We Study Billionaires - The Investor’s Podcast Network
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 180,000,000+ 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...
TIP701: Against The Gods w/ Kyle Grieve
In today's episode, Kyle Grieve discusses the book Against The Gods and how risk has evolved over history, why risk management was deeply routed in gambling, how the insurance industry was launched, revolutionary learnings on risk from brilliant historical figures, how regression was formulated and how it tricks investors, the two economists who upended utility theory, the powerful concept of prospect theory and how it showed how irrational humans are, and much more!IN THIS EPISODE YOU’
TIP700: How to Invest during Fiscal Dominance w/ Lyn Alden
On today’s episode, Clay is joined by Lyn Alden to discuss fiscal dominance and its implications for investors. While many value investors claim that following the macro environment isn’t all that important, Lyn makes the compelling case that fiscal dominance has a considerable impact on financial markets overall. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:03 - What fiscal dominance is and why it matters.08:39 - Why the S&P 500 is at all-time highs with the backdrop of higher inte
BTC222: Top 5 Bitcoin Clips of Q1 2025 w/ Joe Burnett (Bitcoin Podcast)
In this episode, Joe Burnett and Preston Pysh analyze five key video clips featuring insights from Michael Saylor, Trace Mayer, Nik Bhatia, Tad Smith, and Howard Lutnick. They explore Bitcoin’s role in capital flow, how it disrupts traditional incentives, the mechanics of fiat money, the impact of monetary expansion on asset prices, and Bitcoin’s growing importance in global finance.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:20 - Michael Saylor’s "Waterfall Analogy" and why capital na
TIP699: Unlocking High-Growth Investments w/ Jason Donville and Jesse Gamble
In today's episode, Kyle Grieve chats with Jason Donville and Jesse Gamble about their investing philosophy, their emphasis on focusing on growth and value, their evolution from using ROE-focused metrics to the rule of 40 to identify great investing opportunities, how to use the rule of 40 to add high performing businesses to a watchlist, how the market reacts to interest rates, AI impact on the business landscape, and much more!Jason Donville is an award-winning analyst with a distingu
TIP698: Best Quality Stock Idea Q1 2025 w/ Clay Finck & Kyle Grieve
On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q1 2025. This quarter, they discuss AppFolio.AppFolio is a high-growth software company revolutionizing property management. Clay and Kyle explore its impressive revenue growth, competitive advantages, and how AI-driven innovations like Realm-X are helping AppFolio capture market share. The conversation also covers key risks, the competitive landscape, and the company's valuation, providing listeners
BTC221: Bitcoin Self-Repaying Mortgage Products w/ CJ Konstantinos (Bitcoin Podcast)
CJ Konstantinos, founder of People’s Reserve, shares his journey into Bitcoin, the philosophy behind his company, and groundbreaking products like self-paying mortgages. Discover insights on Bitcoin-backed loans, navigating regulatory challenges, and the evolution of traditional banking in a Bitcoin-driven world.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:06 - CJ Konstantinos’s journey into Bitcoin and the motivation to create People’s Reserve.13:28 - How Bitcoin-backed loans work and
RWH054: Billionaire Brit w/ Terry Smith
In this episode, William Green chats with British investing legend Terry Smith. Terry, a member of Bloomberg’s index of billionaires, manages the Fundsmith Equity Fund, which is the UK’s largest stock fund. Since 2010, it’s returned more than 600%, beating the MSCI World Index by over 200 percentage points. Here, Terry talks in depth about the skills, personality traits, & principles that catapulted him from poverty to the pinnacle of the investing world.IN THIS EPISODE YOU’LL LEARN
TIP697: The Secret to Buffett’s Business Success w/ Lawrence Cunningham
On today’s episode, Clay is joined by Lawrence Cunningham to discuss the value of trust-based cultures and organizations, and the value Warren Buffett has created by implementing such an approach at Berkshire Hathaway. Cunningham is the Director of the University of Delaware's John L. Weinberg Center for Corporate Governance. He’s the sitting director on three global public company boards — Constellation Software, Markel Group, and Kelly Partners Group. Cunningham is a best-selling auth
BTC220: US dollars on Bitcoin Lightning w/ Luke Gromen (Bitcoin Podcast)
Bitcoin’s Lightning Network is evolving into a global payments system, with over 21,000 active nodes enabling fast, low-cost transactions. Tether’s integration of USDT via the Taproot Asset Protocol could disrupt traditional finance, lowering transaction costs and increasing efficiency. This shift challenges banks and payment networks like Visa and Mastercard, pushing the financial system toward Bitcoin-backed tokenization.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:04 - How the Lightn
TIP696: Mastermind Discussion Q1, 2025 w/ Stig Brodersen, Tobias Carlisle, and Shawn O'Malley
In today's episode, Stig Brodersen is talking stocks with Tobias Carlisle and Shawn O’Malley. Tobias is pitching VeriSign, a business that prints money with high certainty year after year. Stig’s pick is the serial acquirer LIFCO, a wonderful company priced for perfection that he is on his watch list. Shawn’s stock of choice is the compounder, Ulta Beauty. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:19 - Why Toby is bullish on VeriSign (Ticker on NASDAQ: VRSN)07:29 - The bear case of
TIP695: The Story of Tencent: China's Tech Behemoth w/ Clay Finck
While the mainstream headlines often focus on the Magnificent Seven, we’re diving into a global powerhouse that often flies under the radar — Tencent. Based in Shenzhen, China, Tencent is a giant in gaming, social media, and cloud services. From the creation of WeChat—a super-app with over a billion monthly users—to investments in companies like Tesla, Spotify, and Snapchat, Tencent’s story is one of relentless innovation and strategic dominance. Since its IPO in 2004, shares of Tencent
BTC219: The Big Print w/ Lawrence Lepard
This episode dives deep into the systemic issues of broken money, the hidden impact of inflation, and the concentration of power in financial systems. Our guest unpacks how sound money, Bitcoin, and decentralization could lead to a fairer, more stable society. We discuss historical cycles, societal consequences, and practical steps for individuals to drive meaningful change.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:42 - How ‘broken money’ manifests in everyday life and its hidden soc
TIP694: The Scuttlebutt Edge: From Research to Returns w/ Kyle Grieve
In today's episode, Kyle Grieve will discuss the concept of scuttlebutt, made famous by Philip Fisher in Common Stocks and Uncommon Profits. You’ll learn why scuttlebutt is essential for building conviction and understanding both bullish and bearish perspectives, how it involves learning from key groups connected to a business, how asking the right questions can reveal valuable insights, why Industry specialists and strong networking are crucial for gathering expert knowledge, and how t
TIP693: The Power Law: Unlocking Venture Capital's Secrets w/ Clay Finck
In this episode, Clay explores The Power Law by Sebastian Mallaby and uncovers the secret behind venture capital’s astonishing success. The Power Law is a fundamental law of the universe that explains why just a handful of disruptive companies, like Google and Tesla, generate the lion’s share of returns. To win in the world of venture capital, investors must seek out bold, unconventional founders to back the next big idea. Tune in to learn how understanding the Power Law can transform y
BTC218: Bitcoin Mining 101 w/ Adam Haynes (Bitcoin Podcast)
In this episode, Adam Haynes from SimpleMining.io breaks down Bitcoin mining fundamentals, energy innovations, and advanced technologies like AI and quantum computing. We explore hashrate growth, the debate between mining and buying Bitcoin, and strategies for engaging new adopters.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:43 - The basics of Bitcoin mining and how block templates are created.04:28 - How transaction fees support the Bitcoin ecosystem.09:22 - The impact of hashrate gro
TIP692: Reading the Signals: How To Identify Winning Investments w/ Andrew Martin
In today's episode, Kyle Grieve chats with Andrew Martin about how he utilized his PhD in investing, the typical traits Andrew looks for in great investments, valuable physics-related mental models to improve your thinking processes, why Andrew is attracted to smallcap stocks, how Andrew utilizes his inflection point strategy to beat the market, how he evolved from an asset-based investor to where he is today, how to think about technological disruption in low-tech industries and much m
TIP691: Sol Price: The Retail Visionary Behind Costco w/ Clay Finck
Clay dives into the life and legacy of Sol Price, the pioneering retail entrepreneur who revolutionized the industry with FedMart and Price Club, ultimately leading to the creation of Costco. The episode explores how Price's business philosophies, including treating employees well and maintaining a relentless focus on providing value to customers, inspired iconic entrepreneurs like Sam Walton and Jeff Bezos.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:45 - The story of Sol Price startin
BTC217: MicroStrategy 2025 w/ Jeff Walton (Bitcoin Podcast)
Join us as Jeff Walton unpacks MicroStrategy's innovative financial strategies, including leveraging Bitcoin volatility, issuing convertible bonds, and building a balance sheet of permanent capital. We dive into valuations, ETF dynamics, accretive dilution, and what it means to be the "bank of the future."IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:49 - What "capturing the spread" means in MicroStrategy's strategy.02:32 - The difference between issuing convertible notes and common stoc
RWH053: Trouble Ahead w/ Bill Priest
In this episode, William Green speaks with Barron’s Roundtable member Bill Priest, who is Vice Chairman of TD Wealth and founder, Chairman, and Co-Chief Investment Officer of TD Epoch. Bill is the co-author of several books, including “Winning at Active Management.” Having prospered for six decades in the financial markets, Bill has seen it all. Here, he talks about his core investing principles & why he believes investors are too complacent in the face of mounting risk & fragil
TIP690: Top Stocks for 2025 & The "Buy" List w/ Eddy Elfenbein
On today’s episode, Clay is joined by Eddy Elfenbein to discuss his top stock picks for 2025. After Clay lets Eddy go, he also outlines his top stock pick for 2025 — Lumine Group.Eddy Elfenbein is a portfolio manager and creator of the Buy List, a portfolio of high-quality stocks that have consistently outperformed the market. Known for his Crossing Wall Street blog, he simplifies complex financial concepts into actionable insights for investors.He also manages the AdvisorShares Focused
BTC216: Bitcoin Transforming Africa w/ Erik Hersman and Charlene Fadirepo (Bitcoin Podcast)
In this episode, we discuss the Africa Bitcoin Conference, the passion for Bitcoin and human rights in Africa, and the innovative solutions tackling energy and financial inclusion. Featuring insights from Erik Hersman (Gridless) on energy infrastructure and Charlene Fadirepo on empowering African women through Bitcoin, we uncover how this technology is reshaping lives and creating opportunities for a brighter future.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:02 - Why the Africa Bitcoi
TIP689: My Journey into Financial Independence w/ Stig Brodersen
In today's episode, Stig Brodersen podcasts about his journey into financial freedom. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:45 - Why people overestimate what they can do in a year and underestimate what they can do in a year05:14 - The tipping point for Stig08:28 - Why most people don’t want to be financially independent. 11:58 - Why money can – sort of – buy you happiness15:55 - How much money one needs to retire17:00 - How to define financial independence18:22 - Why you (maybe)
TIP688: Long-Term Market Cycles w/ Rob Arnott
On today’s episode, Clay is joined by Rob Arnott to discuss the Fundamental Index, the equity risk premium, and where Rob believes we’re at in the value cycle.Rob Arnott is the founder and chairman of the board of Research Affiliates. Rob plays an active role in the firm’s research, portfolio management, product innovation, business strategy, and client-facing activities. He is a member of the Executive Committee of the board. Rob is co-portfolio manager on the PIMCO All Asset and All A
BTC215: Global Macro and Bitcoin Q1 2025 w/ Luke Gromen (Bitcoin Podcast)
Luke Gromen unpacks the dynamics of stablecoins and T-bills, Bitcoin’s role as a fiscal policy marker, and the implications of yield curve control. We delve into U.S. dollar devaluation, global liquidity in 2025, and the interplay of tariff threats and international Bitcoin reserves.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:10 - Why total federal receipts over 18% of GDP have historically led to recessions.11:25 - The connection between stablecoins and T-bill demand, and its influenc
(Trailer) We Study Billionaires by The Investor's Podcast Network
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 180 Million downloads.On the show, they interview and study famous financial billionaires including Warren Buffett, Charlie Munger, Howard Marks, and Bill Gates, and they teach you what they learn and how you can apply their investment strategies in the stock market.Leverage the lessons we learned fro
TIP687: The Art of Thoughtful Wealth Creation w/ William Green
In today's episode, Kyle Grieve is joined by co-host William Green, who explores topics like the art of cloning and the nuances required to do it effectively, whether or not contrarianism is a trait that can be learned, the inner workings of Charlie Munger’s incredible mind, and what we can learn from him, how to improve focus while reducing noise in a complex world, the power of simplicity, why quality is so impactful, where successful investors fall on the optimism spectrum, why close
TIP686: Big Tech Stocks w/ Adam Seessel
On today’s episode, Clay is joined by Adam Seessel to discuss the developments of Big Tech over the past couple of years. Adam is an investor in Alphabet and Amazon, and in this discussion, he shares his updated thoughts on the two since he published his book, Where the Money Is, back in 2022.Adam began his investing career doing research for Sanford C. Bernstein, Baron Capital, and Davis Selected Advisors. After these stints, he started his own firm, Gravity Capital Management. Since b
BTC214: Sam Callahan Bitcoin Current Events Rollup (Bitcoin Podcast)
In this episode, Sam Callahan and the host explore key developments in the Bitcoin ecosystem, including BlackRock’s statement on allocation, Marathon Digital’s impressive Bitcoin strategy, and Bitcoin’s positioning as digital gold. The conversation also touches on geopolitical impacts with BRICS, U.S. policies, and Michael Saylor’s vision for Bitcoin's corporate adoption. Additionally, Sam shares insights on health and fitness for a balanced lifestyle.IN THIS EPISODE YOU’LL LEARN:00:00
TIP685: Top Takeaways From 2024 w/ Kyle Grieve & Clay Finck
In today's episode, Kyle Grieve is joined by co-host Clay Finck to summarize key learnings from 2024. We chat about the importance of focus and avoiding confusing noise, data that shows how difficult individual stock picks are to succeed in, why you should welcome disconfirming evidence, the impermanence of seemingly impenetrable businesses, how to close feedback loops to ensure investments are on the right track, the importance of being trustworthy and reliable, and much more!IN THIS E
TIP684: Current Market Conditions & Poor Charlie's Almanack w/ Stig Brodersen & Clay Finck
On today’s episode, Clay Finck invites Stig Brodersen to discuss current market conditions and one of Stig’s favorite books — Poor Charlie’s Almanack.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:23 - How Stig and Clay think about today’s market.08:02 - Why we expect the stock market to continue to hit new all-time highs.08:02 - How Stig is protecting himself against potential inflation going forward.39:49 - Why Stig re-reads Poor Charlie’s Almanack each year.49:55 - The psychological bi
BTC213: 4Q 2024 Bitcoin Mastermind w/ Joe Carlasare, Jeff Ross, American HODL (Bitcoin Podcast)
Jeff Ross, American Hodl, and Joe Carlasare discuss Bitcoin’s historic price surge to $96,000, the influence of Donald Trump's re-election on crypto policy, and global proposals for Bitcoin reserves. Topics include regulatory challenges, institutional inflows, and game-changing corporate strategies.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:58 - Why experts believe $96,000 may not be the top for Bitcoin.14:10 - The potential impact of Trump’s re-election on U.S. Bitcoin policy.11:06 -
TIP683: The Evolution of a Legend: Lessons from Charlie Munger’s Life and Investments w/ Kyle Grieve
In today's episode, Kyle Grieve explores the life of Charlie Munger, drawing insights from his biography Damn Right!. He’ll cover Charlie’s similarities and differences with Benjamin Graham, the value of dedicating an hour a day to thinking, the role of decisiveness and conviction in transformative investments, and how independent thinking shaped his life. Plus, he’ll discuss lessons from his days practicing law, key takeaways from his investment partnership, and much more!IN THIS EPISO
TIP682: Buffett's Early Investments by Brett Gardner w/ Clay Finck
In today’s episode, Clay reviews Brett Gardner’s new book, Buffett’s Early Investments. Brett is an Analyst at Discerene Group LP, a private investment partnership that invests globally based on a fundamental and long-term value investing philosophy. Like us here at TIP, Brett is also a huge fan of Warren Buffett.During Buffett’s early partnership years from 1957 to 1969, he compounded his investors’ capital at 23.8% net of fees relative to the Dow Jones, returning just 7.4%.IN THIS EPI
BTC212: Jack Mallers on Bitcoin 2025 Expectations and Strike's New Features (Bitcoin Podcast)
Jack Mallers joins to discuss Bitcoin’s evolving landscape, from the potential for strategic reserves to regulatory shifts and exciting advancements in Lightning and Strike’s new working capital feature.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:12 - The potential reality of a Bitcoin strategic reserve.07:38 - Insights into the rumored $2 billion Bitcoin deposit by the U.S. government.14:36 - What Operation Chokepoint 2.0 could mean for Bitcoin and crypto regulations.17:55 - How regul
TIP681: Mastermind Q4, 2024 w/ Stig Brodersen, 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 Evolution is one of them. Hari’s pick, Occidental Petroleum, a stock Buffett has recently added to, and Tobias pitches Alpha Metallurgical Resources, a value stock that Mohnish Pabrai has loaded up on. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:34 - What to make of Berkshire’s $300B+ cash pile33:16 - Stig’s bull case is for Evol
TIP680: Investing in Exceptional Businesses for the Long Run w/ Dev Kantesaria
On today’s episode, Clay is joined by Dev Kantesaria to discuss the current market environment, the types of investments he is looking for, FICO, S&P Global, and much more.Dev is the founder and portfolio manager at Valley Forge Capital Management. The firm has been highly successful since its inception in 2007, as it’s outperformed the S&P 500 by a wide margin and has over $4 billion in assets under management.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:46 - Dev’s view on the
BTC211: Bitcoin vs Art and Real Estate w/ Tad Smith (Bitcoin Podcast)
Exploring the art world with Tad Smith, former CEO of Sotheby’s, as we uncover the intersection of art, Bitcoin, and investment strategies.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:28 - The significance behind the $6.2M sale of a banana duct-taped to a wall.08:07 - How stories shape the perception and value of art investments.08:46 - What makes artwork valuable beyond its aesthetic appeal.14:54 - Why scarce and desirable items tend to accrue lasting value.23:20 - Whether and how inve
RWH052: Wise Guys w/ Ray Dalio, Bill Miller, Chris Davis & Michael Berg
In today’s special episode, William Green looks back at some of the most powerful lessons from the first 50 episodes of the podcast. He highlights four of his favorite interviews: with multibillionaire Ray Dalio, Berkshire Hathaway board member Chris Davis, investing legend Bill Miller, & author Michael Berg. Here, Dalio discusses how to overcome our weaknesses; Miller reveals the insights that made him a vast fortune on Bitcoin; Davis shares what he’s learned from Buffett & Mun
TIP679: Quality Shareholders by Lawrence Cunningham w/ Clay Finck
Anyone can buy a stock in a public company, but not all shareholders are equally committed to a company’s long-term succes. Today’s companies need quality shareholders, or shareholders who buy large stakes and hold for long periods.Lawrence Cunningham explains why in his book — Quality Shareholders: How the Best Managers Attract and Keep Them. When it comes to corporate governance, there is no one better to learn from than Lawrence. He’s the Director of the John Weinberg Center for Cor
BTC210: 2024/25 Bitcoin Bull Market Overview w/ James Check (Bitcoin Podcast)
In this episode, we dive into Bitcoin, on-chain analysis, and future adoption trends, exploring topics from OTC exchanges to Bitcoin’s price potential and regulatory impacts. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:47 - Why Bitcoin exchange balances have declined and what this signals.03:28 - Why Australian Bitcoiners are prominent despite lagging national adoption.07:10 - The role of OTC exchanges in today’s BTC transactions.11:04 - Whether on-chain analysis remains relevant amid
TIP678: Mastering Focus Investing: Lessons From The Legends w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses major takeaways from the book The Warren Buffett Portfolio, including why concentrated portfolios offer the highest probabilities of outperforming, how focus investors think about risk, Warren Buffett’s four-step framework for identifying great investments, the importance of patience, discipline, and self-awareness to investing success, how to widen your circle of competence, why thinking in probabilities is intertwined with outperfrmance and ri
TIP677: You Can Be a Stock Market Genius w/ Roger Fan
On today’s episode, Clay is joined by Roger Fan to discuss Joel Greenblatt’s book, “You can be a Stock Market Genius.” Joel Greenblatt is one of the greatest hedge fund managers of all time. Greenblatt famously averaged 40% a year over 20 years. At that rate, $1 million grows into $836 million. He’s also the author of best-selling classics like “The Little Book that Beats the Market” and was a key character in William Green’s book, “Richer, Wiser, Happier.” Roger Fan is the Chief Invest
BTC209: Bitcoin Lightning Balancing MoE and SoV w/ Roy Sheinfeld (Bitcoin Podcast)
Exploring Bitcoin's Future as Both Store of Value and Medium of Exchange with Roy Sheinfeld, CEO of Breez, a leader in Bitcoin's Lightning Network. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:22 - How Breez uses the Lightning Network to enable seamless Bitcoin transactions.04:50 - Challenges and solutions to improving Bitcoin’s user experience for mainstream adoption.08:47 - Why Roy Sheinfeld believes Bitcoin must function as both a store of value and a medium of exchange.18:54 - The
TIP676: Richer, Wiser, Happier Q4, 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 building meaningful relationships and traveling with friends along the path, they discuss what has made them Richer, Wiser, or Happier in the past quarterIN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:12 - Why the opposite of a virtue is also a virtue23:06 - Why the Nomad Partnership principles resonate so deeply with the value investing community29:22 - Why it
TIP675: Best Quality Stock Idea Q4 2024 w/ Clay Finck & Kyle Grieve
On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q4 2024. This quarter, they discuss Mastercard.Mastercard is a well-known company in the world of quality investors. Since its IPO in 2006, the stock has compounded at north of 30% per year. Alongside Visa, Mastercard operates in a duopolistic industry which enables them to continue to grow for long time periods with little capital investment. The company is also held in many superinvestors portfolio
BTC208: Why CBDCs are Failing & Bitcoin is Winning w/ Dread (Bitcoin Podcast)
Join us as we delve into Dread’s inspiring story, from his days as a world-class athlete to his significant contributions in the world of Bitcoin. Learn about the Caribbean crypto landscape, challenges of CBDCs, and his work with OpenSats funding innovative Bitcoin projects.Discover more about Flash, his Bitcoin wallet and exchange platform, and the fascinating world of e-cash engineering.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:34 - How Dread transitioned from a track and field car
RWH051: Master of Change w/ Brad Stulberg
In today’s episode, William Green chats with Brad Stulberg about how to thrive amid change. Brad is the best-selling author of Master of Change: How to Excel When Everything is Changing—Including You & The Practice of Groundedness: A Transformative Path to Success that Feeds—Not Crushes—Your Soul. Here, he shares practical tools & strategies based on scientific research, battled-tested wisdom, & his work as a high-performance coach to business leaders & elite athletes.IN
TIP674: Outperforming the Market, Managing Risk, & Market Inefficiencies w/ Andrew Brenton
On today’s episode, Clay is joined by Andrew Brenton to discuss his biggest investment lessons from beating the market over the past 25 years.Andrew Brenton is the CEO and co-founder of Turtle Creek Asset Management. Since its inception in 1998, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for the S&P 500. $10,000 invested into their fund at inception would have grown to over $1.2 million as of September 30th, 2024, and had that money been invested in
BTC207: Bitcoin, AI, Nostr, and Hardware Manufacturing w/ NVK (Bitcoin Podcast)
NVK joins the show to discuss the potential of AI, explore the impact of Nostr on data vending and content creation, and share his thoughts on security, hardware manufacturing challenges, and what's exciting in Bitcoin’s evolving tech landscape.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro08:34 - The core concept behind NVK's AI project, Unleashed.chat14:54 - What digital vending machines are, and how they tie into Nostr.21:13 - Frustrations NVK has with common security advice.22:36 - Key
TIP673: A Short History Of Financial Euphoria w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the anatomy of a speculative event, why it’s so easy for people to take part in them, and why these events are unlikely to stop in the future; a few major euphoric episodes from history outlined in the book, three more recent bubbles that most listeners lived though, why the rise in IPOs are often the result of mini bubbles, six primary takeaways from the book to help protect yourself from investing in bubbles, and a whole lot more!IN THIS EPISO
TIP672: Quality of Earnings: Uncovering Hidden Red Flags w/ Clay Finck
Many investors who analyze stocks take the numbers provided by the company at face value, but there are times when this can be a massive investing mistake.To help shed light on what the earnings provided by a company really mean for us as investors, we reviewed the book — Quality of Earnings by Thornton O'Glove. Thornton is a Wall Street veteran known for pioneering red flag deviation analysis. This book is an indispensable guide to determining how much money a company is really making
BTC206: How Open Source Bitcoin Development is Funded w/ Matt Odell (Bitcoin Podcast)
In this episode, Matt Odell discusses how open-source Bitcoin development is funded through initiatives like OpenSats, the significance of ignoring Satoshi’s identity, and why Nostr, Cashu, and Fedi are critical for Bitcoin’s future. He also shares insights on building Bitcoin Park, a community hub, and reveals one of his pet peeves in the Bitcoin space.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:04 - Why it’s essential to ignore the mystery behind Satoshi’s identity.08:26 - What OpenS
TIP671: Unconventional Value: Contrarian Thinking and Outperformance w/ Larry Connor
On today’s episode, Kyle Grieve chats with Larry Connor about why being different is crucial to outperformance, why turning over the most rocks and ruthlessly eliminating opportunities is vital to success, why Larry searches for “train wreck” apartments to optimize, the importance of investing counter-cyclically, how being unconstrained by conventional thinking has propelled his success, the critical importance of being disciplined to your core values, and a whole lot more!Larry Connor
TIP670: Sam Zell’s Secrets to Spotting Bargains & Managing Risk
On today’s episode, Clay reviews the wonderful book — Am I Being Too Subtle by Sam Zell. Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He was the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam made many bold moves and investments, earning him a reputation as a savvy and fearless investor. One of Sam’s most notable achievements was his role in creating the modern-
BTC205: Bitcoin Interest on FDIC Insured Cash Accounts w/ Alex Leishman (Bitcoin Podcast)
Alex Leishman discusses River's recent report on the 30% growth in business Bitcoin adoption, detailing trends in cross-border payments, treasury management, and the unique ways businesses are integrating Bitcoin. He also touches on River's major new service, the importance of proof of reserves, and shares insights on how companies can navigate volatility in the crypto space.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:46 - Why Bitcoin adoption among businesses grew by 30% in just one y
RWH050: The Intelligent Investor w/ Jason Zweig
In today’s episode, William Green chats with Jason Zweig about his updated & revised edition of Benjamin Graham’s The Intelligent Investor, which Warren Buffett describes as “by far the best book on investing ever written.” Jason, who also writes the Wall Street Journal’s Intelligent Investor column, explains why Graham’s classic book still holds vitally important lessons for today’s investors. He also shares what he’s learned from interviewing Buffett & Charlie Munger.IN THIS E
TIP669: Quietly Compounding at 20%+ Per Year w/ Derek Pilecki
On today’s episode, Clay is joined by Derek Pilecki.Derek is a managing member and portfolio manager at Gator Capital Management, which manages Financials sector long/short portfolios for private partnerships and mutual funds. Since its inception in July 2008, Gator Capital has compounded capital at 21.0% per annum versus 11.8% for the S&P 500 over the same time period.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:48 - Derek’s experience of launching a financials-focused fund 10 week
BTC204: Stablecoins vs Bitcoin w/ Allen Farrington (Bitcoin Podcast)
In this episode, Allen shares his thoughts on the Saifedean vs. Saylor debate on borrowing against Bitcoin, the role of stablecoins in expanding fiat, and their underlying protocols. He also delves into the risks of stablecoins compared to traditional bank accounts and highlights current technical risks in the crypto space. Allen gives his take on free speech and technologies like Nostr and discusses the growing custody and derivatives activity with institutions like BNY Mellon and IBIT
TIP668: What I learned About Investing w/ Stig Brodersen
In today's episode, Stig Brodersen outlines 10 things he has learned about investing since he started The Investor’s Podcast in 2014. In the second segment of the show, Clay Finck joins to discuss his top takeaways from his investing career. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:12 - Why you should be careful who you listen to about stock investing. 07:45 - Why you should not screen for stocks.08:29 - Why Stig’s circle of competence is getting smaller.11:31 - Why Stig do not read
TIP667: Why Most Stocks Will Lose You Money w/ Professor Hendrik Bessembinder
On today’s episode, Clay is joined by Professor Hendrik Bessembinder to discuss his renowned research on the performance of individual stocks.Professor Bessembinder is a finance professor at Arizona State University, and his research titled, ‘Do Stocks Outperform Treasury Bills?’ has been referenced many times on the show. As a frequent speaker at conferences, financial markets, and universities around the world, Professor Bessembinder has more than 25 years of successful consulting exp
BTC203: Bitcoin Mining Decentralization with the Datum Protocol at Ocean Mining w/ Bitcoin Mechanic and Jason Hughes (Bitcoin Podcast)
In this episode, we dive into the technicalities of Bitcoin block templates, the Stratum V1 and V2 protocols, and the innovations brought by Ocean’s Datum Protocol. We also explore a fascinating story of Tesla hacking and the challenges of implementing decentralized mining pools.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:48 - What a Bitcoin block template is and its role in decentralization.07:07 - The function and limitations of Stratum V1 software.09:12 - How Stratum V2 aims to impr
TIP666: Compounding Beyond Wealth: Unlocking Life’s Hidden Potential w/ Clay Finck & Kyle Grieve
On today’s episode, Kyle Grieve chats with co-host Clay Finck about Clay’s favorite book, The Joys of Compounding. They discuss how compounding can profoundly affect people's lives inside and outside of investing, simple thinking tools to make better decisions, why humility is such an important trait all good investors possess, how to think about value and quality traps regarding evaluation, why you should emphasize compounding in your relationships with others and your health, and a wh
TIP665: The Most Important Thing by Howard Marks w/ Clay Finck & Kyle Grieve
On today’s episode, Clay and Kyle review The Most Important Thing by Howard Marks and share their most impactful takeaways.Howard Marks is the co-founder and co-Chairman of Oaktree Capital Management, a global investment giant with more than $190 billion in assets. He’s also the author of two best-selling books, “The Most Important Thing” and “Mastering the Market Cycle,” and his client memos have earned him renown as one of the world’s most insightful thinkers on financial markets and
BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)
In this episode, we dive into SAB 121’s implications on Bitcoin, discuss BNY Mellon’s crypto custody services, and explore how regulatory changes and institutional adoption could shape Bitcoin's future value. We also examine BlackRock’s demands on Coinbase, changes in M2 money supply, and Basel III’s risk weight requirements for cryptoassets.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:32 - The significance of BNY Mellon’s approval for custody services.02:01 - Michael Saylor's three pre
TIP664: The Nomad Investment Partnership Way: Quality In Business and Beyond w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the investing philosophy and concepts from the Nomad Investment Partnership, how they created their fund structure to align themselves with partners, why they settled on inactivity, the powerful effects of businesses that share profits with customers rather than shareholder, how they ended up focusing on the scale economies shared business model, how they dealt with commitment bias, and a whole lot more!IN THIS EPISODE YOU’LL LEARN:00:00 - Intro
TIP663: The Truth About Private Equity w/ Ted Seides
On today’s episode, Clay is joined by Ted Seides to discuss his new book — Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals.Over the past 20 years, the private equity industry has gone from a cottage industry to a powerful juggernaut that touches every corner of the global economy — now totaling over $6 trillion.Ted is the former president and Co-CIO of Protege Partners, and prior to that, he was a senior associate, working under i
BTC201: eCash on Bitcoin & Nostr w/ Calle from Cashu (Bitcoin Podcast)
Join us as Calle, the creator of Cashu Protocol, explores how Cashu enhances the Bitcoin Lightning Network by offering a privacy-focused solution for micropayments. We delve into key topics such as custodial vs. non-custodial Bitcoin solutions, Cashu’s impact on network growth, and the future of Nostr integration with Bitcoin. Calle also explains how Cashu balances security with usability while aiming to promote global scalability and decentralization.IN THIS EPISODE YOU’LL LEARN:00:00
TIP662: Building Buffett: The Foundation Of Success w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses an underrated book called “Warren Buffett’s Ground Rules” by Jeremy Miller, he’ll discuss how to avoid being taken advantage of by Mr. Market, how to maximize the effects of compounding, how Warren thinks about tracking investment performance, how Buffett aligned himself with his partners, why contrarianism is such a good trait in investing, the challenged of scaling capital and a whole lot more!IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:34 -
TIP661: Betting Big on China & Lessons from Bear Markets w/ Richard Lawrence
On today’s episode, Clay is joined by Richard Lawrence. Richard is the Founder and Executive Chairman of Overlook Investments, a leading value-oriented investment firm in Asia that he founded in 1991.Over a 30-year time period, Overlook compounded capital at 14.3% per year — a remarkable record of growth that is a testament to their consistent ability to find and invest in Asia’s best companies.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:53 - Why the 1980s was the most transformative p
BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast)
In this episode, Matthew Mežinskis shares insights from his 6 years of research on base money trends, inflation vs. deflation, and the growth of Bitcoin. We delve into historical examples like Kublai Khan, examine the impact of population growth, and explore why central bank actions now face greater scrutiny. Mežinskis also explains why he views CBDCs as mere imitations of Bitcoin's success and sheds light on Bitcoin’s long-term growth potential.IN THIS EPISODE YOU’LL LEARN:00:00 - Intr
TIP660: Mastermind Q3, 2024 w/ Stig Brodersen, 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 Betsson is one of them. Hari’s pick, Nintendo, is at an attractive spot in the console cycle, and Tobias pitches Virtu, a value stock trading at an appealing valuation. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:04 - Why Toby has invested in Virtu Financial (Ticker on NASDAQ: VIRT).13:23 - The bear case for Virtu, including a di
TIP659: Hermès Stock Deep Dive w/ Shree Viswanathan
On today’s episode, Clay is joined by Shree Viswanathan for a stock deep dive on Hermès. Hermès is a luxury goods manufacturer renowned for its high-quality craftsmanship. The brand is known for its iconic products, such as the Birkin and Kelly bags, silk scarves, and equestrian-inspired items.Since the IPO in 1993, shares of Hermès have compounded at 20.6% (excluding dividends), while the S&P 500 had a total return of just 10.4%. Shree Viswanathan is the founder and portfolio manag
BTC199: Bitcoin's Collateral in Real Estate w/ Leon Wankum (Bitcoin Podcast)
This episode covers key real estate market trends amid rising inflation and interest rates, particularly in city centers. We discuss the markdown of commercial properties, the impact on rental vs. ownership rates, and regional pricing variations. The conversation also explores how Bitcoin can serve as collateral for real estate development, acting as a hedge against inflation, and the potential of Bitcoin-backed loans.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:08 - How rising inflatio
TIP658: Peter Lynch’s Guide to Investing in Your Expertise w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the importance of simplicity and understanding for investment success, why you can succeed in investing while being wrong often, cloning characteristics too many investors follow that should be avoided to improve investing success, the significant differences in analyzing large and small businesses, how to treat stock tips with caution to avoid risky investments, why separating your investments into subtypes can be a helpful investing tool, and
TIP657: Morgan Housel's Lessons to Build Wealth w/ Clay Finck
On today’s episode, Clay shares the most important lessons he’s learned from Morgan Housel.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 - Intro01:24 - Why the best story wins.09:35 - Why the biggest risk is the
BTC198: Institutions Adopting Bitcoin w/ Max Kei and Pascal Hugli (Bitcoin Podcast)
In this episode, Preston interviews Max Kei and Pascal Hugli, diving deep into how Bitcoin's unique characteristics position it as the ultimate collateral for institutional lending. The discussion covers key topics such as risk management, the role of stablecoins, peer-to-peer lending versus traditional finance, and the future of Bitcoin in institutional portfolios. Max and Pascal share their perspectives on the barriers to institutional adoption, the evolving regulatory environment, an
RWH049: Crushing The Market Over 50 Years w/ Jay Bowen
In this episode, William Green chats with Harold J. (“Jay”) Bowen III, President & CIO of Bowen, Hanes & Company. Jay & his late father generated dazzling returns for their biggest client, the Tampa Firefighters’ & Police Officers’ Pension Fund. The fund’s stock portfolio has achieved an annualized return of 14.4% over 50 years & a cumulative return of more than 81,000%. Here, Jay explains how they pulled this off, sharing one of the great untold stories of the inves
TIP656: Mastering Stock Selection with an Investment Checklist w/ Clay Finck
On today’s episode, Clay offers a detailed guide on creating an investment checklist to help you avoid picking losing stocks. An investment checklist, paired with thorough fundamental analysis, is crucial for making informed and intelligent decisions in the investing world. Great investment opportunities are rare, and a well-crafted checklist is key to distinguishing exceptional companies from mediocre ones.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:44 - Why fundamental research is es
BTC197: What are Bitcoin Fedimints w/ Obi Nwosu and Renata Rodrigues (Bitcoin Podcast)
In this episode, we dive into the challenges of Bitcoin payments and scaling, and how Fedi is addressing these issues. Obi Nwosu explains the concept of Fediments and guardians, while Renata Rodrigues shares her on-the-ground experiences in Africa, discussing the real-world impact of Fedi on communities. We also explore the tools within the Fedi app that empower users to earn sats and the potential of Fedi to unlock talent trapped by financial repression. Additionally, Obi and Renata di
TIP655: Hustle, Trust, and Cash Flow: Nike’s Genesis w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses a wonderfully well-written autobiography, “Shoe Dog” by Phil Knight, the founder of Nike. He discusses the importance of identifying and pursuing true happiness while ensuring a stable income as a fallback, the value of hustle, the importance of trust with your suppliers, why focus is so vital to business success, the hidden downsides of issuing equity, the importance of maintaining cash reserves, the complexities of growing a business, and a wh
TIP654: Investing Across the Life Cycle w/ Aswath Damodaran
On today’s episode, Clay Finck is joined by Aswath Damodaran to discuss his new book, The Corporate Life Cycle. Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks. He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry.IN THIS EPISODE YOU’LL LEARN:0
BTC196: Bitcoin-powered Banking at Fold w/ Will Reeves (Bitcoin Podcast)
In this episode, we explore Will Reeves' Bitcoin journey and how it led to the creation of Fold, a company that has evolved from offering Bitcoin rewards through gift card purchases to becoming a comprehensive financial services app. We also discuss Fold’s recent decision to go public, the company's long-term vision as a Bitcoin-powered bank, and the expansion of its services, including credit, lending, and insurance. Additionally, Will shares insights into Fold's treasury management, p
TIP653: Track Record and Risk w/ Guy Spier
In this episode, Stig Brodersen talks with Guy Spier about how he has achieved his impressive track record and whether you can adjust a track record for luck. Since 1997, Guy Spier’s fund has performed 9.3% vs. 8.7% annually for the S&P500. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:05 - What we can learn from royal families about moats in business. 26:43 - How Guy Spier’s track record would look if we adjusted to luck.40:20 - If Guy would ever stop managing money.49:49 - How to t
TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve
On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q3 2024. This quarter, they discuss Old Dominion Freight Line.Over the past 20 years, Old Dominion has been one of the best performing stocks in the market. This seemingly boring best-in-class trucking company outperformed well-known companies like Amazon, Costco, and Microsoft. Tune into today’s episode to hear Clay and Kyle’s thoughts on Old Dominion’s business and what the prospective returns migh
BTC195: Making THE Bitcoin Movie w/ Kelly and Brian Estes (Bitcoin Podcast)
In this episode, we sit down with Brian and Kelly Estes to discuss their newly released documentary, "God Bless Bitcoin." The conversation covers the overwhelming positive response to the film, the inspiration behind its creation, and how it addresses the intersection of faith and finance. We also explore the challenges they faced during production, the impact they hope the film will have, and their future projects. Whether you're a seasoned Bitcoiner or new to the space, this episode o
TIP651: Value Investing in a Growth-Obsessed Market w/ Scott Barbee
On today’s episode, Kyle Grieve chats with Scott Barbee about how he managed to maintain a deep value-based strategy while it’s gone out of fashion, the three buckets of risk Scott uses to assess businesses, what a genetic contrarian is and why it can be a powerful advantage, why fossil fuels aren’t going anywhere anytime soon and why opportunities exist in that industry, how he navigated a 72% drawdown during the GFC, and a whole lot more!Scott is the founder of the Aegis Value Fund. W
TIP650: Stock Market Bubbles, AI, & Climate Change w/ Jeremy Grantham
On today’s episode, Clay Finck is joined by investing legend and bubble historian, Jeremy Grantham. Jeremy gives his updated views on the recent stock market run up, how today’s market compares to market bubbles of the past, and indicators that point to the potential bear market that lies ahead.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:49 - Lessons Jeremy learned from his early career investing in the 1960s.06:13 - How today’s market compares to previous superbubbles in the 1920s, 19
BTC194: Tether's Backing and Pear w/ Paolo Ardoino and Mathias Buus (Bitcoin Podcast)
In this episode, we start by delving into Tether's Q2 2024 attestation, highlighting their remarkable financial achievements and commitment to creating a stable and resilient stablecoin. Following this, we dive into the Pear initiative's zero-cost, peer-to-peer infrastructure, discuss Keet's open-source capabilities, and examine the impact of eliminating server dependency with insights from Paolo Ardoino and Mathias Buus.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:07 - Tether's Q2 2024
RWH048: Betting Billions On Outlier Talent w/ Adam Shapiro
In this episode, William Green chats with Adam Shapiro, Managing Partner at East Rock Capital. Adam oversees billions on behalf of eight vastly rich families, allocating their assets to everything from hedge funds to private equity. Here, he explains how to build & safeguard wealth over the long term; how he identifies the best fund managers; why he’s wary of index funds & ETFs; & how to thrive by building a powerful network & removing excess “filler” from your portfolio
TIP649: Owning Stocks for the Long Run w/ Pierre-Olivier Langevin
On today’s episode, Clay Finck is joined by Pierre-Olivier Langevin to discuss the investment approach at Medici and several of their portfolio holdings. Medici boasts an exceptional investment track record, achieving 16.0% annualized returns since 2009 compared to 11.3% for their benchmark.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:35 - What led Pierre to join Medici just two years after they started.06:08 - Medici’s formula for outperforming the market.12:30 - How Pierre identifies
BTC193: The Financialization of Bitcoin Blockspace w/ Bob Burnett (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, we interview Bob Burnett, a Bitcoin mining and technology expert. Bob explains why the value of a block is largely misunderstood and how the future of mining may differ from common assumptions. We discuss the forward marketplace for blockspace, the economic implications of its scarcity, and the evolving role of miners. Bob also shares insights into the strategic importance of securing blockspace for major corporations and the potentia
TIP648: Essential Skills for Successful Investing w/ Ian Cassel
On today’s episode, Kyle Grieve chats with Ian Cassel about the art of success in the private investing world, key investing skills to help manage stress, simple methods for finding new investing ideas, consolidating your stock buying framework, the challenges that must be overcome to hold a stock successfully, when they sell a stock, how to develop perseverance like a legendary investor, and a whole lot more!Ian had a long history as a full-time private investor of microcaps. He then t
TIP647: Value Investing Masterclass w/ Soo Chuen Tan
On today’s episode, Clay is joined by Soo Chuen Tan who is the founder and president of Discerene Group to discuss global & contrarian value investing.Soo Chuen started his firm in 2010 with less than $100 million in AUM and has grown it to over $2 billion. Utilizing their strict value investing approach, Discerene has had an impressive investment track record since its founding in June 2010.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:30 - What led Soo Chuen to start Discerene Grou
BTC192 - Silicon Valley Mafia Holding the Elite’s Bitcoin w/ Mark Goodwin (Bitcoin Podcast)
In this episode, Mark Goodwin, author of "The Chain of Custody: The Mafia Holding the Elite’s Bitcoin," explores the article's central themes, the concept of 'covert dollarization,' and Bitcoin's impact on venture capital and US intelligence. We also cover privacy and security concerns, and the future of Bitcoin in emerging markets.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:07 - The central message of "The Chain of Custody: The Mafia Holding the Elite’s Bitcoin."02:49 - Insights from
TIP646: How To Understand A Business Like A Pro w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses a book that is near and dear to Warren Buffett’s heart, Common Stocks and Uncommon Profits by Philip Fisher. He’ll discuss why the book was so influential on Warren’s transition towards quality businesses, why going deep into a business is vital to successful long-term investing, specific ways to learn more about a business, it’s management, and its products, how to create your own business grapevine to monitor your investments, details on how P
TIP645: The King of Luxury: Bernard Arnault & LVMH w/ Christian Billinger
On today’s episode, Clay is joined by Christian Billinger to discuss Bernard Arnault, LVMH, and the broader luxury industry. Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:08 - What makes B
BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, we interview Ryan MacLeod, a Chemical Technologist from Canada. Ryan provides a brief history of nuclear energy, discusses recent technological advancements, and explains why nuclear energy is crucial for the future. We delve into the economic model of nuclear energy, the interplay between nuclear energy and Bitcoin, and how Bitcoin mining can serve as an immediate buyer of nuclear energy. Ryan also shares insights into energy market
TIP644: Richer, Wiser, Happier Q3, 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 building meaningful relationships and serving others, they discuss what has made them Richer, Wiser, or Happier in the past quarter.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:24 - How to deal with your ego05:52 - Stig and William’s journey to serve others27:58 - Why Stig has invested with Mohnish Pabrai34:13 - Why one should not judge others for flawed value
TIP643: The Luxury Strategy w/ Christian Billinger
On today’s episode, Clay is joined by Christian Billinger to discuss The Luxury Strategy by Kapferer and Bastien. Over the past 20 years, some of the best performing companies in the stock market have come from the luxury sector. For example Hermes and LVMH, which are both companies based out of France, have compounded at 21% and 16% respectively.Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term
BTC190: MMA Legend Kenny Florian on PoW and Bitcoin (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, we interview the versatile Kenny Florian, a former UFC fighter known for his impressive career across multiple weight classes. We explore Kenny's journey in MMA, highlighting his work ethic, resilience, and the concept of "proof of work." Kenny shares personal stories, including his near-death experience in Brazil and his background in Brazilian Jiu-Jitsu and Muay Thai. We also discuss how his discipline and hard work led him to disco
RWH047: Investing In The Era of Climate Change w/ Bruce Usher
In this episode, William Green chats with Bruce Usher, author of a book titled “Investing in the Era of Climate Change.” Bruce, a successful entrepreneur, investor, & Columbia Business School professor, discusses the “once-in-a-lifetime” investment opportunity created by the transition of the global economy to a low-carbon future. He explains how to protect yourself financially as environmental risks intensify, & how to profit as trillions of dollars flow into innovative climate
TIP642: The Story of Starbucks: Building an Iconic Brand w/ Clay Finck
On today’s episode, Clay discusses the early days of Starbucks and Howard Schultz’s book — Pour Your Heart Into It. Starbucks has been one of the market's best-performing stocks over the past three decades. Since the IPO in 1992, Starbucks stock has had an average annual return of 18.6% relative to the S&P 500 returning 10.4% over that same period (with dividends reinvested). Clay unveils the fascinating story of how Howard fended off endless competition to build an iconic brand tha
BTC189: Prince Philip of Serbia on Bitcoin (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, Prince Philip of Serbia joins us to discuss his advocacy for Bitcoin and its potential to offer financial sovereignty. We delve into his journey from a background in finance to becoming a passionate Bitcoin proponent. Prince Philip shares his thoughts on the synergies between Bitcoin and monarchy, the environmental impact of traditional banking systems, and the challenges and opportunities for Bitcoin adoption in Serbia. We also explo
TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve
On today’s episode, Kyle Grieve and Clay Finck continue their conversation on Investing: The Last Liberal Art by Robert Hagstrom. We discuss details on why using the right explanation for a business is so important to a good investment thesis, simple ways to improve your reading to get more out of the books and content that you consume, how to use simple mathematical concepts to improve your decision making in real-time, how to understand better System I and System II thinking and how i
TIP640: Investing: The Last Liberal Art w/ Clay Finck & Kyle Grieve
On today’s episode, Clay and Kyle dive into Robert Hagstrom’s book — Investing: The Last Liberal Art. Charlie Munger is famous for popularizing the use of mental models and pulling key ideas from related fields and implementing them to the world of investing. In today’s episode, that’s exactly what we do, starting with the fields of physics, biology, sociology, and psychology.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:27 - How learning new mental models can help us be better investors
BTC188: Claude Shannon and Information Theory with Jimmy Soni (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, Jimmy Soni, author of "A Mind at Play" and "The Founders," joins us to discuss the life and work of Claude Shannon. We explore Shannon's groundbreaking contributions to information theory, including the concept of entropy and its importance in data transmission. Jimmy explains how Shannon's work laid the foundation for many of the technologies we take for granted today, including Bitcoin and blockchain technology. We also touch on sto
RWH046: A New Golden Age w/ Bob Robotti
In this episode, William Green chats with Bob Robotti, a great investor who’s crushed the S&P 500 over the last 40 years. Bob, the President & Chief Investment Officer of Robotti & Co, explains why he believes we’re in a “new golden age” for active, value-oriented investors (not index funds); why he expects persistently high inflation; why he’s betting heavily on the resurgence of Old Economy businesses; & how he’s positioned to profit from “the first truly global energy
TIP639: Buffett's Favorite Business Book w/ David Fagan
On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure. Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 through 1997. David Fagan serves as the managing partner at MBF Chartered Professional Accountants, a firm dedicated to supporting small and medium-sized owner-managed businesses across Canada. David was an earl
BTC187: Home Heating and Bitcoin Mining w/ Alex Busarov (Bitcoin Podcast)
Join us as Alex Busarov, founder of Heatbit, discusses combining Bitcoin mining with home heating and air purification. Learn about the challenges, the innovative "heating-by-computing" principle, and the future of decentralized mining.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:21 - The journey of creating the world's first Bitcoin-mining heater.02:00 - The challenges faced in developing Heatbit One and Heatbit Trio.05:03 - How the "heating-by-computing" principle works.08:58 -The env
TIP638: Gold w/ Lyn Alden
In this episode, Stig Brodersen talks with investment expert Lyn Alden about why gold has recently hit an all-time high. They discuss the optimal market conditions for gold investments and gold in portfolio management. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:20 - Why the gold price is at an all-time high02:41 - Who are the buyers of gold, and what is the role of central banks15:27 - Why emerging economies have more gold on their balance sheet than developed economies18:53 - Whether
TIP637: Jeff Bezos's Shareholder Letters w/ Clay Finck
On today’s episode, Clay reviews Jeff Bezos’ shareholder letters and shares his biggest takeaways.Jeff Bezos is an exceptional capital allocator who has delivered unprecedented returns to shareholders. Since Amazon’s IPO, the stock is up 152,400%.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:58 - How Jeff Bezos thought about building Amazon.com in the early days.04:51 - Why Bezos believed that focusing on the customer is in the best interest of shareholders.15:55 - Why Amazon’s business
BTC186: Fiat Food & Bitcoin w/ Matthew Lysiak (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, investigative journalist Matthew Lysiak discusses his latest book on fiat food policies, influential figures like Ancel Keys, corporate interests, and the impact of inflation on health.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:22 - The history and impact of fiat food policies.10:11 - The role of influential figures like Ancel Keys and John Harvey Kellogg.25:11 - Insights into nutrient density and its importance.26:21 - How to accur
TIP636: Billionaire Investing Legend Li Lu w/ Clay Finck
On today’s episode, Clay dives into the investment approach of billionaire value investor Li Lu.Li Lu is the Founder and Chairman of Himalaya Capital, a value investing firm where he has been managing its principal fund since 1997. Before his passing in 2023, Charlie Munger was an investor in the fund.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:27 - The back story of Li Lu’s early life.06:46 - Li Lu’s investment philosophy.08:28 - The four key investment principles he adheres to.29:36
BTC185: AI Compute with Bitcoin Mining w/ Andrew Edstrom and Jesse Myers (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, Andy Edstrom and Jesse Myers discuss the recent shift in political attitudes towards Bitcoin, highlighting how being “anti-Bitcoin” has become an election-losing stance. They explore the merging of AI training and Bitcoin mining facilities, examining the potential synergies and future implications for the Bitcoin ecosystem. Join us for an insightful discussion on these pivotal developments.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro12:
TIP635: Deep Diving Into The Warren Buffett Way w/ Robert Hagstrom
Kyle Grieve chats with Robert Hagstrom about reflections from Warren Buffett’s early investing mistakes, why GEICO’s insurance float has been setup so perfectly for use by Warren Buffett, why low turnover portfolio’s outperform other options, why looking at stocks as abstractions is such a powerful mental model, how Warren Buffett has made thinking long-term into his own competitive advantage, a detailed history on modern portfolio theory, and why it’s so pervasive today, why investors
TIP634: Value Investing Fundamentals w/ John Huber
On today’s episode, Clay is joined by John Huber to discuss value investing fundamentals and the current market conditions.John Huber is the Managing Partner of Saber Capital Management, LLC. Saber manages separate accounts as well as a partnership modeled after the original Buffett Partnership fee structure.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:44 - What John would include in his own personal MBA program07:50 - What base hit investing is.09:01 - The three sources of returns for
BTC184: Q2 Macro w/ Luke Gromen (Bitcoin Podcast)
In this episode of the Bitcoin Fundamentals Podcast, Luke Gromen discusses the macroeconomic outlook for the upcoming year. We cover the Fed/Treasury cap on USD, UST yields, potential changes in housing inflation metrics, and the significant backlog in transmission interconnections. Additionally, Luke explores the implications of a $1.8 trillion housing stimulus, key commodities like copper and uranium, the Japan treasury market, and how these factors could impact Bitcoin.IN THIS EPISOD
RWH045: Real Success w/ Christopher Tsai
In this episode, William Green chats with Christopher Tsai, President & Chief Investment Officer of Tsai Capital. Christopher, who’s beaten the S&P 500 over the last 24 years, explains why Tesla is his biggest position; why investors routinely underestimate the impact of disruptive technologies; why it was so challenging to be the son of America’s first celebrity fund manager; what 3 habits help him most; & what he learned from his famed mentors, Peter Kaufman & Charlie
TIP633 : What I Learned from Chris Mayer w/ Clay Finck
On today’s episode, Clay shares the most important lessons he’s learned from Chris Mayer.Chris Mayer is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:02 - The potential dangers of cloning.09:40 - What Clay learned from reading 100 Baggers by Chris Mayer.26:39 - Common characteristics of 100 Baggers.32:03 - Lessons from Chris’s lesser-known book — How Do You Know?49:39 - Chris’s secret to
BTC183: Bitcoin Investing Opportunities in Africa w/ Abubakar Nur Khalil
Join us on this episode of Bitcoin Fundamentals as we talk with Abubakar Nur Khalil, a distinguished Bitcoin Core Contributor and founder of Recursive Capital. We explore Bitcoin's progress across Africa, discussing regulation, P2P dynamics, and significant developments in Nigeria. We also cover Abubakar's role at Btrust alongside Jack Dorsey and Jay Z, Recursive Capital's mission, and future Bitcoin advancements.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:46 - The current state of Bit
TIP632: Mastermind Q2, 2024 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he has put Burberry on this watchlist. Hari’s pick, ICICI Bank Limited, is a solid bet on the rise of India, and Tobias pitches Playtika, a value stock trading at an appealing valuation. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:57 - What are the current economic conditions? 13:37 - Are we entering a world with less disruption?
