We Study Billionaires - The Investor’s Podcast Network TIP765: What the World’s Great Philosophers Can Still Teach Us About Wealth and Wisdom w/ Kyle Grieve
Dive into a fascinating exploration of how timeless philosophical concepts apply to investing. Discover Spinoza's take on emotional self-mastery as a key to success, and how Nietzsche connects integrity with investment strategies. Hume's skepticism sharpens decision-making, while Voltaire challenges conventional market beliefs. Pascal's insights on luck remind us of the role chance plays. Finally, Bruce Lee's idea of adaptability offers a fresh perspective on personalizing investment strategies for better outcomes.
01:07:34
Philosophy Shapes Investing Mindset
- Investing is less about numbers and more about how we think under uncertainty.
- Philosophy helps manage emotions, decision-making, and defines durable success.
Focus On Intrinsic Value
- Zoom out from daily price moves and focus on intrinsic value.
- Apply Graham's Mr. Market to separate market opinion from underlying worth.
Striving Explains Business Behavior
- Canatus (striving to persist) drives companies to maintain advantages.
- Misaligned incentives between employees, CEOs, and shareholders can erode long-term value.
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Intro
00:00 • 2min
Spinoza and the Aspect of Eternity
02:22 • 3min
Canatus: Businesses Strive to Persist
05:47 • 2min
Emotional Bondage and Investor Self‑Mastery
08:06 • 3min
Nietzsche, Eternal Recurrence, and Inner Integrity
10:44 • 6min
Hume's Healthy Skepticism in Investing
16:50 • 4min
Contrarianism: Be Different and Be Right
21:02 • 4min
Market Sentiment Extremes and Skeptic Action
25:07 • 46sec
Voltaire on Confirmation Bias and Markets
25:53 • 4min
Pascal on Luck and the Conditionality of Wealth
29:55 • 6min
William James and Pragmatism Against Abstractions
35:50 • 3min
Simulations and Baudrillard's Simulacra in Markets
38:27 • 6min
Schopenhauer: Dual Life of Abstract and Concrete
44:22 • 4min
Poker, Sample Size, and Einhorn's Edge
48:20 • 3min
Self‑Reflection: Learn From Wins and Losses
50:54 • 3min
Kierkegaard and Loving the Investment Process
54:04 • 6min
Seneca and Time Reveals Truth
59:54 • 55sec
Camus's Absurdism: Avoid Finding False Patterns
01:00:49 • 2min
Buber's I‑You Versus I‑It and Business Relationships
01:03:07 • 3min
Bruce Lee: Be Water and Personalize Your Strategy
01:06:36 • 5min
Outro
01:11:06 • 45sec
#11379
• Mentioned in 3 episodes
The Investment Philosophers
Financial Lessons from the Great Thinkers
Ethan A. Everett
#4281
• Mentioned in 8 episodes
The Meaning of Truth
Nicole Sachs
#76181
Discourses on the Condition of the Great
Blaise Pascal
In 'Discourses on the Condition of the Great,' Blaise Pascal examines the nature of greatness and power, distinguishing between qualities that merit respect and those that do not.
Using analogies such as a man mistaken for a king, Pascal critiques the arrogance and forgetfulness of natural condition often found among the powerful.
He argues that true greatness involves recognizing one's natural state and acting with justice and charity rather than force or vanity.
The work reflects on human condition themes, including the folly of self-deception and the moral duties of those in high status.
#14410
• Mentioned in 3 episodes
Two ages
the age of revolution and the present age : a literary review
Søren Kierkegaard
In 'Two Ages: A Literary Review', Kierkegaard critiques the novel 'Two Ages' by Thomasine Christine Gyllembourg-Ehrensvärd, using it as a platform to discuss the societal shifts from the Age of Revolution to the Present Age. He argues that the Present Age is characterized by a lack of passion and an emphasis on conformity, leading to a depersonalization of individuals.
Kierkegaard advocates for a return to individuality and ethical stances despite societal pressures.
#157
• Mentioned in 103 episodes
Richer, Wiser, Happier
How the World's Greatest Investors Win in Markets and Life
William Green
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.
#859
• Mentioned in 31 episodes
Candide
François-Marie Arouet
Voltaire
Candide, written by Voltaire, is a satirical novel that critiques metaphysical optimism, particularly the philosophy of Gottfried Wilhelm Leibniz.
The story revolves around Candide, a naive and optimistic young man who is expelled from his home after an illicit affair with the baron's daughter, Cunégonde.
Candide and his companions, including his tutor Pangloss, experience a series of horrific events such as wars, earthquakes, slavery, and other atrocities.
Despite these hardships, Pangloss persists in his belief that 'all is for the best in this best of all possible worlds.
' The novel ultimately concludes with Candide and his friends settling on a farm in Turkey, where they find happiness by focusing on practical, everyday tasks rather than philosophical speculations.
Voltaire uses satire to lampoon various aspects of 18th-century society, including science, philosophy, religion, and government.
#22
• Mentioned in 284 episodes
The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions.
The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes.
Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation.
He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge.
On today’s episode, Kyle Grieve discusses how timeless philosophical ideas can deepen our understanding of investing and life. He explores lessons from thinkers such as Spinoza, Nietzsche, Hume, and Pascal to reveal how concepts like persistence, skepticism, and luck shape decision-making. Kyle also connects these ideas to modern investing by drawing on insights from Buffett, Voltaire, and Bruce Lee, showing how adaptability, emotional control, and inner reflection lead to better outcomes.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro 00:02:18 - How Spinoza’s idea of eternity can guide timeless investing decisions 00:05:36 - The power of persistence and what conatus teaches us about successful businesses 00:07:56 - Why emotional self-mastery may be your greatest investing edge 00:10:19 - What Nietzsche and Buffett reveal about living with integrity in finance and life 00:16:30 - How Hume’s healthy skepticism leads to sharper questions and wiser decisions 00:26:01 - What Voltaire can teach us about challenging the Efficient Market Hypothesis 00:30:11 - How Blaise Pascal’s wild luck swings illuminate the role of chance in investing 00:35:52 - Why William James’s pragmatism can ground abstract financial ideas in reality 00:38:31 - How market simulations and symbols can distort or enhance our understanding 01:07:12 - What Bruce Lee’s Be Water mindset reveals about adaptability in investing
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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