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We Study Billionaires - The Investor’s Podcast Network podcast

We Study Billionaires - The Investor’s Podcast Network

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

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

 

#736

BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)

IN THIS EPISODE, YOU’LL LEARN: ---What were you trying to accomplish with the book? ---Of all the mental models and paradoxes mentioned in the book, what is the one you find most profound? ---What is Jevon's Paradox? ---Teach us about Network Effects. ---Teach us about reflexivity and how it applies to Bitcoin. ---Why are the laws of Thermodynamics important? ---Teach us about Gall's Law. ---What is the intransigent Minority and why is it important? ---What is something the Bitcoin community could do better? ---What's one of your favorite books? ---Why is it hard to be a Bitcoiner? BOOKS AND RESOURCES --- [Anil's Twitter] (https://twitter.com/anilsaidso) . ---Anil's Book, [The Bitcoin Handbook] (https://www.amazon.com/Bitcoin-Handbook-Economics-Technology-Psychology/dp/9916697981) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/wsb) . ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://wise.com/tip) . ---Choose [Toyota] (https://buyatoyota.com/) 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] (https://getrefunds.com/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

Yesterday

59 MINS

59:50

Yesterday


#735

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 - Intro 03:54- 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 RESOURCES ---Chris Begg’s investment firm, [East Coast Asset Management] (https://www.eastcoastasset.com/) . --- [One from Many] (https://www.amazon.com/One-Many-VISA-Chaordic-Organization/dp/1576753328?crid=17L57CU8SM2MP&keywords=one+from+many+dee+hock&qid=1684951732&sprefix=one+from+many%2Caps%2C98&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=0ede5f53d30e0466bb440c0f280bbe55&language=en_US&ref_=as_li_ss_tl) by Dee Hock. ---Nick Sleep’s list of [long-term vs short-term characteristics] (https://igyfoundation.org.uk/short-term-v-long-term/) . ---Robert Pirsig’s [Zen & the Art of Motorcyle Maintenance] (https://www.amazon.com/Zen-Art-Motorcycle-Maintenance-Inquiry/dp/0060839872?_encoding=UTF8&qid=&sr=&linkCode=ll1&tag=tipnetwork-20&linkId=c55e897a0298fca89c53266ce2334df4&language=en_US&ref_=as_li_ss_tl) , [Lila] (https://www.amazon.com/Lila-Robert-M-Pirsig/dp/1846881544?_encoding=UTF8&qid=&sr=&linkCode=ll1&tag=tipnetwork-20&linkId=f3e1ef30416d4582fbeef0e7d7e60c08&language=en_US&ref_=as_li_ss_tl) , & [On Quality] (https://www.amazon.com/Quality-Excellence-Unpublished-Selected-Writings/dp/0063084643?content-id=amzn1.sym.4afc730c-c08d-48ba-8a05-81aa212c56f6%3Aamzn1.sym.4afc730c-c08d-48ba-8a05-81aa212c56f6&crid=2P4DPQTKY3F0W&cv_ct_cx=robert+pirsig&keywords=robert+pirsig&pd_rd_i=0063084643&pd_rd_r=0c61feb0-a872-4f5f-ab94-3e551af6b4e6&pd_rd_w=e2PO6&pd_rd_wg=PSZIp&pf_rd_p=4afc730c-c08d-48ba-8a05-81aa212c56f6&pf_rd_r=CSVWH6HEQEB5AMKH53BC&qid=1684706491&sbo=RZvfv%2F%2FHxDF%2BO5021pAnSA%3D%3D&sprefix=robert+pirsig%2Caps%2C97&sr=1-2-42c1d7c4-51c2-42cf-80a4-c0488607bdfe&linkCode=ll1&tag=tipnetwork-20&linkId=6f525dc0210e82b0cf4508a0c8dfdcea&language=en_US&ref_=as_li_ss_tl) . --- [Finite & Infinite Games] (https://www.amazon.com/Finite-Infinite-Games-James-Carse/dp/1476731713?_encoding=UTF8&qid=1684706622&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=d8a05a6df3328f488f9b9e1449247dc9&language=en_US&ref_=as_li_ss_tl) by James Carse. ---William Green’s book, “Richer, Wiser, Happier” – [read the reviews of this book] (https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?&linkCode=ll1&tag=tipnetwork-20&linkId=6d4747ec6a54482eb95b824f8f0d2789&language=en_US&ref_=as_li_ss_tl) . ---William Green’s [Twitter] (https://twitter.com/williamgreen72) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/richer-wiser-happier/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) ‘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] (https://river.com/) 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] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://invest.atakama.com/wsb) . ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---Send, spend, and receive money around the world easily with [Wise] (https://wise.com/tip) . ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