TIP631: The Bullish Energy Cycle w/ Arvind Sanger
On today’s episode, Clay is joined by Arvind Sanger to discuss investment opportunities in the energy, metals, and mining space.Arvind Sanger is the founder and managing partner of Geosphere Capital Management, a global long-short equity hedge fund focused on natural resources and industrial companies worldwide. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:21 - How the energy space has developed over the past 30 years.05:35 - Why energy is inherently cyclical.11:21 - Arvind’s view on a
BTC182: Bitcoin Mastermind 2Q 2024 (Bitcoin Podcast)
Join us for an insightful discussion with Joe Carlasare, American HODL, and Jeff Ross as we delve into the latest in the Bitcoin world. We start with why the ETH ETF isn’t happening anytime soon, Roger Ver's $50M tax dilemma, and analyze the current market setup heading into summer. We also explore the implications of Bitcoin's recent halving, Japan's FX intervention, and the White House's veto threat on SAB121. Don't miss this comprehensive update on key Bitcoin events and trends.IN TH
TIP630: The Wealthy Gardener w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the book The Wealthy Gardener. He covers a variety of wealth topics like how to optimize your time to generate wealth, why it’s so important to avoid wage slavery, why you should embrace challenges to live a more fulfilling life, why we must make sacrifices in life whether we pursue wealth or not, why patience is vital to the wealth building process, practical lessons on setting financial goals, why you must avoid the dangers of debt, and much,
TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024 w/ Clay Finck and Kyle Grieve
On today’s episode, Clay and Kyle give a recap of the 2024 Berkshire Hathaway shareholder meeting and share their favorite clips from the Q&A session with Warren Buffett. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:14 - What Clay and Kyle did during the Berkshire weekend in Omaha.12:57 - Clay and Kyle’s takeaways from the tribute to Charlie Munger at the Berkshire event.21:43 - What Buffett would do with Munger if he had one more day with him.38:29 - How Berkshire’s managers commun
BTC181: The US's Economic Hitman w/ John Perkins
John Perkins delves into his past as an economic hitman, explaining the mechanisms and impacts of his actions on global economies. He critiques the fiat system and its role in geopolitical strategies and debt creation. Perkins also explores the potential of Bitcoin and decentralized technologies to challenge established economic controls.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:37 - The role and responsibilities of an economic hitman.23:01 - How the fiat monetary system facilitates
TIP628: The Inner Scorecard w/ Mohnish Pabrai
On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $12.51 vs. $4.72 for the S&P500. In the interview, Mohnish Pabrai discusses his approach to a congruent life. Disclaimer: Stig Brodersen is invested in Pabrai Funds. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:14 - Which decisions Mohnish Pabrai made to improve his happiness.15:06 - How to use the Buffett syste
TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve
On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q2 2024. This quarter, they discuss Lululemon.Lululemon is well-known in the world of quality investors, and the share price has recently declined by over 30%. Tune into today’s episode to hear Clay and Kyle’s thoughts on Lululemon’s business and what the prospective returns might look like going forward.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro09:09 - The competitive advantages of Lululemon.21:53 -
BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast)
Dive deep into Bitcoin's evolution with expert Max Hillebrand. We unravel Mises' action axiom, Hoppe's private property origins, and Rothbard's economic theories. Discover Wasabi Wallet's role in privacy, the potential of Ocean mining, and strategies for Bitcoiners to enhance anonymity. Max also shares his take on Bitcoin's path to ossification and how institutions can shield assets against regulatory overreach.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:54 - The principles of Ludwig v
RWH044: How To Beat The Market w/ Bryan Lawrence
In this episode, William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs an investment firm called Oakcliff Capital. Bryan almost never gives interviews, so this is a rare opportunity to hear him speak in depth about the advantages of a concentrated value strategy, how he finds new investments, what 6 questions he asks when analyzing any stock, what he’s learned from Buffett & Munger, & how to build a happy life.IN THIS EPISODE YOU’LL LEARN:00:00
TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon
On today’s episode, Clay is joined by François Rochon to discuss how he’s managed to vastly outperform the market over the past 30 years. Since he started the Rochon Global Portfolio in 1993, his annual returns net of fees have been 13.6%, versus 9.2% for the benchmark.François’s investment approach is firmly rooted in three principles — patience, humility, and rationality — which are discussed in depth during this conversation.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:17 - What led
BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast)
Join us as Peter McCormack shares insights on blending Bitcoin with football business. We delve into his club's dual promotions, strategic investor impacts from the Winklevoss twins, and the broader influence on Bedford, including a new Universal Studios park. Learn how Bitcoin plays a role in these developments and discover actionable strategies for integrating innovative concepts into local enterprises.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:20 - The strategic role of Bitcoin in
TIP625: Berkshire Hathaway w/ Chris Bloomstran
Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:37 - The impact of holding cash on your portfolio returns. 24:07 - How to understand the five different components that make up s
TIP624: Studying Financial History w/ Clay Finck
On today’s episode, Clay discusses various financial crises from the past as discussed in the book This Time is Different by Carmen Reinhart and Kenneth Rogoff.As the saying goes, from a historical perspective, there is nothing new except what is forgotten. Today’s episode will help shed light on where our world might be heading in light of studying history.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:48 - The primary types of financial crises.08:13 - When the debt levels of a country r
BTC178: Auditing Elections with Bitcoin w/ Carlos Toriello (Bitcoin Podcast)
In our latest episode, we dive deep with Carlos Toriello into how Bitcoin’s OP_Return is pioneering election audits. We discuss transforming election skepticism into Bitcoin advocacy, highlighting Digital Witness's groundbreaking audit of Guatemala’s 2023 elections. Learn about Simple Proof, the OpenTimeStamps Protocol, and how these tools offer tamper-evident, verifiable documents, fostering trust and transparency. Join us in envisioning a future where digital integrity reshapes democr
TIP623: The Art Of Decision Making w/ Annie Duke
Kyle Grieve chats with Annie Duke about her own story of quitting and how it helped sparked the idea for one of her books, the importance of base rates in helping us make better decisions, how to improve our investing processes when we have long feedback loops, the importance of using kill criteria to quit an investment or hypothesis, how to use a quitting coach to help you quit things we hold onto for too long, the importance of dissociating ourselves from our most cherished ideas, and
TIP622: Finding Certainty in an Uncertain World w/ Joseph Shaposhnik
On today’s episode, Clay sits down with Joseph Shaposhnik to discuss his high quality investing approach. Since its inception in 2015, the TCW New America Premier Equities fund has compounded at 15.8% per year versus the benchmark of 12.0%.Joseph is the Portfolio Manager of TCW New America Premier Equities, Global Premier Sustainable Equities, and Global Space Technology Equities portfolios. According to Nasdaq eVestment, the TCW New America fund has outperformed 99% of its peers.IN THI
BTC177: The Future of Bitcoin Borrowing and Lending w/ Max Kei (Bitcoin Podcast)
In this episode, Max Kei from Hodl Hodl and Debifi, explores the future of Bitcoin lending and borrowing. From industry insights to Debifi's innovative approach, discover the benefits of Bitcoin collateral, multisig security, and fiat loan expansion. Gain valuable perspectives on navigating risks and seizing opportunities in decentralized finance.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:48 - Insights into the evolution of Bitcoin borrowing and lending platforms.01:48 - Understanding
TIP621: Warren Buffett’s Wisdom: The Power Of Corporate Governance with Lawrence Cunningham
Kyle Grieve chats with Lawrence Cunningham about Lawrence’s fascination with Warren Buffett and Berkshire Hathaway, why corporate governance is so crucial for shareholders to understand, the power of transparency, accountability, and ethical decision-making, how Warren Buffett created his shareholder letters to create a competitive advantage, a list of some incredible businesses to research to understand best top-notch corporate governance, the makeup of a successful incentive program a
TIP620: The Intelligent Investor by Benjamin Graham
On today’s episode, Clay shares his lessons from reading The Intelligent Investor by Benjamin Graham.Benjamin Graham was a renowned value investor, lecturer, financial securities researcher, and mentor to billionaire investor Warren Buffett. Graham is widely regarded as the father of value investing.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:11 - Who Benjamin Graham was.06:16 - How the intelligent investor seeks to capitalize on market fluctuations.16:17 - The Intelligent Investor’s b
BTC176: Bitcoin and Traditional Finance in 2024 w/ Jim Crider (Bitcoin Podcast)
Jim Crider explores Bitcoin's impact on culture, future financial strategies, and the essence of money, highlighting its role in investment vs. speculative cycles, and ETF strategies. He also addresses financial planning with Bitcoin for different life stages, emphasizing the importance of understanding money beyond its face value.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:29 - The key aspects of Bitcoin that most people overlook and why they're crucial for understanding its value.12:
TIP619: The Cable Cowboy: John Malone w/ Kyle Grieve
In today’s episode, Kyle Grieve discusses the book Cable Cowboy: John Malone and the Rise of the Modern Cable Business. He covers why and how John Malone was such a prodigious creator of value, how he aligned himself with shareholders, how he helped build his monopoly-like business, TCI, how he dealt with competitors and regulators, why he trained Wall Street to see value differently, why Malone despised paying taxes, how Malone engineered deals to enrich himself and shareholder simulta
TIP618: Stig's Portfolio Performance since 2014 w/ Stig Brodersen & Clay Finck
On today’s episode, Clay and Stig discuss the performance of Stig’s portfolio over the past 10 years and what he has learned from managing his portfolio over that time.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:02 - How Stig’s portfolio has performed over the past 10 years.06:29 - Why Stig invested with Mohnish Pabrai.28:32 - How private investments fit into Stig’s portfolio.33:53 - Stig’s biggest investment mistakes.40:17 - Why investing in Alibaba was a mistake.46:21 - Stig’s bigges
BTC175: MicroStrategy Deep Dive w/ Jeff Walton (Bitcoin Podcast)
Today's Bitcoin Fundamentals features Jeff Walton discussing MicroStrategy's finance strategies, including valuation and leveraging Bitcoin. We examine price actions, trading methods, and the impact of traditional finance on BTC futures, offering insights into the intersection of enterprise software and financial engineering.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:41 - The role of MicroStrategy in modern financial strategies.07:41 - Game theory principles applied to market structur
TIP617: Improve Your Investing Operating System w/ Vitaliy Katsenelson
Kyle Grieve chats with Vitaliy Katsenelson about why we should align ourselves with what we love doing, how stoicism has helped Vitaliy deal with the volatility of negative emotions in the market and life, Vitaliy’s four favorite stoic tools, how to engineer our environments to improve our decision making and decrease costly mistakes, how we can utilize specific modes of communication to foster the learning process, why we should concern ourselves more with the truth and less on being r
TIP616: The Godfather of Influence w/ Dr. Robert Cialdini
On today’s episode, Clay is joined by Dr. Robert Cialdini to discuss Charlie Munger’s favorite book – Influence: The Psychology of Persuasion.Dr. Cialdini is a New York Times Best Selling Author of Influence and Pre-Suasion.He is also CEO and President of Influence at Work where they focus on ethical training, corporate keynote program, and the Cialdini Method Certified Trainer program. He received his PhD from the University of North Carolina and post-doctoral from Columbia University.
BTC174: Is Bitcoin Property, Currency, or Both? w/ Parker Lewis & Will Cole (Bitcoin Podcast)
Join us as Parker Lewis & Will Cole delve into Bitcoin's role as property or currency, discuss Bill Ackman's views and Saylor's latest buy. We explore Bitcoin payments, the impact of high rates, and the future of digital authentication. This episode is packed with insights on the evolving cryptocurrency landscape and its broader economic implications. Tune in for a deep dive into the forefront of digital assets.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro11:03 - Bill Ackman's predicti
RWH043: Survive & Thrive w/ Guy Spier: Part 2
In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 2, Guy shares insights on how to succeed over the long run by avoiding dumb investment behavior, building the right relationships, and recognizing our weaknesses. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of
RWH042: Survive & Thrive w/ Guy Spier: Part 1
In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 1, Guy discusses the art of compounding wealth over decades, drawing on lessons he’s learned from Warren Buffett, downhill ski racers, & his own mistakes. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Va
TIP615: Current Market Conditions w/ Richard Duncan
On today’s episode, Clay is joined by Richard Duncan to discuss current market conditions, whether we’ll see a recession in 2024, the potential for interest rate cuts, and more.Richard Duncan is the author of The Money Revolution: How To Finance The Next American Century.Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the Wo
BTC173: Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard (Bitcoin Podcast)
In this episode, Bitcoin OG Pierre Rochard unpacks the Energy Information Survey's halt, its implications, and the mining community's legal victory. We delve into Pierre's thoughts on Senator Warren's initiative, the collective response, and future steps. The discussion also covers Texas' support, the impact of the upcoming halving event, and Pierre's insights on the Bitcoin 'speculative attack'.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:15 - The background and implications of the DOE
TIP614: Investing Guardrails: Avoiding Common Mistakes w/ Kyle Grieve and Clay Finck
Kyle Grieve and co-host Clay Finck dive deep into how human psychology impacts your investment decisions, why even the best investors fall victim to their own biases, strategies to mitigate common mistakes, how to deal with market timing, leverage, and speculation, why you should focus your time on improving patience, simplifying things, and understanding value, how you can recognize the biases of the market by understanding market cycles, why you should prioritize temperament over inte
TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve
On today’s episode, Clay Finck and Kyle Grieve share why they are so passionate about investing in stocks and why they utilize the stock market to help them achieve financial independence.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:41 - How real-life examples of compounding have influenced Clay & Kyle11:33 - How the stock market has compounded in the US since the 1950s.20:50 - Why Clay and Kyle set the financial goal of becoming financially independent.28:42 - Why Kyle chose to uti
BTC172: Macro Outlook Q1 2024 w/ Luke Gromen (Bitcoin Podcast)
In this episode, Luke Gromen navigates through Berkshire's $167.6B cash, his 2023 market optimism, US liquidity measures, and escalating real estate loan concerns. He discusses inflation's return, unemployment trends, interest rates, and Bitcoin's impact on energy. The dialogue also touches on the Fed's control illusion, CEO stock sales, Bitcoin's fiscal role, auction failures, QE's return, and treasury yield trends, providing a rich macroeconomic overview amidst evolving market dynamic
TIP612: Investing In Fear: Profiting From Maximum Pessimism w/ Lauren Templeton
Kyle talks to Lauren Templeton about the many investing and life lessons she learned from investing legend Sir John Templeton, how she sets up her daily life to stay disciplined and avoid biases, how to utilize the scientific method for investing purposes, how we can use lessons from history to improve our decision making today, the importance of utilizing multiple evaluation tools to find great investments, sectors that are facing maximal pessimism today that might be the winners of to
TIP611: The Bear Case for China w/ Kyle Bass
On today’s episode, Clay chats with Kyle Bass, the founder and principal of Hayman Capital Management. Hayman’s first major success came from effectively shorting the housing market in 2008, and Kyle was profiled in Michael Lewis’ book The Big Short. After seeing Chinese stocks drop 20% over the past year, I invited Kyle back onto the show because he has been sounding the alarm bells for years on a market correction in Chinese markets. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:01 - W
BTC171: Bitcoin Tech Update with Alex Leishman (Bitcoin Podcast)
Join us with Alex Leishman, River's CEO, for a dive into Bitcoin's ecosystem, discussing Argentina, Bitwise custody, Lightning Network's prospects, Ordinals, equity tokenization, BitVM, ETFs, custody improvements, AI, and institutional custody. We also touch on OTC markets' dynamics. A compact overview of the current and future Bitcoin landscape.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:09 - The evolving role of Bitcoin in Argentina's economy and how it's shaping local finance.10:05
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 - Intro06:25 - Why Hari is bullish on Disney (Ticker: DIS)12:09 - The bear case of Disney, including increasing competi
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 sur
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 - Intro02:11 - Bob Burnett's journey fr
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,
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 - Intro03
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 - Intro00:57 -
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 be
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 - W
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
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 indust
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 sha
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 - Intro08:23
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 - Intro01:26 - What we can learn from the greatest investors about being authentic 16:40 - How to stay true to yourself25:55 - How we change throughout the stages of our lives43:44 - If principles are truly timeless1:00:52 - What William
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:00:0
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
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 TH
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 - Intro08:15 - T
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 s
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 - Intro01:41 - How Hamilton uses his knowledge of strategic consulting to in
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 man
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:
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 - Intro04:55 - Why Daniel Goleman seeks sustainable excellence, not
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
We Study Billionaires by The Investor's Podcast Network (Trailer)
We Study Billionaires podcast, hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve, is the flagship podcast of The Investor’s Podcast Network, with more than 100 Million downloads.On the show, they interview and study famous financial billionaires including Warren Buffett, Charlie Munger, Howard Marks, and Bill Gates, and they teach you what they learn and how you can apply their investment strategies in the stock market.Leverage the lessons we learned fro
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, YO
TIP597: Darwin's Investing Lessons w/ Kyle Grieve
On today’s episode, Kyle shares the lessons he learned from reading What I Learned About Investing From Darwin by Pulak Prasad. The book is authored by Pulak Prasad, an investor out of India who helps run Nalanda Capital. From 2007 to 2022, they compounded their capital at 19% per annum turning 1 rupee into 13.8 rupees during that time sample!! But more important than their track record is the unique ways they run their fund.The book illuminates 3 key principles that Nalanda uses for it
TIP596: Building Wealth Through High-Quality Stocks w/ Stig Brodersen and Clay Finck
On today’s show, Stig Brodersen talks with co-host Clay Finck. They outline how and why you should invest in high-quality businesses.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:43 - How to identify the best businesses06:00 - Why you need to focus on barriers of entry when assessing a stock06:44 - Why competition is for losers18:28 - When management is important and not important in high-quality investing23:07 - How you want the management to be compensated24:41 - Why insider ownership
TIP595: Stock Market History & The AI Bubble w/ Jamie Catherwood
On today’s episode, Clay is joined by financial history expert, Jamie Catherwood, to discuss market forecasting, interest rates, and the efficiency of markets from a historical perspective.Jamie Catherwood is a Client Portfolio Specialist at O'Shaughnessy Asset Management and also the author of the popular blog, Investor Amnesia.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:35 - Why we shouldn’t try to make market forecasts.04:56 - Psychological biases that play into why investors are p
BTC162: The Free Speech Solution - Primal's Miljan Braticevic (Bitcoin Podcast)
In the podcast 'The Free Speech Solution' with Miljan Braticevic, we explore Nostr's role in free speech and its unique aspects. The discussion covers why Nostr is pivotal, its ecosystem, and Primal's user-focused approach, featuring an integrated wallet and open-source stack. Key topics include Zaps, reshaping content publishing, content moderation in open networks, Primal Wallet's innovations, and partnerships. Insights into Nostr's current technical challenges and entrepreneurial les
RWH038: The $2.6 Trillion Man w/ Rick Rieder
In this rare, in-depth interview, William Green chats with super investor Rick Rieder, who oversees about $2.6 trillion at BlackRock, the world’s largest asset manager. Rick, who probably manages more money than any other investor on Earth, has an enormous range of responsibilities: he’s BlackRock’s chief investment officer of Global Fixed Income, head of the firm’s Global Allocation Investment Team, and chairman of the firm-wide BlackRock investment council. A true titan of the investi
TIP594: Contrarian Investing & Sir John Templeton w/ Scott Phillips
On today’s episode, Clay is joined by Scott Phillips to discuss how to invest during times of max pessimism. Scott is married to and manages money with Lauren Templeton, who is Sir John Templeton’s great-niece. Sir John was one of the greatest international investors of the 20th century and the master of finding pockets of the market that were most distressed and offered the highest level of asymmetric returns.Scott Phillips is a Principal and Chief Investment Officer at Templeton and P
BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)
Preston Pysh sits down with Bitcoin Mechanic to discuss Ocean's disruptive mining pool model, emphasizing non-custodial payments and transparent block templates. They tackle the current mining centralization trend, the innovative PoW marketplace for 2024, and respond to the controversy around the alleged censorship of certain Bitcoin transactions.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro18:24 - The significance of transparent block templates in mining.18:24 - Details of Ocean's upcomi
TIP593: Elon Musk by Walter Isaacson
On today’s episode, Clay shares the lessons he learned from reading Elon Musk by Walter Isaacson. As our audience knows, Elon is, financially speaking, one of the world’s most successful individuals as Forbes has his net worth estimated at $248 billion, making him the richest individual on the planet.25 years ago, Elon was making his mark in Silicon Valley in the early days of PayPal, and today he is launching dozens of rockets into orbit, taking the lead in the world’s transition to el
BTC160: The Hidden Cost of Money w/ Seb Bunney
In a deep dive with Seb Bunney, author of "The Hidden Cost of Money," we explore the intricate impact of monetary systems on society. From historical interventions shaping finance to money's influence on mental health and politics, Bunney challenges mainstream views on capitalism and regulation, revealing how money shapes our world. Tune in for a thought-provoking journey through economic realities.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:34 - Uncover the societal consequences of m
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
In this special tribute, William Green celebrates the life & legacy of investing legend Charlie Munger. He shares personal anecdotes about his own interactions with Charlie & showcases an array of rich insights about Charlie from four famed investors: Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis. They share some of Charlie’s most valuable lessons about investing, business, & life while also conveying what made him such an inspiring & idiosyncratic chara
TIP592: Outperforming the Market since 1998 w/ Andrew Brenton
On today’s episode, Clay is joined by Andrew Brenton. Andrew Brenton is the CEO and a co-founder of Turtle Creek.Since it’s inception in 1998, Turtle Creek has acheived an average annual return of 20% versus just 7% for the market. $10,000 invested into their fund at inception would have grown to over $885,000 as of September 30, 2023, and had that money been invested in the market, it would have been worth just under $52,000.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:21 - How Andrew’
BTC159: Binance, GBTC, FinCEN and More w/ Joe Carlasare & HODL (Bitcoin Podcast)
Preston Pysh brings back legal expert, Joe Carlasare and Bitcoin OG, American HODL, to talk about all things Bitcoin. This episode encompasses a wide-ranging, candid conversation about all the events happening in the Bitcoin ecosystem.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:32 - What is happening with Binance and the DOJ?01:32 - Will the CEO of Binance potentially do any jail time?33:32 - What is happening with Genesis and DCG?33:32 - Did DCG defraud both retail and institutional
TIP591: Currencies and Debt w/ Lyn Alden
In this episode, Stig Brodersen talks with investment expert Lyn Alden about currencies, debt, inflation, and how to invest in an uncertain world.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:00 - Why the bull theses are always more thoughtful and plentiful, and how to account for that.18:47 - The relationships between debt, inflation, and wars.26:53 - How to best take advantage of debt in your portfolio.33:53 - How capital controls work.46:54 - How a debt restructuring works in practice
TIP590: Lifelong Learning w/ Jim Kwik
Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read.Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the w
TIP590: Lifelong Learning w/ Jim Kwik
Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read.Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the w
BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish (Bitcoin Podcast)
James Lavish joins Preston Pysh to help understand an interesting situation where we’re starting to see failed treasury auctions, enormous recessionary pressures building in the markets, along with a reverse repo facility that’s getting drained at a breakneck pace.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:08 - What is James currently seeing that's going to dominate the markets in 2024?21:03 - What happened with the recent treasury auction tail that caused a 3 SD move in price action
BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish (Bitcoin Podcast)
James Lavish joins Preston Pysh to help understand an interesting situation where we’re starting to see failed treasury auctions, enormous recessionary pressures building in the markets, along with a reverse repo facility that’s getting drained at a breakneck pace.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:08 - What is James currently seeing that's going to dominate the markets in 2024?21:03 - What happened with the recent treasury auction tail that caused a 3 SD move in price action
TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes
Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more.Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management
TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes
Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more.Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under manage
BTC157: Personal AI Models and Bitcoin w/ Jeff Booth (Bitcoin Podcast)
Preston Pysh and Jeff Booth have an in-depth discussion about AI, where it’s all going and how Bitcoin is going to play a major role with enough time. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:34 - Why is Jeff training an AI agent to personify himself?03:59 - How could such an agent potentially be used in the future?03:59 - What does this mean for overall productivity for people that have the means to train such an agent?06:57 - Is there concern people should have with providin
BTC157: Personal AI Models and Bitcoin w/ Jeff Booth (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why is Jeff training an AI agent to personify himself?
How could such an agent potentially be used in the future?
What does this mean for overall productivity for people that have the means to train such an agent?
What other things might happen as a result of this AI growth?
What is the difference between the way Jeff is training his AI versus the way Preston is training his?
What method will win in the long-haul for training AI agents?
Is there concern pe
TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu
On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit. Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio.06:56 - Th
TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu
On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit. Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio.06:56
BTC156: Bitcoin is Not A Hedge w/ Parker Lewis (Bitcoin Podcast)
Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation?12:10 - How are you helping people visualize that Bitcoin is a store of value?29:01 - What Bitcoin is
BTC156: Bitcoin is Not A Hedge w/ Parker Lewis (Bitcoin Podcast)
Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation?12:10 - How are you helping people visualize that Bitcoin is a store of value?29:01 - What Bitcoin is actu
RWH036: The Power Of Simplicity w/ Anthony Kingsley
In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:09 - What Anthony Kingsley learned from his great mentor, James Findlay.07:22 - Why
TIP587: Dino Polska: A Polish Compounder w/ Kyle Grieve & Clay Finck
On today’s episode, Clay is joined by Kyle Grieve to share a stock deep dive on Dino Polska. Dino Polska is an incredible business that has increased its store base by over 5x since 2015 and increased its earnings per share by over 10x since that time.Kyle Grieve is the host of The Millennial Investing Podcast and also helps Clay run the TIP Mastermind Community – a community built by investors, for investors.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:44 - The primary characteristics
BTC155: Dylan LeClair Bitcoin Market Overview (Bitcoin Podcast)
Preston Pysh chats with Bitcoin Magazine’s, Dylan LeClair all about the important Bitcoin news stories happening in the 4th Quarter of 2023.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:52 - How Dylan's AI adventure has progressed in 2023.06:19 - What is causing the big moves in Bitcoin right now?15:37 - What happens with the fixed income market from here?41:23 - His thoughts on the Bitcoin ETF.41:23 - What advice should Boomers take to understand Bitcoin?43:51 - Does Dylan think cash s
TIP586: Mastermind Q4, 2023 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put LVMH on his watchlist and is waiting to buy the dip. Hari’s pick, Dollar General, is down 50%, and super investors like Chris Bloonstran, Seth Klarman, and Tom Gayner have invested, and insiders have been buying too. Tobias pitches Inmode, a stock facing a lot of bad news as a result, could be trading at a very attractive price. Ensure you stay around for the end of the episode, w
TIP585: Concentrated Value Investing w/ Shree Viswanathan
Clay Finck is joined by Shree Viswanathan to discuss his concentrated, patient, and global approach to investing. They touch on many of the key aspects to successful long-term investing as well as one of Shree’s portfolio holdings, Dino Polska, which reminds him of Walmart in their early days.Shree Viswanathan is the founder and portfolio manager of SVN Capital.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:17 - The story of his father earning 40x on an investment despite never garnering
BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)
In the fourth quarter 2023 mastermind discussion with Preston Pysh, Joe Carlasare, Jeff Ross, and Steven McClurg, we cover a broad range of macro and Bitcoin topics.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:28 - The DTCC website listing various Bitcoin ETFs.01:28 - Will the Bitcoin ETF even bring new interest to Bitcoin?26:05 - What is happening in the treasury market right now?33:45 - The current bull market in Bitcoin - what's driving it?53:27 - What's the broader implications of
RWH035: Learning from Warren Buffett & Charlie Munger w/ Chris Davis
In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:09 - What Chris Davis has learned from Buffett & Mu
TIP584: Optimizing for the Long-Term w/ Sahil Bloom
Clay Finck is joined by Sahil Bloom. Sahil is the writer behind the spectacular newsletter, The Curiosity Chronicle, which has garnered 500,000 subscribers in just a few years. During this discussion, Sahil and Clay explore the philosophies and frameworks that Sahil has used to build a meaningful life that has impacted hundreds of thousands of people while also staying true to what is truly most important to him.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:57 - Sahil’s framework around
BTC153: Bitcoin's Taproot Asset Protocol w/ Ryan Gentry (Bitcoin Podcast)
Preston Pysh is joined by Lightning Lab’s very own Ryan Gentry to talk about some of the new and exciting software technology that’s going to change the way people interact with the Bitcoin Lightning Network.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro05:54 - What is the Taproot Asset Protocol (TAP)?12:05 - How can the TAP be used with Bitcoin?15:41 - What impact will sending Dollars over the Bitcoin Network have for people needing fiat stable coins?15:41 - What does the competition look
TIP583: Preparing for the Bear Market to Come w/ Gautam Baid
Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor. Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee struct
BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers (Bitcoin Podcast)
Preston Pysh talks with Jesse Myers about the FTX court findings, a few of Jesse’s recent articles on the debt spiral, the ability for institutions to perform multi-institutional Bitcoin custody, and much more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:11 - Jesse's thoughts on the FTX trial.03:50 - The impact of FTX selling Bitcoin into the last bull market.03:50 - Does the halving event matter?15:54 - Have we passed the event horizon for US debt?15:54 - What outsiders are missing ab
RWH034: The High Road To Riches w/ Peter Keefe
In this episode, William Green chats with Peter Keefe, an outstanding investor who’s trounced the market over three decades. Here, Peter discusses his timeless investing principles, what he looks for in a great business, how he evaluates the quality of management, why he loves Microsoft & Markel, why managing money is a high calling, & what investors can learn from apex predators.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:55 - How Peter Keefe taught himself to invest intellige
TIP582: Quality & Defensive Investing w/ Christian Billinger
Clay Finck is joined by Christian Billinger to discuss his quality investing philosophy.Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:39 - What quality investing is and why it works.04:20
BTC151: This is NOT Capitalism w/ Allen Farrington (Bitcoin Podcast)
During Preston Pysh's discussion with Allen Farrington, Allen provides critical thought experiments and challenges to many of the ideas that plague Wall Street and business schools.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro04:56 - What does the UFC have to do with economics and money?08:28 - The Efficient Market Hypothesis.19:18 - Is risk volatility?19:18 - The Capital Asset Pricing Model.31:10 - This is NOT capitalism.34:49 - The flaws in using GDP.44:21 - Thoughts on Bitcoin and deri
TIP581: Richer, Wiser, Happier Q3, 2023 w/ Stig Brodersen & William Green
On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on kindness, they discuss what has made them Richer, Wiser, or Happier in the past quarterIN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:27 - How not to let negative emotions run21:15 - How to stay humble in your search for your approach32:36 - How to set up a process for validating the truth 58:35 - How to play games you are equipped to win1:07:13 - How to underst
TIP580: Clear Thinking w/ Shane Parrish
Clay is joined by Shane Parrish to discuss his New York Times bestselling book Clear Thinking – Turning Ordinary Moments into Extraordinary Results. Many people fall prey to making decisions based on our instincts and our gut feelings. Shane’s book gives you the tools to recognize those moments that reshape how you navigate the critical space between stimulus and response.Shane Parrish is the founder of the highly-esteemed blog Farnam Street and also the host of The Knowledge Project Po
BTC150: Solving the Oracle Problem w/ Daniel Hinton & Steve Jeffress (Bitcoin Podcast)
On today’s conversation with Daniel Hinton and Steve Jeffress, they talk about the idea of financial oracles and how the price of Bitcoin in US dollar terms is passively showing up in the data of the Bitcoin blockchain.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:39 - What is an Oracle and what is it needed for?06:42 - What is a UTXO?08:29 - What price information was discovered in the Bitcoin blockchain?10:17 - How was it found?10:17 - What are some other interesting things that have
TIP579: Big Mistakes by Michael Batnick
On today’s episode, Clay Finck reviews Michael Batnick’s book, Big Mistakes: The Best Investors and Their Worst Investments. One of the best ways to become a better investor is to learn from our own mistakes. The second best (and less costly) way is to study the mistakes of others. If you want to learn from the mistakes of the world’s greatest investors, then this episode was made for you.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:24 - Lessons from Batnick’s book from studying the mi
BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
Preston Pysh and Dr. Peter St. Onge cover some of the current macro events and themes while also talking about a few parallels to the previous global superpowers of the past, like the Roman Empire.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:44 - Peter's overview of what's causing the inflation that happened after 2020.20:39 - What's happening in China and does Peter buy into all the headlines that it's got economic problems?33:59 - Peter's thoughts on Bitcoin and how it's going to be
TIP578: Fundamentals of Stock Investing w/ Daniel Pronk & Jake Ruth
On today’s episode, Clay Finck is joined by Daniel Pronk and Jake Ruth to share the fundamentals of stock investing. They dive into everything they wish they knew as a beginner, the books they would read, and the biggest mistakes they would have tried to avoid.Daniel Pronk and Jake Ruth are the founders of Stock Unlock, which is helping transform everyday people into successful investors. Daniel is also popular on YouTube, as he has over 200k subscribers on his channel. Daniel and Jake
BTC148: Bitcoin and AI w/ Guy Swann (Bitcoin Podcast)
Preston Pysh and Guy Swann's conversation covers the fascinating attributes about AI, the counterintuitive nature of AI and how the need for specialized models will create a rich ecosystem of decentralizing forces around countless models and resourcing requests.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:24 - What is at the intersection of AI and Bitcoin?19:12 - How AI is able to synthesize enormous amounts of information.30:29 - Why AI models are actually going to be a decentralizing
RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran
In this episode, William Green speaks with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. This conversation has been divided into two episodes. Here, in Part 2, Chris discusses what we can learn from studying Berkshire Hathaway & Warren Buffett; weighs the risks of Berkshire’s huge Apple stake; discusses Berkshire’s valuation; & explains why the stock should beat the S&P 500. He also talks about avoiding charlatans and living with integrity.IN
RWH032: The Vigilant Investor w/ Chris Bloomstran
In this episode, William Green chats with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. This conversation is so rich that it’s been divided into two episodes. Here, in Part 1, Chris explains how to achieve long-term success by seeking a “dual margin of safety” that comes from owning high-quality businesses at attractive prices. He also warns about the perennial dangers of irrational exuberance, which he now sees in hot stocks like Tesla & Nvidia.IN T
TIP577: Valuation Masterclass w/ Aswath Damodaran
On today’s episode, Clay Finck is joined by Aswath Damodaran who is widely referred to as the dean of valuation. Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks. He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry.IN THIS EPISODE, YOU’LL LEARN
BTC147: Fiat Ruins Everything w/ Bitcoin Developer Jimmy Song (Bitcoin Podcast)
Bitcoin core developer and author Jimmy Song recently published a new book titled Fiat Ruins Everything. In this episode, Preston Pysh and Jimmy highlight some interesting perspectives on how the money is not only changing the way businesses conduct themselves, but also how it’s impacting family values, culture, and relationships.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:59 - Why Jimmy doesn't need NFTs.07:55 - How Alt-coins use Bitcoin to rent-seek.12:04 - How fiat undermines work.
TIP576: Mastermind Q3 2023 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put Constellation Software on his watchlist and is waiting to buy the dip. Hari’s pick, Brookfield Corporation, is one of the world’s largest alternative investment management companies with over $725B of assets under management. Tobias pitches Winnebago, a value stock coming off the strong demand from COVID.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:33 - Why Hari is bullish on Broo
TIP575: The Future of AI w/ Bob Muglia
Clay Finck is joined by Bob Muglia to discuss the AI boom, Bob’s experience working with Bill Gates, and how he helped lead Snowflake from $0 to $200 million in revenue during his tenure as CEO.Bob Muglia is a prominent technology executive known for his influential roles at Microsoft, including Senior Vice President of the Server & Tools Division, and is also the former CEO of Snowflake, a leading cloud data warehousing company. Bob helped lead Snowflake to go from zero to a $200 m
BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)
In the part two of a two-part discussion with Preston Pysh and Lyn Alden, they talk about the merging of a credit based money ledger system with a commodity backed money system into a single new technology, which is Bitcoin. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:22 - Why money has been at the crux of global conflict since time immemorial.16:08 - Why can't a government entity just fire-up 20,000 nodes and try to fork the code?33:41 - Lyn's thoughts on Gresham's law and Bitcoin.41
TIP574: Broken Money 1/2 w/ Lyn Alden
In this episode, Stig Brodersen and Preston Pysh talk with Lyn Alden about her new book, Broken Money. In this first part episode of two, you’ll quickly hear why Stig and Preston think Broken Money is one of the best books they read in 2023. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro03:50 - Why the current monetary system is broken08:02 - What commodity money is and why it’s relevant to understand today28:33 - Why the fractional banking reserve system is like a game of musical chairs47
TIP573: Berkshire's Beginnings w/ Jacob McDonough
Clay Finck is joined by Jacob McDonough to discuss Berkshire's 1962 beginnings, Warren Buffett's turnaround, and its rise to a $800B valuation by 2023.Jacob McDonough is the author of the book Capital Allocation, which covers the financials of Berkshire Hathaway from 1955 through 1985, and he’s the host of the 10-K podcast, where he dives into the annual reports of various companies from decades ago, such as Geico and GM.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:02 - Why purchasing
BTC145: Adam Back on Drivechains, Mining Hardware, & L1 scaling w/ James Macedonio (Bitcoin Podcast)
Preston Pysh brings Blockstream's Adam Back and James Macedonio to the show. They talk about Blockstream’s efforts to develop their very own ASIC miner and what it takes to take something like that to market and all the challenges that are associated with it. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:23 - Why is building an ASIC like building a high-performance race car?10:02 - How do you think through production and reliability when building an ASIC?10:02 - How can one test the rel
TIP572: Finding Value in the Oil Market w/ Josh Young
On today’s show, we bring back oil expert Josh Young to give an update on the oil market. This discussion touches on Buffett’s updated oil positions, why OPEC is encouraging others to invest more in oil production, the impact of the China reopening on global oil demand, and more.Josh is the Chief Investment Officer and Founder of Bison Interests, which focuses on investing strictly in oil and gas equities.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.01:53 - The highlights of the oil and
BTC144: Bitcoin and Macro Mastermind 3Q 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)
Preston Pysh is joined by Joe Carlasare, Steven McClurg, and Jeff Ross to cover a wide range of topics that include the current situation with interest rates continuing to climb higher and a resurgence in the global gas and diesel prices, where all these Bitcoin ETFs and the Grayscale lawsuit with the SEC is currently at, and more!IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:28 - What is currently happening with SBF going back to jail?08:26 - What is the status and impact of the SEC vs
RWH031: Abundance w/ Michael Berg
In this episode, William Green speaks with Michael Berg, a great scholar & author who draws on the ancient wisdom of Kabbalah to explore how we can build lives that are truly richer, wiser, & happier. Here, Michael discusses how to extract more pleasure from whatever wealth you have; why sharing your money & time builds a greater sense of abundance; how to support your kids without sapping their desire to succeed; why deferred gratification is a superpower in business &
TIP571: Charlie Munger & The Psychology of Human Misjudgment
Clay Finck reviews the 28 psychology of human misjudgments in Peter Bevelin’s book, Seeking Wisdom. One of the best ways to behave more rationally is to understanding our own shortcomings biologically which we are oftentimes unaware of. This episode dives deep into these shortcomings, and how we can sidestep them to invest more wisely.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro4:11 - Many of the human misjudgments that Charlie Munger has spoken about extensively.4:34 - What bias by mere a
BTC143: Local Bitcoin Education & Meet-ups w/ Rod Roudi (Bitcoin Podcast)
Preston Pysh and Rod Roudi talk about how Rod participated in a local Bitcoin meetup in his hometown and took things to the next level by creating an entire park that has attracted numerous developers and Bitcoin builders to the city.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:17 - How did Rod run the initial Nashville Bitcoin meet-up?09:23 - What is the mission at Bitcoin Park?09:23 - What should people consider for their own local meet-ups?14:19 - Is it important for people to engag
TIP570: Back Together w/ Stig Brodersen and Preston Pysh
On today’s show, Stig Brodersen and Preston Pysh are co-hosting an episode for the first time since 2019. They talk about how they met each other and the early days of their company. They also discuss how their investment approach has evolved over the years. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:18 - How Preston and Stig met each other and how The Investor’s Podcast got started08:20 - How the early days were at TIP before it became a real company24:32 - If Preston invests in stoc
TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer
Back by popular demand, Clay Finck brings back Chris Mayer to chat about his book, How Do You Know – A Guide to Clear Thinking About Wall Street, Investing, and Life. This book is one that really made us think as it is not your conventional investing book and questions much of traditional thinking in the world of finance. If you’re interested in becoming a better thinker as an investor, then this episode is a must-listen.Chris is the author of 100 Baggers and How Do You Know?, and the c
BTC142: Bitcoin Policy Update Q3 2023 w/ Perianne Boring (Bitcoin Podcast)
Preston Pysh is joined by Perianne Boring to talk about the current policy and political situation surrounding the Bitcoin ecosystem. They talk about the current bills, the numerous presidential candidates proposing Bitcoin policies, and what that might actually look like in application if they’re elected.Perianne is the founder and CEO of the Chamber of Digital Commerce. She’s been working on Capitol Hill with policymakers educating them on Bitcoin for nearly a decade.IN THIS EPISODE,
TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein
Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform
BTC141: Can Bitcoin Lightning Scale Globally w/ Alexander Leishman (Bitcoin Podcast)
Preston Pysh and Alexander Leishman talk about whether the Lightning Network has the scaling capacity to take on global transactions without centralizing forces compromising the Bitcoin mission.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:19 - A Bitcoin ETF and what it means.04:15 - Is the competition from other domains causing the SEC to approve an ETF?05:23 - Is there concern with Bitcoins from ETFs being used to create yield inside the ETFs?09:55 - Explain the Lightning API at River
TIP567: The Evolution of Value Investing w/ Brian Feroldi
Clay Finck chats with Brian Feroldi about the valuation mindset spectrum, and how investors can determine which valuation approach investors should use when analyzing a company.Brian Feroldi is an expert content creator in the investing space and a writer and contributor to the Motley Fool. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:32 - What the valuation mindset spectrum is.04:50 - The long history of value investing.10:00 - How investors should think about the valuation spectrum i
BTC140: Game Theory and Bitcoin w/ Scott Lindberg (Bitcoin Podcast)
One of the most important topics in Bitcoin is this idea of game theory and the mutually reinforcing incentives to keep the entire network balanced and beneficial to all participants. Preston Pysh and Scott Lindberg cover all sorts of interesting ideas around Bitcoin’s overall game theory on today's episode.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:30 - An overview of Game Theory.12:53 - The critical difference between infinite and finite games.23:21 - What Satoshi had to consider w
RWH030: From Poverty To Power w/ Arnold Van Den Berg
In this episode, William Green speaks with Arnold Van Den Berg, who spent the first years of his life in hiding during the Holocaust & overcame enormous obstacles to become a renowned investor. Here, Arnold shares practical tools, techniques, & principles that helped him gain control over his mind & body so he could lift himself out of poverty & depression. His mission: to guide & empower others on their journey toward happiness, success, & prosperity.IN THIS EPI
TIP566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid
Clay Finck chats with best-selling author, Gautam Baid. We cover the passionate pursuit of lifelong learning, how he achieved his dream of being a professional portfolio manager, why he puts the majority of his focus on high quality businesses, why India’s time has arrived, and much more.Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Ad
BTC139: Educating the World On Bitcoin w/ John Dennehy (Bitcoin Podcast)
Preston Pysh brings John Dennehy to the show. John is member of a nonprofit organization called My First Bitcoin. The organization created a robust curriculum around Bitcoin and how local citizens, students, business owners, or even government officials, can participate in this 10 week all in-person course.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:16 - How John got involved in creating the My First Bitcoin non-profit.06:09 - An overview of enrollment and impact.12:12 - The Power of
TIP565: Why Buffett is Doubling Down on Japan w/ Dan Rasmussen
Clay Finck chats with Dan Rasmussen about why Japanese equities offer some of the most attractive valuations in the market today, how stretched growth stock valuations are relative to value and much more.Dan is the Founder and Portfolio Manager of Verdad, which is a global asset management firm that strives to achieve the highest risk-adjusted returns possible through rigorous research and its practical application.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:45 - Contrarian views of t
TIP564: Capitalizing on Commercial Real Estate Trends w/ Charles Clinton
Clay Finck talks with Charles Clinton on today's show, diving into commercial real estate and EquityMultiple. They discuss trends in prices amidst interest rate hikes, and how EquityMultiple ventures into niche asset classes like self-storage and car washes.Charles is the co-founder and CEO of EquityMultiple, which is a leading online investment platform that is leveraging technology to help modernize the real estate industryIN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:35 - The macro t
BTC138: A Progressive's Case for Bitcoin w/ Jason Maier (Bitcoin Podast)
Jason Maier, author of a book called A Progressive Case for Bitcoin, joins Preston Pysh on the show to dispel Bitcoin myths with sound reasoning and data and analysis.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:57 - What happened when Jason posted a Bitcoin poster on his wall at work?10:29 - Jason's deep dive into Bitcoin Mining and the environmental impact.24:30 - Is Bitcoin an extension of Occupy Wall Street?30:15 - Bitcoin and Too Big to Fail Banks.35:03 - Can Bitcoin make war less
RWH029: Beyond Rich w/ Pico Iyer
In this episode, William Green chats with famed author Pico Iyer about how to create a life that’s truly richer, wiser, & happier. Pico has written 15 books & delivered 4 TED Talks that have received nearly 12 million views. Here, he shares profound & practical insights drawn from his vast range of personal experience: he’s spent decades as a travel writer; befriended everyone from the Dalai Lama to Leonard Cohen; lost everything he owned in a wildfire; & built a remarka
TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel
Clay Finck chats with fan favorite Ian Cassel about a wide array of topics, including the role of mentors in his development as an investor, the three characteristics of a business that lead to “Lightning in a Bottle”, and unconventional methods he uses to understand a business better than nearly all other investors.Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management. He is the founder of MicroCapClub.com and co-founder of the IntelligentFanatics.com.
