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    TIP530: The Top 5 Billionaire Books w/ Richard Wilson

    Successful investment involves patience, expertise, and a conservative approach. Sticking to a strategy, improving terms, and seeking diversification in various spaces can help grow the balance sheet while minimizing costly mistakes.

    enMarch 03, 2023

    About this Episode

    Trey invites Richard Wilson. Together, they discuss his top 5 favorite books written by billionaires and tease out the lessons from each one. Richard is the Founder and CEO of The Family Office Club, which is the #1 family office association with over 4,000 registered family offices. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - What a family office is and how it works. 16:53 - The first thing you should focus on when setting one up. 46:54 - Key lessons from Richard’s top 5 billionaire books. 54:14 - Insights from billionaire keynotes from his events, including Jeff Hoffman, Grant Cardone and others. 58:09 - The strategies that Richard finds most useful. 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, and the other community members. Visit The Family Office Club Website. Check out: Billionaires.com. Visit The Investors Club Website. Related Episode: Listen to Secrets from a Private Billionaire Club w/ Michael Sonnenfeldt - TIP525  or watch the video. Richard Wilson's Twitter. Trey Lockerbie's Twitter. NEW TO THE SHOW? Check out our We Study Billionaires 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. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

    🔑 Key Takeaways

    • Learning from the strategies of successful billionaires can offer invaluable wisdom for anyone seeking financial success. Continuously improving one's knowledge and skills is crucial for long-term growth and wealth accumulation.
    • Consistently sharing industry knowledge and applying influence principles can lead to gaining authority and mass reciprocation. Work hard, read everything possible, and share your knowledge with others to build your brand and achieve success.
    • Establish yourself as a titan in the industry to see deals first. Set up a Family Office to manage investments more efficiently and reduce costly mistakes. Build teams to handle tasks as your time becomes more valuable.
    • Family offices come in three types - virtual, single and multi-family offices - and are tailored to suit the needs of ultra-wealthy clients at different levels. With the right structure and investment strategy, they can help minimize mistakes, move faster, and achieve greater success.
    • Clear values, objectives, and missions are essential in setting up a family office. Customizing strategies based on individual values can lead to better outcomes and exclusive investment opportunities. A clear sense of direction is vital to optimize investment decisions and achieve goals.
    • To maximize benefits, focus on identifying and investing in strategic choke points, and consider structuring royalty deals to create win-win solutions for all parties involved.
    • Structuring royalties can protect equity and prevent permanent dilution for business owners while providing additional returns for investors. Balancing equity and royalties can lead to growth and control for both parties.
    • Offering warrants over equity provides benefits to both company owners and investors, with warrants having a time frame and the right of participation not expiring at the terminal sale. Investors need to compare term sheets before deciding and skipping small opportunities can lead to bigger ones in the future.
    • Medical practice owners should consider alternative equity options, such as right participation, and take calculated risks in areas of high future demand to scale their business and maximize profits. A dip in investment flows can create discounted opportunities, but having a high conviction edge is crucial for success.
    • Real estate investment during uncertain times may seem risky, but it presents opportunities for great deals. Prioritize ethical individuals with good intentions and all-cash purchases to mitigate financial risk.
    • Surround yourself with trustworthy individuals and read books by successful billionaires to gain valuable insights and transform your business strategy. Focus on a big goal, strive for excellence, be kind, generous, well-informed, and networked.
    • There is no one-size-fits-all approach to achieving success. It's essential to identify our strengths and work smart, whether it's through hiring or being obsessive and persistent.
    • Building strong relationships through warmth and approachability can lead to success, but it’s important to also recognize the marketing tactics of some individuals. When investing in real estate, multi-family properties may offer better long-term returns, but investors should be aware of associated risks.
    • Successful investment involves patience, expertise, and a conservative approach. Sticking to a strategy, improving terms, and seeking diversification in various spaces can help grow the balance sheet while minimizing costly mistakes.
    • To increase success in investing, focus on a niche that aligns with your expertise or passion. Research, attend events, and make small test investments before strategically investing. Prioritize tax-efficient strategies and structuring before exit planning.
    • High-net-worth individuals and families can protect their wealth by utilizing tax-saving strategies like QOZs and R&D tax credits. Avoiding clerical errors, seeking tax feedback, and attending events can also lead to significant savings.

    📝 Podcast Summary

    Insights from Founder of Family Office Club on Investing Strategies for Billionaires

    Billionaires often struggle with investing their wealth once they sell their assets. Richard Wilson, founder and CEO of the Family Office Club, helps them set up family offices and invest their wealth wisely. Wilson has set up over 200 family offices, interviewed 25 out of his goal of 100 billionaires and works with clients ranging from billionaires to millionaires. He stresses the importance of studying billionaires and their strategies and believes that anyone seeking success should do the same. Wilson's insight into billionaires and their investment strategies offers invaluable wisdom for anyone seeking financial success. It also highlights the importance of staying focused on valuable expertise and continuously improving one's knowledge and skills.

