We Study Billionaires - The Investors Podcast

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 first half of the discussion. First we talk to him about his thoughts on the new tax bill. We talk about what has happened, and what he expects to happen moving forward. Jim talks about portfolio allocation, and we even get him to talk about crypto-currencies as well. Regardless, be prepared to her some interesting thoughts, all backed-up with a lot of statistics and analysis.  IN THIS EPISODE, YOU’LL LEARN: Why the tax bill won’t lead to economic growth. How to allocate your portfolio when the stock market is expensive. The difference between Bitcoin and distribu

On today's show, we talk to Ian Siegel. Ian is the founder and current CEO of the billion-dollar tech company, Zip Recruiter. Ian built the company from nothing in 2010 and has now served over 120 million customers. On today’s interview, we talk to Ian how he did this. We ask him what advice he can give to other people that are also trying to grow their own business from the ground up and how they will know if they have a winner on their hands. Before founding his current company, Ian was also an executive at Stamps.com and eBay during the key developmental growth of those businesses. So with all this experience and knowledge of taking start-ups all the way to the top, I think you’ll really enjoy this interview with Ian. Well, without further delay, we bring you a wealth of experience from Ian Siegel.  IN THIS EPISODE, YOU’LL LEARN: Why market validation is more important than raising money and building a team. Why you should only offer new products that cater to at least 50% of your customers Why matchin

On today’s show, we have assembled our mastermind group for the 2nd quarter of 2018. Some of the major market themes we have seen since the start of the year is a substantial sell off in short and mid-term duration government bonds, with the 10 year treasury briefly hitting over 3%. Since global equity markets hit a high on 25 January 2018, they have struggled to sustain that level, at the end of April 2018, the market is still down -6% since those highs. Many are attributing the slow-down in equity growth to the inflationary impacts that are starting to be seen throughout the economy. Although these are the narratives, it’ll be interesting to see what the members of the group have to say and more importantly how they structure their picks around this environment. The members participating in today’s show is Jesse Felder (a former headgefund manager of over a billion dollar fund), Tobias Carlisle (from Carbon Beach Asset Management and the best selling author of Deep Value and the Acquires Multiple), and Stig

On Today's show we talk to the New York Times Best Selling author, Daniel Coyle. Daniel is a leading expert in the development of peak performing cultures. In his new book, The Culture Code, Daniel interviews people like billionaire Tony Hsieh, Pixar's Ed Catmull, and many more. If you ever wanted to know what it takes to build a top performing team, you'll definitely want to hear what Daniel has to say. IN THIS EPISODE, YOU’LL LEARN: How do you create the strongest culture in your organization regardless of your rank. How high performing culture communicate with each other. Why the San Antonio Spurs and winning significantly more games than they are supposed to on a consistent basis. Why the most important 4 words a leader can say is “I Screwed That Up!” 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 Coyle’s book, The Culture Code – Read reviews of this book. Daniel Coyle’s

In 2017, we saw Bitcoin grow by over 1300%. Ever since the start of the new year, however, things have been pretty ugly, with a year to date performance of -50%. So what in the world is happening? Is bitcoin still the darling new asset class that so many people believe in, or is something more frightening on the horizon? Well, on today's show, we are going to have a little discussion that covers both sides of the argument. In one corner we have Tuur Demeester. Tuur has been an investor in Bitcoin since the early days when one coin was only $5. Since his initial position, Bitcoin has grown by 132,000%. Tuur has a huge following with over 159,000 twitter followers because of his in-depth ideas and comments about crypto currencies. On the other side of the argument we have the talented Erik Townsend. Erik is the host of a very popular investing podcast called Macro Voices. Erik got his start as a computer programmer and by the age of 17, he was already an independent software development and design consultant. E

In 2017, we saw Bitcoin grow by over 1300%. Ever since the start of the new year, however, things have been pretty ugly, with a year to date performance of -50%. So what in the world is happening? Is bitcoin still the darling new asset class that so many people believe in, or is something more frightening on the horizon? Well, on today's show, we are going to have a little discussion that covers both sides of the argument. In one corner we have Tuur Demeester. Tuur has been an investor in Bitcoin since the early days when one coin was only $5. Since his initial position, Bitcoin has grown by 132,000%. Tuur has a huge following with over 159,000 twitter followers because of his in-depth ideas and comments about crypto currencies. On the other side of the argument we have the talented Erik Townsend. Erik is the host of a very popular investing podcast called Macro Voices. Erik got his start as a computer programmer and by the age of 17, he was already an independent software development and design consultant. E

