Talking Billions with Bogumil Baranowski

Christopher Mayer is the founder of Woodlock House Family Capital and author of several books, including 100 Baggers. Before starting Woodlock House (which went live in January 2019), Mayer worked with Bonner & Partners and the Bonner family office. He was the editor of Capital & Crisis, published by Agora Financial from 2004-2015. He was a corporate banker from 1994-2004 and graduated magna cum laude with a degree in finance from the University of Maryland. He also has an MBA from the same institution. He is the author of Invest Like A Dealmaker: Secrets of a Former Banking Insider (2008), World Right Side Up: Investing Across Six Continents (2012), 100 Baggers: Stocks that Return 100-to-1 and How to Find Them (2015) and How Do You Know? A Guide to Thinking Clearly About Wall Street, Investing and Life (2018). Dear Fellow Time-Binder: Letters on General Semantics. We focus our discussions mostly on the 100 bagger book, and I hope to have Christopher back on the show to talk about the other books. We talk about the idea of finding and investing in stocks that could go up 100 times. Chris shares the story behind the inspiration for the book. We talk about building a portfolio of 100x stocks, market timing, and so much more. I would encourage you to stay tuned until the end, when Chris sheds more light on his definition of success. To me, Chris’ book and this conversation continue to expand my imagination when it comes to what’s possible in investing in stocks. (www.woodlockhousefamilycapital.com). Author Page on Amazon https://twitter.com/chriswmayer ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Follow me on Twitter: https://twitter.com/bogumil_nyc Learn more about ⁠⁠⁠Talking Billions⁠⁠⁠ Learn more about ⁠⁠⁠Bogumil Baranowski⁠⁠⁠ Read ⁠⁠⁠Money, Life, Family⁠⁠⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Lauren C. Templeton is the founder and president of Templeton & Phillips Capital Management, LLC; a value investing boutique located in Chattanooga, Tennessee. Ms. Templeton currently serves on the Board of Directors at Fairfax Financial Holdings, the Board of Directors at Fairfax India Holdings Corporation, and the Board of Directors of Canadian Solar.   Ms. Templeton is the great-niece of Sir John M. Templeton and serves on the Board of Trustees of the John Templeton Foundation. She is also a current member the Templeton World Charities Foundation and a Trustee of Templeton Religion Trust. Ms. Templeton is the co-author of Investing the Templeton Way: The Market Beating Strategies of Value Investing’s Legendary Bargain Hunter. She received a B.A. in Economics from the University of the South.   We talk about:  1)      Lauren’s childhood and upbringing, and growing up around investing 2)      Sir John Templeton’s optimism, and the concept of maximum pessimism 3)      Sir John’s respect for thrift, and the importance of saving 4)      Making a positive difference in clients’ lives 5)      The benefits of being a student of history 6)      Sir John’s worldly views shaped by travel   We cover so many stories from Lauren's life, and her memories of Sir John, her great uncle.   Stay tuned until the end, when we talk about Berkshire Hathaway and Lauren’s recent email exchange with Warren Buffett.   Links:  Investing the Templeton Way: The Market-Beating Strategies of Value Investing's Legendary Bargain Hunter Templeton & Phillips Capital Management ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about ⁠⁠Talking Billions⁠⁠ Learn more about ⁠⁠Bogumil Baranowski⁠⁠ Read ⁠⁠Money, Life, Family⁠⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

My guest is the best-selling author Gautam Baid, CFA. He is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund.   The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.   Previously, Gautam served as Portfolio Manager at Summit Global Investments, an SEC-registered investment advisor based in Salt Lake City, USA. Before that, he served at the Mumbai, London, and Hong Kong offices of Citigroup and Deutsche Bank as Senior Analyst in their investment banking teams.   Gautam is the author of the international best-seller on value investing, The Joys of Compounding. He is a CFA charterholder and member of CFA Institute, USA; an MBA in Finance from Nirma University, India; and an MS in Finance from ICFAI University, India.   Gautam's views and opinions have been published on various forums in print, digital, and social media. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series. https://www.thejoysofcompounding.com/ www.stellarwealthindia.com   We will talk about: 1)   Gautam’s journey from India to the US, and his passion for investing 2)    The importance of reading and writing in investing success. 3)    Why value investing principles are timeless 4)    The attitude towards material wealth 5)    The nature and benefits of deferred gratification 6)    Luck, chance, serendipity, randomness and their role in our lives and investing. 7)    The notion that you can borrow someone’s investment idea, but you can’t borrow their conviction. 8)   Thoughts on investing in India.   Gautam is an avid reader, and if you are still wanting more after the interview, and the book, as I was, I highly recommend browsing through his reading list that his shares on his website and Goodreads. ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about ⁠Talking Billions⁠ Learn more about ⁠Bogumil Baranowski⁠ Read ⁠Money, Life, Family⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

