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

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Latest Episodes:

TIP602: Same as Ever w/ Morgan Housel Jan 26, 2024

Show notes

On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, Same as Ever, and uncover the key themes in financial history that have never changed.

Morgan Housel is a partner at The Collaborative Fund. He’s the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:34 - The key themes that seem to never change throughout history.

04:37 - Why the world is much more fragile than we’re led to believe.

09:04 - Why the biggest risk is the one you don’t see coming.

24:49 - The true power of exceptional storytelling.

23:28 - The importance of thinking probabilistically.

27:00 - Why every stock valuation is a number from today multiplied by a story about tomorrow.

27:32 - Why successful stock picking is about so much more than the numbers.

29:22 - Why market extremes such as the meme stock craze are not unnatural, and they should actually be expected.

32:19 - Morgan’s investment approach.

38:21 - Why most investor’s biggest advantage is patience.

41:31 - Why most competitive advantages eventually die.

51:33 - How the world’s most successful people utilize inefficiency and slack to achieve more.

55:43 - Why Morgan writes for an audience of one.

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.
Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
Morgan’s book: Same as Ever and The Psychology of Money.
Morgan’s Podcast.
Related Episode: TIP351: The Psychology of Money w/ Morgan Housel | YouTubevideo.
Check out the books mentioned in the podcast here.

NEW TO THE SHOW?

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

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Help us reach new listeners by leaving us arating 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!

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

BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast) Jan 24, 2024

Show notes

Join us in this insightful episode where Caitlin Long of Custodia Bank and Wes Knobel delve into the innovative non-fractional reserve system, the challenges faced with the Federal Reserve, and the dynamic world of cryptocurrency banking. They discuss Custodia's unique approach, its role in the post-Silicon Valley bank crisis landscape, and the evolving challenges and opportunities in cryptocurrency custodianship. This conversation offers a deep dive into the intersection of traditional banking, regulatory environments, and the growing influence of digital assets.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:34 - How Custodia Bank is redefining traditional banking practices.

02:34 - The significance of Custodia's approach to customer deposits.

12:47 - Insights into the Federal Reserve's decision-making process.

22:19 - The implications of non-participation in fractional reserve banking.

22:19 - The importance of state laws in protecting digital assets.

28:21 - Wes Knobel's perspective on financial innovation and regulation.

38:31 - Caitlin Long's expertise in banking risks and legacy systems.

47:58 - The potential government intervention in cryptocurrency holdings.

47:58 - Predictions for the future of banking in the era of digital currencies.

01:00:37 - The recent SEC approval of Bitcoin ETFs and its impact.

BOOKS AND RESOURCES

Links to Custodia Bank.
Caitlin Long’s X account.
Link’s to the lawsuit with the Federal Reserve Bank, Document 1 & Document 2.
Check out all the books mentioned and discussed in our podcast episodes here.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with thebest business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

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

RWH040: Go Global w/ Laura Geritz Jan 21, 2024

Show notes

In this episode, William Green chats with Laura Geritz, founder of Rondure Global Advisors, which scours the globe in search of high-quality companies trading at attractive prices in places like India, China, Japan, Thailand, Taiwan, Turkey, Brazil, & Mexico. Here, Laura makes the case for allocating more money to undervalued stocks outside the US. She also discusses her unusual lifestyle, which is built around relentless travel, voracious reading, & abundant time to think.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

08:15 - How Laura Geritz earned the nickname “Money Bags.”

09:41 - How she broke into the investment industry by living in Japan.

12:55 - How she was shaped by the frugal, unflashy culture of rural Kansas.

22:57 - What she learned from her mentor & partner, Robert Gardiner.

30:14 - Why so many talented women quit the investment business.

36:54 - Why she believes many investors are taking too much risk.

38:56 - Why foreign stocks may be overdue for a powerful rebound.

41:20 - How she weighs the risks & rewards of Chinese stocks.

52:26 - How she screens 70,000 stocks to identify great businesses.

1:03:36 - What foreign investors don’t understand about Japanese companies.

1:11:51 - How to become a continuous learning machine.

1:25:38 - How Laura handles adversity when her investing style is out of favor.

