We Study Billionaires - The Investors Podcast

IN THIS EPISODE, YOU’LL LEARN: How Jim Rickards felt when he was the principal negotiator for Long Term Capital Management that collapsed in 1998 and lost $4 Billion dollars. Why the current banking situation is worse today than in 2008. Why China is the biggest buyer of gold in the world and why it’s a hedge against US inflation. Why you may want to hold 10% gold in your portfolio. If billionaire Kyle Bass made a mistake by shorting the Chinese Currency. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jim Rickards’ book: The New Case for Gold – Read reviews of this book. Jim Rickards’ website. Jim Rickards’ book: Currency Wars – Read reviews of this book. Roger Lowenstein’s book: When Genius Failed – Read reviews of this book. Nassim Taleb’s book: The Black Swan – Read reviews of this book. Related episode: Jim Rickards (Part I) Central banking, taxes, and crypto - TIP190. Rela

IN THIS EPISODE, YOU’LL LEARN: Why costs are completely inversely correlated with trust in business. Why trusting other people is ultimately your choice no matter past experiences. How to find the right balance between blind trust and mistrust. How building a corporate brand and building trust is essentially the same. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The Speed of Trust website. Stephen Covey’s book, “Speed of Trust: The One Thing That Changes Everything.” 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 financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better sta

IN THIS EPISODE, YOU’LL LEARN: Why leadership is learned and talent is highly overrated. Why the most effective executives audit their time once every quarter. Why the best leader doesn’t make quick decisions. Why Preston and Stig think shouldn’t work more than 40 hours per week. Why meetings are often a vast of time, and what to do about it. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Peter Drucker’s Book: The Effective Executive – Read reviews of this book. Mike Figliuolo’s Book: Lead Inside the Box – Read reviews of this book. 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 financial markets and investing strategies through

IN THIS EPISODE, YOU’LL LEARN: The implication of negative interest rates for banks and bank customers. Why quantitative easing doesn’t work in the current environment. Why focus should be fiscal policy rather than monetary policy. Why central banks works as a clearing house with the intention to avoid bank runs. How a currency becomes worthy of reserve currency status. If the low interest rates implies a new normal for expected stock market returns. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Cullen Roche’s Book: Pragmatic Capitalism – Read reviews of this book. Cullen Roche’s Blog: Pragcap.com. Cullen Roche’s: Top Resource Page. Cullen Roche’s white paper: Understanding Modern Portfolio Construction. Ray Dalio’s White Paper: What Monetary Policy 3 (MP3) Will Look Like. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (c

IN THIS EPISODE, YOU’LL LEARN: Why Oprah turned 40 before she learned how to say no, and why you should practice it now. Why you shouldn’t enter any relationship with the intention to change that person. Why what you fear the most always materialize if you let it cloud your mind. Why you should embrace the truth of your past and let it set you free. Why you should show true gratitude without expecting anything back in 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. Oprah Winfrey’s Book: What I Know for Sure – Read reviews of this book. Raymond Moody’s Book: Life after Life – Read reviews of this book. Gary Zukav’s Book: The Seat of the Soul – Read reviews of this book. Preston’s newest blog post: Why Warren Buffett Hates Gold, But… The Investor’s Podcast Facebook Page. The Investor’s Podcast’s executive summary of the book, What I Know for Sure. NEW TO THE SHOW?

IN THIS EPISODE, YOU’LL LEARN: If the mastermind group wants to invest in Japanese equities. What is the implication of the slump in the oil price on the overall economy? If Silicon Valley is at the peak of a new bubble. If the mastermind group thinks that Stig should sell his position in Exxon Mobile. What we can learn from Warren Buffett’s recent letters to his shareholders. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Tobias’ Investing Site: The Aquirers Multiple. Tobias’ Blog: GreeBackd.com. Tobias’ Book: Deep Value – Read reviews of this book. Tobias’ Book: Quantitative Value – Read reviews of this book. 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

IN THIS EPISODE, YOU’LL LEARN: How the crash of commodities are linked to the strong US dollar. Why the Chinese are pegging their currency to a basket of currencies and not just the US dollar anymore. Whether or not a shift in global power is trending away from the United States. Why the best way to be productive on your job is by not being busy. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Gary Keller’s book, The One Thing – Read reviews of this book. The Investor’s Podcast’s Executive Summary on The One Thing. 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 financial markets and investing strategies through our daily newslette

