Millennial Investing - The Investor’s Podcast Network

Clay Finck chats with Andy Edstrom about why Bitcoin should be considered as a part of an investment portfolio, how Andy thinks about valuing Bitcoin as an investment, how investors can potentially keep themselves from ‘buying the top’ in Bitcoin, the 14 characteristics of money and how Bitcoin stacks up against gold and fiat currency, some of the common misconceptions around Bitcoin, and much, much more!
Andy Edstrom, CFA, CFP is a wealth manager at Wescap Group and is Managing Director of Swan Advisor Services.

IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
02:00 - How Andy discovered Bitcoin and ended up buying it.
07:40 - Why investors should consider adding Bitcoin as a part of their portfolio.
07:40 - Why Bitcoin has a lot of potential to continue achieving very high returns.
26:13 - How Andy thinks about the value of Bitcoin today when buying it for his portfolio.
26:13 - How investors can potentially keep themselves from ‘buying the top’ in Bitcoin.
40:53 - Why it’s important to first understand money, what is good money versus what is bad money.
40:53 - What the 14 characteristics of money are.
58:17 - What is driving the continued growth in the adoption of Bitcoin in portfolios?
58:17 - Why El Salvador is embracing Bitcoin and what countries might be next.
01:18:01 - What makes Bitcoin different from all of the other cryptocurrencies?
01:18:01 - Why Bitcoin incentivizes the movement towards renewable and green energy.
01:27:12 - Why the US government is not likely to ban Bitcoin.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Check out Swan Advisor Services.

Andy’s book, Why Buy Bitcoin.

Trade Bitcoin with Swan.

Check out TIP’s Mayer Multiple and the Mayer Multiple Twitter Account.

Square and Ark Invest’s Report, Bitcoin is Key to an Abundant, Clean Energy Future.

Explanation of the Lindy Effect.

Related Episode: Listen to MI032: Bitcoin, Cryptocurrencies, and Blockchain (Part 1) w/ Preston Pysh, or watch the video.

Related Episode: Listen to MI044: Bitcoin, COVID-19, And Macroeconomics For Beginners Part 1 w/ Pomp, or watch the video.

Check out the books mentioned in the podcast 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 Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.

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:

Range Rover

Airbnb

Toyota

Public

NetSuite


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

In today’s episode, Patrick Donley (@JPatrickDonley) sits down with Shawn O’Malley, Chief Editor of our newsletter, We Study Markets, to discuss what his main takeaways were from doing a deep dive into the wit and wisdom of Charlie Munger from Poor Charlie’s Almanack.
You’ll learn how Ben Franklin inspired Munger, how Buffett and Munger developed their relationship, what the key character traits were that made Munger a great investor, why it is important to be a multi-disciplinary thinker, what elementary worldly wisdom is and how to develop it, what the psychology of human misjudgment is and how to avoid it to lead a better life, plus so much more!

IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
02:17 - How Ben Franklin inspired Charlie Munger.
05:32 - How Buffett and Munger developed their relationship.
08:42 - What key character traits made Munger a great investor.
12:33 - How Munger served as a trusted devil’s advocate to Buffett.
15:30 - Why it is so important to be a multi-disciplinary thinker to succeed as an investor.
18:54 - What is elementary worldly wisdom.
25:38 - What is the psychology of human misjudgement and how to avoid it.
32:04 - Why academics should focus more on microeconomics.
35:37 - What is febezzlement.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Lawrence Cunningham’s book, The Essays of Warren Buffett.

Benjamin Graham’s book, The Intelligent Investor.

William Thorndike’s book, The Outsiders.

Peter Kaufman's book, Poor Charlie’s Almanack.

Robert Cialdini's book, Influence.

Check out the books mentioned in the podcast 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 Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.

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:

Range Rover

Airbnb

Toyota

Public

NetSuite


Connect with Patrick: Twitter | Email
Connect with Shawn: Twitter | LinkedIn | Email
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Robert Leonard chats with Eric Jorgenson about who Naval Ravikant is, why he wanted to write a book about him as a guide to wealth and happiness, how his strategy of not making any money out of the book came about and why he chose to go that route, the most important thing Eric has learned from Naval, and much, much more! 
Eric is a writer, podcaster, and builder of books. He is the creator of The Almanack of Naval Ravikant: A Guide to Wealth and Happiness.

IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
02:35 - Who Naval Ravikant is and why Eric wanted to write a book about him.
07:01 - How Eric’s strategy of not making any money out of the book came about and why he chose to go that route.
11:38 - How someone can build or find a position of leverage and why this is important going into the future.
12:43 - The breakdown of Naval’s framework on how to get rich without getting lucky.
21:28 - What’s behind Naval's idea that if you don't have equity in a business, then you don’t have a path towards financial freedom?
23:02 - Why Naval believes the forty-hour work week is outdated and why we should be like athletes instead.
24:55 - How Eric was able to get Tim Ferriss to write the foreword to his book.
25:46 - What the quote, “You’ll never be rich since you’re obviously smart, and someone will offer you a job that’s just good enough” means.
27:04 - Why being a clear thinker is more important than being smart, and how we can think clearly.
28:42 - What a mental model is and how this can help you in your business and life.
41:52 - Which habit or principle Eric follows in his life that has had a big impact on his success and what has been the most influential book in his life.
46:44 - What has been the most important thing Eric has learned from Naval?
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Podcast: Naval Ravikant: The Angel Philosopher in The Knowledge Project with Shane Parrish.

Tim Ferriss’ book, The 4-Hour Workweek.

Charlie Munger’s book, Poor Charlie’s Almanack.

Bill Watterson’s book, The Complete Calvin and Hobbes.

Robert Cialdini’s book, Influence, New and Expanded: The Psychology of Persuasion.

Jason Calacanis’ book, Angel.

Eric Ries’ book, The Lean Startup.

Check out the books mentioned in the podcast 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 Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.

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:

Range Rover

Airbnb

Toyota

Public

NetSuite


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

In today’s episode, Patrick Donley (@JPatrickDonley) sits down with Shawn O’Malley, Chief Editor of our newsletter, We Study Markets, to discuss what his main takeaways were from doing a deep dive into The Outsiders by William Thorndike.

Learn how CEOs operate like stock investors, why capital allocation is unintuitive for most company leaders, what factors lead to poor capital allocation, how to identify leaders that will be extraordinary capital allocators, which Outsider CEO most stood out to Shawn, how you can apply the lessons in The Outsiders to your own investing, plus so much more!

William N. Thorndike is founder and a managing director of Housatonic Partners, a private equity firm. He is a graduate of Harvard College and the Stanford Graduate School of Business.

IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:36 - How CEOs operate like stock investors
05:01 - Why is capital allocation is unintuitive to most CEOs
09:37 - What factors lead to poor capital allocation by CEOs
11:36 - What is in a CEOs toolkit to allocate capital effectively and how can they be evaluated
16:28 - How to identify extraordinary CEOs that will be great capital allocators
20:18 - How the Outsider’s CEOs were able to resist the institutional imperative 
24:29 - Which of the Outsider’s CEOS most stood out to Shawn
29:30 - How Henry Singleton masterfully allocated capital at Teledyne
34:05 - What lessons can be learned from The Outsiders for today’s investor

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Lawrence Cunningham's book, The Essays of Warren Buffett.

Benjamin Graham's book, The Intelligent Investor.

William Thorndike's book, The Outsiders.

Check out the books mentioned in the podcast 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 Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.

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:

Range Rover

Airbnb

Toyota

Public

NetSuite


Connect with Patrick: Twitter | Email
Connect with Shawn: Twitter | LinkedIn | Email
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

Clay Finck chats with Jeff Booth about inflation and deflation, why inflation isn’t necessarily ‘good’ for a healthy and thriving economy, why so many people are missing the fact that deflation and technological innovation is too powerful of a force to stop, why Jeff believes that Bitcoin is positioned to perform well over the long-term, and much much more! 
Jeff Booth is a technology entrepreneur and founder of BuildDirect which is now a company with a market capitalization of over $500 million.

IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
06:10 - The two colliding forces at an exponential rate and why they are the most important thing for investors to understand.
10:37 - An example of deflation playing out in our everyday lives.
12:07 - Why there has been such a huge disconnect in the price changes between certain industries.
29:29 - Why inflation isn’t necessarily ‘good’ for a healthy and thriving economy.
32:55 - Why so many people are missing the fact that deflation and technological innovation is too powerful of a force to stop.
40:09 - Whether the Federal Reserve can perform quantitative tightening or not in the future.
41:22 - Why Jeff believes that Bitcoin is both an asymmetric bet and one of the safest places to store value.
46:22 - How investors can potentially benefit from these massive shifts in our economy.
49:10 - What Jeff is seeing for Bitcoin adoption from the private companies he works with.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Jeff Booth’s book, The Price of Tomorrow.

Check out the books mentioned in the podcast 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 Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.

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:

Range Rover

Airbnb

Toyota

Public

NetSuite


Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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