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Why You Shouldn't Talk About Your Investments
When you are public about your investments, psychologically it becomes much more difficult for you to change your mind. Monetian Guy reviewed their own mistakes and shared them with each other as oftentimes the best way to learn from mistakes is to make sure that they're not doing it. One of his mistakes taught him to look for businesses that offer a win-win for all parties involved.
Clay reviews Guy Spier’s book, The Education of a Value Investor. Guy Spier is a renowned hedge fund manager who has beaten the S&P 500 by almost 250 percentage points since launching the Aquamarine Fund in 1997. He has also been a guest on We Study Billionaires several times, including episode #14 released all the way back in 2014.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:27 - Guy’s story and background, and the critical mistakes he learned from the journey.
06:39 - How studying Tony Robbins and Warren Buffett changed his life.
19:48 - How writing handwritten letters helped Guy forge and develop extremely valuable and fulfilling relationships.
23:20 - What led Guy to purchase a charity lunch with Warren Buffett.
43:54 - What he learned from experiencing the great financial crisis as a fund manager.
51:45 - Why Guy values fulfillment and a life well-lived over money.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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