Biggest lesson i've learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody is an expert; you must establish your own procedures, control risks, and follow your plan through thick and thin while also always learning from your failures and getting better.
True, my portfolio took a massive hit in 2022, and I almost sold everything to switch to cash savings. However, I was advised to consult a financial advisor. Following the guidance of this CFA, my portfolio started increasing by 10% monthly. She had anticipated the crash and rebalanced my portfolio accordingly.
My CFA *Julianne Iwersen-Niemann* 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..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
We can all read about Buffett’s principles, but actually applying them consistently is a whole different ball game. I’ve tried some of his value investing strategies, but life and market changes make it tough to stick to them.
Exactly. I mean, Buffett’s whole thing is patience and long-term investing, but when you see the market crash or inflation rising, it’s hard not to panic. You start questioning whether you should hold on or make a move.
And then there’s the discipline. It’s easy to say, “Buy when there’s blood in the streets,” but when your portfolio’s bleeding, it’s another story. I’ve tried timing the market, but that’s not really what Buffett advocates either, right?
Buffett says to buy great companies at a fair price and hold them forever. But we’re not all Warren Buffett-we don’t have the time or the expertise to dive that deep into financials, year after year, especially with how volatile the market has been lately.
The unstructured parts of discussions often reveal the most valuable insights. It’s fascinating how those casual moments can lead to realizations that structured meetings might not uncover.
I met Guy Spier and Mohnish this Summer - I was blown away and inspired by their simplicity and track record. Prior to meeting them, I'd read their books a few times. They may not be as well known in the Silicon valley startup world but they are value investing royalty.
@@AKumar-co7oeexactly I don’t get it either. I haven’t heard of this guy until this episode. I appreciate his wisdom and philosophy about life, but his investment track record is not much to write home about. If you want to beat the s&p, just buy QQQ and hold it. The average annual compounded return over the last 20 years is 14.99% (with dividends reinvested) which destroys his returns.
Did you speak about his political views on Israel? Because he is a way different person you might think he is.... He seems a nice guy but he doesn't care much about innocent civilians killed as long as they aren"t Israeli.
@@AKumar-co7oe If you assume market return is X (let's say 8%), an extra 0.8% will make your return 20% higher in 25 years. So if the market returned you 1 Million, then his fund returned 1.2 million. Not a stunt, but not shabby either.
I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
Guy Spier is one of the most humble investors out there. I read his book cover to cover in one weekend, simply couldn't put it down. Thanks for having him on the pod!
Guy is a total mench. Great wisdom and insights. I remember reading his book “Education of a Value Investor” back in 2017. My big takeaway was how you need to become a better person before you can become a better investor. I’ll be listening to this interview multiple times.
@51:50 gold. absolute knowledge from Guy. the essential effort toward one's art of the measurement. much like tape measure in the hand -- we also make the measurement with the Xcheck or the partnership of the accolade for the model. Buffett is our reach for the tape as we make way to learn in the effort. stellar story telling from Guy.
Buffett is just really adaptable. His current investment attitude is not so much suited for small investors as his opportunities are limited due to the size of the assets.
1:12:17 Loved the last bit of this interview. I've been thinking a lot about 'enough' capitalism (see Arizona Iced Tea founder) vs 'constant growth' capitalism. I'd be very curious to hear Shaan's reasoning behind the "if nobody was Zuck, if nobody was Elon we'd have a problem" comment. Feels like he missed Guy comparing what they're building to empires and him thinking it should be a thing of the past.
Enough capitalism is a feminine concept. As men, our job is to hoard resources for our tribe. The women in our tribe spread those resources to the offspring. Hence why a feminine entrepreneur would ponder the concept and a masculine entrepreneur would not
I got a ton out of this on a personal level but literally gold replaces value investing entirely… gold and btc barbell blows anything in the value world away…. I would never hold brk under any circumstance and buffet had inside info his entire career…
"If nobody was Zuck, if nobody was Elon, we would also have a problem?" Like what exactly? There would be no Facebook or Tesla/Space X? Life wouldn't be that much different in my opinion, there were already social media companies around before Facebook so likely there would just be a different top dog. If no Tesla, electric cars would be behind where they are now but by how much is debatable and if it's really that relevant is another question. We would also be behind where we are now on space travel but by how much? If space travel matters that much is another question.
The guy who studied Buffett for 25 years should have just allocated his entire fund to BRK-would have outperformed his own track record 😂. Check the math…
Why would you manage and work on a fund that barely beats SP500. Just put the money in the index and stop pretending you are working and go do something else. This guy logic is full of fear of risk, and self justification for his small minded game.
With recent crude prices swinging between highs of $90 and lows around $70, it's clear we're in a volatile phase. Investing in gold and crude this year could be smart due to ongoing geopolitical tensions and inflation. Diversifying with these assets can help hedge against economic uncertainties
You’ve nailed it! The volatility in crude prices underscores the need for strategic investing. Gold and crude can serve as effective hedges in times of instability. Balancing investments in these assets can provide stability and potential growth, especially amidst rising inflation and geopolitical risks
Considering an investment of approximately $250,000, I seek your guidance on entering the market. I am contemplating mirroring the tactics of seasoned professionals rather than independently investing to mitigate potential financial setbacks and emotional strain. How do you view this particular strategy?
Exploring the option of diversifying your portfolio by blending stocks and stable assets could be a wise move. Consulting with a financial expert at this point may offer valuable perspectives and tactics to handle market uncertainties and safeguard your investments.
Indeed, my investment portfolio has been strategically diversified to weather various market conditions, resulting in a substantial 60% return from the beginning of last year to the present. Collaborating closely with my financial advisor, we are diligently navigating towards a seven-figure milestone in the investment realm.
... I've averaged 22% returns over the last 10 years and I don't have a hedge fund - this guy is always such a tool . Beating the index by 80 basis points is practically a non-achievement.
@@AKumar-co7oeexactly and especially when you consider the returns on a risk adjusted basis. For barely beating the market, he may as well just put his funds money in the S&P which is a safer bet. Not too mention that he’s underperformed over the last 8 years, so over time his returns will likely fall to the same as the return of the S&P anyways
Shaan, he mentioned YPO, has Israel flag on his twitter handle, a friend of Bill Ackman, this tells you that the common trait they have is Zionism and they tend to help each other. Get us someone from Palestinian or Arabs root, they tend to be more inspiring.
yes of course. but it’s daft to minimise the strategy into “well, without all the money it doesn’t work effectively” like yeah that’s every investment strategy on the planet. input -> output. but there’s a reason he’s the best and that’s strategy; millions of folk have the cash and contacts to get where warren is.
buffet managed high returns in his early years and made a huge salary - he also did a hedge fund hustle in his 30s which put him in a different orbit. my own net worth in nominal dollars has been growing faster than buffet's till my current age (33) - obviously todays dollars aren't the same as dollars were back then - but the crazy growth he sees from age 33 to 43 and then onwards is absolutely staggering from 2.4M to 34M in 10 years. you can't get that consistently in the public markets - you CAN get it in the private markets - which is what he did for many years before becoming primarily a public market investor. I am sure I can 4x-5x in 10 years, but for 10x-20x - need to play either the hedge fund game or the private equity game and use leverage that comes from other people's money.
All the dopes saying first when clearly not first 😂 Anyway yeah there was an indian rich guy who also says he just copies, Warren Buffett, so it must be true lol
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Ann Doran.
No offense I had to turn I thought this podcast will keep my attention. You guys got to dwindle down and get to the point of what the thumbnail is about copying copying copying warm Buffet sheesh
Yeah he barely outperforms the market while taking on considerably more risk than just buying the S&P. For comparison, you can just buy and hold QQQ which compounds at an average annual return of about 15% if you reinvest dividends, which blows his returns out of the water. Also, for trying to be like Buffet who has compounded at about 20% over a much longer amount of time, he isn’t even producing half of his returns
Biggest lesson i've learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody is an expert; you must establish your own procedures, control risks, and follow your plan through thick and thin while also always learning from your failures and getting better.
True, my portfolio took a massive hit in 2022, and I almost sold everything to switch to cash savings. However, I was advised to consult a financial advisor. Following the guidance of this CFA, my portfolio started increasing by 10% monthly. She had anticipated the crash and rebalanced my portfolio accordingly.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
My CFA *Julianne Iwersen-Niemann* 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..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
We can all read about Buffett’s principles, but actually applying them consistently is a whole different ball game. I’ve tried some of his value investing strategies, but life and market changes make it tough to stick to them.
