We Study Billionaires - The Investors Podcast

On today's show we talk to Ted Seides. Ted is a graduate of Yale and Harvard university and he comes with multiple decades of experience in finance. For people not familiar with Ted, most might recognize him has the gentlemen that took the opposite side of Warren Buffett’s bet with the hedge fund industry. We talk to Ted about this friendly wager, how it came about, what the results were, and what he thinks about the chances of beating the S&P 500 moving forward. Something else that’s interesting about Ted is that he has extensive experience working for the famous investor, David Swensen. Swensen has been the chief investment officer for Yale’s endowment for decades and his average return for the past 20 years is 25% annually. At the end of the interview we talk to Ted about Swensen’s greatest strengths. We also ask Ted to compare David Swenson and Warren Buffett (who Ted has become friends with through the years).   IN THIS EPISODE, YOU’LL LEARN: Why anyone would make an investment bet against Warren Buffe

In today's episode we talk to former multi-billion dollar hedge fund manager, Jesse Felder. Jesse talks to us about his concern with FANG Stocks at the end of 2017. Additionally, Jesse talks to us about the potential change in central banking policy that might open the door for inflation to start taking hold in the economy. Finally, the discussion is concluded with Bitcoin and crypto currencies. IN THIS EPISODE, YOU’LL LEARN: The risks of investing in FANG stocks.  If investors in Apple should be worried about the sale of iPhones. Why you should look at stocks compared to its history and not the market. Why undoing quantitative easing might be inflationary. Why you might want to diversify even if you’re holding cash. Ask the Investors: How do Bitcoin futures influence the price?   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 Felder’s popular podcast, Superinvestors. Jesse

When we first started our podcast, Guy Spier was one of the first guests on the show. He is the founder of the Aqua Marine Hedge Fund and he's a Warren Buffett Style investor. Guy is the author of the best selling book, The Education of a Value Investor, and he's a graduate of Harvard and Oxford University. During our discussion, we cover a wide array of topics like, what kind of daily readings he looks at, the impact of statics and humility, credit cycles, cryptocurrencies, and much more. IN THIS EPISODE, YOU’LL LEARN: What publications Guy reads on a daily basis. How to think about intrinsic value calculations. What Guy thinks about cryptocurrencies. Guy's opinion on writing letters. How to think about temperament. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Guy Spier’s book, The Education of a Value Investor – Read reviews of this book. NEW TO THE SHOW? Check out our We Stu

One of the biggest names in business literature is Jim Collins. And we recently saw that Billionaire Jeff Bezos recommended Jim’s book, Built to Last. Since we are big fans of both Jim Collins and Jeff Bezos we felt like the book would be a fantastic read for the audience.  IN THIS EPISODE, YOU’LL LEARN: The 5 distinctive stages of decline. Which 3 key ratios can predict if a company will fall. How and why a company can pull itself out of a decline. Why a successful management should feel lucky rather than successful. Ask the investors: Can Bitcoin benefit from the increasing pressure on the US Dollar?  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 Collins’ book, How the Mighty Fall – Read reviews of this book. Jim Collins’ book, Good to Great – Read reviews of this book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (c

In today's show, we assemble the TIP mastermind group for another discussion. The team talks about various stock picks that might out perform the S&P 500. Preston and Stig talk about the airline industry, while Tobias and Hari talk about pharmaceuticals and railroads. IN THIS EPISODE, YOU’LL LEARN: Which stocks the TIP mastermind group might acquire this quarter. Why you should go straight to the numbers before analyzing a stock pick in detail. Why the airline industry might be worth investing in. What Bitcoin Cash is and if should you own 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. Tobias Carlisle’s new book, The Acquirer’s Multiple – read reviews of this book Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com Hari’s Blog: BitsBusiness.com NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (co

