Episodes
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On today’s episode, Kyle Grieve breaks down the contrarian investing philosophy of Anthony Bolton, revealing how he consistently outperformed the market by combining sentiment analysis, in-depth fundamental research, and a flexible yet disciplined portfolio strategy.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:27 - The traits Bolton observed in the best fund managers.
04:55 - Why incomplete knowledge can be a strength.
06:56 - A simple method for conviction-based portfolio reviews.
11:48 - What to do when your investments aren't working.
16:05 - The role of sentiment in Bolton’s investing edge.
22:40 - How to spot and avoid artificial conviction.
29:14 - Using bond prices to assess business risk.
31:18 - Why controlling your destiny matters in business.
35:45 - Insights Bolton gained from meeting company management.
01:00:45 - Three big mistakes—and what they taught him.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more â hereâ .
Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read Investing Against The Tide here.
Follow Kyle on â Xâ and â LinkedInâ .
Check out all the books mentioned and discussed in our podcast episodes â hereâ .
Enjoy ad-free episodes when you subscribe to our â Premium Feedâ .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ .
Check out our â We Study Billionaires Starter Packsâ .
Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | â Instagramâ | â Facebookâ | â TikTokâ .
Browse through all our episodes (complete with transcripts) â hereâ .
Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ .
Enjoy exclusive perks from our â favorite Apps and Servicesâ .
Learn how to better start, manage, and grow your business with the â best business podcastsâ .
SPONSORS
Support our free podcast by supporting our â sponsorsâ :
SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â Indeedâ
â Shopifyâ
â Vantaâ
â The Bitcoin Wayâ
â Onramp
HELP US OUT!
Help us reach new listeners by leaving us a â rating and reviewâ on â Spotifyâ ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! â https://theinvestorspodcastnetwork.supportingcast.fmâ
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
This episode explores Bitcoin’s emerging role as a global economic force, from its convergence as money to grid integration, payment tech, and strategic policy shifts.
Preston and Parker also spotlight Zaprite's innovations for Bitcoin payments and the broader implications of CBDCs and regulatory changes.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:12 - Key developments in Texas: grid reliability, strategic reserves, and Bitcoin Park
07:12 - How Bitcoin mining can support energy grid reliability and cost efficiency
09:47 - Economic pros and cons of a U.S. Strategic Bitcoin Reserve.
12:57 - Navigating regulatory pressures while fostering innovation in the Bitcoin space
14:08 - How Zaprite helps businesses integrate Bitcoin payments with ease
15:50 - The impact of Zaprite’s new Payments API on the merchant landscape
21:26 - Why Bitcoin, not crypto, is positioned as the singular monetary convergence point
27:51 - The rationale behind global convergence toward Bitcoin as a monetary standard
28:41 - The role and future of stablecoins in a Bitcoin-dominant ecosystem
34:35 - The feasibility of Bitcoin becoming a global reserve currency
41:00 - Bitcoin as a hedge against inflation and the response to CBDCs
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Parker’s book, Gradually, Then Suddenly.
Start accepting Bitcoin payments through â Zapriteâ .
Parker’sâ X Acountâ .
Related Video: â Bitcoin, Not Cryptoâ .
Check out all the books mentioned and discussed in our podcast episodes â â â â hereâ â â â .
Enjoy ad-free episodes when you subscribe to our â â â â Premium Feedâ â â â .
NEW TO THE SHOW?
Join the exclusive â â TIP Mastermind Communityâ â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: â â X (Twitter)â â | â â LinkedInâ â | | â â Instagramâ â | â â Facebookâ â | â â TikTokâ â .
Check out our â â Bitcoin Fundamentals Starter Packsâ â .
Browse through all our episodes (complete with transcripts) â â hereâ â .
Try our tool for picking stock winners and managing our portfolios: â â TIP Finance Toolâ â .
Enjoy exclusive perks from our â â favorite Apps and Servicesâ â .
