The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
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TECH010: The Real Robotics Timeline w/ Ken Goldberg (Tech Podcast)
24 december 2025 · 58 min
Ken and Preston examine whether robotics has lost its way, echoing Rodney Brooks’ concerns. They dissect the gap between AI language models and physical robotics, focusing on dexterous manipulation, tactile sensing, and visual feedback. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro00:02:37 - Why Ken agrees that robotics may have “lost its way”
00:03:37 - The critical gap between AI language skills and robotic manipulation
00:04:33 - How robot mobility is advancing, but dexterity still lags
00:08:15 - Why tying shoelaces is still too complex for robots
00:12:37 - The role of tactile sensing vs. vision in robotic surgery
00:14:45 - How camera placement in robotic hands affects manipulation
00:20:18 - Why the robot data gap could be 100,000 years behind language models
00:25:13 - Why simpler grippers often outperform human-like robotic hands
00:27:03 - The engineering behind Dex-Net and Ambi Robotics’ success
00:34:37 - How real-world testing exposed unexpected robotic limitations
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Official website: Ken Goldberg.
Website mentioned: Ambi Robotics.
Research Article: Dex-Net in Science Robotics January 2019.
Executive Education profile: Prof. Ken Goldberg.
Ken Goldberg interview by Kara Manke: Are We Truly on the Verge of the Humanoid Robot Revolution?
Goldberg on Moravec's Paradox.
Goldberg on AI and Creativity.
TEDx Talk: "Robots: What's Taking So Long?"
Op-Ed by Ken Goldberg, Boston Globe: Let's Give AI a Chance.
Research Papers are available for download.
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: …
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RWH064: A Soulful Path To Stellar Returns w/ Nima Shayegh
21 december 2025 · 2 uur
William Green talks with Nima Shayegh of Rumi Partners about Lou Simpson’s investing wisdom and the power of ignoring noise to achieve outstanding returns. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:06:41 - How Nima Shayegh came to see investing as the ultimate intellectual adventure.
00:10:31 - Why investors must go beyond numbers to grasp deep truths about businesses.
00:16:56 - What riding in a Tesla taught him about the awesome experience of quality.
00:21:05 - Why investors should harness intuition & emotions but avoid ego.
00:36:31 - How to succeed by owning resilient businesses & ignoring macro forecasts.
00:39:26 - What qualities made Nima’s mentor, Lou Simpson, an investing legend.
00:49:27 - How Lou taught Nima to avoid noise, distractions & the lure of a flashy office.
00:59:03 - Why Nima’s portfolio is dominated by stocks like AppFolio & Brookfield.
01:13:08 - What he learned from having dinner with Charlie Munger.
01:30:26 - Why we should surrender to uncertainty & should welcome volatility.
01:39:55 - What investors can learn from surfers about the value of self-reliance.
01:41:35 - Why he named his investment firm after a 13th-century Sufi mystic.
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.
Read Concentrated Investing by Allen Benello, Michael van Biema, Tobias Carlisle.
Read Small is Beautiful & A Guide for the Perplexed by E.F. Schumacher.
Read Jalal ad-Din Muhammad ar-Rumi’s book, The Ultimate Rumi Collection.
Check out William Finnegan’s book Barbarian Days.
Check out William Green’s book, Richer, Wiser, Happier.
Follow William Green on X…
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TIP777: The 1999 Dot-Com Bubble w/ Clay Finck
19 december 2025 · 1 uur 10 min
In this episode, Clay explores the dot-com boom and bust through Roger Lowenstein’s book, Origins of the Crash. The book unpacks how distorted incentives, financial engineering, and speculative excess reshaped markets. By studying this period in market history, investors can better recognize recurring patterns in behavior, incentives, and speculation, and apply those lessons to avoid future manias. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:33 - Why stock options often misalign executives and long-term shareholders
00:08:51 - How financial engineering was abused in the 1990s market boom
00:12:45 - How distorted incentives fueled the dot-com bubble
00:27:51 - Why revolutionary technologies don’t guarantee successful investments
00:31:47 - The role Wall Street analysts and the media played in amplifying speculation
00:39:19 - How Enron’s deception exposed systemic failures in governance and oversight
01:11:34 - Clay’s lessons for avoiding hype-driven bubbles in the futureDisclaimer: 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.
Roger Lowenstein’s book: Origins of the Crash.
Mentioned Episode TIP693: The Power Law: Unlocking Venture Capital's Secrets w/ Clay Finck.
Follow Clay 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…
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TECH009: Data Centers in Space, AI Education, Haptic Touch Robotics and More w/ Seb Bunney
17 december 2025 · 1 uur 9 min
This episode explores the intersection of AI with healthcare, space innovation, and education. Preston and Seb discuss personalized genetic analysis, Google's space data centers, haptic touch tech, and the future of simulated realities. Lees meer
They also touch on AI bias, regulation, and how evolving tech might reshape society, purpose, and connection.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:05:20 - How genetic data is used to create custom supplement plans
00:07:21 - The role of AI in interpreting genetic information
00:16:21 - Why Google's space-based data centers could revolutionize computing
00:19:55 - Technical challenges of Bitcoin mining in orbit
00:24:17 - The implications of space debris and Kessler Syndrome
00:26:11 - How AI is personalizing education through initiatives like "Learn Your Way"
00:30:35 - Pros and cons of VR and humanoid robots in classrooms
00:38:45 - Ethical concerns around AI bias and centralization of regulation
00:54:37 - Advances in haptic touch technology for VR and robotics
00:50:12 - Philosophical questions about simulations, reality, and technology’s impact on society
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Seb’s book: The Hidden Cost of Money.
X Account: Seb Bunney.
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.
Brows…
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RWH063: Avoid Disaster w/ Howard Marks
14 december 2025 · 1 uur 20 min
In this episode, William Green chats with multibillionaire investor Howard Marks, the co-founder & co-Chairman of Oaktree Capital Management. Since its launch 30 years ago, the firm has grown into a global powerhouse in alternative investments, with $218 billion in assets. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:01 - Why Howard Marks aims for “steady excellence,” not shooting the lights out.
00:05:59 - What investors should learn from great (& not-so-great) tennis players.
00:13:13 - How to figure out the right “risk posture” for your investment portfolio.
00:20:12 - How he managed to pull off 5 major market calls in the course of his career.
00:33:24 - What makes Bruce Karsh, his long-time partner, a superb investor.
00:36:52 - How specialization can give you a powerful edge.
00:57:53 - How today’s investment environment resembles the dotcom bubble.
00:54:21 - Why Howard expects most AI companies to “end up worthless.”
00:58:55 - Why he’s deeply wary of investing in Bitcoin & gold.
01:10:46 - Why bonds now strike him as a relatively attractive investment.
01:20:05 - How he reached the pinnacle without sacrificing family, friends or hobbies.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.
The Complete Collection of Howard Marks’ Memos.
Howard Marks’ book The Most Important Thing Illuminated.
Howard Marks’ book Mastering the Market Cycle.
Charlie Ellis's book Winning the Loser’s Game.
David Swensen's Pioneering Portfolio Management.
Edward Chancellor's Devil Take the Hindmost.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
Follow Will…
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TIP776: Stig Brodersen’s Mental Models & Portfolio Update
12 december 2025 · 1 uur 22 min
On today’s episode, Clay is joined by Stig Brodersen to discuss the changes he’s made to his portfolio, why he sold out of Evolution AB, and why he’s bullish on Uber. Clay and Stig also discuss the mental models that Stig has picked up this year, and how our listeners can join us at our live events in Omaha during the Berkshire Hathaway shareholders’ weekend. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:05:08 - The mental models that Stig has picked up this year
00:08:47 - Why Stig sold his position in Evolution AB
00:15:50 - Why Stig has continued to add to his new position in Uber
00:43:29 - The bear case for Uber, and what would break his investment thesis
01:04:52 - Stig’s take on the AI race, and where Alphabet fits into the bigger picture
01:25:19 - How our listeners can join us in Omaha during the Berkshire Hathaway shareholders’ weekendDisclaimer: 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 Stig’s letters to We Study Billionaires about his track record.
Mentioned Episode: TIP618: Stig’s Portfolio Performance since 2014.
Mentioned Episode: TIP684: Current Market Conditions & Poor Charlie's Almanack.
Follow Clay on LinkedIn & X.
