In this episode, Clay shares the key principles behind his personal investment approach. His approach has been shaped by over a decade of experience and lessons from great investors like Charlie Munger, Nick Sleep, and Chris Mayer. He explains how he builds a portfolio focused on high-quality businesses and long-term compounding. It’s a candid look at how he filters out the noise and plays the game on his own terms.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:19 - How Clay defines and pursues financial independence through investing.
05:22 - The lessons Clay learned from Charlie Munger, Nick Sleep, and Chris Mayer.
08:35 - How Clay constructs and thinks about his personal portfolio.
16:22 - Why great businesses often beat cheap stocks over the long run.
27:05 - What “sidecar investing” means and how to apply it.
58:08 - The importance of simplicity and ignoring market noise.
01:04:26 - Why patience may be the biggest edge in investing.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Richard Zechhauser’s paper: Investing in the Unknown and Unknowable.
Related Episode: TIP598: A Tribute to Charlie Munger.
Related Episode: TIP492: The Best Investor You've Never Heard Of (Nick Sleep).
Related Episode: TIP677: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder.
Related Episode: TIP713: Why Serial Acquirers Outperform w/ Niklas Savas.
Clay’s podcast episode on Constellation Software.
Clay’s podcast episode on Topicus.
Clay’s podcast episode on Dino Polska.
Clay’s podcast episode on Booking Holdings.
Clay’s video on Lumine.
Follow Clay on X and LinkedIn.
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?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
AnchorWatch
Human Rights Foundation
Onramp
Superhero Leadership
Unchained
Vanta
Shopify
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.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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1:11:50
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1:11:50
BTC241: Bitcoin Treasury Companies w/ James Check (Checkmate) Bitcoin Podcast
James and Preston dissect the evolving cryptocurrency landscape—from market structure transitions and on-chain data missteps to Bitcoin mining incentives and the cutting-edge strategies behind Bitcoin Treasury companies.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:47 - Lessons learned from the 2020-2021 crypto cycle
04:59 - Why the crypto market is shifting from spot to leverage-driven models
05:54 - The role of futures and ETFs in today’s low-activity network
10:42 - How mining subsidies influence innovation and decentralization
14:08 - Why fees are crucial for protecting Bitcoin from censorship
19:32 - How Bitcoin’s dominance affects altcoin cycles
26:35 - Insights into tokenized sovereign debt and blockchain scalability
32:15 - The potential long-term shift in global KYC regulations
33:13 - The rise and risks of Bitcoin Treasury companies
38:53 - Key differences between MicroStrategy and competitors
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Related resource: Checkmate’s substack.
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?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
AnchorWatch
Human Rights Foundation
Onramp
Superhero Leadership
Unchained
Vanta
Shopify
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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1:28:36
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1:28:36
TIP733: How Warren Buffett Became Warren Buffett
On today’s episode, Kyle Grieve discusses how Warren Buffett evolved from a young entrepreneur with an intense fascination for numbers into one of history’s most disciplined and independent investors. The episode explores the key influences, early lessons, and defining choices that shaped his unique approach to business and capital allocation.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:04 - How Buffett showed business instincts as a young boy
03:44 - How Buffett used scuttlebutt early in his career
04:26 - The influence Buffett’s father had on his mindset
11:06 - Three timeless principles Buffett learned from Ben Graham
19:11 - The period Buffett compounded at over 50% annually
23:49 - How a “cigar butt” taught Buffett pricing power
29:33 - Why Buffett embraced concentrated investing from the start
45:14 - Why Buffett saw media companies as modern-day toll bridges
54:02 - Buffett’s core disagreement with efficient market theory
1:00:00 - What Buffett learned while rescuing Salomon Brothers
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy a copy of Buffett: The Making of an American Capitalist here.
Follow Kyle on X and LinkedIn.
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?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORSSupport our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
Unchained
Human Rights Foundation
Vanta
Indeed
Fundrise
Onramp
reMarkable
Shopify
Abundant Mines
River Financial
The Bitcoin Way
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.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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1:14:07
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1:14:07
TIP732: The Mindset and Skills That Build Investing Legends w/ Ian Cassel
On today’s episode, Kyle Grieve chats with Ian Cassel about what separates good, great, and GOAT investors by breaking down the five core skills of stock picking. We'll also explore how elite investors evolve, avoid common traps, and develop underappreciated edges that compound into long-term outperformance.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:30 - What sparked Ian’s obsession with investor greatness.
07:41 - The two metrics that reveal actual investing skill.
13:07 - Why radical self-honesty drives long-term improvement.
16:41 - The track records that define good, great, and GOAT investors.
19:09 - What a jiu-jitsu legend taught Ian about mastery.
19:09 - Five core skills every top investor must develop.
36:19 - Why staying the same means falling behind.
44:16 - Hidden skills that give GOATs an unfair edge.
01:08:16 - The rare skill Ian leverages for outperformance.
01:11:15 - Offense vs. defense: applying it to your portfolio.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Read Ian’s MicroCapClub Newsletter here.
Check out the MicroCapClub here.
Learn about MicroCapClub’s free events here.
Follow Kyle on X and LinkedIn.
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?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
Unchained
Human Rights Foundation
Vanta
Indeed
Fundrise
Onramp
reMarkable
Shopify
Abundant Mines
River Financial
The Bitcoin Way
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.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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1:28:54
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1:28:54
BTC240: Economic Calculation w/ Bitcoin with Joe Burnett and Chris Nicholson (Bitcoin Podcast)
In this episode, Preston sits down with Chris and Joe to explore how Bitcoin is changing the way we think about corporate treasuries, asset valuation, and investment risk.
They dive into the STRIVE report, debate traditional financial models, and propose new frameworks for evaluating assets in a Bitcoin-denominated world.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:58 - How Bitcoin reshapes asset valuation and opportunity cost analysis
10:23 - Why Internal Rate of Return (IRR) is crucial for comparing investments in a Bitcoin world
13:05 - The challenges of applying traditional DCF models to Bitcoin
20:45 - The concept and implications of the equity stability premium
22:59 - How Bitcoin’s volatility can be reframed as an asset rather than a liability
26:19 - Why volatility perceptions differ between traditional finance and Bitcoin maximalists
31:08 - How Bitcoin adoption trends impact valuation and investment strategy
08:29 - Preston’s personal journey in reevaluating valuation models using Bitcoin
40:46 - Portfolio risk management principles involving Bitcoin and traditional assets
50:06 - Insights from the STRIVE report on future asset valuation frameworks
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Joe's X Account.
Chris' X Account.
The Strive Report on: The Case for Bitcoin in Corporate Treasuries.
The Unchained Report: Repricing the Economy in Bitcoin.
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?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
Hardblock
AnchorWatch
Unchained
Human Rights Foundation
Vanta
Indeed
Fundrise
Onramp
reMarkable
Shopify
Abundant Mines
River Financial
The Bitcoin Way
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Su We Study Billionaires - The Investor’s Podcast Network
We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
We Study Billionaires is the largest stock investing podcast show in the world with 180,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve.
This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.
And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Ascolta We Study Billionaires - The Investor’s Podcast Network, The Diary Of A CEO with Steven Bartlett e molti altri podcast da tutto il mondo con l’applicazione di radio.it
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