Logo
    Search

    TIP578: Fundamentals of Stock Investing w/ Daniel Pronk & Jake Ruth

    enSeptember 24, 2023

    Podcast Summary

    • Investing: A Journey of Passion and LearningStart investing with a passion for numbers and a willingness to learn the basics, including financial statements and valuation methods. Avoid common pitfalls and learn from mistakes.

      Investing is a journey that can be started with a genuine interest in money and numbers, as Daniel and Jake's stories illustrate. They both began their investing journeys without formal education in finance but were driven by their love for numbers and a desire to put their money to work. They learned the basics by watching educational content from investing legends and reading books like "The Intelligent Investor." A key concept they emphasized is the importance of understanding financial statements and valuing companies based on their financial performance. They also highlighted the importance of having the right temperament and learning from mistakes. Daniel and Jake's passion for investing led them to create content and tools to help others get started and avoid common pitfalls. Overall, their message is that investing is accessible to anyone with a willingness to learn and a solid foundation in the basics.

    • Understanding the business behind a stock is keyFocus on the business, not just the stock price. Explain it to a 5-year-old. Compounding can significantly increase investment value.

      Investing in stocks is not just about the stock price or short-term gains, but rather understanding the business behind the stock and its ability to generate cash flow and return value to its shareholders. Clay Finck emphasizes the importance of focusing on the business itself and encourages investors to ensure they can explain the stock they own to a 5-year-old. The power of compounding is also a crucial concept for newer investors to understand, as it can significantly increase the value of an investment over time. The example of a penny doubling every day for 30 days illustrates the immense potential of compounding, surpassing the value of a $1,000,000 investment. By focusing on the business behind the stock and understanding the power of compounding, investors can make more informed decisions and increase their chances of long-term success.

    • Thinking Long-Term with MoneyBy viewing every dollar as potentially worth ten in the future due to compounding, we can save and invest wisely for retirement. Start early, save around 8%, and be patient for long-term gains.

      Adopting a long-term perspective towards money, as Warren Buffett did, can significantly impact our financial decisions. By viewing every dollar as potentially worth ten in the future due to compounding, we can think more carefully about our spending and savings. This mindset shift doesn't require extreme savings or high-risk investments. In fact, starting early and saving a modest amount, around 8%, can lead to wealth by retirement. It's essential to understand that compounding works best over the long term and that one doesn't need extraordinary returns to become wealthy. Patience and a deep understanding of businesses and cash flow are crucial. People often make the mistake of being impatient or prioritizing immediate pleasures over long-term gains. However, with the right mindset and a commitment to saving and investing, one can change how they view money and ultimately change their life.

    • Emotional Discipline is Key to Investment SuccessUnderstanding fundamentals is important, but emotional discipline is crucial for long-term investment success. Avoid impulses and market hype, and have faith in compounding effects.

      Successful investing requires both intelligence and emotional discipline. While understanding the fundamentals of investing is important, it's equally crucial to have the temperament to control impulses and avoid getting caught up in market hype. The early years of investing may not show significant growth, but having faith in the long-term compounding effect is necessary. Our brains are not naturally wired to grasp compounding, and society's focus on living in the now and spending money can make it challenging to save and invest. As Eric Weiss explained, even the smartest investors like Isaac Newton have fallen victim to emotional impulses and lost substantial sums. Therefore, emotional discipline is a crucial factor in achieving investment success.

    • Emotional Discipline and Community in Successful InvestingEmotional discipline is vital in investing, avoiding hype and trends, sticking to fundamentals, and long-term approach. Building a community of like-minded investors can help accelerate learning and portfolio returns.

      Having emotional discipline is crucial in investing. It's easy to get swayed by hype and popular trends, but sticking to one's fundamentals and long-term approach, as Warren Buffett did during the tech bubble, can lead to success in the long run. Investing requires patience and discipline, and it's essential not to let emotions drive investment decisions. The speakers also emphasized the importance of building a community of like-minded investors to help accelerate learning and portfolio returns. The TIP Mastermind community, for instance, offers weekly live Zoom calls, access to special podcast guests, and opportunities to build lifelong relationships. Overall, the discussion underscored the importance of emotional discipline and community in successful investing.

    • Understanding Profitability and Cash FlowFocus on both revenue growth and profitability, including profit growth and cash flow, for a well-rounded investment perspective. Net income can be misleading, so consider free cash flow for a clearer financial health assessment.

      While revenue growth is important, it's not the only factor to consider when investing in a business. Eric Brodersen emphasizes that profitability growth or profit growth is equally important. A business may report impressive revenue growth, but if it's not accompanied by profit growth, the stock price may not follow suit. Snapchat is a prime example of this, as its revenue has grown significantly since its IPO, but the stock price has dropped dramatically. Warren Buffett advises investors to focus on how much cash a business can produce and return to them as shareholders. It's essential to understand the difference between earnings and free cash flow, as net income can be manipulated with one-time sales, but free cash flow provides a more accurate picture of a company's financial health. In summary, revenue growth should be viewed as a part of the bigger picture, with profitability and cash flow also being critical factors to consider.

    • Profitability and Outside FundingProfitable companies self-sustain, reducing investment risks, while non-profitable firms rely on external funding, increasing uncertainty for investors.

      A company's profitability is a crucial factor for investors. If a company is not generating profits, it must obtain funds from elsewhere, such as debt or issuing new shares. These funds come from outside sources, known as "OPM" or "other people's money." While some businesses, like Amazon, reinvest their profits into growth, others may spend excessively on marketing or operations, raising questions about the value creation for shareholders. Profitable companies, on the other hand, self-sustain and reduce investment risks. As investors, focusing on profitable businesses ensures a more stable and less risky investment.

    • All investing is value investingValue investing involves purchasing companies for less than their intrinsic worth, but investors have various styles and preferences. Understand your edge, be aware of complexities, and diversify for long-term success.

      Successful investing is not limited to one specific approach, such as value, growth, or momentum. Instead, all intelligent investing can be considered value investing, as it involves purchasing a company for less than its intrinsic worth. However, investors have different styles and preferences. Some may focus on low valuations, while others prioritize high-quality businesses with strong management teams. It's essential to understand your edge and invest in areas where you have expertise. Additionally, be aware of the complexity and potential pitfalls in the investing world, such as excessive debt or overhyped trends. Lastly, remember that individual stocks are just one aspect of investing, and a well-diversified portfolio is crucial for long-term success.

    • Investing in index funds or ETFs: A smart choice for someStick to your investing style, learn from mistakes, and only invest what you can afford to lose.

      Investing in index funds or ETFs is a valid choice for those who don't feel comfortable analyzing financial statements or investing in individual companies. However, it's essential to understand your investing style and stick with it for the compounding effect to work. New investors often make mistakes, such as getting caught up in hype and ignoring red flags due to emotional attachment to a stock. It's crucial to remember that even experienced investors make mistakes and that they can be learning opportunities. Additionally, it's essential to only invest with money you're comfortable losing and to avoid putting too much money into a single investment. Overall, the key is to learn from mistakes and apply those lessons to future investments.

    • Learning from investing mistakesUnderstand past losses as opportunities for growth, consider reasons behind investments, be aware of reactions to potential losses, and maintain a long-term perspective for successful investing.

      Learning from past investing mistakes is crucial for future success. It's natural to feel demoralized after experiencing losses, but it's important to view these experiences as opportunities for growth. By applying the lessons learned to future investments, individuals can turn their mistakes into dividends. It's also essential to consider the reasons behind certain investments, such as high dividends, and to be aware that prices may reflect underlying market wisdom. For instance, a high dividend may indicate underlying financial instability, and investors should carefully consider the sustainability of the dividend before making a decision. Additionally, being aware of one's reaction to potential losses, such as selling or buying more, can help prevent costly mistakes. Overall, maintaining a long-term perspective and a willingness to learn from past experiences are key to successful investing.

    • Dividend sustainability mattersOverlooking dividend sustainability can lead to financial issues, high yields >7% may indicate underlying problems, reevaluate investment theses during market downturns, and employ dollar cost averaging strategies.

      Maintaining unsustainable dividends by taking on excessive debt can negatively impact a company's financial health. High dividend yields, especially those above 7%, can be a red flag as they may indicate underlying financial issues. If you invest in a stock and it experiences a significant decline, it's crucial to reevaluate your investment thesis and ask if there were any overlooked factors. Additionally, employing strategies like dollar cost averaging can help mitigate the risks associated with market fluctuations. In summary, being mindful of dividend sustainability, revisiting investment theses during market downturns, and utilizing investment strategies like dollar cost averaging can contribute to making informed investment decisions.

    • Understanding losses and preparing for themStart investing with a solid foundation of knowledge, prioritize debt repayment, and learn from mistakes to achieve long-term success.

      Investing involves risk, and every investor will experience losses at some point. However, being prepared for these losses and understanding the value of a stock through financial statements and valuation can help minimize emotional reactions and potential regret. It's important to start investing with a solid foundation of knowledge, such as understanding financial statements and valuation, and considering one's financial situation before diving into individual stocks. Paying off high-interest debt should be a priority before investing, as it offers a guaranteed return. Investing is a journey that involves learning from mistakes, and starting early with a solid foundation can lead to long-term success.

    • Focus on financial stability before investingPrioritize paying off debts, building an emergency fund, and ensure financial stability before investing. Look for companies with strong management, a competitive moat, and a margin of safety when investing.

      Focusing on paying off debts, building an emergency fund, and ensuring financial stability should be prioritized before investing. The speaker emphasized the importance of having no outstanding credit card debt and having a sufficient emergency fund to cover unexpected expenses. He also advised against investing money that is needed within the next 1-2 years due to market volatility. Furthermore, when it comes to investing, the speaker highlighted the importance of looking for companies with strong management teams, a competitive moat, and a margin of safety. Strong management teams with large positions in the company and a focus on shareholder value are more likely to lead to successful investments. A moat, or competitive advantage, protects the business from competitors and increases the likelihood of long-term growth. Lastly, a margin of safety ensures that the investment produces a higher yield than risk-free alternatives, providing a buffer against potential market downturns. Overall, the key takeaway is to focus on financial stability before investing, and to look for companies with strong management, a competitive moat, and a margin of safety when making investment decisions.

    • Only 4% of stocks account for all gains above US treasury rateJust 4% of stocks account for all gains above the US treasury rate, highlighting the importance of research and informed decision making in investing.

      Investing in individual stocks or even the overall stock market can be a humbling experience. A study by the Center for Research and Security Prices found that since 1926, just 4% of stocks accounted for all of the gains above the US treasury rate. This statistic serves as a reminder that capitalism is brutal and that businesses, even those with strong moats today, may be in jeopardy in the future. However, despite the challenges, investing in stocks can also be a rewarding experience that teaches valuable lessons about life, human psychology, and the world. Jake and Clay, the founders of StockUnlock, were inspired to start their company due to the lack of investment education in the education system. They created a beginner-friendly platform that includes an education mode, which provides definitions, explanations, and tips for various investing concepts. The platform also includes an insights scoring system, which quickly provides a financial health scorecard of a business, highlighting potential red flags such as low current ratios, high debt, and declining revenue. By making the research process faster and more efficient, StockUnlock empowers investors to make informed decisions and avoid risky investments.

    • Screening stocks with Insight ScoreThe Insight Score is a valuable tool for investors to save time by screening businesses based on key financial metrics. However, it's not a definitive buy or sell recommendation, and investors should use it in conjunction with their own research and analysis to make informed decisions.

      While the ease of access to trading stocks through apps is a great advancement, it's crucial to have the necessary tools to make informed decisions. The Insight Score feature, which helps investors save time by screening businesses based on key financial metrics, is a valuable tool. However, it's important to remember that it's not a definitive buy or sell recommendation. The qualitative aspects of a business cannot be boiled down to a single number. Therefore, investors should use quantitative tools like the Insight Score in conjunction with their own research and analysis to make informed decisions. Additionally, the same score can represent different things for different businesses, so it's essential to consider the underlying metrics and how they impact the business's overall health. Ultimately, while the Insight Score can help narrow down potential investments, it's crucial to do thorough research and analysis before making a final decision.

    • Tools for Smart Investing and Financial EducationUse financial tools and resources, read recommended books, prioritize mental well-being, and leverage platforms like StockUnlock for informed decisions.

      Being informed and educated is key to making wise financial decisions. The speakers emphasized the importance of tools that help individuals manage their portfolios and avoid bad investments. They also recommended books like "The Intelligent Investor" and "1 Up on Wall Street" for gaining investment knowledge. Additionally, they highlighted the importance of mental well-being and mindfulness in managing finances, suggesting the book "The Genie Within." With the increasing availability of financial data, platforms like StockUnlock offer solutions to help users track and combine multiple portfolios, providing valuable insights and improving investment decisions.