28 May 2023

2 HR 05 MINS

2:05:14

28 May 2023


#734

TIP555: Lessons from the World's Greatest Capital Allocators

On today’s episode, Clay reviews one of Warren Buffett’s favorite investment books calledThe Outsidersby 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 RESOURCES ---William Thorndike’s book – [The Outsiders] (https://www.amazon.com/The-Outsiders-William-N-Thorndike-audiobook/dp/B00F3HEXEO?keywords=the+outsiders&qid=1684416591&sprefix=the+outsid%2Caps%2C116&sr=8-6&linkCode=ll1&tag=tipnetwork-20&linkId=00e3753a2a3011eaddc034216d70affe&language=en_US&ref_=as_li_ss_tl) . ---Check out our newly released [TIP Mastermind Community] (http://theinvestorspodcast.com/mastermind) . ---Check out our recent episode covering the [2023 Berkshire Hathaway Shareholder Meeting] (https://link.chtbl.com/WSB551) or watch the [video] (https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-annual-shareholders-meeting-2023/) . ---Clay’s previous episodes covering Warren Buffett’s full story – [Part 1] (https://link.chtbl.com/TIP482) & [Part 2,] (https://link.chtbl.com/TIP484) or watch the video [here] (https://www.theinvestorspodcast.com/episodes/how-warren-buffett-became-the-greatest-investor-to-ever-live-part-1/) & [here] (https://www.theinvestorspodcast.com/episodes/how-warren-buffett-became-the-greatest-investor-to-ever-live-part-2/) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) ‘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] (https://river.com/) 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] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://invest.atakama.com/wsb) . ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---Send, spend, and receive money around the world easily with [Wise] (https://wise.com/tip) . ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

26 May 2023

53 MINS

53:15

26 May 2023


#733

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 - Intro 01:59 - 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 RESOURCES ---Tuur Demeester's [Bitcoin Reformation Article] (https://www.hope.com/content/dam/hope-assets/collateral/the-bitcoin-reformation.pdf) . ---Tuur Demeester's Latest article: [How To Position For the Bitcoin Boom] (https://unchained.com/how-to-position-bitcoin-boom) . ---Tuur Demeester's article from 2015: [How to Position For the Rally in Bitcoin] (https://adamantresearch.com/files/archive/Rally2015.pdf) . ---Tuur Demeester's [articles from 2015] (https://bitcoinmagazine.com/authors/tuur-demeester) . ---Tuur Demeester's [articles from 2014 - 2021] (https://tuurdemeester.medium.com/) . ---Related episode: Listen to [BTC130:Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester] (https://link.chtbl.com/BTC130) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/inscriptions-high-fees-on-bitcoin-l1-tuur-demeester/) . ---Related episode: Listen to [BTC033: Important Bitcoin Consideration with Tuur Demeester] (https://link.chtbl.com/BTC033) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/important-bitcoin-considerations-w-tuur-demeester/) . ---Related episode: Listen to [WSB244: Bitcoin 101 w/ Expert Tuur Demeester] (https://link.chtbl.com/WSB244) , or watch the [video] (https://www.theinvestorspodcast.com/episodes/bitcoin-101-tuur-demeester/) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) '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] (https://river.com/) 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] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://invest.atakama.com/wsb) . ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---Send, spend, and receive money around the world easily with [Wise] (https://wise.com/tip) . ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

24 May 2023

47 MINS

47:16

24 May 2023


#732

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 RESOURCES ---John’s new book - [The Uncertainty Solution] (https://www.amazon.com/Uncertainty-Solution-Invest-Confidence-Face/dp/B0BWSK54V1?keywords=the+uncertainty+solution&qid=1684006032&sprefix=the+uncert%2Caps%2C100&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=45c3b9e4a21cb016bbc3542c8d11f422&language=en_US&ref_=as_li_ss_tl) . ---John’s [website] (https://johnmjennings.com/) . ---John’s firm - [St. Louis Trust & Family Office] (https://www.stlouistrust.com/) . ---Check out our newly released [TIP Mastermind Community] (http://theinvestorspodcast.com/mastermind) . ---Check out our recent episode covering the [2023 Berkshire Hathaway Shareholder Meeting] (https://link.chtbl.com/WSB551) or watch the [video] (https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-annual-shareholders-meeting-2023/) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://wise.com/tip) . ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

21 May 2023

1 HR 14 MINS

1:14:39

21 May 2023


#731

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 RESOURCES ---Check out [Crescat Capital] (https://www.crescat.net/) . ---Check out our newly released [TIP Mastermind Community] (http://theinvestorspodcast.com/mastermind) . ---Check out our recent episode covering the [2023 Berkshire Hathaway Shareholder Meeting ] (https://link.chtbl.com/WSB551) or watch the video [here.] (https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-annual-shareholders-meeting-2023/) ---Follow Tavi on [Twitter] (https://twitter.com/TaviCosta) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://wise.com/tip) . ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

19 May 2023

1 HR 22 MINS

1:22:30

19 May 2023


#730

BTC130: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester (Bitcoin Podcast)

In this first of a two-part series, Preston Pysh and Tuur Demeestercover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:59 - 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 RESOURCES ---Tuur Demeester's [Bitcoin Reformation Article] (https://www.hope.com/content/dam/hope-assets/collateral/the-bitcoin-reformation.pdf) . ---Tuur Demeester's Latest article: [How To Position For the Bitcoin Boom] (https://unchained.com/how-to-position-bitcoin-boom) . ---Tuur Demeester's article from 2015: [How to Position For the Rally in Bitcoin] (https://adamantresearch.com/files/archive/Rally2015.pdf) . ---Tuur Demeester's [ articles from 2015] (https://bitcoinmagazine.com/authors/tuur-demeester) . ---Tuur Demeester's [articles from 2014 - 2021] (https://tuurdemeester.medium.com) . ---Related episode: Listen to [BTC131:Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester] (https://link.chtbl.com/BTC131) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/positioning-for-the-bitcoin-boom-tuur-demeester/) . ---Related episode: Listen to [BTC033: Important Bitcoin Consideration with Tuur Demeester] (https://link.chtbl.com/BTC033) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/important-bitcoin-considerations-w-tuur-demeester/) . ---Related episode: Listen to [WSB244: Bitcoin 101 w/ Expert Tuur Demeester] (https://link.chtbl.com/WSB244) , or watch the [video] (https://www.theinvestorspodcast.com/episodes/bitcoin-101-tuur-demeester/) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with [Viator] (https://www.viator.com/) . 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] (https://wise.com/tip) . ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

17 May 2023

48 MINS

48:22

17 May 2023


#729

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 today 30:42 - 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 Reserve 49:36 - How Sam thinks through when to buy and when to sell 50:48 - A play-by-play breakdown of how he sold Equity Group Investments to Blackstone for nearly $40 billion dollars 1:06:08 - Why he says “liquidity = value” Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Am I Being Too Subtle by Sam Zell [Book] (https://www.amazon.com/s?k=am+i+being+too+subtle+sam+zell&hvadid=580766089661&hvdev=c&hvlocphy=1013962&hvnetw=g&hvqmt=e&hvrand=13347513200725383785&hvtargid=kwd-332390163758&hydadcr=21931_13324213&linkCode=ll2&tag=tipnetwork-20&linkId=ce460dd141144f98cb7744621ab0f8b5&language=en_US&ref_=as_li_ss_tl) ---Bigger Pockets [Podcast] (https://www.biggerpockets.com/podcasts/real-estate) ---Trey Lockerbie [Twitter] (https://twitter.com/treylockerbie) NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) ‘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] (https://river.com/) 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] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Send, spend, and receive money around the world easily with [Wise] (https://wise.com/tip) . ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . 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] (https://wondery.com/shows/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] (https://ndtco.com/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

