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What I Didn’t Like About Education of a Value Investor
For example, he looks for primary sources first (no talking to management), only checking stock prices once a week (to decrease noise), and not talking about current investments to people (especially journalists) because it might cloud his decision making. It makes me feel better about my napping during the day with two young kids.įinally, he shares an investment checklist and process of sorts when selecting a business to invest in. Guy Spier also shares about his tour of Warren Buffett’s Kiewit plaza office, where he writes that Warren Buffett has an area of his office where he can take a nap. The other thing I liked about this book was that he shares in detail the lunch with Warren Buffett. I follow him on Twitter and enjoy watching his road biking videos in addition to his investment opinions, haha. From reading this book, I like Mohnish Pabrai even more. I also didn’t realize how Guy Spier was such good friends with Mohnish Pabrai. The rest is history and this is how his value investing journey began. This book was great, I really enjoyed it too, and liked it better than The Snowball. This is similar to how my husband bumped into Mohnish Pabrai in the bathroom at the Daily Journey Annual General Meeting a few years back.Īfter reading The Making of an American Capitalist, he became a Warren Buffett convert and disciple. He also bumped into Warren Buffett in the bathroom. There was an excerpt in the book that was interesting, he had the opportunity to hear Warren Buffett speak in school but he didn’t pay any attention at the time because he was busy courting someone in the class. I really liked how The Education of a Value Investor was based on Guy Spier’s own journey with investing and how he candidly shares his thoughts and what he learned throughout his journey on his path towards investing enlightenment. Guy Spier also shares the mistakes that he made being at the helm of his Aquamarine Fund, including how he structured the fund, what his thoughts were during the 2008 crisis (and how much his fund was down) and how he managed it, and investing in the Tupperware company! What I Liked About Education of a Value Investor For example, if he didn’t write a thank you note to Mohnish Pabrai for giving a great talk, he wouldn’t have developed a life long friend and he wouldn’t have been able to have that unforgettable lunch with Warren Buffett. He shares the life changing and serendipitous impact that small efforts such as writing thank you notes are to your life and how we all just want to connect with others and learn from others. It also highlights the transformation when you realize that giving to others is more important than receiving in the investing world.
#THE DHANDHO INVESTOR SUMMARY HOW TO#
This book isn’t about how to invest, but it is more about Guy Spier’s journey from a young optimistic, and possibly arrogant, investment banker on Wall Street to a humble investor who is more careful about what he is exposed to in terms of investment information. The Education of a Value Investor was published in 2014. He used to be an investment banker from New York, he is well educated, with a MBA from Harvard Business School and a degree from Oxford University. Guy Spier launched the fund with $15 million in assets under management in 1997. He emulates his investments based on Warren Buffett style investing, focusing on using no debt, and focusing on businesses that have good management and good cash flow. Guy Spier is an investor based out of Zurich and he runs the Aquamarine Fund. For some reason, I had the impression that he seemed arrogant? All I knew was that he went in on a deal with Mohnish Pabrai (he wrote The Dhandho Investor and turned $30,000 to $60 million in 20 years) to pay over $650,000 to have lunch with Warren Buffett. I didn’t know much about Guy Spier before reading this book. Here’s my The Education of a Value Investor book review. To be honest, I had no expectations for this book, and I was pleasantly blown away. The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment, written by Guy Spier was one of the investing related books that I wanted to read for 2021.