Wall Street Vision - Investing Podcast

What happens when the dream of becoming a Big Four partner starts to lose its shine? In this episode, we unpack why the traditional career path at PwC, Deloitte, EY, and KPMG might not be what it used to be — and what that means for folks on the partner track.Is the equity partner model fading — and how should professionals and investors adapt to this quiet shake-up?Here's what you'll learn: ✅ Why fewer people are being promoted to equity partner at the Big Four✅ The rise of the “non-equity partner” — title prestige without profit sharing ✅ How economic pressures and slower growth are reshaping firm structures ✅ What this shift means for ambitious professionals charting long-term careers⚠️ Heads up: These dynamics can vary by country, and data from private firms is limited — so each geography/market will have it's own specific scenario unfolding.

Why Saving Is the Real Secret to Wealth (Even More Than Investing)Before you think about your actual investments, you should consider - Are you actually saving enough in the first place? In this episode, we unpack why saving—not just investing—is the real foundation of wealth investors.Want to build long-term wealth and enjoy a secure retirement? It starts with what you don't spend today.✅ Why saving is crucial during every life stage—from your 20s to retirement✅ The 50/30/20 rule and when it doesn't make sense for your lifestyle✅ How to avoid lifestyle creep (and why it sneaks up fast after a raise)✅ Easy tracking tips to spot financial blind spots and stay on course✅ The power of automation: how to make saving a no-brainer habit

In this episode, we explore a clever tax strategy that can help Canadian couples potentially lower their overall tax bill: the spousal loan strategy. Ever wondered how to legally shift taxable investment income from a higher-income spouse to a lower-income spouse? Tune in as we demystify the ins and outs of using a prescribed-rate loan to optimize your family's tax situation.

I recently spoke to Greg Barnsdale, author of "Do Not Ignore Your Mortality" and veteran of the funeral and financial planning industries. Greg shared his unique insights from vast experience as both a funeral director and financial planner. His work focuses on helping people navigate end-of-life planning and estate preparation.

Wall Street Vision is back after a break!  You might be wondering why we've had so few episodes this year –- Well, I had a professional goal of completing the Certified Financial Planner (CFP) designation, and that took a whole lot of study hours!  I completed the CFP program courses and passed that exam, so now I'm very excited to have more time that I can devote to the podcast again.  This episode is all about AI.  Join us for a comprehensive overview of artificial intelligence (AI), covering its recent developments, potential future impacts, and practical applications for listeners.  "You don't want to be the person using fax when everyone else is emailing. If you're a carpenter operating with a handsaw, and someone comes along with an electric saw, you have to incorporate that into your practice to keep up." Wall Street Vision Podcast: ⁠⁠wallstreetvision.com⁠⁠ Disclaimer: This podcast is not associated with any financial institution. The views and opinions expressed by the host and podcast guests are their own and do not reflect the opinions of any financial institution. The content provided in this post and/or podcast is for informational purposes only and should not be considered financial advice.

I recently spoke to Aaron Letzeiser, co-founder of Obie Insurance and Forbes “30 under 30” award recipient. Aaron told me about his startup journey and the steps he took to raise capital for his firm. Aaron's firm (Obie Insurance) went through the prestigious Y Combinator accelerator program in Silicon Valley. The firm is making moves in the rental property insurance space.

In this episode we have the pleasure of learning from Mark B. Murphy, CEO of Northeast Sequoia Private Client Group.  Mark is an accomplished author, speaker, and motivator. He helps entrepreneurs achieve multi-generational wealth through personalized strategies. His investment firm manages billions of dollars in assets. In this episode we covered: The steps Mark took to achieve financial success (he didn't grow up rich) Why it's important to compete against yourself (instead of competing against others) How to cultivate the right mindset for success   The correct way to view failure The mindset of investing in yourself or your own business How Mark went from an entry level role to CEO at his firm Connect with Mark on Facebook: https://www.facebook.com/mark.murphy.58323   https://www.facebook.com/NortheastPrivateClient/  Connect with Mark on Instagram: https://www.instagram.com/mark_b_murphy  Mark's Websites: https://markbmurphy.com  https://www.northeastprivate.com Connect with Mark on LinkedIn: https://www.linkedin.com/in/mark-b-murphy-813b105  / https://www.linkedin.com/company/northeast-private-client-group  Check out Mark's book on Amazon: https://www.amazon.com/Ultimate-Investment-Roadmap-Business-Multigenerational/dp/1955884250 Wall Street Vision podcast: https://WallStreetVision.com Disclaimer: This podcast is not associated with any financial institution. The views and opinions expressed by the host and podcast guests are their own and do not reflect the opinions of any financial institution. The content provided in this post and/or podcast is for informational purposes only and should not be considered financial advice.

Jake Buerke is a Wall Street veteran and the founder of the AI company chtrbx.AI Tune in to discover: -What's happening in the AI space -When we might have AI that can replace humans (wow!)  -What can you do to avoid being replaced by artificial intelligence?  -Jake's thoughts on the drama happening at openAI (company that created chatGPT -chtrbx.AI and the cool stuff they're doing to help clients get unique customer insights Don't miss out on a special offer - Use coupon WSV2023 for 50% off all plans at chtrbx.AI for the first 2 months Jake's company: chtrbx.ai Follow Jake on Twitter X: twitter.com/chtrbx_ai Wall Street Vision Podcast: wallstreetvision.com Disclaimer: This podcast is not associated with any financial institution. The views and opinions expressed by the host and podcast guests are their own and do not reflect the opinions of any financial institution. The content provided in this post and/or podcast is for informational purposes only and should not be considered financial advice.

