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RWH028: Lessons From Legends w/ Mohnish Pabrai, Tom Gayner, & John Spears

Jun 25, 2023

Join leading investor Mohnish Pabrai, known for his ethical investing, and Tom Gayner, CEO of Markel Corporation, as they share invaluable insights on trust and integrity in business. They explore Charlie Munger’s belief that ethics offer a competitive edge, the importance of removing toxic relationships, and how lasting success is built on authentic connections. Mohnish highlights the impact of David Hawkins’ work, while Tom emphasizes operating from trust and integrity. Discover how these principles can transform both business and personal life.

01:25:24

Episode guests

Tom Gayner

Mohnish Pabrai

Highlights

AI Chapters

Episode notes

Surround Yourself with Truth, Integrity, and Ethics

01:25

Building Trust through Unconditional Gestures

01:27

Power of Positive Emotions

01:32

Building a Business with Aligned Incentives

01:29

Intro

2min

Trust and Ethics in Business

17min

The Impact of Relationships and Ethical Decision-Making

6min

The Journey of Truth, Kindness, and Self-Awareness

24min

Navigating Emotions and Innovative Solutions

9min

Integrity and Trust in Success

26min

Embracing Imperfection and Self-Forgiveness

6min

In this special episode, William Green shares several fundamental, life-changing lessons that he’s learned from his conversations with Charlie Munger, Mohnish Pabrai, Tom Gayner, & John Spears. The focus here is on powerful insights that can guide & enrich you both in business & life.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:37 - Why Charlie Munger thinks being ethical is a huge competitive advantage

17:16 - Why Munger urges you to get “toxic people” out of your life, & do it fast.

24:52 - How Mohnish Pabrai forges strong relationships based on trust & fairness and how Mohnish’s success is built on David Hawkins’ insights in “Power vs Force.”

36:09 - What William Green learned from Hawkins’ books that changed his life.

46:36 - Why Munger won’t indulge in destructive emotions like anger & envy.

57:32 - How Markel CEO Tom Gayner infuses his business dealings with timeless values.

1:06:33 - How Tom operates by initiating trust & then assessing whether it’s deserved.

1:16:23 - What Tom looks for when appraising a person’s integrity.

1:25:18 - What John Spears learned from Quakerism that guided him in business & life.

Disclaimer: Slight discrepancies in the timestamps 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.
Tune in to William Green’s full interview with Mohnish Pabrai or watch the video.
Listen to William Green’s full interview with Tom Gayner or watch the video.
Tune in to William Green’s full interview with John Spears or watch the video.
Listen to William Green’s interview with Daniel Goleman & Tsoknyi Rinpoche or watch the video.
“Power vs Force” by David Hawkins.
“Letting Go” by David Hawkins.
“Transcending the Levels of Consciousness” by David Hawkins.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green’s Twitter.

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