Podcast appearances and mentions of Charlie Munger

In this episode of 15 Minutes of Finance, James breaks down the three core factors of investing: risk, reward, and volatility, and how they shape every financial decision. Drawing on a classic Charlie Munger insight about buying wonderful companies at fair prices, James explains why disciplined investing doesn't have to be complicated. You'll also hear why everyday investors can manage their own portfolios if they commit to truly understanding what they own and why they own.

Financial legend Charlie Munger praised William Green's “Richer, Wiser, Happier” as “one of the best investment books ever written.” In it, Green distills the shared qualities of more than 40 great investors he has interviewed over the years.

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Find me on Substack: https://bogumilbaranowski.substack.com/Kevin Koharki is an MBA, PhD, founder of CAE Consulting, and associate professor who has spent 20 years analyzing hundreds of firms and uniquely advocates that every employee—not just executives—should understand how their daily decisions impact capital allocation and long-term value creation.3:00 - Childhood influence: Depression-era grandmother shaped Kevin's views on hard work, discipline, and saving money through close relationship and shared activities6:00 - Career origin story: 1999 discovery of "Rich Dad, Poor Dad" led to Peter Lynch's "One Up on Wall Street" - describes it as "getting hit by lightning," sparking lifelong investing passion9:00 - Teaching philosophy: Drops real 10Ks on students' desks, believes in learning by doing rather than textbooks - "if you want to learn how to hit a curveball, you have to step in the batter's box"12:00 - Personal finance reality check: Most people don't budget despite it being "second, third grade math" - grandmother's "got cable?" test for true money problems15:00 - Capital allocation breakthrough: 2022 Vegas flight rereading Buffett letters when everything "clicked" - realized employees need training on how their roles impact CEO decisions18:00 - Defense contractor story: 71 years of collective family experience, never understood job's true financial impact until Kevin's training21:00 - Common misconception: Analysts focus only on dividends, debt paydown, buybacks - "it doesn't start there, it starts with revenue"25:00 - Concentration philosophy: Charlie Munger's "three investments in your lifetime" - finding businesses that can reinvest at high rates indefinitely30:00 - Financial statement analysis: Shocking number of investors not making proper adjustments for leases, pensions, stock-based compensation35:00 - Stock-based compensation deep dive: Spent three years figuring out what Buffett/Munger meant by "true cost" - most CFOs don't understand until receiving it themselves40:00 - Double-hit problem: Stock-based comp hits earnings twice (expense + dilution) while actual cash impact appears in financing, not operations45:00 - Tech sector impact: Free cash flow can be 30-40% lower than reported due to improper stock-based comp accounting50:00 - Cultural change requirement: Capital allocation mindset shifts take years, require constant reinforcement like diet changes55:00 - Employee education gap: HR can't explain stock plans due to licensing restrictions, employees receive lawyer-written documents they can't understand60:00 - Success definition: Making people better investors or employees who understand their financial impact - "help them understand the why"Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Most investors think the biggest danger comes from recessions, inflation, or the Fed. But Chris Davis, a $20B fund manager mentored by Warren Buffett and Charlie Munger, says the real threat is closer to home: your own behavior.In this episode, we break down why emotions sabotage returns, how to build the patience to outlast bubbles and crashes, and the timeless principles of value investing that have guided the Davis family for three generations.You'll learn:Why all real investing is value investing and everything else is gambling.The difference between growth, value, and dangerous momentum bets.How to protect your wealth from yourself by building discipline and systems.Lessons from Buffett and Munger on patience, resilience, and compounding.Whether you're a seasoned trader or just starting out, this episode will change how you think about risk and show you why mastering behavior is the ultimate edge.Want to support Global Value? https://www.interactivebrokers.com/mkt/?src=gvp1&url=%2Fen%2Fwhyib%2Foverview.phphttps://www.patreon.com/GlobalValueThank you for watching. ❤️ Please support the channel by checking out our affiliates. All commissions are reinvested to improve the quality of videos!- TIKR is the website I use for financial data in my videos. Join me and 250,000+ investors worldwide by using TIKR in your investment analysis. Referral link - https://www.tikr.com/globalvalue- Check out Seeking Alpha Premium and score an exclusive 20% off plus a free 7 day trial! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/- Try Sharesight https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!)

Isaac Medeiros is the Founder of Mini Katana and Kanpai Foods.Isaac's content gets over 1 billion views per month. Our conversation gets into content strategy from a high level down to tactical decisions, differences between the TikTok and YouTube algorithms, and how AI will impact content creation.We also get into Isaac's origin story building consumer brands, why TikTok made food an interesting category for new products, how to get a product into retail stores, and why you shouldn't sell into retail.Isaac also shares how tariff's impacted his company. They became unprofitable overnight, and he had to move his entire supply chain from the US to Mexico in 60 days.Thank you to Sean Frank @ Ridge and Kevin Espiritu @ Epic Gardening for their help brainstorming topics for Isaac.Special thanks to Ramp for supporting this episode. It's the corporate card and expense management platform used by over 40,000 companies, like Shopify, CBRE and Stripe. Time is money. Save both with Ramp. Get $250 for signing-up here.Timestamps:(3:46) 165 million views in two days(5:15) Followers don't matter, build a binge bank(11:21) How to monetize an audience(14:36) Identify outliers for content ideas(17:13) Should founders make their own content?(19:34) Starting Mini Katana(23:39) $10m revenue in two years w/ $0 CAC(25:56) Difference between TikTok and YouTube algorithms(29:38) When to experiment with a second platform(32:20) Starting Kanpai, a freeze-dried candy company(36:54) Why freeze-dried candy wasn't popular(38:22) Why you shouldn't sell in retail(41:12) Why you should sell in retail(47:05) Downsides of selling to large retailers(49:52) Should CPG brands raise money?(57:59) Moving manufacturing from US to Mexico in 60 days due to tariffs(1:04:20) Why you don't want to be first in a category(1:08:06) Other CPG creators Isaac follows(1:09:15) Elon Musk, Charlie Munger, Mark Cuban(1:11:55) Labubu'sReferencedMini KatanaKanpai FoodsPrevious episode with Kevin EspirituPrevious episode with Sean FrankPeachy BabiesThe Marshmellow CoFollow IsaacTwitterLinkedInFollow TurnerTwitter: LinkedIn: Subscribe to my newsletter to get every episode + the transcript in your inbox every week.

Want more contracting insight to see how your team compares? SpotDraft recently launched their 2025 Contracting Efficiency Report! Download the report: https://hubs.la/Q03DNYkH0In this episode of The Abstract, Tyler Finn sits down with Rohit Kumar, former SVP and General Counsel at Ola and a seasoned in-house leader. Rohit reflects on his journey from corporate law firms to building scalable, tech-driven legal teams in high-growth companies. He shares insights on embracing legal technology early, managing global litigation, navigating regulatory challenges, and shaping team culture. From career pivots inspired by Charlie Munger to implementing CLM solutions ahead of the pandemic, Rohit's story is a masterclass in reinvention, resilience, and leadership in the evolving legal landscape.Read detailed transcript: https://www.spotdraft.com/podcast/episode-111 Topics Introduction 00:00Rohit's early career journey: choosing law and working across India and international firms 02:04Moving from law firm life to in-house: time, control, and motivation 04:40Adapting to in-house culture, stakeholder management, and leadership mindset 06:47Early adoption of legal tech and compliance solutions at UPL 10:09Pandemic-driven adoption of CLM and collaboration tools 15:21Transitioning from traditional enterprises to founder-led tech companies and scaling Ola's legal team 19:50Leadership evolution: building teams, specialized roles, and creating a strong culture 22:58High-stakes legal challenges: managing litigation and settlement strategy in Ola's UK class action case 30:28Regulatory complexities: two-wheeler taxis and navigating government pushback in India 37:20Contracting efficiency: blockers to CLM adoption, improving processes, and scaling efficiency 42:37Rapid-fire Questions 48:13 Connect with us: Rohit Kumar - https://www.linkedin.com/in/rohit-kumar-5153715/?originalSubdomain=in Tyler Finn - https://www.linkedin.com/in/tylerhfinn SpotDraft - https://www.linkedin.com/company/spotdraft SpotDraft is a leading contract lifecycle management platform that solves your end-to-end contract management issues. Visit https://www.spotdraft.com to learn more.

