RWH045: Real Success w/ Christopher Tsai
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter features a seasoned investor sharing his strategies focused on high-quality companies, particularly highlighting his investment in Tesla. The discussion also addresses misconceptions about disruptive technologies and reflects on personal lessons learned from a complex family legacy in the investment realm.
In this episode, William Green chats with Christopher Tsai, President & Chief Investment Officer of Tsai Capital. Christopher, who’s beaten the S&P 500 over the last 24 years, explains why Tesla is his biggest position; why investors routinely underestimate the impact of disruptive technologies; why it was so challenging to be the son of America’s first celebrity fund manager; what 3 habits help him most; & what he learned from his famed mentors, Peter Kaufman & Charlie Munger.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:15 - How Christopher Tsai’s family survived war & oppression in China.
18:02 - How his father became America’s first celebrity fund manager.
21:38 - What lessons Christopher drew from his father’s successes & failures.
39:51 - Why Tesla is Christopher’s biggest investment.
46:32 - Why we tend to underestimate the impact of disruptive technologies.
57:31 - Why the costliest mistake is to sell great compounders too early.
1:07:08 - What tailwinds he’s riding with Microsoft, Visa, & Mastercard.
1:14:21 - How his views on diversification have changed.
1:16:36 - What 3 habits help him to be focused, peaceful, & productive.
1:43:01 - How he became a money manager at 16.
1:57:07 - What Peter Kaufman taught him about the 7 steps to success.
2:06:48 - Why Christopher won’t invest in China.
2:10:41 - What Charlie Munger taught him.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Christopher Tsai’s investment firm, Tsai Capital.
- Christopher Tsai’s white paper on Investing in an Age of Disruption.
- Christopher Tsai’s white paper on The Power & Challenges of Compounding.
- Marcel Proust’s In Search of Lost Time.
- Adam Seesel’s Where the Money Is.
- Maxwell King’s The Good Neighbor.
- William Green’s podcast episode with Peter Keefe | YouTube Video.
- William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
- Follow William Green on X.
- Check out all the books mentioned and discussed in our podcast episodes here.
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