    • Special Discount Offer from StockUnlockStockUnlock offers a 30% discount for 12 months using code 'w s b' for monthly and yearly plans, and allows users to try it for free.

      StockUnlock, a financial education platform, is offering a special discount of 30% off for 12 months to the audience of this podcast using the code "w s b" at checkout. This offer applies to both monthly and yearly plans, and users can also use StockUnlock for free. The company prides itself on being non-predatory and transparent, allowing users to connect their portfolios without asking for credit card information upfront. StockUnlock's founders, Daniel and [Name], are regular viewers of this podcast and are excited to give back to the community. They run a weekly live show on YouTube, and their content is also available on podcast platforms like Spotify and Apple Music. Daniel is Canada's number one investing YouTuber, known for his humility. To connect with StockUnlock after the show, listeners can visit their YouTube channel or follow Daniel on YouTube. The offer is a token of appreciation from StockUnlock for the opportunity to be on the podcast and to engage with the podcast's audience.

    Recent Episodes from We Study Billionaires - The Investor’s Podcast Network

    TIP646: How To Understand A Business Like A Pro w/ Kyle Grieve

    TIP646: How To Understand A Business Like A Pro w/ Kyle Grieve
    On today’s episode, Kyle Grieve discusses a book that is near and dear to Warren Buffett’s heart, Common Stocks and Uncommon Profits by Philip Fisher. He’ll discuss why the book was so influential on Warren’s transition towards quality businesses, why going deep into a business is vital to successful long-term investing, specific ways to learn more about a business, it’s management, and its products, how to create your own business grapevine to monitor your investments, details on how Philip Fisher’s investing philosophy and how it developed, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:12 - The importance of avoiding dogmatic thinking in investing 05:13 - Why owning growing businesses is so powerful for great investments 05:47 - How to evaluate a business growth prospects 08:43 - How you should look at relations between a business and its employees 14:44 - How Amazon has strengthened their moat by thinking long-term 26:27 - The three ways a business can fund its growth and which are the most beneficial to shareholders 33:56 - Why you should seek transparency in your management teams 35:17 - How to balance investing in growth businesses with being a conservative investor 44:57 - Why having the ability to see the future of a business's profits is so key for minimizing risk 53:07 - The importance of consistently monitoring your businesses, no matter how well they've performed for you in the past And so much more! 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. Buy Common Stocks and Uncommon Profits by Philip Fisher here. Buy Where The Money Is by Adam Seessel here. Buy 7 Powers by Hamilton Helmer here. Buy What I Learned About Investing From Darwin by Pulak Prasad here. Follow Kyle on Twitter 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? 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 Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS Simon & Schuster SimpleMining Vacasa Shopify AT&T iFlex Stretch Studios 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

    TIP645: The King of Luxury: Bernard Arnault & LVMH w/ Christian Billinger

    TIP645: The King of Luxury: Bernard Arnault & LVMH w/ Christian Billinger
    On today’s episode, Clay is joined by Christian Billinger to discuss Bernard Arnault, LVMH, and the broader luxury industry.  Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:08 - What makes Bernard Arnault a unique business leader? 10:44 - What attracted Christian to make his initial investment in LVMH. 12:17 - A business overview of LVMH. 27:14 - The role of China in LVMH’s business and growth story. 48:32 - Christian’s thoughts on LVMH’s current valuation & risks in the business. And so much more! 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. Christian’s investment firm. Tune into Stig’s pitch for LVMH. Books mentioned: The Luxury Strategy, Selling Europe to the World. Related Episode: Listen to TIP643: The Luxury Strategy w/ Christian Billinger, or watch the video. 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 Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS Simon & Schuster SimpleMining Vacasa Shopify AT&T iFlex Stretch Studios 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

    BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast)

    BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast)
    In this episode of the Bitcoin Fundamentals Podcast, we interview Ryan MacLeod, a Chemical Technologist from Canada. Ryan provides a brief history of nuclear energy, discusses recent technological advancements, and explains why nuclear energy is crucial for the future. We delve into the economic model of nuclear energy, the interplay between nuclear energy and Bitcoin, and how Bitcoin mining can serve as an immediate buyer of nuclear energy. Ryan also shares insights into energy market dynamics, the role of government policies, and exciting future scenarios involving Bitcoin and nuclear energy. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:38 - The history and evolution of nuclear energy. 09:45 - Recent advancements in nuclear energy technology. 23:27 - Why nuclear energy is poised to become a crucial energy source in the future. 32:52 - The economic model of nuclear energy and its distortion by fiat incentives. 41:55 - The interplay between nuclear energy and Bitcoin. 43:37 - How Bitcoin mining can integrate with nuclear energy. 45:21 - The implications of Bitcoin mining on energy grids. 48:40 - Future scenarios involving Bitcoin and nuclear energy. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Ryan's MacLeod's X (Twitter) account. Chris Keefer Podcast on Nuclear. Nuclear Energy State’s dashboard for SMRs. Related podcast: Titans of Nuclear Podcast. 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. 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 Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS Simon & Schuster SimpleMining Vacasa Shopify AT&T iFlex Stretch Studios Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP644: Richer, Wiser, Happier Q3, 2024 w/ Stig Brodersen & William Green

    TIP644: Richer, Wiser, Happier Q3, 2024 w/ Stig Brodersen & William Green
    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 serving others, they discuss what has made them Richer, Wiser, or Happier in the past quarter. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:24 - How to deal with your ego 05:52 - Stig and William’s journey to serve others 27:58 - Why Stig has invested with Mohnish Pabrai 34:13 - Why one should not judge others for flawed values  40:41 - What is the Richer, Wiser, Happier Masterclass  53:25 - How to build and maintain meaningful relationships 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. If you want to learn more about the Richer, Wiser, Happier Masterclass, please email kyle@theinvestorspodcast.com. William Green’s book Richer, Wiser, Happier – read reviews of this book. William Green’s book, The Great Minds of Investing – read reviews of this book. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2024 | YouTube Video. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q3 2023 | YouTube Video. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q2 2023 | YouTube Video. Stig Brodersen and William Green’s episode on being Richer, Wiser, and Happier, Q1 2023 | YouTube Video. Stig Brodersen and William Green’s episode on Money and Happiness | YouTube Video. William Green’s interview with Pico Iyer about being Beyond Rich | YouTube Video. 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 Range Rover Sun Life SimpleMining The Bitcoin Way Onramp Briggs & Riley Public Shopify Meyka Fundrise AT&T iFlex Stretch Studios 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

    TIP643: The Luxury Strategy w/ Christian Billinger

    TIP643: The Luxury Strategy w/ Christian Billinger
    On today’s episode, Clay is joined by Christian Billinger to discuss The Luxury Strategy by Kapferer and Bastien. Over the past 20 years, some of the best performing companies in the stock market have come from the luxury sector. For example Hermes and LVMH, which are both companies based out of France, have compounded at 21% and 16% respectively. Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:12 - The definition of luxury. 04:12 - How luxury companies create their own demand. 08:47 - What products are most prevalent in the luxury industry. 10:28 - The primary differences between a premium and a luxury product. 19:26 - What the non-return effect is, and how it can make luxury companies more resilient. 26:09 - An overview of Kapferer’s anti-laws of marketing. 30:39 - Why luxury companies seek to keep non-enthusiasts out of their ecosystem. 36:46 - How higher prices can lead to higher demand from consumers in the luxury space. 40:36 - How luxury brands approach e-commerce & pricing. 57:23 - How to think about the valuation of luxury companies. 01:03:28 - How luxury brands tend to perform during a recession. And so much more! 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. Christian’s investment firm. Books mentioned: The Luxury Strategy, Selling Europe to the World. Related Episode: TIP582: Quality & Defensive Investing w/ Christian Billinger. 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 Range Rover Sun Life SimpleMining The Bitcoin Way Onramp Briggs & Riley Public Shopify Meyka Fundrise AT&T iFlex Stretch Studios 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

    BTC190: MMA Legend Kenny Florian on PoW and Bitcoin (Bitcoin Podcast)

    BTC190: MMA Legend Kenny Florian on PoW and Bitcoin (Bitcoin Podcast)
    In this episode of the Bitcoin Fundamentals Podcast, we interview the versatile Kenny Florian, a former UFC fighter known for his impressive career across multiple weight classes. We explore Kenny's journey in MMA, highlighting his work ethic, resilience, and the concept of "proof of work." Kenny shares personal stories, including his near-death experience in Brazil and his background in Brazilian Jiu-Jitsu and Muay Thai. We also discuss how his discipline and hard work led him to discover Bitcoin, and why Bitcoin resonates so strongly with athletes. Tune in for an engaging discussion that bridges the worlds of MMA and cryptocurrency. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:56 - Kenny Florian's journey from soccer to becoming a renowned UFC fighter. 11:25 - The challenges of competing in multiple weight classes in the UFC. 14:09 - Insights into the mental strategies used to stay focused and prepared for fights. 16:02 - The concept of "proof of work" as it applies to MMA and Bitcoin. 25:14 - Personal stories of perseverance, including a near-death experience. 36:29 - How Kenny maintains a positive demeanor in a tough industry. 37:42 - The parallels between the discipline in MMA and the principles of Bitcoin. 39:02 - Why Bitcoin resonates with top-tier athletes and Kenny’s personal journey with cryptocurrency. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Kenny Florian’s X (Twitter) account. 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. 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 Range Rover Sun Life SimpleMining The Bitcoin Way Onramp Briggs & Riley Public Shopify Meyka Fundrise AT&T iFlex Stretch Studios Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    RWH047: Investing In The Era of Climate Change w/ Bruce Usher

    RWH047: Investing In The Era of Climate Change w/ Bruce Usher
    In this episode, William Green chats with Bruce Usher, author of a book titled “Investing in the Era of Climate Change.” Bruce, a successful entrepreneur, investor, & Columbia Business School professor, discusses the “once-in-a-lifetime” investment opportunity created by the transition of the global economy to a low-carbon future. He explains how to protect yourself financially as environmental risks intensify, & how to profit as trillions of dollars flow into innovative climate change solutions that will change the world—from electric vehicles to solar energy. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:37 - Why Bruce Usher sees climate change as a huge opportunity (& risk) for investors. 08:34 - How the transition to a low-carbon future will transform the global economy. 10:53 - How extreme weather is finally altering perceptions of climate change. 13:45 - How to protect against environmental threats to your property. 20:39 - Why electric vehicles & renewable energy are key drivers of decarbonization.  33:42 - How Berkshire Hathaway is playing the energy transition.  49:05 - Why leading companies like Apple & Microsoft are serious about sustainability. 54:02 - Why it’s wise to consider environmental factors before buying any stock. 01:03:53 - How to invest in funds & ETFs that reduce your exposure to climate risk.  01:12:44 - How billionaires like Bill Gates & Jeff Bezos invest in climate change solutions. 01:23:01 - What consumers can do to reduce their negative impact on the environment. 01:27:47 - Why Bruce thinks humanity might still avoid catastrophic climate change. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bruce Usher’s book, Investing in the Era of Climate Change. Bruce Usher’s book, Renewable Energy: A Primer for the Twenty-First Century. William Green’s podcast interview with Bryan Lawrence. 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? 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. 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 Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public 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 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

    TIP642: The Story of Starbucks: Building an Iconic Brand w/ Clay Finck

    TIP642: The Story of Starbucks: Building an Iconic Brand w/ Clay Finck
    On today’s episode, Clay discusses the early days of Starbucks and Howard Schultz’s book — Pour Your Heart Into It.  Starbucks has been one of the market's best-performing stocks over the past three decades. Since the IPO in 1992, Starbucks stock has had an average annual return of 18.6% relative to the S&P 500 returning 10.4% over that same period (with dividends reinvested). Clay unveils the fascinating story of how Howard fended off endless competition to build an iconic brand that’s built to last. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:01 - What led Howard Schultz to join and take over Starbucks. 14:24 - The impact of Howard’s visit to Italy, where there were 200,000 coffee bars. 34:07 - How Howard aligned the interests of the company with the interests of all employees at Starbucks. 48:29 - Lessons Howard learned in taking Starbucks public. 58:13 - How Starbucks was able to dominate big brands in the early days. And so much more! 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. Howard’s books: Pour Your Heart into It & Onward. Related Episode: TIP144: Billionaire Howard Schultz's Book Onward — A Story About Starbucks. Mentioned Episode: TIP627: LuluLemon Stock Deep Dive w/ Clay Finck & Kyle Grieve. Mentioned Episode: TIP639: Buffett's Favorite Business Book w/ David Fagan. 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 Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public 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

    BTC189: Prince Philip of Serbia on Bitcoin (Bitcoin Podcast)

    BTC189: Prince Philip of Serbia on Bitcoin (Bitcoin Podcast)
    In this episode of the Bitcoin Fundamentals Podcast, Prince Philip of Serbia joins us to discuss his advocacy for Bitcoin and its potential to offer financial sovereignty. We delve into his journey from a background in finance to becoming a passionate Bitcoin proponent. Prince Philip shares his thoughts on the synergies between Bitcoin and monarchy, the environmental impact of traditional banking systems, and the challenges and opportunities for Bitcoin adoption in Serbia. We also explore his vision for a Bitcoin nation-state and the future of global finance. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:56 - Prince Philip's journey from finance to Bitcoin advocacy. 13:38 - The benefits of Bitcoin for financial sovereignty and inclusion. 15:41 - The synergies between Bitcoin and monarchy. 21:14 - The environmental impact of traditional banking systems versus Bitcoin. 32:08 - The steps Serbia needs to take for Bitcoin adoption. 34:23 - Prince Philip's vision for a Bitcoin nation-state. 36:08 - The role of merchants in driving Bitcoin adoption. 39:51 - Personal anecdotes from Prince Philip's life as a prince and a Bitcoin advocate. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Prince Philip’s X (Twitter) account. 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. 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 Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve

    TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve
    On today’s episode, Kyle Grieve and Clay Finck continue their conversation on Investing: The Last Liberal Art by Robert Hagstrom. We discuss details on why using the right explanation for a business is so important to a good investment thesis, simple ways to improve your reading to get more out of the books and content that you consume, how to use simple mathematical concepts to improve your decision making in real-time, how to understand better System I and System II thinking and how it directly applies to investing, some of the latest mental models Kyle has learned from interviewing recent guests, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:34 - How to use the proper explanations in your analysis to determine the right comparable best. 06:18 - Why Tesla is so misunderstood. 10:33 - Why the economics of Dino Polska make it an invalid comparison to other grocers. 12:02 - The power of narratives in investing and how we can guard ourselves from getting overly optimistic. 17:43 - How to optimize reading for learning. 40:18 - How to use Bayes theorem to tip odds in your favour and change your position sizing. 45:45 - Why value and prices become disconnected, and how human psychology plays into this. 50:20 - Why intuition (system I thinking) is so difficult to rely on in the stock market. 01:09:22 - How to make thinking in mental models a habit. 01:14:59 - Some of the latest mental models Kyle has learned from interviewing some of his latest guests. And so much more! 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. Buy Investing: The Last Liberal Art here. Buy The Great Mental Models here. Learn more about Mental Models here. Buy Poor Charlie’s Almanck here. Buy More Than You Know here Follow Clay on Twitter and LinkedIn. Follow Kyle on Twitter 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? 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 Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS 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

    Related Episodes

    The Four Pillars of Investing with William Bernstein

    The Four Pillars of Investing with William Bernstein
    “The essence of investing is not maximizing returns, but rather maximizing odds of success.”  William Bernstein is a financial theorist, neurologist, and the best-selling author of “The Four Pillars of Investing: Lessons for Building a Winning Portfolio,” now in its second edition. Motley Fool Senior Advisor Robert Brokamp caught up with Bernstein to discuss: - Why a 2% real return is “quite spectacular” - The math and Shakespeare of investing - Why value stocks may have fallen out of fashion - What the history of the stock market reveals about modern bubbles Host: Robert Brokamp Guest: William Bernstein Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

    Investment masterclass with Merryn Somerset Webb

    Investment masterclass with Merryn Somerset Webb

    Retail is not dead. Brexit could help UK companies. Take a small punt on bitcoin, keep your money invested in fossil fuel companies, and reassess your holdings in expensive tech stocks. These are pretty punchy opinions about the investment world — and they come from one of the FT’s top opinion writers, columnist Merryn Somerset Webb. In this special episode of the Money Clinic podcast, Merryn chats to presenter Claer Barrett about her personal investment strategy — and the forces she believes will shape the stock market in the years to come.

    Listeners should be aware that the discussion of investment trends on this podcast is for information only, aimed at people who feel confident making their own investment decisions. It doesn’t constitute an investment recommendation, or individual financial advice — if you want that, you’ll need to see an independent financial adviser.

    Find out more:

    - Both Merryn and Claer write a weekly column in the FT Weekend and you can follow them on Instagram and Twitter @MerrynSW @Claerb 

    - Hear Merryn’s tips for 19-year-old investor Ross in a previous Money Clinic, Beyond GameStop: The day trader turned investor

    - For a different take on ESG investing, check out this episode Can ESG investing really change the world? And if you’re new to investing, listen to How can I get started as an investor?

    - If you would like to chat to Claer about a real-life money problem on a future episode of the podcast, then drop us an email: money@ft.com 



    Hosted on Acast. See acast.com/privacy for more information.

    Your Questions Answered + Real Estate Update For Canadians

    Your Questions Answered + Real Estate Update For Canadians

    Today we’re going to try something a little different in that I’m going to split today’s episode into two sections, covering two different subjects: 

    First, we’re going to cover some questions that I’ve received from listeners of the show and from students of my investing course, so that you can benefit from the strategies and tactics too. These are specifically going to be in the area of investing.

    Next, we’re going to bring on my guest who is our resident mortgage and real estate expert and best-selling author, Sean Cooper. Sean will explain the real estate situation here in Canada so that you can stay informed on how real estate has been affected in these COVID times, whether you’re an existing home-owner that is concerned about the value of their home dropping due to COVID, or whether you are a renter looking to potentially buy in the future. 

    We cover questions like What should you know? And how can you maximize your chances of getting approved for a mortgage? 

    And whether you’re an existing or future home-owner, there have actually been some mortgage rule changes that recently took place here in Canada so you definitely want to be informed about those so that you can easily renew that mortgage when it’s time. Or, if you’re looking to buy, so that you can have a smooth stress-free process in obtaining financing for your property, instead of struggling and potentially missing out on your dream home due to financing issues, due to these new mortgage rules that recently got put into place.

    A Big Thanks To This Episode's Sponsor:

    RBC's Small Business Navigator Hub: For practical resources, advice, and offers, visit RBC's Small Business Navigator hub at buildwealthcanada.ca/hub.

    Business is anything but usual these days, and entrepreneurs are looking for support that goes beyond traditional banking to successfully re-open and manage their business. Now, they can access all of RBC’s practical tips, insights, money-saving offers and solutions to support their eCommerce, digital payments, payroll management, employee wellness needs and more – all in one place.

    To learn more, check out the RBC Small Business Navigator hub, available online at BuildWealthCanada.ca/hub.

    Resources:

    Topics/Questions Covered:

    Investing Topics:

    1. Buying near all-time stock market highs. Should you do it?
    2. Investing larger amounts of money: Buying-in all at once vs dollar-cost-averaging in.
    3. How much to focus on dividends in your investing.
    4. Socially responsible investing, and what to keep in mind before diving in.

    Real Estate and Mortgage Questions:

    1. Let’s talk about COVID and the real estate market. Are we seeing increases in home values?
    2. How are things if you're looking to buy vs sell?
    3. Is it a buyer's or seller's market?
    4. There have been some Mortgage Rule Changes recently here in Canada. Can you take us through them?
    5. What can we do that is within our control, to maximize the chances of getting approved for a mortgage, and getting the best terms and rate?
    6. With these record low interest rates that we’ve been seeing, many Canadians that are currently in a fixed-rate mortgage are wondering, is it worth breaking their existing mortgage, paying the cancelling fees, and then getting a new mortgage at the lower rate. Can you talk about the analysis that we should be doing to actually mathematically figure this out?
    7. What should we consider if we’re shopping around for a home right now, in Canada?

    Don’t miss future episodes, giveaways, and free in-depth guides by signing up for free to the Build Wealth Canada Newsletter.

    Volatility 2020: What's next for equity markets

    Volatility 2020: What's next for equity markets

    How should investors navigate equity markets during this period of coronavirus-induced volatility? Which sectors will be hardest hit? And is this a buying opportunity for long-term investors? Veteran equity portfolio managers Jody Jonsson and Joyce Gordon, whose experience spans multiple market declines, offer their perspective.

    For U.S. listeners: To view What’s next for equities? webinar slides, click here [PDF] or copy and paste bit.ly/3rcdefE into your browser.

    To view the webinar or attend future webinar events, visit volatility2020.com.

    This episode is no longer available for CE credit. 

    For Canadian listeners (financial advisors only): To view webinar and slides or attend future webinars, register here.

    Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

    The Capital Ideas website is not intended for use outside the U.S. In Canada, please visit capitalgroup.com/ca for Capital Group insights.