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 150,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve. 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 or subscribe to our free daily newsletter here. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

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 150,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve. 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 or subscribe to our free daily newsletter here. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

 

#860

TIP618: Stig's Portfolio Performance since 2014 w/ Stig Brodersen & Clay Finck

On today’s episode, Clay and Stig discuss the performance of Stig’s portfolio over the past 10 years and what he has learned from managing his portfolio over that time. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - How Stig’s portfolio has performed over the past 10 years. 06:29 - Why Stig invested with Mohnish Pabrai. 28:32 - How private investments fit into Stig’s portfolio. 33:53 - Stig’s biggest investment mistakes. 40:17 - Why investing in Alibaba was a mistake. 46:21 - Stig’s biggest winners. 58:32 - How his approach has changed over the years. 1:08:46 - Whether TIP will ever launch a fund. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Stig’s [blog post] (https://www.theinvestorspodcast.com/articles/stig-brodersen-track-record-portfolio/) on his portfolio and track record since 2014. ---Learn more about [The Berkshire Summit] (https://www.theinvestorspodcast.com/berkshiresummit/) . ---Track your portfolio with [Sharesight] (https://www.sharesight.com/) . ---William’s book: [Richer, Wiser, Happier] (https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.vaFQv8Czgg5Dl7UTRvUoiMgjZk9YQr_opsPC8YoHIZ-rIj57v67C51Co3u3NCwWG-OALhegFG5-7C97SB9u9b_4bAv_lI8v1qrjyrRgLKeAHpI0JoLvfOeRCAPL2FocBoISKqhExr3TG8dOTAw5zSncTWk3KdogjpDnsDfLDZxwC9v8wwj06X7KMInt1zBow_obqDXvgB93mFf-y5r3fhIeLMziHajP2Eppn5WJpNHo.MvNVgm-IBRLFfvpK50e06vNol3hVjWQiYcku5AHVBIs&qid=1711121339&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=d20579301450bc639a0ffb4d9287bf5f&language=en_US&ref_=as_li_ss_tl) . ---Episode Mentioned: [TIP442: Investing in Stocks w/ Mohnish Pabrai] (https://link.chtbl.com/WSB442) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/investing-in-stocks-w-mohnish-pabrai/) . ---Episode Mentioned: [TIP606: Multi-Bagger First Principles w/ Ian Cassel] (https://link.chtbl.com/WSB606) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/multi-bagger-first-principles-w-ian-cassel/) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . ---Enjoy ad-free episodes when you subscribe to our  [Premium Feed] (https://premium.theinvestorspodcast.com/) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

8 hrs Ago

1 HR 26 MINS

1:26:37

8 hrs Ago


#859

BTC175: MicroStrategy Deep Dive w/ Jeff Walton (Bitcoin Podcast)

Today's Bitcoin Fundamentals features Jeff Walton discussing MicroStrategy's finance strategies, including valuation and leveraging Bitcoin. We examine price actions, trading methods, and the impact of traditional finance on BTC futures, offering insights into the intersection of enterprise software and financial engineering. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:41 - The role of MicroStrategy in modern financial strategies. 07:41 - Game theory principles applied to market structure and investor behavior. 16:18 - How Jeff Walton evaluates MicroStrategy's valuation. 16:18 - Insights into leveraging Bitcoin as collateral in finance. 16:18 - The potential of enterprise software in financial engineering. 32:58 - The differences between trading strategies and investment philosophies. 50:45 - The dynamics behind the price action of MicroStrategy's stock. 56:02 - Understanding short squeezes and their impact on valuation. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Jeff Walton's  [Twitter] (https://twitter.com/PunterJeff) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/btc) . ---Enjoy ad-free episodes when you subscribe to our  [Premium Feed] (https://premium.theinvestorspodcast.com/) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---Check out our [Bitcoin Fundamentals Starter Packs] (https://www.theinvestorspodcast.com/bitcoin-fundamentals-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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

27 Mar 2024

1 HR 00 MINS

1:00:01

27 Mar 2024


#858

TIP617: Improve Your Investing Operating System w/ Vitaliy Katsenelson

Kyle Grieve chats with Vitaliy Katsenelson about why we should align ourselves with what we love doing, how stoicism has helped Vitaliy deal with the volatility of negative emotions in the market and life, Vitaliy’s four favorite stoic tools, how to engineer our environments to improve our decision making and decrease costly mistakes, how we can utilize specific modes of communication to foster the learning process, why we should concern ourselves more with the truth and less on being right, how the markets have developed in the last decade pertaining to sideways markets, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:04 - What soul in the game is and why it's so important to understand it if you want to truly excel at investing and other passions. 07:36 - Why meditation is such a powerful tool to help improve stress. 13:40 - How Vitaliy prioritizes areas of his life to ensure he's spending the right amount of time on high-priority areas. 19:13 - How stoicism has helped Vitaliy remove the volatility of negative emotion in the market and life. 20:13 - How investors can utilize the dichotomy of control to navigate volatile markets better. 20:13 - Simple negative visualizations to use on individual stocks and your portfolio to improve decision-making. 36:43 - Why toxic environments can influence us to live by other people's values. 40:30 - Why specific tasks should be delegated so you are focused only on creating value. 48:16 - Why our modes of communication can limit or expedite our abilities to improve and learn. 48:25 - The importance of discovering the truth for successful investing. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Buy Soul In The Game [here] (https://www.amazon.ca/Soul-Game-Art-Meaningful-Life-ebook/dp/B09MKNQT4X?crid=1L1Q4OO5NEUIS&dib=eyJ2IjoiMSJ9.F2hdbq72pS8FOfoYq3tDBrHFTzhM_IBo1hLc0XapHgDGF1pkUnq0fQlLAk_j3SXzzDRLCtnN90e0GZMrLKUxXXjsTNtgtbB1O1Esh_wyWyQ_e4qadIiVCgSgBsB88cTd.eYBOthaP2cpTlfVPcNGiYfx8loMhp7gxyiuvVO_ujhs&dib_tag=se&keywords=vitaliy+katsenelson&qid=1710524615&sprefix=vitaliy+ka%2Caps%2C247&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=0640402fc1e102b926003ddc5c94fba3&language=en_CA&ref_=as_li_ss_tl) . ---Buy The Little Book Of Sideways markets [here] (https://www.amazon.ca/Little-Book-Sideways-Markets-Nowhere/dp/0470932937?crid=1L1Q4OO5NEUIS&dib=eyJ2IjoiMSJ9.F2hdbq72pS8FOfoYq3tDBrHFTzhM_IBo1hLc0XapHgDGF1pkUnq0fQlLAk_j3SXzzDRLCtnN90e0GZMrLKUxXXjsTNtgtbB1O1Esh_wyWyQ_e4qadIiVCgSgBsB88cTd.eYBOthaP2cpTlfVPcNGiYfx8loMhp7gxyiuvVO_ujhs&dib_tag=se&keywords=vitaliy+katsenelson&qid=1710524615&sprefix=vitaliy+ka%2Caps%2C247&sr=8-3&linkCode=ll1&tag=tipnetwork-20&linkId=a54fe8643719c19ed3b58021bf8a169a&language=en_CA&ref_=as_li_ss_tl) . ---Read Vitaliy’s articles [here] (https://investor.fm/) . ---Check out Vitaliy’s fund, IMA, [here] (https://imausa.com/) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Follow Kyle on [Twitter] (https://twitter.com/IrrationalMrkts) and [LinkedIn] (https://www.linkedin.com/in/kylegrievetip/) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . ---Enjoy ad-free episodes when you subscribe to our  [Premium Feed] (https://premium.theinvestorspodcast.com/) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

