TIP653: Track Record and Risk w/ Guy Spier

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 18 August 2024

⏱️ 147 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Stig Brodersen talks with Guy Spier about how he has achieved his impressive track record and whether you can adjust a track record for luck. Since 1997, Guy Spier’s fund has performed 9.3% vs. 8.7% annually for the S&P500. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:05 - What we can learn from royal families about moats in business. 26:43 - How Guy Spier’s track record would look if we adjusted to luck. 40:20 - If Guy would ever stop managing money. 49:49 - How to think about risk in your portfolio. 52:31 - Why it’s risky not to take risks. 56:40 - Why Guy wants to be truthful and honest and not present himself in the best possible light. 1:14:31 - How to think about position sizing. 1:21:53 - What is VALUEx? 1:37:23 - How Guy feels about being famous in the value investing community. 1:55:46 - How to live a life with givers, matchers, and takers. 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, Kyle, and the other community members. Stig’s interview with Guy Spier about investing and life | YouTube Video. Stig and Preston’s interview with Guy Spier on his book, The Education of a Value Investor | YouTube Video. Stig and Preston’s interview with Guy Spier about his lunch with Warren Buffett | YouTube Video. Guy Spier’s book, The Education of a Value Investor – read reviews of the book. Subscribe to Guy Spier’s Free Newsletter. Guy Spier’s podcast and website. Adam Grant’s book, Giver and Take – read reviews of this book. Learn more about ValueX in Dubai November 7-9. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 Toyota Range Rover Fundrise AT&T The Bitcoin Way USPS American Express Onramp SimpleMining Public Vacasa Shopify 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! 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.
0:03.0	It's always a great pleasure speaking with Guy Spear.
0:06.0	Gieswund, Acromarine, has been in the S&P 500 since 1997.
0:11.0	In this conversation we talked about how he's achieved his impressive track record, the role of luck and how to think about risk in your portfolio.
0:19.0	I can't think of anyone who is as well liked as Guy in the value investing community.
0:24.4	My favorite part of the conversation was not even about investing, but about how Guy is living
0:28.6	authentic life and how he's dealing with the ups and downs.
0:31.6	I hope you'll join Guy and me in a wide range discussion about investing
0:35.2	in life, from what royal families can teach us about modes and businesses to how he chooses
0:40.2	the people he surrounds himself with. And of course, everything in between.
0:44.9	So without further ado, I give to you, Guy Spear.
0:48.4	Celebrating 10 years and more than 150 million downloads.
0:56.0	You are listening to the Investors Podcast Network.
0:58.8	Since 2014, we studied the financial markets
1:02.0	and read the books that influence self-made billionaires the most.
1:05.0	We keep you informed and prepared for the unexpected.
1:08.0	Now for your host, Stick Brodison. Welcome to the investors.
1:17.0	Welcome to the investors podcast.
1:22.0	I'm your host Dick Broderson and today I'm joined by no other than Guy Spear.
1:27.0	Guy, thank you so much for making time.
1:29.0	Stig, it's a pleasure to be with you and you've prepared an amazing set of questions which made me think quite a lot so that's impressive and I approach this conversation slightly nervously because your questions come from a place of
1:44.0	curiosity and interest and desire to learn. There's nowhere for me to hide.
	...

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