In today’s episode, Trey Lockerbie sits down with Brad Stone, the Senior Executive Editor for Global Technology at Bloomberg. Brad is also a New York Times and Wall Street Journal bestselling author of titles such as The Everything Store, The Upstarts as well as his new book Amazon: Unbound. IN THIS EPISODE, YOU'LL LEARN: (02:07) Why his first book on Amazon deserved a sequel (11:05) Amazon’s explosive growth in multiple industries, as well as failures like the Fire phone. (25:36) The leadership...
Jul 18, 2021•52 min•Ep 396•Transcript available on Metacast In today’s episode, Trey Lockerbie welcomes back Ben Claremon and Eugene Robin from Cove Street Capital. They quickly touch on the performance of Lumen Technologies, a stock they pitched on our show back in December 2020, whose price subsequently has risen 50% in Q1. But for this episode, Claremon and Robin mainly discuss the Race to Space and their position in Viasat. If you only follow the headlines, you would think Elon Musk is on an unencumbered path to space domination, especially with his ...
Jul 16, 2021•1 hr 10 min•Ep 395•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 04:02 - Jack Mallers' recent El Salvador announcement and what it all means 15:12 - Creating equity versus always being an employee 27:08 - What is the user interface like in El Salvador for Strike users? 32:53 - How is Jack going to bring near-zero exchange fees for buying Bitcoin to Strike? 42:35 What impact do near-zero fees have on other exchanges that offer Altcoins? 54:16 Which other countries contact Jack? 01:01:30 - What does opening a Strike API mean for t...
Jul 14, 2021•1 hr 11 min•Ep 394•Transcript available on Metacast In today’s episode, Trey Lockerbie sits down with Chief Investment Officer and New York Times bestselling author, Robert Hagstrom. Robert has written multiple books, especially on Warren Buffett including The Warren Buffett Way, The Warren Buffett Portfolio, Investing The Last Liberal Art, and his latest book Warren Buffett: Inside The Ultimate Money Mind. IN THIS EPISODE, YOU'LL LEARN: (05:08) The evolution of Warren Buffett’s investing style (03:07) The meaning behind the phrase “Money Mind” t...
Jul 11, 2021•1 hr 2 min•Ep 393•Transcript available on Metacast In today’s episode, Trey Lockerbie sits down with one of his favorite portfolio managers, Andrew Walker from Rangeley Capital. Trey took the opportunity to dig deeper on SPACs with Andrew, who is currently running a SPACs focused fund. This episode has been recorded in early June and a few weeks later, Pershing Square announced a 10% SPACquisition of Universal Music Group, which was not listed in the rumored roster of prospects, but makes the conversation even more interesting. IN THIS EPISODE, ...
Jul 09, 2021•51 min•Ep 392•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:33 - Why Tuur's account became more private 05:54 - What are the main changes in the Bitcoin space since 2017? 06:14 - Tuur's thoughts on mining 10:11 - The 28% difficulty adjustment and China 38:41 - The Bitcoin reformation article 01:00:09 - Ethereum vs. Bitcoin 01:00:41 - PoS vs. PoW 01:12:26 - Defi in general and on Bitcoin 01:16:02 - Stable coins and tether 01:17:44 - Thoughts on generating Alpha with Bitcoin *Disclaimer: Slight timestamp discrepancies may ...
Jul 07, 2021•1 hr 19 min•Ep 391•Transcript available on Metacast On today’s show, Stig Brodersen speaks with the CEO of AcreTrader Carter Malloy about Farmland investing. With rising inflation and Bill Gates being America’s top farmland owner with a $690 million investment, we want to understand the nuts and bolts of the $9 Trillion asset class. IN THIS EPISODE, YOU'LL LEARN: (01:45) Why Farmland investing is hedging your inflation exposure (14:52) What are the risks when investing in Farmland (34:35) Disruption in Farmland investing, including global warming...
