On today’s episode, Clay is joined by Scott Phillips to discuss how to invest during times of max pessimism. Scott is married to and manages money with Lauren Templeton, who is Sir John Templeton’s great-niece. Sir John was one of the greatest international investors of the 20th century and the master of finding pockets of the market that were most distressed and offered the highest level of asymmetric returns. Scott Phillips is a Principal and Chief Investment Officer at Templeton and Phillips ...
Dec 22, 2023•1 hr 21 min•Ep 816•Transcript available on Metacast Preston Pysh sits down with Bitcoin Mechanic to discuss Ocean's disruptive mining pool model, emphasizing non-custodial payments and transparent block templates. They tackle the current mining centralization trend, the innovative PoW marketplace for 2024, and respond to the controversy around the alleged censorship of certain Bitcoin transactions. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 18:24 - The significance of transparent block templates in mining. 18:24 - Details of Ocean's upcoming pr...
Dec 20, 2023•2 hr 33 min•Ep 815•Transcript available on Metacast On today’s episode, Clay shares the lessons he learned from reading Elon Musk by Walter Isaacson. As our audience knows, Elon is, financially speaking, one of the world’s most successful individuals as Forbes has his net worth estimated at $248 billion, making him the richest individual on the planet. 25 years ago, Elon was making his mark in Silicon Valley in the early days of PayPal, and today he is launching dozens of rockets into orbit, taking the lead in the world’s transition to electric v...
Dec 17, 2023•2 hr 57 min•Ep 814•Transcript available on Metacast In a deep dive with Seb Bunney, author of "The Hidden Cost of Money," we explore the intricate impact of monetary systems on society. From historical interventions shaping finance to money's influence on mental health and politics, Bunney challenges mainstream views on capitalism and regulation, revealing how money shapes our world. Tune in for a thought-provoking journey through economic realities. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:34 - Uncover the societal consequences of monetar...
Dec 13, 2023•1 hr 12 min•Ep 813•Transcript available on Metacast In this special tribute, William Green celebrates the life & legacy of investing legend Charlie Munger. He shares personal anecdotes about his own interactions with Charlie & showcases an array of rich insights about Charlie from four famed investors: Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis. They share some of Charlie’s most valuable lessons about investing, business, & life while also conveying what made him such an inspiring & idiosyncratic character. IN THIS EPISODE, YOU’LL...
Dec 10, 2023•2 hr 6 min•Ep 812•Transcript available on Metacast On today’s episode, Clay is joined by Andrew Brenton. Andrew Brenton is the CEO and a co-founder of Turtle Creek. Since it’s inception in 1998, Turtle Creek has acheived an average annual return of 20% versus just 7% for the market. $10,000 invested into their fund at inception would have grown to over $885,000 as of September 30, 2023, and had that money been invested in the market, it would have been worth just under $52,000. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:21 - How Andrew’s exp...
Dec 08, 2023•1 hr 16 min•Ep 811•Transcript available on Metacast Preston Pysh brings back legal expert, Joe Carlasare and Bitcoin OG, American HODL, to talk about all things Bitcoin. This episode encompasses a wide-ranging, candid conversation about all the events happening in the Bitcoin ecosystem. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:32 - What is happening with Binance and the DOJ? 01:32 - Will the CEO of Binance potentially do any jail time? 33:32 - What is happening with Genesis and DCG? 33:32 - Did DCG defraud both retail and institutional inv...
Dec 06, 2023•1 hr 29 min•Transcript available on Metacast In this episode, Stig Brodersen talks with investment expert Lyn Alden about currencies, debt, inflation, and how to invest in an uncertain world. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:00 - Why the bull theses are always more thoughtful and plentiful, and how to account for that. 18:47 - The relationships between debt, inflation, and wars. 26:53 - How to best take advantage of debt in your portfolio. 33:53 - How capital controls work. 46:54 - How a debt restructuring works in practice. ...
Dec 03, 2023•1 hr 16 min•Ep 810•Transcript available on Metacast Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read. Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s m...
Nov 30, 2023•1 hr 6 min•Ep 809•Transcript available on Metacast James Lavish joins Preston Pysh to help understand an interesting situation where we’re starting to see failed treasury auctions, enormous recessionary pressures building in the markets, along with a reverse repo facility that’s getting drained at a breakneck pace. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:08 - What is James currently seeing that's going to dominate the markets in 2024? 21:03 - What happened with the recent treasury auction tail that caused a 3 SD move in price action? 29:...
