On today’s episode, Kyle Grieve discusses the radical culture that helped Netflix dominate Blockbuster and achieve massive long-term success. He explores lessons on talent density, candor, feedback, freedom, and responsibility that reveal how culture can become a company’s greatest competitive moat.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:54 - Why fewer rules can unlock a company’s peak performance.
04:58 - The cultural failures that doomed Blockbuster against Netflix.
08:54 - How talent density drives innovation and rapid productivity gains.
10:40 - Why subtraction sometimes creates stronger, higher-performing teams.
15:14 - How candor accelerates decision-making and organizational efficiency.
25:02 - Netflix’s 4A framework for delivering and receiving feedback.
34:21 - Why “rockstar pay” beats incentive bonuses for top talent.
55:00 - How sunshining mistakes builds trust and stronger organizations.
58:02 - The Keeper Test for retaining only your best performers.
01:04:19 - Why leading with context—not control—fuels lasting innovation.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy a copy of No Rules Rules here.
Related episode: TIP744: Hidden Monopolies w/ Kyle Grieve.
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?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
HardBlock
AnchorWatch
Human Rights Foundation
Cape
Unchained
Vanta
Shopify
Onramp
Abundant Mines
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
--------
1:02:45
--------
1:02:45
BTC249: The Convergence of Bitcoin, AI, and Energy w/ Rod Roudi (Bitcoin Podcast)
Rod and Preston discuss Bitcoin’s rapid innovation, from ARK protocol transactions to new mining hardware. They examine custody solutions for Bitcoin treasuries, balancing institutional needs with community values, and preview the Custody & Treasury Summit and “Imagine If” event.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:01 - The latest Bitcoin innovations, including ARK protocol’s first transaction.
04:00 - Block’s new modular mining hardware and its market impact.
10:03 - Why custody solutions are critical for Bitcoin treasuries.
13:15 - The challenges and opportunities of institutional Bitcoin adoption.
15:05 - How Rod and Preston see Bitcoin custody evolving in the coming years.
23:02 - Insights into Bitcoin Park’s expansion from Nashville to Austin.
28:55 - The goals of the Custody & Treasury Summit and “Imagine If” summit.
33:10 - The vision for Nashville as a hub for Bitcoin, AI, and energy convergence.
36:05 - How AI tools are transforming workflows, events, and productivity.
45:20 - Plans for future summits and a 12-city tour to advance Bitcoin conversations.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Learn about the upcoming event at Bitcoin Park: Bitcoin Custody and Treasury Summit at Bitcoin Park.
Read about the details on the first-ever Bitcoin, AI, and Energy convergence event: Imagine IF (Bitcoin, AI, and Energy Summit) information.
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?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORSSupport our free podcast by supporting our sponsors:
SimpleMining
HardBlock
AnchorWatch
Human Rights Foundation
Cape
Unchained
Vanta
Shopify
Onramp
Abundant Mines
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
--------
54:14
--------
54:14
TIP747: John Neff: The Value Investor Who Quietly CRUSHED the S&P 500 w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses legendary value investor John Neff, one of the most underrated investors in value investing, who quietly outperformed the S&P 500 for decades. You’ll learn more about Neff’s contrarian mindset, his focus on low PE stocks, and his disciplined yet unconventional approach, which shaped one of the most impressive track records in investing history.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:04 – The unconventional mindset that made John Neff a true contrarian investor
03:41 – Why “boring” businesses can be surprisingly beautiful wealth builders
04:18 – How lessons from his father and mentors shaped Neff’s investing philosophy
06:21 – The hidden danger of investment committees that drag down star performers
10:58 – The two simple categories Neff used to organize his view of the stock market
17:11 – Why Neff’s strategy leaned into dividends—and how that powered his outperformance
19:40 – The overlooked way he measured actual business value against the market
20:20 – How Neff found profits hiding in slow growers, cyclicals, and even high PE stocks
56:51 – The surprising blind spot of value investors who ignore compounders
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy a copy of John Neff on Investing here.
Buy a copy of Investing For Growth here.
