RWH014: The Resilient Investor w/ Matthew McLennan

  • Thread starter We Study Billionaires - The Investor’s Podcast
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We Study Billionaires - The Investor’s Podcast

Guest
William chats with Matthew McLennan about how to achieve resilient wealth creation, which is a central focus of William's book “Richer, Wiser, Happier." This interview was recorded on August 30, 2022.



IN THIS EPISODE, YOU'LL LEARN:

  • 02:36 - How Matthew McLennan grew up off the grid without electricity or hot running water.
  • 12:56 - What he learned as a money manager at Goldman Sachs during the dotcom bubble.
  • 15:57 - Why investors should try to emulate the patient, selective mindset of gardeners.
  • 27:01 - How the most resilient businesses remind Matt of great wines and enduring artworks.
  • 35:01 - Why investors need to respect the phenomenon of entropy as an ironclad law of life.
  • 44:18 - Why investors should be wary of hot growth stocks, which are liable to fade.
  • 46:27 - Why there’s surprising beauty in mundane businesses like bicycle brakes & elevators.
  • 57:14 - How to ask the right “splitting” questions as a way to rule out what you shouldn’t own.
  • 1:07:07 - Why gold might be more attractive than Bitcoin as a potential hedge against chaos.
  • 1:18:25 - Why it’s wise to diversify overseas, where many stocks are much cheaper than in the US.
  • 1:23:33 - Why the high-flying US dollar is at risk of weakening in the years to come.
  • 1:32:59 - Why Matt is wary of Chinese stocks & thinks China’s ascendancy is not inevitable.
  • 1:37:17 - What history can teach us about the growing risk of war between the US & China.
  • 1:38:52 - Why it’s critical to set aside time to read, reflect, & distill what you’re learning.



*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.



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