BTC137: Bitcoin Functions Like A Biological Network w/ Brandon Quittem (Bitcoin Podcast)
Preston Pysh brings Brandon Quittem to the show to talk about his deep interest in biology and nature, and how the Bitcoin network is evolving in harmonious ways with nature.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:34 - Who is Brandon and his background in Fungi?01:34 - Fungi 101 and how they work with plants in the forest.01:34 - Mycelium and it's complex network under the soil.16:18 - How Bitcoin mimics Biology.18:39 - Proof of Work and how Fungi decompose organic matter.23:08 -
TIP562: How to Cope With Market Cycles
Clay Finck completes his review of Howard Marks’ book – Mastering the Market Cycle. This is a wonderful book for understanding market cycles and where we are at in the cycle at any given time. Most investors aren’t aware of the cyclicality of markets and are prone to fall victim to greed and fear at the exact wrong times. Superior investors are aware of markets cycles, and position themselves to profit from them.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:33 - How Howard Marks thinks
BTC136: The FED Pause & Q2 Current Events w/ Luke Gromen (Bitcoin Podcast)
Preston Pysh and Luke Gromen talks about the current events unfolding around the Fed’s current rate hike pause, whether this is it or will they keep on tightening in future meetings. They talk about the energy market, its impact on treasury yields, the Bitcoin shift that’s currently taking place, and more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:26 - The FED recently paused with their efforts to raise interest rates - what's happening?04:08 - Everyone's talking about the TGA needin
RWH028: Lessons From Legends w/ Mohnish Pabrai, Tom Gayner, & John Spears
In this special episode, William Green shares several fundamental, life-changing lessons that he’s learned from his conversations with Charlie Munger, Mohnish Pabrai, Tom Gayner, & John Spears. The focus here is on powerful insights that can guide & enrich you both in business & life.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:37 - Why Charlie Munger thinks being ethical is a huge competitive advantage17:16 - Why Munger urges you to get “toxic people” out of your life, &
TIP561: Discovering Your Hidden Genius w/ Polina Pompliano
Clay Finck and Polina Pompliano discuss her book "Hidden Genius," exploring mental frameworks of high performers to unlock their full potential.After five years of writing The Profile, Polina Marinova Pompliano has studied hundreds of successful people and examined how they reason their way through problems, unleash their creativity, navigate relationships, and perform under extreme pressure.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:11 - How Polina defines success.04:40 - What peopl
BTC135: Binance & Coinbase Vs the SEC w/ Joe Carlasare & Hodl (Bitcoin Podcast)
Preston Pysh brings back expert digital asset attorney Joe Carlasare, and resonant realist American Hodl. These two are the perfect mix to cover the Binance and Coinbase battle currently taking place against the SEC.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro00:50 - Joe's overview of everything happening from a legal sense in the US over the past 6 months.00:50 - What is a TRO and how has the SEC used it against Binance?17:35 - Will the Ripple lawsuit have any impact on the the Coinbase
TIP560: Richer, Wiser, Happier Q2 2023 w/ Stig Brodersen & William Green
On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on books, they discuss what has made them Richer, Wiser, or Happier in the past quarter.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:27 - How to curate a book list12:53 - How can you find books the same way as your pick stocks23:32 - Which books have made us Wiser, Richer, and Happier30:14 - How the master appears when the student is ready44:13 - Whether AI chang
TIP559: Mastering the Market Cycle by Howard Marks
On today’s episode, Clay reviews Howard Marks’ book – Mastering the Market Cycle. This is a wonderful book for understanding market cycles and where we are at in the cycle at any given time. Most investors aren’t aware of the cyclicality of markets and are prone to fall victim to greed and fear at the exact wrong times. Superior investors are aware of markets cycles, and position themselves to profit from them.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.03:32 - Why it’s important to unde
BTC134: Bitcoin Integration Into Gaming with André Neves (Bitcoin Podcast)
Preston Pysh chats with André Neves all about Bitcoin and its integration into gaming. André is the co-founder and CTO at Zebedee. Zebedee is a company that lets developers make turnkey financial transactions native to their apps and games.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:41 - What exactly is Zebedee and what makes it unique in the Bitcoin and gaming space?06:01 - Could you describe, in layman's terms, the technology behind Zebedee's API for streaming Bitcoin sats?06:01 - W
Classic 23: Lessons from Billionaire Peter Thiel
On today’s classic episode, we study Billionaire Peter Thiel. Peter co-founded PayPal and he was the CEO until the sale to eBay in 2002 for $1.5 billion. After the sale of PayPal, Thiel started a big data analysis company called Palantir Technologies. He also became the founder of a venture capital firm called Founders Fund. With this firm, Thiel became Facebook’s first outside investor when he acquired a 10% stake for as little as $500,000 in August of 2004. Peter’s personal net worth
TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson
On today’s episode, Clay chats with Scott Patterson about his new book - The Chaos Kings. The Chaos Kings tells the story of the hedge fund that achieved average annual returns of over 105% from 2008 through 2019, and how Bill Ackman had a $27 million dollar bet that turned into over $2.6 billion. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:35 - Who the Chaos Kings are.05:38 - The story of Nassim Taleb and Mark Spitznagel setting up a hedge fund that delivered average returns of 105%
BTC133: Creating a New Libor on Bitcoin w/ Jesse Shrader (Bitcoin Podcast)
Preston Pysh talks to Bitcoin layer two Lightning expert Jesse Shrader on the show about all the fascinating stuff they have going on with their Amboss website. Amboss is a website that analyzes all the Bitcoin full nodes and immediately settling channels that are open between the nodes on the network.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:43 - How did Jesse get into Layer 2 Lightning Bitcoin?03:07 - How Jesse's background in class action lawsuits against big banks impacted the w
TIP557: Mastermind Q2 2023 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Teqnion as the newest addition to his portfolio. Hari’s pick, Palantir, has recently traded at a 52-week high after a preceding 80% drop, and Tobias pitches Virtu Financial, a value stock with strong cash flows in uncertain times. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:35 - The group’s takeaways from the Berkshire H
TIP556: 100 to 1 in the Stock Market by Thomas Phelps
On today’s episode, Clay reviews Thomas Phelps’s book - 100 to 1 in the Stock Market, and also highlights writings put out by Akre Capital Management.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:30 - Common characteristics of companies that increased their share price by 100x.11:11 - Why most investors aren’t able to hang onto their winners as Phelps suggests.14:05 - Why good stock selection is much more important than good stock market timing.31:36 - Mental models Phelps uses to figur
BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)
Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:15 - What was Anil trying to accomplish with the book?06:59 - Of all the mental models and paradoxes menti
RWH027: High-Quality Investing w/ Christopher Begg
In this episode, William Green chats with hedge fund manager Christopher Begg, who is the CEO, Chief Investment Officer, & co-founder of East Coast Asset Management. Chris is also a revered professor at Columbia Business School, where he teaches the Security Analysis class that was originally taught by Warren Buffett’s mentor, Ben Graham. Here, Chris shares powerful lessons on how to identify high-quality businesses & build a life that’s defined by a commitment to quality.IN THI
TIP555: Lessons from the World's Greatest Capital Allocators
On today’s episode, Clay reviews one of Warren Buffett’s favorite investment books called The Outsiders by William Thorndike Jr.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:56 - How we should evaluate the performance of a CEO during their tenure.03:01 - How Henry Singleton led Teledyne to deliver a 20.4% average annual return to shareholders during his 30 year tenure.09:18 - How most CEOs think like foxes, while Outsider CEOs think like hedgehogs.22:15 - What it means to be an exceptio
BTC131: Positioning For the Bitcoin Boom w/ Tuur Demeester (Bitcoin Podcast)
In part two of Preston Pysh's discussion with Tuur Demeester, they go deep into Tuur's latest report on why right now in particular is a great time to be a Bitcoin bull. Tuur talks about numerous on-chain metrics, and circumstances happening in the macro backdrop that only contribute to the bullish narrative.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?08:19 - Why do so many people have the urge to update the code b
TIP554: Mental Models for Successful Investing w/ John Jennings
On today’s episode, Clay chats with John Jennings about his new book - The Uncertainty Solution. John Jennings is President and Chief Strategist of St. Louis Trust & Family Office, which has $12 billion dollars in assets under management. He is also a member of the firm’s Management Committee, on its Board of Directors, and also serves on the Investment, Risk Management, and Trust Committees. John works closely with client families, advising them in all areas of wealth management.IN
TIP553: Why Hard Assets are Positioned to Outperform w/ Tavi Costa
On today’s episode, Clay Finck brings back Tavi Costa to chat about the beginning of a commodity supercycle. Tavi gives a masterclass in why we are just in the beginning phases of a bull market for gold, silver, and hard assets like commodities. Tavi is a partner and portfolio manager at Crescat Capital. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CNN, among others.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.03:31 - Why Tavi believ
BTC130: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester (Bitcoin Podcast)
In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?08:19 - Why do so many people have the urge to update the code base?11:17 - Why are inscriptions poten
TIP552: Mastering the Art of Investing: A Deep Dive w/ Sam Zell
On today’s show, we have the honor of interviewing legendary real estate investor and entrepreneur, Sam Zell.Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He is the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam has made many bold moves and investments, earning him a reputation as a savvy and fearless investor.One of Sam's most notable achievements was his role i
TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023
In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&A session, along with his own thoughts on their answers.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.05:30 - Buffett and Munger’s thoughts on the commercial real estate.09:37 - Why value investors must evolve to the increasingly competitive world of investing.17:36 - How Buffett allocates capit
BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podcast)
Alex Gladstein previously discussed his groundbreaking article on the IMF and the World Bank. On today's episode, he is back with even more as he’s turned all of his research into a full-blown book on the topic.Preston and Alex cover new and additional ideas, which are vital information for understanding the impact of the legacy financial system and the abundant hope that Bitcoin brings to so many regions around the world.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:17 - Why Alex wrote
TIP550: Masterclass w/ Mohnish Pabrai
On today’s show, Stig Brodersen talks with legend investor Mohnish Pabrai. In the interview, Mohnish Pabrai generously shares his investment framework and touches on various stocks, including Alibaba, Constellation Software, Reysas Logistics, and Shinoken. Disclaimer: Stig Brodersen is invested in Pabrai Funds. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.01:35 - How to stay objective when you get advice from someone you admire and like04:56 - Why the Turkey stock market is attractive10:0
TIP549: 2 High-Quality Compounders
On today’s episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries.Both companies have strong competitive advantages, strong fundamentals, high insid
BTC128: Evolving w/ the Technium w/ Kevin Kelly (Bitcoin Fundamentals)
Preston Pysh interviews the author of one of his favorite books of all time, Kevin Kelly. Kevin is the founding editor of the global brand Wired Magazine. In this episode, they talk about all the interesting ideas about technology, AI, where it’s going, and more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:12 - What is the Technium and how did Kevin come to understand the term?02:12 - Why are ecosystems NOT in equilibrium?06:28 - What are Kevin's thoughts on AI helping biology and long
TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran
Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a CAGR of 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&P500. There is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:21 - The intrinsic value of Berkshire Hatha
TIP547: The Truth About Stock Market Forecasts
On today’s episode, Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnershi
TIP547: The Truth About Stock Market Forecasts
On today’s episode, Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnershi
BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair (Bitcoin Podcast)
Preston Pysh and Dylan LeClair cover Dylan's use of AI, programming, and on-chain analytics, what's driving the recent surge we've seen in the Bitcoin price since the start of the year, and what he's personally paying attention to in the general macro overview.Dylan is one of the lead writers and researchers at Bitcoin Magazine Pro and has some of the most interesting and well-researched takes on what's currently happening with the market.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:11
RWH026: Wealth & Health w/ Jason Karp
In this episode, William Green talks with Jason Karp, a prodigiously talented investor & entrepreneur whom he also profiled in his book, “Richer, Wiser, Happier.” Jason founded Tourbillon Capital Partners, where he managed $4.5 billion. He then quit the hedge fund business & created HumanCo, a holding company that invests in the health & wellness sector. Here, he speaks with extraordinary candor about his relentless quest for financial & professional success, & how h
TIP546: The Holy Grail of Long-Term Value Investing
On today’s episode, Clay Finck continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 4 of our review of this incredible book.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and valu
BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)
David Bailey and Preston Pysh get into an in-depth conversation about the GBTC Bitcoin Trust and all of the issues it's had over the past year and a half.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:29 - What backs Bitcoin?10:27 - CBDCs and what happens next.13:14 - FedNow and what happens after it's launch.18:43 - The actual impact of picking winners and losers for decades on end.20:14 - The Skull of Satoshi.29:43 - What it's like building a Bitcoin media company as an entrepreneur.29
RWH025: Patient Capital W/ Samantha McLemore
In this episode, William Green chats with Samantha McLemore, the founder of Patient Capital Management. After graduating magna cum laude from Washington & Lee University, she was hired by investing legend Bill Miller & spent 20 years working with him. They co-managed Miller Opportunity Trust, a top-performing mutual fund, for a decade until Bill recently retired & anointed her as his successor. Here, Samantha shares what she’s learned over the last two decades about how to o
TIP545: The Third Sea Change Has Begun w/ Howard Marks
Trey Lockerbie invites the renowned Howard Marks, known for establishing Oaktree Capital with $140B in AUM and earning a reputation as an investing legend for his consistent performance, unconventional investments, and insightful memos. In their discussion, Howard shares his views on various topics, including A.I., Bitcoin, and his prediction that the financial markets are undergoing a significant transformation, which he believes is the third such occurrence in his illustrious 50-year
BTC125: James Lavish On Why Bitcoin Performs From Here (Bitcoin Podcast)
James Lavish comes with decades of experience as a fixed income investor, and overall Bitcoin educator. On today’s show, Preston talks to James about how the evolving macro environment doesn’t seem to be hampering the price of Bitcoin, despite the numerous liquidity and central banking actions plugging the global economy.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:16 - What are the most important things to be focusing on in the second quarter of 2023?02:56 - What James thinks about th
TIP544: Life-Changing Returns in Cyclicals & Spinoffs
On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 3 of our review of this incredible book.Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-orie
TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer
On today’s episode, Clay sits down with Chris Mayer to discuss the lessons from his book - 100 Baggers. Chris is the author of 100 Baggers, and the portfolio manager of Woodlock House Family Capital. Chris’s book was published in 2018, and has quickly become a favorite within the investing community. The book very clearly explains the ingredients needed for a stock to compound and grow to 100 Bagger status, which we discuss during this episode.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro
TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham
Trey Lockerbie welcomes back billionaire and legendary investor Mr. Jeremy Grantham. Jeremy has a reputation for accurately predicting future events, including nearly every single bubble bursting over his career. During their conversation, Jeremy shares his thoughts on recent bank failures, Fed policy, and other world issues.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro.01:51 - Jeremy’s general thoughts on recent bank failures and Fed policy.12:22 - A look at history and how long bear marke
BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard (Bitcoin Podcast)
Preston Pysh and Pierre Rochard talk about the current draft bill in Texas that's trying to limit Bitcoin mining and what this means in the broader context of state's rights and their competition between local jurisdictions.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:10 - Why Pierre was in the Texas Congress testifying about the benefits of Bitcoin and it's mining infrastructure.04:40 - Explain why Bitcoin is a National Security issue if a country fails to adopt and understand it.07:5
TIP541: How Equity Crowdfunding is Changing the Game w/ Daniel Gallancy
On today’s episode, Clay Finck sits down with Daniel Gallancy to chat about the evolution of capital markets and how equity crowdfunding allows individual investors to get access to new investment opportunities. Daniel is the CEO of Atakama. Atakama is a cybersecurity company that is pioneering multifactor encryption, enabling unrivaled data protection through distributed cryptographic key management. Organizations rely on Atakama to protect their most sensitive data, even when identity
RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner
In this episode, William Green chats with Tom Gayner, one of the great long-term investors of our time. Tom is the CEO of the Markel Corporation, a global financial holding company, where he oversees about 20,000 employees. Here, he shares his time-tested advice on how to achieve enduring success in business & investing while also building a happy & fulfilling personal life.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:38 - How Tom Gayner made a fortune by setting up a retirement
TIP540: Lessons in Life and Business from a Self-Made Billionaire w/ Andrew Wilkinson
Trey chats with billionaire entrepreneur and investor, Mr. Andrew Wilkinson. They discuss various topics, including self-care and parenting, as well as exciting deals he collaborated on with Bill Ackman and Howard Marks.Andrew is the co-founder of Tiny, which has been called the Berkshire Hathaway of Tech companies. Andrew turned his first business, MetaLab, into a not-so-tiny conglomerate in a similar fashion to how Buffett turned an old textile mill into the juggernaut Berkshire is to
BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
Preston Pysh interviews Alfonso Peccatiello, better known as Macro Alf, to talk about how the banking system works, what might come next with the spreading global impairment, and what it might mean for Bitcoin and other asset classes. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:25 - Global perspectives and insights.05:28 - The impact of immediate withdrawals on banks' cash reserves.11:49 - Twitter debates: QE returns or not?11:49 - Dispelling Bitcoiners' mistrust in the banking system
TIP539: The Banking Crisis Explained w/ Shawn O'Malley
On today’s episode, Clay sits down with Shawn O’Malley to provide an update on the banking crisis. For months, many have said that the Fed will continue hiking interest rates until “something breaks”. Shawn breaks down why it feels like the Fed broke something, and what it means for investors.Shawn is the chief editor and writer of our daily financial markets and investing newsletter. He aims to bring a value investor’s perspective to understanding current events.IN THIS EPISODE YOU’LL
TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen
On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” They discuss what has made them Richer, Wiser, or Happier in the past quarter.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:31 - How to think about investing with an asset manager that yields a lower return and has good values, or an asset manager with a higher return and bad values.27:35 - The role of money vs. happiness for billionaires.48:55 - What Stig and William learned from Ra
TIP537: The Surprising Opportunities in Commercial Real Estate w/ Ian Formigle
Trey brings back TIP fan favorite, Mr. Ian Formigle. Together they discuss the future of office and retail, the risks of capital calls in a downward market, and much more.Ian is the Chief Investment Officer of Crowdstreet and our go-to expert on all things real estate, especially commercial real estate. IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro08:32 - Ian’s outlook for 2023, especially as it pertains to the risks surrounding bank failures and other illiquidity issues.15:01 - How inter
BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
Preston Pysh sits down with global macro and security intelligence thinker, Matthew Pines to talk about China and its deeply manipulated market conditions, Japan being a major choke point for international interest rates, central bank digital currencies, and many more interesting ideas.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:19 - How Matthew Pines became familiar with Bitcoin.03:26 - Was the balance of payments between net producers and net consumers a reason why we have so many g
TIP536: Buffett and Munger’s Principles and Mental Models
On today’s episode, Clay Finck continues his review of Gautam Baid’s book, The Joys of Compounding. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02
RWH023: Defensive Investing In Dangerous Times W/ Guy Spier
William chats with renowned hedge fund manager Guy Spier. Since launching the Aquamarine Fund in 1997, Guy has beaten the S&P 500 by 200 percentage points & the MSCI World index by 364 percentage points. He’s also the author of “The Education of a Value Investor.” In this conversation, Guy speaks candidly about the challenges he’s facing, including his fear that Russia’s war in Ukraine could escalate, creating a systemic risk for investors. He explains how he’s positioning his p
TIP535: Insights from the World's Top Money Managers w/ Kristof Gleich
Trey invites Kristof Gleich, together they discuss a wide range of topics, including factor frameworks, advancements in behavior analytics, the qualities that set exceptional money managers apart, and more!Kristof is the President and CIO of Harbor Capital and is responsible for Harbor’s $40B of AUM invested in boutique managers from across the World. Prior to Harbor, Kristof worked at Goldman Sachs and JP Morgan.IN THIS EPISODE, YOU'LL LEARN:0:00 - Intro01:53 - How Kristof would summar
BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
Preston Pysh sits down with Steven McClurg, who’s the CIO at Valkyrie, and just an all-around brilliant macro thinker, to talk about the multiple bank failures, what it meant for the broader economy, Bitcoin, and more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro03:03 - What are the three things the FED is currently considering?26:15 - Why Silvergate, Signature, and Silicon Valley Bank are different than many other banks?31:29 - What rules from the Global Financial Crisis are currently im
TIP534: The Joys of Compounding by Gautam Baid
On today’s episode, Clay Finck reviews Gautam Baid’s book, The Joys of Compounding. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro05:54 - Why we shou
TIP533: How the Fed went Broke w/ Lyn Alden
Stig brings back one of our most popular and thoughtful guests, investment expert Lyn Alden. Together, they discuss how the Fed went broke and what the implication is for us as investors. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:28 - What is on the balance sheet of the FED.07:32 - Why the Fed should be profitable.11:36 - Should central bankers be elected? 21:09 - Why Lyn is bullish on India and Brazil.36:39 - Whether the commercial bank system will allow a central bank digital curre
TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster
Trey chats with Dr. Graeme Forster. Together they discuss the success of legendary investors such as Jim Simons & Orbis' founder Allan Gray, Graeme's shift from mathematics to value investing, and much more!Graeme is the Director and Portfolio Manager of Orbis, which currently manages around $30B. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:30 - Graeme’s journey from mathematics to value investing, & exploring legendary investors like Jim Simons.26:14 - How Orbis’ founder and b
BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
Preston Pysh takes his top five favorite moments and lessons learned about Bitcoin since starting the Bitcoin Fundamentals Podcast in 2020. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro00:56 - Preston's 1st pick: Michael Saylor describing the importance of inflation being a vector21:28 - Preston's 2nd pick: Pablo Fernandez talking about how CBDC will drive a wedge between producers and consumers31:34 - Preston's 3rd pick: Cory Klippsten describing in detail how the alt coin / Silicon Vall
TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of
On today’s episode, Clay Finck does a deep dive into Constellation Software (Ticker: $CSU). Constellation Software is a Canadian holding company that has acquired over 600 vertical market software businesses. The company was founded by Mark Leonard, and has delivered exceptional returns to shareholders since their IPO in 2006. The stock has had an average annual return of over 34% from 2006 through the end of 2022. If you are like Clay and enjoy learning about high-quality businesses, t
TIP530: The Top 5 Billionaire Books w/ Richard Wilson
Trey invites Richard Wilson. Together, they discuss his top 5 favorite books written by billionaires and tease out the lessons from each one.Richard is the Founder and CEO of The Family Office Club, which is the #1 family office association with over 4,000 registered family offices.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:02 - What a family office is and how it works.16:53 - The first thing you should focus on when setting one up.46:54 - Key lessons from Richard’s top 5 billionaire
BTC119: Merging the Energy Sector with Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
Preston Pysh is joined by Bitcoin miner, investor and strategic thinker, Harry Sudock. They talk about the current status of the mining industry and how they're dealing with an all-time high hash rate combined with prices that are still significantly down. Harry shares his thoughts on the ever-changing policy and legal rules around Bitcoin and Bitcoin mining, and much more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:28 - Harry's thoughts on the massive amount of hash rate that has rec
TIP529: Joel Tillinghast & Uncovering the Art of Outperformance
On today’s episode, Clay Finck reviews Joel Tillinghast’s book, Big Money Thinks Small, and does analysis on two companies built around acquisitions - Brown and Brown Insurance and Constellation Software.Joel is an incredible long-term investor as he has consistently outperformed the market and currently manages around $70 billion at Fidelity. Peter Lynch, who hired Joel at Fidelity, has described Joel as “one of the greatest, most successful stock pickers of all time.”IN THIS EPISODE Y
TIP528: Mastermind Q1 2023 w/ Tobias Carlisle and Hari Ramachandra
Stig speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Spotify as the newest addition to his portfolio. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Amgen, a value stock with strong downside protection in uncertain times.IN THIS EPISODE YOU’LL LEARN:0:00 - Intro01:24 - Why Hari is bullish on Disney (Ticker: DIS)34:39 - Why Stig has invested in Spotify (Ticker: SPOT) as one
TIP527: The Epic Collapse of GE w/ William Cohan
Trey talks to New York Times bestselling author William Cohan about GE's history, including founder Thomas Edison, Jack Welch's controversial career & successes, Warren Buffett's investment on GE, and much more!William Cohan's latest book, titled "Power Failure: The Rise and Fall of an American Icon," chronicles the incredible history of General Electric, which was often the largest and most esteemed company in the world over its 130-year existence.IN THIS EPISODE YOU’LL LEARN:0:00
BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast)
There has been a lot of news coverage on Sam Bankman-Fried and the FTX disaster and all the pieces that led to its final meltdown. Mark Goodwin is the writer of the newly released article covering all the ins and outs of this major financial news story. And we cover it all in this episode.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:33 - Mark's thoughts on the cover of the Magazine.05:35 - The timeline of FTX's founding.09:59 - SBF's network and how was it even possible.25:28 - Why and
TIP526: Quality Investing: Lessons from Terry Smith
On today’s episode, Clay Finck discusses the investment philosophies and framework of Terry Smith, who is the founder and CEO of Fundsmith and also known as the Warren Buffett of Great Britain. Smith started Fundsmith in 2010, and ever since has returned 478% to his investors versus his benchmark returning 256%. He did this using the simple framework of buying good companies, not overpaying, and holding them for the long-term.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:12 - Why Terry S
RWH022: Multi-billionaire Masterclass w/ Ray Dalio
William chats with Ray Dalio, one of the most successful investors of all time. Ray, whose net worth is estimated at $19.1 billion, founded the world’s largest hedge fund firm, Bridgewater Associates, which manages about $150 billion. He’s also the author of the #1 NYT bestseller “Principles: Life & Work,” which has sold over 4 million copies. Here, Ray shares invaluable lessons on how to develop your own principles for success, overcome your biggest obstacles, construct a resilient
TIP525: Secrets from a Private Billionaire Club w/ Michael Sonnenfeldt
Trey speaks with accomplished real estate entrepreneur, Michael Sonnenfeldt, about his experiences and takeaways from his private club, Tiger 21, as well as his early life achievements and other topics. Michael is also the author of the book, "Think Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs."IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:46 - What Michael learned from achieving his dreams early in his thirties.19:59 - What he’s learned from subsequent wins and
BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)
Preston Pysh talks with Luke Broyles about Bitcoin's impact from a monetary historical perspective. Luke has been creating a lot of great content around why Bitcoin is so important, how we're at the start of the information era, and why scarce digital monetary units are so vital at such a point in time.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro05:32 - An overview of monetary history.12:54 - Hyperinflation examples and boom bust empires.11:17 - Why we might be at the end of an era.47:32
TIP524: Four Wide Moat Stocks for 2023
On today’s episode, Clay breaks down four wide moat stocks to be considered for 2023. If you’ve been following along with the show for quite some time, you know that Warren Buffett loves companies with wide moats. These are the companies that are most equipped to handle the constant disruption occurring in the capitalistic marketplace.However, even some of the widest moat and highest quality companies can be a poor investment if you pay too high of a price, so I also brought that into c
TIP523: Financial Wisdom w/ Cullen Roche
Stig Brodersen has invited back investment expert Cullen Roche to discuss how to optimize your portfolio for financial independence and sleeping well at night.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:05 - What the difference is between CPI and PCE.08:31 - Whether central bankers should be elected? 14:46 - What the velocity of money is, and how it impacts inflation?19:08 - What it means for inflation and the US dollar that the world is decoupling.28:19 - What a balance sheet recessio
TIP522: Unconventional Wisdom From The Greatest Minds In Investing w/ Joseph Shaposhnik
Trey chats with Joseph Shaposhnik. Joseph is the Portfolio Manager of TCW’s New America Premier Equities Fund. Joseph also serves as a Senior Equity Analyst in the equity research group with coverage responsibility for the industrials and basic materials sectors. Before joining TCW in 2011, he was an Equity Research Associate at Fidelity, focusing on the semiconductor and entertainment software sectors.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:52 - Unconventional wisdom and strategie
BTC116: Bitcoin Ordinals and NFTs on Layer 1 of the Protocol w/ Pierre Rochard (Bitcoin Podcast)
Pierre Rochard comes back to the show to do a deep dive into ordinals and the impact of people being able to put NFTs onto the base layer of the Bitcoin protocol. Many people in the space are currently debating whether this is a good thing or a bad thing, and there's no one better than Pierre to provide a good objective look at what it means and whether it potentially presents an attack vector to the protocol in the long term.Pierre has an in-depth understanding of the code, how exchang
TIP521: Warren Buffett's Shareholder Letters
On today’s episode, Clay reviews Warren Buffett’s shareholder letters and shares his takeaways, and distills some of the biggest lessons he learned. If you asked a lot of value investors, they would tell you that reading Buffett’s letters is equivalent to an MBA on value investing and business. Buffett has a lot to teach us as investors as he has grown the value of Berkshire shares by over 3,600,000% since he took control of the business in 1965.IN THIS EPISODE YOU’LL LEARN:00:00 - Intr
RWH021: Investing Amid Uncertainty w/ Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon
William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the Richer, Wiser, Happier podcast: Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty & handle the emotional challenges of investing in turbulent times. William adds his own observations, drawing on his conversations with these great investors & with legends lik
TIP520: Investing Through Post-bubble Markets w/ Jamie Catherwood
Trey brings back financial historian, Jamie Catherwood. Jamie is a Client Portfolio Specialist at O'Shaughnessy Asset Management and the author of the popular blog, Investor Amnesia.Trey and Jamie discuss the historical viewpoint on a post-bubble world, the impact of 1800s markets on our current market outlook, and more.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:45 - How markets from the 1800’s can inform how we view our market today.13:27 - How the frauds of today like FTX draw simil
BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast)
Preston Pysh is joined by Bitcoin Lightning expert Justin Rezvani. Justin is a Forbes 30 under 30 and has some fascinating stories as a tech entrepreneur.Justin discusses how he sees the creator economy evolving with immediate settlement happening on the Lightning Network, and how people are going to be compensated for holding their own data and content instead of the big platform owners.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:15 - Justin's background as an entrepreneur.01:20 - Ju
TIP519: The Education of a Value Investor by Guy Spier
Clay reviews Guy Spier’s book, The Education of a Value Investor. Guy Spier is a renowned hedge fund manager who has beaten the S&P 500 by almost 250 percentage points since launching the Aquamarine Fund in 1997. He has also been a guest on We Study Billionaires several times, including episode #14 released all the way back in 2014.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:27 - Guy’s story and background, and the critical mistakes he learned from the journey.06:39 - How studying
TIP518: The "Buy" List for 2023 w/ Eddy Elfenbein
Trey chats with Eddy Elfenbein, a portfolio manager and editor of the blog Crossing Wall Street. They discussed his Buy List for 2022 and reviewed his list for 2023. Eddy's 'Buy List' has beaten the S&P 500 by 102% over the last 17 years.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:08 - How the 2022 list performed during one of the worst stock market years on record.06:12 - Which five stocks Eddy swapped out for 2023 and why.20:58 - Which stock performance surprised Eddy the most.39
BTC114: Bitcoin is Banking and Electrifying the Developing World w/ Lyn Alden and Alyse Killeen (Bitcoin Podcast)
Lyn Alden and Alyse Killeen talk about all the emerging businesses and ideas currently happening in the Bitcoin Lightning Network and where they see the space moving in the coming 12 to 24 months.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:12 - What are most important things that Lyn and Alyse are tracking going into 2023?03:59 - What is the current state of the Bitcoin Lightning Network?15:36 - How do they see stable coins versus CBDCs progressing in the coming year?15:36 - Thoughts
TIP517: Mohnish Pabrai's Dhandho Investment Framework
On today’s episode, Clay reviews Mohnish Pabrai’s book, The Dhandho Investor. Mohnish is one of our very favorite investors to study here at TIP as we’ve interviewed him for the podcast multiple times in the past. Since its inception in 2000, Mohnish’s flagship fund has achieved a return of 781% to his investors net of fees versus 378% for the S&P 500. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:19 -The story of the Patels, who went from owning nothing in the US, to owning over 50%
TIP516: Navigating A Real Estate Market On The Brink w/ Patrick Carroll
Trey invites Patrick Carroll, the founder and CEO of Carroll, which is a multi-billion dollar real estate investment firm. Patrick is a self-made entrepreneur with boundless ambition and has built his empire from scratch. Together they discuss today’s real estate markets and so much more!Patrick has risen from the school of hard knocks to become the success he is today. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:47 - Today’s real estate markets and how they eerily resemble 2008.14:50
BTC113: Bitcoin Lightning Tackling Spam w/ Vida Founder Lyle Pratt (Bitcoin Podcast)
Preston Pysh interviews Lyle Pratt, an entrepreneur of multiple successful businesses, and a telecommunications and spam expert. They talk about the intersection of the Bitcoin Lightning Network and how it offers a solution to the worsening spam and bots that litter our social media and phone calls.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:18 - Lyle's background as an entrepreneur founding Better Voice.06:22 - The history of VOIP and how it relates to Bitcoin today.06:22 - The 402 p
TIP515: The Little Book of Valuation by Aswath Damodaran
IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro05:11 - Aswath’s two primary methods for valuing a company.05:40 - The general truths about valuations that investors should understand.12:38 - The four most basic inputs to valuing a company.19:37 - How to go about setting an appropriate growth rate in our valuations.34:11 - Additional considerations in performing valuations such as a company’s intangible assets.47:09 - Clay’s intrinsic value assessment of Williams-Sonoma (Ticker WSM).Disclaim
TIP514: Permanent Supply Chain Disruptions That Will Sink the Economy w/ Jim Rickards
IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:31 - How Inflation has been winning the tug of war with Deflation, but not for long.23:58 - The importance of the velocity of money.29:12 - How supply chains have evolved and who we’ve ended up where we are. 55:18 - How China’s power has peaked.57:26 - The need for sound money.And much, much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Masterm
We Study Billionaires by The Investor's Podcast Network
We interview and study famous financial billionaires including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market. We Study Billionaires is the largest stock investing podcast show in the world with 100,000,000+ downloads and is hosted by Stig Brodersen, Trey Lockerbie, and Clay Finck.This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green.
BTC112: Bitcoin Macro Mastermind 1st Q 2023 w/ Joe Carlasare, Steven McClurg, & Jeff Ross (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:37 - What's the mastermind's thoughts on FTX and SBF?10:22 - What's happening with Gemini, DCG, Genesis, & GBTC?14:37 - What's the group's thoughts on Binance?15:04 - Why is a risk assessment of counterparts risk so important?15:04 - Thoughts on liquidity and how to use it to understand volatility limits.22:30 - An overview of Fixed Income Markets and High Yield Debt.41:39 - Thoughts on inflation and what it might trend towards in 2023.5
TIP513: Warren Buffett's Money Mind
IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:54 - What it means to have a “Money Mind”.10:08 - How Warren's father’s Libertarian viewpoints rubbed off on Warren’s business mind.24:29 - How Buffett continued to evolve as an investor as the investment landscape changed.29:24 - Tom Gayner’s description of the three stages of value investing that has played out over time.36:15 - How Bill Miller helped value investors realize that value is sometimes found in the most unexpected places.45:04
RWH020: The Disciplined Growth Investor w/ Fred Martin
IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.14:22 - How he handles the pain & discomfort of difficult periods in the stock market.31:52 - Why he thinks Tesla’s stock is overvalued & what he thinks it’s really worth.35:20 - Why it’s critical for investors to be skeptics who never let down their guard.43:56 - What insights he drew from studying Benjamin Graham & writing a book about h
TIP512: Top Takeaways from 2022 w/ Trey Lockerbie
IN THIS EPISODE, YOU'LL LEARN:
03:54 - How today’s inflation compares to 1970 with Jeremy Grantham.
07:52 - Why Michael Mauboussin says you have to earn the right to use a valuation multiple.
13:17 - How energy impacts inflation with Josh Young.
31:55 - Why investors should consider microcaps with Ian Cassell.
38:40 - The vindication of the dollar milkshake theory with Brent Johnson.
47:15 - Market indicators from Dan Rasmussen, Joe Brown, and a lot more.
Disclaimer: Slight discrepancie
BTC111: Nostr - Decentralized Social Media and Bitcoin w/ William Casarin (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:54 - So what is Nostr?
03:50 - It seems like the protocol is optimized around simplicity, is that it?
06:30 - What does this look like 5 years from now?
10:38 - What other application might pop out of this?
16:19 - What are all these clients interfacing with the protocol?
26:11 - What concerns do you have about open speech on sexual, racial, or explicit things?
28:06 - How do you remove centralized servers with something like this?
33:45 - Can tradition
TIP511: How to Pick Stocks like Peter Lynch
IN THIS EPISODE, YOU'LL LEARN:
05:27 - How everyday people can actually have an advantage investing in stocks over those on Wall Street.
13:15 - Lynch’s stock investing philosophies and methods.
26:41 - How he categorizes the stocks he invests in, in order to manage expectations.
34:58 - What to look for when searching for a great company to invest in.
37:48 - Why you should avoid companies that fall prey to what he calls diworsification.
53:21 - The most common mistakes new investors m
TIP510: Money and Happiness w/ Stig Brodersen and William Green
IN THIS EPISODE, YOU'LL LEARN:
01:19 - How to live a life with integrity.
01:38 - How to live a life with honesty.
18:06 - How to live a life that is true to your personality.
23:39 - What it means to be “poor rich.”
38:20 - Why what we envy from rich people is independence.
01:03:38 - How to live a life of subtraction and not of complexity.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Masterm
TIP509: Value Analysis of Warner Brothers Discovery, Lithia Motors and Meta w/ Bill Nygren & Alex Fitch
IN THIS EPISODE, YOU’LL LEARN:
01:45 - Oakmark’s framework for navigating the current market.
12:09 - Bill’s updated thoughts on Meta and Bank of America.
22:18 - How the Warner Discovery merger has caused a lot of confusion in the market that may now have resulted in a severely undervalued stock.
36:07 - How Lithia motors are quietly capitalizing on the used car market and its newer DTC platform.
39:10 - How Lithia compares to competitors such as Carvana who’s stock has nearly crashed
BTC110: Japanese Credit Markets, Bitcoin, and Nostr w/ James Lavish (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:53 - What is Nostr and why is it so important to Bitcoin and free speech?
05:31 - Japan adjusting their YCC peg to a higher yield and what that means.
26:27 - What impact does Japan's move have on other economies?
28:47 - How does James see 2023 playing out?
29:38 - Will the potential disinflation in the US help lower prices in Europe?
32:42 - What's causing the inflation in the EU and is it solvable?
34:56 - Paper Bitcoin and the impacts moving forward
TIP508: Berkshire's Purchase of TSM & Meta "Doomsday" Analysis
IN THIS EPISODE, YOU’LL LEARN:
03:36 - TSM’s business model and competitive advantages.
07:13 - All about the critical role semiconductors play in our overall economy.
17:15 - Potential risks of investing in TSM.
18:11 - The geopolitical tensions that are brewing with the US restricting China’s access to the global semiconductor market.
31:00 - What drives the stock’s return in the long run.
31:42 - The highlights from the Graham and Dodd Annual Breakfast.
37:01 - Why Intel and Meta’s s
RWH019: Winning the Long Game w/ John Spears
IN THIS EPISODE, YOU’LL LEARN:
04:04 - How John Spears became obsessed with investing when he was 12 years old.
11:34 - How skipping school to meet an investing legend set him on a path to success.
16:07 - How a catastrophic early investment humbled John & taught him to be more prudent.
24:12 - Why he focuses intensely on tracking insider buying of cheap stocks by top executives.
27:28 - What he learned by studying Ben Graham & teaching himself to buy cheap stocks.
32:42 - How W
TIP507: Market Indicators, CBDC's and Real Estate w/ Joe Brown
IN THIS EPISODE, YOU’LL LEARN:
05:56 - Indicators that Joe watches to forecast market moves.
13:19 - Why the Fed pivot might take much longer than many current estimates.
14:56 - How the Fed could use $2T in reverse repos to provide liquidity before needing to lower interest rates.
27:49 - CBDCs and how they compare to bitcoin, Ethereum and others.
55:39 - The real estate market in the US.
60:40 - Household financial health.
And much, much more!
Disclaimer: Slight discrepancies in the
BTC109: Bitcoin Taro, GBTC Discount, & More w/ Pierre and Morgen Rochard (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:36 - What are some of the most important things happening in the Bitcoin space right now?
08:18 - Thoughts on paper Bitcoin and the impacts moving forward.
14:40 - Thoughts on GBTC discount to NAV.
29:19 - Pierre's thoughts on the Taro protocol from Lightning Labs.
31:02 - Why are so many people using other network for stable coins right now?
40:23 - Why moving stable coins onto the Bitcoin Lightning Network might not be the best use of time.
41:05 - Is
TIP506: How Jeff Bezos Built Amazon
IN THIS EPISODE, YOU'LL LEARN:
00:02:34 - How Jeff Bezos came to discover the incredible opportunities on the Internet in the early 1990s.
00:09:58 - How the regret minimization framework led Bezos to starting Amazon.
00:17:08 - How Amazon lost hundreds of millions of dollars from poor investments during the tech bubble.
00:33:28 - Amazon’s five core values.
00:46:30 - Why many companies were reluctant, yet eventually forced to work with Amazon to remain competitive.
00:47:45 - How Cost
TIP505: The Price of Time w/ Edward Chancellor
IN THIS EPISODE YOU’LL LEARN:
01:08 - Why the interest rate is putting a price on time.
14:50 - Why John Law is the most extraordinary person in the history of finance.
19:00 - The history of the first experiment of easy money by a central bank.
35:36 - Why “2% return” has caused the issues we currently see and have caused multiple other booms and busts throughout time.
39:42 - What the natural level of interest rates are.
43:46 - Why irresponsible monetary policy has an impact on creat
TIP 504: Opportunities in Energy, Metals and Mines w/ Will Thomson
IN THIS EPISODE, YOU’LL LEARN:
01:34 - How to apply probabilistic thinking when approaching investing.
14:26 - Will’s structure for the “perfect portfolio”.
32:29 - Why Uranium hasn’t performed as most hoped for in 2022.
40:11 - How the sustainable energy supply chain is struggling to achieve healthy margins.
54:58 - Assessing different types of risk including political risk.
1:00:04 - The stock pick that got Will accepted into the prestigious Value Investors Club (founded by Joel Green
BTC108: Bitcoin Retirement and Inheritance Planning w/ Jeff Vandrew and Phil Geiger (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:07 - What has been happening at Unchained Capital since the FTX blow-up?
07:13 - What are some of the most common concerns of Self-Custody?
12:47 - Why is Title and Possession such an important thing to cover with inheritance planning?
22:43 - The difference between non-probate assets versus probate assets.
28:38 - What are the risks of not properly performing inheritance planning?
30:15 - Checkbook IRA versus other methods.
39:59 - Legal and policy upd
TIP503: The Story of Airbnb and Brian Chesky
IN THIS EPISODE, YOU’LL LEARN:
04:38 - How Airbnb originally started and its keys to becoming a $60 billion company.
07:13 - Why getting into Y-Combinator was the critical turning point for Airbnb to get off the ground.
11:40 - How their transition to selling specialty breakfast food helped keep them from going bankrupt.
21:13 - Growth hacks Nate Blecharczyk used to help grow the company in the early days.
29:12 - Airbnb’s biggest hurdles and challenges to becoming a big tech player.
30
RWH018: How to be Happy w/ Tsoknyi Rinpoche & Daniel Goleman
IN THIS EPISODE, YOU’LL LEARN:
06:06 - What Tsoknyi Rinpoche learned from his extraordinary father, Tulku Urgyen Rinpoche.
21:26 - Why it helps not to suppress, judge, or resist your emotions, but to be aware of them.
24:09 - How to “handshake” painful emotional patterns that Rinpoche calls “beautiful monsters.”
26:34 - What science shows about the power of acknowledging & accepting our feelings.
36:31 - What to do when these difficult emotions feel too intense & traumatic to ha
TIP502: How to Run Your Own Private Equity Portfolio w/ Darin Soat
IN THIS EPISODE, YOU’LL LEARN:
01:30 - An overview of investment banking and private equity.
04:45 - Why you should consider allocating some of your portfolio to private equity.
07:35 - How the democratization of private equity is changing.
10:09 - How Darin got involved with Linqto and why it’s an important resource for investors.
24:30 - The mechanics of investing in private equity.
37:48 - The current environment for private equity and how billionaires like Howard Marks are navigatin
BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
05:50 - So what is the intended mission of these organizations (IMF and World Bank)?
25:16 - What is Structural Adjustment and why is the impact misunderstood?
30:17 - The story of Shrimp in Bangladesh and how it helps listeners understand Structural Adjustment.
40:25 - How and why countries that take on IMF loans are more likely to take on even more debt in the future.
44:55 - How poor countries are in essence subsidizing the abundance of rich countries w
TIP501: Investing During an Inflationary Environment
IN THIS EPISODE YOU’LL LEARN:
01:24 - What are the primary drivers of inflation in 2022.
08:34 - How different asset classes perform during inflationary time periods.
21:45 - Why gold and cash flowing real estate can give good inflation protection.
25:36 - Why TIPS can help investors hedge against inflation.
36:39 - Warren Buffett’s advice on hedging inflation.
39:57 - Clay’s intrinsic value analysis of Adobe and Microsoft.
Disclaimer: Slight discrepancies in the timestamps may occur du
TIP500: Berkshire Hathaway Shareholder's Meeting and Intrinsic Value w/ Stig Brodersen and Clay Finck
IN THIS EPISODE YOU’LL LEARN:
02:36 - What is the Berkshire Hathaway Annual Shareholder’s meeting
30:19 - How do you attend the Berkshire Hathaway Annual Shareholder’s meeting
39:16 - What is the Intrinsic Value of Berkshire Hathaway, and how do you value the company
59:54 - What is the Intrinsic Value of Apple, and how do you value the company
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mast
TIP499: Investing Through A Bear Market w/ David Gardner
IN THIS EPISODE YOU’LL LEARN:
02:42 - David’s take on the current bear market and how to keep calm.
09:14 - Assessments of Netflix.
19:02 - The new era of Amazon.
31:26 - Assessments of Meta.
36:31 - Assessments of Apple
42:56 - Assessments of Hershey.
58:59 - How David and his brother Tom navigated their own business through previous recessions that resulted in laying off over 80% of their employees at one point.
1:04:42 - How David approaches learning and teaching his family about inv
BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:14 - Paper Bitcoin and what's causing the massive sell-off.
08:52 - How Silicon Valley VC fed the "Crypto" scam.
09:51 - How much more impairment is left in the market?
14:00 - What is happening with Genesis and DCG?
26:56 - What is happening with the GBTC discount?
31:27 - What is happening with Silvergate Bank?
38:56 - ETH and OFAC Compliance.
52:56 - What is happening with Tether?
Disclaimer: Slight discrepancies in the timestamps may occur due to po
TIP498: Ray Dalio's Book - Big Debt Crises & How the Economic Machine Works
IN THIS EPISODE YOU’LL LEARN:
00:04:24 - How Dalio defines credit and debt.
00:08:55 - Why too much debt can be an issue for the global economy.
00:12:13 - The difference between the short-term and the long-term debt cycle.
00:13:02 - Why credit is the primary driver of our economy and leads to bubbles.
00:14:45 - How deflationary and inflationary deleveragings eventually resolve themselves.
00:17:11 - How we can identify a bubble.
00:31:37 - Four tools policymakers can use to handle la
RWH017: Fidelity Legend Joel Tillinghast
IN THIS EPISODE, YOU’LL LEARN:
03:07 - How Joel Tillinghast fell in love with investing as a boy of eight or nine.
07:51 - What he learned from his first investment, which he’s (so far) held for 54 years.
09:12 - Why it’s critical not to overpay, even when you’re investing in a superb business.
11:04 - How his approach differs from the strategy of another Fidelity legend, Will Danoff.
14:55 - What Joel admires about Cathie Wood.
19:20 - What he learned from a disastrous macroeconomic b
Classic 22: Life and investing w/ Mohnish Pabrai
IN THIS EPISODE YOU’LL LEARN:
01:43 - What Mohnish has learned from his friendship with Charlie Munger.
10:24 - Why and how Mohnish Pabrai uses his checklist in stock investing.
33:25 - How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing disc
BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:21 - Cory's one over the world view of everything happening after the FTX bankruptcy.
07:49 - What are the issues with "Crypto" Venture Capitalists?
07:49 - How the Crypto scam works.
10:29 - Was SBF doing unethical things?
14:44 - How could people identify such fraudulent activities in the future?
32:11 - The Library Ruling - what are the implications?
34:51 - Cory's Background and how he got into Bitcoin.
41:10 - What the Bitcoin Pacific Conference wa
TIP497: Lessons from Billionaire Howard Marks
IN THIS EPISODE YOU’LL LEARN:
00:01:50 - The biggest investing lessons from Howard’s book, The Most Important Thing.
00:03:07 - How to apply second-level thinking to our investing strategy.
00:03:44 - How psychology plays such an important role in markets.
00:07:37 - How Howard thinks about the efficiency of markets.
00:20:32 - The role market cycles play in Howard’s investment strategy.
00:23:23 - Howard’s six reasons for why investors make mistakes.
00:31:27- Why you should only inves
TIP496: Mastermind Q4 2022 w/ Tobias Carlisle and Hari Ramachandra
IN THIS EPISODE, YOU'LL LEARN:
01:16 - The mastermind group’s view on the current market conditions.
18:41 - Why Hari is bullish on Meta (Ticker: FB), and why Toby already owns the stock.
29:00 - The risks of investing in Meta.
45:02 - Why Stig has invested in Prosus (Ticker AMS: PRX) as one of the four stocks he owns.
1:04:02 - Why Toby is bull on Colgate Palmolive (Ticker: CL).
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND R
TIP495: The Changing Composition of Money w/ Alfonso Peccatiello
IN THIS EPISODE, YOU'LL LEARN:
02:09 - Why Banks are at serious risk of losing deposits.
09:25 - Why the ECB is changing its tune on monetary policy.
17:01 - The recent Fed meeting.
39:46 - The underlying risk with pension funds using interest rate swaps.
58:44 - Expectations for the current yield curve inversion.
And much, much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Com
BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:14 - What got Luke into writing profound articles around Bitcoin.
02:48 - Luke's opinions on various long-term cycles.
06:30 - The comparison to the 1930's and 40's.
06:30 - Thoughts on wealth inequality.
17:15 - Historical Inflation Tipping Points.
23:52 - Currency wars and where we are in that dynamic.
29:04 - The quandary of Government treasuries potentially running out of buyers for their bonds.
29:04 - How the growth in stable coins actually demons
TIP494: The Worldly Wisdom of Charlie Munger
IN THIS EPISODE, YOU’LL LEARN:
05:54 - How Warren Buffett and Charlie Munger met.
07:07 - Why it’s important to embrace lifelong learning.
09:27) - Why Charlie Munger uses mental models to think and invest.
00:15:53 - How Charlie Munger changed Buffett’s investing strategy.
20:47 - Why we should continuously challenge and reexamine our worldview.
29:22) - Why Munger concentrates his personal investment portfolio.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcas
RWH016: The Best Of The Best w/ François Rochon
IN THIS EPISODE, YOU’LL LEARN:
02:51 - How François Rochon began his market-beating investment journey three decades ago.
08:12 - How the “margin of safety” concept guides him in business, markets, & life.
10:14 - How to succeed by investing in great companies at reasonable valuations.
12:12 - Why it’s critical for investors to have a long time horizon.
15:37 - How to become a better investor by cultivating humility & preparing for disappointment.
16:48 - What he learned from Wa
TIP493: Should CEOs Have Term Limits? w/ Bill George
IN THIS EPISODE, YOU'LL LEARN:
17:01 - Bill’s early crucibles that helped him evolve into an empathetic leader.
30:25 - How to find your own True North and how to determine whether a company's leader is following their own.
27:26 - How Bill took Medtronic to $60B while cultivating an inclusive culture.
34:25- Why Bill set a 10-year term limit for his time at Medtronic.
37:12 - CEO’s that handled the pandemic the right way including Satya Nadella of Microsoft, Mary Barra of GM, Corie Ba
BTC103: Bitcoin Policy Update w/ Jason Brett (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:04 - A recap of the Lummis Gillibrand Bill.
05:32 - What is the Digital Commodities Consumer Protection Act of 2022 (DCCPA)?
05:32 - Who's trying to make the DCCPA happen?
17:21 - What are the implications of the DCCPA if passed?
28:17 - A walk through of the White House Climate and Energy Implication of Crypto-Assets in the United States.
52:12 - What are the three rules the White House is operating off-of when it comes to digital assets?
52:12 - Impli
TIP492: The Best Investor You've Never Heard of
IN THIS EPISODE, YOU'LL LEARN:
00:38:03 - Nick Sleep’s investment philosophy and how he was able to outperform the market from over his fund's tenure.
00:06:02 - Why Sleep bet big on Amazon and Costco in the early years of his fund.
00:14:54 - What fundamentally set Amazon and Costco apart from all other companies.
00:15:33 - Sleep’s ideas related to portfolio management and portfolio diversification.
00:23:14 - How Sleep uses Destination Analysis in selecting investment opportunities.
TIP491: Macro and the Energy Market w/ Lyn Alden
IN THIS EPISODE, YOU'LL LEARN:
01:38 - Why top-line growth was more important than profits in the prior decade for US shale producers.
05:37 - Why we have a boom and bust cycle in the oil market.
15:31 - Lyn’s thoughts on Warren Buffett’s investments in Chevron and Occidental Petroleum.
22:40 - What the OPEC+ cut mean for the oil market.
22:55 - What can the west do to lower the price of oil.
32:36 - Whether inflation can be fixed without fixing the energy markets.
38:47 - What happens
TIP490: Lessons from Home Depot, Sam Walton and giving away $2 Billion w/ Billionaire Bernie Marcus
IN THIS EPISODE, YOU'LL LEARN:
08:06 - How today’s economy compared to the early eighties when Bernie was co-founding Home Depot.
14:11 - Bernie’s early jobs as a waiter, comedian, and even hypnotist.
37:15 - Bernie’s take on ESG, given that Home Depot, won the Most Socially Responsible Company award the year he retired
40:02 - What it was like to travel around and sharing business tips with Sam Walton.
54:11 - Lessons from philanthropic efforts in integrative medicine and the Georgia A
BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:13 - Austin Mitchell's Background and research in the energy sector.
10:40 - What problems do energy companies currently deal with that Bitcoin can potentially solve?
31:08 - What does the potential future with Bitcoin look like with energy companies?
35:13 - How does the lightning network offer solutions in the energy sector?
36:35 - Use cases and specific problems around the world where Bitcoin is currently offering a solution.
48:02 - What is his com
TIP489: Intrinsic Value Analysis of Dollar General & Apple
IN THIS EPISODE, YOU'LL LEARN:
06:31: - The opportunities and risks of investing in Dollar General & Apple.
07:34 - Clay’s assessment of the intrinsic value of Dollar General & Apple.
08:55 - What Dollar General’s catalysts for future growth will be, and why their growth may just be getting started.
17:55 - Why Dollar General should weather through a recession relatively well.
31:01 - Why Warren Buffett loves Apple as an investment, and why it is his largest stock position.
35:4
TIP488: Current Market Conditions W/ Richard Duncan
IN THIS EPISODE, YOU’LL LEARN:
02:41 - Where the economy is heading, now that credit growth has been reversed.
07:29 - The steep decline in the treasury markets around the world and what’s driving it.
14:09 - England's pension plan fiasco.
29:23 - Why the FED’s net income has turned negative for the first time ever and how it can be reversed if politicians understand the mechanics Richard lays out.
59:14 - The $280B Chips & Science Act that was recently signed into law.
And much, mu
BTC101: 4th Quarter Macro Overview w/ Luke Gromen (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:22 - What is happening between the United States and China with chip manufacturing?
04:55 - Is the FED being weaponized against Russia and China?
23:11 - What should people expect in the energy sector moving forward?
29:54 - Zoltan Pozsar's quote about commodity-backed money.
31:36 - Who's actually buying UST right now?
35:18 - What triggers the next big FED Pivot?
47:24 - What happens in US Real Estate with 30 year loans currently at 7.22% fixed.
48:25
TIP487: Warren Buffett’s 12 Investment Principles (with a Case Study)
IN THIS EPISODE, YOU'LL LEARN:
02:30 - What Warren Buffett’s 12 investment principles are.
08:26 - Why Buffett has largely avoided technology companies over his career.
14:07 - Why Buffett loves companies that repurchase shares.
28:32 - Tips that Buffett shares to help us assess a management team.
31:02 - How to calculate the intrinsic value of a company.
37:50 - Why investing psychology is critical to understand.
51:36 -How Coca-Cola fit perfectly into these 12 principles.
Disclaimer:
TIP486: Macro Investing w/ Cullen Roche
IN THIS EPISODE, YOU’LL LEARN:
01:22 - Why and how do we need to understand the macro environment when we invest
07:18 - Why we should think of the economy as we think of the human body
19:02 - Why the traditional buy-and-hold equity strategy is flawed
26:20 - Why a house we live in is typically not a good investment
35:16 - How has the stock market performed after inflation and taxes?
40:38 - Why investors are not globally diversified when they invest in the S&P500
48:27 - Why bon
TIP485: Market Updates, Ray Dalio Retiring, Elon Buying Twitter and Elemental Power w/ Josh Wolfe
IN THIS EPISODE, YOU’LL LEARN:
03:40 - Why Josh believes we are at an Entropic Apex in the current markets.
06:14 - His beliefs around peace through strength and why he backed billionaire Palmer Luckey’s new defense startup, Andruil.
27:06 - Why Stan Druckenmiller invested in Lux early on, alongside Bill Conway, the billionaire co-founder of the Carlyle Group.
41:38 - Josh’s belief that we should rebrand sustainable energy to Elemental Power and include nuclear.
54:58 - Josh’s entrepre
BTC100: Jeff Booth On Finding Bitcoin's Signal In A Noisy World (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:20 - Jeff's first principles overview of energy, money, and resource optimization.
12:42 - Why is the adoption of Bitcoin bottom up and not top down?
15:41 - A system of growing misinformation and why.
25:47 - Why are open protocols so difficult to understand?
32:29 - What is the blockchain Trilemma?
40:12 - Why is decentralization combined with security for the first time such a big deal?
50:46 - Jeff's opinion on why energy must be inserted into money
TIP484: How Warren Buffett Became the Greatest Investor to Ever Live (Part 2)
IN THIS EPISODE, YOU'LL LEARN:
02:49 - How Buffett came around to purchasing Geico.
07:45 - Why Buffett’s reputation helped him get a fantastic deal on Nebraska Furniture Mart.
10:33 - Why the efficient market hypothesis is partially false.
12:13 - How Salomon Brothers nearly destroyed Buffett’s reputation.
26:35 - How Berkshire Hathaway faired through the 1999 tech bubble.
43:23 - How Buffett foresaw the calamity to occur in 2007/2008 great financial crisis.
51:20 - Why Berkshire’s pur
RWH015: Betting Better in Markets & Life w/ Annie Duke
IN THIS EPISODE, YOU’LL LEARN:
12:49 - How Annie Duke got sick, quit academia, & became a professional poker player.
18:24 - How poker taught her to “embrace uncertainty” & recognize the limits of what we know.
27:26 - How a legendary poker champion taught her to think more rationally about luck & loss.
37:45 - Why it’s important to think probabilistically—and how to strengthen this skill.
41:49 - How Annie helped a venture capital firm to improve its decision-making process
TIP483: Down But Not Out w/ Cathie Wood
IN THIS EPISODE, YOU’LL LEARN:
06:22 - The recent bids on CDS through Credit Suisse, Deutsche Bank and others.
15:09 - Why Cathie recently stepped down as portfolio manager for 2 of ARKs ETFs.
23:30 - Cathie’s belief that we will experience a deflationary surprise, which could reverse the FED’s current plan of action.
26:33 - Cathie’s thoughts on energy, unemployment numbers and other market indicators.
34:58 - An updated view on Bitcoin, Microstrategy and Coinbase.
46:37 - ARKS new ven
BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:48 - Why does Michael believe that if the money isn't scarce, every desirable good on the planet will become scarce?
09:25 - What is irrational urgency and why does it exist with a fiat system?
21:07 - Is it possible to not inject energy into money and keep it sound?
30:41 - Why do so many people miscalculate how much energy Bitcoin will use in the future?
38:19 - Why is it so hard for people to wrap their head around Bitcoin mining in general?
44:53 -
TIP482: How Warren Buffett Became the Greatest Investor to Ever Live (Part 1)
IN THIS EPISODE, YOU’LL LEARN:
00:08:46 - Who the key figures were in Buffett’s development as an investor.
00:09:58 - Benjamin Graham’s definition of an investment.
00:10:21 - What it means to invest with a margin of safety.
00:22:23 - What cigar butt companies are and how they made Warren a fortune.
00:28:59 - How Charlie Munger helped shape Warren’s investment approach.
00:44:29 - Why Buffett loved the insurance business.
00:45:57 - How Warren Buffett’s investment partnership achieve
TIP481: Our Finances w/ Stig Brodersen and Clay Finck (Part 2)
IN THIS EPISODE, YOU’LL LEARN:
01:46 - How and why did Trey and William get hired?
12:52 - What the business model of The Investor’s Podcast Network is.
15:11 - What the Free Cash Flow is of The Investor’s Podcast Network.
23:47 - How potential buyers have been approaching the Investor’s Podcast Network.
30:23 - Why The Investor’s Podcast Network is not optimizing for profit but happiness on the team.
30:24 - Whether any price would be so high that The Investor’s Podcast Network would b
TIP481: Our Story w/ Stig Brodersen and Clay Finck (Part 1)
IN THIS EPISODE, YOU’LL LEARN:
01:48 - How Stig and Preston met and why they started The Investor’s Podcast together.
10:05 - When did Stig and Preston know that the podcast would be successful.
19:33 - What the pivotal moments were along the way.
25:28 - What is the relationship between Stig and Preston today.
37:50 - Why was the bitcoin show not set up in a separate podcast feed.
40:40 - What is the mission and vision of The Investor’s Podcast Network.
50:49 - Why is The Investor’s P
TIP480: Why Microcaps Have The Best YTD Performance w/ Ian Cassel
IN THIS EPISODE, YOU’LL LEARN:
01:34 - Some reasons why microcaps are outperforming some of the larger cap segments.
05:46 - How Ian compares the current market to 2008.
14:22 - Risks and opportunities appearing as interest rates move higher.
25:13 - Private Equities' recent interest in public markets.
35:50 - Some strategies and stock ideas from the recent Summit.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RE
BTC098: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:58 - Why are property rights an important starting point for understanding the differences between Proof of Work (PoW) and Proof of Stake (PoS)?
07:41 - What is Abstract Power versus Physical Power and why are they important for understanding PoS Vs PoW?
20:45 - Why do the rules around property rights keep breaking down throughout time?
40:45 - Explain the importance of basic computer science and how computer programs work so we can understand the diffe
RWH014: The Resilient Investor w/ Matthew McLennan
William chats with Matthew McLennan about how to achieve resilient wealth creation, which is a central focus of William's book “Richer, Wiser, Happier." This interview was recorded on August 30, 2022.IN THIS EPISODE, YOU'LL LEARN:
02:36 - How Matthew McLennan grew up off the grid without electricity or hot running water.
12:56 - What he learned as a money manager at Goldman Sachs during the dotcom bubble.
15:57 - Why investors should try to emulate the patient, selective mindset of gar
TIP479: How to Invest w/ David Rubenstein
IN THIS EPISODE, YOU'LL LEARN:
00:03:06 - David’s current thoughts on market headlines surrounding the war in Ukraine and Russia’s chokehold on energy.
00:24:52 - David’s thoughts on the current fundraising environment.
00:32:27 - How David built Carlyle into a global PE institution.
00:36:48 - David’s early career in politics and how it led him to PE.
00:56:41 - How David approaches philanthropy.
01:01:51 - The current state of higher education and ESG policies.
*Disclaimer: Slight tim
BTC097: Central Bank Digital Currencies Vs Bitcoin w/ Sam Callahan (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:21 - Sam's comments on the WEF's excitement for ETH's Proof of Stake Merge.
12:09 - Sam's overview on CBDC.
12:46 - Why Sam has concerns about what CBDC's will take away from everyday citizens.
38:40 - How Sam thinks CBDC will be implemented around the world.
47:22 - Sam explains the history of the ECB and the challenges it faces with the emerging energy crisis.
01:05:54 - What is the most important thing happening right now in markets that you think ma
TIP478: Market Cycle Masterclass w/ David Stein
IN THIS EPISODE, YOU’LL LEARN:
01:10 - Why we have cycles.
02:11 - What the credit cycle is.
09:16 - How are cycles interrelated.
11:53 - Where we are in the real estate cycle.
17:55 - Where we are right now in the cycle.
25:35 - How adjusting risk to your portfolio depends on the market cycle.
31:02 - Why junk bonds might be a good investment depends on the credit cycle.
36:10 - Which questions to ask an asset manager.
39:32 - How to evaluate a track record.
50:50 - Why assets managers
TIP477: Recession Proof Your Portfolio With Farmland w/ Artem Milinchuk
IN THIS EPISODE, YOU’LL LEARN:
09:05 - How Farmland is a great hedge against both inflation and recessions.
15:41 - Why Bill Gates is the largest private owner of farmland with nearly 270,000 acres.
22:08 - Which commodities are optimal.
26:17 - How to assess a Farmland deal.
31:48 - Why Artem prioritizes US farmland.
40:34 - Where farmland should sit in a portfolio.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND
BTC096: Fractional Reserve Banking Vs Bitcoin w/ Mike Stroup (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:22 - The numbers around federal interest expense and rising interest rates.
23:58 - Mike's thoughts on the broad money supply being the best way to measure inflation.
28:36 - A comparison between now and 2007.
34:51 - Explaining reverse repo in a simplified way.
47:23 - How do countries use reserve to defend a currency and does the countries size matter?
48:07 - Why currency spreads are making it hard to service dollar denominated debts.
54:47 - Is this
RWH013: Move Slow, Win Big W/ Thomas Russo
IN THIS EPISODE, YOU’LL LEARN:
02:17 - What Tom Russo learned from a life-changing encounter with Warren Buffett in 1982.
09:53 - Why “agency” cost is one of the greatest risks facing all investors.
14:02 - Why Tom favors companies that willingly endure pain today for gain tomorrow.
16:02 - How he rode Berkshire Hathaway from $900 to more than $430,000 per share.
21:08 - Why Buffett’s team of successors should do fine when Berkshire is in their hands.
27:17 - What Tom learned while work
TIP476: How to Value Companies like Alphabet, AXON and FIGS w/ Brian Feroldi
IN THIS EPISODE, YOU’LL LEARN:
01:53 - How and when to apply metrics like P/E, P/GM and P/S depending on a company's stage in its lifecycle
12:17 - Brian’s most important attribute when valuing a company
15:22 - The difference between real moats and fake moats
27:51 - When to emphasize valuation and when not to
37:12 - Brian’s assessments of Alphabet, FIGS & AXON
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND
BTC095: Bitcoin Time Stamping w/ Pierre Rochard (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:29 - What is time stamping?
11:24 - Is Bitcoin a decentralized clock?
24:50 - Why is time keeping so important to Bitcoin?
51:45 - What does Pierre think about the big SEC announcement about exchanges regulating coins?
59:31 - Why is Bitcoin not performing like an inflation hedge against CPI?
01:10:34 - Correlation to traditional markets.
01:22:47 - When will all retirement accounts start offering Bitcoin?
01:25:54 - Transaction fees.
*Disclaimer: Sligh
TIP475: Mastermind Q3 2022 w/ Tobias Carlisle
IN THIS EPISODE, YOU’LL LEARN:
01:25 - Why Stig is bullish on the small-cap company North Media A/S. (Ticker: K9041B139)
35:46 - Why Stig just bought Prosus (Ticker in the US: | Ticker in Europe: PRX) as one of his four stocks in his portfolio.
45:37 - Why Tobias is bullish on First American Financial. (Ticker: FAF)
50:46 - What the patterns typically is for a bear market.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join
TIP474: Building 4 Unicorn Companies with Celebrity Partners W/ Brian Lee
IN THIS EPISODE, YOU’LL LEARN:
07:31 - How Brian and team bootstrapped LegalZoom into the behemoth it is today.
12:17 - How Brian convinced Robert Shapiro to partner with him.
33:12 - ShoeDazzle with Kim Kardashian.
35:38 - How they launched The Honest Company to $160M in revenue in year 2.
43:33 - The secret sauce behind celebrity partnerships.
50:00 - Why he’s building a new company around baseball cards.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due
BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:24 - What inspired Phil to write the book?
04:33 - How much of Satoshi's writings were not included in the book?
12:16 - What was Satoshi's greatest gift?
12:16 - What was one of the most interesting things Phil uncovered from reading all his writings?
25:03 - What are Phil's theories on who Satoshi was?
28:03 - What does Phil think of Satoshi's strange grammar and sentence structure?
33:26 - Any good orange pilling stories?
38:37 - Gold Versus Bitcoin.
Classic 21: Inflation or Deflation w/ Jeff Booth
IN THIS EPISODE, YOU’LL LEARN:
06:42 - Why we have too much debt and not enough growth in the world.
07:36 - Why technology is a massive deflationary.
23:15 - Why we need monetary policies deflation on a global scale
30:22 - Why we won’t have a new Bretton Woods
40:57 - Why and how to invest in businesses that have the best networking effect
1:05:59 - Ask The Investors: What does the low-interest rate mean to us as consumers?
*Disclaimer: Slight timestamp discrepancies may occur due to
TIP473: Using Volatility to Hedge Against Inflation W/ Nancy Davis
IN THIS EPISODE, YOU’LL LEARN:
01:45 - Nancy’s predictions on the forward guidance from the most recent FED meeting in Jackson Hole, which was kicking off at the time of this recording.
05:59 - What Nancy watches to determine if inflation has peaked.
09:42 - Which indicators does Nancy pay the most attention to.
11:08 - How to use the volatility markets to hedge against inflation.
25:28 - The basics of bond convexity.
27:36 - Opportunities for when inflation and interest rates move towa
BTC093: The Debt Spiral Defined w/ James Lavish (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:43 - What is a debt spiral and is the US currently experiencing one?
11:24 - Why are there so many additional treasuries beyond what was expected in the 3rd quarter 2022?
13:30 - What can the FED do from here?
18:52 - What is the Supplementary Leverage Ratio (SLR) and why's it important?
27:59 - Europe this winter - what's about to happen?
33:09 - Zombie Companies.
37:19 - What are institutional investors waiting for when it comes to Bitcoin?
55:09 - Wh
TIP472: Inflation Masterclass continued W/ Cullen Roche
IN THIS EPISODE, YOU’LL LEARN:
01:20 - Why inflation will be moderate in the coming years.
08:44 - Why deflation is more likely than hyperinflation.
16:46 - Whether velocity of money is important for inflation.
25:22 - Whether a negative budget balance leads to inflation.
33:38 - How do you include inflation expectations in your retirement portfolio.
47:42 - What the optimal inflation or deflationary target is.
55:42 - What would a deflationary world look like?
1:00:09 - Whether we are
BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:10 - What is happening between the energy sector and the Bitcoin mining space?
09:00 - Regulator capture with Ethereum.
13:48 - Has Bitcoin reached a tipping point with energy and mining being interlinked?
24:26 - Blackrock endorsing Bitcoin as ESG compliant.
26:06 - Parker's concerns with ESG in general.
37:49 - Taking custody of Bitcoin and why it's so important to its role in the future.
40:31 - Unchained offering final settlement to a person's perso
RWH012: Fear the Fed w/ Jim Grant
IN THIS EPISODE, YOU’LL LEARN:
18:35 - How the Great Inflation of 1965-81 shaped Jim Grant’s views on our current predicament.
25:31 - How history shows us that human behavior around money has never really changed.
30:50 - Why it’s futile to forecast interest rates, but wise to know what’s happened in the past.
42:53 - How the Federal Reserve sparked rampant inflation, why it’s scary, & how to deal with it.
55:16 - How central bankers illustrate the perils of overconfidence & t
TIP470: How to Leverage Information to Serve You Best w/ Ross Dawson
IN THIS EPISODE, YOU’LL LEARN:
13:57 - The different levels of attention and focus and how to harness the one you need at any given time.
27:57 - Frameworks that connect information into meaningful patterns to build deep knowledge and insight.
33:23 - Why the best investors are masters of synthesizing these principles and leveraging information productivity.
41:08 - How to ensure the information you consume is serving you best.
1:04:27 - Which industries Ross believes will generate the
BTC091 (Part 2): Bitcoin Mastermind Group 3Q 2022 w / Jay Gould, Jeff Ross, and Joe Carlasare
IN THIS EPISODE, YOU’LL LEARN:
00:43 - Eurodollar features.
06:29 - Is the inversion in the yield curve going to keep persisting, does it matter?
08:56 - What going on in China right now?
08:56 - What's the impact on the real estate markets moving forward?
10:35 - US Dollar chart.
15:33 - Oil and gas charts.
24:26 - Household Pulse Plots Figure .
32:15 - What will things look like by the fourth quarter (around the horn)?
43:35 - Is record low unemployment important for determining peak
BTC091 (Part 1): Bitcoin Mastermind Group 3Q 2022 w / Jay Gould, Jeff Ross, and Joe Carlasare
IN THIS EPISODE, YOU’LL LEARN:
01:06 - How things have matured in the markets since the previous quarter.
05:08 - Unemployment chart.
09:16 - What's truly driving the markets in the 3rd quarter?
16:09 - Are we seeing buying exhaustion?
57:10 - Margin debt.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the oth
TIP469: Would Warren Buffett invest in venture capital? W/ Kiyan Zandiyeh
IN THIS EPISODE, YOU’LL LEARN:
01:14 - What we can learn from Warren Buffett that can be implied in venture capital.
04:09 - Why emerging markets and frontier markets generate superior returns.
10:59 - What value add can a good investor bring to the table.
36:05 - How to measure and validate the returns of venture capital companies.
43:39 - What impact investing is.
1:04:23 - How to identify the right team to lead a company.
*Disclaimer: Slight timestamp discrepancies may occur due to p
TIP468: Why Buffett is Investing in Oil Companies W/ Josh Young
IN THIS EPISODE, YOU’LL LEARN:
03:15 - Why the price of oil has been experiencing 30% swings in Q2.
07:23 - How the war between Russia and Ukraine has been affecting the oil and gas markets.
26:50 - How interest rates continue to climb could affect the supply and demand of oil.
31:06 - Recession risks for oil and why some smaller producers are experiencing very low valuation multiples.
53:39 - Why Buffett’s Berkshire Hathaway has now invested $26B into Chevron and $13B into Occidental a
BTC090: Risk Free Rates on Bitcoin's Lightning Network w/ Joe Consorti (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:05 - What is the Time Value of Lightning?
14:14 - Where Joe thinks rates go on the lightning network.
19:57 - What are Joe's thoughts on leverage w/ companies like Luna, 3AC and others?
42:11 - Is the bear market seeing signs of exhaustion?
37:19 - What Rates lead the dance?
57:01 - What actually drives the Bitcoin cycles?
57:01 - What is his fair value confluence model?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform diffe
TIP467: The King of AirBNB w/ Robert Abasolo
IN THIS EPISODE, YOU’LL LEARN:
09:28 - Rob's personal journey.
14:31 - The basics of house hacking, rental arbitrage, AirBNBs, land hacking, and other strategies.
28:26 - How to automate nearly all of the required AirBNB Host tasks.
33:28 - What characteristics make up a great rental property.
36:27 - The pros and cons of real estate versus other rentals like RVs and Turo cars.
51:12 - How to get started even without a large down payment.
And a whole lot more!
*Disclaimer: Slight timest
BTC089: European Fragmentation Policy & Mounting Global Pressures w/ Alf Pecca (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:34 - Alf's thoughts on the EU's Anti Fragmentation policy tool.
08:07 - Is Europe next for Yield Curve Control?
15:36 - What the CDS market is telling the world.
24:28 - Is Italy going to be the next Cyprus?
34:31 - Will the 10Y treasury make new lows on its yield?
39:24 - Alf's thoughts on the Eurodollar impact on global decisions versus local US decisions.
49:32 - Alf's thoughts on Chinese Real Estate crisis.
01:07:03 - Alf's thoughts on Bitcoin.
*Dis
Classic 20: Our Interview with Tony Robbins
IN THIS EPISODE, YOU’LL LEARN:
13:13 - Why business and life are all about adding value.
25:08 - Why investors in 401(k) plans put up 100% of the capital, take on 100% of the risk, and only 33% of the return.
51:26 - Why you should plant your seeds when you have nothing, to gain abundance in business and life.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful s
TIP466: The Bear Has Arrived w/ Jeremy Grantham
IN THIS EPISODE, YOU’LL LEARN:
01:44 - Where Jeremy thinks we’ll go from here!
06:10 - Why he believes rates will climb higher for longer.
14:27 - How today’s market and economy may start to resemble the stagflation of the 1970s and 80s.
29:03 - Why important resources are in short supply.
42:29 - The best technologies fighting climate change.
1:01:17 - The risk in Emerging and other markets outside of the US.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur d
BTC088: FED Policy, Bitcoin ETFs, & Euro Dollar Impacts w/ Steven McClurg (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:48 - Steven's quick lesson on the bond market.
07:17 - How should people think about the securitization of lending?
14:20 - How banks are dependent on credit duration on their balance sheet.
24:53 - Steven's opinions on what to expect from the FED.
35:42 - Steven's thoughts on oil moving forward.
37:52 - At what point does the FED have to reverse course?
41:45 - Steven's thoughts on the inverted bond yield curve.
48:48 - Why are we seeing banks starting
RWH011: The Emotionally Intelligent Investor w/ Daniel Goleman
IN THIS EPISODE, YOU’LL LEARN:
03:58 - How a famed Harvard psychologist inspired Daniel Goleman to study high performance.
07:00 - How spiritual teachers like Ram Dass and Neem Karoli Baba led him to study meditation.
12:35 - What neuroscientists have discovered about the impact of meditation on the brain.
20:36 - How self-awareness helps us to manage our emotions and stay “balanced” amid chaos.
23:05 - How to become more keenly aware of our fear and anxiety, so we can recover faster.
2
TIP465: Value Investing in the Digital Age w/ Adam Seessel
IN THIS EPISODE, YOU’LL LEARN:
01:49 - Why Billionaire Bill Ackman says Adam’s new book is one of the best investing book he’s read in years.
10:18 - Adam’s Business, Management, and Price (or BMP) checklist.
14:33 - Why value investors should reconsider investing in high-growth tech companies.
34:23 - Why Generally Accepted Accounting Principles (or GAAP) do an injustice for tech companies.
38:38 - The concept of “Earnings Power” and how it changes the Net Present Value.
49:36 - How to
BTC087: Bitcoin Fedimint - A Decentralized Custody Protocol w/ Obi Nwosu (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:26 - How Obi became familiar with Bitcoin.
13:39 - What Obi learned from running a major exchange for 8 years.
21:02 - Things people should look for when selecting an exchange.
27:44 - How Obi became a board member with Jay-Z and Jack Dorsey.
37:15 - What is the Fedimint Protocol?
51:41 - What is a federation and how does it work?
55:28 - How inventions in the 80's are now finally being put into application 40 years later.
01:06:15 - How Fedimint can be
Classic 19: Billionaire Reid Hoffman Lessons Learned
IN THIS EPISODE, YOU’LL LEARN:
01:06 - What is the secret to the success of Silicon Valley?
03:40 - How to manage a company that is growing at 2.5% – per day!
19:54 - How to use your network to find new job opportunities.
26:11 - Why financing and distribution is just as important as the product you are selling.
40:17 - Ask The Investor’s Podcast: How do I value fast growing unlisted companies?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOO
TIP464: The Billionaire Coach's Playbook W/ Matt Spielman
IN THIS EPISODE, YOU’LL LEARN:
01:55 - Matt’s experience interacting with Bill Campell, the Trillion Dollar Coach in the eponymously named book.
03:46 - What billionaires are often looking for when seeking out a coach.
07:36 - Why Matt decided to go back to school before becoming a coach, even though he had a highly pedigreed resume.
23:56 - A framework for determining when it makes sense to follow your passion and how Matt defines success.
28:28 - What coaching is and what it is not.
4
BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:21 - Why it's so hard for businesses to operate in this environment.
08:01 - His thoughts on the CDS for banks right now.
10:55 - How do things unfold in Europe?
22:39 - Future manipulating the spot Bitcoin Price.
32:27 - More QE.
37:45 - Does Larry see the economy starting to get deflationary any time soon?
42:39 - What does Russia want and what's their end game?
49:43 - At what point does the bond market preemptively stop believing the FED can normali
RWH010: High-Performance Habits w/ Guy Spier (Part 2)
IN THIS EPISODE, YOU'LL LEARN:
00:02:04 - How Guy Spier deals with the many competing demands on his time and energy.
00:03:07 - Why it’s vital to have clarity about your life mission and to structure your life around it.
00:09:00 - Why it’s helpful to write your own obituary or funeral speech.
00:09:59 - What strategies help Guy to focus better and handle the challenge of having ADHD.
00:11:53 - How to construct an environment that enables you to think calmly and deeply.
00:26:22 - How
RWH009: How to Build Enduring Wealth w/ Guy Spier (Part 1)
IN THIS EPISODE, YOU'LL LEARN:
00:03:02 - How Guy Spier’s ancestors lost their family fortune and became refugees in the 1930s.
00:11:41 - How Guy was shaped by this story and embarked on a quest to restore their lost fortune.
00:24:20 - Why investors need to recognize that nothing is stable and everything changes.
00:28:12 - Why Guy settled in Switzerland and why he worries about the future of the U.S.
00:35:34 - Why he doesn’t like Bitcoin or gold, preferring to own “productive assets
TIP463: Investing for Profit and Joy w/ Howard Lindzon
IN THIS EPISODE, YOU’LL LEARN:
05:29 - Why Howard thinks the stock market is rigged.
08:07 - How to treat investing and business like a game.
20:20 - Why you should invest in companies you know and love, much like the style of Peter Lynch.
23:54 - Howard’s 8 & 80 rule.
44:15 - Social Leverage
45:03 - How to create a network of brilliant people.
46:39 - How to cultivate joy in investing.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platfo
BTC085: Sven Henrich on the Central Banker's Dilemma (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:18 - How Sven sees the current macro set-up.
10:18 - Will the central banks keep tightening until something breaks?
21:35 - What will the next round of stimulus look like from a size standpoint?
25:31 - Why have the rates come up so quickly and is that the reason why nothing has broken yet?
39:57 - Sven's thoughts on technical analysis.
50:53 - Why did Sven change his mind about Bitcoin?
*Disclaimer: Slight timestamp discrepancies may occur due to podca
TIP462: What is money? w/ Lyn Alden
IN THIS EPISODE, YOU’LL LEARN:
01:11 - What is the cause and effects of falling empires and debasement of currencies.
11:09 - Why the hardest money does not always win.
17:08 - The problem with commodity money.
24:21 - The relationship between fiat currencies and warfare.
30:49 - What the Tiffin dilemma is, and how it’s relevant today.
37:52 - Why Japan's macro situation is distinctly different than what will happen in the US and Europe in the years to come.
46:07 - Why the Bank of J
TIP461: The Next Investing Revolution w/ Jim O'Shaughnessy
IN THIS EPISODE, YOU’LL LEARN:
02:00 - The 4 horsemen of the investing apocalypse, according to Jim.
12:01 - How and why certain factors change over time.
18:27 - The best approach to using discounted cash flow models.
26:32 - Whether or not GDP and therefore Market Cap to GDP ratios are still relevant value indicators.
59:30 - How Jim built OSAM and why he decided to ultimately sell.
1:07:54 - What Jim learned from his highly successful and philanthropic grandfather.
And a whole lot mo
BTC084: Japanese Yield Curve Control, Oil, & Bitcoin Macro w/ James Lavish (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:20 - What in the world is happening with the Japanese Yield Curve Control?
15:12 - James' thoughts on Risk Happening Fast (Luna, 3AC, Celsius).
27:57 - Frequencies of settlement.
32:07 - Are monetary policy-makers wagging the tail of politicians?
34:07 - At what speed is this current cycle going to play out?
35:29 - Has inflation peaked?
42:49 - Recent statements by FED Chair Powell.
49:47 - The battle between producer states and consumer states.
01:09:
Classic 18: Made in America
IN THIS EPISODE, YOU’LL LEARN:
01:35 - Sam Walton’s 10 pieces of advice for building a successful business.
05:35 - What Amazon learned from Walmart.
28:29 - Why it is a big problem if your team is not complaining.
38:43 - Ask the Investors: Are Warren and Charlie the competitive advantage of Berkshire Hathaway?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful
TIP460: Investing the Sir John Templeton Way w/ Lauren Templeton
IN THIS EPISODE, YOU'LL LEARN:
10:14 - How he pioneered the idea of behavioral finance by living it.
12:32 - The highlights of Sir John Templeton’s career.
35:00 - What led John to become Sir John.
38:20 - How Lauren’s fund has evolved since it was first funded by Sir John.
52:42 - Lauren’s thoughts on nature vs nurture, having grown up in a family of famous investors.
1:01:00 - How to invest at the time of optimum pessimism and if we are there today.
And a whole lot more!
*Disclaimer
TIP459: The Equation for a Meaningful Life w/ Vitaliy Katsenelson
IN THIS EPISODE, YOU'LL LEARN:
02:03 - How Vitaliy is thinking through today’s market.
21:06 - When active value investing is too active.
31:50 - How to develop better habits.
40:24 - What Vitaliy has learned from Stoicism.
55:59 - How honing your art and craft is essential for investing and other areas of life.
59:48 - What we can learn from classical composers as well as painters such as Van Gogh.
01:08:34 - The equation for a meaningful life.
And a whole lot more!
*Disclaimer: Sligh
BTC083: Jack Dorsey’s Decentralized Identity Network w/ Pablo Fernandez (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:20 - How Pablo found Bitcoin after two decades as a software developer.
07:15 - Jack Dorsey's Web 5 announcement - what is it?
08:32 - A deep dive into decentralized identity and data storage over the lightning network.
28:36 - What his general thoughts are on the lightning network.
36:57 - What are some of the biggest misunderstandings in development?
41:22 - What are your thoughts on the decentralization of the lightning network?
49:34 - Do you see a
Classic 17: Smarter, Faster, Better By Charles Duhigg
IN THIS EPISODE, YOU'LL LEARN:
03:13 - Why control is the key to motivating people.
08:11 - How do you form the best teams?
22:02 - Why GE is setting both SMART goals and strength goals.
29:17 - How to statistically make the best decisions.
41:41 - Ask the Investors: How diversified should I be when my portfolio is my net worth?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to e
TIP458: Why Billionaire Charles Schwab Invested in Kalshi w/ Luana Lopes Lara
IN THIS EPISODE, YOU'LL LEARN:
01:30 - What Kalshi is and why it’s a very unique company.
02:36 - How events trading works.
03:18 - What it took to get Kalshi approved by the Commodity Futures Trading Commission (or CFTC) - the first company of its kind to do so.
42:57 - Why Billionaire Charles Schwab personally invested in the company.
53:01 - Why Luana and her cofounder Tarik decided to create the company.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur d
TIP457: Why the Dollar Is Not Collapsing w/ Jeffrey Snider
IN THIS EPISODE, YOU'LL LEARN:
02:14 - What the Eurodollar is exactly.
06:32 - What the Petrodollar is and why Jeffrey thinks it’s illusory.
13:59 - How the global monetary system actually works, according to Jeffrey’s research.
38:00 - Why the Russian Ruble is rising, despite being cut off from the swift system.
42:19 - Why the dollar continues to rise.
49:06 - What Zoltan Pozsar gets wrong in his latest report.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occ
BTC082: The Senator Lummis & Gillibrand Digital Asset Bill w/ Jason Brett & Tyler Lindholm (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:23 - How Tyler worked on some of the digital asset laws in Wyoming.
05:34 - How did some of those laws in Wyoming work their way into the federal bill?
15:29 - What were some of the objectives of the Bill to keep it focused on the right areas?
16:55 - Why Proof of Work and Proof of Stake is not discussed in the Bill.
17:10 - Enabling Versus Disabling legislation.
41:25 - How was the Luna melt-down discussed in Congress?
46:34 - How the Responsible Consu
RWH008: Playing to Win w/ Investing Guru Mohnish Pabrai
IN THIS EPISODE, YOU’LL LEARN
00:02:41 - How an introduction from Warren Buffett led to Mohnish’s friendship with Charlie Munger.
00:04:46 - What it’s been like to hang out with Charlie over the last 14 years.
00:15:45 - How Warren and Charlie have succeeded by being voracious “learning machines.”
00:18:59 - How Warren and Charlie differ from each other as investors.
00:22:12 - How Charlie figured out that Li Lu would be one of the greatest investors of our time.
00:42:34 - Why it’s he
TIP456: How to Build a Wealth Plan for Financial Independence w/ Katie Gatti
IN THIS EPISODE, YOU'LL LEARN:
14:38 - How to calculate your retirement needs.
20:32 - How to determine how much cash you should reserve.
39:46 - How to think through investment account types like 401ks, IRA’s, Roths, etc.
51:17 - The ideal allocation of index funds.
1:00:34 - When to consider alternative investments like real estate or small businesses.
1:04:23 - Time and Energy trade-offs while determining your approach.
1:08:59 - How to incorporate philanthropy.
*Disclaimer: Slight
TIP455: Indicators for Crisis Investing w/ Dan Rasmussen
IN THIS EPISODE, YOU'LL LEARN:
01:45 - What levels indicate a crisis.
12:00 - How to use the High Yield Spread as an indicator and why it works.
16:34 - Why you should reconsider using a discounted cash flow model.
29:46 - Verdad's four-quadrant approach.
35:20 - How to mitigate confirmation bias while using a quantitative approach.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP
BTC081: Bitcoin Legal Tender & International Adoption w/ Mike Peterson
IN THIS EPISODE, YOU’LL LEARN:
02:43 - What it was like to start up Bitcoin Beach.
06:16 - What Mike's distribution plan and onboarding were like for getting people to use Bitcoin?
10:01 - Mike's opinion on the international Bitcoin summit for central bankers in El Salvador.
15:11 - What was the most interesting takeaway from the summit?
17:55 - What have the benefits been for the people of El Salvador thus far?
31:46 - Mike had never met with a billionaire before in his life and then t
Classic 16: Billionaire Phil Knights' Book About Founding Nike
IN THIS EPISODE, YOU’LL LEARN:
0:40 - Who is Phil Knight?
7:16 - What is the story behind Nike?
13:38 - What led to Nike’s success?
31:24 - What made Phil Knight a billionaire?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Read our free executive summary of the book, Shoe Dog.
P
TIP454: Current Market Conditions w/ Tobias Carlisle
IN THIS EPISODE, YOU'LL LEARN:
01:12 - Why Tobias Carlisle rang the bell on the NYSE.
05:01 - Why the stock market still looks expensive.
12:20 - Why the stock market is moving the way it does.
17:27 - How to invest in a world with higher interest rates.
27:21 - How deep value performs in bear markets.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock in
TIP453: The Case for Long-Term Value Investing w/ Jim Cullen
IN THIS EPISODE, YOU'LL LEARN:
01:30 - How Jim is thinking through today’s market and what previous era it most reminds him of.
10:45 - A breakdown of his disciplined value investing approach.
18:59 - Why you should care or even reconsider high dividend stocks.
28:22 - Why value factor companies are expected to outperform in the near term.
43:23 - What Jim has learned over his 50-year career and his favorite memory to date.
and much more!
*Disclaimer: Slight timestamp discrepancies may
BTC080: Macro and Bitcoin Education w/ Greg Foss, James Lavish, Jason Sansone, & Sebastian Bunney (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:05 - From a macro standpoint, what surprises them the most?
04:51 - What is happening in the Credit Default Swap market?
04:51 - Why are the CDS prices in Japan not so bad considering how much Yield Curve Control has been implemented?
14:40 - Why is Fidelity so involved in Bitcoin and why is it so important?
29:40 - Are the Credit cycles getting faster?
39:19 - What's the next major central bank to implement Yield Curve Control?
51:39 - What are fixed i
Classic 15: The Great Minds of Investing
IN THIS EPISODE, YOU’LL LEARN:
05:42 - Who is William Green and what is his book, “The Great Minds of Investing” about?
08:39 - What can all value investors learn from reading William Green’s book?
47:24 - Ask The Investors: Can you be successful by investing according to a formula?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
William Green’s book, The Great Minds of
TIP452: Elon's Twitter Takeover and Field Trip's Psychedelic Future w/ Dr. Ryan Yermus
IN THIS EPISODE, YOU'LL LEARN:
03:53- Where the markets might be heading.
12:36 - Elon’s latest update on his Twitter takeover.
32:54 - Why alternative energy should be the main focus for climate innovation.
39:05 - Field Trip’s business model.
43:22 - General information about how psychedelics are being used for medical treatment.
and much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Masterm
TIP451: The Story of Bill Gross aka The Bond King W/ Mary Childs
IN THIS EPISODE, YOU'LL LEARN:
06:48 - How Ed Thorpe influenced Bill Gross in the early days.
04:49 - How Bill pioneered a market for trading bonds.
09:23 - How Bill founded Pimco and the famous Total Market return fund.
21:41 - How they successfully navigated the GFC and established an abnormal relationship with the government along the way.
31:44 - The trade that began the decline of Bill’s time at Pimco.
51:25 - Bill’s own autobiography was recently released.
And a whole lot more!
*
BTC079: The Bitcoin Energy Revolution w/ Shaun Connell (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:47 - How Bitcoin first got into Shaun's life as an energy executive.
07:48 - What was the reaction of most energy company executives that are learning about Bitcoin?
12:16 - How fast is Bitcoin being adopted into the grid's infrastructure?
14:08 - How does Bitcoin impact the bottom line for energy companies?
14:08 - How does Bitcoin impact the energy grid's stability?
22:21 - How policymakers understand the advantages of Bitcoin mining.
37:26 - How ener
RWH007: Investing Legend Bill Miller On Amazon, Bitcoin, & Buffett
IN THIS EPISODE, YOU’LL LEARN:
00:06:41 - Why he views plunging prices and widespread pessimism as signals to buy stocks.
00:08:19 - Why this period has been “extraordinarily painful” for Miller and many of his peers.
00:08:54 - Why war, inflation, and rising interest rates mean we’re in a new investment environment.
00:15:06 - Why he believes the battered stock market looks poised for a rebound.
00:15:32 - How to handle the emotional pressure of brutal downturns in financial markets.
0
TIP450: Mastermind Q2 2022 W/ Tobias Carlisle and Hari Hamachandra
IN THIS EPISODE, YOU'LL LEARN:
01:51 - Why Toby is bull on Domino's Pizza (Ticker: DPZ)
17:42 - Why Hari wants to invest in Meta (Ticker: FB)
38:41 - Why Stig has decided to invest with Mohnish Pabrai
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Mastermind Discussion Q1 2022.
TIP449: Why the Dollar is the Strengthening to 20 Year Highs W/ Brent Johnson
IN THIS EPISODE, YOU'LL LEARN:
09:55 - Why it’ll be best to hold US assets over time.
15:51 - Why is the Japanese Yen reaching 40-year lows?
23:01 - How high energy costs exacerbate the issue.
29:57 - Why the stagflation playing out today is the worst-case scenario.
50:31 - The performance of silver and gold.
1:00:14 - What is causing the dollar to strengthen to 20-year highs.
And much much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BTC078: Bitcoin Mastermind Discussion w/ Joe Carlasare, Jay Gould, & Jeff Ross (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:42 - The FED's Soft Landing.
09:10 - The Luna Stable Coin melt-down.
23:20 - What's happening in the bond market?
49:26 - Whether the stock market is due for a correction or not.
53:56 - What's happening in China?
01:00:50 - Regulation coming out of the Luna situation.
01:16:09 - What it will take for the SEC to approve a Spot ETF.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the excl
Classic 14: One Up on Wall Street
IN THIS EPISODE, YOU’LL LEARN:
07:59 - If new investors should build their portfolio around small cap stocks.
13:55 - Why there is more to it than just picking companies you understand.
22:34 - How to identify a stock pick that has pricing power.
27:26 - A rather untraditional approach to identifying good stocks.
36:05 - Ask The Investors: Should a value investor invest in net-net stocks?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND
TIP448: A Way to Hedge Inflation? w/ Dan Handford
IN THIS EPISODE, YOU'LL LEARN:
01:35 - How to compete in competitive real estate markets and why conservative underwriting is necessary for longevity.
08:08 - Ways to reduce your tax bill by investing in CRE.
09:30 - Who CRE firms and funds go to for debt financing and what the debt structure can be for large real estate firms.
12:02 - How real estate investors are taxed.
25:03 - The difference between preferred equity and common equity.
And much, much more!
*Disclaimer: Slight timesta
TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris
IN THIS EPISODE, YOU'LL LEARN:
01:49 - Overconfidence
08:43 - Anchoring
11:18 - Endowment Effect
24:25 - Base-rate neglect and Recency bias
33:01 - Social Proof
48:30 - Scarcity
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Silver Ring Value Partners Websit
BTC077: Bitcoin Solves the Time Stamping Problem w/ Gigi (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
00:03:09 - What Gigi is most excited about for 2022.
00:04:46 - What causes people to see Bitcoin from the bottom-up.
00:13:28 - What are all the things that Bitcoin is doing simultaneously.
00:17:15 How Bitcoin solves time stamping.
00:23:38 - What is under appreciated in the Bitcoin space right now.
00:21:26 - What incentives will drive the adoption of lightning.
00:55:42 - Proof of Work (PoW) Versus Proof of Stake (PoS).
00:37:32 - How to take something
RWH006: Master Your Mind w/ Arnold Van Den Berg
IN THIS EPISODE, YOU’LL LEARN
00:05:14 - How a teenage girl saved Arnold Van Den Berg’s life during the Holocaust.
00:08:54 - How he learned to live a life guided by principles and the search for truth.
00:24:51 - What his father taught him about the extraordinary power of the mind.
00:42:37 - How Arnold transformed his body and mind to become a champion athlete.
00:43:32 - Why “the single most important thing in life is what you believe.”
00:44:39 - How Arnold taught himself to invest
TIP446: Berkshire Hathaway Annual Shareholders Meeting 2022
IN THIS EPISODE, YOU'LL LEARN:
03:20 - The biggest takeaways from the meeting.
17:51 - Why and what Berkshire Hathaway invested $51B in during Q1 2022.
34:15 - Berkshire Hathaway and their plans for share buyback.
41:01 - Warren Buffett’s view of inflation.
1:03:15 - Warren Buffett’s experiences of changing his opinion.
1:16:33 - Warren Buffett's learning objectives on merger arbitrage bets.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS
TIP445: The Fall of Netflix and Overlooked Assets w/ David Stein
IN THIS EPISODE, YOU'LL LEARN:
01:41 - Current risks posed by supply chain disruption and food shortages.
05:27 - Updates on Evergrande, China, and Munger’s recent bipolar trade on Alibaba.
14:39 - Why the most contrarian bet today is too short commodities.
13:17 - The recent fall of Netflix and how other tech stocks might follow suit.
27:12 - How David thinks through valuation and where the US stands today, compared to the global market.
32:39 - Why Closed-End Funds are likely an overl
BTC076: Finding Asymmetric Investments w/ Bill Miller IV (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:43 - Bill's overall thoughts on the current market conditions.
09:31 - How Bill and his father first found Bitcoin.
12:16 - Why Bill found Bitcoin to be an asymmetric investment.
18:54 - Margin and investing.
21:18 - Thoughts on Musk buying Twitter.
23:35 - Bitcoin vs Crypto.
28:49 - Concentrated investing and why it's important.
31:12 - Mean / Variance Portfolio Theorem.
40:54 - Finding big trends in markets.
*Disclaimer: Slight timestamp discrepancies
Classic 13: Security Analysis
IN THIS EPISODE, YOU’LL LEARN:
02:38 - Why Security Analysis is one of Warren Buffett’s three favorite books.
11:49 - Real case studies where Warren Buffett has directly applied skills acquired from Security Analysis.
13:05 - The highlights for each of the 7 major parts in Security Analysis.
30:08 - The difference in opinion between Benjamin Graham and Warren Buffett when it comes to dividends.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOO
TIP444: The Changing World of Endowments and ESG Policies w/ Ted Seides
Trey invites back Ted Seides to discuss the influence of endowments and hedge funds in today's markets and the impacts of ESG policies.IN THIS EPISODE, YOU'LL LEARN:
07:16 - How hedge funds and endowments have changed over the last 20 years.
10:58 - The biggest misconceptions regarding endowment funds.
20:30 - The impact of ESG policies and how the narrative around them may be changing or evolving.
28:45 - Why Ted has abandoned his SPAC strategy.
44:54 - How endowments think through all
TIP443: Buffett's Biggest Blunders w/ David Kass
Trey Lockerbie chats with Dr. David Kass, who is a Ph.D. economist and professor at the University of Maryland. They discuss how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake, his overpayment for Precision Castparts, and much more!IN THIS EPISODE, YOU'LL LEARN:
09:47 - The story of how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake.
15:04 - How he could ha
BTC075: Talking w/ Your Advisor About Bitcoin w/ Morgen Rochard (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:31 - What attracted Morgen into finance.
05:56 - How has being a CFA charter holder and being a Bitcoiner contrasted?
17:52 - What are the issues most financial advisors have with Bitcoin?
24:46 - Why do most financial advisors say "crypto" not Bitcoin?
31:06 - How do elderly people that are dependent on a fixed income strategy navigate the current markets?
38:32 - What's the best way for Bitcoin'ers to optimize their taxes?
46:34 - What do you say to c
RWH005: Meet the Master w/ Aswath Damodaran
IN THIS EPISODE, YOU’LL LEARN
00:09:21 - Why it’s so valuable to build unscheduled “day-dreaming time” into your day.
00:13:17 - Why it’s a competitive advantage to be a generalist in a world of specialists.
00:18:29 - What 42 years as a professor have taught Aswath about how to communicate.
00:31:14 - Why he’s intensely skeptical about the ESG movement.
00:39:46 - Why he owns no cryptocurrencies and views Bitcoin as a currency “for the paranoid.”
00:44:21 - Which investment principles
TIP442: Investing in Stocks w/ Mohnish Pabrai
On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. In the interview, Mohnish Pabrai shares his thoughts on Alibaba, Tencent, a personal letter from Warren Buffett, and much more. IN THIS EPISODE, YOU'LL LEARN:
01:18 - What Warren Buffett’s letter to Mohnish Pabrai said.
04:53 - What is Mohnish Pabrai’s driver for being an asset manager?
07:47 - What is Mohnish Pabrai’s role with Dakshana Foundation.
13:47 - Is it an advantage to spend money on research to
TIP441: Balancing Financial Goals With A Fulfilling Life w/ Peter Mallouk
On today’s show, Trey invites on a very special guest and that is Mr. Peter Mallouk. Peter is the President and CIO at Creative Planning which currently manages, $210B. Peter holds a law degree, an MBA and is a CFP, and is just an overall very smart and thoughtful guy. You may recognize his name as he was the co-author of Money: Master the Game with Tony Robbins. IN THIS EPISODE, YOU'LL LEARN:
01:26 - The best investment Peter has ever made.
04:01 - What the inverted yield curve is tell
BTC074: Bitcoin is Property w/ Eric Weiss (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:29 - Eric’s thoughts on the Bitcoin Miami conference.
03:50 - Eric’s overview of the world economy.
07:12 - Eric’s background in finance and how he found Bitcoin.
24:51 - What are the common questions he hears from high net worth individuals about Bitcoin?
28:14 - How he introduced Bitcoin to Michael Saylor.
47:28 - What are his thoughts on the ESG FUD?
01:01:43 - What are his thoughts on other alt-coins?
01:04:20 - At what point does Eric see Bitcoin c
Classic 12: The Intelligent Investor
IN THIS EPISODE, YOU’LL LEARN:
01:21 - Why The Intelligent Investor is Warren Buffett’s favorite book.
07:51 - When and how you should conduct active and passive investing.
13:26 - Why inflation is perhaps the most overlooked macro investing metric.
20:13 - Why Warren Buffett thinks that Chapters 8 and 20 are the two most important chapters of The Intelligent Investor in investment literature.
29:30 - How to calculate the intrinsic value of a stock and why Preston and Stig disagree with
TIP440: Beating the S&P500 since 2004 w/ Bryan Lawrence
On today’s show, Stig Brodersen chats with Bryan Lawrence. His company Oakcliff Capital has outperformed the S&P500 since its inception on June 1, 2004. By December 31, 2021, the S&P500 has returned 392% compared to Oakcliff Capital, returning 718% after fees. IN THIS EPISODE, YOU'LL LEARN:
01:06 - What is the investment strategy of Oakcliff Strategy?
05:50 - How did Bryan develop the conviction to invest in a company and the investment thesis behind Charter Communications.
16:1
TIP439: How to Buy Stocks During A Crisis w/ Nick Maggiulli
On today’s show, Trey sits down with Nick Maggiulli. Nick is the COO and Data Scientist at Ritholtz Wealth Management. He’s also the author of the popular blog OfDollarsAndData.com as well as his new book Just Keep Buying, which authors like Morgan Housel deem a “must-read.” Nick is an expert in reframing and debunking old financial rhetoric.IN THIS EPISODE, YOU'LL LEARN:
01:25 - Why you actually might not want to max out your 401k.
09:13 - Why you shouldn’t try to “buy the dip.”
20:24
BTC073: Bitcoin Policy Considerations w/ Jason Brett (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:52 - Jason’s thoughts about Miami 2022.
04:29 - What the newest executive order from the White House meant for Bitcoin.
13:22 - Jason’s thoughts on CBDC.
29:08 - How the executive order is researching systemic risk to the economy.
33:20 - How the executive order is researching the illicit transactions.
36:26 - What Senators Gillibrand and Lumis are about to present to Congress.
39:59 - How long it will take to the get a bill through congress.
01:04:17 -
RWH004: Intelligent Investing w/ Jason Zweig
IN THIS EPISODE, YOU’LL LEARN:
00:02:27 - What Jason Zweig learned from his father, the wisest person he’s ever known.
00:20:31 - Why investors shouldn’t trust what brokers and financial advisers are selling them.
00:36:34 - How success is shaped by weird moments of random chance as well as skill.
00:38:54 - What Warren Buffett said when Jason asked him, “Do you think you’re a genius?”
00:59:41 - Why Benjamin Graham was obsessed with the overwhelming importance of survival.
01:15:13 - W
TIP438: Berkshire Hathaway Masterclass w/ Chris Bloomstran
Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a CAGR of 9.2% after fees (10.0% before fee) since his fund's inception on 2/28/1999 compared to 8.1% for the S&P500. There is no one in the space we respect as much as Chris Bloomstran when evaluating the intrinsic value of Berkshire Hathaway. IN THIS EPISODE, YOU'LL LEARN:
01:28 - How is the S&
TIP437: Why Does The Stock Market Go Up? w/ Brian Feroldi
In today’s episode, Trey Lockerbie chats with Brian Feroldi. Brian Feroldi is a financial educator and a writer for the Motley Fool. Be sure to check out Episode 375 where Brian and Trey discussed how he creates an investing checklist. Brian has written a new book titled Why Does the Stock Market Go Up? It’s a simple breakdown of questions you have likely had along your investing journey. IN THIS EPISODE, YOU'LL LEARN:
03:21 - How compounding works.
07:01 - What is the S&P500, Dow J
BTC072: Macro Overview w/ Lawrence Lepard (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:31 - What market indicators are surprising Lawrence the most right now?
09:17 - The energy market in a time of war.
09:17 - What are his thoughts on the equity "melt-up" thesis?
18:55 - If gold can't rally in this environment, when can it?
34:01 - The battle between deflation and inflation.
39:21 - What are some key knowledge points to watch out for?
44:11 - What would Yield Curve Control look like?
58:43 - Portfolio construction versus age.
*Disclaimer
Classic 11: Warren Buffett’s Biography
IN THIS EPISODE, YOU’LL LEARN:
04:02 - How Warren Buffett already read financial statements when he was a kid.
12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.
24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.
25:41 - Why Warren Buffett never replaces management in the companies he acquires.
27:04 - How Warren Buffett picked the CEO
TIP436: Is the Buffett Partnership Strategy Still Applicable Today? W/ Zack Oliva
Trey Lockerbie chats with Zack Oliva. Zack is an attorney by trade who runs his own 30 person law practice out of Houston. He’s also been a lifelong investor and has been running a partnership in the style of Buffett’s 1950’s partnerships and has been beating the market by a landslide. Trey loved getting to speak to Zack and to find someone operating within this partnership structure in modern times. It’s another great example of how net-nets, deep value, and equitable fee structures ar
TIP435: Why the Youngest Billionaire Walked Away from Wall Street w/ John Arnold & Michael Faye
Trey Lockerbie chats with a powerhouse duo, billionaire philanthropist, John Arnold and the cofounder of GiveDirectly, Michael Faye. They discuss Billionaire Philanthropy Strategies and much more!IN THIS EPISODE, YOU'LL LEARN:
02:57 - John's relationship with money and experience with philanthropy.
07:48 - John's experience as an early employee at Enron, becoming the head of their natural gas trading desk. His early career that led him to become the youngest billionaire in the US in 200
BTC071: How Fiat Blinds Bitcoin's Importance w/ Alex Gladstein (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
12:30 - Recently the Senate is directing the State Department to investigate the economic impact Bitcoin is having on El Salvador - what is going on here?
34:09 - What interview was the most memorable for Alex's new book?
35:10 - Alex's thoughts on how financial privilege blinds people to Bitcoin's true impact.
50:04 - Alex's comments on the cypherpunk movement and why it was so important to Bitcoin's foundation.
01:02:00 - Bitcoin's privacy problem.
01:11
RWH003: How To Win The Investing Game w/ Joel Greenblatt
IN THIS EPISODE, YOU'LL LEARN:
How Joel Greenblatt crushed the market by making big, bold bets on cheap stocks.
How a freak investment disaster taught him never to forget that bad things happen.
Why he believes that the greatest investors tend to have “a screw loose.”
How he handles the emotional pain and stress of investing.
Why he never bought Bitcoin—and has no regrets about it.
How he made a killing by studying Warren Buffett’s purchase of Coca-Cola stock.
Why he admires Buffett eve
TIP434: The Billionaire's Peak Performance Playbook W/ Louisa Nicola
IN THIS EPISODE, YOU'LL LEARN:
02:58 - What peak performance looks like.
13:58 - Why sleep is the lead domino for health and performance.
50:58 - Why the brain likes routine.
53:38 - How inflammation can be good and bad and what to do about it and How to use heat and cold treatments to boost performance.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage
TIP433: The Art and Science of Investing in Startups w/ Jason Calacanis
Trey Lockerbie chats with Angel Investing legend, Jason Calacanis. Jason is an entrepreneur who sold his second business Weblogs to AOL for $30MM in 2005. Jason then founded multiple other companies and along the way, became an angel investor in companies like Uber, Robinhood, Calm and 300 others give or take.IN THIS EPISODE, YOU'LL LEARN:
01:38 - The advantages of being an outsider.
06:10 - The realities of running a startup.
09:28 -What makes up a star founder and the ingredients for
BTC070: Bitcoin Round Table w/ Joe Carlasare, Jeff Ross, and Jay Gould (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:15 - Thoughts on the dollar remaining a global reserve currency.
06:40 - How much the fixed income market and inflation is going to influence the broader market conditions.
11:55 - Will negative interest rate spreads really matter that much?
20:18 - The impact of Ukraine and Russia on supply chains.
41:48 - Yield Curve Control and what it will take to get there.
45:10 - How much could Bitcoin dip if we have a substantial macro sell-off?
1:05:16 - Risk o
Classic 10: Warren Buffett's Book Recommendation - The Outsiders
IN THIS EPISODE, YOU'LL LEARN:
06:25 - Why you want the CEO to think more like a capital allocator than a traditional CEO.
09:23 - How the best capital allocators create arbitrage on their own stocks.
24:39 - Use to use debt intelligently when growing your company.
36:27 - How and why the most profitable companies do not compete on price.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other
TIP432: The Creator Economy, Building a Personal Moat and Mental Health Stack w/ Alex Lieberman
Trey Lockerbie invites back the Co-Founder and Executive Chair of MorningBrew, Alex Lieberman. Alex discusses his foray into the creator economy, angel investing and building a personal moat. They also explore his journey with mental health and how it’s inspired him to launch a new podcast on the subject.IN THIS EPISODE, YOU'LL LEARN:
04:34 - The benefits of building an audience when it comes to investing and the shift from "product first" to "personality first" and what that means.
24:
TIP431: The Big World of Microcaps w/ Ian Cassel
Trey Lockerbie speaks with microcap expert Ian Cassel. Ian has been investing in microcaps for over 20 years & is a Co-Founder of the popular site MicroCapClub & the current CIO of Intelligent Fanatics Capital Management. IN THIS EPISODE, YOU'LL LEARN:
03:02 - Why do microcaps get a bad wrap?
05:39 - How a few of the greatest investors got their start in microcaps.
14:46 - How to identify microcaps that could grow up to be macro caps.
23:14 - The psychology around cheaply priced
BTC069: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew
IN THIS EPISODE, YOU’LL LEARN:
01:06 - The importance of understanding what counterparty risk is.
15:38 - Why self-custody is so important right now.
31:20 - The main takeaways for a person in the market today.
31:20 - Retirement planning and how to think about Bitcoin in your IRA.
31:20 - Difference between self-directed IRAs and vehicles like GBTC.
51:03 - What is happening with policy decisions.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful s
RWH002: Investing Wisely in an Uncertain World w/ Howard Marks
IN THIS EPISODE, YOU'LL LEARN:
04:31 - How Marks was shaped by his first experience of a stock market bubble and crash.
12:04 - How conversations with his son have led him to modify his investment principles.
18:20 - Why he came to believe that buying cheap assets is the key to successful investing.
26:01 - What is his view of the current investment environment?
36:37 - Why Marks regards emotion as the “greatest enemy” of superior investing.
48:40 - How to invest successfully in a pe
TIP430: From Facebook to Meta and Beyond w/ Bill Nygren
Trey Lockerbie brings back one of our favorite guests, Bill Nygren. Bill is a partner and portfolio manager at OakMark where they manage over $64B.IN THIS EPISODE, YOU’LL LEARN:
01:39 - An update on Facebook, now Meta, since our last discussion in June 2021.
11:53 - Oakmarks process to finding and vetting stock ideas.
31:58 - How they think about diversification once they’re highly allocated in a certain sector.
35:02 - An overview of some of Oakmarks top positions, including their heav
TIP429: What is happening with Oil? w/ Josh Young
Trey Lockerbie chats with expert Josh Young from Bison Interests as they do a deep dive on Oil. Bison returned 350% in 2021 compared to the S&P 500’s 29% and they cover a lot of reasons why they may just be getting started.IN THIS EPISODE, YOU’LL LEARN:
01:17 - Why oil has been the most hated commodity as of late.
07:09 - Debunking myths about oil.
04:06 - Why supply levels could lag demand for the foreseeable future.
17:30 - The key drivers of Oils spike in price.
36:06 - Oil produ
BTC068: Bitcoin Exchange & Mining Policy Incentives w/ Magdalena Gronowska (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
00:59 - How Magdalena got involved in Bitcoin.
02:38 - What it was like being a supreme court-appointed bankruptcy inspector for an exchange failure.
10:29 - How events in Canada have impacted the way people view self-sovereignty.
12:57 - Her experience with the 1st Bitcoin Fund on the TSX (3IQ Bitcoin fund).
24:34 - The economic incentives that work best for policymakers in this space.
27:06 - How Magdalena is thinking through the policy decisions from a
RWH001: The Life Force Revolution w/ Tony Robbins
IN THIS EPISODE, YOU’LL LEARN
05:02 - How an accident led Tony Robbins to discover the miracle of regenerative medicine.
08:10 - How a wave of scientific breakthroughs can revitalize your body and even save your life.
15:07 - Why it’s critical to detect health threats early with the help of new diagnostic tests.
20:45 - What simple lifestyle changes can boost your energy levels and transform your health?
31:31 -How to handle extreme stress, overcome adversity, and take control of your
TIP428: Is Russia the most contrarian investment? w/ Harris "Kuppy" Kupperman
Trey Lockerbie sits down with Harris Kupperman, or as most would call him, “Kuppy.” Kuppy is the CEO of Praetorian Capital Management, a hedge fund that focuses on major macro themes. They discuss how Kuppy uses to buy and hold, leverage, options, futures, and indexes all in a heavily concentrated portfolio.IN THIS EPISODE, YOU’LL LEARN:
01:33 - The recent events with Russia and how buying Russian assets might be the most contrarian trade in today’s markets.
05:05 - The forecast for oi
TIP427: The History of Bubbles, Mania & Fraud w/ Jamie Catherwood
Trey Lockerbie chats with Jamie Catherwood. Jamie is a financial market historian, founder of the wildly popular site Investor Amnesia, and an associate at O’Shaughnessy Asset Management which manages $5.3 Billion.IN THIS EPISODE, YOU’LL LEARN:
07:20 - Historical examples of market bubbles and the Tulipmania, did it actually happen?
15:53 - Micro manias happening in the markets today and analogous examples from the past.
31:17 - Lessons from the 1800s that could have prepared us for the
BTC067: Russia Ukraine War & Global Macro Impacts w/ Luke Gromen (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:07 - Luke's overview of the Macro Landscape since the Russian invasion of Ukraine.
02:07 - Energy to the EU.
02:07 - China's involvement.
12:10 - Zelenskyy's unexpected response and defensive posturing.
20:33 - Crops and fertilizer impacts.
26:47 - Belarus' involvement in the war.
26:47 - Turkey blocking the entry into the Black Sea.
34:09 - Canada weaponizing their banks.
34:52 - Weaponizing Swift.
34:52 - The Ruble crashing.
44:57 - Russia Minister wo
Classic 09: Oprah Winfrey - What I Know for Sure
IN THIS EPISODE, YOU’LL LEARN:
12:08 - Why you shouldn’t enter any relationship with the intention to change that person.
15:34 - Why what you fear the most always materialize if you let it cloud your mind.
39:31 - Why Oprah turned 40 before she learned how to say no, and why you should practice it now.
43:29 - Why you should embrace the truth of your past and let it set you free.
51:02 - Why you should show true gratitude without expecting anything back in return.
And much more.
*Disc
TIP426: Gold and Commodities w/ Lyn Alden
Stig Brodersen brings back one of our most popular guests, investment expert Lyn Alden. Together, they explore the role of gold and commodities investing in a period of inflation. IN THIS EPISODE, YOU’LL LEARN:
01:03 - Why do commodities perform well in inflationary periods?
08:55 - Why do different generations and nationalities look differently at gold?
11:26 - How to best invest in commodities.
15:21 - How can commodities markets be manipulated andHow much should your portfolio be exp
TIP425: Top 5 predictions for 2022 w/ Andrew Walker
Trey Lockerbie invites back Andrew Walker of Rangeley Capital to provide an update on the Discovery merger with WarnerMedia and to discuss his top 5 predictions for 2022.IN THIS EPISODE, YOU’LL LEARN:
01:27 - Predictions of the Discovery stock price post-merger.
02:34 - Why value stocks will outperform this year with a special focus on sporting goods retailers and cyclical commodity companies.
24:22 - The bullish case for cable companies.
31:10 - The fall of peloton and how the price to
BTC066: Creating Bitcoin Products and Infrastructure w/ NVK (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:34 - Why Entropy Dice are important for creating ultra-secure private keys.
10:19 - When NVK came into the Bitcoin space and how he started his company.
21:53 - The Block Clock incident with Jack Dorsey.
26:21 - What is the Satscard?
31:07 - How can the Bitcoin network be hardened.
41:17 - How has Bitcoin impacted the current situation in Canada with the trucker protests?
58:15 - Will Smart contracts get more traction on top of Bitcoin in the future?
1:
Classic 08: Jim Collins' book - How The Mighty Fall
IN THIS EPISODE, YOU’LL LEARN:
03:27 - The 5 distinctive stages of decline.
09:35 - Why a successful management should feel lucky rather than successful.
26:39 - Which 3 key ratios can predict if a company will fall.
31:23 - How and why a company can pull itself out of a decline.
Ask the investors: Can Bitcoin benefit from the increasing pressure on the US Dollar?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the excl
TIP424: How to Finance The Next American Century w/ Richard Duncan
Trey Lockerbie chats with one of our favorite macro-economists, Mr. Richard Duncan. Richard has just released his fourth book titled The Money Revolution, How to Finance the Next American Century.IN THIS EPISODE, YOU’LL LEARN:
01:24 - How the economy has progressed since they last spoke.
08:15 - The impacts of globalization and how it goes hand in hand with the US reserve currency.
10:52 - Wage inflation and supply chain disruption.
30:24 - How the Fed makes a profit.
51:49 - How the
TIP423: Real Estate Update w/ Ian Formigle
Trey Lockerbie invites back our favorite expert on commercial real estate, the CIO at Crowdstreet, Mr. Ian Formigle.IN THIS EPISODE, YOU’LL LEARN:
01:14 - How the commercial real estate market has performed since we last spoke in mid-2021.
03:44 - The top-performing markets of the last year.
04:30 - What were the main drivers?
07:01 - How labor and supply shortages have affected the market.
20:12 - The impact of inflation.
33:05 - The rise of niche asset classes.
1:08:37- An update on t
BTC065: What does the BIS, IMF, & World Bank even do w/ Sam Callahan (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:45 - Sam's background and why he became on expert on these NGOs (BIS, IMF, WB).
02:27 - What the heck is the Bank of International Settlement (BIS)?
06:43 - What was the history of the BIS?
06:43 - Why does the BIS Still exist today?
10:52 - How is the BIS Funded?
24:26 - What the heck is the International Monetary Fund (IMF)?
29:53 - How is the IMF Funded?
31:29 - What the heck is the World Bank (WB)?
31:29 - What was the history of the WB?
31:29 - How
Classic 07: Billionaire Tony Hsieh's Book - Delivering Happiness
IN THIS EPISODE, YOU'LL LEARN:
19:06 - How to make customer service your corporate vision and strategy.
21:08 - How to make your corporate culture your competitive advantage.
27:39 - Why your organization should write a culture book.
42:17 - How a CEO can fire his board of directors.
48:04 - The 4 factors to sustainable happiness.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to e
TIP422: Frontier Market Investing w/ Maciej Wojtal
Stig Brodersen speaks to Maciej Wojtal about investing in Iran. Iran equities are trading at P/E ratios of 3-5, and a dividend yield of 20% of blue-chip stocks is not uncommon.IN THIS EPISODE, YOU’LL LEARN:
01:12 - Why you want to be invested in a stock market that is opening up.
16:32 - The bull and bear case of investing in Iran. One of the biggest frontier markets in the world.
25:17 - Why the Iranian stock market has performed better than the S&P500 and will continue to do so.
TIP421: Expectations Investing w/ Michael Mauboussin
Trey Lockerbie chats with a very special guest and that is investing legend Michael Mauboussin. Michael is the Head of Consilient Research at Counterpoint Global. He is also the author of three books as well as an adjunct professor at Columbia Business School, where he’s been teaching the Security Analysis course for 30 years. IN THIS EPISODE, YOU’LL LEARN:
01:52 - Michael's early career working under the tutelage of Bill Miller.
06:08 - His introduction to the Santa Fe Institute and ho
BTC064: Bitcoin and Fidelity's Director of Global Macro Jurrien Timmer (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:01 - Who influenced Jurrien and what was sage advice he received when he was first learning?
05:21 - What are some of the most important variables he looks at for cycle timing?
13:58 - How much can the FED realistically raise rates in the current cycle.
21:25 - How Jurrien thinks about earnings growth decline and P/E stagnation during a bull run.
28:45 - What Jurrien's long-term secular outlook is for equities and bonds.
30:55 - How does the FED respond
Classic 06: Elon Musk
IN THIS EPISODE, YOU’LL LEARN:
01:38 - Who is Elon Musk and how will the billionaire change the world?
12:31 - How does thinking like Elon Musk make you think like a billionaire?
57:11 - Ask the Investors: Should I pick different stocks for my Roth IRA and 401(k)?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and
TIP420: Inflation Update and the recent FOMC Meeting w/ Cullen Roche
Trey Lockerbie chats with fan favorite, Cullen Roche. Cullen brings the best contrarian viewpoints and when dug into, you realize they are rooted in first principles thinking. IN THIS EPISODE, YOU'LL LEARN:
1:25 - Ramifications of the most recent FOMC meeting (which was happening while recording).
3:12 - Why Cullen thinks inflation has peaked and the risk of recession is low.
25:07 - Why bonds are still appealing in a low interest/high inflation world.
34:56 - The Greenspan Conundrum.
3
TIP419: How Art Performs During Inflation w/ Scott Lynn
Trey Lockerbie invites back Scott Lynn of Masterworks, fresh off of his recent $110M fundraise that valued Masterworks over $1B, to discuss how Art performs during periods of inflation.IN THIS EPISODE, YOU'LL LEARN:
4:26 - Why Masterworks is choosing to stay private for the time being.
1:25 - What the $110MM they raised will go towards.
14:59 - Masterworks’ overall impact on the art market.
21:33 - The most compelling research they’ve uncovered to date.
30:00 - Which artist might have
BTC063: Potential Economic Tightening & Bitcoin w/ Dr. Jeff Ross (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:07 - Why Jeff transitioned away from being a doctor to being a hedge fund manager.
10:25 - Jeff's thoughts on the healthcare sector.
10:25 - Jeff's thoughts on the pharmaceutical sector.
14:56 - How he can conduct "all-weather" investing with negative spreads in fixed income.
25:35 - Why Jeff believes economic growth or tightening should be the first consideration for investors.
29:51 - How Jeff identifies a shift in credit growth.
29:51 - How Bitcoin m
Classic 05: A History of 5 Stock Market Crashes w/ Scott Nations
IN THIS EPISODE, YOU'LL LEARN:
01:18 - An in-depth analysis of the stock market crashes in 1907, 1929, 1987, 2008, and 2010
06:57 - The similarities between the FED’s monetary policy in 1929 and today
16:02 - How the stock market could decline by 22.6% in a single day in 1987
26:46 - How the incentives for homeowners and investment bankers in 2008 destroyed the stock market
33:25 - Why the next crash is going to look more like the flash crash in 2010 than any of the earlier crashes
BOOK
TIP418: Mastermind Q1 2022 w/ Hari Ramachandra and Tobias Carlisle
IN THIS EPISODE, YOU'LL LEARN:
2:33 - Why Tobias Carlisle thinks that William Sonoma undervalued (Ticker: WSM)
18:38 - Why Stig has changed his mind on gold
46:16 - Why Hari Ramachandra believes that Coinbase is undervalued (Ticker: COIN)
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community membe
TIP417: The Incredible Story of the PayPal Mafia W/ Jimmy Soni
IN THIS EPISODE, YOU'LL LEARN:
1:50 - Who are the members of the Paypal Mafia, their origin stories, and how PayPal came to be.
36:35 - The many trials that Paypal endured.
50:24 - The culture at Paypal and how it developed.
57:59 - Jimmy's main takeaways having personally interviewed each billionaire and years of additional research.
And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TI
BTC062: Monetary Cycles and History w/ Mark Moss (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:23 - Mark's overview of monetary history leading up to the current events we see today in financial markets.
08:11 - How the world is currently seeing peak centralization.
12:23 - Mark's opinions on the Anti-communist manifesto.
21:45 - Thoughts on Bitmex acquiring a 268-year-old German Bank.
26:30 - Thoughts on the SEC and regulatory guidance.
47:32 - Mark's thoughts on why PoW is so important.
53:54 - Mark's thoughts on NFTs and smart contract protoc
Classic 04: Joel Greenblatt’s Book - You Can Be A Stock Market Genius
IN THIS EPISODE, YOU'LL LEARN:
10:18 - How to take positions in the market with a $5 upside and a $1 downside.
13:14 - How to make money in spin-offs.
26:45 - How to make money in risk arbitrage and merger securities.
45:57 - How call options work.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Joel Greenblatt’s book, You Can Be a Stock Market Genius – Read reviews of t
TIP416: High Finance Strategies for New Investors w/ Joe Percoco
Trey Lockerbie sits down with Joe Percoco, the Co-Founder and Co-CEO of Titan - an investing platform with a mission to take on legacy institutions such as Fidelity and democratize access to high finance strategies. Titan has over $1B in AUM and recently closed a $58MM round led by Andreesen Horowitz.IN THIS EPISODE, YOU'LL LEARN:
03:31 - What Joe learned from working at McKinsey and Goldman Sachs and also, what he did not learn.
12:03 - The strategies that Titan offers.
24:06 - What mi
TIP415: Adventures in Fintech with Logan Allin
Trey Lockerbie sits down with Logan Allin, the Managing General Partner and founder of Fin. Fin is a VC firm that now has 10 unicorn portfolio companies, some of which have IPO’ed and are over $1B in AUM.IN THIS EPISODE, YOU'LL LEARN:
10:39 - B2B SaaS tailwinds that have occurred from the pandemic.
21:00 - The opportunity ahead for financial information migrating to the cloud.
28:51 - Best metrics for tracking SaaS companies.
33:11 - Logan’s take on SOFI stock performance, since he was
BTC061: Global Macro Investing 1Q 2022 w/ Luke Gromen (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:25 - Luke's overview of the Macro landscape.
11:53 - Luke's thoughts on the dollar for the first half of 2022.
18:08 - China's shift in monetary policy.
18:08 - How Preston and Luke are estimating how high interest rates might go.
26:55 - How currency exchange rates can offset interest rates (or make them twice as bad).
31:51 - How China's water problem could turn into a major energy crisis.
39:40 - How the reverse REPO system works.
59:27 - What if th
Classic 03: Seth Klarman's Book - Margin of Safety
IN THIS EPISODE, YOU’LL LEARN:
12:25 - The different methods for stock investing valuations.
13:43 - The difference between investors and speculators.
21:35 - When you should hold short term and long term bonds.
40:04 - How to counteract risk in your portfolio.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and th
TIP414: Investing and Life Masterclass w/ Guy Spier
Stig Brodersen chats with Guy Spier. Guy Spier has had a profound impact on the value investing community. As with Warren Buffett, many investors first find Guy Spier to learn how to invest. But while you might come for the investing lessons, you stay for the life lessons.IN THIS EPISODE, YOU'LL LEARN:
02:13 - How to use envy as a positive force in your life.
09:43 - Which idea that Guy Spier had to let go of in his evolution as a value investor.
15:03 - Why Guy Spier thinks that Charli
TIP413: The "Buy" List for 2022 w/ Eddy Elfenbein
Trey Lockerbie sits down with Eddy Elfenbein. Eddy is the founder of Crossing Wall Street, which is a financial blog that’s been running for 17 years. He’s also the portfolio manager for an ETF based on his Buylist that he releases once per year. Interestingly enough, the list holds 25 stocks and is only rebalanced or changed at the end of the year. The buy list has beaten the S&P 500 by 61% since inception. IN THIS EPISODE, YOU'LL LEARN:
08:40 - How Eddy thinks through selling and
BTC060: Bitcoin Tech w/ Stephan Livera (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:09 - What was the ah ha moment for Stephan in Bitcoin?
05:35 - What does Stephan think most people miss about the tech on Bitcoin?
16:39 - Stephan’s thoughts on lightning Tech.
30:48 - What kind of attack or vulnerability does Stephan think is most concerning for Bitcoin?
40:43 - How does Stephan see regulation playing out in the near future?
47:03 - DLCs and stable coins happening on Bitcoin.
1:02:08 - Stephan’s thoughts on growth deflation.
1:05:07
Classic 02: Tony Robbins’ Book – Money, Master the Game
IN THIS EPISODE, YOU'LL LEARN:
01:10 - Who is Tony Robbins and what is his book “MONEY – Master the Game” all about?
12:03 - Common financial myths.
46:29 - The best advice from billionaires.
58:49 - What do billionaires all have in common?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community mem
TIP412: Differences between the US and the Eurozone w/ Daniel LaCalle
Trey Lockerbie sits down with Ph.D. economist, author and fund manager, Daniel Lacalle to get his forecast for 2022. IN THIS EPISODE, YOU'LL LEARN:
01:29 - The ongoing developments from Omicron.
08:58 - Which industries are most at risk.
10:19 - Differences between the US and the Eurozone on many fronts.
13:06 - The recent announcements from the US Fed.
28:46 - Daniel’s forecast for inflation.
33:01 - The future of ESG companies and the skepticism surrounding them.
And much much more!
*
TIP411: How the Federal Reserve Broke the American Economy w/ Christopher Leonard
Trey sits down with investigative journalist and author, Christopher Leonard. Chris wrote a New York Times bestselling book called Kochland, which profiles billionaire Charles Koch and Koch Industries. He’s also the author of a new book, entitled The Lords of Easy Money - How the Federal Reserve Broke the American Economy. IN THIS EPISODE, YOU'LL LEARN:
03:40 - The origins of Koch Industries and how Charles rose to his billionaire status.
05:37 - The operating system of Koch Industries,
BTC059: Bitcoin is Freedom w/ Nic Carter (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:22 - Nic's general thoughts on the fundamental health of Bitcoin.
25:29 - Politically how Nic sees the digital asset space progressing.
25:29 - Global politics and what's happening with stable coins in Myan Mar.
38:25 - Nic's thoughts on the Chivo Wallet in El Salvador.
43:02 - What are Nic's thoughts on Ethereum?
57:15 - How does Nic think about the centralization of mining in Bitcoin?
1:00:40 - Jack Dorsey's recent comments on Web 3.0 and VCs having a
Classic 01: Ray Dalio's Book - Principles
IN THIS EPISODE, YOU'LL LEARN:
14:14 - Why you can have anything but not everything in life.
28:17 - Ray Dalio’s 5-step process to achieve your goals in life.
33:28 - Why 15 uncorrelated bets is the holy grail of investing.
49:46 - The personal advice Ray Dalio gave to Preston.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with S
TIP410: The Changing World Order W/ Ray Dalio
Our new co-host, William Green, interviews Ray Dalio, the legendary founder of the world’s largest hedge fund, Bridgewater Associates. Dalio explains how to position ourselves to survive and thrive in changing world order.IN THIS EPISODE, YOU'LL LEARN:
5:06 - Why Dalio believes the U.S. is in danger of a dramatic and turbulent decline.
11:23 - How China is rapidly rising to become the world’s dominant power.
30:30 - Why Dalio warns that cash and bonds are terrible bets in today’s enviro
TIP409: 2021 Top Takeaways
Trey Lockerbie shares his top takeaways from some of his conversations throughout 2021. He had the great privilege to learn from some of the greatest minds in finance, business, and investing which he is very grateful for. People like Howard Marks, Jeremy Grantham, Joel Greenblatt, Kyle Bass, Chamath Palihapitiya, Jim Collins and so many more. IN THIS EPISODE, YOU’LL LEARN:
01:15 - Chain-weighted inflation with Kyle Bass.
04:48 - Hyperinflation in the US with Morgan Housel.
08:44 - High
BTC058: Bitcoin Real Estate Loans w/ Mauricio Bartolomeo & Adam Reeds (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:28 - How Mauricio and Adam first met.
03:38 - Mauricio's experience with hyperinflation in Venezuela.
08:09 - Why Build Ledn and what's its value to the market.
11:50 - How Ledn assist borrowers with Real Estate down payments.
14:49 - Why would a person pay such a high-interest rate?
18:06 - How individuals can use reverse loans on Real Estate to buy Bitcoin.
26:45 - How does the custody of the collateral work?
28:22 - Why use USDC versus Tether.
32:46
TIP408: A Deep Dive into Terran Orbital w/ Marc Bell
Trey speaks to Marc Bell who says “not so fast..” Marc is the Chairman, CEO, and Co-Founder of Terran Orbital. Marc is an extremely accomplished individual, who is about to realize his 5th unicorn company, meaning a company valued over $1B.IN THIS EPISODE, YOU’LL LEARN:
01:55 - Terran’s fundamentals.
11:36 - Key differences in the technology of the satellites in play.
18:51 - The competitive landscape of the Earth Observation as a service industry.
31:51 - Why Terran is choosing to go p
TIP407: The Evolution of Quant Investing w/ Jonathan Briggs, Ph.D.
Trey Lockerbie explores the evolution of Quant investing with Jonathan Briggs. Jonathan holds a Ph.D. in Mechanical Engineering and Applied Mechanics from UPenn and has had a long career of researching and developing investing techniques for pension funds, such as the CPP Investment Board. He is now CIO of his own fund, Delphia, where they are implementing techniques developed from his research. IN THIS EPISODE, YOU’LL LEARN:
08:16 - The basics of quant investing.
15:54 - The commoditiz
BTC057: How Fiat Works w/ Dr. Saifedean Ammous (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
00:51 - What gave Saifedean the idea for the new book.
04:15 - What are the four key elements of how the Fiat system works?
10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy.
15:39 - Inflation is a vector - what does that mean?
24:27 - How has fiat corrupted the existing incentives in food, academia and other areas?
36:19 - What is the shadow banking system?
37:59 - What's the purpose of the IMF?
58:10 - How doe
TIP406: Finding Hidden Treasure w/ Thomas Braziel
Trey Lockerbie discussed Special Situations with Thomas Braziel. Thomas was recommended by multiple guests because of his Sherlock Holmes approach to finding buried treasure (sometimes literally) types of opportunities. Thomas is not your average investor. They explore a lot of unique topics and it's guaranteed you will learn a ton. One quick caveat: Trey was recording from Costa Rica, Thomas was in London, so the audio quality had tiny glitches along the way. Please bear with us becaus
TIP405: The Future of Fintech w/ Ryan Caldbeck
Trey Lockerbie explores some interesting topics around fintech, entrepreneurship, and the pitfalls of crowdfunding with Ryan Caldbeck. Ryan is the founder and Chairman of CircleUp, a platform that set out to democratize investing, but ultimately pivoted away to a different model. They discuss why. IN THIS EPISODE, YOU’LL LEARN:
2:39 - Insights into building your own board, team, and cap table.
4:27 - The traditional path and alluring appeal of becoming an institutional investor, but als
BTC056: Bitcoin Fear, Uncertainty, & Doubt (FUD) w/ Dan Held (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
03:01 - Does Bitcoin have any intrinsic value?
07:01 - Bitcoin uses too much energy consumption.
19:47 - Governments can kill Bitcoin.
30:50 - Bitcoin looks and feels like a bubble.
34:14 - Bitcoin is too volatile.
36:33 - Bitcoin is manipulated.
37:38 - Regulation in the coming year.
52:36 - What is the lightning network?
57:41 - Alt Coins are everywhere, why does Bitcoin win.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform d
TIP404: The Untold History of Money w/ Joe Brown
Trey Lockerbie chats with the very fun, Joe Brown of Heresy Financial. Joe is most known for his youtube channel, providing entertaining videos on a wide range of financial topics. Joe is a wealth of knowledge and provides an amazing framework for thinking through the current economic landscape. Please enjoy this wide-ranging discussion with Joe Brown. IN THIS EPISODE, YOU’LL LEARN:
03:16 - The history of money and how we’ve arrived at the monetary landscape we have today.
32:32 - The p
TIP403: Wine Investing Gets Better With Age w/ Anthony Zhang
IN THIS EPISODE, YOU’LL LEARN:
17:45 - Learnings from Peter Thiel and Mark Cuban
19:28 - Why you should consider wine in your portfolio
22:50 - The basics of wine itself and what separates a “fine wine” from all the rest
27:22 - The biggest risks to the wine industry
38:58 - How to build a portfolio of wine, or simply invest in a wine index
56:26 - How to impress your significant other next time you’re at dinner or the wine shop
and more!
*Disclaimer: Slight timestamp discrepancies may
BTC055: What is the Cantillon Effect w/ Sahil Bloom (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
04:38 - Sahil's thoughts on curating content online.
10:45 - Why Sahil has gotten interested in Macro and sound money.
17:13 - What is the Cantillon Effect and why is it important?
17:13 - Sahil's thoughts on how a person can use this macro concept for investing.
30:10 - Portfolio construction in today's environment.
30:10 - His thoughts on alt-coins.
54:57 - Who Sahil follows.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform d
TIP402: Investing Mastermind Q4 2021
For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquires Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The week's topic is ESG investing, value in the international market, benchmarking your performance, and much more. IN THIS EPISODE, YOU’LL LEARN:
01:10 - How to think about ESG when you invest.
07:46 - Why ESG is lowering the cost of capital.
20:23 - Which data from international markets do investors need to inve
TIP401: The Most Important Company Is Going Public w/ Chris DeMuth Jr.
Trey Lockerbie brings on the founder and principal of Rangeley Capital, Chris DeMuth. After discussing a company called Planet with Josh Wolfe on episode 399, Trey wanted to explore the SPAC merger with DMY Technologies which has a definitive vote scheduled for December 3rd, 2021. Chris is an expert on SPACs and works closely with the SPACs and companies he invests in. IN THIS EPISODE, YOU’LL LEARN:
13:50 - Why a portfolio of SPACs could be a great place to park cash.
22:03 - Private In
BTC054: A Sovereign Bitcoin Bond in El Salvador w/ Adam Back & Samson Mow (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:10 - How did the coordination with El Salvador to create this bond come about?
01:10 - How is the bond backed?
02:55 - What's the terms of the issuance?
08:23 - What's the conservative return expected from the issuances?
12:33 - Why would someone buy this bond over just owning Bitcoin?
29:16 - How is citizenship incorporated into the bond?
36:46 - Where can a person buy it?
36:46 - How can they buy it?
46:26 - Sovereign competition for regulatory consid
TIP400: Mastermind Q4 2021
IN THIS EPISODE, YOU’LL LEARN:
01:07 - What is Tobias Carlisle's view on the general stock market?
03:20 - Why angel investing and venture capital is currently being indexed without due diligence.
05:35 - Why Tobias Carlisle thinks that Lockheed Martin is undervalued (Ticker: LMT).
24:32 - Whether Stig Brodersen has doubled down on Alibaba.
25:39 - Why Stig Brodersen thinks that GoDaddy is undervalued (Ticker: GDDY).
39:24 - Why GoDaddy is not a tech company.
44:08 - Why Hari Ramachan
TIP399: The Real Life Tony Stark w/ Josh Wolfe
Trey Lockerbie explores many futuristic concepts and companies together with Josh Wolfe of Lux Capital. Jim O'Shaughnessy has called Josh the real-life Tony Stark, and for good reason. His VC firm, Lux has a portfolio of emerging science companies that are bringing futuristic ideas to life. Josh has encyclopedic knowledge on so many topics and shares a wealth of wisdom in this discussion. So without further ado, get a glimpse of the future with the one and only Josh Wolfe. IN THIS EPISO
BTC053: Bitcoin Derivatives & On-Chain Data with Will Clemente & Dylan LeClair (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:07 - How they have learned so much at such a young age.
13:10 - Long-term Versus Short-term investors and using their on-chain fingerprint to help manage longer-term positions.
27:33 - How they think about volatility and how derivatives are impacting the Bitcoin Price Action.
40:04 - Borrowing premiums and how it can provide clues into oversold or overbought conditions.
40:04 - What metrics they would focus on for a market top indicator.
01:05:33 - The
TIP398: Wisdom from the Greatest Investors w/ William Green
Stig Brodersen talks with William Green, the author of “Richer, Wiser, Happier.” They explore how the best investors can teach us not only how to become wealthy but inspire us to become better versions of ourselves.IN THIS EPISODE, YOU’LL LEARN:
00:53 - Which book that Charlie Munger had recently said is “one of the best ever written.”
06:46 - Whether the best investors truly live by an inner scorecard.
11:09 - Whether there is such a thing as the “right background” to become a successf
TIP397: The Dollar Milkshake Theory Update w/ Brent Johnson
In today’s episode, Trey Lockerbie chats with Brent Johnson of Santiago Capital. Brent is best known for his Dollar Milkshake Theory, which is a strong counterpoint to the narrative that the next currency crisis will result in a weaker dollar. Brent’s theory highlights that the opposite might be true. IN THIS EPISODE, YOU’LL LEARN:
01:39 - What the Dollar Milkshake Theory is.
31:53 - How the Dollar Milkshake Theory has evolved through Covid.
56:50 - The range to watch for the DXY (a.k.a
BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
04:50 - Jeff's thoughts on the supply chain impacts.
10:56 - How he sees central bankers adjusting policy moving forward.
13:22 - What another liquidity crisis might look like.
49:55 - Equity valuations.
01:00:09 - The idea of smaller amounts of debt in the system in a post-bitcoinized world.
01:08:07 - How will the typical workforce deal with such an event?
01:08:07 - What kind of timeline until something like this could happen?
01:11:28 - Does the world
TIP396: China and the Macro Impact w/ Kyle Bass
Trey Lockerbie brings on a very special guest and that is Mr. Kyle Bass, the Founder, and Principal of Hayman Capital Management. Hayman’s first major success came from effectively shorting the housing market in 2008 and Kyle was profiled in Michael Lewis’ book The Big Short. More recently, Kyle has been heavily focused on China and has been sounding alarm bells from everything from their accounting protocols, military initiatives, and central bank digital currency development. IN THIS
TIP395: Option Strategies and Building a Billion Dollar Business w/ Tom Sosnoff
Trey Lockerbie chats with Tom Sosnoff as they explore option strategies and how to incorporate them into your investing arsenal. Tom began his career as an options trader and went on to co-found ThinkOrSwim, a trading platform that was sold to TD Ameritrade for over $600MM. He then created TastyTrade, a media company with shows focused on educating investors about options. He recently sold TastyTrade for a whopping $1 Billion dollars, all while making hundreds of trades per day in his o
BTC051: Bitcoin & Why the Bond Market Is Such a Big Deal w/ Greg Foss and Guy Swann (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:35 - Guy and Greg's thoughts on the pop culture impact.
10:33 - The White House committee guidance for stable coins.
21:58 - Greg's thoughts on CPI Versus Interest rates.
38:03 - How should people manage their personal mortgages?
01:04:01 - What do interest rates look like in hyperbitcoinization?
01:15:09 - The chances of a March 2020 type event happening again.
01:26:20 - Risk tolerance between generations.
*Disclaimer: Slight timestamp discrepancies m
TIP394: How to invest in ETFs w/ Cullen Roche
By popular demand, Stig Brodersen has invited back investment expert Cullen Roche. They discuss how to execute on the best possible ETF strategy.IN THIS EPISODE, YOU’LL LEARN:
01:43 - Which ETF strategy is right for you?
06:49 - Why there is no such thing as passive investing?
12:17 - How does an ETF technically work, and why is it a tax-efficient investment instrument.
22:18 - What is the difference between the gross and net expense ratio?
26:16 - Should you pay attention to backtestin
TIP393: Fundamentals for Private Deals W/ Brent Beshore
Trey Lockerbie explores capital allocation in private markets with the CEO of Permanent Equity, Brent Beshore. Brent started out as an entrepreneur and through his own M&A strategies has now found himself purchasing small to midsize companies with the intention of holding forever. Brent is an empathetic leader whose style is a great reminder that a simple approach, although not easy, is most often the best approach.IN THIS EPISODE, YOU’LL LEARN:
09:23 - Key lessons in approaching ac
BTC050: Bitcoin Policy, Fundamentals, & Impact w/ CJ Wilson & Jimmy Song (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:17 - CJ's experience in the MLB.
10:48 - Why was CJ in Washington DC recently?
17:18 - What do most staffers think of Bitcoin?
18:50 - What do most politicians ask when it comes to Bitcoin?
31:42 - How are core developers and upgrades incorporated into the Bitcoin protocol?
31:42 - What risks are there for governance?
48:51 - What is something that so many people miss when it comes to Bitcoin?
01:05:52 - CoinJoins.
*Disclaimer: Slight timestamp discrepa
TIP392: Frameworks for Building Billion Dollar Brands w/ Kat Cole
Trey Lockerbie chats with Kat Cole, former President and COO of Focus Brands, a portfolio company with household names like Cinnabon, Carvel, Jamba, Auntie Anne's, Schlotzsky’s, and more. They explore the power of brands and how it fuels billion-dollar enterprises. Focus Brands as a whole generates around $5B in revenue per year and Kat takes a deep dive into how these brands came to prominence.IN THIS EPISODE, YOU’LL LEARN:
02:09 - Kat’s rise from being a Hooters waitress at age 18 to
TIP391: Working with Gates and Schultz, NFTs for Brands w/ Adam Brotman
IN THIS EPISODE, YOU'LL LEARN:3:00 - Adam’s learnings from working alongside titans such as Bill Gates, Howard Schultz, and his uncle Jeff Brotman, who was the co-founder and chairman of Costco. 28:10 - The fundamentals of NFTs and why Web3 is an exciting new era for all companies.48:11 - The technical potential of NFTs and how they could reshape the world of marketing.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Brightloom’s
BTC049: Willy Woo & Bitcoin On-Chain Data Analysis (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:01 - Willy's thoughts on the super-cycle theory.
05:53 - Willy's thoughts on the ETFs and what it means for S2F.
10:39 - Why Realized Market Cap is an important metric.
13:57 - What is one of Willy's favorite charts right now?
26:05 - Short term traders versus long term hodlers and how they impact the price action.
30:29 - What caused the summer consolidation?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOK
TIP390: Quantitative Investing Tactics w/ Michael Gayed
Trey Lockerbie sits down with Michael Gayed. Michael is the Portfolio Manager at Toroso Asset Management and Writer of the Lead Lag Report. Michael’s white papers have won multiple awards, including the Charles H. Dow Award in 2016. Trey and Michael discussed a lot of quantitative tactics that we don’t often explore on the show. So without further ado, please enjoy this episode with Michael Gayed.IN THIS EPISODE, YOU’LL LEARN:
21:41 - When to use leverage and when not to.
24:16 - The in
TIP389: Buffett's Core Principles w/ Dev Kantesaria
Trey Lockerbie chats with Dev Kantesaria. Dev is the Managing Partner of Valley Forge Capital Management, which currently has $2.7 billion in assets. Dev holds an undergrad from MIT and was top of his class at Harvard Medical School before pivoting and going into venture instead of medicine 14 years ago. Dev is also a big Buffett and Munger fan and follows their principles closely.IN THIS EPISODE, YOU'LL LEARN:
17:27 - How to invest through recessions.
19:23 - Why Dev no longer invests
BTC048: Does the Stock to Flow Model Eventually Break w/ Plan B (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:33 - What's happening in the broader macro economy from his perspective?
16:56 - Will the Stock to Flow model eventually fail?
30:49 - Regional trends - specifically with Proof of Work.
38:16 - When will more countries start to adopt it?
41:33 - Is the ETF important?
50:29 - Lightning adoption, what's the impact?
54:31 - Would Plan B ever reveal himself?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND
TIP388: Lessons from Druckenmiller w/ Trung Phan
Trey Lockerbie sits down with Trung Phan. Trung is a writer for The Hustle and focuses on tech and finance. He also is a purveyor of hilarious financial content on Twitter. His popularity recently afforded him the opportunity to interview legendary investor, Stanley Druckenmiller.IN THIS EPISODE, YOU'LL LEARN:
05:16 - The biggest takeaways from his discussion with Stan.
26:35 - Trung's background in real estate in Asia with thoughts on Evergrande.
38:16 - What opportunities are most exc
TIP387: Precious Metals Masterclass w/ Tavi Costa
Trey Lockerbie sits down with Tavi Costa to get his take on the macro environment and how he believes precious metals will outperform in the near term. Tavi is a partner and portfolio manager at Crescat Capital and is Trey's favorite resource when it comes to precious metal research. IN THIS EPISODE, YOU'LL LEARN:
01:12 - The 4 pillars of inflation.
31:16 - Opportunities in Gold, Silver, and Palladium.
51:54 - The risks of deglobalization especially from China.
And a whole lot more!
*Di
BTC047: Bitcoin, Supply Chains, Debt Ceilings and More w/ Parker Lewis (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:20 - What's happening at the state level with Bitcoin legislation?
08:34 - Why Parker encourages people to delete Facebook.
10:39 - Parker's thoughts on the current supply chain issues.
29:55 - Parker's thoughts on the debt ceiling.
55:53 - Whether a Bitcoin ETF will impact things much.
01:03:19 - Does the typical person have the capacity to self-custody?
01:12:06 - Tax planning for people with sizable Bitcoin gains.
01:16:06 - Parker's thoughts on Bitc
TIP386: Global Investment Opportunities w/ Lyn Alden
Stig Brodersen brings back one of our most popular guests, investment expert Lyn Alden. They discuss how to build a global portfolio. Lyn teaches how we can determine the most attractive equity markets, how to identify red flags, and how we can protect ourselves against inflation. IN THIS EPISODE, YOU'LL LEARN:
00:43 - How does Treasury-Inflation-Protected-Securities (TIPS) work, and is it good inflation protection?
04:26 - Are TIPS a good investment for some investors but not for other
TIP385: Breaking the Rules w/ David Gardner
IN THIS EPISODE, YOU'LL LEARN:
00:06:59 - How to identify Rule Breaking companies.
00:37:30 - Why optionality is a great indicator of a company's future success.
00:42:50 - David’s 25 point system to identify risk.
00:48:00 - What is Conscious Capitalism and why it should become a focus for your portfolio.
And so much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage i
BTC046: Bitcoin Full Nodes & Instant Settlement on the Lightning Network w/ BTC Sessions (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
03:46 - How BTC Sessions first got introduced to Bitcoin.
07:09 - Why a person should run a full node.
07:09 - What does a full node enable?
14:03 - Twitter's Bitcoin tipping integration.
17:40 - What tools and applications exist on layer 2.
32:49 - What's the best way to think about opening channels on layer 2?
41:38 - What are the incentives for the regular person to use layer 2 Bitcoin?
49:25 - What is the purpose of lightning pool?
59:05 - What apps an
TIP384: Evergrande, Alibaba, and the Collapse w/ David Stein
On today’s show, Stig Brodersen has invited back David Stein. David is a former chief investment strategist for Fund Evaluation Group, a $70 billion investment advisory firm. In this episode, David will break down what is going on in China and whether we as investors should be concerned about a stock market collapse.IN THIS EPISODE, YOU’LL LEARN:
(01:07) How are Chinese stocks valued historically?
(05:37) How to think about stock market valuations in the US vs. China.
(09:04) Why are so
TIP383: Exposing Bad Companies w/ Edwin Dorsey
On today’s episode, we talk about how to expose a bad company. Trey Lockerbie chats with the brilliant Edwin Dorsey, writer of the popular newsletter The Bear Cave, who takes us on a ride, exploring the dark side of the stock market. Edwin first gained massive attention after he successfully exposed Care.com for an unimaginable amount of negligence that ultimately led to the collapse of the stock.IN THIS EPISODE, YOU’LL LEARN:
08:20 The free tools you need to identify suspicious compani
BTC045: Luke Gromen on China, Evergrande, Macro, & Bitcoin
IN THIS EPISODE, YOU’LL LEARN:
01:18 - Has the global economy ran out of steam?
12:46 - What's the real story with inflation and what's causing it?
24:31 - What is Luke's opinion on China's Evergrande?
32:09 - The Debt Ceiling getting raised.
52:36 - Bitcoin.
55:44 - When does the debt go from depressive to manic?
01:04:40 - Gary Gensler on Digital Assets.
01:08:57 - Luke's favorite Macro investment thesis.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform di
TIP382: Investing Mastermind Q3 2021
For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquirers Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is the holy grail of investing. IN THIS EPISODE, YOU’LL LEARN:
(00:01:16) What is the holy grail of investing?.
(00:06:37) Can you be diversified if you are only invested in equities?.
(00:08:56) Which strategies and asset classes should you follow to diversify your revenue streams.
(00:14:0
TIP381: High Yield Masterclass w/ David Sherman
On today’s episode, Trey Lockerbie sits down with David Sherman. David is the founder, president, and portfolio manager of CrossingBridge Advisors, which currently has over $2.3B in AUM. Trey brought David on to do a masterclass on investing in high yield corporate debt. It’s such an interesting asset class that doesn’t get a lot of attention. IN THIS EPISODE, YOU’LL LEARN:
(21:33) Short and low duration investing.
(24:25) Responsible credit strategies.
(37:02) How SPACs create an inte
BTC044: Bitcoin Privacy w/ Matt Odell (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
08:12 - How Matt initially got into Bitcoin.
17:21 - Why large social media companies threaten one's own sovereignty.
18:51 - Matt's thoughts on Bitcoin's privacy versus other digital assets.
33:53 - Matt's thoughts on the Bitcoin Lightning Networks privacy.
42:15 - Matt's thoughts on lightning wallets and their overall utility.
52:29 - His thoughts on mining and how the sector is progressing with potential supply chain impacts.
01:00:07 - The biggest thre
TIP380: A Holistic Approach w/ David Schawel
In today’s episode, Trey Lockerbie chats with the CIO of Family Management Corporation, David Schawel. Family Management currently has close to $3B in AUM and David oversees the allocation across a wide forway of assets.IN THIS EPISODE, YOU'LL LEARN:
(01:14) Starting out right as the GFC began.
(08:39) His stance on the banking sector in today’s environment.
(17:25) The most surprising metric of 2021 to date.
(38:56) And be sure to stick around towards the end where David offers a few
TIP379: Into The Metaverse w/ Greg Isenberg
Metaverse, Web3, Unbundling Reddit? If any of these phrases are foreign to you, you are really going to enjoy today's episode as Trey Lockerbie sits down with Greg Isenberg. Greg has had an impressive career in building and selling startups, such as Wall Street Survivor, 5by, and islands, the last of which was acquired by WeWork. Greg is also a growth advisor to TikTok as well as a venture partner at Indicator Ventures. This new era of community-based economics is growing at a rapid pac
BTC043: How to Value Bitcoin Mining with Mike Alfred (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:52 - Mike's early days as an entrepreneur
14:10 - How Mike got into Bitcoin
23:07 - Mike's thoughts on digital asset data
33:42 - How Mike values Mining companies
50:52 - How does Wall Street view Bitcoin?
55:30 - What is El Salvador big news or noise in the global macro picture?
57:14 - What is the biggest mistake entrepreneurs make?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES
Join the e
TIP378: Move Forward with Caution w/ Howard Marks
In today’s episode, we have an extremely special guest who is a billionaire and investing legend, Howard Marks. Howard really needs no introduction, but if you have not read Howard's memos, you are missing a critical piece of your investing education. Howard has also written some of Trey's favorite books including The Most Important Thing and Mastering the Market Cycles, which they discuss in depth in this episode and much more.IN THIS EPISODE, YOU'LL LEARN
(01:54) How much investors sh
TIP377: The Antisocial Network w/ Ben Mezrich
On today’s episode, Trey Lockerbie sits down with bestselling author, Ben Mezrich to discuss his new book The Antisocial Network, which covers the sage of Gamestop, Robinhood, Reddit and Retail traders. It’s a tale of irony, humor, high stakes, billionaires, and Ben is the perfect guest to cover such an entertaining story.IN THIS EPISODE, YOU'LL LEARN
(01:11) Ben’s framework for approaching a new book.
(18:43) The power of mindset.
(41:19) The ramifications of meme stocks for Wall Stree
BTC042: Supply Chain Impacts & Bitcoin Discussion w/ Lyn Alden (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:43 - What is causing the semiconductor issues?
07:32 - The retreat of globalization
15:50 - Why are we not seeing inflation in the other parts of the world?
17:57 - What initially caught Lyn's interest with the supply chain issues?
33:35 - The impacts on personal consumption spending
39:56 - How does the infrastructure impact the markets moving forward?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND R
TIP376: The Value of Netflix w/ Arif Karim
In today’s episode, Trey Lockerbie sits down with Arif Karim to talk about Netflix. Arif holds a degree in economics from MIT and is a Sr. Investment Analyst at Ensemble Capital. Netflix is another amazing example of a company with an incredible flywheel effect. A lot of people stated that Netflix would never be profitable, and yet, they became cashflow positive in 2020 and claim to be self-funding production from here. IN THIS EPISODE, YOU'LL LEARN:
(07:24) The moat around Netflix comp
TIP375: Creating an Investing Checklist w/ Brian Feroldi
On today’s episode, Trey Lockerbie chats with Brian Feroldi. Brian has been covering the healthcare and technology industries for The Motley Fool since 2015 and has recently seen skyrocketing growth on Twitter with his very easy-to-digest investing and financial wellness content. IN THIS EPISODE, YOU'LL LEARN:
(01:15) How to approach financial wellness, before even thinking about investing.
(11:12) Brian’s fascinating investing checklist for buying.
(14:22) Brian’s 11 criteria for selli
BTC041: Bitcoin Banking & Infrastructure w/ Bill Barhydt (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Bill's experience reading the Bitcoin white paper weeks after it was released
Why Bill wanted to build a Bitcoin bank right from the start
The expectation for Bitcoin policy moving forward
Thoughts on digital assets versus digital asset securities
Proof of Reserves for exchanges
Would Bill consider loans that have no-rehypothecation as a product at Abra?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing
TIP374: Mastermind Q3 2021 W/ Tobias Carlisle
In today's episode, Stig Brodersen speaks to Tobias Carlisle about why Alibaba and US homebuilders are where you can find value in today’s market. IN THIS EPISODE, YOU'LL LEARN:
(00:01:47) Why does Tobias Carlisle see value in PulteGroup and homebuilders.
(00:09:14) Understanding boom and bust cycle of PulteGroup.
(00:11:23) What is true inflation?
(00:13:30) The impact of inflation has on how Stig invests.
(00:32:24) Why value ETFs are often focused on the US or international and not
TIP373: Resilient Investing w/ Anthony Scaramucci
On today’s episode, Anthony Scaramucci discusses the future of the finance industry. Anthony is the founder of investment firm Skybridge Capital, which currently manages around $8 billion and was one the earliest in developing an institutional bitcoin fund. Some may know Anthony from his brief stint as White House Communications Director under Trump or his SALT conferences. He’s also the author of four books. IN THIS EPISODE, YOU'LL LEARN:
(11:41) The hedge fund industry and how it is e
BTC040: Bitcoin ASIC Manufacturing By Blockstream w/ Dr. Adam Back and Samson Mow (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:29 - What is the Blockstream Modular Mining Unit (MMU)?
11:29 - Why is Blockstream getting into the manufacturing of ASIC?
21:41 - How has the Blockstream Mining Note (BMN) performed to date?
17:23 - Blockstream Finance and getting into the mortgage space
38:35 - Lightning adoption and wallet integration
57:00 - Blockstream in El Salvador
59:12 - The Gaming space and how it will continue to evolve
01:08:43 - DeFi on Bitcoin via Stacks, Rootstock, or oth
TIP372: Identifying A Great Company w/ Jim Collins
On today’s episode, we have a very special guest and that is researcher and author, Jim Collins. Jim is most well known for his books, such as Good to Great, Built to Last, How the Mighty Fall, Great by Choice, Turning the Flywheel BE.20, which have sold over 10 million copies worldwide. Trey Lockerbie has been having a lot of conversations lately about the global macro environment, and while it can be an endlessly fascinating topic and a fun spectator sport, it’s important to never los
TIP371: The Top of the Cycle w/ Jeremy Grantham
In today’s episode, we have a very special guest and that is billionaire Jeremy Grantham, the co-founder and long-term investment strategist at GMO, one of the world's most well-respected asset management firms. Jeremy is an investing legend and studied market historian, who successfully identified and sidestepped the major corrections such as the Japanese market in 1989, the tech bubble of 2000, and the global financial crisis of 2008, and even called the bottom in 2009. IN THIS EPISOD
BTC039: The Bitcoin Adoption Curve w/ Croesus (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
02:21 - Why the yuppie elite do not get Bitcoin
11:21 - Unit Bias
17:35 - The two types of models to understand the value of Bitcoin
21:59 - Why the digital revolution has two parts
29:18 - How does the Bitcoin value layer work with social media?
33:26 - The speculative attack on fiat currency
38:29 - Do financiers start pricing in future halving events?
47:57 - Thoughts on Stock-to-Flow
*Disclaimer: Slight timestamp discrepancies may occur due to podcast
TIP370: Inflation Masterclass w/ Cullen Roche
Investment expert Cullen Roche is back on the show to teach us a masterclass in inflation. You don’t want to miss out on this one!IN THIS EPISODE, YOU'LL LEARN:
(01:06) What is inflation, and what is it not.
(06:26) How much of inflation is due to base effects.
(10:28) How can expected inflation drive inflation.
(14:56) If the current inflation is temporary.
(26:12) How is inflation reflected in the real estate prices.
(33:02) Why do we have regional differences in inflation.
(45:15) If
TIP369: How Exceptional People Think w/ Polina Pompliano
In today’s episode, Trey Lockerbie sits down with Polina Pompliano. Polina is the founder and author of The Profile, which is a newsletter that profiles highly successful individuals in business, science, storytelling, sports, and more. Polina has a wealth of knowledge from her many experiences interviewing everyone from Melinda Gates to Jeff Jordan.IN THIS EPISODE, YOU'LL LEARN:
(26:44) How exceptional people think.
(07:51) Five mental models that are the common denominators for succes
BTC038: Bitcoin Legislature, Regulation, & Legal w/ Joe Carlasare and Jason Brett (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:52 - What is currently happening with the US infrastructure bill? How did digital assets become a part of it?
03:49 - What is wrong with the current language in the bill with respect to digital assets?
04:31 - How do elected officials view the digital asset portion of the bill?
19:55 - What amendments are currently being proposed?
25:02 - What is the likelihood that any of the amendments will be selected?
37:02 - What other regulator bills are in the wo
TIP368: The Best Opportunities in CRE w/ Ian Formigle
In today’s episode, Trey Lockerbie speaks with TIP fan favorite, Ian Formigle. Ian is the Chief Investment Officer of Crowdstreet.IN THIS EPISODE, YOU'LL LEARN:
(01:30) How CRE has performed since Covid.
(12:41) Demographic migration leading to growth in surprising places.
(47:15) The silver tsunami aka the baby boomer generation reaching the age of retirement and where opportunities may be present.
(56:13) How Crowdstreet weighs external challenges like climate change into their prospe
TIP367: The Current Macro Landscape w/ Luke Gromen
In today’s episode, Trey Lockerbie sits down with a TIP fan favorite, Luke Gromen. Trey takes the opportunity to dig into Luke’s worldview and take on the macro landscape we’ve been witnessing over the last few months.IN THIS EPISODE, YOU'LL LEARN:
(02:03) What is incentivizing the Fed and policymakers to continue their QE efforts.
(39:55) Peak Cheap Oil and its effects on the burgeoning EV market and underlying commodities.
(50:07) How gold might be positioning itself as a new wealth r
BTC037: Tech Entrepreneur To Bitcoin Investor w/ Jay Gould (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:38 - How Jay Gould got his start as an entrepreneur
17:15 - What Jay thinks is a replicable part of entrepreneurship
19:25 - What tech ideas has Jay excited now
30:00 - The legal battles Jay faced after starting one of the most popular websites in the world
35:36 - Advanced negotiations against people like billionaire Mark Cuban.
01:05:02 - Jay's Bitcoin story
01:23:36 - Jay's thoughts on Elon Musk entering Bitcoin
01:31:04 - Jay's concerns with the spe
TIP366: Billion Dollar Loser w/ Reeves Wiedeman
Stig Brodersen speaks with Reeves Wiedeman and learns the unfiltered story of The Rise and Fall of WeWork and co-founder Adam Neumann. IN THIS EPISODE, YOU'LL LEARN:
(04:12) How WeWork got started.
(19:53) How WeWork tried becoming a tech company with a 16-year-old Director of IT.
(27:29) How Softbank made a $4.4B investment in WeWork on a napkin.
(35:08) Whether or not CEO Adam Neumann was a true believer of a con artist.
(37:07) How WeWork went from a $96B valuation to single digits
TIP365: Has Inflation Peaked? w/ Richard Duncan
In today’s episode, Trey Lockerbie sits down with global macroeconomist and author, Richard Duncan. Richard gives a masterclass on global economics and how he believes credit growth is essential to economic growth.IN THIS EPISODE, YOU'LL LEARN:
(01:16) Is capitalism a thing of the past?
(36:56) How much can our government monetize our debt.
(50:13) Has inflation peaked along with credit?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND
BTC036: Bitcoin Mining Update w/ Harry Sudock (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:14 - Harry's Background in Finance and Bitcoin
04:05 - Harry's thoughts on balance sheets becoming more important moving forward
10:51 - How mining businesses in the US and abroad are purchasing hardware
13:39 - Harry's thoughts on the great mining hardware migration out of China
36:06 - Does hash rate drive price or does price drive hash rate?
41:56 - Harry's thoughts on the ESG mining council
42:29 - Geothermal mining
50:53 - Harry's thoughts on regul
TIP364: How to Invest in Alternative Assets w/ Michael Weisz
In today’s episode, Trey Lockerbie sits down with Michael Weisz, the founder and President of Yieldstreet, which is a platform that serves up offerings in alternative asset classes.IN THIS EPISODE, YOU'LL LEARN:
(01:54) Why you should consider diversifying into alternative assets
(22:20) How these investments have long been inaccessible for retail investors and how Yieldstreet has changed that
(38:11) Deep dives into legal, aviation, commercial real estate, and much much more
*Disclaime
TIP363: The Game of Investing w/ Bing Gordon
In today’s episode, Trey Lockerbie sits down with Bing Gordon. Bing is a legend in the silicon valley world, having first been a co-founder of Electronic Arts (EA), then went on to be a director at Zynga, Audible, Zume, Duolingo, and others. For the last 18 years, he’s also sat on the board at Amazon. He’s now sitting on the other side of the table, as a partner at the prestigious VC firm, Kleiner Perkins Caufield & Byers.IN THIS EPISODE, YOU'LL LEARN:
(04:01) The gaming industry an
BTC035: A Bitcoin Debate/Discussion w/ Greg Foss & David Collum (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
03:58 - Dave and Greg's thoughts on the bond market resolving its potential mispricing
12:27 - Thoughts on the current bull market in bonds despite high inflation
15:34 - How Dave views markets moving forward in the next ten years
42:01 - What are Dave's reservations about Bitcoin?
43:55 - Dave's thoughts on large investors and entities entering Bitcoin
57:56 - Thinking about Bitcoin as an expected value problem
01:06:31 - Bitcoin's immediate clearance att
TIP362: Amazon Unbound w/ Brad Stone
In today’s episode, Trey Lockerbie sits down with Brad Stone, the Senior Executive Editor for Global Technology at Bloomberg. Brad is also a New York Times and Wall Street Journal bestselling author of titles such as The Everything Store, The Upstarts as well as his new book Amazon: Unbound. IN THIS EPISODE, YOU'LL LEARN:
(02:07) Why his first book on Amazon deserved a sequel
(11:05) Amazon’s explosive growth in multiple industries, as well as failures like the Fire phone.
(25:36) The
TIP361: The Race for Space w/ Ben Claremon & Eugene Robin
In today’s episode, Trey Lockerbie welcomes back Ben Claremon and Eugene Robin from Cove Street Capital. They quickly touch on the performance of Lumen Technologies, a stock they pitched on our show back in December 2020, whose price subsequently has risen 50% in Q1. But for this episode, Claremon and Robin mainly discuss the Race to Space and their position in Viasat. If you only follow the headlines, you would think Elon Musk is on an unencumbered path to space domination, especially
BTC034: Bitcoin as Legal Tender & Near-Zero Exchange Fees w/ Jack Mallers (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
04:02 - Jack Mallers' recent El Salvador announcement and what it all means
15:12 - Creating equity versus always being an employee
27:08 - What is the user interface like in El Salvador for Strike users?
32:53 - How is Jack going to bring near-zero exchange fees for buying Bitcoin to Strike?
42:35 What impact do near-zero fees have on other exchanges that offer Altcoins?
54:16 Which other countries contact Jack?
01:01:30 - What does opening a Strike API m
TIP360: Inside The Money Mind of Warren Buffett w/ Robert Hagstrom
In today’s episode, Trey Lockerbie sits down with Chief Investment Officer and New York Times bestselling author, Robert Hagstrom. Robert has written multiple books, especially on Warren Buffett including The Warren Buffett Way, The Warren Buffett Portfolio, Investing The Last Liberal Art, and his latest book Warren Buffett: Inside The Ultimate Money Mind. IN THIS EPISODE, YOU'LL LEARN:
(05:08) The evolution of Warren Buffett’s investing style
(03:07) The meaning behind the phrase “Mone
TIP359: The Rise and Fall of Archegos and Discovery w/ Andrew Walker
In today’s episode, Trey Lockerbie sits down with one of his favorite portfolio managers, Andrew Walker from Rangeley Capital. Trey took the opportunity to dig deeper on SPACs with Andrew, who is currently running a SPACs focused fund. This episode has been recorded in early June and a few weeks later, Pershing Square announced a 10% SPACquisition of Universal Music Group, which was not listed in the rumored roster of prospects, but makes the conversation even more interesting.IN THIS E
BTC033: Important Bitcoin Considerations w/ Tuur Demeester (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:33 - Why Tuur's account became more private
05:54 - What are the main changes in the Bitcoin space since 2017?
