The Education of a Value Investor
by Guy Spier
Spier's candid memoir of leaving a toxic Wall Street firm, discovering Buffett, bidding on the charity lunch with Pabrai, and redesigning his life, office, routines and relationships to think clearly. It is more about environment and character than stock picking, and its honesty about envy and ego is rare.
Read it if…
you want to see how an investor redesigned his environment to make better decisions.
Skip it if…
you want analysis techniques; there are few.
Three things you will actually use
- Environment shapes judgment more than intelligence.
- Model yourself on people you admire; proximity matters.
- Check your motives; envy and ego distort.
Do this first
Remove one source of noise from your decision environment this week: a feed, a screen, a conversation.
Our verdict
Candid and useful beyond investing.
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