Avsnitt
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What Formula 1 racing can teach us about investing.
“It takes a lot of ambition to maximize your wealth over 100 years” - Luca Dellanna
I was introduced to Luca’s work by Guy Spier in our conversation a year and a half ago. I got see Luca in person a few times since, and we recorded by now three episodes of Talking Billions. Given the kind of long-term, patient, disciplined investing that I practice, Luca’s thoughts on long-term games and reproducible success resonate with me and have had a big impact on me. Luca expanded my vocabulary to explain something that I and my clients intuitively understand.
I greatly enjoy every episode of Talking Billions as I’m sure you can easily tell, and I can’t have favorites, but this conversation is up there in my book, so if you can, don’t miss it.
Luca Dellanna is a management advisor focused on increasing revenue through better people and operations management.
After a master’s degree in automotive engineering, Luca spent the first part of his career working for DuPont’s consulting unit in Frankfurt, Germany. There, he focused on managerial excellence projects in a variety of manufacturing industries all across Europe.
He has also published books about management, human behavior, and economics that earned him appearances on the most important conferences and podcasts in his field, Nudgestock and EconTalk, respectively.
Luca writes regularly on Twitter (@DellAnnaLuca).
His personal website is www.luca-dellanna.com
Today, we talk about the different mindsets of short-term versus long-term players.
We talk about how short-term players focus on immediate gains, while long-term players prioritize sustainable growth over time.
We discuss the importance of considering the time horizon in investing and life decisions.
We talk about understanding the impact of time horizon on risk management and the pursuit of wealth.
Luca shares the value of delaying comparison and enjoying the journey in achieving long-term objectives.
We discuss how risk management is not about impeding growth but rather about enabling faster growth by protecting against major risks.
We talk about how long-term strategies should be sustainable, constructive, and inevitable, ensuring a 100% success rate over the long term.
Luca shares that participating in a 'race to the bottom' can lead to sacrificing too much and ultimately losing, even for the winner.
05:00 Short-Term vs. Long-Term Players: A Distinctive Contrast
08:26 Factors Influencing Time Preference: Genetics, Experiences, and Environment
16:13 The Importance of Experiencing Long-Term Benefits for Emotional Solidification
34:16 Navigating Parallel Universes of Success
42:22 The Significance of Delaying Comparison and Enjoying the Journey
53:44 The Relationship Between Risk Management and Growth
01:04:14 Understanding Long-Term Strategies
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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I was a guest on Ben Claremon’s the Compounders Podcast — here is the episode, and episode notes. Thank you so much, Ben!
My guest on the show today is Bogumil Baranowski: author, podcast host and the Founder of Blue Infinitas Capital. Many people may know Bogumil for his excellent podcast, Talking Billions. However, as I turned the microphone around on Bogumil, I was interested in learning about his investment philosophy and approach. In this in-depth conversation, we covered:
The founding inspiration for Blue Infinitas Capital;
What types of clients he hopes to attract to his new firm
The types of companies Bogumil gravitates toward;
The value he derives from writing books; and
How you invest if you have an infinite time horizon;
For more information about Talking Billions Podcast, please visit:
https://www.talkingbillions.co/
Listen to all Compounders Podcast episodes on either Apple or Spotify
iTunes: https://apple.co/3xlUvPY
Spotify: https://spoti.fi/3jxkxLl
All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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Saknas det avsnitt?
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My guest today is Pieter Slegers. He is the writer behind the widely popular newsletter Compounding Quality. He lives in Belgium, and used to work for a Belgian Asset Manager. His hobbies are running (he ran his first marathon last year), lifting weights and reading books. Pieter is a co-author with Luc Kroeze of a recently published book The Art of Quality Investing: How to Invest in the Best Companies in the World. It’s Pieter’s second appearance on the show, I highly recommend looking up his earlier episode.
We talk about the importance of simplicity and understanding the business model in quality investing. My guest discusses how quality companies with reinvestment opportunities and pricing power are the most favorable investments. Pieter shares that holding quality stocks for long periods requires patience. We also talk about how growth and pricing power are crucial factors in the long-term success of businesses.
My guest emphasizes that investors should focus on the journey and the potential for long-term returns. We discuss that management's capital allocation skills and alignment of incentives are important factors to consider.
Pieter shares quantitative criteria for evaluating companies, such as a healthy balance sheet, high free cash flow conversion, and attractive growth. We talk about portfolio construction, including position sizing and knowing when to sell stocks. Stay tuned until the end to hear my guest share what we should focus on considering quality investing.
05:00 Introduction and Meeting the Co-Author
14:13 The Importance of Simplicity and Understanding
20:08 The Global Opportunity and Diversification
30:20 The Importance of Growth in Quality Investing
36:33 The Significance of Pricing Power
51:19 The Significance of Management in the Investment Process
01:02:43 Quantitative Criteria for Evaluating Companies
01:06:52 Portfolio Construction and Position Sizing
01:19:58 The Principles and Strategies of Quality Investing
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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My guest today is John Rotonti — in my mind, John is a very diligent, thoughtful, deliberate stock analyst with a great gift for teaching others the necessary skills to analyze and evaluate businesses. He is kind, generous, and always so much fun to talk to. We recorded our first episode together about a year ago; scroll down to find it. It’s a truly wonderful conversation and an opportunity to get to know my guest. Today is John’s second appearance on the show, and we’ll go deeper with a stock picking masterclass delivered by someone I admire and respect.
John graduated from the University of Richmond with a degree in political science. He also holds a Master of Business Administration (MBA) from Tulane University’s Freeman School of Business, where he graduated in the top cohort of his class. In December 2013, he published a book titled "A Manual on Common Stock Investing." Most recently, he was employed by The Motley Fool for nearly 9 years, voluntarily leaving as a level 3 senior equity analyst and Head of Analyst Training and Development. He identifies as a contrarian value investor by nature and due to life circumstances. He has a very successful, and incredibly well produced podcast that I recommend you explore.
In our conversation today, John, emphasizes the importance of focusing on high-quality, growing businesses with strong moats and good management teams.
He suggests maintaining a watchlist of thoroughly researched businesses and waiting for their stock prices to sell off before considering them as investment opportunities.
John recommends getting ideas from a network of investors, reading investor letters, and conducting constant research.
He outlines a quick glance process for evaluating potential investments, which includes assessing the balance sheet, income statement, and cash flow statement.
John advises investing in adaptable businesses with the potential to grow their intrinsic value over time.
Stay tuned until the end, when John clarifies the misinterpretation of Warren Buffett's philosophy and strategy.
Chapters:
05:00 Introduction and Focus on Investments
07:50 Building a Watchlist and Idea Generation
13:33 Buying Opportunities in Market Sell-Offs
16:42 Companies' Ability to Change and Adapt
18:31 Dynamic Nature of Corporate Life Cycles
41:06 Directional Correctness and Holding the Right Businesses
46:13 The Importance of Being Slow to Sell
49:42 Building a Successful Track Record with High-Quality, Profitable Growth Businesses
53:29 The Significance of Avoiding Profitless Companies
1:02:17 The Misinterpretation of Warren Buffett's Philosophy and Strategy
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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Morgan is a singer-songwriter, an author, and the co-founder of Trailhead Planners, a financial planning and wealth management firm serving clients nationally. Morgan lives with his family in Minneapolis, Minnesota.
Morgan is the author of Money with Purpose: Receive the Dividends of an Undivided Financial Life and is an in-demand financial industry writer via his popular newsletter, The Value of Advice.
You can find more information about Morgan and follow his blog at morganranstrom.com
Our mutual good friend Matt Zeigler kindly introduced us, and I’m grateful we connected, and had an opportunity to record.
Today, we talk about money. Morgan emphasizes though that becoming a millionaire should not be the ultimate goal; instead, money should be a means to a more meaningful end.
My guest points out that money plays a role in overall well-being and should not be ignored or underestimated. Shifting from a victim mentality to one of ownership and gratitude is crucial for financial well-being.
Morgan also highlights that the act of creation, such as through music, it’s something that can bring personal fulfillment and leave a lasting legacy.
Money, he suggests, can be used to buy back time and create meaningful experiences.
Legacy and passing on wisdom to future generations is an important aspect of financial planning for him.
Morgan stresses that time is a valuable resource that should be prioritized and used intentionally. He noted that wisdom and experience are valuable assets in entrepreneurship, with many successful entrepreneurs being in their 40s and 50s.
He reminds us that life is long, providing ample time to pursue meaningful things and have meaningful experiences.
Morgan advises letting go of guilt and shame when enjoying life's pleasures and prioritizing self-care.
Stay tuned until the end, when we talk about investing for the future and caring for future generations while setting them up for success.
Chapters:
- 05:00 Introduction and Overlapping Interests
- 13:22 Money as a Means to a More Meaningful End
- 31:54 Shifting from Victim to Gratitude
- 40:21 Money Can Buy Time
- 51:57 Time: A Valuable Resource
- 01:00:25 Investing for Future Beings
- 01:14:04 Defining Success: Virtue, Family, and Creation
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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“True wealth is the ability to underwrite a meaningful life.”
My guest today is Brian Portnoy, CFA, PhD — the Founder of Shaping Wealth.
Brian is one of the world’s leading experts on the psychology of money. He has written multiple bestselling books, including The Geometry of Wealth, and has 20+ years of experience as an investor and educator in the hedge fund and mutual fund industries. He is a CFA Charterholder and earned a PhD at the University of Chicago.
