Episodi
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On today’s episode, Kyle Grieve discusses major takeaways from the book The Warren Buffett Portfolio, including why concentrated portfolios offer the highest probabilities of outperforming, how focus investors think about risk, Warren Buffett’s four-step framework for identifying great investments, the importance of patience, discipline, and self-awareness to investing success, how to widen your circle of competence, why thinking in probabilities is intertwined with outperfrmance and risk reduction, and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:53 - The reasons that focus investors are concentrated and the pros and cons of having a concentrated portfolio.
07:12 - Buffett's views on risk and what risk means to him.
08:42 - Warren Buffett's 4-step framework to determine whether an investment is rational.
13:16 - The shared characteristics of these five investors, which helped them overperform.
14:51 - Exciting research on the effects of concentrating your portfolio on long-term performance.
22:35 - How to measure your performance using fundamentals instead of stock prices.
30:15 - Simple ways to widen your circle of competence.
39:01 - Why you should think in probabilities when thinking about investing and practical ways of applying it to your investing.
50:20 - The primary principles Warren Buffett learned from Benjamin Graham and Charlie Munger to best understand human psychology in markets.
55:26 - The roles of overconfidence, overreaction, loss aversion, and mental accounting have on investor psychology.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy The Warren Buffett Portfolio here.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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
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, Clay is joined by Roger Fan to discuss Joel Greenblatt’s book, “You can be a Stock Market Genius.” Joel Greenblatt is one of the greatest hedge fund managers of all time. Greenblatt famously averaged 40% a year over 20 years. At that rate, $1 million grows into $836 million.
He’s also the author of best-selling classics like “The Little Book that Beats the Market” and was a key character in William Green’s book, “Richer, Wiser, Happier.”
Roger Fan is the Chief Investment Officer at RF Capital Management. RF Capital seeks to achieve superior risk-adjusted returns by investing in obscure, undervalued companies globally.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:22 - An overview of Joel Greenblatt’s background as an investor, author, teacher, and philanthropist.
06:22 - Why Greenblatt focused much of his attention on special situations to beat the market.
10:47 - What a spinoff is and why they are ripe hunting grounds for mispricings.
19:04 - One of Greenblatt’s favorite case studies for spinoffs.
21:01 - The three key characteristics to look for in a spinoff transaction for investors.
33:50 - How Joel Greenblatt views investing in bankruptcy deals.
58:50 - Which special situations Roger prefers to invest in.
01:11:03 - How Roger approaches concentration in his portfolio.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Roger’s Firm: RF Capital Management.
Joel Greenblatt’s books: You Can Be a Stock Market Genius, The Little Book That Beats the Market.
Related Episode: RWH003: How To Win The Investing Game w/ Joel Greenblatt.
Related Episode: TIP339: Common Sense Investing w/ Joel Greenblatt.
Follow Roger on Twitter & LinkedIn.
Follow Clay on Twitter.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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 -
Episodi mancanti?
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Exploring Bitcoin's Future as Both Store of Value and Medium of Exchange with Roy Sheinfeld, CEO of Breez, a leader in Bitcoin's Lightning Network.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:22 - How Breez uses the Lightning Network to enable seamless Bitcoin transactions.
04:50 - Challenges and solutions to improving Bitcoin’s user experience for mainstream adoption.
08:47 - Why Roy Sheinfeld believes Bitcoin must function as both a store of value and a medium of exchange.
18:54 - The long-term vision for Breez as a driver of global financial freedom.
27:17 - Roy's perspectives on Bitcoin’s evolution and its competition with fiat currencies.
31:25 - Practical advice for developers aiming to build on Bitcoin.
39:11 - The ways Breez’s SDK empowers developers and businesses to integrate Bitcoin functionality.
43:49 - How Breez’s nodeless design simplifies access to Bitcoin for both developers and users.
50:22 - Insights from Breez’s partnership with Yopaki in Mexico, showcasing Bitcoin’s impact in underserved regions.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Roy Steinfield’s X (Twitter) Account.
Breez Website.
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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 show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on building meaningful relationships and traveling with friends along the path, they discuss what has made them Richer, Wiser, or Happier in the past quarter
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:12 - Why the opposite of a virtue is also a virtue
23:06 - Why the Nomad Partnership principles resonate so deeply with the value investing community
29:22 - Why it simplifies your life when you put quality front and center
38:57 - Where to find the intersection between authenticity and honesty
52:07 - Why does the value investing community have some similarities to a cult, and whether it is a problem
1:15:20 - Why you need to hold two contradictory thoughts in your head and still stay sane
1:26:34 - How to travel with friends along the path in business and life
1:35:13 - How to think about partnerships and relationships with the titans in the investing industry
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
If you want to learn more about the Richer, Wiser, Happier Masterclass, please email [email protected].
