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

[We Study Billionaires - The Investor’s Podcast]

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 the books mentioned in the podcast 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

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• River
• Toyota
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• Fundrise
• iFlex Stretch Studios
• Public
• NerdWallet
• American Express
• Shopify
• NetSuite

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