care if the US has the reserve currency or not.33:28 - Ways in which investors can get exposure to AI.38:41 - The potential long-term impacts of AI on our financial system.42:09 - Whether GDP is an outdated and misleading metric or not.46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.55:51 - How the venture capital playbook works.58:28 - How David thinks about the expected returns for alternative assets.75:00 - David’s thoughts around aligning his finances with living a good life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out our recent episode covering The Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.David’s investing tool: Asset Camp.David’s website: Money for the Rest of Us.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 better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 4th on the Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/6/20231 hour, 9 minutes, 58 seconds
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BTC141: Can Bitcoin Lightning Scale Globally w/ Alexander Leishman (Bitcoin Podcast)

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 mine bitcoin versus just owning it?49:40 - Rapid fire: get to know Alex.BOOKS AND RESOURCESAlex's Company, River Finanical.Alex's Twitter.Alex's 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
8/2/202348 minutes, 25 seconds
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TIP567: The Evolution of Value Investing w/ Brian Feroldi

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. 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.52:43 - Brian’s updated reverse DCF analysis on Nvidia.59:21 - His updated assessment of MercadoLibre’s progress.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Brian’s free resource to master valuation.Brian Feroldi’s book – Why Does the Stock Market Go Up?Brian Feroldi’s Newsletter.Brian Feroldi’s Youtube.Check out our recent episode covering The Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.Follow Brian Feroldi on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/30/202351 minutes, 53 seconds
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BTC140: Game Theory and Bitcoin w/ Scott Lindberg (Bitcoin Podcast)

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.Scott's book that accompanies the Hodl-up Game.Scott's Twitter.Scott's Nostr.Scott's Book Recommendation: The Infinite Game.Preston's Book Recommendation: The Characteristic of Games. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/26/20231 hour, 7 minutes, 55 seconds
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RWH030: From Poverty To Power w/ Arnold Van Den Berg

In this episode, William Green speaks with Arnold Van Den Berg, who spent the first years of his life in hiding during the Holocaust & overcame enormous obstacles to become a renowned investor. Here, Arnold shares practical tools, techniques, & principles that helped him gain control over his mind & body so he could lift himself out of poverty & depression. His mission: to guide & empower others on their journey toward happiness, success, & 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 & working in a gas station. 12:35 - How a stranger’s kindness changed him forever.21:01 - Why Arnold grew up believing he was dumb & was going nowhere.39:35 - What he learned from his mother’s incredible courage in Auschwitz. 52:33 - How he fell into a deep depression & rebounded from it.1:03:27 - How self-hypnosis enabled him to change his beliefs.1:11:45 - What resources can teach you to harness your subconscious mind.1:19:50 - What techniques he uses to counter negative thoughts.1:43:43 - How he nurtures his physical health.2:07:59 - How to become happier by helping others & giving love.2:13:20 - How to build & sustain positive habits.2:23:15 - What gives Arnold the greatest joy.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESThe Wisdom of Your Subconscious Mind by John WilliamsThe Genie Within by Harry CarpenterMind is the Master by James AllenListen to William Green’s 2022 podcast episode with Arnold Van Den Berg or watch the video.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.William Green’s Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/23/20232 hours, 28 minutes, 15 seconds
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TIP566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid

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 Gautam had to pursue his dream of managing money and investing in the stock market.10:52 - The story of Gautam applying to over 1,300 jobs in the investment industry before landing one as a portfolio manager.14:38 - How Gautam’s book got published by Columbia Business School and became an international best seller in seven countries.18:43 - Gautam’s definition of a high quality business.24:32 - Why Gautam allocates the majority of his portfolio to high quality businesses despite their richer valuations.30:00 - The characteristics of a business that indicate it has high staying power.31:06 - How Gautam identifies businesses that can earn super-normal profits.34:04 - Gautam’s framework for selling stocks in his portfolio.35:35 - The four stages of a company’s growth cycle.37:14 - Why Gautam looks for opportunities in all areas of the stock market, including cyclicals, spin-offs, and special situations.49:54 - Why it’s so important to think probabilistically instead of deterministically.52:45 - Why forecasting the economy, the Fed, and interest rates is a fool’s errand for stock investors.55:09 - Why humility is required to be a successful long-term investor.59:17 - Why US-based investors should consider investing in Indian equities.61:01 - Why Gautam believes that, “India’s time has arrived.”64:51 - Long-term structural trends currently happening in India.69:02 - Why Gautam believes that the incentives in the overall investment industry are broken. 72:40 - The differences Gautam has found between managing a fund and managing his personal portfolio.75: 47 - Why lifelong learning is paramount to being a successful value investor.76: 28 - How to create an environment that promotes learning.78: 38 - Three investing and non-investing books Gautam recommends to our listeners.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Learn more about Gautam’s Fund – Stellar Wealth Partners.Learn more about Complete Circle Wealth.Check out The Joys of Compounding.Check out Clay’s review of The Joys of Compounding or watch the video here.Joel Greenblatt’s book, You Can Be a Stock Market Genius.Ed Chancellor’s book, Capital Returns.Fred Schwed’s book, Where are the Customers’ Yachts?.Terry Smith’s book, Investing for Growth.Charlie Munger ’s book, Poor Charlie’s Almanack.Peter Bevelin’s book, Seeking Wisdom.Michael Mauboussin’s book, More Than You Know.Check out our recent episode covering the Microcap Investing with Ian Cassel,  or watch the video here.Follow Gautam on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning “We Study Billionaires!” Sign up and book your call with their Investor Relations Team to get started today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/21/202358 minutes, 44 seconds
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BTC139: Educating the World On Bitcoin w/ John Dennehy (Bitcoin Podcast)

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 RESOURCESDownload the Course Guide for My First Bitcoin.Donate to My First Bitcoin.My First Bitcoin Twitter Account.John Dennehy's Twitter Account. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/19/202350 minutes, 59 seconds
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TIP565: Why Buffett is Doubling Down on Japan w/ Dan Rasmussen

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 Japan’s stock market.30:57 - What the financial accelerator is and how it relates to the 2023 banking crisis.36:12 - How equity markets tend to behave after a Fed pause.36:30 - How high-interest rates are affecting corporate earnings.51:21 - Dan’s views on the Chaos Kings and their strategy of Crisis Investing.60:40 - How Verdad’s portfolios are positioned today.72:21 - What technologies excite Dan in creating a better society for the future.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out Verdad.Check out of our review of Microcap Investing with Ian Cassel,  or watch the video here.Follow Dan on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/16/202351 minutes, 48 seconds
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TIP564: Capitalizing on Commercial Real Estate Trends w/ Charles Clinton

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.33:41 - How Charles sees the residential space developing over the coming years.39:28 - What private credit is and what attracts investors to private credit.49:21 - What products EquityMultiple offers on its platform.53:11 - What differentiates EquityMultiple from other crowdfunding platforms.60:12 - What’s to come in the future for EquityMultiple.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out EquityMultiple.Check out of our review of Microcap Investing with Ian Cassel,  or watch the video here.Follow Clay on Twitter.Follow EquityMultiple's Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/14/202349 minutes, 58 seconds
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BTC138: A Progressive's Case for Bitcoin w/ Jason Maier (Bitcoin Podast)

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 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/12/20231 hour, 6 minutes, 28 seconds
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RWH029: Beyond Rich w/ Pico Iyer

