Guy Spier on Investing and Life (TIP414)

[@SuperiorNorth]

Great interview! Loved listening to Guy's authentic and honest take on investing and life. Thanks Stig for setting this up!

[@AS-iu3pl]

Guy, hats off to you for pushing this community forward to explore more and think outside the box. Super helpful - the message is there for the taking; now it's for the rest of you to digest this and dare.

[@M3W3]

First time listen to Guy …. What a wise and humble man… absolutely love this interview and has been saving it in my folder. Thank you so much for the great content

[@macfin4862]

I'm amazed at how good this interview is and how much depth there is to Guy. I read his book and thought it was pretty good but not great, but listening to him here it's great to hear how he thinks about anything and everything. Think I'll have to re visit his book. Terrific interview, you're definitely one of the good guys Guy.

[@TheInvestorsPodcastNetwork]

Thank you, Guy Spier, for educating our audience about life and business. Your authenticity is an example to follow. - Stig Hey guys, what are your key takeaways from this episode? IMPORTANT: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor’s Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!

[@markopolo9470]

Thank You for creating such a inspirational content, and for always having persistence to persuade such a interesting guests for Your show!

[@chivasowle286]

30:00 but how do you determine the intrinsic value of any cryptocurrency? How can it be value investing if you can’t value the asset?

[@nobobonobo]

Depends on the type of crypto currency but you could look at the fees charged for transactions on the network and what percentage of that goes to holders of said crypto.

[@dipankar06]

You can also look at use-case today and (dubiously) extrapolate that in the future An example of would be BTC as digital store of value. If the BTC nework remains resilient and adoption more or less continues on its current path, you can arrive at ways to value the network. In fact, you can create a whole spectrum of scenarios for valuation An interesting question to think about in a favorable scenario for BTC - what should be the monetary premium of gold (stateless money) if it could be verifiably transferred on the internet, anywhere at anytime, with low fees and little/no cost of custody?

[@investingbookhighlights5007]

I'm always struck by Guy's wisdom and down to earth nature, such a pleasure to listen to. Thanks Stig. 🙂 👍

[@robwolfe6120]

It's amazing these interviews are free. Thanks guys. One correction about Nancy Kerrigan... Her rival was Tanya Harding, and the incident involved Tanya or someone in her party hiring a hitman of sorts who clubbed Nancy in the knee (Tany did not stab Nancy) prior to a competition to take her out of the running.

[@cv0669]

i had to rewind that part because I was like wait...

[@PickingNuggets]

Love the talk ❤️

[@matthewdavies7320]

Thanks for the interview. Thought the discussion on authenticity and venerability particularly interesting.

[@fedegqp4727]

So much love in this interview :)

[@pareshpatel2642]

Guy listened to a lot of your interviews did not know you had passion for red wine. Which one is favorite?

[@stevenoliver9728]

Great interview! I wish him much success and many bitcoins. 😁

[@bathabilengubane4394]

Brilliant interview

[@fdortely]

I have to disagree with the struggle statement. I believe it’s about finding the challenge that means something, not a struggle. There’s is no triumph in struggles because it is ongoing. But challenges are have successes and failures. Struggles are not chosen they come random. Challenges are chosen.

[@francescoguarnacciaresults2121]

That was a really valuable and inspiring listening.

[@TheInvestorsPodcastNetwork]

So glad you found it valuable!

[@marcoaraujo4771]

I am a taxi driver ;)

[@siddrishistudio]

Good ep :)

[@JD-im4wu]

I love Guy Spier, 1 of my fav investors. I disagree with Munger on Alibaba but I agree with him on Bitcoins.

[@yuva]

Curious to know why you disagree with Munger on Alibaba. It's a top position for me at the moment and am always looking for a solid bear thesis to counter my long term bull thesis.

[@kalleenkelmann8055]

@@yuva I second that. The only bear thesis that I've found goes somethong like "China is rat poison squared" and no further. I'd love to hear a serious bear thesis by a smart person!

[@nobobonobo]

@@yuva Chinese accounting standards are notoriously bad, Alibaba has limited appeal in western markets, the corporate structure gives you very little rights and the company potentially faces serious political risks

[@yuva]

@@nobobonobo regarding accounting standards, one can make similar arguments about Wirecard right? Is that really a good enough reason to disregard an investment in Alibaba? You make a good point about ownership structure, but it's less of an issue by owning the Hong Kong shares. I would avoid the ADR for sure. Then again, one can argue that the HK shares are VIE anyway and that means one really should avoid Alibaba by that measure alone. We all make investment choices based on risk appetite and analysis of an underlying business. Having this argument about one stock Vs another is somewhat pointless if we aren't ready to go into a long enough analysis. My gripe is that most commentary is surface level at best. Alibaba is quite a divisive stock and I don't expect everyone to agree / disagree that's it's a good long term hold until after the fact. Kind of like Tesla in 2018 and Amazon in 2002.

[@JD-im4wu]

I don't believe investing in a communist authoritarian govt ruled company is a long-term good idea. I have thought so back when Alibaba was at its peak and everyone called me stupid for not investing with them... There are many many many reasons why its a bad idea but I think this is the root of the problem. The same thing Munger views as a strength I view as a weakness. I don't trust China at all and neither should you therefore I can not trust companies ruled under China. Way too risky for me and way too many red flags. Shorting might be a better idea imho. But I don't short either.

[@jesuisrobert808]

A lot of wisdom there

[@TheInvestorsPodcastNetwork]

Thank you so much, Robert!

[@stevemarsh7463]

If your going to put up one picture don't block it with your head or even things out with pictures to the left and right.

[@vitolazlo5767]

I just love the real thing.

[@davidwilson9976]

The smart people are investing in crypto comment made me cringe. A lot of smart people do dumb things. Newton spent a lot of time trying to turn lead into gold. Newton lost a fortune in the South Seas bubble.

[@AS-iu3pl]

Keep those blinkers on.

[@alexoolau]

Guy Spier's problem is having too many smart friends, which prevent him to be independent thinker. Also he is too emotional. "Group decisions - my perhaps jaundiced view is that it is close to impossible for outstanding investment management to come from a group of any size with all parties really participating in decisions" - Warren Buffett. "The degree of one's emotion varies inversely with one's knowledge of the facts - the less you know, the hotter you get." - Bertrand Russell. "You can't do well in investing unless you think independently" - Warren Buffett.

[@m4ckm4n59]

Goodness Guy start thinking for yourself. Like seriously why are you still going on about WB and CM. I get that they are very special against the bulk of society but they are not as special as you are to you. So anyone else out there reading this. Brake your programming and think for yourself - might take a year or two. Start asap. see ya :) Edit: I'd gladly share a bottle of red wine with Guy just to be clear.

[@jonathanmichaels8331]

So Guy is a very smart investor and his book is worth a read. However be cautious as Guy is a typical snake. He’ll give you snippets of basic information however the real information he’ll never reveal. You’ll need to read between the lines or he’ll end up leading you on a wild goose chase.