Nov 29, 2023•1 hr 6 min•Ep 808•Transcript available on Metacast Clay Finck is joined by Brendan Hughes to chat about his new book – Markets in Chaos. The book explores various market crises including the covid-19 pandemic, hyperinflation in Zimbabwe, the stock market bubble in Iceland during the great financial crisis, and much more. Brendan is a Registered Investment Advisor for Lafayette Investments and has more than a decade of industry experience in investments and public finance. Lafayette Investments has $720 million in assets under management and prim...
Nov 26, 2023•1 hr 2 min•Ep 807•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: Why is Jeff training an AI agent to personify himself? How could such an agent potentially be used in the future? What does this mean for overall productivity for people that have the means to train such an agent? What other things might happen as a result of this AI growth? What is the difference between the way Jeff is training his AI versus the way Preston is training his? What method will win in the long-haul for training AI agents? Is there concern people shou...
Nov 22, 2023•1 hr 13 min•Ep 806•Transcript available on Metacast On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit. Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was inspired to transform this industry for the better and founded Percent in 2018. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:25 - Why we may continue to see a decline in the use of the 60/40 portfolio. 06:56 - The sta...
Nov 19, 2023•52 min•Ep 805•Transcript available on Metacast Preston Pysh talks to Parker Lewis about his most recent article, Bitcoin is Not a Hedge, what he thinks about the upcoming cycle, whether the halving cycle still matters, whether corporations will be taking a larger part in the coming cycle, and much, much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:08 - Why Parker is of the opinion that Bitcoin is NOT a hedge to inflation? 12:10 - How are you helping people visualize that Bitcoin is a store of value? 29:01 - What Bitcoin is actually ...
Nov 15, 2023•1 hr 16 min•Ep 804•Transcript available on Metacast In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:09 - What Anthony Kingsley learned from his great mentor, James Findlay. 07:22 - Why thei...
Nov 12, 2023•2 hr 42 min•Ep 803•Transcript available on Metacast On today’s episode, Clay is joined by Kyle Grieve to share a stock deep dive on Dino Polska. Dino Polska is an incredible business that has increased its store base by over 5x since 2015 and increased its earnings per share by over 10x since that time. Kyle Grieve is the host of The Millennial Investing Podcast and also helps Clay run the TIP Mastermind Community – a community built by investors, for investors. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:44 - The primary characteristics Kyle ...
Nov 10, 2023•1 hr 2 min•Ep 802•Transcript available on Metacast Preston Pysh chats with Bitcoin Magazine’s, Dylan LeClair all about the important Bitcoin news stories happening in the 4th Quarter of 2023. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:52 - How Dylan's AI adventure has progressed in 2023. 06:19 - What is causing the big moves in Bitcoin right now? 15:37 - What happens with the fixed income market from here? 41:23 - His thoughts on the Bitcoin ETF. 41:23 - What advice should Boomers take to understand Bitcoin? 43:51 - Does Dylan think cash se...
Nov 07, 2023•1 hr 22 min•Ep 801•Transcript available on Metacast In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put LVMH on his watchlist and is waiting to buy the dip. Hari’s pick, Dollar General, is down 50%, and super investors like Chris Bloonstran, Seth Klarman, and Tom Gayner have invested, and insiders have been buying too. Tobias pitches Inmode, a stock facing a lot of bad news as a result, could be trading at a very attractive price. Ensure you stay around for the end of the episode, where we s...
Nov 05, 2023•2 hr 7 min•Ep 800•Transcript available on Metacast Clay Finck is joined by Shree Viswanathan to discuss his concentrated, patient, and global approach to investing. They touch on many of the key aspects to successful long-term investing as well as one of Shree’s portfolio holdings, Dino Polska, which reminds him of Walmart in their early days. Shree Viswanathan is the founder and portfolio manager of SVN Capital. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:17 - The story of his father earning 40x on an investment despite never garnering an i...
Nov 03, 2023•1 hr 27 min•Ep 799•Transcript available on Metacast In the fourth quarter 2023 mastermind discussion with Preston Pysh, Joe Carlasare, Jeff Ross, and Steven McClurg, we cover a broad range of macro and Bitcoin topics. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:28 - The DTCC website listing various Bitcoin ETFs. 01:28 - Will the Bitcoin ETF even bring new interest to Bitcoin? 26:05 - What is happening in the treasury market right now? 33:45 - The current bull market in Bitcoin - what's driving it? 53:27 - What's the broader implications of th...