    From Zero to Thought Leader: The Journey of The Family Office Club

    Consistently providing thought leadership to a small niche group and enacting different influence principles leads to gaining authority and mass reciprocation. Despite having no authority at the beginning, the key is to work hard and gain experience in the industry. Reading everything possible and sharing the knowledge acquired with others is the shortcut to success. The Family Office Club was started by sharing helpful information on the family office ultra-wealthy niche, which had no other thought leaders. Richard Wilson studied the psychology of influence and structured the business based on Cialdini's influence principles, such as having a position of authority, scarcity, reciprocation, and commitment and consistency. The blog generated significant revenue and exposure, leading to a book deal with Wiley.

    Key Strategies for Ultra Wealthy Investors and Billionaires.

    One of the most important things for ultra wealthy investors and billionaires is to see deals first exclusively and at a better valuation than others, which helps compound their wealth very quickly. This can be achieved by establishing oneself as a titan in the industry and being an attraction factor instead of chasing people. Another important aspect in managing wealth as one becomes wealthier is setting up a Family Office, which manages various aspects of investment and wealth management. This helps allocate capital, makes things more tax efficient and reduces the risk of making costly mistakes. As one becomes busier and their time becomes more valuable, it makes sense to build teams around them to handle various tasks.

    Understanding the Three Types of Family Offices

    The three main types of Family Offices are virtual, single, and multi-family offices. Virtual family offices are designed for individuals with a net worth of around $10 million or more. Single family offices are created for clients who need full-fledged services, ranging from 2-100+ full-time employees. The multi-family offices are designed for super wealthy individuals, with a minimum net worth of $100 million per client. However, some will take in clients with a net worth of $10 million or more. The decision to set up a family office depends on the complexity of the portfolio and the level of chaos around it. Most ultra-wealthy families specialize in just one or two niches and have a strong defensive team and investment strategy. Family offices can also benefit from having an LLC or a business structure around the actual entity to write off more expenses. Overall, a family office can help in making less expensive mistakes, moving faster, and playing a greater offense.

    Setting clear values and objectives for a successful Family Office.

    Setting clear values, objectives, and mission is crucial when setting up a Family Office. These factors will determine the level of cost, complexity, and investment of time needed. Without them, it can be challenging to work towards a family's interests. Customizing strategies and investments based on individual values can also lead to better outcomes. The Family Office can also offer unique investing strategies, such as direct investment in companies and exclusive access to deal flow. Overall, it's vital to have a clear sense of direction and purpose when starting a Family Office to optimize investment decisions and achieve goals.

    Building strategic partnerships through choke points and royalty deals

    The key to success in business is to focus on strategic choke points and build a reputation as a valuable strategic partner. Families who have a lot of ownership of choke points, influence, and distribution will get sweetheart deals with better valuations. The most crucial thing is to structure the investment right to ensure maximum benefits for all parties involved. One way to do this is through structuring royalty deals, which can be a win-win solution for both the business owner and the investor. Royalty deals can be structured in multiple ways, and it's important to understand what works best for each party. Ultra-wealthy people should focus on investment structure so that an average deal can turn into an amazing deal.

    The Benefits of Structuring Royalties in Deals with Investors

    Royalties can be a great way to protect equity and prevent permanent dilution for business owners, especially in deals involving investors. Structuring royalties in deals can provide multiple benefits, including additional returns for investors, extra equity for owners, and protection against excessive dilution. While dilution can be bad, there are strategic ways to use it as well, especially when dealing with sophisticated investors who may appreciate having gross revenue royalties instead of just equity stakes. The goal is to strike a balance between equity and royalties for both parties to enable growth and prevent excessive dilution while also ensuring investors can get their returns and business owners can maintain control of their companies.

    Prioritizing Warrants over Equity for Big Family/Investor Partnerships

    When seeking partnership with big families/investors, one needs to be willing to offer different terms. It's important to prioritize warrants over equity, as they provide benefits to both company owners and investors. Equity warrants have a time frame within which one has to invest a certain amount, whereas if one has the right of participation that doesn't expire at the terminal sale, they won't have to get diluted multiple times. Investors need to compare the term sheets they received from different institutional investors before making any decisions. Skipping college ball and minor leagues would help one reach the major leagues if they want to operate on a bigger scale.

