Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$1.3m Less than 3 years until retirement.... I have about 100k in cash
Congratulations!! I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market.
Nice! I'm doing some research on VOO now, seems very solid. Congrats on nearing retirement. 3 years will fly.....unless of course you hate your job lol....
Love my job. 30 years as a mechanic for a Major Airline. Great company. Just wish I knew about stocks, index funds, growth/dividend paying ETFs years ago. But still with a good CFA I am doing great. It's a nice hands-off way to approach it. *Lina Dineikiene* manages my funds and she has a great team. I conservatively follow her recommendations and market entry and exit points, and tbh this system makes it possible for me...
Sometimes, i feel protecting your capital is much more important than making money. I'm approaching retirement with comfortable millions, yet scared of a market crisis and how to benefit from a possible correction. Where do I best grow my money?
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, than save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial adviser and have had major portfolio yields of over 88%, so I'm not going back to relying solely on bank for bonds or T-bills.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
00:00 - Introduction 02:25 - Ergodicity 21:30 - Ergodic bet example Nestlé 23:30 - Survival vs. outperformance 29:01 - What I learned from Darwin about investing 33:40 - Living in Zurich 39:00 - Learning from small moves 45:05 - Be aware of your inner voice 50:37 - How to deal with anxiety and other emotions 58:54 - The Guest House, Poem by Rumi 1:00:42 - Balancing Ego, Humility and Delayed Gratification 1:09:38 - Taking action shapes your soul 1:12:19 - Overcomplicating life 1:15:47 - Lottery tickets vs Ability 1:18:52 - Case Method at Harvard Business School 1:21:48 - The Trap of Desire 1:26:48 - Having more financial wealth is not going to make me happier 1:33:33 - What would you do with $1 million as a starting investor? 1:38:21 - Wehere to look to 7x your money 1:42:16 - Closing thoughts: Survival is everything Number of swear words: 10
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I have always one thing on my mind that is Mark Twain's quote "It's not what we don't know that gets us in trouble. It's what we know for sure that just ain't so." The concept of expected return of an asset only works if we talk about the whole stock market itself - index. No one can say what is the future expected market return for any particular stock. The first rule of investing is to never lose money. Risk should not be defined statiscally as standard deviation from expected returns but as risk of an asset be impaired forever.
Well Well People will say lot of things on the way Guy talks about value investing or in general life philosophies. To me, Having heard 1000+ hours of Warren and Charlie (Even though they are irreplaceble by a wide margin) Guy and Mohnish are like modern Warren & Charlie to me, Guy's a sweet guy who don't want to say anything bad or just in general soft spoken and Mohnish is more of direct and say it as it is. Mohnish with all his 2X4 tile investments and Guy with these valueless disciplines are great combo. Also, as a side note, there are lot of people (Or i do hope there are) that listen to Guy not just to make quick buck but see through the experience that he has gained in life/investments and reflect on his lessons. Guy you have such a soothing voice that one can fall sleep listening to it haha... Btw Actions to Destiny saying is so true. I am hoping (doing my best) to meet you both on upcoming BRK meeting 2025. Thank you Guy❤️
Guy you're one of my favourites to listen to, I do wish you were a bit more active so I could clone you, not as active as Monish or God forbid Michael Burry cause you then you can't clone at all, it'll be sold before you buy it. I'd love to see you buy some small caps like the good old days of Weetabix.
Take bets that will keep you in the game even if u lose. Do not risk it even if it's low probability. Never do something ur not willing to do forever(everyday ) Small good things help . Water drops carve rock
Hello Everyone! I have a few questions about the coin-toss problem. Could you share the website for the simulator, and provide a link here? Also, the idea that the total value converges to zero over a number of tosses requires the condition that you're going "all-in" on each single toss, right? So, it's not just tossing $1 each time, but rather the aggregated wins and losses that lead to this result? Where can I read more on this topic? It's quite interesting!
@Gspier12 thx for the great content! I think that the quote : “He who has a ‘why’ to live for can bear almost any ‘how’ “ is originally from Nietzsche and used by Victor Frankl. Just love that quote. 😊
I tried watching the whole thing. I found some parts hard to get through. I think the interviewer should have been allowed to ask more questions. Charlie and Warren don't ramble that much. Be precise, less words are better.
