Hi everyone and welcome to Invested the Rule 1 podcast. I'm Danielle Town.

As part of our Back to Basic series, my dad and I had the great pleasure of having our first guest on our podcast

and we started off with someone we were both absolutely thrilled to talk to,

Guy Spear.

Guy's a value investor, a hedge fund manager,

and author of a book called Education of a Value Investor. We sat down with Guy and we had such

a good time talking that our discussion went on longer than the time we had for just one episode.

So we split it up into three episodes,

and this is the third of the three.

Enjoy. You start off, it's okay, we can paint finals, you start off saying, I don't know a damn thing about this.

And I'm scared stiff.

Exactly. Connect to that emotion. this and I'm scared stiff.

Connect to that emotion and be aware of it and don't pretend that you do know something about it because that...

Are you saying that you as a professional investor feel scared?

Yes, absolutely.

And I feel ignorant a lot of the time.

So, then...

I mean, thank you for saying that because a lot of us feel like that and it's not okay to say it.

Yeah, that's that's insane and I say it for everyone.

Yeah, so because so that is a liberating emotion.

Because once you know, that's more than half the problem.

Okay, I don't actually know what I'm doing here.

...