William Green chats with renowned hedge fund manager Guy Spier. He explains how he’s positioning his portfolio to survive & prosper in these perilous times, & he shares practical advice on how to maintain equanimity amid all this uncertainty. 

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 Intro
00:01:00 How living in a calm & predictable environment helps Guy Spier to invest better.
00:09:42 How he resisted the temptation to buy overvalued tech stocks during the recent bubble.
00:24:57 Why we must beware of the psychological effects of rapidly rising or falling stock prices.
00:29:18 Why Guy refuses to invest in any business that can’t fund all of its growth internally.
00:40:11 How going to Berkshire Hathaway’s annual meeting helps to reinforce rational behavior.
00:50:34 What Warren Buffett told Guy Spier & Mohnish Pabrai about the perils of debt.
01:01:35 Why Guy regards the war in Ukraine as a potentially systemic threat to investors. 
01:11:09 Why he’s invested heavily in China, despite the political & economic dangers.
01:11:20 Where he’s investing in order to survive & prosper in these times of heightened risk.
01:13:39 Why he’s avoiding weaker countries, including Indonesia & the Philippines.
01:14:54 How he wrestles with the tricky question of whether to trim or hold his winners. 
01:19:34 How he constructs a portfolio that helps him to maintain his emotional equilibrium.
01:26:52 Why he’ll never short another stock.
01:44:14 Why he diverged from Mohnish on the risks & rewards of investing in Turkey.
01:58:19 What Guy & Mohnish have learned from the stunning success of their friend Li Lu.

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▶ RELATED EPISODES:
5 Life Lessons from Guy Spier | The Education of a Value Investor:    • 5 Life Lessons from Guy Spier | The E...  
The Education Of A Value Investor By Guy Spier:    • The Education Of A Value Investor By ...  

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  BOOK MENTIONED:
The Education of a Value Investor by Guy Spier: https://amzn.to/3ZPYi70

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On Richer, Wiser, Happier, William Green interviews highprofile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.

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