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TIP685: Top Takeaways From 2024 w/ Kyle Grieve & Clay Finck

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Content provided by Stig Brodersen and The Investor's Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Stig Brodersen and The Investor's Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In today's episode, Kyle Grieve is joined by co-host Clay Finck to summarize key learnings from 2024. We chat about the importance of focus and avoiding confusing noise, data that shows how difficult individual stock picks are to succeed in, why you should welcome disconfirming evidence, the impermanence of seemingly impenetrable businesses, how to close feedback loops to ensure investments are on the right track, the importance of being trustworthy and reliable, and much more!

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:11 - Why investors need to focus on the things that matter and how to avoid spending time on noise.

09:19 - Why investors should be aware of the base rates of success of investing in individual stocks (hint, making money is a lot harder than you think).

25:42 - How you can utilize and search out disconfirming evidence to improve your thinking processes.

29:46 - The impermanence of business success and the importance of updating your thinking when new information becomes available.

33:00 - The three sources of investing returns that drive the performance of a stock.

42:53 - How to use punctuated equilibrium to be active at the correct times and inactive at the proper times.

50:52 - Critical lessons on how to close feedback loops for long-term investors.

1:00:29 - How to utilize the "cone of uncertainty" to signal conviction in great ideas.

1:02:49 - Why a great business can still have times of high uncertainty.

1:07:00 - The importance of being trustworthy and reliable.

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.
  • Listen to Clay’s interview with Chris Mayer here | YouTube Video.
  • Listen to Clay’s interview with Hendrick Bessimbinder here | YouTube Video.
  • Listen to William Greens’ interview with Bryan Lawrence here | YouTube Video.
  • Listen to Clay’s interview with Morgan Housel here | YouTube Video.
  • Listen to Clay’s interview with John Huber here | YouTube Video.
  • Listen to Kyle’s review of What I Learned About Investing From Darwin here | YouTube Video.
  • Listen to Kyle’s interview with Annie Duke here | YouTube Video.
  • Listen to Kyle’s review of the Nomad Partnership Letters here | YouTube Video.
  • Listen to Stig’s interview with Mohnish Pabrai here | YouTube Video.
  • Follow Kyle on Twitter and LinkedIn.
  • Check out all the books mentioned and discussed in our podcast episodes here.
  • Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! 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!

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

  continue reading

996 episoade

Artwork
iconDistribuie
 
Manage episode 456898045 series 1394353
Content provided by Stig Brodersen and The Investor's Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Stig Brodersen and The Investor's Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In today's episode, Kyle Grieve is joined by co-host Clay Finck to summarize key learnings from 2024. We chat about the importance of focus and avoiding confusing noise, data that shows how difficult individual stock picks are to succeed in, why you should welcome disconfirming evidence, the impermanence of seemingly impenetrable businesses, how to close feedback loops to ensure investments are on the right track, the importance of being trustworthy and reliable, and much more!

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:11 - Why investors need to focus on the things that matter and how to avoid spending time on noise.

09:19 - Why investors should be aware of the base rates of success of investing in individual stocks (hint, making money is a lot harder than you think).

25:42 - How you can utilize and search out disconfirming evidence to improve your thinking processes.

29:46 - The impermanence of business success and the importance of updating your thinking when new information becomes available.

33:00 - The three sources of investing returns that drive the performance of a stock.

42:53 - How to use punctuated equilibrium to be active at the correct times and inactive at the proper times.

50:52 - Critical lessons on how to close feedback loops for long-term investors.

1:00:29 - How to utilize the "cone of uncertainty" to signal conviction in great ideas.

1:02:49 - Why a great business can still have times of high uncertainty.

1:07:00 - The importance of being trustworthy and reliable.

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.
  • Listen to Clay’s interview with Chris Mayer here | YouTube Video.
  • Listen to Clay’s interview with Hendrick Bessimbinder here | YouTube Video.
  • Listen to William Greens’ interview with Bryan Lawrence here | YouTube Video.
  • Listen to Clay’s interview with Morgan Housel here | YouTube Video.
  • Listen to Clay’s interview with John Huber here | YouTube Video.
  • Listen to Kyle’s review of What I Learned About Investing From Darwin here | YouTube Video.
  • Listen to Kyle’s interview with Annie Duke here | YouTube Video.
  • Listen to Kyle’s review of the Nomad Partnership Letters here | YouTube Video.
  • Listen to Stig’s interview with Mohnish Pabrai here | YouTube Video.
  • Follow Kyle on Twitter and LinkedIn.
  • Check out all the books mentioned and discussed in our podcast episodes here.
  • Enjoy ad-free episodes when you subscribe to our Premium Feed.


NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! 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!

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

  continue reading

996 episoade

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