TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen

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

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 March 2023

⏱️ 131 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” They discuss what has made them Richer, Wiser, or Happier in the past quarter. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:31 - How to think about investing with an asset manager that yields a lower return and has good values, or an asset manager with a higher return and bad values. 27:35 - The role of money vs. happiness for billionaires. 48:55 - What Stig and William learned from Ray Dalio. 54:51 - Why pain + reflection = progress. 1:25:16 - What Stig and William learned from Charlie Munger. 1:44:22 - Why William bought Alibaba and Seritage Growth Properties. 1:53:09 - Which investing books made it to the top 5 for Stig and William for Q1 2023, and why. 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. Listen to Stig Brodersen and William Green’s episode on Money and Happiness or watch the video. Listen to William Green’s interview with Ray Dalio or watch the video. Tune in to William Green’s interview with Fred Martin about being a disciplined growth investor or watch the video. William Green’s book Richer, Wiser, Happier – read reviews of this book. Fred Martin’s book, Benjamin Graham and the Power of Growth Stocks – read reviews of this book. Bruce Greenwald’s book, Competition Demystified – read reviews of this book. Joel Tillinghast’s book, Big Money Thinks Small – read reviews of this book. Ray Dalio’s book, Your Guided Journal – read reviews of this book. Aswath Damodaran’s book, The Little Book of Valuation – read reviews of this book. Gautam Baid’s book, The Joys of Compounding – read reviews of this book. Q&A with Charlie Munger from the DIJO meeting. Watch the trailer for Free Solo. 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 HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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 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 TIP.
0:30.0	You're listening to the Investors Podcast.
0:33.0	Where we study the financial markets and read the books that influence self-made billionaires the most.
0:38.0	We keep you informed and prepared for the unexpected.
0:50.0	Welcome to the Investors Podcast. I'm your host, Dick Broderson, and I'm joined by my co-host, William Green today.
0:56.0	William, how are you?
0:58.0	I'm very well. I'm delighted to see you. I sound a bit Rossby because it's earlier in America.
1:04.0	I'm just on my third cup of coffee, so I'm still waking up.
1:08.0	All right. So, as I was saying there in the introduction, so William and I will be hosting a new quarterly series.
1:15.0	And we're calling it Richer Wieser Happier, which is a tribute to William's book.
1:19.0	But it's also just because it's just a fantastic title.
1:22.0	So, the idea is that we are going to talk about every quarter.
1:25.0	Well, let's see how the first one goes. But every quarter, we're going to talk about what have we experienced all the past?
1:32.0	Well, quarter that has made us either Richer Wieser or Happier.
1:36.0	So, let's sort of like the premise of this format that might be a bit more informal than what the US listener is usually tuning into.
1:44.0	We will be playing different audio clips with guests from William's wonderful podcast.
1:49.0	Richer Wieser Happier that you can also find in this feed.
1:52.0	For example, late in this episode, we'll play clip from William's episode with the Redalue.
1:56.0	But we won't constrain ourselves only to play an audio clip for our own podcast.
2:01.0	We also going to play a clip, for example, from Charlie Munger and the Q&A he did with the data journal meeting here we had recently.
2:09.0	So, we have five segments. The first one, values or money.
2:14.0	We're going to go right into that here in 30 seconds or whatnot.
	...

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