24 Mar 2024

1 HR 09 MINS

1:09:24

24 Mar 2024


#857

TIP616: The Godfather of Influence w/ Dr. Robert Cialdini

On today’s episode, Clay is joined by Dr. Robert Cialdini to discuss Charlie Munger’s favorite book – Influence: The Psychology of Persuasion. Dr. Cialdini is a New York Times Best Selling Author of Influence and Pre-Suasion. He is also CEO and President of Influence at Work where they focus on ethical training, corporate keynote program, and the Cialdini Method Certified Trainer program. He received his PhD from the University of North Carolina and post-doctoral from Columbia University. In acknowledgment of his outstanding research achievements and contributions in behavioral science, he is frequently regarded as the “Godfather of Influence.” IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:53 - The story of what led Charlie Munger to give a Berkshire A share to Dr. Cialdini. 03:57 - How Buffett and Munger use reciprocity to enrich the world and themselves. 10:36 - What Cialdini learned in his personal interactions with Munger. 18:55 - How the commitment & consistency bias can affect us as investors. 23:04 - How we can utilize the principles of Influence in an honest and ethical way. 26:28 - Why trust is at the foundation of all great business relationships. 40:23 - Why the principle of scarcity is so powerful even in a world full of abundance. 58:54 - How we can guard ourselves against the liking bias when assessing management. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Check out [Influence at Work] (https://www.influenceatwork.com/) & the [Cialdini Institute] (https://cialdini.com/) . ---Dr. Cialdini’s books: [Influence] (https://www.amazon.com/NEW-Influence-Psychology-Persuasion-New-Expanded/dp/B09VQ3XCZV?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.pHPOVcZYsLttz9Xicg4LIUIaenUTcIHGC-pRG1t8P2SHMQ_4q3jEH5Z6-fAvBjYs5elVwEt4-I7MLfkOJQJO78V0loz-L86a0xIXWuGPz1YYmFcfMjs0vkpL355bBJ8D6774Q1Sq6M_GeKVGdEcgXiJqy82lUnGQ4jpOZ0Sg6BCKk0RsB0ZVVDlr3ymHPxHiia5rrwer68SfNl6gP_-z3A-fo0PIJjOnbbCTg6eY7Cc.adJUd2CfT-1_U7MPeB2AoMooQD7yoyU3aY7c7KjgsFA&qid=1711007970&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=9c93cd90df6d7384c07b5ca5acb25cf5&language=en_US&ref_=as_li_ss_tl) , [Pre-Suasion] (https://www.amazon.com/Pre-Suasion-Revolutionary-Way-Influence-Persuade/dp/1501109804?_encoding=UTF8&qid=&sr=&linkCode=ll1&tag=tipnetwork-20&linkId=40281be72c99c91a2b68d443f77389cb&language=en_US&ref_=as_li_ss_tl) , [Yes!: 50 Scientifically Proven Ways to Be Persuasive] (https://www.amazon.com/Yes-Scientifically-Proven-Ways-Persuasive/dp/1416576142?dib=eyJ2IjoiMSJ9.mgwbACQLBgdIBR46A7vXEzAiOhZ4FZxM_MBcdud5YKA.lWwE7htfjX1KxtXO_-1qYDML9TD8xuJFkUE-6GPDaLE&dib_tag=se&qid=1711008066&refinements=p_27%3ARobert+Cialdini+Ph.D.&s=books&sr=1-2&text=Robert+Cialdini+Ph.D.&linkCode=ll1&tag=tipnetwork-20&linkId=a53542fa29da6dbb7abc88a5558c92ca&language=en_US&ref_=as_li_ss_tl) ---Related Episode: [MI091: Warren Buffett’s #3 & Charlie Mungers #1 Business Book Of All-time w/ Robert Cialdini] (https://link.chtbl.com/MI091) | [YouTube Video] (https://www.theinvestorspodcast.com/millennial-investing/buffett-munger-influence-book/) ---Related Episode: [TIP022: Influence – Robert Cialdini’s Psychology Of Persuasion w/ Preston & Stig] (https://link.chtbl.com/WSB022) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/influence-robert-cialdinis-psychology-of-persuasion/) ---Follow Robert on [Twitter] (https://twitter.com/RobertCialdini) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

22 Mar 2024

58 MINS

58:59

22 Mar 2024


#856

BTC174: Is Bitcoin Property, Currency, or Both? w/ Parker Lewis & Will Cole (Bitcoin Podcast)

Join us as Parker Lewis & Will Cole delve into Bitcoin's role as property or currency, discuss Bill Ackman's views and Saylor's latest buy. We explore Bitcoin payments, the impact of high rates, and the future of digital authentication. This episode is packed with insights on the evolving cryptocurrency landscape and its broader economic implications. Tune in for a deep dive into the forefront of digital assets. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 11:03 - Bill Ackman's prediction on Bitcoin's cycle and its implications on the economy. 26:26 - Michael Saylor's strategic acquisition of an additional 12,000 BTC for MicroStrategy. 27:12 - The debate on whether Bitcoin should be considered digital property or a currency. 38:50 - The potential of Bitcoin payments and the innovative approach of Zaprite. 38:50 - Integration of fiat payments in the Bitcoin ecosystem, including the use of stablecoins and traditional currencies. 51:28 - The feasibility and implications of receiving lightning payments through a Tor-enabled node. 51:28 - The challenge of authentication in the digital age, especially in the context of AI and the potential for misinformation. 01:02:32 - A discussion on global policy trends and competition in the digital asset space, highlighting the strategic importance of cryptocurrency. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Checkout Parker and Will’s company [ZapRite] (https://zaprite.com) . ---Parker’s recent book: [Gradually, Then Suddenly] (https://academy.saifedean.com/product/gradually-then-suddenly-hardcover/) . ---Related Episode: Listen to [BTC156: Bitcoin is Not A Hedge w/ Parker Lewis] (https://link.chtbl.com/BTC156) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-is-not-a-hedge-parker-lewis/) . ---Related Episode: Listen to [BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole] (https://link.chtbl.com/BTC092) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-energy-custody-parker-lewis-will-cole/) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/btc) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---Check out our [Bitcoin Fundamentals Starter Packs] (https://www.theinvestorspodcast.com/bitcoin-fundamentals-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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

20 Mar 2024

1 HR 05 MINS

1:05:19

20 Mar 2024


#855

RWH043: Survive & Thrive w/ Guy Spier: Part 2

In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 2, Guy shares insights on how to succeed over the long run by avoiding dumb investment behavior, building the right relationships, and recognizing our weaknesses. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.” IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:36 - What dumb investment behavior Guy Spier strives to avoid 05:12 - What type of companies he shuns 07:05 - Why good relationships are a key to financial & personal success 07:25 - Why we should be especially wary of leverage 15:46 - Why it’s vital to find “friends along the path” who support us emotionally 29:34 - Why it’s helpful to shine a light on our own weaknesses 41:18 - How he handles painful, contentious conversations 51:24 - How to engage with people whose beliefs & experiences differ from ours 1:07:05 - What role money does—or doesn’t—play in a rich & meaningful life 1:11:11 - What Guy learned from Warren Buffett’s exercise of writing your own obituary 1:31:39 - How reading great literature can make you wiser & happier Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Related Episode: William Green’s [2023 interview with Guy Spier] (https://link.chtbl.com/RWH023) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/defensive-investing-in-dangerous-times-w-guy-spier/) . ---Related Episode: William Green’s [2022 interview with Guy Spier] (https://link.chtbl.com/RWH009) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-build-enduring-wealth-w-guy-spier/) . ---Related Episode: William Green’s interview with [Daniel Goleman & Tsoknyi Rinpoche] (https://link.chtbl.com/RWH018) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-be-happy-w-tsoknyi-rinpoche-daniel-goleman/) . ---Related Episode: William Green’s interview with [Chris Davis] (https://link.chtbl.com/RWH035) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/learning-from-warren-buffett-charlie-munger-w-chris-davis/) . ---The Dishcast podcast with David Brooks on “ [Transcending Hate & Loneliness] (https://andrewsullivan.substack.com/p/david-brooks-on-transcending-hate) ”. ---Daniel Siegel’s book [“The Developing Mind”] (https://www.amazon.com/Developing-Mind-Third-Relationships-Interact/dp/B088FWWLLF?crid=OGES46ZX80A3&dib=eyJ2IjoiMSJ9.YLDde29j-rthu_dg8bzFRHewpY6H12VdHcwoOQpVDZWA8baHDEqD6opqVQkN5iDt4D5AEjZAWyCp3YKzOLkDp-QRz2jn7BKKHOZ4XLxJySJ17cNNhP7DUT93N2s253UIxAcosvNSr3VyyJJo2No5da8V6zvLyZ7WgTj5YB11GzIfj1ynKZQJYuMpwSPl4dIWodBNyKXv0UyzXU6gRtSjob7obBqRMUw2mXiwlxD1EKg.DwskDLsvCi7Qn7AWvSfg01bpyTmi5uA-q8B9Vj8cPZE&dib_tag=se&keywords=dan+siegel+the+developing+mind&qid=1710204924&sprefix=DAN+SIEGEL+T%2Caps%2C229&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=5d986b2d595e3c3074ea79b1a9c86fb2&language=en_US&ref_=as_li_ss_tl) . ---Harville Hendrix’s book “ [Doing Imago Relationship Therapy in the Space-Between] (https://www.amazon.com/Doing-Imago-Relationship-Therapy-Space-Between/dp/B0957ZXRDM?crid=48L633X9AM1N&dib=eyJ2IjoiMSJ9.6d3DgbRUwGzhoqyPp7fMO7bzmZ3ZgMad0cVP2I4lKxU5NRzEQXeaAjubquHVTjnwLARoO1RKapGSwmZ0gXdnn3cpz4fHVYPu-J-BccpLARWIGeV65aEzQig-kcACjx0I5QVkOGe5j_I1Mn7q0jFixSxZnM_hAEXP4tuw_sJCCkVrfWHo_--G8gNyJQEVM4B8iumnfTCpBXAx2L9R13Oez6koakQ-aor2tZZyD5aN-N4.YSkw4iR8TLi0CLhyBrz115eKZCbb3pPkNmWH54BDfdY&dib_tag=se&keywords=imago+therapy&qid=1710205162&sprefix=imago+therapy%2Caps%2C274&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=238461be9caada34511f1a23456cd13f&language=en_US&ref_=as_li_ss_tl) ”. ---Marcel Proust’s book “ [In Search of Lost Time] (https://www.amazon.com/Search-Lost-Time-Library-Classics/dp/0812969642?crid=2U7214WWW2FLR&dib=eyJ2IjoiMSJ9.69h5FhDzFD_mID2kWJF7pTMu1iBiMpiwcREWK5vQufg9ZGBmWps48FGIQTQyo0ZY5gburGyeSj2t2Pd9OZqbNInEaPsLdkoYZKmvbXK0G_EqeiWchgOemI2663hL5UE1cZQRVQrKwWQ90HKoO2XUjK8j9GyLqQo-Knde9MloR7db6lEQm40gtl6yecnP3QPF2Ur01oOw8QwgPOxL-9i9ZD5Zh0x612h5RDWOG3_CMkE.lPElyXQKhteC9w4NfY8XBDGS_9nhr0Dr4Z-PukAlXGI&dib_tag=se&keywords=in+search+of+lost+time+proust&qid=1710209877&sprefix=in+search+of+lost+time%2Caps%2C153&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=61ddbc74281590ad50fe9f005db87f37&language=en_US&ref_=as_li_ss_tl) ”. ---Guy Spier’s book, “The Education of a Value Investor" –  [read reviews of the book] (https://www.amazon.com/Education-Value-Investor-Transformative-Enlightenment-ebook/dp/B00KF2JU2W?crid=27FSCXHXD3724&keywords=The+Education+of+a+Value+Investor&qid=1642010969&s=digital-text&sprefix=the+education+of+a+value+investor%2Cdigital-text%2C332&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=912bccce0b1171cf748443c869364520&language=en_US&ref_=as_li_ss_tl) . ---Subscribe to Guy Spier’s  [free newsletter] (https://www.guyspier.com/newsletter/) . ---Guy Spier’s  [podcast and website] (https://www.guyspier.com/) . ---Guy Spier [interviews] (https://www.guyspier.com/conversation-with-william-green/) William Green about his book, “Richer, Wiser, Happier”.  ---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=5cab43a618c2601c03e74f89887c4ed9&language=en_US&ref_=as_li_ss_tl) . ---Follow William Green on X (AKA [Twitter] (https://twitter.com/williamgreen72) ). ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/rwh) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) .  SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [Wise] (https://wise.com/tip) --- [NetSuite] (https://netsuite.com/study) --- [Fidelity] (https://www.fidelity.com/) --- [TurboTax] (https://turbotax.com/) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Fundrise] (https://fundrise.com/WSB) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

