The Investor’s Podcast

S&P Global (SPGI), Novo Nordisk (NVO), Deckers (DECK) | Stock Analysis & Valuation (TIP857)

11K views · 1d ago · 1:28:08

Guest: Tobias Carlisle

In today’s episode, Stig Brodersen is joined by Tobias Carlisle and Hari Ramachandra for a new round of stock pitches. Hari makes the case for Novo, until recently the most valuable company in Europe, now priced as if its obesity franchise is a melting ice cube. Stig pitches S&P Global, the company behind the S&P 500 and one of the world’s great ratings businesses, and explains why it became his first new position in more than a year.

The Path to True Wealth w/ Matt Ludmer (RWH074)

11K views · 2w ago · 2:33:43

Guest: Matt Ludmer

In this episode, William Green speaks with Matt Ludmer, the founder & CEO of Aligned Wealth Management. Matt is a financial adviser to wealthy individuals & families, including clients who have entrusted him with tens or even hundreds of millions of dollars. After decades working on Wall Street, he came to realize he’d misunderstood the meaning of wealth.

Topics: How Matt started out shining shoes & selling frozen food. · Why Matt Ludmer reveres his father as his greatest teacher. · How he scored an investment adviser job at Morgan Stanley. · What happens when our hunger for success goes too far. · How to diagnose where your life is out of balance. · How loneliness led Matt to create a “heartfelt community.”

📚 Books mentioned: The Right Mountain: Practical Wisdom for Achieving True Wealth · Buy the book · Buy the book · Buy the book

Unstoppable Success w/ Investing Legend Michael Moritz (RWH073)

19K views · 3w ago · 1:31:52

Guest: Investing Legend Michael Moritz

Inquire about William Green’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Richer, Wiser, Happier Masterclass⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Related Episodes How to Live Off Your Portfolio | Ian Cassel, Author of Stock Picker The Making of a Star Investor w/ Rob Vinall Financial Independence Isn't Luck | w/ David Fagan and Stig Brodersen

Topics: Why Michael Moritz has always felt like an outsider. · How his family’s survival was built on the kindness of others. · How his relentlessness became the key to his success. · How Oxford & Time magazine prepared him for investing. · How the novelist Philip Roth changed his life. · What Michael learned from observing Bill Gates up close.

📚 Books mentioned: Buy the book · Buy the book · Buy the book · Buy the book

Financial Independence Isn't Luck | w/ David Fagan and Stig Brodersen (TIP849)

25K views · 1mo ago · 1:10:06

Guests: Financial Independence Isn't Luck, David Fagan

Stig Brodersen speaks with David Fagan about Total Wealth Performance and why someone with average investment returns can still build a meaningful net worth. What you'll learn here Transcript & Guest Info Join a curated group of serious investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas.

Topics: Why financial independence is not luck but small habits that compound · How Stig thinks about financial independence · The ABCs of front-end performance: availability, behavior, and configuration · Why idle cash is one of the most expensive decisions an investor can make · How and why tax is a real expense

📚 Book mentioned: Buy the book

The Making of a Star Investor w/ Rob Vinall (RWH072)

32K views · 1mo ago · 1:46:47

Guest: Rob Vinall

William Green speaks with Rob Vinall, an English hedge fund manager with a terrific track record. Since launching his Business Owner Fund in 2008, he’s racked up stellar annualized returns of 15.5%. Rob almost never gives interviews but speaks in depth here about the principles & practices that have driven his success in the 20 years since he founded his firm, RV Capital—not least, his habit of betting on CEOs who view their business as their life’s work.

Topics: How Rob Vinall vaulted himself out of humble circumstances · Why he disliked working at Goldman Sachs · How he taught himself to invest during the dotcom crash · How Berkshire Hathaway’s annual meeting changed his life · How he launched a fund with no staff, no office & no track record · What he learned from Warren Buffett’s relationship with Ajit Jain

📚 Books mentioned: Buy the book · Buy the book · Buy the book

How to Live Off Your Portfolio | Ian Cassel, Author of Stock Picker (TIP846)

64K views · 1mo ago · 1:13:00

Ian Cassel discusses his new book Stock Picker, sharing lessons from years of microcap investing and how he built a portfolio that allowed him to live off his investments. What you'll learn here Transcript & Guest Info Join a curated group of serious investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas.

Topics: How Ian's first big win at 16 shaped his risk tolerance for life. · Whether Ian would take a guaranteed 20% annual return for the rest of his life.

📚 Book mentioned: Buy the book

CATL: The $280 Billion Company You've Never Heard Of | Bull vs. Bear w/Stig, Manish, & Ralph

11K views · 2mo ago · 1:21:46

Guest: Manish Karira

Stig Brodersen is joined by Manish Karira and Ralph Summerford for a bull and bear debate on CATL, the world’s largest battery maker. Manish presents the bull case, arguing that a company most listeners have never heard of is becoming the backbone of the global energy infrastructure, powering EVs, stabilizing power grids, and feeding AI data centers.

A Star Investor's Tale of Risk, Ruin & Reinvention w/ Victor Haghani (RWH071)

8.7K views · 2mo ago · 1:56:35

Guest: Victor Haghani

In this episode, William Green speaks with Victor Haghani, founder & CIO of Elm Wealth & author of The Missing Billionaires: A Guide to Making Better Financial Decisions. Victor’s journey is among the most remarkable & instructive in modern investment history. As one of the founders of Long-Term Capital Management, he experienced dazzling success & devastating failure.

