The future is unknowable, so how the hell do i make a good decision about the future, about anything? The reason they have to be very pragmatic in terms of thinking about the future and how to make good decisions is ecause they have skin in the game. You can lose tens of millions, hundreds of millions, billions of dollars, in the case of some of these investors. So i think that makes them very good thinkers. It starts off really just being about money, and then i stop to think about all these issues that they're grappling with. Like to give you an example, something like howard marks, who i write about in one of the chapters of this book.
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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