We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

Australia

First, we like to have fun. Second, we read and talk about the books that have influenced billionaires the most.

Episodes

TIP151: Billionaire Jesse Itzler - Business, Branding, Everest & More (Investing Podcast)  

One of the most fun and energetic entrepreneurs we interview is Jesse Itzler. Jesse is the owner of the Atlanta Hawks NBA basketball team and owner of the 100 Mile Group. Jesse is the founder of Marquis Jet, which was later sold to Berkshire Hathaway's NetJets. In this episode we talk to Jesse about being an entrepreneur and ultra successful business leader.

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 

TIP150: Questions from the Audience, Artificial Intelligence (AI), Options Trading, Value Investing, & The Intelligent Investor (Business Podcast)  

In this week's show, Preston and Stig reflect back on the last 50 episodes and highlight what they have learned. The show covers a wide range of topics from Artificial Intelligence (AI), options trading, value investing, and Benjamin Graham's Intelligent Investor.

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

TIP149: Billionaire Seth Klarman's book - Margin of Safety (Business Podcast)  

One of the less known billionaires for people outside of the value investing community is Seth Klarman. Klarman has a very famous book titled, Margin of Safety, which often sells for more than $700 per copy. Today, Preston and Stig discuss what they learned from reading Klarman's book.

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 

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

TIP147: Billionaire Charlie Munger and the Daily Journal (Business Podcast)  

Charlie Munger’s net worth is about 1.5 billion and as most people know, he’s Warren Buffett’s vice chairman at Berkshire Hathaway. As we’ve talked about on previous episodes, Munger is really a brilliant individual that’s considered a polymath. Few people know that Charlie is an investor with the Daily Journal Corporation in Los Angeles California. As a result, he does a question and answer period every year at the shareholder meeting. One of our good friends Hari Ramachandra was lucky enough to attend the Daily Journal meeting this year, and while he was there, he captured some of the best responses that Charlie gave. 

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

TIP146: Superforecasting - The Art and Science of Predicting (Business Podcast)  

In this episode, Preston and Stig read a book that was recommended to them by legendary investor Edward Thorp. The book is titled, "Superforecasting" by Philip Tetlock and Dan Gardner.

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 

TIP145: Bitcoin and Ethereum w/ Tuur Demeester (Business Podcast)  

Since the last time The Investors Podcast covered crypto currencies in 2015, the price of Bitcoin has increased by over 1000%. Within the last five years, numerous billionaires have suggested that digital currencies are going to be the next big thing. For example, Bill Gates, Google’s Eric Schmidt, Peter Thiel, Richard Branson, and Patrick Byrne. 

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 

TIP144: Billionaire Howard Schultz' book, Onward - A Story About Starbucks (Business Podcast)  

This week, Preston and Stig read Billionaire Howard Schultz' book titled, "Onward." Schultz was the CEO and founder of Starbucks. In the early 2000's, Schultz initially left the company only to return as the CEO in 2008. This book covers his first hand account of the return and why it happened.

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

TIP143: Mastermind Discussion 2Q 2017 - Four Stock Picks to Beat the Market (Investing Podcast)  

During the 2Q, 2017 we assembled our mastermind group to have a discussion about the best stocks that could outperform the S&P 500. 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

TIP142: The Startups of Uber and Airbnb w/ NY Times Best Selling Author Brad Stone (Business Podcast)  

This week we are very excited to talk to the New York Times bestselling author, Brad Stone. In Brad's new book, Upstarts, he talks about how companies like Uber, Airbnb, and other killer companies of Silicon Valley are changing the way the world works. 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

TIP141: (Part II) Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholders Meeting 2017 - (Business Podcast)  

This episode is the second part coverage of the Berkshire Hathaway shareholder's meeting. 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

TIP140: Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholders Meeting 2017 (Part 1) - (Business Podcast)  

In this episode, Preston and Stig talk about their amazing experience from meeting up with the TIP community in Omaha for the Berkshire Hathaway annual shareholder meeting. In this episode, you’ll also hear Warren Buffett’s answer to the best questions asked by the shareholders for the 2017 meeting, and Preston and Stig’s discussion of the responses. Pictures from the event are listed below. 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

TIP139: Jim Rogers - Macro, Gold, Junk Bonds, India, & Currencies (Stock Investing Podcast)  

In this episode, we talk to legendary investor Jim Rogers. Rogers was the co-founder of the Quantum Fund with George Soros in the 1970s. During his ownership of the Quantum Fund, Rogers captured a 4200% return while the S&P 500 only yielded 47%. 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

TIP138: Jim Rickards (Part II) - Currencies, the Euro, and Central Banking (Business Podcast)  

Jim Rickards is the New York Times Best Selling author of multiple books on finance and macroeconomics. In this episode, Jim shares his thoughts on various topics concerning investing around the world. 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

TIP137: Jim Rickards - Interest Rates and Central Bankers  

In this episode, Preston and Stig talk to the world renown economist and central banking expert, James Rickards. Jim is the New York Times Best Selling Author of books like Currency Wars, The Death of Money, and A New Case for Gold. During this episode, Jim describes the checklist he uses to identify whether the FED will raise or not raise the federal funds' interest rates. 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)

TIP136: Joel Greenblatt - You Can Be A Stock Market Genius (Business Podcast)  

In this episode, Preston and Stig read Columbia professor, Joel Greenblatt's book, You Can Be A Stock Market Genius. Greenblatt isn't your tyipcal professor with a net worth of 500 million dollars and an average annual hedgefund return of 50% during the decade his fund was operational. 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

TIP135: Henry Ford & the Secrets of his Success w/ Christopher Whalen (Business Podcast)  

In this show, we talk to the brilliant Christopher Whalen about his new book titled, Ford Men. Whalen provides profound research into the ultimate success of the Ford Motor Company. 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

TIP134: Unshakeable by Tony Robbins (Business Podcast)  

One of the biggest names in self-help is Tony Robbins. Since the 2008 financial crisis, Robbins has been on a mission to educate the world about the stock market and the best ways to protect yourself against substantial loss. In 2014, Robbins' wrote the book, Money Master the Game. Today, he has a new book titled, Unshakeable, and it's the #1 investing book on Amazon. In this episode, Preston and Stig discuss what they learned from reading Robbins' newest book, Unshakeable. 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

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

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

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