MI327: Unpacking the Secrets of the World’s Greatest Investors w/ Clay Finck

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6 • 592 Ratings

🗓️ 13 February 2024

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week’s episode, Patrick Donley sits down with Clay Finck, host of We Study Billionaires. They do a deep dive into what Clay has learned since becoming a host at TIP, what his biggest takeaways from his favorite interviews have been, who his favorite investors are, how he structures his own portfolio and handles volatility, why The Joys of Compounding is an important book to him, and much more! Clay is a value investor who has been inspired by Chris Mayer, Nick Sleep, and Charlie Munger. He is the host of We Study Billionaires and also helps run TIP’s Mastermind community, an initiative he kickstarted in 2023. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro. 02:00 - How Clay first got turned on to the world of value investing. 05:12 - What his first career steps were. 08:27 - What his thoughts are on index investing vs. active investing. 10:49 - How his transition from actuarial science to host of TIP went. 13:56 - What he’s learned since starting as a host as TIP and how his life has changed. 21:38 - How he has used Twitter to share his ideas. 27:11 - What he learned from Morgan Housel’s new book. 30:05 - Who he’d love to sit next to on a flight from Nebraska to New York to learn from. 47:05 - What his goal is as an investor. 50:19 - How the TIP Mastermind community has been going and what its benefits are. 58:33 - Why The Joys of Compounding is an important book for Clay. 64:52 - What’s in Clay’s portfolio and what some of his favorite holdings are. 69:48 - How he deals with volatility in his portfolio and what his typical holding period is. *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. Recommended book: Rich Dad Poor Dad by Robert Kiyosaki. Recommended book: The Compound Effect by Darren Hardy. Recommended book: Atomic Habits by James Clear. Recommended book: The Snowball by Alice Schroeder. Recommended book: The Simple Path to Wealth by JL Collins. Recommended book: Where the Money Is by Adam Seessel. Recommended book: Same as Ever by Morgan Housel. Recommended book: How Do You Know? by Chris Mayer. Recommended book: Dhando Investor by Mohnish Pabrai. Recommended book: Richer, Wiser, Happier by William Green. Recommended book: One Up On Wall Street by Peter Lynch. Recommended book: Zen and the Art of Motorcycle Maintenance by Robert Pirsig. Recommended book: The Joys of Compounding by Gautam Baid. Check out TIP587: Dino Polska: A Polish Compounder | YouTube video. Check out TIP604: Best Quality Idea Q1 2024—Evolution AB | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter Connect with Clay: Website | Twitter 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

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0:00.0	You're listening to TIP.
0:02.2	There's a quote, I think, that's attributed to Monish, ProBri, that goes along the lines of,
0:06.8	I don't want to hear what you think.
0:08.5	I want to know what's in your portfolio.
0:10.4	Show me your portfolio.
0:11.8	So I wanted to talk a little bit about that and hear about your own portfolio and how you've got it structured.
0:19.3	Hey, guys, in today's episode, I had the good fortune of sitting down and talking with
0:23.1	Clay Fink, host of We Study Billionaires at TIP.
0:26.6	We did a deep dive into what Clay has learned since becoming a host at TIP.
0:30.6	What his biggest takeaways from his favorite interviews have been?
0:33.8	Who his favorite investors are?
0:35.5	How he structures his own portfolio, and handles volatility,
0:39.1	why the joys of compounding is an important book to him and a whole lot more. Clay is a value
0:44.1	investor who's been inspired by Chris Mayer, Nick Sleep, and Charlie Munger. He's the host of
0:48.5	we study billionaires, as I mentioned, and also helps run TIP's Mastermind Community, an initiative
0:53.2	that he kickstarted in
0:54.5	2003.
0:56.6	I've been wanting to get Clay on the show for quite a while, hear about his own portfolio,
1:00.1	hear about how he's been influenced by the interviews that he's done, and this was a lot of fun
1:04.2	for me.
1:04.6	And so, without further delay, let's dive into today's episode with Clay Fink.
1:20.0	Celebrating 10 years, you are listening to Millennial Investing by the Investors Podcast Network.
	...

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