Preston Pysh talks to Bitcoin layer two Lightning expert Jesse Shrader on the show about all the fascinating stuff they have going on with their Amboss website. Amboss is a website that analyzes all the Bitcoin full nodes and immediately settling channels that are open between the nodes on the network. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:43 - How did Jesse get into Layer 2 Lightning Bitcoin? 03:07 - How Jesse's background in class action lawsuits against big banks impacted the way he...
Jun 07, 2023•47 min•Ep 742•Transcript available on Metacast In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Teqnion as the newest addition to his portfolio. Hari’s pick, Palantir, has recently traded at a 52-week high after a preceding 80% drop, and Tobias pitches Virtu Financial, a value stock with strong cash flows in uncertain times. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:35 - The group’s takeaways from the Berkshire Hathaway...
Jun 04, 2023•1 hr 22 min•Ep 741•Transcript available on Metacast On today’s episode, Clay reviews Thomas Phelps’s book - 100 to 1 in the Stock Market, and also highlights writings put out by Akre Capital Management. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:30 - Common characteristics of companies that increased their share price by 100x. 11:11 - Why most investors aren’t able to hang onto their winners as Phelps suggests. 14:05 - Why good stock selection is much more important than good stock market timing. 31:36 - Mental models Phelps uses to figure o...
Jun 02, 2023•57 min•Ep 740•Transcript available on Metacast Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:15 - What was Anil trying to accomplish with the book? 06:59 - Of all the mental models and paradoxes mentioned ...
May 31, 2023•1 hr 3 min•Ep 739•Transcript available on Metacast In this episode, William Green chats with hedge fund manager Christopher Begg, who is the CEO, Chief Investment Officer, & co-founder of East Coast Asset Management. Chris is also a revered professor at Columbia Business School, where he teaches the Security Analysis class that was originally taught by Warren Buffett’s mentor, Ben Graham. Here, Chris shares powerful lessons on how to identify high-quality businesses & build a life that’s defined by a commitment to quality. IN THIS EPISODE YOU’LL...
May 28, 2023•2 hr 8 min•Ep 738•Transcript available on Metacast On today’s episode, Clay reviews one of Warren Buffett’s favorite investment books called The Outsiders by William Thorndike Jr. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:56 - How we should evaluate the performance of a CEO during their tenure. 03:01 - How Henry Singleton led Teledyne to deliver a 20.4% average annual return to shareholders during his 30 year tenure. 09:18 - How most CEOs think like foxes, while Outsider CEOs think like hedgehogs. 22:15 - What it means to be an exceptional...
May 26, 2023•56 min•Ep 737•Transcript available on Metacast In part two of Preston Pysh's discussion with Tuur Demeester, they go deep into Tuur's latest report on why right now in particular is a great time to be a Bitcoin bull. Tuur talks about numerous on-chain metrics, and circumstances happening in the macro backdrop that only contribute to the bullish narrative. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks? 08:19 - Why do so many people have the urge to update the code base? ...
May 24, 2023•50 min•Ep 736•Transcript available on Metacast On today’s episode, Clay chats with John Jennings about his new book - The Uncertainty Solution. John Jennings is President and Chief Strategist of St. Louis Trust & Family Office, which has $12 billion dollars in assets under management. He is also a member of the firm’s Management Committee, on its Board of Directors, and also serves on the Investment, Risk Management, and Trust Committees. John works closely with client families, advising them in all areas of wealth management. IN THIS EPISOD...
May 21, 2023•1 hr 17 min•Ep 735•Transcript available on Metacast On today’s episode, Clay Finck brings back Tavi Costa to chat about the beginning of a commodity supercycle. Tavi gives a masterclass in why we are just in the beginning phases of a bull market for gold, silver, and hard assets like commodities. Tavi is a partner and portfolio manager at Crescat Capital. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CNN, among others. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 03:31 - Why Tavi believes we’...
May 19, 2023•1 hr 25 min•Ep 733•Transcript available on Metacast In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks? 08:19 - Why do so many people have the urge to update the code base? 11:17 - Why are inscriptions potentiall...
