Dec. 22, 2021

Investing: The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier

Investing: The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier

The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment By Guy Spier What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder. Spier's journey is similar to the thousands that flock to Wall Street every year with their shiny new diplomas, aiming to be King of Wall Street. Yet what Guy realized just in the nick of time was that the King really lived 1,500 miles away in Omaha, Nebraska. Spier determinedly set out to create a new career in his own way. Along the way he learned some powerful lessons which include: why the right mentors and partners are critical to long term success on Wall Street; why a topnotch education can sometimes get in the way of your success; that real learning doesn't begin until you are on your own; and how the best lessons from Warren Buffett have less to do with investing and more to do with being true to yourself. Spier also reveals some of his own winning investment strategies, detailing deals that were winners but also what he learned from deals that went south. Part memoir, part Wall Street advice, and part how-to, Guy Spier takes readers on a ride through Wall Street but more importantly provides those that want to take a different path with the insight, guidance, and inspiration they need to carve out their own definition of success. Takeaways Patience and continuous learning can make you a successful investor. You need an efficient working environment in order to become a successful value investor. The things and people you surround yourself with are going to influence you more. Adversity is the best teacher of all. Every mistake should be treated as an opportunity to learn and improve. Not just from your own mistakes but learn from the mistakes of others too. The book is filled with lots of other amazing advice. Go pick up a copy (https://www.amazon.co.uk/Education-Value-Investor-Guy-Spier/dp/1137278811). About the author Guy Spier is a Zurich-based investor. Spier is the manager of the Aquamarine Fund, with $350 million in assets. He is well known for bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett in 2008. Host rating for 'The Education of a Value Investor' Nico Rating: 8/10 Sam Rating: 8.5/10 Subscribe! If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! You can also listen and join us on ReasonFM (https://reason.fm/podcast/wiser-than-yesterday) or just ask questions.

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