We Study Billionaires - The Investor’s Podcast Network

Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read.Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s most admired Fortune 500 CEOs and a variety of public figures and celebrities, including Bill Gates, Tom Brady, Richard Branson, Stan Lee, Oprah Winfrey, Sergey Brin, Larry Page, and Elon Musk’s SpaceX Team. Jim puts high-level people in the position to use their brain power at optimum levels.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:32 - Why we should reconsider the practices we use to learn.09:45 - Why all behavior is belief-driven.12:56 - The number one asset we have to achieve anything we desire.16:15 - The framework Jim uses to stay motivated.20:57 - Arnold Schwarzenegger’s advice to Jim on what it takes to be the best in your field.29:53 - How a strong sense of purpose can help anchor us in thinking long-term.32:48 - How we can reach the flow state.37:13 - Ways in which we can improve our focus and concentration.43:03 - Why great questions will lead us to the answers we need.50:58 - The mental benefits of a reading habit.55:32 - Why it’s oftentimes better to read a book rather than listen to an audiobook.59:09 - How you can increase reading retention.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Jim’s Book: Limitless.Jim’s Podcast: Kwik Brain.Find out your brain type here.Jay Papasan’s book: The One Thing.Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.Related Episode:TIP464: The Billionaire Coach’s Playbook w/ Matt Spielman or watch the video.Related Episode: TIP494: The Worldly Wisdom of Charlie Munger or watch the video.Related Episode: TIP571: Charlie Munger and the Psychology of Human Misjudgment or watch the video.Check out all the books mentioned and discussed in our podcast episodes here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSSupport our free podcast by supporting our sponsors:RiverAlphaSenseNoble Gold InvestmentsWiseAmerican Express Business Gold CardShopifyKa’ChavaBabbelAltoVantaSalesforcePercentNetSuiteToyotaGlengoyne WhiskyMonetary MetalsHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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?29:52 - What is fundamentally causing a poor auction like that to happen?01:01:41 - What is something James is excited about in 2024?01:03:55 - How does James see Bitcoin's performance in 2024 with such a macro situation playing out?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJames on Twitter.James' Newsletter.James' VC Firm.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Check out all the books mentioned and discussed in our podcasts here. SPONSORSSupport our free podcast by supporting our sponsors:RiverAlphaSenseNoble Gold InvestmentsWiseAmerican Express Business Gold CardShopifyKa'ChavaBabbelAltoVantaSalesforcePercentNetSuiteToyotaGlengoyne WhiskyMonetary MetalsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more.Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and primarily caters to high-net-worth individuals. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:12 - What a market crisis is.05:42 - Why it’s important to study history as investors.09:11 - What led to hyperinflation in Zimbabwe.15:14 - The market crisis in Iceland that led to their stock market falling by 95%.28:09 - The lost decade of Japan.32:11 - Potential parallels between the bubble in Japan and markets in the US today.47:53 - Brendan’s biggest takeaways from studying market crises.53:44 - The US energy crisis in the 1970s.58:06 - Companies that perform best during inflationary periods.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Brendan’s book: Markets in Chaos.Brendan’s firm: Lafayette Investments.Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.Related Episode: TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham or watch the video.Connect with Brendan on LinkedIn.Follow Clay on Twitter.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSSupport our free podcast by supporting our sponsors:RiverEfaniBabbelAlphaSenseVantaAmerican Express Business Gold CardAltoSalesforceNetSuiteKa’ChavaWiseToyotaShopifyHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh and Jeff Booth have an in-depth discussion about AI, where it’s all going and how Bitcoin is going to play a major role with enough time. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:34 - Why is Jeff training an AI agent to personify himself?03:59 - How could such an agent potentially be used in the future?03:59 - What does this mean for overall productivity for people that have the means to train such an agent?06:57 - Is there concern people should have with providing the data for these agents?15:17 - What is the difference between the way Jeff is training his AI versus the way Preston is training his?18:37 - What other things might happen as a result of this AI growth?18:37 - What method will win in the long-haul for training AI agents?27:44 - How does Bitcoin enter into this equation?01:05:23 - Why are Jeff and Preston so interesting in the FinCEN proposal that was recently released for comment?Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJeff's VC Firm Ego Death Capital.Jeff Booth's Twitter.Jeff's book, The Price of Tomorrow.Related episode: Listen to BTC100: Jeff Booth On Finding Bitcoin’s Signal In A Noisy World, or watch the video.Related episode: Listen to BTC052: A Hyper-Bitcoinized World w/ Jeff Booth, or watch the video.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORSRiverEfaniBabbelAlphaSenseVantaAmerican Express Business Gold CardAltoSalesforceNetSuiteKa'ChavaWiseToyotaShopifySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit. Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio.06:56 - The state of credit markets today.12:38 - How private credit fits into the bigger credit market picture.13:16 - What has led to the massive growth of private credit since the great financial crisis.17:22 - How a typical private credit deal is structured.22:50 - Why companies utilize private credit in their capital structure.26:05 - Current interest rates in a private credit deal.26:26 - Default rates in private credit.38:40 - How Percent is helping satisfy high demand in the private credit market.41:23 - How to get diversified in private credit.52:02 - The most important things to understand prior to investing in private credit.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Learn more about Percent.Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.Related Episode: TIP559 Mastering the Market Cycle by Howard Marks or watch the video.Follow Clay on Twitter.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSGet $5 in Bitcoin when you invest $100 with River.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Earn more where your business spends the most with American Express Business Gold Card!Experience real language learning for real conversations with Babbel and get 55% off.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Feed your body the nutrients it craves with Ka’Chava. Get 10% off on your first order today!Get a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying Noble Gold Investments precious metals IRA .Be in control of every sales channel with Shopify. Sign up for a $1/mo, trial period today.Get a customized solution for all of your KPIs. Download NetSuite‘s FREE popular KPI Checklist.Make it easier to do your most meaningful work with Notion AI.Earn a yield on gold, paid in gold with Monetary Metals.Optimize your retirement strategy. Start investing in alts with Alto today.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation?12:10 - How are you helping people visualize that Bitcoin is a store of value?29:01 - What Bitcoin is actually backed by.39:35 - What Bitcoin's next bull market might look like.45:19 - Why match conviction with knowledge.01:05:02 - Parker's new book.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESParker Lewis' Twitter.All articles that Parker has written.Parker's New Book, Gradually Then Suddenly.Parker's new Company Zaprite.Parker's company Unchained Capital.Parker's presentation on Bitcoin is Not a Hedge.Related episode: Listen to BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole, or watch the video.Related episode: Listen to BTC069: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew, or watch the video.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORSGet $5 in Bitcoin when you invest $100 with River.Beat FOMO and move faster than the market with AlphaSense.Send, spend, and receive money around the world easily with Wise.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Earn more where your business spends the most with American Express Business Gold Card!Experience real language learning for real conversations with Babbel and get 55% off.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Get a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying Noble Gold Investments precious metals IRA .Be in control of every sales channel with Shopify. Sign up for a $1/mo, trial period today.Get a customized solution for all of your KPIs. Download NetSuite's FREE popular KPI Checklist.Make it easier to do your most meaningful work with Notion AI.Earn a yield on gold, paid in gold with Monetary Metals.Optimize your retirement strategy. Start investing in alts with Alto today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:09 - What Anthony Kingsley learned from his great mentor, James Findlay.07:22 - Why their firm, Findlay Park, lives by the mantra “Keep it simple.” 10:38 - How the firm structures its fees to be simple & fair. 19:02 - Why the key to long-term success is avoiding disaster.18:06 - How Anthony harnesses diversification to reduce stress.24:19 - How to incentivize a team of equity analysts.27:40 - How he avoids repeating common investment mistakes.39:53 - How he developed his 28-point investing checklist.41:07 - Why he focuses intensely on analyzing corporate culture.45:46 - Why it’s perilous to dismiss or ignore ESG.53:54 - Why he never invests in biotech or pharma.54:53 - Why he’s more excited about mid-caps than mega-caps.1:01:10 - What makes the US a wonderful market for investors.1:10:08 - Why he’s optimistic about the UK’s economic future. 1:14:51 - How he balances work, family, & play.1:42:08 - What role luck has played in his success.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAnthony Kingsley’s investment firm, Findlay Park.Atul Gawande’s book The Checklist Manifesto.Matthew Walker’s book Why We Sleep.