Exactly. I mean, Buffett’s whole thing is patience and long-term investing, but when you see the market crash or inflation rising, it’s hard not to panic. You start questioning whether you should hold on or make a move.
And then there’s the discipline. It’s easy to say, “Buy when there’s blood in the streets,” but when your portfolio’s bleeding, it’s another story. I’ve tried timing the market, but that’s not really what Buffett advocates either, right?
Buffett says to buy great companies at a fair price and hold them forever. But we’re not all Warren Buffett-we don’t have the time or the expertise to dive that deep into financials, year after year, especially with how volatile the market has been lately.
That’s where a lot of people struggle. Even if we know what to do, we often don’t have the discipline, and sometimes, we just don’t have the time.
Totally agree. That’s why I eventually decided to work with Joseph Nick Cahill.
The unstructured parts of discussions often reveal the most valuable insights. It’s fascinating how those casual moments can lead to realizations that structured meetings might not uncover.
Great Shaan Interview!!!, please try to get Li Lu or Pulak Prasad on your podcast. It would be AWESOME
Li Lu +1
Li Lu +1
I met Guy Spier and Mohnish this Summer - I was blown away and inspired by their simplicity and track record.
Prior to meeting them, I'd read their books a few times. They may not be as well known in the Silicon valley startup world but they are value investing royalty.
you were 'blown away' by 'i outperformed the index by 0.8% annually over 25 years'?
@@AKumar-co7oeexactly I don’t get it either. I haven’t heard of this guy until this episode. I appreciate his wisdom and philosophy about life, but his investment track record is not much to write home about. If you want to beat the s&p, just buy QQQ and hold it. The average annual compounded return over the last 20 years is 14.99% (with dividends reinvested) which destroys his returns.
Did you speak about his political views on Israel? Because he is a way different person you might think he is....
He seems a nice guy but he doesn't care much about innocent civilians killed as long as they aren"t Israeli.
@@AKumar-co7oe If you assume market return is X (let's say 8%), an extra 0.8% will make your return 20% higher in 25 years. So if the market returned you 1 Million, then his fund returned 1.2 million. Not a stunt, but not shabby either.
I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
Thanks for sharing.
Thank you Shaan, for all your preparation and research in making this episode so brilliant!
Guy is such a great person. Someone should make a documentary about him one day; he's such an underrated investor.
He he heee…I wonder who would😏😉
Guy Spier is one of the most humble investors out there. I read his book cover to cover in one weekend, simply couldn't put it down. Thanks for having him on the pod!
It’s a great book! Thanks to Guy and William Green for getting it into the world. William should be on if he hasn’t already!
A very warm ending Shaan to a very interesting interview. Thank you so much.
Guy is a total mench. Great wisdom and insights. I remember reading his book “Education of a Value Investor” back in 2017. My big takeaway was how you need to become a better person before you can become a better investor. I’ll be listening to this interview multiple times.
@51:50 gold. absolute knowledge from Guy. the essential effort toward one's art of the measurement. much like tape measure in the hand -- we also make the measurement with the Xcheck or the partnership of the accolade for the model. Buffett is our reach for the tape as we make way to learn in the effort. stellar story telling from Guy.
Last 30minutes of this episode is incredible, great work guys :)
thanks for the tip. I am watching the show backward. best bang for the time
Great interview! I loved the closing; powerful and wise non-answer.
“It's not about how smart you are but how smart you are relative to how smart you think you are”. - Guy Spier
Priceless...
All these people praising Guy and Mohnish have never looked into their portfolio performance. They are just robbing their investors. 🤦🏻♂️🤦🏻♂️
Great episode! That was an awsome plug for hubspot as well, short sweet and hit just right
Let’s spent the first half of this video on discussing what a great guy Tony Robins is. Thanks. FMD
Shaan with a new camera angle...hmmm...I LIKE IT!
Amazing video thank you! Guy is one of the great minds of our generation
Buffett is just really adaptable. His current investment attitude is not so much suited for small investors as his opportunities are limited due to the size of the assets.
This video is Gold
Farmer Mac is up +107.72% over 5 years, versus +80.64% of SP500, and Farmer Mac is up 10,227% since 1994, so maybe he should have held and not sold
Also Bill shorted the stock and then hired a publicist to drive down the stock, the stock did go down but has since 6x. So this story is BS
1:12:17 Loved the last bit of this interview. I've been thinking a lot about 'enough' capitalism (see Arizona Iced Tea founder) vs 'constant growth' capitalism. I'd be very curious to hear Shaan's reasoning behind the "if nobody was Zuck, if nobody was Elon we'd have a problem" comment. Feels like he missed Guy comparing what they're building to empires and him thinking it should be a thing of the past.
Enough capitalism is a feminine concept. As men, our job is to hoard resources for our tribe. The women in our tribe spread those resources to the offspring. Hence why a feminine entrepreneur would ponder the concept and a masculine entrepreneur would not
Great interview! First time hearing of this "Guy"!
unexpected but fire episode Shaun ❤
Thank you, what an inspirational video.
I got a ton out of this on a personal level but literally gold replaces value investing entirely… gold and btc barbell blows anything in the value world away…. I would never hold brk under any circumstance and buffet had inside info his entire career…
I must think more about this concept of finite games vs infinite games
Such a great person! 😊
Excellent intro
"If nobody was Zuck, if nobody was Elon, we would also have a problem?" Like what exactly? There would be no Facebook or Tesla/Space X? Life wouldn't be that much different in my opinion, there were already social media companies around before Facebook so likely there would just be a different top dog. If no Tesla, electric cars would be behind where they are now but by how much is debatable and if it's really that relevant is another question. We would also be behind where we are now on space travel but by how much? If space travel matters that much is another question.
That’s like saying Edison or Ford or Einstein or many others, didn’t matter because someone else would come along.
This was so great
Guy was great.
Noticed the books of Guy in the shelves have labels on the books like a library book, Wonder why?
Why do all the books on his bookshelf appear to be library books?
The Average Joe has finally come in person to the pod.
Great Farmer Mac story 9:28
Interesting , how do you know ? Does he say on the video
The guy who studied Buffett for 25 years should have just allocated his entire fund to BRK-would have outperformed his own track record 😂. Check the math…
No fucking way. You just interviewed the new duo Monish x Spier.
Why would you manage and work on a fund that barely beats SP500. Just put the money in the index and stop pretending you are working and go do something else. This guy logic is full of fear of risk, and self justification for his small minded game.
Does anyone else think Guy Spier should write a book about his own strategies instead of just talking about Buffett?
With recent crude prices swinging between highs of $90 and lows around $70, it's clear we're in a volatile phase. Investing in gold and crude this year could be smart due to ongoing geopolitical tensions and inflation. Diversifying with these assets can help hedge against economic uncertainties
You’ve nailed it! The volatility in crude prices underscores the need for strategic investing. Gold and crude can serve as effective hedges in times of instability. Balancing investments in these assets can provide stability and potential growth, especially amidst rising inflation and geopolitical risks
He would call Tony Robbins "Anthony"
I always hear Phil Town talk about Guy Spier but I have never listened to him.
him=Phil or him=Guy?
FYi your hubspot link not working
I want to know his book organization system.
Despite that, if you had invested in Farmers Mac back then, you would have had a glorious return.
Shaan's the GOAT
U mean the goat/sheep which Muslims sacrifice for Allah? 😢
excellent
If I hear Anthony Robbins one more time…
im not listening to investing advice from a guy who studied 25 years just to have walmart great value book shelves
It's called frugal. You get used to it
That's what I'm trying to understand myself...did he get rich from doing this for 25 years? Is he at least a millionaire?
Thats why you will always feel poor
@@Booklover32😊😊😊😊q😊😊
A bit disappointing, was a lot speaking with saying nothing.
They are talking in circles... pure nothing.
Guess we're back to the alt intro :/
So he's known as the person that won an auction to lunch with Warrent Buffet. Interesting.
Did Guy beat the market?
Considering an investment of approximately $250,000, I seek your guidance on entering the market. I am contemplating mirroring the tactics of seasoned professionals rather than independently investing to mitigate potential financial setbacks and emotional strain. How do you view this particular strategy?
