We Study Billionaires - The Investor’s Podcast Network
Business:Investing
William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the Richer, Wiser, Happier podcast: Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty & handle the emotional challenges of investing in turbulent times. William adds his own observations, drawing on his conversations with these great investors & with legends like Sir John Templeton, Peter Lynch, & Charlie Munger.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:34 - How a disastrous investment taught Joel Greenblatt that anything can happen.
10:34 - What Fidelity legend Peter Lynch learned from a shocking setback early in his career.
12:06 - How to protect ourselves from uncertainty, bad luck, & our own analytical mistakes.
12:49 - Why Howard Marks warns that you shouldn’t push the limits if you want to avoid ruin.
14:48 - How Joel Greenblatt deals with mistakes by learning from them, then moving forward.
28:08 - How Joel handles the “kick in the stomach” when an investment goes wrong.
35:02 - How to succeed by taking advantage of the wild emotional mood swings of the crowd.
38:30 - Why stock pickers must learn to value businesses, buy at a discount, & then wait.
40:17 - How Bill Miller handles the discomfort of brutal losses during the most turbulent times.
43:00 - What Bill advises regular investors to do so they can endure the pain of market mayhem.
44:33 - Why Howard Marks says we need to be honest about our tolerance for risk & loss.
46:06 - How the best investors diversify or concentrate in ways that suit their temperament.
50:07 - Why Howard believes that “emotion is the greatest enemy of superior investing.”
52:35 - How Sir John Templeton thrived by hunting for bargains in the most-hated markets.
1:00:41 - Why Howard Marks thinks he was wrong to be a “knee-jerk skeptic” about Bitcoin.
1:03:30 - How to safeguard against our own biases, hubris, & overconfidence.
1:08:58 - Why François Rochon is convinced that it’s rational to be optimistic about the future.
1:10:51 - What history shows about mankind’s extraordinary ability to find solutions to its problems.
1:21:31 - Why Warren Buffett says that bad news is an investor’s best friend.
1:23:23 - Why Buffett regards babies being born in America today as “the luckiest crop in history.”
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
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!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
TIP539: The Banking Crisis Explained w/ Shawn O'Malley
TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen
TIP537: The Surprising Opportunities in Commercial Real Estate w/ Ian Formigle
BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
TIP536: Buffett and Munger’s Principles and Mental Models
RWH023: Defensive Investing In Dangerous Times W/ Guy Spier
TIP535: Insights from the World's Top Money Managers w/ Kristof Gleich
BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
TIP534: The Joys of Compounding by Gautam Baid
TIP533: How the Fed went Broke w/ Lyn Alden
TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster
BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of
TIP530: The Top 5 Billionaire Books w/ Richard Wilson
BTC119: Merging the Energy Sector with Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
TIP529: Joel Tillinghast & Uncovering the Art of Outperformance
TIP528: Mastermind Q1 2023 w/ Tobias Carlisle and Hari Ramachandra
TIP527: The Epic Collapse of GE w/ William Cohan
BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast)
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor