We Study Billionaires - The Investor’s Podcast Network

In this episode, Clay explores the extraordinary rise of Tesla and how Elon Musk transformed it from a niche electric car startup into one of the most valuable companies in the world. Since its IPO in 2010, Tesla has compounded at an incredible 47% per year and completely reshaped the automotive industry through software-driven vehicles, vertical integration, and their global charging network. IN THIS EPISODE YOU’LL LEARN: 00:00:00 Intro 00:02:00 How Tesla evolved from a niche EV startup into a trillion-dollar company 00:12:53 Why Elon Musk’s bold leadership and risk tolerance shaped Tesla’s success 00:27:03 How vertical integration and software-driven vehicles give Tesla an edge 00:32:31 How competition from BYD and legacy automakers impacts Tesla’s growth outlook 00:38:27 What Tesla’s Master Plan Part IV reveals about its future in AI and robotics 00:41:08 Why the energy segment and battery innovation could rival the auto business 01:02:28 What investors can learn from Musk’s “capacity to suffer” mindset 01:05:19 Why Tesla’s valuation depends on optionality from Optimus and Robotaxi 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 [https://www.theinvestorspodcast.com/mastermind-2/] to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. * Walter Isaacson’s book: Elon Musk [https://www.amazon.com/Elon-Musk-Walter-Isaacson/dp/1982181281?crid=2CHMUOBP5FPB7&dib=eyJ2IjoiMSJ9.uYkeaYkXIVKae3zGi3B0UHnIG-h7GDNjSUe9pxrDBdvOSsocOEHkyoZEhkiHfqtq2oh8x1837HUteZh35nv82v6XKz9LDjlgx2cWzL7gPzU_rY-n2X5VnP4mvSCipiwC5zauKnWMx4ab1FLeHgnEMnayujtIQGRWLd1-5PmYB5cIoZtK5KH1HaLojKxy1R2OGfBmISIVt5K7x8ksBjejPDPU1P7_zjB7um64Fpl13YZNef2aqWxsNmfRASzfRsoZs1n8lDwMaJerxA9d6cFthIP50Jxm-kM-Zho02Mr47vw.r71Dh490r1ny1okeEdSbuVa0VCFuO1_OFlQgsWfxNDw&dib_tag=se&keywords=elon+musk&qid=1760127019&sprefix=elon+musk%2Caps%2C97&sr=8-1-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9hdGY&psc=1&linkCode=ll1&tag=tipnetwork-20&linkId=05eef917f8b43f098c609e02d19b502c&language=en_US&ref_=as_li_ss_tl]. * Mentioned Episode TIP593: Elon Musk by Walter Isaacson [https://www.theinvestorspodcast.com/episodes/elon-musk-by-walter-isaacson/]. * Follow Clay on ⁠⁠⁠LinkedIn⁠⁠⁠ [https://www.linkedin.com/in/clay-finck-8073a8a7/] & ⁠⁠⁠X⁠⁠⁠ [https://twitter.com/Clay_Finck]. * Related ⁠⁠⁠books⁠⁠⁠ [https://prodcast.io/collections/we-study-billionaires-the-investor-s-podcast-network] mentioned in the podcast. * Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://premium.theinvestorspodcast.com/]. 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SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠sponsors⁠⁠⁠⁠ [https://theinvestorspodcast.com/sponsors]: * ⁠Simple Mining⁠ [https://simplemining.io/preston] * ⁠Human Rights Foundation⁠ [https://financialfreedomreport.org/] * ⁠Unchained⁠ [https://unchained.com/fundamentals] * ⁠HardBlock⁠ [https://www.hardblock.com.au/join/fundamentals] * ⁠Vanta⁠ [https://www.vanta.com/billionaires] * ⁠LinkedIn Talent Solutions⁠ [https://linkedin.com/studybill] * ⁠Kubera⁠ [https://kubera.com/wsb] * ⁠Netsuite⁠ [https://netsuite.com/study] * ⁠Shopify⁠ [https://shopify.com/wsb] * ⁠reMarkable⁠ [https://remarkable.com/] * ⁠Onramp⁠ [https://onrampbitcoin.com/] * ⁠Public.com⁠ [http://public.com/] * ⁠Abundant Mines⁠ [https://abundantmines.com/Preston] * ⁠Horizon⁠ [https://joinhorizon.com/] Support our show by becoming a premium member! ⁠⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠⁠⁠ [https://theinvestorspodcastnetwork.supportingcast.fm] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices] Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm [https://theinvestorspodcastnetwork.supportingcast.fm]

Preston and Jevi unpack the double-edged sword of modern technology. They examine how social media, AI, EMFs, and LED lights impact our well-being, and offer real-world privacy solutions like Graphene OS and open-source photo apps. From sleep disruption to self-sovereignty, they advocate for mindful tech use and explore how AI can act as a “second brain” while respecting user privacy. IN THIS EPISODE YOU’LL LEARN: 00:00:00 Intro 00:03:50 How social media algorithms can both help and harm your mental well-being 00:07:56 The benefits of switching to privacy-respecting platforms like Nostr 00:09:32 What self-sovereignty in digital spaces really means 00:12:14 Why being intentional about digital content consumption is crucial 00:12:55 How to use AI and LLMs responsibly as personal information tools 00:18:38 Real-life alternatives to Big Tech’s data-hungry photo storage services 00:29:10 The hidden risks of EMF exposure from common devices 00:38:49 Why LED lights and blue light can disrupt your sleep 00:42:35 Practical tools to mitigate tech’s effects, like Daylight Tablets and color filters 00:47:12 How to strike a balance between tech’s convenience and its consequences 00:51:36 Outro BOOKS AND RESOURCES * Daylight Computers [https://maple.inc/get-started> Maple%20AI %0A%20%20

In this episode, Stig Brodersen welcomes back one of the most insightful voices in global macroeconomics, Lyn Alden. In this wide-ranging conversation, they explore the shifting landscape of the U.S. dollar and its role in a rapidly changing world. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:11 - Whether we’re moving from a US dollar system to a three-polar currency system 09:14 - The relationship between the fiscal deficit and the US dollar 18:51 - Why the US dollar may not go back to the strength it had in 2022 any time soon 22:23 - How to use US dollar sanctions (if at all) to achieve your goals 37:01 - Whether the US effectively implements capital controls 41:55 - What would happen if the Fed lost its independence 50:16 - Can the fiscal budget effectively balance? 57:18 - How to think about investing in high-quality equity investing in an era of fiscal dominance Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES * Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/mastermind-2/] to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. * Lyn Alden’s book, Broken Money [https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6?&linkCode=ll1&tag=tipnetwork-20&linkId=2a06534d42070fe3264b468f9644ba8e&language=en_US&ref_=as_li_ss_tl]. * Our interview with Lyn Alden about Investing during Fiscal Dominance. [https://www.theinvestorspodcast.com/episodes/how-to-invest-during-fiscal-dominance-w-lyn-alden/]  * Our interview with Lyn Alden about Gold.  * Our interview with Lyn Alden about Currencies and Debt. [https://www.theinvestorspodcast.com/episodes/currencies-and-debt-w-lyn-alden/] * Our interview with Lyn Alden about her book, Broken Money. [https://www.theinvestorspodcast.com/episodes/broken-money-1-w-lyn-alden/] * Our interview with Lyn Alden about How the Fed Went Broke. [https://www.theinvestorspodcast.com/episodes/how-the-fed-went-broke-w-lyn-alden/] * Our interview with Lyn Alden about Macro and the Energy Market. [https://www.theinvestorspodcast.com/episodes/macro-and-the-energy-market-w-lyn-alden/] * Our interview with Lyn Alden about Money [https://www.theinvestorspodcast.com/episodes/what-is-money-w-lyn-alden/]. * Kenneth Rogoff’s book, Our Dollar Your Problem [https://www.amazon.com/Our-Dollar-Your-Problem-Turbulent/dp/0300292287?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.X6arJk2HFyNNM2rCDNmIA1-yp6JiXpWlTESql2GLJM7Ub5HC_rMLUYQW-GRzgzXNiRZDnQOTjz6plbhIxaulti0nnSbII746zxEsNcCIHPLSs4yZdiIQv6vi2_xxYT4NSXsDZcIEv4oHyI1ifoddotJTeXPeXEnQ9BjsxmA8yJje7ZuFJsqZI0tv3I9PE0Kdagvxs2ZXVn7se4FKT6Dj6Ap2a1kGA7HUUdhexM_1dKU.YWAdZg6TJtGFUC5kFU5CcNiBkf_u62aBQ_nY8DKQ2xE&qid=1760129877&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=0bfe3608f70a183cc80cac9969b720ac&language=en_US&ref_=as_li_ss_tl]. * Lyn Alden's free website. [https://www.lynalden.com/] * Related ⁠⁠⁠books⁠⁠⁠ [https://prodcast.io/collections/we-study-billionaires-the-investor-s-podcast-network] mentioned in the podcast. * Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://premium.theinvestorspodcast.com/]. 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SPONSORS Support our free podcast by supporting our sponsors [https://theinvestorspodcast.com/sponsors]: * Simple Mining [https://simplemining.io/preston] * Human Rights Foundation [https://financialfreedomreport.org/] * Unchained [https://unchained.com/fundamentals] * HardBlock [https://www.hardblock.com.au/join/fundamentals] * Vanta [https://www.vanta.com/billionaires] * LinkedIn Talent Solutions [https://linkedin.com/studybill] * Kubera [https://kubera.com/wsb] * Netsuite [https://netsuite.com/study] * Shopify [https://shopify.com/wsb] * reMarkable [https://remarkable.com/] * Onramp [https://onrampbitcoin.com/] * Public.com [http://public.com/] * Abundant Mines [https://abundantmines.com/Preston] * Horizon [https://joinhorizon.com/] Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm [https://theinvestorspodcastnetwork.supportingcast.fm] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices] Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm [https://theinvestorspodcastnetwork.supportingcast.fm]

On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, The Art of Spending Money — Simple Choices for a Richer Life.  Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 8 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:04 - The intersection of money and happiness 06:08 - Why Buffett’s inner scorecard can empower us to use money as a tool instead of letting money use us 20:40 - Why the happiest people we know are oftentimes the most content 28:40 - Why chasing status is a game you’ll never be able to win 30:34 - Dopamine’s role in how we spend our money 35:27 - Why not all of our big spending decisions need to be run through a spreadsheet 38:06 - The shocking story of how the Vanderbilts lost billions of dollars due to social debt 46:46 - Why Morgan highly prioritizes spending money on independence 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 [https://www.theinvestorspodcast.com/mastermind-2/] to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. * Morgan’s new book: The Art of Spending Money [https://www.amazon.com/dp/0593716620?bestFormat=true&k=the+art+of+spending+money&crid=98HY5DXQ272D&sprefix=The+Art+of+Spending+&linkCode=ll1&tag=tipnetwork-20&linkId=e677b8c2141ddedae917a54909cb0d02&language=en_US&ref_=as_li_ss_tl]. * Morgan’s other books: Same as Ever [https://www.amazon.com/gp/product/0593332709?