For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquirers Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is the holy grail of investing.  

IN THIS EPISODE, YOU’LL LEARN:

(00:01:16) What is the holy grail of investing?.

(00:06:37) Can you be diversified if you are only invested in equities?.

(00:08:56) Which strategies and asset classes should you follow to diversify your revenue streams.

(00:14:04) How to think about inflation and holding cash in your portfolio.

(00:18:39) Whether you should invest in a trend-following strategy.

(00:32:33) Why managed future exposure show is significant in your portfolio. 

(00:39:22) Is the rise of passive investing good for the active investor?.

(00:45:25) Is Robinhood good or bad for the investor?.

(00:53:45) What is the best and worst thing that has happened for ETF investors?.

(00:56:42) How a mutual fund that returned 18% annually, in reality, turned into an 11% negative return.


*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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 article that Wes Gray referred to, Trend Following and the Epidemy of no Pain no Gain. 


Tobias Carlisle's podcast, The Acquirers Podcast.


Tobias Carlisle's Acquirers Fund.


Tobias Carlisle's ETF, ZIG.

Tobias Carlisle's ETF, Deep.

Tobias Carlisle's book, The Acquirer's Multiple – Read Reviews for this book.


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


Dr. Wesley Gray's and Toby Carlisle's book: Quantitative Value – Read Reviews for this book.

Dr. Wesley Gray's website: Alpha Architect.

Dr. Wesley Gray's book: Quantitative Momentum – Read Reviews for this book.

Jake Taylor's company, Farnam Street Investments. 


Related episode - Q2 2021 Investing Mastermind episode. 



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TIP382: Investing Mastermind Q3 2021

We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
We Study Billionaires is the largest stock investing podcast show in the world with 150,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve.
This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.
And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Education

Training

Language Courses

Higher Education

K-12

Educational Technology

Business

Investing

Careers

Management & Marketing

Business News

Shopping

On today’s episode, Clay is joined by François Rochon to discuss how he’s managed to vastly outperform the market over the past 30 years. Since he started the Rochon Global Portfolio in 1993, his annual returns net of fees have been 13.6%, versus 9.2% for the benchmark.
François’s investment approach is firmly rooted in three principles — patience, humility, and rationality — which are discussed in depth during this conversation.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:17 - What led François to hiring Jean-Philippe Bouchard.
06:19 - The foundational investment principles of Giverny’s approach.
10:23 - How François realized so early in his career that you can’t predict the stock market.
19:53 - The tribal gene that sets 5% of investors apart from the rest.
29:29 - How we can be prepared for declines in the stock market.
35:37 - Why his biggest investment mistakes are mistakes of omission.
40:54 - How François views Berkshire Hathaway’s role in his portfolio.
45:27 - How François assesses the strength of a brand.
56:02 - His view on the valuation of today’s market.
68:15 - Why François is so passionate about investing.

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

BOOKS AND RESOURCES

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

Giverny Capital’s Letters.

Learn more about the Giverny Capital.

Books Mentioned: How to be Rich, Money Masters of our Time, The Craft of Investing.

Related Episode: RWH016: The Best of the Best w/ François Rochon | YouTube Video.

Follow François on LinkedIn. 

Follow Clay on Twitter. 

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

Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.

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

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HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
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TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon

Join us as Peter McCormack shares insights on blending Bitcoin with football business. We delve into his club's dual promotions, strategic investor impacts from the Winklevoss twins, and the broader influence on Bedford, including a new Universal Studios park. Learn how Bitcoin plays a role in these developments and discover actionable strategies for integrating innovative concepts into local enterprises.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
06:20 - The strategic role of Bitcoin in advancing the success of a local football club.
08:11 - The impact of high-profile investors like the Winklevoss twins on the club.
08:11 - Highlights from the "Cheat Code" Bitcoin conference and its integration with local business.
13:05 - How the club manages competitive growth and future challenges with spending caps.
17:53 - Insights into Peter McCormack's journey of owning and promoting his football team.
22:07 - The significant developments in Bedford, including plans for a Universal Studios theme park.
32:08 - Lessons on leveraging cryptocurrency in traditional businesses and community development.

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

BOOKS AND RESOURCES

Buy your Real Bedford sporting attire here.

Peter’s podcast, What Bitcoin Did.

Learn more about the Cheat Code Conference.

Peter's Twitter.

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

Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.

Check out our Bitcoin Fundamentals 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

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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast)

Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500. 

