861 episodes

We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
We Study Billionaires is the largest stock investing podcast show in the world with 150,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve.
This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.
And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.

We Study Billionaires - The Investor’s Podcast Network The Investor's Podcast

    • Business
    • 4.6 • 340 Ratings

Listen on Apple Podcasts
Requires subscription and macOS 11.4 or higher

We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
We Study Billionaires is the largest stock investing podcast show in the world with 150,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve.
This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.
And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.

Listen on Apple Podcasts
Requires subscription and macOS 11.4 or higher

    RWH043: Survive & Thrive w/ Guy Spier: Part 2

    RWH043: Survive & Thrive w/ Guy Spier: Part 2

    In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 2, Guy shares insights on how to succeed over the long run by avoiding dumb investment behavior, building the right relationships, and recognizing our weaknesses. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.”

    IN THIS EPISODE, YOU’LL LEARN:
    00:00 - Intro
    01:36 - What dumb investment behavior Guy Spier strives to avoid
    05:12 - What type of companies he shuns
    07:05 - Why good relationships are a key to financial & personal success
    07:25 - Why we should be especially wary of leverage
    15:46 - Why it’s vital to find “friends along the path” who support us emotionally
    29:34 - Why it’s helpful to shine a light on our own weaknesses
    41:18 - How he handles painful, contentious conversations
    51:24 - How to engage with people whose beliefs & experiences differ from ours
    1:07:05 - What role money does—or doesn’t—play in a rich & meaningful life
    1:11:11 - What Guy learned from Warren Buffett’s exercise of writing your own obituary
    1:31:39 - How reading great literature can make you wiser & happier

    Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

    BOOKS AND RESOURCES

    Related Episode: William Green’s 2023 interview with Guy Spier | YouTube Video.

    Related Episode: William Green’s 2022 interview with Guy Spier | YouTube Video.

    Related Episode: William Green’s interview with Daniel Goleman & Tsoknyi Rinpoche | YouTube Video.

    Related Episode: William Green’s interview with Chris Davis | YouTube Video.

    The Dishcast podcast with David Brooks on “Transcending Hate & Loneliness”.


    Daniel Siegel’s book “The Developing Mind”.

    Harville Hendrix’s book “Doing Imago Relationship Therapy in the Space-Between”.


    Marcel Proust’s book “In Search of Lost Time”.


    Guy Spier’s book, “The Education of a Value Investor" – read reviews of the book.

    Subscribe to Guy Spier’s free newsletter.

    Guy Spier’s podcast and website.

    Guy Spier interviews William Green about his book, “Richer, Wiser, Happier”. 

    William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.

    Follow William Green on X (AKA Twitter).

    Check out all the books mentioned and discussed in our podcast episodes here.


    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

    Wise

    NetSuite

    Fidelity

    TurboTax

    NDTCO

    Linkedin Marketing Solutions

    Fundrise

    Vacasa

    NerdWallet

    Babbel

    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

    • 1 hr 47 min
    RWH042: Survive & Thrive w/ Guy Spier: Part 1

    RWH042: Survive & Thrive w/ Guy Spier: Part 1

    In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 1, Guy discusses the art of compounding wealth over decades, drawing on lessons he’s learned from Warren Buffett, downhill ski racers, & his own mistakes. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.”

    IN THIS EPISODE, YOU’LL LEARN:
    00:00 - Intro
    04:07 - Why it’s so intense for Guy Spier & William Green to collaborate
    10:19 - How telling the truth changed Guy’s life
    17:53 - Why the Global Financial Crisis terrified him
    24:52 - Why it’s hard to invest rationally in the real world of chaos & confusion
    29:25 - How Guy deals with his emotions when making investment decisions
    35:03 - Why his default position is to hold his stocks indefinitely & resist meddling
    38:48 - Why he didn’t sell his stake in Alibaba
    42:01 - Why he’s pleased with & disappointed by his investment returns
    46:32 - Why his mission is long-term compounding without catastrophe
    55:06 - What Guy learned from investing in a company that went bankrupt
    57:57 - What the fastest skiers can teach us about success & survival
    1:00:02 - How excessive risk destroyed a fund manager he once knew
    1:04:13 - What we can learn from Warren Buffett about financial resilience

    Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

    BOOKS AND RESOURCES

    Related Episode: William Green’s 2023 interview with Guy Spier | YouTube Video.

