In this episode, Stig Brodersen sits down with Clay Finck to reflect on Clay’s portfolio decisions, investment philosophy, and personal evolution as an investor. Clay walks through the rationale behind recent additions to his portfolio, how his thinking on valuation versus quality has matured, and why he increasingly prioritizes businesses led by exceptional operators with long runways for compounding.

IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro

00:01:48 - Which stocks Clay added to his portfolio in 2025

00:03:10 - How “sidecar investing” with exceptional founder-operators shapes Clay’s portfolio

00:19:34 - How short-term market narratives can diverge from changes in intrinsic value

00:26:24 - How Clay approaches position sizing, opportunity cost, and staying invested

00:14:27 - Why geography, currency risk, and capital flows matter in global investing

00:41:52 - How value investing principles influence Clay’s views on money, career, and happiness

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

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The Podcast of the Lotus Eaters #1324

The Podcast of the Lotus Eaters

Fraud simplicity and bureaucratic indifference

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