Matt Joass is the Founder and CIO at Maven Funds Management. Matt previously worked as a financial analyst at a large international shipping firm and has co-founded the Copenhagen Investment Club. The focal point for our conversation is the book Superforecasting, and we cover everything from thinking in probabilities to good fiction books.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on November 2, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(01:10) How Matt got interested in investing

(03:51) Superforecasting

(07:02) Why are people bad forecasters?

(10:04) Improving investing through forecasting

(12:35) Critique against forecasting

(16:58) The ten commandments

(25:04) Maven Fund Management

(29:46) A walk-through of a case

(34:22) Thinking in probabilities rather than certainties

(37:48) Breaking things down into smaller pieces

(43:22) Growth mindset vs fixed mindset

(46:11) Matt’s most common cognitive biases

(49:56) System for identifying mistakes

(53:37) Book discussions

(01:00:17) Final remarks

—————————————

Books Mentioned

• Superforecasting - Dan Gardner and Philip Tetlock
• Rich Dad Poor Dad - Robert Kiyosaki
• How Buffett Does It - James Pardoe
• Snowball - Alice Schroeder
• A Thousand Brains - Jeff Hawkins
• The Talent Code - Daniel Coyle
• Deep Survival - Laurence Gonzales
• The Tao Jones Averages - Bennett W. Goodspeed
• Rainbows End - Vernor Vinge

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Companies Mentioned

Cogstate

—————————————

More on Matt

• Matt’s Twitter
• Matt’s LinkedIn
• Mattjoass.com

—————————————

About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Derek Lidow holds a PhD in applied physics, has been the CEO of a large public semiconductor company, and has started a business that he sold for $100 million. He is a professor of entrepreneurship at Princeton University and has written three books on the topic. In this episode, we discuss his latest title, The Entrepreneurs. We also ponder big questions, such as whether or not you should drop out of school to start a company.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on October 17, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(03:31) How Derek’s passion for business started

(10:39) Do you have to risk it all to win big?

(23:47)The world’s first entrepreneur

(27:43) A copper-age analog to Silicon Valley

(30:57) Cornelius Vanderbilt

(39:33) J P Morgan

(42:03) Venture capital funding electronics

(44:27) Scaling demand

(51:27) Slavery scaled

(57:36) Punish bad behavior or reward good?

(01:09:17) Dealing with short-termism

(01:11:51) Should you drop out of school to start a company?

(01:17:02) Sam Walton > Elon Musk

(01:19:52) John Patterson

(01:23:12) Book Recommendations

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Books Mentioned

• The Entrepreneurs - Derek Lidow
• Startup Leadership - Derek Lidow
• Building on Bedrock - Derek Lidow
• Four Steps to the Epiphany - Steve Blank
• The Startups Owner’s Manual - Steve Blank
• Making Sense of Field Research - Sheila Pontis
• Communicating Knowledge Visually - Sheila Pontis

—————————————

More on Derek

Dereklidow.com

Derek’s Twitter

Derek’s LinkedIn

—————————————

About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Vishal Khandelwal is an author, former equity analyst, and fellow podcast host. He is an insightful writer on investing and how to live a good life, and has amassed a large following. In this episode, we discuss his inspiring book 'The Sketchbook of Wisdom', and the lessons he brings from writing it. We also cover habits for closing out the noise, thoughts on re-reading books, and the philosophy of Ikigai.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on October 17, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(01:02) Introduction to Vishal

(03:35) How Vishal’s passion for investing started

(11:55) The story of a holocaust survivor

(15:44) The five parts of the book

(17:36) Chop wood, carry water

(22:20) Ikigai

(30:50) The biases Vishal suffers from

(33:14) Is knowing nothing the highest form of wisdom?

(35:34) Age as an obstacle to learning?

(37:28) How to reach financial independence

(43:26) Prerequisites for becoming a full-time investor

(50:40) Dealing with bear markets

(55:48) Thoughts on portfolio allocation

(58:50) Vishal’s latest investing mistake

(1:02:01) Habits for shutting out the noise

(1:05:45) Shut Up and Wait

(1:10:31) Thoughts on re-reading books

—————————————

Books Mentioned

• The Sketchbook of Wisdom - Vishal Khandelwal
• Shut Up and Wait - Vishal Khandelwal (To be released)
• The Intelligent Investor - Benjamin Graham
• Poor Charlie’s Almanack - Peter Kaufman
• How to Stop Worrying and Start Living - Dale Carnegie
• Man’s Search for Meaning - Viktor Frankl
• The Bhagavad Gita

—————————————

The One Percent Show (Available on Youtube, Spotify, Apple Podcasts, etc.)

Safal Niveshak Website

Vishal's Twitter

—————————————

About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Adam Mead is the CEO and CIO at Mead Capital Management and author of 'The Complete Financial History of Berkshire Hathaway'. The book sits at 700+ pages, making it one of the most comprehensive accounts of Warren Buffett’s creation to date. In the episode, we discuss successful capital allocation, accounting as the language of business, and why Berkshire should not be split up.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on September 7, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie

(00:23) Introduction to Adam

(04:24) How the book came about

(09:18) Interesting lessons from writing the book

(16:08) Patience is a virtue

(17:49) Growth CapEx vs Maintenance CapEx

(26:52) The main sources of growth during the formative years

(28:40) The acquisitions that “moved the needle”

(34:57) Why Berkshire shouldn’t be split up

(40:19) Lessons on inflation

(43:30) Adam’s personal career

(45:13) An investor’s habits

(56:42) Adam’s cognitive biases

(59:06) The language of business

(01:10:44) Book recommendations

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Books Mentioned

• The Complete Financial History of Berkshire Hathaway - Adam Mead
• The Warren Buffett Way - Robert Hagstrom
• Poor Charlie’s Almanack - Peter Kaufman
• Seeking Wisdom - Peter Bevelin
• Leonardo da Vinci - Walter Isaacson
• Manias, Panics, and Crashes - Charles Kindleberger

—————————————

Companies Mentioned

• Berkshire Hathaway
• National Indemnity
• Geico
• Apple
• The Washington Post
• Scott Fetzer
• Berkshire Hathaway Energy
• BNSF
• See’s Candies
• Markel Capital
• Alleghany Corporation
• Fairfax
• Boston Beer Company
• Heineken
• Anheuser-Busch Inbev
• Jack Henry
• Fastenal

—————————————

More on Adam

Mead Capital Management - https://meadcm.com/

The Oracle’s Classroom - https://theoraclesclassroom.com/

Twitter - https://twitter.com/BRK_Student

Book recommendations - https://theoraclesclassroom.com/books/

Watchlist Investing (10% discount with code Redeye) - https://watchlistinvesting.com/

—————————————

About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Christian Billinger is the chairman of Billinger Förvaltning, a privately held investment company focused on owning high-quality businesses. For this episode, Christian has selected Terry Smith’s great book Investing for Growth. Our conversation covers a wide array of fascinating topics including market timing, traits of a successful investor, and how to go about selling a stock.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on August 17, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(01:34) How Christian’s passion for investing started

(02:40) Introduction to Investing for Growth and Terry Smith

(07:33) Highlights of the book

(09:40) Why low volatility stocks sometimes generate the highest return

(11:19) Timing the market

(12:40) The importance of return on capital for value creation

(13:38) When diversification becomes unnecessary

(15:11) How much to pay for high quality

(17:33) Three Steps to Heaven

(18:59) Terry Smith vs Warren Buffett

(26:32) Investing lessons from Tour de France

(29:01) Critique against value investing (and special situations)

(31:12) The Art of Selling

(39:22) When to buy high-quality companies cheap

(42:52) Traits of a successful investor

(49:38) Christian’s best investment and the lessons from it

(54:09) Book recommendations

(56:52) Final remarks

—————————————

Books Mentioned

• Investing for Growth - Terry Smith
• Quality Investing - Lawrence Cunningham
• Capital Returns - Edward Chancellor

—————————————

Companies Mentioned

• TCI (Tele-Communications Inc)
• AKO Capital
• Fundsmith
• Tesco
• IBM
• Berkshire Hathaway
• Markel Capital
• Lindsell Train
• Kimberly-Clark
• SGS
• Domino’s Pizza
• Meta
• Paypal
• Diageo
• Davide Campari
• Rémy Cointreau
• LVMH
• Hermès

