We Study Billionaires - The Investor’s Podcast Network

RWH009: How to Build Enduring Wealth w/ Guy Spier (Part 1)

Jul 10, 2022

01:48:54

Highlights

AI Chapters

Episode notes

You've Always Had This Deep Seated Fear That Everything Could Go to Hell

03:59

I Have a Deep Yearning to Be Loved and Admired

01:48

Cloning and Being True to Yourself

05:25

Introduction

2min

The Richer, Wiser, Happier Podcast - Part One

4min

What Happened to the Assets Seized?

2min

What Is the Story of Walter Benjaminis?

2min

Theodora Dorno, a German Jew

2min

The Story of Your Grandfather Basly

3min

Do You Think It's Doing Lots of Therapy the Cause?

2min

You've Always Had This Deep Seated Fear That Everything Could Go to Hell

4min

Editing Doesn't Edit. It Could Be

3min

10.

Investing in Times of Crisis

5min

11.

Passime Invest Dot Com - A Real Estate Investment Firm

4min

12.

Investing in the Global Markets

2min

13.

Is Bit Coin a Better Asset Than Bitcoin?

5min

14.

The Goal of Investing Is Not to Own Productive Assets, It's to Make Money

4min

15.

Investing in a Way That's True to Who You Are

4min

16.

Do You Know That Bill Miller or Bill Acman Investments Aren't Enough?

3min

17.

How to Build Resilient Wealth Over a Generation

3min

18.

Paydart With Prospective Investors

5min

19.

You're Too Smart to Understand Why It's Worth Paying Up

5min

20.

Mysel Destination Analysis Is What Matters

4min

21.

The Destination Is Not So Much, Is There a Destination?

3min

22.

How to Set Up a Bicoin I or a With Unchained Capital

2min

23.

Are There Businesses That Occupate the Economic High Ground?

6min

24.

MacDonald's Is a Franchise

4min

25.

Is India Energy Exchange the Economic High Ground?

3min

26.

The Economic High Ground in Care Ratings

2min

27.

Position Sizing Is an Important Part of What You Do

3min

28.

Are You a Successful Speculator?

4min

29.

Cloning and Being True to Yourself

5min

30.

Cloning, Imitation, and Clone

5min

31.

Suspending Judgment Is Such a Smart Thing to Do

3min

32.

I Think It's a Smart Way to Be, Even From an Investing Perspective. But It Happens to Be Long Term Greedy as Well.

2min

33.

I Have a Deep Yearning to Be Loved and Admired

2min

34.

The Investors Podcast - Part One

2min

IN THIS EPISODE, YOU'LL LEARN:

00:03:02 - How Guy Spier’s ancestors lost their family fortune and became refugees in the 1930s.
00:11:41 - How Guy was shaped by this story and embarked on a quest to restore their lost fortune.
00:24:20 - Why investors need to recognize that nothing is stable and everything changes.
00:28:12 - Why Guy settled in Switzerland and why he worries about the future of the U.S.
00:35:34 - Why he doesn’t like Bitcoin or gold, preferring to own “productive assets.”
00:45:11 - Why it’s critical to invest in a way that’s true to your own nature.
00:51:00 - Why so many highly intelligent and talented fund managers end up failing.
00:59:45 - How the crash of overvalued growth stocks proves again that “price really does matter.”
01:03:17 - Why Nick Sleep’s concept of “destination analysis” is such a valuable filter for investors.
01:14:08 - How to prosper by owning great businesses that occupy the “economic high ground.”
01:27:00 - Why it’s so important to size your bets correctly and not get too carried away.
01:36:31 - How Guy clones people like Warren Buffett and Mike Ovitz, yet tries to be true to himself.
01:44:34 - How Buffett taught him that every person is an equal soul and should carry equal weight.
01:48:38 - What Buffett figured out about the benefits of becoming more lovable and kinder.

*Disclaimer: Slight timestamp discrepancies 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.
Related Episode: Part 2 of William Green's interview with Guy Spier - High-Performance Habits - RWH010.
Stig and Preston interview Guy Spier about his book, “The Education of a Value Investor.”
Stig and Preston interview Guy Spier about his $650,100 lunch with Warren Buffett.
Guy Spier’s book, “The Education of a Value Investor" – Read reviews of the book.
Subscribe to Guy Spier’s Free Newsletter.
Guy Spier’s podcast and website.
Guy Spier interviews William Green about his book, “Richer, Wiser, Happier.”
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green’s Twitter.
Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Check out our favorite Apps and Services.

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