TIP596: Building Wealth Through High-Quality Stocks w/ Stig Brodersen and Clay Finck

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 31 December 2023

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s show, Stig Brodersen talks with co-host Clay Finck. They outline how and why you should invest in high-quality businesses. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:43 - How to identify the best businesses 06:00 - Why you need to focus on barriers of entry when assessing a stock 06:44 - Why competition is for losers 18:28 - When management is important and not important in high-quality investing 23:07 - How you want the management to be compensated 24:41 - Why insider ownership is not only important but even more so how it was acquired. 57:13 - Why you should invest in stocks with two engines 1:03:01 - What is the Berkshire Summit, and how do you attend? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Our episode with Christian Billinger about quality investing | YouTube Video. Our episode on The Outsiders about the best CEOs | YouTube Video. Our episode about Dino Polska. A compounder with high insider ownership | YouTube Video. Chris Mayer’s book, 100-baggers - read reviews of this book. Lawrence Cunningham’s book, Quality Investing - read reviews of this book. Robert Pirsig’s book, Zen and the Art of Motorcycle Maintenance - read reviews of this book. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Check out our We Study Billionaires 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. 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: River Efani Salesforce Toyota Vanta Babbel Shopify Notion AI NetSuite Noble Gold Investments Ka'Chava 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:03.0	In today's episode, my co-host Clay Fingey and I discuss how and why we should invest in high quality businesses.
0:09.0	It is a bit ironic that we're doing this episode almost 10 years into the tenure of the
0:14.0	investors podcast. I remember reading about Buffett earlier in my investment
0:18.2	career and how long it took him to realize that investing in high quality companies is the best approach.
0:24.0	Now investing in high quality companies intuitively sounds easy but it's so hard to pay off a
0:30.1	quality. Our brains just things linearly and not exponentially, which is how we should be thinking
0:35.8	to understand the power of Buffett's best investments.
0:39.1	Join Clay and me as we explore the benefits of high quality businesses in today's episode and if you
0:45.4	plan to go to Omaha for the Berkshire-Hallowways annual shareholders meaning make sure
0:49.2	to stay until the very end to learn more about our events. We talk about how you can meet our host, William Green,
0:55.6	Clay Fing, and Cal Greve, but also guest of the podcast and this is including but not limited to
1:01.6	Anthony Kingsley, Fongsuau-Shang and Chris Beck.
1:05.0	You are listening to The Investors Podcast, where we study the financial markets and read the books that influence
1:15.2	self-made billionaires the most.
1:17.3	We keep you informed and prepared for the unexpected. Welcome to the MS-S-TUS podcast. I'm your host Dick Brodisson and I'm here with my co-host Clay how are you today?
1:36.0	Doing great Stig it's always great to chat with you on the show and excited to dive into today's episode.
1:43.0	I'm excited too, talking about high quality investing.
1:47.0	And you know, one of the things that I learned early on is that if you pick the wrong stocks,'re going to lose money and you might be thinking
1:54.7	steak that's so obvious like yes of course you're going to lose money if you don't pick the right
1:58.8	stocks but I want to add something to that because it probably sounded too obvious.
2:03.4	There is something to be said about buying high quality businesses because if you're right about
	...

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