TIP519: The Education of a Value Investor by Guy Spier

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 29 January 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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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. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Tune into the recent We Study Billionaires episode covering The Dhandho Investor by Mohnish Pabrai or watch the video. Learn how to value a company by tuning into our review of The Little Book of Valuation by Aswath Damodaran or watch the video. Related Episode: Listen to Guy Spier, The Education of a Value Investor–TIP014 or watch the video. Related Episode: Listen to Investing and Life Masterclass w/ Guy Spier–TIP414 or watch the video. Related Episode: Listen to How to Build Enduring Wealth w/ Guy Spier–RWH009 or watch the video. Guy Spier’s book: The Education of a Value Investor. William Green’s book: Richer, Wiser, Happier. Follow Clay on Twitter. 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: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax 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 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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