The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment Hardcover – September 9, He becomes a true value investor. Author Guy Spier started his career as a Gordon Gekko wannabe -- brash, short-sighted and entirely out for himself. Guy Spier. Author, Education of a Value Investor. The Education of a Value Investor. Marina Theodotou. American Management Association. Today's Presenter. Description What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager.
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Guy Spier's book, The Education of a Value Investor, teaches us that we need to stop living our life through other people. The Education of a Value Investor Summary by Guy Spier does precisely what it promises – it shares the secrets of becoming a successful. Safal Niveshak writes about 5 big lessons on life an investing he re-learnt from Guy Spier's Education of a Value Investor.
But he learned a lot from the experience about what he did not want to do which helped going forward. Intelligence without common sense can be worthless. Blair instantly?
You can see the biggest changes by un-educating yourself. Or, for that matter, un-educate myself.
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Later on, when he was in a bad place looking for work he saw self-help guru Tony Robbins give a speech. After initially dismissing Robbins he actually bought into the message of authenticity, speaking from the heart and being honest. This ended up being a springboard for starting his own fund and changing his attitude.
He was able to utilize the Tony Robbins approach and it changed his entire outlook on life. Learn as much as you can from those around you.
Be honest with yourself and with others. Though it will be great if all our days on earth are on the up-and-up, and completely sunny.
Unfortunately, they are not. This is also true of the stock market where people who have created the maximum wealth have done it through the most trying of times. Along with his cover letter, Jacobs enclosed a cheque to compensate Buffett for his time in evaluating this job application. Anyways, Guy then writes… The key, in my experience, is to value people as an end in themselves, not as a means to our own ends.
5 Lessons on Life & Investing from Guy Spier’s Education of a Value Investor
This is so unlike what happens in the financial services industry where people selfishly work for their own incentives, others be damned! And this is one of the key reasons for my disgust with this industry.
Our guideline is to tell you the business facts that we would want to know if our positions were reversed. We owe you no less.
In other words, Buffett treats shareholders and managers in his acquired businesses as he would wish to be treated if the positions were reversed. This is in fact the Golden Rule or ethic of reciprocity — One should treat others as one would like others to treat oneself.
Finding Role Models Prof. Sanjay Bakshi , in his first interview with me in , talked about the importance of finding role models. Books are a priceless source of wisdom. But people are the ultimate teachers, and there may be lessons that we can only learn from observing them or being in their presence.
In many cases, these lessons are never communicated verbally. Role models are highly important for us psychologically, helping to guide us through life during our development, to make important decisions that affect the outcome of our lives, and to help us find happiness in later life. Role models may change your outlook on certain issues, and by that change you entirely.
As far as investing is concerned, I found my role models in Buffett, Munger, and Prof. The idea is to never stop looking, as role models can be great people who left much behind them for you to follow. But I could certainly follow his example. What impressed me most about him that day was not just his mental firepower, but the fact that he lived in a way that was totally congruent with his own nature.
Nothing seemed to be misaligned. He had evidently spent his life trying to be true to himself. This became my own goal: not to be Warren Buffett, but to become a more authentic version of myself. As he had taught me, the path to true success is through authenticity.
Authenticity is something no investing book can ever teach you. Honestly accepting mistakes and learning from them is one of the ways to cultivate authenticity as an investor. Creating an investment process that suits your temperament — and not one that blindly copies other investors — is another.The idea is to never stop looking, as role models can be great people who left much behind them for you to follow.
This book traces the arc of a transformation. But it started to feel really good, and I became addicted to the positive emotions that this activity stirred in me. Spier's book and play by your own rules. The answer lies in value investing. If you ask people around you to tell you the safest way to success, they will tell you that you should attend an elite school, that will give you all the knowledge you need.
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Get to Know Us. What's amazing about Graham, Buffett, Pabrai, Spiers, Dremen, Klarman, Watsa, Greenblatt, Gaynor, Einhorn and all the other great value investors is that they each publicly lay out their approach in detail usually updated quarterly or annually , they each announce their specific holdings on 13fs each quarter and they each consistently beat the market by a wide margin and for long periods of time.
Creating an investment process that suits your temperament — and not one that blindly copies other investors — is another. A must read!