In this episode, Stig Brodersen talks with investment expert Lyn Alden about currencies, debt, inflation, and how to invest in an uncertain world. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro Why the bull theses are always more thoughtful and plentiful, and how to account for that The relationships between debt, inflation, and wars. How to best take advantage of debt in your portfolio How capital controls work How a debt restructuring works in practice Can technology be so deflationary that the FED can print us to inflation?  The future role of the Euro on the global scene  Whether China is in a balance sheet recession  The pros and cons of Argentina dollarizing its economy 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. Lyn Alden’s book, Broken Money – Read reviews here  Our interview with Lyn Alden about her book, Broken Money Our interview with Lyn Alden about How the Fed Went Broke Our interview with Lyn Alden about Macro and the Energy Market Our interview with Lyn Alden about Money Our interview with Lyn Alden about Gold and Commodities  Lyn Alden's free 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 the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Noble Gold Investments Wise American Express Business Gold Card Shopify Ka’Chava Babbel Alto Vanta Salesforce Percent NetSuite Toyota Glengoyne Whisky Monetary Metals HELP US OUT! Help us reach new listeners by leaving us a rating 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!

We Study Billionaires - The Investor’s Podcast Network

TIP591: Currencies and Debt w/ Lyn Alden

Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read. Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s most admired Fortune 500 CEOs and a variety of public figures and celebrities, including Bill Gates, Tom Brady, Richard Branson, Stan Lee, Oprah Winfrey, Sergey Brin, Larry Page, and Elon Musk’s SpaceX Team. Jim puts high-level people in the position to use their brain power at optimum levels. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:33 - Why we should reconsider the practices we use to learn. 06:46 - Why all behavior is belief-driven. 10:11 - The number one asset we have to achieve anything we desire. 13:16 - The framework Jim uses to stay motivated. 17:45 - Arnold Schwarzenegger’s advice to Jim on what it takes to be the best in your field. 26:46 - How a strong sense of purpose can help anchor us in thinking long-term. 29:49 - How we can reach the flow state. 34:24 - Ways in which we can improve our focus and concentration. 36:43 - Why great questions will lead us to the answers we need. 47:43 - The mental benefits of a reading habit. 52:32 - Why it’s oftentimes better to read a book rather than listen to an audiobook. 56:15 - How you can increase reading retention. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jim’s Book: Limitless. Jim’s Podcast: Kwik Brain. Find out your brain type here. Jay Papasan’s book: The One Thing. Check out our TIP Mastermind Community. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Related Episode:TIP464: The Billionaire Coach’s Playbook w/ Matt Spielman. or watch the video. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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: River AlphaSense Noble Gold Investments Wise American Express Business Gold Card Shopify Ka'Chava Babbel Alto Vanta Salesforce Percent NetSuite Toyota Glengoyne Whisky Monetary Metals HELP US OUT! Help us reach new listeners by leaving us a rating 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!

TIP590: Lifelong Learning w/ Jim Kwik

James Lavish joins Preston Pysh to help understand an interesting situation where we’re starting to see failed treasury auctions, enormous recessionary pressures building in the markets, along with a reverse repo facility that’s getting drained at a breakneck pace. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:08 - What is James currently seeing that's going to dominate the markets in 2024? 21:03 - What happened with the recent treasury auction tail that caused a 3 SD move in price action? 29:52 - What is fundamentally causing a poor auction like that to happen? 01:01:41 - What is something James is excited about in 2024? 01:03:55 - How does James see Bitcoin's performance in 2024 with such a macro situation playing out? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES James on Twitter. James' Newsletter. James' VC Firm. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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: River AlphaSense Noble Gold Investments Wise American Express Business Gold Card Shopify Ka'Chava Babbel Alto Vanta Salesforce Percent NetSuite Toyota Glengoyne Whisky Monetary Metals

BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish (Bitcoin Podcast)

Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more. Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and primarily caters to high-net-worth individuals.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:12 - What a market crisis is. 05:42 - Why it’s important to study history as investors. 09:11 - What led to hyperinflation in Zimbabwe. 15:14 - The market crisis in Iceland that led to their stock market falling by 95%. 28:09 - The lost decade of Japan. 32:11 - Potential parallels between the bubble in Japan and markets in the US today. 47:53 - Brendan’s biggest takeaways from studying market crises. 53:44 - The US energy crisis in the 1970s. 58:06 - Companies that perform best during inflationary periods. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Brendan’s book: Markets in Chaos. Brendan’s firm: Lafayette Investments. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Related Episode: TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham or watch the video. Connect with Brendan on LinkedIn. Follow Clay on Twitter. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka’Chava Wise Toyota Shopify

TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes

IN THIS EPISODE, YOU’LL LEARN: Why is Jeff training an AI agent to personify himself? How could such an agent potentially be used in the future? What does this mean for overall productivity for people that have the means to train such an agent? What other things might happen as a result of this AI growth? What is the difference between the way Jeff is training his AI versus the way Preston is training his? What method will win in the long-haul for training AI agents? Is there concern people should have with providing the data for these agents? How does Bitcoin enter into this equation? Why are Jeff and Preston so interesting in the FinCEN proposal that was recently released for comment? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jeff's VC Firm Ego Death Capital. Jeff Booth's Twitter. Jeff's book, The Price of Tomorrow. 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

BTC157: Personal AI Models and Bitcoin w/ Jeff Booth (Bitcoin Podcast)

On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit.  Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio. 06:56 - The state of credit markets today. 12:38 - How private credit fits into the bigger credit market picture. 13:16 - What has led to the massive growth of private credit since the great financial crisis. 17:22 - How a typical private credit deal is structured. 22:50 - Why companies utilize private credit in their capital structure. 26:05 - Current interest rates in a private credit deal. 26:26 - Default rates in private credit. 38:40 - How Percent is helping satisfy high demand in the private credit market. 41:23 - How to get diversified in private credit. 52:02 - The most important things to understand prior to investing in private credit. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out our newly released TIP Mastermind Community. Learn more about Percent. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Related Episode: TIP559 Mastering the Market Cycle by Howard Marks or watch the video. Follow Clay on 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify HELP US OUT! Help us reach new listeners by leaving us a rating 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!

TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu

Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation? 12:10 - How are you helping people visualize that Bitcoin is a store of value? 29:01 - What Bitcoin is actually backed by. 39:35 - What Bitcoin's next bull market might look like. 45:19 - Why match conviction with knowledge. 01:05:02 - Parker's new book. 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. Parker Lewis' Twitter. All articles that Parker has written. Parker's New Book, Gradually Then Suddenly. Parker's new Company Zaprite. Parker's company Unchained Capital. Parker's presentation on Bitcoin is Not a Hedge. Related episode: Listen to BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole, or watch the video. Related episode: Listen to BTC069: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew, 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

BTC156: Bitcoin is Not A Hedge w/ Parker Lewis (Bitcoin Podcast)

In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:09 - What Anthony Kingsley learned from his great mentor, James Findlay. 07:22 - Why their firm, Findlay Park, lives by the mantra “Keep it simple.”  10:38 - How the firm structures its fees to be simple & fair.  19:02 - Why the key to long-term success is avoiding disaster. 18:06 - How Anthony harnesses diversification to reduce stress. 24:19 - How to incentivize a team of equity analysts. 27:40 - How he avoids repeating common investment mistakes. 39:53 - How he developed his 28-point investing checklist. 41:07 - Why he focuses intensely on analyzing corporate culture. 45:46 - Why it’s perilous to dismiss or ignore ESG. 53:54 - Why he never invests in biotech or pharma. 54:53 - Why he’s more excited about mid-caps than mega-caps. 1:01:10 - What makes the US a wonderful market for investors. 1:10:08 - Why he’s optimistic about the UK’s economic future.  1:14:51 - How he balances work, family, & play. 1:42:08 - What role luck has played in his success. 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. Anthony Kingsley’s investment firm, Findlay Park. Atul Gawande’s book The Checklist Manifesto. Matthew Walker’s book Why We Sleep. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify HELP US OUT! Help us reach new listeners by leaving us a rating 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!

RWH036: The Power Of Simplicity w/ Anthony Kingsley

On today’s episode, Clay is joined by Kyle Grieve to share a stock deep dive on Dino Polska. Dino Polska is an incredible business that has increased its store base by over 5x since 2015 and increased its earnings per share by over 10x since that time. Kyle Grieve is the host of The Millennial Investing Podcast and also helps Clay run the TIP Mastermind Community – a community built by investors, for investors. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:44 - The primary characteristics Kyle looks for in his stock investments. 06:00 - What Dino Polska’s business model is and how they’ve perfected their growth formula. 10:45 - What sticks out about Dino’s management team. 14:33 - Dino Polska’s competitive advantages. 22:31 - What enables Dino Polska to continue to grow its store counts at above-average rates. 27:36 - Why it’s important to understand both the qualitative and quantitative aspects of a moat and durable competitive advantage. 31:28 - The key things to know about Dino operating in Poland. 38:36 - How Kyle views the valuation of Dino Polska. 41:27 - Potential new verticals that Dino Polska may expand into. 49:37 - Potential risks investing in Dino Polska. 54:23 - What live events TIP recently hosted in NYC. 1:01:24 - How you can join Clay and Kyle in Omaha for our upcoming events during the Berkshire weekend. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out our newly released TIP Mastermind Community. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Sohra Peak Capital Partner’s Research on Dino Polska. Related Episode: Listen to TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video. Invest in International Stocks with Interactive Brokers. Follow Kyle on Twitter. Follow Clay on 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify HELP US OUT! Help us reach new listeners by leaving us a rating 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!

TIP587: Dino Polska: A Polish Compounder w/ Kyle Grieve & Clay Finck

Preston Pysh chats with Bitcoin Magazine’s, Dylan LeClair all about the important Bitcoin news stories happening in the 4th Quarter of 2023. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:52 - How Dylan's AI adventure has progressed in 2023. 06:19 - What is causing the big moves in Bitcoin right now? 15:37 - What happens with the fixed income market from here? 41:23 - His thoughts on the Bitcoin ETF. 41:23 - What advice should Boomers take to understand Bitcoin? 43:51 - Does Dylan think cash settled derivatives can influence the underlying price of Bitcoin? 53:18 - Is there anything coming out of the SBF trial that is noteworthy or important? 56:43 - Dylan's thoughts on BitVM. 01:12:31 - What is something that is under-reported in the Bitcoin space? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Dylan's Twitter. Bitcoin Magazine Pro that Dylan writes for. Related episode: Listen to BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair, or watch the video. Related episode: Listen to BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair, 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

BTC155: Dylan LeClair Bitcoin Market Overview (Bitcoin Podcast)

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put LVMH on his watchlist and is waiting to buy the dip. Hari’s pick, Dollar General, is down 50%, and super investors like Chris Bloonstran, Seth Klarman, and Tom Gayner have invested, and insiders have been buying too. Tobias pitches Inmode, a stock facing a lot of bad news as a result, could be trading at a very attractive price.  Ensure you stay around for the end of the episode, where we share information about how you can meet up with our hosts William Green, Clay Finck, and Kyle Grieve in Omaha for the Berkshire shareholder's meeting. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 11:33 - Why Tobias is bullish on InMode 38:35 - Why Hari is bullish on Dollar General  1:06:46 - Why Stig is bullish on LVMH   1:43:54 - How can you pitch your stock to the TIP Mastermind Community  1:59:43 - How to meet up with the TIP team and listeners in Omaha in May Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the waiting list for our TIP Mastermind Community. Contact Clay for more information about our exclusive weekend in Omaha at clay@theinvestorspodcast.com. Get help planning your trip to Omaha by listening to this episode or watch the video. Tune in to the Mastermind Discussion Q3 2023 - TIP576 or watch the video. Listen to Mastermind Discussion Q2 2023 - TIP557 or watch the video. Tune in to Mastermind Discussion Q1 2023 - TIP528 or watch the video. Listen to Mastermind Discussion Q1 2022 - TIP418 or watch the video. Tune in to Mastermind Discussion Q2 2022 - TIP450 or watch the video.   Listen to Mastermind Discussion Q3 2022 - TIP475 or watch the video. Tune in to Mastermind Discussion Q4 2022 - TIP496 or watch the video. Dollar Generals’s debt situation on page 35.   Listen to Chris Bloomstran’s interview with William Green about Dollar General or watch the video. Erwan Rambourg’s book, Future Luxe – read reviews of this book. Our FREE stock analysis resource, Intrinsic Value Index. Subscribe to our FREE Intrinsic Value Assessments. Tobias Carlisle's podcast, The Acquirer’s 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. 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

TIP586: Mastermind Q4, 2023 w/ Tobias Carlisle and Hari Ramachandra

Clay Finck is joined by Shree Viswanathan to discuss his concentrated, patient, and global approach to investing. They touch on many of the key aspects to successful long-term investing as well as one of Shree’s portfolio holdings, Dino Polska, which reminds him of Walmart in their early days. Shree Viswanathan is the founder and portfolio manager of SVN Capital. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:17 - The story of his father earning 40x on an investment despite never garnering an interest in the subject.  08:54 - Spiritual and life lessons that Shree has learned over the years. 14:52 - The most important aspects to understand investing internationally. 20:52 - What makes India an attractive hunting ground for long-term investors. 33:10 - Why we should remain fully invested in uncertain times. 38:57- How investors can minimize the impact of ego hurting their performance. 41:30 - The benefits Shree has seen from a daily meditation practice. 46:31 - What led him to run a concentrated portfolio of only 9 holdings. 53:16 - Why Dino Polska out of Poland reminds Shree of Walmart in their early days. 56:43 - How Shree thinks about inflation and currency risk investing internationally. 01:11:10 - How Shree thinks about the valuation of Dino Polska. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out our newly released TIP Mastermind Community. Shree’s fund: SVN Capital. Compensation by Ralph Waldo Emerson. Wealth by Ralph Waldo Emerson. The Money Game by Adam Smith. A Search in Secret India by Andrew Brunton. The Sketchbook of Wisdom by Vishal Khandelwal. Related episode: Listen to WSB569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video. Related episode: Listen to WSB543: 100 Baggers: Stocks That Return 100-1 w/ Chris Mayer or watch the video. Follow Shree on Twitter. Follow Clay on 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify HELP US OUT! Help us reach new listeners by leaving us a rating 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!

TIP585: Concentrated Value Investing w/ Shree Viswanathan

In the fourth quarter 2023 mastermind discussion with Preston Pysh, Joe Carlasare, Jeff Ross, and Steven McClurg, we cover a broad range of macro and Bitcoin topics. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:28 - The DTCC website listing various Bitcoin ETFs. 01:28 - Will the Bitcoin ETF even bring new interest to Bitcoin? 26:05 - What is happening in the treasury market right now? 33:45 - The current bull market in Bitcoin - what's driving it? 53:27 - What's the broader implications of the treasury market moves? 01:04:15 - Oil. 01:04:15 - PBOC liquidity injections and overall outside influences to liquidity. 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’s Legal Practice. Steven’s company Valkyrie. Jeff’s Investment Firm. 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 the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)

In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 10:09 - What Chris Davis has learned from Buffett & Munger about aging well. 18:27 - Why trust is a superpower in business & life. 30:04 - Why many successful investors fail to build good relationships. 38:31 - How Buffett & Munger consciously avoid their weaknesses. 40:38 - What Buffett learned from Dale Carnegie. 1:00:26 - Why Chris views Jeff Bezos as “the LeBron James of capitalism.” 1:18:24 - What it’s like to hear Buffett talk at Berkshire’s board meetings. 1:21:37 - How Buffett thinks about risk & resilience. 1:26:44 - How Munger inspired Chris to be radically open about his mistakes. 1:38:59 - How to run an organization that breeds excellence.  1:52:10 - What Chris learned from Cardinal John Newman. 2:00:25 - What Buffett teaches about friendship, generosity, & kindness. 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 Davis’s investment firm, Davis Advisors. Dale Carnegie’s book, How to Win Friends & Influence People. Dale Carnegie’s book, How to Stop Worrying & Start Living. Titan, Ron Chernow’s biography of John D. Rockefeller. Autobiography of Benjamin Franklin. Listen to William Green’s podcast interview with Ray Dalio or watch the video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X (AKA Twitter). SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

RWH035: Learning from Warren Buffett & Charlie Munger w/ Chris Davis

Clay Finck is joined by Sahil Bloom. Sahil is the writer behind the spectacular newsletter, The Curiosity Chronicle, which has garnered 500,000 subscribers in just a few years. During this discussion, Sahil and Clay explore the philosophies and frameworks that Sahil has used to build a meaningful life that has impacted hundreds of thousands of people while also staying true to what is truly most important to him. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:57 - Sahil’s framework around finding the right work for you. 08:31 - How we can utilize career leverage. 10:10 - What it means to “swallow the frog” for your boss. 12:20 - How authenticity plays into success. 23:14 - Why Sahil keeps his focus on playing long-term games through his work, relationships, and health. 25:30 - Whether he finds it difficult to remain consistent. 26:57 - How big goals can destroy your happiness. 32:13 - The mental framework Sahil uses to determine what projects to focus on. 35:51 - How Sahil thinks about asset allocation as a business owner. 42:14 - Jeff Bezos’s business approach of turning cost centers into profit centers and how Sahil applied this in practice. 53:03 - How Sahil finds the right balance to prioritize the things that are most important in his life. 59:41 - How Sahil ensures that he is continually consuming high-quality content. 64:01 - What is to come in Sahil’s new book. 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. Sahil’s newsletter: The Curiosity Chronicle. Anne-Laure Le Cunff’s writings at Ness Labs. Related episode: Listen to TIP336: Mental Models used by Billionaires w/ Sahil Bloom or watch the video. Related episode: Listen to BTC055: The Cantillon Effect w/ Sahil Bloom or watch the video. Follow Sahil on Twitter and Instagram. Follow Clay on Twitter. SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

TIP584: Optimizing for the Long-Term w/ Sahil Bloom

We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market. We Study Billionaires is the largest stock investing podcast show in the world with 100,000,000+ downloads and is hosted by Stig Brodersen and Clay Finck. This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life. And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.

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We Study Billionaires - The Investor’s Podcast Network

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