Search for a command to run...
An expert discussion of portfolio construction that challenges traditional 60/40 investing strategies, explores the importance of understanding individual risk profiles, and examines how factors like time horizon, income stability, and macro trends impact optimal investment approaches.
JL Collins shares his simple path to wealth: avoid debt, live on less than you earn, invest the surplus in low-cost index funds, and understand that financial freedom is about buying your time and options, not just accumulating material possessions.
Kyle Grieve breaks down how Prem Watsa and Fairfax Financial compounded capital at 19% since 1985 through disciplined value investing, strategic insurance float management, resilient culture, and long-term thinking.
Clay Finck explores Daniel Gladiš's book "Hidden Investment Treasures", revealing how the rise of passive investing has created market inefficiencies and opportunities for disciplined value investors to find undervalued stocks across different sectors and geographies.
Harley Bassman discusses macroeconomic trends, investment strategies, and market insights, focusing on persistent inflation, fiscal deficits, passive equity flows, mortgage-backed securities, long-dated bond options, private credit, MLPs, and gold as an alternative currency.
Clay Finck discusses his 2025 portfolio additions, investment philosophy focused on quality businesses and exceptional founder-operators, and how he evaluates stocks beyond short-term market narratives.
In this episode, Alex Tonelli discusses how Endurance, a family office for three entrepreneurs, evolved from a startup holding company to a highly structured investment vehicle by applying first-principles thinking, focusing on vintage diversification, and avoiding institutional investment pitfalls.
Mark Manson discusses how to choose meaningful struggles in life by focusing on personal values, finding purpose through revealing rather than finding it, and understanding that a good life involves challenges you're grateful for and that serve a higher purpose.
A deep dive into trust structuring reveals how billionaires can preserve family wealth, enable their children's opportunities, and minimize taxes by carefully selecting an independent trustee who understands family dynamics and provides long-term strategic guidance.
A wide-ranging conversation with Guy Spier explores topics like investing, personal growth, psychedelics, music, and the importance of understanding oneself and the world, while emphasizing the value of writing down goals, continuous learning, and treating others with empathy.
Brent Beshore discusses Permanent Equity's unique $350M investment approach, focusing on long-term, debt-free ownership with 30-year fund horizons, prioritizing business legacy, cultural continuity, and meaningful relationships over traditional private equity's short-term, high-leverage strategies.
A seasoned investor reveals his unorthodox "observational investing" strategy of leveraging social media trends and consumer behavior shifts to generate massive returns, turning $20,000 into nearly $70 million over 17 years by identifying information asymmetries before the market catches on.
A thoughtful exploration of investing wisdom with Nima Shaye, focusing on the importance of understanding a business's qualitative roots, embracing long-term thinking, and surrendering to market uncertainty while maintaining a disciplined, patient approach.
Sam Parr shares insights on copywriting, emphasizing long-form content, writing simply at a fourth-grade reading level, and the importance of understanding your audience's emotions while telling a compelling story.
Hamilton Reiner, JPMorgan's CIO of US Core Equity, discusses how options can be used to create investment discipline, manage risk, and help investors stay invested through market volatility by providing downside protection and income generation.
An exploration of the dot-com bubble reveals how distorted incentives, speculative excess, and misaligned corporate governance led to a dramatic market crash, offering timeless lessons for investors about understanding value and avoiding hype.
Andrew Beer discusses the evolution of multi-strategy hedge funds, exploring how these "pod shops" generate superior risk-adjusted returns through sophisticated risk management, information advantages, and talent curation, while also explaining his approach to democratizing alternative investment strategies through low-cost, efficiently designed ETFs.
Yaron Naymark, founder of 1 Main Capital, discusses how he has patiently grown his concentrated long-biased hedge fund by outperforming major equity benchmarks, attracting investors through consistent communication, and making strategic operational improvements.
Howard Marks discusses his investment philosophy, the importance of avoiding losers, understanding market cycles, maintaining an even keel, and finding opportunities in inefficient markets while emphasizing the need to stack the odds in your favor and not overreach.
In a conversation with Nicolai Tangen, Ruchir Sharma discusses global market dynamics, the role of AI in economic growth, and potential shifts in the tech bubble and investment landscape.
Stig Brodersen shares insights on his portfolio changes in 2025, discussing his investment in Uber, sale of Evolution AB, thoughts on Alphabet's AI strategy, and the importance of having unfair advantages in investing.
John Morgan, a billionaire lawyer and entrepreneur, shares his journey of building a successful law firm and multiple side businesses, revealing how he leverages first-mover advantage, aggressive marketing, and unique attraction concepts to create profitable ventures.
A fascinating conversation with David Rubenstein exploring his journey from a modest background to becoming a successful private equity leader, philanthropist, and interviewer, delving into leadership, investing, history, humility, and the pursuit of happiness.
