RWH066: Essential Truths w/ Howard Marks, Nima Shayegh & William Green

William Green highlights essential truths about investing, business & life that emerged from two of his favorite interviews with Howard Marks and Nima Shayegh. This episode also explores powerful lessons on resilience from Bill Miller & Epictetus.

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:31 - How investing legend Howard Marks views the euphoria over AI
00:11:10 - What potential mistakes he warns against in this environment
00:13:23 - What essential lessons William Green has learned from Howard
00:23:00 - How Howard keeps an even keel amid extreme uncertainty
00:26:09 - Why Howard, like Einstein, doesn’t think much about the future
00:34:19 - Why investing early & not “tampering” is the key to success
00:38:39 - How Nima Shayegh looks beyond numbers to find great stocks
00:44:19 - How to harness intuition & emotion in the investment process
00:49:13 - How products from Tesla & Amazon inspire “blown-awayness”
00:57:10 - What Nima learned from his famed mentor, Lou Simpson
01:04:38 - How Lou’s success was built on humility
01:19:55 - How Lou & Nima inspire William’s yearning for a spacious life
01:23:56 - How to handle suffering with help from Bill Miller & Epictetus

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (theinvestorspodcast.com/mastermind-2) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.

• Inquire about William Green’s ⁠⁠⁠⁠⁠⁠Richer, Wiser, Happier Masterclass⁠⁠⁠⁠⁠⁠ (williamgreenwrites.com/masterclass).

• Howard Marks’ Memos: The Complete Collection (oaktreecapital.com/docs/default-source/memos/t…).

• Edward Chancellor's Devil Take the Hindmost (amazon.com/Devil-Take-Hindmost-Financial-Specu…).

• Allen Benello, Michael van Biema, Tobias Carlisle's
⁠Concentrated Investing.⁠ (amazon.com/Concentrated-Investing-Strategies-G…)

• William Green’s podcast interview (theinvestorspodcast.com/richer-wiser-happier/a…) with Howard Marks.

• William Green’s podcast interview (theinvestorspodcast.com/richer-wiser-happier/a…) with Nima Shayegh.

• William Green’s book, ⁠⁠Richer, Wiser, Happier⁠⁠ (amazon.com/Richer-Wiser-Happier-Greatest-Inves…).

• Follow William Green on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (x.com/williamgreen72).

• Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠ (prodcast.io/collections/we-study-billionaires-…) mentioned in the podcast.

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