17 Mar 2024

1 HR 47 MINS

1:47:27

17 Mar 2024


#854

RWH042: Survive & Thrive w/ Guy Spier: Part 1

In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 1, Guy discusses the art of compounding wealth over decades, drawing on lessons he’s learned from Warren Buffett, downhill ski racers, & his own mistakes. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.” IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:07 - Why it’s so intense for Guy Spier & William Green to collaborate 10:19 - How telling the truth changed Guy’s life 17:53 - Why the Global Financial Crisis terrified him 24:52 - Why it’s hard to invest rationally in the real world of chaos & confusion 29:25 - How Guy deals with his emotions when making investment decisions 35:03 - Why his default position is to hold his stocks indefinitely & resist meddling 38:48 - Why he didn’t sell his stake in Alibaba 42:01 - Why he’s pleased with & disappointed by his investment returns 46:32 - Why his mission is long-term compounding without catastrophe 55:06 - What Guy learned from investing in a company that went bankrupt 57:57 - What the fastest skiers can teach us about success & survival 1:00:02 - How excessive risk destroyed a fund manager he once knew 1:04:13 - What we can learn from Warren Buffett about financial resilience Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Related Episode: William Green’s [2023 interview with Guy Spier] (https://link.chtbl.com/RWH023) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/defensive-investing-in-dangerous-times-w-guy-spier/) . ---Related Episode: William Green’s [2022 interview with Guy Spier] (https://link.chtbl.com/RWH009) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-build-enduring-wealth-w-guy-spier/) . ---Guy Spier’s book, “The Education of a Value Investor" –  [read reviews of the book] (https://www.amazon.com/Education-Value-Investor-Transformative-Enlightenment-ebook/dp/B00KF2JU2W?crid=27FSCXHXD3724&keywords=The+Education+of+a+Value+Investor&qid=1642010969&s=digital-text&sprefix=the+education+of+a+value+investor%2Cdigital-text%2C332&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=4fde108a738791de50142af8cfe0e71d&language=en_US&ref_=as_li_ss_tl) . ---Subscribe to Guy Spier’s  [free newsletter] (https://www.guyspier.com/newsletter/) . ---Guy Spier’s  [podcast and website] (https://www.guyspier.com/) . ---Guy Spier [interviews] (https://www.guyspier.com/conversation-with-william-green/) William Green about his book, “Richer, Wiser, Happier”. ---Read [Gandhi: An Autobiography] (https://www.amazon.com/Gandhi-Autobiography-Story-Experiments-Truth/dp/0807059099?hvadid=312176338241&hvpos=&hvnetw=g&hvrand=9597774214516251373&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9004207&hvtargid=pla-507672443647&psc=1&mcid=9ae7c33e7dc73eab9c5697cd83279225&adgrpid=60258870897&hvpone=&hvptwo=&hvadid=312176338241&hvpos=&hvnetw=g&hvrand=9597774214516251373&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9004207&hvtargid=pla-507672443647&gclid=CjwKCAjw17qvBhBrEiwA1rU9wx_eA1JGXtHFiVHjHfS0qaequOyxL5GB4SMzr0S6kJQ1xGhlLBbjdRoCF80QAvD_BwE&linkCode=ll1&tag=tipnetwork-20&linkId=28c68ef07a92f2260f8980240e8a3020&language=en_US&ref_=as_li_ss_tl) – The Story of My Experiments with Truth. ---Luca Dellanna's book, " [Ergodicity] (https://www.amazon.com/Ergodicity-Definition-Examples-Implications-Possible/dp/B09PHBV2HD?dib=eyJ2IjoiMSJ9.kCp7ms7gMe38nl1f2niBokB9Tc0Bcuc4CGxiSq6qNvfMtqLsKeaYJ5RhrL6nnaWeujhAaMQNYhyrzVNuTJa8WK8oaKzH0sgBkUp-92KDcWobOkftWeJoXCyc5HxeSZloHGDyCEENWQhcQ4lepmGG4BZJR2iPQbWIJzeWNegK_8QiAOH3UobbKE4u5rPCFZCEEYf6LlO3BhttGYx7QJAzUGtr66hgmdBJvxlti0pIZSA.ovagu34YEGcB-sxfyh3Tw6mKI_nTlqsR8yLvm2NYEdU&dib_tag=se&keywords=Ergodicity&qid=1710610325&sr=8-1-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9hdGY&psc=1&linkCode=ll1&tag=tipnetwork-20&linkId=85b7fd46d2a00f325a130a761594ca5c&language=en_US&ref_=as_li_ss_tl) ". ---David Hawkins' book, “ [Power vs Force] (https://www.amazon.com/Power-Force-David-Hawkins-M-D/dp/1401945074?crid=1BOZMTY334PG2&dib=eyJ2IjoiMSJ9.UPcJQbutAiNlRz5oRJPfaAwyUe3BVQkD5tq-O-pwjnKGc4VoERr1ymfnR0PpjVjOeUBOvNy0Vz9XfbuvzK3Bjg_LaM_kZykaQJVQaXHndaWp919gZWIsOJPLrGR2HUfVhZIxdiH2foxeRjt0pTewyP6UvG2vTfz452DGsvpzCzpQYHglEHAlcidTvGyaIOuHYw0j0jB72CHidHEmx-C6EJr-38hJW6bOcsVu35bjHGk._uaEZSYZ4Vs25KFz1q0v3uJbhYCswTv8V46S_c6yspQ&dib_tag=se&keywords=power+vs+force+by+david+hawkins+book&qid=1710180247&s=books&sprefix=power+vs%2Cstripbooks%2C227&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=6927b3357df48e0b005baf5fe1a01b07&language=en_US&ref_=as_li_ss_tl) ”. ---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=5cab43a618c2601c03e74f89887c4ed9&language=en_US&ref_=as_li_ss_tl) . ---Follow William Green on X (AKA [Twitter] (https://twitter.com/williamgreen72) ). ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/rwh) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) .  SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [Wise] (https://wise.com/tip) --- [NetSuite] (https://netsuite.com/study) --- [Fidelity] (https://www.fidelity.com/) --- [TurboTax] (https://turbotax.com/) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Fundrise] (https://fundrise.com/WSB) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

