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The best podcasts on investing. For anyone interested in the stories in the investing industry, whether it's an interview with Ray Dalio or Ed Thorp to the writer of The Big Short. This topic includes the most fascinating stories from all the best investors. Add episodes you're interested into your queue below!

Read more

The best podcasts on investing. For anyone interested in the stories in the investing industry, whether it's an interview with Ray Dalio or Ed Thorp to the writer of The Big Short. This topic includes the most fascinating stories from all the best investors. Add episodes you're interested into your queue below!

Josh Wolfe Discusses Innovative Investments (Podcast)

Masters in Business
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Bloomberg Opinion columnist Barry Ritholtz interviews Josh Wolfe, co-founder and managing partner at Lux Capital and a director at Shapeways, Strateos, Lux Research, Kallyope, CTRL-labs and Variant. He is also a founding investor and board member with Bill Gates at Kymeta, which makes cutting-edge antennas for high-speed global satellite and space communications. A Westinghouse semi-finalist and a published scientist, Wolfe previously worked in investment banking at Salomon Smith Barney and in capital markets at Merrill Lynch. 

Aug 16 2019

1hr 23mins

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Bill Gurley – All Things Business and Investing - [Invest Like the Best, EP.137]

Invest Like the Best
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My guest this week is Bill Gurley, a general partner at Benchmark Capital and one my favorite investment thinkers. As you’ll hear, despite enormous success through his career, Bill is clearly still in love with business and investing. Where many might discuss past glories, I’ve been incredibly impressed with how both Bill and his partners emphasize the current portfolio and market landscape. I’m thankful to have had the chance to speak with him in this format. I hope you enjoy our conversation.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Show Notes

1:13 - (First Question) – The idea of increasing returns

            1:21 – Competiting Technologies, Increasing Returns, and Lock-in By Historical Events

            2:07 – Complex Systems Theory – Santa Fe Institute

4:35 – Markers that could be a sign of network effect in a company

6:27 – The opportunities for companies to capture network effect

8:46 – Are there certain teams/leaders that are more conducive to leading a network effect company

11:55 – Liquidity quality

13:35 – How important is the revenue model at the beginning

15:59 – Fascination with Nextdoor

            17:56 – Paradox of Choice

18:39 – Finding opportunities

20:17 – Potential marketplaces and assets that could be commoditized

            20:20 – All Markets Are Not Created Equal: 10 Factors To Consider When Evaluating Digital Marketplaces

21:39 – Usage yield on the world’s assets

23:50 – Has technology changed the world of value investing

26:28 – Hyper niche marketplaces

27:52 – Challenges of labor marketplaces

30:12 – User generated content businesses

32:44 – People who are capable of building UGC businesses

33:16 – His interest in Discord

34:31 – Factors of a healthy marketplace

37:57 – Fools’ gold in marketplace businesses

39:04 – How influx of cash is impacting the marketplace business landscape

            40:43 – All Revenue is Not Created Equal: The Keys to the 10X Revenue Club

43:20 – How does the influx of money into the space impact him

46:44 – Spending money to attack top brands

50:32 – Regulatory capture

53:36 – His thoughts on the IPO market

57:49 – How did he realize this was his passion

1:00:42 – Qualifying his passion

1:01:52 – Favorite thing about working with entrepreneurs

102:48 – Honing your craft

1:04:33 – Making yourself a good mentor

1:05:56 – Kindest thing anyone has done for him

Learn More

For more episodes go to InvestorFieldGuide.com/podcast

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

Jul 02 2019

1hr 8mins

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#8: Raoul Pal on Putting Together the Global Macro Puzzle

Superinvestors and the Art of Worldly Wisdom
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Raoul Pal readily admits he had the good fortune of being in the right place at the right time very early in his investment career. After getting his start during the depths of the recession brought on by the savings and loan crisis, Raoul eventually found himself covering the hedge fund industry for Goldman Sachs. Here he was essentially mentored by the likes of Louis Bacon, Julian Robertson and Paul Tudor Jones. In this conversation, Raoul discusses the lessons he learned during this time, the greatest trade he ever witnessed and how these helped form the global macro investing framework he uses today. He also shares some of his current investment ideas along with what he sees as the most glaring and massive risk to individual investors over the coming decade. For links and charts related to this episode visit TheFelderReport.com.

Jul 12 2017

1hr 3mins

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Michael Mauboussin – Active Asset Management - [Invest Like the Best, EP.02]

Invest Like the Best
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Michael Mauboussin, Managing Director and Head of Global Financial Strategies at Credit Suisse, joins Patrick to discuss the current state of the asset management business, explore all of the stages of the investment process, and what edges might exist for those trying to beat the market. 

For comprehensive show notes on this episode go to investorfieldguide.com/mauboussin/

For more episodes go to InvestorFieldGuide.com/podcast

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

Sep 20 2016

1hr 34mins

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Ed Thorp, The Man Who Beat The Dealer and The Market

Masters in Business
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Bloomberg View columnist Barry Ritholtz interviews Ed Thorp, one of the most storied people in finance. A math professor at MIT and UC Ivine, Thorp figured out how to beat Las Vegas at blackjack and baccarat, created statistical arbitrage, and ran a hedge fund that not only beat the market by a wide margin, but never had a losing quarter. He is the author of several books, including "Beat the Dealer" and "Beat the Market"; his latest book is "A Man for All Markets." Thorp tells Ritholtz that the secret to beating the market is having an edge that's specific, definable and mathematical. If you don't, you should be in index funds instead. This interview aired on Bloomberg Radio.

