Talking Billions with Bogumil Baranowski Christopher Begg: High-Quality Investing & Playing the Infinite Game
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Sep 18, 2024 
Christopher Begg, a successful long-term value investor and adjunct professor at Columbia University, dives deep into the evolution of investing philosophy. He emphasizes the importance of patience and quality in investments while teaching Ben Graham’s timeless principles. Begg reflects on how insights from nature, particularly his love for surfing, shape his investment strategies. He also discusses the balance between freedom and growth in business, advocating for a long-term perspective that prioritizes meaningful experiences over mere financial success.
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Childhood Sparks Finance Passion
- Christopher Begg grew up near the ocean with a CPA father and nurse mother, sparking his interest in finance early.
- Sorting checks at his father's office as a child introduced him to working with numbers and responsibility.
Think Like a Business Owner
- Value investing requires thinking like a businessman, focusing on cash flows and margins of safety.
- Paying a discount to intrinsic value helps protect against loss and guides investment decisions.
Investor Style Evolution
- Chris Begg experimented with various investment styles before settling on value investing aligned with his temperament.
- He meticulously studied top investors’ moves to develop pattern recognition for investing success.