TIP735: Compounding with Character w/ Guy Spier
We Study Billionaires - The Investor’s Podcast Network
The Importance of Deep Conversations
This chapter emphasizes the importance of deep connections through extended conversations with friends, showcasing how they enrich our lives beyond mere small talk. It also addresses the challenges posed by busy lifestyles that limit the depth of our interactions, before shifting to promotional content.
In this episode, Stig Brodersen speaks with Guy Spier who has outperformed the S&P 500 since 1997, with a 9.6% vs. 8.8% CAGR. They explore why Guy invested in The Economist, and how friendships, service, and living by an inner scorecard guide his life and investment philosophy.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:27 - Why Guy Spier decided to invest in The Economist.
13:16 - How Guy is living by his inner scorecard.
55:16 - Why friendships are there for a reason, a season, or a lifetime.
55:16 - How does Guy invest in friendships?
01:09:03 - How to facilitate thoughtful conversations with friends.
01:22:03 - How do you seek wisdom?
01:44:04 - How do you identify how to best be of service?
01:57:43 - What money can and can’t buy you.
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.
- Stig’s interview with Guy Spier about his track record and risk.
- Stig’s interview with Guy Spier about investing and life.
- Stig and Preston’s interview with Guy Spier on his book, The Education of a Value Investor.
- Stig and Preston’s interview with Guy Spier about his 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.
- Check out all the books mentioned and discussed in our podcast episodes here.
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