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.

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.

 

#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  [Mastermind Discussion Q4 2023 – TIP586] (https://link.chtbl.com/WSB586)  or watch the  [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)  or watch the  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q3-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Listen to  [Mastermind Discussion Q2 2023 – TIP557] (https://link.chtbl.com/WSB557)  or watch the  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q2-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Tune in to  [Mastermind Discussion Q1 2023 – TIP528] (https://link.chtbl.com/WSB528)  or watch the  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q1-2023-w-tobias-carlisle-and-hari-ramachandra/) . ---Listen to  [Mastermind Discussion Q1 2022 – TIP418 ] (https://link.chtbl.com/WSB418) or watch the  [video] (https://www.theinvestorspodcast.com/episodes/mastermind-q1-2022/) . ---Tune in to  [Mastermind Discussion Q2 2022 – TIP450] (https://link.chtbl.com/WSB450)  or watch the [ video] (https://www.theinvestorspodcast.com/episodes/mastermind-q2-2022-w-tobias-carlisle-and-hari-hamachandra/) .   ---Listen to [ Mastermind Discussion Q3 2022 – TIP475 ] (https://link.chtbl.com/WSB475) or watch the [ video] (https://www.theinvestorspodcast.com/episodes/mastermind-q3-2022-w-tobias-carlisle/) . ---Tune in to  [Mastermind Discussion Q4 2022 – TIP496] (https://link.chtbl.com/WSB496)  or watch the  [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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

25 Feb 2024

1 HR 26 MINS

1:26:38

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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

23 Feb 2024

1 HR 01 MINS

1:01:01

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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... 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) ... 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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

16 Feb 2024

1 HR 03 MINS

1:03:04

16 Feb 2024


#840

BTC169: Bitcoin Changing Africa's Energy and Finance Incentives w/ Alex Gladstein (Bitcoin Podcast)

Alex Gladstein discusses Bitcoin's impact on Africa, leveraging natural resources for mining to provide electricity and financial stability. Highlighting cases in Malawi and Kenya, he shows how Bitcoin offers a stable currency and supports renewable energy, transforming economic landscapes and promoting sustainable development. This narrative illustrates Bitcoin's potential as a catalyst for empowerment and progress across the continent. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 00:57 - The potential of Bitcoin to drive sustainable development in Africa. 00:57 - How Africa's natural resources can be utilized for Bitcoin mining. 11:07 - The role of Bitcoin mining in providing access to electricity and reducing energy costs. 16:25 - Examples of successful Bitcoin mining projects in Malawi and Kenya and their socio-economic benefits. 25:09 - Strategies for leveraging stranded energy resources for economic empowerment and environmental conservation. 26:17 - Ways in which Bitcoin acts as a stable, decentralized currency for regions facing inflation. 44:37 - The impact of micro-hydroelectric and geothermal energy projects on local communities. 45:57 - The importance of local entrepreneurship and community initiatives in the adoption of Bitcoin mining. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Alex’s article in Bitcoin Magazine: [Stranded] (https://bitcoinmagazine.com/check-your-financial-privilege/stranded-bitcoin-saving-wasted-energy-in-africa) . ---Alex’s [Twitter] (https://twitter.com/gladstein) . ---The [Human Rights Foundation] (https://hrf.org) . ---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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

14 Feb 2024

55 MINS

55:54

14 Feb 2024


#839

TIP607: Small But Mighty: Uncovering Smallcap Value w/ Paul Andreola

Kyle talks to Paul Andreola about how he evaluates smallcap stocks, why flipping over as many rocks as possible is such a strong strategy, why to put all your focus on profitable growing businesses, why the PEG ratio is so important for finding great opportunities, the importance of understanding the capital raising process, why value will always succeed in the long term, the current state of microcaps and much, much more! Paul Andreola is a highly successful microcap investor who has been managing his own money for over 30 years. He is a board member for Atlas Engineered Products, Total Telcom, and Departure Bay Bay Capital. He’s a big proponent of microcap investing and runs an investing community called SmallCap Discoveries where he interviews CEOs of microcap businesses and shares his ideas and strategies. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:28 - The importance of flipping over as many rocks as possible. 05:00 - The power of owning businesses that institutions can’t invest in. 05:08 - Why focus your efforts on profitable businesses that are growing. 05:22 - How to use the price-to-earnings-growth ratio to help you identify undervalued growth stocks. 06:22 - How to add a margin of safety using the PEG ratio. 06:22 - How to use the PEG ratio to help you determine what needs to be sold. 08:43 - How increasing fund flows can attract low-quality businesses in search of capital. 09:46 - Why owning profitable companies can de-risk your investing. 09:46 - Why you should stay away from low-growth businesses even when they are cheap. 13:23 - Why you should stay away from businesses that are likely to heavily dilute shareholders. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Check out Paul’s services at [Smallcap Discoveries] (https://smallcapdiscoveries.com/Cdn/) . ---Read Paul’s articles [here] (https://smallcapdiscoveries.com/news-and-reports/) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

