We Study Billionaires - The Investor’s Podcast Network
Business:Investing
In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 2, Guy shares insights on how to succeed over the long run by avoiding dumb investment behavior, building the right relationships, and recognizing our weaknesses. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.”
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:36 - What dumb investment behavior Guy Spier strives to avoid
05:12 - What type of companies he shuns
07:05 - Why good relationships are a key to financial & personal success
07:25 - Why we should be especially wary of leverage
15:46 - Why it’s vital to find “friends along the path” who support us emotionally
29:34 - Why it’s helpful to shine a light on our own weaknesses
41:18 - How he handles painful, contentious conversations
51:24 - How to engage with people whose beliefs & experiences differ from ours
1:07:05 - What role money does—or doesn’t—play in a rich & meaningful life
1:11:11 - What Guy learned from Warren Buffett’s exercise of writing your own obituary
1:31:39 - How reading great literature can make you wiser & happier
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Support our free podcast by supporting our 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!
Learn more about your ad choices. Visit megaphone.fm/adchoices
TIP630: The Wealthy Gardener w/ Kyle Grieve
TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024 w/ Clay Finck and Kyle Grieve
BTC181: The US's Economic Hitman w/ John Perkins
TIP628: The Inner Scorecard w/ Mohnish Pabrai
TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve
BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast)
RWH044: How To Beat The Market w/ Bryan Lawrence
TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon
BTC179: The Business of Football and Bitcoin w/ Peter McCormack (Bitcoin Podcast)
TIP625: Berkshire Hathaway w/ Chris Bloomstran
TIP624: Studying Financial History w/ Clay Finck
BTC178: Auditing Elections with Bitcoin w/ Carlos Toriello (Bitcoin Podcast)
TIP623: The Art Of Decision Making w/ Annie Duke
TIP622: Finding Certainty in an Uncertain World w/ Joseph Shaposhnik
BTC177: The Future of Bitcoin Borrowing and Lending w/ Max Kei (Bitcoin Podcast)
TIP621: Warren Buffett’s Wisdom: The Power Of Corporate Governance with Lawrence Cunningham
TIP620: The Intelligent Investor by Benjamin Graham
BTC176: Bitcoin and Traditional Finance in 2024 w/ Jim Crider (Bitcoin Podcast)
TIP619: The Cable Cowboy: John Malone w/ Kyle Grieve
TIP618: Stig's Portfolio Performance since 2014 w/ Stig Brodersen & Clay Finck
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