William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the Richer, Wiser, Happier podcast: Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty & handle the emotional challenges of investing in turbulent times. William adds his own observations, drawing on his conversations with these great investors & with legends like Sir John Templeton, Peter Lynch, & Charlie Munger.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:34 - How a disastrous investment taught Joel Greenblatt that anything can happen.

10:34 - What Fidelity legend Peter Lynch learned from a shocking setback early in his career. 

12:06 - How to protect ourselves from uncertainty, bad luck, & our own analytical mistakes.

12:49 - Why Howard Marks warns that you shouldn’t push the limits if you want to avoid ruin.

14:48 - How Joel Greenblatt deals with mistakes by learning from them, then moving forward.

28:08 - How Joel handles the “kick in the stomach” when an investment goes wrong.

35:02 - How to succeed by taking advantage of the wild emotional mood swings of the crowd.

38:30 - Why stock pickers must learn to value businesses, buy at a discount, & then wait.

40:17 - How Bill Miller handles the discomfort of brutal losses during the most turbulent times.

43:00 - What Bill advises regular investors to do so they can endure the pain of market mayhem. 

44:33 - Why Howard Marks says we need to be honest about our tolerance for risk & loss.

46:06 - How the best investors diversify or concentrate in ways that suit their temperament. 

50:07 - Why Howard believes that “emotion is the greatest enemy of superior investing.”

52:35 - How Sir John Templeton thrived by hunting for bargains in the most-hated markets.

1:00:41 - Why Howard Marks thinks he was wrong to be a “knee-jerk skeptic” about Bitcoin.

1:03:30 - How to safeguard against our own biases, hubris, & overconfidence.

1:08:58 - Why François Rochon is convinced that it’s rational to be optimistic about the future.

1:10:51 - What history shows about mankind’s extraordinary ability to find solutions to its problems.

1:21:31 - Why Warren Buffett says that bad news is an investor’s best friend.

1:23:23 - Why Buffett regards babies being born in America today as “the luckiest crop in history.”

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Listen to William's interview with Ray Dalio, The Changing World Order - TIP410, or watch the video.
• Listen to William’s interview with Joel Greenblatt, How to Win the Investing Game - RWH003, or watch the video.
• Listen to William’s interview with Bill Miller, Investing Legend Bill Miller on Amazon, Bitcoin, & Buffett - RWH007, or watch the video.
• Listen to William’s interview with Howard Marks, Investing Wisely In An Uncertain World - RWH002, or watch the video.
• Listen to William’s interview with François Rochon, The Best of the Best - RWH016, or watch the video.
• Berkshire Hathaway’s 2015 annual report, featuring Buffett’s optimistic view of the future.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• Follow William Green on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Trey brings back financial historian, Jamie Catherwood. Jamie is a Client Portfolio Specialist at O'Shaughnessy Asset Management and the author of the popular blog, Investor Amnesia.

Trey and Jamie discuss the historical viewpoint on a post-bubble world, the impact of 1800s markets on our current market outlook, and more.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:45 - How markets from the 1800’s can inform how we view our market today.

13:27 - How the frauds of today like FTX draw similarities to frauds of the past.

31:00 - How the crypto market resembles the early days of the stock market.

40:32 - Why market regulations developed in the US.

54:10 - Where the term “bankruptcy” comes from.

55: 30 - Other fascinating facts and stories from the past.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Investor Amnesia Website.
• Sunday Reads Blog.
• Osam Paper on The Great Inflation.
• Related Episode: Listen to Jamie Catherwood, The History of Bubbles, Mania & Fraud–TIP427 or watch the video.
• Trey Lockerbie's Twitter.
• Jamie Catherwood's Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh is joined by Bitcoin Lightning expert Justin Rezvani. Justin is a Forbes 30 under 30 and has some fascinating stories as a tech entrepreneur.

Justin discusses how he sees the creator economy evolving with immediate settlement happening on the Lightning Network, and how people are going to be compensated for holding their own data and content instead of the big platform owners.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:15 - Justin's background as an entrepreneur.

01:20 - Justin's advice for young entrepreneurs.

06:46 - How Justin found Bitcoin.

06:46 - Justin's new application, Zion, and how it fits into decentralized social media.

09:52 - How Justin became familiar with the Lightning Network.

11:50 - Justin's opinions about the Creator Economy at large.

26:28 - Decentralized Web Nodes and Web 5.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Justin's Twitter Account.
• Justin's Social Application: Zion.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Clay reviews Guy Spier’s book, The Education of a Value Investor. Guy Spier is a renowned hedge fund manager who has beaten the S&P 500 by almost 250 percentage points since launching the Aquamarine Fund in 1997. He has also been a guest on We Study Billionaires several times, including episode #14 released all the way back in 2014.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:27 - Guy’s story and background, and the critical mistakes he learned from the journey.

06:39 - How studying Tony Robbins and Warren Buffett changed his life.

19:48 - How writing handwritten letters helped Guy forge and develop extremely valuable and fulfilling relationships.

23:20 - What led Guy to purchase a charity lunch with Warren Buffett.

43:54 - What he learned from experiencing the great financial crisis as a fund manager.

51:45 - Why Guy values fulfillment and a life well-lived over money.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaires episode covering The Dhandho Investor by Mohnish Pabrai or watch the video.
• Learn how to value a company by tuning into our review of The Little Book of Valuation by Aswath Damodaran or watch the video.
• Related Episode: Listen to Guy Spier, The Education of a Value Investor–TIP014 or watch the video.
• Related Episode: Listen to Investing and Life Masterclass w/ Guy Spier–TIP414 or watch the video.
• Related Episode: Listen to How to Build Enduring Wealth w/ Guy Spier–RWH009 or watch the video.
• Guy Spier’s book: The Education of a Value Investor.
• William Green’s book: Richer, Wiser, Happier.
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get insider access to the people and ideas at the edge of innovation with the chart-topping podcast from venture capital firm Andreessen Horowitz, The a16z Podcast.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Trey chats with Eddy Elfenbein, a portfolio manager and editor of the blog Crossing Wall Street. They discussed his Buy List for 2022 and reviewed his list for 2023. Eddy's 'Buy List' has beaten the S&P 500 by 102% over the last 17 years.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:08 - How the 2022 list performed during one of the worst stock market years on record.

06:12 - Which five stocks Eddy swapped out for 2023 and why.

20:58 - Which stock performance surprised Eddy the most.

39:07 - An overview of the 2023 list and which stocks the TIP finance tool considers to be the most undervalued.

47:39 - Eddy’s thoughts on the markets. 

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• The Buy List for 2023.
• Crossing Wall Street Blog.
• Eddy Elfenbein's Twitter.
• ETF (Ticker: CWS) information.
• Trey Lockerbie's Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get insider access to the people and ideas at the edge of innovation with the chart-topping podcast from venture capital firm Andreessen Horowitz, The a16z Podcast.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Lyn Alden and Alyse Killeen talk about all the emerging businesses and ideas currently happening in the Bitcoin Lightning Network and where they see the space moving in the coming 12 to 24 months.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:12 - What are most important things that Lyn and Alyse are tracking going into 2023?

03:59 - What is the current state of the Bitcoin Lightning Network?

15:36 - How do they see stable coins versus CBDCs progressing in the coming year?

15:36 - Thoughts on Taro and whether it's a distraction to Bitcoin.

38:52 - Lyn's thoughts on inflation in places like Egypt and Argentina.

43:55 - Lyn's thoughts on the dollar and Global M2.

