Kiyan Zandiyeh is the Chief Investment Officer for Sturgeon Capital. He has extensive experience with early-stage business and pioneer investing. Throughout the show, we talk about different countries and how to assess equities inside of those countries. IN THIS EPISODE, YOU’LL LEARN: How to invest in frontier markets from A-Z. Why frontier market investing should have a place in any well-diversified portfolio. How to assess the political and currency risk of a country. How to do boots-on-the-gr...
Jul 19, 2020•46 min•Ep 306•Transcript available on Metacast George Gammon talks about the structural impact that COVID is having on the American real estate market and infrastructure. IN THIS EPISODE YOU’LL LEARN: What COVID is doing to residential real estate in major cities. What COVID is doing to the infrastructure for colleges & commercial real estate. FANG Stocks & central banking policy. Ray Dalio's thoughts on the limits of central banking policy. Ray Dalio's thoughts on where people need to be positioned based on policy. Jeff Gundlach's opinions ...
Jul 12, 2020•47 min•Ep 305•Transcript available on Metacast Stig and Preston talk about the current market conditions and what kind of investments they think will perform in such a challenging environment. They talk about two different specific stock picks that have good valuations and good momentum characteristics. IN THIS EPISODE YOU’LL LEARN: How Preston and Stig’s valuation process has changed since they started We Study Billionaires in 2014. How moats in the 21st century are different than in the 20th century. Why a gold standard is inflationary. Ho...
Jul 05, 2020•1 hr•Ep 304•Transcript available on Metacast Lyn Alden talks about how discount rates have changed, how investors should be thinking about risk-free rates, investing in nominal terms versus buying power terms, and more. Lyn has been in the investment research space for more than 15 years, and she’s a contributor to major publications like Forbes, Business Insider, CNBC, and many others. IN THIS EPISODE YOU’LL LEARN: How money is printed and why it has changed. What is the role of swap lines during the COVID-19? Why you should use the expec...
Jun 27, 2020•1 hr•Ep 303•Transcript available on Metacast Arif Karim talks about how he has adjusted his portfolio based on the impacts of COVID-19. He provides an intrinsic value pitch for the fascinating medical technology company, Intuitive Surgical. Arif is the senior investment analyst from Ensemble Capital Management. IN THIS EPISODE YOU’LL LEARN: How to manage your portfolio during COVID-19. How to profit from secular trends. How to value a high growth company. What is the intrinsic value of Intuitive Surgical? Ask the Investors: Why is the econ...
Jun 21, 2020•1 hr 7 min•Ep 302•Transcript available on Metacast Preston Pysh and Stig Broderson talk to Grant Williams, the co-founder of Real Vision TV and the popular website, Things That Make You Go Hmmm, and Luke Gromen, the founder of the research firm, Forest for the Trees. IN THIS EPISODE YOU’LL LEARN: How can the US continue printing dollars without the dollar significantly weakening? Which role the treasury market has in the geopolitical situation between the US and China? Whether the US could end up like the Weimar Republic or Venezuela. Why is gol...
Jun 14, 2020•1 hr 19 min•Ep 301•Transcript available on Metacast On this episode, Preston and Stig do a current market update. They cover corporate debt and the Fed. IN THIS EPISODE, YOU’LL LEARN: Why the FED buying corporate debt is distorting the capitalist system. What is the relationship between money supply, price inflation, and inflated assets? How to invest internationally. Why European big tech companies can’t compete with US and Asia counterparts. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing ...
Jun 07, 2020•55 min•Ep 300•Transcript available on Metacast On today's show Preston and Stig are Joined with Tobias Carlisle and Hari Ramachandra to pitch their favorite stock picks for the 2nd quarter of 2020. IN THIS EPISODE, YOU'LL LEARN: What is the intrinsic value of Berkshire Hathaway? What is the intrinsic value of Markel? What is the competitive advantage of eBay and what is the intrinsic value? Why Spotify might be undervalued at a $30B valuation even though it’s not making any money ·Ask The Investors: How are Preston and Stig managing their st...
