TIP653: Track Record and Risk w/ Guy Spier

[We Study Billionaires - The Investor’s Podcast]

In this episode, Stig Brodersen talks with Guy Spier about how he has achieved his impressive track record and whether you can adjust a track record for luck. Since 1997, Guy Spier’s fund has performed 9.3% vs. 8.7% annually for the S&P500.



IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:05 - What we can learn from royal families about moats in business.

26:43 - How Guy Spier’s track record would look if we adjusted to luck.

40:20 - If Guy would ever stop managing money.

49:49 - How to think about risk in your portfolio.

52:31 - Why it’s risky not to take risks.

56:40 - Why Guy wants to be truthful and honest and not present himself in the best possible light.

1:14:31 - How to think about position sizing.

1:21:53 - What is VALUEx?

1:37:23 - How Guy feels about being famous in the value investing community.

1:55:46 - How to live a life with givers, matchers, and takers.



Disclaimer: Slight discrepancies in the timestamps 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, Kyle, and the other community members.
• Stig’s interview with Guy Spier about investing and life | YouTube Video.
• Stig and Preston’s interview with Guy Spier on his book, The Education of a Value Investor | YouTube Video.
• Stig and Preston’s interview with Guy Spier about his lunch with Warren Buffett | YouTube Video.
• 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.
• Adam Grant’s book, Giver and Take – read reviews of this book.
• Learn more about ValueX in Dubai November 7-9.
• Check out all the books mentioned and discussed in our podcast episodes here.
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