We Study Billionaires - The Investor’s Podcast Network

Explore the fascinating journey of Sam Zell, a legendary investor known for his contrarian strategies and bold real estate moves. Discover how he earned the nickname 'The Grave Dancer' and developed his unique investment criteria. Delve into his record-breaking $39 billion deal and uncover insights into building strong company culture. Zell's adventurous spirit shines through as he shares lessons from his life, from escaping Poland to pioneering the REIT industry, offering valuable wisdom for aspiring investors.

In this engaging conversation, Alex Leishman, CEO of River, shares insights on a remarkable 30% growth in business Bitcoin adoption. He discusses how private companies are leading the charge, navigating the complexities of treasury management and volatility in crypto. Alex unveils River’s new service that offers interest on FDIC-insured cash deposits. He emphasizes the significance of proof of reserves for transparency and offers valuable advice for newcomers exploring the evolving landscape of cryptocurrency.

In this engaging discussion, Jason Zweig, author of the revised edition of Benjamin Graham’s classic, dives into the timeless principles that make investing successful. He shares insights gleaned from interviews with Warren Buffett and the intricacies of revising a legendary text. Zweig explains how emotional restraint can lead to profits, and the vital importance of understanding your investment style—be it enterprising or defensive. With a focus on maintaining a 'margin of safety,' he emphasizes the benefits of index funds and the perils of market speculation.

Derek Pilecki, managing member and portfolio manager at Gator Capital Management, shares his journey in launching a financials-focused fund just before the Lehman Brothers collapse. He discusses achieving an astounding 21% annual return while navigating the 2008 crisis, including strategies like aggressive trading and focusing on undervalued stocks. Derek reveals why he's bullish on financial companies, highlights a remarkable 186% return in 2009, and discusses his top position in First Citizens Bancshares amidst current market conditions.

Allen Farrington, author of 'Bitcoin Is Venice' and founder of Axiom BTC Capital, dives deep into the contentious debate between Saifedean and Saylor about borrowing against Bitcoin. He discusses the risks of stablecoins compared to traditional bank accounts and their role in expanding fiat currencies. Allen highlights critical technical risks in crypto and examines institutional involvement, including BNY Mellon's custody services. Lastly, he touches on free speech technologies like Nostr, and their implications for Bitcoin's future.

Stig Brodersen shares ten pivotal lessons learned from a decade of investing. He stresses the importance of careful listening, the risks of stock screening, and the necessity of self-imposed rules. Discussion of diversification and position sizing offers insights into effective portfolio management. The balance between luck and skill in investing is explored, as well as the value of patience and community support for personal growth. Reflecting on his journey, Stig emphasizes adapting strategies to navigate market complexities.

Professor Hendrik Bessembinder, a finance expert from Arizona State University, dives into why most stocks fail to deliver returns over the long haul. He highlights that only a select few stocks drive market gains while the majority lose money. Bessembinder discusses the asymmetry in stock market returns and why equities outshine treasury bills over time. He shares insights on the characteristics of the biggest market winners and the challenges stock pickers face today, revealing intriguing trends in both U.S. and international stocks.

Bitcoin Mechanic, a pioneer in the Bitcoin mining realm, alongside Jason Hughes, a talented programmer, delve into the intricacies of Bitcoin mining decentralization. They discuss the innovative Datum Protocol and its impact on custom block templates, enabling both small and large miners to thrive. An intriguing Tesla hacking story adds an unexpected twist, while the challenges faced by decentralized mining pools shed light on the future of Bitcoin. The evolution from Stratum V1 to V2 highlights the ongoing quest for miner autonomy.

Dive into the profound effects of compounding beyond just finance. Discover its impact on personal growth, relationships, and health. Uncover valuable thinking tools that can enhance decision-making and the critical role of humility in investing. Explore the principles of successful investors like Warren Buffett while learning to live by your inner values. From navigating quality investments to embracing lifelong education, this conversation reveals how compounding can enrich all aspects of life!

The discussion dives into Howard Marks' profound investment principles, highlighting second-level thinking and risk management. Listeners learn how mispriced stocks can be identified and the unique interaction between luck and skill in investing. The importance of patient opportunism is emphasized, along with strategies for recognizing market risks during varying cycles. Engaging anecdotes shed light on how seasoned investors navigate complex financial landscapes, while insights on Bitcoin investing provide useful tools for financial planning.