1:32:06 - Why she maintains a remarkably uncluttered calendar.

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

BOOKS AND RESOURCES

Laura Geritz’s investment firm, Rondure Global Advisors.
Graham Greene’s book The Quiet American.
Yasunari Kawabata’s book Snow Country.
Michael Pollan’s bookA Place of My Own.
Rolf Potts’ book Vagabonding.
Pico Iyer’s book The Half-Known Life.
William Green’s podcast interview with Pico Iyer | YouTube Video.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
Follow William Green on X (AKA Twitter).
Check out all the books mentioned and discussed in our podcast episodes here.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with thebest business podcasts.

NEW TO THE SHOW?

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

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

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

BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast) Jan 17, 2024

Show notes

Dive into Bitcoin's 2024 technical landscape with NVK. We dissect the impact of covenants and CheckTemplateVerify (CTV) on smart contracting and scalability, analyze OP_RETURN's usage, and evaluate the Lightning Network's potential for scaling. We also ponder Layer 2's self-custody significance, tackle block spam concerns with node filters, and delve into transaction developments brought by SegWit and Taproot. Additionally, we discuss BRC20 implications and assess the Mempool's health score.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:20 - An understanding of the Mempool health score and what it indicates about the Bitcoin network's efficiency and congestion.

06:31 - The technical intricacies and implications of implementing covenants in Bitcoin.

09:01 - The advancements in transaction structures and efficiency brought by the Taproot update.

09:01 - Insights into the potential and challenges of BRC20 tokens or standards on the Bitcoin network.

11:34 - The role and impact of OP_RETURN in Bitcoin transactions.

13:41 - Challenges and opportunities in scaling the Lightning Network.

25:59 - The importance of self-custody in Bitcoin's Layer 2 solutions.

48:46 - How CheckTemplateVerify (CTV) could revolutionize smart contracting and enhance Bitcoin's scalability.

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

BOOKS AND RESOURCES

Link to NVK’s Cold Card Hardware wallet.
Link to NVK’s AI website.
Check out all the books mentioned and discussed in our podcast episodes here.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with thebest business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP600: Business Durability and Strategy Masterclass with Hamilton Helmer Jan 14, 2024

Show notes

On today’s episode, Kyle talks to Hamilton Helmer about the power of being an educator and how it’s helped him improve at strategy and investing, the differences between power and operational excellence, how he formulated his 7 powers, a deep dive into all 7 powers, updated case studies of some of the powers, why barriers are so important when benefits are much easier to find.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:41 - How Hamilton uses his knowledge of strategic consulting to invest in companies with durable competitive advantages.

01:52 - How Joseph Schumpeter has helped shape Hamilton’s strategy on entrepreneurship.

14:00 - Traits of earlier stage businesses with potential for power.

20:25 - How to observe the power of a brand to ensure its advantage isn’t being eaten away.

24:02 - How businesses with switching costs power can keep customers happy while increasing prices.

24:12 - Hamilton’s personal story of the power of Apple’s brand and switching costs.

29:12 - The distinction between power and strategy.

30:46 - The power of cornered resources.

32:50 - Why algorithms are not a cornered resource.

38:01 - Changes in capital availability for private businesses.

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.
Check out Hamilton’s book, 7 Powers: The Foundations of Business Strategy.
Learn more about Strategy Capital.
Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
Follow Kyle on Twitter and LinkedIn.
Check out the books mentioned in the podcast here.

NEW TO THE SHOW?

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

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

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

TIP599: Top Stocks for 2024 w/ Jonathan Boyar Jan 12, 2024

Show notes

On today’s episode, Clay is joined by Jonathan Boyar. They discuss his firm’s most recent release of The Forgotten Forty, which outlines their 40 best stock ideas for 2024.

Jonathan Boyar is president of Boyar’s Intrinsic Value Research, an independent equity research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds, and family offices as subscribers. He is also a principal of Boyar Asset Management, which has been managing money utilizing a value-oriented strategy since 1983.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:45 - How a company makes the list of the Forgotten Forty.

09:52 - Potential catalysts Jonathan looks for in his investments.

