IN THIS EPISODE, YOU’LL LEARN:

• What happens when BlackRock raises and deploys billions of dollars
• How the public debt situation across the developed world may influence your investment framework
• How to build high-quality relationships
• How to define and win the right games
• How to balance honesty and kindness
• Frameworks for choosing the bigger life

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, see link.

TRANSCRIPT

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.

[00:00:00] Stig Brodersen: I’m very happy to welcome a friend, Thomas Borja Mueller as today’s guest, the investing world knows him as the Global Co-Head of Real Estate and Global CIO for Value-Add Real Estate at BlackRock, where he manages $25 billion. To our Mastermind community, he’s simply Thomas, a fellow member of our tribe and someone we deeply enjoy spending time with, especially when the conversation moves to the intersection of investing life in business.

[00:00:24] Stig Brodersen: And I think I speak for all of us when I say that conversations with Thomas tend to make all of us a little wiser for the first time. I was lucky enough to turn on the recorder, invite you to listen in as we explore these ideas together.

[00:00:41] Intro: Since 2014 and through more than 190 million downloads, we break down the principles of value investing and sit down with some of the world’s best asset managers. We uncover potential opportunities in the market and explore the intersection between money, happiness, and the art of living a good life.

[00:00:59] Intro: This show is not investment advice. It’s 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 host, Stig Brodersen.

[00:01:24] Stig Brodersen: Welcome to The Investor’s Podcast. I’m your host Stig Brodersen, and today I’m here with my friend Thomas. Thomas. How are you today?

[00:01:32] Thomas Mueller-Borja: I’m good. What a privilege to be here. How are you seeing, how are things?

[00:01:37] Stig Brodersen: I’m fantastic. Thank you so much for, for joining us. What I wanted to ask you as we go into the episode here, are you here as Thomas, or are you here as Global Co-head of Real Estate and Global Chief Investment Officer for Value-Add Real Estate at BlackRock.

[00:01:51] Stig Brodersen: It just rose right off your tongue, so in which capacity are you here?

[00:01:55] Thomas Mueller-Borja: Yeah, well it convolutes the title, the apologies for that. Well, I think hopefully, hopefully as both, you know, I think I’d love to be able to share some thoughts that will be valuable from sort of more professional perspective, from an investment perspective, from managing a business perspective, but hopefully also some things that are, you know, a bit more personal, which, which, you know, might not be as obvious to hear from somebody like myself.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

BOOKS AND RESOURCES

• Join the exclusive ⁠⁠⁠TIP Mastermind Community⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Learn how to join us in Omaha for the Berkshire meeting ⁠here⁠.
• Guy Spier’s ⁠interview with Thomas Mueller-Borja⁠.
• Related ⁠books⁠ mentioned in the podcast.
• Ad-free episodes on our Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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.

NEW TO THE SHOW?

• Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠.
• Check out our ⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠.
• Follow our official social media accounts: ⁠⁠⁠X (Twitter)⁠⁠⁠ | ⁠⁠⁠LinkedIn⁠⁠⁠ | ⁠⁠⁠Instagram⁠⁠⁠ | ⁠⁠⁠Facebook⁠⁠⁠ | ⁠⁠⁠TikTok⁠⁠⁠.
• Browse through all our episodes (complete with transcripts) ⁠⁠⁠here⁠⁠⁠.
• Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠TIP Finance Tool⁠⁠⁠.
• Enjoy exclusive perks from our ⁠⁠⁠favorite Apps and Services⁠⁠⁠.
• Learn how to better start, manage, and grow your business with the ⁠⁠⁠best business podcasts⁠⁠⁠.

SPONSORS

Support our free podcast by supporting our sponsors:

• HardBlock⁠⁠⁠
• ⁠⁠⁠Human Rights Foundation⁠⁠⁠
• ⁠⁠⁠Simple Mining⁠⁠⁠
• ⁠⁠⁠Netsuite⁠⁠⁠
• ⁠⁠⁠Shopify⁠⁠⁠
• ⁠⁠⁠Plus500⁠⁠⁠
• ⁠⁠⁠Vanta⁠⁠⁠
• ⁠⁠⁠Masterworks⁠⁠⁠
• ⁠⁠⁠Fundrise

References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor’s Podcast Network is not responsible for any claims made by them.