In 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 Smith explains how a firm understanding of volatility and statistics can enable momentum investors an edge in determining entry and exit points into stocks that are selected based on fundamental advantages. IN THIS EPISODE, YOU’LL LEARN: How to trust math and not emotions in your portfolio. How to mix billionaires’ stock picks with price momentum. Which sectors have the right trend during March 2018. If the price action on Bitcoin and other currencies signals bear or bull. 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 Smith’s blog at TradeStops. Daniel Kahneman’s book, Thinking Fast and Slow – Read reviews of this book. David Einhorn’s book, Fooling some of the people all the time – Read reviews

On today's show, we talk to the astute Luke Gromen about the current dollar decline. Luke provides numerous details why the dollar is currently devaluing despite the FED tightening the money supply. Additionally, Luke talks about the interesting relationship with China and how they are acquiring large amounts of gold and oil to reduce their dependence on the US dollar. In general, this interview provides incredible insights into understanding currency & commodity movements and where the world is moving in the coming decade. IN THIS EPISODE, YOU’LL LEARN: Why China keeps acquiring more gold. How the US has created a dominant global currency that's on the brink of decline. How ratios like the oil to gold price are used to understand larger macro concepts. The role of cryptocurrencies in a de-pegged world. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Liaquat Ahamed’s book, Lords of Fi

The Compound Effect is a book written by New York Times Best Selling author, Darren Hardy. Hardy is the former editor at Success Magazine and is an expert in understanding peak business performance. IN THIS EPISODE, YOU’LL LEARN: How and why you should be the world’s biggest believer in consistency. Why you should claim 100% ownership of everything that happens to you. 5 step checklist to get momentum behind compounding success. Why success is something you attract by the person you become . BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Darren Hardy’s book, The Compound Book – Read reviews of this book. Preston and Stig’s discussion of Charles Duhigg’s book, The Power of Habits. 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:

Malcolm Gladwell is a New York Times Best Selling author for multiple books. On today's show, Preston and Stig cover his book, Blink. Gladwell's book goes into detail exploring the things that happen in the first two seconds a person is exposed to something new. He examines why some people are able to make really good snap judgments while others are terrible. The Investor's Podcast chose this book because stock investors are constantly making good and bad decisions that are sometimes based on instinct. Hopefully, the information discussed in this episode will provide deeper clues into the reliability of using instinctive gut feelings when making investment decisions. IN THIS EPISODE, YOU’LL LEARN: How we make decisions in the blink of an eye. How to quickly spot if your marriage is healthy. Why we should stick to simple guidelines instead of collecting a wealth of information. Why more than 100,000 people could be wrong about “New Coke” Ask The Investors: Should you invest in ENTs or ETFs, and how do yo

Mr. Miller was the former Chairman and Chief Investment Officer for Legg Mason Capital Management where he managed over 75 billion dollars. Today, Miller owns and operates Miller Value Partners. Through the years, Mr. Miller has been called “The Greatest Money Manager of the Decade” by Morningstar, a member of the “Power 30” by SmartMoney, and a member of the “All-Century Investment Team” by Barron’s. During the discussion, Mr. Miller talks about the current market conditions, bond rates, commodities, and cryptocurrencies. IN THIS EPISODE, YOU’LL LEARN: If the change in US fiscal policy will affect bond yields. How and why Bill Miller is using moving day average to time his investment decisions. Why Bill invested in Bitcoin and if he still has a position. The most important cognitive biases for new investors to be aware off. Ask The Investors: Which impact will babyboomers’ retirement have on the stock market . BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful st

On today's show we talk to private equity investing expert, Doug McCormick. Doug has been a private equity investor for two decades and his company has assets under management in excess of a billion dollars. IN THIS EPISODE, YOU’LL LEARN: How does the private equity model work? What happens when a private equity company makes an acquisition? Why has private equity industry outperformed the stock market and will it continue? Which critical factors determine if a takeover is successful or not?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Douglas McCormick’s book, Family Inc. – Read reviews of this book. Doug’s website with free financial tools. Raymond M. Kethledge and Michael Erwin’s book, Lead Yourself First – 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 o

On today's episode we learn about Billionaire Sam Walton. To prepare for the show we read Walton's book: Made In America. IN THIS EPISODE, YOU’LL LEARN: Sam Walton’s 10 pieces of advice for building a successful business. What Amazon learned from Walmart. Why it is a big problem if your team is not complaining. Ask the Investors: Are Warren and Charlie the competitive advantage of Berkshire Hathaway?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Sam Walton’s book, Made in America – Read reviews of this book. Preston and Stig’s discussion of Jeff Bezos and Amazon. Join Preston and Stig for the annual Berkshire Hathaway Shareholder’s meeting. 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 p

Before the recent 10% correction, we saw more call options compared to put options by 2 standard deviations. We also saw the price at 3 standard deviations above the 200 Day Moving Average (DMA). On top of that, the Stock market is currently priced at levels only seen in 1929 and 2000.  With that said, we have assembled the Mastermind Group to talk about any opportunities that still might exist in the market that could out-perform the S&P 500 index.  For Toby, Hari, and Stig, they talked about individual companies. Preston, on the other hand, talked about the first deep learning, artificial intelligence ETF that’s completely autonomous in its stock selections.  IN THIS EPISODE, YOU’LL LEARN:  If the mastermind group likes two of Billionaire David Einhorn’s favorite stock picks.  The risks and rewards from investing in cyclical stock picks. How to invest in private companies in India. About an Artificial Intelligence ETF. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in mean

On today's show we bring back a popular guest, Dr. Wesley Gray. He has an interesting approach that's a mix between value and momentum investing. Dr. Gray discovered this approach after conducting years of research and backtesting of both styles of investing. The strategy allows him to buy undervalued stocks and also hedge the markets simultaneously. IN THIS EPISODE, YOU’LL LEARN: How and why to follow a trend in the stock and the bond markets. What the biggest mistake value investors make by not including momentum in their strategy. Ask The Investors: How do you build your fundamental knowledge in micro and macro investing? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Dr. Wesley Gray’s  newest tool for ETF investing discussed in this podcast episode. Dr. Wesley Gray’s website: Alpha Architect. Dr. Wesley Gray’s book: Quantitative Momentum – Read Reviews for this book. Dr. Wesl

On today's show we talk to renown investment blogger, Shane Parrish. Shane is a Buffett style investor that reads and studies everything about the markets. On today's show we talk to Shane about learning and optimizing. He also discusses his opinions on the difference between Ray Dalio and Warren Buffett's investing approach. IN THIS EPISODE, YOU’LL LEARN: How Shane thinks about learning new things. What mental models are. Shane’s opinions on Ray Dalio and Warren Buffett. What books Shane values. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Shane Parrish’s incredible blog: Farnam Street. The Intelligent Investor by Benjamin Graham. Margin of Safety by Seth Klarman. Meditations by Marcus Aurelius. 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

As the stock market continues to make new highs day after day, we look at recent comments by Billionaires Ray Dalio and Bill Gross to try and understand what's happening and what might happen moving forward. IN THIS EPISODE, YOU’LL LEARN: Why Ray Dalio suggests the Market is transitioning into a tightening phase in 2018. Why Dalio thinks the stock market might have more upside. Why the Bond market is a risky place to be in 2018. Bond King Bill Gross's thoughts on the Bond market in 2018. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Bloomberg interview with Ray Dalio. ET Now interview with Ray Dalio. Bloomberg interview with Bill Gross. Brian Retherford’s wine company: Claudine Wines. 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

On today’s show, we bring back a guest that often yields some of the biggest praise from our listeners. His name is Richard Duncan and this is the third time we’ve had him on the show. Richard comes with a wealth of knowledge and over 30 years of experience working for organizations like the World Bank, the IMF, large cap asset management companies, and many more. He’s the author of three incredible books that discuss macro economics and how the world of finance functions in a fiat world. During today’s discussion we’re going to talk about the bond market and how it’s yield is potentially creating an environment for the stock market to go even higher. Richard outlines some interesting points about how central banks are going to act in 2018 and what that means for overall market movements. So with that, let’s roll.   IN THIS EPISODE, YOU’LL LEARN: Why and how the bond yield curve can signal a stock market high. Why the FED is shrinking its balance sheet with 1 trillion dollars. Why US’s trade deficit is th

In this episode, we review Rolf Dobelli's new book that was highly recommended by Guy Spier. The book promises to deliver 52 surprising shortcuts to happiness, wealth and success. IN THIS EPISODE, YOU’LL LEARN: Why a good life is all about interpreting facts constructively. Why rereading 10 books is a better use of your time than reading 100 books. How to balance what is enjoyable and meaningful in your life. Why the climate is negligible whether you’re living in Miami than Buffalo. Ask The Investors: Why happens to the price of Bitcoin if the stock market crashes? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Rolf Dobelli’s book, The Art of the Good Life – Read reviews of this book. Preston and Stig’s new Bitcoin Resource. 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 pic

Today’s guest is Dan Heath and he’s a three-time New York Times best selling author. Dan is graduate of Harvard and is also a Senior Fellow at Duke University. During the show we talk about Dan's newest book, The Power of Moments.  IN THIS EPISODE, YOU’LL LEARN: How to change your life and business through significant moments. Which moments that can create short-term and long-term happiness. How to level up on your skill set, just like a computer game. Ask The Investors: What is the intrinsic value of Bitcoin? 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 Heath’s book, The Power of Moments – Read reviews of this book. Dan Heath’s website. Preston and Stig’s new Bitcoin Resource. 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 portfo