Podcast Review | Skin In The Game w/ Clay Fink & Kyle Grieve by The Intrinsic Value Podcast

Skin In The Game w/ Clay Fink & Kyle Grieve by The Intrinsic Value Podcast

The Intrinsic Value Podcast is the sister podcast to the popular investing podcast We Study Billionaires (don’t let the name fool you, it doesn't do the show justice). This episode of the Intrinsic Value podcast sits down with the hosts of the We Study Billionaires podcast, who, throughout the years of having their own podcast show, have interviewed and studied some of the smartest and most respected investors, as well as looking at some fantastic businesses.

The way Fink & Grieve talk through investing concepts on their show resonates with me, so it's great to see these two doing a role reversal by answering the questions asked of them. A few of the most notable topics discussed include:

• How crucial the qualitative aspects of a company’s fundamental analysis are. The numerical side of things is an outcome of the qualitative factors.
• Recalling a podcast they did with the author of a book on historical asset bubbles. His modus operandi is continuing to invest during a downturn as he vast majority of us fool ourselves with overconfidence about seeing the next crash coming (refer to the study by Professor Schiller from Yale on the 1987 crash).
• Hearing from Fink & Grieve about their own due diligence processes when it comes to investing their capital and what they are trying to achieve. They discuss their checklists, something we’ve mentioned in a previous book review on Atul Gawande’s book The Checklist Manifesto.
• The concept of ‘Destination Analysis’ is explored, a term coined by the famed investor Nicholas Sleep. As it sounds, Destination Analysis is about thinking about the long-term road ahead and identifying the key indicators that truly matter to the end game for a particular company. This concept not only aids in long-term thinking but also in avoiding the pitfalls of the short-term volatility that can occur along the way.

If you haven’t started listening to either The Intrinsic Value podcast, or the We Study Billionaires podcast, then it is time to start.

‍Link to Podcast

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