Oct 31, 2023•1 hr 16 min•Ep 801•Transcript available on Metacast In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 10:09 - What Chris Davis has learned from Buffett & Munger about aging w...
Oct 29, 2023•2 hr 17 min•Ep 798•Transcript available on Metacast Clay Finck is joined by Sahil Bloom. Sahil is the writer behind the spectacular newsletter, The Curiosity Chronicle, which has garnered 500,000 subscribers in just a few years. During this discussion, Sahil and Clay explore the philosophies and frameworks that Sahil has used to build a meaningful life that has impacted hundreds of thousands of people while also staying true to what is truly most important to him. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:57 - Sahil’s framework around findi...
Oct 27, 2023•1 hr 1 min•Ep 797•Transcript available on Metacast Preston Pysh is joined by Lightning Lab’s very own Ryan Gentry to talk about some of the new and exciting software technology that’s going to change the way people interact with the Bitcoin Lightning Network. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 05:54 - What is the Taproot Asset Protocol (TAP)? 12:05 - How can the TAP be used with Bitcoin? 15:41 - What impact will sending Dollars over the Bitcoin Network have for people needing fiat stable coins? 15:41 - What does the competition look li...
Oct 25, 2023•1 hr 9 min•Ep 796•Transcript available on Metacast Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor. Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and i...
Oct 22, 2023•1 hr 2 min•Ep 795•Transcript available on Metacast Preston Pysh talks with Jesse Myers about the FTX court findings, a few of Jesse’s recent articles on the debt spiral, the ability for institutions to perform multi-institutional Bitcoin custody, and much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:11 - Jesse's thoughts on the FTX trial. 03:50 - The impact of FTX selling Bitcoin into the last bull market. 03:50 - Does the halving event matter? 15:54 - Have we passed the event horizon for US debt? 15:54 - What outsiders are missing abou...
Oct 18, 2023•1 hr•Ep 794•Transcript available on Metacast In this episode, William Green chats with Peter Keefe, an outstanding investor who’s trounced the market over three decades. Here, Peter discusses his timeless investing principles, what he looks for in a great business, how he evaluates the quality of management, why he loves Microsoft & Markel, why managing money is a high calling, & what investors can learn from apex predators. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:55 - How Peter Keefe taught himself to invest intelligently. 07:59 - ...
Oct 15, 2023•2 hr 52 min•Ep 793•Transcript available on Metacast Clay Finck is joined by Christian Billinger to discuss his quality investing philosophy. Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:39 - What quality investing is and why it works. 04:20 - Ho...
Oct 13, 2023•55 min•Ep 792•Transcript available on Metacast During Preston Pysh's discussion with Allen Farrington, Allen provides critical thought experiments and challenges to many of the ideas that plague Wall Street and business schools. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 04:56 - What does the UFC have to do with economics and money? 08:28 - The Efficient Market Hypothesis. 19:18 - Is risk volatility? 19:18 - The Capital Asset Pricing Model. 31:10 - This is NOT capitalism. 34:49 - The flaws in using GDP. 44:21 - Thoughts on Bitcoin and deri...
Oct 11, 2023•53 min•Ep 791•Transcript available on Metacast On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on kindness, they discuss what has made them Richer, Wiser, or Happier in the past quarter IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:27 - How not to let negative emotions run 21:15 - How to stay humble in your search for your approach 32:36 - How to set up a process for validating the truth 58:35 - How to play games you are equipped to win 1:07:13 - How to understand...
Oct 08, 2023•2 hr 38 min•Ep 790•Transcript available on Metacast Clay is joined by Shane Parrish to discuss his New York Times bestselling book Clear Thinking – Turning Ordinary Moments into Extraordinary Results. Many people fall prey to making decisions based on our instincts and our gut feelings. Shane’s book gives you the tools to recognize those moments that reshape how you navigate the critical space between stimulus and response. Shane Parrish is the founder of the highly-esteemed blog Farnam Street and also the host of The Knowledge Project Podcast, w...
Oct 06, 2023•55 min•Ep 789•Transcript available on Metacast 
