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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI114: Contrarian Thinking w/ Codie Sanchez

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 13 October 2021

⏱️ 37 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 05:44 - Why does Codie think the saying "Money can't buy you happiness" is wrong? 17:24 - Why rental properties might be a dumb idea according to Codie. 22:21 - How Codie financed a laundromat deal that went viral on Twitter because it net $67,000 when it only needed $100,000 to close. 24:41 - What is the difference between buying a passive business and not just buying a job? 33:36 - What the quote, “The world is the classroom, the school is the prison,” means. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Get a FREE audiobook from Audible. Read the 9 Key Steps to Effective Personal Financial Management. Check out our Investing Starter Packs about business and finance. Check out our Investing Starter Packs about real estate. Codie Sanchez’s Twitter Thread 10 Hard Truths About Getting Rich. Codie Sanchez’s free e-book 28 Passive Income Ideas. Christopher Hitchen's book Letter to a Young Contrarian. Andrew Robert's book Churchill: Walking with Destiny. Morgan Housel’s book The Psychology of Money. David Swensen’s book Unconventional Success. Mark Manson’s book Subtle Art: Counterintuitive Approach to Living a Good Life. All of Robert’s favorite books. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Codie: Website | Twitter| LinkedIn  Connect with Robert: Website | Twitter | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  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 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 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 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 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 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 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 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

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.3

It's all about opportunity costs, right?

0:04.8

So in everything in life, if you want to go out on a Friday night with your friends, you can't stand and watch that Netflix movie. If you want to go to a concert, you can't go out and go to a dinner. You have to pick, right? And for every decision you make, there's some constraint, which means you don't get to do something else. And with investing, and when you have money, you have to think about where can my little soldiers, where can my little army of soldiers go best

0:24.2

and attack the one reason that I have them out there fighting anyway?

0:30.8

On today's show, I talk with Cody Sanchez about where her curiosity for becoming a contrarian

0:36.0

came from, why rental properties might actually

0:38.4

be a dumb idea, her favorite ways of building cash flow with no money, and a bunch more.

0:44.2

Cody Sanchez is a reformed journalist turned institutional investor. She is now a managing

0:49.2

director and partner at Autourage Effect Capital. Since its inception in the summer of 2014, EEC has deployed

0:56.7

over $100 million into over 65 companies out of its two dedicated funds and co-investments.

1:03.4

Throughout her career, she has worked at the intersection of marketing and money, finding contrarian

1:07.7

ways to invest. She's always balanced her profession with non-profit service to empower women, veterans, and Latinos.

1:14.7

Before we get into the actual episode, just a couple quick housekeeping items.

1:20.4

First, towards the end of the episode, Cody's computer unfortunately died,

1:25.0

so the interview ended a bit shorter than we would have liked,

1:28.0

which you'll hear at the end. But the first half that was recorded, which you guys here in this

1:32.7

episode, had some awesome nuggets that I wanted to make sure got shared. Cody's team and my team

1:38.9

are working on finding a new time to get this episode finished. So if you like this first part,

1:44.0

be sure to stay tuned for part episode finished. So if you like this first part, be sure to

1:45.0

stay tuned for part two. Also, if you haven't already, be sure to follow me on Instagram and

1:50.6

Twitter. My username is the Robert Leonard. I share a bunch of different types of content frequently,

1:56.6

typically around how real estate and money works, but I also share quite a bit about fitness and

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