    Exploring Equity Options for Medical Practice Owners

    Medical practice owners should explore other equity options to scale their business instead of giving away 20-40%. Right participation can give a share in profits after a sale occurs. Private equity has become increasingly popular over real estate investment. A dip in investment flows can create a discounted opportunity to take risks, as sitting on hands instead of allocating can lead to a 20-25% discount in investments. It's best to look for unique opportunities in areas of high future demand and have a high conviction edge over the masses. The book, 'The Most Important Thing' by Howard Marks, is a surprisingly good read for hedge fund billionaires.

    Investing in Real Estate: Opportunities in Market Uncertainty

    Investing in real estate during times of market uncertainty may require courage, but it also presents opportunities for great deals with high discounts. Investor Residences offers all-cash purchases, eliminating the risk of banks rejecting financing or last-minute changes. Howard Marks advises that the more risk others see in the market, the less risky it actually is. Jeff Hoffman, creator of airport check-in kiosks and early investor in Priceline.com and Booking.com, emphasized that wealth itself is not evil, but how it is used determines its goodness or badness. As business people, we should prioritize backing ethical and honest individuals with good intentions, rather than supporting unethical ones.

    The Importance of Working with Good People and Learning from Billionaire Books

    It is equally important to work with good people and turn your back on those who may be fraudulent, unethical, or suspicious. Billionaire books, such as Steve Schwarzman's 'What It Takes' and Mark Cuban's 'How to Win At The Sport of Business', provide essential insights into successful business strategies. Schwarzman emphasizes on focusing on one big goal instead of chasing small ones and having an expectation of excellence. Cuban, on the other hand, stresses on the importance of being kind and generous with others while becoming well-informed and networked. Reading books written by billionaires can provide valuable lessons and transform your business.

    Success Comes in Different Shapes and Forms

    Success can be achieved through different approaches. Larry, the founder of YouTube's success came from hiring people smarter than him rather than the grind and hustle mentality that others like Steve Schwarzman or Mark Cuban exhibit. He created a unique business model with low production cost and remained humble. Grant Cardone, on the other hand, prioritizes being obsessive and persistent to achieve success. His knowledge transferable skills helped him become a player in the real estate space even though he came from another industry. These takeaways teach us that one size does not fit all when it comes to achieving success. It's important to identify our strengths and work smartly and efficiently to achieve our goals

    The Importance of Being a Nice Person in the Business World and Understanding Marketing Persona

    Being a nice person can get you far in life, even in the business world. Many successful billionaires are known for their warmth and approachability that helps them build relationships with others. However, it’s important to understand the marketing persona of some people, like Grant Cardone, who often say polarizing things to gain attention and promote their brand. When it comes to investing in real estate, single-family homes may not always be the best option compared to multi-family properties that can provide better returns in the long term. However, investors need to be aware of the risks involved, such as the possibility of fluctuating interest rates affecting property values and transactions.

    The Importance of Staying Focused and Informed while Seeking Growth Capital.

    Billionaire entrepreneurs may lack knowledge regarding diversification, deal structuring, and investment terms outside of their niche industry. Trusting whoever has access to them, they may end up making expensive mistakes and investing in deals that don't compare well to others in the market. Therefore, it's important to stay focused on structures that work and maintain a conservative approach while looking for growth capital in various spaces. Investing involves patience and an expert knowledge of the market, including diversification and common deal terms. Sticking to a strategy while continually improving the terms and staying conservative help to grow the balance sheet while identifying opportunities in the market, targeting institutions that seek diversification.

    The Importance of Specializing in a Niche When Investing

    When investing in operating businesses and direct investments, rather than diversifying across various niches, one should specialize in the niche where they created their wealth or have a passion. This involves reading and researching as much as possible, attending events and hiring consultants in the niche, and making small test investments before going for larger ones. It's important to have a strategic game plan and not invest based on what randomly falls in one's lap. Warren Buffet advises waiting for the right pitch and then aggressively investing in it. It's also crucial to prioritize tax-efficient strategies and structuring before exit planning so that one doesn't miss out on opportunities to save taxes.

    Protecting Wealth through Proactive Tax Planning and Savings Strategies

    Proactive tax planning and use of tax-saving strategies can protect high-net-worth individuals and families from capital gains taxation. Qualified opportunity zones can be used to protect a certain percentage of capital against capital gain taxation by investing in institutional QOZs. Manufacturing and software companies can save massive tax through R&D tax credits. It’s essential to avoid clerical errors while filing tax as it can result in missing out on significant tax savings. Familyoffices.com and investorclub.com are valuable resources for raising capital and receiving tax feedback. Private investors can benefit from attending events by receiving quick feedback and relevant advice.

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    RWH044: How To Beat The Market w/ Bryan Lawrence

    RWH044: How To Beat The Market w/ Bryan Lawrence
    In this episode, William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs an investment firm called Oakcliff Capital. Bryan almost never gives interviews, so this is a rare opportunity to hear him speak in depth about the advantages of a concentrated value strategy, how he finds new investments, what 6 questions he asks when analyzing any stock, what he’s learned from Buffett & Munger, & how to build a happy life. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:42 - What Bryan Lawrence learned from his hugely successful father. 16:30 - What Charlie Munger taught Bryan.  33:07 - How Shelby Cullom Davis turned $200,000 into $800 million. 39:14 - How Bryan has consciously built an investing edge. 43:25 - What he learned from meeting Warren Buffett. 47:15 - Why Bryan looks for three specific characteristics in any business. 59:18 - How to beat the market by making infrequent bets.  1:08:19 - Why he’s obsessed with identifying where he’s wrong. 1:10:17 - How he searches for new investment ideas. 1:14:32 - How he structures his day. 1:44:20 - How to think rationally about fossil fuels & climate change. 1:49:1 - How to build a happy life & great relationships. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bryan Lawrence’s investment firm, Oakcliff Capital. Check out Poor Charlie’s Almanack. Dean Ornish & Anne Ornish's book Undo It. Robert Cialdini's book Influence. Alain de Boton's book The Consolations of Philosophy. Douglas Stone, Bruce Patton, & Sheila Heen's book Difficult Conversations. John Rothchild's book The Davis Dynasty. Vaclav Smil's book How the World Really Works. David Mackay's book Sustainable Energy Without the Hot Air. Gillian Zoe Segal's book Getting There. William Green’s podcast interview with Chris Davis | YouTube Video 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? 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. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon

    TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon
    On today’s episode, Clay is joined by François Rochon to discuss how he’s managed to vastly outperform the market over the past 30 years. Since he started the Rochon Global Portfolio in 1993, his annual returns net of fees have been 13.6%, versus 9.2% for the benchmark. François’s investment approach is firmly rooted in three principles — patience, humility, and rationality — which are discussed in depth during this conversation. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:17 - What led François to hiring Jean-Philippe Bouchard. 06:19 - The foundational investment principles of Giverny’s approach. 10:23 - How François realized so early in his career that you can’t predict the stock market. 19:53 - The tribal gene that sets 5% of investors apart from the rest. 29:29 - How we can be prepared for declines in the stock market. 35:37 - Why his biggest investment mistakes are mistakes of omission. 40:54 - How François views Berkshire Hathaway’s role in his portfolio. 45:27 - How François assesses the strength of a brand. 56:02 - His view on the valuation of today’s market. 68:15 - Why François is so passionate about investing. 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. Giverny Capital’s Letters. Learn more about the Giverny Capital. Books Mentioned: How to be Rich, Money Masters of our Time, The Craft of Investing. Related Episode: RWH016: The Best of the Best w/ François Rochon | YouTube Video. Follow François on LinkedIn.  Follow Clay on Twitter.  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? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires 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. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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

    BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast)

    BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast)
    Join us as Peter McCormack shares insights on blending Bitcoin with football business. We delve into his club's dual promotions, strategic investor impacts from the Winklevoss twins, and the broader influence on Bedford, including a new Universal Studios park. Learn how Bitcoin plays a role in these developments and discover actionable strategies for integrating innovative concepts into local enterprises. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:20 - The strategic role of Bitcoin in advancing the success of a local football club. 08:11 - The impact of high-profile investors like the Winklevoss twins on the club. 08:11 - Highlights from the "Cheat Code" Bitcoin conference and its integration with local business. 13:05 - How the club manages competitive growth and future challenges with spending caps. 17:53 - Insights into Peter McCormack's journey of owning and promoting his football team. 22:07 - The significant developments in Bedford, including plans for a Universal Studios theme park. 32:08 - Lessons on leveraging cryptocurrency in traditional businesses and community development. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Buy your Real Bedford sporting attire here. Peter’s podcast, What Bitcoin Did. Learn more about the Cheat Code Conference. Peter's Twitter. 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? 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. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP625: Berkshire Hathaway w/ Chris Bloomstran

    TIP625: Berkshire Hathaway w/ Chris Bloomstran
    Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:37 - The impact of holding cash on your portfolio returns.   24:07 - How to understand the five different components that make up stock market returns. 33:14 - How to estimate the expected return of being invested in the S&P500. 40:57 - What the intrinsic value of Berkshire Hathaway is. 45:51 - How Berkshire Hathaway has allocated capital since 2018. 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. Stig’s 2023 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video. Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video. Stig’s masterclass with Chris Bloomstran on equity valuations | YouTube Video. Chris Bloomstran’s website. Read Chris Bloomstran’s letters to his clients.  Buffett resource on CNBC. 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? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires 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. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Meyka Fundrise Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm