Intro

This chapter features a candid discussion between two friends about adapting investment strategies to navigate unpredictable market conditions. They share personal stories and emphasize the importance of investing in resilient businesses that can withstand economic upheavals.

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Episode notes

IN THIS EPISODE, YOU'LL LEARN:

00:03:02 - How Guy Spier’s ancestors lost their family fortune and became refugees in the 1930s.
00:11:41 - How Guy was shaped by this story and embarked on a quest to restore their lost fortune.
00:24:20 - Why investors need to recognize that nothing is stable and everything changes.
00:28:12 - Why Guy settled in Switzerland and why he worries about the future of the U.S.
00:35:34 - Why he doesn’t like Bitcoin or gold, preferring to own “productive assets.”
00:45:11 - Why it’s critical to invest in a way that’s true to your own nature.
00:51:00 - Why so many highly intelligent and talented fund managers end up failing.
00:59:45 - How the crash of overvalued growth stocks proves again that “price really does matter.”
01:03:17 - Why Nick Sleep’s concept of “destination analysis” is such a valuable filter for investors.
01:14:08 - How to prosper by owning great businesses that occupy the “economic high ground.”
01:27:00 - Why it’s so important to size your bets correctly and not get too carried away.
01:36:31 - How Guy clones people like Warren Buffett and Mike Ovitz, yet tries to be true to himself.
01:44:34 - How Buffett taught him that every person is an equal soul and should carry equal weight.
01:48:38 - What Buffett figured out about the benefits of becoming more lovable and kinder.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Related Episode: Part 2 of William Green's interview with Guy Spier - High-Performance Habits - RWH010.
Stig and Preston interview Guy Spier about his book, “The Education of a Value Investor.”
Stig and Preston interview Guy Spier about his $650,100 lunch with Warren Buffett.
Guy Spier’s book, “The Education of a Value Investor" – Read reviews of the book.
Subscribe to Guy Spier’s Free Newsletter.
Guy Spier’s podcast and website.
Guy Spier interviews William Green about his book, “Richer, Wiser, Happier.”
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green’s Twitter.
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