Brian Portnoy discusses the emotional and psychological aspects of money and the pursuit of a meaningful life. He emphasizes the importance of understanding the connection between money and happiness, and how money triggers and amplifies various emotions.
Portnoy introduces the concept of funded contentment, which is the ability to underwrite a meaningful life, and highlights the significance of adaptive simplicity in navigating the overwhelming amount of information and choices. He also explores the four Cs (connection, control, competence, and context) that form the nexus of money and meaning, and how they contribute to a sense of contentment and fulfillment.
The conversation explores the concept of funded contentment and its two-step process: determining what is meaningful and then figuring out how to afford it. It emphasizes that contentment can come from experiences and possessions, but experiences tend to have a longer-lasting impact.
The discussion also touches on the importance of playing your own game in terms of wealth and investing, rather than trying to beat the market. Time is highlighted as a valuable asset, and the need to set priorities that align with the life you want to live. The conversation concludes with the idea that success is a life that is meaningful and aligned with your own definition of success.
Chapters:
06:30 Introduction and Early Life10:42 The Emotional Aspect of Money17:46 Funded Contentment and Underwriting a Meaningful Life30:31 The Four Cs: Connection, Control, Competence, and Context37:04 The Two-Step Process of Funded Contentment43:20 Experiences vs Possessions: The Impact on Contentment49:18 Playing Your Own Game in Wealth and Investing57:50 Time and Money: Setting Priorities1:00:05 Defining Success: A Meaningful Life
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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Investing continues to change -- we talk about Ben Graham's lessons from one particular investment, and where the money is in this new era for investors.
Any stocks mentioned today, as always, are no recommendations; they are case studies or illustrations — please do your own research and/or talk to an advisor, please.
My guest today is Adam Seessel. He is an author and professional investor with experience as an investigative reporter — which comes in handy in investing. He graduated summa cum laude from Dartmouth College and began his professional career as a newspaper reporter in North Carolina.
In 1995, Seessel took his research skills to Wall Street. He worked for Sanford C. Bernstein, Baron Capital, and Davis Selected Advisers before starting his own firm, Gravity Capital Management, which manages money for high-net-worth individuals and institutions.
In addition to running Gravity, Adam is a regular contributor for both Barron’s and Fortune magazines.
https://www.gravitypartners.com/
His book and this conversation made a big impact on me.
I like the idea of getting a bargain deal when I shop for everything from shoes to stocks and beyond.
Traditional value investing may be interpreted as static, the way Ben Graham bought cigar butt stocks, statistically cheap. Maybe we need a more dynamic view.
Adam does an incredible job explaining the evolution of value investing and proposes a new perspective regarding the future.
I know that Buffett changed and evolved as an investor; you’ll see how Adam has, too; I have to admit that I’m the first to challenge my assumptions and see how I can continuously learn and adapt to the ever-changing world.
Adam argues that money and investment opportunities might lie in the digital economy, and as long as investment principles remain the same, our methods might need to change.
Adam is joining me from Manhattan, so don’t be surprised if you hear some faint city sounds in the background, such as sirens and more. Please help me welcome Adam Seessel!
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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An hour-plus with a master storyteller, forensic accountant, investor, and a good friend.
Jeff is such a terrific guy. He has that voice and storytelling gift that keeps you hooked for hours because every minute, you feel like he is letting you in on the biggest secret, and he really is. I had to have him here on TB, and he kindly said yes. He is a fellow investor, VALUEx’er, forensic accountant, and good friend.
Jeff Gilbert, CPA is an Executive Director of Investigations where he specializes in forensic auditing. Drawing upon personal experience and using real-life case studies, he teaches at the Asper School of Business and with the Chartered Professional Accountants program. Jeff also mentors entrepreneurs and provides strategic advice to assist them in achieving their goals. He manages his own investment portfolio with a mix of public companies and private investments. A strong believer in lifelong learning, he is an avid reader and has numerous interests, including value investing and understanding various philosophies, strategies, and mental models.
In this conversation, we discuss Jeff's childhood upbringing and the influence of his grandfather's wisdom. Jeff shares his journey of discovering and developing his own investment style, emphasizing the importance of curiosity and continuous learning. We also highlight the role of accounting in investing and the need to understand financial shenanigans. Jeff emphasizes the significance of ethics in investing and the dangers of fraud.
Overall, the conversation explores the individual journey and personal approach to investing. We discuss the divide between honest and unethical individuals in the business world and explore the importance of trust in the stock market and the differences between private and public businesses.
The conversation delves into the mindset of an investor and the power of kindness and gratitude. We also highlight the value of being part of a like-minded community and define success as personal well-being, fulfilling work, strong relationships, and giving back.
Chapters:
05:00 Introduction and Childhood Upbringing
08:06 The Influence of Jeff's Grandfather
11:11 The Power of Curiosity
15:00 Jeff's Discovery of Investing
19:53 Developing a Personal Investment Style
27:58 The Role of Accounting in Investing
30:57 Understanding Financial Shenanigans
36:08 The Importance of Ethics in Investing
39:01 The Gray Area of Accounting and Fraud
40:39 The Divide: Honest vs. Unethical Individuals
44:07 The Importance of Trust in the Stock Market
48:20 Private vs. Public Businesses
51:46 The Mindset of an Investor
56:46 The Power of Kindness and Gratitude
1:00:38 The Value of a Like-Minded Community
1:08:22 Defining Success
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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A wide-ranging discussion about money, wealth, investing, inherited wealth, books, curiosity, ideas, and more! Full Credit to Matt Zeigler, his Intentional Investor on Epsilon Theory Podcast. Thank you, Matt!
In this episode of The Intentional Investor, host Matt Zeigler is joined by Bogumil Baranowski to discuss the power of investing with a multi-generational mindset. Baranowski shares his personal journey from growing up in communist Poland to discovering the transformative potential of free market economies and property rights. We also discuss the importance of viewing wealth as a tree that can be planted, nurtured, and enjoyed by future generations and explore the value of community, education, and personal experiences in shaping one’s perspective on investing and life.
DISCLOSURES
This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.
Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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We will learn about leadership from a global executive who taught 60,000 students around the world.
My guest today is Elizabeth Campbell Pagé. She is an entrepreneur, manager, and global executive in international organizations, including The World Bank, Inter-American Development Bank (IDB), and The Royal Society. Elizabeth teaches cross-sectoral teams in person and online.
She was also the founder, publisher, and editor of a global, peer-reviewed journal of economic and environmental sciences, Ecodecision, featuring Francophone and Commonwealth articles and distributed to over 100 countries.
https://ecppage.com/
Elizabeth C. Pagé shares her childhood influences, early adventures, and curiosity. She discusses the challenges and rewards of living in different places and straddling cultures. Elizabeth talks about her work in leadership development and the importance of leading remote and hybrid teams. She explores the redefinition of success and failure and the need for a broader perspective.
Elizabeth emphasizes the value of process and long-term thinking and the importance of intrinsic motivation in leadership. In this conversation, we discuss the redefinition of leadership in the face of disruption and the importance of creating more leaders. We explore the need for meaningful connections and creating environments where people can challenge ideas.
We also delve into the impact of AI on different professions and the need for re-skilling. The power of storytelling and trust in business is highlighted, along with the intrinsic value of stories and the human element. The conversation concludes with a reflection on the seismic shift in the definition of success.
Chapters:
05:00 Introduction and Childhood Influences
08:13 Early Adventures and Curiosity
11:02 Living in Different Places and Straddling Cultures
14:27 The Work of Elizabeth C. Pagé
18:38 Leading Remote and Hybrid Teams
19:29 Creating a Safe Space for Voices to Be Heard
27:26 The Importance of Process and Long-Term Thinking
33:12 The Nuances of Success and Failure
34:31 The Shift from Extrinsic to Intrinsic Motivation
41:36 Redefining Leadership and Creating More Leaders
44:07 The Shift in Leadership and the Need for Meaningful Connections 45:09 Creating an Environment for Challenging Ideas
47:20 Preparing for the Disruption of AI
49:18 The Impact of AI on Different Professions
53:45 Aligning Values and Investing for Generational Wealth
56:54 The Power of Storytelling and Trust in Business
01:01:01 The Intrinsic Value of Stories and the Human Element 01:04:31 Insight, Hindsight, and Foresight in Success
01:07:54 Leadership as Guiding and Empowering Others
01:14:06 The Seismic Shift in the Definition of Success
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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Jeremy Deal is the founder of JDP Capital Management. JDP is a private partnership that makes investments in public stocks where the quality and durability of future earnings power is not reflected in the price. The fund's goal is to buy and hold a handful of businesses that can survive and thrive over long periods of time.
www.jdpcap.com
Today, my guest shares his unique investing journey. Although he is a professional investor, he had never worked at an investment firm before launching his own private partnership. Jeremy tells me about the importance of independent thinking and the right environment to work in. We talk about the benefits of being an outsider. Stay tuned until the end, when my guest shares an anecdote and a lesson about investing as an emotional game and explains what it takes to develop and keep your conviction behind investment ideas. Last but not least, we discuss the value of having a community, a network of like-minded yet very different individuals in your professional life.
Please help me welcome a dear friend and fellow VALUEx’er, Jeremy Deal.
