On today’s show, Stig talks with William Green, the author of “Richer, Wiser, Happier.” They explore how the best investors can teach us not only how to become rich but how to improve the way we think, reach decisions, assess risk, build resilience, and turn uncertainty to our advantage. The best investors are master game players who consciously maximize their odds of long-term success in markets and life while also minimizing any risk of catastrophe.

IN THIS EPISODE, YOU'LL LEARN:

• How to invest like the best investors in the world
• Why you should invest like Tom Gaynor if you aren’t as smart as Warren Buffett
• Deep personal insights into John Templeton’s unique personality  
• What we can all learn from Bill Miller’s investing and life crisis during the great financial recession in 2008-2009

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!

BOOKS AND RESOURCES

• William Green’s book, Richer, Wiser, Happier – read reviews of this book
• Our conversation with William Green about The Great Minds of Investing 
• Visit William Green’s website
• Email your best stories from the Berkshire Hathaway Annual Shareholder’s meeting to contact@theinvestorspodcast.com to win a free copy of Richer, Wiser, Happier. 
• Take your business to the next level by hiring the right people with ZipRecruiter
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online
• Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR. Save 10% with promo code BILLION10
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today
• join OurCrowd’s Investment in Shield—an AI-powered platform that helps global financial enterprises meet increasingly complex communications compliance rules Open your account today
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Check out Kraken's industry-leading staking service, where you can put your crypto to work for you and earn up to 20% in additional rewards annually
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged
• Whether you’re a small office sending out invoices, an online seller shipping out orders, or even a giant warehouse sending thousands of packages a day, handle it all with ease with Stamps.com. Use the promo code WSB
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

In this episode, you'll learn:

• What were some early lessons that Greg learned that shaped the way he sees the investing world
• How does he think about the long-term debt cycle
• How can Bitcoin potentially impact the fixed income market
• How can convertible bonds become a catalyst for further Bitcoin adoption
• What are his thoughts on the contango trade
• His thoughts on the current sell-off in bonds and what it means for yield curve control
• How to think about sovereign default swaps and how it can be used as a model for valuing Bitcoin
• How governments will start to view Bitcoin if the trend continues

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Greg Foss's article: Valuing Bitcoin w/ Credit Default Swaps
• Greg Foss Twitter
• Take your business to the next level by hiring the right people with ZipRecruiter
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online
• Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR. Save 10% with promo code BILLION10
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today
• join OurCrowd’s Investment in Shield—an AI-powered platform that helps global financial enterprises meet increasingly complex communications compliance rules Open your account today
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Check out Kraken's industry-leading staking service, where you can put your crypto to work for you and earn up to 20% in additional rewards annually
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged
• Whether you’re a small office sending out invoices, an online seller shipping out orders, or even a giant warehouse sending thousands of packages a day, handle it all with ease with Stamps.com. Use the promo code WSB
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today’s episode, Trey sits down with Alex Lieberman, the co-founder and CEO of the wildly popular email newsletter company, Morning Brew. Alex comes from a family with a career history in finance, but set out on his own to pursue Morning Brew, and recently sold it to Business Insider for $75 million dollars. If you want to invest like Warren Buffett, you have to become a student of business, and you do that by diving deep into successful companies to see what their secret sauce is. That’s what today’s episode with Alex is about.

IN THIS EPISODE, YOU'LL LEARN:

• Best practices used by Morning Brew to grow to 2.7M subscribers, which can be applied to nearly any business
• How to develop a unique brand voice with pricing power
• How to find the right co-founders and investors
• How self improvement equals business improvement

BOOKS AND RESOURCES

• Morning Brew Newsletter
• Founders Journal Podcast 
• Austin Reif’s Rolling Fund 
• Zero to One by Peter Thiel 
• Trillion Dollar Coach by Eric Schmidt
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
• Join OurCrowd’s Investment in Nexa Three Dee, a three dee manufacturing innovator that’s shaping the future of a projected one-hundred-and-fifty-billion-dollar market. Open your account today
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today
• Check out Kraken's industry-leading staking service, where you can put your crypto to work for you and earn up to 20% in additional rewards annually
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged
• Take your business to the next level by hiring the right people with ZipRecruiter
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Elevate your writing with 20% off Grammarly Premium
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

In this episode, you'll learn:

• What is a quantum computer and why is it important for the future
• How does quantum computer threaten encryption
• What is a Bloch Sphere and why is it important
• Why is quantum so good at solving specific problems
• What is the potential timeline for Quantum to achieve the processing required to pose a threat to Bitcoin
• What other application are there for Quantum computers beyond cracking encryption
• The differences between cracking elliptical curve key generation versus 2048 bit RSA.
• What are the energy impacts of quantum computing

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• What is a Bloch Sphere
• Andrew Fursman's Company 1Qbit
• Andrew Fursman's bio
• An interesting paper that addresses Bitcoin and the impact of quantum computing
• Join OurCrowd’s Investment in Nexa Three Dee, a three dee manufacturing innovator that’s shaping the future of a projected one-hundred-and-fifty-billion-dollar market. Open your account today
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today
• Check out Kraken's industry-leading staking service, where you can put your crypto to work for you and earn up to 20% in additional rewards annually
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged
• Take your business to the next level by hiring the right people with ZipRecruiter
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Elevate your writing with 20% off Grammarly Premium
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today’s episode, Trey sits down with Ted Seides to talk about how the world’s elite money managers lead and invest. Ted has had an incredible career as an allocator, having started under the tutelage of David Swensen of the Yale Endowment, before starting his own multi-billion dollar alternative investment firm. 

IN THIS EPISODE, YOU'LL LEARN:

• The playbook for Chief Investment Officers of hedge funds or institutions
• Where retail investors can have an edge
• When to and when not to invest in a hedge fund 
• Deeper dive into Ted's infamous bet with Warren Buffett
• What Ted has learned from his relationship with Warren over the years

BOOKS AND RESOURCES

• Capital Allocators Podcast
• Capital Allocators Book
• Listen to our previous interview with Ted Seides
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Take your business to the next level by hiring the right people with ZipRecruiter
• join OurCrowd’s Investment in Shield—an AI-powered platform that helps global financial enterprises meet increasingly complex communications compliance rules Open your account today
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet
• Follow other investors, discover companies to believe in, invest with any amount of money with Public.com. You’ll even get a free slice of stock when you join
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase
• Invest in blue-chip art from artists like Monet and Basquiat with Masterworks. Use promo code WSB to skip their 15,000 person waitlist
• Whether you’re a small office sending out invoices, an online seller shipping out orders, or even a giant warehouse sending thousands of packages a day, handle it all with ease with Stamps.com. Use the promo code WSB
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

In this episode, you'll learn:

• What is Bitcoin's second layer?
• Where does lightning labs fit into the second layer
• What is Lightning pool?
• How is liquidity managed on the second layer
• Why does a person have an incentive to run a node
• Why open channel with other nodes
• What are the nodes that will benefit the post from opening many channels
• What are the incentives for people to use lightning
• What will things like Sphinx chat enable in the future

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Follow Ryan Gentry on Twitter
• Follow Lightning Labs on Twitter
• The lightning labs website
• Sphinx Chat
• Run an umbrel full node
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Take your business to the next level by hiring the right people with ZipRecruiter
• join OurCrowd’s Investment in Shield—an AI-powered platform that helps global financial enterprises meet increasingly complex communications compliance rules Open your account today
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet
• Follow other investors, discover companies to believe in, invest with any amount of money with Public.com. You’ll even get a free slice of stock when you join
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase
• Invest in blue-chip art from artists like Monet and Basquiat with Masterworks. Use promo code WSB to skip their 15,000 person waitlist
• Whether you’re a small office sending out invoices, an online seller shipping out orders, or even a giant warehouse sending thousands of packages a day, handle it all with ease with Stamps.com. Use the promo code WSB
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today’s episode, Trey sits down with billionaire, Jim Mellon. They discuss Jim's new book, “Moo’s Law". The book is about the future of food and how we, as investors, can profit.

CNBC has referred to Jim as “Britain’s answer to Warren Buffett” and he brings a wealth of knowledge to this very wide-ranging discussion.

IN THIS EPISODE, YOU'LL LEARN:

• Jim Mellon’s framework for the current market conditions
• The future of food
• Human longevity
• The revolution occurring in sustainable energy

BOOKS AND RESOURCES

• Mosa Meat: Website
• Biotech anti-aging company: Juvenescence 
• Cell-cultured sea food company: BlueNalu 
• Jim’s new book, Moo’s Law 
• Jim’s other books
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged
• Automate your money with M1 Finance. Get $30 when you sign up for free today
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today
• Take your business to the next level by hiring the right people with ZipRecruiter
• join OurCrowd’s Investment in Shield—an AI-powered platform that helps global financial enterprises meet increasingly complex communications compliance rules Open your account today
• Invest in high-yield, professionally managed real estate, starting with as little as $10K with EquityMultiple
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet
• Follow other investors, discover companies to believe in, invest with any amount of money with Public.com. You’ll even get a free slice of stock when you join
• Support our free podcast by supporting our sponsors

In this episode, you'll learn:

• What is a Discrete Log Contract (DLC)
• How is this different than other smart contract platforms like Root Stock (RSK)
• What does this mean long term
• How does this apply to the Lightning Network
• What does this mean for Ethereum and Binance Smart Chain (BSC)
• How do Oracles work with DLCs

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Pierre Rochard's Twitter
• Ben Carman's Twitter
• An article talking more about DLCs
• Examples of DLCs that are being tested on the Bitcoin blockchain
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• join OurCrowd’s Investment in Shield—an AI-powered platform that helps global financial enterprises meet increasingly complex communications compliance rules Open your account today.
• Invest in high-yield, professionally managed real estate, starting with as little as $10K with EquityMultiple.
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet.
• Follow other investors, discover companies to believe in, invest with any amount of money with Public.com. You’ll even get a free slice of stock when you join.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

For this week’s Mastermind discussion Stig has invited Tobias Carlisle from Acquirer's Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. All three guests are highly successful asset managers. They’re discussing why it’s too simplistic to argue that low-interest rates are pushing up stock prices and much more. 

IN THIS EPISODE, YOU'LL LEARN:

• How and why Cathie Wood and ARK ETFs are moving the stock market 
• How to utilize 13 forms in your investment strategy 
• How exposed should you be to equities in the current market conditions? 
• Is the Schiller P/E valid as a measure of market valuation? 
• Why it’s too simplistic to say that low-interest rates are good for stocks 

BOOKS AND RESOURCES

• Tobias Carlisle’s podcast, The Acquirer's Podcast
• Tobias Carlisle’s Acquirer's Fund
• 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
• Dr. Wesley Gray’s and Toby Carlisle's book: Quantitative Value – Read Reviews for this book
• Dr. Wesley Gray’s website: Alpha Architect
• Dr. Wesley Gray’s book: Quantitative Momentum – Read Reviews for this book
• Dr. Wesley Gray’s Twitter
• Check out the current Schiller P/E
• Jake Taylor’s company, Farnam Street Investments.
• Tweet directly to Jake Taylor.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Elevate your writing with 20% off Grammarly Premium.
• join OurCrowd’s Investment in ByondXR—a platform that’s enabling the world's leading brands to attract customers with the future of virtual shopping journeys. Open your account today.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH TREY AND STIG

• Trey: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

In this episode, you'll learn:

• Charles' thoughts on how to value Bitcoin
• What are hash ribbons
• What are some Macro factors he's paying attention to
• What is the contango trade
• Bitcoin's price floor and how it relates to energy costs
• Top 3 investing lessons
• Bitcoin Tail Risks

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Bitcoin's production cost article by Charles Edwards
• What are Hash Ribbons & Bitcoin by Charles Edwards
• Charles Edwards fund at Capriole.io
• Charles Edwards on Twitter
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Elevate your writing with 20% off Grammarly Premium.
• join OurCrowd’s Investment in ByondXR—a platform that’s enabling the world's leading brands to attract customers with the future of virtual shopping journeys. Open your account today.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.
• Find opportunities to help diversify your portfolio with investments in alternative asset classes with minimums starting at $1,000 with Yieldstreet.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today's show, Trey Lockerbie is joined by Jason Karp. Jason has had an incredible career, starting as a quant at major hedge funds like SAC Capital, under billionaire Steve Cohen, as well as Carlson Capital, where he became the Co-Chief Investment Officer. He then moved on to start his own fund, Tourbillon Capital, which at its peak managed over $4 Billion in AUM.

Along the way, he helped his family start a successful company called Hu, most known for its chocolate bars, which was recently sold to Mondelez. For his next act, he has now founded HumanCo, which focuses on providing permanent capital to health and wellness brands, as well the launch of a recent SPAC or Special Purpose Acquisition Company.

IN THIS EPISODE, YOU'LL LEARN:

• The view from the mountain top
• Opportunities in health and wellness
• What is a SPAC and why they are so popular at the moment

BOOKS AND RESOURCES

• HumanCO's Website
• HumanCO/CAVU SPAC's Website
• SunOpta's Website
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• join OurCrowd’s Investment in ByondXR—a platform that’s enabling the world's leading brands to attract customers with the future of virtual shopping journeys. Open your account today.
• Invest in high-yield, professionally managed real estate, starting with as little as $10K with EquityMultiple.
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH TREY AND STIG

• Trey: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

In this episode, you'll learn:

• Dan's Thoughts on the Overall Macro Landscape
• Bitcoin's potential Super-cycle
• Kraken exchange data and Bank Charter
• Comparing Yield opportunities in lending and Lighting Pool
• His opinion on non-financial use cases for blockchains
• Where we are at in the technology adoption curve
• Bitcoin's security model once the block reward diminishes

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Follow Dan Held on Twitter
• Checkout Dan Held's Articles and website
• Checkout Dan Held's Youtube channel
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• join OurCrowd’s Investment in ByondXR—a platform that’s enabling the world's leading brands to attract customers with the future of virtual shopping journeys. Open your account today.
• Invest in high-yield, professionally managed real estate, starting with as little as $10K with EquityMultiple.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

Trey Lockerbie is joined by legendary investor, Joel Greenblatt. Joel is the managing director and Co-CIO of Gotham Capital, which has produced spectacular returns for over 3 decades.

 He is also the author of investing classics like The Little Book that Beats the Market, and You Can Be a Stock Market Genius. On top of that, he is a professor at Columbia University, where he teaches value investing to MBA students.

IN THIS EPISODE, YOU'LL LEARN:

• Joel Greenblatt’s investing philosophy
• The case for diversification as well as
• The case for a concentrated portfolio
• How Joel thinks through position sizing
• And much, much more!

