Stig Brodersen talks with Guy Spier about how he has achieved his impressive track record and whether you can adjust a track record for luck. Since 1997, Guy Spier’s fund has performed 9.3% vs. 8.7% annually for the S&P500.  IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:01:21 - What we can learn from royal families about moats in business.  00:30:33 - How Guy Spier’s track record would look if we adjusted to luck 00:39:25 - Why Guy wants to be truthful and honest and not present himself in the best possible light 00:46:29 - If Guy would ever stop managing money  00:55:48 - How to think about risk in your portfolio 01:00:32 - Why it’s risky not to take risks 01:05:40 - How to think about position sizing 01:35:39 - What is VALUEx?  01:53:09 - How Guy feels about being famous in the value investing community 02:15:24 - How to live a life with Givers, Matchers, and Takers 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig and the other community members: https://theinvestorspodcast.com/mastermind 📚 Start accelerating your learning journey today. Sign up and listen to Richer, Wiser, Happier for free at https://theinvestorspodcast.com/audible 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - How to Build Enduring Wealth w/ Guy Spier: https://youtu.be/Nps8i1Pl9hU - Investing Prudently In Perilous Times w/ Guy Spier: https://youtu.be/G1yQcykKYJg - 5 Life Lessons from Guy Spier | The Education of a Value Investor: https://youtu.be/ly_lWtSwPgQ - The Education Of A Value Investor By Guy Spier: https://youtu.be/SQSh4ynocyQ - Guy Spier on Investing and Life: https://youtu.be/ZpMdI1YXT0I - Guy Spier - The Education Of A Value Investor: https://youtu.be/4wlPTvX4wQU - Lunch With Warren Buffett - With Guy Spier: https://youtu.be/cN0YjQDyd1Y 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/track-record-and-risk-w-guy-spier/ 📖  BOOKS MENTIONED: - Give and Take by Adam Grant: https://amzn.to/4dpLFGB - The Education of a Value Investor by Guy Spier: https://amzn.to/3WIUTXv Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ 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.