On today’s episode, Clay is joined by Roger Fan to discuss Joel Greenblatt’s book, “You can be a Stock Market Genius.” Joel Greenblatt is one of the greatest hedge fund managers of all time. Greenblatt famously averaged 40% a year over 20 years. At that rate, $1 million grows into $836 million.  He’s also the author of best-selling classics like “The Little Book that Beats the Market” and was a key character in William Green’s book, “Richer, Wiser, Happier.”  Roger Fan is the Chief Investment...

Exploring Bitcoin's Future as Both Store of Value and Medium of Exchange with Roy Sheinfeld, CEO of Breez, a leader in Bitcoin's Lightning Network.   IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:22 - How Breez uses the Lightning Network to enable seamless Bitcoin transactions. 04:50 - Challenges and solutions to improving Bitcoin’s user experience for mainstream adoption. 08:47 - Why Roy Sheinfeld believes Bitcoin must function as both a store of value and a medium of exchange. 18:54 - The...

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on building meaningful relationships and traveling with friends along the path, they discuss what has made them Richer, Wiser, or Happier in the past quarter IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:12 - Why the opposite of a virtue is also a virtue 23:06 - Why the Nomad Partnership principles resonate so deeply with the value investing community 29:22 - Why it...

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q4 2024. This quarter, they discuss Mastercard. Mastercard is a well-known company in the world of quality investors. Since its IPO in 2006, the stock has compounded at north of 30% per year. Alongside Visa, Mastercard operates in a duopolistic industry which enables them to continue to grow for long time periods with little capital investment. The company is also held in many superinvestors portfolios,...

Join us as we delve into Dread’s inspiring story, from his days as a world-class athlete to his significant contributions in the world of Bitcoin. Learn about the Caribbean crypto landscape, challenges of CBDCs, and his work with OpenSats funding innovative Bitcoin projects. Discover more about Flash, his Bitcoin wallet and exchange platform, and the fascinating world of e-cash engineering. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:34 - How Dread transitioned from a track and field...

In today’s episode, William Green chats with Brad Stulberg about how to thrive amid change. Brad is the best-selling author of Master of Change: How to Excel When Everything is Changing—Including You & The Practice of Groundedness: A Transformative Path to Success that Feeds—Not Crushes—Your Soul. Here, he shares practical tools & strategies based on scientific research, battled-tested wisdom, & his work as a high-performance coach to business leaders & elite athletes. IN...

On today’s episode, Clay is joined by Andrew Brenton to discuss his biggest investment lessons from beating the market over the past 25 years. Andrew Brenton is the CEO and co-founder of Turtle Creek Asset Management. Since its inception in 1998, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for the S&P 500. $10,000 invested into their fund at inception would have grown to over $1.2 million as of September 30th, 2024, and had that money been invested in the...

NVK joins the show to discuss the potential of AI, explore the impact of Nostr on data vending and content creation, and share his thoughts on security, hardware manufacturing challenges, and what's exciting in Bitcoin’s evolving tech landscape. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 08:34 - The core concept behind NVK's AI project, Unleashed.chat 14:54 - What digital vending machines are, and how they tie into Nostr. 21:13 - Frustrations NVK has with common security advice. 22:36 - Key...

On today’s episode, Kyle Grieve discusses the anatomy of a speculative event, why it’s so easy for people to take part in them, and why these events are unlikely to stop in the future; a few major euphoric episodes from history outlined in the book, three more recent bubbles that most listeners lived though, why the rise in IPOs are often the result of mini bubbles, six primary takeaways from the book to help protect yourself from investing in bubbles, and a whole lot more! IN THIS EPISODE...

Many investors who analyze stocks take the numbers provided by the company at face value, but there are times when this can be a massive investing mistake. To help shed light on what the earnings provided by a company really mean for us as investors, we reviewed the book — Quality of Earnings by Thornton O'Glove. Thornton is a Wall Street veteran known for pioneering red flag deviation analysis.  This book is an indispensable guide to determining how much money a company is really making to...

In this episode, Matt Odell discusses how open-source Bitcoin development is funded through initiatives like OpenSats, the significance of ignoring Satoshi’s identity, and why Nostr, Cashu, and Fedi are critical for Bitcoin’s future. He also shares insights on building Bitcoin Park, a community hub, and reveals one of his pet peeves in the Bitcoin space. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:04 - Why it’s essential to ignore the mystery behind Satoshi’s identity. 08:26 - What...

On today’s episode, Kyle Grieve chats with Larry Connor about why being different is crucial to outperformance, why turning over the most rocks and ruthlessly eliminating opportunities is vital to success, why Larry searches for “train wreck” apartments to optimize, the importance of investing counter-cyclically, how being unconstrained by conventional thinking has propelled his success, the critical importance of being disciplined to your core values, and a whole lot more! Larry Connor is...

On today’s episode, Clay reviews the wonderful book — Am I Being Too Subtle by Sam Zell.  Sam Zell has an impressive background, having started his career in real estate in the late 1960s.  He was the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam made many bold moves and investments, earning him a reputation as a savvy and fearless investor. One of Sam’s most notable achievements was his role in creating the modern-day...

Alex Leishman discusses River's recent report on the 30% growth in business Bitcoin adoption, detailing trends in cross-border payments, treasury management, and the unique ways businesses are integrating Bitcoin. He also touches on River's major new service, the importance of proof of reserves, and shares insights on how companies can navigate volatility in the crypto space. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:46 - Why Bitcoin adoption among businesses grew by 30% in just one...

In today’s episode, William Green chats with Jason Zweig about his updated & revised edition of Benjamin Graham’s The Intelligent Investor, which Warren Buffett describes as “by far the best book on investing ever written.” Jason, who also writes the Wall Street Journal’s Intelligent Investor column, explains why Graham’s classic book still holds vitally important lessons for today’s investors. He also shares what he’s learned from interviewing Buffett & Charlie Munger. IN THIS...

On today’s episode, Clay is joined by Derek Pilecki. 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 21.0% per annum versus 11.8% for the S&P 500 over the same time period. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:48 - Derek’s experience of launching a financials-focused fund 10 weeks...

In this episode, Allen shares his thoughts on the Saifedean vs. Saylor debate on borrowing against Bitcoin, the role of stablecoins in expanding fiat, and their underlying protocols. He also delves into the risks of stablecoins compared to traditional bank accounts and highlights current technical risks in the crypto space. Allen gives his take on free speech and technologies like Nostr and discusses the growing custody and derivatives activity with institutions like BNY Mellon and IBIT. IN...

In today's episode, Stig Brodersen outlines 10 things he has learned about investing since he started The Investor’s Podcast in 2014. In the second segment of the show, Clay Finck joins to discuss his top takeaways from his investing career.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:12 - Why you should be careful who you listen to about stock investing.  07:45 - Why you should not screen for stocks. 08:29 - Why Stig’s circle of competence is getting smaller. 11:31 - Why Stig do not...

On today’s episode, Clay is joined by Professor Hendrik Bessembinder to discuss his renowned research on the performance of individual stocks. Professor Bessembinder is a finance professor at Arizona State University, and his research titled, ‘Do Stocks Outperform Treasury Bills?’ has been referenced many times on the show. As a frequent speaker at conferences, financial markets, and universities around the world, Professor Bessembinder has more than 25 years of successful consulting...

In this episode, we dive into the technicalities of Bitcoin block templates, the Stratum V1 and V2 protocols, and the innovations brought by Ocean’s Datum Protocol. We also explore a fascinating story of Tesla hacking and the challenges of implementing decentralized mining pools. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:48 - What a Bitcoin block template is and its role in decentralization. 07:07 - The function and limitations of Stratum V1 software. 09:12 - How Stratum V2 aims to...

On today’s episode, Kyle Grieve chats with co-host Clay Finck about Clay’s favorite book, The Joys of Compounding. They discuss how compounding can profoundly affect people's lives inside and outside of investing, simple thinking tools to make better decisions, why humility is such an important trait all good investors possess, how to think about value and quality traps regarding evaluation, why you should emphasize compounding in your relationships with others and your health, and a whole...

On today’s episode, Clay and Kyle review The Most Important Thing by Howard Marks and share their most impactful takeaways. Howard Marks is the co-founder and co-Chairman of Oaktree Capital Management, a global investment giant with more than $190 billion in assets. He’s also the author of two best-selling books, “The Most Important Thing” and “Mastering the Market Cycle,” and his client memos have earned him renown as one of the world’s most insightful thinkers on financial markets and the...

In this episode, we dive into SAB 121’s implications on Bitcoin, discuss BNY Mellon’s crypto custody services, and explore how regulatory changes and institutional adoption could shape Bitcoin's future value. We also examine BlackRock’s demands on Coinbase, changes in M2 money supply, and Basel III’s risk weight requirements for cryptoassets. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:32 - The significance of BNY Mellon’s approval for custody services. 02:01 - Michael Saylor's three...

On today’s episode, Kyle Grieve discusses the investing philosophy and concepts from the Nomad Investment Partnership, how they created their fund structure to align themselves with partners, why they settled on inactivity, the powerful effects of businesses that share profits with customers rather than shareholder, how they ended up focusing on the scale economies shared business model, how they dealt with commitment bias, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 -...