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In this episode, William Green chats with Bruce Usher, author of a book titled “Investing in the Era of Climate Change.” Bruce, a successful entrepreneur, investor, & Columbia Business School professor, discusses the “once-in-a-lifetime” investment opportunity created by the transition of the global economy to a low-carbon future. He explains how to protect yourself financially as environmental risks intensify, & how to profit as trillions of dollars flow into innovative climate change solutions that will change the world—from electric vehicles to solar energy.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
05:37 - Why Bruce Usher sees climate change as a huge opportunity (& risk) for investors.
08:34 - How the transition to a low-carbon future will transform the global economy.
10:53 - How extreme weather is finally altering perceptions of climate change.
13:45 - How to protect against environmental threats to your property.
20:39 - Why electric vehicles & renewable energy are key drivers of decarbonization.
33:42 - How Berkshire Hathaway is playing the energy transition.
49:05 - Why leading companies like Apple & Microsoft are serious about sustainability.
54:02 - Why it’s wise to consider environmental factors before buying any stock.
01:03:53 - How to invest in funds & ETFs that reduce your exposure to climate risk.
01:12:44 - How billionaires like Bill Gates & Jeff Bezos invest in climate change solutions.
01:23:01 - What consumers can do to reduce their negative impact on the environment.
01:27:47 - Why Bruce thinks humanity might still avoid catastrophic climate change.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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On today’s episode, Clay discusses the early days of Starbucks and Howard Schultz’s book — Pour Your Heart Into It.
Starbucks has been one of the market's best-performing stocks over the past three decades. Since the IPO in 1992, Starbucks stock has had an average annual return of 18.6% relative to the S&P 500 returning 10.4% over that same period (with dividends reinvested). Clay unveils the fascinating story of how Howard fended off endless competition to build an iconic brand that’s built to last.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:01 - What led Howard Schultz to join and take over Starbucks.
14:24 - The impact of Howard’s visit to Italy, where there were 200,000 coffee bars.
34:07 - How Howard aligned the interests of the company with the interests of all employees at Starbucks.
48:29 - Lessons Howard learned in taking Starbucks public.
58:13 - How Starbucks was able to dominate big brands in the early days.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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In this episode of the Bitcoin Fundamentals Podcast, Prince Philip of Serbia joins us to discuss his advocacy for Bitcoin and its potential to offer financial sovereignty. We delve into his journey from a background in finance to becoming a passionate Bitcoin proponent. Prince Philip shares his thoughts on the synergies between Bitcoin and monarchy, the environmental impact of traditional banking systems, and the challenges and opportunities for Bitcoin adoption in Serbia. We also explore his vision for a Bitcoin nation-state and the future of global finance.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:56 - Prince Philip's journey from finance to Bitcoin advocacy.
13:38 - The benefits of Bitcoin for financial sovereignty and inclusion.
15:41 - The synergies between Bitcoin and monarchy.
21:14 - The environmental impact of traditional banking systems versus Bitcoin.
32:08 - The steps Serbia needs to take for Bitcoin adoption.
34:23 - Prince Philip's vision for a Bitcoin nation-state.
36:08 - The role of merchants in driving Bitcoin adoption.
39:51 - Personal anecdotes from Prince Philip's life as a prince and a Bitcoin advocate.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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On today’s episode, Kyle Grieve and Clay Finck continue their conversation on Investing: The Last Liberal Art by Robert Hagstrom. We discuss details on why using the right explanation for a business is so important to a good investment thesis, simple ways to improve your reading to get more out of the books and content that you consume, how to use simple mathematical concepts to improve your decision making in real-time, how to understand better System I and System II thinking and how it directly applies to investing, some of the latest mental models Kyle has learned from interviewing recent guests, and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - How to use the proper explanations in your analysis to determine the right comparable best.
06:18 - Why Tesla is so misunderstood.
10:33 - Why the economics of Dino Polska make it an invalid comparison to other grocers.
12:02 - The power of narratives in investing and how we can guard ourselves from getting overly optimistic.
17:43 - How to optimize reading for learning.
40:18 - How to use Bayes theorem to tip odds in your favour and change your position sizing.
45:45 - Why value and prices become disconnected, and how human psychology plays into this.
50:20 - Why intuition (system I thinking) is so difficult to rely on in the stock market.
01:09:22 - How to make thinking in mental models a habit.
01:14:59 - Some of the latest mental models Kyle has learned from interviewing some of his latest guests.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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On today’s episode, Clay and Kyle dive into Robert Hagstrom’s book — Investing: The Last Liberal Art. Charlie Munger is famous for popularizing the use of mental models and pulling key ideas from related fields and implementing them to the world of investing. In today’s episode, that’s exactly what we do, starting with the fields of physics, biology, sociology, and psychology.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:27 - How learning new mental models can help us be better investors.
