IN THIS EPISODE, YOU’LL LEARN:

01:44 - Where Jeremy thinks we’ll go from here!

06:10 - Why he believes rates will climb higher for longer.

14:27 - How today’s market and economy may start to resemble the stagflation of the 1970s and 80s.

29:03 - Why important resources are in short supply.

42:29 - The best technologies fighting climate change.

1:01:17 - The risk in Emerging and other markets outside of the US.

And a whole lot more!


*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.

GMO's Website.

Jeremy’s Papers.

Grantham Foundation Website.

Related Episode - TIP371: The Top Of The Cycle w/ Jeremy Grantham.


Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.

Check out our favorite Apps and Services.


New to the show? Check out our We Study Billionaires Starter Packs.


SPONSORS
Support our free podcast by supporting our sponsors:

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Toyota

CI Financial

AT&T

Yahoo! Finance

Long Angle

iFlex Stretch Studios

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HELP US OUT!
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TIP466: The Bear Has Arrived w/ Jeremy Grantham

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 show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $12.51 vs. $4.72 for the S&P500. In the interview, Mohnish Pabrai discusses his approach to a congruent life. 

Disclaimer: Stig Brodersen is invested in Pabrai Funds. 

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
10:14 - Which decisions Mohnish Pabrai made to improve his happiness.
15:06 - How to use the Buffett system to grade people.
26:02 - Why Mohnish likes to play bridge more than poker.
31:06 - Which principles Mohnish lives by.
38:58 - How Buffett and Mohnish (do not) take notes.

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.

Mohnish Pabrai’s website.

Learn more about Mohnish Pabrai’s Dakshana Foundation.

Our interviews with Mohnish Pabrai about Masterclass Investing | YouTube Video.

Our interviews with Mohnish Pabrai about investing in stocks | YouTube Video.

Our interviews with Mohnish Pabrai about value investing and philanthropy | YouTube Video.

Our interviews with Mohnish Pabrai about value investing | YouTube Video.


Our interviews with Mohnish Pabrai about value investing in 2021 | YouTube Video.


Our interview with William Green about Mohnish Pabrai and much more | YouTube Video.

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

Toyota

CI Financial

AT&T

Yahoo! Finance

Long Angle

iFlex Stretch Studios

Public

American Express

USPS

NerdWallet


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

TIP628: The Inner Scorecard w/ Mohnish Pabrai

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q2 2024. This quarter, they discuss Lululemon.

Lululemon is well-known in the world of quality investors, and the share price has recently declined by over 30%. Tune into today’s episode to hear Clay and Kyle’s thoughts on Lululemon’s business and what the prospective returns might look like going forward.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
09:09 - The competitive advantages of Lululemon.
21:53 - How Lululemon’s margins compare to their competitors.
33:24 - What will drive Lululemon’s future growth.
37:46 - How large Lululemon’s total addressable market is.
44:13 - Our assessment of the management team and balance sheet.
60:24 - Our thoughts on the valuation.
67:29 - Lululemon’s most important key performance indicators. 

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: The Story of Lululemon, 7 Powers


Related Episode TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video.

Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve | YouTube Video.

Follow Kyle on Twitter.

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

Toyota

CI Financial

AT&T

Yahoo! Finance

Long Angle

iFlex Stretch Studios

Public

American Express

USPS

NerdWallet


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

TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve

Dive deep into Bitcoin's evolution with expert Max Hillebrand. We unravel Mises' action axiom, Hoppe's private property origins, and Rothbard's economic theories. Discover Wasabi Wallet's role in privacy, the potential of Ocean mining, and strategies for Bitcoiners to enhance anonymity. Max also shares his take on Bitcoin's path to ossification and how institutions can shield assets against regulatory overreach.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:54 - The principles of Ludwig von Mises' economic dualism and the axiom of action.
06:23 - Hermann Hoppe's theory on private property as a natural emergence.
10:11 - The significance of Murray Rothbard's "Man, Economy, and State, with Power and Markets."
12:59 - An inside look at Bisq and the passion driving decentralized finance platforms.
27:29 - The role of covenants in Bitcoin and their potential to enhance transaction privacy.
34:26 - Innovations in Bitcoin mining pools and the impact of Ocean Bitcoin mining.
38:59 - Strategies beyond CoinJoin for improving privacy for Bitcoin transactions.
01:00:46 - How institutions can use Bitcoin technology to protect their financial sovereignty and self-custody assets.

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

BOOKS AND RESOURCES

Max Hillebrand on X (Twitter).

Max's website with links to his projects.

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

CI Financial

AT&T

Yahoo! Finance

Long Angle

iFlex Stretch Studios

Public

American Express

USPS

NerdWallet


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

BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast)

In this episode, William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs an investment firm called Oakcliff Capital. Bryan almost never gives interviews, so this is a rare opportunity to hear him speak in depth about the advantages of a concentrated value strategy, how he finds new investments, what 6 questions he asks when analyzing any stock, what he’s learned from Buffett & Munger, & how to build a happy life.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
05:42 - What Bryan Lawrence learned from his hugely successful father.
16:30 - What Charlie Munger taught Bryan. 
33:07 - How Shelby Cullom Davis turned $200,000 into $800 million.
39:14 - How Bryan has consciously built an investing edge.
43:25 - What he learned from meeting Warren Buffett.
47:15 - Why Bryan looks for three specific characteristics in any business.
59:18 - How to beat the market by making infrequent bets. 
1:08:19 - Why he’s obsessed with identifying where he’s wrong.
1:10:17 - How he searches for new investment ideas.
1:14:32 - How he structures his day.
1:44:20 - How to think rationally about fossil fuels & climate change.
1:49:1 - How to build a happy life & great relationships.

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

BOOKS AND RESOURCES

Bryan Lawrence’s investment firm, Oakcliff Capital.


Check out Poor Charlie’s Almanack.


Dean Ornish & Anne Ornish's book Undo It.


Robert Cialdini's book Influence.


Alain de Boton's book The Consolations of Philosophy.


Douglas Stone, Bruce Patton, & Sheila Heen's book Difficult Conversations.


John Rothchild's book The Davis Dynasty.


Vaclav Smil's book How the World Really Works.


David Mackay's book Sustainable Energy Without the Hot Air.


Gillian Zoe Segal's book Getting There.


William Green’s podcast interview with Chris Davis | YouTube Video


William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.

Follow William Green on X.


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.

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

CI Financial

AT&T

Yahoo! Finance

Long Angle

iFlex Stretch Studios

Public

American Express

USPS

NerdWallet


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

RWH044: How To Beat The Market w/ Bryan Lawrence

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

Toyota

CI Financial

AT&T

Yahoo! Finance

Long Angle

iFlex Stretch Studios

Public

American Express

USPS

NerdWallet


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

TIP466: The Bear Has Arrived w/ Jeremy Grantham

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