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.Follow William Green on X (AKA Twitter).Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORSGet $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel and get 55% off your subscription.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Find the right benefits and retirement plan for your team today with Principal Financial.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Beat FOMO and move faster than the market with AlphaSense.Enjoy a $100 credit on your next B2B ad campaign with Linkedin!Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Earn more where your business spends the most with American Express Business Gold Card!Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Get a customized solution for all of your KPIs. Download NetSuite's popular KPI Checklist for free.Diversify your portfolio and optimize your retirement strategy. Start investing in alts with Alto today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today’s episode, Clay is joined by Kyle Grieve to share a stock deep dive on Dino Polska. Dino Polska is an incredible business that has increased its store base by over 5x since 2015 and increased its earnings per share by over 10x since that time.Kyle Grieve is the host of The Millennial Investing Podcast and also helps Clay run the TIP Mastermind Community – a community built by investors, for investors.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:44 - The primary characteristics Kyle looks for in his stock investments.06:00 - What Dino Polska’s business model is and how they’ve perfected their growth formula.10:45 - What sticks out about Dino’s management team.14:33 - Dino Polska’s competitive advantages.22:31 - What enables Dino Polska to continue to grow its store counts at above-average rates.27:36 - Why it’s important to understand both the qualitative and quantitative aspects of a moat and durable competitive advantage.31:28 - The key things to know about Dino operating in Poland.38:36 - How Kyle views the valuation of Dino Polska.41:27 - Potential new verticals that Dino Polska may expand into.49:37 - Potential risks investing in Dino Polska.54:23 - What live events TIP recently hosted in NYC.1:01:24 - How you can join Clay and Kyle in Omaha for our upcoming events during the Berkshire weekend.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.Sohra Peak Capital Partner’s Research on Dino Polska.Related Episode: Listen to TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video.Invest in International Stocks with Interactive Brokers.Follow Kyle on Twitter.Follow Clay on Twitter.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSGet $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel and get 55% off your subscription.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Find the right benefits and retirement plan for your team today with Principal Financial.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Beat FOMO and move faster than the market with AlphaSense.Enjoy a $100 credit on your next B2B ad campaign with Linkedin!Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Earn more where your business spends the most with American Express Business Gold Card!Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Get a customized solution for all of your KPIs. Download NetSuite's popular KPI Checklist for free.Diversify your portfolio and optimize your retirement strategy. Start investing in alts with Alto today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh chats with Bitcoin Magazine’s, Dylan LeClair all about the important Bitcoin news stories happening in the 4th Quarter of 2023.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:52 - How Dylan's AI adventure has progressed in 2023.06:19 - What is causing the big moves in Bitcoin right now?15:37 - What happens with the fixed income market from here?41:23 - His thoughts on the Bitcoin ETF.41:23 - What advice should Boomers take to understand Bitcoin?43:51 - Does Dylan think cash settled derivatives can influence the underlying price of Bitcoin?53:18 - Is there anything coming out of the SBF trial that is noteworthy or important?56:43 - Dylan's thoughts on BitVM.01:12:31 - What is something that is under-reported in the Bitcoin space?BOOKS AND RESOURCESDylan's Twitter.Bitcoin Magazine Pro that Dylan writes for.Related episode: Listen to BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair, or watch the video.Related episode: Listen to BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair, or watch the video.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSGet $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel and get 55% off your subscription.Give customers experiences they’ve only dreamed of with Salesforce’s Einstein AI.Find the right benefits and retirement plan for your team today with Principal Financial.Choose Toyota for your next vehicle – SUVs that now have more advanced technology than ever before.Beat FOMO and move faster than the market with AlphaSense.Enjoy a $100 credit on your next B2B ad campaign with Linkedin!Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Earn more where your business spends the most with American Express Business Gold Card!Feed your body the nutrients it craves with Ka'Chava. Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Get a customized solution for all of your KPIs. Download NetSuite's popular KPI Checklist for free.Diversify your portfolio and optimize your retirement strategy. Start investing in alts with Alto today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put LVMH on his watchlist and is waiting to buy the dip. Hari’s pick, Dollar General, is down 50%, and super investors like Chris Bloonstran, Seth Klarman, and Tom Gayner have invested, and insiders have been buying too. Tobias pitches Inmode, a stock facing a lot of bad news as a result, could be trading at a very attractive price. Ensure you stay around for the end of the episode, where we share information about how you can meet up with our hosts William Green, Clay Finck, and Kyle Grieve in Omaha for the Berkshire shareholder's meeting.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro11:33 - Why Tobias is bullish on InMode38:35 - Why Hari is bullish on Dollar General 1:06:46 - Why Stig is bullish on LVMH  1:43:54 - How can you pitch your stock to the TIP Mastermind Community 1:59:43 - How to meet up with the TIP team and listeners in Omaha in MayDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Contact Clay for more information about our exclusive weekend in Omaha at clay@theinvestorspodcast.com.Get help planning your trip to Omaha by listening to this episode or watch the video.Tune in to the Mastermind Discussion Q3 2023 - TIP576 or watch the video.Listen to Mastermind Discussion Q2 2023 - TIP557 or watch the video.Tune in to Mastermind Discussion Q1 2023 - TIP528 or watch the video.Listen to Mastermind Discussion Q1 2022 - TIP418 or watch the video.Tune in to Mastermind Discussion Q2 2022 - TIP450 or watch the video.  Listen to Mastermind Discussion Q3 2022 - TIP475 or watch the video.Tune in to Mastermind Discussion Q4 2022 - TIP496 or watch the video.Dollar Generals’s debt situation on page 35.  Listen to Chris Bloomstran’s interview with William Green about Dollar General or watch the video.Erwan Rambourg’s book, Future Luxe – read reviews of this book.Our FREE stock analysis resource, Intrinsic Value Index.Subscribe to our FREE Intrinsic Value Assessments.Tobias Carlisle's podcast, The Acquirer’s Podcast.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep.Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book.Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.Tweet directly to Tobias Carlisle.Hari's Blog: BitsBusiness.com.Tweet directly to Hari.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Clay Finck is joined by Shree Viswanathan to discuss his concentrated, patient, and global approach to investing. They touch on many of the key aspects to successful long-term investing as well as one of Shree’s portfolio holdings, Dino Polska, which reminds him of Walmart in their early days.Shree Viswanathan is the founder and portfolio manager of SVN Capital.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:17 - The story of his father earning 40x on an investment despite never garnering an interest in the subject. 08:54 - Spiritual and life lessons that Shree has learned over the years.14:52 - The most important aspects to understand investing internationally.20:52 - What makes India an attractive hunting ground for long-term investors.33:10 - Why we should remain fully invested in uncertain times.38:57- How investors can minimize the impact of ego hurting their performance.41:30 - The benefits Shree has seen from a daily meditation practice.46:31 - What led him to run a concentrated portfolio of only 9 holdings.53:16 - Why Dino Polska out of Poland reminds Shree of Walmart in their early days.56:43 - How Shree thinks about inflation and currency risk investing internationally.01:11:10 - How Shree thinks about the valuation of Dino Polska.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Shree’s fund: SVN Capital.Compensation by Ralph Waldo Emerson.Wealth by Ralph Waldo Emerson.The Money Game by Adam Smith.A Search in Secret India by Andrew Brunton.The Sketchbook of Wisdom by Vishal Khandelwal.Related episode: Listen to WSB569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video.Related episode: Listen to WSB543: 100 Baggers: Stocks That Return 100-1 w/ Chris Mayer or watch the video.Follow Shree on Twitter.Follow Clay on Twitter.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 the treasury market moves?01:04:15 - Oil.01:04:15 - PBOC liquidity injections and overall outside influences to liquidity.BOOKS AND RESOURCESJoe’s Legal Practice.Steven’s company Valkyrie.Jeff’s Investment Firm.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Beat FOMO and move faster than the market with AlphaSense.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro10:09 - What Chris Davis has learned from Buffett & Munger about aging well.18:27 - Why trust is a superpower in business & life.30:04 - Why many successful investors fail to build good relationships.38:31 - How Buffett & Munger consciously avoid their weaknesses.40:38 - What Buffett learned from Dale Carnegie.1:00:26 - Why Chris views Jeff Bezos as “the LeBron James of capitalism.”1:18:24 - What it’s like to hear Buffett talk at Berkshire’s board meetings.1:21:37 - How Buffett thinks about risk & resilience.1:26:44 - How Munger inspired Chris to be radically open about his mistakes.1:38:59 - How to run an organization that breeds excellence. 