How the Greatest Investors Win in Markets and Life | Richer, Wiser, Happier w/ William Green (MI131)

Clay Finck chats with William Green about how the greatest investors taught him how to live a better life, the lessons William learned in simplifying an investment approach, what it takes to know if you’re ready to buy individual stocks and try to outperform the market, why investing in the mundane is often a very good investing approach, Bill Miller’s incredible story during the financial crisis, and much, much more!
William Green is the author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life. Over the last quarter of a century, he has interviewed many of the world’s best investors, exploring in depth the question of what qualities and insights enable them to achieve enduring success. He’s written extensively about investing for many leading publications such as Time, Fortune, Forbes, Barron’s, The Economist, and many others. William also wrote and edited The Great Minds of Investing, which features short profiles of 33 renowned investors, along with stunning portraits created by Michael O’Brien, one of America’s preeminent photographers.
IN THIS EPISODE, YOU’LL LEARN:
0:00:00 - Intro
0:00:36 - Lessons from studying the best investors
0:12:15 - Takeaways from interviewing and studying Charlie Munger
0:25:45 - How humility played in the lives of the best investors in the world
0:34:20 - Lessons William learned in simplifying an investment approach
0:42:55 - What it takes to buy individual stocks and try to outperform the market
0:50:50 - Conservative finances and how Bill Miller's influence on this
1:03:56 - Why investing in mundane things is a good investing approach
1:07:07 - One simple idea to implement into your own life
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📖 BOOKS MENTIONED:
- Richer, Wiser, Happier by William Green: amzn.to/3FVpYgK
- The Great Minds of Investing by William Green: amzn.to/348h3KX
- The Education of a Value Investor by William Green: amzn.to/3EMbzCk
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▶️ RELATED EPISODES:
- Wisdom From the Greatest Investors w/ William Green (TIP398): www.theinvestorspodcast.com/e...
- Warren Buffett, Charlie Munger, And Berkshire Hathaway w/ Adam Mead (MI084): www.theinvestorspodcast.com/m...
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- Check out our Investing Starter Packs about business and finance: www.theinvestorspodcast.com/m...
- William’s website: www.williamgreenwrites.com/
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Пікірлер: 44

  • @TheInvestorsPodcastNetwork
    @TheInvestorsPodcastNetwork2 жыл бұрын

    On Millennial Investing, I chat with William Green about how the greatest investors taught him how to live a better life, the lessons he learned in simplifying an investment approach, what it takes to know if you’re ready to buy individual stocks and try to outperform the market, why investing in the mundane is often a very good investing approach, Bill Miller’s incredible story during the financial crisis, and more! What are your thoughts about this episode?💭 - Clay IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!

  • @tuankhoao7267

    @tuankhoao7267

    11 ай бұрын

    Pp

  • @chloe98145
    @chloe981452 жыл бұрын

    I could listen to this gentleman all day. Thank you for the interview.

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    2 жыл бұрын

    Our pleasure!

  • @CRUISEGRAFFITI
    @CRUISEGRAFFITI2 жыл бұрын

    Love the idea of compounding not only money but good habits, that is a concept that is going to stick with me for a long time.

  • @kevinn6482
    @kevinn6482 Жыл бұрын

    This video has been recommended to me for awhile and I had it in my playlist for some time. I finally got around to listen to it and found extremely interesting and helpful.

  • @tritruong6111
    @tritruong61119 ай бұрын

    This is a gem video! Thank you!

  • @jackturner1446
    @jackturner14462 жыл бұрын

    Truly worth every second of listening! Informative interview! Thanks

  • @clayfinck431

    @clayfinck431

    2 жыл бұрын

    Thank you for listening Jack! William did such a good job!

  • @AuditorInvestor
    @AuditorInvestor2 жыл бұрын

    Thanks for sharing William. And particularly for the story of your Uncle in 1973-74. Shall keep in mind.

  • @RicherWiserHappier

    @RicherWiserHappier

    2 жыл бұрын

    Thanks a lot, John!

  • @chanduprajan5436
    @chanduprajan5436 Жыл бұрын

    Fantastic interview. So insightful and informative.

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    Жыл бұрын

    Glad you enjoyed it! Thank you for your support 🙌

  • @cv0669
    @cv06692 жыл бұрын

    great stuff - currently listening to Richer Wiser Happier and loving it...Monish is so far my favorite

  • @clayfinck431

    @clayfinck431

    2 жыл бұрын

    Thanks for listening Chris!

  • @murugesann8971
    @murugesann89712 жыл бұрын

    Thanks for wonderful William Green's views. Love to hear 2 more times.

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    2 жыл бұрын

    Thanks for the support!

  • @MrYufu221
    @MrYufu2212 жыл бұрын

    Great Podcast and the book. Excellent!

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    2 жыл бұрын

    Glad you enjoyed it!

  • @thelinchpinbunch
    @thelinchpinbunch Жыл бұрын

    Great interview.

  • @A_Changed_Heart_Ministries
    @A_Changed_Heart_Ministries2 жыл бұрын

    Awesome interview, thanks 🙏🏼

  • @clayfinck431

    @clayfinck431

    2 жыл бұрын

    I appreciate your support!

  • @MetalBum
    @MetalBum2 жыл бұрын

    Incredible valuable advice. This is priceless thanks william

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    2 жыл бұрын

    Glad it was helpful!

  • @RicherWiserHappier

    @RicherWiserHappier

    2 жыл бұрын

    Thanks so much! So glad you enjoyed our conversation.

  • @GerUnbanx
    @GerUnbanx2 жыл бұрын

    Amazing episode, always invert! 😀

  • @matejsvec4451
    @matejsvec44512 жыл бұрын

    12:40 This made laugh :D Good concept though. Love it! Really good interview.

  • @clayfinck431

    @clayfinck431

    2 жыл бұрын

    William is brilliant!

  • @matejsvec4451

    @matejsvec4451

    2 жыл бұрын

    @@clayfinck431 Agreed. Also the point about humility and moderation of exposure to different asset classes or sectors within the asset class. It is so easy to get overly greedy in this enviroment. I am spending a good part of the start of the year revisiting my core principals in my portoflio construction to protect myself from the downside. Thanks guys for all the value, always gives me a lot to think about and sometimes action on.

  • @cryptogold8753
    @cryptogold8753 Жыл бұрын

    Such a good conversation 🙏

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    Жыл бұрын

    Thank you so much!

  • @kirstinstrand6292
    @kirstinstrand62922 жыл бұрын

    Loved it!

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    2 жыл бұрын

    Glad to hear that, Kirstin!

  • @retvrn777
    @retvrn7772 жыл бұрын

    When u are highly confident you cant be afraid to take a large position, idk if that was buffet or not but this the most important advice for getting maasively wealthy, ur not gonna get rich making 10% a year and certainly not through "diversity"

  • @brett4756
    @brett47565 ай бұрын

    Very interesting and useful! :)

  • @TheInvestorsPodcastNetwork

    @TheInvestorsPodcastNetwork

    4 ай бұрын

    Glad it was helpful!

  • @jamesmourad7490
    @jamesmourad74902 жыл бұрын

    "Be less stupid." - Charlie Munger "In the last ten years Bitcoin is the best asset class in the world." - Bill Miller "Bitcoin is rat poison." - Charlie Munger (not being smarter)

  • @christopherstewart9874
    @christopherstewart987411 ай бұрын

    Regarding Bill Miller in 2008, was he actually wrong? Did the stocks he held come back or did he dump them and "come back" with different stocks? If he held and the stocks came back, he wasn't wrong. Warren Buffett has said that Berkshire Hathaway stock fell by more than 50% three times, yet no one says he was wrong. Regarding the comment "if I got Amazon or I got Tesla I've won the game." It's not that simple. The best investment decision I've ever made was to buy Apple - after the iPod but before the iPhone. The worst investment decision I've ever made was to sell Apple for a nice profit. Templeton was absolutely right regarding the bankrupt stocks. On any given stock the most you can lose is 100%. The most you can make is over 10,000% (which is what I would have made on Apple if I hadn't sold it)! I would be much, much better off if I had never ever sold even one share of the stocks I have bought over the last 50 years!

  • @amywang2113
    @amywang21132 жыл бұрын

    The two young gentleman very knowledgeable… but one maybe work too hard … need drink more water and Lemon juice… and take more sleep

  • @RicherWiserHappier

    @RicherWiserHappier

    2 жыл бұрын

    Uh oh! I assume it's me who needs to sleep more, work less, and drink more water (perhaps not in the form of coffee)! Clay looks like a picture of a good health...

  • @ryanbaileyboxing
    @ryanbaileyboxing4 ай бұрын

    Rip Charlie

  • @dalladi
    @dalladi Жыл бұрын

    Do you have any women on this podcast who young ladies could look up to?

  • @jonathanedward5062
    @jonathanedward50622 жыл бұрын

    Another Buffet/Munger obsessed writer. In my opinion, it is getting old and repetitive. I appreciate the more differentiating views on investing on this channel.

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