Richard Lawrence is the founder of Overlook Investments and one of the best investors in Asian equities over the last three decades. Richard founded Overlook Investments in Hong Kong in 1991 and the fund has since then beat the market by 6.5 percentage points per year. At the time of recording, June 10th, 2022, Overlook held more than USD 6 billion in assets.

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We discuss Richard's book "The Model", with his best lessons from bear markets, Overlook's successful investment philosophy, his thoughts on investing in China, and the art of selling.

A must-listen for every fund manager and private investor aiming to outperform the market over the longer term.

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A special thanks to our friends at Next Gen Investors Endowment and Daniel Phua at Foord Asset Management for connecting us with Richard Lawrence.

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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.

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Episode Chapters

(00:00) Intro by Eddie & Niklas

(03:19) Life journey of Richard Lawrence

(09:48) Bear market lessons and personality traits

(20:51) Philosophy and inspiration of Overlook Investments

(36:42) Investing in China from 1985 to 2022

(48:18) The success of TSMC

(51:39) The art of selling

(55:33) Legal cap on subscriptions

(1:01:51) The outlook of Overlook Investments

(1:03:35) Overlook Hall of Fame

(1:05:48) Book inspiration

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Books/Periodicals Mentioned

• The Model - Richard Lawrence
• Pioneering Portfolio Management - David Swensen
• The Buffett Partnership Letters
• The New Money Masters - John Train
• The Outstanding Investor Digest
• One Up On Wall Street - Peter Lynch
• The Investor's Anthology - Charles Ellis
• Classics II: Another Investor's Anthology - Charles Ellis
• Margin of Safety - Seth Klarman
• The Investor’s Equation - William Bowen and Frank Ganucheau
• The Mind of Wall Street - Leon Levy

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More on Richard Lawrence

The Model: https://themodel.com/

Email: [email protected]

Overlook Investments: https://overlookinv.com/

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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

Gillian Zoe Segal is the author of 'Getting There: A Book of Mentors'. In the book, Gillian has interviewed and photographed 30 superstars, including Warren Buffett and Michael Bloomberg. We talk about her special relation to Berkshire Hathaway, seven common traits among successful people, qualities to look for in a mentor, and much more.

The episode was recorded on May 24, 2022. For more info about the podcast, go to the episode page. Follow us on Twitter: https://twitter.com/IB_Redeye

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Episode Chapters

(00:00) Intro to Gillian and Getting There

(03:41) Gillian's special relation to Berkshire Hathaway

(06:47) Choosing people to interview and the book title

(09:50) Seven common factors of successful people

(15:02) Jim Koch's lessons from mountaineering

(18:15) The third door and dealing with rejection

(24:17) Why success can turn into failure

(27:30) Play to your strengths, but be ready to sacrifice something

(32:22) Gillian's fav advice

(34:07) The right attitude, for the right people

(36:01) Mentors, role models, and heroes

(40:10) Becoming a mentor

(41:48) Qualities to look for in a mentor

(43:47) Risks of having mentors

(46:52) Learning about yourself

(48:26) The worst advice

(49:17) Book recommendations

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Books Mentioned

• Getting There - Gillian Zoe Segal
• New York Characters - Gillian Zoe Segal
• The Third Door - Alex Banayan
• Bad Blood - John Carreyrou
• A Search in Secret India - Paul Brunton
• The Education of a Value Investor - Guy Spier
• Richer, Wiser, Happier - 
• Influence - Robert Cialdini
• Pre-Suasion - Robert Cialdini

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Episodes Mentioned

Patrik Wahlén - Episode 14: Investing by the Books podcast

Shree Viswanathan - Episode 20: Investing by the Books podcast

Bryan Lawrence - Episode 440: The Investor's Podcast

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More on Gillian Zoe Segal

LinkedIn: https://www.linkedin.com/in/gillian-zoe-segal-64041021/

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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

Rajeev Agrawal is the Fund Manager & Managing Partner at DoorDashi India Fund. For this episode, Rajeev has picked one of our favorite books - Poor Charlie’s Almanack - with wisdom from Charlie Munger, compiled by Peter Kaufman. Our conversation is an educational and inspiring discussion of how the ideas can be applied practically in our strive to become first-class investors.

