The more sexy an investment is, the more sceptical you should probably be about it. So if there is something that appears to be a bit sexi and has like, a ton of upside, then you'd better be pretty convinced that it's going to work out. And sometimes really the most mundane things turn out to be really beautiful. One investor who talked to me about the things that he had done during covet when the market was melting down. He used the opportunity to buy a stake in a company that made ice machines for restaurants. I mean, how boring and mundane could that be, right? But it's kind of brilliant, because it's, it's a good business
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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