The Intrinsic Value Podcast - The Investor’s Podcast Network MI384: Skin in the Game w/ Clay Finck & Kyle Grieve
38 snips
Dec 30, 2024 
Clay Finck and Kyle Grieve, co-hosts of the We Study Billionaires podcast, dive into their evolution as investors. Clay shares insights on navigating market bubbles and the shift from passive to active investing. Kyle discusses the intricacies of building a public stock portfolio, emphasizing the importance of careful due diligence. They reflect on lessons learned from renowned investors and weigh the benefits of concentrated stock holdings versus broad market exposure. The conversation highlights their commitment to transparency and aligning investments with personal values.
AI Snips
Chapters
Books
Transcript
Episode notes
Investment Style Evolution
- Clay Finck honed his investment style, shifting from index funds to a concentrated portfolio of eight stocks and Bitcoin.
- He prioritizes quality businesses, influenced by Chris Mayer, Charlie Munger, and Nick Sleep, and emphasizes skin in the game.
Navigate Market Downturns
- During market downturns, continue investing and view price drops as discounts.
- Avoid hindsight bias, the tendency to believe past events were predictable, and don't get scared out of the market.
Managing Investment Anxiety
- Manage investment anxiety by focusing on controllable factors like savings rate and emergency funds.
- Analyze underlying businesses, remembering that market prices can fluctuate significantly without reflecting true value.