The episode was recorded on May 23, 2022. For more info about the podcast, go to the episode page. Follow us on Twitter: https://twitter.com/IB_Redeye

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Episode Chapters

(00:00) Intro to Rajeev Agrawal

(03:15) About the bible

(05:33) Intro to Peter Kaufman

(07:00) Applying Poor Charlie’s Almanack

(15:01) Chapter 1: A Portrait of Charles T. Munger

(24:08) Chapter 2: The Munger Approach to Life, Learning and Decision Making

(43:08) Chapter 3: Mungerism: Charlie Unscripted

(49:26) Chapter 4, Speech 11: The Psychology of Human Misjudgment

(1:06:19) Investing in India

(1:12:04) Book recommendations

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Books Mentioned

• Poor Charlie's Almanack - Peter Kaufman
• The Education of a Value Investor - Guy Spier
• Berkshire Hathaway Letters to Shareholders
• The Most Important Thing - Howard Marks
• There's Always Something to Do - Christopher Risso-Gill
• The Intelligent Investor - Benjamin Graham
• Think and Grow Rich - Napoleon Hill
• Thinking Fast and Slow - Daniel Kahneman
• Influence - Robert Cialdini
• Fooled by Randomness - Nassim Taleb

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More on Rajeev Agrawal

DoorDarshi: https://www.doordarshiadvisors.com/

LinkedIn: https://www.linkedin.com/in/rajeevagrawal/

Twitter: https://twitter.com/rajeev_agr

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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

Avner Mandelman is a former rocket scientist and hedge fund manager ​that has written several books and served in the Israeli Air Force. In a rare interview, we discuss his unconventional and intriguing strategy of stock sleuthing - collecting physical evidence to become a superior investor.

A special thanks to our listener @InwestMannen who inspired us to connect with Avner. We welcome all suggestions of interesting authors, books, investors, and voracious readers @IB_Redeye.

The episode was recorded on March 7, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro by Eddie & Niklas

(04:42) Get to know Avner Mandelman

(08:18) Sleuthing vs. Scuttlebutt

(12:03) Sleuthing anecdotes

(18:03) Applying sleuth investing

(22:40) Traits of successful sleuths

(28:25) Sleuthing digital companies

(34:50) Stock ideas, analysis, and the Turing test

(41:49) The right leader for the right business

(52:38) Sleuthing tools: beer, phone, and a star map

(1:06:47) Sleuthing challenges, behavior, and market outlook

(1:16:07) Improving your judgment

(1:28:53) Book inspiration

(1:32:39) The Advanced Sleuth Investor

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Books Mentioned

• The Sleuth Investor - Avner Mandelman
• The Snowball - Alice Schroeder
• Taming the Lion: 100 Secret Strategies for Investing - Richard Farleigh
• Essentials of Myers-Briggs Type Indicator Assessment - Naomi L. Quenk
• Plutarch’s Parallel Lives - Plutarch
• The Pursuit of Victory: The Life and Achievement of Horatio Nelson - Roger Knight
• Who: The A Method for Hiring - Geoff Smart and Randy Street (about how to hire the best CEO for a company - recommended by Avner off-record)

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More on Avner Mandelman

Amazon: https://www.amazon.com/Avner-Mandelman/e/B001IQZKWS%3F

Twitter: https://twitter.com/avnermandelman

Youtube: https://www.youtube.com/channel/UCYqoVE89bEiKmybAlnLEq4w

Wikipedia:https://en.wikipedia.org/wiki/Avner_Mandelman

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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

Twitter: https://twitter.com/IB_Redeye

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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

In this special episode, we discuss our adventure to Omaha and insights from watching Buffett and Munger on stage at Berkshire Hathaway’s annual meeting 2022. With thousands of like-minded investors attending, we took the opportunity to interview four seasoned money managers: Shree Viswanathan, Christian Billinger, Rajeev Agrawal, and Adam J. Mead.

We welcome all suggestions of interesting authors, books, investors, and voracious readers around the world @IB_Redeye. The episode was recorded between April 29 and May 1st, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Omaha: Day 1

(05:16) Omaha: Day 2

(08:37) Interview: Shree Viswanathan, SVN Capital

(13:27) Interview: Christian Billinger, Billinger Förvaltning

(16:49) Interview: Rajeev Agrawal, DoorDarshi India Fund

(25:40) Takeaways from KEDM/Kuppy's Event

(27:40) Takeaways from Berkshire’s Q&A

(40:49) Takeaways from Trupanion’s AGM

(42:47) Interview: Adam J. Mead, Mead Capital Management

(53:20) Takeaways from Willow Oaks Asset Management’s Event

(59:24) Takeaways from Markel Corporation’s Brunch

(1:02:18) Final remarks

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Books Mentioned

• The Oracle's Fables - John Prescott
• Getting There - Gillian Zoe Segal
• The Complete Financial History of Berkshire Hathaway - Adam Mead
• The Intelligent Investor - Ben Graham

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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

Twitter: https://twitter.com/IB_Redeye

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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

Shree Viswanathan is the founder, president, and portfolio manager of SVN Capital. In a deep and thoughtful conversation, we revisit the book with the biggest impact on Shree's life - "A Search in Secret India" by Paul Brunton. As we discuss ego reduction, intuition, anchoring, and how to evaluate people; it is evident that spiritualism helps, and perhaps even is necessary, to become a successful investor.

