We Study Billionaires - The Investor’s Podcast Network RWH010: High-Performance Habits w/ Guy Spier (Part 2)
Join Guy Spier, a renowned value investor and author of 'The Education of a Value Investor,' as he shares insights on navigating ADHD and the importance of structuring life around a clear mission. He discusses thoughtful practices like writing your own obituary and nurturing meaningful relationships for personal and professional growth. Spier emphasizes the value of kindness, the surprising power of radical truthfulness, and the significance of compounding goodwill in both business and life.
01:14:04
Creating Calm
- Create a calm physical environment for deep thinking, separate from digital distractions.
- Use spaced repetition with physical notes to revisit important ideas and questions.
Closing Loops
- Close open loops by capturing thoughts and scheduling reviews to avoid mental clutter.
- Own a small stake in many companies to prompt annual report reviews and maintain awareness.
Relationships as the Killer App
- Prioritize building the right relationships over optimizing the physical environment alone.
- Relationships are the "killer app" for learning and growth.
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Intro
00:00 • 2min
Navigating Generosity and Life Missions
01:39 • 8min
Navigating ADHD: Challenges and Strategies
09:59 • 6min
The Focus Factor: Medication and Creativity
15:59 • 7min
Cultivating Clarity and Connection
22:48 • 25min
The Power of Goodwill in Business
47:44 • 11min
The Power of Kindness and Truth
58:38 • 19min
#199
• Mentioned in 114 episodes
Richer, Wiser, Happier
How the World's Greatest Investors Win in Markets and Life
William Green
In Richer, Wiser, Happier, William Green draws on interviews conducted over twenty-five years with many of the world’s greatest investors.
The book highlights that the most successful investors are mavericks and iconoclasts who question conventional wisdom and think rationally, rigorously, and objectively.
They maximize their odds of long-term success in markets and life by drawing insights from diverse fields such as neuroscience, economic history, psychology, philosophy, and more.
Green explains how these investors can teach us not only how to become rich but also how to improve our thinking, decision-making, risk assessment, and resilience, and how to turn uncertainty to our advantage.
#807
• Mentioned in 43 episodes
Power Vs. Force
The Hidden Determinants of Human Behavior
David R. Hawkins
In 'Power vs.
Force,' David R. Hawkins explores the nature of true power and force, arguing that power is whole, positive, and wholesome, while force is partial, selfish, and negative.
The book introduces a hierarchical scale of consciousness, ranging from 1 to 1000, where levels below 200 are considered negative and those above 200 are positive.
Hawkins uses concepts from particle physics, nonlinear dynamics, and chaos theory, as well as Applied Kinesiology, to support his research.
The book is divided into three parts, discussing the process of achieving one’s ultimate potential, the distinction between power and force in various aspects of life, and the evolution of human consciousness.
It emphasizes the importance of integrity, understanding, and compassion in enhancing one’s level of consciousness and leading a more fulfilling life.
#281
• Mentioned in 91 episodes
Emotional Intelligence
Why It Can Matter More Than IQ
Daniel Goleman
In 'Emotional Intelligence,' Daniel Goleman presents a compelling argument that emotional intelligence (EI) is crucial for success, happiness, and virtue.
Drawing on research in psychology and neuroscience, Goleman explains how EI, which includes self-awareness, self-discipline, and empathy, shapes our destiny.
The book details five key skills of emotional intelligence: self-awareness, managing emotions, motivation, recognizing emotions in others, and social skills.
Goleman shows how these skills can be nurtured and strengthened throughout adulthood, benefiting our health, relationships, and work performance.
#1298
• Mentioned in 31 episodes
The education of a value investor
Guy Spier
In this book, Guy Spier narrates his early career struggles in investment banking on Wall Street and his transformation into a value investor.
The book covers his experiences working at D.H.
Blair, his education at Oxford and Harvard Business School, and the significant influences of Warren Buffett and Charlie Munger on his investment philosophy.
It also emphasizes the importance of authenticity, continuous learning, and ethical considerations in investing.
The book has been translated into several languages and has sold over 175,000 copies in English.
#866
• Mentioned in 41 episodes
In Search of Lost Time
Swann's Way
Stephane Heuet
Marcel Proust
This graphic adaptation of Marcel Proust's 'In Search of Lost Time' presents the first volume, 'Swann's Way', in a compressed and visually engaging format.
The adaptation, likened to a 'piano reduction of an orchestral score', retains the fundamental architecture and themes of Proust’s work, including time, art, and the elusiveness of memory.
Stéphane Heuet's detailed illustrations bring to life the narrator Marcel's childhood memories in Combray, capturing the humor, wit, and memorable characters of Proust's original text.
This adaptation is designed to make Proust's work more accessible while maintaining its essence and beauty.
#104
• Mentioned in 167 episodes
The Gulag Archipelago
An Experiment in Literary Investigation
Aleksandr Solzhenitsyn
The Gulag Archipelago is a three-volume series written by Aleksandr Solzhenitsyn, exploring the Soviet labour camp system through a mix of historical narrative, personal accounts, and literary investigation.
The book traces the history of the Gulag from Vladimir Lenin's decrees to the era of Nikita Khrushchev, detailing the arrest, conviction, transport, and imprisonment of prisoners.
It includes Solzhenitsyn's own experiences as a Gulag prisoner and accounts from other inmates, highlighting the brutal conditions, forced labor, and the psychological and physical suffering of the prisoners.
The work is a testament to the human spirit's struggle against evil and serves as a comprehensive critique of the Soviet regime's use of terror against its population.
IN THIS EPISODE, YOU'LL LEARN:
- 00:02:04 - How Guy Spier deals with the many competing demands on his time and energy.
- 00:03:07 - Why it’s vital to have clarity about your life mission and to structure your life around it.
- 00:09:00 - Why it’s helpful to write your own obituary or funeral speech.
- 00:09:59 - What strategies help Guy to focus better and handle the challenge of having ADHD.
- 00:11:53 - How to construct an environment that enables you to think calmly and deeply.
- 00:26:22 - How Guy structures his reading and why he routinely sends notes to his “future self.”
- 00:30:43 - Why he owns a minuscule quantity of about 100 stocks.
- 00:32:28 - Why he believes the real key to learning is to nurture relationships with the right people.
- 00:37:04 - What guiding principles help him to decide how to manage his time.
- 00:40:06 - Why he reads great novels and studies mathematics, instead of living a narrower life.
- 00:45:48 - What you should optimize for in life. Hint: it’s not money.
- 00:54:47 - What advice Guy has on how to compound goodwill.
- 01:03:07 - Why the best path to success and happiness is to focus heavily on lifting up other people.
- 01:15:36 - What he learned from Jordan Peterson about the unexpected power of telling the truth.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Related Episode: Part 1 of William Green's interview with Guy Spier - How to Build Enduring Wealth - RWH009.
- Stig and Preston interview Guy Spier about his book, “The Education of a Value Investor.”
- Stig and Preston interview Guy Spier about his $650,100 lunch with Warren Buffett.
- Guy Spier’s book, “The Education of a Value Investor" – Read reviews of the book.
- Subscribe to Guy Spier’s free newsletter.
- Guy Spier’s podcast and website.
- Guy Spier interviews William Green about his book, “Richer, Wiser, Happier.”
- William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
- William Green’s Twitter.
- Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Check out our favorite Apps and Services.
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