&linkCode=ll1&tag=tipnetwork-20&linkId=d48455e8049c40b31e31b96d9b84e120&language=en_US&ref_=as_li_ss_tl] and The Psychology of Money [https://www.amazon.com/gp/product/0857197681?ie=UTF8&linkCode=ll1&tag=tipnetwork-20&linkId=4b968d5edcd2aa2f185a55fcc69d2f08&language=en_US&ref_=as_li_ss_tl]. * Morgan’s Podcast [https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669]. * Related Episode: TIP351: The Psychology of Money w/ Morgan Housel [https://link.chtbl.com/WSB351]. * Related Episode: TIP602: Same as Ever w/ Morgan Housel [https://link.chtbl.com/WSB602]. * Follow Morgan on X [https://x.com/morganhousel]. * Follow Clay on ⁠⁠LinkedIn⁠⁠ [https://www.linkedin.com/in/clay-finck-8073a8a7/] & ⁠⁠X⁠⁠ [https://twitter.com/Clay_Finck]. * Related ⁠⁠books⁠⁠ [https://prodcast.io/collections/we-study-billionaires-the-investor-s-podcast-network] mentioned in the podcast. * Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://premium.theinvestorspodcast.com/]. 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Seb and Preston analyze the book "Empire of AI," reflecting on Sam Altman’s rise and OpenAI’s transformation from a nonprofit into a powerhouse AI firm. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 00:04 - Why Sam Altman’s early ventures shaped his leadership style 00:09 - How storytelling plays a role in securing AI funding and public trust 00:11 - The founding vision behind OpenAI and Elon Musk’s original role 00:18 - The internal power struggles that led to Altman’s firing and reinstatement 00:20 - The significance of AI governance structures in shaping future technologies 00:28 - How OpenAI evolved from a non-profit to a capped-profit model 00:33 - Why AGI poses ethical and societal challenges 00:39 - The hidden costs and global inequalities in AI model training 01:00 - A sneak peek into longevity research and Lifespan by David Sinclair 01:01 - Why ancestral health might hold keys to understanding aging BOOKS AND RESOURCES * Related book: Empire of AI: Dreams and Nightmares in Sam Altman's OpenAI [https://amzn.to/3VT3maw]. * Seb’s Website and book: The Hidden Cost of Money [https://amzn.to/48iu8AD]. * Seb's Blog: The Qi of Self-Sovereignty [https://sebbunney.com/]. * Next book: Lifespan: Why We Age―and Why We Don't Have To [https://amzn.to/4nBcFbd]. * Related⁠⁠ books⁠⁠ [https://prodcast.io/collections/we-study-billionaires-the-investor-s-podcast-network] mentioned in the podcast. * Ad-free episodes on our⁠⁠ Premium Feed⁠⁠ [https://premium.theinvestorspodcast.com/]. NEW TO THE SHOW? * Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/mastermind-2/] to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. * Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://twitter.com/TIP_Network] | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.linkedin.com/company/the-investor's-podcast/] | | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.instagram.com/theinvestorspodcastnetwork/] | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.facebook.com/TheInvestorsPodcast] | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.tiktok.com/@theinvestorspodcast]. * Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Bitcoin Fundamentals Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/bitcoin-fundamentals-starter-packs/]. * Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/richer-wiser-happier/]. * Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/tip-finance/]. * Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/affiliates/]. * Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/newsletters/]. * Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/]. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠ [https://theinvestorspodcast.com/sponsors]: * Simple Mining [https://simplemining.net] * Human Rights Foundation [https://hrf.org] * Kubera [https://kubera.com] * HardBlock [https://hardblock.com.au] * LinkedIn Talent Solutions [https://business.linkedin.com/talent-solutions] * Unchained [https://unchained.com] * Vanta [https://vanta.com] * Shopify [https://shopify.com] * NetSuite [https://www.netsuite.com] * Onramp [https://onrampbitcoin.com] * Public.com [https://public.com] * Abundant Mines [https://abundantmines.com] * Horizon [https://horizon.io] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices] Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm [https://theinvestorspodcastnetwork.supportingcast.fm]