BOOKS AND RESOURCES

• Gotham Funds: Funds
• The Little Book That Beats the Market: Amazon
• You Can Be a Stock Market Genius: Amazon
• The Big Secret: Amazon
• Common Sense: Amazon
• The Value Investors Club: Website
• The Magic Formula: Website
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool 
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Elevate your writing with 20% off Grammarly Premium.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.
• Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Check out our 20 Best Finance Podcasts in 2021
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH TREY AND STIG

• Trey: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

In this episode, you'll learn:

• What are the primary differences between peer to peer lending/borrowing and centralized lending
• How is HodlHodl different than solutions being provided on platforms like Ethereum
• Do lenders even care about what borrowers are doing with the funds?
• What are some of the risks associated with peer to peer lending/borrowing
• How does HodlHodl manage regulator constraints
• What is the significance of keeping 1 of 3 keys when lending & borrowing

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Follow Max's platform on Twitter
• Checkout lend.hodlhodl.com
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Elevate your writing with 20% off Grammarly Premium.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.
• Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

 On today’s show, Stig and Trey talk about the current state of the stock market. Specifically, they talk about how to interpret the low-interest rate environment, and why they don’t expect the stock market to have topped just yet. 

IN THIS EPISODE, YOU’LL LEARN:

• Why billionaire Stanley Druckenmiller says that this market is the most difficult time ever to write a playbook for 
• Why commodities are priced to perform well
• Why there is an opportunity in emerging markets 
• How to estimate the correct discount rate 
• Ask The Investors: How should I position myself given the current market conditions?
• 
  

BOOKS AND RESOURCES

• Check out TIP Finance that gives you access to our filter tool identifying the cheapest companies, and another filter ranking the international markets with the most value. 
• Subscribe to our newsletters about the current market conditions
• Our last current market condition episode where Stig pitched Bank of America 
• Our interview with Annie Duke about resulting. 
• Stig’s pitch on Spotify
• Check out our 20 Best Finance Podcasts in 2021
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Get twenty-five percent off your first two orders of Literati, a one-of-a-kind book subscription. Start them on a literary journey like no other today.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Listen to the top stories, the top posts and tweets and conversations about those stories, as well as behind the scenes analysis of ALL the latest tech news every single day with TechMeme Ride Home.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH STIG AND TREY

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

In this episode, you'll learn:

• Does China control all the Bitcoin mining?
• Bitcoin uses so much energy, isn't that an issue?
• How Bitcoin is increasing productivity by reducing methane flaring
• How Bitcoin is slowly changing the power grid (for the better)
• Is it better to invest in Bitcoin mining or just buy Bitcoin
• How likely is it until we start to see homes equipped with energy efficient tools to mine Bitcoin

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Follow Marty Bent on twitter
• Checkout Marty's podcast, Tales of the Crypt
• Checkout Marty's company Great American Mining
• Follow Harry Sudock on twitter
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Get twenty-five percent off your first two orders of Literati, a one-of-a-kind book subscription. Start them on a literary journey like no other today.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Listen to the top stories, the top posts and tweets and conversations about those stories, as well as behind the scenes analysis of ALL the latest tech news every single day with TechMeme Ride Home.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today’s show, we speak with Mr. Ian Formigle, about the COVID-19 impact and how to identify value in commercial real estate. 

Ian has over 24 years of experience in the Real Estate market, while his company has over 400 offerings with over $13 billion in commercial real estate.

IN THIS EPISODE, YOU'LL LEARN:

• How to value commercial real estate
• How to take advantage of the trends not fully priced into the market 
• The best 5 cities to invest in 
• Which habits we have changed and the impact on commercial real estate

BOOKS AND RESOURCES

• Contact Ian Formigle’s directly on LinkedIn 
• Ian Formigle’ company, CrowdStreet
• Ian Formigle’s outlook on 2021 for commercial real estate
• CrowdStreet’s free Educational Material
• Ian Formigle’s book, The Comprehensive Guide to Commercial Real Estate Investing – Read reviews of this book 
• Preston and Stig’s previous interview with Ian Formigle about COVID-19 implication
• Preston and Stig’s previous interview with Ian Formigle about Commercial Real Estate Trends.
• Preston and Stig’s previous interview with Ian Formigle about stock investors including real estate in their portfolio 
• Preston and Stig’s previous interview with Ian Formigle about Commercial Real Estate
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.
• Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.
• Get twenty-five percent off your first two orders of Literati, a one-of-a-kind book subscription. Start them on a literary journey like no other today.
• Listen to the top stories, the top posts and tweets and conversations about those stories, as well as behind the scenes analysis of ALL the latest tech news every single day with TechMeme Ride Home.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

 GET IN TOUCH WITH STIG AND TREY

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

In this episode, you'll learn:

• What are the basics of how Bitcoin lending works
• What is over-collateralization
• What are some of the risks w/ Blockfi
• How does Blockfi protect against institutional lending that isn't over-collateralized
• How does Blockfi manage the escrow for depositors
• What is the future going to bring for Blockfi
• Does Zac Prince think lending rates will go higher

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Learn more about Blockfi
• Follow Zac Prince on twitter
• Mark Yusko's firm, Morgan Creek Capital Management
• Follow Mark Yusko on twitter
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.
• Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.
• Get twenty-five percent off your first two orders of Literati, a one-of-a-kind book subscription. Start them on a literary journey like no other today.
• Listen to the top stories, the top posts and tweets and conversations about those stories, as well as behind the scenes analysis of ALL the latest tech news every single day with TechMeme Ride Home.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today's episode, Trey Lockerbie interviews Sahil Bloom. Sahil is a Vice-President at a Private Equity Firm, as well as a frequent contributor to CNBC. He also holds a degree in economics, and a master's degree in public policy, both from Stanford University.

Sahil is a rising star in finance, who recently blew up on Twitter, going from 500 followers to now over 100,000 followers in about 6 months time, primarily due to his thoughtful stories on business and his simple breakdown of complex topics. 

IN THIS EPISODE, YOU'LL LEARN:

• Mental models used by billionaires like Howards Marks, Elon Musk and Warren Buffett
• Thinking from First Principles
• Understanding second and third order effects
• The power of compounding
• Developing financial literacy 
• And much, much more!

BOOKS AND RESOURCES:

• Howard Marks’ Memos: Memos
• Matthew Ball: Website , Twitter 
• Ben Thompson: Twitter 
• Gavin Baker: Website , Twitter 
• Jeff Booth book: The Price of Tomorrow 
• 10k Diver: Twitter 
• Sahil Bloom: Website , Twitter
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool 
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.
• Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Howard Marks’ Memos: Memos
• Matthew Ball: Website , Twitter 
• Ben Thompson: Twitter 
• Gavin Baker: Website , Twitter 
• Jeff Booth book: The Price of Tomorrow 
• 10k Diver: Twitter 
• Sahil Bloom: Website , Twitter
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool 
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH TREY AND STIG

• Trey: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

In this episode, you'll learn:

• What are some of the most important trends and data Plan B and WIlly Woo are looking at today
• What are their thoughts on a mature derivatives market having on the price
• Thoughts on the impact of CBDC
• Thoughts on the India ban
• Impact of Tether
• What is Willy's Go-To chart
• Willy's pricing model Vs Plan B's
• Thoughts on the Lightning Network

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Plan B's Twitter
• All of Plan B's writings at www.PlanBTC.com
• Willy's Twitter
• Willy's Newsletter
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.
• Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today's episode, Preston and Stig speak to Tobias Carlisle and Hari Ramachandra for the Mastermind Discussion of Q1 2021. Together, they sit down and talk about where they see value in the financial markets.

They try and shoot holes in each other's stock picks and help each other as much as possible. It's a fun conversation that shows how they currently think about investing in these extraordinary times. 

IN THIS EPISODE, YOU'LL LEARN:

• Whether equities can be a temporary placeholder for cash
• How to invest long/short in value stocks 
• Which return can you expect if you invest in Brookfield Asset Management? 
• Why ARK Fintech Innovation is still a buy despite a more year return above 100%

BOOKS AND RESOURCES

• Mastermind Discussion Q4 2020.
• Preston and Stig’s interview with Jeff Booth about his book, The Price of Tomorrow.
• Our interview with Cathie Wood.
• Ray Dalio’s argument of why stocks could be trading at 50x earnings.
• Wes Gray’s research on momentum and value performance.
• Preston and Stig’s tool for stock selection and determining the correlation of all US stocks and ETFs, TIP Finance.
• Preston and Stig’s FREE resource, Intrinsic Value Index.
• Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments.
• Tobias Carlisle’s podcast, The Acquirers 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.
• Hari’s Blog: BitsBusiness.com.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Give yourself an upgrade with Helix Sleep's perfect mattress for you. Get $200 off all mattress orders and 2 free pillows.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

GET IN TOUCH WITH HARI AND TOBIAS

• Hari: Twitter
• Tobias: Twitter

GET IN TOUCH WITH STIG AND PRESTON

• Stig: Twitter | LinkedIn
• Preston: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback

In this episode, you'll learn:

• How typical financial managers deal with clients interested in Bitcoin
• Regulatory Limitations for most fund managers
• Bitcoin ETFs
• What's the right portfolio size
• What's Andy's biggest FUD buster

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Andy's book, Why Buy Bitcoin
• Andy's Twitter
• Andy's Bio at SwanBitcoin.com
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Trade domestic and international shares all from one stockbroking account with CMC Markets.
• Elevate your writing with 20% off Grammarly Premium.
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Give yourself an upgrade with Helix Sleep's perfect mattress for you. Get $200 off all mattress orders and 2 free pillows.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today's show, we have Cathie Wood from Ark Invest. Ark’s ETFs are fascinating and have been outperforming the market by a wide margin over the last year. For example, Ark’s Innovation ETF returned over 170% in the last year and it is now actively managing over $50 billion dollars.

IN THIS EPISODE, YOU'LL LEARN:

• How innovation is often not priced into the market
• How Wrights Law can help determine future returns
• The 5 main areas of disruption that ARK is focused on and much much more

BOOKS AND RESOURCES

• Ark-Invest ETFs: Ark Invest
• Wright’s Law: Wright’s Law
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Elevate your writing with 20% off Grammarly Premium.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Join OurCrowd's investment in NanoLock today.
• Mirror the asset allocation strategy of the world’s most successful institutional investors with EquityMultiple.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH STIG AND TREY

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

In this episode, you'll learn:

• The history of Florentine Mint and how it changed European banking
• A background on double entry book keeping
• Counterparty risk and how it impacts markets
• The importance of Disciplinary Constraint in banking
• Thoughts on the Velocity of Money
• Thoughts on the governments' ability to shut down Bitcoin
• What would make Nik change his mind about Bitcoin
• Nik's thoughts on Bitcoin regulation
• What would a yield curve look like with Bitcoin
• Thoughts on the new administration
• Nik's thoughts on the lightning network

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Nik Bhatia's new book, Layered Money
• Nik's Twitter
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Elevate your writing with 20% off Grammarly Premium.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Join OurCrowd's investment in NanoLock today.
• Mirror the asset allocation strategy of the world’s most successful institutional investors with EquityMultiple.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today’s show, we have a veteran of the finance industry, Mr. Niels Kaastrup-Larsen. We discuss how simulations of trend following work together with an equities portfolio, and how models built on historical data perform in a year with a pandemic that we have never seen before.

Niels has been part of the hedge fund industry for more than 25 years. Throughout that period of time, he's implemented a trend-following approach to investing. 

IN THIS EPISODE, YOU'LL LEARN:

• Why trend following has a place in any diversified portfolio? 
• How rule-based strategies work in a market when you don’t have historical data 
• If trend following can give you returns not affected by the low-interest-rate environment 
• How to best measure risk and return

BOOKS AND RESOURCES

• Preston and Stig’s interview with Niels Kaastrup-Larsen about Trend Following
• Niels Kaastrup-Larsen’s free guide and free book about trend following
• Listen to Niels Kaastrup-Larsen’s popular podcast, Top Traders Unplugged
• Niels Kaastrup-Larsen’s interview episode with Preston about the failure of the dollar
• How much Dunn Capital has outperformed the S&P500 since 1974
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Elevate your writing with 20% off Grammarly Premium.
• ring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Give yourself an upgrade with Helix Sleep's perfect mattress for you. Get $200 off all mattress orders and 2 free pillows.
• Invest in blue-chip art from artists like Monet and Basquiat with Masterworks. Use promo code WSB to skip their 15,000 person waitlist.
• Check out our top picks for the Best Investing Podcasts in 2020
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH STIG AND PRESTON

• Stig: Twitter | LinkedIn
• Preston: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

In this episode, you'll learn:

• How are Bitcoin updates generated between developers
• How are Bitcoin updates released once complete
• How are new versions tested and agreed to
• What happens if updates aren't used by full node operators
• Why full node operators are important versus why miners are important
• 51% attacks
• Quantum computing and it's potential threat to Bitcoin
• Other engineering threats to Bitcoin
• Jimmy's thoughts on interesting software initiatives moving forward

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Jimmy Song's new Book, Thank God For Bitcoin
• Jimmy's Book, Programming Bitcoin
• Jimmy's Podcast, OffChain
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Elevate your writing with 20% off Grammarly Premium.
• ring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Give yourself an upgrade with Helix Sleep's perfect mattress for you. Get $200 off all mattress orders and 2 free pillows.
• Invest in blue-chip art from artists like Monet and Basquiat with Masterworks. Use promo code WSB to skip their 15,000 person waitlist.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today’s episode, we sit down with legendary investor, Tom Gayner, Co-CEO of Markel Corporation. Markel has been referred to as a “Baby Berkshire”, because it is structured similarly to Berkshire Hathaway, and has produced stellar results.

Tom has been producing investment returns in the high teens for Markel Corp for over 30 years and was kind enough to give us incredible insight into his investment strategies and philosophies. 

IN THIS EPISODE, YOU'LL LEARN:

• Why investing is sometimes more “art” than science
• How a practical approach can lead to unprecedented returns
• How a frugal life leads to fulfillment
• Tom’s thoughts on index funds
• And much much more!

BOOKS AND RESOURCES

• Markel Corporation: Meet Markel
• Markel: Shareholder Letters
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.
• Elevate your writing with 20% off Grammarly Premium.
• Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.
• ring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH STIG AND TREY

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

In this episode, you'll learn:

• About the current state of commercial Real Estate
• The impact mid and small cap businesses are having on the real economy
• Thoughts on UBi in 2021 versus more QE
• Stable coins and using blockchains for bank clearing
• Tether concerns
• Lyn's thoughts on Ethereum
• Signals for another liquidity crunch
• S2F and a final cycle

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Lyn Alden's Investment Strategy company
• Lyn Alden's twitter
• Luke's books on Amazon
• Luke Gromen's twitter
• Luke's research company, The Forrest For The Trees
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.
• Elevate your writing with 20% off Grammarly Premium.
• Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.
• ring your WiFi up to speed with Orbi WiFi 6 from NETGEAR.
• Take your business to the next level by hiring the right people with ZipRecruiter.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today's show, we bring back investment expert, Cullen Roche, to talk about inflation, the state of the economy, and whether there is a rational argument for stocks trading at 50x earnings.

IN THIS EPISODE, YOU'LL LEARN:

• Why money supply expansion is not equal to inflation 
• Understanding the new rules of bond investing in today’s inflation and interest rate environment 
• How to protect your portfolio against inflation
• Whether there is a rational argument for stocks to be trading at 50 times earnings

BOOKS AND RESOURCES

• Preston and Stig’s interview with Cullen Roche about equities and COVID-19 impact
• Preston and Stig’s interview with Cullen Roche about contrarian investing
• Cullen Roche’s website, Pragmatic Capitalism
• Cullen Roche’s comprehensive resource, Understanding Money 
• Tweet directly to Cullen Roche
• Email Cullen at cullenroche@orcamgroup.com
• Ray Dalio’s “Ask me Anything” on Reddit
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.
• Give yourself an upgrade with Helix Sleep's perfect mattress for you. Get $200 off all mattress orders and 2 free pillows.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Check out our top picks for the Best Investing Podcasts in 2020
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH PRESTON AND STIG

• Preston: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

In this episode, you'll learn:

• Why is a second Layer Bitcoin Network needed
• What are the basics of the Bitcoin Lightning Network
• What is Bitcoin the network versus Bitcoin the store of value
• How the Bitcoin network is drastically reducing the cost of clearing payments
• Jack Mallers thoughts on inflation & Bitcoin payment opportunities
• Jack's Strike app and NFL superstar Russell Okung

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Jack's company, Strike
• Jack's news with Russell Okung
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.
• Give yourself an upgrade with Helix Sleep's perfect mattress for you. Get $200 off all mattress orders and 2 free pillows.
• Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today’s episode, we sit down with author and George Washington University Professor of Law, Lawrence Cunningham. Most known for his wildly successful publication of Warren Buffett’s Essays, Lawrence is the most prolific researcher and author of Buffett and Berkshire, having written over two dozen books on the topic. 

This was a very fun and wide-ranging discussion, so sit back and enjoy our discussion with Lawrence Cunningham. 

IN THIS EPISODE, YOU'LL LEARN:

• What separates Warren Buffett from the average investor
• How to identify a quality investment
• How to distinguish good management from bad
• What may happen to Berkshire beyond Buffett
• Is Berkshire currently undervalued?
• Are investing mistakes come from picking the wrong business than paying too much for a great business?

BOOKS AND RESOURCES

• Lawrence Cunningham’s signature book: The Essays of Warren Buffett
• Lawrence Cunningham’s book on Quality Investing: Quality Investing
• Lawrence Cunningham’s book on Quality Shareholders: Quality Shareholders
• Lawrence Cunningham’s book on Berkshires operating structure and corporate culture: Margin of Trust
• #1 book on philosophy that addresses the definition of “Quality”: Zen and the Art of Motorcycle Maintenance
• David Sokol (Warren Buffett’s protege) book: Pleased but not Satisfied
• Preston, Trey & Stig’s took for picking stock winners and managing our portfolios: TIP Finance Tool
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Join OurCrowd's investment in BlueGreen Water Technologies today.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Check out our top picks for the Best Investing Podcasts in 2020
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH STIG

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

In this episode, you'll learn:

• How Brent views the macro landscape
• Brents opinions on different "pools" of money in the greater economy
• Why scare assets are going to continue to dominate the investing landscape
• How to think about position size
• Brent's risks for Bitcoin
• How much Bitcoin should be in your portfolio

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Brent Johnson's twitter
• Brent's investment firm Santiago Capital Management
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make BendHSA a part of your financial well-being today. 
• Automate your money with M1 Finance. Get $30 when you sign up for free today. 
• Join OurCrowd's investment in BlueGreen Water Technologies today.
• Have everything you need to grow online with Squarespace. Use code WSB to save 10% off your first website or domain purchase.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

For this week’s episode, Stig has invited John Huber from Saber Capital management, Tobias Carlisle from Acquirer's Fund, and Dr. Wes Gray from Alpha Architect. All three guests are highly successful asset managers. They talk about different value investing concepts that all investors should know.

IN THIS EPISODE, YOU'LL LEARN:

• How to know what you don’t know
• How to make and lose money in market cycles
• How to have the right amount of risk in your portfolio
• Which investment advice you should give to your younger self
• Why far more investing mistakes come from picking the wrong business than paying too much for a great business

BOOKS AND RESOURCES

• Tobias Carlisle’s podcast, The Acquirer's Podcast
• Tobias Carlisle’s Acquirers Fund
• Tobias Carlisle’s book, The Acquirer's Multiple – read reviews of this book
• Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com
• Tobias Calisle’s interview with John Huber
• Tobias Carlisle’s Twitter
• Dr. Wesley Gray’s website: Alpha Architect
• Dr. Wesley Gray’s book: Quantitative Momentum – Read Reviews for this book
• Dr. Wesley Gray’s book: Quantitative Value – Read Reviews for this book
• Dr. Wesley Gray’s Twitter
• Preston and Stig’s interview with John Huber about the intrinsic value of Facebook
• John Huber’s company, Saber Capital 
• John Huber’s value investing blog
• John Huber’s Twitter
• Q&A sessions from Berkshire Hathaway Shareholder’s meetings
• Check out our top picks for the Best Investing Podcasts in 2020
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Join OurCrowd's investment in BlueGreen Water Technologies today.
• Elevate your writing with 20% off Grammarly Premium.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• How Michael Saylor defines Inflation, risk premiums and hurdle rates
• The fundamentals of Microstrategy
• Why he's putting Bitcoin on his balance sheet
• Why he issued convertible debt to buy more bitcoin
• How other companies will likely follow suit

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Michael Saylor's twitter
• Michael Saylor's company MicroStrategy
• Michael Saylor's non-profit free education site: Saylor Academy
• Michael Saylor's Bitcoin website: Hope.com
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Join OurCrowd's investment in BlueGreen Water Technologies today.
• Elevate your writing with 20% off Grammarly Premium.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In today’s episode, we sit down with Alex Shahidi and Damien Bisserier from Evoke Advisors, to discuss balanced portfolio allocation tactics used by billionaires like Ray Dalio.

Damien used to work for Dalio at Bridgewater Associates - the largest Hedge fund in the world with more than $160B under management, while Alex has over 20 years of experience managing billions of dollars for his clients. We discuss why, after years of research, Alex and Damien have concluded that a portfolio based on risk parity is the optimal structure for any investor.

IN THIS EPISODE, YOU'LL LEARN:

• How to create a portfolio with a balance risk and reward for each investment
• How to access the strategy used by Billionaire Ray Dalio
• How this portfolio should endure any economic climate
• Why each holding in your portfolio should be as uncorrelated as possible 
• What it’s like to work for Ray Dalio using “radical transparency” 

BOOKS AND RESOURCES

• Risk Parity ETF (Ticker: RPAR)
• Evoke Advisors
• TIP Finance Tool for tracking portfolio correlation
• Check out our top picks for the Best Investing Podcasts in 2020
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Solve your long list of must-reads once and for all with Blinkist.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors.

GET IN TOUCH WITH STIG AND TREY

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

In this episode, you'll learn:

• The early days of Blockstream
• The fork wars and why they were important to future growth
• What is transaction value per second and why's it important
• Where he sees Bitcoin in the next five years
• The Lightning Network
• Liquid
• Green and Aqua
• Security & utility tokens on top of Bitcoin
• Blockstream satellites
• Gaming and Bitcoin

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Samson Mow's Twitter
• Blockstream's Website
• Samson Gaming Company: Pixelmatic
• US Investors can checkout Infinite fleet
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Solve your long list of must-reads once and for all with Blinkist.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today's episode, Stig and I speak with Ed Harrison, the editor at Real Vision TV. Ed talks to us about current market conditions and how investors should position themselves accordingly. 

We'll discuss the accelerating debt situation across the globe and the opportunities and constraints for investors. In addition, we'll cover the continued massive money printing and the impact on the economy, not only as investors but as citizens.

IN THIS EPISODE, YOU'LL LEARN:

• Why facing a double-dip recession is the base case scenario
• How can the US most efficiently pay off its public debt?
• Which implications does it have if Janet Yellen will be the new Treasury Secretary? 
• How to take advantage of the increasing debt burden in developed nations
• Why the decoupling of the US and China will lead to a weaker US dollar 

BOOKS AND RESOURCES

• Visit Edward Harrison’s blog and newsletter, Credit write down. 
• Watch Edward Harrison on Real Vision TV and listen to his podcast
• Tweet directly to Edward Harrison
• Check out our top picks for the Best Investing Podcasts in 2020
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Invest in the very same paintings as millionaires and billionaires, at a fraction of the cost, with Masterworks. Use promo code WSB to skip the 20,000 waitlist to get first dibs. (Important Disclaimer)
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors.

GET IN TOUCH WITH PRESTON AND STIG

• Preston: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

In this episode, you'll learn:

• Work being done on the lightning network for payments
• What a deflationary world would look like
• What would the price of real estate look like
• How might the stock market get repriced
• Other technology impacts Bitcoin might have on policy

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Jeff Booth's book, The Price of Tomorrow
• Jeff Booth's twitter account
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Invest in the very same paintings as millionaires and billionaires, at a fraction of the cost, with Masterworks. Use promo code WSB to skip the 20,000 waitlist to get first dibs. (Important Disclaimer)
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

On today’s show we speak to Ben Claremon and Eugene Robin from Cove Street Capital about the intrinsic value of Lumen. Lumen Technology is a new name for a merged entity between Level 3 and CenturyLink.

We discuss how Level 3 holds the hidden upside value while only being one-third of the new entity, and CenturyLink's dying business model is distracting the market attention. Ben and Eugene make a great case for why there may be a special situation between the two right around the corner that could be a catalyst for the stock price to soar.

*The opinions expressed herein are those of Cove Street Capital, LLC and are subject to change without notice. Past performance is not a guarantee or indicator of future results. Consider the investment objectives, risks and expenses before investing.  

**The information in this presentation should not be considered as a recommendation to buy or sell any particular security and should not be considered as investment advice of any kind. You should not assume that the security discussed in this report is or will be profitable, or references we make in the future will be profitable or equal the performance of the security discussed in this presentation. The report is based on data obtained from sources believed to be reliable but is not guaranteed as being accurate and does not purport to be a complete summary of the available data.

IN THIS EPISODE, YOU'LL LEARN:

• How to analyze the dynamics of a merger
• How to evaluate the debt burden of a company
• How to value a special situation
• What is the intrinsic value of Lumen

BOOKS AND RESOURCES

• Cove Street Capital, LLC is a registered investment adviser. More information about them is located in their ADV Part 2, located on their website or upon request
• Learn more about Cove Street Capital
• Check out our top picks for the Best Investing Podcasts in 2020
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Join OurCrowd's investment in Tevel today.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

GET IN TOUCH WITH PRESTON AND STIG

• Stig: Twitter | LinkedIn
• Trey: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

In this episode, you'll learn:

• Top tips for people entering Bitcoin for the first time
• Thoughts on alt coins
• Why does the world need Bitcoin
• How money evolves in four phases
• The ownership distribution of gold and bitcoin
• Thoughts on Defi

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• All of Vijay Boyapati's incredible writings on Bitcoin
• Vijay Boyapati's twitter account
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Join OurCrowd's investment in Tevel today.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

When we talk about Real Estate investing, the community that first comes to mind is BiggerPockets. We are excited to welcome the hosts of BiggerPockets, Brandon Turner, and David Greene. 

BiggerPockets is the world's largest real estate community, and Brandon and David guide their audience through the complexities of real estate investing. Today they will share tips on how to diversify into real estate if you're a stock investor. In addition, we'll talk about how to value properties and some practical advice on finding time and money to get started.

IN THIS EPISODE, YOU'LL LEARN:

• How to get started in real estate investing with no money down
• How to diversify into real estate without putting with the minimum effort
• How real estate investing is inflation proofed
• How to estimate the intrinsic value of real estate

BOOKS AND RESOURCES

• BiggerPockets’ website
• BiggerPockets’ podcast
• Stig’s interview with Bigger Pockets
• Watch BiggerPockets’ YouTube channel
• Connect with Brandon Turner on Instagram
• Connect with David Greene on Twitter
• Connect with David Greene on LinkedIn
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Join OurCrowd's investment in Tevel today.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

GET IN TOUCH WITH PRESTON AND STIG

• Preston: Twitter | LinkedIn
• Stig: Twitter | LinkedIn

HELP US OUT!

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

In this episode, you'll learn:

• What's the fundamental problem Bitcoin intends to solve
• What is sound money
• Governments will never allow it!?
• How is Bitcoin's supply actually fixed?
• Central Bank game theory
• What is Bitcoin's Number Go Up Technology?
• But the price is so volatile
• Thoughts on the Stock to Flow model

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• All of Robert Breedloves incredible writings on Bitcoin
• Nic Carter's article, It's The Settlement Assurances, Stupid
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Join OurCrowd's investment in Tevel today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Why banks will be a smaller part of the S&P500 in the future 
• How to invest in an unsafe macro environment 
• Why we’re approaching a bursting sovereign global debt bubble 
• Why a rising price of bitcoin could force up the price of gold
• ·Ask The Investors: How do I buy and store bitcoin safely? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s Q3 2020 Mastermind discussion with  Luke Gromen, Lyn Alden, and Jeff Booth 
• Connect with Luke Gromen on Twitter
• Luke Gromen’s company, The Forest for the Trees
• Luke Gromen’s book, Mr. X interviews – Read reviews of this book
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Solve your long list of must-reads once and for all with Blinkist.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• What is the intrinsic value of Diamond Hill Capital Management
• What is the intrinsic value of Oracle
• What is the intrinsic value of Footlocker
• Why Reliance Industries is a bet on the growth of India 
• Why Preston is doubling down on Bitcoin. 
• Ask The Investors: How do I decide on the right discount rate to use? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s tool for stock selection and determining the correlation of all US stocks and ETFs, TIP Finance  
• Mastermind Discussion Q3 2020
• Preston and Stig’s FREE resource, Intrinsic Value Index
• Subscribe to Preston and Stig’s 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
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Join OurCrowd's investment in Rewire today.
• Invest in the very same paintings as millionaires and billionaires, at a fraction of the cost, with Masterworks. Use promo code WSB to skip the 70,000 waitlist to get first dibs. (Important Disclaimer)
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Are we in an inflationary or deflationary environment?
• Why interest rates will turn negative in the US
• Why bitcoin is consuming all other asset classes
• How and why hedge funds, large corporations, and endowments will soon enter the bitcoin space
• Ask The Investors: “Modern Monetary Theory” – is it valid?  

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s interview with Raoul Pal about Macro Concerns
• Preston and Stig’s interview with Raoul Pal about Macro Investing
• Preston and Stig’s interview with Raoul Pal about Macro Economics and Global Risks
• Listen to the Real Vision Podcast
• Connect with Raoul Pal on Twitter
• Raoul Pal's website, Real Vision TV with free videos
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Take part of OurCrowd's investment in Cyabra today.
• Solve your long list of must-reads once and for all with Blinkist.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• How we process information subconsciously and how we can take advantage of it 
• How reflexivity functions between the conscious and subconscious mind.
• How the brain tricks us into making investing mistakes 
• How the best investors use the biases of other investors to achieve superior stock returns

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Antonio Damasio's book,  Self Comes to Mind – Read reviews of this book
• Norman Doidge's book, The Brain that Changes Itself – Read reviews of this book 
• Stanislas Dehaene's book, Consciousness and the Brain
• Twitter profile: John Gald
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make hiring efficient and effective. Get a quality candidate within the first day with ZipRecruiter. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Why you would like your counterpart to say “No” and not “Yes” when you negotiate with them
• Why you need agreement from your counterparty three times to close a business deal
• How to use loss aversion to your advantage in negotiations 
• How to use the Ackerman model in negotiations 
• Ask the Investors: Should I include short positions in my all-weather portfolio? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Chris Voss’ book, Never Split the difference – Read reviews of this book
• Tweet directly to Chris Voss
• Chris Voss’ company, Black Swan Group
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Take part of OurCrowd's Pandemic Innovation Fund today.
• Invest in the very same paintings as millionaires and billionaires, at a fraction of the cost, with Masterworks. Use promo code WSB to skip the 70,000 waitlist to get first dibs. (Important Disclaimer)
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• What is the intrinsic value of Charles Schwab
• The importance of networking effects in wealth management 
• Why the two most important metrics in wealth management is AUM growth and NIM
• How to value a financial service company 
• What the expectation is for inflation, and the impact for Charles Schwab 
• Ask the Investors: When do you understand an asset well enough to invest in it? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Arif Karim’s company, Ensemble Capital
• Ensemble Capital’s educational blog
• Ensemble Capital’s Twitter
• Subscribe to "Real Vision: Finance, Business & Global Economy” on Apple Podcasts, Spotify or wherever you listen to podcasts.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make hiring efficient and effective. Get a quality candidate within the first day with ZipRecruiter. 
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here
• Support our free podcast by supporting our sponsors

In this episode, you'll learn:

• The relationship between the velocity of money and liquidity
• Why we’re not living in a time of uncertainties, but actually living with certainty more than ever
• Why Ray Dalio’s idea of predicting cycles is not valid 
• Why passive investing has Ponzi scheme traits when the money stops flowing in
• Why Paul Volker was a terrible FED chair
• Ask The Investors: Is insider trading important when investing in stocks?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s podcast episode on Common Stocks and Uncommon Profits
• Preston and Stig’s podcast episode on Margin of Safety
• Preston and Stig’s podcast episode on Stock Market Wizards
• Alan Blinder’s book, The Anatomy of Double-Digit Inflation in the 1970s
• Mike Green’s company, Logica Funds
• Connect with Mike Green on Twitter      
• Insider Buying and Selling Website Preston mentioned, https://www.insidearbitrage.com/
• Subscribe to "Real Vision: Finance, Business & Global Economy” on Apple Podcasts, Spotify or wherever you listen to podcasts.
• Solve your long list of must-reads once and for all with Blinkist.
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• What is the intrinsic value of Fairfax Financial Holdings?
• What is the intrinsic value of Fairfax Africa?
• How to analyze and value an insurance company 
• How to analyze and value an investment holding company 
• Ask The Investors: Should I invest in preferred shares? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s interview with Jake Taylor about The Intrinsic Value of Berkshire Hathway
• The Investor Podcast Network’s interview with Jake Taylor on, The Rebel Allocator
• Jake Taylor’s book, The Rebel Allocator – Read reviews of this book
• Jake Taylor’s letters to his clients. 
• Tweet directly to Jake Taylor. 
• Email Jake Taylor at: fivegoodquestions @ gmail.com
• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.   
• Subscribe to our newsletters about the current market conditions
• Investing in the important COVID-19 vaccine that MigVax is doing with OurCrowd.
• Train your nervous system to be more resilient to stress with Apollo Neuro. Get 15% off your purchase today.
• BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. For a limited time, you can earn a bonus of $25 when you open a new account. Just go to theinvestorspodcast.com/blockfi to start earning today.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Why Warren Buffett is buying Bank of America
• Which stocks Warren Buffett is selling right now
• Why Warren Buffett has bought into Japanese trading houses 
• Which stocks Preston and Stig find interesting given the current market conditions
• Ask The Investors: What is the optimal asset allocation right now? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.   
• Subscribe to our newsletters about the current market conditions
• Preston and Stig’s interview with Bill Nygren about Bank of America
• Preston and Stig’s latest discussion about the Current Market Conditions
• Rich Shaner’s analysis of international stock markets
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Make hiring efficient and effective. Get a quality candidate within the first day with ZipRecruiter. 
• Invest in the very same paintings as millionaires and billionaires, at a fraction of the cost, with Masterworks. Use promo code WSB to skip the 70,000 waitlist to get first dibs. (Important Disclaimer)
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Why the performance of gold miners are lagging the performance of the price of gold
• How to invest in gold miners
• The details of Warren Buffett’s investment in gold
• Why the fear of deflation keeps Chair of the Federal Reserve Jay Powell up at night

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Marin Katusa’s special offer for the listeners of The Investor’s Podcast
• Marin Katusa’s free research on his website, Katusa Research  
• Tweet directly to Marin Katusa: @MarinKatusa
• Enjoy better health and peak performance with Athletic Greens, your all-in-one daily drink. Get the FREE D3/K2 wellness bundle with your first purchase!
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Where Ray Dalio predicts money to flow after COVID-19 is over
• How Peter Thiel thinks about how technology is changing education from the outside in
• How Sam Zell thinks about the commercial mortgage-backed securities, and whether there is an opportunity for investors.
• Eric Schmidt's thoughts about big tech monopolies and the dominance of the App stores
• Ask The Investors: What is the Modern Portfolio Theory and should I use it?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s review of Ray Dalio’s book, Principles
• Preston and Stig’s review of Ray Dalio’s book, Big Debt Crises
• Preston and Stig’s review of Peter Theil’s book, From Zero to One. 
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Train your nervous system to be more resilient to stress with Apollo Neuro. Get 15% off your purchase today.
• Make hiring efficient and effective. Get a quality candidate within the first day with ZipRecruiter. 
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired.
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Enjoy Dedicated Account Management Support from Telstra, now with messaging, for every business.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• How the low yield has changed the investment thesis for growth and value investors
• What is the optimal investing strategy dependent on your view on the COVID-19 vaccine
• What the dollar index is indicating for investors right now 
• The difference and similarities of the US and European economies
• Whether the Euro and other international currencies are positioned to replace the US dollar as the main global reserve currency
• Ask The Investors: Will bond investors rush into stocks given the low interest rate? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Visit Edward Harrison’s blog and newsletter, Credit write down. 
• Watch Edward Harrison on Real Vision TV and listen to his podcast
• Tweet directly to Edward Harrison
• Enjoy better health and peak performance with Athletic Greens, your all-in-one daily drink. Get the FREE D3/K2 wellness bundle with your first purchase!
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Make hiring efficient and effective. Get a quality candidate within the first day with ZipRecruiter.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• How to identify high-quality businesses and their moat
• How to make growth assumptions for your stock picks
• Why the vast majority of losses in the stock market come from picking the wrong business and not picking the wrong valuation on the right business. 
• How is the COVID-19 crisis different and similar to other crises in the stock market?  
• Ask The Investors: Should I borrow money and buy a real asset if I think we will see massive inflation?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s interview with John Huber about the intrinsic value of Facebook
• John Huber’s company, Saber Capital 
• John Huber’s value investing blog
• Preston and Stig’s free value investing forum
• Jeremy Siegel’s, Stock for the long run – Read reviews of this book
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Invest in the very same paintings as millionaires and billionaires, at a fraction of the cost, with Masterworks. Use promo code WSB to skip the 70,000 waitlist to get first dibs. (Important Disclaimer)
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Enjoy better health and peak performance with Athletic Greens, your all-in-one daily drink. Get the FREE D3/K2 wellness bundle with your first purchase!
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Open your stockbroking account & enjoy innovative trading tools and market-leading news and research with advanced charting packages with CMC Markets.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Whether we will see a return of the liquidity crisis in the USD
• Whether we have another currency that can replace the USD as the global reserve currency
• Whether the world will continue to exponentially expand the global aggregated monetary baseline
• Why some companies are putting bitcoin on their balance sheet
• Ask the Investors: Can the national debt be inflated away? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s interview with Luke Gromen and Grant Williams about global macro
• Preston and Stig’s interview with Lyn Alden about global macro
• Contact Lyn Alden on Twitter
• Lyn Alden’s website
• Jeff Booth’s book, The Price of Tomorrow – Read reviews of this book  
• Tweet directly to Jeff Booth
• Luke Gromen’s book, Mr. X interviews – Read reviews of this book
• Luke Gromen’s website, The Forrest for the Trees
• Tweet directly to Luke Gromen
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Train your nervous system to be more resilient to stress with Apollo Neuro. Get 15% off your purchase today.
• Find the suit that fits you perfectly while staying within the comforts of your home with Indochino. Use promo code: INVESTORS
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Open your stockbroking account & enjoy innovative trading tools and market-leading news and research with advanced charting packages with CMC Markets.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• What is the intrinsic value of Alphabet Inc. 
• What is the intrinsic value of Berkshire Hathaway
• What is the intrinsic value of E-Trade 
• What is the intrinsic value of Brookfield Property REIT 
• How Warren Buffett’s made his greatest trade ever 
• Ask The Investors: How can a stock price increase after it has been diluted? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s tool for stock selection and determining the correlation of all US stocks and ETFs, TIP Finance  
• Mastermind Discussion Q2 2020
• Preston and Stig’s FREE resource, Intrinsic Value Index
• Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments
• Database with super investors’ investments, Dataroma
• Tobias Carlisle’s podcast, The Acquires Podcast
• Tobias Carlisle’s ETF, ZIG
• Tobias Carlisle’s ETF, Deep
• Hari’s Blog: BitsBusiness.com
• Tweet directly to Hari
• Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com
• Magic Spoon. Healthy cereal that tastes too good to be true. Use promo code: WSB to enjoy free shipping.
• Get a free consultation for your design or development needs with Mutual Mobile.
• Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired.
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Open your stockbroking account & enjoy innovative trading tools and market-leading news and research with advanced charting packages with CMC Markets.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• How has COVID-19 changed the commercial real estate market
• Why you can have the right idea, but the wrong execution in the current market conditions
• How to find value in megatrends in commercial estate in 2020 and beyond 
• Why commercial real estate fits into a value investor’s portfolio in volatile markets

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Contact Ian Formigle’s directly on LinkedIn
• Ian Formigle’ company, CrowdStreet
• CrowdStreet’s free Educational Material
• Learn from Ian Formigle directly on StreetBeats
• Ian Formigle’s book, The Comprehensive Guide to Commercial Real Estate Investing – Read reviews of this book 
• Preston and Stig’s previous interview with Ian Formigle about Commercial Real Estate Trends.
• Preston and Stig’s previous interview with Ian Formigle about stock investors including real estate in their portfolio
• Preston and Stig’s previous interview with Ian Formigle about Commercial Real Estate
• Enjoy better health and peak performance with Athletic Greens, your all-in-one daily drink. Get the FREE D3/K2 wellness bundle with your first purchase!
• Have everything you need to live your most comfortable life with Brooklinen. Use promo code INVESTORS.
• Solve your long list of must-reads once and for all with Blinkist.
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Open your stockbroking account & enjoy innovative trading tools and market-leading news and research with advanced charting packages with CMC Markets.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• Why should you have trend following in a diversified portfolio? 
• Why trend following and value investing complement each other well
• How to follow a rule-based strategy and when you should change your rules
• Why the best trend following sector is commodities 
• Why trend following is interesting at this point in time of the interest rate cycle

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Niels Kaastrup-Larsen's free guide and free book about trend following
• Listen to Niels Kaastrup-Larsen’s popular podcast, Top Traders Unplugged
• Niels Kaastrup-Larsen’s interview episode with Preston about the failure of the dollar
• How much DUNN Capital has outperformed the S&P500 since 1974 
• CME group white paper Lintner Revisited
• Solve your long list of must-reads once and for all with Blinkist.
• Investing in the important COVID-19 vaccine that MigVax is doing with OurCrowd.
• Find the suit that fits you perfectly while staying within the comforts of your home with Indochino. Use promo code: INVESTORS
• Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Open your stockbroking account & enjoy innovative trading tools and market-leading news and research with advanced charting packages with CMC Markets.
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• The main advantage of centralized currencies
• Why the risk of inflation is more likely to come from the Treasury than from the Federal Reserve
• Why growth stocks typically perform better in a low inflation environment and value stocks perform better in a high inflation environment 
• Where to find value in international equities
• How should investors navigate the current market conditions? 
• Ask The Investors: What is the relationship between inflation, interest rates, and house prices? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s interview with Cullen Roche about contrarian investing
• Cullen Roche’s website, Pragmatic Capitalism
• Tweet directly to Cullen Roche
• Magic Spoon. Healthy cereal that tastes too good to be true. Use promo code: WSB to enjoy free shipping.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Support our free podcast by supporting our sponsors.

In this episode, you'll learn:

• How to invest in frontier markets from A-Z
• Why frontier market investing should have a place in any well-diversified portfolio 
• How to assess the political and currency risk of a country 
• How to do boots-on-the-ground-research and understanding lollapalooza effects 
• Why Uzbekistan is the most interesting frontier market right now 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Sturgeon Capital’s website
• Learn more about Sturgeon Capital’s Uzbekistan Growth Equity Fund
• Tweet directly to Sturgeon Capital
• Solve your long list of must-reads once and for all with Blinkist.
• Write like a pro with advanced real-time feedback with Grammarly Premium.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Accelerate your success in business and life with The Deal with Danny Brown.
• Support our free podcast by supporting our sponsors.

On todays Show we discuss:

• What COVID is doing to residential real estate in major cities
• What COVID is doing to the infrastructure for colleges & commercial real estate
• FANG Stocks & central banking policy
• Ray Dalio's thoughts on the limits of central banking policy
• Ray Dalio's thoughts on where people need to be positioned based on policy
• Jeff Gundlach's opinions on a V shaped recover

Resources mentioned during the show:

• Market Wizards Books by Jack Schwagger
• George Gammon's Website
• George Gammon's twitter
• Jeff Snyder twitter
• Solve your long list of must-reads once and for all with Blinkist.
• Investing in the important COVID-19 vaccine that MigVax is doing with OurCrowd.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Find the suit that fits you perfectly while staying within the comforts of your home with Indochino. Use promo code: INVESTORS

In this episode, you'll learn:

• How Preston and Stig’s valuation process has changed since they started We Study Billionaires in 2014
• How moats in the 21st century are different than in the 20th century 
• Why a gold standard is inflationary         
• How to invest in without sound money 
• Ask The Investors: How do you validate and find unbiased information? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.   
• Subscribe to our newsletters about the current market conditions
• Preston and Stig’s interview with Lyn Alden about investing in chaotic times. 
• Preston and Stig’s interview with Jeff Booth about inflationary and deflationary forces 
• Preston and Stig’s interview with Bill Nygren about Bank of America
• Solve your long list of must-reads once and for all with Blinkist.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Follow Silicon Valley’s Favorite Tech News Podcast, Techmeme RideHome.
• Write like a pro with advanced real-time feedback with Grammarly Premium.
• Experience savings in your shipping cost with Pitney Bowes SendPro.

In this episode, you'll learn:

• How money is printed and why it has changed
• What is the role of swap lines during the COVID-19
• Why you should use the expected inflation rate in money supply as your discount rate 
• Why the stock market truly peaked in 2018 and not when it reached an all-time high in 2020
• Ask the Investors: Is China the next empire? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Contact Lyn Alden on Twitter
• Lyn Alden’s website
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Learn more about different stories in the world of IP with Stroke of Genius Season 3.

In this episode, you'll learn:

• How to manage your portfolio during COVID-19
• How to profit from secular trends 
• How to value a high growth company 
• What is the intrinsic value of Intuitive Surgical 
• Ask the Investors: Why is the economy not the stock market? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Arif Karim’s company, Ensemble Capital
• Ensemble Capital’s educational blog
• Ensemble Capital’s Twitter
• Move your business to the cloud with Netsuite.
• Solve your long list of must-reads once and for all with Blinkist.
• Have everything you need to live your most comfortable life with Brooklinen. Use promo code INVESTORS.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Follow Silicon Valley’s Favorite Tech News Podcast, Techmeme RideHome.
• Get a free consultation for your design or development needs with Mutual Mobile.

In this episode, you'll learn:

• How can the US continue printing dollars without the dollar significantly weakening
• Which role the treasury market has in the geopolitical situation between the US and China
• Whether the US could end up like the Weimar Republic or Venezuela 
• Why is gold not going higher despite the excessive money printing. 
• The difference between the gold and the bitcoin market and what the indicators tell us
• Ask The Investors: Why don’t more companies issue shares when its stock trades at all-time high? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s previous interview with Luke Gromen about the Stock Market Melt-up
• Luke Gromen’s website, The Forrest for the Trees
• Tweet directly to Luke Gromen
• Tweet directly to Grant Williams
• Grant William’s website
• Preston and Stig’s episode on William Thorndike’s book, The Outsiders
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Write like a pro with advanced real-time feedback with Grammarly Premium.
• Investing in the important COVID-19 vaccine that MigVax is doing with OurCrowd.

In this episode, you'll learn:

• Why the FED buying corporate debt is distorting the capitalist system 
• What is the relationship between money supply, price inflation, and inflated assets
• How to invest internationally 
• Why European big tech companies can’t compete with US and Asia counterparts 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.   
• Subscribe to our newsletters about the current market conditions
• Lyn Alden’s article about the stock market performance based on CAPE ratios
• Join Preston and Stig’s investing discussions on the TIP forum. 
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Search for The Jordan Harbinger Show on Apple Podcasts, Spotify or wherever you listen to podcasts. 
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• What is the intrinsic value of Berkshire Hathaway?
• What is the intrinsic value of Markel? 
• What is the competitive advantage of eBay and what is the intrinsic value? 
• Why Spotify might be undervalued at a $30B valuation even though it’s not making any money
• ·Ask The Investors: How are Preston and Stig managing their stock portfolios?  

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s tool for stock selection and determining the momentum of all US stocks and ETFs, TIP Finance  
• Mastermind Discussion Q1 2020
• Preston and Stig’s FREE resource, Intrinsic Value Index
• Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments
• Database of what super investors’ invest in, Dataroma
• Tobias Carlisle’s talk at Google
• Tobias Carlisle’s podcast, The Acquires Podcast
• Tobias Carlisle’s ETF, ZIG
• Tobias Carlisle’s book, The Acquirer's Multiple - read reviews of this book
• Tweet directly to Tobias Carlisle
• Hari's Blog: BitsBusiness.com
• Tweet directly to Hari
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Search for The Jordan Harbinger Show on Apple Podcasts, Spotify or wherever you listen to podcasts. 
• Capital One. This is Banking Reimagined.
• Earn unlimited 1% cash back with Radius Bank. Get a $50 sign on bonus with promo code “TIP”.

In this episode, you'll learn:

• Will Berkshire Hathaway outperform S&P500? 
• What are the inflationary and deflationary risks for Berkshire Hathaway’s capital intensive businesses?
• Why didn’t Buffett repurchase more Berkshire Hathaway stocks so far in the corona crisis?
• Can the US government default on its bonds? 
• Ask The Investors: When do you sell your profitable stocks?  

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.   
• Preston and Stig’s first episode about the 2020 Berkshire Hathaway Shareholder’s Meeting
• Preston and Stig’s interview with Jake Taylor about the Intrinsic Value of Berkshire Hathaway. 
• Ray Dalio’s article about currencies
• BRK Versus SP500 Chart that Preston was talking about during the show
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Have everything you need to live your most comfortable life with Brooklinen. Use promo code INVESTORS.
• The brand new season of Billions is now streaming only on Stan. Start your 30 day free trial today! 
• Search for The Jordan Harbinger Show on Apple Podcasts, Spotify or wherever you listen to podcasts. 

In this episode, you'll learn:

• Why did Warren Buffett sell his airline stocks? 
• Whether Warren Buffett recommends that retail investors buy stocks now? 
• Why Berkshire Hathaway hasn’t acted more in the financial markets during the corona crisis so far
• How does Warren Buffett allocate capital across Berkshire Hathaway
• Ask The Investors: What does “cash is trash” mean?

Books and resources mentioned in this episode:

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.   
• Preston and Stig’s interview with Jeff Booth about inflation and deflation
• Peter Diamandis and Steven Kotler’s book, The Future Is Faster Than You Think
• Interview with Ray Dalio where he says that, “cash is trash”
• Follow Ray Dalio on Linkedin 
• Preston’s tweet about the Cantillon Effect 
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Earn unlimited 1% cash back with Radius Bank. Get a $50 sign on bonus with promo code “TIP”.
• The brand new season of Billions is now streaming only on Stan. Start your 30 day free trial today! 

In this episode, you'll learn:

• What is happening in the stock market right now
• How Preston and Stig are positioned in the market
• Whether the US is falling into the same liquidity trap as Japan.
• Pros and cons of fiat currencies
• Stock market similarities and differences to 1929
• Ask The Investors: How do I avoid catching a falling knife

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.
• Subscribe to our newsletters about the current market conditions
• Link to Preston’s series of tweets that showed the momentum status on indexes
• Yuval Noah Harari’s book, Sapiens, recommended by Guy Spier and Stig - Read reviews of this book.
• Preston’s pitch of Biogen and Stig’s pitch of Allstate the Mastermind Meeting 4th quarter 2019.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Earn unlimited 1% cash back with Radius Bank. Get a $50 sign on bonus with promo code “TIP”.
• The brand new season of Billions is now streaming only on Stan. Start your 30 day free trial today!
• Move your business to the cloud with Netsuite. 

In this episode, you'll learn:

• How Mohnish Pabrai thinks about biases
• Why and how Mohnish Pabrai uses his checklist in stock investing
• How has the shorter tenure of stock in S&P500 made Mohnish think of compounders
• Why Mohnish started Dakshana foundation
• How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• 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
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Earn unlimited 1% cash back with Radius Bank. Get a $50 sign on bonus with promo code “TIP”.
• The brand new season of Billions is now streaming only on Stan. Start your 30 day free trial today! 

In this episode, you'll learn:

• Why we have too much debt and not enough growth in the world
• Why we need monetary policies deflation on a global scale
• Why we won’t have a new Bretton Woods
• Why technology is massive deflationary
• Why and how to invest in businesses that have the best networking effect
• Ask The Investors: What does the low interest rate mean to us as consumers?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Jeff Booth’s book, The Price of Tomorrow – Read reviews of this book 
• Tweet directly to Jeff Booth
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Solve your long list of must-reads once and for all with Blinkist.
• Earn unlimited 1% cash back with Radius Bank. Get a $50 sign on bonus with promo code “TIP”.
• The brand new season of Billions is now streaming only on Stan. Start your 30 day free trial today! 
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• How to estimate the intrinsic value of Bank of America
• How to understand bank valuations based on tangible book value
• How to read the yield curve and what it means for profitability for banks
• How to understand the competitive situation between Wells Fargo, JP Morgan, and Bank of America
• Ask The Investors: Why should I buy psychical gold over paper gold?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Oakmark Fund’s website
• Oakmark Fund’s market commentaries
• Preston and Stig’s interview with Bill Nygren
• Preston and Stig’s interview with Sean Stannard-Stockton on First Republic Bank
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Earn unlimited 1% cash back with Radius Bank.
• Have everything you need to live your most comfortable life with Brooklinen. Use promo code INVESTORS.

In this episode, you'll learn:

• How the Chinese central bank operates, and which interests they have in manipulating their interest rate
• What the real drivers behind the trade war are
• How to understand the Chinese economy and the impact of the US and the rest of the world
• Why China will soon grow only 1-2% annually 
• Why the Chinese banking system prevents acute crises, but also limits growth
• How to invest in China and to capture the premium from uncertainties

Resources mentioned

• Tweet directly to China Beige Book
• Connect with China Beige Book on LinkedIn
• China Beige Book website
• Capital One. This is Banking Reimagined.
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Earn unlimited 1% cash back with Radius Bank.
• Have everything you need to live your most comfortable life with Brooklinen. Use promo code INVESTORS.

In this episode, you'll learn:

• What is going on behind the scenes of the FED and why they do doing swap lines with USD
• Why Marin Katusa is bull on Equinox Gold and Liberty Gold
• A practical guide to investing in the gold sector
• What happened to the price of oil
• The new relationship between, gold, USD, and the price of oil

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Marin Katusa’s special offer on his exclusive newsletter for the listeners of The Investor’s Podcast including his free book
• Marin Katusa’s website, Katusa Research  
• Tweet directly to Marin Katusa: @MarinKatusa
• Preston and Stig’s interview with Marin Katusa about commodities and negative interest rates
• Gold Graph mentioned from the show
• Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. 
• Solve your long list of must-reads once and for all with Blinkist.
• Get the perfect package for your perfect package with Manscaped and use the code TIP.

In this episode, you'll learn:

• Understanding what is happening in the stock market right now
• What Preston and Stig are looking at in the stock market
• Understanding quantitative easing and FED’s balance sheet in a time of crisis
• Understanding inflation and deflation pressures and how it impacts the economy and financial markets
• Ask The Investors: How are options priced? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. 
• Subscribe to our newsletters about the current market conditions
• Preston and Stig’s episode on, Big Debt Crises
• Preston and Stig’s episode on, You can be a Stock Genius
• Ray Dalio’s article about the Changing World Order
• Calculator for pricing options
• Explanation of pricing of option using the Black Scholes Model
• Interview with Jeff Booth to embed: https://www.youtube.com/watch?v=F8lfLqnhuGs
• Capital One. This is Banking Reimagined.
• Move your business to the cloud with Netsuite.
• Find the best job candidate at Ziprecruiter.
• Find the best version of yourself with Goodlife Clothing.

IN THIS EPISODE, YOU'LL LEARN:

• The most important takeaways from Warren Buffett’s most recent letter to shareholders
• An overview of the five major segments of Berkshire Hathway
• What is the moat of Berkshire Hathaway after Warren Buffett and Charlie Munger
• Should Berkshire Hathaway be used as a substitute for cash or a bond in your portfolio?
• Ask The Investors: Should I as a shareholder of Berkshire Hathaway buy stocks that are already in the company’s portfolio?

BOOKS AND RESOURCES

• Jake Taylor’s book, The Rebel Allocator – Read reviews of this book
• The Investor Podcast Network’s interview with Jake Taylor on, The Rebel Allocator
• Jake Taylor’s letters to his clients.
• Tweet directly to Jake Taylor.
• Email Jake Taylor at: fivegoodquestions@gmail.com
• Warren Buffett’s letters to shareholders
• Capital One. This is Banking Reimagined.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Send and receive money internationally the smartest way with Transferwise.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.

In this episode, you'll learn:

• How Preston and Stig were positioned before the stock market crashed
• How Preston and Stig are positioning themselves today
• Why Preston thinks we’re heading into global hyperinflation
• Why Stig thinks that now is a good time to add to your compounders in the stock market
• What the FED and the ECB are doing right now
• Ask The Investors: What do you think about using put options and LEAPS given the current market conditions?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market
• Stig’s newsletter to the TIP Community about the coronavirus
• Subscribe to our newsletters about the current market conditions
• Preston and Stig’s episode on, Big Debt Crises
• Ray Dalio’s article about the implication of hitting the 0% Interest Rate Floor
• Capital One. This is Banking Reimagined.
• Move your business to the cloud with Netsuite.
• Solve your long list of must-reads once and for all with Blinkist.
• Affordable, private online counseling. Anytime, anywhere with Betterhelp.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.

In this episode, you'll learn:

• Why value investors don’t understand how Warren Buffett does factor in macroeconomics events
• The biggest misperception of dividend investing
• How to measure value in growth
• How to invest in companies with predictable earnings
• Ask The Investors: How to make a living in investing when your holding period is forever?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Vitaliy Katsenelson, website Contrarian Edge
• Listen to Vitaliy Katsenelson’s articles
• Lawrence Cunningham’s book, The Essays of Warren Buffett – read reviews here
• Capital One. This is Banking Reimagined.
• Make your money work harder with Wealthsimple.
• Move your business to the cloud with Netsuite.
• Enjoy unparalleled quality of fresh coffee with Blue Bottle.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.
• Solve your long list of must-reads once and for all with Blinkist.
• Send and receive money internationally the smartest way with Transferwise.

