We Study Billionaires - The Investors Podcast

IN THIS EPISODE, YOU’LL LEARN: 12:25 - The different methods for stock investing valuations. 13:43 - The difference between investors and speculators. 21:35 - When you should hold short term and long term bonds. 40:04 - How to counteract risk in your portfolio. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Seth Klarman’s book, Margin of Safety – Read reviews of this book. Preston and Stig’s podcast episode on The Intelligent Investor. Preston and Stig’s interview with Investing Legend Bill Miller. New to the show? Check out our We Study Billionaires Starter Packs. SPONSORS Support our free podcast by supporting our sponsors: SimpleMining Hardblock AnchorWatch Human Rights Foundation Unchained Vanta Shopify Onramp HELP US OUT! What do you love about our podcast? H

Stig Brodersen chats with Guy Spier. Guy Spier has had a profound impact on the value investing community. As with Warren Buffett, many investors first find Guy Spier to learn how to invest. But while you might come for the investing lessons, you stay for the life lessons. IN THIS EPISODE, YOU'LL LEARN: 02:13 - How to use envy as a positive force in your life. 09:43 - Which idea that Guy Spier had to let go of in his evolution as a value investor. 15:03 - Why Guy Spier thinks that Charlie Munger is right and wrong about bitcoin being rat poison. 15:49 - How to know which habits to clone and which not from heroes like Charlie Munger. 25:29 - Why you can be a value investor and invest in bitcoin.  40:05 - How to struggle well in life and investing? 54:29 - How does the shorter tenure in the S&P500 change how Guy Spier thinks about compounders. 01:00:09 - Which investing knowledge Guy Spier would like to acquire if it didn’t require any time. 01:07:19 - Why the best way to achieve success is to deserve

Trey Lockerbie sits down with Eddy Elfenbein. Eddy is the founder of Crossing Wall Street, which is a financial blog that’s been running for 17 years. He’s also the portfolio manager for an ETF based on his Buylist that he releases once per year. Interestingly enough, the list holds 25 stocks and is only rebalanced or changed at the end of the year. The buy list has beaten the S&P 500 by 61% since inception.  IN THIS EPISODE, YOU'LL LEARN: 08:40 - How Eddy thinks through selling and rebalancing the portfolio. 18:11 - What’s on the buy list for 2022 and what does it take to qualify to make it onto the list. 41:14 - Eddy’s thoughts on the recent jobs numbers and markets today. 48:51 - Individual companies that stood out to Trey in the list, and also Eddy’s top pick. And much much more! *Disclaimer: Slight timestamp discrepancies 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, C

   IN THIS EPISODE, YOU’LL LEARN: 01:09 - What was the ah ha moment for Stephan in Bitcoin? 05:35 - What does Stephan think most people miss about the tech on Bitcoin? 16:39 - Stephan’s thoughts on lightning Tech. 30:48 - What kind of attack or vulnerability does Stephan think is most concerning for Bitcoin? 40:43 - How does Stephan see regulation playing out in the near future? 47:03 - DLCs and stable coins happening on Bitcoin. 1:02:08 - Stephan’s thoughts on growth deflation. 1:05:07 - Favorite Books. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Stephan Livera's Twitter. Stephan's Podcast. Deep Work by Cal Newport. The Ethics of Money Production by Guido Hülsmann. New to the show? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with

IN THIS EPISODE, YOU'LL LEARN: 01:10 - Who is Tony Robbins and what is his book “MONEY – Master the Game” all about? 12:03 - Common financial myths. 46:29 - The best advice from billionaires. 58:49 - What do billionaires all have in common? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Our interview with Tony Robbins - We Study Billionaires Episode 210. Check out our five-page executive summary of the book, Money: Master the Game. Tony Robbins’ book, Money: Master the Game – Read reviews of this book. Tony Robbins’ book, Unlimited Power – Read reviews of this book. Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool. New to the show? Check out our We Study Billionaires Starter Packs. SPONSORS Support our free podcast by supporting our s

