The Essential Role of Perseverance in Investing and Wealth Building

In this unusually personal and candid episode, William Green answers a wide range of probing questions posed by listeners to his podcast and readers of his book, “Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets & Life.” Here, William discusses the key qualities, principles, and practices he’s observed in the best investors; how they handle adversity; what he’s learned from his own setbacks, failures, and mistakes; and how he’d invest if he were starting over.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro 01:19 - What were the three best decisions William Green ever made? 17:04 - What Charlie Munger and Bill Miller can teach us about handling adversity. 23:40 - Why he views indomitable perseverance as the key to success. 34:52 - What drives investing stars like Bill Ackman, Will Danoff, and Mario Gabelli. 48:19 - Why the best investors focus on reducing complexity. 01:03:58 - How to succeed while constructing a calmer, more spacious life. 01:12:50 - How William approaches the art of interviewing. 01:38:22 - What he learned when his career (and profession) went up in smoke. 01:48:39 - What his worst investment mistakes taught him about building wealth. 01:53:28 - How investors can prosper mightily by getting the big things right. 01:55:23 - How he’d invest if he were starting over again.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠here⁠⁠⁠.
• Join the exclusive ⁠⁠⁠TIP Mastermind Community⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• William Green’s podcast interview with Annie Duke.
• William Green’s podcast interview with Samantha McLemore.
• William Green’s podcast interview with Tsoknyi Rinpoche & Daniel Goleman.
• William Green’s podcast interview with Bill Nygren.
• William Green’s podcast interview with Brad Stulberg.
• Guy Spier's The Education of a Value Investor.
• Marcus Aurelius' Meditations.
• Jim Stockdale's Thoughts of a Philosophical Fighter Pilot.
• Daniel Goleman & Richard Davison's Altered Traits.
• Daniel Goleman & Tsoknyi Rinpoche's Why We Meditate⁠.
• William Green’s ⁠TEDx Talk⁠.
• William Green’s book, “Richer, Wiser, Happier” – ⁠read the reviews of this book⁠.
• Follow William Green on ⁠⁠⁠X⁠⁠⁠.
• Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠here⁠⁠⁠.
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