We Study Billionaires - The Investor’s Podcast Network

Discover the intriguing framework of 'Seven Powers' that identifies crucial competitive advantages for businesses. Explore the power of scale economies and the unbeatable network effects that keep customers loyal. Learn why counter-positioning is a game changer and how switching costs effectively lock customers in. Delve into brand equity and the emotional connections that drive premium pricing. Finally, examine case studies, including Netflix's strategic evolution, to understand how companies create and sustain their 'moat' in the competitive landscape.

Garrett Johnston, a 25-year insurance industry veteran at Marsh, explores the transformative potential of Bitcoin in insurance. He argues that Bitcoin, rather than crypto, should be the focal point for innovation in the sector. Key topics include the evolving risk profiles of digital assets and why Bitcoin enhances returns in institutional portfolios. Johnston highlights regulatory hurdles and the need for state-by-state education. He also discusses current gaps in coverage for Bitcoin-native businesses and the emerging role of AI in risk management.

In this chat with Kyle Grieve, Jon Cukierwar from Solar Peak Capital Partners shares his distinctive approach to global investing, targeting overlooked companies. He discusses valuable lessons learned under Bob Robotti, emphasizing the importance of quality and growth. Jon reveals how he counters biases when meeting charismatic CEOs and highlights the significance of local investor networks. He emphasizes prioritizing owners' earnings and identifies key traits that make investments a 'no-brainer.' Interestingly, he shares why he leans towards 'boring' low-tech businesses for potential gains.

Tim Koller, lead author of the best-selling guide on business valuation and a partner at McKinsey & Company, discusses the nuanced world of corporate valuation. He unpacks the fundamental principles of creating shareholder value beyond short-term earnings, advocating for a focus on long-term growth and return on invested capital (ROIC). Koller reveals common misconceptions in management strategies and highlights differences in market performance across regions like the US and Europe. His insights help illuminate the complex dynamics of value creation in today's economy.

Matthew Pines, a member of the Bitcoin Policy Institute with deep insights into Washington, D.C., joins for a thought-provoking discussion. They tackle the Genius Act and its potential to reshape stablecoin regulations, emphasizing its disruption of traditional banking. The conversation shifts to the U.S. trade deficit and Bitcoin's role in financial markets. Pines also highlights the upcoming Bitcoin Policy Summit, which aims to influence national Bitcoin policies amid evolving global dynamics.

Dive into the fascinating world of Coca-Cola’s rise as a global giant through innovative strategies and strong leadership. Discover its enduring competitive edges that make it a powerhouse. Uncover the transformative impact of CEO Roberto Goizueta and learn what captured Warren Buffett’s interest. Explore the psychology behind Coca-Cola's unforgettable brand and its clever marketing tactics. Gain insights into how effective capital allocation and resilience shape its ongoing success in the market.

James and Abigail Zimmerman, father-daughter investors at Lowell Capital, share their insights into the world of cash-generating businesses. They emphasize the importance of free cash flow yield as a guiding metric and discuss how strong balance sheets can weather market storms. The duo explains navigating their circle of competence and the need for simplicity in investment strategies. They also highlight how to discern management alignments and the risks posed by certain retailers, providing a comprehensive view for aspiring investors.

Jack Mallers, CEO of Strike and founder of 21, dives into the exciting launch of Twenty One Capital, discussing its unique approach to Bitcoin investment compared to traditional options like MicroStrategy. He shares insights on how strategic partnerships with Tether and SoftBank aim to boost global Bitcoin adoption. The conversation tackles the innovative borrowing and lending structures at Strike, addressing lessons learned from past crypto failures and emphasizing transparency. Mallers also highlights the future of Bitcoin as a tool for financial sovereignty.

This special episode celebrates Warren Buffett's legacy as he steps down from Berkshire Hathaway. Experts share what makes the annual meeting a joyful experience and highlight Buffett's values and virtues. Learn how his concentrated bets shaped wealth creation, and discover key lessons on investing great businesses. Guests reveal personal anecdotes about their encounters with Buffett and the enduring influence of his teachings. They emphasize the importance of resilience, ethical management, and the unique culture at Berkshire Hathaway.

Discover the ins and outs of Booking Holdings, the world's largest travel company. Clay and Kyle delve into its competitive strategies, including a unique asset-light model and a strong network effect. They compare it to rivals like Airbnb and Expedia, examining market dynamics and user experiences. The podcast also highlights CEO compensation trends and adaptive management incentives. With insights on financial performance and growth opportunities, it’s a fascinating discussion for anyone interested in the travel industry and investment prospects.