We Study Billionaires - The Investors Podcast

Ed Harrison is an expert in investment banking and is an incredible host at Real Vision where he conducts some of the most exclusive discussions with the world’s most influential thinkers in finance. On today's show, he talks about the current market conditions and various investment ideas in the third quarter of 2020. IN THIS EPISODE, YOU’LL LEARN: How the low yield has changed the investment thesis for growth and value investors. What is the optimal investing strategy dependent on your view on the COVID-19 vaccine. What the dollar index is indicating for investors right now. The difference and similarities of the US and European economies. Whether the Euro and other international currencies are positioned to replace the US dollar as the main global reserve currency. Ask The Investors: Will bond investors rush into stocks given the low interest rate?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other co

John Huber, managing partner at Sabre Capital Management joins Preston Pysh and Stig Brodersen to discuss identify high-quality businesses. IN THIS EPISODE, YOU’LL LEARN: How to identify high-quality businesses and their moat. How to make growth assumptions for your stock picks. Why the vast majority of losses in the stock market come from picking the wrong business and not picking the wrong valuation on the right business.  How is the COVID-19 crisis different and similar to other crises in the stock market?   Ask The Investors: Should I borrow money and buy a real asset if I think we will see massive inflation? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s interview with John Huber about the intrinsic value of Facebook. John Huber’s company, Saber Capital. John Huber’s value investing blog. Preston and Stig’s free value investing forum. Jeremy Siegel’s, Sto

Lyn Alden, Luke Gromen, and Jeff Booth are some of the best economic thinkers in the world right now. For the 3Q of 2020 macro mastermind discussion, they discuss what’s happening in the world right now. IN THIS EPISODE, YOU’LL LEARN: Whether we will see a return of the liquidity crisis in the USD. Whether we have another currency that can replace the USD as the global reserve currency. Whether the world will continue to exponentially expand the global aggregated monetary baseline. Why some companies are putting bitcoin on their balance sheet. Ask the Investors: Can the national debt be inflated away?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s interview with Luke Gromen and Grant Williams about global macro. Preston and Stig’s interview with Lyn Alden about global macro Contact Lyn Alden on Twitter. Lyn Alden’s website. Jeff Booth’s book, The Price of Tom

This week, Preston and Stig has a mastermind discussion with Tobias Carlisle and Hari Ramachandra where they discuss intrinsic value of selected companies IN THIS EPISODE, YOU’LL LEARN: What is the intrinsic value of Alphabet Inc.? What is the intrinsic value of Berkshire Hathaway? What is the intrinsic value of E-Trade? What is the intrinsic value of Brookfield Property REIT? How Warren Buffett made his greatest trade ever . Ask The Investors: How can a stock price increase after it has been diluted?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Mastermind Discussion Q2 2020. Preston and Stig’s FREE resource, Intrinsic Value Index. Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments. Database with super investors’ investments, Dataroma. Tobias Carlisle’s podcast, The Acquires Podcast. Tobias Carlisle’s ETF, ZIG. Tobias Carlisle’s ETF, Deep. Hari’s Blog: BitsB

We talk to Ian Formigle about the structural and infrastructure impacts for all types of real estate that COVID is having and what to expect moving forward. IN THIS EPISODE, YOU’LL LEARN: How has COVID-19 changed the commercial real estate market? Why you can have the right idea, but the wrong execution in the current market conditions. How to find value in megatrends in commercial estate in 2020 and beyond.  Why commercial real estate fits into a value investor’s portfolio in volatile markets. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Contact Ian Formigle’s directly on LinkedIn. Ian Formigle’ company, CrowdStreet. CrowdStreet’s free Educational Material. Learn from Ian Formigle directly on StreetBeats. Ian Formigle’s book, The Comprehensive Guide to Commercial Real Estate Investing – Read reviews of this book. Preston and Stig’s previous interview with Ian Formigle about C

Niels Kaastrup-Larsen implemented a trend following approach to investing. Through this episode, we discuss the specifics of this style of investing and how it’s so different than all the other styles we’ve ever covered in the past.  IN THIS EPISODE, YOU’LL LEARN: Why should you have trend following in a diversified portfolio?  Why trend following and value investing complement each other well. How to follow a rule-based strategy and when you should change your rules. Why the best trend following sector is commodities. Why trend following is interesting at this point in time of the interest rate cycle. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Niels Kaastrup-Larsen's free guide and free book about trend following. Listen to Niels Kaastrup-Larsen’s popular podcast, Top Traders Unplugged. Niels Kaastrup-Larsen’s interview episode with Preston about the failure of the dollar. H

Cullen Roche talks about the current market conditions and various trade ideas for navigating this landscape.  Cullen has managed hundreds of millions of dollars for the past two decades. He is the founder of Pragmatic Capitalism, the author of multiple investing books, and a regular guest on Bloomberg and major financial news outlets.  IN THIS EPISODE, YOU’LL LEARN: The main advantage of centralized currencies. Why the risk of inflation is more likely to come from the Treasury than from the Federal Reserve. Why growth stocks typically perform better in a low inflation environment and value stocks perform better in a high inflation environment. Where to find value in international equities. How should investors navigate the current market conditions?  Ask The Investors: What is the relationship between inflation, interest rates, and house prices?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other communi

Kiyan Zandiyeh is the Chief Investment Officer for Sturgeon Capital. He has extensive experience with early-stage business and pioneer investing. Throughout the show, we talk about different countries and how to assess equities inside of those countries. IN THIS EPISODE, YOU’LL LEARN: How to invest in frontier markets from A-Z. Why frontier market investing should have a place in any well-diversified portfolio.  How to assess the political and currency risk of a country.  How to do boots-on-the-ground-research and understanding lollapalooza effects.  Why Uzbekistan is the most interesting frontier market right now.  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Sturgeon Capital’s website. Learn more about Sturgeon Capital’s Uzbekistan Growth Equity Fund. Tweet directly to Sturgeon Capital. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all

George Gammon talks about the structural impact that COVID is having on the American real estate market and infrastructure. IN THIS EPISODE YOU’LL LEARN: What COVID is doing to residential real estate in major cities. What COVID is doing to the infrastructure for colleges & commercial real estate. FANG Stocks & central banking policy. Ray Dalio's thoughts on the limits of central banking policy. Ray Dalio's thoughts on where people need to be positioned based on policy. Jeff Gundlach's opinions on a V shaped recover. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Market Wizards Books by Jack Schwagger George Gammon's Website. George Gammon's Twitter. Jeff Snyder Twitter. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: 

Stig and Preston talk about the current market conditions and what kind of investments they think will perform in such a challenging environment. They talk about two different specific stock picks that have good valuations and good momentum characteristics. IN THIS EPISODE YOU’LL LEARN: How Preston and Stig’s valuation process has changed since they started We Study Billionaires in 2014. How moats in the 21st century are different than in the 20th century. Why a gold standard is inflationary. How to invest in without sound money. Ask The Investors: How do you validate and find unbiased information?   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Subscribe to our newsletters about the current market conditions. Preston and Stig’s interview with Lyn Alden about investing in chaotic times.  Preston and Stig’s interview with Jeff Booth about inflationary and deflationary forces. Pre

Lyn Alden talks about how discount rates have changed, how investors should be thinking about risk-free rates, investing in nominal terms versus buying power terms, and more. Lyn has been in the investment research space for more than 15 years, and she’s a contributor to major publications like Forbes, Business Insider, CNBC, and many others. IN THIS EPISODE YOU’LL LEARN: How money is printed and why it has changed. What is the role of swap lines during the COVID-19? Why you should use the expected inflation rate in money supply as your discount rate.  Why the stock market truly peaked in 2018 and not when it reached an all-time high in 2020. Ask the Investors: Is China the next empire?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Contact Lyn Alden on Twitter. Lyn Alden’s website. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our epis

Arif Karim talks about how he has adjusted his portfolio based on the impacts of COVID-19. He provides an intrinsic value pitch for the fascinating medical technology company, Intuitive Surgical. Arif is the senior investment analyst from Ensemble Capital Management. IN THIS EPISODE YOU’LL LEARN: How to manage your portfolio during COVID-19. How to profit from secular trends. How to value a high growth company. What is the intrinsic value of Intuitive Surgical? Ask the Investors: Why is the economy not the stock market?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Arif Karim’s company, Ensemble Capital. Ensemble Capital’s educational blog. Ensemble Capital’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 picking stock winners and managing our portfolios: TIP Fin

Preston Pysh and Stig Broderson talk to Grant Williams, the co-founder of Real Vision TV and the popular website, Things That Make You Go Hmmm, and Luke Gromen, the founder of the research firm, Forest for the Trees.  IN THIS EPISODE YOU’LL LEARN: How can the US continue printing dollars without the dollar significantly weakening? Which role the treasury market has in the geopolitical situation between the US and China? Whether the US could end up like the Weimar Republic or Venezuela.  Why is gold not going higher despite the excessive money printing.  The difference between the gold and the bitcoin market and what the indicators tell us. Ask The Investors: Why don’t more companies issue shares when its stock trades at all-time high?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s previous interview with Luke Gromen about the Stock Market Melt-up. Luke Gromen’s

