The most valuable thing that i got from interviewing charley, which i did in los angeles, originally travelled three thousand miles to interview him. Instead of trying to be smarter, what you want to do actually is try to be consistently less stupid. So he's taken from this nineteenth century mathematician agi cae cal gustav jacobi, who said, invert, always invert. This is what charle's doing. He's inverting. He is solving the problem backwards. And so once you start to be like munger, then if we can't predict the future, how conadad are we? It's pretty liberating because you know that all these progators
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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