TIP781: My Portfolio & Current Market Conditions w/ Clay Finck & Stig Brodersen
We Study Billionaires - The Investor’s Podcast Network
AI Disruption and Vertical Market Software
Clay weighs the risk of AI disrupting vertical market software and the need for evidence to change thesis.
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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