A deep dive into the psychology of marketing, decision-making, and human behavior, exploring how we make choices, the importance of trust and customer experience, and why rational optimization often fails to capture the complex ways humans truly value things.
Kyle Grieve breaks down Michael Mauboussin's insights on combating noise in investing, challenging common myths about valuation metrics, understanding intangible investments, and recognizing the low base rates of corporate survival.
Clay and Shawn discuss Shawn's investment approach, focusing on consumer-centric tech and retail companies like Adobe, Uber, Lululemon, and Nike, while exploring their intrinsic value portfolio and research process, with a particular emphasis on Adobe's potential despite AI-related market fears.
An insider's deep dive into building a durable venture capital firm by focusing on high-access Series A investments, operational support for founders, and maintaining consistent performance across investment vintages.
Kyle Grieve explores powerful mental models from systems thinking and mathematics, revealing how feedback loops, kill criteria, scale, compounding, power laws, randomness, and regression to the mean shape investing strategies and long-term success.
Meb Faber discusses the current U.S. stock market's extreme valuations, arguing that while returns have been exceptional over the past 15 years, investors should look beyond U.S. stocks and consider alternatives like foreign markets, value stocks, and trend-following strategies.
A vulnerable exploration of overcoming people-pleasing behavior by establishing healthy boundaries, sharing five transformative strategies to stop letting others walk all over you and reclaim your self-respect.
A candid conversation with Matt Morgan exploring how to make money through cryptocurrency and AI, while emphasizing the importance of financial education, risk tolerance, and ultimately pursuing freedom over material possessions.
Coca-Cola's journey from a local patent medicine to a global beverage empire is a story of innovative marketing, strategic bottling, and building a brand that transcends a simple sugar water drink into a symbol of happiness, friendship, and the American spirit.
Kyle Grieve explores key investment insights from various legendary investors profiled in John Train's "Money Masters of Our Time", highlighting their unique strategies, perspectives on market opportunities, and principles of successful investing across different market approaches.
Andrew Brenton discusses market inefficiencies, his investment theses on Floor & Decor and Kinsale Capital, and the importance of long-term, value-focused investing in a conversation that explores how patient investors can capitalize on market mispricing.
A comprehensive exploration of private equity's evolving landscape, focusing on the challenges of large buyouts and the potential opportunities in the lower middle market, while examining broader investment principles and market dynamics.
Charlie Munger explores 25 psychological tendencies that systematically distort human thinking, offering insights into how our brains can mislead us and providing strategies to recognize and counteract these cognitive biases.
Joshua Browder, founder of DoNotPay, discusses his journey from creating iPhone app themes to building a consumer rights technology company, sharing insights about his anti-authority approach, startup challenges, and commitment to helping people fight unfair fees and systems.
Erik YWR presents a bullish case for the stock market, arguing that the S&P could reach 10,000 by 2027 driven by strong corporate earnings, global economic growth, technological transformation, and potential banking sector expansion.
Charles Elson discusses the problematic $1 trillion compensation package for Elon Musk, criticizing its lack of accountability, excessive size, and potential negative implications for corporate governance at Tesla.
Luca Ferrari discusses Bending Spoons, a unique company that acquires and transforms digital businesses by applying deep functional expertise, focusing on talent density, and building a platform that can rapidly improve and scale acquired companies across product, design, and marketing.
Diving deep into the wisdom of philosophers like Spinoza, Nietzsche, Hume, and Bruce Lee, Kyle Grieve explores how timeless philosophical insights can enhance investors' thinking, emotional control, and decision-making processes in the complex world of financial markets.
Marc Andreessen and Ben Horowitz discuss the current state of AI, its potential limitations, and the evolving landscape of technological innovation, exploring topics ranging from machine intelligence and creativity to the geopolitical implications of AI development.
Tobias Carlisle explores Warren Buffett's investment strategies through the lens of Sun Tzu's "The Art of War," examining iconic deals like the GenRe acquisition and BNSF railroad purchase to reveal timeless principles of risk management and strategic investing.
An in-depth exploration of investing, forensic accounting, and market dynamics through the lens of Anthony Scilipoti's experiences, focusing on identifying potential bubbles, understanding financial statements, and the importance of looking beyond surface-level information.
Jim Grant discusses the current market euphoria, warning of potential speculative bubbles in Bitcoin, AI, and stocks, while highlighting the risks of excessive debt, overvaluation, and reckless financial behavior reminiscent of past market cycles.
Clay Finck shares 12 crucial investing lessons he wishes he knew at 18, including the importance of starting early, focusing on great businesses, understanding investor psychology, and thinking independently to build long-term wealth.
Industry Ventures' Jonathan Roosevelt explains how the firm leverages its 650-fund network and $8 billion in AUM to identify co-investment opportunities through rigorous diligence that emphasizes direct customer validation and manager credibility over social proof.
Dan Sundheim of D1 Capital discusses his philosophy on fundamental stock picking, navigating the GameStop short squeeze, managing billions across public and private markets, and why he believes the public markets are increasingly problematic for successful companies.
Tracy Britt Cool shares her journey from growing up on a farm to working with Warren Buffett and becoming a CEO, focusing on building enduring businesses through long-term thinking, people-centric strategies, and continuous improvement.
A deep dive into the AI bubble, exploring how circular investments, speculative trading, and concentrated market gains signal potential market risks, with insights on diversification and long-term investing strategies.
The podcast discusses potential changes to stock market reporting requirements and explores strategies for teaching children about financial literacy through an interview with a listener mom.
Hetty Green, a pioneering female Wall Street investor in the late 19th century, single-handedly prevented the collapse of the American economy during financial panics by lending millions at fair rates while maintaining her fierce independence and frugal lifestyle.
A deep exploration of why money doesn't automatically buy happiness in America, revealing how social expectations, invisible desire-based debt, and a lack of purpose can undermine personal contentment despite increasing wealth.
Daniel Negranu, a poker pro with over $50M in tournament winnings, shares insights on emotional intelligence, handling downswings, taking responsibility, and learning from both success and failure in poker and life.
Sid Malhotra discusses his journey from Citadel to becoming a CIO at Cactus Capital, sharing insights on long-term investing, absolute return strategies, preparing for market corrections, and the unique advantages of single family offices.
Sid Malhotra shares insights from his investment journey at Cactus Capital, discussing his approach to long-term investing, managing a single family office, and lessons learned from working at Citadel and Pritzker Group.
Derek Pilecki discusses current market conditions, investment opportunities in the financial sector, his successful investments in Robinhood and WEX Inc., and shares insights on value investing, regional banks, and the evolving banking landscape.
Derek Pilecki discusses current market conditions, investment opportunities in regional banks, fintech, and European banks, and shares insights on his successful investments in companies like Robinhood and WEX Inc.
Julian Robertson's Tiger Fund, a legendary hedge fund that delivered exceptional returns from 1980 to 1998, ultimately closed during the dot-com bubble due to Robertson's centralized management style and inability to adapt to the irrational market conditions.
Brian Miller shares insights into managing Sacramento County's $15 billion pension fund, discussing his journey from active equity management at Tuckman Grossman to becoming a public equity and absolute return investment officer, emphasizing long-term investing, manager selection, and the importance of understanding investment strategies across public and private markets.
Morgan Housel shares transformative financial advice focused on understanding the psychology of money, managing expectations, and using money as a tool for independence and contentment rather than status.
Kyle Grieve shares his detailed investing philosophy, discussing his two-pronged investment approach focusing on quality businesses and micro-cap inflection point companies, his methods for evaluating investments, managing portfolio risks, and the importance of maintaining a disciplined, patient mindset.
David Gardner discusses his book "Rule Breaker Investing," sharing his unique investment approach that focuses on finding and holding exceptional companies across different industries, emphasizing traits like top dog status, sustainable competitive advantage, and the importance of optimism and purpose in investing.
Cody Sanchez shares her journey from financial struggles to becoming a successful entrepreneur, emphasizing the importance of earning more, loving the process of making money, and understanding that success is about personal sovereignty and continuous growth. She discusses strategies for building wealth, buying businesses, and the significance of choosing the right relationships and opportunities in life.
Brian Feroldi breaks down the three key financial statements - balance sheet, income statement, and cash flow statement - explaining how they provide different windows into a company's financial health. He emphasizes the importance of understanding these statements, comparing financial analysis to reading music for a musician, and highlights how investors can use these statements to evaluate a company's performance, management, and potential future growth.
Kraft Heinz announced plans to split into two separate companies by 2026, with one focused on higher growth products and the other on slower growth staples. The move comes after years of struggling with changing consumer preferences and declining stock performance, potentially setting the stage for potential strategic acquisitions.
Here's a concise two-sentence description of the episode: In this episode, Alan from IEQ Capital discusses sophisticated investment strategies for high net worth individuals, emphasizing the importance of understanding personal risk tolerance, diversification, and maintaining a balanced portfolio across various asset classes. The conversation covers key topics such as private credit, opportunistic investing, managing national debt, and the role of emerging assets like cryptocurrency in a well-structured investment approach.
Here's a 2-sentence description for the episode: Rafael, the founder of Cross Capital, discusses his investment strategy focused on backing software businesses across the Americas, with a particular emphasis on the Brazilian tech ecosystem and a concentrated portfolio approach. The episode explores the unique characteristics of growth equity investing, the potential for market-leading companies to compound value, and the emerging role of AI in transforming regulated industries.