Stig Brodersen talks with co-host Clay Finck. They outline how and why you should invest in high-quality businesses.  IN THIS EPISODE, YOU'LL LEARN: 0:00:00 - Intro 0:00:32 - How to identify the best businesses 0:05:10 - Why you need to focus on barriers of entry when assessing a stock 0:06:52 - Why competition is for losers 0:22:11 - When management is important and not important in high-quality investing 0:27:47 - Why insider ownership is not only important but even more so how it was acquired.   0:43:08 - How you want the management to be compensated 1:04:14 - Why you should invest in stocks with two engines  1:12:21 - What is the Berkshire Summit, and how do you attend?  🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Clay, Stig, and the other community members: https://theinvestorspodcast.com/mastermind 🥗 Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today! https://kachava.com/wsb 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ▶️ RELATED EPISODES: - Quality Investing: Companies That Thrive in the Long Term w/ Christian Billinger: https://youtu.be/IFvAwn3cTDs - 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer: https://youtu.be/ScZdenQbd8A - Lessons from the World's GREATEST Capital Allocators | The Outsiders by William Thorndike: https://youtu.be/xGVZJhvQLcE - Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve: https://youtu.be/b3p_KSTe7Tw 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/building-wealth-through-high-quality-stocks-w-stig-brodersen-and-clay-finck/ 📖  BOOKS MENTIONED: - Quality Investing by Lawrence Cunningham: https://amzn.to/48BwCad - 100 Baggers by Chris Mayer: https://amzn.to/3Gf6N3K - Zen and the Art of Motorcycling Maintenance by Robert Persig: https://amzn.to/48cu2aM Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.