For this episode, we want to give a special thanks to our listener @assonmoneymess, who connected us with Shree. We welcome all suggestions of interesting authors, books, investors, and voracious readers around the world @IB_Redeye. The episode was recorded on March 30, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro to Shree and the book

(05:07) Three most important habits

(08:13) Shree’s investing journey

(11:13) A Search in Secret India

(19:02) Ego reduction

(27:42) Body, mind, and beyond

(35:41) Shree’s investment philosophy

(42:13) Intuition in investing

(51:29) Competition is for losers

(53:52) Anchoring and overconfidence

(56:20) Finding your master

(1:01:58) Evaluating managers

(1:11:46) Westernization and investing in India

(1:14:38) Inner scorecard

(1:19:14) Shree’s reading habits

(1:23:18) Three most important books

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Books Mentioned

• A Search in Secret India - Paul Brunton
• The Productivity Project - Chris Bailey
• Books by Thich Nhat Hanh 
• Books by Jiddu Krishnamurti
• Books by Wayne Dyer
• 100 to 1 in the Stock Market - Thomas Phelps
• A Walk in the Woods - Bill Bryson
• Diary of a Hedgehog - Barton Biggs
• Awaken The Giant Within - Tony Robbins
• The Intelligent Investor - Ben Graham
• The Almanack of Naval Ravikant - Eric Jorgenson
• The Snowball - Alice Schroeder
• Of Long-Term Value & Wealth Creation - Bharat Shah
• Fortune’s Formula - William Poundstone
• Investing Between the Lines - L.J. Rittenhouse

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Podcasts & Talks Mentioned

Buddha at the Gas Pump - David Godman

Competition is for Losers - Peter Thiel

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More on Shree Viswanathan

Website: https://www.svncapital.com/

Twitter: https://twitter.com/SvnCapital

LinkedIn: https://www.linkedin.com/in/shreekkanth-viswanathan-ab5300/

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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

Twitter: https://twitter.com/IB_Redeye

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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

Oddbjørn Dybvad is the co-founder of REQ Capital and a seasoned investor in global compounders. The focus of this episode is Oddbjørn's book “Investing in Value Creators" and our conversation covers management/investor mistakes, capital allocation, hyperbolic discounting, serial acquirers, and much more.

The episode was recorded on March 3, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro to Oddbjørn, REQ Capital, and the book

(06:56) The investment philosophy of REQ Capital

(16:09) Corporate culture as a moat

(17:40) Management mistakes and confident humility

(22:59) Quantitative metrics to determine value creation

(25:13) Hyperbolic discounting of cash flows

(30:47) Dealing with volatility

(33:12) Investor mistakes

(36:49) Information treatment

(38:53) Investing in Serial Acquirers

(44:42) Geographic split, reasons for selling & portfolio sizing

(49:36) Investing: Art vs. Science

(51:17) Book recommendations

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Books Mentioned

• Investing in Value Creators - Oddbjørn Dybvad
• The Outsiders - William Thorndike
• Think Again - Adam Grant
• 100-Baggers - Chris Mayer
• How to Win Friends and Influence People - Dale Carnegie

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More on Oddbjørn Dybvad

LinkedIn: https://www.linkedin.com/in/oddbj%C3%B8rn-dybvad-01575883/

Twitter: https://twitter.com/oddbjorndybvad

Website: https://reqcapital.com/

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Redeye's Serial Acquirers Event - May 18, 2022

https://www.redeye.se/events/832215/redeye-theme-serial-acquirers

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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

Twitter: https://twitter.com/IB_Redeye

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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

Eric Jorgenson is a fellow podcast host, investor, and author based in Kansas. In this rich episode, Eric joins us to discuss his excellent compilation of wisdom from the Silicon Valley icon Naval Ravikant. Our cheerful yet deep conversation spans from wealth creation to new perspectives on innovation, leverage, happiness, health, and... flying cars.

The episode was recorded on February 7, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro to Eric, Naval and the book

(07:58) Finding Naval Ravikant

(09:51) Book inspiration for Naval’s almanack

(12:41) Happiness vs. Wealth

(15:36) How to get rich without getting lucky

(19:21) What to avoid and what to do to reach wealth

(23:48) Innovation - the frontier of humanity

(31:28) Compounding beyond capital

(34:34) Leverage of tools, products, people and capital

(43:59) FIRE, Capital vs. Time, Want vs. Have

(50:06) Happiness - a choice

(55:45) How to prioritize health

(1:00:17) Time vs. Return: The 1h meditation

(1:05:03) Future readers’ interpretations

(1:09:59) Avoiding desire machines

(1:11:24) Eric’s time allocation

(1:22:41) Where is my flying car?

(1:26:40) A new book idea

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Books Mentioned

• The Almanack of Naval Ravikant - Eric Jorgenson
• Poor Charlie’s Almanack - Peter D. Kaufman
• Principles - Ray Dalio
• Zero to One - Peter Thiel
• Seeking Wisdom - Peter Bevelin
• Berkshire Hathaway Letters to Shareholders - Max Olson
• The Joys of Compounding - Gautam Baid
• Where Is My Flying Car? - J. Storrs Hall

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Articles Mentioned 

• Interview with Gautam Baid - Bo Börtemark, Investing by the Books: http://www.investingbythebooks.com/columns/2019/7/31/interview-with-gautam-baid-author-of-the-joys-of-compounding-the-passionate-pursuit-of-lifelong-learning
• How to Manage Opportunity Cost - Eric Jorgenson: https://www.ejorgenson.com/blog/opportunity-cost-attention-thresholds

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More on Eric Jorgenson

Twitter: https://twitter.com/EricJorgenson

Website: https://www.ejorgenson.com/

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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

Twitter: https://twitter.com/IB_Redeye

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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

Björn Fahlén is the refounder, principal shareholder, Chief Investment Officer, and CEO of Redeye. Our conversation focuses on his book "Quality First Investing: A checklist approach to finding and sitting tight in multibaggers". We talk about his investor journey, company quality, portfolio management, behavior, and much more.

The episode was recorded on Thursday, February 3, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro to Björn Fahlén

(09:11) Intro to Quality First Investing

(12:22) Thematic/Top-Down vs Bottom-Up Investing

(15:36) Quality in People, Business, and Financials

(27:13) Applying the checklist

(31:26) Risk vs Uncertainty

(34:07) Why quality companies often are underpriced

(36:39) Rating questions that management often fails

(39:19) Redeye’s fund and Top Picks portfolio

(44:04) Special situations

(48:21) Overpaying and Margin of Safety

(49:43) Dealing with overconfidence

(53:31) The ugly side of compounding

(54:43) Most influential books

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Books Mentioned

• Quality First Investing - Björn Fahlén
• 100 to 1 in the Stock Market - Thomas Phelps
• 100-Baggers - Chris Mayer
• How to Profit from Special Situations in the Stock Market - Maurece Schiller

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More on Björn Fahlén

LinkedIn: https://se.linkedin.com/in/bj%C3%B6rn-fahl%C3%A9n-4a631265

Email: [email protected]

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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

Twitter: https://twitter.com/IB_Redeye

—————————————

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_

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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

Robert Hagstrom is a distinguished author and investor with 35+ years of experience in the equity market. Our conversation centers around his gem "The Last Liberal Art", explaining how disciplines such as biology, philosophy, and psychology can help us improve as investors. We also gain new reading inspiration as well as advice for younger listeners.

The episode was recorded on February 2, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro to Robert Hagstrom and the book

(07:07) Benefits of learning from several disciplines

(13:06) Biology - Complex adaptive systems

(17:32) Physics - Market predictions

(19:32) Disciplines for ”The Last Liberal Art 2”

(20:48) Sociology - Self-organization vs. Central banks

(24:22) Psychology - Myopic loss aversion, irrationality, mistakes

(32:03) Philosophy - Pragmatism and Wittgenstein’s Theory of Language

(36:51) Multidisciplinary money management

(40:28) Book inspiration and advice for younger people

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Books Mentioned

• Investing: The Last Liberal Art - Robert Hagstrom
• Books by Daniel Kahneman & Amos Tversky
• The Wisdom of Crowds - James Surowiecki
• Tractatus - Ludwig Wittgenstein
• Philosophical Investigations - Ludwig Wittgenstein (posthumous)
• Narrative Economics - Robert Shiller
• The Metaphysical Club - Louis Menand
• Oliver Wendell Holmes - Stephen Budiansky
• Immunity to Change - Lisa Laskow Lahey & Robert Kegan
• Books by Michael Mauboussin
• Books about Sherlock Holmes - Sir Arthur Conan Doyle
• Strategic Intelligence for American World Policy - Sherman Kent
• Arguably - Christopher Hitchens

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More on Robert Hagstrom

EquityCompass: https://equitycompass.com/

Books: https://www.amazon.com/kindle-dbs/entity/author/B000AP8X3Q

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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

Twitter: https://twitter.com/IB_Redeye

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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