TIP603: RICHER, WISER, HAPPIER, Q1 2024

W/ STIG BRODERSEN & WILLIAM GREEN

27 January 2024

On today’s show, Stig Brodersen talks with co-host William Green, the author of “Richer, Wiser, Happier.” With a strong focus on kindness, they discuss what has made them Richer, Wiser, or Happier in the past quarter.

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IN THIS EPISODE, YOU’LL LEARN:

  • What we can learn from the greatest investors about being authentic.
  • How to stay true to yourself.
  • If principles are truly timeless.
  • How we change throughout the stages of our lives.
  • What William learned recently about Charlie Munger’s kindness.
  • Why we want to take a simple idea and take it very seriously.
  • The challenges of the three phases in life.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:02] Stig Brodersen: Every quarter, I look forward to speaking with a friend and co-host, William Green. We talk about what has made us richer, wiser, and happier. In today’s episode, we talk about what Berkshire Hathaway Director, Chris Davis has taught us about the three phases in life and how each phase is both wonderful and challenging.

[00:00:21] Stig Brodersen: In life, the destination isn’t the goal. Rather, the journey is the best part. William outlines why you should not partner with your friends until you’re 40, and after that, only partner with your friends. And he also tells us what he recently learned about kindness from the late Charlie Munger. I hope you’ll join William and me on our quest for a richer, wiser, and happier life.

[00:00:45] Intro: You are listening to The Investor’s Podcast. Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected. Now for your hosts, Stig Brodersen and William Green.

[00:01:11] Stig Brodersen: Welcome to The Investor’s Podcast. I’m your host, Stig Brodersen and today, as always, for these quarterly calls, that’s called Richer, Wiser, Happier, of course, I’m joined by William Green. William, how are you today?

[00:01:23] William Green: I’m great. I’m very happy to be here with you.

[00:01:26] Stig Brodersen: So, William, I want to continue this conversation where we left off last time, and perhaps the audience is sitting out there thinking, I have no idea what they talked about last quarter.

[00:01:36] Stig Brodersen: But the thing I wanted to get back to here is not so much what we talked about last quarter, but I remember whenever we chat and we end the recording, I usually say something along the lines of, William, you know, I’m going to let you go here soon, but just one quick thing, and then we end up talking for like an hour or whatever.

[00:01:52] Stig Brodersen: And we talked about, authenticity last time after our call and I remember thinking, and I think I also mentioned that to you, William, we should probably have a longer discussion about that. So that’s going to be the first segment here of today’s episode. And, you know, I don’t know if it’s a law of attraction kind of thing, but I kind of feel in the world that I’m navigating right now.

[00:02:13] Stig Brodersen: I continuously hear so many people talking about that we need to be authentic, and I would also say that I used to drink that Kool Aid completely. After all, who doesn’t like to be told, don’t change anything about yourself but perhaps that’s also not what authenticity means.

[00:02:29] Stig Brodersen: And so, I remember Mohnish Pabrai, he talked here on the show about, you know, having met up with Warren Buffett, having met up with Charlie, and he said that, you know, what you see is what you get with Warren Buffett, like whenever he’s sitting up there during the Berkshire meeting, that’s who he is whenever you’re having dinner with him.

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