Talking Billions with Bogumil Baranowski

Eric So, an MIT Sloan professor and former Nasdaq researcher, bridges investing, behavioral science, and AI in his book The Collision . MIT Sloan professor Eric So, a former Nasdaq researcher who studies investing, behavioral science, and artificial intelligence, joins Talking Billions to discuss his new book, The Collision: What AI Does To Us. The book began with a moment of unease. Eric finished...

My guest today is Octavian Graf Pilati — a member of an Austrian aristocratic family whose lineage traces back nearly a thousand years, and the founder of The Antifragile Family . At 25, he was handed responsibility for saving his family's centuries-old estate through a devastating financial crisis, a story so instructive that Harvard Business School turned it into a case study — Burning the S...

Chris Davis and Robert Hagstrom explore the tension between holding great businesses and keeping a winning stock from becoming too much of a portfolio risk. Why do two investors who believe in letting winners compound also use 10% position limits? On this episode of 100 Year Thinkers, Chris Davis of Davis Funds and Robert Hagstrom of EquityCompass join Matt Zeigler and Bogumil Baranowski to discus...

Find me on Substack! Today on Talking Billions, I'm joined by Michel Ingenbleek — an investor and writer whose career took an unusual road here: from leading teams in the Dutch Korps Commandotroepen and Royal Netherlands Marine Corps, to two decades running offshore energy projects and corporate strategy at companies like Subsea 7 and Technip. These days he writes Capital and Character , a wee...

Find me on Substack! My guest today is Neeraj Khemlani, the former president and co-head of CBS News and Stations, a veteran 60 Minutes producer and media executive, and the author of The Coffee Can Investor , A Stock Picker’s Journey to Build Generational Wealth, who uses the story of a Midwestern portfolio manager’s decades-long search for 100-bagger stocks to make the case that patient, concent...

In this Unfiltered Coffee episode, I share some thoughts that have stayed with me through recent conversations, listener emails, books, podcasts, and my own work with investors and families. I reflect on a different kind of urgency—not the manufactured urgency of expiring offers or opportunities that supposedly require an answer by Friday, but the urgency that comes from within. It’s the realizati...

Find me on Substack! My guest today is Peter Lazaroff, CFA, CFP®—the Chief Investment Officer of the $10-billion-plus RIA Plancorp, chair of its investment committee, host of The Long-Term Investor , and author of Making Money Simple, and a new book The Perfect Portfolio , whose central message is that the best portfolio is not the historical winner but the one tailored to an investor’s goals, cap...

Find me on Substack! Ian Cassel is the founder of MicroCapClub and CIO of Intelligent Fanatics Capital Management, specializing in underfollowed public companies led by exceptional owner-operators — pairing rigorous, boots-on-the-ground research with the patience to hold rare compounding businesses through volatility. He became a full-time private investor at 28 and has spent his career hunting fo...

Join me on Substack! Look up my name. Today I'm joined by two economists who spent a decade inside a room most of us will never see — the basement of the U.S. Treasury Department — building the first database that ever linked confidential tax records to the individual owners of America's private businesses. Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant a...

My guest today is Jared Dillian—former Lehman Brothers index-arbitrage and ETF trader, founder of the 18-year-old professional market letter The Daily Dirtnap , registered CTA, author of seven books, and an unusually multidimensional market thinker whose work joins macro trading, practical personal finance, risk control, writing, mental health, and electronic music. Today, are we talking about his...

My guest today is Professor Paul Johnson, a veteran value investor, long-time Columbia and Fordham professor, and co-author of The Enduring Value of Roger Murray , Pitch the Perfect Investment , and The Gorilla Game . He's taught in the same value investing tradition that runs from Benjamin Graham through Roger Murray, and he brings both a practitioner's and a historian's eye to our co...

Bob Robotti, founder and CIO of Robotti & Company, joins Matt Zeigler and Bogumil Baranowski to explain why bottom-up value investing may be entering one of its best opportunity sets in decades. They discuss AI and reindustrialization, inflation and interest rates, passive investing, capital cycles, private equity, long-term ownership, and why today’s neglected industrial businesses may offer...