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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Before I tell you about this week’s bonus episode, here is a quick announcement: this episode will air on Wednesday, May 1, a day before my arrival in Omaha for Buffett’s Berkshire Meeting. If you are in Omaha and see me, please say hello; I’d love to meet you and hear more about you. Even if you aren’t coming to Omaha but feel inspired to share something with me, head to my website, bogumilbaranowski.com, and send me a message.
This is the second Fireside Chat, during which my guest host asks me questions, and you, my audience, get to know me, your host, better.
Matthew Stafford is a good friend and a former Talking Billions guest; I highly recommend his episode. He is the co-author of Find Your 9others: The Questions to Ask Yourself as You Start up and Scale Up, which was co-authored by Katie Lewis**. 9others has been a huge success and hosted over 5,000 entrepreneurs at 500 events in 45 countries.**
Matthew Stafford works with startups, venture capital, and angel investors, governments, NGOs, and large corporations to create and capture value.
He is a fellow VALUEx’er, a brilliant mind, and a thoughtful person, and I had to say yes when the idea for this fireside chat came up.
We touch on so many topics, from my journey from Cold War Poland to getting educated around Europe and being professionally shaped by New York. I explain the kind of investing I practice and the type of clients I work with. We discuss the deeper, more nuanced philosophy behind what I do. Stay tuned until the end, when I share my experience of recently launching my new investment firm, Blue Infinitas Capital.
We had a fun hour together; I trust you’ll enjoy it as much as I did.
Chapters:
05:00 Introduction and Value X Conference
13:09 Life During the Last Decade of Communism
18:07 Discovering a Changing World
30:00 The Importance of Purpose and Passion
33:37 The Power of Patience and Long-Term Thinking
42:21 The Value of Owning Businesses Over the Long Term
53:45 The Game of Investing: Competing Against Yourself
01:01:02 Blue Infinitas Capital: Embracing the Open-Ended Opportunity
Disclosure:
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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What if you could learn from the richest people that ever lived -- both how to make money, and how to keep it once you make it. My guest has a lot to share about both pursuits.
Guido Alfani is a Professor of Economic History at Bocconi University, Milan (Italy). He is also an Affiliated Scholar at the Stone Center on Socio-Economic Inequality (New York) and a Research Fellow of the Center for Economic Policy Research (CEPR, London). In the last fifteen years, Guido has focused his research on economic inequality in the long run of history and on the history of major pandemics (often combining the two topics). His most recent book, published by Princeton University Press, is dedicated to the rich, the very rich, and the super-rich, and it is entitled As Gods among Men. A History of the Rich in the West.
Today — my guest takes us on a trip back in time. I love history. I strongly believe that it rhymes, and there are many patterns worth recognizing as they can help us understand the present and maybe even look into the future.
Professor Alfani tells us how wealth has evolved, with different societies defining it in various ways. He introduces us to the three main paths to riches; you’ll have to listen to find out what they are. He also discusses a topic close to my heart and professional pursuits — inherited wealth throughout the ages. Guido explains how maintaining wealth over multiple generations proved to be a challenge throughout history. We take on a revolutionary role of finance, and specifically the stock market, in keeping and growing wealth among more people, including women. Speaking of women, Guido’s book offers a greater understanding of the role they played in their families, preserving fortunes, especially in times of turmoil and change. Stay tuned until the end, when my guest reveals the most consistent strategy for wealth accumulation through the centuries and leaves us with some advice on how to avoid losing wealth once we have it.
It’s all music to my ears, a very special guest with a unique book that ties together many of the topics and questions that I’ve studied, observed, and experienced over the last twenty years of my career as an investment advisor to affluent families and individuals. Please help me welcome Professor Guido Alfani.https://press.princeton.edu/books/hardcover/9780691215730/as-gods-among-men
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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80th Episode!! My guest today is Ken Honda, the best-selling author of a beautiful book — Happy Money.
Another way of looking at money: a money conversation that will make you smile if not laugh!
At just 29 years old, Ken made an unexpected decision: he stepped away from a successful career in consulting and accounting to fully immerse himself in the joys of fatherhood. But it wasn't long before a chance encounter in the park ignited a spark within him.
Watching a mother struggle to balance work and playtime for her child struck a chord with Ken. Determined to ease the financial burdens faced by families, he drew upon his own childhood experiences and penned an essay that eventually evolved into the bestselling book, "Happy Money."
With over 8 million copies sold worldwide, Ken's message of financial freedom and joy has resonated deeply with readers. Through his work, he encourages others to recognize the distinction between happy and unhappy money, inspiring countless individuals to embrace a life of abundance and contentment.
https://kenhonda.com/
Key Takeaways:
Find happiness and contentment regardless of the amount of money you have.
Money can have either happy or unhappy energy depending on how it is used.
Approach money as a game and focus on enjoying the process rather than winning or having the most.