In this episode, you'll learn:

• What the Intrinsic value is of ExxonMobil and Etsy
• Why Exxonmobil’s plan for 2025 may indicate a 16% annualized return for you as a stock investor
• If ExxonMobil’s 7% dividend is sustainable
• Why Preston thinks that Bitcoin could go to $20,000 by the end of 2020 and $200,000 by the end of 2021
• Ask The Investors: How do you pay yourself when your holding period is forever?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s FREE resource, Intrinsic Value Index
• Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments
• Preston and Stig’s tool for stock selection and determining the momentum, TIP Finance 
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting
• Warren Buffett’s letters to shareholders
• Tobias Carlisle’s podcast, The Acquires Podcast
• Tobias Carlisle's book, The Acquirer's Multiple - read reviews of this book
• Tobias Carlisle's ETF, ZIG
• Tobias Carlisle's Acquirer's Multiple stock screener
• Tweet Directly to Tobias Carlisle
• The Investor's Podcast Network interview w/ Jason Moser from Motley Fool about Etsy
• Preston's discussion of Bitcoin's Stock to Flow metric and article by Plan B
• Capital One. This is Banking Reimagined.
• Make your money work harder with Wealthsimple.
• Move your business to the cloud with Netsuite.
• Enjoy unparalleled quality of fresh coffee with Blue Bottle.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.
• Solve your long list of must-reads once and for all with Blinkist.

In this episode, you'll learn:

• Why hard work is not enough to be successful, and what you can do about it
• Know how others see you, so you can redirect them how they should see you
• How to turn your weaknesses into assets
• What you can learn from starting with $5 in capital 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Laura Huang’s book, Edge – Read reviews of the book 
• Download your free audio book at Audible.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Affordable, private online counseling. Anytime, anywhere with Betterhelp.
• Capital One. This is Banking Reimagined.
• Make your money work harder with Wealthsimple.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.

In this episode, you'll learn:

• What states like Wyoming are doing to attract Bitcoin companies into the state
• How the definition of legal tender impacts the legal treatment of Bitcoin
• Can/would the US shut down Crypto exchanges
• Can/would the US government ban cryptocurrencies
• What are the new laws Secretary Mnuchin is talking about

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Trace Mayer Talking about Mixing or Coin-join implications
• Nic Carter's writing on Central Banks and Bitcoin
• Follow Caitlin Long on Twitter
• Download your free audio book at Audible.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Make your money work harder with Wealthsimple.
• Find the best job candidate at Ziprecruiter.
• Send and receive money internationally the smartest way with Transferwise.
• Capital One. This is Banking Reimagined.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.

In this episode, you'll learn:

• Which trends that are important to follow in 2020 and beyond in commercial real estate
• What the impact is of student debt on real estate in the decades to come
• Why investors should consider purchasing multifamily assets and conservatively leverage the investment with cheap 10-year fixed-rate debt.
• How to understand the various financing opportunities in commercial real estate
• Understanding cycles in commercial real estate

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Contact Ian Formigle’s directly on LinkedIn
• Ian Formigle’ company, CrowdStreet
• CrowdStreet’s free Educational Material
• Preston and Stig’s previous interview with Ian Formigle about stock investors including real estate in their portfolio
• Preston and Stig’s previous interview with Ian Formigle about Commercial Real Estate
• Preston and Stig’s previous interview with Ian Formigle about Opportunity Zones
• Download your free audio book at Audible.
• Move your business to the cloud with Netsuite.
• Enjoy unparalleled quality of fresh coffee with Blue Bottle.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Capital One. This is Banking Reimagined.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.
• Make your money work harder with Wealthsimple.

On today’s show we talk to Erik Townsend about the potential impact of the Novel Coronavirus (COVID-19) on the global economy.

IN THIS EPISODE, YOU'LL LEARN:

• What is the impact to the supply chain
• What are some of the key figures we know today
• The reflexive impact of fear on spending
• The impact on Airlines
• Asymptomatic transmission impacts
• What's the good news
• Impact for Big Pharma
• The impact on Stocks versus bonds
• Central Banking response
• What's next?

BOOKS AND RESOURCES

• Checkout Erik Townsend's podcast, MacroVoices
• Contact Erik on twitter
• ACE2 Transport protein and it's impact on transmission amongst certain races
• Capital One. This is Banking Reimagined.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise.
• Make your money work harder with Wealthsimple.

In this episode, you'll learn:

• What is the intrinsic value of Mastercard?
• How Apple has validated that Mastercard is the payment method of the future. 
• Why Fintech is not disrupting Mastercard but accelerating its growth
• The risks of investing in Mastercard
• How to understand networking effects in business
• Ask the Investors: How many stocks should a beginning investor own? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Sean Stannard-Stockton’s company, Ensemble Capital
• Ensemble Capital’s educational blog
• Ensemble Capital’s Twitter
• Download your free audio book at Audible.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Solve your long list of must-reads once and for all with Blinkist.
• Enjoy unparalleled quality of fresh coffee with Blue Bottle.
• Capital One. This is Banking Reimagined.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Make your money work harder with Wealthsimple.

In this episode, you'll learn:

• An in-depth analysis of the stock market crashes in 1907, 1929, 1987, 2008, and 2010
• The similarities between the FED’s monetary policy in 1929 and today
• How the stock market could decline by 22.6% in a single day in 1987
• How the incentives for homeowners and investment bankers in 2008 destroyed the stock market
• Why the next crash is going to look more like the flash crash in 2010 than any of the earlier crashes
• Ask The Investors: How should I invest in sector ETFs? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Subscribe to Real Estate Investing by The Investor’s Podcast
• Listen to the first episode of Real Estate Investing by The Investor’s Podcast, with Chad Carson 
• Scott Nation’s book, A History of The United States in Five Crashes – Read reviews of his book
• Scott Nation’s Amazon author page
• Scott Nation’s website
• Download your free audio book at Audible.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Move your business to the cloud with Netsuite.
• Send and receive money internationally the smartest way with Transferwise.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Make your money work harder with Wealthsimple.
• Capital One. This is Banking Reimagined.

IN THIS EPISODE, YOU'LL LEARN:

• How the FED will react to a sell-off in the stock market
• How much countries’ balance sheets can grow
• Why the FED is committed to financing US deficits
• Why inflation is a misunderstood concept
• If there is a risk for the US to go into hyperinflation 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s previous interview with Luke Gromen about the REP Market
• Luke Gromen’s book, Mr. X interviews – Read reviews of this book
• Luke Gromen’s website, The Forest For The Trees
• Tweet directly to Luke Gromen
• Download your free audio book at Audible.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Solve your long list of must-reads once and for all with Blinkist.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Find the best job candidate at Ziprecruiter.
• Make your money work harder with Wealthsimple.
• Experience savings in your shipping cost with Pitney Bowes SendPro.
• Capital One. This is Banking Reimagined.

IN THIS EPISODE, YOU'LL LEARN:

• Why you can’t truly be a passive investor
• Why the stock market is a better inflation hedge than gold
• What are the differences and similarities between financial markets and the economy
• If the US government running out of money
• Ask The Investors: Should I invest in a leveraged ETF if I think the stock market will go up over the next few decades? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston's book recommendation, You Can Be A Stock Market Genius by Joel Greenblatt
• Preston and Stig’s interview with Cullen Roche about Pragmatic Capitalism
• Cullen Roche’s website, Pragmatic Capitalism
• Tweet directly to Cullen Roche
• Download your free audio book at Audible.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Learn how to play guitar, bass, and ukulele at your own pace with FenderPlay. Use code: TIP until February 20, 2020, 12MN Pacific Time to enjoy an exclusive deal!
• Make your money work harder with Wealthsimple.
• Capital One.This is Banking Reimagined.

IN THIS EPISODE, YOU'LL LEARN:

• What is the intrinsic value of Disney
• Why return on invested capital is so important to understand and to use
• How to understand earnings calls
• Ask The Investors: How do I start managing money for other people? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Listen to The Investor’s Podcast’s new podcast, The Good Life
• Join Preston, Stig, and Sean at the Berkshire Hathaway Annual Shareholder’s Meeting
• Preston and Stig’s episode on The Power of Moments
• David Trainer’s company, New Constructs
• David Trainer’s analysis of Disney
• David Trainer’s analysis of micro-bubbles
• Download your free audio book at Audible.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Solve your long list of must-reads once and for all with Blinkist.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Go for a comfort upgrade wherein you happiness is guaranteed with Bombas socks.
• Make your money work harder with Wealthsimple.
• Capital One. This is Banking Reimagined.

IN THIS EPISODE, YOU'LL LEARN:

• Why was the euro created
• How is the euro similar and different than the US dollar
• Which countries benefit most from the Euro
• Why it’s inevitable that central bank money will become digital
• How will the Euro perform compared to the US dollar in the next recession

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Thomas Mayer’s Research Institute
• Thomas Mayer’s article about a digital euro
• Listen to the episode with Jason Moser on Millennial Investing
• Subscribe to Millennial Investing by The Investor’s Podcast Network
• Download your free audio book at Audible.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Move your business to the cloud with Netsuite.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Make your money work harder with Wealthsimple.
• Capital One. This is Banking Reimagined.

In this episode, you'll learn:

• What is the intrinsic value of Biogen, GrafTech, Allstate, and i3 Verticals
• If Mohnish Pabrai’s newest stock pick GrafTech is a good investment
• Why you would want to buy a put option and not write the put option when you short a stock
• How to value a pharmaceutical company
• Understanding the cycles in the insurance industry
•  Ask The Investors: How do you estimate growth rates? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s FREE resource, Intrinsic Value Index
• Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments
• Preston and Stig’s tool for stock selection and determining the momentum, TIP Finance 
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting
• Warren Buffett’s letters to shareholders
• Tobias Carlisle’s podcast, The Acquires Podcast
• Tobias Carlisle's book, The Acquirer's Multiple - Read reviews of the book
• Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com
• Tweet directly to Tobias Carlisle
• Tweet directly to Hari
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Move your business to the cloud with Netsuite.
• Automate your work with Zapier.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Solve your long list of must-reads once and for all with Blinkist.

In this episode, you'll learn:

• Why the interest rates globally are headed even lower than today
• Why the US dollar will appreciate
• What the future relationship between interest rates and gold will be
• Why the traditional dollar and gold relationship is no longer valid

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Marin Katusa’s special offer on his exclusive newsletter for the listeners of The Investor’s Podcast including his free book
• Marin Katusa’s free research report about the performance of his fund, and his predictions for 2020
• Marin Katusa’s free research report on convertible debentures 
• Marin Katusa’s website, Katusa Research  
• Tweet directly to Marin Katusa: @MarinKatusa
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Move your business to the cloud with Netsuite.
• Be prepared for the unexpected with AirMedCare Network.
• Solve your long list of must-reads once and for all with Blinkist.
• Automate your work with Zapier.

In this episode, you'll learn:

• How Jim Simons’ fund has performed 66% annually since 1988
• How to make money when you’re only right 51% of the time
• Why there are fewer inefficiencies in the market than value investors think
• Ask The Investors: What is the difference between index funds and ETFs and what is the better investment? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Gregory Zuckerman’s book, The Man who Solved the Markets – Read reviews of this book
• Tweet to Gregory Zuckerman
• Email Gregory Zuckerman
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Be prepared for the unexpected with AirMedCare Network.
• Automate your work with Zapier.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Send money abroad the smart way with Transferwise.

In this episode, you'll learn:

• Which major industries will be disrupted most over the next 10 years and how
• Why we have an abundance problem rather than a scarcity problem
• Why 89% of all genetic diseases can be cured permanently very soon
• How long will it take before AI is much better at writing novels better than humans, and how AI can already make short films
• Why iPhones soon will just be a pair of glasses with many more features

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Peter and Steven’s book, The Future is Faster thank you think – Read reviews of this book
• David Sinclair’s book, Lifespan - Read reviews of this book
• Shawn Flynn’s interview with NASA veteran, Jonathan Trent
• The Investor’s Podcast Network’s new show, Silicon Valley  
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Increase the efficiency of your web team with Pantheon.
• Be prepared for the unexpected with AirMedCare Network.
• Automate your work with Zapier.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• Why it’s so difficult to invest in mining stocks
• How to build a relationship with the management with a small-cap company, why it might not be advantageous.
• How to understand the market for mining royalties
• How to estimate the intrinsic value of Altius Minerals
• Ask The Investor’s Podcast: Do you prefer to focus more on business or picking individual securities? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Dan Ferris’ podcast, Investor Hour
• Dan Ferris’ research and newsletter 
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Send money abroad the smart way with Transferwise.

In this episode, you'll learn:

• Why Jesse Itzler is still doing hard things when he doesn’t need to?
• Why you need to “Say it to grow rich”
• What surprised Jesse Itzler the most from owning a professional sports team
• Why Jesse has hired a personal coach to learn names 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s interview with Jesse Itzler about living with a Navy Seal for 31 days
• Tweet directly to Jesse Itzler
• Jesse's book, Living w/ A SEAL
• Jesse's Website
• Millennial Investing interview with Jesse Itzler
• Silicon Valley interview with Rotten Tomatoes founder, Patrick Lee
• Check out our new show by The Investor’s Podcast Network, Silicon Valley 
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Automate your work with Zapier.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Be prepared for the unexpected with AirMedCare Network.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• What is factor investing?
• Which factors have historically performed best?
• Which factors perform best in bear markets?
• Should you invest in one or multiple factors at the same time?
• Ask The Investors: What is the Relative Strength Indicator, and how do I use it?  

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Tweet directly to Jack Vogel
• Jack Vogel’s website, Alpha Architect
• Jack Vogel’s tool and articles about factor investing.
• Andrew Berkin’s book, A complete guide to factor-based investing – Read Reviews of this book 
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Compare and buy life insurance the easy way with Policygenius.
• Send money abroad the smart way with Transferwise.
• Be prepared for the unexpected with AirMedCare Network.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• What is over the counter stocks and how to invest in them
• What a dark stock is, and why they are mispriced
• Why you should look for companies trading at a negative enterprise value
• How can to build a position in companies with a market cap with less than $50M
• Why David Flood is using Google Satellites photos in his stock research
• Ask The Investors: Is passive investing a new bubble, and if it is how can you protect yourself?  

