{"id":103193,"date":"2026-04-29T20:00:49","date_gmt":"2026-04-30T00:00:49","guid":{"rendered":"https:\/\/www.theinvestorspodcast.com\/?p=103193"},"modified":"2026-04-30T13:09:53","modified_gmt":"2026-04-30T17:09:53","slug":"otc-markets-otcm-a-picks-and-shovels-play-in-modern-capital-markets-tip","status":"publish","type":"post","link":"https:\/\/www.theinvestorspodcast.com\/episodes\/otc-markets-otcm-a-picks-and-shovels-play-in-modern-capital-markets-tip\/","title":{"rendered":"TIP811: OTC Markets (OTCM): A Picks and Shovels Play in Modern Capital Markets w\/ Kyle Grieve &#038; Shawn O&#8217;Malley"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:2%;--awb-padding-right:0px;--awb-padding-bottom:10px;--awb-padding-left:0px;--awb-padding-right-medium:14%;--awb-padding-bottom-medium:0px;--awb-padding-left-medium:14%;--awb-padding-right-small:6%;--awb-padding-bottom-small:10px;--awb-padding-left-small:6%;--awb-margin-bottom:2%;--awb-background-color:#c41919;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:104%;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center podcast-post-title-col\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 fusion-no-small-visibility fusion-no-medium-visibility\" style=\"--awb-content-alignment:center;--awb-font-size:20px;--awb-text-transform:none;--awb-text-color:#ffffff;\"><h1 style=\"text-align: center; margin-bottom: 0px; margin-top: 3px; font-size: 20px; color: #ffffff;\"><strong>TIP811: OTC MARKETS (OTCM): A PICKS AND SHOVELS PLAY IN MODERN CAPITAL MARKETS<\/strong><\/h1>\n<h1 style=\"text-align: center; margin-bottom: 0px; margin-top: 3px; font-size: 20px; color: #ffffff;\">W\/ KYLE GRIEVE &amp; SHAWN O\u2019MALLEY<\/h1>\n<\/div><div class=\"fusion-text fusion-text-2 fusion-no-large-visibility\" style=\"--awb-content-alignment:center;--awb-font-size:20px;--awb-text-transform:none;--awb-text-color:#ffffff;\"><h1 style=\"text-align: center; margin-bottom: 0px; margin-top: 3px; font-size: 20px; color: #ffffff;\"><strong>TIP811: OTC MARKETS (OTCM): A PICKS AND SHOVELS PLAY IN MODERN CAPITAL MARKETS W\/ KYLE GRIEVE &amp; SHAWN O\u2019MALLEY<\/strong><\/h1>\n<\/div><div class=\"fusion-text fusion-text-3\" style=\"--awb-text-transform:none;--awb-text-color:#ffffff;\"><p style=\"text-align: center; margin-bottom: 0px; margin-top: 3px;\">29 April 2026<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling podcast-post-content\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:2%;--awb-padding-right:20%;--awb-padding-bottom:0%;--awb-padding-left:20%;--awb-padding-right-small:6%;--awb-padding-left-small:6%;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:104%;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:0px;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-4\" style=\"--awb-text-transform:none;\"><p><span style=\"font-weight: 400;\">In today&#8217;s episode, Kyle Grieve and Shawn O\u2019Malley analyze OTC Markets Group, a hidden infrastructure company that collects tolls on over 12,000 securities while operating with fewer than 130 employees. They explore why OTCM is the only viable option for small companies and international firms seeking access to the US market, and how this quasi-monopoly has generated exceptional returns without debt or excessive dilution. By the end, you&#8217;ll understand the durable competitive moats protecting this business and whether the current stock price offers an attractive entry point for value investors.<\/span><\/p>\n<\/div><div class=\"fusion-video fusion-youtube\" style=\"--awb-max-width:1020px;--awb-max-height:574px;--awb-align-self:center;--awb-width:100%;\"><div class=\"video-shortcode\"><lite-youtube videoid=\"GxrED6KEVYU\" class=\"landscape\" params=\"wmode=transparent&autoplay=1&amp;enablejsapi=1\" title=\"YouTube video player 1\" data-button-label=\"Play Video\" width=\"1020\" height=\"574\" data-thumbnail-size=\"auto\" data-no-cookie=\"on\"><\/lite-youtube><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center podcasts-subs-col\" style=\"--awb-padding-top:20px;--awb-padding-bottom:20px;--awb-padding-top-medium:3%;--awb-padding-bottom-medium:5%;--awb-padding-top-small:4%;--awb-padding-bottom-small:6%;--awb-bg-color:#eeeded;--awb-bg-color-hover:#eeeded;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:50px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:5%;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:10%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-row fusion-flex-align-items-center\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"--awb-flex-grow:0;--awb-flex-grow-medium:0;--awb-flex-grow-small:0;--awb-flex-shrink:0;--awb-flex-shrink-medium:0;--awb-flex-shrink-small:0;width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_4 1_4 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:7.68%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:0px;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5\"><h3 style=\"text-align: center;\">SUBSCRIBE<\/h3>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_3_5 3_5 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.2%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-margin-top-medium:2%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:4%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:0px;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-social-links fusion-social-links-1\" style=\"--awb-margin-top:0px;--awb-margin-right:0px;--awb-margin-bottom:0px;--awb-margin-left:0px;--awb-alignment:center;--awb-box-border-top:0px;--awb-box-border-right:0px;--awb-box-border-bottom:0px;--awb-box-border-left:0px;--awb-box-padding-right:10%;--awb-box-padding-left:10%;--awb-icon-colors-hover:#c41919;--awb-box-colors-hover:#eeeded;--awb-box-border-color:var(--awb-color3);--awb-box-border-color-hover:var(--awb-color4);--awb-alignment-small:center;\"><div class=\"fusion-social-networks boxed-icons