TIP071-walter-isaacson

EXECUTIVE SUMMARY


This show starts out with a brief discussion of the current market conditions as global stock markets contract. The discussion is followed by 5 insightful questions from The Investor’s Podcast community, and a discussion of Walter Isaacson’s biography about Benjamin Franklin.

If you want to read our five page executive summary of this book, Benjamin Franklin, view this page instead. If you would like to download all of our book summaries, click here.

In this episode, you’ll learn:

  • What has happened to the global stock market cap, and how it moves in cycles
  • If Preston and Stig has changed their value investing strategy given the current market conditions
  • Why Preston and Stig doesn’t look at analyst ratings and price targets
  • How to stick to your strategy when the stock market crashes
  • How Preston and Stig prioritize which books to read
  • If the low interest rate justifies a higher P/E ratio

One of the more characteristic charts discussed during the episode is the global stock market contraction that’s been occuring since the middle of 2015. Below is the chart Preston and Stig were referencing.

Tweet your comments to this podcast episode directly to Preston, Stig and the rest of The Investor Podcast’s community using “#TIP71”


BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

The Investor’s Podcast list of Billionaires’ Favorite Books
Toby Carlisle’s book, Deep Value – Read reviews of this book
Walter Isaacson’s book, Benjamin Franklin – Read reviews of this book


VIDEOS THAT SUPPORT THIS PODCAST

Billionaire Ray Dalio’s video on the Economic Machine

Intrinsic Value Calculation (method 1)

Intrinsic Value Calculation (method 2) – Discount Cash Flow

 


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  download-free-bookA lot of people ask us how we have time to read so many books. The truth is… we don’t! We listen to audiobooks. The beauty of audio books is you can knock-out two things at the same time. For example, driving, standing in line for your glamour shots at the mall, or just doing the dishes. All joking aside, reading a book every two weeks is probably the most profound element to our success in business. That's why we have worked hard with Amazon.com to get an exciting deal lined up for all the Investor's Podcast listeners. If you click on our exclusive link to Amazon's Audibles, you can download any free audio book straight onto your smartphone! If you don't like the service within 30 days, keep the free book and cancel the service. Amazon's Audibles has the largest listing of audio books in the world with over 180,000 titles. I personally use Audibles because it has the cheapest prices, the best reliability, and the largest selection of titles (You pick the books through Amazon.com). Making a commitment to read a new book each month is hands-down the most important investment you can make. - Preston & Stig

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