11 Feb 2024

51 MINS

51:47

11 Feb 2024


#838

TIP606: Multi-Bagger First Principles w/ Ian Cassel

On today’s episode, Clay is joined by Ian Cassel to discuss multi-bagger first principles, what he’s learned from investor Tony Deden, and biases he has had to overcome to continue improving as an investor. Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management. He is the founder of MicroCapClub.com and co-founder of the IntelligentFanatics.com.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:36 - Ian’s investment journaling and reflection process. 06:19 - What Ian has learned from managing a fund for over 5 years. 08:56 - A 2023 overview for Ian’s fund. 23:58 - What Ian learned from Anthony Deden. 27:43 - The multi-bagger first principles. 35:53 - A few case studies on multi-baggers. 53:26 - Why high insider ownership doesn’t correlate with stocks that outperform. 54:02 - How attribution bias influences investor behavior. 58:08 - Ian’s experience on the saying, “Risk is what you don’t see.” 61:03 - How Ian decides whether he should average down in a position or not. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at clay@theinvestorspodcast.com. ---Ian’s presentation on [Multi-bagger First Principles] (https://microcapclub.com/multi-bagger-first-principles/) . ---Ian’s community, [MicrocapClub] (https://forums.microcapclub.com/) . ---Ian’s book, [Intelligent Fanatics] (https://www.amazon.com/Intelligent-Fanatics-Standing-Shoulders-Giants/dp/0997576537?crid=UNES13T7237O&keywords=ian+cassel&qid=1688312623&sprefix=ian+cassel%2Caps%2C110&sr=8-2&linkCode=ll1&tag=tipnetwork-20&linkId=bb0afbf367e71ac56570bd0ca2100a5d&language=en_US&ref_=as_li_ss_tl) . ---Ryan Pape’s [interview] (https://www.youtube.com/watch?v=kzFtQLCXKRc) at the MicroCap Leadership Summit. ---Related Episode: [TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel] (https://link.chtbl.com/WSB563) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/lightning-in-a-bottle-microcap-investing-w-ian-cassel/) . ---Follow Ian on [Twitter] (https://twitter.com/iancassel) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

09 Feb 2024

1 HR 00 MINS

1:00:11

09 Feb 2024


#837

BTC168: Bitcoin Discreet Log Contracts DLC on LN Markets w/ Romain Rouphael (Bitcoin Podcast)

Dive into Bitcoin's future with Romain Rouphael: Unpacking his journey from finance to pioneering in Bitcoin research, LN Markets, and DLC Markets. Discover how leveraging Bitcoin for payments and building on its secure infrastructure is changing trading with instant settlements, trustless derivatives, and over $2 billion traded. Learn about the innovation behind LN Markets' fast retail trading and DLC Markets' approach to revolutionizing trustless OTC derivatives. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:35 - The reasons behind Romain Rouphael's full-time commitment to Bitcoin and its potential for revolutionizing finance. 07:43 - Insights into the foundational stages of Bitcoin research and the establishment of a Bitcoin lab. 07:43 - The advantages of Bitcoin over other cryptocurrencies as both an asset and a financial infrastructure. 26:21 - Future developments in Bitcoin financial services, including enhancements to LN Markets and DLC Markets, and the introduction of new products like hashrate/blockspace trading. 33:20 - Introduction to LN Markets, a platform enabling instant settlement trading built on the Lightning Network. 33:20 - The significance of Discreet Log Contracts (DLCs) in enabling trustless OTC derivatives trading on Bitcoin. 40:13 - The innovative approach of DLC Markets to facilitate complex smart contracts for large-scale, trustless trading. 50:21 - Challenges and complexities faced in managing a Bitcoin fund and interacting with centralized exchanges. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Article: [LN Markets Upgrades Bitcoin Trading w/ DLCs] (https://bitcoinmagazine.com/technical/ln-markets-upgrades-bitcoin-trading-with-dlcs) . ---Romain Rouphael's [Twitter] (https://twitter.com/romain_rouphael) . ---LN Market's [Website] (https://lnmarkets.com/en) . ---DLC Market's [Website] (https://dlcmarkets.com/) . ---The LN Market’s [White Paper on DLCs] (https://dlcmarkets.com/whitepaper.pdf) . ---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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

07 Feb 2024

1 HR 00 MINS

1:00:40

07 Feb 2024


#836

TIP605: Untangling Global Outperformers w/ Dede Eyesan

On today’s episode, Kyle talks to Dede Eyesan about investing outside of your home country and what you need to research to improve your circle of competence, why China, India, and Japan have some interesting businesses and which sectors might produce the next outperformers, the strength of monopoly type businesses when searching for outperformers, the characteristics of outperformers that are least difficult to try to identify, interesting insights into iGaming and IT consulting industries, and much, much more! Dede Eyesan is the Chief Investment Officer of Jenga Investment Partners (IP). Jenga IP is a fund specializing in allocating capital to public and private companies on a global scale. They own businesses in countries such as Finland, Poland, China, Mexico, the U.S., Australia, Sweden, Kazakhstan, and France. He authored Global Outperformers: A decade study of the top performing global listed companies (1,000% in 10 years) IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:54 - The primary reasons for China’s lower shareholder returns. 06:12 - Potential value chains in India that Dede finds interesting. 10:20 - Insights into Indian markets, governance issues, and regulation. 14:03 - Why consumer electronics is interesting in India, but not a good business model in most other geographies. 18:04 - The importance of good economics and competitive advantage in finding outperformers. 19:51 - Why monopolies like Airports of Thailand and Texas Pacific Land Corporation made good investments. 26:14 - Insights into two South African companies that are still high quality in Karooooo and Naspers. 34:44 - Why iGaming has low barriers to entry but high barriers to success. 34:55 - Why uncertainty can punish a business’s valuation. 44:37 - Dede’s outlook on his latest acquisition, GoFore, and why he likes IT consulting. 56:59 - GoFore's competitive advantage and growth forecast. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Jenga Investment Partners (IP) [Global Outperformers] (https://www.jengaip.com/global-outperformers/) . ---Learn more about Jenga Investment Partners [here] (https://www.jengaip.com/) . ---Read Jenga IP’s detailed research [here] (https://www.jengaip.com/research/) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at [clay@theinvestorspodcast.com] (mailto: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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