Jul 04, 2021•51 min•Ep 390•Transcript available on Metacast In today’s episode, Trey Lockerbie sits down with Ross Gerber, the CEO of Gerber Kawasaki - a financial advisory firm which currently manages over $1.9 billion. Ross helped pioneer the popularity of what we now know as Fintwit - essentially using Twitter and other social media platforms for financial content and discussion. He’s a regular on Bloomberg and CNBC as well as a contributor to Forbes. IN THIS EPISODE, YOU'LL LEARN: (01:37) The recent statements from FED chairman, Jerome Powell and wha...
Jul 02, 2021•58 min•Ep 389•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:53 - Learn about Jason's first company that he sold for 300 million 08:24 - Jason's thoughts about growing a business to a national level 15:51 - Jason's thoughts on leadership 32:28 - How Jason started his Bitcoin mining business 40:40 - Jason's thoughts on Bitcoin mining and China 41:50 - China's hash rate migration to other domains 47:32 - Jason's thoughts on El Salvador 01:05:09 - Jason's best advice to new Bitcoiners 01:09:31 - How Jason got involved with M...
Jun 30, 2021•1 hr 24 min•Ep 388•Transcript available on Metacast For this week’s Mastermind discussion, Stig Brodersen has invited Tobias Carlisle from Acquirer's Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is how they can best help the TIP Community. IN THIS EPISODE, YOU'LL LEARN: (01:41) How to think about cycles in value investing (19:54) How to create your own free MBA (34:27) The tax advantages you get with ETF investing (43:52) Why Franklin Covey is vastly undervalued BOOKS AND RESOURCES...
Jun 27, 2021•1 hr•Ep 387•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 04:25 - How Alyse Killeen got started in Bitcoin and Venture Capital 13:45 - What Alyse looks for when finding a great company in the Bitcoin space 15:20 - What the board room conversations sound like today 20:21 - Alyse thoughts on Defi and smart contracts on Bitcoin 25:07 - How Lighting will evolve in the coming 5 years 33:11 - How stable coins will evolve moving forward 39:31 - How the lending and borrowing market will progress in the future 50:16 - Her thoughts...
Jun 23, 2021•1 hr 1 min•Ep 386•Transcript available on Metacast In today’s episode, Trey Lockerbie welcomes back Bill Nygren and Mike Nicolas from Oakmark Funds, which currently manages over $60B in assets. When Bill and Mike were on the show last time back in April of 2020, we discussed Bank of America. Since then, BOA’s stock price has risen over 100%, so Trey takes the opportunity to discuss how they value the stock today. But, the main point of today's discussion is to take a deep dive into a potentially surprising value pick: Facebook. IN THIS EPISODE, ...
Jun 22, 2021•52 min•Ep 385•Transcript available on Metacast In today’s episode, Trey Lockerbie sits down with Chamath Palihapitiya. Chamath is the founder and CEO of Social Capital, his conglomerate focused on solving climate change and inequality, which he has referred to as Berkshire Hathaway 2.0. Chamath was an early executive at Facebook and then went on to become a super successful Venture Capitalist, with early investments into Amazon, Tesla, Slack, and Bitcoin. He’s also now the Chairman of Virgin Galactic and a part-owner of the Golden State Warr...
Jun 20, 2021•53 min•Ep 384•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: Why Blockchain technology doesn't work for CBDC The difference between Public and Private keys What is XPub? What is multi-sig, and why is it important? Seed Storage Security concerns that people might have overlooked Firmware updates on hardware wallets Why the taproot upgrade is important BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Nick Neuman...
Jun 16, 2021•1 hr 6 min•Ep 383•Transcript available on Metacast In this week’s episode, Trey Lockerbie sits down with NYT best-selling author and investor, Marin Katusa. Marin is a contrarian value investor who specializes in gold, uranium, rare earth, and most recently, carbon credits. IN THIS EPISODE, YOU'LL LEARN: 00:01:45 - How we should view the recent performance of gold and silver, as inflation starts to rise 00:07:16 - How uranium is an asymmetric opportunity but comes with a lot of nuances 00:20:44 - How Carbon Credits are the best-performing asset ...
Jun 13, 2021•1 hr 12 min•Ep 382•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: Learn why Jack Dorsey is so bullish on Bitcoin What surprised Alex the most in his interview with Jack Jack's thoughts on other crypto tokens Alex's thoughts on the PetroDollar system El Salvador's announcement on Bitcoin being legal tender Sovereign game theory BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Alex Gladstein on Twitter Alex's nonprof...
Jun 09, 2021•1 hr 7 min•Ep 381•Transcript available on Metacast In today’s episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra for the Mastermind Discussion of Q2 2021. Together, they discuss where they see value in the financial markets. They try and shoot holes in each other’s stock picks and help each other as much as possible. IN THIS EPISODE, YOU'LL LEARN: Whether now is the time to invest in gold miners Why Hari is long Splunk Technologies whereas Toby is shorting the same pick What social commerce is and how it will be the new form ...
Jun 06, 2021•1 hr 13 min•Ep 380•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: When will Bitcoin's volatility potentially impact the broader global economy? The current on-chain analytics China Mining update Bitcoin derivatives and how they impacted the sell-off Proof of Work versus Proof of Stake Security tradeoffs Are institutional investors still putting Bitcoin on the balance sheet? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community m...
Jun 02, 2021•2 hr 30 min•Ep 379•Transcript available on Metacast In today’s episode, Trey Lockerbie sits down with Morgan Housel, who is a partner at Venture Capital and PE firm Collaborative Fund. He’s a former columnist at The Motley Fool and Wall Street Journal, and also the author of the international best-selling book, The Psychology of Money. IN THIS EPISODE, YOU'LL LEARN: How time is the biggest factor in Warren Buffett’s success How Ben Graham wouldn’t read his own book today How success is a lousy teacher How Risk and Luck go hand in hand And how to ...
May 30, 2021•1 hr 12 min•Ep 378•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: What is Fold all about Will Reeves' background in tech How Will built Fold from the ground up How rewards programs work with vendors for discount gift cards How Fold is using the lightning network for processing some payments How Fold and Strike worked interoperably without any permissions How Fold will service all Bitcoin rewards for Visa customers moving forward BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investin...
May 26, 2021•1 hr 4 min•Ep 377•Transcript available on Metacast In today’s show, Stig and Trey discuss the 2021 Berkshire Hathaway Annual Shareholders meeting. They play the most insightful responses from Warren Buffett and Charlie Munger and explain the implications to stock investors. IN THIS EPISODE, YOU'LL LEARN: Why Buffett wasn’t greedy when others were fearful during the pandemic Why Buffett sold Apple stocks, and whether Munger agreed with the decision What Warren Buffett and Munger think about Modern Monetary Theory What we can learn from Buffett co...
May 23, 2021•1 hr 18 min•Ep 376•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: What Elon Musk's impact will be w/ Bitcoin Bitcoin energy concerns Bitcoin centralization concerns Bitcoin Payment times Stanley Druckenmiller's comments on the dollar losing global reserve status How are corporate boards viewing the Bitcoin volatility How Bitcoin helps fix an inflationary monetary system Ethereum's bull run versus Bitcoin's bull run BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions ...
May 19, 2021•1 hr 15 min•Ep 375•Transcript available on Metacast On today’s episode, Trey Lockerbie sits down with internet entrepreneur Scott Lynn, who most recently founded the company Masterworks, which allows smaller investors to invest in multi-million dollar pieces of art. IN THIS EPISODE, YOU'LL LEARN: Why you should consider Art as part of your portfolio What are the risks involved, but also, the potential rewards Where to start when examining the art market How you can get started, and much much more BOOKS AND RESOURCES Join the exclusive TIP Masterm...
