Guy Spier - The Education of A Value Investor

Last week, we got the chance to talk with Guy Spier, head of the Aquamarine Fund and author of the book The Education of a Value Investor. We had an amazing time with Guy, a brilliant value investor and a fantastic human being, and we hope you enjoy the interview!
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[@giuseppeo77]

Loved the "interview", although it was more of a conversation among the three of you which was great!...I've seen other Guy Spier's Interviews and I have loved them all but I got to see another side of Guy in this one, kind of more personal and laid back which was also interesting. He is a very good conversationalist who knows how to listen to the people he is speaking with. I understand Paul's passionate and quick of mind way of being but sometimes he's got to rein in a little bit and let the other speaker finish his idea/sentence like for instance at 1:53:18...It's just a suggestion and no harm done really and again I understand Paul because I tend to do the same sometimes and trying to improve that on myself...I enjoyed the whole 3 plus hours of interesting chat...Thank you guys for sharing! 😉

[@Riggsnic_co]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[@CraigChap_6898]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@maga_zineng7810]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

[@kevinmarten]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@maga_zineng7810]

Natalie Lynn Fisk is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@kevinmarten]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@jacksavory1286]

Boy, this was painful. Paul is a complete narcissist. It’s all about him! It’s sad to see a grown man so insecure and yearning for approval/validation in his life. These “interviews” would certainly benefit from Mo taking the reins in being the one to pose questions-at least then we’d hear from the guests and it wouldn’t be a segment that’s 80% Paul desperately trying to pump up his ego.

[@Drachwill]

Take a shot every time Paul talks about his older finance 🤣

[@Diabolica843]

He doesnt really like Mo talking

[@realanalysis42]

"Paul is a complete narcissist. It’s all about him! It’s sad to see a grown man so insecure and yearning for approval/validation in his life." I agree with you completely, but from my experience, these are the types of people that usually succeed in life. Insecurity is one heck of a motivation for a lot of people. Most people would be content with $5 million, but to people like Paul, it doesn't even register and they probably consider $5 million "not enough."

[@kielbasafingers3212]

This was not much of an interview. But more a round table discussion. Which I enjoyed. It was really cool to see everyone get a little more personal. I definitely would like to see more round table discussions with more people I respect. Good job guys.

[@EverythingMoney]

Glad you liked it

[@NY-wu7ji]

Discussion between a value investor and a gambler

[@pellemus100]

I've properly heard all guy Spier's interviews, and many of them are kind of similar. But you really got a god conversation going in the end, thank you for that:) Guy Spier is a hero of mine and I was kind of embarrassed by how much he got interrupted by Paul who came across like a huge asshole. But you managed to turn it around and I feel like I really got something unique and genuine from this. I never thought I would ever praise this channel, but you did very well with this. thank you so much!

[@dm9392]

No offense but this is not an interview. Paul loves to hear himself talk "listen to me I'm so smart, I'm a contrarian". Man, let Guy Spier talk.

[@EverythingMoney]

Okay...we certainly enjoyed it and everybody else seems to appreciate the interview. Thanks for the visit - GC

[@abcd108923]

Kinda agree. Not really an interview but more like a philosophical discussion between Paul and Guy. Still enjoyable. But personally I like the interview with Mohnish Pabrai or Aswath Damodaran in this channel from where I can learn about investing more. But anyway thanks EM for bringing good content!

[@michaelswami]

100% agree. Mr. Moderator, every interview EM does goes just like that.

[@michaelswami]

@@Yaboynonymous did you ever think that you could cease validating this effort by Paul to prove he is always the smartest guy in the room, despite it being demonstrably false?

[@michaelswami]

@@Yaboynonymous I always try to listen, hoping they have reformed. Never seems to work.

[@damssen3234]

I learned so much about paul and his fiance today

[@EverythingMoney]

Oh yeah...we all did...this interview is a fountaine of knowledge. Thanks for sharing - GC

[@christophersummerson7164]

Paul saying he built a stupid monstrosity then quickly changing his tune when reminded he sold it to Mo - classic case of talking before thinking. Hahahahhaha what a divy. 😂

[@damssen3234]

gold

[@matthewmck8530]

The purpose of an interview is to hear from the guest…not the host

[@Snippets-of-Mendi]

I was super busy with work when this video came out so I added to my watch later list and I'm so happy I finally was able to carve out the 3+ hours to watch it. I've been a big fan of Guy's for so long (made my day to meet him at the Berkshire meeting last year and have him sign my book). I have consumed so many of his interviews so it was a fun change of pace to get away from investing and get to know you him more on a personal level. Guy, please come back for more. Paul, I signed up for your software at the $8 level and was around for the early part of your break from Lisa so I have been personally invested in watching you guys get back together and watching the evolution of your relationship and your outlook in general change over the years. Though all your crass talk way back when, I could tell you still loved her so I'm really happy for you guys. ❤

[@michaelswami]

Paul talking 1 hour 45 mins. Mo talking 20 mins. Guy talking 1 hour 20 mins.