My guest today is Brian Moran, he is a Co-Author with Michael Lennington of the New York Times Bestseller, The 12 Week Year.  He is the President and Founder of The 12 Week Year, has 30 years of expertise as a corporate executive, entrepreneur, consultant and coach. His background as a corporate executive combined with his experience as an entrepreneur positions him with a unique skill set to help individuals and organizations grow and prosper. Brian is a recognized expert in the field of leadership and execution. His realization that most people don't lack ideas but struggle with effective implementation led him to the development of The 12 Week YearTM. In addition to his books, Brian has been published in many of the leading business journals and magazines. He is a sought after speaker, educating and inspiring thousands each year. Brian lives in Michigan with his wife Judy and their two daughters. Please help me welcome, Brian Moran. https://12weekyear.com/ We will talk about: 1) Where the idea for a 12 week year come from. 2) How effective execution can make all the difference 3) We don’t need new ideas to double or triple our income, applying what we already know can be enough 4) Short-term goals and long term vision. 5) Ownership of your choices, and true accountability 6) Results are the confirmation of greatness, you become great long before the results 7) The importance of breakout blocks, as in rest. 8) Last, but not least, we’ll hear about Brian’s own measure of success. Here is one of my favorite quotes from the book: on the daily, weekly basis the difference between greatness and mediocrity is small, but the difference in results down the road is tremendous. ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Patricia Angus, JD, MIA, TEP, is Founder and CEO of Angus Advisory Group LLC, an Adjunct Professor, founding Managing Director of the Global Family Enterprise Program, and Faculty Director of Enterprising Families Executive Education at Columbia University’s Graduate School of Business. A recognized thought leader in the field, she has provided legal and strategic advice to global families and firms with multi-generational businesses, trusts, and philanthropy, for over three decades. She is a prolific author, with publications including the highly acclaimed The Beneficiary Primer: A Guide for Beneficiaries of Family Trusts and The Trustee Primer: A Guide for Personal Trustees. Ms. Angus has served on the board of directors of global single family offices, and has advised many others. Ms. Angus has been named one of the Top 50 Women in Wealth Management by Wealth Manager; a Rising Star by Private Asset Management; and Top 50 CEOs in Private Client, Power Women, and Top 100 North American Wealth Advisers by Citywealth. Ms. Angus received the Interdisciplinary Award from the Family Firm Institute. She received a B.A. cum laude from Amherst College, a Masters in International Affairs with a concentration in International Law and Organizations from Columbia University School of International and Public Affairs, and a J.D. from George Washington University Law School. We are talking about: 1) What are trusts, where did they come from, what purpose do they serve? 2) How trusts have changed over the years? 3) Two types of trusts: revocable and irrevocable 4) We’ll hear more about what it takes to be a good trustee and a good beneficiary? 5) Do trusts have to end? 6) How can we define a success of a trust? Please help me welcome, Patricia Angus. Resources: The Trustee Primer, The Beneficiary Primer ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Byron Tully | The Old Money Book - How To Live Better While Spending Less - Secrets of America's Upper Class  My guest today is Byron Tully, author of The Old Money Book - How To Live Better While Spending Less - Secrets of America's Upper Class. He's also written The Old Money Guide To Marriage, Old Money Style, and Old Money - New Woman. The Old Money Book alone has over 700 4-star reviews on Amazon and over 700 4-star ratings on Goodreads. The second, expanded edition of the book was published in 2020. Byron's popular blog at theoldmoneybook.com has, for the past 10 years, discussed topics of personal development and old money culture with a global community of followers. Byron is a grandson of a newspaper publisher and son of an oil industry executive, he's been an occasional guest on radio and podcasts.  We talked about:  1) Byron’s childhood and upbringing, and the inspiration for his book, The Old Money Book.  2) How pursuing Old Money values doesn’t require money, and may actually lead to accumulating money  3) Looking rich, and being rich  4) The experience of inheriting wealth or receiving any major windfall of money in life  5) We’ll discuss Old Money values in more detail.  6) We also explore the importance of appreciating the time and effort it took to acquire wealth  7) Finally, Byron shares with us his personal definition of success. We left the best for last, so stay with us until the end of the episode.  Byron is joining us from France today. ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Alex Soojung-Kim Pang | The importance of Rest & 4 Day Week My guest today is Alex Soojung-Kim Pang, he is a program director at 4 Day Week Global, a nonprofit advocating for the 4-day workweek. His trilogy of books— SHORTER: Work Better, Smarter and Less— Here’s How (Public Affairs, 2020); REST: Why You Get More Done When You Work Less (Basic Books, 2016), and THE DISTRACTION ADDICTION (Little Brown, 2013)— shows how companies and individuals can better integrate rest, creativity, and focus into digital-age lives and work. Alex has been a consultant at Institute for the Future and Strategic Business Insights, and a visiting scholar at Microsoft Research Cambridge, Oxford University, Stanford University, and UC Berkeley. Alex received a Ph.D. in history and sociology of science from the University of Pennsylvania. I read Alex’s book Rest a while ago, and then I came back to it during Covid. In a high-pressure, ever changing environment, I grew to appreciate yet again the importance of Rest. I see it as a life changing advantage in a life of an investor, or any professional. Alex’s book gave me tools, and guidance how to include rest in my life, and how to do it well. It also gave me a permission to see rest as an important part of my daily life. Today, you’ll hear about: 1) The concept of Obliquity as in reaching your goals in an indirect way. 2) Learning to rest better 3) Seeing rest not as absence of work or opposite to work, but as an equal 4) The importance of rest in life of an investor, and what benefits it can offer 5) The impact of remote work on our rest and productivity. Please help me welcome, Alex Soojung-Kim Pang RECENT PUBLICATIONS LINKS Strategy+Rest: www.strategy.rest LinkedIn: linkedin.com/in/askpang Twitter and Instagram: @askpang ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Philip Ordway | Intelligent Investing  My guest today is Philip Ordway, a fellow patient, disciplined investor. He shares his thoughts on being grounded when it comes to money, having a common sense, and benefits of productive mornings. Philip Ordway is the Managing Principal and Portfolio Manager of Anabatic Fund, L.P. Previously, Philip was a partner at Chicago Fundamental Investment Partners (CFIP). Philip earned his B.S. in Education & Social Policy and Economics from Northwestern University in 2002 and his M.B.A. from the Kellogg School of Management at Northwestern University in 2007, where he now serves as an Adjunct Lecturer in the Finance Department. He is a co-host of a great podcast The Week in Intelligent Investing. We talk about: 1) Discovering Warren Buffett, and his investment approach. 2) Being rational and intelligent with money. 3) Avoiding future regrets. 4) Changing your mind about an investment. 5) Treating clients the way you’d like to be treated. Please help me welcome, Phil Ordway. Links: Phil’s Substack, Phil’s Reading List. ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Mitko Karshovski | The Future of Work is Remote  My guest today is Mitko Karshovski, he is the host of a very successful podcast, That Remote Life, where he interviews experts in remote work, and remote life, while sharing strategies and techniques for those interested in pursuing a location independent career. He was born in Bulgaria, grew up in Ohio, he has traveled the world, and lived in many countries, and he currently spends his time between the US, Bulgaria, Thailand, and Mexico among other places. We talk about: 1) The experience of growing up in Eastern Europe, and the United States. 2) Mitko’s podcast – That Remote Life 3) Becoming a digital nomad 4) The success and the future of remote-first companies 5) Asynchronous and location independent work That Remote Life ---- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE.

Guy Spier | The Education of a Value Investor & More  My guest today is Guy Spier. Guy Spier is a Zurich-based author and investor.  He completed his MBA at the Harvard Business School, and holds a First Class degree in PPE (Politics, Philosophy and Economics) from Oxford University where he studied at Brasenose College with the British Prime minister David Cameron.  After completing his MBA, Spier started the Aquamarine Fund which is an investment vehicle inspired by the original 1950's Buffett partnerships. In 2008 Spier made news by bidding $650,000 with his friend, Mohnish Pabrai, to have a charity lunch with Warren Buffett.  His book, “The Education of a Value Investor” has sold more than 50,000 copies. Mr. Spier served as the chair and founder of the Weizmann Science and Business Club, and as a member of the Harvard Business School Alumni Board. He currently serves on the advisory boards of Value Conferences, and of Zurich Minds. He is the founder of VALUEx Zurich, and has co-founded TEDxZürich and TEDxZüriberg. From 2007 to 2009, Mr. Spier served on the Advisory Board of the Dakshana Foundation.  In 2017 Spier joined the newly formed board of the Swiss Friends of Oxford University and is on the board of the UN Watch. He is a member of Entrepreneurs' Organization and of the Young Presidents Organization. Guy lives in Zurich with his wife, and their three children.   Today, you’ll hear about:  1) Guy’s family history, and how it shaped him, and his investment philosophy.  2) The risk of losing it all.  3) Skiing and investing, it’s not the fastest skier that wins, and the one who doesn’t get injured.  4) The challenges & opportunities of managing your own family money, and other people’s money.  5) Investing is like planting vineyards: “not all vintages will be fantastic, but we will have wine to drink”  6) Creating the right physical, geographic and social environment to flourish as an investor.  7) The right and the wrong, and ethics in the investment business.  8) Success is not a number.  9) As a bonus, we talk about flying small planes, and what it taught both of us about investing.   My favorite quote shared by Guy -- “It doesn’t matter how slowly you go, as long you do not stop” – Confucius.   Other notes: Yale Professor mentioned in the episode: Nicholas Christakis, The book is called Connected, TED Talk  Learn more about Talking Billions Learn more about Bogumil Baranowski  Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth.   To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ NEVER INVESTMENT ADVICE.