In this episode, William Green chats with famed author Pico Iyer about how to create a life that’s truly richer, wiser, & happier. Pico has written 15 books & delivered 4 TED Talks that have received nearly 12 million views. Here, he shares profound & 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; & built a remarkably peaceful & 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 & does most of his work without a computer.13:45 - What advice he gives to youngsters on making a life & not just making a living.  22:37 - Why going slow has become the ultimate luxury in a world of speed.26:34 - Why leading business executives are so receptive to his teachings on stillness.29:55 - How he structures his day to be most productive.43:57 - Why billionaires like Ray Dalio have embraced meditation.52:03 - What Pico discovered when a wildfire destroyed everything he owned.1:17:02 - How Howard Marks applies the Buddhist teaching that everything is impermanent.1:21:56 - What Pico has learned from decades of friendship with the Dalai Lama. 1:35:55 - How travel shows Pico the limits of what we can ever truly know.2:03:55 - What the singer & Zen monk Leonard Cohen taught him about inner riches. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESPico Iyer’s website.Pico Iyer’s TED talk on the Art of Stillness.The Half Known Life by Pico Iyer.Autumn Light by Pico Iyer.The Man Within My Head by Pico Iyer.The Art of Stillness by Pico Iyer.The Open Road by Pico Iyer.Zen Mind, Beginner’s Mind by Shunryu Suzuki.Guy Spier interviews William Green.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.William Green’s Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/9/20232 hours, 9 minutes, 52 seconds
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TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel

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. 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 “Lightning in a Bottle.”37:47 - Unconventional ways that Ian analyzes and better understand a business.48:15 - On-the-ground due diligence methods that Ian uses.56:51 - How Ian performs maintenance due diligence after purchasing a stock.59:29 - Why you shouldn’t “coffee can” microcaps.64:03 - How Ian finds companies that are positioned to grow during any market environment.68:00 - Why Ian prefers to be in the first wave of discovery in microcap land.72:40 - How investors can source new investment ideas.77:00 - The investment filter Ian has recently used to discover ideas before other microcap investors.81:16 - What Ian’s daily journaling practice looks like.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Ian’s Beginner’s Guide to Researching Microcaps.Ian’s community, MicrocapClub.Ian’s book, Intelligent Fanatics.Check out of our review of Mastering the Market Cycle,  or watch the video here.Follow Ian on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/7/20231 hour, 2 minutes, 48 seconds
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BTC137: Bitcoin Functions Like A Biological Network w/ Brandon Quittem (Bitcoin Podcast)

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 & Nature Vs Bitcoin.BOOKS AND RESOURCESBrandon Quittem's Twitter.Brandon's articles on Bitcoin and Biology.Paul Stamets TED Talk.Entangled Life by Merlin Sheldrake. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/5/20231 hour, 5 minutes, 48 seconds
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TIP562: How to Cope With Market Cycles

Clay Finck completes his review of Howard Marks’ book – 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 timing market bottoms is a fool’s errand.47:13 - Why success can bring the seeds of failure for many investors, companies, and sectors.58:05 - Howard Marks’s thoughts on where we are at in the market cycle in 2023.72:55 - How to know when is the appropriate time to position your portfolio aggressively and defensively.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out Part 1 of our review of Mastering the Market Cycle,  or watch the video here.Howard Marks’ book – Mastering the Market Cycle.Check out our recent episode covering Clay’s review of Howard Marks’ book –  The Most Important Thing, or watch the video here.Check out our recent episode covering the 100 to 1 in the Stock Market by Thomas Phelps,  or watch the video here.Related episode: Listen to TIP378: Move Forward With Caution w/ Howard Marks or watch the video here.Related episode: Listen to TIP545: The Third Sea Change Has Begun w/ Howard Marks or watch the video here.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Look good and feel good with True Classic‘s range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Send, spend, and receive money around the world easily with Wise.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7/2/202359 minutes, 39 seconds
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BTC136: The FED Pause & Q2 Current Events w/ Luke Gromen (Bitcoin Podcast)

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?BOOKS AND RESOURCESLuke Gromen's Newsletter.Luke's Books on Amazon.Luke's company FFTT.Related episode: Listen to BTC101: 4th Quarter Macro Overview w/ Luke Gromen, or watch the video.Related episode: Listen to BTC067: Russia Ukraine War & Global Macro Impacts w/ Luke Gromen, or watch the video. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Look good and feel good with True Classic's range of summer essentials, crafted with premium quality fabrics at an accessible price. Get 25% off today with the code WSB.Send, spend, and receive money around the world easily with Wise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/28/20231 hour, 6 minutes, 5 seconds
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RWH028: Lessons From Legends w/ Mohnish Pabrai, Tom Gayner, & John Spears