Shift from a scarcity mindset to an abundance mindset and say 'I'm next' instead of feeling envy towards others. Wealth is not just about money, but also about having more than enough and being able to focus on giving rather than getting.
Knowing how much money you need for the rest of your life is important in order to focus on what truly matters.
Appreciating money and having a positive relationship with it can lead to more abundance in your life.
Long-term success and building a strong financial foundation are key to financial independence.
Leaving a legacy goes beyond just money and can have a lasting impact on future generations.
Chapters:
06:00 Childhood Memories and Early Money Lessons
09:09 The Energy Wrapped Up in Money
12:03 The Money Game: Enjoying the Process
14:52 Shifting from Scarcity to Abundance
18:02 Saying 'I'm Next' Instead of Feeling Envy
38:22 Appreciating Money and the Power of Giving
45:05 Knowing Your Financial Needs and Focusing on What Matters
49:48 Building a Strong Financial Foundation for Long-Term Success
56:32 Leaving a Legacy Beyond Money
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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My guest today is the author of “Hidden Genius,” The Secret Ways of Thinking that Power the World’s Most Successful People, Polina Marinova Pompliano. She is the founder of The Profile, a media organization that studies successful people and companies.
Previously, she spent five years at FORTUNE where she covered technology and venture capital.
As the author and editor of Term Sheet, FORTUNE’s industry-leading dealmaking newsletter, Polina interviewed the industry’s most influential dealmakers, including Melinda Gates, Steve Schwarzman, Richard Branson, and more.
hiddengeniusbook.com readtheprofile.com
In today's episode, we embark on a captivating journey through the bustling corridors of New York City's subway, where inspiration often strikes unexpectedly. From these underground musings, we delve into the transformative power of personal narratives, discovering profound insights and relatable wisdom from the experiences of others.
My guest, Polina, shares invaluable lessons gleaned from the paths of the most successful individuals. Amidst tales of triumph, we explore the notion that success is not always a linear journey; rather, it often manifests in the midst of messiness and imperfection. Embracing the inevitability of hardship, we learn to navigate the twists and turns of our own narratives with resilience and grace.
Polina offers sage advice, drawing from the wisdom of those who have navigated similar challenges. Among the gems she shares is the concept of cultivating an aspirational alter ego—an empowering tool for personal growth and achievement.
As our conversation unfolds, we delve deeper into the mechanics of success, exploring the role of systems and the indispensable nature of trust in our pursuits. And as we reach the culmination of our discussion, we leave you with a stirring reflection on the essence of success—a reminder that its true measure lies not solely in achievement but in the journey itself.
Join us as we uncover the transformative power of storytelling, resilience, and trust, and embark on a journey toward realizing our fullest potential.
Before we dive into the conversation, I'd like to extend my gratitude to my dear friend Jordan Olmscheid for introducing me to Polina. Jordan is the brilliant mind behind "The Wealth Letters," a compilation of letters from accomplished individuals imparting their most profound life and business insights. If you haven't already, I highly encourage you to check out his previous episode on the show—it's a treasure trove of wisdom. Additionally, Jordan is currently immersed in an exciting new book project; be sure to follow him on Substack for updates and exclusive content.
Alright, let’s get started, please help me welcome, Polina Pompliano.
The New York subway can be a source of inspiration for many people.
Feeling like an outsider can provide a different perspective and advantage.
Learning history through personal stories and experiences can make it more relatable and engaging.
Learning from others' experiences and stories can help in making better decisions and understanding different perspectives.
Success is often messy and non-linear, requiring a willingness to fail and learn from mistakes. Embracing imperfection can lead to innovative and successful outcomes.
Hardship and suffering can be catalysts for personal growth and progress. Developing an alter ego can help individuals overcome self-limiting beliefs and tap into their full potential. Understanding different perspectives is crucial for empathy and avoiding judgment. Translating a book can have a profound impact, allowing people who don't speak the original language to access and understand the author's work. Trust is the foundation of personal and professional relationships, and it is earned through consistency and reliability. Focusing on systems rather than outcomes can lead to more sustainable and fulfilling success. Defining success.
NEVER INVESTMENT ADVICE.
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Devin Martin is the founder of the executive life coaching company LifeStyle Integrity. His purpose is to bring wisdom to power, and his passion is helping leaders make life-altering decisions.
Because of his core belief that the fate of both humanity and the planet hinges on the decisions that our leaders make, he has since dedicated his career to raising the consciousness of those whose decisions have the biggest impact. His work is rooted in the belief that capitalism, done well, can be a force for good in the world. As an executive life coach, he is able to support leaders through both personal and professional development.
His approach integrates expertise in physical and mental health, relationships, and spirituality as well as business. His work is focused on helping individuals and corporations align their efforts with both cutting edge science and their hearts.
