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

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Latest Episodes:

TIP498: Ray Dalio's Book - Big Debt Crises & How the Economic Machine Works Nov 29, 2022

Show notes

IN THIS EPISODE YOU’LL LEARN:

00:04:24 - How Dalio defines credit and debt.
00:08:55 - Why too much debt can be an issue for the global economy.
00:12:13 - The difference between the short-term and the long-term debt cycle.
00:13:02 - Why credit is the primary driver of our economy and leads to bubbles.
00:14:45 - How deflationary and inflationary deleveragings eventually resolve themselves.
00:17:11 - How we can identify a bubble.
00:31:37 - Four tools policymakers can use to handle large debt issues.
00:45:39 - Why hyperinflation occurs at the conclusion of some long-term debt cycles.

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.
Tune into the recent We Study Billionaires' episode covering the Lessons from Billionaire Howard Marks.
Learn about the Worldly Wisdom of Charlie Munger.
Dalio’s video: How the Economic Machine Works.
Ray Dalio’s books: Big Debt Crises & The Changing World Order.
Check out William Green’s conversation with Ray Dalio here.
Check out Preston and Stig’s overview of Big Debt Crises here.
Follow Clay on Twitter and Instagram.

SPONSORS

Support our free podcast by supporting our sponsors:

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

RWH017: Fidelity Legend Joel Tillinghast Nov 27, 2022

Show notes

IN THIS EPISODE, YOU’LL LEARN:

03:07 - How Joel Tillinghast fell in love with investing as a boy of eight or nine.
07:51 - What he learned from his first investment, which he’s (so far) held for 54 years.
09:12 - Why it’s critical not to overpay, even when you’re investing in a superb business.
11:04 - How his approach differs from the strategy of another Fidelity legend, Will Danoff.
14:55 - What Joel admires about Cathie Wood.
19:20 - What he learned from a disastrous macroeconomic bet using borrowed money.
33:36 - Why it’s important to invest in “adaptive companies.”
34:50 - How he was hired at Fidelity after cold calling Peter Lynch.
39:56 - How young people can break into the investment business at a firm like Fidelity.
44:59 - What qualities made Peter Lynch a wildly successful stock picker.
53:38 - Why Joel avoids biotech stocks.
54:25 - Why it’s critical to know yourself & stick to games where you truly have an edge.
56:47 - How he thinks about diversification & why he owns a huge number of stocks.
1:11:07 - How he made more than 1,000 times his money investing in Monster Beverage.
1:10:08 - How emotional exhaustion led him to announce his retirement next year.
1:23:12 - How he was affected by a terrifying experience of an earthquake in Japan.
1:27:21 - How to handle adversity by letting go of what we can’t control.
1:29:26 - What he’s trying to teach Fidelity’s next generation of fund managers.
1:32:27 - What gives Joel satisfaction as he looks back on his extraordinary career.
1:35:24 - What he learned from his beloved father.

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.
Joel Tillinghast’s Fidelity Low-Priced Stock Fund.
Joel’s book, Big Money Thinks Small: Biases, Blind Spots, & Smarter Investing.
William Green’s book, “Richer, Wiser, Happier” –read the reviews of this book.
William Green’sTwitter.

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

Classic 22: Life and investing w/ Mohnish Pabrai Nov 25, 2022

Show notes

IN THIS EPISODE YOU’LL LEARN:

01:43 - What Mohnish has learned from his friendship with Charlie Munger.
10:24 - Why and how Mohnish Pabrai uses his checklist in stock investing.
33:25 - How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return.

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.
Mohnish Pabrai's Reading List.
Learn more about Mohnish Pabrai’sDakshana Foundation.
Mohnish Pabrai’swebsite.
Larry Cunningham’s book,The Essays of Warren Buffett – Read reviews of this book.
Mohnish Pabrai's book, The Dhandho Investor.

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:

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

BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) Nov 23, 2022

Show notes

IN THIS EPISODE, YOU’LL LEARN:

01:21 - Cory's one over the world view of everything happening after the FTX bankruptcy.
07:49 - What are the issues with "Crypto" Venture Capitalists?
07:49 - How the Crypto scam works.
10:29 - Was SBF doing unethical things?
14:44 - How could people identify such fraudulent activities in the future?
32:11 - The Library Ruling - what are the implications?
34:51 - Cory's Background and how he got into Bitcoin.
41:10 - What the Bitcoin Pacific Conference was like.

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.
Learn about Cory's company Swan.com.
Learn more about Pacific Bitcoin Conference.
Follow Cory on Twitter.

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP497: Lessons from Billionaire Howard Marks Nov 22, 2022

Show notes

IN THIS EPISODE YOU’LL LEARN:

00:01:50 - The biggest investing lessons from Howard’s book, The Most Important Thing.
00:03:07 - How to apply second-level thinking to our investing strategy.
00:03:44 - How psychology plays such an important role in markets.
00:07:37 - How Howard thinks about the efficiency of markets.
00:20:32 - The role market cycles play in Howard’s investment strategy.
00:23:23 - Howard’s six reasons for why investors make mistakes.
00:31:27- Why you should only invest in bargains.
00:35:10 - How to invest during a low-interest rate environment.
00:39:04 - Why we should put an intense focus on investing defensively.
00:44:59 - Why making macroeconomic forecasts is likely a fool's errand.

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.
Tune into the recent We Study Billionaire’s episode covering the Worldly Wisdom of Charlie Munger.
Learn about the best investor you’ve never heard of, Nick Sleep.
Howard Marks’ books: The Most Important Thing & Mastering the Market Cycle.
Howard’s article: The Illusion of Knowledge.
Check out William Green’s conversation with Howard Marks here.
Check out Trey Lockerbie’s conversation with Howard Marks here.
Follow Clay on Twitter and Instagram.

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP496: Mastermind Q4 2022 w/ Tobias Carlisle and Hari Ramachandra Nov 20, 2022

Show notes

IN THIS EPISODE, YOU'LL LEARN:

01:16 - The mastermind group’s view on the current market conditions.
18:41 - Why Hari is bullish on Meta (Ticker: FB), and why Toby already owns the stock.
29:00 - The risks of investing in Meta.
45:02 - Why Stig has invested in Prosus (Ticker AMS: PRX) as one of the four stocks he owns.
1:04:02 - Why Toby is bull on Colgate Palmolive (Ticker: CL).

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.
Mastermind Discussion Q1 2022.
Mastermind Discussion Q2 2022.
Mastermind Discussion Q3 2022.
Our FREE stock analysis resource, Intrinsic Value Index.
Subscribe to ourFREE Intrinsic Value Assessments.
Tobias Carlisle's podcast, The Acquires Podcast.
Tobias Carlisle's ETF,ZIG.
Tobias Carlisle's ETF, Deep.
Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book.
Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.
Tweet directly to Tobias Carlisle.
Hari's Blog: BitsBusiness.com
Tweet directly to Hari

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP495: The Changing Composition of Money w/ Alfonso Peccatiello Nov 18, 2022

Show notes

IN THIS EPISODE, YOU'LL LEARN:

02:09 - Why Banks are at serious risk of losing deposits.
09:25 - Why the ECB is changing its tune on monetary policy.
17:01 - The recent Fed meeting.
39:46 - The underlying risk with pension funds using interest rate swaps.
58:44 - Expectations for the current yield curve inversion.
And much, much more!

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 Macro Compass'Newsletter.
Alf'sTwitter.
Trey Lockerbie'sTwitter.
Related Episode: European Fragmentation Policy & Mounting Global Pressures w/ Alf Pecca - BTC089.
Related Episode: Understanding Quantitative Easing w/ Alfonso Peccatiello - MI232.