17 Mar 2024

1 HR 12 MINS

1:12:46

17 Mar 2024


#853

TIP615: Current Market Conditions w/ Richard Duncan

On today’s episode, Clay is joined by Richard Duncan to discuss current market conditions, whether we’ll see a recession in 2024, the potential for interest rate cuts, and more. Richard Duncan is the author of The Money Revolution: How To Finance The Next American Century. Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis.   Since 2013, Richard has published Macro Watch, a video newsletter that analyzes the forces driving the economy and the financial markets in the 21st Century. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:47 - How our modern-day economy is structured with the US dropping the gold standard in 1971. 10:29 - Why our economy requires perpetual credit expansion. 17:46 - How the credit environment has developed since 2020. 26:11 - What a recession is and what the implications of a recession are. 29:47 - Why Richard foresees a recession in 2024. 31:55 - The primary drivers of credit growth. 43:26 - Why we’ll likely see interest rate cuts in 2024. 53:03 - The drawbacks of our modern-day economy. 60:00 - Indicators that investors need to monitor in today’s economy. 64:03 - Where the US is at in the AI race. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Richard Duncan [Website] (https://richardduncaneconomics.com/) . ---Macro Watch [Website] (https://richardduncaneconomics.com/) . ---The Money Revolution [Book] (https://richardduncaneconomics.com/the-money-revolution/) . ---Related Episode: [TIP488: Current Market Conditions w/ Richard Duncan] (https://link.chtbl.com/WSB488) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/current-market-conditions-w-richard-duncan/) . ---Related Episode: [TIP424: How to Finance the Next American Century w/ Richard Duncan] (https://link.chtbl.com/WSB424) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/how-to-finance-the-next-american-century-w-richard-duncan/) . ---Follow Richard on [Twitter] (https://twitter.com/papermoneyecon?lang=en) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

15 Mar 2024

1 HR 09 MINS

1:09:42

15 Mar 2024


#852

BTC173: Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard (Bitcoin Podcast)

In this episode, Bitcoin OG Pierre Rochard unpacks the Energy Information Survey's halt, its implications, and the mining community's legal victory. We delve into Pierre's thoughts on Senator Warren's initiative, the collective response, and future steps. The discussion also covers Texas' support, the impact of the upcoming halving event, and Pierre's insights on the Bitcoin 'speculative attack'. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:15 - The background and implications of the DOE's halted energy survey on Bitcoin mining. 04:04 - Pierre Rochard's perspective on Senator Elizabeth Warren's initiative to track power consumption by miners. 15:14 - The collective response of the Bitcoin mining community to regulatory challenges. 15:14 - Details of the legal victory that temporarily stopped the DOE's data collection efforts. 15:14 - How this legal battle might set a precedent for future regulatory attempts on Bitcoin mining. 33:09 - The role of Texas in supporting the cryptocurrency industry against regulatory pressures. 39:43 - Pierre's concept of the "speculative attack" and its relevance to Bitcoin's future. 56:50 - Insights into the upcoming Bitcoin halving event and its potential impact on the mining community. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Pierre Rochard's [Twitter] (https://twitter.com/BitcoinPierre) . ---Riot Platforms' [Twitter] (https://twitter.com/RiotPlatforms) . ---Related Episode: Listen to [BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard] (https://link.chtbl.com/BTC124) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-is-a-strategic-national-necessity-pierre-rochard/) . ---Related Episode: Listen to [BTC116: Bitcoin Ordinals and NFTs on Layer 1 Bitcoin w/ Pierre Rochard] (https://link.chtbl.com/BTC116) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-ordinals-and-nfts-on-layer-one-pierre-rochard/) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/btc) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---Check out our [Bitcoin Fundamentals Starter Packs] (https://www.theinvestorspodcast.com/bitcoin-fundamentals-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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

13 Mar 2024

1 HR 05 MINS

1:05:28

13 Mar 2024


#851

TIP614: Investing Guardrails: Avoiding Common Mistakes w/ Kyle Grieve and Clay Finck

Kyle Grieve and co-host Clay Finck dive deep into how human psychology impacts your investment decisions, why even the best investors fall victim to their own biases, strategies to mitigate common mistakes, how to deal with market timing, leverage, and speculation, why you should focus your time on improving patience, simplifying things, and understanding value, how you can recognize the biases of the market by understanding market cycles, why you should prioritize temperament over intellect, the importance of long-term results over quick gains, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:39 - Why greed makes us feel smart. 03:03 - How fear causes us to make poor decisions. 05:25 - The case study of Stanley Druckenmiller and how greed can affect even the smartest among us. 10:14 - How we can succeed in investing without having to predict macroeconomic trends. 11:38 - How we can track our emotions to make better decisions. 14:48 - The follies of trying to time the market. 14:48 - The downside of timing the market. 15:27 - Why we shouldn’t rely on luck to consistently generate returns. 17:21 - Why Warren Buffett would make any changes to his investing even if he knew what the FED was going to do in the next twelve months. 23:09 - Why leverage should be avoided in the stock market. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Related Episode: [TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve] (https://link.chtbl.com/WSB604) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/best-quality-idea-q1-2024-w-clay-finck-kyle-grieve/) . ---Related Episode: [TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve] (https://link.chtbl.com/WSB587) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/dino-polska-a-polish-compounder-w-kyle-grieve/) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Follow Kyle on [Twitter] (https://twitter.com/IrrationalMrkts) and [LinkedIn] (https://www.linkedin.com/in/kylegrievetip/) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

