TIP170: A Bet with Warren Buffett - Guest Ted Seides (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 24 December 2017

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we talk to Ted Seides. Ted is a graduate of Yale and Harvard university and he comes with multiple decades of experience in finance. For people not familiar with Ted, most might recognize him has the gentlemen that took the opposite side of Warren Buffett’s bet with the hedge fund industry. We talk to Ted about this friendly wager, how it came about, what the results were, and what he thinks about the chances of beating the S&P 500 moving forward. Something else that’s interesting about Ted is that he has extensive experience working for the famous investor, David Swensen. Swensen has been the chief investment officer for Yale’s endowment for decades and his average return for the past 20 years is 25% annually. At the end of the interview we talk to Ted about Swensen’s greatest strengths. We also ask Ted to compare David Swenson and Warren Buffett (who Ted has become friends with through the years). IN THIS EPISODE, YOU’LL LEARN: Why anyone would make an investment bet against Warren Buffett. Why Warren Buffett wanted to trade stock tips for a football playbook . The untold drawbacks of investing in index funds. The simple secrets to legendary investor David Swensen’s outperformance. Ask the investors: What is the best approach to teach your kids finance? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Education for kids, Warren Buffett’s Secrets Millionaires club. Read more about the Berkshire Hathaway Annual Shareholder’s meeting with Preston and Stig. Ted’s Book: So You Want to Start a Hedge Fund. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. 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. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

Transcript

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0:00.0	You're listening to TIP.
0:02.0	So today's interview is a fun one because we're talking with our friend Ted Sides.
0:07.0	Ted is a graduate of Yale and Harvard University and he comes with multiple decades of experience in finance.
0:13.2	For people not familiar with Ted, most might recognize him as the gentleman that took the opposite
0:18.1	side of Warren Buffett's bet with the hedge fund industry.
0:21.7	In today's episode, we talked to Ted about his friendly wager with Warren and how it came about,
0:27.3	what the results were, and what he thinks about the chances of beating the S&P 500 moving forward.
0:32.4	Something else that's interesting about Ted is that he has extensive experience working for one of
0:36.7	the most famous investors, David Swinson.
0:40.0	Swinson has been the chief investment officer for Yale's endowment for decades and has an average
0:44.4	return over the past 20 years of 25% annually.
0:48.4	At the end of this interview, we talked to Ted about working for Swinton and what his greatest strengths were.
0:53.4	We also asked Ted to compare David Swinson to Warren Buffett, who Ted has also become
0:57.9	friends with through the past few years.
1:00.1	So without further delay, let's hop to it. You are listening to The Investors Podcast,
1:08.0	where we study the financial markets and read the books that influence self-made billionaires the most.
1:14.0	We keep you informed and prepared for the unexpected. All right, everyone, welcome to the show and we are super pumped to have Ted Zides here with us today.
1:32.0	And Ted, thanks so much for taking time out of your busy day to join us
1:35.3	So Stig's got the very first question for you Ted and he's gonna kick it off
1:39.6	So it probably doesn't seem to be obvious to most investors that you would bet against
1:45.7	Warren Buffett in the game of investing.
1:48.6	But of course there's a lot more to it than that.
	...

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