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

Copyright: © This content is for educational purposes only. This content cannot be used for commercial use without written permission from the The Investor's Podcast Network.

Latest Episodes:

TIP696: Mastermind Discussion Q1, 2025 w/ Stig Brodersen, Tobias Carlisle, and Shawn O'Malley Feb 02, 2025

Show notes

In today's episode, Stig Brodersen is talking stocks with Tobias Carlisle and Shawn O’Malley. Tobias is pitching VeriSign, a business that prints money with high certainty year after year. Stig’s pick is the serial acquirer LIFCO, a wonderful company priced for perfection that he is on his watch list. Shawn’s stock of choice is the compounder, Ulta Beauty.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:19 - Why Toby is bullish on VeriSign (Ticker on NASDAQ: VRSN)

07:29 - The bear case of VeriSign, including the threat of AI

26:40 - Stig’s bull case is for Lifco (Ticker on the Swedish Stock Exchange: Lifco-B)

42:35 - The bear case for Lifco, including what it implies to be priced for perfection.

1:07:45 - Why Shawn has invested in Ulta Beauty (Ticker on NASDAQ: ULTA)

1:26:46 - The bear case for Ulta includes competitive pressure from Sephora and the CEO stepping down.

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Stig Brodersen’s Portfolio and Track record.
Listen to Mastermind Discussion Q4 2024 or watch the video.
Listen to Mastermind Discussion Q3 2024 or watch the video.
Listen to Mastermind Discussion Q2 2024 or watch the video.
Tune in to the Mastermind Discussion Q1 2024 or watch the video.
Listen to Mastermind Discussion Q4 2023or watch the video.
Tune in to the Mastermind Discussion Q3 2023 or watch the video.
Listen to Mastermind Discussion Q2 2023 or watch the video.
Tune in to Mastermind Discussion Q1 2023or watch the video.
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.
Tweet directly to Tobias Carlisle.
Tweet directly to Shawn O'Malley.
Check out The Intrinsic Value Podcast on X (Twitter).
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

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://theinvestorspodcastnetwork.supportingcast.fm

TIP695: The Story of Tencent: China's Tech Behemoth w/ Clay Finck Jan 31, 2025

Show notes

While the mainstream headlines often focus on the Magnificent Seven, we’re diving into a global powerhouse that often flies under the radar — Tencent. Based in Shenzhen, China, Tencent is a giant in gaming, social media, and cloud services. From the creation of WeChat—a super-app with over a billion monthly users—to investments in companies like Tesla, Spotify, and Snapchat, Tencent’s story is one of relentless innovation and strategic dominance.

Since its IPO in 2004, shares of Tencent have increased by nearly 500 times, producing an average annual return of 35% per year.

To help cover the story of Tencent, Clay will be sharing what he learned from the book Influence Empire by Lulu Chen.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:54 - Tencent’s journey from IPO to becoming a global tech powerhouse.

05:28 - Lessons from Pony Ma’s leadership and Tencent’s strategic vision.

18:33 - How Tencent’s investments shaped global tech innovation and growth.

31:12 - The evolution and impact of WeChat as a transformative super-app.

49:11 - Insights into Tencent’s dominance in the gaming industry.

57:15 - Challenges of navigating Chinese regulations and political risks.

01:08:47 - Tencent’s role in AI, cloud services, and strategic share buybacks.

And so much more!

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Chen’s book: Influence Empire.
Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page.
Related Episode: Listen to TIP661: Betting Big on China & Lessons from Bear Markets w/ Richard Lawrence.
Related Episode: Listen toTIP636: Billionaire Investing Legend Li Lu w/ Clay Finck.
Related Episode: Listen to TIP682: Buffett's Early Investments.
Follow Clay on Twitter.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

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

BTC219: The Big Print w/ Lawrence Lepard Jan 29, 2025

Show notes

This episode dives deep into the systemic issues of broken money, the hidden impact of inflation, and the concentration of power in financial systems. Our guest unpacks how sound money, Bitcoin, and decentralization could lead to a fairer, more stable society. We discuss historical cycles, societal consequences, and practical steps for individuals to drive meaningful change.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

05:42 - How ‘broken money’ manifests in everyday life and its hidden societal costs.

09:03 - Why inflation acts as a hidden tax and why it remains misunderstood.

11:44 - The role of the Federal Reserve in shaping American society and the economy.

15:02 - Why fiat currencies historically fail and humanity’s recurring lessons.

17:44 - The relevance of Gresham’s Law in a world of competing currencies.

29:20 - The moral argument for sound money and its long-term societal benefits.

33:49 - Practical steps individuals can take to support monetary decentralization.

38:28 - How Bitcoin and decentralization challenge traditional monetary systems.

41:55 - Lessons from history that can guide us through cycles of crisis and renewal.

44:44 - A vision for a future America thriving on sound money principles.

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

BOOKS AND RESOURCES

Lawrence Lepard’s new book,The Big Print.
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

TIP694: The Scuttlebutt Edge: From Research to Returns w/ Kyle Grieve Jan 26, 2025

Show notes

In today's episode, Kyle Grieve will discuss the concept of scuttlebutt, made famous by Philip Fisher in Common Stocks and Uncommon Profits. You’ll learn why scuttlebutt is essential for building conviction and understanding both bullish and bearish perspectives, how it involves learning from key groups connected to a business, how asking the right questions can reveal valuable insights, why Industry specialists and strong networking are crucial for gathering expert knowledge, and how to utilize self-reflection, journaling to continuously improve your decision-making, and much more!

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:55 - Why scuttlebutt is so essential in building conviction and learning about a business.

03:32 - Why scuttlebutt can help you understand bullish and bearish perceptions on a business.

10:03 - The four parties related to a business that you should learn from.

26:34 - What you can learn and what questions to ask a business’s employees, from the people working at the “frontline” to the CEO.

36:49 - How Warren Buffett sleuthed GEICO, which was one of the most impactful events in his life.

49:50 - How to learn from industry specialists and what to ask to learn about specific companies or industries.

54:51 - Details on how Li Lu did scuttlebutt on a very successful investment in Timberland.

55:01 - Why networking is so crucial to the scuttlebutt process.

58:11 - How to use self-reflection and journaling to understand better your mistakes and how to avoid them in the future.

01:07:01 - My four-step framework for learning from my investing mistakes.

And so much more!

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger here.
Follow Kyle on Twitter and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

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

TIP693: The Power Law: Unlocking Venture Capital's Secrets w/ Clay Finck Jan 24, 2025

Show notes

In this episode, Clay explores The Power Law by Sebastian Mallaby and uncovers the secret behind venture capital’s astonishing success.

The Power Law is a fundamental law of the universe that explains why just a handful of disruptive companies, like Google and Tesla, generate the lion’s share of returns. To win in the world of venture capital, investors must seek out bold, unconventional founders to back the next big idea. Tune in to learn how understanding the Power Law can transform your perspective on investing and help you spot tomorrow’s breakout winners.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:53 - The critical role of the Power Law in venture capital and why a few outliers drive most of the returns.

30:54 - How venture capitalists identify and back bold, unconventional founders like Steve Jobs and Elon Musk.

30:54 - The fascinating history behind the rise of venture capital firms like Sequoia Capital and their game-changing investments.

36:22 - Why early-stage companies delay going public and the shift in bargaining power from VCs to founders.

01:06:47 - Insights into the mistakes investors make when exiting too early or dismissing "crazy" ideas that turn into trillion-dollar companies.

01:08:16 - Lessons for public equity investors on spotting disruption and understanding the potential of emerging innovators.

And so much more!

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Mallaby’s book: The Power Law.
Jim Sinegal’s interview with the Motley Fool.
The Science of HittingBlog.
Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page.
Related Episode: Listen to TIP481: Our Story w/ Stig Brodersen & Clay Finck.
Related Episode: Listen to TIP686: Big Tech Stocks w/ Adam Seessel.
Related Episode: Listen to TIP417: The Incredible Story of the PayPal Mafia w/ Jimmy Soni.
Related Episode: Listen to TIP667: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder.
Follow Clay on Twitter.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

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

BTC218: Bitcoin Mining 101 w/ Adam Haynes (Bitcoin Podcast) Jan 22, 2025

Show notes

In this episode, Adam Haynes from SimpleMining.io breaks down Bitcoin mining fundamentals, energy innovations, and advanced technologies like AI and quantum computing. We explore hashrate growth, the debate between mining and buying Bitcoin, and strategies for engaging new adopters.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:43 - The basics of Bitcoin mining and how block templates are created.

04:28 - How transaction fees support the Bitcoin ecosystem.

09:22 - The impact of hashrate growth on Bitcoin’s security and profitability.

11:45 - The role of renewable and nuclear energy in Bitcoin mining.

14:39 - The potential effects of quantum computing on Bitcoin security.

20:40 - Effective ways to introduce and engage new Bitcoin enthusiasts.

22:00 - Dollar-cost averaging (DCA) through mining versus buying Bitcoin.

27:02 - How Bitcoin mining companies might transition to AI-driven data centers.

28:38 - Insights into interest rate trends and their implications for Bitcoin.

30:35 - MicroStrategy’s influence on Bitcoin adoption and corporate treasury strategies.

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

BOOKS AND RESOURCES

Adam’s X Account.
Adam’s LinkedIn Account.
Adam’s company: Simple Mining.
Gigi’s article: Bitcoin is Time.
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

TIP692: Reading the Signals: How To Identify Winning Investments w/ Andrew Martin Jan 19, 2025

Show notes

In today's episode, Kyle Grieve chats with Andrew Martin about how he utilized his PhD in investing, the typical traits Andrew looks for in great investments, valuable physics-related mental models to improve your thinking processes, why Andrew is attracted to smallcap stocks, how Andrew utilizes his inflection point strategy to beat the market, how he evolved from an asset-based investor to where he is today, how to think about technological disruption in low-tech industries and much more!

Andrew Martin is the CEO of Fairlight Capital. Andrew has decades of experience working for large global insurance companies and asset managers managing billions of dollars. He has worked with companies such as Accenture and AIG. Andrew graduated with a B.Sc. in Theoretical Physics from the University of York and a doctorate in Astrophysics from the University of Oxford.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

05:06 - The physical cue that Andrew looks out for to help him subconsciously identify fantastic investing opportunities.

The traits that Andrew searches for in potential investments.

10:53 - How to combat biases in investing to avoid making big mistakes.

12:56 - How to utilize a natural contrarian nature to your advantage in investing.

16:59 - A valuable earthquake mental model to help you find hidden fundamentals that the market can overlook.

28:09 - Why Andrew settled on investing in small-caps.

33:24 - Why Andrew has a few concentrated positions while maintaining a few more minor positions.

38:35 - Andrew's evolution from an asset-based value investor to a growth at a reasonable price investor.

01:02:04 - How technology is disrupting low-tech industries and rapidly transforming business models.

And so much more!

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read Andrew’s investor letters here.
Follow Kyle on Twitter and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

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

TIP691: Sol Price: The Retail Visionary Behind Costco w/ Clay Finck Jan 17, 2025

Show notes

Clay dives into the life and legacy of Sol Price, the pioneering retail entrepreneur who revolutionized the industry with FedMart and Price Club, ultimately leading to the creation of Costco.

The episode explores how Price's business philosophies, including treating employees well and maintaining a relentless focus on providing value to customers, inspired iconic entrepreneurs like Sam Walton and Jeff Bezos.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:45 - The story of Sol Price starting Fedmart and Price Club.

19:30 - Sol Price’s core business philosophies

50:47 - The key ingredients to the success of Costco’s business model.

52:58 - What led to the emergence of Costco and the eventual merger with Price Club.

01:01:40 - An overview of Costco’s business model today

And so much more!

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Books mentioned: Sol Price: Retail Revolutionary & Social Innovator, andThe Joy of Costco.
Jim Sinegal’s interview with the Motley Fool.
The Science of HittingBlog.
Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page.
Related Episode: Listen to TIP492: The Best Investor You've Never Heard Of.
Related Episode: Listen to TIP634: Value Investing Fundamentals w/ John Huber.
Follow Clay on Twitter.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

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

BTC217: MicroStrategy 2025 w/ Jeff Walton (Bitcoin Podcast) Jan 15, 2025

Show notes

Join us as Jeff Walton unpacks MicroStrategy's innovative financial strategies, including leveraging Bitcoin volatility, issuing convertible bonds, and building a balance sheet of permanent capital. We dive into valuations, ETF dynamics, accretive dilution, and what it means to be the "bank of the future."

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:49 - What "capturing the spread" means in MicroStrategy's strategy.

02:32 - The difference between issuing convertible notes and common stock.

06:26 - An explanation of accretive dilution and its role in corporate strategy.

09:44 - How MicroStrategy's Bitcoin holdings position it as a "bank of the future."

20:52 - Insights into constructing a leveraged balance sheet with permanent capital.

23:04 - Why MicroStrategy issued two consecutive convertible bonds.

28:49 - How Michael Saylor's "Bitcoin nuclear reactor" concept reshapes volatility.

39:47 - The impact of entering the NASDAQ and index weighting on stock performance.

48:33 - Metrics to consider when starting a position in MicroStrategy or Bitcoin.

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

BOOKS AND RESOURCES

Jeff’s X Account.
Jeff’s YouTube Account.
Michael Saylor’s full interview.
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

RWH053: Trouble Ahead w/ Bill Priest Jan 12, 2025

Show notes

In this episode, William Green speaks with Barron’s Roundtable member Bill Priest, who is Vice Chairman of TD Wealth and founder, Chairman, and Co-Chief Investment Officer of TD Epoch. Bill is the co-author of several books, including “Winning at Active Management.” Having prospered for six decades in the financial markets, Bill has seen it all. Here, he talks about his core investing principles & why he believes investors are too complacent in the face of mounting risk & fragility.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

06:50 - How Bill Priest fell in love with the stock market.

40:30 - Why he focuses relentlessly on free cash flow & cost of capital.

41:11 - How he goes about analyzing a business.

48:41 - Why growth stocks may start to struggle.

50:47 - Why he’s worried about the threat of stagflation.

59:16 - How investors can protect themselves from an unknowable future.

1:03:36 - Why AI is unstoppable, not just another bubble.

1:07:35 - Why he’d be “very careful” about investing in China.

1:15:38 - Why you should keep ample cash to ride out difficult times.

1:17:20 - Why his exposure to equities is much lower than usual.

1:21:16 - How to be a successful leader.

1:57:16 - What he’s learned from his daughter about happiness.

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

BOOKS AND RESOURCES

Bill Priest’s investment firm, Epoch Investment Partners.
Bill Priest’s book, “Free Cash Flow & Shareholder Yield.”
Bill Priest’s book, “Winning at Active Management.”
Anne Applebaum’s book “Autocracy, Inc.”
Ruchir Sharma’s book, “What Went Wrong with Capitalism.”
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
Follow William Green on X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Learn how to better start, manage, and grow your business with thebest business podcasts.