Wealth Formula Podcast

320: The Soul of a Value Investor


Listen Later

What makes a great investor? Genetics? Personality type? Luck? Probably all of the above. But one thing I've noticed is that all the best investors in the world are very curious people and they tend to read a lot. Apparently Warren Buffett was reading between 800 and 1000 pages per day in the early days of Berkshire Hathaway. He probably learned a thing or two along the way. Even now, approaching his ninth decade, 80% of his day is reportedly spent reading. Bill Gates apparently clocks in at about a book per week as well. So maybe there is something to this reading thing? Neither one of these guys focuses just on personal finance either. They are learning all sorts of things about the world and about ideas. On a much smaller level, I believe that my broad background as a student of history, a medical doctor, and a macroeconomic theory enthusiast, have all played a role in my ability to think about things from a larger perspective than most. Just take for example the current inflationary environment. Most of us are probably not old enough to necessarily have experienced what it was like in the early 1980s. But understanding the similarities and differences between what happened then and what is happening now certainly provides perspective in an otherwise unpredictable world. History may not repeat itself, but it certainly rhymes. Furthermore, history is not the only thing that can teach you about the world. I take lessons from my days as a surgeon and understanding and processing the world on a day-to-day basis. The more you learn about STUFF, the larger arsenal you will have to confront the problems and challenges of life both professionally and personally. I truly believe that. My guest on this week's Wealth Formula Podcast believes it too. Aside from being a recognized value investor, he is a true man of letters. Vitaliy Katsenelson is a great example of a great thinker and how a great thinker can often translate to a great investor. Make sure to tune into the show!
...more
View all episodesView all episodes
Download on the App Store

Wealth Formula PodcastBy Buck Joffrey

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

402 ratings


More shows like Wealth Formula Podcast

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,725 Listeners

The Peter Schiff Show Podcast by Peter Schiff

The Peter Schiff Show Podcast

5,689 Listeners

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

706 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,839 Listeners

Creating Wealth Real Estate Investing with Jason Hartman by Jason Hartman

Creating Wealth Real Estate Investing with Jason Hartman

535 Listeners

Get Rich Education by Real Estate Investing with Keith Weinhold

Get Rich Education

602 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

579 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

969 Listeners

Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Wealth Show: Real Estate Investing Podcast

409 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

426 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

514 Listeners

Real Estate News: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Estate News: Real Estate Investing Podcast

563 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

720 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,032 Listeners

PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

PassivePockets: The Passive Real Estate Investing Show

133 Listeners