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

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Latest Episodes:

BTC145: Adam Back on Drivechains, Mining Hardware, & L1 scaling w/ James Macedonio (Bitcoin Podcast) Aug 30, 2023

Show notes

Preston Pysh brings Blockstream's Adam Back and James Macedonio to the show. They talk about Blockstream’s efforts to develop their very own ASIC miner and what it takes to take something like that to market and all the challenges that are associated with it.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:23 - Why is building an ASIC like building a high-performance race car?

10:02 - How do you think through production and reliability when building an ASIC?

10:02 - How can one test the reliability of an ASIC when its actual performance is always on?

15:05 - Why is there so much inventory of ASICs on the market right now?

24:29 - What is the Blockstream BASIC note?

24:29 - What was the performance of the previous Blockstream Mining Note and how is it different than the BASIC?

41:35 - Some people say layer 1 bitcoin might become too costly and layer 2 can't scale, what are your thoughts?

46:19 - What is Adam's thoughts on drivechains?

56:49 - Are there other blockchains that have experimented with OP CATs that were originally coded into Bitcoin but now are turned-off for safety reasons?

01:06:51 - Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"?

01:08:02 - Are engineers being reasonable with the speed at which they want to roll-out updates?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Adam Back's Twitter.
Information about theBlockstream BASIC note.
Information about the Blockstream ASIC they are building.
Information aboutDrivechains on Bitcoin.
Related episode: Listen to BTC054: A Sovereign Bitcoin Bond in El Salvador w/ Adam Back & Samson Mow, or watch the video.
Related episode: Listen to BTC040: Bitcoin ASIC Manufacturing by Blockstream w/ Adam Back & Samson Mow, or watch the video.

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP572: Finding Value in the Oil Market w/ Josh Young Aug 27, 2023

Show notes

On today’s show, we bring back oil expert Josh Young to give an update on the oil market. This discussion touches on Buffett’s updated oil positions, why OPEC is encouraging others to invest more in oil production, the impact of the China reopening on global oil demand, and more.

Josh is the Chief Investment Officer and Founder of Bison Interests, which focuses on investing strictly in oil and gas equities.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

01:53 - The highlights of the oil and gas market in 2023.

04:08 - How Buffett has shifted his investments in oil.

11:00 - Why OPEC is sounding the alarm bells on a shortage of oil.

16:13 - The impact of the China reopening on oil demand.

23:03 - Josh’s thoughts on the USA dumping their SPR reserve while China is building their reserves.

29:14 - How a rollover in shale production may impact oil prices.

33:13 - How heavily the supermajors are reinvesting back into new production.

38:09 - Josh’s view on alternative energy sources.

43:47 - Josh’s approach to market timing in the oil market.

52:59 - What the price of oil may indicate for current economic conditions.

53:34 - How oil stocks have performed since 2022.

65:42 - Josh’s view on how his bullish oil thesis may be wrong.

69:02 - How higher interest rates are impacting the oil industry.

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our newly released TIP Mastermind Community.
Bison Interest’s research.
Check out our recent episode :TIP569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video here.
Follow Josh on Twitter.
Follow Clay on Twitter.

SPONSORS

Support our free podcast by supporting our sponsors:

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

BTC144: Bitcoin and Macro Mastermind 3Q 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast) Aug 23, 2023

Show notes

Preston Pysh is joined by Joe Carlasare, Steven McClurg, and Jeff Ross to cover a wide range of topics that include the current situation with interest rates continuing to climb higher and a resurgence in the global gas and diesel prices, where all these Bitcoin ETFs and the Grayscale lawsuit with the SEC is currently at, and more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:28 - What is currently happening with SBF going back to jail?

08:26 - What is the status and impact of the SEC vs GBTC lawsuit on a Bitcoin ETF?

39:21 - Where are we at in the current credit cycle?

42:58 - What is happening in global fixed income?

01:14:26 - Is energy getting ready to break-out?

01:15:45 - What happens with Bitcoin into the end of the year?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Joe Carlasare's Twitter.
Joe's Legal Practice.
Steven McClurg's Twitter.
Steven's company Valkyrie.
Jeff Ross's Twitter.
Jeff's Investment Firm.
Related Episode: Listen to BTC112: Bitcoin Macro Mastermind 1st Q 2023 w/ Joe Carlasare, Steven McClurg, & Jeff Ross, or watch the video.
Related Episode: Listen to BTC078: Bitcoin Mastermind Discussion w/ Joe Carlasare, Jay Gould, & Jeff Ross, or watch the video.

NEW TO THE SHOW?

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

RWH031: Abundance w/ Michael Berg Aug 20, 2023

Show notes

In this episode, William Green speaks with Michael Berg, a great scholar & author who draws on the ancient wisdom of Kabbalah to explore how we can build lives that are truly richer, wiser, & happier. Here, Michael discusses how to extract more pleasure from whatever wealth you have; why sharing your money & time builds a greater sense of abundance; how to support your kids without sapping their desire to succeed; why deferred gratification is a superpower in business & life; how to handle challenges & adversity; & why the real key to happiness is appreciation.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

17:01 - Why Michael Berg sees no conflict between a spiritual life & material success.

