The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
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Trailer: The Investor's Podcast Show (formerly We Study Billionaires)
13 mei 2026 · 1 min
Hosted by Stig Brodersen, William Green, Shawn O'Malley, Daniel Mahncke, and Kyle Grieve, The Investor’s Podcast has proudly reached nearly 200 million downloads, as the world's largest stock-investing-focused podcast. Lees meer
On the show, we study a range of businesses and their investment prospects, from Spotify to Amazon, serial acquirers like Constellation Software, deep value plays, and more, using lessons from some of the world's most famous investors, like Warren Buffett, Charlie Munger, and Howard Marks.
Leverage the lessons we learned from studying, and talking to, the world's best investors, and apply them in your own investing journey, while following along with our company case studies. For more insights on how to value companies and build a stock portfolio, you can also sign up for our free weekly newsletter.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
RWH068: How to Be Better in Work & Life w/ David Epstein
10 mei 2026 · 1 uur 34 min
William Green chats with David Epstein about his groundbreaking new book, Inside the Box. In this conversation, David shares practical strategies & research-based insights to help you flourish professionally & personally. In a world of infinite choices & complexity, this episode directs your focus to what matters most. Lees meer
IN THIS EPISODE YOU’LL LEARN:
(00:00:00) Intro
(00:01:05) What David Epstein learned from a brilliant Nobel Prize-winning economist
(00:04:14) Why it’s smart to aim for “good enough”
(00:05:59) How a brutal injury led David to life-changing breakthroughs
(00:20:14) What he does to preserve his attention
(00:25:58) How Isabel Allende illustrates the powerful benefits of silence & structure
(00:35:59) How to identify bottlenecks & tackle limiting factors
(00:50:42) Why one of the world’s hottest start-up companies flamed out
(00:54:51) How a structured system made Pixar a creative & financial trailblazer
(01:03:01) How to balance a grand vision with practical steps along the way
(01:07:16) What a dead blues guitar hero can teach you about focused learning
(01:12:14) Why limitless autonomy may not make you as happy as you expect
(01:16:46) How to identify values that give meaning & coherence to your life
(01:22:35) What David learned from his most inspiring role modelsDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Inquire about William Green’s Richer, Wiser, Happier Masterclass.
David Epstein’s books: Inside the Box, Range, The Sports Gene.
William’s book, Richer, Wiser, Happier.
Follow William Green on X.
Related books mentioned in the podcast.
Ad-free episodes on our …
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TIP813: Microsoft (MSFT): Is Microsoft a Misunderstood AI Opportunity? w/ Daniel Mahncke & Shawn O’Malley
7 mei 2026 · 1 uur 34 min
Daniel Mahncke and Shawn O'Malley take a deep dive into Microsoft — the $3 trillion incumbent whose entire investment thesis now hinges on two of the most contested questions in technology: whether AI will reinforce or quietly dismantle the software franchises that built the company, and whether the OpenAI partnership is the strategic masterstroke it appeared to be in 2023, or a relationship that is slowly turning from asset into liability. Lees meer
IN THIS EPISODE YOU’LL LEARN:
(00:00:00) Intro
(00:01:27) About all major business units
(00:12:05) How LinkedIn’s business works
(00:18:24) How the cloud business keeps growing
(00:21:17) What the future plans for gaming are
(00:24:49) Why the Office products might be in danger
(00:50:52) How AI is challenging Microsoft’s software
(00:55:10) Who captures the most value from AI
(01:22:46) Valuation discussion of Microsoft
(01:26:13) Whether Shawn and Daniel add MSFT to the Intrinsic Value PortfolioDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Microsoft Investor Relations.
World Economic Forum Interview with CEO.
Follow Daniel on X and Linkedin.
Follow Shawn on X and Linkedin.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses through The Intrinsic Value Newsletter.
Check out …
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TIP812: Mohnish Pabrai on Berkshire & Letting Winners Run
3 mei 2026 · 1 uur 8 min
On today’s show, Stig Brodersen talks with legendary value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have grown to $17.29, compared with $6.29 for the S&P 500. In the special interview, you can join Mohnish and Stig’s discussion on Berkshire Hathaway, investing mistakes, and the importance of letting winners run. Lees meer
Disclaimer: Stig Brodersen is an investor in Pabrai Funds, which creates a potential conflict of interest, as he may benefit if the funds perform well. He will not be compensated for this interview
IN THIS EPISODE YOU’LL LEARN:
(00:00:00) Intro
(00:01:53) Whether Greg Abel’s compensation is fair
(00:05:21) Why most investments fail, and why that’s okay (the “4% rule”)
(00:11:40) Whether to own Berkshire Hathaway or the S&P500 over the next century
(00:28:23) Why Stig thinks that Mohnish diversifies too much
(00:31:04) Why good asset managers should eventually have 95% of their portfolio in one stock
(00:36:21) How Mohnish met Michael Burry
(01:04:50) What Mohnish learned from his best friend Guy SpierDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Mohnish Pabrai’s website.
Learn more about Mohnish Pabrai’s Dakshana Foundation.
Our interviews with Mohnish Pabrai about Investing and Life Lessons.
Our interviews with Mohnish Pabrai about The Inner Scorecard.
Our interviews with Mohnish Pabrai about Masterclass Investing.
Our interviews with Mohnish Pabrai about investing in stocks.
Follow Stig on X and Linkedin.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Fee…
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TIP811: OTC Markets (OTCM): A Picks and Shovels Play in Modern Capital Markets w/ Kyle Grieve & Shawn O'Malley
30 april 2026 · 1 uur 21 min
Kyle Grieve and Shawn O’Malley analyze OTC Markets Group, a hidden infrastructure company that collects tolls on over 12,000 securities while operating with fewer than 130 employees. They explore why OTCM is the only viable option for small companies and international firms seeking access to the US market. Find out whether the current stock price offers an attractive entry point for value investors. Lees meer
IN THIS EPISODE YOU’LL LEARN:
(00:00:00) Intro
(00:01:24) Why OTC Markets operates as a hidden monopoly, most investors have never heard of
(00:03:08) The three business segments generating recurring revenue from market infrastructure
(00:09:09) How OTCM's pricing power compares to other monopolistic businesses
(00:14:54) Why 130 employees can manage the infrastructure for over 12,000 securities
(00:19:41) What keeps customers so loyal
(00:27:02) How regulatory relationships create barriers to entry
(00:50:22) The surprising reason declining subscriber counts might not be concerning
(00:59:00) The exceptional unit economics that make Corporate Services so profitable
(01:02:29) Why management's capital allocation approach is so different from that of typical CEOs
(01:11:54) Valuation discussion of OTCM
(01:13:56) Intrinsic value of OTCM
(01:15:00) Whether this hidden infrastructure gem deserves a spot in your portfolioDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Join The Intrinsic Value Conference in Omaha this May 1, 2026!
Track The Intrinsic Value Portfolio.
Learn more about OTC Markets Group on their IR.
Listen to an interview with CEO, Cromwell Coulson.
Follow Kyle on X and Linkedin.
Follow Shawn on X and Linkedin.
Related …
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TIP810: Berkshire Hathaway 2026 Valuation w/ Chris Bloomstran
26 april 2026 · 1 uur 39 min
Stig has invited legendary investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 12.4% on equities since its fund's inception on 2/28/1999, compared to 8.5% for the S&P 500. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:25 - What the intrinsic value of Berkshire Hathaway is, and what type of return you can get going forward
00:21:39 - Chris’s opinion on Greg Abel’s first letter to shareholders
00:38:39 - How should Berkshire management be compensated?
01:05:36 - How to think about valuing OpenAI
01:12:42 - Why S&P 500 share buybacks don’t benefit investors
01:22:53 - Thinking about investing risk from sudden loss vs. the slow decline of an asset manager
01:29:03 - Why Buffett reads Chris’s annual letterDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Join The Intrinsic Value Conference in Omaha this May 1, 2026!
Stig’s 2025 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2024 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2023 interview with Chris Bloomstran about Berkshire Hathaway.
Chris Bloomstran’s website.
Read Chris Bloomstran’s annual letters.
Buffett resource on CNBC.
Alex Morris’ book, Buffett and Munger Unscripted.
Follow Stig on X and Linkedin.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses through …
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TIP809: The Real Estate Data Empire Making a $5 Billion Bet: CoStar Group w/ Shawn O'Malley & Daniel Mahncke
23 april 2026 · 1 uur 37 min
Shawn O'Malley and Daniel Mahncke explore CoStar Group (ticker: CSGP), the dominant provider of commercial real estate data and analytics, and assess whether the company's massive $5 billion bet on Homes.com can successfully crack the residential real estate market dominated by Zillow, or whether this ambitious expansion will destroy shareholder value. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:42 - Why the company has delivered nearly 60 consecutive quarters of double-digit revenue growth
00:09:17 - How CoStar built a dominant, near-monopoly position in commercial real estate data and analytics
00:18:30 - How CoStar generates roughly 50% profit margins on its core B2B business
00:44:12 - What makes CoStar's data moat so durable and difficult for competitors to replicate
00:48:12 - How the company's acquisition-driven strategy has fueled decades of growth
00:56:22 - Why CoStar is investing $5 billion into Homes.com to take on Zillow and Realtor.com
00:58:21 - Competitive landscape in the residential real estate marketplace
01:08:41 - Whether CoStar's massive residential bet will pay off or destroy shareholder value
01:23:57 - How Shawn and Daniel value CoStar and whether CSGP belongs in the portfolioDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Join The Intrinsic Value Conference in Omaha this May 1, 2026!
Sign up for The Intrinsic Value Newsletter.
Track The Intrinsic Value Portfolio.
Costar pitch on the Value Investors Club.
Drew Cohen’s podcast on CoStar.
Follow Daniel on X and Linkedin.
Follow Shawn on X and Linkedin.
Related books mentioned in the podcast.
Ad-free episodes on our …
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TIP808: Current Market Opportunities w/ Daniel Mahncke & Clay Finck
19 april 2026 · 1 uur 25 min
On today's episode, Clay is joined by Daniel Mahncke to discuss the companies they find most interesting in today’s market. They discuss Mercado Libre’s long-term growth potential, Amazon’s expanding earnings power driven by AI and robotics, and how AI could impact Constellation Software and other related companies. They wrap up the discussion by touching on a company that AI is very unlikely to disrupt — Hermès. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:10:08 - Why Mercado Libre continues to grow rapidly despite short-term margin pressure00:17:19 - How Mercado Libre’s ecosystem creates long-term advantages in e-commerce and fintech00:25:06 - Why Amazon’s investments in AI and robotics could significantly expand margins00:23:21 - How AWS and AI infrastructure demand position Amazon for long-term growth01:07:40 - The real risks AI poses to SaaS and vertical market software businesses00:40:03 - Why companies like Constellation Software may remain more resilient than investors fear01:14:20 - Daniel’s thoughts on Hermès after the recent 40% pullback in the stockDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Join The Intrinsic Value Conference in Omaha this May 1, 2026!
Daniel’s model on Hermès.
Related Episode: TIP804: Kinsale Capital Stock Deep Dive w/ Clay Finck & Daniel Mahncke.
Related Episode: TIVP058: Hermes: The Most Prestigious Luxury Brand in the World w/ Daniel Mahncke & Shawn O’Malley.
Related Episode: TIVP060: Constellation Software (CSU): Historic Drawdown, Historic Buying Opportunity w/ Daniel Mahncke & Shawn O’Malley.
Follow Clay on LinkedIn & X.
Follow Daniel on LinkedIn & X.
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TIP807: Portfolio Review: Analyzing Holdings and Watchlist Companies for 2026 w/ Daniel Mahncke, Shawn O'Malley, & Kyle Grieve
16 april 2026 · 1 uur 48 min
Daniel Mahncke, Shawn O'Malley, and Kyle Grieve take a closer look at the Intrinsic Value Portfolio and some of the high-priority watchlist companies. The episode covers high-conviction portfolio holdings such as Airbnb, Universal Music Group, Reddit, and Exor, as well as watchlist companies like FICO, Trade Desk, and Nintendo. They also cover companies that might need to leave the portfolio today. Candidates are TransDigm and Copart. Lees meer
For each, the question is the same: what are the key points of the investment thesis, has the thesis held up, and does the current valuation still make sense?
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:05:10 - The key thesis behind Exor
00:16:16 - The key thesis behind TransDigm and our thoughts on Copart
00:33:05 - The key thesis behind Reddit
00:43:54 - The key thesis behind Airbnb
01:01:41 - The key thesis behind Universal Music Group
01:13:54 - Our thoughts on Trade Desk
01:27:42 - Our thoughts on FICO
01:36:40 - Our thoughts on NintendoDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Join The Intrinsic Value Conference in Omaha this May 1, 2026!
Podcasts: Exor, TransDigm, Copart, Reddit, Airbnb, Universal Music Group, Trade Desk, FICO.
Newsletters: Exor, TransDigm, Copart, Reddit, Airbnb, Universal Music Group, Trade Desk, FICO.
Follow Daniel on X and Linkedin.
Follow Shawn on X and Linkedin.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed…
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RWH067: Prudent Investing In Perilous Times w/ Matthew McLennan
12 april 2026 · 1 uur 37 min
In this episode, William Green talks with Matthew McLennan, who oversees about $130 billion at First Eagle Investments. Matt is head of the firm’s Global Value team & a portfolio manager of its Global Value, Global Equity, International Value, International Equity & US Value strategies. Here, he explores how to build resilient wealth by patiently holding a “non-uniform” portfolio of scarce assets that should endure & prosper even in difficult conditions. This episode provides a time-tested survival strategy for investors looking to navigate this period of extreme uncertainty. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:02:14 - Why Matthew McLennan thinks investors should prepare for turmoil.00:17:43 - How to construct a resilient portfolio by thinking like a gardener.00:19:38 - Why Matt loves businesses with scarce assets in mundane industries.00:23:02 - Why survival is the key to investment success.00:23:33 - How cash & gold provide a ballast in the event of unexpected storms.00:26:28 - Why he’s wary of a highly concentrated investment strategy.00:51:07 - How patience has become a powerful edge in a hyperactive world.00:57:17 - How to build long-term success by focusing on process, not rewards.01:05:28 - How to think better by harnessing our right-brain capabilities.01:23:05 - Why “what’s hot today” is likely to produce terrible investment returns.01:25:10 - How studying wine & playing backgammon help him as an investor.01:29:04 - Why he favors a team-based approach, instead of being a lone wolf.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Inquire about William Green’s Richer, Wiser, Happier …
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TIP806: Wise PLC w/ Kyle Grieve and Daniel Mahncke
10 april 2026 · 1 uur 32 min
Kyle Grieve is joined by co-host Daniel Mahncke to discuss Wise PLC, a London-listed FinTech company that enables cheap and fast cross-border payments by matching local flows rather than moving money internationally through costly SWIFT networks. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:45 - The clever mechanism Wise uses to move money without actually crossing borders
00:09:14 - Why two Estonians at a London party ended up disrupting global banking
00:13:44 - How Wise earns revenue from four streams
00:21:44 - Which of Wise's three competitor industries is the most threatening and why
00:26:04 - How fast payments have become at Wise
00:42:12 - Why deliberately lowering your own prices can be a sign of business strength
01:08:12 - The flywheel that makes Wise harder to beat, the larger it grows
01:10:35 - What to make of the CEO controversy
01:23:51 - How Wise's capital allocation stacks up against Buffett's ultimate litmus test
01:30:26 - What the numbers suggest investors could earn holding WiseDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Kyle and Daniel use Fiscal.ai for every company they research — use their referral link to get started with a 15% discount!