William Green’s book Richer, Wiser, Happier – read reviews of this book.
William Green’s book, The Great Minds of Investing – read reviews of this book.
Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q3 2024 | YouTube Video.
Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2024 | YouTube Video.
Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q3 2023 | YouTube Video.
Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q2 2023 | YouTube Video.
Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2023 | YouTube Video.
Stig Brodersen and William Green’s episode on Money and Happiness | YouTube Video.
William Green’s interview with Jason Zweig about The Intelligent Investor | YouTube Video.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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
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, Clay and Kyle give an overview of their best quality stock idea for Q4 2024. This quarter, they discuss Mastercard.
Mastercard is a well-known company in the world of quality investors. Since its IPO in 2006, the stock has compounded at north of 30% per year. Alongside Visa, Mastercard operates in a duopolistic industry which enables them to continue to grow for long time periods with little capital investment. The company is also held in many superinvestors portfolios, including Chuck Akre, Dev Kantesaria, Warren Buffett, Francois Rochon, Guy Spier, and Tom Russo — many of which have been featured on our podcast.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:06 - An overview of Mastercard’s business model and what happens when we make everyday payments.
09:51 - Why Fintech companies aren’t a threat to Mastercard and Visa.
14:44 - Why Mastercard and Visa have one of the strongest moats in the world.
44:32 - The potential risks of investing in Mastercard.
57:30 - Our thoughts on Mastercard’s valuation.
01:08:36 - Our updated thoughts on Evolution AB.
01:19:15 - TIP’s next event in Omaha for our TIP Mastermind Community.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Books mentioned: The Pay Off.
Related Episode TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve.
Related Episode TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve.
Related Episode TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve.
Episode Mentioned: TIP281: Intrinsic Value Assessment Of Mastercard w/ Sean Stannard-Stockton.
Follow Kyle on Twitter.
Follow Clay on Twitter.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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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Join us as we delve into Dread’s inspiring story, from his days as a world-class athlete to his significant contributions in the world of Bitcoin. Learn about the Caribbean crypto landscape, challenges of CBDCs, and his work with OpenSats funding innovative Bitcoin projects.
Discover more about Flash, his Bitcoin wallet and exchange platform, and the fascinating world of e-cash engineering.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:34 - How Dread transitioned from a track and field career to Bitcoin entrepreneurship.
11:25 - Insights into how Bitcoin businesses operate in the Caribbean.
13:30 - Reasons behind the failure of CBDCs in the Caribbean and why initiatives struggle.
19:11 - The purpose and impact of OpenSats, a nonprofit funding Bitcoin projects.
21:40 - Key projects supported by OpenSats that are making waves in the industry.
23:38 - Unique aspects of Bitcoin engineering, including e-cash technology, that intrigue Dread.
24:30 - An overview of Flash, a Bitcoin wallet and exchange tailored for Caribbean users.
BOOKS AND RESOURCES
Dread’s Flash website: GetFlash.io
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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 today’s episode, William Green chats with Brad Stulberg about how to thrive amid change. Brad is the best-selling author of Master of Change: How to Excel When Everything is Changing—Including You & The Practice of Groundedness: A Transformative Path to Success that Feeds—Not Crushes—Your Soul. Here, he shares practical tools & strategies based on scientific research, battled-tested wisdom, & his work as a high-performance coach to business leaders & elite athletes.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:55 - How Brad Stulberg became an expert on adapting to change.
14:04 - Why Howard Marks & Bill Miller are obsessed with impermanence.
18:35 - How “rugged flexibility” can help you navigate a fast-changing world.
35:20 - Why it’s so valuable to have a “fluid sense of self.”
43:38 - Why Viktor Frankl recommended a mindset of “tragic optimism.”
52:10 - How routines & rituals provide stability & order amid change & disorder.
52:10 - Why getting exercise & building community is mission critical.
52:10 - Why Brad is skeptical of optimizers like Peter Attia & Andrew Huberman.
58:47 - How peak performers succeed by “nailing the fundamentals.”
01:10:45 - How Brad’s “4 Ps” technique protects against reactive decision-making.