[@EverythingMoney]

Thanks for the division .AP

[@michaelswami]

@@EverythingMoney third smartest guy in the room (at best) hogging the conversation.

[@fosterito]

This is pure gold! I love the tone of the conversation as it allows Guy to explain his approach and ideas. Well done guys

[@DixieTrixx.]

This was great. Hearing Guy talk wisdom is refreshing. I enjoyed all 3 plus hours of it.

[@florenceclark8847]

Honestly the truth about trading is that you can't learn from just watching a youtube video. If you truly want to learn trading, then you need a financial expert or an advisor to help you out. So you won't lose most of your funds like i did in my early stage.

[@thomaswinifred387]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@alexvindman8475]

I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on business week, who restructured my portfolio and over the last couple years, I've made over $650k from initially $210k.

[@clintonfred381]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us..

[@alexvindman8475]

There are a lot of independent advisors you might look into. But i work with Thomas Rodriguez and I have been working together for nearly four years, and he is excellent. You could proceed with him if he satisfies your discretion. I endorse him🎉

[@alexvindman8475]

He is active on télégram's with..

[@rudolflibert9235]

Thank you guys for bringing up the best in Mr. Spier. This is by far one of his best interviews. You've pushed all of the right buttons. Congrats!

[@wvvpag]

super enjoyable interview. i didnt know much about Guy but he has an amazing vibe. :)

[@christopherfairhurst978]

Paul: “That’s enough about me, let’s talk about me.” Guy: “Hahahaha [you’re such a dick]”

[@johnmcquaid7524]

Enjoyed this conversation among all three presenters. Thank-you!

[@dustins5909]

Paul, most of your subscribers are here because we enjoy your content. But when you have a guest please make the show all about them. When your guest is telling a sad story about a friend who became a quadriplegic (1:53:00) that's not a time to jump in about your fiancé sisters death. This isn't a competition on tradegy it's about letting your guest complete a story and thought. Guy wasn't finished with his thoughts. Your 57 year old self will understand and wish you could tell your current 42 year old self to listen more.

[@leechoonyau]

Looks like a living room fireside chit chat among new friends to get to know each other better. Appreciate the generous sharing of lives experiences and including us too. Thanks Guy and EM for the selfless three and a quarter hour of your life. 😊 The best investment of one’s life is your spouse. A happy wife is a happy life 😂

[@ta-shunanderson5444]

Great interview. I've been following you fellas for about 2 months now and appreciate the straight to the point content. This interview was especially valuable when discussing time, the importance of experiences, and enjoying the fun in life. Cheers fellas.

[@joachimart]

Thank you for this! Very entertaining and fun to listen to what EM and Guy Spier enjoys in life.

[@dattaamitabh]

You guys did a fantastic job with this - just seems some friends sitting around getting to know one another, sharing life and investing perspective. Got a side of Guy out that isnt out there.

[@steviethom]

Love this discussion need more of these. Find out so much from a relaxed environment. Well done guys. Need to hear more from Mo aswell. Get more of these done

[@yankeedoodle6293]

Please stop interrupting. Geezzzzz

[@EverythingMoney]

Thanks for the feedback .AP

[@nishantkohli7833]

Hey Paul, big fan. Quick question I always ask myself when watching your episodes: Do you only dollar cost average on the way down or do you do monthly buys no matter what? I buy my ETFs on a bi weekly basis but tend to only buy individual stocks when they fall. Thanks in advance

[@eljefededr]

Did not get much for investing out of this, will watch again. Very wholistic.

[@EverythingMoney]

Thanks for the comment , a re watch will help you a lot to absorb so much info .AP

[@JayKay9112000]

Lots of advice. Stay in the market even when you make ‘mistakes’, don’t focus only on making money but enjoy your life, find a process that works for you and don’t panic when the market is down and don’t FOMO when the market is flying high. The most important lesson in my opinion is that you don’t have to be special to be successful in the market; anyone can do it.

[@rhendrick78]

Only 10min into in the interview and it is great! Looking forward to this one.

[@EverythingMoney]

Great interview...thanks for following us - GC

[@jametti3141]

I’ve been investing forever and have read many books, but Guys book, in particular, changed my own ideas on both investment and lifestyle choices.

[@rainleguarda3379]

that was an awesome conversation. I enjoyed all 3 hours of it. Thank you guys!

[@felixfoucher-paquin3171]

I love how fun the discussion was rather than an interview! Very nice. Have a good day!