Topics: How Victor Haghani’s tumultuous family history shaped him. · What he learned as a star trader on Salomon’s famed arbitrage desk. · How he honed his skills by playing high-stakes games of Liar’s Poker. · How Long-Term Capital Management hit the jackpot—for a while. · How Russia’s default in 1998 sparked a cascading disaster. · Why he defends the fund’s enormous appetite for leverage & risk.

📚 Books mentioned: Buy the book · Buy the book · Buy the book · Buy the book

How to Find Hidden Investment Treasures w/ Christopher Begg (RWH070)

11K views · 3mo ago · 2:00:26

Guest: Christopher Begg

William Green chats with Christopher Begg, a renowned hedge fund manager who is the CEO & CIO of East Coast Asset Management. Chris is also an adjunct professor at Columbia Business School, where he teaches the prestigious Security Analysis course that Ben Graham taught to Warren Buffett in 1951. Here, Chris shares rich insights about Tesla, Alphabet, SpaceX, Constellation Software, & the art of discovering great investments hidden in plain sight.

Topics: How writing helps Chris Begg to “compress complexity into essence” · How to succeed by slowing down, training your attention, & going deep · How Alphabet embodies everything he seeks in a long-duration compounder · How fears of AI disruption created enticing bargains among software stocks · Why he focuses on great businesses with 8 layers of competitive advantage · What he learned from Buffett & Munger about the power of deserved trust

📚 Books mentioned: Buy the book · Buy the book · Buy the book · Buy the book

Attending Berkshire Weekend in Omaha: A Shareholder’s POV

21K views · 3mo ago · 5:27

Curious why thousands of investors travel to Omaha every first week of May? Experience Berkshire Hathaway Weekend through the eyes of a shareholder and get a glimpse of what makes this one of the most anticipated weekends in the investing world.

The Psychology of Investing w/ BlackRock’s Emily Haisley (RWH069)

14K views · 4mo ago · 1:56:54

Guest: BlackRock’s Emily Haisley

William Green speaks with Emily Haisley, who heads the Behavioral Finance team at BlackRock, the world’s largest asset manager, with $14 trillion under management. Here, she explores the critical intersection of investing & psychology, explaining how she helps elite fund managers identify & counteract their behavioral biases, regulate their emotions, optimize their physiological state, avoid systematic mistakes, & take risks that align with their edge.

Topics: How Emily Haisley became head of Behavioral Finance at BlackRock · How her team helps fund managers recognize their behavioral biases · How to counteract a notoriously destructive bias, myopic loss aversion · Why disposition bias leads investors to hold losers & sell winners · Why it’s helpful to experience investment pain, not just learn about it · How investment teams can profit by “beating up” their decision makers

📚 Books mentioned: Buy the book · Buy the book · Buy the book

Meta, Adobe, & Booking Holdings | Stock Analysis & Valuation (TIP825)

14K views · 4mo ago · 1:06:18

Join a curated group of passionate investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas. Related Episodes Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run Lyn Alden on How Fiscal Dominance Reshapes Markets Why Simple Investing Beats Complexity w/ David Fagan

Surviving the AI Bubble: Timeless Lessons for Investors w/ Kyle Grieve (TIP823)

4.1K views · 4mo ago · 59:55

Guest: Kyle Grieve

Kyle Grieve discusses what bubbles are, why they form, and why they always feel different in real time. What you'll learn here Transcript & Guest Info Join a curated group of passionate investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas.

Topics: Why understanding bubbles is critical for long-term investor survival · How “this time is different” fuels every historical bubble · Why smart money, incentives, and career risk inflate bubbles · How investors rationalize bubbles using new, useless KPIs · The predictable emotional arc: skepticism, euphoria, panic, collapse · Why price detaches from intrinsic value during bubbles

📚 Book mentioned: Buy the book

Why Simple Investing Beats Complexity w/ David Fagan (TIP817)

11K views · 5mo ago · 1:02:40

Guest: David Fagan

Stig Brodersen and David Fagan discuss why simplicity often beats complexity in investing and life, and how clarity, focus, and consistency can lead to better long-term outcomes. What you'll learn here Transcript & Guest Info

Topics: Why you should choose simplicity over complexity in investing and life · Why complexity is hardwired into us · The simple truth about becoming financially independent · Why simplicity gives clarity and peace of mind · How we’re all driven by incentives, whether they are financial or not · Why everything in financial planning starts with savings

📚 Books mentioned: Buy the book · Buy the book · Buy the book · Buy the book

Lyn Alden on How Fiscal Dominance Reshapes Markets (TIP815)

23K views · 5mo ago · 1:03:49

Stig Brodersen and Lyn Alden discuss fiscal dominance, gold, energy, the U.S. dollar, inflation, and what it means for investors. What you'll learn here Transcript & Guest Info Join a curated group of passionate investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas.

Topics: Why you can’t ignore macro in the era of fiscal dominance · How to think about treasuries and gold with respect to their dilution rates · Who benefits and who loses from a strong dollar domestically and internationally · Whether you are benefiting from fiscal deficits as an investor and consumer · Why price controls won’t solve the problem · Why the biggest companies essentially short the US dollar

📚 Books mentioned: Buy the book · Buy the book