(0:00) Intro(1:31) About the podcast sponsor: The American College of Governance Counsel(2:18) Start of interview. *Reference to E36 (June 2021) for personal/professional background, and E90 (March 2023)(3:13) Celebrating 25 Years of the Weinberg Center(3:47) Uncovering John Weinberg's 1948 Thesis. Details for the Symposium at the Weinberg Center on Oct 9, 2025.(6:12) The role of boards and directors from a historical perspective. *Reference to Gilson and Gordon's article on Boards 3.0.(8:17) The contribution of the Weinbergs to corporate governance: Sydney led Goldman Sachs from 1930 to 1969,  and John led GS from 1976-1990.(14:04) The Relevance of Historical Governance Debates. *Reference to the Startup Litigation Digest.(16:53) Delaware's current corporate law challenges: charter competition with Nevada, Texas, and other states (and Fed Govt).(24:35) The Impact of Delaware's SB 21 Legislation. *Reference to a16z's statement on leaving DE (and Larry's take on it). Reference to Delaware's SB 313 partially in response to the Moelis decision (on validity of stockholder agreements).(33:10) On Delaware's DExit: "I barely see a trickle, let alone a flood."(39:27) The Future of Delaware's Corporate Landscape(44:17) Remembering Charlie Munger's Influence(45:56) Warren Buffett's contribution to governance and the future of Berkshire Hathaway(48:22) Goals for the Weinberg Center's Future(49:55) The Evolving Role of Corporate Directors. "[B]oards of directors are here to oversee, not to be experts, to ask discerning questions, to press, to query, but not to micromanage or get in the way." "Nose in, fingers out" attributed to John Nash, founder of NACD.Larry Cunningham is the Director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, and a leading scholar, author, and advisor on corporate governance and board matters.   You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

In this episode, William Green chats with Robert Hagstrom, Chief Investment Officer & Senior Portfolio Manager at Equity Compass. Robert is the author of a classic book, “The Warren Buffett Way,” which lays out the principles that made Buffett the greatest investor of all. Here, Robert shares life-changing lessons he learned from Buffett & two other icons: Charlie Munger & Bill Miller. He also explains why a focused, low-turnover portfolio is a brilliant but difficult strategy. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 04:39 - How Robert Hagstrom became a multidisciplinary thinker. 08:09 - How to think better & invest better by tuning out the noise. 26:01 - What mistake Warren Buffett made most frequently. 35:30 - Why AI falls short when it comes to investment decisions. 35:30 - Why Nvidia is Robert's biggest holding. 01:04:49 - How Miller endured & recovered from a devastating mistake. 01:14:43 - What insights led Bill Miller to make billions in Amazon & Bitcoin. 01:32:04 - Why it's smart but really hard to own a concentrated portfolio. 01:34:29 - Why Robert views Modern Portfolio Theory with disdain. 01:42:23 - What advice Robert received from investing giant Bill Ruane. 01:48:06 - Why you should be deeply wary of investing in private equity. 02:04:04 - What life lesson Robert has learned from Buffett. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠here⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Robert Hagstrom's investment firm, Equity Compass Investment Management. Robert Hagstrom's books: The Warren Buffett Way, The Warren Buffett Portfolio, Investing: The Last Liberal Art. Mortimer Adler's How to Read a Book. Louis Menand's The Metaphysical Club. William Green's podcast interview with Bill Miller. William Green's podcast interview with Bill Nygren. William Green's book, “Richer, Wiser, Happier” – ⁠⁠read the reviews of this book⁠⁠. Follow William Green on ⁠⁠⁠⁠X⁠⁠⁠⁠. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠here⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠. 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. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠. SPONSORSSupport our free podcast by supporting our sponsors: SimpleMining HardBlock AnchorWatch Human Rights Foundation Cape Unchained Vanta Shopify Onramp Abundant Mines HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠rating and review⁠⁠⁠⁠ on ⁠⁠⁠⁠Spotify⁠⁠⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! ⁠⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠⁠⁠ Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Correction: One of Charlie Munger’s earliest jobs was as a weather forecaster, not as an Air Traffic Controller as mentioned in the reminder. Auto-generated transcript: In the name of Allah, the Most Gracious, the Most Merciful. All praise is due to Allah, the Lord of the worlds, and peace and blessings be upon the honour… Continue reading Invert, always invert

Our guest, Paul Moore, is the Founder of Wellings Capital. After a brief “retirement” in his early 30s, Paul began investing in real estate in 1999 to protect and grow his own wealth. He completed over 85 real estate investments and exits, appeared on HGTV's House Hunters, rehabbed and managed dozens of rental properties, and developed a subdivision. After completing three successful real estate developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project, Paul narrowed his focus to commercial real estate in 2011. Paul is married with four children and lives in Central Virginia.EPISODE INSIGHTS:[00:00-03:55] Investing vs. Speculating: The Real Deal[03:56-07:00] Why Cash Flow is King[07:01-10:00] Real Estate's Hidden Gems[10:01-13:00] The Mobile Home Park Gold Rush[13:01-16:00] Boring Investments, Big Wins[16:01-25:00] FOMO to JOMO: The Joy of Missing Out[25:01-28:00] Timing and Tech: The Luck Factor[28:01-31:00] Fighting Human Trafficking with Profits[31:01-35:00] Inspiration from a Hero: William WilberforceSpecial Mentions:Warren Buffett, Charlie Munger, William Wilberforce, Jesse Livermore, Elon MuskAIM (aimfree.org), Wellings CapitalPaul's gift to you: https://www.wellingscapital.com/resourcesAny questions?*** Start taking action right NOW!

Welcome back to America's #1 Daily Podcast,  featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris?  Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. ******************* 2025's Real Estate Rollercoaster: Dodge the Career-Killers with THIS Mastermind!

Ryan Petersen is the founder and CEO of Flexport, the platform that coordinates global logistics from factory floor to customer door. In this conversation, he's refreshingly transparent about the mistakes and painful lessons he's learned building several companies.  He opens up about stepping down as CEO, his struggles with self-confidence, and what happened when he was forced to step in and save his own company.Along the way, we explore why micromanagement might be the secret to better leadership, how Trump-era tariffs reveal the hidden complexity of global trade, and what it takes to scale a company without losing control. There are stories and lessons here you won't find anywhere else, from a data leak that triggered a call from Steve Jobs to flying 500 million masks into the U.S. during a global shutdown.  Thanks to our sponsors for this episode: SHOPIFY: Sign up for your one-dollar-per-month trial period at www.shopify.com/knowledgeproject Basecamp: Stop struggling, start making progress. Get somewhere with Basecamp. Sign up free at www.basecamp.com/knowledgeproject ReMarkable for sponsoring this episode. Get your paper tablet at ⁠reMarkable.com⁠ today Approximate Timestamps: (2:49) Early Life   (4:58) First “Start Up”   (5:38) Living Abroad in China   (10:19) Y Combinator   (11:13) Steve Jobs & the iPhone 3G Launch   (13:41) Lessons from Import Genius   (22:33) Lessons from Paul Graham, Billionaire Investor   (25:31) Flexport Early Days   (36:08) COVID-Era Flexport   (40:06) COVID-Era Flexport – Continued   (44:09) Hiring Flexport's First COO   (47:02) Stepping Down as CEO of Flexport   (51:07) Cutting Cost & Improving Quality   (53:57) Lessons from Other CEOs   (57:05) How to Hire the Best Employees   (59:31) Paul Graham's Closed-Door Talk   (1:03:21) The Value of a 6-Page Monthly Business Review   (1:06:57) Why Do Tariffs Matter?  (1:09:52) Tricks for Dealing with Tariffs   (1:15:43) Other Creative Strategies for Tariffs   (1:21:30) Dealing with Operational Bottlenecks   (1:27:41) Lessons from Charlie Munger (1:30:12) Lessons from Peter Kaufman   (1:37:50) What Is Success for You? Upgrade—If you want to hear my thoughts and reflections at the end of all episodes, join our membership: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and get your own private feed. Newsletter—The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at ⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/newsletter⁠⁠⁠⁠⁠ Follow me on X at: ⁠⁠⁠⁠⁠x.com/ShaneAParrish Learn more about your ad choices. Visit megaphone.fm/adchoices

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/]Today's guest: Monsoon Pabrai is the managing partner of Drew Investment Management, who combines generational wisdom from legendary investors like her father, Mohnish Pabrai, Charlie Munger, and Guy Spier, with her own distinctive approach to global value investing, particularly in India's emerging markets.EPISODE NOTES3:00 - Childhood shaped by entrepreneurship over money talk; Chipotle visits became business lessons on cost optimization and operational efficiency6:00 - At age 12, attended legendary Warren Buffett lunch with Guy Spier; Buffett's advice: "most important decision is who you marry"9:00 - Learning temperament from father during 9+ years without collecting fees; "I've never seen him have a bad day at all"12:00 - KEY INSIGHT: American Express COVID opportunity - when travel stopped, 60 cents per dollar usually spent on customer retention became massive float for capital allocation15:00 - March 2020 market crash: colleagues broke emotionally, sold at bottom despite decades of experience18:00 - Guy Spier as "uncle figure" - long-term compounder philosophy of buying quality and never selling27:00 - Investment process: random idea generation through travel, conferences, Value Line screening, then rigorous 4-part analysis framework35:00 - Four investment criteria: 1) Good business quality 2) Margin of safety 3) Capital allocation 4) Alignment of interests (crucial for emerging markets)42:00 - AI revolution transforming research speed: "NotebookLM can read a 10K faster than me"47:00 - India investing: 60-70% of 3,000+ listed companies "untouchable" due to fraud risk, but incredible opportunities exist with proper network53:00 - Dakshana foundation: educating underprivileged students for IIT entrance (1.3% acceptance rate); "most motivating people I've ever met"Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

