Investing In Uncertain Times w/ Joel Greenblatt, Bill Miller, Howard Marks, François Rochon (RWH021)

William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the “Richer, Wiser, Happier” podcast: Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty & handle the emotional challenges of investing in turbulent times.

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:03:34 - How a disastrous investment taught Joel Greenblatt that anything can happen.
00:10:34 - What Fidelity legend Peter Lynch learned from a shocking setback early in his career. 
00:12:06 - How to protect ourselves from uncertainty, bad luck, & our own analytical mistakes.
00:12:49 - Why Howard Marks warns that you shouldn’t push the limits if you want to avoid ruin.
00:14:48 - How Joel Greenblatt deals with mistakes by learning from them, then moving forward.
00:24:08 - How Joel handles the “kick in the stomach” when an investment goes wrong.
00:31:02 - How to succeed by taking advantage of the wild emotional mood swings of the crowd.
00:32:30 - Why stock pickers must learn to value businesses, buy at a discount, & then wait.
00:36:17 - How Bill Miller handles the discomfort of brutal losses during the most turbulent times.
00:39:00 - What Bill advises regular investors to do so they can endure the pain of market mayhem. 
00:40:33 - Why Howard Marks says we need to be honest about our tolerance for risk & loss.
00:42:06 - How the best investors diversify or concentrate in ways that suit their temperament. 
00:46:07 - Why Howard believes that “emotion is the greatest enemy of superior investing.”
00:48:35 - How Sir John Templeton thrived by hunting for bargains in the most-hated markets.
00:52:41 - Why Howard Marks thinks he was wrong to be a “knee-jerk skeptic” about Bitcoin.
00:55:30 - How to safeguard against our own biases, hubris, & overconfidence.
01:00:58 - Why François Rochon is convinced that it’s rational to be optimistic about the future.
01:02:51 - What history shows about mankind’s extraordinary ability to find solutions to its problems.
01:13:31 - Why Warren Buffett says that bad news is an investor’s best friend.
01:15:23 - Why Buffett regards babies being born in America today as “the luckiest crop in history.”

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▶️ RELATED EPISODES:
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This Only Happens ONCE In 25 Years: Sea Change In The Stock Market w/ Howard Marks:    • A Sea Change Is Happening: What Worked The...  
The Art Of Investing w/ François Rochon:    • The Art Of Investing w/ François Rochon (R...  

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ABOUT OUR SHOW 🎙 
On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.

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