01:05:51 - What's one of the most exciting things happening in the VC space?

01:05:51 - How do Lyn and Alyse think about intrinsic value in the VC space?

01:19:30 - Lyn's thoughts on the changes to how CPI is calculated.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Lyn's Macro Research Site.
• Lyn's Twitter.
• Alyse's Twitter.
• Alyse's Fund Stillmark Capital.
• Lyn's Fund Ego Death Capital.
• Related Episode: Listen to TIP491: Macro and the Energy Market w/ Lyn Alden, or watch the video.
• Related Episode: Listen to BTC042: Supply Chain Impacts & Bitcoin Discussion w/ Lyn Alden, or watch the video.
• Related Episode: Listen to BTC031: Investment in Bitcoin Tech w/ Alyse Killeen, or watch the video.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get insider access to the people and ideas at the edge of innovation with the chart-topping podcast from venture capital firm Andreessen Horowitz, The a16z Podcast.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today’s episode, Clay reviews Mohnish Pabrai’s book, The Dhandho Investor. Mohnish is one of our very favorite investors to study here at TIP as we’ve interviewed him for the podcast multiple times in the past. Since its inception in 2000, Mohnish’s flagship fund has achieved a return of 781% to his investors net of fees versus 378% for the S&P 500. 

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

05:19 -The story of the Patels, who went from owning nothing in the US, to owning over 50% of the motel industry.

11:33 - The 9 Dhandho investment principles.

14:24 - How Dhandho investors are able to earn outsized returns with minimal risk.

25:09 - How to identify bargains in the market.

32:17 - The relationship between investing and gambling.

39:17 - Clay’s analysis on Mohnish’s largest US equity holding today.

49:46 - Mohnish’s investing checklist he uses prior to purchasing a company.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaires' episode covering The Little Book of Valuation by Aswath Damodaran or watch the video.
• Listen to the episode on Warren Buffett's Money Mind or watch the video.
• Related Episode: Listen to Investing in Stocks w/ Mohnish Pabrai - TIP442, or watch the video.
• Related Episode: Listen to Berkshire's Purchase of TSM & Meta "Doomsday" Analysis - TIP508, or watch the video.
• Mohnish Pabrai’s book: The Dhandho Investor.
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Trey invites Patrick Carroll, the founder and CEO of Carroll, which is a multi-billion dollar real estate investment firm. Patrick is a self-made entrepreneur with boundless ambition and has built his empire from scratch. Together they discuss today’s real estate markets and so much more!

Patrick has risen from the school of hard knocks to become the success he is today.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:47 - Today’s real estate markets and how they eerily resemble 2008.

14:50 - How real estate investors and more importantly, lenders, are navigating the current landscape.

22:34 - Why multi-family is looked at as the least risky real estate asset. 

36:39 - Why a large majority of Gen Z’ers are living with their parents and how the $68 trillion dollar wealth transfer from baby boomers will affect the real estate market. 

44:10 - What indicators Patrick relies on. 

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Carroll Website.
• Carroll's Twitter.
• Patrick Carroll's Linkedin.
• Trey Lockerbie's Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Preston Pysh interviews Lyle Pratt, an entrepreneur of multiple successful businesses, and a telecommunications and spam expert. They talk about the intersection of the Bitcoin Lightning Network and how it offers a solution to the worsening spam and bots that litter our social media and phone calls.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:18 - Lyle's background as an entrepreneur founding Better Voice.

06:22 - The history of VOIP and how it relates to Bitcoin today.

06:22 - The 402 payment required in the SIP protocol.

10:24 - Lyle's story about finding Bitcoin at the intersection of telecommunications.

12:09 - What was the top thing he took away from successfully building and selling his first company?

14:15 - Lyle's newest company, Vida.

14:22 - Lyle discusses the basics of spam and why it's so prevalent.

24:53 - Spam can become worse with more decentralization.

35:42 - What does the Lightning Network bring to this problem?

54:54 - What Jiu-Jitsu and Bitcoin have in common.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Lyle Pratt's Twitter Account.
• Lyle Pratt's Nostr Account.
• Lyle's Company, Vida.
• Related Episode: Listen to BTC111: Nostr - Decentralized Social Media & Bitcoin w/ William Casarin, or watch the video.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.
• Take stock of your finances and investing strategy with Betterment.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Let an expert do your taxes from start to finish so you can relax with TurboTax.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

00:00 - Intro

05:11 - Aswath’s two primary methods for valuing a company.

05:40 - The general truths about valuations that investors should understand.

12:38 - The four most basic inputs to valuing a company.

19:37 - How to go about setting an appropriate growth rate in our valuations.

34:11 - Additional considerations in performing valuations such as a company’s intangible assets.

47:09 - Clay’s intrinsic value assessment of Williams-Sonoma (Ticker WSM).

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune in to We Study Billionaires' recent episode about Warren Buffet's Money Mind, or watch the video.
• Listen to Clay Finck's deep dive on Peter Lynch and his book, One Up on Wall Street, or watch the video.
• Aswath Damodaran’s books: The Little Book of Valuation, The Dark Side of Valuation, & Applied Corporate Finance
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Send, spend, and receive money around the world easily with Wise.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:31 - How Inflation has been winning the tug of war with Deflation, but not for long.

23:58 - The importance of the velocity of money.

29:12 - How supply chains have evolved and who we’ve ended up where we are. 

55:18 - How China’s power has peaked.

57:26 - The need for sound money.

And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Jim Rickards' new book: Sold Out: How Broken Supply Chains, Surging Inflation, Political Instability Will Sink the Global Economy.
• Related Episode: Listen to TIP233: Jim Rickards on Central Banks, QT, QE, & the FFR, or watch the video.
• Connect with Jim Rickards on Twitter.
• Connect with Trey Lockerbie on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Send, spend, and receive money around the world easily with Wise.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We interview and study famous financial billionaires including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.

We Study Billionaires is the largest stock investing podcast show in the world with 100,000,000+ downloads and is hosted by Stig Brodersen, Trey Lockerbie, and Clay Finck.

This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space.To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - intro

01:37 - What's the mastermind's thoughts on FTX and SBF?

10:22 - What's happening with Gemini, DCG, Genesis, & GBTC?

14:37 - What's the group's thoughts on Binance?

15:04 - Why is a risk assessment of counterparts risk so important?

15:04 - Thoughts on liquidity and how to use it to understand volatility limits.

22:30 - An overview of Fixed Income Markets and High Yield Debt.

41:39 - Thoughts on inflation and what it might trend towards in 2023.

58:16 - The 30-year versus the 3-month and what that means for FED policy moving forward.

01:15:46 - Is China demand coming back online?

01:25:33 - What potentially causes a final capitulation for this cycle (will there even be one)?

01:31:05 - What to expect from the price of Bitcoin in 2023.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Joe Carlasare's Twitter.
• Steven McClurg's Twitter.
• Jeff Ross's Twitter.
• Joe's legal practice.
• Steven's Valkyrie Investments.
• Jeff's Investment Management Fund: Vailshire Capital.
• Related Episode: Listen to Bitcoin Mastermind Discussion w/ Joe Carlasare, Jay Gould, & Jeff Ross - BTC078 or watch the video.
• Related Episode: Listen to Bitcoin Round Table w/ Joe Carlasare, Jeff Ross, and Jay Gould - BTC070 or watch the video.
• Related Episode: Listen to FED Policy, Bitcoin ETFs, & Euro Dollar Impacts w/ Steven McClurg – BTC088 or watch the video.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Send, spend, and receive money around the world easily with Wise.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:54 - What it means to have a “Money Mind”.