10 Mar 2024

1 HR 34 MINS

1:34:16

10 Mar 2024


#850

TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve

On today’s episode, Clay Finck and Kyle Grieve share why they are so passionate about investing in stocks and why they utilize the stock market to help them achieve financial independence. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:41 - How real-life examples of compounding have influenced Clay & Kyle 11:33 - How the stock market has compounded in the US since the 1950s. 20:50 - Why Clay and Kyle set the financial goal of becoming financially independent. 28:42 - Why Kyle chose to utilize the stock market as his tool to achieving financial independence. 36:44 - How an investor knows when they are ready to start investing in individual companies. 41:24 - How to quickly disqualify an investment. 43:44 - The best metric to filter on business quality. 72:27 - The edge that individual investors can have in picking stocks. 81:03 - Our favorite investing books. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Books mentioned: [The Millionaire Next Door] (https://www.amazon.com/The-Millionaire-Next-Door-audiobook/dp/B0000547HR?crid=1QP8UXD95OYBU&dib=eyJ2IjoiMSJ9.E0oFrLfOfLrLiR6vJIpCTzjubQgehbsRosPbHJij_lg25GURfUDoaRYk-X95qiW_7cfXVhYp2-IjKeOcjtk_im_8_FCl8QizTYfnAkNRlOmUsiglN-IPw8xCjdKY32tCJXyB6nSl1KqZFMwdu6jMP4HbfUaem6K5yDa--vNA7CBhsayCVRrEoZagCNpUaM_zQkyyDCPBDbiupxGzIBCmM4rj2HLcChq42OFQZEItTnk.-MyGLi8rlIG4Y6kME0bL1LqxLAUSg9YzbaUgswyE8-Y&dib_tag=se&keywords=the+millionaire+next+door+book&qid=1709493897&sprefix=the+mi%2Caps%2C149&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=fb622398777d5dd3591382ed4299b9db&language=en_US&ref_=as_li_ss_tl) , [100 Baggers] (https://www.amazon.com/100-Baggers-Christopher-W-Mayer-audiobook/dp/B0776PRFJ3?crid=UYM8Z1D9D1N3&dib=eyJ2IjoiMSJ9.rSCca6vqsHksjuV9yNH_0Hd3_oRM1_kZhnTp5gLqId7GjHj071QN20LucGBJIEps.Mk-c5oBRAXl7qDMW53avVUxbjq10qUSVM-fucjNONtQ&dib_tag=se&keywords=100+baggers+by+christopher+mayer&qid=1709493911&s=audible&sprefix=100+baggers%2Caudible%2C118&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=5dff4e24f74239d9b122b128e16fb878&language=en_US&ref_=as_li_ss_tl) , [The Psychology of Money] (https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8?crid=WZK78TRH87YK&dib=eyJ2IjoiMSJ9.XH3fk9W4UcyVJNLg-eazOJvsXyaEtggppj9lkJ0hOx6gPCNVkkq3s6Fqn4bCbHHCWaycbYVT_yDZngh9P-Sy0LN9IAAE3GEnSBjYO2dBKkRKXQFIkm-ChchxQFexVMdpeAo-YOoGRowXI0n9xDQpepko8ALxYzXXzPgEs8jfhXXPkfet_BlRJYfzU4_aCvj3ljiqmzB_ERZruf-DvSxq8Kedsgpi1eXpkxx4bt4RAQs.6geWANMdpIEB_qOOQX318K3VspB4uMs5Hg5WzPptJHk&dib_tag=se&keywords=the+psychology+of+money&qid=1709494458&s=audible&sprefix=the+p%2Caudible%2C264&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=f4fbca83807bf477cd4306b15d81bf00&language=en_US&ref_=as_li_ss_tl) , [The Simple Path to Wealth] (https://www.amazon.com/The-Simple-Path-to-Wealth-audiobook/dp/B0725RFDPY?crid=QP8ENQGN64RE&dib=eyJ2IjoiMSJ9.eHsi_97VOLl7crETnB4guUvZ2vdYTXx7RXI6buFVf9N0Cy0HFETnZkPaOlhfzyy8Lh-DUiAh99kfx6gde9LDYD1nlxPNoSgodJ1U01XA_gmr61rCgq9p7MTKZpdoNVGrgeSWx0ZmbH9vnsfjxQWWCs6Hj3_zngaCgYKfzAFK6uRiMZh_CX3-U2mwqI6zwuHbJFYBVGBptei-fDjuLptVHX5dEDtWMavhZEnNGCR1ei8.u5RFOhjYLmHXR7CHc_IRE_EPWdKPiYyZoDdKljKxccI&dib_tag=se&keywords=the+simple+path+to+wealth&qid=1709507075&sprefix=the+simple%2Caps%2C198&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=724c35409041ff75ec50bbab9125b064&language=en_US&ref_=as_li_ss_tl) , [The Joys of Compounding] (https://www.amazon.com/Joys-Compounding-Passionate-Lifelong-Learning/dp/9390351014?crid=2SLC5K3MXPHTU&dib=eyJ2IjoiMSJ9.nuEhGItngfRM2wbxN5D0lJM7GwyKcerzwNu944MV_wTvzcxVAJWkFe6tXkdVGdAxdC5vAi1YYtQ2W1Sj02Y0k_NO_Rp8iChAdF73-fvQxls6vIMCP-QzcYpGFwDVCWSgH6KD4dm2MleIC12ZjViN8vW9S8dPpwwdZO6kamNS5eHhe90sh_ykp_31qsgLLtPBou6OgIWXe8vzltMEBya6PnzUys5aRplMK-Kl2CF65Xg.-O8mc6k_D4nm1e8oG_BYuTg2JKRgNdrJ7QlrlbpL270&dib_tag=se&keywords=the+joys+of+compounding+by+gautam+baid&qid=1709507329&sprefix=the+joys+of+%2Caps%2C288&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=7a579912a84230223dc09f0a6f6b3b39&language=en_US&ref_=as_li_ss_tl) , [What I Learned About Investing From Darwin] (https://www.amazon.com/What-Learned-About-Investing-Darwin/dp/B0CDJXPGKY?crid=27I1DYQGXFJFV&dib=eyJ2IjoiMSJ9.d_lwJOmfR316Kv3UWavzZWzxZLEQLDJky49L9KjQRSAz4zlwfFi-pohOhBoEJ84WA7vPcK4_oHBZchdt8kPJZvyp2lj_xoPhUrAvTRXPE_nhFKQU4MukEfgSm1o7JQZPDv7-zmviMpq6fwkz1ikYgqaFHaqq3ucV8N_vkBL5ZPIFkEMnJ0LtlnRDhYRXVRvKucIhTk5eOvTL90tRjZGeJ4rIDdKLLC-m3wHuxZy2h6M.VSekzCnmvnQlEIN-7ZoG-dRmkxfatAVsrdP9AkFpvTk&dib_tag=se&keywords=what+i+learned+about+investing+from+darwin&qid=1709517233&sprefix=what+I+learned+abou%2Caps%2C152&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=36e2a8ef4b9fb413ef9e07fe13715fd5&language=en_US&ref_=as_li_ss_tl) , [Richer, Wiser, Happier] (https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/B08CVR78CH?crid=1IHHNWQ69TDSA&dib=eyJ2IjoiMSJ9.SbfD631RnKuKeAxm2DO4pBEpNTKhOO4n9DvSqIL_BSY3WPmjhz4_p8U9pCaoKHJ2.vH0na-7cs61-arVW6TC6N-MuOf1PHEROG4zjWZ0rp28&dib_tag=se&keywords=richer+wiser+happier+william+green&qid=1709806182&s=audible&sprefix=Richer+Wise%2Caudible%2C321&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=1b9244ca7a6706ddcc8b1e5ddb9aca60&language=en_US&ref_=as_li_ss_tl) , [Invested] (https://www.amazon.com/Invested-Danielle-Town-Phil-Town-audiobook/dp/B0797GF85V?crid=2WJDP560RAMOE&dib=eyJ2IjoiMSJ9.sAOktomtAbyNzNZEwtoa_2TSnIegX5c6Io5aC1YZMmOiG9uQVvu4-XwIvBlbjyIqLuPQn-D8VccF-az92Gs-LjiDsmMHQL-vYtfntNiCDoKVCkCcFaa7fTyhFcw3b5dhpVzusKYzHiwiMmYoXcjGFe3gwOSgw888TseiZsf0YFotXn4ZoR-IMWW0OfnAPMHuQMBDgpUK9agAMrZyvEuxcCbP6cfQhfLgdVj8CJUydXU.MEvpHBkbmxgNQFaZo4otZ-mkR3lPrPSyertecc-FeKU&dib_tag=se&keywords=invested&qid=1709576716&sprefix=invested%2Caps%2C134&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=afac67ee80fe996c8130f8df889349a3&language=en_US&ref_=as_li_ss_tl) , [The Most Important Thing] (https://www.amazon.com/The-Most-Important-Thing-audiobook/dp/B0090VTBGO?crid=2YIK8MS58F70A&dib=eyJ2IjoiMSJ9.AU1dmv36CRI7vRw3a7lFJeFTNooXoGhxxnbDAjLl5cxtWd-COaQ-ilmy7uGCtezEFrFkNdrw0XidcT39W3e7VEiX020r2uCmf_3pf7wgDMJ8FeyDUE6h6ZcmU5HGMq0Hp9z0CCjUvCxuzTUgn99JtNJblQtszSLfx2IslZMk-lmF-ZJ4wyfopwwE7cvgOUJyolMCE3nBr7BmMGHyf_j_ej0Ndh0hXWTIwcIR9jxNorY.7aGKlXeqJiCpCPYoA2sFtj9XIjnfVk54HMAFn_705Ng&dib_tag=se&keywords=the+most+important+thing&qid=1709576776&s=audible&sprefix=the+most+important+thing%2Caudible%2C95&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=383622bb9d5566d75b76d100f6ea27d7&language=en_US&ref_=as_li_ss_tl) , [The Warren Buffett Portfolio] (https://www.amazon.com/Warren-Buffett-Portfolio-Mastering-Investment/dp/0471392642?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.jl7r7c7opn7xmIYGB4jSkDaQ2tL0ArduDQ4ifaE4KP6Q4A0vJ5mJpfO8Xmxxr9zky6dMeqNRocsnb3zkpGotQwGQhI_W19JjEGTGmcWNshMCRLa8PTlPHS1ojH4IzMRtHdgnYzsIiw8C4VHvL05ynsic24BD0sBZKWKQPmYWPBFryEReuJPHNe4Ct_gyGhxrlZIQk3ExivcSz5sWRtNV4ets43JGbKqizh38QCZ8vAM.EOr637fBpUUkm5M8rbaAMfLMzU6muE8Mas8AKUZHAJk&qid=1709577001&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=0f92797cbf45dab4379f3ac2c69d73c5&language=en_US&ref_=as_li_ss_tl) ---Check out [Finchat] (https://finchat.io/) . ---Episode Mentioned: [TIP602: Same as Ever w/ Morgan Housel] (https://link.chtbl.com/WSB602) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/same-as-ever-w-morgan-housel/) . ---Related Episode: [TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve] (https://link.chtbl.com/WSB604) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/best-quality-idea-q1-2024-w-clay-finck-kyle-grieve/) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Follow Kyle on [Twitter] (https://twitter.com/IrrationalMrkts) and [LinkedIn] (https://www.linkedin.com/in/kylegrievetip/) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) and [LinkedIn] (https://www.linkedin.com/in/clay-finck-8073a8a7) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

