TIP684: Current Market Conditions & Poor Charlie's Almanack w/ Stig Brodersen & Clay Finck

[We Study Billionaires - The Investor’s Podcast]

On today’s episode, Clay Finck invites Stig Brodersen to discuss current market conditions and one of Stig’s favorite books — Poor Charlie’s Almanack.



IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:23 - How Stig and Clay think about today’s market.

08:02 - Why we expect the stock market to continue to hit new all-time highs.

08:02 - How Stig is protecting himself against potential inflation going forward.

39:49 - Why Stig re-reads Poor Charlie’s Almanack each year.

49:55 - The psychological biases we need to be mindful of.

01:02:14 - How the endowment effect can be detrimental to our portfolio’s returns.

01:11:45 - How we can apply Munger’s principle of inversion to our lives and our portfolios.

01:27:00 - How you can attend the live events TIP is hosting in Omaha during the Berkshire weekend.

And so much more!



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, Kyle, and the other community members.
• Book discussed: Poor Charlie's Almanack.
• Join our highly vetted community of value investors here.
• Check out Stig’s portfolio here.
• Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page.
• Follow Clay on Twitter.
• Check out all the books mentioned and discussed in our podcast episodes here.
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