We Study Billionaires - The Investor’s Podcast Network

RWH004: Intelligent Investing w/ Jason Zweig

Apr 12, 2022

Jason Zweig, a celebrated financial writer and expert on Benjamin Graham's principles, shares profound insights into investing. He emphasizes the need for self-control and the fact that luck plays a crucial role in success. Zweig reveals his perspective on disruptive technologies like Bitcoin and the moral dilemmas faced by financial journalists. He discusses the essential traits of humility and skepticism investors should cultivate while navigating a landscape filled with misinformation. He also muses on the real connection between money and happiness.

02:02:35

Episode guests

Jason Zweig

Highlights

AI Chapters

Episode notes

The Deep Honor in Journalistic Contribution

00:54

Unconscious Mind's Quick Decision

01:07

Learning from Mistakes and Feedback

02:12

Don't take risks you don't need to take.

00:55

Intro

2min

Courageous Legacies

10min

Ethics in Financial Journalism

13min

The Interplay of Skill and Luck in Investing

13min

The Role of Luck in Success

5min

The Legacy of Ben Graham: Balancing Risks and Rewards

20min

Balancing Confidence and Humility in Investing

10min

Neuroeconomics and Investment Behavior

6min

Investing with a Unique Perspective

8min

10.

Navigating Decision-Making Biases

24min

11.

Happiness, Legacy, and Ethical Investing

15min

IN THIS EPISODE, YOU’LL LEARN:

00:02:27 - What Jason Zweig learned from his father, the wisest person he’s ever known.
00:20:31 - Why investors shouldn’t trust what brokers and financial advisers are selling them.
00:36:34 - How success is shaped by weird moments of random chance as well as skill.
00:38:54 - What Warren Buffett said when Jason asked him, “Do you think you’re a genius?”
00:59:41 - Why Benjamin Graham was obsessed with the overwhelming importance of survival.
01:15:13 - Why investors need rules, policies, and procedures to drive their decision-making.
01:25:59 - Why investing is, above all, a head game in which the secret of success is self-control.
01:28:57 - What Jason learned while working with Nobel Prize-winning genius Daniel Kahneman.
01:37:26 - Why investors should be optimistic, humble, and intensely wary of overconfidence.
01:43:18 - How Jason thinks about the perils and promise of disruptive technologies like Bitcoin.
01:52:49 - How money can (and cannot) buy you happiness.
01:57:58 - Why he’s inspired by the simple motto “I did the best I could.”

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Benjamin Graham’s The Intelligent Investor, revised and updated by Jason Zweig.
Jason Zweig’s book on neuroeconomics, Your Money and Your Brain.
Jason Zweig’s satirical survival guide to Wall Street, The Devil’s Financial Dictionary.
Jason Zweig’s website.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book
William Green interviews Joel Greenblatt on RWH003: How to Win The Investing Game.
William Green interviews Howard Marks on RWH002: Investing Wisely In An Uncertain World.
William Green interviews Tony Robbins on RWH001: The Life Force Revolution.
William Green interviews Ray Dalio on WSB410: The Changing World Order.

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