04 Feb 2024

55 MINS

55:50

04 Feb 2024


#835

TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q1 2024. This quarter, they discuss Evolution AB. Evolution AB is well-known in the world of quality investors. The stock has compounded by over 60% per year over the past 5 years and seems to have a long runway for growth ahead. Clay and Kyle give an overview of why they own the stock and why they like the company's long-term prospects.  Disclaimer: At the time of recording, Clay and Kyle both own shares in Evolution AB. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 06:44 - Resources Kyle found most helpful in initially researching Evolution AB. 06:48 - What Evolution’s business model is and how they make money. 17:15 - How the quantitative metrics look for Evolution. 28:40 - The massive tailwinds at play in their industry. 33:21 - The difference between a regulated and unregulated market. 38:12 - What geographies Evolution has the largest presence in. 42:45 - What the competitive landscape looks like. 46:18 - How Evolution has been able to continue growing and withstand competition despite the high returns they’ve achieved for many years. 49:24 - An overview of Evolution’s management team and recent acquisitions. 64:23 - How Kyle thinks about the valuation. 70:05 - The most important KPIs to track for Evolution. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Alta Fox [Research] (https://static1.squarespace.com/static/5aaacb57506fbe4636414126/t/5eea3b86c51fc47cadd3fcca/1592408966634/2020.06.17+EVO+Analysis.pdf) . ---An expert analyst on Evolution: [Ali Gündüz] (https://twitter.com/gnufs) . ---Shree Viswanathan’s [recent letter] (https://hedgefundalpha.com/svn-capital-fund-4q-2023-commentary/) which discussed Evolution. ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at [clay@theinvestorspodcast.com] (mailto:clay@theinvestorspodcast.com) . ---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/) . ---Follow Kyle on [Twitter] (https://twitter.com/IrrationalMrkts) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

02 Feb 2024

1 HR 18 MINS

1:18:36

02 Feb 2024


#834

BTC167: How Decentralized is Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)

Dive into the world of Bitcoin mining with expert Harry Sudock. This episode unpacks the complexities of on-chain fee management and the intricacies of over-the-counter transactions on the blockchain. Sudock provides unique insights into the operational strategies of miners, revealing the unseen mechanisms that support blockchain efficiency and stability. An enlightening discussion for anyone interested in the behind-the-scenes of Bitcoin. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 08:23 - The role of miners in managing high on-chain fees in the Bitcoin network. 13:32 - The impact of on-chain fees on the overall efficiency of the blockchain. 17:44 - The operational challenges faced by miners in the current Bitcoin ecosystem. 30:36 - Insights into the unseen economic aspects of blockchain transactions. 35:18 - Strategies used by miners to handle fluctuations in transaction fees. 36:33 - How over-the-counter (OTC) transactions are integrated into the blockchain. 51:15 - The relationship between miners and the broader financial aspects of Bitcoin. 51:15 - Expert views on the future trends and developments in Bitcoin mining. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Harry Sudock’s [Twitter] (https://twitter.com/harry_sudock?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) . ---Bitcoin Park's [Twitter] (https://twitter.com/bitcoinpark_) . ---Griid’s [Website] (https://griid.com/overview/default.aspx) . ---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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

31 Jan 2024

1 HR 01 MINS

1:01:54

31 Jan 2024


#833

TIP603: Richer, Wiser, Happier, Q1 2024 w/ Stig Brodersen & William Green

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on kindness, they discuss what has made them Richer, Wiser, or Happier in the past quarter. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:26 - What we can learn from the greatest investors about being authentic  16:40 - How to stay true to yourself 25:55 - How we change throughout the stages of our lives 43:44 - If principles are truly timeless 1:00:52 - What William learned recently about Charlie Munger’s kindness 1:11:54 - Why we want to take a simple idea and take it very seriously  1:23:59 - The challenges of the three phases in life Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---William Green’s book, Richer, Wiser, Happier – [read reviews of this book] (https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors-ebook/dp/B08BZXCPW5?crid=33NDOYV26K8DX&dchild=1&keywords=richer+wiser+happier&qid=1617088019&s=digital-text&sprefix=richer+wiser+happier%2Cdigital-text%2C268&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=7c452feda8a917ab8f463788d0de7cad&language=en_US&ref_=as_li_ss_tl) . ---William Green’s book, The Great Minds of Investing – [read reviews of this book] (https://www.amazon.com/Great-Minds-Investing-William-Green/dp/3898799247?_encoding=UTF8&pd_rd_w=rqjks&content-id=amzn1.sym.cf86ec3a-68a6-43e9-8115-04171136930a&pf_rd_p=cf86ec3a-68a6-43e9-8115-04171136930a&pf_rd_r=142-3369637-2364307&pd_rd_wg=SmZku&pd_rd_r=b809aa30-dbd1-4098-8327-2c23e3b8387c&linkCode=ll1&tag=tipnetwork-20&linkId=3960ea50ac93a678c4a8d2d0c2b0f8c3&language=en_US&ref_=as_li_ss_tl) . ---Stig Brodersen and William Green’s episode on being [Richer, Wiser, and Happier, Q3 2023] (https://link.chtbl.com/WSB581) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/richer-wiser-happier-q3-2023-w-stig-brodersen-william-green/) . ---Stig Brodersen and William Green’s episode on being [Richer, Wiser, and Happier, Q2 2023] (https://link.chtbl.com/WSB560) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/richer-wiser-happier-q2-2023-w-stig-brodersen-william-green/) . ---Stig Brodersen and William Green’s episode on being [Richer, Wiser, and Happier, Q1 2023] (https://link.chtbl.com/WSB538) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/richer-wiser-happier-q1-2023-w-william-green-stig-brodersen/) . ---Stig Brodersen and William Green’s episode on [Money and Happiness] (https://link.chtbl.com/WSB510) | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/money-and-happiness-w-william-green/) . ---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/) . ---William Green’s interview with Michael Berg about [Abundance] (https://link.chtbl.com/RWH031)  | YouTube [Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/abundance-w-michael-berg/) . ---William Green’s interview with Pico Iyer about being [Beyond Rich] (https://link.chtbl.com/RWH029) | YouTube [Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/beyond-rich-w-pico-iyer/) . ---William Green’s interview with Rick Rieder about managing [2.6 Trillion dollars] (https://link.chtbl.com/RWH038) | YouTube [Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/the-2-6-trillion-man-w-rick-rieder/) . ---William Green’s interview with [Berkshire Hathaway Director 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/) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