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On today's episode, Kyle Grieve discusses Charlie Munger's legendary speech, The Psychology of Human Misjudgment, and unpacks all 25 of his cognitive biases that often lead even the most intelligent people to make poor decisions. Drawing from Poor Charlie's Almanack, Kyle explores how these psychological tendencies—like incentive-caused bias, social proof, and inconsistency avoidance—can distort our thinking in business, investing, and everyday life. He blends Munger's timeless wisdom with real-world investing examples, personal experiences, and practical strategies to help listeners make better, more rational decisions. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 03:02 - Why incentives quietly override moral behavior. 06:32 - Why liking and disliking an investing thesis can distort reality. 09:54 - Why doubt avoidance cause investors to take significant risks in things like IPOs. 12:07 - How inconsistency avoidance causes a lazy creep into our thinking processes. 24:38 - How to avoid the destructive effects of reciprocation. 32:49 - The dangers of overestimating our abilities. 37:44 - Why jumping off a sinking ship beats trying to patch it up. 45:58 - Why contrasting stock prices in exuberant markets evaporates margins of safety. 59:41 - Why investors should choose simplicity > complexity. 01:01:43 - Why you should search for Lollapalooza effects in business. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy a copy of Poor Charlie's Almanack here. Read about Charlie's Psychology of Human Misjudgement here. Watch Charlie's presentation on The Psychology of Human Misjudgement here. Follow Kyle on X and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. 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. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠sponsors⁠⁠: ⁠SimpleMining⁠ ⁠Hardblock⁠ ⁠AnchorWatch⁠ ⁠Onramp⁠ ⁠Human Rights Foundation⁠ ⁠Unchained⁠ ⁠Intuit⁠ ⁠Shopify⁠ ⁠Vanta⁠ ⁠reMarkable HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠rating and review⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!⁠⁠⁠⁠⁠ Support our show by becoming a premium member! ⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Go to www.LearningLeader.com for full show notes The Learning Leader Show with Ryan Hawk This is brought to you by Insight Global. If you need to hire 1 person, hire a team of people, or transform your business through Talent or Technical Services, Insight Global's team of 30,000 people around the world have the hustle and grit to deliver. www.InsightGlobal.com/LearningLeader Ryan Petersen is the founder and CEO of Flexport, a technology-driven global logistics company. He's a leading voice in supply chain innovation and has been at the forefront of solving major trade and shipping challenges worldwide. Notes: “Arrogance is its own form of stupidity.” The Tweetstorm That Saved Christmas: Ryan shares the now-legendary story of how he rented a boat, brought tacos, and took another high-powered CEO with him to tour the Port of Long Beach during the supply chain crisis. His viral Twitter thread sparked immediate action, California Governor Gavin Newsom called within hours, and the policy changed shortly after. A masterclass in “doing the thing.” Frontline Obsession & Gemba Walks: Why Ryan frequently travels the world (visiting 19 countries last year) to meet employees and customers. He explains the power of Gemba walks, being physically present on the frontlines, and how it shapes his leadership. How He Runs Flexport: Ryan's leadership playbook includes: Managing through writing. Every one of his 26 teams writes a six-page memo monthly, followed by deep conversations. Daily conversations with 30-40 employees to stay connected. Living Flexport's values: Empower Clients, Play the Long Game, Act Like an Entrepreneur, Commit to the Vision, Ask Why 5 Times. Leadership & Decision-Making: He shares his “must-haves” for hiring leaders: Relentless Work Ethic Intellectual Curiosity Humility (“Even wise people are wrong 30% of the time.”) Reliability Charisma Lessons from Mentors: Ryan talks about advice from Paul Graham (Y Combinator) and Brian Chesky (Airbnb), including how gathering your top leaders in person sparks innovation and alignment. Hard Decisions & Mistakes: He candidly discusses Flexport's CEO transition gone wrong, hiring Dave Clark from Amazon, and what he learned from that difficult chapter. Personal Growth & Life Philosophy: Ryan shares his approach to lifelong learning, inspired by Charlie Munger and René Girard. He emphasizes reading widely, asking questions, and choosing role models wisely. "We're all imitative people. Choose your role models wisely." “We're making global trade as simple and reliable as flipping a light switch.” “Even wise people are wrong 30% of the time. You must stay humble.”

This is the audio from a YouTube video: Discover 6 undervalued dividend stocks with exceptional returns on capital between 24% and 34%. As Charlie Munger explained, it's hard for a stock to outperform the underlying business, so why not invest in companies that are crushing it with their capital efficiency? In this video, I'll break down Ross Stores, Donaldson Company, Zoetis, Alphabet, MSCI, and A.O. Smith using Simply Safe Dividends data. Three of these are Dividend Aristocrats with decades of proven dividend growth, while others offer exciting growth potential. From off-price retail to animal health to tech giants, these quality companies span multiple sectors while maintaining strong dividend policies and low payout ratios. Perfect for dividend investors seeking both income and long-term growth potential. Remember, past performance doesn't predict the future, but these businesses know how to generate serious returns on shareholder capital. ... You can find the video ⁠HERE⁠.Timestamps:00:00 Intro06:34 A.O. Smith (AOS)12:27 Donaldson Co. (DCI)15:57 Alphabet (GOOGL)19.50 Ross Stores (ROST)24:01 MSCI (MSCI)28:39 Zoetis (ZTS)Email Russ:

En este episodio charlo con Pedro Escudero, promesa del tenis y hoy CEO de DOMA Perpetual Capital Management. Repasamos su viaje desde las pistas hasta Wall Street, donde vivió el 11-S y la crisis de 2008 en empresas como Lehman, JP Morgan, Deutsche Bank y Citigroup. Las enseñanzas de Charlie Munger han moldeado su filosofía, buscando minimizar errores no forzados y vigilar e invertir en un numero limitado de empresas extraordinarias. Una conversación apasionante sobre carácter, disciplina y la importancia de una mentalidad de largo plazo.- Descubre MyPortfolio, la nueva herramienta de gestión de carteras de Rankia aquí: http://myportfolio.rankia.com/- Si estás buscando hipoteca o cambiar la que tienes, en Rankia Hipotecas te asesoramos de forma gratuita: https://www.rankia.com/hipotecasTEMAS00:00:00 - Introducción00:01:45 - De tenista profesional a trabajar en Wall Street00:08:40 - El mapa hacia la independencia financiera00:11:07 - Disciplina y sacrificio extremo en la universidad00:19:52 - La "maldición" de los deportistas de élite y ganadores de lotería00:24:41 - El relato en primera persona del 11-S00:32:16 - La pasión como motor más allá del dinero00:34:57 - La felicidad, la familia y el legado00:40:15 - El secreto del éxito: "Focus"00:46:33 - Charlie Munger como referente00:57:47 - Trayectoria en Wall Street: Lehman, City y JP Morgan01:02:08 - La crisis de 2008: ¿Se veía venir?01:14:15 - La decisión de montar su propio fondo de inversión01:30:25 - El reto de levantar capital: 99 "no" para un "sí"01:42:36 - Anticipar grandes riesgos: La pandemia de 2020 y la subida de tipos de 202201:47:00 - Estrategia de inversión: Macro y micro01:53:40 - Lo que está barato hoy01:59:00 - Riesgo sistémico y riesgo moral02:14:00 - Cómo selecciona empresas invertibles02:25:52 - La importancia de la concentración en la cartera02:30:35 - Las barreras de entrada en comercialización de fondos de inversión02:40:11 - Encontrar oportunidades de inversión02:46:00 - Cartera personal02:55:15 - Lecturas recomendadas 02:59:35 - La importancia de saberse vender03:01:25 - Humildad y devolver a la sociedad para crear nuevas oportunidadesMás info con enlaces a los contenidos comentados en mi blog en Rankia:https://www.rankia.com/blog/such/6893052-104-tenis-elite-financiera-pedro-escudero

Go to www.LearningLeader.com for full show notes The Learning Leader Show with Ryan Hawk This is brought to you by Insight Global. If you need to hire 1 person, hire a team of people, or transform your business through Talent or Technical Services, Insight Global's team of 30,000 people around the world have the hustle and grit to deliver. Go to www.InsightGlobal.com/LearningLeader Guest: Blaine Anderson is a dating coach and matchmaker. She's helped more than 3,000 happy clients attract and build long-term relationships. Her work has been featured in the New York Times, the Wall Street Journal, Forbes, and she earned a deal with Mark Cuban on Shark Tank. Notes: Someone asked Charlie Munger… How do I get a great wife? Deserve one. The best way to find a good spouse is to deserve one, he often said. In business, this translates to working hard and behaving with integrity consistently over time. “To get what you want, you have to deserve what you want.” What is the #1 reason you don't get a second date? You talk about yourself too much.  When you go out to eat with someone, what percentage of the time are you talking? Aim to talk 30% and listen 70%. The reason we don't get the second date or the follow-up meeting with the prospect is because we are talking too much. Pull conversational threads: Avoid rapid-fire questioning by following up on answers with related questions. Share brief personal connections to create dialogue rather than interrogation. "You want to pull the conversational thread... ask a follow-up question about that same thing. That's where you can start having a conversation." Marketing your trajectory matters: People want to know you're going places. Share your goals, dreams, and aspirations authentically to demonstrate upward momentum. "You want to find the balance of sharing things about yourself that indicate you are on an upward trajectory... from a place of getting to know one another." Nice guys need boundaries: Being overly accommodating to people you barely know signals weakness. Hold boundaries and don't put others before yourself too quickly. "The general problem with the nice guy is he's putting other people before himself, including people he doesn't know very well." Confidence must be genuine: Authentic confidence comes from actually becoming confident through mastery, not just faking body language. Get genuinely good at something. "You have to become that... get really good at something... picking something in your life and getting really good at it is gonna help you build confidence." Don't rush to the close: Whether in dating or sales, focus on building connection and trust before asking for commitment. The close is the period at the end of a long sentence. "If you approach a woman or you approach a deal and you're just trying to get to the final step... you're going to rush through a lot of the important and essential steps." High-value people are in demand: Present yourself as someone others want to be around. People are naturally drawn to those who appear sought-after by others. "We want the thing that's in demand. We want the thing that other humans recognize as high value." Genuine curiosity creates connection: Being authentically interested in others' experiences is a powerful form of respect and love. Ask questions that take conversations deeper. "Your underlying emotion is important... becoming a genuinely curious person who is interested in meeting another human." Physical fitness affects confidence: Looking and feeling good about yourself impacts how you show up in every interaction. Invest in your physical health. "You gotta feel good about how you look... who wants to partner up with a slug? Nobody." "You should always be dating your partner, whether it's your first date, your 40th date, or you've been married for 40 years."' "The close is the period at the end of a very long sentence." "Deserve one." - Charlie Munger's advice on getting a great spouse Women want 3 things - social status, to be desired, flirty/fun… They want an optimist. If things aren't going well, look in the mirror. Take accountability. Her Twitter profile picture. Show the whites of your eyes. Smile. She has two tattoos. Omega is her middle name. Cactus for Tucson, AZ. How to build genuine confidence? Get good at something. Become an expert. Work really really hard. Be in great physical shape. It's hard to be confident if you don't like how you look. Sounds harsh, but it's true. Confidence comes from evidence. Create some evidence for youself by consistently working hard and getting great at something. That confidence will ooze out of you wherever you go. Shark Tank. Scary, anxious, nervous. Did a deal with Mark Cuban. Advice - If you're building a business, listen to what your customers want. What does your ideal client want? Build that.

