IN THIS EPISODE, YOU’LL LEARN: 04:38 - Sahil's thoughts on curating content online. 10:45 - Why Sahil has gotten interested in Macro and sound money. 17:13 - What is the Cantillon Effect and why is it important? 17:13 - Sahil's thoughts on how a person can use this macro concept for investing. 30:10 - Portfolio construction in today's environment. 30:10 - His thoughts on alt-coins. 54:57 - Who Sahil follows. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform difference...
Dec 08, 2021•59 min•Ep 457•Transcript available on Metacast For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquires Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The week's topic is ESG investing, value in the international market, benchmarking your performance, and much more. IN THIS EPISODE, YOU’LL LEARN: 01:10 - How to think about ESG when you invest. 07:46 - Why ESG is lowering the cost of capital. 20:23 - Which data from international markets do investors need to invest away fr...
Dec 05, 2021•56 min•Ep 456•Transcript available on Metacast Trey Lockerbie brings on the founder and principal of Rangeley Capital, Chris DeMuth. After discussing a company called Planet with Josh Wolfe on episode 399, Trey wanted to explore the SPAC merger with DMY Technologies which has a definitive vote scheduled for December 3rd, 2021. Chris is an expert on SPACs and works closely with the SPACs and companies he invests in. IN THIS EPISODE, YOU’LL LEARN: 13:50 - Why a portfolio of SPACs could be a great place to park cash. 22:03 - Private Investments...
Dec 03, 2021•1 hr 5 min•Ep 455•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:10 - How did the coordination with El Salvador to create this bond come about? 01:10 - How is the bond backed? 02:55 - What's the terms of the issuance? 08:23 - What's the conservative return expected from the issuances? 12:33 - Why would someone buy this bond over just owning Bitcoin? 29:16 - How is citizenship incorporated into the bond? 36:46 - Where can a person buy it? 36:46 - How can they buy it? 46:26 - Sovereign competition for regulatory considerations....
Dec 01, 2021•1 hr 20 min•Ep 454•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:07 - What is Tobias Carlisle's view on the general stock market? 03:20 - Why angel investing and venture capital is currently being indexed without due diligence. 05:35 - Why Tobias Carlisle thinks that Lockheed Martin is undervalued (Ticker: LMT). 24:32 - Whether Stig Brodersen has doubled down on Alibaba. 25:39 - Why Stig Brodersen thinks that GoDaddy is undervalued (Ticker: GDDY). 39:24 - Why GoDaddy is not a tech company. 44:08 - Why Hari Ramachandra believe...
Nov 28, 2021•52 min•Ep 453•Transcript available on Metacast Trey Lockerbie explores many futuristic concepts and companies together with Josh Wolfe of Lux Capital. Jim O'Shaughnessy has called Josh the real-life Tony Stark, and for good reason. His VC firm, Lux has a portfolio of emerging science companies that are bringing futuristic ideas to life. Josh has encyclopedic knowledge on so many topics and shares a wealth of wisdom in this discussion. So without further ado, get a glimpse of the future with the one and only Josh Wolfe. IN THIS EPISODE, YOU’L...
Nov 26, 2021•1 hr 4 min•Ep 452•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:07 - How they have learned so much at such a young age. 13:10 - Long-term Versus Short-term investors and using their on-chain fingerprint to help manage longer-term positions. 27:33 - How they think about volatility and how derivatives are impacting the Bitcoin Price Action. 40:04 - Borrowing premiums and how it can provide clues into oversold or overbought conditions. 40:04 - What metrics they would focus on for a market top indicator. 01:05:33 - The most misu...
Nov 24, 2021•1 hr 24 min•Ep 451•Transcript available on Metacast Stig Brodersen talks with William Green, the author of “Richer, Wiser, Happier.” They explore how the best investors can teach us not only how to become wealthy but inspire us to become better versions of ourselves. IN THIS EPISODE, YOU’LL LEARN: 00:53 - Which book that Charlie Munger had recently said is “one of the best ever written.” 06:46 - Whether the best investors truly live by an inner scorecard. 11:09 - Whether there is such a thing as the “right background” to become a successful inves...
