We Study Billionaires - The Investor’s Podcast Network

TIP781: My Portfolio & Current Market Conditions w/ Clay Finck & Stig Brodersen

136 snips
Jan 4, 2026
Guest
Clay Finck
Clay Finck, an investor and host at TIP, shares his investment journey and philosophy. He discusses his recent portfolio additions, including Meta and Interactive Brokers, highlighting their long-term potential. The conversation dives into how narratives can distort intrinsic value and the importance of partnering with exceptional founders. Clay also emphasizes the necessity of position sizing and the impact of international markets on investment strategy. He ties in life lessons from investing, advocating for happiness and strong relationships over mere profit.
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ADVICE

Back Great Operators Long Term

  • Invest alongside exceptional founder-operators and hold for the long term when conviction is high.
  • Use "sidecar investing" to back generational CEOs like Mark Zuckerberg and Thomas Peterffy when prices allow.
ANECDOTE

Interactive Brokers Founder Story

  • Clay recounts Thomas Peterffy's rags-to-riches origin from communist Hungary to founding Interactive Brokers.
  • He highlights Peterffy's long-term, contrarian management style and large personal ownership stake.
INSIGHT

S&P Concentration Risk

  • The S&P is increasingly concentrated: the top 10 companies represent ~40% of market value.
  • That makes the index more a bet on a few mega-cap winners than broad market exposure.
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