
Behind the Balance Sheet #23B The Best Selling Author Part 2 - William Green on Munger’s Verdict, Interviewing & Why Being a Bit Weird Helps
9 snips
Jun 15, 2023 AI Snips
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Pick Subjects Who Teach Enduring Principles
- Choose interview subjects who are admirable, thought-provoking, and sustainably successful rather than only the richest.
- Green interviewed 40+ people then focused on those who illustrated enduring, teachable principles.
Low Emotion Is A Trading Edge
- Low emotional reactivity can be an advantage in investing because it prevents crowd-driven behavior.
- Green says Charlie Munger and Warren Buffett 'don't feel fear' in crises, enabling contrarian buying at rare opportunities.
Read Outside Finance To See Hidden Value
- Read widely beyond finance to gain contrarian frameworks and perception tools.
- Bill Miller used philosophers Wittgenstein and William James to reframe Amazon's value and buy 15% during its crash.
