Classic 03: Seth Klarman's Book - Margin of Safety

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 18 January 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 12:25 - The different methods for stock investing valuations. 13:43 - The difference between investors and speculators. 21:35 - When you should hold short term and long term bonds. 40:04 - How to counteract risk in your portfolio. *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. Seth Klarman’s book, Margin of Safety – Read reviews of this book. Preston and Stig’s podcast episode on The Intelligent Investor. Preston and Stig’s interview with Investing Legend Bill Miller. New to the show? Check out our We Study Billionaires Starter Packs. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! What do you love about our podcast? 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Transcript

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0:00.0	The past two Mondays, today and the following Monday, we repopusing four or favorite episodes
0:05.9	of We Start Billionaires.
0:07.5	We cornered the episodes, classic, and it's an addition and not to replace any of our
0:12.6	recurring episodes.
0:14.4	Pressing on I and our more recently trade have been hosting our show since 2014.
0:18.7	We're grateful for getting new listeners every week.
0:21.6	And we know that many of you haven't listened to some of our classic content.
0:25.2	For this week's episode, we decided to play episode 149 that originally aired back in
0:29.6	July 2017.
0:31.8	Pressed and I are reviewing Billionaires' Climbing Book, Martin of Safety.
0:35.8	As you learn in the episode, both press and I consider this one of the best value-investing
0:39.6	books written.
0:41.0	Perhaps that is why Warren Buffett keeps a copy in his office.
0:44.9	This book is much better written than the intelligence investor and a must read for any
0:48.7	serious investor.
0:50.3	So without further delay, here is today's classic episode, South Climbing Book, Martin of Safety.
0:57.4	You're listening to TI-P.
1:00.1	Hey, how's everyone doing out there?
1:02.0	Today we're going to be covering an interesting billionaire that's been referred to as the most
1:05.9	successful and influential investor you've probably never heard of.
1:10.0	In fact, investing legend Warren Buffett evidently keeps a copy of this person's book in
1:14.9	his office at work.
	...

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