We Study Billionaires - The Investors Podcast

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

IN THIS EPISODE, YOU’LL LEARN: The top three things Charlie Munger has contributed to Warren Buffett’s evolution? Why Charlie Munger doesn’t look at macroeconomics when he invest in stocks, and whether or not it’s a blind spot Tren Griffin’s most memorable story about Charlie Munger The secrets behind the moat of Charlie Munger’s recent stock purchases What “lollapalooza” is, and why Charlie Munger thinks the concept is vital for understanding the stock market…and Tupperware parties! Ask the Investors: Why has Warren Buffett invested in IBM? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Tren Griffin’s book, Charlie Munger: The Complete Investor – Read reviews of this book. Robert Hagstrom’s book, The Warren Buffett Way – Read reviews of this book. Seth Klarman’s book, Margin of Safety – Read reviews of this book. Howard Marks’ book, The Most Important Thing – Read reviews of thi

IN THIS EPISODE, YOU’LL LEARN: How innovation can overcome regulations and demographic problems. Why it’s the banks and not the Federal Reserve that is “printing money”. Why and how the US financial system is different than in Europe. Why quantitative easing is nothing more than a simple asset swap. Why the US shouldn’t peg the dollar to a commodity or a basket of currencies. Ask the Investors: Do you own oil ETFs? 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’s book, Pragmatic Capitalism – Read reviews of this book. Cullen Roche’s Blog, PragmaticCapitalism.com. Cullen Roche’s Full Collection of, Investing White Papers. Cullen Roche’s Company, Orcam Financial Group. John Bogle’s book, The Little Book of Common Sense Investing – Read reviews of this book. Stig’s Blog Post, Should You Invest in Oil. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. B

IN THIS EPISODE, YOU’LL LEARN: Why Preston, Stig, and Vanguard Founder Jack Bogle think the expected return in the stock market is 4% Why the historic stock market rally in October 2015 doesn’t change Preston and Stig’s fundamental opinion about the market. A brief discussion of each of the 7 habits of highly effective people. Which of the 7 habits that is the most important. 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 out executive summary of The 7 Habits of Highly Effective People. Stephen Covey’s book, The 7 Habits of Highly Effective People – 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 o

IN THIS EPISODE, YOU’LL LEARN: How the Roman empire collapsed because of increased money supply. How digital currencies might change our lives in the future. Why we are using paper money today and not currency backed by silver and silk. Why inviting someone to eat with you in ancient times was like a futures derivatives contract. Ask the Investors: How do you calculate the intrinsic value of a stock, and which discount to the value should you look for? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Kabir Sehgal’s book, Coined – Read reviews of this book. Kabir’s Website, CoinedBook.com. Benjamin Graham’s book, Security Analysis – Read reviews of this book. Daniel Kahneman’s book, Thinking Fast and Slow – Read reviews of this book. Haim Ofek’s Book, Second Nature – Read reviews of this book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all

IN THIS EPISODE, YOU’LL LEARN: Which type of American companies James O’Shaughnessy’s right now deem to yield the highest returns. How to be humble about stock investing, and how you are likely to beat the stock market by taken yourself out of the equation. Why James O’Shaughnessy doesn’t include the interest rate and other macroeconomic factors in his investment models. How to profit from momentum stocks and if that corresponds to the current market conditions. The two biggest mistakes investors make when implementing a purely quantitative strategy. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. James O’Shaughnessy’s book, What Works On Wall Street – Read reviews of this book. Tobias’ Investing Site, The Acquirers Multiple. Who James O’Shaughnessy’s pay attention, www.aqr.com. Who James O’Shaughnessy’s pay attention, www.lsvasset.com. Tobias’ book, Deep Value – Read reviews of t

IN THIS EPISODE, YOU’LL LEARN: How Dorie Clark has come up with breakthrough ideas to build her own assets. Ask The Investors: How should you invest $1,000,000 to increase your monthly 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. Dorie Clark’s book, Stand Out – Read reviews of this book. Dorie Clark’s book, Reinventing You – Read reviews of this book. Guy Spier’s book, The Education of a Value Investor – Read reviews of this book. Keith Ferrazzi’s book, Never Eat Alone – Read reviews of this book. Jeffrey Pfeffer’s book, Power – 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

IN THIS EPISODE, YOU’LL LEARN: What Hari learned at Mohnish Pabrai’s annual meeting. How Tobias’ research shows that the stock market is overvalued. Why Calin is struggling with currency exposure and how to fix it. Why Preston thinks that the Japanese stock market is getting scary. Why Stig think that Warren Buffett’s largest acquisition is too expensive. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Calin’s SEO Company: Inbound Interactive. Tobias’ Investing Site: The Acquirer’s Multiple. 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 Servic