—————————————

More on Christian

Billinger Förvaltning: https://www.billingerforvaltning.se/

LinkedIn - https://www.linkedin.com/in/christian-billinger-41688087/

—————————————

About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Gautam Baid is the Managing Partner and Fund Manager at Stellar Wealth Partners and author of The Joys of Compounding. He has previously worked as a portfolio manager at Summit Global Investments and as a senior analyst at Citigroup and Deutsche Bank. During our wide-ranging conversation, we discuss Gautam’s investment philosophy, common misconceptions among investors, and typical traits of a high-quality business.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on August 5, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(04:31) Why and how The Joys of Compounding came about

(07:08) When compounding works against you

(09:02) Why value investing has endured for so long

(10:11) The importance of financial independence

(12:18) Gautam's investment philosophy

(20:22) Traits of a high-quality business

(22:36) Common misconceptions among investors

(24:31) How to behave in bear markets

(26:55) Thoughts on portfolio allocation

(28:42) Advice for aspiring fund managers

(33:01) The fee structure in Gautam’s fund

(36:43) Why invest in India?

(44:21) How to evaluate corporate governance

(47:53) Investing in developing versus emerging countries

(49:19) The two themes of Stellar Wealth Partners

(52:15) Gautam's reading habits and book recommendations

—————————————

Books Mentioned

• The Joys of Compounding - Gautam Baid
• A Random Walk Down Wall Street - Burton Malkiel
• Investing for Growth - Terry Smith
• Mastering the Market Cycle - Howard Marks
• You Can Be a Stock Market Genius - Joel Greenblatt
• More Than You Know - Michael Mauboussin 
• Seeking Wisdom - Peter Bevelin
• All I Want to Know is where I'm Going to Die So I'll Never Go There - Peter Bevelin
• Common Stocks and Uncommon Profits - Philip Fisher

—————————————

More on Gautam Baid

The Joys of Compounding: https://www.thejoysofcompounding.com/

Stellar Wealth India: https://stellarwealthindia.com/

LinkedIn: https://www.linkedin.com/in/gautam-baid-cfa-b40b7110/

Twitter: https://twitter.com/Gautam__Baid

—————————————

About the podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Will Thorndike is the co-founder of Housatonic Partners and host of the 50X podcast. In this episode, we discuss Will’s masterpiece “The Outsiders” and the lessons he brings from writing it. The book covers eight CEOs who excelled at capital allocation and describes the strategies underlying their success. "The Outsiders" was published ten years ago, and recommended by Warren Buffett in his 2012 annual shareholder letter.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on August 17, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(03:16) How Will’s passion for investing started

(08:13) Common traits of the outsiders

(19:49) Holding on to high-quality companies

(26:06) The importance of corporate culture

(34:49) When M&A becomes value-destroying

(38:53) How to think about share issues

(41:41) How to find outsider CEOs

(50:19) The outsiders of tomorrow

(56:03) Thoughts on valuation

(1:02:39) Book recommendations

—————————————

Books Mentioned

• Money Masters of Our Time - John Train
• Sam Walton: Made in America - Sam Walton
• Shoe Dog - Phil Knight
• Fortune’s Formula - William Poundstone
• Buffett: The Making of an American Capitalist - Roger Lowenstein
• The Snowball - Alice Schroeder
• You Can Be a Stock Market Genius - Joel Greenblatt
• The Warren Buffett Portfolio - Robert Hagstrom
• Elusive - Frank Close

—————————————

Companies Mentioned

• Capital Cities Broadcasting
• Teledyne
• General Dynamics
• TCI
• The Washington Post
• Ralston Purina
• General Cinema
• Berkshire Hathaway
• Danaher
• Prosus
• Arch Reinsurance
• RCI Hospitality
• Constellation Software
• Brookfield Asset Management
• Lifco

—————————————

More on Will Thorndike

50X Podcast - Will's podcast where he discusses and dissects extraordinary investments

—————————————

About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Mark Mahaney calls himself “Wall Street’s oldest and longest-lasting technology analyst”. We learn about Mark's lessons for successful tech investing, his passion for the analyst job, and the quality of the big tech companies of today, including Meta and Spotify.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on August 11, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(02:02) Mark’s story

(06:58) Writing Nothing But Net

(09:29) Dislocated High-Quality Stocks (DHQs)

(14:15) The value of premium growth

(23:47) Winning management traits

(28:00) Employees as an advantage

(31:20) Losing networks effects

(34:17) Companies with optionalities

(36:41) Duration of tech businesses

(38:26) TikTok and engagement data

(41:22) The three roles of an equity analyst

(45:46) The investor perspective

(50;28) Sleuthing and customer surveys

(59:38) Spotify & Meta = DHQs?