Nov 21, 2021•2 hr 45 min•Ep 450•Transcript available on Metacast In today’s episode, Trey Lockerbie chats with Brent Johnson of Santiago Capital. Brent is best known for his Dollar Milkshake Theory, which is a strong counterpoint to the narrative that the next currency crisis will result in a weaker dollar. Brent’s theory highlights that the opposite might be true. IN THIS EPISODE, YOU’LL LEARN: 01:39 - What the Dollar Milkshake Theory is. 31:53 - How the Dollar Milkshake Theory has evolved through Covid. 56:50 - The range to watch for the DXY (a.k.a US dolla...
Nov 19, 2021•1 hr 2 min•Ep 449•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 04:50 - Jeff's thoughts on the supply chain impacts. 10:56 - How he sees central bankers adjusting policy moving forward. 13:22 - What another liquidity crisis might look like. 49:55 - Equity valuations. 01:00:09 - The idea of smaller amounts of debt in the system in a post-bitcoinized world. 01:08:07 - How will the typical workforce deal with such an event? 01:08:07 - What kind of timeline until something like this could happen? 01:11:28 - Does the world become mo...
Nov 17, 2021•1 hr 12 min•Ep 448•Transcript available on Metacast Trey Lockerbie brings on a very special guest and that is Mr. Kyle Bass, the Founder, and Principal of Hayman Capital Management. Hayman’s first major success came from effectively shorting the housing market in 2008 and Kyle was profiled in Michael Lewis’ book The Big Short. More recently, Kyle has been heavily focused on China and has been sounding alarm bells from everything from their accounting protocols, military initiatives, and central bank digital currency development. IN THIS EPISODE, ...
Nov 14, 2021•58 min•Ep 447•Transcript available on Metacast Trey Lockerbie chats with Tom Sosnoff as they explore option strategies and how to incorporate them into your investing arsenal. Tom began his career as an options trader and went on to co-found ThinkOrSwim, a trading platform that was sold to TD Ameritrade for over $600MM. He then created TastyTrade, a media company with shows focused on educating investors about options. He recently sold TastyTrade for a whopping $1 Billion dollars, all while making hundreds of trades per day in his own person...
Nov 12, 2021•46 min•Ep 446•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:35 - Guy and Greg's thoughts on the pop culture impact. 10:33 - The White House committee guidance for stable coins. 21:58 - Greg's thoughts on CPI Versus Interest rates. 38:03 - How should people manage their personal mortgages? 01:04:01 - What do interest rates look like in hyperbitcoinization? 01:15:09 - The chances of a March 2020 type event happening again. 01:26:20 - Risk tolerance between generations. *Disclaimer: Slight timestamp discrepancies may occur ...
Nov 10, 2021•2 hr 43 min•Ep 445•Transcript available on Metacast By popular demand, Stig Brodersen has invited back investment expert Cullen Roche. They discuss how to execute on the best possible ETF strategy. IN THIS EPISODE, YOU’LL LEARN: 01:43 - Which ETF strategy is right for you? 06:49 - Why there is no such thing as passive investing? 12:17 - How does an ETF technically work, and why is it a tax-efficient investment instrument. 22:18 - What is the difference between the gross and net expense ratio? 26:16 - Should you pay attention to backtesting result...
Nov 07, 2021•1 hr 8 min•Ep 444•Transcript available on Metacast Trey Lockerbie explores capital allocation in private markets with the CEO of Permanent Equity, Brent Beshore. Brent started out as an entrepreneur and through his own M&A strategies has now found himself purchasing small to midsize companies with the intention of holding forever. Brent is an empathetic leader whose style is a great reminder that a simple approach, although not easy, is most often the best approach. IN THIS EPISODE, YOU’LL LEARN: 09:23 - Key lessons in approaching acquisitions. ...