SPONSORS

Support our free podcast by supporting our sponsors:

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

BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) Nov 16, 2022

Show notes

IN THIS EPISODE, YOU’LL LEARN:

01:14 - What got Luke into writing profound articles around Bitcoin.
02:48 - Luke's opinions on various long-term cycles.
06:30 - The comparison to the 1930's and 40's.
06:30 - Thoughts on wealth inequality.
17:15 - Historical Inflation Tipping Points.
23:52 - Currency wars and where we are in that dynamic.
29:04 - The quandary of Government treasuries potentially running out of buyers for their bonds.
29:04 - How the growth in stable coins actually demonstrates to world leaders why they need Bitcoin.
29:04 - The Bitcoin Milkshake theory.
33:32 - How stable coin operators become buyers for government bonds.
35:28 - The Green Swan Event.

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.
Luke Mikic's Twitter.
Luke's Article: The Big Bang to End all Cycles.
Luke's Article: The 202s Global Currency Wars.
Luke's Article: The 50th anniversary of the Fiat Fiasco 1971 - 2021.
Luke's Article: The US Will Weaponize the Dollar by Backing it with Bitcoin.
Luke's Article: Is This Bull Run Bitcoin's Final Cycle?

SPONSORS

Support our free podcast by supporting our sponsors:

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

TIP494: The Worldly Wisdom of Charlie Munger Nov 15, 2022

Show notes

IN THIS EPISODE, YOU’LL LEARN:

05:54 - How Warren Buffett and Charlie Munger met.
07:07 - Why it’s important to embrace lifelong learning.
09:27) - Why Charlie Munger uses mental models to think and invest.
00:15:53 - How Charlie Munger changed Buffett’s investing strategy.
20:47 - Why we should continuously challenge and reexamine our worldview.
29:22) - Why Munger concentrates his personal investment portfolio.

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.
Learn about the best investor you’ve never heard of – Nick Sleep.
Check out Clay’s Intrinsic Value Analysis of Dollar General & Apple.
Listen to Clay’s previous episode covering Warren Buffett’s 12 Investment Principles.
Check out Poor Charlie’s Almanack.
William Green’s book – Richer, Wiser, Happier.
Follow Clay on Twitter and Instagram.

SPONSORS

Support our free podcast by supporting our sponsors:

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

RWH016: The Best Of The Best w/ François Rochon Nov 13, 2022

Show notes

IN THIS EPISODE, YOU’LL LEARN:

02:51 - How François Rochon began his market-beating investment journey three decades ago.
08:12 - How the “margin of safety” concept guides him in business, markets, & life.
10:14 - How to succeed by investing in great companies at reasonable valuations.
12:12 - Why it’s critical for investors to have a long time horizon.
15:37 - How to become a better investor by cultivating humility & preparing for disappointment.
16:48 - What he learned from Warren Buffett about the importance of owner’s earnings.
21:47 - Why François resists the temptation to overpay, even for great companies.
25:12 - Why he highlights his investment mistakes in an annual list called the Podium of Errors.
34:03 - How to survive & thrive by taking a middle-of-the-road approach to diversification.
38:30 - Why he believes that market predictions are a waste of time.
40:24 - How he handles bear markets emotionally & uses them to improve his portfolio.
43:10 - Why he loves companies like CarMax, Visa, Alphabet, & Markel.
47:56 - How the president of Constellation Software embodies everything he seeks in a leader.
53:59 - How the best businesses remind François of the beauty & uniqueness of great artworks.
1:11:24 - How he was influenced by studying & meeting investment icon Peter Lynch and what François learned from investing legend Lou Simpson.
1:21:49 - How the best investors succeed by straying from the tribe & forging their own path.
1:15:44 - How it helps him to read broadly about philosophy, art, science, history, & psychology.
1:26:16 - Why it’s rational, not naive, to be an “unwavering optimist.”
1:35:16 - Why François believes that persistence & patience are the key to human achievement.

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.
François Rochon’s Montreal-based investment firm, Giverny Capital.
Giverny Capital Asset Management, his U.S.-based partnership with David Poppe.
PanzaCollection of art built by Count Giuseppe Panza, one of François’ heroes.
William Green’s book, “Richer, Wiser, Happier” –read the reviews of this book.
William Green’s Twitter.

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

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