May 30, 2020•1 hr 22 min•Ep 299•Transcript available on Metacast On today's show, Preston and Stig have a second part episode cover the Berkshire Hathaway Shareholders Meeting for 2020 (part 2). IN THIS EPISODE, YOU'LL LEARN: Will Berkshire Hathaway outperform S&P500? What are the inflationary and deflationary risks for Berkshire Hathaway’s capital intensive businesses? Why didn’t Buffett repurchase more Berkshire Hathaway stocks so far in the corona crisis? Can the US government default on its bonds? Ask The Investors: When do you sell your profitable stocks...
May 24, 2020•53 min•Ep 298•Transcript available on Metacast On today's show, Preston and Stig cover the Berkshire Hathaway Shareholders Meeting for 2020 (part 1). IN THIS EPISODE, YOU'LL LEARN: Why did Warren Buffett sell his airline stocks? Whether Warren Buffett recommends that retail investors buy stocks now? Why Berkshire Hathaway hasn’t acted more in the financial markets during the corona crisis so far. How does Warren Buffett allocate capital across Berkshire Hathaway. Ask The Investors: What does “cash is trash” mean? BOOKS AND RESOURCES Join the...
May 17, 2020•1 hr•Ep 297•Transcript available on Metacast On today's show, Preston and Stig talk about the current market conditions in May 2020. Currently, the stock market continues to rise after record-breaking unemployment and intense government stimulus. IN THIS EPISODE, YOU'LL LEARN: What is happening in the stock market right now. How Preston and Stig are positioned in the market. Whether the US is falling into the same liquidity trap as Japan. Pros and cons of fiat currencies. Stock market similarities and differences to 1929. Ask The Investors...
May 10, 2020•1 hr 16 min•Ep 296•Transcript available on Metacast On today's show, we talk to entrepreneur and value investing legend, Mohnish Pabrai. Mohnish is the founder of Pabrai Investment Funds and has outperformed the S&P500 for two decades. IN THIS EPISODE, YOU'LL LEARN: How Mohnish Pabrai thinks about biases. Why and how Mohnish Pabrai uses his checklist in stock investing. How has the shorter tenure of stock in S&P500 made Mohnish think of compounders. Why Mohnish started Dakshana foundation. How Mohnish Pabrai uses his investor mindset to give to c...
May 03, 2020•55 min•Ep 295•Transcript available on Metacast On today's show, we talk to entrepreneur and best selling author, Jeff Booth. Jeff is the author of, The Price Of Tomorrow, which is a book about why deflation is the key to an abundant future. IN THIS EPISODE, YOU'LL LEARN: Why we have too much debt and not enough growth in the world. Why we need monetary policies deflation on a global scale. Why we won’t have a new Bretton Woods. Why technology is massive deflationary. Why and how to invest in businesses that have the best networking effect. A...
Apr 26, 2020•1 hr 9 min•Ep 294•Transcript available on Metacast On today's show, Stig and Preston talk with investment experts Bill Nygren and Mike Nicolas from Oakmark Funds. The topic is determining the intrinsic value of a company and the company being assessed is Bank of America. IN THIS EPISODE, YOU'LL LEARN: How to estimate the intrinsic value of Bank of America. How to understand bank valuations based on tangible book value. How to read the yield curve and what it means for profitability for banks. How to understand the competitive situation between W...
Apr 19, 2020•49 min•Ep 293•Transcript available on Metacast On this podcast, Stig Brodersen talks with Leland Miller who's an investment expert on the Chinese economy. IN THIS EPISODE, YOU'LL LEARN: How the Chinese central bank operates, and which interests they have in manipulating their interest rate. What the real drivers behind the trade war are. How to understand the Chinese economy and the impact of the US and the rest of the world. Why China will soon grow only 1-2% annually. Why the Chinese banking system prevents acute crises, but also limits gr...
