logo
episode-header-image
Dec 2024
1h 28m

RWH052: Wise Guys w/ Ray Dalio, Bill Mil...

The Investor's Podcast Network
About this episode

In today’s special episode, William Green looks back at some of the most powerful lessons from the first 50 episodes of the podcast. He highlights four of his favorite interviews: with multibillionaire Ray Dalio, Berkshire Hathaway board member Chris Davis, investing legend Bill Miller, & author Michael Berg. Here, Dalio discusses how to overcome our weaknesses; Miller reveals the insights that made him a vast fortune on Bitcoin; Davis shares what he’s learned from Buffett & Munger; & Berg explains how to increase your enjoyment of money. 


IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

06:37 - Why Ray Dalio believes success hinges on deep self-knowledge.

09:11 - How he’s dealt with his own weaknesses.

10:44 - What Elon Musk, Bill Gates, Reed Hastings & Ray Dalio have in common.

13:46 - How Ray’s most painful mistake changed his views on investing & life.

29:07 - What Chris learned from his mentors, Warren Buffett & Charlie Munger.

30:13 - Why it helps Chris Davis to view his life in three distinct 10,000-day blocks.

44:47 - What Bill Miller saw in Bitcoin that led him to make a vast fortune.

49:32 - Why Bill sees Bitcoin as insurance against financial catastrophe.

1:04:06 - What biases, beliefs & blind spots led Buffett & Munger to dismiss Bitcoin.

1:06:35 - How to enhance your enjoyment of money. 


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


BOOKS AND RESOURCES


NEW TO THE SHOW?


SPONSORS

Support our free podcast by supporting our sponsors:


HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! 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

Up next
Today
TIP759: The Art of Spending Money w/ Morgan Housel
On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, The Art of Spending Money — Simple Choices for a Richer Life. Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ev ... Show More
1h 8m
Oct 8
TECH004: Sam Altman & the Rise of OpenAI w/ Seb Bunney
Seb and Preston analyze the book "Empire of AI," reflecting on Sam Altman’s rise and OpenAI’s transformation from a nonprofit into a powerhouse AI firm. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 00:04 - Why Sam Altman’s early ventures shaped his leadership style 00:09 - How sto ... Show More
1h 5m
Oct 5
RWH061: How To Thrive No Matter What w/ Arnold Van Den Berg
In this episode, William Green chats with Arnold Van Den Berg, a revered investor whom he spotlighted in his book, Richer, Wiser, Happier. Against all odds, Arnold has run a highly successful investment firm for 50 years. Here, he discusses what he’s learned about how to succeed ... Show More
2h 20m
Recommended Episodes
Sep 24
#828: David Senra — How Extreme Winners Think and Win: Lessons from 400+ of History’s Greatest Founders and Investors (Including Buffett, Munger, Rockefeller, Jobs, Ovitz, Zell, and Names You Don’t Know But Should)
David Senra is the host of the Founders podcast. For the past nine years, David has intensely studied the life and work of hundreds of history’s greatest entrepreneurs. His new podcast, David Senra, showcases conversations with the best-of-the-best living founders and extreme win ... Show More
2h 55m
Aug 2024
#765: Chris Sacca and Scott Glenn
This episode is a two-for-one, and that’s because the podcast recently hit its 10-year anniversary and passed one billion downloads. To celebrate, I’ve curated some of the best of the best—some of my favorites—from more than 700 episodes over the last decade. I could not be more ... Show More
2h 38m
Apr 2025
Barry Ritholtz: Cutting Through Financial Noise - [Making Markets, EP.58]
My guest today is Barry Ritholtz. As the founder & CIO of Ritholtz Wealth Management Barry manages assets of over $5B. He is also a famous author and commentator, fondly known as the 'Prickly Prophet of Wall Street' for his contrarian views. In this conversation, Barry shares the ... Show More
1h 10m
Jan 2024
MI Rewind: Naval w/ Eric Jorgenson
On today’s Millennial Investing Rewind Episode, Robert Leonard chats with Eric Jorgenson about who Naval Ravikant is, why he wanted to write a book about him as a guide to wealth and happiness, how his strategy of not making any money out of the book came about and why he chose t ... Show More
49m 52s
Feb 2025
Ray Dalio on AI, Job Loss & the Future of the Economy | #EP 148
In this episode, Ray and Peter discuss the changing world order, China vs. the USA, and Ray’s thoughts on the future of the US. Recorded on Feb 3rd, 2025Views are my own thoughts; not Financial, Medical, or Legal Advice. Ray Dalio is a renowned investor, hedge fund manager, and p ... Show More
1h 46m
Sep 2024
#766: The Random Show — Lessons from Tim’s Sabbatical, Alzheimer's Breakthroughs, Kevin Tries a Medium, Fitness Tools and Protocols, Book Recommendations, and More
This time, we have a very special episode I recorded with my close friend Kevin Rose in person at his house. We trade our latest discoveries, and I think it’s one of our best. Tons of actionable takeaways and laughing fits. We cover dozens of topics: new projects, what I’ve done ... Show More
2h 4m
Sep 2024
#363 Li Lu and Charlie Munger and Warren Buffett
I sent a friend this text: I'm working on another Li Lu episode but this one is about his remarkable investing career. Can be summarized by: 1. Studied Buffett and Munger. 2. Did that. Last episode was about how Li Lu survived one of the most horrific childhoods imaginable. This ... Show More
1h 24m
Apr 2025
EMERGENCY PODCAST: USA vs China Trade War w/ Richard Werner | PBD Podcast | Ep. 574
Patrick Bet-David sits down for an emergency podcast with economist and "Father of Quantitative Easing" Richard Werner for a deep-dive conversation into the future of global finance. They discuss the rise of de-dollarization, central bank digital currencies (CBDCs), the real stor ... Show More
1h 8m
Dec 2024
219. Robert Hagstrom | The Warren Buffet Way
The World’s #1 Personal Development Book Podcast!  In today’s episode we have the pleasure to interview Robert Hagstrom Author of “The Warren Buffett Way” Robert is a renowned investment strategist, portfolio manager, and best-selling author. With over 26 years of experience, he ... Show More
41m 4s
Aug 15
HIGHLIGHTS: Brian Moynihan - CEO of Bank of America
We've curated a special 10-minute version of the podcast for those in a hurry. Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/bank-of-america-ceo-economic-insights-regulation/id1614211565?i=1000721746844&l=nbWhat does it take to steer one of the wo ... Show More
10m 25s