On today's episode, Clay brings back David Gardner to discuss his new book, Rule Breaker Investing. Throughout David’s investing career, he seemed to have taken all of Buffett’s rules to investing and thrown them out the window. In this episode, he shares his unique rule-breaking framework, providing you with the guidance and the gumption to win at investing by finding and owning the best companies of the future.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:50 - Why David decided to ignore Buffett’s value investing principles and discover his own way to invest.
08:21 - Why he decided to break Buffett’s number one rule of investing.
11:01 - The story of David’s early investment in AOL, which rose by over 150x.
21:04 - Why David neglects the phrase, “long-term investor.”
28:36 - The six traits of rule breaker stocks and the six habits of the rule breaker investor.
40:11 - Why David prefers to buy stocks that professional commenters say are overvalued.
49:46 - Why the best companies are so good they almost seem to be cheating and don’t play by traditional rules.
01:00:42 - What conscious capitalism is and how it enables all parties in business to win.
01:27:49 - His Rule Breaker stock picks for 2025.
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.
David Gardner’s book: Rule Breaker Investing.
David’s company: The Motley Fool.
Matt Ridley’s book: The Rational Optimist.
John Macket’s book: Conscious Capitalism.
Related Episode: TIP385: Breaking the Rules w/ David Gardner.
Follow David on LinkedIn & X.
Follow Clay on LinkedIn & X.
Related books mentioned in the podcast.
Ad-free episodes on 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:
Simple Mining
HardBlock
AnchorWatch
Human Rights Foundation
Linkedin Talent Solutions
Vanta
Unchained
Onramp
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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1:32:15
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1:32:15
TECH001: AI for Activists w/ Justin Moon and Shroominic (Tech Podcast)
From Oslo's spotlight to global frontlines, Justin and Shroominic share how activists are harnessing AI for storytelling, translation, and rapid response while also navigating threats from authoritarian AI.
Explore the core building blocks, decentralized models, and how anyone can begin experimenting today.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:25 - What “vibe coding” is and why it’s a game-changer
02:43 - How a live website was built with voice commands in 8 minutes
04:26 - The core message behind the Oslo Freedom Forum AI demo
04:52 - How to start using AI today, even with zero technical skills
12:10 - What “AI for Activists” really means in practice
13:24 - Real examples of AI used for translation, response, and storytelling
15:10 - A surprising story of AI making a big impact for dissidents
21:14 - How authoritarian regimes are using AI—and how to counter them
24:04 - The foundational building blocks of modern AI
33:05 - A vision for AI’s future—empowering individuals over the state
BOOKS AND RESOURCES
Nostr Account: Justin Moon.
HRF’s program: AI for Individual Rights.
Newsletter: Financial Freedom Newsletter.
X Account: Shroominic.
Nostr Account: Shroominic.
Related website: routstr.
Related books mentioned in the podcast.
Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Simple Mining
HardBlock
AnchorWatch
Human Rights Foundation
Linkedin Talent Solutions
Vanta
Unchained
Onramp
Netsuite
Shopify
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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49:43
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49:43
TIP753: The Relentless Vision That Made McDonald’s a Global Giant w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the rise of McDonald’s under Ray Kroc and the vision, systems, and persistence that transformed a small burger joint into a global empire. He explores Kroc’s leadership style, business model innovations, and the timeless lessons investors and entrepreneurs can learn from McDonald’s journey.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - The grit, adaptability, and salesmanship that made Ray Kroc unstoppable
14:42 - How a hot dog stand inspired the first McDonald’s restaurant
19:04 - Why protecting brand image was so vital to McDonald’s growth story
20:06 - How McDonald’s pivot to real estate fueled expansion
25:21 - Why standardization and systems powered McDonald’s rapid growth
28:49 - Why Kroc’s struggles with the McDonald brothers show alignment is critical
30:22 - What Jobs, Schultz, and Musk shared with Kroc as visionaries
33:54 - How McDonald’s thrived for decades despite fierce competition
40:51 - How Hamburger University aligned franchisees with Kroc’s vision
42:42 - The story behind McDonald’s product innovation successes and failures
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 Grinding It Out by Ray Kroc here.
Follow Kyle on Twitter 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
Human Rights Foundation
Linkedin Talent Solutions
Vanta
Unchained
Onramp
Netsuite
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
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1:04:33
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1:04:33
TIP752: Financial Statements Explained Simply w/ Brian Feroldi
On today's episode, Clay brings back long-time guest, Brian Feroldi, to educate our listeners on how to analyze financial statements.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:58 - An overview of the three financial statements.
13:11 - What GAAP accounting is and why the US is a good environment for investors from a regulatory perspective.
18:08 - Why Brian prefers that companies pay employees in cash rather than through stock based compensation.
30:29 - Why each dollar should be treated differently when analyzing different businesses.
37:20 - The role of financial statements in estimating a company’s intrinsic value.
37:20 - Why the P/E ratio is a useless valuation metric for growth businesses.
40:33 - Why Brian prioritizes optionality in his investment process.
43:26 - Red flags to look out for in the financial statements.
58:02 - What David Gardner taught Brian about investing.
01:01:41 - Why good investing is all about marrying the right side of your brain with the left side of your brain.
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.
Check out more financial statement visuals here.
Check out Long-Term Mindset.
Related Episode: TIP437: Why does the Stock Market Go Up? w/ Brian Feroldi.
Follow Brian on LinkedIn & X.
Follow Clay on LinkedIn & 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
Human Rights Foundation
Linkedin Talent Solutions
Vanta
Unchained
Onramp
Netsuite
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
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1:01:17
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1:01:17
BTC251 : Tech Abundance w/ Jeff Booth
Preston and Jeff discuss the expansion of the Bitcoin Fundamentals podcast to include cutting-edge topics like AI, robotics, and nuclear tech, all viewed through a Bitcoin and decentralization lens.
They examine the impact of exponential technological growth, open-source innovation, and international competition. The conversation closes with a powerful message: the future of tech must reconnect with human agency and identity.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:37 Why Preston is expanding the podcast beyond Bitcoin into broader tech themes.
04:07 - Why decentralized systems like Bitcoin are crucial in a high-tech world.
07:05 - Why deflation is natural in a free market and what’s preventing it.
09:00 - How AI and robotics are reshaping labor and automation.
12:50 - How open-source technologies challenge centralization.
17:00 - What Tesla’s Optimus robot signals about the future of automation.
18:49 - The role of international tech competition, especially from China.
24:33 - How synthetic environments are accelerating AI training for robotics.
34:19 - How demographic trends intersect with economic and tech paradigms.
40:29 - The vision of a hopeful tech future rooted in human consciousness.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Jeff’s Book: The Price of Tomorrow.
Nostr account: Jeff Booth.
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?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Simple Mining
HardBlock
AnchorWatch
Human Rights Foundation
Linkedin Talent Solutions
Vanta
Unchained
Onramp
Netsuite
Shopify
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
About We Study Billionaires - The Investor’s Podcast Network
We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
We Study Billionaires is the largest stock investing podcast show in the world with 180,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve.
This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.
And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Listen to We Study Billionaires - The Investor’s Podcast Network, Dare to Lead with Brené Brown and many other podcasts from around the world with the radio.net app
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