Today, Devin shares with me how he used to live a double life before discovering lifestyle integrity. He takes me back in time to his months spent in a log cabin after leaving New York City's busy life behind. We talk about everything from chasing external markers of success to fear, insecurity, and the lack of fulfillment. My guest tells me how we can rewrite our internal narrative. Stay tuned until the end when Devin reveals how we can escape the wealth trap and develop a dream life and career. Before he shares his definition of success, he generously introduces me and you, the audience, to a bedtime mental exercise that can prove to be life-changing.
I’m very grateful for this special hour we had together.
www.LifeStyleIntegrity.com
https://twitter.com/Flow_Coach
https://www.instagram.com/lifestyle_integrity/
Takeaways
Different modes of communication offer unique benefits and challenges in terms of depth of connection and vulnerability.
Chasing external markers of success often leads to a never-ending pursuit and a lack of fulfillment.
Fear and insecurity can drive decision-making and prevent individuals from feeling secure and content.
The desire to get rid of wealth can stem from deep-rooted insecurities and a lack of self-worth.
Seeing oneself from another perspective and rewriting the internal narrative can lead to greater self-awareness and personal growth. Gaining perspective and taking multiple perspectives can help dissolve problems and provide a broader understanding of situations.
Having faith in the unknown and taking leaps of faith can lead to personal growth and new opportunities.
Balancing chaos and order is important for personal development and avoiding anxiety or depression.
Wealth should be defined on personal terms and should provide freedom and simplicity.
Success is not just external circumstances but also internal fulfillment and growth.
NEVER INVESTMENT ADVICE.
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Best-Selling Author | 2nd Time on TB | Top Ten TB Episode for 12 months | 50,000 Download Milestone
Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund. He invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.
Gautam is the author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.
This is Gautam’s second appearance on Talking Billions. I have to congratulate him on the new book — The Making of a Value Investor, that we are discussing today, but also on having held the top ten position among the most downloaded Talking Billions episodes in the last 12 months, a remarkable feat.
Talking Billions is a hundred downloads away from a major milestone - 50,000 downloads, if you are listening this week, you are among the loyal listeners that help us get there. Thank you all for listening to all 77 episodes. I really appreciate it.
Today, we talk about authenticity and vulnerability and how they can help us grow as investors. Gautam reminds me how it’s important to focus on processes and principles rather than outcomes, as the market is probabilistic and unpredictable. My guest discusses the mental and emotional resilience needed when investing through the market’s ups and downs. We take on the definition of a quality business. Stay tuned until the end, when Gautam shares how being wrong is a natural part of investing, and offers some advice on embracing uncertainty.
Takeaways:
Authenticity and vulnerability
Focus on process and principles.
Mental and emotional resilience.
Understanding the characteristics of quality businesses, such as high return on capital and competitive advantage, is essential for long-term success.
A 2-3 year investment view is more feasible in today's fast-changing environment, allowing for a focus on businesses with good growth visibility.
Active patience is key in investing, with a focus on verifying investment theses and making adjustments as needed.
The bond between customers and brands, as well as factors like switching costs, network effects, and company culture, can contribute to a business's competitive advantage.
Choosing the best clients, rather than the biggest ones, is important for investment firms, as it ensures alignment with long-term goals and reduces potential headaches.
Avoiding distractions and staying true to one's personal approach is crucial in navigating the investment landscape.
Being wrong is a natural part of investing, and embracing uncertainty is necessary for long-term success.
https://stellarwealthindia.com/
Podcast Program – Disclosure Statement
Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
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Today’s guests — Eddie Palmgren and Niklas Sävås are passionate about learning and investing. They are the hosts of Investing by the Books podcast and work at Redeye, an investment bank in Stockholm, Sweden.
It’s a wide-ranging rich discussion from inheritance to immortality and everything in between.
Today, they both share with me not only their childhood stories but also family histories that shed light on their curiosity about money and investing. You know how interested I am in family fortunes, and my guests have stories to tell.
We talk about their podcasting experience hosting their wonderful Investing by the Books podcast. My guests share ideas, books, and lessons. Eddie and Niklas introduced me to serial acquirers, a unique type of business they are especially interested in. They shared more about Sweden, where they live, and the wonderful events they host yearly. Stay tuned until the end, when Eddie and Niklas tell me how they look at success from their own perspective.
It wasn’t my first chat with my guests, and I’m grateful they sat down with me and talked about their passions, interests, and stories. I greatly enjoyed every minute of it, and I trust you will, too.
Please help me welcome from beautiful Sweden — Eddie and Niklas.
NOT INVESTMENT ADVICE.
In this conversation, Eddie and Niklas discuss their childhood upbringing and their relationship with money. They also talk about the importance of long-term thinking in investing and share their investing styles. They reflect on their experience hosting the Investing by the Books podcast and the impact it has had on their listeners.
