The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

By The Investor's Podcast NetworkBusiness Education Investing

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The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network episodes

September 19, 2025TIP754: Rule Breaker Investing w/ David Gardner
On today's episode, Clay brings back David Gardner to discuss his new book, Rule Breaker Investing. Throughout David’s investing career, he seemed to have taken all of Buffett’s rules to investing and thrown them out the window. In this episode, he shares his unique rule-breaking framework, providing you with the guidance and the gumption to win at investing by finding and owning the best companies of the future.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:50 - Why David decided to ignore Buffett’s value investing principles and discover his own way to invest.
08:21 - Why he decided to break Buffett’s number one rule of investing.
11:01 - The story of David’s early investment in AOL, which rose by over 150x.
21:04 - Why David neglects the phrase, “long-term investor.”
28:36 - The six traits of rule breaker stocks and the six habits of the rule breaker investor.
40:11 - Why David prefers to buy stocks that professional commenters say are overvalued.
49:46 - Why the best companies are so good they almost seem to be cheating and don’t play by traditional rules.
01:00:42 - What conscious capitalism is and how it enables all parties in business to win.
01:27:49 - His Rule Breaker stock picks for 2025.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.

David Gardner’s book: Rule Breaker Investing.

David’s company: The Motley Fool.

Matt Ridley’s book: The Rational Optimist.

John Macket’s book: Conscious Capitalism.

Related Episode: TIP385: Breaking the Rules w/ David Gardner.

Follow David on ⁠LinkedIn⁠ & ⁠X⁠.

Follow Clay on LinkedIn & X.

Related books mentioned in the podcast.

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1 hr 33 min
September 17, 2025TECH001: AI for Activists w/ Justin Moon and Shroominic (Tech Podcast)
From Oslo's spotlight to global frontlines, Justin and Shroominic share how activists are harnessing AI for storytelling, translation, and rapid response while also navigating threats from authoritarian AI.
Explore the core building blocks, decentralized models, and how anyone can begin experimenting today.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:25 - What “vibe coding” is and why it’s a game-changer
02:43 - How a live website was built with voice commands in 8 minutes
04:26 - The core message behind the Oslo Freedom Forum AI demo
04:52 - How to start using AI today, even with zero technical skills
12:10 - What “AI for Activists” really means in practice
13:24 - Real examples of AI used for translation, response, and storytelling
15:10 - A surprising story of AI making a big impact for dissidents
21:14 - How authoritarian regimes are using AI—and how to counter them
24:04 - The foundational building blocks of modern AI
33:05 - A vision for AI’s future—empowering individuals over the state

BOOKS AND RESOURCES
Nostr Account: Justin Moon.

HRF’s program: AI for Individual Rights.

Newsletter: Financial Freedom Newsletter.

X Account: Shroominic.

Nostr Account: Shroominic.

Related website: routstr.

Related books mentioned in the podcast.

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50 min
September 14, 2025TIP753: The Relentless Vision That Made McDonald’s a Global Giant w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the rise of McDonald’s under Ray Kroc and the vision, systems, and persistence that transformed a small burger joint into a global empire. He explores Kroc’s leadership style, business model innovations, and the timeless lessons investors and entrepreneurs can learn from McDonald’s journey.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - The grit, adaptability, and salesmanship that made Ray Kroc unstoppable
14:42 - How a hot dog stand inspired the first McDonald’s restaurant
19:04 - Why protecting brand image was so vital to McDonald’s growth story
20:06 - How McDonald’s pivot to real estate fueled expansion
25:21 - Why standardization and systems powered McDonald’s rapid growth
28:49 - Why Kroc’s struggles with the McDonald brothers show alignment is critical
30:22 - What Jobs, Schultz, and Musk shared with Kroc as visionaries
33:54 - How McDonald’s thrived for decades despite fierce competition
40:51 - How Hamburger University aligned franchisees with Kroc’s vision
42:42 - The story behind McDonald’s product innovation successes and failures
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Buy a copy of Grinding It Out by Ray Kroc here.

Follow Kyle on Twitter and LinkedIn.