In this episode, Clay shares the key principles behind his personal investment approach. His approach has been shaped by over a decade of experience and lessons from great investors like Charlie Munger, Nick Sleep, and Chris Mayer. He explains how he builds a portfolio focused on high-quality businesses and long-term compounding. It's a candid look at how he filters out the noise and plays the game on his own terms. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 03:19 - How Clay defines and pursues financial independence through investing. 05:22 - The lessons Clay learned from Charlie Munger, Nick Sleep, and Chris Mayer. 08:35 - How Clay constructs and thinks about his personal portfolio. 16:22 - Why great businesses often beat cheap stocks over the long run. 27:05 - What “sidecar investing” means and how to apply it. 58:08 - The importance of simplicity and ignoring market noise. 01:04:26 - Why patience may be the biggest edge in investing. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Richard Zechhauser's paper: Investing in the Unknown and Unknowable. Related Episode: TIP598: A Tribute to Charlie Munger. Related Episode: TIP492: The Best Investor You've Never Heard Of (Nick Sleep). Related Episode: TIP677: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder. Related Episode: TIP713: Why Serial Acquirers Outperform w/ Niklas Savas. Clay's podcast episode on Constellation Software. Clay's podcast episode on Topicus. Clay's podcast episode on Dino Polska. Clay's podcast episode on Booking Holdings. Clay's video on Lumine. Follow Clay on X and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. 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. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠sponsors⁠: SimpleMining⁠ ⁠AnchorWatch⁠ ⁠Human Rights Foundation⁠ ⁠Onramp⁠ ⁠Superhero Leadership⁠ ⁠Unchained⁠ ⁠Vanta⁠ ⁠Shopify HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠rating and review⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3200: Vitaliy Katsenelson challenges the simplistic notion that value investing is about buying only the cheapest stocks. Drawing on insights from Ben Graham, Charlie Munger, and Warren Buffett, he reveals that true value lies not just in low prices but in the blend of quality, growth, and sound judgment proving that a Motel 6 mindset won't build a Berkshire Hathaway-sized portfolio. Read along with the original article(s) here: https://contrarianedge.com/values-value-investing/ Quotes to ponder: "I thought value investors were supposed to like cheap stuff." "A $36-a-night room at Motel 6 by the airport, overrun by cockroaches and bedbugs and with questionable plumbing, may be statistically cheap, but it's not a bargain." "Charlie is not a ‘sidekick'! Charlie changed Buffett's investment philosophy. Sidekicks don't do that." Episode references: The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3200: Vitaliy Katsenelson challenges the simplistic notion that value investing is about buying only the cheapest stocks. Drawing on insights from Ben Graham, Charlie Munger, and Warren Buffett, he reveals that true value lies not just in low prices but in the blend of quality, growth, and sound judgment proving that a Motel 6 mindset won't build a Berkshire Hathaway-sized portfolio. Read along with the original article(s) here: https://contrarianedge.com/values-value-investing/ Quotes to ponder: "I thought value investors were supposed to like cheap stuff." "A $36-a-night room at Motel 6 by the airport, overrun by cockroaches and bedbugs and with questionable plumbing, may be statistically cheap, but it's not a bargain." "Charlie is not a ‘sidekick'! Charlie changed Buffett's investment philosophy. Sidekicks don't do that." Episode references: The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2025, Mohnish Pabrai manages over $798 million dollars invested in 5 stocks in his stock portfolio at Pabrai Funds. In this video, we're covering all of his biggest public holdings.Want to support Global Value? https://www.interactivebrokers.com/mkt/?src=gvp1&url=%2Fen%2Fwhyib%2Foverview.phphttps://www.patreon.com/GlobalValueMohnish Pabrai is the Investment Portfolio Manager of Pabrai Funds. He's a highly regarded valued investor who became personal friends with Charlie Munger after bidding for and winning a charity auction for lunch with Warren Buffett alongside fellow value investor, Guy Spier. Pabrai's portfolio is extremely concentrated and usually hidden - in fact, we can only see 4 holdings in the United States. Many people online think these are his only holdings, but they're wrong. Pabrai has at least one other international holding that's more secretive for US investors - although he's talked about it publicly in interviews. Watch Mohnish Pabrai's full interviews here:https://youtu.be/FFxUSADENrc?si=ZcWmXWzoc0I2kxoghttps://youtu.be/Kax8XnBU1ik?si=PlaW03NUd2lIUhFhhttps://youtu.be/EzMWPRx9-CY?si=anagrU4LmfZvNr6AThank you for watching. ❤️ Please support the channel by checking out our affiliates. All commissions are reinvested to improve the quality of videos!- TIKR is the website I use for financial data in my videos. Join me and 250,000+ investors worldwide by using TIKR in your investment analysis. Referral link - https://www.tikr.com/globalvalue- Check out Seeking Alpha Premium and score an exclusive 20% off plus a free 7 day trial! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/#mohnishpabrai #valueinvesting #valueinvestor #investing #stockmarket #investing2025 #stockmarket2025 #stockportfolio #mohnishpabraistocks #compounding #mohnishpabrai2025 #mohnishpabraistocks #pabriafunds #mohnishpabraiportfolio #mohnishpabraiportfolio2025 #mohnishpabraistocks2025