(1:07:31) Company specific vs Macro issues

(1:10:02) Top books

—————————————

Books Mentioned

• Nothing But Net - Mark Mahaney
• One Up on Wall Street - Peter Lynch
• The Smartest Guys in the Room - Bethany McLean
• No Rules Rules - Reed Hastings & Erin Meyer
• The Sleuth Investor - Avner Mandelman
• The Black Swan - Nassim Nicholas Taleb
• Freakonomics - Steven Levitt & Stephen J. Dubner

—————————————

Companies Mentioned (in order of first appearance)

• Groupon
• Netflix
• Amazon
• Uber
• Apple
• Warby Parker
• Airbnb
• Enron
• Spotify
• Google
• eBay
• Grubhub
• Meta
• Yahoo!
• AOL
• TikTok
• DoorDash
• Stitch Fix
• Blue Apron
• Snap
• 1stDibs
• Zulily
• Wix
• Shopify
• Lyft

—————————————

More on Mark Mahaney

Twitter: https://twitter.com/markmahaney

Website: https://www.marksfmahaney.com/book

—————————————

About the podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Magnus Angenfelt is a seasoned hedge fund manager and author of 'The World's 99 Greatest Investors'. Among many things, we discuss what we can learn from the best, the ideal conditions for an active investor, and how Magnus operates as a portfolio manager.

We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on June 17, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(03:05) Background of Magnus Angenfelt

(05:13) Creating the ultimate investment book

(09:43) Selecting the 99 greatest investors

(13:39) Three extraordinarily influential investors

(15:47) Common denominators among the GOATs

(21:37) Top 5 greatest investors of all time

(23:28) Improving conditions for active investors

(27:21) Magnus’ investment philosophy

(30:57) Hedge fund experiences from 2000-2022

(34:57) The emotional aspect of investing

(37:22) What defines a good sell-side analyst?

(39:51) Book inspiration and final remarks

—————————————

Books Mentioned

• The World's 99 Greatest Investors - Magnus Angenfelt
• Thinking Fast and Slow - Daniel Kahneman
• One Up on Wall Street - Peter Lynch
• John Neff on Investing - John Neff

—————————————

More on Magnus Angenfelt

About Chelonia Market Neutral: http://www.archipelago-investments.com/chelonia-market-neutral/

The fund on Nordnet (Nordic broker): https://www.nordnet.se/marknaden/fondlistor/16973107-chelonia-market-neutral

—————————————

About the podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

—————————————

What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

—————————————

What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

—————————————

Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Andrew Wagner is the CIO of Wagner Road Capital Management and the author of "The Economics of Online Gaming". In our conversation, Andrew tells the fascinating story behind the book and we discuss the surprisingly many ways that gaming can make us advance in economics, business, and investing.

A special thanks to Adam J. Mead for connecting us with Andrew Wagner. We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on June 15, 2022.

—————————————

Episode Chapters

(00:00) Intro by Eddie & Niklas

(02:24) Background of Andrew Wagner

(07:58) How the book came to be

(11:16) The story of the book

(16:48) Gaming experience on the CV

(18:33) Monopoly breakdown and culture

(22:57) Boycott - an investment opportunity?

(28:04) Competitive advantages

(33:57) The Principle-Agent Problem

(36:58) Wagner Road Capital Management

(42:04) Different stages of life in a business

(43:36) Four categories of biases

(49:01) Book inspiration

—————————————

Books Mentioned

• The Economics of Online Gaming - Andrew Wagner
• The Warren Buffett Way - Robert Hagstrom
• The Warren Buffett Portfolio - Robert Hagstrom
• Thinking Fast and Slow - Daniel Kahneman
• Influence - Robert Cialdini
• The Age of Propaganda - Anthony Pratkanis & Elliot Aronson

—————————————

More on Andrew Wagner

• LinkedIn: https://www.linkedin.com/in/atwagner
• Wagner Road Capital Management: https://www.wagnerroadcm.com/
• The Economics of Online Gaming on Business Expert Press: https://www.businessexpertpress.com/books/the-economics-of-online-gaming-a-players-introduction-to-economic-thinking/
• The Economics of Online Gaming on Amazon: https://www.amazon.com/dp/B084Z77PSW/

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About the podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

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What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

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What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

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Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se