Follow Stig on 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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BTC256: Bitcoin Market Sentiment and Liquidity Cycles w/ Andy Edstrom (Bitcoin Podcast)
10 december 2025 · 1 uur
Andy and Preston explore the turbulent world of Bitcoin treasury companies, from MicroStrategy’s bold plays to sector-wide risks and poor performance. They dive into Bitcoin-backed stablecoins, valuation models, and adoption barriers. Lees meer
The episode wraps with discussions on energy, AI, and whether Bitcoin's market cycles are evolving toward stability or fresh volatility.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:43 - Why many Bitcoin treasury companies have underperformed or failed
00:03:34 - How MicroStrategy’s debt profile compares to its market cap and cash flow
00:06:59 - The concept of Bitcoin-backed stablecoins and their over-collateralization
00:08:58 - Key solvency risks in stablecoin issuance and Bitcoin securitization
00:14:46 - How valuation frameworks like MNAV apply to Bitcoin treasuries
00:19:26 - Limitations of MicroStrategy stock vs. holding Bitcoin directly
00:26:09 - Why Bitcoin adoption is hindered by complexity and public perception
00:29:18 - Andy’s diversified investment strategy beyond Bitcoin
00:32:45 - How emerging AI and EV technologies intersect with financial trends
00:42:39 - Market cycle insights and predictions for Bitcoin’s future priceDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Andy Edstrom’s Book: Why Buy Bitcoin: Investing Today in the Money of Tomorrow.
X Account: Andy Edstrom.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to 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 | …
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TIP775: Why Your Valuation Metrics Might Be Lying to You w/ Kyle Grieve
7 december 2025 · 1 uur 3 min
Kyle Grieve breaks down Michael Mauboussin’s key insights on combating noise, valuing intangible-rich businesses, using the rule of 40, leveraging checklists and algorithms, understanding base rates, and more. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:00 - How to use the BIN acronym to help you deal with forecasting error
00:14:32 - Four myths in investing (many of which I’ve fallen for)
00:26:15 - Why you must take GAAP numbers on a case-by-case basis due to handicaps of the standard
00:25:07 - How the rise in passive investing is making active investing more challenging
00:33:19 - Why GAAP losers outperform GAAP winners
00:37:14 - Why you should understand the differences between pricing and valuing a business
00:48:39 - Why using assorted multiples will help identify true undervaluations
00:45:50 - How to utilize the rule of 40 in your investing regardless of whether you invest in tech or not
00:49:16 - What to know about the base rates of a public business’s survival
00:58:00 - Why most investments will fail and how to deal with the ones that succeed
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.
Read The Consilient Observer here.
Learn about the BIN framework here.
Dive into the four myths here.
Explore valuation multiples more here
Understand total shareholder returns more here.
Improve your views on business survival 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 thr…
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TIP774: Being Greedy While Others are Fearful w/ Shawn O'Malley
5 december 2025 · 1 uur 30 min
On today’s episode, Clay is joined by Shawn O’Malley to discuss what he’s learned through hosting The Intrinsic Value Podcast over the past year. They also dive into The Intrinsic Value Portfolio, which includes holdings like Uber, Alphabet, Lululemon, Nike, and Adobe. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:42 - How The Intrinsic Value Portfolio has performed this year
00:18:23 - Why a sizable portion of The Intrinsic Value Portfolio is invested in big tech companies
00:28:41 - How Shawn gets comfortable investing in retail companies
00:43:07 - Why Nike is included in The Intrinsic Value Portfolio
00:49:27 - The best opportunities Shawn sees in today’s market
00:58:16 - Why Shawn is bullish on Adobe despite the collapsing stock price
01:17:23 - Shawn’s estimate of the intrinsic value of Adobe
01:24:19 - Shawn’s process for researching stocksDisclaimer: 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.
Check out The Intrinsic Value Podcast.
Check out The Intrinsic Value Newsletter.
Check out The Intrinsic Value Portfolio.
Check out The Intrinsic Value Community.
Mentioned Episode: TIP741: The Intrinsic Value of Uber & Reddit.
Related Episode: TIVP019: Adobe (ADBE): Designing a Creative Empire.
Related Episode: TIVP033: Lululemon (LULU): Still the King of Athleisure?
Follow Clay on LinkedIn & X.
Follow Shawn 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, Th…
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TECH008: Emerging Tech Overview: Driverless Cars, Image Generation, Energy Infrastructure w/ Seb Bunney (Tech Podcast)
3 december 2025 · 1 uur 14 min
Seb and Preston explore Tesla's FSD 14.2 advancements and their implications for AI-driven autonomy. They also tackle the ethical, societal, and infrastructural challenges of rapid AI development—from brain-inspired computing to nuclear energy’s role in supporting AGI. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:44 - How Tesla’s FSD 14.2 dramatically improved its autonomous driving performance
00:13:42 - The ethical dilemmas and liability concerns around AI decision-making
00:20:27 - Tesla’s sensor-only approach versus LiDAR-heavy systems like Waymo
00:27:31- The potential of biologically-inspired artificial neurons
00:30:32 - How brain-computer interfaces could revolutionize AI and prosthetics
00:32:28 - The societal risks of tech-enhanced human capabilities
00:36:26 - How AI image generation tools like Google’s Nano Banana Pro are evolving
00:49:37 - Why AI’s energy demands are influencing nuclear power policy
01:00:06 - The risks of AI-induced content homogenization and “AI slop”
01:07:22 - Why some are turning to manual trades to escape AI disruptionDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Seb’s book: The Hidden Cost of Money.
X Account: Seb Bunney.
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 episodes (complete with transcripts) …
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TIP773: How Systems and Simple Math Shape Better Investing w/ Kyle Grieve
30 november 2025 · 1 uur 5 min
On today’s episode, Kyle Grieve discusses powerful mental models from systems thinking and mathematics and applies them directly to investing and life. He breaks down concepts like feedback loops, kill criteria, scale, compounding, randomness, and regression to the mean to show how they shape real-world outcomes. He'll also share practical frameworks for improving decision-making, managing uncertainty, and positioning your portfolio to benefit from long-term compounding. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:23 - How feedback loops stabilize or reinforce outcomes in investing
00:10:11 - How kill criteria help you make predetermined decisions in a noisy world
00:14:09 - Why the cone of uncertainty is useful for evaluating conviction and position sizing
00:17:33 - How scale changes the behavior, costs, and risks of a growing business
00:25:06 - How algorithms clarify which inputs drive the conclusions you rely on
00:30:20 - How to evaluate a company’s ability to reach critical mass and become self-sustaining
00:35:35 - The hidden forms of compounding that are just as powerful as the visible ones
00:40:02 - Why power laws should influence your portfolio concentration
00:43:12 - How randomness shapes investing outcomes, and how to take advantage of it
00:51:24 - Why regression to the mean matters during periods of strong or weak performance
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.
Buy Thinking in Systems here.
Buy The Great Mental Models Vol 3: Systems and Mathematics here.
Buy Quit here.
Listen to my interview with Annie Duke here.
Follow Kyle on X and LinkedIn.
Related books…
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TIP772: How Great Compounders Turn Time Into a Superpower w/ Kyle Grieve
28 november 2025 · 1 uur 4 min
On today’s episode, Kyle Grieve discusses what makes elite compounders so valuable and why they can generate exceptional returns even when purchased at high valuations. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:42 - Why Compounders deserve to trade at a premium
00:10:13 - The three parameters necessary for successful compounding
00:12:49 - The two approaches for reinvestment that compounders take advantage of
00:14:42 - How compounders create resiliency
00:19:37 - The reasons Sweden has so many successful serial acquirers
00:25:25 - About the two pioneers of Swedish decentralization
00:25:25 - Why Electrolux has created so many great business cultures
00:31:03 - The importance of discipline to successful serial acquirers
00:38:36 - The benefits of working capital KPIs
00:57:54 - The surprising ingredient of compoundersDisclaimer: 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.
Buy The Compounders here.
Listen to MI310 A Serial Acquirer Deep Dive: 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.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter)…
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BTC255: Bitcoin Is For Everyone w/ Natalie Brunell (Bitcoin Podcast)
26 november 2025 · 1 uur
Preston and Natalie discuss her book Bitcoin is for Everyone, a concise, accessible guide to Bitcoin’s relevance in today’s world. They explore Natalie’s personal immigrant story, the financial wake-up call of 2008, and how Bitcoin offers hope amid systemic dysfunction. They also address national vulnerabilities, military planning, and the future of decentralized money. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:04 - How Natalie’s immigrant background shaped her views on money and freedom.