10:49 - Concepts in physics that we can carry over to investing.
25:35 - Lessons we can learn from evolution and complex adaptive systems.
42:00 - What leads to a stock oscillating above and below the intrinsic value.
54:15 - The primary psychological biases as lead to investment mistakes.
01:05:43 - Why Lumine’s incentive structure is a structure worth studying.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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In this episode of the Bitcoin Fundamentals Podcast, Jimmy Soni, author of "A Mind at Play" and "The Founders," joins us to discuss the life and work of Claude Shannon. We explore Shannon's groundbreaking contributions to information theory, including the concept of entropy and its importance in data transmission. Jimmy explains how Shannon's work laid the foundation for many of the technologies we take for granted today, including Bitcoin and blockchain technology. We also touch on stories from "The Founders," highlighting the tech pioneers and their innovative contributions. Join us for an in-depth discussion on information theory, Bitcoin, and the history of technology.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:06 - The life and work of Claude Shannon, the father of information theory.
07:10 - The foundational role of Shannon's work in modern technology.
20:31 - The relevance of information theory to Bitcoin and blockchain.
20:52 - Stories from Jimmy Soni's book "The Founders" about tech pioneers.
28:58 - How Shannon's concept of entropy relates to data transmission.
32:52 - Insights into the problem-solving approaches of early tech innovators.
40:42 - How Bitcoin investors can apply Shannon's principles to their strategies.
55:16 - The impact of Shannon's interdisciplinary approach on his innovations.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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In this episode, William Green chats with Bob Robotti, a great investor who’s crushed the S&P 500 over the last 40 years. Bob, the President & Chief Investment Officer of Robotti & Co, explains why he believes we’re in a “new golden age” for active, value-oriented investors (not index funds); why he expects persistently high inflation; why he’s betting heavily on the resurgence of Old Economy businesses; & how he’s positioned to profit from “the first truly global energy crisis.”
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
12:18 - How Bob Robotti lucked into the ideal job for an aspiring investor.
33:19 - How working for Mario Gabelli was like a one-on-one MBA.
40:22 - Why Bob thinks we’re in a new golden age for savvy stockpickers.
40:48 - Why he’s betting heavily on a “metamorphosis of the Old Economy.”
46:16 - How globalization is evolving as China loses its edge.
50:49 - Why energy-intensive US companies have a long-term advantage.
57:33 - Why owning the “Magnificent Seven” looks like a risky bet.
58:23 - What an era of persistently high inflation means for investors.
1:03:35 - How value investing has changed.
1:19:01 - How Bob is positioned for “the first truly global energy crisis.”
1:38:06 - How his life has been enriched by helping young people.
1:43:45 - What he learned from his wife and father about facing adversity.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure.
Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 through 1997.
David Fagan serves as the managing partner at MBF Chartered Professional Accountants, a firm dedicated to supporting small and medium-sized owner-managed businesses across Canada. David was an early member of our TIP Mastermind Community, and he enjoys utilizing it to meet interesting people and learn more about stock investing.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
05:17 - Why the best businesses never quit taking risks.
18:37 - Why being inflexible is a recipe for failure.
20:53 - Why perception is everything and we shouldn’t assume infallibility.
24:24 - What makes trust the foundation of any successful business.
35:19 - How business leaders can balance outside expertise with their own intuition.
39:38 - How we can utilize optimism to win in business.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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Join us as Alex Busarov, founder of Heatbit, discusses combining Bitcoin mining with home heating and air purification. Learn about the challenges, the innovative "heating-by-computing" principle, and the future of decentralized mining.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:21 - The journey of creating the world's first Bitcoin-mining heater.
02:00 - The challenges faced in developing Heatbit One and Heatbit Trio.
05:03 - How the "heating-by-computing" principle works.
08:58 -The environmental impact of traditional Bitcoin mining.
09:27 - How Heatbit addresses these environmental issues.
25:19 - The future of decentralized Bitcoin mining.
29:40 - The vision for placing a Bitcoin-mining device in every home.
34:06 - Insights into the intersection of Bitcoin mining, home heating, and air purification.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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In this episode, Stig Brodersen talks with investment expert Lyn Alden about why gold has recently hit an all-time high. They discuss the optimal market conditions for gold investments and gold in portfolio management.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:20 - Why the gold price is at an all-time high
02:41 - Who are the buyers of gold, and what is the role of central banks
15:27 - Why emerging economies have more gold on their balance sheet than developed economies
18:53 - Whether it makes sense for Argentina to print money to buy gold and then dollarize their economy
21:23 - Who would benefit from having a gold standard
28:06 - The allocation to gold in your portfolio and why does gold do well in market conditions when stocks and bonds do not
32:08 - What is paper gold, and how is it different than physical gold?
45:10 - What is the cost of gold, and what is the discount you will get from buying higher quantities
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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