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Motley Fool Money

What Great Investors Do

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 8 February 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

The principles of investing are fairly simple to understand. Application requires some intensity. William Green is the author Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life. Green also hosts a podcast with the same title. Robert Brokamp caught up with him for a conversation about: - What successful investing comes down to. - The personality traits of market beaters. - Investing lessons from Charlie Munger, Howard Marks, and John Templeton. Companies mentioned: BRK.A, BRK.B, MKL Host: Robert Brokamp Guest: William Green Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The lesson in some ways that I drew from Howard that's been life-changing for me is you can't

0:07.9

predict the future, but what you can do is accommodate yourself to reality as it is.

0:16.9

I'm Ricky Mulvey and that's William Green. He's the author of Richer, Wiser, Happier.

0:21.3

He also hosts a podcast with the same title. My colleague Robert Brokamp caught up with Green

0:26.3

for a conversation about the book and the lessons that investors can take from the greats.

0:30.8

They discuss why market beaters are often a little odd, how Charlie Munger thought about risk

0:36.1

and some life and financial lessons from investors

0:38.7

you've heard of and a few you'll learn about on today's show.

0:44.3

So William, you've interviewed countless investors over your career through your writing,

0:49.0

your own podcast. And you could have made this book just about cold hard facts about investing, investing

0:55.4

principles. But it's not just that, right? You do many sort of mini biographies of famous

1:01.9

investors and not quite such famous investors. You explore their life stories, their work

1:07.5

habits, psychology, in some cases, spirituality. What led you to choose that

1:12.3

path for this book? I think part of it is just that I'm so full of existential angst that I'm

1:19.1

always trying to figure out how are we supposed to live? And so part of that obviously is

1:24.9

figuring out what role money plays in our life. You know, how can I create a life where I'm free to do what I love to do?

1:32.5

How can I have financial independence and financial security?

1:37.0

But I think all of us sense that that's not enough.

1:41.0

And so I'm always looking at these questions and thinking, yeah, but so, so then

1:45.0

what actually will constitute a rich life? What will constitute an abundant life? Is it possible

1:50.8

to live in a way that's truly aligned with who you are and yet also be part of the group? Is it

1:57.9

possible to live with integrity and honor and truthfulness? Or is that

...

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