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â The Intrinsic Value Newsletterâ â .
Learn how to better start, manage, and grow your business with the â â best business podcastsâ â .
SPONSORS
Support our free podcast by supporting our â â sponsorsâ â :
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Episodes manquant?
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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 $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig’s metaphorical restaurant and together taste new wonderful dishes in investing and life.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:36 - How stock investors can truly think like the owners of the business
10:09 - Which advice would Mohnish give to himself at ages 40 and 50
20:48 - Why you should learn from your mistakes, but not too much
33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game
35:41 - Why you need to work with the fewest possible variables in philanthropy
51:30 - How to look at an “execution moat”
1:00:59 - Why Stig thinks that Mohnish is over diversified
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more â â hereâ â .
Join the exclusive â â TIP Mastermind Communityâ â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Mohnish Pabrai’s website.
Learn more about Mohnish Pabrai’s Dakshana Foundation.
Our interviews with Mohnish Pabrai about The Inner Scorecard.
Our interviews with Mohnish Pabrai about Masterclass Investing.
Our interviews with Mohnish Pabrai about investing in stocks.
Our interviews with Mohnish Pabrai about value investing and philanthropy.
Check out all the books mentioned and discussed in our podcast episodes â â hereâ â .
Enjoy ad-free episodes when you subscribe to our â â Premium Feedâ â .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â The Intrinsic Value Newsletterâ â .
Check out our â â We Study Billionaires Starter Packsâ â .
Follow our official social media accounts: â â X (Twitter)â â | â â LinkedInâ â | â â Instagramâ â | â â Facebookâ â | â â TikTokâ â .
Browse through all our episodes (complete with transcripts) â â hereâ â .
Try our tool for picking stock winners and managing our portfolios: â â TIP Finance Toolâ â .
Enjoy exclusive perks from our â â favorite Apps and Servicesâ â .
Learn how to better start, manage, and grow your business with the â â best business podcastsâ â .
SPONSORS
Support our free podcast by supporting our â â sponsorsâ â :
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a â â rating and reviewâ â on â â Spotifyâ â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
In this episode, Clay dives into Buffett and Munger Unscripted by Alex Morris. This book is a treasure trove of timeless investing wisdom from decades of Berkshire Hathaway annual meetings.
The episode highlights Warren and Charlie’s most powerful lessons on capital allocation, business quality, temperament, and how to achieve long-term investing success. Whether you're a lifelong Buffett fan or just stepping into the world of value investing, this episode is packed with insights you won’t want to miss.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:48 - Why Buffett and Munger believe there’s no such thing as non-value investment.
07:45 - Why Buffett avoids complex financial models and sticks to common sense.
08:05 - The traits that define a truly great business—and why those are so rare.
14:57 - How capital allocation drives long-term shareholder value and Berkshire’s success.
24:29 - How Buffett thinks about share buybacks and dividends.
26:27 - The importance of understanding and trusting management and company culture.
38:53 - Why most of Berkshire’s success came from just a handful of decisions.
49:48 - How Buffett and Munger handle market volatility and avoid emotional decisions.
56:26 - The role of temperament in investing and why intelligence alone isn’t enough.
58:15 - Why short selling rarely works and why index funds are still a powerful tool.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more â hereâ .
Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Alex Morris’ book: Buffett & Munger Unscripted.
Alex’s research service: The Science of Hitting.
Book mentioned: The Essays of Warren Buffett.
Mentioned Episode: TIP697: The Secret to Buffett's Business Success w/ Lawrence Cunningham.
Mentioned Episode: TIP550: Masterclass w/ Mohnish Pabrai.
Mentioned Episode: TIP693: The Power Law w/ Clay Finck.
Mentioned Episode: TIP626: Intelligent & Rational Long-Term Investing w/ Francois Rochon.
Mentioned Episode: TIP620: The Intelligent Investor by Benjamin Graham.
Follow Alex on X and LinkedIn.