10:08 - How Warren's father’s Libertarian viewpoints rubbed off on Warren’s business mind.

24:29 - How Buffett continued to evolve as an investor as the investment landscape changed.

29:24 - Tom Gayner’s description of the three stages of value investing that has played out over time.

36:15 - How Bill Miller helped value investors realize that value is sometimes found in the most unexpected places.

45:04 - How Buffett’s mindset differs from that of academics.

45:23 - Why Buffett views stock market volatility as an opportunity rather than the risk in a company.

50:21 - Why investors focused on the process rather than the outcome are better positioned to succeed in the long run.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune in to the recent We Study Billionaires' episode covering Peter Lynch.
• Learn about Buffett's Purchase of TSM & Meta "Doomsday" Analysis.
• Robert Hagstrom’s books: Inside the Ultimate Money Mind, The Warren Buffett Way, & The Warren Buffett Portfolio.
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Send, spend, and receive money around the world easily with Wise.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.

14:22 - How he handles the pain & discomfort of difficult periods in the stock market.

31:52 - Why he thinks Tesla’s stock is overvalued & what he thinks it’s really worth.

35:20 - Why it’s critical for investors to be skeptics who never let down their guard.

43:56 - What insights he drew from studying Benjamin Graham & writing a book about him.

51:44 - How Fred applies a consistent three-step process to every business he analyzes.

54:34 - How to win as an investor by waiting for intrinsic value & the stock price to “true up.”

01:02:25 - Why he regards a legendary free soloist climber as the world’s greatest risk manager.

01:11:43 - How flying planes has helped Fred to refine his understanding of the margin of safety.

01:16:02 - Why he’s given three younger colleagues the authority to veto his stock picks.

01:24:26 - Why he “seals the exits” before buying a stock, assuming that he’ll own it forever.

01:34:29 - Why fund managers should sacrifice their own interests for the sake of their clients. 

01:37:56 - What advice he’d give to people who are looking to hire an investment adviser.

01:42:09 - Why he believes that relationships & purpose are the two most important things in life.

01:45:48 - What he’s done to build good health, so that he’s still going strong at age 76.

01:47:24 - How his religious faith has made him a better investor & a better steward of assets.

01:50:10 - What he’s learned about how to endure sorrow & tragedy.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Fred Martin’s investment firm, Disciplined Growth Investors.
• Fred Martin’s mutual fund, the Disciplined Growth Investors Fund. 
• Benjamin Graham and the Power of Growth Stocks, co-authored by Fred Martin
• The Psychology of Money: An Investment Manager’s Guide to Beating the Market by Jim Ware
• Free Solo, an Oscar-winning documentary about legendary climber Alex Honnold.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 03:54 - How today’s inflation compares to 1970 with Jeremy Grantham.
• 07:52 - Why Michael Mauboussin says you have to earn the right to use a valuation multiple.
• 13:17 - How energy impacts inflation with Josh Young.
• 31:55 - Why investors should consider microcaps with Ian Cassell.
• 38:40 - The vindication of the dollar milkshake theory with Brent Johnson.
• 47:15 - Market indicators from Dan Rasmussen, Joe Brown, and a lot more.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Trey Lockerbie's Twitter.
• Related Episode: The Top of the Cycle w/ Jeremy Grantham– TIP371.
• Related Episode: The Dollar Milkshake Theory Update w/ Brent Johnson - TIP397.
• Related Episode: Expectations Investing w/ Michael Mauboussin – TIP421.
• Related Episode: What Is Happening With Oil? w/ Josh Young - TIP429.
• Related Episode: Indicators for Crisis Investing w/ Dan Rasmussen - TIP455.
• Related Episode: Why Microcaps Have the Best YTD Performance w/ Ian Cassel - TIP480.
• Related Episode: Market Indicators, Cbdc’s and Real Estate w/ Joe Brown - TIP507.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:54 - So what is Nostr?
• 03:50 - It seems like the protocol is optimized around simplicity, is that it?
• 06:30 - What does this look like 5 years from now?
• 10:38 - What other application might pop out of this?
• 16:19 - What are all these clients interfacing with the protocol?
• 26:11 - What concerns do you have about open speech on sexual, racial, or explicit things?
• 28:06 - How do you remove centralized servers with something like this?
• 33:45 - Can traditional social media companies benefit from using Nostr?
• 38:24 - What would someone's incentive be to run their own relay?
• 45:46 - How does this all tie into Bitcoin?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• More information about Nostr.
• William Casarin's Nostr Account Pub Key: npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s.
• William's Damus App webpage.
• William's Twitter.
• Astral.Ninja (for creating a Nostr Account).
• Verifying your Nostr Account: NostrVerified.com.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 05:27 - How everyday people can actually have an advantage investing in stocks over those on Wall Street.
• 13:15 - Lynch’s stock investing philosophies and methods.
• 26:41 - How he categorizes the stocks he invests in, in order to manage expectations.
• 34:58 - What to look for when searching for a great company to invest in.
• 37:48 - Why you should avoid companies that fall prey to what he calls diworsification.
• 53:21 - The most common mistakes new investors make.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaires' episode covering Buffett's Purchase of TSM & Meta "Doomsday" Analysis.
• Learn about the How Jeff Bezos Built Amazon.
• Peter Lynch’s books: One Up on Wall Street, Beating the Street, & Learn to Earn.
• Related Episode: Stig and Preston discuss One Up On Wall Street By Peter Lynch.
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• If you’re a sales professional, get every real-time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 01:19 - How to live a life with integrity.
• 01:38 - How to live a life with honesty.
• 18:06 - How to live a life that is true to your personality.
• 23:39 - What it means to be “poor rich.”
• 38:20 - Why what we envy from rich people is independence.
• 01:03:38 - How to live a life of subtraction and not of complexity.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• William Green’s book, Richer, Wiser, Happier – read reviews of this book.
• Our conversation with William Green about Richer, Wiser, Happier.
• Our conversation with William Green about The Great Minds of Investing. 
• Check out William Green’s show, Richer, Wiser, Happier.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Send, spend, and receive money around the world easily with Wise.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Give your family and friends Omaha Steaks, a gift that will be remembered with every unforgettable bite. Use promo code WSB at checkout to get that EXTRA $30 OFF your order.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:45 - Oakmark’s framework for navigating the current market.
• 12:09 - Bill’s updated thoughts on Meta and Bank of America.
• 22:18 - How the Warner Discovery merger has caused a lot of confusion in the market that may now have resulted in a severely undervalued stock.
• 36:07 - How Lithia motors are quietly capitalizing on the used car market and its newer DTC platform.
• 39:10 - How Lithia compares to competitors such as Carvana who’s stock has nearly crashed completely.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Oakmark Website.
• Oakmark Commentary.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Send, spend, and receive money around the world easily with Wise.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Give your family and friends Omaha Steaks, a gift that will be remembered with every unforgettable bite. Use promo code WSB at checkout to get that EXTRA $30 OFF your order.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:53 - What is Nostr and why is it so important to Bitcoin and free speech?
• 05:31 - Japan adjusting their YCC peg to a higher yield and what that means.
• 26:27 - What impact does Japan's move have on other economies?
• 28:47 - How does James see 2023 playing out?
• 29:38 - Will the potential disinflation in the US help lower prices in Europe?
• 32:42 - What's causing the inflation in the EU and is it solvable?
• 34:56 - Paper Bitcoin and the impacts moving forward after the FTX situation.
• 39:56 - China and it's COVID policy as it relates to global demand and inflation.
• 45:38 - Is the US getting ready to go through disinflation?
• 54:48 - What are some things happening in the Bitcoin space that excites James the most?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• More information about Nostr.
• Jame Lavish's Newsletter.
• Jame's Twitter.
• Related Episode: The Debt Spiral Defined w/ James Lavish - BTC093.
• Related Episode: Japanese Yield Curve Control, Oil, & Bitcoin Macro w/ James Lavish - BTC084.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Send, spend, and receive money around the world easily with Wise.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Give your family and friends Omaha Steaks, a gift that will be remembered with every unforgettable bite. Use promo code WSB at checkout to get that EXTRA $30 OFF your order.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 03:36 - TSM’s business model and competitive advantages.
• 07:13 - All about the critical role semiconductors play in our overall economy.
• 17:15 - Potential risks of investing in TSM.
• 18:11 - The geopolitical tensions that are brewing with the US restricting China’s access to the global semiconductor market.
• 31:00 - What drives the stock’s return in the long run.
• 31:42 - The highlights from the Graham and Dodd Annual Breakfast.
• 37:01 - Why Intel and Meta’s stock might be undervalued.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaire’s episode covering How Jeff Bezos Built Amazon.
• Learn about the Story of Airbnb.
• Jordan Schneider’s Article: Choking Off China’s AI Access.
• ValueStockGeek’s writeup on Intel.
• Aswath Damodaran’s analysis on Meta.
• Write-up on the Graham and Dodd Annual Breakfast.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today – 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.
• Send, spend, and receive money around the world easily with Wise.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Give your family and friends Omaha Steaks, a gift that will be remembered with every unforgettable bite. Use promo code WSB at checkout to get that EXTRA $30 OFF your order.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 04:04 - How John Spears became obsessed with investing when he was 12 years old.
• 11:34 - How skipping school to meet an investing legend set him on a path to success.
• 16:07 - How a catastrophic early investment humbled John & taught him to be more prudent.
• 24:12 - Why he focuses intensely on tracking insider buying of cheap stocks by top executives.
• 27:28 - What he learned by studying Ben Graham & teaching himself to buy cheap stocks.
• 32:42 - How Warren Buffett bought his stake in Berkshire Hathaway through Tweedy, Browne.
• 41:54 - What it was like sharing an office with another fabled investor, Walter Schloss.
• 50:12 - Why John owns high-quality compounders like Heineken & Nestle, which aren’t cheap.
• 52:01 - What empirical research has taught him about the strategies that work best over time.
• 1:01:29 - Why we should focus on achieving “satisfactory” returns, not shooting the lights out.
• 1:08:40 - Why it’s wise to avoid a lot of debt, live within your means, & keep ample cash reserves.
• 1:12:02 - Why we should diversify overseas, maximizing our odds of finding undervalued stocks. 
• 1:13:36 - How John thinks about investing in foreign markets like China, the U.K., & Switzerland.
• 1:20:40 - Why he prefers to own a “dull old” stock like Tesco, instead of something sexier & riskier. 
• 1:27:42 - What factors have contributed to him having a happy life.
• 1:38:01 - How the principles he learned as a Quaker have influenced the way he lives & works.
• 1:50:36 - Why he regards capitalism as a powerful force for good.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tweedy, Browne’s research papers on what’s worked in investing over the long run.
• The Tweedy, Browne International Value Fund.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Be an Atakama investor today and help protect customer privacy in the face of endlessly growing data breaches.
• Send, spend, and receive money around the world easily with Wise.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 05:56 - Indicators that Joe watches to forecast market moves.
• 13:19 - Why the Fed pivot might take much longer than many current estimates.
• 14:56 - How the Fed could use $2T in reverse repos to provide liquidity before needing to lower interest rates.
• 27:49 - CBDCs and how they compare to bitcoin, Ethereum and others.
• 55:39 - The real estate market in the US.
• 60:40 - Household financial health. 
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Heresy Financial Youtube.
• Financial Heresy Podcast.
• The Forgotten Depression by Jim Grant.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Be an Atakama investor today and help protect customer privacy in the face of endlessly growing data breaches.
• Send, spend, and receive money around the world easily with Wise.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:36 - What are some of the most important things happening in the Bitcoin space right now?
• 08:18 - Thoughts on paper Bitcoin and the impacts moving forward.
• 14:40 - Thoughts on GBTC discount to NAV.
• 29:19 - Pierre's thoughts on the Taro protocol from Lightning Labs.
• 31:02 - Why are so many people using other network for stable coins right now?
• 40:23 - Why moving stable coins onto the Bitcoin Lightning Network might not be the best use of time.
• 41:05 - Is ETH a regulatory capture at this point?
• 53:56 - Tax Loss Harvesting.
• 58:54 - FASB update to the treatment of Bitcoin on the balance sheet.
• 01:03:17 - Transaction fees in the future.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Morgen Rochard's Twitter.
• Morgen Rochard's new book - Bitcoin Personal Finance.
• Pierre Rochard's Twitter.
• Pierre's article on Bitcoin fees in the future.
• Morgen's financial planning company.
• Morgen and Pierre's Podcast: Bitcoin for Advisors.
• Related Episode: Talking with Your Advisor About Bitcoin w/ Morgen Rochard - BTC075.
• Related Episode: Bitcoin Time Stamping w/ Pierre Rochard - BTC095.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Be an Atakama investor today and help protect customer privacy in the face of endlessly growing data breaches.
• Send, spend, and receive money around the world easily with Wise.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 00:02:34 - How Jeff Bezos came to discover the incredible opportunities on the Internet in the early 1990s.
• 00:09:58 - How the regret minimization framework led Bezos to starting Amazon.
• 00:17:08 - How Amazon lost hundreds of millions of dollars from poor investments during the tech bubble.
• 00:33:28 - Amazon’s five core values.
• 00:46:30 - Why many companies were reluctant, yet eventually forced to work with Amazon to remain competitive.
• 00:47:45 - How Costco’s business model inspired Bezos to release Amazon Prime and keep his commitment to low prices.
• 00:56:48 - How AWS was created and the importance of it in Amazon’s continued success.
• 01:02:33 - Clay’s biggest takeaways from studying Jeff Bezos.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaires' episode covering The Airbnb Story.
• Learn about the How to Hedge Inflation.
• Brad Stone’s two interviews with The Investor’s Podcast - TIP142 & TIP362.
• Brad Stone’s books - The Everything Store, Amazon Unbound, & The Upstarts.
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Be an Atakama investor today and help protect customer privacy in the face of endlessly growing data breaches.
• Send, spend, and receive money around the world easily with Wise.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 01:08 - Why the interest rate is putting a price on time.
• 14:50 - Why John Law is the most extraordinary person in the history of finance.
• 19:00 - The history of the first experiment of easy money by a central bank.
• 35:36 - Why “2% return” has caused the issues we currently see and have caused multiple other booms and busts throughout time.
• 39:42 - What the natural level of interest rates are.
• 43:46 - Why irresponsible monetary policy has an impact on creative destruction and, in turn, productivity and wage growth.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Edward Chancellor’s book, The Price of Time – Read reviews of this book.
• Check the authenticity of any quote on Quote Investigator.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• A gourmet gift from Omaha Steaks is a gift from the heart – a gift your family and friends will surely remember with every unforgettable bite. Use promo code WSB at checkout to get $30 OFF your order.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:34 - How to apply probabilistic thinking when approaching investing.
• 14:26 - Will’s structure for the “perfect portfolio”.
• 32:29 - Why Uranium hasn’t performed as most hoped for in 2022.
• 40:11 - How the sustainable energy supply chain is struggling to achieve healthy margins.
• 54:58 - Assessing different types of risk including political risk.
• 1:00:04 - The stock pick that got Will accepted into the prestigious Value Investors Club (founded by Joel Greenblatt) and what stock he would pitch today.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Massif Capital Website.
• Will Thomson Twitter.
• Trey Lockerbie Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• A gourmet gift from Omaha Steaks is a gift from the heart – a gift your family and friends will surely remember with every unforgettable bite. Use promo code WSB at checkout to get $30 OFF your order.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:07 - What has been happening at Unchained Capital since the FTX blow-up?
• 07:13 - What are some of the most common concerns of Self-Custody?
• 12:47 - Why is Title and Possession such an important thing to cover with inheritance planning?
• 22:43 - The difference between non-probate assets versus probate assets.
• 28:38 - What are the risks of not properly performing inheritance planning?
• 30:15 - Checkbook IRA versus other methods.
• 39:59 - Legal and policy update after the FTX situation.
• 01:01:37 - Biggest mistakes people make in inheritance planning.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Unchained Capital.
• Information on the The McNulty Case.
• Jeff Vandrew's Twitter.
• Phil Geiger's Twitter.
• Related Episode: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew - BTC069.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• A gourmet gift from Omaha Steaks is a gift from the heart – a gift your family and friends will surely remember with every unforgettable bite. Use promo code WSB at checkout to get $30 OFF your order.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 04:38 - How Airbnb originally started and its keys to becoming a $60 billion company.
• 07:13 - Why getting into Y-Combinator was the critical turning point for Airbnb to get off the ground.
• 11:40 - How their transition to selling specialty breakfast food helped keep them from going bankrupt.
• 21:13 - Growth hacks Nate Blecharczyk used to help grow the company in the early days.
• 29:12 - Airbnb’s biggest hurdles and challenges to becoming a big tech player.
• 30:39 - Advantages Airbnb has over hotels in the hospitality industry.
• 33:55 - How Chesky ensured Airbnb would become a stronger business through the pandemic despite losing 80% of their business practically overnight.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaire’s episode covering the Hedging Inflation.
• Learn about Ray Dalio's Book - Big Debt Crises.
• Leigh Gallagher’s book: The Airbnb Story.
• Robert Leonard’s interview with Travis Zappia on Airbnb Short-Term Rental Investing.
• Tune into Clay Finck chatting with Rihard Jarc about Airbnb’s stock at the end of this episode.
• Follow Clay on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• A gourmet gift from Omaha Steaks is a gift from the heart – a gift your family and friends will surely remember with every unforgettable bite. Use promo code WSB at checkout to get $30 OFF your order.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today – 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours – with exceptional service and experts who meticulously tailor opportunities for you.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 06:06 - What Tsoknyi Rinpoche learned from his extraordinary father, Tulku Urgyen Rinpoche.
• 21:26 - Why it helps not to suppress, judge, or resist your emotions, but to be aware of them.
• 24:09 - How to “handshake” painful emotional patterns that Rinpoche calls “beautiful monsters.”
• 26:34 - What science shows about the power of acknowledging & accepting our feelings.
• 36:31 - What to do when these difficult emotions feel too intense & traumatic to handle.
• 45:03 - How to settle your mind & reduce stress with a simple belly-breathing technique.
• 48:41 - How to practice “calm abiding” by focusing with gentle awareness on your breath.
• 50:37 - How to ease up with the help of Rinpoche’s subversive mantra: “Who cares? So what?”
• 57:42 - How to meditate with open awareness, watching thoughts & emotions arise & pass.
• 1:04:36 - How our minds catastrophize & how to prevent this emotional tailspin.
• 1:06:41 - What science shows about how meditation improves our focus, calmness, & productivity.
• 1:07:45 - How to deal with the worry that we’re not productive enough & are always falling short.
• 1:10:17 - How to nurture an easy-going, light-hearted sense of “happiness without reason.”
• 1:11:11 - How compassion, love, & care emerge when we’re free from our emotional baggage.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• “Why We Meditate,” a new book co-authored by Daniel Goleman & Tsoknyi Rinpoche. 
• Daniel Goleman’s books “Emotional Intelligence,” “Altered Traits,” & “Focus.”
• Tsoknyi Rinpoche’s “Fully Being” online meditation course.
• Tsoknyi Rinpoche’s books “Open Heart, Open Mind” & “Carefree Dignity.”
• David Hawkins’ book “Letting Go.”
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William’s previous podcast with Daniel Goleman: “The Emotionally Intelligent Investor.”
• William Green’s Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Send, spend, and receive money around the world easily with Wise.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:30 - An overview of investment banking and private equity.
• 04:45 - Why you should consider allocating some of your portfolio to private equity.
• 07:35 - How the democratization of private equity is changing.
• 10:09 - How Darin got involved with Linqto and why it’s an important resource for investors.
• 24:30 - The mechanics of investing in private equity.
• 37:48 - The current environment for private equity and how billionaires like Howard Marks are navigating it.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Linqto Website.
• How Money Works Youtube.
• Trey Lockerbie Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Send, spend, and receive money around the world easily with Wise.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 05:50 - So what is the intended mission of these organizations (IMF and World Bank)?
• 25:16 - What is Structural Adjustment and why is the impact misunderstood?
• 30:17 - The story of Shrimp in Bangladesh and how it helps listeners understand Structural Adjustment.
• 40:25 - How and why countries that take on IMF loans are more likely to take on even more debt in the future.
• 44:55 - How poor countries are in essence subsidizing the abundance of rich countries while destroying their ability to be self-sufficient.
• 55:30 - Why the IMF and World Bank never found a dictator that they didn't like.
• 01:22:27 - How countries that have taken the most loans are also the countries that have the highest concentration of Bitcoiners.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Alex Gladstein's article: Structural Adjustment: How the IMF and World Bank Repress Poor Countries and Funnel Their Resources To Rich Ones.
• Alex's organization, the Human Rights Foundation.
• Alex Gladstein's Twitter.
• Sam Callahan's Twitter.
• Sam Callahan's company, Swan Bitcoin.
• Related Episode: Central Bank Digital Currencies Vs Bitcoin w/ Sam Callahan - BTC097.
• Related Episode: How Fiat Blinds Bitcoin's Importance w/ Alex Gladstein - BTC071.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Send, spend, and receive money around the world easily with Wise.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 01:24 - What are the primary drivers of inflation in 2022.
• 08:34 - How different asset classes perform during inflationary time periods.
• 21:45 - Why gold and cash flowing real estate can give good inflation protection.
• 25:36 - Why TIPS can help investors hedge against inflation.
• 36:39 - Warren Buffett’s advice on hedging inflation.
• 39:57 - Clay’s intrinsic value analysis of Adobe and Microsoft.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaires' episode covering Ray Dalio's thesis on the long-term debt cycle.
• Learn about the Lessons from Billionaire Howard Marks.
• Lyn Alden’s article: Investing During Stagflation and Four Simple Reasons to Buy Gold.
• Related Episode: Stig’s recent interview with Lyn Alden.
• Thomas Chua’s blog: Steady Compounding. 
• Ray Dalio’s books: Big Debt Crises & The Changing World Order.
• Check out William Green’s conversation with Ray Dalio here.
• Check out Preston and Stig’s overview of Big Debt Crisis here.
• Follow Clay on Twitter.

