Practical Lessons from Guy Spier | Value Investing, Buffett and Munger and Learning from Mistakes

In this episode of Two Quants and a Financial Planner, we dig into the biggest lessons we learned from investing legend Guy Spier. Drawing from our extensive interview with Guy, we explore key insights that can benefit investors at all levels. We discuss: - The importance of learning from mistakes early in your career - Aligning your inner and outer self for authenticity and success - The power of learning in public and putting yourself out there - Defining and expanding your circle of competence - Understanding ergodicity and its implications for investing - The critical importance of having the right investors on board - Being kind to yourself as an investor Throughout the episode, we share personal anecdotes, debate ideas, and break down complex concepts into actionable insights. Whether you're a seasoned investor or just starting out, this discussion offers valuable perspectives on improving your investment approach and mindset. 00:00 - Intro 03:00 - Learning from Mistakes Early in Your Career 11:06 - Aligning Your Inner and Outer Self 16:22 - Learning in Public 35:25 - Defining Your Circle of Competence 36:38 - Understanding Ergodicity in Investing 44:48 - Having the Right Investors on Board 50:17 - Being Kind to Yourself as an Investor SEE LATEST EPISODES ⁠⁠⁠https://excessreturnspod.com FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS ⁠⁠⁠https://sunpointeinvestments.com/⁠⁠⁠ FIND OUT MORE ABOUT VALIDEA CAPITAL ⁠⁠⁠https://www.valideacapital.com⁠⁠⁠ FOLLOW MATT Twitter: ⁠⁠⁠https://twitter.com/cultishcreative⁠⁠⁠ LinkedIn: ⁠⁠⁠https://www.linkedin.com/in/matt-zeigler-a58a0a60/ FOLLOW JACK Twitter: ⁠⁠⁠https://twitter.com/practicalquant⁠⁠⁠ LinkedIn: ⁠⁠⁠https://www.linkedin.com/in/jack-forehand-8015094⁠⁠⁠