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1 hr 5 min
September 12, 2025TIP752: Financial Statements Explained Simply w/ Brian Feroldi
On today's episode, Clay brings back long-time guest, Brian Feroldi, to educate our listeners on how to analyze financial statements.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:58 - An overview of the three financial statements.
13:11 - What GAAP accounting is and why the US is a good environment for investors from a regulatory perspective.
18:08 - Why Brian prefers that companies pay employees in cash rather than through stock based compensation.
30:29 - Why each dollar should be treated differently when analyzing different businesses.
37:20 - The role of financial statements in estimating a company’s intrinsic value.
37:20 - Why the P/E ratio is a useless valuation metric for growth businesses.
40:33 - Why Brian prioritizes optionality in his investment process.
43:26 - Red flags to look out for in the financial statements.
58:02 - What David Gardner taught Brian about investing.
01:01:41 - Why good investing is all about marrying the right side of your brain with the left side of your brain.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.

Check out more financial statement visuals here.

Check out Long-Term Mindset.

Related Episode: TIP437: Why does the Stock Market Go Up? w/ Brian Feroldi.

Follow Brian on LinkedIn & X.

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1 hr 2 min
September 10, 2025BTC251 : Tech Abundance w/ Jeff Booth
Preston and Jeff discuss the expansion of the Bitcoin Fundamentals podcast to include cutting-edge topics like AI, robotics, and nuclear tech, all viewed through a Bitcoin and decentralization lens.
They examine the impact of exponential technological growth, open-source innovation, and international competition. The conversation closes with a powerful message: the future of tech must reconnect with human agency and identity.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:37 Why Preston is expanding the podcast beyond Bitcoin into broader tech themes.
04:07 - Why decentralized systems like Bitcoin are crucial in a high-tech world.
07:05 - Why deflation is natural in a free market and what’s preventing it.
09:00 - How AI and robotics are reshaping labor and automation.
12:50 - How open-source technologies challenge centralization.
17:00 - What Tesla’s Optimus robot signals about the future of automation.
18:49 - The role of international tech competition, especially from China.
24:33 - How synthetic environments are accelerating AI training for robotics.
34:19 - How demographic trends intersect with economic and tech paradigms.
40:29 - The vision of a hopeful tech future rooted in human consciousness.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Jeff’s Book: The Price of Tomorrow.

Nostr account: Jeff Booth.

Check out all the books mentioned and discussed in our podcast episodes⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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48 min
September 07, 2025TIP751: Mastermind Q3, 2025: Uber, Merck, and Bath & Body Works
In today's episode, Stig Brodersen is talking stocks with Tobias Carlisle and Hari Ramachandra. Stig’s pick is Uber, the world’s largest ride-hailing company. Tobias is pitching Bath & Body Works, a category leader in home and personal fragrance. Hari’s stock of choice is Merck, a pharmaceutical giant that owns the blockbuster oncology drug.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:23 - Stig’s bull case for Uber (Ticker on NYSE: UBER).
17:15 - The bear case for Uber, including the regulatory risk.
58:37 - Why Hari is bullish on Merck (Ticker on NYSE: MRK).
01:12:10 - The bear case for Merck, including the “Keytruda patent cliff.”
01:17:32 - Why Toby is bullish on Bath & Body Works (Ticker on NYSE: BBWI).
01:27:10 - The bear case of Bath & Body Works, including the debt level.
And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.

Stig Brodersen’s Portfolio and Track record.

Listen to Shawn and Daniel’s episode about Uber.

Listen to Mastermind Discussion Q2, 2025 or watch the video.

Listen to Mastermind Discussion Q1, 2025 or watch the video.

Tobias' podcast, ⁠⁠⁠⁠⁠⁠⁠The Acquirers Podcast⁠⁠⁠⁠⁠⁠⁠.

Tobias' ETFs, ⁠⁠⁠⁠⁠⁠⁠ZIG⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Deep⁠⁠⁠⁠⁠⁠⁠.

Tobias' Acquirer's Multiple stock screener: ⁠⁠⁠⁠⁠⁠⁠AcquirersMultiple.com⁠⁠⁠⁠⁠⁠⁠.

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1 hr 35 min
September 05, 2025TIP750: Generating Alpha, Digital Payments, & AI w/ Deiya Pernas
On today's episode, Clay is joined by Deiya Pernas to discuss his investing philosophy, why he sees opportunity for investors in the digital payments space, and why he is closely following developments in AI.
After a decade of experience in the investment industry, Deiya co-founded Pernas Research with his brother in 2023. Since January 2017, the Pernas portfolio has published audited net returns of 27.1% versus the S&P 500’s average annualized return of 14.7%.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:44 - Pernas’ overall investing philosophy that has enabled them to crush the market.
04:49 - How we as investors can go about making predictions about an uncertain future.
09:00 - What poker taught Deiya about effective portfolio management.
15:12 - The importance of understanding working capital.
24:39 - Why Deiya is attracted to the digital payments space.
30:28 - An overview of why Deiya is long Remitly.
45:52 - Why Wise PLC isn’t a major threat to Remitly.
49:12 - Why Deiya is closely following developments in AI.
And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Related Episode: TIVP032: Remitly (RELY): Future Multibagger or Stablecoin Casualty? w/ Daniel Mahncke & Shawn O'Malley.