IN THIS EPISODE, YOU’LL LEARN: What is a good return on the stock market today? Why is Enterprise value more useful than Market cap when you value stocks?     Can you be diversified owning just one asset class? How do I size my positions when I buy options?  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 Blog: GreenBackd.com. Tobias Carlisle’s Acquirer’s Multiple Web page: AcquirersMultiple.com. Tobias Carlisle’s fund: Carbon Beach LLC. Tobias Carlisle’s book, Deep 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 Services. Sta

IN THIS EPISODE, YOU’LL LEARN: Why you can have anything but not everything in life. Why 15 uncorrelated bets is the holy grail of investing. Ray Dalio’s 5 step process to achieve your goals in life. The personal advice Ray Dalio gave to Preston. Ask The Investors: Why is inflation so low when the economy is booming. 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 article about inflation and the current state of the economy. 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.

IN THIS EPISODE, YOU’LL LEARN: Why McDonald's is a great company but a horrible stock pick in 2017. Should you invest in Russia given the high US stock market? Why dividend payments might be more important for certain stocks. How to think about the risk of an individual company compared to the market. Ask The Investors: What will happen to ETFs if the 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. Dshort’s latest analysis of stock market valuations. Preston and Stig’s free index of intrinsic value analyses of popular stock picks. Stig’s intrinsic value analysis of McDonald’s. Preston’s intrinsic value analysis of Gazprom. Preston’s intrinsic value analysis of McKesson. 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 por

IN THIS EPISODE, YOU’LL LEARN: What Jesse's 29029 event was like. Jesse and Preston's top take-aways from climbing the mountain 17 times. What it takes to develop more grit. The incredible story of Colin O'Brady (climbing the 7 tallest peaks and visiting both poles). How to overcome major obstacles in your 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. Jesse Itzler’s 29029 Mount Everest Event. Jesse Itzler’s Best Selling Book, Living With A Seal. Colin O’Brady’s Foundation, Beyond 72. 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.

IN THIS EPISODE, YOU’LL LEARN: The one thing that people don’t know about Warren Buffett? Why Charlie Munger has made Warren Buffett’s more fun, but perhaps not more prosperous. Why we have the same conversation about Central Banks as we did 100 years ago. Ask the Investors: What is the future of crypto 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. Roger Lowenstein’s website. Roger Lowenstein’s book, Buffett the Making of an American Capitalist. Roger Lowenstein’s book, America’s Bank. John Galbraith’s book, The Great Crash 1929 – Read reviews of this book. Nathaniel Popper’s book, Digital Gold – Read reviews of this book. Preston and Stig’s podcast episode about The Age of Cryptocurrencies. Sure Dividend’s Warren Buffett Quotes. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. T

IN THIS EPISODE, YOU’LL LEARN: Why Central Banks are manipulating markets and why Bitcoin is important. What is Segwit 2X. What is the lightning network. What is an atomic swap. What capabilities will be important for bitcoin in the future. What the future price of bitcoin might be worth. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Luke’s Books on Amazon. Luke’s Macro Research Firm. Lyn Alden’s paper on Inflation. Read the 9 Key Steps to Effective Personal Financial Management. 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 ho

IN THIS EPISODE, YOU’LL LEARN: Why timing is everything in sports and business How Michael Jordan changed the game of basketball on and off the court Why it was Michal Jordan’s mindset as much as his athleticism that made him the greatest player of all time. Ask the Investors: How can I continue to educate myself within 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. Roland Lazenby’s book, “Michael Jordan: The Life” – Read reviews of this book. Preston and Stig’s episode about billionaire Phil Knight and Nike. Preston and Stig’s episode about Joel Greenblatt’s book, You can be a stock market genius too. Preston and Stig’s episode about the bestselling business book “Good to Great”. 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 o

IN THIS EPISODE, YOU’LL LEARN: How much hype and reality is behind much of the artificial intelligence stories you hear today If the US or China is better positioned for the new wave of artificial intelligence How artificial intelligence will disrupt your career in the finance industry If artificial intelligence has changed valuation techniques Ask the investors: How do I diversify my ETF portfolio? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Martin Ford’s book, Rise of the Robots – Read reviews of this book. Martin Ford’s book, The Lights in the Tunnel – Read reviews of this book. Martin Ford’s Artificial Intelligence Blog. More information about the most popular robot ETF. 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:

IN THIS EPISODE, YOU’LL LEARN: What is quantitative easing and how does it work? Why Central Banks are buying stocks. What the severe debt situation means for currencies. Why Howard Marks changed his opinion on Bitcoin. Ask the Investors: How do I value stocks when the interest rate is so low? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Grant Williams’ podcast, Adventures in Finance. Preston and Stig’s episode on the bestselling book “The Age of CryptoCurrency”. Preston and Stig’s episode on Economist Richard Koo’s book, Balance Sheet Recession. Howard Marks’ latest memo on Bitcoin. Howard Marks’ critical memo on Bitcoin. 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 fa

IN THIS EPISODE, YOU’LL LEARN: Why small cap investing can be profitable for the right type of investor. Why you should always question where you are in the profit margin cycle. Why money managers are 100% invested in a market that 80% of them believes is overvalued. Why cyclical stocks are hated and yet can be extremely profitable. Ask the investors: How do I value stocks with declining net income?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Eric Cinnamond’s blog, Absolute Return Investing. Jesse Felder’s blog, The Felder Report. 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 throug

IN THIS EPISODE, YOU’LL LEARN: What kind of return could one expect from investing in Target. Why Amazon could cause as much damage to the retail industry in next 5 years as it did in the previous 20 years. Why investors should value offline and online retail traffic differently. If REITs are a good placeholder for cash. Why growth is not always good for a real estate company. 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 Podcast’s part 1 mastermind meeting for Q3 2017. Sergio Marchionne’s paper, Confessions of a Capital Junkie. Hari’s investing blog, Bits Business. 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 fi

IN THIS EPISODE, YOU’LL LEARN: If stocks trading at 40 times earning can be cheap. Why you can make 10x on cyclical stocks. What risks you face if you invest in China. How to value high growth companies.  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 Podcast’s part 1 mastermind meeting for Q3 2017. Sergio Marchionne’s paper, Confessions of a Capital Junkie. Hari’s investing blog, Bits Business. Ally Invest, our recommended broker for great rates, 24/7 customer support, and powerful investing platform. 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 newslet

IN THIS EPISODE, YOU’LL LEARN: Why the management often doesn’t represent the shareholder’s interest. How billionaire investors like Warren Buffett practice shareholders activism. What retail investors can do if they’re not satisfied with the management. How concentrated your stock portfolio should be. 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 Gramm’s book, Dear Chairman – Read reviews of the book. Preston and Stig’s podcast episode about shareholder activist Carl Icahn. Preston and Stig’s podcast episode about the book investing best-selling “You can be a Stock Market Genius.”. 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-da

IN THIS EPISODE, YOU’LL LEARN: Why Bill Gates made “How Asia Works” a mandatory read within his foundation. Why some countries are rich while others are poor. How much of Asian economic progress is due to Western influence and why? If South America and Africa can achieve economic growth like Japan, South Korea, and Taiwan? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Joe Studwell’s book, How Asia Works – Read reviews of this book. Robert L. Heilbroner book, The Worldly Philosophers – 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, 

IN THIS EPISODE, YOU’LL LEARN: A free and very effective approach to acquiring customers. Why the product always comes before branding in business. Why sending hand written letters might change your life. Jesse Itzler’s most surprising business lesson from owning the Atlanta Hawks. How Jesse has changed Preston and Stig’s worst habit.  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Join Jesse and Preston in the 29029 Everest challenge. The nutrition book that Jesse recommended: Fit For Life by Harvey Diamond . Preston and Stig’s first interview with Jesse. Jesse’s book, Living with a Seal. Preston and Stig’s discussion of Phil Knight’s book “Shoe Dog”. 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