On this episode, Preston and Stig do a current market update. They cover corporate debt and the Fed. IN THIS EPISODE, YOU’LL LEARN: Why the FED buying corporate debt is distorting the capitalist system.  What is the relationship between money supply, price inflation, and inflated assets? How to invest internationally. Why European big tech companies can’t compete with US and Asia counterparts. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Lyn Alden’s article about the stock market performance based on CAPE ratios. Join Preston and Stig’s investing discussions on the TIP forum.  NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on fina

On today's show Preston and Stig are Joined with Tobias Carlisle and Hari Ramachandra to pitch their favorite stock picks for the 2nd quarter of 2020.  IN THIS EPISODE, YOU'LL LEARN: What is the intrinsic value of Berkshire Hathaway? What is the intrinsic value of Markel?  What is the competitive advantage of eBay and what is the intrinsic value?  Why Spotify might be undervalued at a $30B valuation even though it’s not making any money ·Ask The Investors: How are Preston and Stig managing their stock portfolios?   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s tool for stock selection and determining the momentum of all US stocks and ETFs, TIP Finance.   Mastermind Discussion Q1 2020. Preston and Stig’s FREE resource, Intrinsic Value Index. Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments. Database of what super investors’ invest in, Data

On today's show, Preston and Stig have a second part episode cover the Berkshire Hathaway Shareholders Meeting for 2020 (part 2). IN THIS EPISODE, YOU'LL LEARN: Will Berkshire Hathaway outperform S&P500?  What are the inflationary and deflationary risks for Berkshire Hathaway’s capital intensive businesses? Why didn’t Buffett repurchase more Berkshire Hathaway stocks so far in the corona crisis? Can the US government default on its bonds?  Ask The Investors: When do you sell your profitable stocks?   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.    Preston and Stig’s first episode about the 2020 Berkshire Hathaway Shareholder’s Meeting. Preston and Stig’s interview

On today's show, Preston and Stig cover the Berkshire Hathaway Shareholders Meeting for 2020 (part 1). IN THIS EPISODE, YOU'LL LEARN: Why did Warren Buffett sell his airline stocks?  Whether Warren Buffett recommends that retail investors buy stocks now?  Why Berkshire Hathaway hasn’t acted more in the financial markets during the corona crisis so far. How does Warren Buffett allocate capital across Berkshire Hathaway. Ask The Investors: What does “cash is trash” mean? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.    Preston and Stig’s interview with Jeff Booth about inflation and deflation. Peter Diamandis and Steven Kotler’s book, The Future Is Faster Than You Thi

On today's show, Preston and Stig talk about the current market conditions in May 2020. Currently, the stock market continues to rise after record-breaking unemployment and intense government stimulus.   IN THIS EPISODE, YOU'LL LEARN: What is happening in the stock market right now. How Preston and Stig are positioned in the market. Whether the US is falling into the same liquidity trap as Japan. Pros and cons of fiat currencies. Stock market similarities and differences to 1929. Ask The Investors: How do I avoid catching a falling knife. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US. Subscribe to our newsletters about the current market conditions Link to Preston’s

On today's show, we talk to entrepreneur and value investing legend, Mohnish Pabrai. Mohnish is the founder of Pabrai Investment Funds and has outperformed the S&P500 for two decades.   IN THIS EPISODE, YOU'LL LEARN: How Mohnish Pabrai thinks about biases. Why and how Mohnish Pabrai uses his checklist in stock investing. How has the shorter tenure of stock in S&P500 made Mohnish think of compounders. Why Mohnish started Dakshana foundation. How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Mohnish Pabrai's Reading List. Learn more about Mohnish Pabrai’s Dakshana Foundation. Mohnish Pabrai’s website. Larry Cunningham’s book, The Essays of Warren Buffett – Read reviews of this book.  Mohnish Pabrai's book: The Dhandho Investor. Discover CMC Markets, the ultimate platform for onl

On today's show, we talk to entrepreneur and best selling author, Jeff Booth. Jeff is the author of, The Price Of Tomorrow, which is a book about why deflation is the key to an abundant future.   IN THIS EPISODE, YOU'LL LEARN: Why we have too much debt and not enough growth in the world. Why we need monetary policies deflation on a global scale. Why we won’t have a new Bretton Woods. Why technology is massive deflationary. Why and how to invest in businesses that have the best networking effect. Ask The Investors: What does the low interest rate mean to us as consumers? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jeff Booth’s book, The Price of Tomorrow – Read reviews of this book . Tweet directly to Jeff Booth. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking