Strategies for Financial Independence and Strategic Investments

This chapter highlights crucial inputs for achieving financial independence, focusing on savings, responsible investing, and diversification. It also addresses the risks of relying too heavily on single entities and provides practical resources through sponsorship messages.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” They discuss what has made them Richer, Wiser, or Happier in the past quarter.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:31 - How to think about investing with an asset manager that yields a lower return and has good values, or an asset manager with a higher return and bad values.

27:35 - The role of money vs. happiness for billionaires.

48:55 - What Stig and William learned from Ray Dalio.

54:51 - Why pain + reflection = progress.

1:25:16 - What Stig and William learned from Charlie Munger.

1:44:22 - Why William bought Alibaba and Seritage Growth Properties.

1:53:09 - Which investing books made it to the top 5 for Stig and William for Q1 2023, and why.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Listen to Stig Brodersen and William Green’s episode on Money and Happiness or watch the video.
Listen to William Green’s interview with Ray Dalio or watch the video.
Tune in to William Green’s interview with Fred Martin about being a disciplined growth investor or watch the video.
William Green’s book Richer, Wiser, Happier – read reviews of this book.
Fred Martin’s book, Benjamin Graham and the Power of Growth Stocks – read reviews of this book.
Bruce Greenwald’s book, Competition Demystified – read reviews of this book.
Joel Tillinghast’s book, Big Money Thinks Small – read reviews of this book.
Ray Dalio’s book, Your Guided Journal – read reviews of this book.
Aswath Damodaran’s book, The Little Book of Valuation – read reviews of this book.
Gautam Baid’s book, The Joys of Compounding – read reviews of this book.
Q&A with Charlie Munger from the DIJO meeting.
Watch the trailer for Free Solo.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Bluehost
Fintool
PrizePicks
Vanta
Onramp
SimpleMining
Fundrise
TurboTax

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app

Home Top podcasts Popular guests