Afleveringen
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On today’s episode, Kyle Grieve chats about one of the most iconic businesses in history—Coca-Cola—and explores its enduring competitive advantages, its remarkable turnaround under CEO Roberto Goizueta, and what Warren Buffett saw that made it one of Berkshire Hathaway’s most legendary investments. Kyle unpacks why Coke’s brand power, global distribution, and intelligent capital allocation have helped it dominate for over a century and why understanding this story can help you spot other life-changing investments.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:03 - What gives Coca-Cola four enduring edges over competitors worldwide.
08:04 - A brief overview of Coca-Cola’s two primary business segments.
09:38 - Why Goizueta’s personality reshaped Coca-Cola’s future in unexpected ways.
11:14 - What makes Coca-Cola’s brand unforgettable across cultures and decades.
25:16 - The unique metric Goizueta used to unlock hidden value.
27:12 - What Warren Buffett saw before betting big on Coca-Cola.
39:40 - A mental model experiment Munger used to gauge Coke’s potential.
48:48 - How inversion revealed Coca-Cola’s moat through Charlie Munger’s lens.
50:03 - The real story behind Coca-Cola’s infamous recipe change.
55:43 - Why Coke’s scale and network keep competition permanently outmatched.
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 â â â â â hereâ â â â â .
Join the exclusive â â â â â TIP Mastermind Communityâ â â â â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy I'd Like the World to Buy a Coke here.
Buy The Warren Buffett Way here.
Read Charlie Munger’s $2 trillion Coke hypothesis here
Follow Kyle on â â â Xâ â â and â â â LinkedInâ â â .
Check out all the books mentioned and discussed in our podcast episodes â â â â â hereâ â â â â .
Enjoy ad-free episodes when you subscribe to our â â â â â Premium Feedâ â â â â .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â â â â The Intrinsic Value Newsletterâ â â â â .
Check out our â â â â â We Study Billionaires Starter Packsâ â â â â .
Follow our official social media accounts: â â â â â X (Twitter)â â â â â | â â â â â LinkedInâ â â â â | â â â â â Instagramâ â â â â | â â â â â Facebookâ â â â â | â â â â â TikTokâ â â â â .
Browse through all our episodes (complete with transcripts) â â â â â hereâ â â â â .
Try our tool for picking stock winners and managing our portfolios: â â â â â TIP Finance Toolâ â â â â .
Enjoy exclusive perks from our â â â â â favorite Apps and Servicesâ â â â â .
Learn how to better start, manage, and grow your business with the â â â â â best business podcastsâ â â â â .
SPONSORS
Support our free podcast by supporting our â â â â â sponsorsâ â â â â :
â â SimpleMiningâ â
â â Hardblockâ â
â â AnchorWatchâ â
â â Fundriseâ â
â â DeleteMeâ â
â â CFI Educationâ â
â â Vantaâ â
â â The Bitcoin Wayâ â
â â Onrampâ â
â â Indeedâ â
â â Shopifyâ â
HELP US OUT!
Help us reach new listeners by leaving us a â â â â â rating and reviewâ â â â â on â â â â â Spotifyâ â â â â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! â â â https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
On today’s episode, Kyle Grieve chats with James and Abigail Zimmerman about the strength of growing and sustainable cash flowing businesses; the importance of strong balance sheets; how they navigate their circle of competence, and the steps they take to expand it; why simplicity is so important in an age of complexity, how they use cash as a boost, and not a drag on returns, and much more.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:28 - How communities—public and private—can spark better investment ideas.
07:06 - Why free cash flow yield is their north star metric.
10:09 - How to tell if value drivers are simple or deceptively complex.
14:00 - Why staying inside your circle of competence protects your downside.
19:22 - How “Fort Knox” balance sheets help survive any market storm.
28:23 - Key signals that suggest a business can sustain high ROIC.
32:56 - What truly shows management is aligned, not just insider ownership.
43:25 - The hidden risks that make many retailers dangerous investments.
53:07 - How an equity-bond lens helps compare all asset classes.
01:06:39 - When to double down on winners.
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 â â â â hereâ â â â .
Join the exclusive â â â â TIP Mastermind Communityâ â â â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read about The Magic Formula here.
Check out Value Investors Club here.
Check out SumZero here.
Check out MOI Global here.
Follow Kyle on â â Xâ â and â â LinkedInâ â .
Check out all the books mentioned and discussed in our podcast episodes â â â â hereâ â â â .
Enjoy ad-free episodes when you subscribe to our â â â â Premium Feedâ â â â .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â â â The Intrinsic Value Newsletterâ â â â .
Check out our â â â â We Study Billionaires Starter Packsâ â â â .
Follow our official social media accounts: â â â â X (Twitter)â â â â | â â â â LinkedInâ â â â | â â â â Instagramâ â â â | â â â â Facebookâ â â â | â â â â TikTokâ â â â .
