For Joe Greenblatt, that means I'm going to buy companies that are undervalued. Howard Marx says the single most important thing is how much optimism is priced into this asset? Is there too much optimism or too little? And if it's cheap, you'll end up doing well. What makes it difficult is that these simple principles aren't true all of the time. So sometimes you can do something really overpay massively for a company that you don't understand and actually do brilliantly.
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
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