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, & John Spears. The focus here is on powerful insights that can guide & enrich you both in business & 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, & do it fast.24:52 - How Mohnish Pabrai forges strong relationships based on trust & 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 & envy.57:32 - How Markel CEO Tom Gayner infuses his business dealings with timeless values.1:06:33 - How Tom operates by initiating trust & then assessing whether it’s deserved.1:16:23 - What Tom looks for when appraising a person’s integrity.1:25:18 - What John Spears learned from Quakerism that guided him in business & life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune in to William Green’s full interview with Mohnish Pabrai or watch the video.Listen to William Green’s full interview with Tom Gayner or watch the video.Tune in to William Green’s full interview with John Spears or watch the video.Listen to William Green’s interview with Daniel Goleman & Tsoknyi Rinpoche or watch the video.“Power vs Force” by David Hawkins.“Letting Go” by David Hawkins.“Transcending the Levels of Consciousness” by David Hawkins.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.William Green’s Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-44-GOLD-IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Let OneSkin work deeper than surface level and promotehealthier skin from the inside out. Get 15% off OneSkin with the code WSB.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/25/20231 hour, 22 minutes, 39 seconds
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TIP561: Discovering Your Hidden Genius w/ Polina Pompliano

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 & Fortune to working for herself.55:50 - How to ensure you have a healthy content diet.63:14 - How to balance in-person and online relationships in the modern digital world.65:16 - Polina’s lessons from studying MMA heavyweight world champion Francis Ngannou.74:17 - Why you should bet on yourself by tying your identity to your name.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Polina’s new book – Hidden Genius.Polina’s blog – The Profile.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Follow Clay on Twitter.Follow Polina Pompliano on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs” at 855-44-GOLD-IRA.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Let OneSkin work deeper than surface level and promotehealthier skin from the inside out. Get 15% off OneSkin with the code WSB.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/23/202359 minutes, 30 seconds
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BTC135: Binance & Coinbase Vs the SEC w/ Joe Carlasare & Hodl (Bitcoin Podcast)

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 RESOURCESJoe Carlasare's Twitter.Joe Carlasare's Law Firm.American Hodl on Twitter.Related episode: Listen to BTC112: Bitcoin Macro Mastermind 1st Q 2023 w/ Joe Carlasare, Steven McClurg, & Jeff Ross, or watch the video.Related episode: Listen to BTC070: Bitcoin Round Table w/ Joe Carlasare, Jeff Ross, and Jay Gould, or watch the video. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-44-GOLD-IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Let OneSkin work deeper than surface level and promotehealthier skin from the inside out. Get 15% off OneSkin with the code WSB.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/21/20231 hour, 13 minutes, 56 seconds
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TIP560: Richer, Wiser, Happier Q2 2023 w/ Stig Brodersen & William Green

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 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 RESOURCESListen to Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2023 or watch the video.Listen to Stig Brodersen and William Green’s episode on Money and Happiness or watch the video.Tune in to William Green’s episode with Mohnish Pabrai on Playing to Win or watch the video.Tune in to William Green’s episode with Jason Karp on Wealth and Health or watch the video.Listen to Clay Finck’s episode with Scott Patterson about the book Chaos Kings or watch the video.William Green’s book Richer, Wiser, Happier – read reviews of this book.William Green’s book, The Great Minds of Investing – read reviews of this book.Scott Patterson’s book, Chaos Kings – read reviews of this book.Peter Matthiessen’s book, Snow Leopard – read reviews of this book.Benjamin Labatut’s book, When we cease to Understand the World – read reviews of this book.Jared Diamond’s book, Guns, Germs, and Steel – read reviews of this book.Yuval Harari’s book, Sapiens – read reviews of this book.Michael Greger’s book, How Not to Die – read reviews of this book.Mark Hyman’s book, Forever Young – read reviews of this book.Steven Kotler’s book, The Art of the Impossible – read reviews of this book.Dean and Anne Ornish’s book, Undo It! - read reviews of this book.Robert Pirsig’s book, Zen and the Art of Motorcycle Maintenance - read reviews of this book.Robert Pirsig’s book, On Quality - read reviews of this book.Alice Schroder’s book, The Snowball - read reviews of this book.Warren Buffett’s book, The Essays of Warren Buffett - read reviews of this book.Ray Dalio’s book, The Changing World Order - read reviews of this book.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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-44-GOLD-IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/18/20231 hour, 45 minutes, 57 seconds
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TIP559: Mastering the Market Cycle by Howard Marks