28 Jan 2024

2 HR 12 MINS

2:12:29

28 Jan 2024


#832

TIP602: Same as Ever w/ Morgan Housel

On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, Same as Ever, and uncover the key themes in financial history that have never changed. Morgan Housel is a partner at The Collaborative Fund. He’s the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:34 - The key themes that seem to never change throughout history. 04:37 - Why the world is much more fragile than we’re led to believe. 09:04 - Why the biggest risk is the one you don’t see coming.  24:49 - The true power of exceptional storytelling. 23:28 - The importance of thinking probabilistically. 27:00 - Why every stock valuation is a number from today multiplied by a story about tomorrow. 27:32 - Why successful stock picking is about so much more than the numbers. 29:22 - Why market extremes such as the meme stock craze are not unnatural, and they should actually be expected. 32:19 - Morgan’s investment approach. 38:21 - Why most investor’s biggest advantage is patience. 41:31 - Why most competitive advantages eventually die. 51:33 - How the world’s most successful people utilize inefficiency and slack to achieve more. 55:43 - Why Morgan writes for an audience of one. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Learn more about the Berkshire Summit by clicking  [here] (http://theinvestorspodcast.com/berkshiresummit)  or emailing Clay at  [clay@theinvestorspodcast.com] (mailto:clay@theinvestorspodcast.com) . ---Morgan’s book:  [Same as Ever] (https://www.amazon.com/gp/product/0593332709?&linkCode=ll1&tag=tipnetwork-20&linkId=45b96b3cfd34ffda36d6e790c962b794&language=en_US&ref_=as_li_ss_tl)  and  [The Psychology of Money] (https://www.amazon.com/gp/product/0857197681?ie=UTF8&linkCode=ll1&tag=tipnetwork-20&linkId=bc82edb53aa8869c0d707355b1e2df6c&language=en_US&ref_=as_li_ss_tl) . ---Morgan’s  [Podcast] (https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669) . ---Related Episode:  [TIP351: The Psychology of Money w/ Morgan Housel] (https://link.chtbl.com/WSB351)  | YouTube  [video] (https://www.theinvestorspodcast.com/episodes/psychology-of-money-w-morgan-housel/) . ---Check out the books mentioned in the podcast [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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

26 Jan 2024

54 MINS

54:22

26 Jan 2024


#831

BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)

Join us in this insightful episode where Caitlin Long of Custodia Bank and Wes Knobel delve into the innovative non-fractional reserve system, the challenges faced with the Federal Reserve, and the dynamic world of cryptocurrency banking. They discuss Custodia's unique approach, its role in the post-Silicon Valley bank crisis landscape, and the evolving challenges and opportunities in cryptocurrency custodianship. This conversation offers a deep dive into the intersection of traditional banking, regulatory environments, and the growing influence of digital assets. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:34 - How Custodia Bank is redefining traditional banking practices. 02:34 - The significance of Custodia's approach to customer deposits. 12:47 - Insights into the Federal Reserve's decision-making process. 22:19 - The implications of non-participation in fractional reserve banking. 22:19 - The importance of state laws in protecting digital assets. 28:21 - Wes Knobel's perspective on financial innovation and regulation. 38:31 - Caitlin Long's expertise in banking risks and legacy systems. 47:58 - The potential government intervention in cryptocurrency holdings. 47:58 - Predictions for the future of banking in the era of digital currencies. 01:00:37 - The recent SEC approval of Bitcoin ETFs and its impact. BOOKS AND RESOURCES ---Links to [Custodia Bank] (https://custodiabank.com/) . ---Caitlin Long’s [X account] (https://twitter.com/CaitlinLong_) . ---Link’s to the lawsuit with the Federal Reserve Bank, [Document 1] (https://storage.courtlistener.com/recap/gov.uscourts.wyd.61107/gov.uscourts.wyd.61107.239.0.pdf) & [Document 2] (https://storage.courtlistener.com/recap/gov.uscourts.wyd.61107/gov.uscourts.wyd.61107.240.82.pdf) . ---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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

24 Jan 2024

1 HR 10 MINS

1:10:02

24 Jan 2024


#830

RWH040: Go Global w/ Laura Geritz

In this episode, William Green chats with Laura Geritz, founder of Rondure Global Advisors, which scours the globe in search of high-quality companies trading at attractive prices in places like India, China, Japan, Thailand, Taiwan, Turkey, Brazil, & Mexico. Here, Laura makes the case for allocating more money to undervalued stocks outside the US. She also discusses her unusual lifestyle, which is built around relentless travel, voracious reading, & abundant time to think. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 08:15 - How Laura Geritz earned the nickname “Money Bags.” 09:41 - How she broke into the investment industry by living in Japan. 12:55 - How she was shaped by the frugal, unflashy culture of rural Kansas. 22:57 - What she learned from her mentor & partner, Robert Gardiner. 30:14 - Why so many talented women quit the investment business. 36:54 - Why she believes many investors are taking too much risk. 38:56 - Why foreign stocks may be overdue for a powerful rebound. 41:20 - How she weighs the risks & rewards of Chinese stocks. 52:26 - How she screens 70,000 stocks to identify great businesses. 1:03:36 - What foreign investors don’t understand about Japanese companies. 1:11:51 - How to become a continuous learning machine. 1:25:38 - How Laura handles adversity when her investing style is out of favor. 1:32:06 - Why she maintains a remarkably uncluttered calendar. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Laura Geritz’s investment firm, [Rondure Global Advisors] (https://rondureglobal.com/) . ---Graham Greene’s book [The Quiet American] (https://www.amazon.com/Quiet-American-Penguin-Classics-Deluxe/dp/0143039024?crid=G0RT4PKTEMVB&keywords=the+quiet+american&qid=1705536495&s=books&sprefix=the+quiet+american%2Cstripbooks%2C76&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=6e5f8fa235cd0857d0a98484e09c7435&language=en_US&ref_=as_li_ss_tl) . ---Yasunari Kawabata’s book [Snow Country] (https://www.amazon.com/Snow-Country/dp/0241597366?crid=3UQKLA1PQ8KSD&keywords=the+snow+country&qid=1705536666&s=books&sprefix=the+snow+country%2Cstripbooks%2C75&sr=1-2&linkCode=ll1&tag=tipnetwork-20&linkId=6a075b3c47caaec503ea68a2b6fe1019&language=en_US&ref_=as_li_ss_tl) . ---Michael Pollan’s book [A Place of My Own] (https://www.amazon.com/Place-My-Own-Architecture-Daydreams/dp/0143114743?hvadid=312111910505&hvpos=&hvnetw=g&hvrand=11403516483530116743&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9004207&hvtargid=pla-318003849069&psc=1&mcid=d0deb750d4f03d9dab37c84bbafa6767&gclid=CjwKCAiAkp6tBhB5EiwANTCx1BbrpS9aUQ2xADxB6VbvnqtqvjPyyTb_oBzTciRYt2T58u7MFioJ5BoCPNAQAvD_BwE&linkCode=ll1&tag=tipnetwork-20&linkId=0ee7fdd330bacf73afb37561e5724d85&language=en_US&ref_=as_li_ss_tl) . ---Rolf Potts’ book [Vagabonding] (https://www.amazon.com/Vagabonding-Uncommon-Guide-Long-Term-Travel/dp/0812992180?_encoding=UTF8&qid=1705536549&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=ba7120901a0aa8976bd5798a8232e7f0&language=en_US&ref_=as_li_ss_tl) . ---Pico Iyer’s book [The Half-Known Life] (https://www.amazon.com/Half-Known-Life-Search-Paradise/dp/059342025X?crid=1TIFBDF500EU&keywords=half-known+life&qid=1705536609&s=books&sprefix=half-known+life%2Cstripbooks%2C70&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=aa95460a8f566a4aec452c1da9bedff2&language=en_US&ref_=as_li_ss_tl) . ---William Green’s podcast interview with [Pico Iyer] (https://link.chtbl.com/RWH029) | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/beyond-rich-w-pico-iyer/) . ---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) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [NetSuite] (https://netsuite.com/study) --- [Fidelity] (https://www.fidelity.com/) --- [Shopify] (https://shopify.com/wsb) --- [Toyota] (https://buyatoyota.com/) --- [TurboTax] (https://turbotax.com/) --- [Babbel] (https://babbel.com/wsb) --- [American Express Business Gold Card] (https://americanexpress.com/businessgoldcard) --- [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) ... Read more

21 Jan 2024

2 HR 03 MINS

2:03:50

21 Jan 2024


#829

TIP601: Junk to Gold by Billionaire Willis Johnson

On today’s episode, Clay shares his biggest takeaways from reading billionaire Willis Johnson’s book – Junk to Gold. Willis Johnson founded Copart in 1982, and today he is worth over $2.6 billion through his equity ownership in the company.  Copart is one of the most impressive businesses we’ve studied. Over the past 30 years, the stock has compounded at over 21% per year, outperforming Microsoft, Adobe, and the majority of other stocks. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 08:15 - The key experiences in Willis Johnson’s early life that shaped him. 12:18 - How Willis thought about money and building a business. 14:44 - Willis’s experience fighting in the Vietnam War. 24:51 - What he learned from chasing his dreams and building a successful company.  42:08 - The story of Jay Adair dropping out of college to work with Copart. 45:24 - How Willis sold Wall Street on lending him money to grow and take his company public. 52:01 - What sets Copart apart from the majority of other companies that exist. 54:19 - How Copart strategically utilized technology to grow its business. 01:14:09 - Copart’s four major competitive advantages. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Leandro’s blog: [Best Anchor Stocks] (https://www.bestanchorstocks.com/) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at [clay@theinvestorspodcast.com] (mailto:clay@theinvestorspodcast.com) . ---Episode Mentioned: [TIP593: Elon Musk by Walter Isaacson] (https://link.chtbl.com/WSB593) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/elon-musk-by-walter-isaacson/) . ---Episode Mentioned: [TIP549: 2 High-Quality Compounders] (https://link.chtbl.com/WSB549) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/2-high-quality-compounders/) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Check out the books mentioned in the podcast [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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

19 Jan 2024

1 HR 24 MINS

1:24:24

19 Jan 2024


#828

BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)