01:16:18 - What a battle against depression taught him about handling adversity.
01:20:19 - What qualities he models so that his kids can learn to be resilient.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
William Green’s book, “Richer, Wiser, Happier” – read the reviews.
Brad Stulberg’s website.
Brad Stulberg’s podcast.
Brad Stulberg's books: Master of Change & The Practice of Groundedness.
Brad Stulberg & Steve Magness's Peak Performance.
William Green’s podcast on “Optimal Performance” with Daniel Goleman.
William Green’s podcast on “Wealth & Health” with Jason Karp.
William Green’s book, “Richer, Wiser, Happier” – 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?
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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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On today’s episode, Clay is joined by Andrew Brenton to discuss his biggest investment lessons from beating the market over the past 25 years.
Andrew Brenton is the CEO and co-founder of Turtle Creek Asset Management. Since its inception in 1998, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for the S&P 500. $10,000 invested into their fund at inception would have grown to over $1.2 million as of September 30th, 2024, and had that money been invested in the market, it would have been worth around $75,000.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:39 - The fundamental drawbacks of a buy-and-hold investment strategy.
10:58 - Why the stock market in the US is becoming less efficient over time.
28:48 - How Andrew thinks about allocating to AI and software businesses in his portfolio.
38:51 - How Turtle Creek manages risk investing in stocks.
52:55 - Why Turtle Creek added Kinsale Capital to their portfolio this year.
01:00:02 - What keeps Andrew going after 30 years in the industry.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Check out Turtle Creek Asset Management.
Related Episode: Listen to TIP592: Outperforming the Market Since 1998 w/ Andrew Brenton, or watch the video.
Follow Clay on Twitter.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
NVK joins the show to discuss the potential of AI, explore the impact of Nostr on data vending and content creation, and share his thoughts on security, hardware manufacturing challenges, and what's exciting in Bitcoin’s evolving tech landscape.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
08:34 - The core concept behind NVK's AI project, Unleashed.chat
14:54 - What digital vending machines are, and how they tie into Nostr.
21:13 - Frustrations NVK has with common security advice.
22:36 - Key advice for newcomers to the Bitcoin space.
26:16 - The challenges and intricacies of hardware manufacturing that often go unnoticed.
35:31 - Why Nostr is revolutionizing long-form content creation.
37:43 - The most exciting technical developments happening in Bitcoin and Nostr.
42:57 - NVK's perspective on Nostr’s growing role in decentralized communication.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NVK’s AI project: Unleased.chat.
NVK’s X (Twitter) Account.
NVK’s Nostr.
Check out Coinkite.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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 discusses the anatomy of a speculative event, why it’s so easy for people to take part in them, and why these events are unlikely to stop in the future; a few major euphoric episodes from history outlined in the book, three more recent bubbles that most listeners lived though, why the rise in IPOs are often the result of mini bubbles, six primary takeaways from the book to help protect yourself from investing in bubbles, and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:26 - The blueprint of a speculative event
04:10 - Why we fool ourselves into following people with money who don't deserve to be followed
10:04 - A contrast of risk tolerance between Benjamin Graham and Warren Buffet
15:13 - A detailed account of Tulipomania and the story of the $80,000 price tag for a Tulip
19:13 - How a convicted criminal helped mastermind one of the most giant bubbles in history
25:36 - The importance of due diligence in assisting investors to avoid bubbles
28:13 - How bubbles feed on themselves, opening pathways for other businesses to take advantage of the euphoria
34:56 - A few of the precipitating factors that caused the great depression and the damage it created
39:43 - Breaking down the "Dot-com" bubble, the Great Financial Crisis, and post Covid-19 euphoria
55:41 - Why investors should take responsibility for their wins and their losses
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
John Kenneth Galbraith's book, A Short History of Financial Euphoria.
Follow Kyle on Twitter 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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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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Many investors who analyze stocks take the numbers provided by the company at face value, but there are times when this can be a massive investing mistake.
To help shed light on what the earnings provided by a company really mean for us as investors, we reviewed the book — Quality of Earnings by Thornton O'Glove. Thornton is a Wall Street veteran known for pioneering red flag deviation analysis.
This book is an indispensable guide to determining how much money a company is really making to help us avoid making costly blunders.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
07:26 - Why you shouldn’t trust your analyst or the auditors.
15:13 - What to keep an eye on when reading an annual report.
22:35 - Red flags to look out for when analyzing a company’s filings.
