3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP519: The Education of a Value Investor by Guy Spier

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Spear's Mistakes in Setting Up a Value Investing Fund

Guy Spear was obsessed with value investing when his father suggested he manage some of his money for him in 1996. He followed Buffett's advice of purchasing companies that are cheap and have an expanding moat around them. After five years, his fund significantly outperformed and assets under management crossed $50 million. The great financial crisis would prove how difficult it is to diverge from the crowd.

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