Ted Oakley is a true investing expert with over 40 years of experience working with high net worth clients.  You can learn a lot from someone who's been through so many decades of investing. In our conversation, we cover: -Ted's remarkable story of growing up in a home with zero money, no running water and what helped him achieve financial success despite that upbringing -Top mistakes that he sees investors making  -How people's past experiences with investing can cause them to make poor decisions, and what to do about it -Also, the importance of diversification and limiting exposure to any one specific investment -Ted's market outlook Learn more about Ted: https://oxbowadvisors.com/ Ted's Twitter: https://twitter.com/Oxbow_Advisors Check out Ted on YouTube: https://www.youtube.com/@OxbowAdvisors Wall Street Vision Podcast: www.wallstreetvision.com Disclaimer: This podcast is not associated with any financial institution. The views and opinions expressed by the host and podcast guests are their own and do not reflect the opinions of any financial institution. The content provided in this post and/or podcast is for informational purposes only and should not be considered financial advice.

You've seen the scary headlines about a looming recession, but what's the current status of the U.S. economy? I'm joined by Sam Burns to get his take. Sam is a senior equity strategist with over 20 years of experience in financial markets. He is the founder and chief strategist at Mill Street Research.  Tune in to find out: What is Sam's take on the current state of the economy and his outlook to later this year and 2024? Why do we sometimes see scary headlines while the stock market keeps hitting new highs? Is inflation finally under control, or are there nasty surprises on the horizon? Where are some great hunting grounds for the best investment opportunities today? Sam has a wealth of knowledge and I learned a lot during our conversation. Check out more from Sam below: Follow Sam on Twitter/X: https://twitter.com/MillStResearch Connect with Sam on LinkedIn: https://www.linkedin.com/in/sam-burns-cfa-53a51a4/ Check out Mill Street Research for their in-depth high quality research services: https://www.millstreetresearch.com/ Wall Street Vision podcast: https://wallstreetvision.com

In this episode I had the privilege of speaking with Michael Robbins, CFA. Michael has been the Chief Investment Officer at 6 different investment firms over the past 37 years. He is also a professor at Columbia university, where he teaches quant investing including graduate classes in tactical asset allocation and ESG. In this episode, we discussed: Is the meme stock mania over, or here to stay? What are the characteristics of markets where arbitrage may be possible How computers and chatGPT are changing investing Investing biases that can lead to bad investments What factor investing is, and the proper way to invest with factors Buy Michael's awesome book here: https://www.amazon.ca/Quantitative-Asset-Management-Michael-Robbins/dp/1264258445 Readings/interviews/code from the book: http://www.quantitativeassetmanagement.com/

Warren Buffett has a beef with credit cards. Check out this episode to find out why.

Did you know that Jim Simons was able to beat Warren Buffett's investment returns? And he didn't just beat them, he CRUSHED them! Watch this video to discover how Jim accomplished this incredible feat through his Medallion Fund at Renaissance Technologies (Rentech).

In this video, we explore the fascinating story of Howard Schultz and his incredible journey with Starbucks. From his humble beginnings in Brooklyn, to his rise as one of the most successful entrepreneurs in modern history, Schultz's story is one of perseverance, passion, and vision.

Kirk Kerkorian is one of the ultimate entrepreneurs of the 20th century. From rags to riches, Kerkorian's story is truly inspiring and a great example of hard work and determination paying off big time. In this episode we'll take you on a journey through his early days, his rise to the top, and all the challenges he faced along the way.  We'll talk about his early years, flying planes during WW2, and his start as a developer in Las Vegas. We'll also go over how he built the biggest hotel-casino in the world, not once, but three times! So, grab some popcorn, sit back and join us as we delve into the incredible life of Kirk Kerkorian. Oh, and don't forget to smash that like button, leave a comment, and hit subscribe for more episodes on true stories about people making millions.

Mike Cessario founded Liquid Death and it became a $700 million dollar business against all odds. The crazy thing is that Liquid Death is not some trendy energy drink - It's canned water. Now this isn't the most conventional founder/CEO story. Mike grew up playing in punk rock and heavy metal bands and eventually became a graphic designer and advertising creative director. While working on campaigns for big clients like Netflix, he learned tricks for capturing people's attention and getting them hooked on a product. But it wasn't until he noticed a subset of people in the hardcore music scene who were vocal about not drinking or doing drugs that he had his "a-ha" moment. Combining this with a sneaky little trick he saw musicians doing with water in energy drink cans, Mike Cessario came up with the idea for the most hardcore water out there - Liquid Death. This canned water with the tagline "murder your thirst" and features skulls and crazy designs. It became an instant hit. Being a true underdog, Mike took on the big guns in the water market dominated by billion-dollar companies. Find out how he did it by learning about Mike Cessario and how he made Liquid Death a reality.

Pieter Levels (levelsio) is the digital nomad who took a leap of faith and became a multi-millionaire by building a portfolio of successful startups. From his humble beginnings as a teenager dabbling in programming to launching 7 mediocre startups, Pieter finally hit the jackpot with Nomad List and RemoteOK. With his philosophy of "learn by doing" and a focus on speed and simplicity, Pieter Levels has built a thriving empire that generates $3 million a year with high margins. Watch this inspiring story of how Pieter took control of his fate and achieved his entrepreneurial dreams. Pieter/levelsio info: * Nomad List - https://nomadlist.com * RemoteOK - https://remoteok.com * Pieter's Blog - https://levels.io/ * Pieter Twitter - https://twitter.com/levelsio This episode is available as a video on Spotify and YouTube.

