

What Great Investors Do
59 snips Feb 8, 2025
Join William Green, author of 'Richer, Wiser, Happier' and host of a podcast by the same name, as he unpacks the essential traits of successful investors like Charlie Munger and John Templeton. Green emphasizes the balance between learning from legends and cultivating individual strategies. Discover the importance of resilience, risk management, and emotional discipline in investing. He shares inspiring stories, including Arnold Vandenberg's journey from hiding during the Holocaust to becoming a successful investor focused on personal fulfillment.
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Cloning vs. Maverick
- Learn from successful investors, studying their strategies and approaches.
- Develop your own unique perspective and be willing to diverge from the crowd.
Eccentricity of Great Investors
- Successful investors are often eccentric and obsessive, deeply immersed in their craft.
- This intensity and focus can lead to neglecting other aspects of life, like family.
Munger's Reading Habit
- Charlie Munger, known for his voracious reading, reportedly reads around 500 books a year.
- Monish Pabrai describes this as being like Munger has lived for 300 years due to his knowledge accumulation.