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

On today’s episode, Clay is joined by Andrew Brenton. Andrew Brenton is the CEO and a co-founder of Turtle Creek.
Since it’s inception in 1998, Turtle Creek has acheived an average annual return of 20% versus just 7% for the market. $10,000 invested into their fund at inception would have grown to over $885,000 as of September 30, 2023, and had that money been invested in the market, it would have been worth just under $52,000.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:21 - How Andrew’s experience in private markets prepared him to take on public markets.
07:23 - Turtle Creek’s distinguished approach to value investing.
14:25 - What makes for a great, unique business for Andrew to get interested in.
18:06 - Why Turtle Creek chose to focus on mid-caps.
21:07 - How Turtle Creek avoids losing money on almost every investment they make.
23:37 - Why overpaying is the biggest risk for Andrew.
27:31 - How Turtle Creek improves upon an approach of simply buying and holding great businesses.
36:56 - An investment case study of Automation Tooling Systems.
44:25 - How Andrew determined that 25-30 companies in the portfolio is the right amount.
56:53 - What led Turtle Creek to set up a synthetic private equity fund.
01:02:02 - The story of Turtle Creek being the largest shareholder of Home Capital Group prior to Berkshire Hathaway taking a major stake.
01:07:20 - How continuous improvement has played a role in Turtle Creek’s success.
01:13:01 - What’s next for Turtle Creek in the next 25 years.

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

BOOKS AND RESOURCES

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

Check out Turtle Creek Asset Management.

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

Related Episode:TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video.

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


NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.

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

Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.


Learn how to better start, manage, and grow your business with the best business podcasts.



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Monetary Metals

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HELP US OUT!
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Preston Pysh brings back legal expert, Joe Carlasare and Bitcoin OG, American HODL, to talk about all things Bitcoin. This episode encompasses a wide-ranging, candid conversation about all the events happening in the Bitcoin ecosystem.

IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:32 - What is happening with Binance and the DOJ?
01:32 - Will the CEO of Binance potentially do any jail time?
33:32 - What is happening with Genesis and DCG?
33:32 - Did DCG defraud both retail and institutional investors?
33:32 - Does this impact GBTC at all?
54:57 - Is the DOJ going to pursue any crypto influencers?
01:17:13 - Potential rate cuts and QE in the 1Q of 2024.

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

BOOKS AND RESOURCES


Joe Carlasare's Twitter.


Joe Carlasare's Legal Practice.


American HODL on Twitter.


American HODL on Nostr.

Related episode: Listen to BTC135: Binance & Coinbase Vs the SEC w/ Joe Carlasare & HODL, or watch the video.

Related episode: Listen to BTC154: Bitcoin and Macro Mastermind Q4 2023, or watch the video.


NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.

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

Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.


Learn how to better start, manage, and grow your business with the best business podcasts.


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



SPONSORS
Support our free podcast by supporting our sponsors:

River

AlphaSense

Wise

American Express Business Gold Card

Shopify

Toyota

Ka'Chava

Glengoyne Whisky

Babbel

Alto

Linkedin Marketing Solutions

Noble Gold Investments

Vanta

Efani

Monetary Metals

Salesforce

Notion AI

In this episode, Stig Brodersen talks with investment expert Lyn Alden about currencies, debt, inflation, and how to invest in an uncertain world.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
Why the bull theses are always more thoughtful and plentiful, and how to account for that
The relationships between debt, inflation, and wars.
How to best take advantage of debt in your portfolio
How capital controls work
How a debt restructuring works in practice
Can technology be so deflationary that the FED can print us to inflation? 
The future role of the Euro on the global scene 
Whether China is in a balance sheet recession 
The pros and cons of Argentina dollarizing its economy

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

BOOKS AND RESOURCES

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

Lyn Alden’s book, Broken Money – Read reviews here 

Our interview with Lyn Alden about her book, Broken Money


Our interview with Lyn Alden about How the Fed Went Broke


Our interview with Lyn Alden about Macro and the Energy Market


Our interview with Lyn Alden about Money


Our interview with Lyn Alden about Gold and Commodities 

Lyn Alden's free website



NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.

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

Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.


Learn how to better start, manage, and grow your business with the best business podcasts.



SPONSORS
Support our free podcast by supporting our sponsors:

River

AlphaSense

Noble Gold Investments

Wise

American Express Business Gold Card

Shopify

Ka’Chava

Babbel

Alto

Vanta

Salesforce

Percent

NetSuite

Toyota

Glengoyne Whisky

Monetary Metals


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!

Clay is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose & much more!

Clay Finck is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read.
Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s most admired Fortune 500 CEOs and a variety of public figures and celebrities, including Bill Gates, Tom Brady, Richard Branson, Stan Lee, Oprah Winfrey, Sergey Brin, Larry Page, and Elon Musk’s SpaceX Team. Jim puts high-level people in the position to use their brain power at optimum levels.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:33 - Why we should reconsider the practices we use to learn.
06:46 - Why all behavior is belief-driven.
10:11 - The number one asset we have to achieve anything we desire.
13:16 - The framework Jim uses to stay motivated.
17:45 - Arnold Schwarzenegger’s advice to Jim on what it takes to be the best in your field.
26:46 - How a strong sense of purpose can help anchor us in thinking long-term.
29:49 - How we can reach the flow state.
34:24 - Ways in which we can improve our focus and concentration.
36:43 - Why great questions will lead us to the answers we need.
47:43 - The mental benefits of a reading habit.
52:32 - Why it’s oftentimes better to read a book rather than listen to an audiobook.
56:15 - How you can increase reading retention.

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

BOOKS AND RESOURCES

Jim’s Book: Limitless.

Jim’s Podcast: Kwik Brain.

Find out your brain type here.

Jay Papasan’s book: The One Thing.

Check out our TIP Mastermind Community.

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

Related Episode:TIP464: The Billionaire Coach’s Playbook w/ Matt Spielman. or watch the video.


NEW TO THE SHOW?

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

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

AlphaSense

Noble Gold Investments

Wise

American Express Business Gold Card

Shopify

Ka'Chava

Babbel

Alto

Vanta

Salesforce

Percent

NetSuite

Toyota

Glengoyne Whisky

Monetary Metals


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!

Preston and James Lavish discuss the horrible US treasury auction and what might be fundamentally causing such perturbations. Additionally, they talk about James' expectation for Bitcoin in 2024 with so much credit impairment looming.