TIP735: Compounding with Character w/ Guy Spier

TIP735:与盖·斯皮尔探讨“人格化”投资

We Study Billionaires - The Investor’s Podcast Network

2025-07-06

2 小时 11 分钟
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单集简介 ...

In this episode, Stig Brodersen speaks with Guy Spier who has outperformed the S&P 500 since 1997, with a 9.6% vs. 8.8% CAGR. They explore why Guy invested in The Economist, and how friendships, service, and living by an inner scorecard guide his life and investment philosophy. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:27 - Why Guy Spier decided to invest in The Economist. 13:16 - How Guy is living by his inner scorecard. 55:16 - Why friendships are there for a reason, a season, or a lifetime. 55:16 - How does Guy invest in friendships? 01:09:03 - How to facilitate thoughtful conversations with friends. 01:22:03 - How do you seek wisdom? 01:44:04 - How do you identify how to best be of service? 01:57:43 - What money can and can’t buy you. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Stig’s interview with Guy Spier about his track record and risk. Stig’s interview with Guy Spier about investing and life. Stig and Preston’s interview with Guy Spier on his book, The Education of a Value Investor. Stig and Preston’s interview with Guy Spier about his lunch with Warren Buffett.  Guy Spier’s book, The Education of a Value Investor – Read reviews of the book. Subscribe to Guy Spier’s Free Newsletter. Guy Spier’s podcast and website. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠sponsors⁠⁠: ⁠SimpleMining⁠⁠ ⁠⁠AnchorWatch⁠⁠ ⁠⁠Human Rights Foundation⁠⁠ ⁠⁠Onramp⁠⁠ ⁠⁠Superhero Leadership⁠⁠ ⁠⁠Unchained⁠⁠ ⁠⁠Vanta⁠⁠ ⁠⁠Shopify⁠ HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠rating and review⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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单集文稿 ...

  • You're listening to TIP. Guy Speer is more than an investor.

  • He's a teacher, a philosopher, and student of life.

  • Since founding the Acrimine Fund in 1997,

  • he outperformed the S&P 500 by investing not just with his head, but with his heart.

  • In this wide-ranging episode, you'll learn why Guy Speer invested in The Economist,

  • how Guy builds meaningful relationships,

  • and how he navigates a world where money has limits and character has none.

  • This was one of the most thoughtful and enriching conversations I ever had on the show,

  • and I hope you will enjoy the exploration as much as I did.

  • You're listening to The Investor's Podcast.

  • I'm your host, Stig Brodersen,

  • and I am here today with one of the most revered investors in the value investing community,

  • Guy Spear.

  • Guy, how are you today?

  • I'm alive, as I say now these days.

  • I'm glad to be alive.

  • I'm glad to be on a podcast with you.

  • As you know, Stig, I'm in a relatively remote location,

  • and I was super frustrated about the internet connection.

  • I want everybody to know that Stig has the patience of an elephant.