color-type-custom\"><div class=\"fusion-social-networks-wrapper\"><a class=\"fusion-social-network-icon fusion-tooltip fusion-ContactStig fa-envelope fas\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"ContactStig\" aria-label=\"ContactStig\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.theinvestorspodcast.com\/contact-stig\/\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-Apple fa-apple fab\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"Apple\" aria-label=\"Apple\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/we-study-billionaires-the-investors-podcast-network\/id928933489\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-youtube awb-icon-youtube\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"YouTube\" aria-label=\"youtube\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.youtube.com\/c\/TheInvestorsPodcastNetwork\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-spotify awb-icon-spotify\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"Spotify\" aria-label=\"spotify\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/open.spotify.com\/show\/28RHOkXkuHuotUrkCdvlOP?si=S-UD1o47Rn-Ltq_fo6B2ig\"><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-6\" style=\"--awb-text-transform:none;\"><h3>IN THIS EPISODE, YOU&#8217;LL LEARN:<\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Why OTC Markets operates as a hidden monopoly, most investors have never heard of<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The three business segments generating recurring revenue from market infrastructure<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How OTCM&#8217;s pricing power compares to other monopolistic businesses like Verisign<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Why 130 employees can manage the infrastructure for over 12,000 securities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The exceptional unit economics that make Corporate Services so profitable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What keeps customers so loyal that they rarely consider switching platforms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How regulatory relationships create barriers to entry, competitors cannot replicate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Why management&#8217;s capital allocation approach is so different from that of typical CEOs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The surprising reason declining subscriber counts might not be concerning<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Whether this hidden infrastructure gem deserves a spot in your portfolio<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">And so much more!<\/span><\/li>\n<\/ul>\n<p><em>Disclosure: This episode and the resources on this page are for informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. For full disclosures,\u00a0<strong><a href=\"https:\/\/www.theinvestorspodcast.com\/disclaimer\/\" target=\"_blank\" rel=\"noopener\">see link<\/a><\/strong>.<\/em><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\" style=\"--awb-text-transform:none;\"><h3>TRANSCRIPT<\/h3>\n<p><i><span style=\"font-weight: 400;\">Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.<\/span><\/i><\/p>\n<p>[00:00:00] <strong>Kyle Grieve:<\/strong> Every time you buy a stock that doesn&#8217;t trade on the New York Stock Exchange or NASDAQ, a foreign company, a small cap, a Pink Sheet name, there&#8217;s a company in the background collecting a toll. You&#8217;ve probably never thought about them and they&#8217;ve never thought about making you think about them.<\/p>\n<p>[00:00:13] <strong>Shawn O&#8217;Malley:<\/strong> That company is OTC Markets, and here&#8217;s a wild fact. The platform they run covers over 12,000 securities, more than both major exchanges combined. Yet the whole operation runs on fewer than 130 people.<\/p>\n<p>[00:00:26] <strong>Kyle Grieve:<\/strong> Today we find out how a business that most investors have never even heard of has quietly compounded free cash flow at 14% annually over a decade, and whether it can continue doing it.<\/p>\n<p>[00:00:38] <strong>Intro:<\/strong> Since 2014, with more than 200 million downloads. We have interviewed the world\u2019s best investors, studied deeply the principles of value investing, and uncovered many compelling investment opportunities. We focus on understanding businesses and intrinsic value, investing accordingly and sharing everything we learn with you. This show is not investment advice. It\u2019s intended for informational and entertainment purposes only. All opinions expressed by hosts and guests are solely their own, and they may have investments in the securities discussed. Now, for your hosts, Shawn O&#8217;Malley and Kyle Grieve.<\/p>\n<p>[00:01:24] <strong>Shawn O&#8217;Malley:<\/strong> Hey folks, today we will continue our hunt for intrinsic value by going deep into the infrastructure and operations that underpin financial markets with a company called OTC Markets Group. And if you&#8217;ve ever invested in the US in companies not listed on the New York Stock Exchange or NASDAQ&#8217;s, a pretty good chance, whether you realize it or not, that you&#8217;ve come across OTC markets before where OTC stands for Over The Counter. And in market cap terms, it is a small company, and I think it&#8217;s fair to say it is a hugely important role in the financial system, and that has enabled the company to generate some really eye-popping financial results.<\/p>\n<p>[00:02:01] <strong>Kyle Grieve:<\/strong> That&#8217;s right. So I remember listening to one of Mohnish Pabrai&#8217;s chats a number of years ago where he said that one of his favorite ways of finding a new investment idea was to simply just find a wide moat business in one country that was being applied to yet another country.