00:08:02 - The 2008 financial crisis as a catalyst for her career and beliefs.
00:11:03 - Why Bitcoin is seen as a corrective to a broken financial system.
00:18:02 - The distinction between true capitalism and socialized losses.
00:23:34 - How to explain Bitcoin’s volatility through systemic flaws.
00:28:09 - Why Bitcoin is for Everyone is a great entry point for Bitcoin beginners.
00:31:56 - How energy use and scarcity are central to Bitcoin’s value.
00:35:50 - Why Bitcoin’s design empowers individuals over institutions.
00:46:49 - The importance of educating future generations on sound money.
00:54:18 - The national security risks tied to financial and industrial offshoring.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Natalie’s new Book: Bitcoin is for Everyone.
Natalie’s Podcast: Coin Stories.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to 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…
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TIP771: Money Masters Of Our Time w/ Kyle Grieve
23 november 2025 · 1 uur 10 min
On today’s episode, Kyle Grieve discusses significant takeaways from the book Money Masters Of Our Time. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:07:58 - Warren Buffett's emphasis on "controlled greed" and "fascination with your craft" and why it's necessary to survive in the market for a lifetime
00:11:14 - How to identify and take advantage of stocks nobody else wants
00:17:48 - Why more research time should be spent finding the truth of things rather than confirming what you already believe to be true
00:24:46 - A simple framework for identifying and holding businesses that compound capital
00:28:29 - The four kinds of events when a quality business can offer attractive entry points to look for
00:43:51 - Strategies to search for opportunities in newly opened markets
00:52:32 - The importance of perspective when taking advice from people who are playing different games than you
00:56:09 - The importance of being reluctant to take profits
01:02:08 - How to utilize metaphors to aid in your investing decision-making
01:12:30 - The strength of using tracking positions to understand potential outperformers betterDisclaimer: 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.
Buy Money Masters of Our Time 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.
Check out our …
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TIP770: Mastering the Markets w/ Andrew Brenton
21 november 2025 · 57 min
On today’s episode, Clay Finck is joined by Andrew Brenton to discuss the inefficiencies in the stock market as well as his investment thesis on Floor & Decor and Kinsale Capital. Lees meer
Andrew Brenton is the CEO and co-founder of Turtle Creek Asset Management. Since its inception in 1998, Turtle Creek has achieved an average annual return of 18.8% versus just 8.7% for the S&P 500. $10,000 invested in their fund at inception would have grown to over $1 million, and had that money been invested in the market, it would have been worth around $95,000.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:28 - Andrew’s thoughts on whether today’s markets are becoming more or less efficient
00:13:08 - How today’s market reminds him of the 1999 tech business
00:16:17 - His investment thesis and intrinsic value estimate of Floor & Decor
00:41:26 - Why Andrew is long Kinsale Capital in the fund
00:57:05 - Andrew’s thoughts on weathering periods of underperformance relative to the broader marketDisclaimer: 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.
Cliff Asness’s paper: The Less-Efficient Market Hypothesis.
Check out Turtle Creek Asset Management.
Related Episode: Listen to TIP592: Outperforming the Market Since 1998 w/ Andrew Brenton, or watch the video.
Related Episode: TIP674: Outperforming the Market, Managing Risk, & Market Inefficiencies w/ Andrew Brenton, or watch the video.
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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BTC254: Bitcoin & Macro Overview w/ Luke Gromen Q4 2025 (Bitcoin Podcast)
19 november 2025 · 1 uur 3 min
Luke and Preston delve into America's financial fragility, exploring Treasury funding risks, shifting global power dynamics, and Fed policy challenges. Lees meer
They discuss the rising relevance of Bitcoin and gold amid liquidity constraints, and how economic missteps, tech sector bottlenecks, and geopolitical shifts may shape the future.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:37 - Why the U.S. faces a multi-pronged "poly crisis" despite strong tax receipts
00:02:20 - How short-term debt issuance is straining financial system liquidity
00:04:02 - Why Japan’s bond and currency trends signal deeper global shifts
00:05:10 - The impact of U.S. shale decline and oil demand on inflation
00:12:18 - How hedge funds are absorbing Treasury debt—and why it matters
00:06:27 - The surprising risk factors in the tech sector like hyperscaler power limits
00:19:31 - The contradiction in U.S. housing policy and mortgage lengths
00:26:06 - Why Bitcoin and gold are diverging in investor appeal
00:49:16 - How global power shifts and sanctions are elevating gold’s role
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
X Account: Luke Gromen.
Newsletter: FFTT.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to 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 episodes (complete with transcripts) here…
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TIP769: How Home Depot’s Founders Built a $300 Billion Company from the Ground Up w/ Kyle Grieve
16 november 2025 · 1 uur 9 min
Kyle Grieve discusses the incredible origin story of Home Depot and the visionary founders who built it from nothing. He explores how Bernie Marcus, Arthur Blank, and Ken Langone overcame countless setbacks to create a retail powerhouse. Kyle also shares timeless business lessons on leadership, culture, and competitive advantage that continue to define Home Depot’s success today. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:06:13 - The setbacks that sparked Home Depot’s creation after Bernie and Arthur were fired
00:09:35 - Why Ken Langone saw Bernie’s firing as a billion-dollar opportunity in disguise
00:12:15 - How a handshake and a Cadillac nearly killed Home Depot’s first funding deal
00:14:51 - The moment Bernie found his “dream store” was already built… by a competitor
00:19:07 - Why J.C. Penney’s struggling subsidiary became the key to Home Depot’s first stores
00:27:05 - How warehouse grit, not polish, became central to Home Depot’s brand identity
00:27:59 - The creative $2 promotion that packed stores and put Home Depot on the map
00:31:06 - The critical lessons from Sears’ fall that shaped Home Depot’s management philosophy
00:35:43 - How Sam Walton’s “everyday low prices” transformed Home Depot’s margins forever
00:52:00 - Four timeless leadership and culture principles that still drive Home Depot’s successDisclaimer: 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.
Buy Built From Scratch here.
Listen to TIP655: Nike: From Humble Beginnings to Global Domination here.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE S…
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TIP768: Best Quality Stock Idea Q4 2025 w/ Clay Finck
14 november 2025 · 1 uur 7 min
On today’s episode, Clay Finck breaks down his best quality stock idea for Q4 2025: Interactive Brokers. Lees meer
Interactive Brokers is a global online brokerage that gives investors access to markets around the world with industry-low costs in trading stocks, options, futures, currencies, and more.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:01 - Why Interactive Brokers could grow from 4 million to 20 million accounts over the next decade
00:14:48 - Thomas Peterffy’s story of building IBKR after immigrating from Hungary
00:18:32 - Why its automation-first culture creates a moat that competitors can’t easily match
00:32:38 - How IBKR earns industry-leading margins
01:00:39 - An overview of their valuation
01:05:20 - The key risks and long-term opportunities investors should monitorDisclaimer: 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.
Collosus’s article on Thomas Peterffy.
Mentioned Episode TIP599: Top Stocks for 2024 w/ Jonathan Boyar.
Related Episode TIP745: Best Quality Idea Q3 2025 w/ Clay Finck.
Related Episode TIP722: Best Quality Idea Q2 2025 w/ Clay Finck & Kyle Grieve.
Related Episode TIP698: Best Quality Idea Q1 2025 w/ Clay Finck & Kyle Grieve.
Related Episode TIP675: Best Quality Idea Q4 2024 w/ Clay Finck & Kyle Grieve.
Related Episode TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve.
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 Newslet…
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BTC253: Quantum Computing and Bitcoin w/ Charles Edwards (Bitcoin Podcast)
12 november 2025 · 54 min
Preston and Charles dive into the fundamentals of quantum computing, its transformative applications, and the looming threat it poses to Bitcoin encryption. Lees meer
They break down the distinction between physical and logical qubits, real-world use cases, and the exponential progress in the field. With timelines tightening, they call for urgent collaboration across the Bitcoin and cryptography communities to prepare for a post-quantum world.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:30 - How quantum computing works, including superposition and entanglement
00:08:54 - The difference between physical and logical qubits—and why it matters
00:04:21 - Key industries already benefiting from quantum applications
00:13:07 - Why quantum computing could break Bitcoin’s encryption within 5 years
00:28:04 - The significance of BIP360 and post-quantum migration strategies
00:20:47 - How China's investment and U.S. executive actions shape the race
00:15:41 - Preston’s skepticism of inflated quantum marketing claims
00:22:14 - How AI might accelerate quantum computing development
00:26:06 - Which Bitcoin addresses are most vulnerable to quantum attacks
00:33:32 - Why collaboration is critical to defending Bitcoin's trust modelDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Slides on Quantum Discussion.
Deck on Quantum Computing.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to 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…
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TIP767: Mastermind Discussion Q4 2025: Sanofi, Remitly & Crocs w/ Stig Brodersen, Tobias Carlisle, and Hari Ramachandra
9 november 2025 · 1 uur 27 min
Stig Brodersen is joined by Tobias Carlisle & Hari Ramachandra for another round of stock pitches. They discuss Sanofi, Remitly, and Crocs. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:54 - Why Hari is bullish on Sanofi’s strong vaccine and immunology pipeline (Ticker: NYSE: SNY)
00:05:30 - The bear case for Sanofi, including patent cliffs
00:19:26 - Why Stig is bullish on Remitly, highlighting operational leverage and a secular shift in digital payments and remittances (Ticker: NASDAQ: RELY)
00:43:10 - The bear case for Remitly, including pursuing the wrong strategy and excessive stock-based compensation
00:50:50 - Why Toby is bullish on Crocs, focusing on valuation and global growth (Ticker: NASDAQ: CROX)
01:02:36 - The bear case for Crocs, including tariffs and changing fashion trends
01:18:08 - Which live events we have planned for our Mastermind Community in 2026 — and how you can join
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
Check out our event in Montana
Join us in Omaha for Berkshire Hathaway’s annual shareholders’ meeting
Tobias Carlisle's book, Soldier of Fortune
Stig Brodersen’s Portfolio and Track record
Listen to Mastermind Discussion Q3 2025 | YouTube video
Listen to Mastermind Discussion Q2 2025 | YouTube video
Listen to Mastermind Discussion Q1 2025 | YouTube video
Listen to Mastermind Discussion Q4 2024 | YouTube video
Listen to Mastermind Discussion Q3 2024 | YouTube video
Listen to Mastermind Discussion Q2 2024 | YouTube video
Listen to Mastermind Discussion Q1 2024 | YouTube video
Tobias Carlisle's podcast, The Acquirers Podcast
Tobias Carlisle's ETF, ZIG
Tobias Carlisle's ETF, Deep
Tweet directly to Tobias Car…
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TIP766: Intelligent Fanatics: How Great Business Leaders Win w/ Clay Finck
7 november 2025 · 1 uur 2 min
In this episode, Clay explores the concept of Intelligent Fanatics. Intelligent Fanatics are visionary leaders who build enduring, high-performance businesses through culture, focus, and integrity. Lees meer
Drawing from Ian Cassel and Sean Iddings’ book Intelligent Fanatics, Clay highlights how exceptional leaders like Herb Kelleher, Les Schwab, and Chester Cadieux created companies that thrived for decades by empowering employees, thinking unconventionally, and maintaining a long-term focus.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:12 - What defines an Intelligent Fanatic and how they build lasting business moats
00:26:10 - The role of incentives in motivating teams and compounding performance
00:43:32 - How exceptional leaders create cultures that empower employees and drive long-term success
00:47:09 - Why culture is the strongest and hardest-to-replicate competitive advantage
00:50:56 - How frugality, integrity, and focus shape world-class organizations
01:01:35 - How Intelligent Fanatics sustain greatness through experimentation and productive paranoiaDisclaimer: 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.
Ian Cassel’s firm: Intelligent Fanatics Capital Management
Related Episode TIP734: My Investment Philosophy w/ Clay Finck.
Related Episode TIP656: Mastering Stock Selection with an Investment Checklist 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 Newslet…
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TECH007: Longevity Roadmap w/ Seb Bunney (Tech Podcast)
5 november 2025 · 1 uur 11 min
In this wide-ranging conversation, Preston and Seb unpack the biology of aging and the emerging science behind longevity. They take about epigenetics, sirtuins, Yamanaka factors, and how AI may accelerate regenerative medicine, offering a glimpse into the future of human health. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:05:04 - Why Aging Might Be a Disease—and What That Changes Scientifically00:07:05 - What Epigenetics Is and How It Affects Cellular Aging00:24:37 - How Yamanaka Factors Can Reset Cells and Potentially Reverse Aging00:35:43 - The Role of Fasting, Cold, and Heat in Triggering Repair Pathways00:30:22 - What NMN and Sirtuins Do in the Body and Their Role in Longevity00:42:26 - How AI Could Simplify and Accelerate Breakthroughs in Aging Science00:48:48 - The Philosophical Trade-Offs of Living Longer Versus Living Better
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Related book: Lifespan: Why We Age―and Why We Don't Have To.
Seb's website: Seb Bunney - The Qi of Self Sovereignty.
Seb’s book: The Hidden Cost of Money.
X Account: Seb Bunney.
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 episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool…
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TIP765: What the World’s Great Philosophers Can Still Teach Us About Wealth and Wisdom w/ Kyle Grieve
2 november 2025 · 1 uur 8 min
On today’s episode, Kyle Grieve discusses how timeless philosophical ideas can deepen our understanding of investing and life. He explores lessons from thinkers such as Spinoza, Nietzsche, Hume, and Pascal to reveal how concepts like persistence, skepticism, and luck shape decision-making. Kyle also connects these ideas to modern investing by drawing on insights from Buffett, Voltaire, and Bruce Lee, showing how adaptability, emotional control, and inner reflection lead to better outcomes. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:18 - How Spinoza’s idea of eternity can guide timeless investing decisions
00:05:36 - The power of persistence and what conatus teaches us about successful businesses
00:07:56 - Why emotional self-mastery may be your greatest investing edge
00:10:19 - What Nietzsche and Buffett reveal about living with integrity in finance and life
00:16:30 - How Hume’s healthy skepticism leads to sharper questions and wiser decisions
00:26:01 - What Voltaire can teach us about challenging the Efficient Market Hypothesis
00:30:11 - How Blaise Pascal’s wild luck swings illuminate the role of chance in investing
00:35:52 - Why William James’s pragmatism can ground abstract financial ideas in reality
00:38:31 - How market simulations and symbols can distort or enhance our understanding
01:07:12 - What Bruce Lee’s Be Water mindset reveals about adaptability in investingDisclaimer: 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.
Buy Ethan’s book The Investment Philosophers here.
Follow Kyle on X and LinkedIn.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
…
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TIP764: The Art of Buffett w/ Tobias Carlisle
31 oktober 2025 · 1 uur 31 min
In this episode, Stig Brodersen speaks with Tobias Carlisle — founder and managing director of Acquirers Funds — about Warren Buffett’s timeless approach to risk. Drawing from Tobias’s new book, Soldier of Fortune, they explore how ancient wisdom, especially from The Art of War, reveals the deeper logic behind Buffett’s biggest and most misunderstood investing decisions. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:03 - Why the deal between General Re and Berkshire Hathaway was a masterstroke
00:16:48 - What the ancient text of the art of war can teach us about today’s financial markets
00:27:28 - Why did Buffett buy BNSF when it’s highly capital-intensive
00:36:28 - Why Apple was – perhaps – the best trade Buffett ever made
00:56:04 - Why Buffett’s investment in Japan is in total alignment with the culture of Berkshire Hathaway
01:12:36 - If Berkshire Hathaway is more or less risky than the S&P 500
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Tobias Carlisle's book, Soldier of Fortune – read reviews of this book.
Tobias Carlisle's podcast, The Acquires Podcast.
Tobias Carlisle's ETF, ZIG.
Tobias Carlisle's ETF, Deep.
Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book.
Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.
Tweet directly to Tobias Carlisle: @Greenbackd.
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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TECH006: Open-Source AI That Protects Your Privacy w/ Mark Suman (Tech Podcast)
29 oktober 2025 · 55 min
Mark Suman, co-founder of Maple AI and OpenSecret, shares his insights on how to build cutting-edge AI without sacrificing user privacy. Lees meer
From secure enclaves and attestation to real-world use cases in law and finance, Mark outlines the technical and ethical foundations of private AI, and why efficient inference, not just open models, is the next big frontier.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:57 - How Mark’s Time at Apple Shaped His Vision for Secure, User-First AI
00:06:06 - Why Verifiable AI Matters for Protecting User Data
00:07:38 - The Privacy Threats of Centralized AI Models
00:15:26 - What Maple AI Does That Other AI Tools Don’t—End-to-End Encrypted, Verifiable Privacy
00:17:30 - The Threat Models Maple Addresses and How Enclaves + Attestation Work
00:19:51 - Why Inference Speed and Efficiency—Not Open Weights—Are the New AI Battleground
00:24:05 - Where Decentralized AI Fits Into Today’s Landscape
00:25:12 - A Step-by-Step Guide to Getting Started with Maple
00:29:13 - How Users Change Behavior When They Trust the AI System
00:32:42 - The Risks and Critiques of TEEs—and How Maple Answers Them
00:37:35 - Which Professions Benefit Most from Private AI
00:45:27 - Mark’s Vision for Verifiable, Private AI Over the Next Decade
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
X Account: Mark Suman.
Website: Maple AI.
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…
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RWH062: Bubble Warning w/ Jim Grant
26 oktober 2025 · 2 uur 7 min
William Green chats with Jim Grant, famed editor of Grant’s Interest Rate Observer. Here, Jim warns that a major market top is forming as exuberance inflates stocks, Bitcoin, and gold. He says it echoes past bubbles and urges extreme caution. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 Intro
00:10:40 Why Jim Grant is fiercely skeptical about Bitcoin.
00:19:25 Why you should be wary of all the hype about Private Equity.
00:35:50 Why Jim expects the AI boom to end in “a panic & a crash.”
00:44:13 Why even the shrewdest speculators never know when it’s time to sell.
00:49:50 What the Federal Reserve is likely to do with interest rates.
00:57:53 Why the dollar seems poised to continue losing value.
01:04:28 Why inflation will persist, fueled by perennial flaws in human nature.
01:09:50 Why Jim loves gold but is starting to worry about its meteoric rise.
01:19:01 Why he owns some bonds, despite his grim prognosis for this asset class.
01:23:39 How bull markets attract sleazy salesmen & bear markets clear them away.
01:25:56 What inspired him to write a new book about two 18th-century heroes.
01:59:34 How studying history helps him appreciate some benefits of modern life.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Inquire about William Green’s Richer, Wiser, Happier Masterclass.
Jim Grant’s website for Grant’s Interest Rate Observer.
Subscribe to Almost Daily Grant’s, a free (almost) daily commentary on financial markets.
Check out Grant’s Current Yield Podcast, which is co-hosted by Jim & his colleague Evan Lorenz.
Emanuel Derman's book, My Life as a Quant.
James Grant's book, Bernard M. Baruch: The Adventures of a Wall Street Legend.
Jim Grant's book, F…
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TIP763: Investing Lessons for My 18-Year-Old Self w/ Clay Finck
24 oktober 2025 · 1 uur 2 min
In this episode, Clay shares the most important investing lessons he wishes he could tell his 18-year-old self. Drawing from more than a decade of experience, he distills twelve timeless principles that every investor should know, from the value of patience and independent thinking to understanding where long-term returns come from. Whether you’re just starting out or refining your approach, this episode offers practical insights to help you build lasting wealth and confidence as an investor. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 Intro
00:02:24 Why the best time to start investing is today
00:07:24 Why it’s possible for individuals to beat the market
00:14:11 How patience gives investors a long-term edge
00:18:12 The importance of focusing on great businesses
00:39:17 How surrounding yourself with like-minded investors can accelerate your growth as an investor
00:51:37 Why understanding investor psychology is essential
01:00:38 The importance of thinking independently and ignoring the market noise
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Related episode TIP738: Heico: The Queit Aerospace Compounder w/ Clay Finck.
Related episode TIP667: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder.
Related episode TIP531: Mark Leonard: The Best Capital Allocator You've Ever Heard of w/ Clay Finck.
Related episode TIP634: Value Investing Fundamentals w/ John Huber.
Related episode TIP746: ASML: Europe's Tech Monopoly w/ Clay Finck.
Related episode TIP734: My Investment Philosophy w/ Clay Finck.
Follow Clay on LinkedIn & X.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed…
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BTC252: Bitcoin Mastermind Q3 2025 w/ Joe Carlasare, Jeff Ross, and American HODL (Bitcoin Podcast)
22 oktober 2025 · 1 uur 24 min
Joe, Jeff, HODL, and Preston break down Q3 2025’s economic trends, market cycles, and BTC's performance. They dive into gold’s rise, AI's impact on capitalism, and the U.S.’s shifting global strategy, with bold Bitcoin price forecasts for 2026. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:01:13 Why market sentiment feels bearish despite a 67% BTC gain
00:07:58 How the S&P 500 vs. gold ratio signals a macroeconomic inflection point
00:10:39 Why Jeff Ross sees gold outperforming stocks into the 2030s
00:28:12 The stalled progress of the Strategic Bitcoin Reserve legislation
00:35:07 Central banks’ gold stockpiling and its effect on markets
00:37:09 How upcoming Fed policy could shape future rate cuts
00:46:58 The complex future of capitalism in an AI-driven economy
00:50:45 Insights into America’s $6-7 trillion infrastructure buildout
00:59:40 Why BTC treasury firms are underperforming while miners surge
01:05:35 2026 BTC price predictions and a playful nod to Peter Schiff
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Related Episode: Bitcoin Mastermind Q1 2025.
Related Episode: Bitcoin Mastermind Q2 2025.
American HODL on Nostr.
Jeff Ross on Nostr.
Joe Carlasare on X (Twitter), Nostr.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to 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 episodes (complete with transcripts) here.
Try our…
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TIP762: 10 Lessons From Investing Legends w/ Kyle Grieve
19 oktober 2025 · 1 uur 1 min
On today’s episode, Kyle Grieve discusses ten investing principles from legends like Warren Buffett, Peter Lynch, and John Neff. Each lesson reveals how these masters built lasting wealth through timeless thinking. It’s a crash course in investing smarter, thinking clearer, and playing the long game. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 Intro
00:03:02 How Buffett’s brutal honesty became a blueprint for lasting success
00:07:22 How to apply Graham’s margin of safety in an intangible world
00:14:11 How Lynch turned everyday observation into powerful investing opportunities
00:24:04 How Fisher gained an edge using alternative information sources
00:27:31 Where Templeton cast his line to find rare opportunities
00:32:18 Why Neff proved a low P/E isn’t real value
00:37:10 How Howard Marks sharpens thinking in uncertain markets
00:41:42 Why Sleep & Zakaria guard their winners to compound wealth
00:53:03 How Pabrai uncovers hidden value
00:59:48 The power of Munger’s win-win mindset, both life and investing
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
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 We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter)…
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TIP761: Tesla Stock Deep Dive w/ Clay Finck
17 oktober 2025 · 1 uur 3 min
In this episode, Clay explores the extraordinary rise of Tesla and how Elon Musk transformed it from a niche electric car startup into one of the most valuable companies in the world. Since its IPO in 2010, Tesla has compounded at an incredible 47% per year and completely reshaped the automotive industry through software-driven vehicles, vertical integration, and their global charging network. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00:00 Intro
00:02:00 How Tesla evolved from a niche EV startup into a trillion-dollar company
00:12:53 Why Elon Musk’s bold leadership and risk tolerance shaped Tesla’s success
00:27:03 How vertical integration and software-driven vehicles give Tesla an edge
00:32:31 How competition from BYD and legacy automakers impacts Tesla’s growth outlook
00:38:27 What Tesla’s Master Plan Part IV reveals about its future in AI and robotics
00:41:08 Why the energy segment and battery innovation could rival the auto business
01:02:28 What investors can learn from Musk’s “capacity to suffer” mindset
01:05:19 Why Tesla’s valuation depends on optionality from Optimus and Robotaxi
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Walter Isaacson’s book: Elon Musk.
Mentioned Episode TIP593: Elon Musk by Walter Isaacson.
Follow Clay 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 Billio…
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TECH005: What Tech Is Doing to Us with Justin Evidon (Tech Podcast)
15 oktober 2025 · 55 min
Preston and Jevi unpack the double-edged sword of modern technology. They examine how social media, AI, EMFs, and LED lights impact our well-being, and offer real-world privacy solutions like Graphene OS and open-source photo apps. Lees meer
From sleep disruption to self-sovereignty, they advocate for mindful tech use and explore how AI can act as a “second brain” while respecting user privacy.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 Intro
00:03:50 How social media algorithms can both help and harm your mental well-being
00:07:56 The benefits of switching to privacy-respecting platforms like Nostr
00:09:32 What self-sovereignty in digital spaces really means
00:12:14 Why being intentional about digital content consumption is crucial
00:12:55 How to use AI and LLMs responsibly as personal information tools
00:18:38 Real-life alternatives to Big Tech’s data-hungry photo storage services
00:29:10 The hidden risks of EMF exposure from common devices
00:38:49 Why LED lights and blue light can disrupt your sleep
00:42:35 Practical tools to mitigate tech’s effects, like Daylight Tablets and color filters
00:47:12 How to strike a balance between tech’s convenience and its consequences
00:51:36 Outro
BOOKS AND RESOURCES
Daylight Computers.
