RWH050: The Intelligent Investor w/ Jason Zweig
We Study Billionaires - The Investor’s Podcast Network
Indexing vs. Outperformance: Navigating Investment Strategies
This chapter explores the tension between using index funds and picking individual stocks for better market performance. It highlights key research on stock performance and the challenges of identifying high-performing investments in a largely underperforming market.
In today’s episode, William Green chats with Jason Zweig about his updated & revised edition of Benjamin Graham’s The Intelligent Investor, which Warren Buffett describes as “by far the best book on investing ever written.” Jason, who also writes the Wall Street Journal’s Intelligent Investor column, explains why Graham’s classic book still holds vitally important lessons for today’s investors. He also shares what he’s learned from interviewing Buffett & Charlie Munger.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:33 - How Jason Zweig tackled the “honor & burden” of revising The Intelligent Investor.
11:06 - How Ben Graham’s 4 core principles can help you to invest intelligently.
25:24 - What a sudden plunge in Japanese stocks shows about the craziness of markets.
27:56 - What Jason views as the most important paragraph ever written about investing.
32:42 - How Warren Buffett & Bill Miller profit from being “inversely” emotional.
33:57 - How regular investors can win by tuning out Wall Street’s propaganda.
39:15 - Why you must decide if you’re an “enterprising” or “defensive” investor.
44:40 - Why maintaining a “margin of safety” matters more than anything.
48:40 - Why Jason believes index funds should form the base of your portfolio.
52:52 -Why it’s so hard to pick the tiny minority of “superstocks.”
1:00:21 - What dooms the vast majority of fund managers to underperform.
1:14:33 - How Graham’s most successful investment violated his own principles.
1:33:01 - What life lessons Jason learned from Graham, Buffett, & Charlie Munger.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Jason Zweig’s website.
- Benjamin Graham’s The Intelligent Investor, revised and updated by Jason Zweig.
- Jason Zweig’s book on neuroeconomics, Your Money and Your Brain.
- Jason Zweig’s satirical survival guide to Wall Street, The Devil’s Financial Dictionary.
- William Green’s previous podcast episode with Jason Zweig | YouTube Video.
- William Green’s podcast episode with Christopher Begg | YouTube Video.
- William Green’s podcast episode with Peter Keefe | YouTube Video.
- William Green’s book, “Richer, Wiser, Happier” – read the reviews.
- Follow William Green on X.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
- 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:
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
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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
