TIP684: Current Market Conditions & Poor Charlie's Almanack w/ Stig Brodersen & Clay Finck

On today’s episode, Clay Finck invites Stig Brodersen to discuss current market conditions and one of Stig’s favorite books — Poor Charlie’s Almanack.

IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:23 - How Stig and Clay think about today’s market. 08:02 - Why we expect the stock market to continue to hit new all-time highs. 08:02 - How Stig is protecting himself against potential inflation going forward. 39:49 - Why Stig re-reads Poor Charlie’s Almanack each year. 49:55 - The psychological biases we need to be mindful of. 01:02:14 - How the endowment effect can be detrimental to our portfolio’s returns. 01:11:45 - How we can apply Munger’s principle of inversion to our lives and our portfolios. 01:27:00 - How you can attend the live events TIP is hosting in Omaha during the Berkshire weekend. And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Book discussed: Poor Charlie's Almanack.

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