My guest today is Jan Petke, a dynastic architect and strategic consigliere to sovereign and leading global entrepreneur families, who designs continuity architectures so that power, capital, and culture compound across generations — not just portfolios. 3:00 — Jan traces his path from a McKinsey-spinoff consultancy through private equity (Commonwealth Bank of Australia’s First State Investments)...

Thomas Chua is a friend, an investor, an investing educator, and the founder of Steady Compounding, where he shares lessons from great businesses and great investors with a global audience. He’s also the author of a brand-new book, The Lunch Break Investor , about how busy people can build wealth thoughtfully in roughly an hour a day. (03:00) Title story: his father pawned his mother’s wedding jew...

I’m reposting today an interview that Matt Zeigler kindly conducted with me recently. It just so happens that today is my birthday, which makes it feel like the right moment to share this deeply personal conversation about a chapter in my life and career when uncertainty was at its peak and the road ahead felt anything but clear. In this impromptu conversation, recorded one summer morning, I refle...

Lee Freeman‑Shor is a former multi‑award‑winning fund manager turned bestselling author and researcher who has spent years inside the decision‑making of the world’s best investors to uncover how they get it wrong most of the time and still make millions in the markets. He gave 45 elite investors real money and studied 30,000 trades to decode execution. He shares what he learned in the process. Epi...

Robert Hagstrom joins Matt Zeigler and Bogumil Baranowski to revisit the 25th anniversary edition of The Warren Buffett Portfolio and explain why volatility is not the same as investment risk. They discuss concentrated portfolios, active share, business valuation, behavioral finance, complex adaptive systems, and Warren Buffett’s warning that the market’s casino can overwhelm its cathedral. Matt Z...

Alexander von der Vellen is a Cambridge-educated former British Army officer who left private banking at Barings and JPMorgan Chase to become an independent fiduciary advising over 100 entrepreneurial families, and author of a trilogy on trusteeship and stewardship. Spend more time with Alexander here , his own recorded podcast series of lectures with some precious advice for inheritors and their...

This month on Unfiltered Coffee, I share more about the machinery behind both the podcast and the investing practice — the 200-some episodes, the 2 decades of client relationships, the daily habits, and the things that simply take time and can't be rebuilt in a day, even if you wanted to. I share the idea of decision and choice fatigue: how templating the small stuff (the shoes, the shirt, the...

Find me on Substack, search for my name. This is a summer classic — a re-release of an enhanced, longer audio episode that originally aired in late 2022, with my added intro and commentary. It’s among my most cherished Talking Billions episodes of all time. If you missed it, this is your moment. If you’ve heard it before, welcome back. It’s a heart-to-heart conversation with a dear friend, a mento...

Find me on Substack, search for my name. Robert P. Miles is an author, educator, and the world's foremost authority on Berkshire Hathaway's management culture. Robert has written three bestselling books on Warren Buffett, created the only graduate MBA course dedicated to Buffett's philosophies, and founded the Value Investor Conference in Omaha. His journey from an entrepreneur to a gl...

Find me on Substack, search for Bogumil Baranowski. Marion Fogli, a Swiss digital banking pioneer who co-founded Switzerland’s first digital private bank, now teaches what she calls Finance Made Human, translating money into a language that real people can actually understand, use, and feel at peace with. 3:02 – Growing up “rich in love, not money” — Marion’s father’s story shapes her definition o...

Find me on Substack, search for Bogumil Baranowski. See you there! This month's Unfiltered Coffee finds me recording thoughts from the road after a few weeks of travel that pulled me away from daily news and toward ideas with a longer shelf life. I share reflections from Nir Eyal's book Belief , including the idea that successful people accumulate more losses simply because they try more t...

Reposted here is my interview on Anna Fata Shemin's wonderful podcast, the Gravitas Podcast. Sign up, follow her incredibly thoughtful work: https://open.spotify.com/episode/432S3SNi56e0njlHgjAa1B?si=nT910BvxRO6Y267cdG-IuA --- "Old money" is more than a TikTok aesthetic trend. There are real lessons to learn from the families who cultivate generational wealth, and they go far beyond...

Find me on Substack! This is a summer classic — a re-release of an enhanced audio episode that originally aired in 2023, now among the most listened-to Talking Billions episodes of all time. If you missed it, this is your moment. If you've heard it before, welcome back. Over the years, I've had the pleasure of spending time with Byron Tully beyond this microphone — in person at a Parisian...