08 Mar 2024

1 HR 28 MINS

1:28:03

08 Mar 2024


#849

BTC172: Macro Outlook Q1 2024 w/ Luke Gromen (Bitcoin Podcast)

In this episode, Luke Gromen navigates through Berkshire's $167.6B cash, his 2023 market optimism, US liquidity measures, and escalating real estate loan concerns. He discusses inflation's return, unemployment trends, interest rates, and Bitcoin's impact on energy. The dialogue also touches on the Fed's control illusion, CEO stock sales, Bitcoin's fiscal role, auction failures, QE's return, and treasury yield trends, providing a rich macroeconomic overview amidst evolving market dynamics. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:05 - How Berkshire Hathaway's substantial cash reserve positions it in the current economic landscape. 08:13 - The pivotal factors that flipped Luke Gromen from a bearish to a bullish market stance in early 2023. 12:20 - The implications of re-accelerating supercore inflation on the economy and monetary policy. 12:20 - How interest rates are expected to evolve through the rest of the year and their effect on investments. 46:08 - The specific liquidity levers the US is currently pulling to navigate through economic challenges. 46:08 - Predictions on unemployment trends and their impact on the broader economic recovery. 57:25 - Insights into the escalating crisis in commercial real estate loans surpassing loss reserves at major banks. 01:09:57 - The transformative potential of Bitcoin in changing the energy landscape and its broader economic implications. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Luke’s [FFTT research] (https://fftt-llc.com/?gad_source=1&gclid=CjwKCAiArfauBhApEiwAeoB7qBixxes2ihfHcSeqRVoLRvasMZL-apNKIMagaAvp_QbzKBbT-BJGIhoCJ_0QAvD_BwE) . ---Luke’s [Twitter account] (https://twitter.com/LukeGromen) . ---Luke’s [two books] (https://amzn.to/3TlR7CU) . ---Related Episode: Listen to [BTC136: The FED Pause & Q2 Current Events w/ Luke Gromen] (https://link.chtbl.com/BTC136) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/the-fed-pause-luke-gromen/) . ---Related Episode: Listen to [BTC101: 4th Quarter Macro Overview w/ Luke Gromen] (https://link.chtbl.com/BTC101) , or watch the [video] (https://www.theinvestorspodcast.com/bitcoin-fundamentals/4th-quarter-macro-overview-luke-gromen/) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/btc) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---Check out our [Bitcoin Fundamentals Starter Packs] (https://www.theinvestorspodcast.com/bitcoin-fundamentals-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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

06 Mar 2024

1 HR 11 MINS

1:11:12

06 Mar 2024


#848

TIP612: Investing In Fear: Profiting From Maximum Pessimism w/ Lauren Templeton

Kyle talks to Lauren Templeton about the many investing and life lessons she learned from investing legend Sir John Templeton, how she sets up her daily life to stay disciplined and avoid biases, how to utilize the scientific method for investing purposes, how we can use lessons from history to improve our decision making today, the importance of utilizing multiple evaluation tools to find great investments, sectors that are facing maximal pessimism today that might be the winners of tomorrow, and much, much more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:56 - Why we should combat “home bias”. 05:56 - Why high savings rates are so important for new opportunities. 05:56 - How savings rates have changed with the times. 05:56 - The hurdles you need to overcome for investing in Japan. 12:06 - The importance of looking at unpopular sectors. 12:24 - What Sir John Templeton thought about quality. 12:24 - Why maximum optimism is a risky place to deploy capital. 12:24 - How Sir John Templeton offset value traps using his strategy. 12:24 - Why you should use multiple evaluation tools in your analysis. 17:38 - How Lauren created her life to stay disciplined. 17:38 - The strengths of lowering how reactive you are. 17:38 - The importance of living a disciplined lifestyle to improve yourself. 21:18 - How to utilize the scientific method in investing. 27:01 - How Lauren has decreased the effects of FOMO. 27:01 - The importance of removing yourself from the crowd. 29:54 - How Lauren has used inversion to help her investing strategy. 34:22 - Why you should look at sectors with bad outlooks. 34:22 - How Lauren fights confirmation bias. 43:10 - How Lauren’s investing strategy has altered given the current macro backdrop. 47:07 - The importance of alignment between your daily life and investing philosophy. 47:07 - How Sir John Templeton tinkered with his portfolio while staying true to his core philosophy. 49:11 - Why you should understand maximum pessimism and how it creates opportunities. 49:11 - The historical returns in small caps after having the valuation gap we are seeing today. 49:11 - Why Lauren thinks China is showing maximum pessimism based on her observations at ValueX. 49:11 - Why Lauren sees an opportunity in small caps right now. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Buy Lauren’s book, The Templeton Way [here] (https://www.amazon.com/Templeton-Way-PB-Lauren/dp/1265621462?crid=19ZRPABJ1LJ6Q&dib=eyJ2IjoiMSJ9.l5Q6igvCOGJPxOlnAy2RAXUx2ApUrWvc1Z-zhPBbQNdqO7gSxX2po3R1wPowIeIco_d_ADIXY7RHR61sBecgET-6iYE2HW3Ar4DsRB2fi4KdXHn9CfvuN3BBqstrw05x9eZCleqevemPn-zeU2b3KsRJROew3dLy16P-lRF0QigoUkWbdFvN_FK6zuebhu4jQ2W5JnRYIcR5W0GQ3W96xUGO_U7sdzHTl8PbS34ehIQ.SP8yUcRVzIaomR-_voj4_U2OHXkzlcHvAfBUPrVBwZk&dib_tag=se&keywords=the+templeton+way&qid=1708110273&sprefix=the+templeton%2Caps%2C661&sr=8-2&linkCode=ll1&tag=tipnetwork-20&linkId=9b500852879c51e7beaaf25d7db44efd&language=en_US&ref_=as_li_ss_tl) . ---Listen to Lauren’s podcast, Investing The Templeton Way [here] (https://www.investingthetempletonway.com/) . ---Subscribe to her newsletter, the Maximum Pessimism Report [here] (https://www.templetonandphillips.com/maximum-pessimism-report-newsletter-commentary) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Follow Kyle on [Twitter] (https://twitter.com/IrrationalMrkts) and [LinkedIn] (https://www.linkedin.com/in/kylegrievetip/) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Fidelity] (https://www.fidelity.com/) --- [NetSuite] (https://netsuite.com/study) --- [Toyota] (https://buyatoyota.com/) --- [TurboTax] (https://turbotax.com/) --- [Wise] (https://wise.com/tip) --- [NerdWallet] (https://nerdwallet.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) --- [Fundrise] (https://fundrise.com/WSB) --- [Vacasa] (https://vacasa.com/) 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! Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

03 Mar 2024

55 MINS

55:54

03 Mar 2024


#847

TIP611: The Bear Case for China w/ Kyle Bass

On today’s episode, Clay chats with Kyle Bass, the founder and principal of Hayman Capital Management. Hayman’s first major success came from effectively shorting the housing market in 2008, and Kyle was profiled in Michael Lewis’ book The Big Short.  After seeing Chinese stocks drop 20% over the past year, I invited Kyle back onto the show because he has been sounding the alarm bells for years on a market correction in Chinese markets.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:01 - Why China is potentially preparing to invade Taiwan. 06:59 - How China has been restricting data and information flow to foreigners. 09:16 - Major military, mainland, and legal actions the CCP has taken in the past few years. 19:55 - Why foreign direct investment to China has collapsed in recent years. 25:53 - Potential sanctions the US may implement if China invades Taiwan. 33:38 - What Kyle is seeing in the Chinese real estate market. 39:33 - Whether he sees the crisis in Chinese affecting other markets globally. 47:10 - Why he believes the Fed is out of touch with reality. 54:48 - How Kyle is positioned as an investor today. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Hayman Capital Management’s [website] (https://www.haymancapital.com/) . ---Conservation Equity Management’s [website] (https://www.cem-tx.com/) . ---Related Episode: [TIP396: China and the Macro Impact w/ Kyle Bass] (https://link.chtbl.com/WSB396) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/china-and-the-macro-impact-w-kyle-bass/) . ---Follow Kyle on [Twitter] (https://twitter.com/Jkylebass?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