Dive into Bitcoin's 2024 technical landscape with NVK. We dissect the impact of covenants and CheckTemplateVerify (CTV) on smart contracting and scalability, analyze OP_RETURN's usage, and evaluate the Lightning Network's potential for scaling. We also ponder Layer 2's self-custody significance, tackle block spam concerns with node filters, and delve into transaction developments brought by SegWit and Taproot. Additionally, we discuss BRC20 implications and assess the Mempool's health score. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:20 - An understanding of the Mempool health score and what it indicates about the Bitcoin network's efficiency and congestion. 06:31 - The technical intricacies and implications of implementing covenants in Bitcoin. 09:01 - The advancements in transaction structures and efficiency brought by the Taproot update. 09:01 - Insights into the potential and challenges of BRC20 tokens or standards on the Bitcoin network. 11:34 - The role and impact of OP_RETURN in Bitcoin transactions. 13:41 - Challenges and opportunities in scaling the Lightning Network. 25:59 - The importance of self-custody in Bitcoin's Layer 2 solutions. 48:46 - How CheckTemplateVerify (CTV) could revolutionize smart contracting and enhance Bitcoin's scalability. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Link to NVK’s [Cold Card Hardware wallet] (https://coldcard.com) . ---Link to [NVK’s AI website] (https://unleashed.chat/) . ---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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

17 Jan 2024

58 MINS

58:46

17 Jan 2024


#827

TIP600: Business Durability and Strategy Masterclass with Hamilton Helmer

On today’s episode, Kyle talks to Hamilton Helmer about the power of being an educator and how it’s helped him improve at strategy and investing, the differences between power and operational excellence, how he formulated his 7 powers, a deep dive into all 7 powers, updated case studies of some of the powers, why barriers are so important when benefits are much easier to find. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:41 - How Hamilton uses his knowledge of strategic consulting to invest in companies with durable competitive advantages. 01:52 - How Joseph Schumpeter has helped shape Hamilton’s strategy on entrepreneurship. 14:00 - Traits of earlier stage businesses with potential for power. 20:25 - How to observe the power of a brand to ensure its advantage isn’t being eaten away. 24:02 - How businesses with switching costs power can keep customers happy while increasing prices. 24:12 - Hamilton’s personal story of the power of Apple’s brand and switching costs. 29:12 - The distinction between power and strategy. 30:46 - The power of cornered resources. 32:50 - Why algorithms are not a cornered resource. 38:01 - Changes in capital availability for private businesses. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Check out Hamilton’s book, [7 Powers: The Foundations of Business Strategy] (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319?keywords=7+powers&qid=1704397494&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=1661a08b9e9a0c6103d062f43bf9be25&language=en_US&ref_=as_li_ss_tl) . ---Learn more about [Strategy Capital] (https://strategycapital.com/) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at [clay@theinvestorspodcast.com] (mailto:clay@theinvestorspodcast.com) . ---Follow Kyle on [Twitter] (https://twitter.com/IrrationalMrkts) and [LinkedIn] (https://www.linkedin.com/in/kylegrievetip/) . ---Check out the books mentioned in the podcast [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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

14 Jan 2024

44 MINS

44:40

14 Jan 2024


#826

TIP599: Top Stocks for 2024 w/ Jonathan Boyar

On today’s episode, Clay is joined by Jonathan Boyar. They discuss his firm’s most recent release of The Forgotten Forty, which outlines their 40 best stock ideas for 2024. Jonathan Boyar is president of Boyar’s Intrinsic Value Research, an independent equity research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds, and family offices as subscribers. He is also a principal of Boyar Asset Management, which has been managing money utilizing a value-oriented strategy since 1983.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:45 - How a company makes the list of the Forgotten Forty. 09:52 - Potential catalysts Jonathan looks for in his investments. 14:30 - Why Uber remained on the Forgotten Forty list after being the list’s top performer in 2023. 21:58 - Jonathan’s thoughts on the underperformance of small-cap stocks since 2015. 28:04 - An overview of Interactive Brokers stock. 39:22 - Why Bill Ackman has taken a massive stake in Howard Hughes. 50:26 - Why Jonathan likes Madison Square Garden Sports Corporation. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. ---Learn more about the Berkshire Summit by clicking  [here] (http://theinvestorspodcast.com/berkshiresummit)  or emailing Clay at  [clay@theinvestorspodcast.com] (mailto:clay@theinvestorspodcast.com) . ---Boyar Research’s  [Forgotten Forty] (https://boyarresearch.com/2024) . ---Boyar Research’s  [Substack] (https://boyarresearch.substack.com/) . ---Books mentioned:  [100 Baggers] (https://www.amazon.com/100-Baggers-Stocks-100-1/dp/1621291650?crid=2QRKC6R1B1UTR&keywords=100+baggers+by+christopher+mayer&qid=1704813876&sprefix=100+baggers%2Caps%2C110&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=ae99779d3a4c9b7f1e0a6318e44003e0&language=en_US&ref_=as_li_ss_tl)  by Chris Mayer. ---Related Episode:  [TIP518: The Buy List for 2023 w/ Eddy Elfenbein] (https://link.chtbl.com/WSB518) | YouTube  [video] (https://www.theinvestorspodcast.com/episodes/the-buy-list-for-2023-w-eddy-elfenbein/) . ---Check out all the books mentioned and discussed in our podcast episodes  [here] (https://prodcast.io/tip) . ---Follow Jonathan on [Twitter] (https://twitter.com/BoyarValue) . ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . 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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

12 Jan 2024

51 MINS

51:55

12 Jan 2024


#825

BTC164: Bitcoin & Real Estate w/ Leon Wankum

In this insightful episode, real estate expert Leon Wankum delves into the evolving landscape of asset investments. We discuss how Bitcoin could redefine real estate's value, comparing traditional and digital asset strategies. Leon shares his thoughts on Bitcoin's influence on property prices, its role as a new monetary standard, and potential shifts in real estate financing. A must-listen for anyone interested in the intersection of Bitcoin and real estate. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:13 - The potential of Bitcoin as a new monetary unit of account. 05:03 - How Bitcoin compares with real estate as a store of value. 09:01 - The impact of Bitcoin on the monetary premium of real estate. 25:03 - The effect of Bitcoin's growth on global real estate markets. 25:03 - Balancing Bitcoin's volatility against real estate's stability. 32:10 - Reasons why real estate investors should consider Bitcoin. 35:57 - Specific Bitcoin investment strategies for real estate investors. 51:10 - Regulatory and market adaptations required for a Bitcoin standard in real estate. 54:52 - Changes in real estate financing due to Bitcoin integration. 54:52 - The future of real estate development in a Bitcoin-centric economy. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Leon Wankum’s [Twitter] (https://twitter.com/leonwankum) . ---Leon Wankum’s [Newsletter] (https://leonawankum.substack.com) . ---Leon’s [webpage] (https://linktr.ee/leonwankum) where you can learn more about him. 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/) --- [NetSuite] (https://netsuite.com/study) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

10 Jan 2024

55 MINS

55:03

10 Jan 2024


#824

RWH039: Optimal Performance w/ Daniel Goleman

In this episode, William Green brings back Daniel Goleman, author of “Emotional Intelligence,” an iconic book that’s sold over 5 million copies. Here, Dan talks about his new book, “Optimal: How to Sustain Personal & Organizational Excellence Every Day.” He explains how to master the skills of emotional intelligence to become more productive, more effective, calmer, & happier.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:55 - Why Daniel Goleman seeks sustainable excellence, not a “flow” state. 10:44 - How Peter Lynch illustrates the dangers of driving yourself too hard. 15:54 - Why companies need emotionally intelligent leaders. 17:23 - How to boost creative thinking by allowing yourself time to relax. 32:02 - Why EQ trumps IQ in the professional world. 34:21 - How to enhance the foundational skill of self-awareness. 37:08 - How to become a better listener. 48:39 - What the Dalai Lama told Dan about self-compassion. 49:27 - How emotional self-management enhances decision making. 50:42 - How to recover from stress & avoid burnout. 1:08:50 - How to build focused attention in a wildly distracting world. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Daniel Goleman’s [website] (https://www.danielgoleman.info/) . ---Daniel Goleman’s [Emotional Intelligence Courses] (https://danielgolemanemotionalintelligence.com/) . ---Check out [Optimal] (https://www.amazon.com/Optimal-Sustain-Personal-Organizational-Excellence/dp/0063279762?crid=1KBR4ZLNS2F0Z&keywords=optimal+by+daniel+goleman&qid=1704298572&sprefix=optimal+by+%2Caps%2C114&sr=8-1&returnFromLogin=1&linkCode=ll1&tag=tipnetwork-20&linkId=6ecc7c6a2f729fc7558a6aeb897c74f5&language=en_US&ref_=as_li_ss_tl) by Daniel Goleman & Carey Cherniss. ---Check out [Emotional Intelligence] (https://www.amazon.com/Emotional-Intelligence-Matter-More-Than/dp/055338371X?_encoding=UTF8&qid=1704298831&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=d58fc5f02dc64738b87e0465dc200756&language=en_US&ref_=as_li_ss_tl) by Daniel Goleman. ---Daniel Goleman & Richard Davidson's book, [Altered Traits] (https://www.amazon.com/Altered-Traits-Science-Reveals-Meditation/dp/0399184392?_encoding=UTF8&qid=1704298937&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=4ab3304894d7ee08b6114bb087d54db2&language=en_US&ref_=as_li_ss_tl) . ---Tara Bennett-Goleman's book, [Emotional Alchemy] (https://www.amazon.com/Emotional-Alchemy-Mind-Heal-Heart/dp/0609809032?_encoding=UTF8&qid=1704298998&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=f18f50086fd6f7f3dedc99f02d18b858&language=en_US&ref_=as_li_ss_tl) . ---William Green’s 2023 [podcast interview] (https://link.chtbl.com/RWH018) with Daniel Goleman & Tsoknyi Rinpoche | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-be-happy-w-tsoknyi-rinpoche-daniel-goleman/) . ---William Green’s 2022 [podcast interview] (https://link.chtbl.com/RWH011) with Daniel Goleman | [YouTube Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/the-emotionally-intelligent-investor-w-daniel-goleman/) . ---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) --- [Glengoyne Whisky] (https://glengoyne.com/) --- [NetSuite] (https://netsuite.com/study) --- [Shopify] (https://shopify.com/wsb) --- [Toyota] (https://buyatoyota.com/) --- [Babbel] (https://babbel.com/wsb) --- [Salesforce] (https://www.salesforce.com/) --- [Fundrise] (https://fundrise.com/WSB) --- [Fidelity] (https://www.fidelity.com/) --- [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) ... Read more

07 Jan 2024

1 HR 49 MINS

1:49:50

07 Jan 2024


#823

TIP598: A Tribute to Charlie Munger

On today’s episode, Clay shares a tribute to Charlie Munger since we just crossed what would have been his 100th birthday on January 1st, 2024.  Charlie Munger was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Buffett described Munger as his closest partner and right-hand man. At the time of his death, Munger had an estimated net worth of $2.6 billion.  Charlie has had an enormous impact on the value-investing community, and this episode is dedicated to him to honor his contributions to the community and his worldly wisdom. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:11 - The importance of simplicity in investing and life. 03:17 - The three foundational principles to how Buffett and Munger invest. 08:27 - Why Charlie focused on minimizing standard stupidities to win in life. 14:37 - Munger’s lessons on living a meaningful and fulfilling life. 20:02 - How Munger used his setbacks in life as opportunities to learn and grow as an individual. 23:43 - Munger’s thoughts on the shortcomings of GAAP accounting. 26:23 - The tremendous importance of incentives. 33:26 - How Charlie helped Warren Buffett become a better investor. 42:48 - An overview of Charlie’s investment in Costco and his admiration for the business. 52:12 - The top investment lessons from studying Charlie Munger. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES ---Join the exclusive  [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/)  to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. ---Check out [What I Learned About Investing From Darwin] (https://www.amazon.com/What-Learned-About-Investing-Darwin/dp/0231203489?crid=16JA51RFNXAY0&keywords=what+i+learned+about+investing+from+darwin&qid=1703189631&sprefix=what+I+learned+abou%2Caps%2C190&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=f39e61a74675bcda8e33cdaaf13298c0&language=en_US&ref_=as_li_ss_tl) . ---Learn more about the Berkshire Summit by clicking [here] (http://theinvestorspodcast.com/berkshiresummit) or emailing Clay at [clay@theinvestorspodcast.com] (mailto:clay@theinvestorspodcast.com) . ---William Green’s podcast interview with [Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis] (https://link.chtbl.com/RWH037) . | Youtube [Video] (https://www.theinvestorspodcast.com/richer-wiser-happier/celebrating-charlie-munger-w-mohnish-pabrai-tom-gayner-joel-greenblatt-chris-davis/) .  ---Related Episode - [TIP494: The Worldly Wisdom of Charlie Munger] (https://link.chtbl.com/WSB494)  | YouTube [Video] (https://www.youtube.com/watch?v=0RldYtkp1D4) .  ---Related Episode - [TIP571: Charlie Munger & The Psychology of Human Misjudgment] (https://link.chtbl.com/WSB571) . | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/charlie-munger-the-psychology-of-human-misjudgment/) .  ---Related Episode - [TIP492: The Best Investor You've Never Heard Of (Nick Sleep)] (https://link.chtbl.com/WSB492)  | YouTube [Video] (https://www.theinvestorspodcast.com/episodes/the-best-investor-youve-never-heard-of/) .  ---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/) .  ---Follow Clay on [Twitter] (https://twitter.com/Clay_Finck) . ---Check out the books mentioned in the podcast [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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [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) ... Read more

05 Jan 2024

51 MINS

51:44

05 Jan 2024


#822

We Study Billionaires by The Investor's Podcast Network (Trailer)

We Study Billionaires podcast, hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve, is the flagship podcast of The Investor’s Podcast Network, with more than 100 Million downloads. On the show, they interview and study famous financial billionaires including  [Warren Buffett] (https://www.theinvestorspodcast.com/warren-buffett-videos/) ,  [Charlie Munger] (https://www.theinvestorspodcast.com/charlie-munger/) ,  [Howard Marks] (https://www.theinvestorspodcast.com/legend-investors-stock-portfolio/howard-marks-stock-portfolio/) , and  [Bill Gates] (https://www.theinvestorspodcast.com/legend-investors-stock-portfolio/bill-gates-stock-portfolio/) , and they teach you what they learn and how you can apply their  [investment strategies] (https://www.theinvestorspodcast.com/warren-buffett-investment-strategy/)  in the stock market. Leverage the lessons we learned from studying billionaires and apply them in your own investing journey. Listen to our weekly episodes below. Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

03 Jan 2024

01 MINS

01:21

03 Jan 2024


#821

BTC163: A Bitcoin HVAC & Hot Water System in the House w/ Michael Schmid (Bitcoin Podcast)

In this insightful episode, we dive into the dual role of Bitcoin mining rigs in both generating cryptocurrency and heating water at home. Our guest, a skilled Bitcoin engineer, shares the technical nuances and environmental considerations of his unique setup. The conversation also analyzes the strategic consequences of the Red Sea conflict, discussing its profound effects on international trade, maritime security, and the stability of the US dollar in global finance. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:27 - An analysis of the Red Sea's role in global trade and its geopolitical significance. 01:27 - How the conflict in the Red Sea region affects international maritime trade and shipping routes. 01:27 - Discussion on the influence of the Red Sea conflict on the stability and dominance of the US dollar. 01:27 - Insights into the broader implications of maritime security issues on global trade. 01:27 - Understanding the complex interplay between geopolitical events and their impact on global trade dynamics. 14:54 - How Bitcoin mining can be integrated with domestic heating systems, particularly for water heating. 14:54 - Understanding the environmental considerations and sustainability aspects of using Bitcoin mining rigs. 35:54 - Exploring the potential and challenges of using renewable energy sources for Bitcoin mining. 35:54 - Latest trends and technological advancements in the field of Bitcoin mining. 39:35 - Insights into the technical setup and operation of at-home Bitcoin mining rigs. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES --- [Michael Schmid’s Twitter] (https://twitter.com/Schnitzel) . ---Michael’s Website: [Nakamoto Heating Solutions] (https://nakamotoheating.com) . ---Check out the books mentioned in the podcast  [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) . ---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) --- [TurboTax] (https://turbotax.com/) --- [Fidelity] (https://www.fidelity.com/) --- [Linkedin Marketing Solutions] (https://linkedin.com/results) --- [Wise] (https://wise.com/tip) --- [Fundrise] (https://fundrise.com/WSB) --- [NDTCO] (https://ndtco.com/) --- [Vacasa] (https://vacasa.com/) --- [NerdWallet] (https://nerdwallet.com/) --- [BiOptimizers - Nootopia] (https://nootopia.com/wsb) --- [Babbel] (https://babbel.com/wsb) --- [Efani] (https://efani.com/preston) --- [Shopify] (https://shopify.com/wsb) Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

03 Jan 2024

1 HR 04 MINS

1:04:35

03 Jan 2024