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Jul 2022
1h 48m

RWH009: How to Build Enduring Wealth w/ ...

The Investor's Podcast Network
About this episode

IN THIS EPISODE, YOU'LL LEARN:

  • 00:03:02 - How Guy Spier’s ancestors lost their family fortune and became refugees in the 1930s.
  • 00:11:41 - How Guy was shaped by this story and embarked on a quest to restore their lost fortune.
  • 00:24:20 - Why investors need to recognize that nothing is stable and everything changes.
  • 00:28:12 - Why Guy settled in Switzerland and why he worries about the future of the U.S.
  • 00:35:34 - Why he doesn’t like Bitcoin or gold, preferring to own “productive assets.”
  • 00:45:11 - Why it’s critical to invest in a way that’s true to your own nature.
  • 00:51:00 - Why so many highly intelligent and talented fund managers end up failing.
  • 00:59:45 - How the crash of overvalued growth stocks proves again that “price really does matter.”
  • 01:03:17 - Why Nick Sleep’s concept of “destination analysis” is such a valuable filter for investors. 
  • 01:14:08 - How to prosper by owning great businesses that occupy the “economic high ground.” 
  • 01:27:00 - Why it’s so important to size your bets correctly and not get too carried away.
  • 01:36:31 - How Guy clones people like Warren Buffett and Mike Ovitz, yet tries to be true to himself.
  • 01:44:34 - How Buffett taught him that every person is an equal soul and should carry equal weight.
  • 01:48:38 - What Buffett figured out about the benefits of becoming more lovable and kinder.


*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.


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