We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen and William Green explore what made them richer, wiser, and happier in recent months. They discuss how to embrace vulnerability and the healing power of kindness, while sharing personal anecdotes about confronting emotional struggles. The conversation highlights the importance of genuine connections and navigating trust in the investing community. They also reflect on cultural attitudes toward success, the impact of small acts of generosity, and finding wisdom through literature. Join them for insights on personal growth and forging meaningful relationships.

Kris Sidial, co-investment officer of Ambrus Group, dives into the world of tail risk hedging. He reveals how this strategy can shield investors from market crashes and enhance long-term returns. Kris discusses the volatility index (VIX) and examples of historical market downturns where tail risk strategies excelled. He emphasizes the importance of strategic cash positions and the psychological biases that can lead to underestimating market risks. Plus, he shares insights from legendary traders that shaped his investment philosophy.

Paolo Ardoino, the Chief Technology Officer of Tether, dives into Tether’s stunning $13.7 billion profit, revealing insights from its operational strategies and a potential Wall Street stablecoin competition. He discusses Tether’s bold expansion into El Salvador and its innovative AI projects. The conversation touches on the implications of running on the Lightning Network for future transactions and the possibilities of tokenized equity in the UAE, all framed within Tether's vision for decentralization and financial accessibility.

Kyle Grieve dives deep into the evolution of risk from ancient gambling to modern finance. He unveils how risk management's foundations lie in gambling and explores the significant breakthroughs by thinkers like Pascal and Fermat. The conversation highlights the distortions caused by regression to the mean and the perils of irrational decision-making, as illustrated by prospect theory. Grieve emphasizes the importance of focusing on downside risk and critiques typical diversification strategies. The discussion offers insights into how biases can sabotage investor success.

Lyn Alden, a macro analyst and author of 'Broken Money,' dives into the concept of fiscal dominance and its significant effect on financial markets. She explains why the S&P 500 thrives despite high interest rates and discusses the outlook for big tech. Alden also reveals how the U.S. will manage large fiscal deficits and shares three major investment trends to watch. With insights on navigating investment strategies in this unique economic landscape, she emphasizes the importance of adaptability and diversification for investors.

Joe Burnett, a Bitcoin analyst, and Nik Bhatia, a bond market expert, delve into Bitcoin's transformative role in global finance. They discuss Michael Saylor's 'waterfall analogy' and how capital flows to Bitcoin. The conversation highlights Bitcoin's disruptive potential in reducing violence and systemic corruption. Bhatia explains the bond market's impact on fiat money, likening it to a Ponzi scheme. They also examine how Bitcoin's fixed supply challenges traditional assets and its growing recognition as a legitimate commodity.

In this discussion, Jason Donville, an award-winning analyst with deep experience in Asia and Canada, teams up with Jesse Gamble, an MBA holder from Ivey Business School. They dive into their investment philosophy, emphasizing the growing importance of the rule of 40 for identifying undervalued growth stocks. The duo shares insights on market reactions to interest rates, the evolving landscape shaped by AI, and strategies for evaluating high-growth investments. They also highlight the potential goldmine within small-cap stocks and the need for adaptability in turbulent markets.

In this insightful discussion, Clay and Kyle dive into AppFolio, a transformative software company in property management. They highlight its impressive revenue growth and how AI innovations like Realm-X enhance its competitive edge. The conversation also tackles key risks, the dynamics of its market, and why AppFolio is likened to a payments business in disguise. Additionally, they explore the importance of aligning executive compensation with shareholder interests, providing a complete picture for potential investors.

CJ Konstantinos, the founder of People's Reserve, dives into innovative Bitcoin-backed financial products, including self-repaying mortgages. He shares his personal journey into Bitcoin and highlights how these loans can revolutionize real estate lending. The conversation touches on the challenges of navigating regulations and how Bitcoin can serve as the internet economy's reserve asset. Additionally, CJ discusses the transformative potential of Bitcoin bonds and the future with traditional banking as cryptocurrency becomes mainstream.

Terry Smith, a British investing titan and manager of the Fundsmith Equity Fund, shares his remarkable journey from poverty to becoming a billionaire. He discusses his knack for spotting great businesses, revealing why many of his favorites are over a century old. Smith candidly critiques sectors like tech, expressing skepticism about Tesla while praising Microsoft's business model. He explains the importance of understanding economic realities in investing and shares lessons learned from Sir John Templeton, all while emphasizing resilience in the face of professional challenges.