Browse through all our episodes (complete with transcripts) â â â â hereâ â â â .
Try our tool for picking stock winners and managing our portfolios: â â â â TIP Finance Toolâ â â â .
Enjoy exclusive perks from our â â â â favorite Apps and Servicesâ â â â .
Learn how to better start, manage, and grow your business with the â â â â best business podcastsâ â â â .
SPONSORS
Support our free podcast by supporting our â â â â sponsorsâ â â â :
SimpleMining
Hardblock
AnchorWatch
Unchained
Fundrise
DeleteMe
CFI Education
The Bitcoin Way
Vanta
Onramp
Indeed
Shopify
HELP US OUT!
Help us reach new listeners by leaving us a â â â â rating and reviewâ â â â on â â â â Spotifyâ â â â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! â â https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Zijn er afleveringen die ontbreken?
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Explore the launch of Twenty One Capital, its strategic ties with Tether, SoftBank, and Cantor Fitzgerald, and how it compares to MicroStrategy or ETFs. Plus, Strike’s bold leap into secure Bitcoin lending.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
15:29 - How Twenty One Capital was formed and why now is the right time for a Bitcoin-native public company
17:16 - What SoftBank contributes beyond funding, including possible global Bitcoin adoption strategies
19:05 - How Twenty One differentiates itself from MicroStrategy and ETFs as a Bitcoin investment vehicle
19:55 - Why “Bitcoin Per Share” is used to track performance instead of traditional fiat metrics
27:31 - The ownership structure and governance dynamics between Tether, SoftBank, and other stakeholders
28:45 - Whether and how Strike and Twenty One will collaborate, and how CEO responsibilities are managed
31:26 - How the company navigates U.S. regulatory challenges, especially with Tether’s involvement
33:07 - The roadmap for Twenty One’s operational revenue beyond holding BTC
35:02 - The thinking behind Strike’s conservative Bitcoin-backed loans and their structure
35:40 - Lessons from the collapse of other crypto lenders and how Strike avoids similar risks
42:06 - The future of interest rates, accessibility, and transparency in Strike’s lending products
49:28 - Strike’s evolving role as a Bitcoin-native financial services platform – or neobank
51:54 - How both companies aim to promote financial sovereignty while balancing ease of use
57:05 - The biggest challenges on the horizon, from regulation to competition, and how they’ll be tackled
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Jack’s X Account.
Learn more about Jack’s company: Strike.
Check out all the books mentioned and discussed in our podcast episodes â â â â â â â â hereâ â â â â â â â .
Enjoy ad-free episodes when you subscribe to our â â â â â â â â Premium Feedâ â â â â â â â .
NEW TO THE SHOW?
Join the exclusive â â â â TIP Mastermind Communityâ â â â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: â â â â X (Twitter)â â â â | â â â â LinkedInâ â â â | | â â â â Instagramâ â â â | â â â â Facebookâ â â â | â â â â TikTokâ â â â .
Check out our â â â â Bitcoin Fundamentals Starter Packsâ â â â .
Browse through all our episodes (complete with transcripts) â â â â hereâ â â â .
Try our tool for picking stock winners and managing our portfolios: â â â â TIP Finance Toolâ â â â .
Enjoy exclusive perks from our â â â â favorite Apps and Servicesâ â â â .
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â â â The Intrinsic Value Newsletterâ â â â .
Learn how to better start, manage, and grow your business with the â â â â best business podcastsâ â â â .
SPONSORS
Support our free podcast by supporting our â â â â sponsorsâ â â â :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â â â â rating and reviewâ â â â on â â â â Spotifyâ â â â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
In this special celebratory episode, William Green spotlights some of the most important lessons from the greatest investor of all time: Warren Buffett. In honor of Buffettâs historic decision to retire after 60 years as Berkshire Hathawayâs CEO, William offers his thoughts on Buffettâs legacy & Berkshireâs future; he also shares powerful highlights from his conversations about Buffett with Joel Greenblatt, Nick Sleep, Thomas Russo, Chris Davis, Chuck Akre & Christopher Bloomstran.IN THIS EPISODE YOUâLL LEARN:00:00 - Intro04:20 - What makes Berkshire Hathawayâs annual meeting a joyous experience.06:13 - How Warren Buffettâs virtues & values shone through at this yearâs AGM.14:51 - How he & Charlie Munger made most of their money off 8 or 9 big bets.22:41 - What Buffett taught Joel Greenblatt about buying great businesses.27:24 - What stunned Greenblatt when he finally met Buffett.33:45 - Why Chuck Akre attributes his enormous success to Buffettâs teachings.38:18 - What Thomas Russo learned from Buffett about reducing âagency risk.â 46:17 - How Buffett inspired Nick Sleep to do what he already knew was right.52:34 - Why Christopher Bloomstran thinks all CEOs should study Berkshire.1:19:54 - Why Buffett focuses relentlessly on resilience in the face of extreme risks. 1:22:48 - What principles guide Greg Abelâs philosophy of asset allocation.1:26:00 - Why Berkshire directors like Chris Davis vow to protect its unique culture.1:33:39 - How he achieved staggering success without making enemies.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 â hereâ . Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Berkshire Hathawayâs annual reports since 1995. Robert Hagstromâs book The Warren Buffett Way. Dale Carnegieâs book How to Win Friends & Influence People. William Greenâs podcast episode with Joel Greenblatt. William Greenâs podcast episode with Thomas Russo. William Greenâs podcast episode with Christopher Bloomstran. William Greenâs podcast episode with Chris Davis. William Greenâs book, âRicher, Wiser, Happierâ â â read the reviews of this bookâ . Follow William Green on â Xâ . Check out all the books mentioned and discussed in our podcast episodes â hereâ . Enjoy ad-free episodes when you subscribe to our â Premium Feedâ .NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ . Check out our â We Study Billionaires Starter Packsâ . Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | â Instagramâ | â Facebookâ | â TikTokâ . Browse through all our episodes (complete with transcripts) â hereâ . Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ . Enjoy exclusive perks from our â favorite Apps and Servicesâ . Learn how to better start, manage, and grow your business with the â best business podcastsâ .SPONSORSSupport our free podcast by supporting our â sponsorsâ : â SimpleMiningâ â Hardblockâ â AnchorWatchâ â Fundriseâ â DeleteMeâ â CFI Educationâ â Vantaâ â The Bitcoin Wayâ â Onrampâ â Indeedâ â Shopifyâ HELP US OUT!Help us reach new listeners by leaving us a â rating and reviewâ on â Spotifyâ ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you â we really appreciate it!Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmLearn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q2 2025. This quarter, they discuss Booking Holdings.
To our surprise, Booking Holdings is the world’s largest travel company. We explore how the company built a dominant position in Europe through its network effect, asset-light business model, and sound capital allocation decisions. We also cover Booking’s competitive advantages, financial performance, and key risks facing the business.
Clay finds Bookings Holdings to be a compelling long-term compounder, which led him to initiate a position in the company earlier this year.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
06:42 - How Booking built its dominant position in Europe and other markets globally.
11:47 - Why Booking Holdings is one of the most dominant and profitable online travel agencies in the world.
16:59 - An overview of the competitive landscape for online travel agencies.
38:21 - Booking Holdings’ competitive advantages.
40:46 - An overview of Bookings’ management team and incentive structure.
01:00:59 - How we view Bookings’ valuation today.
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 â â â hereâ â â .
Join the exclusive â â â TIP Mastermind Communityâ â â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
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.
Related Episode TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve.
Related Episode TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve.
Follow Kyle on â Xâ and â LinkedInâ .
Follow Clay on â Xâ and â LinkedInâ .
Check out all the books mentioned and discussed in our podcast episodes â â â hereâ â â .
Enjoy ad-free episodes when you subscribe to our â â â Premium Feedâ â â .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â â The Intrinsic Value Newsletterâ â â .
Check out our â â â We Study Billionaires Starter Packsâ â â .
Follow our official social media accounts: â â â X (Twitter)â â â | â â â LinkedInâ â â | â â â Instagramâ â â | â â â Facebookâ â â | â â â TikTokâ â â .
Browse through all our episodes (complete with transcripts) â â â hereâ â â .
Try our tool for picking stock winners and managing our portfolios: â â â TIP Finance Toolâ â â .
Enjoy exclusive perks from our â â â favorite Apps and Servicesâ â â .
Learn how to better start, manage, and grow your business with the â â â best business podcastsâ â â .
SPONSORS
Support our free podcast by supporting our â â â sponsorsâ â â :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â â â rating and reviewâ â â on â â â Spotifyâ â â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! â https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Andy Edstrom unpacks whether Bitcoin is truly the last asymmetric bet for companies, diving into MicroStrategy's model, capital structure risks, and Bitcoin's rising institutional role.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:40 - Why Michael Saylor calls Bitcoin a lifeline for “zombie companies”
05:20 - How Bitcoin’s returns compare to traditional assets over the last decade
07:10 - The strategic and accounting evolution enabling Bitcoin treasury allocations
12:00 - MicroStrategy’s premium-to-NAV strategy and its replicability
15:40 - Risks and rewards of BTC-backed leverage and convertible notes
18:05 - The logic behind “torque” metrics in Bitcoin-financed capital structures
21:10 - If preferred shares like STRK and STRF are innovative or dangerous
23:05 - Wall Street’s changing views on Bitcoin-leveraged equity plays
27:20 - Legal and governance hurdles in corporate Bitcoin adoption
29:10 - What a BTC-heavy balance sheet should do during a major drawdown
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Andy’s X Account.
Microstrategy Shareholders’ Meeting: Q1 2025 Earnings Call.
Michael Saylor’s speech at Strategy World: Bitcoin for Corporations 2025 Keynote Speech.
Check out all the books mentioned and discussed in our podcast episodes â â â â â â hereâ â â â â â .
Enjoy ad-free episodes when you subscribe to our â â â â â â Premium Feedâ â â â â â .
NEW TO THE SHOW?
Join the exclusive â â â TIP Mastermind Communityâ â â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: â â â X (Twitter)â â â | â â â LinkedInâ â â | | â â â Instagramâ â â | â â â Facebookâ â â | â â â TikTokâ â â .
Check out our â â â Bitcoin Fundamentals Starter Packsâ â â .
Browse through all our episodes (complete with transcripts) â â â hereâ â â .
Try our tool for picking stock winners and managing our portfolios: â â â TIP Finance Toolâ â â .
Enjoy exclusive perks from our â â â favorite Apps and Servicesâ â â .
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â â The Intrinsic Value Newsletterâ â â .
Learn how to better start, manage, and grow your business with the â â â best business podcastsâ â â .
SPONSORS
Support our free podcast by supporting our â â â sponsorsâ â â :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â â â rating and reviewâ â â on â â â Spotifyâ â â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
In this episode, Clay and Kyle reflect on their weekend at the Berkshire Hathaway annual shareholders meeting in Omaha and play a few of their favorite clips from the Q&A session with Warren Buffett, Greg Abel, and Ajit Jain.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:16 - Our thoughts on Buffett’s announced retirement of CEO at Berkshire Hathaway.
07:07 - How Warren Buffett and Greg Abel’s management style might differ as CEO.
20:03 - Why Buffett seeks to surround himself with wonderful people.
35:03 - How Buffett and Abel balance patience with acting quickly and opportunitistically.
49:31 - How Buffett and Abel view Berkshire’s investments in Japan.
01:06:05 - The most important factor to consider when investing in emerging markets.
01:10:44 - Berkshire’s recent investment activity and Buffett’s thoughts on today’s market.
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 â â hereâ â .
Join the exclusive â â TIP Mastermind Communityâ â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Watch the full shareholders meeting here.
Related Episode: TIP629: Berkshire Hathaway Annual Shareholders Meeting 2024 w/ Clay Finck & Kyle Grieve.
Related Episode: TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023 w/ Clay Finck.
Related Episode: TIP446: Berkshire Hathaway Annual Shareholders Meeting 2022 w/ Stig Brodersen & Trey Lockerbie.
Follow Kyle on X and LinkedIn.
Follow Clay on X and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes â â hereâ â .
Enjoy ad-free episodes when you subscribe to our â â Premium Feedâ â .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â The Intrinsic Value Newsletterâ â .
Check out our â â We Study Billionaires Starter Packsâ â .
Follow our official social media accounts: â â X (Twitter)â â | â â LinkedInâ â | â â Instagramâ â | â â Facebookâ â | â â TikTokâ â .
Browse through all our episodes (complete with transcripts) â â hereâ â .
Try our tool for picking stock winners and managing our portfolios: â â TIP Finance Toolâ â .
Enjoy exclusive perks from our â â favorite Apps and Servicesâ â .
Learn how to better start, manage, and grow your business with the â â best business podcastsâ â .
SPONSORS
Support our free podcast by supporting our â â sponsorsâ â :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â â rating and reviewâ â on â â Spotifyâ â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
On today’s episode, Kyle Grieve breaks down the contrarian investing philosophy of Anthony Bolton, revealing how he consistently outperformed the market by combining sentiment analysis, in-depth fundamental research, and a flexible yet disciplined portfolio strategy.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:27 - The traits Bolton observed in the best fund managers.
04:55 - Why incomplete knowledge can be a strength.
06:56 - A simple method for conviction-based portfolio reviews.
11:48 - What to do when your investments aren't working.
16:05 - The role of sentiment in Bolton’s investing edge.
22:40 - How to spot and avoid artificial conviction.
29:14 - Using bond prices to assess business risk.
31:18 - Why controlling your destiny matters in business.
35:45 - Insights Bolton gained from meeting company management.
01:00:45 - Three big mistakes—and what they taught him.
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 â hereâ .
Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read Investing Against The Tide here.
Follow Kyle on â Xâ and â LinkedInâ .
Check out all the books mentioned and discussed in our podcast episodes â hereâ .
Enjoy ad-free episodes when you subscribe to our â Premium Feedâ .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ .
Check out our â We Study Billionaires Starter Packsâ .
Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | â Instagramâ | â Facebookâ | â TikTokâ .
Browse through all our episodes (complete with transcripts) â hereâ .
Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ .
Enjoy exclusive perks from our â favorite Apps and Servicesâ .
Learn how to better start, manage, and grow your business with the â best business podcastsâ .
SPONSORS
Support our free podcast by supporting our â sponsorsâ :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â rating and reviewâ on â Spotifyâ ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
This episode explores Bitcoin’s emerging role as a global economic force, from its convergence as money to grid integration, payment tech, and strategic policy shifts.