20:17 - How our own actions open or close the “channels of abundance.”

22:38 - Why Sir John Templeton called tithing “the single best investment.”

32:44 - Why Charlie Munger reveres Maimonides, a 12th-century sage & doctor.

39:39 - How to extract more pleasure from whatever wealth we have.

48:37 - Why it’s helpful to recognize that we don’t truly own anything.

55:29 - How appreciation helps Howard Marks to stay humble & be happy.

59:00 - Why many rich people are surprisingly unhappy.

1:15:51 - How to build joyful abundance by sharing your time & money.

1:23:15 - How to help your kids without disempowering them.

1:26:14 - Why delayed gratification is essential in business, investing, & life.

1:35:45 - How Michael handles challenges & reframes adversity.

1:41:38 - Why his father, Rav Berg, taught that “consciousness is everything.”

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
The Zohar translated by Michael Berg in 23 volumes
Secrets of the Zohar &Becoming Like Godby Michael Berg
And You Shall Choose Life by Rav Yehuda Ashlag
The Thought of Creationby Rav Yehuda Ashlag
Nano: Technology of Mind Over Matter by Rav Berg
TheKabbalah Centre website
Spiritually Hungrypodcast with Michael & Monica Berg
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book
William Green’s Twitter

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP571: Charlie Munger & The Psychology of Human Misjudgment Aug 18, 2023

Show notes

Clay Finck reviews the 28 psychology of human misjudgments in Peter Bevelin’s book, Seeking Wisdom. One of the best ways to behave more rationally is to understanding our own shortcomings biologically which we are oftentimes unaware of. This episode dives deep into these shortcomings, and how we can sidestep them to invest more wisely.

IN THIS EPISODE YOU’LL LEARN:

0:00 - Intro

4:11 - Many of the human misjudgments that Charlie Munger has spoken about extensively.

4:34 - What bias by mere association is.

8:41 - How rewards and punishments influence our behavior.

14:51- How self-interest and incentives drive decision-making.

24:40 - The bias of self-deception and denial.

26:00 - The bias of being consistent with our prior actions.

30:11 - The status quo bias.

31:42 - How investors can exploit the tendency of humans to be incredibly impatient.

36:58 - The anchoring bias.

43:51 - What reciprocity is, and it’s effects on human behavior.

48:29 - The bias of social proof.

51:01 - How authority bias effects our investment decisions.

51:53 - How to combat our desire minimize uncertainty.

55:07 - Why the simple solution is oftentimes the best solution.

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Peter Bevelin’s book: Seeking Wisdom
Tune into our previous episode with Gautam Baid or watch the video here.
Tune into our previous episode covering Chris Mayer's book, How Do You Know? or watch the video here.
Check out our recent episode covering Mark Leonard's Letters and Constellation Software or watch the video here.
Follow Clay on Twitter.

SPONSORS

Support our free podcast by supporting our sponsors:

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

BTC143: Local Bitcoin Education & Meet-ups w/ Rod Roudi (Bitcoin Podcast) Aug 16, 2023

Show notes

Preston Pysh and Rod Roudi talk about how Rod participated in a local Bitcoin meetup in his hometown and took things to the next level by creating an entire park that has attracted numerous developers and Bitcoin builders to the city.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:17 - How did Rod run the initial Nashville Bitcoin meet-up?

09:23 - What is the mission at Bitcoin Park?

09:23 - What should people consider for their own local meet-ups?

14:19 - Is it important for people to engage with policymakers about Bitcoin?

27:24 - What were some of the key takeaways Rod had from the recent Bitcoin Lightning Summit in Nashville?

47:55 - What is Rod doing with Cathie Woods' Ark?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Rod's Twitter.
Bitcoin Park's Twitter.
Bitcoin Park website.

NEW TO THE SHOW?

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

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP570: Back Together w/ Stig Brodersen and Preston Pysh Aug 13, 2023

Show notes

On today’s show, Stig Brodersen and Preston Pysh are co-hosting an episode for the first time since 2019. They talk about how they met each other and the early days of their company. They also discuss how their investment approach has evolved over the years.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

04:18 - How Preston and Stig met each other and how The Investor’s Podcast got started

08:20 - How the early days were at TIP before it became a real company

24:32 - If Preston invests in stocks and how his portfolio looks like

39:45 - What Stig’s bitcoin portfolio allocation is

54:51 - Whether Preston will attend the Berkshire Hathaway shareholder’s meeting again

1:17:35 - What the future holds for TIP

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Stig and Preston’s book, Warren Buffett Accounting Books – read reviews of this book
Preston and Stig’s book, The Intelligent Investor, 100-page summary – read reviews of this book
Preston and Stig’s book, Security Analysis 100-page summary – read reviews of this book
Warren Buffett’s 3 Favorite Books – read reviews of this book
Michael Saylor’s website, where you can track equity returns measured in Bitcoin.
Tony Hsieh’s book, Delivering Happiness – read reviews of this book.

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer Aug 11, 2023

Show notes

Back by popular demand, Clay Finck brings back Chris Mayer to chat about his book, How Do You Know – A Guide to Clear Thinking About Wall Street, Investing, and Life. This book is one that really made us think as it is not your conventional investing book and questions much of traditional thinking in the world of finance. If you’re interested in becoming a better thinker as an investor, then this episode is a must-listen.

Chris is the author of 100 Baggers and How Do You Know?, and the co-founder and portfolio manager of Woodlock House Family Capital.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:13 - How being a learning machine has impacted Chris as an investor.

07:30 - Chris’ goal as a long-term investor in public equities.

09:59 - What general semantics is, and how it relates to investing.

10:42 - Finance terms that investors use that muddy the waters of how people think about stocks.

13:10 - How either/or thinking doesn’t align with how the real world typically operates.

14:31 - Why can we do without broad terms as investors such as: “GDP,” “the economy,” “value investors,” “growth investors,” etc.

20:17 - Why we shouldn’t always take labels and names at face value.

22:20 - What companies Chris owns are in what many would call “unattractive industries.”

24:21 - Chris’ opinion on what drives long-term shareholder returns.

27:24 - What Sosnoff’s Law is.

30:17 - How meeting management teams play into Chris’ investment process.

33:17 - Why Chris believes that “This Time is Always Different” and that reversion to the mean is a flawed concept.

42:58 - How Chris thinks about judging what numbers actually mean rather than judging the numbers themselves.

44:06 - Why we shouldn’t take accounting earnings at face value.

47:50 - Why Chris encourages investors to develop a “delayed reaction.”

50:29 - How Chris developed the ability to not take himself too seriously.

55:08 - Chris’ book recommendations.

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Chris Mayer’s book: How Do You Know?
Chris Mayer’s book: 100 Baggers.
Rick Rubin’s book, The Creative Act.
Richard Rorty’s book, Philosophy as Poetry.
Chris’s fund & blog: Woodlock House Family Capital.
Thomas Phelps’ book: 100 to 1 in the Stock Market.
Follow Chris on Twitter.
Follow Clay on Twitter.
Check out our recent episode coveringTIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein or watch the video here.
Check out TIP531: Mark Leonard: The Best Capital Allocator You’ve Never Heard of or watch the video here.

SPONSORS

Support our free podcast by supporting our sponsors:

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

BTC142: Bitcoin Policy Update Q3 2023 w/ Perianne Boring (Bitcoin Podcast) Aug 09, 2023

Show notes

Preston Pysh is joined by Perianne Boring to talk about the current policy and political situation surrounding the Bitcoin ecosystem. They talk about the current bills, the numerous presidential candidates proposing Bitcoin policies, and what that might actually look like in application if they’re elected.

Perianne is the founder and CEO of the Chamber of Digital Commerce. She’s been working on Capitol Hill with policymakers educating them on Bitcoin for nearly a decade.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:24 - What is the Chamber for Digital Commerce?

01:24 - What is the Market Structure Bill and why is it important?

13:51 - How long will a bill like this potentially take to become a law?

10:50 - Is there a broader initiative with the SEC and their suit against Coinbase?

17:08 - RFK recently announced policy initiatives for Bitcoin, what are they and what is the viability?

26:51 - What are the thoughts around Bitcoin from the other Presidential candidates?

32:49 - Explain your role in helping to get the FASB to update the Fair Market Value update for Bitcoin.

38:52 - Thoughts on Bitcoin mining and it's role in the United States Energy grid.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Perianne's Twitter.
Perianne's organization: The Chamber for Digital Commerce.
Perianne's research: The Crypto Conundrum.

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein Aug 06, 2023

Show notes

Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.

David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:10 - Why we should care about current market conditions as long-term investors.

09:27 - David’s assessment of current market conditions and the Fed’s job in managing inflation.

13:08 - How long it takes for interest rates to flow through to the broader economy.

16:49 - The role international stocks can play in a portfolio.

26:47 - If investors should care if the US has the reserve currency or not.

33:28 - Ways in which investors can get exposure to AI.

38:41 - The potential long-term impacts of AI on our financial system.

42:09 - Whether GDP is an outdated and misleading metric or not.

46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.

55:51 - How the venture capital playbook works.

58:28 - How David thinks about the expected returns for alternative assets.

75:00 - David’s thoughts around aligning his finances with living a good life.

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our recent episode coveringThe Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.
David’s investing tool: Asset Camp.
David’s website: Money for the Rest of Us.

SPONSORS

Support our free podcast by supporting our sponsors:

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

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