They discuss the value of time and money and how they prioritize their time. Finally, they explore the concept of immortality and how they would live their lives if they were immortal.
The conversation explores the impact of books on thinking and investing, the concept of investing with an immortal life, the importance of wealth preservation, the power of multidisciplinary thinking, the impact of survival stories on risk perception, navigating risks and unknowns in investing, the importance of trust in public markets, the different types of serial acquirers, and the case study of Teledyne and Henry Singleton.
In this conversation, Eddie and Niklas discuss principles of success, their upcoming conference, and their personal definitions of success. They emphasize the importance of financial independence and following principles taught by successful individuals like Warren Buffett. They also highlight the value of having friends and family who love and admire you for living an honest and good life.
The conversation explores the power of habits and the importance of finding happiness in everyday life. Ultimately, they encourage listeners to enjoy the journey of life rather than focusing solely on winning and losing.
Chapters:
05:36 Introduction
07:42 Childhood Upbringing and Relationship with Money
14:53 The Importance of Long-Term Thinking
22:22 The Why of Investing and Investing Style
30:12 The Experience of Hosting a Podcast
36:50 The Question They Ask Their Guests
41:02 The Value of Time and Money
43:51 The Concept of Time and Immortality
44:55 The Impact of Books on Thinking and Investing
46:56 Investing with an Immortal Life
48:16 Investing for Long-Term Preservation
50:09 The Importance of Wealth Preservation
53:55 The Power of Multidisciplinary Thinking
55:19 The Impact of Survival Stories on Risk Perception
58:11 Navigating Risks and Unknowns in Investing
01:02:24 The Importance of Trust in Public Markets
01:04:44 The Different Types of Serial Acquirers
01:10:06 The Case Study of Teledyne and Henry Singleton
01:26:26 Principles of Success
01:27:50 The Conference
01:30:25 Defining Success
01:32:57 Finding Happiness
01:34:55 The Power of Habits
01:36:06 Enjoying the Journey
NOT INVESTMENT ADVICE.
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My guest today is Dan Haylett (the host of the #1 Retirement Podcast in the UK). Dan’s ‘pull back the duvet every morning’ purpose is to help his clients spend their time and money on what’s truly important.
His passion for understanding and learning about the emotional, behavioral, and financial challenges of life after work makes him a true specialist in helping clients have the freedom and confidence to take advantage of their ‘window of spending opportunity’ and live their best life.
He likes golf, reading, coffee, and getting up at 5am; he doesn’t like oysters, arsenal, big egos, and Crocs.
Today, we talk about money, and specifically about the topic of humans vs. retirement. You’ll hear about the term Retirement Rebel, and you’ll find out how to become one. My guest will help us dispel some money and retirement myths. We’ll take on one of the biggest fears, the fear of running out of money. Dan will discuss some mindset shifts, and he’ll explain why the concept of retirement is flawed. Stay tuned until the end, when we’ll learn how money can make us happy and truly wealthy.
www.humansvsretirement.com
www.tfp-fp.com
NOT INVESTMENT ADVICE.
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Thomas Chua writes, hosts a podcast, runs a stock research service, he is the founder of SteadyCompounding.com , where he writes about lessons from super investors, stock analysis and market insights.
Compounding is a fascinating concept, so simple, yet so hard to embrace. I lately spoke about it with Pieter Slegers from Compound Quality and Gautam Baid, the author of The Joys of Compounding. Both have been guests on Talking Billions.
The word comes from Latin, componere which means to put together.
In finance — compounding is a powerful investing concept that involves earning returns on both your original investment and on returns you received previously.
Thomas is a very bright, thoughtful student of investing and the markets; he has quite a story to tell, which he shared with me.
You are about to hear about how he left the safety of his proverbial iron rice bowl and made his dreams come true against all odds — a story of minimizing regrets, taking risks, making a jump, and getting outsized results…
He tells me about the fascinating idea of the S-Curve of Life.
Thomas shares with me that It’s difficult to fail if you love the work you do. It made me think of the work I do, and how it’s my only professional passion. There is nothing else I’d rather do.
In a busy, noisy world, filters matter; my guest reminds me that “You become what you feed your mind.” —
I really like his thoughts on playing long term games with long term people. Life is too short for anything else.
Thomas shares his experience teaching investing in a village.
Stay tuned until the end, when my wonderful guest takes on two questions, the $3 question and the $30,000 question.
I greatly enjoyed talking to Thomas and learning from him, I hope you do too, please help me welcome - Thomas Chua.
https://steadycompounding.com
https://twitter.com/SteadyCompound
https://www.linkedin.com/in/chuathomas/
https://www.instagram.com/steadycompound/
https://www.youtube.com/c/SteadyCompounding
NOT INVESTMENT ADVICE.
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