Are You Playing a Game That You Can't Win?

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The best approach for younger investors might be to just buy index funds, says John Sutter. That's because of the simplicity and difficulty of picking individual stocks that are going to perform well over time. "I don't have the characteristics that someone like a Joel Greenblatt or a Charlie Mungar or Howard Marx has," he adds.

Clay Finck chats with William Green about how the greatest investors taught him how to live a better life, the lessons William learned in simplifying an investment approach, and much, much more!

William Green is the author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

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.

38:23 - The lessons William learned in simplifying an investment approach.

45:30 - What it takes to know if you’re ready to buy individual stocks and try to outperform the market.

56:34 - 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.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
William Green’s book, Richer, Wiser, Happier.
William Green’s book, The Great Minds of Investing.
William Green’s book, The Education of a Value Investor.
Related Episode: Listen to TIP398: Wisdom From the Greatest Investors w/ William Green, or watch the video.
Related Episode: Listen to MI084: Warren Buffett, Charlie Munger, And Berkshire Hathaway w/ Adam Mead, or watch the video.

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