On today’s episode, Clay reviews Howard Marks’ book – 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 key driver of markets into the future.38:47 - What the greatest source of investment risk is.58:03 - What Howard Marks learned from managing billions of dollars during the great financial crisis.58:57 - Why the credit cycle is the most volatile of all cycles, and has the greatest impact on markets.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Howard Marks’ book - Mastering the Market Cycle.Check out our recent episode covering Clay’s review of Howard Marks’ book - The Most Important Thing, or watch the video here.Check out our recent episode covering the 100 to 1 in the Stock Market by Thomas Phelps,  or watch the video here.Related episode: Listen to TIP378: Move Forward With Caution w/ Howard Marks or watch the video here.Related episode: Listen to TIP545: The Third Sea Change Has Begun w/ Howard Marks or watch the video here.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSEasily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Invest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs” at 855-44-GOLD-IRA.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsorsHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/16/202354 minutes, 39 seconds
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BTC134: Bitcoin Integration Into Gaming with André Neves (Bitcoin Podcast)

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? 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 Twitter.The Zebedee Website. 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. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSEasily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Invest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-44-GOLD-IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/14/20231 hour, 1 minute, 24 seconds
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Classic 23: Lessons from Billionaire Peter Thiel

On today’s classic episode, we study Billionaire Peter Thiel. Peter 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. 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. Peter’s personal net worth today is about $5 billion and he remains active in numerous tech businesses. 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.44:45 - Stig and Preston answer a question from the audience and discuss how much value investors should pay attention to the bond yield curve.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESListen to Preston and Stig’s discussion of Peter Thiel’s book, Zero to One, or watch the video.Read Preston and Stig’s executive summary of Peter Thiel’s book, Zero to OneReid Hoffman’s book, Blitzscaling – Read reviews of this bookRyan Holiday’s book, Conspiracy – Read reviews of this bookNEW 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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Send, spend, and receive money around the world easily with Wise.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-44-GOLD-IRA.Join over 5k investors in the data security revolution with Atakama.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/11/202343 minutes, 9 seconds
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TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson

On today’s episode, Clay chats with Scott Patterson about his new book - The Chaos Kings. 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. 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 Taleb and Spitznagel viewed the world differently than conventional wisdom.53:12 -How predictable Black Swan events are.57:41 - Looming Black Swans that Taleb sees in today’s world.60:49 - What the precautionary principle is.63:23 - Taleb and Spitznagels take on the systemic risks in the financial system today.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Scott’s new book - The Chaos Kings.Scott’s website.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Send, spend, and receive money around the world easily with Wise.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-222-4979.Join over 5k investors in the data security revolution with Atakama.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/9/202355 minutes, 32 seconds
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BTC133: Creating a New Libor on Bitcoin w/ Jesse Shrader (Bitcoin Podcast)

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.30:44 - What is Magma's liquidity market?32:55 - How could Bitcoin even have a "risk free" rate?34:19 - What is the LINER (Lightning Network Rate)?34:19 - How could the LINER impact risk free rates?BOOKS AND RESOURCESJesse Shrader's Twitter.The Amboss Website.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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Send, spend, and receive money around the world easily with Wise.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-222-4979.Join over 5k investors in the data security revolution with Atakama.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/7/202344 minutes, 10 seconds
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TIP557: Mastermind Q2 2023 w/ Tobias Carlisle and Hari Ramachandra