<\/p>\n<p>[00:02:12] <strong>Kyle Grieve:<\/strong> Now, OTC Markets doesn&#8217;t quite fit this bill as it&#8217;s operational in the us but it&#8217;s among a very small number of capital market infrastructure plays that are available. And it has very, very unique competitive advantages. Now, OTCM also has a very rich history, so its current CEO Cromwell Coulson bought Pink Sheets with an investor group way back in 1997 to bring the business into the digital age.<\/p>\n<div class=\"expand-content\"><button class=\"expand-toggle\" id=\"expand-toggle-id\">READ MORE<\/button><div class=\"expand-hidden\" style=\"display: none;\"><\/p>\n<div class=\"restrict_transcript\" style=\"text-align: center; margin-top: 40px; width: 500px; border-radius: 5px; padding: 20px; background: #eeeded; color: #000000;\">\n<p class=\"restrict_transcript_p\" style=\"margin-bottom: 0px;\">The full transcript is only available to logged-in users.<\/p>\n<p style=\"margin-bottom: 0px;\">Log in <a class=\"fusion-modal-text-link\" data-toggle=\"modal\" data-target=\".fusion-modal.login-form-modal\" href=\"#\">here<\/a> or create a new account <a href=\"https:\/\/www.theinvestorspodcast.com\/registration\">here<\/a>.<\/p>\n<\/div>\n<p> <\/div><\/div>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-8\" style=\"--awb-text-transform:none;\"><h3>HELP US OUT!<\/h3>\n<p>Help us reach new listeners by leaving us a\u00a0<a href=\"https:\/\/docs.google.com\/presentation\/d\/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI\/edit\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>rating and review<\/strong><\/a>\u00a0on\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/we-study-billionaires-the-investors-podcast-network\/id928933489\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>Apple Podcasts<\/strong><\/a>! 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Thank you \u2013 we really appreciate it!<\/p>\n<h3>BOOKS AND RESOURCES<\/h3>\n<ul>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Join the exclusive\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/mastermind-2\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">TIP Mastermind Community<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u00a0to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Join <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/intrinsicvalueconference.com\/\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">The Intrinsic Value Conference<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\"> in Omaha this May 1, 2026!<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Track <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1YqzCACTnf4X3v8lx3HMEG2rMs71RLNI2B3b7V2e3pKQ\/edit?usp=sharing\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">The Intrinsic Value Portfolio<\/span><\/strong><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Learn more about OTC Markets Group on their <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.otcmarkets.com\/about\/investor-relations\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">IR<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\" data-slate-fragment=\"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\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Listen to an <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.youtube.com\/watch?v=WWFk7n6FADc\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">interview with CEO, Cromwell Coulson<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Related\u00a0<\/span><\/span><\/span><a class=\"e-91036-text-link e-91036-baseline e-91036-overflow-wrap-anywhere encore-internal-color-text-announcement e-91036-text-link--use-focus sc-kpDqfm ejcycC\" href=\"https:\/\/prodcast.io\/collections\/we-study-billionaires-the-investor-s-podcast-network\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">books<\/span><\/strong><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u00a0mentioned in the podcast.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Ad-free episodes on our <\/span><\/span><\/span><a href=\"https:\/\/premium.theinvestorspodcast.com\/\" target=\"_blank\" rel=\"noopener\"><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">Premium Feed\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060\u2060\u2060\u2060\u2060<\/span><\/span><\/span><\/a><span contenteditable=\"false\">\u2060<\/span><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\">.<\/span><\/li>\n<\/ul>\n<p><em>Some of the links on this page are affiliate links or relate to partners who support our show. If you choose to sign up or make a purchase through them, we may receive compensation at no additional cost to you.<\/em><\/p>\n<h3>NEW TO THE SHOW?<\/h3>\n<ul class=\"ul1\">\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Get smarter about valuing businesses in just a few minutes each week through our newsletter,\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/newsletters\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">The Intrinsic Value Newsletter<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Check out <\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/the-investors-podcast-starter-packs\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">The Investor\u2019s Podcast Starter Packs<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Follow our official social media accounts:\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/twitter.com\/TIP_Network\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">X (Twitter)<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">\u00a0|\u00a0<\/span><\/strong><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.linkedin.com\/company\/the-investor's-podcast\/\" 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data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><\/a><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.facebook.com\/TheInvestorsPodcast\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\" target=\"_blank\" rel=\"nofollow\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">Facebook<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.tiktok.com\/@theinvestorspodcast\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\" target=\"_blank\" rel=\"nofollow\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Browse through all our episodes (complete with transcripts)\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/we-study-billionaires\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">here<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Try our tool for picking stock winners and managing our portfolios:\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/tip-finance\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">TIP Finance Tool<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Enjoy exclusive perks from our\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/affiliates\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">favorite Apps and Services<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Learn how to better start, manage, and grow your business with the\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/podcasts\/20-best-business-podcasts\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">best business podcasts<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<\/ul>\n<h3>SPONSORS<\/h3>\n<p>Support our free podcast by supporting our\u00a0<a href=\"https:\/\/theinvestorspodcast.com\/sponsors\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>sponsors<\/strong><\/a>:<\/p>\n<ul>\n<li data-slate-node=\"element\"><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.hardblock.com.au\/join\/fundamentals\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span 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data-slate-string=\"true\">Netsuite<\/span><\/strong><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><\/li>\n<li data-slate-node=\"element\"><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.shopify.com\/wsb\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">Shopify<\/span><\/strong><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><\/li>\n<li data-slate-node=\"element\" data-slate-fragment=\"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\"><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.vanta.com\/BILLIONAIRES\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">Vanta<\/span><\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p><em>References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor\u2019s Podcast Network is not responsible for any claims made by them.<\/em><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling connect-section\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:2%;--awb-padding-right:20%;--awb-padding-bottom:0%;--awb-padding-left:20%;--awb-padding-top-small:6%;--awb-padding-right-small:8%;--awb-padding-left-small:8%;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:104%;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-9 md-text-align-center sm-text-align-center\" style=\"--awb-font-size:20px;\"><p><strong>CONNECT WITH KYLE<\/strong><\/p>\n<\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"--awb-flex-grow:0;--awb-flex-grow-medium:0;--awb-flex-grow-small:0;--awb-flex-shrink:0;--awb-flex-shrink-medium:0;--awb-flex-shrink-small:0;width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-2 fusion_builder_column_inner_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-padding-top:20px;--awb-padding-right:20px;--awb-padding-bottom:20px;--awb-padding-left:20px;--awb-padding-right-small:0px;--awb-padding-left-small:0px;--awb-overflow:hidden;--awb-bg-color:#eeeded;--awb-bg-color-hover:#eeeded;--awb-bg-size:cover;--awb-border-radius:5px 5px 5px 5px;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-social-links fusion-social-links-2\" style=\"--awb-margin-top:0px;--awb-margin-right:0px;--awb-margin-bottom:0px;--awb-margin-left:0px;--awb-alignment:center;--awb-box-border-top:0px;--awb-box-border-right:0px;--awb-box-border-bottom:0px;--awb-box-border-left:0px;--awb-box-padding-right:7%;--awb-box-padding-left:7%;--awb-icon-colors-hover:#c41919;--awb-box-colors-hover:#eeeded;--awb-box-border-color:var(--awb-color3);--awb-box-border-color-hover:var(--awb-color4);--awb-alignment-medium:center;--awb-alignment-small:center;\"><div class=\"fusion-social-networks boxed-icons color-type-custom\"><div class=\"fusion-social-networks-wrapper\"><a class=\"fusion-social-network-icon fusion-tooltip fusion-facebook awb-icon-facebook\" style=\"color:#3f3f3f;font-size:28px;width:28px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"Facebook\" aria-label=\"facebook\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.facebook.com\/TheInvestorsPodcast\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-twitter awb-icon-twitter\" style=\"color:#3f3f3f;font-size:28px;width:28px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"X\" aria-label=\"twitter\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/IrrationalMrkts\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-linkedin awb-icon-linkedin\" style=\"color:#3f3f3f;font-size:28px;width:28px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"LinkedIn\" aria-label=\"linkedin\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.linkedin.com\/in\/kylegrievetip\/\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-mail awb-icon-mail\" style=\"color:#3f3f3f;font-size:28px;width:28px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"Email\" aria-label=\"mail\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"mailto:k&#121;&#108;&#101;&#064;th&#101;in&#118;e&#115;&#116;orspod&#099;ast.&#099;om\"><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-10 md-text-align-center sm-text-align-center\" 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