TIP750: Generating Alpha, Digital Payments, & AI w/ Deiya Pernas
On today's episode, Clay is joined by Deiya Pernas to discuss his investing philosophy, why he sees opportunity for investors in the digital payments space, and why he is closely following developments in AI.
After a decade of experience in the investment industry, Deiya co-founded Pernas Research with his brother in 2023. Since January 2017, the Pernas portfolio has published audited net returns of 27.1% versus the S&P 500’s average annualized return of 14.7%.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:44 - Pernas’ overall investing philosophy that has enabled them to crush the market.
04:49 - How we as investors can go about making predictions about an uncertain future.
09:00 - What poker taught Deiya about effective portfolio management.
15:12 - The importance of understanding working capital.
24:39 - Why Deiya is attracted to the digital payments space.
30:28 - An overview of why Deiya is long Remitly.
45:52 - Why Wise PLC isn’t a major threat to Remitly.
49:12 - Why Deiya is closely following developments in AI.
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.
Related Episode: TIVP032: Remitly (RELY): Future Multibagger or Stablecoin Casualty? w/ Daniel Mahncke & Shawn O'Malley.
Follow Clay on LinkedIn & X.
Follow Deiya on LinkedIn & X.
Check out all the books mentioned and discussed in our podcast episodes here.
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Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
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Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
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HardBlock
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HELP US OUT!
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BTC250: Is This Bitcoin Bull Market Over w/ Tuur Demeester (Bitcoin Podcast)
Tuur Demeester returns to discuss his new report on Bitcoin's 2025 outlook. He and Preston unpack institutional accumulation, custodial confiscation risks, the macroeconomic backdrop, and how Bitcoin's role is evolving amid growing global uncertainty.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:02 - Why the current market doesn’t reflect a true speculative mania yet
04:11 - How institutions—not retail—are driving this bull cycle
05:38 - What the “hodler net position change” metric reveals about whale behavior
11:33 - How governments may quietly confiscate Bitcoin through custodians
22:41 - Why M2 money supply contraction exposes fiat’s Ponzi-like structure
27:41 - Bitcoin’s potential to replace gold as the global monetary anchor
33:01 - Why Wall Street's shallow engagement with Bitcoin’s tech is concerning
35:00 - How Lightning Network could disrupt stablecoin platforms
39:03 - The growing convergence of AI, Bitcoin mining, and energy infrastructure
46:07 - Why Bitcoin could genuinely reduce global conflict long term
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
X Account: Tuur Demeester.
Report: How To Position for the Bitcoin Boom by Tuur Demeester.
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
Support our free podcast by supporting our sponsors:
SimpleMining
HardBlock
AnchorWatch
Human Rights Foundation
Vanta
Unchained
Onramp
Netsuite
Shopify
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
On today’s episode, Kyle Grieve discusses how mental models from physics, chemistry, and biology can give investors and business leaders sharper decision-making tools. He’ll explore how applying these frameworks helps to identify opportunities, avoid risks, and build lasting advantages.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:06 - How relativity helps investors see opportunities from different perspectives.
07:33 - Why inertia reveals which businesses stay great or stuck over decades.
09:29 - How momentum creates powerful flywheels in business and investing.
23:22 - When leverage accelerates growth or dangerously magnifies risk.
29:13 - How catalysts can rapidly unlock an investing thesis.
35:50 - Why ecosystems multiply value from a single input change.
41:52 - How niche strategies create outsized business advantages.
52:50 - Why honest versus dishonest signals matter for investors.
01:00:19 - How misaligned incentives quietly increase investment risk.
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 The Great Mental Models Part II: Physics, Chemistry and Biology 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
Vanta
Unchained
Onramp
Netsuite
Shopify
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
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
Vanta
Unchained
Onramp
Netsuite
Shopify
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
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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
Vanta
Unchained
Onramp
Netsuite
Shopify
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
Sobre 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
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