We Study Billionaires - The Investors Podcast

On today's show, we talk to Dr. Wesley Gray about artificial intelligence and the impact on the finance industry. IN THIS EPISODE YOU’LL LEARN: Why artificial intelligence has so far shown no evidence of consistently outperforming the stock market How to factor in volatility in your momentum strategy How to include value in your momentum strategy Why the market is signaling that we won’t have conventional inflation in the time to come BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Download your free audio book at Audible. Find the best job candidate at Ziprecruiter. Create original investment research with INVRS. Move your business to the cloud with Netsuite. Solve your long list of must-reads with Blinkist. Send money overseas without being short-changed with WorldFirst. Dr. Wesley Gray’s website: Alpha Architect Dr. Wesley Gray’s book: Quantitative Momentum – Read Reviews f

On today's show, we get the rare opportunity to interview one of our heroes, Tony Robbins. Tony is an American Entrepreneur and NY Times Best Selling Author of multiple books. During our discussion, we talk about Tony’s book Unshakeable and Money Master The Game. Additionally, we talk to Tony about the things that matter most, which is how a person can find their higher purpose, how to accomplish the things people want to master, and most importantly, how to have a real impact.  IN THIS EPISODE YOU’LL LEARN: Why investors in 401(k) plans put up 100% of the capital, take on 100% of the risk, and only 33% of the return. Why business and life are all about adding value. Why you should plant your seeds when you have nothing, to gain abundance in business and life.  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Tony Robbins’ book, Unshakeable. Related Episode: Listen to Preston and Stig

On today’s show, we are going to be covering billionaire Bill Gates. As many people know, Mr. Gates is the co-founder of Microsoft and he now runs the largest non-profit in the entire world.  IN THIS EPISODE YOU’LL LEARN: How much you can attribute luck to Bill Gates’ success How Bill Gates stays focused and motivated  How much money Bill Gates is giving away and why Which tech products that will be developed over the next 15 years Ask The Investors: Is it a problem that we have fewer and fewer listed 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. Related Episode: Listen to Preston and Stig’s discussion of Jim Collins’ book, From Good to Great or watch the video here. Related Episode: Listen to Preston and Stig’s discussion, “Idea Man” by Microsoft co-founder, Paul Allen or watch the video here. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Brow

On today’s show we are going to be covering billionaire Mark Cuban. After being fired from his first job, Mark started his own company called Micro Solutions. Within a decade, Mark sold the company for 6 million dollars and started a second business that streamed college sports over the internet. Within another decade, Mark sold Broadcast.com for 5.7 billion to Yahoo! During our show, we play some interesting questions that Mark has been asked about his time as an entrepreneur.  IN THIS EPISODE YOU’LL LEARN: Why Mark Cuban believes sales is the most underrated skill in business Why Mark Cuban invested every penny, he had into a put option after he sold his company to Yahoo! Why Mark Cuban thinks you shouldn’t raise capital if you’re an entrepreneur Why Mark Cuban wants you to consider if you’re adding or reducing stress? Ask The Investors: Is the stock market a zero-sum game?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig

On today's show we have Richard Duncan. Richard has worked for the IMF and World Bank and is an expert on monetary policy. During the show we talk about the impact of tariffs and the escalating trade war with China. IN THIS EPISODE YOU’LL LEARN: Why the trade war might be turning point in history.  How China is manipulating their currency. Why and how the Chinese are going to retaliate in the trade war. Why the US government might choose to talk about tariff rather than impose tariffs. Why the US government debt might not be a problem for the economy.  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Richard Duncan’s Macro Economics site “Macro Watch.” Use the Coupon code “TIP” to get 50% of your annual subscription. Richard Duncan’s book, The Dollar Crisis – Read reviews here. Richard Duncan’s book, The New Depression – Read reviews here. NEW TO THE SHOW? Check out our We Stud

On today’s show, we have assembled our mastermind group for the 3rd quarter of 2018. At the start of 2018, the US Stock market experienced a 10% correction. But since that time, equities have had a strong comeback and are now considered the longest running bull market in the history of the NY Stock Exchange. The members participating on today’s show are Tobias Carlisle, Hari Ramachandra, Stig, and Preston.  IN THIS EPISODE YOU’LL LEARN: The group’s intrinsic value assessment of $GOOG, $FB, $HRB, and PPC. How to assess the intrinsic value of growth stocks like Google and Facebook. If Pilgrim’s Pride is at the top of it’s business cycle or just trading at a very attractive price. If H&B is a good dividend stock.  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 Carlisle’s new book, The Acquirer’s Multiple – read reviews of this book. Tobias Carlisle’s Acquirer’s Multiple stock s

