{"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":"Ryan Bunn: Why the Best Investors Think Like Collectors, Not Traders, What a 99-Year-Old Investor Taught Warren Buffett & The Mindset That Builds Generational Wealth","slug":"ryan-bunn-why-the-best-investors-think-like-collectors-not-traders-what-a-99-year-old-investor-taught-warren-buffett-the-mindset-that-builds-generational-wealth","published_at":"2026-03-30T04:12:00+00:00","page_url":"https://stenobird.com/podcast/talking-billions-with-bogumil-baranowski-5857987/ryan-bunn-why-the-best-investors-think-like-collectors-not-traders-what-a-99-year-old-investor-taught-warren-buffett-the-mindset-that-builds-generational-wealth","show_page_url":"https://stenobird.com/podcast/talking-billions-with-bogumil-baranowski-5857987","url":"https://podcasters.spotify.com/pod/show/talking-billions/episodes/Ryan-Bunn-Why-the-Best-Investors-Think-Like-Collectors--Not-Traders--What-a-99-Year-Old-Investor-Taught-Warren-Buffett--The-Mindset-That-Builds-Generational-Wealth-e3h3qn2","audio_url":"https://anchor.fm/s/bc3d43f4/podcast/play/117614754/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-28%2F420952910-44100-2-915256bed2232.mp3","summary":"Ryan Bunn is the lead portfolio manager at Reference Equity in Denver, a Northwestern-trained engineer and Kellogg MBA with 15+ years of global equity experience who implements a first-principles quality-value philosophy focused on businesses in non-competitive situations. Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/ 3:00 — Ryan’s Midwestern upbringing outside Cincinnati; mother taught him investing in elementary school; family of savers focused on dividend yields and long-term wealth building. 5:00 — 30-year investing evolution: private equity consulting training revealed wide range of business quality; reading Graham and Buffett cemented value conviction; experimented with options, angel investing in India, due diligence in Moscow, NFTs. 7:00 — The NFT experiment: bought digital art in summer 2021, sold for 25x return in six weeks, watched it crash 95%+. Lesson: “It showed me that I’m not a growth investor… it was so stressful even as prices were going up.” 9:00 — First principles of quality investing: competition is capitalism’s first principle; sustainable high returns require non-competitive scenarios. Challenges the broad definition of “quality” in today’s market. 13:00 — Philip Carret’s legacy: founded Pioneer Fund in 1928, compounded ~13% annually over 60 years, wrote The Art of Speculation in 1930. Met Buffett in early 1950s — before Munger. Framework of “men, materials, and money” underlies all fundamental investing today. 19:00 — Intellectual heritage: ideas passed between generations compound like capital. Carret appeared at the 1995 Berkshir…","meta_description":"Ryan Bunn is the lead portfolio manager at Reference Equity in Denver, a Northwestern-trained engineer and Kellogg MBA with 15+ years of global equity exp…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4741,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/talking-billions-with-bogumil-baranowski-5857987/episodes/ryan-bunn-why-the-best-investors-think-like-collectors-not-traders-what-a-99-year-old-investor-taught-warren-buffett-the-mindset-that-builds-generational-wealth/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/ryan-bunn-why-the-best-investors-think-like-collectors-not-traders-what-a-99-year-old-investor-taught-warren-buffett-the-mindset-that-builds-generational-wealth.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}