Preston and Parker also spotlight Zaprite's innovations for Bitcoin payments and the broader implications of CBDCs and regulatory changes.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:12 - Key developments in Texas: grid reliability, strategic reserves, and Bitcoin Park
07:12 - How Bitcoin mining can support energy grid reliability and cost efficiency
09:47 - Economic pros and cons of a U.S. Strategic Bitcoin Reserve.
12:57 - Navigating regulatory pressures while fostering innovation in the Bitcoin space
14:08 - How Zaprite helps businesses integrate Bitcoin payments with ease
15:50 - The impact of Zaprite’s new Payments API on the merchant landscape
21:26 - Why Bitcoin, not crypto, is positioned as the singular monetary convergence point
27:51 - The rationale behind global convergence toward Bitcoin as a monetary standard
28:41 - The role and future of stablecoins in a Bitcoin-dominant ecosystem
34:35 - The feasibility of Bitcoin becoming a global reserve currency
41:00 - Bitcoin as a hedge against inflation and the response to CBDCs
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Parker’s book, Gradually, Then Suddenly.
Start accepting Bitcoin payments through â Zapriteâ .
Parker’sâ X Acountâ .
Related Video: â Bitcoin, Not Cryptoâ .
Check out all the books mentioned and discussed in our podcast episodes â â â â hereâ â â â .
Enjoy ad-free episodes when you subscribe to our â â â â Premium Feedâ â â â .
NEW TO THE SHOW?
Join the exclusive â â TIP Mastermind Communityâ â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: â â X (Twitter)â â | â â LinkedInâ â | | â â Instagramâ â | â â Facebookâ â | â â TikTokâ â .
Check out our â â Bitcoin Fundamentals Starter Packsâ â .
Browse through all our episodes (complete with transcripts) â â hereâ â .
Try our tool for picking stock winners and managing our portfolios: â â TIP Finance Toolâ â .
Enjoy exclusive perks from our â â favorite Apps and Servicesâ â .
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â The Intrinsic Value Newsletterâ â .
Learn how to better start, manage, and grow your business with the â â best business podcastsâ â .
SPONSORS
Support our free podcast by supporting our â â sponsorsâ â :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig’s metaphorical restaurant and together taste new wonderful dishes in investing and life.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:36 - How stock investors can truly think like the owners of the business
10:09 - Which advice would Mohnish give to himself at ages 40 and 50
20:48 - Why you should learn from your mistakes, but not too much
33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game
35:41 - Why you need to work with the fewest possible variables in philanthropy
51:30 - How to look at an “execution moat”
1:00:59 - Why Stig thinks that Mohnish is over diversified
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 â â hereâ â .
Join the exclusive â â TIP Mastermind Communityâ â to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Mohnish Pabrai’s website.
Learn more about Mohnish Pabrai’s Dakshana Foundation.
Our interviews with Mohnish Pabrai about The Inner Scorecard.
Our interviews with Mohnish Pabrai about Masterclass Investing.
Our interviews with Mohnish Pabrai about investing in stocks.
Our interviews with Mohnish Pabrai about value investing and philanthropy.
Check out all the books mentioned and discussed in our podcast episodes â â hereâ â .
Enjoy ad-free episodes when you subscribe to our â â Premium Feedâ â .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â â The Intrinsic Value Newsletterâ â .
Check out our â â We Study Billionaires Starter Packsâ â .
Follow our official social media accounts: â â X (Twitter)â â | â â LinkedInâ â | â â Instagramâ â | â â Facebookâ â | â â TikTokâ â .
Browse through all our episodes (complete with transcripts) â â hereâ â .
Try our tool for picking stock winners and managing our portfolios: â â TIP Finance Toolâ â .
Enjoy exclusive perks from our â â favorite Apps and Servicesâ â .
Learn how to better start, manage, and grow your business with the â â best business podcastsâ â .
SPONSORS
Support our free podcast by supporting our â â sponsorsâ â :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â â rating and reviewâ â on â â Spotifyâ â ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member!
https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
In this episode, Clay dives into Buffett and Munger Unscripted by Alex Morris. This book is a treasure trove of timeless investing wisdom from decades of Berkshire Hathaway annual meetings.
The episode highlights Warren and Charlie’s most powerful lessons on capital allocation, business quality, temperament, and how to achieve long-term investing success. Whether you're a lifelong Buffett fan or just stepping into the world of value investing, this episode is packed with insights you won’t want to miss.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:48 - Why Buffett and Munger believe there’s no such thing as non-value investment.
07:45 - Why Buffett avoids complex financial models and sticks to common sense.
08:05 - The traits that define a truly great business—and why those are so rare.
14:57 - How capital allocation drives long-term shareholder value and Berkshire’s success.
24:29 - How Buffett thinks about share buybacks and dividends.
26:27 - The importance of understanding and trusting management and company culture.
38:53 - Why most of Berkshire’s success came from just a handful of decisions.
49:48 - How Buffett and Munger handle market volatility and avoid emotional decisions.
56:26 - The role of temperament in investing and why intelligence alone isn’t enough.
58:15 - Why short selling rarely works and why index funds are still a powerful tool.
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 â hereâ .
Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Alex Morris’ book: Buffett & Munger Unscripted.
Alex’s research service: The Science of Hitting.
Book mentioned: The Essays of Warren Buffett.
Mentioned Episode: TIP697: The Secret to Buffett's Business Success w/ Lawrence Cunningham.
Mentioned Episode: TIP550: Masterclass w/ Mohnish Pabrai.
Mentioned Episode: TIP693: The Power Law w/ Clay Finck.
Mentioned Episode: TIP626: Intelligent & Rational Long-Term Investing w/ Francois Rochon.
Mentioned Episode: TIP620: The Intelligent Investor by Benjamin Graham.
Follow Alex on X and LinkedIn.
Follow Clay on â LinkedInâ & â Xâ .
Check out all the books mentioned and discussed in our podcast episodes â hereâ .
Enjoy ad-free episodes when you subscribe to our â Premium Feedâ .
NEW TO THE SHOW?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ .
Check out our â We Study Billionaires Starter Packsâ .
Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | â Instagramâ | â Facebookâ | â TikTokâ .
Browse through all our episodes (complete with transcripts) â hereâ .
Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ .
Enjoy exclusive perks from our â favorite Apps and Servicesâ .
Learn how to better start, manage, and grow your business with the â best business podcastsâ .
SPONSORS
Support our free podcast by supporting our â sponsorsâ :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a â rating and reviewâ on â Spotifyâ ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
This episode explores how Bitcoin investors can build resilient portfolios, respond to economic slowdowns, and make smarter money and time decisions.
Expert insights on real estate trends, estate planning, and hedging strategies round out a comprehensive discussion.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:45 - The sustainability of Bitcoin's rally and long-term price outlooks.
05:35 - Trends in Bitcoiners' real estate investments amid housing illiquidity.
07:43 - How to interpret downgraded global growth forecasts for personal planning.
11:12 - How Bitcoiners can diversify portfolios while managing volatility.
19:45 - Entrepreneurial vs. employment decisions in today’s financial climate.
20:37 - Hedging strategies for crypto portfolios under regulatory uncertainty.
21:05 - Shifts in investor behavior during inflationary slowdowns.
21:22: The impact of macroeconomic trends on Bitcoin investment strategies.
29:00 - The estate and tax implications of a Strategic Bitcoin Reserve.
36:09 - Lifestyle shifts prioritizing time over income in economic downturns.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Jim’s website.
Jim’sâ X Accountâ .
Check out all the books mentioned and discussed in our podcast episodes â â hereâ â .
Enjoy ad-free episodes when you subscribe to our â â Premium Feedâ â .
NEW TO THE SHOW?
Join the exclusive â TIP Mastermind Communityâ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: â X (Twitter)â | â LinkedInâ | | â Instagramâ | â Facebookâ | â TikTokâ .
Check out our â Bitcoin Fundamentals Starter Packsâ .
Browse through all our episodes (complete with transcripts) â hereâ .
Try our tool for picking stock winners and managing our portfolios: â TIP Finance Toolâ .
Enjoy exclusive perks from our â favorite Apps and Servicesâ .
Get smarter about valuing businesses in just a few minutes each week through our newsletter, â The Intrinsic Value Newsletterâ .
Learn how to better start, manage, and grow your business with the â best business podcastsâ .
SPONSORS
Support our free podcast by supporting our â sponsorsâ :
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.4% on equities since its fund's inception on 2/28/1999, compared to 8.2% for the S&P 500.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:45 - The importance of being trusted for Warren Buffett and Chris Bloomstran
18:20 - Why you may want to own a 10-year treasury over the S&P 500 over the next decade
20:28 - How to estimate whether you’re in a secular peak
27:43 - How active Berkshire should be on the boards of portfolio companies
36:03 - How to take a deep dive into Berkshire Hathaway’s culture and business model
43:53 - What the intrinsic value of Berkshire Hathaway is, and what type of return you can get moving forward
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’s 2024 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2023 interview with Chris Bloomstran about Berkshire Hathaway.
Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway.
Chris Bloomstran’s website.
Read Chris Bloomstran’s annual letters.
Buffett resource on CNBC.
Alex Morris’ book, Buffett and Munger Unscripted – read reviews of the book.
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 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) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
On today’s episode, Kyle Grieve explores the DNA of Amazon by tracing Jeff Bezos’s early influences, strategic decisions, and relentless focus on customer experience, revealing how a bold vision and founder-led culture built one of the most dominant businesses in history.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:12 - How Bezos’s childhood brilliance helped forged Amazon’s DNA.
03:22 - Why self-reliance helped Bezos repeatedly invent out of failure.
06:02 - How DE Shaw inspired Amazon’s hiring bar and secretive innovations.
14:18 - Why founder-led companies tripled returns vs peers from 1990–2014.
17:07 - How Amazon used user reviews to build trust and boost Amazon’s moat.
24:20 - How one-click ordering deepened customer loyalty and competitive defensibility.
41:05 - The importance of Amazon Prime and how it affected customer churn and loyalty.
51:51 - How AWS was born.
54:27 - How Amazon has used its scale and competitive positioning to acquire competitors.
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.
Read The Everything Store: Jeff Bezos and the Age of Amazon here.
Read Invent and Wander: The Collected Writings of Jeff Bezos here.
Read Delivering Happiness: A Path to Profits, Passion, and Purpose here.
Follow Kyle on X 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 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) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Alex Gladstein unpacks the hidden power dynamics of financial privilege, the shifting terrain of surveillance, and why Bitcoin might be the most unexpected tool in the fight for human rights
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
08:23 - Why self-custody is essential to the philosophical core of financial freedom
13:12 - How grassroots Bitcoin movements are reshaping power dynamics
14:02 - The complex role of social media in Bitcoin advocacy
14:27 - What recent developments are challenging or reinforcing core beliefs
16:07 - How Bitcoin acts as a stealth disruptor of corrupt systems
17:29 - Real-world humanitarian uses of Bitcoin, including crisis response
18:49 - The implications of rising financial surveillance—even in democracies
19:43 - Why financial privilege blinds many in the West to global monetary injustice
21:07 - Where the next frontier of Bitcoin and human rights may emerge
49:03 - How writing a full-length book reframed the guest’s understanding of scale and resistance
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Alex’s X Account.
Human Rights Foundation.
Related Video: Princess of the Yen.
Bitcoin Is A Trojan Horse For Freedom by Alex Gladstein.
Alex’s books: Check Your Financial Privilege and Hidden Repression: How the IMF and World Bank Sell Exploitation as Development.
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 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 just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
In this episode, William Green chats with Christopher Begg, an exceptional hedge fund manager who is the CEO & CIO of East Coast Asset Management. Chris has also taught for many years at Columbia Business School, where he teaches the prestigious Security Analysis course that Warren Buffett took with Ben Graham in 1951. Here, Chris discusses how to stay calm amid market turmoil; how he identifies great businesses; why Tesla could deliver extraordinary long-term returns; & how he builds a balanced life in 7 key areas. IN THIS EPISODE YOUâLL LEARN:00:00 - Intro03:54 - How Christopher Begg handles extreme market turmoil.04:07 - Why he loves volatility & how he exploits it. 06:27 - What 3 qualities he seeks when identifying an exceptional business. 18:19 - Why temperament is the key to investment success. 28:06 - How Perimeter Solutions embodies what he looks for in a stock.31:49 - How value investing has evolved to what he calls âValue 3.0.â42:15 - Why Tesla could deliver âextraordinaryâ returns over many years. 42:15 - What he thinks of Elon Musk. 01:11:13 - Why the secret of success is âpersistent incremental progress.â01:13:48 - How a 66-day challenge helped Chris to nurture good habits.01:26:06 - How Buffett & Munger won the investing game with âclass & virtue.â01:34:18 - How to design a balanced, joyful, & spacious 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. Chris Beggâs investment firm, East Coast Asset Management. Marcel Proust's In Search of Lost Time. Tanya Luhrmann's How God Becomes Real. Maurice Merleau-Ponty's Phenomenology of Perception. Douglas Adams' The Hitchhikerâs Guide to the Galaxy. Richard Bach's Jonathan Livingston Seagull. James Carse's Finite & Infinite Games. David Whyte's Consolations & Consolations II. Madeleine Green's song discussed by William & Chris. William Greenâs book, âRicher, Wiser, Happierâ â read the reviews of this book. Follow William Green on 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 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) | LinkedIn | Instagram | Facebook | TikTok. 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. Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSSupport our free podcast by supporting our sponsors: â SimpleMiningâ â Hardblockâ â AnchorWatchâ â Fundriseâ â DeleteMeâ â CFI Educationâ â Vantaâ â The Bitcoin Wayâ â Onrampâ â Indeedâ â Shopifyâ HELP US OUT!Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you â we really appreciate it!Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmLearn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
-
In this episode, Clay explores the book Thinking in Bets by Annie Duke, a guide to making better decisions under uncertainty.
Drawing from her career as a professional poker player, Annie shares how to separate decision quality from outcomes and avoid the trap of “resulting.” Clay also discusses how our brains are wired for certainty, why embracing probabilistic thinking leads to better outcomes, and the value of building a truth-seeking support system. Additionally, he uncovers tools like backcasting, premortems, and kill criteria to improve long-term decision-making as investors.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:36 - What it means to “think in bets” and how poker can sharpen decision-making.
05:57 - The concept of “resulting” and how it distorts our ability to evaluate decisions.
08:17 - Why good decisions can still lead to bad outcomes—and vice versa.
09:41 - The role of System 1 vs. System 2 thinking in making better choices.
10:44 - How investing parallels poker with incomplete information and uncertainty.
26:29 - How to build a feedback loop that separates luck from skill.
34:03 - The importance of building a truth-seeking group or “buddy system.”
35:02 - The dangers of confirmation bias and how beliefs are often formed by default.
52:54 - How backcasting and premortems can help map out future decisions.
57:16 - The power of setting kill criteria to avoid emotional decision-making.
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.
Annie Duke’s book: Thinking in Bets.
Mentioned book: Big Mistakes.
Related Episode: TIP623: The Art of Decision Making w/ Annie Duke.
Related Episode: RWH015: Betting Better in Markets and Life w/ Annie Duke.
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.
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) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm -
Perianne Boring and Brian Estes join the show to break down today’s most pressing crypto issues—from rising tariffs and DOJ coin audits to the White House Digital Asset Summit.
They share insights on the evolving market structure, the future of stablecoin legislation, and how Washington is shaping the next phase of digital finance. Plus, a look at Bitbonds, Thank God For Bitcoin, and the under-the-radar trends that could define the next cycle.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:29 - Key takeaways from the White House Digital Asset Summit
05:48 - Where the stablecoin bill stands and what’s holding it up
04:12 - Senator Moreno's legislative roadmap on digital assets
10:27 - Why tariffs are making headlines again and how they affect digital assets
15:17 - Market trends that may be flying under the radar
19:54 - What the DOJ coin audits mean for the crypto industry
28:10 - How the market structure is evolving with increased regulation
35:58 - The future of banking post-stablecoin legislation
43:05 - How Bitbonds could play a role in the next wave of crypto innovation
52:20 - Insights from the film Thank God For Bitcoin
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
ï»żBOOKS AND RESOURCES
Related episode: Making THE Bitcoin Movie w/ Kelly and Brian Estes.
Link to the movie: God Bless Bitcoin.
The Digital Chamber’s Website.
Perianne's X Account.
Brian’s X Account.
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.
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On today’s episode, Kyle Grieve dives deep into Mohnish Pabrai’s The Dhandho Investor, unpacking its nine core principles through vivid case studies and personal reflections to help investors embrace simplicity, asymmetric bets, and the power of cloning proven ideas.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - Why buying an existing business can be a smarter path than starting one from scratch.
11:32 - Profiting from businesses with short-term earnings visibility—and why it matters.
13:07 - The enduring strength and clarity of simple business models.
17:39 - How distressed businesses in troubled industries can become goldmines.
31:46 - Why hidden moats often offer the biggest edge—and how to spot them.
38:08 - The case for concentration: how fewer bets can lead to outsized returns.
50:28 - What modeling Costco reveals about risk, value, and margin of safety.
55:13 - The counterintuitive appeal of low-risk, high-uncertainty investments.
59:13 - How to use the cloning principle to shortcut your search for winners.
01:02:09 - Why your sell strategy should evolve with the quality of the business you own.
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.
Read The Dhando Investor here.
Read The Intelligent Investor by Benjamin Graham here.
Read Richer, Wiser, Happier by William Green here.
Read The Little Book That Beats the Market by Joel Greenblatt here.
Follow Kyle on X 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.
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Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
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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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
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â Indeedâ
â Shopifyâ
HELP US OUT!
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On today’s episode, Clay is joined by Niklas Sävås to discuss the business model of serial acquirers.
A serial acquirer is a company that grows primarily by repeatedly acquiring other businesses as a core part of its strategy. Over the past two decades, many serial acquirers have proven to be profitable investments in the stock market including Constellation Software and Lifco AB. In this episode, Clay and Niklas break down the most important factors to understanding the business model as investors.
Niklas Sävås is a senior equity analyst at Redeye AB where he does extensive research on serial acquirers in the Nordics.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:55 - What a serial acquirer is and why serial acquirers are able to buck conventional thinking on making acquisitions.
08:54 - What the return profile is for serial acquirers in making private acquisitions.
10:35 - Best practices used by successful serial acquirers.
24:49 - Why it’s important to be the buyer of choice as a serial acquirer.
40:18 - The most common challenges that serial acquirers face.
49:01 - The importance of organic growth for serial acquirers.
54:41 - An overview of the Roko IPO.
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.
Check out Redeye.
Investing by the Books Podcast.
REQ Capital Report.
Follow Niklas 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.
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) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
â SimpleMiningâ
â Hardblockâ
â AnchorWatchâ
â Fundriseâ
â DeleteMeâ
â CFI Educationâ
â Vantaâ
â The Bitcoin Wayâ
â Onrampâ
â Indeedâ
â Shopifyâ
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm - Laat meer zien
