In today’s episode, William Green highlights essential truths about investing, business & life that emerged from two of his favorite interviews. First, he draws important lessons from a remarkable conversation with superinvestor Howard Marks, who oversees more than $220 billion at Oaktree Capital. Second, he spotlights key insights from an exceptional hedge manager, Nima Shayegh. This episode also explores powerful lessons on resilience from Bill Miller & Epictetus. What you'll learn here: 00:00:00 - Intro 00:04:49 - How investing legend Howard Marks views the euphoria over AI 00:11:03 - What potential mistakes he warns against in this environment 00:13:05 - What essential lessons William Green has learned from Howard 00:22:07 - How Howard keeps an even keel amid extreme uncertainty 00:25:13 - Why Howard, like Einstein, doesn’t think much about the future 00:29:05 - Why investing early & not “tampering” is the key to success 00:33:18 - How Nima Shayegh looks beyond numbers to find great stocks 00:38:34 - How to harness intuition & emotion in the investment process 00:43:25 - How products from Tesla & Amazon inspire “blown-awayness” 00:50:41 - What Nima learned from his famed mentor, Lou Simpson 01:00:24 - How Lou’s success was built on humility 01:11:24 - How Lou & Nima inspire William’s yearning for a spacious life 01:14:51 - How to handle suffering with help from Bill Miller & Epictetus Transcript & Guest Info: https://www.theinvestorspodcast.com/richer-wiser-happier/essential-truths-w-howard-marks-nima-shayegh-william-green/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Avoid Disaster w/ Superinvestor Howard Marks: https://youtu.be/hmHk_lqv_6s - A Soulful Journey to Stellar Returns w/ Nima Shayegh: https://youtu.be/iitZPHBpYiM 📖 Books Mentioned: - ⁠⁠⁠⁠Devil Take the Hindmost⁠ by Edward Chancellor: https://amzn.to/3ZQ8lL7 - ⁠⁠Concentrated Investing by Allen Benello, Michael van Biema, Tobias Carlisle’s: https://amzn.to/4rxlJjw - ⁠Richer, Wiser, Happier⁠ by William Green: https://amzn.to/4rq2XKF Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #HowardMarks #InvestingWisdom #StockMarketInsights #ValueInvesting #BehavioralFinance