Greg Steinmetz discusses his book 'The Richest Man Who Ever Lived' and the lessons investors can learn from the life of Jakob Fugger. He emphasizes the importance of being indispensable and patient in investing. Steinmetz also shares insights from his career as an analyst at Sequoia Fund, highlighting the value of long-term thinking and the challenges of investing in today's market. He discusses the role of historical storytelling in his writing and the balance between providing actionable advice and entertaining readers. Steinmetz gives a preview of his upcoming book on Andrew Mellon and the ideological clash between laissez-faire and big government.
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Takeaways- Investors can learn from Jacob Fugger's life by being indispensable and patient in their investments.
- Long-term thinking and patience are key to successful investing.
- Historical storytelling can provide valuable insights for investors.
- Value investing is still relevant, but it requires careful analysis and patience.
- Understanding the market and finding opportunities in industries like retail and aerospace can lead to successful investments.
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