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3200: Vitaliy Katsenelson challenges the simplistic notion that value investing is about buying only the cheapest stocks. Drawing on insights from Ben Graham, Charlie Munger, and Warren Buffett, he reveals that true value lies not just in low prices but in the blend of quality, growth, and sound judgment proving that a Motel 6 mindset won't build a Berkshire Hathaway-sized portfolio. Read along with the original article(s) here: https://contrarianedge.com/values-value-investing/ Quotes to ponder: "I thought value investors were supposed to like cheap stuff." "A $36-a-night room at Motel 6 by the airport, overrun by cockroaches and bedbugs and with questionable plumbing, may be statistically cheap, but it's not a bargain." "Charlie is not a ‘sidekick'! Charlie changed Buffett's investment philosophy. Sidekicks don't do that." Episode references: The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew Wilkinson is the co‑founder of Tiny, a holding company that quietly owns more than three dozen profitable internet and consumer brands, including Dribbble and the AeroPress coffee maker. Starting as a teenage barista and web designer, he's created a portfolio approaching $300 million in yearly sales (and he was personally worth over $1 billion at one point)—all without ever raising venture capital.In this conversation, you'll learn:1. The “fish where the fish are” framework for spotting high‑margin niches no one else notices2. The exact agent stack (Lindy, Replit, Limitless, and more) that supercharges Andrew's day-to-day productivity (and has replaced his assistant)3. How Andrew evaluates companies in less than 15 minutes using Buffett‑style moats and “lazy leadership”4. Telltale signs you should shut down (or never start) that startup idea5. His journey from crippling anxiety to clarity through SSRIs and ADHD medication6. His prediction that most knowledge work will be automated—and the skills to teach your kids now—Brought to you by:Sauce—Turn customer pain into product revenueEnterpret—Transform customer feedback into product growthMiro—A collaborative visual platform where your best work comes to life—Where to find Andrew Wilkinson:• X: https://x.com/awilkinson• LinkedIn: https://www.linkedin.com/in/awilkinson/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Introduction to Andrew Wilkinson(04:07) Finding the right business idea(07:18) Avoiding common business pitfalls(11:58) Finding your unfair advantage(17:08) Fish where the fish are(20:08) Why boring is good(25:30) Bootstrapping vs. venture capital(31:20) Lessons from acquiring and managing businesses(36:47) Avoiding people problems(42:39) Leveraging AI in business and life(49:30) The Limitless device(53:13) Job displacement and AI's future impact(58:20) Advice for new grads(01:02:50) Parenting in the age of AI(01:05:26) The pursuit of happiness beyond wealth(01:10:10) Mental health and medication(01:16:45) Lightning round and final thoughts—Referenced:• Andrew's post on X with the Charlie Munger quote: https://x.com/awilkinson/status/1265653805443506182• Metalab: https://www.metalab.com/• Letterboxd: https://letterboxd.com/• AeroPress: https://aeropress.com/• Brian Armstrong on X: https://x.com/brian_armstrong• Warren Buffett's quote: https://quotefancy.com/quote/931119/Warren-Buffett-I-am-a-better-investor-because-I-am-a-businessman-and-a-better-businessman• Flow: https://www.getflow.com/• Instacart: https://www.instacart.com/• Things: https://culturedcode.com/things/• Dustin Moskovitz on LinkedIn: https://www.linkedin.com/in/dmoskov/• Salesforce: https://www.salesforce.com/• Serato: https://serato.com/• Chris Sparling on X: https://x.com/_sparling_• Lindy: https://www.lindy.ai/• Replit: https://replit.com/• Behind the product: Replit | Amjad Masad (co-founder and CEO): https://www.lennysnewsletter.com/p/behind-the-product-replit-amjad-masad• David Ogilvy: https://en.wikipedia.org/wiki/David_Ogilvy_(businessman)• Malcolm Gladwell's website: https://www.gladwellbooks.com/• Inside Bolt: From near-death to ~$40m ARR in 5 months—one of the fastest-growing products in history | Eric Simons (founder and CEO of StackBlitz): https://www.lennysnewsletter.com/p/inside-bolt-eric-simons• Building Lovable: $10M ARR in 60 days with 15 people | Anton Osika (CEO and co-founder): https://www.lennysnewsletter.com/p/building-lovable-anton-osika• Limitless: https://www.limitless.ai/• Perplexity: https://www.perplexity.ai/• Claude: https://claude.ai/• ChatGPT: https://chatgpt.com/• Gemini: https://gemini.google.com/app• William Gibson's quote: https://www.goodreads.com/quotes/681-the-future-is-already-here-it-s-just-not-evenly• Palm Treo: https://en.wikipedia.org/wiki/Palm_Treo• Sam Altman on X: https://x.com/sama• Dario Amodei on X: https://x.com/darioamodei• Anthropic's CPO on what comes next | Mike Krieger (co-founder of Instagram): https://www.lennysnewsletter.com/p/anthropics-cpo-heres-what-comes-next• Challengers on AppleTV+: https://tv.apple.com/us/movie/challengers/umc.cmc.53cuz33n4e74ixj8whccj87oc• Matic vacuum: https://maticrobots.com/• Jerzy Gregorek's quote: https://www.goodreads.com/quotes/8652595-hard-choices-easy-life-easy-choices-hard-life• Tiny: https://www.tiny.com/• Dribbble: https://dribbble.com/—Recommended books:• The Laws of Human Nature: https://www.amazon.com/Laws-Human-Nature-Robert-Greene/dp/0525428143• How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets: https://www.amazon.com/How-Get-Rich-Greatest-Entrepreneurs/dp/1591842719—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.lennysnewsletter.com/subscribe

Tune in to hear:What are anti-goals and why are they often just as, if not more, powerful than goals?What does the prospect theory of behavioral economics have to say about the uniquely motivating power of a villain?Why do humans have asymmetrical risk preferences and what does this reveal about human nature?What did famous investor Charlie Munger mean by his famous quote “invert, always invert?”What is the Stoic exercise of “Premitatio Malorum” and how can it be used in everyday life?LinksThe Soul of WealthOrion's Market Volatility PortalConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion's PodcastsPower Your Growth with OrionCompliance Code: 1754-U-25176

What do the world's greatest investors know that the rest of us don't? In this episode, we sit down with William Green, author of Richer, Wiser, Happier, to uncover the timeless principles he's learned from interviewing legends like Charlie Munger, Howard Marks, and Bill Miller. Rather than chasing hot tips or quick wins, William reveals how traits like emotional control, simplicity, and avoiding big mistakes can help you build wealth—and a more meaningful life. We discuss the difference between gambling and investing, the wisdom of indexing for most families, and why subtracting noise can lead to clarity and success. Whether you're just starting out or well along your financial journey, this conversation offers valuable takeaways for life and money. If you want to become richer, wiser, happier, this episode with William Green is a must-listen. RESOURCES: ⁠⁠Sponsors + Partners + Deals⁠⁠ Richer, Wiser, Happier (book): https://amzn.to/4kkLq2e (affiliate) Chapters 00:00 – Timeless wisdom and survival in investing 01:00 – Introduction to William Green and his journey 03:30 – The surprising philosophical nature of top investors 06:00 – Learning from failure: The Bill Miller story 08:30 – The power of accepting impermanence (Mujo & Howard Marks) 11:30 – Gambling vs. investing: Lessons from a young William 14:30 – The Buffett playbook and indexing for most families 18:00 – The art of subtraction and simplifying your financial life 22:00 – Defining a rich life: Health, relationships, peace of mind 25:00 – Charlie Munger's key principle: Invert, always invert 28:30 – How to survive financial storms: Diversify and avoid leverage 32:00 – Dogged incremental progress and being “number one-ish” 36:00 – William's biggest takeaway from 25 years of interviews 38:00 – Where to find Richer, Wiser, Happier and his podcast MKM RESOURCES: ⁠⁠MKM Coaching⁠⁠: Want 1-on-1 support with your family finance journey? Book a time with me today. ⁠⁠Coast FIRE Calculator⁠⁠: A free calculator to help you find out when you can slow down or stop investing for retirement. ⁠⁠Mortgage Payoff Calculator⁠⁠: A free calculator to help you see how fast you can become mortgage free. ⁠⁠YouTube⁠⁠: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): ⁠⁠Monarch Money⁠⁠ - Best Budget App for Families & Couples ⁠⁠Empower⁠⁠ - Free Portfolio Tracker ⁠⁠Crew⁠⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link ⁠⁠Ethos⁠⁠ - Affordable Term Life Insurance ⁠⁠Trust & Will⁠ ⁠- Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Johnson Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Daragh Murphy is giving brands their own credit-card platform—no legacy bank required.On this week's Grit, the Imprint co-founder and CEO traces the leap from being a junior lawyer to closing nine-figure card deals.He breaks down the hidden economics of credit-card loyalty, the discipline of treating capital “like the last dollar,” and how AI will slash risk-and-support costs.Guest: Daragh Murphy, CEO & Co-Founder of ImprintChapters:00:00 Trailer00:48 Introduction01:30 Actualizing the dream08:37 Imprint11:37 Partnerships are massive16:48 Understand the market18:42 “Get more, spend more” tradeoffs23:57 Fishing in the wrong ponds31:32 Can't skip work32:43 Exciting and scary34:56 Pride and ownership46:50 The way you spend your day50:20 New technologies54:51 Who Imprint is hiring54:59 What “grit” means to Daragh55:34 OutroMentioned in this episode: Figma, Rippling, H-E-B Grocery Company, LP, Barclays US, IBM, Coinbase, Charlie Munger, Instagram, Hamptons, Google, Nick Huber, Ribbit, Ireland, WeWork, Adam Kim, Amazon, Shopify, Tobias Lütke, Duolingo, Parker ConradLinks:Connect with DaraghLinkedInConnect with JoubinXLinkedInEmail: grit@kleinerperkins.comLearn more about Kleiner Perkins

Matt Zeigler and Bogumil Baranowski join Robert Hagstrom for a very special hour-long discussion. The episode originally appeared on Excess Returns Podcast, and it is reposted here with permission from the podcast hosts. Enjoy!Legendary investor and author Robert Hagstrom joins Excess Returns to explore timeless investing principles—and how they've evolved in today's market. In this wide-ranging conversation, Robert shares stories from working with Bill Miller, insights on Warren Buffett's approach, and the philosophical foundations of long-term investing. He also issues a stark warning about the rising popularity of private equity for retail investors.Whether you're a Buffett disciple, a fan of focused investing, or just curious about how great investors think, this is a conversation packed with insight.

Jason and Jeff welcome Alex Morris, a second-time guest and author of 'Buffett and Munger Unscripted.' The trio discusses the significance of Berkshire Hathaway meetings and the making of Alex's book. They delve into Warren Buffett's and Charlie Munger's investment philosophies, the evolution of their strategies, and how individual investors might apply these lessons. 01:03 Introducing the Guest: Alex Morris02:05 Discussing Alex's Book: Buffett and Munger Unscripted06:07 Insights on Berkshire Hathaway and Investing09:52 Buffett and Munger's Investment Philosophy14:29 Personal Reflections on Investing20:15 The Future of Berkshire Hathaway23:21 The Challenge of Excess Cash24:37 Buffett's Cash Philosophy25:33 Future of Berkshire's Capital Allocation36:23 The Influence of Buffett and MungerCompanies mentioned: AAPL, BRK.B, KO, MRKL*****************************************Join our PatreonSubscribe to our portfolio on Savvy Trader *****************************************Email: investingunscripted@gmail.comTwitter: @InvestingPodCheck out our YouTube channel for more content: ******************************************To get 15% off any paid plan at finchat.io, visit https://finchat.io/unscripted******************************************Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube******************************************2025 Portfolio Contest2024 Portfolio Contest2023 Portfolio Contest

This week on The Capitalist Investor, we dive into how Warren Buffett's timeless investing principles apply in today's AI-driven market. Joined by special guest Dave Abboud, we break down why Buffett's long-term strategies still matter—and how investors can use AI tools to think like the Oracle of Omaha. We cover:Buffett's biggest bets (Coca-Cola, Apple) and what made them geniusHow to cut through the noise in today's tech-fueled marketsThe role of AI in identifying future winners (and why it's just a tool)Lessons from Charlie Munger's “Too Hard” pileWhy discipline always beats hype in investingBuffett may have underperformed in flashy bull markets—but his long game wins. Tune in to hear how you can apply these insights to build smarter portfolios in 2025 and beyond. 