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?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
HardBlock
AnchorWatch
Human Rights Foundation
Cape
Unchained
Vanta
Shopify
Onramp
Abundant Mines
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
--------
1:03:11
--------
1:03:11
TIP746: ASML: Europe's Tech Monopoly
In this episode, Clay unpacks the extraordinary rise of ASML — a little-known Dutch company that quietly became the most important player in global technology. Since its IPO in 1995, ASML has compounded at 20% annually.
ASML holds one of the most powerful monopolies on earth as it’s the sole manufacturer of EUV lithography machines, which make the world’s most advanced semiconductor chips. Without ASML, companies like Apple, NVIDIA, and TSMC couldn’t power iPhones, AI data centers, or the modern digital economy.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:56 - How ASML grew from a Philips spinoff into Europe’s most important tech company.
13:31 - How ASML’s partnership with TSMC shaped the global semiconductor industry.
32:16 - Why ASML holds a near-monopoly on EUV lithography machines.
41:01 - Why the geopolitical tension between the US and China place ASML at the center of technology power struggles.
53:30 - How investors can view ASML’s growth, risks, and future opportunities.
01:00:23 - What makes ASML’s moat nearly impossible for competitors to replicate.
01:05:08 - The dual leadership that propelled ASML’s rise and built a culture of relentless focus.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Marc Hijink’s book: Focus: The ASML Way.
Related Episode TIP727: 7 Powers by Hamilton Helmer.
Related Episode TIVP024: TSMC: The Most Important Business in the World?.
Follow Clay on X 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?
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Check out our We Study Billionaires Starter Packs.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
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.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
SimpleMining
HardBlock
AnchorWatch
Human Rights Foundation
Cape
Unchained
Vanta
Shopify
Onramp
Abundant Mines
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
--------
1:11:11
--------
1:11:11
BTC248: Bitcoin’s Institutional Wave w/ Willy Woo, Max Kei, Efrat Fenigson, and Preston Pysh at Baltic Honeybadger (Bitcoin Podcast)
A sharp panel debates Bitcoin’s “institutional phase”: BlackRock’s ETF as catalyst, SEC policy shifts on in-kind redemptions, and the boom in corporate treasury strategies.
They probe Coinbase custody concentration, nationalization risks, Tether’s role, and why self-custody remains the antidote. AI’s influence on education and CBDCs vs private stablecoins round out a high-signal hour.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:11 - Why BlackRock’s spot ETF marked a cultural and capital tipping point.
05:31 - How SEC limits on in-kind redemptions and their reversal, shape market integrity.
08:56 - The difference between MicroStrategy’s preferred stock model vs convertible debt.
10:14 - Why concentrated Coinbase custody introduces fragility and what decentralizes it.
12:10 - The political “nationalization” risk and how institutions could be rugged.
17:45 - The case for denominating liabilities in fiat while stacking BTC.
19:50 - Pitfalls of copycat treasury companies timing the market (e.g., short-dated debt).
25:53 - How AI-driven discourse (e.g., Grok) accelerates Bitcoin education.
29:10 - Why private stablecoins (e.g., Tether) may outcompete CBDCs globally.
37:37 - The timeless lesson: make Bitcoin “un-ruggable” via self-custody.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
P2P Bitcoin Trading Platform: Hodl Hodl.
Event details: Baltic Honeybadger Conference.
Conference sponsor: Debifi.
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?
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
Check out our Bitcoin Fundamentals 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.
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
SimpleMining
HardBlock
AnchorWatch
Human Rights Foundation
Cape
Unchained
Vanta
Shopify
Onramp
Abundant Mines
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
Über We Study Billionaires - The Investor’s Podcast Network
We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
We Study Billionaires is the largest stock investing podcast show in the world with 180,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve.
This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.
And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here.
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Höre We Study Billionaires - The Investor’s Podcast Network, Handelsblatt Today - Der Finanzpodcast mit News zu Börse, Aktien und Geldanlage und viele andere Podcasts aus aller Welt mit der radio.de-App
Deutschland