Apr 17, 2020•43 min•Ep 292•Transcript available on Metacast On today's show, we have a commodity investment expert, Marin Katusa. He talks about the supply-demand impacts of COVID-19 and what it means for the precious metals and oil markets. IN THIS EPISODE, YOU'LL LEARN: What is going on behind the scenes of the FED and why they do doing swap lines with USD. Why Marin Katusa is bull on Equinox Gold and Liberty Gold. A practical guide to investing in the gold sector. What happened to the price of oil. The new relationship between, gold, USD, and the pric...
Apr 12, 2020•52 min•Ep 291•Transcript available on Metacast On today's show, Preston Pysh and Stig Brodersen talk about the current market conditions on 4 April and how COVID-19 is impacting the Stock, Bond, & Commodities market. IN THIS EPISODE, YOU'LL LEARN: Understanding what is happening in the stock market right now. What Preston and Stig are looking at in the stock market. Understanding quantitative easing and FED’s balance sheet in a time of crisis. Understanding inflation and deflation pressures and how it impacts the economy and financial market...
Apr 05, 2020•1 hr 14 min•Ep 290•Transcript available on Metacast On today's show, Preston Pysh and Stig Brodersen talk to Jake Taylor about the intrinsic value of Berkshire Hathaway. Jake is a value investor and the CEO & founder of Farnam Street Investments. IN THIS EPISODE, YOU'LL LEARN: The most important takeaways from Warren Buffett’s most recent letter to shareholders. An overview of the five major segments of Berkshire Hathway. What is the moat of Berkshire Hathaway after Warren Buffett and Charlie Munger. Should Berkshire Hathaway be used as a substit...
Mar 29, 2020•51 min•Ep 289•Transcript available on Metacast On today's show, Preston Pysh and Stig Brodersen talk about the current market conditions and how COVID-19 is impacting the Stock, Bond, & Commodities market. IN THIS EPISODE YOU’LL LEARN: How Preston and Stig were positioned before the stock market crashed. How Preston and Stig are positioning themselves today. Why Preston thinks we’re heading into global hyperinflation. Why Stig thinks that now is a good time to add to your compounders in the stock market. What the FED and the ECB are doing ri...
Mar 22, 2020•1 hr 14 min•Ep 288•Transcript available on Metacast On today's show, we have value investing expert, Vitaliy Katsenelson, to talk about market cycles and investing with the fundamentals. IN THIS EPISODE YOU’LL LEARN: Why value investors don’t understand how Warren Buffett does factor in macroeconomics events. The biggest misperception of dividend investing. How to measure value in growth. How to invest in companies with predictable earnings. Ask The Investors: How to make a living in investing when your holding period is forever? BOOKS AND RESOUR...
Mar 15, 2020•43 min•Ep 287•Transcript available on Metacast On today's show, we have the mastermind discussion for the 1st Quarter of 2020. The group talks about various investing ideas and the crazy dynamics currently playing out in the stock market. IN THIS EPISODE YOU’LL LEARN: What the Intrinsic value is of ExxonMobil and Etsy. Why Exxonmobil’s plan for 2025 may indicate a 16% annualized return for you as a stock investor. If ExxonMobil’s 7% dividend is sustainable. Why Preston thinks that Bitcoin could go to $20,000 by the end of 2020 and $200,000 b...
Mar 08, 2020•1 hr 12 min•Ep 286•Transcript available on Metacast On today's show, we talk to Harvard professor, Laura Huang, about her new book, Edge. Her book talks about turning your adversities into advantages. IN THIS EPISODE YOU’LL LEARN: Why hard work is not enough to be successful, and what you can do about it. Know how others see you, so you can redirect them how they should see you. How to turn your weaknesses into assets. What you can learn from starting with $5 in capital. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in...