Exploring the option of diversifying your portfolio by blending stocks and stable assets could be a wise move. Consulting with a financial expert at this point may offer valuable perspectives and tactics to handle market uncertainties and safeguard your investments.
That's indeed a perceptive viewpoint to ponder.
Indeed, my investment portfolio has been strategically diversified to weather various market conditions, resulting in a substantial 60% return from the beginning of last year to the present. Collaborating closely with my financial advisor, we are diligently navigating towards a seven-figure milestone in the investment realm.
Desiree Ruth Hoffman is the individual in question.
I swiftly forwarded an email to her and now eagerly await a response; professional financial advisors are essential for all of us.
Why does Spier say "parson" when he means "person" ?
But how can I make YOUR money work for me :O
Convince them that you know how to manage their money better.
You just figured out a hedge fund
... I've averaged 22% returns over the last 10 years and I don't have a hedge fund - this guy is always such a tool . Beating the index by 80 basis points is practically a non-achievement.
@@AKumar-co7oeexactly and especially when you consider the returns on a risk adjusted basis. For barely beating the market, he may as well just put his funds money in the S&P which is a safer bet. Not too mention that he’s underperformed over the last 8 years, so over time his returns will likely fall to the same as the return of the S&P anyways
Shaan, he mentioned YPO, has Israel flag on his twitter handle, a friend of Bill Ackman, this tells you that the common trait they have is Zionism and they tend to help each other. Get us someone from Palestinian or Arabs root, they tend to be more inspiring.
Can't invest in coke and Sees candy if one knows what it does to the human body unfortunately 😢
I ll give this guy a chance even though he looks like a decorated war veteran with all woke flags on his x account. Lets go. Thanks for sharing.
1:12:00
🙏
6.8
Nugget of the episode : if I did this one action infinitely, where would it lead.
To copy Warren Buffett's success, you also need to bring in millions of investor dollars. His investing strategy alone is not that lucrative
Do you know Warren Buffett was an hustler right? Dude was lamborghini balling (today version) before 21 y/o.
yes of course. but it’s daft to minimise the strategy into “well, without all the money it doesn’t work effectively” like yeah that’s every investment strategy on the planet. input -> output. but there’s a reason he’s the best and that’s strategy; millions of folk have the cash and contacts to get where warren is.
Nah buffet was getting 50% returns early. Just that most can't be him. Like lebron telling you to stay in school
buffet managed high returns in his early years and made a huge salary - he also did a hedge fund hustle in his 30s which put him in a different orbit. my own net worth in nominal dollars has been growing faster than buffet's till my current age (33) - obviously todays dollars aren't the same as dollars were back then - but the crazy growth he sees from age 33 to 43 and then onwards is absolutely staggering from 2.4M to 34M in 10 years. you can't get that consistently in the public markets - you CAN get it in the private markets - which is what he did for many years before becoming primarily a public market investor. I am sure I can 4x-5x in 10 years, but for 10x-20x - need to play either the hedge fund game or the private equity game and use leverage that comes from other people's money.
Imagine 25 years of studying to figure out how to buy low and sell high😂😂😂❤
All the dopes saying first when clearly not first 😂 Anyway yeah there was an indian rich guy who also says he just copies, Warren Buffett, so it must be true lol
Monish?
@@cutdepiefails6596haha yep
@@Hshjshshjsj72727 lol. Monish is a baller. There is a interview here. Sayed Balkhi is a disciple as well and quite close to Monish.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Ann Doran.
No offense I had to turn I thought this podcast will keep my attention. You guys got to dwindle down and get to the point of what the thumbnail is about copying copying copying warm Buffet sheesh
I'm number 1 baby!!!
Fudge! You beat me!
This guy basically talk alot but not actually meaning anything.
Seventh
This Guy makes 9% per year. Thats horrible. One of the most overrated investors.
Wonder what his fees are?
Yeah he barely outperforms the market while taking on considerably more risk than just buying the S&P. For comparison, you can just buy and hold QQQ which compounds at an average annual return of about 15% if you reinvest dividends, which blows his returns out of the water. Also, for trying to be like Buffet who has compounded at about 20% over a much longer amount of time, he isn’t even producing half of his returns
@@ST5S5how do we know he's learned any lessons if there's nothing to show for it
@@AKumar-co7oe we don't
1st
first
avuncular 'rizz