cover of episode TIP676: Richer, Wiser, Happier Q4, 2024 w/ Stig Brodersen & William Green

TIP676: Richer, Wiser, Happier Q4, 2024 w/ Stig Brodersen & William Green

2024/11/17
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We Study Billionaires - The Investor’s Podcast Network

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Stig Brodersen
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William Green
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William Green 认为,如同伟大的物理学家和哲学家所言,很多伟大的真理,其反面也是真理。在投资中,有时,美德的反面也是一种美德。比如,谦逊使人认识到自己可能犯错,而自信让人在面对挑战时坚持自己的判断。耐心是投资中重要的美德,但当情况发生变化时,适时放弃,及时止损也同样重要。 Stig Brodersen 补充道,很多投资者的成功,可能是因为其投资策略恰好符合当时的市场环境,而未必是其投资策略本身有多么高明。因此,要警惕“幸存者偏差”,不要盲目模仿成功者的投资策略。

Deep Dive

Chapters
The episode explores the concept that the opposite of a virtue can also be a virtue, using examples from investing and life. It emphasizes the importance of humility, patience, and the ability to hold contradictory ideas in mind.
  • The idea that the opposite of a great virtue is also a virtue is supported by historical figures like Thomas Mann and Niels Bohr.
  • Investing requires both confidence and humility; being patient yet ready to revise opinions when situations change.
  • Life is complex and contradictory, requiring open-mindedness and the ability to see shades of grey.

Shownotes Transcript

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on building meaningful relationships and traveling with friends along the path, they discuss what has made them Richer, Wiser, or Happier in the past quarter

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:12 - Why the opposite of a virtue is also a virtue

23:06 - Why the Nomad Partnership principles resonate so deeply with the value investing community

29:22 - Why it simplifies your life when you put quality front and center

38:57 - Where to find the intersection between authenticity and honesty

52:07 - Why does the value investing community have some similarities to a cult, and whether it is a problem

1:15:20 - Why you need to hold two contradictory thoughts in your head and still stay sane

1:26:34 - How to travel with friends along the path in business and life

1:35:13 - How to think about partnerships and relationships with the titans in the investing industry 

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

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