May 17, 2023•51 min•Ep 734•Transcript available on Metacast On today’s show, we have the honor of interviewing legendary real estate investor and entrepreneur, Sam Zell. Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He is the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam has made many bold moves and investments, earning him a reputation as a savvy and fearless investor. One of Sam's most notable achievements was his role in creat...
May 14, 2023•1 hr 6 min•Ep 731•Transcript available on Metacast In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&A session, along with his own thoughts on their answers. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 05:30 - Buffett and Munger’s thoughts on the commercial real estate. 09:37 - Why value investors must evolve to the increasingly competitive world of investing. 17:36 - How Buffett allocates capital to ba...
May 12, 2023•1 hr 11 min•Ep 730•Transcript available on Metacast Alex Gladstein previously discussed his groundbreaking article on the IMF and the World Bank. On today's episode, he is back with even more as he’s turned all of his research into a full-blown book on the topic. Preston and Alex cover new and additional ideas, which are vital information for understanding the impact of the legacy financial system and the abundant hope that Bitcoin brings to so many regions around the world. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:17 - Why Alex wrote the ...
May 10, 2023•1 hr 4 min•Ep 729•Transcript available on Metacast On today’s show, Stig Brodersen talks with legend investor Mohnish Pabrai. In the interview, Mohnish Pabrai generously shares his investment framework and touches on various stocks, including Alibaba, Constellation Software, Reysas Logistics, and Shinoken. Disclaimer: Stig Brodersen is invested in Pabrai Funds. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:35 - How to stay objective when you get advice from someone you admire and like 04:56 - Why the Turkey stock market is attractive 10:05 - M...
May 07, 2023•1 hr 6 min•Ep 728•Transcript available on Metacast On today’s episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries. Both companies have strong competitive advantages, strong fundamentals, high insider owner...
May 05, 2023•53 min•Ep 727•Transcript available on Metacast Preston Pysh interviews the author of one of his favorite books of all time, Kevin Kelly. Kevin is the founding editor of the global brand Wired Magazine. In this episode, they talk about all the interesting ideas about technology, AI, where it’s going, and more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:12 - What is the Technium and how did Kevin come to understand the term? 02:12 - Why are ecosystems NOT in equilibrium? 06:28 - What are Kevin's thoughts on AI helping biology and longevit...
May 03, 2023•53 min•Ep 726•Transcript available on Metacast Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a CAGR of 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&P500. There is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 10:21 - The intrinsic value of Berkshire Hathaway and wha...
Apr 30, 2023•1 hr 28 min•Ep 725•Transcript available on Metacast On today’s episode, Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee st...
Apr 28, 2023•1 hr 4 min•Ep 724•Transcript available on Metacast Preston Pysh and Dylan LeClair cover Dylan's use of AI, programming, and on-chain analytics, what's driving the recent surge we've seen in the Bitcoin price since the start of the year, and what he's personally paying attention to in the general macro overview. Dylan is one of the lead writers and researchers at Bitcoin Magazine Pro and has some of the most interesting and well-researched takes on what's currently happening with the market. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:11 - Wh...
Apr 26, 2023•1 hr 12 min•Ep 723•Transcript available on Metacast In this episode, William Green talks with Jason Karp, a prodigiously talented investor & entrepreneur whom he also profiled in his book, “Richer, Wiser, Happier.” Jason founded Tourbillon Capital Partners, where he managed $4.5 billion. He then quit the hedge fund business & created HumanCo, a holding company that invests in the health & wellness sector. Here, he speaks with extraordinary candor about his relentless quest for financial & professional success, & how his obsession with overachieve...
Apr 23, 2023•2 hr 58 min•Ep 722•Transcript available on Metacast On today’s episode, Clay Finck continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 4 of our review of this incredible book. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-orient...
Apr 21, 2023•55 min•Ep 721•Transcript available on Metacast David Bailey and Preston Pysh get into an in-depth conversation about the GBTC Bitcoin Trust and all of the issues it's had over the past year and a half. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:29 - What backs Bitcoin? 10:27 - CBDCs and what happens next. 13:14 - FedNow and what happens after it's launch. 18:43 - The actual impact of picking winners and losers for decades on end. 20:14 - The Skull of Satoshi. 29:43 - What it's like building a Bitcoin media company as an entrepreneur. 29...
Apr 19, 2023•1 hr 4 min•Ep 720•Transcript available on Metacast In this episode, William Green chats with Samantha McLemore, the founder of Patient Capital Management. After graduating magna cum laude from Washington & Lee University, she was hired by investing legend Bill Miller & spent 20 years working with him. They co-managed Miller Opportunity Trust, a top-performing mutual fund, for a decade until Bill recently retired & anointed her as his successor. Here, Samantha shares what she’s learned over the last two decades about how to outperform by thinking...
Apr 16, 2023•2 hr 10 min•Ep 719•Transcript available on Metacast Trey Lockerbie invites the renowned Howard Marks, known for establishing Oaktree Capital with $140B in AUM and earning a reputation as an investing legend for his consistent performance, unconventional investments, and insightful memos. In their discussion, Howard shares his views on various topics, including A.I., Bitcoin, and his prediction that the financial markets are undergoing a significant transformation, which he believes is the third such occurrence in his illustrious 50-year career. H...
Apr 14, 2023•1 hr 2 min•Ep 718•Transcript available on Metacast James Lavish comes with decades of experience as a fixed income investor, and overall Bitcoin educator. On today’s show, Preston talks to James about how the evolving macro environment doesn’t seem to be hampering the price of Bitcoin, despite the numerous liquidity and central banking actions plugging the global economy. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:16 - What are the most important things to be focusing on in the second quarter of 2023? 02:56 - What James thinks about the dis...
Apr 12, 2023•56 min•Ep 717•Transcript available on Metacast On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 3 of our review of this incredible book. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented app...
Apr 11, 2023•54 min•Ep 716•Transcript available on Metacast On today’s episode, Clay sits down with Chris Mayer to discuss the lessons from his book - 100 Baggers. Chris is the author of 100 Baggers, and the portfolio manager of Woodlock House Family Capital. Chris’s book was published in 2018, and has quickly become a favorite within the investing community. The book very clearly explains the ingredients needed for a stock to compound and grow to 100 Bagger status, which we discuss during this episode. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:16 -...
Apr 09, 2023•46 min•Ep 715•Transcript available on Metacast Trey Lockerbie welcomes back billionaire and legendary investor Mr. Jeremy Grantham. Jeremy has a reputation for accurately predicting future events, including nearly every single bubble bursting over his career. During their conversation, Jeremy shares his thoughts on recent bank failures, Fed policy, and other world issues. IN THIS EPISODE YOU’LL LEARN: 0:00 - Intro. 01:51 - Jeremy’s general thoughts on recent bank failures and Fed policy. 12:22 - A look at history and how long bear markets ty...
Apr 07, 2023•56 min•Ep 714•Transcript available on Metacast Preston Pysh and Pierre Rochard talk about the current draft bill in Texas that's trying to limit Bitcoin mining and what this means in the broader context of state's rights and their competition between local jurisdictions. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:10 - Why Pierre was in the Texas Congress testifying about the benefits of Bitcoin and it's mining infrastructure. 04:40 - Explain why Bitcoin is a National Security issue if a country fails to adopt and understand it. 07:55 - ...
Apr 04, 2023•55 min•Ep 713•Transcript available on Metacast On today’s episode, Clay Finck sits down with Daniel Gallancy to chat about the evolution of capital markets and how equity crowdfunding allows individual investors to get access to new investment opportunities. Daniel is the CEO of Atakama. Atakama is a cybersecurity company that is pioneering multifactor encryption, enabling unrivaled data protection through distributed cryptographic key management. Organizations rely on Atakama to protect their most sensitive data, even when identity or rules...
Apr 04, 2023•53 min•Ep 712•Transcript available on Metacast 