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:37 - The impact of holding cash on your portfolio returns.  
24:07 - How to understand the five different components that make up stock market returns.
33:14 - How to estimate the expected return of being invested in the S&P500.
40:57 - What the intrinsic value of Berkshire Hathaway is.
45:51 - How Berkshire Hathaway has allocated capital since 2018.

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

BOOKS AND RESOURCES

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

Stig’s 2023 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video.

Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video.

Stig’s masterclass with Chris Bloomstran on equity valuations | YouTube Video.

Chris Bloomstran’s website.

Read Chris Bloomstran’s letters to his clients. 

Buffett resource on CNBC.

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

Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.

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

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HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP625: Berkshire Hathaway w/ Chris Bloomstran

On today’s episode, Clay discusses various financial crises from the past as discussed in the book This Time is Different by Carmen Reinhart and Kenneth Rogoff.
As the saying goes, from a historical perspective, there is nothing new except what is forgotten. Today’s episode will help shed light on where our world might be heading in light of studying history.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro
06:48 - The primary types of financial crises.
08:13 - When the debt levels of a country reach an unsustainable level.
27:00 - An overview of currency debasements and currency devaluations.
27:24 - How countries tend to handle unsustainable debt levels.
30:36 - An overview of the Great Financial Crisis.
47:32 - How the interests of governments and currency holders are at odds with each other.

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

BOOKS AND RESOURCES

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

Books mentioned: This Time is Different, Broken Money, The Price of Tomorrow


Episode Mentioned: TIP587: Stock Market Crises & Bubbles w/ Brendan Hughes | YouTube Video.

Related Episode: TIP574: Broken Money w/ Lyn Alden | YouTube Video.

Follow Clay on Twitter. 

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

Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.

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

River

Toyota

Meyka

AT&T

Vacasa

Fidelity

Monarch Money

Yahoo! Finance

Long Angle

Public

USPS

American Express

Shopify


HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP624: Studying Financial History w/ Clay Finck

In our latest episode, we dive deep with Carlos Toriello into how Bitcoin’s OP_Return is pioneering election audits. We discuss transforming election skepticism into Bitcoin advocacy, highlighting Digital Witness's groundbreaking audit of Guatemala’s 2023 elections. Learn about Simple Proof, the OpenTimeStamps Protocol, and how these tools offer tamper-evident, verifiable documents, fostering trust and transparency. Join us in envisioning a future where digital integrity reshapes democracy.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:42 - The transformative potential of Bitcoin’s OP_Return for auditing elections and ensuring transparency.
02:08 - How Digital Witness became the first to verify all available election documents in Guatemala, promoting trust.
02:08 - The role of Simple Proof and Peter Todd’s OpenTimeStamps Protocol in creating tamper-evident election documents.
02:08 - Insights into the 2019 Guatemalan elections, showcasing real-world applications of blockchain for combating election fraud.
18:28 - The educational aspect of Fiscal Digital, introducing students to blockchain through gamified verification of election results.
28:23 - The concept behind "Immutable Democracy" and its implications for future election integrity.
35:34 - Recommendations for election system administrators worldwide on leveraging blockchain technology for transparency.
35:34 - A look forward to the 2027 elections and the potential for blockchain to revolutionize electoral processes further.

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

BOOKS AND RESOURCES

Link to Seb’s book: The Hidden Cost of Money.

Carlos' Twitter.

Digital Witness' Website.

Digital Witness' Email.

English friendly documentary #PaperDemocracy.

NOSTR npub: npub14advhxua8w78gl2z7q8c4s20htxkzq4cu5mhj34ep0puf7smyqzszrd7qq

NOSTR NIP 05: DigitalWitness@BitcoinNostr.com

Simple Proof's Website.

Simple Proof's Email.

Immutable Democracy Documentary.

NOSTR npub: npub145lf2q6sgqtkhjzzeza29ss6gz7qq4j6vslaa0dwanvgf58ey3us069hce

NOSTR NIP 05: simpleproof@nostr.gt

Stakwork's Website.

Stakwork's Twitter.

Stakwork's Email.

OpenTimestamps' Website.

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

Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.

Check out our Bitcoin Fundamentals 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

Meyka

AT&T

Vacasa

Fidelity

Monarch Money

Yahoo! Finance

Long Angle

Public

USPS

American Express

Shopify

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

TIP382: Investing Mastermind Q3 2021

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