Follow Clay on â LinkedInâ & â Xâ .
Check out all the books mentioned and discussed in our podcast episodes â hereâ .
Enjoy ad-free episodes when you subscribe to our â Premium Feedâ .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ .
Check out our â We Study Billionaires Starter Packsâ .
Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | â Instagramâ | â Facebookâ | â TikTokâ .
Browse through all our episodes (complete with transcripts) â hereâ .
Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ .
Enjoy exclusive perks from our â favorite Apps and Servicesâ .
Learn how to better start, manage, and grow your business with the â best business podcastsâ .
SPONSORS
Support our free podcast by supporting our â sponsorsâ :
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a â rating and reviewâ on â Spotifyâ ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! â https://theinvestorspodcastnetwork.supportingcast.fmâ
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
This episode explores how Bitcoin investors can build resilient portfolios, respond to economic slowdowns, and make smarter money and time decisions.
Expert insights on real estate trends, estate planning, and hedging strategies round out a comprehensive discussion.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:45 - The sustainability of Bitcoin's rally and long-term price outlooks.
05:35 - Trends in Bitcoiners' real estate investments amid housing illiquidity.
07:43 - How to interpret downgraded global growth forecasts for personal planning.
11:12 - How Bitcoiners can diversify portfolios while managing volatility.
19:45 - Entrepreneurial vs. employment decisions in today’s financial climate.
20:37 - Hedging strategies for crypto portfolios under regulatory uncertainty.
21:05 - Shifts in investor behavior during inflationary slowdowns.
21:22: The impact of macroeconomic trends on Bitcoin investment strategies.
29:00 - The estate and tax implications of a Strategic Bitcoin Reserve.
36:09 - Lifestyle shifts prioritizing time over income in economic downturns.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Jim’s website.
Jim’sâ X Accountâ .
Check out all the books mentioned and discussed in our podcast episodes â â hereâ â .
Enjoy ad-free episodes when you subscribe to our â â Premium Feedâ â .
NEW TO THE SHOW?
Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | | â Instagramâ | â Facebookâ | â TikTokâ .
Check out our â Bitcoin Fundamentals Starter Packsâ .
Browse through all our episodes (complete with transcripts) â hereâ .
Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ .
Enjoy exclusive perks from our â favorite Apps and Servicesâ .
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ .
Learn how to better start, manage, and grow your business with the â best business podcastsâ .
SPONSORS
Support our free podcast by supporting our â sponsorsâ :
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
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 11.4% on equities since its fund's inception on 2/28/1999, compared to 8.2% for the S&P 500.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:45 - The importance of being trusted for Warren Buffett and Chris Bloomstran
18:20 - Why you may want to own a 10-year treasury over the S&P 500 over the next decade
20:28 - How to estimate whether you’re in a secular peak
27:43 - How active Berkshire should be on the boards of portfolio companies
36:03 - How to take a deep dive into Berkshire Hathaway’s culture and business model
43:53 - What the intrinsic value of Berkshire Hathaway is, and what type of return you can get moving forward
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Stig’s 2024 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2023 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway.
Chris Bloomstran’s website.
Read Chris Bloomstran’s annual letters.
Buffett resource on CNBC.
Alex Morris’ book, Buffett and Munger Unscripted – read reviews of the book.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
On today’s episode, Kyle Grieve explores the DNA of Amazon by tracing Jeff Bezos’s early influences, strategic decisions, and relentless focus on customer experience, revealing how a bold vision and founder-led culture built one of the most dominant businesses in history.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:12 - How Bezos’s childhood brilliance helped forged Amazon’s DNA.
03:22 - Why self-reliance helped Bezos repeatedly invent out of failure.
06:02 - How DE Shaw inspired Amazon’s hiring bar and secretive innovations.
14:18 - Why founder-led companies tripled returns vs peers from 1990–2014.
17:07 - How Amazon used user reviews to build trust and boost Amazon’s moat.
24:20 - How one-click ordering deepened customer loyalty and competitive defensibility.
41:05 - The importance of Amazon Prime and how it affected customer churn and loyalty.
51:51 - How AWS was born.
54:27 - How Amazon has used its scale and competitive positioning to acquire competitors.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read The Everything Store: Jeff Bezos and the Age of Amazon here.
Read Invent and Wander: The Collected Writings of Jeff Bezos here.
Read Delivering Happiness: A Path to Profits, Passion, and Purpose here.
Follow Kyle on X and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Alex Gladstein unpacks the hidden power dynamics of financial privilege, the shifting terrain of surveillance, and why Bitcoin might be the most unexpected tool in the fight for human rights
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
08:23 - Why self-custody is essential to the philosophical core of financial freedom
13:12 - How grassroots Bitcoin movements are reshaping power dynamics
14:02 - The complex role of social media in Bitcoin advocacy
14:27 - What recent developments are challenging or reinforcing core beliefs
16:07 - How Bitcoin acts as a stealth disruptor of corrupt systems
17:29 - Real-world humanitarian uses of Bitcoin, including crisis response
18:49 - The implications of rising financial surveillance—even in democracies
19:43 - Why financial privilege blinds many in the West to global monetary injustice
21:07 - Where the next frontier of Bitcoin and human rights may emerge
49:03 - How writing a full-length book reframed the guest’s understanding of scale and resistance
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Alex’s X Account.
Human Rights Foundation.
Related Video: Princess of the Yen.
Bitcoin Is A Trojan Horse For Freedom by Alex Gladstein.
Alex’s books: Check Your Financial Privilege and Hidden Repression: How the IMF and World Bank Sell Exploitation as Development.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
In this episode, William Green chats with Christopher Begg, an exceptional hedge fund manager who is the CEO & CIO of East Coast Asset Management. Chris has also taught for many years at Columbia Business School, where he teaches the prestigious Security Analysis course that Warren Buffett took with Ben Graham in 1951. Here, Chris discusses how to stay calm amid market turmoil; how he identifies great businesses; why Tesla could deliver extraordinary long-term returns; & how he builds a balanced life in 7 key areas. IN THIS EPISODE YOUâLL LEARN:00:00 - Intro03:54 - How Christopher Begg handles extreme market turmoil.04:07 - Why he loves volatility & how he exploits it. 06:27 - What 3 qualities he seeks when identifying an exceptional business. 18:19 - Why temperament is the key to investment success. 28:06 - How Perimeter Solutions embodies what he looks for in a stock.31:49 - How value investing has evolved to what he calls âValue 3.0.â42:15 - Why Tesla could deliver âextraordinaryâ returns over many years. 42:15 - What he thinks of Elon Musk. 01:11:13 - Why the secret of success is âpersistent incremental progress.â01:13:48 - How a 66-day challenge helped Chris to nurture good habits.01:26:06 - How Buffett & Munger won the investing game with âclass & virtue.â01:34:18 - How to design a balanced, joyful, & spacious life. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESJoin Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.Chris Beggâs investment firm, East Coast Asset Management.Marcel Proust's In Search of Lost Time.Tanya Luhrmann's How God Becomes Real.Maurice Merleau-Ponty's Phenomenology of Perception.Douglas Adams' The Hitchhikerâs Guide to the Galaxy.Richard Bach's Jonathan Livingston Seagull.James Carse's Finite & Infinite Games.David Whyte's Consolations & Consolations II.Madeleine Green's song discussed by William & Chris.William Greenâs book, âRicher, Wiser, Happierâ â read the reviews of this book.Follow William Green on X.Check out all the books mentioned and discussed in our podcast episodes here.Enjoy ad-free episodes when you subscribe to our Premium Feed.NEW TO THE SHOW?Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.Check out our We Study Billionaires Starter Packs.Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.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.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSSupport our free podcast by supporting our sponsors: SimpleMining Hardblock AnchorWatch DeleteMe CFI Education Vanta Indeed Shopify Vanta The Bitcoin WayOnrampHELP US OUT!Help us reach new listeners by leaving us a rating and review on Spotify! 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 â we really appreciate it!Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmLearn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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In this episode, Clay explores the book Thinking in Bets by Annie Duke, a guide to making better decisions under uncertainty.
