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 On today’s conversation with Daniel Hinton and Steve Jeffress, they talk about the idea of financial oracles and how the price of Bitcoin in US dollar terms is passively showing up in the data of the Bitcoin blockchain. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:39 - What is an Oracle and what is it needed for? 06:42 - What is a UTXO? 08:29 - What price information was discovered in the Bitcoin blockchain? 10:17 - How was it found? 10:17 - What are some other interesting things that have be...
Oct 04, 2023•52 min•Ep 788•Transcript available on Metacast On today’s episode, Clay Finck reviews Michael Batnick’s book, Big Mistakes: The Best Investors and Their Worst Investments. One of the best ways to become a better investor is to learn from our own mistakes. The second best (and less costly) way is to study the mistakes of others. If you want to learn from the mistakes of the world’s greatest investors, then this episode was made for you. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:24 - Lessons from Batnick’s book from studying the mistakes...
Oct 01, 2023•59 min•Ep 787•Transcript available on Metacast Preston Pysh and Dr. Peter St. Onge cover some of the current macro events and themes while also talking about a few parallels to the previous global superpowers of the past, like the Roman Empire. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:44 - Peter's overview of what's causing the inflation that happened after 2020. 20:39 - What's happening in China and does Peter buy into all the headlines that it's got economic problems? 33:59 - Peter's thoughts on Bitcoin and how it's going to be rele...
Sep 27, 2023•1 hr 5 min•Ep 786•Transcript available on Metacast On today’s episode, Clay Finck is joined by Daniel Pronk and Jake Ruth to share the fundamentals of stock investing. They dive into everything they wish they knew as a beginner, the books they would read, and the biggest mistakes they would have tried to avoid. Daniel Pronk and Jake Ruth are the founders of Stock Unlock, which is helping transform everyday people into successful investors. Daniel is also popular on YouTube, as he has over 200k subscribers on his channel. Daniel and Jake are the ...
Sep 24, 2023•1 hr 14 min•Ep 785•Transcript available on Metacast Preston Pysh and Guy Swann's conversation covers the fascinating attributes about AI, the counterintuitive nature of AI and how the need for specialized models will create a rich ecosystem of decentralizing forces around countless models and resourcing requests. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:24 - What is at the intersection of AI and Bitcoin? 19:12 - How AI is able to synthesize enormous amounts of information. 30:29 - Why AI models are actually going to be a decentralizing for...
Sep 20, 2023•2 hr 36 min•Ep 784•Transcript available on Metacast In this episode, William Green speaks with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. This conversation has been divided into two episodes. Here, in Part 2, Chris discusses what we can learn from studying Berkshire Hathaway & Warren Buffett; weighs the risks of Berkshire’s huge Apple stake; discusses Berkshire’s valuation; & explains why the stock should beat the S&P 500. He also talks about avoiding charlatans and living with integrity. IN THIS EPISODE YOU’LL LEA...
Sep 17, 2023•1 hr 13 min•Ep 783•Transcript available on Metacast In this episode, William Green chats with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. This conversation is so rich that it’s been divided into two episodes. Here, in Part 1, Chris explains how to achieve long-term success by seeking a “dual margin of safety” that comes from owning high-quality businesses at attractive prices. He also warns about the perennial dangers of irrational exuberance, which he now sees in hot stocks like Tesla & Nvidia. IN THIS EPISODE YOU’...
Sep 17, 2023•1 hr 23 min•Ep 782•Transcript available on Metacast On today’s episode, Clay Finck is joined by Aswath Damodaran who is widely referred to as the dean of valuation. Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks. He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry. IN THIS EPISODE, YOU’LL LEARN: 00:00 ...
Sep 15, 2023•56 min•Ep 781•Transcript available on Metacast Bitcoin core developer and author Jimmy Song recently published a new book titled Fiat Ruins Everything. In this episode, Preston Pysh and Jimmy highlight some interesting perspectives on how the money is not only changing the way businesses conduct themselves, but also how it’s impacting family values, culture, and relationships. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:59 - Why Jimmy doesn't need NFTs. 07:55 - How Alt-coins use Bitcoin to rent-seek. 12:04 - How fiat undermines work. 15:...
Sep 13, 2023•1 hr 5 min•Ep 780•Transcript available on Metacast In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put Constellation Software on his watchlist and is waiting to buy the dip. Hari’s pick, Brookfield Corporation, is one of the world’s largest alternative investment management companies with over $725B of assets under management. Tobias pitches Winnebago, a value stock coming off the strong demand from COVID. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:33 - Why Hari is bullish on Brookfield...
Sep 10, 2023•2 hr 53 min•Ep 779•Transcript available on Metacast Clay Finck is joined by Bob Muglia to discuss the AI boom, Bob’s experience working with Bill Gates, and how he helped lead Snowflake from $0 to $200 million in revenue during his tenure as CEO. Bob Muglia is a prominent technology executive known for his influential roles at Microsoft, including Senior Vice President of the Server & Tools Division, and is also the former CEO of Snowflake, a leading cloud data warehousing company. Bob helped lead Snowflake to go from zero to a $200 million busin...
Sep 08, 2023•1 hr 5 min•Ep 778•Transcript available on Metacast In the part two of a two-part discussion with Preston Pysh and Lyn Alden, they talk about the merging of a credit based money ledger system with a commodity backed money system into a single new technology, which is Bitcoin. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:22 - Why money has been at the crux of global conflict since time immemorial. 16:08 - Why can't a government entity just fire-up 20,000 nodes and try to fork the code? 33:41 - Lyn's thoughts on Gresham's law and Bitcoin. 41:23 ...
Sep 06, 2023•1 hr 20 min•Ep 777•Transcript available on Metacast In this episode, Stig Brodersen and Preston Pysh talk with Lyn Alden about her new book, Broken Money. In this first part episode of two, you’ll quickly hear why Stig and Preston think Broken Money is one of the best books they read in 2023. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:50 - Why the current monetary system is broken 08:02 - What commodity money is and why it’s relevant to understand today 28:33 - Why the fractional banking reserve system is like a game of musical chairs 47:36 ...
Sep 03, 2023•1 hr 18 min•Ep 776•Transcript available on Metacast Clay Finck is joined by Jacob McDonough to discuss Berkshire's 1962 beginnings, Warren Buffett's turnaround, and its rise to a $800B valuation by 2023. Jacob McDonough is the author of the book Capital Allocation, which covers the financials of Berkshire Hathaway from 1955 through 1985, and he’s the host of the 10-K podcast, where he dives into the annual reports of various companies from decades ago, such as Geico and GM. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:02 - Why purchasing Berk...
Sep 01, 2023•1 hr 16 min•Ep 775•Transcript available on Metacast Preston Pysh brings Blockstream's Adam Back and James Macedonio to the show. They talk about Blockstream’s efforts to develop their very own ASIC miner and what it takes to take something like that to market and all the challenges that are associated with it. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:23 - Why is building an ASIC like building a high-performance race car? 10:02 - How do you think through production and reliability when building an ASIC? 10:02 - How can one test the reliabil...
Aug 30, 2023•1 hr 10 min•Ep 774•Transcript available on Metacast On today’s show, we bring back oil expert Josh Young to give an update on the oil market. This discussion touches on Buffett’s updated oil positions, why OPEC is encouraging others to invest more in oil production, the impact of the China reopening on global oil demand, and more. Josh is the Chief Investment Officer and Founder of Bison Interests, which focuses on investing strictly in oil and gas equities. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 01:53 - The highlights of the oil and gas m...
Aug 27, 2023•1 hr 9 min•Ep 773•Transcript available on Metacast 
