The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

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Latest Episodes:

BTC233: Bitcoin & Texas A Roadmap for the Global Financial Shift w/ Parker Lewis (Bitcoin Podcast) May 07, 2025

Show notes

This episode explores Bitcoin’s emerging role as a global economic force, from its convergence as money to grid integration, payment tech, and strategic policy shifts.

Preston and Parker also spotlight Zaprite's innovations for Bitcoin payments and the broader implications of CBDCs and regulatory changes.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:12 - Key developments in Texas: grid reliability, strategic reserves, and Bitcoin Park

07:12 - How Bitcoin mining can support energy grid reliability and cost efficiency

09:47 - Economic pros and cons of a U.S. Strategic Bitcoin Reserve.

12:57 - Navigating regulatory pressures while fostering innovation in the Bitcoin space

14:08 - How Zaprite helps businesses integrate Bitcoin payments with ease

15:50 - The impact of Zaprite’s new Payments API on the merchant landscape

21:26 - Why Bitcoin, not crypto, is positioned as the singular monetary convergence point

27:51 - The rationale behind global convergence toward Bitcoin as a monetary standard

28:41 - The role and future of stablecoins in a Bitcoin-dominant ecosystem

34:35 - The feasibility of Bitcoin becoming a global reserve currency

41:00 - Bitcoin as a hedge against inflation and the response to CBDCs

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

BOOKS AND RESOURCES

Parker’s book, Gradually, Then Suddenly.
Start accepting Bitcoin payments through ⁠Zaprite⁠.
Parker’s⁠ X Acount⁠.
Related Video: ⁠Bitcoin, Not Crypto⁠.
Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠here⁠⁠⁠⁠.
Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠.

NEW TO THE SHOW?

Join the exclusive ⁠⁠TIP Mastermind Community⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: ⁠⁠X (Twitter)⁠⁠ | ⁠⁠LinkedIn⁠⁠ | | ⁠⁠Instagram⁠⁠ | ⁠⁠Facebook⁠⁠ | ⁠⁠TikTok⁠⁠.
Check out our ⁠⁠Bitcoin Fundamentals Starter Packs⁠⁠.
Browse through all our episodes (complete with transcripts)⁠⁠here⁠⁠.
Try our tool for picking stock winners and managing our portfolios: ⁠⁠TIP Finance Tool⁠⁠.
Enjoy exclusive perks from our ⁠⁠favorite Apps and Services⁠⁠.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠The Intrinsic Value Newsletter⁠⁠.
Learn how to better start, manage, and grow your business with the⁠⁠best business podcasts⁠⁠.

SPONSORS

Support our free podcast by supporting our ⁠⁠sponsors⁠⁠:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP719: Investing and Life Lessons w/ Mohnish Pabrai May 04, 2025

Show notes

On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig’s metaphorical restaurant and together taste new wonderful dishes in investing and life.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:36 - How stock investors can truly think like the owners of the business

10:09 - Which advice would Mohnish give to himself at ages 40 and 50

20:48 - Why you should learn from your mistakes, but not too much

33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game

35:41 - Why you need to work with the fewest possible variables in philanthropy

51:30 - How to look at an “execution moat”

1:00:59 - Why Stig thinks that Mohnish is over diversified

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

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠here⁠⁠.
Join the exclusive ⁠⁠TIP Mastermind Community⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Mohnish Pabrai’s website.
Learn more about Mohnish Pabrai’s Dakshana Foundation.
Our interviews with Mohnish Pabrai about The Inner Scorecard.
Our interviews with Mohnish Pabrai about Masterclass Investing.
Our interviews with Mohnish Pabrai about investing in stocks.
Our interviews with Mohnish Pabrai about value investing and philanthropy.
Check out all the books mentioned and discussed in our podcast episodes ⁠⁠here⁠⁠.
Enjoy ad-free episodes when you subscribe to our ⁠⁠Premium Feed⁠⁠.

NEW TO THE SHOW?

Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠The Intrinsic Value Newsletter⁠⁠.
Check out our ⁠⁠We Study Billionaires Starter Packs⁠⁠.
Follow our official social media accounts: ⁠⁠X (Twitter)⁠⁠ | ⁠⁠LinkedIn⁠⁠ | ⁠⁠Instagram⁠⁠ | ⁠⁠Facebook⁠⁠ | ⁠⁠TikTok⁠⁠.
Browse through all our episodes (complete with transcripts) ⁠⁠here⁠⁠.
Try our tool for picking stock winners and managing our portfolios: ⁠⁠TIP Finance Tool⁠⁠.
Enjoy exclusive perks from our ⁠⁠favorite Apps and Services⁠⁠.
Learn how to better start, manage, and grow your business with the ⁠⁠best business podcasts⁠⁠.

SPONSORS

Support our free podcast by supporting our ⁠⁠sponsors⁠⁠:

HELP US OUT!

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

Support our show by becoming a premium member!

https://premium.theinvestorspodcast.com/

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP718: Buffett & Munger Unscripted by Alex Morris May 02, 2025

Show notes

In this episode, Clay dives into Buffett and Munger Unscripted by Alex Morris. This book is a treasure trove of timeless investing wisdom from decades of Berkshire Hathaway annual meetings.

The episode highlights Warren and Charlie’s most powerful lessons on capital allocation, business quality, temperament, and how to achieve long-term investing success. Whether you're a lifelong Buffett fan or just stepping into the world of value investing, this episode is packed with insights you won’t want to miss.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:48 - Why Buffett and Munger believe there’s no such thing as non-value investment.

07:45 - Why Buffett avoids complex financial models and sticks to common sense.

08:05 - The traits that define a truly great business—and why those are so rare.

14:57 - How capital allocation drives long-term shareholder value and Berkshire’s success.

24:29 - How Buffett thinks about share buybacks and dividends.

26:27 - The importance of understanding and trusting management and company culture.

38:53 - Why most of Berkshire’s success came from just a handful of decisions.

49:48 - How Buffett and Munger handle market volatility and avoid emotional decisions. 56:26 - The role of temperament in investing and why intelligence alone isn’t enough.

58:15 - Why short selling rarely works and why index funds are still a powerful tool.

And so much more!

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

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠here⁠.
Join the exclusive ⁠TIP Mastermind Community⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Alex Morris’ book: Buffett & Munger Unscripted.
Alex’s research service: The Science of Hitting.
Book mentioned: The Essays of Warren Buffett.
Mentioned Episode: TIP697: The Secret to Buffett's Business Success w/ Lawrence Cunningham.
Mentioned Episode: TIP550: Masterclass w/ Mohnish Pabrai.
Mentioned Episode: TIP693: The Power Law w/ Clay Finck.
Mentioned Episode: TIP626: Intelligent & Rational Long-Term Investing w/ Francois Rochon.
Mentioned Episode: TIP620: The Intelligent Investor by Benjamin Graham.
Follow Alex on X and LinkedIn.
Follow Clay on ⁠LinkedIn⁠ & ⁠X⁠.
Check out all the books mentioned and discussed in our podcast episodes ⁠here⁠.
Enjoy ad-free episodes when you subscribe to our ⁠Premium Feed⁠.

NEW TO THE SHOW?

Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠The Intrinsic Value Newsletter⁠.
Check out our ⁠We Study Billionaires Starter Packs⁠.
Follow our official social media accounts: ⁠X (Twitter)⁠ | ⁠LinkedIn⁠ | ⁠Instagram⁠ | ⁠Facebook⁠ | ⁠TikTok⁠.
Browse through all our episodes (complete with transcripts) ⁠here⁠.
Try our tool for picking stock winners and managing our portfolios: ⁠TIP Finance Tool⁠.
Enjoy exclusive perks from our ⁠favorite Apps and Services⁠.
Learn how to better start, manage, and grow your business with the ⁠best business podcasts⁠.

SPONSORS

Support our free podcast by supporting our ⁠sponsors⁠:

HELP US OUT!

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

Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

BTC232: Bitcoin Allocation in a Changing Monetary Standard w/ Jim Crider (Bitcoin Podcast) Apr 30, 2025

Show notes

This episode explores how Bitcoin investors can build resilient portfolios, respond to economic slowdowns, and make smarter money and time decisions.

Expert insights on real estate trends, estate planning, and hedging strategies round out a comprehensive discussion.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:45 - The sustainability of Bitcoin's rally and long-term price outlooks.

05:35 - Trends in Bitcoiners' real estate investments amid housing illiquidity.

07:43 - How to interpret downgraded global growth forecasts for personal planning.

11:12 - How Bitcoiners can diversify portfolios while managing volatility.

19:45 - Entrepreneurial vs. employment decisions in today’s financial climate.

20:37 - Hedging strategies for crypto portfolios under regulatory uncertainty.

21:05 - Shifts in investor behavior during inflationary slowdowns.

21:22: The impact of macroeconomic trends on Bitcoin investment strategies.

29:00 - The estate and tax implications of a Strategic Bitcoin Reserve.

36:09 - Lifestyle shifts prioritizing time over income in economic downturns.

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

BOOKS AND RESOURCES

Jim’s website.
Jim’s⁠ X Account⁠.
Check out all the books mentioned and discussed in our podcast episodes ⁠⁠here⁠⁠.
Enjoy ad-free episodes when you subscribe to our ⁠⁠Premium Feed⁠⁠.

NEW TO THE SHOW?

Join the exclusive ⁠TIP Mastermind Community⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: ⁠X (Twitter)⁠ | ⁠LinkedIn⁠ | | ⁠Instagram⁠ | ⁠Facebook⁠ | ⁠TikTok⁠.
Check out our ⁠Bitcoin Fundamentals Starter Packs⁠.
Browse through all our episodes (complete with transcripts)⁠here⁠.
Try our tool for picking stock winners and managing our portfolios: ⁠TIP Finance Tool⁠.
Enjoy exclusive perks from our ⁠favorite Apps and Services⁠.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠The Intrinsic Value Newsletter⁠.
Learn how to better start, manage, and grow your business with the⁠best business podcasts⁠.

SPONSORS

Support our free podcast by supporting our ⁠sponsors⁠:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP717: Berkshire Hathaway 2025 w/ Chris Bloomstran Apr 27, 2025

Show notes

Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.4% on equities since its fund's inception on 2/28/1999, compared to 8.2% for the S&P 500.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:45 - The importance of being trusted for Warren Buffett and Chris Bloomstran

18:20 - Why you may want to own a 10-year treasury over the S&P 500 over the next decade

20:28 - How to estimate whether you’re in a secular peak

27:43 - How active Berkshire should be on the boards of portfolio companies

36:03 - How to take a deep dive into Berkshire Hathaway’s culture and business model

43:53 - What the intrinsic value of Berkshire Hathaway is, and what type of return you can get moving forward

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

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Stig’s 2024 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2023 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway.
Chris Bloomstran’s website.
Read Chris Bloomstran’s annual letters.
Buffett resource on CNBC.
Alex Morris’ book, Buffett and Munger Unscripted – read reviews of the book.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

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

Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP716: The Power of Customer Obsession: Amazon’s Secret Weapon w/ Kyle Grieve Apr 25, 2025

Show notes

On today’s episode, Kyle Grieve explores the DNA of Amazon by tracing Jeff Bezos’s early influences, strategic decisions, and relentless focus on customer experience, revealing how a bold vision and founder-led culture built one of the most dominant businesses in history.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:12 - How Bezos’s childhood brilliance helped forged Amazon’s DNA.

03:22 - Why self-reliance helped Bezos repeatedly invent out of failure.

06:02 - How DE Shaw inspired Amazon’s hiring bar and secretive innovations.

14:18 - Why founder-led companies tripled returns vs peers from 1990–2014.

17:07 - How Amazon used user reviews to build trust and boost Amazon’s moat.

24:20 - How one-click ordering deepened customer loyalty and competitive defensibility.

41:05 - The importance of Amazon Prime and how it affected customer churn and loyalty.

51:51 - How AWS was born.

54:27 - How Amazon has used its scale and competitive positioning to acquire competitors.

And so much more!

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

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read The Everything Store: Jeff Bezos and the Age of Amazon here.
Read Invent and Wander: The Collected Writings of Jeff Bezos here.
Read Delivering Happiness: A Path to Profits, Passion, and Purpose here.
Follow Kyle on X and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

BTC231: Bitcoin Nation State Adoption Paradox - A Trojan Horse w/ Alex Gladstein (Bitcoin Podcast) Apr 23, 2025

Show notes

Alex Gladstein unpacks the hidden power dynamics of financial privilege, the shifting terrain of surveillance, and why Bitcoin might be the most unexpected tool in the fight for human rights

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

08:23 - Why self-custody is essential to the philosophical core of financial freedom

13:12 - How grassroots Bitcoin movements are reshaping power dynamics

14:02 - The complex role of social media in Bitcoin advocacy

14:27 - What recent developments are challenging or reinforcing core beliefs

16:07 - How Bitcoin acts as a stealth disruptor of corrupt systems

17:29 - Real-world humanitarian uses of Bitcoin, including crisis response

18:49 - The implications of rising financial surveillance—even in democracies

19:43 - Why financial privilege blinds many in the West to global monetary injustice

21:07 - Where the next frontier of Bitcoin and human rights may emerge

49:03 - How writing a full-length book reframed the guest’s understanding of scale and resistance

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

BOOKS AND RESOURCES

Alex’sX Account.
Human Rights Foundation.
Related Video: Princess of the Yen.
Bitcoin Is A Trojan Horse For Freedomby Alex Gladstein.
Alex’s books: Check Your Financial Privilege and Hidden Repression: How the IMF and World Bank Sell Exploitation as Development.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with thebest business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

RWH056: Calm Amid The Storm w/ Christopher Begg Apr 20, 2025

Show notes

In this episode, William Green chats with Christopher Begg, an exceptional hedge fund manager who is the CEO & CIO of East Coast Asset Management. Chris has also taught for many years at Columbia Business School, where he teaches the prestigious Security Analysis course that Warren Buffett took with Ben Graham in 1951. Here, Chris discusses how to stay calm amid market turmoil; how he identifies great businesses; why Tesla could deliver extraordinary long-term returns; & how he builds a balanced life in 7 key areas.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:54 - How Christopher Begg handles extreme market turmoil.

04:07 - Why he loves volatility & how he exploits it.

06:27 - What 3 qualities he seeks when identifying an exceptional business.

18:19 - Why temperament is the key to investment success.

28:06 - How Perimeter Solutions embodies what he looks for in a stock.

31:49 - How value investing has evolved to what he calls “Value 3.0.”

42:15 - Why Tesla could deliver “extraordinary” returns over many years.

42:15 - What he thinks of Elon Musk.

01:11:13 - Why the secret of success is “persistent incremental progress.”

01:13:48 - How a 66-day challenge helped Chris to nurture good habits.

01:26:06 - How Buffett & Munger won the investing game with “class & virtue.”

01:34:18 - How to design a balanced, joyful, & spacious life.

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

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Chris Begg’s investment firm, East Coast Asset Management.
Marcel Proust's In Search of Lost Time.
Tanya Luhrmann's How God Becomes Real.
Maurice Merleau-Ponty's Phenomenology of Perception.
Douglas Adams' The Hitchhiker’s Guide to the Galaxy.
Richard Bach's Jonathan Livingston Seagull.
James Carse's Finite & Infinite Games.
David Whyte's Consolations & Consolations II.
Madeleine Green's song discussed by William & Chris.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
Follow William Green on X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP715: Thinking in Bets by Annie Duke Apr 18, 2025

Show notes

In this episode, Clay explores the book Thinking in Bets by Annie Duke, a guide to making better decisions under uncertainty.

Drawing from her career as a professional poker player, Annie shares how to separate decision quality from outcomes and avoid the trap of “resulting.” Clay also discusses how our brains are wired for certainty, why embracing probabilistic thinking leads to better outcomes, and the value of building a truth-seeking support system. Additionally, he uncovers tools like backcasting, premortems, and kill criteria to improve long-term decision-making as investors.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:36 - What it means to “think in bets” and how poker can sharpen decision-making.

05:57 - The concept of “resulting” and how it distorts our ability to evaluate decisions.

08:17 - Why good decisions can still lead to bad outcomes—and vice versa.

09:41 - The role of System 1 vs. System 2 thinking in making better choices.

10:44 - How investing parallels poker with incomplete information and uncertainty.

26:29 - How to build a feedback loop that separates luck from skill.

34:03 - The importance of building a truth-seeking group or “buddy system.”

35:02 - The dangers of confirmation bias and how beliefs are often formed by default.

52:54 - How backcasting and premortems can help map out future decisions.

57:16 - The power of setting kill criteria to avoid emotional decision-making.

And so much more!

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

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Annie Duke’s book: Thinking in Bets.
Mentioned book: Big Mistakes.
Related Episode: TIP623: The Art of Decision Making w/ Annie Duke.
Related Episode: RWH015: Betting Better in Markets and Life w/ Annie Duke.
Follow Clay on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

BTC230: Bitcoin's Political Shift w/ Brian Estes and Perianne Boring (Bitcoin Podcast) Apr 16, 2025

Show notes

Perianne Boring and Brian Estes join the show to break down today’s most pressing crypto issues—from rising tariffs and DOJ coin audits to the White House Digital Asset Summit.

They share insights on the evolving market structure, the future of stablecoin legislation, and how Washington is shaping the next phase of digital finance. Plus, a look at Bitbonds, Thank God For Bitcoin, and the under-the-radar trends that could define the next cycle.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:29 - Key takeaways from the White House Digital Asset Summit

05:48 - Where the stablecoin bill stands and what’s holding it up

04:12 - Senator Moreno's legislative roadmap on digital assets

10:27 - Why tariffs are making headlines again and how they affect digital assets

15:17 - Market trends that may be flying under the radar

19:54 - What the DOJ coin audits mean for the crypto industry

28:10 - How the market structure is evolving with increased regulation

35:58 - The future of banking post-stablecoin legislation

43:05 - How Bitbonds could play a role in the next wave of crypto innovation

52:20 - Insights from the film Thank God For Bitcoin

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

BOOKS AND RESOURCES

Related episode: Making THE Bitcoin Movie w/ Kelly and Brian Estes.
Link to the movie: God Bless Bitcoin.
The Digital Chamber’s Website.
Perianne's X Account.
Brian’s X Account.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with thebest business podcasts.