We Study Billionaires - The Investor’s Podcast Network

RWH023: Defensive Investing In Dangerous Times W/ Guy Spier

63 snips
Mar 19, 2023
Guest
Guy Spier
In this engaging discussion, Guy Spier, a renowned hedge fund manager and author of 'The Education of a Value Investor,' shares insights from his successful investment journey. He addresses the systemic risks posed by geopolitical tensions like the war in Ukraine and explains how emotional equilibrium aids his investment decisions. Spier elaborates on the importance of internally funded growth and the dangers of relying on external capital, while emphasizing the psychological effects of market volatility and the need for a disciplined approach to investing.
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ANECDOTE

Move to Switzerland

  • Guy Spier found New York City too stimulating, which affected his ability to focus on investing.
  • He moved to Switzerland for its calm and predictable environment, which he finds conducive to long-term investing.
INSIGHT

Swiss Quality and Investing

  • Swiss culture values quality, durability, and longevity, which aligns with Spier's investment philosophy of finding high-quality, enduring companies.
  • He is drawn to the "set and forget" nature of Swiss businesses.
ANECDOTE

Resisting the Tech Bubble

  • During the tech bubble, Spier resisted investing in overvalued companies despite FOMO.
  • He changed his password to "new economy" to remind himself to study these new types of businesses.
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