    Related Episode: William Green’s 2022 interview with Guy Spier | YouTube Video.

    Guy Spier’s book, “The Education of a Value Investor" – read reviews of the book.

    Subscribe to Guy Spier’s free newsletter.

    Guy Spier’s podcast and website.

    Guy Spier interviews William Green about his book, “Richer, Wiser, Happier”.

    Read Gandhi: An Autobiography – The Story of My Experiments with Truth.

    Luca Dellanna's book, "Ergodicity".

    David Hawkins' book, “Power vs Force”.

    William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.

    Follow William Green on X (AKA Twitter).

    Check out all the books mentioned and discussed in our podcast episodes here.


    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

    Wise

    NetSuite

    Fidelity

    TurboTax

    NDTCO

    Linkedin Marketing Solutions

    Fundrise

    Vacasa

    NerdWallet

    Babbel

    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

    • 1 hr 12 min
    TIP615: Current Market Conditions w/ Richard Duncan

    TIP615: Current Market Conditions w/ Richard Duncan

    On today’s episode, Clay is joined by Richard Duncan to discuss current market conditions, whether we’ll see a recession in 2024, the potential for interest rate cuts, and more.
    Richard Duncan is the author of The Money Revolution: How To Finance The Next American Century.

    Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis.  

    Since 2013, Richard has published Macro Watch, a video newsletter that analyzes the forces driving the economy and the financial markets in the 21st Century.

    IN THIS EPISODE YOU’LL LEARN:
    00:00 - Intro
    01:47 - How our modern-day economy is structured with the US dropping the gold standard in 1971.
    10:29 - Why our economy requires perpetual credit expansion.
    17:46 - How the credit environment has developed since 2020.
    26:11 - What a recession is and what the implications of a recession are.
    29:47 - Why Richard foresees a recession in 2024.
    31:55 - The primary drivers of credit growth.
    43:26 - Why we’ll likely see interest rate cuts in 2024.
    53:03 - The drawbacks of our modern-day economy.
    60:00 - Indicators that investors need to monitor in today’s economy.
    64:03 - Where the US is at in the AI race.

    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.

    Richard Duncan Website.

    Macro Watch Website.

    The Money Revolution Book.

    Related Episode: TIP488: Current Market Conditions w/ Richard Duncan | YouTube Video.

    Related Episode: TIP424: How to Finance the Next American Century w/ Richard Duncan | YouTube Video.

    Follow Richard on Twitter.

    Follow Clay on Twitter.

    Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.


    Check out all the books mentioned and discussed in our podcast episodes here.


    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

    Wise

    NetSuite

    Fidelity

    TurboTax

    NDTCO

    Linkedin Marketing Solutions

    Fundrise

    Vacasa

    NerdWallet

    Babbel

    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

    • 1 hr 9 min
    BTC173: Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard (Bitcoin Podcast)

    BTC173: Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard (Bitcoin Podcast)

    In this episode, Bitcoin OG Pierre Rochard unpacks the Energy Information Survey's halt, its implications, and the mining community's legal victory. We delve into Pierre's thoughts on Senator Warren's initiative, the collective response, and future steps. The discussion also covers Texas' support, the impact of the upcoming halving event, and Pierre's insights on the Bitcoin 'speculative attack'.

    IN THIS EPISODE YOU’LL LEARN:
    00:00 - Intro
    01:15 - The background and implications of the DOE's halted energy survey on Bitcoin mining.
    04:04 - Pierre Rochard's perspective on Senator Elizabeth Warren's initiative to track power consumption by miners.
    15:14 - The collective response of the Bitcoin mining community to regulatory challenges.
    15:14 - Details of the legal victory that temporarily stopped the DOE's data collection efforts.
    15:14 - How this legal battle might set a precedent for future regulatory attempts on Bitcoin mining.
    33:09 - The role of Texas in supporting the cryptocurrency industry against regulatory pressures.
    39:43 - Pierre's concept of the "speculative attack" and its relevance to Bitcoin's future.
    56:50 - Insights into the upcoming Bitcoin halving event and its potential impact on the mining community.

    Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

    BOOKS AND RESOURCES

    Pierre Rochard's Twitter.

    Riot Platforms' Twitter.

    Related Episode: Listen to BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard, or watch the video.

    Related Episode: Listen to BTC116: Bitcoin Ordinals and NFTs on Layer 1 Bitcoin w/ Pierre Rochard, or watch the video.

    Check out all the books mentioned and discussed in our podcast episodes here.


    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

    Wise

    NetSuite

    Fidelity

    TurboTax

    NDTCO

    Linkedin Marketing Solutions

    Fundrise

    Vacasa

    NerdWallet

    Babbel

    Shopify


    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 5 min
    TIP614: Investing Guardrails: Avoiding Common Mistakes w/ Kyle Grieve and Clay Finck

    TIP614: Investing Guardrails: Avoiding Common Mistakes w/ Kyle Grieve and Clay Finck

    Kyle Grieve and co-host Clay Finck dive deep into how human psychology impacts your investment decisions, why even the best investors fall victim to their own biases, strategies to mitigate common mistakes, how to deal with market timing, leverage, and speculation, why you should focus your time on improving patience, simplifying things, and understanding value, how you can recognize the biases of the market by understanding market cycles, why you should prioritize temperament over intellect, the importance of long-term results over quick gains, and a whole lot more!

    IN THIS EPISODE YOU’LL LEARN:
    00:00 - Intro
    02:39 - Why greed makes us feel smart.
    03:03 - How fear causes us to make poor decisions.
    05:25 - The case study of Stanley Druckenmiller and how greed can affect even the smartest among us.
    10:14 - How we can succeed in investing without having to predict macroeconomic trends.
    11:38 - How we can track our emotions to make better decisions.
    14:48 - The follies of trying to time the market.
    14:48 - The downside of timing the market.
    15:27 - Why we shouldn’t rely on luck to consistently generate returns.
    17:21 - Why Warren Buffett would make any changes to his investing even if he knew what the FED was going to do in the next twelve months.
    23:09 - Why leverage should be avoided in the stock market.
    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.

    Related Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video.

    Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve | YouTube Video.

    Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.


    Follow Kyle on Twitter and LinkedIn.

    Check out all the books mentioned and discussed in our podcast episodes here.


    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

    Wise

    NetSuite

    Fidelity

    TurboTax

    NDTCO

    Linkedin Marketing Solutions

    Fundrise

    Vacasa

    NerdWallet

    Babbel

    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

    • 1 hr 34 min
    TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve

    TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve

    On today’s episode, Clay Finck and Kyle Grieve share why they are so passionate about investing in stocks and why they utilize the stock market to help them achieve financial independence.

    IN THIS EPISODE YOU’LL LEARN:
    00:00 - Intro
    02:41 - How real-life examples of compounding have influenced Clay & Kyle
    11:33 - How the stock market has compounded in the US since the 1950s.
    20:50 - Why Clay and Kyle set the financial goal of becoming financially independent.
    28:42 - Why Kyle chose to utilize the stock market as his tool to achieving financial independence.
    36:44 - How an investor knows when they are ready to start investing in individual companies.
    41:24 - How to quickly disqualify an investment.
    43:44 - The best metric to filter on business quality.
    72:27 - The edge that individual investors can have in picking stocks.
    81:03 - Our favorite investing books.

    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.

    Books mentioned: The Millionaire Next Door, 100 Baggers, The Psychology of Money, The Simple Path to Wealth, The Joys of Compounding, What I Learned About Investing From Darwin, Richer, Wiser, Happier, Invested, The Most Important Thing, The Warren Buffett Portfolio


    Check out Finchat.

    Episode Mentioned: TIP602: Same as Ever w/ Morgan Housel | YouTube Video.

    Related Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video.

    Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.


    Follow Kyle on Twitter and LinkedIn.

    Follow Clay on Twitter and LinkedIn.

    Check out all the books mentioned and discussed in our podcast episodes here.


    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

    Wise

    NetSuite

    Fidelity

    TurboTax

    NDTCO

    Linkedin Marketing Solutions

    Fundrise

    Vacasa

    NerdWallet

    Babbel

    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

    • 1 hr 28 min

Customer Reviews

4.6 out of 5
340 Ratings

340 Ratings

DavidJohnLewis ,

Superb content

This podcast is exceptional. An incredible mixture of financial analysis combined with philosophy of life guidance. Unique.

robloxdenis lover ,

One of the best podcast

One of the best podcast with full of knowledge. Thanks for all your hard work.

Fghuiop ,

Richard Duncan

Super clear

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