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Send, spend, and receive money around the world easily with Wise.
• Get personalized, expert advice that helps you see things clearly with ATB.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 02:36 - What is the Berkshire Hathaway Annual Shareholder’s meeting
• 30:19 - How do you attend the Berkshire Hathaway Annual Shareholder’s meeting
• 39:16 - What is the Intrinsic Value of Berkshire Hathaway, and how do you value the company
• 59:54 - What is the Intrinsic Value of Apple, and how do you value the company

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Sign up for the free events with The Investor’s Podcast Network.
• Read more about how to Attend the Berkshire Hathaway Annual Shareholder’s Meeting and the free events hosted by The Investor’s Podcast Network.
• Access TIP’s itinerary for the Berkshire meeting here.
• Register for the TIP events here.
• Contact Clay about the WhatsApp Group at clay@theinvestorspodcast.com.
• Stig Brodersen and Preston Pysh’s book, The Warren Buffett Accounting Book – Read reviews of this book. 
• Chris Bloomstran’s valuation of Berkshire Hathaway with Stig Brodersen.
• Adam Mead’s valuation of Berkshire Hathaway with Stig Brodersen. 
• Listen to Clay’s episode to learn more about how to value Apple.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 02:42 - David’s take on the current bear market and how to keep calm.
• 09:14 - Assessments of Netflix.
• 19:02 - The new era of Amazon.
• 31:26 - Assessments of Meta.
• 36:31 - Assessments of Apple
• 42:56 - Assessments of Hershey.
• 58:59 - How David and his brother Tom navigated their own business through previous recessions that resulted in laying off over 80% of their employees at one point.
• 1:04:42 - How David approaches learning and teaching his family about investments and life.
• 1:12:38 -The new Motley Fool Ventures and Foundation endeavors.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• The Motley Fool Website.
• The Rational Optimist by Matt Ridley Book.
• You Have More Than You Think Book.
• Rule Breaker Investing Podcast.
• Trey Lockerbie Twitter.
• Related Episode: Breaking the Rules w/ David Gardner - TIP385.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:14 - Paper Bitcoin and what's causing the massive sell-off.
• 08:52 - How Silicon Valley VC fed the "Crypto" scam.
• 09:51 - How much more impairment is left in the market?
• 14:00 - What is happening with Genesis and DCG?
• 26:56 - What is happening with the GBTC discount?
• 31:27 - What is happening with Silvergate Bank?
• 38:56 - ETH and OFAC Compliance.
• 52:56 - What is happening with Tether?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Dylan's article: The Conclusion of the Long-term Debt Cycle and the Rise of Bitcoin.
• Related Episode: Bitcoin Derivatives & On-Chain Data w/ Will Clemente & Dylan LeClair - BTC053.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 00:04:24 - How Dalio defines credit and debt.
• 00:08:55 - Why too much debt can be an issue for the global economy.
• 00:12:13 - The difference between the short-term and the long-term debt cycle.
• 00:13:02 - Why credit is the primary driver of our economy and leads to bubbles.
• 00:14:45 - How deflationary and inflationary deleveragings eventually resolve themselves.
• 00:17:11 - How we can identify a bubble.
• 00:31:37 - Four tools policymakers can use to handle large debt issues.
• 00:45:39 - Why hyperinflation occurs at the conclusion of some long-term debt cycles.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaires' episode covering the Lessons from Billionaire Howard Marks.
• Learn about the Worldly Wisdom of Charlie Munger.
• Dalio’s video: How the Economic Machine Works.
• Ray Dalio’s books: Big Debt Crises & The Changing World Order.
• Check out William Green’s conversation with Ray Dalio here.
• Check out Preston and Stig’s overview of Big Debt Crises here.
• Follow Clay on Twitter and Instagram.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 03:07 - How Joel Tillinghast fell in love with investing as a boy of eight or nine.
• 07:51 - What he learned from his first investment, which he’s (so far) held for 54 years.
• 09:12 - Why it’s critical not to overpay, even when you’re investing in a superb business. 
• 11:04 - How his approach differs from the strategy of another Fidelity legend, Will Danoff.
• 14:55 - What Joel admires about Cathie Wood.
• 19:20 - What he learned from a disastrous macroeconomic bet using borrowed money.
• 33:36 - Why it’s important to invest in “adaptive companies.”
• 34:50 - How he was hired at Fidelity after cold calling Peter Lynch.
• 39:56 - How young people can break into the investment business at a firm like Fidelity.
• 44:59 - What qualities made Peter Lynch a wildly successful stock picker.
• 53:38 - Why Joel avoids biotech stocks.
• 54:25 - Why it’s critical to know yourself & stick to games where you truly have an edge.
• 56:47 - How he thinks about diversification & why he owns a huge number of stocks.
• 1:11:07 - How he made more than 1,000 times his money investing in Monster Beverage.
• 1:10:08 - How emotional exhaustion led him to announce his retirement next year.
• 1:23:12 - How he was affected by a terrifying experience of an earthquake in Japan.
• 1:27:21 - How to handle adversity by letting go of what we can’t control.
• 1:29:26 - What he’s trying to teach Fidelity’s next generation of fund managers.
• 1:32:27 - What gives Joel satisfaction as he looks back on his extraordinary career.
• 1:35:24 - What he learned from his beloved father.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Joel Tillinghast’s Fidelity Low-Priced Stock Fund. 
• Joel’s book, Big Money Thinks Small: Biases, Blind Spots, & Smarter Investing.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Start printing everything your small business needs and discover the endless printabilities with VistaPrint.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• When you want to be a better problem solver, therapy can get you there. Visit BetterHelp today to get 10% off your first month.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 01:43 - What Mohnish has learned from his friendship with Charlie Munger.
• 10:24 - Why and how Mohnish Pabrai uses his checklist in stock investing.
• 33:25 - How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Mohnish Pabrai's Reading List.
• Learn more about Mohnish Pabrai’s Dakshana Foundation.
• Mohnish Pabrai’s website.
• Larry Cunningham’s book, The Essays of Warren Buffett – Read reviews of this book.
• Mohnish Pabrai's book, The Dhandho Investor.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Start printing everything your small business needs and discover the endless printabilities with VistaPrint.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• When you want to be a better problem solver, therapy can get you there. Visit BetterHelp today to get 10% off your first month.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:21 - Cory's one over the world view of everything happening after the FTX bankruptcy.
• 07:49 - What are the issues with "Crypto" Venture Capitalists?
• 07:49 - How the Crypto scam works.
• 10:29 - Was SBF doing unethical things?
• 14:44 - How could people identify such fraudulent activities in the future?
• 32:11 - The Library Ruling - what are the implications?
• 34:51 - Cory's Background and how he got into Bitcoin.
• 41:10 - What the Bitcoin Pacific Conference was like.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Learn about Cory's company Swan.com.
• Learn more about Pacific Bitcoin Conference.
• Follow Cory on Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Start printing everything your small business needs and discover the endless printabilities with VistaPrint.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• When you want to be a better problem solver, therapy can get you there. Visit BetterHelp today to get 10% off your first month.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU’LL LEARN:

• 00:01:50 - The biggest investing lessons from Howard’s book, The Most Important Thing.
• 00:03:07 - How to apply second-level thinking to our investing strategy.
• 00:03:44 - How psychology plays such an important role in markets.
• 00:07:37 - How Howard thinks about the efficiency of markets.
• 00:20:32 - The role market cycles play in Howard’s investment strategy.
• 00:23:23 - Howard’s six reasons for why investors make mistakes.
• 00:31:27- Why you should only invest in bargains.
• 00:35:10 - How to invest during a low-interest rate environment. 
• 00:39:04 - Why we should put an intense focus on investing defensively.
• 00:44:59 - Why making macroeconomic forecasts is likely a fool's errand.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Tune into the recent We Study Billionaire’s episode covering the Worldly Wisdom of Charlie Munger.
• Learn about the best investor you’ve never heard of, Nick Sleep.
• Howard Marks’ books: The Most Important Thing & Mastering the Market Cycle.
• Howard’s article: The Illusion of Knowledge.
• Check out William Green’s conversation with Howard Marks here.
• Check out Trey Lockerbie’s conversation with Howard Marks here.
• Follow Clay on Twitter and Instagram.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Start printing everything your small business needs and discover the endless printabilities with VistaPrint.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• When you want to be a better problem solver, therapy can get you there. Visit BetterHelp today to get 10% off your first month.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Ship with FedEx and be ready for this holiday season with picture proof of delivery.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 01:16 - The mastermind group’s view on the current market conditions.
• 18:41 - Why Hari is bullish on Meta (Ticker: FB), and why Toby already owns the stock.
• 29:00 - The risks of investing in Meta.
• 45:02 - Why Stig has invested in Prosus (Ticker AMS: PRX) as one of the four stocks he owns.
• 1:04:02 - Why Toby is bull on Colgate Palmolive (Ticker: CL).

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Mastermind Discussion Q1 2022. 
• Mastermind Discussion Q2 2022. 
• Mastermind Discussion Q3 2022. 
• Our FREE stock analysis resource, Intrinsic Value Index.
• Subscribe to our FREE Intrinsic Value Assessments.
• Tobias Carlisle's podcast, The Acquires Podcast.
• Tobias Carlisle's ETF, ZIG.
• Tobias Carlisle's ETF, Deep.
• Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book.
• Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.
• Tweet directly to Tobias Carlisle.
• Hari's Blog: BitsBusiness.com
• Tweet directly to Hari

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 02:09 - Why Banks are at serious risk of losing deposits.
• 09:25 - Why the ECB is changing its tune on monetary policy.
• 17:01 - The recent Fed meeting.
• 39:46 - The underlying risk with pension funds using interest rate swaps.
• 58:44 - Expectations for the current yield curve inversion.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• The Macro Compass' Newsletter.
• Alf's Twitter.
• Trey Lockerbie's Twitter.
• Related Episode: European Fragmentation Policy & Mounting Global Pressures w/ Alf Pecca - BTC089.
• Related Episode: Understanding Quantitative Easing w/ Alfonso Peccatiello - MI232.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:14 - What got Luke into writing profound articles around Bitcoin.
• 02:48 - Luke's opinions on various long-term cycles.
• 06:30 - The comparison to the 1930's and 40's.
• 06:30 - Thoughts on wealth inequality.
• 17:15 - Historical Inflation Tipping Points.
• 23:52 - Currency wars and where we are in that dynamic.
• 29:04 - The quandary of Government treasuries potentially running out of buyers for their bonds.
• 29:04 - How the growth in stable coins actually demonstrates to world leaders why they need Bitcoin.
• 29:04 - The Bitcoin Milkshake theory.
• 33:32 - How stable coin operators become buyers for government bonds.
• 35:28 - The Green Swan Event.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Luke Mikic's Twitter.
• Luke's Article: The Big Bang to End all Cycles.
• Luke's Article: The 202s Global Currency Wars.
• Luke's Article: The 50th anniversary of the Fiat Fiasco 1971 - 2021.
• Luke's Article: The US Will Weaponize the Dollar by Backing it with Bitcoin.
• Luke's Article: Is This Bull Run Bitcoin's Final Cycle?

