TIP398: Wisdom from the Greatest Investors w/ William Green

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 21 November 2021

⏱️ 109 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

00:53 - Which book that Charlie Munger had recently said is “one of the best ever written.”
06:46 - Whether the best investors truly live by an inner scorecard.
11:09 - Whether there is such a thing as the “right background” to become a successful investor.
24:36 - Whether concentration indeed is how to become rich and diversification is how to stay rich.
32:59 - What will happen to the culture in the value investing community when Buffett and Munger are no longer among us.
43:14 - Who is Matthew McLennan, and why is he one of the most impressive investors in the world.
57:15 - How does William Green invest?
01:12:26 - How William Green’s relationship is with Guy Spier.
01:26:18 - How can we live and invest accordingly to our values?
01:34:54 - Whether we should learn from successful investors who do not have the right values?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

William Green’s book, Richer, Wiser, Happier – read reviews of this book.
Our conversation with William Green about Richer, Wiser, Happier.
Our conversation with William Green about The Great Minds of Investing.
Visit William Green’s website.
Stig’s interview with Mohnish Pabrai about Seritage Growth Properties.
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:30.0	You're listening to the Investors Podcast.
0:36.0	Where we study the financial markets and read the books that influence self-made billionaires the most.
0:41.0	We keep you informed and prepared for the unexpected.
0:54.0	Welcome to the Investors Podcast. I'm your host, Dick Broderson.
0:57.0	I am here with a very special guest, Mr. William Green.
1:01.0	William, we had you on the show, Bag on Episode 345.
1:05.0	It just seems like the audience can get enough of learning from you and learning from how the best investors invest.
1:12.0	More importantly, how they live their lives.
1:14.0	Let's continue where we left off with the previous episode.
1:18.0	I want to talk again about reach a lot happier.
1:21.0	We also talk about other things, but it has been profound that everything has been going down in the wake of the book.
1:27.0	It has received a lot of praise from well-renowned investors.
1:31.0	There's especially one person who is very enthusiastic about it.
1:35.0	That is Mr. Charlie Munger, who I think everyone in the audience know everything about.
1:39.0	What has Charlie said about your book? I'm very curious about that.
1:43.0	Thanks for asking. Yeah.
1:45.0	Charlie actually said it was one of the best investment books ever written, and incredibly kindly said he hadn't read a book that good for a long time.
1:53.0	They kind of had a big impact on me in a way, because I think when you write a book, you feel so exposed and so vulnerable.
2:01.0	And you're sitting in your study, hold up for 205 years, quietly in this vacuum, this void.
2:09.0	And you're writing things with no idea whether it's going to resonate with anyone, whether you're misfiring totally.
2:15.0	And if you're a writer like me, I've lived by the pen for basically 30 years.
	...

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