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig’s Mastermind group discussion with David Flood
• David Flood’s Blog, Elementary Value
• The Investor’s Podcast Network forum, where David Flood is an administrator
• Tweet directly to David Flood
• David Flood’s free intrinsic value analyses on The Investor’s Podcast Network
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Experience a real estate investing platform that is powered by an investor-first model with Fundrise. 
• Be prepared for the unexpected with AirMedCare Network.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• What is the intrinsic value of First Republic Bank
• Why First Republic Bank can be seen as a retail business with a superior franchise
• How to value banks, and the importance of price to tangible book value
• Which key ratios to use to evaluate performance and debt levels of banks
• Ask The Investors: How to pick stocks when you have a full-time job

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Sean Stannard-Stockton’s company, Emsemble Capital
• Ensemble Capital’s educational blog
• Ensemble Capital’s Twitter
• Check out Millennial Investing by The Investor’s Podcast Network 
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Send money abroad the smart way with Transferwise.
• Be prepared for the unexpected with AirMedCare Network.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Automate your work with Zapier.

In this episode, you'll learn:

• How to construct the optimal portfolio
• How to determine the expected return, upside, and downside of an asset class
• If you should ever be 100% invested in stocks?
• Why you should consider owning more than a dozen asset classes.
• Ask The Investors: How should I rebalance my portfolio? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• David Stein’s book, Money For the Rest of Us – Read reviews of this book
• David Stein’s Podcast, Money for the Rest of Us
• Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.com
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Increase the efficiency of your web team with Pantheon.
• Be prepared for the unexpected with AirMedCare Network.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• How to invest link an endowment
• Why innovation in an asset class.
• Why portfolio construction is the most overlooked activity while security selection is the most overvalued activity
• Why asset allocation drives returns more than security selection
• Ask The Investors: Am I too old to start value investing? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Tweet directly to Mark Yusko
• Mark Yusko’s company Morgan Creek Funds
• Robert Kiyosaki’s book, Rich Dad Poor Dad – Read reviews of this book
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Solve your long list of must-reads once and for all with Blinkist.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Send money abroad the smart way with Transferwise.

In this episode, you'll learn:

• The group’s intrinsic value assessment of $T, $STMP, and $RELIANCE
• Why now is the time to short Vonage Holdings Corp?
• Why activist Elliot Management is taking a position in AT&T
• Why Stamps.com might still be undervalued after the stock just soared 60%
• If Reliance Industries Limited is the Alibaba of India
• Ask The Investors: How do I read the earnings statement for Berkshire Hathaway? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig's free resource, The Intrinsic Value Index
• Subscribe to Preston and Stig's free Intrinsic Value Assessments
• Read Tobias Carlisle's prospectus for his ETF: ZIG
• Tobias Carlisle's new Podcast, The Acquirers Podcast
• Hari's Blog: BitsBusiness
• Stig and Tobias Carlisle’s episode on value investing and the current market conditions.
• Preston and Stig’s intrinsic assessment of Stamps.com
• Tobias Carlisle's book, The Acquirer's Multiple - Read reviews of the book
• Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com
• Tweet directly to Tobias Carlisle
• Tweet directly to Hari
• Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Increase the efficiency of your web team with Pantheon.
• Be prepared for the unexpected with AirMedCare Network.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How to turn commercial real estate into passive income
• Why all stock investors should consider including commercial real estate in their portfolio
• What are the major risk factors of investing in commercial real estate?
• What are the value drivers behind commercial real estate, and how is it different than single-family residence?
• How commercial real estate investors take advantage of imperfect information?

Resources Mentioned:

• Contact Ian Formigle’s directly on LinkedIn
• Ian Formigle’ company, CrowdStreet
• Ian Formigle’s article on Forbes about value drivers of Commercial Real Estate
• CrowdStreet’s free Educational Material
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Compare and buy life insurance the easy way with Policygenius.
• Be prepared for the unexpected with AirMedCare Network.
• Send money abroad the smart way with Transferwise.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• What is the REPO rate and why it’s important for you.
• How the regulations from the 2008 financial crisis have changed the markets today
• How to position yourself in today’s volatile financial markets
• Why the stock market will soar and not the opposite if we experience more QE

Resources Mentioned:

• Luke Gromen’s book, Mr. X interviews – Read reviews of this book
• Luke Gromen’s website, The Forrest for the Trees 
• Luke's Gromen's Twitter Account
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Be prepared for the unexpected with AirMedCare Network.
• Solve your long list of must-reads once and for all with Blinkist.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• Understanding the drivers behind gold
• How to combine blockchain security and gold purchase
• Why there are different types of gold and what is ideal for you
• The current market conditions for the gold price 

Resources Mentioned:

• Ken Lewis’ company, APMEX
• Ken Lewis’ company, OneGold
• The free site Ken Lewis use for his gold research Goldhub.com
• The Investor’s Podcast’s new show Silicon Valley hosted by Shawn Flynn 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Compare and buy life insurance the easy way with Policygenius.
• Send money abroad the smart way with Transferwise.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How to value Bitcoin based on the stock to flow ratio
• What the Bakkt exchange is and why it will change the landscape of Bitcoin
• Why it’s important to understand Sharpe’s ratio when you invest in Bitcoin
• How investors should think about educating themselves about Bitcoin
• Ask The Investors: Should I invest in China?   

Resources Mentioned:

• Tweet directly to Plan B
• Plan B's white paper: Modeling Bitcoin's Value w/ Scarcity
• The highest ranked Bitcoin Authorities
• Stephen Livera’s Podcast 
• Satoshi Nakamoto’s white paper, Bitcoin: A Peer-to-Peer Electronic Cash System
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Increase the efficiency of your web team with Pantheon.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth
• Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more
• Why the clearance mechanisms of central banks will ensure the fiat currency system’s survival
• Why profitable bitcoin mining in the future won’t be using fossil fuels
• Why Altcoins can’t compete with Bitcoin regardless of any current or future technical properties

Resources Mentioned:

• Tweet directly to Saifedean
• Saifedean Ammous’ educational website
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Solve your long list of must-reads once and for all with Blinkist.
• Send money abroad the smart way with Transferwise.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• If now is a good time to short Netflix
• How to value Netflix
• Why value investing has been underperforming for a long period of time
• Why the price to book is not a good indicator for outperformance 

Resources Mentioned:

• Tobias Carlisle’s, Acquirers Fund
• Tobias Carlisle's new podcast, The Acquirers Podcast
• Tobias Carlisle's book, The Acquirer's Multiple - read review of this book
• Tweet directly to Tobias Carlisle
• Visit the home page of our new podcast, Millennial Investing
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Subscribe to IPO Education Foundation's Season 2 of Stroke of Genius and discover how some of the world's greatest innovators were inspired to turn their ideas into reality. 
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How to assess the intrinsic value of Natural Gas Services ($NGS)
• How to assess the intrinsic value of Gencore Industries ($GENC)
• How to assess the intrinsic value of Crimson Wine Group ($CWGL)
• How to value a company based on high asset value
• How to identify that you are at the trough of the cycle
• Ask The Investors: How should I determine position sizes in my portfolio?

Resources Mentioned:

• Eric Cinnamond’s Investment Company, Palm Valley Capital 
• Tool for determining the Correlation of an investment
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Achieve Optimal Sleep Fitness with Eight Sleep.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• Why Quantitative Easing is very likely in the fourth quarter of 2019
• The full picture of the global debt situation
• How Central Banks are all connected
• The outlook for Bitcoin and Gold

Resources Mentioned:

https://www.realvision.com/tv/shows/skin-in-the-game/videos/financial-engineering-unfunded-pensions-and-potential-disaster

• Connect with Raoul Pal on Twitter
• Raoul Pal’s website, Real Vision TV with free videos
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Solve your long list of must-reads once and for all with Blinkist.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How to value Alphabet Inc. and why it’s undervalued
• Why Mastercard and Netflix might be good investments
• Why P/E is not a good indicator when comparing valuation and competitive advantage
• How to identify a shareholder friendly management
• Ask The Investors: What should students know about investing?

Resources discussed during the show:

• Bill Nygren’s website
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Subscribe to IPO Education Foundation's Season 2 of Stroke of Genius and discover how some of the world's greatest innovators were inspired to turn their ideas into reality. 
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How to asses the intrinsic value of Bed Bath & Beyond
• Why Bed Bath & Beyond is shorted so heavily and why it’s an advantage for you as a long investor 
• How to make money in a commoditized business with no moat
• Why Bed Bath & Beyond could be taken private
• Ask The Investors: How do you factor in macro indicators when valuing stocks?

Resources discussed during the show:

• Jesse Felder's popular podcast, Superinvestors
• Jesse Felder's Blog, The Felder Report
• Insider Trading Resource mentioned by Jesse
• Stig's pitch of Bed Bath and Beyond during Q2, 2017
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Solve your long list of must-reads once and for all with Blinkist.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How to value bitcoin using the Mayer Multiple
• Why bitcoin is about bringing trust to a new monetary system
• How bitcoin might look in 5 years from now
• How to think about the energy consumption of bitcoin

Resources discussed during the show:

• Trace's Bitcoin Podcast
• Trace Mayer on Twitter
• More information about the Mayer Multiple
• Follow the Mayer Multiple on Twitter
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
• Send money abroad the smart way with Transferwise.
• Move your business to the cloud with Netsuite.
• Get custom-tailored clothes right from your phone with ProperCloth.
• Get quality shaving at a fair price with Harry's.

In this episode, you'll learn:

• Why we’re not a typical credit cycle.
• The bull and bear case of commodities
• Why the bond market should have higher yields than it has today
• Which big tech stock to invest in and why 

Resources discussed during the show:

• Luke Gromen’s website, The Forrest for the Trees 
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Grow your wealth without sacrificing your values with Swell.
• Send money abroad the smart way with Transferwise.
• Move your business to the cloud with Netsuite.
• Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

In this episode, you'll learn:

• Michael Bloomberg’s top best advice for a successful business career
• Michael Bloomberg’s advice to young entrepreneurs
• What Michael Bloomberg’s childhood was like
• How Michael Bloomberg started his own company
• Ask The Investors: Why is inflation good if you borrow money?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Grow your wealth without sacrificing your values with Swell.
• Let Commonwealth Bank tell you what you need to know, when you need to know it.
• Solve your long list of must-reads once and for all with Blinkist.
• Send money abroad the smart way with Transferwise.

In this episode, you'll learn:

• How to estimate the intrinsic value of Facebook
• The projection of the future growth of Facebook
• What the main threat to Facebook is
• How to assess the competitive situation between Google, Facebook, and Amazon
• Ask The Investors: Is knowing how to estimate the intrinsic value of a stock enough to build a portfolio? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• John Huber's, articles and investment theses
• John Huber's stock pitch of Tencent
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Grow your wealth without sacrificing your values with Swell.
• Let Commonwealth Bank tell you what you need to know, when you need to know it.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• The group’s intrinsic value assessment of $IGGGF, $RP, $SLACK, $AUBN, and $WORK
• If I Got Games is truly as cheap as the numbers indicate
• Whether now is the best time to short RealPage
• If Slack has a sustainable business model
• Why Auburn National Bancorporation is a good dividend stock with little risk
• Ask The Investors: Which investment mistake did you make recently and why? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Preston and Stig's free resource, The Intrinsic Value Index
• Subscribe to Preston and Stig's free Intrinsic Value Assessments
• Read Tobias Carlisle's prospectus for his ETF: ZIG
• Tobias Carlisle's new Podcast, The Acquires Podcast
• Hari's Blog: BitsBusiness
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Grow your wealth without sacrificing your values with Swell.
• Let Commonwealth Bank tell you what you need to know, when you need to know it.
• Get custom-tailored clothes right from your phone with ProperCloth.

On today's show we talk to legendary investor Bill Miller. Miller holds the record for 15 consecutive years beating the S&P 500 as a mutual fund manager. Since 2009, Miller has outperformed the market by achieving a 20.4% annual return.

In this episode, you'll learn:

• How Bill Miller thinks about the Trade War and the implications for the stock investor
• How Bill Miller are sizing his equity positions
• Why Bill Miller is fully invested in stocks right now
• Why the traditional value investing approach has been broken since the 1990s
• Ask The Investors: How can value investors use momentum strategies? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Move your business to the cloud with Netsuite.
• Grow your wealth without sacrificing your values with Swell.
• Let Commonwealth Bank tell you what you need to know, when you need to know it.
• Bill Miller's Investing Website
• Bill Miller's Deep Value Strategies

Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting.

In this episode, you'll learn:

• If Warren Buffett would invest in an index fund with his excess cash of more than $100B?
• How do I decide where to start when building my circle of competences?
• Why Warren Buffett has a different view on Corporate Governance than Corporate America
• How Warren Buffett thinks about AI and machine learning, and if it will change the landscape of employment
• Ask The Investors: How do I value emerging moats? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Grow your wealth without sacrificing your values with Swell.

Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting.

In this episode, you'll learn:

• Why Warren Buffett bought back more shares in Q1 2019 than all of 2018.
• Why Warren Buffett thinks he overpaid for Kraft Heinz
• Warren Buffett’s advice to aspiring money managers
• What Warren Buffett thinks about his position in Apple
• Ask The Investors: What is your opinion on leveraged buybacks?

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Move your business to the cloud with Netsuite.
• Grow your wealth without sacrificing your values with Swell.

During this week’s episode, Preston and Stig talk to leading crypto-expert, Tuur Demeester. Tuur is a world-renown economist and investor that focuses on Bitcoin and other blockchain technologies. During the discussion, Tuur explains some of his opinions on why some technologies and protocols.

In this episode, you'll learn:

• Why and how Mark Zuckerberg and Jack Dorsey want to utilize the technology behind cryptocurrency
• Why Bitcoin will prevail and remain the most valuable cryptocurrency
• How to understand the cycles of Bitcoin
• What the biggest risk is for Bitcoin investors

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Tuur Demeester’s report, Bitcoin in Heavy Accumulation
• Tuur Demeester's Twitter
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Start hosting with Airbnb.
• Achieve Optimal Sleep Fitness with Eight Sleep.

In this episode, you'll learn:

• What the value spread is and how to do identify it?
• What the difference is between a mutual fund and an ETF
• What will happen to the cheapest value stocks if the market crashed
• What you might want to be long Fiat Chrysler and short Tesla
• Ask The Investors: What the best value investing curriculum? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Read the prospectus to Tobias Carlisle's ETF: ZIG
• Tobias Carlisle's new podcast, The Acquires Podcast
• 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
• Guy Spier's book, The Education of a Value Investor - read reviews of this book
• Preston's free course, Warren Buffett Investing Course
• Larry Cunningham's book, The Essay's of Warren Buffett - read reviews of this book
• Thomas Ittelson's book, Financial Statements - read reviews of this book
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Get custom-tailored clothes right from your phone with ProperCloth.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• How and why Twitter and Square was founded
• How Jack thinks about the future of payment processing with Square
• Why you should invest in megatrends, and which mega trend to follow if you invest in consumer internet 
• The two main lessons Jack learned from founding twitter
• Ask The Investors: Do you invest your monthly cash flow or do you invest a few times per year? 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Start hosting with Airbnb.
• Enjoy personal delivery anytime with Postmates.

IN THIS EPISODE, YOU'LL LEARN

• How Mohnish Pabrai is reading Warren Buffett’s letters to shareholders
• Who is Mohnish Pabrai cloning?
• How Mohnish Pabrai is evaluating the performance of his investments
• Why Mohnish Pabrai will never own an insurance company again
• Ask The Investors: How do you determine the expected future growth of a company

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Move your business to the cloud with Netsuite.

In this episode, you'll learn:

• The bull and bear thesis behind investing in fine art
• The key metrics behind valuing fine art
• If fine art has a place in your portfolio
• Why art by great artists might be value traps
• How the ultra rich are moving the market 

BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

• Learn more about Scott’s company, Masterworks
• Citibank’s report about the Global Art Market
• Learn more about the art market on ArtPrice.com
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Get quality shaving at a fair price with Harry's.
• Solve your long list of must-reads once and for all with Blinkist.

In this episode, you'll learn:

• What an opportunity zone is and how to value them
• How to understand the importance of the interest rate in commercial real estate.
• How to diversify in commercial real estate
• How to take an index approach in real estate investingmarket

Important Links:

• Ian Formigle’ company, CrowdStreet
• CrowdStreet’s free educational material
• CrowdStreet’s webinar about Opportunity Zones
• Tweet directly to Twitter for questions about commercial real estate: @CrowdStreet
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Move your business to the cloud with Netsuite.
• Start hosting with Airbnb.
• Refinance your student loan with First Republic.

In this episode, you'll learn:

• How and why you want to pivot your company
• Which skills you need to acquire while you grow with your company
• How and why you should keep looking for the right mentors throughout your life
• How Evan Goldberg started an accounting company without reading an accounting book 

Resources mentioned during the show:

• Move your business to the cloud with NetSuite
• Preston and Stig’s comparison of stock brokers
• Solve your long list of must-reads once and for all with Blinkist
• Find the best job candidate at Ziprecruiter
• Watch Billions only at STAN.
• Refinance your student loan with First Republic

Watch the video of the live interview at:

Preston's Youtube Channel

Stig's Youtube Channel

TIP238 Show Notes at The Investor's Podcast Website

In this episode, you'll learn:

• How to factor disruption technologies into your investment thesis
• How to locate an emerging moat for a business
• Why we should evaluate our stock performance using stress adjusted returns
• How to read Warren Buffett’s letters to shareholders
• Ask The Investors: How do I choose the best stock broker? 

Resources mentioned during the show:

• Preston and Stig’s comparison of stock brokers
• Sanjay Bakshi’s blog post about return per unit of stress
• Warren Buffett’s letters to shareholders
• Hari Ramachandra’s interview with Sanjay Bakshi
• Tweet directly to Sanjay Bakshi
• Solve your long list of must-reads once and for all with Blinkist
• Find the best job candidate at Ziprecruiter
• Watch Billions only at STAN.
• Refinance your student loan with First Republic
• Move your business to the cloud with Netsuite

• Download Richard Smiths' free report and try his system free for 30 days
• Richard Smith's Blog
• Daniel Crosby’s book, The Behavioral Investor – Read reviews of this book
• Solve your long list of must-reads once and for all with Blinkist.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Access a world of knowledge with The Great Courses Plus.
• Home security done right with SimpliSafe.
• Watch Billions only at STAN.
• Simplify writing for you and your team with Grammarly.
• Get quality shaving at a fair price with Harry's.
• Join Stig and Evan Goldberg at the SuiteWorld Conference this April 2019 + Get to meet and greet Stig afterwards! Learn more here.

In this episode, you'll learn:

• How to pick small gold stocks that are most likely to be bought out by large competitors
• How to analyze and pick gold stocks
• How to analyze and conclude on the current state of the gold industry
• How and why you can be paid twice with a private placement investment

Important Links:

• Marin Katusa’s special offer for the listeners of The Investor’s Podcast including his free book
• Marin Katusa’s free research report exclusively for the listeners of The Investor’s Podcast
• Marin Katusa’s website, Katusa Research  
• Tweet directly to Marin Katusa: @MarinKatusa
• Solve your long list of must-reads once and for all with Blinkist.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Watch Billions only at STAN.
• Simplify writing for you and your team with Grammarly.
• Join Stig and Evan Goldberg at the SuiteWorld Conference this April 2019 + Get to meet and greet Stig afterwards! Learn more here.

In this episode, you'll learn:

• If Bed Bad & Beyond is finally trading at a good price for value investors
• Why Nucor, Steel Dynamics, and the entire industry is trading at appealing prices. 
• Why it’s an advantage for investors that Alibaba is a Chinese company and not a US company 
• If Microsoft is a good defensive investment in an overvalued market 

Important Links:

• Preston and Stig’s free resource, Intrinsic Value Index
• Preston and Stig’s Intrinsic Value Assesment of Bed Bath & Beyond, that was discussed in this episode
• Subscribe to Preston and Stig’s free Intrinsic Value Assessments
• Tobias Carlisle’s new podcast, The Acquirers Podcast
• Solve your long list of must-reads once and for all with Blinkist.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Watch Billions only at STAN.
• Simplify writing for you and your team with Grammarly.
• Join Stig and Evan Goldberg at the SuiteWorld Conference this April 2019 + Get to meet and greet Stig afterwards! Learn more here.

On today's show, we talk to Dr. James Rickards about central banks and their impact on financial markets.  

In this episode, you'll learn:

• How and why the FED is preparing for the next recession
• How the Fed Chairman is signaling to the market what he plans to do.
• Why having a strong dollar is currently the least bad economic policy
• Why the world is currently dependent on the US dollar, and how a new system is built not to include it
• What happens if the stock market is made up by passive investors and the computers make the decisions

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Access a world of knowledge with The Great Courses Plus.
• Home security done right with SimpliSafe.
• Stop wondering and start saving with ME Bank.
• Simplify writing for you and your team with Grammarly.
• Join Stig and Evan Goldberg at the SuiteWorld Conference this April 2019 + Get to meet and greet Stig afterwards! Learn more here.

On today's show, we learn valuable investing lessons from legend Stanley Druckenmiller.

In this episode, you'll learn:

• Why Stanley Druckenmiller makes many small bets in the market if he had a down year
• Stanley Druckenmiller’s thoughts on the optimal Monetary Policy
• Why price signals from the market is no longer a good predictor in the stock market 
• The Investor’s Podcast: Why are Hedge Fund managers celebrated when Mutual Fund managers are not

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Access a world of knowledge with The Great Courses Plus.
• Home security done right with SimpliSafe.
• Stop wondering and start saving with ME Bank.
• Simplify writing for you and your team with Grammarly.

On today's show, we talk to World Poker Champion, Annie Duke, about how she thinks in bets.  

In this episode, you'll learn:

• Why we should make decisions the same way as making bets
• How to separate the decision and the result and why it’s important
• Why it makes sense to offer the right person $30,000 to spend 30 days in Des Moines (seriously!)
• How to seek the truth together as a group

Important Links:

• Annie's new book: Thinking in Bets
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Make your business travels easy with Clear.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.
• Solve your long list of must-reads once and for all with Blinkist.
• Stop wondering and start saving with ME Bank.

On today's show, we learn valuable lessons from Silicon Valley billionaire Larry Ellison.

In this episode, you'll learn:

• How to deal with critique and search for the truth
• How the very early years of a persons life might greatly impact their personality and approach to solving problems.
• Why Apple might not have been the Apple we know today without Larry Ellison
• The Investor’s Podcast: What is the difference between Warren Buffett’s Owner Earning and EBITDA 

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Make your business travels easy with Clear.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.
• Solve your long list of must-reads once and for all with Blinkist.
• Stop wondering and start saving with ME Bank.

On today's show, we learn valuable lessons from Silicon Valley billionaire Reid Hoffman.

In this episode, you'll learn:

• What is the secret to the success of Silicon Valley?
• How to manage a company that is growing at 2.5% - per day!
• How to use your network to find new job opportunities
• Why financing and distribution is just as important as the product you are selling
• Ask The Investor’s Podcast: How do I value fast growing unlisted companies? 

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Make your business travels easy with Clear.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.
• Solve your long list of must-reads once and for all with Blinkist.
• Stop wondering and start saving with ME Bank.

On today's show, we talk to the best-selling author, Jonathan Tepper about investing during Bear Markets.

In this episode, you'll learn:

• If a severe bear market is possible when the economy is strong
• The most misunderstood concept in bear markets
• How to think about shorting securities
• How to take long positions in bear markets 

Important Links:

• Jonathan Tepper's website, Variant Perception
• Jonathan's twitter
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Refinance your student loan with First Republic.
• Move your business to the cloud with Netsuite.
• Make your business travels easy with Clear.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.
• Solve your long list of must-reads once and for all with Blinkist.

On today’s show we bring back our good friend, Jesse Felder. Jesse is a former multi-billion dollar hedge fund manager out of Santa Monica California. Jesse is regularly featured on the Wall Street Journal, Barron’s, and many other national level business outlets. 

In this episode, you'll learn:

• Why Warren Buffett’s valuation metric for the stock market forecasts around a 0% return over the next 10 years
• Why Warren Buffett has refinanced his debt and what it means for you as an investor and house buyer
• Why Ray Dalio and Jesse Felder think that the dollar is entering a bear market
• Which gold stocks to take a position in and why

Important Links:

• Jesse Felder's popular podcast, Superinvestors
• Jesse Felder's Blog
• Jesse's twitter
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Move your business forward with TripActions.
• Explore a mobile plan that can change as your business does with Telstra.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.
• Solve your long list of must-reads once and for all with Blinkist.

In this episode, you’ll learn:

• What Charles Koch thinks are the key ingredients to being successful in business
• The importance of market-based management
• How Charles Koch’s choose among business opportunities
• Why creative destruction is and why it’s important in business and stock investing
• Ask The Investors: What do you think about Ray Dalio’s All Weather Portfolio?

Important Links:

• Preston and Stig’s discussion of Charles Koch’s book, The Science of Success 
• Preston and Stig’s Executive Summary of Charles Koch’s book, The Science of Success
• Preston and Stig’s discussion of Ray Dalio’s new book, Big Debt Crises
• Preston and Stig’s discussion of Clayton Christensen’s book, The Innovator’s Dilemma
• Preston and Stig’s discussion of Tony Robbins’ book, Money Master the Game
• Angela Duckworth’s book, Grit – Read reviews of this book
• The Investor’s Podcast’s guidelines to the Berkshire Hathaway Annual Shareholder’s meeting 2019
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.
• Explore a mobile plan that can change as your business does with Telstra.
• Access a world of knowledge with The Great Courses Plus.
• Home security done right with SimpliSafe.
• Solve your long list of must-reads once and for all with Blinkist.

In this episode, you'll learn:

• Why and how Peter Thiel is always inverting his thinking and why you should do the same
• Why visionaries think in terms of a tipping point of employees rather than a tipping point for revenue
• What Peter Thiel knows that no one agrees with him on.
• Why computers replacing people is an angst narrative that is not true
• Ask The Investors: How much should value investors pay attention to the bond yield curve? 

Important Links:

• Preston and Stig’s discussion of Peter Theil’s book, Zero to One
• Preston and Stig’s executive summary of Peter Theil’s book, Zero to One
• Reid Hoffman’s book, Blitzscaling – Read reviews of this book
• Ryan Holiday’s book, Conspiracy - Read reviews of this book
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.
• Explore a mobile plan that can change as your business does with Telstra.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.

Topics on Today’s Show:

• Why Ray Dalio thinks that the US Dollar could depreciate 30%
• Why the financial crisis in 2007-2011 was solved much faster than the Great Depression
• How to diagnose in which stage of a debt crisis an economy is in
• How a fixed exchange rate can both be the solution and the problem of a debt crisis 

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Move your business forward with TripActions.
• Explore a mobile plan that can change as your business does with Telstra.
• Access a world of knowledge with The Great Courses Plus.
• Build wealth through real estate with Roofstock.
• Home security done right with SimpliSafe.
• Ray Dalio’s video, How the Economic Machine Works 
• Ray Dalio’s interview where he mentions the 30% decline in the value of the dollar
• Ray Dalio’s new book on Amazon: Big Debt Crises
• Ray Dalio’s new book on pdf: Big Debt Crises

Topics on Today’s Show:

• The story behind starting up Dell 
• Why a negative cash conversion cycle is key for the growth of any business 
• How Michael Dell created a strategy for rapid growth 
• Which challenges Michael Dell had and how he overcame them 
• Ask the Investors: How do you find a co-founder, and how did Preston and Stig meet? 

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.
• Explore a mobile plan that can change as your business does with Telstra.

In this episode, you’ll learn:

• The group’s intrinsic value assessment of $HPQ, $FONR, $SH, and $HDB
• Why Preston is shorting the S&P500
• If banks in India is a bull case
• How you can divide the stock market into four states, and how to position yourself accordingly

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.
• Explore a mobile plan that can change as your business does with Telstra.
• Preston and Stig’s free resource, Intrinsic Value Index
• Preston and Stig’s Intrinsic Value Assessment of Fonar that was discussed in this episode
• Subscribe to Preston and Stig’s free Intrinsic Value Assessments
• Tobias Carlisle’s article about shorting the market
• 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: @harirama

In this episode, you'll learn:

• Why and how commercial real estate has generated double-digit returns historically
• Why the best investments in commercial real estate can be found in secondary markets
• How to detect inefficiency in commercial real estate
• How and why now might be the time to consider asset classes with no correlation to the stock market

Important Links:

• Ian Formigle’ company, CrowdStreet
• CrowdStreet’s free educational material
• Tweet directly to Twitter for questions about commercial real estate: @CrowdStreet
• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Send money overseas without being short-changed with WorldFirst.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.

In this episode, you'll learn:

• Why a very special girl was the best guest among 35,000 interviews, Oprah conducted throughout her career
• How Oprah found her calling
• How Oprah is assembling her team
• How Oprah chose her personality
• Ask The Investors: Do you use components of dollar cost averaging as intrinsic value investors? 

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Solve your long list of must-reads with Blinkist.
• Send money overseas without being short-changed with WorldFirst.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.

In this episode, you'll learn:

• Why we’re not in a typical credit cycle.
• The bull and bear case for commodities
• Why the bond market should have higher yields than it has today
• Which big tech stock to invest in and why 

Important Links:

• Download your free audio book at Audible.
• Find the best job candidate at Ziprecruiter.
• Create original investment research with INVRS.
• Move your business to the cloud with Netsuite.
• Solve your long list of must-reads with Blinkist.
• Send money overseas without being short-changed with WorldFirst.
• Keep learning and thriving with Skillshare.
• Get access to the future of real estate investing with Fundrise.
• Move your business forward with TripActions.