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 05:54 - How Warren Buffett and Charlie Munger met.
• 07:07 - Why it’s important to embrace lifelong learning.
• 09:27) - Why Charlie Munger uses mental models to think and invest.
• 00:15:53 - How Charlie Munger changed Buffett’s investing strategy.
• 20:47 - Why we should continuously challenge and reexamine our worldview.
• 29:22) - Why Munger concentrates his personal investment portfolio.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Learn about the best investor you’ve never heard of – Nick Sleep.
• Check out Clay’s Intrinsic Value Analysis of Dollar General & Apple.
• Listen to Clay’s previous episode covering Warren Buffett’s 12 Investment Principles.
• Check out Poor Charlie’s Almanack.
• William Green’s book – Richer, Wiser, Happier.
• Follow Clay on Twitter and Instagram.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Throw out the old traditions and get progressive. Discover the complete package – smart design, lots to love under the hood with Genesis.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today – 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours – with exceptional service and experts who meticulously tailor opportunities for you.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Get personalized, expert advice that helps you see things clearly with ATB.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 02:51 - How François Rochon began his market-beating investment journey three decades ago.
• 08:12 - How the “margin of safety” concept guides him in business, markets, & life.
• 10:14 - How to succeed by investing in great companies at reasonable valuations.
• 12:12 - Why it’s critical for investors to have a long time horizon.
• 15:37 - How to become a better investor by cultivating humility & preparing for disappointment.
• 16:48 - What he learned from Warren Buffett about the importance of owner’s earnings.
• 21:47 - Why François resists the temptation to overpay, even for great companies.
• 25:12 - Why he highlights his investment mistakes in an annual list called the Podium of Errors.
• 34:03 - How to survive & thrive by taking a middle-of-the-road approach to diversification. 
• 38:30 - Why he believes that market predictions are a waste of time.
• 40:24 - How he handles bear markets emotionally & uses them to improve his portfolio.
• 43:10 - Why he loves companies like CarMax, Visa, Alphabet, & Markel.
• 47:56 - How the president of Constellation Software embodies everything he seeks in a leader.
• 53:59 - How the best businesses remind François of the beauty & uniqueness of great artworks. 
• 1:11:24 - How he was influenced by studying & meeting investment icon Peter Lynch and what François learned from investing legend Lou Simpson.
• 1:21:49 - How the best investors succeed by straying from the tribe & forging their own path.
• 1:15:44 - How it helps him to read broadly about philosophy, art, science, history, & psychology.
• 1:26:16 - Why it’s rational, not naive, to be an “unwavering optimist.”
• 1:35:16 - Why François believes that persistence & patience are the key to human achievement.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• François Rochon’s Montreal-based investment firm, Giverny Capital.
• Giverny Capital Asset Management, his U.S.-based partnership with David Poppe.
• PanzaCollection of art built by Count Giuseppe Panza, one of François’ heroes.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• When you want to be a better problem solver, therapy can get you there. Get 10% off your first month with Betterhelp today.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Send, spend, and receive money around the world easily with Wise.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 17:01 - Bill’s early crucibles that helped him evolve into an empathetic leader. 
• 30:25 - How to find your own True North and how to determine whether a company's leader is following their own.
• 27:26 - How Bill took Medtronic to $60B while cultivating an inclusive culture.
• 34:25- Why Bill set a 10-year term limit for his time at Medtronic.
• 37:12 - CEO’s that handled the pandemic the right way including Satya Nadella of Microsoft, Mary Barra of GM, Corie Barry of Best Buy and others.
• 52:42 - Teaching Tracy Britt Cool at Harvard, who became Warren Buffett’s protege.
• 54:21 - Where CEOs go wrong.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• True North Book.
• Bill George's Website.
• Trey Lockerbie Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• When you want to be a better problem solver, therapy can get you there. Get 10% off your first month with Betterhelp today.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Send, spend, and receive money around the world easily with Wise.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:04 - A recap of the Lummis Gillibrand Bill.
• 05:32 - What is the Digital Commodities Consumer Protection Act of 2022 (DCCPA)?
• 05:32 - Who's trying to make the DCCPA happen?
• 17:21 - What are the implications of the DCCPA if passed?
• 28:17 - A walk through of the White House Climate and Energy Implication of Crypto-Assets in the United States.
• 52:12 - What are the three rules the White House is operating off-of when it comes to digital assets?
• 52:12 - Implications of CBDCs.
• 01:04:45 - How are Bitcoin nodes handled in the DCCPA?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Jason Brett's Twitter.
• The Lummis Gillibrand Bill.
• The DCCPA Bill.
• The White House Climate and Energy Implications by Nic Carter.
• Related Episode: Bitcoin Policy Considerations w/ Jason Brett - BTC073.
• Related Episode: The Lummis-Gillibrand Digital Asset Bill w/ Jason Brett & Tyler Lindholm - BTC082.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• When you want to be a better problem solver, therapy can get you there. Get 10% off your first month with Betterhelp today.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Send, spend, and receive money around the world easily with Wise.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 00:38:03 - Nick Sleep’s investment philosophy and how he was able to outperform the market from over his fund's tenure.
• 00:06:02 - Why Sleep bet big on Amazon and Costco in the early years of his fund.
• 00:14:54 - What fundamentally set Amazon and Costco apart from all other companies.
• 00:15:33 - Sleep’s ideas related to portfolio management and portfolio diversification.
• 00:23:14 - How Sleep uses Destination Analysis in selecting investment opportunities.
• 00:25:43 - How Sleep capitalized on purchasing cheap stocks during the great financial crisis. 
• 00:36:45 - Some thoughts on one of Sleep’s recent purchases in ASOS.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Listen to Clay’s previous episode covering Warren Buffett's 12 Investment Principles.
• Learn how Warren Buffett built his $100 billion fortune here.
• Check out Bill Miller and William Green's conversation here.
• Check out John Huber's episode on Millennial Investing here.
• William Green's book - Richer, Wiser, Happier.
• Follow Clay on Twitter and Instragram.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• When you want to be a better problem solver, therapy can get you there. Get 10% off your first month with Betterhelp today.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• Send, spend, and receive money around the world easily with Wise.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Launch your thing into the spotlight and start selling anywhere with Shopify.
• In a world of probabilities, trade the possibilities with Pepperstone.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• Get personalized, expert advice that helps you see things clearly with ATB.
• Find an advisor who’s invested in you with iA Financial Services Inc.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 01:38 - Why top-line growth was more important than profits in the prior decade for US shale producers.
• 05:37 - Why we have a boom and bust cycle in the oil market.
• 15:31 - Lyn’s thoughts on Warren Buffett’s investments in Chevron and Occidental Petroleum.
• 22:40 - What the OPEC+ cut mean for the oil market.
• 22:55 - What can the west do to lower the price of oil.
• 32:36 - Whether inflation can be fixed without fixing the energy markets.
• 38:47 - What happens if the inflation target of 2% changes. 
• 42:49 - Why the FED counterintuitively is not pushing down the bond yields.
• 58:09 - What Powell should do dependent on what he wants to achieve.
• 58:42 - What it means that the US is exporting inflation.
• 1:03:22 - Why the currencies of many emerging economies are appreciating and the Euro, Pound, and Yen are not.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Our interview with Lyn Alden about Gold and Commodities.
• Our interview with Lyn Alden about Global Investment Opportunities.
• Lyn Alden's free website.
• Lyn Alden's premium newsletter.
• Lyn Alden’s blog post, Energy: Area Under the Curve.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Get access to great value basic health insurance that's simple to understand with Frank Health Insurance.
• Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 08:06 - How today’s economy compared to the early eighties when Bernie was co-founding Home Depot.
• 14:11 - Bernie’s early jobs as a waiter, comedian, and even hypnotist.
• 37:15 - Bernie’s take on ESG, given that Home Depot, won the Most Socially Responsible Company award the year he retired
• 40:02 - What it was like to travel around and sharing business tips with Sam Walton.
• 54:11 - Lessons from philanthropic efforts in integrative medicine and the Georgia Aquarium.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Kick Up Some Dust Book.
• Built from Scratch Book.
• Trey Lockerbie Twitter.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts. 

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Get access to great value basic health insurance that's simple to understand with Frank Health Insurance.
• Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 01:13 - Austin Mitchell's Background and research in the energy sector.
• 10:40 - What problems do energy companies currently deal with that Bitcoin can potentially solve?
• 31:08 - What does the potential future with Bitcoin look like with energy companies?
• 35:13 - How does the lightning network offer solutions in the energy sector?
• 36:35 - Use cases and specific problems around the world where Bitcoin is currently offering a solution.
• 48:02 - What is his company Synota currently working on to solve these problems?
• 51:24 - How does Austin's company currently try to tackle the issues at hand?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Austin's Company: Synota.
• Austin Mitchell's Twitter.
• Austin's Article: Towards a Future of Energy Abundance.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Get access to great value basic health insurance that's simple to understand with Frank Health Insurance.
• Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Support our free podcast by supporting our sponsors.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:

• 06:31: - The opportunities and risks of investing in Dollar General & Apple.
• 07:34 - Clay’s assessment of the intrinsic value of Dollar General & Apple.
• 08:55 - What Dollar General’s catalysts for future growth will be, and why their growth may just be getting started.
• 17:55 - Why Dollar General should weather through a recession relatively well.
• 31:01 - Why Warren Buffett loves Apple as an investment, and why it is his largest stock position.
• 35:46 - A breakdown of Apple’s business segments.
• 57:57 - Why it’s important to have a long-term mindset as a value investor.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Listen to Clay’s previous episode covering Warren Buffett's 12 Investment Principles.
• William Green's book - Richer, Wiser, Happier.
• Robert Hagstrom’s book - The Warren Buffett Way.
• Follow Clay on Twitter and Instagram.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

• Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
• Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.
• If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
• Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
• If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
• Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
• Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
• Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
• Get access to great value basic health insurance that's simple to understand with Frank Health Insurance.
• Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.
• If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
• Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
• More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.
• Start building a portfolio of alternative farm and timberland assets with AcreTrader.
• In a world of probabilities, trade the possibilities with Pepperstone.
• Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
• Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN:

• 02:41 - Where the economy is heading, now that credit growth has been reversed.
• 07:29 - The steep decline in the treasury markets around the world and what’s driving it.
• 14:09 - England's pension plan fiasco.
• 29:23 - Why the FED’s net income has turned negative for the first time ever and how it can be reversed if politicians understand the mechanics Richard lays out.
• 59:14 - The $280B Chips & Science Act that was recently signed into law.
• And much, much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Richard Duncan's Website.
• Macro Watch's Website.
• The Money Revolution Book.
• Trey Lockerbie Twitter
• Related Episode: How To Finance The Next American Century W/ Richard Duncan - TIP424.
• Related Episode: Has Inflation Peaked? W/ Richard Duncan - TIP365.

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts.