{"podcast":{"title":"Talking Billions with Bogumil Baranowski","slug":"talking-billions-with-bogumil-baranowski-5857987","podcast_index_feed_id":5857987,"rss_url":"https://anchor.fm/s/bc3d43f4/podcast/rss","website_url":"https://www.talkingbillions.co/","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/31481317/31481317-1669224125075-007cf26437884.jpg","author":"Bogumil Baranowski","episode_count":304,"summary":"EVERY MONDAY A NEW EPISODE. I READ ALL MY EMAILS - contact form on my website - www.bogumilbaranowski.com. TELL ME YOUR STORY. I’m Bogumil Baranowski, an author, a TEDx speaker, an investor, and an investment advisor to families and individuals. Intimate conversations about money, wealth, and living a rich and fulfilling life. We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, keep it, but our conversations lead us to an even bigger question — what it means to live a rich life beyond money. NOT INVESTMENT ADVICE.","last_synced_at":"2026-06-26T14:18:38.688899+00:00","page_url":"https://stenobird.com/podcast/talking-billions-with-bogumil-baranowski-5857987"},"episode":{"title":"100 Year Thinkers, Ep. 7: The Last Moat | Chris Mayer and Ian Cassel on the Stock Picking Edge AI Can’t Replicate","slug":"100-year-thinkers-ep-7-the-last-moat-chris-mayer-and-ian-cassel-on-the-stock-picking-edge-ai-can-t-replicate","published_at":"2026-05-08T04:12:00+00:00","page_url":"https://stenobird.com/podcast/talking-billions-with-bogumil-baranowski-5857987/100-year-thinkers-ep-7-the-last-moat-chris-mayer-and-ian-cassel-on-the-stock-picking-edge-ai-can-t-replicate","show_page_url":"https://stenobird.com/podcast/talking-billions-with-bogumil-baranowski-5857987","url":"https://podcasters.spotify.com/pod/show/talking-billions/episodes/100-Year-Thinkers--Ep--7-The-Last-Moat--Chris-Mayer-and-Ian-Cassel-on-the-Stock-Picking-Edge-AI-Cant-Replicate-e3j0m15","audio_url":"https://anchor.fm/s/bc3d43f4/podcast/play/119608805/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-4-7%2F423655858-44100-2-40bb8367eb26e.mp3","summary":"This episode of 100 Year Thinkers brings together Chris Mayer and Ian Cassel for a deep discussion on long-term stock picking, microcap investing, business quality, AI disruption, management teams, and the behavioral skills that separate great investors from great analysts. They explore why the edge in investing may increasingly come from judgment, presence, relationships, patience, and the ability to hold the right businesses through uncertainty. Matt Zeigler and I had the privilege of hosting Ian Cassel and Chris Mayer for a special 100-Year Thinkers Edition of the Excess Returns Podcast. Available now on Excess Returns Podcast and Talking Billions. 🎧 I’m excited to share this episode with you—it’s reposted here with permission and blessing from the Excess Returns team. Don’t miss it! And follow their work, links below. Resources Discussed The Last Moat https://microcapclub.com/the-last-moat/ Stock Picker by Ian Cassel https://microcapclub.com/stock-picker/ The Investor’s Odyssey by Chris Mayer https://www.amazon.com/Investors-Odys... Follow Chris Mayer on Twitter https://x.com/chriswmayer Follow Ian Cassel on Twitter https://x.com/iancassel Topics Covered Why being present with management teams may still be an investor edge in the age of AI How microcap investing differs from small-cap, mid-cap and large-cap investing Why talking to management can build conviction but also create bias How Chris Mayer thinks about vertical market software, mission-critical systems and AI disruption Why AI may become table stakes rather than a durable competitive advantage How small companies can use AI to improve workflows, sales, inventory and productivity Why many microcaps have short shelf lives and rarely become true long-term compounders The role of intelligent fanatics, owner-o…","meta_description":"This episode of 100 Year Thinkers brings together Chris Mayer and Ian Cassel for a deep discussion on long-term stock picking, microcap investing, busines…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4587,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/talking-billions-with-bogumil-baranowski-5857987/episodes/100-year-thinkers-ep-7-the-last-moat-chris-mayer-and-ian-cassel-on-the-stock-picking-edge-ai-can-t-replicate/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/talking-billions-with-bogumil-baranowski-5857987/100-year-thinkers-ep-7-the-last-moat-chris-mayer-and-ian-cassel-on-the-stock-picking-edge-ai-can-t-replicate.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}