Guy Spier: "The Education of a Value Investor" | Talks at Google



The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment About the Book: What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder. Spier’s journey is similar to the thousands that flock to Wall Street every year with their shiny new diplomas, aiming to be King of Wall Street. Yet what Guy realized just in the nick of time was that the King really lived 1,500 miles away in Omaha, Nebraska. Spier determinedly set out to create a new career in his own way. Along the way he learned some powerful lessons which include: why the right mentors and partners are critical to long term success on Wall Street; why a top-notch education can sometimes get in the way of your success; that real learning doesn’t begin until you are on your own; and how the best lessons from Warren Buffett have less to do with investing and more to do with being true to yourself. Spier also reveals some of his own winning investment strategies, detailing deals that were winners but also what he learned from deals that went south. Part memoir, part Wall Street advice, and part how-to, Guy Spier takes readers on a ride through Wall Street but more importantly provides those that want to take a different path with the insight, guidance, and inspiration they need to carve out their own definition of success. About the author: Guy Spier is a Zurich based investor. In June 2007 he made headlines by bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett. Since 1997 he has managed Aquamarine Fund, an investment partnership inspired by, and styled after the original 1950′s Buffett partnerships. Prior to starting Aquamarine Fund, Spier worked as an investment banker in New York, and as a management consultant in London and Paris. Mr. Spier completed his MBA at the Harvard Business School, class of 1993, and holds a First Class degree in PPE (Politics, Philosophy and Economics) from Oxford University. Upon graduating, he was co-awarded the George Webb Medley prize for the best performance in that year in Economics. While at Oxford he was a contemporary of David Cameron at Brasenose and attended economics tutorials with him. Spier is the CEO of the Spier family office. He also serves on the advisory board of Horasis, and is a co-host of TEDxZurich. Spier is a member of YPO, EO, Zurich Minds and the Latticework Club. Aquamarine has offices in New York, London and Zurich where Mr. Spier currently resides with his wife Lory and their three children, Eva, Isaac and Sarah.

Comments

  1. The talk is more valauble to life than to invstements.. I liked it
  2. 3 Ideas to take away: 10:22
    Checklist for Investing: 28:04
  3. Fabulous book.
  4. I thought it's about investing 👎
  5. Good God just tell me about value investing I couldn't give a shit about Gandhi you rambling dickhead
  6. outer world and inner would should be same.
  7. buying the future is not a good things to do. it does not often turn on that way.
  8. vangurde index has done the job. pick the right index. how they are constructed is important. S&p or dowzone index.
  9. try not to trade when the market is open . decide at night what you gonna do then put the order . decide in the quite moments.
  10. in the middle of the range i am trying to minimize the transactional costs.
  11. you cant know about a business 100%. sso you can say it is probably under valued at $50 or it is probably over valued at $200. and in the middle of the range i am dealing with uncertainty. so i can increase my probability of my success.
  12. i can not predict the market in the short run about the market. if see something i like i invest and if i dont see somthing which i like i build the cash.
  13. cash level should be in the portfolio-- there is no answer.
  14. whenever i looked for an answer outside of my self i dont get a good answer. the minute i look for an answer inside myself the world change.
  15. sell me the information and i evaluate and make a decision. i dont buy on sale speech.
  16. Great investor but his mind is still full of pseudoscience bullshit. I learned a lot from his book but hated the parts where he glorifies the scammer "Tony Robbins" and when he reveals his belief in the laws of attraction "The secret".
  17. 5:10 This should have been where you stop watching. He's an unethical man. Him and Pabrai are horrible "investors". I have yet to see either one of them come up with a good, and original investment idea.
  18. Get to the fucking point already!
  19. Guy Spier is just a crook who is trying to capitalize on Buffett success and all that is connected to him.
    His lunch, his book (book was written by another man - Guy paid for it - it is written in the book) everything is just promotion.
    His investments mimic Berkshire portfolio but if you are investor in his fund you actually do much worse than simply investing in Berkshire stock.
    But Guy is glad for this - he collects fees.
    For the last 10 years he doesn't even beat S&P 500.
  20. Excellent talk that dwells upon investing as well as life.


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Rating: 440