14:30 - Why Uber remained on the Forgotten Forty list after being the list’s top performer in 2023.

21:58 - Jonathan’s thoughts on the underperformance of small-cap stocks since 2015.

28:04 - An overview of Interactive Brokers stock.

39:22 - Why Bill Ackman has taken a massive stake in Howard Hughes.

50:26 - Why Jonathan likes Madison Square Garden Sports Corporation.

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, and the other community members.
Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
Boyar Research’s Forgotten Forty.
Boyar Research’s Substack.
Books mentioned: 100 Baggers by Chris Mayer.
Related Episode: TIP518: The Buy List for 2023 w/ Eddy Elfenbein | YouTubevideo.
Check out all the books mentioned and discussed in our podcast episodes here.
Follow Jonathan on Twitter.
Follow Clay on Twitter.

NEW TO THE SHOW?

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

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

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

BTC164: Bitcoin & Real Estate w/ Leon Wankum Jan 10, 2024

Show notes

In this insightful episode, real estate expert Leon Wankum delves into the evolving landscape of asset investments. We discuss how Bitcoin could redefine real estate's value, comparing traditional and digital asset strategies. Leon shares his thoughts on Bitcoin's influence on property prices, its role as a new monetary standard, and potential shifts in real estate financing. A must-listen for anyone interested in the intersection of Bitcoin and real estate.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:13 - The potential of Bitcoin as a new monetary unit of account.

05:03 - How Bitcoin compares with real estate as a store of value.

09:01 - The impact of Bitcoin on the monetary premium of real estate.

25:03 - The effect of Bitcoin's growth on global real estate markets.

25:03 - Balancing Bitcoin's volatility against real estate's stability.

32:10 - Reasons why real estate investors should consider Bitcoin.

35:57 - Specific Bitcoin investment strategies for real estate investors.

51:10 - Regulatory and market adaptations required for a Bitcoin standard in real estate.

54:52 - Changes in real estate financing due to Bitcoin integration.

54:52 - The future of real estate development in a Bitcoin-centric economy.

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

BOOKS AND RESOURCES

Leon Wankum’s Twitter.
Leon Wankum’s Newsletter.
Leon’s webpage where you can learn more about him.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with thebest business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

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

RWH039: Optimal Performance w/ Daniel Goleman Jan 07, 2024

Show notes

In this episode, William Green brings back Daniel Goleman, author of “Emotional Intelligence,” an iconic book that’s sold over 5 million copies. Here, Dan talks about his new book, “Optimal: How to Sustain Personal & Organizational Excellence Every Day.” He explains how to master the skills of emotional intelligence to become more productive, more effective, calmer, & happier.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

04:55 - Why Daniel Goleman seeks sustainable excellence, not a “flow” state.

10:44 - How Peter Lynch illustrates the dangers of driving yourself too hard.

15:54 - Why companies need emotionally intelligent leaders.

17:23 - How to boost creative thinking by allowing yourself time to relax.

32:02 - Why EQ trumps IQ in the professional world.

34:21 - How to enhance the foundational skill of self-awareness.

37:08 - How to become a better listener.

48:39 - What the Dalai Lama told Dan about self-compassion.

49:27 - How emotional self-management enhances decision making.

50:42 - How to recover from stress & avoid burnout.

1:08:50 - How to build focused attention in a wildly distracting world.

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

BOOKS AND RESOURCES

Daniel Goleman’s website.
Daniel Goleman’s Emotional Intelligence Courses.
Check out Optimalby Daniel Goleman & Carey Cherniss.
Check out Emotional Intelligenceby Daniel Goleman.
Daniel Goleman & Richard Davidson's book, Altered Traits.
Tara Bennett-Goleman's book, Emotional Alchemy.
William Green’s 2023 podcast interviewwith Daniel Goleman & Tsoknyi Rinpoche | YouTube Video.
William Green’s 2022 podcast interviewwith Daniel Goleman | YouTube Video.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
Follow William Green on X (AKA Twitter)
Check out all the books mentioned and discussed in our podcast episodes here.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Browse through all our episodes (complete with transcripts)here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with thebest business podcasts.

NEW TO THE SHOW?

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