Unchained Capital.
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 episodes (complete with transcripts) here.
Try our tool for picking s…
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TIP760: Dollar Dominance Decline w/ Lyn Alden
12 oktober 2025 · 1 uur 19 min
In this episode, Stig Brodersen welcomes back one of the most insightful voices in global macroeconomics, Lyn Alden. In this wide-ranging conversation, they explore the shifting landscape of the U.S. dollar and its role in a rapidly changing world. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:11 - Whether we’re moving from a US dollar system to a three-polar currency system
09:14 - The relationship between the fiscal deficit and the US dollar
18:51 - Why the US dollar may not go back to the strength it had in 2022 any time soon
22:23 - How to use US dollar sanctions (if at all) to achieve your goals
37:01 - Whether the US effectively implements capital controls
41:55 - What would happen if the Fed lost its independence
50:16 - Can the fiscal budget effectively balance?
57:18 - How to think about investing in high-quality equity investing in an era of fiscal dominance
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.
Lyn Alden’s book, Broken Money.
Our interview with Lyn Alden about Investing during Fiscal Dominance.
Our interview with Lyn Alden about Gold.
Our interview with Lyn Alden about Currencies and Debt.
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.
Kenneth Rogoff’s book, Our Dollar Your Problem.
Lyn Alden's free website.
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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TIP759: The Art of Spending Money w/ Morgan Housel
10 oktober 2025 · 1 uur 8 min
On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, The Art of Spending Money — Simple Choices for a Richer Life. Lees meer
Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 8 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:04 - The intersection of money and happiness
06:08 - Why Buffett’s inner scorecard can empower us to use money as a tool instead of letting money use us
20:40 - Why the happiest people we know are oftentimes the most content
28:40 - Why chasing status is a game you’ll never be able to win
30:34 - Dopamine’s role in how we spend our money
35:27 - Why not all of our big spending decisions need to be run through a spreadsheet
38:06 - The shocking story of how the Vanderbilts lost billions of dollars due to social debt
46:46 - Why Morgan highly prioritizes spending money on independence
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Morgan’s new book: The Art of Spending Money.
Morgan’s other books: Same as Ever and The Psychology of Money.
Morgan’s Podcast.
Related Episode: TIP351: The Psychology of Money w/ Morgan Housel.
Related Episode: TIP602: Same as Ever w/ Morgan Housel.
Follow Morgan on X.
Follow Clay 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, …
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TECH004: Sam Altman & the Rise of OpenAI w/ Seb Bunney
8 oktober 2025 · 1 uur 6 min
Seb and Preston analyze the book "Empire of AI," reflecting on Sam Altman’s rise and OpenAI’s transformation from a nonprofit into a powerhouse AI firm. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
00:04 - Why Sam Altman’s early ventures shaped his leadership style
00:09 - How storytelling plays a role in securing AI funding and public trust
00:11 - The founding vision behind OpenAI and Elon Musk’s original role
00:18 - The internal power struggles that led to Altman’s firing and reinstatement
00:20 - The significance of AI governance structures in shaping future technologies
00:28 - How OpenAI evolved from a non-profit to a capped-profit model
00:33 - Why AGI poses ethical and societal challenges
00:39 - The hidden costs and global inequalities in AI model training
01:00 - A sneak peek into longevity research and Lifespan by David Sinclair
01:01 - Why ancestral health might hold keys to understanding aging
BOOKS AND RESOURCES
Related book: Empire of AI: Dreams and Nightmares in Sam Altman's OpenAI.
Seb’s Website and book: The Hidden Cost of Money.
Seb's Blog: The Qi of Self-Sovereignty.
Next book: Lifespan: Why We Age―and Why We Don't Have To.
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 episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our …
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RWH061: How To Thrive No Matter What w/ Arnold Van Den Berg
5 oktober 2025 · 2 uur 20 min
In this episode, William Green chats with Arnold Van Den Berg, a revered investor whom he spotlighted in his book, Richer, Wiser, Happier. Against all odds, Arnold has run a highly successful investment firm for 50 years. Here, he discusses what he’s learned about how to succeed in markets & life; shares practical tools that he’s found transformative; & explains how he’s positioned to survive & thrive in the most overvalued US stock market he’s ever seen. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
06:57 - How extreme focus saved the life of Arnold Van Den Berg’s father.
14:05 - How to develop one-pointed focus & get into a flow state.
18:50 - What Dostoevsky taught Arnold about avoiding lies & discerning truth.
40:58 - How Arnold overcame a terrible self-image & “reprogrammed” himself.
40:58 - How he taught himself to be a successful investor.
01:34:51 - What habits he practices every day, including his favorite affirmations.
01:47:53 - How he remains optimistic amid adversity.
01:51:56 - Why he’s betting big on gold, silver, uranium, oil & natural gas.
01:51:56 - Why he thinks the S&P 500 “is one of the worst things you could buy.”
01:57:54 - Why he warns against long-term Treasury bonds & “anything with leverage.”
02:02:24 - How he & his firm are harnessing Artificial Intelligence.
02:09:59 - What brings him the greatest happiness.
02:19:02 - What you’ll learn from his favorite book about the “real secret to life.”Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
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.
Arnold Van Den Berg’s investment firm, Century Management.
Write to request Ar…
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TIP758: Current Market Conditions & Investment Opportunities w/ Derek Pilecki
3 oktober 2025 · 1 uur 2 min
On today’s episode, Clay is joined by Derek Pilecki to discuss the current market conditions and the investment opportunities he’s finding in today’s chaotic environment. Lees meer
Derek is a managing member and portfolio manager at Gator Capital Management, which manages Financials sector long/short portfolios for private partnerships and mutual funds. Since its inception in July 2008, Gator Capital has compounded capital at 21.8% per annum versus 11.9% for the S&P 500 over the same time period.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:33 - Derek’s process of looking for a potential 26% IRR on new investments.
07:43 - How value investing has evolved over the tenure of running his fund.
12:23 - The moves he made during the tariff tantrum earlier this year.
15:14 - How Buffett has influenced him as an investor.
19:51 - The opportunities he’s finding in the market today.
23:00 - How he expects the Fed’s interest rate cuts to impact the economy, the banking sector, and the real estate market.
45:25 - What Derek saw in Robinhood’s stock before it increased by over 10x.
58:24 - Derek’s investment thesis in WEX Inc.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.
Derek’s fund: Gator Capital.
Derek’s letters.
Related Episode: TIP669: Quietly Compounding at 20%+ Per Year w/ Derek Pilecki.
Follow Derek on X.
Follow Clay 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 …
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TECH003: Elon Musk's Tesla Robotaxi, Optimus, and more w/ Cern Basher (Tech Podcast)
1 oktober 2025 · 56 min
Cern Basher joins Preston Pysh to talk about robotaxi and robo-trucking economics, Optimus humanoid robots, and Wall Street’s short-term blind spots. Lees meer
Cern also unpacks Tesla’s Dojo shutdown, its true data moat, the macro impacts of autonomy and deflation, and why Bitcoin may be the ultimate corporate treasury hedge in this new era.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:02 - Why Tesla shut down Dojo and what that means
08:14 - How Tesla’s data advantage beats hardware competition
09:12 - Why Tesla’s future lies in AI and robotics, not just vehicles
12:49 - The deflationary effects of autonomy on labor and goods
20:55 - How investors can exploit Wall Street’s short-term bias
21:26 - How robotaxis could beat Uber’s per-mile costs by 10x
28:02 - Why robo-trucking may surpass robotaxis in profitability
40:00 - Why Bitcoin could hedge corporate treasuries in a new economy
42:09 - How Optimus robots could drive labor costs under $1/hour
45:42 - The economics of Robot-as-a-Service and Tesla’s potential moat
BOOKS AND RESOURCES
X Account: Cern Basher.
Cern’s company: Brilliant Advice.
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 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.
