ETFs, Deep Value and Lessons From Podcasting w/ Tobias Carlisle, Acquirer's Funds (Episode 31)

<p>This episode is brought to you by TIKR. Join the free beta today at <a href="https://tikr.com/hive">TIKR.com/hive</a><a href="https://tikr.com/hive" rel="ugc noopener noreferrer" target="_blank">.</a></p> <p>We're stoked to bring you this week's guest: Tobias Carlisle. Tobias is a Renaissance man in the investing community. He's written four books, captains <em>two </em>podcasts and runs <em>two </em>ETFs. Along with that he's a husband and a father to a beautiful family.&nbsp;</p> <p>Tobias is usually on the other end of these interviews.&nbsp;</p> <p>We chat about ETFs, daily routines, Berkshire Hathaway, asking better questions and more!</p> <p>Here's the show outline:&nbsp;</p> <ul> <li>[2:12] Tobias' Daily Routine</li> <li>[4:01] The ZIG ETF</li> <li>[9:21] Accounting For Negative FCF</li> <li>[13:06] Trusting The Process During Uncertainty</li> <li>[16:02] Hertz $HTZ</li> <li>[18:22] CNBC and Buying Mentality&nbsp;</li> <li>[22:07] Randomness in Investing</li> <li>[24:05] Why Tobi Started an ETF</li> <li>[31:19] That Time Tobi Toured Google</li> <li>[39:35] Don't Watch The Market</li> <li>[40:31] What is Tobias' Edge?</li> <li>[45:41] Developing a Mental Edge</li> <li>[50:28] Tobi's Mt. Rushmore of Podcast Guests</li> <li>[54:40] The Trouble w/ Paying For Growth</li> <li>[59:51] Closing Questions</li> </ul> <p>If you want to check out Tobi's book, click the links below:&nbsp;</p> <ul> <li><a href="https://www.amazon.com/Deep-Value-Investors-Contrarians-Corporations/dp/1118747968/ref=sr_1_2?crid=FMJBABZI4BP6&amp;dchild=1&amp;keywords=tobias+carlisle&amp;qid=1593048076&amp;sprefix=jocko+go%2Caps%2C149&amp;sr=8-2">Deep Value</a></li> <li><a href="https://www.amazon.com/Acquirers-Multiple-Billionaire-Contrarians-Market/dp/0692928855/ref=sr_1_3?crid=FMJBABZI4BP6&amp;dchild=1&amp;keywords=tobias+carlisle&amp;qid=1593048076&amp;sprefix=jocko+go%2Caps%2C149&amp;sr=8-3">The Acquirer's Multiple</a></li> <li><a href="https://www.amazon.com/Concentrated-Investing-Strategies-Greatest-I