[@kayok07]

I read the book it's actually good it helps you get into the mindset of investing in individual stocks

[@35INHUMAN]

I went through the same thing . I’m currently investing in ETF’s and notice the volatility is not as high as individual stocks. Plus, some are actively managed so I imagine that would help in a down market. Just my opinion so I wish you the best.

[@mattjensen3499]

Could we have timestamps please?

[@nicklarmore1746]

Can’t wait for Guy’s next book, “Is God Smiling at You?”

[@EverythingMoney]

Absolutely....Thanks for following us - GC

[@eliasraposo327]

this is a great great vid!

[@EverythingMoney]

Glad you enjoyed it.

[@jadam42]

Loved the off track chess talk ♟️

[@77magicbus]

Interesting. I like Guy. Looking forward to the book.

[@VinayKumar-zg8oj]

Great stuff. Loved Guy’s thoughts and opinions🙌

[@EverythingMoney]

Thanks for the comment and watching the video ! AP

[@redditreader5509]

So can we have a video reviewing some of the best luxury brands and share price valuations / buys? Eg LVMH

[@franke4391]

Enjoyed listening!

[@JustInvestToday]

Dope interview

[@SolityWisdom]

Absolutely loving all the chess talk Paul! This is turning out to be one the greatest value investing interviews of all time. Thanks Everything Money!

[@EverythingMoney]

Glad you enjoy it!AP

[@davidbumpstead9833]

Guy mentions Piquadro .... my 10 year old Piquadro laptop bag chill in car still going strong .... why have i never thought to look into this company 😅 I'll have to start having a look now.

[@dolcefarniente2702]

Great interview!!!

[@ericrufranojr.1025]

You guys nailed it man. Awesome content and great interview!

[@EverythingMoney]

More to come! Glad you enjoyed it - GC

[@hugowells656]

Well er... Was a great interview of Paul 😅

[@darioleal1110]

One of the best interviews. I have learned a lot from this video. Great Job Everything Money team.

[@EverythingMoney]

Glad you enjoyed it!

[@focusrelax8838]

Do they talk about tesla here? If yea when? Please someone?

[@sunlitey2765]

After valuing a stock for potential up near/mid/long term then buy it and just put a stop loss and sleep well on it? :)

[@baharnarayan62]

Funny to see a Dave Ramsey quote at 56:20 hahahah

[@Practitionher]

"If it were to happen again, it would be easier." Even at your current age, you could wait the market out with ease ? Is that because you have other safer reserves / assets?

[@krislimpus]

Great video.. hope you guys really lean into the long format podcast setup. Got a big enough platform to get awesome guests.. looking forward to more of these.

[@EverythingMoney]

More will come ! AP

[@DG12]

I,I,I,I, my,my,my,my,me,me,me,me,mine,mine,mine,mine…..

[@angelocruz4933]

Thank you i learned a lot! 😊

[@PeteBuchwald]

Not at all what I was expecting,. Nonetheless I found this conversation very interesting and helpful.

[@ericmwilkens]

Sorry guys I can't watch this interview right now because my frozen turkey from Alibaba just got here. Haha just kidding this is a great video and channel! Happy Holiday's to EM!

[@R3tr0v1ru5]

Paul can't even admit he is wrong on MSFT.

[@jacksonsoundcloud]

Golden.

[@jaanliitmae6599]

Time flew by, thx!

[@EverythingMoney]

Thanks hope you enjoyed it ! AP

[@valerieleanza8411]

Humble yourself Paul

[@Historyteacheraz]

Guy’s book is great! A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the key investment principles for stock market success.

[@cricbuzz1123]

I think its more like Paul's show. You hear about me and then if time permits i will hear about you. Moe is just polar opposite. But this gives a peak into different personalities.

[@luisfernandosantosmora1000]

Paul is a 70 year old trapped in a 40 something year old body

[@pgabrail]

42 :-) ha. My fiance says im either 13 years old or 80 years old

[@theintelligentcompounder]

1:18… he’s talking about you Paul

[@kunverjihirani276]

Sorry …. who is interviewing who? 🤣 … I’m confused … who is the guest?

[@cl6757]

Would have been nice to here from Mo…..Paul

[@yankeedoodle6293]

Thank you guys. Really appreciated this 👍

[@EverythingMoney]

Our pleasure! - GC

[@dbanka471]

I really enjoyed this interview- and learned a lot….it was a different type of interview for sure…i have read the book..it was very good..on a personal level Guy is thoughtful and insightful….now the revelations relating to your youtube channel , I’m not sure that after watching and listening to this interview while enjoyable as it was--learning more about and to seeing the “real folks “ behind everything money..the discussion of luxury goods, travel and watches wasn’t inspiring but more of a turn off- it came off as a bit snobby and elitist….like the the Paul in high school -not my cup of tea so to speak

[@silverbullitt24]

Is that a Garmin Fénix on Guy’s wrist?

[@EverythingMoney]

I wouldn't know my man... Both and Paul are very much into to watches as you heard from the interview. Thanks for following us - GC

[@DUBLL100]

Aw man that clock is broken in the back ground!

[@EverythingMoney]

Swiss time - 😉GC

[@mimmonobile2503]

I love your channel, but you wasted an opportunity here with Guy Spier talking about watches and stuff

[@ivanhvg]

I'm on my third attempt to try and end watching this "interview" but just can't stand Paul not letting Guy end His interventions.

[@wannaknowbad]

Thank you ETM AND Guy Spiers.

[@EverythingMoney]

You are welcome my man....glad you enjoyed it- GC

[@DiegoEsteban1910]

Aguante Milei!

[@Pereszczako]

Was this interview supposed to be about wives an fiances or it just happened this way?

[@THAOpeacockcichlids]

Great interview

[@EverythingMoney]

Beuatiful...absolutely and totally entertaining. Thanks for the note - GC

[@MrCampbellambulus]

Dodoma is the capital of Tanzania

[@suslowzzz]

Jeeeeeasus he steamrolled that dude

[@dancingdiamondsjewellersltd]

The guy himself 📃🖊✅💎🔥

[@EverythingMoney]

Top man...top investor - GC

[@CatandKenneth]

More interviews like this. The mindset behind multi millionaires is far more important than ‘what stock to buy’ type of interviews. Love this

[@valerieleanza8411]

Paul has the napoleon complex

[@JD-im4wu]

thumbed up!

[@EverythingMoney]

1 Love - GC

[@murats9679]

Paul is fake, sometimes😂

[@EverythingMoney]

We love Paul...one in a million 😉- GC

[@leandrokim5199]

ikigai

[@EverythingMoney]

Absolutely my man...thanks for following us - GC

[@Htrader415]

3 hours of pure pleasure😃

[@EverythingMoney]

Great stuff...glad you enjoyed it- GC

[@valerieleanza8411]

Paul needs to listen twice as much as talks......

[@JJ-zo8sh]

Simon Jordan’s cousin

[@eshahn4415]

Jesus, Paul’s small man syndrome manifests itself in the form of him bragging about his accomplishments the entire time. We got the point about your businesses, real estate, etc.

[@eshaansangodkar7534]

It feels like i know a lot of Pauls fiancé

[@ZelenoJabko]

Eat LIVE frog, not dead frog. LOL

[@JD-im4wu]

...still watching

[@EverythingMoney]

Enjoy it - GC

[@TomBTerrific]

Im deep in Disney and was down big time until recently. Im holding Disney till I die. Your other two likes don’t interest me.

[@Notnilc]

I just wanna make enough to buy myself a fisher ocean! $5 here we come!

[@macfin4862]

I like Spier but i found his book pretty average.

[@jamesemslie2041]

Came here for Guy Spier as a value investor, but unfortunately this discussion quickly became about all of the wrong values: justifying expensive watches, Ferraris, private aeroplane travel, and Birkin bags. I'm sorry but the only reason that someone wants a $25,000 handbag (which costs 30x less than that to manufacture by the way) is to signal their status as being more successful or 'elite' than others -- if you can't admit that, then you're lying to yourself. Luxury brand marketing is based on appealing to the ego (i.e. terminology like 'exclusivity', 'legacy', 'dynasty,' etc). All this excess has very little to do with an 'inner scorecard' and is actually rather disappointing. Paul needs to learn to talk less and actually listen to his guests.

[@christianb.3293]

Paul speaks way too much :-)

[@valuations520]

1st hour somewhat on topic and interesting. Rest of time: rich people talking about their envy issues and how to pee away money on rich people things and what "really" matters to people that have no material concern. Unbearable.

[@MaxMustermann-yj1wz]

Maybe pick the video apart and post some highlights next time. I bet 90 percent here are not watching the whole thing 😮

[@x8XdrjayX8x]

I watched

[@EverythingMoney]

We were already be putting out other pieces of contact for this. But the full thing got released today so that it’s out there for for the most dedicated part of our audience that will watch or listen to majority of it

[@EverythingMoney]

Awesome

[@terrymurray7120]

I am watching the whole thing. Look at it like taking a college class

[@josevillarrubia170]

You can watch it at 1.2x as well to take some time off

[@granitemannh]

This was an obnoxious conversation. Multiple homes, fancy cars and handbags, private jets. Top 1% type of talk. Very shallow. They should be embarassed.