MI340: The Art of Studying Markets w/ Shawn O’Malley and Matthew Gutierrez
发布时间 来源
Episode 设置
这期播客节目邀请了 Patrick Donnelly、Sean O'Malley 和 Matthew Gutierrez。他们是投资者播客网络 (TIP) 旗下金融时事通讯《We Study Markets》的幕后主创和主要推动者。节目中，他们分享了自己的个人背景、投资理念以及这份时事通讯的创办和发展历程。
Sean O'Malley 对金融市场的兴趣始于中学时期，当时他经常观看 Jim Cramer 的节目。COVID-19 疫情期间，他接触到 TIP，成为一名忠实听众，并阅读了 Preston Pysh 和 Stig Brodersen 推荐的所有书籍。他在向 TIP 申请时，特别提到了这些书籍，给 Stig 留下了深刻印象，并因此被聘用，负责创办这份时事通讯。Sean 深受 Nassim Taleb 《黑天鹅》和《反脆弱》等著作的影响，特别是其中“**负向之道**”（via negativa）的概念——即专注于避免什么，而不是增加什么。他将这一理念应用于自己的投资组合，例如避免某些政治风险，并提及自己在乌克兰战争前投资俄罗斯 ETF 所蒙受的个人损失。他还很欣赏 Joel Greenblatt 的“魔法公式”，即投资那些具有高盈利收益率和高资本回报率的公司。
Matthew Gutierrez 拥有雪城大学新闻学和金融学背景，在疫情期间也对市场产生了浓厚的兴趣。他喜欢了解公司的起源故事以及经济增长的驱动力。他的母亲对他的投资产生了深远影响，母亲早期用少量资金投资苹果股票，教会了他“买入并持有”以及复利的强大力量。Matthew 阅读广泛，涵盖金融、哲学和精神层面的书籍，他强调了多元化学习的重要性。他的投资偶像包括沃伦·巴菲特、查理·芒格和莫尼什·帕伯莱，他们都倡导长期、基本面分析的投资方法。他遵循巴菲特的“20个打孔位”比喻，对投资决策极其谨慎。他的个人投资组合主要侧重于苹果、微软、亚马逊等核心持仓，并通过平均成本法对比特币进行了大量且不断增长的配置。
Sean 和 Matthew 都讨论了个人理财策略。Sean 强调了在投资个股之前，先打好基础的重要性，比如建立应急资金、充分利用 401k 配比供款、个人退休账户 (IRA) 和医疗保险。他反对严格的被动/主动投资二分法，认为所有投资都涉及有意识的决策和权衡。Matthew 也呼应了量入为出并让复利发挥其魔力的重要性。
《We Study Markets》时事通讯于2022年7月推出。Sean 最初制作 YouTube 视频，后来才专注于这份时事通讯。他们的目标是创作出与 TIP 的旗舰播客《We Study Billionaires》一样高质量且值得信赖的内容。这份时事通讯的风格已经从最初严肃、技术性强的路线，演变为更轻松、有趣且易于理解的模式，优先考虑他们自己会喜欢阅读的内容。他们积极努力剔除金融行话，以细致入微的方式解释复杂概念，同时确保不排斥任何读者。
目前，《We Study Markets》拥有超过32,500名订阅者，打开率高达50%以上，令人印象深刻。这份时事通讯每天提供对重大金融市场新闻的深入洞察，包括标普、纳斯达克、比特币、石油和黄金的最新动态，并辅以图表、小测验和投票。
展望未来，他们的目标是实现显著增长，希望拥有数十万甚至数百万读者，并通过有机方式建立信任和价值。他们最近推出了每月67美元的付费服务**《We Study Markets Pro》**，旨在向更广泛的受众提供可操作的机构级洞察。该服务提供每周策略报告、市场图表、历史数据、偶尔的信号报告和季度网络研讨会，而每日时事通讯仍将免费提供。
感兴趣的读者可以在 theinvestorspodcast.com 找到这份时事通讯和《We Study Markets Pro》。他们鼓励读者通过电子邮件 newsletter@theinvestorspodcast.com 或 seanmatthew@theinvestorspodcast.com，以及在 Twitter/X (@WeStudyMarkets) 上与他们联系。
The podcast episode features hosts Patrick Donnelly, Sean O'Malley, and Matthew Gutierrez, who are the main drivers behind "We Study Markets," a financial newsletter from The Investor's Podcast Network (TIP). The discussion covers their personal backgrounds, investment philosophies, and the journey of creating and evolving the newsletter.
Sean O'Malley's interest in financial markets began in middle school, watching Jim Cramer. The COVID-19 pandemic led him to TIP, where he became an avid listener and read all the books recommended by Preston Pysh and Stig Brodersen. His application to TIP, highlighting these books, impressed Stig and led to his hiring to launch the newsletter. Sean is deeply influenced by Nassim Taleb's works like "Black Swan" and "Anti-Fragile," particularly the concept of **via negativa** – focusing on what to avoid rather than what to add. He applies this to his portfolio by avoiding certain political risks, citing a personal loss from investing in Russian ETFs before the Ukraine war. He also admires Joel Greenblatt's "Magic Formula" for investing in companies with high earnings yields and high returns on capital.