31:13 - How managers and accountants can legally manipulate earnings per share, however they see fit.
34:06 - Tools we can use to help determine the quality of earnings for a company.
35:55 - How we can make use of accounting items like accounts receivable and inventory.
49:36 - The impact of dividends on your returns as an investor.
53:11 - The shortfalls of GAAP accounting.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Quality of Earnings book.
Quality of Earnings in M&A.
Related Episode: TIP667: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder, or watch the video.
Related Episode: TIP601: Junk to Gold by Billionaire Willis Johnson, or watch the video.
Related Episode: TIP656: Mastering Stock Selection with an Investment Checklist w/ Clay Finck, or watch the video.
Follow Clay on Twitter.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
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HELP US OUT!
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In this episode, Matt Odell discusses how open-source Bitcoin development is funded through initiatives like OpenSats, the significance of ignoring Satoshi’s identity, and why Nostr, Cashu, and Fedi are critical for Bitcoin’s future. He also shares insights on building Bitcoin Park, a community hub, and reveals one of his pet peeves in the Bitcoin space.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:04 - Why it’s essential to ignore the mystery behind Satoshi’s identity.
08:26 - What OpenSats is and how it supports open-source Bitcoin development.
08:49 - Insights into building Bitcoin Park, a community space for Bitcoin enthusiasts.
18:38 - The importance of Nostr for Bitcoin communications.
27:26 - How Cashu and Fedi are advancing Bitcoin payments.
32:44 - Why Matt Odell is frustrated by price predictions in the Bitcoin space.
37:46 - Lessons Matt has learned from spending time around Jack Dorsey.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Odell’s Nostr.
Odell's Website.
OpenSats Website.
Book recommendation: Only the Paranoid Survive by Andrew Grove.
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
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The Bitcoin Way
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Fundrise
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On today’s episode, Kyle Grieve chats with Larry Connor about why being different is crucial to outperformance, why turning over the most rocks and ruthlessly eliminating opportunities is vital to success, why Larry searches for “train wreck” apartments to optimize, the importance of investing counter-cyclically, how being unconstrained by conventional thinking has propelled his success, the critical importance of being disciplined to your core values, and a whole lot more!
Larry Connor is the founder and managing partner of The Connor Group. He founded the Connor group in 1992 with $400k and one investor to purchase three apartment communities. Today, the business has over 1,300 investors and $5 billion in assets. It operates in 18 markets across the United States. Larry is also the founder of The Connor Group Kids & Community Partners, a non-profit organization that helps disadvantaged kids in communities where The Connor Group operates.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
09:17 - The power of thinking of assets as operating businesses
12:11 - Why process is so essential in the refining process for filtering ideas
15:05 - Why Larry looks to purchase train wreck operations, he can optimize at the highest possible rates
17:51 - How utilizing counter-cyclicality is vital to outperformance
20:36 - Why you should position your business to grow during economic turmoil
21:33 - Why to think of failure as a learning experience and why failing is necessary to have exceptional returns
32:51 - The importance of people, plan, process, and perseverance in the success equation
35:30 - The importance of treating employees as owners and how Larry successfully aligned incentives
39:14 - Why being unconstrained from conventional thinking is so important
44:19 - Why long-term thinking has been so powerful for building conviction during economic downturns and how that long-term thinking has been vital to success
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow Larry Connor on LinkedIn.
Learn more about Larry Connor here.
Follow Kyle on Twitter 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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
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HELP US OUT!
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On today’s episode, Clay reviews the wonderful book — Am I Being Too Subtle by Sam Zell.
Sam Zell has an impressive background, having started his career in real estate in the late 1960s.
He was the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam made many bold moves and investments, earning him a reputation as a savvy and fearless investor. One of Sam’s most notable achievements was his role in creating the modern-day real estate investment trust (REIT) industry. He did this by founding Equity Office Properties Trust in 1997, which became the largest office REIT in the United States. In 2007, he sold the company for a record-breaking $39 billion.
Just prior to passing away on May 18th, 2023, Sam had his final recorded interview with The Investor’s Podcast Network.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
07:38 - The story of Sam’s family escaping Poland in 1939 to head to the United States.
12:08 - Sam’s early entrepreneurial and real estate ventures.
28:15 - How Sam got the nickname as ‘The Grave Dancer’ within the real estate industry.
32:46 - Sam’s investment criteria when buying real estate.
33:36 - How Sam capitalized on finding bargains outside the real estate industry.
50:56 - An overview of Zell’s record-breaking deal in 2007.
59:12 - Sam’s critical insights into building a great culture.
01:06:54 - Sam’s key business principles that helped him become a billionaire.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Sam’s book.
Related Episode: Listen to TIP552: Mastering The Art of Investing: A Deep Dive w/ Sam Zell, or watch the video.
Follow Clay on Twitter.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
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HELP US OUT!
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Alex Leishman discusses River's recent report on the 30% growth in business Bitcoin adoption, detailing trends in cross-border payments, treasury management, and the unique ways businesses are integrating Bitcoin. He also touches on River's major new service, the importance of proof of reserves, and shares insights on how companies can navigate volatility in the crypto space.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:46 - Why Bitcoin adoption among businesses grew by 30% in just one year
12:37 - How private companies are outpacing public firms in Bitcoin holdings
14:53 - The future growth trajectory of business Bitcoin holdings through 2026
15:54 - Three key areas where Bitcoin adds value for businesses beyond treasury management
27:34 - River’s new service offering interest on FDIC-insured cash deposits
30:05 - What big banks may misunderstand in the coming Bitcoin bull cycle
32:12 - How Alex Leishman stays balanced and his personal hobbies outside of work
34:26 - Top advice for newcomers to the cryptocurrency space
35:55 - Strategies for managing the volatility of Bitcoin
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Check out River’s Exchange Services.
River’s recent report on Corporate Bitcoin Adoption.
Alex on X (Twitter).
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
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Vanta
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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In today’s episode, William Green chats with Jason Zweig about his updated & revised edition of Benjamin Graham’s The Intelligent Investor, which Warren Buffett describes as “by far the best book on investing ever written.” Jason, who also writes the Wall Street Journal’s Intelligent Investor column, explains why Graham’s classic book still holds vitally important lessons for today’s investors. He also shares what he’s learned from interviewing Buffett & Charlie Munger.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:33 - How Jason Zweig tackled the “honor & burden” of revising The Intelligent Investor.
11:06 - How Ben Graham’s 4 core principles can help you to invest intelligently.
25:24 - What a sudden plunge in Japanese stocks shows about the craziness of markets.
27:56 - What Jason views as the most important paragraph ever written about investing.
32:42 - How Warren Buffett & Bill Miller profit from being “inversely” emotional.
33:57 - How regular investors can win by tuning out Wall Street’s propaganda.
39:15 - Why you must decide if you’re an “enterprising” or “defensive” investor.
44:40 - Why maintaining a “margin of safety” matters more than anything.
48:40 - Why Jason believes index funds should form the base of your portfolio.
52:52 -Why it’s so hard to pick the tiny minority of “superstocks.”
1:00:21 - What dooms the vast majority of fund managers to underperform.
1:14:33 - How Graham’s most successful investment violated his own principles.
1:33:01 - What life lessons Jason learned from Graham, Buffett, & Charlie Munger.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Jason Zweig’s website.
Benjamin Graham’s The Intelligent Investor, revised and updated by Jason Zweig.
Jason Zweig’s book on neuroeconomics, Your Money and Your Brain.
Jason Zweig’s satirical survival guide to Wall Street, The Devil’s Financial Dictionary.
William Green’s previous podcast episode with Jason Zweig | YouTube Video.
William Green’s podcast episode with Christopher Begg | YouTube Video.
William Green’s podcast episode with Peter Keefe | YouTube Video.
William Green’s book, “Richer, Wiser, Happier” – read the reviews.
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?
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Connect Invest
Bluehost
TastyTrade
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Public
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HELP US OUT!
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On today’s episode, Clay is joined by Derek Pilecki.
Derek is a managing member and portfolio manager at Gator Capital Management, which manages Financials sector long/short portfolios for private partnerships and mutual funds. Since its inception in July 2008, Gator Capital has compounded capital at 21.0% per annum versus 11.8% for the S&P 500 over the same time period.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:48 - Derek’s experience of launching a financials-focused fund 10 weeks before the collapse of Lehman Brothers.
12:13 - Derek’s advice to aspiring hedge fund managers.
14:30 - How Derek achieved a return of 186% in 2009.
14:30 - What led Derek to purchase General Growth Properties, whose stock increased by 20x in less than one year.
23:25 - Why Warren Buffett likes financial companies, especially the big banks.
27:38 - Why Derek puts his focus on financial companies.
