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We Study Billionaires - The Investor’s Podcast Network

TIP519: The Education of a Value Investor by Guy Spier

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 29 January 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Clay reviews Guy Spier’s book, The Education of a Value Investor. Guy Spier is a renowned hedge fund manager who has beaten the S&P 500 by almost 250 percentage points since launching the Aquamarine Fund in 1997. He has also been a guest on We Study Billionaires several times, including episode #14 released all the way back in 2014.


IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:27 - Guy’s story and background, and the critical mistakes he learned from the journey.

06:39 - How studying Tony Robbins and Warren Buffett changed his life.

19:48 - How writing handwritten letters helped Guy forge and develop extremely valuable and fulfilling relationships.

23:20 - What led Guy to purchase a charity lunch with Warren Buffett.

43:54 - What he learned from experiencing the great financial crisis as a fund manager.

51:45 - Why Guy values fulfillment and a life well-lived over money.


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TI-P.

0:03.0

Welcome to the Investors Podcast.

0:05.0

I'm your host, Clay Fink.

0:06.5

On today's episode, I'm going to be sharing the insights I learned from reading Guy Spears

0:11.3

book, The Education of a Value Investor.

0:15.0

TI-P's very own William Green, who is the host of our Richard Weiser Happier show, actually

0:20.3

helped Guy with writing the book, so it's no surprise that I learned an incredible amount

0:25.3

from reading it given that Guy and William put so much emphasis on quality.

0:30.6

What I really liked about this book is that it talks a lot about how to live a good life,

0:34.7

rather than simply how to invest wisely.

0:37.6

After a certain point, money really doesn't matter as much, so I really enjoy learning

0:41.5

from others on the inputs needed to live a happy and fulfilling life.

0:46.4

Outside of aspiring for fulfillment and enlightenment, Guy is also a spectacular investor, as he is

0:53.0

a renowned hedge fund manager who has beaten the S&P 500 by almost 250 percentage points

0:59.8

since launching the Aqua Marine Fund in 1997.

1:03.6

Guy has been super generous with this time, as he's been a guest on the Investors Podcast

1:08.5

on a number of occasions.

1:10.2

And incredibly, he was one of the very first guests on the show back in 2014 on our 14th

1:15.6

episode.

1:16.6

I'd personally consider Guy's book a must read, and I know I'll be referring back to

1:21.1

it often.

1:22.5

In this episode, you'll learn about Guy's story and some of the critical mistakes he made

...

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