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TIP414: Investing and Life Masterclass w/ Guy Spier

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Jan 16, 2022

Guest

Guy Spier

Stig Brodersen welcomes Guy Spier, a revered value investor and author of "The Education of a Value Investor." They discuss harnessing envy as a motivational tool and the need to evolve beyond outdated investment beliefs. Guy shares his views on Bitcoin and how struggles in life translate to success in investing. He emphasizes the importance of authenticity and integrity, urging listeners to prioritize ethical contributions and meaningful relationships over mere financial gains.

01:28:18

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ADVICE

Using Envy as Motivation

Use envy as motivation, not as a destructive force.
Identify what you envy in others and use it to drive your own growth and improvement.

insights

INSIGHT

Escaping Old Ideas

Identifying and escaping old ideas is crucial for growth and adaptation.
Guy Spier discusses his struggle to move beyond traditional value investing principles in a changing market.

insights

INSIGHT

Cloning Habits of Heroes

Cloning habits of heroes can be helpful, but critical thinking is key.
Learn from heroes, but adapt their lessons to your own context and personality.

Get the Snipd Podcast app to discover more snips from this episode

Embracing Envy: A Path to Growth

01:33 • 7min

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Embracing Change in Investing

08:07 • 22min

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Defining Investment Boundaries and Risk Assessment

29:50 • 5min

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Navigating Cryptocurrency and Investment Philosophy

34:59 • 25min

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Expanding Your Investment Knowledge in Technology

59:31 • 5min

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The Power of Noble Missions

01:04:49 • 21min

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Navigating Success with Integrity in Investing

01:25:58 • 6min

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#853

• Mentioned in 24 episodes

The education of a value investor

Guy Spier

In this book, Guy Spier narrates his early career struggles in investment banking on Wall Street and his transformation into a value investor. The book covers his experiences working at D.H. Blair, his education at Oxford and Harvard Business School, and the significant influences of Warren Buffett and Charlie Munger on his investment philosophy. It also emphasizes the importance of authenticity, continuous learning, and ethical considerations in investing. The book has been translated into several languages and has sold over 175,000 copies in English.

#315

• Mentioned in 48 episodes

MONEY Master the Game

7 Simple Steps to Financial Freedom

Tony Robbins

In 'MONEY Master the Game: 7 Simple Steps to Financial Freedom,' Tony Robbins provides a comprehensive blueprint for securing financial freedom. The book is based on extensive research and interviews with legendary investors such as Warren Buffett, Ray Dalio, Carl Icahn, and John Bogle. It outlines seven steps: making the most important financial decision of your life, becoming an insider by knowing the financial rules, making the game winnable, making the most important investment decision, creating a lifetime income plan, investing like the top 0. 1%, and taking action. The book emphasizes the importance of education, diversification, and developing the right financial strategies to achieve long-term financial security and freedom.

#2381

• Mentioned in 11 episodes

Power versus force

David R. Hawkins

In 'Power vs. Force,' Dr. David R. Hawkins explores the distinction between power and force, arguing that anything below the 200 level of consciousness is negative and life-destructive, while anything above is positive and life-sustaining. The book uses Applied Kinesiology and concepts from particle physics, nonlinear dynamics, and chaos theory to support its study of human behavior. It is divided into three parts, focusing on the nature of power and force, the quality of human interactions, and the evolution of human consciousness. Hawkins advocates for aligning oneself with positive, life-sustaining elements to enhance personal power and integrity.

#1528

• Mentioned in 15 episodes

The magic mountain

Thomas Mann

The Magic Mountain is a novel by Thomas Mann, published in 1924. It follows the story of Hans Castorp, a young man from a Hamburg merchant family, who visits his tubercular cousin Joachim at a sanatorium in Davos, Switzerland. Initially planning to stay for three weeks, Castorp ends up staying for seven years, immersing himself in the unique world of the sanatorium. The novel delves into themes of time, illness, and the intellectual and philosophical debates of the pre-World War I era. It is a parable of Europe before the Great War and a prophecy of the future, highlighting the decline of European civilization and the rise of irrational and destructive forces. The narrative is characterized by Mann's ironic and omniscient storytelling, exploring the human condition through Castorp's experiences and the diverse characters he encounters at the sanatorium.

#359

• Mentioned in 44 episodes

The essays of Warren Buffett

Lessons for Corporate America

Warren Buffett

This book is a comprehensive collection of Warren Buffett's annual letters to Berkshire Hathaway shareholders, edited by Lawrence A. Cunningham. It provides valuable insights into Buffett's investment philosophy, corporate management, and business strategies. The letters are organized into thematic chapters, making it easier for readers to understand Buffett's views on various topics such as value investing, executive compensation, and market fluctuations. The book is praised for its clarity, wisdom, and practical advice, making it a definitive source for understanding Buffett's approach to business and investing.

#966

• Mentioned in 22 episodes

David Copperfield

Paul Lorain

Charles Dickens

A classic novel by Charles Dickens, following the life of David Copperfield from childhood to adulthood.

#2892

• Mentioned in 9 episodes

The Story of My Experiments with Truth

Experiments with Truth

Mahatma Gandhi

This autobiography, written in weekly installments from 1925 to 1929, details Gandhi's life from his childhood to 1921. It includes his experiences with child marriage, his studies in London, his time in South Africa, and his involvement in the Indian independence movement. The book emphasizes Gandhi's commitment to truth and nonviolent resistance, and it provides insights into his personal and public life, including his experiments in dietetics, social work, and political activism.

Stig Brodersen chats with Guy Spier. Guy Spier has had a profound impact on the value investing community. As with Warren Buffett, many investors first find Guy Spier to learn how to invest. But while you might come for the investing lessons, you stay for the life lessons.

IN THIS EPISODE, YOU'LL LEARN:

02:13 - How to use envy as a positive force in your life.
09:43 - Which idea that Guy Spier had to let go of in his evolution as a value investor.
15:03 - Why Guy Spier thinks that Charlie Munger is right and wrong about bitcoin being rat poison.
15:49 - How to know which habits to clone and which not from heroes like Charlie Munger.
25:29 - Why you can be a value investor and invest in bitcoin.
40:05 - How to struggle well in life and investing?
54:29 - How does the shorter tenure in the S&P500 change how Guy Spier thinks about compounders.
01:00:09 - Which investing knowledge Guy Spier would like to acquire if it didn’t require any time.
01:07:19 - Why the best way to achieve success is to deserve it.
01:15:03 - How and why you should be authentic and vulnerable.

*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.
Stig and Preston’s interview with Guy Spier on his book, The Education of a Value Investor.
Stig and Preston’s interview with Guy Spier about his lunch with Warren Buffett.
Guy Spier’s book, The Education of a Value Investor – Read reviews of the book.
Subscribe to Guy Spier’s Free Newsletter.
Guy Spier’s podcast and website.

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