In this episode, we will be examining the life and legacy of John D. Rockefeller, one of the most iconic figures in American history. Though he is known as the world's first billionaire, there is much more to his story than just his wealth. Growing up, Rockefeller's family did not have much money, and many of his classmates and teachers thought he was a "slow learner". Despite these challenges, he worked hard to succeed and eventually became one of the wealthiest people in modern history. Rockefeller was a complex and influential figure, known for both his philanthropy and his controversial business practices. We will explore his rise to power, including the cutthroat tactics he used to get ahead. We will also delve into the unique mindset that allowed him to achieve such financial success, as well as the controversies that led to him being hated by many. Join us as we uncover the fascinating story of John D. Rockefeller. Social Media: TikTok Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

When Bob Parsons was growing up, no one seemed to think he'd amount to much. He was born into a lower-middle-class family in Baltimore in the 50's. With parents who were gamblers (not the winning kind), he seriously lacked career role models. Bob failed the fifth grade, and just barely graduated high school (his teachers let him pass because he joined the marines). None of that stopped him from starting two thriving businesses, which he sold for billions. It's an amazing underdog victory story. Check out this episode to learn how Bob made it happen. Social Media: TikTok Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Ben Francis became a billionaire by making gym clothes. And to top it all off, he did it without any external investors and without borrowing money - All before he turned 30 years old. You often hear about software CEOs becoming billionaires at a young age. That's happened a bunch of times in Silicon Valley. It's easy to scale a software business, but it's so much harder to achieve scale with a clothing company. Check out this episode to learn how Ben did it. P.S. We're currently working on some exciting things for the podcast, so we don't have a release date for the next episode – but we'll be back soon enough! If you'd like to stay in touch in the meantime, check out our content on TikTok here Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

John Paul DeJoria grew up poor and he didn't have a father figure to look up to. These humble beginnings only drove him to work harder. On his way to the top, JP went through job firings, failed marriages, and even homelessness at one point. It was a rough road, but none of it could extinguish the fire in his belly. He started Paul Mitchell Systems haircare company at age 36. Even with this “late start”, JP still managed to make billions - amazing inspiration for anyone who thinks it's too late to chase an entrepreneurial dream. In this episode, we'll cover the top lessons JP learned from his “failures.” We'll also take a look at what it took to achieve his financial success. P.S. I've adjusted the dollar figures in the story to 2022 dollars. P.P.S. We're currently working on some exciting things for the podcast, so the next episodes may take longer than a month to release – but we'll be back soon enough! If you'd like to stay in touch in the meantime, check out our content on TikTok here Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Ray Kroc had a pretty mediocre career until he got involved with franchising McDonald's locations. At 52 years old, he took on a business venture that would change his life and the fast-food industry forever. Even with this “late start”, he still managed to make billions! Great inspiration for anyone who thinks it's too late to pursue an entrepreneurial dream. In this episode, we'll uncover the lessons Ray applied from his pre-McDonald's careers, as well as the steps he took to grow the restaurant chain into a massive success. P.S. I've adjusted the story's dollar figures to 2022 dollars to provide context. However, the “15 cent hamburger” quote at [8:03] is not adjusted to today's dollars. **Announcement** - We're currently working on some exciting things for the podcast, so I don't have a release date for the next episode yet, but we'll be back soon enough! If you'd like to stay in touch in the meantime, check out our content on TikTok here. Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