IN THIS EPISODE, YOU’LL LEARN: What reflexivity is, and how the concept has helped George Soros amass $23B. Why floating currencies like the US dollar are bound to be unstable and ultimately crash. How to value commodities. How to calculate the intrinsic value in international stock markets. If the stock market will return the same in the 21st century as the 20th century. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. George Soro’s book, The Alchemy of Finance – Read reviews of this book. 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 financial markets and investing strategies through our daily newsletter, We Study Markets. Lear

IN THIS EPISODE, YOU’LL LEARN: How Preston’s short position of junk bonds is performing. How any asset is attractive at the right price, and how no asset is attractive at the wrong price. Why value investors should be attentive to credit cycles. How all financial markets are swinging like a pendulum and how to profit from it. Why value investing is like tennis for beginners. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The Investor’s Podcast page executive summary of the book, The Most Important Thing. Howard Mark’s book, The Most Important Thing – Read reviews of this book. Benjamin Graham’s book, Security Analysis – Read reviews of this book. Preston and Stig’s educational stock investing videos: BuffettsBooks.com. 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

IN THIS EPISODE, YOU’LL LEARN: How Nathan plans to go from being a multi-millionaire to become a billionaire in 8 years. Which single powerful sentence billionaire Warren Buffett uses when he is negotiating acquisitions. Why some people become millionaires and others become billionaires. Which job all billionaires had when they were 13 years old. Why investing is about people, and not about the asset. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Nathan’s Podcast: The Top Entrepreneurs in Money, Marketing, Business and Life. Robert Cialdini’s book, Influence – Read reviews of this book. Red McCombs’s book, Big Red – Read reviews of this book. Alice Schroeder’s book, The Snowball – Read reviews of this book. Carol J. Loomis’s book, Tap Dancing to Work – Read reviews of this book. Napoleon Hill’s book, Think and Grow Rich – Read reviews of this book. David Carey’s book, King of

IN THIS EPISODE, YOU’LL LEARN: What has happened to the global stock market cap, and how it moves in cycles. If Preston and Stig has changed their value investing strategy given the current market conditions. Why Preston and Stig doesn’t look at analyst ratings and price targets. How to stick to your strategy when the stock market crashes. How Preston and Stig prioritize which books to read. If the low interest rate justifies a higher P/E ratio. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The Investor’s Podcast’s Executive Summary of Benjamin Franklin. The Investor’s Podcast list of Billionaires’ Favorite Books. Toby Carlisle’s book, Deep Value – Read reviews of this book. Walter Isaacson’s book, Benjamin Franklin – Read reviews of this book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) her

IN THIS EPISODE, YOU’LL LEARN: In which regions the international value investor should look in 2016. Why Meb Faber thinks the US is not in a bubble, but is still overvalued. What the Ivy Portfolio is, and how you can beat the market by investing with the greatest investors in the world. Why the best asset allocators in the world recommend the same asset classes for the optimal portfolio. If Japan is something Meb Faber is looking into after the recent crash in their 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. Meb Faber’s Research on the Stock Market: MebFaber.com. Get a Free Book from Meb, Click Here. Meb Faber’s book, The Ivy Portfolio – Read reviews of this book. Meb Faber’s book, Global Asset Allocation – Read reviews of this book. Meb Faber’s book, Global Value – Read reviews of this book. Meb Faber’s book, Invest with the House – Read reviews of this book.

IN THIS EPISODE, YOU’LL LEARN: Check out our five-page executive summary of the book, How to Win Friends and Influence People. Why a book about personal relationships is perhaps the most important book Warren Buffett has ever read. How and why you should always look at yourself first before you place blame on anyone. How to make other people like you… seriously! Why your intentions should always be sincere, and how they work like a boomerang. How to criticize another person – if you can’t avoid it. Why people will forget what you said, but never how you made them feel. How to become a great leader through personal leadership. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Dale Carnegie’s book, How to Win Friend’s and Influence People – Read reviews of this book. Brian Tracy’s book, Change Your Thinking, Change Your Life – Read reviews of this book. Eric Schmidt’s book, How Goog

IN THIS EPISODE, YOU’LL LEARN: Why hedge fund managers like billionaires George Soros, Stanley Druckenmiller, and Ray Dalio might be the ones to follow instead of Warren Buffett. Why Stig’s primary asset class is equities and which alternative assets Preston pays attention too. Why the price of oil is in the low 30s, and whether or not Preston and Stig have changed their portfolio. accordingly. Which asset allocation strategy Preston and Stig recommend for The Investors Podcast’s audience right now. What went wrong in Iceland, Ireland, Greece, Germany, and the US prior to the financial crisis. 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 our five-page executive summary of the book, Boomerang. Michael Lewis’ book, Boomerang – Read reviews of this book. Preston’s Blog Post, Will the Stock Market Crash in 2016?. NEW TO THE SHOW? Check out our We Study Billionaires Star

IN THIS EPISODE, YOU’LL LEARN: Why everyone considering a career on Wall Street should read this book before their first interview The business model of a broker and trading company like Salomon Brothers How much money Stig made as a commodities trader How Preston thinks traders should be compensated Ask The Investors: Should I invest locally if I live in a small country? 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 our five page executive summary of this book, Liar’s Poker. Michael Lewis’ book, Liar’s Poker – Read reviews of this book Michael Lewis’ book, Flash Boys – Read reviews of this book Michael Lewis’ book, Moneyball – Read reviews of this book Michael Lewis’ book, The Big Short – Read reviews of this book Roger Lowenstein’s book, Buffett: The Making of an American Capitalist – Read reviews of this book Meb Faber’s book, Global Value – Read reviews of

IN THIS EPISODE, YOU’LL LEARN: If the mastermind group is looking to invest in technology companies. If the mastermind group would consider momentum investing combined with value investing. Why Preston is taking a short position in junk bonds. Why baby boomers in Canada might provide you with a unique investing opportunity in the years to come. How to make money on a depreciation of the Japanese currency, and the risks associated with it. 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 financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Daloo

IN THIS EPISODE, YOU’LL LEARN: Why the Chinese Renminbi has emerged as a global currency in the past few weeks. How ECB is trying to spark growth by lowering the deposit rate and extend quantitative easing. What Preston and Stig think will happen if the FED hike rates. What the relationship is between interest rates and asset prices. How Schiller was correct about an investor in 2000 not making any returns over the next 12 years, and how that might be the case today. Why former FED chairman Alan Greenspan added fuel to the fire of the dot-com bubble. How company margins leaves important clues of the past and are interesting predictors of the future. Ask the Investors: What do you think about automated investing services? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Robert Schiller’s book, Irrational Exuberance – Read reviews of this book. Michael Lewis’ book, Liar’s Poker – Rea

IN THIS EPISODE, YOU’LL LEARN: How Warren Buffett already read financial statements when he was kid. Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments. How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him. Why Warren Buffett never replaces management in the companies he acquirers. How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way. Ask the Investors: How do you generate ideas for new stock investments? 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 our five-page executive summary of Buffett: The Making of an American Capitalist. Roger Lowenstein’s book, Buffett: The Making of an American Capitalist – Read reviews of this book. Alice Schroeder’s book, The Snowball – Read reviews of this book. NEW TO

IN THIS EPISODE, YOU’LL LEARN: Why you shouldn’t be worried about companies that uses leverage to buy back shares If excess stock returns found through back testing can be expected to continue in the future Why a back testing strategy is more profitable when combined with a basic strategy Why the optimal stock portfolio might be a combination of momentum and value stocks Why buying Amazon stocks is the same as buying lottery tickets Ask the Investors: How should I position my portfolio if the FED hikes rates? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Patrick O’Shaughnessy’s book, Millennial Money – Read reviews of this book. Billionaire Mark Cuban’s blog post about Share Buybacks. Toby Carlisle’s Book, Deep Value – Read reviews of this book. Toby Carlisle’s Book, Quantitative Value – Read reviews of this book. Stig’s Blog on Momentum Investing. Paul Graham’s book, Hackers

IN THIS EPISODE, YOU’LL LEARN: Why Security Analysis is one of Warren Buffett’s three favorite books Real case studies where Warren Buffett has directly applied skills acquired from Security Analysis The highlights for each of the 7 major parts in Security Analysis The difference in opinion between Benjamin Graham and Warren Buffett when it comes to dividends 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 & Stig’s book, Security Analysis (100 Page Summary) – Read reviews of this book. Benjamin Graham’s book, Security Analysis – Read reviews of this book. Benjamin Graham’s book, The Intelligent Investor – Read reviews of this book. Philip Fisher’s book, Common Stocks and Uncommon Profits – Read reviews of this book. Adam Smith’s book, The Wealth of Nations – Read reviews of this book. Preston and Stig’s, Video Lessons. NEW TO THE SHOW? Check out our We Study Billionaire