01 Mar 2024

1 HR 00 MINS

1:00:26

01 Mar 2024


#846

BTC171: Bitcoin Tech Update with Alex Leishman (Bitcoin Podcast)

Join us with Alex Leishman, River's CEO, for a dive into Bitcoin's ecosystem, discussing Argentina, Bitwise custody, Lightning Network's prospects, Ordinals, equity tokenization, BitVM, ETFs, custody improvements, AI, and institutional custody. We also touch on OTC markets' dynamics. A compact overview of the current and future Bitcoin landscape. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:09 - The evolving role of Bitcoin in Argentina's economy and how it's shaping local finance. 10:05 - The current state and future prospects of the Lightning Network in enhancing Bitcoin's scalability. 20:04 - An introduction to BitVM and roll-ups, and their potential to revolutionize transaction efficiency. 24:05 - The significance of Ordinals for decentralized identity and how they're changing the landscape. 27:50 - The process and benefits of tokenizing real equity to bridge traditional finance with blockchain technology. 34:02 - The challenges and opportunities presented by Bitcoin ETFs and potential regulatory impacts. 34:34 - The importance of improving custody solutions for Bitcoin to ensure greater security and accessibility. 42:15 - Insights into Bitwise custody solutions and their impact on security and asset management. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Buy Bitcoin at [River] (https://river.com/signup/?r=AXKL7T44) . ---Alex Leishman's [Twitter] (https://twitter.com/Leishman) . ---River's [Blog and Research] (https://blog.river.com/tag/river-research/) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/btc) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---Check out our [Bitcoin Fundamentals Starter Packs] (https://www.theinvestorspodcast.com/bitcoin-fundamentals-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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

28 Feb 2024

53 MINS

53:02

28 Feb 2024


#845

TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he is still bullish on Spotify. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Mueller Industries, a value stock trading at an appealing valuation. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:25 - Why Hari is bullish on Disney (Ticker: DIS) 12:09 - The bear case of Disney, including increasing competition, valuation, and debt levels 35:33 - Why Stig has invested in Spotify (Ticker: SPOT) as one of the five stocks he owns 48:44 - The bear case for Spotify, including the dependency on Alphabet 58:18 - Why Toby has invested in Mueller Industries (Ticker: MLI) 1:06:46 - The bear case for Mueller Industries, including the end of the building phase and competitive Chinese pressures Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Listen to the [Mastermind Discussion Q4 2023 – TIP586] (https://link.chtbl.com/WSB586)  | Youtube  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q4-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Tune in to the  [Mastermind Discussion Q3 2023 – TIP576] (https://link.chtbl.com/WSB576)  | Youtube  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q3-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Listen to the [Mastermind Discussion Q2 2023 – TIP557] (https://link.chtbl.com/WSB557)  | Youtube  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q2-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Tune in to the  [Mastermind Discussion Q1 2023 – TIP528] (https://link.chtbl.com/WSB528)  | Youtube  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q1-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Listen to the [Mastermind Discussion Q1 2022 – TIP418] (https://link.chtbl.com/WSB418) | Youtube  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q1-2022/) . ---Tune in to the  [Mastermind Discussion Q2 2022 – TIP450] (https://link.chtbl.com/WSB450)  | Youtube [ video] (https://www.theinvestorspodcast.com/episodes/mastermind-q2-2022-w-tobias-carlisle-and-hari-hamachandra/) .   ---Listen to the [Mastermind Discussion Q3 2022 – TIP475] (https://link.chtbl.com/WSB475) | Youtube [ video] (https://www.theinvestorspodcast.com/episodes/mastermind-q3-2022-w-tobias-carlisle/) . ---Tune in to the [Mastermind Discussion Q4 2022 – TIP496] (https://link.chtbl.com/WSB496)  | Youtube  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q4-2022-w-tobias-carlisle-and-hari-ramachandra/) . ---Tobias Carlisle's podcast,  [The Acquirer's Podcast] (https://acquirersmultiple.com/podcast/) . ---Tobias Carlisle's ETF, [ZIG] (https://www.acquirersfund.com/) . ---Tobias Carlisle's ETF, [Deep] (https://www.etf.com/DEEP) . ---Tobias Carlisle's book, [The Acquirer's Multiple] (https://www.amazon.com/gp/product/0692928855?ie=UTF8&linkCode=ll1&tag=tipnetwork-20&linkId=16d3ae0b6fae78b51e147f80d7af18b3&language=en_US&ref_=as_li_ss_tl) – read reviews of this book. ---Tobias Carlisle's Acquirer's Multiple stock screener:  [AcquirersMultiple.com] (https://acquirersmultiple.com/?ref=5&campaign=TheInvestor%27sPodcast) . ---Tweet directly to [Tobias Carlisle] (https://twitter.com/Greenbackd) . ---Hari's Blog:  [BitsBusiness.com] (https://twitter.com/harirama) . ---Tweet directly to  [Hari Ramachandra] (https://twitter.com/harirama) . ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

25 Feb 2024

1 HR 26 MINS

1:26:35

25 Feb 2024


#844

TIP609: Fooled by Randomness by Nassim Taleb

On today’s episode, Clay reviews Nassim Taleb’s book – Fooled by Randomness. Nassim Taleb is a Lebanon-born American mathematician and statistician whose work concerns problems of randomness, probability, and uncertainty. He’s very well known for his popular books, including The Black Swan, Antifragile, Skin in the Game, and Fooled by Randomness. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:37 - The role of luck in investing. 04:51 - Biases that get investors into trouble, such as the survivorship bias and the endowment effect. 10:09 - Why we should develop a sense of skepticism and humility. 15:52 - Why it’s so important to understand alternative histories. 30:47 - Why humans are more prone to make investment decisions based on emotions rather than facts and probabilities. 37:31 - What the firehouse effect is. 39:33 - The story of a trader who got married to his positions which ended up being a value trap. 48:08 - What chaos theory is. 58:54 - How Taleb’s investment strategy capitalizes on asymmetric opportunities. 62:06 - Distinguishing a good process from a good outcome. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Nassim Taleb’s books: [Fooled by Randomness] (https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/B07KRN227R?crid=3T8NHI6VJGZXR&keywords=fooled+by+randomness&qid=1708185673&sprefix=fooled+b%2Caps%2C129&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=1706b844c998a77731c0a634578d6985&language=en_US&ref_=as_li_ss_tl) , [Antifragile] (https://www.amazon.com/Antifragile-Nassim-Nicholas-Taleb-audiobook/dp/B00A2ZIZYQ/ref=sr_1_1?crid=7FXF98VK24I5&keywords=antifragile+by+nassim+taleb&qid=1708185681&sprefix=anti%2Caps%2C131&sr=8-1) , [The Black Swan] (https://www.amazon.com/Black-Swan-Second-Improbable-Robustness/dp/B07KRM6L52?crid=35WXX47SIQLH2&keywords=black+swan&qid=1708185693&sprefix=black+swan%2Caps%2C125&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=3bf7fa45a3ca30a4e937d3ed10c00398&language=en_US&ref_=as_li_ss_tl) , & [Skin in the Game] (https://www.amazon.com/Skin-in-Game-audiobook/dp/B077BSK9LC?crid=IT1WG6OVBE9Z&keywords=skin+in+the+game&qid=1708188621&sprefix=skin+in+the+%2Caps%2C115&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=a825253b7c14e63d2dc4d34cbe4470f0&language=en_US&ref_=as_li_ss_tl) . ---Episode Mentioned: [TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson] (https://link.chtbl.com/WSB558) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/how-ackman-taleb-profited-billions-during-market-crashes-w-scott-patterson/) . ---Episode Mentioned: [TIP597: Darwin's Investing Lessons w/ Kyle Grieve] (https://link.chtbl.com/WSB597) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/darwins-investing-lessons-w-kyle-grieve/) . ---Episode Mentioned: [TIP579: Big Mistakes by Michael Batnick] (https://link.chtbl.com/WSB579) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/big-mistakes-by-michael-batnick/) .  ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

23 Feb 2024

1 HR 00 MINS

1:00:59

23 Feb 2024


#843

BTC170: Bitcoin's Hardware Future w Bob Burnett (Bitcoin Podcast)