May 16, 2021•56 min•Ep 374•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: Why Joe Kelly founded Unchained Capital Management Why are people willing to borrow at such high interest rates when traditional borrow has such low interest rates What direction do they see interest rates going in the coming year When will people be able to make deposits and earn interest while still controlling 1 of 3 private keys Where do they see the space in 5 years Parker's thoughts on the lightning network BOOKS AND RESOURCES Join the exclusive TIP Mastermin...
May 12, 2021•1 hr 6 min•Ep 373•Transcript available on Metacast In 2020, there were six companies that made up 25% of the S&P 500 and you know which ones they are: Facebook, Amazon, Apple, Netflix, Google, and Microsoft. The common denominator driving the growth for all of these companies is Artificial Intelligence. Google’s CEO, Sundar Pichai has described the development of AI as “more profound than fire or electricity,” but it is still very misunderstood. Everyone has a sci-fi image that appears in their head when they hear about AI, but what actually is ...
May 09, 2021•1 hr 1 min•Ep 372•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: Adam and Plan B's opinions on the current market conditions What Adam and Plan B believe is causing the massive contango trade What Adam and Plan B think the implications of the contango trade could mean for Bitcoin moving forward Where they think we are currently at in the market cycle Thoughts on Bitcoin Fungibility Bitcoin Hashrate drop Lightning adoption Why do you think Satoshi picked every 4 years for a halving cycle BOOKS AND RESOURCES Join the exclusive TIP...
May 05, 2021•2 hr 42 min•Ep 371•Transcript available on Metacast On today’s show, Stig Brodersen talks with famous value investor Mohnish Pabrai. They explore Mohnish Pabrai's new investment framework and how retail investors can clone it. IN THIS EPISODE, YOU'LL LEARN: Why 2020 has been the year where Mohnish Pabrai learned the most since he found Warren Buffett in 1994 Why the Spawning framework is, and why it’s better than buying back shares Where Mohnish would like to add to his circle of competence with no time cost Why watching paint dry is the core of ...
May 02, 2021•1 hr 1 min•Ep 370•Transcript available on Metacast IN THIS EPISODE, YOU'LL LEARN: Alex got started in Bitcoin many years ago How the Human Rights Foundation (HRF) thinks Bitcoin can help Bitcoin, hashing, and China What are the biggest barriers to entry for people in less fortunate areas Bitcoin in Venezuela, Turkey and other areas that have high levels of debasement Lightning network versus on chain Bitcoin Alex's thoughts on privacy compared to other tokens Banning Bitcoin and the impact for the countries that have tried BOOKS AND RESOURCES Jo...
Apr 28, 2021•1 hr 22 min•Ep 369•Transcript available on Metacast On today’s show, Stig has invited famous investor Chris Bloomstran from Semper Augustus to teach us a masterclass about valuation techniques. It’s no surprise that Chris Bloomstran is heavily followed on Dataroma alongside investors like Warren Buffett and Howard Marks. IN THIS EPISODE, YOU'LL LEARN: How to value a company’s equity portfolio 4 methods to estimate the intrinsic value of Berkshire Hathaway Why Berkshire Hathaway, contrary to popular belief, doesn’t have a lot of cash on its balanc...
Apr 25, 2021•2 hr 31 min•Ep 368•Transcript available on Metacast IN THIS EPISODE, YOU'LL LEARN: How did Dr. Back discover Proof of Work (PoW)? Is Proof of Work a vital component of Bitcoin's price floor Blockstreams new initiative into mining Blockstreams new issuance of a debt note that pays Bitcoin coupons Using digital tokens on liquid for registry purposes for the note How mining can reduce volatility while still capturing significant upside Dr. Back's thoughts on the Bitcoin contango trade. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community ...
Apr 21, 2021•1 hr 7 min•Ep 367•Transcript available on Metacast 