33:36 - How banks can create a sustainable competitive advantage in their market.
36:08 - Why First Citizens Bancshares is Derek’s top position in his fund.
46:44 - An update on the current market conditions for banks.
50:21 - How a high inflation environment would impact banks.
52:53 - Why Derek is long Robinhood.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Derek’s fund: Gator Capital.
Derek’s letters.
Related Episode: Listen to TIP634: Value Investing Fundametals w/ John Huber, or watch the video.
Follow Derek on Twitter.
Follow Clay on Twitter.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
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Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
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Shopify
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!
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In this episode, Allen shares his thoughts on the Saifedean vs. Saylor debate on borrowing against Bitcoin, the role of stablecoins in expanding fiat, and their underlying protocols. He also delves into the risks of stablecoins compared to traditional bank accounts and highlights current technical risks in the crypto space. Allen gives his take on free speech and technologies like Nostr and discusses the growing custody and derivatives activity with institutions like BNY Mellon and IBIT.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:26 - Allen’s perspective on the Saifedean vs. Saylor debate regarding borrowing against Bitcoin.
05:55 - Why stablecoins may or may not be more risky than traditional bank accounts.
10:26 - How stablecoins might help in the expansion of fiat currencies globally.
14:46 - Technical risks that Allen is currently concerned about in the crypto space.
27:19 - Whether stablecoins require protocols like Tron or Solana for long-term functionality.
31:51 How institutional involvement is changing the crypto landscape, from custody to derivatives.
39:48 - Allen’s views on free speech, Nostr, and supporting technologies for Bitcoin.
45:48 - The significance of BNY Mellon’s custody services and the approval of derivatives for Bitcoin.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Allen's (X) Twitter Account.
Allen on Nostr.
Allen’s book: Bitcoin Is Venice: Essays on the Past and Future of Capitalism.
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.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
Public
Facet
SimpleMining
Bluehost
ReMarkable
Vanta
Shopify
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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In today's episode, Stig Brodersen outlines 10 things he has learned about investing since he started The Investor’s Podcast in 2014. In the second segment of the show, Clay Finck joins to discuss his top takeaways from his investing career.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:12 - Why you should be careful who you listen to about stock investing.
07:45 - Why you should not screen for stocks.
08:29 - Why Stig’s circle of competence is getting smaller.
11:31 - Why Stig do not read as many investing books as he used to.
16:05 - Why you should set up guardrails for yourself.
19:36 - Why you shouldn’t look at your track record more than once per year.
20:17 - Why you shouldn’t only have public equities in your portfolio.
31:23 - Why you should run your track record 1,000 times.
32:53 - How one could think about position sizing.
35:59 - What are the implicit assumptions?
45:43 - What Clay learned about investing.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Stig’s blog post on his portfolio and track record since 2014.
Stig and Clay’s podcast episode on Stig’s return since 2014.
Criteria of companies in the UK that Stig is interested in buying.
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?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
SPONSORS
Support our free podcast by supporting our sponsors:
River
7-Eleven
Toyota
Daloopa
TastyTrade
The Bitcoin Way
Connect Invest
Fundrise
American Express
Miro
Onramp
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On today’s episode, Clay is joined by Professor Hendrik Bessembinder to discuss his renowned research on the performance of individual stocks.
Professor Bessembinder is a finance professor at Arizona State University, and his research titled, ‘Do Stocks Outperform Treasury Bills?’ has been referenced many times on the show. As a frequent speaker at conferences, financial markets, and universities around the world, Professor Bessembinder has more than 25 years of successful consulting experience, providing strategic advice and analysis for major firms, financial markets, and government agencies.
IN THIS EPISODE YOU’LL LEARN:
01:58 - Why most stocks lose money in the long run.
10:26 - What level of asymmetry exists in the stock market.
12:47 - Why stocks continuously outperform treasury bills over long time periods.
15:02 - What the average drawdown for a high-performing stock is.
20:57 - The common characteristics of the biggest stock market winners.
34:28 - What it takes to be a stock picker in today’s market.
45:17 - What the best-performing stocks are since 1925.
51:48 - Whether there is skewness in international stocks to the same degree as US stocks.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Hendrik’s most well-known paper, Do Stocks Outperform Treasury Bills?
Hendrik’s research.
Related Episode: Listen to TIP654: Investing Across the Lifecycle w/ Aswath Damodaran, or watch the video.
Related Episode: Listen to TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer, or watch the video.
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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!
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm - Mostra di più