It was not my finest moment - for sure. And you're right - I should not have driven even with one drop of alcohol in me. Gladly nothing happened. And best not to repeat that choice.
As an investment enthusiast, I often wonder how top level investors are able to become financially stable, I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, ETFs etc It is important to seek the advice of an expert.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $350k since then
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Because he’s speaking about building the base and fundamental to be a good investor over the long term some of which doesn’t have to do directly with investing .
EILotdog: my recommendation; listen a lot more to Mohnish then. We are all on different journeys and on different parts of the path. How boring the world would be if we all liked - or disliked the same thing.
![[DOKKAN BATTLE] Worldwide Campaign Announcement Video Part 2!](http://i.ytimg.com/vi/JpT5Voak6WA/mqdefault.jpg)
Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$1.3m Less than 3 years until retirement.... I have about 100k in cash
Wooooo crushing it! Awesome!
Congratulations!! I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market.
Great Portfolio You're killing it man... I am going to borrow some of these for my portfolio!!!
Nice! I'm doing some research on VOO now, seems very solid. Congrats on nearing retirement. 3 years will fly.....unless of course you hate your job lol....
Love my job. 30 years as a mechanic for a Major Airline. Great company. Just wish I knew about stocks, index funds, growth/dividend paying ETFs years ago. But still with a good CFA I am doing great. It's a nice hands-off way to approach it. *Lina Dineikiene* manages my funds and she has a great team. I conservatively follow her recommendations and market entry and exit points, and tbh this system makes it possible for me...
Sometimes, i feel protecting your capital is much more important than making money. I'm approaching retirement with comfortable millions, yet scared of a market crisis and how to benefit from a possible correction. Where do I best grow my money?
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, than save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial adviser and have had major portfolio yields of over 88%, so I'm not going back to relying solely on bank for bonds or T-bills.
Do you mind sharing info on the advisor who assisted you?
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
00:00 - Introduction
02:25 - Ergodicity
21:30 - Ergodic bet example Nestlé
23:30 - Survival vs. outperformance
29:01 - What I learned from Darwin about investing
33:40 - Living in Zurich
39:00 - Learning from small moves
45:05 - Be aware of your inner voice
50:37 - How to deal with anxiety and other emotions
58:54 - The Guest House, Poem by Rumi
1:00:42 - Balancing Ego, Humility and Delayed Gratification
1:09:38 - Taking action shapes your soul
1:12:19 - Overcomplicating life
1:15:47 - Lottery tickets vs Ability
1:18:52 - Case Method at Harvard Business School
1:21:48 - The Trap of Desire
1:26:48 - Having more financial wealth is not going to make me happier
1:33:33 - What would you do with $1 million as a starting investor?
1:38:21 - Wehere to look to 7x your money
1:42:16 - Closing thoughts: Survival is everything
Number of swear words: 10
you are an absolute legend! Thank you
Lorenzo, thank you for posting these time stamps. With your permission I'll get them posted in the description.
Great work - TOC complete now. Thank you.
Only 10 ! record broken ?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I have always one thing on my mind that is Mark Twain's quote "It's not what we don't know that gets us in trouble. It's what we know for sure that just ain't so." The concept of expected return of an asset only works if we talk about the whole stock market itself - index. No one can say what is the future expected market return for any particular stock. The first rule of investing is to never lose money. Risk should not be defined statiscally as standard deviation from expected returns but as risk of an asset be impaired forever.
I'm presuming you listen or read Howrd Mark's memos.
Well done Guy you’ve done great! A good family man and provided a secure environment for his family.
Many bits of wisdom spread throughout the discussion, if you listen carefully your time will be well invested.
Well Well People will say lot of things on the way Guy talks about value investing or in general life philosophies. To me, Having heard 1000+ hours of Warren and Charlie (Even though they are irreplaceble by a wide margin) Guy and Mohnish are like modern Warren & Charlie to me, Guy's a sweet guy who don't want to say anything bad or just in general soft spoken and Mohnish is more of direct and say it as it is. Mohnish with all his 2X4 tile investments and Guy with these valueless disciplines are great combo.
Also, as a side note, there are lot of people (Or i do hope there are) that listen to Guy not just to make quick buck but see through the experience that he has gained in life/investments and reflect on his lessons. Guy you have such a soothing voice that one can fall sleep listening to it haha...
Btw Actions to Destiny saying is so true.
I am hoping (doing my best) to meet you both on upcoming BRK meeting 2025.
Thank you Guy❤️
Dear Mr. Spier, thank you for sharing! I like spending my time listening to your calm approach to life!
Thank you Guy. Voice of sanity and inspiration. Your talks help ground plenty of us dreamer beginners.
An insightful and inspiring in-depth interview. Many thanks to both of you.
Love the way you explain how to said things better... is not about blaming, is about how you can use your emotions . Thank you!
Many useful thoughts expressed in this interview. Found it very valuable.
Fascinating interview.
Guy you're one of my favourites to listen to, I do wish you were a bit more active so I could clone you, not as active as Monish or God forbid Michael Burry cause you then you can't clone at all, it'll be sold before you buy it. I'd love to see you buy some small caps like the good old days of Weetabix.
Thank you Guy for sharing such great conversations with the public!
I absolutely love listening to what Guy Spier has to say. Huge fan since like 2015.
Fantastic video. Much respect to Guy. And well done interview by Jeremy as well.
Insightful as always! Thanks Guy!
Glad you enjoyed it!
This was an amazing interview, thank you so much!
Watched a lot of guys vids. Many pieces of gold in this one
The guy lost weight and dyed his hair-what a transformation!
Guy on his way to becoming a therapist 😂 I love you Guy
He's even better on the couch, with his therapist William Green conducting the session.
Take bets that will keep you in the game even if u lose. Do not risk it even if it's low probability.
Never do something ur not willing to do forever(everyday )
Small good things help . Water drops carve rock
Enjoyed that, Guy, thank you very much (from another value investor who started in '01).
Hello Everyone!
I have a few questions about the coin-toss problem. Could you share the website for the simulator, and provide a link here? Also, the idea that the total value converges to zero over a number of tosses requires the condition that you're going "all-in" on each single toss, right? So, it's not just tossing $1 each time, but rather the aggregated wins and losses that lead to this result? Where can I read more on this topic? It's quite interesting!
who is the interviewer?? no details in description...
@Gspier12 thx for the great content!
I think that the quote : “He who has a ‘why’ to live for can bear almost any ‘how’ “ is originally from Nietzsche and used by Victor Frankl.
Just love that quote. 😊
With all due respect, How does it work if your a helicopter pilot, Surely they would all be dead, has to be other variables.
Wait, is this an old interview? Feel like I've watched this before
Is it okay to swap stocks if their prices are going down
I tried watching the whole thing. I found some parts hard to get through. I think the interviewer should have been allowed to ask more questions. Charlie and Warren don't ramble that much. Be precise, less words are better.
This is incredibly good
Enjoyed the talk...other than the beeps on cursewords (the words sounds polite in the context). The beeps cut the flow of conversation.
This video is digital gold!
Drink and drive.... And with family on board. That's how you lose in one moment all respect
It was not my finest moment - for sure. And you're right - I should not have driven even with one drop of alcohol in me. Gladly nothing happened. And best not to repeat that choice.
💯
lot of broker promo bots in the comments. please be careful on responding ot them.
Lucy walked in Ethiopia not in Tanzania….
Lucy was discovered in Ethiopia not Tanzania
❤
I love he wears a Milgaus
Guy Spier can't even beat a monkey buying index funds, zero credibility
So his networth is $300million. I really want to be a centri millionaire
As an investment enthusiast, I often wonder how top level investors are able to become financially stable, I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, ETFs etc It is important to seek the advice of an expert.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $350k since then
Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this financial planner?
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Humility? 😂
I don’t know why but I get very little out of Guy Spiers content… I get so much out of Monish’s.
Because he’s speaking about building the base and fundamental to be a good investor over the long term some of which doesn’t have to do directly with investing .
EILotdog: my recommendation; listen a lot more to Mohnish then. We are all on different journeys and on different parts of the path. How boring the world would be if we all liked - or disliked the same thing.
@@GSpier12 thank you for responding
This guy has some interesting perspectives, but his belief in evolution is misguided and tragic.
He's soooo boringxxx