We Study Billionaires - The Investor’s Podcast Network RWH042: Survive & Thrive w/ Guy Spier: Part 1
23 snips
Mar 17, 2024 
Guy Spier, a renowned hedge fund manager running the Aquamarine Fund, shares his insights on sustainable wealth compounding, inspired by lessons from Warren Buffett. He candidly discusses the emotional challenges of investing, particularly during the Global Financial Crisis. Spier emphasizes the importance of holding stocks indefinitely while reflecting on investment successes and failures. He also reveals how downhill ski racing strategies reflect success principles, making this conversation a treasure trove for aspiring investors seeking wisdom and resilience.
AI Snips
Chapters
Books
Transcript
Episode notes
Intense Collaboration on Book
- William Green helped Guy Spier write his book, "The Education of a Value Investor".
- They spent intense weeks together, with Green essentially living with Spier's family.
Truth Leads to Authenticity
- Telling the truth, even if it risks reputation, leads to authenticity.
- Green's challenge helped Spier reveal suppressed, painful memories, improving the book.
Father's Support During Crisis
- During the 2008 financial crisis, Spier's fund faced potential ruin through Bear Stearns.
- His father, despite his trading background, provided emotional support and trust.