You probably know Barbara Corcoran as Shark Tank's straight-shooting business lady, who tells it like it is. But don't be fooled by her powerful persona. Though she's a true power player, she overcame many hurdles and setbacks to become a millionaire. Her childhood wasn't easy. She has dyslexia, and back when she was growing up, learning disorders weren't treated with compassion. She also shared a small two-bedroom suite with nine siblings! Talk about starting life with the odds stacked against you! As she started building her real estate career, her business business partner (and boyfriend) left her for her secretary. He even told Barbara that ‘she'd never succeed without him'. (Boy, was he ever wrong!). Not only that, but she almost lost the business during the "Black Monday" aftermath, and had to navigate a lawsuit against Donald Trump. But in the end, she beat the odds, and became the queen of New York real estate. This is a story about staying strong and overcoming the obstacles on the road to success. Check out this episode to learn how she did it. P.S. I've adjusted most dollar figures in the story to 2022 dollars to make the story flow better. The $66 million deal amount was not adjusted. Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Sara Blakely went from running an illegitimate underground babysitting business to founding Spanx and becoming a billionaire in the process. The crazy thing is that she only invested $5,000 into Spanx – Talk about an amazing return on investment! With this trajectory she's giving Warren Buffett a run for his money :) But her road to riches wasn't easy. She faced tons of challenges along the way. She even had to do a brutal door-to-door sales job to cover her living expenses while chasing her dream. Check out this episode to learn how she did it. Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Sources: https://www.amazon.com/Spanx-Story-Underneath-Incredible-Blakelys/dp/1799734145 https://www.youtube.com/watch?v=FIFkHyLr8QQ&ab_channel=OWN The Spanx Story: What's Underneath the Incredible Success of Sara Blakely's Billion Dollar Empire (The Business Storybook Series) https://www.amazon.com/Spanx-Story-Underneath-Incredible-Storybook/dp/1400216117 https://www.wsj.com/articles/masters-of-scale-review-make-it-and-blitz-it-11631746266?mod=Searchresults_pos9&page=1 https://www.wsj.com/articles/blackstone-buying-majority-stake-in-spanx-11634738417?mod=Searchresults_pos7&page=1 https://www.wsj.com/articles/oprah-winfrey-reese-witherspoon-invest-in-spanx-11637250841?mod=Searchresults_pos3&page=1 https://www.forbes.com/global/2012/0326/billionaires-12-feature-united-states-spanx-sara-blakely-american-booty.html?sh=5bd7beb87ea0 http://www.mybaycity.com/scripts/p3_v2/P3V3-0200.cfm?P3_ArticleID=6852 https://web.archive.org/web/20131021224734/http://www.tallahasseemagazine.com/September-October-2007/Behind-the-Seams/ Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Sam Bankman-Fried is one of the youngest billionaires on the Forbes 100 list. With a current net worth of over $24 billion, he accumulated all that wealth in less than 5 years. Instead of splurging on yachts and private islands, he drives a Toyota Corolla and has pledged to give up the vast majority of his net worth to charity. It's amazing to think that his wealth journey started as recently as 2017 - and he earned the majority of it before he turned 30! It all started when he set up a Bitcoin arbitrage trade that ended up making him over $20 million dollars in a matter of weeks. But it wasn't smooth sailing all the way. He overcame some tricky roadblocks to set up this unique trade and make millions. Check out this episode to learn how he did it. Audio Credit: Special shoutout to Empire Podcast for their audio with Sam: https://blockworks.co/podcasts/empire/ https://www.youtube.com/watch?v=BQiRA_-VAd8&ab_channel=Blockworks Sources: https://www.youtube.com/watch?v=BQiRA_-VAd8&ab_channel=Blockworks https://www.acquired.fm/episodes/ftx-with-sam-bankman-fried-mario-gabriele https://www.forbes.com/sites/bdoherty/2021/05/16/icon-the-untold-story-of-crypto-billionaire-sam-bankman-fried/?sh=1603e83f5dcf https://finance.yahoo.com/news/ftx-ceo-sam-bankman-fried-profile-085444366.html https://protos.com/beeples-bitcoin-billionaires-winklevoss-collector-sues-unwanted-nfts/ https://vegaxholdings.medium.com/kimchi-premium-crypto-arbitrage-techniques-b780a45b6e76 https://www.ft.com/content/81811f27-4a8f-4941-99b3-2762cae76542 https://www.bloomberg.com/news/features/2022-04-03/sam-bankman-fried-ftx-s-crypto-billionaire-who-wants-to-give-his-fortune-away Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Naval Ravikant is a Venture Capitalist who's always been ahead of the curve. Based in Silicon Valley, he invested in companies like Uber and Twitter long before they were household names. But apart from being a shrewd investor, he's also a great thinker. This guy's like a modern-day philosopher. Being a reading machine, he consumes content from all sorts of different industries and connects the dots in unique ways. One of Naval's greatest contributions is his concept of the “four types of leverage”. But first of all, what exactly is leverage? In finance 101 leverage is described as borrowing to invest. But more broadly, it's a way of taking small actions to get big results. It's essentially how a little efforts compound into huge outcomes. Naval's framework states that there are four broad categories of leverage: Labour Capital Code Media He's used each of these at different stages of his life to accomplish big things. In this episode, we'll take a look at Naval's story and explore the power behind the four types of leverage. Sources: Almanack of Naval Ravikant - Naval's awesome book, get a free copy at the link https://www.wsj.com/articles/a-day-in-the-life-of-naval-ravikant-1477405801 https://dartmouthalumnimagazine.com/articles/avenging-angel https://nypost.com/2018/05/09/this-silicon-valley-big-wants-stuyvesant-hs-to-stay-exclusive/ https://www.nytimes.com/2005/01/26/technology/founders-of-web-site-accuse-backers-of-cheating-them.html https://www.fastcompany.com/3027305/naval-ravikants-angellist https://www.siliconvalley.com/2013/02/06/naval-ravikant-of-angellist-went-from-dot-com-pariah-to-silicon-valley-power-broker/ https://www.nytimes.com/2004/11/01/technology/the-ipo-succeeded-who-was-rewarded.html#:~:text=August%20Capital%20and%20Benchmark%20Capital,com%20worth%20roughly%20%2460%20million. https://www.hbs.edu/faculty/Pages/item.aspx?num=45657 Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Jesse Livermore was the best trader you've never heard of. Not only did he achieve billionaire status from his investments, but he also has a fascinating back story. His life played out like a movie, from humble beginnings growing up on a farm, to outsmarting mobsters at gambling parlors! Jesse's trading skills took him from a shack in Massachusetts to a mansion in New York. And, his fierce ambition and work ethic fueled his rise to the pinnacle of financial success. This guy's ability to bounce back from adversity is truly inspiring. He lost and gained fortunes several times over in his career. The lessons we can take from him are timeless–and clearly, I'm not the only one who feels this way. Hedge fund billionaire Paul Tudor Jones is a huge Jesse Livermore fan. Any new employees joining Paul's hedge fund automatically receive a book that teaches Jesse's methods. Why does Paul do this? It's because some things don't change. Greed and fear played a role in the markets a hundred years ago, and they'll play a role a hundred years from now. Jesse's story explores both emotions to full effect. Check out this episode to learn more about Jesse's incredible rags-to-riches story in the finance world. Sources: Jesse Livermore: World's Greatest Stock Trader Jesse Livermore - Boy Plunger: The Man Who Sold America Short in 1929 Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Did you know that at one point Volkswagen (VW) became the most valuable company in the world? It was a surprising event that caught virtually everyone off guard. You might be asking, “How the heck does a capital-intensive automaker become the #1 company in the world?”. Well, it's a fascinating story that involves short sellers, hedge funds and a secret plan by the Porsche family to take over VW. It also resulted in short sellers getting burned to the tune of €20 billion. Whoa! There's a research paper that examined what happened. It was written by Professor Eric Nowak and his 3 colleagues. Professor Nowak and his team went through piles of court documents to get the raw data. They painstakingly put all the info together and analyzed it to figure out what actually went on. A little about Professor Nowak: He's Professor of Finance and Head of the Institute of Finance at the Università della Svizzera italiana. He's also held visiting appointments at lots of leading universities including Stanford and the University of Chicago. A huge thank you to Professor Eric Nowak for joining me on this episode. VW Short Squeeze Research Paper: https://www.usi.ch/sites/default/files/storage/attachments/document/market-efficiency-and-limits-to-arbitrage.pdf Professor Nowak Bio/Contact info: https://www.sfi.ch/en/people/eric-nowak Other Papers by Professor Nowak: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=156698 Sources: https://www.ft.com/content/0a58b63a-4294-3e07-8390-c3aabef39a26 https://archive.fortune.com/magazines/fortune/fortune_archive/2007/07/23/100135700/index.htm?postversion=2007071209 https://corpgov.law.harvard.edu/2021/09/15/market-efficiency-and-limits-to-arbitrage-evidence-from-the-volkswagen-short-squeeze/ https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/ https://newsroom.porsche.com/en/company/annual-sustainability-report-2020/brief-overview-2020.html Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