Drawing from her career as a professional poker player, Annie shares how to separate decision quality from outcomes and avoid the trap of “resulting.” Clay also discusses how our brains are wired for certainty, why embracing probabilistic thinking leads to better outcomes, and the value of building a truth-seeking support system. Additionally, he uncovers tools like backcasting, premortems, and kill criteria to improve long-term decision-making as investors.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:36 - What it means to “think in bets” and how poker can sharpen decision-making.
05:57 - The concept of “resulting” and how it distorts our ability to evaluate decisions.
08:17 - Why good decisions can still lead to bad outcomes—and vice versa.
09:41 - The role of System 1 vs. System 2 thinking in making better choices.
10:44 - How investing parallels poker with incomplete information and uncertainty.
26:29 - How to build a feedback loop that separates luck from skill.
34:03 - The importance of building a truth-seeking group or “buddy system.”
35:02 - The dangers of confirmation bias and how beliefs are often formed by default.
52:54 - How backcasting and premortems can help map out future decisions.
57:16 - The power of setting kill criteria to avoid emotional decision-making.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Annie Duke’s book: Thinking in Bets.
Mentioned book: Big Mistakes.
Related Episode: TIP623: The Art of Decision Making w/ Annie Duke.
Related Episode: RWH015: Betting Better in Markets and Life w/ Annie Duke.
Follow Clay on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
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Perianne Boring and Brian Estes join the show to break down today’s most pressing crypto issues—from rising tariffs and DOJ coin audits to the White House Digital Asset Summit.
They share insights on the evolving market structure, the future of stablecoin legislation, and how Washington is shaping the next phase of digital finance. Plus, a look at Bitbonds, Thank God For Bitcoin, and the under-the-radar trends that could define the next cycle.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:29 - Key takeaways from the White House Digital Asset Summit
05:48 - Where the stablecoin bill stands and what’s holding it up
04:12 - Senator Moreno's legislative roadmap on digital assets
10:27 - Why tariffs are making headlines again and how they affect digital assets
15:17 - Market trends that may be flying under the radar
19:54 - What the DOJ coin audits mean for the crypto industry
28:10 - How the market structure is evolving with increased regulation
35:58 - The future of banking post-stablecoin legislation
43:05 - How Bitbonds could play a role in the next wave of crypto innovation
52:20 - Insights from the film Thank God For Bitcoin
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Related episode: Making THE Bitcoin Movie w/ Kelly and Brian Estes.
Link to the movie: God Bless Bitcoin.
The Digital Chamber’s Website.
Perianne's X Account.
Brian’s X Account.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
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On today’s episode, Kyle Grieve dives deep into Mohnish Pabrai’s The Dhandho Investor, unpacking its nine core principles through vivid case studies and personal reflections to help investors embrace simplicity, asymmetric bets, and the power of cloning proven ideas.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - Why buying an existing business can be a smarter path than starting one from scratch.
11:32 - Profiting from businesses with short-term earnings visibility—and why it matters.
13:07 - The enduring strength and clarity of simple business models.
17:39 - How distressed businesses in troubled industries can become goldmines.
31:46 - Why hidden moats often offer the biggest edge—and how to spot them.
38:08 - The case for concentration: how fewer bets can lead to outsized returns.
50:28 - What modeling Costco reveals about risk, value, and margin of safety.
55:13 - The counterintuitive appeal of low-risk, high-uncertainty investments.
59:13 - How to use the cloning principle to shortcut your search for winners.
