Trey Henninger

The DIY Investing Podcast

Business EN ↓ 137 episodes

Do you want to learn how to manage your own investments? Are you ready to stop paying investment management fees and start building wealth? The DIY Investing Podcast is dedicated to providing you with the knowledge, skills, and resources you need to be a better investor. Learn how to make investments through the use of fundamental analysis, mental models, and business management insights. Please visit our website and subscribe to our mailing list at DIYInvesting.org for guides, videos, and resources to help make you a better investor.

Be sure to visit the podcast's website and support the creator: www.diyinvesting.org

Author

Trey Henninger

Episodes

87 - Cost of Growth Valuation and Asset / Earnings Equivalence 09.08.2020 32:33

References: This episode was inspired by a Twitter thread where I responded to a poll on how to value companies. That thread is available at the following link: https://twitter.com/TreyHenninger/status/1288475399861817352 Mental Models discussed in this podcast: Cost of Growth Valuation Gordon Growth Model Asset / Earnings Equivalence Retained Earnings Return on Invested Capital Earnings Yield Div...

86 - The Tyranny of Backtesting: Why Backtests are harmful and counter-productive 02.08.2020 37:40

Books Referenced: Fooled by Randomness by Nassim Taleb *If you purchase through this affiliate link, I will receive a small commission, at no additional cost to you . Your purchase will be supporting the show's continued production of free content. Thank you for your support! Mental Models discussed in this podcast: A priori knowledge Deductive vs Inductive Reasoning Empirical Evidence The Scient...

85 - Precisely Wrong, Roughly Right (DCFs) 27.07.2020 36:30

Mental Models discussed in this podcast: Discount Rates Gordon Growth Model Discounted Cash Flow Calculation Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel:...

84 - Would you buy your employer's stock? 19.07.2020 22:33

Mental Models discussed in this podcast: Scuttlebutt Circle of Competence Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast...

83 - Key Drawbacks of the Banking Industry 12.07.2020 29:29

Mental Models discussed in this podcast: Commodity Leverage Availability Bias (re 2008 Financial Crisis) Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DI...

82 - Why Banking is an Attractive Industry 05.07.2020 36:14

Mental Models discussed in this podcast: Retention Rates Lindy Effect (Durability) Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support th...

81 - Always Ask Why: Bond Returns, Greater Fool Theory, and the 5 Why Framework 28.06.2020 31:58

Mental Models discussed in this podcast: Discount Rate Greater Fool Theory Circle of Competence 5-Why Framework Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Chann...

80 - Zero Interest Rates should not reduce your Discount Rate 16.06.2020 27:27

Mental Models discussed in this podcast: Discount Rate Equity Risk Premium Second-Order Effects Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investi...

79 - How Banks Make Money 08.06.2020 39:46

Mental Models discussed in this podcast: Leverage Fractional Reserve Banking Margin Economies of Scale Operational Leverage Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger Y...

78 - Earnings Yield on Cost: A valuation rule of thumb 31.05.2020 36:32

Mental Models discussed in this podcast: Earnings Yield Discount Rate Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on...

77 - What is the source of your investment return? 24.05.2020 34:30

Mental Models discussed in this podcast: Mean Reversion Inertia Reinvestment Rate Return on Incremental Invested Capital (ROIIC) Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHennin...

76 - How to identify 10-bagger investments (10x in 10 years) 17.05.2020 32:09

Mental Models discussed in this podcast: Operating Leverage Davis Double Play Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Pod...

75 - Managing multiple investment strategies in a single portfolio 10.05.2020 28:46

Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on Patreon This is a podcast supported by listeners like you. If you'd li...

74 - Merger Arbitrage: High returns from high certainty bets 03.05.2020 26:07

Mental Models discussed in this podcast: Arbitrage Efficient Market Hypothesis Brand Power Luxury Power Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY...

73 - Economic Contagion: How COVID-19 could cause a depression 26.04.2020 29:57

Mental Models discussed in this podcast: Second-Order Effects Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on Patreon...

72 - Binary Investing Outcomes: How the Coronavirus is impacting stock portfolios 19.04.2020 29:18

Mental Models discussed in this podcast: Normal Distribution (Statistics) Resulting (Read: Annie Duke's book ) Efficient Market Hypothesis Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @...

71 - Moral Hazard: Why government bailouts are counterproductive 12.04.2020 29:22

Mental Models discussed in this podcast: Moral Hazard 2nd Order Effects Anti-Fragile Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support...

70 - Oil Majors Clearance Sale 2020 05.04.2020 21:15

Mental Models discussed in this podcast: Dividend Aristocrats Dividend Growth Investing Discount Rates Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY...

69 - Why Study Investing? Roth vs Taxable Accounts? (Q&A) 29.03.2020 18:57

Call to Action: Support the Podcast : If you're subscribed to the podcast and have been enjoying my content on the podcast, consider giving me a five-star rating and review. I need many more ratings and reviews than I have currently received if the podcast audience is to grow. Right now I only have about 1-2% of my podcast audience having left a rating and review. If you're in that 2% thank you ve...

68 - Strategic Cash Allocation in an Investing Portfolio 22.03.2020 7:56

Call to Action: For You : Do you agree with my view on cash not being worthy of a strategic allocation in your portfolio? Either way, you should write down and document your view on cash in your asset allocation strategy. This should be a line item in your investment strategy document. If you don't have a written strategy for cash you're more likely to make subpar decisions because you likely won'...

67 - Addition through Subtraction (Mental Model) 15.03.2020 5:35

Call to Action: For You : Take out a notebook or word document. Write a list of everything that you can think of that is preventing you from achieving your goals. This can focus on whatever part of your life you want. If its investing, identify the weaknesses of your investing process. If its personal finance, what are you spending money on that you can eliminate? Whatever your goals, make a list,...

66 - Net Operating Losses are a form of Hidden Asset 08.03.2020 5:52

Call to Action: For You : Check your current stocks for the presence of net operating losses that can offset future taxes and read about Myrexis and Affymax to gain a better understanding of some of the extremes you may find in the market. Support the Podcast : The best support you can give me right now is to follow me on Twitter: @TreyHenninger Mental Models discussed in this podcast: Tax Avoida...

65 - Why I don't invest in Russia or China 01.03.2020 5:47

Call to Action: For You : Write down a list of every country which you will exclude from investing for reasons such as this or similar. Stick to it. Support the Podcast : The best support you can give me right now is simply to give this podcast a rating and review in your podcast player. Mental Models discussed in this podcast: Corruption Property Rights Government Ownership of Means of Productio...

64 - Rebalancing Kills Compounding 23.02.2020 35:39

Mental Models discussed in this podcast: Modern Portfolio Theory Compound Interest Rebalancing Beta / Volatility Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Chan...

63 - Your Portfolio should reflect your Investing Strategy 16.02.2020 30:47

Mental Models discussed in this podcast: Concentration vs Diversification Expected Value Probabilistic Thinking Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Chann...