So everyone knows that Warren Buffett is an investing GOAT. I mean, his results speak for themselves, right? Okay, fair enough, but did you know that he still lives in the same house he bought in 1958? How many billionaires do you know who do still live in the same house they got in their late 20s! I have a simple money philosophy; If Warren does something, there's a good reason for it. In this episode we'll explore the story of how he bought his house, and why he's still hanging out in suburban Omaha instead of shacking up in Manhattan's billionaire's row. We'll also cover some research from a book called “The millionaire next door”. This book was written by two PhD guys (Thomas J. Stanley and William D. Danko). They were basically trying to figure out “Who are America's millionaires, and what are their habits?” I learned a lot from reading their book, and I'm excited to share my findings with you. Check out this episode to learn more. Sources: The Millionaire Next Door: The Surprising Secrets of America's Wealthy: Thomas J. Stanley, William D. Danko: 8601419940790: Amazon.com: Books The Snowball: Warren Buffett and the Business of Life Warren Buffett Lives In A Modest $652K House The most overlooked fact about how Warren Buffett amassed his fortune, says money expert 11 Ways Warren Buffett Lives Frugally Warren Buffett On Frugality & Saving Money| Personal Finance From A Billionaire Buffett on the qualities needed to be a great investor The net worth it takes at every age to be richer than most people you know Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Maybe you haven't heard of MJ, but trust me, his story is worth paying attention to. We'll take a look at how he started (and later sold) a website where people could book limo services all over the country. Of course it wasn't a straight path to success …it was a bumpy road along the way. One of the things we can learn from MJ are the core thought patterns that allowed him to become financially free. His financial freedom didn't happen by accident, he was focused on making his dream lifestyle a reality. And today he has this lifestyle where his income is completely independent from his time, so he's in a position where he can spend his time doing exactly what he wants instead of worrying about how he's going to get his next paycheck. There are some great golden nuggets of wisdom in this episode, so I definitely recommend you check it out. Credit for audio clips goes to Book Thinkers Podcast: https://www.bookthinkers.com/podcastplatforms https://open.spotify.com/show/2qikdW7j42CVvAflMUoozQ MJ DeMarco has great books out: Millionaire Fastlane Unscripted The Great Rat-Race Escape MJ Social Links and resources Music courtesy of: https://pixabay.com/ Sources: https://www.mjdemarco.com/my-story/ Millionaire Fastlane (Book) https://www.youtube.com/watch?v=XZ6bC10IuFM&t=1034s https://mixergy.com/interviews/mj-demarco-limos-interview/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Howard Marks is widely considered to be a top investor. He became a self-made billionaire and is the co-founder and co-chairman of Oaktree Capital. They manage $150 billion+ of assets so you know his firm is the real deal. In this episode we'll cover: The epiphany that Howard discovered while investing in the "Nifty Fifty" stock era The key mindsets that any good investor should have What he did during global financial crisis -- Including how he made an investment that yielded a 23x return in less than 10 years (!) Special thank you to Meb Faber for audio in this episode. You can check out Meb's awesome full interview with Howard here. Two books that Howard wrote that are a great read: Mastering the Market Cycle The Most Important Thing Contact me to say hello: Vlad (at) wallstreetvision.com Sources: https://www.stewartinvestors.com/all/insights/stap/nifty-fifty.html https://www.multpl.com/s-p-500-pe-ratio https://mebfaber.com/2018/10/03/episode-124-howard-marks-its-not-what-you-buy-its-what-you-pay-for-it-that-determines-whether-something-is-a-good-investment/ Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Ed Thorp has a very interesting story. He used his physics and math skills to beat the casinos at blackjack and roulette before transitioning to finance. Then, he started two hedge funds that made record returns for investors. His 2021 net worth was over $800 million dollars - Wow! Check out this episode to learn more about his story. Special shout out to Aaron Fifield from Chat With Traders podcast for letting me use clips from his interview with Ed. You can check out Aaron's interview with here: https://chatwithtraders.com/ep-109-edward-thorp/ Contact me to say hello: visionwallstreet at gmail.com Sources: Hedge Fund Market Wizards A Man for All Markets http://www.fortunesformula.com/ThorpsHedgeFunds.html https://www.ft.com/content/e7898528-e897-11e6-967b-c88452263daf Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Carl Icahn is one of these investors who really thinks outside the box. He has a very impressive track record, and his 2021 net worth was over $17 Billion. The cool thing is that Carl came from a very average Brooklyn family to boot! In this episode we cover the story of how he used share buybacks as a catalyst to make a $2 billion return on his investment in Apple. If you have any comments/suggestions/feedback, you can reach me at visionwallstreet at gmail.com - I look forward to hearing from you! Sources: https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-ratio https://ycharts.com/companies/AAPL/stock_buyback https://www.marketwatch.com/story/carl-icahns-2-billion-apple-stake-was-a-prime-example-of-investment-inequality-2016-06-07 https://carlicahn.com/our_letter_to_tim_cook/ https://carlicahn.com/apple_shareholder_letter/ https://carlicahn.com/our-letter-to-apple-shareholders/ https://carlicahn.com/sale-apple-shares-at-half-price/ https://carlicahn.com/letter-to-twitter-followers-regarding-apple/ https://carlicahn.com/carl-icahn-issues-open-letter-to-tim-cook/ https://www.youtube.com/watch?v=_AAM1P-kqFs&ab_channel=CNBC https://www.youtube.com/watch?v=QTgFi62FJ4k&ab_channel=InvestingPrinciple Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Stan Druckenmiller is a superinvestor with an incredible track record - He compounded capital at over 30% for 30 years without a single down year. Those are GOAT stats! Like every other investor, he's had some bumps along the road. In this episode we'll cover his $3 billion loss during the dot-com bubble. We'll also cover the biggest lesson that Stan learned from George Soros. Audio Sources: Newsclip: CNN Moneyline Special Report 1999 https://www.youtube.com/watch?v=uTeFU1qivbs&ab_channel=ToggleAI https://www.youtube.com/watch?v=rq2lGZyW2yA&ab_channel=HF2030 Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Blair Hull went from beating casinos at blackjack to starting up his own Wall Street firm. They went from one employee to operating on stock exchanges around the world. Blair eventually sold the company to Goldman Sachs for over $500 million dollars. In this episode we'll cover Blair's amazing story and some great takeaways from it. I want to thank Aaron from the Chat With Traders podcast for letting me use parts of his Blair Hull interview for this episode. You can check out Aaron's podcast here: https://chatwithtraders.com/ Blair Hull audio: https://chatwithtraders.com/ep-085-blair-hull/ Music: https://pixabay.com/ Sources: https://chatwithtraders.com/ep-085-blair-hull/ https://www.amazon.com/New-Market-Wizards-Conversations-Americas/dp/0887306675 https://web.archive.org/web/20120109010146/http://www.sfomag.com/ArticlePrint.aspx?ID=1343 https://www.chicagotribune.com/news/ct-xpm-1999-07-13-9907130269-story.html https://www.wsj.com/articles/SB882224069197194500 https://www.fastcompany.com/28597/risky-business-sound-thinking Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Linda Raschke might not be as known as Warren Buffett or George Soros. But she's had lots of successes in the markets throughout the years, and even started her own hedge fund. At one point her hedge fund was ranked 17th (out of 4500) for having the best 5 year performance, so you know she's the real deal! This episode is about how she got started in investing at a time when investing was a very male-dominated industry. Music: https://pixabay.com/music/ Sources: https://lindaraschke.net/ https://twitter.com/LindaRaschke https://www.amazon.com/New-Market-Wizards-Conversations-Americas/dp/0887306675 Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Bill Hwang of Archegos Capital had a 10x return on his money in less than 7 years. He went from a net worth of “just” $200 million to over $20 billion dollars. Then it all came crashing down when one of his investments turned against him -- causing a catastrophic chain reaction. Check out the episode to learn about Bill's story. Music: https://pixabay.com/ Sources: https://www.focusonthefamily.com/contributors/bill-hwang/ https://www.youtube.com/watch?v=MhMhg97fmzE https://www.bloomberg.com/news/features/2021-08-31/city-to-pittsburgh-please-annex-us Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Our environment has a huge effect on our results. Guy Spier figured this out after the Great Financial Crisis stressed him out like crazy. That caused him to make a bunch of changes in his life to ensure that he'd optimize everything for investing success. In this episode, we'll cover: [1:30] The story of how Guy dealt with the Great Financial Crisis [6:42] Mental blind spots in investing [10:02] How Guy Spier sets up his work environment for investing success [17:31] Why checking stock prices every minute might not be a good idea [19:02] Guy Spier's method of sorting through investment research and why the order of doing that is super important Sources: Education of a Value Investor: https://www.amazon.com/gp/product/B00KF2JU2W/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