On today’s show we bring back our good friend, Jesse Felder. Jesse is a former multi-billion dollar hedge fund manager out of Santa Monica California. Jesse is regularly featured on the Wall Street Journal, Barron’s, and many other national level business outlets. We start off the discussion talking about gold and what lies ahead. As the show progresses we talk about the tariffs and the impact on the US Dollar. We talk Fang, we talk Elon Musk, and much more. IN THIS EPISODE YOU’LL LEARN: Why the price of gold has dropped recently and why now might be the time to take a position. Why a long time horizon is not a guarantee for good results in the stock market. How macro is important but never should be the reason not to take a stock pick. How to find investing opportunities in owner-operated companies that are systematically ignored by the indexes. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community

On today's episode we talking to Dr. Richard Smith. Smith is an expert at momentum investing and is the founder of the popular investing website, TradeStops. During the discussion Dr. Smith talks about the current market conditions and which industries might perform the best for the rest of 2018. IN THIS EPISODE YOU’LL LEARN: Why you should use a moving average in your trading strategy Why there is price momentum is energy and small-cap stocks right now How to think about volatility and position size Why Warren Buffett is buying more stock in Apple and why you should use the same investing principle BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Learn more about Richard Smith and his Trading Tools. Richard Smith’s blog. Join Preston and Dr. Richard Smith for the live Q&A on YouTube 22 August 10 pm EST. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse

On today’s show we are talking about the famous Chinese billionaire, Jack Ma. Jack’s personal net worth is is around 42 billion dollars. He’s the founder and executive chairman of the Alibaba Group.  In 2017, he was ranked 2nd for the World’s greatest leaders by Fortune Magazine. During the discussion we play some interesting Q&A's Jack has been a part of during the past two years. IN THIS EPISODE YOU’LL LEARN: How Alibaba is an E-commerce enabler like Google. Why it’s always the same reasons people fail. The story of trade unions and pros and cons of removing tariffs and quotas. Ask The Investors: How do you evaluate the performance of managements when investing in a stock?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Related Episode: Listen to Preston and Stig’s discussion of Daymond John’s book, The Power of Broke or watch video here. Related Episode: Listen to Preston and St

On today's show, we learn about investing in the renewable energy market. Today's guest is Bryan Birsic and he's the founder of Wunder Capital. His company invests over $100M in the renewable energy market and has a deep understanding of how the market might progress in the future. IN THIS EPISODE YOU’LL LEARN: How do renewables do as an investment during a recession? What are the bull and the bear case for investors in renewables? Why are electricity prices so volatile, and why are they sometimes negative? What would happen if we took away all subsidies in renewables?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Bryan Birsic’s company, Wunder Capital. The Energy Gang Podcast. The Energy Transition Show Podcast. Rocky Mountain Institute. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here.

On today's show, we learn about the biggest mistakes that legendary investors have made throughout their career. Our guest, Michael Batnick, recently wrote a book on this topic and provides insights from what he learned. Michael is often featured on CNBC and Bloomberg and he is the Director of Research at Ritholtz Wealth Management. IN THIS EPISODE YOU’LL LEARN: Why you shouldn’t talk about your investments. Why Jesse Livermore is the most quoted and successful trader, but still went broke . Why billionaire Chris Sacca said yes to Twitter, but no to Snapchat, Dropbox, and Airbnb. Why it’s not what you don’t know, but what you do know for sure that gets you into trouble. Ask The Investors: Do you think the increasing number of value investors is making value investing less attractive today?   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Michael Batnick’s book, Big Mistakes: The Bes

On today’s show we talk to the founder of ETFmg, Sam Masucci. Sam's company is responsible for bringing the first Artificial Intelligence ETF onto the market. The name of the ticker is AIEQ, and since inception in OCT 2017, the fund has outperformed the S&P 500 by nearly twice the yield (as of July 2018). During our discussion with Sam, we ask him about the deep learning methodology and how the programmers integrated IBM Watson technology into the logic. Additionally, we talk to Sam about another artificial intelligence ETF called BIKR, which was designed and launched by the legendary investor, Jim Rogers.  IN THIS EPISODE YOU’LL LEARN: How and why an ETF works, that is built on Artificial Intelligence How to train a machine to start training itself What a long only fund does when it estimates that the market will drop, but can’t short or go to cash Ask The Investors: How can we use Price-to-Sales in our valuation process? NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse thr

On today's show we play some of the best questions and answers we could find from interviews with Jeff Bezos. Jeff is the founder of Amazon and the wealthiest person in the world (over 140 billion). IN THIS EPISODE, YOU’LL LEARN: How Jeff Bezos gaged his first year of business at Amazon. How Jeff thinks about profitability and shareholder value. How Jeff thinks about Blue Origin and space. Why Jeff isn't concerned about the current quarter. Why Jeff purchased the Washington Post. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Brian Retherfords Napa Valley Wine Company. Blue Origin Website. Brad Stone’s book, The Everything Store – 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.