01:02:09 - Why your sell strategy should evolve with the quality of the business you own.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read The Dhando Investor here.
Read The Intelligent Investor by Benjamin Graham here.
Read Richer, Wiser, Happier by William Green here.
Read The Little Book That Beats the Market by Joel Greenblatt here.
Follow Kyle on X and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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On today’s episode, Clay is joined by Niklas Sävås to discuss the business model of serial acquirers.
A serial acquirer is a company that grows primarily by repeatedly acquiring other businesses as a core part of its strategy. Over the past two decades, many serial acquirers have proven to be profitable investments in the stock market including Constellation Software and Lifco AB. In this episode, Clay and Niklas break down the most important factors to understanding the business model as investors.
Niklas Sävås is a senior equity analyst at Redeye AB where he does extensive research on serial acquirers in the Nordics.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:55 - What a serial acquirer is and why serial acquirers are able to buck conventional thinking on making acquisitions.
08:54 - What the return profile is for serial acquirers in making private acquisitions.
10:35 - Best practices used by successful serial acquirers.
24:49 - Why it’s important to be the buyer of choice as a serial acquirer.
40:18 - The most common challenges that serial acquirers face.
49:01 - The importance of organic growth for serial acquirers.
54:41 - An overview of the Roko IPO.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Check out Redeye.
Investing by the Books Podcast.
REQ Capital Report.
Follow Niklas on LinkedIn & X.
Follow Clay on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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âWall Street veteran and macro expert, James Lavish, and Preston Pysh have a candid back and forth about the Trump tariffs and what the impact in game theory looks like moving forward.
They also talk about how it's impacting fixed income, equities, and Bitcoin. Plus how the U.S. might navigate things from here and what's expected ahead.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:14 - How MAG 7 dynamics differ from MAGA trade policies
04:48 - Insights from the Street on where equities and crypto are headed
14:07 - How the U.S. dollar contributed to structural trade imbalances
14:49 - Why China's bond selloff may be a response to U.S. tariffs
15:56 - The potential size of the “boggie” in market selloffs and debt
16:23 - Ray Dalio’s framework for understanding today’s deeper economic shifts
16:41 - The case for the end of globalism and what replaces it
23:42 - Why Elon Musk might be at odds with his economic circle
28:02 - What tariffs mean for inflation and the bond market
36:19 - The role of Dollar Stablecoins in the evolving financial system
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
James’ X Account.
James’ The Informationist Newsletter.
James’ Bitcoin Opportunity VC Fund.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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In today's episode, Stig Brodersen shares 20 pieces of advice with his 20-year-old self.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:02 - Why the limits of your language are the limits of your world
06:35 - Why you need to leave your comfort zone
09:05 - Why you can grow from making yourself vulnerable
21:29 - Why you can have anything but not everything
33:29 - Why you should do what you say and say what you do
53:02 - Why you should be intentional with your relationships - but not too much
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Stig’s blog post on his portfolio and track record since 2014.
Stig’s podcast on his journey into financial independence.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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On today’s episode, Clay is joined by Arif Karim to discuss Netflix and Ferrari. Arif has studied both businesses for many years as a co-Portfolio Manager at Ensemble Capital and knows these companies as well as about anybody.
Arif has been in the investment industry for over 25 years, and is currently working on transitioning to his new venture in the industry.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:31 - What is Netflix’s moat, and what makes it a great business?
10:45 - How Arif managed the share price volatility of Netflix in recent years.
21:34 - The growth initiatives Netflix pursued in light of the slowdown in subscriber growth.
42:02 - Why Ferrari is a business with win-win relationships similar to Costco.
01:09:04 - How Arif thinks about Ferrari’s and Netflix’s valuation.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Connect with Arif on LinkedIn.
Follow Clay on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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Jesse Myers breaks down MicroStrategy’s bold new move, the MSTR preferred stock, and shares big-picture views on Bitcoin, scarcity, and economic transformation.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:58 - What MicroStrategy’s new preferred stock offering means for investors.