In previous episodes, we've covered people who are primarily known as investors. Arnold is more known for his bodybuilding, acting and political careers -- but this guy is a super smart investor as well. He started from $0 and now has a fortune estimated to be around $400 million dollars. In this episode we cover some great investments that Arnold made. We'll discuss his real estate deals, movie negotiations and that time he bought a Boeing 747 as an investment! Sources: https://www.amazon.com/Total-Recall-audiobook/dp/B009JY6WEQ/ref=sr_1_1?dchild=1&keywords=total+recall+book&qid=1630260191&sr=8-1 Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

There's a Warren Buffett quote where he says that if he was starting investing today with a $1 million portfolio, he'd have a return of 50%. He's one of the best investors of all time, so I'll take his word for it! In investing you often hear about the big institutional investors having all the advantages. But there are some good things about being a small and nimble investor as well. Check out this episode for some of the advantages that small investors have in the markets, and some ideas on what Buffett might do if he was starting investing today. Sources: https://finance.yahoo.com/news/think-could-50-warren-buffett-180028441.html Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Mohinsh Pabrai is a great investor that contributes a lot to the investment community by sharing lots of his ideas/ investment methods. In this episode we'll cover his investment process. We'll discuss: Where he gets investment ideas How he chooses which ones to pursue and which ones to pass on His investment checklist - which is a really important part of the investment process. Timestamps: 1:32 - The incredibly story of how a checklist saved thousands of lives 5:52 - Mohnish Pabrai's investment process 10:32 - Mohnish Pabrai's investment checklist 15:44 - Takeaways from the episode Sources: https://www.hopkinsmedicine.org/news/media/releases/three_years_out_safety_checklist_continues_to_keep_hospital_infections_in_check https://www.youtube.com/watch?v=S2x2yofovCM&ab_channel=TheHealthcareChannel https://www.youtube.com/watch?v=963Mg7TYMH0&ab_channel=TEDxTalks https://www.forbes.com/sites/investor/2017/08/14/build-an-investment-checklist-using-buffetts-investment-criteria/?sh=4432f876bdce https://www.eaglepointcap.com/blog/charlie-mungers-investment-checklist https://www.youtube.com/watch?v=bSG8eb71Sps&ab_channel=YAPSS Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

In investing it's really important to separate out luck vs skill. Luck is fleeting, but skill is where investors can get better investment performance over time. Michael Mauboussin wrote a great book on the topic called “The Success Equation”. In this week's episode we cover a few takeaways from the book and we discuss how investors can shift from relying on luck to using skill. We also discuss the importance of having good decision-making, and that bad results don't always mean a flawed decision-making process. Sources: https://www.amazon.com/Success-Equation-Untangling-Business-Investing/dp/1470346729 https://www.youtube.com/watch?v=TLQ6o_Jx0Rs&ab_channel=CreditSuisse https://www.youtube.com/watch?v=wVUn62rHMz8&ab_channel=WealthTrack https://25iq.com/2016/10/01/a-dozen-things-you-can-learn-by-reading-the-success-equation-by-michael-mauboussin/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Human beings have lots of “mental blind spots” that make successful investing hard. Dan Ariely wrote about a bunch of these in his book “Predictably Irrational”. There's lots of great info in the book that shows you how these blind spots work. In this episode, We'll explore two of these blind spots: Endowment Effect Arbitrary Coherence The Endowment Effect causes people to fall in love with the things they own ...and if you fall in love with an investment, it's hard to be rational about it. Arbitrary Coherence is all about how prices become "sticky" in your brain. That can cause you to start thinking that something is a good deal when it really isn't. Those concepts might seem a bit fuzzy, but in the episode, we explore them in depth with lots of stories and examples. Check out the episode to learn about how they work, and tips on avoiding their subconscious influence. Sources: https://www.amazon.com/Predictably-Irrational-Revised-Expanded-Decisions-ebook/dp/B002C949KE Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Someone asked Warren Buffett about the best money advice that Warren has ever received. Warren's answer was ‘Chapters 8 and 20 of the Intelligent Investor'. When an investment GOAT says something so specific, I take note! In this episode, I've dusted off my copy of the classic investment book to share those lessons with you. The lessons come down to: 1. Having a proper attitude toward markets 2. Looking at stocks as businesses 3. Operating with a margin of safety Check out this episode for a breakdown of each of those key investment lessons. Sources: The Intelligent Investor by Ben Graham: https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661 https://www.forbes.com/sites/schifrin/2013/06/05/two-book-chapters-that-changed-warren-buffetts-life/?sh=7a1fdb2869d3 https://www.intelligentinvestor.com.au/investment-news/the-secrets-of-chapters-8-and-20/54219 Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

If you haven't heard of him, Masa is a tech super-investor. He has an incredible story where his burning desire to succeed led him to: Finish high school in 2 weeks Sell an invention for $1 million while he was an undergrad student Start his own company (Softbank) that would become a Japanese tech behemoth Invest in Alibaba 20+ yrs ago for a total return of 7,500x or 750,000% (wow!) In this episode we cover this amazing story and we also discuss the key takeaways from his success. Sources: https://www.wsj.com/articles/SB948202996877749173 https://www.youtube.com/watch?v=Sa2_VBu0d7k&ab_channel=DavidRubenstein https://hbr.org/1992/01/japanese-style-entrepreneurship-an-interview-with-softbanks-ceo-masayoshi-son https://www.japantimes.co.jp/news/2020/06/25/business/corporate-business/softbank-masayoshi-son-alibaba-jack-ma/ http://content.time.com/time/world/article/0,8599,2054856,00.html https://ejournal.aibpm.org/index.php/JCDA/article/download/342/345 Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

The Medallion Fund is the best performing fund in investing history. It has averaged over 66% before fee average returns since inception! Wowza! In this episode we cover the story of how Jim Simons started the Renaissance Technologies hedge fund in the late 70's, and how they've achieved such amazing investment success through their Medallion Fund. Check out this episode to learn about the story of Renaissance Technologies, as well as some details on how they've achieved these jaw-dropping results. Whitepaper: https://www.cornell-capital.com/blog/2020/02/medallion-fund-the-ultimate-counterexample.html Sources: https://www.youtube.com/watch?v=VjuL1TH_cWY&ab_channel=TheCompound https://www.youtube.com/watch?v=hvUyuo53kQQ&t=112s&ab_channel=BenFelix https://www.youtube.com/watch?v=BwT4dJ6y-2k&ab_channel=WarrenBuffettSuccess https://www.youtube.com/watch?v=IZeo-Vj4dco&ab_channel=WallStreetTalks https://www.institutionalinvestor.com/article/b1rgwjlwfqccst/The-Medallion-Fund-Is-Still-Outperforming-Other-Renaissance-Funds-Still-Aren-t https://www.youtube.com/watch?v=U5kIdtMJGc8&t=35s&ab_channel=TED Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Short selling has been in the news a lot lately. Lots of big name hedge funds are feeling the heat form short selling "meme stocks". In this episode we look into the story of when David Einhorn (of Greenlight Capital) shorted Allied Capital. This is a crazy story that includes a PR smear campaign, stolen phone records and David's wife getting fired from her job. Wowza! It's a wild tale! Check out this episode to learn what happened, and some key lessons from the whole ordeal. Sources: https://www.amazon.ca/Fooling-Some-People-All-Time/dp/B071VQDGVH/ref=sr_1_2?dchild=1&keywords=fooling+some+of+the+people&qid=1625423794&sr=8-2 https://seekingalpha.com/article/195825-ares-buys-allied-capital-whats-next https://www.fool.com/investing/general/2015/03/26/allied-capital-5-years-after-its-downfall.aspx https://www.cfainstitute.org/en/research/financial-analysts-journal/2009/fooling-some-of-the-people-all-of-the-time Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

George Soros is known as the guy who broke the bank of England. He made over a billion dollars from his famous trade! Wowza! Check out this episode to learn how he did it. We also cover why currency trading is an incredibly hard way to make money. Sources: https://www.forbes.com/sites/steveschaefer/2015/07/07/forbes-flashback-george-soros-british-pound-euro-ecb/?sh=433eb21b6131 https://en.wikipedia.org/wiki/Black_Wednesday https://www.investopedia.com/terms/b/black-wednesday.asp https://opentextbc.ca/principlesofeconomics/chapter/29-2-demand-and-supply-shifts-in-foreign-exchange-markets/ https://www.investopedia.com/ask/answers/022415/how-does-inflation-affect-exchange-rate-between-two-nations.asp https://www.theguardian.com/business/2012/sep/13/black-wednesday-20-years-pound-erm https://www.independent.co.uk/news/wednesday-16-september-1992-5386567.html Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

On this show we've talked a lot about Warren Buffett's investment successes. In this episode I'm doing something a little different - we'll discuss his biggest investment blunder. This episode covers the story of the Dexter Shoe purchase. Buffett had high hopes and the investment seemed to be paying off ...before disaster struck. Check out the episode for the full story and key takeaways from it. Sources: https://markets.businessinsider.com/news/stocks/warren-buffett-most-gruesome-mistake-dexter-shoe-9-billion-error-2020-1-1028827359 https://www.berkshirehathaway.com/letters/1993.html https://www.berkshirehathaway.com/letters/2000pdf.pdf https://www.berkshirehathaway.com/letters/2014ltr.pdf https://www.berkshirehathaway.com/letters/2007ltr.pdf https://www.berkshirehathaway.com/letters/2015ltr.pdf https://www.berkshirehathaway.com/letters/2002pdf.pdf https://www.berkshirehathaway.com/letters/2001pdf.pdf https://www.npr.org/2018/07/26/632848414/when-oracles-err https://www.celebritynetworth.com/articles/entertainment-articles/harold-alfond-turned-1000-3-5-billion-worth-warren-buffetts-berkshire-hathaway-stock/ https://www.nextgenforme.com/grants-for-maine-residents/alfond-grant/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

In this episode we'll dive into a story about how Mohnish Pabrai made a 55%+ return on his Frontline investment (in a few months!). The story takes place in the early 2000's, but there's some great timeless lessons to learn from Mohnish's approach. By the way, in case you're wondering, Frontline is a company that transports crude oil around the world using massive ships. We'll go over how Mohnish used a mental model to figure out this was a good opportunity, and we cover the importance of having a circle of competence in investing. Sources: https://www.youtube.com/watch?v=XNtWcAag9as&ab_channel=MohnishPabrai https://www.morningstar.in/posts/38503/2/mohnish-pabrai-how-to-profit-from-uncertainty.aspx Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

The late 60's and early 70's were the "go-go" years on Wall Street. You had a massive boom in the number of young people joining the investment industry, and there was a group of 50 companies called the Nifty Fifty. These were supposed to be "one decision companies" that you could buy at any price and still get rich. The logic was that their amazing earnings growth would make up for their high price... Well, it didn't quite turn out like that. Check out this episode for the lessons from their boom and bust. We'll also take a look at Jeremy Siegel's research on their Nifty Fifty (which might shock you!) Sources: https://www.investopedia.com/terms/n/niftyfifty.asp https://www.cnbc.com/2018/11/28/lessons-from-the-nifty-fifty-in-the-1970s-could-be-applied-to-fang.html https://www.stewartinvestors.com/all/insights/stap/nifty-fifty.html https://medium.com/@equityschool/nifty-fifty-stock-bubble-of-the-seventies-is-there-a-similarity-with-today-s-market-34b19d7a4cff https://www.oaktreecapital.com/docs/default-source/memos/something-of-value.pdf https://awealthofcommonsense.com/2020/07/the-nifty-fifty-and-the-old-normal/ http://csinvesting.org/wp-content/uploads/2015/03/valuing-growth-stocks-revisiting-the-nifty-fifty.pdf https://www.cnbc.com/2017/05/26/were-not-in-the-danger-zone-for-overheating-says-longtime-stock-bull-jeremy-siegel.html Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.