Get smarter about valuing businesses in j…
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TIP757: Richer, Wiser, Happier Q3 2025 w/ Stig Brodersen & William Green
28 september 2025 · 2 uur 8 min
Each quarter, Stig Brodersen sits down with his friend and co-host William Green, author of Richer, Wiser, Happier. Together, they reflect on the lessons and stories that have made them Richer, Wiser, or Happier over the past few months. From investing insights to timeless ideas about how to live well, this conversation is an invitation to join them on the journey toward a more meaningful life. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
05:35 - Whether universal truths about a good life really exist
07:43 - What we can — and can’t — learn about living well from other people
47:54 - Why happiness often comes more from the absence of negative emotions than from positive ones
50:24 - What William has learned about money and happiness from some of the wealthiest people on earth
01:17:33 - Why spending money on others may increase your own happiness
01:27:29 - Why Stig has deliberately constrained himself from reading new books this past quarter
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.
William Green’s book Richer, Wiser, Happier – read reviews of this book.
Check out their episode on being Richer, Wiser, and Happier in Q2 2025, Q1 2025, Q4 2024, Q3 2024, Q1 2024,and Q3 2023.
William Green’s interview with Hagstrom.
Sarah Bakewell’s book, How to Live: A Life of Montaigne in One Question and Twenty Attempts at an Answer.
Michel de Montaigne’s book, Essays.
David R. Hawkins’ book, Letting Go.
Ray Dalio’s book, How Countries Go Broke.
Ray Dalio’s book, Principles for Dealing with the Changing World Order.
Patrul Rinpoche’s book, Words of My Perfect Teacher.
John Milton’s book, Paradise Lost.
Virginia Woolf’s book, A Room of One’s Own.
Related books ment…
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TIP756: The Rise and Fall of Julian Robertson’s Tiger Fund w/ Kyle Grieve
26 september 2025 · 1 uur 2 min
Kyle Grieve discusses the rise and fall of legendary investor Julian Robertson, exploring how he built Tiger Fund into one of the most successful hedge funds of its era. You’ll learn about his investing philosophy, famous trades, and the lessons that shaped both his success and his ultimate downfall. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:05 - How Julian Robertson turned Tiger Fund into a powerhouse with a 32% annual return over 18 years.
04:51 - The story behind his legendary $300 million copper short and what it teaches about supply and demand.
10:31 - How lessons from the Navy shaped his leadership, discipline, and global outlook.
13:10 - Why Robertson believed “the market” doesn’t really exist and what that means for value investors.
16:22 - The unconventional no-fee structure and athlete-like mentality that made Tiger different.
17:30 - Why Robertson leaned on vast information networks and even his investors to uncover new ideas.
19:31 - The crude sentiment tools Tiger used such as an early version of the Fear & Greed Index.
32:35 - How Robertson spotted bubbles from Japan in the 1980s to dot-com mania in the 1990s.
53:04 - The seven core themes that guided his stock-picking framework.
01:01:28 - How the tech bubble ultimately brought down Tiger Fund and the lasting lessons for investors today.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy a copy of Julian Robertson: A Tiger In The Land Of Bulls and Bears here.
Buy a copy of Money Masters of Our Time here.
Follow Kyle on X and L…
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TECH002: Jensen Huang & NVIDIA w/ Seb Bunney - Review of The Thinking Machine by Stephen Witt
24 september 2025 · 1 uur 8 min
Preston and Seb launch their tech book review series with a deep dive into The Thinking Machine, a book about NVIDIA and its CEO Jensen Huang. Lees meer
They explore NVIDIA’s transformation from a gaming hardware company to a key player in AI, discussing CUDA, leadership strategy, robotics, and the speed of innovation. The episode ends with a preview of their next review, Empire of AI.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
05:29 – How NVIDIA transitioned from gaming GPUs to leading AI infrastructure
09:26 – Why CUDA was a turning point in GPU development for AI research
15:37 – The role of NVIDIA in enabling modern AI models, including transformers
19:55 – Jensen Huang’s leadership style and strategic market thinking
20:14 – The significance of creating new markets versus competing in existing ones
24:44 – How NVIDIA trains robots in hyper-realistic digital environments
27:47 – The impact of LiDAR and simulation on robotics advancement
38:53 – Whether Jensen's success is due to luck, skill, or strategic foresight
50:30 – The meaning behind Jensen’s "speed of light" principle
01:01:00 – What’s coming next in the book review series, starting with Empire of AI
BOOKS AND RESOURCES
Related Book: The Thinking Machine: Jensen Huang, Nvidia, and the World's Most Coveted Microchip.
Seb’s Website and 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 Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcrip…
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TIP755: My Process for Finding Great Investments w/ Kyle Grieve
21 september 2025 · 1 uur 4 min
On today’s episode, Kyle Grieve discusses the lessons that shaped his investing philosophy, from painful early mistakes in crypto to building a disciplined framework focused on quality businesses and high-potential, undervalued microcaps. He shares how goals, temperament, and a business-owner mindset guide his decisions, and why compounding, capital efficiency, and management integrity are the cornerstones of his strategy. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:16 - Lessons learned from the early days as a pure speculator.
08:40 - Kyle’s simple investing goal and the pros and cons of pursuing it.
09:16 - Why benchmarks are irrelevant to his approach.
14:00 - How adopting a business-owner mindset helps compound capital.
17:29 - The two categories of investments that form the foundation of his investing strategy.
18:21 - Why quality lies on a spectrum and why the highest quality business isn’t always the best investment choice.
19:33 - The importance of skilled and aligned management.
32:21 - The three main reasons Kyle sells a stock.
36:10 - How to combat confirmation bias and the sunk cost fallacy.
38:24 - Why averaging up has been more effective than averaging down.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
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, …
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TIP754: Rule Breaker Investing w/ David Gardner
19 september 2025 · 1 uur 32 min
On today's episode, Clay brings back David Gardner to discuss his new book, Rule Breaker Investing. Throughout David’s investing career, he seemed to have taken all of Buffett’s rules to investing and thrown them out the window. In this episode, he shares his unique rule-breaking framework, providing you with the guidance and the gumption to win at investing by finding and owning the best companies of the future. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:50 - Why David decided to ignore Buffett’s value investing principles and discover his own way to invest.
08:21 - Why he decided to break Buffett’s number one rule of investing.
11:01 - The story of David’s early investment in AOL, which rose by over 150x.
21:04 - Why David neglects the phrase, “long-term investor.”
28:36 - The six traits of rule breaker stocks and the six habits of the rule breaker investor.
40:11 - Why David prefers to buy stocks that professional commenters say are overvalued.
49:46 - Why the best companies are so good they almost seem to be cheating and don’t play by traditional rules.
01:00:42 - What conscious capitalism is and how it enables all parties in business to win.
01:27:49 - His Rule Breaker stock picks for 2025.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
David Gardner’s book: Rule Breaker Investing.
David’s company: The Motley Fool.
Matt Ridley’s book: The Rational Optimist.
John Macket’s book: Conscious Capitalism.
Related Episode: TIP385: Breaking the Rules w/ David Gardner.
Follow David on LinkedIn & X.
F…
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TECH001: AI for Activists w/ Justin Moon and Shroominic (Tech Podcast)
17 september 2025 · 50 min
From Oslo's spotlight to global frontlines, Justin and Shroominic share how activists are harnessing AI for storytelling, translation, and rapid response while also navigating threats from authoritarian AI. Lees meer
Explore the core building blocks, decentralized models, and how anyone can begin experimenting today.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:25 - What “vibe coding” is and why it’s a game-changer
02:43 - How a live website was built with voice commands in 8 minutes
04:26 - The core message behind the Oslo Freedom Forum AI demo
04:52 - How to start using AI today, even with zero technical skills
12:10 - What “AI for Activists” really means in practice
13:24 - Real examples of AI used for translation, response, and storytelling
15:10 - A surprising story of AI making a big impact for dissidents
21:14 - How authoritarian regimes are using AI—and how to counter them
24:04 - The foundational building blocks of modern AI
33:05 - A vision for AI’s future—empowering individuals over the state
BOOKS AND RESOURCES
Nostr Account: Justin Moon.
HRF’s program: AI for Individual Rights.
Newsletter: Financial Freedom Newsletter.
X Account: Shroominic.
Nostr Account: Shroominic.
Related website: routstr.