IN THIS EPISODE, YOU’LL LEARN: Will ECB expand quantitative easing? What can the stock investor learn from “Thinking, Fast and Slow?” Note: Before discussing the book, Thinking Fast and Slow, Preston and Stig started the podcast by talking about some of the current market conditions. The discussion started with Europe and whether the ECB could expand their quantitative easing program further. 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 Kahneman’s book, Thinking, Fast and Slow – Read reviews of this book. Nassim Taleb’s book, The Black Swan – Read reviews of this book. Robert Cialdini’s book, Influence – Read reviews of this book. Stig’s blog post, Why Mutual Funds can’t Beat the Market. 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 man

IN THIS EPISODE, YOU’LL LEARN: Who is Elon Musk and how will the billionaire change the world? How does thinking like Elon Musk make you think like a billionaire? Ask the Investors: Should I pick different stocks for my Roth IRA and 401(k)? 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 executive summary of Ashlee Vance’s Elon Musk. Ashlee Vance’s book, Elon Musk – Read reviews of this book. David J. Schwartz’s book, The Magic of Thinking Big – Read reviews of this book. Peter Thiel’s book, Zero to One – Read reviews of this book. Walter Isaacson’s book, Steve Jobs –Read reviews of this book. Cullen Roche’s whitepaper on, Modern Monetary Policy. Mark Cuban’s Blog, BlogMaverick.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 stock winners and ma

IN THIS EPISODE, YOU’LL LEARN: Who is Mark Cuban and what is his book “How to Win at the Sport of Business” about? How do you become as successful as Mark Cuban in business? Ask The Investors: How do I protect myself from Hyperinflation? 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, How to Win at the Sport of Business. Mark Cuban’s book, How to Win at the Sport of Business – Read reviews of this book. Joe Girard’s book, How to Sell Anything – Read reviews of this book. Robert Cialdini’s book, Influence – Read reviews of this book. Nassim Taleb’s book, The Black Swan – Read reviews of this book. Cullen Roche’s whitepaper on, Modern Monetary Policy. Mark Cuban’s Blog, BlogMaverick.com. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try

IN THIS EPISODE, YOU’LL LEARN: Who is David Schwartz and what is the magic of thinking big? How can you take action to think big? Ask the Investors: Will anyone eclipse Warren Buffett as an investor? 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 executive summary of The Magic of Thinking Big. David J. Schwartz’s book, The Magic of Thinking Big – Read reviews of this book. Napoleons Hills’s book, Think and Grow Rich – Read reviews of this book. Joseph Murphy’s book, The Power of Your Subconscious Mind – Read reviews of this book. Brian Tracy’s book, Change Your Thinking Change Your Life – 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

IN THIS EPISODE, YOU’LL LEARN: How do I estimate the intrinsic value of an ETF? What is the investment philosophy behind Wesley Gray’s value ETF? Ask The Investors: Can you apply principles from Growth Investing in Value 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. Wesley Gray’s book, Quantitative Value – At his price. Wesley Gray’s blog post discussion on the concept of Quantitative Momentum. Wesley Gray’s blog post discussion on the concept of Momentum Investing. Toby Carlisle’s book, Deep Value – Read reviews of this book. Daniel Kahneman’s book, Thinking, Fast, and Slow – Read reviews of this book. Historical return for growth, Growth Investing Vs. Value Investing. 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 portf

IN THIS EPISODE, YOU’LL LEARN: Who is Wesley Gray and why did he start an ETF? What is the difference between an ETF and a mutual fund for the investor? Why is an ETF typically cheaper than a mutual fund? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Wesley Gray’s book, Quantitative Value – At his price. Wesley Gray’s blog post discussion on the concept of Quantitative Momentum. Wesley Gray’s blog post discussion on the concept of Momentum Investing. Toby Carlisle’s book, Deep Value – Read reviews of this book. Daniel Kahneman’s book, Thinking, Fast and Slow – Read reviews of this book. Historical return for growth, Growth Investing Vs. Value Investing. 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. En

IN THIS EPISODE, YOU’LL LEARN: Who is Nassim Taleb and what is a Black Swan? What are Mediocristan and Extremistan? Ask The Investors: Is Mark Cuban right when he says that value investing is only for the big guys? 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, The Black Swan. Nassim Taleb’s book, The Black Swan – Read reviews of this book. Robert Cialdini’s book, Influence – Read reviews of this book. Morgan Downey’s book, Oil 101 – Read reviews of this book. Hari Ramachandra’s Blog, BitsBusiness.com. Cullen Roche’s whitepaper on, Modern Monetary Policy. Mark Cuban’s Blog, BlogMaverick.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 stock winners and managing our portfolios: TIP Finance Tool. Enjoy exc