RWH059: Ask Me Anything w/ William Green

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 20 July 2025

⏱️ 122 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this unusually personal and candid episode, William Green answers a wide range of probing questions posed by listeners to his podcast and readers of his book, “Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets & Life.” Here, William discusses the key qualities, principles, and practices he’s observed in the best investors; how they handle adversity; what he’s learned from his own setbacks, failures, and mistakes; and how he’d invest if he were starting over. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:19 - What were the three best decisions William Green ever made? 17:04 - What Charlie Munger and Bill Miller can teach us about handling adversity. 23:40 - Why he views indomitable perseverance as the key to success. 34:52 - What drives investing stars like Bill Ackman, Will Danoff, and Mario Gabelli. 48:19 - Why the best investors focus on reducing complexity. 01:03:58 - How to succeed while constructing a calmer, more spacious life. 01:12:50 - How William approaches the art of interviewing. 01:38:22 - What he learned when his career (and profession) went up in smoke. 01:48:39 - What his worst investment mistakes taught him about building wealth. 01:53:28 - How investors can prosper mightily by getting the big things right. 01:55:23 - How he’d invest if he were starting over again. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠here⁠⁠⁠. Join the exclusive ⁠⁠⁠TIP Mastermind Community⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. William Green’s podcast interview with Annie Duke. William Green’s podcast interview with Samantha McLemore. William Green’s podcast interview with Tsoknyi Rinpoche & Daniel Goleman. William Green’s podcast interview with Bill Nygren. William Green’s podcast interview with Brad Stulberg. Guy Spier's The Education of a Value Investor. Marcus Aurelius' Meditations. Jim Stockdale's Thoughts of a Philosophical Fighter Pilot. Daniel Goleman & Richard Davison's Altered Traits. Daniel Goleman & Tsoknyi Rinpoche's Why We Meditate⁠. William Green’s ⁠TEDx Talk⁠. William Green’s book, “Richer, Wiser, Happier” – ⁠read the reviews of this book⁠. Follow William Green on ⁠⁠⁠X⁠⁠⁠. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠here⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠Premium Feed⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠. Check out our ⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠X (Twitter)⁠⁠⁠ | ⁠⁠⁠LinkedIn⁠⁠⁠ | ⁠⁠⁠Instagram⁠⁠⁠ | ⁠⁠⁠Facebook⁠⁠⁠ | ⁠⁠⁠TikTok⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠here⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠TIP Finance Tool⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠favorite Apps and Services⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠best business podcasts⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠:⁠⁠⁠⁠⁠⁠⁠ SimpleMining⁠⁠ ⁠⁠Hardblock⁠⁠ ⁠⁠AnchorWatch⁠⁠ ⁠⁠Onramp⁠⁠ ⁠⁠Human Rights Foundation⁠⁠ ⁠⁠Unchained⁠⁠ ⁠⁠Intuit⁠⁠ ⁠⁠Vanta⁠⁠ ⁠⁠reMarkable⁠⁠ ⁠⁠Shopify HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠rating and review⁠⁠⁠ on ⁠⁠⁠Spotify⁠⁠⁠! 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 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.
0:06.4	You're listening to the richer, wiser, happier podcast,
0:10.3	where your host, William Green interviews the world's greatest investors
0:14.1	and explores how to win in markets and life.
0:26.6	Thank you. life. All right, folks, I'm thrilled to be back with you on the richer,
0:30.1	Wiser, happier podcast.
0:31.7	I'm joining you on a beautiful summer day here in New York.
0:35.2	And my plan today is to bring you something a little different.
0:38.6	For the first time ever, I'm recording a special Ask Me Anything episode. So instead of interviewing a guest,
0:45.5	I'm going to answer an array of questions that have been submitted to me by listeners from around the
0:50.7	world. Over the last couple of weeks, I received dozens of questions over
0:54.8	LinkedIn and X and through email. I also got a slew of terrific questions that were sent by
1:01.6	subscribers to the Intrinsic Value newsletter, which is part of the Investors Podcast Network Empire.
1:07.5	So thanks a lot to Sean and Daniel, who host the Intrinsic Value podcast for very
1:12.3	kindly gathering those questions from their followers. In any case, I'm going to do my best to
1:17.1	answer a good number of questions, but I got so many that I'm almost certainly going to save
1:22.7	some of them for a future episode of the podcast. And of course, in my dream version of this episode,
1:29.3	I was going to prepare a lot and figure out what I would say first.
1:32.3	But of course, I've did it in a maelstrom of activity the last few weeks.
1:36.3	And so I'm going to really just answer questions and see what comes out,
1:40.3	and hopefully something in here will be useful for you, or at least it'll be honest.
1:46.1	In any case, the first question is from someone called Thomas St. Clair from Fairbanks, Alaska.
	...

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