The Guy Who Studied Buffett for 25 Years

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Sep 4, 2024

Guy Spier, a dedicated value investor with 25 years of experience studying Warren Buffett, shares invaluable insights on investing. He emphasizes the importance of community learning through his group, 'the Posse,' and how meaningful discussions spark innovative ideas. Spier recounts transformational lessons from early investments, including the pitfalls of greed and the power of gratitude. He highlights the significance of personal connections, long-term strategies, and the emotional elements that influence investment decisions.

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ANECDOTE

The Posse

Guy Spier joined a group of Warren Buffett enthusiasts called the Posse.
They met weekly, sharing and debating stock ideas, leading to valuable insights and connections.

ANECDOTE

Farmer Mac

Guy Spier presented a stock idea, PharmaMac, to the Posse, believing it was the next Freddie Mac.
Bill Ackman, after hearing the idea, informed Spier he shorted PharmaMac because it was "borderline fraudulent."

ADVICE

Reverse Engineering Success

Study successful investors to learn their strategies and apply them to your own investments.
Look for similar investment situations and try to reverse-engineer their success.

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