On today’s show we talk about the very popular entrepreneur, Daymond John. John rose to business stardom after creating the global clothing line FUBU. Later he became a celebrity figure on ABC’s Shark Tank. After looking through various book recommendations from our audience, we kept getting a similar recommendation: The Power of Broke by John. The book provides some great insights into Daymond’s life before FUBU and how he created the business, but the part of the book we liked the best was his guidance and recommendations for people that are starting their own business.  IN THIS EPISODE, YOU’LL LEARN: How Daymond John created FUBU. Which advantages you gain from being broke. Why Proof of Concept goes before anything else in Entrepreneurship. Why successful business people have or has had a mentor. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Daymond John’s book, The Power of Brok

On today’s show we talk about a subject that so many want to master, but few understand where to start. The topic of today’s show is Creativity. Now, you might be asking yourself, how can I develop the right idea at the right time, and today’s guest is one of the leading experts in that field. This might be hard to believe, but Allen Gannett is only 27 years old. And as soon as you hear this interview, you won’t believe the amount of knowledge and insights he brings to the topic. In fact, Allen is so bright that at age 24, he was selected onto the Forbes 30 under 30 list. Additionally, he has created a highly successful business that's in the field of big data analytics. For the research of his book, Allen interviewed a billionaire, one of the wealthiest members of Congress, and even CNBC host, Andrew Ross Sorkin. Click here to purchase Allen's book: The Creative Curve. IN THIS EPISODE, YOU’LL LEARN: Why creativity and trends are all about striking a balance between familiarity and novelty How you can keep

In this episode, Preston and Stig talk about their experience of attending the 2018 Berkshire Hathaway Shareholder's meeting. The Investors play five of the best Q&A that occurred during the meeting. After each question, Preston and Stig provide their feedback and analysis on Buffett and Munger's responses. IN THIS EPISODE, YOU’LL LEARN: If Elon Musk is right about Warren Buffett’s being wrong about competitive advantage? Why Warren Buffett won’t invest in cryptocurrencies.            Why many Berkshire Hathaway’s employees can’t invest accordingly to Buffett’s principles in their 401K . Why Warren Buffett would rather hire a person who applies chapter 8 of The Intelligent Investor than a top student from a top business school. What Charlie Munger and Warren Buffett think about Machine Intelligence and stock investing in the future. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Pre

In this episode, Preston and Stig talk about their experience of attending the 2018 Berkshire Hathaway Shareholder's meeting. The Investors play five of the best Q&A that occurred during the meeting. After each question, Preston and Stig provide their feedback and analysis on Buffett and Munger's responses. IN THIS EPISODE, YOU’LL LEARN: If Buffett plans to sell his investment in Well’s Fargo after the recent scandal? How the new accounting rules change the way investors value companies. If Buffett wants to pay a special dividend as Berkshire Hathaway is approaching a $150B cash position. How Buffett would invest differently if he only had $1B in his portfolio. How Buffett evaluates the attractiveness of bonds. 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 discussion about the Berkshire Hathaway Shareholders’ meeting in 2017. Preston and Stig’s discussion about

One of the most lucrative and highest yielding areas of investing is finding quality companies in the small-cap market. The difficulty with investing in this space is the companies often lack stability and market dominance to make some investors comfortable. On this episode, we talk to a leading expert and former hedge fund manager that has invested in the small business space over three decades. Eric Cinnamond currently runs his own blog where he provides a detailed analysis of all the conference calls and small-cap companies he follows (a couple hundred businesses). IN THIS EPISODE, YOU’LL LEARN: How margins move in the business cycle, and where we’re currently at. What to listen for in an earnings call. Which catalyst that can make inflation take off. Why the recent movement in Treasury bond yields are important to your portfolio. Which sectors are priced attractively and where not to invest . BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing d

In this episode, Preston and Stig talk to one of the owners of the Atlanta Hawks Basketball team, Jesse Itzler. Jesse is a serial entrepreneur and the founder of numerous start-up companies. In particular, Jesse was the founder of Marquis Jet, which was sold to Warren Buffett’s Berkshire Hathaway. During our discussion, Jesse talks to us about his new book, Living With The Monks. In the book, Jesse learns what turning off his phone taught him about happiness, gratitude, and focus. Checkout Jesse's new book on Amazon IN THIS EPISODE, YOU’LL LEARN: Why you should build your life up around moments. What you do when someone offers to buy shares in your future life income. How to make room for yourself in your life. What we can learn from monks about the quality of work and true ownership.  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jesse’s new book: Living With The Monks – Read revie

Jim Rickards is a New York Times Best Selling Author and major authority in central banking policy. Jim has worked on Wall Street for more than 35 years and his comments and commentary are frequently aired on CNBC, Bloomberg, and countless other national level news organizations. His books are on the recommended reading lists at businesses like Bridgewater Associates and major US banks. Our interview with Jim is two episodes long and this is the second half of the discussion. IN THIS EPISODE, YOU’LL LEARN: Why the opportunity to short Bitcoin has changed the price setting. Why Bitcoin can’t be used in a credit based system, and why that is a problem for economic growth. Why it’s easier to forecast financial events in 6 months than tomorrow. How the Euro will appreciate compared to the dollars by the end of the year. 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’ site: