TIP759: The Art of Spending Money w/ Morgan Housel
10 October - 1 hour 8 minsOn today’s episode, Clay is joined by Morgan Housel to discuss his newest book, The Art of Spending Money — Simple Choices for a Richer Life.
Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 8 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:04 - The intersection of money and happiness
06:08 - Why Buffett’s inner scorecard can empower us to use money as a tool instead of letting money use us
20:40 - Why the happiest people we know are oftentimes the mo...
Series Episodes
TIP760: Dollar Dominance Decline w/ Lyn Alden
In this episode, Stig Brodersen welcomes back one of the most insightful voices in global macroeconomics, Lyn Alden. In this wide-ranging conversation, they explore the shifting landscape of the U.S. dollar and its role in a rapidly changing world. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:11 - Whether we’re moving from a US dollar system to a three-polar currency system 09:14 - The relationship between the fiscal deficit and the US dollar 18:51 - Why the US dollar may not go back to the strength it had in 2022 any time soon 22:23 - How to use US dollar sanctions (if at all) to achieve your goals 37:01 - Whether the US effectively implements capital controls 41:55 - What would happen if the Fed lost its independence 50:16 - Can the fiscal budget effectively balance? 57:18 - How to think about investing in high-quality equity investing in an era of fiscal dominance 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. Lyn Alden’s book, Broken Money. Our interview with Lyn Alden about Investing during Fiscal Dominance. Our interview with Lyn Alden about Gold. Our interview with Lyn Alden about Currencies and Debt. Our interview with Lyn Alden about her book, Broken Money. Our interview with Lyn Alden about How the Fed Went Broke. Our interview with Lyn Alden about Macro and the Energy Market. Our interview with Lyn Alden about Money. Kenneth Rogoff’s book, Our Dollar Your Problem. Lyn Alden's free website. Related books mentioned in the podcast. Ad-free episodes on 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 Human Rights Foundation Linkedin Talent Solutions Vanta Unchained Onramp Netsuite Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
1 hour 18 mins
12 October Finished
TECH004: Sam Altman & the Rise of OpenAI w/ Seb Bunney
Seb and Preston analyze the book "Empire of AI," reflecting on Sam Altman’s rise and OpenAI’s transformation from a nonprofit into a powerhouse AI firm. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 00:04 - Why Sam Altman’s early ventures shaped his leadership style 00:09 - How storytelling plays a role in securing AI funding and public trust 00:11 - The founding vision behind OpenAI and Elon Musk’s original role 00:18 - The internal power struggles that led to Altman’s firing and reinstatement 00:20 - The significance of AI governance structures in shaping future technologies 00:28 - How OpenAI evolved from a non-profit to a capped-profit model 00:33 - Why AGI poses ethical and societal challenges 00:39 - The hidden costs and global inequalities in AI model training 01:00 - A sneak peek into longevity research and Lifespan by David Sinclair 01:01 - Why ancestral health might hold keys to understanding aging BOOKS AND RESOURCES Related book: Empire of AI: Dreams and Nightmares in Sam Altman's OpenAI. Seb’s Website and book: The Hidden Cost of Money. Seb's Blog: The Qi of Self-Sovereignty. Next book: Lifespan: Why We Age―and Why We Don't Have To. Related books mentioned in the podcast. Ad-free episodes on 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: Simple Mining Human Rights Foundation Kubera HardBlock LinkedIn Talent Solutions Unchained Vanta Shopify NetSuite Onramp Public.com Abundant Mines Horizon Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
1 hour 5 mins
8 October Finished
RWH061: How To Thrive No Matter What w/ Arnold Van Den Berg
In this episode, William Green chats with Arnold Van Den Berg, a revered investor whom he spotlighted in his book, Richer, Wiser, Happier. Against all odds, Arnold has run a highly successful investment firm for 50 years. Here, he discusses what he’s learned about how to succeed in markets & life; shares practical tools that he’s found transformative; & explains how he’s positioned to survive & thrive in the most overvalued US stock market he’s ever seen. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:57 - How extreme focus saved the life of Arnold Van Den Berg’s father. 14:05 - How to develop one-pointed focus & get into a flow state. 18:50 - What Dostoevsky taught Arnold about avoiding lies & discerning truth. 40:58 - How Arnold overcame a terrible self-image & “reprogrammed” himself. 40:58 - How he taught himself to be a successful investor. 01:34:51 - What habits he practices every day, including his favorite affirmations. 01:47:53 - How he remains optimistic amid adversity. 01:51:56 - Why he’s betting big on gold, silver, uranium, oil & natural gas. 01:51:56 - Why he thinks the S&P 500 “is one of the worst things you could buy.” 01:57:54 - Why he warns against long-term Treasury bonds & “anything with leverage.” 02:02:24 - How he & his firm are harnessing Artificial Intelligence. 02:09:59 - What brings him the greatest happiness. 02:19:02 - What you’ll learn from his favorite book about the “real secret to life.” 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. Inquire about William Green’s Richer, Wiser, Happier Masterclass. Arnold Van Den Berg’s investment firm, Century Management. Write to request Arnold’s report on one-pointed focus. Mihaly Csikszentmihalyi's Flow. Victor Frankl's Man’s Search for Meaning. Fyodor Dostoevsky's The Brothers Karamazov. James Nestor's Breath. Leslie Lecron's Self Hypnotism. Harry Carpenter's The Genie Within. Harry Carpenter’s audio recordings for relaxation & self-hypnosis. James Allen' Mind is the Master, including “From Poverty to Power”. William Green’s 2022 podcast interview with Arnold Van Den Berg. William Green’s 2023 podcast interview with Arnold Van Den Berg. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. 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: Simple Mining HardBlock Human Rights Foundation Linkedin Talent Solutions Netsuite Shopify Vanta Abundant Mines 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
2 hours 20 mins
5 October Finished
TIP758: Current Market Conditions & Investment Opportunities w/ Derek Pilecki
On today’s episode, Clay is joined by Derek Pilecki to discuss the current market conditions and the investment opportunities he’s finding in today’s chaotic environment. Derek is a managing member and portfolio manager at Gator Capital Management, which manages Financials sector long/short portfolios for private partnerships and mutual funds. Since its inception in July 2008, Gator Capital has compounded capital at 21.8% per annum versus 11.9% for the S&P 500 over the same time period. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:33 - Derek’s process of looking for a potential 26% IRR on new investments. 07:43 - How value investing has evolved over the tenure of running his fund. 12:23 - The moves he made during the tariff tantrum earlier this year. 15:14 - How Buffett has influenced him as an investor. 19:51 - The opportunities he’s finding in the market today. 23:00 - How he expects the Fed’s interest rate cuts to impact the economy, the banking sector, and the real estate market. 45:25 - What Derek saw in Robinhood’s stock before it increased by over 10x. 58:24 - Derek’s investment thesis in WEX Inc. 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. Derek’s fund: Gator Capital. Derek’s letters. Related Episode: TIP669: Quietly Compounding at 20%+ Per Year w/ Derek Pilecki. Follow Derek on X. Follow Clay on LinkedIn & X. Related books mentioned in the podcast. Ad-free episodes on 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: Simple Mining Human Rights Foundation Kubera HardBlock LinkedIn Talent Solutions Unchained Vanta Shopify NetSuite Onramp Public.com Abundant Mines Horizon Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm 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
1 hour 2 mins
3 October Finished
TECH003: Elon Musk's Tesla Robotaxi, Optimus, and more w/ Cern Basher (Tech Podcast)
Cern Basher joins Preston Pysh to talk about robotaxi and robo-trucking economics, Optimus humanoid robots, and Wall Street’s short-term blind spots. Cern also unpacks Tesla’s Dojo shutdown, its true data moat, the macro impacts of autonomy and deflation, and why Bitcoin may be the ultimate corporate treasury hedge in this new era. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - Why Tesla shut down Dojo and what that means 08:14 - How Tesla’s data advantage beats hardware competition 09:12 - Why Tesla’s future lies in AI and robotics, not just vehicles 12:49 - The deflationary effects of autonomy on labor and goods 20:55 - How investors can exploit Wall Street’s short-term bias 21:26 - How robotaxis could beat Uber’s per-mile costs by 10x 28:02 - Why robo-trucking may surpass robotaxis in profitability 40:00 - Why Bitcoin could hedge corporate treasuries in a new economy 42:09 - How Optimus robots could drive labor costs under $1/hour 45:42 - The economics of Robot-as-a-Service and Tesla’s potential moat BOOKS AND RESOURCES X Account: Cern Basher. Cern’s company: Brilliant Advice. Related books mentioned in the podcast. Ad-free episodes on 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: Simple Mining HardBlock Human Rights Foundation Linkedin Talent Solutions Netsuite Shopify Vanta Abundant Mines Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
56 mins
1 October Finished