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. 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.” 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 in NYC in OctoberDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the waiting list for the TIP Mastermind Community. Stig Brodersen’s interview with Daniel Zhang, the Chief Acquisition Officer of TeqnionDaniel Zhang’s book, An investment thinking toolbox – read reviews of the book.Listen to Mastermind Discussion Q1 2023 - TIP528 or watch the video.Listen to Mastermind Discussion Q1 2022 - TIP418 or watch the video.Listen to Mastermind Discussion Q2 2022 - TIP450 or watch the video.  Listen to Mastermind Discussion Q3 2022 - TIP475 or watch the video.Listen to Mastermind Discussion Q4 2022 - TIP496 or watch the video.Tune in to Stig Brodersen’s interview with Mohnish Pabrai about the Turkish stock market or watch the video.Tune in to Clay Finck’s interview with Chris Mayer about Constellation Software and 100-baggers or watch the video.Teqnion’s investor relationsOur FREE stock analysis resource, Intrinsic Value Index.Subscribe to our FREE Intrinsic Value Assessments.Tobias Carlisle's podcast, The Acquires Podcast.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep.Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this bookTobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.Tweet directly to Tobias Carlisle. Hari's Blog: BitsBusiness.comTweet directly to Hari Ramachandra.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/4/20231 hour, 19 minutes, 34 seconds
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TIP556: 100 to 1 in the Stock Market by Thomas Phelps

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 brilliant articles - ‘Why Compounding is so Difficult’ and ‘The Art of (Not) Selling’.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESThomas Phelps’s book - 100 to 1 in the Stock Market.Akre Capital Managements writings: Why Compounding is so Difficult and The Art of (Not) Selling.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the The Outsiders by William Thorndike, or watch the video.Follow Clay on Twitter. 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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6/2/202353 minutes, 48 seconds
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BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)

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.01:00:09 - Why is it hard to be a Bitcoiner?BOOKS AND RESOURCESAnil's Twitter.Anil's book, The Bitcoin Handbook.How Innovation Works by Matt Ridley.Energy and Civilization: A History by Vaclav Smil.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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/31/202359 minutes, 50 seconds
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RWH027: High-Quality Investing w/ Christopher Begg

In this episode, William Green chats with hedge fund manager Christopher Begg, who is the CEO, Chief Investment Officer, & 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 & 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 & 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 & Google, despite an array of perceived threats.36:09 - How he identifies great businesses by seeking 8 layers of competitive advantage.47:13 - How to succeed through “persistent incremental progress eternally repeated.”1:00:01 - Why investors can’t afford to ignore a company’s impact on the environment.1:06:40 - Why consistent kindness is a potent ingredient of success, helping to build trust.1:15:22 - How Chris gains an edge by continuously compounding his interdisciplinary knowledge.1:32:17 - What he’s learned about the pursuit of excellence from surfing with Josh Waitzkin.1:40:48 - Why Chris structures his workday to include meditation & contemplation.1:50:46 - What studying Andrew Carnegie—once the world’s richest person—has taught him.1:53:40 - Why Chris believes that the world is headed in a better direction.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Begg’s investment firm, East Coast Asset Management.One from Many by Dee Hock.Nick Sleep’s list of long-term vs short-term characteristics.Robert Pirsig’s Zen & the Art of Motorcyle Maintenance, Lila, & On Quality.Finite & Infinite Games by James Carse.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.William Green’s Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/28/20232 hours, 5 minutes, 14 seconds
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TIP555: Lessons from the World's Greatest Capital Allocators

On today’s episode, Clay reviews one of Warren Buffett’s favorite investment books called The Outsiders 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. 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 CEOs.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESWilliam Thorndike’s book – The Outsiders.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Clay’s previous episodes covering Warren Buffett’s full story – Part 1 & Part 2, or watch the video here & here.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/26/202353 minutes, 15 seconds
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BTC131: Positioning For the Bitcoin Boom w/ Tuur Demeester (Bitcoin Podcast)

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 Bitcoin Reformation Article.Tuur Demeester's Latest article: How To Position For the Bitcoin Boom.Tuur Demeester's article from 2015: How to Position For the Rally in Bitcoin.Tuur Demeester's articles from 2015.Tuur Demeester's articles from 2014 - 2021.Related episode: Listen to BTC130: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester, or watch the video.Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video.Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video.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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/24/202347 minutes, 16 seconds
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TIP554: Mental Models for Successful Investing w/ John Jennings

On today’s episode, Clay chats with John Jennings about his new book - The Uncertainty Solution. John Jennings is President and Chief Strategist of St. Louis Trust & Family Office, which has $12 billion dollars in assets under management. 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.32:13 - Why the economy is not directly correlated with the stock market.47:51 - Where investing falls on Michael Maubbousin’s Skill vs Luck continuum.1:00:53 - How behavior biases like loss aversion and overconfidence affect our investment decisions.1:06:14 - How storytelling can trick us into making poor investment decisions.1:10:13 - What base rates are and understanding base rates can help us make more intelligent decisions.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJohn’s new book - The Uncertainty Solution.John’s website.John’s firm - St. Louis Trust & Family Office.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/21/20231 hour, 14 minutes, 39 seconds
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TIP553: Why Hard Assets are Positioned to Outperform w/ Tavi Costa

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. 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&P 500’s earnings are likely to roll over and decline in the near term.37:40 - Why yield curve inversions are bullish for gold relative to equities.51:09 - Why foreign countries are selling US treasuries to buy gold.83:19 - Where Tavi sees asymmetric opportunities in the gold mining industry.83:27 - Why Tavi is bullish on Brazil and sees Brazil much differently than the other BRICS nations.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out Crescat Capital.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video here.Follow Tavi on Twitter.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/19/20231 hour, 22 minutes, 30 seconds
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BTC130: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester (Bitcoin Podcast)

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: How to Position For the Rally in Bitcoin.Tuur Demeester's articles from 2015.Tuur Demeester's articles from 2014 - 2021.Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video.Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video.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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/17/202348 minutes, 22 seconds
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TIP552: Mastering the Art of Investing: A Deep Dive w/ Sam Zell

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 YOU’LL LEARN:00:00 - Intro.04:49 - How Sam helped pioneer the REIT industry and what improvements he would like to see today30:42 - What drives him to succeed at 81 years old 35:37 - Why Sam would raise interest rates further if he was the head of the Federal Reserve49:36 - How Sam thinks through when to buy and when to sell50:48 - A play-by-play breakdown of how he sold Equity Group Investments to Blackstone for nearly $40 billion dollars1:06:08 - Why he says “liquidity = value”Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAm I Being Too Subtle by Sam Zell BookBigger Pockets PodcastTrey Lockerbie TwitterNEW 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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Unravel the fascinating story of Elon Musk’s unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/14/20231 hour, 3 minutes, 36 seconds
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TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

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&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 Munger’s most recent thoughts on Occidental.01:12:23 - How Berkshire can continue to attract high quality subsidiary managers.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out the full video of the Berkshire Hathaway meeting here.Join our newly released TIP Mastermind Community.Check out our recent episode covering Mark Leonard’s Letter’s and Constellation Software. Watch the video here.Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software here.Follow Clay on Twitter.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Unravel the fascinating story of Elon Musk’s unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/12/20231 hour, 7 minutes, 57 seconds
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BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podcast)

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 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.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSIf you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Join over 5k investors in the data security revolution with Atakama.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Unravel the fascinating story of Elon Musk’s unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5/10/20231 hour, 1 minute, 15 seconds
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TIP550: Masterclass w/ Mohnish Pabrai

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. 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 54:48 - How to live a truthful lifeDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESMohnish Pabrai’s websiteLearn more about Mohnish Pabrai’s Dakshana FoundationListen to our interview with Mohnish Pabrai about investing in stocks or watch the video.Tune into our interview with Mohnish Pabrai about value investing and philanthropy or watch the video.Listen to our interview with Mohnish Pabrai about value investing or watch the video.Tune into our interview with Mohnish Pabrai about value investing in 2021 or watch the video.Listen to our interview with William Green about Mohnish Pabrai or watch the video.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 better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storag