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
Yesterday
BTC242: Bitcoin Core Vs. Knots w/ NVK (BItcoin Podcast)
Preston Pysh welcomes back NVK, renowned Bitcoin expert and founder of Coinkite, for an in-depth conversation on the future of Bitcoin, the evolving dynamics of its core development, and the promising rise of decentralized platforms like Nostr. IN THIS EPISODE YOU’LL LEARN: 00:00 ... Show More
1h 3m
Jul 6
TIP735: Compounding with Character w/ Guy Spier
In this episode, Stig Brodersen speaks with Guy Spier who has outperformed the S&P 500 since 1997, with a 9.6% vs. 8.8% CAGR. They explore why Guy invested in The Economist, and how friendships, service, and living by an inner scorecard guide his life and investment philosophy. I ... Show More
2h 11m
Jul 4
TIP734: My Investment Philosophy w/ Clay Finck
In this episode, Clay shares the key principles behind his personal investment approach. His approach has been shaped by over a decade of experience and lessons from great investors like Charlie Munger, Nick Sleep, and Chris Mayer. He explains how he builds a portfolio focused on ... Show More
1h 11m
Recommended Episodes
Aug 2024
MI364: Lessons From Michael Mauboussin w/ Shawn O'Malley
In today’s episode, Shawn O’Malley (@Shawn_OMalley_) shares his favorite insights from Michael Mauboussin’s excellent book, More Than You Know.You’ll learn how the stock market is like a complex adaptive system, the importance of having a clear investment philosophy, the psycholo ... Show More
1h 1m
Sep 2024
Peering Inside the Finance Industry w/ Josh Brown #875
Our guest today has been called one of the greatest financial writers of all time. And it’s no wonder – Josh Brown started his original blog, The Reformed Broker back in 2008 as he now continues to write over at DowntownJoshBrown.com.  And his latest book “You Weren’t Supposed to ... Show More
54m 34s
Nov 2024
MI376: Why Do Great Companies Fail? The Innovator’s Dilemma w/ Shawn O’Malley
In today’s episode, Shawn O’Malley (@shawn_OMalley_) discusses why great companies fail, as outlined by Clayton Christensen in his timeless book, The Innovator’s Dilemma, which was first published in 1997. The Economist actually named it one of the six most important business boo ... Show More
53m 4s
Jul 2024
Highlights & Insights - The Best from Guests on Right About Now First Half of 2024
Dive into the first half of 2024 with highlights and insights from an incredible lineup of guests: 🌟 Brett Berish on luxury brand success🔥 Gary Vee on digital marketing trends🧠 Jim Kwik on enhancing brain performance📈 Brian Tracy on achieving peak success🏠 Jamil Damji on rea ... Show More
11m 33s
Feb 2024
MI Rewind: Cash Uncomplicated: Wealth Building Mindset w/ Aaron Nannini
On today’s rewind episode, Robert Leonards chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building. After struggling with money in his twenties and being sick of living paycheck-to-paycheck, Aaron started e ... Show More
48m 44s
Oct 2023
A Great Depression Worse Than 2008 - Survive & Thrive During The New Economic Reset | Arthur Hayes PT 2
Welcome back to the second part of this conversation with macro-investor Arthur Hayes, looking at money-printing, rising inflation, the potential banking crisis, and the massive amount of debts at the country and consumer levels.Today’s two-part episode is an opportunity to gathe ... Show More
1h 19m
Sep 2023
MI Rewind: The Business of Podcasting w/ Hala Taha
Robert chats with Hala Taha about her journey from a school dropout to a successful full-time podcaster and entrepreneur. Hala Taha is the host of Young and Profiting Podcast, frequently ranked as a #1 Education podcast across all apps. Hala is also the CEO of YAP Media, a full-s ... Show More
53m 12s
Oct 2024
MI375: How George Soros Beat the Markets: The Alchemy of Finance w/ Shawn O’Malley
In today’s episode, Shawn O’Malley (@Shawn_OMalley_) discusses The Alchemy of Finance by George Soros. George Soros is a controversial political figure, but he is a legend on Wall Street. Many know him as the man who “broke the Bank of England” for his epic short bets against the ... Show More
53m 53s
Mar 2024
#189 Chris Davis: Three Generations of Wealth
Most families who obtain immense wealth squander it by the third generation. But Chris Davis comes from a family whose grandfather and father all became independently wealthy of each other, and Davis has done the same. How does that keep happening? In this conversation, we find o ... Show More
2h 47m
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