Trey Lockerbie sits down with Ph.D. economist, author and fund manager, Daniel Lacalle to get his forecast for 2022.  IN THIS EPISODE, YOU'LL LEARN: 01:29 - The ongoing developments from Omicron. 08:58 - Which industries are most at risk. 10:19 - Differences between the US and the Eurozone on many fronts. 13:06 - The recent announcements from the US Fed. 28:46 - Daniel’s forecast for inflation. 33:01 - The future of ESG companies and the skepticism surrounding them. And much much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Daniel Lacalle's Blog. Daniel Lacalle's Twitter. Daniel Lacalle's Website. Trey Lockerbie's Twitter. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for

Trey sits down with investigative journalist and author, Christopher Leonard. Chris wrote a New York Times bestselling book called Kochland, which profiles billionaire Charles Koch and Koch Industries. He’s also the author of a new book, entitled The Lords of Easy Money - How the Federal Reserve Broke the American Economy.  IN THIS EPISODE, YOU'LL LEARN: 03:40 - The origins of Koch Industries and how Charles rose to his billionaire status. 05:37 - The operating system of Koch Industries, known as Market Based Management. 15:08 - Charles Koch’s legacy and his mysterious operations behind closed doors. 27:14 - The origins of the Federal Reserve and how it operates. 31:21 - Actions taken by the FED since the GFC that have resulted in a very challenging predicament for the world's economy. 31:46 - The untold story of Thomas Hoenig, a director at the FED, who was the sole opposing vote to the early FED initiatives following the GFC, which resulted in a severely damaged reputation that Christopher aims to re

IN THIS EPISODE, YOU’LL LEARN: 01:22 - Nic's general thoughts on the fundamental health of Bitcoin. 25:29 - Politically how Nic sees the digital asset space progressing. 25:29 - Global politics and what's happening with stable coins in Myan Mar. 38:25 - Nic's thoughts on the Chivo Wallet in El Salvador. 43:02 - What are Nic's thoughts on Ethereum? 57:15 - How does Nic think about the centralization of mining in Bitcoin? 1:00:40 - Jack Dorsey's recent comments on Web 3.0 and VCs having a conflict of interest. 1:02:47 - The fixed income market and inflation. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. All of Nic Carter's Articles. Nic's Podcast appearances on other platforms. Notable Essays that Nic has written. Nic's merchandise. Nic's VC firm. New to the show? Check out our We

IN THIS EPISODE, YOU'LL LEARN: 14:14 - Why you can have anything but not everything in life. 28:17 - Ray Dalio’s 5-step process to achieve your goals in life. 33:28 - Why 15 uncorrelated bets is the holy grail of investing. 49:46 - The personal advice Ray Dalio gave to Preston. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Ray Dalio’s book, Principles – Read reviews of this book. Ray Dalio’s book Principles for Dealing with The Changing World Order. Ray Dalio’s YouTube talk on How the Economic Machine Works. William Green’s conversation with Ray Dalio - The Changing World Order with Ray Dalio. New to the show? Check out our We Study Billionaires Starter Packs. SPONSORS Support our free podcast by supporting our sponsors: SimpleMining Hardblock AnchorWatch Human Rights Foun

Our new co-host, William Green, interviews Ray Dalio, the legendary founder of the world’s largest hedge fund, Bridgewater Associates. Dalio explains how to position ourselves to survive and thrive in changing world order. IN THIS EPISODE, YOU'LL LEARN: 5:06 - Why Dalio believes the U.S. is in danger of a dramatic and turbulent decline. 11:23 - How China is rapidly rising to become the world’s dominant power. 30:30 - Why Dalio warns that cash and bonds are terrible bets in today’s environment. 39:48 - Why Dalio views diversification as “the most important thing”. 41:52 - Is Bitcoin a speculative craze or a smart hedge against inflation? 1:04:57 - How to succeed by being “radically truthful”. 1:16:21 - How a disastrous mistake turned into one of the best experiences of Dalio’s life. 1:23:44 - How meditation has strengthened Dalio’s creativity, equanimity, and resilience. 1:34:45 - What Dalio has learned from the devastating loss of his son. 1:37:42 - Why Dalio’s faith in the power of evolution makes

Trey Lockerbie shares his top takeaways from some of his conversations throughout 2021. He had the great privilege to learn from some of the greatest minds in finance, business, and investing which he is very grateful for. People like Howard Marks, Jeremy Grantham, Joel Greenblatt, Kyle Bass, Chamath Palihapitiya, Jim Collins and so many more.  IN THIS EPISODE, YOU’LL LEARN: 01:15 - Chain-weighted inflation with Kyle Bass. 04:48 - Hyperinflation in the US with Morgan Housel. 08:44 - High Growth Companies with Brian Feroldi. 12:10 - Howard Marks on Price & Valuation. 17:39 - Chamath Palihapitiya on Value. 19:51 - Tom Gayner on Assessing Management Team. 36:50 - Jeremy Grantham on Fed's limits. 01:00:50 - Definitions of Risk. and much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Tre

IN THIS EPISODE, YOU’LL LEARN: 01:28 - How Mauricio and Adam first met. 03:38 - Mauricio's experience with hyperinflation in Venezuela. 08:09 - Why Build Ledn and what's its value to the market. 11:50 - How Ledn assist borrowers with Real Estate down payments. 14:49 - Why would a person pay such a high-interest rate? 18:06 - How individuals can use reverse loans on Real Estate to buy Bitcoin. 26:45 - How does the custody of the collateral work? 28:22 - Why use USDC versus Tether. 32:46 - What's the growth in the borrowing and lending space look like. 36:12 - How does the appraisal of the real estate value work? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Follow Mauricio and Adam on Twitter. Check out their company Ledn. New to the show? Check out our We Study Billionaires Starter Pac

Trey speaks to Marc Bell who says “not so fast..” Marc is the Chairman, CEO, and Co-Founder of Terran Orbital. Marc is an extremely accomplished individual, who is about to realize his 5th unicorn company, meaning a company valued over $1B. IN THIS EPISODE, YOU’LL LEARN: 01:55 - Terran’s fundamentals. 11:36 - Key differences in the technology of the satellites in play. 18:51 - The competitive landscape of the Earth Observation as a service industry. 31:51 - Why Terran is choosing to go public through a SPAC merger. 46:33 - A look into the team behind Terran and also the SPAC Sponsor team. 53:20 - Marc's experience as a private investor and much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Marc Bell's Website Marc Bell's Twitter Terran Orbital's Website Trey Lockerbie Twitter.

Trey Lockerbie explores the evolution of Quant investing with Jonathan Briggs. Jonathan holds a Ph.D. in Mechanical Engineering and Applied Mechanics from UPenn and has had a long career of researching and developing investing techniques for pension funds, such as the CPP Investment Board. He is now CIO of his own fund, Delphia, where they are implementing techniques developed from his research.  IN THIS EPISODE, YOU’LL LEARN: 08:16 - The basics of quant investing. 15:54 - The commoditization of the approach has led to a “Quant Winter”. 18:52 - How size and scale applies to the strategies. 47:39 - How machine learning is playing a bigger role in the quant approach. 1:02:03 - The economic framework Jonathan has devised after decades of research. And much much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other

IN THIS EPISODE, YOU’LL LEARN: 00:51 - What gave Saifedean the idea for the new book. 04:15 - What are the four key elements of how the Fiat system works? 10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy. 15:39 - Inflation is a vector - what does that mean? 24:27 - How has fiat corrupted the existing incentives in food, academia and other areas? 36:19 - What is the shadow banking system? 37:59 - What's the purpose of the IMF? 58:10 - How does fiat mess with economic calculation? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Buy The Fiat Standard on Amazon. Buy the Bitcoin Standard on Amazon. Dr. Saifedean Ammous Twitter. Dr. Ammous's podcast and website. New to the show? Check out our We Study Billionaires Starter Packs. Browse through all

Trey Lockerbie discussed Special Situations with Thomas Braziel. Thomas was recommended by multiple guests because of his Sherlock Holmes approach to finding buried treasure (sometimes literally) types of opportunities. Thomas is not your average investor. They explore a lot of unique topics and it's guaranteed you will learn a ton. One quick caveat: Trey was recording from Costa Rica, Thomas was in London, so the audio quality had tiny glitches along the way. Please bear with us because the substance of the conversation is fantastic. And with that, please enjoy a very unique approach from the humble and kind, Thomas Braziel.  IN THIS EPISODE, YOU’LL LEARN: 01:41 - What investing in Special Situations looks like. 03:34 - Investing in bankruptcies, liens, and other esoteric situations. 11:24 - How Thomas turned $7k into over $1MM by finding an important footnote on a penny stock company. 31:09 - Learnings from Billionaire Sam Zell and others.  43:25 - Thomas’ epic 40x return from investing in claims from

Trey Lockerbie explores some interesting topics around fintech, entrepreneurship, and the pitfalls of crowdfunding with Ryan Caldbeck. Ryan is the founder and Chairman of CircleUp, a platform that set out to democratize investing, but ultimately pivoted away to a different model. They discuss why.  IN THIS EPISODE, YOU’LL LEARN: 2:39 - Insights into building your own board, team, and cap table. 4:27 - The traditional path and alluring appeal of becoming an institutional investor, but also what it lacks. 8:58 - Leadership techniques Ryan learned from Coach K, the famous basketball coach at Duke University, while he was on the basketball team. 22:38 - The hidden misalignments of incentives in the crowdfunding space. 26:33 - How investors can protect themselves while considering crowdfunding deals. 58:40 - The future of fintech and web3. And a whole lot more. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermin

IN THIS EPISODE, YOU’LL LEARN: 03:01 - Does Bitcoin have any intrinsic value? 07:01 - Bitcoin uses too much energy consumption. 19:47 - Governments can kill Bitcoin. 30:50 - Bitcoin looks and feels like a bubble. 34:14 - Bitcoin is too volatile. 36:33 - Bitcoin is manipulated. 37:38 - Regulation in the coming year. 52:36 - What is the lightning network? 57:41 - Alt Coins are everywhere, why does Bitcoin win. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Dan Held's twitter Dan Held's newsletter If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp Si

Trey Lockerbie chats with the very fun, Joe Brown of Heresy Financial. Joe is most known for his youtube channel, providing entertaining videos on a wide range of financial topics. Joe is a wealth of knowledge and provides an amazing framework for thinking through the current economic landscape. Please enjoy this wide-ranging discussion with Joe Brown.  IN THIS EPISODE, YOU’LL LEARN: 03:16 - The history of money and how we’ve arrived at the monetary landscape we have today. 32:32 - The playbook the FED might use in the event of a debt default. 38:22 - The current labor shortage. 49:21 - The velocity of money and how it’s misunderstood. 51:41 - A deep dive on Central Bank Digital Currencies.  01:08:28 - Farmland exposure. and much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. He

IN THIS EPISODE, YOU’LL LEARN: 17:45 - Learnings from Peter Thiel and Mark Cuban 19:28 - Why you should consider wine in your portfolio 22:50 - The basics of wine itself and what separates a “fine wine” from all the rest 27:22 - The biggest risks to the wine industry 38:58 - How to build a portfolio of wine, or simply invest in a wine index 56:26 - How to impress your significant other next time you’re at dinner or the wine shop and more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Vinovest's website. Anthony Zhang's Twitter. The Billionaires Vinegar's book. 15 commitments in Conscious Leadership's book. Sourgrapes' movie. Trey Lockerbie's Twitter. Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool. If you're new to the show and do