In 1995, Charlie Munger gave a speech called the Psychology of Human Misjudgment, which contains 25 psychological tendencies by humans that can lead to bad decision making & bad outcomes. Today, Alex shares his 13 favorite & provide examples of how they impact your abilities and success as an entrepreneur. Link to the original speech: https://fs.blog/great-talks/psychology-human-misjudgment/ Link to Poor Charlie's Almanack: https://www.amazon.com/Poor-Charlies-Almanack-Charles-Expanded/dp/1578645018 — Thanks to our presenting sponsor, Gusto. Head to www.gusto.com/alex — Check Out Alex's Stuff: • storyarb - https://www.storyarb.com/ • growthpair - https://www.growthpair.com/ • distro - https://youdistro.com/  • X - https://x.com/businessbarista • Linkedin - https://www.linkedin.com/in/alex-lieberman/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Quanto tempo dura uma sociedade de sucesso? Algumas pessoas acreditam em parceria para vida toda.. até que a morte os separe. Esse devia ser o caso de Charlie Munger, amigo e sócio do mega investidor warren Buffett de anos! Os dois trabalharam juntos por 45 anos - e a sociedade só acabou com o falecimento de Charlie, que morreu em novembro de 2023, em um hospital na Califórnia, aos 99 anos. Por essas razões, o Charlie Munger é o tema do episódio de hoje do Do Zero ao Topo - Personalidades, a nossa edição que conta as histórias dos grandes inovadores. Para saber mais da história de Charlie Munger, acesse: https://www.infomoney.com.br/perfil/charlie-munger/

Welcome back to America's #1 Daily Podcast,  featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris?  Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. ******************* 2025's Real Estate Rollercoaster: Dodge the Career-Killers with THIS Mastermind!

Check out the episode in its original version here : https://www.gdiy.fr/podcast/shane-parrish-vo/L'ex-espion qui conseille Wall Street.Shane Parrish travaille pour les services secrets canadiens. Spécialisé en cybersécurité, il entre dans l'agence deux semaines avant le 11 septembre 2001. Un choc qui le pousse à se lancer dans une quête :Apprendre à prendre de meilleures décisions.Mais un jour, un média révèle publiquement son identité. Or, en tant qu'agent, il n'avait même pas le droit d'être présent sur Internet… Il quitte alors les services secrets et se consacre à son blog : Farnam Street.Résultat ? Une newsletter suivie aujourd'hui par 850 000 personnes, et l'une des communautés payantes les plus anciennes du web.Mais il n'existe ni cursus, ni cours sur le sujet, alors que c'est une compétence cruciale dans la vie pro comme perso.Il commence à creuser le sujet, archive ses découvertes et lance l'un des plus gros podcasts aux US : The Knowledge Project.Biais cognitifs, psychologie comportementale, stratégies d'investisseurs… Shane se plonge dans le sujet, jusqu'à être mentoré par Charlie Munger, l'ancien bras droit de Warren Buffett.Par ricochet, ce sont d'abord les cerveaux de Wall Street qui le lisent. Puis le bouche-à-oreille fait le reste : son audience explose, bien au-delà du monde de la finance.Son livre Clear Thinking, un New York Times Bestseller, a déjà aidé des centaines de milliers de personnes à reprendre le contrôle de leurs décisions, et à dépasser l'égo, la colère, ou l'anxiété qui les freinent.Dans cet épisode, Shane retrace son parcours et partage les règles qui l'ont aidé à mieux penser, mieux décider… et mieux vivre. Un incontournable pour quiconque veut reprendre le contrôle et exceller dans son domaine.TIMELINE:00:00:00 : La chose à ne pas faire en tant qu'espion00:11:45 : La méthode (trop) simple : les règles automatiques00:22:32 : Système 1 / Système 2 : apprendre à dompter ses biais cognitifs00:36:37 : Rendre la discipline facile et se créer une vie de rêve00:41:17 : La règle des 3 projets et ce que le COVID a provoqué00:48:30 : Espionner durant les réunions chez les agents secrets00:56:47 : Pourquoi le boss doit toujours parler en dernier01:02:40 : Inspirer les autres à se dépasser et viser l'excellence01:12:53 : Ton agenda te domine et cannibalise ton esprit01:23:09 : Se positionner pour avoir toujours un coup d'avance01:32:25 : Poursuivre ses rêves, c'est accepter d'en payer le prix01:40:19 : Apprivoiser son ego pour trouver l'équilibre01:48:08 : Comment il est devenu un OG de la création de contenuLes anciens épisodes de GDIY mentionnés : #463 - Nicolas Spiess (Running Addict) - Campus - L'expert du running : transformer sa communauté en business rentable#416 - David Corona - GIGN, In_Cognita - Devenir expert de la négociation et prédire les comportements#158 Edgar Grospiron - Athlète et conférencier - Avance, fais-toi confiance.Nous avons parlé de :Rejoindre la communauté de Shane ParrishLe podcast The Knowledge ProjectLa newsletter Brain FoodSyrus PartnersNaval Ravikant : Le philosophe de la Silicon Valley [The Knowledge Project Ep. #18]Campus CoachTrop occupé pour « prendre un café » (article de Naval Ravikant)Ray Dalio : Leçons de vie d'un milliardaire autodidacte [The Knowledge Project Ep. #23]Charlie Munger (Berkshire Hathaway)Henry Singleton, l'outsider — Une force discrète [The Knowledge Project Ep. #225]Kevin Kelly : Conseils pour bien vivre [The Knowledge Project Ep. #166]Morgan Housel : Devenir riche, le rester [The Knowledge Project Ep. #195]Shane Parrish chez Tim FerrissGénéral Stanley McChrystal : L'essence du leadership [The Knowledge Project Ep. #132]Rey Flemings : Une autre définition du succès [The Knowledge Project Ep. #174]Jim Collins : Relations vs. transactions [The Knowledge Project Ep. #110]Andrew Wilkinson (Tiny)Esther Perel : Cultiver le désir (2019) [The Knowledge Project Ep. #199]Garry Tan : Les outsiders du milliard — La recette Y Combinator [The Knowledge Project Ep. #226]Les recommandations de lecture :Clear Thinking: Turning Ordinary Moments into Extraordinary ResultsClear Thinking (French : Penser avec clarté)The Great Mental ModelsThinking, Fast and Slow (Daniel Kahneman)Système 1, système 2Ego is the EnemyL'ego est l'ennemiPoor Charlie's AlmanackMeditations (Marcus Aurelius)Pensées pour moi-même (Marc Aurèle)Vous pouvez contacter Shane sur LinkedIn, Instagram, X.Nous tenons à remercier tout particulièrement Stan, Alex et l'ensemble des équipes d'ElevenLabs , qui ont assuré le doublage de cet épisode. Vous souhaitez sponsoriser Génération Do It Yourself ou nous proposer un partenariat ? Contactez mon label Orso Media via ce formulaire.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Retrouvez l'épisode en version française ici : https://www.gdiy.fr/podcast/shane-parrish-vf/The ex-spy who now advises Wall Street.Shane Parrish used to work for the Canadian intelligence services. A cybersecurity specialist, he joined the agency just two weeks before 9/11, an event that would trigger a lifelong quest:How can we make better decisions?At the time, Shane wasn't even allowed to have an online presence. But when a media outlet exposed his identity, he left the agency and poured his energy into his blog, called Farnam Street.Fast forward to today: his newsletter is read by over 850,000 people, and he has built one of the oldest paid communities on the web.The problem? There's no formal training on decision-making despite being one of the most powerful skills you can learn.So Shane went all in. He documented everything he was learning and eventually launched one of the top podcasts in the US: The Knowledge Project.From cognitive biases to behavioral psychology to investment strategies, he immersed himself fully. Over time, he even caught the attention of Charlie Munger, Warren Buffett's longtime right-hand man, who became his mentor.At first, it was Wall Street insiders who tuned in. Then word spread, and his audience exploded far beyond the finance world.His book, Clear Thinking—a New York Times Bestseller—has helped thousands reclaim control over their decisions and move past ego, anger, and anxiety.In this episode, Shane shares the rules that shaped his journey—how to think clearly, decide wisely… and live better.A must-listen for anyone who wants to regain control and truly thrive.TIMELINE:00:00:00 : How to get in trouble as an intelligence agent00:11:45 : The cheat code for decision making: automatic rules00:22:32 : System 1 and System 2 — counteracting our biases00:36:37 : How to stick to our goals and create a great life00:41:17 : The 3-project rule and the COVID era00:48:30 : Spying on meetings at a Canadian Intelligence Agency00:56:47 : Let the HiPPO speak last to avoid blind spots01:02:40 : How to inspire people to do their best and go beyond average01:12:53 : Stop stuffing your calendar — you're not thinking enough01:23:09 : How to position yourself so that you always win01:32:25 : Be ready to pay the price to chase your dreams01:40:19 : Ego and life balance01:48:08 : How he became one of the OGs of content creationWe referred to previous GDIY episodes : #463 - Nicolas Spiess (Running Addict) - Campus - L'expert du running : transformer sa communauté en business rentable#416 - David Corona - GIGN, In_Cognita - Devenir expert de la négociation et prédire les comportements#158 Edgar Grospiron - Athlète et conférencier - Avance, fais-toi confiance.A few recent episodes in English : #473 - VO - Brian Chesky - Airbnb - « We're just getting started »#452 - Reid Hoffman - LinkedIn, Paypal - “We are more Homo technicus than Homo sapiens”#437 - James Dyson - Dyson - “Failure is more exciting than success”#431 - Sean Rad - Tinder - How the swipe fever took over the worldWe spoke about :Join Shane Parrish communityThe Knowledge Project PodcastBrain Food (Newsletter)Syrus PartnersNaval Ravikant: The Angel Philosopher [The Knowledge Project Ep. #18]Campus CoachBe Too Busy to ‘Do Coffee' (Naval's article)Ray Dalio: Life Lessons from a Self-Made Billionaire [The Knowledge Project Ep. #23]Charlie Munger (Berkshire Hathaway)Outliers: Henry Singleton—Distant Force [The Knowledge Project Ep. #225]Kevin Kelly: Advice for Living [The Knowledge Project Ep. #166]Morgan Housel: Get Rich, Stay Rich [The Knowledge Project Ep. #195]Shane Parrish with Tim FerrissRet. Gen. Stanley McChrystal: The Essence of Leadership [The Knowledge Project Ep. #132]Rey Flemings: A Different Definition of Success [The Knowledge Project Ep. #174]Jim Collins: Relationships vs. Transactions [The Knowledge Project Ep. #110]Andrew Wilkinson (Tiny)Esther Perel: Cultivating Desire (2019) [The Knowledge Project Ep. #199]Garry Tan: Billion-Dollar Misfits — Inside Y Combinator's Startup Formula [The Knowledge Project Ep. #226]Reading Recommendations :Clear Thinking: Turning Ordinary Moments into Extraordinary ResultsClear Thinking (French : Penser avec clarté)The Great Mental ModelsThinking, Fast and Slow (Daniel Kahneman)Système 1, système 2Ego is the EnemyL'ego est l'ennemiPoor Charlie's AlmanackMeditations (Marcus Aurelius)Pensées pour moi-même (Marc Aurèle)You can contact Shane on LinkedIn, Instagram, X.Interested in sponsoring Generation Do It Yourself or proposing a partnership ? Contact my label Orso Media through this form.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Long-term investment success isn't about timing the market — it's about having the right perspective and discipline. In this episode, we share the key principles that help investors avoid costly mistakes, stay invested, and reach their financial goals.Learn why emotional decisions, media noise, and chasing trends often do more harm than good — and why a steady, long-term strategy remains the most reliable path to wealth.Backed by decades of data and insights from Warren Buffett and Charlie Munger, this episode will help you block out the noise and focus on what truly matters.If you're looking to achieve long-term investing success, we think you'll enjoy this podcast episode. Thanks for listening!For more details we recommend that you check out our blog post covering the same topic at https://pw-wm.com/learn/investing/the-secrets-of-investment-success/

