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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI131: Richer, Wiser, Happier w/ William Green

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Business, Investing

4.6593 Ratings

🗓️ 6 January 2022

⏱️ 83 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 02:56 - What led William to study the best investors not just to discover the investing lessons, but also to learn how to live a better life? 13:10 - What William’s biggest takeaways are in interviewing and studying Charlie Munger. 37:03 - The lessons William learned in simplifying an investment approach. 44:10 - What it takes to know if you’re ready to buy individual stocks and try to outperform the market. 53:54 - The benefits of having conservative finances and how Bill Miller has influenced how he views this subject. And much, much more! *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 Kyle and the other community members. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. William Green’s book, Richer, Wiser, Happier. William Green’s book, The Great Minds of Investing. William Green’s book, The Education of a Value Investor. Related Episode: TIP398: Wisdom From the Greatest Investors w/ William Green. Related Episode: MI084: Warren Buffett, Charlie Munger, And Berkshire Hathaway w/ Adam Mead. Get a FREE audiobook from Audible. Check out our Investing Starter Packs about business and finance. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with William: Website | LinkedIn | Twitter  Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.8

Most people thought that Amazon.com was going to go bankrupt.

0:06.1

And so Amazon had fallen from $90 a share to about $6 a share at the time, which is hard

0:12.0

to think of, $6 a share.

0:14.4

And Bill had bought 15% of the company.

0:17.6

And I saw him in an event get pillorated for this by a bunch of his peers

0:21.3

in the value investing community. We're like, this thing's going to go bankrupt. And he says,

0:25.1

look, I may be wrong. And if I'm wrong, I'm going to lose 100% of my money. And if I'm right,

0:30.8

which I think I am, I'm going to make 50 times my money.

0:37.4

Man, oh man, am I excited to bring you today's guest, William Green.

0:42.3

William is the author of Richer, Wiser, Happier, How the World's Greatest Investors Win

0:46.9

in Markets in Life.

0:48.5

Over the last quarter of a century, he has interviewed many of the world's best investors

0:52.6

exploring in-depth the question of what qualities

0:55.6

and insights enable them to achieve enduring success. He's written extensively about investing for many

1:01.8

leading publications such as time, fortune, Forbes, Barons, The Economists, and many others. During the

1:09.0

episode, I chat with William about how the greatest

1:11.7

investors taught him how to live a better life, the lessons William learned in simplifying

1:16.7

one's investment approach. What it takes to know if you're ready to buy individual stocks and

1:21.9

try to outperform the market. Why investing in mundanity is often a very profitable strategy, William's biggest takeaways

1:29.4

in interviewing and studying Charlie Munger, and much, much more. My favorite parts of the

1:35.0

episode were the fantastic stories about Sir John Templeton investing in bankrupt companies

...

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