Best Michael Munger Podcasts (2025)

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TECH002: Jensen Huang & NVIDIA w/ Seb Bunney - Review of The Thinking Machine by Stephen Witt 1:07:38

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1d ago1:07:38

1:07:38

Preston and Seb launch their tech book review series with a deep dive into The Thinking Machine, a book about NVIDIA and its CEO Jensen Huang. They explore NVIDIA’s transformation from a gaming hardware company to a key player in AI, discussing CUDA, leadership strategy, robotics, and the speed of innovation. The episode ends with a preview of thei…

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Adam Smith's Wealth of Nations: Episode 4--Capital and Book II: Introduction 54:38

22h ago54:38

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Send us a text Book Two of Adam Smith's "The Wealth of Nations" provides the conceptual foundation for understanding how commercial society sustains growth through capital accumulation and the employment of stock. Smith challenges common misconceptions about wealth creation and offers profound insights on the role of capital in economic development…

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Steven Pinker on Common Knowledge 1:23:20

2d ago1:23:20

1:23:20

Why are Super Bowl ads so good for launching certain kinds of new products? Why do we all drive on the same side of the road? And why, despite laughing and crying together, do we often misread what others think? According to bestselling author and Harvard psychologist Steven Pinker, it all comes down to common knowledge, or the phenomenon that happ…

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TIP755: My Process for Finding Great Investments w/ Kyle Grieve 1:04:29

5d ago1:04:29

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On today’s episode, Kyle Grieve discusses the lessons that shaped his investing philosophy, from painful early mistakes in crypto to building a disciplined framework focused on quality businesses and high-potential, undervalued microcaps. He shares how goals, temperament, and a business-owner mindset guide his decisions, and why compounding, capita…

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TIP754: Rule Breaker Investing w/ David Gardner 1:32:15

6d ago1:32:15

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On today's episode, Clay brings back David Gardner to discuss his new book, Rule Breaker Investing. Throughout David’s investing career, he seemed to have taken all of Buffett’s rules to investing and thrown them out the window. In this episode, he shares his unique rule-breaking framework, providing you with the guidance and the gumption to win at…

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TECH001: AI for Activists w/ Justin Moon and Shroominic (Tech Podcast) 49:43

8d ago49:43

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From Oslo's spotlight to global frontlines, Justin and Shroominic share how activists are harnessing AI for storytelling, translation, and rapid response while also navigating threats from authoritarian AI. Explore the core building blocks, decentralized models, and how anyone can begin experimenting today. IN THIS EPISODE YOU’LL LEARN: 00:00 - Int…

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The Innovation is the Exchange Itself! 1:08:39

9d ago1:08:39

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Send us a text Chris Cornette, a longtime securities trader who grew up in the business, reveals how the most important innovation that made US capital markets preeminent in the world was the exchange itself. • Cornette's father worked in the P&S (Purchase and Sales) department on Wall Street, eventually becoming the controller of an American Stock…

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How Did America Build the Arsenal of Democracy? (with Brian Potter) 1:05:05

10d ago1:05:05

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American manufacturing of aircraft during WWII dwarfed that of its enemies. By the end of the war, an American assembly line was producing a B-24 bomber in less than an hour. But that success was far from inevitable. Structural engineer and writer Brian Potter speaks with EconTalk's Russ Roberts about the logistical challenges of ramping up product…

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TIP753: The Relentless Vision That Made McDonald’s a Global Giant w/ Kyle Grieve 1:04:33

12d ago1:04:33

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On today’s episode, Kyle Grieve discusses the rise of McDonald’s under Ray Kroc and the vision, systems, and persistence that transformed a small burger joint into a global empire. He explores Kroc’s leadership style, business model innovations, and the timeless lessons investors and entrepreneurs can learn from McDonald’s journey. IN THIS EPISODE …

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TIP752: Financial Statements Explained Simply w/ Brian Feroldi 1:01:17

14d ago1:01:17

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On today's episode, Clay brings back long-time guest, Brian Feroldi, to educate our listeners on how to analyze financial statements. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:58 - An overview of the three financial statements.13:11 - What GAAP accounting is and why the US is a good environment for investors from a regulatory perspective.18:08 -…

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BTC251 : Tech Abundance w/ Jeff Booth 47:04

16d ago47:04

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Preston and Jeff discuss the expansion of the Bitcoin Fundamentals podcast to include cutting-edge topics like AI, robotics, and nuclear tech, all viewed through a Bitcoin and decentralization lens. They examine the impact of exponential technological growth, open-source innovation, and international competition. The conversation closes with a powe…

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How Teams Succeed (with Colin Fisher) 1:03:22

17d ago1:03:22

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What makes some groups thrive while others crash and burn? According to organizational-behavior scholar Colin Fisher, the real villains are rarely individuals, but dysfunctional teams and organizations. Listen as he and EconTalk's Russ Roberts discuss the reasons for the free-rider problem and the importance of meaningful, well-defined tasks to inc…

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TIP751: Mastermind Q3, 2025: Uber, Merck, and Bath & Body Works 1:34:10

19d ago1:34:10

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In today's episode, Stig Brodersen is talking stocks with Tobias Carlisle and Hari Ramachandra. Stig’s pick is Uber, the world’s largest ride-hailing company. Tobias is pitching Bath & Body Works, a category leader in home and personal fragrance. Hari’s stock of choice is Merck, a pharmaceutical giant that owns the blockbuster oncology drug. IN THI…

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TIP750: Generating Alpha, Digital Payments, & AI w/ Deiya Pernas 55:32

21d ago55:32

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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 P…

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BTC250: Is This Bitcoin Bull Market Over w/ Tuur Demeester (Bitcoin Podcast) 52:10

23d ago52:10

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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 …

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Humans Are Overrated (with Christine Webb) 1:10:53

24d ago1:10:53

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Are humans the most intelligent species, or just the most arrogant? NYU primatologist Christine Webb, author of The Arrogant Ape, believes that human exceptionalism is a myth that does more harm than good. Listen as she speaks with EconTalk's Russ Roberts about how research has skewed our understanding of animals' capabilities, the surprising inner…

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TIP749: Unlocking Hidden Investing Secrets From Basic Science w/ Kyle Grieve 1:03:22

26d ago1:03:22

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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 - Intro02:06 - How relativ…

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TIP748: The Netflix Playbook: Fewer Rules, Greater Results w/ Kyle Grieve 1:02:45

28d ago1:02:45

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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 - Intro02:54 …

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BTC249: The Convergence of Bitcoin, AI, and Energy w/ Rod Roudi (Bitcoin Podcast) 54:14

30d ago54:14

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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 Bitcoi…

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When Bribes Become the System: Understanding Lock-In 25:57

1M ago25:57

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Send us a text Corruption persists not because people like it, but because it becomes embedded in the incentive structure of the state, creating feedback loops that reinforce themselves and resist reform. • A prebend is a type of benefice historically given to clergymen, now a useful concept for understanding corruption in developing nations • Doug…

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Hemingway, Love, and War (with David Wyatt) 1:06:28

30d ago1:06:28

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What can Ernest Hemingway teach us today about the morality of war, the eternal and transient nature of love, and how to write a masterpiece? Listen as author and teacher David Wyatt talks with EconTalk's Russ Roberts about Hemingway's epic For Whom the Bell Tolls. Topics include Hemingway's role in the wars of the 20th century, the book's context …

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TIP747: John Neff: The Value Investor Who Quietly CRUSHED the S&P 500 w/ Kyle Grieve 1:03:11

1M ago1:03:11

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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 impressi…

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TIP746: ASML: Europe's Tech Monopoly 1:11:11

1M ago1:11:11

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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 …

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BTC248: Bitcoin’s Institutional Wave w/ Willy Woo, Max Kei, Efrat Fenigson, and Preston Pysh at Baltic Honeybadger (Bitcoin Podcast) 41:47

1M ago41:47

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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 stab…

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Adam Smith's Wealth of Nations: Episode #3--Introduction and Book I 1:21:55

1M ago1:21:55

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Send us a text Adam Smith's "The Wealth of Nations" developed from decades of lectures on jurisprudence, examining how market exchange creates prosperity through division of labor and specialized skills. • Two core observations drive Smith's thinking: humans seek approval from others and have a propensity to "truck, barter and exchange" • Exchange …

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Tim Ferriss on Tim Ferriss (and much much more) 2:06:49

1M ago2:06:49

2:06:49

Cold plunges. Exogenous ketones. Pu-erh tea--but hold the breakfast: it's all par for the morning routine, at least if you're entrepreneur, self-experimenter, and king of the lifehacks, Tim Ferriss. From how he manages the challenges of his celebrity to how he manages to stay in great shape; how he does--and when he doesn't--harness the power of AI…

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RWH060: What Buffett, Munger & Bill Miller Taught Me w/ Robert Hagstrom 2:08:33

1M ago2:08:33

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In this episode, William Green chats with Robert Hagstrom, Chief Investment Officer & Senior Portfolio Manager at Equity Compass. Robert is the author of a classic book, “The Warren Buffett Way,” which lays out the principles that made Buffett the greatest investor of all. Here, Robert shares life-changing lessons he learned from Buffett & two othe…

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TIP745: Best Quality Stock Idea Q3 2025 w/ Clay Finck 1:01:02

1M ago1:01:02

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On today’s episode, Clay Finck breaks down his best quality stock idea for Q3 2025: Amazon. Clay explores how Amazon has evolved from a low-margin online retailer into a diversified, high-margin tech platform. He also makes the case as to why Big Tech may be systemically undervalued, providing a unique opportunity for investors willing to ride out …

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BTC247: Bitcoin's evolution with Traditional Finance w/ Jon Melton (Bitcoin Podcast) 41:54

1M ago41:54

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Preston sits down with Jon Melton to explore his shift from Morgan Stanley to Bitcoin, insights on Silvergate Bank’s crypto strategy, and the future of Bitcoin-backed finance. They delve into lending models, the impact of regulation, and how Jon sees banks engaging with digital assets going forward. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:31…