06:14 - Tuur's thoughts on mining
10:11 - The 28% difficulty adjustment and China
38:41 - The Bitcoin reformation article
01:00:09 - Ethereum vs. Bitcoin
01:00:41 - PoS vs. PoW
01:12:26 - Defi in general and on Bitcoin
01:16:02 - Stable coins and tether
01:17:44 - Thoughts on generating Alpha with Bitcoin
*Disclaimer: Slight timestamp discrepan
TIP358: Inflation Hedging with Farmland w/ Carter Malloy
On today’s show, Stig Brodersen speaks with the CEO of AcreTrader Carter Malloy about Farmland investing. With rising inflation and Bill Gates being America’s top farmland owner with a $690 million investment, we want to understand the nuts and bolts of the $9 Trillion asset class. IN THIS EPISODE, YOU'LL LEARN:
(01:45) Why Farmland investing is hedging your inflation exposure
(14:52) What are the risks when investing in Farmland
(34:35) Disruption in Farmland investing, including globa
TIP357: The New Era of Investing w/ Ross Gerber
In today’s episode, Trey Lockerbie sits down with Ross Gerber, the CEO of Gerber Kawasaki - a financial advisory firm which currently manages over $1.9 billion. Ross helped pioneer the popularity of what we now know as Fintwit - essentially using Twitter and other social media platforms for financial content and discussion. He’s a regular on Bloomberg and CNBC as well as a contributor to Forbes.IN THIS EPISODE, YOU'LL LEARN:
(01:37) The recent statements from FED chairman, Jerome Powell
BTC032: Bitcoin Mining & Entrepreneurship w/ Jason Williams (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
01:53 - Learn about Jason's first company that he sold for 300 million
08:24 - Jason's thoughts about growing a business to a national level
15:51 - Jason's thoughts on leadership
32:28 - How Jason started his Bitcoin mining business
40:40 - Jason's thoughts on Bitcoin mining and China
41:50 - China's hash rate migration to other domains
47:32 - Jason's thoughts on El Salvador
01:05:09 - Jason's best advice to new Bitcoiners
01:09:31 - How Jason got involv
TIP356: Investing Mastermind Q2 2021
For this week’s Mastermind discussion, Stig Brodersen has invited Tobias Carlisle from Acquirer's Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is how they can best help the TIP Community.IN THIS EPISODE, YOU'LL LEARN:
(01:41) How to think about cycles in value investing
(19:54) How to create your own free MBA
(34:27) The tax advantages you get with ETF investing
(43:52) Why Franklin Covey is vastly undervalued
BOOKS AND
BTC031: Investments in Bitcoin Tech w/ Alyse Killeen (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
04:25 - How Alyse Killeen got started in Bitcoin and Venture Capital
13:45 - What Alyse looks for when finding a great company in the Bitcoin space
15:20 - What the board room conversations sound like today
20:21 - Alyse thoughts on Defi and smart contracts on Bitcoin
25:07 - How Lighting will evolve in the coming 5 years
33:11 - How stable coins will evolve moving forward
39:31 - How the lending and borrowing market will progress in the future
50:16 - Her
TIP355: Why Facebook Is A Value Stock w/ Bill Nygren & Mike Nicolas
In today’s episode, Trey Lockerbie welcomes back Bill Nygren and Mike Nicolas from Oakmark Funds, which currently manages over $60B in assets. When Bill and Mike were on the show last time back in April of 2020, we discussed Bank of America. Since then, BOA’s stock price has risen over 100%, so Trey takes the opportunity to discuss how they value the stock today. But, the main point of today's discussion is to take a deep dive into a potentially surprising value pick: Facebook. IN THIS
TIP354: Building Berkshire 2.0 w/ Chamath Palihapitiya
In today’s episode, Trey Lockerbie sits down with Chamath Palihapitiya. Chamath is the founder and CEO of Social Capital, his conglomerate focused on solving climate change and inequality, which he has referred to as Berkshire Hathaway 2.0. Chamath was an early executive at Facebook and then went on to become a super successful Venture Capitalist, with early investments into Amazon, Tesla, Slack, and Bitcoin. He’s also now the Chairman of Virgin Galactic and a part-owner of the Golden S
BTC030: Bitcoin Security and Self Custody w/ Nick Neuman (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Blockchain technology doesn't work for CBDC
The difference between Public and Private keys
What is XPub?
What is multi-sig, and why is it important?
Seed Storage
Security concerns that people might have overlooked
Firmware updates on hardware wallets
Why the taproot upgrade is important
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Ni
TIP353: The Best Performing Asset Is Not Bitcoin w/ Marin Katusa
In this week’s episode, Trey Lockerbie sits down with NYT best-selling author and investor, Marin Katusa. Marin is a contrarian value investor who specializes in gold, uranium, rare earth, and most recently, carbon credits.IN THIS EPISODE, YOU'LL LEARN:
00:01:45 - How we should view the recent performance of gold and silver, as inflation starts to rise
00:07:16 - How uranium is an asymmetric opportunity but comes with a lot of nuances
00:20:44 - How Carbon Credits are the best-performi
BTC029: Jack Dorsey's Involvement in Bitcoin & Jack Maller's El Salvador Announcement W/ Alex Gladstein (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Learn why Jack Dorsey is so bullish on Bitcoin
What surprised Alex the most in his interview with Jack
Jack's thoughts on other crypto tokens
Alex's thoughts on the PetroDollar system
El Salvador's announcement on Bitcoin being legal tender
Sovereign game theory
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Alex Gladstein on Twitter
Alex
TIP352: Mastermind Q2 2021
In today’s episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra for the Mastermind Discussion of Q2 2021. Together, they discuss where they see value in the financial markets. They try and shoot holes in each other’s stock picks and help each other as much as possible.IN THIS EPISODE, YOU'LL LEARN:
Whether now is the time to invest in gold miners
Why Hari is long Splunk Technologies whereas Toby is shorting the same pick
What social commerce is and how it will be the n
BTC028: Bitcoin Update w/ Plan B & Dr. Adam Back (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
When will Bitcoin's volatility potentially impact the broader global economy?
The current on-chain analytics
China Mining update
Bitcoin derivatives and how they impacted the sell-off
Proof of Work versus Proof of Stake
Security tradeoffs
Are institutional investors still putting Bitcoin on the balance sheet?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other co
TIP351: The Psychology of Money w/ Morgan Housel
In today’s episode, Trey Lockerbie sits down with Morgan Housel, who is a partner at Venture Capital and PE firm Collaborative Fund. He’s a former columnist at The Motley Fool and Wall Street Journal, and also the author of the international best-selling book, The Psychology of Money.IN THIS EPISODE, YOU'LL LEARN:
How time is the biggest factor in Warren Buffett’s success
How Ben Graham wouldn’t read his own book today
How success is a lousy teacher
How Risk and Luck go hand in hand
And
BTC027: The Bitcoin Rewards Trojan Horse w/ Will Reeves (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is Fold all about
Will Reeves' background in tech
How Will built Fold from the ground up
How rewards programs work with vendors for discount gift cards
How Fold is using the lightning network for processing some payments
How Fold and Strike worked interoperably without any permissions
How Fold will service all Bitcoin rewards for Visa customers moving forward
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock
TIP350: Berkshire Hathaway Annual Shareholders Meeting 2021 w/ Stig and Trey
In today’s show, Stig and Trey discuss the 2021 Berkshire Hathaway Annual Shareholders meeting. They play the most insightful responses from Warren Buffett and Charlie Munger and explain the implications to stock investors. IN THIS EPISODE, YOU'LL LEARN:
Why Buffett wasn’t greedy when others were fearful during the pandemic
Why Buffett sold Apple stocks, and whether Munger agreed with the decision
What Warren Buffett and Munger think about Modern Monetary Theory
What we can learn fro
BTC026: Bitcoin Mastermind w/ Lyn Alden & Jeff Booth (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What Elon Musk's impact will be w/ Bitcoin
Bitcoin energy concerns
Bitcoin centralization concerns
Bitcoin Payment times
Stanley Druckenmiller's comments on the dollar losing global reserve status
How are corporate boards viewing the Bitcoin volatility
How Bitcoin helps fix an inflationary monetary system
Ethereum's bull run versus Bitcoin's bull run
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing dis
TIP349: Why You Should Be Investing In Art Shares w/ Scott Lynn
On today’s episode, Trey Lockerbie sits down with internet entrepreneur Scott Lynn, who most recently founded the company Masterworks, which allows smaller investors to invest in multi-million dollar pieces of art. IN THIS EPISODE, YOU'LL LEARN:
Why you should consider Art as part of your portfolio
What are the risks involved, but also, the potential rewards
Where to start when examining the art market
How you can get started, and much much more
BOOKS AND RESOURCES
Join the exclusive TI
BTC025: Bitcoin Security & Lending w/ Parker Lewis & Joe Kelly (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Joe Kelly founded Unchained Capital Management
Why are people willing to borrow at such high interest rates when traditional borrow has such low interest rates
What direction do they see interest rates going in the coming year
When will people be able to make deposits and earn interest while still controlling 1 of 3 private keys
Where do they see the space in 5 years
Parker's thoughts on the lightning network
BOOKS AND RESOURCES
Join the exclusive TIP
TIP348: Will Artificial Intelligence Take Over The World? w/ Cade Metz
In 2020, there were six companies that made up 25% of the S&P 500 and you know which ones they are: Facebook, Amazon, Apple, Netflix, Google, and Microsoft. The common denominator driving the growth for all of these companies is Artificial Intelligence. Google’s CEO, Sundar Pichai has described the development of AI as “more profound than fire or electricity,” but it is still very misunderstood. Everyone has a sci-fi image that appears in their head when they hear about AI, but what
BTC024: Plan B & Adam Back on Bitcoin Contango & Derivatives (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Adam and Plan B's opinions on the current market conditions
What Adam and Plan B believe is causing the massive contango trade
What Adam and Plan B think the implications of the contango trade could mean for Bitcoin moving forward
Where they think we are currently at in the market cycle
Thoughts on Bitcoin Fungibility
Bitcoin Hashrate drop
Lightning adoption
Why do you think Satoshi picked every 4 years for a halving cycle
BOOKS AND RESOURCES
Join the excl
TIP347: Value Investing in 2021 w/ Mohnish Pabrai
On today’s show, Stig Brodersen talks with famous value investor Mohnish Pabrai. They explore Mohnish Pabrai's new investment framework and how retail investors can clone it.IN THIS EPISODE, YOU'LL LEARN:
Why 2020 has been the year where Mohnish Pabrai learned the most since he found Warren Buffett in 1994
Why the Spawning framework is, and why it’s better than buying back shares
Where Mohnish would like to add to his circle of competence with no time cost
Why watching paint dry is the
BTC023: Bitcoin's International Impact w/ Alex Gladstein (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Alex got started in Bitcoin many years ago
How the Human Rights Foundation (HRF) thinks Bitcoin can help
Bitcoin, hashing, and China
What are the biggest barriers to entry for people in less fortunate areas
Bitcoin in Venezuela, Turkey and other areas that have high levels of debasement
Lightning network versus on chain Bitcoin
Alex's thoughts on privacy compared to other tokens
Banning Bitcoin and the impact for the countries that have tried
BOOKS AND RES
TIP346: Masterclass in Valuation w/ Chris Bloomstran
On today’s show, Stig has invited famous investor Chris Bloomstran from Semper Augustus to teach us a masterclass about valuation techniques. It’s no surprise that Chris Bloomstran is heavily followed on Dataroma alongside investors like Warren Buffett and Howard Marks.IN THIS EPISODE, YOU'LL LEARN:
How to value a company’s equity portfolio
4 methods to estimate the intrinsic value of Berkshire Hathaway
Why Berkshire Hathaway, contrary to popular belief, doesn’t have a lot of cash on
BTC022: Dr. Adam Back & Bitcoin's Proof of Work (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
How did Dr. Back discover Proof of Work (PoW)?
Is Proof of Work a vital component of Bitcoin's price floor
Blockstreams new initiative into mining
Blockstreams new issuance of a debt note that pays Bitcoin coupons
Using digital tokens on liquid for registry purposes for the note
How mining can reduce volatility while still capturing significant upside
Dr. Back's thoughts on the Bitcoin contango trade.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind C
TIP345: Richer, Wiser, Happier w/ William Green
On today’s show, Stig talks with William Green, the author of “Richer, Wiser, Happier.” They explore how the best investors can teach us not only how to become rich but how to improve the way we think, reach decisions, assess risk, build resilience, and turn uncertainty to our advantage. The best investors are master game players who consciously maximize their odds of long-term success in markets and life while also minimizing any risk of catastrophe.IN THIS EPISODE, YOU'LL LEARN:
How t
BTC021: Bitcoin and Bonds w/ Greg Foss (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What were some early lessons that Greg learned that shaped the way he sees the investing world
How does he think about the long-term debt cycle
How can Bitcoin potentially impact the fixed income market
How can convertible bonds become a catalyst for further Bitcoin adoption
What are his thoughts on the contango trade
His thoughts on the current sell-off in bonds and what it means for yield curve control
How to think about sovereign default swaps and how i
TIP344: A Deep Dive Into Morning Brew's $75M Valuation w/ Alex Lieberman
On today’s episode, Trey sits down with Alex Lieberman, the co-founder and CEO of the wildly popular email newsletter company, Morning Brew. Alex comes from a family with a career history in finance, but set out on his own to pursue Morning Brew, and recently sold it to Business Insider for $75 million dollars. If you want to invest like Warren Buffett, you have to become a student of business, and you do that by diving deep into successful companies to see what their secret sauce is. T
BTC020: Bitcoin & Quantum Computing w/ Andrew Fursman (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What is a quantum computer and why is it important for the future
How does quantum computer threaten encryption
What is a Bloch Sphere and why is it important
Why is quantum so good at solving specific problems
What is the potential timeline for Quantum to achieve the processing required to pose a threat to Bitcoin
What other application are there for Quantum computers beyond cracking encryption
The differences between cracking elliptical curve key generat
TIP343: How to Invest like the Best w/ Ted Seides
In today’s episode, Trey sits down with Ted Seides to talk about how the world’s elite money managers lead and invest. Ted has had an incredible career as an allocator, having started under the tutelage of David Swensen of the Yale Endowment, before starting his own multi-billion dollar alternative investment firm. IN THIS EPISODE, YOU'LL LEARN:
The playbook for Chief Investment Officers of hedge funds or institutions
Where retail investors can have an edge
When to and when not to inves
BTC019: Bitcoin's Layer 2 Lightning Network w/ Ryan Gentry (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What is Bitcoin's second layer?
Where does lightning labs fit into the second layer
What is Lightning pool?
How is liquidity managed on the second layer
Why does a person have an incentive to run a node
Why open channel with other nodes
What are the nodes that will benefit the post from opening many channels
What are the incentives for people to use lightning
What will things like Sphinx chat enable in the future
BOOKS AND RESOURCES
Join the exclusive TIP
TIP342: The Future of Food w/ Billionaire Jim Mellon
In today’s episode, Trey sits down with billionaire, Jim Mellon. They discuss Jim's new book, “Moo’s Law". The book is about the future of food and how we, as investors, can profit.CNBC has referred to Jim as “Britain’s answer to Warren Buffett” and he brings a wealth of knowledge to this very wide-ranging discussion.IN THIS EPISODE, YOU'LL LEARN:
Jim Mellon’s framework for the current market conditions
The future of food
Human longevity
The revolution occurring in sustainable energy
BO
BTC018: Bitcoin Smart Contract w/ Discrete Log Contracts featuring Pierre Rochard & Ben Carman (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What is a Discrete Log Contract (DLC)
How is this different than other smart contract platforms like Root Stock (RSK)
What does this mean long term
How does this apply to the Lightning Network
What does this mean for Ethereum and Binance Smart Chain (BSC)
How do Oracles work with DLCs
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Pierre R
TIP341: Investing Mastermind Q1 2021 w/ Toby Carlisle, Wes Gray, and Jake Taylor
For this week’s Mastermind discussion Stig has invited Tobias Carlisle from Acquirer's Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. All three guests are highly successful asset managers. They’re discussing why it’s too simplistic to argue that low-interest rates are pushing up stock prices and much more. IN THIS EPISODE, YOU'LL LEARN:
How and why Cathie Wood and ARK ETFs are moving the stock market
How to utilize 13 forms in your investment s
BTC017: Bitcoin Onchain Analytics & Timing w/ Charles Edwards (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Charles' thoughts on how to value Bitcoin
What are hash ribbons
What are some Macro factors he's paying attention to
What is the contango trade
Bitcoin's price floor and how it relates to energy costs
Top 3 investing lessons
Bitcoin Tail Risks
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Bitcoin's production cost article by Charles Edwa
TIP340: Hedge Funds, SPACs, and Chocolate w/ Jason Karp
In today's show, Trey Lockerbie is joined by Jason Karp. Jason has had an incredible career, starting as a quant at major hedge funds like SAC Capital, under billionaire Steve Cohen, as well as Carlson Capital, where he became the Co-Chief Investment Officer. He then moved on to start his own fund, Tourbillon Capital, which at its peak managed over $4 Billion in AUM.Along the way, he helped his family start a successful company called Hu, most known for its chocolate bars, which was rec
BTC016: Bitcoin Super-Cycle w/ Dan Held (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Dan's Thoughts on the Overall Macro Landscape
Bitcoin's potential Super-cycle
Kraken exchange data and Bank Charter
Comparing Yield opportunities in lending and Lighting Pool
His opinion on non-financial use cases for blockchains
Where we are at in the technology adoption curve
Bitcoin's security model once the block reward diminishes
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with St
TIP339: Common Sense Investing w/ Joel Greenblatt
Trey Lockerbie is joined by legendary investor, Joel Greenblatt. Joel is the managing director and Co-CIO of Gotham Capital, which has produced spectacular returns for over 3 decades. He is also the author of investing classics like The Little Book that Beats the Market, and You Can Be a Stock Market Genius. On top of that, he is a professor at Columbia University, where he teaches value investing to MBA students.IN THIS EPISODE, YOU'LL LEARN:
Joel Greenblatt’s investing philosophy
The
BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What are the primary differences between peer to peer lending/borrowing and centralized lending
How is HodlHodl different than solutions being provided on platforms like Ethereum
Do lenders even care about what borrowers are doing with the funds?
What are some of the risks associated with peer to peer lending/borrowing
How does HodlHodl manage regulator constraints
What is the significance of keeping 1 of 3 keys when lending & borrowing
BOOKS AND RESOU
TIP338: Current Market Conditions - 27 February 2021 w/ Stig and Trey
On today’s show, Stig and Trey talk about the current state of the stock market. Specifically, they talk about how to interpret the low-interest rate environment, and why they don’t expect the stock market to have topped just yet. IN THIS EPISODE, YOU’LL LEARN:
Why billionaire Stanley Druckenmiller says that this market is the most difficult time ever to write a playbook for
Why commodities are priced to perform well
Why there is an opportunity in emerging markets
How to estimate the
BTC014: Bitcoin Mining and Energy w/ Marty Bent and Harry Sudock (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Does China control all the Bitcoin mining?
Bitcoin uses so much energy, isn't that an issue?
How Bitcoin is increasing productivity by reducing methane flaring
How Bitcoin is slowly changing the power grid (for the better)
Is it better to invest in Bitcoin mining or just buy Bitcoin
How likely is it until we start to see homes equipped with energy efficient tools to mine Bitcoin
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in m
TIP337: How to Identify Value in Commercial Real Estate w/ Ian Formigle
On today’s show, we speak with Mr. Ian Formigle, about the COVID-19 impact and how to identify value in commercial real estate. Ian has over 24 years of experience in the Real Estate market, while his company has over 400 offerings with over $13 billion in commercial real estate.IN THIS EPISODE, YOU'LL LEARN:
How to value commercial real estate
How to take advantage of the trends not fully priced into the market
The best 5 cities to invest in
Which habits we have changed and the impac
BTC013: Bitcoin Lending & Borrowing w/ Blockfi's Zac Prince & Mark Yusko (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What are the basics of how Bitcoin lending works
What is over-collateralization
What are some of the risks w/ Blockfi
How does Blockfi protect against institutional lending that isn't over-collateralized
How does Blockfi manage the escrow for depositors
What is the future going to bring for Blockfi
Does Zac Prince think lending rates will go higher
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discu
TIP336: Mental Models Used by Billionaires w/ Sahil Bloom
In today's episode, Trey Lockerbie interviews Sahil Bloom. Sahil is a Vice-President at a Private Equity Firm, as well as a frequent contributor to CNBC. He also holds a degree in economics, and a master's degree in public policy, both from Stanford University.Sahil is a rising star in finance, who recently blew up on Twitter, going from 500 followers to now over 100,000 followers in about 6 months time, primarily due to his thoughtful stories on business and his simple breakdown of com
BTC012: Bitcoin On-Chain Analysis w/ Plan B & Willy Woo (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What are some of the most important trends and data Plan B and WIlly Woo are looking at today
What are their thoughts on a mature derivatives market having on the price
Thoughts on the impact of CBDC
Thoughts on the India ban
Impact of Tether
What is Willy's Go-To chart
Willy's pricing model Vs Plan B's
Thoughts on the Lightning Network
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with
TIP335: Mastermind Q1 2021 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Preston and Stig speak to Tobias Carlisle and Hari Ramachandra for the Mastermind Discussion of Q1 2021. Together, they sit down and talk about where they see value in the financial markets.They try and shoot holes in each other's stock picks and help each other as much as possible. It's a fun conversation that shows how they currently think about investing in these extraordinary times. IN THIS EPISODE, YOU'LL LEARN:
Whether equities can be a temporary placeholder fo
BTC011: Bitcoin & Traditional Finance w/ Andy Edstrom (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
How typical financial managers deal with clients interested in Bitcoin
Regulatory Limitations for most fund managers
Bitcoin ETFs
What's the right portfolio size
What's Andy's biggest FUD buster
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Andy's book, Why Buy Bitcoin
Andy's Twitter
Andy's Bio at SwanBitcoin.com
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TIP334: Disruptive Innovation w/ Cathie Wood
On today's show, we have Cathie Wood from Ark Invest. Ark’s ETFs are fascinating and have been outperforming the market by a wide margin over the last year. For example, Ark’s Innovation ETF returned over 170% in the last year and it is now actively managing over $50 billion dollars.IN THIS EPISODE, YOU'LL LEARN:
How innovation is often not priced into the market
How Wrights Law can help determine future returns
The 5 main areas of disruption that ARK is focused on and much much more
BO
BTC010: Bitcoin & Layered Money w/ Nik Bhatia (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
The history of Florentine Mint and how it changed European banking
A background on double entry book keeping
Counterparty risk and how it impacts markets
The importance of Disciplinary Constraint in banking
Thoughts on the Velocity of Money
Thoughts on the governments' ability to shut down Bitcoin
What would make Nik change his mind about Bitcoin
Nik's thoughts on Bitcoin regulation
What would a yield curve look like with Bitcoin
Thoughts on the new admini
TIP333: Trend Following w/ Niels Kaastrup-Larsen
On today’s show, we have a veteran of the finance industry, Mr. Niels Kaastrup-Larsen. We discuss how simulations of trend following work together with an equities portfolio, and how models built on historical data perform in a year with a pandemic that we have never seen before.Niels has been part of the hedge fund industry for more than 25 years. Throughout that period of time, he's implemented a trend-following approach to investing. IN THIS EPISODE, YOU'LL LEARN:
Why trend following
BTC009: Bitcoin Engineering w/ Core Developer Jimmy Song (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
How are Bitcoin updates generated between developers
How are Bitcoin updates released once complete
How are new versions tested and agreed to
What happens if updates aren't used by full node operators
Why full node operators are important versus why miners are important
51% attacks
Quantum computing and it's potential threat to Bitcoin
Other engineering threats to Bitcoin
Jimmy's thoughts on interesting software initiatives moving forward
BOOKS AND RESOURC
TIP332: Long-Term Investing w/ Tom Gayner
In today’s episode, we sit down with legendary investor, Tom Gayner, Co-CEO of Markel Corporation. Markel has been referred to as a “Baby Berkshire”, because it is structured similarly to Berkshire Hathaway, and has produced stellar results.Tom has been producing investment returns in the high teens for Markel Corp for over 30 years and was kind enough to give us incredible insight into his investment strategies and philosophies. IN THIS EPISODE, YOU'LL LEARN:
Why investing is sometimes
BTC008: Bitcoin & Macro Mastermind Discussion w/ Lyn Alden & Luke Gromen (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
About the current state of commercial Real Estate
The impact mid and small cap businesses are having on the real economy
Thoughts on UBi in 2021 versus more QE
Stable coins and using blockchains for bank clearing
Tether concerns
Lyn's thoughts on Ethereum
Signals for another liquidity crunch
S2F and a final cycle
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the othe
TIP331: Inflation w/ Cullen Roche
On today's show, we bring back investment expert, Cullen Roche, to talk about inflation, the state of the economy, and whether there is a rational argument for stocks trading at 50x earnings.IN THIS EPISODE, YOU'LL LEARN:
Why money supply expansion is not equal to inflation
Understanding the new rules of bond investing in today’s inflation and interest rate environment
How to protect your portfolio against inflation
Whether there is a rational argument for stocks to be trading at 50 t
BTC007: Bitcoin Disrupting Payment Clearing Houses w/ Jack Mallers (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Why is a second Layer Bitcoin Network needed
What are the basics of the Bitcoin Lightning Network
What is Bitcoin the network versus Bitcoin the store of value
How the Bitcoin network is drastically reducing the cost of clearing payments
Jack Mallers thoughts on inflation & Bitcoin payment opportunities
Jack's Strike app and NFL superstar Russell Okung
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investi
TIP330: Warren Buffett - w/ Lawrence Cunningham
In today’s episode, we sit down with author and George Washington University Professor of Law, Lawrence Cunningham. Most known for his wildly successful publication of Warren Buffett’s Essays, Lawrence is the most prolific researcher and author of Buffett and Berkshire, having written over two dozen books on the topic. This was a very fun and wide-ranging discussion, so sit back and enjoy our discussion with Lawrence Cunningham. IN THIS EPISODE, YOU'LL LEARN:
What separates Warren Buffe
BTC006: Bitcoin & the Macro Backdrop - w/ Brent Johnson from Santiago Capital (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
How Brent views the macro landscape
Brents opinions on different "pools" of money in the greater economy
Why scare assets are going to continue to dominate the investing landscape
How to think about position size
Brent's risks for Bitcoin
How much Bitcoin should be in your portfolio
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Brent John
TIP329: Value Investing - w/ John Huber, Tobias Carlisle, and Wes Gray (Business Podcast)
For this week’s episode, Stig has invited John Huber from Saber Capital management, Tobias Carlisle from Acquirer's Fund, and Dr. Wes Gray from Alpha Architect. All three guests are highly successful asset managers. They talk about different value investing concepts that all investors should know.IN THIS EPISODE, YOU'LL LEARN:
How to know what you don’t know
How to make and lose money in market cycles
How to have the right amount of risk in your portfolio
Which investment advice you sho
BTC005: Bitcoin & Michael Saylor - A Masterclass in Economic Calculation (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
How Michael Saylor defines Inflation, risk premiums and hurdle rates
The fundamentals of Microstrategy
Why he's putting Bitcoin on his balance sheet
Why he issued convertible debt to buy more bitcoin
How other companies will likely follow suit
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Michael Saylor's twitter
Michael Saylor's company
TIP328: Balanced Portfolio Allocation - w/ Damien Bisserier & Alex Shahidi (Business Podcast)
In today’s episode, we sit down with Alex Shahidi and Damien Bisserier from Evoke Advisors, to discuss balanced portfolio allocation tactics used by billionaires like Ray Dalio.Damien used to work for Dalio at Bridgewater Associates - the largest Hedge fund in the world with more than $160B under management, while Alex has over 20 years of experience managing billions of dollars for his clients. We discuss why, after years of research, Alex and Damien have concluded that a portfolio bas
BTC004: Bitcoin Tech & Future Growth w/ Blockstream's Samson Mow (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
The early days of Blockstream
The fork wars and why they were important to future growth
What is transaction value per second and why's it important
Where he sees Bitcoin in the next five years
The Lightning Network
Liquid
Green and Aqua
Security & utility tokens on top of Bitcoin
Blockstream satellites
Gaming and Bitcoin
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay,
TIP327: COVID-19, Vaccine, and the US Economy - w/ Ed Harrison (Business Podcast)
On today's episode, Stig and I speak with Ed Harrison, the editor at Real Vision TV. Ed talks to us about current market conditions and how investors should position themselves accordingly. We'll discuss the accelerating debt situation across the globe and the opportunities and constraints for investors. In addition, we'll cover the continued massive money printing and the impact on the economy, not only as investors but as citizens.IN THIS EPISODE, YOU'LL LEARN:
Why facing a double-dip
BTC003: Bitcoin & A Deflationary World w/ Jeff Booth (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Work being done on the lightning network for payments
What a deflationary world would look like
What would the price of real estate look like
How might the stock market get repriced
Other technology impacts Bitcoin might have on policy
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jeff Booth's book, The Price of Tomorrow
Jeff Booth's twi
TIP326: Intrinsic Value of Lumen with Ben Claremon and Eugene Robin (Business Podcast)
On today’s show we speak to Ben Claremon and Eugene Robin from Cove Street Capital about the intrinsic value of Lumen. Lumen Technology is a new name for a merged entity between Level 3 and CenturyLink.We discuss how Level 3 holds the hidden upside value while only being one-third of the new entity, and CenturyLink's dying business model is distracting the market attention. Ben and Eugene make a great case for why there may be a special situation between the two right around the corner
BTC002: The Case For Bitcoin w/ Vijay Boyapati (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
Top tips for people entering Bitcoin for the first time
Thoughts on alt coins
Why does the world need Bitcoin
How money evolves in four phases
The ownership distribution of gold and bitcoin
Thoughts on Defi
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
All of Vijay Boyapati's incredible writings on Bitcoin
Vijay Boyapati's twitter accoun
TIP325: Real Estate Investing with BiggerPockets (Business Podcast)
When we talk about Real Estate investing, the community that first comes to mind is BiggerPockets. We are excited to welcome the hosts of BiggerPockets, Brandon Turner, and David Greene. BiggerPockets is the world's largest real estate community, and Brandon and David guide their audience through the complexities of real estate investing. Today they will share tips on how to diversify into real estate if you're a stock investor. In addition, we'll talk about how to value properties and
BTC001: Bitcoin Common Misconceptions w/ Robert Breedlove (Bitcoin Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What's the fundamental problem Bitcoin intends to solve
What is sound money
Governments will never allow it!?
How is Bitcoin's supply actually fixed?
Central Bank game theory
What is Bitcoin's Number Go Up Technology?
But the price is so volatile
Thoughts on the Stock to Flow model
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
All of Robe
TIP324: The Great Reset w/ Luke Gromen (Business Podcast)
Luke Gromen is the Founder of the macro-thematic research firm, The Forest for the Trees. He’s one of the leading experts on everything happening in the global economy today.IN THIS EPISODE, YOU’LL LEARN:
Why banks will be a smaller part of the S&P500 in the future.
How to invest in an unsafe macro environment.
Why we’re approaching a bursting sovereign global debt bubble.
Why a rising price of bitcoin could force up the price of gold.
·Ask The Investors: How do I buy and store bitc
TIP323: Mastermind Discussion 4Q 2020 (Business Podcast)
We bring back our Mastermind Group with Toby Carlisle and Hari Ramachandra, where we go around the room and we make a pick in the stock market. We talk about why we think there’s value, and we help troubleshoot each other’s picks.IN THIS EPISODE, YOU’LL LEARN:
What is the intrinsic value of Diamond Hill Capital Management?
What is the intrinsic value of Oracle?
What is the intrinsic value of Footlocker?
Why Reliance Industries is a bet on the growth of India.
Why Preston is doubling dow
TIP322: Raoul Pal - Macro Overview for 4th Q 2020 (Business Podcast)
Raoul Pal has decades of experience in financial markets and is the Founder of the popular media company, Real Vision. During the show, we talked about all the hot macro topics going on at the end of 2020, inflation, deflation, the idea of a new Bretton Woods, central bank, digital currencies, Bitcoin, MMT, and much more. IN THIS EPISODE, YOU’LL LEARN:
Are we in an inflationary or deflationary environment?
Why interest rates will turn negative in the US.
Why bitcoin is consuming all oth
TIP321: Investing & The Brain w/ John Gald (Business Podcast)
John Gald has over 15 years of experience practicing on the brain and various specializations like epilepsy and numerous others. During the show, we cover some really fascinating topics on how the brain affects investing. IN THIS EPISODE, YOU’LL LEARN:
How we process information subconsciously and how we can take advantage of it .
How reflexivity functions between the conscious and subconscious mind.
How the brain tricks us into making investing mistakes.
How the best investors use the
TIP320: Negotiations w/ Former FBI Agent Chris Voss (Business Podcast)
Chris Voss talks all about negotiations. Chris is the bestselling author of the book “Never Split the Difference.” He is an adjunct professor at Georgetown University, and has spent 24 years in the FBI crisis negotiation unit.IN THIS EPISODE, YOU’LL LEARN:
Why you would like your counterpart to say “No” and not “Yes” when you negotiate with them.
Why you need agreement from your counterparty three times to close a business deal.
How to use loss aversion to your advantage in negotiations
TIP319: Intrinsic Value Assessment of Charles Schwab w/ Arif Karim (Business Podcast)
Arif Karim talks about a deep value pick, Charles Schwab. After graduating from MIT more than two decades ago, Arif entered the financial investment space. He’s now the senior investment analyst at Ensemble Capital Management. IN THIS EPISODE, YOU’LL LEARN:
What is the intrinsic value of Charles Schwab?
The importance of networking effects in wealth management.
Why the two most important metrics in wealth management is AUM growth and NIM.
How to value a financial service company.
What t
TIP318: The Passive Investing Impact w/ Mike Green (Business Podcast)
Michael Green has some fascinating insights surrounding passive investing and the systematic risk it potentially poses to the overall market. Michael is a professional investor who has multiple decades managing tens of billions of dollars. Michael is the former portfolio manager for billionaire Peter Thiel’s macro investment firm, and is now the partner and chief strategist at Logica Funds. IN THIS EPISODE, YOU’LL LEARN:
The relationship between the velocity of money and liquidity.
Why
TIP317: Intrinsic Value Assessment of Fairfax w/ Jake Taylor (Business Podcast)
Jake Taylor takes us on a deep dive intrinsic value assessment of the company Fairfax Financial Holdings. The purpose of these episodes is to give the audience a thorough discussion and analysis of companies so they can pick up on the key considerations and questions for other companies and a similar sector, or even for just a general analysis of a stock. IN THIS EPISODE, YOU’LL LEARN:
What is the intrinsic value of Fairfax Financial Holdings?
What is the intrinsic value of Fairfax Afri
TIP316: Current Market Conditions w/ Preston & Stig (Business Podcast)
Stig and Preston cover the current market conditions, changes in Warren Buffett’s portfolio, a couple different stock picks that are coming up on their value filter, and the optimal asset allocation mix right now with everything going on.IN THIS EPISODE, YOU’LL LEARN:
Why Warren Buffett is buying Bank of America.
Which stocks Warren Buffett is selling right now.
Why Warren Buffett has bought into Japanese trading houses.
Which stocks Preston and Stig find interesting given the current m
TIP315: Gold and Gold Miners w/ Marin Katusa (Business Podcast)
This episode is a deep-dive into gold and gold miners. Marin Katusa comes with a wealth of experience, having sat on boards of publicly traded companies and having arranged over a billion dollars in financing for various deals in the commodity sector. IN THIS EPISODE, YOU’LL LEARN:
Why the performance of gold miners are lagging the performance of the price of gold.
How to invest in gold miners.
The details of Warren Buffett’s investment in gold.
Why the fear of deflation keeps Chair of
TIP314: Thoughts from Ray Dalio, Eric Schmidt, Peter Thiel, & Sam Zell on the Current Economy (Business Podcast)
We’ve collected some important audio clips from some of the most prominent investors in the world. The clips cover topics such as hospitality, real estate market, education, social media monopolies, for sales from Chinese governments to U.S. based businesses, and much more.IN THIS EPISODE, YOU’LL LEARN:
Where Ray Dalio predicts money to flow after COVID-19 is over.
How Peter Thiel thinks about how technology is changing education from the outside in.
How Sam Zell thinks about the commer
TIP313: Ed Harrison from Real Vision talks about Current Market Conditions (Business Podcast)
Ed Harrison is an expert in investment banking and is an incredible host at Real Vision where he conducts some of the most exclusive discussions with the world’s most influential thinkers in finance. On today's show, he talks about the current market conditions and various investment ideas in the third quarter of 2020.IN THIS EPISODE, YOU’LL LEARN:
How the low yield has changed the investment thesis for growth and value investors.
What is the optimal investing strategy dependent on your
TIP312: Investing In Businesses w/ Great Fundamentals w/ John Huber (Business Podcast)
John Huber, managing partner at Sabre Capital Management joins Preston Pysh and Stig Brodersen to discuss identify high-quality businesses.IN THIS EPISODE, YOU’LL LEARN:
How to identify high-quality businesses and their moat.
How to make growth assumptions for your stock picks.
Why the vast majority of losses in the stock market come from picking the wrong business and not picking the wrong valuation on the right business.
How is the COVID-19 crisis different and similar to other crise
TIP311: Macro Mastermind w/ Lyn Alden, Luke Gromen, & Jeff Booth (Business Podcast)
Lyn Alden, Luke Gromen, and Jeff Booth are some of the best economic thinkers in the world right now. For the 3Q of 2020 macro mastermind discussion, they discuss what’s happening in the world right now.IN THIS EPISODE, YOU’LL LEARN:
Whether we will see a return of the liquidity crisis in the USD.
Whether we have another currency that can replace the USD as the global reserve currency.
Whether the world will continue to exponentially expand the global aggregated monetary baseline.
Why s
TIP310: Mastermind Discussion 3Q 2020 - (Business Podcast)
This week, Preston and Stig has a mastermind discussion with Tobias Carlisle and Hari Ramachandra where they discuss intrinsic value of selected companiesIN THIS EPISODE, YOU’LL LEARN:
What is the intrinsic value of Alphabet Inc.?
What is the intrinsic value of Berkshire Hathaway?
What is the intrinsic value of E-Trade?
What is the intrinsic value of Brookfield Property REIT?
How Warren Buffett made his greatest trade ever .
Ask The Investors: How can a stock price increase after it has
TIP309: Real Estate & COVID-19 w/ Ian Formigle (Business Podcast)
We talk to Ian Formigle about the structural and infrastructure impacts for all types of real estate that COVID is having and what to expect moving forward.IN THIS EPISODE, YOU’LL LEARN:
How has COVID-19 changed the commercial real estate market?
Why you can have the right idea, but the wrong execution in the current market conditions.
How to find value in megatrends in commercial estate in 2020 and beyond.
Why commercial real estate fits into a value investor’s portfolio in volatile m
TIP308: Trend Following Investing w/ Niels Kaastrup-Larsen (Business Podcast)
Niels Kaastrup-Larsen implemented a trend following approach to investing. Through this episode, we discuss the specifics of this style of investing and how it’s so different than all the other styles we’ve ever covered in the past. IN THIS EPISODE, YOU’LL LEARN:
Why should you have trend following in a diversified portfolio?
Why trend following and value investing complement each other well.
How to follow a rule-based strategy and when you should change your rules.
Why the best trend
TIP307: Cullen Roche on Stocks, Inflation, & COVID-19 (Business Podcast)
Cullen Roche talks about the current market conditions and various trade ideas for navigating this landscape. Cullen has managed hundreds of millions of dollars for the past two decades. He is the founder of Pragmatic Capitalism, the author of multiple investing books, and a regular guest on Bloomberg and major financial news outlets. IN THIS EPISODE, YOU’LL LEARN:
The main advantage of centralized currencies.
Why the risk of inflation is more likely to come from the Treasury than from
TIP306: Frontier Investing w/ Kiyan Zandiyeh (Business Podcast)
Kiyan Zandiyeh is the Chief Investment Officer for Sturgeon Capital. He has extensive experience with early-stage business and pioneer investing. Throughout the show, we talk about different countries and how to assess equities inside of those countries.IN THIS EPISODE, YOU’LL LEARN:
How to invest in frontier markets from A-Z.
Why frontier market investing should have a place in any well-diversified portfolio.
How to assess the political and currency risk of a country.
How to do boots
TIP305: The Structural Impact w/ George Gammon & Clips from Ray Dalio & Jeff Gundlach (Business Podcast)
George Gammon talks about the structural impact that COVID is having on the American real estate market and infrastructure.IN THIS EPISODE YOU’LL LEARN:
What COVID is doing to residential real estate in major cities.
What COVID is doing to the infrastructure for colleges & commercial real estate.
FANG Stocks & central banking policy.
Ray Dalio's thoughts on the limits of central banking policy.
Ray Dalio's thoughts on where people need to be positioned based on policy.
Jeff Gund
TIP304: Current Market Conditions w/ Preston and Stig (Business Podcast)
Stig and Preston talk about the current market conditions and what kind of investments they think will perform in such a challenging environment. They talk about two different specific stock picks that have good valuations and good momentum characteristics.IN THIS EPISODE YOU’LL LEARN:
How Preston and Stig’s valuation process has changed since they started We Study Billionaires in 2014.
How moats in the 21st century are different than in the 20th century.
Why a gold standard is inflatio
TIP303: Investing During Chaos w/ Lyn Alden (Business Podcast)
Lyn Alden talks about how discount rates have changed, how investors should be thinking about risk-free rates, investing in nominal terms versus buying power terms, and more.Lyn has been in the investment research space for more than 15 years, and she’s a contributor to major publications like Forbes, Business Insider, CNBC, and many others.IN THIS EPISODE YOU’LL LEARN:
How money is printed and why it has changed.
What is the role of swap lines during the COVID-19?
Why you should use th
TIP302: Investing During COVID-19 & Intrinsic Value Assessment of Intuitive Surgical w/ Arif Karim (Business Podcast)
Arif Karim talks about how he has adjusted his portfolio based on the impacts of COVID-19. He provides an intrinsic value pitch for the fascinating medical technology company, Intuitive Surgical. Arif is the senior investment analyst from Ensemble Capital Management.IN THIS EPISODE YOU’LL LEARN:
How to manage your portfolio during COVID-19.
How to profit from secular trends.
How to value a high growth company.
What is the intrinsic value of Intuitive Surgical?
Ask the Investors: Why is
TIP301: Grant Williams & Luke Gromen Talk Global Macro Economics (Business Podcast)
Preston Pysh and Stig Broderson talk to Grant Williams, the co-founder of Real Vision TV and the popular website, Things That Make You Go Hmmm, and Luke Gromen, the founder of the research firm, Forest for the Trees. IN THIS EPISODE YOU’LL LEARN:
How can the US continue printing dollars without the dollar significantly weakening?
Which role the treasury market has in the geopolitical situation between the US and China?
Whether the US could end up like the Weimar Republic or Venezuela.
TIP300: Current Market Conditions w/ Preston and Stig (Business Podcast)
On this episode, Preston and Stig do a current market update. They cover corporate debt and the Fed.IN THIS EPISODE, YOU’LL LEARN:
Why the FED buying corporate debt is distorting the capitalist system.
What is the relationship between money supply, price inflation, and inflated assets?
How to invest internationally.
Why European big tech companies can’t compete with US and Asia counterparts.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock i
TIP299: Mastermind Discussion 2Q 2020 (Business Podcast)
On today's show Preston and Stig are Joined with Tobias Carlisle and Hari Ramachandra to pitch their favorite stock picks for the 2nd quarter of 2020. IN THIS EPISODE, YOU'LL LEARN:
What is the intrinsic value of Berkshire Hathaway?
What is the intrinsic value of Markel?
What is the competitive advantage of eBay and what is the intrinsic value?
Why Spotify might be undervalued at a $30B valuation even though it’s not making any money
·Ask The Investors: How are Preston and Stig managi
TIP298: Part II - Warren Buffett & the 2020 Berkshire Hathaway Shareholders Meeting (Business Podcast)
On today's show, Preston and Stig have a second part episode cover the Berkshire Hathaway Shareholders Meeting for 2020 (part 2).IN THIS EPISODE, YOU'LL LEARN:
Will Berkshire Hathaway outperform S&P500?
What are the inflationary and deflationary risks for Berkshire Hathaway’s capital intensive businesses?
Why didn’t Buffett repurchase more Berkshire Hathaway stocks so far in the corona crisis?
Can the US government default on its bonds?
Ask The Investors: When do you sell your pro
TIP297: Warren Buffett & the 2020 Berkshire Hathaway Shareholders Meeting Part 1 (Business Podcast)
On today's show, Preston and Stig cover the Berkshire Hathaway Shareholders Meeting for 2020 (part 1).IN THIS EPISODE, YOU'LL LEARN:
Why did Warren Buffett sell his airline stocks?
Whether Warren Buffett recommends that retail investors buy stocks now?
Why Berkshire Hathaway hasn’t acted more in the financial markets during the corona crisis so far.
How does Warren Buffett allocate capital across Berkshire Hathaway.
Ask The Investors: What does “cash is trash” mean?
BOOKS AND RESOURCE
TIP296: Current Market Conditions 9 May 2020 (Business Podcast)
On today's show, Preston and Stig talk about the current market conditions in May 2020. Currently, the stock market continues to rise after record-breaking unemployment and intense government stimulus. IN THIS EPISODE, YOU'LL LEARN:
What is happening in the stock market right now.
How Preston and Stig are positioned in the market.
Whether the US is falling into the same liquidity trap as Japan.
Pros and cons of fiat currencies.
Stock market similarities and differences to 1929.
Ask The
TIP295: Mohnish Pabrai on Value Investing & Philanthropy (Business Podcast)
On today's show, we talk to entrepreneur and value investing legend, Mohnish Pabrai. Mohnish is the founder of Pabrai Investment Funds and has outperformed the S&P500 for two decades. IN THIS EPISODE, YOU'LL LEARN:
How Mohnish Pabrai thinks about biases.
Why and how Mohnish Pabrai uses his checklist in stock investing.
How has the shorter tenure of stock in S&P500 made Mohnish think of compounders.
Why Mohnish started Dakshana foundation.
How Mohnish Pabrai uses his investor mi
TIP294: Inflation - Deflation - Which One Is It? w/ Jeff Booth author of The Price of Tomorrow (Business Podcast)
On today's show, we talk to entrepreneur and best selling author, Jeff Booth. Jeff is the author of, The Price Of Tomorrow, which is a book about why deflation is the key to an abundant future. IN THIS EPISODE, YOU'LL LEARN:
Why we have too much debt and not enough growth in the world.
Why we need monetary policies deflation on a global scale.
Why we won’t have a new Bretton Woods.
Why technology is massive deflationary.
Why and how to invest in businesses that have the best networking
TIP293: Intrinsic Value Assessment of Bank of America w/ Bill Nygren (Business Podcast)
On today's show, Stig and Preston talk with investment experts Bill Nygren and Mike Nicolas from Oakmark Funds. The topic is determining the intrinsic value of a company and the company being assessed is Bank of America. IN THIS EPISODE, YOU'LL LEARN:
How to estimate the intrinsic value of Bank of America.
How to understand bank valuations based on tangible book value.
How to read the yield curve and what it means for profitability for banks.
How to understand the competitive situation
TIP292: Understanding the Chinese Economy w/ Leland Miller (Business Podcast)
On this podcast, Stig Brodersen talks with Leland Miller who's an investment expert on the Chinese economy. IN THIS EPISODE, YOU'LL LEARN:
How the Chinese central bank operates, and which interests they have in manipulating their interest rate.
What the real drivers behind the trade war are.
How to understand the Chinese economy and the impact of the US and the rest of the world.
Why China will soon grow only 1-2% annually.
Why the Chinese banking system prevents acute crises, but also
TIP291: Commodity Investments During & After COVID-19 w/ Marin Katusa (Business Podcast)
On today's show, we have a commodity investment expert, Marin Katusa. He talks about the supply-demand impacts of COVID-19 and what it means for the precious metals and oil markets. IN THIS EPISODE, YOU'LL LEARN:
What is going on behind the scenes of the FED and why they do doing swap lines with USD.
Why Marin Katusa is bull on Equinox Gold and Liberty Gold.
A practical guide to investing in the gold sector.
What happened to the price of oil.
The new relationship between, gold, USD, an
TIP290: Current Market Conditions 4 April 2020 (Business Podcast)
On today's show, Preston Pysh and Stig Brodersen talk about the current market conditions on 4 April and how COVID-19 is impacting the Stock, Bond, & Commodities market.IN THIS EPISODE, YOU'LL LEARN:
Understanding what is happening in the stock market right now.
What Preston and Stig are looking at in the stock market.
Understanding quantitative easing and FED’s balance sheet in a time of crisis.
Understanding inflation and deflation pressures and how it impacts the economy and fina
TIP289: Intrinsic Value Assessment of Berkshire Hathaway by Jake Taylor (Business Podcast)
On today's show, Preston Pysh and Stig Brodersen talk to Jake Taylor about the intrinsic value of Berkshire Hathaway. Jake is a value investor and the CEO & founder of Farnam Street Investments. IN THIS EPISODE, YOU'LL LEARN:
The most important takeaways from Warren Buffett’s most recent letter to shareholders.
An overview of the five major segments of Berkshire Hathway.
What is the moat of Berkshire Hathaway after Warren Buffett and Charlie Munger.
Should Berkshire Hathaway be use
TIP288: Current Stock Market Conditions - 2020 Crash - COVID 19 (Business Podcast)
On today's show, Preston Pysh and Stig Brodersen talk about the current market conditions and how COVID-19 is impacting the Stock, Bond, & Commodities market. IN THIS EPISODE YOU’LL LEARN:
How Preston and Stig were positioned before the stock market crashed.
How Preston and Stig are positioning themselves today.
Why Preston thinks we’re heading into global hyperinflation.
Why Stig thinks that now is a good time to add to your compounders in the stock market.
What the FED and the EC
TIP287: Value Investing and Market Cycles w/ Vitaliy Katsenelson (Business Podcast)
On today's show, we have value investing expert, Vitaliy Katsenelson, to talk about market cycles and investing with the fundamentals. IN THIS EPISODE YOU’LL LEARN:
Why value investors don’t understand how Warren Buffett does factor in macroeconomics events.
The biggest misperception of dividend investing.
How to measure value in growth.
How to invest in companies with predictable earnings.
Ask The Investors: How to make a living in investing when your holding period is forever?
BOOKS
TIP286: Mastermind Discussion 1Q 2020 (Business Podcast)
On today's show, we have the mastermind discussion for the 1st Quarter of 2020. The group talks about various investing ideas and the crazy dynamics currently playing out in the stock market. IN THIS EPISODE YOU’LL LEARN:
What the Intrinsic value is of ExxonMobil and Etsy.
Why Exxonmobil’s plan for 2025 may indicate a 16% annualized return for you as a stock investor.
If ExxonMobil’s 7% dividend is sustainable.
Why Preston thinks that Bitcoin could go to $20,000 by the end of 2020 and
TIP285: Turning Adversity Into Advantage - Laura Huang's Edge (Business Podcast)
On today's show, we talk to Harvard professor, Laura Huang, about her new book, Edge. Her book talks about turning your adversities into advantages. IN THIS EPISODE YOU’LL LEARN:
Why hard work is not enough to be successful, and what you can do about it.
Know how others see you, so you can redirect them how they should see you.
How to turn your weaknesses into assets.
What you can learn from starting with $5 in capital.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to
TIP284: Bitcoin - Law & Legal Implications w/ Caitlin Long (Bitcoin Podcast)
On today's show, we talk to Bitcoin legal expert, Caitlin Long, about how U.S. States like Wyoming are establishing laws to support Bitcoin and digital currencies moving forward. IN THIS EPISODE YOU’LL LEARN:
What states like Wyoming are doing to attract Bitcoin companies into the state.
How the definition of legal tender impacts the legal treatment of Bitcoin.
Can/would the US shut down Crypto exchanges.
Can/would the US government ban cryptocurrencies.
What are the new laws Secretary
TIP283: Commercial Real Estate Trends w/ Ian Formigle from Crowdstreet (Business Podcast)
On today's show we have Ian Formigle from Crowdstreet to talk about emerging trends in commercial real estate. IN THIS EPISODE, YOU'LL LEARN:
Which trends that are important to follow in 2020 and beyond in commercial real estate.
What the impact is of student debt on real estate in the decades to come.
Why investors should consider purchasing multifamily assets and conservatively leverage the investment. with cheap 10-year fixed-rate debt.
How to understand the various financing opportu
TIP282: Novel Coronavirus (COVID-19) Economic Impact w/ Erik Townsend (Business Podcast)
On today’s show we talk to Erik Townsend about the potential impact of the Novel Coronavirus (COVID-19) on the global economy.IN THIS EPISODE, YOU'LL LEARN:
What is the impact to the supply chain.
What are some of the key figures we know today.
The reflexive impact of fear on spending.
The impact on Airlines.
Asymptomatic transmission impacts.
What's the good news.
Impact for Big Pharma.
The impact on Stocks versus bonds.
Central Banking response.
What's next?
BOOKS AND RESOURCES
Join t
TIP281: Intrinsic Value Assessment of Mastercard w/ Sean Stannard-Stockton (Investing Podcast)
On today’s show we talk to Sean Stannard-Stockton about the intrinsic value of Mastercard (MA)IN THIS EPISODE, YOU'LL LEARN:
What is the intrinsic value of Mastercard?
How Apple has validated that Mastercard is the payment method of the future.
Why Fintech is not disrupting Mastercard but accelerating its growth.
The risks of investing in Mastercard.
How to understand networking effects in business.
Ask the Investors: How many stocks should a beginning investor own?
BOOKS AND RESOURCE
TIP280: A History of 5 US Market Crashes w/ Scott Nations (Business Podcast)
On today's show, we talk to financial history expert, Scott Nations, about the United States's five most impactful crashes. IN THIS EPISODE, YOU'LL LEARN:
An in-depth analysis of the stock market crashes in 1907, 1929, 1987, 2008, and 2010.
The similarities between the FED’s monetary policy in 1929 and today.
How the stock market could decline by 22.6% in a single day in 1987.
How the incentives for homeowners and investment bankers in 2008 destroyed the stock market.
Why the next cras
TIP279: Stock Market Melt-up w/ Luke Gromen (Business Podcast)
On today's show, we talk to macro expert, Luke Gromen, about the stock market melt-up.IN THIS EPISODE, YOU'LL LEARN:
How the FED will react to a sell-off in the stock market.
How much countries’ balance sheets can grow.
Why the FED is committed to financing US deficits.
Why inflation is a misunderstood concept.
If there is a risk for the US to go into hyperinflation.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with
TIP278: Contrarian Investing Ideas w/ Cullen Roche (Business Podcast)
On today's show, we talk to investment expert, Cullen Roche, about contrarian market ideas at the start of 2020.IN THIS EPISODE, YOU'LL LEARN:
Why you can’t truly be a passive investor.
Why the stock market is a better inflation hedge than gold.
What are the differences and similarities between financial markets and the economy.
If the US government running out of money.
Ask The Investors: Should I invest in a leveraged ETF if I think the stock market will go up over the next few decade
TIP277: Intrinsic Value Assessment of Disney - w/ David Trainer (Business Podcast)
On today's show, we talk about the intrinsic value of Disney. Our guest is David Trainer who's the founder and CEO of New Constructs.IN THIS EPISODE, YOU'LL LEARN:
What is the intrinsic value of Disney.
Why return on invested capital is so important to understand and to use.
How to understand earnings calls.
Ask The Investors: How do I start managing money for other people?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussio
TIP276: The Euro & Its Impact On European Banking w/ Thomas Mayer (Business Podcast)
On today's show, we talk to European economist, Thomas Mayer, about the Euro and its impact on European banking.IN THIS EPISODE, YOU'LL LEARN:
Why was the euro created.
How is the euro similar and different than the US dollar.
Which countries benefit most from the Euro.
Why it’s inevitable that central bank money will become digital.
How will the Euro perform compared to the US dollar in the next recession.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in mea
TIP275: Mastermind Discussion 4Q 2019 (Business Podcast)
On today's show, our mastermind group talks about four different stock ideas that might outperform the market.IN THIS EPISODE YOU’LL LEARN:
What is the intrinsic value of Biogen, GrafTech, Allstate, and i3 Verticals.
If Mohnish Pabrai’s newest stock pick GrafTech is a good investment.
Why you would want to buy a put option and not write the put option when you short a stock.
How to value a pharmaceutical company.
Understanding the cycles in the insurance industry.
Ask The Investors: Ho
TIP274: Negative Interest Rate Bonds & Commodities w/ Marin Katusa (Business Podcast)
On today's show, we talk about the impact of negative interest rate bonds on the commodity sector. Our expert guest is Marin Katusa.IN THIS EPISODE YOU’LL LEARN:
Why the interest rates globally are headed even lower than today.
Why the US dollar will appreciate.
What the future relationship between interest rates and gold will be.
Why the traditional dollar and gold relationship is no longer valid.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful s
TIP273: Billionaire Jim Simons' Quant Revolution w/ Gregory Zuckerman
On today’s show we talk about billionaire Jim Simons and how he achieved a 66% annual return since 1988. We have Best Selling author and Wall Street Journal reporter, Gregory Zuckerman, on the show.IN THIS EPISODE YOU’LL LEARN:
How Jim Simons’ fund has performed 66% annually since 1988.
How to make money when you’re only right 51% of the time.
Why there are fewer inefficiencies in the market than value investors think.
Ask The Investors: What is the difference between index funds and ET
TIP272: X-Prize Founder Peter Diamandis & Steven Kotler on the speed of technology (Business Podcast)
On today’s show we talk to X-Prize Founder and Chairman, Peter Diamandis. He is accompanied by Best Selling author, Steven Kotler, and they talk about the technology boom that's going to happen in the next ten years. IN THIS EPISODE YOU’LL LEARN:
Which major industries will be disrupted most over the next 10 years and how.
Why we have an abundance problem rather than a scarcity problem.
Why 89% of all genetic diseases can be cured permanently very soon.
How long will it take before AI i
TIP271: An Intrinsic Value Assessment w/ Dan Ferris (Business Podcast)
On today’s show we talk to valuation expert Dan Ferris about determining the value of a company in the mineral industry. IN THIS EPISODE YOU’LL LEARN:
Why it’s so difficult to invest in mining stocks
How to build a relationship with the management with a small-cap company, why it might not be advantageous.
How to understand the market for mining royalties
How to estimate the intrinsic value of Altius Minerals
Ask The Investor’s Podcast: Do you prefer to focus more on business or picking
TIP270: Jesse Itzler - NBA Owner, Entrepreneur, Best Selling Author (Business Podcast)
On today’s show we talk to NBA owner & NYT Best Selling Author, Jesse Itzler.IN THIS EPISODE YOU’LL LEARN:
Why Jesse Itzler is still doing hard things when he doesn’t need to?
Why you need to “Say it to grow rich”
What surprised Jesse Itzler the most from owning a professional sports team
Why Jesse has hired a personal coach to learn names
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the oth
TIP269: Factor Based Investing w/ Jack Vogel (Business Podcast)
On today’s show we talk to Jack Vogel about Factor Based Investing.IN THIS EPISODE YOU’LL LEARN:
What is factor investing?
Which factors have historically performed best?
Which factors perform best in bear markets?
Should you invest in one or multiple factors at the same time?
Ask The Investors: What is the Relative Strength Indicator, and how do I use it?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Cla
TIP268: Small Cap Investing w/ David Flood (Business Podcast)
IN THIS EPISODE YOU’LL LEARN:
What is over the counter stocks and how to invest in them
What a dark stock is, and why they are mispriced
Why you should look for companies trading at a negative enterprise value
How can to build a position in companies with a market cap with less than $50M
Why David Flood is using Google Satellites photos in his stock research
Ask The Investors: Is passive investing a new bubble, and if it is how can you protect yourself?
BOOKS AND RESOURCES
Join the ex
TIP267: An Intrinsic Value Assessment w/ Sean Stannard-Stockton (Business Podcast)
On today’s show, we talk to Sean Stockton about the intrinsic value of First Republic Bank (FRC)IN THIS EPISODE YOU’LL LEARN:
What is the intrinsic value of First Republic Bank
Why First Republic Bank can be seen as a retail business with a superior franchise
How to value banks, and the importance of price to tangible book value
Which key ratios to use to evaluate performance and debt levels of banks
Ask The Investors: How to pick stocks when you have a full-time job
BOOKS AND RESOURCES
TIP266: David Stein - Key Questions & Answers to Master Investing (Business Podcast)
On today’s show we talk to David Stein about his new book and how to construct the optimal portfolio. IN THIS EPISODE YOU’LL LEARN:
How to construct the optimal portfolio
How to determine the expected return, upside, and downside of an asset class
If you should ever be 100% invested in stocks?
Why you should consider owning more than a dozen asset classes.
Ask The Investors: How should I rebalance my portfolio?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage
TIP265: Mark Yusko - The Endowment Model of Investing (Business Podcast)
On today’s show we talk to Mark Yusko about the endowment model of investing and his years of peak performance in the markets. IN THIS EPISODE YOU’LL LEARN:
How to invest link an endowment
Why innovation in an asset class.
Why portfolio construction is the most overlooked activity while security selection is the most overvalued activity
Why asset allocation drives returns more than security selection
Ask The Investors: Am I too old to start value investing?
BOOKS AND RESOURCES
Join the
TIP264: Mastermind Discussion 3Q 2019 (Business Podcast)
On today's show, our mastermind group talks about four different stock ideas that might outperform the market.IN THIS EPISODE YOU’LL LEARN:
The group’s intrinsic value assessment of $T, $STMP, and $RELIANCE
Why now is the time to short Vonage Holdings Corp?
Why activist Elliot Management is taking a position in AT&T
Why Stamps.com might still be undervalued after the stock just soared 60%
If Reliance Industries Limited is the Alibaba of India
Ask The Investors: How do I read the ear
TIP263: Commercial Real Estate Investing - w/ Ian Formigle (Business Podcast)
On today’s show we talk to Commercial Real Estate expert, Ian Formigle.IN THIS EPISODE YOU’LL LEARN:
How to turn commercial real estate into passive income
Why all stock investors should consider including commercial real estate in their portfolio
What are the major risk factors of investing in commercial real estate?
What are the value drivers behind commercial real estate, and how is it different than single-family residence?
How commercial real estate investors take advantage of impe
TIP262: REPO Markets - What it is & What's happening (Business Podcast)
On today’s show we talk to macro economist Luke Gromen about the current issues being seen in the REPO market. IN THIS EPISODE YOU’LL LEARN:
What is the REPO rate and why it’s important for you.
How the regulations from the 2008 financial crisis have changed the markets today
How to position yourself in today’s volatile financial markets
Why the stock market will soar and not the opposite if we experience more QE
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage
TIP261: Investing in Gold w/ Ken Lewis CEO of APMEX (Investing Podcast)
On today’s show we talk about investing in Gold with the CEO of APMEX, Ken Lewis. APMEX is the largest precious metals retailer in North America.IN THIS EPISODE YOU’LL LEARN:
Understanding the drivers behind gold
How to combine blockchain security and gold purchase
Why there are different types of gold and what is ideal for you
The current market conditions for the gold price
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discuss
TIP260: Bitcoin Math & Value - w/ Plan B
On today's show, we talk to Bitcoin statistics expert, Plan B. Plan B is an anonymous member of the Bitcoin community and he has a quant background with a multi-billion dollar international hedge fund. IN THIS EPISODE YOU’LL LEARN:
How to value Bitcoin based on the stock to flow ratio
What the Bakkt exchange is and why it will change the landscape of Bitcoin
Why it’s important to understand Sharpe’s ratio when you invest in Bitcoin
How investors should think about educating themselves a
TIP259: What Bitcoin Solves - w/ Dr. Saifedean Ammous
On today's show, we talk to leading Bitcoin expert, Dr. Saifedean Ammous about how Bitcoin works and what problems it attempts to solve. Dr. Ammous is the author of the Bitcoin Standard. IN THIS EPISODE YOU’LL LEARN:
Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth
Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more
Why the clearance mechanisms of central banks wi
TIP258: Current Market Conditions and Value Investing w/ Tobias Carlisle (Business Podcast)
On today's show, we talk to Tobias Carlisle about the future of value investing and how to conduct short selling on mega-growth company, Netflix. IN THIS EPISODE YOU’LL LEARN:
If now is a good time to short Netflix
How to value Netflix
Why value investing has been underperforming for a long period of time
Why the price to book is not a good indicator for outperformance
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions wi
TIP257: Small Cap Investing - w/ Eric Cinnamond
On today's show, we talk to Eric Cinnamond about determining the value of three small CAP companies.IN THIS EPISODE YOU’LL LEARN:
How to assess the intrinsic value of Natural Gas Services ($NGS)
How to assess the intrinsic value of Gencore Industries ($GENC)
How to assess the intrinsic value of Crimson Wine Group ($CWGL)
How to value a company based on high asset value
How to identify that you are at the trough of the cycle
Ask The Investors: How should I determine position sizes in my
TIP256: Raoul Pal - Global Financial Concerns (Business Podcast)
On today's show, we talk to Raoul Pal who's the founder of the global financial media company, Real Vision. IN THIS EPISODE YOU’LL LEARN:
Why Quantitative Easing is very likely in the fourth quarter of 2019
The full picture of the global debt situation
How Central Banks are all connected
The outlook for Bitcoin and Gold
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
He
TIP254: Value Investing w/ Bill Nygren (Business Podcast)
On today's show, we talk to investing expert, Bill Nygren, about companies like Google, Mastercard, and Netflix.IN THIS EPISODE YOU’LL LEARN:
How to value Alphabet Inc. and why it’s undervalued
Why Mastercard and Netflix might be good investments
Why P/E is not a good indicator when comparing valuation and competitive advantage
How to identify a shareholder friendly management
Ask The Investors: What should students know about investing?
BOOKS AND RESOURCES
Join the exclusive TIP Master
TIP253: An Intrinsic Value Assessment w/ Jesse Felder (Business Podcast)
On today's show, we talk to investing expert, Jesse Felder, about the intrinsic value of Bed Bath and Beyond.IN THIS EPISODE YOU’LL LEARN:
How to asses the intrinsic value of Bed Bath & Beyond
Why Bed Bath & Beyond is shorted so heavily and why it’s an advantage for you as a long investor
How to make money in a commoditized business with no moat
Why Bed Bath & Beyond could be taken private
Ask The Investors: How do you factor in macro indicators when valuing stocks?
BOOKS A
TIP252: The Bitcoin Impact w/ Trace Mayer
On today's show, we talk to Bitcoin expert, Trace Mayer. IN THIS EPISODE YOU’LL LEARN:
How to value bitcoin using the Mayer Multiple
Why bitcoin is about bringing trust to a new monetary system
How bitcoin might look in 5 years from now
How to think about the energy consumption of bitcoin
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Trace's Bitcoin Podcast
Trace May
TIP251: Macro Themes - Summer 2019 w/ Luke Gromen (Business Podcast)
On today's show, we talk to macro investing expert, Luke Gromen, about the current market conditions.IN THIS EPISODE YOU’LL LEARN:
Why we’re not a typical credit cycle.
The bull and bear case of commodities
Why the bond market should have higher yields than it has today
Which big tech stock to invest in and why
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Luke Gromen
TIP250: Lessons from Billionaire Michael Bloomberg (Business Podcast)
On today's show, we play questions and answers from billionaire Michael Bloomberg.IN THIS EPISODE YOU’LL LEARN:
Michael Bloomberg’s top best advice for a successful business career
Michael Bloomberg’s advice to young entrepreneurs
What Michael Bloomberg’s childhood was like
How Michael Bloomberg started his own company
Ask The Investors: Why is inflation good if you borrow money?
NEW TO THE SHOW?
Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complet
TIP249: The Intrinsic Value of Facebook w/ John Huber (Business Podcast)
On today's show, value investing expert John Huber provides an intrinsic value assessment of Facebook. IN THIS EPISODE YOU’LL LEARN:
How to estimate the intrinsic value of Facebook
The projection of the future growth of Facebook
What the main threat to Facebook is
How to assess the competitive situation between Google, Facebook, and Amazon
Ask The Investors: Is knowing how to estimate the intrinsic value of a stock enough to build a portfolio?
BOOKS AND RESOURCES
Join the exclusive TI
TIP248: Mastermind Discussion 2Q 2019 (Business Podcast)
On today's show, our mastermind group talks about four different stock ideas that might outperform the market.IN THIS EPISODE YOU’LL LEARN:
The group’s intrinsic value assessment of $IGGGF, $RP, $SLACK, $AUBN, and $WORK
If I Got Games is truly as cheap as the numbers indicate
Whether now is the best time to short RealPage
If Slack has a sustainable business model
Why Auburn National Bancorporation is a good dividend stock with little risk
Ask The Investors: Which investment mistake did
TIP247: Legendary Investor Bill Miller (Business Podcast)
On today's show we talk to legendary investor Bill Miller. Miller holds the record for 15 consecutive years beating the S&P 500 as a mutual fund manager. Since 2009, Miller has outperformed the market by achieving a 20.4% annual return.IN THIS EPISODE YOU’LL LEARN:
How Bill Miller thinks about the Trade War and the implications for the stock investor
How Bill Miller are sizing his equity positions
Why Bill Miller is fully invested in stocks right now
Why the traditional value invest
TIP246: Part 2 - Berkshire Hathaway Shareholders Meeting Q&A - Warren Buffett & Charlie Munger (Business Podcast)
Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting.IN THIS EPISODE YOU’LL LEARN:
If Warren Buffett would invest in an index fund with his excess cash of more than $100B?
How do I decide where to start when building my circle of competences?
Why Warren Buffett has a different view on Corporate Governance than Corporate
TIP245: Part1 - Berkshire Hathaway Shareholders Meeting Q&A - Warren Buffett & Charlie Munger (Business Podcast)
Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting.IN THIS EPISODE YOU’LL LEARN:
Why Warren Buffett bought back more shares in Q1 2019 than all of 2018.
Why Warren Buffett thinks he overpaid for Kraft Heinz
Warren Buffett’s advice to aspiring money managers
What Warren Buffett thinks about his position in Apple
Ask The
TIP244: Bitcoin Basics w/ Leading Expert Tuur Demeester (Bitcoin Podcast)
During this week’s episode, Preston and Stig talk to leading crypto-expert, Tuur Demeester. Tuur is a world-renown economist and investor that focuses on Bitcoin and other blockchain technologies. During the discussion, Tuur explains some of his opinions on why some technologies and protocols.IN THIS EPISODE YOU’LL LEARN:
Why and how Mark Zuckerberg and Jack Dorsey want to utilize the technology behind cryptocurrency
Why Bitcoin will prevail and remain the most valuable cryptocurrency
H
TIP243: Tobias Carlisle - Creating an ETF (Business Podcast)
On this week's show, Tobias Carlisle talks about his new Exchange-Traded Fund or ETF.IN THIS EPISODE YOU’LL LEARN:
What the value spread is and how to do identify it?
What the difference is between a mutual fund and an ETF
What will happen to the cheapest value stocks if the market crashed
What you might want to be long Fiat Chrysler and short Tesla
Ask The Investors: What the best value investing curriculum?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in
TIP242: Billionaire Jack Dorsey - Lessons From Twitter and Square (Business Podcast)
On today's show, we cover important questions that were recently asked of billionaire Jack Dorsey.IN THIS EPISODE YOU’LL LEARN:
How and why Twitter and Square was founded
How Jack thinks about the future of payment processing with Square
Why you should invest in megatrends, and which mega trend to follow if you invest in consumer internet
The two main lessons Jack learned from founding twitter
Ask The Investors: Do you invest your monthly cash flow or do you invest a few times per year
TIP241: Value Investing w/ Mohnish Pabrai (Business Podcast)
On today's show, we talk to the famous value investor, Mohnish Pabrai. IN THIS EPISODE, YOU'LL LEARN
How Mohnish Pabrai is reading Warren Buffett’s letters to shareholders
Who is Mohnish Pabrai cloning?
How Mohnish Pabrai is evaluating the performance of his investments
Why Mohnish Pabrai will never own an insurance company again
Ask The Investors: How do you determine the expected future growth of a company
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in me
TIP240: Investing in Fine Art Like a Stock w/ Scott Lynn (Business Podcast)
Stig and Preston talk to the founder of Masterworks, Scott Lynn. Scott is the creator of a company that allows investors to purchase a share of a fine piece of artwork from legendary artists like Monet, Picasso, or Andy Warhol. IN THIS EPISODE YOU’LL LEARN:
The bull and bear thesis behind investing in fine art
The key metrics behind valuing fine art
If fine art has a place in your portfolio
Why art by great artists might be value traps
How the ultra-rich are moving the market
BOOKS AN
TIP239: Commercial Real Estate Investing w/ Ian Formigle
On today's show we learn about commercial real estate investing from expert Ian Formigle.IN THIS EPISODE YOU’LL LEARN:
What an opportunity zone is and how to value them
How to understand the importance of the interest rate in commercial real estate.
How to diversify in commercial real estate
How to take an index approach in real estate investing market
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and
TIP238: NetSuite Founder Evan Goldberg (Business Podcast)
On today's show, Stig interviews the founder of Netsuite Evan Goldberg. Evan sold his company to Oracle for 9.3 billion dollars in 2016.IN THIS EPISODE YOU’LL LEARN:
How and why you want to pivot your company
Which skills you need to acquire while you grow with your company
How and why you should keep looking for the right mentors throughout your life
How Evan Goldberg started an accounting company without reading an accounting book
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind
TIP237: Legendary Value Investor Sanjay Bakshi (Business Podcast)
On today's show, Preston and Stig talk to value investing legend, Sanjay BakshiIN THIS EPISODE YOU’LL LEARN:
How to factor disruption technologies into your investment thesis
How to locate an emerging moat for a business
Why we should evaluate our stock performance using stress adjusted returns
How to read Warren Buffett’s letters to shareholders
Ask The Investors: How do I choose the best stock broker?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meanin
TIP236: Momentum Indicators for the 2nd Quarter 2019 w/ Dr. Richard Smith (Business Podcast)
On today's show, Preston and Stig talk to momentum expert, Dr. Richard Smith.IN THIS EPISODE YOU’LL LEARN:
Which momentum trends billionaires are currently investing in
Why it sometimes better to wait 6 months after a billionaire bought stock to take a position
Which commodities have a good price momentum
How to use momentum in your options strategy
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and th
TIP235: Gold Miners and Other Commodity Companies w/ Marin Katusa (Business Podcast)
On today's show, Preston and Stig talk to commodities expert, Marin Katusa about investing in gold miners.IN THIS EPISODE YOU’LL LEARN:
How to pick small gold stocks that are most likely to be bought out by large competitors
How to analyze and pick gold stocks
How to analyze and conclude on the current state of the gold industry
How and why you can be paid twice with a private placement investment
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful st
TIP234: Mastermind Discussion 1Q 2019 (Business Podcast)
On today's show, our mastermind group talks about four different stock ideas that might outperform the market. IN THIS EPISODE YOU’LL LEARN:
If Bed Bad & Beyond is finally trading at a good price for value investors
Why Nucor, Steel Dynamics, and the entire industry is trading at appealing prices.
Why it’s an advantage for investors that Alibaba is a Chinese company and not a US company
If Microsoft is a good defensive investment in an overvalued market
BOOKS AND RESOURCES
Join
TIP233: Dr. Jim Rickards - Central Banks, QT, QE, & the FFR (Business Podcast)
On today's show, we talk to Dr. James Rickards about central banks and their impact on financial markets. IN THIS EPISODE YOU’LL LEARN:
How and why the FED is preparing for the next recession
How the Fed Chairman is signaling to the market what he plans to do.
Why having a strong dollar is currently the least bad economic policy
Why the world is currently dependent on the US dollar, and how a new system is built not to include it
What happens if the stock market is made up by passive in
TIP232: Billionaire Stanley Druckenmiller Lessons (Business Podcast)
On today's show, we learn valuable investing lessons from legend Stanley Druckenmiller.IN THIS EPISODE YOU’LL LEARN:
Why Stanley Druckenmiller makes many small bets in the market if he had a down year
Stanley Druckenmiller’s thoughts on the optimal Monetary Policy
Why price signals from the market is no longer a good predictor in the stock market
The Investor’s Podcast: Why are Hedge Fund managers celebrated when Mutual Fund managers are not
NEW TO THE SHOW?
Check out our We Study Bill
TIP231: The Mind Of A World Poker Champion w/ Annie Duke (Business Podcast)
On today's show, we talk to World Poker Champion, Annie Duke, about how she thinks in bets. IN THIS EPISODE YOU’LL LEARN:
Why we should make decisions the same way as making bets
How to separate the decision and the result and why it’s important
Why it makes sense to offer the right person $30,000 to spend 30 days in Des Moines (seriously!)
How to seek the truth together as a group
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing di
TIP230: Billionaire Larry Ellison Lessons (Business Podcast)
On today's show, we learn valuable lessons from Silicon Valley billionaire Larry Ellison.IN THIS EPISODE YOU’LL LEARN:
How to deal with critique and search for the truth.
How the very early years of a persons life might greatly impact their personality and approach to solving problems.
Why Apple might not have been the Apple we know today without Larry Ellison.
The Investor’s Podcast: What is the difference between Warren Buffett’s Owner Earning and EBITDA.
BOOKS AND RESOURCES
Join the
TIP229: Billionaire Reid Hoffman Lessons Learned (Business Podcast)
On today's show, we learn valuable lessons from Silicon Valley billionaire Reid Hoffman.IN THIS EPISODE YOU’LL LEARN:
What is the secret to the success of Silicon Valley?
How to manage a company that is growing at 2.5% - per day.
How to use your network to find new job opportunities.
Why financing and distribution is just as important as the product you are selling.
Ask The Investor’s Podcast: How do I value fast growing unlisted companies?
BOOKS AND RESOURCES
Join the exclusive TIP Ma
TIP228: Jonathan Tepper - Investing in Bear Markets (Business Podcast)
On today's show, we talk to the best-selling author, Jonathan Tepper about investing during Bear Markets.In this episode, you'll learn:If a severe bear market is possible when the economy is strongThe most misunderstood concept in bear marketsHow to think about shorting securitiesHow to take long positions in bear markets Important Links:Jonathan Tepper's website, Variant PerceptionJonathan's twitterDownload your free audio book at Audible.Find the best job candidate at
TIP227: Jesse Felder - Current Market Conditions 2019 (Business Podcast)
On today’s show we bring back our good friend, Jesse Felder. Jesse is a former multi-billion dollar hedge fund manager out of Santa Monica California. Jesse is regularly featured on the Wall Street Journal, Barron’s, and many other national level business outlets. IN THIS EPISODE YOU’LL LEARN:
Why Warren Buffett’s valuation metric for the stock market forecasts around a 0% return over the next 10 years.
Why Warren Buffett has refinanced his debt and what it means for you as an investor
TIP226: Billionaire Charles Koch Lessons Learned (Business Podcast)
On today's show, Preston and Stig talk about billionaire Charles Koch. Koch made his money in the chemical business since the 1960's. As the Chairman and CEO of Koch industries for over 50 years, Koch has produced an 18% annual return.IN THIS EPISODE YOU’LL LEARN:
What Charles Koch thinks are the key ingredients to being successful in business.
The importance of market-based management.
How Charles Koch’s choose among business opportunities.
Why creative destruction is and why it’s impo
TIP225: Billionaire Peter Thiel Lessons Learned (Business Podcast)
On today's show, Preston and Stig cover questions and answers from Silicon Valley billionaire Peter Thiel.IN THIS EPISODE YOU’LL LEARN:
Why and how Peter Thiel is always inverting his thinking and why you should do the same.
Why visionaries think in terms of a tipping point of employees rather than a tipping point for revenue.
What Peter Thiel knows that no one agrees with him on.
Why computers replacing people is an angst narrative that is not true.
Ask The Investors: How much should v
TIP224: Billionaire Ray Dalio's Book - Big Debt Crises (Business Podcast)
On today's show Preston and Stig discuss billionaire Ray Dalio's new book, Big Debt Crises. IN THIS EPISODE YOU’LL LEARN:
Why Ray Dalio thinks that the US Dollar could depreciate 30%.
Why the financial crisis in 2007-2011 was solved much faster than the Great Depression.
How to diagnose in which stage of a debt crisis an economy is in.
How a fixed exchange rate can both be the solution and the problem of a debt crisis .
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to
TIP223: Billionaire Michael Dell Lessons (Business Podcast)
On today’s show, Preston and Stig learn important lessons from billionaire Michael Dell.IN THIS EPISODE YOU’LL LEARN:
The story behind starting up Dell.
Why a negative cash conversion cycle is key for the growth of any business.
How Michael Dell created a strategy for rapid growth.
Which challenges Michael Dell had and how he overcame them.
Ask the Investors: How do you find a co-founder, and how did Preston and Stig meet?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Communi
TIP222: Mastermind Discussion 4Q 2018 (Business Podcast)
On today’s show, Tobias Carlisle and Hari Ramachandra join Preston and Stig for a conversation about viable stock picks in the fourth quarter of 2018.IN THIS EPISODE YOU’LL LEARN:
The group’s intrinsic value assessment of $HPQ, $FONR, $SH, and $HDB.
Why Preston is shorting the S&P500.
If banks in India is a bull case.
How you can divide the stock market into four states, and how to position yourself accordingly.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to enga
TIP221: Commercial Real Estate Investing w/ Ian Formigle (Business Podcast)
On today's show we learn about commercial real estate investing from expert Ian Formigle. IN THIS EPISODE YOU’LL LEARN:
Why and how commercial real estate has generated double-digit returns historically.
Why the best investments in commercial real estate can be found in secondary markets.
How to detect inefficiency in commercial real estate.
How and why now might be the time to consider asset classes with no correlation to the stock market.
BOOKS AND RESOURCES
Join the exclusive TIP Ma
TIP220: Lessons from Billionaire Oprah Winfrey (Business Podcast)
Learn important business lessons from billionaire Oprah Winfrey.IN THIS EPISODE YOU’LL LEARN:
Why a very special girl was the best guest among 35,000 interviews, Oprah conducted throughout her career.
How Oprah found her calling.
How Oprah is assembling her team.
How Oprah chose her personality.
Ask The Investors: Do you use components of dollar cost averaging as intrinsic value investors?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock inv
TIP219: US & China - Stocks, Bonds, Currencies, & Commodities w/ Luke Gromen (Business Podcast)
On today's show, we talk about the impact on financial markets in the US and China with Macro expert, Luke Gromen.IN THIS EPISODE YOU’LL LEARN:
Why we’re not in a typical credit cycle.
The bull and bear case for commodities.
Why the bond market should have higher yields than it has today.
Which big tech stock to invest in and why.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community m
TIP218: Understanding Body Language w/ FBI Expert Joe Navarro (Business Podcast)
On today's show, we have body language expert Joe Navarro.IN THIS EPISODE YOU’LL LEARN:
How to read other people’s body language and why it’s reliable.
Why you should look down when you study the body language of another person.
How business people can use body language in negotiations.
How to enhance your relationships with a simple head tilt.
How to detect the body language of a true leader.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock
TIP217: Current Market Conditions & Analysis (Investing Podcast)
Stig and Preston discuss the current stock market conditions and how they see the current 9 year bull market.IN THIS EPISODE YOU’LL LEARN:
How Preston and Stig’s previous stock picks have performed
How Preston and Stig are positioned given the current market conditions
How often we experience corrections in the stock market
The impact rising federal funds rate on the stock market
Ask The Investors: Should I add bonds to my portfolio?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermin
TIP216: Commodity Investing w/ Marin Katusa (Business Podcast)
On today's show, we talk about commodity investing with expert Marin Katusa.IN THIS EPISODE YOU’LL LEARN:
Why the US dollar can be expected to appreciate over the next 6 months
Why gold and uranium are trading below its value
Why oil might go as low as $40 over the next 12 months
How to take advantage of uncertainty and volatility in commodities
How to conduct research on commodities
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing
TIP215: Billionaire Mark Zuckerberg Lessons - Facebook (Business Podcast)
On today's show, we study billionaire Mark Zuckerberg.IN THIS EPISODE YOU’LL LEARN:
Why Mark Zuckerberg said no to $1B age 22
How Mark Zuckerberg thinks about making big changes to Facebook’s platform
What Mark Zuckerberg is most excited about over the next 20 years
How Mark Zuckerberg is working to get everyone on the planet online
Ask The Investors: Do you use a checklist when picking stocks?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock
TIP214: Billionaire Richard Branson Lessons (Business Podcast)
IN THIS EPISODE YOU’LL LEARN:
How Richard Branson does not let knowhow and capital constraints stop his business ventures.
Why your personality is important for starting up a business
The process how Richard Branson started up 200 companies
Ask The Investors: Would you both have passive and active investing in your portfolio?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community membe
TIP213: Precious Metal Investing: Gold, Silver, & Platinum w/ David McAlvany (Investment Podcast)
On today's show, we talk to a precious metals expert, David McAlvany, about whether an investor should include gold, silver, or platinum in their portfolio.IN THIS EPISODE YOU’LL LEARN:
Why value investors should consider gold if they deem the stock market overvalued.
Why investors hold silver and platinum.
How to determine the asset allocation of gold by the ratio to other precious metals.
How to use the Dow Jones’s ratio to the price of gold as a buy or sell signal.
How should gold be
TIP212: Billionaire Howard Marks (Business Podcast)
On today's show, we talk to billionaire, Howard Marks. Mr. Marks has produced a 19% annual return for the past 22 years investing in distressed debt. He has been a money manager for 50 years and is a renown luminary in security analysis.IN THIS EPISODE YOU’LL LEARN:
How Howard Marks invests accordingly to the market cycle.
How Howard Marks can be fully invested, and still be cautious in an overvalued stock market.
How to assess where we are in the market cycle.
What Howard Marks learned
TIP211: Artificial Intelligence and Finance w/ Dr. Wes Gray (Business Podcast)
On today's show, we talk to Dr. Wesley Gray about artificial intelligence and the impact on the finance industry.IN THIS EPISODE YOU’LL LEARN:
Why artificial intelligence has so far shown no evidence of consistently outperforming the stock market
How to factor in volatility in your momentum strategy
How to include value in your momentum strategy
Why the market is signaling that we won’t have conventional inflation in the time to come
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind
TIP210: Tony Robbins - (Business Podcast)
On today's show, we get the rare opportunity to interview one of our heroes, Tony Robbins. Tony is an American Entrepreneur and NY Times Best Selling Author of multiple books. During our discussion, we talk about Tony’s book Unshakeable and Money Master The Game. Additionally, we talk to Tony about the things that matter most, which is how a person can find their higher purpose, how to accomplish the things people want to master, and most importantly, how to have a real impact. IN THIS
TIP209: Billionaire Bill Gates' Lessons (Business Podcast)
On today’s show, we are going to be covering billionaire Bill Gates. As many people know, Mr. Gates is the co-founder of Microsoft and he now runs the largest non-profit in the entire world. IN THIS EPISODE YOU’LL LEARN:
How much you can attribute luck to Bill Gates’ success
How Bill Gates stays focused and motivated
How much money Bill Gates is giving away and why
Which tech products that will be developed over the next 15 years
Ask The Investors: Is it a problem that we have fewer an
TIP208: Billionaire Mark Cuban Lessons (Business Podcast)
On today’s show we are going to be covering billionaire Mark Cuban. After being fired from his first job, Mark started his own company called Micro Solutions. Within a decade, Mark sold the company for 6 million dollars and started a second business that streamed college sports over the internet. Within another decade, Mark sold Broadcast.com for 5.7 billion to Yahoo! During our show, we play some interesting questions that Mark has been asked about his time as an entrepreneur. IN THIS
TIP207: Tariffs & China with Richard Duncan (Business Podcast)
On today's show we have Richard Duncan. Richard has worked for the IMF and World Bank and is an expert on monetary policy. During the show we talk about the impact of tariffs and the escalating trade war with China.IN THIS EPISODE YOU’LL LEARN:
Why the trade war might be turning point in history.
How China is manipulating their currency.
Why and how the Chinese are going to retaliate in the trade war.
Why the US government might choose to talk about tariff rather than impose tariffs.
W
TIP206: Mastermind Discussion 3Q 2018 (Business Podcast)
On today’s show, we have assembled our mastermind group for the 3rd quarter of 2018. At the start of 2018, the US Stock market experienced a 10% correction. But since that time, equities have had a strong comeback and are now considered the longest running bull market in the history of the NY Stock Exchange. The members participating on today’s show are Tobias Carlisle, Hari Ramachandra, Stig, and Preston. IN THIS EPISODE YOU’LL LEARN:
The group’s intrinsic value assessment of $GOOG, $F
TIP205: Jesse Felder on Tariffs, Gold, the Dollar & more (Business Podcast)
On today’s show we bring back our good friend, Jesse Felder. Jesse is a former multi-billion dollar hedge fund manager out of Santa Monica California. Jesse is regularly featured on the Wall Street Journal, Barron’s, and many other national level business outlets. We start off the discussion talking about gold and what lies ahead. As the show progresses we talk about the tariffs and the impact on the US Dollar. We talk Fang, we talk Elon Musk, and much more.IN THIS EPISODE YOU’LL LEARN:
TIP204: Momentum Investing Strategies w/ Dr. Richard Smith (Business Podcast)
On today's episode we talking to Dr. Richard Smith. Smith is an expert at momentum investing and is the founder of the popular investing website, TradeStops. During the discussion Dr. Smith talks about the current market conditions and which industries might perform the best for the rest of 2018.IN THIS EPISODE YOU’LL LEARN:
Why you should use a moving average in your trading strategy
Why there is price momentum is energy and small-cap stocks right now
How to think about volatility and
TIP203: Learning from Billionaire Jack Ma and his company Alibaba (Business Podcast)
On today’s show we are talking about the famous Chinese billionaire, Jack Ma. Jack’s personal net worth is is around 42 billion dollars. He’s the founder and executive chairman of the Alibaba Group. In 2017, he was ranked 2nd for the World’s greatest leaders by Fortune Magazine. During the discussion we play some interesting Q&A's Jack has been a part of during the past two years.IN THIS EPISODE YOU’LL LEARN:
How Alibaba is an E-commerce enabler like Google.
Why it’s always the sam
TIP202: Renewable Energy Investing w/ Bryan Birsic (Business Podcast)
On today's show, we learn about investing in the renewable energy market. Today's guest is Bryan Birsic and he's the founder of Wunder Capital. His company invests over $100M in the renewable energy market and has a deep understanding of how the market might progress in the future.IN THIS EPISODE YOU’LL LEARN:
How do renewables do as an investment during a recession?
What are the bull and the bear case for investors in renewables?
Why are electricity prices so volatile, and why are they
TIP201: Big Mistakes That Great Investors Make w/ Michael Batnick (Business Podcast)
On today's show, we learn about the biggest mistakes that legendary investors have made throughout their career. Our guest, Michael Batnick, recently wrote a book on this topic and provides insights from what he learned. Michael is often featured on CNBC and Bloomberg and he is the Director of Research at Ritholtz Wealth Management.IN THIS EPISODE YOU’LL LEARN:
Why you shouldn’t talk about your investments.
Why Jesse Livermore is the most quoted and successful trader, but still went bro
TIP200: AI and Deep Learning with ETFs - Guest Sam Masucci from AIEQ (Business Podcast)
On today’s show we talk to the founder of ETFmg, Sam Masucci. Sam's company is responsible for bringing the first Artificial Intelligence ETF onto the market. The name of the ticker is AIEQ, and since inception in OCT 2017, the fund has outperformed the S&P 500 by nearly twice the yield (as of July 2018). During our discussion with Sam, we ask him about the deep learning methodology and how the programmers integrated IBM Watson technology into the logic. Additionally, we talk to Sam
TIP199: Learning from Jeff Bezos - Blue Origin, Being a Founder, Profitability and more (Business Podcast)
On today's show we play some of the best questions and answers we could find from interviews with Jeff Bezos. Jeff is the founder of Amazon and the wealthiest person in the world (over 140 billion).IN THIS EPISODE, YOU’LL LEARN:
How Jeff Bezos gaged his first year of business at Amazon.
How Jeff thinks about profitability and shareholder value.
How Jeff thinks about Blue Origin and space.
Why Jeff isn't concerned about the current quarter.
Why Jeff purchased the Washington Post.
BOOKS A
TIP198: Daymond John & The Power of Broke (Business Podcast)
On today’s show we talk about the very popular entrepreneur, Daymond John. John rose to business stardom after creating the global clothing line FUBU. Later he became a celebrity figure on ABC’s Shark Tank. After looking through various book recommendations from our audience, we kept getting a similar recommendation: The Power of Broke by John. The book provides some great insights into Daymond’s life before FUBU and how he created the business, but the part of the book we liked the bes
TIP197: The Creative Curve by Allen Gannett - CEO of TrackMaven (Business Podcast)
On today’s show we talk about a subject that so many want to master, but few understand where to start. The topic of today’s show is Creativity. Now, you might be asking yourself, how can I develop the right idea at the right time, and today’s guest is one of the leading experts in that field. This might be hard to believe, but Allen Gannett is only 27 years old. And as soon as you hear this interview, you won’t believe the amount of knowledge and insights he brings to the topic. In fac
TIP196: (Part II) Buffett & Munger Q & A at the 2018 Berkshire Hathaway Shareholders Meeting (Business Podcast)
In this episode, Preston and Stig talk about their experience of attending the 2018 Berkshire Hathaway Shareholder's meeting. The Investors play five of the best Q&A that occurred during the meeting. After each question, Preston and Stig provide their feedback and analysis on Buffett and Munger's responses.IN THIS EPISODE, YOU’LL LEARN:
If Elon Musk is right about Warren Buffett’s being wrong about competitive advantage?
Why Warren Buffett won’t invest in cryptocurrencies.
TIP195: Buffett & Munger Q & A at the 2018 Berkshire Hathaway Shareholders Meeting (Business Podcast)
In this episode, Preston and Stig talk about their experience of attending the 2018 Berkshire Hathaway Shareholder's meeting. The Investors play five of the best Q&A that occurred during the meeting. After each question, Preston and Stig provide their feedback and analysis on Buffett and Munger's responses.IN THIS EPISODE, YOU’LL LEARN:
If Buffett plans to sell his investment in Well’s Fargo after the recent scandal?
How the new accounting rules change the way investors value compan
TIP194: Small Cap Investing & Intrinsic Value Calculations w/ Eric Cinnamond (Investing Podcast)
One of the most lucrative and highest yielding areas of investing is finding quality companies in the small-cap market. The difficulty with investing in this space is the companies often lack stability and market dominance to make some investors comfortable. On this episode, we talk to a leading expert and former hedge fund manager that has invested in the small business space over three decades. Eric Cinnamond currently runs his own blog where he provides a detailed analysis of all the
TIP193: Jonathan Tepper on Buffett, Inflation, and Growth (Business Podcast)
On today’s show, we interview the NY Times bestselling author Jonathan Tepper. Jonathan is the owner of the macroeconomic research group that provides leading indicators to various asset managers. He is a Rhodes Scholar and a graduate of Oxford University. We talk to Jonathan about Buffett’s approach to investing in concentrated industries along with his thoughts on inflation. In this episode, you'll learn:What the retail investor can learn from Warren Buffett about how to i
TIP192: NBA Owner Lives w/ Monks, Jesse Itzler (Business Podcast)
In this episode, Preston and Stig talk to one of the owners of the Atlanta Hawks Basketball team, Jesse Itzler. Jesse is a serial entrepreneur and the founder of numerous start-up companies. In particular, Jesse was the founder of Marquis Jet, which was sold to Warren Buffett’s Berkshire Hathaway. During our discussion, Jesse talks to us about his new book, Living With The Monks. In the book, Jesse learns what turning off his phone taught him about happiness, gratitude, and focus. Check
TIP191: Jim Rickards (Part 2) Artificial Intelligence, Bitcoin, and Credit Cycles (Business Podcast)
Jim Rickards is a New York Times Best Selling Author and major authority in central banking policy. Jim has worked on Wall Street for more than 35 years and his comments and commentary are frequently aired on CNBC, Bloomberg, and countless other national level news organizations. His books are on the recommended reading lists at businesses like Bridgewater Associates and major US banks. Our interview with Jim is two episodes long and this is the second half of the discussion.IN THIS EPI
TIP190: Jim Rickards (Part I) - Central Banking, Taxes, and Crypto - Business Podcast
Jim Rickards is a New York Times Best Selling Author and major authority in central banking policy. Jim has worked on Wall Street for more than 35 years and his comments and commentary are frequently aired on CNBC, Bloomberg, and countless other national level news organizations. His books are on the recommended reading lists at businesses like Bridgewater Associates and major US banks. Our interview with Jim is two episodes long and this is the first half of the discussion. First we ta
TIP189: Ian Siegel - Founding a Billion Dollar Company (Business Podcast)
On today's show, we talk to Ian Siegel. Ian is the founder and current CEO of the billion-dollar tech company, Zip Recruiter. Ian built the company from nothing in 2010 and has now served over 120 million customers. On today’s interview, we talk to Ian how he did this. We ask him what advice he can give to other people that are also trying to grow their own business from the ground up and how they will know if they have a winner on their hands. Before founding his current company, Ian w
TIP188: Mastermind Discussion 2nd Q 2018 w/ Jesse Felder & Tobias Carlisle (Business Podcast)
On today’s show, we have assembled our mastermind group for the 2nd quarter of 2018. Some of the major market themes we have seen since the start of the year is a substantial sell off in short and mid-term duration government bonds, with the 10 year treasury briefly hitting over 3%. Since global equity markets hit a high on 25 January 2018, they have struggled to sustain that level, at the end of April 2018, the market is still down -6% since those highs. Many are attributing the slow-d
TIP187: The Culture Code w/ Daniel Coyle (Business Podcast)
On Today's show we talk to the New York Times Best Selling author, Daniel Coyle. Daniel is a leading expert in the development of peak performing cultures. In his new book, The Culture Code, Daniel interviews people like billionaire Tony Hsieh, Pixar's Ed Catmull, and many more. If you ever wanted to know what it takes to build a top performing team, you'll definitely want to hear what Daniel has to say.IN THIS EPISODE, YOU’LL LEARN:
How do you create the strongest culture in your organ
TIP186: Part II - The Bitcoin Debate - Tuur Demeester & Erik Townsend (Investing Podcast)
In 2017, we saw Bitcoin grow by over 1300%. Ever since the start of the new year, however, things have been pretty ugly, with a year to date performance of -50%. So what in the world is happening? Is bitcoin still the darling new asset class that so many people believe in, or is something more frightening on the horizon? Well, on today's show, we are going to have a little discussion that covers both sides of the argument. In one corner we have Tuur Demeester. Tuur has been an investor
TIP185: The Bitcoin Debate (part 1) w/ Tuur Demeester & Erik Townsend (Investing Podcast)
In 2017, we saw Bitcoin grow by over 1300%. Ever since the start of the new year, however, things have been pretty ugly, with a year to date performance of -50%. So what in the world is happening? Is bitcoin still the darling new asset class that so many people believe in, or is something more frightening on the horizon? Well, on today's show, we are going to have a little discussion that covers both sides of the argument. In one corner we have Tuur Demeester. Tuur has been an investor
TIP184: Momentum Investing w/ Dr. Richard Smith (Investing Podcast)
In today's episode we talking to Dr. Richard Smith. Smith is an expert at momentum investing and is the founder of the popular investing website, TradeStops. During the discussion Smith explains how a firm understanding of volatility and statistics can enable momentum investors an edge in determining entry and exit points into stocks that are selected based on fundamental advantages.IN THIS EPISODE, YOU’LL LEARN:
How to trust math and not emotions in your portfolio.
How to mix billionai
TIP183: The Dollar Decline, China, Gold & Crypto Currencies w/ Luke Gromen (Investing Podcast)
On today's show, we talk to the astute Luke Gromen about the current dollar decline. Luke provides numerous details why the dollar is currently devaluing despite the FED tightening the money supply. Additionally, Luke talks about the interesting relationship with China and how they are acquiring large amounts of gold and oil to reduce their dependence on the US dollar. In general, this interview provides incredible insights into understanding currency & commodity movements and where
TIP182: The Compound Effect by Darren Hardy (Business Podcast)
The Compound Effect is a book written by New York Times Best Selling author, Darren Hardy. Hardy is the former editor at Success Magazine and is an expert in understanding peak business performance.IN THIS EPISODE, YOU’LL LEARN:
How and why you should be the world’s biggest believer in consistency.
Why you should claim 100% ownership of everything that happens to you.
5 step checklist to get momentum behind compounding success.
Why success is something you attract by the person you beco
TIP181: Snap Judgements - a Review of Blink by Malcolm Gladwell (Business Podcast)
Malcolm Gladwell is a New York Times Best Selling author for multiple books. On today's show, Preston and Stig cover his book, Blink. Gladwell's book goes into detail exploring the things that happen in the first two seconds a person is exposed to something new. He examines why some people are able to make really good snap judgments while others are terrible. The Investor's Podcast chose this book because stock investors are constantly making good and bad decisions that are sometimes ba
TIP180: Legendary Investor Bill Miller on Stocks, Commodities, & Bitcoin
Mr. Miller was the former Chairman and Chief Investment Officer for Legg Mason Capital Management where he managed over 75 billion dollars. Today, Miller owns and operates Miller Value Partners. Through the years, Mr. Miller has been called “The Greatest Money Manager of the Decade” by Morningstar, a member of the “Power 30” by SmartMoney, and a member of the “All-Century Investment Team” by Barron’s.During the discussion, Mr. Miller talks about the current market conditions, bond rates
TIP179: Private Equity Investing w/ Doug McCormick (Business Podcast)
On today's show we talk to private equity investing expert, Doug McCormick. Doug has been a private equity investor for two decades and his company has assets under management in excess of a billion dollars.IN THIS EPISODE, YOU’LL LEARN:
How does the private equity model work?
What happens when a private equity company makes an acquisition?
Why has private equity industry outperformed the stock market and will it continue?
Which critical factors determine if a takeover is successful or
TIP178: Sam Walton - Made In America - The Story of Wal-Mart (Business Podcast)
On today's episode we learn about Billionaire Sam Walton. To prepare for the show we read Walton's book: Made In America.IN THIS EPISODE, YOU’LL LEARN:
Sam Walton’s 10 pieces of advice for building a successful business.
What Amazon learned from Walmart.
Why it is a big problem if your team is not complaining.
Ask the Investors: Are Warren and Charlie the competitive advantage of Berkshire Hathaway?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful
TIP177: Mastermind Discussion 1Q 2018 (Business Podcast)
Before the recent 10% correction, we saw more call options compared to put options by 2 standard deviations. We also saw the price at 3 standard deviations above the 200 Day Moving Average (DMA). On top of that, the Stock market is currently priced at levels only seen in 1929 and 2000. With that said, we have assembled the Mastermind Group to talk about any opportunities that still might exist in the market that could out-perform the S&P 500 index. For Toby, Hari, and Stig, they ta
TIP176: Momentum & Value Investing w/ Dr. Wesley Gray (Business Podcast)
On today's show we bring back a popular guest, Dr. Wesley Gray. He has an interesting approach that's a mix between value and momentum investing. Dr. Gray discovered this approach after conducting years of research and backtesting of both styles of investing. The strategy allows him to buy undervalued stocks and also hedge the markets simultaneously.IN THIS EPISODE, YOU’LL LEARN:
How and why to follow a trend in the stock and the bond markets.
What the biggest mistake value investors ma
TIP175: Shane Parrish - On Buffett, Dalio, and Reading (Business Podcast)
On today's show we talk to renown investment blogger, Shane Parrish. Shane is a Buffett style investor that reads and studies everything about the markets. On today's show we talk to Shane about learning and optimizing. He also discusses his opinions on the difference between Ray Dalio and Warren Buffett's investing approach.IN THIS EPISODE, YOU’LL LEARN:
How Shane thinks about learning new things.
What mental models are.
Shane’s opinions on Ray Dalio and Warren Buffett.
What books Shan
TIP174: Billionaires Ray Dalio & Bill Gross and Their Expectations for 2018 (Business Podcast)
As the stock market continues to make new highs day after day, we look at recent comments by Billionaires Ray Dalio and Bill Gross to try and understand what's happening and what might happen moving forward.IN THIS EPISODE, YOU’LL LEARN:
Why Ray Dalio suggests the Market is transitioning into a tightening phase in 2018.
Why Dalio thinks the stock market might have more upside.
Why the Bond market is a risky place to be in 2018.
Bond King Bill Gross's thoughts on the Bond market in 2018.
TIP173: Stock Market Melt-up with Richard Duncan (Business Podcast)
On today’s show, we bring back a guest that often yields some of the biggest praise from our listeners. His name is Richard Duncan and this is the third time we’ve had him on the show. Richard comes with a wealth of knowledge and over 30 years of experience working for organizations like the World Bank, the IMF, large cap asset management companies, and many more. He’s the author of three incredible books that discuss macro economics and how the world of finance functions in a fiat worl
TIP172: The Art of the Good Life by Rolf Dobelli (Business Podcast)
In this episode, we review Rolf Dobelli's new book that was highly recommended by Guy Spier. The book promises to deliver 52 surprising shortcuts to happiness, wealth and success.IN THIS EPISODE, YOU’LL LEARN:
Why a good life is all about interpreting facts constructively.
Why rereading 10 books is a better use of your time than reading 100 books.
How to balance what is enjoyable and meaningful in your life.
Why the climate is negligible whether you’re living in Miami than Buffalo.
Ask
TIP171: The Power of Moments w/ Dan Heath (Business Podcast)
Today’s guest is Dan Heath and he’s a three-time New York Times best selling author. Dan is graduate of Harvard and is also a Senior Fellow at Duke University. During the show we talk about Dan's newest book, The Power of Moments. IN THIS EPISODE, YOU’LL LEARN:
How to change your life and business through significant moments.
Which moments that can create short-term and long-term happiness.
How to level up on your skill set, just like a computer game.
Ask The Investors: What is the intr
TIP170: A Bet with Warren Buffett - Guest Ted Seides (Business Podcast)
On today's show we talk to Ted Seides. Ted is a graduate of Yale and Harvard university and he comes with multiple decades of experience in finance. For people not familiar with Ted, most might recognize him has the gentlemen that took the opposite side of Warren Buffett’s bet with the hedge fund industry. We talk to Ted about this friendly wager, how it came about, what the results were, and what he thinks about the chances of beating the S&P 500 moving forward. Something else that
TIP169: Jesse Felder - FANG Stocks, Crypto, Central Banks, Inflation (Investing Podcast)
In today's episode we talk to former multi-billion dollar hedge fund manager, Jesse Felder. Jesse talks to us about his concern with FANG Stocks at the end of 2017. Additionally, Jesse talks to us about the potential change in central banking policy that might open the door for inflation to start taking hold in the economy. Finally, the discussion is concluded with Bitcoin and crypto currencies.IN THIS EPISODE, YOU’LL LEARN:
The risks of investing in FANG stocks.
If investors in Apple
TIP168: Guy Spier on Value Investing, Markets, Bitcoin & more (Business Podcast)
When we first started our podcast, Guy Spier was one of the first guests on the show. He is the founder of the Aqua Marine Hedge Fund and he's a Warren Buffett Style investor. Guy is the author of the best selling book, The Education of a Value Investor, and he's a graduate of Harvard and Oxford University. During our discussion, we cover a wide array of topics like, what kind of daily readings he looks at, the impact of statics and humility, credit cycles, cryptocurrencies, and much mo
TIP167: How The Mighty Fall by Jim Collins (Business Podcast)
One of the biggest names in business literature is Jim Collins. And we recently saw that Billionaire Jeff Bezos recommended Jim’s book, Built to Last. Since we are big fans of both Jim Collins and Jeff Bezos we felt like the book would be a fantastic read for the audience. IN THIS EPISODE, YOU’LL LEARN:
The 5 distinctive stages of decline.
Which 3 key ratios can predict if a company will fall.
How and why a company can pull itself out of a decline.
Why a successful management should fee
TIP166: Mastermind Discussion 4Q 2017 - Stocks & Bitcoin (Business Podcast)
In today's show, we assemble the TIP mastermind group for another discussion. The team talks about various stock picks that might out perform the S&P 500. Preston and Stig talk about the airline industry, while Tobias and Hari talk about pharmaceuticals and railroads.IN THIS EPISODE, YOU’LL LEARN:
Which stocks the TIP mastermind group might acquire this quarter.
Why you should go straight to the numbers before analyzing a stock pick in detail.
Why the airline industry might be worth
TIP165: Tobias Carlisle and The Acquirer's Multiple (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is a good return on the stock market today?
Why is Enterprise value more useful than Market cap when you value stocks?
Can you be diversified owning just one asset class?
How do I size my positions when I buy options?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tobias Carlisle’s new book, The Acquirer’s Multiple – read reviews
TIP164: Billionaire Ray Dalio's new book: Principles (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why you can have anything but not everything in life.
Why 15 uncorrelated bets is the holy grail of investing.
Ray Dalio’s 5 step process to achieve your goals in life.
The personal advice Ray Dalio gave to Preston.
Ask The Investors: Why is inflation so low when the economy is booming.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Ray Da
TIP163: The Intrinsic Value of 3 Stocks (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why McDonald's is a great company but a horrible stock pick in 2017.
Should you invest in Russia given the high US stock market?
Why dividend payments might be more important for certain stocks.
How to think about the risk of an individual company compared to the market.
Ask The Investors: What will happen to ETFs if the market crashes?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with
TIP162: Atlanta Hawks Owner Jesse Itzler, Mt. Everest, & Colin O'Brady (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What Jesse's 29029 event was like.
Jesse and Preston's top take-aways from climbing the mountain 17 times.
What it takes to develop more grit.
The incredible story of Colin O'Brady (climbing the 7 tallest peaks and visiting both poles).
How to overcome major obstacles in your life.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jesse Itzle
TIP161: Warren Buffett, Charlie Munger w/ Renown Author Roger Lowenstein (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The one thing that people don’t know about Warren Buffett?
Why Charlie Munger has made Warren Buffett’s more fun, but perhaps not more prosperous.
Why we have the same conversation about Central Banks as we did 100 years ago.
Ask the Investors: What is the future of crypto currency.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Roger Lowe
TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Central Banks are manipulating markets and why Bitcoin is important.
What is Segwit 2X.
What is the lightning network.
What is an atomic swap.
What capabilities will be important for bitcoin in the future.
What the future price of bitcoin might be worth.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Luke’s Books on Amazon.
Luke’s Macr
TIP159: Billionaire Michael Jordan - with Roland Lazenby (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why timing is everything in sports and business
How Michael Jordan changed the game of basketball on and off the court
Why it was Michal Jordan’s mindset as much as his athleticism that made him the greatest player of all time.
Ask the Investors: How can I continue to educate myself within investing?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community
TIP158: Artificial Intelligence & Deep Learning w/ Rise of the Robots author - Martin Ford (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How much hype and reality is behind much of the artificial intelligence stories you hear today
If the US or China is better positioned for the new wave of artificial intelligence
How artificial intelligence will disrupt your career in the finance industry
If artificial intelligence has changed valuation techniques
Ask the investors: How do I diversify my ETF portfolio?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful
TIP157: Quantitative Tightening, Bitcoin, and Currencies w/ Grant Williams (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is quantitative easing and how does it work?
Why Central Banks are buying stocks.
What the severe debt situation means for currencies.
Why Howard Marks changed his opinion on Bitcoin.
Ask the Investors: How do I value stocks when the interest rate is so low?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Grant Williams’ podcast, Adven
TIP156: Small Cap Investing w/ Eric Cinnamond (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why small cap investing can be profitable for the right type of investor.
Why you should always question where you are in the profit margin cycle.
Why money managers are 100% invested in a market that 80% of them believes is overvalued.
Why cyclical stocks are hated and yet can be extremely profitable.
Ask the investors: How do I value stocks with declining net income?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful
TIP155: Mastermind Discussion (Part 2) - Intrinsic Value of 2 Stock Picks (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What kind of return could one expect from investing in Target.
Why Amazon could cause as much damage to the retail industry in next 5 years as it did in the previous 20 years.
Why investors should value offline and online retail traffic differently.
If REITs are a good placeholder for cash.
Why growth is not always good for a real estate company.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discuss
TIP154: Mastermind Discussion (Part 1) - Intrinsic Value of 2 Stock Picks w/ John Huber (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If stocks trading at 40 times earning can be cheap.
Why you can make 10x on cyclical stocks.
What risks you face if you invest in China.
How to value high growth companies.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
The Investor Podcast’s part 1 mastermind meeting for Q3 2017.
Sergio Marchionne’s paper, Confessions of a Capital Junkie
TIP153: Corporate Raiders and Boardroom Battles w/ Jeff Gramm Author of Dear Chairman (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the management often doesn’t represent the shareholder’s interest.
How billionaire investors like Warren Buffett practice shareholders activism.
What retail investors can do if they’re not satisfied with the management.
How concentrated your stock portfolio should be.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jeff Gramm’s book, De
TIP152: How Asia Works with Joe Studwell (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Bill Gates made “How Asia Works” a mandatory read within his foundation.
Why some countries are rich while others are poor.
How much of Asian economic progress is due to Western influence and why?
If South America and Africa can achieve economic growth like Japan, South Korea, and Taiwan?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
TIP151: Billionaire Jesse Itzler - Business, Branding, Everest & More (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
A free and very effective approach to acquiring customers.
Why the product always comes before branding in business.
Why sending hand written letters might change your life.
Jesse Itzler’s most surprising business lesson from owning the Atlanta Hawks.
How Jesse has changed Preston and Stig’s worst habit.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other commun
TIP150: Questions from the Audience, Artificial Intelligence (AI), Options Trading, Value Investing, & The Intelligent Investor (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Artificial Intelligence will disrupt multiple industries.
How the best investors in the world use stock screeners.
Exactly how much the valuation of stocks change the expected return.
How to invest with options in an overvalued market.
How to value the assets on the balance sheet.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Preston
TIP149: Billionaire Seth Klarman's book - Margin of Safety (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Different methods for conducting stock investing valuations.
The difference between investors and speculators.
When you should hold short term and long term bonds.
How to counteract risk in your portfolio.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Seth Klarman’s book, Margin of Safety – Read reviews of this book.
Preston and Stig’s p
TIP148: How to Become Rejection Proof (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why 100 days of rejections is the best thing that could ever happen.
Why the smartest people always ask “why” before they say goodbye.
How and why you should also ask for a small favor after every rejection.
Why rejections are a numbers game, and often as nothing to do with you.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jia Jiang’s bo
TIP147: Billionaire Charlie Munger and the Daily Journal (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What would happen if we all bought index funds.
What the future holds for money managers.
Why it would be delusional to think you understand the future of payment systems.
Why you need to earn the right to become rich.
Whether you should invest through a partnership or a holding company.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Hari’
TIP146: Superforecasting - The Art and Science of Predicting (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The right framework for making correct forecasts.
How to prevent confirmation bias for your investments.
Why financial experts are storytellers rather than forecasters.
How and why the best investors constantly change their opinion.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Dan Gardner and Philip Tetlock’s book, Superforcasting – Rea
TIP145: Bitcoin and Ethereum w/ Tuur Demeester (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What the fundamental value of Bitcoin is.
Why Bitcoin might continue to be the dominant cryptocurrency.
Why Bitcoin is expected to split into multiple currencies.
The main differences between Bitcoin and Ethereum.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Preston’s and Stig’s episode about Bitcoin and other cryptocurrencies.
NEW TO T
TIP144: Billionaire Howard Schultz' book, Onward - A Story About Starbucks (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The story behind Starbucks and how it got to where it is today.
How Starbucks’ growth strategy failed and how it was fixed.
Why successful leaders are obsessive about their businesses.
If McDonald's truly makes better coffee than Starbucks.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Howard Schulz’s book, Onward – Read reviews of this b
TIP143: Mastermind Discussion 2Q 2017 - Four Stock Picks to Beat the Market (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Which 4 stock picks that might outperform the S&P 500.
How to invest when real assets have never been cheaper compared to financial assets.
Why you are only as smart as your dumbest competitor in a commodity business.
How to validate your investment thesis.
How Preston and Stig ended up in Bed Bath & Beyond for a guys’ night out.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with
TIP142: The Startups of Uber and Airbnb w/ NY Times Best Selling Author Brad Stone (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How much skill and luck is behind the success of Uber and Airbnb.
Why investors are currently paying close to $70B to own a company that loses $4B a year.
Why the next generation of successful companies in Silicon Valley will master Artificial Intelligence.
How and why Brad Stone’s previous book got a 1-star review from Jeff Bezos’ wife.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with
TIP141: (Part II) Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholders Meeting 2017 - (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Warren Buffett estimates the intrinsic value of Berkshire Hathaway.
How artificial intelligence might impact Berkshire Hathaway.
What Warren Buffett has learned about investing in the last decade.
Warren Buffett and Charlie’s forecast about economic growth.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Preston and Stig’s discussion ab
TIP140: Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholders Meeting 2017 (Part 1) - (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Warren Buffett recently sold IBM stocks and bought Apple instead
How much Warren Buffett thinks the Berkshire stock will compound its intrinsic value over the next 10 years Why Warren Buffett regrets not investing in Google.
Why Warren Buffett is a great stock picker, but an even better business owner.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other commu
TIP139: Jim Rogers - Macro, Gold, Junk Bonds, India, & Currencies (Stock Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Jim Rogers’ positions in the market.
Why he is holding gold, but does not add to his position.
If India is a good financial market to invest in.
What happened when Preston followed Jim’s advice to short junk bonds in 2015.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jim Rogers’ book, Street Smarts – Read reviews of this book.
Jim Roger’
TIP138: Jim Rickards (Part II) - Currencies, the Euro, and Central Banking (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Jim is a bull on the Euro and whether or not it can replace the Dollar.
Why the world would be better off with a fixed exchange rate system.
If a new currency that few have heard about will replace the monetary system as we know it.
Why high economic growth won’t be happening in the US anytime soon.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other communit
TIP137: Jim Rickards - Interest Rates and Central Bankers
IN THIS EPISODE, YOU’LL LEARN:
How and if the FED could raise rates during the next 10 quarters like a clockwork.
Which model to use to accurately forecast central bankers decisions to move interest rates.
If and how you can position your portfolio for hikes.
Why negative rates don’t work in the United States (or the world).
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members
TIP136: Joel Greenblatt - You Can Be A Stock Market Genius (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to take positions in the market with a $5 upside and a $1 downside.
How to make money in spin offs.
How to make money in risk arbitrage and merger securities.
How call options work.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Joel Greenblatt’s book, You Can Be a Stock Market Genius – Read reviews of this book.
Joel Greenblatt’s book
TIP135: Henry Ford & the Secrets of his Success w/ Christopher Whalen (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Henry Ford almost destroyed his company several times.
How Henry Ford closed down the entire banking system in the US.
Why the product launch of the Ford Edsel in 1958 is still considered the best marketing case today.
Two takeaways from Ford Motor Company that all business owners should know.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community memb
TIP134: Unshakeable by Tony Robbins (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What you can and can’t control in the financial markets.
The truth about diversification.
Why private equity funds are not worth their high fees.
Why you should write down your personal rules before you invest.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Toby Robbins’ book, Unshakable – Read reviews of this book.
Preston and Stig’s podc
TIP133: Alan Greenspan & Richard Duncan - Macro Economics (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
About Richard Duncan’s recent conversation with former FED Chairman Alan Greenspan.
How $10T was suddenly created out of thin air and the impact of the world economy.
How the Chinese trade surplus with the US impacts the global economy.
How and why China is building out new infrastructure equivalent to 10 US highway systems.
How the US should invest in infrastructure.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful s
TIP132: Raoul Pal - Macro Investing & New Opportunities (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Tesla might be one of the worst stock picks right now.
Why the real investors are bears on oil, while speculators are bulls.
Why the dollar will strengthen, and why a recession might even accelerate it.
Why the Iranian economy might be one of the best places to put your money.
Why India’s ban on cash is a smart move for a developing economy.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussi
TIP131: Smarter, Faster, Better by Charles Duhigg (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why control is the key to motivating people.
How to form the best teams?
Why GE is setting both SMART goals and strength goals.
How to statistically make the best decisions.
Ask the Investors: How diversified should I be when my portfolio is my net worth?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Charles Duhigg’s book, Smarter Faster
TIP130: Mastermind Discussion 1Q 2017 (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If Charlie Munger thinks it’s better to invest in China than the US.
If Warren Buffett is winning his $1M cash bet against hedge funds.
Why Warren Buffett’s is holding $86B in cash.
Why index funds are mispricing individual stocks.
Why Bill Miller thinks the stock market could easily go higher.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members
TIP129: Bill Gates' Book Recommendation - Mindset by Carol Dweck (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why and how you should evolve from a fixed mindset to a growth mindset.
How ego stops your personal development and humility makes it grow.
Ask the investors: What would happen in the financial markets if everyone followed a value investing approach?
Ask the investors: How does Stanley Druckenmiller use momentum investing to beat the market?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions
TIP128: Edward Thorp - Investing Legend, Math Genius (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to beat Blackjack from the person that literally wrote the book on it.
How you should size your positions in the market.
Why Ed Thorp made 20% annually on his portfolio over 30 years.
Why Ed Thorp suddenly found himself playing bridge with Buffett.
How to look young when you are 84 (seriously!).
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community me
TIP 127 : Living In Space and What's Next w/ NASA Astronaut Tim Kopra
IN THIS EPISODE, YOU’LL LEARN:
What it's like to get shot into space.
What it's like to live in the International Space Station.
What it's like to re-enter the earth's atmosphere.
Why billionaire Elon Musk thought it was easier to start up a space company than making the cut to become an astronaut at NASA.
How it literally feels to walk around in space and why it’s very different from what you see in the movies.
Why big goals are empowering and how to model your behavior to achieve them
TIP 126 : The Third Wave - A Review of Billionaire Steve Case's Book (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the story of AOL is really a story about the Internet.
How to negotiate with Microsoft when Bill Gates really wants to crush you.
Why and how the Internet will be enabled in all devices in the future.
Why the biggest merger in the field of technology failed and what we can learn from it.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
S
TIP 125 : Billionaire Reid Hoffman & The Start-Up of You (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to build a professional network, so you don’t have to apply for a job the traditional way.
How you develop a competitive advantage as an employee in today’s market.
How to take intelligent risks in your business and on your job.
Ask the Investors: What are the biggest biases new investors have?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community mem
TIP 124 : One Up On Wall Street by Peter Lynch (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If new investors should build their portfolio around small cap stocks.
Why there is more to it than just picking companies you understand.
How to identify a stock pick that has pricing power.
A rather untraditional approach to identifying good stocks.
Ask The Investors: Should a value investor invest in net-net stocks?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and th
TIP 123 : Part 2 Momentum Investing w/ Dr. Wesley Gray (Finance Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why value investors have the perfect temperament to follow a momentum strategy.
If investors can improve their momentum strategy by individual stock picking.
Why Dr. Gray is long US stocks though he believes they are highly overvalued.
Ask the Investors: Why and when you should consider shorting the S&P500.
Ask the Investors: What moment did you decided to become a lifelong learner?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to eng
TIP 122 : Momentum Investing w/ Dr. Wesley Gray (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why momentum investing is not the same as growth investing.
Why value investor should consider a momentum strategy in their portfolio.
Why investing is like poker, where the best players win over time.
Ask the Investors: What do you look for in a 10K?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Dr. Wesley Gray’s website: Alpha Architect
TIP 121 : Super-Investor Mohnish Pabrai - Part 2 (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Mohnish Pabrai recently invested in Southwest Airlines.
What Mohnish Pabrai’s biggest investment mistake is, and how he later made more than $100 million because of it.
If Warren Buffett and Charlie Munger consider any macro decisions in their investment approach.
Why the airline industry is a terrible sector, but might still be a great investment at the moment.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful sto
TIP 120 : Warren Buffett's Clone: Mohnish Pabrai - Part I (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Mohnish accumulated business knowledge from the age of 11.
Why Mohnish is one of the very best and respected investors in the value investing community.
What special advantages people like Bill Gates and Warren Buffett had to become so successful.
How Mohnish set up and ran a business like Warren Buffett and Charlie Munger.
Why investing is not a team sport.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock i
TIP 119 : The Lean Startup by Eric Ries (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to use Lean Six Sigma to optimize your processes.
How to use Validated Learning to develop what the customer truly wants.
What Innovation Accounting is and why every start-up should use it.
How to develop a minimum viable product, and push it out as soon as possible.
Why you should always ask “Why” 5 times when your company faces a problem.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussio
TIP 118 : Mastermind Discussion 4th Quarter (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Berkshire Hathaway is building a small equity position in the airline industry.
Why gold might be a good asset class depending on the country you live in.
What has caused the sell-off in bonds and how that will influence the stock market.
Why India recently took the biggest currency bills out of circulation overnight.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and
TIP 117 : Value Investing Legend, Bill Miller (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Bill thinks some value investors miscalculate the value of Amazon
Why billionaire macro investors think that bond yields might go to 6% in 12-24 months
If the Enterprise Multiple is the best key ratio to filter stocks by
Why Bill thinks Apple was a bad capital allocator and how they have improved since
How Bill views the value of Tesla at the end of 2016
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock inves
TIP 116 : The 35 Year Bond Bubble w/ Grant Williams (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Ray Dalio’s thoughts on whether the Bond Market has ended it’s Bull Streak.
Why Cash might be a great call option on all asset classes.
Thoughts on the current conditions of Gold.
What an economic reset is and how it applies to today’s market.
Why the dollar is the primary reserve currency on borrowed time.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other comm
TIP 115 : Value Investing and Special Situations w/ Toby Carlisle (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If the presidential election will have any impact on the stock market.
An alternative approach to investing in an overvalued market.
How to use options as a value investor.
How Warren Buffett used a special investing strategy to achieve 29.5% over a 12-year period.
Ask the investor: How to start your career as a value investor.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Cla
TIP 114 : Part II - Jim Rickards ~ The Road to Ruin (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What central bankers are missing when looking at monetary policy.
What’s going to happen with interest rates in December.
World Taxation and how it could happen.
World taxation and how it could happen.
What Ben Bernanke and William Dudley personally told Jim about raising rates.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jim Rickards’
TIP 113 : Jim Rickards and the Road to Ruin (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why we faced a crisis in 1998 and 2008, and why me might have an even bigger crisis in 2018.
That the FED is leveraged 113-1, and why the IMF will be bailing out the FED during the next crisis.
What “SDR money ” is and why it will become the new global currency anyone noticing it.
Why the conventional economic models are wrong, and which type of science should replace it.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningf
TIP 112 : Billionaire Paul Allen - Idea Man (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Bill Gates and Paul Allen founded Microsoft and why it couldn’t have happened without their complementary skill sets.
Why Bill Gates and Paul Allen had all the right external factors on their side to become billionaires.
What you might do when you retire age 30 and have more than a billion dollars.
If Microsoft has the right business strategy for the future.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock i
TIP 111 : Good to Great - (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the best company leaders consider themselves lucky rather than skilled, and why you should do the same.
How to find the right people for your organization by asking “why” multiple times.
Why and when it pays to be a pessimist in life and in business.
Why the great companies would rather use technology as an accelerator, but never as a creator for their concepts.
Why success always looks to be happening overnight, but in reality is always a question of
TIP 110 : Jesse Felder and the Current Market Conditions
IN THIS EPISODE, YOU’LL LEARN:
Why margin debt might be a good indicator for future stock returns.
Why cash and real assets like gold are the least risk right now.
How Preston’s junk bond position has performed.
Which monetary policy Janet Yellen should execute.
Why Minsky’s theory is important for volatility trading.
Ask the Investors: How do I value goodwill?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig,
TIP 109 : Questions from the Audience (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If Warren Buffet can achieve a 50% return on $1 Million dollars.
The importance of catalysts in value investing.
Preston and Stig’s thoughts on home ownerships and REITs as investments.
If you should invest in foreign bonds.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
George Soros’ book, The Alchemy of Finance – Read reviews of this boo
TIP 108 : The Outsiders - 8 CEOs w/ Huge Returns (Investing podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why you want the CEO to think more like a capital allocator than a traditional CEO.
How the best capital allocators create arbitrage on their own stocks.
Use to use debt intelligently when growing your company.
How and why the most profitable companies does not compete on price.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
William Thornd
TIP 107 : Jack Welch's book - Winning (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to rise to the top in the corporate world.
Why you should openly rank your employees and reward them accordingly.
How to provide feedback for your boss.
The one question you should ask to identify the best candidate for a job.
Why you should implement Lean Six Sigma.
Ask the investors: How much money do I need to start investing.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Sti
TIP106 : Influence and Pre-Suasion w/ Dr. Robert Cialdini (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Charlie Munger and Warren Buffett made 100s of millions of dollars by reading Dr. Cialdini’s book.
Why Warren Buffett always starts his annual shareholder letter by outlining a mistake he has made in the past year.
The 6 most powerful factors of influence used in marketing.
What Daniel Kahneman has said is the most important thing to understand.
Why and how 97% of all online buyers are influenced by social proof before making a buying decision.
BOOKS A
TIP 105 : Mastermind Group 2016 3rd Quarter (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How can an investor find a decent yield when many asset classes are overvalued.
Why special situations might be the best investing approach right now.
If Humana is a profitable risk arbitrage bet right now.
How you can generate a steady cash flow by selling put options in great businesses.
If dollar cost averaging is a good investment strategy in the current market conditions.
If QE causes a roaring stock market.
BOOKS AND RESOURCES
Join the exclusive TIP
TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What “greenmail” is and how Icahn basically got paid for not taking over companies.
How to conduct an activist approach to investing.
Why Carl Icahn always wins in a negotiation.
If Carl Icahn is truly a bear in the current market conditions.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Mark Steven’s book, King Icahn – Read reviews of th
TIP 103 : Life Inc. - Running your home finances like a business w/ Doug McCormick
IN THIS EPISODE, YOU’LL LEARN:
How to maximize your family’s wealth.
How to estimate the value of your education.
What the future prospects for inflation are and how it influence your family.
Why owning your own home is a consumption decision and not an investment decision.
Which asset class that is the least bad right now.
The difference between the public and private market.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discuss
TIP 102 : Common Stocks & Uncommon Profits - A Discussion of Philip Fisher's Classic Book (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Warren Buffett used the teachings of the book to build his famous Coca-Cola position.
The 15 points to look for when buying a stock.
Why a hit on the earnings of a company is often a great investment opportunity.
The 3 reasons to sell a stock.
Why Preston and Stig put different weight on the top line and bottom line of the company.
Why you might not sell a stock with a high P/E.
The danger of limit orders.
How many positions you should have in your por
TIP 101 : Creativity Inc. - by Pixar's Ed Catmull (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to protect your business and culture from becoming obsolete.
Why truly successful companies never compromise on quality.
Why humility is the key to success.
How to become more creative and lead a team of creative people.
Why reality is subjective for leaders and employees.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Feel free to rea
TIP 100 : Cold-Calling Our Audience and what we Learned Studying Billionaires for 100 Shows (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The most important things Preston and Stig have learned after 100 episodes.
Why the financial analysis is more important than the conclusion.
If macroeconomics is important for the stock investor.
What Preston and Stig’s defining moments have been in their lives.
How investing might look in the future.
About Intrinsic Value.
Whether or not investing in small-cap stocks are risky.
How to use Shiller’s P/E to guide your investment strategy.
About different o
TIP 099 : Billionaire Jack Ma and Alibaba (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
About the business culture in China where 16 hours, 7 days a week, is not uncommon.
If Jack Ma is really a Chinese Jeff Bezos – or perhaps it’s the other way around.
Why the 9th biggest website in the world is completely unknown to the west.
Why eBay and Yahoo failed to enter the Chinese market.
Ask The Investors: If India is a good country to invest in right now.
BOOKS AND RESOURCES
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TIP 098 : The Power of Habit by Charles Duhigg (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The three things that drive habit loops.
How your mind starts anticipating certain behaviors before it even occurs.
How powerful your habits can become in controlling your everyday life.
What keystone habits are.
The Story of Michael Phelps.
Question from the audience: Value Investing Versus Index Funds.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other communi
TIP 097 : China and the History of the Dollar (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why and how bubbles are created by credit
How international central banks manipulate currencies
Why the US government benefits from the FED artificially keeping the interest rates low
Why the monetary system had changed fundamentally since the Bretton Woods agreement was broke
How the private investor should react to the new monetary system
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions w
TIP 096 : Billionaire Phil Knight & Nike - Shoe Dog (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Phil Knight?
What is the story behind Nike?
What led to Nike’s success?
What made Phil Knight a billionaire?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Feel free to read our free executive summary of the book, “Shoe Dog.”
Phil Knight’s book: Shoe Dog – Read reviews of this book.
Read the Intrinsic Value Assessment of Nike.
NEW
TIP 095 : Billionaire Tony Hsieh's Book - Delivering Happiness at Zappos (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to make your corporate culture your competitive advantage.
Why your organization should write a culture book.
How to make customer service your corporate vision and strategy.
How a CEO can fire his board of directors.
The 4 factors to sustainable happiness.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Feel free to read our free execu
TIP 094 : Raoul Pal - Macro Economics and Global Risks (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Raoul Pal is bear on oil and why it has nothing to do with supply and demand.
Why the dollar might soar in the coming months.
Why there’s a possibility of the dollar and gold going up simultaneously.
Why QE and asset prices might not be correlated as much as people think.
Why the hedge fund industry might be heading for trouble.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig
TIP 093 : BREXIT - The Financial Impact (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the British pound dropped to a 31 year low compared to the dollar.
If dollar or gold might be a better investment than the British pound.
Why European banks might create the next stock market crash.
If Brexit is the catalyst that will turn the world into a recession.
If Bank of England is conducting the right monetary policy.
What is Warren Buffett doing about Brexit?
BOOKS AND RESOURCES
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TIP 092 : Billionaire Lives w/ Navy SEAL for 30 Days - feat. Atlanta Hawks Owner, Jesse Itzler
IN THIS EPISODE, YOU’LL LEARN:
Why you shouldn’t focus on building your resume but rather building your life.
Why highly successful people are rewarded from making moves and ignoring embarrassment.
Why building a business around your passion is one of the most misunderstood concepts among entrepreneurs.
Why you are only using 40% of your capacity whether it’s physical training or in business.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock i
TIP 091 : Mastermind Group 2Q 2016 (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How to determine the value of Apple.
If the method for valuing Amazon has changed.
If it is a solid strategy to invest in companies that aggressively buying back shares.
If Mohnish Pabrai’s new ETF can be expected to perform well.
Toby Carlisle’s thoughts on launching his new ETF.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tobias’ book
TIP 090 : Jesse Felder's Macro & Micro Views on the Market (Stock Investing)
IN THIS EPISODE, YOU’LL LEARN:
What billionaire Stanley Druckenmiller attributes his success to.
Why technical analysis indicate that you should stay out of the stock market.
Why investors should pay attention to the NYSE Margin debt.
Why there might be a problem in the corporate bond market.
Which one piece of advice all college students considering a career in finance should follow.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing
TIP 089 : Oil - A Bearish Opinion (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why credit cycles are important to determine the future oil price.
How the strong dollar impacts the oil price.
Why central banks are not only dictating national monetary policy but the global oil market as well.
Why oil price might be unsustainable above $50 per barrel.
Why unprofitable oil companies have incentives to increase production.
Why North America is likely to slow down oil production in 2016.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermin
TIP 088 : The Intelligent Investor (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why The Intelligent Investor is Warren Buffett’s favorite book.
Why inflation is perhaps the most overlooked macro investing metric.
When and how you should conduct active and passive investing.
Why Warren Buffett thinks that chapters 8 and 20 are the two most important chapters of The Intelligent Investor in investment literature.
How to calculate the intrinsic value of a stock and why Preston and Stig disagree with Warren Buffet.
BOOKS AND RESOURCES
Join
TIP 087 : Attending the Berkshire Hathaway Shareholder's Meeting (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How it is to attend Warren Buffett’s annual shareholder meeting.
If negative interest rates have changed how Warren Buffett is valuating stocks.
How you can run a company with negative net working capital.
How Warren Buffett is currently looking at the real estate market.
Why Warren Buffett doesn’t want to discuss IBM.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and th
TIP 086 : Part II - Jack Schwager & Stock Market Wizards (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why you should always decide what your exit criteria is before you get into a security.
How to use fundamentals in trading.
How to optimally measure the performance of your portfolio.
Why traders in particular might want to use daily data to evaluate their strategy.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jack’s Company: Fundseeder.
TIP 085 : Jack Schwager & Stock Market Wizards (Money Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who the most undervalued investors in history are.
When shouldn’t let anyone influence your investment decisions.
What the 3 most important rules of value investing is.
How the shred investor can profit from options.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jack’s Company: Fundseeder.com.
Jack Schwager’s book: Market Wizards – Read R
TIP 084 : Billionaire Ted Turner's Story (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Ted Turner built a media empire.
How greed and wrong life priorities might be the cause of Ted Turner’s financial and personal downfall.
Why gold is insurance rather than an investment.
How Preston’s short position in bonds is going.
How to implement a dollar cost averaging strategy.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Ted T
TIP 083 : The First Billion is the Hardest by T Boone Pickens (Money Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the US is not looking to become energy independent anytime soon.
That the intrinsic value of one barrel of oil might be $76.
How to evaluate if a company should be paying out dividend, or buy back its stock.
If there is one key ratio to determine if a stock should be acquired or not.
Which order type that is best to avoid being exploited by high frequency traders.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful
TIP 082 : Jim Rickards - The New Case for Gold (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the price of gold perhaps should be between $10,000-$45,000.
If gold created the great depression.
In which market conditions gold do well.
Why investors might think they own gold, but in reality don’t.
How and where to store your physical gold.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jim Rickards’ book: The New Case for Gold –
TIP 081: Jim Rickards - China, Banking, & The New Case for Gold (Part 1 of 2)
IN THIS EPISODE, YOU’LL LEARN:
How Jim Rickards felt when he was the principal negotiator for Long Term Capital Management that collapsed in 1998 and lost $4 Billion dollars.
Why the current banking situation is worse today than in 2008.
Why China is the biggest buyer of gold in the world and why it’s a hedge against US inflation.
Why you may want to hold 10% gold in your portfolio.
If billionaire Kyle Bass made a mistake by shorting the Chinese Currency.
BOOKS AND RESOURCES
Join the ex
TIP 080 : The Speed of Trust by Stephen Covey (Leadership Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why costs are completely inversely correlated with trust in business.
Why trusting other people is ultimately your choice no matter past experiences.
How to find the right balance between blind trust and mistrust.
How building a corporate brand and building trust is essentially the same.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
The S
TIP 079 : The Effective Executive - by Peter Drucker (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why leadership is learned and talent is highly overrated.
Why the most effective executives audit their time once every quarter.
Why the best leader doesn’t make quick decisions.
Why Preston and Stig think shouldn’t work more than 40 hours per week.
Why meetings are often a vast of time, and what to do about it.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other
TIP 078 : Billionaire Moves in the Market & Negative Interest Rates (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The implication of negative interest rates for banks and bank customers.
Why quantitative easing doesn’t work in the current environment.
Why focus should be fiscal policy rather than monetary policy.
Why central banks works as a clearing house with the intention to avoid bank runs.
How a currency becomes worthy of reserve currency status.
If the low interest rates implies a new normal for expected stock market returns.
BOOKS AND RESOURCES
Join the exclusi
TIP 077 : Billionaire Oprah Winfrey - What I Know for Sure (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Oprah turned 40 before she learned how to say no, and why you should practice it now.
Why you shouldn’t enter any relationship with the intention to change that person.
Why what you fear the most always materialize if you let it cloud your mind.
Why you should embrace the truth of your past and let it set you free.
Why you should show true gratitude without expecting anything back in return.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Communi
TIP 076 : Mastermind Discussion 1Q 2016 (Investment Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If the mastermind group wants to invest in Japanese equities.
What is the implication of the slump in the oil price on the overall economy?
If Silicon Valley is at the peak of a new bubble.
If the mastermind group thinks that Stig should sell his position in Exxon Mobile.
What we can learn from Warren Buffett’s recent letters to his shareholders.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discuss
TIP 075 : The Davos World Economic Forum and The One Thing by Gary Keller (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How the crash of commodities are linked to the strong US dollar.
Why the Chinese are pegging their currency to a basket of currencies and not just the US dollar anymore.
Whether or not a shift in global power is trending away from the United States.
Why the best way to be productive on your job is by not being busy.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the o
TIP 074 : Billionaire George Soros - The Alchemy of Finance (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What reflexivity is, and how the concept has helped George Soros amass $23B.
Why floating currencies like the US dollar are bound to be unstable and ultimately crash.
How to value commodities.
How to calculate the intrinsic value in international stock markets.
If the stock market will return the same in the 21st century as the 20th century.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions
TIP 073 : Billionaire Howard Marks - The Most Important Thing (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Preston’s short position of junk bonds is performing.
How any asset is attractive at the right price, and how no asset is attractive at the wrong price.
Why value investors should be attentive to credit cycles.
How all financial markets are swinging like a pendulum and how to profit from it.
Why value investing is like tennis for beginners.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussio
TIP 072 : Creating a $10 Million Dollar Company by Age 24 - w/ Nathan Latka (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Nathan plans to go from being a multi-millionaire to become a billionaire in 8 years.
Which single powerful sentence billionaire Warren Buffett uses when he is negotiating acquisitions.
Why some people become millionaires and others become billionaires.
Which job all billionaires had when they were 13 years old.
Why investing is about people, and not about the asset.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningfu
TIP 071 : Value Investing Questions from the Audience and Benjamin Franklin by Walter Isaacson
IN THIS EPISODE, YOU’LL LEARN:
What has happened to the global stock market cap, and how it moves in cycles.
If Preston and Stig has changed their value investing strategy given the current market conditions.
Why Preston and Stig doesn’t look at analyst ratings and price targets.
How to stick to your strategy when the stock market crashes.
How Preston and Stig prioritize which books to read.
If the low interest rate justifies a higher P/E ratio.
BOOKS AND RESOURCES
Join the exclusive TI
TIP 070 : Global Value Investing and Clone Investing w/ Meb Faber (Money Podcast)
IN THIS EPISODE, YOU’LL LEARN:
In which regions the international value investor should look in 2016.
Why Meb Faber thinks the US is not in a bubble, but is still overvalued.
What the Ivy Portfolio is, and how you can beat the market by investing with the greatest investors in the world.
Why the best asset allocators in the world recommend the same asset classes for the optimal portfolio.
If Japan is something Meb Faber is looking into after the recent crash in their stock market.
BOOKS
TIP 069 : How to Win Friends and Influence People (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Check out our five-page executive summary of the book, How to Win Friends and Influence People.
Why a book about personal relationships is perhaps the most important book Warren Buffett has ever read.
How and why you should always look at yourself first before you place blame on anyone.
How to make other people like you… seriously!
Why your intentions should always be sincere, and how they work like a boomerang.
How to criticize another person – if you ca
TIP 068 : Current Market Conditions and Michael Lewis' Boomerang
IN THIS EPISODE, YOU’LL LEARN:
Why hedge fund managers like billionaires George Soros, Stanley Druckenmiller, and Ray Dalio might be the ones to follow instead of Warren Buffett.
Why Stig’s primary asset class is equities and which alternative assets Preston pays attention too.
Why the price of oil is in the low 30s, and whether or not Preston and Stig have changed their portfolio. accordingly.
Which asset allocation strategy Preston and Stig recommend for The Investors Podcast’s audien
TIP 067 : Liar's Poker by Michael Lewis (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why everyone considering a career on Wall Street should read this book before their first interview
The business model of a broker and trading company like Salomon Brothers
How much money Stig made as a commodities trader
How Preston thinks traders should be compensated
Ask The Investors: Should I invest locally if I live in a small country?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions
TIP 066 : Mastermind Discussion 4Q 2015 (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
If the mastermind group is looking to invest in technology companies.
If the mastermind group would consider momentum investing combined with value investing.
Why Preston is taking a short position in junk bonds.
Why baby boomers in Canada might provide you with a unique investing opportunity in the years to come.
How to make money on a depreciation of the Japanese currency, and the risks associated with it.
NEW TO THE SHOW?
Check out our We Study Billiona
TIP 065 : Yale Professor, Robert Shiller's Book, Irrational Exuberance (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why the Chinese Renminbi has emerged as a global currency in the past few weeks.
How ECB is trying to spark growth by lowering the deposit rate and extend quantitative easing.
What Preston and Stig think will happen if the FED hike rates.
What the relationship is between interest rates and asset prices.
How Schiller was correct about an investor in 2000 not making any returns over the next 12 years, and how that might be the case today.
Why former FED chai
TIP 064 : Warren Buffett's Biography (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Warren Buffett already read financial statements when he was kid.
Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.
How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.
Why Warren Buffett never replaces management in the companies he acquirers.
How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet ver
TIP 063 : Quant Investing with Patrick O'Shaughnessy (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why you shouldn’t be worried about companies that uses leverage to buy back shares
If excess stock returns found through back testing can be expected to continue in the future
Why a back testing strategy is more profitable when combined with a basic strategy
Why the optimal stock portfolio might be a combination of momentum and value stocks
Why buying Amazon stocks is the same as buying lottery tickets
Ask the Investors: How should I position my portfolio
TIP 062 : Warren Buffett's Favorite Book, Security Analysis (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Security Analysis is one of Warren Buffett’s three favorite books
Real case studies where Warren Buffett has directly applied skills acquired from Security Analysis
The highlights for each of the 7 major parts in Security Analysis
The difference in opinion between Benjamin Graham and Warren Buffett when it comes to dividends
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Cl
TIP 061 : Billionaire Charlie Munger with Tren Griffin (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
The top three things Charlie Munger has contributed to Warren Buffett’s evolution?
Why Charlie Munger doesn’t look at macroeconomics when he invest in stocks, and whether or not it’s a blind spot
Tren Griffin’s most memorable story about Charlie Munger
The secrets behind the moat of Charlie Munger’s recent stock purchases
What “lollapalooza” is, and why Charlie Munger thinks the concept is vital for understanding the stock market…and Tupperware parties!
As
TIP 060 : Pragmatic Capitalism with Cullen Roche (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How innovation can overcome regulations and demographic problems.
Why it’s the banks and not the Federal Reserve that is “printing money”.
Why and how the US financial system is different than in Europe.
Why quantitative easing is nothing more than a simple asset swap.
Why the US shouldn’t peg the dollar to a commodity or a basket of currencies.
Ask the Investors: Do you own oil ETFs?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engag
TIP 059 : The 7 Habits of Highly Effective People (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Why Preston, Stig, and Vanguard Founder Jack Bogle think the expected return in the stock market is 4%
Why the historic stock market rally in October 2015 doesn’t change Preston and Stig’s fundamental opinion about the market.
A brief discussion of each of the 7 habits of highly effective people.
Which of the 7 habits that is the most important.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussi
TIP 058 : Coined - The Essence of Money and How It Works with Kabir Sehgal (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How the Roman empire collapsed because of increased money supply.
How digital currencies might change our lives in the future.
Why we are using paper money today and not currency backed by silver and silk.
Why inviting someone to eat with you in ancient times was like a futures derivatives contract.
Ask the Investors: How do you calculate the intrinsic value of a stock, and which discount to the value should you look for?
BOOKS AND RESOURCES
Join the exclu
TIP 057 : What Works On Wall Street with James O'Shaughnessy (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Which type of American companies James O’Shaughnessy’s right now deem to yield the highest returns.
How to be humble about stock investing, and how you are likely to beat the stock market by taken yourself out of the equation.
Why James O’Shaughnessy doesn’t include the interest rate and other macroeconomic factors in his investment models.
How to profit from momentum stocks and if that corresponds to the current market conditions.
The two biggest mistakes
TIP 056 : Oil, Commodities, & Japan (Business Podcast)
In this episode, The Investors discuss the ever changing commodities market and potential impact that China might have on Japan's economy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
TIP 055 : Creating Assets and a Following (Marketing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How Dorie Clark has come up with breakthrough ideas to build her own assets.
Ask The Investors: How should you invest $1,000,000 to increase your monthly income?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Dorie Clark’s book, Stand Out – Read reviews of this book.
Dorie Clark’s book, Reinventing You – Read reviews of this book.
Guy Spie
TIP 054 : Mastermind Discussion 3Q 2015 (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What Hari learned at Mohnish Pabrai’s annual meeting.
How Tobias’ research shows that the stock market is overvalued.
Why Calin is struggling with currency exposure and how to fix it.
Why Preston thinks that the Japanese stock market is getting scary.
Why Stig think that Warren Buffett’s largest acquisition is too expensive.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay,
TIP 053 : Thinking, Fast and Slow | Quantitative Easing (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Will ECB expand quantitative easing?
What can the stock investor learn from “Thinking, Fast and Slow?”
Note: Before discussing the book, Thinking Fast and Slow, Preston and Stig started the podcast by talking about some of the current market conditions. The discussion started with Europe and whether the ECB could expand their quantitative easing program further.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock in
TIP 052 : Billionaire Elon Musk - Tesla and SpaceX (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Elon Musk and how will the billionaire change the world?
How does thinking like Elon Musk make you think like a billionaire?
Ask the Investors: Should I pick different stocks for my Roth IRA and 401(k)?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of Ashlee Vance’s Elon Musk.
Ashlee Vance’s book, El
TIP 051 : Billionaire Mark Cuban's Book - How to Win at the Sport of Business (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Mark Cuban and what is his book “How to Win at the Sport of Business” about?
How do you become as successful as Mark Cuban in business?
Ask The Investors: How do I protect myself from Hyperinflation?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our five-page executive summary of the book, How to Win at the Sport of Busin
TIP 050 : Current Market Conditions and Billionaire Chris Sacca's Favorite Book (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is David Schwartz and what is the magic of thinking big?
How can you take action to think big?
Ask the Investors: Will anyone eclipse Warren Buffett as an investor?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of The Magic of Thinking Big.
David J. Schwartz’s book, The Magic of Thinking Big – Read rev
TIP 049 : Quantitative Value Investing (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
How do I estimate the intrinsic value of an ETF?
What is the investment philosophy behind Wesley Gray’s value ETF?
Ask The Investors: Can you apply principles from Growth Investing in Value Investing?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Wesley Gray’s book, Quantitative Value – At his price.
Wesley Gray’s blog post discussion on
TIP 048 : Investing in ETFs with Dr. Wesley Gray (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Wesley Gray and why did he start an ETF?
What is the difference between an ETF and a mutual fund for the investor?
Why is an ETF typically cheaper than a mutual fund?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Wesley Gray’s book, Quantitative Value – At his price.
Wesley Gray’s blog post discussion on the concept of Quantitative
TIP 047 : The Black Swan (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Nassim Taleb and what is a Black Swan?
What are Mediocristan and Extremistan?
Ask The Investors: Is Mark Cuban right when he says that value investing is only for the big guys?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our five-page executive summary of the book, The Black Swan.
Nassim Taleb’s book, The Black Swan – R
TIP 046 : The Innovator's Dilemma (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Clayton Christensen and what is the Innovator’s Dilemma?
Why do great companies fail?
What is the solution?
Ask The Investors: Should I aim for the same return as Warren Buffett when building my own business?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our five-page executive summary of the book, Innovator’s Dilemma.
Cl
TIP 045 : Leadership You Can Invest In (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Mike Figliuolo and what can we learn from his book “Lead Inside the Box”?
How do stock investors assess the performance of leadership?
Ask The Investors: Do the best investors calculate intrinsic value in their head?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Mike’s book, Lead Inside the Box – Read reviews of this book.
Mike’s P
TIP 044 : Oil 101 - w/ Morgan Downey (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Morgan Downey and what can we learn from his book “Oil 101”?
Will oil be replaced in the future?
Will the price of oil increase over the long term?
Ask The Investors: Should I invest in an inverse S&P500 in an overheated market?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Morgan’s book, Oil 101 – Read reviews of this book.
Mi
In-B-Tween : Intrinsic Value and Bond Market Pressures (Investing Podcast)
This In-B-Tween episode covers Warren Buffett's intrinsic value and current conditions in the bond market.
Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
TIP 043 : Mastermind Discussion 2Q 2015 (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is a Mastermind Group?
Why is the stock market moving up when GDP is going down?
Where is the oil price heading?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tobias’ Investing Site: The Acquirer’s Multiple.
Tobias’ book, Deep Value – Read reviews of this book.
Tobias’ book, Quantitative Value – Read reviews of this book.
James O’Sha
In-B-Tween : Brands and Competitive Advantages (Investing Podcast)
This In-B-Tween-isode covers the importance of competitive advantages. The specific competitive advantage we discuss is the power of a brand.
Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
TIP 042 : Warren Buffett's Berkshire Hathaway Shareholder Letters (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is Berkshire Hathaway’s business model?
What is the secret to Berkshire Hathaway’s success?
Ask the Investors: How would Benjamin Graham invest in an index fund?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Benjamin Graham’s book, The Intelligent Investor – Read reviews of this book.
Max Olson’s book, Berkshire Hathaway Letters to S
In-B-Tween : Warren Buffett and Bill Gates on Heroes (Investing Podcast)
In this episode, we research Warren Buffett and Bill Gates' opinions about heroes.
Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
TIP 041 : The 7 Biggest Mistakes Investors Make (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Brian Rutherford?
What are the 7 biggest mistakes investors make?
Ask the Investors: How can a company like Tesla continue to operate with negative earnings?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Benjamin Graham’s book, Security Analysis – Read reviews of this book.
Benjamin Graham’s book, The Intelligent Investor – Read re
TIP 040 : Richard Branson - Screw it, Let's Do It (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Richard Brandon and what is his book, “Screw It, Let’s Do It” about?
What are Richard Branson’s billionaire pieces of advice?
Ask The Investors: How should I invest when I’m a high school senior?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of the book, Screw It, Let’s Do It.
Related episode: Lesso
In-B-Tween : The 3 C's of Leadership (Investing Podcast)
In this 5 minute episode, Preston lay's out the 3 C's of leadership that he learned at the 101st Airborne Division.
Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
TIP 039 : The Great Minds of Investing Part II (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is William Green?
Who is the greatest mind of investing?
William Green’s personal experience with value investing.
William Green’s impression on Mohnish Pabrai and Joel Greenblatt.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
William Green’s book, The Great Minds of Investing.
Related episode: Richer, Wiser, Happier w/ William Green
TIP 038 : The Great Minds of Investing - Part I (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is William Green and what is his book, “The Great Minds of Investing” about?
What can all value investors learn from reading William Green’s book?
Ask The Investors: Can you be successful by investing according to a formula?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
William Green’s book, The Great Minds of Investing.
Related episo
TIP 037 : Billionaire Ray Dalio and other Market Wizards (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Jack Schwager and what is the best investing strategy?
How does Billionaire Ray Dalio invest?
What can you learn from the best hedge fund managers?
Ask The Investors: How do you stay grounded in value investing when the macro environment constantly changes?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summa
TIP 036 : Starting His Own Stock Exchange - with Jos Schmitt (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Jos Schmitt and what makes Aequitas NEO Exchange special?
Is High Frequency Trading good or bad?
Ask The Investors: How do you measure the performance of your portfolio?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check out our We Study Billionaires Starter Packs.
Our tool for picking stock winners and managing o
TIP 035 : How Currencies Work (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is James Rickards and what is his book “Currency Wars” about?
Which currency war is the world currently facing?
Ask The Investors: Why are so few successful in stock investing with all the info out there?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of the book, Currency Wars: The Making of the Next Gl
TIP 034 : Real Estate Investing with BiggerPockets' Joshua Dorkin (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Josh Dorkin?
Josh’s biggest learnings as a real estate investor.
Josh’s biggest concerns for the real estate market in 2015.
Diversifying one’s portfolio.
How to identify which real estate investing strategy works for you.
Ask the investor: Which free stock screener and investment research site can you recommend?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and t
TIP 033 : Shorting the Japanese Debt and Currency (Investing Podcast)
We talk to professional trader and hedge fund manager, Tres Knippa. Tres talks about his unique positions in shorting the Japanese debt and currency markets. Tres believes the Japanese currency is destined for failure based on the government's inability to sell newly issued bonds to anyone other than themselves. The interview is very interesting and it's sure to give you some interesting ideas for the next stock market crash.See Privacy Policy at https://art19.com/privacy and California Privacy
TIP 032 : The Balance Sheet Recession and Quantitative Easing Trap (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Richard Koo and what is his book “Escape from Balance Sheet Recession and the QE Trap” about?
How are the US and other big economics in the world positioning to escape the current balance sheet recession?
Ask The Investors: Do you recommend any specific resources for acquiring the necessary foundation in accounting and business to invest in stocks?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investin
TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Gillian Zoe Seagal and what is her book Getting There about?
How was Gillian’s interview with Warren Buffett?
What did Warren Buffett Recommend?
What do highly successful people all have in common?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Gillian’s book, Getting There – Read reviews of this book.
Jeannette Walls’ book, The Gla
TIP 030 : What in the World is Bitcoin? (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is Cryptocurrency and bitcoin?
Why is trust the key for cryptocurrency?
Should you invest in bitcoin?
Ask The Investors: Can the average investor compete with investors with insider knowledge?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of the book, The Age of Cryptocurrency by Paul Vigna and Michael
TIP 029 : What is the Federal Reserve doing? (Investing Podcast)
IN THIS EPISODE, YOU'LL LEARN:
What is the purpose of the FED?
What is the money multiplier?
How has the money multiplier changed throughout history and where are we today?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
G. Edward Griffin’s book, The Creature from Jekyll Island – Read reviews of this book.
Richard Koo’s book, The Escape from Balance Sheet Recession and t
TIP 028 : Think and Grow Rich - Napoleon Hill (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Napoleon Hill? What is his book “Think and Grow Rich” about?
How do you make a plan to become financially independent?
Why have Preston and Stig formed a mastermind group – and why you should do the same?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of the book, Think and Grow Rich.
Napoleon Hill’s
TIP 027 : Value Investing Traps (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who Andrew Sather is and what is value investing traps.
How do you identify value traps?
How can you be profitable in stock investing without being an expert?
Ask The Investors: What do I do with my cash until I wait for the right opportunity?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Andrew Sather’s Investing Site: eInvestingForBegi
TIP 026 : Billionaire Mark Cuban's Book Recommendation - Rework (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who are David Hansson and Jason Fried, and what is the book “Rework” about.
Why you should let your customers outgrow you.
Why you should not work long hours.
Why you should not have a master plan.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our five-page executive summary of the book, Rework.
Hari’s Blog: BitsBusiness.com.
Ja
TIP 025 : Deep Value Investing - w/ Tobias Carlisle (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is Tobias’ book, “Deep Value” all about?
Can we outperform the market with just a formula or a model?
What is Tobias’ contrarian point of view about?
How to determine when to sell stocks as derived from a model.
Ask the Investors: Is there ever a time where a high P/E is justifiable for a value investor?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other co
TIP 024 : How to Be an Outlier - Malcolm Gladwell's book (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Malcolm Gladwell and what is the book Outliers about?
Is Bill Gates just lucky?
Can your birthday predict your success?
Ask the Investors: Investing recommendations for a college student
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of the book Outliers.
Malcolm Gladwell’s book, Outliers – Read revie
TIP 023 : Stock Market Bubbles and Asset Allocation (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Paul Arnold, and what is asset allocation?
How can I make the optimal asset allocation?
Can stock picking be profitable when the stock market is overvalued?
Ask the Investors: Do Preston and Stig use P/E and P/B to pick stocks?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Ray Dalio’s notes on deleverage, Click to Download.
Stig’s
TIP 022 : Influence - The Psychology of Persuasion - Robert Cialdini's Book (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Robert Cialdini and what is his book “Influence” all about?
How can you become influential in business?
How do you avoid being negatively influenced by others?
Ask the Investors: Should I sell my winner stock and rebalance the number of bonds according to my age?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive
TIP 021 : How to Invest in Real Estate (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What real estate investing is.
Why you should invest in real estate.
When you should invest in stocks or real estate.
Ask the Investors: How do companies buy back shares when there is no reduction in the number of shares outstanding?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Calin’s Search Engine Optimization (SEO) Company: Inbound In
TIP 020 : How to Create Passive Income - with Pat Flynn (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Pat Flynn?
Where should people start in creating their own asset?
What is the difference between blogging to generate passive income and blogging to build a brand?
How did Pat create a couple different assets with little to no start-up capital.
Where does Pat get the inspiration for his assets.
Ask the Investors: How do I factor in exchange rates when buying stocks?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaning
TIP 019 : How High Frequency Trading Works - Michael Lewis Book (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
What is High Frequency Trading?
How does High Frequency Trading work?
How will High Frequency Trading affect me as an investor?
Ask the Investors: Should I use technical analysis along with value investing principles?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our executive summary of the book, Flash Boys.
Michael Lewis’ book
TIP 018 : Tony Robbins' Book - Money, Master the Game (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Tony Robbins and what is his book “MONEY – Master the Game” all about?
What do billionaires all have in common?
What’s the best advice from a list of billionaires?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our five-page executive summary of the book, Money: Master the Game.
Tony Robbins’ book, Money: Master the Game –
TIP 017 : My Business Deal with Billionaire Mark Cuban (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Stephan Aarstol and what does his company Tower Paddle Boards do?
How Stephan Aarstol landed a business deal with Mark Cuban.
How to run a business with Mark Cuban.
Ask the Investors: Should I put the majority of my portfolio in an industry that is currently undervalued?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Stephan Aarstol
TIP 016 : ETFs or Mutual Funds? We ask MorningStar Expert (Investing Podcast)
IN THIS EPISODE, YOU’LL LEARN:
Who is Alex Bryan?
What is an ETF?
Why you should own an ETF instead of a mutual fund?
Ask The Investors: How much accounting should I know before picking individual stocks?
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tony Robbins’ book, Money: 7 Steps to Financial Freedom – Read reviews of this book.
John Bogle’s book, The Little Book
TIP 015 : Guy Spier (Part II) - The Education of a Value Investor (Investing Podcast)
In this second part interview with Guy Spier, The Investor's continue their discussion with the author of, The Education of a Value Investor. This episode discusses the intrinsic value, Guy's checklist, and how to protect your capital during adverse conditions. BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check out our We Study Billionaires Starter Pa
TIP 014 : Guy Spier - The Education of a Value Investor (Investing Podcast)
In this episode of The Investor's Podcast, we have the renowned Guy Spier on the show to talk about his new book, The Education of a Value Investor. in 2008, Guy and Mohnish Pabrai bid $650,000 to have lunch with Warren Buffett. In our interview, you'll quickly learn there's a lot more to guy than investing and expensive lunches. BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community me
TIP 013 : How Billionaire's Larry Page and Sergey Brin Built Google (Investing Podcast)
In this episode of The Investor's Podcast, we have a discussion about Google and the book, In The Plex. If you ever wanted to know more about the Google founders, Larry Page and Serga Brin, or how Google makes money, you'll definitely enjoy this episode. BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check out our We Study Billionaires Starter Packs.
Ou
TIP 012 : Psychology and Stock Investing (Investing Podcast)
In this episode of The Investor's Podcast, we have a discussion with the author of, The Emotionally Intelligent Investor, about psychology and Stock Investing. If you're interested in learning about your conscious and unconscious decisions, this episode will definitely peak your interest.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check out our We St
TIP 011 : Billionaire Jeff Bezos - The Secrets to his Success (Investing Podcast)
In this episode of The Investor's Podcast, Stig, Preston, and Hari, discuss Jeff Bezos's success with Amazon. The catalyst for the discussion is Brad Stone's Book, The Everything Store. Click here to download our executive summary of this book. Members who sign-up on our mailing list will receive these free book outlines/summaries in the future.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the oth
TIP 010 : Venture Capital Q&A (Investing Podcast)
In this episode of The Investor's Podcast, Stig and Preston have a question and answer period with Peter Gaudet - an owner of his own Investment Bank. The panel discusses venture capital and how to be successful as the founder of a company.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check out our We Study Billionaires Starter Packs.
Our tool for pick
TIP 009 : How Charles Koch amassed $43 Billion Dollars (Investing Podcast)
In this episode of The Investor's Podcast, Stig and Preston discover Charles Koch's secrets to financial success. They base their opinions on Charles' book, The Science of Success. This episode is packed with valuable information, so you'll definitely want to check-out their show notes.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check out our We Stud
TIP 008 : Value Investing - Questions from a Newbie (Investing Podcast)
In this episode of The Investor's Podcast, the panel is asked important questions from a new value investor that's interested in putting money into the stock market. If you're looking to do the same, or you're interested in hearing some fantastic questions, you won't want to miss this week's episode.BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
New to the show? Check o
TIP 007 : Peter Thiel's book - Zero to One (Investing Podcast)
In this episode of The Investor's Podcast, the panel discusses the ideas of Peter Thiel. Peter is a famous Silicon Valley Billionaire who founded PayPal and Palantir. He also owned a 10% stake in Facebook. The Investors, along with Hari Ramachandra, discuss Peter's new book - Zero to One. BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
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TIP 006 : The Next Stock Market Crash & Interest Rates (Investing Podcast)
In this episode of The Investor's Podcast, the panel discusses the impact of interest rates on Stock Market Crashes. The Investors are joined by Rob Mercuri, who's a Vice President of Risk management from a top-ten consumer bank in America. You won't want to miss this episode if you want to know how top executives view the market as a whole and how to take advantage of potential opportunities.BOOKS AND RESOURCES
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TIP 005 : Working on the Floor of the NY Stock Exchange (Investing Podcast)
In this episode of The Investor's Podcast, we have a fun and casual conversation with Gregg Pisani - a former trader on the floor of the NY Stock Exchange. Gregg discusses the typical work day and what it's like processing millions of trades each day. If you've ever wondered what all those people are doing on the floor of the NY Stock Exchange, you'll probably enjoy listening to some of Gregg's funny experiences. BOOKS AND RESOURCES
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TIP 004 : Mohnish Pabrai and Dhandho Holdings (Investing Podcast)
In this episode of The Investor's Podcast, Hari Ramachandra discusses his investment in the Pabrai Funds, managed by the emerging, and newly famous, Mohnish Pabrai. Pabrai has adopted the same principals as Warren Buffett, and Hari discusses the similarities and differences during the episode. Hari also discusses his experience of attending Pabrai's shareholders meeting.BOOKS AND RESOURCES
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TIP 003 : Warren Buffett's 4 Rules to Stock Investing (Investing Podcast)
Have you ever wondered what rules Warren Buffett might use to analyze potential stock picks. In episode three, the Investors discuss Buffett's 4 rules to selecting a successful stock pick. You won't want to miss this important discussion!BOOKS AND RESOURCES
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TIP 002 : Warren Buffett Investing Basics part 2 (Investing Podcast)
In this session of The Investor's Podcast, we discuss the two methods of receiving earnings and Benjamin Graham's Mr. Market example.BOOKS AND RESOURCES
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TIP 001 : Warren Buffett Investing Basics (Investing Podcast)
Stig has studied stock valuation at Harvard University, worked as a power trader (it was as stressful as it sounds!), and now works as a college professor in finance (more fun than it sounds!). Preston graduated from West Point with a degree in aerospace engineering. Together they have studied and written books about Warren Buffett and how he invests in stocks.Preston and Stig decided to share their passion with the world and stood up the site BuffettsBooks.com a few years ago. The next