Clay is joined by Derek Pilecki. Derek manages financial sector portfolios at Gator Capital Management, with an annual compounded capital growth of 21.0% since July 2008, outperforming the S&P 500. IN THIS EPISODE YOU’LL LEARN: 0:00:00 - Intro 0:01:14 - Launching a fund during the financial crisis 0:08:18 - When to invest short-term instead of long-term 0:12:22 - His ingredients to success as a hedge fund manager 0:15:57 - 186% returns in 2009 0:18:55 - How Derek made 20x his money alongside Bill Ackman 0:22:24 - Why Buffett likes financial companies 0:25:23 - Buffett selling Bank of America 0:27:02 - Why Derek focuses on financials 0:30:19 - Investing with leverage 0:33:39 - How banks can create a competitive advantage 0:36:28 - First Citizens buying Silicon Valley Bank 0:40:58 - Why First Citizens Bank is Derek’s top position in his fund 0:43:45 - The current banking environment 0:47:26 - How inflation impacts banks 0:50:26 - Robinhood 1:00:35 - Thoughts on Bitcoin 1:02:49 - Outro 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 📊 Add the Fundrise Flagship Fund to your portfolio in just minutes and with as little as $10. http://fundrise.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/ ▶️ RELATED EPISODES: - Value Investing Fundamentals & Current Market Conditions w/ John Huber: https://youtu.be/AFCtP2EfJs4 - Why Most Stocks Will Lose You Money w/ Professor Hendrik Bessembinder: https://youtu.be/G9_DqRf6Fto - How to Create an Investment Checklist: Avoid Losing Stocks & Make Smart Decisions: https://youtu.be/VRYfIcVxz9k - Buying and Holding Stocks for the Long Run w/ Pierre-Olivier Langevin: https://youtu.be/uiPujfiL8ro - Warren Buffett's Favorite Book: Common Stocks and Uncommon Profits by Philip Fisher: https://youtu.be/09w7yNKrWtI 🎧 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/quietly-compounding-at-20-percent-per-year-derek-pilecki/ 💡 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/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ 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.