The Intrinsic Value Podcast - The Investor’s Podcast Network

MI316: The Making of a Value Investor w/ Kyle Grieve

Jan 8, 2024

Kyle Grieve, value investor and manager of his family portfolio, discusses his journey into value investing, his early mistakes, lessons learned from famous investors, and his writing process. He also talks about the impact of fatherhood and Brazilian Jiu Jitsu on investing and highlights the value of the TIP mastermind community.

58:55

Episode guests

Kyle Grieve

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Episode notes

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Quick takeaways

Continuous learning is crucial, emphasizing the importance of being open to new knowledge and constantly improving oneself.

The guest's transformation into a value investor provides valuable insights for listeners, sharing his journey, initial mistakes, and lessons from renowned investors.

Recommendations of influential investing books and notable investors like Monish Pabrai and Luca Lial offer valuable resources for exploring value investing concepts.

Deep dives

Importance of Continuous Learning

Continuous learning is a crucial aspect emphasized in the podcast. The host and guest discuss how learning never stops, emphasizing the importance of being open to new knowledge and constantly improving oneself. They draw upon examples such as Brazilian Jiu-Jitsu and the experiences of renowned investor Charlie Munger to highlight that even after years of experience, there are always new things to learn.

Introduction

2min

Lessons Learned from Trading and Investing Mistakes

19min

Advertisements for NetSuite, Fundrise, and TurboTax

3min

Connecting through a love for Constellation Software

18min

Advertisements from Fundrise, TurboTax, and HelloFresh

3min

Researching Potential Investments: Strategies and Considerations

15min

Closing Remarks and Upcoming Solo Episode

2min

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Kyle Grieve to talk about his transformation into a value investor. They dive into his early investing mistakes, the biggest lessons from his guests on Millennial Investing, how he mitigates risk and what his research process is like, what both fatherhood and Jiu Jitsu have taught him about investing, and much, much more!

Kyle is a value investor, author, and manager of his family portfolio. While Kyle took up stock investing his main job was working as a smart home integrator and network specialist. Now, Kyle is living his dream of learning how to invest and helping to educate other investors who are a few years behind him experience-wise as co-host of both Millennial Investing and We Study Billionaires. He is also an integral part of the TIP Mastermind Community.

Kyle is passionate about helping others improve their financial sophistication and helping people take their wealth into their own hands.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:33 - What Kyle’s journey to value investing looked like.

04:18 - What his early investing mistakes were.

04:35 - The 3 books that made the biggest impact on his investment philosophy.

06:29 - Who Kyle would love to sit down next to on a long flight.

11:34 - What it has been like for him joining The Investor’s Podcast Network team as a host.

13:46 - What Kyle’s writing process is like.

15:42 - Understanding what a “spawner” is.

17:57 - What his biggest lessons from his favorite guests have been.

28:46 - What the benefits are of being part of the TIP Mastermind community.

37:21 - What metrics Chris Mayer looks at to determine future 100-baggers.

35:22 - What the advantages of investing internationally are.

39:30 - How Kyle mitigates risk and 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 meaningful stock investing discussions with Kyle and the other community members.
Peter Kaufman's Poor Charlie’s Almanack.
Phil and Danielle Town's Invested.
Howard Marks' The Most Important Thing.
Benjamin Graham's The Intelligent Investor.
Peter Lynch's One Up on Wall Street.
Related video: Li Lu video at Columbia University.
Commentary: Mohnish Pabrai on Coca Cola.
Gautam Baid's Joys of Compounding.
Pulak Prasad's What I Learned About Investing from Darwin.
Shane Parrish's Great Mental Models.
Lawrence Cunningham's Margin of Trust.
Related Episode: MI305: Exploring the DNA of Quality Businesses w/ Lawrence Cunningham | YouTube video.
Related Episode: MI310: A Serial Acquirer’s Deep Dive w/ Chris Mayer | YouTube video.
Related Episode: MI307: Unpacking the Money Mind w/ Robert Hagstrom | YouTube video.
Related Episode: TIP531: The Best Capital Allocator You’ve Never Heard Of | YouTube video.
Check out Kyle's episode TIP587: Dino Polska | YouTube video.
Check out the books mentioned in the podcast here.

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