Bob Burnett shifts from tech executive to Bitcoin mining leader, focusing on innovative, sustainable solutions. He explores Bitcoin's challenges, the significance of ASICs beyond finance, and strategies for navigating regulatory environments. Burnett's insights into future trends and advice for tech entrepreneurs underscore the importance of adaptive strategies and sustainability in the evolving Bitcoin landscape. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:11 - Bob Burnett's journey from tech executive to leading Bitcoin mining initiatives. 18:13 - The importance of sustainable practices in the Bitcoin mining industry. 27:44 - Strategies for navigating the complex regulatory environment of Bitcoin. 35:06 - How blockchain technology extends beyond finance into other sectors. 37:01 - The significance of adaptability for entrepreneurs in the tech and finance industries. 62:15 - Insights into the future trends and potential of Bitcoin. 69:08 - Lessons in leadership and innovation drawn from Burnett's extensive experience. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Check out: [Bob’s Twitter] (https://twitter.com/boomer_btc?lang=en) . ---Visit: [Barefoot mining website] (https://www.barefootmining.com) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/btc) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---Check out our [Bitcoin Fundamentals Starter Packs] (https://www.theinvestorspodcast.com/bitcoin-fundamentals-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/) . SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

21 Feb 2024

1 HR 16 MINS

1:16:48

21 Feb 2024


#842

RWH041: Ignore the Crowd w/ Super-investor Bruce Berkowitz

In this episode, William Green chats with famed investor Bruce Berkowitz, whose Fairholme Fund has beaten the S&P 500 by 529 percentage points over 23 years. Bruce, who was named Morningstar’s Domestic Stock-Fund Manager of the Decade in 2009, talks here about the ups & downs of his volatile career, how he changed his investment strategy after three costly losses, why he likes cash as a kind of “financial valium,” & why 80% of his fund is riding on one stock. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:44 - What Bruce Berkowitz learned about odds by working as a bookmaker. 06:26 - What his stint as a broker taught him about how not to invest. 34:18 - Why he makes huge bets on a tiny number of stocks. 41:53 - How he’s riding a multi-decade wave of migration to Florida. 48:57 - How he justifies betting 80% of his fund on one stock. 54:59 - How he’s playing long-term trends in the energy sector. 56:56 - Why he’s changed the way he invests. 59:08 - Why he’s acutely wary of bank stocks. 59:20 - What he learned from losing big on Sears, Fannie Mae, & Freddie Mac. 1:17:53 - Why he views cash as a valuable form of “financial valium.”  1:28:51 - How he assesses the investment threat of global warming. 1:33:50 - Why he operates as a lone wolf, not part of a team. 1:39:53 - What he’s tried to teach his three children. 1:45:31 - How he handles setbacks. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Bruce Berkowitz’s investment firm, [Fairholme Funds] (https://www.fairholmefunds.com/) . ---Vaclav Smil’s book [How the World Really Works] (https://www.amazon.com/How-World-Really-Works-Science/dp/B09FC3D9ZQ?crid=1LKBI13AWWA7E&keywords=vaclav+smil+books&qid=1707702489&sprefix=vaclav+%2Caps%2C207&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=2e563a8051a566c8edd7804581d981c3&language=en_US&ref_=as_li_ss_tl) . ---Vaclav Smil’s book [Energy & Civilization] (https://www.amazon.com/dp/B07CMXCWK2?plink=Nu3VRMvmknvZGCUB&pf_rd_r=H13JQG0J4FXHM2DKD1FY&pf_rd_p=c5755cb4-5d8b-42ba-904c-400bf4cbed42&linkCode=ll1&tag=tipnetwork-20&linkId=52a123ff4cfbc633906b64a5e8eade8a&language=en_US&ref_=as_li_ss_tl) . ---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=5cab43a618c2601c03e74f89887c4ed9&language=en_US&ref_=as_li_ss_tl) . ---Follow William Green on X (AKA [Twitter] (https://twitter.com/williamgreen72) ). ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/rwh) . NEW TO THE SHOW? ---Follow our official social media accounts:  [X (Twitter)] (https://twitter.com/TIP_Network)  |  [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/)  | |  [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/)  |  [Facebook] (https://www.facebook.com/TheInvestorsPodcast)  |  [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) .  SPONSORS Support our free podcast by supporting our  [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Fidelity] (https://www.fidelity.com/) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) --- [NDTCO] (https://ndtco.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [Wise] (https://wise.com/tip) --- [NetSuite] (https://netsuite.com/study) --- [TurboTax] (https://turbotax.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [Babbel] (https://babbel.com/wsb) 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! Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

18 Feb 2024

1 HR 55 MINS

1:55:20

18 Feb 2024


#841

TIP608: Long-Term Compounding w/ Chris Mayer

On today’s episode, Clay chats with Chris Mayer about long-term compounding and a few of his holdings, including Constellation Software. Chris is well-known for his book, 100 Baggers, and has inspired thousands of readers to become better investors. If you’re interested in investing in multi-baggers, then this episode is a must-listen. Chris is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:27 - A review of how Chris’s fund performed in 2023. 06:37 - Where Chris focuses much of his attention in managing a fund. 12:39 - How Chris discovered Constellation Software. 18:02 - How the competitive landscape for Constellation Software has developed over the years. 24:58 - The potential drawbacks of Constellation Software’s decentralized business model. 28:09 - Chris’s thoughts on Constellation Software’s ~60% increase in their share price over the past year. 28:53 - How Constellation 2.0 has developed in recent years. 33:04 - Why Constellation Software has started performing spinoffs. 39:42 - Whether Constellation will continue to do more spinoffs in the future or not. 37:05 - Why Chris decided to invest in the Constellation Software spinoffs in his fund (Topicus & Lumine). 39:32 - Why Topicus is targeting higher organic growth in their subsidiaries. 55:12 - Chris’s thoughts on the valuation of Constellation Software, Topicus, and Lumine. 61:56 - How Chris would consider allocating fresh capital today in his fund. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Chris Mayer’s books: [100 Baggers] (https://www.amazon.com/100-Baggers-Stocks-100-1/dp/1621291650?crid=2IIO8U8XGHU7B&keywords=chris+mayer&qid=1680205290&sprefix=chris+mayer%2Caps%2C121&sr=8-2&linkCode=ll1&tag=tipnetwork-20&linkId=f516554ddf01b2c7e1c6ac6b2b2b918c&language=en_US&ref_=as_li_ss_tl) & [ How Do You Know?] (https://www.amazon.com/Guide-Clear-Thinking-Street-Investing/dp/1970164085?crid=1ETG501N4BMN9&keywords=how+do+you+know&qid=1690815600&sprefix=how+do+you+kn%2Caps%2C213&sr=8-4&linkCode=ll1&tag=tipnetwork-20&linkId=bd7a5cc1b158cf1099e490810138ffc7&language=en_US&ref_=as_li_ss_tl) ---Resources mentioned: [InPractise] (https://inpractise.com/) , [Acquirers.com] (https://www.acquirers.com/) , & [REQ Capital] (https://req.no/) . ---Chris’s fund & blog: [Woodlock House Family Capital] (https://www.woodlockhousefamilycapital.com/) . ---Thomas Phelps’ book: [100 to 1 in the Stock Market] (https://www.amazon.com/100-Stock-Market-Distinguished-Opportunities/dp/B09425QXWW?crid=1VO13FUC17KYW&keywords=Thomas+phelps&qid=1680205299&sprefix=thomas+phelps%2Caps%2C114&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=d72d91625ba85e65753ee8b09241e7a4&language=en_US&ref_=as_li_ss_tl) . ---Episode mentioned: [TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard Of] (https://link.chtbl.com/WSB531) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/mark-leonard-the-best-capital-allocator-youve-never-heard-of/) . ---Related Episode: [TIP543: 100 Baggers w/ Chris Mayer] (https://link.chtbl.com/WSB543) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/100-baggers-stocks-that-return-100-1-w-chris-mayer/) . ---Related Episode: [TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer] (https://link.chtbl.com/WSB569) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/an-investors-guide-to-clear-thinking-w-chris-mayer/) . ---Related Episode: [MI310: A Serial Acquirers Deep Dive w/ Chris Mayer] (https://link.chtbl.com/MI310) | YouTube [Video] (https://www.theinvestorspodcast.com/millennial-investing/serial-acquirers-deep-dive/) . ---Follow Chris on [Twitter] (https://twitter.com/chriswmayer) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Check out all the books mentioned and discussed in our podcast episodes [here] (https://prodcast.io/wsb) . NEW TO THE SHOW? ---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) . ---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/) . SPONSORS Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) : --- [River] (https://river.com/fundamentals) --- [Toyota] (https://buyatoyota.com/) --- [NetSuite] (https://netsuite.com/study) --- [CI Financial] (https://corient.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Wise] (https://wise.com/tip) --- [TurboTax] (https://turbotax.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Vacasa] (https://vacasa.com/) --- [Babbel] (https://babbel.com/wsb) --- [Shopify] (https://shopify.com/wsb) 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! Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm) ... Read more

16 Feb 2024

1 HR 03 MINS

1:03:02

16 Feb 2024