04:34 - The implications of MSTR’s free cash flow and interest expense dynamics.
07:23 - A sneak peek at Jesse’s Global Asset Value chart and what it reveals.
10:16 - How Bitcoin continues to shape MicroStrategy’s balance sheet and strategy.
15:48 - Whether we’re approaching a “debt event horizon” and what that might mean.
16:33 - Jesse’s insights on Bitcoin yield and accretive dilution.
23:29 - Misconceptions people have about the current economic landscape.
23:49 - Why appreciating scarcity is a key mindset shift in investing.
36:36 - What Jesse’s excited about in today’s rapidly evolving financial world.
37:24 - Jesse’s take on Elon Musk and Howard Lutnick’s vision for rewiring the U.S. economy.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Jesse’s X Account.
Jesse Myer’s Newsletter.
Jesse’s company, Onramp.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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On today’s episode, Kyle Grieve explores how common stocks, paired with contrarian thinking and an understanding of cycles, can generate strong returns. We’ll cover lessons Ed shares from his journey—like allowing for imprecise valuations and learning from disappointing investments. We’ll also look at the value of investing alongside great investors and acting decisively during market panics.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:00 - Why common stocks offer more than just solid returns.
06:14 - One mindset shift to sharpen your contrarian investing edge.
07:43 - Three questions that clarify any tough investing decision.
12:54 - How averaging up became Ed’s unfair advantage.
16:14 - The shortcut Ed uses to spot great investments.
18:08 - Earnings, multiples, and perception: the formula behind significant returns.
24:35 - A turnaround playbook for deep value opportunities.
29:36 - Cyclicality decoded: spotting hidden patterns before the crowd.
49:23 - When bad investments still make you a better investor.
59:25 - Ed’s surprising win in a sector everyone hates.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read Common Stocks and Common Sense here.
Follow Kyle on X and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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On today’s episode, Clay is joined by François Rochon to discuss his long-term investing philosophy. François firmly believes that buying great businesses at fair prices is the key to success as a long-term investor. He also believes that trying to time the market is a fool’s errand and that stock price volatility is a gift to investors seeking to beat the market.
Since Francois started the Rochon Global Portfolio in 1993, he’s compounded capital at 13.6% per year on average net of fees, and the S&P 500 has compounded at 10.6%.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:28 - Why François spends the time to write a letter for his partners each year.
05:03 - François’s takeaways and lessons from 2024.
08:13 - The types of businesses François looks to invest in.
11:05 - How concentrated he prefers to make his fund.
13:18 - Why Giverny Capital will always remain fully invested.
29:47 - The four key risks for equity investors to consider.
40:07 - Why Francois recently made Booking Holdings and Brown & Brown core positions in his portfolio.
56:46 - Francois’s updated views on Alphabet.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Rochon’s firm: Giverny Capital.
Follow Clay on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
Vanta
Indeed
Shopify
Vanta
The Bitcoin Way
Onramp
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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From ETF debates to home heat mining, Jessy brings deep insights on navigating Bitcoin's evolution, securing your crypto, and building a future with sound strategy and security.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
13:24 - Whether Bitcoin can serve as a reliable retirement asset
22:41 - Practical steps for passing down Bitcoin to future generations
27:32 - How to safely and effectively donate Bitcoin to charity
29:36 - How Bitcoin ETFs are reshaping market dynamics and investor behavior
35:24 - Risks of centralized exchanges and why they’re considered “honeypots”
35:47 - Whether investing in MicroStrategy is a smart Bitcoin proxy play
36:08 - The pros and cons of Bitcoin ETFs vs. private keys
42:03 - How mining pool centralization could threaten Bitcoin’s decentralization
42:26 - Jessy's personal journey with home mining and heating
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Jessy’s X Account.
Jessy’s Financial Planning Company: Sound Advisory.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
DeleteMe
CFI Education
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