Jul 14 2017

1hr 41mins

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Interview With Jack Bogle: Masters in Business (Audio)

Masters in Business
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March 11 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Jack Bogle, Founder of the Vanguard Group, Inc., and President of the Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as Chairman and Chief Executive Officer until 1996 and Senior Chairman until 2000. This interview aired on Bloomberg Radio.

Mar 11 2016

1hr 25mins

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TIP 120 : Warren Buffett's Clone: Mohnish Pabrai - Part I (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network
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In this episode, you'll learn:

  • How Mohnish accumulated business knowledge from the age of 11
  • Why Mohnish is one of the very best and respected investors in the value investing community
  • What special advantages people like Bill Gates and Warren Buffett had to become so successful
  • How Mohnish set up and ran a business like Warren Buffett and Charlie Munger
  • Why investing is not a team sport


Click here to get full access to our show notes.

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Jan 08 2017

39mins

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Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)

Capital Allocators
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Michael Mauboussin currently is the Director of Research at BlueMountain Capital, a multi-billion dollar hedge fund and asset manager.  He spent the majority of his professional career thinking and writing about decision making, behavior and complex systems, with long stints at Credit Suisse and nearly a decade alongside Bill Miller at Legg Mason.  Michael has been an Adjust Professor at Columbia Business School for 24 years.

Our conversation covers Michael’s early career, the paradox of skill, academic research more favorable to active management, decision-making, optimal size and composition of teams, unsettling features in the market, data analysis in sports, career risk, the Santa Fe Institute, and Michael’s new research on the horizon.

Every time I speak to Michael I come away thinking better and feeling smarter, and this time was no exception.

For more episodes go to CapitalAllocatorsPodcast.com/Podcast

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Follow Ted on twitter at @tseides

Join Ted’s mailing list at CapitalAllocatorsPodcast.com

Show Notes

1:48 - What was Michael like as a kid

2:26 – How Michael found his way to Wall Street

6:18 – His start as an analyst in consumer and packaged goods

7:52 – Why there are no .400 hitters in active management and the paradox of skill

            8:15 – Full House: The Spread of Excellence from Plato to Darwin

14:26 – Why have there been massive flows into index funds over the last 3-4 years

15:44 – Academic research supporting active management

            16:09 – Mutual Fund Flows and Performance in Rational Markets

            16:25 - On the Impossibility of Informationally Efficient Markets

            22:52 - Indexing and Active Fund Management: International Evidence

23:12 – Do these trends also apply in global markets

            24:01 - The Mutual Fund Industry Worldwide: Explicit and Closet Indexing, Fees, and Performance

25:22 – What has Michael discovered in his new role at Blue Mountain through his new credit lens

            27:49 – Amazon, the world’s most remarkable firm, is just getting started

30:02 – What are some of the lenses that Michael uses when dealing with allocators

35:02 – How does Michael go about interviewing for a team while taking into account their biases

            36:19 – The Rationality Quotient: Toward a Test of Rational Thinking

36:37 – Biggest risks in the markets today

            37:31 – Banks to Funds: Have Some Leverage With That Deal

39:45 – Liquidity in the markets

41:26 – What’s most interesting to Michael about the merging of data and sports

            41:34 – The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing

            43:42 – Big Data Baseball: Math, Miracles, and the End of a 20-Year Losing Streak

            44:32 – Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won

45:57 – Psychological bias in sports

 46:16 - Malcom Gladwell Podcast: The Big Man Can't Shoot

47:23 – Psychological bias in investment management

            47:40 – Scott Malpass on Capital Allocators

48:44 – Michael’s work with the Santa Fe institute

            53:08 – Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies

54:40 – Next big piece of research Michael is working on

            57:53 – The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction

57:59 – Should Michael be using his skills elsewhere in the context of a world where so many advocate for just indexing

            1:01:36 – Charley Ellis on Capital Allocators

1:02:31 – CLOSING QUESTIONS

Jan 08 2018

1hr 11mins

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Danny Moses - The Big Short and Beyond - [Invest Like the Best, EP.34]

Invest Like the Best
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My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation with mortgage-backed securities during the financial crisis, and how to build a portfolio to bet against the U.S. housing market. We cover his part in the Big Short story, but also lots of other interesting ground, including the state of sell-side research and financial markets. I love conversations with traders because they live and breathe market risk. You’ll be able to see why quickly in this great conversation with Danny Moses.

For comprehensive show notes on this episode go to http://investorfieldguide.com/danny

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Apr 25 2017

1hr 10mins

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Interview With Daniel Kahneman: Masters in Business (Audio)

Masters in Business
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August 4 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Daniel Kahneman, who is a professor emeritus of psychology and public affairs at Princeton University and a fellow of the Federmann Center for the Study of Rationality at the Hebrew University of Jerusalem. This commentary aired on Bloomberg Radio.\u0010\u0010(Barry Ritholtz is a Bloomberg View columnist. The opinions expressed are his own.)

Aug 04 2016

1hr 6mins

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