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Second Place Is The First Loser: Strategy Over Speed 42:22

1M ago42:22

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Send us a text The ancient tradition of Il Palio in Siena showcases a complex system of strategic corruption, neighborhood rivalries, and high-stakes horse racing that has endured for centuries. This 90-second race around Siena's central piazza involves extensive bribery, intense negotiations, and centuries-old vendettas that make speed secondary t…

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Learning to Think Like Someone Else (with David Marquet) 1:03:46

2M ago1:03:46

1:03:46

Former submarine commander David Marquet joins EconTalk's Russ Roberts to explore how distancing--thinking like someone else, somewhere else, or sometime else--can unlock better choices in business and life. They talk about leadership without giving orders, how to empower teams, and what it means to see yourself as a coach rather than a boss. Along…

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TIP744: Hidden Monopolies w/ Kyle Grieve 1:03:00

2M ago1:03:00

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On today’s episode, Kyle Grieve discusses a thought-provoking framework that redefines competitive advantage through the lens of customer loyalty. Kyle breaks down the five types of customer loyalty moats, introduces the Moat Strength Index (MSI), and explains how investors can use this approach to measure, monitor, and deepen their conviction in h…

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TIP743: Should Value Investors Own Index Funds? 58:33

2M ago58:33

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In this episode, Clay shares John Bogle’s timeless philosophy of passively investing in low-cost index funds. Bogle, the founder of Vanguard, helped spark a global movement that has made investing more accessible and cost-effective. Today, Vanguard manages over $10 trillion in assets, and Bogle’s simple approach has been adopted by millions worldwi…

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BTC246: The Future of Insurance using Bitcoin w/ Becca Rubenfeld & Rob Hamilton (Bitcoin Podcast) 1:08:41

2M ago1:08:41

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Becca and Rob from AnchorWatch join Preston to unpack the future of Bitcoin custody and insurance. They explore multisig security, time-locked vaults, inheritance planning, insured yield products, and how institutional players like banks and insurers are adopting crypto through innovative custody models, convertible debt strategies, and reinsurance…

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When Bats Attack: Understanding Insurance 35:09

2M ago35:09

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Send us a text Mike Munger explores insurance economics through the lens of transaction costs and risk management, culminating in an amusing case study about "bat-in-mouth disease." Insurance transfers risk from individuals to larger pools, reducing the expected variance of outcomes The fair price of insurance equals expected value (probability × p…

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Let Me Be Forgotten (with Lowry Pressly) 1:21:00

2M ago1:21:00

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What do we lose when every moment is recorded, every action scrutinized, and every past mistake preserved? Philosopher and author Lowry Pressly joins EconTalk's Russ Roberts to discuss why privacy isn't just about secrets or information control, the necessity of spontaneity, the importance of moral growth, and what we need to become fully human. Fr…

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TIP742: Invest like a Business Owner w/ David Fagan 1:24:31

2M ago1:24:31

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In this episode, Stig Brodersen speaks with David Fagan, a successful entrepreneur and investor, about the powerful overlap between building businesses and investing in public markets. They explore why business owners often think differently about diversification, dividends, and risk—and how habits, friendships, and clarity of purpose shape long-te…

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TIP741: The Intrinsic Value of Uber & Reddit w/ Shawn O'Malley 1:13:56

2M ago1:13:56

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On today's episode, Clay is joined by Shawn O'Malley to discuss his work on The Intrinsic Value Podcast and two key holdings from The Intrinsic Value Portfolio. Shawn recently launched The Intrinsic Value Podcast alongside co-host Daniel Mahncke, where they conduct weekly deep dives into companies while building their own concentrated portfolio of …

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BTC245: The Next Metaplanet? (Smarter Web Company) w/ Jesse Myers and Andrew Webley 58:39

2M ago58:39

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Andrew and Jesse join Preston to discuss Smarter Web’s transformation into a major Bitcoin Treasury firm, UK market dynamics, valuation strategies, and future growth plans, including preferred shares. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 14:02 - What is MNAV and why is it a crucial metric for valuing Bitcoin Treasury firms? 35:20 - How does …

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Adam Smith's Wealth of Nations: Episode #2--The "Model" 57:13

2M ago57:13

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Send us a text Transaction costs provide the key to understanding Adam Smith's complete philosophical system and how his two great works form an integrated whole. • Smith's two essential claims: humans desire to learn proper behavior and have an innate propensity to truck, barter, and exchange • Sympathy in Smith's view means synchronizing feelings…

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Read Like a Champion (with Doug Lemov) 1:03:56

2M ago1:03:56

1:03:56

Many students graduate high school today without having read a book cover to cover. Many students struggle to learn to read at all. How did this happen? Listen as educator and author Doug Lemov talks with EconTalk's Russ Roberts about the failed fads in reading education, the mistaken emphasis on vocabulary as a skill, and the importance of backgro…