In 'Power vs. Force,' David R. Hawkins explores the nature of true power and force, arguing that power is whole, positive, and wholesome, while force is partial, selfish, and negative. The book introduces a hierarchical scale of consciousness, ranging from 1 to 1000, where levels below 200 are considered negative and those above 200 are positive. Hawkins uses concepts from particle physics, nonlinear dynamics, and chaos theory, as well as Applied Kinesiology, to support his research. The book is divided into three parts, discussing the process of achieving one’s ultimate potential, the distinction between power and force in various aspects of life, and the evolution of human consciousness. It emphasizes the importance of integrity, understanding, and compassion in enhancing one’s level of consciousness and leading a more fulfilling life[1][3][4].
In this book, Guy Spier narrates his early career struggles in investment banking on Wall Street and his transformation into a value investor. The book covers his experiences working at D.H. Blair, his education at Oxford and Harvard Business School, and the significant influences of Warren Buffett and Charlie Munger on his investment philosophy. It also emphasizes the importance of authenticity, continuous learning, and ethical considerations in investing. The book has been translated into several languages and has sold over 175,000 copies in English.
In Richer, Wiser, Happier, William Green draws on interviews conducted over twenty-five years with many of the world’s greatest investors. The book highlights that the most successful investors are mavericks and iconoclasts who question conventional wisdom and think rationally, rigorously, and objectively. They maximize their odds of long-term success in markets and life by drawing insights from diverse fields such as neuroscience, economic history, psychology, philosophy, and more. Green explains how these investors can teach us not only how to become rich but also how to improve our thinking, decision-making, risk assessment, and resilience, and how to turn uncertainty to our advantage.
This autobiography, written in weekly installments from 1925 to 1929, details Gandhi's life from his childhood to 1921. It includes his experiences with child marriage, his studies in London, his time in South Africa, and his involvement in the Indian independence movement. The book emphasizes Gandhi's commitment to truth and nonviolent resistance, and it provides insights into his personal and public life, including his experiments in dietetics, social work, and political activism[1][3][5].
In this episode, William Green chats with renowned hedge fund manager Guy Spier, who has run the Aquamarine Fund since 1997. This conversation has been split into two episodes. Here, in Part 1, Guy discusses the art of compounding wealth over decades, drawing on lessons he’s learned from Warren Buffett, downhill ski racers, & his own mistakes. This is an unusually candid conversation between William & Guy—old friends who collaborated on Guy’s classic book, “The Education of a Value Investor.”
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
04:07 - Why it’s so intense for Guy Spier & William Green to collaborate
10:19 - How telling the truth changed Guy’s life
17:53 - Why the Global Financial Crisis terrified him
24:52 - Why it’s hard to invest rationally in the real world of chaos & confusion
29:25 - How Guy deals with his emotions when making investment decisions
35:03 - Why his default position is to hold his stocks indefinitely & resist meddling
38:48 - Why he didn’t sell his stake in Alibaba
42:01 - Why he’s pleased with & disappointed by his investment returns
46:32 - Why his mission is long-term compounding without catastrophe
55:06 - What Guy learned from investing in a company that went bankrupt
57:57 - What the fastest skiers can teach us about success & survival
1:00:02 - How excessive risk destroyed a fund manager he once knew
1:04:13 - What we can learn from Warren Buffett about financial resilience
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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