Read about cross-border payments 101.
Read more on Wise, featured in Wall Street’s Blind Spots.
Listen to a conversation with Wise’s CEO, Kristo Käärmann.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed…
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TIP805: Stock Market Maestros w/ Kyle Grieve
5 april 2026 · 1 uur 4 min
Kyle discusses Stock Market Maestros, revealing that elite fund managers succeed not by picking winners the majority of the time, but by making dramatically more on their wins than they lose on their losses. Through profiling world-class fund managers, the book proves that disciplined execution, such as how you size, hold, and exit positions, ultimately matters more than stock selection itself. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:43 - The five investor archetypes and why behavior determines investing success
00:06:37 - How three key metrics identify truly skilled investors from lucky ones
00:09:36 - Why a 49% hit rate can still massively outperform the market
00:10:01 - How the best investors make 1.87x more on winners than losers
00:11:06 - Why riding winners longer matters more than finding the next great idea
00:12:59 - How different selling strategies suit different investing styles and timeframes
00:18:20 - Why losers consume disproportionate mental energy relative to portfolio weight
00:32:28 - How small position sizes allow larger losses without destroying overall returns
00:53:04 - Why changing your thesis to fit reality is a major red flag
01:07:40 - Why execution and position sizing matter as much as stock selectionDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy Stock Market Maestros.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO T…
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TIP804: Kinsale Capital Stock Deep Dive w/ Clay Finck & Daniel Mahncke
3 april 2026 · 1 uur 14 min
On today's episode, Clay is joined by Daniel Mahncke to break down Kinsale Capital. Kinsale is a specialty insurer that has quietly become one of the most exceptional businesses in the financial sector by dominating the Excess & Surplus insurance market. Lees meer
Clay and Daniel break down the DNA of this wonderful business, and if the recent drawdown in the stock is a compelling opportunity for value investors.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:32 - An overview of the insurance industry and how Kinsale fits into the bigger picture
00:17:32 - The durable competitive advantages that Kinsale has built
00:20:19 - The advantages of keeping underwriting in-house in the Excess & Surplus market
00:35:04 - What is driving Kinsale’s incredibly low combined ratio
00:39:29 - Why it’s focus on the E&S market and smaller accounts is a moat in itself
01:07:25 - Kinsale’s valuation and primary risks to monitor for investorsDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Check out The Intrinsic Value Podcast.
Check out The Intrinsic Value Newsletter.
Check out The Intrinsic Value Community.
Related Episode: TIP780: Top Stocks for 2026 w/ Shawn O'Malley, Daniel Mahncke, & Clay Finck.
Follow Clay on LinkedIn & X.
Follow Shawn on LinkedIn & X.
Follow Daniel on LinkedIn & X.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses through …
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TIP803: How Economics and Art Shape Better Investors w/ Kyle Grieve
29 maart 2026 · 1 uur 5 min
Kyle Grieve discusses key mental models from economics and art and how they apply to investing and decision-making. He explores economic concepts such as scarcity, supply and demand, optimization, specialization, efficiency, competition, and bubbles, illustrating them with real-world business examples. Then he shifts gears to art, examining things such as audience, contrast, framing, and narrative, emphasizing how they shape investor behaviour and decision-making. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:03:22 - How scarcity drives value and luxury brands engineer demand
00:07:40 - Why Costco wins by reducing scarcity and leveraging scale
00:09:03 - How supply and demand influence stock prices and volatility
00:10:53 - Why economic cycles impact nearly all businesses over time
00:12:38 - How COVID reshaped demand across industries and markets
00:14:19 - The risks of cyclical investing and the benefits of steady compounders
00:15:34 - How optimization can backfire in business and biology
00:19:49 - Why specialization has trade-offs and why investing legends often stay generalists
00:29:58 - The tension between competition, monopolies, and market structure
00:35:14 - How bubbles form through demand surges and investor psychology
00:38:45 - Why great management teams leverage audience building to build the right type of shareholder base
00:43:34 - How contrast framing and narrative shape investor decisions
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy The Great Mental Models Vol. 4 here.
Follow Kyle on X and LinkedIn.
Related books…
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TIP802: When Genius Was Just Luck: The Go-Go Years w/ Kyle Grieve
27 maart 2026 · 1 uur 5 min
In today’s episode, Kyle Grieve discusses the speculative boom of the 1960s “Go-Go Years” as presented in John Brooks’ book, highlighting the dangers of euphoria, leverage, and financial engineering. He explores case studies like Ross Perot, Edward Gilbert, Atlantic Acceptance, and Gerry Tsai to reveal how incentives, momentum, and fraud can distort markets. The episode ultimately emphasizes timeless investing lessons around valuation discipline, skepticism, and aligning incentives with long-term outcomes. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:02 - About the Nifty Fifty’s rise and the dangers of extreme valuation multiples
00:03:34 - Why great businesses can still be poor investments at high prices
00:05:07 - About Ross Perot’s EDS and the psychology of ignoring market volatility
00:09:45 - The dangers of leverage through Edward Gilbert’s collapse
00:16:13 - Why sharing stock ideas can create unintended consequences
00:19:32 - How fraud fueled Atlantic Acceptance’s explosive growth
00:29:17 - Why rapid growth without explanation signals potential risk
00:33:28 - Gerry Tsai’s momentum strategy and performance-chasing cycles
00:42:07 - How conglomerates used financial engineering to create illusory valueDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy The Go-Go Years.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses through …
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TIP801: Value Investing Meets Venture Capital w/ Kyle Grieve
22 maart 2026 · 1 uur 4 min
In today’s episode, Kyle Grieve discusses lessons from venture capital that long-term value investors can apply to improve decision-making. He explores concepts such as power laws, network effects, de-risking investments, and the importance of holding high-potential businesses. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:23 - How venture capital power laws shape investing returns and portfolio outcomes
00:06:19 - Why a tiny number of winners dominate most long-term investing results
00:08:41 - Why selling potential power-law winners early can severely damage portfolio performance
00:08:41 - How modest portfolio contributors can evolve into massive long-term winners
00:09:21 - Why accepting losses is the cost of capturing outsized investing returns
00:11:25 - How Moore’s Law and Metcalfe’s Law create powerful technology-driven investment opportunities
00:13:34 - Why investors should scale positions as businesses become progressively de-risked
00:25:41 - How unpopular or overlooked businesses can generate exceptional long-term investment returns
00:32:24 - Why averaging up in strong businesses can outperform traditional value strategies
00:57:06 - How long-horizon arbitrage allows investors to benefit from fundamental business improvementDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy The Power Law.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing busin…
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TIP800: Navigating an AI-Driven Market w/ François Rochon
20 maart 2026 · 1 uur 15 min
On today's episode, Clay is joined by François Rochon to discuss his 2025 annual letter and the key themes shaping markets in 2025. He also digs into his top holdings, including Constellation Software, Alphabet, and Meta. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:18 - François's key takeaways and lessons from 2025
00:03:58- Why François views AI as a revolution on par with the early internet
00:07:04 - The circular investment dynamic in AI infrastructure and what it means for companies like Nvidia
00:11:46 - How Alphabet and Meta are using massive capex spending to both defend and grow their businesses
00:17:52 - Why François believes shares of Constellation Software are cheap despite the AI-driven sell-off in software stocks
00:30:03 - What made Mark Leonard one of François's favorite CEOs
00:42:09 - Why François sold CarMax after 18 years
01:11:29 - The three essential qualities every successful long-term investor must developDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Rochon’s firm: Giverny Capital.
