We Study Billionaires - The Investor’s Podcast Network

RWH053: Trouble Ahead w/ Bill Priest

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Jan 12, 2025

Bill Priest, a seasoned investor and Vice Chairman of TD Wealth, shares insights from his six decades in finance. He discusses the dangers of complacency among investors and highlights the importance of free cash flow and cost of capital. Bill expresses concerns about stagflation and suggests maintaining cash reserves to weather economic storms. He also warns against overinvesting in growth stocks and offers caution regarding investments in China, all while praising the unstoppable rise of AI.

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ANECDOTE

Ohio Upbringing

Bill Priest grew up in small-town Ohio, valuing hard work and family.
His father instilled a strong work ethic, requiring chores for allowance.

ANECDOTE

First Investment

Priest's early investing experience included losing half his money on Hudson Vitamin Products.
This taught him to avoid investing in areas he doesn't understand.

ANECDOTE

Entering Investment Industry

Priest took a lower-paying job in San Francisco to pursue his passion for security analysis.
His father questioned this decision, but Priest was determined.

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RWH053: Trouble Ahead w/ Bill Priest

Ohio Upbringing

First Investment

Entering Investment Industry

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