14 May 2023

1 HR 03 MINS

1:03:36

14 May 2023


#728

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 RESOURCES ---Check out the full video of the Berkshire Hathaway meeting [here] (https://www.youtube.com/watch?v=Dv97-S9ZL-8) . ---Join our newly released [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind/) . ---Check out our recent episode covering [Mark Leonard’s Letter’s and Constellation Software] (https://link.chtbl.com/WSB531) . Watch the video [here] (https://www.theinvestorspodcast.com/episodes/mark-leonard-the-best-capital-allocator-youve-never-heard-of/) . ---Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software [here] (https://www.youtube.com/watch?v=yM2zQxiWCOU) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) ‘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] (https://river.com/) 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] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Send, spend, and receive money around the world easily with [Wise] (https://wise.com/tip) . ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . 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] (https://wondery.com/shows/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] (https://ndtco.com/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

12 May 2023

1 HR 07 MINS

1:07:57

12 May 2023


#727

BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podca...

Alex Gladstein previously discussed his groundbreaking article on the IMF and the World Bank. On today's episode, he is back with even more as he’s turned all of his research into a full-blown book on the topic. Preston and Alex cover new and additional ideas, which are vital information for understanding the impact of the legacy financial system and the abundant hope that Bitcoin brings to so many regions around the world. 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. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Alex Gladstein's New Book: [Hidden Repression] (https://amzn.to/3psk6II) . ---Alex's Organization, [The Human Rights Foundation] (https://hrf.org) . ---Related episode: Listen to [BTC107: The Impact of IMF & World Bank w/ Alex Gladstein & Sam Callahan] (https://link.chtbl.com/BTC107) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/the-real-impact-of-the-imf-world-bank-alex-gladstein-sam-callahan/) . ---Related episode: Listen to [BTC071: How Fiat Blinds Bitcoin's Importance w/ Alex Gladstein] (https://link.chtbl.com/BTC071) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/how-fiat-blinds-bitcoins-importance-alex-gladstein/) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) '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] (https://river.com/) 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] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---Beat FOMO and move faster than the market with [AlphaSense] (https://alpha-sense.com/fs) . ---Send, spend, and receive money around the world easily with [Wise] (https://wise.com/tip) . ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . 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] (https://wondery.com/shows/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] (https://ndtco.com/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

10 May 2023

1 HR 01 MINS

1:01:15

10 May 2023


#726

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 like 04:56 - Why the Turkey stock market is attractive 10:05 - Mohnish Pabrai’s four steps to read annual reports 27:22 - What happened to Shinoken, one of Mohnish Pabrai’s previous holdings 40:56 - Mohnish Pabrai’s thoughts on Constellation Software and Mark Leonard 49:44 - Mohnish Pabrai’s thoughts on Alibaba 54:48 - How to live a truthful life Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Mohnish Pabrai’s [website] (http://www.chaiwithpabrai.com/) ---Learn more about Mohnish Pabrai’s [Dakshana Foundation] (https://dakshana.org/) ---Listen to our interview with Mohnish Pabrai about [ investing in stocks] (https://link.chtbl.com/WSB442) or watch the [ video] (https://www.theinvestorspodcast.com/episodes/investing-in-stocks-w-mohnish-pabrai/) . ---Tune into our interview with Mohnish Pabrai about [value investing and philanthropy] (https://link.chtbl.com/WSB295) or watch the [video] (https://www.theinvestorspodcast.com/episodes/tip295-mohnish-pabrai-on-value-investing-philanthropy/) . ---Listen to our interview with Mohnish Pabrai about [value investing] (https://link.chtbl.com/WSB241) or watch the [video] (https://www.theinvestorspodcast.com/episodes/tip241-value-investing-w-mohnish-pabrai/) . ---Tune into our interview with Mohnish Pabrai about [value investing in 2021] (https://link.chtbl.com/WSB347) or watch the [video] (https://www.theinvestorspodcast.com/episodes/value-investing-in-2021-w-mohnish-pabrai/) . ---Listen to our interview with [William Green about Mohnish Pabrai] (https://link.chtbl.com/WSB345) or watch the [video] (https://www.theinvestorspodcast.com/episodes/richer-wiser-happier-w-william-green/) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---If you’re into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give [Nudge] (https://www.nudgepodcast.com/) , hosted by Phil Agnew, a listen! ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium! ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---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] (https://wondery.com/shows/flipping-the-bird-elon-vs-twitter/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

