We Study Billionaires - The Investor’s Podcast Network

Explore the intriguing dualities of investing, where humility meets confidence. Discover why authenticity in partnerships can simplify your professional life. Delve into the cult-like aspects of value investing and the wisdom shared by iconic figures. The hosts reflect on the richness of traveling with friends, blending life and business. They also discuss the importance of trust in partnerships and how personal values shape our choices, urging listeners to cultivate meaningful relationships for a richer experience.

This discussion dives into Mastercard's status as a leading stock pick for Q4 2024, emphasizing its robust business model and impressive growth. The hosts explore how Mastercard and Visa maintain dominance in the digital payments space, highlighting their strong competitive moats. They also tackle the potential threats posed by fintech companies, discuss valuation insights, and reflect on investment risks. Additionally, community events and shared experiences in investing are touched upon, promoting engagement among listeners.

Discover Dread's inspiring journey from elite athlete to Bitcoin entrepreneur. Dive into the Caribbean's crypto landscape, exploring the challenges faced by Central Bank Digital Currencies and why they’re faltering. Learn about OpenSats and its ambitious projects supporting Bitcoin innovation. Get insights into Flash, a tailored Bitcoin wallet and exchange for the Caribbean, and understand the intriguing world of e-cash technology. This episode offers a fresh perspective on the future of digital payments and community engagement in cryptocurrency.

Brad Stulberg, a best-selling author and high-performance coach, discusses how to excel in a rapidly changing world. He shares the concept of 'rugged flexibility' for navigating change while maintaining core values. Stulberg emphasizes the importance of routines for stability and the role of community in well-being. He also delves into 'tragic optimism,' inspired by Viktor Frankl, and how it fosters resilience. Moreover, he reflects on lessons learned from battling depression and the essential qualities to teach children about adaptability.

In this conversation, Andrew Brenton, CEO of Turtle Creek Asset Management, shares wisdom from his 25 years of beating the market. He emphasizes the drawbacks of a buy-and-hold strategy and discusses how US markets are becoming less efficient. Andrew gives insights into allocating investments in AI and software, and reveals Turtle Creek's approach to risk management. He also highlights their recent addition of Kinsale Capital to the portfolio, showcasing how exceptional management plays a pivotal role in navigating market dynamics.

NVK dives into the exciting intersection of Bitcoin, AI, and Nostr. Discover how AI can personalize communication while maintaining privacy. The discussion highlights the challenges in hardware manufacturing and the revolutionary potential of digital vending machines. Find out why Nostr is reshaping long-form content creation and enhancing decentralized communication. NVK also shares key insights for Bitcoin newcomers and addresses common security misconceptions.

Explore the fascinating cycle of financial euphoria through history, revealing the psychological triggers that draw investors into bubbles. Discover captivating accounts like Tulipomania and the Dot-com bubble, highlighting the risks of speculative behavior. Learn crucial takeaways for avoiding future pitfalls while understanding why such events will likely persist. Delve into the dynamics of various financial crises, the role of due diligence, and the importance of accountability in investment choices.

Many investors who analyze stocks take the numbers provided by the company at face value, but there are times when this can be a massive investing mistake.To help shed light on what the earnings provided by a company really mean for us as investors, we reviewed the book — Quality of Earnings by Thornton O'Glove. Thornton is a Wall Street veteran known for pioneering red flag deviation analysis. This book is an indispensable guide to determining how much money a company is really making to help us avoid making costly blunders.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro07:26 - Why you shouldn’t trust your analyst or the auditors.15:13 - What to keep an eye on when reading an annual report.22:35 - Red flags to look out for when analyzing a company’s filings.31:13 - How managers and accountants can legally manipulate earnings per share, however they see fit.34:06 - Tools we can use to help determine the quality of earnings for a company.35:55 - How we can make use of accounting items like accounts receivable and inventory.49:36 - The impact of dividends on your returns as an investor.53:11 - The shortfalls of GAAP accounting.And so much more!Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Quality of Earnings book. Quality of Earnings in M&A. Related Episode: TIP667: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder, or watch the video. Related Episode: TIP601: Junk to Gold by Billionaire Willis Johnson, or watch the video. Related Episode: TIP656: Mastering Stock Selection with an Investment Checklist w/ Clay Finck, or watch the video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORSSupport our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax HELP US OUT!Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this episode, Matt Odell, a Bitcoin pioneer and general partner at 1031 Venture Capital, sheds light on critical aspects of Bitcoin's evolution. He emphasizes the importance of open-source development through initiatives like OpenSats. Matt discusses his frustration with price predictions and the need for a community hub like Bitcoin Park. He highlights the roles of Nostr and Cashu in enhancing Bitcoin communications and payments, stressing a long-term mindset essential for the ecosystem's growth.

Larry Connor, founder of The Connor Group, shares his insights on contrarian investing and optimizing apartment complexes. He emphasizes the need for unconventional thinking and the power of seeing every asset as a unique business. Larry reveals his strategy of targeting 'train wreck' properties for improvement and the importance of counter-cyclical investing. He discusses how learning from failure fuels success and highlights the critical role of aligning core values and company culture to achieve exceptional returns.