Rochon’s annual letters.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TIP799: The Davis Dynasty w/ Kyle Grieve
15 maart 2026 · 1 uur 6 min
Kyle Grieve discusses the remarkable story of the Davis Dynasty, a multi-generational investing family that compounded wealth through discipline, focus, and a deep understanding of insurance businesses. He explores the philosophies of Shelby Davis, his son Shelby Cullom Davis, and his grandson Chris Davis. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:44 - How and why Shelby Davis entered investing later in life
00:06:31 - Why frugality shaped Davis’s investing philosophy
00:11:57 - How insurance became Davis’s core compounding engine
00:14:54 - Why stocks beat bonds during inflationary decades
00:17:16 - How Davis utilized leverage
00:20:20 - What the “Davis Double Play” is and how to use it
00:34:58 - Why an early winning track record can be a dangerous thing
00:54:26 - How a few long-held businesses created the Davis dynasty’s wealthDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Read The Davis Dynasty.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our W…
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TIP798: Nintendo Stock Deep Dive w/ Clay Finck
13 maart 2026 · 1 uur 2 min
In this episode, Clay breaks down the fascinating history and business model of Nintendo, one of the most iconic entertainment companies in the world. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:58 - How Nintendo evolved from a playing card company into one of the world’s most influential gaming businesses
00:14:13 - How movies, theme parks, and mobile apps help extend Nintendo’s intellectual property
00:22:48 - The strategic shift from one-time console sales to recurring revenue
00:26:21 - Why the Switch 2 could expand Nintendo’s ecosystem
00:29:25 - How the Nintendo Switch transformed the company’s business model and profitability
00:47:00 - Why iconic franchises like Mario, Zelda, and Pokémon form the foundation of Nintendo’s competitive moat
00:52:51 - Whether Nintendo’s current valuation offers an attractive opportunity for long-term investorsDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
The Intrinsic Value Podcast’s episode on Nintendo.
Crossroads Capital Shareholder Letters.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check o…
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TIP797: Born To Be Wired w/ Kyle Grieve
8 maart 2026 · 1 uur 4 min
Kyle Grieve discusses the life and career of legendary capital allocator John Malone and details the at times complex strategies that helped him compound capital over decades. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:03:55 - How Malone uncovered fraud and took over Jerrold
00:06:20 - Why risk assessment shaped his “what if not” framework
00:09:21 - How he chose TCI over higher-paying offers
00:11:29 - Creative leverage strategies to survive heavy debt
00:13:23 - Why EBITDA helped reframe TCI’s cash economics
00:55:17 - How clustering acquisitions built regional cable dominance
00:18:51 - The Liberty Media spinoff and tax-efficient structuring
00:44:06 - Asymmetric bets that created massive upside for shareholders
00:34:34 - Lessons from disruption and Netflix’s streaming threat
00:48:54 - Malone’s thoughts on leadership, decentralization, and long-term capital allocation
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy Born To Be Wired here.
Listen to my episode on the Cable Cowboys here.
Follow Kyle on Twitter and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TIP796: Die with Zero & Linde Stock Analysis w/ Clay Finck
6 maart 2026 · 55 min
Clay explores Bill Perkins’ book Die with Zero, which challenges the traditional mindset of accumulating wealth at all costs and instead encourages readers to think more intentionally about how and when they spend their money.
In the second segment, Clay shifts gears to analyze Linde PLC, the global industrial gas powerhouse. He explains why Linde may represent an attractive opportunity in today’s market. Lees meerIN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:40 - Why optimizing for life experiences may matter more than maximizing net worth
00:23:56 - Why you should consider giving money to your kids earlier in life rather than later
00:27:28 - The tradeoff between compounding money and compounding memories
00:31:26 - The concept of time-bucketing your life to maximize fulfillment
00:35:42 - An overview of Linde PLC’s business and its strong competitive position
00:46:56 - Why Linde is an attractive opportunity to consider with AI disrupting so many different industriesDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Bill Perkins’ book: Die with Zero.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TIP795: Berkshire, Moody's, & BellRing Brands w/ Stig Brodersen, Tobias Carlisle, and Hari Ramachandra
1 maart 2026 · 1 uur 21 min
Stig is joined by Tobias Carlisle and Hari Ramachandra for a new round of stock pitches. They discuss Berkshire, Moody's and BellRing Brands. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:02:35 - Stig’s bull case for Berkshire: balance sheet, culture, and Greg Abel (NYSE: BRK.B)
00:27:09 - Berkshire bear case: slowing growth and capital allocation risks
00:30:47 - Tobias’ bull case for BellRing: FCF, protein brand strength, PE appeal (NYSE: BRBR)
00:38:30 - BellRing bear case: concentration, leverage, consumer shifts
00:47:02 - Hari’s bull case for Moody’s: moat, duopoly, recurring analytics (NYSE: MCO)
00:50:20 - Moody’s bear case: valuation, cyclicality, regulation, AI risk
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting.
Stig Brodersen’s Portfolio and Track record.
Check out Mastermind Discussion Q4, 2025 | Video.
Check out Mastermind Discussion Q3 2025 | Video.
Check out Mastermind Discussion Q2 2025 | Video.
Check out Mastermind Discussion Q1 2025 | Video.
Tobias' podcast, The Acquirers Podcast.
Tobias ' ETF, ZIG.
Tobias' ETF, Deep.
Tweet to Tobias Carlisle.
Hari's Blog.
Tweet to Hari.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TIP794: Keynes And The Markets w/ Kyle Grieve
27 februari 2026 · 1 uur 1 min
Kyle discusses the investing evolution of John Maynard Keynes and the timeless lessons modern investors can draw from his successes and failures. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:50 - Why John Maynard Keynes is such a fascinating case study in evolving as an investor
00:08:28 - A key resource that helped him think of assets from a bottom-up approach
00:10:59 - Why Keynes's experiences of going broke multiple times helped shape him into a long-term thinker
00:17:13 - How he thought about speculation and investing, and used that to beat the market
00:28:16 - How he improved his temperament, overcame overconfidence, and adopted a long-term mindset
00:36:21 - His thoughts on diversification and reducing risk
00:41:30 - Why he believed that markets were social systems, and the errors that exposed investors to
00:50:25 - What he thought about short-term volatility
01:01:16 - Why Keynes used adaptability as such a powerful tool
01:03:50 - Six impactful takeawaysDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Read Keynes and the Market.
Read Concentrated Investing.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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Programming Update Regarding Bitcoin Fundamentals and Infinite Tech
25 februari 2026 · 1 min
We will temporarily pause new episodes of both shows. Lees meer
In the meantime, we encourage you to check out our other shows in this feed, including The Investor's Podcast and Richer, Wiser, Happier.
