Behind the Balance Sheet #25 The Celebrity Investor
32 snips
Aug 17, 2023 
Guy Spier, successful value investor, discusses the importance of environment design in investing and how simplicity is key. He shares stories about his university connections, including David Cameron and Chris Hohn, and explains why his father trusted him with his life savings. The highlight is his lunch with Warren Buffett.
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Early Exposure to Investing
- Guy Spier's father invested in stocks and would track prices in the International Herald Tribune.
- Young Guy was fascinated by compound interest using an HP12C calculator.
Efficient Markets vs. Complex Systems
- Guy Spier initially believed in efficient markets, influenced by his tutor, Peter Sinclair.
- Later, he realized that complex adaptive systems better explain market behavior.
Contemporaries at Oxford
- Guy Spier was contemporaries with David Cameron and Chris Hohn at Oxford.
- He found Cameron's self-expression and understanding of economics impressive.