Gus: My biggest mistakes were when i got jealous of other people because they were making great returns. I felt so smartand so sive i was likely on the inside track, and it really appealed to my vanity. With all three of those private companies, i lost, i think, the best return with something like a loss of 85%. And when i look back at the really boring that i did, where i just quietly tucked it away in a sensible, well run fund and then just kept adding to the part, those things have worked out brilliantly. Guss: You don't realize this until you look back after many years, and you realize that conservative things you did, where
IN THIS EPISODE, YOU’LL LEARN:
02:56 - What led William to study the best investors not just to discover the investing lessons, but also to learn how to live a better life?
13:10 - What William’s biggest takeaways are in interviewing and studying Charlie Munger.
37:03 - The lessons William learned in simplifying an investment approach.
44:10 - What it takes to know if you’re ready to buy individual stocks and try to outperform the market.
53:54 - The benefits of having conservative finances and how Bill Miller has influenced how he views this subject.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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