Guy Spier Adds A New Checklist Item

Replay: Ask-Me-Anything Session With Guy Spier


We had the pleasure of hosting a live online Q&A with value superinvestor Guy Spier in late August. With registrations at maximum capacity of 1,000 people more than a week before the call, Guy was able to get through only a small subset of the many insightful questions asked of him. The one-hour Q&A session ended up lasting nearly two hours.

Get The Full Walter Schloss Series in PDF

Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

We respect your email privacy

Via Beyond Proxy

 

Replay: Ask-Me-Anything Session With Guy Spier

A few highlights:

Don’t get spooked by headline news: “When it comes to which emerging market I like from a macro perspective, Indonesia is really interesting given what’s happened, but I just spent a lot of time in Mexico, the first six months of this year, and despite a lot of problems that Mexico has, it’s on the right path. There’s another thing that happens: For example, Brazil is suffering right now, but one of the things that happens is when people get richer and people, they tend to be more willing to focus on the negatives in their economy and their country. That gets reported in the news and there’s a bit more of a negative spin on that country. The best thing to do is to ignore a lot of that stuff.”

Keep your eyes on what matters: “If you’re landing an airplane… you have to keep your eye on the horizon and let the ground come up in your peripheral vision and fly the plane as you land it. If you look over to see where the ground is, the plane will roll. The plane goes where your eyes go and so the key in investing is to keep our eyes on the lookout for great businesses at discounted prices to survey the portfolio, but without getting into a deep dive or unbalanced dive on something that could lead us to get spooked out of the investment because often some of the investments that work really well have got hairy stuff associated with them.”

“Steal” ideas from smart investors: “The fact that an idea has passed somebody else’s filter is a great positive. It took me a long time to learn that the ‘not invented here’ syndrome is very bad when it comes to investing. You really want to buy the ideas that have been vetted by other people if you can. It’s a much better way to invest.”

See full article here.

Get The Full Seth Klarman Series in PDF

Get the entire 10-part series on Seth Klarman in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

We respect your email privacy

Replay: Ask-Me-Anything Session With Guy Spier

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted & limited time offer for being a sophisticated and loyal reader.

ValueWalkPremium is a website and newsletter on the latest industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 4/30/2020 or after the next 40 subscribers take advantage whichever comes first – please do not share this discount with others

 

0