RWH009: How to Build Enduring Wealth w/ Guy Spier (Part 1)

We Study Billionaires - The Investor’s Podcast Network

IN THIS EPISODE, YOU'LL LEARN:

• 00:03:02 - How Guy Spier’s ancestors lost their family fortune and became refugees in the 1930s.
• 00:11:41 - How Guy was shaped by this story and embarked on a quest to restore their lost fortune.
• 00:24:20 - Why investors need to recognize that nothing is stable and everything changes.
• 00:28:12 - Why Guy settled in Switzerland and why he worries about the future of the U.S.
• 00:35:34 - Why he doesn’t like Bitcoin or gold, preferring to own “productive assets.”
• 00:45:11 - Why it’s critical to invest in a way that’s true to your own nature.
• 00:51:00 - Why so many highly intelligent and talented fund managers end up failing.
• 00:59:45 - How the crash of overvalued growth stocks proves again that “price really does matter.”
• 01:03:17 - Why Nick Sleep’s concept of “destination analysis” is such a valuable filter for investors.
• 01:14:08 - How to prosper by owning great businesses that occupy the “economic high ground.”
• 01:27:00 - Why it’s so important to size your bets correctly and not get too carried away.
• 01:36:31 - How Guy clones people like Warren Buffett and Mike Ovitz, yet tries to be true to himself.
• 01:44:34 - How Buffett taught him that every person is an equal soul and should carry equal weight.
• 01:48:38 - What Buffett figured out about the benefits of becoming more lovable and kinder.

*Disclaimer: Slight timestamp discrepancies 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.
• Related Episode: Part 2 of William Green's interview with Guy Spier - High-Performance Habits - RWH010.
• Stig and Preston interview Guy Spier about his book, “The Education of a Value Investor.”
• Stig and Preston interview Guy Spier about his $650,100 lunch with Warren Buffett.
• Guy Spier’s book, “The Education of a Value Investor" – Read reviews of the book.
• Subscribe to Guy Spier’s Free Newsletter.
• Guy Spier’s podcast and website.
• Guy Spier interviews William Green about his book, “Richer, Wiser, Happier.”
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.
• Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Check out our favorite Apps and Services.

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