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We Study Billionaires - The Investor’s Podcast Network
TIP414: Investing and Life Masterclass w/ Guy Spier
Jan 16, 2022
01:28:18
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Quick takeaways
- Leverage envy for growth and improvement, Embrace challenges for personal resilience and success, Cultivate patience and long-term vision in investing strategies
Deep dives
Impact on Value Investing Community
The guest discussed how they had a profound impact on the value investing community, guiding many investors towards valuable investment lessons while also offering insights beyond just financial guidance.
Utilizing Envy in a Positive Manner
Envy was discussed as a positive emotion, signaling a desire for something attainable rather than unattainable, encouraging individuals to leverage this feeling for personal growth and development.
Dealing with Adversity and Growth Mindset
The importance of embracing adversity as an opportunity for personal growth was highlighted, emphasizing the significance of navigating challenges to foster resilience and deserving success.
Adopting a Patient Approach in Investing
The necessity of extreme patience in investing, with a comparison to watching paint dry as a sign of wealth-building potential, underscored the importance of cultivating patience and long-term vision in investing strategies amid evolving market trends.
The Power of Vulnerability in Success and Relationships
Being vulnerable and authentic is key to fostering successful relationships and personal growth. Through examples and reflections, the podcast emphasizes the importance of embracing vulnerability, learning from failures, and being genuine in interactions. It shares insights on how opening up emotionally can lead to deeper connections and positive outcomes in both personal and professional aspects of life.
The Significance of Noble Missions in Investment and Life
Discussing the importance of noble missions in investing and personal life, the episode suggests that focusing on making a positive impact on society can lead to long-term success and fulfillment. It highlights the value of ethical decision-making, emphasizing the need to consider a company's mission beyond financial gains. By exploring real-life examples of companies facing consequences for unethical practices, it underscores the significance of aligning personal and corporate missions with noble values.
7.
I've Read So Much Fiction That I Just Don't Think There Are Any Gains I Can Get From It
2min
17.
I'm Not Friends With Charle Munger. I'vemonish's Close Relationship With Charley Munger.
2min
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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