TIP771: Money Masters Of Our Time w/ Kyle Grieve
We Study Billionaires - The Investor’s Podcast Network
T. Rowe Price: Discipline and Switching Strategies
Kyle explains Price's disciplined sell rules, growth criteria, and why he shifted away then back to growth.
On today’s episode, Kyle Grieve discusses significant takeaways from the book Money Masters Of Our Time.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro 00:07:58 - Warren Buffett's emphasis on "controlled greed" and "fascination with your craft" and why it's necessary to survive in the market for a lifetime 00:11:14 - How to identify and take advantage of stocks nobody else wants 00:17:48 - Why more research time should be spent finding the truth of things rather than confirming what you already believe to be true 00:24:46 - A simple framework for identifying and holding businesses that compound capital 00:28:29 - The four kinds of events when a quality business can offer attractive entry points to look for 00:43:51 - Strategies to search for opportunities in newly opened markets 00:52:32 - The importance of perspective when taking advice from people who are playing different games than you 00:56:09 - The importance of being reluctant to take profits 01:02:08 - How to utilize metaphors to aid in your investing decision-making 01:12:30 - The strength of using tracking positions to understand potential outperformers better
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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