1:52:10 - What Chris learned from Cardinal John Newman.2:00:25 - What Buffett teaches about friendship, generosity, & kindness.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Davis’s investment firm, Davis Advisors.Dale Carnegie’s book, How to Win Friends & Influence People.Dale Carnegie’s book, How to Stop Worrying & Start Living.Titan, Ron Chernow’s biography of John D. Rockefeller.Autobiography of Benjamin Franklin.Listen to William Green’s podcast interview with Ray Dalio or watch the video.William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.Follow William Green on X (AKA Twitter).NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Clay Finck is joined by Sahil Bloom. Sahil is the writer behind the spectacular newsletter, The Curiosity Chronicle, which has garnered 500,000 subscribers in just a few years. During this discussion, Sahil and Clay explore the philosophies and frameworks that Sahil has used to build a meaningful life that has impacted hundreds of thousands of people while also staying true to what is truly most important to him.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:57 - Sahil’s framework around finding the right work for you.08:31 - How we can utilize career leverage.10:10 - What it means to “swallow the frog” for your boss.12:20 - How authenticity plays into success.23:14 - Why Sahil keeps his focus on playing long-term games through his work, relationships, and health.25:30 - Whether he finds it difficult to remain consistent.26:57 - How big goals can destroy your happiness.32:13 - The mental framework Sahil uses to determine what projects to focus on.35:51 - How Sahil thinks about asset allocation as a business owner.42:14 - Jeff Bezos’s business approach of turning cost centers into profit centers and how Sahil applied this in practice.53:03 - How Sahil finds the right balance to prioritize the things that are most important in his life.59:41 - How Sahil ensures that he is continually consuming high-quality content.64:01 - What is to come in Sahil’s new book.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Sahil’s newsletter: The Curiosity Chronicle.Anne-Laure Le Cunff’s writings at Ness Labs.Related episode: Listen to TIP336: Mental Models used by Billionaires w/ Sahil Bloom or watch the video.Related episode: Listen to BTC055: The Cantillon Effect w/ Sahil Bloom or watch the video.Follow Sahil on Twitter and Instagram.Follow Clay on Twitter.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh is joined by Lightning Lab’s very own Ryan Gentry to talk about some of the new and exciting software technology that’s going to change the way people interact with the Bitcoin Lightning Network.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro05:54 - What is the Taproot Asset Protocol (TAP)?12:05 - How can the TAP be used with Bitcoin?15:41 - What impact will sending Dollars over the Bitcoin Network have for people needing fiat stable coins?15:41 - What does the competition look like for fees and settlement speeds on this network relative to other protocols?25:06 - What does it take to run this software on a Bitcoin full node?30:20 - What are Ryan's thoughts about altcoins potentially being used on Bitcoin?35:42 - What are Ryan's thoughts on securities being tokenized on the TAP?52:56 - How could stock certificates be managed on TAP?52:56 - What are some of his concerns and highlights with the TAP use?BOOKS AND RESOURCESThe Coinshares Article explain the Taproot Asset Protocol.The Congo Mining Article.The River Lighting Report.The River review of the Taproot Asset Protocol.Ryan Gentry's Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get the benefits of portfolio diversification AND optimize your retirement strategy by minimizing your tax burden with funds from tax-advantaged retirement accounts. Start investing in alts with Alto today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor. Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.Gautam is author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:40 - The impetus for Gautam writing a second book.04:24 -Why journaling is an important practice for value investors.06:27 - Why judging market sentiment is important and how investors can go about doing so.13:21 - How Gautam came to the realization that quality of the business should be emphasized.16:19 - Why a behavioral edge is the most accessible edge to individual investors today.19:57 - Gautam’s biggest eureka moment in his journaling process.27:25 -Why we should let our portfolio winners run.29:31 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.33:43 - The telltale signs that a bear market is complete.39:50 - What companies you shouldn’t average down on in a bear market.47:00 - How quality businesses thrive during a bear market.48:19 -Why different stocks require differing levels of patience.50:23 - How we can use the wisdom of markets to our advantage.54:05 - How Gautam thinks about the Fed’s policies.59:21 - How investors can best prepare themselves for the next bear market.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Learn more about Gautam’s Fund – Stellar Wealth Partners.Gautam’s book: The Making of a Value Investor.Check out the related episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid, or watch the video here.Follow Clay on Twitter.Follow Gautam on Twitter.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh talks with Jesse Myers about the FTX court findings, a few of Jesse’s recent articles on the debt spiral, the ability for institutions to perform multi-institutional Bitcoin custody, and much more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:11 - Jesse's thoughts on the FTX trial.03:50 - The impact of FTX selling Bitcoin into the last bull market.03:50 - Does the halving event matter?15:54 - Have we passed the event horizon for US debt?15:54 - What outsiders are missing about Bitcoin and the debt burdens.30:09 - How is Janet Yellen suggesting the US' interest expense could only be 1% of GDP?33:33 - Jesse's thoughts on AI and Bitcoin.50:20 - How and why multi-sig institutional custody is evolving right now.BOOKS AND RESOURCESJesse Myers' Twitter.Jesse's Newsletter.Jesse's Company: Onramp.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, William Green chats with Peter Keefe, an outstanding investor who’s trounced the market over three decades. Here, Peter discusses his timeless investing principles, what he looks for in a great business, how he evaluates the quality of management, why he loves Microsoft & Markel, why managing money is a high calling, & what investors can learn from apex predators.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:55 - How Peter Keefe taught himself to invest intelligently. 07:59 - Why he loathed selling stocks as a broker on commission.28:12 - How Peter built a dazzling record based on timeless principles.31:49 - Why he views selling great businesses too early as his costliest mistake.38:46 - Why he ignores economic predictions.42:50 - Why he owns a concentrated portfolio of 10-12 stocks.47:39 - How Microsoft & Markel embody what he looks for in a business52:28 - How he made hundreds of times his money on American Tower.1:14:33 - How he evaluates the quality of management.1:25:52 - What investors should learn from apex predators.1:43:29 - Why humility is an indispensable virtue for investors.1:44:22 - Why a money manager’s principal motivation should be to serve others.1:46:30 - How Peter measures a successful life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESPeter Keefe’s investment firm, Avenir CorporationPeter Keefe’s letters to shareholdersHendrik Bessembinder’s study, Do Stocks Outperform Treasury Bills?Clayton Christensen’s book, How Will You Measure Your Life?William Green’s book, “Richer, Wiser, Happier” – read the reviews of this bookFollow William Green on X (AKA Twitter)NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Clay Finck is joined by Christian Billinger to discuss his quality investing philosophy.Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:39 - What quality investing is and why it works.04:20 - How Christian assesses the reinvestment rate for a business and a company’s runway.10:27 - Why soul in the game is more important than skin in the game.12:58 - Qualities to look for to find operating managers with soul in the game.19:16 - Why Christian prefers investing in family-owned public equities.21:59 - Why he highly prioritizes removing the risk of losing money.25:48 - What differentiates Christian’s current holdings from companies on his watchlist.31:44 - What Christian learned from working with institutional investors.41:36 - What stands out to Christian about Markel.46:37 - Why Tom Gayner is an investor and business manager worth studying.47:46 - How the investment outlook between Berkshire and Markel differ.49:42 - Why Christian’s fund is heavily invested in the spirits industry, and what has led to the recent underperformance in 2023.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Christian’s investment firm.Related Episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.Check out all the books mentioned and discussed in our podcasts here.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

During Preston Pysh's discussion with Allen Farrington, Allen provides critical thought experiments and challenges to many of the ideas that plague Wall Street and business schools.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro04:56 - What does the UFC have to do with economics and money?08:28 - The Efficient Market Hypothesis.19:18 - Is risk volatility?19:18 - The Capital Asset Pricing Model.31:10 - This is NOT capitalism.34:49 - The flaws in using GDP.44:21 - Thoughts on Bitcoin and derivative markets.44:21 - The societal implications of Bitcoin and beyond it's economic value.BOOKS AND RESOURCESAllen Farrington's Twitter.Allen's Website.Allen's book, Bitcoin is Venice.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Send, spend, and receive money around the world easily with Wise.Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.