Nov 05, 2021•59 min•Ep 443•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:17 - CJ's experience in the MLB. 10:48 - Why was CJ in Washington DC recently? 17:18 - What do most staffers think of Bitcoin? 18:50 - What do most politicians ask when it comes to Bitcoin? 31:42 - How are core developers and upgrades incorporated into the Bitcoin protocol? 31:42 - What risks are there for governance? 48:51 - What is something that so many people miss when it comes to Bitcoin? 01:05:52 - CoinJoins. *Disclaimer: Slight timestamp discrepancies may...
Nov 03, 2021•1 hr 23 min•Ep 442•Transcript available on Metacast Trey Lockerbie chats with Kat Cole, former President and COO of Focus Brands, a portfolio company with household names like Cinnabon, Carvel, Jamba, Auntie Anne's, Schlotzsky’s, and more. They explore the power of brands and how it fuels billion-dollar enterprises. Focus Brands as a whole generates around $5B in revenue per year and Kat takes a deep dive into how these brands came to prominence. IN THIS EPISODE, YOU’LL LEARN: 02:09 - Kat’s rise from being a Hooters waitress at age 18 to being a ...
Oct 31, 2021•59 min•Ep 441•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:01 - Willy's thoughts on the super-cycle theory. 05:53 - Willy's thoughts on the ETFs and what it means for S2F. 10:39 - Why Realized Market Cap is an important metric. 13:57 - What is one of Willy's favorite charts right now? 26:05 - Short term traders versus long term hodlers and how they impact the price action. 30:29 - What caused the summer consolidation? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RE...
Oct 27, 2021•1 hr 3 min•Ep 439•Transcript available on Metacast Trey Lockerbie sits down with Michael Gayed. Michael is the Portfolio Manager at Toroso Asset Management and Writer of the Lead Lag Report. Michael’s white papers have won multiple awards, including the Charles H. Dow Award in 2016. Trey and Michael discussed a lot of quantitative tactics that we don’t often explore on the show. So without further ado, please enjoy this episode with Michael Gayed. IN THIS EPISODE, YOU’LL LEARN: 21:41 - When to use leverage and when not to. 24:16 - The interestin...
Oct 24, 2021•58 min•Ep 438•Transcript available on Metacast Trey Lockerbie chats with Dev Kantesaria. Dev is the Managing Partner of Valley Forge Capital Management, which currently has $2.7 billion in assets. Dev holds an undergrad from MIT and was top of his class at Harvard Medical School before pivoting and going into venture instead of medicine 14 years ago. Dev is also a big Buffett and Munger fan and follows their principles closely. IN THIS EPISODE, YOU'LL LEARN: 17:27 - How to invest through recessions. 19:23 - Why Dev no longer invests in Biote...
Oct 22, 2021•56 min•Ep 437•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 02:33 - What's happening in the broader macro economy from his perspective? 16:56 - Will the Stock to Flow model eventually fail? 30:49 - Regional trends - specifically with Proof of Work. 38:16 - When will more countries start to adopt it? 41:33 - Is the ETF important? 50:29 - Lightning adoption, what's the impact? 54:31 - Would Plan B ever reveal himself? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCE...
Oct 20, 2021•1 hr 1 min•Ep 436•Transcript available on Metacast Trey Lockerbie sits down with Trung Phan. Trung is a writer for The Hustle and focuses on tech and finance. He also is a purveyor of hilarious financial content on Twitter. His popularity recently afforded him the opportunity to interview legendary investor, Stanley Druckenmiller. IN THIS EPISODE, YOU'LL LEARN: 05:16 - The biggest takeaways from his discussion with Stan. 26:35 - Trung's background in real estate in Asia with thoughts on Evergrande. 38:16 - What opportunities are most exciting. A...
Oct 17, 2021•49 min•Ep 435•Transcript available on Metacast Trey Lockerbie sits down with Tavi Costa to get his take on the macro environment and how he believes precious metals will outperform in the near term. Tavi is a partner and portfolio manager at Crescat Capital and is Trey's favorite resource when it comes to precious metal research. IN THIS EPISODE, YOU'LL LEARN: 01:12 - The 4 pillars of inflation. 31:16 - Opportunities in Gold, Silver, and Palladium. 51:54 - The risks of deglobalization especially from China. And a whole lot more! *Disclaimer:...