07 May 2023

1 HR 02 MINS

1:02:55

07 May 2023


#725

TIP549: 2 High-Quality Compounders

On today’s episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries. Both companies have strong competitive advantages, strong fundamentals, high insider ownership, and managers who think and act like owners, which led Clay to researching them further during this episode. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:05 - Clay’s biggest takeaways from reading 100 Baggers by Chris Mayer. 07:00 - Chuck Akre’s 3 legged stool approach to compounding wealth. 09:00 - Clay’s assessment of Topicus as an individual stock. 08:00 - Topicus’s history as a business. 10:00 - Why Topicus operating in Europe is potentially a big competitive advantage. 29:00 - Why Copart is well-positioned to prevent competition from taking their market share. 47:00 - Copart’s insider ownership. 54:00 - Potential risks for Topicus and Copart. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Luxor Capital’s [Presentation] (https://www.luxorcap.com/LuxRBA021623.pdf) . ---Willis Johnson’s book [Junk to Gold] (https://www.amazon.com/Junk-Gold-Salvage-Largest-Auction/dp/B0B6GNRPZ4/ref=sr_1_1?crid=1F8B2PNTZLROT&keywords=junk+to+gold&qid=1682712979&sprefix=junk+to+gold%2Caps%2C134&sr=8-1) . ---Check out our newly released [TIP Mastermind Community] (http://theinvestorspodcast.com/mastermind) . ---Check out our recent episode covering [Mark Leonard’s Letters and Constellation Software] (https://link.chtbl.com/WSB531) or watch the [video] (https://www.theinvestorspodcast.com/episodes/mark-leonard-the-best-capital-allocator-youve-never-heard-of/) . ---Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software [here] (https://www.youtube.com/watch?v=yM2zQxiWCOU) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---If you’re into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give [Nudge] (https://www.nudgepodcast.com/) , hosted by Phil Agnew, a listen! ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium! ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---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] (https://wondery.com/shows/flipping-the-bird-elon-vs-twitter/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

05 May 2023

49 MINS

49:51

05 May 2023


#724

BTC128: Evolving w/ the Technium w/ Kevin Kelly (Bitcoin Fundamentals)

Preston Pysh interviews the author of one of his favorite books of all time, Kevin Kelly. Kevin is the founding editor of the global brand Wired Magazine. In this episode, they talk about all the interesting ideas about technology, AI, where it’s going, and more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:12 - What is the Technium and how did Kevin come to understand the term? 02:12 - Why are ecosystems NOT in equilibrium? 06:28 - What are Kevin's thoughts on AI helping biology and longevity research? 14:06 - Thoughts about Kevin's new book, "Excellent Advice for Living". 24:19 - How does technology have its own evolution? 24:19 - Does Biology seek efficiency and is that what we are trying to accomplish with technology? 44:19 - Kevin's experience with the 10,000 year clock. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Kevin's New Book, [Excellent Advice for Living] (https://amzn.to/3LK1AnQ) . ---Kevin's book, [What Technology Wants] (https://amzn.to/3AQNtGQ) . ---Kevin's [Twitter] (https://twitter.com/kevin2kelly?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---Have peace of mind knowing [River] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Join over 5k investors in the data security revolution with [Atakama] (https://invest.atakama.com/wsb) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give [Nudge] (https://www.nudgepodcast.com/) , hosted by Phil Agnew, a listen! ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium! ---Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with [New Direction Trust Company] (https://ndtco.com/) . ---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] (https://wondery.com/shows/flipping-the-bird-elon-vs-twitter/) . ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

03 May 2023

50 MINS

50:22

03 May 2023


#723

TIP548: Berkshire Hathaway Masterclass 2023 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 CAGR of 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&P500. There is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 10:21 - The intrinsic value of Berkshire Hathaway and what the P/B of Berkshire Hathaway tells us & what it doesn’t tell us. 16:34 - How to think about depreciation and maintenance CAPEX 19:02 - Why the insurance business is worth approximately as much as the energy and railroad businesses combined 35:17 - How to think about Berkshire Hathaway’s bigger equity positions 1:13:49 - Where you can use Berkshire Hathaway to park cash? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Listen to Stig’s masterclass with Chris Bloomstran on [valuing Berkshire Hathaway] (https://link.chtbl.com/WSB438) or watch the [video] (https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-masterclass-w-chris-bloomstran/) . ---Tune in to Stig’s masterclass with Chris Bloomstran on [equity valuations] (https://link.chtbl.com/WSB346) or watch the [video] (https://www.theinvestorspodcast.com/episodes/masterclass-in-valuations-w-chris-bloomstran/) . ---Chris Bloomstran’s [website] (https://www.semperaugustus.com) . ---Read Chris Bloomstran’s [letters to his clients] (https://www.semperaugustus.com/clientletter) . ---Buffett [resource on CNBC] (https://buffett.cnbc.com/) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/richer-wiser-happier/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) '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] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/WSB) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Capitalize on the rapidly growing cybersecurity market today with [Atakama] (https://invest.atakama.com/wsb) . ---Have [Commonwealth Private] (https://commbank.com/success) 's Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy. ---If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give [Nudge] (https://www.nudgepodcast.com/) , hosted by Phil Agnew, a listen! ---Get yourself a [Blockstream Jade] (https://store.blockstream.com/fundamentals) -- An all-in-one, bitcoin-only hardware wallet that makes protecting your bitcoin so easy. Use the coupon codeFundamentalsto get 10% off. ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Hire expert marketers, on-demand, with [MarketerHire] (https://marketerhire.com/wsb) . Listeners get a $1,000 credit for first-time customers when you use code WSB. ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium! ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

30 Apr 2023

1 HR 25 MINS

1:25:04

30 Apr 2023


#722

TIP547: The Truth About Stock Market Forecasts

On today’s episode, Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 03:02 - Why we should read more history and study fewer forecasts. 12:05 - Why “Don’t Fight the Fed” is a misguided investment strategy. 22:15 - Why the ability to change our mind as investors is more critical now than ever before. 28:37 - What base rates are and why Buffett loves companies with high base rates. 32:32 - Gautam’s wisdom related to opportunity costs. 39:11 - How Nick Sleep, Charlie Munger, Warren Buffett have become masters of pattern recognition and better investors because of it. 56:34 - Why value investors should generally avoid stop loss orders on long-term secular winners. 62:48 - What the real secret is to utilizing the power of compounding. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join our newly released [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind/) . ---Check out the book, [The Joys of Compounding] (https://www.amazon.com/Joys-Compounding-Passionate-Heilbrunn-Investing/dp/0231197322?keywords=the+joys+of+compounding+by+gautam+baid&qid=1677875949&sprefix=the+joys+of+com%2Caps%2C126&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=70ea5b2ea31f9f69db2f552bd4770cfc&language=en_US&ref_=as_li_ss_tl) . ---Tune into our previous episodes covering The Joys of Compounding: [Part 1] (https://link.chtbl.com/WSB534) , [Part 2] (https://link.chtbl.com/WSB536) , [Part 3] (https://link.chtbl.com/WSB543) , & [Part 4 ] (https://link.chtbl.com/WSB546) or watch the videos [here,] (https://www.theinvestorspodcast.com/episodes/the-joys-of-compounding-by-gautam-baid/) [here ,] (https://www.theinvestorspodcast.com/episodes/buffett-and-mungers-principles-and-mental-models/) [ here] (https://www.theinvestorspodcast.com/episodes/100-baggers-stocks-that-return-100-1-w-chris-mayer/) and [ here] (https://www.theinvestorspodcast.com/episodes/the-holy-grail-of-long-term-value-investing/) . ---Check out our recent episode covering [Mark Leonard's Letter's and Constellation Software] (https://link.chtbl.com/WSB531) . Watch the video [here] (https://www.theinvestorspodcast.com/episodes/mark-leonard-the-best-capital-allocator-youve-never-heard-of/) . ---Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software [here] (https://www.youtube.com/watch?v=yM2zQxiWCOU) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) ---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) . P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) '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] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/WSB) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Capitalize on the rapidly growing cybersecurity market today with [Atakama] (https://invest.atakama.com/wsb) . ---Have [Commonwealth Private] (https://commbank.com/success) 's Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy. ---If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give [Nudge] (https://www.nudgepodcast.com/) , hosted by Phil Agnew, a listen! ---Get yourself a [Blockstream Jade] (https://store.blockstream.com/fundamentals) -- An all-in-one, bitcoin-only hardware wallet that makes protecting your bitcoin so easy. Use the coupon codeFundamentalsto get 10% off. ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Hire expert marketers, on-demand, with [MarketerHire] (https://marketerhire.com/wsb) . Listeners get a $1,000 credit for first-time customers when you use code WSB. ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium! ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . HELP US OUT! Help us reach new listeners by leaving us a [rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

28 Apr 2023

1 HR 01 MINS

1:01:06

28 Apr 2023


#721

BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair (Bitcoin Podcast)

Preston Pysh and Dylan LeClair cover Dylan's use of AI, programming, and on-chain analytics, what's driving the recent surge we've seen in the Bitcoin price since the start of the year, and what he's personally paying attention to in the general macro overview. Dylan is one of the lead writers and researchers at Bitcoin Magazine Pro and has some of the most interesting and well-researched takes on what's currently happening with the market. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:11 - What has Dylan been doing with Python, AI, and on-chain analytics? 14:38 - A review of charts that Dylan is finding most important. 29:23 - Does the lack of exuberance in the past cycle compress the spring for the next cycle? 41:09 - What comes next from the G7 government on the crypto enterprise? 52:39 - Dylan's thoughts on commercial real estate. 53:47 - Dylan's thoughts on Binance moving forward. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences . BOOKS AND RESOURCES --- [Dylan's Twitter] (https://twitter.com/DylanLeClair_) . --- [Bitcoin Magazine Pro] (https://bitcoinmagazine.com/tags/bitcoin-magazine-pro) . ---Related episode: Listen to [BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair] (https://link.chtbl.com/BTC106) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/ftx-failure-gbtc-genesis-dcg-dylan-leclair/) . ---Related episode: Listen to [BTC053: Bitcoin Derivatives & On-Chain Data w/ Will Clemente & Dylan LeClair] (https://link.chtbl.com/BTC053) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-derivatives-on-chain-data-with-will-clemente-dylan-leclair/) . NEW TO THE SHOW? ---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) . ---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) . ---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) . ---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) . ---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/) P.S The Investor’s Podcast Network is excited to launch a [subreddit] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit [r/TheInvestorsPodcast] (https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ) today! SPONSORS ---If you’re aware you need to improve your bitcoin security but have been putting it off, [Unchained Capital] (https://unchained.com/concierge) '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] (https://river.com/) holds Bitcoin in multi-sig cold storage with 100% full reserves. ---Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with [EquityMultiple] (https://equitymultiple.com/WSB) . ---Make connections, gain knowledge, and uplift your governance CV by becoming a member of the [AICD] (https://aicd.com.au/member) today. ---What does happen when money and big feelings mix? Tune in to find out on the new podcast, [Open Money] (https://podcasts.apple.com/ca/podcast/open-money-by-servus-credit-union/id1674940247) , presented by Servus Credit Union. ---Capitalize on the rapidly growing cybersecurity market today with [Atakama] (https://invest.atakama.com/wsb) . ---Have [Commonwealth Private] (https://commbank.com/success) 's Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy. ---If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give [Nudge] (https://www.nudgepodcast.com/) , hosted by Phil Agnew, a listen! ---Get yourself a [Blockstream Jade] (https://store.blockstream.com/fundamentals) -- An all-in-one, bitcoin-only hardware wallet that makes protecting your bitcoin so easy. Use the coupon codeFundamentalsto get 10% off. ---Apply for the Employee Retention Credit easily, no matter how busy you are, with [Innovation Refunds] (https://getrefunds.com/) . ---Hire expert marketers, on-demand, with [MarketerHire] (https://marketerhire.com/wsb) . Listeners get a $1,000 credit for first-time customers when you use code WSB. ---Discover the leading community for engaged investors, and the best source of investment analysis and opinion with [Seeking Alpha] (https://seekingalpha.com/wsb99) . Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium! ---Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) . See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

26 Apr 2023

1 HR 08 MINS

1:08:47

26 Apr 2023