Thank you for your continued support. We will provide updates as appropriate.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
RWH066: Essential Truths w/ Howard Marks, Nima Shayegh & William Green
22 februari 2026 · 1 uur 31 min
William Green highlights essential truths about investing, business & life that emerged from two of his favorite interviews with Howard Marks and Nima Shayegh. This episode also explores powerful lessons on resilience from Bill Miller & Epictetus. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:31 - How investing legend Howard Marks views the euphoria over AI
00:11:10 - What potential mistakes he warns against in this environment
00:13:23 - What essential lessons William Green has learned from Howard
00:23:00 - How Howard keeps an even keel amid extreme uncertainty
00:26:09 - Why Howard, like Einstein, doesn’t think much about the future
00:34:19 - Why investing early & not “tampering” is the key to success
00:38:39 - How Nima Shayegh looks beyond numbers to find great stocks
00:44:19 - How to harness intuition & emotion in the investment process
00:49:13 - How products from Tesla & Amazon inspire “blown-awayness”
00:57:10 - What Nima learned from his famed mentor, Lou Simpson
01:04:38 - How Lou’s success was built on humility
01:19:55 - How Lou & Nima inspire William’s yearning for a spacious life
01:23:56 - How to handle suffering with help from Bill Miller & EpictetusDisclaimer: 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, Kyle, and the other community members.
Inquire about William Green’s Richer, Wiser, Happier Masterclass.
Howard Marks’ Memos: The Complete Collection.
Edward Chancellor's Devil Take the Hindmost.
Allen Benello, Michael van Biema, Tobias Carlisle's
Concentrated Investing.William Green’s podcast interview with Howard Marks.
William Green’s podcast interview with Nima Shayegh.
William Green’s book, Richer, Wiser, Happier.
Follow William Green on X…
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TIP793: Thinking Fast & Slow by Daniel Kahneman w/ Clay Finck
20 februari 2026 · 1 uur
Clay explores Daniel Kahneman’s book Thinking, Fast and Slow, unpacking the cognitive biases that quietly shape our investment decisions. While markets often appear to be driven by data and logic, our decisions are frequently influenced by intuition, emotions, and mental shortcuts we don’t even realize we’re using. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:15 - Why temperament matters more than IQ in investing
00:11:10 - The difference between System 1 and System 2 thinking
00:16:01 - How cognitive substitution leads investors to answer the wrong questions and unknowingly ignore the more important questions
00:38:08 - How loss aversion shapes investor behavior during drawdowns and market volatility
00:54:01 - Clay’s updated views on Constellation SoftwareDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Daniel Kahneman’s book: Thinking Fast & Slow.
Sequoia Fund’s 2025 year-end letter.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs…
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TECH015: OpenClaw and Self-Sovereign AI w/ Alex Gladstein and Justin Moon (Tech Podcast)
18 februari 2026 · 1 uur 5 min
Alex Gladstein and Justin Moon break down the fundamentals of large language models and explore the rise of OpenClaw as a self-sovereign AI assistant. Lees meer
Justin explains context engineering, local inference, and vibe coding, while Alex dives into the AI for Individual Rights program and its mission to empower activists.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:12 - What Large Language Models (LLMs) are and how they differ from traditional programs
00:05:15 - Why AI feels like magic—and what’s really happening under the hood
00:06:01 - The key differences between open and closed AI models
00:06:50 - Why capital structures influence AI model openness
00:09:09 - How persistent memory enhances AI agent performance
00:12:18 - What inference means and why context is a scarce resource
00:19:32 - How AI agents combine traditional software with LLM reasoning
00:21:10 - The evolution from MCP-style systems to skills-based context engineering
00:25:41 - What “vibe coding” is and how it lowers the barrier to building apps
00:44:07 - How the AI for Individual Rights program supports activist-driven innovationDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Oslo Freedom Forum: Website.
Justin: Nostr account.
Related episode: Is AGI Here? Clawdbot, Local AI Agent Swarms w/ Pablo Fernandez & Trey Sellers.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | …
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TIP792: Vital Lessons From History’s Strangest Financial Stories w/ Kyle Grieve
15 februari 2026 · 1 uur 8 min
Kyle Grieve discusses how a series of unforgettable real-world stories reveal the hidden psychological traps that derail investors. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:03:07 - How Ronaldo’s Coke incident reveals the danger of false cause and effect
00:07:44 - Why patience in investing can beat the urge to stay busy
00:09:21 - How Muhammad Ali showed the power of waiting for the perfect moment
00:12:54 - Why Bobby Bonilla’s contract exposes the time value of money
00:16:02 - How the Madoff scandal proves great results can hide massive fraud
00:22:09 - Why Isaac Newton’s failure reveals how FOMO traps even the smartest minds
00:27:17 - How Hetty Green shows the strength of buying value when others won’t
00:36:23 - What the long SPAC history warns us about hype repeating through time
00:47:33 - How relying on autopilot in markets can quietly lead you into danger
00:52:06 - Why inflation acts like a silent force pushing your spending power backward
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Read Trailblazers, Heroes, & Crooks: Stories to Make You a Smarter Investor here.
Follow Kyle on Twitter and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TIP791: Best Quality Stock Idea Q1 2026 w/ Clay Finck
13 februari 2026 · 1 uur 1 min
Clay breaks down his best quality stock idea for Q1 2026: Visa. Lees meer
Visa is a global payments network that operates as a toll booth on commerce. Visa is one of the most durable and capital-light business models in the world.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:48 - How Visa fits into Dev Kantesaria’s investing strategy
00:08:55 - The history of how Visa became the giant, ubiquitous network we all know of today
00:12:21 - Visa’s role as an information network that avoids all card issuance and lending risk
00:25:08 - A side-by-side comparison of Visa versus its primary competitors, Mastercard and American Express
00:29:40 - The future of the $200 trillion dollar "New Flows" market and the rise of AI-driven agentic commerce
00:34:41 - An analysis of Visa’s pristine financial profile, featuring 60% operating margins and low capital intensity
00:46:54 - A look at valuation level, the primary risks, and 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
The Intrinsic Value Podcast’s episode on Visa.
Related Episode TIP768: Best Quality Idea Q4 2025.
Related Episode TIP745: Best Quality Idea Q3 2025.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value New…
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BTC259: Bitcoin & Theoretical Physics w/ Jeff Booth, Jack & Nick (Bitcoin Podcast)
11 februari 2026 · 1 uur 16 min
Jeff Booth, Jack, and Nick explore a year-long paper linking Bitcoin to fundamental physics, framing Bitcoin blocks as discrete, quantized units of time. They connect concepts from quantum mechanics and entropy to Bitcoin’s design, argue that its finite, discrete structure may be incompatible with quantum computing threats, and close with plans to experimentally test a Bitcoin miner’s interaction with zero-point energy in a physics lab in Chamonix. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:46 - Bitcoin blocks as quantized units of time challenging the continuous-time assumption in modern physics
00:07:26 - The self-referential problem of time in physics and why time cannot be tested outside of itself
00:13:34 - Parallels between Bitcoin’s mempool and quantum superposition as pre-measurement potential states
00:14:43 - How Bitcoin’s UTXO model separates measurement from observation in a way physics cannot
00:31:13 - Bridging Boltzmann entropy and Shannon entropy through Bitcoin’s finite state space and mining process
00:37:47 - Bitcoin’s 21 million supply cap as a physical boundary analogous to Planck temperature
00:42:26 - Why Bitcoin’s discrete time model may be fundamentally incompatible with quantum computing attacks
01:02:32 - Plans to test a Bitcoin miner’s interaction with zero-point energy at a physics lab in Chamonix
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Jack and Nick's paper: Bitcoin - The Architecture of Time.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter)…
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TIP790: Wealth Beyond Money w/ Thomas Mueller-Borja
8 februari 2026 · 1 uur 20 min
In this episode, Stig Brodersen speaks with Thomas Mueller-Borja, the Global Co-Head of Real Estate and Global CIO for Value-Add Real Estate at BlackRock. They explore how great investors define games they can win, balance ambition with contentment, and build high-quality relationships. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:22 - What happens when BlackRock raises and deploys billions of dollars
00:29:31 - How the public debt situation across the developed world may influence your investment framework
00:46:47 - How to build high-quality relationships
01:04:03 - How to define and win the right games
01:10:11 - How to balance honesty and kindness
01:17:17 - Frameworks for choosing the bigger lifeDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Guy Spier’s interview with Thomas Borja-Mueller.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter)…
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TIP789: The Story of Uber w/ Clay Finck
6 februari 2026 · 1 uur 16 min
In this episode, Clay tells the story of Uber. Uber started as a simple idea, and evolved into one of the most disruptive companies of the modern era. Drawing from Brad Stone’s The Upstarts, the episode explores Uber’s early days, its global expansion, and the never-ending battles with regulators, competitors, and the taxi industry. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:42 - How Uber went from a simple idea in San Francisco to a global transportation platform in under a decade
00:03:58 - Why the taxi industry was ripe for disruption and how regulation shaped Uber’s early strategy
00:31:08 - The role venture capital, aggressive expansion, and competition played in Uber’s rise
00:39:41 - How network effects, data, and dynamic pricing powered Uber’s growth flywheel
01:00:42 - How Uber’s business model and moat evolved over time
01:15:54 - Why leadership style and company culture became both a strength and a liability as Uber scaledDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Brad Stone’s book: The Upstarts.