Oct 15, 2021•1 hr 2 min•Ep 434•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 02:20 - What's happening at the state level with Bitcoin legislation? 08:34 - Why Parker encourages people to delete Facebook. 10:39 - Parker's thoughts on the current supply chain issues. 29:55 - Parker's thoughts on the debt ceiling. 55:53 - Whether a Bitcoin ETF will impact things much. 01:03:19 - Does the typical person have the capacity to self-custody? 01:12:06 - Tax planning for people with sizable Bitcoin gains. 01:16:06 - Parker's thoughts on Bitcoin lendi...
Oct 13, 2021•1 hr 26 min•Ep 433•Transcript available on Metacast Stig Brodersen brings back one of our most popular guests, investment expert Lyn Alden. They discuss how to build a global portfolio. Lyn teaches how we can determine the most attractive equity markets, how to identify red flags, and how we can protect ourselves against inflation. IN THIS EPISODE, YOU'LL LEARN: 00:43 - How does Treasury-Inflation-Protected-Securities (TIPS) work, and is it good inflation protection? 04:26 - Are TIPS a good investment for some investors but not for others? 05:24 ...
Oct 10, 2021•54 min•Ep 432•Transcript available on Metacast IN THIS EPISODE, YOU'LL LEARN: 00:06:59 - How to identify Rule Breaking companies. 00:37:30 - Why optionality is a great indicator of a company's future success. 00:42:50 - David’s 25 point system to identify risk. 00:48:00 - What is Conscious Capitalism and why it should become a focus for your portfolio. And so much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meanin...
Oct 08, 2021•1 hr 5 min•Ep 431•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 03:46 - How BTC Sessions first got introduced to Bitcoin. 07:09 - Why a person should run a full node. 07:09 - What does a full node enable? 14:03 - Twitter's Bitcoin tipping integration. 17:40 - What tools and applications exist on layer 2. 32:49 - What's the best way to think about opening channels on layer 2? 41:38 - What are the incentives for the regular person to use layer 2 Bitcoin? 49:25 - What is the purpose of lightning pool? 59:05 - What apps and hardwar...
Oct 06, 2021•1 hr 11 min•Ep 430•Transcript available on Metacast On today’s show, Stig Brodersen has invited back David Stein. David is a former chief investment strategist for Fund Evaluation Group, a $70 billion investment advisory firm. In this episode, David will break down what is going on in China and whether we as investors should be concerned about a stock market collapse. IN THIS EPISODE, YOU’LL LEARN: (01:07) How are Chinese stocks valued historically? (05:37) How to think about stock market valuations in the US vs. China. (09:04) Why are some inves...
Oct 03, 2021•1 hr 1 min•Ep 429•Transcript available on Metacast On today’s episode, we talk about how to expose a bad company. Trey Lockerbie chats with the brilliant Edwin Dorsey, writer of the popular newsletter The Bear Cave, who takes us on a ride, exploring the dark side of the stock market. Edwin first gained massive attention after he successfully exposed Care.com for an unimaginable amount of negligence that ultimately led to the collapse of the stock. IN THIS EPISODE, YOU’LL LEARN: 08:20 The free tools you need to identify suspicious companies. 22:3...
Oct 01, 2021•52 min•Ep 428•Transcript available on Metacast IN THIS EPISODE, YOU’LL LEARN: 01:18 - Has the global economy ran out of steam? 12:46 - What's the real story with inflation and what's causing it? 24:31 - What is Luke's opinion on China's Evergrande? 32:09 - The Debt Ceiling getting raised. 52:36 - Bitcoin. 55:44 - When does the debt go from depressive to manic? 01:04:40 - Gary Gensler on Digital Assets. 01:08:57 - Luke's favorite Macro investment thesis. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences...
Sep 29, 2021•1 hr 12 min•Ep 427•Transcript available on Metacast 