Matthew Gutierrez, with a background in journalism and finance from Syracuse University, also became captivated by markets during the pandemic. He enjoyed learning company origin stories and what drives economic growth. His mother significantly influenced his investing, starting a small account with Apple stock early on, teaching him the power of "buy and hold" and compounding. Matthew reads widely, encompassing financial, philosophical, and spiritual texts, emphasizing the importance of diverse learning. His investment heroes include Warren Buffett, Charlie Munger, and Monish Pabrai, advocating a long-term, fundamental analysis approach. He follows Buffett's "20 slot" metaphor, treating investment decisions with utmost care. His personal portfolio leans heavily on core holdings like Apple, Microsoft, Amazon, and a significant, growing allocation to Bitcoin through dollar-cost averaging.
Both Sean and Matthew discussed personal finance strategies. Sean stressed the importance of foundational steps like emergency funds, 401k matching, IRAs, and health insurance before diving into individual stock picks. He argued against a strict passive/active dichotomy, suggesting all investing involves conscious decisions and trade-offs. Matthew echoed the importance of living below one's means and letting compounding work its magic.
The "We Study Markets" newsletter began in July 2022, with Sean initially making YouTube videos before focusing solely on the newsletter. Their goal was to create content matching the quality and trustworthiness of TIP's flagship podcast, "We Study Billionaires." The newsletter's tone has evolved from a more serious, technical style to one that is more casual, fun, and accessible, prioritizing what they themselves would enjoy reading. They actively strive to cut through financial jargon, explaining complex concepts with nuance without being exclusionary.
Currently, "We Study Markets" boasts over 32,500 subscribers, with an impressive open rate above 50%. The newsletter provides daily insights into the biggest financial market stories, including S&P, NASDAQ, Bitcoin, oil, and gold updates, supplemented with charts, pop quizzes, and polls.
Looking ahead, they aim for substantial growth, envisioning hundreds of thousands or even millions of readers, building trust and value organically. They recently launched **"We Study Markets Pro,"** a paid offering for $67/month, which provides weekly strategy reports, market charts, historical data, occasional signal reports, and quarterly webinars, aiming to deliver actionable, institutional-level insights to a broader audience, while the daily newsletter remains free.
For those interested, the newsletter and "We Study Markets Pro" can be found at theinvestorspodcast.com. They encourage readers to reach out via email at newsletter@theinvestorspodcast.com or seanmatthew@theinvestorspodcast.com, and on Twitter/X at @WeStudyMarkets.
摘要
In this today’s episode, Patrick Donley (@JPatrickDonley) sits down with our very own Shawn O’Malley and Matthew Gutierrez who are the main drivers of our financial newsletter, We Study Markets. You’ll learn what it’s been like creating and writing for We Study Markets, who their biggest influences have been, how they structure their own portfolios, what an average day is like for a newsletter writer, and what future plans they have to offer more value to our readers.
Shawn O’Malley is the Chief Editor for WSM and has been working on the newsletter since the very first edition in July of 2022. He graduated magna cum laude from Elon University where he studied finance and entrepreneurship. He’s an integral part of the TIP team and has grown the newsletter to over 30,000 readers.
Matthew Gutierrez is a writer and editor that has reported for The New York Times, The Wall Street Journal, and The Washington Post. He graduated from Syracuse University with degrees in journalism and finance. He has also been critical to the success of the newsletter and has read widely and broadly as he hones the craft of writing.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
03:09 - How both Shawn and Matthew got interested in the financial markets.
05:52 - What their first career steps out of college were.
08:32 - What books made the biggest impact on them.
12:09 - How Nassim Taleb’s anti-fragile portfolio is structured.
16:10 - Which investors they admire the most and try to emulate.
18:56 - Why it’s important to stick with an investment strategy during the downturns.
27:30 - What money moves they would encourage beginning investors to make.
29:02 - How Shawn and Matthew invest their own money.
35:23 - What is via negativa and how can you apply it.
44:10 - What it has been like to work at The Investor’s Podcast Network.
50:46 - What it has been like building and growing a newsletter.
51:35 - What a day is like as a newsletter writer.
53:18 - How the newsletter has changed over time.
63:20 - What is We Study Markets Pro and how it can help you.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Recommended book: Incerto by Nicholas Nassim Taleb.
Recommended book: The Psychology of Money by Morgan Housel.
Recommended book: Same as Ever by Morgan Housel.
Recommended book: The Joys of Compounding by Gautam Baid.
Recommended book: The Snowball by Alice Schroeder.
Recommended book: Wherever You Go, There You Are by Jon Kabat-Zinn.
Check out: MI306: Almanacks and Anthologies w/ Eric Jorgensen | YouTube video.
Recommended book: The Almanak of Naval Ravikant by Eric Jorgensen.
Recommended book: The Little Book That Beats the Market by Joel Greenblatt.
Recommended book: The Warren Buffett Way by Robert Hagstrom.
Check out the books mentioned in the podcast here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Fiscal.AI
Connect with Patrick: Twitter
Connect with Shawn: Website | Twitter
Connect with Matthew: Website | Email
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
GPT-4正在为你翻译摘要中......
