How the Greatest Investors Win in Life and Markets

The Michael Shermer Show

Michael Shermer

Dialogue, Science, Reason, Michaelshermer, Natural Sciences, Skeptic

4.4 • 921 Ratings

🗓️ 21 December 2024

⏱️ 111 minutes

🔗️ Recording | iTunes | RSS

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Summary

William Green delves into the lives of iconic investors like Buffett, Munger, and Templeton, unraveling how their approaches extend beyond financial success. These super-investors possess unique skills such as rigorous thinking, resilience, and intuition. Through years of interviews, Green reveals how their principles can improve decision-making, manage risks, and help us thrive in uncertain environments.

William Green has written for top publications like Time, Forbes, and The Economist, and edited Time’s Asian and European editions. He coauthored several books, including Guy Spier’s The Education of a Value Investor. Born in London, he studied English at Oxford and earned a journalism master’s at Columbia. Now based in New York, he lives with his family. His latest book is Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life.

Shermer and Green discuss the financial literacy of Americans, the mechanics of wealth creation, and the psychology behind investment decisions. They cover the stock market, the importance of resilience, and the relationship between money, happiness, and luck. The conversation includes wisdom from legendary investors, the power of compound interest, and practical strategies for financial independence.

Transcript

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0:30.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
0:34.8	Shopify is specially designed to help you start, run and grow your business
0:38.9	with easy customizable themes that let you build your brand,
0:42.4	marketing tools that get your products out there.
0:44.7	Integrated shipping solutions that actually save you time.
0:47.5	From startups to scale ups, online, in person and on the go.
0:52.0	Shopify is made for entrepreneurs like you.
0:54.5	Sign up for your $1 a month trial at Shopify.com slash setup.
1:07.1	You're listening to The Michael Shermer Show.
1:25.3	Give us a little bit of background.
1:26.8	What's your story?
1:27.6	How did you get into writing about, you know, the financial markets and all that?
1:31.7	It's a very unlikely thing for me to have ended up doing.
1:34.6	Because as you said, I read English literature at Oxford, and I came out of Oxford
1:38.7	really just wanting to be a famous novelist or maybe if I couldn't hack it as a novelist,
1:43.4	I'd be a screenwriter.
1:45.3	You know, the second best, the default option.
1:48.6	Is that the ranking?
1:49.9	Oh, that's good to know.
1:51.2	Or I'd end up writing long narrative features for magazines like the New Yorker and they're
	...

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