Link to original episode: https://www.youtube.com/watch?v=xsevf3I8Sgg&t=3s
https://x.com/stig_brodersen
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:
00:00:00 - Intro
00:01:21 - What we can learn from royal families about moats in business.
00:30:33 - How Guy Spier’s track record would look if we adjusted to luck
00:39:25 - Why Guy wants to be truthful and honest and not present himself in the best possible light
00:46:29 - If Guy would ever stop managing money
00:55:48 - How to think about risk in your portfolio
01:00:32 - Why it’s risky not to take risks
01:05:40 - How to think about position sizing
01:35:39 - What is VALUEx?
01:53:09 - How Guy feels about being famous in the value investing community
02:15:24 - How to live a life with Givers, Matchers, and Takers