Mar 01, 2020•32 min•Ep 285•Transcript available on Metacast On today's show, we talk to Bitcoin legal expert, Caitlin Long, about how U.S. States like Wyoming are establishing laws to support Bitcoin and digital currencies moving forward. IN THIS EPISODE YOU’LL LEARN: What states like Wyoming are doing to attract Bitcoin companies into the state. How the definition of legal tender impacts the legal treatment of Bitcoin. Can/would the US shut down Crypto exchanges. Can/would the US government ban cryptocurrencies. What are the new laws Secretary Mnuchin i...
Feb 23, 2020•59 min•Ep 284•Transcript available on Metacast On today's show we have Ian Formigle from Crowdstreet to talk about emerging trends in commercial real estate. IN THIS EPISODE, YOU'LL LEARN: Which trends that are important to follow in 2020 and beyond in commercial real estate. What the impact is of student debt on real estate in the decades to come. Why investors should consider purchasing multifamily assets and conservatively leverage the investment. with cheap 10-year fixed-rate debt. How to understand the various financing opportunities in...
Feb 16, 2020•49 min•Ep 283•Transcript available on Metacast On today’s show we talk to Erik Townsend about the potential impact of the Novel Coronavirus (COVID-19) on the global economy. IN THIS EPISODE, YOU'LL LEARN: What is the impact to the supply chain. What are some of the key figures we know today. The reflexive impact of fear on spending. The impact on Airlines. Asymptomatic transmission impacts. What's the good news. Impact for Big Pharma. The impact on Stocks versus bonds. Central Banking response. What's next? BOOKS AND RESOURCES Join the exclu...
Feb 12, 2020•53 min•Ep 282•Transcript available on Metacast On today’s show we talk to Sean Stannard-Stockton about the intrinsic value of Mastercard (MA) IN THIS EPISODE, YOU'LL LEARN: What is the intrinsic value of Mastercard? How Apple has validated that Mastercard is the payment method of the future. Why Fintech is not disrupting Mastercard but accelerating its growth. The risks of investing in Mastercard. How to understand networking effects in business. Ask the Investors: How many stocks should a beginning investor own? BOOKS AND RESOURCES Join the...
Feb 09, 2020•59 min•Ep 281•Transcript available on Metacast On today's show, we talk to financial history expert, Scott Nations, about the United States's five most impactful crashes. IN THIS EPISODE, YOU'LL LEARN: An in-depth analysis of the stock market crashes in 1907, 1929, 1987, 2008, and 2010. The similarities between the FED’s monetary policy in 1929 and today. How the stock market could decline by 22.6% in a single day in 1987. How the incentives for homeowners and investment bankers in 2008 destroyed the stock market. Why the next crash is going...
Feb 02, 2020•57 min•Ep 280•Transcript available on Metacast On today's show, we talk to macro expert, Luke Gromen, about the stock market melt-up. IN THIS EPISODE, YOU'LL LEARN: How the FED will react to a sell-off in the stock market. How much countries’ balance sheets can grow. Why the FED is committed to financing US deficits. Why inflation is a misunderstood concept. If there is a risk for the US to go into hyperinflation. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Cl...
Jan 26, 2020•1 hr 1 min•Ep 279•Transcript available on Metacast On today's show, we talk to investment expert, Cullen Roche, about contrarian market ideas at the start of 2020. IN THIS EPISODE, YOU'LL LEARN: Why you can’t truly be a passive investor. Why the stock market is a better inflation hedge than gold. What are the differences and similarities between financial markets and the economy. If the US government running out of money. Ask The Investors: Should I invest in a leveraged ETF if I think the stock market will go up over the next few decades? BOOKS...
Jan 19, 2020•1 hr 3 min•Ep 278•Transcript available on Metacast On today's show, we talk about the intrinsic value of Disney. Our guest is David Trainer who's the founder and CEO of New Constructs. IN THIS EPISODE, YOU'LL LEARN: What is the intrinsic value of Disney. Why return on invested capital is so important to understand and to use. How to understand earnings calls. Ask The Investors: How do I start managing money for other people? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with S...
Jan 12, 2020•45 min•Ep 277•Transcript available on Metacast 