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 episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy …
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TIP753: The Relentless Vision That Made McDonald’s a Global Giant w/ Kyle Grieve
14 september 2025 · 1 uur 5 min
On today’s episode, Kyle Grieve discusses the rise of McDonald’s under Ray Kroc and the vision, systems, and persistence that transformed a small burger joint into a global empire. He explores Kroc’s leadership style, business model innovations, and the timeless lessons investors and entrepreneurs can learn from McDonald’s journey. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - The grit, adaptability, and salesmanship that made Ray Kroc unstoppable
14:42 - How a hot dog stand inspired the first McDonald’s restaurant
19:04 - Why protecting brand image was so vital to McDonald’s growth story
20:06 - How McDonald’s pivot to real estate fueled expansion
25:21 - Why standardization and systems powered McDonald’s rapid growth
28:49 - Why Kroc’s struggles with the McDonald brothers show alignment is critical
30:22 - What Jobs, Schultz, and Musk shared with Kroc as visionaries
33:54 - How McDonald’s thrived for decades despite fierce competition
40:51 - How Hamburger University aligned franchisees with Kroc’s vision
42:42 - The story behind McDonald’s product innovation successes and failures
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy a copy of Grinding It Out by Ray Kroc here.
Follow Kyle on Twitter and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Get sm…
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TIP752: Financial Statements Explained Simply w/ Brian Feroldi
12 september 2025 · 1 uur 1 min
On today's episode, Clay brings back long-time guest, Brian Feroldi, to educate our listeners on how to analyze financial statements. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:58 - An overview of the three financial statements.
13:11 - What GAAP accounting is and why the US is a good environment for investors from a regulatory perspective.
18:08 - Why Brian prefers that companies pay employees in cash rather than through stock based compensation.
30:29 - Why each dollar should be treated differently when analyzing different businesses.
37:20 - The role of financial statements in estimating a company’s intrinsic value.
37:20 - Why the P/E ratio is a useless valuation metric for growth businesses.
40:33 - Why Brian prioritizes optionality in his investment process.
43:26 - Red flags to look out for in the financial statements.
58:02 - What David Gardner taught Brian about investing.
01:01:41 - Why good investing is all about marrying the right side of your brain with the left side of your brain.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Check out more financial statement visuals here.
Check out Long-Term Mindset.
Related Episode: TIP437: Why does the Stock Market Go Up? w/ Brian Feroldi.
Follow Brian on LinkedIn & X.
Follow Clay on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
N…
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BTC251 : Tech Abundance w/ Jeff Booth
10 september 2025 · 47 min
Preston and Jeff discuss the expansion of the Bitcoin Fundamentals podcast to include cutting-edge topics like AI, robotics, and nuclear tech, all viewed through a Bitcoin and decentralization lens. Lees meer
They examine the impact of exponential technological growth, open-source innovation, and international competition. The conversation closes with a powerful message: the future of tech must reconnect with human agency and identity.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:37 Why Preston is expanding the podcast beyond Bitcoin into broader tech themes.
04:07 - Why decentralized systems like Bitcoin are crucial in a high-tech world.
07:05 - Why deflation is natural in a free market and what’s preventing it.
09:00 - How AI and robotics are reshaping labor and automation.
12:50 - How open-source technologies challenge centralization.
17:00 - What Tesla’s Optimus robot signals about the future of automation.
18:49 - The role of international tech competition, especially from China.
24:33 - How synthetic environments are accelerating AI training for robotics.
34:19 - How demographic trends intersect with economic and tech paradigms.
40:29 - The vision of a hopeful tech future rooted in human consciousness.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Jeff’s Book: The Price of Tomorrow.
Nostr account: Jeff Booth.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to 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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TIP751: Mastermind Q3, 2025: Uber, Merck, and Bath & Body Works
7 september 2025 · 1 uur 34 min
In today's episode, Stig Brodersen is talking stocks with Tobias Carlisle and Hari Ramachandra. Stig’s pick is Uber, the world’s largest ride-hailing company. Tobias is pitching Bath & Body Works, a category leader in home and personal fragrance. Hari’s stock of choice is Merck, a pharmaceutical giant that owns the blockbuster oncology drug. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:23 - Stig’s bull case for Uber (Ticker on NYSE: UBER).
17:15 - The bear case for Uber, including the regulatory risk.
58:37 - Why Hari is bullish on Merck (Ticker on NYSE: MRK).
01:12:10 - The bear case for Merck, including the “Keytruda patent cliff.”
01:17:32 - Why Toby is bullish on Bath & Body Works (Ticker on NYSE: BBWI).
01:27:10 - The bear case of Bath & Body Works, including the debt level.
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Stig Brodersen’s Portfolio and Track record.
Listen to Shawn and Daniel’s episode about Uber.
Listen to Mastermind Discussion Q2, 2025 or watch the video.
Listen to Mastermind Discussion Q1, 2025 or watch the video.
Tobias' podcast, The Acquirers Podcast.
Tobias' ETFs, ZIG and Deep.
Tobias' Acquirer's Multiple stock screener: AcquirersMultiple.com.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premiu…
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TIP750: Generating Alpha, Digital Payments, & AI w/ Deiya Pernas
5 september 2025 · 56 min
On today's episode, Clay is joined by Deiya Pernas to discuss his investing philosophy, why he sees opportunity for investors in the digital payments space, and why he is closely following developments in AI. Lees meer
After a decade of experience in the investment industry, Deiya co-founded Pernas Research with his brother in 2023. Since January 2017, the Pernas portfolio has published audited net returns of 27.1% versus the S&P 500’s average annualized return of 14.7%.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:44 - Pernas’ overall investing philosophy that has enabled them to crush the market.
04:49 - How we as investors can go about making predictions about an uncertain future.
09:00 - What poker taught Deiya about effective portfolio management.
15:12 - The importance of understanding working capital.
24:39 - Why Deiya is attracted to the digital payments space.
30:28 - An overview of why Deiya is long Remitly.
45:52 - Why Wise PLC isn’t a major threat to Remitly.
49:12 - Why Deiya is closely following developments in AI.
And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Related Episode: TIVP032: Remitly (RELY): Future Multibagger or Stablecoin Casualty? w/ Daniel Mahncke & Shawn O'Malley.
Follow Clay on LinkedIn & X.
Follow Deiya on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW T…
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BTC250: Is This Bitcoin Bull Market Over w/ Tuur Demeester (Bitcoin Podcast)
3 september 2025 · 52 min
Tuur Demeester returns to discuss his new report on Bitcoin's 2025 outlook. He and Preston unpack institutional accumulation, custodial confiscation risks, the macroeconomic backdrop, and how Bitcoin's role is evolving amid growing global uncertainty. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:02 - Why the current market doesn’t reflect a true speculative mania yet
04:11 - How institutions—not retail—are driving this bull cycle
05:38 - What the “hodler net position change” metric reveals about whale behavior
11:33 - How governments may quietly confiscate Bitcoin through custodians
22:41 - Why M2 money supply contraction exposes fiat’s Ponzi-like structure
27:41 - Bitcoin’s potential to replace gold as the global monetary anchor
33:01 - Why Wall Street's shallow engagement with Bitcoin’s tech is concerning
35:00 - How Lightning Network could disrupt stablecoin platforms
39:03 - The growing convergence of AI, Bitcoin mining, and energy infrastructure
46:07 - Why Bitcoin could genuinely reduce global conflict long term
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
X Account: Tuur Demeester.
Report: How To Position for the Bitcoin Boom by Tuur Demeester.
Check out all the books mentioned and discussed in our podcast episodes here.
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Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
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Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcripts) here.
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TIP749: Unlocking Hidden Investing Secrets From Basic Science w/ Kyle Grieve
31 augustus 2025 · 1 uur 3 min
On today’s episode, Kyle Grieve discusses how mental models from physics, chemistry, and biology can give investors and business leaders sharper decision-making tools. He’ll explore how applying these frameworks helps to identify opportunities, avoid risks, and build lasting advantages. Lees meer
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:06 - How relativity helps investors see opportunities from different perspectives.
07:33 - Why inertia reveals which businesses stay great or stuck over decades.
09:29 - How momentum creates powerful flywheels in business and investing.
23:22 - When leverage accelerates growth or dangerously magnifies risk.
29:13 - How catalysts can rapidly unlock an investing thesis.
35:50 - Why ecosystems multiply value from a single input change.
41:52 - How niche strategies create outsized business advantages.
52:50 - Why honest versus dishonest signals matter for investors.
01:00:19 - How misaligned incentives quietly increase investment risk.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy a copy of The Great Mental Models Part II: Physics, Chemistry and Biology here.
Follow Kyle on Twitter and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
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