Stig Brodersen’s Uber pitch.
Shawn O’Malley’s Uber pitch.
Bill Ackman’s 2024 Annual Letter.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TECH014: Is AGI Here? Clawdbot, Local AI Agent Swarms w/ Pablo Fernandez & Trey Sellers (Tech Podcast)
4 februari 2026 · 1 uur 10 min
Preston, Trey, and Pablo unpack the evolution of AI from agentic capabilities and decentralized systems to practical open-source tools like Clawdbot. Lees meer
They examine AI’s potential, security risks, personalized workflows, and its societal impact. With candid stories and real use cases, this episode offers a rare look into AI's current frontier and what lies ahead.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:06:11 - What agentic AI is and how it differs from traditional chatbots
00:07:27 - Why decentralization matters in AI development
00:10:06 - How open-source AI models like Clawdbot enable innovation
00:10:32 - How running AI locally differs from cloud-based models in security and control
00:11:19 - How persistent memory impacts AI behavior and risk
00:12:39 - Ways AI agents collaborate like teams in an organization
00:14:08 - The role of sovereignty and privacy in AI communications
00:15:42 - How Trey and Pablo initialize and manage specialized AI agents
00:17:15 - The risks of AI with access to personal data and how to mitigate them
00:23:09 - The potential of AI to innovate beyond human expectations
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Pablo on Nostr.
Trey's newsletter and podcast: Fire BTC.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out o…
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TIP788: Simple Investing w/ David Fagan
1 februari 2026 · 1 uur 7 min
Stig Brodersen speaks with David Fagan about the case for indexing and what most investors get wrong about performance, financial advisors, and risk. They explore why missing a few percentage points can delay retirement by years, how to think about rebalancing, and what it truly means to be the overseer of your investments. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:01:57 - Why indexing works for almost everyone
00:12:49 - How to properly evaluate investment performance
00:24:58 - How to think about asset allocation and rebalancing using a simple, behaviorally sound framework
00:33:42 - What it really means to be the overseer of your investments, even if you outsource management
00:36:21 - Why missing just a few percentage points in returns can cost you years of your life
00:36:42 - Why missing 3% return means having to work another 6–7 years instead of retiring
00:44:13 - How to use expectations in the best possible way
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Listen to our interview with David Fagan about investing like a business owner.
Listen to our interview with David Fagan about Buffett’s favorite business book.
Stig’s blog post on his portfolio and track record since 2014.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, …
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TIP787: The 5 Types Of Wealth w/ Kyle Grieve
30 januari 2026 · 1 uur 8 min
Kyle Grieve discusses a refreshingly different take on wealth inspired by The Five Types of Wealth by Sahil Bloom. Rather than focusing solely on money, the conversation explores a more holistic framework that includes time, relationships, health, purpose, and financial independence. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:15 - Why you should reframe wealth beyond asset accumulation
00:04:33 - How wealth is built during life, not after reaching a destination
00:04:49 - The five types of wealth and how they shape a fulfilling life
00:07:02 - How defining personal identity clarifies long-term decisions
00:07:57 - Why goals and anti-goals protect success and relationships
00:10:40 - How time wealth depends on awareness, attention, and control
00:17:45 - Why relationships are the strongest predictor of happiness and health
00:36:01 - How curiosity and purpose can drive mental wealth
00:51:27 - Why physical wealth is easy to overlook
00:57:00 - How defining enough creates financial wealthDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy The Five Types of Wealth here.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TECH013: Monthly Tech Round-up - Davos WEF, Claude Cowork, Macrohard, w/ Seb Bunney (Tech Podcast)
28 januari 2026 · 1 uur 8 min
Seb and Preston explore the rapid evolution of AI, its role in reshaping work, communication, and biology. They discuss tools like Claude Co-Work, delve into the implications of AI relationships, blockchain integration, and breakthroughs in longevity science. With insights from personal experiments and global trends, they paint a vivid picture of the AI-powered future. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:58 - What Elon Musk and tech leaders are saying about AI and the future
00:04:33 - Why time feels like it’s accelerating in today’s tech-driven society
00:05:09 - How AI tools like CoWork outperform others in coding and organization tasks
00:16:15 - How note-taking AI is transforming productivity and book writing
00:17:36 - How AI could power one-person billion-dollar startups
00:18:19 - The significance of Claude’s ethical framework in guiding AI decisions
00:19:27 - The ethical concerns of forming relationships with AI
00:37:03 - How energy-efficient communication protocols can reshape AI infrastructure
00:45:26 - Why legal recognition is essential for real blockchain-based equities
00:54:36 - How stem cell therapies may move medicine toward curing rather than managing disease
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Official Website: Seb Bunney.
Seb’s book: The Hidden Cost of Money.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
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RWH065: Joyful Excellence w/ Brad Stulberg
25 januari 2026 · 1 uur 39 min
William Green welcomes back bestselling author Brad Stulberg to chat about his new book, The Way of Excellence: A Guide to True Greatness & Deep Satisfaction in a Chaotic World. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:27 - How Brad Stulberg became obsessed with the pursuit of excellence
00:18:49 - Why excellence requires a combination of guts & vulnerability
00:22:51 - How “algorithmic mass distraction” blocks us from a life of excellence
00:30:10 - Why the best performers lead lives that often look mundane & boring
00:38:00 - How to identify your core values & align your career with them
00:42:22 - How we drive ourselves crazy pursuing the illusion of balance
00:53:18 - Why periods of rest & renewal are integral to success & creativity
01:07:30 - Why the key to greatness is consistency—especially on bad days
01:13:43 - Why excelling at hard things requires “fierce self-kindness”
01:21:19 - How Brad structures his daily, weekly & monthly routines
01:25:33 - What he’s learned about deep work from his friend Cal Newport
01:28:51 - How to create a physical environment that supports good habits
01:37:36 - How to work with intensity & joy & to become a “humble badass”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, Kyle, and the other community members.
Inquire about William Green’s Richer, Wiser, Happier Masterclass.
Brad’s website.
Brad’s podcast.
Brad's The Way of Excellence.
Brad's Master of Change & The Practice of Groundedness.
Robert Pirsig's Zen & the Art of Motorcycle Maintenance, Lila & On Quality.
Cal Newport's Deep Work.
George Saunders' Lincoln in the Bardo.
William Green’s previous podcast with Brad Stulberg.
William Green’s book, Richer, Wiser, Happier.
Follo…
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TIP786: Zero to One by Peter Thiel
23 januari 2026 · 58 min
In this episode, Clay explores Zero to One by Peter Thiel, a foundational book on innovation, monopolies, and what it truly takes to build an enduring business.
Thiel challenges the idea that progress comes from incremental improvement, arguing instead that the greatest companies are created by going from zero to one, building something entirely new and escaping competition altogether. Lees meerIN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:18- What it means for a company to go from zero to one and why true innovation creates outsized value
00:11:35 - Why competition often destroys profits, while monopolies enable long-term value creation
00:13:04 - How to distinguish between creating value and capturing value as an investor
00:15:27 - The key characteristics that allow businesses to build and sustain monopolies
00:38:30 - Why small, focused markets are often the best starting point for building dominant companies
00:54:01 - How Peter Thiel’s framework applies to modern businesses like UberDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Peter Thiel’s book: Zero to One.
Stig Brodersen’s Uber pitch.
Shawn O’Malley’s Uber pitch.
Bill Ackman’s 2024 Annual Letter.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, …
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BTC258: Clarity Act, Bitcoin AI Education, and Payments w/ Parker Lewis (Bitcoin Podcast)
21 januari 2026 · 1 uur 1 min
Parker and Preston explore the implications of the Clarity Act on Bitcoin's legal protections and public understanding. They examine how AI could both distract from and inform Bitcoin adoption, unpack the foundational economic value of Bitcoin, and delve into the "ribeye index" as a real-world inflation measure. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:19 – Why the Clarity Act may pose risks to Bitcoin developers and self-custody
00:08:21 – How Texas is strategically investing in Bitcoin
00:13:26 – How AI could both mislead and inform the public on Bitcoin
00:21:43 – The economic interplay between AI and Bitcoin energy consumption
00:24:49 – Three core reasons behind Bitcoin’s long-term opportunity
00:29:56 – Why Bitcoin’s success is viewed as binary and what that means
00:35:16 – What the "ribeye index" reveals about real inflation
00:39:52 – Why understanding Bitcoin is crucial to protecting against hyperinflation
00:40:35 – The relationship between changing health perceptions and financial awakening
00:51:10 – How accepting Bitcoin as payment reflects deeper conviction in its valueDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Parker’s book: Gradually, Then Suddenly.
Bitcoin is the Greatest Asymmetry.
Zaprite.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok…
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TIP785: My Reflections on Money, Life, and Happiness w/ Stig Brodersen
18 januari 2026 · 59 min
In this episode, Stig Brodersen shares personal reflections on money, life, and happiness. He explores how money magnifies who we already are, why lifestyle creep can quietly erode happiness, and how growing wealth may change relationships. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:13 - Why money magnifies who you are
00:02:42 - How to think about lifestyle creeps and incremental happiness
00:10:02 - Why you shouldn’t try to change others
00:14:47 - Why you should be around people who play cricket
00:22:58 - Why you can have anything but not everything
00:27:29 - Why you should lean into your unfair advantage
00:32:12 - Some welcome and uncoming surprises of wealth
00:50:25 - Why you should be usefulDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Stig’s blog post on his portfolio and track record since 2014.
Stig’s podcast episode on his journey into financial independence.
Stig’s podcast episode on his advice to his 20-year old self.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official …
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TIP784: History's Biggest Market Bubbles w/ Clay Finck
16 januari 2026 · 1 uur 2 min
In this episode, Clay reviews Devil Take the Hindmost by Edward Chancellor and explores three of the most infamous market bubbles in financial history: the South Sea Bubble of 1720, the Railway Mania of 1845, and Japan’s asset bubble of the late 1980s. Lees meer
These case studies examine how greed, leverage, speculation, and misplaced faith in government or institutions repeatedly led investors to abandon fundamentals.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:59 - Why financial bubbles repeat throughout history despite changing technologies and markets
00:03:14 - The key psychological forces that drive speculative manias
00:04:47 - How speculation differs from long-term investing, and where the line often gets crossed
00:25:25 - The role governments, institutions, and incentives play in fueling bubbles
00:34:35 - Why leverage amplifies both gains and losses during periods of extreme speculation
01:03:44 - Key lessons from history’s biggest bubbles
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Edward Chancellor’s book: Devil Take the Hindmost.
Related Episode TIP729: Mastering the Capital Cycle w/ Clay Finck.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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BTC257: Bitcoin Mastermind Q1 2026 w/ Jeff Ross, Joe Carlasare, and American HODL (Bitcoin Podcast)
14 januari 2026 · 1 uur 21 min
The Bitcoin mastermind group explores geopolitical tensions, including a potential U.S. response to Taiwan's defense and Venezuela’s strategic oil reserves. They analyze the revolutionary impact of AI on economic models, employment, and national security, while diving into crypto regulation, Bitcoin predictions, and market dynamics. A mix of serious insights and entertaining AI-generated music rounds out the session. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:00:03 - Why the Venezuela raid could signify a new global power alignment
00:00:20 - The debate on whether the U.S. would defend Taiwan from a Chinese invasion
00:05:02 - Strategic importance of semiconductors in global power dynamics
00:17:58 - Elon Musk’s prediction about deflation and AI-driven economies
00:32:04 - Insights from Microsoft’s AI Economy Institute on global AI adoption
00:37:10 - How AI could disrupt white-collar work and content credibility
00:41:03 - Forecasts on Bitcoin’s price trajectory through 2026
00:44:07 - The Clarity Act’s potential impact on stablecoins and crypto markets
00:53:39 - How treasury yields, Powell investigations, and Bitcoin interconnect
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Related Episode: Bitcoin Mastermind Q3 2025.
Related Episode: Bitcoin Mastermind Q2 2025.
American Hodl on Nostr.
Jeff Ross on Nostr.
Joe Carlasare on X (Twitter), Nostr.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | …
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TIP783: What the Market Missed: Prem Watsa and One of the Greatest Records in Business w/ Kyle Grieve
11 januari 2026 · 1 uur 8 min
Kyle Grieve breaks down how Prem Watsa and Fairfax Financial compounded for decades through disciplined value investing, insurance float, and resilient capital allocation. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 – Intro00:03:29 – How Prem Watsa accidentally found investing and never looked back
00:07:48 – Why insurance float became Fairfax’s secret compounding weapon
00:09:43 – The exact thinking that shaped Fairfax’s long-term value discipline
00:10:02 – How Fairfax set bold targets and held itself publicly accountable
00:13:27 – Why cheap businesses taught painful but critical quality lessons
00:23:53 – How downturns and mistakes strengthened Fairfax’s balance sheet mindset
00:18:18 – What the short seller siege revealed about culture and conviction
00:24:47 – How crisis hedging created survival capital and massive opportunity
00:28:46 – Why overprotection hurt returns and forced strategic humility
00:37:25 – How culture decentralization and capital allocation became Fairfax’s moat
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy The Fairfax Way here.
Listen to TIP772, How Great Compounders Turn Time Into A Superpower here.
Follow Kyle on Twitter and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter…
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TIP782: The Search for Mispriced Stocks w/ Clay Finck
9 januari 2026 · 1 uur 2 min
In this episode, Clay reviews the book Hidden Investment Treasures by Daniel Gladiš and explores how the rise of passive investing has created growing inefficiencies in today’s market. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:37 - How the rise of passive investing has weakened the price discovery process
00:07:38 - Why price and value often diverge in overlooked parts of the market
00:15:37 - Why today’s market environment may be especially favorable for disciplined value investors
00:23:53 - Why paying the right price matters more than forecasting short-term market movements
00:29:43 - How capital allocation, balance sheet strength, and management quality reduce investment risk over time
00:59:33 - Key lessons from real-world case studies, including Markel, NVR, Japanese equities, and banksDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Daniel Gladiš’s book: Hidden Investment Treasures.
Learn more about Gladiš’s firm: The Vltava Fund.
Check out the Made in Japan Substack.
Related Episode TIP758: Current Market Conditions & Investment Opportunities w/ Derek Pilecki.
Follow Clay on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our …
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TECH012: Monthly Tech Roundup – Data Centers in Space, AI5 Chip, Tesla vs. Waymo w/ Seb Bunney (Tech Podcast)
7 januari 2026 · 1 uur 10 min
Preston and Seb unpack AI’s implications for safety, governance, and economics. They debate AGI risks, corporate centralization, Bitcoin's regulatory role, and Elon Musk’s ventures in space and autonomous tech. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:37 - Why AI safety and autonomy are increasingly at odds00:11:30 - How AGI could reshape governance and policy-making00:07:40 - Preston’s skepticism about AI self-preservation claims00:15:18 - The unintended consequences of AI regulation00:22:15 - How Bitcoin could hold corporations accountable00:20:10 - The dangers of centralizing economic power via AI00:34:45 - Why generalist thinking matters in a post-pandemic world00:37:20 - The role of curiosity and deep reading in future-proofing00:41:59 - How SpaceX is redefining launch economics with reusable rockets00:57:41 - The hidden potential of Tesla’s AI chips and compute powerDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Clip 1: AI Expert: We Have 2 Years Before Everything Changes! We Need To Start Protesting! with Tristan Harris.
Clip 2: Marc Andreessen explains the future belongs to generalists in the AI era.
Clip 3: Elon Musk on the Future of SpaceX & Mars.
Official Website: Seb Bunney.
Seb’s book: The Hidden Cost of Money.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our …
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TIP781: My Portfolio & Current Market Conditions w/ Clay Finck & Stig Brodersen
4 januari 2026 · 1 uur 27 min
In this episode, Stig Brodersen sits down with Clay Finck to reflect on Clay’s portfolio decisions, investment philosophy, and personal evolution as an investor. Clay walks through the rationale behind recent additions to his portfolio, how his thinking on valuation versus quality has matured, and why he increasingly prioritizes businesses led by exceptional operators with long runways for compounding. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:01:48 - Which stocks Clay added to his portfolio in 2025
00:03:10 - How “sidecar investing” with exceptional founder-operators shapes Clay’s portfolio
00:19:34 - How short-term market narratives can diverge from changes in intrinsic value
00:26:24 - How Clay approaches position sizing, opportunity cost, and staying invested
00:14:27 - Why geography, currency risk, and capital flows matter in global investing
00:41:52 - How value investing principles influence Clay’s views on money, career, and happiness
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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Clay Finck’s investment philosophy.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs…
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TIP780: Top Stocks for 2026 w/ Shawn O'Malley, Daniel Mahncke, & Clay Finck
2 januari 2026 · 1 uur 33 min
Clay is joined by Shawn O’Malley and Daniel Mahncke to share their top stock ideas for 2026. Shawn is pitching Exor N.V. ($EXO), Daniel is pitching Mercado Libre ($MELI), and Clay is pitching Meta ($META). Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:40 - Why Shawn is bullish on Exor NV
00:04:58 - Why Exor trades at a 60% discount to net asset value
00:11:22 - An assessment of Exor’s management team
00:39:57 - Why Daniel is bullish on Mercado Libre
00:49:49 - An overview of the competitive landscape for MELI
01:08:57 - Why Clay is bullish on MetaDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Check out The Intrinsic Value Podcast.
Check out The Intrinsic Value Newsletter.
Check out The Intrinsic Value Community.
Related Episode: TIVP050: Portfolio Review: Performance & New Positions.
Follow Clay on LinkedIn & X.
Follow Shawn on LinkedIn & X.
Follow Daniel on LinkedIn & X.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter)…
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TECH011: The History of AI and Chatbots w/ Dr. Richard Wallace (Tech Podcast)
31 december 2025 · 48 min
Dr. Richard Wallace, creator of ALICE and AIML, shares his journey from 1990s chatbot innovation to today’s AI frontiers. Lees meer
He and Preston also explore AI’s learning methods, human vs machine intelligence, and the evolving role of creativity in artificial minds.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:02:46 - How a 1990 New York Times article inspired Richard Wallace’s AI journey
00:03:42 - What made the ALICE chatbot revolutionary in its time
00:07:20 - The principles behind minimalist robotics and their influence on AI
00:12:00 - How AIML works and why it was crucial to early chatbot success
00:16:30 - The contrast between supervised and unsupervised learning methods
00:17:20 - Why LLM decision-making processes remain hard to interpret
00:20:33 - How humans and chatbots use language in surprisingly robotic ways
00:24:43 - The philosophical roots of the Turing Test and its modern critiques
00:40:19 - Insights on combining symbolic and neural approaches in AI today
00:41:18 - What Wallace is working on now at Franz in medical AI predictions
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
The platform behind ALICE: Pandorabots.com.
Website: Franz.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episode…
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TIP779: Richer, Wiser, Happier Q4 2025 w/ Stig Brodersen & William Green
28 december 2025 · 2 uur 15 min
Each quarter, Stig Brodersen sits down with his friend and co-host William Green, author of Richer, Wiser, Happier. Together, they explore the ideas, stories, and timeless principles from the power of the subconscious mind to the universal human longing for appreciation, love, and meaning. This conversation invites you to slow down, reflect, and reconnect with what matters most. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:05:49 - How to tap into your subconscious mind through a flow state
00:17:12 - How and why Arnold Van Den Berg hypnotized William to prime him for success
00:52:33 - How to show gratitude in a world full of confusion and anger
01:12:08 - Whether we all want the same things in life, including respect, appreciation, love, and independence
01:36:51 - Why you should treat adversity as a gift to behave wellDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
William Green’s book Richer, Wiser, Happier.
William’s episode with Arnold Van Den Berg about how to thrive no matter what.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Follow our official social media accounts: …
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TIP778: How My Thinking About Investing Evolved in 2025 w/ Kyle Grieve
26 december 2025 · 1 uur 3 min
Kyle discusses the most important investing lessons he learned in 2025. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:01 - Why “strong convictions, weakly held” is one of the most powerful default frameworks
00:09:05 - Why customer loyalty is an underappreciated signal of long-term business quality
00:13:42 - Sleuthing a business
00:17:15 - Why reflecting on your own emotions is essential
00:23:35 - Why intelligent investing always involves incomplete information
00:31:17 - Intentional inactivity
00:37:09 - How understanding company culture helps identify true long-term compounders
00:42:25 - Why founders matter
00:53:56 - Focusing on fragility and downside risk
00:59:01 - Why incentive structures are one of the most critical drivers of business performanceDisclaimer: 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, Kyle, and the other community members.
Learn how to join us in Omaha for the Berkshire meeting here.
Buy The Compounders.
Listen to MI310: A Serial Acquirer Deep Dive.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Follow our official social media accounts: X | …