Follow Clay on LinkedIn & X.

Follow Deiya on LinkedIn & X.

Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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56 min
September 03, 2025BTC250: Is This Bitcoin Bull Market Over w/ Tuur Demeester (Bitcoin Podcast)
Tuur Demeester returns to discuss his new report on Bitcoin's 2025 outlook. He and Preston unpack institutional accumulation, custodial confiscation risks, the macroeconomic backdrop, and how Bitcoin's role is evolving amid growing global uncertainty.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:02 - Why the current market doesn’t reflect a true speculative mania yet
04:11 - How institutions—not retail—are driving this bull cycle
05:38 - What the “hodler net position change” metric reveals about whale behavior
11:33 - How governments may quietly confiscate Bitcoin through custodians
22:41 - Why M2 money supply contraction exposes fiat’s Ponzi-like structure
27:41 - Bitcoin’s potential to replace gold as the global monetary anchor
33:01 - Why Wall Street's shallow engagement with Bitcoin’s tech is concerning
35:00 - How Lightning Network could disrupt stablecoin platforms
39:03 - The growing convergence of AI, Bitcoin mining, and energy infrastructure
46:07 - Why Bitcoin could genuinely reduce global conflict long term

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
X Account: Tuur Demeester.

Report: How To Position for the Bitcoin Boom by Tuur Demeester.

Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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53 min
August 31, 2025TIP749: Unlocking Hidden Investing Secrets From Basic Science w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses how mental models from physics, chemistry, and biology can give investors and business leaders sharper decision-making tools. He’ll explore how applying these frameworks helps to identify opportunities, avoid risks, and build lasting advantages.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:06 - How relativity helps investors see opportunities from different perspectives.
07:33 - Why inertia reveals which businesses stay great or stuck over decades.
09:29 - How momentum creates powerful flywheels in business and investing.
23:22 - When leverage accelerates growth or dangerously magnifies risk.
29:13 - How catalysts can rapidly unlock an investing thesis.
35:50 - Why ecosystems multiply value from a single input change.
41:52 - How niche strategies create outsized business advantages.
52:50 - Why honest versus dishonest signals matter for investors.
01:00:19 - How misaligned incentives quietly increase investment risk.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.

Buy a copy of The Great Mental Models Part II: Physics, Chemistry and Biology here.

Follow Kyle on ⁠⁠Twitter⁠⁠ and ⁠⁠LinkedIn⁠⁠.

Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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1 hr 4 min
August 29, 2025TIP748: The Netflix Playbook: Fewer Rules, Greater Results w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the radical culture that helped Netflix dominate Blockbuster and achieve massive long-term success. He explores lessons on talent density, candor, feedback, freedom, and responsibility that reveal how culture can become a company’s greatest competitive moat.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:54 - Why fewer rules can unlock a company’s peak performance.
04:58 - The cultural failures that doomed Blockbuster against Netflix.
08:54 - How talent density drives innovation and rapid productivity gains.
10:40 - Why subtraction sometimes creates stronger, higher-performing teams.
15:14 - How candor accelerates decision-making and organizational efficiency.
25:02 - Netflix’s 4A framework for delivering and receiving feedback.
34:21 - Why “rockstar pay” beats incentive bonuses for top talent.
55:00 - How sunshining mistakes builds trust and stronger organizations.
58:02 - The Keeper Test for retaining only your best performers.
01:04:19 - Why leading with context—not control—fuels lasting innovation.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.

Buy a copy of No Rules Rules here.

Related episode: TIP744: Hidden Monopolies w/ Kyle Grieve.

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1 hr 3 min

About The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

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Hosted by Stig Brodersen, William Green, Shawn O'Malley, Daniel Mahncke, and Kyle Grieve, The Investor’s Podcast has proudly reached nearly 200 million downloads, as the world's largest stock-investing focused podcast.