On today's episode, Kyle Grieve chats about one of the most iconic businesses in history—Coca-Cola—and explores its enduring competitive advantages, its remarkable turnaround under CEO Roberto Goizueta, and what Warren Buffett saw that made it one of Berkshire Hathaway's most legendary investments. Kyle unpacks why Coke's brand power, global distribution, and intelligent capital allocation have helped it dominate for over a century and why understanding this story can help you spot other life-changing investments. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 02:03 - What gives Coca-Cola four enduring edges over competitors worldwide. 08:04 - A brief overview of Coca-Cola's two primary business segments. 09:38 - Why Goizueta's personality reshaped Coca-Cola's future in unexpected ways. 11:14 - What makes Coca-Cola's brand unforgettable across cultures and decades. 25:16 - The unique metric Goizueta used to unlock hidden value. 27:12 - What Warren Buffett saw before betting big on Coca-Cola. 39:40 - A mental model experiment Munger used to gauge Coke's potential. 48:48 - How inversion revealed Coca-Cola's moat through Charlie Munger's lens. 50:03 - The real story behind Coca-Cola's infamous recipe change. 55:43 - Why Coke's scale and network keep competition permanently outmatched. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy I'd Like the World to Buy a Coke here. Buy The Warren Buffett Way here. Read Charlie Munger's $2 trillion Coke hypothesis here Follow Kyle on ⁠⁠⁠X⁠⁠⁠ and ⁠⁠⁠LinkedIn⁠⁠⁠. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠. 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. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠: ⁠⁠SimpleMining⁠⁠ ⁠⁠Hardblock⁠⁠ ⁠⁠AnchorWatch⁠⁠ ⁠⁠Fundrise⁠⁠ ⁠⁠DeleteMe⁠⁠ ⁠⁠CFI Education⁠⁠ ⁠⁠Vanta⁠⁠ ⁠⁠The Bitcoin Way⁠⁠ ⁠⁠Onramp⁠⁠ ⁠⁠Indeed⁠⁠ ⁠⁠Shopify⁠⁠ HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠⁠rating and review⁠⁠⁠⁠⁠ on ⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/ Support our show by becoming a premium member! ⁠⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Mohnish Pabrai's Session with Ashoka Investment Club on April 22, 2025. (00:00:00) - Introduction (00:00:47) - Charlie Munger's mental models; Poor Charlie's Almanack (00:07:38) - Cloning is the best mental model (00:08:45) - Sam Walton & Family; Walmart (00:10:36) - Microsoft (00:13:31) - Bridge (00:14:51) - Pabrai Funds: Cloned model from the Buffett Partnerships (00:17:41) - Selecting a stock (00:19:12) - Macro-economic factors; D-Mart & Shrimp farming in India (00:23:32) - Circle of competence; John Arrillaga (00:24:38) - Commodity producers; Saudi Aramco (00:27:26) - Look for anomalies, Investing in Turkiye & Reysas (00:33:54) - Learning from mistakes; Satyam Computers (00:39:35) - Nifty-50 in the 1970s; Walmart The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

In this special celebratory episode, William Green spotlights some of the most important lessons from the greatest investor of all time: Warren Buffett. In honor of Buffett's historic decision to retire after 60 years as Berkshire Hathaway's CEO, William offers his thoughts on Buffett's legacy & Berkshire's future; he also shares powerful highlights from his conversations about Buffett with Joel Greenblatt, Nick Sleep, Thomas Russo, Chris Davis, Chuck Akre & Christopher Bloomstran. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 04:20 - What makes Berkshire Hathaway's annual meeting a joyous experience. 06:13 - How Warren Buffett's virtues & values shone through at this year's AGM. 14:51 - How he & Charlie Munger made most of their money off 8 or 9 big bets. 22:41 - What Buffett taught Joel Greenblatt about buying great businesses. 27:24 - What stunned Greenblatt when he finally met Buffett. 33:45 - Why Chuck Akre attributes his enormous success to Buffett's teachings. 38:18 - What Thomas Russo learned from Buffett about reducing “agency risk.” 46:17 - How Buffett inspired Nick Sleep to do what he already knew was right. 52:34 - Why Christopher Bloomstran thinks all CEOs should study Berkshire. 1:19:54 - Why Buffett focuses relentlessly on resilience in the face of extreme risks. 1:22:48 - What principles guide Greg Abel's philosophy of asset allocation. 1:26:00 - Why Berkshire directors like Chris Davis vow to protect its unique culture. 1:33:39 - How he achieved staggering success without making enemies. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠here⁠. Join the exclusive ⁠TIP Mastermind Community⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Berkshire Hathaway's annual reports since 1995. Robert Hagstrom's book The Warren Buffett Way. Dale Carnegie's book How to Win Friends & Influence People. William Green's podcast episode with Joel Greenblatt. William Green's podcast episode with Thomas Russo. William Green's podcast episode with Christopher Bloomstran. William Green's podcast episode with Chris Davis. William Green's book, “Richer, Wiser, Happier” – ⁠read the reviews of this book⁠. Follow William Green on ⁠X⁠. Check out all the books mentioned and discussed in our podcast episodes ⁠here⁠. Enjoy ad-free episodes when you subscribe to our ⁠Premium Feed⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠The Intrinsic Value Newsletter⁠. Check out our ⁠We Study Billionaires Starter Packs⁠. 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. Learn how to better start, manage, and grow your business with the ⁠best business podcasts⁠. SPONSORS Support our free podcast by supporting our ⁠sponsors⁠: ⁠SimpleMining⁠ ⁠⁠Hardblock⁠ ⁠AnchorWatch⁠ ⁠Fundrise⁠ ⁠DeleteMe⁠ ⁠CFI Education⁠ ⁠Vanta⁠ ⁠The Bitcoin Way⁠ ⁠Onramp⁠ ⁠Indeed⁠ ⁠Shopify⁠ HELP US OUT! Help us reach new listeners by leaving us a ⁠rating and review⁠ on ⁠Spotify⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

On today's special episode of I AM HOME, we're revisiting one of our most insightful conversations in honor of the Berkshire Hathaway Annual Shareholders Meeting, which took place earlier this month. Originally recorded in 2023, this episode remains as relevant and inspiring as ever. Our hosts are joined by Amy Myers, Chief Marketing Officer at NFM, for a captivating interview with Todd Combs—a multi-billion-dollar investment manager at Berkshire Hathaway and the President and CEO of GEICO. Todd takes us behind the scenes of his incredible journey: from sitting in a Columbia University lecture hall listening to Warren Buffett, to an unforgettable meeting with Charlie Munger at the California Club and ultimately accepting the call to join Berkshire Hathaway. Join us for a personal and profound look into the world of high stakes investing, following your childhood dreams and the importance of building a sense of home wherever life takes you. Resources: I Am Home | Podcast on Furniture and Family | NFM

In this week's episode, CJ dives into five powerful lessons he's learned through real-life experiments, biohacking adventures and philosophical insights. From mastering the art of opinion to activating your brain's P300 wave, these lessons will challenge you to rethink how you learn, connect and perform.Five Core LessonsYou're Only Entitled to an Opinion If You Can Argue the Other SideInspired by Charlie Munger: true wisdom means understanding opposing views before taking a stand.Beware of confirmation bubbles on social media—seek out diverse perspectives.Your Network Is Not Your Contact ListReal equity lies in the people who light up when they hear your name.Liking bias: we do business with—and refer—those we genuinely like, not just the most skilled.Play the Game to Get Free of the GameNaval Ravikant's insight: hustle intensely, but build systems so you're no longer owned by the hustle.True wealth is freedom, not an endless chase of metrics.Embrace the 40–70 Rule for Decision-MakingGeneral Colin Powell: act when you have ~40% of the information; waiting for 70% or more means you're too late.Fast action generates feedback—“wrong fast” teaches you quicker than endless analysis.Activate Your P300 “Performance Wave”P300 is your brain's spike of attention, novelty and intensity.Trigger it with new experiences, urgent challenges and deep focus to unlock superhuman clarity and memory.Key TakeawaysCuriosity over Certainty: Hold judgment until you've explored all sides.Quality over Quantity in Relationships: Focus on deep bonds, not big lists.Freedom as the Endgame: Your efforts should liberate, not entrap.Momentum Beats Perfection: Small, timely actions outpace endless planning.Signal, Not Time: You don't need more hours—just stronger, sharper stimuli.Five Actions You Can Start TodayDebate Both Sides: Next time you form an opinion, write down arguments for the opposite view.Reconnect Authentically: Text five people who haven't heard from you lately—no pitch, just genuine care.Systematize Your Hustle: Identify one repeatable task in your work or health regime and document a process to automate it.Apply 40–70 Decision Rule: Choose a stalled project; commit a “good enough” launch date once you hit 40% clarity.Design a P300 Trigger: Schedule a novel activity (e.g., cold plunge or focused micro-challenge) before a big meeting to sharpen your mind.

My friend Patrick O'Shaughnessy asked me to come to New York and record a conversation. Patrick had just finished listening to episode #383 "Todd Graves and his $10 Billion Chicken Finger Dream" and he believed there was an important conversation to have on focus and finding your life's work. This conversation was off-the-cuff and from the soul. I hope you find it useful. If you'd prefer to watch the episode you can do that on Spotify and YouTube. Patrick and I are doing a live show on May 27th in New York. Event details and registration here!----Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ---- ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

“I'm an accidental guru.” He was irreverent, he was focused, he was one of the world's most successful investors, and he was one of a kind. Billionaire investor Charlie Munger, the longtime right-hand man and close friend of Berkshire Hathaway CEO Warren Buffett, died a few weeks shy of what would have been his 100th birthday. Becky Quick, Squawk Box co-host, interviewed Munger two weeks before his death in his home in Los Angeles. In the first part of this special conversation, Charlie Munger reflects on his century of life and the perspective and knowledge he gained in his final years. For more, revisit our 2021 Squawk Pod series, Warren Buffett and Charlie Munger: A Wealth of Wisdom. Squawk Pod is produced by Katie Kramer, Cameron Costa, Karoline Rouhotas and Zach Vallese.  CNBC's Managing Editor is Lacy O'Toole. John Lazration edited this podcast series.

“I'm an accidental guru.” He was irreverent, he was focused, he was one of the world's most successful investors, and he was one of a kind. Billionaire investor Charlie Munger, the longtime right-hand man and close friend of Berkshire Hathaway CEO Warren Buffett, died a few weeks shy of what would have been his 100th birthday. Becky Quick, Squawk Box co-host, interviewed Munger two weeks before his death in his home in Los Angeles. In Part 2 of this special conversation, Charlie Munger reflects on the childhood traumas that shaped him and the investing wins and losses that made his career. For more, revisit our 2021 Squawk Pod series, Warren Buffett and Charlie Munger: A Wealth of Wisdom. Squawk Pod is produced by Katie Kramer, Cameron Costa, Karoline Rouhotas and Zach Vallese.  CNBC's Managing Editor is Lacy O'Toole. John Lazration edited this podcast series.

On this week's Stansberry Investor Hour, Dan and Corey welcome Alex Morris to the show. Alex is the founder of TSOH (The Science of Hitting) Investment Research and an author. TSOH, which boasts more than 20,000 subscribers, aims to generate attractive long-term returns while providing complete transparency on the research process, portfolio decision-making, and returns. Alex kicks off the show by discussing the inspiration behind his new book, Buffett and Munger Unscripted: Three Decades of Investment and Business Insights From the Berkshire Hathaway Shareholder Meetings. He goes in depth on what he learned from Warren Buffett and Charlie Munger in the process of crafting his book, including understanding incentives, management turnover, and which macroeconomic factors are important. (1:46) Next, Alex talks about the "pointed" questions Buffett and Munger got during the dot-com era from shareholders who doubted their abilities. Then he breaks down his own investing style, how that style has evolved over the years, and how he got interested in investing in the first place. This leads to a discussion about struggling retailer Five Below (which Alex is keeping an eye on to see if it can turn its business around) and Dollar Tree (which Alex owns and still likes today). (19:53) Finally, Alex delves further into the retail space. He discusses Costco Wholesale versus Walmart, the importance of retailers understanding their core customer base, why Dollar Tree is misunderstood, geographic retail strategies, President Donald Trump's tariffs, and a U.K.-based mixers company he finds attractive. (40:24)

If Warren Buffett is the king of capital allocation—Henry Singleton is the ghost. Singleton built one of the most successful conglomerates in American history, transforming business while remaining virtually unknown. While Wall Street chased fads, Singleton, who could play chess blindfolded, quietly turned industrial conglomerate Teledyne into a business juggernaut with 20.4% annual returns over nearly three decades—outperforming Buffett, outmaneuvering rivals, and outlasting the hype. Dive into the mind of a man who Charlie Munger said had "the best operating and capital deployment record in American business—bar none." This is a masterclass in disciplined capital allocation and long-term thinking on the most underrated business genius of the 20th century.  If you're building a business, allocating capital, or simply trying to think more clearly in a noisy world, you cannot afford to miss this one.  (03:16) Prologue (05:59) PART 1: THE MAKING OF A MAVERICK (07:48) After MIT (10:24) Founding of Teledyne (14:04) The Future is Semiconductors (17:18) What to Acquire? (19:12) Integrating into the Teledyne System (21:49) Vasco Metals and George Roberts (23:40) PART 2: MASTER CAPITAL ALLOCATOR (28:10) Entering Insurance (29:44) The Great Buyback Revolution (32:46) Teledyne Operating Systems (34:56) Thinking Local (37:41) Building Knowledge (39:59) PART 3: PEAK PERFORMANCE (42:51) Planning for Retirement (44:09) Passing the Torch (46:45) End of an Era: Singleton Retires (47:41) Teledyne After Singleton (48:46) Singleton's Legacy (51:05) SHANE'S REFLECTIONS This episode is for informational purposes only and most of the research came from reading Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It, with an Introduction to Teledyne Technologies by Dr. George A. Roberts with Robert J McVicker and The Outsiders by William N. Thorndike, Jr. Additional source: 1979 Interview with Forbes Check out highlights from these books in our repository, and find key lessons from Singleton here —https://fs.blog/knowledge-project-podcast/outliers-henry-singleton/ Upgrade — If you want to hear my thoughts and reflections at the end of all episodes, join our membership: ⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠ and get your own private feed. Newsletter — The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at fs.blog/newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

Akio Morita was a visionary entrepreneur and co-founder of Sony. Born as the first son and fifteenth-generation heir to a 300-year-old sake-brewing family in Japan, Akio eschewed the traditional path to forge his own legacy in electronics.In post-war Japan, Akio joined forces with Masaru Ibuka to found Sony. They started in a burned-out department store with limited resources—to build their first product they had to buy supplies on the black market. Akio was determined to change the global perception of Japanese goods as poor quality. From day one he set out to build high-quality, differentiated products, targeted at affluent markets. Akio believed in long-term vision over short-term profits, product innovation without market research, and brand building over immediate profits. Against all opposition, including inside of his own company, Akio invented one of the most successful consumer products of all time: The Walkman. It sold over 400 million units and inspired countless other entrepreneurs like Steve Jobs, Jeff Bezos, James Dyson, and Phil Knight. This episode is what I learned from rereading Akio's classic 1986 autobiography Made In Japan. ----Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----Join my free email newsletter to get my top 10 highlights from every book ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast